Public Bank Corporate Profile Essay

Conceptualised as ‘a bank for the public’ by its Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow, Public Bank commenced business on 6 August 1966, and was listed on the Kuala Lumpur Stock Exchange (KLSE) on 6 April 1967. To-date, the Public Bank Group has grown into a premier banking group in Malaysia, with overseas market presence in Cambodia, Vietnam, Laos, Hong Kong, China and Sri Lanka. As a leading financial services provider in Malaysia, the Public Bank Group offers a comprehensive range of financial products and services covering, amongst others, personal banking, commercial banking, Islamic banking, investment banking, share broking, trustee services, nominee services, sales and management of unit trust funds, bancassurance and general insurance products. With a total of 377 branches and employing over 17,600 people, the Public Bank Group caters to the financial needs of over eight million customers in Malaysia and in other countries in which the Group operates. With total assets of RM274.62 billion as at the end of 2012, the Public Bank Group is the third largest banking group in Malaysia and ranked number six by asset size in Southeast Asia. Public Bank is the largest non-government-linked corporation in Malaysia with a market capitalisation of RM57.52 billion as at the end of 2012. With its unbroken track record of strong and consistent profitability in the last 46 years, the Public Bank Group has demonstrated its strong and consistent ability to execute and meet its key performance indicators and brand promise to its customers. The PB Brand has been built based on integrity, honesty and excellent service delivery. These are complemented by accountability, excellent corporate governance, strong corporate culture, prudent management and competitive products and services. Focused and Consistent Growth Strategy The Public Bank Group adopts a focused and consistent growth strategy, which is to pursue organic growth in the retail banking business focusing on retail consumers and small- and medium-sized enterprises (â€Å"SMEs†), and strives to further increase its leadership in this broad-based retail banking market. Growth in the retail banking business is consistently focused on retail lending, deposit-taking and fee-based businesses. To drive business growth and increase its market share in retail banking, the Public Bank Group leverages on its well-established customer service infrastructure and processes and practices to deliver prompt and consistent service to meet the needs of its customers. Core Business Growth In the retail lending business, the Public Bank Group remains focused on growing its loans in residential mortgages, passenger vehicle financing and lending to SMEs. In an intensely competitive market where loan products are highly commoditised, the Group actively competes in the market for business growth and increased market share by differentiating itself through its highly efficient customer service delivery standards. As at the end of 2012, Public Bank maintained its leading position in residential mortgages, passenger vehicle financing and commercial property financing in Malaysia, with market shares of 19.1%, 26.4% and 33.7% respectively. Over the years, the Public Bank Group has been building a strong franchise in the deposit-taking business. Customer deposits have been growing steadily both in terms of the deposit customer base and the amount of deposits placed with the Group. As at the end of 2012, total deposits from customers of Public Bank in Malaysia recorded a growth rate of 13.0%, which is above the domestic banking industry’s growth rate of 8.4%. This reflects the high level of confidence that customers place in Public Bank to safeguard their funds. Public Islamic Bank, a wholly-owned subsidiary of Public Bank, started its full-fledged Islamic banking business in 2008. It will continue to focus on Islamic consumer financing and retail commercial lending to SMEs. The Public Bank Group continues to intensify its effort to grow fee-based businesses through its wholly-owned subsidiary, Public Mutual, which contributes a significant proportion of the non-interest income of the Group. Public Mutual has remained a dominant player in the private