Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=677079
Published: Monday June 30, 2012
PETALING JAYA, June 30 (Bernama) -- Bank Simpanan Nasional (BSN)
expects to attract more Chinese community participation in its Premium
Savings Certificate (SSP) scheme following its aggressive promotion
programme.
Senior Vice-President and Head of Islamic Banking Department Mohd Sofi
Mat Jahaya said very few Chinese participated in the scheme.
"We have been aggressively promoting the product among the Chinese
community and their participation has been encouraging since then," he
told reporters at the BSN SSP June Draw here Saturday.
-- BERNAMA
Saturday, June 30, 2012
Sme Bank - 'Mr. Transformer' sedia hadapi cabaran
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0630&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: Monday June 30, 2012
Oleh AINUL ASNIERA AHSAN
ekonomi@utusan.com.my
Published: Monday June 30, 2012
Oleh AINUL ASNIERA AHSAN
ekonomi@utusan.com.my
Mohd. Radzif
MESKIPUN sudah berada dalam kelompok 'transformer', gelaran yang
diberikan oleh media kepada tokoh-tokoh korporat yang berjaya
menyelamatkan syarikat bermasalah, Datuk Mohd. Radzif Mohd. Yunus masih
mengekalkan sikap 'low-profile.'
Siapa sangka di sebalik sikapnya yang cukup tenang, Mohd. Radzif memiliki 'sentuhan ajaib' dalam memulih dan melakukan transformasi terutama syarikat-syarikat yang berhadapan dengan masalah kewangan.
Mungkin ramai yang tidak mengetahui bahawa Mohd. Radzif merupakan individu di belakang tabir pembangunan Enstek milik TH Properties, anak syarikat Tabung Haji.
Malah, beliau juga adalah insan yang melakukan transformasi Institut Jantung Negara (IJN) pada 2006.
Semasa berkhidmat di IJN Holdings Sdn. Bhd., beliau telah menerajui pusat itu yang kemudiannya diiktiraf sebagai Pusat Kecemerlangan oleh Suruhanjaya Bersama Antarabangsa (JCI), akreditasi piawaian kesihatan yang diiktiraf peringkat antarabangsa.
Beliau yang kini meneruskan misi tersebut di Bank Perusahaan Kecil dan Sederhana (Bank SME) dan setakat ini 'sentuhannya' cukup berbisa.
Bank SME sudah mula lega kerana berjaya mencatatkan keuntungan pada tahun lalu selepas mengalami kerugian sejak 2009.
Kini fokus Mohd. Radzif adalah untuk mengukuhkan kedudukan Bank SME dengan menurunkan nisbah hutang tertunggak kepada 15 peratus.
Mengulas kebolehan dan kemampuannya selaku 'transformer' (orang yang mengubah), Mohd. Radzif berkata, kerja-kerja yang dilakukan itu memang cukup mencabarnya namun menerima tugas dan tanggungjawab itu dengan hati yang terbuka.
Katanya, tugas yang digalas itu memberi peluang kepadanya untuk belajar pelbagai perkara yang kadang-kadang tidak terfikir pada awalnya.
"Tugas-tugas yang diberikan menjadikan saya seorang yang cukup fokus dalam menangani setiap permasalahan," katanya ketika ditemui di sini.
Ditanya pengalaman sebagai 'transformer', Mohd. Radzif mengakui setiap syarikat yang dipimpinnya memberi pengalaman yang menarik.
Beliau berkata, pengalaman yang tidak boleh dilupakan ialah ketika melihat perubahan penduduk Felda LBJ, di Seremban ketika mendapat durian runtuh hasil penjualan ladang mereka kepada TH Properties.
Menurutnya, penduduk terlibat yang mendapat pampasan wang lebih RM1 juta itu telah membelanjakan wang dengan membina rumah banglo dengan kemudahan lif.
"Masa itu saya cukup terperanjat kerana mereka sepatutnya menggunakan wang berkenaan untuk tabungan masa depan.
"Sebab itu saya cukup sedih apabila terbaca ada di kalangan mereka yang kini jatuh susah atau miskin," tambahnya.
Mengingati pengalaman di IJN pula, Mohd. Radzif berkata, bekerja dengan golongan profesional memang cukup berbeza kerana mereka memberi tumpuan kepada satu arahan.
"Biarpun keadaan cukup berbeza, peranan komunikasi dan bekerja dalam satu kumpulan merupakan dua aspek penting dalam menangani masalah.
"Kerjasama adalah kunci segala-galanya. Bagi saya mudah, seandainya kita mempunyai masalah, keadaan itu perlu diketahui oleh kakitangan kerana kita memerlukan sokongan untuk memulihkan syarikat.
"Saya percaya sokongan kakitangan adalah kunci kejayaan dalam semua permasalahan dan memudahkan transformasi dilakukan," ujarnya.
Ditanya adakah dalam usia 54 tahun itu, beliau bersedia untuk melaksanakan khidmat negara seterusnya, Mohd. Radzif berkata: "Mengapa tidak, kalau boleh saya mahu membantu syarikat yang mempunyai masalah yang lebih mencabar."
Siapa sangka di sebalik sikapnya yang cukup tenang, Mohd. Radzif memiliki 'sentuhan ajaib' dalam memulih dan melakukan transformasi terutama syarikat-syarikat yang berhadapan dengan masalah kewangan.
Mungkin ramai yang tidak mengetahui bahawa Mohd. Radzif merupakan individu di belakang tabir pembangunan Enstek milik TH Properties, anak syarikat Tabung Haji.
Malah, beliau juga adalah insan yang melakukan transformasi Institut Jantung Negara (IJN) pada 2006.
Semasa berkhidmat di IJN Holdings Sdn. Bhd., beliau telah menerajui pusat itu yang kemudiannya diiktiraf sebagai Pusat Kecemerlangan oleh Suruhanjaya Bersama Antarabangsa (JCI), akreditasi piawaian kesihatan yang diiktiraf peringkat antarabangsa.
Beliau yang kini meneruskan misi tersebut di Bank Perusahaan Kecil dan Sederhana (Bank SME) dan setakat ini 'sentuhannya' cukup berbisa.
Bank SME sudah mula lega kerana berjaya mencatatkan keuntungan pada tahun lalu selepas mengalami kerugian sejak 2009.
Kini fokus Mohd. Radzif adalah untuk mengukuhkan kedudukan Bank SME dengan menurunkan nisbah hutang tertunggak kepada 15 peratus.
Mengulas kebolehan dan kemampuannya selaku 'transformer' (orang yang mengubah), Mohd. Radzif berkata, kerja-kerja yang dilakukan itu memang cukup mencabarnya namun menerima tugas dan tanggungjawab itu dengan hati yang terbuka.
Katanya, tugas yang digalas itu memberi peluang kepadanya untuk belajar pelbagai perkara yang kadang-kadang tidak terfikir pada awalnya.
"Tugas-tugas yang diberikan menjadikan saya seorang yang cukup fokus dalam menangani setiap permasalahan," katanya ketika ditemui di sini.
Ditanya pengalaman sebagai 'transformer', Mohd. Radzif mengakui setiap syarikat yang dipimpinnya memberi pengalaman yang menarik.
Beliau berkata, pengalaman yang tidak boleh dilupakan ialah ketika melihat perubahan penduduk Felda LBJ, di Seremban ketika mendapat durian runtuh hasil penjualan ladang mereka kepada TH Properties.
Menurutnya, penduduk terlibat yang mendapat pampasan wang lebih RM1 juta itu telah membelanjakan wang dengan membina rumah banglo dengan kemudahan lif.
"Masa itu saya cukup terperanjat kerana mereka sepatutnya menggunakan wang berkenaan untuk tabungan masa depan.
"Sebab itu saya cukup sedih apabila terbaca ada di kalangan mereka yang kini jatuh susah atau miskin," tambahnya.
Mengingati pengalaman di IJN pula, Mohd. Radzif berkata, bekerja dengan golongan profesional memang cukup berbeza kerana mereka memberi tumpuan kepada satu arahan.
"Biarpun keadaan cukup berbeza, peranan komunikasi dan bekerja dalam satu kumpulan merupakan dua aspek penting dalam menangani masalah.
"Kerjasama adalah kunci segala-galanya. Bagi saya mudah, seandainya kita mempunyai masalah, keadaan itu perlu diketahui oleh kakitangan kerana kita memerlukan sokongan untuk memulihkan syarikat.
"Saya percaya sokongan kakitangan adalah kunci kejayaan dalam semua permasalahan dan memudahkan transformasi dilakukan," ujarnya.
Ditanya adakah dalam usia 54 tahun itu, beliau bersedia untuk melaksanakan khidmat negara seterusnya, Mohd. Radzif berkata: "Mengapa tidak, kalau boleh saya mahu membantu syarikat yang mempunyai masalah yang lebih mencabar."
SOBA award winner says businesses need youths to succeed (Exim Bank)
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/30/business/11578697&sec=business
Published: Monday June 30, 2012
By YU JI
yuji@thestar.com.my
KUCHING: Developing a business these days is all about attracting Generation Y, says a recent The Star Business Awards (SOBA) gold winner.
“If you want to survive, if you want to grow, then you've got to engage with youths,” said PKT Logistics Group Sdn Bhd group chief executive Datuk Michael Tio.
“You need youths to be aware of your products, and more importantly, you need youths to be in your workforce.
“At PKT, we have about 350 (staff), of which the outright majority are under 35 years old. We tell them up front before they join that the capability to utilise social media any time, anywhere is a job requirement,” Tio told .
Tio, who led his company to three SOBA wins last year, was in Kuching to present the keynote SOBA Learning Series workshop.
Tio, whose name cards include his YouTube, Facebook and Twitter handles, said SMEs would not survive these days without employing Gen Y.
Youth input, he added, was especially important in light of continuing economic liberalisation.
“Free trade within South-East Asia is coming whether you like it or not. You will no longer compete with companies within Malaysia, but within the entire region. It's a whole new ball game. It means challenges will magnify by several magnitudes. How are small and medium enterprises (SMEs) going to tackle this?”
A solution, Tio said, was to expand regionally.
“In a while, you have to be in it across the region. So you'll need the software to go with it. You'll need standardised ICT (information and communication technology) across the region. And that's why young people are so important.”
For start-ups, Tio spoke about the importance of raising brand awareness. He said social media was a cheap and effective publicity.
“It's always very hard to penetrate the market. In some ways you need a wow factor, but how do you get enough people to be aware of your wow factor? That's where social media comes in.”
Tio called it the “Milo van” method, referring to frequent visits by Milo trucks to schools to give free drinks.
“So eventually when the students have money to spend, they go out and buy Milo rather than other brands of chocolate drinks on the market. At PKT, we are going to universities. We are creating as much online interaction with students as we can. Hopefully, when they want jobs, they'll come to us first.”
Tio said PKT had a job applicant list of more than 600 people.
“We never advertised. We just post things online.”
The third Soba Learning Series workshop was held at Riverside Majestic Hotel here.
Organised in conjunction with Soba 2012, the workshop yesterday was attended by some 70 participants from various organisations. They included those from up-and-coming non-listed local companies and SMEs that were keen to pick up the tricks of the trade from industry experts.
Themed “Thriving in Turbulent Times”, the one-day workshop featured professionals and experienced entrepreneurs from Branding Association of Malaysia, Media Specialists Association, Malaysian Franchise Association and Exim Bank, who shared their ideas, strategies and experiences to help local fledgling companies become future industry leaders.
The next and final SOBA Learning Series workshop will take place at The Royale Chulan, Kuala Lumpur, on July 13.
Published: Monday June 30, 2012
By YU JI
yuji@thestar.com.my
KUCHING: Developing a business these days is all about attracting Generation Y, says a recent The Star Business Awards (SOBA) gold winner.
“If you want to survive, if you want to grow, then you've got to engage with youths,” said PKT Logistics Group Sdn Bhd group chief executive Datuk Michael Tio.
“You need youths to be aware of your products, and more importantly, you need youths to be in your workforce.
“At PKT, we have about 350 (staff), of which the outright majority are under 35 years old. We tell them up front before they join that the capability to utilise social media any time, anywhere is a job requirement,” Tio told .
Tio, who led his company to three SOBA wins last year, was in Kuching to present the keynote SOBA Learning Series workshop.
Tio, whose name cards include his YouTube, Facebook and Twitter handles, said SMEs would not survive these days without employing Gen Y.
Youth input, he added, was especially important in light of continuing economic liberalisation.
“Free trade within South-East Asia is coming whether you like it or not. You will no longer compete with companies within Malaysia, but within the entire region. It's a whole new ball game. It means challenges will magnify by several magnitudes. How are small and medium enterprises (SMEs) going to tackle this?”
A solution, Tio said, was to expand regionally.
“In a while, you have to be in it across the region. So you'll need the software to go with it. You'll need standardised ICT (information and communication technology) across the region. And that's why young people are so important.”
For start-ups, Tio spoke about the importance of raising brand awareness. He said social media was a cheap and effective publicity.
“It's always very hard to penetrate the market. In some ways you need a wow factor, but how do you get enough people to be aware of your wow factor? That's where social media comes in.”
Tio called it the “Milo van” method, referring to frequent visits by Milo trucks to schools to give free drinks.
“So eventually when the students have money to spend, they go out and buy Milo rather than other brands of chocolate drinks on the market. At PKT, we are going to universities. We are creating as much online interaction with students as we can. Hopefully, when they want jobs, they'll come to us first.”
Tio said PKT had a job applicant list of more than 600 people.
“We never advertised. We just post things online.”
The third Soba Learning Series workshop was held at Riverside Majestic Hotel here.
Organised in conjunction with Soba 2012, the workshop yesterday was attended by some 70 participants from various organisations. They included those from up-and-coming non-listed local companies and SMEs that were keen to pick up the tricks of the trade from industry experts.
Themed “Thriving in Turbulent Times”, the one-day workshop featured professionals and experienced entrepreneurs from Branding Association of Malaysia, Media Specialists Association, Malaysian Franchise Association and Exim Bank, who shared their ideas, strategies and experiences to help local fledgling companies become future industry leaders.
The next and final SOBA Learning Series workshop will take place at The Royale Chulan, Kuala Lumpur, on July 13.
