<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 4): S&amp;P Global Ratings says Great Eastern Holdings’ (GEH) Malaysian subsidiary-led proposed acquisition of AmMetLife Insurance Bhd (AML) and AmMetLife Takaful Bhd (AMT) will enhance its market leadership within the Malaysian insurance and takaful market.</p></div>

<div class=newsTextDataWrapInner><p>The consideration for the proposed acquisition and exclusive twenty-year distribution partnership is approximately RM1,121 million (or the equivalent of S$325 million). Based on the audited financial statements of AML and AMT as at March 31, the aggregate net asset value of AML and AMT was approximately RM819 million. The cash resources are “modest” compared to GEH’s financial resources S&amp;P points out.</p></div>

<div class=newsTextDataWrapInner><p>“The addition of AML and AMT's insurance and wealth protection solutions will supplement the Great Eastern group's product offerings<a href="https://www.theedgesingapore.com/news/ma/great-eastern-holdings-proposed-acquisition-boost-market-position-malaysia" target="_blank">...(click on link for full story on theedgesingapore.com)&nbsp;.</a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


S&P Global Ratings says Great Eastern Holdings’ (GEH) Malaysian subsidiary-led proposed acquisition of AmMetLife Insurance Bhd (AML) and AmMetLife Takaful Bhd (AMT) will enhance its market leadership within the Malaysian insurance and takaful market.

Great Eastern Holdings’ proposed acquisition to boost market position in Malaysia

Barisan Nasional (BN) will contest 21 of the 28 seats in the upcoming Melaka state polls, retaining its three key leaders as candidates, including caretaker Chief Minister Datuk Seri Ab Rauf Yusoh.

Melaka polls: BN to field Ab Rauf, Akmal, Noor Helmy, unveils eight new faces

Pakatan Harapan (PH) on Saturday night announced 21 candidates to contest the Melaka state election on Nov 14.

PH announces 21 candidates for Melaka state election

Indonesia cut exports of natural gas to Singapore on Saturday to prioritise domestic demand, an official said, with the two countries at loggerheads over regional air pollution emanating from wildfires on the vast archipelago.

Indonesia says cutting gas exports to Singapore to prioritise domestic demand

Prime Minister Datuk Seri Anwar Ibrahim on Saturday disclosed that a global investor plans to invest US$50 billion (RM204 billion) in the artificial intelligence (AI), new technology and data centre sectors in Sarawak and Peninsular Malaysia.

Anwar says a global investor plans US$50b tech investment in Malaysia

Demonstrators gathered in Paris and cities across France on Saturday under the watch of 70,000 police officers, as the government sought to prevent a repeat of the riots and looting that rocked the country last weekend.

France protests begin under heavy security as police seek to prevent fresh unrest

The National Cost of Living Action Plan 2030 (NCLAP30), launched by Prime Minister Datuk Seri Anwar Ibrahim on Saturday, outlines 429 measures under 35 strategies to ease cost-of-living pressures and improve the people's well-being.

National Cost of Living Action Plan 2030 outlines 429 measures — Armizan

The country’s insurance and takaful industry continues to increase efforts to promote financial inclusion through the launch of MyCoverageOKU, a digital platform that provides easier access to information for persons with disabilities (PwD).

BNM: MyCoverageOKU facilitates persons with disabilities' access to insurance, takaful info

Growth and value shares are set for an overhaul after S&P Dow Jones Indices adopted new rules on how to sort equities into the two investment styles.

Growth, value stocks set for reshuffle as S&P adopts new rules

The Bukit Aman Narcotics Criminal Investigation Department (NCID) will collaborate with the Indonesian National Police (POLRI) to investigate possible links between Malaysian-based syndicates and the seizure of 1.16 tonnes of ketamine from a tanker off Tanjung Balai Asahan, Indonesia, on Oct 20.

Ketamine seizure: PDRM, Indonesian police to jointly probe Malaysian links

Barisan Nasional (BN) will stick to its agreement to allocate seven seats it is not contesting to Perikatan Nasional (PN) for the Melaka state election, despite attempts to secure additional seats.

BN to stick with contesting 21 seats, seven for PN in Melaka state election — Zahid

<p>Prime Minister Datuk Seri Anwar Ibrahim on Saturday disclosed that a global investor plans to invest US$50 billion (RM204 billion) in the artificial intelligence (AI), new technology and data centre&nbsp;sectors in Sarawak and Peninsular Malaysia.</p>


<p>The country’s insurance and takaful industry continues to increase efforts to promote financial inclusion through the launch of MyCoverageOKU, a digital platform that provides easier access to information for persons&nbsp;with disabilities (PwD).</p>


<p>Pakatan Harapan (PH) on Saturday night announced 21 candidates to contest the Melaka state election on Nov 14.</p>


<p>Barisan Nasional (BN) will contest 21 of the 28 seats in the upcoming Melaka state polls, retaining its three key leaders as candidates, including caretaker Chief Minister Datuk Seri Ab Rauf Yusoh.</p>


<p>The National Cost of Living Action Plan 2030 (NCLAP30), launched by Prime Minister Datuk Seri Anwar Ibrahim on Saturday, outlines 429 measures under 35 strategies to ease cost-of-living pressures and improve the people's well-being.</p>
