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PIAM Reelects Lee As Chairman

KUALA LUMPUR, May 2 (Bernama) -- The General Insurance Association†of†Malaysia(PIAM) has reelected AIG (M)†Bhd Chief Executive Officer (CEO) Antony Lee as †Chairman.

MSIG Insurance (M) Bhd CEO Chua Seck Guan††is the†Deputy Chairman.

"The association has been proactively engaging key stakeholders over†the past few years†to drive the general insurance industry forward.

"The management committee anticipates exciting and challenging times ahead,†especially with the Phased Liberalisation of the Motor and Fire Tariffs, which is going to be a game changer for the industry,"†Lee said.

-- BERNAMA


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CLOSING, FRIDAY, MAY 26
US 4.2670/2700
S'pore 3.0844/0886
100 Yen 3.8452/8496
Sterling 5.4912/4955
Euro 4.7859/7897
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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