Exim Bank’s transformation story
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/30/business/11561450&sec=business
Published: Monday June 30, 2012
By DALJIT DHESI
daljit@thestar.com.my
EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) is on an expansion mode and set to position itself as a preferred bank for Malaysian export oriented businesses.
This has not been an easy task as the bank had undergone drastic transformation to arrive at where it is today.
The person behind the tranformation journey is none other than its managing director and chief executive officer Datuk Adissadikin Ali (pic).
Adissadikin is no stranger to turning around a company's business as he was previously with Pengurusan Danaharta Nasional Bhd. He subsequently joined Bank Islam and then Exim Bank, with the aim to put these financial institutions on the profitability trail.
After a stint with the management team that successfully turned around Bank Islam, he was tasked by the Finance Ministry to put Exim Bank's house in order.
The transformation journey of Exim Bank began in 2008 when he joined the bank as its chief operating officer. He became the CEO in 2010.
“With non-performing loans (NPLs) creeping up, a new management team was brought in by the Government to rectify the situation. This involved a total overhaul of the previous management and board. The first thing we did was to put in place the “3Ps and one T” as part of its corporate improvement programme (CIP) towards improving efficiency while managing cost effectively, he tells StarBizWeek.
The three Ps stands for processes, procedures and people while T stands for technology. This was apparently lacking in Exim Bank, he adds. The processes, he says, should be benchmarked against the industry's processes to ensure effectiveness and efficiency.
Although a company's processes are in line with industry standards, nevertheless in the absence of effective procedures there is no proper system and governance in place.
There must also be the optimal size of people and with the right competency and the technology to support business growth, he says, adding that without this as in the case of Exim Bank, the NPLs had shot up. In 2009, the bank's NPL stood at close to 43% in 2009, 50% in 2010 and decline close to 35% in 2011.
Adissadikin says that when he first joined the bank, he realised the NPLs would trend higher as project loans (with a tenure of seven years offered by the bank) tend to be lower in the first two years due to the payment of interest without the principal sum. When the principal sum is due, he says NPLs tend to spike and this is where the actual problem sets in.
“What we did to address this was ring fence' the NPLs and identify which was salvagable and can be restructured. But those where there was no hope of salvaging, we took the legal route of recovery that involves foreclosure of collateralised assets and other means of legal action. In 2010, the NPLs hit the roof and we did a kitchen sinking exercise which involved close to RM300mil losses. After this, in 2011, the bank returned to the black with a net profit of RM176.3mil,” he says.
To build a quality asset portfolio and sustainable business, the bank implemented a revised business model. In doing so, it tightened its lending criteria by ensuring a more robust risk management framework for loan approvals.
Applicants, he adds, are now assessed against more stringent performance and payment risk criteria to ensure the repayment capacity of their business operations. There was an 80% improvement in the number of loan applications, rising from 107 cases in 2010 to 193 cases in 2011. A total of RM4.7bil worth of loans were approved. Total disbursement increased to RM1.2bil from RM0.5bil in 2010.
With the right model in place after reducing its NPLs, Adissadikin says the bank is confident of meeting its target growth of 20% year-on-year for its loan book. It is targeting loan disbursements of between RM1.8bil and RM2bil this year and is upbeat the target is achievable as loan disbursements have hit RM1.5bil in the first six months of this year.
After putting the house in order, he says the next thing will be to achieve a sustainable business growth and enhance its presence globally and which the bank is on track to do so.
Published: Monday June 30, 2012
By DALJIT DHESI
daljit@thestar.com.my
EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) is on an expansion mode and set to position itself as a preferred bank for Malaysian export oriented businesses.
The person behind the tranformation journey is none other than its managing director and chief executive officer Datuk Adissadikin Ali (pic).
Adissadikin is no stranger to turning around a company's business as he was previously with Pengurusan Danaharta Nasional Bhd. He subsequently joined Bank Islam and then Exim Bank, with the aim to put these financial institutions on the profitability trail.
After a stint with the management team that successfully turned around Bank Islam, he was tasked by the Finance Ministry to put Exim Bank's house in order.
The transformation journey of Exim Bank began in 2008 when he joined the bank as its chief operating officer. He became the CEO in 2010.
“With non-performing loans (NPLs) creeping up, a new management team was brought in by the Government to rectify the situation. This involved a total overhaul of the previous management and board. The first thing we did was to put in place the “3Ps and one T” as part of its corporate improvement programme (CIP) towards improving efficiency while managing cost effectively, he tells StarBizWeek.
The three Ps stands for processes, procedures and people while T stands for technology. This was apparently lacking in Exim Bank, he adds. The processes, he says, should be benchmarked against the industry's processes to ensure effectiveness and efficiency.
Although a company's processes are in line with industry standards, nevertheless in the absence of effective procedures there is no proper system and governance in place.
There must also be the optimal size of people and with the right competency and the technology to support business growth, he says, adding that without this as in the case of Exim Bank, the NPLs had shot up. In 2009, the bank's NPL stood at close to 43% in 2009, 50% in 2010 and decline close to 35% in 2011.
Adissadikin says that when he first joined the bank, he realised the NPLs would trend higher as project loans (with a tenure of seven years offered by the bank) tend to be lower in the first two years due to the payment of interest without the principal sum. When the principal sum is due, he says NPLs tend to spike and this is where the actual problem sets in.
“What we did to address this was ring fence' the NPLs and identify which was salvagable and can be restructured. But those where there was no hope of salvaging, we took the legal route of recovery that involves foreclosure of collateralised assets and other means of legal action. In 2010, the NPLs hit the roof and we did a kitchen sinking exercise which involved close to RM300mil losses. After this, in 2011, the bank returned to the black with a net profit of RM176.3mil,” he says.
To build a quality asset portfolio and sustainable business, the bank implemented a revised business model. In doing so, it tightened its lending criteria by ensuring a more robust risk management framework for loan approvals.
Applicants, he adds, are now assessed against more stringent performance and payment risk criteria to ensure the repayment capacity of their business operations. There was an 80% improvement in the number of loan applications, rising from 107 cases in 2010 to 193 cases in 2011. A total of RM4.7bil worth of loans were approved. Total disbursement increased to RM1.2bil from RM0.5bil in 2010.
With the right model in place after reducing its NPLs, Adissadikin says the bank is confident of meeting its target growth of 20% year-on-year for its loan book. It is targeting loan disbursements of between RM1.8bil and RM2bil this year and is upbeat the target is achievable as loan disbursements have hit RM1.5bil in the first six months of this year.
After putting the house in order, he says the next thing will be to achieve a sustainable business growth and enhance its presence globally and which the bank is on track to do so.
Leadership, heart and soul can be source of inspiration (Exim Bank)
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/30/business/9823897&sec=business
Published: Monday June 30, 2012
By EUGENE MAHALINGAM
eugenicz@thestar.com.my
PETALING JAYA: Deriving inspiration can come from many sources but for the Sunway Group, it needs to come from the heart and soul, as well as through great leadership skills.
“Our founder and chairman Tan Sri Jeffrey Cheah has always had a clear and optimistic vision for the future of the country when he set his ambitious goals to transform a piece of mined-out tin wasteland into a thriving city.
“As we see it today, Bandar Sunway is a result of the power of his vision,” says corporate advisor Tan Sri Ramon Navaratnam.
Citing Cheah, Ramon said that when looking for success, it wasn't enough to have a vision alone.
“It is also about having the right people to believe in his vision and with the right values and to remain steadfast when facing challenges.
“Tan Sri Jeffrey's genuine passion and belief has led many to realise that dreams can be achieved when we put our minds to it and when we are sincerely motivated to give back to society, which has enabled him to establish the Tan Sri Jeffrey Cheah Foundation.”
Ramon will be speaking at the Star Business Awards (SOBA) Learning Series workshop in Kuala Lumpur on July 13. The full-day event will also feature speakers from the Media Specialists Association.
The workshop will have two sessions in “Building Inspiration From Within”, workshop participants will hear about how leading companies get the best out of their people and resources, while the “SOBA Success Story” session offers insights into the principles and practices that have helped up-and-coming companies do well at the previous.
This year's SOBA promises to see some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on the SOBA awards and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Published: Monday June 30, 2012
By EUGENE MAHALINGAM
eugenicz@thestar.com.my
PETALING JAYA: Deriving inspiration can come from many sources but for the Sunway Group, it needs to come from the heart and soul, as well as through great leadership skills.
“Our founder and chairman Tan Sri Jeffrey Cheah has always had a clear and optimistic vision for the future of the country when he set his ambitious goals to transform a piece of mined-out tin wasteland into a thriving city.
“As we see it today, Bandar Sunway is a result of the power of his vision,” says corporate advisor Tan Sri Ramon Navaratnam.
Citing Cheah, Ramon said that when looking for success, it wasn't enough to have a vision alone.
“It is also about having the right people to believe in his vision and with the right values and to remain steadfast when facing challenges.
“Tan Sri Jeffrey's genuine passion and belief has led many to realise that dreams can be achieved when we put our minds to it and when we are sincerely motivated to give back to society, which has enabled him to establish the Tan Sri Jeffrey Cheah Foundation.”
Ramon will be speaking at the Star Business Awards (SOBA) Learning Series workshop in Kuala Lumpur on July 13. The full-day event will also feature speakers from the Media Specialists Association.
The workshop will have two sessions in “Building Inspiration From Within”, workshop participants will hear about how leading companies get the best out of their people and resources, while the “SOBA Success Story” session offers insights into the principles and practices that have helped up-and-coming companies do well at the previous.
This year's SOBA promises to see some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on the SOBA awards and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Thursday, June 28, 2012
Exim bank said to be looking at launching RM1.6bil dollar bond
KUALA LUMPUR: After successfully selling its inaugural US$500mil
(RM1.6bil) 5.5-year dollar bonds which was oversubscribed by six times, Export-Import Bank of Malaysia Bhd (Exim Bank)
is looking at launching a similar bond issue with at least the same
value next year to support its targeted 20% year-on-year loan growth.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/28/business/11552622&sec=business
Published: Monday June 28, 2012
Its managing director and chief executive officer Datuk Adissadikin Ali said the second issue would be launched if the market conditions warranted it and met the bank's business needs.
“Bonds issuance is a good alternative for our funding needs. If we can address the issue of pricing (from external borrowings) and maturity tenure of our loans effectively via bonds, than we will fund through the bond way. Judging from the response of Exim Bank's inaugural debt issue and the good take up rate, we feel tapping the international capital market via bonds is a good alternative form of financing,'' he told StarBiz in an interview.
Adissadikin said plans entailed that the second issue would at least have a similar bond value of US$500mil. The first and the proposed second issues were part of the bank's US$1.5bil medium-term note programme.
He added the bond issue was aimed at raising capital for the bank's expansion and to meet its annual target growth of 20% for its loan book.
Exim Bank is targeting loan disbursements of between RM1.8bil and RM2bil this year and was confident of achieving the target as its loan disbursements has reached RM1.5bil in the first six months of this year.
The bond issue, he noted would also boost the profile and credibility of the bank on the world map. The inaugural bond issue was launched on June 7 despite the looming European sovereign debt crisis and the global economic uncertainty.
Although there were no Government guarantees for the issue, he said the issue was well received, backed by Exim Bank's turnaround initiatives.
The bond issue also achieved the lowest yield or coupon rate by any Malaysian entity for a five-year tenure and was the first ever foreign currency bond issue by a Malaysian development financial institution, he said, adding that it was only about 20 basis points higher than the Malaysian Government US dollar Bonds.
The bank returned 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.
Adissadikin said the bank's new markets for its customers were mainly in Asia, noting that there was growing enquiries from Malaysian businesses planning to venture into other African countries (excluding North Africa) and Central Asia.
The bank is rated A3 (stable) by Moody's Investor Services and the equivalent A- (stable) by Fitch, which are similar to Malaysian sovereign ratings.
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/28/business/11552622&sec=business
Published: Monday June 28, 2012
Its managing director and chief executive officer Datuk Adissadikin Ali said the second issue would be launched if the market conditions warranted it and met the bank's business needs.
“Bonds issuance is a good alternative for our funding needs. If we can address the issue of pricing (from external borrowings) and maturity tenure of our loans effectively via bonds, than we will fund through the bond way. Judging from the response of Exim Bank's inaugural debt issue and the good take up rate, we feel tapping the international capital market via bonds is a good alternative form of financing,'' he told StarBiz in an interview.
Adissadikin said plans entailed that the second issue would at least have a similar bond value of US$500mil. The first and the proposed second issues were part of the bank's US$1.5bil medium-term note programme.
He added the bond issue was aimed at raising capital for the bank's expansion and to meet its annual target growth of 20% for its loan book.
Exim Bank is targeting loan disbursements of between RM1.8bil and RM2bil this year and was confident of achieving the target as its loan disbursements has reached RM1.5bil in the first six months of this year.
The bond issue, he noted would also boost the profile and credibility of the bank on the world map. The inaugural bond issue was launched on June 7 despite the looming European sovereign debt crisis and the global economic uncertainty.
Although there were no Government guarantees for the issue, he said the issue was well received, backed by Exim Bank's turnaround initiatives.
The bond issue also achieved the lowest yield or coupon rate by any Malaysian entity for a five-year tenure and was the first ever foreign currency bond issue by a Malaysian development financial institution, he said, adding that it was only about 20 basis points higher than the Malaysian Government US dollar Bonds.
The bank returned 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.
Adissadikin said the bank's new markets for its customers were mainly in Asia, noting that there was growing enquiries from Malaysian businesses planning to venture into other African countries (excluding North Africa) and Central Asia.
The bank is rated A3 (stable) by Moody's Investor Services and the equivalent A- (stable) by Fitch, which are similar to Malaysian sovereign ratings.
Saturday, June 23, 2012
Exim Bank in tie-up with UK’s ECGD
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/23/business/11536689&sec=business
Published: Monday June 23, 2012
PETALING JAYA: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a memorandum of understanding (MoU) with the United Kingdom’s Export Credit Guarantee Department (ECGD).
The MoU is aimed at establishing a basis for the exchange of information, co-insurance, reinsurance, and training.
The MoU also provided the means for Exim Bank and ECGD to reinsure each other where exporters and investors from both countries were involved in investments and supplying goods and services to the same buyer, they said in a joint statement.
