George Kent Issues RM80 Mln Sukuk

KUALA LUMPUR, March 27 (Bernama) -- George Kent (Malaysia) Bhd has announced its issuance of sukuk amounting to RM80.0 million in nominal value pursuant to its sukuk wakalah programme.

AM Best Affirms Excellent Ratings Of Nan Shan General

KUALA LUMPUR, March 27 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Taiwan’s Nan Shan General Insurance Co Ltd (Nan Shan General), with a stable outlook.

Ringgit Opens Higher On Pragmatic Fuel Subsidy Approach

By Danni Haizal Danial Donald

KUALA LUMPUR, March 27 (Bernama) -- The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.

Wah Seng Centre First Warehouse In Malaysia To Get GreenRE Platinum Certification

IPOH, March 26 (Bernama) -- The Wah Seng (1986) Distribution Centre, located in Taman Maju Rapat here, is the first warehouse in the country to receive the GreenRE Platinum certification.

Move To Adjust BUDI95 Quota Temporarily A Reasonable Step To Reduce Subsidy Payout, Govt Spending

By Mikhail Raj Abdullah

KUALA LUMPUR, March 26 (Bernama) -- Malaysians should accept the government’s temporary adjustment of the monthly subsidised BUDI95 quota to 200 litres from 300 litres per month effective April, as a reasonable step to reduce fuel subsidy spending and one that is necessary due to escalating crude oil prices.

Madani Govt Taking Pragmatic Approach On fuel Subsidies Amid Ongoing West Asia Conflict 

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, March 26 (Bernama) -- The Malaysian government, under Prime Minister Datuk Seri Anwar Ibrahim’s leadership, is seen to be handling the current surge in oil prices wisely through various measures despite the West Asia conflict entering its fourth week with no signs of easing.

GasEntec Appoints Manoj Narender Madnani As President

KUALA LUMPUR, March 26 (Bernama) -- GasEntec, the global modular Liquefied Natural Gas (LNG) technology and infrastructure platform, has announced the appointment of Manoj Narender Madnani as its President.

HKIA’s Proposed Capital Changes Could Boost Hong Kong’s Reinsurance Market - AM Best

KUALA LUMPUR, March 26 (Bernama) -- The Hong Kong Insurance Authority’s (HKIA) proposed changes to how non-life insurers’ required capital levels are evaluated for natural catastrophes, man-made risks, and offshore reinsurance could strengthen Hong Kong’s position as a global reinsurance and risk management hub, according to a new AM Best report.

Digital Realty Powers Samsung Electronics IT Operations In Seoul

KUALA LUMPUR, March 26 (Bernama) -- Digital Realty, the world’s largest cloud- and carrier-neutral data centre platform, announced it is providing enterprise-grade colocation infrastructure support to Samsung Electronics in Seoul.

Denodo Joins Open Source Initiative To Advance Data, AI Interoperability

KUALA LUMPUR, March 26 (Bernama) -- Denodo, a leader in data management, has joined the Open Semantic Interchange (OSI), an open source initiative aimed at creating a universal, vendor-neutral specification to standardise fragmented data definitions across organisations.

George Kent Completes RM132 Mln Sukuk Redemption

KUALA LUMPUR, March 26 (Bernama) -- George Kent (Malaysia) Bhd has announced the redemption of its Sukuk amounting to RM132.0 million, issued under its Sukuk Wakalah Programme.

Foremay Launches Radiation-Hardened Space-Grade SSD

KUALA LUMPUR, March 26 (Bernama) -- Foremay Inc, a global leader in space-grade and military-grade solid-state drives (SSD), announced the launch of its groundbreaking InterStellar series, a full line of radiation-hardened SSD drives.