Archive for June, 2006
Singapore: SIA Dispose of Its Namesake SIA Building
In line with the non-core business strategy, Singapore Airlines, has sold a building which is located at Robinson Road which has an SIA namesake/logo for S$343.9 million ($216 million). SIA redeveloped this building in 1997 and considered it as a non core asset. The new owner is TSO Investment which is a unit of a [...]
June 29, 2006
Posted in: Singapore 
No Comments
Dividend Payout Policy: Approach To The Dividend Decision (Part 2)
In my earlier article on the different schools of thought pertaining to the effect of dividend payout ratio, irrespective of the impact to its share price, there is a need that before we can determine an appropriate dividend policy, the company needs to embark on the following steps:
Estimating Future Residual Funds
Determine an appropriate target payout [...]
June 29, 2006
Posted in: Dividend Policy, Financial Strategy, TREASURY articles No Comments
Dividend Payout Policy: Does It Affects The Company’s Share Price? (Part 1)
In a public listed company, the spread of shareholding is wide. Because of this diversified shareholder mix, any dividend payout will disappoint at least some of the shareholders. Therefore the main question is whether a company’s choice of dividend policy can affect its share price.
To answer the question, we need to understand the different schools [...]
June 29, 2006
Tags: Dividend, Dividend policy Posted in: Dividend Policy, Financial Strategy, TREASURY articles No Comments
SOP: Treasury Function
In a medium to large organization, we normally would have a treasurer who reports to the Head of Finance or CFO
Hence, for uniformity and consistency purposes, it is important to establish a simple statement of policy on Treasury function.
The policy should basically encompass the following areas:
Banking
Petty Cash
Wire Transfer
Borrowings
Treasury Risk Management
Append below is a sample for [...]
June 29, 2006
Tags: SOP, Standard Operating Procedures Posted in: SOP, TREASURY articles No Comments
Malaysian Privatisation: UDA Holdings Bhd Proposes Scheme To Take It Private
Recently, in The Star reported that:-
“ UDA Holdings Bhd has proposed to become a private entity, with its shareholders receiving a capital repayment of RM3 per share under a proposed selective capital repayment (SCR) exercise expected to be funded by Khazanah Nasional Bhd.
UDA said in a statement yesterday the capital repayment of RM3 cash per [...]
June 28, 2006
Posted in: Malaysia No Comments
The Importance of Information Technology Controls And Security
Some of us as financial executive might be entrusted with the role of overseeing the IT department. It is therefore important to understand some pertinent points on internal control or internal checks so as to prevent or reveal computerized fraud.
Besides, reading the below article, it is advisable to read my earlier article on Checklist/SOP on [...]
June 26, 2006
Posted in: INTERNAL CONTROLS/AUDITS No Comments
DiGi Plans Second Capital Repayment
The capital repayment was reported in the NST,(6/4/06)
Mobile operator DiGi.Com Bhd plans a second capital repayment of 60 sen a share (RM450mln in total) to entitled shareholders. The proposal, pending approval, is expected to be completed by the fourth quarter 2006. When the exercise is completed, DiGi share capital will be reduced to RM75mln, significantly [...]
June 24, 2006
Posted in: EVA No Comments
