Value Investing Summit 2012 (by Ken Chee, Joey Yap, Pauline Teo, Teh Tai Yong etc)

http://valueinvestingsummit.com/my

Value Investing Summit 2012 - TEH TAI YONG: This is one of the Event which I will be speaking with other well known Speakers such as JOEY YAP, KEN CHEE, PAULINE TEO etc.

Brief description of the Event:

Whether you’re looking to strike your first million at 25 or 55, investment is clearly about the right knowledge and time. The great thing is know-how and execution are two things that can be taught. Let this handsome line-up show you just how:

Speakers:

• Attlee Hue, Full Time Investor and Ex-Originator of Allco Commercial REIT
• Joey Yap, Founder, Mastery Academy of Chinese Metaphysics
• Ken Chee, CEO and co-founder of 8 Investment Pte Ltd
• Pauline Teo, Director (Education & Training) of 8 Investment Pte Ltd
• Teh Tai Yong, Partner of Messrs Teh Kim Teh, Salina & Co., law firm based in Kota Damansara
• Mike Lai, Director of Pheim Asset Management Sdn Bhd

What you'll learn:

Session 1: Value Investing Unmasked

“How Anyone Can Make A Million Dollars With Value Investing- The Undisputed King of Wealth Creation”

Session 2: Value Investing In Stocks

“How You Can Easily Dug Out Profitable Companies and Leverage Them To Create An Insane Amount of Money –  Using the Warren Buffett way!”

Session 3: Value Investing- Life Changer

“How To Flood Your Mail Box With ‘CASH’, Getting Multiple Cheques From Companies Month After Month After  Month!”

Session 4: Value Investing In REITs

“How Anyone Can Own Multiple Prime Properties Such As Mega Malls, Hospitals and Hotel Chains, For Pennies On A  Dollar And Collect Passive Income For Life”

Session 5: Hidden Opportunities in 2012

“Unearth and Tap Into The Secrets of Wealth Creation Using The Earth’s Natural Energy – Feng Shui”

Details

Date: 31 March & 1 April 2012

Time: 9am-7pm

Venue: Golden Chersonese Mediahall, Level 10 Maju Junction Mall 1001, Jalan Sultan Ismail, Kuala Lumpur

http://valueinvestingsummit.com/my

Workshop on The Complete Lawyer: Mastering Time Management, Soft Skills and Finance Management on 11.02.2012 by Seira Sacha Abu Bakar, Syahredzan Johan, Janet Chai Pei Ying, Lee Shih, Sri Sarguna Raj, Teh Tai Yong

Workshop on The Complete Lawyer: Mastering Time Management, Soft Skills and Finance Management on 11.02.2012 

The Professional Development Committee in collaboration with the Young Lawyers Committee is pleased to present the above Workshop on Saturday, 11.02.2012 at 9.45am at the KL Bar Auditorium, 10th Floor, Wisma Kraftangan, No.9, Jalan Tun Perak, 50050 Kuala Lumpur.

 

Time Management – The Art of Planning 

Speakers :Seira Sacha Abu Bakar and Syahredzan Johan

Ÿ	Introduction - Do You Have A Problem With Managing Your Time?
	(a) Time-related stress (b) Why need to manage your time (c) There are only 24 hours in a day
Ÿ	How To Manage Your Time - Techniques
	(a) Categories of scheme to manage your time (b) The various techniques to manage your time
Ÿ	Quiz - Analysis of Your Time Management
Ÿ	Q&A - Personal Experiences

 

Soft Skills

Speakers : Janet Chai Pei Ying and Lee Shih

 

In assisting young lawyers to become a more complete lawyer, this interactive seminar will cover certain key aspects of soft skills training. It will include the following topics: 

Ÿ	How to communicate effectively in a team:“There is ‘me’ in team”
Ÿ	How to strike up a conversation at a networking event: “How you doing?”
Ÿ	How to present yourself: Grooming 101
Ÿ	Business etiquette for lawyers: Handing out Business Cards, Who Pays, Where to Sit and other tips
Ÿ	Tips on how to give a good speech: “Friends, Romans, countrymen, lend me your ears”

Finance Management

Speakers :Sri Sarguna Raj and Teh Tai Yong

 

As young professionals, are we managing our finances well? Finance Management is undoubtedly one of the most challenging areas that is faced by  young lawyers. The speakers would be sharing through their experiences and also give useful tips on this issue. 

 

For further inquiries please contact Melissa at the KL Bar Sectretariat 03-26933585 or email at melissadass@klbar.org.my

http://www.klbar.org.my/index.php/frontend/page/news_print_view/42114841-6f22-1000-a30f-41bef694014b/

Data Protection Malaysia - Move to monitor data protection law

THE STAR - KUALA LUMPUR: A new department is being established under the Information, Communication and Culture Ministry to oversee the implementation of the Malaysian Personal Data Protection Act 2010, scheduled to be enforced early next year.

Deputy Minister Datuk Joseph Salang said the new department was expected to start operating by next year or earlier.

“As you know, to establish the department, we need to do everything right and this will take time,” he told reporters after the launch of the Information Security Summit here yesterday.

He said there was an urgent need for the Government to establish personal data protection laws as there were currently 17 million Internet users in the country.

“The more than 58% of household broadband penetration in the country is also a factor for drawing up the Malaysian Personal Data Protection Act.

“Prior to the implementation of this Act, personal data is only bound by contractual agreement or common law,” he said, adding that the legislation would significantly alter the way personal data was collected, processed, stored and transmitted between individuals and commercial organisations in Malaysia.

“The people will be able to dictate how their data is used by a third party as well as have clearly defined rights to access and correct their personal data.

“I admit that our digital infrastructure is still at its infancy and years behind the more mature infrastructure of digital goliaths, such as the United States.

