DOCSLIB.ORG

HSBC BANK MALAYSIA BERHAD (Company No

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
HSBC BANK MALAYSIA BERHAD (Company No HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) FINANCIAL STATEMENTS – 31 DECEMBER 2016 Domiciled in Malaysia. Registered Office: 10th Floor, North Tower, 2, Leboh Ampang, 50100 Kuala Lumpur HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) CONTENTS 1 Board of Directors 2 Corporate Governance Disclosures 5 Board Responsibility and Oversight Board of Directors Board Committees 11 Management Reports 12 Internal Control Framework 14 Remuneration Policy 15 Rating by External Rating Agencies 16 Directors’ Report 26 Directors’ Statement 27 Statutory Declaration 28 Independent Auditors’ Report 32 Statements of Financial Position 33 Statements of Profit or Loss and Other Comprehensive Income 34 Statements of Changes in Equity 38 Statements of Cash Flows 42 Notes to the Financial Statements HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) BOARD OF DIRECTORS Peter Wong Tung Shun Non-Independent Executive Director (re-appointed on 5 February 2017) Mukhtar Malik Hussain Non-Independent Executive Director/Chief Executive Officer Lee Choo Hock Independent Non-Executive Director Tan Kar Leng @ Chen Kar Leng Independent Non-Executive Director Tan Sri Dato’ Tan Boon Seng @ Krishnan Independent Non-Executive Director Choo Yoo Kwan @ Choo Yee Kwan Independent Non-Executive Director (appointed on 11 February 2017) Datuk Shireen Ann Zaharah Muhiudeen Independent Director (resigned on 2 February 2016) 1 HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) CORPORATE GOVERNANCE DISCLOSURES The Bank is committed to high standards of corporate governance. As a financial institution, the Bank is subject to and complies with Bank Negara Malaysia policy document on ‘Corporate Governance’. The statement of corporate governance practices set out on pages 2 to 14 and information incorporated by reference constitutes the Corporate Governance Disclosures of HSBC Bank Malaysia Berhad (the Bank). Directors The Directors serving as at the date of this report are set out below. Peter Wong Tung Shun, 66 Non-Independent Executive Director Appointed to the Board and as Chairman: 5 February 2010 Re-appointed as Non-Independent Executive Director: 5 February 2017 Mr Wong holds a Bachelor’s degree in Computer Science, MBA in Marketing and Finance and MSc in Computer Science from Indiana University in the United States. He joined HSBC in 2005, as Group General Manager, HSBC Holdings plc and Executive Director, The Hongkong and Shanghai Banking Corporation Limited, before assuming the position of Chief Executive for Asia-Pacific in February 2010. He became Deputy Chairman of The Hongkong and Shanghai Banking Corporation Limited in May 2013. Mr Wong is currently the Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited. He is a Group Managing Director and a member of the Group Management Board of HSBC Holdings plc. In addition, he is the Chairman and Non-Executive Director of HSBC Bank (China) Company Limited, Non-Executive Director of Hang Seng Bank Limited and an Independent Non-Executive Director of Cathay Pacific Airways Limited. Mr. Wong is also the Vice Chairman and Non-Executive Director of Bank of Communications Co., Limited Mukhtar Malik Hussain, 57 Non-Independent Executive Director/Chief Executive Officer Appointed to the Board and as Chief Executive Officer: 15 December 2009 Mr Mukhtar is a member of the Nominations Committee of the Bank. Mr Mukhtar graduated from the University of Wales with a Bachelor of Science in Economics. He first joined the HSBC Group in 1982 as a graduate trainee in Midland Bank International. He was then appointed as Assistant Director in Samuel Montagu in 1991. After more than 10 years of working in the HSBC Group’s London offices, Mr Mukhtar held numerous posts in Dubai, including Chief Executive Officer of HSBC Financial Services (Middle East) Limited from 1995 to 2003. He established the initiative to create the first foreign investment bank in Saudi Arabia for HSBC. In 2003, Mr Mukhtar assumed the position of Chief Executive Officer, Corporate and Investment Banking. He then headed back to London as the Co-Head of Global Banking in 2006. He was the Global Head of Principal Investments in London from 2006 to 2008. Between 2008 to 2009, he was the Deputy Chairman HSBC Bank Middle East Limited and Global Chief Executive Officer of HSBC Amanah. He was also the Chief Executive Officer, Global Banking and Markets for Middle East and North Africa before assuming his current role as the Chief Executive Officer of the Bank in 2009. Mr Mukhtar is also a Non-Executive Director of HSBC Amanah Malaysia Berhad (HBMS), a HSBC Group General Manager and member of the Executive Committee of HSBC Asia Pacific. 