Celebrating top accounting talent

 

• The Star Malaysia
• 7 Aug 2025
• For more details about the MICPA x CA ANZ qualifying programme, call +603-2698 9622 or email micpa@micpa.com.my or visit www.micpacaanz.com

The ‘Most Outstanding MICPa student award’ recipients (from left) Walker, Muhammad Naif and hu, are pictured with MICPa president soo right).

THE Malaysian Institute of Certified Public Accountants (MICPA) and Chartered Accountants Australia and New Zealand (CA ANZ) celebrated their candidates and graduates at the recent Excellence Awards 2025 event held on July 5.

These dynamic individuals deserved the recognition and honour given for obtaining top scores in various subjects, and for successfully completing the MICPA x CA ANZ Qualifying Programme.

This joint professional accountancy programme provides its graduates with a dual qualification from two highly prestigious bodies from Malaysia, Australia and New Zealand, as well as access to the Global Accounting Alliance (GAA) – a passport which will come in very handy for a global career in accountancy.

The programme was revamped in 2022 to evolve with industry needs which place an emphasis on ethics, technology, data analytics and sustainability.

Assessments are not purely exam-based, but rather include a mixture of coursework and workshops to provide an interesting, interactive and collaborative learning experience which develops analytical thinking and application skills to prepare aspiring professionals for the workplace.

This year, the Risk and Technology subject was updated to Risk, Technology and Artificial Intelligence (AI) to ensure candidates gain knowledge of this emerging trend.

The Business Performance subject was also revised to Strategy and Business Performance to equip candidates with skills needed to guide an organisation’s strategic decisions.

Proud family members, employers, funders and friends were amongst those present to show their support for all 202 individuals who were recognised for their achievements that day.

MICPA president Soo Hoo Khoon Yean and CA ANZ Malaysia regional council chair Lee Chin Hon, presented the coveted gold medals and awards to prize winners.

The MICPA x CA ANZ Qualifying Programme also celebrated 112 graduates who completed the programme in Terms 1 to 4 in 2024 and were presented with their completion certificates.

A total of 14 gold medals were presented to candidates who had obtained the top scores in the 2024 examinations.

The gold medals were sponsored by approved training employers who provide the necessary mentored practical experience to MICPA x CA ANZ candidates before they fully qualify as certified public accountants and chartered accountants.

Representatives from BDO, Deloitte, EY, Folks DFK, KHR, KPMG and PwC were also present to give out the coveted awards.

The highlight of the day was the “Most Outstanding MICPA Student Award”. This accolade is awarded to the top three candidates who recently completed the MICPA x CA ANZ professional examinations.

Nigel Ames Walker – a Bachelor of Business and Commerce graduate from Monash University Malaysia – emerged as the Gold winner of this prestigious honour.

Walker, who is now attached to BDO, started his MICPA x CA ANZ journey as a MICPA Educational Trust Fund Scholar, and received the Gold Medal for Data Analytics and Insights last year.

The silver award went to Muhammad Naif Mat Zain, who began his MICPA x CA ANZ journey under the sponsorship of Yayasan Peneraju after completing a Bachelor of Commerce (Accounting and Finance) at the University of Melbourne, Australia. He is currently attached to PETRONAS.

Bronze winner Emily Hu Yi Hui, a Monash University Business and Commerce graduate, began her career at EY while pursuing the MICPA x CA ANZ Qualifying Programme.

Hu, currently attached to a well-established government linked company in Sarawak, also took home two Gold medals and four certificates of merit for various subjects over the course of her study.

The ceremony this year also saw three deserving graduates win the MICPA Educational Trust Fund Scholarship awards – Ng Ying Shuen (Monash University Malaysia), Eason Yip Chun Fai (TAR UMT) and Nur Izzah Inshirah Azmi Nassaruddin (UiTM Puncak Alam).

All three of them are now pursuing the programme on a full-time basis. Nur Izzah was awarded best accounting graduate from University Teknologi MARA (UiTM) under the Malaysian Institute of Accountants (MIA) National Accounting Student Excellence Award 2024.

