KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.
KUALA LUMPUR, April 28 (Bernama) -- AM Best has upgraded the long-term issuer credit rating (Long-Term ICR) of Taiwan’s Shinkong Insurance Company Limited (Shinkong Insurance) to “a+” (Excellent) from “a” (Excellent), while affirming its financial strength rating (FSR) at A (Excellent).
KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia Bhd, which is scheduled to release its first quarter of 2025 (1Q 2025) financial results on April 28, is expected to record a decline in its net profit by 9.8 per cent to 20.4 per cent quarter-on-quarter (q-o-q) and 17.2 per cent to 26.9 per cent year-on-year (y-o-y) to RM55 million-RM62 million.
KUALA LUMPUR, April 24 (Bernama) -- The Asian Development Bank (ADB) committed US$24.3 billion (US$1 = RM4.39) from its own resources last year, alongside US$14.9 billion in cofinancing with its partners, to address a range of complex development challenges in Asia and the Pacific.
KUALA LUMPUR, April 23 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a global marine fuel solutions provider, posted a 119 per cent surge in revenue for 2024, reaching US$155.2 million from US$70.8 million in 2023, driven by a 121 per cent jump in marine fuel sales. (US$1=RM4.38)
KUALA LUMPUR, April 23 (Bernama) -- Jumio, an artificial intelligence (AI)-powered biometric identity verification and compliance solutions provider, has announced the general availability of Cross-Transaction Risk to help businesses detect fraud by connecting identity elements across the Jumio network.
KUCHING, April 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy.
KUALA LUMPUR, April 17 (Bernama) -- Malaysia and China will deepen economic cooperation by focusing on four key sectors — the digital, green, blue, and tourism economies — with efforts aimed at enhancing integration across industrial, supply, value, data, and talent chains.
KUALA LUMPUR, April 16 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointment of retired United States (US) Army General Daniel Hokanson to the company’s board of directors.
KUALA LUMPUR, April 9 (Bernama) -- Menlo Security, the pioneer of browser security, has been honoured with the 2025 Google Cloud Security Partner of the Year Award in the Application category.
KUALA LUMPUR, April 9 (Bernama) -- Sarawak-based telecommunications provider Reach Ten Holdings Bhd is set to raise RM104 million through its initial public offering (IPO) ahead of its planned Main Market listing on May 2, 2025.
KUALA LUMPUR, April 4 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has revised Malaysia’s gross domestic product (GDP) forecast for 2025 downwards to 4.5 per cent from an earlier projection of 5.0 per cent, following rising trade tensions and recent tariff hikes that pose a threat to the nation’s export-driven economy.