Published: Monday June 23, 2012
PETALING JAYA: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a memorandum of understanding (MoU) with the United Kingdom’s Export Credit Guarantee Department (ECGD).
The MoU is aimed at establishing a basis for the exchange of information, co-insurance, reinsurance, and training.
The MoU also provided the means for Exim Bank and ECGD to reinsure each other where exporters and investors from both countries were involved in investments and supplying goods and services to the same buyer, they said in a joint statement.
Unprecedented participation of housewives at Malacca SOBA workshop (Exim Bank)
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/23/business/11535882&sec=business
Published: Monday June 23, 2012
BY R.S.N.MURALI
murali@thestar.com.my
MALACCA: The inaugural Star Business Awards (SOBA) Learning Series workshop held here turned to be an intriguing event when several housewives registered as participants.
The homemakers joined local entrepreneurs and executives to obtain crucial tips on the success of business and how to build a winning formula from renowned speakers who included past winners.
The one-day workshop, entitled “Thriving in Turbulence Times”, saw an unprecedented participation of housewives.
S.W. Gan, 37, said she made it a point to attend the workshop to acquire crucial information on the insights into the principles and practices that had helped up-and-coming companies.
“I had to make special arrangement with a friend to fetch my only daughter from school as I desperately wanted to attend the workshop held here for the first time.
“Frankly, it was a very informative workshop; I have no qualms about attending the event,” she said.
Another housewife, M. Yogansewary, 36, said she was impressed by the eloquence of the speakers who gave an in-depth look at the strategies employed by successful enterprises.
“It's was a great presentation that I will not miss if it held here again,” she said.
Yoganeswary said she also had to make arrangement with a neighbour to take care of her three schooling children just to attend the workshop.
“I must describe the workshop as an impeccable' show that one shouldn't miss, the tips gained today could be applied by housewives like me to venture into small and medium entrepreneurship,” she said.
The session in Malacca also heard Pappa Rich president Loh Gim Chuan sharing on behalf of the founder what inspired him to start PappaRich, a Malaysian delights restaurant, which has now expanded to Australia.
This year's SOBA Awards promises to see some significant enhancements. For one thing, the awards are divided into two broad categories: the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Now into its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
Published: Monday June 23, 2012
BY R.S.N.MURALI
murali@thestar.com.my
MALACCA: The inaugural Star Business Awards (SOBA) Learning Series workshop held here turned to be an intriguing event when several housewives registered as participants.
The homemakers joined local entrepreneurs and executives to obtain crucial tips on the success of business and how to build a winning formula from renowned speakers who included past winners.
The one-day workshop, entitled “Thriving in Turbulence Times”, saw an unprecedented participation of housewives.
S.W. Gan, 37, said she made it a point to attend the workshop to acquire crucial information on the insights into the principles and practices that had helped up-and-coming companies.
Participants listen attentively to the speakers at the workshop.
“I had to make special arrangement with a friend to fetch my only daughter from school as I desperately wanted to attend the workshop held here for the first time.
“Frankly, it was a very informative workshop; I have no qualms about attending the event,” she said.
Another housewife, M. Yogansewary, 36, said she was impressed by the eloquence of the speakers who gave an in-depth look at the strategies employed by successful enterprises.
“It's was a great presentation that I will not miss if it held here again,” she said.
Yoganeswary said she also had to make arrangement with a neighbour to take care of her three schooling children just to attend the workshop.
“I must describe the workshop as an impeccable' show that one shouldn't miss, the tips gained today could be applied by housewives like me to venture into small and medium entrepreneurship,” she said.
The session in Malacca also heard Pappa Rich president Loh Gim Chuan sharing on behalf of the founder what inspired him to start PappaRich, a Malaysian delights restaurant, which has now expanded to Australia.
This year's SOBA Awards promises to see some significant enhancements. For one thing, the awards are divided into two broad categories: the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Now into its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
Technology driving PKT Logistics forward (Exim Bank)
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/23/business/11532935&sec=business
Published: Monday June 23, 2012
By EUGENE MAHALINGAM
eugenicz@thestar.com.my
COMPANIES need to embrace and be in touch with the advancements in technology or risk losing out to the competition, says PKT Logistics Group Sdn Bhd group chief executive and managing director Datuk Michael Tio.
He believes this is one of the main challenges facing CEOs today. With that in mind, it's no surprise that the logistics company has invested significantly in the field of technology.
“The management of today has changed so much with the progress made in technology. After we had decided to compete in the MNC (multinational companies) market, we found that we needed to equip ourselves with technology,” Tio tells StarBizWeek.
He says the company has already spent some RM3mil to install and upgrade its warehouse management, transportation management and enterprise resource planning systems.
“We even have a specially tailored GPS (global positioning system) for our trucks to calculate kilometre per litre of gasoline used,” Tio says, adding that PKT also spent RM1.1mil to upgrade its security systems.
“Our security system is like that of a Las Vegas casino's,” he enthused.
Tio says there is a need to invest in the latest technology not only for business growth, but also because today's employees demand it.
“Today's Gen-Y employees are good at adapting to technology. We therefore transformed our workplace by incorporating ICT (information and communications technology) elements into our operations,” he says, adding that the company has also made it compulsory for all of its employees to have a Facebook (FB) account.
“Our cleaners and guards have FB accounts too. We continue to innovate new ways of working via FB.”
“Here, we post all the latest vacancies available in PKT and soon our corporate clients. Reason is, we generate so many interest from people who want to work for us and the queue now stands at 600 FB fans. Our human resources department is helping them connect with our corporate clients who have vacancies.”
Tio will be speaking at the Star Business Awards (SOBA) Learning Series workshop in Kuching on June 29.
He will speak on What Makes PKT Different and Challenges Faced by Modern CEOs. The company bagged three awards in 2011, including gold for Entrepreneur of the Year and silver for Business of the Year.
“I must say we truly deserved to win the awards as we have worked very hard to be leaders in everything we do. SOBA is truly an event we look forward to as it generate tremendous exposure.
Tio says the company's business grew by more then 50% last year, partly due to the exposure it gained from winning big at SOBA.
“Today, our One Logistics Hub (which comprises three buildings The Ship, The Waves and The Lighthouse) is the most talked about warehouse in the industry!”
On what makes PKT different from other logistics companies, Tio says: “We serve with passion. We also motivate our staff to the level that they think they're better than other MNC employees.”
This year's SOBA promises to see some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Now in its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on the SOBA awards and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Published: Monday June 23, 2012
By EUGENE MAHALINGAM
eugenicz@thestar.com.my
COMPANIES need to embrace and be in touch with the advancements in technology or risk losing out to the competition, says PKT Logistics Group Sdn Bhd group chief executive and managing director Datuk Michael Tio.
He believes this is one of the main challenges facing CEOs today. With that in mind, it's no surprise that the logistics company has invested significantly in the field of technology.
“The management of today has changed so much with the progress made in technology. After we had decided to compete in the MNC (multinational companies) market, we found that we needed to equip ourselves with technology,” Tio tells StarBizWeek.
He says the company has already spent some RM3mil to install and upgrade its warehouse management, transportation management and enterprise resource planning systems.
“We even have a specially tailored GPS (global positioning system) for our trucks to calculate kilometre per litre of gasoline used,” Tio says, adding that PKT also spent RM1.1mil to upgrade its security systems.
“Our security system is like that of a Las Vegas casino's,” he enthused.
Tio says there is a need to invest in the latest technology not only for business growth, but also because today's employees demand it.
“Today's Gen-Y employees are good at adapting to technology. We therefore transformed our workplace by incorporating ICT (information and communications technology) elements into our operations,” he says, adding that the company has also made it compulsory for all of its employees to have a Facebook (FB) account.
“Our cleaners and guards have FB accounts too. We continue to innovate new ways of working via FB.”
“Here, we post all the latest vacancies available in PKT and soon our corporate clients. Reason is, we generate so many interest from people who want to work for us and the queue now stands at 600 FB fans. Our human resources department is helping them connect with our corporate clients who have vacancies.”
Tio: ‘After we had decided to compete
in the MNC market, we found that we
needed to equip ourselves with technology.’
Tio will be speaking at the Star Business Awards (SOBA) Learning Series workshop in Kuching on June 29.
He will speak on What Makes PKT Different and Challenges Faced by Modern CEOs. The company bagged three awards in 2011, including gold for Entrepreneur of the Year and silver for Business of the Year.
“I must say we truly deserved to win the awards as we have worked very hard to be leaders in everything we do. SOBA is truly an event we look forward to as it generate tremendous exposure.
Tio says the company's business grew by more then 50% last year, partly due to the exposure it gained from winning big at SOBA.
“Today, our One Logistics Hub (which comprises three buildings The Ship, The Waves and The Lighthouse) is the most talked about warehouse in the industry!”
On what makes PKT different from other logistics companies, Tio says: “We serve with passion. We also motivate our staff to the level that they think they're better than other MNC employees.”
This year's SOBA promises to see some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for the former and three for the latter.
Now in its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on the SOBA awards and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Friday, June 22, 2012
Tabung Haji muktamad beli hartanah UK
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/TabungHajimuktamadbelihartanahUK/Article/index_html
Published: Monday June 22, 2012
LEMBAGA Tabung Haji (Tabung Haji) dijangka memuktamadkan rundingan bagi pembelian hartanahnya di London September depan.
Pengarah Urusan dan Ketua Pegawai Eksekutif Tabung Haji, Datuk Ismee Ismail berkata, hartanah yang akan dibeli itu sudah dikenal pasti melalui tinjauan yang dijalankan pasukan khasnya sejak 2008.
“Hartanah di United Kingdom (UK) sememangnya sudah lama berada dalam perhatian kami. Namun kami amat berhati-hati dalam membuat pembelian kerana setiap aset yang dibeli Tabung Haji mesti mematuhi syariah. Justeru, kami sedikit perlahan berbanding agensi pelaburan lain.
“Hartanah yang akan dibelinya itu kini dihuni barisan penyewa yang menjalankan aktiviti perniagaan yang tidak bertentangan dengan syarak,” katanya.
Beliau berkata demikian selepas menerima Pensijilan ISO daripada DQS dan SIRIM QAS International Sdn Bhd bagi Pengurusan Sistem Keselamatan Maklumat (ISMS) dan bagi Pengurusan Perkhidmatan dan Operasi Haji di Malaysia dan Arab Saudi.
Pensijilan itu disampaikan kepada Ismee oleh Pengarah Urusan Kumpulan DQS, Michael Drechsel dan Pengarah Urusan SIRIM QAS, Khalidah Mistafa.
Mengenai usaha mengembangkan skop pelaburan Tabung Haji ke UK dengan membeli hartanah di London, beliau berkata, itu adalah bagi merebut peluang dalam bidang yang menjanjikan pulangan lumayan dan pendapatan tetap, sekali gus mampu memberikan kadar pulangan masa depan yang baik serta konsisten kepada pendeposit. - Bernama
Published: Monday June 22, 2012
LEMBAGA Tabung Haji (Tabung Haji) dijangka memuktamadkan rundingan bagi pembelian hartanahnya di London September depan.
Pengarah Urusan dan Ketua Pegawai Eksekutif Tabung Haji, Datuk Ismee Ismail berkata, hartanah yang akan dibeli itu sudah dikenal pasti melalui tinjauan yang dijalankan pasukan khasnya sejak 2008.
“Hartanah di United Kingdom (UK) sememangnya sudah lama berada dalam perhatian kami. Namun kami amat berhati-hati dalam membuat pembelian kerana setiap aset yang dibeli Tabung Haji mesti mematuhi syariah. Justeru, kami sedikit perlahan berbanding agensi pelaburan lain.
“Hartanah yang akan dibelinya itu kini dihuni barisan penyewa yang menjalankan aktiviti perniagaan yang tidak bertentangan dengan syarak,” katanya.
Beliau berkata demikian selepas menerima Pensijilan ISO daripada DQS dan SIRIM QAS International Sdn Bhd bagi Pengurusan Sistem Keselamatan Maklumat (ISMS) dan bagi Pengurusan Perkhidmatan dan Operasi Haji di Malaysia dan Arab Saudi.
Pensijilan itu disampaikan kepada Ismee oleh Pengarah Urusan Kumpulan DQS, Michael Drechsel dan Pengarah Urusan SIRIM QAS, Khalidah Mistafa.
Mengenai usaha mengembangkan skop pelaburan Tabung Haji ke UK dengan membeli hartanah di London, beliau berkata, itu adalah bagi merebut peluang dalam bidang yang menjanjikan pulangan lumayan dan pendapatan tetap, sekali gus mampu memberikan kadar pulangan masa depan yang baik serta konsisten kepada pendeposit. - Bernama
Thursday, June 21, 2012
MIDF jangka harga FGV RM5.30
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0621&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_03.htm
Published: Monday June 21, 2012
KUALA LUMPUR 20 Jun - MIDF Research meletakkan sasaran RM5.30 bagi harga pasca-penyenaraian Felda Global Ventures Holdings (FGV).
Menurut firma penyelidikan itu, harga sasaran tersebut bersandarkan kepada penilaian segmen perniagaan yang mempunyai nilai tinggi jika dipisahkan atau dijual (sum-of-parts valuation).
"Terdapat pelbagai nilai yang akan direalisasi oleh FGV di bawah model perniagaan barunya dan diterjemahkan kepada harga kepada pendapatan (PE) sebanyak 13 kali ganda, harga sasaran FGV adalah RM5.30," katanya dalam satu nota penyelidikan hari ini.
MIDF Research berkata, FGV merupakan salah satu daripada komponen FBM KLCI dan berdasarkan harga runcit tawaran awam permulaan (IPO) iaitu RM4.55, ia mampu memperoleh modal pasaran sebanyak RM16.6 bilion sekali gus menjadi modal pasaran ke-22 terbesar di Bursa Malaysia.
"Dengan itu, FGV dilihat sebagai kaunter yang paling berpotensi di FBM KLCI, menjadikannya sebagai saham yang wajib dimiliki oleh setiap firma pengurusan dana.
Firma penyelidikan itu menambah, FGV dilihat berhasrat untuk mengedarkan sekurang-kurangnya 50 peratus daripada keuntungan bersihnya kepada pemegang saham selepas ia disenaraikan walaupun tidak pernah membayar sebarang dividen sejak tiga tahun lalu.
