July 16, 2026

MoF Clarifies Stance on Wealth Tax Plans

Kuala lumpur: The government has no plans at present to implement a two per cent wealth tax on wealthy individuals to help finance government expenditure, said the Finance Ministry (MoF). It said the contribution from a wealth tax would not be signifi…

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AM Best Upgrades PICC Hong Kong’s Credit Ratings

Hong kong: AM Best has upgraded the financial strength rating of The People’s Insurance Company of China (Hong Kong) Ltd (PICC HK) to A (Excellent) from A- (Excellent) and the long-term issuer credit rating to ‘a’ (Excellent) from ‘a-‘ (Excellent). Co…

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