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IRB Develops Fairer Strategy To Distribute Tax Refunds, Prioritising MSMEs

KUALA LUMPUR, Jan 28 (Bernama) -- The Inland Revenue Board (IRB) has devised a more fair and equitable strategy to ensure that the refund allocations provided by the government can be distributed in an orderly manner, the Finance Ministry said.

AM Best Affirms Hong Leong Insurance (Asia) Credit Ratings As Excellent

KUALA LUMPUR, Jan 26 (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 Hong Leong Insurance (Asia) Limited (HLIA), maintaining a stable outlook.

Berkshire Hathaway Specialty Insurance Promotes David Lee To Global CHRO

KUALA LUMPUR, Jan 13 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) has promoted David Lee to Global Chief Human Resources Officer (CHRO), based in Boston, succeeding Kim Briones, who is retiring from her full-time role.

Vantris Energy's Unit To Dispose Stake In L&T-Sapura Shipping For US$30.5 Mln In Total Consideration

KUALA LUMPUR, Jan 12 (Bernama) -- Vantris Energy Bhd’s indirect wholly-owned subsidiary, Sapura Nautical Power Pte Ltd, will divest its 40 per cent equity interest in L&T-Sapura Shipping Pvt Ltd to its India-based joint venture partner Larsen &Toubro Ltd for a total disposal consideration of US$30.5 million (US$1 = RM4.05).

SC Charges Former Khee San Bhd CEO For Causing Wrongful Loss Of RM7.12 Mln

KUALA LUMPUR, Jan 5 (Bernama) -- The Securities Commission Malaysia (SC) has charged Datuk Seri Liew Yew Chung, the former chief executive officer (CEO) and non-independent non-executive chairman of Khee San Bhd (KSB), for causing a wrongful loss of RM7.12 million to KSB’s subsidiary, Khee San Food Industries Sdn Bhd (KSFI).

BNM’s International Reserves Rise To US$124.3 Bln As At Dec 15

KUALA LUMPUR, Dec 22 (Bernama) -- The international reserves of Bank Negara Malaysia (BNM) expanded to US$124.3 billion as at Dec 15, 2025.

Hong Kong’s Non-Life Insurers Sustain Profitable Underwriting - AM Best

KUALA LUMPUR, Dec 18 (Bernama) -- Hong Kong’s non-life insurance industry has shown an ability to sustain profitable underwriting over the past five years, supported by the performance in the general liability and property damage lines of business, according to a new AM Best report.

South Korea Eases Discount Rate Rules For Non-Life Insurers

KUALA LUMPUR, Dec 16 (Bernama) -- The recent easing of discount rate regulations by South Korea’s financial authorities will alleviate pressure on the solvency position of the country’s non-life insurers, according to a new AM Best commentary.

Raising E-Invoicing Exemption Threshold Gives Businesses Clarity -- FMM

KUALA LUMPUR, Dec 8 (Bernama) -- The e-invoicing exemption threshold, which has been raised from RM500,000 to RM1 million, will provide businesses greater clarity to plan while easing immediate compliance-related burdens, said the Federation of Malaysian Manufacturing (FMM, formerly known as Federation of Malaysian Manufacturers).

LPPSA Boosts Funding Strategy Via Rated Sukuk Programme, Supporting Govt's fiscal Aspiration

PUTRAJAYA, Dec 7 (Bernama) -- The Public Sector Home Financing Board (LPPSA) is set to make history by launching its first-rated sukuk programme next year, a strategic move aimed at expanding its funding ecosystem while supporting the government’s efforts in prudently managing the country’s liabilities. 

AM Best Affirms Mongolian Re Credit Ratings

KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).

BNM’s International Reserves At US$124.1 Bln As At Nov 28

KUALA LUMPUR, Dec 5 (Bernama) --  The international reserves of Bank Negara Malaysia (BNM) amounted to US$124.1 billion as at Nov 28, 2025, unchanged from Oct 31, 2025.