AM Best Affirms Excellent Credit Ratings of Korean Reinsurance

KUALA LUMPUR, Dec 16 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Korean Reinsurance Company (KRE).

2025: Motor Losses, Climate Risks, Digital Shifts Shape General Insurance Landscape

By K. Naveen Prabu

KUALA LUMPUR, Dec 8 (Bernama) -- Malaysia’s general insurance sector ends 2025 with resilience and underlying fragility.

AM Best Affirms Mongolian Re Credit Ratings

KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).

AM Best Affirms Excellent Ratings For Hong Kong’s China Taiping Insurance

KUALA LUMPUR, Dec 5 (Bernama) -- Global credit rating agency, AM Best has affirmed Hong Kong’s China Taiping Insurance (HK) Company Limited [CTPI (HK)] financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.

Ringgit Opens Stronger At RM4.10 Vs Greenback

By Karina Imran & Naveen Prabu

KUALA LUMPUR, Dec 5 (Bernama) -- The ringgit opened firmer on Friday at around RM4.10 to the US dollar, with improving fiscal conditions supporting investor sentiment toward the local currency.

Ringgit Surges To 4.11 Against Greenback, Highest In Four Years And Five Months

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 4 (Bernama) -- The ringgit surged to 4.11 against the greenback at the close on Thursday, hitting a new high in almost four and a half years, as weaker economic data in the United States continued to heighten expectations of a cut in US interest rates.

Bursa Malaysia Ends Lower As Market Sentiment Turns Cautious

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia pared earlier losses to end marginally lower today as cautious sentiment prevailed ahead of the US Federal Reserve (Fed) meeting next week.

AM Best: Hong Kong Fire To Hit Reinsurers, Pressure Property Treaty Terms

KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.

Renewed Bargain Hunting Lifts Bursa Malaysia, CI Up 1.25 Pct

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 1 (Bernama) -- Bursa Malaysia started the final month of the year on a firmer footing, with the key index climbing 1.25 per cent at Monday’s close, supported by renewed bargain hunting and year-end portfolio rebalancing by institutional investors.  

Malaysia Has Clarified To China On ART - Tengku Zafrul

KUALA LUMPUR, Dec 1 (Bernama) -- Malaysia has sent a delegation to China to provide information and clarification regarding the Agreement on Reciprocal Trade (ART) between Malaysia and the United States, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz today.

Bumiputera Rights Protected Under ART Pact, Says Tengku Zafrul

KUALA LUMPUR, Nov 27 (Bernama) -- Bumiputera rights remained a firm red line throughout negotiations on the Malaysia-United States Agreement on Reciprocal Tariffs (ART), Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

Nearly RM200 Bln In Exports To US At Risk If ART Not Signed -- Tengku Zafrul

KUALA LUMPUR, Nov 27 (Bernama) -- Nearly RM200 billion in exports to the United States, along with over a million jobs and 7,700 small and medium enterprises (SMEs), would have been at risk if market access to the United States were lost due to the Agreement on Reciprocal Trade (ART) not being concluded.