Over the years and leading up to today’s society, corporate professional women have made inspiring progress with a number of them holding high ranking positions and becoming drivers and role models in the corporate world. This growing presence and the importance of women in the banking industry will be highlighted in this two-day conference organised by the Institute of Bankers Malaysia from 3-4 April 2012.
This is the first-ever Women in Banking conference in Malaysia and will bring together top professional women leaders to recognise their achievements and ideas on how women can excel in the banking industry and be at par with the male gender. The conference also addresses the barriers and challenges faced by career women where their advancement is complex and tougher especially in rising to positions that are highly male-dominated.
This conference will also provide valuable networking opportunity and deal directly with the specific challenges that women face in their climb up the corporate ladder in banking institutions. It also seeks to create opportunities and an environment in which professional women can share their experiences, develop contacts and identify role models to help further their careers.
(http://www.ibbm.org.my/v2/index.php/women-in-banking/)
Showing posts with label OTHER NEWS. Show all posts
Showing posts with label OTHER NEWS. Show all posts
Wednesday, 15 February 2012
3 directors from the FRESH PALMS HOLDINGS (S) SDN BHD convicted under the Companies Act 1965
Wong Gan Meng, Loo Tap Keong and Wong Yiak Leong, the 3 directors of Fresh Palms Holdings (S) Sdn Bhd (782095-K) were convicted by the Kuala Lumpur Sessions Court today, 8 February 2012 for several non-compliance offences under the Companies Act 1965.
All three accused persons pleaded guilty to two charges each, under section 165(4) of the Companies Act 1965, for failing to lodge annual returns within one month after the Annual General Meeting (AGM). They further pleaded guilty to two charges each, for failure to hold the company’s AGM, an offence under section 143(1) of the Companies Act 1965. Finally, the three directors also pleaded guilty to two charges each for failing to table a profit and loss account for the company, an offence under section 169(1) of the Companies Act 1965.
The three directors were each sentenced to a total fine of RM7,300. The Honorable Court had ordered the directors to pay the fine in two installments, RM2,000 each director, on the same day and the remaining RM5,300 each director, on or before 8 March 2012. In convicting them, Judge Tuan Zulhazmi Bin Abdullah stated that the responsibilities of directors are very important and that one must know all the rules and regulations laid out in the Companies Act 1965, before being elected as a director and that one should not use the defense of no knowledge.
The first installment had been paid by all three directors at the Court Registry.
In his mitigation plea, defense counsel Mr. Gurmukh Singh appealed to court to impose a minimum sentence on all three directors, as they were unemployed and had dependants to support. Puan Nirmala Devi Ramadass prosecuted on behalf of Suruhanjaya Syarikat Malaysia.
The Prosecution pressed for Court to impose a deterrent sentence against the directors as the offence related to good governance and conduct of director in managing a company incorporated under the Companies Act.
SSM views the breaches committed as in the above case seriously. The practice of failing to lodge statutory documents deprives the public from having access to information relating to the companies concerned and it also creates a doubt in the public mind as to its existence.
Punitive action taken by SSM is to remind company directors and their officers, the need to strictly adhere to the requirements of the Companies Act 1965.
(http://www.ssm.com.my/en/press-release/3-directors-fresh-palms-holdings-s-sdn-bhd-convicted-under-companies-act-1965)
All three accused persons pleaded guilty to two charges each, under section 165(4) of the Companies Act 1965, for failing to lodge annual returns within one month after the Annual General Meeting (AGM). They further pleaded guilty to two charges each, for failure to hold the company’s AGM, an offence under section 143(1) of the Companies Act 1965. Finally, the three directors also pleaded guilty to two charges each for failing to table a profit and loss account for the company, an offence under section 169(1) of the Companies Act 1965.
The three directors were each sentenced to a total fine of RM7,300. The Honorable Court had ordered the directors to pay the fine in two installments, RM2,000 each director, on the same day and the remaining RM5,300 each director, on or before 8 March 2012. In convicting them, Judge Tuan Zulhazmi Bin Abdullah stated that the responsibilities of directors are very important and that one must know all the rules and regulations laid out in the Companies Act 1965, before being elected as a director and that one should not use the defense of no knowledge.
The first installment had been paid by all three directors at the Court Registry.
In his mitigation plea, defense counsel Mr. Gurmukh Singh appealed to court to impose a minimum sentence on all three directors, as they were unemployed and had dependants to support. Puan Nirmala Devi Ramadass prosecuted on behalf of Suruhanjaya Syarikat Malaysia.
The Prosecution pressed for Court to impose a deterrent sentence against the directors as the offence related to good governance and conduct of director in managing a company incorporated under the Companies Act.
SSM views the breaches committed as in the above case seriously. The practice of failing to lodge statutory documents deprives the public from having access to information relating to the companies concerned and it also creates a doubt in the public mind as to its existence.
Punitive action taken by SSM is to remind company directors and their officers, the need to strictly adhere to the requirements of the Companies Act 1965.
(http://www.ssm.com.my/en/press-release/3-directors-fresh-palms-holdings-s-sdn-bhd-convicted-under-companies-act-1965)
AirAsia X, first Airline in Asia to Introduce Innovative Empty Seat Option
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From January 2012, AirAsia X and its technology partner, Optiontown, have introduced an innovative new service, called ‘Empty Seat Option (ESo)’, available on Optiontown.com. AirAsia X is the first airline in Asia Pacific to offer its guests travelling in Economy, an option which provides a chance to get all three seats in a row for a nominal fee. Empty Seat Option (ESo) is AirAsia X’s second successful ancillary offering introduced in partnership with Optiontown after the success of its Upgrade Travel Option (UTo) service, launched in 2011. The UTo provides AirAsia X’s guests the opportunity to upgrade to AirAsia X’s Premium Flatbed seats. The UTo has helped to significantly increase AirAsia X's premium class load factor (by over 22%) and upgrade yield (by over 60%). Options are limited by flight to ensure a reasonable probability of successful upgrades. Each option is dynamically priced. AirAsia X CEO, Azran Osman-Rani said, “AirAsia X has revolutionized air travel in many ways and we are constantly on the lookout for current innovative trend to ensure that our guests’ comfort are looked after when onboard our flights. “We offer them the option to purchase only what is required depending on individual needs rather than bundling the cost to our fare offerings. This way, guests are able to enjoy continuous low fares from the airline. Feedback from passengers have been resoundingly positive as this service provides a clear comfort value for our passengers, and we’re delighted to expand our product offering to include ESo now, and other flexibility options in the near future.” He adds, “AirAsia X remains focused on maintaining its global leadership position in the low cost, long-haul segment. The airline is constantly looking for ways to boost customer satisfaction and enhance their flying experience with us. I believe that the Empty Seat Option (ESo) will be a great addition to our family of ancillary products which will further increase our ancillary revenue stream. We estimate that we could earn up to US$1 million in 2012,” concluded Azran. Optiontown Founder & CEO, Sachin Goel stated, “Our team is excited to bring this innovation to the guest of AirAsia X, which is sharing our philosophy of pioneering dynamic travel options. Our patented core technology ‘OptiMYzer TM’ allows us to creatively bring more utility to the guest of our airline partner AirAsia X’. The technology has still more options in store that we plan to launch in the near future.” To add on the Empty Seat Option (ESo) to your booking, guests are invited to
AirAsia X is one of the 10 airlines collaborating with Optiontown, an innovative airline service provider headquartered in Massachusetts, USA with branch offices in India and Europe. |
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