Explore Alternatives Before Quitting Medical Insurance, Takaful Plans, Urges FPAM

KUALA LUMPUR, Dec 18 (Bernama) -- Medical insurance or takaful policyholders are urged to consider alternatives such as exploring policy adjustments or reviewing the existing coverage before terminating their policies.

Malaysia’s Non-life Insurance Sector Remains Stable Despite Climate Risks - AM Best

KUALA LUMPUR, Dec 18 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Malaysia’s non-life insurance segment, citing sustained underwriting and pricing discipline.

ACE Market-bound Northern Solar Aims To Raise RM42.4 Mln From IPO

KUALA LUMPUR, Dec 18 (Bernama) -- Solar renewable energy specialist Northern Solar Holdings Bhd aims to raise RM42.4 million through its initial public offering (IPO) in conjunction with its listing on the ACE Market of Bursa Malaysia. 

Govt To Study Portability Of Medical Insurance, Takaful Products - Lim

KUALA LUMPUR, Dec 5 (Bernama) -- The government will study the feasibility of the proposed portability of medical and health insurance/takaful (MHIT) products to ensure continuous and effective access to care, said Deputy Finance Minister Lim Hui Ying. 

Deleum Acquires 70 Pct Stake In Indonesia’s PT OSA For RM31.3 Mln

KUALA LUMPUR, Dec 5 (Bernama) -- Deleum Bhd’s (Deleum) wholly-owned subsidiary, Deleum Services Sdn Bhd, today has signed a share purchase agreement to acquire a 70 per cent stake in PT OSA Industries Indonesia Pte Ltd (PT OSA) for US$7 million (RM31.3 million).

Bursa Malaysia Remains Higher At Midday

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia remained higher at midday, supported by buying in selected heavyweights led by consumer products and services, industrial products and services, as well as plantation.

Syarikat Takaful Malaysia Keluarga Posts Higher 3Q Net Profit Of RM100.65 Mln

KUALA LUMPUR, Nov 29 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd has posted a higher net profit of RM100.65 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared to RM91.10 million in the same period last year.

Asia Digital Engineering Well-placed To Seek Listing Due To Strong Earnings, Strategic Growth

SEPANG, Dec 2 (Bernama) -- Maintenance, repair and overhaul (MRO) service provider Asia Digital Engineering Sdn Bhd (ADE) is set to chalk up significantly higher revenue next year, which will position it well financially to seek listing sooner rather than later.

BSN Celebrates 50th Anniversary, Commits To 100 Pct Nationwide Service Coverage

KUALA LUMPUR, Nov 29 (Bernama) -- Bank Simpanan Nasional (BSN) is committed to achieving 100 per cent service coverage nationwide, in line with the aspirations of the MADANI government.

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. 

Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.

EdgePoint Sees Up To 30 Pct Growth In Number Of New Tower Sites In Malaysia

By Harizah Hanim Mohamed

KUALA LUMPUR, Nov 26 (Bernama) -- Telecommunications tower infrastructure company EdgePoint Towers Sdn Bhd expects to record growth of between 20 per cent and 30 per cent for new telecommunications tower sites in Malaysia as the company secures new partnerships with mobile network providers, said chief executive officer Muniff Kamaruddin.