Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) has expanded its criteria for Approved Securities by reducing the daily market capitalisation requirement from RM500 million to RM200 million, effective today.
The revision is part of Bursa Malaysia’s ongoing commitment to fostering a dynamic and vibrant market, by offering market participants a broader selection of Approved Securities aimed at meeting investors’ evolving needs. Approved Securities are securities that have met the criteria prescribed by the Exchange and may be utilised for purposes of Securities Borrowing and Lending, and short selling.
The expansion of Approved Securities will provide greater ability for investors to manage their portfolios and boost vibrancy in Securities Borrowing and Lending activities, an important component of a well-functioning capital market.
“By broadening access and choice for investors, we are solidifying our commitment to improving market efficiency,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “As a maturing market, it is vital that we offer a marketplace with robust facilities to cater to the differing needs of investors, while remaining focused on ensuring a vibrant, fair and orderly market.”
When updating the list of Approved Securities, careful selection is made based on both quantitative and qualitative criteria to ensure there is sufficient liquidity, and the integrity of the market is maintained. The List of Approved Securities is available on the Bursa Malaysia website. The list is reviewed approximately every 6 months.
Bursa Malaysia remains committed to working closely with all stakeholders to ensure the Malaysian capital market remains competitive, attractive, and well-regulated.
About Bursa Malaysia
Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.
The Malaysia Co-Investment Fund (MyCIF), set up by the Ministry of Finance, has continued to support of micro, small and medium enterprises (MSMEs) in its efforts to promote greater capital market access and inclusivity among the under-served segments.
In its Annual Report 2022 released today, MyCIF noted that the total funds raised by equity crowd funding (ECF) and peer-to-peer (P2P) platforms rose by RM300 million to RM1.7 billion in 2022 from 2021.
It said the 26% year-on-year growth in the overall ECF and P2P markets reflected the growing investor and business interest in alternative financing options. Of the total, MyCIF invested RM282 million compared to RM193 million in 2021, reflecting strong growth in the overall ECF and P2P lending spaces.
MyCIF’s public-private co-investment model via alternative financing platforms is the first-of-its-kind in Southeast Asia. It was set up by the MoF as part of Budget 2019.
MyCIF also reached a higher proportion of under-served segments in 2022. During the year, it implemented a special 1:2 co-investment ratio for agricultural businesses.
As a result, almost four times more agricultural issuers fund-raised on ECF and P2P platforms. Similarly, 28% of MyCIF funds were channelled to non-Klang Valley campaigns, up from 21% in 2021.
“MyCIF has proven to play a key role in supporting the growth of the ECF and P2P lending spaces,” SC Chairman Dato’ Seri Dr. Awang Adek Hussin said. “Approximately 10 times more firms have raised funds via ECF and P2P platforms since the inception of MyCIF.”
By 2022, a total of RM638 million* have been co-invested in almost 35,000 ECF and P2P financing campaigns, benefitting some 3,635 Malaysian MSMEs. Since its inception, MyCIF has generated a positive net return on capital of RM16.5 million. Until the end of 2022, it has received a total allocation of RM230 million, with an additional RM40 million allocated in Budget 2023.
Moving forward in 2023, MyCIF will encourage more innovation in areas that have been identified as strategic to the Malaysian economy.
It will do this by continuing its existing initiatives for agricultural businesses, as well as, extending the similar special 1:2 co-investment ratio to the environmental, social, and governance (ESG) sector.
This is also in line with the national sustainable development agenda, which aims to support the agriculture sector’s transition into a dynamic and progressive sector, and innovation in ESG and sustainability sectors.
MyCIF’s Annual Report also outlined its commitment to good governance while also promoting transparency in the deployment of public funds and the identities of those who have benefitted from them.
*Amount is larger than given allocation of RM230 million due to continuous re-investment of P2P notes, FD interest and ECF dividend
About the Securities Commission Malaysia
The Securities Commission Malaysia (SC), a statutory body reporting to the Minister of Finance, was established under the Securities Commission Act 1993. It is the sole regulatory agency for the regulation and development of capital markets. The SC has direct responsibility for supervising and monitoring the activities of market institutions, including the exchanges and clearing houses, and regulating all persons licensed under the Capital Markets and Services Act 2007. More information about the SC is available on its website at www.sc.com.my. Follow the SC on twitter at @SecComMy for more updates.
We will look at the modus operandi used by Lidt Cooperation Advertising Sdn Bhd or Lidl Cooperation Advertising Sdn Bhd. Both names are fake names used to trap victims. The modus operandi used by this company is like what the author has detailed in the first and second series published on the inovatif.com.my/ website.
In the first series, the author details how this fraud syndicate offers job opportunities to subscribe to channels on YouTube or as a Shopee product promotion assistant, while in the second series, the author details the type of fraud that occurs on Telegram first by hacking accounts and stealing someone’s identity, second, NORDFX Trader’s Investment scheme that promises returns that are too perfect to believe.
These two series were written based on the author’s experience, who disguised himself as an individual looking for job opportunities and accidentally found this scam and decided to investigate further.
This paper is a continuation of the previous two series. What makes this sharing a little different is that it is the experience of a victim who experienced this event himself. The victim also agreed to share his experience on the condition that his identity be kept confidential. The victim gave permission and consent to publish his experience as one of the steps to raise awareness among the community about the existence of fraud syndicates like this.
Here is what she shared:
1. The employer (Lidt Cooperation Advertising Sdn Bhd or Lidl Cooperation Advertising Sdn Bhd) contacted me via WhatsApp, saying they got my personal information on JobStreet (Picture 1, left). I am trying to get a job opportunity because, with my current income, I cannot make any savings at all.
2. I did not find any information related to their organization using the Google search engine, such as company profile and phone number. Searches on JobStreet, LinkedIn, and Indeed also show similar results.
3. They will bait the victim to do a simple task by asking the victim to “LIKE” several videos on YouTube; usually, the victim will be asked to “LIKE” three different videos and will get RM15 as payment for their work. The victim will receive this RM15 within a few hours (Picture 2, right).
Picture 1: Left (Phone number used to invite and contact the victim), right (conversation with the individual who invited the victim)
4. There is no contract (black and white) for this job. Not to mention the terms and conditions imposed by the employer on the employee (this is a sign that we can probably pay attention, there is something wrong here).
5. No interview process occurs via phone call or online (Zoom, Google Meet, Microsoft Team, and others). Claiming this job is only a full-time or part-time job (also a sign that we may notice something wrong here).
6. Victims will be given a Telegram link to contact their customer service officer, Steven (Picture 3, left).
7. Victims will be put into a group on Telegram, to begin with. Steven will give the victim a task categorized as “PROJECT”. Each task will be paid. Victims will be deceived and blinded by receiving payment money from their bank just by giving a “like” to the video only.
