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Sidra Capital Joins Malaysia's Bursa Suq Al-Sila’ To Boost Islamic Finance Reach

KUALA LUMPUR, May 19 (Bernama) -- Sidra Capital has officially become a commodity trading participant on Bursa Suq Al-Sila’ (BSAS), Malaysia’s premier Islamic commodity trading platform.

Bursa Malaysia Ends Lower In Line With Regional Markets

By Siti Radziah Hamzah

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia ended lower on Monday, mirroring the lacklustre performance across Asia as weak Chinese economic data and the recent downgrade of the United States’ sovereign credit rating weighed on regional market sentiment.

Affin Bank 1Q Net Profit Rises To RM124.09 Mln, Revenue Jumps To RM543.93 Mln

KUALA LUMPUR, May 19 (Bernama) -- Affin Bank Bhd’s net profit for the first quarter ended March 31, 2025 (1Q 2025) rose to RM124.09 million and revenue jumped to RM543.93 million compared with the same quarter last year.

AM Best Affirms Excellent Ratings For China’s Ping An P&C

KUALA LUMPUR, May 19 (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 Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.

Maybank To Support JS-SEZ And Facilitate Up To RM2.35 Bln In Client Investments

KUALA LUMPUR, May 19 (Bernama) -- Malayan Banking Bhd (Maybank) has signed a letter of intent (LOI) with the Ministry of Economy to support the Johor-Singapore Special Economic Zone (JS-SEZ) and facilitate up to RM2.35 billion in client investments over the next three to 10 years.

Bursa Malaysia Lower In Early Trade

KUALA LUMPUR, May 19 (Bernama) -- Bursa Malaysia opened lower in the early session on Monday amid a lack of fresh catalysts to boost the domestic market.

Ringgit Strengthens Against US Dollar At Opening Following Moody’s US Credit Downgrade

By Zufazlin Baharuddin

KUALA LUMPUR, May 19 (Bernama) -- The ringgit opened higher today against the US dollar buoyed by Moody’s Ratings recent downgrade of the US credit rating on concerns over rising debt.

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).

CPO Futures Snap Four-day Winning Streak on Weaker Soybean Oil Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 15 (Bernama) -- The crude palm oil (CPO) futures snapped a four-day winning streak to end lower on Thursday, weighed down by weaker soybean oil prices.

AM Best Sees Steady Performance In Philippine Non-Life Insurance Segment

KUALA LUMPUR, May 15 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook for the Philippine non-life insurance market, citing robust growth prospects, stabilised reinsurance capacity, and a favourable economic environment as key supporting factors.

AM Best Maintains Stable Outlook For Japan's Non-Life Insurance Industry

KUALA LUMPUR, May 14 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Japan’s non-life insurance industry, supported by improved profitability in the fire insurance segment and tighter regulatory oversight aimed at driving market reforms.