Friday 29 Mar 2024
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SINGAPORE (Oct 17): Malaysia has reopened discussions about allowing foreign insurance companies to maintain full ownership of domestic insurers, the Financial Times reports, citing three people with knowledge of the matter.

* “My sense is that Bank Negara is going back to its previous position of not forcing companies to sell down,” said one person with first-hand knowledge of the thinking among central bank officials

* Bank Negara didn’t immediately respond to a request for comment; AIA, Prudential, Chubb declined to comment on the matter: FT

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