Day: July 22, 2024

HONG KONG, AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ‘a-‘ (Excellent) of The People’s Insurance Company of China (Hong Kong), Limited (PICC HK) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PICC HK’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the strategic importance of the company to its parent, The People’s Insurance Company (Group) of China Limited (PICC Group) (China), as

JOHOR BAHRU, The Johor government is allocating RM54.7 million to build and repair houses for the hardcore poor and the less affordable in the state. Menteri Besar Datuk Onn Hafiz Ghazi said of the total allocation, made under the 2024 State Budget, RM22.79 million is for house repair, while the remaining (RM32 million) is for the building of 328 housing units. The state government is committed and always focused on providing comfortable homes for the Johor people, he said in a post on his Facebook today. He shared his visit to Segamat where he went to the house of Mohd