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Gradual rise in motor insurance premiums

PETALING JAYA: The latest adjustment to motor insurance premium rates, to come into effect on Feb 15, will not have a significant impact on insurers’ bottom lines, according to analysts.

Blindsided by SUV boom, Hyundai Motor trims costs, perks

SEOUL: Headed for a fourth straight annual profit decline, Hyundai Motor <005380.KS> is trimming its cost fat; scaling back on business class flights and annual family home trips for overseas employees, executives told Reuters.

Tan Chong Motor signs MoU with China carmaker

KUALA LUMPUR: Tan Chong Motor Holdings Bhd has signed a memorandum of understanding (MoU) with China carmaker SAIC Motor International Co Ltd to expand their automotive business in Vietnam.

Kah Motor to upgrade outlets

KUALA LUMPUR: Oriental Holdings Bhd’s wholly-owned subsidiary, Kah Motor Sdn Bhd, has allocated RM150mil for the next two years to upgrade some of its existing outlets and to expand its Honda network in Johor Baru, Sabah and Sarawak.

KL International Motor Show making a comeback

KUALA LUMPUR: The Malaysian automotive industry will be boosted by the Kuala Lumpur International Motor Show (KLIMS), which is making a comeback after a five-year hiatus.

UMW Toyota Motor launches campaign for Prius 1.8 variant

KUALA LUMPUR: UMW Toyota Motor has launched a campaign to rectify a software in the Prius 1.8 variant which were manufactured from 2009 to 2013 and sold in Malaysia.

Lower motor premium likely

KUALA LUMPUR: The liberalisation in the Malaysian insurance market will lead to lower motor premium rates as insurers compete to expand their market share, according to AllianceDBS Research.

AXA Affin unveils Malaysia’s first telematics-based motor insurance

KUALA LUMPUR: AXA Affin General Insurance Bhd has become the first insurance company to take advantage of the detariffed auto insurance environment by launching its AXA FlexiDrive, Malaysia’s first telematics-based motor insurance.

Trading ideas: JAKS, TNB, Media Chinese International, Tan chong Motor, Dialog, Picorp

KUALA LUMPUR: JF Apex Research expects JAKS Resources, Tenaga Nasional Bhd (TNB), Media Chinese International Ltd, Tan Chong Motor Bhd, Dialog Group Bhd and Progressive Impact Corp Bhd (Picorp) to be among the stocks to watch on Wednesday.

KL motor show offers cars and air tickets in lucky draw

KUALA LUMPUR: Visitors to Kuala Lumpur International Motor Show 2018 (KLIMS’18) will get a chance to drive home a Toyota C-HR, a Honda City and a Perodua Myvi.