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Kpler Analyst Warns Oil Prices Can Soar Above US$100 Per Barrel

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, July 22 (Bernama) – Market intelligence company Kpler’s senior crude oil analyst Muyu Xu has warned that crude oil prices can climb above US$100 per barrel and even spike to US$120 due to acute supply constraints if the war between the United States and Iran in West Asia persists for another one or two weeks.

AM Best Retains Stable Outlook On South Korea's Non-Life Insurance

KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on South Korea’s non-life insurance segment, supported by enhanced regulatory frameworks and solid investment performance.

Sim Calls On Manufacturers, Industry Players To Reinvest Profits In R&D

GEORGE TOWN, July 22 (Bernama) -- Factories and industry players, particularly in the electrical and electronics (E&E) sector, are advised to capitalise on the country's strong trade performance this year by reinvesting profits into research and development (R&D), automation, and talent development to enhance long-term competitiveness.

AM Best Assigns Stable Outlook To Philippines' MAAGAP

KUALA LUMPUR, July 22 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of B+ (Good), a long-term issuer credit rating of “bbb-” (Good) and a Philippines National Scale Rating of aa.PH (Superior) to MAAGAP Insurance Inc (MAAGAP).

Holafly Names Khaby Lame Global Brand Ambassador

KUALA LUMPUR, July 22 (Bernama) -- Holafly, the global leader in travel eSIMs, has partnered with the world's most followed TikTok creator, Khaby Lame, who joins the company as its Global Brand Ambassador.

Ajinomoto Malaysia To Table SCR Proposal For Shareholders' Approval

KUALA LUMPUR, July 21 (Bernama) -- Ajinomoto (Malaysia) Bhd’s (AMB) board of directors has resolved to table the selective capital reduction and repayment (SCR) exercise proposed by controlling shareholder Ajinomoto Co, Inc (Ajico) to disinterested shareholders at an extraordinary general meeting (EGM) for their consideration and approval. 

Tabung Haji In Much Stronger Financial Position Following Recovery Efforts

KUALA LUMPUR, July 21 (Bernama) -- Lembaga Tabung Haji (TH) is in a much stronger financial position now compared with 2018 following continuous recovery and restructuring efforts.

Govt To Develop Fair Formula To Calculate Open Market Value Of Local CKD Vehicles

PETALING JAYA, July 21 (Bernama) -- The government is developing a formula that is fair in calculating the open market value (OMV) or prices of locally assembled completely knocked down (CKD) vehicles in Malaysia.

West Asia Conflict Could Add RM1.1 Bln To Construction Diesel Bill In 2026 - Juwai IQI

KUALA LUMPUR, July 21 (Bernama) -- The West Asia conflict could add RM1.1 billion to the construction industry’s diesel bill in 2026, given the higher average diesel price since the turmoil began, Juwai IQI co-founder and group chief executive officer Kashif Ansari said today.

Ringgit Ends Higher Against US Dollar On Robust Economic Data

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, July 20 (Bernama) -- The ringgit ended higher against the US dollar and other major currencies on Monday, supported by robust Malaysian economic data that reinforced confidence in the country's economic fundamentals.

KWAP Continues Pursuing All Avenues To Maximise Recovery Of Its Investment In eFishery

KUALA LUMPUR, July 18 (Bernama) --  The Retirement Fund (Incorporated) (KWAP) says that it is continuing to pursue all available avenues to maximise the recovery of its investment in eFishery.

Fujifilm Eyes M&A, Partnerships To Expand Solutions Business In Malaysia

KUALA LUMPUR, July 18 (Bernama) -- Fujifilm Business Innovation Corp is looking for opportunities to expand its business solutions segment in Malaysia through new business ventures, joint ventures and mergers and acquisitions (M&A), as businesses in the country increasingly embrace digital transformation.