January: The art of better (Resource)
I expect to see a slew of innovations coming soon from Malaysian oil and gas companies especially in Enhanced Oil Recovery; the key opportunity lies in how well they identify their competitive edge through these innovations, says PwC Malaysia Oil & Gas Leader Tengku Muhammad Taufik.
21 January: Malaysia widens withholding tax net (The Edge Malaysia)
With the widening of the country’s withholding tax net, taxpayers should review their cross-border contractual and payment arrangements to assess whether this tax applies when making payments to non-residents, especially in relation to software, intangible property and service fees, says PwC Taxation Services Malaysia Senior Executive Director Jennifer Chang.
20 January: Managing key audit challenges (Focus Malaysia)
PwC Malaysia Assurance Leader and Partner Soo Hoo Khoon Yean reflects on the increasing need to view audit from the lens of value amidst enhanced regulatory scrutiny and other developments reshaping the profession. Nurul A'in Abdul Latif, PwC Malaysia Markets Leader and Partner, talks about encouraging more Bumiputera students to enter the accounting profession, among other talent-related issues.
18 January: Succession plan key to family business growth (The Sun)
Family businesses cannot afford to let the lack of a strategic plan limit their growth ambitions, especially those with next generation family members already in the business, says PwC Malaysia Entrepreneurial and Private Clients Leader and Senior Executive Director Fung Mei Lin.
16 January: More efforts needed to address shortage of skilled workers (Focus Malaysia)
I would personally like to see more involvement from public universities including from the Technical, Vocational Education and Training (TVET) and Diploma programmes in addressing skills shortages in the country, says PwC Malaysia People Partner and Assurance Partner Pauline Ho.
9 January: A leader for our times (The Edge)
For leaders to be trustworthy, they should be clear about what it is they stand for, and have a strong purpose and values that people within the organisation can identify with, says PwC Malaysia Executive Director Stephanie Caunter.
18 January: Succession plan key to family business growth (The Sun) Family businesses cannot afford to let the lack of a strategic plan limit their growth ambitions, especially those with next generation family members already in the business, says PwC Malaysia Entrepreneurial and Private Clients Leader and Senior Executive Director Fung Mei Lin
23 December: Moving beyond the fintech hype (Focus Malaysia)
In embracing FinTech, technology adoption needs to be done in a timely fashion, otherwise financial institutions risk becoming irrelevant, says PwC Malaysia Financial Services Leader and Assurance Partner Ong Ching Chuan.
9 December: Myriad issues with SC's cyber risk guidelines (Focus Malaysia)
To tackle cyber risks, companies should conduct regular vulnerability assessments so that immediate "stop-gap" measures can be implemented before cyber criminals exploit those vulnerabilities, says Tan Cheng Yeong, Senior Executive Director in PwC Malaysia's Risk Assurance Services practice.
5 December: PwC eschews the norm to break talent growth barrier (The Edge)
PwC's MY Growth Journey separates development and performance discussions, as this format ensures employees are not solely focused on their performance rating that ties in with their bonus, but that they're also developing and progressing as PwC Professionals, says Pauline Ho, PwC Malaysia People Partner and Assurance Partner.
29 November: Report: FinTech likely to disrupt fund transfers (The Star)
Fund transfers and payments, consumer banking as well as insurance are the three traditional financial services areas that are most likely to be disrupted by FinTech, says PwC and AICB's 'Catching the FinTech Wave: A survey on FinTech in Malaysia'.
25 November: Banks urged to be more daring to push FinTech (The Edge Markets)
Financial institutions must adopt a 'dare to fail' attitude in experimenting with innovative FinTech solutions, helping to close the culture gap between traditional financial institutions and FinTech startups, says Andrew Chan, PwC Malaysia Consulting Leader.
21 November: Only 34% of staff feel their company is supportive of work-life balance (Human Resources Online)
FlexFridays and FlexTime are initiatives that were created to enhance the work-life balance and well-being of our people, says Pauline Ho, PwC Malaysia People Partner. Sridharan Nair, PwC Malaysia Managing Partner, says that the new initiatives are part of PwC's ongoing efforts in providing its employees with the flexibility they need, without compromising efficiency, effectiveness and high quality work.
November 2016: A strong business case for being good (The Edge's Responsible Business Magazine)
Financial investors tend to exert pressure on companies to yield quarterly returns, preventing them from taking a longer-term view that allows for more sustainable ways of operating and potentially better returns, says Andrew Chan, Consulting Leader and Sustainability Leader for PwC South East Asia Consulting.
November 2016: Where does Corporate Malaysia stand on sustainability? (The Edge's Responsible Business Magazine)
People don’t manage sustainability like a business issue because they don’t see it as a tangible ‘investment’, a perspective we are trying to change with the more progressive companies, says Andrew Chan, Consulting Leader and Sustainability Leader for PwC South East Asia Consulting.
31 October: New Companies Act a game changer for corporate governance (The Edge)
The new Companies Act provides Malaysian businesses with a more favourable operating environment while promoting transparency and accountability, keeping local businesses on par with their international counterparts, says Loh Lay Choon, Assurance Partner and Head of Capital Markets and Accounting Advisory Services, PwC Malaysia.
25 October: Budget 2017 lacks focus on savings for retirees (The Malaysian Reserve)
The consolidation of similar personal tax reliefs is expected to make the claims process simpler, but would have been more satisfying had the quantum of the relief been more significant, says Hilda Liow Wun Chee, Executive Director of PwC International Assignment Services Sdn Bhd, Global Mobility Services Malaysia.
22 October: Move to boost SME timely, says PwC (The Star)
With agreements such as the Trans-Pacific Partnership Agreement (TPPA) opening up overseas markets, it is timely to focus on tax incentives on SMEs, the next growth area of the country, says Lavindran Sandragasu, Senior Executive Director of PwC Taxation Services Malaysia.
14 October: Innovation drives long-term growth (The Star)
The government should consider providing tax incentives to companies to help fund their R&D activities to encourage innovation, a driving force of economic progress, writes Jagdev Singh, PwC Malaysia Tax Leader.
