Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0217&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_05.htm
Oleh FAIRUS KASSIM
bisnes.utusan@gmail.com
KUALA LUMPUR 16 Feb. - Bank Perusahaan Kecil & Sederhana Malaysia Bhd. (SME Bank) menjangka pengeluaran pembiayaannya tahun ini meningkat sebanyak lapan peratus berbanding sebanyak RM1.7 bilion yang direkodkan tahun lalu.
Pengarah Urusannya, Datuk Mohd. Radzif Mohd. Yunus berkata, jangkaan itu disokong oleh pelbagai inisiatif kerajaan meliputi Program Transformasi Ekonomi (ETP) dan Bidang Ekonomi Utama Negara (NKEA).
“Perusahaan kecil dan sederhana (PKS) merupakan komponen penting dalam memacu ekonomi negara dan penglibatannya dalam beberapa projek kerajaan yang dijangka meningkat tahun ini.
“Sejak tahun 2005 hingga 2011, sebanyak RM13.6 bilion telah diluluskan oleh SME Bank bagi membantu 7,546 usahawan tempatan,” katanya selepas majlis memeterai memorandum persefahaman (MoU) dengan Japan Finance Corp. Micro Business 7 Individual Unit (JFC-MICRO) di sini hari ini.
Turut hadir Pegawai Pengurus Eksekutif JFC-MICRO, Tadaaki Udo, Timbalan Ketua Hubungan Antarabangsa JFC-MICRO, Kazuta Sagara dan Pengarah Pengurusan Strategik SME Bank, Mohd. Rizal Mohd. Jaafar.
Mengulas mengenai kerjasama dengan JFC-MICRO, Mohd Radzif berkata, hubungan yang dijalin meliputi kerjasama teknikal dalam peningkatan analisis kredit dan merangka hubungan dua hala antara PKS kedua-dua negara.
“Setakat ini SME Bank telah memperoleh dana lebih RM2 bilion daripada pihak Jepun dengan JFC-MICRO telah menyumbang sebanyak RM800 juta.
“Kerjasama dengan pihak Jepun telah memberi manfaat kepada 1,200 usahawan meliputi sektor pembuatan, pengangkutan, penyimpanan, komunikasi dan pendidikan,” jelasnya.
Pihak SME Bank juga sedang merangka pelan membawa usahawan tempatan ke Jepun dan juga mencari peluang kerjasama strategik untuk usahawan Jepun ke Malaysia.
Thursday, May 31, 2012
Monday, May 28, 2012
BSN tumpu khidmat baru PTC
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/BSNtumpukhidmatbaruPTC/Article/index_html
Published: Friday May 28, 2012
BAGI mendekati lagi masyarakat dan komuniti, Bank Simpanan Nasional (BSN) komited memperkenalkan perkhidmatan barunya, Perbankan Tanpa Cawangan (PTC) untuk kemudahan pelanggan terutama mereka yang berada di kawasan pedalaman dan didapati sukar untuk ke bank untuk mendapatkan pelbagai perkhidmatan.
Ikuti temu bual eksklusif wartawan Bisnes Metro, Sri Ayu Kartikawati Amri bersama Naib Presiden Kanan dan Ketua Jabatan Perniagaan Komuniti BSN, Azaddin Ngah Tasir mengenai saluran baru yang diperkenalkan itu.
APAKAH yang dimaksudkan dengan Perbankan Tanpa Cawangan (PTC)?
PTC adalah saluran baru serta inovatif khas untuk pelanggan mendekati dan mengakses perkhidmatan kewangan. Transaksi perbankan boleh dilakukan ejen yang diberi kuasa pihak bank untuk menawarkan kemudahan kepada pelanggan terutama sekali khusus di kawasan yang tidak mempunyai perkhidmatan bank.
Sejak PTC diperkenalkan awal Januari lalu, BSN sudah pun mempunyai 1,014 ejen yang diberi kuasa untuk menawarkan kemudahan kepada pelanggan terutama di kawasan yang tidak mempunyai perkhidmatan perbankan.
Bagaimanakah PTC ini beroperasi dan apakah antara jenis perkhidmatan yang disediakan?
Setiap transaksi dijalankan di premis ejen dengan menggunakan alat Point of Sale (POS) yang dilengkapi dengan pautan ke rangkaian telekomunikasi tanpa wayar GPRS dan untuk memulakan transaksi, pelanggan perlu mengesahkan nombor pengenalan peribadi (Pin) dan pengesahan biometrik.
Resit akan dikeluarkan untuk mengesahkan status sesuatu transaksi yang dijalankan dan antara perkhidmatan yang disediakan di peringkat permulaan adalah perkhidmatan deposit, pengeluaran, pembayaran bil, pembelian Sijil Premium (eSSP) dan pembayaran tanpa tunai. Masa perkhidmatan adalah dari jam 8 pagi hingga 10 malam.
Apakah manfaat yang diperoleh orang ramai daripada perkhidmatan ini?
Terdapat pelbagai kelebihan yang boleh diperoleh daripada perkhidmatan ini, antaranya menjimatkan kos dan masa kerana ejen beroperasi di kedai yang berdekatan dengan kediaman pelanggan seperti kedai runcit, kedai ejen telekomunikasi dan lain-lain.
Selain itu, aksesnya yang mudah untuk orang ramai dan waktu operasi yang fleksibel dan lebih panjang serta pelanggan tidak dikenakan sebarang caj semasa membuat transaksi yang ditawarkan.
Apakah perancangan masa depan BSN bagi memantapkan lagi PTC ini?
Sasaran bagi BSN adalah untuk mempunyai 5,000 ejen dalam masa tiga tahun bagi mencapai lebih ramai pelanggan di seluruh negara. Malah, BSN akan menambah lagi perkhidmatan sedia ada seperti pemindahan dana antara bank, penambahan nilai prabayar, pembayaran bil bagi bukan pelanggan BSN, pengeluaran untuk pelanggan MEPS, penyata mini dan pembiayaan pinjaman.
Bagaimanakah BSN memilih ejen PTC dan apakah kriterianya?
Terdapat beberapa kriteria bagi memilih ejen dan secara amnya mereka perlulah mempunyai perniagaan yang beroperasi dengan baik untuk tempoh masa sekurang-kurangnya 12 bulan dan mempunyai lesen perniagaan yang sah.
Selain itu, mereka perlu membuka akaun dengan BSN di bawah entiti perniagaan ejen dan mempunyai bangunan atau infrastruktur yang sesuai berserta alamat lengkap iaitu hendaklah berada pada jarak sekurang-kurangnya lima kilometer (km) dari cawangan terdekat BSN.
Manakala jarak antara setiap ejen yang dilantik sekurang-kurangnya 10km antara satu sama lain dan berada di dalam liputan GPRS atau rangkaian telekomunikasi yang bersesuaian. Jenis perniagaan yang layak adalah perseorangan, perkongsian, Sdn Bhd dan Berhad.
Apakah langkah keselamatan yang perlu diambil oleh pelanggan untuk memastikan keselamatan urusan perbankan mereka?
Pastikan pelanggan hadir ke lokasi ejen yang sah iaitu yang mempunyai papan tanda BSN dan sijil pengesahan ejen dan pastikan transaksi hanya dilakukan dalam premis ejen PTC BSN serta tidak melakukan transaksi di ejen bergerak atau yang tidak mempunyai papan tanda kedai.
Selain itu, jangan sesekali memaklumkan atau menzahirkan baki akaun dan nombor pin akaun kepada ejen atau pihak ketiga serta pastikan pelanggan mendapat salinan resit, menyemak resit sebelum meninggal premis ejen dan tanda tangan salinan resit ejen PTC BSN.
Di manakah pelanggan BSN boleh mendapatkan perkhidmatan ini?
Pelanggan BSN boleh mendapatkan perkhidmatan di premis yang dilantik oleh BSN dan ejen yang dilantik juga perlu menggunakan papan tanda Ejen Berdaftar bersama logo BSN untuk tujuan pengenalan. Senarai ejen turut disiarkan di akhbar utama dan boleh juga melayari laman web www.mybsn.com.my.
Published: Friday May 28, 2012
BAGI mendekati lagi masyarakat dan komuniti, Bank Simpanan Nasional (BSN) komited memperkenalkan perkhidmatan barunya, Perbankan Tanpa Cawangan (PTC) untuk kemudahan pelanggan terutama mereka yang berada di kawasan pedalaman dan didapati sukar untuk ke bank untuk mendapatkan pelbagai perkhidmatan.
Ikuti temu bual eksklusif wartawan Bisnes Metro, Sri Ayu Kartikawati Amri bersama Naib Presiden Kanan dan Ketua Jabatan Perniagaan Komuniti BSN, Azaddin Ngah Tasir mengenai saluran baru yang diperkenalkan itu.
APAKAH yang dimaksudkan dengan Perbankan Tanpa Cawangan (PTC)?
PTC adalah saluran baru serta inovatif khas untuk pelanggan mendekati dan mengakses perkhidmatan kewangan. Transaksi perbankan boleh dilakukan ejen yang diberi kuasa pihak bank untuk menawarkan kemudahan kepada pelanggan terutama sekali khusus di kawasan yang tidak mempunyai perkhidmatan bank.
Sejak PTC diperkenalkan awal Januari lalu, BSN sudah pun mempunyai 1,014 ejen yang diberi kuasa untuk menawarkan kemudahan kepada pelanggan terutama di kawasan yang tidak mempunyai perkhidmatan perbankan.
Bagaimanakah PTC ini beroperasi dan apakah antara jenis perkhidmatan yang disediakan?
Setiap transaksi dijalankan di premis ejen dengan menggunakan alat Point of Sale (POS) yang dilengkapi dengan pautan ke rangkaian telekomunikasi tanpa wayar GPRS dan untuk memulakan transaksi, pelanggan perlu mengesahkan nombor pengenalan peribadi (Pin) dan pengesahan biometrik.
Resit akan dikeluarkan untuk mengesahkan status sesuatu transaksi yang dijalankan dan antara perkhidmatan yang disediakan di peringkat permulaan adalah perkhidmatan deposit, pengeluaran, pembayaran bil, pembelian Sijil Premium (eSSP) dan pembayaran tanpa tunai. Masa perkhidmatan adalah dari jam 8 pagi hingga 10 malam.
Apakah manfaat yang diperoleh orang ramai daripada perkhidmatan ini?
Terdapat pelbagai kelebihan yang boleh diperoleh daripada perkhidmatan ini, antaranya menjimatkan kos dan masa kerana ejen beroperasi di kedai yang berdekatan dengan kediaman pelanggan seperti kedai runcit, kedai ejen telekomunikasi dan lain-lain.
Selain itu, aksesnya yang mudah untuk orang ramai dan waktu operasi yang fleksibel dan lebih panjang serta pelanggan tidak dikenakan sebarang caj semasa membuat transaksi yang ditawarkan.
Apakah perancangan masa depan BSN bagi memantapkan lagi PTC ini?
Sasaran bagi BSN adalah untuk mempunyai 5,000 ejen dalam masa tiga tahun bagi mencapai lebih ramai pelanggan di seluruh negara. Malah, BSN akan menambah lagi perkhidmatan sedia ada seperti pemindahan dana antara bank, penambahan nilai prabayar, pembayaran bil bagi bukan pelanggan BSN, pengeluaran untuk pelanggan MEPS, penyata mini dan pembiayaan pinjaman.
Bagaimanakah BSN memilih ejen PTC dan apakah kriterianya?
Terdapat beberapa kriteria bagi memilih ejen dan secara amnya mereka perlulah mempunyai perniagaan yang beroperasi dengan baik untuk tempoh masa sekurang-kurangnya 12 bulan dan mempunyai lesen perniagaan yang sah.
Selain itu, mereka perlu membuka akaun dengan BSN di bawah entiti perniagaan ejen dan mempunyai bangunan atau infrastruktur yang sesuai berserta alamat lengkap iaitu hendaklah berada pada jarak sekurang-kurangnya lima kilometer (km) dari cawangan terdekat BSN.
Manakala jarak antara setiap ejen yang dilantik sekurang-kurangnya 10km antara satu sama lain dan berada di dalam liputan GPRS atau rangkaian telekomunikasi yang bersesuaian. Jenis perniagaan yang layak adalah perseorangan, perkongsian, Sdn Bhd dan Berhad.
Apakah langkah keselamatan yang perlu diambil oleh pelanggan untuk memastikan keselamatan urusan perbankan mereka?
Pastikan pelanggan hadir ke lokasi ejen yang sah iaitu yang mempunyai papan tanda BSN dan sijil pengesahan ejen dan pastikan transaksi hanya dilakukan dalam premis ejen PTC BSN serta tidak melakukan transaksi di ejen bergerak atau yang tidak mempunyai papan tanda kedai.
Selain itu, jangan sesekali memaklumkan atau menzahirkan baki akaun dan nombor pin akaun kepada ejen atau pihak ketiga serta pastikan pelanggan mendapat salinan resit, menyemak resit sebelum meninggal premis ejen dan tanda tangan salinan resit ejen PTC BSN.
Di manakah pelanggan BSN boleh mendapatkan perkhidmatan ini?
Pelanggan BSN boleh mendapatkan perkhidmatan di premis yang dilantik oleh BSN dan ejen yang dilantik juga perlu menggunakan papan tanda Ejen Berdaftar bersama logo BSN untuk tujuan pengenalan. Senarai ejen turut disiarkan di akhbar utama dan boleh juga melayari laman web www.mybsn.com.my.
Duit kerajaan perlu dibayar - SME Bank
KUALA LUMPUR 27 Mei - Mentaliti tidak perlu membayar hutang dengan
institusi pembangunan kewangan (DFI) tempatan kerana wang yang dipinjam
adalah milik kerajaan menjadi punca utama entiti-entiti berkenaan
dibelenggu hutang besar.
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0528&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: Friday May 27, 2012
Pengarah Urusan Bank Perusahaan Kecil dan Sederhana (M) Bhd. (SME Bank), Datuk Mohd. Radzif Mohd. Yunus berkata, kegagalan individu dan syarikat melunaskan hutang-hutang hanya akan menyebabkan sesebuah entiti kewangan hilang keupayaan.
‘‘Apabila hilang keupayaan, entiti-entiti kewangan seperti DFI, termasuk SME Bank, tidak mampu memainkan peranan membantu usahawan-usahawan.
‘‘Oleh sebab itu, tidak kira individu atau syarikat-syarikat yang berhutang dengan DFI mesti mengubah mentaliti bahawa duit kerajaan tidak perlu dibayar,’’ katanya kepada Utusan Malaysia di sini, baru-baru ini.
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0528&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: Friday May 27, 2012
Pengarah Urusan Bank Perusahaan Kecil dan Sederhana (M) Bhd. (SME Bank), Datuk Mohd. Radzif Mohd. Yunus berkata, kegagalan individu dan syarikat melunaskan hutang-hutang hanya akan menyebabkan sesebuah entiti kewangan hilang keupayaan.
‘‘Apabila hilang keupayaan, entiti-entiti kewangan seperti DFI, termasuk SME Bank, tidak mampu memainkan peranan membantu usahawan-usahawan.
‘‘Oleh sebab itu, tidak kira individu atau syarikat-syarikat yang berhutang dengan DFI mesti mengubah mentaliti bahawa duit kerajaan tidak perlu dibayar,’’ katanya kepada Utusan Malaysia di sini, baru-baru ini.
Justeru, Mohd. Razif meminta individu dan syarikat-syarikat yang
masih gagal membayar hutang supaya melunaskan tanggungjawab
masing-masing.
Tegas beliau, amalan yang tidak sihat itu (tidak mahu membayar hutang) akan hanya menjejaskan peluang individu dan syarikat lain yang betul-betul mahu berniaga.
Mohd. Radzif berkata, seperti SME Bank, ia bukan bank komersial yang memiliki pelbagai produk dan perkhidmatan, sebaliknya ia menawarkan peranan dan perkhidmatan tertentu sahaja.
‘‘Kami tidak mempunyai dana lindung nilai, sebab itu kedudukan kewangan kami perlu kukuh.
‘‘Apabila kukuh, barulah SME Bank mampu menawarkan lebih banyak dana kepada para usahawan, sekali gus membantu merancakkan ekonomi negara,’’ katanya.
SME Bank kini menanggung pinjaman tidak berbayar (NPL) pada kadar 18 peratus berbanding 28 peratus sebelum ini, hutang legasi Bank Industri.
Dalam pada itu, Mohd. Radzif berkata, SME Bank yang merancang untuk meraih sejumlah RM3 bilion dalam tempoh tiga tahun melalui terbitan sukuk akan digunakan untuk pinjaman pasaran.
Menurutnya, SME Bank akan memberi fokus kepada sektor minyak dan gas, penjagaan kesihatan, pendidikan, pembuatan, perkhidmatan dan pembinaan.
Mohd. Radzif menambah, walaupun SME Bank menerima dana dan geran daripada kerajaan, terbitan sukuk itu bertujuan untuk mengekalkan prestasi semasanya secara dalaman.
Tegas beliau, amalan yang tidak sihat itu (tidak mahu membayar hutang) akan hanya menjejaskan peluang individu dan syarikat lain yang betul-betul mahu berniaga.
Mohd. Radzif berkata, seperti SME Bank, ia bukan bank komersial yang memiliki pelbagai produk dan perkhidmatan, sebaliknya ia menawarkan peranan dan perkhidmatan tertentu sahaja.
‘‘Kami tidak mempunyai dana lindung nilai, sebab itu kedudukan kewangan kami perlu kukuh.
‘‘Apabila kukuh, barulah SME Bank mampu menawarkan lebih banyak dana kepada para usahawan, sekali gus membantu merancakkan ekonomi negara,’’ katanya.
SME Bank kini menanggung pinjaman tidak berbayar (NPL) pada kadar 18 peratus berbanding 28 peratus sebelum ini, hutang legasi Bank Industri.
Dalam pada itu, Mohd. Radzif berkata, SME Bank yang merancang untuk meraih sejumlah RM3 bilion dalam tempoh tiga tahun melalui terbitan sukuk akan digunakan untuk pinjaman pasaran.
Menurutnya, SME Bank akan memberi fokus kepada sektor minyak dan gas, penjagaan kesihatan, pendidikan, pembuatan, perkhidmatan dan pembinaan.
Mohd. Radzif menambah, walaupun SME Bank menerima dana dan geran daripada kerajaan, terbitan sukuk itu bertujuan untuk mengekalkan prestasi semasanya secara dalaman.
Friday, May 25, 2012
Exim Bank Malaysia Said to Start $500 Million Bond Sale
Source From (Bloomberg): http://www.bloomberg.com/news/2012-05-24/exim-bank-malaysia-said-to-start-500-million-bond-sale.html
Published: By Elffie Chew - May 24, 2012 11:28 AM GMT+0800
Exim Bank Malaysia, a state-owned export finance company, began marketing as much as $500 million of dollar-denominated bonds in its first global offering, two people familiar with the matter said.
