News

Zeti: Ringgit will Regain Strength Again

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KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz is again brushing off suggestions to peg the ringgit, saying that doing so would do more harm to the Malaysian economy.

The ringgit has hit new 17-year lows against the US dollar in recent weeks, declining 26% year-to-date and closing at 4.395 yesterday. The ringgit was pegged against the greenback at 3.80 during the height of the Asian financial crisis in September 1998 and was unpegged in July 2005.

“If you peg the currency, something else will adjust and that means prices or demand conditions, and those might have a greater cost on our economy,” she told reporters following her speech at the Malaysia-OECD High-Level Global Symposium on Financial Well-Being.

Zeti also does not envisage implementing capital control measures at this point of time. “We have market mechanisms that adjust. What we want to demonstrate is that when we have fundamentals that can allow us to adjust, then when the uncertainty subsides, our currency will regain its strength,” she said.

Prolonged weakness in the ringgit, coupled with uncertainty on the global economic front as well as a slump in commodity prices, have also weighed on the local equity market.

Experts said the ringgit could hit another low later this week if China’s manufacturing data, which will be released today, comes out weaker than expected.

The uncertainty surrounding a US rate hike has also played a part in the foreign-fund outflow from local equities and bonds.

MIDF Research said in a report on Monday that the market has seen a year-to-date cumulative net foreign outflow to the tune of RM17.7bil.

“There is a lot of uncertainty in the world. We have to demonstrate that we can live in that uncertainty and survive it,” said Zeti.

She pointed to Malaysia’s resilience during the global financial crisis of 2008/2009 and said the country was quite capable of recovering from economic setbacks quite quickly.

“When there was the global financial crisis in 2008 and 2009, we had huge outflows, much more significant that what we are seeing now, and even then, we were able to intermediate those flows,” Zeti said. — By Wong Wei-shen

Source: The Star Online

Secondary Market a Good Hunting Ground

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The GST also has made sub-sale properties an attractive option as the authorities have made the distinction between those who sell 3 or more units of properties within a period of 12 months and those who sell less than 2 units or less.

The former would be required to register for GST while the latter will not need to levy GST on the buyer. This means that there is potential saving for buyers of sub-sale properties if one takes time to shop.

As in any market, there will definitely be properties that are priced below the market price and diligent investors who know where to look can definitely pick up bargains. However, one needs to keep the fundamentals in sight and not be lured by properties that are selling at too attractive prices. Ultimately, location remains a key determinant of the capital appreciation of a property.

Gain more than just know-hows, attend and discover opportunities, threats and latest trends in property investment today!

This 8th & 9th of AUGUST 2015, Wealth Mastery Academy once again brings to you our Flagship Event: Property Investment Convention & Exhibition 2015 in Kuala Lumpur!

This year we will bring to you Young Property Millionaires who will share with you how they successfully went from ZERO to HERO in the Property Investment scene!

√ Explore the opportunities to make Extraordinary profits even during uncertain times.

√ Discover how you can start investing even with low or no capital

√ Learn how to continue financing your property deals even if you think you have maxed-out your borrowing ability!

Demand For Property Remains Stable Despite Current Challenges

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KUALA LUMPUR, July 14 (Bernama) — Despite the economic and political challenges in the country, demand in Malaysia’s property market has remained stable, said Andaman Property Management Sdn Bhd Managing Director Datuk Seri Dr Vincent Tiew.

He said investors, mainly repeat and first-time home buyers, still continue to purchase and place bookings on new projects although there is a 50-50 chance for loan approval.

“The perception and general sentiment says that the market is doing badly, but the truth is, the sales continue and the buying momentum is consistent, not only from the rich but also in the mass segment.

“So the demand is still there, only that they have to see the right property type,” he told reporters today in conjunction with the Property Investment Convention 2015 to be held on Aug 8-9 here organised by Wealth Mastery Academy Sdn Bhd (WMA).

WMA Chief Executive Officer Datuk Terry Ong said the convention aims to help investors on upcoming market movements and trends for 2015 and the first quarter of 2016.

“Experts will present on various topics on investment strategies such as land acquisition, infrastructure benefits, developer movements and government policies, to share with the almost 1,000 participants we expect in this convention,” said Ong.

