Page 4 - Devanesan Evanson News Today : Breaking News, Live Updates & Top Stories | Vimarsana

THE third Capital Market Masterplan (CMP3) unveiled by the Securities Commission Malaysia (SC) last Tuesday highlights the importance of strategic thrusts that focus on catalysing competitive growth, empowering investors for a better future and shaping a stakeholder economy, while embedding shared accountability, prioritising efficiency and outcomes, and embracing technology. Although not new, here are three main issues that are worth highlighting so that a thriving capital market can be established in the next five years.

Greater emphasis on board appointments in revised corporate governance code The Edge 12/5/2021 Supriya Surendran © Provided by The Edge THE Securities Commission ­Malaysia’s (SC) latest update of the Malaysian Code on Corporate Governance (MCCG) places greater emphasis on good corporate governance and board leadership, especially as companies navigate a prolonged post-pandemic recovery period. For one, the MCCG addresses issues relating to the reappointment of long-serving independent directors, which remain a concern. As at March 31, 434 independent directors serving o...

Easy access: The depressed share prices of public-listed companies due to Covid-19 have technically helped make it easier to carry out M&As. RECENT privatisation attempts which have failed to be completed have raised the issue of whether Malaysia’s takeover code is in need of a revamp. It is understood that some company owners and advisers have been grumbling about the strictness of the current rules. Their argument is that the rules ought to be relooked at considering that the current climate needs more merger and acquisition (M&A) activities to build stronger companies to emerge from the ...

PETALING JAYA: The pace of mergers and acquisitions (M&As) in Malaysia, which has been affected by the Covid-19 pandemic, is expected to gain momentum going into the second half of the year. According to experts from professional services firms, the positive momentum is expected to be supported by low interest rates, accommodating capital markets and ample private capital environment. Although the number of M&A deals in the country may not be as high as in 2019, it is expected to pick up steam this year. Experts also opined that the M&A landscape could return to the pre-Covid 19 pandemic leve...

IN 2019, Lembaga Tabung Angkatan Tentera (LTAT) set a goal to reduce its heavy dependence on dividend income from the listed Boustead group of companies as part of its plan to rebalance its investment portfolio. Two years on, it seems no closer to realising that goal after it aborted its plan to take Boustead Holdings Bhd private last week. The proposed privatisation was mooted by LTAT last May in what was seen as an important step for the armed forces pension fund to support the potential restructuring of the loss-making diversified conglomerate’s businesses away from the scrutiny of publi...