Vehicle sales in January surged to 50,622 units, an increase of 32.8% from 38,107 vehicles a year ago, as an improving economic outlook whets consumers’ appetite for big-ticket item purchases.

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Pemilik kenderaan yang meningkatkan penggunaan peralatan keselamatan pada kenderaan masing-masing bagi mengelak daripada dicuri akan dikenakan bayaran premium insurans yang lebih rendah pada masa depan.

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The Malaysian Automotive Association (MAA) expects Malaysia’s automotive total industry volume (TIV) to grow 2.4% to 550,000 units this year due to an improved global economic outlook and rising consumer sentiment.

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THE Life Insurance Association of Malaysia (LIAM) and the General Insurance Association of Malaysia (PIAM) have hailed the initiatives put forward by the government to streamline and upgrade the local insurance sector to make it more in-line with the times.

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SALES of new vehicles expanded 23 per cent to 46,092 units in October, from 37,512 units a year go, thanks to improved performance from all segments in the market place.

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Insures and takaful operators have agreed to incorporate into their motor insurance policy a reference point to determine the market value of vehicles.

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The Federation of Motor and Credit Companies Association of Malaysia is revising its forecast of used-car sales for 2009 to a growth of about 7% from last year, due to better sales in the third quarter, from a 10% drop earlier.

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The Transport Ministry will study the existing practice of allowing drivers to renew their licence once in every five years, said the minister Datuk Seri Ong Tee Keat.

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Kurnia Insurans (Malaysia) Bhd expects the take up rate for its motor insurance policy to increase further with the introduction of its "One Touch" campaign.

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As the government’s popular front line agency, the Road Transport Department strives to provide excellent services via the counter or the Internet to increase efficiency for the benefit of the public.

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MALAYSIA'S insurance industry is moving towards a more principle-based regulatory regime that allows greater flexibility for players to compete and improve their performance, Bank Negara Malaysia assistant governor Datuk Muhammad Ibrahim said yesterday.

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Insurance agents will remain a vital part of the general insurance industry even with the introduction of mandatory rebates for direct purchase of motor insurance, said the General Insurance Association of Malaysia (PIAM).

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Total vehicle sales in April fell 18.2% to 41,135 units from 50,279 in the same month last year due to the unexpected increase in hire-purchase (HP) interest rates, according to the Malaysian Automotive Association (MAA).

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KURNIA Insurans have become the new partners of Saujana Golf and Country Club to host the Kurnia -Saujana Amateur Golf championships from May 27 to 29.

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Malaysia's general insurers have suffered losses from underwriting motor insurance last year, its fifth straight year, a reflection of the high rate of accidents and theft in the country.

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The one percentage point increase in car financing rates may only have minimal impact on vehicle sales in the longer term, but will likely boost sales of national cars at the expense of non-national vehicles, car dealers said.

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KURNIA Insurans (Malaysia) Bhd aims to hire 1,000 insurance agents as it embarks on new initiatives and diversification.

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Kurnia Insurans (Malaysia) Bhd plans to grow its non-motor insurance business to reduce reliance on its motor insurance segment in anticipation of slower car sales.

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Motor vehicle sales in Malaysia this year will drop substantially although February figures showed a smaller rate of decline, analysts said.

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DESPITE a challenging year in 2008, the insurance industry has maintained an overall high volume of business.

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The proposed RM5,000 incentive to trade in cars that are 15 years and older for new ones will spur industry growth, Proton Holdings Bhd's (5304) chief said.

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Policyholders will be able to buy or renew their motor insurance policies directly with insurance companies at a discount if the proposal by insurance companies to raise motor premiums is approved, according to industry sources.

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Reminders will be sent to motorists on the expiry date of their driving licence and road tax.

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The Malaysian Automotive Association (MAA) forecasts total industry volume of vehicles to fall 12.4% to 480,000 this year.

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General insurers in Malaysia expect a difficult 2009 as the global economic slowdown takes its toll on insurance premium growth and on rising claims ratio, said Persatuan Insurans Am Malaysia (PIAM).

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Three men, including one who is paralysed, were charged at the Sessions Court yesterday with cheating an insurance company of RM1.2 million.

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NEW car sales in November grew nine per cent to 40,865 units from 37,512 units in October, helped by a longer working month and year-end promotions.

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THE government has picked three companies with close ties to the insurance industry to provide the online road tax renewal service.

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Property owners in Bukit Antara­bangsa who suffered losses in the recent landslide will only be compensated if their insurance policies included the appropriate cover.

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General insurer Kurnia Insurans (Malaysia) (5097) Bhd aims to see equal contributions between its motor and non-motor business in a couple of years.

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Kurnia Insurans (Malaysia) Bhd, the largest general insurance company in Malaysia, launched today its Kurnia Auto Assist (KAA) service.

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Petrol and diesel prices have been slashed by a further 15 sen per litre from today.

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The higher motor vehicle sales in Malaysia for September is not indicative of the industry’s outlook for next year, with the overall sales trend expected to be down given the weakening prospects in the domestic economy, analysts said.

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It will provide some relief but will not have much impact — that sums up the sentiments of the public on the fuel price reduction yesterday.

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Petrol prices will be reduced by a further 10sen to 20sen from Wednesday.

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The fuel price cuts will hopefully ease the burden of the people as they celebrate Hari Raya, says Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad.

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ISM Insurance Services Malaysia Bhd (ISM) has advised consumers to verify their eligible No Claim Discount (NCD) on their motor insurance when purchasing or renewing their policies.

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More than 15,000 suspended motorists in Selangor are driving around without a valid road tax, insurance and licence, endangering other road users.

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Petrol and diesel price will drop by between eight sen and 22 sen a litre from Saturday.

