KUALA LUMPUR: Bank Negara Malaysia (BNM) has cautioned the public to be wary of companies or individual misusing acknowledgement letters to solicit investments in financial schemes involving gold and other precious metals.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/31/business/20120731162950&sec=business
Published: July 31, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=684539
Published: July 31, 2012
The central bank said on Tuesday it had received enquiries from the public about companies, which represented themselves as scheduled institutions with BNM, to solicit investments from the public.
Under the Banking and Financial Institutions Act 1989, a company that conducted either leasing, factoring, development finance or building credit activities would only receive a written acknowledgement from the bank.
"Such an acknowledgement letter by the bank does not amount to a business licence or approval by BNM in respect of the scheduled business stated in the acknowledgement letter, or other businesses carried on by the scheduled institution concerned," it said.
BNM said a register of scheduled institutions which obtained an acknowledgement was maintained for statistical purposes only.
"If a scheduled institution does not, or ceases to carry on, its scheduled business, BNM would proceed to withdraw its acknowledgement letter," it said.
Tuesday, July 31, 2012
Malaysia's Klibor unlikely to be manipulated
PETALING JAYA: The chances of interest rates on the Kuala Lumpur Interbank Offered Rate (Klibor) being manipulated is quite remote compared with interbank offered rates in other jurisdictions as it is closely tied to the overnight policy rate (OPR) coupled with the ample liquidity in the banking system, according to industry observers.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/31/business/11759438&sec=business
Published: July 31, 2012
Nevertheless, they agree that continuous monitoring of the Klibor and whatever rules that may be implemented to govern it is essential to ensure the effectiveness and integrity of the local interbank market.
Ernst & Young Malaysia partner, assurance (financial services), Chan Hooi Lam said the possibility of Klibor being open to rigging was lower compared to, for example, the London interbank offered rate (Libor), as the former was closely tied to the OPR which was determined and set by Bank Negara after considering liquidity and other related conditions.
“As the central bank is also able to inject and extract liquidity into and from the market using its available tools, the risk of distortion to the rate is lower. Libor, on the other hand, is determined in London based on the quotes provided by 18 large banks, the outliers (on the higher and lower ends) are excluded and the Libor is generally determined by averaging the rests.
“This relatively liberal process of fixing the rate requires high ethical standard observed by the banks. It is possible that this self-regulated process is exploited for personal purposes (not only by the banks but also the key personnel of the banks) without appropriate check and balance, including appropriate supervisory oversight from the regulators,'' he told StarBiz.
To further improve and enhance the interbank lending market, the Financial Markets Association of Malaysia in consultation with Bank Negara is looking at drafting rules which are expected to be out over the next few weeks.
Bloomberg in a recent report cited the association's president Datuk Lee Kok Kwan as saying that one of the proposals would be that the 12 banks, whose estimates were used to compile the Klibor, would be required to lend funds to other banks at that day's rate during a five-minute period from 11am every day.
The news agency also said the new rules would stipulate a spread between Klibor and the rate that the 12 participating banks must pay for deposits during that five-minute window.
Klibor is determined by a daily poll carried out on behalf of the association that asks 12 banks to estimate how much it would cost to borrow from each other. The highest and lowest submissions are excluded, and an average of the remaining 10 entries are calculated to set the rate at 11am local time.
Asked whether Bank Negara would review the setting up of interbank rate in Malaysia in line with what Singapore had recently done amid rate-rigging of the Libor in other jurisdictions, the central bank said in a statement: “We have not seen any problems associated with the Libor issue occurring in the Klibor market. Nevertheless, we can learn from the experience of other markets and further strengthen the processes. Bank Negara supports the banking industry's efforts to further enhance the Klibor setting process.”
Meanwhile, an industry observer felt there was no rigging of the Klibor as the banking system was flush with ample liquidity and was well capitalised. Furthermore, unlike some other countries, he added, Bank Negara could trace the lending and borrowing between banks that constituted the Klibor.
Chan said the lesson learnt from the Libor incident should not be taken lightly, adding that it should serve as a reminder that there might not be a permanent and perfect model in fixing a benchmark interest rate, but continuous monitoring and review of the process would ensure integrity of the resulting benchmark rate.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/31/business/11759438&sec=business
Published: July 31, 2012
Nevertheless, they agree that continuous monitoring of the Klibor and whatever rules that may be implemented to govern it is essential to ensure the effectiveness and integrity of the local interbank market.
Ernst & Young Malaysia partner, assurance (financial services), Chan Hooi Lam said the possibility of Klibor being open to rigging was lower compared to, for example, the London interbank offered rate (Libor), as the former was closely tied to the OPR which was determined and set by Bank Negara after considering liquidity and other related conditions.
“As the central bank is also able to inject and extract liquidity into and from the market using its available tools, the risk of distortion to the rate is lower. Libor, on the other hand, is determined in London based on the quotes provided by 18 large banks, the outliers (on the higher and lower ends) are excluded and the Libor is generally determined by averaging the rests.
“This relatively liberal process of fixing the rate requires high ethical standard observed by the banks. It is possible that this self-regulated process is exploited for personal purposes (not only by the banks but also the key personnel of the banks) without appropriate check and balance, including appropriate supervisory oversight from the regulators,'' he told StarBiz.
To further improve and enhance the interbank lending market, the Financial Markets Association of Malaysia in consultation with Bank Negara is looking at drafting rules which are expected to be out over the next few weeks.
Bloomberg in a recent report cited the association's president Datuk Lee Kok Kwan as saying that one of the proposals would be that the 12 banks, whose estimates were used to compile the Klibor, would be required to lend funds to other banks at that day's rate during a five-minute period from 11am every day.
The news agency also said the new rules would stipulate a spread between Klibor and the rate that the 12 participating banks must pay for deposits during that five-minute window.
Klibor is determined by a daily poll carried out on behalf of the association that asks 12 banks to estimate how much it would cost to borrow from each other. The highest and lowest submissions are excluded, and an average of the remaining 10 entries are calculated to set the rate at 11am local time.
Asked whether Bank Negara would review the setting up of interbank rate in Malaysia in line with what Singapore had recently done amid rate-rigging of the Libor in other jurisdictions, the central bank said in a statement: “We have not seen any problems associated with the Libor issue occurring in the Klibor market. Nevertheless, we can learn from the experience of other markets and further strengthen the processes. Bank Negara supports the banking industry's efforts to further enhance the Klibor setting process.”
Meanwhile, an industry observer felt there was no rigging of the Klibor as the banking system was flush with ample liquidity and was well capitalised. Furthermore, unlike some other countries, he added, Bank Negara could trace the lending and borrowing between banks that constituted the Klibor.
Chan said the lesson learnt from the Libor incident should not be taken lightly, adding that it should serve as a reminder that there might not be a permanent and perfect model in fixing a benchmark interest rate, but continuous monitoring and review of the process would ensure integrity of the resulting benchmark rate.
Monday, July 30, 2012
Lusuh: Mutu wang kertas baru dipersoal
Wang kertas baru yang diedarkan sejak 16 Julai lalu kini dipersoalkan pula mutu kertas yang digunakan apabila didapati ia mudah lusuh dan gambar yang tertera di pemukaan kertas itu mudah hilang.
Source from (Harian Metro): http://www.harian-metro-online.com/lusuh-mutu-wang-kertas-baru-dipersoal
Published: July 30, 2012
Demikian persoalan yang timbul di beberapa laman facebook.
Bank Negara Malaysia sebelum ini telah mengeluarkan kenyataan bahawa bertemakan ‘Keunikan Malaysia’, ciri-ciri yang mencorak budaya dan warisan serta keindahan alam semula jadi negara telah menjadi inspirasi dalam reka bentuk wang kertas terbaru itu.
Ia turut menampilkan teknologi wang kertas yang mengandungi ciri-ciri keselamatan yang lebih canggih termasuklah imej tanda bayang, tingkap pandang telus, potret tera air (watermark) dengan piksel dan angka, benang keselamatan dengan warna berubah-ubah, benang kanta mikro, tanda pandang telus dan petak kilat berwarna.
Namun dengan bukti yang ada, menjelaskan bahawa ciri kualiti tidak diambil berat oleh BNM terhadap pengeluaran wang kertas baru berkenaan.
Source from (Harian Metro): http://www.harian-metro-online.com/lusuh-mutu-wang-kertas-baru-dipersoal
Published: July 30, 2012
Demikian persoalan yang timbul di beberapa laman facebook.
Bank Negara Malaysia sebelum ini telah mengeluarkan kenyataan bahawa bertemakan ‘Keunikan Malaysia’, ciri-ciri yang mencorak budaya dan warisan serta keindahan alam semula jadi negara telah menjadi inspirasi dalam reka bentuk wang kertas terbaru itu.
Ia turut menampilkan teknologi wang kertas yang mengandungi ciri-ciri keselamatan yang lebih canggih termasuklah imej tanda bayang, tingkap pandang telus, potret tera air (watermark) dengan piksel dan angka, benang keselamatan dengan warna berubah-ubah, benang kanta mikro, tanda pandang telus dan petak kilat berwarna.
Namun dengan bukti yang ada, menjelaskan bahawa ciri kualiti tidak diambil berat oleh BNM terhadap pengeluaran wang kertas baru berkenaan.
Friday, July 27, 2012
Bank Negara works with malls
KUALA LUMPUR: Bank Negara is working closely with the management of shopping complexes, office buildings and public transport companies to ensure that their auto-pay stations are calibrated to accept the new notes issued for circulation on July 16.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/27/business/11740022&sec=business
Published: July 27, 2012
The new series comprise denominations of RM1, RM5, RM10, RM20 and RM100. The RM20 note was reintroduced in this new series.
A Bank Negara official said the bank welcomed efforts of the shopping complexes to calibrate the auto pay machines to accept new bank notes for the convenience of the public. — Bernama
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/27/business/11740022&sec=business
Published: July 27, 2012
The new series comprise denominations of RM1, RM5, RM10, RM20 and RM100. The RM20 note was reintroduced in this new series.
A Bank Negara official said the bank welcomed efforts of the shopping complexes to calibrate the auto pay machines to accept new bank notes for the convenience of the public. — Bernama
Thursday, July 26, 2012
Shopping Malls Calibrate Auto Pay Stations To Accept New Notes
KUALA LUMPUR: Bank Negara is working closely with the management of shopping complexes, office buildings and public transportation companies to ensure that their auto pay stations are calibrated to accept the new banknotes issued for circulation on July 16. The new series comprise denominations of RM1, RM5, RM10, RM20 and RM100. The RM20 note was reintroduced in this new series.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120726174954/Article/index_html
Published: July 26, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=683455
Published: July 26, 2012
ACCEPT NEW NOTES: Bank Negara operation and management
officer, Nor Aimah Mohd Nor showing the new notes for the
parking fees at Mid Valley Megamall. — Bernama photo
A Bank Negara official said the Bank welcomes efforts of the shopping complexes to calibrate the auto pay machines to accept new banknotes for the convenience of the public.
“By having the sticker pasted on the top right of the machine, it will indicate that the machine is ready to accept new banknotes” said a Bank Negara official at the event at Mid-Valley Megamall.
The mall has 22 auto-pay stations which were calibrated a day before the new notes were issued.
Carpark Manager Mohammed Rodzi Jaafar said Mid-Valley was one of the 28 shopping malls which already had auto pay stations that can accept the new notes.
He said the mall planned to add another eight machines, bringing the total to 30 machines, by year-end.
A housewife, Shannon Lim Sin Chi, 32, of Cheras said she did not see the sticker at auto pay machines in other shopping malls.
She said the auto-pay stations at Mid-Valley Megamall was up-to-date in terms of giving their best service to customers.
On July 16, the central bank had advised all relevant parties to expedite their machine calibration to accept the new banknotes for the convenience of the public.