sector fund management industry in Malaysia with a leading market share of 40.8% as at the end of 2012 due to its superior fund performance, strong distribution capabilities and strong brand. Multiple Delivery Channels The Public Bank Group has a large and well distributed branch network of 255 branches in Malaysia to better service its large customer base of individuals and business enterprises. The Group further expanded its wide network of self service machines to 522 Automated Teller Machines, 532 Cheque Deposit Machines, 405 Cash Deposit Terminals and 186 Cash Recycling Machines for greater customer convenience. The Group has also expanded its internet banking and mobile banking service capabilities for greater access by customers to its banking services. The Group will continue to tap on its large sales and marketing force and strategic alliance with key partners to deliver high value products and services to its customers. Regional Player Today, the Public Bank Group’s overseas operations comprise 122 branches, with 83 branches in Hong Kong, 3 branches in China, 24 branches in Cambodia, 7 branches in Vietnam, 4 branches in Laos, a branch in Sri Lanka and 3 representative offices in Shanghai, Shenyang and Taipei. Strong Financial Ratings The Public Bank Group continues to be accorded strong credit and financial ratings for its consistent record of prudent management, strong risk management, excellent corporate governance, strong and consistent financial performance, superior asset quality and healthy capitalisation. Standard & Poor’s reaffirmed Public Bank’s A- long-term rating and A-2 short-term counterparty credit rating with stable outlook. Moody’s Investor Service reaffirmed Public Bank’s long-term deposit rating of A3 and revised its short-term deposit rating to P-2 based on Moody’s new Consolidated Global Bank Rating Methodology, with stable outlook. Rating Agency Malaysia reaffirmed the Bank’s long-term rating of AAA, the highest rating accorded by Rating Agency Malaysia, and its short-term rating of P1. Awards and Accolades The Public Bank Group continues to earn recognition and trust for its strong and sustained financial performance and prudent management. In 2012, Public Bank was honoured with 36 awards, including many best bank awards and excellence in corporate governance by national and international publications. These were in recognition of the Public Bank Group’s sustainable financial performance and excellence in the key areas expected of a banking institution by its stakeholders. Public Bank’s Founder and Chairman, Tan Sri Dato’ Sri Dr. Teh Hong Piow, continues to be honoured with awards of excellence for his sterling leadership and extraordinary achievements, as well as enormous contributions to the Public Bank Group and to the banking industry in Malaysia and in the region. Corporate Social Responsibility As a responsible corporate citizen, the Public Bank Group remains committed to uphold its corporate social responsibility (â€Å"CSR†) in the areas of nation building, development of the market place and enrichment of the work place. The Group supports the community through programmes such as education, graduate employment, professional development and environmental conservation as well as in support of the underprivileged. The Public Bank Group’s CSR at the work place includes initiatives to enhance the core competencies of the staff, so as to further raise their contribution, productivity and efficiency. The Group believes that in fulfilling its corporate social responsibilities, the Group also enhances its corporate image, reputation, goodwill and brand value. Our Commitment In spite of its success, the Public Bank Group will never rest on its laurels. Given the increasingly challenging economic environment, the Group will continue to strive harder to deliver value to its stakeholders. To its customers, the Group will continue to provide competitive financial products and services to meet increasingly sophisticated customer demand. To its shareholders and investors, the Group will continue to enhance shareholder value with its strong financial performance. To its staff, the Group will continue to invest in human capital development initiatives to enhance core competencies and productivity.