8. The victim will be given an assignment. And the link for the assignment is as follows: (https://m.lidlcooperation.com/home). But, for this task, the victim will be asked to pay a sum of money as a deposit. In this case, customer relations officer Steven will determine the deposit amount. The victim just follows what Steven instructs; this task has three transactions. The victim was not told how much of the deposit needed to be withdrawn until the victim reached RM600 as a deposit.
Picture 3: Left (Victim introduced to customer relations officer – Steven), right (Victim invited to join Telegram group)
9. The victim will continue to be tied to the task because this system has been designed to trap the victim, and they will not be able to escape. This task starts from task 1, and the victim is asked to give “like” to several videos on YouTube. This will continue until the 18th task, which relates to giving “like” to the video. At this stage, after the victim is included in the group on Telegram, several fake accounts that resemble normal individuals are created to give the impression that other people are involved in this work and are not alone.
The engagement from these fake accounts is very active as if creating healthy competition among participating members. Until at some point, the victims will feel left behind if they do not participate in their activities because they look very convincing. However, this account is operated by a bot that resembles/mimics the way of normal human conversation.
After that, their customer relations officer will ask for another deposit of RM150. And asking for a second deposit of RM2k (this is also a sign that we can watch out for because there is unlikely to be any job opportunity that asks us to give a deposit of money in advance to get paid for our work).
10. I do not have a sum of money of that value. And the RM600 money that I had taken out in advance to pay the deposit could not be taken out either. If I fail to pay the deposit of RM2k, they will not care about the deposit I have already paid since the beginning. It will be considered burnt just like that.
11. When I give a message/chat to all the individuals in the group, the response to their message is like coming out of the “bot”. Even using Malay language is not capable, even using pictures as if they are local people. They will give a reply, “I don’t even know you”. The conversation in the chat room is from the “bot” itself to create a normal atmosphere in the chat group, and there is nothing odd about it. Until then, their employees warned me that if you don’t want to commit to a task, stop bothering others. This means their fraud has been exposed, and I have discovered they are scammers (Picture 4, right).
12. They have kicked/removed me from the Telegram group. After I tried to contact all the individuals in the group.
13. I tried to call back the WhatsApp number that offered me a job before. I need help because they have blocked my phone number.
In conclusion, hope those out there are always vigilant. Undoubtedly, with the rising cost of living, monthly commitments, and other things that are out of bounds, we need more than real work to make any savings for emergency days. This is added when we work in a big city like Kuala Lumpur, where the cost of living here is higher than in other cities throughout Malaysia.
However, looking for sustenance and side income, we must always be vigilant and careful and take advice from this experience. I was blinded by easy money; easy enough work made me lose judgment and become a victim. When faced with a job offer that is too perfect to happen in the real world, refer to your closest friends, and don’t make decisions recklessly without thinking about the consequences of the actions we take.
I also feel sorry for the pictures of individuals used as a fraud tool that is placed as profile pictures of bots. A little advice from me, don’t share our personal photos excessively; two or three photos may be enough because there is a possibility that irresponsible parties will use personal photos as a fraud tool without our knowledge.
Rashid Ating. Researcher at the Department of Economics, Faculty of Business and Economics, and Institute of Advanced Studies (IAS), Universiti Malaya (UM), Kuala Lumpur.
In Malaysia, 2.97-kilo tonne of paper waste is sent to landfills daily. This could fill Petronas Twin Towers, the Malaysian landmark skyscrapers, in 45 days! This has resulted in more greenhouse gas emissions (GHG), pollution and scarcity of land to accommodate an ever-increasing demand for space for landfill construction.
There’s a new force in town that is founded by a group of enthusiastic packaging material experts, that aims to tackle global warming and environmental pollution by reintroducing residual paper liner from the label packaging industry back into the value chain as recovered cellulose pulp.
This will prevent the valuable paper liner residues from ending up in landfills and focuses on recovering the cellulose pulp as raw material, which meets the need of local paper manufacturers. Materials In Works (MIW) has gained acknowledgement from the United Nations in achieving the Sustainable Development Goals, such as SDG 9 (Industry, Innovation and Infrastructure), SDG 12 (Responsible Production and Consumption), and SDG 13 (Climate Action).
Smart Investor got in touch with John Ooi, Technical Director & Co-Founder of Materials In Works (M) Sdn Bhd to learn more about them and their mission.
John Ooi, Technical Director & Co-Founder of Materials In Works (MIW)
Smart Investor: Could you provide an overview of Material In Works (MIW) and its mission in the ESG industry?
John Ooi: MIW executes several upcycling projects in the ASEAN region. With their innovative solution for paper liner wastes which aims to tackle major challenges of our time associated with landfills and greenhouse gases, the Malaysia-based start-up has gained acknowledgement from the United Nations in achieving the Sustainable Development Goals, such as SDG 9 (Industry, Innovation and Infrastructure), SDG 12 (Responsible Production and Consumption), and SDG 13 (Climate Action).
On top of that, MIW has followed the call from Ecothon, which is searching for entrepreneurs or startups that adopt SDG 12 aspects in their sustainable business model, reducing environmental impact and substitution of essential product ingredients hindering recycling into account. As a result, the start-up with a tech-based solution for paper liner wastes has been crowned as the Champion in Ecothon Malaysia 2021.
SI: What specific environmental, social, and governance challenges does your startup address?
JO: MIW addresses one of the 3 main pillars of ESG, Environmental.
MIW have an IP-backed treatment process that recovers cellulose back into raw material for paper manufacturers, it helps in diverting the valuable waste from ending up in landfill sites. This is mutually beneficial for the environment and the paper industry, as price and availability of raw material are key concerns for players.
By recovering 60% of paper liner wastes in Malaysia, MIW can save 54,600 Trees from being cut down, which is equivalent to offsetting 10,920t of CO2 emissions per year. As such, with the proprietary upcycling solution, MIW can reduce CO2 emissions by 79%, in comparison to conventional landfill disposal methods.
SI: How does your business model integrate sustainability and social responsibility?
JO: MIW adopts a sustainable business model whereby MIW’s core principle of Sustainable Consumption and Production (SCP) is to tackle climate change for the betterment of the 3Ps (People, Planet and Profit). The adoption involves decoupling economic growth from environmental degradations, increasing resource efficiency, and promoting sustainable lifestyles; do more and better with less – “Less is More”. In summary, with the involvement of SCP startups like MIW in the value chain, we catalyze business transformation, in which new products with lower environmental footprints are created for bigger profit, and the benefit would go to the consumers, as they can enjoy making sustainable choices during their purchase for an environmentally friendly product.
SI: Can you elaborate on the positive impact your startup aims to create in the ESG space?
JO: Here you go:
SI: What sets your startup apart from other players in the ESG industry?
JO: The label packaging industry is a mass market producing substantial paper liner waste. In Europe, it attracts many local recyclers / upcyclers to tackle the waste and generate profit from it. Among the recyclers / upcyclers the identical ones are: Reculiner, Cycle4green, Les Recyclades and they are only focused on Europe region. To date, there are no competitors present in the ASEAN region, and the wastes are handled mostly by conventional landfill disposers.