Themed ‘Distinctively Malaysia’, the latest banknotes series draws its inspiration from the country’’s diverse culture, heritage and nature, and uses the latest technology to enhance security features.
These include shadow image, clear window, watermark portrait with pixel and highlighted numerals, colour shifting security thread, micro lens thread, perfect see-through register and coloured glossy patch. — Bernama
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120726174954/Article/index_html
Published: July 26, 2012
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=683455
Published: July 26, 2012
ACCEPT NEW NOTES: Bank Negara operation and management
officer, Nor Aimah Mohd Nor showing the new notes for the
parking fees at Mid Valley Megamall. — Bernama photo
A Bank Negara official said the Bank welcomes efforts of the shopping complexes to calibrate the auto pay machines to accept new banknotes for the convenience of the public.
“By having the sticker pasted on the top right of the machine, it will indicate that the machine is ready to accept new banknotes” said a Bank Negara official at the event at Mid-Valley Megamall.
The mall has 22 auto-pay stations which were calibrated a day before the new notes were issued.
Carpark Manager Mohammed Rodzi Jaafar said Mid-Valley was one of the 28 shopping malls which already had auto pay stations that can accept the new notes.
He said the mall planned to add another eight machines, bringing the total to 30 machines, by year-end.
A housewife, Shannon Lim Sin Chi, 32, of Cheras said she did not see the sticker at auto pay machines in other shopping malls.
She said the auto-pay stations at Mid-Valley Megamall was up-to-date in terms of giving their best service to customers.
On July 16, the central bank had advised all relevant parties to expedite their machine calibration to accept the new banknotes for the convenience of the public.
Themed ‘Distinctively Malaysia’, the latest banknotes series draws its inspiration from the country’’s diverse culture, heritage and nature, and uses the latest technology to enhance security features.
These include shadow image, clear window, watermark portrait with pixel and highlighted numerals, colour shifting security thread, micro lens thread, perfect see-through register and coloured glossy patch. — Bernama
Saturday, July 21, 2012
International reserves at RM429.4bil
KUALA LUMPUR: Bank Negara’s international reserves amounted to RM429.4bil (equivalent to US$134.4bil) as at July 13. The reserves position was sufficient to finance 9.4 months of retained imports and was 4.3 times the short-term external debt, said the central bank in a statement.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/21/business/11705199&sec=business
Published: July 21, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120720235537/Article/index_html
Published: July 21, 2012
It said the main components of the international reserves were foreign currencies (US$121.2bil), International Monetary Fund reserves (US$800mil), Special Drawing Rights (US$1.9bil), gold (US$1.9bil) and other reserves assets (US$8.6bil).
The central bank’s total assets, including international reserves, stood at RM479.72bil.
Its other assets included the Malaysian government papers (RM2.13bil), deposits with financial institutions (RM29.13bil), loans and advances (RM10.21bil), and other assets (RM8.86bil). — Bernama
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/21/business/11705199&sec=business
Published: July 21, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120720235537/Article/index_html
Published: July 21, 2012
It said the main components of the international reserves were foreign currencies (US$121.2bil), International Monetary Fund reserves (US$800mil), Special Drawing Rights (US$1.9bil), gold (US$1.9bil) and other reserves assets (US$8.6bil).
The central bank’s total assets, including international reserves, stood at RM479.72bil.
Its other assets included the Malaysian government papers (RM2.13bil), deposits with financial institutions (RM29.13bil), loans and advances (RM10.21bil), and other assets (RM8.86bil). — Bernama
Sukuk akan diterbitkan dalam Renminbi
KUALA LUMPUR 20 Julai - Kerajaan merancang membenarkan penerbitan sukuk dalam mata wang Renminbi berikutan prestasi yang kukuh mata wang negara China berkenaan berbanding Dolar Amerika.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0721&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_03.htm
Published: July 21, 2012
Timbalan Menteri Kewangan, Datuk Donald Lim Siang Chai berkata, ketika ini, Bank Negara hanya membenarkan penerbitan sukuk dalam mata wang Ringgit dan Dolar Amerika tetapi keadaan semasa semakin berubah.
Katanya, perdagangan Malaysia ke China dan dunia ke negara itu telah menunjukkan peningkatan yang memberangsangkan dan seterusnya mengukuhkan mata wang berkenaan.
"Semakin tinggi perdagangan dengan China, semakin banyak nilai Renminbi dalam tangan pedagang tersebut.
"Perdagangan akaun dalam Renminbi telah dilaksanakan di Hong Kong dan baru-baru ini di Singapura. Ramai yang mahu memegang Renminbi, berbanding Dolar Amerika dan Euro kerana kekuatannya," katanya.
Beliau berkata demikian pada sidang akhbar selepas majlis menandatangani memorandum persefahaman (MoU) Bank Muamalat dengan Bank of Shi Zui Shan, di sini hari ini.
Sementara itu mengulas mengenai prestasi penerbitan sukuk, beliau berkata, penerbitan sukuk dunia setakat April lalu adalah AS$34 bilion (RM105.4 bilion).
"Sebanyak 60 peratusnya daripadanya diterbitkan di Malaysia dan 25 peratus dari negara Asia Barat," jelasnya.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0721&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_03.htm
Published: July 21, 2012
Timbalan Menteri Kewangan, Datuk Donald Lim Siang Chai berkata, ketika ini, Bank Negara hanya membenarkan penerbitan sukuk dalam mata wang Ringgit dan Dolar Amerika tetapi keadaan semasa semakin berubah.
Katanya, perdagangan Malaysia ke China dan dunia ke negara itu telah menunjukkan peningkatan yang memberangsangkan dan seterusnya mengukuhkan mata wang berkenaan.
"Semakin tinggi perdagangan dengan China, semakin banyak nilai Renminbi dalam tangan pedagang tersebut.
"Perdagangan akaun dalam Renminbi telah dilaksanakan di Hong Kong dan baru-baru ini di Singapura. Ramai yang mahu memegang Renminbi, berbanding Dolar Amerika dan Euro kerana kekuatannya," katanya.
Beliau berkata demikian pada sidang akhbar selepas majlis menandatangani memorandum persefahaman (MoU) Bank Muamalat dengan Bank of Shi Zui Shan, di sini hari ini.
Sementara itu mengulas mengenai prestasi penerbitan sukuk, beliau berkata, penerbitan sukuk dunia setakat April lalu adalah AS$34 bilion (RM105.4 bilion).
"Sebanyak 60 peratusnya daripadanya diterbitkan di Malaysia dan 25 peratus dari negara Asia Barat," jelasnya.
Monday, July 16, 2012
Kaedah baru cagaran pembiayaan peribadi
PETALING JAYA 15 Julai - Kepesatan industri telekomunikasi negara kini telah membuatkan alat peranti seperti telefon bimbit atau perkhidmatan perhubungan dianggap sebagai barangan keperluan ataupun komoditi.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0716&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: July 16, 2012
Hal itu sebenarnya telah membuka idea kepada syarikat IDOTTV Sdn. Bhd. (IDOTTV) untuk mengendalikan perkhidmatan pembiayaan peribadi berlandaskan syariah menggunakan kredit masa berbual sebagai cagaran bagi meluluskan pembiayaan, dinamakan sebagai As-Sidq.
Pengarah Produk IDOTTV, Halim M. Dzin berkata, kredit masa berbual yang dianggap sebagai komoditi itu akan dicagarkan semasa proses permohonan pembiayaan antara peminjam, pihak bank, syarikat telekomunikasi serta pembeli tersedia.
Jelasnya, kaedah tersebut telah bermula sejak 2009 dan mendapat kelulusan daripada Bank Negara Malaysia sebagai salah satu bentuk kewangan berlandaskan konsep Islam, kerana menepati piawaian yang memerlukan komoditi - dalam kes ini adalah kredit masa berbual untuk pembiayaan.
"Harga kredit masa berbual yang stabil serta tidak begitu berisiko berdasarkan permintaan dan penawaran dalam pasaran antarabangsa, maka ia adalah 'komoditi' terbaik untuk didagangkan khususnya di Malaysia yang masih memiliki bilangan pengguna prabayar yang ramai.
"Ia berasaskan konsep Tawarruq yang mana perbankan Islam membeli aset contohnya komoditi, kemudian akan dijual kepada pihak tertentu bagi mendapatkan sumber kewangan," katanya kepada Utusan Malaysia.
Sebagai contoh di bawah sistem As-Sidq, seorang peminjam memohon dan bersetuju mendapatkan pembiayaan peribadi bernilai RM50,000 daripada bank terlibat. Kemudian bank akan membeli kredit masa berbual bernilai RM50,000 daripada syarikat telekomunikasi.
Seterusnya, setelah memperoleh kredit masa berbual bernilai RM50,000, pihak bank kemudiannya akan menjualnya kepada pembeli tersedia. Di dalam sistem ini, syarikat induk IDOTTV, Kumpulan Sedania akan membeli kesemua kredit masa berbual itu untuk dijual di pasaran.
Dana yang diperoleh oleh bank itu kemudiannya akan diberikan kepada pemohon mengikut syarat pembiayaan yang dipersetujui oleh kedua-dua pihak.
Katanya, setakat ini, terdapat tiga perbankan yang terlibat bagi menyediakan pembiayaan tersebut iaitu Affin Islamic Bank Bhd., RHB Islamic dan Malaysia Building Society Bhd. (MBSB) serta syarikat telekomunikasi prabayar tempatan, menerusi pihak ketiga.
Halim menjelaskan, antara keunikan lain sistem ini, adalah turut menyediakan akad bagi mengesahkan pembiayaan menerusi khidmat pesanan ringkas (SMS). Kaedah SMS ini diperakui memandangkan ia juga boleh dijadikan bukti di dalam kes penceraian.
IDOTTV bagaimanapun ketika ini sedang mengadakan perbincangan dengan beberapa bank Islam tempatan untuk mengadakan kerjasama bagi meluaskan lagi perkhidmatan pembiayaan As-Sidq.
Kata beliau lagi, sistem As-Sidq hanya melibatkan pembiayaan peribadi dan had pembiyaan tidak melebihi RM200,000.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0716&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: July 16, 2012
Hal itu sebenarnya telah membuka idea kepada syarikat IDOTTV Sdn. Bhd. (IDOTTV) untuk mengendalikan perkhidmatan pembiayaan peribadi berlandaskan syariah menggunakan kredit masa berbual sebagai cagaran bagi meluluskan pembiayaan, dinamakan sebagai As-Sidq.
Pengarah Produk IDOTTV, Halim M. Dzin berkata, kredit masa berbual yang dianggap sebagai komoditi itu akan dicagarkan semasa proses permohonan pembiayaan antara peminjam, pihak bank, syarikat telekomunikasi serta pembeli tersedia.
Jelasnya, kaedah tersebut telah bermula sejak 2009 dan mendapat kelulusan daripada Bank Negara Malaysia sebagai salah satu bentuk kewangan berlandaskan konsep Islam, kerana menepati piawaian yang memerlukan komoditi - dalam kes ini adalah kredit masa berbual untuk pembiayaan.
"Harga kredit masa berbual yang stabil serta tidak begitu berisiko berdasarkan permintaan dan penawaran dalam pasaran antarabangsa, maka ia adalah 'komoditi' terbaik untuk didagangkan khususnya di Malaysia yang masih memiliki bilangan pengguna prabayar yang ramai.
"Ia berasaskan konsep Tawarruq yang mana perbankan Islam membeli aset contohnya komoditi, kemudian akan dijual kepada pihak tertentu bagi mendapatkan sumber kewangan," katanya kepada Utusan Malaysia.
Sebagai contoh di bawah sistem As-Sidq, seorang peminjam memohon dan bersetuju mendapatkan pembiayaan peribadi bernilai RM50,000 daripada bank terlibat. Kemudian bank akan membeli kredit masa berbual bernilai RM50,000 daripada syarikat telekomunikasi.
