DOCSLIB.ORG

The Complete Book

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Statutory Requirements In accordance with section 48 of the Central Bank of Malaysia Act 1958, Bank Negara Malaysia hereby publishes and has transmitted to the Minister of Finance a copy of this Annual Report together with a copy of its Annual Accounts for the year ended 31 December 2004, which have been examined and certified by the Auditor-General. The Annual Accounts will also be published in the Gazette. Zeti Akhtar Aziz Chairman 23 March 2005 Board of Directors Board of Directors Dr. Zeti Akhtar Aziz D.K. (Johor), P.S.M., S.S.A.P., D.P.M.J. Governor and Chairman Dato’ Ooi Sang Kuang D.M.P.N. Deputy Governor Datuk Zamani bin Abdul Ghani D.M.S.M., D.S.M., K.M.N. Deputy Governor Dato’ Izzuddin bin Dali D.S.P.N., K.M.N. Datuk Oh Siew Nam P.J.N. Tan Sri Datuk Amar Haji Bujang bin Mohd. Nor P.S.M., D.A., P.N.B.S., J.S.M., J.B.S., A.M.N., P.B.J. P.P.D.(Emas) Tan Sri Dato’ Seri Dr. Mohd. Noordin bin Md. Sopiee P.S.M., D.G.P.N., D.I.M.P., D.M.S.M. Dato’ N. Sadasivan D.P.M.P., J.S.M., K.M.N. Tan Sri Dato Sri Mohd Hassan Marican P.S.M., S.P.M.T., D.S.M.T., P.N.B.S., A.M.K. Datuk Zamani bin Abdul Ghani was appointed as Deputy Governor with effect from 16 May 2004. Dato’ Mohd Salleh bin Hj. Harun retired on 15 May 2004 on completion of his term as Deputy Governor. Dato’ Izzuddin bin Dali was appointed as a member of the Board with effect from 1 August 2004. Tan Sri Dato’ Seri Dr. Samsudin bin Hitam resigned from the Board with effect from 31 July 2004 on completion of his term as Secretary General to the Treasury. Tan Sri Dato Sri Mohd Hassan Marican was appointed as a member of the Board with effect from 1 February 2005. Governor Dr. Zeti Akhtar Aziz Deputy Governor Dato’ Ooi Sang Kuang Deputy Governor Datuk Zamani bin Abdul Ghani Assistant Governor Dato’ Mohamad Daud bin Hj. Dol Moin Assistant Governor Dato’ Mohd Razif bin Abd. Kadir Assistant Governor Muhammad bin Ibrahim Assistant Governor Nor Shamsiah binti Mohd Yunus Secretary to the Board Dato’ Mohd Nor bin Mashor Director Governor’s Office Ng Chow Soon Corporate Communications Abu Hassan Alshari bin Yahaya Internal Audit Hor Weng Keng Legal Gopala Krishnan Sundaram Special Investigation Kamari Zaman bin Juhari Financial Intelligence Koid Swee Lian Economics Monetary Assessment and Strategy Dr. Sukhdave Singh Economics V. Vijayaledchumy International Ismail bin Alowi Finance Abdul Aziz bin Abdul Manaf Regulation Bank Regulation Dato’ Mohd Razif bin Abd. Kadir Insurance Regulation Donald Joshua Jaganathan Islamic Banking and Takaful Bakarudin bin Ishak DFI Regulation Che Zakiah binti Che Din Risk Management Santhini a/p Chandrapal Small and Medium Enterprise Marianus Vong Shin Tzoi @ Joseph Vong Supervision Bank Supervision I Azizan bin Haji Abd Rahman Bank Supervision II Chung Chee Leong Insurance Supervision Sani bin Ab. Hamid Information Systems Supervision Ramli bin Saad Payment Systems Ahmad Hizzad bin Baharuddin Investment and Operations Investment Operations and Financial Market Wan Hanisah binti Wan Ibrahim Foreign Exchange Administration Mahdi bin Mohd. Ariffin Statistical Services Chan Yan Kit Organisational Development IT Services Hong Yang Sing Human Resource Management Mior Mohd Zain bin Mior Mohd Tahir Human Resource Development Centre Lim Lai Hong Strategic Management Lim Foo Thai Corporate Services Dato’ Mohd Nor bin Mashor Security Ahmad bin Mansur Property and Services Zulkifli bin Abd Rahman Currency Management and Operation Tengku Zaib Raja Ahmad Chief Representative London Representative Office Lillian Leong Bee Lian New York Representative Office Shamsuddin bin Mohd Mahayiddin Branch Manager Pulau Pinang Raman a/l Krisnan Johor Bahru Ishak bin Musa Kota Kinabalu Mohd Ramzi bin Mohd Sharif Kuching Nallathamby s/o Nalliah Kuala Terengganu Mokhtar bin Mohd Noh Shah Alam Mohd. Khir bin Hashim Contents Governor’s Statement The Malaysian Economy in 2004 Overview ................................................................................................................... 2 White Box: Potential Output in the Malaysian Economy.......................................... 7 Sectoral Review ....................................................................................................... 11 White Box: Report on Small and Medium Enterprise Development Framework ................................................... 28 Domestic Demand Conditions .................................................................................. 33 Prices and Employment ............................................................................................ 37 External Sector ......................................................................................................... 42 Flow of Funds .......................................................................................................... 57 Monetary and Fiscal Developments Monetary Policy in 2004 .......................................................................................... 62 White Box: New Interest Rate Framework ............................................................. 63 Monetary Developments in 2004 ............................................................................. 67 Exchange Rate Developments .................................................................................. 72 Fiscal Policy and Operations ..................................................................................... 73 Outlook and Policy The International Economic Environment ................................................................. 82 Malaysian Economy in 2005 .................................................................................... 87 Monetary Policy in 2005 .......................................................................................... 93 Fiscal Policy in 2005 ................................................................................................. 94 Financial Sector Policy in 2005 ................................................................................. 95 White Box: Liberalisation of the Foreign Exchange Administration Rules .......................................................................... 98 The Financial System Sources and Uses of Funds of the Financial System................................................. 102 The Banking System Management of the Banking System...................................................................... 108 White Box: ICLIF Forging Ahead to Realise Its Vision ........................................... 110 White Box: Banking Measures Introduced in 2004.............................................. 120 White Box: Financial Sector Masterplan .............................................................. 125 White Box: Financial Services Liberalisation Measures Since 2000 ....................... 134 Supervision of the Banking System ......................................................................... 136 White Box: Malaysia’s Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Programme................................... 139 Performance of The Banking System ...................................................................... 144 The Islamic Financial System Overview ............................................................................................................... 158 Policy Direction in 2004 ......................................................................................... 160 White Box: Shariah Governance Framework for Islamic Financial Insitutions .......................................................................... 163 Supervision of the Islamic Banking System.............................................................. 165 Performance of the Islamic Banking System............................................................ 167 Development Financial Institutions Overview ............................................................................................................... 176 Policies and Developments ..................................................................................... 176 Performance of Development Financial Institutions................................................. 179 Other Financial Institutions Discount Houses .................................................................................................... 192 Provident and Pension Funds.................................................................................. 192 Venture Capital ...................................................................................................... 193 Unit Trust Industry .................................................................................................. 196 Financial Markets Overview ............................................................................................................... 200 Money Market ....................................................................................................... 201 Foreign Exchange Market....................................................................................... 203 Equity Market ........................................................................................................ 204 White Box: Key Capital Market Measures in 2004 .............................................. 207 Bond Market ........................................................................................................ 209 Exchange-traded Derivatives Market ...................................................................... 213 The Payment and Settlement Systems Introduction
Recommended publications
  • Bank Negara Malaysia

