March 2011
2 posts
We’re growing in size! Accounts Executives / Assistant roles needed URGENTLY! http://bit.ly/klmcareer
We’re growing in size! Accounts Executives / Assistant roles needed URGENTLY! http://bit.ly/klmcareer
July 2010
1 post
Climate controversies: Flawed scientists
EIGHT months after a trove of e-mails from climate researchers appeared on the internet, yet another inquiry into “climategate” reported its findings on July 7th. Two days earlier the Dutch environmental-assessment agency announced the results of a report it had been asked to produce on possible errors in the most recent review by the Intergovernmental Panel on Climate Change (IPCC). Neither...
June 2010
3 posts
GN3 companies in Malaysia - ACE Market’s equivalent to PN17. Check out list of companies to not make a mistake in unit trust. http://ow.ly/231rl
New PN17 companies in Bursa. Check them out so that you won’t make a mistake in your unit trusts. http://ow.ly/231qt
BLR Rates in Malaysia: 6.05% p/a for local banks, Tokyo-Mitsu UFJ, 5.75, Royal Scotland Bank 5.75%, JP Morgan Chase 5.65% http://ow.ly/231oY
February 2010
6 posts
Businesses promoting KOOTU funds prohibited - Act...
ACT 28 KOOTU FUNDS (PROHIBITION) ACT 1971 Section 4. Registration of a business which promotes kootu funds prohibited in the States of West Malaysia. (1) There shall not be registered under the Registration of Businesses Act 1956 [Act 197] of the States of West Malaysia (hereinafter in this section referred to as “the Act”) any business which promotes or is designed to promote...
3.5 million companies registered in Malaysia, at...
Total Number of Companies and Businesses Registered Local Companies Foreign Companies Total Number of Companies Total Number of Businesses Up to 31 December 2007 795,353 4,232 799,585 3,506,539 2008 Q1 10,557 8 10,565 61,556 Q2 Q3 Q4 GRAND TOTAL 805,910 4,240 810,150 3,568,095 via...
Company in debt? Find Msia's CDRC - Corporate Debt...
Revision Will Enable More Companies to Apply to CDRC for Assistance Corporate Debt Restructuring Committee (CDRC) has revised the Eligibility Criteria for companies to be admitted into CDRC for assistance to restructure their debt obligations. The Eligibility Criteria have been revised to allow more companies to apply to CDRC for assistance. The revised Eligibility Criteria in comparison to...
Malaysia's International Reserves - Dec 2009 @...
Detailed Disclosure of International Reserves as at end-December 2009 In accordance with the IMF SDDS format, the detailed breakdown of international reserves provides forward-looking information on the size, composition and usability of reserves and other foreign currency assets, as well as the expected and potential future inflows and outflows of foreign exchange of the Federal...
Malaysia's Ultimate Tax - GST tabled for Budget...
Goods and Services Tax in Malaysia At the end of 2009, Malaysia’s prime minister Mr. Najib announced that a bill on the proposed introduction of Goods and Services Tax (“GST”) will be tabled at this year’s Budget 2010. Some indicated expectations about GST are as followed: GST is to be implemented from the 3rd quarter of 2011; The rate is set at 4%; and GST is applicable to all businesses...
Malaysia’s Ultimate Tax - See how Malaysians pay taxes at all levels for most goods sold with GST (Goods & Services) http://tr.im/gst2010
January 2010
28 posts
The IFRS-IT Connection - in the Accounting sector
The IFRS-IT ConnectionAs Canada prepares to adopt international accounting standards in 2011, accounting concerns share center stage with technology issues. With international financial reporting standards set to become the new accounting regime in Canada on January 1, 2011, most public companies there are well along in the conversion process. Their experience may prove useful to U.S....
Currency Declaration Requirement by Bank Negara -...
In line with the global effort to combat money laundering and terrorism financing, effective 1 January 2010, travellers entering or leaving Malaysia with cash and/or negotiable bearer instruments (e.g. traveller’s cheques, bearer cheques) exceeding an amount equivalent to USD10,000 must make a declaration in form Customs No. 22. The forms will be made available at counters located before...
Use the word "bank" and see what happens to you.
Banking and Financial Institutions Act 1989: Section 15(1) - Use of the word ‘bank’ or similar name without approval No. Name of Case Accused (Individual or Company Charged) Date of Conviction Punishment Fine In Default (Fine) Imprison- ment 1. BNI Agency, Kajang Lo Ching Heng [B1] (510126-10-5079) 17/04/2003 RM150,000 1...
Bursa Malaysia - Regulatory Structure
via bursamalaysia.com Posted via web from KL Management Services (NF0279) | Comment »
Will Goods and Services Tax hurt the middle to poor class citizens in Malaysia? http://tr.im/LXJG
PN17 companies in Malaysia. Updated 28th Jan 2010. http://ping.fm/t0wWR
GN3 companies in Malaysia checklist update! Updated 15th December 2009. http://ping.fm/p4s5q
TrendView - Accounting KPI/Benchmarking software?...
Benchmarking a company’s finance processes has long been a source of frustration for CFOs. Although firms like APQC and Hackett Group can supply benchmarks for a corporate peer group, a company still has to come up with a picture of its own performance — an exercise that can take weeks or months and typically involves a number of estimates. That exercise, in turn, gives rise to at least...
KPMG Audit Checklist - Awesome guide for auditors,...
Corporate audit committee members have a sizeable task in 2010 as they confront high shareholder expectations, new regulations and legislative reforms, and a tenuous economic recovery, which is why KPMG’s Audit Committee Institute has issued its ‘Ten to-do’s for audit committees in 2010’. “The year ahead is sure to test virtually every audit committee, and these to-do’s can be a...