Seterusnya, setelah memperoleh kredit masa berbual bernilai RM50,000, pihak bank kemudiannya akan menjualnya kepada pembeli tersedia. Di dalam sistem ini, syarikat induk IDOTTV, Kumpulan Sedania akan membeli kesemua kredit masa berbual itu untuk dijual di pasaran.
Dana yang diperoleh oleh bank itu kemudiannya akan diberikan kepada pemohon mengikut syarat pembiayaan yang dipersetujui oleh kedua-dua pihak.
Katanya, setakat ini, terdapat tiga perbankan yang terlibat bagi menyediakan pembiayaan tersebut iaitu Affin Islamic Bank Bhd., RHB Islamic dan Malaysia Building Society Bhd. (MBSB) serta syarikat telekomunikasi prabayar tempatan, menerusi pihak ketiga.
Halim menjelaskan, antara keunikan lain sistem ini, adalah turut menyediakan akad bagi mengesahkan pembiayaan menerusi khidmat pesanan ringkas (SMS). Kaedah SMS ini diperakui memandangkan ia juga boleh dijadikan bukti di dalam kes penceraian.
IDOTTV bagaimanapun ketika ini sedang mengadakan perbincangan dengan beberapa bank Islam tempatan untuk mengadakan kerjasama bagi meluaskan lagi perkhidmatan pembiayaan As-Sidq.
Kata beliau lagi, sistem As-Sidq hanya melibatkan pembiayaan peribadi dan had pembiyaan tidak melebihi RM200,000.
Saturday, July 14, 2012
Manfaat besar - Zeti
SISTEM kewangan Malaysia mendapat manfaat besar daripada pelaburan Jepun menerusi pindahan kepakaran, pengetahuan, teknologi dan hubungan antara ekonomi yang diperkukuh.
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/Manfaatbesar/Article/index_html
Published: July 13, 2012
Gabenor Bank Negara, Tan Sri Dr Zeti Akhtar Aziz berkata, Malaysia menyambut baik penyertaan berterusan institusi kewangan Jepun dalam sektor kewangan domestik dan Pusat Perniagaan dan Kewangan Antarabangsa Labuan. “Bulan lalu, terdapat empat bank perdagangan, empat syarikat insuran, satu syarikat penginsurans semula dan satu pengendali takaful usaha sama dari Jepun beroperasi di Malaysia,” katanya pada majlis perasmian Bank of Tokyo Mitsubishi (M) Bhd cawangan Pulau Pinang.
Teks ucapan beliau dibacakan Penolong Gabenor, Donald Joshua Jaganathan.
Dr Zeti berkata, keputusan Bank of Tokyo Mitsubishi untuk membuka cawangan terbarunya di Pulau Pinang bukan saja disokong kehadiran ramai pelanggan Jepun, tapi juga aktiviti pelaburan yang sedang dilaksanakan di wilayah utara Malaysia itu. Beliau berkata, meskipun pusat kewangan Malaysia sudah beralih ke Kuala Lumpur, kepentingan Pulau Pinang sebagai penyumbang utama kepada ekonomi negara masih lagi ketara. Pembukaan cawangan itu menunjukkan pengembangan berterusan sistem kewangan Malaysia dan disokong ekonomi mantap dari segi fundamental yang terus mencatatkan prestasi baik semasa tempoh mencabar ini. Zeti berkata, Asia terus menjadi pusat pertumbuhan penting dalam ekonomi global, walaupun pertumbuhan mungkin menyederhana, ia masih kekal pada paras yang masih dapat mewujudkan peluang pekerjaan. “Ini dipacu permintaan domestik dan peningkatan hubungan antara ekonomi di rantau ini,” katanya. - Bernama
Source from (Harian Metro): http://www.hmetro.com.my/myMetro/articles/Manfaatbesar/Article/index_html
Published: July 13, 2012
Gabenor Bank Negara, Tan Sri Dr Zeti Akhtar Aziz berkata, Malaysia menyambut baik penyertaan berterusan institusi kewangan Jepun dalam sektor kewangan domestik dan Pusat Perniagaan dan Kewangan Antarabangsa Labuan. “Bulan lalu, terdapat empat bank perdagangan, empat syarikat insuran, satu syarikat penginsurans semula dan satu pengendali takaful usaha sama dari Jepun beroperasi di Malaysia,” katanya pada majlis perasmian Bank of Tokyo Mitsubishi (M) Bhd cawangan Pulau Pinang.
Teks ucapan beliau dibacakan Penolong Gabenor, Donald Joshua Jaganathan.
Dr Zeti berkata, keputusan Bank of Tokyo Mitsubishi untuk membuka cawangan terbarunya di Pulau Pinang bukan saja disokong kehadiran ramai pelanggan Jepun, tapi juga aktiviti pelaburan yang sedang dilaksanakan di wilayah utara Malaysia itu. Beliau berkata, meskipun pusat kewangan Malaysia sudah beralih ke Kuala Lumpur, kepentingan Pulau Pinang sebagai penyumbang utama kepada ekonomi negara masih lagi ketara. Pembukaan cawangan itu menunjukkan pengembangan berterusan sistem kewangan Malaysia dan disokong ekonomi mantap dari segi fundamental yang terus mencatatkan prestasi baik semasa tempoh mencabar ini. Zeti berkata, Asia terus menjadi pusat pertumbuhan penting dalam ekonomi global, walaupun pertumbuhan mungkin menyederhana, ia masih kekal pada paras yang masih dapat mewujudkan peluang pekerjaan. “Ini dipacu permintaan domestik dan peningkatan hubungan antara ekonomi di rantau ini,” katanya. - Bernama
Friday, July 13, 2012
Permintaan domestik stabilkan ekonomi Malaysia
KUALA LUMPUR 13 Julai - Permintaan domestik yang kekal kukuh dan peningkatan hubungan di kalangan ekonomi-ekonomi baru muncul di rantau ini membantu ekonomi Malaysia kekal stabil.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0714&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_03.htm
Published: July 13, 2012
Gabenor Bank Negara Malaysia (BNM), Tan Sri Dr. Zeti Akhtar Aziz berkata, fleksibiliti ekonomi dan sistem kewangan kukuh juga telah menyokong trend tersebut.
"Dalam keadaan ekonomi yang tidak menentu, beberapa negara membangun berdepan cabaran untuk meningkatkan pertumbuhan dan mewujudkan peluang pekerjaan serta menangani kelemahan beberapa fundamental dalam ekonomi dan sistem kewangan.
"Meskipun ekonomi-ekonomi baru muncul terjejas, tetapi kebanyakan negara-negara itu masih dalam laluan pertumbuhan positif," katanya dalam ucapannya semasa perasmian Bank of Tokyo Mitsubishi (M) Bhd. di Pulau Pinang di sini hari ini.
Teks ucapannya dibacakan oleh Penolong Gabenor, Donald Joshua Jaganathan.
Zeti berkata, sistem kewangan Malaysia mempunyai penyertaan pemilikan institusi perbankan sejak lama dulu dan jumlah bank-bank asing yang beroperasi di Pulau Pinang sudah berusia lebih 100 tahun.
Ia disokong oleh peranan utama Pulau Pinang sebagai pelabuhan kemasukan utama bagi eksport komoditi iaitu timah dan getah.
Jelas Zeti Akhtar, biarpun pusat kewangan Malaysia telah berpindah ke Kuala Lumpur, sumbangan Pulau Pinang sebagai penyumbang ekonomi bagi Malaysia masih lagi signifikan.
"Kebanyakan institusi kewangan memiliki cawangan besar di Pulau Pinang.
"Pembukaan Bank of Tokyo Mitsubishi bukan sahaja menggambarkan peluasan sistem kewangan di negara ini, tetapi turut dipacu oleh kestabilan fundamental ekonomi dalam keadaan yang mencabar ini.
"Keputusan Bank of Tokyo Mitsubishi membuka cawangan baru di sini bukan sekadar disokong oleh pelanggan-pelanggannya tetapi aktiviti pelaburan yang berterusan di wilayah utara," ujar beliau.
Sehingga Jun tahun ini, masing-masing terdapat empat buah komersial bank dan syarikat insurans, sebuah syarikat reinsurans dan satu pengendali takaful dari Jepun.
Zeti berkata, melalui penyertaan itu, sistem kewangan Malaysia mendapat faedah daripada pelaburan Jepun menerusi kepakaran, pengetahuan dan teknologi serta peluasan antara hubungan ekonomi.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0714&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_03.htm
Published: July 13, 2012
Gabenor Bank Negara Malaysia (BNM), Tan Sri Dr. Zeti Akhtar Aziz berkata, fleksibiliti ekonomi dan sistem kewangan kukuh juga telah menyokong trend tersebut.
"Dalam keadaan ekonomi yang tidak menentu, beberapa negara membangun berdepan cabaran untuk meningkatkan pertumbuhan dan mewujudkan peluang pekerjaan serta menangani kelemahan beberapa fundamental dalam ekonomi dan sistem kewangan.
"Meskipun ekonomi-ekonomi baru muncul terjejas, tetapi kebanyakan negara-negara itu masih dalam laluan pertumbuhan positif," katanya dalam ucapannya semasa perasmian Bank of Tokyo Mitsubishi (M) Bhd. di Pulau Pinang di sini hari ini.
Teks ucapannya dibacakan oleh Penolong Gabenor, Donald Joshua Jaganathan.
Zeti berkata, sistem kewangan Malaysia mempunyai penyertaan pemilikan institusi perbankan sejak lama dulu dan jumlah bank-bank asing yang beroperasi di Pulau Pinang sudah berusia lebih 100 tahun.
Ia disokong oleh peranan utama Pulau Pinang sebagai pelabuhan kemasukan utama bagi eksport komoditi iaitu timah dan getah.
Jelas Zeti Akhtar, biarpun pusat kewangan Malaysia telah berpindah ke Kuala Lumpur, sumbangan Pulau Pinang sebagai penyumbang ekonomi bagi Malaysia masih lagi signifikan.
"Kebanyakan institusi kewangan memiliki cawangan besar di Pulau Pinang.
"Pembukaan Bank of Tokyo Mitsubishi bukan sahaja menggambarkan peluasan sistem kewangan di negara ini, tetapi turut dipacu oleh kestabilan fundamental ekonomi dalam keadaan yang mencabar ini.
"Keputusan Bank of Tokyo Mitsubishi membuka cawangan baru di sini bukan sekadar disokong oleh pelanggan-pelanggannya tetapi aktiviti pelaburan yang berterusan di wilayah utara," ujar beliau.
Sehingga Jun tahun ini, masing-masing terdapat empat buah komersial bank dan syarikat insurans, sebuah syarikat reinsurans dan satu pengendali takaful dari Jepun.
Zeti berkata, melalui penyertaan itu, sistem kewangan Malaysia mendapat faedah daripada pelaburan Jepun menerusi kepakaran, pengetahuan dan teknologi serta peluasan antara hubungan ekonomi.
Japan's top bank applauds Malaysia's socio-economic development
GEORGE TOWN: Malaysia is among the most impressive countries in Asia in terms of social and economic development, says Bank of Tokyo-Mitsubishi UFJ (M) Bhd's chief executive officer, Masato Nakamura. He said on Friday Malaysia was an attractive investment destination due to its strategic location in Asean and Asia-Pacific.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/13/business/20120713150957&sec=business
Published: July 13, 2012
Nakamura said investors were also taking advantage of Asean's free trade agreements with India, China, Australia, New Zealand, Japan and South Korea.
"Japanese companies have been attracted to Malaysia's growing economy, location away from natural disasters, good infrastructure and a workforce who can speak English," he said after launching the bank's first branch in Juru Auto City here.
Japanese Ambassador to Malaysia, Shigeru Nakamura, Muneo Kurauchi, senior managing executive officer of Bank of Tokyo-Mitsubishi UFJ Ltd and Bank Negara Malaysia's assistant governor Donald Joshua Jaganathan jointly officiated the launch.
