Latest news with #Guide
Straits Times
2 days ago
- Business
- Straits Times
Tastemakers: Wake up to better tasting capsule coffee with Singapore's Morning
Mr Leon Foo, co-founder of Morning, at its retail store at New Bahru. ST PHOTO: NG SOR LUAN SINGAPORE – In Britain , in Germany, in Russia, in South Korea, in Thailand and, indeed, in Singapore, there are people who wake up, slot a coffee capsule from an artisanal roaster into their coffee machine, push a button and wait for their cuppa joe to flow, not gush, out of it. That sleek machine – The Morning Machine or MM730 – was developed in Singapore by Morning, a home-grown start-up. Its co-founders are coffee industry veteran Leon Foo, 42, and Taiwanese entrepreneur Bowen Chiou, 33, who was running his family's manufacturing business in Taiwan when they met. Check out ST's Food Guide for the latest foodie recommendations in Singapore.
Yahoo
2 days ago
- Business
- Yahoo
New food court features Michelin Guide hawkers & famous hawker brands, to open in Jun
Another new food court in the works? That's right! Hawkers' Street has arrived at Eastpoint Mall in Simei and will open on 19 Jun after construction work is completed. The new food court was first spotted around 7 May by netizens living in the East. As it is still under construction, the units on Level 3 of the mall have been boarded. Information such as the contact details of Hawkers' Street, the opening date and featured brands are displayed on the boards for easy reference. Hawkers' Street is an eatery concept that aims to bring famous and iconic hawkers closer to all Singaporeans, regardless of location. Its goal is to make sure hawker culture lives on by gathering hawkers under one roof in a food court setting. Due to the food court's concept, the stalls will be set in a 1960s street hawker-themed arrangement meant to evoke nostalgia and reflect the heritage and history of Singaporean hawker culture. Now that Hawkers' Street has made its way to Eastpoint Mall, Eastside residents can expect to see a large variety of food options both old and new. More notably, there will be 4 Michelin Guide mentions, 3 of which originate from the West. Michelin Bib Gourmand charcoal roasted meat stall Fei Fei Roasted Noodle and fish soup stall Tai Seng Fish Soup from Yuhua Village, and Guide mention Loong Kee Yong Tau Fu from 505 Jurong West Market & Food Centre hail from Jurong. Meanwhile, Michelin Guide Tai Wah Pork Noodle is a chain with outlets islandwide. Hawkers' Street Eastpoint also features well-known local brands, some of which you might have seen in your local coffeeshops. These include the chain King of Fried Rice, Hill Street Hainanese Curry Rice, Hill Street Coffeeshop and Top 1 Home Made Noodle from Beauty World. Hawkers' Street has a nearby outlet at Tampines 1. However, it has yet to branch out to the West, much to the disappointment of several netizens. Perhaps its future plans will touch on this possibility? Stompers debate about table hogging couple during peak hours The post New food court features Michelin Guide hawkers & famous hawker brands, to open in Jun appeared first on
Yahoo
3 days ago
- Business
- Yahoo
AM Best Assigns Issue Credit Rating to The Northwestern Mutual Life Insurance Company's New Surplus Notes
OLDWICK, N.J., May 30, 2025--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "aa" (Superior) to the $1 billion, 6.17% surplus notes, due 2055, issued by The Northwestern Mutual Life Insurance Company (Northwestern Mutual) (Milwaukee, WI). The outlook assigned to this Credit Rating (rating) is stable. The proceeds from the surplus notes offering will be used for general corporate purposes. The newly issued surplus notes will remain subordinated to policyowner liabilities. Financial leverage and interest coverage are expected to remain within AM Best's guidelines for the assigned rating. The existing ratings of Northwestern Mutual continue to reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and very strong enterprise risk management. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Kevin Varvaro Senior Financial Analyst +1 908 882 2410 Michael Porcelli Senior Director +1 908 882 2250 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
AM Best Removes From Under Review With Developing Implications and Upgrades Credit Ratings of Velocity Specialty Insurance Company
OLDWICK, N.J., May 29, 2025--(BUSINESS WIRE)--AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "a-" (Excellent) of Velocity Specialty Insurance Company (VSIC) (Wilmington, Delaware). The outlook assigned to these Credit Ratings (rating) is stable. The ratings reflect VSIC's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The removal from under review with developing implications and rating upgrades reflect the completion of VSIC's acquisition by FM Group (FM) in early May 2025. Due to the implicit and explicit support received as a recently acquired entity, as well as the higher ratings and larger capital base of its new parent, a notch of rating enhancement was extended to VSIC's Long-Term ICR. FM intends to utilize VSIC to add excess and surplus lines capabilities to augment its core business and broaden its reach in the middle market property segment. In addition, technology and analytical innovations created at VSIC are expected to be integrated into FM's businesses, where applicable. The company also benefits from FM participating as a quota share reinsurer on its most recent program. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Connor Brach, CFA, FRM Associate Director +1 908 882 1668 Daniel Ryan Senior Director +1 908 882 2290 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
AM Best Revises Outlooks to Positive for Cooperativa de Seguros Multiples de Puerto Rico
OLDWICK, N.J., May 29, 2025--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Cooperativa de Seguros Multiples de Puerto Rico (CSM) (San Juan, PR). The Credit Ratings (ratings) reflect CSM's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The outlook revisions to positive are based on CSM's improved operating performance metrics resulting from underwriting initiatives implemented in previous years. As a result, the company's five-year average pre-tax returns on revenue and equity compared favorably to the composite. Also, the company's five-year average combined and operating ratios also compared favorably to the composite. Although the company's expense ratio is somewhat elevated, overall return metrics have been stable. AM Best expects CSM's prospective underwriting and operating results to remain favorable over the intermediate term, while maintaining its strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio. If the favorable operating trends continue it could result in an upgrade of CSM's operating performance building block assessment. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Janet Hernandez Senior Financial Analyst +1 908 882 1890 Joseph Burtone Director +1 908 882 1678 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
