insurance

 
 

Singapore employers more cautious in hiring, as job vacancies in Q2 2019 continue to decline, says report

SINGAPORE, Sept 14 — In light of economic headwinds, hiring sentiments continued to be cautious for the second quarter of this year. The number of job vacancies offered on the market continued to decline from the previous quarter, as the resident…


PG&E announces US$11b settlement in deadly California fires

WASHINGTON, Sept 13 — Bankrupt US utility company Pacific Gas and Electric announced today it has reached an US$11 billion settlement with insurance companies over the deadly wildfires in California last year blamed on faulty power lines. The San…


US stocks open higher, flirting with records

NEW YORK, Sept 13 — Wall Street brushed off the ominous date and pushed higher at the open today, stoked by relief that President Donald Trump’s trade war with China appears to be inching towards a resolution. China announced today it will…


US core inflation firming, but Fed still seen cutting rates

WASHINGTON, Sept 13 — US underlying consumer prices increased solidly in August, leading to the largest annual gain in a year, but rising inflation is unlikely to deter the Federal Reserve from cutting interest rates again next week to support a…


MMAG partners Indonesia’s Lion Group for supply chain services

PETALING JAYA: MMAG Holdings Bhd’s wholly owned subsidiary Line Clear Express and Logistics Sdn Bhd has entered into a business collaboration agreement with PT Lion Express of Indonesia’s Lion Group to offer a range of supply chain management services between the two countries.

Among the services included in the multi-year agreement are logistics, warehousing facilities, last mile deliveries, transportation and customised solutions, along with specialised value-added services like bonded warehouse facilities in both countries, insurance coverage, using flight network of Lion Air Group.

Line Clear CEO Wong Eng Su said that being selected to work with Lion Express has expanded its target market beyond the 30 million population size in Malaysia.

“In addition, this should also provide the catalyst for our SMEs to tap into the 264 million population market in Indonesia.”

Meanwhile, Lion Express CEO Farian Kirana said that given the large fleet of passenger and cargo planes of Lion Air Group covering Indonesia and its last mile capabilities, this will allow it to transport good in a timely manner.

“We are confident our partnership with Line Clear will address the delivery needs of 2.5 million Indonesians in Malaysia. We also would explore innovative cross border bundle programs to further enhance our leadership position in the market.”


MMAG partners Indonesia’s Lion Group for supply chain services

PETALING JAYA: MMAG Holdings Bhd’s wholly owned subsidiary Line Clear Express and Logistics Sdn Bhd has entered into a business collaboration agreement with PT Lion Express of Indonesia’s Lion Group to offer a range of supply chain management services between the two countries.

Among the services included in the multi-year agreement are logistics, warehousing facilities, last mile deliveries, transportation and customised solutions, along with specialised value-added services like bonded warehouse facilities in both countries, insurance coverage, using flight network of Lion Air Group.

Line Clear CEO Wong Eng Su said that being selected to work with Lion Express has expanded its target market beyond the 30 million population size in Malaysia.

“In addition, this should also provide the catalyst for our SMEs to tap into the 264 million population market in Indonesia.”

Meanwhile, Lion Express CEO Farian Kirana said that given the large fleet of passenger and cargo planes of Lion Air Group covering Indonesia and its last mile capabilities, this will allow it to transport good in a timely manner.

“We are confident our partnership with Line Clear will address the delivery needs of 2.5 million Indonesians in Malaysia. We also would explore innovative cross border bundle programs to further enhance our leadership position in the market.”


White House adviser plays down expectations for US-China talks

WASHINGTON, Sept 11 ― A senior White House adviser tamped down expectations yesterday for the next rounds of US-China trade talks, urging investors, businesses and the public to be patient about resolving the two-year trade dispute between the…


Guan Eng: No new tax measures for corporates, investment community

KUALA LUMPUR: Budget 2020 is not expected to have new tax measures on the corporate sector and investment community, said Finance Minister Lim Guan Eng (pix).

“The government will have to seek fiscal space to prioritise sustainable economic growth. Such expansionary measures may be necessary to provide some fiscal contingency, amid an uncertain global economic environment following the unresolved trade dispute,” he said at the opening of Menara Prudential at the Tun Razak Exchange today.

Prudential has opened its new corporate heard office Menara Prudential at the Tun Razak Exchange with all five of its businesses now located within the same premises.

Developed by IJM Corp Bhd, the new Menara Prudential houses its life insurance business Prudential Assurance Malaysia Bhd, joint-venture takaful business Prudential BSN Takaful Bhd, asset management operations Eastspring Investments Bhd and Eastspring Al-Wara’ Investments Bhd, shared services hub Prudential Services Asia and a walk-in customer retail branch.


Minho suffers fire at Pahang timber complex

PETALING JAYA: Minho (M) Bhd’s wholly-owned subsidiary Lionvest Corporation (Pahang) Sdn Bhd suffered a fire incident last Saturday evening at its timber complex in Jengka, Pahang.

The group told Bursa Malaysia that the fire only affected one block of the three-storey building located in the timber complex.

“All documents, computers, furniture, office equipment and others belonging to Lionvest stored in the office building were destroyed during the fire.”

According to Minho, the fire department and the insurance company are still conducting an investigation to determine the cause of the fire.

It stressed that all assets are adequately covered by insurance.

Minho said it has yet to ascertain the financial and operational impact of the incident. However, the incident does not affect its processing and manufacturing capabilities.

“The company will update the Bursa on the financial impact upon completion of the investigation and assessment by our internal team, insurance company and the authorities.”

At the midday break, Minho’s share price was unchanged at 25 sen on 58,400 shares done.


Minho suffers fire at Pahang timber complex

PETALING JAYA: Minho (M) Bhd’s wholly-owned subsidiary Lionvest Corporation (Pahang) Sdn Bhd suffered a fire incident last Saturday evening at its timber complex in Jengka, Pahang.

The group told Bursa Malaysia that the fire only affected one block of the three-storey building located in the timber complex.

“All documents, computers, furniture, office equipment and others belonging to Lionvest stored in the office building were destroyed during the fire.”

According to Minho, the fire department and the insurance company are still conducting an investigation to determine the cause of the fire.

It stressed that all assets are adequately covered by insurance.

Minho said it has yet to ascertain the financial and operational impact of the incident. However, the incident does not affect its processing and manufacturing capabilities.

“The company will update the Bursa on the financial impact upon completion of the investigation and assessment by our internal team, insurance company and the authorities.”

At the midday break, Minho’s share price was unchanged at 25 sen on 58,400 shares done.