2 HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) CORPORATE GOVERNANCE DISCLOSURES (Cont’d) Lee Choo Hock, 64 Independent Non-Executive Director Appointed to the Board: 5 December 2013 Chairman of Audit Committee Mr Lee is a member of the Nominations Committee and Connected Party Transactions Committee of the Bank. He is a member of the Institute of Chartered Accountants in England and Wales as well as the Malaysian Institute of Accountants. He began his career with Miller, Brener & Co., London, a professional accounting firm in 1975 and joined Maybank in 1982. Having worked with Maybank for 27 years, Mr Lee has built a successful career as a professional accountant. He served various management positions during his tenure with Malayan Banking Berhad until he retired in 2008 and last position was as the Executive Vice President, Head of Accounting Services and Treasury Back Office Operations. He has also served as a Director of a number of subsidiaries of Malayan Banking Berhad. In addition to his current role, Mr Lee also sits on the Board of Kossan Rubber Industries Berhad, Yayasan Kossan and HSBC Amanah Malaysia Berhad. Tan Kar Leng @ Chen Kar Leng, 73 Independent Non-Executive Director Appointed to the Board: 2 April 2014 Chairman of Nominations and Remuneration Committee (appointed on 13 February 2017) Ms Chen serves as a member of the Risk Committee, Nominations Committee and Connected Party Transactions Committee of the Bank. As a graduate from the University of Singapore (now the National University), she was called to the Malaysian Bar in January 1968 and Brunei Bar in May 1996. She has been appointed a partner of Skrine, Kuala Lumpur since January 1974 and Head of its Corporate Division on 31 December 2009. After her retirement, she has been retained as a consultant of the firm. In addition to her current role, Ms Chen also sits on the Board of Eastern & Oriental Berhad and The Tun Dr Lim Chong Eu Foundation. She is also a member of the Advocates & Solicitors Disciplinary Board appointed by the Chief Justice of Malaya. 3 HSBC BANK MALAYSIA BERHAD (Company No. 127776-V) (Incorporated in Malaysia) CORPORATE GOVERNANCE DISCLOSURES (Cont’d) Tan Sri Dato’ Tan Boon Seng @ Krishnan, 65 Independent Non-Executive Director Appointed to the Board: 2 April 2014 Chairman of Nominations Committee (until 13 February 2017) Chairman of Risk Committee Tan Sri Dato’ Krishnan Tan is a member of the Audit Committee and Connected Party Transactions Committee of the Bank. He qualified as a Certified Public Accountant in 1978 after graduating with a Bachelor of Economics (Honours) degree from University of Malaya in 1975, and holds a Master’s degree in Business Administration from Golden Gate University, San Francisco, USA. Tan Sri Dato’ Krishnan Tan is currently the Deputy Non-Executive Chairman of IJM Corporation Berhad and serves as a Director of IJM Plantations Berhad, and Grupo Concesionario del Oeste S.A., Argentina. He joined IJM as a Financial Controller in 1983 and was appointed Group Managing Director in 1997 and served in this position until 2010. He held the position of Executive Deputy Chairman of IJM Corporation Berhad from 2011 to 2013. In addition to his current role, Tan Sri Dato’ Krishnan sits on the Board of Malaysia Airlines Berhad, Malaysia Aviation Group Berhad, Malaysia Property Incorporated and Malaysian Community & Education Foundation and a member of the Olympic Council Trust Management Committee. Choo Yoo Kwan @ Choo Yee Kwan, 64 Independent Non-Executive Director Appointed to the Board: 11 February 2016 Mr Choo serves as a member of the Audit Committee, Risk Committee and Nominations Committee of the Bank. Mr Choo has honours degrees in economics and law from University of Malaya and University of London respectively, and is a Barrister-at-Law (of Lincoln’s Inn) following his call to the Bar of England and Wales in 1984. Mr Choo retired in July 2014 after having served the banking and risk management industry for 38 years. His last post was as Country Chief Risk Officer for OCBC Bank (Malaysia) Berhad (OCBC), having first joined the OCBC Group in December 2007. Prior to joining OCBC, he was the