Malaysian Association of Corporate Treasurers Hot Topics Event
Date:      Thursday  5 March  2015
Venue:   Hilton KL Sentral
List and Details of Speakers/Panelists

Talk :   Currency and Interest Rate Outlook

Speaker:   Ray Choy is Regional Head of Fixed Income & Currency Research at RHB Banking Group and leads a team of research professionals located across Kuala Lumpur, Singapore and Jakarta. Ray’s experience in the financial markets since 2002 includes G3 and Asian fixed-income and currency strategy, domestic currency and US dollar global bond funds management, regional equities investments, and credit ratings. Over the last decade, Ray has set up two fixed income research teams for investment banks; a team involved in global funds management and research; and currently manages RHB Banking Group’s regional fixed income and currency research platform across strategic business units in Asia. Ray’s team also functions as an integral advisory unit within RHB Banking Group, providing research insights to debt capital markets, global markets, treasury and risk management. In addition, he remains actively involved with the financial markets in formulating and communicating macro strategy for the fixed income and currency markets, providing advice on sovereign credit ratings and has written comprehensively on the link between systemic risks and bond markets.

Panel Discussion:   Managing Risk in a Volatile Environment

Moderator:
Azmi Abdullah, Group Treasurer, Genting Berhad

Panel Members:
Mohamad Hj. Derwish, General Manager, Corporate Finance TM Group Members
Wan Chun Shong, Group Treasurer, Tan Chong Group
Mohd Rashid Mohamed, Group Treasurer, RHB Bank Bhd

Talk: Latest Update on GST

What Every Treasurer should know about GST

Speaker:   Bernard Yap

Bernard is the country head of Indirect Tax and Goods and Services Tax (GST), the lead partner for Financial Services and a Tax partner for Business Tax Compliance in EY Malaysia’s Tax practice.

Since joining EY in 1995, he has been actively involved In tax compliance and consultancy work for both corporate tax, tax advisory, indirect tax and goods and services tax (GST). He has experience conducting tax due diligence, tax documentation reviews and tax audits, tax training, indirect tax planning and advisory, tax planning schemes for large local and multi-national corporations, as well as applications for licences, incentives and tax exemptions. Bernard’s clients comprise a wide range of local companies and multinationals mainly in the financial services, oil and gas, insurance, trading and consumer products industries.

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Seminar for members of MACT
9th October 2014
Lanai Kijang, Bank Negara Malaysia

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0830 – 0900 :     Registration / Morning Coffee

0900 – 0915 :     Opening Remarks

by Dato Lee K. Kwan
President, PPKM

0915 – 1015 :       Basel III and its Implication to Corporates

Mr. Tan Boon Ching
PricewaterhouseCoopers Malaysia

1015 – 1100 :       RMB Business

Mr. Han Jui Kwang,
Bank of China Malaysia

1100 – 1120   :     MORNING BREAK

1120 – 1220 :       Islamic Finance

Encik Ahmad Nazir Che Yen
CIMB Islamic Malaysia

1220 – 1400 :     Lunch & Networking

summit

I am sure you are well aware that Bank Negara  has initiated a road map  to accelerate the country’s migration to e-payments. Such a move will certainly improve the efficiency of the payment system and provide meaningful cost savings and efficiency to the overall economy. MACT fully supports the move by Bank Negara and encourages Corporates to embrace  the migration to e-payment.

In this respect, MACT in collaboration with Sungard Avantgard  is pleased to organize a half  day seminar to raise members’ awareness of all the relevant aspects related to the migration to e-payment.  We are happy to have as a key speaker, Mr Tay Gim Soon, Chief Operating Officer of Malaysian Electronic Clearing Corporation (MyClear),  which is one of the key entities entrusted by Bank Negara, to  drive the migration to e-payment agenda.