He said well-developed industries such as electrical and electronics parts and chemical manufacturing sectors in Penang continued to attract Japanese and foreign firms to set up units here.
Nakamura said the new branch would provide easier access to the bank's services for corporate customers located in the northern region, especially in the Northern Corridor Economic Region.
"It will also cater to the increasing number of multinationals and local companies concentrated in the vicinity and adjacent industrial areas linked by major highways," he said.
Bank of Tokyo-Mitsubishi UFJ Malaysia is a unit of Bank of Tokyo-Mitsubishi UFJ Ltd headquartered in Japan. The entity is a locally-incorporated Japanese commercial bank providing a full range of banking services. - Bernama
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/13/business/20120713150957&sec=business
Published: July 13, 2012
Nakamura said investors were also taking advantage of Asean's free trade agreements with India, China, Australia, New Zealand, Japan and South Korea.
"Japanese companies have been attracted to Malaysia's growing economy, location away from natural disasters, good infrastructure and a workforce who can speak English," he said after launching the bank's first branch in Juru Auto City here.
Japanese Ambassador to Malaysia, Shigeru Nakamura, Muneo Kurauchi, senior managing executive officer of Bank of Tokyo-Mitsubishi UFJ Ltd and Bank Negara Malaysia's assistant governor Donald Joshua Jaganathan jointly officiated the launch.
He said well-developed industries such as electrical and electronics parts and chemical manufacturing sectors in Penang continued to attract Japanese and foreign firms to set up units here.
Nakamura said the new branch would provide easier access to the bank's services for corporate customers located in the northern region, especially in the Northern Corridor Economic Region.
"It will also cater to the increasing number of multinationals and local companies concentrated in the vicinity and adjacent industrial areas linked by major highways," he said.
Bank of Tokyo-Mitsubishi UFJ Malaysia is a unit of Bank of Tokyo-Mitsubishi UFJ Ltd headquartered in Japan. The entity is a locally-incorporated Japanese commercial bank providing a full range of banking services. - Bernama
Sistem kewangan Malaysia dapat manfaat besar daripada pelaburan Jepun, kata Zeti
GEORGETOWN - Sistem kewangan Malaysia mendapat manfaat besar daripada pelaburan Jepun menerusi pindahan kepakaran, pengetahuan, teknologi dan hubungan antara ekonomi yang diperkukuh, kata Gabenor Bank Negara Tan Sri Dr Zeti Akhtar Aziz, hari ini.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/sistem-kewangan-malaysia-dapat-manfaat-besar-daripada-pelaburan-jepun-kata-zeti-1.66226
Published: July 13, 2012
Beliau berkata Malaysia menyambut baik penyertaan berterusan institusi kewangan Jepun dalam sektor kewangan domestik dan Pusat Perniagaan dan Kewangan Antarabangsa Labuan.
Pada bulan lepas, terdapat empat bank perdagangan, empat syarikat insurans dan sebuah syarikat penginsurans semula dan sebuah pengendali takaful usaha sama dari Jepun beroperasi di Malaysia, katanya semasa merasmikan pembukaan cawangan Pulau Pinang Bank of Tokyo Mitsubishi (M) Bhd.
Teks ucapan beliau dibacakan oleh Penolong Gabenor Donald Joshua Jaganathan.
Zeti berkata keputusan Bank of Tokyo Mitsubishi untuk membuka cawangan terbaharunya di Pulau Pinang bukan sahaja disokong oleh kehadiran ramai pelanggan Jepun tetapi juga aktiviti pelaburan yang sedang dilaksanakan di wilayah utara Malaysia itu.
Beliau berkata meskipun pusat kewangan Malaysia telah beralih ke Kuala Lumpur, kepentingan Pulau Pinang sebagai penyumbang utama kepada ekonomi negara masih lagi ketara.
Pembukaan cawangan itu menunjukkan pengembangan berterusan sistem kewangan Malaysia dan disokong oleh ekonomi yang mantap dari segi fundamental yang terus mencatatkan prestasi baik semasa tempoh-tempoh mencabar ini, katanya.
Zeti berkata Asia terus menjadi pusat pertumbuhan penting dalam ekonomi global, katanya, sambil menambah walaupun pertumbuhan mungkin menyederhana, ia masih kekal pada paras yang masih dapat mewujudkan peluang pekerjaan.
Ini dipacu oleh permintaan domestik dan peningkatan hubungan antara ekonomi sedang pesat membangun di rantau ini, kata Zeti.
Beliau berkata keanjalan ekonomi dan sistem kewangan yang kukuh juga menyokong aliran ini.
"Di Malaysia, meskipun permintaan dari luar yang perlahan telah menjejaskan pertumbuhan kita, permintaan domestik kukuh dan hubungan ekonomi rapat di rantau ini terus menyokong pertumbuhan mampan," katanya. - Bernama
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/sistem-kewangan-malaysia-dapat-manfaat-besar-daripada-pelaburan-jepun-kata-zeti-1.66226
Published: July 13, 2012
Beliau berkata Malaysia menyambut baik penyertaan berterusan institusi kewangan Jepun dalam sektor kewangan domestik dan Pusat Perniagaan dan Kewangan Antarabangsa Labuan.
Pada bulan lepas, terdapat empat bank perdagangan, empat syarikat insurans dan sebuah syarikat penginsurans semula dan sebuah pengendali takaful usaha sama dari Jepun beroperasi di Malaysia, katanya semasa merasmikan pembukaan cawangan Pulau Pinang Bank of Tokyo Mitsubishi (M) Bhd.
Teks ucapan beliau dibacakan oleh Penolong Gabenor Donald Joshua Jaganathan.
Zeti berkata keputusan Bank of Tokyo Mitsubishi untuk membuka cawangan terbaharunya di Pulau Pinang bukan sahaja disokong oleh kehadiran ramai pelanggan Jepun tetapi juga aktiviti pelaburan yang sedang dilaksanakan di wilayah utara Malaysia itu.
Beliau berkata meskipun pusat kewangan Malaysia telah beralih ke Kuala Lumpur, kepentingan Pulau Pinang sebagai penyumbang utama kepada ekonomi negara masih lagi ketara.
Pembukaan cawangan itu menunjukkan pengembangan berterusan sistem kewangan Malaysia dan disokong oleh ekonomi yang mantap dari segi fundamental yang terus mencatatkan prestasi baik semasa tempoh-tempoh mencabar ini, katanya.
Zeti berkata Asia terus menjadi pusat pertumbuhan penting dalam ekonomi global, katanya, sambil menambah walaupun pertumbuhan mungkin menyederhana, ia masih kekal pada paras yang masih dapat mewujudkan peluang pekerjaan.
Ini dipacu oleh permintaan domestik dan peningkatan hubungan antara ekonomi sedang pesat membangun di rantau ini, kata Zeti.
Beliau berkata keanjalan ekonomi dan sistem kewangan yang kukuh juga menyokong aliran ini.
"Di Malaysia, meskipun permintaan dari luar yang perlahan telah menjejaskan pertumbuhan kita, permintaan domestik kukuh dan hubungan ekonomi rapat di rantau ini terus menyokong pertumbuhan mampan," katanya. - Bernama
Thursday, July 12, 2012
New banknotes feature latest technology, says Bank Negara
KUALA LUMPUR, July 12 — The new banknotes series, which will be issued into circulation on Monday, comes with the latest banknote technology to enhance security features, Bank Negara said today.
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/malaysia/article/new-banknotes-feature-latest-technology-says-bank-negara/
Published: July 12, 2012
The new technology would include shadow image, clear window, watermark portrait with pixel and highlighted numerals, colour shifting security thread, micro lens thread, perfect see-through register and coloured glossy patch, the central bank said in a statement.
Themed “Distinctively Malaysia”, the latest banknotes series draws its inspiration from the country’s diverse culture, heritage and nature, it said.
The bank said the visually impaired are able to use specific features such as tactile identification to identify and distinguish the different denominations.
The new banknotes series are in RM1, RM5, RM10, RM20 and RM100 denominations.
The RM20 banknote is reintroduced in this new series and polymer substrate is used for the RM1 and RM5 banknotes.
“The current RM50 banknote has been issued since December 2007 and will continue to remain in circulation,” it said.
Bank Negara urged the relevant parties to expedite their machine calibration to accept the new banknotes series for the people’s convenience.
The new banknotes will co-circulate with the existing banknotes which remain legal tender. — Bernama
Source from (The Malaysian Insider): http://www.themalaysianinsider.com/malaysia/article/new-banknotes-feature-latest-technology-says-bank-negara/
Published: July 12, 2012
The new technology would include shadow image, clear window, watermark portrait with pixel and highlighted numerals, colour shifting security thread, micro lens thread, perfect see-through register and coloured glossy patch, the central bank said in a statement.
Themed “Distinctively Malaysia”, the latest banknotes series draws its inspiration from the country’s diverse culture, heritage and nature, it said.
The bank said the visually impaired are able to use specific features such as tactile identification to identify and distinguish the different denominations.
The new banknotes series are in RM1, RM5, RM10, RM20 and RM100 denominations.
The RM20 banknote is reintroduced in this new series and polymer substrate is used for the RM1 and RM5 banknotes.
“The current RM50 banknote has been issued since December 2007 and will continue to remain in circulation,” it said.
Bank Negara urged the relevant parties to expedite their machine calibration to accept the new banknotes series for the people’s convenience.
The new banknotes will co-circulate with the existing banknotes which remain legal tender. — Bernama
Wang kertas baru dilengkapi teknologi terkini: Bank Negara
KUALA LUMPUR: Wang kertas siri baru, yang akan berada dalam edaran mulai Isnin, dilengkapi dengan teknologi wang kertas terkini untuk meningkatkan ciri-ciri keselamatan, kata Bank Negara hari ini
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/Wangkertasbarudilengkapiteknologiterkini_BankNegara/Article/artikel
Published: July 12, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/wang-kertas-siri-baru-dilengkapi-teknologi-terkini-1.65941
Published: July 12, 2012
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0713&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: July 12, 2012
Beberapa contoh siri wang kertas baru yang mula diedarkan Isnin ini.
Teknologi baru itu akan termasuk imej tanda bayang, tingkap pandang telus, potret tera air dengan piksel dan angka, benang keselamatan dengan warna berubah-ubah, benang kanta mikro, tanda pandang telus dan petak kilat berwarna, kata bank pusat itu dalam satu kenyataan hari ini. Bertema "Keunikan Malaysia", wang kertas terbaru itu diinspirasikan daripada kepelbagaian budaya, warisan dan alam semulajadi negara, katanya.
Bank itu berkata, mereka yang cacat penglihatan juga boleh menggunakan ciri-ciri spesifik seperti pengenalan sentuhan untuk mengenalpasti dan membezakan denominasi berlainan.
Siri wang kertas baru itu adalah dalam denominasi RM1, RM5, RM10, RM20 dan RM100.
Wang kertas RM20 diperkenalkan semula dalam siri baru ini dan substrat polimer digunakan untuk wang kertas RM1 dan RM5.
"Wang RM50 yang digunakan sekarang telah dikeluarkan semenjak Disember 2007 dan akan kekal dalam edaran," katanya.
Bank Negara menggesa pihak berkaitan untuk mempercepatkan penentukuran mesin mereka untuk menerima wang kertas siri baharu ini untuk kemudahan orang ramai.
Wang kertas siri baharu ini akan berada dalam edaran bersama-sama wang kertas sedia ada yang kekal sah. - BERNAMA
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/Wangkertasbarudilengkapiteknologiterkini_BankNegara/Article/artikel
Published: July 12, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/wang-kertas-siri-baru-dilengkapi-teknologi-terkini-1.65941
Published: July 12, 2012
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0713&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm
Published: July 12, 2012
Beberapa contoh siri wang kertas baru yang mula diedarkan Isnin ini.
