Medical insurance overhaul in progress, says BNM, with new plans set for 2026
He said that over the past three years, the government has implemented five key thrusts and 11 recommendations aimed at improving medical services, enhancing implementation, and addressing the rising cost of health insurance premiums.
'For example, we are revamping the medical and health insurance/takaful (MHIT) product. You may be able to see the base product. We are testing it as we go,' he told a press conference after announcing Malaysia's second-quarter 2025 gross domestic product (GDP) performance here today.
The MHIT revamp involves a redesigned base product, to be completed by year-end and rolled out in selected areas next year.
Abdul Rasheed said other initiatives involve strengthening the digital health system, expanding cost-effective healthcare options, leveraging primary care providers to reduce implementation costs, and transforming the primary care payment mechanism through digital tools.
'These efforts are expected to bring down payment costs and ensure a more sustainable healthcare system,' he added.
Last December, BNM announced interim measures with the insurance and takaful industry to help policyholders facing premium revisions for their MHIT products, aimed at easing their immediate financial burden while preserving coverage. — Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
2 hours ago
- Malay Mail
Vingroup awarded first-class labor order for outstanding achievements in developing the national exhibition and convention center
Vietnam's Party General Secretary Tô Lâm presents the First-Class Labor Order to Mr. Phạm Nhật Vượng – Chairman of Vingroup – in recognition of the Group's outstanding achievements, at the National Exhibition and Convention Center in Hanoi, Vietnam. Located in Hanoi, the National Exhibition and Convention Center covers 90 hectares and ranks among the world's top 10 largest exhibition venues. HANOI, VIETNAM - Media OutReach Newswire – 19 August 2025 –The conferment ceremony was part of the Inauguration and Groundbreaking Ceremony of National Projects commemorating the 80th anniversary of Vietnam's National Day (September 2, 1945 – September 2, 2025), held at the inauguration site of the National Exhibition and Convention Center, Tu Lien Bridge area, Dong Anh District, National Exhibition and Convention Center is a state-level key project, ranked among the top 10 largest exhibition centers in the world. With a total area of about 900,000 square meters, it is envisioned to become a premier international destination for global trade fairs and exhibitions, as well as a new symbol of Hanoi's commenced on August 30, 2024, and the site was handed over on June 27, 2025—after just 10 months of construction, 15 months ahead of schedule. This remarkable pace set a new benchmark in Vietnam's construction sector, overcoming major challenges in engineering and executing a massive steel dome structure of unprecedented scale and both investor and general contractor, Vingroup maximized all resources, proactively designed construction plans, coordinated manpower, equipment, and materials, and ensured seamless supply chain management across multiple peak construction periods, the project mobilized hundreds of contractors and about 3,000 workers and engineers, supported by 800–1,000 pieces of heavy machinery sourced from across the country, including 300–500 ton cranes and super-heavy transport vehicles. The site operated at full intensity, 24/7 in three shifts, optimizing every moment to shorten construction time by 60%.While accelerating progress, Vingroup also maintained strict oversight of each component, ensuring safety, quality, and long-term sustainability of the "Receiving the First-Class Labor Order at the inauguration of the National Exhibition and Convention Center is a profound honor and pride for all Vingroup employees. We are committed to continuing our spirit of perseverance and determination to operate the Center successfully, contributing to making Hanoi and Vietnam leading destinations for world-class political, economic, cultural, and social events."At the heart of the Center is the Kim Quy Exhibition Hall, one of the world's largest circular exhibition hall with an area of approximately 130,000 square meters and a central height of 56 by the sacred Golden Turtle God (Kim Quy) of the Co Loa legend, the hall's unique architecture is hailed as a new wonder of the capital. Its engineering posed extraordinary challenges: a steel dome weighing 24,000 tons, assembled from ultra-large steel beams and high-strength bolts using specialized torque-severing methods to ensure quality control and double the standard safety factor. The roof is covered with ultra-light, ultra-durable fiberglass fabric, offering natural translucency and energy efficiency in line with global green building the Kim Quy Exhibition Hall, Vingroup has developed a comprehensive exhibition ecosystem including four outdoor plazas (East, West, South, North), the VinPalace International Convention Center, landscaped green parks and lakes, and large-scale parking facilities. With capacity for hundreds of thousands outdoors and thousands indoors, the Center is not only suited for mega exhibitions but also for large-scale events such as concerts, national festivals, and global technology showcases—meeting the strictest international requirements and redefining Vietnam's MICE (Meetings, Incentives, Conferences, and Exhibitions) of the key drivers behind this construction milestone is the upcoming National Achievements Exhibition – 80 Years of Independence, Freedom, and Happiness, taking place from August 28 to September 5, 2025. For the first time, all provinces, ministries, sectors, and enterprises across Vietnam will gather in a single national-scale exhibition, expected to attract millions of visitors and reignite national accelerated completion of the National Exhibition and Convention Center not only demonstrates Vingroup's strong financial capacity, professional execution, and effective project management, but also affirms its commitment to serving the nation and the strength of Vietnam's private enterprises in this new era of global #Vingroup The issuer is solely responsible for the content of this announcement.
