DOCSLIB.ORG

13 September 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
13 September 2013 REGIONAL DAILY December 26, 2012 MALAYSIA Malaysia Daybreak | 13 September 2013 Key Metrics ▌What’s on the Table… —————————————————————————————————————————————————————————————————————— FBMKLCI Index Telco - overall - Opportunity calls with GST 1,850 The likely introduction of the goods and services tax (GST) should be positive 1,800 for the mobile carriers as they would no longer have to absorb the 6% sales tax 1,750 for prepaid users. DiGi would benefit the most as 71% of its revenues are 1,700 prepaid vs 58% at Celcom and 55% at Maxis. The sector and our stock calls 1,650 remain a Neutral across the board despite this potential development as the 1,600 impact would be limited. Assuming that the telcos are able to recover only half 1,550 the tax since we think that some consumers would reduce their usage when Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 GST is imposed, we estimate a 3-6% lift for CY15 core net profit and 3-5% for ——————————————————————————— target prices. M1 is our top pick in the region. FBMKLCI Dry Bulk Shipping - Will the capesize rally spread? 1772.4 3.92pts 0.22% SEP Futures OCT Futures 1765 - (-0.34%) 1766 - (1.00%) The BDI rally over the past month has narrowly focused on capesizes, driven by ——————————————————————————— robust Chinese restocking of iron ore. Capesize rates should rise for a couple Gainers Losers Unchanged more weeks, supported by good steel demand in China, though the action may 418 291 326 ——————————————————————————— not spread to the smaller vessels. We stay Neutral on the sector, with Pacific Turnover Basin and Maybulk as top picks as they are fundamentally strong and trading 1457.82m shares / RM1752.682m below their SOP. Stock catalysts include a gradual but broad recovery in dry 3m avg volume traded 1620.87m shares 3m avg value traded RM2080.41m bulk rates from 2014. We have an Underperform call on PSL on valuation ——————————————————————————— grounds, and particularly highlight STXPO as our top sell as it is technically Regional Indices insolvent. We lower our target for STXPO to W295 (from W1,380) in this FBMKLCI FSSTI JCI SET HSI report. 1,772 3,121 4,357 1,398 22,954 ———————————————————————————————— Market Indices Close % chg YTD % chg FBMKLCI 1,772.40 0.2 4.9 ▌News of the Day… FBM100 12,038.21 0.2 6.5 —————————————————————————————————————————————————————————————————————— FBMSC 14,883.23 0.6 29.6 • EPF and KWAP are net buyers of shares during their recent declines FBMMES 5,117.49 0.4 21.4 Dow Jones 15,300.64 (0.2) 16.8 • Global sugar prices may fall 68% NASDAQ 3,715.97 (0.2) 23.1 • Salcon to sell its Chinese water concessions, focus on properties FSSTI 3,121.08 0.4 (1.5) FTSE-100 6,588.98 0.0 11.7 • Altel Communications defends its award of spectrum Hang Seng 22,953.72 0.1 1.3 JCI 4,356.61 0.2 0.9 • Richard Branson’s Virgin enters Malaysia’s telecom market KOSPI 2,004.06 0.0 0.4 • Khazanah sells Time Engineering to Censof Holdings Nikkei 225 14,387.27 (0.3) 38.4 PCOMP 6,195.61 (0.3) 6.6 • Malton edges closer to take over Pusat Bandar Damansara complex SET 1,397.90 (0.9) 0.4 • Narra to become a division of Hong Leong Group Shanghai 2,255.60 0.6 (0.6) Taiwan 8,225.36 0.2 6.8 Top Actives Close % chg Vol. (m) SOLID AUTOMOTIVE 0.640 14.3 110.6 PESONA METRO 0.475 (5.9) 80.8 PATIMAS COMPUTER 0.040 14.3 33.6 JAKS RESOURCES 0.535 5.9 33.6 LFE CORP 0.275 111.5 32.9 SILVER BIRD 0.105 10.5 27.4 CHINA STATIONERY 0.205 (2.4) 24.2 INTEGRATED RUBBER 0.390 (1.3) 22.5 Economic Statistics Close % chg US$/Euro 1.3297 (0.02) RM/US$ (Spot) 3.2773 (0.05) RM/US$ (12-mth NDF) 3.3380 (0.10) OPR (% ) 3.00 0.33 BLR (% , CIMB Bank) 6.60 0.00 GOLD ( US$/oz) 1,323 0.10 WTI crude oil US spot (US$/barrel) 108.60 0.97 CPO spot price (RM/tonne) (0.67) 2,363 ———————————————————————————————————————— Terence WONG CFA T (60) 3 20849689 E [email protected] Sources: CIMB. COMPANY REPORTS IMPORTANT DISCLOSURES, INCLUDING ANY REQUIRED RESEARCH CERTIFICATIONS, ARE PROVIDED AT THE END OF THIS REPORT. Sources: CIMB. COMPANY REPORTS Daybreak Malaysia September 13, 2013 Global Economic News… The US budget deficit narrowed to US$147.9bn in Aug (-US$190.5bn in Aug 2012) from a year earlier as a stronger job market boosted revenue, propelling the world’s largest economy toward its smallest annual shortfall since 2008. The median estimate in a Bloomberg survey of 19 economists was for a US$146bn deficit in Aug. Revenue rose 3.6% yoy to US$185.4bn while spending totaled US$333.3bn compared with US$369.4bn a year earlier. In the 11 months through the fiscal year that ends 30 Sep, the deficit was US$755.3bn, the narrowest for that period in five years. (Bloomberg) The Bloomberg Consumer Comfort Index rose to -32.1 in the week ended 8 Sep from -32.3, suggesting that confidence among American consumers stabilized last week after four straight declines even as their views of the economy deteriorated. The drop was within the survey’s margin of error of 3% pts. (Bloomberg) US jobless claims declined by 31,000 to 292,000 in the week ended 7 Sep, the lowest level since Apr 2006 as work on computer systems in two states caused those employment agencies to report fewer applications. The median forecast in a Bloomberg survey called for 330,000 applications. The four-week moving average of claims, a less volatile measure than the weekly figures, fell to 321,250 last week, the lowest since Oct 2007, from 328,750. The number of people continuing to receive jobless benefits dropped by 73,000 to 2.87m in the week ended 31 Aug. (Bloomberg) US import price index was unchanged in Aug (+0.1% in Jul). The median forecast called for a 0.5 percent advance. The cost of imported goods minus fuels fell 0.2% (-0.4% in Jul). Prices of autos made overseas fell 0.1%. (Bloomberg) Euro-area industrial output contracted 1.5% mom in July (+0.6% in Jun) as manufacturers struggled to shake off the legacy of a record-long recession. That’s more than the 0.3% contraction forecast by economists. In the year, output fell 2.1%. (Bloomberg) Japan's core machinery orders were unexpectedly flat in July (-2.7% in Jun). It was weaker than a median market forecast for a 2.4% increase, Cabinet Office data showed on Thursday. (Reuters) Japan's prime minister has decided to hike the nation's sales tax to 8% in Apr next year from the current 5%, but will soften the blow with a US$50bn (RM163.5bn) stimulus package aimed at protecting a budding economic recovery, reports said yesterday. Parliament has already passed a law to hike the rate but Abe has yet to make a decision on whether to enact it amid concerns higher taxes will hit consumer demand and blunt a nascent recovery in Japan. The reports from the Kyodo and Jiji Press news agencies yesterday did not make clear if another scheduled tax rise to 10% by late 2015 was still in the pipeline. 