BUS 237 †Assignment 1: MIS Article Critique Essay

BUS 237 – Assignment 1: MIS Article Critique Due Date/Time: Check Canvas Assignments for the due date/time for your section! Objective and Background: Many of the concepts you will be learning throughout this course are best understood as well as more interesting if you are aware of current and emerging MIS-related news in academic journals, newspapers, and magazines. This assignment will allow you to share an article of your choice from a reputable source and critique it. Key concepts include: New and current technology; management information systems; innovation; writing business critiques; analyzing media news; and business communication skills. Directions: Find a recent article (within 6 weeks of this assignment’s deadline) from either: ï‚ · The Economist Harvard Business Review Bloomberg Business Week Wired The Globe and Mail The Financial Times New York Times itbusiness.ca Your choice of article may be generally based on a technological innovation or application of technology (successful or otherwise), or more specifically related to one of the topics we have discussed or will discuss in class (see  course outline). You must ensure that you reference your article correctly using APA referencing style, as well as to reference any other sources you use. You should provide an electronic copy of your chosen article (PDF format required) with your submission. You are required to prepare a maximum two-page summary report of this article in Microsoft Word, including a critique and/or appraisal of the article’s content; and clearly point out how it relates to at least one of the concepts from BUS 237 lectures or textbook chapters. A note about your report: You should dedicate no more than one page to summarize the article with the rest reserved for critiquing the article. You will be critiquing the content of the article. Do not critique the writing style or grammar used in the article. Focus your critique on the opinions and facts presented in the article. You should present your opinions supported by external sources such as academic publications or news stories with your critique. Examples of such critique include agreeing/disagreeing with the major takeaways of the article or extending the main points of the article with external research or personal observations. It is acceptable to write the critique using the first-person view. Review carefully and edit your write-up for grammatical and spelling mistakes missed by MS Word’s auto-correct feature. Page 1 of 3 BUS 237 – Assignment 1: MIS Article Critique Submission Instructions: This assignment is to be submitted online, using the Canvas Assignments tool. Attach your completed assignment and required supporting file(s). You will submit a 3 page document including a cover page + 2 page report in MS Word. The document should be written in a business/professional format, well organized and easy to read. Deductions will apply for poor formatting, spelling/grammatical mistakes, and poor organization of ideas. Specifically, you are expected to use MS Word styles, citation/reference manager, and cover page features. Refer to Lab Unit 2 notes for detail. Format Requirements: Please use the following fonts only: Arial, Times New Roman, Tahoma or Calibri. Do NOT use font size smaller than 11 pts. All page margins should be at least 2.5 cm (i.e., 1 inch or 72 pts). Double-space paragraph formatting is required. Only MS Word file format is accepted for the report – all other formats (e.g., PDF or MS Works) will NOT be accepted. This is very important to avoid display inconsistencies leading to unnecessary grading penalties. The cover page (this page does not count toward your report page limit) should clearly display the following information: your name, student number, TA’s name, and course/tutorial section number. Submit via Canvas Assignments tool the following two files: 1) MS Word Report consisting of your cover page + 2 pages of report content (3 pages in total) 2) PDF Copy of Article you selected for this assignment (your assignment cannot be graded without article!) Marking Criteria: Assignments are core components of BUS 237. See the assignment grading key on the last page for the evaluation criteria used to grade this assignment. Plagiarism: Students are expected to work independently on this assignment; therefore, a maximum grade of zero (0) will be given to students whose submissions suggest that they collaborated with others on their assignments. This applies to the original author of the work, as well as to those whose submissions resemble it! Late submissions will be penalized at the rate of -10 for 1 day, -50 for 2 days, -90 for 3 days! Missing assignments will result in an N (not complete) grade for this course!!! This automatically becomes a Failed (F) at the end of the semester, if the requirements (i.e., submitting the assignment) are not satisfied. Contact your TA immediately if you are having any problems with the Canvas submission process! Page 2 of 3 BUS 237 – Assignment 1: Grading Key Exceeds Expectations (20) Article directly related to ideas in  course, and from reputable  source Meets Expectations (15) Article indirectly related to ideas  in course, and from reputable  source Approaches Expectations  (10) Article indirectly related to  ideas in course, and not from  reputable source Fails Expectations (5) Article does not relate to ideas in  course, and/or is not from  reputable source Structure Organization appropriate,  appropriate length, good  presentation Organization ok, reasonable  length, reasonable presentation Several problems with  organization, length, or  presentation Inappropriate organization,  length or presentation Content  & Tone Presents critique and appraisal of  key ideas; Appropriate tone  established and maintained  throughout report in a business  professional style Some problems with  presentation of critique and  appraisal of key ideas; Appropriate tone established but  not maintained consistently Poor effort to critique and  appraise key ideas; Appropriate tone neither  established nor maintained  consistently No effort to critique and appraise  key ideas; Inappropriate tone  used

