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Gold Futures Climb On Demand For Safe-haven Assets

KUALA LUMPUR, May 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today as investors turned to safe-haven assets despite losses on the US COMEX, an analyst said.

Rubber Market Ends Lower On Weaker Regional Cues, Crude Prices

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 16 (Bernama) -- The Malaysian rubber market ended lower on Friday, tracking weaker cues from regional rubber futures markets and benchmark crude oil prices, a dealer said.

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).

Gold Futures Close Lower, In Sync With US COMEX Trend

KUALA LUMPUR, May 15 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today, in line with losses on US COMEX.

Rubber Market Ends Lower After Four-day Rally On Weaker Oil Prices, Stronger Ringgit

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 15 (Bernama) -- The Malaysian rubber market snapped a four-day winning streak to close lower on Thursday, weighed down by losses in regional rubber futures markets, a sharp drop in crude oil prices, and the continued strengthening of the ringgit against the US dollar, said a dealer.

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.

Gold Futures Close Lower In Sync With US Comex Trend

KUALA LUMPUR, May 14 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed lower today in tandem with the losses in US COMEX, said an analyst.

Late Buying Lifts Bursa Malaysia To Close Marginally Higher

By Anas Abu Hassan

KUALA LUMPUR, May 14 (Bernama) -- Bursa Malaysia reversed earlier losses to close in positive territory today, with the benchmark index edging higher on late buying across the board, supported by above-average trading volume which reflected renewed market sentiment, an analyst said.

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.

News Analysis: US Tariffs Pose Short-Term Threat, ASEAN Resilience Will Prevail Over Long Term

KUALA LUMPUR, May 13 (Bernama-Xinhua) -- Wide-ranging unilateral tariffs imposed by the administration of the US President Donald Trump will cause short-term problems for certain sectors of the export-oriented states of the Association of Southeast Asian Nations (ASEAN) grouping, but will lose their bite over time considering the resilience of these countries, according to analysts.

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).

Netherland’s Oryx Stainless Opens New Facility In Johor

JOHOR BAHRU, May 9 (Bernama) – The Oryx Stainless Group, one of the world’s leading suppliers of recycled stainless steel raw materials headquartered in the Netherlands, has opened a new facility in Johor.