Charles Taylor’s Post

Faced with eroding revenue and over capacity, many EMS in Johor Bahru, Malaysia are cutting cost. Some planned, some ad-hoc and some frantically trying to do both. Many fail to see above and beyond the problem. Cutting cost is not merely as simple as cutting headcounts and then run to the ownership to present you have met your KPis. When you cut down the number of core people you have, you are actually cutting down your talents pool, losing the essential tribal knowledge within the organization and reducing your competitive capability. Cutting head count indiscriminately is a short terms gain that makes you look like a hero for a while. Because when the business recover, and they do, you no longer have the talents pool and the capability to fight back. Meaningful cost cutting is about reducing expenses and containing the overhead and retain your core talents and human resources for a long terms survival. When you cut people to pay less so that you can survive another day, you have lost sight of your business direction, because when you do so, you get monkey left to do the job. Photo depicts dust at Singapore Woodland MRT. Thousands of Malaysian workers transit here to work in Sinagapore everyday. #costcutting #EMS #johor

🎉 Exciting Milestone for YAS Malaysia! 🎉 We are thrilled to announce that YAS Malaysia has doubled our policy count in just 4 months, achieving what once took us 18 months when we first started! 🚀 This incredible growth journey has us setting our goals even higher. Our next ambitious targets: ✅ 10,000 policies in a month ✅ 10,000 policies in a week ✅ 10,000 policies in a day ✅ 10,000 policies in an hour ✅ And ultimately, 10,000 policies in a second! Imagine issuing over 315 billion policies a year, ensuring more people have the coverage and peace of mind they need. This is not just a goal; it's a commitment to making insurance accessible, inclusive, efficient, and impactful. Thank you to our amazing team, partners, and customers for believing in our vision and driving this extraordinary progress. Together, we are reshaping the future of insurance! #YASMalaysia #InsuranceInnovation #GrowthMilestone #CustomerFirst #FutureGoals #InsuranceRevolution #Etiqa #EveryMomentMatters

🇲🇾 Are you considering starting a business in Malaysia? Here are 7 reasons why choosing Sendirian Berhad (Sdn Bhd) as your business structure could be the right move for you: 1. Limited Liability Protection: Shield your assets from business liabilities, ensuring peace of mind even in challenging times. 2. Credibility: It signifies a formal, registered entity, which can enhance trust and confidence among customers, suppliers, and investors. 3. Tax Advantages: Enjoy tax benefits and incentives offered by the Malaysian government, maximising your profitability and cash flow. 4. Transfer of Ownership: Benefit from the flexibility of easily transferring ownership through the buying and selling of shares, ensuring smooth transitions when needed. 5. Employee Benefits and Recruitment: Attract and retain top talent with attractive benefits packages, including health insurance, retirement plans, and stock options. 6. Brand Protection: Safeguard your brand name and identity by registering as an Sdn Bhd, preventing unauthorised use and protecting your intellectual property rights. 7. Access to Capital: Unlock opportunities for growth and expansion with easier access to capital through avenues such as bank loans, venture capital, and public funding initiatives. 🚀Ready to explore the possibilities? Let’s have a chat today! ➡https://lnkd.in/gi8FHxtQ #growthwithgrof #grofbusinesssolution #malaysia #sdnbhd

"Our employees now feel that there is someone to take care of their needs" - Jusman HUTAMA, Group Head of Human Capital & Services, Tugu Insurance Tugu is one of the top 3 general insurance companies in Indonesia. And their recipe for success is retaining top talent with the help of Amber! 😍 Learn how PT Asuransi Tugu Pratama Indonesia Tbk has: ✅ Addressed top talent concerns & created great employee experience 🤗 Taken care of employee’s needs 💪 Retained their A-team with data-led decisions Discover Tugu's insider insights as they unveil the keys to retaining their A-team. Watch the full video testimonial now! Link is in the comments below 👇 #employeeretention #employeeexperience #genai #jusmanhutama

𝑾𝒉𝒂𝒕 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒍𝒊𝒆 𝒂𝒉𝒆𝒂𝒅 𝒇𝒐𝒓 𝑪𝑳𝑴𝑻? In a recent interview with The Edge Malaysia, Choon Siang Tan, CEO of the manager of CapitaLand Malaysia REIT (#CLMT), shared insights about the Trust’s strategic pivot towards industrial and logistics assets to diversify its income streams and enhance the resilience of its portfolio. Malaysia has emerged as a favourable China-plus-one destination as businesses diversify their supply chain activities. This is amid an anticipated increase in industrial activities, particularly in Penang and Johor. The upcoming Johor Bahru-Singapore Transit System Link and the Johor-Singapore Special Economic Zone are expected to further stimulate industrial activities in Johor. CLMT currently owns two logistics assets, namely Valdor Logistics Hub in Penang and the Glenmarie Distribution Centre in Selangor. It also expects to complete its acquisition of three factories located at the Nusajaya Tech Park in Iskandar Malaysia, Johor, by 4Q this year. On the retail front, CLMT has seen improvements in the performance of its Klang Valley malls through its proactive asset management and leasing efforts. The team has actively repositioned 3 Damansara into a community hub to better serve the needs of the surrounding neighbourhood. Read the full article here: https://bit.ly/3S8gGq4 #industrial #REIT #malaysia #logistics

