KUALA LUMPUR, April 8 (Bernama) -- Kingdom, a battery energy storage system (BESS) platform established by Stonepeak, an alternative investment firm, has executed its first long-term project finance loan facility for its Mimasaka project in Japan.
The Mimasaka project is a 29 megawatt (MW) battery energy storage project located in Mimasaka, Okayama Prefecture, Chugoku.
In a statement, the company said MUFG Bank Ltd is the original lender and mandated lead arranger, while batteries for the project are supplied by Contemporary Amperex Technology Co Limited (CATL).
Kingdom Chief Executive Officer, Jay Guo said the company remains committed to supporting Japan’s energy transition goals and looks forward to collaborating with CATL and MUFG.
Meanwhile, Stonepeak Senior Managing Director, Ryan Chua said the transaction strengthens Kingdom’s position as a key player in Japan’s energy storage market.
“We look forward to bringing more of our projects to financial close and into construction in support of Japan’s energy transition targets,” he added.
Headquartered in Singapore, Kingdom owns and manages nine BESS projects in Japan with a combined gross capacity of 479MW, each secured with a 20-year revenue capacity market contract. The Mimasaka project is the first to reach project financing.
-- BERNAMA
Wednesday, April 8, 2026
KINGDOM SECURES FIRST PROJECT FINANCING FOR JAPAN'S MIMASAKA FACILITY
Digital Realty Opens First Asia Pacific Innovation Lab in Japan to Help Accelerate AI and Hybrid Cloud Deployment
New DRIL can accelerate production-scale AI and hybrid cloud deployment in Japan
TOKYO, April 8 (Bernama-GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, today announced the opening of the first Digital Realty Innovation Lab (DRIL) in Asia Pacific, located at the NRT12 data center in Tokyo, Japan.
Established through MC Digital Realty, a joint venture between Digital Realty and Mitsubishi Corporation, the DRIL in Japan is the second globally, following the inaugural facility in Northern Virginia in September 2025, and before the launch of DRIL in Singapore in the second half of 2026.
Strengthening Japan’s AI Ecosystem
Japan is accelerating investments in semiconductor and AI technologies, with plans to invest 10 trillion yen* or more in these sectors by 2030. As AI adoption expands across industries, enterprises require infrastructure capable of supporting high-density, performance-intensive workloads while maintaining operational efficiency and resilience.
The DRIL in Japan will provide Digital Realty’s local partners and customers with a production-grade environment to test and optimize AI and hybrid cloud architectures under real-world conditions. By enabling hands-on evaluation of infrastructure configurations – including both air-cooled and direct liquid-cooled environments – customers can validate performance, power density and cooling strategies before full-scale deployment.
Designed to support advanced AI and high-performance computing use cases, the facility features racks equipped with direct liquid cooling capabilities that enable high-power-density workloads. As of launch, over 20 partner companies are using the DRIL to explore integrated infrastructure to enable faster AI and hybrid cloud implementation.
“We’re seeing strong global demand for infrastructure that can support complex, high-density AI workloads. Japan is uniquely positioned as a growth engine for AI innovation, combining advanced technology infrastructure with access to the broader Asia Pacific market, home to nearly 60 percent of the global population. Expanding DRIL into Japan reflects the market’s digital maturity and gives customers hands-on access to test AI-ready infrastructure, reduce deployment risk, and scale with confidence,” said Chris Sharp, Chief Technology Officer, Digital Realty.
Chris Han, Chief Operating Officer of MC Digital Realty, added, “In Japan, accelerating AI adoption is driving demand for infrastructure capable of supporting increasingly high‑density workloads. This facility enables enterprises to evaluate both air‑cooled and direct liquid‑cooled environments and identify the optimal configuration for their requirements before full‑scale deployment. Leveraging Digital Realty’s world‑class operational expertise and design capabilities, we will continue to deliver solutions tailored to Japan’s evolving digital landscape.”
Connecting Japan’s AI Workloads to the Global Platform
Tokyo’s DRIL will enable businesses in Japan to test performance, optimize configurations, and seamlessly connect to cloud and network providers via ServiceFabric®, Digital Realty’s global interconnection and orchestration platform.
By leveraging Digital Realty’s global operational experience and its Pervasive Datacenter Architecture (PDx®) methodology, customers can evaluate AI deployments, while maintaining flexibility to scale regionally and globally across PlatformDIGITAL®.
