Insurance & Logistics

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Mastermind of Motor Insurance Scam jailed Nine Years

A man was jailed nine years yesterday for masterminding an elaborate motor insurance scam involving the largest amount of fraudulent claims to date - almost $1.6 million.

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Trade Credit Insurance and Trade Credit Takaful - Feedback

This exposure draft by the Bank Negara Malaysia is to invite written comments on the offering of trade credit insurance and trade credit takaful by 16 July 2018. It also clarifies the treatment of trade credit insurance and trade credit takaful as credit risk mitigation under the Capital Adequacy Framework for banking institutions.
Date: 31 May 2018; Type: Feedback; Source: Bank Negara

New Lakeside ex-CFO pleads Guilty; fined S$80,000, gets Three-Year Directorship Ban

Former New Lakeside Holdings chief financial officer has been fined S$80,000 and banned from holding any company directorship for three years, after he pleaded guilty for his role in the firm's breach of the Singapore Exchange's disclosure rules.
Date: 01 June 2018; Type: Legal News; Source: Singapore Law Watch

Insured Workers qualify for Free Outpatient Healthcare

The Social Security Board (SSB) is providing free outpatient healthcare at private clinics for insured workers, said a senior board official.
Date: 29 May 2018; Type: Legal News; Source: Myanmar Times

Muhamad Haqimie Bin Hasim and Another v Pacific & Orient Insurance Co Berhad

Insurance – Insurance policy – Motor vehicle accident – Alleged transfer of interest in the insured motor vehicle before the accident – Whether the alleged transfer of interest legally effected – Whether the alleged transfer of interest had the effect of rendering the insurance policy ineffective or causing it to la ...

Date: 09 April 2018; Court: Court of Appeal; Citation: [2018] MYCA 164; Source: Federal Court Registry

Deposit Insurance and Policy Owners’ Protection Schemes (Amendment) Bill

This Bill seeks to amend the Deposit Insurance and Policy Owners’ Protection Schemes Act and to make a related amendment to the Insurance Act.
Date: 17 May 2018; Type: Federal Bill; Citation: Bill No. 21/2018; Source: Singapore Statutes Online

Allianz General Insurance Company (Malaysia) Berhad v Nora Anak Karu

Date: 28 February 2018; Court: High Court of Sabah & Sarawak; Citation: Civil Appeal No. SRA-12A-1/11-2017; Source: High Court of Sabah and Sarawak

Government irons out Logistics Issues at DFTZ to spur Cargo Clearance

SEPANG, Apr 9 (Bernama) - The government has ironed out issues related to logistics procedures at the Digital Free Trade Zone (DFTZ) to speed up cargo clearance and make Malaysia more attractive in the global e-commerce segment, said Malaysia Digital Economy Corporation (MDEC) Chief Executive Officer, Datuk Yasmin Mahmood.
Date: 09 April 2018; Type: Legal News; Source: Bernama

Freight forwarded fined $5,000 for causing Untrue Permit Declaration to be made to Singapore Customs

A freight forwarder, Megaton Shipping Pte Ltd, was sentenced by the State Courts on 4 April 2018 to a fine of $5,000 for causing an untrue permit declaration to be made to Singapore Customs.
Date: 04 April 2018; Type: Legal News; Source: Customs Department

Committee approves Bill providing for PhilHealth Coverage of PWDs

The House committee on appropriations has approved a substitute bill seeking to provide mandatory Philippine Health Insurance (PhilHealth) coverage of all Persons With Disability (PWDs).
Date: 05 April 2018; Type: Legal News; Source: House of Representatives

List of Insurance Licensees

This is to notify the list of Insurance licensees whose licences are valid as at 31 December 2017.
Date: 29 March 2018; Type: Federal Subsidiary Legislation; Citation: P.U. (B) 151 of 2018; Source: AGC Federal Gazette

Bill of the Free Index-Based Crop Insurance (FIBC) Act of 2017

This Bill aims to institute measures needed to strengthen the government initiatives and programs to effectively address the weather and climate risks faced by small agricultural producers in the Philippines, and extend crop insurance coverage to crops and agricultural production.
Date: 20 March 2018; Type: Federal Bill; Citation: SB No. 1759 of 2018; Source: Senate of The Philippines

Trade Credit Insurance and Trade Credit Takaful - Feedback

This exposure draft by the Bank Negara Malaysia is to invite written comments on the offering of trade credit insurance and trade credit takaful by 16 July 2018. It also clarifies the treatment of trade credit insur ...

Muhamad Haqimie Bin Hasim and Another v Pacific & Orient Insurance Co Berhad Allianz General Insurance Company (Malaysia) Berhad v Nora Anak Karu Government irons out Logistics Issues at DFTZ to spur Cargo Clearance more

Insured Workers qualify for Free Outpatient Healthcare

The Social Security Board (SSB) is providing free outpatient healthcare at private clinics for insured workers, said a senior board official.

more

Committee approves Bill providing for PhilHealth Coverage of PWDs

The House committee on appropriations has approved a substitute bill seeking to provide mandatory Philippine Health Insurance (PhilHealth) coverage of all Persons With Disability (PWDs).

