...STRICTLY PRIVATE AND CONFIDENTIAL Serial No. NNNNNNNNNN UNITED GROWTH BERHAD (Company No. 739648-W) Islamic Medium Term Notes pursuant to an Islamic Medium Term Notes Programme of RM2.2 billion under the Shariah principle of Musharakah Joint Lead Arrangers and Joint Lead Managers CIMB Investment Bank Berhad HSBC Amanah Malaysia Berhad (Company No: 18417-M) (Company No: 807705-X) 13 June 2012 IMPORTANT NOTICE Responsibility Statements This Information Memorandum has been approved by the directors of United Growth Berhad (Company No: 739648-W) (“UG” or “Issuer”) and UEM Group Berhad (Company No: 6551-K) (“UEM” or “Obligor”) and UG and UEM accept full responsibility for the accuracy of the information contained in this Information Memorandum. UG and UEM, after having made all reasonable enquiries, confirm that this Information Memorandum contains all information with respect to UG and UEM which is material in the context of the Islamic medium term notes programme of RM2.2 billion (“Programme”) and the offering of the Islamic medium term notes (“Sukuk”) under the Programme. The opinions and intentions expressed in this Information Memorandum in relation to UG and UEM are honestly held, have been reached after considering all relevant circumstances and are based on reasonable assumptions and there are no other facts in relation to UG and UEM or the Programme the omission of which would, in the context of the Sukuk issue, make any statement...
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...CHAIRMAN’S NOTE EXECUTIVE SUMMARY MODULE 1: ECONOMIC PERFORMANCE OF THE INDUSTRY Malaysian Economic Performance – Overview for the Year 2012 3 6 11 13 C&M Industry Performance – Overview 2012 Global and Malaysian GDP Growth Communications Services Contribution to Growth Bursa Malaysia ACE Market – An Overview of Licensees C&M Industry Financial Performance Overview Telecommunications Companies Broadcasters Trends of C&M Companies Financial Performance Digital Signature C&M Revenue by Services Market Segment ARPU Comparison Contribution of the C&M Industry to Bursa ...
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...International Review of Business Research Papers Vol.2. No.1 August 2006 pp.1-14 An Evaluation of SME Development in Malaysia Ali Salman Saleh∗ and Nelson Oly Ndubisi∗∗ Small and medium enterprises (SMEs) in play a vital role in the Malaysian economy and are considered to be the backbone of industrial development in the country. However, few studies examined their development, challenges and future prospects. Therefore, the aim of this paper is to examine and analyse the role of SMEs in different sectors as well as their major contribution to the economy. The paper goes further to review the existing literature as well as the empirical studies in order to identify the major challenges (domestically and globally) that face this sector. The key messages from the studies examined in this paper are that Malaysian SMEs still face many domestic and global challenges in achieving economies of scale and competing internationally. Among the challenges are the low level of technological capabilities and limited skilled human capital resources, a low level of technology and ICT penetration, low levels of research and development (R&D), a substantial orientation towards domestic markets, a high level of international competition (for example, from China and India), a high level of bureaucracy in government agencies, and internal sourcing of funds. These characteristics suggest that government programs and incentives are either insufficient or not delivered effectively enough to overcome...
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...1Malaysia is about Malaysians working together for the betterment of one another in all forms of opportunity and service. Let us take pride in that we have uplifted the betterment of our neighbour, brother and friend. Perhaps then as 1Malaysia we could appreciate the fact that in the grand scheme of things, we are all part of one great humanity. Honestly, I used to perceive One Malaysia as a political slogan until I read this set up of 1 Malaysia Foundation. Diversity of ethnicity, language and culture can never become one. Thus, the key is to understand, and to be understood. Thereby, all citizens can live in harmony with mutual respects. So, what ONE Malaysia could means most to me, is a fair business playing field. With the advancement of today’s network communication, no one can continue to hide in isolation. We should take the leap and start prospering the country with strong entrepreneur’s ability. We should not confine ourselves to think an earning of one is an expense of another. Let’s be competitive and redefine the standards. To me, It should be something above race and religion. Eventually "Freedom" will prevails. Beside that, 1Malaysia is more like a "one nation sharing the same spirit of patriotism". perhaps we should name it as "1Malaysian", then we're talking about unity. 1Malaysia is more like a "one nation sharing the same spirit of patriotism". perhaps we should name it as "1Malaysian", then we're talking about unity. To me, our diversity...
