Download Financial Planning and Risk Management Seminar

Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
Rev No: 1
Effective Date: 15-08-2016
Page No: 1 of 1
Centre for Community Outreach (CCO)
Event Report Form
Community Project Name: Seminar: Financial Planning and Risk Management Seminar
Date
: 26th of October 2016
Time
: 9.15AM – 3.30PM
Venue : KAG01, KA Block
Number of student involved
: NA
Number of community involved
: 48
Description of the event:
Morning Session: Financial Planning
9:15AM - 9:45am
Title: Financial Planning Process
Speaker: Ms.Chung Chay Yoke (Shirley)
10.00AM -12.15 noon
Title: Entering the Workforce
Keynote speaker: Ms.Janice Lee, AKPK (Agensi Kaunseling dan Pengurusan Kredit,
BNM or Counselling Agency and Credit Management, Central Bank of Malaysia)
Afternoon Session: Risk Management
2:00PM - 2:30PM
Title: The Effects of Critical Success Factors in Implementing Global Value Chains: A
case of Small and Medium Enterprises in Malaysia
Presenters: Ms.Ooi Bee Chen (Crystal) and Ms.Tiong Kui Ming
2.30PM - 3.00PM
Title: Factors Affecting Life Insurance Consumption
Presenter: Ms.Lee Hui Shan
3.00PM - 3.30PM
Title: Green Bond and Shareholders’ Wealth: A Multi-Country Event Study
Presenter: Ms.Siti Nurhidayah
Participants for morning session:
Event report
CCO Forms
Jan 2015
Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
Rev No: 1
Effective Date: 15-08-2016
Page No: 1 of 1
What was the seminar about?
 To deliver the awareness and importance of financial planning process as well as
the risk management tools and techniques for all stakeholders and business
entities, recognizing the financial and operational risk faced by Malaysian
businesses in the current fast-changing, unpredictable global business
environment.
 Also, recognizing the current bankruptcy trends, forces, techniques and
strategies used to mitigate various types of risk for individual and for business
sustainability by large.
Memorable Information and Knowledge Delivery:
(a)
Presentation Title: Financial Planning Process
Speaker: Ms.Chung Chay Yoke (Shirley)
Survey conducted by Asian Institute of Finance (AIF) in 2015, 38% of Gen Ys are
living in high cost of borrowing, while 47% are engaged in expensive credit card
borrowings. Malaysians have the most debt borrowing in Asia.
Financial Planning views as a long term sustainable strategy for each individual,
aims to secure a safe and sound financial future, considering all the aspects of
personal financial situation and risk tolerance levels.
Common types of financial planning: Purchasing long-term fixed assets (cars,
home, properties), financing own or child’s education, financing for own
retirement, creating inheritance for beneficiaries (estate planning), establishing
‘Financial safety net’ to shelter against unexpected expenses, disasters or
changes in life-style.
Basic steps involved in financial planning process:
1. Setting financial goals – setting short, medium and long term plans, rank the
personal goals and objectives based on priorities and constraints;
2. Determining your current financial situation – calculate the net worth of assets
holding;
3. Calculate your monthly budget – determine the sources of active and passive
income, written down all the expenses, review and update personal budget
frequently;
4. Saving your money – cultivate saving habits, save money gradually, avoid
non-essential spending, insured properly via health or medical insurance, life
insurance, general insurance (motor, personal accidents, etc.);
5. Investing your money and constructing an investment portfolio – invest in short
term (saving account, fixed deposits) or long term (stocks, bonds, mutual funds
or unit trusts, real estate) based on personal financial goals and risk preferences;
6. Comparing, verifying the information accuracy before making any financial
decisions – estimating the overall budget by incorporating all the costs, taxes,
fees, maintenance fees, down payments, repayments and other concern such as
saved methods, holding power, worst case scenario, and time horizon in
investing. Always spend times for thinking before investing.
