GUESTS enjoyed a variety of fun activities at the Allianz Road Rangers event at Allianz General Insurance’s Penang branch in China Street, George Town. Members of the public joined in the activities which included a virtual reality rollercoaster ride, quizzes and free body mass index checkups. The highlight of the recent event was the official launchingof the Allianz Road Rangers in Penang, a motor accidentassistance service for all of its comprehensive (private cars)policyholders. The...

KUALA LUMPUR (Oct 25): Syarikat Takaful Malaysia Keluarga Bhd has posted a 73% jump in net profit to RM83.96 million or 10.19 sen per share for its third quarter ended Sept 30, 2018, from RM48.57 million or 5.9 sen a share in the prior corresponding period, owing to higher net wakalah fee income. Gross earned contributions were up 38.5% to RM613.96 million in 3QFY18, according to its filing with Bursa Malaysia today. Revenue rose 36.26%...

General insurance provider Berjaya Sompo today laid out its plans towards becoming one of the top five general insurance providers in Malaysia, having identified key focus areas towards developing a detailed growth agenda. To that end, Berjaya Sompo is taking a more customer-centric approach to its growth in the country, and has applied some updates to its motor insurance product, Sompo Motor. “Customer feedback is key to product innovation and this allows us to incorporate...

Alongside the facelifted Kia Optima and Grand Carnival, the facelifted Sorento has also quietly appeared on Kia’s Malaysian website. As with the others, the updated seven-seater SUV gets a new look, a revised kit list and a new transmission for the diesel model. The previous four-variant lineup has been simplified – there’s now just one petrol and diesel variant each, the 2.4 EX and 2.2D SX, and while pricing has yet to be released, the website lists a starting price...

During yesterday’s media event, Lexus Malaysia announced that it would be previewing the ES and UX at the returning Kuala Lumpur International Motor Show (KLIMS) at the end of next month. The executive sedan and compact premium SUV form an important entry point into the Japanese luxury brand, so the local introductions of both models will be the ones to watch. Let’s start with the staple of the lineup, the ES. Now moving onto the modular Global Architecture – K (GA-K),...

Ford Motor Co. saw its stock price jump 9.9 percent Thursday, the day after issuing its third-quarter earnings report. “I’m puzzled over why Ford stock is taking its biggest jump in years,” said John McElroy, a respected industry observer and host of Autoline.tv. “I’m guessing what the analysts like are Ford’s margins in North America. This shows its strategy of exiting passenger cars sure looks like a smart one.” Early in the day, the stock saw the...

KUALA LUMPUR: The new Mercedes-Benz A Class is offered in 1.3-litre (A 200 Progressive Line) and 2.0-litre (A 250 AMG Line) turbocharge engine variants, priced respectively at RM227,888 and RM263,888. “The new A-Class marks a new episode on a revolutionary journey into the digital era of the automobile. “This gadget-like car redefines functionalities with an intuitive approach, making it the ultimate must-have item,” said Mark Raine, vice president, sales and marketing, Mercedes-Benz Malaysia at the...