KUALA LUMPUR: As the takaful industry contends with escalating medical inflation and the rising costs of healthcare, the Malaysian Takaful Association (MTA) has called for increased government and private sector collaboration to ensure affordable, accessible protection options for all Malaysians.

MTA CEO Mohd Radzuan Mohamed envisions takaful becoming a leading option for Malaysians seeking protection.

With only 60% of the population currently insured or covered by takaful, he sees untapped potential among the remaining 40%, primarily in underserved and unserved communities.

“Our goal is to make takaful an accessible option, particularly for groups like the BM40 (top 20% of B40 and bottom 40% M40), who often do not receive enough attention from traditional agents,” he told SunBiz at the recent launch of Hijrah27.

Radzuan said the takaful sector has struggled to expand its market share, currently at about 20% after four decades.

In response, he said, they are considering how digital transformation, distribution enhancements and technology can address these challenges.

“Malaysia’s transformation plan and recent initiatives, like the financial sector blueprint, outline steps to close this gap by focusing on underserved communities, leveraging financial literacy campaigns, and engaging technology to make takaful accessible,” he added.

Additionally, he said co-payments, a shared cost model between the insurer and the insured, is seen as a potential solution to rising premiums fuelled by medical inflation.

“Collaborating with the Ministry of Health and Bank Negara Malaysia, takaful providers aim to develop cost-sharing models that help balance affordability and coverage. With co-payments, premiums could become more manageable, helping to mitigate the effects of medical inflation and making Takaful accessible for more people.”
While the adoption of co-payments is currently optional, Radzuan said, making it mandatory could have far-reaching implications on the takaful industry. “A balanced co-payment structure can be beneficial, but affordability must remain a priority to avoid defeating the purpose of protection,” he emphasised.

Looking forward, Radzuan said the association is exploring new technology-driven initiatives, such as the Hijrah27 framework, to improve customer service and operational efficiency. “Collaborations with fintech firms and the rise of AI-based solutions also show promise in elevating the industry’s standards and expanding reach,” he added.

KUALA LUMPUR: Sabah-based beverage manufacturer Life Water Bhd’s new manufacturing plant in Keningau, set to begin operations by December, is projected to increase the company’s annual production capacity to 448 million litres of drinking water, with plans to double this output by 2027.

Managing director Liaw Hen Kong said, in addition, the Kota Kinabalu Industrial Zone 8 Plant 2, planned for completion in 2027, will support the company’s transition to more advanced manufacturing processes, including relocating existing lines and expanding plastic packaging capabilities.

“These investments and expansion reflect our confidence in the market and our ambition to meet future demand. We are not just expanding capacity. We are laying the foundation for a sustainable future by integrating advanced warehousing systems and leveraging modern technologies.

“Beyond manufacturing, we are also exploring new market opportunities in Sarawak and Brunei. Our goal is to replicate our success in Sabah by bringing the same commitment to quality and customer service to new markets,” he said at Life Water’s listing on Bursa Malaysia’s Main Market today.

He said Life Water has strong logistics and distribution capabilities, with a fleet of 75 trucks, ensuring that beverages are delivered efficiently to over 3,250 retail outlets, 520 food service outlets, 150 wholesalers and 100 hotels across Sabah.

“Additionally, with distribution centres in Sandakan, Lahad Datu, Kota Kinabalu and soon in Tawau, we are well-positioned to expand our reach and serve our growing customer base.

“This strategic network supports our goal of making our products accessible to consumers everywhere,” he said.

Liaw said over the past three years, Life Water achieved a compounded annual growth rate of 17.2%, with total revenue rising from RM103.5 million in 2021 to RM166.5 million in 2024.

Similarly, Life Water’s customer base grew from 2,815 to 3,460 customers, highlighting the steady expansion of the company’s footprint in the region.

Liaw said the implementation of the sugar tax announced in Budget 2025 will not affect the carbonated beverages manufactured by Life Water.

He explained that the sugar content in Life Water’s carbonated drinks is below 5g per 100 millilitres (ml). “Our recipe (for the carbonated drinks) is below the threshold of 5g per 100 ml. So we are not affected by the sugar tax.”

Life Water opened at 77 sen in its market debut, a 12 sen or 18.5% premium from the initial public offering price (IPO) of 65 sen. It closed at 94 sen, 29 sen or 44.6% above the IPO price on volume of 233.4 million shares.

The company raised RM63.42 million through a public issuance of 97.56 million new ordinary shares, priced at RM0.65 each.

From the total proceeds, Life Water has allocated 30.0% or RM19 million to set-up an additional drinking water production line at its Sandakan Sibuga Plant 1, 18.9% or RM12.0 million for purchasing a new drinking water manufacturing line at Sandakan Sibuga Plant 2, and 19.9% or RM12.6 million will go toward setting up a second distribution centre in Sandakan.

