Foreign insurance listings off?


PETALING JAYA: Plans by overseas insurers to list their Malaysian units in order to comply with foreign ownership rules here, appear to be off.

This comes as Singaporean insurance giant Great Eastern Holdings Ltd said that it has decided instead on the option of making a contribution to the B40 Health Protection Fund, which was announced in the recent Malaysian Budget.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , insurance , limit

   

Next In Business News

Opec again lowers 2024, 2025 global oil demand growth view
UK pay growth cools, keeping BoE on track for another rate cut
He Group bags RM30.60mil contract
Auditor resignations to have no impact on Globetronics ops
Ringgit ends higher against greenback ahead of US inflation report
Bursa Malaysia ends 6-day slide, CI up 8.86pts
Duty Free Intl' unit to jointly develop JB land
Solar District Cooling IPO oversubscribed 144.08 times
Shareholders give nod to Magma's RM100mil RCN issuance
China hobbles Asia shares; US data, Fed meet in view

Others Also Read