2 Daybreak Malaysia September 13, 2013 However, Abe will also launch a fresh economic package worth about ¥5tr (RM164.4bn) to cushion the increase, the news agencies and top-selling daily Yomiuri said, with Kyodo citing a source close to the prime minister. Abe is expected to formally announce the plan on 1 Oct at the earliest, they said. (AFP) Australia's jobless rate edged up to 5.8% in Aug (5.7% in Jul), a level not seen since the global financial crisis, with the sluggish economy shedding 10,800 jobs as the mining investment boom unwinds. It was in line with forecasts. (AFP) Bank Indonesia raised its benchmark reference rate by 25bps to 7.25% yesterday, confounding expectations it would leave rates unchanged. The central bank raised the overnight deposit facility rate, or FASBI, by 25bps to 5.50%, to help prop up the ailing rupiah. Eight out of 11 analysts surveyed by Reuters expected Bank Indonesia to hold the benchmark reference rate steady at 7%. (Reuters) The Philippine central bank held its benchmark rate and the rate on its special deposit account (SDA) facility steady yesterday, as fully expected because inflation is slowing and economic growth remains strong. The overnight borrowing rate has been kept at a record low 3.5% since Dec 2012, while the SDA rate has been unchanged since Jun at 2%. (Reuters) Indian industrial production unexpectedly rose 2.6% yoy in July (-1.8% in Jun). The median of 28 estimates in a Bloomberg News survey was for a 0.9% fall. (Bloomberg) Malaysian Economic News… Bank Negara does not foresee a higher inflation rate following the rise of fuel prices, as the global economy was still growing modestly, Governor Tan Sri Dr Zeti Akhtar Aziz said yesterday. “If global commodity prices, including fuel prices, increase substantially, then of course it would contribute to higher inflation, and when fuel prices increase, it is a global price that is beyond our control. There are limits to which the government can support. Any government in the world that tries to contain such price increases through subsidies will finally experience a financial burden that is not sustainable," she said.
Load more

Recommended publications
  • The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds
    Seattle Pacific University Digital Commons @ SPU Honors Projects University Scholars Spring 6-7-2021 The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds Chea-Mun Tan Seattle Pacific University Follow this and additional works at: https://digitalcommons.spu.edu/honorsprojects Part of the Economics Commons, and the Political Science Commons Recommended Citation Tan, Chea-Mun, "The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia's 2018 General Elections and the Case for Sovereign Wealth Funds" (2021). Honors Projects. 131. https://digitalcommons.spu.edu/honorsprojects/131 This Honors Project is brought to you for free and open access by the University Scholars at Digital Commons @ SPU. It has been accepted for inclusion in Honors Projects by an authorized administrator of Digital Commons @ SPU. The 1Malaysia Development Berhad (1MDB) Scandal: Exploring Malaysia’s 2018 General Elections and the Case for Sovereign Wealth Funds by Chea-Mun Tan First Reader, Dr. Doug Downing Second Reader, Dr. Hau Nguyen A project submitted in partial fulfillMent of the requireMents of the University Scholars Honors Project Seattle Pacific University 2021 Tan 2 Abstract In 2015, the former PriMe Minister of Malaysia, Najib Razak, was accused of corruption, eMbezzleMent, and fraud of over $700 million USD. Low Taek Jho, the former financier of Malaysia, was also accused and dubbed the ‘mastermind’ of the 1MDB scandal. As one of the world’s largest financial scandals, this paper seeks to explore the political and economic iMplications of 1MDB through historical context and a critical assessMent of governance. Specifically, it will exaMine the economic and political agendas of former PriMe Ministers Najib Razak and Mahathir MohaMad.