Consistent with the global network of DRILs, key features of the Tokyo DRIL include:
TOKYO, April 8 (Bernama-GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, today announced the opening of the first Digital Realty Innovation Lab (DRIL) in Asia Pacific, located at the NRT12 data center in Tokyo, Japan.
Established through MC Digital Realty, a joint venture between Digital Realty and Mitsubishi Corporation, the DRIL in Japan is the second globally, following the inaugural facility in Northern Virginia in September 2025, and before the launch of DRIL in Singapore in the second half of 2026.
Strengthening Japan’s AI Ecosystem
Japan is accelerating investments in semiconductor and AI technologies, with plans to invest 10 trillion yen* or more in these sectors by 2030. As AI adoption expands across industries, enterprises require infrastructure capable of supporting high-density, performance-intensive workloads while maintaining operational efficiency and resilience.
The DRIL in Japan will provide Digital Realty’s local partners and customers with a production-grade environment to test and optimize AI and hybrid cloud architectures under real-world conditions. By enabling hands-on evaluation of infrastructure configurations – including both air-cooled and direct liquid-cooled environments – customers can validate performance, power density and cooling strategies before full-scale deployment.
Designed to support advanced AI and high-performance computing use cases, the facility features racks equipped with direct liquid cooling capabilities that enable high-power-density workloads. As of launch, over 20 partner companies are using the DRIL to explore integrated infrastructure to enable faster AI and hybrid cloud implementation.
“We’re seeing strong global demand for infrastructure that can support complex, high-density AI workloads. Japan is uniquely positioned as a growth engine for AI innovation, combining advanced technology infrastructure with access to the broader Asia Pacific market, home to nearly 60 percent of the global population. Expanding DRIL into Japan reflects the market’s digital maturity and gives customers hands-on access to test AI-ready infrastructure, reduce deployment risk, and scale with confidence,” said Chris Sharp, Chief Technology Officer, Digital Realty.
Chris Han, Chief Operating Officer of MC Digital Realty, added, “In Japan, accelerating AI adoption is driving demand for infrastructure capable of supporting increasingly high‑density workloads. This facility enables enterprises to evaluate both air‑cooled and direct liquid‑cooled environments and identify the optimal configuration for their requirements before full‑scale deployment. Leveraging Digital Realty’s world‑class operational expertise and design capabilities, we will continue to deliver solutions tailored to Japan’s evolving digital landscape.”
Connecting Japan’s AI Workloads to the Global Platform
Tokyo’s DRIL will enable businesses in Japan to test performance, optimize configurations, and seamlessly connect to cloud and network providers via ServiceFabric®, Digital Realty’s global interconnection and orchestration platform.
By leveraging Digital Realty’s global operational experience and its Pervasive Datacenter Architecture (PDx®) methodology, customers can evaluate AI deployments, while maintaining flexibility to scale regionally and globally across PlatformDIGITAL®.
Consistent with the global network of DRILs, key features of the Tokyo DRIL include:
- High-density AI and HPC testing – Support for AI and high-performance computing workloads with high-density colocation, accommodating deployments of up to 150kW per cabinet.
- Energy and cooling-aware testing – Enables enterprises to evaluate AI performance, power density, and efficiency trade-offs before full-scale deployment.
- AI infrastructure optimization – Enables businesses to explore AI-specific power, cooling, and GPU resource requirements in an environment optimized for AI workloads.
- Hybrid cloud validation – Direct cloud connectivity allows enterprises to refine hybrid strategies and seamlessly onboard through ServiceFabric®, Digital Realty’s interconnection and orchestration platform.
- AI workload orchestration – Customers can orchestrate AI workloads across Digital Realty’s Private AI Exchange (AIPx) to enable secure, low-latency integration across distributed environments.
- Latency testing across locations – Enterprises can test latency scenarios, ensuring seamless performance across multiple locations as well as cloud destinations.
The Tokyo facility joins Digital Realty’s plans for a global DRIL network, which supports a growing ecosystem of customers and partners, including AMD, Cisco, and Lenovo, and reinforces Digital Realty’s commitment to enabling AI-ready infrastructure across key digital markets worldwide.
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.
About MC Digital Realty
MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging MC’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s leading global data center platform, PlatformDIGITAL®, with 5,000+ customers across 300+ data centers on six continents. For more information about MC Digital Realty, please visit https://www.mc-digitalrealty.com/ or follow us on LinkedIn.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the company’s partnerships and expected benefits, expected completion dates, emerging technologies including artificial intelligence, ServiceFabric®, the APAC market, customer demand and the company’s strategy. For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/806daefd-c19b-4ed9-a50c-dc7d4e9de622
For Additional Information
Media Contacts
Joyce Ng Digital Realty
jong@digitalrealty.com
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (214) 231-1350
InvestorRelations@digitalrealty.com
SOURCE: Digital Realty Trust, L.P.
