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SYARIKAT Takaful Malaysia Bhd plans to increase the paid-up capital of subsidiary Asean Retakaful International (L) Ltd (ARIL) from US$4mil to US$15mil this year, and subsequently to US$50mil, in a bid to strengthen the retakaful capacity of the company.
Malaysia and Bahrain could move Islamic financial instruments to a higher plateau if the financial hubs of both countries could be connected, said Second Finance Minister Datuk Dr Jamaludin Jarjis.
BNP Paribas sees good prospects for offshore lending in the country and expects it to grow in tandem with the export performance and overseas investment activities of Malaysian companies, said Labuan branch general manager/country manager Yap Siew Ying.
JOHOR will pose competition to Singapore when Labuan offshore companies set up marketing offices in the state, but this can only work to Malaysia#039;s advantage if red tape were to be reduced, Ernst amp; Young Tax Consultants Sdn Bhd executive director Lee Choong San said.
NEARLY 20 years after opening its doors for business, Syarikat Takaful Malaysia Bhd is now ready to tap the world market, offering its expertise to the emerging Islamic insurance sector, said Takaful Malaysia chief executive officer Datuk Mohd Fadzli Yusof in an interview.