Meanwhile, BIG Plots Sdn Bhd Director Tan Hwa Chuan, who is one of the speakers, said the convention also hopes to educate investors and home buyers on how to continuously purchase despite the current negative sentiment in Malaysia.

“The current scenario is not as bad as in 2008 (global financial crisis), and some who have knowledge including overseas investors from China, Hong Kong and Singapore have continued buying, but they are buying it quietly because there is always a good property deal.

“The issue is they need to wait for the trigger point when the market rebounds, and when that comes, they will be the first to catch the ‘wolves’,” said Tan.

— BERNAMA

MOC《资本圈》企业参访 | MOC Capital Circle – Corporate Visit

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Good news! < MOC Capital Circle> brought you another exciting corporate visit to Korea Wallpaper and Mediasoft Entertainment on 26th of June 2015! Entrepreneurs tends to learn from each other, increase value to the company, hence, create absolute advantage !!!

Below is the details of two company:

Korea Wallpaper:
－Founded in 2009, ASEAN’s Largest wallpaper gallery at KL, JB, Penang and Melaka.
－Industry leader showcasing thousands of collections imported from South Korea.
－Public recognise its BRAND for highest standard wallpaper at lowest price.

Mediasoft Entertainment:
－Mediasoft is a MSC Status Company and Autodesk Certified Partner.
－Malaysia’s largest game company with 80 employee come from Malaysia, India, Brazil, Germany
－Asia’s Awards winning and Star employer in the local game industry and Universities.

Corporate visitation agenda：
9.30am Korea Wallpaper Reception Registration
10am -11am Korea Wallpaper Corporate Visit
11.15am Mediasoft Entertainment Reception Registration
11.30am -12.30pm Mediasoft Entertainment Corporate Visit
1pm – 2.30pm Networking Luncheon & MOC Sharing
2.45pm End

Credit to <MOC Capital Circle> arrangement，Networking Luncheon sponsored by Korea Wallpaper and Mediasoft Entertainment.

Entrepreneurs and investors that eager to learn how to leverage on Capital Mechanism MUST register. Due to limited seat available, REGISTER NOW, FIRST COME FIRST SERVE BASIS.

Instant Registration hotline:
Queenie ＋019 331 7818
Zoe +018 211 7178

 

好消息！ MOC《资本圈》携您一起于6月26日（五）企业参访Korea Wallpaper 和 Mediasoft Entertainment！企业之间相互学习、提高企业价值、打造企业的绝对优势！

以下是两家优秀企业的简介：
Korea Wallpaper:
－2009年创立，如今是东盟最大壁纸展示厅，分别位于吉隆坡、柔佛、槟城与马六甲
－行业佼佼者，展示过千进口韩国集合系列
－享誉公认品牌－提供最高水准但最低价格的壁纸

Mediasoft Entertainment:
－MSC公司，也是Autodesk认证伙伴
－马来西亚最大游戏公司，超过80位来自世界各地员工（马来西亚、印度、巴西、德国等等）
－荣获亚洲大奖与Star Employer、并获得Apple，Google Store 与Windows Store等各种奖项

流程：
9.30am Korea Wallpaper接待处集合报到
10am-11am Korea Wallpaper 参访
11.15am Mediasoft Entertainment 接待处集合报到
11.30am-12.30pm Mediasoft Entertainment 参访
1pm-2.30pm 午餐交流与MOC分享
2.45pm 圆满结束

在此感谢MOC团队的细心安排，也感恩Korea Wallpaper与Mediasoft Entertainment赞助午餐！
席位只限50位，请尽快报名！

报名热线：
婷婷 ＋019 331 7818
佳蓁 +018 211 7178
WMA富道学院启

PRESS RELEASE: Rise of ASEAN Conference and the 8th Global Entrepreneur Roundtable 2015

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PRESS RELEASE FOR IMMEDIATE PUBLICATION

Rise of ASEAN Conference and the 8th Global Entrepreneur Roundtable 2015; First ever joined entrepreneur and investment outlook into ASEAN

2nd April 2015, Kuala Lumpur- MOC Capital Berhad in collaboration with wealth Mastery Academy and MICE Preferred has presented in-depth information with regards to The Rise Of ASEAN Conference and the 8th Global Entrepreneur Roundtable in Kuala Lumpur. A press conference was held at the Park Royal Hotel, Kuala Lumpur chaired by Dato’ Terry Ong CEO of Wealth Mastery Academy, Dato’ Tony Looi from Persatuan Usahawan Maju Malaysia (Pumm) and Datin’ Samantha Tee COO of wealth mastery academy.

