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AM Best Maintains Stable Outlook On China's Non-life Insurance Segment

KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle (EV) insurance market.

BNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global Conditions

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the US Federal Reserve’s (Fed) aggressive move which slashed interest rates by a half-point during its Federal Open Market Committee (FOMC) meeting yesterday.

HDC Studies New Incentives To Boost Foreign Investments In Halal Industry

KUALA LUMPUR, Sept 18 (Bernama) -- The Halal Development Corporation (HDC), in collaboration with the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), is studying and formulating new incentives to boost foreign investment in the halal industry.

Rubber Market Ends Mixed In Tandem With Regional Futures

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 18 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Wednesday in tandem with regional rubber futures markets as strong United States (US) economic data weakened prospects of an aggressive US interest rate cut, said a dealer.

Malaysia To Expand Recognition Of JAKIM’s Halal Certification Through Halal Diplomacy - Ahmad Zahid

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia planned to expand the recognition of the halal certification issued by the Department of Islamic Development Malaysia (JAKIM) from more countries through diplomatic halal cooperation, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

Malaysia Achieves 43 Pct Of SDG Indicators, Far Beyond The World Average - PM Anwar

KUALA LUMPUR, Sept 17 (Bernama) -- Malaysia has achieved 43 per cent of all 248 indicators of the latest Sustainable Development Goals (SDGs), far above the world average of 17 per cent, said Prime Minister Datuk Seri Anwar Ibrahim.

Taiwan’s Non-life Insurance Segment Outlook Revised To Stable - AM Best

KUALA LUMPUR, Sept 17 (Bernama) -- Global credit rating agency, AM Best has revised its outlook on Taiwan’s non-life insurance segment to stable from negative, citing a recovery of capital strength among carriers in 2023 following sizeable pandemic-related losses in the previous year.

Penang State Govt To Continue To Attract Investors

GEORGE TOWN, Sept 16 (Bernama) -- The Penang State Government will continue to promote the state’s industrial sector to attract investors to set up factories in Batu Kawan Industrial Park 3 (BKIP 3) and Casia City Technology Park (BCTP) in Batu Kawan near here.

ALPS Global Aims To Raise US$100 Mln Via Nasdaq IPO

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Sept 15 (Bernama) – Integrated biotech group ALPS Global Holding Bhd, which is en route to a Nasdaq listing in the fourth quarter of 2024, aims to raise US$100 million to fund its expansion, clinical studies, and manufacturing plant.

Berjaya Langkawi Resort Unveils Chartered Flight Package, Targets 80-100 Pct Load Factor By November

LANGKAWI, Sept 14 (Bernama) -- Berjaya Langkawi Resort has introduced a private chartered flight as part of its island holiday package, offering resort guests the convenience of flying directly from Subang SkyPark Terminal to Langkawi International Airport.

Investing In Haicang, Xiamen: A Foreign Enterprise Growth

KUALA LUMPUR, Sept 13 (Bernama) -- Foreign company Lifetime (Xiamen) Plastic Products Co Ltd (Lifetime), recently announced it will increase its annual capacity by 6.5 million pieces of multifunctional leisure products made with high-tech materials in Haicang District, Xiamen.

Proton's Maiden EV Undergoes Extensive On-Road Testing

KUALA LUMPUR, Sept 13 (Bernama) -- Proton New Energy Technology Sdn Bhd (PRO-NET) has launched an extensive local testing phase for the national car maker’s maiden electric vehicle (EV), the Proton e.MAS 7.