A leading Malaysian motor insurer has commenced using the ISM Automotive Business Intelligence (ISM-ABI) for underwriting motor insurance. The ISM-ABI is an independent vehicle valuation system provided by ISM Insurance Services Malaysia Berhad (ISM). The ISM-ABI was approved by both Bank Negara Malaysia (BNM) and Persatuan Insuran Am Malaysia (PIAM) last year as an approved [...]
Posts under ‘Local’
Proton Appoints BVR Subba As New Board Member
PROTON Holdings Berhad today announced the appointment of Behara Venkata Rama Subbu as a new member of the Board of PROTON Holdings Berhad.
B.V.R. Subbu, 56, has vast automotive industry experience, notably for his leadership in Hyundai Motors India where he last served as President. After nine years in Hyundai, he left in 2006 to take [...]
12 Institutions Receive Cars for Perodua Eco-Challenge
The Perodua Eco-Challenge is back! The much anticipated competition will see 12 institutions of higher learning; pit their engineering skills, to race with a Perodua ViVA at the Malacca International Motorsport Circuit on 26 June 2010.
To kick-off the competition, Perodua handed over a unit of Perodua ViVA 1.0 litre to each of the participating 12 [...]
Proton Increases Car Sales, Revenue, Profit And Domestic Market Share
PROTON Holdings Berhad’s financial performance continued to show a positive trend, with the company posting a cumulative Group profit before tax of RM248 million for the three quarters (ended 31 December 2009) of its financial year ending 31 March, 2010 (FY2009/10).
Through aggressive marketing and emphasis on operational efficiencies amidst an economically challenging 2009 while being [...]
Perodua Starts 2010 At No.1
Perodua retained its pole position in terms of car sales with 16,200 units sold in January 2010 or 36% higher that the 11,900 units sold in the same month last year.This allowed the country’s top compact car manufacturer to lead in the domestic market with an estimated market share of 33% from 31% in January [...]
Consumers Encouraged To Check Motor Insurance No Claims Discount (NCD)
Vehicle owners can now check their motor insurance and motor takaful discount for free via a new online service. The service, provided by ISM Insurance Services Malaysia is part of the modernization plan for the motor insurance and takaful industry in Malaysia.
Speaking at a Press Conference to mark the launch of the new service, [...]
Launch Of Carprices Guidebook For Malaysia
A new guide booklet for market value of vehicles was launched today. The CarPrices Guidebook or “Green Book” contains independently researched market value of used cars sold in Malaysia.
The ISM-ABI service is the No.1 source of vehicle valuations, specification and automotive intelligence in Malaysia. The service is result of a partnership between ISM Insurance [...]
Proton’s Termination of JV Contract With Goldstar China Lawful And Valid
The international arbitrators under the auspices of the Singapore International Arbitration Centre upheld Proton Automobiles (China) Ltd’s (PAC) termination of the Joint Venture Contract dated 17 June 2002 with Goldstar Heavy Industrial Co Ltd [Goldstar] in 2006. PAC is a subsidiary of Perusahaan Otomobil Nasional Sdn Bhd.
The Final Award was delivered by the arbitral tribunal [...]
Konvoi Mesra Perodua ALZA Borneo 2010 : Sarawak
Five charity homes in Kuching received RM4,300 “ang pow” each from Perodua in conjunction with the “Konvoi Mesra Perodua ALZA Borneo 2010” in Sarawak here today. The 5 charity homes were Rumah dan Asrama Kanak-Kanak Bala Tentera, Pertubuhan Orang Cacat Penglihatan Malaysia Cawangan Sarawak, Persatuan Bagi Kanak-kanak Terencat Akal Sarawak (PERKATA), Pertubuhan Ibubapa Kanak-Kanak Keperluan [...]
Konvoi Mesra Perodua ALZA Borneo 2010 : Sabah
Five charity homes in Kota Kinabalu received RM3,400 “ang pow” each from Perodua in conjunction with the “Konvoi Mesra Perodua ALZA Borneo 2010” in Sabah here today.
The 5 charity homes were Seri Mengasih Centre, Kiwanis Down Syndrome Foundation, Persatuan Child, Rumah Kanak-Kanak Beringgis and Rumah Anak Yatim Tambunan.
“For the Chinese New Year season, Perodua [...]