Nomura Holdings Inc., BNP Paribas SA, Malayan Banking Bhd. (MAY) and CIMB Holdings Bhd. were hired to manage the sale, said the people who couldn’t be named as the details are private. The $500 million sale is part of Exim Bank’s $1.5 billion medium- term note program, they said.
The Kuala Lumpur-based financial institution started marketing the bonds in Japan today and will move on to Singapore, Hong Kong and London next week, said the people. Mohd Nasir Johar, Exim Bank’s communications head, couldn’t be immediately reached for comment via mobile phone or e-mail.
Exim Bank is tapping the market to fund its overseas expansion as borrowing costs fall. Yields on Malaysia’s benchmark Islamic bonds due June 2021, one of three outstanding sovereign dollar notes in the Southeast Asian nation, have dropped 40 basis points, or 0.4 percentage point, to 3.9 percent this year, according to data compiled Bloomberg.
The Malaysian lender’s offering comes after Export-Import Bank of Korea sold a record 100 billion yen ($1.3 billion) of Samurai bonds last week.
Exim Bank Malaysia reported net profit of 176.3 million ringgit ($56 million) for 2011 and aims to approve 28 percent more loans this year, the Star newspaper reported today, citing Chief Executive Officer Adissadikin Ali. The bank approved 4.7 billion ringgit of loans last year and plans to expand to the Middle East and North Africa following rising enquiries from Malaysian companies operating in those countries, according to the report - Bloomberg.
Published: By Elffie Chew - May 24, 2012 11:28 AM GMT+0800
Exim Bank Malaysia, a state-owned export finance company, began marketing as much as $500 million of dollar-denominated bonds in its first global offering, two people familiar with the matter said.
Nomura Holdings Inc., BNP Paribas SA, Malayan Banking Bhd. (MAY) and CIMB Holdings Bhd. were hired to manage the sale, said the people who couldn’t be named as the details are private. The $500 million sale is part of Exim Bank’s $1.5 billion medium- term note program, they said.
The Kuala Lumpur-based financial institution started marketing the bonds in Japan today and will move on to Singapore, Hong Kong and London next week, said the people. Mohd Nasir Johar, Exim Bank’s communications head, couldn’t be immediately reached for comment via mobile phone or e-mail.
Exim Bank is tapping the market to fund its overseas expansion as borrowing costs fall. Yields on Malaysia’s benchmark Islamic bonds due June 2021, one of three outstanding sovereign dollar notes in the Southeast Asian nation, have dropped 40 basis points, or 0.4 percentage point, to 3.9 percent this year, according to data compiled Bloomberg.
The Malaysian lender’s offering comes after Export-Import Bank of Korea sold a record 100 billion yen ($1.3 billion) of Samurai bonds last week.
Exim Bank Malaysia reported net profit of 176.3 million ringgit ($56 million) for 2011 and aims to approve 28 percent more loans this year, the Star newspaper reported today, citing Chief Executive Officer Adissadikin Ali. The bank approved 4.7 billion ringgit of loans last year and plans to expand to the Middle East and North Africa following rising enquiries from Malaysian companies operating in those countries, according to the report - Bloomberg.
Exim Bank to begin selling RM1.6b bonds
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/25/business/11355778&sec=business
Published: Friday May 25, 2012
KUALA LUMPUR: Exim Bank Malaysia, a state-owned export finance company, began marketing as much as US$500mil (RM1.6bil) of dollar-denominated bonds in its first global offering, two people familiar with the matter said.
Nomura Holdings Inc, BNP Paribas SA, Malayan Banking Bhd and CIMB Holdings Bhd were hired to manage the sale, said the people who couldn’t be named as the details are private.
The US$500mil sale was part of Exim Bank’s US$1.5bil medium-term note programme, they said.
The Kuala Lumpur-based financial institution started marketing the bonds in Japan yesterday and will move on to Singapore, Hong Kong and London next week, said the people.
Mohd Nasir Johar, Exim Bank’s communications head, couldn’t be immediately reached for comment via mobile phone or e-mail.
Exim Bank is tapping the market to fund its overseas expansion as borrowing costs fall. Yields on Malaysia’s benchmark Islamic bonds due June 2021, one of three outstanding sovereign dollar notes in the Southeast Asian nation, have dropped 40 basis points, or 0.4 percentage point, to 3.9% this year, according to data compiled Bloomberg.
The Malaysian lender’s offering comes after Export-Import Bank of Korea sold a record 100 billion yen (US$1.3bil) of Samurai bonds last week.
Exim Bank Malaysia reported a net profit of RM176.3mil (US$56mil) for 2011 and aims to approve 28% more loans this year, The Star reported yesterday, citing chief executive officer Adissadikin Ali.
The bank approved RM4.7bil of loans last year and plans to expand to the Middle East and North Africa following rising enquiries from Malaysian companies operating in those countries, according to the report. — Bloomberg
Published: Friday May 25, 2012
KUALA LUMPUR: Exim Bank Malaysia, a state-owned export finance company, began marketing as much as US$500mil (RM1.6bil) of dollar-denominated bonds in its first global offering, two people familiar with the matter said.
Nomura Holdings Inc, BNP Paribas SA, Malayan Banking Bhd and CIMB Holdings Bhd were hired to manage the sale, said the people who couldn’t be named as the details are private.
The US$500mil sale was part of Exim Bank’s US$1.5bil medium-term note programme, they said.
The Kuala Lumpur-based financial institution started marketing the bonds in Japan yesterday and will move on to Singapore, Hong Kong and London next week, said the people.
Mohd Nasir Johar, Exim Bank’s communications head, couldn’t be immediately reached for comment via mobile phone or e-mail.
Exim Bank is tapping the market to fund its overseas expansion as borrowing costs fall. Yields on Malaysia’s benchmark Islamic bonds due June 2021, one of three outstanding sovereign dollar notes in the Southeast Asian nation, have dropped 40 basis points, or 0.4 percentage point, to 3.9% this year, according to data compiled Bloomberg.
The Malaysian lender’s offering comes after Export-Import Bank of Korea sold a record 100 billion yen (US$1.3bil) of Samurai bonds last week.
Exim Bank Malaysia reported a net profit of RM176.3mil (US$56mil) for 2011 and aims to approve 28% more loans this year, The Star reported yesterday, citing chief executive officer Adissadikin Ali.
The bank approved RM4.7bil of loans last year and plans to expand to the Middle East and North Africa following rising enquiries from Malaysian companies operating in those countries, according to the report. — Bloomberg
Exim Bank kembali untung
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/exim-bank-kembali-untung-1.50508
Wartawan Sinar Harian
24 Mei 2012
Export-Import Bank of Malaysia Bhd (EXIM Bank) kembali mencatatkan keuntungan bagi tahun kewangan berakhir 31 Disember 2011 dengan keuntungan pracukai RM134.6 juta berbanding kerugian pracukai RM299.5 juta pada 2010.
Perolehan operasi juga meningkat 27.5 peratus kepada RM171.6 juta tahun lepas berbanding RM134.6 juta, 2010.
Pengarah Urusan dan Ketua Pegawai Eksekutif Datuk Adissadikin Ali berkata, pertumbuhan itu sebahagian besar dikreditkan kepada satu kombinasi inisiatif utama dilaksanakan oleh bank itu pada tahun lepas ,” katanya.
Wartawan Sinar Harian
24 Mei 2012
Export-Import Bank of Malaysia Bhd (EXIM Bank) kembali mencatatkan keuntungan bagi tahun kewangan berakhir 31 Disember 2011 dengan keuntungan pracukai RM134.6 juta berbanding kerugian pracukai RM299.5 juta pada 2010.
Perolehan operasi juga meningkat 27.5 peratus kepada RM171.6 juta tahun lepas berbanding RM134.6 juta, 2010.
Pengarah Urusan dan Ketua Pegawai Eksekutif Datuk Adissadikin Ali berkata, pertumbuhan itu sebahagian besar dikreditkan kepada satu kombinasi inisiatif utama dilaksanakan oleh bank itu pada tahun lepas ,” katanya.
Thursday, May 24, 2012
Key initiatives propel Exim Bank back to the black
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/24/business/11346372&sec=business
Published: Thursday May 24, 2012
By DALJIT DHESI
daljit@thestar.com.my
KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) bounced back to profitability with a net profit of RM176.3mil for the financial year ended Dec 31, 2011 after incurring a net loss of RM300mil a year earlier due to a combination of key initiatives implemented to improve business and operational effectiveness.
Its managing director and chief executive officer Datuk Adissadikin Ali said these initiatives included the introduction of the corporate improvement programme to improve the overall delivery system, processes, corporate and risk governance, as well as the overall efficiency of the bank's operations.
Pre-tax profit stood at RM134.6mil against a loss before tax of RM299.5mil previously, translating its earnings per share (EPS) to 6.51 sen compared with a loss of 11.08 sen. Its operating revenue grew 27.5% to RM171.6mil from RM134.6mil a year earlier.
He said the bank was targeting higher loan approvals worth RM6bil and disbursements amounting to RM1.5bil this year of which the bulk of its financing was to the small and medium enterprises (SMEs).
Currently, he added about 80% of its borrowers comprised of SMEs, manufacturing, construction, investment and commodity trading sectors. The other borrowers are the large corporations, especially the government-linked companies.
Last year, the bank approved total loans and disbursements amounting to RM4.7bil and RM1.2bil respectively. To strengthen the capacity of the bank in line with the increasingly sizeable requirements of the Malaysian companies and investors that were fast spreading their ventures abroad, he said the shareholders funds of the bank had been increased from RM2.6bil in 2010 to RM2.8bil last year.
This would go a long way in ensuring that Exim Bank continued to thrive as a vibrant and active development financial institution for Malaysian exporters and investors over the medium and long term, he noted.
To expand its reach and provide better options to its clients, Adissadikin said the bank introduced takaful products namely Comprehensive Takaful Shipment and Specific Takaful.
These takaful schemes portrayed a transparent business operation through a Wakalah model, with an opportunity for the participants to a share of investment profits, he added.
The banking business remains its core revenue earner contributing about 40% to Exim Bank's total income for last year, he said, adding that trade credit insurance was fast gaining momentum as it protect exporters for non-payment by overseas buyers although its level of awareness was still relatively low.
Adissadikin said the bank's new markets for its customers were mainly in Asia, including the Middle East and north Africa, noting that there was growing enquiries from Malaysian businesses planning to venture into other African countries (excluding North Africa) and Central Asia.
Published: Thursday May 24, 2012
By DALJIT DHESI
daljit@thestar.com.my
KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) bounced back to profitability with a net profit of RM176.3mil for the financial year ended Dec 31, 2011 after incurring a net loss of RM300mil a year earlier due to a combination of key initiatives implemented to improve business and operational effectiveness.
Its managing director and chief executive officer Datuk Adissadikin Ali said these initiatives included the introduction of the corporate improvement programme to improve the overall delivery system, processes, corporate and risk governance, as well as the overall efficiency of the bank's operations.
Pre-tax profit stood at RM134.6mil against a loss before tax of RM299.5mil previously, translating its earnings per share (EPS) to 6.51 sen compared with a loss of 11.08 sen. Its operating revenue grew 27.5% to RM171.6mil from RM134.6mil a year earlier.
He said the bank was targeting higher loan approvals worth RM6bil and disbursements amounting to RM1.5bil this year of which the bulk of its financing was to the small and medium enterprises (SMEs).
Currently, he added about 80% of its borrowers comprised of SMEs, manufacturing, construction, investment and commodity trading sectors. The other borrowers are the large corporations, especially the government-linked companies.
Last year, the bank approved total loans and disbursements amounting to RM4.7bil and RM1.2bil respectively. To strengthen the capacity of the bank in line with the increasingly sizeable requirements of the Malaysian companies and investors that were fast spreading their ventures abroad, he said the shareholders funds of the bank had been increased from RM2.6bil in 2010 to RM2.8bil last year.
This would go a long way in ensuring that Exim Bank continued to thrive as a vibrant and active development financial institution for Malaysian exporters and investors over the medium and long term, he noted.
To expand its reach and provide better options to its clients, Adissadikin said the bank introduced takaful products namely Comprehensive Takaful Shipment and Specific Takaful.
These takaful schemes portrayed a transparent business operation through a Wakalah model, with an opportunity for the participants to a share of investment profits, he added.
The banking business remains its core revenue earner contributing about 40% to Exim Bank's total income for last year, he said, adding that trade credit insurance was fast gaining momentum as it protect exporters for non-payment by overseas buyers although its level of awareness was still relatively low.
Adissadikin said the bank's new markets for its customers were mainly in Asia, including the Middle East and north Africa, noting that there was growing enquiries from Malaysian businesses planning to venture into other African countries (excluding North Africa) and Central Asia.
Exim Bank returns to black
Source From (The Sun Daily): http://www.thesundaily.my/news/386911
Posted on 23 May 2012 - 04:16pm
Last updated on 23 May 2012 - 04:23pm
KUALA LUMPUR (May 23, 2012): Export-Import Bank of Malaysia Bhd (Exim Bank) aims to approve RM6 billion worth of direct loans and guarantees to Malaysian exporters this year compared with RM4.7 billion last year.
Managing director and CEO Datuk Adissadikin Ali said the bank was confident to grow its portfolio, with manufacturing and construction sectors remaining the main growth contributors.
"This is one way to achieve our target of contributing 3% of the nation's gross domestic product by 2018," he told a media briefing today.
The government-owned bank returned to black for its financial year ended Dec 31, 2011, with a pre-tax profit of RM134.6 million from a pre-tax loss of RM299.5 million in 2010.
The bank's operating revenue also rose 27.5% to RM171.6 million last year from RM134.6 million in 2010.
The growth revenue is largely credited to a combination of key initiatives implemented by the bank during the year as part of its plans to improve its business and operational effectiveness as well as turn around its financial position, Adissadikin said.
This year, the bank is looking to maintain profit, while expanding its business portfolio, he said.
"Banking business remains our core revenue earner, contributing about 40% of our total income for last year," he said, adding that this year it would be rather the same value.
However, with higher expectations that there will be more recognised contributions from the trade credit insurance and trade advisory business segments, he said.
"Today, Exim Bank is supporting the financing needs of Malaysian companies and investors with operations in four continents spread across 24 countries worldwide.
"Asean and the Middle East continue to be major contributors to the bank's portfolio, with two-thirds of its exposure, while Africa, Europe and Asia-Pacific make up the rest," he said.
Adissadikin said the bank has registered about 80% rise in loan applications.
The bank recorded 50% approval level last year, with 97 approvals from 193 applications, compared with 38% in 2010.
Last year, EXIM Bank's total assets stood at RM6.3 billion, up RM672.3 million from 2010.
Adissadikin said the bank is set to expand its reach further by giving better option to its clients with the introduction of Takaful products, namely Comprehensive Takaful Shipment and Specific Takaful.
Exim Bank, wholly-owned by the Malaysian Government, was incorporated in 1995 to promote development of cross-border transactions mainly through loan facilities and insurance coverage. – Bernama
Posted on 23 May 2012 - 04:16pm
Last updated on 23 May 2012 - 04:23pm
KUALA LUMPUR (May 23, 2012): Export-Import Bank of Malaysia Bhd (Exim Bank) aims to approve RM6 billion worth of direct loans and guarantees to Malaysian exporters this year compared with RM4.7 billion last year.
Managing director and CEO Datuk Adissadikin Ali said the bank was confident to grow its portfolio, with manufacturing and construction sectors remaining the main growth contributors.
"This is one way to achieve our target of contributing 3% of the nation's gross domestic product by 2018," he told a media briefing today.
The government-owned bank returned to black for its financial year ended Dec 31, 2011, with a pre-tax profit of RM134.6 million from a pre-tax loss of RM299.5 million in 2010.
The bank's operating revenue also rose 27.5% to RM171.6 million last year from RM134.6 million in 2010.
The growth revenue is largely credited to a combination of key initiatives implemented by the bank during the year as part of its plans to improve its business and operational effectiveness as well as turn around its financial position, Adissadikin said.
This year, the bank is looking to maintain profit, while expanding its business portfolio, he said.
"Banking business remains our core revenue earner, contributing about 40% of our total income for last year," he said, adding that this year it would be rather the same value.
However, with higher expectations that there will be more recognised contributions from the trade credit insurance and trade advisory business segments, he said.
"Today, Exim Bank is supporting the financing needs of Malaysian companies and investors with operations in four continents spread across 24 countries worldwide.
"Asean and the Middle East continue to be major contributors to the bank's portfolio, with two-thirds of its exposure, while Africa, Europe and Asia-Pacific make up the rest," he said.
Adissadikin said the bank has registered about 80% rise in loan applications.
The bank recorded 50% approval level last year, with 97 approvals from 193 applications, compared with 38% in 2010.
Last year, EXIM Bank's total assets stood at RM6.3 billion, up RM672.3 million from 2010.
Adissadikin said the bank is set to expand its reach further by giving better option to its clients with the introduction of Takaful products, namely Comprehensive Takaful Shipment and Specific Takaful.
Exim Bank, wholly-owned by the Malaysian Government, was incorporated in 1995 to promote development of cross-border transactions mainly through loan facilities and insurance coverage. – Bernama
Exim Bank sasar lulus pinjaman RM6 bilion
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/EximBanksasarluluspinjamanRM6bilion/Article/index_html
Published: Wednesday May 24, 2012
EXPORT-Import Bank of Malaysia Bhd (Exim Bank) menyasarkan untuk meluluskan pinjaman dan jaminan bernilai RM6 bilion kepada pengeksport Malaysia tahun ini berbanding RM4.7 bilion tahun lalu.
Pengarah Urusan dan Ketua Pegawai Eksekutif, Datuk Adissadikin Ali berkata, bank itu berkeyakinan untuk mengembangkan portfolionya dengan sektor pengilangan dan pembinaan terus menjadi penyumbang utama.
“Ini satu cara mencapai sasaran kami menyumbang 3.0 peratus daripada Keluaran Dalam Negara Kasar (KDNK) menjelang 2018,” katanya di Kuala Lumpur, semalam.
Bank milik kerajaan itu kembali mencatatkan keuntungan bagi tahun kewangan berakhir 31 Disember 2012 dengan keuntungan pracukai RM134.6 juta berbanding kerugian pracukai RM299.5 juta pada 2010.
Perolehan operasi bank itu juga meningkat 27.5 peratus kepada RM171.6 juta pada tahun lalu berbanding RM134.6 juta pada 2010.