About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.
About MC Digital Realty
MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging MC’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s leading global data center platform, PlatformDIGITAL®, with 5,000+ customers across 300+ data centers on six continents. For more information about MC Digital Realty, please visit https://www.mc-digitalrealty.com/ or follow us on LinkedIn.
Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the company’s partnerships and expected benefits, expected completion dates, emerging technologies including artificial intelligence, ServiceFabric®, the APAC market, customer demand and the company’s strategy. For a list and description of risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/806daefd-c19b-4ed9-a50c-dc7d4e9de622
For Additional Information
Media Contacts
Joyce Ng Digital Realty
jong@digitalrealty.com
Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 (214) 231-1350
InvestorRelations@digitalrealty.com
SOURCE: Digital Realty Trust, L.P.
Sunday, March 29, 2026
Axi Launches “The Strategy Room” Podcast Hosted by Kathy Lien
New Axi Select series features traders and market professionals discussing strategy, risk management, and global markets
SYDNEY, March 26 (Bernama-GLOBE NEWSWIRE) -- Global trading firm Axi today announced the launch of The Strategy Room by Axi Select, a new podcast series hosted by renowned currency strategist and BK Forex Managing Director Kathy Lien. The series is designed to provide traders with direct access to the strategies, thinking, and risk management approaches of high-performing traders and respected market professionals.
Aimed at active traders and market enthusiasts, The Strategy Room seeks to bridge the gap between theory and real-world execution by offering insights grounded in practical market experience.
Greg Rubin, Head of Axi Select at Axi, said:
“Sustained trading performance requires more than market access — it demands discipline, structure, and continuous learning. With The Strategy Room, we’re creating a platform where traders can hear directly from top performers within the Axi Select programme and leading industry experts about how they refine strategies and manage risk in dynamic market conditions.”
Hosted by Kathy Lien, widely recognised for her expertise in currency markets and global macro analysis, the podcast will spotlight traders from the Axi Select programme alongside seasoned professionals from across the financial industry. Episodes will examine how market participants adapt to volatility, evolving economic cycles, and emerging trading opportunities.
The launch reflects Axi’s broader commitment to trader education and community engagement through Axi Select, the firm’s capital allocation and trader development programme designed to identify and support talented traders as they scale their strategies.
The Strategy Room by Axi Select will be available on major podcast platforms, with new episodes released regularly. Highlights and exclusive content will also be shared across Axi’s digital channels.
Watch The Strategy Room: https://youtu.be/S2ZJbltwGIo
About Axi
Axi is a global online trading brand offering access to forex, indices, commodities, and digital assets, serving clients in more than 100 countries. Through Axi Select, the firm provides funded trading opportunities and structured trader development support.
Media enquiries: mediaenquiries@axi.com
For full details on the Axi Select program, visit: https://www.axi.com/int/funded-trader-program
The Axi Select program is only available to clients of AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: Axi Trader LLC
DISCLAIMER : BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
SYDNEY, March 26 (Bernama-GLOBE NEWSWIRE) -- Global trading firm Axi today announced the launch of The Strategy Room by Axi Select, a new podcast series hosted by renowned currency strategist and BK Forex Managing Director Kathy Lien. The series is designed to provide traders with direct access to the strategies, thinking, and risk management approaches of high-performing traders and respected market professionals.
Aimed at active traders and market enthusiasts, The Strategy Room seeks to bridge the gap between theory and real-world execution by offering insights grounded in practical market experience.
Greg Rubin, Head of Axi Select at Axi, said:
“Sustained trading performance requires more than market access — it demands discipline, structure, and continuous learning. With The Strategy Room, we’re creating a platform where traders can hear directly from top performers within the Axi Select programme and leading industry experts about how they refine strategies and manage risk in dynamic market conditions.”
Hosted by Kathy Lien, widely recognised for her expertise in currency markets and global macro analysis, the podcast will spotlight traders from the Axi Select programme alongside seasoned professionals from across the financial industry. Episodes will examine how market participants adapt to volatility, evolving economic cycles, and emerging trading opportunities.
The launch reflects Axi’s broader commitment to trader education and community engagement through Axi Select, the firm’s capital allocation and trader development programme designed to identify and support talented traders as they scale their strategies.
