SINGAPORE, Dec 20 (Bernama-BUSINESS WIRE) — AM Best has commented that the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Consumer Insurance Services Limited (CISL) (New Zealand) remain unchanged following the company’s decision to cancel all existing insurance policies. CISL communicated to its insurance…

SINGAPORE, Dec 20 (Bernama-BUSINESS WIRE) — Prestige BioPharma Limited (PBP, 950210: KRX), a Singapore-based biopharmaceutical with operations in USA and South Korea, commences construction of Innovative Discovery Center (IDC) in Busan, South Korea. The construction of IDC is scheduled for completion by February 2023. PBP holds a groundbreaking ceremony on…

KUALA LUMPUR, Dec 20 (Bernama) — PETRONAS Petróleo Brasil Ltda. (PPBL), a subsidiary of PETRONAS, and its consortium partners have won the Sépia field, located in the Santos Basin, during Brazil’s Second Transfer of Rights Surplus Volume Bidding Round held in Rio de Janeiro. Following this successful bid, PETRONAS will…

JAKARTA, Dec 17 (Bernama) — Tourism Malaysia is once again awarded as the National Organisation of the Year at the 12th Indonesia Travel & Tourism Awards (ITTA) 2021/2022, held at the Tribrata Darmawangsa Hotel, Jakarta on 15 December 2021. This year’s recognition marks Tourism Malaysia’s second consecutive win after bringing…

KUALA LUMPUR, Dec 17 (Bernama) — CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today announced the appointment of Lani Darmawan as the President Director and Chief Executive Officer of CIMB Niaga. The appointment will be effective as of the date specified in CIMB Niaga’s Extraordinary General Meeting (“EGM”) held…

KUALA LUMPUR, Dec 17 (Bernama) — PETRONAS signed a Memorandum of Understanding (MoU) with POSCO International Corporation and POSCO Engineering & Construction Co. Ltd to jointly explore opportunities in carbon capture and storage (CCS) technologies as well as carbon dioxide (CO2) storage solutions in Malaysia.  Both parties will assess opportunities to unlock…

KUALA LUMPUR, Malaysia, Dec 17 (Bernama-PRNewswire) — Forest Interactive Foundation will be hosting this year’s Malaysia Future Leaders School (MFLS) Tier 3 in collaboration with the Malaysia Digital Economy Corporation (MDEC) and the Ministry of Youth and Sports (KBS). The foundation is co-organizing the program for four days on Dec…

KOTA KINABALU, Dec 17 (Bernama) — Borneo Oil Berhad (BornOil) executive director Datuk Joseph Ambrose Lee (pic above) has emerged as the company’s largest shareholder with a block purchase of 1,258,108,250 BornOil shares. In a filing to Bursa Malaysia, the company said that Datuk Joseph had made the purchase for…

TAIZHOU, China, Dec 17 (Bernama-BUSINESS WIRE) — The “2021 Hehe Culture Global Forum” was held both online and offline in Tiantai County, Taizhou City, Zhejiang Province on December 9. This forum was hosted by the China International Communication Group (CICG), the Information Office of the People’s Government of Zhejiang Province, and…

KUALA LUMPUR, Malaysia, Dec 17 (Bernama-PRNewswire) — In today’s conventional urban developments, amenities are almost always one of the unique selling propositions being offered to homebuyers. On top of giving a competitive edge to various development concepts, the constant innovation of amenities as part of the residential package offers various…