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AM Best Affirms Excellent Ratings For Sun Hung Kai Properties Insurance

KUALA LUMPUR, March 25 (Bernama) -- AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI), with a stable outlook.

AM Best Upgrades Long-Term Issuer Credit Rating Of Hanoi Re

KUALA LUMPUR, March 24 (Bernama) -- AM Best has upgraded Hanoi Reinsurance Joint Stock Corporation (Hanoi Re) long-term issuer credit rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the financial strength rating (FSR) of B++ (Good) and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional).

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.

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.

IMF Warns Prolonged Energy Price Surge Could Lift Inflation

ISTANBUL, March 20 (Bernama-Anadolu) -- The International Monetary Fund (IMF) said Thursday that a sustained rise in energy prices stemming from the war in West Asia could push global inflation higher and weigh on economic output.

PAAB Establishes Malaysia’s First Sustainable Islamic Finance Framework With Blue Finance Elements

KUALA LUMPUR, March 19 (Bernama) -- Pengurusan Aset Air Bhd (PAAB) has established Malaysia’s first sustainable Islamic finance framework that incorporates blue finance elements, with Maybank Investment Bank Bhd (Maybank IB) serving as the sole sustainability structuring adviser.

AM Best Assigns Ratings To Stronghold Insurance In Philippines

KUALA LUMPUR, March 18 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B (Fair), a long-term issuer credit rating of “bb” (Fair) and a Philippines National Scale Rating of a.PH (Excellent) to Stronghold Insurance Company Inc (Stronghold).

Ringgit Seen Moving In 3.93-3.98 Range On Oil Price Watch Next Week

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 14 (Bernama) -- The ringgit is expected to trade in a range between RM3.93 and RM3.98 next week as investors will keep a close watch on the trajectory of crude oil prices.

AM Best Downgrades Petronas Captive Insurer ENERGAS

KUALA LUMPUR, March 13 (Bernama) -- AM Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the long-term issuer credit rating to “a-” (Excellent) from “a” (Excellent) of Malaysia’s Energas Insurance (L) Limited (ENERGAS).

Gold Futures End Lower As Oil Prices Surge

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 12 (Bernama) -- Gold futures on Bursa Malaysia Derivatives continue to end lower at Thursday's closing after crude oil prices surged past US$100, which pushed short end US yields and the dollar higher.

Capital Market Masterplan 2026-2030 Differs From Past Plans As Digitalisation, AI Reshape Markets

KUALA LUMPUR, March 9 (Bernama) -- The Capital Market Masterplan (CMP) 2026-2030 differs from past plans in its scope and reassessment due to the speed of change brought by digitalisation, artificial intelligence (AI) and investor expectations.

SC Reviewing Retirement Savings Framework, May Require Legal Changes

KUALA LUMPUR, March 9 (Bernama) -- The Securities Commission (SC) is reviewing mechanisms and structures to enhance individuals’ control of their retirement savings as it aims to expand the range of retirement-focused offerings to facilitate more active management of wealth.