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CREATING OPPORTUNITIES, GROWING VALUE Creating Opportunities, Growing Value
CREATING OPPORTUNITIES, GROWING VALUE Creating Opportunities, Growing Value The cover for our Integrated Annual Report reflects the focus that we place on our key roles and purpose in the Malaysian capital market. The deliberately minimalistic approach allows our mission statement to stand out from any distractions, while the figurative bull and bear reflect the symbols long associated with the stock market. Overall, the cover reflects our continuing value creation efforts regardless of the market conditions. TABLE OF CONTENTS SECTION ABOUT POSITIONED FOR THIS REPORT VALUE CREATION 2 Continuing Our Integrated Reporting Journey 5 Who We Are 2 Scope and Boundaries 7 Our Performance 2 Material Matters 8 Our Value Creation Model 2 Reporting Principles and Framework 12 Overall Market Performance 2 Navigation Icons 14 Market Highlights 3 Forward-Looking Statement and Disclaimer 16 Corporate Events and News 3 Board of Directors’ Approval 20 Peer Comparison 22 Upcoming Financial Calendar Events SECTION SECTION OUR GOVERNANCE ADDITIONAL INFORMATION 81 Who Governs Us 129 List of Properties Owned by Bursa Malaysia Group 92 Who Leads Us 130 Statistics of Shareholdings 94 Key Senior Management 143 Additional Compliance Information Disclosures 95 Corporate Structure 96 Other Corporate Information 97 Corporate Governance Overview 107 Marketplace Report: Fair and Orderly Markets 114 Statement on Internal Control and Risk Management 123 Audit Committee Report VISION MISSION To be ASEAN’s leading, Creating Opportunities, sustainable and Growing Value globally-connected -
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. -
Malaysia Politics
March 10, 2020 Malaysia Politics PN Coalition Government Cabinet unveiled Analysts PM Tan Sri Muhyiddin Yassin unveiled his Cabinet with no DPM post and replaced by Senior Ministers, and appointed a banker as Finance Minister. Suhaimi Ilias UMNO and PAS Presidents are not in the lineup. Cabinet formation (603) 2297 8682 reduces implementation risk to stimulus package. Immediate challenges [email protected] are navigating politics and managing economy amid risk of a no Dr Zamros Dzulkafli confidence motion at Parliament sitting on 18 May-23 June 2020 and (603) 2082 6818 economic downsides as crude oil price slump adds to the COVID-19 [email protected] outbreak. Ramesh Lankanathan No DPM but Senior Ministers instead; larger Cabinet (603) 2297 8685 reflecting coalition makeup; and a banker as [email protected] Finance Minister William Poh Chee Keong Against the long-standing tradition, there is no Deputy PM post in this (603) 2297 8683 Cabinet. The Constitution also makes no provision on DPM appointment. [email protected] ECONOMICS Instead, Senior Minister status are assigned to the Cabinet posts in charge of 1) International Trade & Industry, 2) Defence, 3) Works, and 4) Education portfolios. These Senior Minister posts are distributed between what we see as key representations in the Perikatan Nasional (PN) coalition i.e. former PKR Deputy President turned independent Datuk Seri Azmin Ali (International Trade & Industry), UMNO Vice President Datuk Seri Ismail Sabri Yaakob (Defence), Gabungan Parti Sarawak (GPS) Chief Whip Datuk Seri Fadillah Yusof (Works) and PM’s party Parti Pribumi Malaysia Bersatu Malaysia (Bersatu) Supreme Council member Dr Mohd Radzi Md Jidin (Education). -
February 11, 2016 the Honorable Mr. Barack Obama President of The
February 11, 2016 The Honorable Mr. Barack Obama President of the United States of America The White House 1600 Pennsylvania Avenue, NW Washington, DC 20500 Dear Mr. President, As members of parliament from Southeast Asia, dedicated to the promotion and protection of human rights, we write to express our desire for you to make discussion of human rights and the democratic aspirations of the people of ASEAN a priority during the upcoming summit at the Sunnylands estate in California on 15-16 February 2016. As you are surely aware, democracy is struggling in Southeast Asia. Many countries in our region have taken dramatic steps backward in the past two years. While Southeast Asia appeared to be on the cusp of a genuine political transformation only a few years ago, more recently the region has instead witnessed military takeovers, the rollback of fundamental rights, intensifying government-sponsored discrimination against ethnic and religious minorities, and the increasing persecution of activists and opposition voices, including fellow parliamentarians. These