<div class=newsTextDataWrapInner><p>SINGAPORE (June 7): Great Eastern Holdings, the&nbsp;insurance subsidiary of OCBC Bank, is selling its Vietnam business to FWD Life Insurance Company (Bermuda) for S$48.2 million.</p></div>

<div class=newsTextDataWrapInner><p>FWD Life Insurance is part of the FWD Group, the insurance business arm of Asia-based investment group, Pacific Century Group.</p></div>

<div class=newsTextDataWrapInner><p>Khor Hock Seng, Group CEO, Great Eastern Holdings, says: “Our decision was made after a comprehensive strategic review. We will be increasing our focus to grow core markets of Singapore and Malaysia where we are among the market leaders, as well as our business in Indonesia and Brunei.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The divestment will be completed on or about June 21.</p></div>

<div class=newsTextDataWrapInner><p>“As part of the transaction, FWD will honour all in-force policies. We will work with them to ensure a smooth transition for our customers and our employees,” adds Khor.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Great Eastern closed 1.2% lower at S$21.50 on Monday.</p></div>


SINGAPORE (June 7): Great Eastern Holdings, the insurance subsidiary of OCBC Bank, is selling its Vietnam business to FWD Life Insurance Company (Bermuda) for S$48.2 million.

FWD Life Insurance is part of the FWD Group, the insurance business arm of Asia-based investment group, Pac...

Great Eastern exits Vietnam market

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<p>Prime Minister Datuk Seri Anwar Ibrahim has firmly stated that the government has not concealed any addendum related to former prime minister Datuk Seri Najib Razak’s purported house arrest.</p>


<p>The Health Ministry (MOH) has identified one new case of monkeypox (mpox) that was reported on Jan 10 involving a Malaysian man aged 24.</p>


<p>The first issue for 2025 reviews the 2024 Malaysian property market and the market outlook for 2025. Notable increases in transaction volume and value in the first nine months of 2024 were recorded across all segments, particularly in residential and industrial.</p>


<p>KUALA LUMPUR (Jan 12): Renowned cosmetics tycoon and newly minted executive chairman of The Body Shop, Mike Jatania, is setting his sights on revitalising the brand’s core values and reinstating its image as the face of sustainable beauty.</p>

<p>Once a trailblazer in ethical cosmetics, the co...