BERJAYA SOMPO INSURANCE BERHAD (Berjaya Sompo) is set to provide complimentary daily hospitalisation income benefits to all SOMPO Health, SOMPO MedicNow, and SOMPO CashNow policyholders to help them navigate uncertainties from possible side effects of Covid-19 vaccination.

Berjaya Sompo policyholders who are covered under the above-mentioned policy can claim up to RM1,000 if they are required to be hospitalised resulting from sickness due to Covid-19 vaccination as advised by a medical practitioner.

Berjaya Sompo has three individual insurance products that cater to different needs - SOMPO Health offers comprehensive medical insurance coverage with higher annual limits up to RM500,000 from as low as RM2.50 per day.

SOMPO MedicNow is a medical insurance that provides coverage for hospitalisation, surgical expenses, kidney dialysis, cancer treatment, and other related benefits up to RM100,000 annual limit from as low as RM1.20 per day. SOMPO CashNow is ideal for customers with a lower budget as it offers basic insurance coverage for death and bodily injury resulting from accident, daily hospitalisation income as a result of injury or illness, and hospitalisation allowance due to Covid-19 from as low as RM0.31 per day.

Berjaya Sompo is committed to caring for and protecting Malaysians who are facing temporary financial setbacks during these challenging times. The brand remains steadfast in providing the necessary health insurance protection for its customers during this pandemic.

For more details on SOMPO Health, policyholders are advised to contact their servicing agents or visit www.berjayasompo.com.my. For SOMPO MedicNow and CashNow which are exclusively available online, you can visit https://online.berjayasompo.com.my/medicNow/ and https://online.berjayasompo.com.my/cashNow/ respectively.

I APPLAUD the government’s plan to introduce targeted subsidies for RON95 petrol as announced in Budget 2025. In the long run, this approach will ensure that subsidies reach those who need them most.

This targeted move means funds can be better spent on essential services such as healthcare, education and infrastructure. It also avoids wasteful spending where the wealthiest and even foreign nationals currently benefit disproportionately from subsidies meant to help the average Malaysian.

However, the communication surrounding this important change has been a complete mess.

Since the announcement, various government figures have given conflicting messages, leaving the public confused and anxious.

For instance, while the prime minister mentioned that around 85% of Malaysians would still benefit from the subsidies, other officials have added confusing layers.

We have Economy Minister Rafizi Ramli suggesting a
two-tier pricing system that differentiates prices based on income, introducing the concept of a “T15” group. Days later, he conceded that the definition of T15 is still in the works.

Transport Minister Anthony Loke further added a suggestion of using MyKad at petrol stations to restrict subsidies to Malaysians only. Treasury Secretary-General Datuk Johan Mahmood Merican then weighed in, saying the government is “considering” a tiered subsidy similar to electricity. So, which is which?

Finance Minister II Datuk Seri Amir Hamzah has asked the public to avoid speculation as the income threshold is still undecided.

With these overlapping, sometimes contradictory statements, Malaysians are left wondering: What exactly is happening? Is there even a clear plan? Or is each ministry proposing its version, leaving the people in limbo?

These confusing signals do more harm than good. They create a sense of uncertainty and give the impression that there is no cohesive approach to implementing an important policy.

A unified, single message
is essential, especially when dealing with subsidies that affect people’s daily lives.

The government must assign a clear project leader to this subsidy reform. Is it the Finance Ministry, the Economy Ministry or the Domestic Trade and Cost of Living Ministry?

Once the lead is determined, all communications should flow directly from this designated ministry to avoid confusion.

A good example of effective communication was seen in the recent diesel subsidy rationalisation.

Information was straight-forward, easy to understand and delivered consistently. People knew what to expect and who to turn to for information.

If the government does not get its act together on communicating the RON95 subsidy reforms, it will only cause anxiety, confusion and distrust.

Getting communications right is not just a matter of public relations – it is crucial for gaining public support and making this beneficial change work smoothly.

Abdul Latiff Abdul Hakim

KUALA LUMPUR: The retail prices for RON97 and RON95 petrol will remain unchanged, at RM3.19 and RM2.05 per litre respectively from Nov 14 to 20.

The Ministry of Finance, in a statement today, said that the retail price of diesel in Peninsular Malaysia also remained at RM2.95 per litre, while in Sabah, Sarawak and Labuan, the price remained at RM2.15 per litre during the same period.

It said the price settings were fixed based on the weekly retail prices of petroleum products, using the Automatic Price Mechanism (APM) formula.

“The Government will continue to monitor the trends of global crude oil prices and take appropriate measures to ensure the continued welfare and well-being of the people,” said the Ministry of Finance statement.

Earnings of diversified conglomerate San Miguel Corp. rose by nearly a fifth in the nine months ending September on the back of strong revenue growth across its businesses.

Higher system-wide sales and contributions of recently acquired South Korean value coffee brand boosted earnings of Asian food conglomerate Jollibee Foods Corp. by nearly a quarter in the nine months ending September.

Lower profits in its sugar and renewables business weighed down the performance of Gokongwei-led food and beverage firm Universal Robina Corp. in the nine months ending September.

Earnings of Philippine banks rose by 6.4 percent to P290 billion from January to September compared to last year’s P273 billion, according to the Bangko Sentral ng Pilipinas.

The Bureau of Customs saw its collections rise to P90 billion in October as it ramped up proper tax verification on various imported goods.

Philippine Airlines posted a Q3 net income of P789 million, down 82% y/y from its Q3/23 net income of P4,278 million, and down 70% q/q from its Q2/24 net income of P2,590 million.

Asia-Pacific will require 19,500 new aircraft by 2043, Airbus announced on Wednesday, November 13 at a regional aviation summit.

Celebrity couple Tom Holland and Zendaya are the highlight names in the cast for Academy Award-winning director Christopher Nolan's next movie.

The ASICS Rock 'n' Roll Running Series Manila, presented by AIA Vitality, returns on November 23-24 for its third year, bigger and bolder than ever.

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