Inovatif

Blog

  • Patterns And Types Of Cybercrime In Malaysia From 2016 To 2021: Part 1

    Patterns And Types Of Cybercrime In Malaysia From 2016 To 2021: Part 1

    Every day we are often presented with various cases of online fraud. As technology progresses, which is getting increasingly advanced, the techniques and methods scammers use to trap victims also keep evolving. Every day there are always some cases of online fraud involving the public.

    Data from the Bukit Aman Criminal Investigation Department (JSJK) reported that are for commercial crime and cybercrime cases, according to the number of investigation papers, show an alarming trend.

    Cybercrime can be defined as an act of harming someone’s finance and security. This kind of crime is conducted using computers and internet networks. Examples of cybercrime include computer fraud, financial scams, financial crimes, and advertisement fraud. This type of crime has happened frequently in Malaysia lately and was the focus of this Part 1.

    The number of investigation papers showed a significant increase from 12,798 cases in 2016 to 18,435 cases in 2021, with an increase of 5,637 over the six years. The year 2018 recorded the fewest cybercrime cases, with 10,753 cases. On average, 13,790 cases occurred annually from 2016 to 2021.

    It will be alarming as it is feared that more innocent Malaysians will become victims because of the actions of some irresponsible individuals that exploit the naivety of the victims that are not updated with the trends of online scam activities.  

    Meanwhile, commercial crime or known as a white-collar crime. This type of crime is committed in professional settings like government and business. Examples of white-collar crime include embezzlement, financial crime, copyright infringement, and others.

    On the other hand, commercial crime recorded almost twice the number of cybercrimes from 2016 until 2021. We can assume that commercial crime was more severe than cybercrime in Malaysia. On average, 29,589 cases of commercial crime happened in Malaysia yearly from 2016 until 2021, higher than on average 13,790 cases of cybercrime in the same period.

    The year 2016 recorded the highest year of commercial crime cases, with 32,948, while 25,594 cases in 2918 for the lowest number of cases recorded. 

    Source: Commercial Crime Investigation Section (CCIS), March 2022

    In terms of total losses due to cybercrime, there was an increase of RM239,531,609 in 2016, followed by RM266,957,862 in 2017, RM398,617,147 in 2018, declining to RM497,926 in 2019, rising sharply to RM413,653,962 in 2020 and slightly decreasing in 2021 with RM403, 825,846.71. On average, RM287,180.726 money losses due to cybercrime in Malaysia.

    While on the other hand, the losses caused by commercial crime were more alarming compared to cybercrime, with the highest losses recorded in 2018 at RM23,927,045,190. The lowest losses were in the year 2016, with RM2,026,874,111.

    On average, during the six years from 2016 until 2021, Malaysia suffered an average loss of around RM2 billion per year due to commercial crime.   

    Source: Commercial Crime Investigation Section (CCIS), March 2022

    E-commerce and telecommunication fraud syndicates are among the two highest types of cybercrime reported according to investigation papers and modus operandi from 2016 to 2021. E-commerce fraud recorded 6,448 cases in 2016, slightly down the following year with 5,959. It continued to plunge to 3,326 cases and remained stagnant at 3,519.

    However, in 2020, 5,995 cases of e-commerce fraud were reported in Malaysia and continued to increase to 9,575 cases in 2021. While for telecommunication fraud syndicates, the number of cases recorded annually is not as alarming as e-commerce fraud syndicates, with 1,987 cases in 2016, 4,177 in 2017, 4,963 cases in 2018, 5,750 cases in 2019, 5,995 cases in 2020 and rising to 6,300 cases in 2021.

    The cybercrime that recorded the lowest cases was intellectual property fraud involving (CD/VCD/DVD), pornographic material fraud syndicate and fraud 233, Communications and Multimedia Act (CMA).

    *The Malay Version of this article is currently under review at e-Jendela Dewan Ekonomi, Dewan Bahasa dan Pustaka, June 2023. Researchers also would like to thank the Criminal Investigation Department (JSJK), Bukit Aman, for providing this data to the authors.

    About the Author

    Rashid Ating. Researcher in the Department of Economics, Faculty of Business and Economics, Universiti Malaya and Institute of Advanced Studies (IAS), Universiti Malaya (UM). 

  • M+ Global App By Malacca Securities Paves The Way For Investors To Succeed In Global Markets

    M+ Global App By Malacca Securities Paves The Way For Investors To Succeed In Global Markets

    Malacca Securities Sdn Bhd announced the launch of M+ Global, a one-stop, all-in-one global trading platform for all traders, with access to a diverse range of international investment opportunities, starting with two of the world’s largest global stock markets – the United States and Hong Kong.

    M+ Global is a revolutionary digital trading platform which empowers Malaysians to navigate the dynamic global market, seize opportunities, and take control of their financial future. Through a single account, users can access over 7,000 stock listings in the United States, 3,000 in Hong Kong and unlimited tradeable derivatives, including warrants, ETFs, CBBCs and REITs. This unparalleled access to foreign exchanges allows Malaysians to invest in major corporations such as Apple, Tesla, Alibaba, Tencent, and many more.

    Lim Chia Wei, Managing Director of Malacca Securities Sdn Bhd, said, “We’re excited to take Malaysians on a journey to win the world with M+ Global. By offering access to the United States and Hong Kong markets, Malaysians now have greater investment opportunities in some of the largest and most successful companies across various sectors and industries globally.”

    M+ Global is the first digital trading platform in Malaysia which offers basic real-time data in partnership with the National Association of Securities Automated Quotations (NASDAQ). This leading global technology company provides trading, exchange technology and information services to the world’s financial markets. Through this partnership, Malaysians will now have access to Real-Time-Quotes (RTQs), which will boost their investment experience and help them make better-informed investment decisions with access to the actual price of a security in real-time.

    In addition, M+ Global is the only digital trading platform in Malaysia which offers a Shariah Screening feature for global stocks, allowing Malaysians to identify Shariah-friendly stocks efficiently and accurately on a global scale. This unique feature on the platform was offered to Malaysians through a partnership with IdealRatings Inc, a global leader in providing Islamic finance solutions. With just a few taps, modern-day investors seeking to invest according to Islamic principles can now swiftly identify and gain instant access to a comprehensive selection of Shariah-compliant stocks.