In ASEAN region, MIW position ourselves distinctively with proprietary upcycling technology and processes that produce high quality recovered cellulose pulp as a raw material for paper products manufacturers. The initiative is effectively diverting the valuable paper liner waste from ending up in landfills.
SI: How do you measure and track the ESG performance of your startup?
JO: At the start, the ESG data will be self-measured by MIW. This includes benchmarking with relevant industries, referring to ISO standards, etc. At a later stage, MIW will track and measure ESG performance with confidence via utilizing an independent 3rd party firm by effectively transforming ESG commitments and data into transparent reports for the stakeholders.
SI: What milestones have you achieved so far in terms of sustainability and social impact?
JO: In the year 2021, MIW won as the champion in Ecothon Malaysia SDG 12 Program organized by the Ministry of Entrepreneur Development and Cooperative, Korea Ministry of SME and Startup, ASEM SMEs Eco-Innovation Center (ASEIC), Hanns Seidel Foundation, Centre for Entrepreneur Development and Research (CEDAR).
Few more remarkable achievements made in year 2022:
Top 10 in Youth Co: Lab Malaysia Cohort Program, co-created by the United Nations Development Programme (UNDP) and the Citi Foundation
Top 5 in Environmental NGO Accelerator Programme, organized by Biji-biji Initiative and supported by Yayasan Hasanah
Top 5 in MYStartup Pre-accelerator Programme Cohort 1, a national project initiated by the Ministry of Science, Technology and Innovation (MOSTI) and developed by Cradle Fund
Best Regional Impact Startup in International ISC3 Innovation Challenge for an innovative solution to solving an issue that is particularly relevant to ASEAN region
SI: How much funds are you seeking to raise through this fundraising exercise in collaboration with Beyond4 Fund 1?
JO: RM2 million. The governance structure implemented by BEYOND4 ensures the funds are spent responsibly to give the most value to the investor. BEYOND4 Fund1 aims to invest in the top startups that have traversed this path and proven themselves. This ensures a deal pipeline of the best and brightest startups that have withstood the trials and tribulations over the previous 18 months from accelerator to seed funding to VC investment, thus increasing the probability of a better return on investments.
SI: What are your plans for utilising the funds raised through fundraising for business expansion?
JO: We are planning to raise RM 2,000,000 whereby 30% will be used for setting up our pilot plant at Johor Bahru, Johor while 18% on OPEX and factory rental, 7% for team hiring and employee welfare, 10% each on IP filling, License and Permit also for marketing expenditures. While the remaining 25% will be used as administration, which includes shared services and platform fees.
SI: How do you ensure transparency and accountability in your operations?
JO: MIW is aiming to secure the ISO standards for transparency and accountability purposes (ISO 9001, ISO 14001, etc.).
SI: Can you provide examples of partnerships or collaborations that have helped drive your startup’s growth?
JO: MIW is working with renown public research institutions and universities professionals in several projects that will bring greater value to the company’s growth
Universiti Sains Malaysia (USM)
– Piloting Upcycling Solution to Tackle on Label Packaging Waste, potentially to capture yearly volume of 3,600 tons of paper liner waste available in Malaysia which translates to MYR 5.0 Million worth of revenue
Universiti Teknologi Malaysia (UTM)
– Recovering Clean PET from Thermal Transfer Ribbon Packaging Waste which had received full payment of MYR 67 K from a Japanese MNC client to start a pre-pilot project (potential to grow into MYR 0.5 Million worth of revenue in a year)
– Recovering Calcium Carbonate (Calcite) from Paper Sludge Waste, a promotion on cradle-to-cradle service for paper products manufacturer
SI: How do you engage with stakeholders, including local communities and investors, in your ESG initiatives?
JO: Through MIW initiative, we ensure that all stakeholders in the ecosystem receive quality waste management service and solution products, most importantly helping them to achieve sustainability goals. The key activities are:
Collect waste
Pick up and handle the waste
Upcycling process
Create new materials as raw material
The benefits are:
Label packaging stakeholders who are contributing substantial paper liner wastes to Malaysia’s landfill sites which resulted in more GHG emissions, pollution and scarcity of land to accommodate an ever-increasing demand for space for landfill construction.
Local communities who is living near to the landfill site
The betterment of the environment for our future generation
SI: What challenges do you anticipate in scaling your business while maintaining a strong ESG focus?
JO: The ESG is the core of our business, we do not find any challenges executing the focus once we trained our people well. We strongly believe implementing ESG principles can provide impactful growth, better retention, loyalty, and performance to our company.
SI: How do you see the future of the ESG industry and the role your startup will play in it?
JO: By participating in ESG principles, we believe it gave our organization credibility and a competitive advantage. Consumers are shaping the future of what brands have to offer, and they want a product with a positive impact. The journey to reduce waste that is going to landfills is one that requires cooperation from all parties, even manufacturing industries. Lately, more companies are inclined to incorporate the circular economy model into their business. MIW is one of the companies that can help. Through our upcycling process, MIW is helping in the reduction of waste that is headed to the landfills as well as being able to become a supplier of green raw materials. This raw material will then be used to create A4 copier paper, tissue paper, food packaging, and more.
SI: Can you share any success stories or case studies that demonstrate the effectiveness of your ESG solutions?
JO: Label packaging stakeholders (manufacturers and brand owners) demand for a solution that can repurpose their waste and state they want the organization to be 95% landfill free by 2025. MIW plays an important role in the value chain by demonstrating the capability to upcycle the paper liner wastes into valuable resources such as raw material – Recovered Cellulose Pulp which then can be used to make premium products such as tissue papers, A4 copier paper, cereal box and more.
SI: How do you approach risk management and address potential negative impacts associated with your operations?
JO: MIW has been able to differentiate itself by having our high-quality products processed by IP-backed upcycling technology. We are earning by charging waste collection fees to the label packaging stakeholders at RM 308/ton and via selling recovered cellulose pulp as a raw material at RM 1672/ton. The high-value lignin-free recovered cellulose pulp is expected to fit for making premium products such as speciality papers, tissues and food packaging. The company initiative is supported by universities and research institutions to examine and benchmark the recovered cellulose pulp against virgin pulp with scientifically proven data. The aspiration is to grow with our partners to bring forward green upcycling programs to their clients based on our industrial know-how in the region. Our proven model ensures that all stakeholders in the ecosystem receive quality waste management services and solution products, most importantly helping them to achieve sustainability goals. The key activities are:
Collect waste
Pick up and handle the waste
Upcycling process
Create new materials as raw material
With funds raised from ECF, 30% will be invested into setting up paper liner waste upcycling plant, MIW is scaling the proprietary technology developed in the lab into pre-industrial scale which will attract the early adopters on board by Q3 2023.
