AM Best Affirms Excellent Ratings For FuSure Reinsurance With Stable Outlook 

KUALA LUMPUR, June 3 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Hong Kong’s FuSure Reinsurance Company Limited (FuSure), with a stable outlook for both credit ratings (ratings).

Bursa Malaysia Lower At Midday On Renewed US-China Tensions

KUALA LUMPUR, June 3 (Bernama) -- Bursa Malaysia was lower at midday, dragged down by renewed tensions between the United States (US) and China, analysts said. 

Johor’s Healthcare Strength A Foundation Of Future Regional Innovation Hub -- JCorp

By Mohd Khairi Idham Amran

JOHOR BAHRU, June 1 (Bernama) -- Johor Corporation (JCorp) sees Johor’s healthcare strength as the foundation of a future regional innovation hub, serving ASEAN’s rising demand for clinical excellence and skilled medical talent.

Axiata Appoints Didi Syafruddin As Independent Non-Executive Director

KUALA LUMPUR, May 30 (Bernama) -- Axiata Group Bhd has appointed Didi Syafruddin Yahya as an independent non-executive director, effective June 1, 2025. 

Proton Appoints Ainol Azmil As Covering Deputy CEO

KUALA LUMPUR, May 30 (Bernama) -- Proton Holdings Bhd (Proton) has announced the appointment of Ainol Azmil as covering deputy chief executive officer (CEO), effective June 10, 2025.

CIMB Records RM1.97 Bln Net Profit In 1Q FY2025

KUALA LUMPUR, May 30 (Bernama) -- CIMB Group Holdings Bhd’s net profit rose 9.6 per cent to RM1.97 billion in the first quarter of financial year ending Dec 31, 2025 (1Q FY2025) from RM1.94 billion in the same period a year ago.

Padini's 3Q Net Profit Rises To RM71.97 Mln On Better Profit Margin

KUALA LUMPUR, May 29 (Bernama) -- Padini Holdings Bhd’s net profit improved to RM71.97 million in the third quarter ended March 31, 2025 (3Q FY2025) from RM40.52 million a year earlier, driven by an improvement in the gross profit margin.

Federal International Holdings Wins RM64.89 Mln Contract In PJ Selatan

KUALA LUMPUR, May 29 (Bernama) -- Federal International Holdings Bhd’s wholly-owned subsidiary, Federal Builders Industries Sdn Bhd (FBI), has been awarded a RM64.89 million contract by Perumahan Masteron Sdn Bhd (PMSB) for a development project at PJ Selatan Sentral in Petaling Jaya.

FGV Holdings Swings Back To Profit In 1Q On Stronger Plantation Performance

KUALA LUMPUR, May 28 (Bernama) -- FGV Holdings Bhd has returned to the black with a net profit of RM36.48 million for the first quarter ended March 31, 2025 (1Q 2025), compared with a net loss of RM13.50 million in 1Q 2024. 

Peak Reinsurance North America Assigned Credit Ratings By AM Best

KUALA LUMPUR, May 28 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Bermuda’s Peak Reinsurance North America Ltd (Peak Re NA), with a stable outlook for both credit ratings (ratings).

Sarawak Timber Industry Exports Reach RM625 Mln In First Quarter Of 2025

KUCHING, May 28 (Bernama) -- The timber industry continues to be one of the main contributors to Sarawak's economy, with the sector's export value reaching RM625 million in the first quarter of this year, said Sarawak Deputy Premier, Datuk Amar Awang Tengah Ali Hasan.

Care Latex Teams Up With Kossan Holdings To Expand In Global Wellness Market

KUALA LUMPUR, May 28 (Bernama) -- Care Latex Sdn Bhd has partnered with Kossan Holdings (M) Sdn Bhd, the investment arm of one of the world’s largest manufacturers of gloves and rubber products, to expand in the global wellness market.