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...raise interest rates for a second time this year. Asian central banks are starting to remove the emergency monetary stimulus implemented to counter the global recession last year as inflation returns with an economic recovery. India has raised interest rates twice since Malaysia increased borrowing costs on March 4, and Singapore said this month it will allow its currency to strengthen. “Policy makers are confident the recovery is on solid footing and clearly want to move rates toward normal levels before prices begin spiraling,” Matthew Circosta, an economist at Moody’s Economy.com in Sydney, said before the report. “Malaysia’s inflation rate remains subdued, but the central bank is expected to continue normalizing the policy rate.” Bank Negara Malaysia raised interest rates for the first time in almost four years last month, saying the country’s recovery was “firmly established.” Southeast Asia’s thirdlargest economy may expand 4.5 percent to 5.5 percent this year, the central bank said in March. That’s more than the government’s October for growth of as much as 3 percent. Policy Meeting The central bank next meets on May 13 to decide on monetary policy. Economists at Citigroup Inc., Morgan Stanley and ING Groep NV are among those predicting Malaysia will raise rates from the current 2.25 percent. Malaysia may increase interest rates further to avert asset bubbles and discourage risky investments, even as inflation will likely remain “modest” this year, central bank Governor Zeti...
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...ringgit was removed. Then prime minister and finance minister Tun Mahathir Mohamad pegged the ringgit at RM3.80 to US$1. Malaysians started getting worried when the ringgit’s value dropped drastically immediately after global crude oil prices plunged in September 2014, depreciating 16.4 per cent against the US dollar. It is so bad that the Malaysian currency is now Asia’s worst performing exchange rate this year. Malaysia has so many crises right now. One of the main crises is 1MDB. From Singapore point of view, protecting the ringgit from political fallout out may end up costing Malaysia more than any bailout for the debt-ridden 1MDB state fund, given the rate at which the central bank has been using its reserves in recent weeks. Bank Negara Malaysia (BNM) has taken an iron-fisted approach, barely allowing the ringgit to move since early July as investors became increasingly unnerved by the deepening scandal over how 1 Malaysia Development Berhad got into $11 billion of debt. On the same time, Prime Minister Najib Razak sacked his deputy, who had called on him to give Malaysians a better explanation of where 1MDB's money went. Three other ministers were also shunted in the reshuffle. Najib also replaced the attorney-general. That’s show Prime Minister Najib Razak is thinking only for himself. He is doing that because he wants someone that back him up because of his...
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...into a managed floating system. This regime had lasted until July 1997, when BNM gave up to sustain the exchange rate in the wake of the Asian Crisis. Since September 2, 1998, the ringgit has been pegged to the US dollar at US$1.00=RM3.8010. History and development of exchange rate regime in Malaysia Ringgit Malaysia (RM) or Malaysian Dollar is known as the currency using by Malaysia, formally introduced in 12 June 1967. Prior of this date, Malaysia was under controlled and protected by the British, that time Malaysia are called Malaya and used the Malayan dollar as official currency. Malayan dollar also used by Singapore and Brunei on that period. On 12 June 1967, Ringgit Malaysia officially issued by the new central bank, known as Bank Negara Malaysia, replaced the Malaya and British Broneo dollar at...
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...American International Assurance Bhd. (AIA Bhd.) is one of Great Eastern competitors which are a leading life insurance organization in Asia with a unique heritage of serving customers across the world’s most dynamic region for 90 years.AIA Bhd. began operations in the country, in 1948 and with more than 60 years of local market presence. However, Great Eastern provides more product widely services than its competitors. Following is the SWOT analysis of Great Eastern:- SWOT analysis Strength * Strong performance. * Transferred locally incorporated public company, Great Eastern Life Assurance (Malaysia). * Certified as “Oldest and Largest Life Insurance” in Malaysia. * Licensed under the Insurance Act and regulated by Bank Negara Malaysia. * Parent company is Oversea-Chinese Banking Corporation (OCBC). Weakness * Agents of Great Eastern lack of professional service * Unable to fulfill customer’s requirement. Opportunities * Technology is improving to the point that...