The Strategy Room by Axi Select will be available on major podcast platforms, with new episodes released regularly. Highlights and exclusive content will also be shared across Axi’s digital channels.
Watch The Strategy Room: https://youtu.be/S2ZJbltwGIo
About Axi
Axi is a global online trading brand offering access to forex, indices, commodities, and digital assets, serving clients in more than 100 countries. Through Axi Select, the firm provides funded trading opportunities and structured trader development support.
Media enquiries: mediaenquiries@axi.com
For full details on the Axi Select program, visit: https://www.axi.com/int/funded-trader-program
The Axi Select program is only available to clients of AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to our Terms of Service. Standard trading fees and minimum deposit apply.
SOURCE: Axi Trader LLC
DISCLAIMER : BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Saturday, March 28, 2026
1,790 athletes to compete in Sanya Asian Beach Games
 |
2026 Volleyball World Beach Pro Tour Futures (Sanya) & A Test Event for the 6th Asian Beach Games Sanya held in Sanya, Hainan from March 5th to March 8th. |
SANYA, China, March 25, 2026 /Xinhua-AsiaNet/ --
With 30 days to go until the opening ceremony of the 2026 Asian Beach Games in Sanya, the organizing committee announced on Monday that a total of 1,790 athletes have been confirmed to take part.
According to the organizers, national and regional Olympic committees from 45 countries and regions have signed up for the event. Following qualification reviews, the number of registered athletes stood at 1,790 as of March 20.
The Games will feature 14 sports, 15 disciplines and 62 events. The women's beach football event has been canceled due to an insufficient number of teams, while all other events will go ahead as planned.
The top five sports by number of participants are beach handball, dragon boat, beach athletics, ju-jitsu and beach volleyball. Beach handball has attracted the largest number of athletes, with 237.
In terms of delegation size, the top five participating teams are Thailand, China, the Philippines, India and Hong Kong, China.
Li Haigang, deputy secretary-general of the organizing committee, said the overall competition schedule and event timetables have been optimized and will be released soon.
"The detailed timing of events will be clarified to help media and spectators better plan their viewing schedules," he added.
Meanwhile, operational teams at all competition venues have completed multiple rounds of training, tabletop exercises and test events.
"In 30 days, athletes, coaches and officials from across Asia will gather in Sanya to compete amid its blue seas and sandy beaches," Li said. "We will spare no effort in our preparations to provide a high-quality competition environment and deliver splendid Games."
The Games will be held from April 22 to 30.
SOURCE: The 6th Asian Beach Games Sanya 2026 Organizing Committee
--BERNAMA
Friday, March 27, 2026
AM Best Affirms Credit Ratings of Sun Hung Kai Properties Insurance Limited
HONG KONG, March 24 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Sun Hung Kai Properties Insurance Limited (SHKPI) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect SHKPI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The very strong balance sheet strength assessment of SHKPI is underpinned by its risk-adjusted capitalisation, which was at the strongest level in fiscal year-end 30 June 2025 (FY2025), as measured by Best’s Capital Adequacy Ratio (BCAR). The company has been reducing its exposure on high-risk investment classes, including real estate sector bonds and loans securities, while applying a more prudent investment strategy that focuses on cash and high-grade fixed income assets. In light of SHKPI’s prudent investment strategy, AM Best considers its capital level a sufficient buffer to absorb investment risks. Other supporting factors include the company’s strong liquidity position, healthy solvency ratio and appropriate reinsurance programme. Partially offsetting factors include SHKPI’s modest capital and surplus level, relatively high dependency on reinsurance and its investment concentration in real estate properties.
SHKPI has consistently maintained a strong operating performance over the past decade. Despite a lower profit in 2025, driven by less underwriting and investment income, the company achieved a return-on-equity ratio of 9.9%. The company continues to benefit from its group-related business with better quality and minimal acquisition expenses, leading to underwriting results that continuously outperform the market. AM Best also expects the company’s investment performance to stabilize in the short to medium term, supported by a stable stream of interest and dividend income.
AM Best assesses SHKPI’s business profile as neutral. SHKPI is a wholly owned subsidiary of Sun Hung Kai Properties Limited, one of the largest property development and investment conglomerates in Hong Kong. Despite holding a modest share of Hong Kong’s general insurance segment, SHKPI managed to maintain its market position in a profitable manner largely attributable to its group-related businesses. With a focus on commercial business and employees’ compensation insurance, SHKPI benefits from its parental network to write a major part of its business from associated and subsidiary companies, and it continues to operate in a low acquisition cost business model.
