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KUALA LUMPUR, Dec 12 (Bernama) -- AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term issuer credit rating (Long-Term ICR) of “bbb+” (Good) of The New India Assurance Company Limited (New India).
KUALA LUMPUR, Dec 11 (Bernama) -- Uni-Fuels Holdings Limited, a Singapore-based global provider of marine fuel solutions, has announced that its wholly-owned subsidiary, Uni-Fuels Pte Ltd (Uni-Fuels Singapore), has received a Letter of Award (LOA) for a three-year marine fuel supply contract.
KUALA LUMPUR, Dec 11 (Bernama) -- Global credit rating agency, AM Best has affirmed Malaysia’s Lonpac Insurance Bhd (Lonpac) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent).
KUALA LUMPUR, Dec 10 (Bernama) -- ChemOne Group (ChemOne) has appointed Datuk Seri Mohamed Nazri Abdul Aziz as a Board Member of Pengerang Energy Complex Sdn Bhd (PEC) and Advisor to the Group, strengthening ChemOne’s leadership capabilities and strategic direction.
KUALA LUMPUR, Dec 10 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) for New Zealand’s Provident Insurance Corporation Limited (PICL), with a stable outlook on these credit ratings (ratings).
KUALA LUMPUR, Dec 10 (Bernama) -- AM Best has affirmed PT Asuransi Tugu Pratama Indonesia Tbk (TUGU)’s financial strength rating (FSR) of A- (Excellent) and the long-term issuer credit rating (Long-Term ICR) of “a-” (Excellent), while revising the outlooks from negative to stable.
From Kisho Kumari Sucedaram
GENEVA, Dec 9 (Bernama) -- A weaker US dollar is expected to benefit non-US dollar-based airlines’ profitability and margins by reducing US dollar-denominated costs such as fuel, aircraft leases and maintenance, said the International Air Transport Association (IATA).
From Kisho Kumari Sucedaram
GENEVA, Dec 9 (Bernama) -- Global airlines are expected to set a new record of a combined total net profit of US$41 billion (US$1=RM4.11) in 2026, up from US$39.5 billion this year, while the net profit margin is expected to remain unchanged from 2025 at 3.9 per cent.
By Jailani Hasan
LABUAN, Dec 9 (Bernama) -- Labuan’s port operator, Megah Port Management Sdn Bhd (MPM), said it is open to forging collaborative efforts with Langkawi Port Sdn Bhd (LPSB), particularly in exchanging expertise and best practices in port management.
By K. Naveen Prabu and Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Dec 9 (Bernama) -- Exempting companies with annual revenue of below RM1 million from implementing e-invoicing will ease administrative pressure on small and medium enterprises (SMEs) and allow them to focus on their core business activities, said an economist.
KUALA LUMPUR, Dec 9 (Bernama) -- Acronis, a global leader in cybersecurity and data protection, has partnered with Synology to enhance customer data security, enabling users to perform full-system computer backups while maintaining complete ownership of their data.
KUALA LUMPUR, Dec 9 (Bernama) -- Mavenir has announced a strengthened senior leadership team and a new operating structure as the company accelerates its shift toward telco-first, cloud-native, artificial intelligence (AI)-by-design networks following its recent recapitalisation.