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...guide and protect the interests of investment bank. MIBA also provide a forum for them to exchange views and idea, close collaboration, dialogue and consultation with supervision department and other market intermediaries. Since the association have been incorporation, the investment bank has played an important role to develop the Malaysia’s capital market. During the year 2005, the Association decided to have a new image that would patency represent their role, objectives and commitment to support the country’s desire of developing a efficient, innovation and competitive capital market. The Association’s new name and logo was launched on 3 December 2005 and effective 1 January 2006. The name and logo was launched by the Governor of Bank Negara Malaysia which is YBhg Tan Sri Dato’ Seri Dr Zeti Akhtar Aziz. The Association was officially known as “MALAYSIAN INVESTMENT BANKING ASSOCIATION”. The logo of Malaysian Investment Banking Association logo was form by few alphabets which is the short form of the association – MIBA. The central letters that strand for “Investment Banking”. The “investment banking is the heart of the organization while the “Malaysian & Association” are two supporting identity features. The stylish logo was represent the image of a strong organization with the stately history and solid performance. The main objective of the MIBA is support, promote, enhance and safeguard the interests and business of investment banks. They also promote the facilitate consultation...
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...To stabilise the residential property market, the latest measure by the Government to curb bulk buying is a step in the right direction to ensure a more equitable market that is led by real demand. Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan said developers selling more than four residential units to a single buyer or group must now obtain prior approval from the Controller of Housing. The new enforcement would be made compulsory in all real-estate advertising and sale permit materials. In order to prevent asset bubbles in Malaysia, a continuous monitoring by the Central Bank of Malaysia (CBM) on the property price trends and the introduction of appropriate measurements, such as the introduction of “My First Home Scheme” on 8 March 2011 will curb the real estate speculation activities and to support, stabilize and sustain the future of Malaysia’s Residential property market (Azhar, 2011). The Malaysia My First Home Scheme (MFHS) or Skim Rumah Pertamaku was introduced in early 2011 by the government with the sole purpose of assisting young adults, who have joined the workforce and earn RM3, 000 per month or less, to own their first home. This scheme allows young adults to obtain 100% financing from financial institutions (100% margin as opposed to the usual 90% offered by most banks), enabling them to own their first house without the need to pay a 10% down payment. Cagamas SRP Berhad will also guarantee the banks on financing above a 90%...
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...you will receive your credit card through registered mail or be requested to collect the card at the card issuer’s head office or branch. Next is terms and conditions. When you receive your credit card and other related documents, remember to read carefully and understand all the terms and conditions specified as it is binding document between you and the credit card issuer. It is also important to understand the various changes involved prior to using your credit card as this will help you to minimize unnecessary charges. Lastly is personal identification number (PIN). You will be given a PIN separately from your credit card for security purposes. This PIN will allow you to make cash advances with your credit card at the ATMs. Bank Negara Malaysia (BNM) requires only individuals with annual income above or at least RM 18000 to hold an ordinary or classic credit card. A prestige card such as Gold Card and Platinum Card is given to individuals with annual income above RM 48 000. It is similar to classic credit card except for the higher credit limit and additional perks are given to the cardholder. Benefits of credit cards There are many benefits of...
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...International Review of Business Research Papers Vol.2. No.1 August 2006 pp.1-14 An Evaluation of SME Development in Malaysia Ali Salman Saleh∗ and Nelson Oly Ndubisi∗∗ Small and medium enterprises (SMEs) in play a vital role in the Malaysian economy and are considered to be the backbone of industrial development in the country. However, few studies examined their development, challenges and future prospects. Therefore, the aim of this paper is to examine and analyse the role of SMEs in different sectors as well as their major contribution to the economy. The paper goes further to review the existing literature as well as the empirical studies in order to identify the major challenges (domestically and globally) that face this sector. The key messages from the studies examined in this paper are that Malaysian SMEs still face many domestic and global challenges in achieving economies of scale and competing internationally. Among the challenges are the low level of technological capabilities and limited skilled human capital resources, a low level of technology and ICT penetration, low levels of research and development (R&D), a substantial orientation towards domestic markets, a high level of international competition (for example, from China and India), a high level of bureaucracy in government agencies, and internal sourcing of funds. These characteristics suggest that government programs and incentives are either insufficient or not delivered effectively...
