Day: July 6, 2024

Bank Negara Malaysia (BNM) wishes to clarify on recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote sustainability and affordability. ‘The Policy Document on Medical and Health Insurance/Takaful Business aims to promote more sustainable and affordable MHIT offerings amid the continued increase in medical cost inflation,’ it said. In 2023, Malaysia recorded medical cost inflation of 12.6 per cent, which is significantly higher than the global average of 5.6 per cent, the central bank said in a statement here today. It said that with effect from

The Ministry of Plantation and Commodities (KPK) will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance ( MoF). Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said all proposals related to the matter would be sent to the MoF before the tabling of Budget 2025. ‘We made an average to see whether the cost of producing one tonne of palm oil has reached RM3,000, so if the market price of

Sarawak which is rich in cultural heritage and rapidly growing in the technological scene has great potential in the global gaming industry and become a world hub for game development innovation, said Deputy Digital Minister Datuk Wilson Ugak Anak Kumbong . He said Sarawak has the chance to mix traditional wisdom with modern innovation in creating games that are appealing to the world while staying true to the Sarawak roots. ‘This vision is all about changing the game development scene by sharing knowledge and using the latest technology. Our mission is just as ambitious. “We aim to boost the gaming