14 October: Budget 2017: Balance between direct and indirect taxes (Focus Malaysia)
The government should move away from its reliance on direct taxes and consider lowering them, as this could improve the country's overall competitiveness, and help attract and retain talent, writes Benedict Francis, Senior Executive Director, PwC Taxation Services Malaysia.
13 October: Many companies falling prey to hackers who have turned thieves(The Star)
To combat cybersecurity, companies need to know where their data is located and stored, who has access to it and how it is protected; the board of directors for instance, should ask for monthly reports on cybersecurity, says Alex Tan, Senior Executive Director and Forensics Lead, PwC Consulting Associates (M) Sdn Bhd.
10 October: IFRS 9 may make loans more expensive for borrowers (The Edge Malaysia)
The implementation of IFRS 9 may have implications on banks' earnings, as banks will have to switch from using an incurred loss model to an expected credit loss (ECL) model when extending loans, says PwC Malaysia Assurance Partner Elaine Ng.
7 October: Jumping on PE train (Focus Malaysia)
Malaysia offers an interesting market for private equity funds with its large pool of SMEs, a vibrant and urban consumer class that is growing and generally transparent regulations for businesses to flourish, says Tan Siow Ming, Deals Leader for PwC Malaysia and PwC Vietnam.
3 October: Tax hikes essential to fill coffers but may be detrimental to growth (The Edge Malaysia)
At 24%, Malaysia’s corporate tax rate is comparable to other countries in the region, hence a reduction in corporate tax is unlikely in the 2017 Budget, says Lavindran Sandragasu, Senior Executive Director, PwC Taxation Services Malaysia. Raja Kumaran, Executive Director and PwC Malaysia Head of Indirect Tax, hopes to see the removal of the requirement that a business generate revenue within 12 months of registering for GST as this is a deterrent for businesses with a long gestation period to earning revenue.
24 September: No problem with shariah compliance (Focus Malaysia)
A concerted effort is needed to identify and address the concerns that prevent jurisdictions from applying International Financial Reporting Standards (IFRS) to Islamic finance, says PwC Malaysia Executive Chairman Dato’ Faiz Azmi in his capacity as Chairman of IASB's Islamic Finance Consultative Group.
8 September: Kuala Lumpur wins hearts of business investors (Advertising + Marketing magazine)
To improve KL's competitiveness rankings, public and private sectors need a concerted strategy to capitalise on KL’s strength as a city gateway into the regional and global economy, says Patrick Tay, Executive Director of Economics Advisory, PwC Malaysia.
24 August: Businesses find intangible assets as key to sustainable entity (The Malaysian Reserve)
The sustainability agenda has gained traction in Malaysia, especially since Bursa Malaysia’s update of the Sustainability Reporting Guide (SRG) as part of listing requirements for public-listed companies, says PwC Consulting Services (M) Sdn Bhd Associate Director Natasha Yap.
13 August: The myth of benign corruption (Focus Malaysia)
When economies are hurting and inflation is high, fraud and corruption in business tends to thrive, says Alex Tan, Senior Executive Director and Forensics Lead, PwC Consulting Associates (M) Sdn Bhd.
13 August: Local business unprepared for e-commerce (Focus Malaysia)
The encouraging growth in online shopping in Malaysia can be perceived as a challenge to retailers if they don’t innovate fast enough to create new value for consumers through technology and new innovations, says Scott Constance, Senior Executive Director and Retail and Consumer Consulting Leader for PwC South East Asia Consulting.
25 July: Stress tests for insurers to be on multi-year basis (The Edge Malaysia)
The recent requirement for Malaysian insurers to perform stress-testing based on multi-year scenarios reflects the nature of insurance risks which are usually long term or volatile, says PwC Malaysia Assurance Partner Angie Wong.
1 July: Online shopping in Malaysia expanding opening up doors for retailers (Marketing-Interactive)
The single most important factor which will keep retailers truly fit for the future is the ability to earn trust by delivering on what consumers want, even if it means going outside the four walls of the store to make it happen, says Scott Constance, Senior Executive Director and Retail and Consumer Consulting Leader for PwC South East Asia Consulting in relation to PwC’s Total Retail 2016 Survey findings.
27 June: Facing up to corporate corruption and crime (The Edge Malaysia)
While the tone at the top in Malaysian companies sends out a clear message that economic crimes like bribery and corruption are unacceptable, many companies do not conduct enough internal risk assessments to mitigate such fraud risks, says Alex Tan, Senior Executive Director and Forensics Lead, PwC Consulting Associates (M) Sdn Bhd.
24 June: Corruption in Malaysian firms rises in 2016 – PwC (The Edge Markets)
Bribery and corruption is on the rise in Malaysian companies. Yet 98% of the respondents of PwC’s Global Economic Crime Survey 2016 feel that their top level management are sending a clear message that they don’t condone such crimes, indicating a disconnect between the tone at the top and the reality on the ground, says Alex Tan, Senior Executive Director and Forensics Lead, PwC Consulting Associates (M) Sdn Bhd.
23 June: Businesses more corrupt, survey shows 1 in 3 Malaysians say will face bribes in next 2 years (The Malay Mail)
Malaysian organisations are not doing enough to protect themselves from the risks of economic crime, says Sridharan Nair, Managing Partner, PwC Malaysia, at the launch of PwC’s Global Economic Crime Survey 2016 (Malaysia report). Cybersecurity has also not been adequately addressed by Malaysian organisations, with more than half being unsure of whether or not they are at risk, says Alex Tan, Senior Executive Director and Forensics Lead, PwC Consulting Associates (M) Sdn Bhd.
23 June: If you make mistakes, best to admit it, says PwC (The Edge Markets)
Business leaders need to understand that they are not immune to making mistakes; owning up to their mistakes will help them engender some trust among their stakeholders, says PwC Malaysia executive chairman Dato’ Faiz Azmi at the launch of PwC’s thought leadership publication ‘Trust in business: Delivering authentic value’.
18 June: Digi’s largest market share not reflected in share price (Focus Malaysia)
The ability to clearly translate strategy into practice is key in driving investor confidence in Malaysia’s telecommunications market, especially in relation to innovation beyond the core voice business, says Michael Graham, PwC South East Asia Consulting senior executive director and telecoms and media consulting leader.