    Chuck Lim, Head of Business of Malacca Securities Sdn Bhd, said, “We believe in empowering our users with the tools and insights they need to succeed. We’re thrilled to offer our users a seamless platform that combines cutting-edge technology and real-time market intelligence. With M+ Global, traders can easily and confidently navigate the complexities of global investments, unlocking endless possibilities for growth and success at their fingertips.”

    The M+ Global is a seamless and intelligent platform integrated with 24/7 stock-mover monitoring and real-time news, providing users exclusive access to timely global financial information to stay up-to-date on important market-moving events and make more informed investment decisions. Users can personalise their watchlist news, customise their alerts and get instant updates on top trending news from front-line financial news sources such as Benzinga, MT Newswire and many more.

    With over two hundred licensed dealer representatives with foreign trade insights, Malaysians can leverage their expertise and diversify their portfolios through global investment for both Shariah-compliant and non-Shariah stocks in the United States and Hong Kong markets at a competitive price.

    M+ Global offers a first-of-its-kind customer support experience with 24-hour multi-channel customer support service on in-app live chat, WhatsApp, hotline, email and live stream.

    “Our rich sixty-year history as an award-winning homegrown stockbroking company places us at the forefront of stock market innovation. Building on the success of M+ Online in 2012, we are committed to staying ahead of the curve to provide a first-class digital experience to enhance the investment experience for our valued customers. We’re paving the way for a new era of wealth-building with Malaysians, starting with the launch of M+ Global,” said Lim Chia Wei during the launch of M+ Global.

    “ As a hybrid broker with sixty years of experience, M+ Global was created to stand out in the market through the seamless integration of cutting-edge technology and personalised human expertise. Our powerful global trading platform provides easy access to a wide range of investment opportunities across global markets. However, we understand that technology alone is not enough, which is why our team of two hundred licensed dealer representatives bring their industry knowledge to provide a comprehensive and personalised trading experience,” added Lim Chia Wei.

    Malacca Securities Sdn Bhd, the creator of M+ Global, is committed to continuously improving and advancing the platform to provide Malaysians with an intelligent and accessible gateway to the global marketplace. Users can expect more upcoming features such as initial public offering (IPO), conditional order, US fractional shares and options trading, which will be rolled out soon to the public in stages.

    To celebrate the launch, M+ Global is hitting the town with free shares under its “Unbox Mystery Stock” campaign! Starting from 15th May 2023, new users who register for an M+ Global account will receive one (1) unboxing chance to get one (1) free stock randomly (Apple, Tesla, Google, Shell, Coca-Cola, Manchester United, Krispy Kreme or Snapchat) when they deposit a minimum of RM1,000 into their account for the first time. Additionally, they can also access thirty days (30) of free live quotes to the United States and Hong Kong markets.

    For more information and updates about M+ Global, log on to https://global.mplusonline.com/. To learn more about the “Unbox Mystery Stock” campaign, visit: https://m.global.mplusonline.com/activitiesr/mystery-box?activityId=14&_scnl=WSI2. M+ Global is available for download on the Apple App Store, Google Play and Huawei App Gallery.  Alternatively, you can sign up for an M+ Global account here: https://m.global.mplusonline.com/kh/status/entry/transit?lang=en_US&_scnl=WSI2.

    About Malacca Securities Sdn. Bhd.

    Malacca Securities Sdn. Bhd. is an award-winning homegrown stockbroking company with 60 years of experience providing investment solutions for retail investors and corporate organisations. Malacca Securities is listed as a participating organisation under Bursa Malaysia and licensed by the Securities Commission Malaysia. Malacca Securities remained a pioneer in the industry after surviving several world crises through innovations to make stockbroking more accessible to Malaysians. Malacca Securities is committed to revolutionising the financial landscape through technology and innovation, starting with the launch of M+ Online in 2012 to boost investors’ trading journey in the local scene. With its 60th anniversary in 2023, Malacca Securities launched M+ Global, a one-stop global trading platform with real-time market data, news and alerts to help Malaysians make better-informed trading decisions to navigate the global market confidently.

    About M+ Global

    M+ Global is a one-stop, all-in-one global trading platform created by Malacca Securities Sdn. Bhd., an award-winning homegrown stockbroking company with 60 years of expertise in building wealth together with Malaysians. Malaysians can trade globally with M+ Global, starting with two of the world’s largest and most important global markets – the United States and Hong Kong. M+ Global is Malaysia’s first digital trading platform that offers NASDAQ basic real-time data. M+ Global is the only trading platform offering Shariah Screening for global stocks. As a one-stop, all-in-one global trading platform for all traders, M+ Global is equipped with all the professional tools, news and customisable alerts to enhance Malaysians’ trading experience on a global scale seamlessly. 

  • Bintang Capital Partners Becomes First Southeast Asian Private Equity Firm To Earn B Corp Certification

    Bintang Capital Partners Becomes First Southeast Asian Private Equity Firm To Earn B Corp Certification

    Bintang Capital Partners Berhad (“Bintang” or the “Firm”) proudly announces its achievement of becoming a Certified B Corporation (“B Corp”), making it the first private equity firm in Southeast Asia to earn this prestigious recognition.

    Administered by the renowned global non-profit B Lab, the B Corp Certification recognises businesses that meet high standards of verified performance, accountability and transparency on factors ranging from employee benefits and charitable giving, to supply chain practices and using responsible input materials.

    By joining the community of 6,800 existing B Corps operating in 161 industries across 90 countries, Bintang is embracing a common objective of harnessing business as a force for good.

    Johan Rozali-Wathooth, Founder and Chief Executive Officer of Bintang

    Founder and Chief Executive Officer of Bintang, Johan Rozali-Wathooth, shares the reasons behind Bintang’s motivations in pursuing B Corp Certification, stating, “It has always been my dream to establish a private equity firm that integrates purpose with considerations for people, planet, and profit. During the early stages of the COVID pandemic, I had time to think about how companies all over the world achieved this goal. The narratives surrounding the B Corp movement inspired and convinced me that this is the way forward for Bintang.”

    Bintang has integrated core values of the B Corp belief system into every facet of its business operations and investment processes. This certification represents a significant leap forward in the firm’s relatively short history, propelling Bintang towards becoming a leading impact investor in the Southeast Asian region, driven by the firm’s core “Triple I” philosophy of “Investing in Impact and Innovation.”