Teknologi baru itu akan termasuk imej tanda bayang, tingkap pandang telus, potret tera air dengan piksel dan angka, benang keselamatan dengan warna berubah-ubah, benang kanta mikro, tanda pandang telus dan petak kilat berwarna, kata bank pusat itu dalam satu kenyataan hari ini. Bertema "Keunikan Malaysia", wang kertas terbaru itu diinspirasikan daripada kepelbagaian budaya, warisan dan alam semulajadi negara, katanya.
Bank itu berkata, mereka yang cacat penglihatan juga boleh menggunakan ciri-ciri spesifik seperti pengenalan sentuhan untuk mengenalpasti dan membezakan denominasi berlainan.
Siri wang kertas baru itu adalah dalam denominasi RM1, RM5, RM10, RM20 dan RM100.
Wang kertas RM20 diperkenalkan semula dalam siri baru ini dan substrat polimer digunakan untuk wang kertas RM1 dan RM5.
"Wang RM50 yang digunakan sekarang telah dikeluarkan semenjak Disember 2007 dan akan kekal dalam edaran," katanya.
Bank Negara menggesa pihak berkaitan untuk mempercepatkan penentukuran mesin mereka untuk menerima wang kertas siri baharu ini untuk kemudahan orang ramai.
Wang kertas siri baharu ini akan berada dalam edaran bersama-sama wang kertas sedia ada yang kekal sah. - BERNAMA
Saturday, July 7, 2012
Garis panduan BNM tidak jejas jualan kereta
KUALA LUMPUR 6 Julai - Frost & Sullivan masih mengekalkan unjuran jualan kenderaan sebanyak 612,000 buah tahun ini walaupun Bank Negara Malaysia mengetatkan garis panduan pinjaman.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0707&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_02.htm
Published: July 07, 2012
Katanya, peraturan ketat itu hanya memberi kesan kepada kenderaan kecil seperti Perodua Viva dan Proton Saga.
Bagaimanapun, kesannya dijangka berkurangan memandangkan syarikat-syarikat pengeluar kereta kini melaksanakan kempen pemasaran dan jualan dengan memberi potongan harga tinggi dan melaksanakan proses prakelulusan bagi para pelanggannya.
Rakan Bersama Frost & Sullivan dan Ketua Amalan Pengangkutan dan Automotif Asia Pasifik, Kavan Mukhtyar berkata, kadar penolakan permohonan pinjaman bagi kereta baru telah berkurangan sejak Mei 2012 kerana wakil peniaga dan bank sudah mula memahami garis panduan tersebut.
Dalam kenyataan di sini hari ini, Frost & Sullivan berkata, kereta hibrid akan terus mendapat permintaan disebabkan insentif menarik yang diberikan oleh kerajaan.
Dalam laporan itu, Frost & Sullivan berkata, segmen D (premium dan sedan besar) mencatatkan pertumbuhan pantas dengan kenaikan 30 peratus tahun ke tahun kepada 36,058 buah pada tahun ini.
Jualan itu akan dipacu oleh model baru Toyota Camry dan Honda Accord dan kereta mewah seperti BMW dan Mercedes Benz.
Segmen C pula dijangka berkembang sebanyak 5.0 peratus tahun ke tahun kepada 234,482 buah pada tahun ini, menjadikan ia penyumbang terbesar dalam jualan kenderaan di Malaysia, iaitu kira-kira 38.3 peratus.
Model-model baru seperti Proton Preve, Peugeot 408, Honda City FL, Honda Civic FMC dan Volkswagen Polo, selain kenderaan hibrid seperti Honda Insight FL dan Toyota Prius FL akan menyumbang kepada pertumbuhan segmen ini.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/info.asp?y=2012&dt=0707&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_02.htm
Published: July 07, 2012
Katanya, peraturan ketat itu hanya memberi kesan kepada kenderaan kecil seperti Perodua Viva dan Proton Saga.
Bagaimanapun, kesannya dijangka berkurangan memandangkan syarikat-syarikat pengeluar kereta kini melaksanakan kempen pemasaran dan jualan dengan memberi potongan harga tinggi dan melaksanakan proses prakelulusan bagi para pelanggannya.
Rakan Bersama Frost & Sullivan dan Ketua Amalan Pengangkutan dan Automotif Asia Pasifik, Kavan Mukhtyar berkata, kadar penolakan permohonan pinjaman bagi kereta baru telah berkurangan sejak Mei 2012 kerana wakil peniaga dan bank sudah mula memahami garis panduan tersebut.
Dalam kenyataan di sini hari ini, Frost & Sullivan berkata, kereta hibrid akan terus mendapat permintaan disebabkan insentif menarik yang diberikan oleh kerajaan.
Dalam laporan itu, Frost & Sullivan berkata, segmen D (premium dan sedan besar) mencatatkan pertumbuhan pantas dengan kenaikan 30 peratus tahun ke tahun kepada 36,058 buah pada tahun ini.
Jualan itu akan dipacu oleh model baru Toyota Camry dan Honda Accord dan kereta mewah seperti BMW dan Mercedes Benz.
Segmen C pula dijangka berkembang sebanyak 5.0 peratus tahun ke tahun kepada 234,482 buah pada tahun ini, menjadikan ia penyumbang terbesar dalam jualan kenderaan di Malaysia, iaitu kira-kira 38.3 peratus.
Model-model baru seperti Proton Preve, Peugeot 408, Honda City FL, Honda Civic FMC dan Volkswagen Polo, selain kenderaan hibrid seperti Honda Insight FL dan Toyota Prius FL akan menyumbang kepada pertumbuhan segmen ini.
Bank Negara may maintain key rate at 3% until year-end
KUALA LUMPUR: Bank Negara is expected to leave the overnight policy rate (OPR) unchanged, at least until the end of the year, says HSBC Global Research. The statement by the central bank on Thursday accompanying its announcement to leave the OPR unchanged at 3.0% signalled a further freeze in the policy rate, at least until year-end, said HSBC Global Research Asean economist Su Sian Lim.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/7/business/11621251&sec=business
Published: July 07, 2012
“Bank Negara did describe global uncertainties as considerable', but on the other hand there was recognition that financial market pressures had receded'. On balance, we think this makes for a neutral policy bias going forward,” she said in a statement.
“When economic conditions do allow, its next policy move we think likely early next year will be up, given very robust domestic demand conditions, and still-elevated house prices and debt levels,” she added.
She noted that with house prices and household debt at elevated levels, and domestic demand still clearly very robust, the central bank will remain cautious about loosening monetary policy.
Domestic demand is providing a powerful counter to the external slowdown and unless one or both of these take an unexpected turn for the worse, the more prudent policy option for Bank Negara would be to stand pat, she said.
“There is no reason to be pessimistic on the domestic outlook for now, with a general election around the corner, there are still generous subsidies and handouts to come.”
Meanwhile, the programmes that are driving investment growth are long-term, namely the Government and Economic Transformation Programmes (GTP and ETP, respectively).
The former is part of the government's plan to transform Malaysia into a high-income country by 2020, and among other things identified the improvement of basic rural infrastructure and urban public transport as key priority areas.
The ETP identified 12 key economic sectors as long-term growth drivers, including oil and gas, tourism, electronics and the development of the Greater Kuala Lumpur/Klang Valley area. Bernama
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/7/business/11621251&sec=business
Published: July 07, 2012
“Bank Negara did describe global uncertainties as considerable', but on the other hand there was recognition that financial market pressures had receded'. On balance, we think this makes for a neutral policy bias going forward,” she said in a statement.
“When economic conditions do allow, its next policy move we think likely early next year will be up, given very robust domestic demand conditions, and still-elevated house prices and debt levels,” she added.
She noted that with house prices and household debt at elevated levels, and domestic demand still clearly very robust, the central bank will remain cautious about loosening monetary policy.
Domestic demand is providing a powerful counter to the external slowdown and unless one or both of these take an unexpected turn for the worse, the more prudent policy option for Bank Negara would be to stand pat, she said.
“There is no reason to be pessimistic on the domestic outlook for now, with a general election around the corner, there are still generous subsidies and handouts to come.”
Meanwhile, the programmes that are driving investment growth are long-term, namely the Government and Economic Transformation Programmes (GTP and ETP, respectively).
The former is part of the government's plan to transform Malaysia into a high-income country by 2020, and among other things identified the improvement of basic rural infrastructure and urban public transport as key priority areas.
The ETP identified 12 key economic sectors as long-term growth drivers, including oil and gas, tourism, electronics and the development of the Greater Kuala Lumpur/Klang Valley area. Bernama
Too good to be true, really
JASPAL Singh (not his real name) remembers attending a private seminar with a cousin many years ago, where the speaker was promoting a get-rich-quick scheme that involved investing in auctioned properties.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/7/business/11610558&sec=business
Published: July 07, 2012
Know how to sniff out shady deals that promise high returns on small investments
“There were many people at the event and the scheme seemed very legitimate. It promised high returns and for the first two years, the money was good.”
“But going into my third year, the whole thing fell apart. The money stopped coming in and one day, the whole operation just ceased to exist! I lost a lot of money between RM40,000 and RM50,000,” he recalls.
Jaspal is but one of many Malaysians who have been victims of get-rich-quick schemes, usually run by unlicensed, fly-by-night organisations. Unfortunately, such scams have been on the rise.
In 2009, The Star reported that the number of such scams had gone up nearly 27%, with the Federal Commercial Crimes Division announcing that over 17,000 case files were opened in 2008 compared with the year before, with financial losses estimated at RM845mil.
“Many people get lured into such scams simply because of greed. It's human nature,” says AmBank wealth management head Joshua Lim.
With such schemes showing no signs of abating, here are some simple principles to follow to avoid falling into one.
If the potential investment you're looking at asks little of you but promises extraordinary returns, chances are it's a scam, says MyFP Services Sdn Bhd managing director Robert Foo.
“They offer you returns that Bank Negara would die for,” he enthuses.
According to guidelines on the central bank's website, a get-rich-quick scheme is a plan which offers high or unrealistic rates of return for a small investment while at the same time promising that the investment is easy and risk-free.
Under its guidelines, Bank Negara prohibits schemes that involve illegal deposit taking activities and illegal foreign currency dealings.
“Check with the relevant authority before investing. Don't be pressured or rushed to invest. Be extra careful with investments over the Internet and be sceptical of any investment opportunity that is not in writing.
“In case an investment has been made, keep copies of all the documents and communication,” it says.
The important thing is that the investment must make sense, Foo tells StarBizWeek.
Try to understand what the scheme is investing in. If they tell you they're buying Genting shares, then you know that the investment is leveraging off the company's casino and leisure business.
“But if they give you all kinds of guarantee and can't explain how they derive their returns, then something is definitely wrong,” he says.
Jaspal advises potential investors to research further if they feel uncomfortable with the investment prospects that are being offered.
“The reason I got into that scheme was because I knew people who were already in it and they said they were making money. Everything seemed so legitimate and legal, especially at face value.”
According to him, the property investment scheme he was in involved the buying of auctioned properties from banks at discount prices and selling them at a profit.
“The scheme seemed like a no-brainer. You buy the properties cheap and sell them for a higher price. On paper, it looked good.”
He says that the “mastermind” of the entire scheme was in fact a lawyer. This made the whole thing feel even more legitimate.
“They had a office and made you go there regularly to sign documents. It all seemed so prim and proper that nobody bothered to check if the properties that were being purchased even really existed,” Jaspal says.
He recalls asking his frugal sister to invest.
“My sister was sceptical and I remember her asking some questions about the scheme, to which I had no answers to.”
Foo adds that most get-rich-quick schemes don't make you lose money initially.
“They try make it seem legitimate in the beginning by making it seem like those that were in early are making money. Usually what they do is they rotate the new investors' money and give it to those that have been around longer.”