    Bank Negara Malaysia

    Bank Negara Malaysia Statutory Requirements In accordance with Section 48 of the Central Bank of Malaysia Act 1958, Bank Negara Malaysia has transmitted to the Minister of Finance a copy of this Annual Report together with a copy of its Annual Accounts for the year ended 31 December 1997, which have been examined and certified by the Auditor-General and such Accounts will be published in the Gazette. Ahmad Mohd Don Chairman 25 March 1998 Board of Directors Bank Negara Malaysia Board of Directors Tan Sri Dato’ Ahmad bin Mohd Don, P.S.M., D.P.M.J., D.M.S.M. Governor and Chairman Dato’ Fong Weng Phak, D.M.P.N., K.M.N. Deputy Governor Datuk Dr. Aris bin Othman, P.J.N., K.M.N. Secretary-General to the Treasury Encik Oh Siew Nam Dato’ Muhammad Ali bin Hashim, S.P.M.J., D.P.M.J., J.S.M., S.M.J., P.P.B. Tan Sri Datuk Amar Haji Bujang bin Mohd. Nor, P.S.M., D.A., P.N.B.S., J.S.M., J.B.S., A.M.N., P.B.J. Tan Sri Dato’ Dr. Mohd. Noordin bin Md. Sopiee, P.S.M., D.I.M.P., D.M.S.M. Tan Sri Kishu Tirathrai, P.S.M. Datuk Dr. Aris bin Othman was appointed as a member of the Board with effect from 1 January 1998 to replace Tan Sri Datuk Clifford F. Herbert who retired from the Board on 31 December 1997. Tan Sri Kishu Tirathrai was reappointed as a member of the Board effective 1 February 1998.
  • The Complete Book