    Johan further explains, “This achievement not only demonstrates our commitment to responsible business practices but also serves as an inspiration for our Partner Companies. We aspire to guide and support them on their quests to become Certified B Corps. Additionally, given the under-representation of Southeast Asian companies amongst the global B Corp community, we have a further dream to create at least 150 new B Corps in the ASEAN region within our portfolio of companies by 2050.”

    Tan Ee Beng, Director at B Market Builder Southeast Asia (the Southeast Asian chapter of the global B Lab Network) shares that, “Bintang Capital Partners has long been a leader and evangelist of ‘Business as a force for Good’ as demonstrated in their organisation’s core values and purpose. This is aligned with our collective mission at B Lab Network globally to transform our current economic system to be more inclusive, equitable and regenerative. I applaud the Bintang team for their perseverance, commitment and leadership in making their dream of becoming a Certified B Corp a reality.”

    To earn its certification, Bintang completed the comprehensive B Impact Assessment, evaluating the firm’s practices and performance across five impact areas: workers, communities, customers, governance, and the environment. This process involved rigorous assessments and verifications, engaging every member of the firm, and spanning approximately one year.

    As part of the certification process, Bintang amended its Constitution to embrace stakeholder governance. This commitment ensures the firm’s accountability extends to all stakeholders, including workers, communities, customers, suppliers, and the environment – not only its shareholders. Bintang’s comprehensive Responsible and Sustainable Investment Policy further reinforces the incorporation of environmental, social, governance (ESG) as well as impact considerations into all aspects of its business operations, including the investment process.

    Johan added, “Bintang Capital Partners’ B Corp Certification demonstrates its unwavering dedication to responsible business practices and its commitment to making a positive impact. The firm looks forward to continuing its journey as a leader in sustainable investing, inspiring others in the region and beyond”.

    About Bintang

    Founded in 2018, Bintang is a private equity firm headquartered in Kuala Lumpur, Malaysia. Bintang benefits from a parentage that includes leading independent Malaysian asset management group, AHAM Asset Management Berhad as well as leading global investment managers such as CVC Capital Partners and Nikko Asset Management.

    Bintang focuses on deploying capital into fast-growing mid-sized ASEAN companies with proven track records: based on Bintang’s Triple-I Strategy (“Investing in Impact & Innovation”) the Firm backs visionary entrepreneurs who are aligned to Bintang’s twin core investment philosophies of Innovation and Impact.

    Bintang is a signatory to the United Nations Principles for Responsible Investment (“UN PRI”). The Firm is also the first Malaysian signatory to the Operating Principles for Impact Management (“the Impact Principles”), an initiative whose development was led by the International Finance Corporation (“IFC”), a member of the World Bank Group.

    On the 21st of May, 2023, Bintang became a B Corp, the first private equity firm in Southeast Asia to earn this prestigious recognition. Bintang has an aspiration to create 150 B Corp portfolio companies by 2050 (“150 by ‘50”).

    The Firm’s maiden fund, BCP Asia Fund I (“BCPAF I”) is anchored by Dana Penjana Nasional, an investment fund under the Malaysian Government’s Ministry of Finance aimed at catalysing the country’s post Covid-19 economic recovery whilst supporting the local private capital industry.

    BCPAF I invests in high performance and high innovation companies who are well-placed to meet the challenges, opportunities and disruption brought about by rapid advancements in technology. The fund focuses on investments in companies who are committed towards delivering impact from environmental, community, employee, customer and governance perspectives.

    Recent investments by the firm include Involve Asia, a technology company that operates a performance-based marketing platform; My Care Concierge, a multi-award-winning provider of elderly care solutions; and iHandal, an industry leader in the energy efficiency solutions innovation space.

    Further information about Bintang is available at www.bintangcapitalpartners.com.

    About B Lab

    B Lab is the non-profit network transforming the global economy to benefit all people, communities and the planet.

    By harnessing the power of business, B Lab positively impacts companies around the world, helping them balance profit with purpose. Together, B Lab and the B Corp Community are shifting the global economy from a system that profits few to one that benefits all: advancing a new model that moves from concentrating wealth and power to ensuring equity, from extraction to generation, and from prioritizing individualism to embracing interdependence.

    Further information about B Lab and the B Corp Certification is available at About B Lab (bcorporation.net).

  • SC Takes Enforcement Action Against Huobi Global For Illegally Operating DAX In Malaysia

    SC Takes Enforcement Action Against Huobi Global For Illegally Operating DAX In Malaysia

    The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for operating a digital asset exchange (DAX) in Malaysia without registration.

    Accordingly, the SC has issued a public reprimand against Huobi Global Limited, and Leon Li for operating illegally in Malaysia.

    In addition, the SC has ordered Huobi Global Limited to stop its operations in the country, including to disable its website and mobile application on several platforms such as Apple Store, Google Play and any other digital application platform.

    Huobi Global Limited has also been directed to cease circulating, publishing or sending any advertisements, whether in email or on social media platforms, to Malaysian investors. 

    Leon Li, as the CEO, has also been specifically ordered to ensure that the above directives are carried out.

    This decision comes after concerns about the platform’s compliance with local regulatory requirements and protecting investors’ interests. The SC views this breach seriously, as operating a DAX without obtaining the SC’s registration as a Recognised Market Operator (RMO) is an offence under Section 7(1) of the Capital Markets and Services Act 2007.

    The SC urges Malaysian investors who have been using Huobi Global Limited to immediately cease trading through its platform, withdraw all their investments, and close their accounts.

    Investors are strongly advised to invest and deal with RMOs that are registered with the SC. Registered RMOs have undergone strict regulatory scrutiny and are required to adhere to strict guidelines so that investors are protected under Malaysia’s securities laws. Those who invest with unlicensed or unregistered entities or individuals are exposed to risks such as fraud and may not be protected under Malaysian securities laws.

    Investors should exercise caution when choosing investment platforms and to always do their due diligence before making any investment decisions. Additionally, investors should be wary of investment schemes that promise high returns with little risk, as they may be too good to be true. By taking these precautions, investors can safeguard their investments and avoid falling victim to fraudulent schemes.

