Category Archives: Business & Markets

Are you a Winner in this Pandemic?

by Coach K

Founder of Wisdom Woods®️

Some people may take offence at the title of this article, claiming it to be rather unsympathetic towards many people who are not doing so well due to the surrounding circumstances. I would urge you to think otherwise. In fact, I am writing this piece for everyone who may not think one can be a winner, with the hope of turning you into a winner!

First of all, you’d agree with me that there are winners, especially those in the so called ‘right’ industries like e-commerce, healthcare, selected technologies, last-mile deliveries and a few others.  If industry is the only defining factor, why are there businesses within the above-mentioned industries which are not doing just as well?  On the other hand, there are also businesses in other industries that are out-performing the rest, increasing their market values in 2020.  Check out Tesla, China Tourism Group, Fortescue Metals Group and many others.  Nike even recorded their 50-year historical best in their most recent fiscal quarter. 

If you are not convinced that you can be in the same league as the businesses above, let me give you more good news. About a year ago, we would read reports that the world economies will be facing contractions, with the exceptions of China. Fast forward to today, according to the Global Economic Prospects published by the World Bank Group in June 2021, economies are forecasted to enjoy positive growths across the globe. The statistics seem to suggest that we are beginning to kickstart an upward trend. The question now is are we ready to ride the wave of growth?

Source data: The World Bank (June 2021)

So, snap out of it!  Please don’t use the Pandemic as the excuse!  You’ve got to start by believing that you can be a winner! We cannot just hope that everything will just automatically return to normal one day but we do need to believe that the light at the end of the tunnel is in sight. We’ve got to commence actions to adjust our trajectory towards the winning direction. Some might be asking their astrology masters when is the right time? No timing is better that NOW!  

So, what can we do? My friends, that’s another story… 

Saving or Investing Your Money in 2021

by Calvin Goon

Head of Wealth Management, Affin Bank Berhad

Which Strategy Works Best for You?

In early 2020, the Covid-19 pandemic came as a global shock that tore many peoples’ lives asunder and left all of us worried about our finances. During these uncertain times, many would perceive cash as king, holding on to as much of it as possible to play it safe.  

But is this really the best strategy?

In fact, one key indicator of the growing economic uncertainty this year is the fact that Bank Negara Malaysia has recently reduced the Overnight Policy Rate (OPR) by 125 basis points to a record low, a level that was last seen only during the 2008 global financial crisis. This move is one of several aggressive monetary measures, aimed at injecting liquidity back into the economy and thus putting it on the road to recovery. As a result, fixed deposit rates have been lowered at all Malaysian banks.

These developments, together with the undetermined duration of this prolonged pandemic and the adverse effects of a low interest rate environment, may make a person doubt their wealth strategy, which is why having an actual plan for your money has become more crucial than ever.  One way to solidify your wealth involves saving and investing interchangeably, but with key differences; it is important to note that these two instruments serve different purposes.

The Differences Between Saving and Investing:

In a truly solid Wealth Management plan, savings and investments should not be a question of one or the other, but rather a blend to complement each other. If you are a big fan of fixed deposits, you may need to consider diversifying your funds into investments as well in order to let the money work harder for you.  Ultimately, the best strategy involves understanding the characteristics, benefits, and risks of saving and investing.  Subsequently, you should choose the best ratio that combines both to suit your risk tolerance. 

Remember, don’t put everything into one basket!

Oftentimes, the “killer” of your wealth management strategy is not how you invest, but the misconception and myths most people have heard about investments. As such, it is always important for a person to fully understand the risk-reward trade offs before making any commitment to an investment. As risk appetite may vary for different people (clients), it is essential to categorise their individual risk profile into categories: Conservative, Balanced, Growth, and Aggressive to effectively plan a unique investment portfolio. For example, utilising equities as an investment to generate higher potential returns works for a client with an Aggressive risk profile, while utilising bond investments is more suited to a client with a Conservative risk profile. Without exception, recognising the type of risk a client has is of utmost importance for investment portfolio planning, as a client with a lower risk tolerance may not be able to stomach a strategy with higher risk.