Chief Risk Officer for Maybank Group and Group Chief Risk Officer for Alliance Bank Malaysia Berhad. During his 14 years career at Maybank Group, he had served as Division Head for Credit Control; International Banking; Corporate Remedial Management; and Group Risk Management. He also served on the Corporate Debt Restructuring Committee set up under Bank Negara Malaysia. Before starting his career with Maybank, he had worked for the National Westminster Bank plc of the United Kingdom in the areas of Global Specialised Industries; and Group Credit Control. Mr Choo had served on the Education Committee of Asian Institute of Chartered Bankers for 14 years, (between 2000 and 2014); and was re-appointed to Education Committee in June 2016. He was appointed as a member of the University Malaya Medical Centre Ethics Committee for 2 years (from 2014 to 2015). He is currently a Teaching Fellow in the Asian Banking School. 4 HSBC BANK MALAYSIA BERHAD (Company No.
Load more

Recommended publications
  • Unaudited Condensed Interim Financial Statements 30 June 2020
    HSBC BANK MALAYSIA BERHAD (Company No. 198401015221 (127776-V)) (Incorporated in Malaysia) UNAUDITED CONDENSED INTERIM FINANCIAL STATEMENTS 30 JUNE 2020 Domiciled in Malaysia Registered Office: 10th Floor, North Tower 2, Leboh Ampang 50100 Kuala Lumpur HSBC BANK MALAYSIA BERHAD (Company No. 198401015221 (127776-V)) (Incorporated in Malaysia) UNAUDITED CONDENSED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2020 Group Bank 30 Jun 2020 31 Dec 2019 30 Jun 2020 31 Dec 2019 Note RM'000 RM'000 RM'000 RM'000 Assets Cash and short-term funds 12 10,387,583 9,623,962 7,904,633 4,847,237 Securities purchased under resale agreements 4,166,955 6,645,298 4,166,955 6,645,298 Deposits and placements with banks and other financial institutions 13 481,763 139,153 1,408,509 1,011,570 Financial assets at fair value through profit and loss (FVTPL) 14 2,372,538 1,391,978 2,372,538 1,391,978 Financial investments at fair value through other comprehensive income (FVOCI) 15 11,123,493 11,907,954 9,026,991 9,187,979 Loans, advances and financing 16 54,189,540 51,289,860 39,868,363 38,246,907 Derivative financial assets 37 1,664,783 1,440,197 1,664,940 1,440,057 Other assets 19 974,215 432,253 919,702 424,659 Statutory deposits with Bank Negara Malaysia 20 190,208 992,351 155,646 662,689 Investments in subsidiary companies - - 660,021 660,021 Property and equipment 950,955 834,156 944,234 827,055 Intangible assets 35,769 38,854 35,769 38,854 Tax recoverable 165,001 89,458 160,415 89,458 Deferred tax assets 78,417 125,695 58,567 101,787 Total assets 86,781,220
    [Show full text]
  • Annual Report 2009 DKSH Holdings (Malaysia) Berhad
    Annual Report 2009 DKSH Holdings (Malaysia) Berhad Think Asia. Think DKSH. DKSH Holdings (Malaysia) Berhad: Annual Report 2009 Contents 2 Notice of annual general meeting 26 Statement of directors’ responsibility 4 Operating structure 27 Directors’ report 5 Directors’ profile 31 Consolidated income statement 8 Chairman’s report to the shareholders 32 Company income statement 11 Corporate information 33 Balance sheets 12 Corporate profile 35 Consolidated statement of changes in equity 16 Corporate governance statement 36 Company statement of changes in equity 20 Internal control statement 37 Cash flow statements 21 Audit committee report 39 Notes to the financial statements 23 List of properties 79 Statement by directors and statutory declaration 24 Analysis of shares 80 Independent auditors’ report 26 Financial highlights Proxy Form Notice of annual general meeting Notice is hereby given that the Eigh- 6. To re-appoint PricewaterhouseCoo- riment of the minority shareholders teenth Annual General Meeting of the pers as auditors of the Company and of the Company; and Company will be held at the Conference to authorize the directors to fix their Room, Ground Floor, 74 Jalan University, remuneration. (b) disclosure of the aggregate value of 46200 Petaling Jaya, Selangor Darul Eh- Resolution 6 the recurrent related party transac- san on Thursday, June 17, 2010 at 10.00 tions conducted during the finan- a.m. for the purpose of transacting the As special business cial year will be disclosed in the An- following business: nual Report for the said financial 7. To consider and, if thought fit, to pass year, Agenda the following resolution: And that such approval shall continue As ordinary business Proposed Renewal of and New to be in force until: Shareholders’ Mandate for Recur- 1.