Jaspal believes that was probably what was happening with the scheme he got involved in.
“I think they were taking money from the new members and giving it to the older ones. But after a while, this method stopped working and the mastermind absconded with a few million ringgit.”
Lim says potential investors should play their role and check if the scheme being offered is legal.
“Do your own investigation. Check with the regulators if it's licensed and whether the person selling the scheme is licensed.”
Bank Negara on its website advises potential investors to deal only with licensed financial institutions and authorised dealers. These include schemes authorised by commercial banks, Islamic banks, international Islamic banks, investment banks and other financial institutions (that are listed on its website).
If everything seems legitimate, but your hunch just tells you otherwise, look at the investment profile objectively, advises Lim.
“Consider if the investment matches the risk profile,” he says.
If you believe that the scheme you're involved in is in fact a scam, then get out as soon as possible, says Foo.
“If the scheme creates a run, the money may be frozen.”
Lim says victims of get-rich-quick scams should report the matter to the relevant authorities.
“Check with the regulator's website to see if there are reports on this,” he says, adding that investors who are unsure about what to do next (either before or after being scammed) can also consult a licensed financial planner for help.
Bank Negara also invites victims of get-rich-quick scams to provide details of the schemes they invested in, together with the relevant documents, to the central bank for further action.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/7/business/11610558&sec=business
Published: July 07, 2012
Know how to sniff out shady deals that promise high returns on small investments
“There were many people at the event and the scheme seemed very legitimate. It promised high returns and for the first two years, the money was good.”
“But going into my third year, the whole thing fell apart. The money stopped coming in and one day, the whole operation just ceased to exist! I lost a lot of money between RM40,000 and RM50,000,” he recalls.
Jaspal is but one of many Malaysians who have been victims of get-rich-quick schemes, usually run by unlicensed, fly-by-night organisations. Unfortunately, such scams have been on the rise.
In 2009, The Star reported that the number of such scams had gone up nearly 27%, with the Federal Commercial Crimes Division announcing that over 17,000 case files were opened in 2008 compared with the year before, with financial losses estimated at RM845mil.
“Many people get lured into such scams simply because of greed. It's human nature,” says AmBank wealth management head Joshua Lim.
With such schemes showing no signs of abating, here are some simple principles to follow to avoid falling into one.
If the potential investment you're looking at asks little of you but promises extraordinary returns, chances are it's a scam, says MyFP Services Sdn Bhd managing director Robert Foo.
“They offer you returns that Bank Negara would die for,” he enthuses.
According to guidelines on the central bank's website, a get-rich-quick scheme is a plan which offers high or unrealistic rates of return for a small investment while at the same time promising that the investment is easy and risk-free.
Under its guidelines, Bank Negara prohibits schemes that involve illegal deposit taking activities and illegal foreign currency dealings.
“Check with the relevant authority before investing. Don't be pressured or rushed to invest. Be extra careful with investments over the Internet and be sceptical of any investment opportunity that is not in writing.
“In case an investment has been made, keep copies of all the documents and communication,” it says.
The important thing is that the investment must make sense, Foo tells StarBizWeek.
Try to understand what the scheme is investing in. If they tell you they're buying Genting shares, then you know that the investment is leveraging off the company's casino and leisure business.
“But if they give you all kinds of guarantee and can't explain how they derive their returns, then something is definitely wrong,” he says.
Jaspal advises potential investors to research further if they feel uncomfortable with the investment prospects that are being offered.
“The reason I got into that scheme was because I knew people who were already in it and they said they were making money. Everything seemed so legitimate and legal, especially at face value.”
According to him, the property investment scheme he was in involved the buying of auctioned properties from banks at discount prices and selling them at a profit.
“The scheme seemed like a no-brainer. You buy the properties cheap and sell them for a higher price. On paper, it looked good.”
He says that the “mastermind” of the entire scheme was in fact a lawyer. This made the whole thing feel even more legitimate.
“They had a office and made you go there regularly to sign documents. It all seemed so prim and proper that nobody bothered to check if the properties that were being purchased even really existed,” Jaspal says.
He recalls asking his frugal sister to invest.
“My sister was sceptical and I remember her asking some questions about the scheme, to which I had no answers to.”
Foo adds that most get-rich-quick schemes don't make you lose money initially.
“They try make it seem legitimate in the beginning by making it seem like those that were in early are making money. Usually what they do is they rotate the new investors' money and give it to those that have been around longer.”
Jaspal believes that was probably what was happening with the scheme he got involved in.
“I think they were taking money from the new members and giving it to the older ones. But after a while, this method stopped working and the mastermind absconded with a few million ringgit.”
Lim says potential investors should play their role and check if the scheme being offered is legal.
“Do your own investigation. Check with the regulators if it's licensed and whether the person selling the scheme is licensed.”
Bank Negara on its website advises potential investors to deal only with licensed financial institutions and authorised dealers. These include schemes authorised by commercial banks, Islamic banks, international Islamic banks, investment banks and other financial institutions (that are listed on its website).
If everything seems legitimate, but your hunch just tells you otherwise, look at the investment profile objectively, advises Lim.
“Consider if the investment matches the risk profile,” he says.
If you believe that the scheme you're involved in is in fact a scam, then get out as soon as possible, says Foo.
“If the scheme creates a run, the money may be frozen.”
Lim says victims of get-rich-quick scams should report the matter to the relevant authorities.
“Check with the regulator's website to see if there are reports on this,” he says, adding that investors who are unsure about what to do next (either before or after being scammed) can also consult a licensed financial planner for help.
Bank Negara also invites victims of get-rich-quick scams to provide details of the schemes they invested in, together with the relevant documents, to the central bank for further action.
Friday, July 6, 2012
Bank Negara wajar selesai pertikaian H&I Niaga
SHAH ALAM - Bank Negara wajar bertindak dengan ikhlas dalam menyelesaikan pertikaian dengan H&I Niaga Sdn Bhd, bekas kontraktor pembinaan Pusat Sumber Perkhidmatan Kewangan miliknya, meskipun syarikat itu telah diperintah agar ditutup oleh Mahkamah Tinggi Kuala Lumpur semalam, demikian kata Ahli Parlimen, Tony Pua hari ini.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-negara-wajar-selesai-pertikaian-h-i-niaga-1.63936
Published: July 06, 2012
"Jika tidak Bank Negara akan dilihat sebagai institusi tidak beretika, yang cuba melepaskan diri daripada kesilapan-kesilapan sendiri,” kata beliau dalam satu kenyataan dikeluarkan hari ini.
Semalam, Hakim Mahkamah Tinggi Mohammad Ariff Md Yusoff membenarkan permohonan Affin Bank untuk menutup H&I Niaga kerana gagal menjelaskan bayaran RM12.8 juta.
Pua berkata, kes saman RM131.9 juta ke atas Bank Negara kekal dan kini terserah kepada pemilik syarikat itu sama ada mahu meneruskan saman itu ke atas institusi kewangan ataupun sebaliknya.
Dalam satu kenyataan kelmarin, Bank Negara berkata, ia akan mengambil tindakan sewajarnya terhadap H&I Niaga.
Pada 20 Jun, H & I Niaga mengemukakan tuntutan saman bernilai RM131.9 juta terhadap bank pusat itu sebagai ganti rugi dan bayaran yang belum lunas bagi pembinaan bangunan itu.
Kontraktor Kelas A Bumiputera yang telah diberikan kontrak bernilai RM320.3 juta pada September 2005 itu mendakwa kontraknya telah ditamatkan secara salah pada 2010 setelah kerja pembinaan itu lebih daripada 90 peratus siap.
Bank Negara berkata, H&I Niaga pada awalnya telah merujuk pertikaian kontrak tersebut untuk penimbangtaraan, namun pada hari pertama sebutan kes itu di mahkamah, H&I Niaga telah menarik diri daripada proses penimbangtaraan ini.
Bank Negara berkata, ia mempunyai proses tadbir urus yang mantap dalam semua perkara yang dilaksanakan oleh bank.
Mengulas lanjut, Pua berkata, kenyataan itu bersifat tidak berasas kerana Bank Negara enggan bekerjasama dalam proses arbitrari dan bertindak untuk melengah proses bagi membolehkannya H&I Niaga tiada masa untuk menyelesaikan kes sebelum diisytiharkan sebagai ‘gulung tikar’.
Katanya, notis arbitrari telah dihantar kepada Bank Negara pada 13 September lalu tetapi pertemuan awal bagi arbitrari hanya diadakan pada 13 Januari lalu.
“Sebagai tambahan hanya pada 28 Mac, peguam-peguam Bank Negara memohon kos sekuriti, yang mana telah menyebabkan ketidakupayaan bagi H&I Niaga untuk bayar, (selain) telah memanjangkan keseluruhan proses arbitrari,” kata Pua yang juga Setiausaha Publisiti DAP.
“Pada 14 Jun, menjadi jelas kepada H&I Niaga bahawa Bank Negara tiada niat untuk menyelesaikan isu menerusi proses arbitrari dan menggunakan pelbagai cara untuk melengah-lengah proses (arbitrari),” kata beliau lagi.
Pua menambah, sekiranya Bank Negara jujur, sudah pasti ia tidak akan mengambil masa yang lama dan memohon mengenakan kos arbitrari.
“Sebenarnya, antara tempoh H&I Niaga telah ditamatkan kontrak pada 27 April 2010 dan keputusan untuk melalui arbitrari pada September 2011, syarikat itu telah cuba melalui pelbagai kaedah untuk mencari penyelesaian dengan Bank Negara tetapi tidak menemui hasil kerana Bank Negara tidak berhasrat untuk membayar satu sen pun,” dakwa beliau sambil menambah, tindakan bank pusat itu menamatkan kontraktor Bumiputera ini di peringkat akhir pembinaan selesai adalah sesuatu yang tidak logik.
Katanya lagi, tindakan itu bukan sahaja meletakkan H&I Niaga dalam keadaan sukar, malah telah memberi kesan ke atas subkontraktor.
“Keseluruhannya, H&I masih belum menjelaskan RM23.1 juta kepada subkontraktornya,” kata beliau lagi.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-negara-wajar-selesai-pertikaian-h-i-niaga-1.63936
Published: July 06, 2012
"Jika tidak Bank Negara akan dilihat sebagai institusi tidak beretika, yang cuba melepaskan diri daripada kesilapan-kesilapan sendiri,” kata beliau dalam satu kenyataan dikeluarkan hari ini.
Semalam, Hakim Mahkamah Tinggi Mohammad Ariff Md Yusoff membenarkan permohonan Affin Bank untuk menutup H&I Niaga kerana gagal menjelaskan bayaran RM12.8 juta.
Pua berkata, kes saman RM131.9 juta ke atas Bank Negara kekal dan kini terserah kepada pemilik syarikat itu sama ada mahu meneruskan saman itu ke atas institusi kewangan ataupun sebaliknya.
Dalam satu kenyataan kelmarin, Bank Negara berkata, ia akan mengambil tindakan sewajarnya terhadap H&I Niaga.
Pada 20 Jun, H & I Niaga mengemukakan tuntutan saman bernilai RM131.9 juta terhadap bank pusat itu sebagai ganti rugi dan bayaran yang belum lunas bagi pembinaan bangunan itu.
Kontraktor Kelas A Bumiputera yang telah diberikan kontrak bernilai RM320.3 juta pada September 2005 itu mendakwa kontraknya telah ditamatkan secara salah pada 2010 setelah kerja pembinaan itu lebih daripada 90 peratus siap.
Bank Negara berkata, H&I Niaga pada awalnya telah merujuk pertikaian kontrak tersebut untuk penimbangtaraan, namun pada hari pertama sebutan kes itu di mahkamah, H&I Niaga telah menarik diri daripada proses penimbangtaraan ini.
Bank Negara berkata, ia mempunyai proses tadbir urus yang mantap dalam semua perkara yang dilaksanakan oleh bank.
