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AM Best Affirms PVI Insurance’s Top-Tier Ratings

KUALA LUMPUR, March 24 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent), the long-term issuer credit rating of “a-” (Excellent), and the Vietnam National Scale Rating of aaa.VN (Exceptional) for PVI Insurance Corporation (PVI Insurance), with a stable outlook.

​AM Best Affirms Australia’s Pacific Credit Ratings 

KUALA LUMPUR, March 24 (Bernama) -- AM Best has affirmed Australia’s Pacific International Insurance Pty Limited (Pacific) financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good), with a stable outlook.

Malaysia Must Emerge As A Credible Alternative As Investors Reassess Risk - Tengku Zafrul

KUALA LUMPUR, March 24 (Bernama) -- Malaysia must position itself as a credible and compelling alternative as global investors reassess risk amid the crisis in West Asia, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.

Bursa Malaysia Remains Lower At Midday

KUALA LUMPUR, March 24 (Bernama) -- Bursa Malaysia remained lower at midday, weighed down by persistent selling in selected heavyweight stocks, led by the industrial products and services, financial services and transportation and logistics sectors.

China Taiping Insurance (Macau) Affirmed Excellent Ratings By AM Best

KUALA LUMPUR, March 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM), with a stable outlook.

US Stocks Rebound As Trump Claims "Productive" US-Iran Talks

NEW YORK, March 24 (Bernama-Xinhua) -- US stocks saw solid growth on Monday as reports of potential diplomatic progress in the Middle East sparked a sharp pullback in oil prices and revived investor risk appetite, reported Xinhua.

Industry Confident PTV 3.0 Insurance Uptake Will Continue After Campaign Ends

By K. Naveen Prabu

KUALA LUMPUR, March 24 (Bernama) -- The insurance and takaful industry is optimistic that recipients of the Perlindungan Tenang Voucher (PTV) 3.0 programme will continue to pursue insurance coverage even after the campaign period.

Foreign Investors Record US$12.13 Bln Outflow Across Eight Asian Markets Last Week

KUALA LUMPUR, March 24 (Bernama) -- Foreign investors extended a five-week streak of net selling across eight Asian markets, with net outflows totalling US$12.13 billion, according to MBSB Investment Bank Bhd.

OSV Operators Set To Gain As Oil Firms Shift Focus From West Asia

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, March 24 (Bernama) – The decision by oil companies to shift away from West Asia and support offshore crude oil exploration in Southeast Asia could potentially benefit offshore support vessel (OSV) operators.

Bursa Malaysia Opens Higher On Wall St Gains After Trump Delays Strike On Iran Power Grid

KUALA LUMPUR, March 24 (Bernama) -- Bursa Malaysia opened higher on Tuesday, in tandem with overnight gains on Wall St after US President Donald Trump extended an ultimatum to strike Iranian power plants and infrastructure. 

Trash To Treasure: Kompostri's Mission To Cut Food Waste

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, March 24 (Bernama) -- Tonnes of food waste end up in Malaysia’s landfills every day, much of it still edible. The problem becomes even more pronounced during festive seasons such as Ramadan, when large volumes of food are prepared but not always consumed.

Embracing Risk-sharing Business Will Be Game Changer For Malaysia’s Robust Islamic Banking Sector – Economists

By Karina Imran

KUALA LUMPUR, March 23 (Bernama) -- Intense demand coupled with the wider acceptance of shariah-compliant financial products will continue expanding Islamic banking in Malaysia despite stiff competition from the conventional sector, an economist said today.