"Kami menyasarkan pendapatan sesaham adalah 40.29 sen seunit pada tahun kewangan 2013 dan FGV dijangka mengedarkan sekurang-kurangnya 20.50 sen sesaham sebagai dividen," katanya.
Tawaran awam permulaan (IPO) FGV adalah yang kedua terbesar selepas Facebook dan dijangka meraih RM9.96 bilion hasil.
Syarikat tersebut akan membelanjakan RM2.19 bilion hasil bagi perluasan bank tanah dan RM100 juta bagi meningkatkan keberkesanan operasi.
Syarikat yang merupakan penanam kelapa sawit ketiga terbesar dunia itu menguasai hampir 355,864 hektar tanah yang dipajak daripada Felda di Malaysia dan 56,385 hektar di Indonesia menerusi anak-anak syarikatnya serta syarikat usahasama. Selain perniagaan huluan, ia turut menceburi perniagaan hiliran dan gula.
Published: Monday June 21, 2012
KUALA LUMPUR 20 Jun - MIDF Research meletakkan sasaran RM5.30 bagi harga pasca-penyenaraian Felda Global Ventures Holdings (FGV).
Menurut firma penyelidikan itu, harga sasaran tersebut bersandarkan kepada penilaian segmen perniagaan yang mempunyai nilai tinggi jika dipisahkan atau dijual (sum-of-parts valuation).
"Terdapat pelbagai nilai yang akan direalisasi oleh FGV di bawah model perniagaan barunya dan diterjemahkan kepada harga kepada pendapatan (PE) sebanyak 13 kali ganda, harga sasaran FGV adalah RM5.30," katanya dalam satu nota penyelidikan hari ini.
MIDF Research berkata, FGV merupakan salah satu daripada komponen FBM KLCI dan berdasarkan harga runcit tawaran awam permulaan (IPO) iaitu RM4.55, ia mampu memperoleh modal pasaran sebanyak RM16.6 bilion sekali gus menjadi modal pasaran ke-22 terbesar di Bursa Malaysia.
"Dengan itu, FGV dilihat sebagai kaunter yang paling berpotensi di FBM KLCI, menjadikannya sebagai saham yang wajib dimiliki oleh setiap firma pengurusan dana.
Firma penyelidikan itu menambah, FGV dilihat berhasrat untuk mengedarkan sekurang-kurangnya 50 peratus daripada keuntungan bersihnya kepada pemegang saham selepas ia disenaraikan walaupun tidak pernah membayar sebarang dividen sejak tiga tahun lalu.
"Kami menyasarkan pendapatan sesaham adalah 40.29 sen seunit pada tahun kewangan 2013 dan FGV dijangka mengedarkan sekurang-kurangnya 20.50 sen sesaham sebagai dividen," katanya.
Tawaran awam permulaan (IPO) FGV adalah yang kedua terbesar selepas Facebook dan dijangka meraih RM9.96 bilion hasil.
Syarikat tersebut akan membelanjakan RM2.19 bilion hasil bagi perluasan bank tanah dan RM100 juta bagi meningkatkan keberkesanan operasi.
Syarikat yang merupakan penanam kelapa sawit ketiga terbesar dunia itu menguasai hampir 355,864 hektar tanah yang dipajak daripada Felda di Malaysia dan 56,385 hektar di Indonesia menerusi anak-anak syarikatnya serta syarikat usahasama. Selain perniagaan huluan, ia turut menceburi perniagaan hiliran dan gula.
Wednesday, June 20, 2012
SME Bank sees NPLs dropping to 15% by year-end
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/20/business/11510656&sec=business
Published: Monday June 20, 2012
KUALA LUMPUR: SME Bank Bhd expects its non-performing loans (NPLs) to decrease to 15% by year-end from 17% last year, given the bank’s good collection rate.
Managing director Datuk Mohd Radzif Mohd Yunus said the bank was also collaborating with Bank Simpanan Nasional (BSN) to help customers make their monthly payments according to schedule.
“There are issues and challenges facing Malaysian small and medium enterprises (SMEs) in spite of all the recognition and assistance given. Many still lament the difficulty in obtaining financing while some face an uphill task accessing markets,” he said after the signing of a memorandum of understanding between SME Bank and BSN to facilitate a payment gateway collaboration.
Radzif said the tie-up would enable SME Bank to tap BSN’s vast network of 392 branches in Malaysia, especially in rural areas.
Meanwhile, Deputy Finance Minister Datuk Dr Awang Adek Hussin, who witnessed the ceremony, said it was vital for financial institutions to explore areas of cooperation locally and internationally besides competing in the open and globalised world.
“This collaboration is an illustration of good synergistic efforts whereby BSN’s extensive branches nationwide can be leveraged by SME Bank customers to service their loans,” he said. — Bernama
Published: Monday June 20, 2012
KUALA LUMPUR: SME Bank Bhd expects its non-performing loans (NPLs) to decrease to 15% by year-end from 17% last year, given the bank’s good collection rate.
Managing director Datuk Mohd Radzif Mohd Yunus said the bank was also collaborating with Bank Simpanan Nasional (BSN) to help customers make their monthly payments according to schedule.
“There are issues and challenges facing Malaysian small and medium enterprises (SMEs) in spite of all the recognition and assistance given. Many still lament the difficulty in obtaining financing while some face an uphill task accessing markets,” he said after the signing of a memorandum of understanding between SME Bank and BSN to facilitate a payment gateway collaboration.
Radzif said the tie-up would enable SME Bank to tap BSN’s vast network of 392 branches in Malaysia, especially in rural areas.
Meanwhile, Deputy Finance Minister Datuk Dr Awang Adek Hussin, who witnessed the ceremony, said it was vital for financial institutions to explore areas of cooperation locally and internationally besides competing in the open and globalised world.
“This collaboration is an illustration of good synergistic efforts whereby BSN’s extensive branches nationwide can be leveraged by SME Bank customers to service their loans,” he said. — Bernama
SME Bank out to cut NPL ratio
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/smeb/Article/
Published: Monday June 20, 2012
By Roziana Hamsawi
SME BANK is targeting to lower its non-performing loan (NPL) ratio to 15 per cent by the end of this year from 17 per cent currently.
Managing director Datuk Mohd Radzif Mohd Yunus said although the bank's collection rate is still considered good, it can be improved.
"Our NPLs are manageable but we are working towards improving our the ratio and with a better collection rate, we hope to lower the NPL ratio to 15 per cent this year," he said.
One of its ways to improve the loan collection rate is through collaboration with other banks that have bigger branch networks compared to SME Bank's 19 branches.
Yesterday, SME Bank signed a "payment gateway" memorandum of
understanding (MoU) with Bank Simpanan Nasional (BSN), which allows
SME Bank's customers to make their loan repayment at any of the 392 BSN
branches nationwide with no surcharge imposed.
"We are tapping onto the vast BSN network of branches especially in rural areas to facilitate our clients to make their payments and in doing so, avoid unnecessary inconvenience," Mohd Radzif told reporters.
He said small and medium-sized enterprises (SMEs) are the backbone and key drivers of industrial development and economic growth, and in spite of all the recognition and assistance given, there are still issues facing Malaysian SMEs.
"Many still lament the difficulty in access to financing, while some face an uphill task gaining access to the market," he said, adding that SME Bank will continue to offer assistance.
He said the payment gateway collaboration with BSNmay in the future include other joint efforts in strategic areas.
BSN chief executive Datuk Adinan Maning said to facilitate the payment, SME Bank customers can open an account with BSN so that the bank can transfer the money to SME Bank through monthly deductions.
The signing of the MoU was witnessed by Deputy Finance Minister Datuk Dr Awang Adek Hussin.
In his speech, Awang Adek said the government has set a target of a 40 per cent SME contribution to gross domestic product by 2020 from the current level of 33 per cent.
Awang Adek commended the initiative between SME Bank and BSN as if helps small and medium enterprises in the rural areas to make their loan repayments without much hassle.
"We need to educate and remind those who take up loans that they must make sure these loans are fully repaid," he said adding that if not, it would affect the ability of government institutions to use their funds to help others who are in need of loans.
Published: Monday June 20, 2012
By Roziana Hamsawi
SME BANK is targeting to lower its non-performing loan (NPL) ratio to 15 per cent by the end of this year from 17 per cent currently.
Managing director Datuk Mohd Radzif Mohd Yunus said although the bank's collection rate is still considered good, it can be improved.
"Our NPLs are manageable but we are working towards improving our the ratio and with a better collection rate, we hope to lower the NPL ratio to 15 per cent this year," he said.
One of its ways to improve the loan collection rate is through collaboration with other banks that have bigger branch networks compared to SME Bank's 19 branches.
"We are tapping onto the vast BSN network of branches especially in rural areas to facilitate our clients to make their payments and in doing so, avoid unnecessary inconvenience," Mohd Radzif told reporters.
He said small and medium-sized enterprises (SMEs) are the backbone and key drivers of industrial development and economic growth, and in spite of all the recognition and assistance given, there are still issues facing Malaysian SMEs.
"Many still lament the difficulty in access to financing, while some face an uphill task gaining access to the market," he said, adding that SME Bank will continue to offer assistance.
He said the payment gateway collaboration with BSNmay in the future include other joint efforts in strategic areas.
BSN chief executive Datuk Adinan Maning said to facilitate the payment, SME Bank customers can open an account with BSN so that the bank can transfer the money to SME Bank through monthly deductions.
The signing of the MoU was witnessed by Deputy Finance Minister Datuk Dr Awang Adek Hussin.
In his speech, Awang Adek said the government has set a target of a 40 per cent SME contribution to gross domestic product by 2020 from the current level of 33 per cent.
Awang Adek commended the initiative between SME Bank and BSN as if helps small and medium enterprises in the rural areas to make their loan repayments without much hassle.
"We need to educate and remind those who take up loans that they must make sure these loans are fully repaid," he said adding that if not, it would affect the ability of government institutions to use their funds to help others who are in need of loans.
SME Bank expects NPLs to reduce to 15% by year-end
Source From (The Sun Daily): http://www.thesundaily.my/news/411151
Published: Monday June 20, 2012
KUALA LUMPUR (June 19, 2012): SME Bank Bhd expects its non-performing loans (NPLs) to decrease to 15% by year-end, from 17% last year, given the bank's good collection rate.
Its managing director Datuk Mohd Radzif Mohd Yunus said the bank was also collaborating with Bank Simpanan Nasional (BSN) to help customers make their monthly payments according to schedule.
"There are issues and challenges facing Malaysian small-and-medium enterprises (SMEs) in spite of all the recognition and assistance given.
"Many still lament the difficulty in obtaining financing while some face an uphill task accessing markets," he told reporters after the signing of a memorandum of understanding between both parties to facilitate a payment gateway collaboration.
Mohd Radzif said the tie-up would enable SME Bank to tap BSN's vast network of 392 branches throughout Malaysia, especially in rural areas.
Meanwhile, Deputy Finance Minister Datuk Dr Awang Adek Hussin, who witnessed the ceremony, said it was vital for financial institutions to explore areas of cooperation locally and internationally besides competing in the open and globalised world.
"This collaboration is an illustration of good synergistic efforts whereby BSN's extensive branches nationwide can be leveraged by SME Bank customers to service their loans," he said. – Bernama
Published: Monday June 20, 2012
KUALA LUMPUR (June 19, 2012): SME Bank Bhd expects its non-performing loans (NPLs) to decrease to 15% by year-end, from 17% last year, given the bank's good collection rate.
Its managing director Datuk Mohd Radzif Mohd Yunus said the bank was also collaborating with Bank Simpanan Nasional (BSN) to help customers make their monthly payments according to schedule.
"There are issues and challenges facing Malaysian small-and-medium enterprises (SMEs) in spite of all the recognition and assistance given.
"Many still lament the difficulty in obtaining financing while some face an uphill task accessing markets," he told reporters after the signing of a memorandum of understanding between both parties to facilitate a payment gateway collaboration.
Mohd Radzif said the tie-up would enable SME Bank to tap BSN's vast network of 392 branches throughout Malaysia, especially in rural areas.
Meanwhile, Deputy Finance Minister Datuk Dr Awang Adek Hussin, who witnessed the ceremony, said it was vital for financial institutions to explore areas of cooperation locally and internationally besides competing in the open and globalised world.
"This collaboration is an illustration of good synergistic efforts whereby BSN's extensive branches nationwide can be leveraged by SME Bank customers to service their loans," he said. – Bernama
Institusi kewangan perlu bekerjasama
Source From (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0620&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_02.htm
Published: Monday June 20, 2012
KUALA LUMPUR 19 Jun - Institusi-institusi
kewangan di negara ini digesa bekerjasama antara satu sama lain bagi
mewujudkan faedah yang sama rata dan menyeluruh, kata Timbalan Menteri
Kewangan, Datuk Dr. Awang Adek Hussin.
Beliau berkata, banyak manfaat yang akan terhasil daripada kerjasama kerana ia mewujudkan sinergi yang lebih baik kepada kedua-dua pihak, selain daripada persaingan.
Ini kerana, jelas Awang Adek, persaingan antara institusi kewangan hanya memperlihatkan jurang antara satu sama lain.
Beliau memberitahu, kerjasama yang wujud juga dapat memudahkan urusan golongan perusahaan kecil dan sederhana (PKS) yang merupakan 99 peratus dalam dunia perniagaan di negara ini.
"Selama ini, institusi kewangan tempatan kurang memberi penekanan kepada kerjasama dan ia perlu diteroka dengan lebih baik bagi memberi manfaat kepada semua pihak.
"Kerjasama yang wujud sepatutnya memberi ruang 'menang-menang' kepada seluruh institusi kewangan tempatan,'' katanya.
Beliau berkata demikian kepada pemberita selepas menghadiri majlis menandatangani memorandum persefahaman di antara Bank Perusahaan Kecil dan Sederhana Malaysia Bhd. (SME Bank) dengan Bank Simpanan Nasional (BSN) di sini hari ini.
Turut hadir ialah Pengarah Urusan SME Bank, Datuk Mohd. Radzif Mohd. Yunus, Ketua Eksekutif BSN, Datuk Adinan Maning, Timbalan Ketua Eksekutif (Perbankan Runcit) BSN, Winston Emmanuel Jayaprakash dan Pengarah Urusan Strategik SME Bank, Mohd. Rizal Mohd. Jaafar.