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The government will announce the new fuel prices on Aug 31, which will take effect on Sept 1, Prime Minister Datuk Seri Abdullah Ahmad Badawi said Wednesday.

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Motor vehicle sales in Malaysia improved in July, recording 10.2% increase or 4,994 units compared with the previous month, backed by good sales for compact cars from Proton and Perodua.

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Enthusiasts of Chinese literature will be in for a treat next week as prominent scholars from 12 countries will meet to discuss a variety of topics surrounding the masterpiece Hong Lou Meng (Dream of the Red Chamber).

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GENERAL insurer Kurnia Insurans (Malaysia) Bhd has appointed Captain K.H. Chia as managing director (MD) and chief executive officer (CEO) from July 1 2008.

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Malaysia's vehicle sales rose 25% last month from a year earlier, the Malaysian Automotive Association (MAA) said.

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For RM2.75, you can now renew your road tax online and, for an additional RM6, have the road tax delivered to you the next day in the Klang Valley.

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Kurnia Insurans (Malaysia) Bhd has signed a deal with Microsoft Malaysia to be the first user of Microsoft Dynamics CRM 4.0 in the country.

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The Perak Motor and Credit Association has urged Puspakom to extend its approval certificate for transfer of vehicle ownership from the present two weeks to a month.

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THE Penang News Vendors and Book Sellers Association (PNBA) is appealing to the local presses to help newspaper vendors and sub-vendors purchase insurance policies.

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The Commercial Vehicle Licencing Board (CVLB) will only consider applications from express bus operators to increase, extend or shorten bus routes after they settle their drivers' summonses, CVLB chairman Datuk Markiman Kobiran said today.

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THE Kuala Lumpur and Selangor car dealers including credit companies association will organise a two-day car sales carnival at the Bukit Jalil Stadium.

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Vehicle sales rose 31% in January compared with a year earlier due to favourable market conditions, according to Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad.

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To reduce accidents involving commercial vehicles, it will soon be mandatory for drivers of such vehicles to undergo training and retraining courses under a Pembangunan Sumber Manusia Berhad (PSMB) programme.

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Ops Sikap 16, an integrated road safety operation, recorded a 2.3 per cent drop in the number of accidents to 5,244 in the first five days of the operation compared to 5,349 in the same period last year.

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Do not take more passengers than your vehicle's carrying capacity, said Deputy Federal Territories Minister Datuk Wira Abu Seman Yusop.

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THE Malaysian Logistics Council (MLC) has undertaken a comprehensive study calling for the “long overdue” revision of road haulage weight limitation regulations.

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An insurance scheme that cost Seow Swee Yin only RM17.50 saved her some RM100,000 in medical expenses when she suffered a stroke in Japan.

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Learner drivers will soon have to go through a more comprehensive syllabus so that they can become better drivers.

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Two smuggling syndicates that use two ports in Johor before using Singapore as a transit point to ship stolen vehicles to Kenya and the United Arab Emirates have been busted.

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A couple said to be able to steal a car in under a minute has been arrested. Police nabbed the couple from Perak as they were getting into a stolen car in Taman Tasik, Ampang, at 1.15pm on Dec

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An unemployed man had 10 charges against him in two magistrate’s courts here over an insurance scam involving more than RM1.2mil.

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The government is to provide an exemption of duty and taxes for the import of motor vehicles exclusively for motorsports competitions beginning next year.

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Due to the high number of deaths among motorcyclists and pillion riders in accidents and the traffic offences they have committed, the Government has decided to run Ops Sikal throughout the year.

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Motor vehicle sales rose for a fifth straight month in October, and may surpass the industry-revised forecast for the year. Demand for new cars is expected to remain robust in the next two months.

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IN 1991, Industrial and Commercial Insurance, a failing and insolvent insurer with a total of 56 staff, was bought over and renamed Kurnia Insurans. Today, as one of Malaysia’s most valuable brands, Kurnia has over 1,800 people in its staff, with 30 branch offices and an extensive agency network throughout Malaysia and also in Thailand (eight offices) and Indonesia (six).

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More than 90% of 38,486 motorcyclists checked by the Road Transport Department in a recent operation did not possess a valid licence.

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The spotlight will continue to be trained on express buses well into the Hari Raya holidays and beyond.

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The Commercial Vehicle Licensing Board (CVLB) is allowing express bus companies to apply for temporary licences to use school or factory buses to overcome the shortage of buses for the coming Merdeka holiday.

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The electronic vehicle information system (e-vis), now on a trial run at the border entry points, will facilitate the detection of stolen vehicles to prevent them from being smuggled to other countries.

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If you are born in 1957 and plan to buy a house developed by Naim Cendera Holdings Bhd, there are discounts and other incentives awaiting you.

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Visitors to the Malaysian Association of Travel and Tour Agents (Matta) fair next month will be offered the Medi Evac insurance scheme.

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The Computerised Vehicle Inspection Centre (Puspakom) detected 1,200 "cut-and-joined" cars (kereta potong) in the first three months of this year, compared with a total of 4,629 found last year.

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Recycling has become profitable, at least in the foreign maid agency business. Recruiting agencies are in cahoots with Indonesian maids, encouraging them to run away from their employers after the replacement period of three months is over.

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THE banking, finance and insurance industries have agreed to work closely with the Higher Education Ministry to improve the quality of programmes in these disciplines at the tertiary level.

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THE General Insurance Association of Malaysia wishes to clarify certain issues raised in the letter "Beware of the hidden clauses" (NST, April 3) to help consumers understand the coverage provided by a fire insurance policy.

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THE motor vehicle industry is seeing the light at the end of the tunnel. Many industry players and analysts foresee sales picking up in the second half of the year.

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