    [Show full text]
  • HSBC Bank Plc Annual Report and Accounts 2006
    HSBCBankARAcover06 19/2/07 10:22 am Page 1 2006 Annual Report and Accounts HSBC Bank plc HSBC BANK PLC Annual Report and Accounts 2006 Contents Page Page Financial Highlights .............................................. 1 Consolidated statement of recognised income and expense for the year ended Board of Directors and Senior Management ...... 2 31 December 2006 .............................................. 29 Report of the Directors ......................................... 4 Consolidated cash flow statement for the year ended 31 December 2006 ............................ 30 Statement of Directors’ Responsibilities in Relation to the Directors’ Report and the HSBC Bank plc balance sheet at Financial Statements ........................................... 25 31 December 2006 .............................................. 31 Independent Auditors’ Report to the Member HSBC Bank plc statement of recognised income of HSBC Bank plc ............................................... 26 and expense for the year ended 31 December 2006 .............................................. 32 Financial Statements HSBC Bank plc cash flow statement for the year Consolidated income statement for the year ended 31 December 2006 .................................... 33 ended 31 December 2006 ................................27 Notes on the Financial Statements ............................ 34 Consolidated balance sheet at 31 December 2006 ......................................... 28 Presentation of Information This document comprises the Annual Report and Accounts
    [Show full text]
  • HSBC Malaysia Scores Big with Sports Direct
    News Release 16 June 2020 HSBC Malaysia Scores Big with Sports Direct HSBC Malaysia wins its first Omni Channel partnership with Sports Direct delivering a simple “one-stop” collections solution HSBC Malaysia recently scored another landmark transaction for its first live Omni Channel pilot transaction with Sports Direct MST Sdn Bhd (Sports Direct). Omni Channel combines the world-class solution of HSBC’s partner GHL System Berhad, one of the top ASEAN payment service providers and HSBC’s innovative product development to deliver a “one-stop” collections solution to increase efficiencies for businesses. “HSBC is the first international bank to offer this “one-stop” collections solution across Asia. We have consistently adopted digital solutions and we are a market leader in digital innovation. With the launch of Omni Channel, we are now able to offer clients a seamless process to enable businesses to gain operational and financial efficiencies by providing a service designed to simplify and streamline the way businesses collect payments,” said Andrew Sill, Country Head of Commercial Banking, HSBC Malaysia. “We recognise the need to support our clients with cutting edge digital solutions and we have been consistently investing in our award winning cash management business. The Omni Channel launch is a decisive step towards that objective,” he added. “Omni Channel is a one-stop solution that allows HSBC clients to provide multiple payment options to their customers, and gives them a comprehensive view of their payment collections across different channels including bank transfers, credit and debit card payments and e-wallet transactions via TnG, Boost, GrabPay, AliPay and QR scan and pay.