Article Name:Celebrating top accounting talent

Publication:The Star Malaysia

Author:For more details about the MICPA x CA ANZ qualifying programme, call +603-2698 9622 or email micpa@micpa.com.my or visit www.micpacaanz.com

US revises tariff rate to 19%

 

 However, nation must urgently diversify its export destinations

PETALING JAYA: Malaysia’s revised tariff rate of 19% on exports to the United States offers a temporary competitive edge in the region but underscores the urgency for export diversification amid signs of growing US protectionism, economists warn.

Prof Emeritus Dr Barjoyai Bardai said the revised rate, down from 25% previously, positions Malaysia on par with neighbou­ring countries such as Thailand, Indonesia, Cambodia and the Philippines.

ALSO READ: Malaysian industries can breathe easier now

He said the rate is still more favourable than those imposed on Myanmar (40%), Vietnam (20%) and Taiwan (20%).

“We seem to be able to compete with our neighbouring countries. But we are far behind Singapore at 10%, as well as Japan and South Korea at 15%.

“With India at 25%, we are in a better position,” he said when contacted. What we really want to see is that the tariff imposed on Malaysia is as low or better than that of countries that are our competitors because we are exporting to the United States.

“So, if those countries have equal or higher tariffs than us, then our ability to compete remains intact,” he added.

However, he said that certain Malaysian exports may be vulnerable, especially low-­margin products such as solar panels, and electrical and electronic goods.

On the trade balance with the US, he said it depends on whether Malaysian imports from the US increase significantly, especially luxury goods, following the government’s decision to scrap the luxury tax.

“Although the luxury tax has been included in the expanded SST, the rate is still low,” he added.

He said Malaysia must urgently diversify its export destinations, as the US moves towards a more self-sufficient economy.

Barjoyai said semiconductors should be directed to countries with growing demand, such as China, India and Europe.

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For other items like solar panels, he said Malaysia should consider Latin America, Canada and Europe.

“There are still many untapped markets. In the long run, the United States will become a domestic-driven economy where they will seek to reduce imports.

“Today, they are already about 80% self-sustaining,” he added.

Echoing similar concerns, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the tariff adjustment signals that the United States remains open to dialogue, but the economic implications for Malaysia remain.

“As a result of recent discussions, the previously imposed retaliatory tariffs of 25% have now been reduced to 19%.

“Consequently, the negative impact on Malaysia’s economy is expected to be slightly mitigated.

“In this regard, Bank Negara has revised its GDP forecast for 2025 to a range of 4.0% to 4.8%, down from the earlier projection of 4.5% to 5.5%,” he said.

Afzanizam also highlighted the potential global impact of US ta­riffs.

“The 19% import tariff is expected to impact American consumers’ purchasing power.

“This may, in turn, dampen economic momentum in the US, which is the world’s largest econo­my. It poses a potential risk to glo­bal economic growth in the coming years,” Afzanizam said.

He also called for a balanced approach to foreign relations and economic strategy.

“It is crucial to preserve strong bilateral ties with the United States, while simultaneously exploring new opportunities with countries in Europe, the BRICS bloc, and strengthening economic and diplomatic cooperation within Asean.

“At the same time, efforts to boost productivity, build capacity and enhance economic resilience must be intensified to safeguard Malaysia’s economic sovereignty.

“These measures will reinforce investor and business confidence, underpinned by pragmatic policies and the government’s proactive response to emerging challenges,” he added.

Centre for Market Education chief executive officer Carmelo Ferlito, meanwhile, said the tariff revision reflects a political strategy rather than a pure economic measure.

“The reciprocal tariff on Malay­sia to 19% is the proof of what I have mentioned earlier,” he said, adding that US President Donald Trump was not interested in ta­riffs per se, but to reopen negotiating tables.

He said this is to show that the United States is the biggest consumer in the world and force countries to get closer to the United States as well as grant commercial facilitations.

Ferlito criticised the use of ta­riffs as a policy tool, arguing that they hurt both consumers and workers.

“Tariffs are bad, not just for Malaysia, but for the world,” he said, adding that ultimately, ta­riffs reduce trade opportunities.

