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AM Best Sees Steady Prospects For China’s Non-Life Insurance

KUALA LUMPUR, Sept 7 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on China’s non-life insurance segment, citing improved regulatory oversight, new growth opportunities and ongoing digitalisation and innovation.

Globaltec Formation's Tanjung Enim PSC Approved As Indonesia's National Strategic Project

KUALA LUMPUR, Sept 7 (Bernama) -- Globaltec Formation Bhd’s (GFB) 70 per cent subsidiary clean energy company NuEnergy Gas Ltd has announced that the Indonesian government has approved the development of NuEnergy’s Tanjung Enim production sharing contract (PSC) as one of Indonesia’s national strategic projects.

Smart Logistics Modernises Malaysia-Singapore Cross-border Freight -- FedEx

SINGAPORE, Sept 7 (Bernama) -- Express logistics operators are integrating artificial intelligence (AI) and remote monitoring technology across their ground networks to boost cross-border freight efficiency ahead of the Johor-Singapore Special Economic Zone (JS-SEZ) integration.

Batik Air Cancels Scheduled KL-Jakarta Flights Today Due To Volcanic Ash

KUALA LUMPUR, Sept 7 (Bernama) -- Scheduled flights between Kuala Lumpur and Jakarta remained cancelled today following ongoing volcanic activity at Mount Anak Krakatau in Indonesia’s Sunda Strait, between Java and Sumatra, said Batik Air.

Malaysia Airlines, Batik Air Cancel 20 Malaysia-Jakarta Flights Due To Volcanic Ash

KUALA LUMPUR, Sept 6 (Bernama) -- Malaysia Airlines and Batik Air have cancelled a total of 20 flights between Malaysia and Jakarta today after volcanic ash from the ongoing eruption of Mount Anak Krakatau disrupted operations at Jakarta’s Soekarno-Hatta International Airport (CGK).

Getting Nuclear Power Into Energy Mix Inevitable, Malaysia Lays The Groundwork

By Arul Rajoo Durar Raj and Nor Baizura Basri

KUALA LUMPUR, Sept 6 (Bernama) -- Malaysia has been actively laying the groundwork to pave the way for a possible nuclear application in the country's energy mix, although it may not materialise in the foreseeable future.

Malaysia’s Fuel Supply Stable, But Oil Prices May Remain Elevated For 2-3 Years -- Nurhisham

By Nurul Hanis Izmir

PUTRAJAYA, Sept 6 (Bernama) -- Malaysia’s fuel supply remains stable despite lower global supply levels, with the government confident it can secure sufficient supplies through to the end of the year, said the Prime Minister’s economic adviser Nurhisham Hussein.

Smart Energy, Talent Critical To Sustain Penang’s Semiconductor Growth - ABB

By Farhana Poniman

GEORGE TOWN, 6 Sept (Bernama) -- Reliable and sustainable power infrastructure, smart energy management and a skilled talent pool are critical to sustaining the growth of Penang’s semiconductor and electrical and electronics (E&E) sector amid the global artificial intelligence (AI) boom, ABB said.

Malaysia’s Strong Fundamentals Support Capital Market Opportunities

KUALA LUMPUR, Sept 5 (Bernama) -- Malaysia’s strong economic fundamentals will continue to support investment opportunities across its capital markets, Treasury secretary-general Tan Sri Johan Mahmood Merican said.

CPO Futures Likely To See Profit-taking Next Week Amid High Stock Levels

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 5 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to see profit-taking next week amid high stock levels in Malaysia and Indonesia, said a dealer.

Ringgit Ends Lower Against US Dollar As US Rate Hike Debate Persists

By Harizah Hanim Mohamed

KUALA LUMPUR, Sept 4 (Bernama) -- The ringgit finished lower against the US dollar on Friday as the market closely monitors the ongoing debate regarding interest rate hikes in the United States.