3 June: Smaller banks face fintech threats: Expert (The Sun)
Financial institutions increasingly need to have a progressive mindset, integrating FinTech, to stay competitive and relevant with the times, says Paul Francis, director, Strategy& (part of PwC South East Asia Consulting).
1 June: Authenticity is what makes trust work (The Edge Financial Daily)
Trust is dynamic and can evolve in line with the growth of a business and the landscape around it, says PwC Malaysia executive chairman Dato' Faiz Azmi, in conjunction with the launch of PwC's thought leadership publication 'Trust in business: Delivering authentic value'.
May - June: Communicating value through sustainability reporting (The Malaysian Accountant - The Malaysian Institute of Certified Public Accountants publication)
Natasha Yap, Senior Manager, PwC’s South East Asian Consulting services and Richard Bedlow, Director, PwC UK ,discuss the reporting frameworks Malaysian companies can consider in responding to Bursa Malaysia’s recent enhancement of its sustainability listing rules.
30 May: Rebuilding confidence in the audit profession (The Edge Malaysia)
Audit quality is not the sole responsibility of the Audit Oversight Board (AOB) and the auditors; all parties in the financial reporting ecosystem and regulators need to play their roles effectively to ensure that the quality of financial reporting and auditing is enhanced, says Pauline Ho, PwC Malaysia assurance leader.
18 May: Malaysia plans OECD country-by-country tax reports for 2017 (Bloomberg BNA)
Reproduced with permission from International Tax Monitor, 96 [itm-bul], 5/18/16. Copyright 2016 by The Bureau of National Affairs, Inc. (800-372-1033) (http://www.bna.com);
PwC Taxation Services Malaysia executive director Aurobindo Ponniah comments on developments relating to the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) recommendations in Malaysia.
14 May: ‘Free-for-all’ price hikes unlikely (Focus Malaysia)
We do not expect the economy to experience a “free-for-all” price increase across the board when the Price Control and Anti-Profiteering Regulations 2014 expires on 30 June 2016, says PwC Taxation Services Malaysia executive director Nicolaos Giannopoulos.
23 April: Flexibility that can sustain your career (Focus Malaysia)
PwC Malaysia tax executive director Taariq Murad and Assurance manager Shoba Ananthanarayan share how flexible work arrangements (FWA) have benefitted them in their client-facing roles.
22 April: Three strategies for firms to benefit from FTAs (Viet Nam News)
To leverage on the opportunities presented by the Trans-Pacific Partnership and other free trade agreements, Vietnam businesses should have a willingness to disrupt, innovate and spend on R&D, and embrace globalisation, said Patrick Tay, executive director, Economics advisory, PwC Malaysia, at the PwC Vietnam CEO Conference.
18 April: Malaysia needs to intensify investment in human capital (The Edge Financial Daily)
To harness the opportunities arising from ASEAN integration, Malaysian employees will need to move up the value chain by improving their critical thinking skills, being open to innovation and change, and willing to go the extra mile in their jobs to deliver value to their stakeholders and customers, says Kartina Abdul Latif, People & Organisation leader, PwC’s South East Asian Consulting services.
15 April: VN, Switzerland boost banking cooperation (VGP News)
The growing usage of internet and mobile banking in Vietnam present opportunities for Vietnamese banks to cater to these needs through innovative services, says PwC Malaysia Assurance partner William Mah at a forum themed “Vietnamese Banking Future”.
11 April: Trust me, it’s worth it (The Edge Malaysia)
There are clear benefits to measuring trust, contributing directly to your wider business goals and enhancing your resilience in this volatile environment, says PwC Malaysia assurance leader Pauline Ho.
9 April: Communicating with employees in a crisis (Focus Malaysia)
A company’s leadership needs to be swift and decisive in taking action to resolve a crisis, getting everyone on board especially the employees to collectively stand behind the company, says PwC Malaysia business recovery leader Lim San Peen.
28 March: GST 1 year on (The Edge Malaysia)
The GST approval process would be more efficient if businesses are given leeway to do self-policing and given clear guidelines for it, says PwC Taxation Services Malaysia executive director Raja Kumaran. Tim Simpson, PwC Taxation Services Malaysia managing consultant, also comments on the complexities that arise when the director-general’s decisions on certain issues are not consistent with the GST Act.
14 March: Betting your bottom dollar on trust (The Edge Malaysia)
My challenge to corporate leaders is to bet your bottom dollar on trust-building as it brings long-term financial benefits to your business, says PwC Malaysia managing partner Sridharan Nair.
7 March: Career or motherhood? Have it both (TalentCorp’s TalentMatters)
I want to be a role model to my daughters, and impress on them that you can have a career and a family at the same time, says PwC Malaysia marketing and communications lead Stephanie Caunter.
5 March: Under-subscription not a deterrent (Focus Malaysia)
During an economic slowdown, companies turn to fund-raising typically to address temporary changes in revenue or working capital requirements, says Paran Puvanesan, executive director in PwC Malaysia’s Deals practice.
22 February: Whither the Middle East banks here? (The Edge Malaysia)
Islamic banks should capitalise on their strengths to drive future growth, investing in superior customer service, a wide array of banking services and robust risk management practices, says Nik Shahrizal Sulaiman, executive director in PwC Malaysia's risk assurance services practice.
13 February: Yet another blow (Focus Malaysia)
Accounting systems where the functional currency is not set in ringgit will require changes to record transactions in its functional currency under the Malaysian Private Entities Reporting Standards (“MPERS”), says Siew Kar Wai, Assurance Senior Executive Director at PwC Malaysia.
February: Surviving a currency crisis (ACCA's Accounting & Business Malaysia)
In tackling the impact of forex fluctuations, companies should do a quick stock take of the situation and prioritise their survival through the current currency crisis, says William Mah, partner in PwC Malaysia’s risk assurance services practice.
23 January: Taking action on climate change (Focus Malaysia)
Collaboration between cities and companies is key in improving climate resilience, says Elaine Chan, manager in the Sustainability & Climate Change practice for PwC’s South East Asian Consulting services.
