BAT to close factory in M’sia under restructuring exercise – Business … – The Star Online

This 2011 file photo shows workers at the Petaling Jaya factory. KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) will cease its manufacturing operations in the country under an operations restructuring that will see it sourcing tobacco products for the domestic market from other British American Tobacco group factories regionally. The tobacco firm – whose…

Company directors and insurers call for removal of liability insurance obstacles – The Australian Financial Review

Gabrielle Upton says directors need certainty about whether their insurance can fund their costs to defend a claim. Wolter Peeters by Marianna Papadakis NSW Attorney-General Gabrielle Upton has asked the NSW Law Reform Commission to review insurance laws that could prevent directors and officers from accessing their personal liability insurance. Ms Upton said the laws…

Fitch Rates Shinhan Bank’s Basel III Tier 2 Notes at ‘BBB+(EXP)’ – Reuters

(The following statement was released by the rating agency) SEOUL/SINGAPORE, March 17 (Fitch) Fitch Ratings has assigned a ‘BBB+(EXP)’ expected rating to South Korea based Shinhan Bank’s (Shinhan; A/Stable) proposed US dollar denominated subordinated unsecured notes. This is Shinhan’s first offshore issue of a Basel III-compliant Tier 2 instrument. Fitch expects the notes to have…