    [Show full text]
  • For Review Purposes Only
    ONLY PURPOSES REVIEW FOR Understanding the Dewan Rakyat Copyright © Konrad-Adenauer-Stiftung & Insight News Sdn Bhd. 2011 All rights reserved. No part of this book may be used or reproduced in any manner whatsoever without written permission from the Publisher except in case of brief quotations embodied in critical articles and reviews. Earlier versions of MP Watch: Eye on Parliament reports have appeared in The Nut Graph website exclusively. Images contained in this volume are courtesy and property of The Nut Graph, the interviewees and/or other sources respectively. Permission to reproduce the aforementioned and previously published material is gratefully ONLY acknowledged. FIRST EDITION: March 2011 Published by B-2-19, Merchant Square, Jalan Tropicana Selatan 1, PJU 3, 47410 Petaling Jaya, Selangor Darul Ehsan, Malaysia E-mail: [email protected] Website: www.zipublications.com.my ISBN 978-967-5266-18-8 Layout & cover design by creativetrees.blogspot.com /REVIEW [email protected] Perpustakaan Negara Malaysia Cataloguing-in-Publication Data Understanding the Dewan Rakyat / The Nut Graph FOR ISBN 978-967-5266-18-8 1. Malaysia – Politics and government. I. Title. 344.07409595 Printed in Malaysia by Vinlin Press Sdn. Bhd. No. 2, Jalan Meranti Permai 1, Meranti Permai Industrial Park, Batu 15, Jalan Puchong, 47100 Puchong, Selangor, Malaysia Contents West Malaysia Constituencies Map 10 East Malaysia Constituencies Map 12 Foreword 14 Introduction 16 ONLY Part I Knowing Malaysia’s Parliamentary Democracy 20 System of governance and the role of Parliament 21 Malaysia’s electoral system 24 The work of an MP 30 Funding our MPs 38 The speaker: Functions and powers 42 PURPOSES Part II Knowing Malaysia’s MPs 54 MP Watch: who replied, who didn’t, and why 55 MPs and the ISA 63 MPs and the Islamic state issue 68 MPs and freedom of information 72 MPsREVIEW and separation of powers 77 The challenges of being an MP 81 MPs and lawmaking 88 FORStr engthening parliamentary democracy 93 Part III 222 MP Profiles 100 Perlis P.
    [Show full text]
  • Captures Asean
    CARI CAPTURES • ISSUE 230 03 AUGUST 2015 CARI ASEAN CAPTURES REGIONAL 01 CABINET RESHUFFLE ADDS TWO MINISTERS MALAYSIA Malaysian Cabinet 2015 New Ministers Ministers with 8 New Portfolios 11 Ministers Dropped 5 Malay Mail Online Since Malaysia’s last cabinet reshuffle in June 2014, the total Tan Sri Muhyiddin Yassin, former Domestic Trade, Cooperatives number of ministers rose by two, bringing the new total to 37. and Consumerism Minister Datuk Seri Hasan Malek, former Rural and Regional Development Minister Datuk Seri Mohd Shafie Apdal, The increase in cabinet size can be attributed to the creation of amongst others from the Prime minister’s cabinet an extra minister position within the Prime Minister’s personal The reshuffle came as the Prime Minister has come under criticism department, and the addition of another Minister of International from members of his party and the public for his handling of the Trade and Industry; MCA Secretary-General Datuk Seri Ong Ka Chuan allegations of abuse of public funds linked to troubled state investor was appointed to be the second Minister of International Trade and 1Malaysia Development Berhad (1MDB) Industry, whilst Datum Seri Azalea Othman Said is to be the additional minister within the Prime Minister’s Department The reshuffle also saw the departure of former Deputy Prime Minister The Star (28 July 2015) CARI CAPTURES • ISSUE 230 03 AUGUST 2015 BRITAIN - INDONESIA REAFFIRM EFFORTS AGAINST ISLAMIC 02 STATE GROUP INDONESIA UK Following a meeting between Prime Minister David Cameron and The heads of state agreed to step up joint efforts in tackling the President Joko Widodo, both countries have voiced their concerns terrorist threat, with Britain providing a package of counter-terrorism surrounding the threat posed by Islamic State Militants.
