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Lately, SP Setia is in full limelight in local bourse due to some of the announcements made. And, yesterday, SP Setia was awarded a contract and proposed some of the corporate exercises subsequently. Below is some of the useful summary for investors keeping abreast with the latest developments: The Bangsar land deal SP Setia was acquiring a 40-acre land along Jalan Bangsar via a land swap deal Government to acquire land in Setia Alam from SP Setia Develop a fully integrated health and research complex to be known as 1NIH Complex in Setia Alam under the Ministry of Health's purview Redevelop the swapped land into an integrated mixed residential and commercial project and give the Government a 20% profit sharing. Source: OSK Researc h The Proposed Corporate Exercises Proposed private placement of up to 15% of paid-up share capital via book-building for the following purposes: - RM6bn KL EcoCity, which comprises a corporate tower block and retail podium - Setia City project, which ...

Recently, theStar highlighting a serious issue pertaining to insurance claims - Fraud Claims . It even started with staggering paragraph "Fingers have been chopped off, medical ailments exaggerated and even death faked - all for the purpose of fraudulent insurance claims". Among the issues: RM500 mil in bogus insurance claims are detected each year At least 2 insurance firms have folded as a result of high compensation claims compounded by fraud Insurance firms fight back by setting up special fraud detection units Regarding to this topic, Finance Malaysia would like to shares some views here pertaining to the effects on Malaysians as a whole. And, most importantly, the impact of insurer would definitely pass it to people insured. Why I said so? First, you must understand how insurance companies compute their premiums charged to each clients. If the insurer is financially stronger, it may charged a lower premium for the same amount of coverage on its policies. In other wor...

Before checking into a hospital, make sure that you bring your favorite hospital linked credit card next time. Due to stiff competition in credit card industry, special cards which linked to hospital services became a "think out of the box" thing here. Below highlights some of the features for such credit card: 2% cash rebate on all expenses at the hospitals 20% savings on all hospitals' suites 10% savings on all hospitals' charges during admission (excluding doctors' fees) Fortunately, I had never stay in a hospital before. And due to this, I never experienced the service provided by a particular hospital. Do we really need such a card? For me, I will use credit cards to shop, if credit cards can gave me discount /  rebate. Going for shopping can be anytime anywhere as long as I like it. However, going to hospital was not a leisure event , which I do not like to do, and I believe you feel the same. Instead, we should buy a Medical Card for hospitalization. I...