23 January: Growing the fintech community (Focus Malaysia)
Fintech companies in Malaysia are arguably comparable with others in the region, in terms of the ability to innovate, says Ng Wai Heng, executive director with PwC Malaysia’s technology consulting practice.
9 January: Business of building trust (Focus Malaysia)
Focus Malaysia commends PwC Malaysia for organising its inaugural Building Trust Awards, which recognises Malaysian public-listed companies that are making strides toward building trust.
9 January: Fathers and the stigma of work flexibility (Focus Malaysia)
PwC Malaysia Corporate Responsibility senior manager Florence Tan shares about PwC’s flexible work arrangements (FWA) and how it has evolved over the years. Andrew Chan, PwC Malaysia partner and sustainability leader for PwC’s South East Asian Consulting services shares how he has benefitted from the FWA, when he opted for a year’s sabbatical to follow his family abroad while his wife pursued her MBA.
January: Making the case for IR (ACCA’s Accounting & Business Malaysia)
It is important that Malaysian companies look at Integrated Reporting beyond just a mere corporate reporting exercise, says PwC Malaysia assurance leader Pauline Ho in an exclusive interview on Integrated Reporting developments in Malaysia.
15 December: Being on the winning side of the equation (PwC’s Growth Markets Centre)
This blogpost recommends three operational strategies Oil & Gas companies can use to optimise costs in a low oil price environment. It is authored by Scott Constance, Operations Consulting Leader, PwC’s South East Asian Consulting services and Arvind Sabharwal, Manager, PwC’s South East Asian Consulting services.
3 December: Maybank clinches top spot at PwC's Building Trust Awards (The Edge Financial Daily)
Most Malaysian organisations assume that trust is an intangible concept that is hard to measure, but via PwC's Building Trust Awards methodology and research, we are able to demonstrate that trust is measurable and can be a real asset to business, says PwC Malaysia managing partner Sridharan Nair.
30 November: On the right track? (The Edge Malaysia)
Scott Constance, Operations Consulting Leader with PwC’s South East Asian Consulting Services recommends three operational strategies for Oil & Gas companies to move faster and farther down the right track of cost optimisation in the current low oil price environment.
23 November: Bridging the trust gap (The Edge Malaysia)
The 10 finalists and winners of PwC Malaysia’s inaugural Building Trust Awards will be unveiled at an awards ceremony on 30 November 2015. The Building Trust Awards recognises Malaysian public-listed companies that inspire trust as measured through excellence in corporate reporting and the companies’ public perception according to investors and customers, says PwC Malaysia managing partner Sridharan Nair.
21 November: Measuring up maternity leave (Focus Malaysia)
As long as there is trust, performance and delivery matter more than being physically present in the office, comments Pauline Ho, PwC Malaysia’s first female assurance leader, on flexible working arrangements.
November: Rocky path for LLP rollout (ACCA’s Accounting & Business Malaysia)
There are a number of practical considerations to be made for accounting firms keen to register as Limited Liability Partnerships (LLPs) including licensing, costs involved in operating as an LLP, client perception and education, says PwC Taxation Services Malaysia executive director Pauline Lum.
November: A clear view into audit (ACCA Accounting & Business Malaysia)
There will be increased interest in audited accounts once the Key Audit Matters (KAMs) become a feature of the auditor’s report, says PwC Malaysia assurance leader Pauline Ho.
26 October: Services sector to drive economy (The Malaysian Reserve)
More can be done for the services sector especially incentives for innovation and green technology development, says PwC Taxation Services Malaysia senior executive director Steve Chia in relation to the Budget 2016 announcement.
20 October: Tax relief to lighten middle-income group’s burden (The Edge Financial Daily)
PwC Taxation Services Malaysia senior executive director Steve Chia shares his Budget 2016 wish list, recommending incentives for individuals and businesses in relation to the rising cost of living and the introduction of GST.
19 October: Sustainability reporting a boost for investor confidence (The Edge Financial Daily)
At a roundtable discussion with the winners of the ACCA Malaysia Sustainability Reporting Awards (MaSRA ) 2014, Andrew Chan, Sustainability Leader for PwC’s South East Asian Consulting Services comments on the FTSE4Good Bursa Malaysia (F4GBM) Index which helps companies recognise value in today’s age of intangible assets. PwC Malaysia won the Commendation Award for Reporting on Diversity & Inclusion.
19 October: BEPS: Why Malaysian corporates should care (The Edge Malaysia)
The Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Development (OECD) introduces some of the most comprehensive reforms of international taxation ever undertaken. These present significant implications for Malaysian multinational companies, says PwC Taxation Services Malaysia executive director Aurobindo Ponniah.
17 October: Principal hub plan needs more incentives (Focus Malaysia)
It is hoped that the Principal Hub incentive will serve as the catalyst for growth in the services sector as a means to propel Malaysia to developed nation status by 2020, says PwC Taxation Services Malaysia consultant Lee Boon Siew.
13 October: PwC to recognise public-listed companies that inspire trust among stakeholders (The Edge Financial Daily)
PwC Malaysia is organising the Building Trust Awards at a time when trust in institutions and corporates globally is at an all-time low, says Sridharan Nair, PwC Malaysia managing partner. The private sector needs to take the lead in promoting a meaningful dialogue on trust in the journey towards inspiring reform among businesses, says Sir David Tweedie, Chief Judge for the Awards and past chairman of the International Accounting Standards Board.
12 October: Building trust through authenticity (The Edge Malaysia)
For many stakeholders, the annual report is their main window into the organisation. Hence, it is important for companies to approach corporate reporting beyond just a compliance mindset, aiming to build trust through authenticity in their reporting, says PwC Malaysia executive director Richard Bedlow.
October: Penang gives the green light (ACCA Accounting & Business Malaysia)
PwC Malaysia partner Lim Huck Khiam comments on Penang as a growing hub for shared services and outsourcing (SSO).
28 September: Winning with culture (The Edge Malaysia)
Organisations will be better placed to respond to changes in the marketplace when culture is put right at the top of a business’ strategic priorities, says Shona Especkerman, senior manager in the People & Organisation practice of Strategy&, which is part of PwC South East Asia Consulting.
