Actuarial Society of Malaysia’s Post

Our Swipey colleagues are at the Malaysian Institute of Accountants AFT event — sharing tips on how to automate daily finance activity and quickly get valuable finance insights. Super useful for both (1) accounting firms (2) clients of accounting firms (think book keeping or audit) Pop by for a chat to talk to our team with some Nespresso in hand!

What an interesting turn of event - maybe our SG Competition Commission can get some collaboration effort going with Indonesia's KPPU who appears intent on getting to the bottom of this. This will need some number crunching done. Probably go to Acra and get the financials of the SG operating companies.... https://lnkd.in/d6YmtAp5

Good Morning #porto 🍵 Did you know that the 1st International Congress on the Histor of Accounting will take place on October 10-11, 2024 in Porto? This year theme will be "The cultural and social dimension of #accounting" It is intended that this event be a milestone and a reference, contributing with another step to bring academia and the profession close together. 🤝 . .. #OrderOfCertifiedAccountants #OCC #InternationalCongressOfAccountingHistory #icah #portugal #portoportugal #portugalaccountancy #portugalaccountant #accountants #accountantuk #accountantinlagos #ElevateAccounting

Last year, Bangkok changed everything. In Bangkok with G Sujenthiran, nerves were high. We felt uncertain about our approach, dreading the fallback to sleazy sales pitches. As we entered the ballroom, conversations inevitably slid into pitches. Our offerings, repeated like a mantra, to nodding heads and polite smiles. Then, Deniz walked in. Shirt unbuttoned, hair slicked back—confidence personified. Speaking with Deniz was effortless. Our dialogue flowed from forensic services to expansion dreams in the insurance industry, across continents. The night evolved from formal introductions to exploring Bangkok's vibrant heart. A pact (🐺) formed among the city lights: to conquer markets in Asia, Australia, and beyond together. Deniz Bekir 🐺, not just a face in the crowd but the force behind Silver Wolf Projects - NSW | VIC/TAS | QLD | ACT | SA/NT | WA, a titan in forensic engineering within Australia's insurance sector. A year of collaboration followed. Indonesia, Iraq, Malaysia, Australia—our ventures spanned the globe, with Deniz often bridging gaps to new territories. Now, as the sun completes its orbit, Deniz joins us again in Kuala Lumpur. This conference is not just a reunion; it's a showcase of possibilities initiated by a single meeting. In 2 nights, we toast to partnerships at the AICLA cocktail event. When you meet the right person, pursue it relentlessly. Big things await. #ApprovedWolves

🍬Sweet Dreams Are Made of These This was the first time that I was presenting at Director Jake Yu’s office and that too to his entire team (representing AIA Singapore Pte Ltd) including his new joiners. The occasion was the rollout of our newly launched investment sales coaching programmes : 1. UT/ILP Investment Sales Master Class. This sets you up for investment sales success 2. UT/ILP Master Class Refresher. This revises summarizes and refines the concepts learnt in the full master class. 3. Advanced/Applied Principles of UT/ILP Investing. Prepares you so that there are no surprises in the investment journey. We had a fast paced presentation interspersed by a number of questions. When I work with Jake he insists that there should be value for attendees beyond a sales pitch. This challenges me to do my best and create something new. In the picture, Sarah Kong receives the prize for her enthusiasm in answering our special quiz question. The entire experience was the stuff sweet dreams are made of. #LookingAtInvestingInANewLight #InvestingCanBeEasy
#LBFalumni #SkyHighTower

When the hosts of 📺 RTM1 Selamat Pagi Malaysia, Munawar Azmi & Hanie Hamid directly ask me if we had the solution to the issues discussed during the ℕ𝕒𝕥𝕚𝕠𝕟𝕒𝕝 𝔽𝕚𝕟𝕒𝕟𝕔𝕚𝕒𝕝 𝕎𝕖𝕝𝕝𝕓𝕖𝕚𝕟𝕘 𝕊𝕦𝕞𝕞𝕚𝕥 𝟚𝟘𝟚𝟛 organised by Asia Pacific University of Technology and Innovation (APU / APIIT), here are my responses! 👨⚖️ It is essential for the 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 to establish policies and regulations that promote financial literacy and access to resources for individuals and families. 👬 𝐀𝐆𝐄𝐍𝐂𝐈𝐄𝐒 can also play a crucial role by providing support and resources to those in need. 🏛 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘 𝐏𝐀𝐑𝐓𝐍𝐄𝐑𝐒 can also contribute by offering fair wages, benefits, and opportunities for advancement to their employees. 👩🏫 𝐀𝐃𝐕𝐎𝐂𝐀𝐓𝐄𝐒 and community organizations can advocate for policies and practices that promote financial wellbeing, as well as provide support and resources to those who are struggling financially. 👨👩👧👦 While officiating, the CEO Datuk Parmjit Singh highlighted the critical role of 𝐏𝐀𝐑𝐄𝐍𝐓𝐒 in promoting financial literacy, a topic he believes is often neglected today. Overall, promoting financial wellbeing requires a collaborative effort from 🅰🅻🅻 parties involved. By working together, we can create a more inclusive and equitable economic that benefits everyone. Lalua Rahsiad 🖤❤️ Asia Pacific University of Technology and Innovation (APU / APIIT) #roadtonfws24 #throwback #financialwellbeing #equitableeconomic #sustainablenation