“This means less choice for consumers, but also job losses, on both sides,” he added.

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BE LABEL-SAVVY TO STAY HEALTHY for organic food among health-conscious consumers

PETALING JAYA: The multi-billion-­ringgit global organic food and beverage market is expected to grow more by 2030, according to market research firm Grand View Research.

For Malaysia, there is a growing appetite for organic food among health-conscious consumers.

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But how do people know whether the “organic” foodstuff they buy are truly organic?

An important source is the myOrganic sticker that is usually found on the packaging of organic foodstuff sold at shops.

The myOrganic certification scheme is used to promote, implement and facilitate the adoption of organic agriculture, explains Agriculture Department (DOA) director-general Datuk Nor Sam Alwi.

“This certification scheme covers various organic activities, including fresh produce farming, beekeeping, the breeding of organic plant varieties and wild harvesting.

ALSO READ: Verifying food markers not quite an organic process

“The Malaysian Organic Certification Scheme is now known as myOrganic,” she said in in a statement to The Star.

To safeguard the authenticity of certified organic products, the regulation of organic items is primarily governed under the Food Act 1983 and Food Regulations 1985, overseen by the Health Ministry, she added.

The Agriculture and Food Security Ministry has also registered the myOrganic certification logo with the Intellectual Property Corporation of Malaysia (MyIPO) as a legitimate trademark.

“If the DOA receives complaints about the misuse of this logo, the matter will be referred to the Domestic Trade and Cost of Living Ministry for further investigation.

“In cases where fraud is confirmed, the offending company may be prosecuted under the Trademarks Act 2019,” she said.

Upon conviction, offenders may face a fine of up to RM10,000 per item bearing the misused trademark, imprisonment of up to three years or both.

ALSO READ: How bugs help you spot organic durians

Nor Sam said the department has issued guidelines to certificate holders outlining the terms and conditions for the use of the myOrganic logo.

“However, we also rely on the cooperation of consumers to address the risks of fraud and logo misuse by lodging complaints where appropriate.

“Matters related to processing, repackaging or importation of organic products fall strictly under the jurisdiction of the Health Ministry,” she said.

To create awareness, the department is actively carrying out promotional activities targeting consumers through physical events and social media platforms, as well as by engaging with local organic associations.

“These initiatives focus on promoting Good Agricultural Prac­tices (GAP), highlighting the importance of recognising the myOrganic logo, encouraging the purchase of certified farm produce.

“Additionally, consumers can verify the validity of organic certification by visiting the DOA website at www.doa.gov.my under the list of certified recipients,” she said.

Dr Juju Nakasha Jaafar, senior lecturer at the Faculty of Agri­culture at Universiti Putra Malay­sia, said there has been confusion on the authenticity of organic products.

“For example, a seller might claim he is selling pesticide-free or chemical-free vegetables, which gives consumers the impression that the products are organic.

“In reality, these vegetables may be free from chemical pesticides but are still grown using chemical fertilisers and thus do not qualify as organic,” she said.

“For vegetables to be certified as organic, all input must be completely natural.

“This includes compost fertilisers, organic pesticides and non-genetically modified organism seeds.”

These are outlined in the myOrganic certification guidelines.

“Consumers can look for the myOrganic logo on vegetable products to ensure they are truly organic.

“The DOA strictly regulates this certification,” she said, adding that more details can be found on the DOA website.

Federation of Malaysian Consumers Associations (Fomca) secretary-general Dr Saravanan Thambirajah said traders must verify the certification documents provided by suppliers before selling or labelling any product as organic.

“They should only use the term ‘organic’ when backed by certification,” he said.

Saravanan said consumers should look for official certification logos on packaging and not rely solely on general claims like ‘natural’.