Asian economies - Are we consuming more than we...
Invested interests China aside, most Asian economies need to invest more, not consume more Jan 21st 2010 | From The Economist print edition ASIA’S current-account surpluses have been widely (if unfairly) blamed for causing the global financial crisis. Large inflows of foreign money helped inflate America’s housing bubble, the argument runs. Many Western economists say that Asians should...
Financial Reporting FAQs' - Ask the expert
Steve Collings answers some frequently asked financial reporting questions. Q: I have a building which is carried in the balance sheet using the revaluation model. Do I have to revalue this building every year? A: FRS 15 requires valuations to be kept up to date as out of date valuations are meaningless where the revaluation model is used. FRS 15 does not require valuations to be carried out...
Dealing with Insurance agents? Make sure you know...
Deal with an agent, broker or financial adviser with the following characteristics: Good knowledge of insurance and/or takaful products Understands your needs and interests Ensures you understand what you are buying Does not over-promise or over-sell Factual, not pushy or intimidating Delivers quality and timely service Protect your...
Credit Card Tax - RM50/year. For those who missed...
KUALA LUMPUR, 21 Dec: Applicants issued with new credit and charge cards next year will have to pay the RM50 service tax upfront. For existing card holders, the charge will be imposed on the anniversary date of cards. Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah, who confirmed this with The Star yesterday, said the Government would impose the service tax for credit and charge...
A Risk Top 10 for 2010 – Risk Management →
FT.com / Investments – Bank investors urged not to... →
Key Exchange Rates – Finance in Malaysia until... →
Advice for a Young Investor – BusinessWeek (That... →
The Man Who Refuses To Pay A Dividend –... →
US Dollar equivalent of International Reserves...
Effective from 1999, all foreign assets and liabilities are revalued at the end of each quarter. The US Dollar equivalent of International Reserves was USD 96,737.4 million as at 15 January 2010.via bnm.gov.my Posted via web from KL Management Services (NF0279) | Comment »
Awesome historical OPR table from Bank Negara...
OPR Decisions & Statements The Overnight Policy Rate (OPR) to date. Overnight Policy Rate (OPR) Date Change in OPR (%) New OPR level (%) Monetary Policy Statement 26 Jan 2010 View statement 4 Mar 2010 View statement 13 May 2010 View statement 8 Jul 2010 View statement 2 Sep 2010 View statement 12 Nov...
Should the Malaysian government join Japan to...
Regulators and Practitioners Meet to Discuss on Financial Inclusion Bank Negara Malaysia and the Japan International Cooperation Agency (JICA) are jointly organising the Financial Inclusion Advisers (FIA) Programme from 18 - 22 January 2010 in Kuala Lumpur. This programme focuses on developing human capital in the area of sustainable microfinance. The programme will provide practitioners...
Bank Negara's monetary policy statement -...
Monetary Policy Statement At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to leave the Overnight Policy Rate (OPR) unchanged at 2.00 percent. The recovery in the global economy continues to gather pace, supported by continued expansionary economic policies, improved financial conditions and a strong rebound in several emerging economies. While the...
The Credit Card Act - Our credit limit also blow...
When the Credit Card Act goes into effect on Feb. 22, it will do more than eliminate sudden interest rate hikes, hefty fees and double-cycle billing. The law is also intended to end the practice of giving a credit card to anyone with a pulse. So before extending credit, companies must consider an applicant’s “ability to pay” — or their income and debt load. That means...
FT.com / Investments - Bank investors urged not to...
Bank investors urged not to sell By Steve Lodge Published: January 22 2010 18:44 | Last updated: January 22 2010 18:44 Stockbrokers are urging private investors not to sell their UK bank shares, in spite of heavy price falls after proposals for a banking clampdown in the US. Shares in Barclays, RBS and Lloyds Banking Group suffered drops of up to about 10 per cent in the...
Advice for a Young Investor - BusinessWeek (That...
I have a story up now, “Personal Finance: 20 Dos & Don’ts for 2009.” Reader “Alex” responded to my tips with a great question: I’m 22, working, and have the option to start a 401k. Seems tempting, but what about saving that 3-5K/year towards a down payment on property or other entrepreneurial paths. I’ve seen my parents’ 401k disappear. Why shouldn’t such a drop happen again to stocks by...
A Risk Top 10 for 2010 - Risk Management
After the economic turmoil of 2009, CFOs could be forgiven for trying to relax a bit. But the new year will offer plenty of reasons to stay awake at night, according to a new survey by the Corporate Executive Board (CEB). The business-research company recently asked finance executives to identify the top “hot spots” for risk in 2010. Heading the CEB’s top 10 list is strategic...
The Man Who Refuses To Pay A Dividend -...
The Man Who Refuses To Pay A Dividend Posted by: Howard Silverblatt on January 15 The day I started at Standard & Poor’s in May 1977 the S&P 500 was at 100 (99.77), as was another stock – Berkshire Hathaway, which had a $98 bid and $102 ask. The S&P closed 1977 at 95.10, Berkshire closed at $138, and as of now the index is at 1133 and Berkshire is at $97,785 – who woulda...
Key Exchange Rates - Finance in Malaysia until...
<html><body><div>http://bajet.treasury.gov.my/data/le/jp5_4.pdf” name=”plugin” height=”100%” width=”100%”><script src=”http://posterous.com/javascripts/bookmarklet2.js” type=”text/javascript”></script><div undefined=”display: none; -moz-border-radius: 5px; -webkit-border-radius: 5px;...