Tambah Awang Adek, tumpuan lain yang perlu diberi perhatian oleh institusi kewangan adalah sistem yang cekap untuk pembayaran semula pinjaman bagi mengurangkan kadar hutang tertunggak.
Published: Monday June 20, 2012
Mohd. Rizal Mohd. Jaafar (kiri)
bertukar dokumen
perjanjian dengan Winston Emmanuel (kanan) sambil
disaksikan oleh Awang Adek Hussin, Mohd. Radzif
Mohd. Yunus (dua kiri)
dan Adinan Maning (dua kanan)
di majlis menandatangani perjanjian
persefahaman
antara SME Bank dan Bank Simpanan Nasional di
Menara SME
Bank, Kuala Lumpur, semalam.
Beliau berkata, banyak manfaat yang akan terhasil daripada kerjasama kerana ia mewujudkan sinergi yang lebih baik kepada kedua-dua pihak, selain daripada persaingan.
Ini kerana, jelas Awang Adek, persaingan antara institusi kewangan hanya memperlihatkan jurang antara satu sama lain.
Beliau memberitahu, kerjasama yang wujud juga dapat memudahkan urusan golongan perusahaan kecil dan sederhana (PKS) yang merupakan 99 peratus dalam dunia perniagaan di negara ini.
"Selama ini, institusi kewangan tempatan kurang memberi penekanan kepada kerjasama dan ia perlu diteroka dengan lebih baik bagi memberi manfaat kepada semua pihak.
"Kerjasama yang wujud sepatutnya memberi ruang 'menang-menang' kepada seluruh institusi kewangan tempatan,'' katanya.
Beliau berkata demikian kepada pemberita selepas menghadiri majlis menandatangani memorandum persefahaman di antara Bank Perusahaan Kecil dan Sederhana Malaysia Bhd. (SME Bank) dengan Bank Simpanan Nasional (BSN) di sini hari ini.
Turut hadir ialah Pengarah Urusan SME Bank, Datuk Mohd. Radzif Mohd. Yunus, Ketua Eksekutif BSN, Datuk Adinan Maning, Timbalan Ketua Eksekutif (Perbankan Runcit) BSN, Winston Emmanuel Jayaprakash dan Pengarah Urusan Strategik SME Bank, Mohd. Rizal Mohd. Jaafar.
Tambah Awang Adek, tumpuan lain yang perlu diberi perhatian oleh institusi kewangan adalah sistem yang cekap untuk pembayaran semula pinjaman bagi mengurangkan kadar hutang tertunggak.
Bayar pinjaman SME Bank di BSN
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/BayarpinjamanSMEBankdiBSN/Article/index_html
Published: Monday June 20, 2012
BANK Perusahaan Kecil dan Sederhana Malaysia Berhad (SME Bank) menandatangani memorandum persefahaman (MoU) dengan Bank Simpanan Nasional (BSN) untuk menyediakan kemudahan tambahan kepada pelanggan SME Bank membuat pembayaran pinjaman mereka.
Pengarah Urusan SME Bank, Datuk Mohd Radzif Mohd Yunus berkata, melalui kolaborasi gerbang pembayaran itu, pelanggan SME Bank kini boleh membuat pembayaran pinjaman mereka di mana-mana kaunter cawangan BSN secara tunai atau cek tanpa dikenakan caj tambahan.
“Usaha sama ini bakal membantu pelanggan SME Bank terutama yang berada di kawasan agak jauh dari cawangan SME Bank untuk membuat pembayaran pinjaman tepat pada masanya disamping menjimatkan masa.
“Pembayaran pinjaman boleh dibuat di semua 392 cawangan BSN dan 1,500 agen di seluruh negara,” katanya pada majlis menandatangani MoU antara SME Bank dan BSN di Menara SME Bank Kuala Lumpur, semalam.
Majlis disaksikan Timbalan Menteri Kewangan, Datuk Dr Awang Adek Hussin dan dihadiri Ketua Eksekutif BSN, Datuk Adinan Maning serta Timbalan Ketua Eksekutif (Perbankan Runcit) BSN, Winston Emmanuel.
Published: Monday June 20, 2012
BANK Perusahaan Kecil dan Sederhana Malaysia Berhad (SME Bank) menandatangani memorandum persefahaman (MoU) dengan Bank Simpanan Nasional (BSN) untuk menyediakan kemudahan tambahan kepada pelanggan SME Bank membuat pembayaran pinjaman mereka.
Pengarah Urusan SME Bank, Datuk Mohd Radzif Mohd Yunus berkata, melalui kolaborasi gerbang pembayaran itu, pelanggan SME Bank kini boleh membuat pembayaran pinjaman mereka di mana-mana kaunter cawangan BSN secara tunai atau cek tanpa dikenakan caj tambahan.
“Usaha sama ini bakal membantu pelanggan SME Bank terutama yang berada di kawasan agak jauh dari cawangan SME Bank untuk membuat pembayaran pinjaman tepat pada masanya disamping menjimatkan masa.
“Pembayaran pinjaman boleh dibuat di semua 392 cawangan BSN dan 1,500 agen di seluruh negara,” katanya pada majlis menandatangani MoU antara SME Bank dan BSN di Menara SME Bank Kuala Lumpur, semalam.
Majlis disaksikan Timbalan Menteri Kewangan, Datuk Dr Awang Adek Hussin dan dihadiri Ketua Eksekutif BSN, Datuk Adinan Maning serta Timbalan Ketua Eksekutif (Perbankan Runcit) BSN, Winston Emmanuel.
Monday, June 18, 2012
Companies likely to increase adex this year
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/18/business/11492294&sec=business
Published: Monday June 18, 2012
GEORGE TOWN: Companies in the country are expected to increase their advertising expenditure by about 15% this year from RM10.7bil in 2011.
OmnicomMediaGroup managing director Andreas Vogiatzakis said in an interview that the forthcoming Olympics in London and expected general election were going to boost television ratings, which would attract more advertisements.
Vogiatzakis told StarBiz at the sidelines of the The Star Business Awards 2012 (SOBA) first workshop that “we expect 50% of the advertisement spending to come from local brand name companies and the other half to come from global brand name companies”,
“The first quarter of 2012 was slightly softer compared to last year’s corresponding period as there were many holidays in the first quarter. We can now see advertisement spending picking up,” he said.
Vogiatzakis said spending on digital advertising platform was gradually rising.
“We can see funds crossing over to digital advertising platform, but the impact on conventional advertising platform is not so great yet. But digital advertising spending would grow gradually,” he said.
According to IHS Screen Digest 2011, close to half of all TVs in developed markets will have some form of Internet connection by 2016.
“We will see a growing number of screens incorporating Natural User Interface and Near Field Communication technologies to enhance the effectiveness of electronic business transactions and media advertiements,” he said.
He said, however, printed media would not go out of date.
“There are still market segments that prefer advertisement in printed media,” Vogiatzakis said.
On which media platform should companies choose to advertise, Vogiatzakis said the company should understand its customers before reaching a decision.
“They should understand how its customers interact with the products they consumed, their competition, and the dynamics of the market,” he added.
Themed Thriving In Turbulent Times, the one-day workshop featured professionals and experienced entrepreneurs from Branding Association of Malaysia, Media Specialists Association and Exim Bank who shared their ideas, strategies and experiences to help local fledgling companies become future industry leaders. The topics, which covered current business trends and patterns, were aimed at helping participants cope with the mounting challenge.
Subsequent SOBA Learning Series workshops will take place at the following venues: on June 22 at Holiday Inn, Malacca, June 29 at Riverside Majestic Hotel, Kuching, and July 13 at The Royale Chulan, Kuala Lumpur.
Published: Monday June 18, 2012
GEORGE TOWN: Companies in the country are expected to increase their advertising expenditure by about 15% this year from RM10.7bil in 2011.
OmnicomMediaGroup managing director Andreas Vogiatzakis said in an interview that the forthcoming Olympics in London and expected general election were going to boost television ratings, which would attract more advertisements.
Vogiatzakis told StarBiz at the sidelines of the The Star Business Awards 2012 (SOBA) first workshop that “we expect 50% of the advertisement spending to come from local brand name companies and the other half to come from global brand name companies”,
“The first quarter of 2012 was slightly softer compared to last year’s corresponding period as there were many holidays in the first quarter. We can now see advertisement spending picking up,” he said.
Vogiatzakis said spending on digital advertising platform was gradually rising.
“We can see funds crossing over to digital advertising platform, but the impact on conventional advertising platform is not so great yet. But digital advertising spending would grow gradually,” he said.
According to IHS Screen Digest 2011, close to half of all TVs in developed markets will have some form of Internet connection by 2016.
“We will see a growing number of screens incorporating Natural User Interface and Near Field Communication technologies to enhance the effectiveness of electronic business transactions and media advertiements,” he said.
He said, however, printed media would not go out of date.
“There are still market segments that prefer advertisement in printed media,” Vogiatzakis said.
On which media platform should companies choose to advertise, Vogiatzakis said the company should understand its customers before reaching a decision.
“They should understand how its customers interact with the products they consumed, their competition, and the dynamics of the market,” he added.
Themed Thriving In Turbulent Times, the one-day workshop featured professionals and experienced entrepreneurs from Branding Association of Malaysia, Media Specialists Association and Exim Bank who shared their ideas, strategies and experiences to help local fledgling companies become future industry leaders. The topics, which covered current business trends and patterns, were aimed at helping participants cope with the mounting challenge.
Subsequent SOBA Learning Series workshops will take place at the following venues: on June 22 at Holiday Inn, Malacca, June 29 at Riverside Majestic Hotel, Kuching, and July 13 at The Royale Chulan, Kuala Lumpur.
Saturday, June 16, 2012
BSN's 3B service records RM45m transactions since January launch
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/14PUTRA/Article/index_html
Published: Monday June 15, 2012
By Nancy Nais
PUTRAJAYA: Since its introduction in January this year, Bank Simpanan Nasional (BSN)'s Banking Beyond Branches (3B) service has recorded a total of 532,381 transactions valued at RM45 million.
Published: Monday June 15, 2012
By Nancy Nais
PUTRAJAYA: Since its introduction in January this year, Bank Simpanan Nasional (BSN)'s Banking Beyond Branches (3B) service has recorded a total of 532,381 transactions valued at RM45 million.
Transaksi PTC BSN lebih RM50j
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/transaksi-ptc-bsn-lebih-rm50j-1.56749
Published: Monday June 15, 2012
Ketua Eksekutif BSN, Datuk Adinan Maning
Sejak diperkenalkan Januari lalu, perkhidmatan perbankan tanpa cawangan
(PTC) Bank Simpanan Nasional (BSN) mencatatkan lebih 600,000 transaksi
bernilai lebih RM50 juta di seluruh negara.
Ketua Eksekutif BSN, Datuk Adinan Maning berkata, jumlah itu termasuk transaksi deposit bernilai RM6.2 juta, sekali gus dijangka meningkatkan jumlah deposit bank itu bagi tahun ini, berbanding RM19.5 bilion tahun lalu.
“Kami meninjau untuk meningkatkan usaha bagi menarik lebih ramai orang membuat deposit. Itulah sebabnya dari masa ke masa kami mengkaji semula kadar bagi menjadikannya menarik selain melancarkan beberapa kempen.
“Kami mempunyai sasaran tersendiri menjelang akhir tahun,” katanya selepas majlis perasmian perkhidmatan itu di Putrajaya, semalam. Majlis dirasmikan Menteri Kewangan Kedua, Datuk Seri Ahmad Husni Mohamad Hanadzlah.
Adinan berkata, perkhidmatan PTC itu memudahkan pelanggan dan orang ramai melakukan transaksi perbankan terpilih dengan ejen-ejen yang dilantik dan yang berdaftar dengan BSN terutama di kawasan- kawasan yang tidak mempunyai perkhidmatan bank, tanpa dikenakan sebarang bayaran.
Beliau berkata, transaksi yang ditawarkan pada masa ini adalah pengeluaran wang, deposit, pembayaran bil, pembelian Sijil Simpanan Premium (eSSP) dan pembayaran tanpa tunai, di mana ejen-ejen akan dibekalkan dengan alat terminal Point of Sale (POS) yang dilengkapi perkhidmatan radio paket am (GPRS) tanpa wayar untuk melakukan transaksi berkenaan.
BSN turut meninjau untuk menawarkan lebih banyak transaksi melalui perkhidmatan itu pada masa hadapan termasuk pembayaran balik pinjaman seperti pinjaman Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) dankiriman wang.
Katanya, RM30 juta dilaburkan untuk menyediakan perkhidmatan itu, termasuk bagi menyediakan sistem yang diperlukan, latihan ejen dan aktiviti promosi.
Sehingga kini, BSN mempunyai 1,500 ejen berdaftar di seluruh negara dan yakin jumlah itu akan meningkat kepada 5,000 orang pada 2014. - Bernama
Published: Monday June 15, 2012
Ketua Eksekutif BSN, Datuk Adinan Maning
Ketua Eksekutif BSN, Datuk Adinan Maning berkata, jumlah itu termasuk transaksi deposit bernilai RM6.2 juta, sekali gus dijangka meningkatkan jumlah deposit bank itu bagi tahun ini, berbanding RM19.5 bilion tahun lalu.
“Kami meninjau untuk meningkatkan usaha bagi menarik lebih ramai orang membuat deposit. Itulah sebabnya dari masa ke masa kami mengkaji semula kadar bagi menjadikannya menarik selain melancarkan beberapa kempen.
“Kami mempunyai sasaran tersendiri menjelang akhir tahun,” katanya selepas majlis perasmian perkhidmatan itu di Putrajaya, semalam. Majlis dirasmikan Menteri Kewangan Kedua, Datuk Seri Ahmad Husni Mohamad Hanadzlah.
Adinan berkata, perkhidmatan PTC itu memudahkan pelanggan dan orang ramai melakukan transaksi perbankan terpilih dengan ejen-ejen yang dilantik dan yang berdaftar dengan BSN terutama di kawasan- kawasan yang tidak mempunyai perkhidmatan bank, tanpa dikenakan sebarang bayaran.