If you’re ready to start or improve your wealth management strategy, consider AFFIN INVIKTATM; we are experts in recognising a client’s risk profile and tapping on available investment options to sculpt a portfolio that is best suited to your risk appetite and personal financial aims.

With us, it is always about you, your money and achieving your financial goals.

“Poor people see a dollar as a dollar to trade for something they want right now. Rich people see every dollar as a ‘seed’ that can be planted to earn a hundred more dollars… then replanted to earn thousand more dollars.”   (T. Harv Eker, Secrets of the Millionaire Mind)

Malaysian Property Market Outlook FromPandemic To Endemic

by Kenny Teoh

Managing Director, Hectarworld Group

Prior to the Covid-19 pandemic in 2020, issues such as property price affordability and oversupply are already affecting overall Malaysian property market. The Movement Control Order (MCO) since March 2020 and closed borders due to Covid-19 have inevitably caused uncertain economic outlook, weak business and consumer confidence. As a result, prospective buyers and investors are currently adopting a “wait and see” attitude. All these factors have further exaggerated the overall sluggish Property Market since 2020.

However, the Covid-19 pandemic is expected to be under control by this year-end, supported by our National Vaccination Programme that has been going full force since June 2021. This roll-out of the vaccination programme will surely help speed things up and hopefully allow the country and its people to get back to their new normal lives and restart most business activities that were negatively affected since the beginning of this pandemic. At the time of writing this article, our new Health Minister, Khairy Jamaluddin claimed that 80% of the Malaysian adult population are targeted to be fully vaccinated by end of October 2021 and the country can expect to move from the Covid-19 pandemic into an endemic by then; a phase where we start living with the virus. 

The overall property market is expected to rebound and experience pent-up demand when our lives and business activities are progressively restored by year end. Property market growth depends very much on the country economic growth rate. The historical trend is a testament to this relationship. 

As shown in Figure 1 above, the Asian financial crisis struck our country in 1997 and the market did badly in 1998 at – 9.4% GDP Growth, but recovered almost immediately in 1999 at 6% GDP Growth. Similarly, the Subprime mortgage crisis in 2008 saw the market plunged in 2009 and again positively recovered by 2010 onward. During early 2020, Covid-19 pandemic hit our country and the GDP Growth started to decline at about -0.4% to -0.5% at Q1 2021 and expected to stay sluggish throughout 2021 due to the implementation of Full Movement Control Order (FMCO). Positive recovery is expected in 2022 when new normal is restored and the health crisis is brought under control through herd immunity.  

Regardless, current property market is quite conducive for first time home buyers and property investors due to the low-interest rate regime and “hit rock bottom” property price (as shown in the Figure 1 above) even in some matured locations. In addition, the government’s allocations in the Budget 2021 to revive and ensure the continuity of mega infrastructure projects and the extension of Home Ownership Campaign (HOC 2020-2021) till Dec 2021 would be much needed boosters to the overall property market. 

We will be at the end of the tunnel soon, and we expect the economy to reopen when the country achieves its targetted herd immunity by end of October 2021. Property market will start to rebound by year end and begin its positive recovery in 2022 onwards. 


by Aida Lim Abdullah, CEO of Penang Halal International Sdn Bhd, A State Govt Owned Entity

(CGMA, CIMA, CA, CFP, CSI, BA (Hons) Accounting & Finance (major in law))

Within approximately 45 years, the Global Modern Islamic finance has grown to an asset size of about USD2.5 trillion as reported in 2018, represented by almost 1,500 institutions worldwide (Islamic Finance Development Report 2019), whereas, “The Economic Outlook 2021” report published by the Ministry of Finance (MoF), Malaysia, shows that the Islamic banking industry in Malaysia has a total asset valued at RM1.03 billion and the total outstanding Islamic financing is about RM787.8 billion. 

Islamic Financing is not only for the Muslims.  It is a fast-moving industry, alongside the development of Syariah and Halal business activities.  The Islamic financial system operates with the principles of Shariah law where elements such as usury (riba), ambiguity (gharar) and speculation (maisir) are prohibited.  In this regard, Bank Negara Malaysia (BNM) and the Securities Commission (SC) have prescribed approved Shariah principles that apply to banking, insurance and capital market products in Malaysia; for example:- mudharabah (profit-sharing), murabahah (cost-plus sale) and tawarruq (tripartite sale). 


