Petronas Gas Gets Tax Exemption From MOF For Reorganisation

KUALA LUMPUR, Oct 1 (Bernama) – Petronas Gas Bhd (PGB) has received approval from the Ministry of Finance (MOF) for a tax exemption related to its internal reorganisation plan.

Bermaz Auto Raises RM130 Mln In Sukuk Wakalah

KUALA LUMPUR, Sept 25 (Bernama) -- Bermaz Auto Bhd (BAuto) has issued a second tranche of Islamic Medium-Term Notes (IMTNs) worth RM130 million under its RM500 million Sukuk Wakalah programme and fully repaid a RM100 million Islamic Commercial Paper (ICP).

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.

AM Best Affirms Superior Ratings For Tokio Marine & Nichido Fire Insurance, Subsidiaries

KUALA LUMPUR, Sept 11 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICRs) of “aa+” (Superior) of Japan’s Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF) and its subsidiaries.

Eyexora Launches With Bold Mission To Reshape Global Ophthalmology Innovation

KUALA LUMPUR, Sept 11 (Bernama) -- Eyexora, a global ophthalmology company, has launched the first ophthalmology company built on a hub-and-spoke model, aiming to accelerate drug and device development on a global scale.

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.

AM Best Places Sompo Group Ratings Under Review Following Aspen Acquisition

KUALA LUMPUR, Sept 2 (Bernama) -- AM Best has placed under review with positive implications the financial strength rating (FSR) of A+ (Superior) and the long-term issuer credit ratings (Long-Term ICR) of “aa-” (Superior) of Sompo Japan Insurance Inc (SJ) and its subsidiaries.