Modern Managers Essay Example | Topics and Well Written Essays - 1500 words

Modern Managers - Essay Example Newman (1995) stated that a person's identity is not just a function of one's personal values and traits but it is also a function of the behavior and attitudes of people who have made a significant impact in their lives. As the other people's cultural values change, then their friends also do likewise. Newcomers to a business firm learn the appropriate roles and behaviors to become effective and participating members of that organization. Third, people who work together tend to share the same cultural values and ethics. Watson (1995) stated that a human grouping be it a school or the workplace shares a system of meanings which define what is good and bad and what are appropriate ways for members of that grouping to act and behave. Moreover, he also explained that being part of an occupation involves engagement on a regular basis in a part or the whole of a range of work tasks which are identified under a particular title by both those carrying out these tasks and by the general public. (Watson 2005). Fourth, a person's educational background has an impact on his socialization. The correspondence principle sets this general model - the higher you rise in education hierarchy, the better job you will get. However, the UK has fundamental inequalities in its educational system. The British students experience education not on the basis of merit but in terms of their ability to take a series of opportunities which is hugely dependent on their available resources. Only seven (7%) of the UK student population can afford to attend private schools. These students them move on to become Oxbridge students. About 100 schools (80% of them are private) provide almost one-third of all Oxbridge students. This inequality in education leads to other forms of inequalities such as social class, gender and ethnic groups. A way to expand educational opportunity to all would be to make university tuition fees affordable. In this sense, the students will be able to widen their participation. Fifth, managers who possess excellent social skills tend to succeed more. For instance, likeability is a valuable tool that complements crucial management skills such as the ability to communicate with employees, give inputs to senior management, interact with customers, and build effective teams. A manager who cultivates this skill is bound to become more successful. Customers are more likely to purchase products and services from someone they like. However, the value of being liked does not end with a job promotion.Moreover, managers may be required to communicate to corporate employees the specifics of a difficult company policy, A manager who learns how to become a genial salesperson and a good communicator will get better results. Managers need to learn the art of listening skills by listening more attentively to someone they like or to someone they merely tolerate.In order to be an effective manager, one must know several socialization skills. An important socialization skill is the recognition of the importance of getting along with others. Managers strive to be genuinely appreciated for who they are, how they act, and what they stand for. The linchpin of likeability is mutual respect which is based on the right attitude towards work and people, and then develops as managers work on providing the right communication climate, staying well-attuned to employee reactions, meeting or managing expectations, and seeking a balanced approach to issues.The second

EXEMPTION CLAUSES ( contract ) Essay Example | Topics and Well Written Essays - 1500 words

EXEMPTION CLAUSES ( contract ) - Essay Example It quickly became clear that the car is seriously defective and that it will cost at least  £1000 to deal with the problems. Thomas Co always offer to those who buy cars from them, the opportunity to purchase a service contract covering parts and labour on the car purchased for 2 years. Smith Co have always declined such offers from Thomas Co. The conclusion of this paper is meant to give advice to Smith Co., hence, the main issue here is whether or not Thomas Company could be held liable for the damage in excess of the  £100 on defective car purchased by Smith Co. considering the presence of the limitation of the liability as indicated in the contract. To settle this main issue I may use the three tests and they are incorporation, construction and UCTA. To determine whether the provision of the contract containing the clause: ‘Thomas Co limits its liability for any breach of the terms implied by ss13-15 of the Sale of Goods Act 1979 to  £100’ would be deemed incorporated or part of the contract; and therefore should bind the parties in the contract, there is a need to examine the facts if they are consistent on the present status of the law. Case facts tell us that Smith Co has made a number of similar purchases of cars from Thomas Co in the past. Although normally, Thomas Co asks its customers to sign its standard terms, containing the standard clause of limiting liability, the case at bar, the purchase by Smith Co was agreed over the telephone and Smith Co were never asked to sign the standard terms. Hence the logical issue is: Was the verbal agreement made orally a continuation of previous transactions of Smith Co with Thomas Co. where there was the limiting clause? Can we imply that Smith Co. should be covered by the standard clause of limited liability considering that it is the practice of Thomas to ask its customers to sign its standard terms? It is may be argued that the purchase made

