MTA Marks 40 Years Of Takaful, Hosts TLAS 2024
SEPANG, Dec 2 (Bernama) -- The Malaysian Takaful Association (MTA) hosted the Takaful Leaders and Agents Summit 2024 (TLAS 2024), reaffirming Takaful's critical role in Malaysia’s financial sector.
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Global Shipping Costs To Remain High Amid Tariff Threats, Red Sea Challenges
By Harizah Hanim Mohamed
KUALA LUMPUR, Dec 1 (Bernama) -- Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff threats and the situation in the Red Sea.
BNM Urges Insurers, Takaful Operators To Review Repricing Strategies For More Reasonable Implementation
KUALA LUMPUR, Nov 28 (Bernama) -- Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITOs) to review their current repricing strategies for more reasonable implementation.
Malaysia's Insurance, Takaful Industry Sees 56 Pct medical Claims Cost Inflation From 2021-2023 - Associations
KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia’s insurance and takaful industry saw unprecedented cumulative medical claims cost inflation rate of 56 per cent from 2021 to 2023, according to several associations.
Bayan Baru MP Calls On BNM To Review 'Excessive' Insurance Premium Hikes
KUALA LUMPUR, Nov 27 (Bernama) -- Bank Negara Malaysia (BNM) has been asked to investigate and review the “excessive” increase in insurance premiums.
Malaysia, Russia To Strengthen Ties, Focusing On Digitalisation, Energy, Trade Opportunities Via ASEAN, BRICS
KUALA LUMPUR, Nov 27 (Bernama) -- Malaysian companies are encouraged to explore the vast opportunities offered by Russian businesses, particularly in digitalisation and information technology (IT), said Roscongress Foundation.
Leong Hup's 3Q Net Profit Rises To RM135.02 Mln, Declares 1.45 Sen Dividend
KUALA LUMPUR, Nov 26 (Bernama) --Leong Hup International Bhd’s net profit rose to RM135.02 million in the third quarter ended Sept 30, 2024 (3Q 2024) from RM132.96 million in the same period last year on stronger performance in the Philippines and Vietnam.
Kerjaya Prospek Property To Continue Expanding Its Land Bank
KUALA LUMPUR, Nov 26 (Bernama) -- Kerjaya Prospek Property Bhd will continue to pursue strategic land acquisitions and expand its land bank, driven by the group's currently robust and resilient financial position while ensuring seamless progress on future development projects.
Growing Demand For Private Health Insurance In ASEAN - Malaysian Re
KUALA LUMPUR, Nov 25 (Bernama) -- There is a growing demand for private health insurance in ASEAN, particularly following the COVID-19 pandemic, said Malaysian Reinsurance Bhd (Malaysian Re).
PM Anwar Will Meet South Korea's Chaebol Leaders, Attract Foreign Investment
From Mohd Shukri Ishak
SEOUL, Nov 24 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet leaders of South Korean conglomerates, or "chaebol", to attract more foreign direct investments to Malaysia.
Icon Offshore Secures Four Key Agreements To Drive Portfolio Growth And Expansion
KUALA LUMPUR, Nov 22 (Bernama) -- Offshore support vessel (OSV) company Icon Offshore Bhd has signed four conditional share sale and purchase agreements (SSPAs) with various vendors for proposed acquisitions.
Outlook For DUAE Segment Remains Positive Despite Capacity Challenges, Says AM Best
KUALA LUMPUR, NOV 22 (Bernama) -- Global credit rating agency, AM Best has maintained its market segment outlook for the delegated underwriting authority enterprise (DUAE) segment at positive, citing its sustained growth and niche expertise, despite potential issues that could arise from capacity challenges and rapid growth.