AM Best Affirms Mongolian Re Credit Ratings
KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).
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AM Best Affirms Excellent Ratings For Hong Kong’s China Taiping Insurance
KUALA LUMPUR, Dec 5 (Bernama) -- Global credit rating agency, AM Best has affirmed Hong Kong’s China Taiping Insurance (HK) Company Limited [CTPI (HK)] financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
AM Best: Hong Kong Fire To Hit Reinsurers, Pressure Property Treaty Terms
KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.
MoneyHero, InsureMO Partner To Boost Digital Insurance In Philippines
KUALA LUMPUR, Nov 25 (Bernama) -- MoneyHero Limited, a tech- and artificial intelligence (AI)-powered personal finance platform and digital insurance brokerage in Greater Southeast Asia, has entered a strategic partnership with InsureMO to expand digital insurance offerings in the Philippines through its local brand, Moneymax.
Govt Expands Consolidated e-Invoice Prohibition To Power, Telecom Industries
KUALA LUMPUR, Nov 24 (Bernama) -- Consolidated e-Invoices will not be permitted to be issued for business transactions valued at over RM10,000 as well as by the electric power and telecommunications industries starting Jan 1, 2026.
Boomi Unveils 2025 APAC Customer Innovation Award Winners In Sydney
KUALA LUMPUR, Nov 17 (Bernama) -- Boomi, the leader of artificial intelligence (AI)-driven automation solutions, has announced the winners of its 2025 Asia Pacific (APAC) Customer Innovation Awards, recognised during the Boomi World Tour event held in Sydney.
AM Best Revises Outlook On ZhongAn To Positive
KUALA LUMPUR, Nov 14 (Bernama) -- Global credit rating agency, AM Best has revised the outlooks on China’s ZhongAn Online P&C Insurance Co Ltd (ZhongAn) to positive from stable while affirming its financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent).
Mitsubishi Electric To Transfer Motor, Industrial Units To EBARA In 2026
KUALA LUMPUR, Nov 14 (Bernama) -- Mitsubishi Electric has agreed to transfer several key motor and industrial equipment businesses to EBARA Corporation, which marks a major reorganisation of its manufacturing portfolio.
Moratorium On Raw REE Export Aimed At Supporting Midstream Industry Development - NRES
KUALA LUMPUR, Nov 13 (Bernama) -- The government has decided to impose a moratorium on the export of raw rare-earth elements (REE) for a short-term phase from 2025 to 2027 to support the development of the midstream industry.
Over RM26 Bln Collected In Duties On Vehicles And Spare Parts For 2022-2024
KUALA LUMPUR, Nov 12 (Bernama) -- The total collection of import and excise duties on motor vehicles and motor vehicle spare parts for the period 2022 to 2024 amounted to RM26.47 billion, according to the Ministry of Finance (MOF).
Huayan Robotics To Showcase Next-Gen Collaborative Solutions At METALEX 2025
KUALA LUMPUR, Nov 12 (Bernama) -- Huayan Robotics, an established innovator in collaborative robotic technology, will showcase its latest industrial automation solutions at METALEX 2025, Southeast Asia’s premier metalworking and machine tool exhibition, from Nov 19 to 22 at the Bangkok International Trade and Exhibition Centre (BITEC).
Ramssol Enters Indonesia EV Market Through Bike Leasing Partnership
KUALA LUMPUR, Nov 10 (Bernama) -- Ramssol Group Bhd’s indirect subsidiary, PT Rider Gate Indonesia, has signed a cooperation agreement with PT Smoot Motor Indonesia and PT Swap Energi Indonesia to launch an integrated electric vehicle (EV) bike leasing ecosystem in Indonesia.