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Foreign insurers get more time to lower shareholdings

KUALA LUMPUR: All foreign insurers operating in Malaysia have about two more months to submit their plans on paring down their shareholdings in their local units.


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.


Great Eastern: RM2b contribution to Malaysia's new health insurance plan being discussed

SINGAPORE: Great Eastern Holdings (GEH) on Monday said that it is in discussions with the Malaysian authorities on possible options to enable its unit, Great Eastern Life Assurance (Malaysia) Berhad (GELM), to satisfy prevailing foreign ownership requirements applicable to insurance companies in Malaysia.


Budget 2019: Separation of tax relief good move, says LIAM

KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) welcomes the tax relief on the separation of EPF and the life insurance/takaful as proposed by the government.


Budget 2019 economic highlights

* Federal Government’s debt and liabilities up to end June 2018 stood at RM1.065 trillionl, which is about RM350bil higher than the amount officially disclosed by the previous government.


Foreign insurers to continue paring stake until further notice

PETALING JAYA: The move for foreign insurers to pare down their stakes to 70% in their wholly owned local units is still ongoing pending further announcements, say industry sources.


RM140bil KWAP retirement fund seeks higher returns

KUALA LUMPUR: Retirement Fund Inc (KWAP) is planning to allocate more funds to the private investment space to get better returns amidst the low interest rate environment. KWAP said more money could be allocated to property development, private equity and infrastructure projects.