Beliau berkata, transaksi yang ditawarkan pada masa ini adalah pengeluaran wang, deposit, pembayaran bil, pembelian Sijil Simpanan Premium (eSSP) dan pembayaran tanpa tunai, di mana ejen-ejen akan dibekalkan dengan alat terminal Point of Sale (POS) yang dilengkapi perkhidmatan radio paket am (GPRS) tanpa wayar untuk melakukan transaksi berkenaan.
BSN turut meninjau untuk menawarkan lebih banyak transaksi melalui perkhidmatan itu pada masa hadapan termasuk pembayaran balik pinjaman seperti pinjaman Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) dankiriman wang.
Katanya, RM30 juta dilaburkan untuk menyediakan perkhidmatan itu, termasuk bagi menyediakan sistem yang diperlukan, latihan ejen dan aktiviti promosi.
Sehingga kini, BSN mempunyai 1,500 ejen berdaftar di seluruh negara dan yakin jumlah itu akan meningkat kepada 5,000 orang pada 2014. - Bernama
Monday, June 11, 2012
SMEs advised to be more inspired - Exim Bank
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/11/business/11454692&sec=business
Published: Monday June 11, 2012
By WONG WEI-SHEN
weishen.wong@thestar.com.my
PETALING JAYA: Small and medium enterprises (SMEs) need to manage their businesses with a bit more inspiration if they want to distinguish themselves from their competitors.
Island Landcap Properties Group executive chairman Oon Weng Boon said inspiration was a unique, yet subjective key element in any business, but it was a much needed factor.
Oon is a guest speaker at the upcoming The Star Business Awards (SOBA) Learning Series workshops.
SOBA was established three years ago to promote excellence and stimulate positive competition between SMEs.
Submission of entries to participate in SOBA stared in May and will remain open until August.
The entries will then be judged in September leading up to the awards presentation in November later this year.
The Learning Series workshops will be held in four different cities over a one-month period starting June 15.
“With inspiration, we seek to be different from others and thus, avoid direct competition,” Oon said.
While competition among other SMEs is inevitable, SMEs are able to distinguish themselves not only in their products, but also in various areas.
“SMEs are able to transform with inspiration cultivated as its core value,” he said.
In regards to his topic “Building Inspiration From Within”, Oon said he would be sharing his personal experiences in building both his career and business, and “the push factors and the success factors that I apply.
“These factors have guided me all this while as the key elements in products offering, as well as managing the company,” he said.
He said SOBA was a recognition for the winning companies and would further encourage them to strive further.
“Being the winner of SOBA, companies will carry themselves in a professional manner and serve their customers better,” he concluded.
This year's SOBA sees some significant enhancements.
The awards will be divided into two broad categories - the top-of-the-class awards and outstanding achievement awards.
There are eight sub-categories for top-of-the-class awards and three for the outstanding achievement awards.
In its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, which are supported by Bursa Malaysia.
The Royale Chulan Kuala Lumpur is the official hotel partner.
Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM.
The awards auditor is BDO.
For more information on the SOBA awards and the workshops, please call 03-7967-1388 ext 1244/1237/1475.
Published: Monday June 11, 2012
By WONG WEI-SHEN
weishen.wong@thestar.com.my
PETALING JAYA: Small and medium enterprises (SMEs) need to manage their businesses with a bit more inspiration if they want to distinguish themselves from their competitors.
Island Landcap Properties Group executive chairman Oon Weng Boon said inspiration was a unique, yet subjective key element in any business, but it was a much needed factor.
Oon is a guest speaker at the upcoming The Star Business Awards (SOBA) Learning Series workshops.
SOBA was established three years ago to promote excellence and stimulate positive competition between SMEs.
Submission of entries to participate in SOBA stared in May and will remain open until August.
The entries will then be judged in September leading up to the awards presentation in November later this year.
The Learning Series workshops will be held in four different cities over a one-month period starting June 15.
“With inspiration, we seek to be different from others and thus, avoid direct competition,” Oon said.
While competition among other SMEs is inevitable, SMEs are able to distinguish themselves not only in their products, but also in various areas.
“SMEs are able to transform with inspiration cultivated as its core value,” he said.
In regards to his topic “Building Inspiration From Within”, Oon said he would be sharing his personal experiences in building both his career and business, and “the push factors and the success factors that I apply.
“These factors have guided me all this while as the key elements in products offering, as well as managing the company,” he said.
He said SOBA was a recognition for the winning companies and would further encourage them to strive further.
“Being the winner of SOBA, companies will carry themselves in a professional manner and serve their customers better,” he concluded.
This year's SOBA sees some significant enhancements.
The awards will be divided into two broad categories - the top-of-the-class awards and outstanding achievement awards.
There are eight sub-categories for top-of-the-class awards and three for the outstanding achievement awards.
In its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, which are supported by Bursa Malaysia.
The Royale Chulan Kuala Lumpur is the official hotel partner.
Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM.
The awards auditor is BDO.
For more information on the SOBA awards and the workshops, please call 03-7967-1388 ext 1244/1237/1475.
Sunday, June 10, 2012
SOBA workshops to feature wide range of speakers
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/9/business/11445903&sec=business
Published: Saturday June 9, 2012
By WONG WEI-SHEN
weishen.wong@thestar.com.my
IT is in troubling times like these, that uncertainty and volatility cloud the future of businesses and businesses need something to hold on to, something to motivate them to keep pushing forward although they are not able to see past the fog.
Small and medium enterprises (SMEs) constitute 99.2% of business establishments and contribute 56.4% of total employment in Malaysia. The Star Business Awards (SOBA) Learning Series workshops will feature speakers from organisations such as Export-Import Bank of Malaysia Bhd (Exim Bank), Branding Association of Malaysia (BAM), Media Specialists Association (MSA), and Malaysian Franchise Association (MFA).
The workshops will be held in four different cities over a one-month period starting June 15.
Exim Bank managing director and chief executive officer Datuk Adissadikin Ali says participating in SOBA will give SMEs exposure in benchmarking themselves against its peers and competitors.
“Most importantly, SOBA gives SMEs the ability to learn from the experience of others through active engagements with fellow SMEs and other participants,” he says.
BAM president Eric Chong says SOBA leaves an impact on winners and participants alike. “The walk-through of the criteria gives the company a thorough health scan and can serve as a troubleshooting opportunity,” he says.
On the other hand, MSA president Ranganathan Somanathan says SMEs constantly look for growth opportunities and use product innovation to drive that.
“SOBA recognises this and fuels the Malaysian SMEs by evaluating and recognising them across various facets of organisation development and management,” he says.
Ranganathan adds that through SOBA, The Star brings world class thinking in organisation development to SMEs.
MFA chairman Abdul Malik Abdullah says SOBA can be used as a marketing tool and an assessment tool.
“It inspires enterprises to boost their performance, and continue developing its business processes. It also promotes a more competitive industry,” he says.
Addissadikin will be speaking on the topic of Export with Absolute Confidence.
“I will be sharing some general views on several markets across the globe in terms of economic, political and legal systems; our views on the key success factors in cross border trade, and also about the available funding and risk mitigation tools available in the market including Exim Bank's offerings,” he says.
He adds SMEs can export with confidence only if they are aware of the risks that they face, and if they are equipped with the proper risk mitigating tools to venture into such businesses.
BAM's Chong will be speaking about Brilliance Through Branding, which he says will be an interesting topic.
“My topic not only discusses the importance of branding for business organisations, it also reveals branding strategies that can truly work wonders for SMEs,” Chong says.
Without brand building, it is hard for a brand to be differentiated. He says, “When a name becomes branded', more consumers will be drawn to it. It is always easier to do business when customers look for you than if you have to constantly look for customers.”
Ranganathan will be speaking on the topic of The Role of Media in Building Brands. He acknowledges that media plays a critical role in brand building. He will be talking about how to leverage media well to build brands and drive growth.
“With the media options available today, the world is their market place. How SMEs communicate to their customers will dictate the pace at which their business grows. Smart deployment of media spending is a blend of sophisticated art and science,” Ranganathan says.
“Franchising The Way Forward” is Abdul Malik's topic. “The number of existing franchises in Malaysia has increased by almost 200% over the last 15 years,” Abdul Malik says.
42 local franchise brands have established their presence in over 51 countries. “It is evident that our very own franchise brands are able to compete with foreign brands,” he says.
He concludes that with adequate training, financing, incentives and brand development among other supporting programmes, SMEs can make significantly advance in the international market arena.
This year's SOBA sees some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for top-of-the-class awards and three for the outstanding achievement awards.
Now in its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, and is supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on SOBA and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Published: Saturday June 9, 2012
By WONG WEI-SHEN
weishen.wong@thestar.com.my
IT is in troubling times like these, that uncertainty and volatility cloud the future of businesses and businesses need something to hold on to, something to motivate them to keep pushing forward although they are not able to see past the fog.
Small and medium enterprises (SMEs) constitute 99.2% of business establishments and contribute 56.4% of total employment in Malaysia. The Star Business Awards (SOBA) Learning Series workshops will feature speakers from organisations such as Export-Import Bank of Malaysia Bhd (Exim Bank), Branding Association of Malaysia (BAM), Media Specialists Association (MSA), and Malaysian Franchise Association (MFA).
The workshops will be held in four different cities over a one-month period starting June 15.
Exim Bank managing director and chief executive officer Datuk Adissadikin Ali says participating in SOBA will give SMEs exposure in benchmarking themselves against its peers and competitors.
“Most importantly, SOBA gives SMEs the ability to learn from the experience of others through active engagements with fellow SMEs and other participants,” he says.
BAM president Eric Chong says SOBA leaves an impact on winners and participants alike. “The walk-through of the criteria gives the company a thorough health scan and can serve as a troubleshooting opportunity,” he says.
On the other hand, MSA president Ranganathan Somanathan says SMEs constantly look for growth opportunities and use product innovation to drive that.
“SOBA recognises this and fuels the Malaysian SMEs by evaluating and recognising them across various facets of organisation development and management,” he says.
Ranganathan adds that through SOBA, The Star brings world class thinking in organisation development to SMEs.
MFA chairman Abdul Malik Abdullah says SOBA can be used as a marketing tool and an assessment tool.
“It inspires enterprises to boost their performance, and continue developing its business processes. It also promotes a more competitive industry,” he says.
Addissadikin will be speaking on the topic of Export with Absolute Confidence.
“I will be sharing some general views on several markets across the globe in terms of economic, political and legal systems; our views on the key success factors in cross border trade, and also about the available funding and risk mitigation tools available in the market including Exim Bank's offerings,” he says.
He adds SMEs can export with confidence only if they are aware of the risks that they face, and if they are equipped with the proper risk mitigating tools to venture into such businesses.
BAM's Chong will be speaking about Brilliance Through Branding, which he says will be an interesting topic.
“My topic not only discusses the importance of branding for business organisations, it also reveals branding strategies that can truly work wonders for SMEs,” Chong says.
Without brand building, it is hard for a brand to be differentiated. He says, “When a name becomes branded', more consumers will be drawn to it. It is always easier to do business when customers look for you than if you have to constantly look for customers.”
Ranganathan will be speaking on the topic of The Role of Media in Building Brands. He acknowledges that media plays a critical role in brand building. He will be talking about how to leverage media well to build brands and drive growth.
“With the media options available today, the world is their market place. How SMEs communicate to their customers will dictate the pace at which their business grows. Smart deployment of media spending is a blend of sophisticated art and science,” Ranganathan says.
“Franchising The Way Forward” is Abdul Malik's topic. “The number of existing franchises in Malaysia has increased by almost 200% over the last 15 years,” Abdul Malik says.
42 local franchise brands have established their presence in over 51 countries. “It is evident that our very own franchise brands are able to compete with foreign brands,” he says.
He concludes that with adequate training, financing, incentives and brand development among other supporting programmes, SMEs can make significantly advance in the international market arena.
This year's SOBA sees some significant enhancements. For one thing, the awards are divided into two broad categories the top-of-the-class awards and outstanding achievement awards. There are eight sub-categories for top-of-the-class awards and three for the outstanding achievement awards.
Now in its third year, the awards will reward winners with almost RM1mil worth of advertising space and airtime.
Exim Bank is the presenter of the awards, and is supported by Bursa Malaysia. The Royale Chulan Kuala Lumpur is the official hotel partner. Red Tomato is the official Chinese newspaper, while the official radio stations are 988FM and RedFM. The awards auditor is BDO.
For more information on SOBA and the workshops, call 03-7967 1388 ext 1244/1237/1475.
Good response to Exim Bank's US$500m bonds
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/8EXIM/Article/
Published: Saturday June 9, 2012
EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) has announced the successful offering of its inaugural US$500 million (RM1.59 billion), 5.5-year fixed rate notes, issued pursuant to its US$1.5 billion (RM4.77 billion) multicurrency medium-term note programme.
In a statement yesterday, it said the notes are priced at T+218bps following an accelerated bookbuilding process at a yield of 2.895 per cent, the lowest yield ever achieved by a Malaysian issuer in a comparable issuance.
The deal attracted interest from a diverse group of domestic and international investors with a strong order book of approximately US$3 billion from more than 180 investors.
The bank said the proceeds from this bond would be used to finance its general corporate purposes.
The deal was priced at the tighter end of the revised price guidance considering its credit ratings.
"The ratings are on par with Malaysian sovereign ratings, by virtue of the strong government ownership and support by the Malaysian government," it said.
The "A-" and "A3" ratings by Fitch Ratings and Moody's respectively, also reflect its strong capitalisation ratios, easy access to liquidity and its important policy role. Bernama
Published: Saturday June 9, 2012
EXPORT-IMPORT Bank of Malaysia Bhd (Exim Bank) has announced the successful offering of its inaugural US$500 million (RM1.59 billion), 5.5-year fixed rate notes, issued pursuant to its US$1.5 billion (RM4.77 billion) multicurrency medium-term note programme.
In a statement yesterday, it said the notes are priced at T+218bps following an accelerated bookbuilding process at a yield of 2.895 per cent, the lowest yield ever achieved by a Malaysian issuer in a comparable issuance.
The deal attracted interest from a diverse group of domestic and international investors with a strong order book of approximately US$3 billion from more than 180 investors.
The bank said the proceeds from this bond would be used to finance its general corporate purposes.
"The ratings are on par with Malaysian sovereign ratings, by virtue of the strong government ownership and support by the Malaysian government," it said.