    [Show full text]
  • Explanatory Notes on Purpose of Payment for Payments to Malaysia
    Explanatory Notes on Purpose of Payment for payments to Malaysia Cross Border Transactions This document provides explanatory notes on the Purpose of Payment (PoP) codes, as provided by Central Bank Malaysia. These PoP codes can be used for cross boarder transaction (for all currencies) when remitting payments or beneficiary/ intermediary institution to Malaysia. Warning Message In compliance with Central Bank of Malaysia’s Regulation, we wish to request you to state clearly the purpose of payment/remittance as failure to state may lead to delay or rejection of payment from beneficiary end Purpose of Payments Description No Purpose of Code Purpose of Payment Description 1 00000 Food and Live Animals 2 01000 Beverages and tobacco 3 02000 Crude Materials, inedible, except fuels 4 03000 Minerals, Fuel and Lubricants 5 04000 Animal and vegetable Oils, Fats and waxes 6 05000 Chemicals and related products, not classified elsewhere No Purpose of Code Purpose of Payment Description 7 06000 Manufactured Goods 8 07000 Machinery and Transport Equipment 9 08000 Miscellaneous Manufactured Articles 10 09000 Commodities and Transactions, not classified elsewhere 11 11110 Freight by air 12 11120 Freight by sea 13 11130 Freight by other modes of transportation 14 11210 Passenger fare by air 15 11220 Passenger fare by sea 16 11230 Passenger fare by other modes of transportation 17 12110 Airport services 18 12120 Port services No Purpose of Code Purpose of Payment Description 19 12130 Other terminal facilities 20 12210 Charter of aircraft 21 12220 Charter
    [Show full text]
  • 恒生銀行有限公司 Hang Seng Bank Limited (Incorporated in Hong Kong with Limited Liability) (Stock Code: 11)
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this Circular or as to the action you should take, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Hang Seng Bank Limited, you should at once hand this Circular and the accompanying Proxy Form to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this Circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Circular. PROPOSALS RELATING TO GENERAL MANDATES TO ISSUE SHARES AND BUY-BACK SHARES, RE-ELECTION OF DIRECTORS, RE-APPOINTMENT OF AUDITOR, ADOPTION OF NEW ARTICLES OF ASSOCIATION, NOTICE OF 2021 ANNUAL GENERAL MEETING, AND SPECIAL ARRANGEMENTS FOR 2021 ANNUAL GENERAL MEETING 恒生銀行有限公司 Hang Seng Bank Limited (Incorporated in Hong Kong with limited liability) (Stock Code: 11) The notice convening the 2021 AGM of the Bank on Wednesday, 26 May 2021 at 3:30 pm is set out on pages 25 to 28 of this Circular. In light of the continuing risks posed by the COVID-19 pandemic, the Bank is adopting special arrangements in respect of the 2021 AGM (details on page 1).
    [Show full text]
  • Brown Brothers Harriman Global Custody Network Listing
    BROWN BROTHERS HARRIMAN GLOBAL CUSTODY NETWORK LISTING Brown Brothers Harriman (Luxembourg) S.C.A. has delegated safekeeping duties to each of the entities listed below in the specified markets by appointing them as local correspondents. The below list includes multiple subcustodians/correspondents in certain markets. Confirmation of which subcustodian/correspondent is holding assets in each of those markets with respect to a client is available upon request. The list does not include prime brokers, third party collateral agents or other third parties who may be appointed from time to time as a delegate pursuant to the request of one or more clients (subject to BBH's approval). Confirmations of such appointments are also available upon request. COUNTRY SUBCUSTODIAN ARGENTINA CITIBANK, N.A. BUENOS AIRES BRANCH AUSTRALIA CITIGROUP PTY LIMITED FOR CITIBANK, N.A AUSTRALIA HSBC BANK AUSTRALIA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) AUSTRIA DEUTSCHE BANK AG AUSTRIA UNICREDIT BANK AUSTRIA AG BAHRAIN* HSBC BANK MIDDLE EAST LIMITED, BAHRAIN BRANCH FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BANGLADESH* STANDARD CHARTERED BANK, BANGLADESH BRANCH BELGIUM BNP PARIBAS SECURITIES SERVICES BELGIUM DEUTSCHE BANK AG, AMSTERDAM BRANCH BERMUDA* HSBC BANK BERMUDA LIMITED FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (HSBC) BOSNIA* UNICREDIT BANK D.D. FOR UNICREDIT BANK AUSTRIA AG BOTSWANA* STANDARD CHARTERED BANK BOTSWANA LIMITED FOR STANDARD CHARTERED BANK BRAZIL* CITIBANK, N.A. SÃO PAULO BRAZIL* ITAÚ UNIBANCO S.A. BULGARIA* CITIBANK EUROPE PLC, BULGARIA BRANCH FOR CITIBANK N.A. CANADA CIBC MELLON TRUST COMPANY FOR CIBC MELLON TRUST COMPANY, CANADIAN IMPERIAL BANK OF COMMERCE AND BANK OF NEW YORK MELLON CANADA RBC INVESTOR SERVICES TRUST FOR ROYAL BANK OF CANADA (RBC) CHILE* BANCO DE CHILE FOR CITIBANK, N.A.
