SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Pacific International Insurance Pty Limited (Pacific) (Australia). The Credit Ratings (ratings) reflect Pacific’s balance sheet strength, which AM…

HONG KONG, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Korean Reinsurance Company (KRE) (South Korea). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect KRE’s balance sheet strength, which…

HONG KONG, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China Taiping Insurance (HK) Company Limited [CTPI(HK)] (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect CTPI(HK)’s balance sheet strength,…

EL SEGUNDO, Calif., Dec 11 (Bernama-GLOBE NEWSWIRE) — Phoenix Software International, Inc., today announced it has expanded its source code licensing agreement with IBM for IBM z/OS® JES3. As part of the agreement, Phoenix Software International plans to build on their initial JES3 source code license to add additional components in the Bulk Data…

SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” to Fubon Insurance Vietnam Co., Ltd. (Fubon Vietnam) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Fubon Vietnam’s balance sheet strength,…

SINGAPORE, Dec 11 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Malaysian Reinsurance Berhad (Malaysian Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Malaysian Re’s balance sheet strength, which AM Best…

KUALA LUMPUR, Dec 11 (Bernama) — PETRONAS has successfully pared down its shareholdings in MISC Berhad (“MISC”) and KLCCP Stapled Group (“KLCC SG”) on Bursa Malaysia Securities on 10 December 2020 via an equity accelerated bookbuilding exercise. The pare down was carried out as part of PETRONAS’ continued portfolio optimisation…

PUTRAJAYA, Dec 10 (Bernama) — Minister of Tourism, Arts and Culture, Dato’ Sri Hajah Nancy Shukri has graciously presented a certificate of appreciation to international social media influencer, Trevor James, also known as The Food Ranger. This is in line with the Ministry of Tourism, Arts and Culture’s (MOTAC) effort in…

QINGDAO, China, Dec 10 (Bernama-AsiaNet) — Recently, Zhang Jiandong, director-general of Oceanic Administration of Shandong Province, said at a press conference held by the Information Office of Shandong Provincial People’s Government that in 2019, Shandong’s total marine output value reached 1.46 trillion yuan, continuing to rank second in China, accounting…

BEIJING, Dec 10 (Bernama-AsiaNet) — – This year marks the eighth anniversary of Yili’s major CSR project, “Yili’s Ark”– Through the initiative, Yili has grown to become a strong protector of children’s safetyYili, one of the top five global dairy producers, held a ceremony commemorating the eighth anniversary of its…