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BUSINESS News List

 
 

RAM Ratings reaffirms AAA/stable/P1 rating of Etiqa General Insurance Bhd

KUALA LUMPUR, June 21 (Bernama) -- RAM Ratings has reaffirmed the AAA/stable/P1 insurer financial strength (IFS) ratings of Etiqa General Insurance Bhd's (EGIB) and the AA1/stable rating of its RM500 million subordinated Bonds (2013/2023).

 

RAM Ratings reaffirms Tune Protect Group's ratings

KUALA LUMPUR, June 21 (Bernama) -- RAM Ratings has reaffirmed Tune Protect Group Bhd's A1/Stable/P1 corporate credit ratings.

 

Zurich Malaysia's protection plans from as low as RM75 monthly

KUALA LUMPUR, June 21 (Bernama) -- Zurich Malaysia, via Zurich Life Insurance Malaysia Berhad and Zurich Takaful Malaysia Berhad, recently introduced two new life protection plans that offer customers affordable coverage from as low as RM75 a month.

 

Sunway Group sees 10 per cent revenue, profit growth in FY18

PETALING JAYA, June 21 (Bernama) -- Sunway Bhd expects a 10 per cent growth in revenue and profits for the financial year ending Dec 31, 2018 (FY18), driven by improvement reported by most divisions.

 

NGINX raises US$43 million for enterprises digital transformation

KUALA LUMPUR, June 21 (Bernama) -- NGINX Inc has raised US$43 million (RM172.66 million) in Series C funding, led by Goldman Sachs Growth Equity (GS Growth) to help enterprises move to microservices - a modern approach to application development.

 

Investors urged to focus on region's long-term growth prospects

KUALA LUMPUR, June 21 (Bernama) -- Investors are urged to look beyond the short-term noise in the market and focus on Asia's long-term growth prospects, which are still expected to outshine developed economies, said Maybank Kim Eng Chief Executive Officer Datuk John Chong.

 

Aeon Credit doubles FY19 capex to RM120 million

KUALA LUMPUR, June 21 (Bernama) -- Aeon Credit Service (M) Bhd has doubled its capital expenditure (capex) allocation to RM120 million for the financial year ending Feb 28, 2019 (FY19) from previously.