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Hextar's Associate Company Wins RM427.50 Mln Contract

KUALA LUMPUR, May 16 (Bernama) -- Hextar Capital Bhd’s (HCB) associate company Transgrid Ventures Sdn Bhd (TGV) has won a RM427.50 million Tenaga Nasional Bhd (TNB) contract to establish a transmission main intake (PMU) 500/275 kilovolt (kV) gas-insulated substation (GIS) in Gurun East, Kedah.

Main Market-bound Paradigm REIT Aims To Raise RM560 Mln From IPO

PETALING JAYA, May 16 (Bernama) -- Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO).

Pinnacle Life Receives Positive Credit Ratings From AM Best

KUALA LUMPUR, May 16 (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 New Zealand’s Pinnacle Life Limited (Pinnacle Life).

Asuransi Tokio Marine Indonesia’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, May 16 (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 PT Asuransi Tokio Marine Indonesia (TMI).

Nextgreen Global Enters Libyan Market With Oil Palm Biomass-Based Fertilisers

KUALA LUMPUR, May 13 (Bernama) -- Nextgreen Global Bhd (NGGB), through its wholly-owned subsidiary, Nextgreen Fertilizer Sdn Bhd, is bringing its oil palm biomass-based fertiliser products into the Libyan market.

AM Best Cites Underwriting Volatility In Korea P&I Club's Outlook Revision

KUALA LUMPUR, May 13 (Bernama) -- AM Best has revised the outlook to negative from stable for the long-term issuer credit rating (Long-Term ICR) and affirmed the financial strength rating (FSR) of B++ (Good) and the long-term ICR of “bbb+” (Good) of Korea P&I Club (KP&I).

AM Best Affirms Vietnam National Reinsurance Corporation Credit Ratings 

KUALA LUMPUR, May 9 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb+” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional) of Vietnam National Reinsurance Corporation (VINARE), with a stable outlook.

Cambridge Remains Unfazed As US Slashes Tariffs On UK Cars, Steel

CAMBRIDGE, May 9 (Bernama) -- The United States (US) has reduced tariffs on British cars and steel, making headlines across the United Kingdom (UK) on Thursday (May 8).

BNM's International Reserves Rise To US$118.7 Bln As At April 30

KUALA LUMPUR, May 8 (Bernama) -- Malaysia’s international reserves expanded to US$118.70 billion as at April 30, 2025, from US$118.40 billion on April 15, 2025, according to Bank Negara Malaysia (BNM).

Nuren Group Plans Nasdaq IPO, Engages ZICO Evolve Capital As Financial Advisor

KUALA LUMPUR, May 5 (Bernama) -- Malaysia-based technology company Nuren Group Ltd (Nuren) plans to list on the Nasdaq Stock Exchange in the United States (US).

Capital A Explores Potential Listing On HKEX For Broader Global Growth

KUALA LUMPUR, May 2 (Bernama) -- Capital A Bhd is actively exploring a potential listing on the Hong Kong Stock Exchange (HKEX) as part of its strategy to broaden access to global capital markets and position its ecosystem of digital and aviation services businesses for the next phase of growth.

Capital A On Track To Complete Regularisation, Restructuring Plan By June

KUALA LUMPUR, May 2 (Bernama) -- Capital A Bhd is on track to complete its proposed regularisation and restructuring plan by June 2025, citing continued progress across key regulatory, financial and operational milestones.