    [Show full text]
  • The Discourse of Anti- Profiteering and Law Enforcement in Goods and Services Tax (Gst) News Reports
    Kajian Malaysia, Vol. 37, No. 2, 2019, 21–47 APPREHENDING THE CULPRITS: THE DISCOURSE OF ANTI- PROFITEERING AND LAW ENFORCEMENT IN GOODS AND SERVICES TAX (GST) NEWS REPORTS Ong Cheng Teik1* and Hajar Abdul Rahim2 1School of Education, Languages and Communications, Wawasan Open University, Pulau Pinang, MALAYSIA 2School of Humanities, Universiti Sains Malaysia, Pulau Pinang, MALAYSIA *Corresponding author: [email protected] Published online: 20 November 2019 To cite this article: Ong, C.T. and Hajar Abdul Rahim. 2019. Apprehending the culprits: The discourse of anti-profiteering and law enforcement in goods and services tax (GST) news reports. Kajian Malaysia 37(2): 21–47. https://doi.org/10.21315/km2019.37.2.2 To link to this article: https://doi.org/10.21315/km2019.37.2.2 ABSTRACT A series of false starts and deferments since the 1980s preceded the eventual implementation of the goods and services tax (GST) in Malaysia on 1 April 2014 amidst adverse economic conditions, public resentment and hostility from certain quarters. In order to neutralise such negative reception, the former Barisan Nasional (BN) government embarked on a series of initiatives, programmes and campaigns to educate the public on the benefits of the GST to the country, one of which was the setting up of GST Malaysia Info, a website whose original aim was to disseminate positive news and to promote the GST to the public. As the recent implementation of the GST bore on all sections of the Malaysian society, a Critical Discourse Analysis (CDA) of selected news articles on the website was carried out to uncover the various discourses related to the GST to portray the government’s position on the issue of the GST.
    [Show full text]
  • Perdana Library Perdana Leadership Foundation Newspaper Clipping
    PERDANA LIBRARY PERDANA LEADERSHIP FOUNDATION NEWSPAPER CLIPPING Newspaper The Sun Date 29 July 2015 Najib said the King had given his resources and environment), Datuk Seri consent on the new Cabinet in line with Mahdzir Khalid (education), Senator the Federal Constitutioa Datuk Seri Dr Mohd Salleh Said Keruak He said the new line-up will continue (communication and multimedia), Datuk to focus on the country"s development Azalina Othman Said (Prime Minister"s efforts as promised by Barisan Nasional in Department) and Datuk Seri Ong Ka the last general election. Chuan (intemational trade and industry The ones dropped from the new line- H). up are former MIC president Datuk Seri The Education Ministry is split into G. Palanivel (natural resources and two ministries with the education PUTRAJAYA: Prime Minister Datuk Seri environment), Datuk Seri Shafie Apdal portfolio going to Datuk Seri Mahdzir Najib Abdul Razak yesterday unveiled a (rural and regional development), Datuk Khalid and Datuk Seri Idris Jusoh is given new Cabinet, ending strong speculation Seri Hasan Malek (domestic trade, the higher education minister post. and rumours over the last few days. cooperatives and consumerism) and Publie Accounts Committee chairman Datuk Seri Ahmad Zahid Hamidi Datuk Dr Ewon Ebin (science, technology Datuk Nur Jazlan Mohamed is now the replaces Tan Sri Muhyiddin Yassin as the and innovation). deputy home minister. new deputy prime minister, which "I can accept dififerences of opinion "BN was founded on the principles of accordmg to Najib, was done due to and criticism. However, members of the unity. That is the hallmark of this nation - political and administrative needs.