On Golden Pond Film Essay Example | Topics and Well Written Essays - 1250 words

On Golden Pond Film - Essay Example The chief protagonist’s roles are played by ace actor and actress – Henry Fonda and Katherine Hepburn. ‘On Golden Pond’ is based on an affectionate and loving couple who spend their twilight years with each other and the different experiences that come in the wake of their life. The film portrays the difficulties faced by this couple in old age and how despite these difficulties they maintain their dignity and respect right through the end of the film. The thing that makes the film all the more interesting is that the audience can easily relate to it and identify themselves in similar situations. The inherent sentiment in the film is greatly enhanced and reinforced through the visual metaphor of a beautiful sunset over the Golden Pond. The breathtaking beautiful natural scenery of New England highlights the concept of emotional sentiment between the elderly couple and how they interact towards each other in specific situations. ‘On the Golden Pondâ₠¬â„¢ is all about real – life relationships and personalities which is what makes it much easier for the audience to connect and relate to. The filmmaker draws from the extensively publicized problems that were faced by Henry Fonda with his son and daughter. However, the central theme of the film is all about how a college professor and his wife take the much deserved privilege of a holiday in this idyllic spot to explore â€Å"life’s inner meaning†. The main plot of the film involves contrasting male senility against female strength. Though the characters are vulnerable to their situation, yet they do not appear to be so, due to Rydell’s technique of using high angle and bird’s eye shots that helps to maintain the illusion of his characters. This technique helps the characters to integrate and adapt themselves well with their environment. Rydell’s female protagonist, Katherine is a very devoted wife who is quite a free- spirited and carefre e character who even goes singing in the woods and picking up firewood, strawberries and flowers for the home. As a female pillar of strength, she forces the audience to understand the reversal of gender roles and their consequences. On the other hand, the male protagonist Fonda is always seen bemoaning his uncertainty of life because he is faced with the fact of gradually losing his memory and the deterioration of his physical health. The conflict between the Fondas emerges quite early in the film as Henry’s mental health seems to be getting even worse. For example, he accuses the operator of having called them a classic ‘Exhibit A’ memory loss. He also looks at an old photograph of him and his wife with their child Chelsea and enquires who that child was. In Fonda, we could understand the serious consequences of retirement that manifests itself through unpleasant confrontation with his daughter and constant nagging which he uses as a recourse to be in control o f his status and situation which becomes more complex as he increases in age. He is unable to accept the reality of his situation and a feeling of uselessness creeps over him. These behaviors are exhibited by the character Norman due to aging according to his chronological age and also due to the fact he is unable to accept the fact of aging, retirement and other physical and mental disabilities that accompany it. On close observation of this character we come to understand that he is unable to come to terms with himself by accepting his infirmities and

Future work performance of students Article Example | Topics and Well Written Essays - 3250 words