Be more cautions with the use of credit facilities. Avoid overused of credit cards
which may incur a higher financing charges. Paying off high-interest debt at
Event report
CCO Forms
Jan 2015
Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
-
Rev No: 1
Effective Date: 15-08-2016
Page No: 1 of 1
soonest possible. Clear off the bad records in CCRIS/CTOS, at least 12 months
before getting a housing loan.
Seek for advice when necessary from the counseling agency such as AKPK, or
the banks. Seeking for more opinions to restructure your loans and searching for
other refinancing facilities.
(b)
Presentation Title: Entering the Workforce
Keynote speaker: Ms.Janice Lee, from AKPK (Agensi Kaunseling dan
Pengurusan Kredit, BNM or Counselling Agency and Credit Management, Central
Bank of Malaysia)
Facts and statistics shown from bankruptcy notice – (estimate) 89 filed petition
and 72 citizen are declared bankrupt on each day in 2014. 130,772 bankruptcy
cases are reported from the year 2007 until April, 2014. Major bankruptcy cases
in 2014 are attributed mostly from the car loans (26.69%), followed by the
housing loans (17.95%) and personal loans (15.91%), and mostly attributable to
male (about 70%) and youngsters (age 25 to 34, article from TheStar newspaper:
Becoming bankrupt before 35).
Importance of savings and cash flow management: Identifying the sources of
both active and passive income. Realizing personal spending patterns or issues
from fixed, variable and other discretionary expenses. Preparing the cash
budget in more frequent and efficient manner, advisable to prepare and monitor
personal weekly budget and expenses. Enforcement of ‘save first before you
spend’, make savings a personal challenge and cultivating a good saving habit
like small ants.
Importance of insurance protection and planning for uncertainties.
The
significance of insurance (health or medical insurance, life insurance, general
insurance - motor, personal accidents, etc.) or Takaful (Family Takaful, General
Takaful) as a mechanism that helps to reduce the impact and effect of adverse
situations.
Recognizing high risks taking will compensate with higher returns from the
Investment Pyramid and risk preferences (most liquid and lowest risk: Cash
Holdings; least liquid and highest risk: Shares and derivative instruments). Get
rid of the “Get Rich Quick’ Scheme and verifying other financial scams from
BNMLink, Securities Commission Malaysia and Ministry of Domestic Trade, Cooperatives and Consumerism.
Acknowledge the rules of borrowing: (a) for productive purpose only; (b) within
your means; and (c) with a moral commitment. Tracking the borrowing, loans,
minimum payment warning, and other credit records from the personal CCRIS
and CTOS reports. Assessing the Debt to Income ratio and sustain the general
rule that this ratio should not be more than 40% for each individual.
Acknowledge the risks and responsibilities of being a guarantor.
Recognizing the jurisdiction and usual recovery procedures taken by banks (the
largest Financial Institution) prior the bankruptcy action and declaration.
Recognizing the disqualifications of a bankrupt.
Event report
CCO Forms
Jan 2015
Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
-
-
Rev No: 1
Effective Date: 15-08-2016
Page No: 1 of 1
Illustrating the Hire Purchase Installment calculation, differentiate the flat interest
rate and effective interest rate calculation (reducing balance method). Double
checking on the early settlement and emphasizing an ideal monthly installment
and monthly interest paid calculation.
Acknowledge the significant role of AKPK in providing free services on (a)
financial education; (b) counseling; and (c) debts management.
(c)
Presentation Title: The Effects of Critical Success Factors in Implementing
Global Value Chains: A case of Small and Medium Enterprises in Malaysia
Presenters: Ms.Ooi Bee Chen (Crystal) and Ms.Tiong Kui Ming
Increasing trend of regionalism in globalizing world. The SMEs as the engines of
GDP and economic growth are heavily influenced by the increasing trend of
regionalism and free trade agreements (FTAs).
With the fact that production processes of many industries have been sustainably
fragmented and moved around on a global scale, the term of “Global Value
chains (GVCs)” emerged significantly serving as the backbone of the world’s
economy.