Katanya, pertumbuhan perolehan sebahagian besarnya dikreditkan kepada satu kombinasi inisiatif utama dilaksanakan bank itu tahun lalu sebagai rancangannya untuk meningkatkan perniagaan dan keberkesanan operasinya serta pemulihan kedudukan kewangannya. - Bernama
Published: Wednesday May 24, 2012
EXPORT-Import Bank of Malaysia Bhd (Exim Bank) menyasarkan untuk meluluskan pinjaman dan jaminan bernilai RM6 bilion kepada pengeksport Malaysia tahun ini berbanding RM4.7 bilion tahun lalu.
Pengarah Urusan dan Ketua Pegawai Eksekutif, Datuk Adissadikin Ali berkata, bank itu berkeyakinan untuk mengembangkan portfolionya dengan sektor pengilangan dan pembinaan terus menjadi penyumbang utama.
“Ini satu cara mencapai sasaran kami menyumbang 3.0 peratus daripada Keluaran Dalam Negara Kasar (KDNK) menjelang 2018,” katanya di Kuala Lumpur, semalam.
Bank milik kerajaan itu kembali mencatatkan keuntungan bagi tahun kewangan berakhir 31 Disember 2012 dengan keuntungan pracukai RM134.6 juta berbanding kerugian pracukai RM299.5 juta pada 2010.
Perolehan operasi bank itu juga meningkat 27.5 peratus kepada RM171.6 juta pada tahun lalu berbanding RM134.6 juta pada 2010.
Katanya, pertumbuhan perolehan sebahagian besarnya dikreditkan kepada satu kombinasi inisiatif utama dilaksanakan bank itu tahun lalu sebagai rancangannya untuk meningkatkan perniagaan dan keberkesanan operasinya serta pemulihan kedudukan kewangannya. - Bernama
Wednesday, May 23, 2012
LTH raises stake in Dayang
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/23/business/11339987&sec=business
Published: Wednesday May 23, 2012
KUCHING: Lembaga Tabung Haji (LTH) has bought an additional 1.5 million shares in Dayang Enterprise Holdings Bhd, a service provider to the oil and gas industry.
It bought 500,000 shares each on May 16, 17 and 18, according to a filing with Bursa Malaysia. The prices of the transactions were not stated. The latest purchase increased LTH’s stake in Dayang to 5.42%.
Dayang’s single largest shareholder is Sarawak’s top property developer, Naim Holdings Bhd, with a 33.63% stake.
Dayang shares have risen about 10% this year. The stock is currently trading around RM2, down from the recent high of RM2.20.
Miri-based Dayang has ongoing contracts exceeding RM1.4bil which could last at least until 2016.
Published: Wednesday May 23, 2012
KUCHING: Lembaga Tabung Haji (LTH) has bought an additional 1.5 million shares in Dayang Enterprise Holdings Bhd, a service provider to the oil and gas industry.
It bought 500,000 shares each on May 16, 17 and 18, according to a filing with Bursa Malaysia. The prices of the transactions were not stated. The latest purchase increased LTH’s stake in Dayang to 5.42%.
Dayang’s single largest shareholder is Sarawak’s top property developer, Naim Holdings Bhd, with a 33.63% stake.
Dayang shares have risen about 10% this year. The stock is currently trading around RM2, down from the recent high of RM2.20.
Miri-based Dayang has ongoing contracts exceeding RM1.4bil which could last at least until 2016.
Monday, May 21, 2012
LTH closer to RM3bil sale
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/21/business/11318032&sec=business
Published: 17 May 2012
By TEE LIN SAY
linsay@thestar.com.my
PETALING JAYA: The first condition of Lembaga Tabung Haji's (LTH) RM3bil proposed sale of a 95% stake in plantation company, PT TH Indo Plantations (THIP) has been fulfilled, sources said.
LTH has found a buyer for THIP which has 83,879ha of plantation land in Riau, Indonesia. This is believed to be the biggest single piece of plantation landbank in the world. Apart from the land, THIP has a kernel crushing plant, six palm oil mills and one biomass plant.
Since negotiation began in February, the buyer has obtained all the regulatory approvals from the Indonesian government as well as satisfied the due dilligence requirements imposed by LTH and also put in a hefty cash pre-payment to signify its seriousness in the deal.
At RM3bil, the sale is valued at a price to book (P/B) ratio of more than three times and a price earnings ratio (PER) in excess of 45 times. LTH is set to make a gain of some RM2bil from this sale.
Based
on THIP’s earnings, it would have taken LTH more than 20 years to
realise this sort of gain from the THIP disposal. — A SOURCE
Both the P/B and PER are based on the current net book value of the plantation land.
Based on THIPs earnings, it would have taken LTH more than 20 years to realise this sort of gain from the THIP disposal. This deal was just too good to forego, said the source.
LTH first acquired its 95% stake in THIP in 1997 for approximately RM800mil to RMlbil. The remaining 5% of THIP is owned by a local company with no connection to LTH. This company is not selling its plantation land.
When contacted, a plantation analyst added that on a back of the envelope calculation, the RM3bil price tag appeared fair.
The P/B of 3x just shows that they are getting a 3x higher return from when they first bought into it. However the 45x PER is good as it shows that they are selling it at a much higher earnings generation capacity, she said.
Assuming THIP has no debt and all of its plantation land is planted, the sale of the land is valued at RM35,765 per ha, which is about US$11,537 per ha.
At US$11,500, that is the current market rate for plantation landbank. The market rate is anywhere between US$10,00 and US$15,000 per ha, said the plantation analyst.
She added that as LTH was predominantly a fund manager, perhaps it was good to harvest THIP, especially if it felt it could get better investments elsewhere. Furthermore, it was not easy to find a buyer willing to take up the entire bulk of the plantation land.
Meanwhile the source added that as LTH was still bullish on the plantation sector, it would use some of the proceeds from the sale to replenish its landbank, but it didnt need to be as big a replacement as the 83,879ha it had sold.
According to LTHs website, the pilgrimage fund presently has seven wholly-owned subsidiaries in the plantation sector.
They are TH Plantations Bhd, TH Agro Sdn Bhd, TH Bakti Sdn Bhd, TH Estates ( Holding) Sdn Bhd, TH Indo Industries Sdn Bhd, TH Indopalms Sdn Bhd and TH Ladang Sabah & Sarawak.
Its other wholly-owned subsidiaries include Theta Edge Bhd, Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd.
Published: 17 May 2012
By TEE LIN SAY
linsay@thestar.com.my
PETALING JAYA: The first condition of Lembaga Tabung Haji's (LTH) RM3bil proposed sale of a 95% stake in plantation company, PT TH Indo Plantations (THIP) has been fulfilled, sources said.
LTH has found a buyer for THIP which has 83,879ha of plantation land in Riau, Indonesia. This is believed to be the biggest single piece of plantation landbank in the world. Apart from the land, THIP has a kernel crushing plant, six palm oil mills and one biomass plant.
Since negotiation began in February, the buyer has obtained all the regulatory approvals from the Indonesian government as well as satisfied the due dilligence requirements imposed by LTH and also put in a hefty cash pre-payment to signify its seriousness in the deal.
At RM3bil, the sale is valued at a price to book (P/B) ratio of more than three times and a price earnings ratio (PER) in excess of 45 times. LTH is set to make a gain of some RM2bil from this sale.
Based
on THIP’s earnings, it would have taken LTH more than 20 years to
realise this sort of gain from the THIP disposal. — A SOURCE Both the P/B and PER are based on the current net book value of the plantation land.
Based on THIPs earnings, it would have taken LTH more than 20 years to realise this sort of gain from the THIP disposal. This deal was just too good to forego, said the source.
LTH first acquired its 95% stake in THIP in 1997 for approximately RM800mil to RMlbil. The remaining 5% of THIP is owned by a local company with no connection to LTH. This company is not selling its plantation land.
When contacted, a plantation analyst added that on a back of the envelope calculation, the RM3bil price tag appeared fair.
The P/B of 3x just shows that they are getting a 3x higher return from when they first bought into it. However the 45x PER is good as it shows that they are selling it at a much higher earnings generation capacity, she said.
Assuming THIP has no debt and all of its plantation land is planted, the sale of the land is valued at RM35,765 per ha, which is about US$11,537 per ha.
At US$11,500, that is the current market rate for plantation landbank. The market rate is anywhere between US$10,00 and US$15,000 per ha, said the plantation analyst.
She added that as LTH was predominantly a fund manager, perhaps it was good to harvest THIP, especially if it felt it could get better investments elsewhere. Furthermore, it was not easy to find a buyer willing to take up the entire bulk of the plantation land.
Meanwhile the source added that as LTH was still bullish on the plantation sector, it would use some of the proceeds from the sale to replenish its landbank, but it didnt need to be as big a replacement as the 83,879ha it had sold.
According to LTHs website, the pilgrimage fund presently has seven wholly-owned subsidiaries in the plantation sector.
They are TH Plantations Bhd, TH Agro Sdn Bhd, TH Bakti Sdn Bhd, TH Estates ( Holding) Sdn Bhd, TH Indo Industries Sdn Bhd, TH Indopalms Sdn Bhd and TH Ladang Sabah & Sarawak.
Its other wholly-owned subsidiaries include Theta Edge Bhd, Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd.
Tabung Haji labur aset pendapatan berulang
Source From (Berita Harian): http://www.bharian.com.my/bharian/articles/TabungHajilaburasetpendapatanberulang/Article
Oleh Che Wan Badrul Alias
chewan@bharian.com.my
2012/05/21
Syarikat kurang kebergantungan urus niaga saham
LEMBAGA Tabung Haji merancang untuk mengukuhkan lagi pelaburannya dalam aset yang memberikan pendapatan berulang bagi mengurangkan pergantungan kepada pendapatan daripada urus niaga di pasaran saham.
Pelaburan sedemikian termasuk dalam sektor perladangan, hartanah di
dalam dan luar negara dan pegangan jangka panjang saham dalam syarikat
yang menawarkan dividen tinggi.
Agensi pengurusan dana Islam terbesar di dunia itu menyasarkan untuk
mengurangkan sumbangan pendapatan daripada urus niaga saham kepada hanya
30 peratus berbanding sekitar 40 peratus hingga 60 peratus sekarang.
Pengarah Urusan Kumpulan dan Ketua Eksekutifnya Datuk Ismee Ismail, berkata, kumpulan itu perlu menjadikan aset yang memberikan pendapatan berulang itu sumber pendapatan sumber utamanya pada masa depan sejajar usaha memberikan pulangan yang konsisten kepada pendepositnya.
Justeru, tegasnya, sasaran untuk mengurangkan kebergantungan kepada pendapatan daripada urus niaga saham kepada hanya 30 peratus itu adalah sesuatu yang munasabah dalam tempoh jangka panjang.
“Apa yang saya maksudkan 30 peratus ini adalah hasil kita berurus niaga di bursa saham. Namun bagi meraih pendapatan lebih stabil pada masa depan kami akan memfokus kepada hasil daripada pelaburan dalam syarikat yang memberikan dividen tinggi atau di kaunter mewah.
“Malah saya percaya untuk jangka panjang kumpulan perlu menumpukan kepada sektor hartanah kerana sektor ini mempunyai prospek yang amat baik pada masa depan,” katanya dalam temubual dengan Berita Harian di Kuala Lumpur, baru-baru ini.
Tabung Haji kini memiliki 6.9 juta pendeposit dengan jumlah deposit setakat tahun lalu sebanyak RM31.7 bilion.
Mengulas berhubung tender penerbangan haji untuk tempoh akan datang, beliau berkata, Tabung Haji akan memuktamadkan dan mengumumkannya awal bulan depan.
Katanya, pihaknya memperoleh bidaan kontrak itu bukan saja daripada syarikat penerbangan tempatan, malah daripada syarikat penerbangan luar negara.
“Saya tidak dapat pastikan sejauh mana pembabitan syarikat penerbangan luar negara ini dalam bidaan kali ini, jadi kita akan tunggu hingga keputusan dimuktamadkan tidak lama lagi,” katanya.
Oleh Che Wan Badrul Alias
chewan@bharian.com.my
2012/05/21
LEMBAGA Tabung Haji merancang untuk mengukuhkan lagi pelaburannya dalam aset yang memberikan pendapatan berulang bagi mengurangkan pergantungan kepada pendapatan daripada urus niaga di pasaran saham.
Malah saya percaya untuk jangka panjang kumpulan perlu menumpukan kepada
sektor hartanah kerana sektor ini mempunyai prospek yang amat baik pada
masa depan. - Ismee Ismail. Pengarah Urusan Kumpulan dan Ketua
Eksekutif Lembaga Tabung Haji
Pengarah Urusan Kumpulan dan Ketua Eksekutifnya Datuk Ismee Ismail, berkata, kumpulan itu perlu menjadikan aset yang memberikan pendapatan berulang itu sumber pendapatan sumber utamanya pada masa depan sejajar usaha memberikan pulangan yang konsisten kepada pendepositnya.
Justeru, tegasnya, sasaran untuk mengurangkan kebergantungan kepada pendapatan daripada urus niaga saham kepada hanya 30 peratus itu adalah sesuatu yang munasabah dalam tempoh jangka panjang.
“Apa yang saya maksudkan 30 peratus ini adalah hasil kita berurus niaga di bursa saham. Namun bagi meraih pendapatan lebih stabil pada masa depan kami akan memfokus kepada hasil daripada pelaburan dalam syarikat yang memberikan dividen tinggi atau di kaunter mewah.
“Malah saya percaya untuk jangka panjang kumpulan perlu menumpukan kepada sektor hartanah kerana sektor ini mempunyai prospek yang amat baik pada masa depan,” katanya dalam temubual dengan Berita Harian di Kuala Lumpur, baru-baru ini.
Tabung Haji kini memiliki 6.9 juta pendeposit dengan jumlah deposit setakat tahun lalu sebanyak RM31.7 bilion.
Mengulas berhubung tender penerbangan haji untuk tempoh akan datang, beliau berkata, Tabung Haji akan memuktamadkan dan mengumumkannya awal bulan depan.
Katanya, pihaknya memperoleh bidaan kontrak itu bukan saja daripada syarikat penerbangan tempatan, malah daripada syarikat penerbangan luar negara.
“Saya tidak dapat pastikan sejauh mana pembabitan syarikat penerbangan luar negara ini dalam bidaan kali ini, jadi kita akan tunggu hingga keputusan dimuktamadkan tidak lama lagi,” katanya.
Friday, May 18, 2012
BSN catat keuntungan positif
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/bsn-catat-keuntungan-positif-1.48678
Published: 17 May 2012
Wartawan Sinar Harian
Bank Simpanan Nasional (BSN) mengumumkan pencapaian kewangan dan keuntungan bagi 2011 berjumlah RM1,457 juta berbanding RM1,294 juta tahun sebelumnya.
Ketua eksekutifnya, Datuk Adinan Maning berkata, keuntungan memberangsangkan dicapai BSN tahun lalu adalah bukti melalui strategi dan pendekatan yang tepat selaras mengekalkan kedudukan terbaik dalam sektor kewangan di Malaysia.
“Banyak inisiatif dirancang memberi impak positif melalui inisiatif rangkuman kewangan dan komited dalam menyediakan akses perbankan berkualiti dan menyeluruh bagi segenap lapisan komuniti di Malaysia,” katanya.
BSN berkata, jumlah itu adalah peningkatan 12.6 peratus berdasarkan keuntungan dari tahun ke tahun. Perbankan itu juga mencatatkan kadar pertumbuhan positif keuntungan pendapatan bersihnya iaitu RM1,032 juta pada 2011 berbanding RM968 juta, 2010.
“Pinjaman, pendahuluan dan pembiayaan adalah penyumbang utama kepada pertumbuhan aset keseluruhan, dan tahun lalu BSN catat pertumbuhan 10.1 peratus berbanding 2010.
“Pembiayaan peribadi masih mengekalkan kedudukan selaku peneraju pinjaman. Pembiayaan peribadi mencatatkan pertumbuhan 12.5 peratus manakala pembiayaan perumahan, pembiayaan mikro kewangan masing-masing 5.3 peratus dan 18.0 peratus," katanya.
Published: 17 May 2012
Wartawan Sinar Harian
Bank Simpanan Nasional (BSN) mengumumkan pencapaian kewangan dan keuntungan bagi 2011 berjumlah RM1,457 juta berbanding RM1,294 juta tahun sebelumnya.
Ketua eksekutifnya, Datuk Adinan Maning berkata, keuntungan memberangsangkan dicapai BSN tahun lalu adalah bukti melalui strategi dan pendekatan yang tepat selaras mengekalkan kedudukan terbaik dalam sektor kewangan di Malaysia.
“Banyak inisiatif dirancang memberi impak positif melalui inisiatif rangkuman kewangan dan komited dalam menyediakan akses perbankan berkualiti dan menyeluruh bagi segenap lapisan komuniti di Malaysia,” katanya.
BSN berkata, jumlah itu adalah peningkatan 12.6 peratus berdasarkan keuntungan dari tahun ke tahun. Perbankan itu juga mencatatkan kadar pertumbuhan positif keuntungan pendapatan bersihnya iaitu RM1,032 juta pada 2011 berbanding RM968 juta, 2010.
“Pinjaman, pendahuluan dan pembiayaan adalah penyumbang utama kepada pertumbuhan aset keseluruhan, dan tahun lalu BSN catat pertumbuhan 10.1 peratus berbanding 2010.
“Pembiayaan peribadi masih mengekalkan kedudukan selaku peneraju pinjaman. Pembiayaan peribadi mencatatkan pertumbuhan 12.5 peratus manakala pembiayaan perumahan, pembiayaan mikro kewangan masing-masing 5.3 peratus dan 18.0 peratus," katanya.
Thursday, May 17, 2012
BSN revenue up 12.6% in 2011
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/17/business/11303488&sec=business
Published: 17 May 2012
Community bank remains operationally profitable with positive trend in the past 5 years
KUALA LUMPUR: Bank Simpanan Nasional (BSN) announced its 2011 financial highlights and reported a registered revenue of RM1.5bil against RM1.3bil in 2010, representing a 12.6% year-on-year growth.
The bank also declared a positive increase in its net income of RM1.03bil in 2011 compared with RM968mil in 2010. Despite the challenging business environment in 2011, the community bank recorded its highest PATZ (profit after tax and zakat) of RM361mil.
Loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1% from the previous year. Personal loans remain the main contributor for the increase in loans and advances portfolio. Personal loans recorded an increase of 12.5% while mortgage and micro finance recorded a positive growth of 5.3% and 18% respectively.
In line with the bank's mandated role to inculcate savings, the bank registered a steady increase in its total deposits to RM19.6bil from RM17.9bil in 2010, a growth of 9.4%. Its retail deposits also increased to RM10.4bil compared with RM9.8bil in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
Datuk Adinan Maning, the chief executive of BSN, said: “The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model.
