SEOUL, South Korea, Sept 21 (Bernama-BUSINESS WIRE) — The Korean government will implement the ‘Materials, Parts, and Equipment 2.0’ policy in order to diversify the supply network of the manufacturing industry in the post-COVID-19 era. This policy is aimed at fostering domestic businesses in the fields of materials, parts, and equipment,…

SINGAPORE, Sept 21 (Bernama-BUSINESS WIRE ) — AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength Rating of A (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore). The outlook of these Credit Ratings (ratings) is stable. These ratings reflect MSFC’s…

KUALA LUMPUR, Sept 18 (Bernama) — Agrobank is holding open days at all its 136 branches nationwide* on Saturday, 19 September and Wednesday, 23 September to assist customers who require further assistance with their financing repayments as the six-month moratorium period comes to an end on September 30.According to Khadijah Iskandar, Covering President / Chief…

KUALA LUMPUR, Malaysia, Sept 18 (Bernama-PRNewswire) — Bursa Malaysia Derivatives (“BMD”) has successfully re-launched the 5-Year Malaysian Government Securities (“MGS”) Futures contract (FMG5) with a revised settlement methodology. The FMG5 Contract’s settlement, which was previously cash-settled, is now physically delivered. The revised methodology is based on a delivery-versus-payment (“DVP”) model…

– SK Magic proved world-class design competitiveness at the IDEA 2020, one of the world’s top three design awards– Triple Care Dishwasher, world’s first dishwasher to win the IDEA Gold Medal, the First Prize, in Home/Kitchen Appliances category– Double Flex Induction Range to be released in October and All-in-one Oven…

The SLL is StarHub’s maiden SLL, and CIMB’s first since announcing in January 2020 that it is committing RM3 billion to SLL for corporate borrowers. KUALA LUMPUR, Sept 18 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) has entered into an RM270 million sustainability-linked term loan facility agreement with Malaren…

SINGAPORE, Sept 18 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating ofB++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of ERGO Insurance Pte. Ltd. (ERGO Insurance) (Singapore). The outlook of the FSR is stable, while the Long-Term ICR outlook is negative. The Credit Ratings (ratings)…

SHANGHAI, Sept 18 (Bernama-BUSINESS WIRE) — During the recently closed Huawei’s Developer Conference 2020, Huawei and its 12 partners, including OPPLE Lighting, announced the launch of HMS Go Global Ecosystem Alliance, with an aim to provide Chinese developers eying the global market with a “go global service engine” to address the…

KUALA LUMPUR, Sept 18 (Bernama) — We are coming to the end of the moratorium whereby borrowers will start their repayment beginning October 2020. AmBank, in its commitment to always do what is best for all its customers, wants to make sure that customers who are facing difficulties in meeting their…

HONG KONG, Sept 18 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of COSCO SHIPPING Captive Insurance Co., Ltd. (COSCO SHIPPING Captive) (China). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect COSCO…