Year: 2024

KUALA LUMPUR, Milliman, a premier global consulting and actuarial firm in its latest report revealed that embedded value (EV) and value of new business (VNB) increased across most Asian markets last year. This is according to its 2023 embedded value results: Asia report which examines the EV and VNB results disclosed by major multinational and domestic life insurers across Asia Pacific. According to a statement, the report also analyses and discusses the EV methodologies and assumptions used, and the impact of changes to key regulations in the region. Milliman Principal and Consulting Actuary, Heerak Basu said an overall increase in

SUBANG, AirAsia has expanded its operations in Malaysia to the Sultan Abdul Aziz Shah Airport (Subang Airport) with two domestic destinations namely Kuching, Sarawak and Kota Kinabalu, Sabah starting from Aug 30, 2024. It marks a significant milestone in the airline’s history after AirAsia started operations 23 years ago at Subang Airport. AirAsia Malaysia managing director Datuk Captain Fareh Mazputra said the expansion complements its operations at its main hub at the KL International Airport (Terminal 2), solidifying its position as the nation’s biggest airline in terms of connectivity and capacity. ‘The decision to operate at Subang Airport as our

KUALA LUMPUR, The Ministry of Plantation and Commodities has urged the Malaysian Rubber Board (MRB) to formulate a consolidation programme to develop abandoned rubber plantations to reduce the nation’s dependency on rubber imports. Its Minister, Datuk Seri Johari Abdul Ghani, said to date, the ministry has identified around 420,000 hectares of abandoned rubber plantations nationwide, with a production potential of over 550,000 tonnes of rubber. “We have identified all these abandoned rubber plantations. However, there are two problems; the smallholders do not want to give up their plantations, and the rubber plantations are overgrown with weeds and bushes. ‘If we