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PIDM: Forum will enhance policy owner protection schemes

KUALA LUMPUR: The International Forum of Insurance Guarantee Schemes (IFIGS), which was launched on Wednesday, will raise the benchmark in developing policy owner protection schemes.

Corporate News

Mavcom’s primary focus is on passenger protection

KUALA LUMPUR: In the face of criticisms against the Malaysian Aviation Commission (Mavcom), its executive chairman says the airline and airport industry regulator is more focused on passenger/consumer protection.


More SMEs seeking intellectual property protection

GEORGE TOWN: The number of companies in the country going for intellectual property (IP) protection this year is expected to rise by 10%-20% from about 30,000 last year, says Intellect Worldwide Sdn Bhd corporate manager Adelyn S H Chin.


Malaysia's Deposit system sound - no need for higher insurance, blanket protection

Malaysia at this juncture is not under pressure to raise its deposit insurance limits or provide blanket protection to deposits in view of the global financial meltdown.


Personal Data Protection Act will boost E-Commerce, says Rais

KUALA LUMPUR: The establishment of the Personal Data Protection Department following gazetting of the Personal Data Protection Act 2010 will lead in higher "e-commerce" and "e-business" transactions.


Megasteel seeks six more years of protection

PETALING JAYA: Troubled steel manufacturer Megasteel Sdn Bhd, a Lion Group subsidiary, is seeking at least six more years of blanket protection from the Government on the import of all flat steel products, a move that has not gone down well with downstream steel manufacturers.


Tune Money, AIA tie up to offer insurance protection

KUALA LUMPUR: Tune Money Sdn Bhd and American International Assurance Bhd (AIA) will collaborate to offer a range of insurance protection products exclusively for AirAsia guests in Malaysia.


PM announces new measures to increase financial consumer protection

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak today announced increased financial consumer protection whereby deposit insurance limit will be raised to RM250,000 effective 2011.


Visteon files for bankruptcy protection

NEW YORK: Visteon Corp., the top auto parts supplier and former subsidiary of Ford Motor Co., has filed for bankruptcy protection as it struggles with a drop in sales to ailing automakers.


General Motors files for bankruptcy protection

NEW YORK: General Motors filed for bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.