  • Siri Penyelidikan ICMR: Milenial Dan Gen Z Mesti Merancang Awal Untuk Persaraan Yang Lebih Baik Dalam Dunia Pekerjaan Yang Berubah

    Siri Penyelidikan ICMR: Milenial Dan Gen Z Mesti Merancang Awal Untuk Persaraan Yang Lebih Baik Dalam Dunia Pekerjaan Yang Berubah

    Dunia pekerjaan semakin berubah. Krisis COVID-19 telah mempercepatkan aliran struktur sedia ada dan menyebabkan organisasi memikirkan semula pelbagai aspek pekerjaan. Bagaimana pekerjaan dilakukan, di mana dan oleh siapa menjadi lebih pelbagai dan berubah-ubah. Oleh kerana sifat kerja dan cara kita menjana wang terus berubah, ini secara tidak sengaja akan memberi kesan kepada aspek kewangan peribadi yang lain juga.

    Sekiranya anda merupakan seorang anak muda Malaysia yang menabung untuk persaraan, masa depan anda mungkin kurang terjamin daripada apa yang anda fikirkan. Walaupun dekad yang akan datang bakal menyaksikan salah satu pemindahan kekayaan terbesar di antara generasi kepada golongan milenial dan Gen Z, tabiat dan tingkah laku kewangan semasa generasi muda ini, serta perubahan sifat kerja, mungkin akan menjejaskan simpanan masa depan mereka.

    Sistem Pencen Sedia Ada Tidak Akan Mencukupi

    Kajian ICMR di seluruh negara berkenaan golongan milenial dan Gen Z mendapati bahawa 70% responden menjangkakan perubahan dalam kehidupan pekerjaan mereka dalam tempoh 12 bulan akan datang. Daripada jumlah ini, 61% melihat diri mereka menukar modaliti pekerjaan, sama ada mengambil kerja sampingan atau bekerja sambilan, atau bekerja sebagai pekerja bebas atau menjadi pemilik perniagaan.

    Rajah 1: Perubahan pekerjaan yang dijangka berlaku bagi tempoh 12 bulan yang akan datang (Sumber Data: ICMR)

    Dengan bilangan mereka yang beralih daripada tanggapan tradisional tentang mempunyai satu pekerjaan sepenuh masa semakin meningkat, isu perlindungan dan kecukupan dalam sistem pencen sedia ada akan menjadi lebih parah. Kebijaksanaan persaraan lampau yang bergantung kepada rancangan persaraan tradisional mungkin berkesan untuk ibu bapa dan datuk nenek mereka, tetapi ini tidak mencukupi bagi golongan milenial dan Gen Z untuk mengharungi tahun-tahun keemasan mereka.

    Sistem pencen sedia ada di Malaysia sebahagian besarnya adalah berasaskan majikan, dengan sebahagian daripada gaji dipotong secara automatik daripada senarai gaji dan dimasukkan ke dalam simpanan persaraan. Tetapi seperti yang telah kami ketengahkan dalam laporan kami sebelum ini, pekerja gig, pekerja bebas dan pemilik perniagaan kecil tidak dilindungi oleh sistem sedia ada, dan ianya juga tidak mengambil kira pendapatan tambahan dengan tepat daripada pendapatan sampingan atau modaliti pekerjaan lain.

    “Saya selesa dengan aturan kerja bebas, dan tidak fikir saya akan kembali bekerja sepenuh masa pada masa hadapan. Tetapi saya sedang berusaha untuk membeli rumah baru-baru ini dan menghadapi kesukaran untuk mendapatkan pinjaman kerana bank tidak mengiktiraf kerja bebas, walaupun saya dibayar secara konsisten setiap bulan.”

    – Hussein, 30, perunding bebas

    Mengatasi “Present Bias” Untuk Persaraan Yang Lebih Baik

    Tanpa akses kepada pelan pencen berasaskan majikan, golongan muda Malaysia akan dibiarkan memikul tanggungjawab merancang untuk persaraan mereka sendiri. Bagaimanapun, tinjauan ICMR mendapati bahawa bilangan golongan milenial dan Gen Z yang tidak menganggap simpanan persaraan sebagai keutamaan adalah membimbangkan. Sebaliknya, mereka mengutamakan pembelian rumah, barangan mahal, dan mengaut keuntungan daripada pulangan pelaburan yang lebih tinggi.

    Ini adalah selaras dengan pencerahan daripada temu bual kualitatif kami, di mana hanya seorang responden mempunyai matlamat kewangan persaraan spesifik. Bagi semua responden lain, persaraan adalah tanggapan yang samar-samar dan jauh, atau terdapat kepercayaan bahawa “ianya akan berlaku sendiri” untuk tujuan persaraan. Ramai juga merasakan bahawa mereka mempunyai terlalu banyak komitmen dan perbelanjaan semasa untuk memikirkan tentang persaraan.

    “Present bias” membuatkan kita memihak kepada masa kini dan kurang bagi masa hadapan – lalu meningkatkan masalah seperti ketagihan, penangguhan, ketidaksabaran, kepuasan segera dan perancangan yang tidak baik (Sumber Imej: Don McMinn)

    Contoh-contoh ini menunjukkan “present bias” apabila memikirkan tentang persaraan, atau kecenderungan untuk berpuas hati dengan ganjaran semasa yang lebih kecil berbanding menunggu ganjaran masa depan yang lebih besar. Malah, kajian terdahulu menunjukkan bahawa rakyat Malaysia hanya mula merancang untuk bersara selepas umur 40 tahun, justeru terlepas peringkat pengumpulan jangka panjang yang kritikal yang boleh mengakibatkan perbezaan ketara di dalam simpanan persaraan mereka.

    “Saya kehilangan pekerjaan pada Mac 2020. Sekarang saya seorang pemandu Lalamove, dan saya membantu di bengkel rakan untuk mendapatkan pendapatan tambahan. Sukar untuk memikirkan matlamat kewangan atau membuat apa-apa rancangan jangka panjang apabila saya hanya menumpukan terhadap usaha untuk mendapatkannya dari sehari ke sehari. Saya tidak mempunyai masa atau tenaga untuk mengkaji perkara ini ataupun dana yang mencukupi.”

    – Zaim, 34, pemandu Lalamove

    Bermula Awal Untuk Mendapat Manfaat Daripada Perancangan Kitaran Hayat

    Kekurangan persaraan yang mencukupi dalam kalangan anak muda Malaysia melibatkan kedua-dua peringkat individu, dan juga di peringkat dasar negara. Kesan gabungan penuaan penduduk dan kekurangan simpanan persaraan adalah pelbagai segi dan kompleks, dengan implikasi dasar untuk pasaran buruh, produktiviti, serta institusi sosial dan keluarga.

