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The world is filled with greedy people. Just immediately after the Madoff’s scam case of a 50-billion-dollar pyramid scheme last year, next we have the seven billion dollar fraud in Houston-based Stanford Financial Group Details: James Davis, 60, the former chief financial officer of Houston-based Stanford Financial Group, pleaded guilty to fraud and obstruction charges. He admitted that he [...] Further to earlier article on the OPR’s outlook/forecast by the economists from various banks, at the Monetary Policy Committee meeting held on 26 August 2009, Bank Negara Malaysia decided to leave the Overnight Policy Rate unchanged at 2.00 percent. Full Text(Source:Reuters): Since the MPC in July, more signs have emerged to suggest that global economic and financial conditions [...] For those professionals like accountants, It experts and others who would like to pursue or establish outsourcing business, take note of the advice from Outsourcing Malaysia chairman David Wong According to David Wong: Our local outsourcing sector could be worth more than US$5 billion (RM17.55 billion) in 10 years if local firms can win bigger deals internationally . [...] Bank Negara’s monetary policy committee holds its sixth meeting of the year today(25 August 2009). There are another two more Meetings until the end of the year. The following 21 economists surveyed in a Business Times poll: Action Economics,Affin Investment Bank, AmResearch, Bank Islam, CIMB Investment Bank, Citi, Credit Suisse, DBS Bank, HSBC Bank, Inter-Pacific Research, JPMorgan Chase [...] Recently, the KPMG’s Corporate Shareholder Value Award 2008 ceremony was officiated by Securities Commission chairman Tan Sri Zarinah Anwar. Details: KPMG noted that the average economic profit over invested capital (EP/IC) among the top 100 listed companies here rose to 15.46 per cent last year, compared with 14.35 per cent in 2007 and 13.52 per cent in 2006.((KPMG [...] |
FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach. |
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