    The Complete Book

    Statutory Requirements In accordance with section 48 of the Central Bank of Malaysia Act 1958, Bank Negara Malaysia hereby publishes and has transmitted to the Minister of Finance a copy of this Annual Report together with a copy of its Annual Accounts for the year ended 31 December 2003, which have been examined and certified by the Auditor-General. The Annual Accounts will also be published in the Gazette. Zeti Akhtar Aziz Chairman 26 March 2004 Board of Directors Board of Directors Dr. Zeti Akhtar Aziz D.K. (Johor), P.S.M., S.S.A.P., D.P.M.J. Governor and Chairman Dato’ Mohd Salleh bin Hj. Harun D.S.D.K. Deputy Governor Dato’ Ooi Sang Kuang D.M.P.N. Deputy Governor Tan Sri Dato’ Seri Dr. Samsudin bin Hitam P.S.M., P.N.B.S., D.C.S.M., S.S.A.P., S.M.J., D.P.M.T., D.P.M.P., J.S.M., K.M.N., A.M.N. Secretary General to the Treasury Datuk Oh Siew Nam P.J.N. Tan Sri Datuk Amar Haji Bujang bin Mohd. Nor P.S.M., D.A., P.N.B.S., J.S.M., J.B.S., A.M.N., P.B.J. P.P.D.(Emas) Tan Sri Dato’ Seri Dr. Mohd. Noordin bin Md. Sopiee P.S.M., D.I.M.P., D.M.S.M., D.G.P.N. Dato’ N. Sadasivan D.P.M.P., J.S.M., K.M.N. Governor Dr. Zeti Akhtar Aziz Deputy Governor Dato’ Mohd Salleh bin Hj.
  • KEKAL ABADI Buletin Perpustakaan Universiti Malaya University of Malaya Library Bulletin

    KEKAL ABADI Buletin Perpustakaan Universiti Malaya University of Malaya Library Bulletin

    KEKAL ABADI Buletin Perpustakaan Universiti Malaya University of Malaya Library Bulletin Vol. 23 No. 1 June 2004 ISSN 0127-2578 University of Malaya Library 50603 Kuala Lumpur, Malaysia. Tel: 603-7956 7800 Fax: 603-7957 3661 URL: http://www.umlib.um.edu.my Lembaga Pengarang / Editorial Board (2004) Azrizal Ismail, Datin Adlina Norliz Razali, Janaki Sinnasamy, Maziah Salleh, Noraslinda Sanusi, Ratnawati Sari Mohd Amin, Zahril Shahida Ahmad, Zanaria Saupi Udin Penyelaras / Coordinator Tunku Noraidah Tuanku Abdul Rahman Penasihat / Adviser Noriyah Md Nor, Ketua Pustakawan / Chief Librarian Desktop Publishing Zanaria Saupi Udin Penerbit / Publisher Perpustakaan Universiti Malaya 50603, Kuala Lumpur Malaysia Telefon / Telephone 603-79673206, 603-79675887, 603-79578058, 603-79567800 Fax 603-79573661 Emel/E-mail [email protected] URL http://www.umlib.um.edu.my Pencetak / Printer Jabatan Penerbitan, Universiti Malaya 50603, Kuala Lumpur Malaysia. To be included in the mailing list, please send name of organization and address to [email protected] with the word subscribe in the subject line. Contribution of articles relating to the library science discipline are welcome subject to the approval of the Editorial Board. KEKAL ABADI Jil. 23 Bil. 1 Jun 2004 / Vol. 23 Issue 1 June 2004 ISSN 0127- 2578 KANDUNGAN / CONTENTS Accountability in Library Management : Issues and 1 Strategies for the 21st Century Laporan Persidangan 15 Conference Reports Ulasan Buku 22 Book Reviews Kertas Kerja Persidangan 24 Conference Papers Berita Ringkas 75 News in Brief Hal Ehwal Staf 76 Staff Matters Kekal Abadi 23 (1) 2004 ACCOUNTABILITY IN LIBRARY MANAGEMENT : st 1 ISSUES AND STRATEGIES FOR THE 21 CENTURY Dato’ Dr.
  • The Covid-19 Outbreak Is a Double-Barrelled Threat - Our Very Lives and Livelihood Are in Danger