“If you suspect a product is being falsely marketed as organic, you should report it to the Domestic Trade and Cost of Living Ministry or lodge a complaint with Fomca,” he added.--

By KHOO GEK SAN, DIVYA THERESA RAVI and RAGANANTHINI VETHASALAM

https://www.thestar.com.my/news/nation/2025/07/12/be-label-savvy-to-stay-healthy

Govt urged to intervene as new US tariff brings jitters for businesses

 

Trying times: The tariff would significantly impact manufactures like those in Bayan Lepas, Penang. — CHAN BOON KAI/The Star

JOHOR BARU: The 25% tariff imposed by the United States on Malaysia has sent jitters through the manufacturing sector, with many warning of cancelled orders and a potential wave of business closures.

The furniture industry, for one, fears losing business to Vietnam, which faces a 20% tariff, while some other industries are even thinking of relocating.

Malaysian Furniture Council president Desmond Tan said Vietnam, Malaysia’s closest competitor in the global furniture market, produced a similar range of products and targets the same export destinations – especially the United States.

The tariff for Vietnam was reduced to 20% from the original 46%.

“Since the announcement was only made yesterday (Tuesday), it is still too early to gauge the full extent of its impact on order volumes but the council will continue to monitor developments closely,” he said.

Tan said the industry was also being squeezed by rising costs on the domestic front.

“These include the expanded Sales and Service Tax (SST), which now imposes a 5% tax on raw materials and directly drives up production costs. We also face higher labour expenses with the new minimum wage,” he added.

The new Employees Provident Fund contributions for foreign workers would add further strain while fuel and electricity prices had also gone up, he said.

The council is now urging Putrajaya to commence urgent talks with the United States to negotiate a reduction of the tariff.

He also appealed for a rethink on the new taxes and price hikes to lower production costs, and for export incentives to protect jobs.

The United States accounts for 60% of the country’s total furniture exports, totalling RM2.039bil in just the first four months of the year.

Malaysia also exports furniture to Singapore, Australia, Japan and the United Kingdom, among others.

Muar Furniture Association president Steve Ong said the new tariff was a major blow, as Muar supplied more than RM4bil worth of furniture to the United States in 2024.

It made up 67% of Malaysia’s total furniture exports there, he said.

“The 25% tariff will likely lead to clients cancelling orders and local manufacturers scrambling to stay afloat. This is an urgent crisis,” Ong said.

Another industry player urged the government to act swiftly.

“If nothing is done, a globally competitive industry like ours could shrink or even collapse,” said Goh Song Huang.

“At a time like this, we need clear, steady policies and a government that understands and responds to the real pressures we face.”

In Penang, local industries are bracing for reduced demand with some considering relocation.

“Companies in Malaysia may be forced to shift parts of their production to countries with lower tariffs,” said Malaysia Semiconductor Industry Association (MSIA) president Datuk Seri Wong Siew Hai, adding that higher prices driven by import tariffs tend to suppress global demand.

“When the cost of imported goods rises, demand naturally falls. In the end, everyone along the supply chain, especially buyers of raw materials, will be affected,” he said.

Earlier, it was reported that semiconductor exports would be exempt from the tariffs but it is unclear whether exemptions will remain under the new tariff regime.

“Vietnam’s tariff is at 20%, which gives them a pricing advantage. US buyers may look for cheaper alternatives, putting Malaysian exporters at a disadvantage,” he said.

Federation of Malaysian Manufacturing (FMM) Penang chapter chairman Datuk Seri Lee Teong Li said the 25% tariff would significantly impact exporters to the US.

“It’s a substantial amount. For local manufacturers shipping to the US, it will reduce profit margins. Costs will rise, and customers may start sourcing from other suppliers.

“Even when the 24% tariff was announced in April, it was already a heavy blow. We had hoped for a reduction, not an increase,” he said.

He noted that for now, the strategy was to ship out as much as possible before the Aug 1 deadline.

Meanwhile, the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is urging the government to temporarily lower the expanded SST to 4% to ease the financial burden on businesses and preserve Malaysia’s competitive edge.

Its president Datuk Ng Yih Pyng said the government should reduce the expanded SST rate from the current 6%-8% for the first two years of implementation.

He said businesses, already grappling with higher operational costs driven by multiple government-imposed measures, would now have to face the the tariff headwinds and global uncertainties as well.