Johor Port: a wonderful visit to neighbour across town Ikmal Danuri and I visited Johor Port FMD, meeting with Ir. Ln.Ts. Mohd Khairul Azizat Johari PMP and team. It's a newly setup team trying to tackle legacy issues in FM and infra. I applauded the effort since the historical port itself is way older than me and the FMD team member! The complexity of managing the legacy data itself posed a unique challenge. Tackling any legacy issue head-on, but with a different set of thinking and strategy from what was previously done, is always the start of a successful journey. I remember once assigned to an old facility to revamp the operation in its entirety. Some of the things we did to ensure we had high chances of success were: 1) If we are the new 'blood' and come as a change agent, people have high expectations for us to fail (hate us/scepticism). Therefore, stakeholder engagement is crucial. 2) To provide and explain a clear roadmap and milestones of achievement. 3) Expect and accept things that are not in the correct order; there will be technical debts, and people in the past have tried their best. 4) Ensure resources and budgets are managed effectively and efficiently. 5) Acknowledge cultural, generational, age, and communication gaps and address them tactfully. If you are not great at communicating, assign the kindest/best person in your team to do it. Thank you for being a great host, Ir. Azizat and team! #johorport #infinitywave #digitaltransformation #facilitiesmanagement

A Brief of A Journey on Assurance Recently, I have been studying how companies incorporate the concept of "Assurance" into their business and operational processes. Traditionally, I've viewed this term as a boring concept. As I began to learn its Impacts on business, it fascinated me to see how this term can inspire feelings of safety, calmness, and certainty. It has been an important discovery. At PT. TÜV NORD Indonesia, I'm learning from my experienced colleagues. They are experts in the field of Testing, Inspection, and Certification. This learning encounter has given me a deeper understanding of how a company operates holistically and led to the concept of compliance. It is not just about following rules. It also involves considering all aspects of the company's operations and business. Thus, What I find exciting is that creativity can still thrive and flourish inside #compliance. This journey has just begun, and I am eager to see what lies ahead. It's a thrilling ride! Destination: #Sustainability Tabik, GH

Suruhanjaya Syarikat Malaysia (SSM) has implemented a revised Beneficial Ownership (BO) Guideline, expanding its scope to cover all entities registered under their purview. This revision clarifies the identification of BOs and broadens the responsibilities of both entities and BOs themselves. With the added obligations for the maintenance and reporting of such information to the regulator, our Corporate Services team unpacks these changes and their impact on business owners and directors. Explore our perspective: https://pwc.to/3UcXWWw #Compliance #CorporateServices

On 29 February 2024, Suruhanjaya Syarikat Malaysia (SSM) Pulau Pinang advised the company secretaries who had received compound notice issued under section 68(1) of the Companies Act 2016 to take actions according to the steps given in the Guide and refer to Automatic Reduction Mechanism for further details. Refer to the Steps here: https://lnkd.in/gNqaXrzF #MAICSA

A Guide for Business on Controlled Sales of Assets Excited to share some transformations I have facilitated in the past : 1️⃣ Sole Proprietorship to Sdn Bhd Helped "XXX," a popular JB shop, transition into a private limited company. This move boosts credibility, attracts investment, and minimizes personal liability, setting them up for greater success. 2️⃣ Partnership to Sdn Bhd Guided "YYY Partner," a partnership in Johor Bahru specializing in trading of building material, in restructuring into an Sdn Bhd. This strategic shift enhances their ability to secure capital and streamlines operations, propelling them towards a brighter future. 3️⃣ Restructuring a Group Assisted the ZZZ family in streamlining their diverse business holdings by transferring assets into a newly formed Sdn Bhd. "ZZZ Holdings Sdn Bhd" now benefits from improved operational efficiency and optimized tax strategies. Each transformation underscores the power of strategic planning and expert guidance in adapting to business growth and complexity. Read the full content in our #ktp blog Understanding Controlled Transfer in Taxation - A Guide for Business https://lnkd.in/gTMxPuyf