Jerneh to begin business in Indonesia by Q1
JERNEH Asia Bhd expects to start life insurance business in Indonesia by the first quarter of next year, said its managing director Tam Chiew Lin.
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Great Eastern sees RM100m sales from new product
GREAT Eastern Life (Malaysia) Bhd expects RM100 million in sales for its latest single premium investment-linked product.
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Manulife hopes to maintain 18 sen dividend for FY08
Manulife Insurance (Malaysia) Bhd hopes to maintain its dividend payout of 18 sen for the 2008 financial year (FY08), fuelled by its strong life premium growth.
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MCIS Zurich, CSA sign 5-year services contract
MCIS Zurich Insurance Bhd (MZ) and Computer Systems Advisers (M) Bhd (CSA) have sealed a five-year managed services and IT hardware contract, which will see CSA providing IT services and Hewlett-Packard (HP) desktop and mobility hardware to MZ.
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Takaful Ikhlas targets RM500mil premiums
akaful Ikhlas Sdn Bhd, a subsidiary of MNRB Holdings Bhd, is targeting RM500mil in premiums for the 2008/2009 financial year.
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New rules on info of deposit insurance
he Malaysia Insurance Deposit Corp (PIDM) is expected to notify banks on new regulations on the provision of information on deposit insurance to the public in the third quarter this year.
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Citi to help insurers in financial reporting
Citi, rebranded from Citigoup, sees itself in a good position to help insurers cope with the upcoming risk-based capital (RBC) framework and increase the insurance penetration rate in Malaysia.
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HSBC Amanah Takaful aims to double premiums
HSBC Amanah Takaful (M) Sdn Bhd, the Islamic insurance unit of HSBC Bank Malaysia Bhd, aims to double its new business premiums to about RM350mil this year from RM185mil last year, backed by a range of new products.
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Manulife to bank on retirement product
Manulife Insurance (M) Bhd expects its new retirement product — a first in the country offering income for life upon retirement — to contribute significantly to its annual revenue growth.
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Manulife looks to diversify into takaful
Manulife Insurance (M) Bhd wants to enter the Islamic insurance or takaful market as part of its strategy to diversify into other areas of financial services.
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Manulife to set up asset management firm
MANULIFE Insurance (Malaysia) Bhd wants to set up its own asset management company by the fourth quarter of this year, said its top executive.
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MAA top agent’s success formula
Applying the “80:20” rule and formulating strategies based on her initials led Fauziah Mohd Amin to the highest insurance industry award, Top of the Table (TOT), again.
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AXA Affin targets RM500m premiums
AXA Affin General Insurance Bhd has set a gross premium of RM500mil by 2012.
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New feeder fund from MAA
KUALA LUMPUR: MAA International Assurance Ltd, an offshore composite insurance arm of MAA Holdings Bhd, is targeting about S$30mil sales in the first year for its latest product, the Global Natural Resources Fund.
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MNRB buying 9.99%of UK Islamic insurer
MNRB Holdings Bhd has proposed to invest £8.96 million (RM57.8 million) cash in non-listed British Islamic Insurance Holdings Ltd (BIIH) by subscribing for a maximum of 9.99% equity stake in the latter.
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Insurers tapping growth opportunities abroad
Malaysian insurers are making their presence felt in the region, capitalising on untapped markets in emerging economies to offset effects of a crowded and competitive market at home.
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Prudential launches new PRUlink income retirement plan
Prudential Assurance Malaysia Bhd is targeting individuals aged 35 to 60 years for its new PRUlink income retirement plan.
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Fraudulent claims cost insurers RM500m annually
Some RM500 million or 15% of Malaysia’s annual insurance claims of about RM3 billion contain fraudulent elements, said an industry association.
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Cover Story: How AMBANk banks on insurance
Elena Tan, a middle management executive at a large listed company, finds it a hassle to renew her car insurance policy and road tax every year, as she would have to take time off from her usually busy schedule.
