Category: General

HONG KONG, AM Best has maintained its stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle insurance market. The Best’s Market Segment Report, ‘Market Segment Outlook: China Non-Life Insurance,’ notes that the segment’s solvency ratios under China Risk-Oriented Solvency System (C-ROSS) stabilised in 2023 and through the first half of 2024, following a decline in 2022. Large Chinese insurers have been able to raise funds from the domestic debt capital market at favourable financing costs by issuing capital supplementary bonds in

KUALA LUMPUR, His Majesty Sultan Ibrahim, King of Malaysia was today presented with the financial statements of the federal and state governments for the year 2023, ahead of their tabling in the upcoming Dewan Rakyat session. According to a post on Sultan Ibrahim Sultan Iskandar’s Facebook page, the report was presented to His Majesty by Auditor-General Datuk Wan Suraya Wan Mohd Radzi. The audience with His Majesty took place at Istana Negara here. The 2025 Budget is scheduled to be tabled in the Dewan Rakyat on Oct 18, under the theme ‘Ekonomi MADANI, Negara Makmur, Rakyat Sejahtera’. Source: BERNAMA News

KUALA LUMPUR, Bursa Malaysia traded flat to lower during the early morning trade, taking its cue from Wall Street’s muted overnight performance as most traders remained on the sidelines ahead of the United States (US) Federal Reserve’s potential rate cut. At 9.13 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 3.84 points to 1,660.44 from Tuesday’s close of 1,664.33. The benchmark index opened 0.05 of-a-point higher at 1,664.33. Across the broader market, losers led gainers 232 to 104, with 256 counters unchanged, 1,913 untraded and nine suspended. Turnover amounted to 215.23 million shares worth RM159.22 million. In a note,

SAN JOSE DE BUENAVISTA, Antique – Nineteen households in the Municipality of Laua-an temporarily resettled in the National Housing Authority (NHA) relocation site after the Paliwan River overflowed due to heavy rainfall caused by the enhanced southwest monsoon on Tuesday. Mayor Aser Baladjay said in an interview Wednesday that the gushing water washed out their houses along the river in Sitio Talutog, Barangay Guinbanga-an. The relocation site is in a safer area in the same barangay. ‘Antique Rep. Antonio Agapito Legarda visited the area with officials of the Department of Public Works and Highways (DPWH) for an ocular inspection and

Manila: Senate Deputy Minority Leader Risa Hontiveros welcomed on Wednesday the arrest of former Department of Budget and Management (DBM) undersecretary Lloyd Christopher Lao in Davao City. Lao, was nabbed by PNP’s Criminal Investigation and Detection Group (CIDG) in Barangay 18B, Obrero through a Sandiganbayan first division’s arrest warrant dated Sept. 12. He is facing graft charges for an alleged conspiracy to award PHP4 billion in contracts for Covid-19 test kits to a “favored supplier” during the pandemic, “Time to face the music, Atty. Lao. Oras na para harapin mo ang mga kaso laban sayo (It is time for you