Future work performance of students - Article Example Here, it is assumed that in all but owner- managed organisations the owner or owners (known in agency theory as the "principal") of an organisation must vest authority to an "agent"-corporate management- to act on their behalf. Harrison & Kessels (2004: 25-26). Given this perception, the principal in an organisation feels unable to predict an agent's behaviour in any given situation and so brings into play various measures to do with incentives in other to tie employee's needs to those of their organisation. In economic literature, the significance of information asymmetries, innovation and strategic behaviour has long been recognised. There exists a considerable literature on how incentives affect a variety of management problems and the methodology for analysis of incentive problems most notably the principal agent model (Muller & Turner 2006).Against this background, this paper centers on what motivating factors are more likely to influence students of my university future job performance. In order to be able to conduct an in-depth analysis of the importance, relevance and functions of effective human resource policies, I have chosen to encompass only a specific number of elements, on the role of motivation towards our university student's future performance. There are basically two-research approaches, the deductive approach in which you develop a theory and hypothesis and design a research strategy to test the hypothesis, or the inductive method in which you will collect data and develop theory as a result of your data analysis (Bryman & Bell 2004, Saunders et al 2007). A research method involves collecting data, with specific instrument such as a self-completion questionnaire or a structured interview schedule or where a researcher listens to and watches others (Bryman & Bell 2004). There are however two research methods from which the above examples stem from. The qualitative and quantitative research methods. None of the method is better than the other, as each of the methods becomes efficient and effective once used in the proper context (Bryman & Bell 2004). The proposed research questions were investigated on a convenience random sample of 50 students at the University. The selected University (Our campus) o'ers an

Rembrandt Van Rijn's Paintings Term Paper Example | Topics and Well Written Essays - 1750 words

Rembrandt Van Rijn's Paintings - Term Paper Example The paper "Rembrandt Van Rijn's Paintings" explores â€Å"The Blinding of Samson† and â€Å"The Avenge of Samson† by Rembrandt van Rijn. While there have been identified more than 400 original works by Rembrandt that have lived through centuries, no one doubts that in the past there existed many more which, unfortunately, have either been lost or destroyed. Today one may savor the beauty and emotional depth of a variety of portraits created by Rembrandt back in the 17th century. However, what is even more appealing for a modern viewer is Rembrandt’s paintings devoted to the Biblical themes and based on the events either from the Old or New Testament. It is hard to say why exactly, but the Biblical story of the Hebrew hero Samson, who was known to possess inordinate strength and was kind of God’s champion, was particularly interesting to Rembrandt. The art scholars attribute 5 original works by Rembrandt devoted to Samson’s life events. The Blinding of Samson (1636) is probably the most famous of them. Interestingly, it has been found that one more painting that explored the Samson motif was created by Rembrandt almost immediately after The Blinding of Samson. The Avenge by Samson (1638) was completed two years later and was kept in a private collection of Rembrandt’s powerful patron Prince Frederick Hendrick of Orange during his lifetime. Allegedly, it was destroyed during the fire of 1712 or was stolen at the moment of panic in the burning house where it was kept. This paper seeks to explore the meaning., historical context and the form of The Blinding of Samson and, based on this research, hypothesize what the details of The Avenge of Samson might have been. It also focuses on the place these artworks had/might have had in the career of their author – Rembrandt van Rijn. The Blinding of Samson: Form, Meaning and Historical Context The Blinding of Samson was created back in 1636. At that time, artists typically used natural materials that they made themselves, most often oil. The Blinding of Samson is not an exception to that rule. It is written in oil on canvas and it is quite large (235x302 cm). While the painting is an example of the Baroque art and represents the Biblical episode, it is quite naturalistic. It can be attributed to the author’s careful use of form. In particular, this artwork exemplifies â€Å"the dark manner† which was introduced by Rembrandt’s predecessor Caravaggio. In this painting, Rembrandt used luxuriant brushwork which combined with rich color and masterful use of chiaroscuro (the technique of treatment of both light and shade). Specifically, his brushstrokes are, as usual, broad and thick. Also, it is these layers of glaze that evidently provide scenes with extra depth and also gravity. Critics claim that these technique helped Rembrandt depict the mood as well as inner mental feeling of the figures since it accentuated their physical featur es along with expressions on their faces (Encyclopedia of Art, visual-arts-cork.com). In relation to this, Armold Houbraken, a painter and a contemporary of Rembrandt who was familiar with the way the great Dutchman worked described that very often his artworks â€Å"looked as though the paint has been smeared on with a bricklayer’s towel† (van de Wetering 5). Yet, it is this working method that allows his paintings to create an extremely light