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Corporate: WiMax an insurance for mobile operators
All three local mobile operators have bid for the 2.3GHz WiMax wireless broadband spectrum. Even MiTV Corp Bhd, one of the two winners of a third generation (3G) spectrum last March, is among the 17 that applied for the spectrum in mid-July.
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Takaful Ikhlas on track to get RM400m premiums
PETALING JAYA: Takaful Ikhlas Sdn Bhd, one of the top four takaful insurance operators, is on track to achieve RM400mil premium for its financial year ending March 31, 2008.
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New AmAssurance life plan
AmAssurance Bhd plans to boost its life insurance premium income by 20% for the financial year ending March 31 with the launch of its new product, AmFlexi Plan.
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Getting your money’s worth
Following a financial plan will keep us from spending unwisely.
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Moody's releases rating results for Malaysian banks
Moody’s Investors Service has released the rating results for banks in Malaysia based on its joint default analysis and updated bank financial strength rating (BFSR) methodologies.
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Appointments
SYARIKAT Takaful Malaysia Bhd has appointed Hassan Kamil group managing director effective April 1
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Appointments
Malaysia National Insurance Bhd chief executive officer Zainal Abidin Mohd Noor has been elected chairman of the General Insurance Association of Malaysia
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Manulife moving up value chain
MOVING the agency channel up the value chain – that is one of the key areas which mid-size insurer Manulife Insurance (M) Bhd will focus on to compete with major players in the growing and competitive insurance market
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Spotlight on banking
Analysts bullish about sector but believe it’s near tail-end of M&As.
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Takaful Malaysia targets 20% premium growth
Syarikat Takaful Malaysia Bhd is targeting 20% growth in total premiums this year, according to director and chief executive officer Md Azmi Bin Abu Bakar
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A Special Insurance Coverage
SOME 470 households in Bandar Puteri 8 Puchong received burglary insurance of RM10,000 each recently to ensure protection for their homes and household contents.
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HSBC Bank aims to boost customer base
HSBC Bank Malaysia Bhd aims to at least double its insurance products penetration among its existing customers from the current 30% within two years.
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RHB Insurance sees RM220mil premiums
RHB Insurance Bhd forecasts a 10% growth in its premiums to RM220mil next year from RM200mil expected this year, said chief executive officer Koh Heng Kong.
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Financial service sector potential growth driver in 9MP
Although analysts have singled out agriculture, biotechnology, education and training, construction, and information and communications technology as sectors to receive a boost under the Ninth Malaysia Plan (9MP), the importance of the financial services sector in driving growth cannot be ignored.
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Buy insurance, travelers advised - 14/3/2007
Malaysians who travel overseas have been advised to buy travel insurance so that they will be covered in the event of any mishap or medical crisis while abroad.
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Jerneh Insurance revamp is part of strategy to face competition 14/3/2007
GENERAL insurer Jerneh Insurance Bhd recently launched its new corporate identity to help differentiate its products and services in the vibrant Malaysian insurance sector
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Insurance players welcome new ruling by Bank Negara - 14/3/2007
The recent Bank Negara guidelines on the removal of the 2% sub-limit on investment in foreign assets will provide more flexibility for insurers and help them invest efficiently in a particular market, according to industry players.
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Have intelligent investment strategy - 14/3/2007
Last year the Securities Industry Development Centre (SIDC) organised an essay competition titled My Investment Experience with the objective of getting investors to share their investment experience, good or bad. This week, we feature a winning essay by GAN HONG LEONG from Bentong.
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Investors want good capital management - 14/3/2007
In the past, companies with huge cash piles were usually perceived as good and prudent. But with investors becoming more discerning, they are no longer impressed when large cash reserves are left idle for too long.