18 September: No hiring lull despite gloomy economy(Focus Malaysia)
We will continue to hire despite the current economic slowdown as graduate recruitment and development is an integral part of our talent pipeline, says PwC Malaysia head of resourcing Mona Abu Bakar.
8 September: PwC: More analytical views in annual report benefits investors (The Edge Daily)
The integrated report can be a very compelling stakeholder engagement tool, especially in the extraordinary times we are operating in, says PwC Malaysia executive chairman Dato’ Mohammad Faiz Azmi. At the speed at which our landscape is evolving, we need more insights, rather than just information in the annual report to support investor analysis, says PwC Malaysia assurance leader Pauline Ho.
September: 2020 vision (ACCA Accounting & Business Malaysia)
PwC Malaysia executive director of economics advisory Patrick Tay comments on the 11th Malaysia Plan and its emphasis on productivity, which is necessary as part of efforts to provide a more enabling, business-friendly environment.
17 August: Hedging: A question of appetite (The Edge Weekly)
In this article, William Mah, partner with PwC Malaysia's risk assurance services practice explores the implications of hedging in a volatile financial climate.
3 August: Reforming food safety: Whose responsibility is it? (The Edge Weekly)
In this article, Josephine Phan, senior executive director with PwC Malaysia's risk assurance services practice explores the need for reforms in the food safety business, in response to demands for transparency and assurance from consumers.
13 July: CEOs get social but first, some ground rules (The Edge Malaysia)
Dominic Chegne, executive director with PwC Malaysia's risk assurance services practice provides the business case for a social media governance strategy as a vital step in managing risks and minimising the implications of social media blunders.
10 July: My Journey - Pauline Lum (Focus Malaysia)
PwC Malaysia Tax Executive Director Pauline Lum discusses her hobbies, interests and what she loves most about her job in tax.
29 June: Resilience: Thriving in disruptive times (The Edge Malaysia)
There are opportunities for companies to thrive in disruptive times, by managing risks wisely in the new digitally-led economy, says PwC Malaysia partner and risk assurance services leader Soo Hoo Khoon Yean.
9 June: Special oil and gas report on Malaysia (2015) (Focus Reports)
PwC's South East Asia Consulting services (Oil and Gas practice) executive director Matthew McKee discusses current trends in Malaysia‘s energy industry, commenting on the country’s ambition to be the region’s oil and gas hub, as well as elaborating on why PwC is the go-to partner for oil and gas in Malaysia.
5 May: PwC: O&G to see large M&As over 12 to 18 months (The Edge Financial Daily)
We expect to see a significant increase in mergers and acquisitions in the oil and gas sector this year and the next “driven by the fact that scale brings efficiency”, says PwC Australia partner and Oil & Gas specialist Brian Cooke. However, given the current oil price level, many local industry players have taken a more cautious outlook in the medium term, says PwC Malaysia partner and Oil & Gas leader Nurul A’in Abdul Latif.
1 May: Grey boomers not quitting (Focus Malaysia)
In this article, PwC Taxation Services Malaysia senior executive director Khoo Chuan Keat discusses the importance of supporting an ageing workforce as they approach retirement age.
24 April: Paid to do good deeds (Focus Malaysia)
PwC's Community Outreach Programme (COP), which enables staff to volunteer at charity homes, is a well-loved programme at PwC, says PwC Malaysia corporate responsibility senior manager Florence Tan.
24 April: The wired GENERATION (Focus Malaysia)
PwC Malaysia assurance and human capital partner Patrick Ng, in a panel discussion on the Gen Z, provides some pearls of wisdom for parents raising the Gen Z.
20 April: Greater scrutiny by auditors on the cards (The Edge Financial Daily)
The new and amended auditing standards to be introduced by the International Auditing and Assurance Standards Board (IAASB) will make the audit report more informative and insightful, says PwC Malaysia assurance leader Pauline Ho.
March/April: Getting talent mobility right (Accountants Today)
Mobility programmes have become a necessity for organisations wanting to attract, develop and retain their talent in the current competitive talent landscape, says PwC's South East Asian Consulting Services executive director Anil Shivadas. There are opportunities for organisations like PwC to tap on mobile talent to achieve "talent on demand" and to cope with the business' varying requirements in a cost-effective manner, says PwC Malaysia head of recruitment Mona Abu Bakar.
30 March: A complex tax (The Edge Malaysia – Special report on GST)
In this special GST feature, PwC Taxation Services Malaysia executive directors Hanita Ahmad and Raja Kumaran, and senior consultant Tim Simpson explain the complexities of the GST regime arising from the different tax treatments as well as the manner in which the tariff classifications are used.
30 March: GST in the financial sector (The Edge Malaysia – Special report on GST)
In this special GST feature, PwC Taxation Services Malaysia executive directors Raja Kumaran and Hanita Ahmad comment on the banking sector’s GST-readiness. Chartered Tax Institute of Malaysia President and senior executive director of PwC Taxation Services Malaysia SM Thanneermalai also comments on the tax treatments for this sector.
30 March: Big boys ready, but not the smaller businesses (The Edge Malaysia – Special report on GST)
In this special GST feature, PwC Taxation Services Malaysia executive director Raja Kumaran highlights some of the complexities related to GST compliance such as the administrative requirements and the usage of tariff classifications for zero rated supplies.
30 March: Complying with the Anti-Profiteering Act (The Edge Malaysia – Special report on GST)
The Anti-Profiteering Act is a good move, helping to curb inflation that might potentially occur during GST implementation, says PwC Taxation Services Malaysia executive director Raja Kumaran. The key challenges we hear regarding the Act is that businesses have to look at things at the stock keeping unit (SKU) level, says PwC Taxation Services Malaysia senior consultant Tim Simpson.
16 March: Corporations falling behind on cyber security (The Edge Financial Daily)
Cyber security investments aren’t going up, even though the number of high-profile attacks are, says Neil Meikle, associate director at PwC Consulting Services Malaysia. Businesses should start reacting, as the costs associated with the risk of cyber threats can be exponential, adds Dan Kelly, manager at PwC Consulting Hong Kong Ltd.
