On Feb 9, 2012, Kurasia(5097) dropped to a low of 0.58 but later it rebounded and shot up to 0.65 on Feb 13, 2012. As there were many profit takers on Feb 13, the stock came down to 0.595 on Feb 17. A sign of rebound was evidenced on Feb 20 where a white candle can be seen. It opened at 0.60 and rises to 0.615 but later came back to 0.60. The closing price is stabilised at 0.605. There were 2,055,700 shares changed hands. It is possible that this stock may challenged the height of 0.65 achieved several days ago.
The Malaysian Association of Tour & Travel Agents (MATTA) today launched the Outbound Travel Insurance Coverage and the Appointment of 6 insurance companies as the Official Outbound Travel Insurance Service providers for MATTA members selling outbound tour packages.
MATTA had over the years been working to come up with an affordable outbound travel insurance coverage for the travelling public that covers all or most of the 8 critical points that are crucial in ensuring the interest of the consumers are looked after.
The 8 critical points are:
1) Medical, Hospitalisation & Treatment Expenses
2) Emergency Medical Evacuation & Repatriation
3) Reimbursement of Deposits or Full Payment of Air Tickets or Tour Packages
4) Repatriation of Mortal Remains
5) Compassionate Visitation Benefits
6) Accidental Death
7) Permanent Disablement
8) 24 Hours Emergency Hotline
A ceremony was held earlier this morning to commemorate the launching and the appointment of the 6 travel insurance service providers. Outbound travel insurance will be made MANDATORY effective 1st March 2012 for all MATTA Members selling Outbound Tour Packages which contain the following elements:
a) Transportation via Air, Sea or Coach from Malaysia
b) GA – Local Transfers & Accommodation
c) Tour Element
In announcing the appointment of the 6 insurance companies, Mr. John Tan, the MATTA Insurance Sub Committee Chairman said “Over the years, MATTA has been working with the insurance companies and the Ministry of Tourism in coming up with an affordable travel insurance scheme covering all or most of these 8 critical points for the benefit of the travelling public”.
He further added that “ MATTA is pleased to announce that out of the 14 insurance companies that MATTA had initially liaised with, MATTA has finally come up with an outbound travel insurance scheme that covers what MATTA wanted and which is Value for Money for the consumers”.
The 6 insurance companies appointed to work with MATTA members are:
1) Ace Jerneh Insurance Berhad
2) Chartis Malaysia Insurance Berhad
3) Hong Leong MSIG Takaful Berhad
4) Kurnia Insurance (M) Berhad
5) Lonpac Insurance Berhad
6) RHB Insurance Berhad
Ybhg Dato’ Mohd Khalid Harun, the President of MATTA stressed the importance of having an outbound travel insurance coverage when travelling overseas as “ there have been many cases of travel agencies becoming insolvent or absconding with the hard earned money of the consumers. It is very heart wrenching when you personally hear of these cases and meet the people. And that is why MATTA had been pushing to make travel insurance mandatory so that the interests of the consumers are looked after”.
He further added, “As of 1st March 2012, Travel Insurance will be made mandatory for all Outbound Tour Packages sold by MATTA Members. So my advice would be if you want to travel overseas with the added knowledge that your interest will be looked after as per the benefits spelled out in the travel insurance scheme, then BUY your Outbound Tour Packages from Travel Agents who are MATTA Members”
For further information, please contact:
Malaysian Association of Tour & Travel Agents
Wisma MATTA
No. 6 Jalan Metro Pudu 2, Fraser Business Park
Off Jalan Yew,
55100 Kuala Lumpur
Tel: 603 9222 1155 begin_of_the_skype_highlighting 9222 1155 end_of_the_skype_highlighting
Fax: 603 9223 8555
Email: sabihah@matta.org.my
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