The fallout from the Covid-19 pandemic and its effects on the world’s economy surpassed that of the global financial crisis in 2008.  The unprecedented Covid-19 crisis created severe uncertainty and struck a dire blow on global economy and international trade.  The negative economic and human impact with far-reaching implications on consumer, corporate, and global trade finance dynamics swept around the globe with lightning speed.

Nevertheless, based on the MoF report, it is expected that Malaysia’s Islamic finance industry is likely to expand further with the continuous promotion of Shariah-compliant products.  As the financial industry and business environment evolves, there are more Shariah-compliant products introduced and are available in the local market for Muslim and non-Muslim investors and businesses.

The Covid-19 pandemic has also created awareness on the use of financial technology offerings in the area of Islamic finance such as Shariah-compliant digital assets, crowdfunding and peer-to-peer financing platforms with a suite of e-Commerce set-ups that offers Halal goods, like those initiated by Penang Halal International with its partners namely, Penang E-Mall@Shopee, Foodpanda, Food4U programme and Penang E-Bazaar@PGMall.

Globally, we are seeing some countries downsizing or even shutting down certain industries and sectors; the economic hardships observed have amplified and spilled over to all.  Those who can work from home mostly have stable incomes, but non-permanent or daily workers are at risk of losing their earnings, particularly in the most affected industries such as property, construction, tourism and service industry.  


One of the important wake-up calls in this pandemic is that many now realise the importance of embracing ethical and hygienic lifestyles, especially in the food chain process from manufacturing, processing to consumption.  As such, it would seem that the Islamic Finance will continue to develop and grow upwards alongside with Syariah, Halalan Toyyiban lifestyle, be it for religion or just an individual choice for ethical and hygienic lifestyle.  There appears to be a bright future for Islamic Finance and Businesses moving forward.

Khee San Showing Sweet Signs To The Market Entering 2021

Khee San Berhad has continued to show positive signs of growth after Dato Dr. Ng Meng Kee became the single largest shareholder since August 2020. Khee San Group in its year end financial report has shown a 125% revenue increase from its 1st half of less than RM3 million monthly sales to almost RM7 million monthly as reported in the 1st Quarter result for FY 2021 .

The surge was partly due to our “active discussion with our distributors and realignment of our granular roadmap in terms of pricing integration” explained by Mr  Edward JP Tan who is currently the CEO of Khee San Berhad.

MR. EDWARD JP TAN (CEO, Khee San Berhad)

He further added that Dato Dr. Ng’s involvement in Khee San has greatly help to stabilised the company’s situation and allow the workforce to re-focus back on doing what they are good at, that is making good candies and selling them.

Khee San Group domestic sales contributes around 40% and remaining 60% revenue is from export market. Vietnam is currently the largest overseas buyer with its Chewy Candies leading the product list.

According to the Edward JP Tan, the ambition of Khee San goes beyond current notable sales traction as this represent the 1st steps of an iterative and continuous improving process . At the same time , the group is also undertaking a strategic priorities to restructure the on -going litigation case among all Creditors and would be proposing a viable Regularisation Plan in due course.

New Packaging for FRUIT PLUS CHEWY CANDY by Khee San
New Packaging for FRUIT PLUS CHEWY CANDY by Khee San

New Packaging for FRUIT PLUS CHEWY CANDY by Khee San


Home grown premier jewelry brand Aurora Italia International Berhad was the latest to join the LEAP Market of Bursa Malaysia Securities Berhad. Speaking to the press after the celebration, Managing Director Datin Wira Yvonne Lim announced that the company plans to expand its online stores to drive growth in 2021 and beyond by focusing on diversifying its points of sales. 

“The Covid-19 pandemic has resulted in e-commerce businesses generating increased sales as people shift their spending habits towards online platforms. We saw an increase in online shopping for products including jewellery products during the movement control order,” she added. 

AURORA ITALIA’s range of jewellery comprises 18k yellow gold, white gold and rose gold charms, bracelets, earrings and bangles. Currently the Aurora Italia brand has penetrated seven countries including Malaysia, USA, United Kingdom, Indonesia, Hong Kong, Middle East (Dubai, Iran, Qatar) and Singapore.