The goal for the ECF round is to prove the technology is scalable and reproducible to upcycle paper liner waste into recovered cellulose pulp. Then, it can be sold as a raw material to make into paper products. The pilot plant is meant to upcycle 125 to 280 tons paper liner waste in a month and achieve financially self-sustaining afterwards.
SI: What strategies do you have in place to attract and retain talent that aligns with your ESG values?
JO: The key members on board have a long term, close relationship with the founder of the company, Mr. Ooi. There will be a financial and non-financial incentive. Financial (monetary) incentives are payments or rewards that are given in exchange for achieving certain goals or targets inclusive of Incentive Stock Option. Non-financial incentives are non-monetary rewards, such as awards, privileges, or recognition.
SI: How do you incorporate diversity, equity, and inclusion into your startup’s practices and decision-making?
JO: MIW will uphold the principles of diversity, equity, and inclusion during our hiring processes. After the ECF round, the company will expand the team by hiring a label packaging industry sales veteran for daily account handling and stakeholder engagement. On the USM side, the company has Dr Leh, who is not only working as a technical advisor but also knows the key personnel (some of them are Dr. students) in the paper industry and the machine supplier herself.
SI: What are your long-term sustainability goals and how do you plan to achieve them?
JO: The company is upcycling the hard-to-recycle item, paper liner waste which currently 100% landfill into recovered cellulose pulp. In return, it brought positive impact towards the environment.
(Output based):
Amount of recovered cellulose recovered and upcycled for commercial use in the last 12 months (e.g. 600 tons)
Number of trees saved from being cutting down (One ton of paper liner is made by 13 trees)
Amount of t of CO2-emission offset produced (One tree is absorbing average 200kg of carbon over its lifetime)
The company’s long-term goals are to remain financially sustainable in the beachhead market, followed by an expansion plan to the rest of ASEAN market which is broader than Malaysia, such as Indonesia and Thailand. The label packaging industry sales veteran will engage actively with the brand owners (such as Nestle and DHL) and label packaging stakeholders who already have footprint in the mentioned countries in ASEAN.
SI: How do you plan to leverage emerging technologies or innovation to further enhance your ESG offerings?
JO: The startup is working on fundraising to scale up its technology to a pilot scale, with a focus on label packaging stakeholders. They are also looking for collaboration opportunities with other paper product manufacturers such as tissues, food packaging, and speciality papers. MIW also works on further improving the paper liner treatment itself, e.g., by reclaiming the silicone used for the anti-adhesive coating on the paper liners. MIW operates mainly in the ASEAN region, with Malaysia as the beachhead market. MIW initiative is supported by industry experts, machinery suppliers and renowned Malaysian public universities. With their innovative solution for residual paper liner reducing the landfill and Green House Gases problems, MIW contributes to SDG 9 (Industry, Innovation and Infrastructure), SDG 12 (Responsible Production and Consumption), and SDG 13 (Climate Action).
SI: Lastly, what message would you like to convey to potential investors who are considering supporting your startup’s expansion?
JO: ‘Make A Positive Impact While Backing A Sustainable Mission’
MIW solution ♻️ repurposes paper liner waste into Recovered Cellulose Pulp, creating a valuable resource for paper product manufacturers while diverting waste from landfills.
Investing in MIW means supporting a sustainable business that benefits not only the label packaging stakeholders but also the local communities and the environment for future generations.
SIBS, one of the world’s leading in modular construction technology, is proud to announce that it has successfully secured a multi-billion-ringgit contract to deliver 2174 apartments to Neom, one of the largest urbanization projects located in northwest Saudi Arabia. The project will be delivered in the form of turn-key buildings from a finalized bottom slab upwards. The entire project will be delivered and commissioned by Q3 2024. This significant achievement marks a breakthrough for the company’s continued growth and success in the industry.
The project, known as NEOM will be a ground-breaking development in the heart of NEOM city intended for those working on the planning, engineering, and construction of the project. With 2174 apartments distributed among 35 buildings, the development offers luxurious living spaces and an array of amenities tailored to meet the needs of modern urban dwellers.
The buildings consist of one- and two-bedroom apartments fully fitted with quality designed built in furniture’s, exclusive bathrooms, and balconies for each apartment. Sustainability has always been at the very sole of our design philosophy and together with our efficient building systems, we are able to achieve a high level of energy efficiency. Our flexible yet robust building design makes relocation of these buildings to other regions of Neom a breeze as this mega project progresses.
Erik Thomaeus, CEO of SIBS Group
“We are thrilled to have secured this monumental project. This development represents a major milestone for our company and reflects our commitment to creating exceptional living experiences for tenants. The fact that SIBS has been selected as a supplier to NEOM is a clear confirmation that we have the competence and delivery strength that few in the world can match. We look forward to contributing to the development of NEOM as an international hub for, among other things, innovation, business, and sustainable development. We are excited to contribute to the growth and development of NEOM while providing a vibrant and sustainable community.” says Erik Thomaeus, CEO of SIBS Group.
When SIBS started in 2016, the team had only one mission in mind and that was to revolutionize how homes are built. Its substantial scalable capacity and ability to adapt to different requirements from all regions of the world is further validated with the securing of the NEOM project.
Last year, the finest modular construction company invested in its new plant in mainland Penang, Malaysia. It has ever since boosted its productivity four folds, making SIBS one of the largest producers of apartment modules in the world. The state-of-the-art factory which spans across a 550,000 sq ft footprint on a 28-acre site is also almost entirely operated through solar energy to reduce its carbon footprint. The new plant is designed to meet the world’s growing needs for a more intelligent, efficient, and effective construction method.
CEO of SIBS Malaysia, SP Ong, said “Securing this project enables our company to strengthen its position as an industry leader in modular construction. We have a product that is unique and in high demand and I am confident that with a team of professionals whom we have assembled we will continue to improve to strengthen our position in this industry as the leader in construction tech. Everything in our factory is custom designed and built, from its production system to the machines used for production – something that no other competitor has. Not forgetting that we are one of the first to be able to complete 90% of an apartment building off-site leaving only 10% on-site work. We are also proud to be a company that prioritizes on using local suppliers and local professional talents. To further increase efficiency, we have also strategically placed our main suppliers within close proximities of our plant to avoid disruptions to our production. Doing so reduces our dependence on distant sources which are susceptible to disruptions and volatility. This mitigates risks and enhances our ability to respond quickly to demands and changing circumstances.
When we prioritize our borders, we directly boost our domestic economy. The ripple effects of this decision are profound, touching every corner of our society. Aside from delivering the best products, we have a serious commitment to contribute to local economic growth, job creations, and community development as an organization.” He concluded.
The success of SIBS in securing this multi-billion-ringgit apartment building project can be attributed to its experienced team of professionals who bring the substance of expertise and a passion for innovation to every project they undertake. Their dedication and commitment to excellence have earned the reputation for reliability in delivering high-quality products and ultimately positioning the company as the preferred choice in the construction technology industry.
