HONG KONG, June 29 (Bernama-BUSINESS WIRE) — High common stock leverage among each of Japan’s major non-life insurers brings systematic equity price risk into greater consideration, given the current COVID-19-driven stock market volatility, according to an AM Best special report. The Best’s Special Report, “Japan Non-Life: Robust Capitalisation to Weather Stock Market Volatility,” states…

ISKANDAR PUTERI, June 29 (Bernama) — After months of temporary closure, popular holiday destination LEGOLAND® Malaysia Resort sprang back to life as many excited families and avid LEGO® fans arrived to discover the resort once again, albeit in a safety-conscious experience. Despite operating in a reduced capacity as a precaution, the…

KUALA LUMPUR, June 29 (Bernama) — PETRONAS would like to categorically refute the report by Reuters on 26 June 2020 headlined: “Malaysian energy giant’s board at odds with PM over payment to Sarawak state”.The alleged conflict between the Prime Minister, PETRONAS and its shareholder is mere speculative reporting without any basis…

KUALA LUMPUR, June 26 (Bernama) — The extension of the Wage Subsidy Programme (WSP) as announced in the Economic Recovery Plan (PENJANA) by YAB Prime Minister Tan Sri Muhyiddin Yassin recently reflects the Government’s concern over the difficulties faced by employers and workers in the wake of the COVID-19 crisis. To…

Agreement with Agritech Startup to Support PETRONAS’ New Business Growth KUALA LUMPUR, June 26 (Bernama) — PETRONAS through its corporate venture capital arm, PETRONAS Ventures has entered into an agreement with Braintree Technologies Sdn Bhd (Braintree Technologies) to invest in the agriculture technology (agritech) startup that develops artificial intelligence (AI)-driven robots…

KUALA LUMPUR, June 26 (Bernama) — Since the break-out of COVID-19 pandemic and the start of the Movement Control Order (MCO) in Malaysia, many lower-income households have been left vulnerable and are struggling to put food on the table. The current unprecedented situation has made food an even greater priority, yet…

KUALA LUMPUR, June 26 (Bernama) — The industry-wide Electronic Bank Confirmation (EBC) Platform (eConfirm.my) was officially launched today by the Malaysian Institute of Accountants (MIA) and Extol Corporation Sdn Bhd (Extol), a wholly-owned subsidiary of AppAsia Berhad, at an e-ceremony attended by various stakeholders, including auditors, audit clients, bankers and regulators.…

New members from Africa and India reflect the increasingly global nature of graduate management education RESTON, Va., June 26 (Bernama-GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced a new board chairperson and the addition of four new members to its…

SINGAPORE, June 26 (Bernama-GLOBE NEWSWIRE) —Pulse Secure, the leading provider of software-defined Secure Access solutions, today announced successful integration and joint compatibility testing between Gigamon and Pulse Secure to ensure customers that Pulse Secure’s Network Access Control (NAC) solution, Pulse Policy Secure, can fully leverage the endpoint contextual information received…

NEW YORK, NY, June 26 (Bernama-GLOBE NEWSWIRE) — Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, announced today that its credit fund, GIP Spectrum Fund, L.P., along with its affiliates and co-investors (together “GIP Spectrum”, “Spectrum” or the “Fund”), has closed on the purchase of $325 million of an…