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MAA beefs up response team - 14/3/2007
Malaysian Assurance Alliance Bhd (MAA Assurance) is beefing up its emergency response team to ensure claims are promptly met in the event of natural disasters or catastrophes in the country
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AXA Affin plans new products to meet market needs - 14/3/2007
AXA Affin Life Insurance Bhd aims to introduce new products in the first year of operation after it has studied the needs of the market, said acting chief executive officer Leigh McConnon.
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仍在已逝世者名下,400億財物無人認領.
全國約有400億令吉的現金和產業仍在已離世者的名下，他們的後代至今還沒認領.未被認領的包括土地與產業約有380億令吉、未認領現金有15億令吉、公積金局7000萬令吉。此外，超過百萬的土地權仍在離世者名下，至今未辦理"割名"手續。
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納吉：避免產業沒人認領.
副首相拿督斯里納吉促請國人，在生前立下遺囑.他說，如果一個人沒有立下遺囑，他死後所留下的產業將沒有人認領。
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基金關閉，是好是壞？
若有一天在閱讀財經新聞時，看見有一項基金將于某月某日關閉，我們是否知道它包含甚麼定義嗎？在投資學里，無論我們已持有這些基金的單位，或希望在基金關閉前作投資，都必須清楚明白關閉基金的特質、關閉的原因以及其他重要的因素。
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市場及領域分析:"由上而下"投資策略.
對於許多喜愛投資股票的投資者來說，瞭解市場的循環和各領域在不同時期的表現尤其重要。
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Investing companies - dated 23/01/2007
Here is a look at a few of the Malaysian listed companies that have made headway in West Asia recently.
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2007 Malaysia fixed income outlook - dated 23/01/2007
DESPITE patchy economic growth and strong inflation earlier in the year, 2006 ended on a note of robust growth and more benign inflation. Real gross domestic product (GDP) grew 5.8% in the third quarter of 2006 (3Q06), following revised figures of 5.9% and 6.2% respectively for the year's first two quarters.
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Lower corporate tax trend - dated 23/01/2007
MANY economists expect Malaysian companies to enjoy lower corporate tax rates beyond 2008.
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Insurance cover for the needy - dated 23/01/2007
Kelantan is introducing a social welfare protection scheme that will offer insurance coverage to the poor, senior citizens and single mothers
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The Colour Of Money - dated 19/12/2006
Are you aware that money come in various colours. Money uses can be segmented into four different types.Serious money is money to be used for serious needs such as education, retirement, medical expenses, long term and others.
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Steps In Setting Up A Saving Plan - dated 19/12/2006
What is the fifth point of a compass?The fifth point of a compass is where are you right now. Similarly, it is important in personal financial planning to know your current Net Worth- where are you right now. NET WORTH is simply the difference of what you OWN less what you OWE.
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Smart Guide To Fund Investing - dated 19/12/2006
RULE # 1 Choose low cost funds
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Show Me The Money - dated 19/12/2006
All of us have to go through a series of life events such as going to school, graduation, a first job, purchase of a house, the marriage, raising kids, someone in the family falls sick or died, putting the kids to college, our own retirement and family death.
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Adjusting For The Shortfall In Retirement Planning - dated 19/12/2006
By post phoning on retirement, you have a longer earning curve thus increasing your saving propensity and reducing your spending.Besides when you are working, you can travel on company expenses and reimburse by company medical plans when you are sick.
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Nine Steps To A Golden Retirement - dated 19/12/2006
A famous author once said, “Put the end the beginning? Yes, to plan for a golden retirement, you have to visualise your retirement days.
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Good fund manager makes the difference
In this final part of our weekly series exploring investment opportunities, we look at options for a person who has at least RM1mil to invest.
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Overview and outlook
FORTUNES change with startling speed in financial markets, and a recap of 2006 thus far reveals another vital year for capital markets, punctuated by events that shaped the direction of the Malaysian economy.
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KLCI, Crossing the magic 1,000 mark
For the first time in six years, the key index has nudged close to the all-important psychological thousand mark. TEE LIN SAY has the story.
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