Ms Lilian Ng, Chief Executive, Insurance, Prudential

HONG KONG SAR - Media OutReach - 10 May 2022 - Prudential is making insurance more accessible and inclusive by broadening the concept of family, allowing health and protection solutions to cover different types of family.

Insurance policies today tend to be designed around the nuclear family, recognising only the spouse and children as financial dependents. There is an opportunity to meet the protection needs of more diverse types of families such as single parents, cohabitants or adopted children. Additionally, coverage can also be offered to extended family members such as grandparents, parents-in-law as well as nieces and nephews.

Kuala Lumpur, 10 May 2022 – Continental Tyre Malaysia and Castrol Malaysia have signed a memorandum of understanding to explore a joint initiative across the country. Both Continental and Castrol aim to strengthen their position in the country by leveraging on each other’s extensive dealer network, offerings, and expertise to offer consumers high quality products and services for a convenient and complete experience, for added peace of mind.

Ms Andrea Somorova, Managing Director of Continental Tyre Malaysia said, “There is a steady demand for both brands and our products in the market amongst the premium vehicle owners, and we saw a great opportunity for us to come together to consolidate our offerings to serve our customers better. We believe that with both brand’s long-standing service and excellence in the market, we will continue to be the preferred brands in automotive maintenance.” 

Kuala Lumpur, Malaysia, 10 May 2022 – UOB Malaysia recorded a 12.2 per cent increase in net profit to RM1.14 billion in 2021 on higher operating income and lower total allowance for expected credit losses. 

UOB Malaysia’s total operating income grew 4.3 per cent to RM3.35 billion, on the back of stronger net  interest income and higher net income from the Islamic Banking business. Total allowances for expected  credit losses was 17.7 per cent or RM103.2 million lower compared with the previous year. The decrease  was largely due to lower expected credit losses on loans, advances, financing and other financial assets  for non-impaired assets.