Ramesh Ganesan’s Post

New regulation for handling business partnership cases by the competition regulator: improvement for large businesses… or setback? The Indonesia Competition Commission (“KPPU”) has recently revoked Regulation 4/2019 on the Supervision and Handling of Partnership Disputes, replacing it with Regulation 2/2024 (“New KPPU Regulation”). The New KPPU Regulation impacts the way disputes between large companies and micro, small and medium enterprises are handled by the KPPU at each stage of the proceeding, and this may both benefit and burden large companies. Authors Partner Verry Iskandar, Foreign Counsel Robert Reid, and Senior Associate Valeri Soekarno provide a comprehensive update to address this issue. Read more at this link https://lnkd.in/gwTPWiCF

A co-operative is simply an association of persons who unite voluntarily to meet a common economic, social and/or cultural goal. In Malaysia, it is a body corporate established and governed by the Co-operative Societies Act 1993. Through the applicable laws and regulations, a co-operative is given a wide range of benefits and support by the law, due to its benefits to the economy and community alike. Today, in Malaysia, successful co-operatives like Bank Rakyat Malaysia and Co-opbank Pertama have become key players in the financial sector. They offer a range of financial services contributing to the economic growth of the nation. In this article, our Projects & Infrastructure practice group led by the Deputy Managing Partner, Kevin Richard Nathan, Senior Associate, Elise Tam 覃斯妍 and Pupil in Chambers, @Alif Mustaqim provide answers for Frequently Asked Questions by individuals, corporations or co-operatives interested to offer financing solutions. #NazmiZainiChambers #ProjectsandInfrastructure

Saya ingin mengucapkan Selamat Hari Raya Aidiladha buat umat Islam yang berada di Malaysia. 🌙🕌 👥 Tag A Friend 💰 Save This Post For Later ⏰ Turn On Post Notifications #financialadvisorymalaysia #finance #financemalaysia #wva #leadershipskills #FinancialWellness #EmpowerYourFinances #SmartMoneyMoves #MeetTheTeam #harirayahaji #HariRayaHaji2024 #harirayahaji

Alhamdulillah. Another news article 'hot off the press'! I am thrilled to share my latest article published in Business Today: "A Global First: Malaysia’s Zakat Index Sets New Standard for Ethical Investing." In this piece, I delve into the groundbreaking introduction of Malaysia's Zakat Index, a pioneering initiative that integrates Islamic principles with modern investment strategies. This index not only enhances transparency and accountability in the financial sector but also promotes ethical investing, aligning economic growth with social responsibility. Discover how this innovative approach is setting new benchmarks for ethical investment standards globally. Read the full article here: https://lnkd.in/gcZuyfBv #EthicalInvesting #ZakatIndex #Malaysia #IslamicFinance #SustainableInvestment #BusinessToday

KUALA LUMPUR: The financial woes of the Federal Land Development Authority (Felda) and PR1MA Corporation Malaysia (PR1MA) highlight the need for the government to stay away from business, says an anti-corruption and good governance consultant. K. Sudhagaran Stanley said the Auditor-General's 2022 report on Felda and PR1MA serves as a "wake-up call" and signals the "urgent need" for a departure from past practices. "In both cases, the message is unmistakably clear: the government's involvement in business ventures should come to an end," he told the New Straits Times. Yesterday, the Auditor General raised concerns over the financial health of the Felda and PR1MA, citing their level of debt and reliance on government assistance. For the year 2022, Felda's net loss rose to RM1billion while PR1MA recorded a net loss of RM257 million. The former Center to Combat Corruption and Cronyism (C4) deputy chief executive said it cannot be denied that Felda once garnered international acclaim for its remarkable success in land development and poverty alleviation. "(But) its long-term viability has come under scrutiny. Sustained political interference has precipitated significant financial losses." "The pertinent question arises, how much taxpayer funds must be injected to salvage such ventures each time they flounder?" He said the government should look to reduce involvement in business gradually and focus on fostering a conducive business environment. https://lnkd.in/gZGfzK9M

Last week, The Institute for Democracy and Economic Affairs | IDEAS launched the #pantaukuasa platform to track political appointments in Federal statutory bodies (FSBs) and Government-Linked Companies (GLCs) across five administrations, from PM Najib Razak administration to the current Anwar Ibrahim administration. Website here: pantaukuasa.com This platform is not an endgame. It is a tool for the public to hold the government and, by extension, their local ADUN/MP/Senator accountable. Political appointees can be concerning when appointing the Board of Directors (BODs) to these entities was made due to political consideration rather than via merit and qualification. The lack of transparency made this opaque and prone to abuse. That said, not all political appointees are "bad". Some are ex-officio appointees (e.g. Chief Minister of Penang and Menteri Besar of Kedah are naturally also board members of NCIA). This platform merely serves as a knowledge depository that opens the door for more research, scrutiny and analysis. For this project, Aira Nur Ariana Azhari Alissa Rode and myself have appeared on the media, from: Astro AWANI: https://lnkd.in/g5NE6Y7w BFM 89.9 - The Business Station: https://lnkd.in/giPsPJSt Star Media Group Berhad: https://lnkd.in/gM5cFyxi Malaysiakini: https://lnkd.in/gPb2T2NH https://lnkd.in/gftDVuiN Business Today:

🔥 For anyone who has been through any of my programs, we speak about having a big fat mother goose and juicy golden eggs   🥚I came across this company today at an event in Kuala Lumpur, Malaysia 🐔The irony of capturing an image of what I have been discussing for years, both inside and outside of my community (basically anyone who would listen- 😂)   🤝 In today's fast-paced world, it's essential to safeguard our hard-earned money 💰Just like Mother Goose and her precious eggs, we must ensure our financial future remains secure 🗝 And the key? Diversification!   So how do we do that? 💼 Diversify to Multiply- It's like having multiple golden eggs in our basket! 🌍 Don't put all your eggs in one basket!- Explore 🔒Protect Your Nest Egg: Don't forget to protect what you've accumulated   🌟 This is where FemvestorsGlobal assists you so you have knowledge and habits to protect your fat mother goose and protect your golden eggs   🚀 Want to know more about what we do, check out our website   💫 One day or Day one- You decide #femvestorsglobal #mothergoose #goldeneggs #impact #vision #habits #money #investing #womansuppoortingwoman #education #knowledge Note: FemvestorsGlobal is not affiliated nor has any business dealings with the company referenced in the image

Planning to Invest in Indonesia’s Booming Market? Let Hepta Solutions Be Your Local Partner! Navigating the Indonesian market as a foreign investor can be overwhelming—from understanding regulations to finding the right partners. That’s where Hepta Solutions steps in! ✅ Expert Market Knowledge: We guide you through Indonesia’s legal and business landscape, making sure your investment complies with local regulations. ✅ End-to-End Support: Whether it's real estate, manufacturing, or tech, we provide tailored business setup and growth strategies for every investor. ✅ Strong Local Network: We’ll connect you with local partners, suppliers, and key resources to ensure a smooth entry and long-term success. ✅ Risk Management: Our legal experts mitigate risks, protecting your investment every step of the way. Book your FREE consultation today to learn how we can help you expand into Indonesia! 👉 https://lnkd.in/gPCVJvYp #ForeignInvestment #IndonesiaRealEstate #VentureCapital #EmergingMarkets #BusinessExpansion #HeptaSolutions #InvestIndonesia

The disgrace fall of Antonius Kosasih (AK), CEO of PT. Taspen (Persero). Taspen is a state-owned company entrusted to provide insurance (through its subsidiary Taspen Life) and pension funds management to Indonesia civil servants. As of end-2022, total assets and investments of Taspen reached around IDR346 trillion and IDR300 trillion, respectively. AK was appointed as the CEO of Taspen by Indonesia Ministry of SOEs in early 2020. The main factors triggering the fall of AK (as a man) are classic: Money (read Greed as AK's total compensation is already market competitive), Power, and Woman. It all started when AK was spotted by his wife having an extra-marital affair with a woman. Fighting his disrespect behaviours, AK's wife went to public with solid evidence accusing her husband of corruptive practices as CEO of Taspen. And the rest of the story is history, resulting in the indictment of AK as corruptor by Indonesia Corruption Eradication Commission (KPK); he was further discharged as Taspen's CEO by Indonesia Ministry of SOEs. AK is accused of commiting a fictitious investment. Relating to this case, KPK has also indicted a CEO of local asset manager. An investment management firm as large as Taspen shall have a working investment, risk and audit committees as checks and balances mechanism. Members of the committees comprised of key people of the company, ranging from members of the Boards of Commisioners and Directors to key persons of the company. Based on this fact, KPK should dig deeper into the corruption case to do justice to all stakeholders of PT. Taspen (Persero).

Mersin Capollari, the Founder of Besimi Ventures, stands out as a dynamic and accomplished leader with more than 20 years of rich experience in #investment management and financial sector. His journey in the sector is marked by a strong record of driving revenue growth and delivering innovative financial solutions, underpinned by a deep understanding of the institutional investment marketplace. Mersin's success in driving solution sales within the financial intermediary marketplace is a testament to his expertise and strategic vision. Beyond his professional prowess, Mersin is celebrated for his unwavering work ethic, outstanding communication skills and his ability to thrive in fast-paced environments. His innovative mindset and self-motivation have consistently led to the efficient resolution of complex issues, setting him apart in the industry. Known for his forward-thinking approach, Mersin excels in building and maintaining positive client relationships, leveraging these connections to uncover new #investmentopportunities and drive growth. Mersin Capollari is set to attend the prestigious 167th Private Investment Forum Worldwide, themed "Investing in Tomorrow: Capitalizing on Time-Tested Lessons and Strategies," scheduled for March 28th, 2024. The forum is committed to unveiling the latest in strategic foresight, with discussions aimed at understanding market shifts, mastering #riskmanagement and embracing opportunities with a blend of traditional and innovative approaches. #Investors will have the unique chance to discuss new investment strategies combining the best historical insights and forward-thinking predictions, setting the stage for groundbreaking investment decisions. To register, go to: https://lnkd.in/ekxHyVrY