    Golongan milenial dan Gen Z bernasib baik kerana mereka yang mempunyai jangka masa yang lebih lama. Ini membolehkan mereka untuk mendapat manfaat daripada perancangan kitaran hayat yang lebih baik berdasarkan tahap risiko mereka sendiri. Oleh itu, adalah penting bagi individu mengambil langkah pertama seawal mungkin dalam menilai keadaan kewangan keseluruhan mereka, dan membuat pelan kewangan dan pelaburan jangka panjang yang sesuai dengan keperluan dan gaya hidup mereka.

    Apa yang boleh membantu ialah memikirkan tentang simpanan persaraan sebagai pengumpulan kekayaan. Membina tabung persaraan yang besar menjadi lebih sukar di kemudian hari apabila seseorang mempunyai lebih banyak perbelanjaan, seperti keluarga dan hutang rumah. Tetapi dengan bermula awal, menabung untuk persaraan boleh menjadi sesuatu yang jauh lebih menyenangkan – dan mengujakan. Jumlah sedikit yang disimpan untuk persaraan hari ini boleh membawa perubahan yang besar di masa hadapan.

    Dengan masa menyebelahi mereka, golongan milenial dan Gen Z  boleh memanfaatkan kuasa faedah berganda dan meminimumkan kesan turun naik pasaran terhadap pelaburan mereka. Mereka juga boleh membuat keputusan yang lebih baik tentang pilihan kerjaya, pendidikan dan gaya hidup mereka, yang boleh memberi impak besar terhadap masa depan kewangan mereka.

    Lebih banyak masa wang boleh berganda dan berkembang, lebih banyak peluang untuk pendapatan tersebut menjana wang tambahan. (Sumber Imej: Ramsey Solutions)

    Mereka Semula Persaraan Untuk Masa Depan

    Memandangkan sifat kerja yang terus berevolusi di Malaysia dan di seluruh dunia, adalah penting bagi individu untuk menyedari kesannya terhadap kewangan peribadi mereka, terutamanya yang berkaitan dengan perancangan persaraan. Sementara itu, penggubal dasar juga perlu memainkan peranan mereka dalam memastikan sistem pencen semasa adalah mencukupi dan inklusif untuk semua rakyat Malaysia.

    Kesimpulannya, membina masa depan kewangan yang mampan dan terjamin untuk semua rakyat Malaysia memerlukan gabungan tindakan individu dan reformasi sistemik. Dengan mengutamakan perancangan awal dan komprehensif, serta menangani jurang dasar, kita dapat memastikan semua rakyat Malaysia berpeluang untuk bersara dengan selesa dan bermaruah.

    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.

    Mengenai Penulis

    Datin Aida Jaslina Jalaludin, Ketua Penyelidik, ICMR
    Nadhirah Ibrahim, Penganalisis Penyelidik, ICMR
  • Centre For The Fourth Industrial Revolution Malaysia To Accelerate Green Transition And Digital Transformation

    Centre For The Fourth Industrial Revolution Malaysia To Accelerate Green Transition And Digital Transformation

    The Centre for the Fourth Industrial Revolution Malaysia (Malaysia Centre for 4IR) was officially launched today by the Minister of Economy, Rafizi Ramli and the President of the World Economic Forum, Børge Brende.

    Malaysia Centre for 4IR will play a crucial role in driving the advancement of the digital economy in Malaysia, with a focus on supporting the country’s digital transformation and advancements in fast-growing sectors including green energy transition. The Centre will serve as a public-private platform, bringing together leaders from government, business, civil society, academia and other sectors to advance new partnerships and initiatives that can unlock the value of technology for Malaysia’s economy and society. The Centre is hosted by MyDIGITAL Corporation, a national initiative aimed at transforming Malaysia into a digitally-driven, high-income nation and a regional leader.

    This initiative marks a significant milestone in Malaysia’s journey towards becoming a global leader in technology governance and innovation. The Malaysia Centre for 4IR is the first Centre in the Asia-Pacific region as part of the World Economic Forum’s global Centre for 4IR Network. With this launch, Malaysia joins a community of 18 other Centres, where new and innovative approaches to technology governance, adoption and scaling are being developed and implemented at the national, regional and international levels.

    The Prime Minister of Malaysia, Anwar Ibrahim said in his pre-recorded opening speech, “Malaysia is honoured to be part of the global network of Centres for the Fourth Industrial Revolution with the first Centre for 4IR  in Southeast Asia. This is a testament to the critical value of Malaysia’s efforts to become an advanced, digitally-driven, high-income nation and a regional digital economy leader fostering innovation, entrepreneurship and collaborations between stakeholders. The Malaysia Centre for 4IR will further strengthen Malaysia’s human-centred policy towards the Fourth Industrial Revolution and contribute towards our target of entering the Top 20 in the Global Innovation Index. We are confident that a resilience-oriented approach will also improve the nation’s People’s Wellbeing Index score and enhance productivity to create inclusive, balanced, responsible and sustainable economic growth.”

    Addressing the leaders at the launch event, Børge Brende, President, World Economic Forum said: “Malaysia’s leadership in the region and commitment to driving the Fourth Industrial Revolution is commendable. Through the Centre for the Fourth Industrial Revolution Malaysia, we are excited to work together with the government, business, and civil society leaders to unlock the value of technology for the benefit of all Malaysians. This partnership will not only drive transformation but also help build a more sustainable, inclusive, and resilient future for Malaysia and the region.”

    Rafizi Ramli, Malaysia’s Minister of Economy said, “Today’s launch reflects a critical insight in Malaysia’s innovation journey: Innovation is a team sport and collaboration is essential. The economic case for innovation has become indisputable through the decades. The Malaysian Centre for 4IR shall act as a necessary impetus, starting with a dual focus of energy transition and digital transformation.”


    Following the official launch, the Centre hosted two roundtable discussions to address its thematic priorities, inviting leaders from business, government and other sectors to share their key priorities and opportunities for the energy transition and digital transformation. These insights will serve as the foundation for the Malaysia Centre for 4IR’s core initiatives, informing its strategic planning and program development.