The "A-" and "A3" ratings by Fitch Ratings and Moody's respectively, also reflect its strong capitalisation ratios, easy access to liquidity and its important policy role. Bernama
Friday, June 8, 2012
Malaysia's Exim Bank expands into India
Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/8/business/11437043&sec=business
Published: Friday June 8, 2012
MUMBAI: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade, especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
“It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries,” Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here yesterday.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Through this financing scheme, Exim Bank seeks to improve the competitiveness of Malaysia's products internationally.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well. - Bernama
Published: Friday June 8, 2012
MUMBAI: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade, especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
“It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries,” Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here yesterday.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Through this financing scheme, Exim Bank seeks to improve the competitiveness of Malaysia's products internationally.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well. - Bernama
Thursday, June 7, 2012
Malaysia's Exim Bank expands to India
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120607143216/Article/index_html
Published: 2012/06/07
MUMBAI: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
"It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries," Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Through this financing scheme, Exim Bank seeks to improve the competitiveness of Malaysia's products internationally.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well.
Palm oil plays a significant role in the trade structure between the two countries. Malaysia exported more than 1.82 million tonnes of palm oil products to India in 2011, valued at RM6.03 billion.
Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok, who is on a five-day working visit to India, witnessed the signing of the collaboration. -- BERNAMA
Published: 2012/06/07
MUMBAI: Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
"It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries," Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well.
Palm oil plays a significant role in the trade structure between the two countries. Malaysia exported more than 1.82 million tonnes of palm oil products to India in 2011, valued at RM6.03 billion.
Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok, who is on a five-day working visit to India, witnessed the signing of the collaboration. -- BERNAMA
Malaysia's Exim Bank Expands Into India
Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=671420
Published: June 07, 2012 19:25 PM
By Saraswathi Muniappan
MUMBAI, June 7 (Bernama) -- Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
"It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries," Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Through this financing scheme, Exim Bank seeks to improve the competitiveness of Malaysia's products internationally.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well.
Palm oil plays a significant role in the trade structure between the two countries. Malaysia exported more than 1.82 million tonnes of palm oil products to India in 2011, valued at RM6.03 billion.
Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok, who is on a five-day working visit to India, witnessed the signing of the collaboration.
-- BERNAMA
Published: June 07, 2012 19:25 PM
By Saraswathi Muniappan
MUMBAI, June 7 (Bernama) -- Export-Import Bank of Malaysia Bhd (Exim Bank) has signed a collaborative deal with Indian banks namely, ICICI Bank Ltd and YES Bank, to further enhance Malaysia-India trade especially for palm oil.
Through this collaboration, Exim Bank will provide credit lines to ICICI Bank, which is India's largest private sector bank and YES Bank, to facilitate the imports of goods from Malaysia.
"It is hoped with this enabling financing infrastructure, Exim Bank can partake in increasing the movement of goods and services between the two countries," Exim Bank managing director and chief executive officer, Datuk Adissadikin Ali said in a statement here.
Although, the facility is open to all manufactured goods and commodities from Malaysia, it is envisaged that palm oil will be among the leading sector that will benefit from the scheme in view of the importance of Indian market to Malaysia's palm oil.
Through this financing scheme, Exim Bank seeks to improve the competitiveness of Malaysia's products internationally.
Subsequent to the deal in India, Exim Bank is expected to replicate the scheme in other economies as well.
Palm oil plays a significant role in the trade structure between the two countries. Malaysia exported more than 1.82 million tonnes of palm oil products to India in 2011, valued at RM6.03 billion.
Minister of Plantation Industries and Commodities Tan Sri Bernard Dompok, who is on a five-day working visit to India, witnessed the signing of the collaboration.
-- BERNAMA
Wednesday, June 6, 2012
Peluang usahawan Sabah (Agrobank)
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/PeluangusahawanSabah/Article/index_html
Published: 6 Jun 2012
LANCAR...Nor Mohamed (dua dari kiri)
USAHAWAN di Sabah seharusnya mengambil peluang keemasan dengan
penyaluran peruntukan sebanyak RM100 juta daripada RM2 bilion Dana Mudah
Cara Unit Peneraju Agenda Bumiputera (Teraju) untuk membiayai pelbagai
inisiatif pembangunan di Koridor Pembangunan Sabah (SDC) bagi tahun 2012
dan 2013.
Peruntukan itu diumumkan Menteri Di Jabatan Perdana Menteri, Tan Sri Nor Mohamed Yakcop pada majlis pelancaran Jejak 2012 Pembangunan Ekonomi dan Pelaburan Sabah (Sedia) di Sutera Harbour Resort di Kota Kinabalu semalam.
Majlis itu dirasmikan Ketua Menteri Sabah, Datuk Seri Musa Aman.
Nor Mohamed berkata, Teraju melancarkan pusat sehenti ketiganya di Sabah untuk kemudahan usahawan di negeri itu.
“Pada majlis pelancaran hari ini (semalam) kita turut menyaksikan pembiayaan sebanyak RM30,000 setiap seorang oleh Agro Bank kepada kumpulan pertama usahawan asas tani tempatan di bawah syarikat Teras yang jumlah keseluruhannya sebanyak RM243,000.
“Turut diserahkan adalah bantuan Tabung Ekonomi Kumpulan Usia Niaga (Tekun) lebih RM13 juta kepada seramai 963 usahawan mikro di negeri ini,” katanya.
Beliau berkata, bagi memesatkan lagi pembangunan industri pelancongan, pihak Kementerian Pelancongan, Kebudayaan dan Alam Sekitar negeri menandatangani memorandum persefahaman dengan Teraju untuk kepentingan usahawan Bumiputera dalam sektor pelancongan negeri ini.
Sementara itu, Musa berkata, bagi kerajaan negeri, beliau amat mengalu-alukan kedatangan Teraju ke Sabah dalam usaha membuka lebih banyak peluang perniagaan, sekali gus meningkatkan ekonomi di negeri ini.
Published: 6 Jun 2012
LANCAR...Nor Mohamed (dua dari kiri)
bersalaman dengan Musa ketika
merasmikan Jejak 2012 di Kota Kinabalu,
semalam.
Peruntukan itu diumumkan Menteri Di Jabatan Perdana Menteri, Tan Sri Nor Mohamed Yakcop pada majlis pelancaran Jejak 2012 Pembangunan Ekonomi dan Pelaburan Sabah (Sedia) di Sutera Harbour Resort di Kota Kinabalu semalam.
Majlis itu dirasmikan Ketua Menteri Sabah, Datuk Seri Musa Aman.
Nor Mohamed berkata, Teraju melancarkan pusat sehenti ketiganya di Sabah untuk kemudahan usahawan di negeri itu.
“Pada majlis pelancaran hari ini (semalam) kita turut menyaksikan pembiayaan sebanyak RM30,000 setiap seorang oleh Agro Bank kepada kumpulan pertama usahawan asas tani tempatan di bawah syarikat Teras yang jumlah keseluruhannya sebanyak RM243,000.
“Turut diserahkan adalah bantuan Tabung Ekonomi Kumpulan Usia Niaga (Tekun) lebih RM13 juta kepada seramai 963 usahawan mikro di negeri ini,” katanya.
Beliau berkata, bagi memesatkan lagi pembangunan industri pelancongan, pihak Kementerian Pelancongan, Kebudayaan dan Alam Sekitar negeri menandatangani memorandum persefahaman dengan Teraju untuk kepentingan usahawan Bumiputera dalam sektor pelancongan negeri ini.
Sementara itu, Musa berkata, bagi kerajaan negeri, beliau amat mengalu-alukan kedatangan Teraju ke Sabah dalam usaha membuka lebih banyak peluang perniagaan, sekali gus meningkatkan ekonomi di negeri ini.
Tuesday, June 5, 2012
i-Aslah Mega kemudahan perbankan bijak
PRODUK pinjaman pembiayaan peribadi i-Aslah Mega, i-Aslah Plus; i-Aslah
Prima, Bank Kerjasama Rakyat Malaysia Bhd menerima sambutan hebat sejak
dilancarkan 1 Mei lalu. Pengurus cawangan Setapak, Amirullah Abdullah
berkata, i-Aslah Mega adalah produk pembiayaan peribadi berasaskan
konsep Bai-Al’Inah.
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/i-aslah-mega-kemudahan-perbankan-bijak-1.53322
Published: 4 Jun 2012
Katanya, penambahbaikan pada produk itu termasuk tidak mengenakan yuran pemprosesan, memberi pilihan perlindungan insurans serta peluang mendapatkan pinjaman maksimum.
"Ia juga membolehkan pelanggan menikmati kadar keuntungan serendah 3.25 peratus bagi tempoh antara satu hingga tiga tahun," katanya.
Bai-Al’Inah merujuk kepada penjualan sesebuah aset oleh bank kepada pelanggan menerusi pembayaran tertunda. Kemudian, bank akan membeli semua aset itu dan membayar pelanggan dalam bentuk tunai.
Source From (Sinar Online): http://www.sinarharian.com.my/bisnes/i-aslah-mega-kemudahan-perbankan-bijak-1.53322
Published: 4 Jun 2012
Katanya, penambahbaikan pada produk itu termasuk tidak mengenakan yuran pemprosesan, memberi pilihan perlindungan insurans serta peluang mendapatkan pinjaman maksimum.
"Ia juga membolehkan pelanggan menikmati kadar keuntungan serendah 3.25 peratus bagi tempoh antara satu hingga tiga tahun," katanya.
Bai-Al’Inah merujuk kepada penjualan sesebuah aset oleh bank kepada pelanggan menerusi pembayaran tertunda. Kemudian, bank akan membeli semua aset itu dan membayar pelanggan dalam bentuk tunai.
Saturday, June 2, 2012
Nilai GDV RM9.2b - LTH
TH Properties Sdn Bhd (TH Properties) anak syarikat Lembaga Tabung
Haji (LTH) yang membangunkan Bandar Enstek di Nilai Negeri Sembilan
menganggarkan nilai pembangunan kasarnya (GDV) berjumlah RM9.2 billion
apabila bandar itu siap sepenuhnya menjelang 2025.
Pengerusi Kumpulan TH Properties, Datuk Azizan Abd Rahman berkata, setakat ini pihaknya sudah membangunkan 30 peratus daripada kawasan seluas 2,071 hektar yang merangkumi empat komponen iaitu perumahan, komersial, institusi dan taman teknologi.
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/NilaiGDVRM9_2b/Article/index_html
Published: 2012/06/02
“Pembangunan kediaman di Bandar Enstek ditumpukan kepada rumah kediaman bercampur iaitu rumah berangkai, berkembar dan banglo di kawasan seluas 706 hektar. Setakat ini lebih dari 2,500 unit rumah bercampur dijual dan menjana pendapatan melebihi RM600 juta.
"Setakat ini sambutan terhadap projek perumahan kami sangat menggalakkan dan dijangka kawasan ini bakal didiami 150,000 penduduk menjelang 2025 berbanding ketika ini seramai 10,000 penduduk,” katanya.
Beliau berkata demikian pada majlis pecah tanah Pusat Islam berharga RM4 juta di Bandar Enstek yang disempurnakan Menteri di Jabatan Perdana Menteri, Datuk Seri Jamil Khir Baharom, baru-baru ini.
Turut hadir Pengerusi Jawatankuasa Pembangunan Luar Bandar, Hal Ehwal Pengguna dan Kemudahan Awam Negeri Sembilan, Datuk Hasim Rusdi.
Selain itu, hadir sama Pengerusi LTH, Tan Sri Abi Musa Asa’Ari Mohamed Nor dan Pengarah Urusan Kumpulan dan Ketua Pegawai Eksekutif LTH, Datuk Paduka Ismee Ismail serta Pengarah Urusan Kumpulan TH Properties, Datuk Roszali Othman.
Azizan berkata, produk kediaman terkini syarikat itu di bahagian timur bandar berkenaan ialah 124 unit rumah dua tingkat berkembar ‘Rembulan’ dan 119 unit rumah berangkai dua tingkat ‘Idalia’, yang ditawarkan pada harga dari RM283,900 hingga RM622,400 seunit.
Menurutnya, 350 unit tambahan terdiri daripada rumah banglo, rumah
berkembar dan rumah berangkai dibangunkan di bahagian timur dalam tempoh
terdekat selain membina dua buah sekolah rendah dan menengah.
Mengenai projek taman teknologi, beliau berkata, kawasan seluas 524 ekar itu menghimpunkan bilangan terbesar syarikat bioteknologi tempatan dan antarabangsa.
“Kami berusaha menambah nilai pulangan kepada pelabur sesuai dengan status Bandar Enstek sebagai Bandar Pinggiran Perdana KLIA yang menampilkan reka bentuk komtemporari dan memastikan kerja pembangunan di bandar ini dilaksanakan dengan lancar," katanya.
Pengerusi Kumpulan TH Properties, Datuk Azizan Abd Rahman berkata, setakat ini pihaknya sudah membangunkan 30 peratus daripada kawasan seluas 2,071 hektar yang merangkumi empat komponen iaitu perumahan, komersial, institusi dan taman teknologi.
Source From (Harian Metro): http://www.hmetro.com.my/myMetro/articles/NilaiGDVRM9_2b/Article/index_html
Published: 2012/06/02
“Pembangunan kediaman di Bandar Enstek ditumpukan kepada rumah kediaman bercampur iaitu rumah berangkai, berkembar dan banglo di kawasan seluas 706 hektar. Setakat ini lebih dari 2,500 unit rumah bercampur dijual dan menjana pendapatan melebihi RM600 juta.
"Setakat ini sambutan terhadap projek perumahan kami sangat menggalakkan dan dijangka kawasan ini bakal didiami 150,000 penduduk menjelang 2025 berbanding ketika ini seramai 10,000 penduduk,” katanya.
Beliau berkata demikian pada majlis pecah tanah Pusat Islam berharga RM4 juta di Bandar Enstek yang disempurnakan Menteri di Jabatan Perdana Menteri, Datuk Seri Jamil Khir Baharom, baru-baru ini.
Turut hadir Pengerusi Jawatankuasa Pembangunan Luar Bandar, Hal Ehwal Pengguna dan Kemudahan Awam Negeri Sembilan, Datuk Hasim Rusdi.