    The Covid-19 Outbreak Is a Double-Barrelled Threat - Our Very Lives and Livelihood Are in Danger

    Alvin Dear PM, PP19507/11/2019 (035148) APRILAPRIL 2020 2020 Chong we need 0404 soars high to be more in showbiz transparent despite the P. 6 obstacles. Read about it in PURSUIT 04 PP 19339/05/2018(034908) 9 772289 234001 www.focusmalaysia.my MONTHLY APRIL 2020 MALAYSIA RM8 | ISSUE 04 Conversations Four airlines Focus List Push for Liew ask for Finding banking Chin financial aid undervalued mergers on Tong from MoF stocks the cards? P.14&16 P.18,20&22 P.24-25 P.36 Softening the blow The Covid-19 outbreak is a double-barrelled threat - our very lives and livelihood are in danger. Are the government’s efforts enough to mitigate the impact of the virus? P.8-10&12 2 contents FocusM | April 2020 • How is the Covid-19 pandemic affecting Malaysia, from people’s lives to their livelihood? • What can we expect from Covid-19, and what can we do to mitigate the risks? P.8-10,12 26 30-31 Mainstream 35 Points2Ponder: What will be your priority, transport minister? 4 Supply chain disrupted, says Westports CEO 36 A push for banking consolidation on the horizon? 6 PoundFoolish: Dear Prime Minister, we need more transparency Property 6 Will FGV’s obligation to Felda scuttle its turnaround? 26 Partial certification unacceptable for housing projects 14-16 Conversations: In search of a Malaysian identity 27 Will more theme parks close down? 18 AirAsia, MAB, Malindo, Firefly seek financial aid from MoF, say sources 28-29 How Covid-19 and politics affect the property sector 20 QuestionTime: Should airlines in Malaysia be saved? 30-31 Malls must evolve to stay
  • PETRONAS Capital Limited Petroliam Nasional Berhad

    PETRONAS Capital Limited Petroliam Nasional Berhad

    OFFERING CIRCULAR (AND LUXEMBOURG LISTING PROSPECTUS) PETRONAS Capital Limited (incorporated in Labuan, Malaysia with limited liability) US$3,000,000,000 5.25% GUARANTEED NOTES DUE 2019 unconditionally and irrevocably guaranteed by Petroliam Nasional Berhad (incorporated in Malaysia with limited liability) PRICE 99.447% PLUS ACCRUED INTEREST, IF ANY, FROM AUGUST 12, 2009 The 5.25% Guaranteed Notes due 2019 in the aggregate principal amount of US$3,000,000,000 (the “Notes”) will be issued by PETRONAS Capital Limited (“PETRONAS Capital Limited” or the “Issuer”) and will be unconditionally and irrevocably guaranteed by Petroliam Nasional Berhad (“PETRONAS”). PETRONAS Capital Limited is a wholly-owned special purpose finance subsidiary of PETRONAS, which has been established for the purpose of issuing debt securities and other obligations from time to time to finance the operations of PETRONAS. PETRONAS Capital Limited will provide the proceeds of the offering to PETRONAS or its subsidiaries and associated companies. The Notes will be unsecured obligations of PETRONAS Capital Limited and will rank pari passu among themselves and with all of its other unsecured and unsubordinated obligations. PETRONAS’ guarantee (the “Guarantee”) will be an unsecured obligation of PETRONAS, will rank pari passu with its other unsecured and unsubordinated obligations and will be effectively subordinated to the secured obligations of PETRONAS and the obligations of its subsidiaries. Unless previously repurchased, cancelled or redeemed, the Notes will mature on August 12, 2019. The Notes will be redeemed at 100% of their principal amount plus accrued and unpaid interest, if any, on the maturity date. The Notes will bear interest at a rate of 5.25% per year, payable semi-annually in arrears on February 12 and August 12 of each year.
  • Case Study Empowering and Protecting Financial Consumers Bank Negara Malaysia’S Consumer and Market Conduct Framework About This Case Study

