11m ago
KUALA LUMPUR, Feb 24 (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) of Nepal’s Himalayan Reinsurance Limited (Himalayan Re), maintaining a stable outlook.
11m ago
KUALA LUMPUR, Feb 18 (Bernama) -- The International Islamic Liquidity Management Corp (IILM) has completed the reissuance and issuance of an aggregate of US$710 million (US$1=RM4.440) short-term sukuk, spread across two different tenors: one-month and three-month maturities.
11m ago
KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).
1y ago
KUALA LUMPUR, Jan 25 (Bernama) -- Moody’s Ratings (Moody’s) has reaffirmed Malaysia’s sovereign credit rating at “A3” with a “stable” outlook while declaring that Malaysia’s medium-term growth prospects remain buoyant.
1y ago
KUALA LUMPUR, Jan 24 (Bernama) -- LBS Bina Group Bhd (LBGB) has issued its second tranche of Sustainability Sukuk Wakalah, amounting to RM400 million in nominal value, under its Sukuk Wakalah Programme.
1y ago
KUALA LUMPUR, Jan 22 (Bernama) -- The global environmental, social and governance (ESG) sukuk market is set to surpass US$50 billion (US$1=RM4.46) outstanding in 2025, according to Fitch Ratings.
1y ago
KUALA LUMPUR, Jan 21 (Bernama) -- RAM Ratings expects corporate bond issuance to remain healthy at RM110 billion-RM120 billion in 2025, supported by infrastructure financing and businesses' funding needs.
1y ago
KUALA LUMPUR, Jan 16 (Bernama) -- A gradual salary increase will not lead to excessive inflationary pressures, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said.
1y ago
KUALA LUMPUR, Jan 16 (Bernama) -- AM Best Executive Vice President and Chief Strategy Officer, Andrea Keenan, is set to deliver a presentation titled “Innovation is in Insurance’s DNA” at the 18th India Rendezvous, scheduled for Jan 20 to 22 at the JW Marriott Mumbai Juhu in Mumbai, India.
1y ago
KUALA LUMPUR, Jan 14 (Bernama) -- Gamuda Bhd’s share price on Bursa Malaysia was higher at mid-morning after its consortium was appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit (LRT) project.
1y ago
KUALA LUMPUR, Jan 13 (Bernama) -- Crude palm oil (CPO) prices are expected to remain elevated in the first half of 2025 (1H 2025), trading between RM4,400 and RM4,800 per tonne, before moderating in the second half (2H 2025) to MYR4,000-RM4,400 per tonne during the seasonal peak.
1y ago
KUALA LUMPUR, Dec 20 (Bernama) -- Malaysian Rating Corporation Bhd (MARC Ratings) anticipates the palm oil market to continue to face significant uncertainties heading into 2025, with supply-side challenges exacerbated by adverse weather conditions and a slower replanting pace.