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OCK Group Sees Minimal Disruption To Myanmar Ops Following Recent Earthquake

KUALA LUMPUR, April 2 (Bernama) -- OCK Group Bhd does not anticipate any major long-term impact on its operations or business performance in Myanmar following the magnitude 7.7 earthquake that struck last Friday.

AM Best Affirms Strong Credit Ratings For Taiwan's Nan Shan General

KUALA LUMPUR, April 2 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) for Taiwan’s Nan Shan General Insurance Co Ltd (Nan Shan General), with a stable outlook.

SBC Medical Faces Q4 Challenges But Achieves Full-Year Growth

KUALA LUMPUR, April 2 (Bernama) -- SBC Medical Group Holdings Incorporated (SBC Medical), a global owner, operator and provider of management services and products to cosmetic treatment centres, reported a mixed performance with a decline in quarterly figures but a notable increase in annual revenues.

LTAT’s Strong Financial Performance Reflects Effective Management, Say Economists

KUALA LUMPUR, March 28 (Bernama) -- The Armed Forces Fund Board (LTAT) has demonstrated strong financial performance, highlighted by its highest dividend payout in seven years that reflected its effective management capabilities, said economists.

Muhibbah Unit Acquires 12.52 Mln Shares Of Master-pack Group for RM54.65 Mln 

KUALA LUMPUR, March 27 (Bernama) -- Muhibbah Engineering (M) Bhd’s (MEB) wholly-owned subsidiary, ITS Konsortium Sdn Bhd (ITSK), has acquired 12.52 million ordinary shares in Master-Pack Group Bhd (MPGB) for RM54.65 million. 

Mongolian Mining Hits Record US$1.0399 Bln Revenue For  FY2024

KUALA LUMPUR, March 25 (Bernama) -- Mongolian Mining Corporation (MMC) reported its financial results for the year ending Dec 31, 2024 (FY2024) with record-high revenue of US$1.0399 billion, slightly up from US$1.038 billion in 2023. (US$1=RM4.43)

Deepseek AI Model Seen As Credit Neutral For China’s Insurance Sector - AM Best 

KUALA LUMPUR, March 24 (Bernama) -- The adoption of the artificial intelligence (AI) model DeepSeek among mainland China’s insurance companies could help small to medium-sized insurers enhance their operational efficiency, according to global credit rating agency AM Best.

Axiata Shareholders Approve XL Axiata-Smartfren Merger

KUALA LUMPUR, March 24 (Bernama) -- Axiata Group Bhd’s shareholders have approved the proposed merger between PT XL Axiata (XL Axiata) and PT Smartfren Telecom Tbk (Smartfren).

Investment Banks Positive On Top Glove Amid Expected Sales Growth As Inventory Depletes

KUALA LUMPUR, March 21 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has upgraded Top Glove Corporation Bhd to a ‘buy’ call from a ‘sell’ call, citing potential improvements in sales volumes by June, the fourth quarter of the financial year 2025 (4Q FY2025), as United States (US) customers’ inventory levels are fully depleted.

Vietnam’s PVI Insurance Rated Exceptional - AM Best 

KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, 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 (NSR) of aaa.VN (Exceptional) of PVI Insurance Corporation (PVI Insurance), with a stable outlook.

Eco World Records Net Profit Of RM80.34 Mln In 1Q

KUALA LUMPUR, March 20 (Bernama) -- Eco World Development Group Bhd has recorded a net profit of RM80.34 million in the first quarter (1Q) ended Jan 31, 2025, from RM69.63 million in the same period last year.