PETALING JAYA, Nov 6 (Bernama) — The Honorable Finance Minister’s maiden Budget speech bearing the theme “In our strength lies our collective victory” (Teguh Kita, Menang Bersama) is notable as it remains a bold and expansionary one despite the expectation that Malaysia’s economy will contract by as much as 4.5% this year. Critical…

· Quarterly Revenue of $728.1 million· Quarterly GAAP Operating Income of $101.1 million· Quarterly Non-GAAP Operating Income of $138.9 million· Quarterly GAAP EPS of $0.38· Quarterly Non-GAAP EPS of $0.84· September 30, 2020 net debt leverage ratio was 1.3x, reduced from 3.8x at June 30, 2020¹ PITTSBURGH, Nov 6 (Bernama-GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI,” “We”…

SINGAPORE, Nov 6 (Bernama-BUSINESS WIRE) — AM Best has placed under review with negative implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Lifetime Income Limited (LIL) (New Zealand). This Credit Rating (rating) action follows recent regulatory licence conditions imposed on the company by…

“Best Bank for Investment Solutions, Equity” “Best Structured Investment and Financing Solutions, Financing” HONG KONG, Nov 6 (Bernama-BUSINESS WIRE) — Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or “Group”, stock code: 1788.HK) is pleased to announce that the Company has won two awards, namely “Best Bank for Investment…

SINGAPORE, Nov 6 (Bernama-BUSINESS WIRE) — AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Singapore Reinsurance Corporation Limited (Singapore Re) (Singapore). The ratings reflect Singapore Re’s balance sheet strength, which…

KUALA LUMPUR, Nov 5 (Bernama) — Muhtar Suhaili, 39, has been appointed as the new Chief Executive Officer (CEO) of the Malaysian Timber Council (MTC) effective 1 November 2020. Muhtar, who has a Master’s degree in Petroleum Technology from Curtin University of Technology, Australia, and a Bachelor’s degree in Mechatronics Engineering…

​​​​​​​LOUISVILLE, Ky. & PALO ALTO, Calif., Nov 5 (Bernama-BUSINESS WIRE) — Firstsource Solutions Limited (NSE: FSL, BSE:532809), a global provider of Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, today announced a strategic partnership with Uniphore, the global leader in Conversational Service Automation (CSA), to utilize its…

SAN FRANCISCO, Nov 5 (Bernama-BUSINESS WIRE) — Zynga Inc. (Nasdaq: ZNGA) today released financial results for its third quarter ended September 30, 2020 by posting management’s Q3 2020 Quarterly Earnings Letter to its Investor Relations website. Please see the attached Quarterly Earnings Letter or visit http://investor.zynga.com/financial-information/quarterly-results to access the letter.…

KUALA LUMPUR, Nov 5 (Bernama) — PETRONAS has announced its aspiration to achieve Net Zero Carbon Emissions by 2050 as part of its holistic approach to sustainability that balances Environment, Social and Governance (ESG) considerations which are aligned to its statement of purpose, namely to be a ‘progressive energy and solutions…

SINGAPORE, Nov 5 (Bernama-BUSINESS WIRE) — Cummins (NYSE:CMI) announced the addition of two new Digital Master Controls (DMC), DMC2000 and 6000 to their suite of PowerCommand® power system paralleling products. The new Master Control products are enhanced to meet market needs while supporting a wide range of configurations suiting various…