The  date and venue are as follows:

Date  : Tuesday 19 August 2014

Time : 10.00am – 12.45 pm (followed by networking lunch)

Venue : Aloft KL Sentral

Full details of our speakers and their discussion topics for the half day event are attached. As places to the event are limited, we would encourage you to register promptly either through a direct response to this email, MACT website or Sungard link at https://financialsystems.sungard.com/solutions/corporate-liquidity/events/industry-events/MACT-Seminar-Best-Practice-Payments-Bank-Connectivity. Kindly respond by 8 August 2014.

We look forward to seeing you at this seminar.

Kind regards
Anne Rodrigues
President of Malaysian Association of Corporate Treasurers

BANK NEGARA BRIEFING ON FOREIGN EXCHANGE ADMINISTRATION RULES

BRIEFING ON FOREIGN EXCHANGE ADMINISTRATION RULES

DATE: 26 JUNE 2014 (THURSDAY)

TIME: 9.30 AM – 1.30 PM

VENUE: MUSEUM THEATRETTE HALL, SASANA KIJANG                            

 9.30am – 12.00 am

(i)    Overview of provisions in the Financial Services Act 2013 (FSA) and Islamic Financial Services Act 2013 (IFSA) relating to Foreign Exchange Administration

(ii)  Overview of new Notices 1 to 7:

  • Notice 1 – Dealings in currency, gold and other precious meals
  • Notice 2 – Borrowing and guarantee
  • Notice 3 – Investment in foreign currency asset
  • Notice 4 – Payments
  • Notice 5 – Security, Islamic security, financial instrument or Islamic financial instrument
  • Notice 6 – Import and export of currency
  • Notice 7 – Exports of goods

(10 minutes tea break @ 10.45 am)

 12.00am – 12.30pm

  • Questions and answer session

 12.30pm – 1.30pm

  • Networking Lunch

Notice is hereby given that the Annual General Meeting of the Association will be held at Westin Hotel, 199 Jalan Bukit Bintang, Bukit Bintang, 55100 Kuala Lumpur, Wilayah Persekutuan, Malaysia on 19th March 2014 at 4.00pm for the following purposes:

  1. To receive the President ’s report on the Activities for the year 2013

  2. To receive the Treasurer’s report and the Accounts for the year 2013

  3. To elect Committee members and appoint the Auditors for the ensuing year

  4. To approve changes to the Constitution of Malaysian Association Of Corporate Treasurers

  5. To deal with other matters as may be put before it.

Notes:

  • Attachments for Agenda item (1) and (2) and (4) enclosed

  • Members who wish to offer themselves for election/reelection under Agenda (3) should submit their proposals duty nominated and seconded to the Secretary by 18 March 2014.

  • High Tea will be served to members and Economic Talk and Market Updates will be given by Economist, Mr. Lim Chee Sing after MACT AGM.

Download : President’s Report 2013

Treasury Best Practices Luncheon – Hosted by MACT & Reval

The Westin Hotel, Kuala Lumpur

As we begin a new financial year, leading Malaysian treasuries are considering what they can do differently to improve treasury performance in 2014. MACT and Reval will share how leading global treasury departments are proactively transforming to remain competitive and compliant. Charged with tackling a new regulatory landscape and growing global businesses, leading global treasury departments are now taking an increasingly central role in corporate organizations.  Understand how treasury roles are evolving and what steps companies are taking to systematically move from a highly operational treasury to a strategic centre of expertise.

12.15pm Registration & Networking
12.30pm Welcome & IntroductionAnne Roderigues, President – MACT

Followed by Entrée
12.50pm Emerging Role of the Strategic TreasurerTony Singleton, Managing Director, APAC – Reval

Followed by Main Meal
1.25pm Regulatory UpdateIFRS 13, IFRS 9, FSA

Chan Hooi Lam, Partner – Ernst & Young

Followed by Tea/Coffee
1.50pm Corporate Treasurers Panel DiscussionLatifah Yusof – Astro Malaysia, Azmi bin Abdullah – Genting & Mohamad Haji Derwish – Telekom Malaysia

Followed by Dessert
2.20pm Question & Answer Session, followed by Closing RemarksAnne Roderigues, President – MACT
2.30pm Session Close

 

Source from The Star Online
Release Date 10 October 2013
Written by Wong Wei Shen

KUALA LUMPUR: The Malaysian Association of Corporate Treasurers (MACT), which was relaunched yesterday, is establishing itself as a platform for treasury practices to exchange views and share information on financial markets and the economy.

