Malaysia

New guidelines on insurance premiums to be issued, says PM

He also said that efforts would be made to amend Schedule 13 of the Sale of Drugs Act.

Updated 1 year ago · Published on 10 Dec 2024 11:03AM

New guidelines on insurance premiums to be issued, says PM
Anwar also announced that the government would introduce a Diagnosis-Related Groups (DRGs) guideline to standardise specialist fees.- December 10, 2024

BANK Negara Malaysia will review and issue new guidelines regarding the increase in insurance premiums, said Prime Minister Datuk Seri Anwar Ibrahim.

Speaking in the Dewan Rakyat today, Anwar also announced that the government would introduce a Diagnosis-Related Groups (DRGs) guideline to standardise specialist fees.

He also said that efforts would be made to amend Schedule 13 of the Sale of Drugs Act.

"Based on the latest information from BNM and the MoH, they will decide on a control mechanism so that the hike is not too drastic. This is to avoid burdening patients and leading to rising inflation," added Anwar.

He was responding to a question by Suhaizan Kaiat (PN-Pulai) on the measures taken by the government to control the 40-70% hike in insurance premiums and medical inflation.

“What we’re doing now is not a moratorium but interim so that the increment is small and sensible,” added Anwar.

On the issue of an addendum to place former premier Datuk Seri Najib Razak under house arrest, Anwar said it was not raised during the initial Federal Territories Pardons Board (FTPB) meeting on Dec 8, 2023.

Anwar said Najib’s royal pardon application was originally not part of the meeting’s agenda.

"I was the one who brought the application for (Datuk Seri Najib Razak's) royal pardon to be included in the Pardons Board agenda," he said.

He said that despite being one of the harshest critics of the 1Malaysia Development Bhd (1MDB) scandal, a request for a royal pardon still needed to be presented for consideration.

"When an appeal for a royal pardon is made, I present it to the Yang di-Pertuan Agong - we cannot ignore it," he said.

However, he said that his involvement was limited to the initial meeting on Dec 8 and that the following meeting on Jan 29, 2024, was attended by the minister responsible, the federal territories minister Dr Zaliha Mustafa. - December 10, 2024


 

Related News

Malaysia / 9h

UMNO’s solo gamble in Johor: A show of strength or risky miscalculation?

Malaysia / 5d

Anwar - Sabah's special grant interim payment increased from RM600m to RM1.5b

Malaysia / 6d

Anwar to clarify Sabah 40 pct entitlement talks tomorrow

Malaysia / 1w

Johor state election: ‘I have not met Zahid yet’ - Anwar

Malaysia / 1w

RON95 remains at RM1.99, diesel supply stable until July - PM

Malaysia / 1w

Malaysia's energy supply sufficient until July - PM Anwar

Spotlight

Business

Tycoon Vincent Tan trims BCorp stake further in RM115m share sale

Malaysia

UMNO’s solo gamble in Johor: A show of strength or risky miscalculation?

By The Vibes Says

Malaysia

Nik Aziz’s grandson allegedly slapped by senator: Father ready to take case to court

Malaysia

Lorry driver jailed a day, fined for making obscene gestures, dangerous driving (video)

Malaysia

PKR leader defends MyKhas access suspension for PJ, Subang MPs, cites ‘political choices’

Opinion

Social media set to dominate Johor polls as election kingmaker

Malaysia

Man charged in Butterworth parang attack case that left victim fearing permanent disability

Malaysia

Teen mothers must return to school, says Fadhlina as education remains priority

Malaysia

Penang water tariffs to increase from July 1 after year-long deferment

You may be interested

Malaysia

MITI: Malaysia rejects forced labour claims as US Section 301 tariff proposal enters consultation phase

Malaysia

Southeast Asia’s booming scam industry eyes Malaysia

Malaysia

Negeri Sembilan heads to polls as 36-seat assembly dissolves

Malaysia

Man charged in Butterworth parang attack case that left victim fearing permanent disability

Malaysia

Police capture wanted organised crime suspect in cross-border operation with India and Thailand

Malaysia

Man who wanted to borrow RM500k, scammed of over RM400k

Malaysia

Trust and transformation: Malaysia - Japan deepen strategic economic ties

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)