KAJANG, Aug 30 (Bernama) — Protasco Berhad’s turnaround is continuing to gather strength, posting a nine-time jump in its first half net profit to RM8.7 million despite a slightly lower revenue for the six months ended 30 June 2019.The Group’s first half net profit surged 882 percent to RM8.7 million from…

KUALA LUMPUR, Aug 30 (Bernama) — PETRONAS invites local startups to take part in PETRONAS FutureTech, a technology accelerator programme to encourage local innovations and support Malaysian startups to succeed in the global marketplace.The programme, the first of its kind in Malaysia, aims to discover and nurture home-grown technology entrepreneurs, scale them up…

KUALA LUMPUR, Aug 30 (Bernama) — Investment holding company Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “the Company” or “the Group”, Bursa: 5843; Bloomberg: KUPS MK; Reuters: KPSB.KL), having unlocked further values from the core businesses in the manufacturing, trading and licensing sectors, posted an 86% increase in operating profit to RM13.4 million…

PARIS, Aug 30 (Bernama-BUSINESS WIRE) — Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions, has reached the final “top 5” of the inaugural Global Corda InsurTech Challenge, a competition that rewards blockchain insurance startups and the innovation investment arms of insurance companies. Organised by R3, the…

SINGAPORE, Aug 30 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating ofA- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Asia Capital Reinsurance Group Pte. Ltd. (Asia Capital Re) (Singapore) and its subsidiary, Asia Capital Reinsurance Malaysia Sdn Bhd (ACRM) (Malaysia). AM Best…

SAN FRANCISCO, Aug 30 (Bernama-BUSINESS WIRE) — Cloudflare, a leading Internet security, performance, and reliability company, today announced two new appointments to its board of directors, Katrin Suder, the chair of the German Digital Council, and Mark Anderson, Chief Growth Officer at Anaplan. “I’m honored to welcome Katrin and Mark to…

HONG KONG, Aug 30 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of INPEX Insurance, Ltd. (IIL) (Bermuda). The outlook of these Credit Ratings (ratings) is stable.  The ratings reflect IIL’s balance sheet strength, which AM Best categorizes…

KUALA LUMPUR, Aug 30 (Bernama) —  1) Summary CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) on 29 August 2019 reported a Profit Before Tax (“PBT”) of RM3.56 billion for the first half of 2019 (“1H19”). The 8.7% year-on-year (“YoY”) increase was underpinned by stronger operating income and a…

KUALA LUMPUR, Aug 30 (Bernama) — UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) announced its financial results for the six months ended 30 June 2019 (“1H 2019”) where total revenue increased to RM1,419.8 million compared to RM861.1 million in the first half of 2018 (“1H 2018”) mainly driven by…

KUALA LUMPUR, Aug 29 (Bernama) — We refer to the press releases in relation to the SCR dated 16 April 2019, 22 April 2019 and 20 June 2019 (collectively “Press Releases“). Unless otherwise defined herein, all expressions used in this press release shall carry the same meanings as defined in the…