More than two decades have passed and the National Health Financing Scheme still seems up in the air in terms of concept and implementation. Will it be a flat-rate or not? Will it take a year or ten? Despite continuous studies on the proposed scheme, is Malaysia anywhere closer to a health financing scheme which is affordable, fair and accessible to all levels of society?
IN 2005, there were roughly 328,000 motor accidents with over 6,000 fatalities in Malaysia, out of over 15 million registered vehicles. In all these cases, injured accident victims often looked to drivers’ insurers to pay their hospitalisation costs and damages for pain and suffering. Under Malaysian law, vehicle owners must obtain coverage for injuries caused […]
PUTRAJAYA, 27 April 2009: Prime Minister Datuk Seri Najib Razak today announced a significant package of measures to liberalise the financial sector including raising the equity in investment and Islamic banks, and insurance and Takaful firms to 70%. Other measures include issuing nine new licenses to foreign participation in both conventional and Islamic banking. Najib, […]
PUTRAJAYA, 5 Jan 2009: Companies have to ensure that their security guards are physically armed while on duty as failure to do so will taint their chances for insurance claims for their valuables, the Court of Appeal here ruled today. Court of Appeal judge Datuk James Foong, who sat with Datuk Abdul Hamid Embong and […]