KUALA LUMPUR, Dec 16 (Bernama) — FWD Takaful Berhad (formerly known as HSBC Amanah Takaful (Malaysia) Berhad) (“FWD Takaful”) has appointed James Loh Sinn Yuk as its new Chairman effective 27 November 2019.The Hon. Ronald Arculli, GBM, CVO, GBS, OBE, JP, Chairman of the Board of FWD Group, described James’s ascent to chairmanship as a…

KUALA LUMPUR, Dec 16 (Bernama) — Global payments technology firm, Visa Malaysia, is confident about posting a double-digit growth in contactless transactions in 2020.Ng Kong Boon, the Visa Country Manager for Malaysia, said Malaysians are embracing contactless payments as a faster, more convenient and secure payment method. http://mrem.bernama.com/viewsm.php?idm=36422

KUALA LUMPUR, Dec 16 (Bernama) — The Chief Executive Officer (CEO) of AmBank Islamic Berhad (AmBank Islamic), Eqhwan Mokhzanee, was named as the Best Islamic Banking CEO Malaysia 2019 by Global Banking & Finance Review (GBAF). In addition, AmBank Islamic was conferred with the Most Promising Islamic Bank Malaysia Award 2019.“It…

SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — AM Best has downgraded the Financial Strength Rating to C (Weak) from C+ (Marginal) and the Long-Term Issuer Credit Rating to “ccc” from “b-” of Capital General Insurance Company Limited (CGI) (Papua New Guinea). The outlook of these Credit Ratings (ratings) remains negative. Concurrently, these ratings…

SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — SpeQtral announced today that it has taken over operations of the SpooQy-1 nanosatellite on behalf of the Centre for Quantum Technologies (CQT) at the National University of Singapore. SpooQy-1 is a shoebox-sized, 3U CubeSat hosting a quantum payload developed at CQT. It was launched April…

SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of C- (Weak) and the Long-Term Issuer Credit Rating of “cc” of Capital Life Insurance Company Limited (CLI) (Papua New Guinea). The outlook of these Credit Ratings (ratings) is stable. Concurrently, these ratings have been withdrawn as the…

SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — AM Best has upgraded the Financial Strength Rating to B (Fair) from B- (Fair) and the Long-Term Issuer Credit Rating to “bb” from “bb-” of Lifetime Income Limited (LIL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable.  The ratings reflect LIL’s balance sheet…

SINGAPORE, Dec 16 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Bao Minh Insurance Corporation (BMI) (Vietnam). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect BMI’s balance sheet strength, which AM Best categorizes…

HONG KONG, Dec 16 (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,…

– Fans Can Begin Making Reservations Beginning Dec. 18 for Five Locations in Tokyo and Kyoto –  TOKYO, Dec 13 (Bernama-BUSINESS WIRE) — Cosmos Initia Co., Ltd., headquartered in Tokyo’s Minato Ward, Yoshiyuki Takagi, President, online at https://www.cigr.co.jp/, a member of the Daiwa House Group, in partnership with the Pokémon Company announced…