“As corporates and small and medium enterprises in Malaysia achieve growth and extend business presence both within the region and internationally, there would be a growing need for an association such as MACT to provide a sound and informed platform for communication exchange on relevant treasury practices,” said MACT president Anne Rodrigues at the relaunch.

Companies such as Telekom Malaysia Bhd (TM), Astro Malaysia Holdings Bhd, MISC Bhd, Axiata Group Bhd, Genting Bhd, UEM Group Bhd and Sungard Malaysia initiated the relaunch of MACT as an official treasury body.

MISC, Sime Darby Bhd, Tenaga Nasional Bhd, TM, Malaysia Airlines and Axiata Group formed the association in 1996. It had 48 corporate members and 110 individual members at that time, but has been dormant since the Asian financial crisis.

Deputy Finance Minister Datuk Ahmad Maslan, who officiated the relaunch, said he was encouraged by the initiative of treasurers from the corporate sector to revitalise MACT.

“I see this as an indication that treasurers themselves have felt the need for such an association in Malaysia, particularly in respect of the role it can perform in engaging with the regulators and in providing comprehensive information to facilitate members in their independent decision making, skills training and education,” he said.

Source – The Malaysian Insiders
Release Date: October 09, 2013

The government will continue to ensure an orderly condition for the ringgit foreign exchange market to enable adjustment in the real economy.6

Deputy Finance Minister Datuk Ahmad Maslan said for the long term interest, priority should be given to achieving an equilibrium between exchange rate flexibility and stability.

“Exchange rate flexibility under the managed float system enables the ringgit to play its role as shock absorber and price indicator,” he said in his speech at the Relaunch of Malaysian Association of Corporate Treasurers (MACT) ceremony in Kuala Lumpur today.

He said the value of the ringgit was determined by market forces and the government does not have any specific target level or range for the exchange rate.

“What is important is the formation of a buffer and structural improvements in the economy and financial markets since the Asian financial crisis 1997/98 had put regional economies, including Malaysia, in a situation in which they are more prepared to manage the risk in financial market volatility compared with a decade ago,” he said.

Ahmad said the domestic demand that remained strong also provided the buffer to external uncertainties.

In addition, the country’s economy is now more balanced than in 2000, with strong economic fundamentals and diversified sources of growth.

“Domestic demand particularly has become a key driver of growth and the services sector plays a more major role. The country’s unemployment level also remains low at 3%,” he said. The financial system is now stronger and more advanced than before, he said.

Ahmad said Malaysia’s banking system which remained resilient as well as its deep and diversified domestic bond market had also created a good intermediation of funds.

Besides that, the level of the country’s international reserves remained strong and external debt was low and under control at 28.2% of gross domestic product in the second quarter of 2013.

As at Aug. 30, 2013, the international reserves of Bank Negara Malaysia totalled US$134.8 billion (RM428.1 billion), sufficient to finance 9.3 months of retained imports and was 3.7 times the short-term external debt.

Recently, the value of the ringgit and other regional currencies recovered strongly, driven mainly by external developments including changes in market expectations relating to the reduction of quantitative easing by the United States.

During the one month ended yesterday, the value of the ringgit increased 2.6% against the US dollar.

“Based on latest currency movement, that is, US$1 equivalent to RM3.1985 when trading closed yesterday, it is clear that its position is in line with the country’s economic fundamentals at present,” said Ahmad. – Bernama, October 9, 2013.

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