Kpmg malaysia career

KUALA LUMPUR: Prime Minister Datuk Seri Ismail Sabri Yaakob expressed hope that youths will be more knowledgeable and concerned about the parliamentary democracy system and their role as young voters with the implementation of Undi 18 ahead of the next general election (GE). He said youths played a big role in shaping the nation, especially in electing national leaders in line with the amendment to the Federal Constitution that guarantees their right to vote. The number of youth voters, aged 21 to 40, in 2020 stood at 6.2 million people, which is 40.8% of the total 15.3 million registered voters, he said in a message in conjunction with National Youth Day 2022, themed "Ini Masa Kita" that was broadcast on local television stations Sunday (May 15). "On March 12, 2022, the country created history when youths were first given the right and mandate to vote in the Johor state election, which recorded an increase of about 28% with the addition of almost 750,000 voters aged 18 and … [Read more...] about Be more knowledgeable, concerned about country’s democratic system, PM urges youths

This article first appeared in Forum, The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. - A + A Based on its latest annual report, Serba Dinamik Holdings Bhd has in excess of 69,500 shareholders. The company’s market capitalisation is now down to RM315 million. Serba’s market cap was close to RM6 billion a year ago, when KPMG PLT red-flagged its accounts and reported the matter — as required by law — to the Securities Commission Malaysia (SC). KPMG’s audit alert was the start of Serba’s fall from grace. In the last one year, its shareholders have lost 95% of the value of their shares in the company. The company is battling creditors and needs to come up with a scheme to restructure its debts of RM1.8 billion and US$42.4 million to lenders, including bondholders. Shareholders are sitting on a RM5.5 billion wipeout in paper losses. The four directors of Serba who were hauled up by SC for furnishing false information have paid their fines … [Read more...] about Alternative Views: Time to set up a framework for class action

'When a public company provides false statements and sales figures, it could mislead thousands of investors on the financial health of the company and result in huge investment losses,' said Lim. (Photo by Mohamad Shahril Basri/The Edge) - A + A KUALA LUMPUR (May 14): The Malaysian United Democratic Alliance (MUDA) says the reasons offered by Attorney General Tan Sri Idrus Harun to compound Serba Dinamik Holdings Bhd and its executives instead of pursuing criminal proceedings against them have triggered more questions than answers. Referring to Idrus’ statement that criminal proceedings were not pursued to avoid “economic consequences” towards Serba Dinamik’s employees, shareholders and creditors, MUDA central executive committee member Lim Wei Jiet said such reasoning does not make sense based on the timeline involved. “The deep plunge in Serba Dinamik shares started way back in May 2021 when the issue of the removal of KPMG as the auditor triggered a sell-off, … [Read more...] about Serba Dinamik: MUDA claims AG’s reasons trigger more questions than answers

Serba Dinamik seeks restraining order against units, proposes '100% return' scheme of arrangement to creditors - A + A KUALA LUMPUR (May 18): Four subsidiaries of Serba Dinamik Holdings Bhd are seeking a restraining order and a leave to convene a creditors' meeting -- a move seen as to revive the troubled oil and gas group which is facing a winding up petition from its creditors. In a bourse filing on Wednesday (May 18), Serba Dinamik said its subsidiaries, namely Serba Dinamik Group Bhd (SDGB), Serba Dinamik Sdn Bhd (SDSB), Serba Dinamik Development Sdn Bhd and SD Controls Sdn Bhd, have filed an application for the two purposes on May 13. SDGB and SDSB are also among Serba Dinamik’s three subsidiaries, which together with the listed entity were slapped with winding-up petitions from six financial institutions for failing to service its RM1.2 billion syndicated term financing. The lenders are HSBC Amanah Malaysia Bhd, Ambank Islamic Bhd, Bank Islam Malaysia Bhd, … [Read more...] about Serba Dinamik units seek restraining order, proposes ‘100% return’ scheme of arrangement

- A + A KUALA LUMPUR (May 19): Serba Dinamik Holdings Bhd and its four subsidiaries' application for a scheme of arrangement and a restraining order (RO) against its creditors will now be heard before one High Court judge. This follows Justice Ong Chee Kwan from the High Court's commercial division on Thursday agreeing to transfer three of the cases filed before his court to Justice Atan Mustaffa Yussof Ahmad's court. Both Justice Ong and Justice Atan were confirmed as High Court judges last month following their elevation as judicial commissioners. The matter came up before Justice Ong first in the morning when he presided the case involving one of Serba Dinamik directors, Datuk Abdul Kadier Sahib, who has a 16.33% stake in the group, and two subsidiaries — Serba Dinamik Sdn Bhd (SDSB) and Serba Dinamik Development Sdn Bhd (SDDSB). It is understood that Serba Dinamik's counsel Mak Lin Kum told Justice Ong that he intended to apply to transfer these three cases … [Read more...] about Serba Dinamik subsidiaries’ scheme of arrangement and RO will be heard by one judge