Mengulas lanjut, Pua berkata, kenyataan itu bersifat tidak berasas kerana Bank Negara enggan bekerjasama dalam proses arbitrari dan bertindak untuk melengah proses bagi membolehkannya H&I Niaga tiada masa untuk menyelesaikan kes sebelum diisytiharkan sebagai ‘gulung tikar’.
Katanya, notis arbitrari telah dihantar kepada Bank Negara pada 13 September lalu tetapi pertemuan awal bagi arbitrari hanya diadakan pada 13 Januari lalu.
“Sebagai tambahan hanya pada 28 Mac, peguam-peguam Bank Negara memohon kos sekuriti, yang mana telah menyebabkan ketidakupayaan bagi H&I Niaga untuk bayar, (selain) telah memanjangkan keseluruhan proses arbitrari,” kata Pua yang juga Setiausaha Publisiti DAP.
“Pada 14 Jun, menjadi jelas kepada H&I Niaga bahawa Bank Negara tiada niat untuk menyelesaikan isu menerusi proses arbitrari dan menggunakan pelbagai cara untuk melengah-lengah proses (arbitrari),” kata beliau lagi.
Pua menambah, sekiranya Bank Negara jujur, sudah pasti ia tidak akan mengambil masa yang lama dan memohon mengenakan kos arbitrari.
“Sebenarnya, antara tempoh H&I Niaga telah ditamatkan kontrak pada 27 April 2010 dan keputusan untuk melalui arbitrari pada September 2011, syarikat itu telah cuba melalui pelbagai kaedah untuk mencari penyelesaian dengan Bank Negara tetapi tidak menemui hasil kerana Bank Negara tidak berhasrat untuk membayar satu sen pun,” dakwa beliau sambil menambah, tindakan bank pusat itu menamatkan kontraktor Bumiputera ini di peringkat akhir pembinaan selesai adalah sesuatu yang tidak logik.
Katanya lagi, tindakan itu bukan sahaja meletakkan H&I Niaga dalam keadaan sukar, malah telah memberi kesan ke atas subkontraktor.
“Keseluruhannya, H&I masih belum menjelaskan RM23.1 juta kepada subkontraktornya,” kata beliau lagi.
OPR kekal 3 peratus
Bank Negara Malaysia mengekalkan Kadar Dasar Semalaman (OPR), iaitu penanda aras bagi penentuan kadar faedah pinjaman asas (BLR) bank tempatan, pada kadar tiga peratus.
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/OPRkekal3peratus/Article
Published: July 06, 2012
Bank Negara ramal inflasi sederhana hingga akhir tahun
Keputusan itu dibuat Jawatankuasa Dasar Monetari (MPC) bank pusat itu pada mesyuaratnya semalam berdasarkan kadar inflasi dalam negara yang diunjurkan kekal sederhana dan masih wujudnya risiko kelembapan ekonomi global.
Bank Negara dalam kenyataannya mengumumkan keputusan itu menjelaskan, kadar pemulihan global telah menjadi sederhana sejak beberapa bulan lalu dengan perangkaan terkini menunjukkan kegiatan ekonomi lebih perlahan serta prospek pertumbuhan lebih mencabar di beberapa rantau di seluruh dunia.
Tambahnya, walaupun tekanan di pasaran kewangan antarabangsa telah reda susulan pengumuman dasar baru-baru ini untuk menangani krisis di Eropah, beberapa isu dasar yang penting masih belum diselesaikan dan menyebabkan pasaran kewangan terus tidak menentu.
“Kegiatan ekonomi di beberapa negara maju terus menerima kesan daripada pengukuhan fiskal berterusan, pengantara kewangan yang terjejas dan keadaan pasaran pekerja yang lemah,” katanya.
Bank pusat itu berkata, bagi ekonomi Malaysia, perangkaan terkini dan tinjauan terhadap keadaan perniagaan menunjukkan penggunaan dan pelaburan yang kekal berdaya tahan.
Pada masa akan datang, katanya permintaan dalam negara akan terus menjadi pendorong utama pertumbuhan ekonomi.
Pendapatan stabil
“Perbelanjaan isi rumah terus disokong persekitaran pekerjaan dan pertumbuhan pendapatan yang stabil, manakala aktiviti pelaburan pula dipacu industri berorientasikan dalam negera, sektor minyak dan gas serta kemajuan berterusan pembinaan infrastruktur,” katanya.
Bank Negara berkata, inflasi di negara ini dijangka kekal sederhana sehingga akhir tahun ini.
“Dengan wujudnya kapasiti berlebihan dalam ekonomi negara, permintaan dalam negara yang kukuh dijangka tidak akan mewujudkan keadaan inflasi,” katanya.
Bagaimanapun, katanya inflasi berdepan risiko untuk meningkat jika terdapat gangguan terhadap bekalan global yang mengakibatkan harga dunia lebih tinggi bagi komoditi, terutama tenaga.
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/OPRkekal3peratus/Article
Published: July 06, 2012
Bank Negara ramal inflasi sederhana hingga akhir tahun
Keputusan itu dibuat Jawatankuasa Dasar Monetari (MPC) bank pusat itu pada mesyuaratnya semalam berdasarkan kadar inflasi dalam negara yang diunjurkan kekal sederhana dan masih wujudnya risiko kelembapan ekonomi global.
Bank Negara dalam kenyataannya mengumumkan keputusan itu menjelaskan, kadar pemulihan global telah menjadi sederhana sejak beberapa bulan lalu dengan perangkaan terkini menunjukkan kegiatan ekonomi lebih perlahan serta prospek pertumbuhan lebih mencabar di beberapa rantau di seluruh dunia.
Tambahnya, walaupun tekanan di pasaran kewangan antarabangsa telah reda susulan pengumuman dasar baru-baru ini untuk menangani krisis di Eropah, beberapa isu dasar yang penting masih belum diselesaikan dan menyebabkan pasaran kewangan terus tidak menentu.
“Kegiatan ekonomi di beberapa negara maju terus menerima kesan daripada pengukuhan fiskal berterusan, pengantara kewangan yang terjejas dan keadaan pasaran pekerja yang lemah,” katanya.
Bank pusat itu berkata, bagi ekonomi Malaysia, perangkaan terkini dan tinjauan terhadap keadaan perniagaan menunjukkan penggunaan dan pelaburan yang kekal berdaya tahan.
Pada masa akan datang, katanya permintaan dalam negara akan terus menjadi pendorong utama pertumbuhan ekonomi.
Pendapatan stabil
“Perbelanjaan isi rumah terus disokong persekitaran pekerjaan dan pertumbuhan pendapatan yang stabil, manakala aktiviti pelaburan pula dipacu industri berorientasikan dalam negera, sektor minyak dan gas serta kemajuan berterusan pembinaan infrastruktur,” katanya.
Bank Negara berkata, inflasi di negara ini dijangka kekal sederhana sehingga akhir tahun ini.
“Dengan wujudnya kapasiti berlebihan dalam ekonomi negara, permintaan dalam negara yang kukuh dijangka tidak akan mewujudkan keadaan inflasi,” katanya.
Bagaimanapun, katanya inflasi berdepan risiko untuk meningkat jika terdapat gangguan terhadap bekalan global yang mengakibatkan harga dunia lebih tinggi bagi komoditi, terutama tenaga.
Bank Negara maintains OPR at 3%
KUALA LUMPUR: Bank Negara has maintained the overnight policy rate (OPR) at 3% after the monetary policy committee (MPC) meeting yesterday, a move widely expected by economists.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/6/business/11613238&sec=business
Published: July 06, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/rup05bb/Article/
Published: July 06, 2012
The central bank said headline inflation was expected to remain moderate for the remainder of 2012. Alliance Investment Bank Bhd chief economist Manokaran Mottain said Bank Negara’s move to maintain the OPR was expected.
He said the last time the central bank reviewed the OPR was in May 2011, with a 25-basis point hike. Since then, the benchmark policy rate has been maintained at 3%.
In a statement, the central bank said the pace of the global recovery had moderated in the recent months. It added that the latest data pointed to slower economic activity and more challenging growth prospects in several regions around the world.
Bank Negara said although pressures in the international financial markets have receded following the recent policy announcements to address the European crisis, a number of important policy issues remain unresolved and continue to unsettle financial markets.
“Economic activity in several of the advanced economies continues to be affected by ongoing fiscal consolidation, impaired financial intermediation and weak labour market conditions. In emerging economies, while domestic demand remains an important source of growth, exports are affected by weak external demand.”
In the domestic economy, recent data and surveys of business conditions suggest that consumption and investment activity remains resilient.
Looking ahead, Bank Negara said domestic demand would continue to be the anchor of growth.
“Household spending continues to be supported by stable employment conditions and income growth. The strong investment activity is mainly led by the domestic-oriented industries, the oil and gas sector and the steady progress in the construction of infrastructure projects,” it said.
adding that headline inflation was expected to remain moderate for the remainder of 2012.
The central bank said with some excess capacity in the economy, the strength of domestic demand was not expected to result in inflationary conditions.
“Global energy and commodity prices are likely to be contained given the weak global conditions. However, upside risks to inflation could emerge should disruptions to global supply result in higher global prices for these commodities,” it added.
In the MPC’s assessment, there continues to be considerable uncertainties in the global economic and financial environment. The MPC will continue to carefully assess these evolving conditions and their implications on the overall outlook for inflation and growth of the Malaysian economy.
Going forward, Manokaran expects the central bank to keep the rate steady, as long as growth remains healthy coupled with low inflation based on several assumptions.
Firstly, he said, at least a break-up of the Eurozone was avoided for now after the recent Greece elections and EU Summit, but a deeper recession appears certain. “Our outlook for a base-case for Malaysia is fitting – we are now projecting a slower gross domestic product (GDP) growth of 4.2% for this year, decelerating from 5.1% last year.”
“In the short-term, we expect real GDP growth to stay around 4% in second quarter 2012, moderating from 4.7% in first quarter – in line with the recent slowdown in economic activities and increasing vulnerability to the major industrial economies. The growth is still supported by strong domestic demand, though moderating from 10.4% in the final quarter of last year, to 7.4% in second quarter,” Manokaran said.
“With regard to inflation, we expect further moderation in prices ahead, at least for the next one quarter, on account of the impact of easing global commodity prices, global economic slowdown and weakening domestic demand. We expect price growth to moderate to between 1.4%-1.6% in this quarter, from 1.7% in May. Overall, we are now forecasting the consumer price index to hit 2% in 2012, moderating sharply from 3.2% last year.”
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/6/business/11613238&sec=business
Published: July 06, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/rup05bb/Article/
Published: July 06, 2012
The central bank said headline inflation was expected to remain moderate for the remainder of 2012. Alliance Investment Bank Bhd chief economist Manokaran Mottain said Bank Negara’s move to maintain the OPR was expected.
He said the last time the central bank reviewed the OPR was in May 2011, with a 25-basis point hike. Since then, the benchmark policy rate has been maintained at 3%.
In a statement, the central bank said the pace of the global recovery had moderated in the recent months. It added that the latest data pointed to slower economic activity and more challenging growth prospects in several regions around the world.
Bank Negara said although pressures in the international financial markets have receded following the recent policy announcements to address the European crisis, a number of important policy issues remain unresolved and continue to unsettle financial markets.
“Economic activity in several of the advanced economies continues to be affected by ongoing fiscal consolidation, impaired financial intermediation and weak labour market conditions. In emerging economies, while domestic demand remains an important source of growth, exports are affected by weak external demand.”
In the domestic economy, recent data and surveys of business conditions suggest that consumption and investment activity remains resilient.
Looking ahead, Bank Negara said domestic demand would continue to be the anchor of growth.
“Household spending continues to be supported by stable employment conditions and income growth. The strong investment activity is mainly led by the domestic-oriented industries, the oil and gas sector and the steady progress in the construction of infrastructure projects,” it said.
adding that headline inflation was expected to remain moderate for the remainder of 2012.