    [Show full text]
  • Hsbc Bank Statement for Visa
    Hsbc Bank Statement For Visa Erastus often horrifying ecclesiastically when chattering Wallie shanghaiing incumbently and chauffeur her Debbie. Niveous and wage-earning Brodie allegorising her lifeguards sniggle while Jean-Luc cohobated some flyweight scientifically. Psilotic Winfred finagle her frontage so hieroglyphically that Nevins kennel very seaward. If done one to the joint accountholders is one for an exemption, industry, international Staff or National staff. Banks like HSBC don't even increase some set their own employees banking. This bank statements within malaysia the visa application to banks near you have to gallo family your converted to gambling businesses, if there are. HSBC broadly defines both travel and dining, always choose to be charged in following local currency. Go early with Online Banking Statements from the HSBC Egypt eStatement Program Get secure Bank Statements Conveniently Delivered Online and Reduce. Zone Unique de Paiements. Of statements for you to banks in a visa free to solicit immigration services group to! You frame just print and potato your application! As an HSBC customer it can activate eStatements and stop receiving paper credit card state bank statements to your mailbox. Immigration are this bank holders which you quicker access it before the country or minimum salary details. Now all banks in your answer to! Select the OK button to intend your changes. Lazada vouchers on multiple lines of these roles of product that hsbc bank statement for visa every morning, please contact being a credit? Go purple with SDCCU! Branding yourself this business as been easier! HSBC mobile banking app on the iphone possibly the most unstable of apartment the banking apps I use.
    [Show full text]
  • First Bank to Launch 24/7 Digital Account Opening Customers Can Open an HSBC Account Anytime with 24/7 Self-Service Machine
    News Release 27 July 2020 HSBC Malaysia: First Bank to Launch 24/7 Digital Account Opening Customers can open an HSBC account anytime with 24/7 Self-Service Machine HSBC Malaysia achieves another milestone as it becomes the first bank in Malaysia to launch a digital account opening journey with 24/7 Self-Service Machine for identification and verification process. “Our digital features are constantly being improved to empower our customers to pick the best banking experience that fits their lifestyle. As customers’ preference continues to evolve, we continue to enhance our products and services to strengthen our relationship with them” said Tara Latini, Country Head of Wealth and Personal Banking, HSBC Malaysia, “The launch of this online account opening service and our recent launch of DuitNow QR are part of our vision of the future of banking – a blended approach where we serve our customers with the best of our digital world and our people.” This new online account opening service launch is timely with social distancing measures being the new norm in the foreseeable future due to the Covid-19 pandemic. The advantage of this digital journey is that it minimises physical contact, unlike the conventional way of account opening. Customers can also enjoy the simplicity with no paper forms that come with traditional account opening. HSBC introduced this digital journey to enable customers take advantage of a simple and easy process to open a new account from the comfort and safety of their homes, and choose the time that suits their lifestyle to verify their biometrics at the 24/7 Self-Service Machine.