Participation of Malaysian SMEs towards global value chains (GVCs) remains
relatively low despite of the positive performance of SMEs in recent years.
Proposed study will investigate the critical success factors (CSFs) of Malaysia’s
SMEs at the recent years (particularly on capability and competitiveness,
exposure on international business, ease of access to resources, and other
macro conditions) in relation to the adoption and implementation of global value
chains (GVCs). Need of study on how Malaysian SMEs could significantly
exploit GVCs opportunities to sustain their regional competiveness in global
arena.
Proposed study will be targeted on 200 SMEs (in manufacturing sector) across
Klang Valley (Selangor state and Kuala Lumpur Federal Territory). Successful
implementation of GVCs will represent the business performance of SMEs. The
specified four drivers of critical success factors (CSFs) on the other hand will be
used to examine the business performance of SMEs which indicated by GVCs.
Findings and insights from the proposed study could significantly enhance the
SMEs’ sustainability and competitiveness in globalizing world, particularly with
the adoption and implementation of GVCs. Also, providing a better frame in
policy formulation to encourage wide participation of SMEs in GVC which may
contribute to higher level of national gross domestic product and economic
growth.
(d)
Presentation Title: Factors Affecting Life Insurance Consumption
Presenter: Ms.Lee Hui Shan
Increasing demand for financial services in Asian countries, such as banking and
insurance.
Event report
CCO Forms
Jan 2015
Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
-
-
-
-
Rev No: 1
Effective Date: 15-08-2016
Page No: 1 of 1
Life insurance consumption increases in ASEAN countries. 7 countries out of 10
ASEAN countries shown positive change in the life insurance premium volume in
relation to the GDP (%) from 1997 to 2010.
Investigation on the economic (GDP, inflation, real interest rate, urbanization)
and demographics factors (youth, life, secondary education, tertiary education) in
influencing life insurance consumption in selected ASEAN countries from 1990 to
2013 (Malaysia, Thailand, Philippines and Indonesia), excluding ASEAN
economies with negative growth and low insurance penetration.
GDP (economic) shown positive and significant influence on life insurance
consumption, indicating a rise on income per capita will lead to an increase
awareness of insurance protection towards a better social well-being, creating a
sustainable customer-centric approach across developing ASEAN economies.
Negative influence on youth and tertiary education (demographics) towards the
life insurance consumption indicating the lack of awareness and exposure on
insurance protection among the youth across developing ASEAN economies.
(e)
Presentation Title: Green Bond and Shareholders’ Wealth: A Multi-Country
Event Study
Presenter: Ms.Siti Nurhidayah
Increasing trend of Green Bond market in which the proceeds from the Green
Bond issuance will be used in financing environmentally friendly based projects
and activities, aims to promote a sustainable future from the use renewable
energy and improving the quality life of society by large.
Background of Green Bond Market establishment and the statistics of current
growth rate.
Socially Responsible Investments (SRI) do affect the firms’ long-term
performance.
Adoption of event study methodologies and World Market Model in investigating
multi-country samples (Brazil, France, Britain, Sweden, United States, and
Denmark. Analyzing 118 announcements covering the periods from June 2010
until June 2015. The estimation window covers 250 trading days ending 10 days
before each announcement date.
Positive outcomes from analysis and significant market reactions at the
beginning of announcement until a day after the announcement, indicating
shareholders are sustainably return-sensitive about the worth of their future
investments.
Event report
CCO Forms
Jan 2015
Universiti Tunku Abdul Rahman
Form Title : Event Report Form for Centre for Community Outreach
Form Number : FM-DSSC-CCO-018
Rev No: 1
Effective Date: 15-08-2016
Submitted by,
_____________
Signature
Name: Falahat
Contact number: 0172267717
Email: [email protected]
Designation: Chairperson
Faculty/Division/Centre/Department: Centre for Sustainable Development and Corporate Social
Responsibility in Business (CSDCSR)
Event report
CCO Forms
Jan 2015
Page No: 1 of 1