RHB partners AirAsia to offer BIG Loyalty Points
SEPANG: RHB Banking Group (RHB) and AirAsia BIG Loyalty (BIG Loyalty) entered into a strategic partnership to introduce an attractive, valueadded proposition offering a comprehensive loyalty programme that enables RHB customers to accumulate AirAsia BIG Points across selected retail banking products.
The partnership between RHB and AirAsia BIG Loyalty aims to reward Malaysians by making travel and lifestyle aspirations attainable through the loyalty programme, which will enable RHB customers to tap into the BIG Loyalty ecosystem to enjoy BIG Points as the currency for everyday travel and lifestyle products, from flights, hotel, shopping, dining and many other services.
The programme is targeted for launch in the first quarter of 2019.
“This partnership introduces an attractive valueadded proposition offering a comprehensive loyalty programme that enables RHB customers to accumulate AirAsia BIG Points,” said RHB Banking Group’s group managing director, Datuk Khairussaleh Ramli in a statement.
“It is an opportunity for us to reward our four million customers for their loyal support of RHB Banking Group by delivering greater value in their customer journey with RHB offering them greater lifestyle benefit.
“At the same time, for every Ringgit spent and for selected banking transactions, our KUALA LUMPUR: The Roundtable of Sustainable Palm Oil’s (RSPO) update on its Principles and Criteria (P&C) is not likely to impact three of four Moody’s Investors Service rated palm oil producers, which include Malaysia’s Sime Darby Plantation Bhd (Baa1 stable) and IOI Corporation Bhd (Baa2 stable).
This is due to the fact that they have already implemented sustainability policies that incorporate the updated RSPO requirements.
The RSPO is an association of palm oil industry stakeholders that promotes the growth and use of sustainable palm oil products. Key elements of the updated criteria relate to halting deforestation, protecting peatlands and strengthening labour rights.
“The three rated issuers, Sime Darby Plantation Bhd (Baa1 stable), IOI Corporation Bhd (Baa2 stable) and Sawit Sumbermas Sarana Tbk (P.T.) (B1 stable), have adopted sustainability policies that include no deforestation, no peatland development and no labour customers will be able to stretch the value with reward points which will further provide them with access to exciting travel opportunities under the AirAsia BIG Loyalty Programme.
“For now, this programme would be applicable to selected transactions done locally but over time, we will extend these to regional and international transactions as well,” he added.
In conjunction with this partnership, RHB credit and debit card customers will be exploitation.
“Therefore, they are likely to be in compliance with the revised RSPO requirements ahead of the 12-month grace period companies have to adopt the requirements,” the rating agency said in a statement yesterday.
Amid growing awareness and demand for sustainable palm oil production, Moody’s expect companies that have RSPO certification to be better positioned to benefit from the favourable long-term outlook for palm oil demand.
According to Oil World, an independent global research firm on oilseeds, global palm oil consumption will rise to around 85 million tonnes by 2025 from 62 million tonnes in 2016.
“Among our rated issuers, Sime Darby Plantation is best positioned for sustainability practices. It is the largest producer globally of certified sustainable palm oil, producing 20 per cent of global output, and one of the founding members of the RSPO.” — Bernama given a 1-week priority access to redeem flights at up to 90 per cent off using BIG Points from as low as 500, before it is opened to the public, by contacting RHB Phone Banking at 039206 8118, or by downloading the redemption form at www. rhbgroup.com.
Alternatively, customers can also logon to https://logon.rhb. com.my to redeem BIG Points. The priority redemption period begins on Monday, November 26 until Sunday, December 2, 2018 on airasiabig.com and AirAsia BIG Loyalty app.
RHB customers can enjoy 500 BIG Points for every 3,000 reward points accumulated through RHB Rewards Points Credit Card. This is subject to the type of cards customers are holding, some of which have multiplier benefits on selected spend categories such overseas spending and insurance, among others.
In addition, customers with RHB rewards points can enjoy a bonus of 50 percent more BIG Points when they make the conversion now until December 31, 2018.
RSPO’s update on principles and criteria has no impact on Sime Darby, IOI — Moody’s