Negative rating actions could occur if there is a significant deterioration in SHKPI’s operating performance. Negative rating actions also could arise if there is a material deterioration in SHKPI's risk-adjusted capitalisation, for example, due to material investment losses. Although it is unlikely in the near term, positive rating actions could arise if there is significant improvement in SHKPI's risk-adjusted capitalisation, for example, due to further improvements in its asset quality and capital size.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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 specialising 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 www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
The ratings reflect SHKPI’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The very strong balance sheet strength assessment of SHKPI is underpinned by its risk-adjusted capitalisation, which was at the strongest level in fiscal year-end 30 June 2025 (FY2025), as measured by Best’s Capital Adequacy Ratio (BCAR). The company has been reducing its exposure on high-risk investment classes, including real estate sector bonds and loans securities, while applying a more prudent investment strategy that focuses on cash and high-grade fixed income assets. In light of SHKPI’s prudent investment strategy, AM Best considers its capital level a sufficient buffer to absorb investment risks. Other supporting factors include the company’s strong liquidity position, healthy solvency ratio and appropriate reinsurance programme. Partially offsetting factors include SHKPI’s modest capital and surplus level, relatively high dependency on reinsurance and its investment concentration in real estate properties.
SHKPI has consistently maintained a strong operating performance over the past decade. Despite a lower profit in 2025, driven by less underwriting and investment income, the company achieved a return-on-equity ratio of 9.9%. The company continues to benefit from its group-related business with better quality and minimal acquisition expenses, leading to underwriting results that continuously outperform the market. AM Best also expects the company’s investment performance to stabilize in the short to medium term, supported by a stable stream of interest and dividend income.
AM Best assesses SHKPI’s business profile as neutral. SHKPI is a wholly owned subsidiary of Sun Hung Kai Properties Limited, one of the largest property development and investment conglomerates in Hong Kong. Despite holding a modest share of Hong Kong’s general insurance segment, SHKPI managed to maintain its market position in a profitable manner largely attributable to its group-related businesses. With a focus on commercial business and employees’ compensation insurance, SHKPI benefits from its parental network to write a major part of its business from associated and subsidiary companies, and it continues to operate in a low acquisition cost business model.
Negative rating actions could occur if there is a significant deterioration in SHKPI’s operating performance. Negative rating actions also could arise if there is a material deterioration in SHKPI's risk-adjusted capitalisation, for example, due to material investment losses. Although it is unlikely in the near term, positive rating actions could arise if there is significant improvement in SHKPI's risk-adjusted capitalisation, for example, due to further improvements in its asset quality and capital size.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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 specialising 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 www.ambest.com.
Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260320958908/en/
Contact
Aaron Li
Financial Analyst
+852 2827 3426
aaron.li@ambest.com
Lucie Huang
Associate Director
+852 2827 3414
lucie.huang@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
Contact
Aaron Li
Financial Analyst
+852 2827 3426
aaron.li@ambest.com
Lucie Huang
Associate Director
+852 2827 3414
lucie.huang@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
Thursday, March 26, 2026
KYMETA UNVEILS FUTURE-READY MULTI-ORBIT SATCOM TERMINAL
KUALA LUMPUR, March 26 (Bernama) -- Kymeta Corporation, a flat-panel satellite terminal manufacturer, has launched its new Kestrel u5, a compact multi-orbit satellite communications (SATCOM) terminal designed for unmanned systems, national security operations, and high-speed industrial mobility.
The terminal enables seamless connectivity across multiple networks and constellations, including Low Earth Orbit (LEO), Geostationary Earth Orbit (GEO), Highly Elliptical Orbit (HEO), and elliptical orbits, allowing users to adapt to diverse mission requirements.
Built for demanding environments, the Kestrel u5 features a lightweight, low-profile, and rugged design suitable for operations on land and at sea. It supports full-duplex communication and remote upgrades, ensuring future-ready performance in rapidly evolving operational landscapes.
According to Kymeta in a statement, the terminal incorporates a no-moving-parts architecture for easy installation on unmanned vessels and next-generation vehicles.
Its durability-focused design includes shock absorption and advanced radome technology, enabling high performance even in harsh conditions, including exposure to water and extreme environments.
The Kestrel u5 is also equipped with Low Probability of Detection/Interception (LPD/LPI) capabilities, offering a low thermal signature supported by low power consumption and a passive cooling system, enhancing operational security and resilience.
Beyond defence applications, the terminal is suitable for commercial use in sectors such as rail, construction, mining, and agriculture, where it can be mounted on vehicles to deliver reliable, high-speed connectivity.
