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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.

TH cutting exposure to stock market

KUALA LUMPUR: Lembaga Tabung Haji (TH) is targeting to reduce its exposure to the stock market next year, which will see the pilgrim fund divesting a portion of its stakes in 103 listed companies on Bursa Malaysia

Playing it safe: Zukri speaking at the press conference. He says about half of TH’s assets are in the stock market and that it is targeting to reduce this to 20%.

Construction sector downgraded, lower margins seen

PETALING JAYA: Lower-than-anticipated margins will become the new normal for contractors as they compete for new projects in the near term, due to more prudent spending by the government, said UOB Kay Hian Research.

AmBank Research has also downgraded the construction sector to underweight from neutral.

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