Goods and Services Tax – The Reading of the GST Bill (86.1kb PDF)
16 December 2009 - The Goods and Services Tax (“GST”) Bill was tabled in Parliament today. As expected, GST which is proposed to be implemented in the later half of 2011, will replace the current sales tax and service tax regime.
2009 Non-Executive Directors: Profile, Practices & Pay (112kb PDF)
26 November 2009 - In cognizance of the ever-increasing roles and responsibilities of the non-executive director (NED), KPMG Malaysia today released a publication entitled “2009 Non-Executive Directors: Profile, Practices & Pay.”
FRS 139 Implementation - Leveraging on Basel II (116kb PDF)
8 October 2009 - Many Malaysian financial institutions are in the process of implementing Basel Capital Accord II (Basel II). At the same time they are also required to convert their financial reporting to comply with FRS 139 “Financial Instruments: Recognition and Measurement”, effective 1 January 2010 onwards, which poses similar implementation challenges for financial institutions as Basel II.
KPMG Fraud Report Reveals that Fraud Hits Nearly One in Two Companies in Malaysia (57.6kb PDF)
16 September 2009 - Fraud continues to be a serious threat within corporate Malaysia with 49% of Malaysian companies surveyed experiencing at least one incident of fraud.
Intercompany Pricing under Intense Scrutiny (38kb PDF)
3 September 2009 - Many governments around the world are extending and tightening controls over cross-border transactions between companies within the same group, as they look for new sources of tax revenue, a new survey from KPMG’s Global Transfer Pricing Services practice has found.
Infrastructure: Survey Lays Bare the Extent of Private Sector Misgivings (34.9kb PDF)
6 August 2009 - As if addressing the infrastructure challenge wasn’t already a big enough task for many national governments around the world, some nagging doubts persist amongst the private sector about those governments’ ability to get the job done, according to research released today.
Sime Darby Plantation Sdn Bhd - KPMG Malaysia Mangrove Replanting Collaboration (108kb PDF)
17 July 2009 - KPMG in Malaysia today presented a cheque for RM 50,000 to Sime Darby Plantation Sdn Bhd, a subsidiary of Sime Darby Berhad, in conjunction with a collaborative effort to replant mangrove trees on Carey Island, Klang. This joint initiative will see the two parties working closely together to restore ecosystem imbalances which pose a threat to the island and its inhabitants.
Acquisition Appetite and Strategy in the Private Banking and Wealth Management Industry (40.3kb PDF)
6 July 2009 - The credit crisis appears to have done little to dampen expectations of pending international consolidation across the private banking and wealth management industry, claims a new survey out today.
Outsourcing: Managing Risk in Turbulent Times (42.5kb PDF)
1 July 2009 - In the current economic environment, the need to look closer to understand the risks inherent in any outsourcing relationships and how these risks can be mitigated are more apparent as the risk of business failure can be much higher. A fundamental question asked today is “Are we spending more on compliance at the expense of profitability and sustainability?”
KPMG Wins ACCA Platinum Employer Award (87kb PDF)
6 March 2009 – KPMG today has been accorded platinum approval from ACCA (the Association of Chartered Certified Accountants), the world’s leading professional international accountancy body, in recognition of their training and development of their employees towards the acquisition of the ACCA Professional accountancy qualifications.
KPMG Named 'Best Islamic Assurance and Advisory Services Provider' - Two Years in a Row (87kb PDF)
25 February 2009 - KPMG member firms worldwide were named 'Best Islamic Assurance and Advisory Services Provider' last night for the second year in a row at the 2009 Euromoney Islamic Finance Awards ceremony in London, UK. Now in its seventh year, the Awards are regarded by many in the sector as the benchmark awards for the global Islamic finance industry.
Penang: A New Emerging IT-BPO Destination (104kb PDF)
11 February 2009 - It might not have been obvious by many, but Penang has earned the right to be named as one of the 31 cities globally that has the potential to be an Information Technology (IT) – Business Process Outsourcing (BPO) hotspot.
KPMG: Banks Urged to Grasp the Nettle of Risk Management to Avert Repeat Crisis (33.6kb PDF)
8 January 2009 - Despite the continued fall-out from the financial crisis across the banking industry, it appears that not enough institutions are planning to make fundamental changes to their risk frameworks.
In a Cautious M&A Market, Investors Devoting More Time to Due Diligence (34.3kb PDF)
A new KPMG study, entitled Due diligence in uncertain times, explores how due diligence practices are changing in the current bearish M&A environment.