Malaysia To Emerge As Top Destination For Medical Tourism -- IHH Healthcare

KUALA LUMPUR, May 28 (Bernama) -- Malaysia has bright prospects in medical tourism, driven by its highly trained doctors, excellent facilities and competitive currency, said IHH Healthcare Bhd.

Peak Reinsurance North America Assigned Credit Ratings By AM Best

KUALA LUMPUR, May 28 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Bermuda’s Peak Reinsurance North America Ltd (Peak Re NA), with a stable outlook for both credit ratings (ratings).

Hong Leong Financial Group 3Q Net Profit Falls To RM714.12 Mln

KUALA LUMPUR, May 28 (Bernama) -- Hong Leong Financial Group Bhd’s (HLFG) net profit for the third quarter of its financial year ending June 30, 2025 (3Q FY2025) fell to RM714.12 million compared with RM818.07 million in the same period last year.

MNRB Holdings FY2025 Net Profit At RM394.20 Mln, Demonstrates Resilience

KUALA LUMPUR, May 27 (Bernama) -- MNRB Holdings Bhd posted a lower net profit of RM394.20 million for the financial year ended March 31, 2025 (FY2025), compared with RM433.54 million recorded in the preceding year.

Quadria Capital Closes US$1.07 Bln Fund To Drive Healthcare Investments In Asia

KUALA LUMPUR, May 27 (Bernama) -- Quadria Capital has announced the final close of its Fund III with US$1.07 billion in total commitments, significantly exceeding its original US$800 million target. (US$1=RM4.20)

Petronas Gas Expects RM60 Mln profit Impact In FY2025 Following Putra Heights Inferno

KUALA LUMPUR, May 26 (Bernama) -- Petronas Gas Bhd (PGB) is currently estimated to have a total profit impact of RM60 million for the financial year 2025 (FY2025).

AmBank Group Posts Higher FY2025 Net Profit Of RM2 Bln

KUALA LUMPUR, May 26 (Bernama) -- AMMB Holdings Bhd (AmBank Group) posted a 7.1 per cent increase in net profit to RM2.0 billion for the financial year ended March 31, 2025 (FY2025), compared to RM1.87 billion a year ago.

Maybank Net Profit At RM2.59 Bln, Driven By Corporate Banking

KUALA LUMPUR, May 26 (Bernama) -- Malayan Banking Bhd (Maybank) net profit has risen to RM2.59 billion in the first quarter ended on March 31, 2025 (1Q FY2025) from RM2.49 billion a year ago, driven by the group’s corporate banking and global markets segment.

Petronas Gas Posts Higher 1Q Profit, Declares 16 Sen Dividend

KUALA LUMPUR, May 26 (Bernama) -- Petronas Gas Bhd’s net profit for the first quarter of 2025 (1Q 2025) rose to RM468.80 million from RM456.65 million a year earlier.

Upgraded ATIGA Would Further Boost Southeast Asia’s Intra Trade - Tengku Zafrul

By Karina Imran

KUALA LUMPUR, May 25 (Bernama) -- Malaysia is hopeful the upgraded ASEAN Trade in Goods Agreement (ATIGA) will help to liberalise further the region’s financial services sector, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said.

Allianz Malaysia 1Q Net Profit Rises To RM211.69 Mln

KUALA LUMPUR, May 23 (Bernama) -- Allianz Malaysia Bhd’s net profit rose by 11.5 per cent to RM211.69 million during the first quarter ended March 31, 2025 (1Q 2025), compared to RM189.83 million in the corresponding quarter last year, mainly due to higher profit contribution from both insurance segments.

Philadelphia Insurance Companies Wins Duck Creek Award For Digital Innovation In P&C Insurance

KUALA LUMPUR, May 23 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has honoured Philadelphia Insurance Companies (PHLY) with its 2025 Standard of Excellence Customer Award at Formation ’25, held in Orlando, Florida.