    Case Study Empowering and Protecting Financial Consumers Bank Negara Malaysia’S Consumer and Market Conduct Framework About This Case Study

    Case study Empowering and protecting financial consumers Bank Negara Malaysia’s consumer and market conduct framework About this case study This case captures the actual experiences and challenges faced by AFI Policy Champion Koid Swee Lian and her team at the Consumer and Market Conduct Department, Bank Negara Malaysia. AFI Policy Champions are outstanding policymakers that have made a substantial policy contribution to increasing access to financial services for the unbanked population in their countries. Through their case studies AFI Policy Champions tell their stories in their own voice so that other developing country policymakers may benefit from their experience and innovations. © 2011 (April), Alliance for Financial Inclusion Acknowledgements: This case study was produced in close collaboration with Bank Negara Malaysia by Simone di Castri of the Alliance for Financial Inclusion. We thank AFI Policy Champion Koid Swee Lian and her team in the Consumer and Market Conduct Department for their ongoing support and willingness to share their experiences with the AFI network. At a glance This case study looks back on Bank Negara Key events in the development of the Malaysia’s decade-long program to enhance consumer and market conduct framework consumer empowerment and market conduct Consumer Market and extracts key lessons. empowerment conduct 1997 Bank Negara Malaysia’s consumer and market Asian financial crisis 2001 conduct framework Financial Sector Master Plan Following the Asian financial crisis of 1997, the 2001-2010 launched government of Malaysia committed to a decade-long Central Credit Reference Information program of financial reform that aimed to improve System (CCRIS) financial stability through consumer protection and 2003 market conduct initiatives.
  • Malaysia Brunei

    Malaysia Brunei

    COUNTRY REPORT Malaysia Brunei The full publishing schedule for Country Reports is now available on our web site at http://www.eiu.com/schedule. 3rd quarter 1999 The Economist Intelligence Unit 15 Regent St, London SW1Y 4LR United Kingdom The Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For over 50 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The EIU delivers its information in four ways: through subscription products ranging from newsletters to annual reference works; through specific research reports, whether for general release or for particular clients; through electronic publishing; and by organising conferences and roundtables. The firm is a member of The Economist Group. London New York Hong Kong The Economist Intelligence Unit The Economist Intelligence Unit The Economist Intelligence Unit 15 Regent St The Economist Building 25/F, Dah Sing Financial Centre London 111 West 57th Street 108 Gloucester Road SW1Y 4LR New York Wanchai United Kingdom NY 10019, US Hong Kong Tel: (44.20) 7830 1000 Tel: (1.212) 554 0600 Tel: (852) 2802 7288 Fax: (44.20) 7499 9767 Fax: (1.212) 586 1181/2 Fax: (852) 2802 7638 E-mail: [email protected] E-mail: [email protected] E-mail: [email protected] Website: http://www.eiu.com Electronic delivery EIU Electronic New York: Lou Celi or Lisa Hennessey Tel: (1.212) 554 0600 Fax: (1.212)
  • Annual Report ENG 2010.Indb

    Annual Report ENG 2010.Indb

    STATUTORY REQUIREMENTS In accordance with section 13 of the Central Bank of Malaysia Act 2009, Bank Negara Malaysia hereby publishes and has transmitted to the Minister of Finance a copy of this Annual Report together with a copy of its Financial Statements for the year ended 31 December 2010, which have been examined and certified by the Auditor-General. The Financial Statements will also be published in the Gazette. For the purposes of section 115 of the Development Financial Institutions Act 2002, the annual report on the administration of the Development Financial Institutions Act 2002 and other related matters for the year ended 2010 is incorporated in Bank Negara Malaysia’s Financial Stability and Payment Systems Report 2010 which forms an integral part of this Annual Report 2010. Zeti Akhtar Aziz Chairman Board of Directors 23 March 2011 BOARD OF DIRECTORS Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz D.K. (Johor), P.S.M., S.S.A.P., S.U.M.W., D.P.M.J. Governor and Chairman Dato’ Mohd Razif bin Abd Kadir BOARD OF DIRECTORS D.P.M.S., D.I.M.P., D.P.M.P. Deputy Governor Dato’ Muhammad bin Ibrahim D.P.M.S. Deputy Governor Puan Nor Shamsiah binti Mohd Yunus Deputy Governor Tan Sri Dato’ Sri Dr. Wan Abdul Aziz bin Wan Abdullah P.S.M., S.P.S.K., S.S.A.P., S.P.D.K., D.P.S.K., S.M.W., A.M.N. Datuk Oh Siew Nam P.J.N. Tan Sri Datuk Amar Haji Bujang bin Mohd.
  • GROWING MALAYSIA's LONG-TERM WEALTH the KHAZANAH REPORT 2018 3 Who We Are