“A lot of plans have come to fruition for BSN as it focuses on being sustainable and operationally profitable while ensuring financial inclusion for all in Malaysia, especially those under served and in rural areas. BSN's role in serving the community, especially in the rural areas, is vital to elevate the standard of living of the rakyat.”
In 2011, its Islamic banking portfolios recorded a revenue of RM618mil, an increase of 18.2% compared to RM523mil in 2010. Its 2011 financial year registered a PAZ (profit after zakat) of RM190mil compared with RM185mil in 2010.
BSN's greatest assets are its continuous emphasis on proximity, accessibility and maintaining a long-standing relationship with its customers.
BSN has a wide network nationwide to meet its objectives for financial inclusion with 390 branches, 962 automatic teller machines (ATMs) and 213 cash deposit machines (CDM) as at March 2012. BSN has also a total of 58 micro finance centres and four new social branches which began operations in Belaga (Sarawak) and Beluran, Kinabatangan and Telupid (Sabah).
The bank is also looking into improving its services and has embarked on its core banking replacement project to ensure efficiency and customers'satisfaction. BSN was established on Dec 1 1974 to take over the functions and responsibilities of the Post Office Savings Bank and is governed by the Bank Simpanan Nasional Act 1974.
BSN's mission is to encourage savings, investments and smart financial management among Malaysians to increase their quality of life.
BSN has grown to more than 6,000 employees and 390 branches, 962 and more than 1,500 authorised agents nationwide.
It has about eight million customers spread throughout the length and breadth of Malaysia and with total retail savings deposits of RM11.9bil.
It has embarked on a number of key initiatives as a catalyst to transform, remain competitive, relevant and sustainable.
BSN is continuously enhancing its services as well as expanding its range of products for the benefit of its customers.
The savings bank'smain products include personal financing, home loans, micro financing, premium savings certificate, Islamic banking schemes, GIRO savings account, BSN Matrix, Matrix-i Debit Card as well as VISA and Mastercard credit cards.
BSN also provides wealth management services such as medical and hospitalization insurance and will writing. - Bernama
Published: 17 May 2012
Community bank remains operationally profitable with positive trend in the past 5 years
KUALA LUMPUR: Bank Simpanan Nasional (BSN) announced its 2011 financial highlights and reported a registered revenue of RM1.5bil against RM1.3bil in 2010, representing a 12.6% year-on-year growth.
The bank also declared a positive increase in its net income of RM1.03bil in 2011 compared with RM968mil in 2010. Despite the challenging business environment in 2011, the community bank recorded its highest PATZ (profit after tax and zakat) of RM361mil.
Loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1% from the previous year. Personal loans remain the main contributor for the increase in loans and advances portfolio. Personal loans recorded an increase of 12.5% while mortgage and micro finance recorded a positive growth of 5.3% and 18% respectively.
In line with the bank's mandated role to inculcate savings, the bank registered a steady increase in its total deposits to RM19.6bil from RM17.9bil in 2010, a growth of 9.4%. Its retail deposits also increased to RM10.4bil compared with RM9.8bil in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
Datuk Adinan Maning, the chief executive of BSN, said: “The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model.
“A lot of plans have come to fruition for BSN as it focuses on being sustainable and operationally profitable while ensuring financial inclusion for all in Malaysia, especially those under served and in rural areas. BSN's role in serving the community, especially in the rural areas, is vital to elevate the standard of living of the rakyat.”
In 2011, its Islamic banking portfolios recorded a revenue of RM618mil, an increase of 18.2% compared to RM523mil in 2010. Its 2011 financial year registered a PAZ (profit after zakat) of RM190mil compared with RM185mil in 2010.
BSN's greatest assets are its continuous emphasis on proximity, accessibility and maintaining a long-standing relationship with its customers.
BSN has a wide network nationwide to meet its objectives for financial inclusion with 390 branches, 962 automatic teller machines (ATMs) and 213 cash deposit machines (CDM) as at March 2012. BSN has also a total of 58 micro finance centres and four new social branches which began operations in Belaga (Sarawak) and Beluran, Kinabatangan and Telupid (Sabah).
The bank is also looking into improving its services and has embarked on its core banking replacement project to ensure efficiency and customers'satisfaction. BSN was established on Dec 1 1974 to take over the functions and responsibilities of the Post Office Savings Bank and is governed by the Bank Simpanan Nasional Act 1974.
BSN's mission is to encourage savings, investments and smart financial management among Malaysians to increase their quality of life.
BSN has grown to more than 6,000 employees and 390 branches, 962 and more than 1,500 authorised agents nationwide.
It has about eight million customers spread throughout the length and breadth of Malaysia and with total retail savings deposits of RM11.9bil.
It has embarked on a number of key initiatives as a catalyst to transform, remain competitive, relevant and sustainable.
BSN is continuously enhancing its services as well as expanding its range of products for the benefit of its customers.
The savings bank'smain products include personal financing, home loans, micro financing, premium savings certificate, Islamic banking schemes, GIRO savings account, BSN Matrix, Matrix-i Debit Card as well as VISA and Mastercard credit cards.
BSN also provides wealth management services such as medical and hospitalization insurance and will writing. - Bernama
BSN net income jumps to RM1.03b
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/bsn16/Article/
Published: 17 May 2012
KUALA LUMPUR: Bank Simpanan Nasional (BSN) has posted a higher net income of RM1.03 billion for its financial year ended December 31 2011 compared with RM968 million in the same period previously.
The community bank recorded its highest profit after tax and zakat of RM361 million despite the challenging business environment in 2011, BSN said in a statement yesterday.
Its revenue rose 12.6 per cent to RM1.45 billion against RM1.29 billion in 2010.
BSN said loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1 per cent from the previous year.
In line with the bank's mandated role to inculcate savings, the bank
recorded a steady increase in its total deposits to RM19.58 billion from
RM17.90 billion in 2010.
Its retail deposits increased to RM10.44 billion compared with RM9.79 billion in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
"The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model," said BSN chief executive Datuk Adinan Maning.
In 2011, its Islamic banking portfolios recorded a revenue of RM618 million, an increase of 18.2 per cent compared to RM523 million in 2010. Bernama
Published: 17 May 2012
KUALA LUMPUR: Bank Simpanan Nasional (BSN) has posted a higher net income of RM1.03 billion for its financial year ended December 31 2011 compared with RM968 million in the same period previously.
The community bank recorded its highest profit after tax and zakat of RM361 million despite the challenging business environment in 2011, BSN said in a statement yesterday.
Its revenue rose 12.6 per cent to RM1.45 billion against RM1.29 billion in 2010.
BSN said loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1 per cent from the previous year.
Its retail deposits increased to RM10.44 billion compared with RM9.79 billion in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
"The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model," said BSN chief executive Datuk Adinan Maning.
In 2011, its Islamic banking portfolios recorded a revenue of RM618 million, an increase of 18.2 per cent compared to RM523 million in 2010. Bernama
BSN raih keuntungan RM361 juta
Source From (Berita Harian): http://www.bharian.com.my/bharian/articles/BSNraihkeuntunganRM361juta/Article
Published: 17 May 2012
Oleh Mohd Zaky Zainuddin
Pertumbuhan pembiayaan kukuh dorong catat pendapatan RM1.457 bilion
BANK Simpanan Nasional (BSN) mencatatkan keuntungan bersih RM361 juta tahun lalu didorong oleh pertumbuhan pembiayaan yang kukuh.
Dalam tahun dikaji, ia meraih pendapatan berjumlah RM1.457 bilion, meningkat 12.6 peratus berbanding RM1.294 bilion pada 2010, sementara pendapatan bersihnya meningkat kepada RM1.032 bilion daripada RM968 juta.
Ketua Eksekutifnya, Datuk Adinan Maning, berkata pembiayaan bank itu secara keseluruhannya berkembang 10.1 peratus tahun lalu, dengan pembiayaan peribadi terus menjadi penyumbang utama kepada pertumbuhan berkenaan.
Katanya, perniagaan pembiayaan peribadi bank itu berkembang 12.5
peratus, manakala pembiayaan perumahan dan kewangan mikro masing-masing
meningkat 5.3 dan 18 peratus.
“Keputusan kewangan memberangsangkan yang dicatatkan BSN tahun lalu itu bukti kepada keberkesanan pelaksanaan strategi pertumbuhan organik dan model perniagaannya.
“Kebanyakan perancangan BSN yang menumpukan kepada menjadi sebuah organisasi menguntungkan, pada masa sama menyediakan perkhidmatan kepada semua, terutama di kawasan luar bandar sudah membuahkan hasil,” katanya dalam kenyataan bagi mengumumkan keputusan kewangan itu di Kuala Lumpur, semalam.
Adinan berkata, sejajar dengan mandatnya untuk menggalakkan tabiat menyimpan, BSN tahun lalu mencatatkan kadar peningkatan konsisten dalam jumlah depositnya apabila ia berkembang 9.4 peratus kepada RM19.585 bilion daripada RM17.908 bilion pada 2010.
Katanya, deposit runcit juga meningkat kepada RM10.445 bilion pada 2011 berbanding RM9.788 bilion pada tahun sebelumnya, disumbangkan oleh produk seperti GIRO, Sijil Simpanan Premium (SSP), BSN GIRO-i dan BSN Ahsan.
Bagi perbankan Islam, Adinan berkata, portfolio perniagaan itu meraih pendapatan RM618 juta tahun lalu, meningkat 18.2 peratus berbanding RM523 juta pada 2010.
Keuntungan selepas zakat perniagaan itu, katanya meningkat kepada RM190 juta daripada RM185 juta.
Sementara itu beliau menegaskan, aset utama BSN adalah penumpuan berterusan kepada penyediaan akses perbankan yang mudah dan sentiasa menjalinkan perhubungan rapat pelanggannya.
Setakat Mac lalu, BSN katanya, mempunyai rangkaian cawangan meluas dengan 390 cawangan, 962 mesin ATM dan 213 mesin deposit tunai (CDM).
BSN juga mempunyai 58 pusat mikro kewangan di seluruh negara dan empat cawangan sosial yang beroperasi di Belaga (Sarawak) serta Beluran, Kinabatangan dan Telupid (Sabah).
BSN juga, katanya giat dalam meningkatkan mutu perkhidmatannya dengan melancarkan projek sistem perbankan terasnya untuk memastikan ia lebih efektif serta meningkatkan lagi kepuasan pelanggan.
BSN yang mempunyai sejarah penubuhan sejak akhir abad ke-19 itu ditubuhkan dengan misi bagi menambah baik kesejahteraan ekonomi dan kualiti hidup rakyat Malaysia menerusi menggalakkan simpanan, pelaburan dan amalan pengurusan kewangan bijak.
Published: 17 May 2012
Oleh Mohd Zaky Zainuddin
Pertumbuhan pembiayaan kukuh dorong catat pendapatan RM1.457 bilion
BANK Simpanan Nasional (BSN) mencatatkan keuntungan bersih RM361 juta tahun lalu didorong oleh pertumbuhan pembiayaan yang kukuh.
Dalam tahun dikaji, ia meraih pendapatan berjumlah RM1.457 bilion, meningkat 12.6 peratus berbanding RM1.294 bilion pada 2010, sementara pendapatan bersihnya meningkat kepada RM1.032 bilion daripada RM968 juta.
Ketua Eksekutifnya, Datuk Adinan Maning, berkata pembiayaan bank itu secara keseluruhannya berkembang 10.1 peratus tahun lalu, dengan pembiayaan peribadi terus menjadi penyumbang utama kepada pertumbuhan berkenaan.
“Keputusan kewangan memberangsangkan yang dicatatkan BSN tahun lalu itu bukti kepada keberkesanan pelaksanaan strategi pertumbuhan organik dan model perniagaannya.
“Kebanyakan perancangan BSN yang menumpukan kepada menjadi sebuah organisasi menguntungkan, pada masa sama menyediakan perkhidmatan kepada semua, terutama di kawasan luar bandar sudah membuahkan hasil,” katanya dalam kenyataan bagi mengumumkan keputusan kewangan itu di Kuala Lumpur, semalam.
Adinan berkata, sejajar dengan mandatnya untuk menggalakkan tabiat menyimpan, BSN tahun lalu mencatatkan kadar peningkatan konsisten dalam jumlah depositnya apabila ia berkembang 9.4 peratus kepada RM19.585 bilion daripada RM17.908 bilion pada 2010.
Katanya, deposit runcit juga meningkat kepada RM10.445 bilion pada 2011 berbanding RM9.788 bilion pada tahun sebelumnya, disumbangkan oleh produk seperti GIRO, Sijil Simpanan Premium (SSP), BSN GIRO-i dan BSN Ahsan.
Bagi perbankan Islam, Adinan berkata, portfolio perniagaan itu meraih pendapatan RM618 juta tahun lalu, meningkat 18.2 peratus berbanding RM523 juta pada 2010.
Keuntungan selepas zakat perniagaan itu, katanya meningkat kepada RM190 juta daripada RM185 juta.
Sementara itu beliau menegaskan, aset utama BSN adalah penumpuan berterusan kepada penyediaan akses perbankan yang mudah dan sentiasa menjalinkan perhubungan rapat pelanggannya.
Setakat Mac lalu, BSN katanya, mempunyai rangkaian cawangan meluas dengan 390 cawangan, 962 mesin ATM dan 213 mesin deposit tunai (CDM).
BSN juga mempunyai 58 pusat mikro kewangan di seluruh negara dan empat cawangan sosial yang beroperasi di Belaga (Sarawak) serta Beluran, Kinabatangan dan Telupid (Sabah).
BSN juga, katanya giat dalam meningkatkan mutu perkhidmatannya dengan melancarkan projek sistem perbankan terasnya untuk memastikan ia lebih efektif serta meningkatkan lagi kepuasan pelanggan.
BSN yang mempunyai sejarah penubuhan sejak akhir abad ke-19 itu ditubuhkan dengan misi bagi menambah baik kesejahteraan ekonomi dan kualiti hidup rakyat Malaysia menerusi menggalakkan simpanan, pelaburan dan amalan pengurusan kewangan bijak.
BSN catat untung RM1.457 bilion
BANK Simpanan Nasional (BSN) mengumumkan pencapaian kewangan dan
keuntungan berjumlah RM1.457 bilion bagi tahun 2011 berbanding RM1.294
bilion yang dicatatkan pada tahun lalu.
Ini menyaksikan peningkatan 12.6 peratus dengan keuntungan pendapatan bersih RM1.032 bilion selain merekodkan keuntungan selepas cukai dan zakat RM361 juta.
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/BSNcatatuntungRM1_457bilion/Article/index_html
Published: 17 May 2012
Ketua Eksekutifnya, Datuk Adinan Maning berkata, keuntungan memberangsangkan yang dicapai tahun lalu membuktikan inisiatif dirancang memperlihatkan impak positif, sekali gus membantu BSN mengekalkan kedudukannya di dalam sektor kewangan Malaysia.
“Prestasi BSN pada 2011 adalah bukti bahawa strategi dan pendekatan dilakukan tepat dengan banyak inisiatif yang dirancang berjaya. “BSN akan terus memperkembangkan inisiatif rangkuman kewangannya dan komited untuk menyediakan akses perbankan berkualiti dan lebih menyeluruh bagi segenap lapisan komuniti di Malaysia,” katanya dalam satu kenyataan dikeluarkan, semalam.
Menurut Adinan, segmen pinjaman, pendahuluan dan pembiayaan menjadi penyumbang utama kepada pertumbuhan aset keseluruhan di mana tahun lalu ia mencatatkan pertumbuhan 10.1 peratus berbanding tahun sebelumnya.
Segmen pembiayaan peribadi masih mengekalkan kedudukannya selaku peneraju dalam pinjaman selain portfolio pendahuluan dengan pertumbuhan 12.5 peratus. Pembiayaan perumahan dan Mikro Kewangan masing-masing mencatatkan pertumbuhan 5.3 peratus dan 18 peratus.
Selain itu, portfolio Perbankan Islam BSN turut merekodkan keuntungan RM618 juta, peningkatan 18.2 peratus tahun lalu berbanding RM523 juta pada 2010.
Ini menyaksikan peningkatan 12.6 peratus dengan keuntungan pendapatan bersih RM1.032 bilion selain merekodkan keuntungan selepas cukai dan zakat RM361 juta.
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/BSNcatatuntungRM1_457bilion/Article/index_html
Published: 17 May 2012
Ketua Eksekutifnya, Datuk Adinan Maning berkata, keuntungan memberangsangkan yang dicapai tahun lalu membuktikan inisiatif dirancang memperlihatkan impak positif, sekali gus membantu BSN mengekalkan kedudukannya di dalam sektor kewangan Malaysia.
“Prestasi BSN pada 2011 adalah bukti bahawa strategi dan pendekatan dilakukan tepat dengan banyak inisiatif yang dirancang berjaya. “BSN akan terus memperkembangkan inisiatif rangkuman kewangannya dan komited untuk menyediakan akses perbankan berkualiti dan lebih menyeluruh bagi segenap lapisan komuniti di Malaysia,” katanya dalam satu kenyataan dikeluarkan, semalam.
Menurut Adinan, segmen pinjaman, pendahuluan dan pembiayaan menjadi penyumbang utama kepada pertumbuhan aset keseluruhan di mana tahun lalu ia mencatatkan pertumbuhan 10.1 peratus berbanding tahun sebelumnya.
Segmen pembiayaan peribadi masih mengekalkan kedudukannya selaku peneraju dalam pinjaman selain portfolio pendahuluan dengan pertumbuhan 12.5 peratus. Pembiayaan perumahan dan Mikro Kewangan masing-masing mencatatkan pertumbuhan 5.3 peratus dan 18 peratus.
Selain itu, portfolio Perbankan Islam BSN turut merekodkan keuntungan RM618 juta, peningkatan 18.2 peratus tahun lalu berbanding RM523 juta pada 2010.
Malakoff bertapak di Bahrain
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/MalakoffbertapakdiBahrain/Article/index_html
Published: 17 May 2012
PENGELUAR air dan kuasa persendirian terkemuka, Malakoff Corporation Bhd memeterai perjanjian pembiayaan bernilai RM270 juta bagi pengambilalihan kepentingan loji jana kuasa persendirian dan penyahmasinan air terbesar Bahrain, Hidd Power Company (HPC).
Pengambilalihan secara tidak langsung dalam 40 peratus kepentingan HPC oleh anak syarikat MMC Corporation Bhd itu dibiayai Bank Exim Malaysia dan Bank Korporat Mizuho yang disediakan kepada anak syarikat Malakoff, Malakoff International Limited.
Ketua Pegawai Eksekutif Malakoff, Zainal Abidin Jalil berkata selain negara Timur Tengah, Malakoff turut meninjau peluang pertumbuhan lain terutamanya di pasaran Asia Tenggara yang pesat berkembang.