SIBS is grateful for the support and trust of its partners, investors, suppliers, and the local
community. The company remains committed to delivering this ambitious project on time, within budget, and to the highest quality standards.
NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
NEOM will include hyperconnected, cognitive cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.
SIBS Group was founded in 2016 and is today one of the world’s leading modular home manufacturers. With a scalable capacity of around 6,000 homes per year, we deliver sustainable, high-quality homes adapted to local conditions. SIBS has the entire integrated value chain for industrial construction within the group – from design and configuration in its building system, industrial production in its own factories and on-site assembly/finalization. With the help of digitalization and technology, we set a new standard in the construction industry.
RAM Ratings has maintained a stable outlook on the Malaysian insurance and takaful sector, which we expect to stay resilient in the face of a changing landscape, market volatilities and the normalisation of claims towards pre-pandemic levels. Notwithstanding headwinds, the sector is still well-capitalised to absorb potential shocks.
Against this landscape, RAM’s key expectations for the sector this year are:
▪ New business (NB) expansion of 8% for the life and family sector (2022: +3% y-o-y; 2021: +18%). ▪ Earnings recovery in the life and family takaful sector as downside risks recede. ▪ Growth in the non-life sector will be flat at best as car sales are anticipated to decline from last year’s all-time high. ▪ Non-life sector’s claims and combined ratios will normalise to pre-pandemic levels. ▪ Capitalisation will remain sound despite still-elevated market risks (capital adequacy ratio as at end-December 2022: 226%; end-December 2021: 224%)
The slower NB growth of the life and family takaful sector is attributable to a pullback in demand for investment-linked products given challenging investment conditions last year and, to some extent, the expiry of the loan repayment moratorium as the resumption of loan instalments reduced the consumption capacity of individuals. We expect NB generation to pick up pace with growth of 8% this year as expansion of the ordinary life/family segment remains strong (2022: +19%), underpinned by an increased awareness of the need for life and health protection as well as the mortgage insurance/takaful business.
Higher claims and payouts of policy benefits, having climbed 13.5% y-o-y (2021: -0.5%; 2020: +0.8%), dented the sector’s underwriting income last year. This was in line with our earlier expectations that medical claims will rise in tandem with a normalisation in the volume of medical procedures to pre-pandemic levels and medical cost inflation. Coupled with outsized investment-related losses, driven primarily by the spike in Malaysian Government Securities yields amid an environment of steep interest rate hikes, the sector’s bottom line sank to a multi-year low of RM8.6 bil (2021: RM12.9 bil; 2020: RM22.3 bil).
“Some earnings recovery is expected this year even though financial markets could still be volatile in view of global uncertainties. Fluctuations should, however, moderate from levels seen last year,” said Sophia Lee, RAM’s Co-head of Financial Institution Ratings.
The claims ratio of the non-life sector also normalised upwards (2022: 57%; 2021: 51%), largely due to increased motor claims. The weaker claims performance and a heavier cost load culminated in a loftier combined ratio of 92% (2021: 87%). “We expect the combined ratio to stay on the higher end of the 85%-95% historical range moving forward, as the claims ratio nudges closer to pre-Covid levels and margins are compressed further amid rife competition,” Lee adds. The non-life sector charted stellar growth of 12% in 2022 (2021: +3.8%; 2020: -0.1%) on account of all-time high car sales – which would unlikely repeat this year – and improved economic conditions. The sector’s growth will be flat at best in 2023.
On a separate note, Malaysian Financial Reporting Standard (MFRS) 17 Insurance Contracts, which outlines new requirements on recognition and measurement of insurance revenue and liabilities, came into effect on 1 January 2023. The complex accounting standard has entailed a major overhaul of processes and systems and will remain burdensome, with players having to maintain two books – one based on the new standard and another on the previous standard for regulatory capital purposes. “However, the profitability of insurance contracts does not change with the new standard although the manner in which revenue and profits are recognised would differ,” said RAM rating specialist Loh Kit Yoong.
The revival of mergers and acquisitions (M&A) activity after a lull may also see shifts in market dynamics, particularly in the non-life industry where there has been some degree of market consolidation after the respective AmGeneral-Liberty and Generali corporate exercises. Following the completion of FWD Group’s acquisition of a 70% stake in Gilbraltar BSN Life and news of potential M&As (Berjaya-MCIS and Tokio Marine’s plan to dispose of Southeast Asian operations) in the last few months, there could be further activity on this front.
The evolving operating landscape with ongoing structural reforms, complex MFRS 17 implementation, and increased M&As mean that players will have to up their game to stay competitive, even while navigating these challenges. The push for digital and more innovative solutions through Bank Negara Malaysia’s (BNM) financial technology sandbox – together with better financial literacy, and efforts to simplify protection products and improve affordability and accessibility – would culminate in higher insurance/takaful penetration in the long run (measured by premiums to GDP; BNM’s Financial Sector Blueprint target of 4.8%-5.0% against RAM’s 2022 estimate of 4.6%).
About RAM Rating Services Berhad (RAM Ratings)
Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Credit Rating Agencies. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
Suruhanjaya Sekuriti Malaysia (SC) mempelawa para sarjana untuk memohon penyertaan dalam Program Felo Sarjana Tamu (SIR) ke-12 dalam bidang Kewangan Islam, di Pusat Pengajian Islam Oxford (OCIS) bagi sesi akademik 2023/24.
Program SIR terbuka kepada ahli akademik atau pengamal yang berkebolehan dalam menjalankan penyelidikan gunaan secara bebas mengenai topik kontemporari yang berkait rapat dengan pasaran modal Islam.
Bidang keutamaan termasuk kewangan sosial Islam, pelaburan berimpak, teknologi kewangan, kewangan peralihan dan yang berkaitan dengan pelaburan mampan dan bertanggungjawab.
Pemohon yang mempunyai kepakaran dalam kewangan Islam dan/atau disiplin yang berkait rapat dengan pengalaman praktikal yang luas dalam bidang berkaitan adalah digalakkan untuk memohon.
Pemohon yang berjaya dijangka akan menetap selama satu tahun akademik di OCIS mulai Oktober 2023. Sebagai sebahagian daripada program, sarjana terpilih juga sesekali dikehendaki menyampaikan syarahan dan mengadakan seminar, terlibat dalam kajian kolaboratif, dan menyumbangkan tenaga kepada institusi berkaitan.
Program ini adalah sebahagian daripada usaha berterusan SC untuk memacu pembangunan global yang mampan bagi pasaran modal Islam, dengan kepimpinan pemikiran sebagai tonggak utama.