setbacks constitute a fundamental threat to the future of the ASEAN Community and the US relationship with it. While we recognize and understand your administration’s desire to strengthen trade and security cooperation with Southeast Asian governments, we urge you to proceed with caution. Human rights, democracy, and basic dignity cannot take a backseat to economic or security prerogatives. Open dialogue on fundamental political and rights-based questions is vital to ensuring the sustainability of bilateral relationships and promoting broad-based benefits of trans-Pacific cooperation. When you sit down with ASEAN leaders in California, we urge you to press them on unfulfilled human rights commitments and to directly raise specific concerns with them. -
MALAYSIA STATISTICS CONFERENCE (Mystats 2015) PROCEEDINGS
MALAYSIA STATISTICS CONFERENCE (MyStats 2015) PROCEEDINGS Malaysia Statistics Conference (MyStats 2015) Proceedings Enhancing Statistics in an Inter-connected and Digital World 17 November 2015, Sasana Kijang Organised by Contents Foreword ......................................................................................................................................................................................5 Conference Summary ..............................................................................................................................................................7 Keynote Address Senator Dato' Sri Abdul Wahid Omar ..............................................................................................................................12 Closing Remarks Dr. Mohd Uzir Mahidin...........................................................................................................................................................17 Advancement of Data Transmission through METS Tan Bee Bee................................................................................................................................................................................19 Synergising GST Rate with Direct Tax Rate in Sustaining Economic Growth in Malaysia: Is There A Laffer Curve? Sherly George and Y.B.Prof Dr Syed Omar Syed Agil .................................................................................................23 Development of ICT in Garnering Statistics Sabri Omar..................................................................................................................................................................................39 -
Maybank Annual Report 2013 – Corporate Annual Report 2013
Maybank Annual Report 2013 – Corporate ANNUAL REPOrt 2013 ANNUAL REPOrt Shareholder Returns 15.1% Regionalisation Dividend per share 53.5 sen Return on Equity Higher loans growth and PBT growth in overseas markets Earnings per share 75.8 sen BRIDGING WORLDS IN ASIA CTAP URING THE FLOW OF BUSINess AROUND THE WORLD INTO ASIA THROUGH OUR NETWORK Reach Opportunity Market Community People 2 MAYBANK • ANNUAL REPORT 2013 CONTENTS Page 6 CHAIRMAN’S STATEMENT “Your Company has performed strongly once again with record Profit After Tax and Minority Interest (PATAMI), growing at double digits, reaching RM6.55 billion at end of 2013.” This annual report Page 8 is available on the web at GRU O P PresIDENT & CEO’S STATEMENT www.maybank.com/ar2013 “A strategic imperative in managing the Maybank Group is ensuring the strength of our balance sheet. Our clients who have chosen our institution to place their funds, have to be assured that their savings are secure, not just for today but for generations to come.” To contact us, please refer to page 181 for Corporate Information and page 182 for AT A GRUS O P TRATEGY & Group Directory. GLANCE ACHIEVEMENts 4 Highlights of 2013 28 Our Strategy & Achievements 32 Key Performance Indicators 34 Five-Year Group Financial Summary M ESSAGE TO 36 Simplified Group Statements of ANNUAL REPOrt 2013 Financial Position FINANCIAL STATEMENts SHAREHOLDERS 6 Chairman’s Statement 37 Group Quarterly Financial Performance 8 Group President & CEO’s Statement 37 Key Interest Bearing Assets and Liabilities 38 Statement of Value Added -
Uproar After 1MDB Vanishes from 11MP Malaysiakini.Com May 21, 2015 by Kow Gah Chie & Zikri Kamarulzaman Five Years Ago Pr