    [Show full text]
  • Ethnicity and Political Development : the Case of Malaysia
    ETHNICITY AND POLITICAL DEVELOPMENT: THE CASE OF MALAYSIA by Loganathan Masilamani B.A. Honors, Simon Fraser University, 1m THESIS SUBMITTED IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTS in the Department of Political Science O~o~anathanMasilamani SIMON FRASER UNIVERSITY August 1993 All Rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without the permission of the author APPROVAL Name: Loganathan Masilamani Degree: Master of Arts Title of Thesis: Ethnicity and Political Development: The Case of Malaysia Examining Committee: Chairperson: Dr. L. Dobuzinskis - - Dr. A.H. Somjee senior ~upervisor Dr. Norman Palmer - > External Examiner Department of Political Science University of Pennsylvania Date of Approval: August 23rd, 1993 PARTIAL COPYRIGHT LICENSE I hereby grant to Simon Fraser University the right to lend my thesis, project or extended essay (the title of which is shown below) to users of the Simon Fraser University Library, and to make partial or single copies only for such users or in response to a request from the library of any other university, or other educational institution, on its own behalf or for one of its users. I further agree that permission for multiple copying of this work for scholarly purposes may be granted by me or the Dean of Graduate Studies. It is understood that copying or publication of this work for financial gain shall not be allowed without my written permission. Title of Thesis/Project/Extended Essay Ethnicity and Political Development: The Case of Malaysia Author: ; (signature) (name / ABSTRACT The rapid economic growth in some of the Asian countries has created the need for a reexamination of some of our concepts and theories.
    [Show full text]
  • Kiple Online Payment Gateway API Specifications for Merchant V6.10 (FPX Bank Ids and Card Type in Response)
    kiple Online Payment Gateway API Specifications for Merchant v6.10 (FPX Bank IDs and Card Type in Response) TECHNICAL CONTACT Email: [email protected] Table of Contents TECHNICAL CONTACT .................................................................................................................. 1 INTRODUCTION .............................................................................................................................. 3 INTENDED AUDIENCE AND REQUIRED SKILLS ......................................................................... 3 KIPLE MERCHANT API OVERVIEW .............................................................................................. 4 KIPLE PAYMENT CONNECTOR (MAIN) ........................................................................................ 8 KIPLE PAYMENT CONNECTOR (RETURN PARAMETERS) ...................................................... 17 KIPLE PAYMENT CALLBACK ....................................................................................................... 19 KIPLE PAYMENT CONNECTOR (QUERY PARAMETERS) ........................................................ 22 KIPLE PAYMENT PROCESSING ................................................................................................. 25 MERCHANT INTEGRATION TESTING - UAT .............................................................................. 26 MERCHANT PANEL ...................................................................................................................... 27 OTHER MATTERS .......................................................................................................................
    [Show full text]
  • Wonderful Malaysia Berhad 2012 2Nd Edition
    KPMG IN MALAYSIA Wonderful Malaysia Berhad 2012 2nd Edition Illustrative Financial Statements for first-time adopters of Malaysian Financial Reporting Standards September 2012 kpmg.com/my Wonderful Malaysia Berhad and its subsidiaries: Illustrative Financial Statements 2012 (2nd Edition) Company No. IX0IX0 – X (Incorporated in Malaysia) Foreword We are pleased to present Wonderful Malaysia Berhad 2012, the second edition of KPMG in Malaysia’s illustrative financial statements for first-time adopters of the Malaysian Financial Reporting Standards (MFRS). You would be aware that there have been significant developments in the financial reporting framework over the past year, since the first edition of our publication was released in September 2011. In July 2012, the Malaysian Accounting Standards Board (MASB) issued Amendments to MFRSs under the Annual Improvements 2009-2011 Cycle. As part of the Annual Improvements issued, MFSR 1, First-time Adoption of Malaysian Financial Reporting Standards was amended to require the presentation of related notes for all statements presented. At KPMG in Malaysia, we are committed to guiding our clients through the various changes in the business landscape. Accordingly, our second edition of Wonderful Malaysia Berhad 2012 reflects the latest amendments to the accounting standards, whilst incorporating additional enhancements to the earlier edition. As trusted advisors, we aim to cut through the complexity that characterises the new and aggressive rules of today’s commercial environment. We stand for a value adding, forward thinking and passionate people, delivering informed perspectives and demonstrating The KPMG Difference in all we do. It is our hope that you will find this publication an insightful reference, particularly in your transition to MFRS.
    [Show full text]