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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.

General Insurance Industry Remains On A Steady Growth Path -- PIAM

KUALA LUMPUR, April 29 (Bernama) -- Malaysia’s General Insurance (GI) industry remains on a steady growth path despite external uncertainties and inflationary costs, said the General Insurance Association of Malaysia (PIAM).

Tower’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.

Astro's BIZone Rewards Campaign: RM3 Mln To Multiply Business Potential

KUALA LUMPUR, April 23 (Bernama) -- Astro strengthens its position this year with the launch of the BIZone Rewards campaign, an initiative specially designed to help food and beverage (F&B) businesses become more appealing, thereby increasing customer traffic, enhancing their image, and boosting their brand value.

Putra Heights Incident: Comprehensive Home Insurance Matters In Unforeseen Disasters

KUALA LUMPUR, April 20 (Bernama) -- The gas explosion incident at Putra Heights, which destroyed scores of homes, serves as a stark reminder for homeowners to seriously consider insuring their houses as well as the contents inside their homes to mitigate losses from such unforeseen calamities.

US Tariffs: A Self-inflicted Wound With Global Consequences

By Sukudhew (Sukhdave) Singh

KUALA LUMPUR, April 6 (Bernama) -- The United States’ (US) sweeping tariffs, and the inevitable retaliatory measures, are a dangerous and misguided approach to trade.
 

Astro Net Profit Surges Over Threefold To RM129.15 Mln In FY2025

KUALA LUMPUR, March 25 (Bernama) -- Astro Malaysia Holdings Bhd’s net profit for the financial year ended Jan 31, 2025 (FY2025) surged over threefold to RM129.15 million from RM36.88 million in the previous year. 

Labuan Waterfront Development To Spur Economic Growth

By Jailani Hasan

LABUAN, March 21 (Bernama) -- The proposed Labuan’s Phase 1 Waterfront development is set to drive economic growth and provide significant spillover benefits to the island, according to Universiti Malaysia Sabah (UMS) Assoc Prof Dr Romzi Ationg.

Labuan's RM38 Mln Waterfront Revamp Set To Boost Economy, Tourism

LABUAN, March 15 (Bernama) -- Labuan, the Malaysian international business and financial hub, is set for a significant transformation with the proposed RM38 million Waterfront Development Project (Phase 1) to generate economic benefits and enhance tourism offerings in the island federal territory.

Salience Labs Raises US$30 Mln In Series A To Advance Optical Switches For AI Data Centres

KUALA LUMPUR, Feb 7 (Bernama) -- Salience Labs Limited, a leader in photonic solutions for artificial intelligence (AI) data centre infrastructure, has secured US$30 million in Series A funding. (US$1=RM4.42)

Canada-in-Asia Conference In Singapore To Focus On Key Sectors, Partnerships

KUALA LUMPUR, Feb 3 (Bernama) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada are set to host the third annual Canada-in-Asia Conference (CIAC2025) from Feb 19 to 21, at the Raffles City Convention Centre in Singapore. 

Business Interruption Remains Top Concern For Business Risks In Malaysia In 2025 - Allianz

KUALA LUMPUR, Jan 16 (Bernama) -- Business interruption remains the top concern for business risks in Malaysia this year, alongside fire and explosion, as well as changes in legislation and regulation, according to the Allianz Risk Barometer 2025 report.