News Regulations11 Jan 2019

Malaysia:Finance Minister says Great Eastern exempted from foreign equity rule

11 Jan 2019

Singaporean insurer Great Eastern Life has been exempted from a Bank Negara Malaysia foreign ownership ruling after it pledged a minimum MYR2bn ($488m) contribution to a new health insurance scheme for the bottom 40% (B40) of the population, said Finance Minister Lim Guan Eng.

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