    Fabian Bigar, CEO of MyDIGITAL said, “MyDIGITAL team is proud to be entrusted with the responsibility of making Centre for 4IR Malaysia a success in achieving its goals. Prior to this, we have been dedicating our efforts to driving quality growth in Malaysia’s digital economy guided by the Malaysia Digital Economy Blueprint and National 4IR Policy to spur Malaysia’s transformation into a high-tech nation by 2030. The establishment of the Centre for 4IR Malaysia aligns with and further fortifies our initiatives to catalyse homegrown technology development by enhancing collaborative opportunities among stakeholders to unlock value in 4IR technologies, with a focus on supporting the country’s energy transition and digital transformation.”

    From adoption to transformation to regional leadership, the Malaysia Centre for 4IR is a critical establishment that will help drive the country’s transition towards an advanced digital economy. By joining the global ecosystem of technology governance innovators and leaders, Malaysia Centre for 4IR is poised to contribute significantly to Malaysia’s economic and social development in the years to come.


    The World Economic Forum’s global Centre for 4IR network is a platform for multistakeholder collaboration, bringing together the public and private sectors to maximize technological benefits to society while minimizing the risks associated with 4IR technologies

    About MyDIGITAL Corporation

    MyDIGITAL Corporation was established on September 13, 2021, as an agency under the Ministry of Economy to drive and monitor the implementation of Malaysia Digital Economy Blueprint and the National 4IR Policy, as well as to promote the overall objectives of MyDIGITAL’s aspirations. MyDIGITAL is an initiative that symbolizes the government’s aspirations to transform Malaysia into a high-income nation that is digitally-driven and a regional leader in the digital economy. MyDIGITAL Corporation also serves as the secretariat to the National Digital Economy and 4IR Council (MED4IRN), chaired by YAB Prime Minister. MED4IRN is responsible for the leadership and policy direction of digital economy and 4IR-related policies.

  • Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels)

    Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels)

    RHB Research recently published the Top 20 Malaysia Small Cap For 2023 (20 Jewels), which marks the 19th edition that is part of a regional compendium of 80 top small-cap investment ideas from four ASEAN countries. Just as market sentiment was beginning to turn following the worst of the pandemic, as the interest rate cycle entered a matured stage, sentiment took another knock from the banking crisis in the US and Europe in the aftermath of the swift monetary policy tightening by the US Federal Reserve.

    Local investor sentiment has remained tentative in the past year as investors were drawn to other regional opportunities and asset classes. Nonetheless, investors continued to show interest in winning small-cap ideas to generate alpha for their respective portfolios – especially as valuations have also retraced. The stock selection remains paramount, and investors should focus on fundamentally strong companies that have the potential to deliver above-industry growth, as well as turnaround candidates.

    Notably, the Top 20 Malaysia Small Cap Jewels 2022 outperformed the broad market with a holding period return of 15.7%, beating the FBM KLCI’s and FBM SC’s returns of -8.5% and -5.5%.

    Without further ado, let’s look at the list of Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels) by RHB Research:

    1. Aemulus Holdings

    2. Apex Healthcare

    3. Bonia Corporation

    4. Hiap Teck Venture

    5. Kumpulan Kitacon

    6. Kronologi Asia

    7. Lee Swee Kiat Group

    8. MCE Holdings

    9. Malayan Flour Mills

    10. OM Holdings

    11. P.I.E. Industrial

    12. Scicom (MSC)

    13. SDS Group

    14. Supercomnet Technologies

    15. Thong Guan Industries

    16. Tune Protect Group

    17. Uzma

    18. Vestland

    19. VSTECS

    20. Wah Seong Corporation

    Here’s the Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels) at a glance:

    Source: RHB Research Team

    The Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels) are spread across seven sectors with an average market cap of MYR597m. The consumer and industrial products & services sectors feature prominently, making up 50% of our picks. All but four – which are ACE Market-listed – of the 20 names are in the Main Market. None of the 20 companies featured this year are within RHB Research’s existing coverage as they continue to seek new investment ideas.

    *All investors are advised to conduct their own independent research into individual stocks that are listed in the Top 20 Malaysia Small Cap Companies For 2023 (20 Jewels) before making any decision to buy or sell. Investors are also advised that past stock performance is no guarantee of its future price.

  • ICMR Research Series: Millennials And Gen Z Must Plan Early For A Better Retirement In A Changing World Of Work

    ICMR Research Series: Millennials And Gen Z Must Plan Early For A Better Retirement In A Changing World Of Work

    The world of work is changing. The COVID-19 crisis has accelerated existing structural trends and caused organizations to rethink many aspects of employment. How work gets done, where and by whom is becoming more varied and fluid. As the nature of work and how we make money continues to change, this will inadvertently impact other aspects of personal finances as well.

    If you’re a young Malaysian saving for retirement, your future might be less secure than you think. Even though the next decade will see one of the greatest transfers of intergenerational wealth to millennials and Gen Z, the current financial habits and behaviours of these young generations, as well as the changing nature of work, are poised to put their future savings in jeopardy.

    The Existing Pension System Won’t Be Enough

    ICMR’s nationwide study of millennials and Gen Z in Malaysia found that 70% of respondents anticipate changes to their work life over the next 12 months. Of this, 61% see themselves changing job modalities, be it taking up additional side hustles or part-time work, or working as a freelancer or business owner.

     Figure 1: Expected job changes in the next 12 months (Data Source: ICMR)

    As the number of people moving away from the traditional notion of a single full-time job increases, issues of coverage and adequacy within the existing pension system will become more serious. The old retirement wisdom of relying on traditional retirement plans might have worked for their parents and grandparents, but these won’t be enough to get millennials and Gen Z through their golden years.

    The existing pension system in Malaysia is largely employer-based, with a portion of salary automatically deducted from payroll and put towards retirement savings. But as we highlighted in our previous report, gig workers, freelancers, and small business owners are not covered by the existing system, and neither does it accurately capture extra income from side hustles or other job modalities.

    “I’m comfortable with freelance working arrangements, and I don’t think I’ll go back to full-time work in the future. But I’ve been looking to buy a house recently and it’s been hard to get a loan because banks don’t recognize freelance work, even though I’m getting paid consistently every month for it.”

    – Hussein, 30, freelance consultant

    Overcoming Present Bias For A Better Retirement

    Without access to employer-based pension plans, young Malaysians will be left to take on the responsibility of planning for their own retirement. However, ICMR’s survey found that a worrying number of millennials and Gen Z do not consider retirement savings as a top priority. Instead, they are prioritising to buy a house, high-priced items, and making profits from higher investment returns.