Malaysian dancer, ballet advocate and choreographer Lee Lee Lan, considered one of the beloved arts pioneers in the local dance scene, died yesterday (May 16) at the age of 77, according to her son Larry Lee, a spokesperson for the Federal Academy of Ballet. Born in Brickfields in Kuala Lumpur, Lee Lee Lan (real name Tan Lee Lan) began dancing actively in the late 1950s when her two older sisters introduced her to ballet. Her journey in the dance scene in the 1960s wasn’t an easy one as she faced several obstacles and challenges in training and learning ballet in Malaysia. In the early 1960s, she took ballet lessons at a school in Batu Road (now Jalan Tunku Abdul Rahman in KL) under dance teachers Soonee Goh and Blossom Shek. She later trained under British ballet teacher Ethel Foxcroft. One of Lee’s early career anecdotes, which she used to often share, was how her family moved from Kuala Lumpur to Melaka in the early 1960s, and she was cut off from her ballet classes in the … [Read more...] about Lee Lee Lan, celebrated Malaysian dancer and choreographer, dies aged 77

This article first appeared in The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. - A + A MALAYSIA’s service sector is feeling the brunt of a freeze on foreign workers. The struggle to meet orders for food, rooms and other services was evident as patrons made their way to shopping malls, hotels and dining outlets over the Labour Day cum Hari Raya long weekend. Extraordinarily long queues formed outside busy restaurants while servers frantically sought to serve customers, who waited over an hour for their food. Diners lamented that the food was dismal and many dishes, unavailable, while many complained their hotel stay was marred by poor service and uncleaned rooms. A major mini-market chain notified customers via Facebook of a reduction in operating hours due to a staff shortage. Retailers who are committed to new store openings are delaying their launches, while outlets which are typically manned by at least a dozen workers see only a few staff at … [Read more...] about The State of the Nation: Labour shortage spreads to service sector

Share to Twitter Share to Linkedin Faster, higher, stronger: It’s an attitude that pays off on the field as well as off it. The world’s 50 highest-paid athletes raked in $2.97 billion before taxes and agents’ fees over the 12 months ending May 1, smashing 2021’s record total of $2.76 billion. This year’s list features many more notable numbers, however. Here’s a breakdown. 3: The number of athletes who surpassed $100 million in total earnings over the last 12 months. LeBron James, with $121.2 million, reaches the milestone for the first time on the Forbes athletes list while Lionel Messi ($130 million) and Cristiano Ronaldo ($115 million) are each five-time members of the century club. Only seven other athletes have ever accomplished the feat: Roger Federer, Floyd Mayweather, Conor McGregor, Neymar, Manny Pacquiao, Dak Prescott and Tiger Woods. 6: The number of athletes in the top 50 who had never appeared on a Forbes athletes list: … [Read more...] about The 50 Highest-Paid Athletes Made Nearly $3 Billion; Here’s A Breakdown Of The Numbers

Everyone knows the competition for top-tier tech and business talent is intense, with some companies going to extraordinary lengths to bring the brightest minds to their organizations . So if you're not as well known as marquee brands like Facebook and Google, do even have a hope of attracting the best Ivy League-caliber grads to your firm? Yes, answers one small, relatively unknown firm that's managed this feat. But there's one hitch: you might not like what it takes. Applied Predictive Technologies is an Arlington, Virginia-based company that that sells business analytic software to clients such as Guitar Center and Walgreens. Founded in 1999, with an impressive client list and a handful of offices scattered around the world, it is hardly a stealth start-up . But it's not exactly as sexy as the super-hyped kings of Silicon Valley, either. So how does APT mange to snag talent from MIT, Stanford, Oxford, and other top schools, talent that's also being wooed by bigger … [Read more...] about What It Takes to Hire Top Ivy League Talent

PETALING JAYA: After debating Opposition leader Datuk Seri Anwar Ibrahim on May 12, former premier Datuk Seri Najib Razak now wants to take on DAP supremo Lim Kit Siang. Najib said he was compelled to challenge Lim, as the Iskandar Puteri MP repeatedly mentioned his name in press statements. "Apparently, he has retired, but he picks on me every day and keeps saying Malaysia is about to become a failed state. "I debated Anwar the other day in Bahasa Malaysia, but for uncle, I offer to debate you in English," added the Pekan MP. Najib said if the debate is on, he will ask Lim to address the various controversies concerning DAP and his allegations that Malaysia is set to become a failed state. "From the beginning of your political career 60 years ago, you have repeatedly mentioned that Malaysia will go bankrupt. But the country isn't bankrupt yet," he said in a Facebook post. In a statement on Friday (May 20), Lim denied promoting violence when comparing Malaysia and Sri Lanka … [Read more...] about After Anwar, Najib now wants to debate Kit Siang