Selain itu, hadir sama Pengerusi LTH, Tan Sri Abi Musa Asa’Ari Mohamed Nor dan Pengarah Urusan Kumpulan dan Ketua Pegawai Eksekutif LTH, Datuk Paduka Ismee Ismail serta Pengarah Urusan Kumpulan TH Properties, Datuk Roszali Othman.
Azizan berkata, produk kediaman terkini syarikat itu di bahagian timur bandar berkenaan ialah 124 unit rumah dua tingkat berkembar ‘Rembulan’ dan 119 unit rumah berangkai dua tingkat ‘Idalia’, yang ditawarkan pada harga dari RM283,900 hingga RM622,400 seunit.
Mengenai projek taman teknologi, beliau berkata, kawasan seluas 524 ekar itu menghimpunkan bilangan terbesar syarikat bioteknologi tempatan dan antarabangsa.
“Kami berusaha menambah nilai pulangan kepada pelabur sesuai dengan status Bandar Enstek sebagai Bandar Pinggiran Perdana KLIA yang menampilkan reka bentuk komtemporari dan memastikan kerja pembangunan di bandar ini dilaksanakan dengan lancar," katanya.
SME Bank's rejuvenation under Radzif continues
Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/Wnote/Article/
Published: 2012/06/02
TWO years ago, I sat opposite the man in a media interview, who was as calm as he is now. But this time around, the cautious expression is no longer there and Datuk Mohd Radzif Mohd Yunus appears more relaxed and cool.
Why wouldn't he? The first phase of SME Bank Bhd's restructuring exercise has been fruitful and the bank has returned to the black within two years.
For the man who engineered the bank's five-year transformation plan, the positive results from the hard work and team efforts over the past 24 months is like seeing the first flower to bloom in spring.
After two consecutive years of losses, the bank closed its 2011 financial year with a RM146.2 million profit before zakat and tax.
Its portfolio grew 8.7 per cent against 4.3 per cent in 2010, while loan approval has more than doubled to 1,380 from 635.
The bank's loan quality has improved, with weighted average risk rating of 4.7, compared with 5.0 a year ago.
It also recorded higher recovery income at RM42.8 million, up from RM32.8 million in 2010, while its bad loans dropped eight per cent to 16 per cent last year.
Yet, Radzif - the managing director of government-owned SME Bank - is not easily satisfied.
"We leave it to market expectation, but we will continue to improve to become a development financial institution of global standard," he said when asked if the public perception towards SME Bank had changed.
SME Bank, which was born following the rationalisation of Bank Pembangunan Malaysia Bhd and Bank Industri & Teknologi Malaysia Bhd seven years ago, had been receiving brickbats since 2009.
The bank was said to be plagued with delinquent loans, bad investment decisions and high staff turnover.
Radzif said based on feedbacks, the bank's improvements were noticed by the entrepreneurs and other stakeholders.
Despite the current global uncertainties following the eurozone crisis, Radzif is determined to ensure that the goals laid out in the bank's transformation plan are achieved by 2015.
SME Bank has now gone beyond providing financing to the SMEs, to being more pro-active with nurturing and intervention roles to assist entrepreneurs.
Rather than waiting for the SMEs to apply for financing, the bank identifies entrepreneurs that it can groom to be successful.
With about three years left before the end of SME Bank's transformation plan, will the bank be able to achieve its target?
Well, the answer may not be que sera sera because those who have seen Radzif's touch would have a strong faith in him.
For the man is not new to the reorganisation of government-owned entities, having successfully restructured the national heart centre IJN and also reorganised Pilgrims Fund subsidiaries.
A senior manager at SME Bank describes Radzif, who was in the banking sector in late 1980s until 1990s, as a very hardworking leader.
"This has motivated others to work hard as well," he said.
One thing for sure, the regular training for SME Bank's staff will continue as the bank strives to enhance the capabilities of its people and strengthen its business model.
Published: 2012/06/02
TWO years ago, I sat opposite the man in a media interview, who was as calm as he is now. But this time around, the cautious expression is no longer there and Datuk Mohd Radzif Mohd Yunus appears more relaxed and cool.
Why wouldn't he? The first phase of SME Bank Bhd's restructuring exercise has been fruitful and the bank has returned to the black within two years.
For the man who engineered the bank's five-year transformation plan, the positive results from the hard work and team efforts over the past 24 months is like seeing the first flower to bloom in spring.
After two consecutive years of losses, the bank closed its 2011 financial year with a RM146.2 million profit before zakat and tax.
Its portfolio grew 8.7 per cent against 4.3 per cent in 2010, while loan approval has more than doubled to 1,380 from 635.
It also recorded higher recovery income at RM42.8 million, up from RM32.8 million in 2010, while its bad loans dropped eight per cent to 16 per cent last year.
Yet, Radzif - the managing director of government-owned SME Bank - is not easily satisfied.
"We leave it to market expectation, but we will continue to improve to become a development financial institution of global standard," he said when asked if the public perception towards SME Bank had changed.
SME Bank, which was born following the rationalisation of Bank Pembangunan Malaysia Bhd and Bank Industri & Teknologi Malaysia Bhd seven years ago, had been receiving brickbats since 2009.
The bank was said to be plagued with delinquent loans, bad investment decisions and high staff turnover.
Radzif said based on feedbacks, the bank's improvements were noticed by the entrepreneurs and other stakeholders.
Despite the current global uncertainties following the eurozone crisis, Radzif is determined to ensure that the goals laid out in the bank's transformation plan are achieved by 2015.
SME Bank has now gone beyond providing financing to the SMEs, to being more pro-active with nurturing and intervention roles to assist entrepreneurs.
Rather than waiting for the SMEs to apply for financing, the bank identifies entrepreneurs that it can groom to be successful.
With about three years left before the end of SME Bank's transformation plan, will the bank be able to achieve its target?
Well, the answer may not be que sera sera because those who have seen Radzif's touch would have a strong faith in him.
For the man is not new to the reorganisation of government-owned entities, having successfully restructured the national heart centre IJN and also reorganised Pilgrims Fund subsidiaries.
A senior manager at SME Bank describes Radzif, who was in the banking sector in late 1980s until 1990s, as a very hardworking leader.
"This has motivated others to work hard as well," he said.
One thing for sure, the regular training for SME Bank's staff will continue as the bank strives to enhance the capabilities of its people and strengthen its business model.
PruBSN posts robust Q1 results
Source From (Business Times): http://www.blogger.com/PruBSN%20posts%20robust%20Q1%20results
Published: 2012/06/02
KUALA LUMPUR: Prudential BSN Takaful Bhd (PruBSN)'s annual contribution equivalent in the first quarter of 2012 increased by 28 per cent to RM63.1 million from RM49.2 million in the same quarter last year.
"I am pleased to announce a robust set of results for the first quarter of 2012, with all of our channels performing strongly and consistently," said its chief executive officer Azim Mithani.
The commendable performance, he noted, was a direct result of the company's key strategies, which included growing the number of its agents.
Azim said to date, PruBSN had a total of about 10,900 direct agents and Prudential Assurance agents, committed to serve its more than 300,000 customers nationwide.
The company also entered into a new bancatakaful relationship with
Standard Chartered Saadiq Bhd to further broaden its distribution reach,
he added.
"I am optimistic that we will be able to maintain our strong performance throughout 2012 with a continued focus on professionalism, customer service and product innovation," he said.
PruBSN, he added, would leverage on its strengths and build a wider distribution footprint for its products and services, as well as to further enhance its position as the market leader.
Moving forward, Azim said the company was constantly seeking alternative distribution channels while expanding its geographical presence across the country.
The company is also actively exploring technology and integrated advertising and brand promotion campaigns as new drivers of growth.
Published: 2012/06/02
KUALA LUMPUR: Prudential BSN Takaful Bhd (PruBSN)'s annual contribution equivalent in the first quarter of 2012 increased by 28 per cent to RM63.1 million from RM49.2 million in the same quarter last year.
"I am pleased to announce a robust set of results for the first quarter of 2012, with all of our channels performing strongly and consistently," said its chief executive officer Azim Mithani.
The commendable performance, he noted, was a direct result of the company's key strategies, which included growing the number of its agents.
Azim said to date, PruBSN had a total of about 10,900 direct agents and Prudential Assurance agents, committed to serve its more than 300,000 customers nationwide.
"I am optimistic that we will be able to maintain our strong performance throughout 2012 with a continued focus on professionalism, customer service and product innovation," he said.
PruBSN, he added, would leverage on its strengths and build a wider distribution footprint for its products and services, as well as to further enhance its position as the market leader.
Moving forward, Azim said the company was constantly seeking alternative distribution channels while expanding its geographical presence across the country.
The company is also actively exploring technology and integrated advertising and brand promotion campaigns as new drivers of growth.
Friday, June 1, 2012
PNB and LTH to be among largest investors in listing of Felda Global Ventures
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) and Lembaga Tabung Haji
(LTH) will emerge the two largest cornerstone investors in the listing
of Felda Global Ventures Holdings Bhd (FGVH) on the Main Market of Bursa
Malaysia slated for June 28.
Source From (Harian Metro): http://biz.thestar.com.my/news/story.asp?file=/2012/6/1/business/11395657&sec=business
Published: Friday June 1, 2012
Felda chairman Tan Sri Isa Samad said both investment institutions would equally holds 7.5% stake each in FGVH.
“The total local cornerstone investors that also include the Employees Provident Fund, Kumpulan Wang Persaraan, the Armed Forces Fund Board among others would hold 19.8% stake in FGVH.
“This is in line of what the Prime Minister has reiterated that the listing would not just benefit the Felda settlers but also the general public.
“As
you know the shareholders of the these cornerstone investors are made
up of various levels of the society,” he told reporters after the launch
of the FGVH prospectus by Prime Minister Datuk Seri Najib Tun Razakyesterday.
FGVH, the world third largest oil palm plantation manager, will offer 2.188 billion shares with an indicative retail price of RM4.55 per share.
Assuming that the over-allotment option of 109.4 million shares is exercised, the IPO is expected to raise a gross proceed of RM10.5bil with market capitalisation of RM16.6bil.
The total shares offered represented 63% of the company enlarged capital of 3.65 billion shares of which 1.3 billion shares were by way of an offer for sale by Felda and 980 million shares through a public issue by FGVH.
A total 1.915 billion shares would be offered to institutions. FGVH is also offering 273.61 million shares to retail investors of which 200.6 million shares would be offered to eligilble Felda settlers and employees. There are also allocations for state governments representing about 10.84% of the enlarged share capital or 395.6 million shares.
The FGVH IPO is slated to be the largest in Asia this year and the second largest in the world after Facebook.
Malayan Banking Bhd and CIMB have been appointed to undertake the listing exercise, along with Morgan Stanley, JP Morgan and Deutsche Bank.
As for foreign cornerstone investors, Mohd Isa said the total would be less than 5% of FGVH shareholding.
Some of foreign institutions mentioned were Qatar Investment, Loius Dreyfous Commodities and Vitol Group.
Mohd Isa said FGVH was confident that the over-allotment option would be exercised at the IPO as it had received overwhelming response during the pre-IPO road tour.
On the expected performance of the IPO based on the sluggish external economic environment, CIMB Investment Bank Bhd chief executive officer Datuk Charon Wardini Mokhzani said the IPO was timely as investors were looking for a safe haven especially in the emerging markets because of the eurozone crisis.
“And FGVH could be considered a safe haven as it has good track record and assets supported by good prospects,” he said.
On pro-forma basis, FGVH made a profit after tax of over RM1bil on the back of RM7.5bil revenue last year that represented a compounded annual growth rate of 61% since 2009.
The company is involved in the production of palm oil, rubber, soy, canola, sugar and oleochemicals.
Source From (Harian Metro): http://biz.thestar.com.my/news/story.asp?file=/2012/6/1/business/11395657&sec=business
Published: Friday June 1, 2012
Felda chairman Tan Sri Isa Samad said both investment institutions would equally holds 7.5% stake each in FGVH.
“The total local cornerstone investors that also include the Employees Provident Fund, Kumpulan Wang Persaraan, the Armed Forces Fund Board among others would hold 19.8% stake in FGVH.
“This is in line of what the Prime Minister has reiterated that the listing would not just benefit the Felda settlers but also the general public.
Prime
Minister Datuk Seri Najib Tun Razak launching the Felda Global Ventures
Holdings Berhad. With him (2nd from right) is Isa. - THE STAR/KEVIN TAN
FGVH, the world third largest oil palm plantation manager, will offer 2.188 billion shares with an indicative retail price of RM4.55 per share.
Assuming that the over-allotment option of 109.4 million shares is exercised, the IPO is expected to raise a gross proceed of RM10.5bil with market capitalisation of RM16.6bil.
The total shares offered represented 63% of the company enlarged capital of 3.65 billion shares of which 1.3 billion shares were by way of an offer for sale by Felda and 980 million shares through a public issue by FGVH.
A total 1.915 billion shares would be offered to institutions. FGVH is also offering 273.61 million shares to retail investors of which 200.6 million shares would be offered to eligilble Felda settlers and employees. There are also allocations for state governments representing about 10.84% of the enlarged share capital or 395.6 million shares.
The FGVH IPO is slated to be the largest in Asia this year and the second largest in the world after Facebook.
Malayan Banking Bhd and CIMB have been appointed to undertake the listing exercise, along with Morgan Stanley, JP Morgan and Deutsche Bank.
As for foreign cornerstone investors, Mohd Isa said the total would be less than 5% of FGVH shareholding.
Some of foreign institutions mentioned were Qatar Investment, Loius Dreyfous Commodities and Vitol Group.
Mohd Isa said FGVH was confident that the over-allotment option would be exercised at the IPO as it had received overwhelming response during the pre-IPO road tour.
On the expected performance of the IPO based on the sluggish external economic environment, CIMB Investment Bank Bhd chief executive officer Datuk Charon Wardini Mokhzani said the IPO was timely as investors were looking for a safe haven especially in the emerging markets because of the eurozone crisis.
“And FGVH could be considered a safe haven as it has good track record and assets supported by good prospects,” he said.
On pro-forma basis, FGVH made a profit after tax of over RM1bil on the back of RM7.5bil revenue last year that represented a compounded annual growth rate of 61% since 2009.
The company is involved in the production of palm oil, rubber, soy, canola, sugar and oleochemicals.
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