Kuala Lumpur – Manulife Insurance (Malaysia) Berhad (Manulife Malaysia) today announced cash incentive of RM40,000 to reward Malaysian athletes at the upcoming South East Asia Games in Korat, Thailand from 6 to 15 December 2007.
“Top performing individual or team athletes will stand to receive cash rewards under the Manulife/Olympic Council of Malaysia Athlete of the Games Award,” announced Peter Robertson, President and CEO of Manulife Insurance (Malaysia) Berhad.
“The standard of sports at international competitions such as the SEA Games is continuously rising and we are keen to support Malaysian athletes as they strive to achieve their best,” said Mr. Robertson. “The RM40,000 cash incentive is Manulife Malaysia’s way of rewarding those excellent performances. We hope the incentive will further motivate our Malaysian athletes to achieve success and recognition at the SEA Games. “
Manulife Malaysia will be working with the Olympic Council of Malaysia to structure a reward programme for this edition of the Athlete of the Games Award.
“Amongst the criteria that we will look at will be potential gold medals, number of medals, as well as breaking of national or regional records,” said YBhg Dato’ Sieh Kok Chi, Honorary Secretary of the OCM.
“After the SEA Games, a selection committee comprising OCM officials will shortlist the Manulife/Olympic Council of Malaysia Athlete of the Games Award recipients and the final list will then be agreed upon with Manulife Malaysia,” added Dato’ Sieh.
“Manulife’s commitment to the development of sporting excellence in Malaysia is well recognized and much appreciated by Malaysian athletes. They have been a firm supporter of OCM and we are very happy to work closely with them for the betterment of sports in this country,” said Dato’.
About Manulife Malaysia
Manulife Insurance (Malaysia) Berhad, established in 1963, is a member of Canada-based Manulife Financial Corporation. Manulife Malaysia offers an innovative range of financial protection and wealth management products and services to meet different customer needs. The company currently serves the needs of more than 270,000 policyholders and is one of the most financially sound life insurance companies in the country. Manulife Malaysia has been listed on the Main Board of Bursa Malaysia since 1984. As at September 30, 2007, Manulife Malaysia’s assets under management were RM2.9 billion.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399.0 billion (US$400.5 billion) as at September 30, 2007.
Manulife Financial is one of two publicly traded life insurance companies in North America whose rated life insurance subsidiaries hold Standard & Poor’s Rating Services’ highest “AAA” rating and Moody’s Investor Services’ second highest “Aa1” rating, both representing financial strength.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
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