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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).

Curia Expands Glasgow Facility, Enhances Biologics Platform

KUALA LUMPUR, March 24 (Bernama) -- Curia, a contract research, development and manufacturing organisation, announced progress on the expansion of its sterile drug product facility in Glasgow, United Kingdom, alongside enhancements to its proprietary cell line development (CLD) platform.

​AM Best Affirms Australia’s Pacific Credit Ratings 

KUALA LUMPUR, March 24 (Bernama) -- AM Best has affirmed Australia’s Pacific International Insurance Pty Limited (Pacific) financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good), 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.

Labuan Freight Forwarders Association Optimistic Over Megah Port’s Performance

LABUAN, March 18 (Bernama) -- The Labuan Freight Forwarders Association (LFFA) has expressed optimism over the performance of Megah Port Management Sdn Bhd (MPM) in managing and handling operations at Labuan Port.

CompAsia Targets RM400 Mln-500 Mln Main Market IPO In 1H 2027

By Niam Seet Wei

KUALA LUMPUR, March 17 (Bernama) -- Integrated refurbished technology leader CompAsia Sdn Bhd is set to launch its Main Market initial public offering (IPO) on Bursa Malaysia in the first half of 2027 (1H 2027), aiming to raise around RM400 million to RM500 million, with a valuation of about RM2 billion.

Megah Port Management, Labuan Port Authority Ink Agreements To Boost Port Operations

KUALA LUMPUR, March 17 (Bernama) -- Megah Port Management Sdn Bhd (MPM) and the Labuan Port Authority (LPA) today signed the operation, facility and management continuation agreement and the leasing agreement aimed at further strengthening port operations and maritime services on this duty-free island.

Smiths Detection Sells 2,000th HI-SCAN 6040 CTiX Scanner

KUALA LUMPUR, 12 March (Bernama) -- Smiths Detection has announced the sale of its 2,000th HI-SCAN 6040 CTiX, a 3D X-ray scanner designed to enhance aviation security screening through high-resolution computed tomography images and artificial intelligence (AI)-driven automatic detection.

Asia's Processing, Packaging Industry To Grow On F&B Demand This Year -- Informa Markets

BANGKOK, March 6 (Bernama) -- The processing and packaging industry across Asia is expected to see continued growth this year, particularly driven by increasing demand from the food and beverage (F&B) sector and expanding manufacturing activities across the region.

GE Aerospace Ramps Up APAC Investment, Malaysia As MRO Growth Hub

By Kisho Kumari Sucedaram

 

KUALA LUMPUR, March 4 (Bernama) -- GE Aerospace has accelerated investments in Asia Pacific (APAC) with Malaysia as the cornerstone for its regional maintenance, repair and overhaul (MRO) expansion strategy, as the aerospace major prepares for sustained growth in post-pandemic air travel demand.

Tune Talk Achieves ASEAN‑first Cloud‑native Core Deployment

KUALA LUMPUR, March 3 (Bernama) -- Tune Talk has become the first telecommunications company (telco) in ASEAN to deploy a cloud-native core technology at scale after the successful completion of phase 1 of its Cloud Core Network Modernisation in partnership with Nokia.

Synchronoss, Telkomsel Expand Personal Cloud Services Partnership

KUALA LUMPUR, March 3 (Bernama) -- Synchronoss Technologies Inc (Synchronoss), a global leader and innovator in personal cloud platforms, has announced the continued expansion of its partnership with Telkomsel, as the two companies move to extend personal cloud services to more mobile subscribers in Indonesia.