AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
The ratings reflect DBI's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
an hour ago
- Free Malaysia Today
Kelantan craftsman carves out a living with Quranic wall art
Muhammad Ali Che Pa working on a piece of laser-engraved woodcraft at his workshop in Kampung Pangkal Kalong, Kok Lanas. (Bernama pic) KOTA BHARU : What began as a simple idea using leftover plywood has turned into a thriving business for one craftsman in Kelantan. When Muhammad Ali Che Pa was laid off as a sales representative during the Movement Control Order in 2020, he decided to fall back on his artistic capabilities. 'I was desperate for income. That's when I got the idea to create decorative wall pieces featuring Quranic verses using wood I already had at home,' he told Bernama at his workshop in Kampung Pangkal Kalong, Kok Lanas recently. Relying on self-taught skills from Facebook and YouTube, he spent six months creating his first piece, which unexpectedly sold for RM150 after he posted it online. Today, the 31-year-old produces a range of Islamic-themed woodcraft, including framed calligraphy, wall clocks and home-décor items, which are popular among buyers from Malaysia, Indonesia, Brunei and Singapore. 'Plywood is ideal because it's easy to cut and shape. I sketch the design on paper, transfer it to the wood, then carve and sand it,' he said. Ali produces over 300 items monthly, priced between RM3 and RM800, earning him a five-figure income. (Bernama pic) Initially, he would carve each piece manually – but this would take him up to four days apiece, limiting him to just 15 units a month. To improve efficiency, Ali adopted laser-cutting technology two years ago, which has significantly sped up production and improved his precision, enabling him to meet rising demand. He also received a RM10,000 wood router – used for hollowing out, shaping and trimming wood – under Risda Kelantan's entrepreneur mentorship programme, and is anticipating another laser cutter soon. Ali now produces over 300 items a month, priced between RM3 and RM800. 'Each design has its own value,' he said. His monthly income has soared to five figures, driven by strong demand. 'I'm grateful that through this craft and my brand Art Lie Craft, I can share the beauty of the Quran while earning a halal, blessed livelihood,' added Ali, who is assisted by his wife, Nur Hanisah Mohd Zulkifli.
Barnama
an hour ago
- Barnama
Rubicon Point Partners Announces First Close Of Rubicon Point Fund II
SAN FRANCISCO, Aug 8 (Bernama) -- Rubicon Point Partners announced its first close of Rubicon Point Fund II, a real estate investment vehicle targeting special situation opportunities across the West Coast, with a strategic focus on the San Francisco Bay Area. Launched in January 2025, Fund II is property-type agnostic, providing the flexibility to remain nimble and opportunistic in today's rapidly evolving market environment. Fund II marks a return to Rubicon's roots, investing in dislocated markets with the goal of generating outsized returns. Building on experience gained in the aftermath of the Global Financial Crisis, Rubicon aims to capitalize on current pricing dislocations fueled by the effects of COVID-19 and sharply rising interest rates.
New Straits Times
an hour ago
- New Straits Times
Bursa opens nearly flat on lingering US tariff worries
KUALA LUMPUR: Bursa Malaysia opened nearly flat on Friday after a mixed overnight performance on Wall Street, as investors turned cautious over the impact of US President Donald Trump's tariffs. Tariffs of between 15 per cent and 50 per cent on major economies took effect on Thursday, even as negotiations with Washington continued. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) edged up 0.28 of a point, or 0.02 per cent, to 1,549.39 from Thursday's close of 1,549.11. The benchmark had earlier opened 0.11 of a point lower at 1,549.00. Market breadth was slightly negative, with decliners outnumbering gainers 157 to 111. Another 255 counters were unchanged, 1,990 untraded and nine suspended. Turnover stood at 158.25 million shares worth RM69.68 million. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said Wall Street's mixed close reflected investor caution over the potential impact of Trump's tariffs, which could be felt in the coming months. In the region, Hong Kong's Hang Seng Index extended its uptrend, supported by an unexpected improvement in China's July exports, which rose 7.2 per cent against market expectations of 5.6 per cent. "Additionally, while we believe there could be some foreign buying, we hope this time they will stay a tad longer. For today, we expect the FBM KLCI to trend between the 1,545 and 1,555 range," Thong told Bernama. Among the heavyweights, Maybank and Tenaga Nasional gained two sen each to RM9.65 and RM13.78 respectively, CIMB rose three sen to RM6.81, and Public Bank was flat at RM4.29. IHH Healthcare fell four sen to RM6.91. On the actively traded list, TWL was unchanged at 2.5 sen, Ekovest slipped one sen to 39.5 sen, and Genting lost four sen to RM2.96. NexG and Malayan United Industries added half a sen each to 53.5 sen and 6.5 sen respectively. On the broader market, the FBM Emas Index eased 0.39 of a point to 11,566.15, the FBM Emas Shariah Index shed 7.58 points to 11,598.58, and the FBMT 100 Index edged up 0.41 of a point to 11,341.07. The FBM 70 Index fell 6.69 points to 16,522.28, while the FBM ACE Index dropped 14.72 points to 4,616.16. By sector, the Financial Services Index advanced 20.22 points to 17,514.68, the Plantation Index gained 27.14 points to 7,375.88, the Energy Index rose 0.49 of a point to 735.17, while the Industrial Products and Services Index slipped 0.17 of a point to 157.85.