Furthermore, 15.2% or RM9.6 million is designated for expanding the existing plastic packaging facilities in Kota Kinabalu.

The remaining proceeds of 6.6% and 9.5% or RM4.2 million and RM6 million, respectively, are allocated for working capital and to defray listing expenses.

Holding an 11% share of Malaysia’s bottled water market, the company is also putting focus on automating key manufacturing processes to boost efficiency, reduce wastage, and ensure quality consistency.

The company’s shares are classified as syariah-compliant by the Shariah Advisory Council of the Securities Commission Malaysia.

The company’s public issue portion, made available to the Malaysian public via balloting, was oversubscribed by 32.2 times.

MIDF Amanah Investment Bank Bhd is the principal adviser, underwriter and placement agent for Life Water Bhd’s IPO exercise.

Can't really say, Justin, without knowing how the Independent manages its content and social media presence. I have had two very interesting private conversations with a web content manager and a PR/social media consultant neither of whom, I hasten to add, work for The Independent. Both said that pressure is put on them to get as many "shares" and click throughs as possible. One confirmed that some of their clients clearly state in the commissioning briefs that titles are changed for social media to increase the click rate and that their performance is assessed and payments adjusted accordingly.

I don't think we can blame Facebook for the misuse of the tags. They provide the technology and alternative social media titles usually do describe at least part of the original content, and the target audience maybe different compared with that for a website audience. In this case it has to be the Independent that is ultimately responsible, even if the title was written by a freelancer or contractor who, I presume, are paid by the Independent. It is clearly in the source code of the page on the Independent website, therefore they are responsible for it.

[…] Update vom 10.2.2017, Karen Blakeman’s Blog: New Creative Commons image search – back to the drawing board I’m afraid […]

Yes, David, I really should have included that in the possible strategies. Thanks for reminding me. It works well for this particular example (Norway) and gives good but slightly different results and will, of course, miss Norwegian sites that are registered as .com or other international domains. The amount of overlap (or lack of it) will vary depending on the country.

Doesn't work here, Eric :-(

[…] Se også Karen Blakeman’s Bloginnlegg. […]

I do recall some colleagues and friends saying that one of the mobile apps that did exactly that by default. Thankfully I have never used any of automatic uploaders. All photos are added manually one by one. Not exactly high tech but a lot safer.

City of Dreams Manila, part of the Melco Resorts and Entertainment Group, has taken the initiative to promote and observe responsible gaming practices in the Philippines.

The Keepers Holdings Inc. of tycoon Lucio Co is gobbling up a local beer importer, further boosting the company’s extensive portfolio.

Given a life extension, the Quezon Huskers hope to complete their recovery when they tackle the Batangas City Tanduay Rum Masters in a Game 3 decider for the South Division crown at 7 p.m. Thursday

College of St. Benilde continued to make a case for the top seeding in the Final Four as it downed San Beda, 70-62, Wednesday in NCAA Season 100 men’s basketball action at the Filoil EcoOil Arena.

Jared Bahay hit timely shots down the stretch to help the Ateneo Blue Eagles deal the free-falling University of the East Red Warriors their fourth straight loss in the UAAP Season 87 men’s basketball tournament, 71-67, Wednesday at the UST Quadricentennial Pavilion in Manila.

This posting is for those of you who receive articles from this blog by email, and I am sure that many of you within the EU will have received similar notices from other organisations. On the 25th May the General Data Protection Regulation comes into force and as part of that we need to know … Continue reading Receiving blog postings by email – GDPR →

CCleaner is a freeware system optimization, privacy, and cleaning tool. It removes unused files from your system - allowing Windows to run faster and freeing up valuable hard disk space. Install, uninstall, and toolbar included. [License: Ad-Supported | Requires: 11|10|8|7 | Size: 69 MB ]

Portable tool to securely delete data. Securely deleting files is required to block the recovering of deleted data. Secure deletion is possible with this program, because Blank And Secure overwrites t... [License: Freeware | Requires: 11|10|8|7 | Size: 158 KB ]

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Welcome to Ask Clark, a column designed to answer your financial questions, by money expert Clark Howard. How Can I Find an Affordable and Legit Online School? Tim from Georgia asks: “I’ve heard you a few times in the past few months say to consider skills and knowledge that may be outside of a career job position. […]

The post Where Do I Look for Affordable and Legitimate Online Schools? appeared first on Clark Howard.

For parents of children with disabilities, tax-free Achieving a Better Life Experience (ABLE) accounts can be an invaluable tool.

The post What Is an ABLE Account? appeared first on Clark Howard.

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