March: Malaysia GST – Just days ahead (Bloomberg BNA)
With April 1, 2015 fast approaching, businesses have put their GST implementation projects at the forefront of corporate priority, says PwC Malaysia GST lead Wan Heng Choon and consultant Levinash Ravindran.
9 February: Banking on intellectual property (The Edge Malaysia)
Valuation itself is a greatly subjective and complex exercise, and even more so, valuation of an intangible asset, says PwC Capital Malaysia associate director Adeline Khoo.
2 February: Key concerns of Malaysia family-run firms (The Edge Malaysia – Personal Wealth)
46% of Malaysian family businesses believe that there is a need to professionalise the business, which is also one of the key priorities of family businesses globally in moving to the next level of growth, according to the Malaysian cut of PwC’s 2014 Family Business Survey.
2 February: PwC’s 2014 Family Business Survey : The Malaysian cut - Infographics (The Edge Malaysia –EdGY)
This infographics provides a snapshot of the key findings from the Malaysian cut of PwC’s 2014 Family Business Survey. Attracting and retaining key skills and talent are on top of the minds of Malaysian family firms, along with the need to innovate and to manage succession for the family business, among other priorities.
12 January: FATCA proving to be a headache for FIs (The Edge Malaysia)
Whether a financial institution has 10 or 1,000 US customers, it will still have to go through the same hassle of due diligence on the customers to identify if they are US persons under the Foreign Account Tax Compliance Act (FATCA), says PwC Malaysia partner and assurance financial services leader Ong Ching Chuan.
12 January: New year, new you, new work choices (The Edge Malaysia)
Job-hopping can be a good thing if it helps an individual grow by exposing him to different work environments, people and culture, says PwC’s South East Asian Consulting Services executive director Anil Shivadas.
10 January: Designing the future of senior living (Focus Malaysia)
Integrated senior living as an industry is non-existent in Malaysia due to our relatively younger demography but we have the chance to shorten the learning curve and growing pains by tapping the experience of other more established countries like Japan, Australia and the United States.
9 January: Enterprise mobile security still lagging: Experts (Digital News Asia)
Many enterprises still do not understand general mobility trends such as the bring-your-own-device (BYOD) trend, let alone mobile security, says PwC’s South East Asian Consulting Services associate director Maneesh Chandra.
7 January: The advancing storm: Key strategies for cyber-defence (Digital News Asia)
In this article, PwC’s South East Asian Consulting Services associate director Neil Meikle highlights the key strategies in defending against cyber-attacks in line with the key findings from the Malaysian cut of PwC’s 2014 Global Economic Crime Survey.
11 December: Local financial institutions to comply with US global tax law soon(The Edge Financial Daily)
The cost and effort to comply with the Foreign Account Tax Compliance Act (FATCA) may be high especially for financial institutions with a large customer base, taking into account the IT systems and manpower enhancements they will need to undertake to conduct due diligence on customers, says PwC Malaysia partner and assurance financial services leader Ong Ching Chuan.
1 December: Why workforce management needs analytics(The Edge Malaysia)
Attrition is one of the key areas where human resources can use workforce analytics to gain a better understanding of the workforce and anticipate future needs, says Anil Shivadas, executive director, PwC’s South East Asian Consulting services.
10 November: Budget 2015 supports Malaysia’s rising competitiveness(PwC – Growth Markets Centre)
The people-friendly announcements in the recently tabled Budget 2015, and Malaysia’s improvement in its ‘ease of doing business’ ranking in World Bank’s recent report should further enhance confidence that the country is a good place to do business, says Patrick Tay, executive director of economics advisory at PwC Malaysia.
1 November: Share buybacks galore(Focus Malaysia)
A share buyback should be seen as a mechanism to help companies stabilise or maintain their share price at or above its deemed “true” value, says PwC Malaysia executive director Paran Puvanesan.
1 November: Implications of the AEC to the accounting industry(Focus Malaysia – ACCA Special Focus on AEC)
Accountants are expected to gain from ASEAN economic and corporate growth, brought about by the rise in regional trade, investment and prosperity with the ASEAN Economic Community (AEC) expected to come into effect end 2015, says PwC Malaysia managing partner Sridharan Nair.
21 October: Increasing Malaysia’s competitiveness(The Edge Malaysia)
For corporates, Budget 2015 continues the government’s focus on increasing Malaysia’s appeal as an investment hub for technology-driven and high value adding activities, particularly for foreign multinationals, says PwC Malaysia tax leader Jagdev Singh.
13 October: GST implementation – what do you need to do?(The Edge Malaysia)
PwC Taxation Services Malaysia senior consultant Tim Simpson addresses the key issues businesses need to consider in implementing GST, including the registration process and obligations to Customs and other stakeholders.
4 October: Time to ease business costs with tax deductions(Focus Malaysia)
The government needs to undertake a review of the current laws on expense deductibility in order to align the law to the business environment of today, says PwC Taxation Services Malaysia senior executive director Phan Wai Kuan.
4 October: Caring for our elderly population(Focus Malaysia)
In celebrating our nationhood of 57 years, let us acknowledge the contributions of the generation of nation-builders (now in their senior years) by providing the necessary tax breaks and incentives to promote their wellbeing, says PwC Taxation Services Malaysia senior executive director Khoo Chuan Keat.
2 October: GST misunderstood, says PwC(New Straits Times)
It is critical for businesses to properly understand the mechanics of GST, given the wider implications on the economy and the wellbeing of the rakyat, says PwC Taxation Services Malaysia executive director Hanita Ahmad.
October: GST poser on properties(Personal Money)
The impact of the proposed GST framework may result in pressure on the selling prices of residential properties, depending on the ability of the supply chain to harness tax savings, says PwC Taxation Services Malaysia senior executive director Wan Heng Choon.
October: New software paradigm(ACCA Accounting & Business Malaysia)
SAAS gives businesses some inherent benefits such as cost savings, access flexibility, scalability and resilience, says Shahrin Ismail, executive director, PwC's South East Asian consulting services.