    [Show full text]
  • 31 July 2013
    REGIONAL DAILY December 26, 2012 MALAYSIA Malaysia Daybreak | 31 July 2013 Key Metrics ▌What’s on the Table… —————————————————————————————————————————————————————————————————————— FBMKLCI Index Cuscapi - Time to REV up 1,850 Last week, we arranged a meeting for institutional funds to meet up with 1,800 Cuscapi’s management. There were some positive surprises for us at the 1,750 meeting. Investors thought the company’s new interactive tablet, REV, has 1,700 great potential but execution would be the key factor. We maintain our 1,650 Outperform call and target price of RM0.54, based on 21x 2014 P/E, its 2-year 1,600 average forward P/E. Its P/E premium over the market is backed by a 37.2% 1,550 3-year EPS CAGR. Migration to the Main Board in Aug and stronger demand Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 for REV should provide re-rating catalysts. ——————————————————————————— Perisai Petroleum - Crossing the Rubicon(e)? FBMKLCI 1795.08 -3.70pts -0.21% While a decision on a contract extension for Perisai's MOPU Rubicone has yet JUL Futures AUG Futures 1797.5 - (-0.11%) 1799 - (1.00%) to be reached, we think that the odds of at least a 1-year extension are positive ——————————————————————————— after meeting with management yesterday. But in the event of a non-extension, Gainers Losers Unchanged there is no shortage of regional jobs. Separately, Perisai is set to make its 299 436 323 ——————————————————————————— maiden moves into the FPSO and drilling segments. We continue to value the Turnover stock at 15.6x CY14 P/E, a 30% discount to the average P/E of oil & gas big-caps.
    [Show full text]
  • Scandal, and Its Impact on Malaysian Domestic Politics
    POLITIKA: Jurnal Ilmu Politik Vol.11, No. 2, 2020 doi: 10.14710/politika.11.2.2020.198-218 1MDB (1 Malaysia Development Berhad), Scandal, and Its Impact on Malaysian Domestic Politics Ali Maksum Department of International Relations, Universitas Muhammadiyah Yogyakarta Recieved: 11 Desember 2019 Revised: 14 Januari 2020 Published: 20 Oktober 2020 Abstrak: This article examines the publicly discussed 1 Malaysia Development Berhad (1MDB) scandal and its impact on Malaysian domestic politics. Following this case, Najib Razak as prime minister of Malaysia was under pressure. This is because of the strong allegation of Najib Razak’s involvement in the 1MDB scandal. This issue became public discourse after the widely report made by New York-based media Wall Street Journal concerning Najib’s abuse on the corporate asset. The scandal not only shakes Najib’s political coalition but also indirectly has provoked public distrust against him including from his political Guru, Mahathir Muhammad. Dr Mahathir openly accuses Najib’s behaviour and declare to quit from his longest loyal party, UMNO. Later on, this scenario has created a new political landscape in Malaysia. Therefore, this article attempts to examine the new Malaysian political landscape specifically the relationship of BN and the opposition vis-à-vis Mahathir political alliance. Nevertheless, history has witnessed that in the last election, Pakatan Harapan won the most dramatical election ever since the independence of Malaysia and UMNO-BN has lost the power. Yet, the political scenario surrounding 1MDB scandal and the relationship between UMNO-BN vis-à-vis other parties became one of the stories that always trigger public discourse, even until today.
    [Show full text]
  • Malaysia-SUARAM Document Overview – Sedition Cases
    Document of Suara Rakyat Malaysia (SUARAM) Sedition case in Malaysia (2010 - 2014) September 11, 2014 Year 2010 Investigation 1. Hassan Skodeng (aka Irwan Abdul Rahman) / Blogger / Sept 10 Hassan was charged under sedition after posting a blog piece poking fun at power firm Tenaga Nasional Bhd entitled "TNB to sue WWF over Earth Hour". The charge against him was later dropped. 2. Wee Meng Chee (aka Namewee) / Musician & Film maker / August 10 He was investigated for sedition after posting a YouTube video named "Nah" which drew allegations he was stirring up ethnic tensions in Malaysia. 3. Badrul Hisham Shaharin aka Chegubard / PKR supreme council member / 10 July 10 Badrul Hisham was detained under the Sedition Act in relation to a posting on his blog about the Yang-di-Pertuan Agong and the royal institution. Charges 4. Zulkiflee SM Anwar Ulhaque (aka Zunar) / Cartoonist / charge on 24 Sept 10 He was arrested and charged for sedition for publishing book Cartoon-O-Phobia deemed detrimental to public order. 5. Hawee Othman / Bookstore owner / charge on 21 Aug 2010 She was charged under sedition for selling a monthly magazine titled "Isu Dalam Karton" published by cartoonist Zulkifli Anwar Ulhaque. Page | 1 Document of Suara Rakyat Malaysia (SUARAM) Sedition case in Malaysia (2010 - 2014) September 11, 2014 Year 2011 Investigation 1. Abdul Aziz Bari / Law professor at the Universiti Islam Antarabangsa / Oct 11 He was investigated under the Sedition Act and the Communications and Multimedia Act for his comments made in reaction to the Selangor Sultan's decree on JAIS search on a church in Petaling Jaya.
