BASINGSTOKE, England, Oct 31 (Bernama-BUSINESS WIRE) — A new study from Juniper Research has found the global transaction value of the B2B payments market will exceed $111 trillion in 2027, from just over $88 trillion in 2022. It predicts that this growth of 26% will be driven by rising prices…

KUALA LUMPUR, Oct 31 (Bernama) — PETRONAS, through its Sahabat Maritim programme, conducted a series of outreach initiatives in Sarawak, Sabah and Terengganu, benefiting more than 3,500 villagers between August and September. Each initiative was tailored to the needs of the respective community such as safety awareness, educational activities as well…

KOTA KINABALU, Oct 31 (Bernama) — UMW GRANTT International Sdn. Bhd. (“UMW GRANTT), a wholly owned subsidiary of the UMW Group, is once again the Platinum Sponsor of Southeast Asia’s biggest extreme off-road event, the 30th Borneo Safari International Off-Road Challenge (“Borneo Safari”), marking its sixth year as the Official Performance…

SINGAPORE, Oct 31 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Labuan Reinsurance (L) Ltd (Labuan Re) (Malaysia). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Labuan Re’s balance sheet strength, which…

HONG KONG, Oct 31 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Bank of China Group Insurance Company Limited (BOCG Insurance) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect BOCG…

SINGAPORE, Oct 31 (Bernama-BUSINESS WIRE) — AM Best is maintaining its stable market segment outlook on Vietnam’s non-life insurance segment, citing market growth underpinned by economic tailwinds, regulatory developments expected to help drive growth and climbing domestic interest rates that should benefit investment income. In a new Best’s Market Segment Report, “Market Segment…

HONG KONG, Oct 31 (Bernama-BUSINESS WIRE) — The highly anticipated “Sun Hung Kai Properties Hong Kong Cyclothon” is making a return after four years! The Hong Kong Tourism Board (HKTB) announced that the “Sun Hung Kai Properties Hong Kong Cyclothon” will be held on 18 December 2022 (Sunday). http://mrem.bernama.com/viewsm.php?idm=44582

SINGAPORE, Oct 31 (Bernama-BUSINESS WIRE) — AM Best is maintaining its negative market segment outlook on the Indonesia non-life insurance segment, citing challenges in credit and motor insurance and ongoing macroeconomic uncertainties. Claims frequency normalization, which has the potential to dampen the segment’s profitability, also underpins the negative outlook. In a new Best’s…

KUALA LUMPUR, Oct 28 (Bernama) — Allianz Malaysia Berhad (Allianz Malaysia) Group is supporting University Malaya Medical Centre (UMMC) in its ongoing clinical study on individuals who have had COVID-19 and the development of long-term symptoms or Long COVID. The 31-month-long study, spearheaded by UMMC’s Dato’ Prof. Dr. Adeeba Kamarulzaman,…

HONG KONG, Oct 28 (Bernama-BUSINESS WIRE) — Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI” or the “Group”, Stock Code: 1788.HK) announced that the Company first launched yesterday the “China Funds Festival”, inviting five leading Chinese fund companies in Hong Kong, namely CSOP Asset Management, ChinaAMC Fund (Hong Kong), Bosera International,…