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AM Best Affirms Fubon Vietnam's Credit Ratings With Stable Outlook 

KUALA LUMPUR, Nov 14 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Fubon Insurance Vietnam Co Ltd (Fubon Vietnam), with all credit ratings (ratings) carrying a stable outlook.

SBC Medical To Acquire Waqoo, Boosting R&D And Clinical Services

KUALA LUMPUR, Nov 14 (Bernama) -- SBC Medical Group Holdings Inc (SBC Medical), a global provider of consulting and management services for medical corporations, announced that its Japanese subsidiary, SBC Medical Group Co Ltd, will launch a tender offer to acquire shares of Waqoo Inc, listed on the Tokyo Stock Exchange Growth Market.

Mitsubishi Electric To Transfer Motor, Industrial Units To EBARA In 2026

KUALA LUMPUR, Nov 14 (Bernama) -- Mitsubishi Electric has agreed to transfer several key motor and industrial equipment businesses to EBARA Corporation, which marks a major reorganisation of its manufacturing portfolio.

Sarawak Timber, Media Tycoon Tiong Hiew King Passes Away

KUALA LUMPUR, Nov 11 (Bernama) -- Sarawak timber and media tycoon Tan Sri Tiong Hiew King passed away today at the age of 90.

Khazanah-China Rare Earth Investment Should Be Accelerated – PM Anwar

KUALA LUMPUR, Nov 11 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim has urged that Khazanah Nasional Bhd (Khazanah) accelerate its investment with China in rare earth element (REE) development to capitalise on the sector’s potential and ensure balanced regional development.

Maybank Facilitates RM15 Bln Financing And Investments In JS-SEZ

KUALA LUMPUR, Nov 10 (Bernama) -- Malayan Banking Bhd (Maybank) has facilitated more than RM15 billion into the Johor-Singapore Special Economic Zone (JS-SEZ), comprising RM10 billion in committed financing and up to RM5.35 billion in investment interests via letters of intent (LOIs) from clients.

Petronas Unit Receives Malaysia’s First Offshore CCS Assessment Permit

KUALA LUMPUR, Nov 10 (Bernama) -- Petronas’ wholly-owned subsidiary, Petronas CCS Ventures Sdn Bhd (PCCSV) has been granted an offshore assessment permit for Carbon Capture and Storage (CCS) for the Duyong area by the Malaysia Carbon Capture, Utilisation, and Storage (MyCCUS) Agency.

Oriental To Acquire Three Hotels, To Reposition Under The Ascott

KUALA LUMPUR, Nov 8 (Bernama) -- Oriental Holdings Bhd (OHB) and its subsidiaries (collectively, OHB Group) intend to acquire Bayview Beach Resort Penang, Bayview Hotel Georgetown and Bayview Hotel Langkawi.

Malaysia, China In Talks On Forming SPV To Undertake Rail Industry Project

KUALA LUMPUR, Nov 5 (Bernama) -- Bilateral discussions are ongoing between Malaysia and China to form a special-purpose vehicle (SPV) responsible for undertaking the rail industry empowerment programme via a passenger train leasing arrangement, the Transport Ministry said.

Petronas Inks 20-year Deal With Canada's Pembina For Cedar LNG Capacity

KUALA LUMPUR, Nov 5 (Bernama) -- Petroliam Nasional Bhd (Petronas) and Canada’s Pembina Pipeline Corporation have signed a 20-year agreement for 1.0 million tonnes per annum (mtpa) liquefaction capacity at the Cedar Liquefied Natural Gas (LNG) facility through their subsidiaries.

Lendlease REIT To Acquire 70 Pct Stake In PLQ Mall, Expanding Singapore Suburban Retail Portfolio

KUALA LUMPUR, Nov 5 (Bernama) -- Lendlease Global Commercial REIT (Lendlease REIT) is set to acquire a 70 per cent indirect interest in PLQ Mall in Singapore, reinforcing its strategy to grow its suburban retail footprint and deliver steady, recurring income for unitholders.

UUE Unit Wins RM67.3 Mln Power Cable Contract In Singapore

KUALA LUMPUR, Nov 4 (Bernama) -- UUE Holdings Bhd’s wholly-owned subsidiary, Konnection Engineering Pte Ltd, has secured a RM67.3 million contract from Wee Guan Construction Pte Ltd, marking its largest order win in Singapore to date.