    [Show full text]
  • Cabinet Ministers Take Oath of Office Bernama 16 May, 2013 KUALA
    Cabinet Ministers Take Oath Of Office Bernama 16 May, 2013 KUALA LUMPUR, May 16 (Bernama) -- Tan Sri Muhyiddin Yassin today led ministers and deputy ministers in the swearing-in ceremony before the Yang di-Pertuan Agong Tuanku Abdul Halim Shah Mu'adzam at the Istana Negara. Muhyiddin took the oat of office and allegiance as deputy prime minister and education and higher learning minister I at the ceremony which started at 10.10am. He later signed the official document of appointment before Chief Justice Tun Arifin Zakaria and the Chief Secretary to the Government Datuk Seri Dr Ali Hamsa. Also present were Raja Permaisuri Agong Tuanku Hajah Haminah, Prime Minister Datuk Seri Najib Tun Razak and his wife, Datin Seri Rosmah Mansor, and former prime minister Tun Abdullah Ahmad Badawi. This was followed by six senior ministers, namely Datuk Seri G Palanivel (natural resources and environment minister), Datuk Seri Mohamed Nazri Abdul Aziz (tourism and culture minister), Datuk Seri Hishammuddin Tun Hussein (defence minister as well as acting transport minister), Datuk Seri Mohd Shafie Apdal (rural and regional development minister), Datuk Seri Mustapa Mohamed (international trade and industry minister), and Datuk Dr Maximus Johnity Ongkili (energy, green technology and water minister). Four batches of ministers and deputy minister followed suit. They were Datuk Seri Douglas Uggah Embas (plantation industries and commodities minister), Datuk Seri Ahmad Zahid Hamidi (home minister), Datuk Seri Ahmad Shabery Cheek (communication and multimedia minister), Datuk Seri S.Subramaniam (health minister), Datuk Seri Ismail Sabri Yaakob (agriculture and agro-based industry minister), and Datuk Seri Ahmad Husni Mohamad Hanadzlah (second finance minister).
    [Show full text]
  • SSM Annual Report 2014
    LAPORAN TAHUNAN 2014 The Ease of Doing Business Index report issued by The World Bank, too, has ranked Malaysia at 18th place, compared to 20th position previously. Moreover, in the IMD World Competitiveness Yearbook 2014 report, Malaysia’s ranking has risen to 12th position from No. 15. The Hon. Dato’ Sri Mohd Najib bin Tun Abdul Razak Prime Minister of Malaysia (Source : The Hon. Prime Minister’s Speech at the Launch of the Reports for the 2014 GTP (Government Transformation Program) and ETP (Economic Transformation Program)) 2 SSM’s VISION STATEMENT To Be A World Class Corporate Registry And Regulatory Authority That Meets Business Needs Through Effective Registration, Information, Regulation And Advice. STRATEGIC THRUSTS 1. Promoting and driving good governance to enhance a conducive business environment. 2. Delivering innovative products and services to meet stakeholder needs. 3. Providing superior service delivery COVER through operational excellence. CONCEPT 4. Generating synergies through strategic collaborations. Inspiring Transformation 5. Evolving to a ‘knowledge driven organisation’ to develop competitive The concept of the triangle reflected in the cover design of the annual report resembles intelligence. the inherent strength of SSM. The triangular element is inspired by the pyramidal shape 6. Driving high performance culture which represents tenacity, strength, security, through capacity and capability building. determination, vivacity and integrity in developing an excellent organisation. 7. Optimising ICT to enhance efficiency, This triangular element is also depicted as effectiveness and enterprise agility. a constant forward movement to achieve excellence and inspire transformation towards growth and expansion of the Malaysian economy at both the domestic and international levels.