Uproar after 1MDB vanishes from 11MP MalaysiaKini.com May 21, 2015 By Kow Gah Chie & Zikri Kamarulzaman Five years ago Prime Minister Najib Abdul Razak mentioned in the Tenth Malaysia Plan that the Kuala Lumpur International Financial District (now known as Tun Razak Exchange) and Bandar Malaysia are strategic developments that will drive the nation's transformation agenda. Fast forward to today, Najib's debt-ridden controversial brainchild, the 1Malaysia Development Bhd (1MDB), is conspicuously absent from the Eleventh Malaysia Plan. "We were all waiting to hear the national blueprint to solve the 1MDB issue... it was mentioned in 10MP and it completely disappeared from 11MP. But the problem is still here," Kelana Jaya MP Wong Chen (photo) chided. "After five years of 1MDB, what you have now is a big scandal, so I would imagine the prime minister would not try to avoid the issue, instead take the bull by its horns and say what is to be done about 1MDB," he added. Avoid another 1MDB scandal Selangor Menteri Besar Azmin Ali said not addressing this issue would have a negative effect on investor confidence. "Recent incidents like 1MDB and Tabung Haji were not touched at all (in terms) of steps the government will take (to solve it). "This will cause investor confidence, locally and abroad, to erode (and make it difficult) to expand our economy," Azmin (photo), who is Gombak MP, told reporters at the Parliament lobby. Meanwhile, Bayan Baru MP Sim Tze Tzin hoped the government would improve on its execution of the 11MP, to avoid another 1MDB scandal. -
News Release
News Release 23 February 2007 Kuala Lumpur TM RECORDS HIGHER NET PROFIT OF RM2.069 BILLION GROUP RESULTS Revenue increased by 17.6% to RM16.4 billion EBITDA improved to RM7.5 billion Group’s mobile customers surpassed 28 million Telekom Malaysia Berhad (TM) recorded a Profit After Tax and Minority Interest (PATAMI) of RM2.069 billion for the financial year ended 31 December 2006. The healthy performance was mainly attributed to higher group revenue, better cost and financial management and foreign exchange gain. The Group recorded PATAMI of RM811.3 million in 2005 where the provision for a claim in respect of the award to DeTeAsia Holding GmbH of RM879.5 million that was made in the fourth quarter of 2005 caused a huge dent to the Group’s profit. Revenue in 2006 grew by 17.6% to RM16.4 billion compared to RM13.9 billion recorded in 2005. This was mainly driven by mobile, data services and Internet and multimedia segments of the Group’s business. Revenue composition for 2006 full year results: FY 2005 FY 2006 % Contribution % Contribution (RM mil) (RM mil) Fixed Services: Fixed Line and Data, and Internet & 7,589.7 54.4 7,482.5 45.6 Multimedia Mobile Domestic 4,281.8 30.6 4,424.0 27.0 Mobile Overseas 1,770.7 12.7 4,140.5 25.2 Others 300.2 2.2 352.2 2.2 TOTAL REVENUE 13,942.4 100.0 16,399.2 100.0 The Group also registered healthier Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of RM7,529.6 million, an improvement from RM5,213.3 million registered in 2005. -
History of Asian Communism 315 1 Are the Specialists Who Examine the Spread of Communism in a Wider Geographical 2 and Historical Context Than the Modern Nation State
1 14 Towards a geo- history of Asian 2 3 Communism 4 5 The case of early Sino-Vietnamese 6 revolutionary overlaps 7 8 9 Christopher E. Goscha 10 11 12 Introduction 13 14 The anti-Communist “Red Scares” in the United States and parts of Asia 15 obsessed with Chinese Communist “expansionism”, the Vietnam War and its 16 radicalisation of intellectual and political circles, and especially the violent melt- 17 down of Asian Communism in the late 1970s have never made it easy to study 18 Asian Communism in cool- headed ways. During the height of the Cold War, 19 only anti- Communists and defenders of the “domino theory” spoke of the 20 “spread” or “expansion” of Chinese and Vietnamese Communism into East and 21 Southeast Asia. Anti- Communist states in Southeast Asia often transformed 22 long- standing Chinese communities into “Fifth Columns” working secretly for 23 Beijing. The “Overseas Chinese” were often equated with “Communists” by 24 Indonesian offcials, while the Thais adopted remarkably similar policies towards 25 the “overseas Vietnamese” concentrated in northeast Thailand. If the Sino- 26 Vietnamese Communist alliance in the early 1950s convinced many Western 27 leaders that the Asian dominos would fall to the Chinese communists, the violent 28 fall- out between Vietnamese and Chinese Communists in 1979 saw Chinese and 29 Vietnamese Communist allies break, violently, over the control of former French 30 Indochina and purge their longstanding interactions from the offcial historical 31 record. He or she who writes on Asian Communism in transnational ways must 32 still tread very carefully because offcial and not so offcial historiographies of 33 the Cold War in Asia remain mined. -