    This is in line with insights from our qualitative interviews, where only one respondent had a specific retirement financial goal in mind. For all other respondents, retirement was a vague and distant notion, or there was a belief that “things would fall into place” for retirement purposes. Many also felt they had too many present commitments and expenses to think about retirement.

    Present bias makes us favor the present and discount the future – fueling problems like addiction, procrastination, impatience, immediate gratification, and poor planning (Image Source: Don McMinn)

    These examples indicate a present bias when thinking about retirement, or the tendency to settle for a smaller present reward than to wait for a larger future reward. In fact, past research has shown that Malaysians only start planning for retirement after the age of 40, hence missing out on the critical long-term accumulation stage that could make a significant difference in their retirement savings. 

    “I lost my job in March 2020. Now I’m a Lalamove driver, and I help out at a friend’s workshop for extra income. It’s hard to think of financial goals or make any long-term plans when I’m just focused on trying to get by day-to-day. I don’t have the time or the energy to research these things, and I don’t have the funds for it.”

    – Zaim, 34, Lalamove driver

    Starting Early To Benefit From Lifecycle Planning

    The lack of retirement adequacy among young Malaysians is concerning both on an individual level, as well as on a national policy level. The combined effects of population ageing and lack of retirement savings is multifaceted and complex, with policy implications for the labour market, productivity, as well as social and family institutions.

    Fortunately, millennials and Gen Zs who have a longer time horizon can benefit from better lifecycle planning based on their own risk appetites. It is therefore crucial that individuals take the first step as early as possible in assessing their overall financial situation, and making a long-term financial and investment plan that fits their own needs and lifestyle.

    What can help is to think of retirement savings as wealth accumulation instead. Building a sizable nest egg becomes more difficult later in life as one acquires more and more expenses, such as a mortgage and a family. But by starting early, saving for retirement can be a much more pleasant – and exciting – prospect. Even a small amount saved for retirement now can make a huge difference in the future.

    With time on their side, millennials and Gen Z  can take advantage of the power of compound interest and minimize the impact of market fluctuations on their investments. They can also make informed decisions about their career choices, education, and lifestyle, all of which can have a significant impact on their financial futures.

    The more time money has to compound and grow, the more opportunity for those earnings to earn additional money. (Image Source: Ramsey Solutions)

    Redesigning Retirement For The Future

    As the nature of work continues to evolve in Malaysia and across the globe, it’s important for individuals to recognize the impact this can have on their personal finances, particularly in relation to retirement planning. Meanwhile, policymakers must also play their part in ensuring that the current pension system is adequate and inclusive for all Malaysians.

    Ultimately, building a sustainable and secure financial future for all Malaysians requires a combination of individual action and systemic reform. By prioritizing early and comprehensive planning, as well as addressing policy gaps, we can ensure that all Malaysians have the opportunity for a comfortable and dignified retirement.

    This article is part of a content series by the Institute for Capital Market Research (ICMR). Follow ICMR’s Facebook page to stay updated on behavioral tips and insights for better investing habits. To learn more about ICMR’s research on millennials and Gen Z, visit www.icmr.my or download the full report.

    About the Authors

    Datin Aida Jaslina Jalaludin, Head of Research, ICMR
    Nadhirah Ibrahim, Research Analyst, ICMR
  • Thomson Hospital Kota Damansara – First In Malaysia To Receive Australian Accreditation For Its Cancer Services

    Thomson Hospital Kota Damansara – First In Malaysia To Receive Australian Accreditation For Its Cancer Services

    Thomson Hospital Kota Damansara (THKD) has become the first hospital in Malaysia to receive accreditation for its Core and Ambulatory – Cancer Services under the Evaluation & Quality Improvement Programme (EQuIP7) from the Australian Council on Healthcare Standards (ACHS) International.

    This accreditation involves an internationally recognised evaluation process to assess and improve the quality, efficiency and effectiveness of healthcare organisations. The whole evaluation process on the hospital’s Oncology and Nuclear Medicine facility, its systems and processes were stringently managed by ACHS International’s team of experienced healthcare professionals facilitated by its licensed partner, GlobalHealth Quality and Innovation Accreditation (GHQIA). With the successful completion of audits, THKD’s cancer services proudly holds the EQuIP7 accreditation and ACHS membership for three years.

    ACHS International is the third oldest accreditation body in the world and has been at the forefront of developing healthcare standards and assisting healthcare providers to implement safe and quality healthcare in Australia and overseas for nearly 50 years.

    Nadiah Wan, Chief Executive Officer of Thomson Hospital Kota Damansara, expressed her delight in having achieved this milestone and was pleased with the team’s dedication to providing quality, compassionate cancer services to patients and customers, adding that the accreditation is a testament to the hospital’s commitment to continuous improvement and innovation. “I trust that being the first hospital in Malaysia to be conferred an accreditation for our Cancer Services will provide even greater peace of mind to our potential customers, patients, friends and family members when selecting a healthcare facility of choice for their treatment. We are committed to provide better service delivery, with improved outcomes and enhanced patient experience,” she further commented.

    Ms Nadiah Wan, Chief Executive Officer, Thomson Hospital Kota Damansara (THKD) holds the accreditation certificate representing THKD’s achievement of being the first hospital in Malaysia to receive accreditation for its Cancer Services under the Evaluation & Quality Improvement Programme (EQuIP7) from the Australian Council on Healthcare Standards (ACHS) International

    Thomson Hospital Kota Damansara is equipped with the latest and comprehensive Oncology and Nuclear Medicine facility which provides both diagnostic and therapeutic capabilities for cancer patients. Its oncology facility also proudly houses the Mediso AnyScan SPECT/CT/PET, the first Tri-modality nuclear medicine imaging equipment in the Asia Pacific region.

    “At Thomson Hospital, our promise to our patients is that we will walk with you on your road to recovery. We are confident that this accreditation by ACHS will give further assurance to our cancer patients through our cancer services. We are committed to providing our valued patients the best care throughout their cancer journey; from diagnosis to treatment and during recovery, and aim for better health outcomes through our cancer services,” said Dr. Tan Chih Kiang, Consultant Clinical Oncologist and Head of Clinical Oncology.