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...Credit Reporting and Risk Management Training When it comes to attending national conferences or seminars I get excited inside just from the opportunity to build and add on to my network. I’m a firm believer in the statement, “Your Network is Your Net Worth” as published in Hotep’s book A Hustler’s Ten Commandments. I ran across an article on World Bank’s website titled “Credit Reporting and Risk Management Training,” and it immediately sparked my interest. In September, representatives from several Caribbean nations attended a Credit Reporting and Risk Management Training seminar in Kuala Lumpur. The seminar was hosted by IFC and the Bank Negara Malaysia, and lasted five days. It served as a ‘crash course’ on credit reporting and retail risk management by: providing a detailed overview of the credit reporting industry including issues related to collateral registries, systems development, modern risk management strategies, and the development of new technologies. The seminar also illustrated international best practices and success cases and providing data on different models and value-added services; highlighting the benefits of proper financial infrastructure for lenders, borrowers and the economy; and highlighting the roles and responsibilities for regulators and private credit bureaus. There was an all-star crew of representatives that included representatives of central banks, banking supervisors, lenders’ associations, donors, microfinance institutions and private...
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...Now, RON97 petrol price also rises by 15 sen from midnight ... file:///Volumes/AG COCO/Now, RON97 petrol price also rise... About Us | Mobile | Subscribe | E-Paper Facebook Twitter RSS News Malaysia World Money Life Showbiz Opinion Sports Eat/Drink Travel Read Tech/Gadgets Drive Gallery Videos New Toyota Hybrids facebook.com/ToyotaHybridSolution We Want Malaysian Authors www.TraffordPublishing.com.sg/MY Find A Dealer Today to Experience Fuel Efficiency & Improved Mileage. Start Publishing Your Book. Get A Free Book Publishing Guide Now! Last updated Tuesday, October 08, 2013 05:48pm Search Kuala Lumpur 31 °C, Mostly Cloudy Malaysia Now, RON97 petrol price also rises by 15 sen from midnight New Toyota Hybrids Find A Dealer Today to Experience Fuel Efficiency & Improved Mileage. facebook.com/ToyotaHybridSolution Be A Published Author in Malaysia. Get Free Guide & Learn How! www.TraffordPublishing.com.sg Malaysian Authors Wanted Kuala Lumpur Hotel Enjoy the best rates in KL when you book with us! holidayvillaapartmentsuiteskl.com BY JOSEPH SIPALANSeptember 4, 2013 1 of 6 10/8/13 8:08 PM Now, RON97 petrol price also rises by 15 sen from midnight ... file:///Volumes/AG COCO/Now, RON97 petrol price also rise... Tools Increase Text Decrease Text Reset Text Print Article Share with Others 0 0 Google + 0 0 Comments (2) Biz Updates From PR Newswire Adsorbents Market Worth $3.8 Billion by 2018 Frost & Sullivan Shortlisted for...
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...SH2002 Shariah issues in Islamic finance Title Shariah Issues in Takaful: Nomination and Hibah Semester Sept 2013 Name: Fatima Zahra Habib Eddine Matric No: 1300135 Abstract _________ Fatima Zahra Habib Eddine 1300135 Although is having a rapid growth the Takaful Industry has some Shariah issues still unsolved. Mainly in the Family Takaful (Islamic life insurance) not all Scholars agree on the nomination practice. This issue will be discussed in the first chapter. When nomination is accepted not all Scholars agree whether the appointed person is a sole recipient of the gift (hibah) or an executor. The Shariah Advisory Council of Bank Negara Malaysia faced the issue. However there are still some open discussions and inconsistencies in regulations. Key terms of the research Takaful, nomination, hibah, Shariah issues, family takaful. 2 Shariah Issues in Takaful Objectives of the research: Fatima Zahra Habib Eddine 1300135 The principal objective of the research is to present the Shariah issues during the application of the nomination and the hibah in the Family takaful plans by the takaful operators. Therefore, the research will discuss: • • • • • The nomination practice in the Family takaful plans; The application of the hibah practice to the takaful proceeds; The role of the nominee in a Family takaful...
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