“Syarikat memenangi dan melaksanakan projek di Arab Saudi dan Algeria. Langkah pada masa ini adalah untuk mengembangkan kehadiran Malakoff di Bahrain yang akan memantapkan lagi kedudukan sebagai pengeluar air dan kuasa persendirian terkemuka di rantau ini,” katanya pada majlis menandatangani perjanjian itu di Kuala Lumpur.
Published: 17 May 2012
PENGELUAR air dan kuasa persendirian terkemuka, Malakoff Corporation Bhd memeterai perjanjian pembiayaan bernilai RM270 juta bagi pengambilalihan kepentingan loji jana kuasa persendirian dan penyahmasinan air terbesar Bahrain, Hidd Power Company (HPC).
Pengambilalihan secara tidak langsung dalam 40 peratus kepentingan HPC oleh anak syarikat MMC Corporation Bhd itu dibiayai Bank Exim Malaysia dan Bank Korporat Mizuho yang disediakan kepada anak syarikat Malakoff, Malakoff International Limited.
Ketua Pegawai Eksekutif Malakoff, Zainal Abidin Jalil berkata selain negara Timur Tengah, Malakoff turut meninjau peluang pertumbuhan lain terutamanya di pasaran Asia Tenggara yang pesat berkembang.
“Syarikat memenangi dan melaksanakan projek di Arab Saudi dan Algeria. Langkah pada masa ini adalah untuk mengembangkan kehadiran Malakoff di Bahrain yang akan memantapkan lagi kedudukan sebagai pengeluar air dan kuasa persendirian terkemuka di rantau ini,” katanya pada majlis menandatangani perjanjian itu di Kuala Lumpur.
MIDF upgrades Kinsteel to 'buy'
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120516173005/Article/index_html
Published: 16 May 2012
OSK Research is maintaining a "neutral" call on steel manufacturer, Kinsteel Bhd, saying that it was not pinning too much hope on its business since the implementation of mega projects under the Economic Transformation Programme may encounter delay.
"However, we expect the better iron-making margin from cheaper iron ore pellets to more than compensate for the negative impact arising from the potential delay in the commissioning of the concentration and pelletization plant at Perwaya, Kinsteel's subsidiary," OSK Research said in its research notes.
OSK is maintaining its "neutral" call on Kinsteel with unchanged fair value of 49 sen.
MIDF Research, however, has upgraded its call to "buy" from a "neutral" recommendation on Kinsteel with a target price of 51 sen.
"Domestically, we expect orders for steel bars to be sustained at least
in the next five to 10 years as there are plenty of sizeable
construction projects currently ongoing, with more to be awarded," MIDF
Research said.
MIDF Research said Kinsteel's stock price has declined by 15.7 per cent year to date.
"We believe that investors may have over-imputed the external risks for this stock. Hence, given the ample upside of 20 per cent, we are upgrading Kinsteel to 'buy'," MIDF Research said.
Kinsteel swung to profit after six quarters of net losses. It delivered a net profit of RM10.3 million for first quarter financial year 2012.
As at 4.34 pm, Kinsteel rose one sen to 43.5 sen. -- BERNAMA
Published: 16 May 2012
OSK Research is maintaining a "neutral" call on steel manufacturer, Kinsteel Bhd, saying that it was not pinning too much hope on its business since the implementation of mega projects under the Economic Transformation Programme may encounter delay.
"However, we expect the better iron-making margin from cheaper iron ore pellets to more than compensate for the negative impact arising from the potential delay in the commissioning of the concentration and pelletization plant at Perwaya, Kinsteel's subsidiary," OSK Research said in its research notes.
OSK is maintaining its "neutral" call on Kinsteel with unchanged fair value of 49 sen.
MIDF Research, however, has upgraded its call to "buy" from a "neutral" recommendation on Kinsteel with a target price of 51 sen.
MIDF Research said Kinsteel's stock price has declined by 15.7 per cent year to date.
"We believe that investors may have over-imputed the external risks for this stock. Hence, given the ample upside of 20 per cent, we are upgrading Kinsteel to 'buy'," MIDF Research said.
Kinsteel swung to profit after six quarters of net losses. It delivered a net profit of RM10.3 million for first quarter financial year 2012.
As at 4.34 pm, Kinsteel rose one sen to 43.5 sen. -- BERNAMA
Bank Simpanan Nasional posts net income of RM1.032b
KUALA LUMPUR(Bernama): Bank Simpanan Nasional (BSN) has posted a
higher net income of RM1.032bil for its financial year ended Dec 31,
2011 compared to RM968mil in FY10.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/16/business/20120516161726&sec=business
Published: 16 May 2012
The community bank recorded its highest profit after tax and zakat (PATZ) of RM361mill despite the challenging business environment in 2011, BSN said in a statement on Wednesday.
Its revenue rose 12.6% to RM1.457bil from RM1.294bil in 2010.
BSN said loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1% from the previous year.
In line with the bank's mandated role to inculcate savings, the bank recorded a steady increase in its total deposits to RM19.585bil from RM17.908bil in 2010.
Its retail deposits also increased to RM10.445bil compared to RM9.788bil in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
“The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model,” BSN Chief Executive Datuk Adinan Maning said.
In 2011, its Islamic banking portfolios recorded a revenue of RM618mil, an increase of 18.2% compared to RM523mil in 2010.
Adinan said the bank was also looking into improving its services and had embarked on its core banking replacement project to ensure efficiency and customers' satisfaction.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/16/business/20120516161726&sec=business
Published: 16 May 2012
The community bank recorded its highest profit after tax and zakat (PATZ) of RM361mill despite the challenging business environment in 2011, BSN said in a statement on Wednesday.
Its revenue rose 12.6% to RM1.457bil from RM1.294bil in 2010.
BSN said loans, advances and financing were the main contributors to the significant growth of its total assets in 2011 which grew 10.1% from the previous year.
In line with the bank's mandated role to inculcate savings, the bank recorded a steady increase in its total deposits to RM19.585bil from RM17.908bil in 2010.
Its retail deposits also increased to RM10.445bil compared to RM9.788bil in the previous year, mainly contributed by GIRO, Sijil Simpanan Premium, BSN GIRO-i and BSN Ahsan.
“The bank's sound financial results for 2011 are a validation of its effective organic growth strategies and sustainable business model,” BSN Chief Executive Datuk Adinan Maning said.
In 2011, its Islamic banking portfolios recorded a revenue of RM618mil, an increase of 18.2% compared to RM523mil in 2010.
Adinan said the bank was also looking into improving its services and had embarked on its core banking replacement project to ensure efficiency and customers' satisfaction.
Wednesday, May 16, 2012
Malakoff secures US$90m loan to buy stake in Bahrain firm
KUALA LUMPUR: Malakoff Corp Bhd, a subsidiary of MMC Corp Bhd has
secured a US$90 million (RM277 million) financing facility to partly
finance its proposed acquisition of an indirect 40 per cent stake in
Bahrain's largest independent power generation and water desalination
plant, Hidd Power Co (HPC).
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/maximho/Article/
Published: 15 May 2012
The company yesterday signed the financing facility deal with Export-Import Bank of Malaysia Bhd (Exim Bank) and Japan's Mizuho Corporate Bank.
Malakoff chief executive officer Zainal Abidin Jalil said the facility comes into two tranches of US$45 million each (RM135 million) and a tenure of five years.
"For us (Malakoff), this is the first time we secured such financing facility from Exim Bank, while Mizuho had been as our lender previously.
"It's a start for Exim Bank. We can actually do things together for
our global expansion," he told reporters after the signing of the loan
facility agreement, here.
Zainal Abidin said the synergies developed from the strategic collaboration with the various parties in Malaysia and Bahrain will further strengthen the Malakoff's position as a leading player in the Middle East and North Africa region.
"The company has won and implemented projects in Saudia Arabia and Algeria. The move to expand Malakoff's presence into Bahrain will further solidify its position as a leading independent water and power producer regionally," he said.
HPC is the owner and operator of a build, own and operate power generation and water desalination plant in Bahrain with a total capacity of 929MW of power and 90 million imperial gallons a day of water desalination.
The facility supplies Bahrain with about 39 per cent and 62 per cent of current power and water supply, respectively.
Malakoff is buying a 40 per cent indirect interest in HPC through the acquisition of IP Middle East Holding Company from International Power Holdings Ltd.
Upon the completion of the acquisition, Malakoff International Ltd, a subsidiary of Malakoff Corp will control 40 per cent interest in HPC, while IPR-GDF Suez and Sumitomo Corp will hold 30 per cent stake each.
Moving forward, Zainal Abidin said Malakoff is exploring other growth opportunities, especially in the fast growing Southeast Asian markets, besides the Middle East.
"Today's acquisition marks a further step in Malakoff's expansion as we power ahead with our plans to become Malaysia's multinational water and power company," he said.
Malakoff is Malaysia's largest independent power producer with a net generating capacity of 5,020MW from its six power stations. The company recently won the bid to expand its Tanjong Bin coal-fired power plant by another 1,000MW.
"We are also looking at opportunities beyond Malaysian shores like in Pakistan. But it is still at preliminary studies or early stage. We are also in the midst of organising a bid for a water project in Oman," he said.
Asked on Malakoff's proposed re-relisting on Bursa Malaysia, Zainal Abidin said the company will appoint advisers for the initial public offering, slated by early next year.
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/maximho/Article/
Published: 15 May 2012
The company yesterday signed the financing facility deal with Export-Import Bank of Malaysia Bhd (Exim Bank) and Japan's Mizuho Corporate Bank.
Malakoff chief executive officer Zainal Abidin Jalil said the facility comes into two tranches of US$45 million each (RM135 million) and a tenure of five years.
"For us (Malakoff), this is the first time we secured such financing facility from Exim Bank, while Mizuho had been as our lender previously.
Zainal Abidin said the synergies developed from the strategic collaboration with the various parties in Malaysia and Bahrain will further strengthen the Malakoff's position as a leading player in the Middle East and North Africa region.
"The company has won and implemented projects in Saudia Arabia and Algeria. The move to expand Malakoff's presence into Bahrain will further solidify its position as a leading independent water and power producer regionally," he said.
HPC is the owner and operator of a build, own and operate power generation and water desalination plant in Bahrain with a total capacity of 929MW of power and 90 million imperial gallons a day of water desalination.
The facility supplies Bahrain with about 39 per cent and 62 per cent of current power and water supply, respectively.
Malakoff is buying a 40 per cent indirect interest in HPC through the acquisition of IP Middle East Holding Company from International Power Holdings Ltd.
Upon the completion of the acquisition, Malakoff International Ltd, a subsidiary of Malakoff Corp will control 40 per cent interest in HPC, while IPR-GDF Suez and Sumitomo Corp will hold 30 per cent stake each.
Moving forward, Zainal Abidin said Malakoff is exploring other growth opportunities, especially in the fast growing Southeast Asian markets, besides the Middle East.
"Today's acquisition marks a further step in Malakoff's expansion as we power ahead with our plans to become Malaysia's multinational water and power company," he said.
Malakoff is Malaysia's largest independent power producer with a net generating capacity of 5,020MW from its six power stations. The company recently won the bid to expand its Tanjong Bin coal-fired power plant by another 1,000MW.
"We are also looking at opportunities beyond Malaysian shores like in Pakistan. But it is still at preliminary studies or early stage. We are also in the midst of organising a bid for a water project in Oman," he said.
Asked on Malakoff's proposed re-relisting on Bursa Malaysia, Zainal Abidin said the company will appoint advisers for the initial public offering, slated by early next year.
Malakoff dapat biaya RM276.79j
Source From (Berita Harian): Malakoff dapat biaya RM276.79j
Oleh Suffian A Bakar
2012/05/15
MALAKOFF Corporation Bhd, memperoleh kemudahan pembiayaan berjumlah AS$90 juta (RM276.79 juta) daripada Export-Import Bank of Malaysia Bhd (EXIM Bank) dan Mizuho Corporate Bank, iaitu bank ketiga terbesar di Jepun. Ketua Eksekutifnya, Zainal Abidin Jalil, berkata kemudahan itu adalah untuk membiayai pengambilalihan 40 peratus kepentingan tidak langsung dalam pengendali loji jana kuasa bebas dan loji pemprosesan air terbesar di Bahrain, Hidd Power Company BSC (HPC) oleh Malakoff Corporation.
“Pembiayaan dibahagikan kepada dua fasa iaitu AS$45 juta setiap satu untuk tempoh lima tahun itu, akan mengukuhkan lagi kedudukan kami sebagai pengeluar tenaga dan air minuman bersih di rantau itu,” katanya pada majlis pemeteraian pembiayaan itu di Kuala Lumpur, semalam.
Hadir sama, Pengerusi EXIM Bank, Datuk Mohd Hashim Hassan; Pengerusi Malakoff Corporation, Datuk Syed Abdul Jabbar Syed Hassan; Pengarah Urusan yang juga Ketua Eksekutif EXIM Bank, Datuk Adissadikin Ali dan Pengarah Urusan yang juga Ketua Eksekutif Mizuho Bank, Hiroyuki Yoshinari.
Zainal Abidin berkata, kemudahan pembiayaan bertempoh itu akan disalurkan kepada anak syarikat Malakoff Corporation, Malakoff International Ltd.
Jumaat lalu, MMC Corporation Bhd, mengumumkan bahawa Malakoff Corporation, iaitu anak syarikat 51 peratusnya mengambilalih 100 peratus kepentingan IP Middle East Holding Company Ltd (IPME) daripada International Power Holdings Ltd (IPR).
Pengambilalihan itu menyaksikan Malakoff Corporation menguasai kepentingan tidak langsung sebanyak 40 peratus dalam HPC, pemilik dan pengendali loji jana kuasa dan pemprosesan air di Bahrain itu.
Baki kepentingan HPC dikuasai IPR-GDF Suez dan Sumitomo Corporation, masing-masing sebanyak 30 peratus.
Zainal Abidin berkata, loji jana kuasa itu berkeupayaan menghasilkan 929 Megawatt tenaga elektrik, membekal kepada kira-kira 39 peratus bekalan elektrik Bahrain, manakala loji pemprosesan air itu pula berkeupayaan memproses 90 juta gelen air sehari, membekal 62 peratus bekalan air minuman negara itu.
Katanya, selain Asia Barat, Malakoff Corporation juga meninjau peluang perniagaan di Asia Tenggara. Bagaimanapun, katanya, ia masih lagi di peringkat awal.
Mengenai penyenaraian semula Malakoff Corporation, beliau berkata, MMC Corporation belum lagi menentukan bank mana yang akan dilantik sebagai penasihat dan penaja jamin cadangan penyenaraian semula itu.
Laporan sebelum ini menyebut proses melantik penasihat ekuiti dan penaja jamin sudah pun dimulakan.
Malakoff Corporation adalah pengeluar tenaga bebas terbesar negara dengan keupayaan menjana 5,020 Megawatt tenaga elektrik menerusi enam stesen jana kuasanya.
Oleh Suffian A Bakar
2012/05/15
MALAKOFF Corporation Bhd, memperoleh kemudahan pembiayaan berjumlah AS$90 juta (RM276.79 juta) daripada Export-Import Bank of Malaysia Bhd (EXIM Bank) dan Mizuho Corporate Bank, iaitu bank ketiga terbesar di Jepun. Ketua Eksekutifnya, Zainal Abidin Jalil, berkata kemudahan itu adalah untuk membiayai pengambilalihan 40 peratus kepentingan tidak langsung dalam pengendali loji jana kuasa bebas dan loji pemprosesan air terbesar di Bahrain, Hidd Power Company BSC (HPC) oleh Malakoff Corporation.
“Pembiayaan dibahagikan kepada dua fasa iaitu AS$45 juta setiap satu untuk tempoh lima tahun itu, akan mengukuhkan lagi kedudukan kami sebagai pengeluar tenaga dan air minuman bersih di rantau itu,” katanya pada majlis pemeteraian pembiayaan itu di Kuala Lumpur, semalam.
Hadir sama, Pengerusi EXIM Bank, Datuk Mohd Hashim Hassan; Pengerusi Malakoff Corporation, Datuk Syed Abdul Jabbar Syed Hassan; Pengarah Urusan yang juga Ketua Eksekutif EXIM Bank, Datuk Adissadikin Ali dan Pengarah Urusan yang juga Ketua Eksekutif Mizuho Bank, Hiroyuki Yoshinari.
Zainal Abidin berkata, kemudahan pembiayaan bertempoh itu akan disalurkan kepada anak syarikat Malakoff Corporation, Malakoff International Ltd.
Jumaat lalu, MMC Corporation Bhd, mengumumkan bahawa Malakoff Corporation, iaitu anak syarikat 51 peratusnya mengambilalih 100 peratus kepentingan IP Middle East Holding Company Ltd (IPME) daripada International Power Holdings Ltd (IPR).
Pengambilalihan itu menyaksikan Malakoff Corporation menguasai kepentingan tidak langsung sebanyak 40 peratus dalam HPC, pemilik dan pengendali loji jana kuasa dan pemprosesan air di Bahrain itu.
Baki kepentingan HPC dikuasai IPR-GDF Suez dan Sumitomo Corporation, masing-masing sebanyak 30 peratus.
Zainal Abidin berkata, loji jana kuasa itu berkeupayaan menghasilkan 929 Megawatt tenaga elektrik, membekal kepada kira-kira 39 peratus bekalan elektrik Bahrain, manakala loji pemprosesan air itu pula berkeupayaan memproses 90 juta gelen air sehari, membekal 62 peratus bekalan air minuman negara itu.
Katanya, selain Asia Barat, Malakoff Corporation juga meninjau peluang perniagaan di Asia Tenggara. Bagaimanapun, katanya, ia masih lagi di peringkat awal.
Mengenai penyenaraian semula Malakoff Corporation, beliau berkata, MMC Corporation belum lagi menentukan bank mana yang akan dilantik sebagai penasihat dan penaja jamin cadangan penyenaraian semula itu.
Laporan sebelum ini menyebut proses melantik penasihat ekuiti dan penaja jamin sudah pun dimulakan.
Malakoff Corporation adalah pengeluar tenaga bebas terbesar negara dengan keupayaan menjana 5,020 Megawatt tenaga elektrik menerusi enam stesen jana kuasanya.