Suruhanjaya Sekuriti Malaysia (SC), sebuah badan berkanun yang melapor kepada Menteri Kewangan, ditubuhkan di bawah Akta Suruhanjaya Sekuriti 1993. Ia merupakan agensi kawal selia tunggal bagi pengawalseliaan dan pembangunan pasaran modal. SC mempunyai tanggungjawab langsung untuk menyelia dan memantau aktiviti institusi pasaran, termasuk bursa dan rumah penjelasan, dan mengawal selia semua individu yang dilesenkan di bawah Akta Pasaran Modal dan Perkhidmatan 2007. Maklumat lanjut mengenai SC boleh didapati di laman sesawangnya di www.sc.com.my. Ikuti SC di twitter di @SecComMy untuk perkembangan terkini.
KL Wellness City (KLWC), the first purpose-built township project in Southeast Asia to cultivate a lifestyle fully integrated with healthcare and wellness, marked its official launch today at the KL Wellness City Gallery in Bukit Jalil. The ceremony welcomed the Minister of Health, YB Dr Zaliha Mustafa as its Guest of Honour to officiate the momentous occasion.
With a gross development value (GDV) of RM11 billion and spanning over 26.49 acres, the development is a world-class medical and wellness living at its core. The project features a well-rounded ecosystem primed for wellbeing and health – The Nobel Healthcare Park, the KL International Hospital (KLIH), innovation laboratories, clinical R&D facilities, healthcare company office towers, a retirement resort, a Healthcare Hub, wellness-centric serviced apartments, a fitness-based Central Park, and more.
For the past few years, during the pandemic, Malaysia has been fighting hurdles in keeping up infrastructure development with patient load, retaining our medical talents, maintaining continuance of care in preparation for an ageing nation and a continuous war against Non-Communicable Diseases (NCD).
Positioning Malaysia As A Hub For Medical Tourism
From Left: Pn Norhaslina Othman, Malaysia Healthcare Travel Council Vice President (Facilitation), Dato’ Sri Vincent Tiew, Executive Director (Branding, Sales, And Marketing), YB Dr. Zaliha Mustafa, Minister of Health, Dato’ Dr. Colin Lee, KL Wellness City Managing Director, Wan Zamri Wan Hassan, Director (Project Development), Ms. Lim Bee Vian, Malaysian Investment Development Authority (MIDA), Deputy Chief Executive Officer, Datuk Seri Garry Chua, Non-Executive Director (Retail, Consumerism & Construction)
“In full support of Malaysia’s national plan to be recognised as one of the best places for medical tourism, KL Wellness City is designed to provide and prioritise health and wellbeing as the heart of its development, through its vision of a 360-degree wellness hub centred around its township which encompasses all aspects of medical care, health, wellness, fitness, and business, complete with residential, retail, and commercial offerings,” said KL Wellness City Managing Director, Dato’ Dr Colin Lee.
In line with the national vision of solidifying Malaysia’s position and track record as the top destination for medical tourism in mind, KL Wellness City will serve as the ultimate one-stop oasis for the body and mind for both domestic and international travellers.
Preparing For An Ageing Nation
YB Dr. Zaliha Mustafa, Minister of Health, adds her signature to the plaque following the successful official launch ceremony of KL Wellness City
Other than being a cornerstone for healthcare travel, according to Dato’ Dr Colin, the KLWC project is also an initiative that is built with an ageing nation in mind. Malaysia, having attained its status as an ageing nation, has an ageing population growing at a faster-than-expected rate where more than 15% of its population will be above the age of 65 by 2050.
In response to this shift in population demographics, Malaysia is currently in pursuit of WHO’s Universal Health Coverage and Sustainable Development Goals, that is to provide equitable healthcare and wellness for all. “The KL Wellness City master plan incorporates thousands of facilities and residences. This township is a significant step towards embracing an ageing nation, with facilities for comprehensive healthcare dedicated to wellbeing through elderly care, retirement resorts, as well as independent and assisted living.” Dato’ Dr Lee added.
Retaining And Cultivating Local Medical Talents
Dato’ Dr. Colin Lee, Managing Director of KL Wellness City, expresses gratitude by presenting a token of appreciation to YB Dr. Zaliha Mustafa, Minister of Health
The flagship KL International Hospital (KLIH), approved as a tertiary hospital with 624 beds and scalable to 1,000-bed capacity, will be on the same ranks as renowned institutions like Thailand’s Bumrungrad International Hospital, as well as Mount Elizabeth Novena, Singapore.
Some of the of medical equipment and facilities to be equipped in the KL International Hospital will be amongst the first in the Southeast Asia region, offering a fully comprehensive and integrated ecosystem of healthcare services including wellness and fitness facilities across diverse areas, including cardiology, spine health, neuro health, sports medicine, cosmetic surgery, and fertility, with R&D laboratories and facilities for clinical studies.
With the support of the Malaysian Investment Development Authority (MIDA) towards the KLIH, the new private hospital will be built within the mixed development of KL Wellness City in Kuala Lumpur with proposed investment of RM860 million. The project, set to be in operation in the first half of 2026, will create over 3,000 job opportunities for medical professionals, including medical specialists, doctors, nurses, pharmacists, technicians, and others.
“The commitment of KLWC to raising the bar for healthy living and wellbeing resonates with the Ministry of Health’s whole-of-system approach. It aligns perfectly with our national vision and the direction set forth in the 12th Malaysia Plan.
Undoubtedly, I have faith that KLIH will attract multidisciplinary leading specialists to practice in a single hospital location, shortening turnaround time for both local and foreign patients, optimising patient care and experience.
We foresee KLIH filling in that gap for Malaysians, and we stand in support of KLWC resonating with their purpose. The Ministry applauds the efforts of the tertiary hospital to maintain our leading position in this region and globally. We will continue to endorse KL International Hospital’s commitment,” said YB Dr Zaliha Mustafa, Minister of Health Malaysia.
Dato’ Dr Colin also expressed his gratitude for the support of the Malaysian Government for the groundbreaking project. “We are honoured by the presence of the esteemed Minister of Health, YB Dr Zaliha Mustafa, which further exemplifies our shared commitment to make Malaysia stand among the best in the SEA region.”
VIPs pose for the photo album to commemorate the successful official launch ceremony of KL Wellness City
About KL Wellness City
KL Wellness City Sdn Bhd is the master township developer. At the forefront of wellness and healthcare, KL Wellness City is the first in Southeast Asia to cultivate a lifestyle fully integrated with healthcare. Pioneering a comprehensive ecosystem embodying healthcare and wellness living, KL Wellness City’s concept is uniquely modelled by its declaration to redefining, strengthening, and broadening our experience of health and quality of life. Sharing in this vision of building a 360-degree wellness hub, the KL Wellness City community boasts The International Tertiary Hospital, Medical Suites, innovation laboratories, clinical R&D facilities, healthcare company office towers, a retirement resort, a Healthcare Hub, wellness-centric serviced apartments, a fitness-based Central Park, and more.
