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Business

European insurance stocks drop after blasts

Allianz AG said it was facing a euro1 million to euro9 million (US$1.2 million to US$10.7 million) exposure from the bus and subway explosions in London on Thursday because of its participation in a terrorist-risk coverage plan led by the British government.

Other Sport

Olympic champion Taufik storms into the final

Olympic champion Taufik Hidayat of Indonesia marched into the men's singles final of the US$170,000 Aviva Singapore Open badminton championships when he snuffed out top seed and world No 1 Lin Dan of China in the semi-finals with a thrilling 15-12, 15-8 win at the Singapore Indoor Stadium yesterday in 53 minutes.

Other Sport

Malaysia's last surviving pair Eei Hui-Pei Tty fall to Indonesians

Malaysia's campaign in the US$170,000 Aviva Singapore Open at the Singapore Indoor Stadium last night ended on a sad note when the country's last hope, Chin Eei Hui-Wong Pei Tty, were beaten in the women's doubles quarter-finals by Indonesian qualifiers Jo Novita-Gresya Polii.

Other Sport

Ronald sends Choong Hann out

World Championship bound Wong Choong Hann suffered another body blow when he fell by the wayside in only the second round of the Aviva Singapore Open badminton championships at the Singapore Indoor Stadium here last night.

Business

Veteran banker joins Salcon

FORMER Ban Hin Lee Bank Bhd chairman and chief executive officer Datuk Seri Goh Eng Toon and his family are believed to be Salcon Bhd's new major shareholders, sources said.

Business

Mitsui gross premiums to reach RM340mil this year

MITSUI Sumitomo Insurance (M) Bhd, which hopes to complete its merger with Aviva Insurance Bhd this year, is targeting a gross written premium of RM340mil by the year-end from RM315mil last year, owing to strong business operations, chief executive officer Fabian Wong said.

Business

MSI aims to lead in cargo and fire upon merger with Aviva

MITSUI Sumitomo Insurance (M) Bhd (MSI) expects to be the market leader in the marine cargo and fire insurance business in Malaysia upon completion of its merger with Aviva Insurance Bhd, MSI executive director Susumu Ichihara said.

Business

Aviva expects Internet portal to spearhead growth

AVIVA Insurance Bhd, a top fire insurer and the second largest travel insurance provider in the country, expects its Internet portal, GenLink, to spearhead company growth this year, chief executive officer Song Yam Lim said.

Other Sport

Malaysian bowlers sweep in Jakarta

The Malaysian women bowlers made a perfect start to the year when four of them #8211; Shalin Zulkifli, Sarah Yap, Wendy Chai and Esther Cheah - swept into the semi-finals of the Asian Bowling Federation (ABF) Grand Finals at the Jaya Ancol Bowl in Jakarta yesterday, guaranteeing the country the title.

Other Sport

Mixed doubles pair make history by entering final in Singapore

They came together as a pair in September and do not even train together. But in just two months, Koo Kien Keat, 19 and Wong Pei Tty, 23, have created Malaysian badminton history - by becoming the first mixed doubles pair ever to reach the final in an international tournament.