Malakoff meterai kemudahan pembiayaan US$90 juta
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/malakoff-meterai-kemudahan-pembiayaan-us-90-juta-1.47885
Published: 14 May 2012
KUALA LUMPUR - Malakoff Corporation Bhd, anak syarikat MMC Corporation Bhd, telah memeterai perjanjian pembiayaan bernilai US$90 juta untuk pengambilalihan kepentingan secara tidak langsung sebanyak 40 peratus dalam loji janakuasa persendirian dan penyahmasinan air terbesar Bahrain, Hidd Power Company (HPC). Perjanjian hari ini yang dimeterai antara Exim Bank Malaysia dan Mizuho Corporate Bank menandakan siapnya kemudahan pinjaman bertempoh berjumlah US$90 juta yang disediakan kepada anak syarikat Malakoff, Malakoff International Limited, oleh Mizuho dan Exim. HPC ialah pemilik dan pengendali loji kuasa dan penyahmasinan air bina-milik-kendali Bahrain, dengan kapasiti kuasa 929MW dan 90 MIGD (juga gelen imperial sehari) penyahmasinan air. Ketua pegawai eksekutif Malakoff, Zainal Abidin Jalil berkata selain daripada Timur Tengah, Malakoff turut meninjau peluang pertumbuhan lain terutamanya di pasaran Asia Tenggara yang pesat berkembang. "Syarikat telahpun memenangi dan melaksanakan projek di Arab Saudi dan Algeria. "Langkah pada masa ini untuk mengembangkan kehadiran Malakoff di Bahrain akan memantapkan lagi kedudukannya sebagai pengeluar air dan kuasa persendirian terkemuka di rantau ini," kata beliau pada majlis berkenaan. Malakoff memainkan peranan penting dalam sektor tenaga Malaysia sebagai pengeluar kuasa persendirian terbesar negara dengan kapasiti penjanaan bersih 5,020MW dari enam stesen kuasanya. Syarikat baru-baru ini telah memenangi bida kompetitif untuk mengembangkan loji kuasa arangbatunya, Tanjong Bin sebanyak 1,000 MW lagi. "Pada masa ini, projek-projek tempatan menguasai 95 peratus daripada pendapatan," kata Zainal Abidin. "Sebagai sebahagian daripada rancangan peluasan kami, Malakoff mempunyai penerokaan kuasa dan air di Arab Saudi, Algeria, Kuwait dan Bahrain. "Syarikat turut membuat penembusan ke pasaran-pasaran Asia Tenggara yang pesat berkembang," kata beliau. Malakoff, pengeluar air dan kuasa persendirian terkemuka dengan fokus terasnya kepada penjanaan kuasa, penyahmasinan air dan operasi serta perkhidmatan penyenggaraan, bercadang melaksanakan tawaran awam permulaan (IPO) tahun depan. - Bernama
Published: 14 May 2012
KUALA LUMPUR - Malakoff Corporation Bhd, anak syarikat MMC Corporation Bhd, telah memeterai perjanjian pembiayaan bernilai US$90 juta untuk pengambilalihan kepentingan secara tidak langsung sebanyak 40 peratus dalam loji janakuasa persendirian dan penyahmasinan air terbesar Bahrain, Hidd Power Company (HPC). Perjanjian hari ini yang dimeterai antara Exim Bank Malaysia dan Mizuho Corporate Bank menandakan siapnya kemudahan pinjaman bertempoh berjumlah US$90 juta yang disediakan kepada anak syarikat Malakoff, Malakoff International Limited, oleh Mizuho dan Exim. HPC ialah pemilik dan pengendali loji kuasa dan penyahmasinan air bina-milik-kendali Bahrain, dengan kapasiti kuasa 929MW dan 90 MIGD (juga gelen imperial sehari) penyahmasinan air. Ketua pegawai eksekutif Malakoff, Zainal Abidin Jalil berkata selain daripada Timur Tengah, Malakoff turut meninjau peluang pertumbuhan lain terutamanya di pasaran Asia Tenggara yang pesat berkembang. "Syarikat telahpun memenangi dan melaksanakan projek di Arab Saudi dan Algeria. "Langkah pada masa ini untuk mengembangkan kehadiran Malakoff di Bahrain akan memantapkan lagi kedudukannya sebagai pengeluar air dan kuasa persendirian terkemuka di rantau ini," kata beliau pada majlis berkenaan. Malakoff memainkan peranan penting dalam sektor tenaga Malaysia sebagai pengeluar kuasa persendirian terbesar negara dengan kapasiti penjanaan bersih 5,020MW dari enam stesen kuasanya. Syarikat baru-baru ini telah memenangi bida kompetitif untuk mengembangkan loji kuasa arangbatunya, Tanjong Bin sebanyak 1,000 MW lagi. "Pada masa ini, projek-projek tempatan menguasai 95 peratus daripada pendapatan," kata Zainal Abidin. "Sebagai sebahagian daripada rancangan peluasan kami, Malakoff mempunyai penerokaan kuasa dan air di Arab Saudi, Algeria, Kuwait dan Bahrain. "Syarikat turut membuat penembusan ke pasaran-pasaran Asia Tenggara yang pesat berkembang," kata beliau. Malakoff, pengeluar air dan kuasa persendirian terkemuka dengan fokus terasnya kepada penjanaan kuasa, penyahmasinan air dan operasi serta perkhidmatan penyenggaraan, bercadang melaksanakan tawaran awam permulaan (IPO) tahun depan. - Bernama
Exim Bank set to lend RM1.5bil
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/15/business/11289243&sec=business
Published: Tuesday May 15, 2012
By CHOONG EN HAN
han@thestar.com.my
PETALING JAYA: Export-Import Bank of Malaysia Bhd (Exim Bank) is targeting to achieve RM1.5bil in disbursements this year, riding on the trend of more Malaysian companies venturing overseas.
“As of the end of April, we had disbursed about RM800mil in funds. Last year, we disbursed RM1.2bil, surpassing our target of RM1bil,” said Exim Bank chief executive officer Datuk Adissadikin Ali at the signing ceremony for a US$90mil financing facility for Malakoff Corporation Bhd, jointly arranged by Mizuho Corporate Bank and Exim Bank.
He said business had been quite good with more local companies venturing into construction or capital intensive projects.
Adissadikin: ‘We see a number of companies venturing overseas and they are poised to bid for big projects.’
“We see a number of construction companies, power and water players venturing overseas as the opportunities locally are limited. When they venture out, they are poised to bid for big projects, and like the facility provided to Malakoff, one single exposure is already US$90mil,” he said.
He said the bank would like to partner with domestic and foreign parties to provide facility for customers as the bank could reduce its risk exposure.
“This is not the first time and this would not be the last partnership. We would be cooperating with a lot more domestic banks that have operations overseas and locally incorporated foreign banks,” he said.
Set up by the government, Exim Bank's role is to provide credit facilities and insurance services to support exports and imports of goods, services and overseas investments with emphasis on non traditional markets.
Published: Tuesday May 15, 2012
By CHOONG EN HAN
han@thestar.com.my
PETALING JAYA: Export-Import Bank of Malaysia Bhd (Exim Bank) is targeting to achieve RM1.5bil in disbursements this year, riding on the trend of more Malaysian companies venturing overseas.
“As of the end of April, we had disbursed about RM800mil in funds. Last year, we disbursed RM1.2bil, surpassing our target of RM1bil,” said Exim Bank chief executive officer Datuk Adissadikin Ali at the signing ceremony for a US$90mil financing facility for Malakoff Corporation Bhd, jointly arranged by Mizuho Corporate Bank and Exim Bank.
He said business had been quite good with more local companies venturing into construction or capital intensive projects.
Adissadikin: ‘We see a number of companies venturing overseas and they are poised to bid for big projects.’ “We see a number of construction companies, power and water players venturing overseas as the opportunities locally are limited. When they venture out, they are poised to bid for big projects, and like the facility provided to Malakoff, one single exposure is already US$90mil,” he said.
He said the bank would like to partner with domestic and foreign parties to provide facility for customers as the bank could reduce its risk exposure.
“This is not the first time and this would not be the last partnership. We would be cooperating with a lot more domestic banks that have operations overseas and locally incorporated foreign banks,” he said.
Set up by the government, Exim Bank's role is to provide credit facilities and insurance services to support exports and imports of goods, services and overseas investments with emphasis on non traditional markets.
Exim Bank hopes to disburse RM1.5b
Source From (Busines Times): http://www.btimes.com.my/Current_News/BTIMES/articles/adixim/Article/
Published: 15 May 2012
EXPORT-Import Bank of Malaysia Bhd (Exim Bank) is confident of disbursing RM1.5 billion loans this year due to encouraging demand for financing facilities from Malaysian companies venturing abroad.
The bank has already disbursed RM800 million loans in the first four months this year, managing director and chief executive officer Datuk Adissadikin Ali said.
Last year, the bank disbursed RM1.2 billion loans, which surpassed the targeted RM1 billion.
"So, business has been quite good. There are a lot of Malaysian companies that are going abroad," he told reporters after the signing of a US$90 million (RM277 million) financing facility between Malakoff Corp Bhd, Exim Bank and Mizuho Corporate Bank, here yesterday.
The financing facilities are for Malakoff's purchase of a 40 per
cent stake in Bahrain's largest independent power generation and water
desalination plant, Hidd Power Company, through the acquisition of IP
Middle East Holding Company from International Power Holdings Ltd.
Most of the loans went to the construction sector and infrastructure projects.
"Many construction, power and water companies are going out of Malaysia as projects are quite limited here.
"So when they go out, they bid for big projects and, thus, there will be big loans involved like this one signed today, which has a single exposure of US$90 million," Adissadikin said.
He said Exim Bank will continue to team up with foreign banks or domestic banks that have operations overseas to provide financing facilities to Malaysian companies going abroad.
On financing for the Malaysia Kitchen Programme, Adissadikin said the response towards the programme has been good, with more than 10 applications approved by Exim Bank so far this year.
Under the programme, the government has allocated a RM180 million fund, which is managed by Exim Bank. The fund is to assist Malaysian entrepreneurs to set up or expand existing Malaysian restaurants overseas.
"In terms of value, it's very rare that the application surpasses RM1 million for one restaurant. This includes for the operation as well. We usually don't give out too big amounts," he said.
He added that the bank has received many applications to set up or expand Malaysian restaurants in China, Britain, Australia and India.
Published: 15 May 2012
EXPORT-Import Bank of Malaysia Bhd (Exim Bank) is confident of disbursing RM1.5 billion loans this year due to encouraging demand for financing facilities from Malaysian companies venturing abroad.
The bank has already disbursed RM800 million loans in the first four months this year, managing director and chief executive officer Datuk Adissadikin Ali said.
Last year, the bank disbursed RM1.2 billion loans, which surpassed the targeted RM1 billion.
"So, business has been quite good. There are a lot of Malaysian companies that are going abroad," he told reporters after the signing of a US$90 million (RM277 million) financing facility between Malakoff Corp Bhd, Exim Bank and Mizuho Corporate Bank, here yesterday.
Most of the loans went to the construction sector and infrastructure projects.
"Many construction, power and water companies are going out of Malaysia as projects are quite limited here.
"So when they go out, they bid for big projects and, thus, there will be big loans involved like this one signed today, which has a single exposure of US$90 million," Adissadikin said.
He said Exim Bank will continue to team up with foreign banks or domestic banks that have operations overseas to provide financing facilities to Malaysian companies going abroad.
On financing for the Malaysia Kitchen Programme, Adissadikin said the response towards the programme has been good, with more than 10 applications approved by Exim Bank so far this year.
Under the programme, the government has allocated a RM180 million fund, which is managed by Exim Bank. The fund is to assist Malaysian entrepreneurs to set up or expand existing Malaysian restaurants overseas.
"In terms of value, it's very rare that the application surpasses RM1 million for one restaurant. This includes for the operation as well. We usually don't give out too big amounts," he said.
He added that the bank has received many applications to set up or expand Malaysian restaurants in China, Britain, Australia and India.
Exim Bank expects to disburse RM1.5b loans this year
News From: http://www.thesundaily.my/news/378534
Published: 15 May 2012 - 05:36am
sunbiz@thesundaily.com
KUALA LUMPUR (May 15, 2012): Export-Import Bank of Malaysia Bhd (Exim Bank) expects to disburse RM1.5 billion in loans this year against RM1.2 billion last year, its managing director and CEO Datuk Adissadikin Ali said.
He said the bank had disbursed some RM800 million in loans as of April 30, 2012.
He said business has been good as many Malaysian companies are venturing overseas, and it is part of the bank's mandate to support these companies in the global market.
"Construction, power and water companies are venturing out of Malaysia as it (the market) is quite limited here. When these players go overseas, they bid for big projects thus requiring bigger loans," Adissadikin said after the ceremony yesterday where Malakoff Corporation Bhd signed for US$90 million financing facilities from Exim Bank and Mizuho Corporate Bank.
He said Exim Bank will be partnering domestic banks with overseas operations and locally incorporated foreign banks to provide the financing facilities.
About 80% of the bank's disbursements are loans to small and medium enterprises ranging from RM20 million to RM30 million.
Published: 15 May 2012 - 05:36am
sunbiz@thesundaily.com
KUALA LUMPUR (May 15, 2012): Export-Import Bank of Malaysia Bhd (Exim Bank) expects to disburse RM1.5 billion in loans this year against RM1.2 billion last year, its managing director and CEO Datuk Adissadikin Ali said.
He said the bank had disbursed some RM800 million in loans as of April 30, 2012.
He said business has been good as many Malaysian companies are venturing overseas, and it is part of the bank's mandate to support these companies in the global market.
"Construction, power and water companies are venturing out of Malaysia as it (the market) is quite limited here. When these players go overseas, they bid for big projects thus requiring bigger loans," Adissadikin said after the ceremony yesterday where Malakoff Corporation Bhd signed for US$90 million financing facilities from Exim Bank and Mizuho Corporate Bank.
He said Exim Bank will be partnering domestic banks with overseas operations and locally incorporated foreign banks to provide the financing facilities.
About 80% of the bank's disbursements are loans to small and medium enterprises ranging from RM20 million to RM30 million.
Tuesday, May 15, 2012
SME Bank sasar turun NPL
KUALA LUMPUR 13 Mei - Bank Perusahaan Kecil dan Kecil Sederhana
Malaysia (SME Bank) yang kini berdepan dengan nisbah hutang tertunggak
(NPL) yang tinggi, menetapkan lima tahun lagi untuk menurunkannya ke
paras industri.
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0514&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: Monday May 14
Pengarah Urusannya, Datuk Mohd. Radzif Mohd Yunus berkata, kadar NPL institusi perbankan pembangunan (DFI) itu pada masa ini adalah 18 peratus berbanding 28 peratus sebelum ini.
‘‘NPL yang kami tanggung ini merupakan hutang legasi yang dipikul daripada operasi Bank Industri sebelum ini.
‘‘Kami kini dalam proses meningkatkan kapasiti, mencergas dan memulihkan NPL supaya ia berada dalam kadar industri sebanyak dua peratus,’’ katanya kepada Utusan Malaysia di sini.
Dalam proses itu, Mohd Radzif mengakui Bank SME perlu berhati-hati dan berhemah dalam memberi kelulusan terutama membabitkan sektor pembuatan dan perkhidmatan.
‘‘Saya akui kedua-dua sektor itu giat diliberalisasikan tetapi itulah menjadi kebimbangan kami kerana ia mewujudkan persaingan yang banyak,’’ tambah beliau.
Beliau berkata, tidak dinafikan usahawan PKS tempatan khususnya bumiputera mempunyai kapasiti untuk menghasilkan produk tetapi mereka tidak berupaya untuk akses kepada pasaran.
Jelasnya, masalah itu mengakibatkan usahawan PKS tidak mempunyai pasaran kerana tidak berupaya untuk bersaing.
‘‘Usahawan PKS tidak boleh bergantung kepada bantuan kewangan untuk akses kepada pasaran tetapi ia memerlukan bantuan pasaran meraih lebih banyak kewangan.
‘‘Apabila kesukaran itu berlaku, ia akan menimbulkan kesukaran untuk membuat pembayaran semula.
‘‘Oleh yang demikian, kami memberi keutamaan kepada pemohon yang mempunyai amalan (membayar hutang) yang baik, selain melantik badan bebas bagi bersama-sama membuat penilaian sebelum memberi kelulusan,’’ ujar beliau.
Tambah beliau, pada masa yang sama, usahawan yang membuat pinjaman di DFI juga mesti bersedia mengubah mentaliti.
‘‘Tidak boleh lagi beranggapan kalau duit kerajaan tidak payah bayar, sebab itu NPL tinggi," katanya.
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0514&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: Monday May 14
Pengarah Urusannya, Datuk Mohd. Radzif Mohd Yunus berkata, kadar NPL institusi perbankan pembangunan (DFI) itu pada masa ini adalah 18 peratus berbanding 28 peratus sebelum ini.
‘‘NPL yang kami tanggung ini merupakan hutang legasi yang dipikul daripada operasi Bank Industri sebelum ini.
‘‘Kami kini dalam proses meningkatkan kapasiti, mencergas dan memulihkan NPL supaya ia berada dalam kadar industri sebanyak dua peratus,’’ katanya kepada Utusan Malaysia di sini.
Dalam proses itu, Mohd Radzif mengakui Bank SME perlu berhati-hati dan berhemah dalam memberi kelulusan terutama membabitkan sektor pembuatan dan perkhidmatan.
‘‘Saya akui kedua-dua sektor itu giat diliberalisasikan tetapi itulah menjadi kebimbangan kami kerana ia mewujudkan persaingan yang banyak,’’ tambah beliau.
Beliau berkata, tidak dinafikan usahawan PKS tempatan khususnya bumiputera mempunyai kapasiti untuk menghasilkan produk tetapi mereka tidak berupaya untuk akses kepada pasaran.
Jelasnya, masalah itu mengakibatkan usahawan PKS tidak mempunyai pasaran kerana tidak berupaya untuk bersaing.
‘‘Usahawan PKS tidak boleh bergantung kepada bantuan kewangan untuk akses kepada pasaran tetapi ia memerlukan bantuan pasaran meraih lebih banyak kewangan.
‘‘Apabila kesukaran itu berlaku, ia akan menimbulkan kesukaran untuk membuat pembayaran semula.
‘‘Oleh yang demikian, kami memberi keutamaan kepada pemohon yang mempunyai amalan (membayar hutang) yang baik, selain melantik badan bebas bagi bersama-sama membuat penilaian sebelum memberi kelulusan,’’ ujar beliau.
Tambah beliau, pada masa yang sama, usahawan yang membuat pinjaman di DFI juga mesti bersedia mengubah mentaliti.
‘‘Tidak boleh lagi beranggapan kalau duit kerajaan tidak payah bayar, sebab itu NPL tinggi," katanya.
MIDF maintains 'neutral' call on MBSB
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120514174209/Article/index_html
Published: Monday May 14
MIDF Research Sdn Bhd has maintained its "neutral" call on the Malaysia Building Society Bhd (MBSB) due to the limited
upside potential from the current share price.
"We make no adjustment to our forecast as earnings are within expectations," it said. MBSB's net profit was higher year-on-year but dropped on a quarterly basis.
"The increase in yearly basis is due to higher income from Islamic banking operations as a result of personal loans expansion," it said in a research note.
