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Apac insurers to face more pressure, says Moody’s

KUALA LUMPUR: The outlook for the life and property and casualty (P&C) insurance industry in Asia Pacific (Apac) is stable, supported by solid capital levels and improving product mixes, despite the emergence of rising asset risks, says Moody's Investors Service.

“Given the likelihood of more volatile economic and capital markets developments in 2019, the investment performance of Apac insurers will experience pressure," Moody's says.

Ong: Five foreign firms shut down from May to September

KUALA LUMPUR: Five manufacturing companies involving foreign investors closed down during the May-September period, involving investments worth RM308.7mil, said Deputy Trade and Industry Minister Ong Kian Ming.

“Other factors which led to foreign investors withdrawing their investments from Malaysia include the contraction in the global economy and market volatility resulting from the decline in demand and sales,” Ong told the Dewan Rakyat yesterday