SINGAPORE, March 29 (Bernama-BUSINESS WIRE) — AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” of PT Asuransi Jasa Indonesia (Persero) (Jasindo) (Indonesia). The outlook of the FSR remains…

TOKYO, March 29 (Bernama-BUSINESS WIRE) — The ASEAN-Japan Centre (AJC) has awarded eleven tour products in six categories for the trips with destinations to the ASEAN Member States (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) as winners of the ASEAN Tourism Awards Japan 2018. With the…

KUALA LUMPUR, March 29 (Bernama) — Eastspring Investments Berhad today announced the gross income distribution for Eastspring Investments Asian High Yield Bond MY Fund (“Fund”). The Fund is a wholesale feeder fund which aims to maximise income and capital appreciation by investing in the Eastspring Investments – Asian High Yield Bond…

SINGAPORE, March 29 (Bernama-BUSINESS WIRE) — AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” from “bbb+” of Partners Life Limited (Partners Life) (New Zealand). The outlook of these Credit Ratings (ratings) has been revised to stable from positive.…

HONG KONG, March 29 (Bernama-BUSINESS WIRE) –AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of LIG Insurance (China) Co Ltd (LIG China) (China). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect LIG China’s balance sheet strength, which…

CYBERJAYA, March 28 (Bernama) — The Communications and Multimedia Consumer Forum of Malaysia (CFM) has been one of the complaints channels for 18 years for consumers to report their problems in the communications and multimedia services. For 2018, CFM received 6,330 complaints which recorded 33% increase compared to the total number of complaints…

KUALA LUMPUR, March 28 (Bernama) — PETRONAS continues to enhance its education and communication activities to promote integrity with another round of Corporate Integrity Advocacy Programme (CIAP) for its top management.The CIAP 2019 event, with the theme on “Corporate Liability – A Change in Corporate Integrity Landscape” will address the change in…

KUALA LUMPUR, March 28 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) has announced its commitment to disburse at least RM15 billion in the next two years to help finance 100,000 small and medium-sized enterprises (“SMEs”) in Malaysia. The Bank will focus on helping SMEs have easier access to loans…

WIESBADEN, Germany & PENANG, Malaysia, March 28 (Bernama-BUSINESS WIRE) — The ceremonial opening of the new VITRONIC subsidiary takes place on March 28 in Penang, Malaysia. Partner companies, customers and top management are in attendance. Martin Weiss, director of the subsidiary, explains, “With over 35% of the global GDP, Asia Pacific…

KUALA LUMPUR, March 28 (Bernama) — Unlocking greater productivity within Malaysia’s industrial sectors is one of the national strategies to drive continuous economic growth and expansion. The electrical and electronics (E&E) industry in particular, has the makings to further boost the national economy.According to the 2018 Malaysian American Electronics Industry (MAEI)…