The central bank said with some excess capacity in the economy, the strength of domestic demand was not expected to result in inflationary conditions.
“Global energy and commodity prices are likely to be contained given the weak global conditions. However, upside risks to inflation could emerge should disruptions to global supply result in higher global prices for these commodities,” it added.
In the MPC’s assessment, there continues to be considerable uncertainties in the global economic and financial environment. The MPC will continue to carefully assess these evolving conditions and their implications on the overall outlook for inflation and growth of the Malaysian economy.
Going forward, Manokaran expects the central bank to keep the rate steady, as long as growth remains healthy coupled with low inflation based on several assumptions.
Firstly, he said, at least a break-up of the Eurozone was avoided for now after the recent Greece elections and EU Summit, but a deeper recession appears certain. “Our outlook for a base-case for Malaysia is fitting – we are now projecting a slower gross domestic product (GDP) growth of 4.2% for this year, decelerating from 5.1% last year.”
“In the short-term, we expect real GDP growth to stay around 4% in second quarter 2012, moderating from 4.7% in first quarter – in line with the recent slowdown in economic activities and increasing vulnerability to the major industrial economies. The growth is still supported by strong domestic demand, though moderating from 10.4% in the final quarter of last year, to 7.4% in second quarter,” Manokaran said.
“With regard to inflation, we expect further moderation in prices ahead, at least for the next one quarter, on account of the impact of easing global commodity prices, global economic slowdown and weakening domestic demand. We expect price growth to moderate to between 1.4%-1.6% in this quarter, from 1.7% in May. Overall, we are now forecasting the consumer price index to hit 2% in 2012, moderating sharply from 3.2% last year.”
Thursday, July 5, 2012
Alliance Research expects OPR to remain at 3% for rest of 2012
KUALA LUMPUR: Alliance Economics Research expects Malaysia's monetary
policy to continue to remain accommodative of growth, while also
ensuring adequate levels of price stability in recent months.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/5/business/20120705154241&sec=business
Published: July 05, 2012
In its report on Thursday, it expected the monetary policy to remain unchanged due to falling inflation rates since the beginning of the year.
Bank Negara's monetary policy committee, which is meeting on Thursday, would announce its policy after market close.
Alliance Research said it also took note of the central bank's assertion that there was ample room for policy adjustment, in the event of a deeper economic slowdown impacting the domestic economy.
"The BNM governor has also repeatedly said that the overnight policy rate (OPR) is at an accommodative level and will remain steady for the rest of the year. As such, we expect the OPR to remain unchanged at the current level of 3% for the rest of the year," it said.
As for the second half of 2012, the research house said given the continued uncertainties in the global economy, it is doubtful of a meaningful recovery in the second half of the year.
Alliance Research said any recovery would only be minimal, adding that it forecasts economic growth to remain stagnant at 4% in 3Q and 4.3% in the final quarter of the year.
While the projected GDP growth of 4.2% for Malaysia was based upon the assumptions of a global economic moderation with some resolution to the debt crisis (with Greece remaining in the EU) as well as timely and full implementation of measures announced in the 2012 Budget and Economic Transformation Programme, it noted several downside risks to growth.
The research house said these included a further deterioration in global investor confidence, the increasing likelihood of a prolonged Euro debt crisis as well as a steeper slowdown experienced in the larger regional economies such as China.
As for the Malaysian economy, it added one of the key risks wa the rising level of fiscal deficit (from the estimated 4.7% of GDP in 2012) due to the potential increase in subsidies as a result of high global crude oil prices and lower GDP growth.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/7/5/business/20120705154241&sec=business
Published: July 05, 2012
In its report on Thursday, it expected the monetary policy to remain unchanged due to falling inflation rates since the beginning of the year.
Bank Negara's monetary policy committee, which is meeting on Thursday, would announce its policy after market close.
Alliance Research said it also took note of the central bank's assertion that there was ample room for policy adjustment, in the event of a deeper economic slowdown impacting the domestic economy.
"The BNM governor has also repeatedly said that the overnight policy rate (OPR) is at an accommodative level and will remain steady for the rest of the year. As such, we expect the OPR to remain unchanged at the current level of 3% for the rest of the year," it said.
As for the second half of 2012, the research house said given the continued uncertainties in the global economy, it is doubtful of a meaningful recovery in the second half of the year.
Alliance Research said any recovery would only be minimal, adding that it forecasts economic growth to remain stagnant at 4% in 3Q and 4.3% in the final quarter of the year.
While the projected GDP growth of 4.2% for Malaysia was based upon the assumptions of a global economic moderation with some resolution to the debt crisis (with Greece remaining in the EU) as well as timely and full implementation of measures announced in the 2012 Budget and Economic Transformation Programme, it noted several downside risks to growth.
The research house said these included a further deterioration in global investor confidence, the increasing likelihood of a prolonged Euro debt crisis as well as a steeper slowdown experienced in the larger regional economies such as China.
As for the Malaysian economy, it added one of the key risks wa the rising level of fiscal deficit (from the estimated 4.7% of GDP in 2012) due to the potential increase in subsidies as a result of high global crude oil prices and lower GDP growth.
Wednesday, July 4, 2012
Bank Negara ambil tindakan isu saman H & I Niaga
Bank Negara Malaysia akan mengambil tindakan yang sewajarnya terhadap H & I Niaga Sdn Bhd, bekas kontraktor pembinaan Pusat Sumber Perkhidmatan Kewangan Bank Negara Malaysia.
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/BankNegaraambiltindakanisusamanH_INiaga/Article
Published: July 04, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-negara-ambil-tindakan-wajar-ke-atas-h-i-niaga-1.63683
Published: July 04, 2012
Bank Negara Malaysia akan mengambil tindakan yang sewajarnya terhadap H & I Niaga Sdn Bhd, bekas kontraktor pembinaan Pusat Sumber Perkhidmatan Kewangan Bank Negara Malaysia.
Pada 20 Jun, H & I Niaga mengemukakan tuntutan saman bernilai RM131.9 juta terhadap bank pusat itu sebagai ganti rugi dan bayaran yang belum lunas berkaitan pembinaan bangunan itu. Kontraktor Kelas A Bumiputera yang diberikan kontrak bernilai RM320.3 juta pada September 2005 itu mendakwa kontraknya ditamatkan secara salah pada 2010 setelah kerja pembinaan itu siap lebih daripada 90 peratus.
Dalam satu kenyataan semalam, Bank Negara berkata, H & I Niaga pada awalnya merujuk pertikaian kontrak itu untuk timbang tara.
Namun begitu pada hari pertama sebutan kes itu di mahkamah, H & I Niaga menarik diri daripada proses timbang tara berkenaan.
Bank Negara berkata, ia memiliki proses tadbir urus yang mantap dalam semua perkara yang dilaksanakannya.
"Bank Negara juga mempunyai dokumen terperinci bagi setiap peringkat pembinaan bangunan itu, termasuk rekod bagi keputusan yang sudah dibuat," katanya. - BERNAMA
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/BankNegaraambiltindakanisusamanH_INiaga/Article
Published: July 04, 2012
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-negara-ambil-tindakan-wajar-ke-atas-h-i-niaga-1.63683
Published: July 04, 2012
Bank Negara Malaysia akan mengambil tindakan yang sewajarnya terhadap H & I Niaga Sdn Bhd, bekas kontraktor pembinaan Pusat Sumber Perkhidmatan Kewangan Bank Negara Malaysia.
Pada 20 Jun, H & I Niaga mengemukakan tuntutan saman bernilai RM131.9 juta terhadap bank pusat itu sebagai ganti rugi dan bayaran yang belum lunas berkaitan pembinaan bangunan itu. Kontraktor Kelas A Bumiputera yang diberikan kontrak bernilai RM320.3 juta pada September 2005 itu mendakwa kontraknya ditamatkan secara salah pada 2010 setelah kerja pembinaan itu siap lebih daripada 90 peratus.
Dalam satu kenyataan semalam, Bank Negara berkata, H & I Niaga pada awalnya merujuk pertikaian kontrak itu untuk timbang tara.
Namun begitu pada hari pertama sebutan kes itu di mahkamah, H & I Niaga menarik diri daripada proses timbang tara berkenaan.
Bank Negara berkata, ia memiliki proses tadbir urus yang mantap dalam semua perkara yang dilaksanakannya.
"Bank Negara juga mempunyai dokumen terperinci bagi setiap peringkat pembinaan bangunan itu, termasuk rekod bagi keputusan yang sudah dibuat," katanya. - BERNAMA
Monday, July 2, 2012
Bumiputra firm files RM131.9mil lawsuit against Bank Negara
KUALA LUMPUR: A Bumiputra company has filed a RM131.9mil lawsuit against Bank Negara Malaysia for damages and outstanding payment over the construction of its financial services resource centre here.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/7/1/nation/20120701193627&sec=nation
Published: July 02, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/hni/Article/
Published: July 04, 2012
H&I Niaga Sdn Bhd, a Class A Bumiputra contractor who was awarded the RM320.3mil contract in September 2005, claimed that their contract was wrongfully terminated after the work was 97% completed.
At a press conference on Sunday, the construction company's managing director Datuk Ismail Mohd Hashim and executive director Amerudin Ismail claimed that the non-payment of money allegedly owed could result in the winding-up of the company and them being declared bankrupt.
They are seeking to claim RM81.9mil in outstanding payment including costs for project delays, retention sum and out-of-pocket expenses and RM50mil for financial and reputational damages to the 14-year-old company.
They claimed to have invested almost RM16mil of their own money into the project.
BNM terminated their contract in April 2010 and appointed another to complete the project, Amerudin said.
Amerudin said the termination was allegedly for the progress and milestones of the building's facade which he claimed was the responsibility of a sub-contractor.
Ismail said the company had met their milestones, adding that they had lodged a police report and complaint with the Malaysian Anti-Corruption Commission on June 27.
DAP's publicity secretary and Petaling Jaya Utara MP Tony Pua, who was also present, said the company had no choice but to initiate a legal suit against BNM as it has exhausted all means to settle the matter in an amicable manner, including a failed arbitration process.
“We call on BNM to negotiate a fair settlement for outstanding sums due. The dispute has caused a complete collapse of H&I,” he said.
The suit was filed on June 20. The case is set for mention on July 4, he said.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2012/7/1/nation/20120701193627&sec=nation
Published: July 02, 2012
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/hni/Article/
Published: July 04, 2012
H&I Niaga Sdn Bhd, a Class A Bumiputra contractor who was awarded the RM320.3mil contract in September 2005, claimed that their contract was wrongfully terminated after the work was 97% completed.
At a press conference on Sunday, the construction company's managing director Datuk Ismail Mohd Hashim and executive director Amerudin Ismail claimed that the non-payment of money allegedly owed could result in the winding-up of the company and them being declared bankrupt.
They are seeking to claim RM81.9mil in outstanding payment including costs for project delays, retention sum and out-of-pocket expenses and RM50mil for financial and reputational damages to the 14-year-old company.
They claimed to have invested almost RM16mil of their own money into the project.
BNM terminated their contract in April 2010 and appointed another to complete the project, Amerudin said.
Amerudin said the termination was allegedly for the progress and milestones of the building's facade which he claimed was the responsibility of a sub-contractor.
Ismail said the company had met their milestones, adding that they had lodged a police report and complaint with the Malaysian Anti-Corruption Commission on June 27.
DAP's publicity secretary and Petaling Jaya Utara MP Tony Pua, who was also present, said the company had no choice but to initiate a legal suit against BNM as it has exhausted all means to settle the matter in an amicable manner, including a failed arbitration process.
“We call on BNM to negotiate a fair settlement for outstanding sums due. The dispute has caused a complete collapse of H&I,” he said.
The suit was filed on June 20. The case is set for mention on July 4, he said.
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