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Setia Alam ready to take off

SP SETIA Bhd can look forward to stronger earnings now that its latest landmark project, Setia Alam in Shah Alam, is ready to take off next month.


Great Eastern to unveil new income plan in April

GREAT Eastern Life Assurance (M) Bhd will be introducing a new product called I>Great Junior Advantage/Iin April, pending Bank Negara approval, director and chief executive officer Alex Foong said.


Mergers can spice up insurance stocks

ALTHOUGH insurance companies have not been star performers on the MSEB over the past year, interest in these stocks could pick up should two pending mergers - for which talk had started last year - materialise this year.


Reports on Temasek buy spills excitement on PacificMas

THE excitement over unconfirmed reports that Singapore's state investment arm Temasek Holdings is set to acquire a stake in Alliance Bank Malaysia Bhd from Malaysian Plantations Bhd appears to have spilled over to PacificMas Bhd, which is in the midst of merging with a Singapore partner.


SP Setia unit to sell land to PKNS for RM214mil

SP Setia Bhd unit Bandar Setia Alam Sdn Bhd has signed an agreement to sell 614.26 acres in Selangor to the Selangor State Development Corp (PKNS) for RM214.06mil cash or RM8 per sq foot.


Types of insurance cover for National Service

A compensation of RM49,000 will be paid out to the family of a national service trainee in the event of death while undergoing the programme.


Great Eastern targets 20% growth in 2004 sales

GREAT Eastern Life Assurance (M) Bhd is targeting a 20% growth in sales this year, director and chief executive officer Alex Foong Soo Hah said.


Najib: RM100 monthly allowance for NS trainees

National service trainees will receive a RM100 monthly allowance for the duration of their three-month training, said Deputy Prime Minister Datuk Seri Najib Tun Razak.


Public Bank to distribute Great Eastern cashback plan

Public Bank Bhd has signed an agreement with Great Eastern Life Assurance (M) Bhd to distribute a five-year single premium endowment plan at all its branches nationwide.

AseanPlus News

Manager jailed for false claims

AFTER a fall at work, a manager claimed that he became deaf in one ear, blind in one eye and completely paralysed in one arm. So he filed a multi-million-dollar raft of accident insurance claims. But Lee Siow Hua's medical records showed he had suffered no permanent disability.