SINGAPORE, May 29 (Bernama-BUSINESS WIRE) —AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) has been revised to stable from…

SHAH ALAM, Selangor, May 28 (Bernama) — BAADER, a global leader in food processing and technology, today officially inaugurated its newest production facility, BAADER Food Systems Asia Sdn. Bhd., located in Shah Alam, Selangor. This momentous occasion marks a strategic milestone for BAADER, significantly expanding its operational footprint in Southeast Asia…

CHENGDU, China, May 29 (Bernama) — May 18 is International Museum Day. This year, a trend of “specialty swap” has swept into the world of cultural relics. Under the initiative of the Sichuan Provincial Cultural Heritage Administration, three major museums in Southwest China—Sanxingdui, Jinsha, and Luojiaba—have launched a cross-time-and-space “cultural relics…

VICTORIA, Seychelles, May 28 (Bernama-GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. BGUSD is fully integrated into the platform’s trading and wealth management infrastructure,…

KUALA LUMPUR, May 28 (Bernama) — UnionPay International (“UPI”) and CIMB Bank Berhad (“CIMB”) have entered into a memorandum of understanding (“MoU”) to improve payment services in Malaysia. This strategic collaboration, will enhance the payment experience for UnionPay cardholders, particularly in high-frequency sectors such as retail, transportation, medical care, and e-commerce.…

HONG KONG, May 28 (Bernama-BUSINESS WIRE) — AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Peak Reinsurance North America Ltd. (Peak Re NA) (Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Peak Re NA’s…

KUALA LUMPUR, MALAYSIA, May 28 (Bernama) — ACWA Power, the world’s largest private water desalination company, a leader in energy transition and first mover into green hydrogen, announced comprehensive partnerships with Malaysian government agencies and key entities at the sidelines of the ASEAN-GCC Summit. The centrepiece agreement, a Memorandum of Understanding…

READING, United Kingdom, May 27 (Bernama-GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider, today announced that it has been selected as a key technology partner by Tampnet – a global leader in offshore, high-capacity, low-latency connectivity and network services. Following a rigorous selection process, the Norway-based offshore connectivity provider has…

VICTORIA, Seychelles, May 27 (Bernama-GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is excited to celebrate the 2nd Anniversary of Blockchain4Youth. With over 8,000 participants globally and more than 3,000 certificates issued, the program continues to empower the next generation with the knowledge and tools needed to shape the…

SINGAPORE, May 27 (Bernama-BUSINESS WIRE) —Quadria Capital, Asia’s premier healthcare-focused private equity firm, today announced the final close of its Fund III with US$1.07 billion in total commitments, significantly exceeding its original $800 million target. The oversubscribed fundraise comprises over US$954 million in primary commitments and US$114 million in committed…