The listing ceremony saw Dato Wira Louise Ng with other Company’s Board of Directors hitting the gong to commemorate this milestone. 

Digital Technology Giants Join Forces To Empower The Future Of Banking

We are confident we will provide meaningful access, efficiency and convenience for digital banking consumers.”
– Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group

MACROKIOSK and Silverlake have joined forces to empower the emerging digital banking industry in the Asia Pacific region. This collaboration brings together the proven robust digital solutions and respective capabilities of MACROKIOSK and Silverlake to support virtual banks in

driving the success of digital banking in emerging economies. The partnership between MACROKIOSK and Silverlake will play a vital role in pioneering connectivity and facilitating virtual banks with their digital offerings.

As Asia’s leading digital technology company, MACROKIOSK’s key focus is in the areas of Communication, Authentication, Engagement and Payment delivered through its in-house developed BOLD. suite of digital solutions which are scalable, secure and highly adaptable. 

“MACROKIOSK powers over 40 financial institutions in 14 countries across Asia Pacific. Our BOLD. solutions are future-ready to meet the demands of virtual banks and together with Silverlake, we are confident we will provide meaningful access, efficiency and convenience for digital banking consumers,” says Dato’ Henry Goh, Co-Founder and Chief Operating Officer, MACROKIOSK Group. 

The collaboration between MACROKIOSK and Silverlake is poised to create a strong partner ecosystem across technologies in their respective areas of expertise, which enable virtual banks to leverage advanced solutions to stay ahead of competition and expand their foothold in the digital banking landscape. 

Sealing A Sweet Investment

It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track.”
– Dato’ Dr. Nick Ng Mk, Chairman of Mega Fortris Group

After several failed attempts to revive Khee San Bhd, Founder and Chairman of Mega Fortris (M) Sdn. Bhd. Dato Dr. Nick Ng decided to step in and save this company that was recently classified under PN17 category. Dato Ng has been steadily buying shares from the open market since Decenmber 2019 and currently owns over 17 million shares or almost 15% in Khee San making him the single largest shareholder according to recent Malaysia stock exchange filing. 

“Khee San is the first candy company in Malaysia and it has very good products selling in Malaysia and around the world, it is important to preserve a Malaysia brand and these sweets does bring back my childhood memories” says  Dato Nick with a smile. He further continued by saying, “It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track”. 

Dato Ng remained tight lip on who will be the other investors joining this shareholders’ rescue exercise but assured the public that there are several big names with very good proposals on the table. 


After a decade in Malaysia and enduring a year of the Covid-19 crisis, Japanese global apparel retailer Uniqlo will be launching its first roadside, community-based store in DA Square @ Damansara Avenue, Bandar Sri Damansara. According to Uniqlo Malaysia and Singapore CEO Yuki Yamada, this new roadside concept marks the company’s continuous expansion in Malaysia that will complement the existing network of mall-based stores. Uniqlo’s first roadside store in Japan opened in 1985. Malaysia will be the fifth country to have such a concept store after South Korea, Taiwan, Thailand and the Philippines. 

Real Estate Giants Join Forces

APAC Realty Limited (APAC) is charting new frontiers by establishing ERA Malaysia in partnership with New Bob Realty Sdn Bhd, one of the country’s oldest real estate agencies. Chief Executive Officer Dato’ Seri Dr. Lee Ville, who has over 17 years of experience in the real estate industry will be spearheading the operations of ERA Malaysia. 

Under this new partnership, ERA Malaysia will be able to tap into one of the largest real estate networks in Asia. Headquartered in Singapore, ERA Asia Pacific has a vast network of offices throughout the Asia Pacific region spanning over 650 offices in 9 other countries: Cambodia, China, Indonesia, Japan, Korea, Malaysia, Thailand, Taiwan and Vietnam. 

APAC is one of the leading regional players who has been setting and redefining industry standards through the pioneering of real estate concepts, technologies, initiatives and services. New Bob Realty Sdn Bhd was established in 1959 and is currently headed by Dato’ Leslie Lee and Datin Neoh Guan Eng.