    [Show full text]
  • Our Strong Brand Presence Comes from Having
    Our strong brand presence comes from having the abilities and capabilities to deliver superior customer service and sustaining uncompromising standards to ensure we exceed expectations at all times. Delivering In Everything We Do Creating an unmatched legacy in banking and finance, we have grown to become a respected financial institution in Malaysia and remained Your Choice Bank for the past 60 years. Building Through 60 Years of Progressive Growth Our commitment has and will always be on our customers, focusing our attention and energy to create and offer the right products and financial tools whilst providing outstanding value through services. Cultivating For Our Diverse Customers Everywhere The unique synergistic strengths of our people, resounding strategies and product diversification are key factors that have led to our unprecedented expansion and promising growth. Optimising Through Synergistic Strengths Our accomplishments have earned us a reputation for excellence. Exploring new ways in order to move forward, we will embrace opportunities and harness possiblities to strengthen our position and ensure a sustainable future for the Bank, its stakeholders and shareholders. Creating For A Sustainable Future SUSTAINABILITY EXCELLENCE GROWTH INNOVATION VALUE FORTITUDE COMMITMENT COVER RATIONALE More than just about being a bank, we are a leading multinational financial services group that believes in delivering more through everything we do. Our 60 years of commitment has proved to be fruitful and we are now reaping the rewards together. But it doesn’t stop here, we will continue to innovate and improvise, undertake new initiatives, find new ways to create better banking experiences and we believe this is just the beginning of a new journey to deliver more value to you.
    [Show full text]
  • Muhyiddin Dropped, Zahid Named As DPM Malaysiakini.Com July 28, 2015
    Muhyiddin dropped, Zahid named as DPM MalaysiaKini.com July 28, 2015 Muhyiddin Yassin has been dropped as deputy prime minister in the latest cabinet reshuffle unveiled by Prime Minister Najib Abdul Razak this afternoon. Umno vice-president Ahmad Zahid Hamidi has been named as the new number two and would also retain the home ministry portfolio. Speculation had been rife that Muhyiddin, who is also Umno deputy president, would be axed due to his critical remarks regarding the 1MDB imbroglio. Also axed is another vocal critic of 1MDB Mohd Shafie Apdal. The Umno vice-president from Sabah was the rural and regional development minister. A new appointment to the cabinet is Salleh Said Keruak, who is the current Sabah state assembly speaker. The staunch Najib supporter, who often defends the prime minister on his blog, is the new communication and multimedia minister. He replaces Ahmad Shabery Cheek who would now oversee the agriculture and agro-based industry portfolio. Najib was flanked by Zahid when the new cabinet announcement was made at the Prime Minister's Office in Putrajaya. Najib said he hoped the new cabinet line-up would committ to the programmes underlined by his BN government adding the Yang di Pertuan Agong would preside over their oath-taking ceremony at 10am tomorrow at the Istana Negara. The announcement, carried live over television, saw the dropping of five ministers and the appointment of seven new ministers. New federal ministers - Wilfred Madius Tangau (science, technology and innovation minister) - Hamzah Zainudin (domestic trade, cooperatives and consumerism minister) - Wan Junaidi Tuanku Jaafar (natural resources and environment minister) - Mahdzir Khalid (education minister) - Azalina Othman Said (minister in the Prime Minister's Department) - Ong Ka Chuan (international trade and industry minister II) - Mohd Salleh Tun Said Keruak - communications and multimedia minister.
    [Show full text]