    GROWING MALAYSIA's LONG-TERM WEALTH the KHAZANAH REPORT 2018 3 Who We Are

    GROWING MALAYSIA’s LONG-TERM WEALTH The Khazanah Report 2018 highlights the goals, strategies and vision embraced by Khazanah nasional Berhad (Khazanah) in our role as the sovereign wealth fund of Malaysia. Khazanah is a Malay word of arabic origin, which means "treasure". The word can also be found in other languages carrying the same meaning. The name Khazanah nasional put together means "national treasure". The cover of The Khazanah Report 2018 draws inspiration from the Khazanah logo, which is a cembul, a Malay traditional jewellery box. The cembul represents the organisation’s role as one of the trustees of the nation’s assets. The horizontal chevrons symbolise our investments across multiple asset classes, and our mandate to grow the nation's long-term wealth. This report is available online at www.khazanah.com.my May 2019 Scan here to visit The Khazanah Report 2018 microsite @Khazanah_MY Khazanah Nasional Berhad l KHAZANAH NASIONAL BERHAD CONTENTS INTRODUCTION 3 Who We are and our Mandate 4 2018 In review CHAPTER CHAPTER 01OVERVIEW OF AN 02FINANCIAL REVIEW INSTITUTION 24 Financial Highlights 8 Message from the Chairman 26 Independent Auditors’ Report 10 Governance and 27 Selected Financial Indicators accountability Framework 14 Board of Directors 16 Message from the Managing Director 18 Senior Management THE KHAZANAH REPORT 2018 1 CHAPTER 03OUR INVESTMENTS 30 Growing Malaysia’s long-Term Wealth 33 Selected Companies in our Portfolio CHAPTER 04PEOPLE & KNOWLEDGE 36 Our People, our Values 38 Khazanah as a learning organisation 40 Society and Community 2 KHAZANAH NASIONAL BERHAD GROWING MALAYSIA'S LONG-TERM WEALTH THE KHAZANAH REPORT 2018 3 WHO WE ARE KHAZANAH IS THE SOVEREIGN WEAltH FUND OF MALAYSIA.
  • Ybhg Tan Sri Dato' Seri Mohd Hassan Marican

    Ybhg Tan Sri Dato' Seri Mohd Hassan Marican

    August 2008 www.micpa.com.my KDNPP 3809/3/2009 The Malaysian Accountant AUGUST 2008 EDITORIAL BOARD Datuk Robert Yong Kuen Loke (Chairman) Dato’ Nordin Baharuddin Dato’ Hj Maidin Syed Ali Loh Lay Choon Ng Kim Tuck See Huey Beng Sam Soh Siong Hoon Tan Chin Hock Chia Kum Cheng (Co-opted) Chong Kian Soon (Co-opted) PRINCIPAL OFFICE BEARERS President Dato’ Nordin Baharuddin Vice President Dato’ Ahmad Johan Mohammad Raslan PRINCIPAL OFFICERS Executive Director FEATURE page 3 Foo Yoke Pin ([email protected]) Technical Manager PERSPECTIVE 2 Melissa Yeoh ([email protected]) Education & Research Manager FEATURES Jenny Chua ([email protected]) Malaysian Tax Updates 3 Public Affairs & Communications Manager Corporate Governance Analysis in Malaysia 7 Vicky Rajaretnam ([email protected]) Overview of Takaful in Malaysia 10 Marketing Manager Corporate Governance for Takaful 12 Evelyn Lim ([email protected]) Examination Officer INSTITUTE NEWS Lee How Lai ([email protected]) MICPA Turns 50 14 Assistant Manager, Membership Recipient of Anugerah Presiden 2008: Salyasusanti Achom YBhg Tan Sri Dato’ Seri Mohd Hassan Marican 17 ([email protected]) November 2008 Examination 20 Single Copy: RM7.50 May 2008 Examination Results 21 Subscription: 6 issues Continuing Professional Development (CPD) Programmes 22 RM43.50 per annum Career Talks at Secondary Schools 22 (including P&P within Malaysia only) Career Fairs and Exhibitions 23 The Malaysian Accountant is published Collaboration and Career Talks at Universities 24 by: The Malaysian Institute of MICPA–BURSA MALAYSIA Business Forum 2008 24 Certified Public Accountants (3246-U) 15, Jalan Medan Tuanku YOUNG CPA 50300 Kuala Lumpur, Malaysia Tel: 03-2698 9622 Fax: 03-2698 9403 Young CPA Malaysia Symposium 2008 E-mail: [email protected] - Charting the Future of Accounting and Finance Professionals 18 Website: www.micpa.com.my PROFESSIONAL NEWS Note: The views expressed in this journal are not MASB Update 26 necessarily those of the Institute or the Editorial Board.
  • Corporate Social Responsibility