Saiful Says Father 'Influenced' Into Apologising to Anwar Malaysian
Saiful says father ‘influenced’ into apologising to Anwar Malaysian Insider May 2,2013 By Md Izwan PETALING JAYA, May 2 ― In an anticipated move, Saiful Bukhari claimed his father Azlan Mohd Lazim was swayed into apologising to Datuk Seri Anwar Ibrahim after the latter retracted his apology and maintained that his son’s sodomy complaint against the opposition leader was not a plot. Saiful (picture) also claimed to have sworn on the Quran for the second time, this time in before the Kaabah in the Muslim holy land of Mecca, to back his allegation that he was sodomised by the PKR de facto leader. The former aide Anwar said it was clear that his father was persuaded by PKR to make the public apology because the leader who arranged the closed-door press conference on March 8 was one of the party’s top leaders, Datuk Johari Abdul. “Is it not clear that the individual who arranged the closed-door press conference was PKR leader Datuk Johari. “I do not know who instigated my father but it is obvious that the party leader is close to my father,” Saiful told a press conference at The Club, in Bandar Utama here. Azlan claimed yesterday that “certain quarters” had influenced him to apologise to Anwar and say it was a political conspiracy in a closed-door press conference last March 8. “Today, I retract my apology to Datuk Seri Anwar Ibrahim and stress that my son’s sodomy case is true. “It isn’t a political conspiracy,” he told a press conference at a hotel in Kajang, adding he will now quit PKR. -
December 10, 2009 H.E. Ambassador Michel Kafando President of the United Nations Security Council Permanent Representative of Bu
OFFICE OF SENATOR AZUMA KONNO OFFICE OF SENATOR TADASHI INUZUKA December 10, 2009 H.E. Ambassador Michel Kafando President of the United Nations Security Council Permanent Representative of Burkina Faso to the United Nations 866 United Nations Plaza, Suite 326/327 A New York, NY 10017, U.S.A Fax: 1(212) 308 4690 H.E. Mr. Ban Ki-moon Secretary-General of the United Nations United Nations New York, NY 10017, U.S.A Fax: 1(212) 963 2155, 1(212) 963 1185 Via facsimile Your Excellencies, On behalf of 442 Members of Parliament from 29 countries around the world, we are writing to urge the United Nations Security Council to launch an investigation into crimes against humanity committed by the military regime in Burma (Myanmar) and to impose a global arms embargo on that regime. Such action is long overdue. Burma’s military regime has carried out brutal attacks on its own people for decades. According to the Thailand Burma Border Consortium (TBBC), a humanitarian agency providing aid to Burmese refugees and displaced persons for 25 years, through these attacks, the regime has destroyed over 3,500 ethnic minority villages in eastern Burma since 1996. Here, at least 75,000 people were forced to leave their homes during this past year alone, and more than half a million people remain internally displaced. TBBC has described the situation in Burma as being comparable to the situation in Darfur. Furthermore, these crimes against humanity in Burma are well documented by various UN bodies, although none of them have taken effective action. -
Naskhah Belum Disemak
Bil. 27 Isnin 18 Jun 2012 MALAYSIA PENYATA RASMI PARLIMEN DEWAN RAKYAT PARLIMEN KEDUA BELAS PENGGAL KELIMA MESYUARAT KEDUA K A N D U N G A N JAWAPAN-JAWAPAN LISAN BAGI PERTANYAAN-PERTANYAAN (Halaman 1) RANG UNDANG-UNDANG: Rang Undang-undang Perubatan (Pindaan) 2012 (Halaman 18) Rang Undang-undang Kualiti Alam Sekeliling (Pindaan) 2012 (Halaman 41) USUL-USUL: Waktu Mesyuarat dan Urusan Dibebaskan Daripada Peraturan Mesyuarat (Halaman 17) Menangguhkan Mesyuarat Di Bawah P.M. 16(3) (Halaman 87) UCAPAN-UCAPAN PENANGGUHAN: ■ Penubuhan Suruhanjaya Siasatan Diraja Berhubung PATI Di Sabah – Y.B. Datuk Chua Soon Bui (Tawau) (Halaman 87) ■ Polis Gerakan Marin dan Polis Gerakan Am – Y.B. Tuan Er Teck Hwa (Bakri) (Halaman 88) Diterbitkan Oleh: CAWANGAN PENYATA RASMI PARLIMEN MALAYSIA 2012 DR.18.6.2012 i AHLI-AHLI DEWAN RAKYAT 1. Yang Berhormat Tuan Yang di-Pertua, Tan Sri Datuk Seri Panglima Pandikar Amin Haji Mulia, P.S.M., S.P.D.K., S.U.M.W., P.G.D.K., J.S.M., J.P. 2. “ Timbalan Yang di-Pertua, Datuk Dr. Wan Junaidi bin Tuanku Jaafar, P.J.N., P.B.S. J.B.S., J.S.M. (Santubong) – PBB 3. “ Timbalan Yang di-Pertua, Datuk Ronald Kiandee, A.S.D.K., P.G.D.K. (Beluran) – UMNO MENTERI 1. Yang Amat Berhormat Perdana Menteri dan Menteri Kewangan, Dato’ Sri Mohd. Najib bin Tun Abdul Razak, D.U.P.N., S.S.A.P, S.I.M.P., D.P.M.S., D.S.A.P., P.N.B.S., D.U.B.C.(T). (Pekan) – UMNO 2.