Bill of the Free Index-Based Crop Insurance (FIBC) Act of 2017 more

INDUSTRY UPDATES

Emergency Decree to be lifted in More Areas

BANGKOK, June 24 (NNT) - The National Security Council (NSC) is considering withdrawing the Emergency Decree in more areas of the restive south after last week’s revocation of the special law in two districts.

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INDUSTRY UPDATES

Chiang Mai Justice Office offers Guidance to Youth

CHIANG MAI, June 23 (NNT) - The Chiang Mai Justice Provincial Office is offering guidance to local youth to induce participation in preventing and solving the problem of crime in society.

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INDUSTRY UPDATES

EC Member calls for use of Special Law to determine Constituencies

BANGKOK, June 23 (NNT) - The Election Commission (EC) has called on the government and the National Council for Peace and Order (NCPO) to utilize Article 44 of the provisional constitution to speed up preparations for primary elections.

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INDUSTRY UPDATES

Excise Department to take Tax Measure to encourage use of B20 Biodiesel

BANGKOK, June 22 (NNT) - The Excise Department is taking a tax measure to encourage the use of B20 biodiesel.

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INDUSTRY UPDATES

Duterte appoints new CA Justice

MANILA, June  22 (PNA) - President Rodrigo Duterte has appointed Dorothy Montejo-Gonzaga as associate justice of the Court of Appeals (CA).

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INDUSTRY UPDATES

President to issue Online Licensing System

Denpasar, Bali, June 24 (ANTARA News) - President Joko Widodo (Jokowi) said the government will soon issue an integrated licensing system through "online single submission" to speed up the process of business licensing.

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INDUSTRY UPDATES

Journalists banned from Trial of Thamrin Bombings' Defendant

Jakarta, June 22 (ANTARA News) - Journalists reporting on the verdict on accused Oman Rahman involved in the Thamrin bombing in 2016 were banned from the main courtroom in the South Jakarta district court where the trial proceedings were ongoing.

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INDUSTRY UPDATES

Temporary Work Visit Passes revoked from 11th Year

PUTRAJAYA, June 22 (Bernama) - The Immigration Department has denied a newspaper report that the Home Ministry (KDN) was withdrawing the approval of extending the Visit Pass (Temporary Employment) or PLKS for the second and subsequent years approved by the previous government.

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INDUSTRY UPDATES

French Judiciary pursuing Scorpene Corruption Scandal - Guan Eng

KUALA LUMPUR, June 22 (Bernama) - Finance Minister Lim Guan Eng today met French Ambassador Frédéric Laplanche who disclosed that the French judicial system is pursuing the 1 billion-euro Scorpene submarine corruption scandal.

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INDUSTRY UPDATES

Datuk Nor Shamsiah Mohd Yunus appointed as the Bank Negara Malaysia Governor

His Majesty Yang di-Pertuan Agong has on 19 June 2018 granted his royal consent to the recommendation of YAB Prime Minister Tun Dr. Mahathir Mohamad to appoint Datuk Nor Shamsiah Mohd Yunus as the new Governor of Bank Negara Malaysia.

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INDUSTRY UPDATES

Actions against Companies in Enforcement Operation targeting Machinery Safety and Amputation Hazards

The Ministry of Manpower mounted a two-month enforcement operation in April and May 2018 targeting machinery safety to address hand and finger injuries at the workplace. 380 inspections were conducted at 350 companies in the manufacturing, construction and marine sectors.

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INDUSTRY UPDATES

House unveils New Website

The House of Representatives has unveiled its new website house.gov.ph., in its effort to bring legislation closer to the public. The website is easily navigable and uses simple, easy-to-understand language to engage the public and encourage interest in legislation.

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INDUSTRY UPDATES

Agreement on curbing Illegal Drug use through Preventive Education signed in New York

The Philippine Consulate General in New York witnessed the signing of a landmark Memorandum of Agreement between non-profit organization Friends Indeed USA Inc., and Philippine-based non-government organization People’s Volunteer Against Illegal Drugs on 27 May 2018 at Astoria World Manor, Queens, New York City.

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INDUSTRY UPDATES

Philippines Champions Small and Medium Entrepreneurs at APEC Senior Officials Meet

The Department of Foreign Affairs championed Micro, Small and Medium Enterprise (MSMEs) at the Second Senior Officials’ Meeting (SOM2) of the Asia-Pacific Economic Cooperation (APEC) in Port Moresby, Papua New Guinea.

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INDUSTRY UPDATES

DOJ-OOC continues Conduct of Judicial Training on Cybercrime for the ASEAN Prosecutors and Judges

The Department of Justice - Office of Cybercrime (DOJ-OOC), in partnership with the Supreme Court of the Philippines and the Global Action on Cybercrime Extended (GLACY+) Project, is set to conduct the Advanced Judicial Training Course on Cybercrime and Electronic Evidence for Judges, Magistrates and Prosecutors for the ASEAN Region in Cebu, Philippines on 19-22 June 2018.

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