Serving as a healthcare nexus, these pivotal elements collectively render KL Wellness City the ultimate one-stop oasis for the body and the mind. Each component of this township is carefully conceptualised to excel both independently and collectively as a part of the community’s integrated ecosystem encompassing medical care, healthcare, wellness and fitness.
Pursuant to the earlier media release “Bursa Malaysia And RAM Collaborate On A New Debt Fundraising Platform,” issued on 22 December 2022,” Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and RAM Holdings Berhad (“RAM”) are pleased to announce that our joint venture entity, Bursa Malaysia RAM Capital Sdn Bhd (formerly known as BM RAM Capital Sdn Bhd) (“BR Capital” or “Company”) had on 2 June 2023 received approval-in-principle from the Securities Commission Malaysia (“SC”) in relation to BR Capital’s application to be registered as a Recognized Market Operator under the SC’s Guidelines on Recognized Markets, to manage and operate a new debt fundraising platform.
“We are appreciative of the SC’s support and are excited to be making good progress towards offering this new solution – investment notes as an alternative option for fundraising by small to mid-sized companies, while providing more investment opportunities to investors,” said Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia. “This upcoming fixed income solution is part of our aspiration towards truly being a multi-asset exchange.”
Chris Lee, Group CEO and Executive Director of RAM, echoed the sentiment, stating, “The approval-in-principle from the SC is a significant milestone for both RAM and Bursa Malaysia. The platform shall broaden fund raising avenues for both listed and unlisted entities whilst providing new fixed income investment opportunities to all investors. This collaborative achievement positions us to drive sustainable growth in the Malaysian capital market.”
About Bursa Malaysia
Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.
About RAM Holdings Berhad
RAM Holdings Berhad (RAM Group) is a leading provider of independent credit ratings, research, training, risk analysis, ESG analytics and bond pricing. Formerly known as Rating Agency Malaysia Berhad, RAM Holdings was established in November 1990 as a catalyst for the domestic debt capital market and as the nation’s first credit rating agency. In 2007, our rating operations were novated to a newly formed subsidiary, RAM Rating Services Berhad. Apart from credit ratings, the RAM Group also offers myriad solutions ranging from economic and debt market research, data & analytics and sustainability services. In 2016, RAM Sustainability commenced offering Sustainability Ratings, a tool and framework that measure companies’ environmental, social and governance (ESG) performance. Bond Pricing Agency Malaysia Sdn Bhd (BPAM) became a wholly owned subsidiary of RAM Holdings Berhad on 30 June 2021. The company is the sole provider of bond-pricing and valuation data on the Malaysian bond market and is regulated by the Securities Commission Malaysia.
Landskap pelaburan hari ini mempunyai banyak cabaran. Persekitaran ekonomi semasa yang berinflasi tinggi dan kos sara hidup yang lebih tinggi telah mengakibatkan peningkatan ketidaktentuan di dalam pasaran kewangan. Sementara itu, populasi yang semakin berumur menambah tekanan terhadap simpanan persaraan. Kesan daripada trend global ini, rakyat Malaysia menjadi semakin terdedah di dalam perjalanan pelaburan mereka.
Institute for Capital Market Research Malaysia (ICMR) telah menjalankan kajian di seluruh negara untuk lebih memahami keterdedahan zaman baru ini. Kami mendapati punca bagi kelemahan pelabur datang daripada pelbagai sudut dan boleh dikelaskan secara amnya kepada tiga kategori berdasarkan ciri-cirinya. Dalam artikel ini, kami akan meneroka kategori pertama dan yang paling biasa: tingkah laku kewangan dan kebolehcapaian.
Lebih Banyak Keputusan, Lebih Letih
Penemuan tinjauan kami mendapati bahawa kebanyakan pelabur Malaysia mengalami kelemahan disebabkan oleh tingkah laku kewangan mereka dan kebolehcapaian terhadap produk dan perkhidmatan kewangan. 93% daripada responden yang dikaji mempunyai tiga atau lebih tingkah laku dan akses yang boleh membuatkan mereka berasa terdedah, termasuklah persepsi mereka tentang status kewangan mereka sendiri, tingkah laku simpanan dan celik kewangan.
Daripada sudut persepsi status kewangan, kebanyakan rakyat Malaysia melaporkan bahawa mereka tidak stabil daripada segi kewangan atau hidup kais pagi makan pagi, yang mempengaruhi tahap tekanan kewangan dan kesejahteraan mereka. 74% daripada mereka yang tidak stabil daripada segi kewangan dan 54% yang hidup kais pagi makan pagi, mengaku bahawa mereka sentiasa berasa tertekan dan bimbang apabila memikirkan tentang masa depan kewangan mereka.
Jadual 1: Status Kewangan Yang Dirasa (Sumber Data: ICMR)
Kajian tingkah laku terdahulu telah menunjukkan bahawa semakin banyak keputusan yang terpaksa dibuat, semakin banyak keletihan yang terhasil, seterusnya membawa kepada kualiti membuat keputusan yang semakin merosot – sebuah konsep yang dikenali sebagai keletihan keputusan. Lebih-lebih lagi, individu yang kerap mengalami tekanan kewangan cenderung mengalami keletihan membuat keputusan yang lebih teruk berbanding individu lain.
Sememangnya, 61% daripada mereka yang tidak stabil daripada segi kewangan dan 42% daripada mereka yang hidup kais pagi makan pagi mengakui bahawa mereka mengalami keletihan mental apabila memikirkan tentang perancangan kewangan dan lebih suka untuk mengikut keputusan ahli keluarga dan rakan-rakan mereka. Seperti yang ditonjolkan di dalam artikel kami sebelumnya, ini menyebabkan mereka lebih terdedah kepada penipuan, diperdaya dan mencipta gelembung pelaburan.
Tidak Cukup Simpanan Untuk Waktu Sukar
Di samping status kewangan, ICMR juga berusaha untuk memahami tingkah laku simpanan rakyat Malaysia, memandangkan betapa pentingnya untuk mempunyai simpanan yang mencukupi bagi memastikan daya tahan kewangan terhadap sebarang kejutan dalam kehidupan yang tidak dijangka. Berdasarkan panduan oleh Kumpulan Wang Simpanan Pekerja (KWSP), adalah disyorkan bahawa rakyat Malaysia mempunyai sekurang-kurangnya 20% simpanan bulanan dan 6 bulan simpanan kecemasan.
Satu andaian biasa ialah rakyat Malaysia secara amnya tidak mengetahui tanda aras simpanan ini, tetapi penemuan ICMR mencadangkan sebaliknya. Walaupun 43% responden tahu bahawa mereka harus menyimpan 20% daripada pendapatan bulanan mereka, hanya 23% yang benar-benar mengikutinya. Begitu juga dengan dana kecemasan, 34% tahu bahawa mereka memerlukan simpanan sebanyak 6 bulan atau lebih, tetapi hanya 22% yang mendakwa mempunyai jumlah tersebut untuk kecemasan.