MIDF said MBSB's non-interest income for the first quarter financial year 2012 was lower by 6.7 per cent quarter-on-quarter to RM28 million due to lower fee income as a result of promotional transfer packages for personal loans disbursed in the quarter under review. -- Bernama
Published: Monday May 14
MIDF Research Sdn Bhd has maintained its "neutral" call on the Malaysia Building Society Bhd (MBSB) due to the limited
upside potential from the current share price.
"We make no adjustment to our forecast as earnings are within expectations," it said. MBSB's net profit was higher year-on-year but dropped on a quarterly basis.
"The increase in yearly basis is due to higher income from Islamic banking operations as a result of personal loans expansion," it said in a research note.
MIDF said MBSB's non-interest income for the first quarter financial year 2012 was lower by 6.7 per cent quarter-on-quarter to RM28 million due to lower fee income as a result of promotional transfer packages for personal loans disbursed in the quarter under review. -- Bernama
MIDF Maintains 'Neutral' Call On MBSB Due To Limited Upside Potential
Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=666055
Published: Monday May 14, 2012 17:56 PM
KUALA LUMPUR, May 14 (Bernama) -- MIDF Research Sdn Bhd has maintained its "neutral" call on the Malaysia Building Society Bhd (MBSB) due to the limited upside potential from the current share price.
"We make no adjustment to our forecast as earnings are within expectations," it said.
MBSB's net profit was higher year-on-year but dropped on a quarterly basis.
"The increase in yearly basis is due to higher income from Islamic banking operations as a result of personal loans expansion," it said in a research note.
MIDF said MBSB's non-interest income for the first quarter financial year 2012 was lower by 6.7 per cent quarter-on-quarter to RM28 million due to lower fee income as a result of promotional transfer packages for personal loans disbursed in the quarter under review.
-- BERNAMA
Published: Monday May 14, 2012 17:56 PM
KUALA LUMPUR, May 14 (Bernama) -- MIDF Research Sdn Bhd has maintained its "neutral" call on the Malaysia Building Society Bhd (MBSB) due to the limited upside potential from the current share price.
"We make no adjustment to our forecast as earnings are within expectations," it said.
MBSB's net profit was higher year-on-year but dropped on a quarterly basis.
"The increase in yearly basis is due to higher income from Islamic banking operations as a result of personal loans expansion," it said in a research note.
MIDF said MBSB's non-interest income for the first quarter financial year 2012 was lower by 6.7 per cent quarter-on-quarter to RM28 million due to lower fee income as a result of promotional transfer packages for personal loans disbursed in the quarter under review.
-- BERNAMA
Friday, May 11, 2012
MP gesa dedah siasatan ke atas pegawai Bank Rakyat
Source From (Malaysia Kini): http://www.malaysiakini.com/news/197501
Published: Monday May 10
Salhan K Ahmad
1:30PM Mei 10, 2012
Ahli parlimen Petaling Jaya Utara Tony Pua berkata Kementerian Kewangan perlu mendedahkan siasatan ke atas pegawai kanan Bank Rakyat atas dakwaan pecah amanah dan penipuan melibatkan satu skim pelaburan berjumlah RM13.532 juta.
Pua mendakwa, pegawai bank berkenaan merupakan individu yang bertanggungjawab dalam kelulusan dan pelancaran skim skim Euro Deposit Investment itu.
"Kementerian
Kewangan perlu menjalankan siasatan kes pecah amanah atau penipuan ke
atas pegawai berkenan kerana menjual produk (pelaburan) yang menipu,"
katanya dalam sidang media hari ini.
Setidak-tidaknya, kata Pua, pegawai berkenaan boleh disiasat atas dakwaan jenayah kecuaian kerana tidak memastikan pelabur dilindungi.
Menurutnya, pegawai itu merupakan pengarah dalam syarikat pelaburan Rakyat BTR Capital Partners Bhd yang bertanggungjawa memperkenalkan skim tersebut sejak pertengahan 2007.
Namun, Pua mendakwa, Bank Rakyat yang mempunyai pegangan 20 peratus dalam Rakyat BTR, kemudiannya menarik diri dalam suku keempat 2008 tanpa pengetahuan pelabur dan nama syarikat itu juga ditukar kepada RBTR.
Seorang pemegang amanah skim itu, UBB (Malaysia) Trustee Bhd, juga menarik diri daripada tanggungjawabnya, juga tanpa pengetahuan pelabur, dakwanya lagi.
Pua mendakwa, Rakyat BTR pada awalnya berjanji bahawa wang tersebut akan dipegang oleh UBB (M) Trustee Bhd.
Namun, dakwanya, wang berkenaan kemudiannya dipindahkan kepada satu syarikat bawah Locke Capital Investments Limited yang ditubuhkan di British Virgin Islands.
Locke Capital Investments, yang ditadbir rakyat Malaysia, kemudian bertanggungjawab memindahkan dana Rakyat BTR kepada satu pelaburan oleh satu bank pesisir di Singapura, dakwa Pua lagi.
Katanya, sekumpulan 58 individu dan pemegang akaun pelaburan berkenaan masih belum diberikan jawapan konkrit berhubung siasatan yang dimulakan Suruhanjaya Sekuriti pada September 2009 terhadap kes tersebut.
Katanya, suruhanjaya berkenaan hanya mengadakan satu taklimat kepada pelabur pada April 2010 dan memberitahu pelabur bahawa jumlah dana lebih RM13.5 juta dalam akaun RBTR itu susut sehingga RM9,858.
SC juga menasihati pelabur untuk mengambil tindakan undang-undang ke atas individu terbabit memandangkan jumlah pelaburan berkenaan mungkin tidak dapat diperolehi semula, kata Pua.
SC juga bersetuju untuk membenarkan mereka menyemak dokumen dan rekod RBTR untuk memboleh pelabur berkenaan mengambil tindakan undang-undang.
Namun sehingga kini suruhanjaya itu masih menunaikan janji tersebut, kata Pua lagi.
"Kumpulan pelabur ini tertanya-tanya mengapa tiada berita atau tindakan material oleh SC ke atas RBTR dan juga skim EDI memandangkan RBTR merupakan syarikat pengurusan aset yang dilesenkan SC.
"Saya akan menulis surat kepada Suruhanjaya Sekuriti untuk mendapatkan maklumat terkini," katanya
Published: Monday May 10
Salhan K Ahmad
1:30PM Mei 10, 2012
Ahli parlimen Petaling Jaya Utara Tony Pua berkata Kementerian Kewangan perlu mendedahkan siasatan ke atas pegawai kanan Bank Rakyat atas dakwaan pecah amanah dan penipuan melibatkan satu skim pelaburan berjumlah RM13.532 juta.
Pua mendakwa, pegawai bank berkenaan merupakan individu yang bertanggungjawab dalam kelulusan dan pelancaran skim skim Euro Deposit Investment itu.
"Kementerian
Kewangan perlu menjalankan siasatan kes pecah amanah atau penipuan ke
atas pegawai berkenan kerana menjual produk (pelaburan) yang menipu,"
katanya dalam sidang media hari ini.Setidak-tidaknya, kata Pua, pegawai berkenaan boleh disiasat atas dakwaan jenayah kecuaian kerana tidak memastikan pelabur dilindungi.
Menurutnya, pegawai itu merupakan pengarah dalam syarikat pelaburan Rakyat BTR Capital Partners Bhd yang bertanggungjawa memperkenalkan skim tersebut sejak pertengahan 2007.
Namun, Pua mendakwa, Bank Rakyat yang mempunyai pegangan 20 peratus dalam Rakyat BTR, kemudiannya menarik diri dalam suku keempat 2008 tanpa pengetahuan pelabur dan nama syarikat itu juga ditukar kepada RBTR.
Seorang pemegang amanah skim itu, UBB (Malaysia) Trustee Bhd, juga menarik diri daripada tanggungjawabnya, juga tanpa pengetahuan pelabur, dakwanya lagi.
Pua mendakwa, Rakyat BTR pada awalnya berjanji bahawa wang tersebut akan dipegang oleh UBB (M) Trustee Bhd.
Namun, dakwanya, wang berkenaan kemudiannya dipindahkan kepada satu syarikat bawah Locke Capital Investments Limited yang ditubuhkan di British Virgin Islands.
Locke Capital Investments, yang ditadbir rakyat Malaysia, kemudian bertanggungjawab memindahkan dana Rakyat BTR kepada satu pelaburan oleh satu bank pesisir di Singapura, dakwa Pua lagi.
Katanya, sekumpulan 58 individu dan pemegang akaun pelaburan berkenaan masih belum diberikan jawapan konkrit berhubung siasatan yang dimulakan Suruhanjaya Sekuriti pada September 2009 terhadap kes tersebut.
Katanya, suruhanjaya berkenaan hanya mengadakan satu taklimat kepada pelabur pada April 2010 dan memberitahu pelabur bahawa jumlah dana lebih RM13.5 juta dalam akaun RBTR itu susut sehingga RM9,858.
SC juga menasihati pelabur untuk mengambil tindakan undang-undang ke atas individu terbabit memandangkan jumlah pelaburan berkenaan mungkin tidak dapat diperolehi semula, kata Pua.
SC juga bersetuju untuk membenarkan mereka menyemak dokumen dan rekod RBTR untuk memboleh pelabur berkenaan mengambil tindakan undang-undang.
Namun sehingga kini suruhanjaya itu masih menunaikan janji tersebut, kata Pua lagi.
"Kumpulan pelabur ini tertanya-tanya mengapa tiada berita atau tindakan material oleh SC ke atas RBTR dan juga skim EDI memandangkan RBTR merupakan syarikat pengurusan aset yang dilesenkan SC.
"Saya akan menulis surat kepada Suruhanjaya Sekuriti untuk mendapatkan maklumat terkini," katanya
Thursday, May 10, 2012
Tabung Haji unit post Q1 net loss
PETALING JAYA: Lembaga Tabung Haji subsidiary Theta Edge Bhd
posted net loss of RM1.49mil for its first quarter ended March 31,
compared with net profit of RM804,000 in the previous corresponding
quarter.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/10/business/11262524&sec=business
Published: Monday May 10
The information and communication technology services provider recorded a lower revenue of RM19.37mil, compared with RM21.23mil previously.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/10/business/11262524&sec=business
Published: Monday May 10
The information and communication technology services provider recorded a lower revenue of RM19.37mil, compared with RM21.23mil previously.
Sunday, May 6, 2012
Bank Rakyat Q1 profit before tax, zakat jumps 16.4pc
KUALA LUMPUR: Bank Rakyat's profit before tax and zakat rose 16.4
per cent in the first quarter ended March 31 2012 to RM515.4 million
from RM442.7 million in the previous corresponding period. The
improved profit was mainly contributed by the increase in income from
financing and investment activities, in line with the growth in overall
financing balance and improved asset quality, the bank said in a
statement yesterday.
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/bkra/Article/
Published: Monday May 05
The bank's gross income for the quarter rose by 14.9 per cent or RM194.1 million to RM1.5 billion from RM1.3 billion while its net income after profit distribution to depositors grew 9.1 per cent or RM69.8 million to RM836.1 million from RM766.4 million.
Bank Rakyat's consumer gross financing balance increased by 8.6 per cent or RM3.6 billion to RM45.38 billion from RM41.79 billion.
Consumer financing is the major focus of the bank's business which
accounts for 90.8 per cent of the bank's total financing for the
quarter.
In terms of financing portfolio, personal financing was the major contributor at 85.3 per cent of total consumer financing.
Meanwhile, Bank Rakyat's total assets grew by 20.9 per cent or RM13.47 billion to RM78.03 billion from RM64.56 billion.
As at end of March 2012, return on asset stood at 2.9 per cent while shareholders fund increased by 37.3 per cent to RM8.69 billion from RM6.33 billion.
The bank's Risk Weighted Capital Ratio remained at 16.5 per cent while Core Capital Ratio stood at 15.4 per cent.
Meanwhile, the bank's financing loss coverage ratio remained high at 105.8 per cent. Bernama
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/bkra/Article/
Published: Monday May 05
The bank's gross income for the quarter rose by 14.9 per cent or RM194.1 million to RM1.5 billion from RM1.3 billion while its net income after profit distribution to depositors grew 9.1 per cent or RM69.8 million to RM836.1 million from RM766.4 million.
Bank Rakyat's consumer gross financing balance increased by 8.6 per cent or RM3.6 billion to RM45.38 billion from RM41.79 billion.
In terms of financing portfolio, personal financing was the major contributor at 85.3 per cent of total consumer financing.
Meanwhile, Bank Rakyat's total assets grew by 20.9 per cent or RM13.47 billion to RM78.03 billion from RM64.56 billion.
As at end of March 2012, return on asset stood at 2.9 per cent while shareholders fund increased by 37.3 per cent to RM8.69 billion from RM6.33 billion.
The bank's Risk Weighted Capital Ratio remained at 16.5 per cent while Core Capital Ratio stood at 15.4 per cent.
Meanwhile, the bank's financing loss coverage ratio remained high at 105.8 per cent. Bernama
Saturday, May 5, 2012
Untung suku pertama Bank Rakyat naik 16.4 peratus
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/untung-suku-pertama-bank-rakyat-naik-16-4-peratus-1.45428
Published: Monday May 04
KUALA LUMPUR - Bank Rakyat mencatatkan keuntungan sebelum cukai dan zakat sebanyak RM515.4 juta, iaitu peningkatan sebanyak 16.4 peratus atau RM72.7 juta berbanding RM442.7 juta pada tempoh yang sama tahun lepas.
Peningkatan keuntungan itu secara amnya disumbang oleh peningkatan pendapatan daripada aktiviti pembiayaan dan pelaburan, selari dengan pertumbuhan baki pembiayaan dan penambahbaikan kepada kualiti aset, demikian menurut bank berkenaan dalam satu kenyataan hari ini.
Pendapatan kasar meningkat sebanyak 14.9 peratus atau RM194.1 juta kepada RM1.5 bilion berbanding RM1.3 bilion pada tempoh yang sama tahun lalu, manakala pendapatan bersih selepas agihan keuntungan kepada pendeposit naik 9.1 peratus atau RM69.8 juta kepada RM836.1 juta berbanding RM766.4 juta pada tempoh yang sama tahun lepas.
Baki bersih pembiayaan konsumer Bank Rakyat meningkat 8.6 peratus atau RM3.60 bilion kepada RM45.38 bilion pada suku pertama 2012 berbanding RM41.79 bilion pada tempoh yang sama tahun lepas.
Pembiayaan konsumer merupakan fokus utama perniagaan bank yang menyumbang sebanyak 90.8 peratus daripada keseluruhan pembiayaan Bank Rakyat pada suku pertama 2012.
Dari segi portfolio pembiayaan, pembiayaan peribadi kekal sebagai penyumbang terbesar iaitu sebanyak 85.3 peratus daripada keseluruhan pembiayaan konsumer.
Sementara itu, jumlah aset Bank Rakyat meningkat sebanyak 20.9 peratus atau RM13.47 bilion kepada RM78.03 bilion berbanding RM64.56 bilion pada tempoh yang sama tahun lalu.
Sehingga akhir Mac 2012, pulangan atas aset kekal kukuh pada kadar 2.9 peratus manakala dana pemegang saham naik sebanyak 37.3 peratus atau RM2.36 bilion kepada RM8.69 bilion pada akhir Mac 2012 berbanding RM6.33 bilion pada bulan yang sama tahun lalu hasil sumbangan penambahan untung bersih dan penambahan modal syer berbayar.
Nisbah Modal Berwajaran Risiko (RWCR) bank kekal pada kadar 16.5 peratus manakala Nisbah Modal Teras (CCR) pada kadar 15.4 peratus.
Sementara itu, liputan atas kerugian pembiayaan kekal tinggi pada kadar 105.8 peratus. – Bernama
Published: Monday May 04
KUALA LUMPUR - Bank Rakyat mencatatkan keuntungan sebelum cukai dan zakat sebanyak RM515.4 juta, iaitu peningkatan sebanyak 16.4 peratus atau RM72.7 juta berbanding RM442.7 juta pada tempoh yang sama tahun lepas.
Peningkatan keuntungan itu secara amnya disumbang oleh peningkatan pendapatan daripada aktiviti pembiayaan dan pelaburan, selari dengan pertumbuhan baki pembiayaan dan penambahbaikan kepada kualiti aset, demikian menurut bank berkenaan dalam satu kenyataan hari ini.
Pendapatan kasar meningkat sebanyak 14.9 peratus atau RM194.1 juta kepada RM1.5 bilion berbanding RM1.3 bilion pada tempoh yang sama tahun lalu, manakala pendapatan bersih selepas agihan keuntungan kepada pendeposit naik 9.1 peratus atau RM69.8 juta kepada RM836.1 juta berbanding RM766.4 juta pada tempoh yang sama tahun lepas.
Baki bersih pembiayaan konsumer Bank Rakyat meningkat 8.6 peratus atau RM3.60 bilion kepada RM45.38 bilion pada suku pertama 2012 berbanding RM41.79 bilion pada tempoh yang sama tahun lepas.
Pembiayaan konsumer merupakan fokus utama perniagaan bank yang menyumbang sebanyak 90.8 peratus daripada keseluruhan pembiayaan Bank Rakyat pada suku pertama 2012.
Dari segi portfolio pembiayaan, pembiayaan peribadi kekal sebagai penyumbang terbesar iaitu sebanyak 85.3 peratus daripada keseluruhan pembiayaan konsumer.
Sementara itu, jumlah aset Bank Rakyat meningkat sebanyak 20.9 peratus atau RM13.47 bilion kepada RM78.03 bilion berbanding RM64.56 bilion pada tempoh yang sama tahun lalu.
Sehingga akhir Mac 2012, pulangan atas aset kekal kukuh pada kadar 2.9 peratus manakala dana pemegang saham naik sebanyak 37.3 peratus atau RM2.36 bilion kepada RM8.69 bilion pada akhir Mac 2012 berbanding RM6.33 bilion pada bulan yang sama tahun lalu hasil sumbangan penambahan untung bersih dan penambahan modal syer berbayar.
Nisbah Modal Berwajaran Risiko (RWCR) bank kekal pada kadar 16.5 peratus manakala Nisbah Modal Teras (CCR) pada kadar 15.4 peratus.
Sementara itu, liputan atas kerugian pembiayaan kekal tinggi pada kadar 105.8 peratus. – Bernama
SME Bank to raise RM3bil via sukuk
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/5/4/business/11227944&sec=business
Published: Monday May 04
KUALA LUMPUR: SME Bank, a government development financial institution, plans to raise about RM3bil over the next three years through a sukuk issue.
Managing director Datuk Mohd Radzif Mohd Yunus said that proceeds from the government-guaranteed Islamic bonds, to be issued from July this year, would be used for lending to the market.
