Wellington: Global credit rating agency, AM Best has withdrawn the financial strength rating of A- (Excellent) and the long-term issuer credit rating of ‘a-‘ (Excellent) of Foundation Life (NZ) Limited (FLNZ) as the company no longer holds insurance p…
Kuala lumpur: AKWEL, a manufacturer of parts and systems for the automotive and heavy-vehicle industry, has reported a net income of 13.6 million euros for the first half (1H) of 2025, a decrease of 32.9 per cent compared to the same period last year….
Wellington: AM Best has upgraded New Zealand’s Beneficial Insurance Limited (Beneficial) long-term issuer credit rating (Long-Term ICR) to ‘bbb+’ (Good) from ‘bbb’ (Good) and affirmed the financial strength rating (FSR) of B++ (Good).
According to B…
Penang: Penang recorded RM1.85 billion in approved manufacturing investments from China in the first half of this year (1H 2025), said Chief Minister Chow Kon Yeow. He said this accounts for nearly 15 per cent of the state’s total RM12.54 billion in m…
Kuala lumpur: The banking industry has pledged wide-ranging financial relief and assistance to communities in Sabah affected by the recent floods.
According to BERNAMA News Agency, the Association of Banks in Malaysia (ABM) and the Association of Is…
Kuala lumpur: Malaysia has agreed in principle to exempt some Palestinian agricultural and food products from customs duties, as announced by the Investment, Trade and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz. “Malaysia stands firmly beh…