Jadual 2: Tingkah Laku Simpanan dan Simpanan Kecemasan
Satu lagi andaian ialah mereka yang berpendapatan tinggi boleh menyimpan paling banyak, manakala tekanan kewangan biasanya dikaitkan dengan mereka yang berpendapatan rendah. Kajian kami sekali lagi mencabar andaian ini, kerana penemuan kami menunjukkan bahawa 68% responden di dalam kumpulan berpendapatan tinggi menyimpan kurang daripada 20% pendapatan bulanan mereka dan 76% mempunyai simpanan kecemasan kurang daripada 6 bulan.
Memandangkan rakyat Malaysia sedang bergelut untuk menyimpan secara tetap dan tidak mampu untuk menampung kewangan mereka semasa waktu sukar, adalah sukar untuk mengharapkan mereka untuk menunjukkan tabiat menyimpan yang lebih baik bagi matlamat jangka masa panjang seperti persaraan. Ini kemudiannya membawa kepada faktor lain yang mentakrifkan kelemahan pelabur di Malaysia – simpanan persaraan atau kekurangannya.
Kurangnya Persediaan Persaraan
Berdasarkan andaian bahawa seseorang itu akan bersara pada umur 55 tahun dan jangka hayat di Malaysia ialah 75 tahun, simpanan seseorang itu perlu bertahan sekurang-kurangnya 20 tahun. Walau bagaimanapun, apabila kami bertanya kepada responden kami berapa lama mereka menjangkakan simpanan semasa dan simpanan KWSP mereka akan bertahan selepas bersara, 75% berpendapat bahawa jumlah simpanan persaraan mereka akan bertahan kurang daripada 20 tahun yang diperlukan selepas bersara nanti.
Punca utamanya adalah disebabkan oleh kekurangan simpanan persaraan, terutamanya dalam kalangan pesara dan pekerja gig. 62% pekerja gig yang ditinjau mendakwa mempunyai simpanan persaraan kurang daripada RM50,000, dan yang lebih membimbangkan ialah 70% pesara yang dikaji mempunyai simpanan persaraan kurang daripada RM250,000 – lebih rendah daripada anggaran KWSP untuk menampung keperluan asas selama 20 tahun selepas bersara.
Jadual 3: Simpanan Persaraan mengikut Kumpulan Umur
Walaupun mereka yang berumur 40 tahun dan ke bawah cenderung untuk memenuhi aras simpanan asas persaraan seperti yang ditetapkan oleh pihak KWSP, sebaik sahaja mereka mencapai umur 41 tahun, lebih separuh daripada pencarum KWSP tidak dapat memenuhi sasaran simpanan asas bagi setiap kumpulan umur. Ini mungkin disebabkan oleh mereka mula mengeluarkan simpanan KWSP mereka untuk pinjaman rumah, pendidikan anak-anak, atau perbelanjaan kesihatan.
Bagi melengkapkan lagi penemuan tinjauan kami, ICMR turut menjalankan temu bual kualitatif dengan pesara di Lembah Klang. Mereka yang ditemu bual berkongsi bahawa mereka tidak tahu apa yang perlu dilakukan dengan jumlah besar simpanan yang boleh diakses oleh mereka selepas bersara. Akibatnya, mereka cenderung untuk melabur secara cuba-jaya dan mengikuti nasihat daripada rakan dan keluarga – di mana ramai yang dibelenggu dengan pelaburan yang gagal.
Terlalu Yakin Tentang Celik Kewangan
Walaupun rakyat Malaysia pada umumnya tidak mempunyai simpanan yang cukup dan tidak bersedia untuk bersara, penemuan ICMR juga menunjukkan bahawa mereka terlalu yakin dengan tahap pengetahuan kewangan mereka. Hanya 39% daripada responden mendapat markah 80% – 100% dalam ujian celik kewangan mudah yang disediakan oleh ICMR – tetapi 67% daripada responden mendakwa sangat yakin dengan keupayaan kewangan mereka.
Topik seperti faedah kompaun, inflasi, risiko dan pulangan, kos peminjaman dan kepelbagaian, dianggap sebagai yang paling asas untuk menguji pemahaman responden tentang beberapa konsep kewangan utama. Walau bagaimanapun, adalah membimbangkan untuk melihat 59% daripada responden yang mendapat markah lebih rendah daripada 80% (kurang daripada 4 soalan betul) berasa sangat yakin tentang keupayaan kewangan mereka.
Kesan terlalu yakin dapat diperhatikan apabila keyakinan subjektif individu terhadap keupayaan mereka sendiri lebih besar daripada prestasi objektif (sebenar). Keyakinan yang berlebihan telah dikaitkan dengan pelbagai isu. Secara umumnya, dalam kalangan pelabur, sikap terlalu yakin telah dikaitkan dengan pengambilan risiko yang berlebihan dan berkemungkinan besar menyebabkan mereka membuat keputusan kewangan yang salah.
Keyakinan berlebihan juga mempunyai kaitan dengan kecenderungan optimisme seseorang semasa membuat keputusan pelaburan atau kewangan yang lebih luas. Bias optimisme merujuk kepada kecenderungan orang ramai untuk menilai terlalu tinggi kebarangkalian kejadian positif dan merendah-rendahkan kebarangkalian kejadian negatif yang boleh berlaku kepada mereka pada masa hadapan. Pemikiran seperti ini adalah berbahaya dan sering menyebabkan pelabur membuat keputusan kewangan yang melulu.
Keterdedahan Pelabur Adalah Pelbagai
Membuat keputusan kewangan yang baik bukanlah tugas yang mudah bagi kebanyakan orang. Mereka perlu mengatasi kecenderungan berat sebelah dan mempertimbangkan kepuasan keuntungan jangka masa pendek terhadap perkara yang bermanfaat untuk jangka masa panjang. Cabaran untuk membuat keputusan kewangan yang baik menjadi lebih sukar apabila faktor seperti tekanan kewangan menghalang seseorang daripada membuat keputusan yang optimum dengan fikiran yang waras.
Namun begitu, kajian ICMR menyerlahkan bahawa ‘jenis’ kelemahan yang berbeza kerap bertindih dan berkait rapat – bermakna kesukaran kewangan tidak selalunya mudah untuk dikaitkan dengan satu ‘punca’ tertentu. Nantikan artikel kami seterusnya di mana kami meneroka bagaimana keadaan situasi dan isu berkaitan industri juga boleh menyebabkan kelemahan baru bagi pelabur Malaysia.
Artikel ini adalah sebahagian daripada siri kandungan oleh Institute for Capital Market Research (ICMR). Ikuti laman Facebook ICMR untuk mendapatkan info terkini tentang petua tingkah laku dan pandangan, untuk tabiat pelaburan yang lebih baik. Untuk mengetahui lebih lanjut mengenai kajian ICMR ke atas milenial dan Gen Z, layari www.icmr.my atau muat turun laporan penuh di sini.