    Corporate Social Responsibility

    Corporate Social Responsibility AmBank Group continuously contributes to the business ‘ecosystem’ in the areas where we operate, and programmes and initiatives are executed with the sustainability of the various sectors in mind. In deploying our corporate social responsibility initiatives, we aim to give back to and care for the health and long-term betterment of the marketplace, the community, our staff, and the environment. Without the support of these parts of the business environment, the Group would not be where it is today. On a broader level, we strive to align our initiatives with the larger effort of contributing to the nation’s growth and advancement. Anuar Omar, Director/Head, Corporate Finance, AmInvestment Bank Berhad (right) speaking at the IFN 2009 Issuers and Investors Asia Forum, an international forum for exchange of opinion, ideas and expertise in all aspects of Islamic fi nance. RESPONSIBILITY TO THE AmBank Group, through its various MARKETPLACE business units contributes thought leadership and knowledge sharing AmBank Group provides regular at many conferences and similar support for endeavours that benefi t knowledge-exchange platforms. A the marketplace including forging major highlight for the year was the synergistic partnerships, engaging in launch Malaysia’s fi rst Corporate Bond knowledge exchange and deepening Handbook on 18 August 2009 by YBhg and broadening the marketplace with Tan Sri Dato’ Sri Dr Zeti Akhtar Aziz, innovative products, services and Governor of Bank Negara Malaysia solutions. Besides that it also sponsors (“BNM”). The fi rst of its kind in Malaysia, exhibitions and conference relating to the handbook acts as a one-stop source other key economic areas of growth for of corporate information that is expected the country.
  • Petronas Annual Report 2007   Petronas Annual Report 2007

    Petronas Annual Report 2007   Petronas Annual Report 2007

    PETRONAS ANNUAL REPORT 2007 PETRONAS ANNUAL REPORT 2007 Table of Contents Corporate Statements 1 Corporate Profile 2-3 Board Members 4-5 Management Committee Members 6-7 Overview 8-11 Five-Year Financial Highlights Group 12-13 Company 14-15 Review of Results 16-21 Review of Business Exploration and Production Business 24-29 Oil Business 30-35 Gas Business 36-41 Petrochemical Business 42-45 Logistics and Maritime Business 48-51 Techology Development 54-57 Corporate Sustainability 58-59 Health, Safety and Environment 60-61 Our People 64-65 Corporate Social Investments 68-73 Main Events 74-78 Glossary of Terms 80 Financial Statements 81-165 PETRONAS ANNUAL REPORT 2007 PETRONAS ANNUAL REPORT 2007 Corporate Statements VISION STATEMENT To be a Leading Oil and Gas Multinational of Choice MISSION STATEMENT We are a business entity Petroleum is our core business Our primary responsibility is to develop and add value to this national resource Our objective is to contribute to the well-being of the people and the nation SHARED VALUES LOYALTY Loyal to nation and corporation PROFESSIONALISM Committed, innovative and proactive and always striving for excellence INTEGRITY Honest and upright COHESIVENESS United in purpose and fellowship PETRONAS ANNUAL REPORT 2007 PETRONAS ANNUAL REPORT 2007 PETRONAS ANNUAL REPORT 2007 Corporate Profile PETRONAS, the acronym for Petroliam Nasional Berhad, was incorporated on 17 August 1974 under the Companies Act 1965. It is wholly-owned by the Malaysian government and is vested with the entire ownership and control of the petroleum resources in Malaysia through the Petroleum Development Act 1974. Over the years, PETRONAS has grown to become a fully-integrated oil and gas corporation and is ranked among the FORTUNE Global 500® largest corporations in the world.