Free Malaysia Today
4 hours ago
- Free Malaysia Today
Company wins right to revisit RM17mil land dispute case
Setiakon Engineering Sdn Bhd won its bid for a review of a RM17 million land dispute case after the Federal Court allowed its application under Rule 137 of the Federal Court Rules 1995. PUTRAJAYA : A company that bought a RM17 million plot of land in Mukim Batu, Kuala Lumpur, 10 years ago, has won the right for a review of a Federal Court ruling made last year on the grounds that it suffered procedural injustice. A five-member bench of the Federal Court chaired by Court of Appeal president Justice Abu Bakar Jais today unanimously allowed Setiakon Engineering Sdn Bhd's review application under Rule 137 of the Federal Court Rules 1995. Abu Bakar said the company had crossed the threshold required under the rule. Other judges on the panel were Chief Judge of Malaya Hasnah Hashim and Justices Zabariah Yusof, Ahmad Terrirudin Salleh and Lee Swee Seng. The ruling today set aside last year's 3-1 Federal Court majority decision in favour of Mak Yan Tai and her brother Mak Kum Phoi. A fresh panel will now rehear the appeal. Lawyer Cyrus Das, representing Setiakon, argued that the company was denied the right to tender rebuttal evidence, as the issue of fraud was raised for the first time at the apex court. Lawyer Winston PC Ng and John Foo assisted Das while Krishna Dallumah represented the siblings. The dispute began when the 0.87ha plot was initially registered under the name of the sibling's mother, Wong Soo, as security for a loan taken by Lim Moy. In 2014, Lim applied to the High Court for a declaration that she was the rightful owner of the land and that it should be transferred back to her from Wong, as the loan had been fully repaid. A default judgment was granted to Lim, resulting in the land being registered under her name. She later sold the land to Paragon Capacity Sdn Bhd for RM15 million. Paragon then sold it to Setiakon for RM17 million in 2015. The siblings succeeded in setting aside the default judgment in November 2017 after neither Lim nor her attorney appeared to contest the matter. The siblings then filed a fresh suit against Lim, Paragon and Setiakon in 2019. Only Setiakon defended the claim. The High Court ruled in favour of Setiakon as a bona fide subsequent purchaser under Section 340(3) of the National Land Code, but this was later overturned by the Court of Appeal. Setiakon then obtained leave to appeal to the Federal Court, but the apex court dismissed the appeal, resulting in the review application.
Malay Mail
4 hours ago
- Malay Mail
ISCA Launches $2 Million Career Support Programme to Help Jobseekers Pivot into Accountancy Profession
Professional Affiliation & Recognition – Eligible jobseekers will enjoy ISCA membership fee waivers, gain recognition through ISCA credentials, and access structured pathways to professional designations. – Eligible jobseekers will enjoy ISCA membership fee waivers, gain recognition through ISCA credentials, and access structured pathways to professional designations. Learning & Upskilling Support – Complimentary networking events, talks, and e-learning via ISCAccountify, alongside a "Skills First, Pay Later" scheme that lets participants train first and only pay when they secure employment. – Complimentary networking events, talks, and e-learning via ISCAccountify, alongside a "Skills First, Pay Later" scheme that lets participants train first and only pay when they secure employment. AI-enabled ISCA Talent Marketplace – As the programme's centrepiece, this platform connects jobseekers with employers, conducts personalised skills-gap analyses, and provides tailored recommendations for next career steps. Since its soft launch in July, the platform has featured over 100 job postings by 28 employers, and over 150 job profiles created by jobseekers. The roles range from sustainability, AI consultancy to business finance and traditional accountancy roles. SINGAPORE - Media OutReach Newswire - 19 August 2025 - With the demand for accountancy and finance professionals growing amid Singapore's transition to a digital and sustainable economy, the Institute of Singapore Chartered Accountants (ISCA) today launched a $2 million Career Support Programme to help jobseekers and mid-career individuals pivot confidently into the accountancy by Ms Indranee Rajah, Minister in the Prime Minister's Office, Second Minister for Finance and National Development at ISCA's Annual Dinner, the initiative is designed to provide both practical career support and financial relief at a time when many Singaporeans are seeking to reskill and future-proof their in partnership with the Employment and Employability Institute (e2i) and Workforce Singapore (WSG), the Career Support Programme includes:Accountancy careers continue to experience sustained demand and the diversity of roles across industries offer opportunities for professionals who are open to upskill and expand their skillsets or even do a career switch. Professionals from general administration, customer care, engineering and equity investment who have leveraged WSG's Career Conversion Programmes have successfully pivoted to assurance and financial accounting Dilys Boey, Chief Executive, WSG, said: "The ISCA Career Support Programme offers a robust platform that guides individuals into accountancy careers. The synergy between WSG's career advisory services and ISCA's AI-enabled Talent Marketplace as well as industry expertise creates more opportunities for Singaporeans to join the sector at any career stage. This partnership not only enhances employment outcomes but also makes accountancy a more accessible career choice for all. Together with ISCA, we're committed to helping Singaporeans discover and pursue meaningful careers whilst enabling companies to fulfil their talent requirements."The Career Support Programme will also prepare professionals for the impact of AI on jobs. According to the World Economic Forum's, global macro trends will create about 170 million new jobs this decade while displacing 92 million roles. Technological skills, especially AI and big data, are projected to grow in importance more rapidly than any other skills in the next five years. In anticipation of these shifts, ISCA had committed $2 million to spearhead its AI for Accountancy Industry (AI for AI) initiative through a multi-pronged approach. Through research, education, and adoption, the initiative will support firms and accountants in effectively harnessing AI across audit, non-audit, and commercial President Mr Teo Ser Luck said: "AI will fundamentally reshape the accountancy sector and fuel demand for accountants with new skills to thrive in the digital economy. The ISCA Career Support Programme reflects our strong commitment to the profession and its people. By providing resources, financial relief, and practical tools such as the AI-enabled ISCA Talent Marketplace, we aim to support individuals — whether they are new entrants to the profession or experienced accountants displaced by change — through skill-gap training and career opportunities. Our goal is to help them find their footing, stay relevant, and move forward with clarity and purpose."Hashtag: #CareerSupportProgramme #CSP #Jobs #AI #Accountancy The issuer is solely responsible for the content of this announcement. Institute of Singapore Chartered Accountants (ISCA) The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 40,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries. Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 more information, visit