The Kestrel u5 is now available for order, with production units expected to be released within the next month, followed by broader availability as Kymeta scales production to meet demand.
-- BERNAMA
The terminal enables seamless connectivity across multiple networks and constellations, including Low Earth Orbit (LEO), Geostationary Earth Orbit (GEO), Highly Elliptical Orbit (HEO), and elliptical orbits, allowing users to adapt to diverse mission requirements.
Built for demanding environments, the Kestrel u5 features a lightweight, low-profile, and rugged design suitable for operations on land and at sea. It supports full-duplex communication and remote upgrades, ensuring future-ready performance in rapidly evolving operational landscapes.
According to Kymeta in a statement, the terminal incorporates a no-moving-parts architecture for easy installation on unmanned vessels and next-generation vehicles.
Its durability-focused design includes shock absorption and advanced radome technology, enabling high performance even in harsh conditions, including exposure to water and extreme environments.
The Kestrel u5 is also equipped with Low Probability of Detection/Interception (LPD/LPI) capabilities, offering a low thermal signature supported by low power consumption and a passive cooling system, enhancing operational security and resilience.
Beyond defence applications, the terminal is suitable for commercial use in sectors such as rail, construction, mining, and agriculture, where it can be mounted on vehicles to deliver reliable, high-speed connectivity.
The Kestrel u5 is now available for order, with production units expected to be released within the next month, followed by broader availability as Kymeta scales production to meet demand.
-- BERNAMA
Tuesday, March 24, 2026
CHINA TAIPING INSURANCE (MACAU) AFFIRMED EXCELLENT RATINGS BY AM BEST
KUALA LUMPUR, March 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM), with a stable outlook.
The credit ratings (ratings) reflect CTIM’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management, according to AM Best in a statement.
CTIM’s risk-adjusted capitalisation, measured by Best’s Capital Adequacy Ratio, remains at the strongest level. The insurer reported robust capital and surplus growth, reaching 1.053 billion Macanese pataca (US$132 million) in 2025 based on unaudited figures. (US$1=RM3.92)
Its conservative investment strategy—focused on cash and investment-grade bonds—alongside a comprehensive reinsurance programme with high-quality counterparties, continues to support its financial position, although moderate reliance on reinsurance partially offsets these strengths.
Operating performance has remained solid, with a five-year average return on equity of 17.8 per cent from 2021 to 2025. Underwriting results have outperformed industry averages, while stable investment income has supported earnings.
In 2025, the net combined ratio improved, driven primarily by lower loss ratios in motor and employees’ compensation segments.
Investment returns have remained consistent at mid-single-digit levels over the past two years and are expected to continue contributing stable income streams from interest, dividends, and rental sources.
CTIM retains a leading position in Macau’s non-life insurance market, holding an estimated 34 per cent share based on gross premiums written in 2025. Its diversified underwriting portfolio and distribution channels, including expanding digital platforms and cross-selling initiatives with affiliates of China Taiping Insurance Group Ltd, underpin its market strength.
-- BERNAMA
The credit ratings (ratings) reflect CTIM’s very strong balance sheet, strong operating performance, neutral business profile, and appropriate enterprise risk management, according to AM Best in a statement.
CTIM’s risk-adjusted capitalisation, measured by Best’s Capital Adequacy Ratio, remains at the strongest level. The insurer reported robust capital and surplus growth, reaching 1.053 billion Macanese pataca (US$132 million) in 2025 based on unaudited figures. (US$1=RM3.92)
Its conservative investment strategy—focused on cash and investment-grade bonds—alongside a comprehensive reinsurance programme with high-quality counterparties, continues to support its financial position, although moderate reliance on reinsurance partially offsets these strengths.
Operating performance has remained solid, with a five-year average return on equity of 17.8 per cent from 2021 to 2025. Underwriting results have outperformed industry averages, while stable investment income has supported earnings.
In 2025, the net combined ratio improved, driven primarily by lower loss ratios in motor and employees’ compensation segments.
Investment returns have remained consistent at mid-single-digit levels over the past two years and are expected to continue contributing stable income streams from interest, dividends, and rental sources.
CTIM retains a leading position in Macau’s non-life insurance market, holding an estimated 34 per cent share based on gross premiums written in 2025. Its diversified underwriting portfolio and distribution channels, including expanding digital platforms and cross-selling initiatives with affiliates of China Taiping Insurance Group Ltd, underpin its market strength.
-- BERNAMA
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