    Adding on, Dr. Zool Hilmi Bin Awang, Consultant Nuclear Medicine Physician and Head of Nuclear Medicine, said, “We are pleased to be one of the pioneers to offer this Mediso AnyScan SPECT/CT/PET. Thomson Hospital Kota Damansara is constantly innovating to provide the latest diagnostic and therapeutic services for their patients. Nuclear Medicine therapies such as Yittrium-90, Lutetium-177, Ac-225 and high dose I-131 Therapy are in the pipeline, while radiotherapy and radiosurgery services will be further sub-specialised into gynaecology, haematology and paediatric treatments. We also plan on collaborating with other healthcare institutions in Malaysia and other countries in making cancer therapies accessible to them.”

    Participating in accreditation processes demonstrates Thomson Hospital Kota Damansara’s commitment to a lifelong journey to attain continuous quality and safety improvements guided by rigorous international standards. ACHS International assessors are highly trained and come from healthcare organisations from Australia and around the world. The assessment process is conducted using the EQuIP Assessment Methodology which utilises a robust structure of cross-referencing, observation and information gathering.

    “Thomson Hospital Kota Damansara should be proud of this achievement and the ongoing commitment it has made to continuous quality improvement to provide safe healthcare services to its patients, staff, and community,” said Louise Cuskelly, Executive Director, ACHS International and Consulting.

    Also sharing his thoughts was Varun Panjwani, Group CEO of Global Health saying, “GHQIA partners on the quality improvement and accreditation readiness journey, selecting associates with a shared vision and dedication. We are thrilled to work with Thomson Hospital, where everyone embodies the spirit of excellence and exhibits a passion for their patients.”

    About Thomson Hospital Kota Damansara

    Established in 2008, Thomson Hospital Kota Damansara (THKD), is the flagship hospital of TMC Life Sciences Berhad (TMCLS) located in a prime alcove of Kota Damansara, Selangor. THKD is expected to grow to a 559-bedded hospital with additional specialist centres and an operating theatre as part of the Group’s expansion plan. THKD sets new standards in healthcare through comprehensive facilities and excellent service for both our local and international patients. The Hospital offers medical and surgical services from over 120 reputable specialist consultants covering more than 53 medical and surgical sub-specialties. For more information, please visit thomsonhospitals.com or follow THKD on social media platforms @thomsonhospitalKD.

  • Book Review: Motherhood

    Book Review: Motherhood

    It is rare to come across a book whose title comes in one word. Many books have titles and subtitles that are too many words.  Many such books, in the hope of crafting an exciting title to captivate readers, end up just too long.  However, there is one book on the market now of which the title is just one word, and it is powerful and sufficient.

    MOTHERHOOD is a compilation by Jermaine Li Yuen of the sharing of 72 mothers describing their experiences of what motherhood is all about. Each sharing is brief and concise with a range from 200 to 300 words which makes easy reading.

    This book is dedicated to all mothers and mothers-to-be. Jermaine believes that the real-life stories shared in this book can inspire, motivate and give hope to all mothers in their journey of motherhood.  The book is well illustrated by Alison Lim, with each write-up with a family photo of the mother and her children converted into a photo illustration format. 

    The good thing about a photo illustration compared to the actual photo image is that it would not take the attention away from the write-up’s content.  The calligraphed name of each mother at the end of the write-up is elegantly done by Gladys Yowono.

    The book’s content is as attractive as its layout, illustration, and calligraphy. The sharing of the insights of each mother comes with varied experiences. As much as there are differences in their journey of motherhood, there is also the common joy, pain, thrill, and chaos experienced by each mother.  

    Having read this book I personally understand for the first time much clearer what motherhood is all about and the sacrifice a mother has to go through to bring a newborn to this world and nurture him or her with tender loving care all the way.  This is certainly a valuable book worth reading every page.

    The review of this book would not do any justice if I do not share an extract of a two-liner from the book shared by the mothers.  It is certainly not easy to pick 5 from the 72 equally interesting ones.  So, I chose them based on the 5 criteria on being dramatic, hilarious, meaningful, touching and inspiring.   

    Dramatic

    “A journey of endless possibilities, like having your finger clipped in between the door hinge because your kid got excited and slammed the door while you were trying to grab some ointment to apply on his chest, and before you know it, you are lying on the hospital bed being dragged into the operating theatre because your finger tendon tore.”

    -Jermaine Li Yuen, Co-Founder of The Ark and Arkmosphere, Mother of 3

    Hilarious

    “Motherhood is nights of breastfeeding while your 11 months old baby boy kicks you relentlessly at your caesarean wound as you suffer quietly in pain. Motherhood is watching your husband sleep and snore next to you as you enviously wish how good it is to be a man instead.”

    – Mei Xin, Corporate Banker, Mother of 1

    Meaningful

    “Having a child is a gift from God and it is moments like this that you know somewhat God’s love and patience is with us.  I thank God daily for this gift and what my son has taught me about motherhood, patience and humility.”

    -Freda Lu, Broadcaster/Author/Emcee/Speaker, Mother of 1

    Touching

     “To me, motherhood is not about winning a popularity contest.  If I had come across as a naggy mother, it is because my love knows no bounds. I remember whenever my children had a fever, I would nurse them throughout the night till they recovered. I will do whatever it takes to ensure their safety and well-being.”

    – Juliet Bee, Marketing Director, Mother of 3

    Inspiring

    One day, a therapist told me something that changed my parenting approach.  She said, “connect instead of correct”.  Wow! Simple yet powerful.  She explained that when spending time with our children, it is better to connect by talking and listening to them about everyday stuff rather than giving instructions and correcting their behaviour (e.g., constantly saying don’t shout, don’t run, don’t touch).

    – Emelia Thiran, Artist & Art Educator, Mother of 2

    The above two liners excerpts are too short and certainly have shortchanged the value of the full write-up and likewise for the other mothers’ sharing which are not extracted here. So, my recommendation:  go get this book and read these great insights from these wonderful mothers.  

    I promise it will take you through the whole gamut of human emotions. This book is not just for mothers; in fact, everyone should read Motherhood to understand what a mother has to go through to bring all of us up and alive.

    Dr Victor SL Tan is the CEO of KL Strategic Change Consulting Group and an international change management consultant.  He is the author of 15 books, including management books and biographies. His work has been widely recognized and has recently won 2 awards from The BrandLaureate International for the company and consultant that made the most positive and productive impact for corporations. He can be contacted at 012-3903168 or by email at victorsltan@klscc.com.