AM Best Affirms Top Ratings For Samsung Fire & Marine Insurance, Subsidiaries

KUALA LUMPUR, Sept 19 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa+” (Superior) of South Korea’s Samsung Fire & Marine Insurance Co Ltd (SFM) and its subsidiaries in the United Kingdom, Vietnam and Singapore.

FBM KLCI Futures Open Higher

KUALA LUMPUR, Sept 17 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives opened higher on Wednesday.

Bursa Malaysia Opens Higher Ahead Of US Interest Rates Decision

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia kicked off the week on a positive note, buoyed by growing expectations of interest rate cuts ahead of the highly anticipated United States (US) Federal Open Market Committee (FOMC) meeting later tonight.

China’s Runjian Praises Malaysia’s AI Initiatives, Investment Climate

NANNING (China), Sept 16 (Bernama) -- China’s leading artificial intelligence (AI) solutions provider, Runjian Co Ltd, has praised the Malaysian government’s support for artificial intelligence (AI) initiatives and its investment in the two data centres it is operating in the country.

Malaysia Remains Top Destination For French Investments In Asia

KUALA LUMPUR, Sept 10 (Bernama) -- Malaysia is the top destination for France's foreign direct investment (FDI) flows in Asia and ranks 10th worldwide, said French Ambassador to Malaysia Axel Cruau.

WTK Plans To Acquire 3 Companies In RM555 Mln Oil Palm Expansion Plan

KUALA LUMPUR, Sept 4 (Bernama) -- WTK Holdings Bhd and its wholly-owned subsidiary, BioPalm Venture Sdn Bhd, are mulling several acquisitions worth RM555 million.

IOI Properties Completes RM1 Bln Sukuk Murabahah Issuance

KUALA LUMPUR, Sept 4 (Bernama) -- IOI Properties Group Bhd’s (IOIPG) wholly-owned subsidiary Fortune Premiere Sdn Bhd has completed its seventh issuance of sukuk murabahah amounting to RM1 billion in nominal value under its existing multi-currency Islamic medium term note programme of up to RM3 billion.

Hijrah Group, Indonesia's PT LBP Enterprises Internasional Strengthen Business Ties, Target Free Food Project

By Mohd Iswandi Kasan Anuar

JAKARTA, Aug 29 (Bernama) -- Bahtera Hijrah Holding Sdn Bhd (Hijrah Group) and Indonesia’s PT LBP Enterprises Internasional have signed a strategic partnership to explore cross-border business opportunities, including the development of kitchens for Indonesia’s Free Nutritious Meal (MBG) Programme.

Maybank Issues RM1.8 Bln Subordinated Sukuk Under RM30 Bln Programme

KUALA LUMPUR, Aug 28 (Bernama) -- Malayan Banking Bhd (Maybank) has completed the issuance of RM1.8 billion in subordinated Sukuk Murabahah under the RM30.0 billion Sukuk programme. 

OCK Group Considering Listing Subsidiaries On ACE Market

KUALA LUMPUR, Aug 26 (Bernama) -- OCK Group Bhd is considering listing its 52.0 per cent subsidiary, EI Power Technologies Sdn Bhd, and its subsidiaries, EI Power Nexus Sdn Bhd and EI Power (Thailand) Co Ltd, on the ACE Market of Bursa Securities. 

Sunway Construction Shares Up After Being Spared From Anti-graft Probe

KUALA LUMPUR, Aug 20 (Bernama) -- Sunway Construction Group Bhd’s shares on Bursa Malaysia went up in the early session today after the company and its subsidiaries were spared from an ongoing anti-graft probe involving one of its employees.

Petronas Sets Up Transition Council, Human Capital Development Committee Following Restructuring

KUALA LUMPUR, July 30 (Bernama) -- Petroliam Nasional Bhd (Petronas) has established a Transition Council and a Human Capital Development Committee aimed at coordinating a fair and structured redeployment of staff following the company's organisational restructuring.