20 September: Go easy on the property sector(Focus Malaysia)
It is hoped that the government would take a softer approach towards the property sector come Budget 2015 amidst the challenges faced by the sector including escalating property costs and the impact of GST on property prices, says PwC Taxation Services Malaysia senior executive director Steve Chia.
16 Aug: Telcos and property companies most hit by new standard(Focus Malaysia)
MFRS 15, the Malaysian equivalent of the new IFRS which introduces a single revenue recognition model will improve comparability within industries, across industries and across capital markets, says PwC Malaysia senior executive director Siew Kar Wai.
11 August: Amendment to accounting of bearer plants a welcome change, says PwC(The Edge Financial Daily)
There will be an accounting standard on agriculture in the country with the adoption of an amendment to the International Accounting Standard (IAS) 41 for how bearer plants are accounted for and this will allow comparability with other plantation companies locally and globally, says PwC Malaysia senior executive director Siew Kar Wai.
4 August: Digital banking to advance more rapidly in Malaysia(The Edge Malaysia)
We expect to see a rapid growth in digital banking in Malaysia over the next few years, says PwC's East Cluster Financial Services Leader, Hugh Harley. Banks in Malaysia take technology seriously and have invested heavily in it, adds PwC Malaysia partner and financial services leader Soo Hoo Khoon Yean.
25 July: PwC's CR report first in Malaysia to adopt new G4 guidelines(The Malaysian Reserve)
To champion sustainability effectively among our clients, it's essential for us as a trusted business advisor to lead by example, PwC South-East Asian Consulting Services Sustainability and Climate Change leader Andrew Chan Wing Kay comments on the release of PwC Malaysia's 2013 Corporate Responsibility (CR) report, the first in Malaysia to adopt the new G4 Sustainability Reporting Guidelines.
22 July: Integrated Reporting in Malaysia - basics covered, but a long way to go(World Watch)
Companies need to move away from using annual reports as a compliance document, PwC Malaysia Assurance Leader Pauline Ho comments on the state of integrated reporting in Malaysia. She recommends that companies focus on using the annual report as a platform to communicate their long-term value in a clearer and more succinct manner.
14 July: Building integrated retirement villages (The Edge Malaysia)
Ensuring that operators in joint ventures remain committed to projects is paramount, says PwC Taxation Services Malaysia senior executive director Khoo Chuan Keat. Chuan Keat is the project consultant for Eden-on-the-Park Sdn Bhd, the developer for the integrated retirement village concept.
11 July: Listed firms lag behind foreign peers in integrated reporting(The Edge Financial Daily)
Foreign companies have more fully embraced integrated reporting compared to Malaysian public listed companies. This can be attributed to the more mature regulatory requirements overseas, says PwC Malaysia assurance leader Pauline Ho at the launch of PwC's report 'The State of Integrated Reporting in Malaysia'.
July: Gender Diversity Benchmark for Asia 2014(Community Business)
In the Gender Diversity Benchmark for Asia 2014, Malaysia was one of the top performers in terms of number of women in senior positions. PwC Malaysia Executive Chairman Dato’ Mohammad Faiz Azmi shares his views on this and provides some insights into his personal drive to create a culture that is more inclusive of women at PwC Malaysia.
30 June: KL risks losing attractiveness as business centre (The Edge Malaysia)
According to PwC Malaysia managing partner Sridharan Nair, should KL lose its comparative attractiveness vis-a-vis its neighbours - whether as a business hub or a city to live in - the consequences may be difficult to reverse.
23 June: For dads everywhere who make a difference (The Edge Malaysia)
Fathers and husbands play a crucial role in a woman's success, says PwC Malaysia marketing and communications lead Stephanie Caunter in reference to her own dad and husband, both her pillars of support.
7 June: Things are looking up for KL (Focus Malaysia)
Kuala Lumpur has moved up a notch from last year’s 18th placing to 17th in the latest edition of PwC’s Cities of Opportunity 6 survey of 30 cities. The Malaysian capital achieves the highest ranking for the cost indicator, which measures a city’s standard of living.
6 June: Property developers urged to understand and review IFRS 15 (The Edge Financial Daily)
IFRS 15 is a new model that will require a new mindset and it will take some time to digest the guide and its implications, says senior partner of PwC’s Global Accounting Consulting Services and member of the IFRS Interpretation Committee Tony de Bell. Malaysian Accounting Standards Board (MASB) chairman Dato’ Mohammad Faiz Azmi, who is also PwC Malaysia’s executive chairman adds that MASB is hoping to issue the IFRS as a standard in Malaysia within two months, which will then make it the Malaysian Financial Reporting Standard (MFRS) 15.
June: Cloud Control (ACCA Accounting & Business)
Security is still the main concern for public clouds, a major factor causing banking regulators to be hesitant in pushing for the adoption of cloud technology in Malaysia, says PwC Malaysia executive director Teh Lip Guan. Banks need to develop a sound strategic framework prior to embarking on the cloud journey, he suggests.
28 May: Macro-economic concerns, rising interest rates top risks for Malaysian bankers (The Edge Financial Daily)
Traditionally, Malaysian bankers have always been cautious about the risk outlook of the industry, which explains the relatively high level of anxiety among Malaysian banks compared to other countries globally, says PwC Malaysia assurance partner Ong Ching Chuan, in reference to the Malaysian results of the Banking Banana Skins 2014 report.
26 May: Malaysians more pessimistic about corruption (The Edge Financial Daily)
While the level of corruption in Malaysia is relatively high, “people think it is a lot worse than it actually is”, says PwC Malaysia executive director and forensics lead Alex Tan, in reference to the Malaysian results of PwC’s Global Economic Crime Survey 2014 report. Alex Tan was speaking at The International Compliance Leadership Series II event, organised by MICCI.
10 May: Second generation leaders (Focus Malaysia)
Preparing for succession transition is key to avoid the common inter-generation succession pitfalls in second-generation businesses, meaning after a family member is identified to succeed in the family business, there has to be a structured succession process in place well ahead of the years leading up to the moment of transition, says PwC Malaysia assurance partner Eric Ooi, who also leads the regional Entrepreneurial and Private Clients (EPC) services for PwC across Asia Pacific, and in Malaysia.
