HONG KONG, March 1 (Bernama-BUSINESS WIRE) — AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Tugu Insurance Company Limited (TIC) (Hong Kong). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect TIC’s balance sheet strength, which AM…

KUALA LUMPUR, Feb 28 (Bernama) — BIMB Holdings Berhad’s (“BHB”) earnings have hit a new high with Group Profit Before Zakat and Taxation (PBZT) at RM1.07 billion for the financial year ended 31 December 2018 (“FY2018”). Mohd Muazzam Mohamed, Chief Executive Officer of BHB said “We are very pleased to announce that the strong…

KOTA KINABALU, Feb 28 (Bernama) — This year’s World Amateur Golfers Championship (WAGC) will be played at four major golf courses in Sabah. They are Sutera Harbour Marina Golf & Country Club, Sabah Golf & Country Club, Nexus Golf Resort Karambunai and Dalit Bay Golf & Country Club. Golfers contesting in…

JAKARTA, Indonesia, Feb 28 (Bernama) — The Ministers responsible for the palm oil industry from Malaysia, Her Excellency Mdm. Teresa Kok, Minister of Primary Industries of Malaysia, and His Excellency Mr. Darmin Nasution, Coordinating Minister for Economic Affairs of the Republic of Indonesia co-chaired the 6th Ministerial Meeting of Council of…

KUALA LUMPUR, Feb 28 (Bernama) —  1) Summary  CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today reported a net profit of RM5.58 billion for financial year 2018 (“FY18”). This raised the Group’s FY18 Return On average Equity (“ROE”) to 11.4%, and reduced its Cost-to-Income Ratio (“CIR”) to 49.8%,…

HENGELO, The Netherlands, Feb 28 (Bernama) — Johnson Matthey (JM), a global leader in science that makes the world cleaner and healthier, has entered into a long-term battery materials supply agreement with energy storage and battery company Lithium Werks. Under the agreement, which will start 1 April 2019 and run for…

KUALA LUMPUR, Feb 28 (Bernama) — Looking to get your fix on the newest and most sought after beauty and skincare products? Look no further! Located strategically on the Ground Floor of Sunway Pyramid, the Beauty Walk houses international brands and first-in-Malaysia flagship stores like Estée Lauder, Innisfree, Laneige, Etude House,…

TOKYO, Feb 28 (Bernama) — Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has launched a lineup of 31 single power supply one-gate logic devices that support low voltage operation. The new “7UL1G series,” suitable for down translation to 0.9V, and “7UL1T series,” for up translation from 1.8V to 3.3V, allow users to…

TOKYO, Feb 28 (Bernama-BUSINESS WIRE) — Keio Plaza Hotel Tokyo, one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will host a special “Spring Cherry Blossom (Sakura) Festival” with menu items specially prepared by our executive chefs in the image of the “Sakura” cherry blossoms and served at eight…

KUALA LUMPUR, Feb 28 (Bernama) – What will be the key trends this year for Malaysia’s payments industry. Many companies globally now offer “mobile payments” as an alternative to card payments. Is this a threat to credit card companies and whether mobile payments will replace cards and cash.  http://mrem.bernama.com/viewsm.php?idm=33900