Privatizing MAHB: Are We Giving Away Too Much? MAHB is back on its feet, with RM4.91 billion in revenue and over RM543 million in profit last year—a clear sign of its resilience and importance to Malaysia’s economy. So why is there a rush to privatize it at RM11 per share, a price many believe doesn’t reflect its true value? This decision could have long-term consequences for Malaysia’s connectivity, tourism, and even public trust. Are we prioritizing short-term gains over what’s best for the nation? We’ve shared a letter with the media to dive deeper into these questions, the risks, and why this deal needs more scrutiny. It’s not just about MAHB—it’s about our future. Take a moment to read it, and let us know what you think. https://lnkd.in/gUSDxFrN #Malaysia #MAHB #Aviation #PublicPolicy #NationalAssets #Leadership

KSL Capital Partners, a prominent private equity firm, found itself embroiled in controversy due to its investment in Soneva Resorts, led by Sonu Shivdasani. Despite KSL's reputation for operational expertise, the firm seemingly overlooked several red flags surrounding Soneva's questionable business practices. Soneva's association with Ahmed Adeeb, a former Maldivian minister imprisoned for corruption, raised concerns. Adeeb facilitated Soneva's dubious acquisition of the island for its Soneva Jani resort, implicating the resort in a broader corruption scandal. Furthermore, a fire at Soneva Kiri Resort in Thailand exposed the resort's non-compliance with safety standards, leading to charges against Shivdasani for negligence. Shivdasani also faced allegations of orchestrating a fraudulent scheme to deceive investors, casting doubt on Soneva's ethical conduct. While KSL's operational perspective is valuable, their due diligence process seemingly overlooked these ethical and legal concerns. This oversight serves as a cautionary tale, highlighting the need for investors to adopt a holistic approach that scrutinizes potential partners' integrity and ethical standards, beyond financial metrics. @kslcapitalpartners @soneva #duediligence #ethicalbusiness #investorscrutiny

The Malaysia Competition Commission (MyCC) has issued a proposed decision against 81 enterprises for allegedly engaging in price-fixing related to Umrah travel services. If proven true, this would represent not only a breach of the law, but arguably one of ethics, morals and religion, particularly given the subject matter on hand. It is important to emphasise and note that a proposed decision, as the term implies, is not final. This finding is provisional, and it should not be presumed that these enterprises have violated Section 4 of the Competition Act. The enterprises have the opportunity to present their defences or representations before MyCC reaches a final conclusion. Ultimately, MyCC may either uphold or overturn the proposed decision. Let's see what happens. #LCWP #MyCC #CompetitionLaw https://lnkd.in/gdQYUSkS

MAICSA is having a conference on 22 and 23 Oct 2024 at the Sime Darby Convention Center where we are honored to have special guest speaker YB Hannah Yeoh, Minister of Youth and Sports Malaysia. Once again there will be a diverse range of exciting sessions including well known speakers to share their views on a variety of thought provoking topics. If those have not signed up, please do so and join the hybrid MAICSA Annual conference as this flagship event is not be missed. YB Hannah Yeoh will touch on Sports Governance which is emerging as sports excellence highly equates with social, economic and political growth. Sports Governance enables national sports to achieve greater heights as a source of national pride, joy and honor for country and its people. It also helps to renew and reinvigorates people's interest and passion to actively engage in sports through various programs, projects and policies such that it provides a source of motivation and encouragement especially engaging the youth in sports activities which helps build leadership, community training and healthy lifestyle amongst others. Apart from the above, I am also honored to be moderating a session on how Artificial Intelligence(AI) is transforming in the light of data protection practices, highlighting current trends, legal frameworks and emerging challenges. Attendees will gain insights into the insights of AI driven data governance and risk mitigation strategies. From the Board’s perspective, the fundamental question in relation to risk management is whether there are controls in place to govern AI? What human intervention are in place? Is there backup strategy, and what are the external risks, laws as well as regulations that must be considered? From an ESG standpoint, what is the environmental impact with the implementation of AI? Does AI change the way the people work in an organization, and if so, is there a need for upskilling of staff and whether AI redefine roles or is there any need to redirect the workforce especially to areas where they can continue to add value which is important from a social standpoint. As companies continue to face challenges from rapid global crises, geopolitical complexities, and global economic uncertainties, from a governance perspective, the board needs to deepen their engagement to guide companies to have resilient governance in place especially on risk management when implementing technology. #maicsa members # artificial intelligence # chartered company secretary # directors #governance #chartered governance professionals #sports governance # technology transformation # inns of courts #company secretaries #CSIA# corporate governance