10 May: Procurement fraud a growing economic crime (Focus Malaysia)
In Malaysia, the procurement fraud that we encounter typically involves staff providing opportunities to friends and contacts or staff putting pressure on existing suppliers to pay kickbacks, says PwC Malaysia executive director and forensics lead Alex Tan at the launch of the Malaysian cut of the Global Economic Crime Survey.
5 May: One for the guys (The Edge Malaysia)
If we're serious about helping women succeed at the workplace, we have to help the men help the women, and we should start by recognising our men for being a great parent, says PwC Malaysia marketing and communications lead Stephanie Caunter.
25 April: Watch out for cybercrime, says PwC (The Sun)
Malaysia's financial services sector in particular, has the biggest risk to cybercrime, with individuals as the primary victim and financial institutions the secondary victim as a result of phishing attacks, says PwC Malaysia executive director and forensics leader Alex Tan in reference to the Malaysian results of PwC's 2014 Global Economic Crime survey.
25 April: Economic crime on the rise, says PwC (New Straits Times)
Despite the growing awareness of economic crime among companies in Malaysia, they may still do more to protect themselves, says PwC Malaysia executive director and forensics leader Alex Tan at the launch of the Malaysian cut of PwC's 2014 Global Economic Crime survey. PwC Malaysia executive chairman Dato' Mohammad Faiz Azmi added that the flipside of the growing awareness of cybercrime in particular, is the false sense of security among companies.
19 April: Women believe in merits to sit in boardrooms(Focus Malaysia)
A quota may be necessary as the fastest way of raising the number of women on boards. Personally, I feel it’s only a quick fix as it measures quantity rather than quality. We should look at diversity as a business issue, beyond glass ceiling terms, says PwC Malaysia diversity leader Chin Suit Fang.
7 April: Do Not Call Registry being pondered(The Edge Financial Daily)
We look forward to the setting up of the data user forums to come up with code of practices for greater clarity, says PwC Malaysia senior executive director Ong Ai Lin, in relation to the latest requirements to strengthen data users’ compliance with the Personal Data Protection Act (PDPA).
7 April: Be yourself, be different(The Edge Malaysia)
In the spirit of PwC's Global Diversity Week, marketing and communications lead Stephanie Caunter shares why she feels strongly about celebrating the uniqueness of each individual and the small efforts we can make in our everyday lives to practice diversity.
2 April: Lack of communicative ability biggest leadership gap in Malaysia(The Edge Financial Daily)
Leaders in Malaysia naturally displayed a sense of humility due to a strong sense of community and culture in Malaysia, says PwC Malaysia managing partner Sridharan Nair at the launch of The ICLIF Leadership & Governance Centre’s Asian Leadership Index (ALI) study.
22 March: Why social media? Y not?(The Edge Malaysia)
Our GenY digital natives Nabiya Anthony (a management consultant) and Sarah Lee (a PR professional) answer fans' burning questions on social media in business, Twitter-style (140-characters), in this week's Edge article. This article which shows why social media makes good business sense, is the final part of the series based on our Getting social: Social media in business report.
10 March: Social media aide-memoire for boards (The Edge Malaysia)
As stewards of the company, the board is ultimately responsible to drive social media growth via a dedicated social media strategy, says Sundara Raj, consulting leader in Malaysia for PwC’s South East Asian Consulting Services.
10 March: More time needed to comply with PDPA (The Edge Malaysia)
PwC senior executive director, Ong Ai Lin says that depending on the size of the organisation, there are the information technology enchancement activities, development of policies and procedures as well as the change-management and training activities that need to be put in place. As such, it will take several months for an organisation to fully comply with the Personal Data Protection Act 2010 (PDPA), which came into force on November 15, last year.
8 – 21 March: New financial reporting standards for SMEs(Malaysia SME)
Changes to the accounting standards and reporting framework should be based primarily on the needs of the users of the financial statements and public interest considerations, says Dato’ Mohammad Faiz Azmi, Malaysian Accounting Standards Board (MASB) chairman and PwC Malaysia executive chairman, in relation to the introduction of the Malaysian Private Entities Reporting Standard (MPERS).
7 March: Reporting what matters, where it matters(The Malaysian Reserve)
Both the GRI G4 sustainability guidelines and the total impact measurement and management concept show that moving forward, there will be a greater focus in using sustainability reporting as a meaningful stakeholder engagement tool, says PwC Malaysia sustainability and climate change associate director Natasha Yap.
3 March: A vested interest(The Edge Malaysia)
PwC Malaysia marketing and communications lead Stephanie Caunter shares why she’s personally vested in gender diversity.
26 February: Potential mergers seen among small – mid O&G players, says PwC(The Edge Financial Daily)
Malaysia has great potential to be a strategic hub for oil & gas players who want access to growing nations and emerging markets, given its recognition as a business friendly environment, says PwC Malaysia managing partner Sridharan Nair at the launch of The Oil & Gas Year Malaysia 2014.
24 February: Finding my tweet spot on social media(The Edge Malaysia)
I encourage business leaders out there to seriously consider why social media can bring benefits to their business and themselves, by embracing the 3As of tomorrow’s leader - be accessible, authentic and aware, says PwC managing partner Sridharan Nair.
February: Deepening the capital market(ACCA Accounting and Business Malaysia)
PwC Malaysia Assurance partner Soo Hoo Khoon Yean comments on recent capital market developments and the role of accountants in shaping the dynamics of the capital market, in this article.
27 January: New year’s resolutions (The Edge Malaysia)
Don’t hold yourself back from achieving the things you dream of, says PwC Malaysia marketing and communications lead Stephanie Caunter, reflecting on the fulfilling year behind her.
January: The new nine-to-five(Her World)
PwC Malaysia assurance senior manager Johanna Ramli shares how she has benefitted from PwC's flexible work arrangement (FWA). Our human capital leader Chan Chong Kong explains that career progression and opportunities for development and exposure don't stop just because a staff opts for FWA.
January: GST – A boost to SMEs?(Business Advocate)
PwC Malaysia senior executive director Tony Chua shares about GST and the benefits that small and medium enterprises (SMEs) can derive from the elimination or lowering of sales and services tax (SST) costs under this regime.