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KUALA LUMPUR, Sept 29 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Samsung Property & Casualty Insurance Company (China) Ltd (Samsung P/C China). The outlook for both credit ratings (ratings) is stable.
KUALA LUMPUR, Sept 26 (Bernama) -- Global credit rating agency, AM Best will sponsor, exhibit and lead a session at the 29th Indonesia Rendez-Vous Conference, taking place for three days beginning Oct 15 in Bali, Indonesia.
By Fatin Umairah Abdul Hamid
KUALA LUMPUR, Sept 23 (Bernama) -- The ringgit closed lower against the US dollar on Tuesday due to profit-taking, as traders and investors opted to lock in recent gains, said an analyst.
By Danni Haizal Danial Donald
KUALA LUMPUR, Sept 22 (Bernama) -- The rationalisation of RON95 subsidies marks a landmark in Malaysia’s structural reform journey, with the reduction in subsidy expenditure expected to help narrow the fiscal deficit and improve the government’s debt dynamics, said an economist.
KUALA LUMPUR, Sept 22 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of Hong Kong’s Taiping Reinsurance Company Limited (TPRe) and its wholly owned subsidiary, Taiping Reinsurance (China) Company Ltd (TPRe China).
PUTRAJAYA, Sept 22 (Bernama) -- The government’s decision to lower the price of RON95 petrol to RM1.99 per litre through targeted subsidies is expected to bolster Malaysia’s fiscal position while ensuring assistance reaches the rakyat, economists say.
KUALA LUMPUR, Sept 22 (Bernama) -- The ringgit opened slightly higher against the US dollar on Monday, supported by Malaysia’s stable sovereign credit outlook and stronger domestic economic data.
KUALA LUMPUR, Sept 20 (Bernama) -- S&P Global Ratings (S&P) has reaffirmed Malaysia’s sovereign credit ratings at ‘A-’ with a stable outlook, underscoring confidence in the country’s macroeconomic management despite global trade uncertainty, according to the Finance Ministry (MoF).
KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has withdrawn the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Foundation Life (NZ) Limited (FLNZ) as the company no longer holds insurance policy liabilities.
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.
KUALA LUMPUR, Sept 19 (Bernama) -- AM Best has upgraded New Zealand’s Beneficial Insurance Limited (Beneficial) long-term issuer credit rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the financial strength rating (FSR) of B++ (Good).
KUALA LUMPUR, Sept 18 (Bernama) -- Property developer WM Senibong Sdn Bhd is expanding its footprint in Johor through four master-planned townships with a combined gross development value (GDV) of over RM36 billion.