Source link https://www.thestar.com.my/news/nation/2025/07/10/govt-urged-to-intervene-as-new-us-tariff-brings-jitters-for-businesses

Powering down to keep the lights on

 

Sigh of relief: Habsah showing her electricity bill at her house in Gertak Sanggul. — LIM BENG TATT/The Star

Many using less electricity as new tariffs loom

PETALING JAYA: Many consumers are taking steps to manage their electricity bills with the implementation of the new tariff structure by the government.

For example, many homeowners are considering having solar photo­voltaic (PV) systems installed on their roofs, while others are looking at the “Time of Use” scheme, which offers lower rates during off-peak hours, now defined as starting from 10pm to 2pm on weekdays, and the entire day on weekends.

Under the new tariff announced by the Energy Commission, domes­tic consumers using less than 1,000kWh (kilowatt-hours) per month will also continue to enjoy subsidies, effective yesterday.

ALSO READ: Brace for price hikes across the board, consumers told

In Johor Baru, sales operations executive Ereena Karen Lim Abdullah, 47, and her husband are thinking about rooftop PV.

“My husband and I are thinking of installing solar panels, but we are unsure whether it is possible to do so at our apartment,” she said, adding that she would raise the matter with the building management soon.

“I used to pay around RM100 for electricity monthly but it had crept up to RM150 even though it is just me and my husband living in our apartment without much changes to our routine.”

ALSO READ: ‘We may have no choice but to hike prices’

Events planning manager Evelyn Lee, 34, said she was hoping to apply for the newly expanded Time of Use (ToU) tariff as soon as possible since it matches her lifestyle.

“My husband and I are seldom at home during the day, so it’s perfect for us since we are typically home only by 10pm.

“We also like to spend our weekends at home together, just relaxing with our dogs with the air conditioning on, so it makes sense,” said Lee, who lives in Puchong.

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In Seremban, Tong Sim Old Folks Home secretary Jessie Chan said they had already been cutting back usage before the new tariffs.

“The 18 elderly and special needs folks at the centre have been told to cut down (on their use), resulting in our monthly bill going down slightly from the over RM400 previously,” she said.

Ramesh Patel, who runs the Vivekananda Home in Rembau, has also told the children under his care to start conserving.

“We went from switching on four lights throughout the night previously, to only one now to further reduce the monthly bill which totals about RM800.”

Retiree N. Manimaran from Perak said he would start consolidating his chores.

“We now do the laundry only once every two days, while clothes are ironed once per week. I’m also cutting down the hours the air conditioner is on from six to four,” said the 67-year-old.

Father-of-four Wan Fahmi Ahmad said getting his household to change their habits would be difficult as they do not know how the new tariff structure would affect their bill.

“We are used to using around 1,500kWh to 2,000kWh, and paying over RM1,000 every month, so convincing them will be hard, especially if our bill increases only by a small amount,” the 51-year old pilot said.

Wan Fahmi, who lives in Putrajaya, added that he would consider the ToU scheme if his bill spiked significantly.

Likewise, Halimatul Abdul Adib, 42, is also adopting a wait-and-see stance.

“I don’t think I will see any significant rise in my bill, though I will wait for a few billing cycles so I can make a better comparison before doing anything.”

In George Town, pensioner Habsah Sulaiman, 70, said the new tariff helped her family.

“I usually use under 300kWh a month or an average of RM150, so it is good that the government is keeping the subsidy,” said Habsah, who lives with her son and his family, including three children.

Technician Kevin Wang, 26, said while the new tariff would support efforts to reduce carbon emissions, affordability remains a key concern.

“I am all for a greener future. But any transition must be gradual, especially for middle-income families like mine.

“The government or utility providers can introduce targeted rebates or energy-efficiency incen­­tives to ease the impact.”

The Light Hotel general manager Raj Kumar said it was too early to predict whether the new tariff would impact room rates.

“We are also actively exploring cost-saving measures such as solar PV,” he said, while stressing the importance of finding a balanced solution that protects both consumers and businesses.

“It is a tough time for everyone, and we do not believe in simply passing every cost to the customer,” Raj said.

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