Originally Posted by TerryK
Yes, you've read it correctly. All Asiamiles redemptions are non-refundable, unfortunately. You'll get nothing back if you cancel. OTOH, Asiamiles allows you to hold reward bookings for relatively long periods so that you could finalize your travel plan.
I'd like to add to the above.. that ASIAMILES allow you to hold award bookings for some time BEFORE it gets ticketed. Unlike BA where you must issue the booking right away...