CIMB’s Post

Financial System Stability in Q3 2024 Remains Secure Indonesia’s financial system stability remained intact during the third quarter of 2024, despite facing global geopolitical dynamics and a trend toward monetary policy easing. Effective coordination among financial authorities, including the Ministry of Finance, Bank Indonesia, the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS), ensured a balance between stability and economic growth. These efforts focused on controlling inflation, maintaining exchange rate stability, and ensuring smooth credit flow to the real sector. Fiscal and monetary policies were directed toward supporting sustainable economic recovery while strengthening the resilience of the financial sector against global risks. Proactive measures were implemented, such as enhancing banking liquidity, maintaining credit quality, and expanding financing access for small and medium-sized enterprises (SMEs). Financial institutions played a crucial role in fostering public trust through good governance practices. As a result, the stability of the financial system remains robust, underpinning the nation’s economic growth amidst global uncertainties. RDJ ADVISORY Tax and Advocate Tax, Transfer Pricing and Legal Services www.rdj-advisory.com #RDJAdvisory #TaxandAdvocate #FinancialSystem

Navigating the Malaysian Financial Landscape: Exploring the Capital Market, Takaful Industry, Government Organizations, and Corporate Governance Diversity 🇲🇾 Embark on a journey through Malaysia's vibrant financial ecosystem, where innovation, growth, and inclusivity intersect! Malaysian Capital Market: A dynamic hub of investment opportunities and economic vitality, the Malaysian capital market serves as a catalyst for sustainable development and prosperity. From the bustling Kuala Lumpur Stock Exchange (Bursa Malaysia) to vibrant Islamic capital market offerings, Malaysia offers a diverse array of investment avenues for local and international investors alike. Takaful Industry: Embracing the principles of Islamic finance, Malaysia's Takaful industry continues to flourish, offering innovative Shariah-compliant insurance solutions to meet the evolving needs of businesses and individuals. With its strong regulatory framework, robust consumer protection measures, and commitment to ethical finance, Malaysia stands at the forefront of Takaful innovation and excellence. Let's explore the transformative power of Takaful in shaping a more inclusive and resilient financial landscape! #TakafulIndustry Government Organizations: At the heart of Malaysia's financial ecosystem lie government organizations dedicated to fostering growth, stability, and prosperity. From the Securities Commission Malaysia (SC) to Bank Negara Malaysia (BNM), these institutions play a pivotal role in regulating, supervising, and promoting the integrity and efficiency of Malaysia's financial markets. Corporate Governance and Board Diversity: In Malaysia, corporate governance and board diversity are gaining prominence as essential pillars of sustainable business practices. Companies are increasingly recognizing the importance of diverse perspectives and experiences in boardrooms to drive innovation, enhance decision-making, and foster long-term value creation. With initiatives such as the Malaysian Code on Corporate Governance advocating for board diversity and gender inclusivity, Malaysia is making significant strides towards building more inclusive and effective corporate boards. Let's champion diversity, equity, and inclusion in corporate governance to create a brighter and more prosperous future for all stakeholders! Join me in celebrating the richness and diversity of Malaysia's financial landscape on LinkedIn! Together, let's embark on a journey of discovery, collaboration, and growth as we navigate the exciting opportunities and challenges ahead. #MalaysiaFinance #FinancialInnovation #CollaborativeGrowth

🧾 Exciting news from Malaysia! Learn about the latest advancements in the E-invoicing initiative designed to streamline business processes, boost economic growth, and enhance tax compliance. This move is a crucial step towards reducing administrative burdens and ensuring smoother transactions within the Malaysian economy. 📈 Discover how digital invoicing is reshaping business landscapes and the implications it carries for future economic prospects in Malaysia. Stay informed on innovative business solutions and technological advancements by following this discussion. 🔗 Learn more here : https://lnkd.in/gAimXuf7 📅 Book a free demo now: https://lnkd.in/gqk9uJNh #lhdn #EInvoicing #MalaysiaBusiness #DigitalTransformation #Fintech #BusinessGrowth #TaxCompliance #Innovation #mdec #mypint

PMK-172 is the recent Transfer Pricing regulation in Indonesia and many key aspects will be discussed during the webinar. Kindly join us on March 28th to know how they impact the multinationals.

Malaysia budget #budget2025 "As a business leader and advocate for digital transformation, I believe Budget 2025 offers tremendous growth opportunities for industries. The government's focus on strengthening the economy through innovation and technology aligns perfectly with Dar iHsan Bhd's vision. This budget encourages not only sustained economic resilience but also accelerates our efforts in digitalization, particularly in AI, eco-tourism, and Islamic content preservation. We are optimistic that the best is yet to come for Malaysia’s economic and industrial growth."

As Malaysia faces high debt and a budget deficit, the government is exploring new ways to boost tax collections and drive economic growth. Turning the country into a professional services hub could be a game-changer, creating jobs, attracting investments and addressing brain drain. Discover how this strategy could reshape our economy and increase taxable income without raising taxes! 📈 Read insights from our Senior Partner, Poon Yew Hoe and Tax Associate Director, Michael Cheah Liat Sheng, CPA (Aust.): https://bit.ly/4f1Ygjy

On 20 September 2024, Malaysia’s Finance Minister II, Datuk Seri Amir Hamzah Azizan, unveiled a financial incentive package for the Forest City Special Financial Zone (FCSFZ). Located on reclaimed islands between Johore and Singapore, Forest City is now a duty-free zone. The package aims to establish FCSFZ as a regional financial hub and includes a corporate tax rate of 0-5%, a 15% income tax for knowledge workers, a 0% tax for family offices, a 5% tax for certain financial services, and various incentives for banking and financial entities. Additionally, foreign banks will receive regulatory flexibilities for branch establishment and currency operations. The agreement between Malaysia and Singapore regarding the Johore-Singapore Special Economic Zone (JS-SEZ) is expected to be signed in November 2024. The FCSFZ is anticipated to complement the JS-SEZ initiatives rather than compete with them. All the above expresses anticipation for further clarification and specifics regarding the initiatives within the JS-SEZ and the FCSFZ. It emphasizes the desire for comprehensive details that extend beyond financial incentives, focusing on important aspects such as the development of local talent, community involvement, Sustainable Development Goals (SDGs), renewable energy initiatives, and the Bumiputera Agenda, which supports the economic interests of Malaysia's indigenous population.

Malaysia Budget 2025 strikes a balance between stimulating growth, supporting those in need and ensuring long-term fiscal health. Consistent with one of CPA Australia's key pre-budget recommendations, boosting SME competitiveness is a key focus of the budget to stimulate economic growth. Read our analysis here https://bit.ly/3UEBaYT

Fun Fact Monday: The cost of living in Malaysia is on the rise. From housing to daily expenses, everything's getting pricier. This makes it more important than ever to manage your finances wisely. Perhaps it’s time for you to consider to ↪️tracking your spending ↪️cutting unnecessary costs ↪️exploring ways to boost your income Every little step counts in staying ahead of rising costs. Always remember staying smart with your money today will help you secure a more stable financial future. #Vivfpjourney

Piee International is proud to be part of this inspiring workshop, which thoroughly explored strategies for budgeting wisely, simple investment tips, and financial planning for a more secure future. This event not only broadened perspectives but also provided actionable steps toward achieving financial stability. Thank you to OCBC Indonesia and all participants for creating such a productive and insightful discussion. Let’s continue moving forward, together building a more planned and secure future. ✨ #PieeInternational #OCBCNISP #FinancialSeminar #MoneyManagement #FuturePlanning #FUNanciallyFit