The event scheduled for the 17th of April- 19th April at the Hilton Kuala Lumpur and will be attended by at least 300 delegates from around ASEAN. Malaysia, a growing nation was quoted to be as “A nation capable of being a central business hub for ASEAN for business and business expansion. We want our nation to match businesses on a global scale” this was a key talking point during the press conference, quoted by the CEO of Wealth Mastery Academy Dato’ Terry Ong. Besides conferences that are planned to take place on the specified dates, there will also be cultural night on the second day of the event. This is planned so that Malaysia can showcase to the world that Malaysia not is melting pot of cultures not only locally but also internationally. The introduction of Malaysian hospitality and culture to the other member nations and delegates was also very much stressed on.

Dato Tony Looi also quoted that “We want our nation to grow as a whole, to promote international businesses into Malaysia also matching them with existing businesses”. As quoted by Datin’ Samantha Lee “From the pass GER events we’ve manage to gain the followers and support to make this 8th conference a successful one. This would be the 8th conference that we will be organizing and it is honour as it will be hosted in our home nation”. This conference will provide an opportunity to both Malaysian and foreign delegates the opportunity to witness how that investments can transcend borders and local policies at the same time achieving the desired business aspirations that have been set.

As a whole, This conference is targeted to attract individual that are directly or indirectly involved in investment, entrepreneurs, small and medium business owners, bankers, fund managers, portfolio management and various investment authorities to understand better the economic climate and market ASEAN has to offer.

For more information, please contact

+6018 – 211 8178 / +6018 – 201 1178

aseanrise.com

ASEAN Entrepreneurs Set To Widen Network At Joint Conference, Roundtable

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KUALA LUMPUR, April 2 (Bernama) — Experienced and budding entrepreneurs are set to capitalise on the Rise of ASEAN Conference and the 8th Global Entrepreneurs Roundtable here from April 17-19 to widen their network and market access in the region and further afield.

The first ever joint entrepreneurial and investment events on business outlook and opportunities in ASEAN and around the globe will enable the entrepreneurs to showcase their products and services.

Organised by MOC Capital Bhd in collaboration with Wealth Mastery Academy and MICE Preferred, the events will provide opportunities for Malaysian and foreign delegates to address cross-border investments and local policies, MOC Capital Bhd managing director Datuk Terry Ong said.

“The conferences will delve on opportunities and potentials in ASEAN as well as explore strategies in making forays into the regional market of over 600 million people.

“The events are aimed at providing not only updates on the investment arena, but also to serve as a main networking-opportunity platform for all veteran and upcoming entrepreneurs, investors, irrespective of whether that are small, medium or giant, and investment bankers,” he told Bernama.

Ong said while Malaysians were accustomed to investment and global economic climate, many lacked in-depth knowledge of the investment arena, particularly in ASEAN.

He said the conferences would also provide an opportunity for Malaysian firms to participate in a one-to-one business-matching session with international companies with a few companies expected to enter into a Memorandum of Understanding.

About 700 delegates representing 20 companies from 30 countries are expected to take part in the events, apart from EU-ASEAN Business Council representatives and US-ASEAN business council minister.

Besides Malaysia, other participating countries include Singapore, Middle East countries, Belarus, Portugal, Columbia, Cambodia, the UK, and Australia.

Ong said cultural nights had also been lined up on the second and third days of the events to enable foreign delegates to familiarise with the Malaysian culture as well as to enhance business interaction.

Among notable speakers are SME Corp Malaysia chief executive officer Datuk Hafsah Hashim, SME Association of Malaysia president Teh Kee Sin, EU-ASEAN Business Council executive director Chris Humphrey, and Chris Daniel Wong of the ASEAN Retail Chains and Franchise Federation.

Organised in conjunction with Malaysia’s chairmanship of ASEAN this year, the event will be officiated by Minister in the Prime Minister’s Department Datuk Wee Ka Siong.

— BERNAMA, By Joan Santani Santanasamy

For more information, please visit aseanrise.com