“Our actions are in line with the Government’s Economic Transformation Programme. From the 12 National Key Economic Areas, we are primarily focusing on five, namely, oil and gas, healthcare, education, tourism and the wholesale and retail sectors.
“The bond issuance is part of our new business model, which is to emphasise growth sustainability. The bonds will bring our total financing assets to more than RM10bil after three years. Currently, they are at RM7.9bil,” he told a media briefing yesterday.
SME Bank aims to open three more branches.
On
the rationale for the sukuk, Mohd Radzif said although SME Bank
continued to receive funds and grants from the Government, the issuance
was to sustain the performance of the bank organically.
“We have received about RM4bil from the Government since the bank’s inception in 2005. It has all been disbursed,” he added.
Mohd Radzif said SME Bank was seeking to grow its financing portfolio by more than 8% this year from the current RM3.9bil.
“Our net non-performing loans are at 16%, 10 percentage points better than last year,” he added.
He said, however, that despite the anticipated growth SME Bank expected a lower profit this year owing to a significant increase in funding costs.
Mohd Radzif also said SME Bank aimed to open three more branches, adding to the 18 currently, under the enterprise and business centre concept and had identified locations in Kajang, Rawang and Bintulu (Sarawak).
“The cost of each centre is between RM150,000 and RM250,000. All three will be operational by July this year,” he added.
SME Bank yesterday announced it had returned to the black with a profit before zakat and tax of RM146.2mil in 2011, after two consecutive years of losses. SME Bank reported a loss of RM69.9mil in 2010.
Mohd Radzif said last year, the bank had approved 1,380 customers against 635 previously. — Bernama
Published: Monday May 04
KUALA LUMPUR: SME Bank, a government development financial institution, plans to raise about RM3bil over the next three years through a sukuk issue.
Managing director Datuk Mohd Radzif Mohd Yunus said that proceeds from the government-guaranteed Islamic bonds, to be issued from July this year, would be used for lending to the market.
“Our actions are in line with the Government’s Economic Transformation Programme. From the 12 National Key Economic Areas, we are primarily focusing on five, namely, oil and gas, healthcare, education, tourism and the wholesale and retail sectors.
“The bond issuance is part of our new business model, which is to emphasise growth sustainability. The bonds will bring our total financing assets to more than RM10bil after three years. Currently, they are at RM7.9bil,” he told a media briefing yesterday.
SME Bank aims to open three more branches.“We have received about RM4bil from the Government since the bank’s inception in 2005. It has all been disbursed,” he added.
Mohd Radzif said SME Bank was seeking to grow its financing portfolio by more than 8% this year from the current RM3.9bil.
“Our net non-performing loans are at 16%, 10 percentage points better than last year,” he added.
He said, however, that despite the anticipated growth SME Bank expected a lower profit this year owing to a significant increase in funding costs.
Mohd Radzif also said SME Bank aimed to open three more branches, adding to the 18 currently, under the enterprise and business centre concept and had identified locations in Kajang, Rawang and Bintulu (Sarawak).
“The cost of each centre is between RM150,000 and RM250,000. All three will be operational by July this year,” he added.
SME Bank yesterday announced it had returned to the black with a profit before zakat and tax of RM146.2mil in 2011, after two consecutive years of losses. SME Bank reported a loss of RM69.9mil in 2010.
Mohd Radzif said last year, the bank had approved 1,380 customers against 635 previously. — Bernama
SME Bank to raise RM3b from sukuk issue
Source From (The Sun Daily): http://www.thesundaily.my/news/368407
Posted on 4 May 2012 - 05:37am
Premalatha Jayaraman
sunbiz@thesundaily.com
KUALA LUMPUR (May 4, 2012): SME Bank plans to issue RM3 billion in sukuk to boost its funds to undertake more business especially for small and medium enterprises (SMEs), said its managing director Datuk Mohd Radzif Mohd Yunus.
He said the bank will raise the funds in stages over a three-year period, with the first tranche expected to be issued in July.
The new capital will be used to finance the tourism, healthcare, wholesale, education, and oil and gas sectors.
"We are projecting our loan growth at 8% this year. At the same time, we are also trying to ensure that the loans coming in are of better quality. Our funding cost is not like the cost that we used to enjoy before, where government provides dedicated funds. So, we are going to raise funds in the market via sukuk issuance," Mohd Radzif said.
Speaking to reporters after announcing its financial performance for 2011 yesterday, he said: "We want to strengthen the foundation of the bank to ensure the sustainability factors are achieved. This is to ensure that we play a significant role is assisting the government to achieve its 40% contribution by SMEs in 2020."
Despite the sukuk issue, he said the bank will continue to receive funds and grants from the government. Since its inception in 2005, SME Bank has received about RM4 billion from the government, which has already been disbursed, Mohd Radzif said.
He said the bank has total funds of RM3.9 billion, including RM2 billion expected to be approved this year.
For the financial year ended Dec 31, 2011, SME Bank returned to the black after two consecutive years of losses with pre-zakat and pre-tax profit of RM146.2 million following several initiatives undertaken during the year.
In FY10, the bank posted a loss of RM69.88 million.
Net income increased to RM231.4 million from RM192.76 million previously.
Mohd Radzif said the stronger financial performance was driven by higher treasury, operation and other income as well as resolved legal cases.
Posted on 4 May 2012 - 05:37am
Premalatha Jayaraman
sunbiz@thesundaily.com
KUALA LUMPUR (May 4, 2012): SME Bank plans to issue RM3 billion in sukuk to boost its funds to undertake more business especially for small and medium enterprises (SMEs), said its managing director Datuk Mohd Radzif Mohd Yunus.
He said the bank will raise the funds in stages over a three-year period, with the first tranche expected to be issued in July.
The new capital will be used to finance the tourism, healthcare, wholesale, education, and oil and gas sectors.
"We are projecting our loan growth at 8% this year. At the same time, we are also trying to ensure that the loans coming in are of better quality. Our funding cost is not like the cost that we used to enjoy before, where government provides dedicated funds. So, we are going to raise funds in the market via sukuk issuance," Mohd Radzif said.
Speaking to reporters after announcing its financial performance for 2011 yesterday, he said: "We want to strengthen the foundation of the bank to ensure the sustainability factors are achieved. This is to ensure that we play a significant role is assisting the government to achieve its 40% contribution by SMEs in 2020."
Despite the sukuk issue, he said the bank will continue to receive funds and grants from the government. Since its inception in 2005, SME Bank has received about RM4 billion from the government, which has already been disbursed, Mohd Radzif said.
He said the bank has total funds of RM3.9 billion, including RM2 billion expected to be approved this year.
For the financial year ended Dec 31, 2011, SME Bank returned to the black after two consecutive years of losses with pre-zakat and pre-tax profit of RM146.2 million following several initiatives undertaken during the year.
In FY10, the bank posted a loss of RM69.88 million.
Net income increased to RM231.4 million from RM192.76 million previously.
Mohd Radzif said the stronger financial performance was driven by higher treasury, operation and other income as well as resolved legal cases.
SME Bank returns to the black
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/SMEBLAC/Article/
Published: Monday May 04
By Zaidi Isham Ismail
AFTER two years of losses since 2009, SME Bank was profitable again in
the year ended December 2011 on improving economic conditions.
The development bank posted a profit before zakat and tax of RM146.2 million last year, reversing its net losses of RM69.9 million in 2010 and RM87.1 million in 2009.
SME Bank managing director Datuk Mohd Radzif Mohd Yunus said for 2012, it expects lower profit due to the high holding cost in managing funds and lower margin as its interest rates are lower compared with the industry's.
"Although global economic conditions are still uncertain, we hope to make a profit by remaining sustainable ... through managing asset base and liabilities, and constantly engaging with the government," Mohd Radzif said at a press conference on the bank's 2011 results here yesterday.
SME Bank expects eight per cent growth in loans this year, which will be distributed to small and medium enterprises involved in oil and gas, education, wholesale and retail, healthcare, manufacturing and tourism sectors.
The bank, fully owned by the Ministry of Finance, lent some RM3.9 billion last year.
In 2011, the bank saw a portfolio growth of 8.7 per cent from 4.3 per cent in 2010.
It approved loans from 1,380 customers compared with 635 in 2010 and posted a higher recovery income of RM42.8 million from RM32.8 million in 2010.
The bank, which was set up in 2005 and now has over 5,000 customers, has a non-performing loan rate of 16 per cent in 2011.
"We have to be aggressive so that the country's SMEs can contribute 40 per cent to gross domestic product by 2020, from 33 per cent currently," Mohd Radzif said.
The bank plans to raise RM3 billion from sukuk issuance over the next three years to reduce its dependency on government funds.
The Islamic bonds will be launched in July.
Mohd Radzif said SME Bank also plans to open three new branches in Kajang, Bintulu and Sungai Petani, with an investment of between RM150,000 and RM250,000 this year. It currently has 18 branches.
Published: Monday May 04
By Zaidi Isham Ismail
The development bank posted a profit before zakat and tax of RM146.2 million last year, reversing its net losses of RM69.9 million in 2010 and RM87.1 million in 2009.
SME Bank managing director Datuk Mohd Radzif Mohd Yunus said for 2012, it expects lower profit due to the high holding cost in managing funds and lower margin as its interest rates are lower compared with the industry's.
"Although global economic conditions are still uncertain, we hope to make a profit by remaining sustainable ... through managing asset base and liabilities, and constantly engaging with the government," Mohd Radzif said at a press conference on the bank's 2011 results here yesterday.
SME Bank expects eight per cent growth in loans this year, which will be distributed to small and medium enterprises involved in oil and gas, education, wholesale and retail, healthcare, manufacturing and tourism sectors.
The bank, fully owned by the Ministry of Finance, lent some RM3.9 billion last year.
In 2011, the bank saw a portfolio growth of 8.7 per cent from 4.3 per cent in 2010.
It approved loans from 1,380 customers compared with 635 in 2010 and posted a higher recovery income of RM42.8 million from RM32.8 million in 2010.
The bank, which was set up in 2005 and now has over 5,000 customers, has a non-performing loan rate of 16 per cent in 2011.
"We have to be aggressive so that the country's SMEs can contribute 40 per cent to gross domestic product by 2020, from 33 per cent currently," Mohd Radzif said.
The bank plans to raise RM3 billion from sukuk issuance over the next three years to reduce its dependency on government funds.
The Islamic bonds will be launched in July.
Mohd Radzif said SME Bank also plans to open three new branches in Kajang, Bintulu and Sungai Petani, with an investment of between RM150,000 and RM250,000 this year. It currently has 18 branches.
SME Bank untung RM146.2j
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/SMEBankuntungRM146_2j/Article/index_html
Published: Monday May 04
BANK Perusahaan Kecil dan Sederhana Berhad (SME Bank) kembali merekodkan keuntungan sebelum cukai dan zakat RM146.2 juta bagi tahun kewangan berakhir 31 Disember 2011, selepas dua tahun mencatatkan kerugian.
Pengarah Urusannya Datuk Mohd Radzif Mohd Yunus berkata, prestasi membanggakan itu dapat dicapai menerusi hasil rancangan transformasi lima tahun SME Bank, selain tampil dengan model perniagaan baru lebih agresif.
Katanya, berdasarkan unjuran pertumbuhan itu, SME Bank masih menjangkakan keuntungan lebih rendah tahun ini memandangkan kos pembiayaan meningkat ketara.
“Bagaimanapun, kami menyasarkan keuntungan lebih rendah tahun ini iaitu lapan peratus berbanding 8.7 peratus bagi 2011 berikutan keadaan ekonomi yang tidak menentu. “Kami juga menyasarkan untuk mencapai 40 peratus sumbangan kepada Keluaran Dalam Negara Kasar (KDNK) menjelang 2020 memandangkan semua perusahaan kecil dan sederhana (PKS) sudah dikenal pasti menjadi enjin kepada pertumbuhan ekonomi negara,” katanya pada sidang media sempena pengumuman keputusan kewangan SME Bank di Kuala Lumpur, semalam.
Published: Monday May 04
BANK Perusahaan Kecil dan Sederhana Berhad (SME Bank) kembali merekodkan keuntungan sebelum cukai dan zakat RM146.2 juta bagi tahun kewangan berakhir 31 Disember 2011, selepas dua tahun mencatatkan kerugian.
Pengarah Urusannya Datuk Mohd Radzif Mohd Yunus berkata, prestasi membanggakan itu dapat dicapai menerusi hasil rancangan transformasi lima tahun SME Bank, selain tampil dengan model perniagaan baru lebih agresif.
Katanya, berdasarkan unjuran pertumbuhan itu, SME Bank masih menjangkakan keuntungan lebih rendah tahun ini memandangkan kos pembiayaan meningkat ketara.
“Bagaimanapun, kami menyasarkan keuntungan lebih rendah tahun ini iaitu lapan peratus berbanding 8.7 peratus bagi 2011 berikutan keadaan ekonomi yang tidak menentu. “Kami juga menyasarkan untuk mencapai 40 peratus sumbangan kepada Keluaran Dalam Negara Kasar (KDNK) menjelang 2020 memandangkan semua perusahaan kecil dan sederhana (PKS) sudah dikenal pasti menjadi enjin kepada pertumbuhan ekonomi negara,” katanya pada sidang media sempena pengumuman keputusan kewangan SME Bank di Kuala Lumpur, semalam.
Thursday, May 3, 2012
Minimum wage should be tied to productivity: MIDF Research
KUALA LUMPUR (May 2, 2012): The minimum wage policy should be tied to productivity growth, says MIDF Research.
Source From (The Sun Daily): http://www.thesundaily.my/news/367088
Posted on 2 May 2012
It said it would be hard to quantify the trade-off between addressing poverty and raising unemployment, and the net results could vary across the country.
"But by looking at previous studies, it suggests that the impact on employment is not substantial and that by having minimum wage it tends to reduce poverty.
"Obviously, we would prefer wage hike to be associated with productivity growth, which will be a slower process," MIDF Research said.
The research house said although the introduction of the minimum wage should help improve the living standards, the concern was whether such a policy could end up pricing some workers out of the market.
"There are possibilities for some businesses to reduce employing workers unless it is profitable to do so cannot be ruled out.
"Also, there will be some workers who are not productive enough to justify the new minimum wage rate will enjoy it," it said in a research note.
More objectively, it said the minimum wage policy would indirectly boost local demand for some products and services.
"While most businesses will face greater labour costs, we hope higher domestic demand can help improve the production cost by achieving greater levels of economies of scale, which we believe will take some time," it said.
The research house expected some businesses to try to look at all opportunities to pass on the cost, that would exert the domestic prices of goods and services.
"Nevertheless, we are reiterating our 2012 inflation forecast of 2.5% to 2.7% and 2.5% for 2013," it added. – Bernama
Source From (The Sun Daily): http://www.thesundaily.my/news/367088
Posted on 2 May 2012
It said it would be hard to quantify the trade-off between addressing poverty and raising unemployment, and the net results could vary across the country.
"But by looking at previous studies, it suggests that the impact on employment is not substantial and that by having minimum wage it tends to reduce poverty.
"Obviously, we would prefer wage hike to be associated with productivity growth, which will be a slower process," MIDF Research said.
The research house said although the introduction of the minimum wage should help improve the living standards, the concern was whether such a policy could end up pricing some workers out of the market.
"There are possibilities for some businesses to reduce employing workers unless it is profitable to do so cannot be ruled out.
"Also, there will be some workers who are not productive enough to justify the new minimum wage rate will enjoy it," it said in a research note.
More objectively, it said the minimum wage policy would indirectly boost local demand for some products and services.
"While most businesses will face greater labour costs, we hope higher domestic demand can help improve the production cost by achieving greater levels of economies of scale, which we believe will take some time," it said.
The research house expected some businesses to try to look at all opportunities to pass on the cost, that would exert the domestic prices of goods and services.
"Nevertheless, we are reiterating our 2012 inflation forecast of 2.5% to 2.7% and 2.5% for 2013," it added. – Bernama
Wednesday, May 2, 2012
Tiga koperasi kaut untung melebihi RM100j
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/TigakoperasikautuntungmelebihiRM100j/Article/index_html
Published: Monday May 02
TIGA koperasi iaitu Bank Rakyat, Koperasi Angkatan Tentera dan Koperasi Permodalan Felda yang dinaungi Suruhanjaya Koperasi Malaysia (SKM), berjaya mengaut keuntungan melebihi RM100 juta.
Pengerusi Eksekutif SKM, Datuk Md Yusof Samsudin berkata, SKM akan menggalakkan koperasi yang mengaut keuntungan bersih antara RM80 juta hingga RM90 juta supaya meningkatkan lagi keuntungan mereka kepada lebih RM100 juta.
“Keuntungan yang besar bererti pusingan perniagaan lebih besar dan itulah sebenarnya matlamat SKM. Kami mahukan koperasi ini menjadi lebih aktif dan kreatif dalam perniagaan mereka supaya dapat mendatangkan hasil lebih tinggi,” katanya.
Berdasarkan perangkaan, jumlah dagangan koperasi di seluruh negara pada 2011 berjumlah RM23 bilion dan matlamat SKM tahun ini ialah untuk mencapai angka RM24 bilion.
“Kami bukan saja menggalakkan kerjasama dengan koperasi lebih besar, malah kami juga menggalakkan kerjasama dengan syarikat swasta yang mempunyai kepakaran dalam sesuatu bidang supaya jalinan kerjasama ini dapat memudahkan urusan,” katanya. - Bernama
Published: Monday May 02
TIGA koperasi iaitu Bank Rakyat, Koperasi Angkatan Tentera dan Koperasi Permodalan Felda yang dinaungi Suruhanjaya Koperasi Malaysia (SKM), berjaya mengaut keuntungan melebihi RM100 juta.
Pengerusi Eksekutif SKM, Datuk Md Yusof Samsudin berkata, SKM akan menggalakkan koperasi yang mengaut keuntungan bersih antara RM80 juta hingga RM90 juta supaya meningkatkan lagi keuntungan mereka kepada lebih RM100 juta.
“Keuntungan yang besar bererti pusingan perniagaan lebih besar dan itulah sebenarnya matlamat SKM. Kami mahukan koperasi ini menjadi lebih aktif dan kreatif dalam perniagaan mereka supaya dapat mendatangkan hasil lebih tinggi,” katanya.
Berdasarkan perangkaan, jumlah dagangan koperasi di seluruh negara pada 2011 berjumlah RM23 bilion dan matlamat SKM tahun ini ialah untuk mencapai angka RM24 bilion.
“Kami bukan saja menggalakkan kerjasama dengan koperasi lebih besar, malah kami juga menggalakkan kerjasama dengan syarikat swasta yang mempunyai kepakaran dalam sesuatu bidang supaya jalinan kerjasama ini dapat memudahkan urusan,” katanya. - Bernama
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