“But our digital infrastructure has a sound foundation through the establishment of the Multimedia Super Corridor and is reinforced by the Government's commitment to continually improve and upgrade our system through cooperation and smart partnership with the private sector,” he said. - Bernama

http://thestar.com.my/news/story.asp?sec=nation&file=/2011/6/21/nation/8938933

Teh Tai Yong

MASTERING THE LEGAL ASPECTS OF BUYING PROPERTY - TEH TAI YONG

MASTERING THE LEGAL ASPECTS OF BUYING PROPERTY: The past 2 years have been phenomenon years for property prices in Malaysia. Many people call this period the “Property Boom”. Property value, especially in the prime areas, has been soaring. Property investors, new graduates who have just found jobs, bankers, businessmen, and even the Government are discussing the massive increase in property prices.

I have a client who bought a piece of vacant bungalow land in Shah Alam at RM550,000 in 2005 and sold it at RM910,000 in 2009 – a whopping 65% capital appreciation in 4 years. This same piece of land was sold in 2011 at RM1,815,000 recording a capital appreciation of almost 100% in 2 years. How can the price of the same piece of vacant land with no building erected on it increase from RM550,000 to RM1,815,000 in a span of about 6 years?

I have another client who bought a shop lot in Kota Damansara at RM2.7 million in 2007 and sold it for RM4.5 million in 2009. The asking price for the same property in 2011 is RM6.0 million. How can the price of the same shop lot increase from RM2.7 million to RM6.0 million in a span of about 5 years?

The answer is – why not?

Land is a scarcity. The supply decreases as few plots of land are available for development, whilst the demand increases exponentially along with our increasing population.

It is no secret that many people put their money into real estate as one of their investment portfolios. Property investment is viewed as a safer and more stable type of investment which is always preferred by long-term investors as compared to short-term investments, such as shares and commodities.

However, many people buy and sell properties without understanding the legal aspects of the property game. Can someone do that and yet make money from property? The answer is obviously – yes! But wouldn’t you want to be in a better position to play the game by knowing what the rules of the game are?

Playing the property game without understanding the legal aspect is like playing football without understanding the rules. You can simply aim at the goal and kick the ball towards that direction. If you’re lucky, you score. If you’re unlucky, you may have violated some of the rules, making the goal an invalid one. So, would you want to play a game without having a clue as to what the rules are at all? I guess not.

On the other hand, if you know the rules and learn the skills well enough, you will score – not because you are lucky, but because you know how to play the game and win it!

The same goes to the property game when you buy and/or sell properties. If you are lucky, the transaction goes smoothly. But if you aren’t lucky, you may face legal issues, some of which may be extremely unfair to you.

This book serves as a basic manual for housing property buyers and sellers concerning the legal aspects of property transaction.

Besides acquiring knowledge on what the best properties are to buy, it is extremely important that you equip yourself with the basic legal knowledge of property transactions. You can leave the more technical and complicated matters to your property lawyer.

PART A provides you with an essential guide on buying property from a housing developer. You will know what to expect from the day you decide to buy your property until the day when all legal papers are signed.

PART B delves into the salient aspects of sub-sale transactions. Buying a sub-sale property is not always a standard process, due to the different nature or types of property, for example Freehold/ Leasehold, Master Title/ Individual Title etc.

PART C deals with Money! It discusses the financing aspect of buying a piece of property. You may finance your purchase by your fund or obtain a bank loan to part-finance the purchase. This Part deals mainly with the bank financing of your purchase of property.  

PART D explains one of the most commonly used terms in property transactions – Undertaking.

PART E provides you with some samples of practical documents, such as the Sale and Purchase Agreement, the Title, the land search report, etc.

It is my sincere hope that through this book, you will gain some basic knowledge on buying a residential property.

To order, please email to "book@tehkimteh.com"

The Star: Personal Data Protection Act to be introduced next year

KUALA LUMPUR: The long awaited Personal Data Protection Act 2010 will be enforced next year. 

Information, Communications and Culture Minister Datuk Seri Dr Rais Yatim said the Ministry was in the process of getting "the right personnel with the right expertise" to set up the Personal Data Protection Department.

The Act was gazetted into law in June last year.

Dr Rais said the Act, when enforced, would safeguard people's personal information from being abused by organisations that collect and process personal data of individuals.

He said this after the Get Malaysian Business Online (GMBO) launch Tuesday.

PROPERTY - LEASE OPTION IN MALAYSIA: A common practice? By TEH TAI YONG

LEASE OPTION IN MALAYSIA: Would Lease Option become a common practice in Malaysia?

No one would know for sure what is going to happen in the property industry for next 10 years.

However, the following factors may contribute to the popularity of Lease Option in Malaysia:

1) ECONOMY: The banks are tightening their loan approval in view of the global economy conditions. Purchaser/ Borrower/ Investor would face more obstacles in applying for loans.

2) RULES: The 70% ruling on financing by Bank Negara Malaysia has substantial impact on property buyers.

3) TAXES/ STAMP DUTIES: Real property gains tax, stamp duty for transfer/ loan, lock-in period penalty etc - not payable for Lease Option.

4) CRISIS/ BUBBLE??  Lots of Motivated Sellers? [nobody knows this...]


It is the best time to learn the skills now : )

By: TEH TAI YONG

PROPERTY - Lease Option in Malaysia - by TEH TAI YONG

Lease Option Malaysia: I am attending a Property workshop these few days on "Lease Option" in Malaysia.


It is rather a new concept for many people in Malaysia, although this concept has been widely used as a strategy to acquire properties in many other countries such as the United Kingdom, New Zealand, Australia etc. 


Many people approached me and asked whether the concept of Lease Option could work in Malaysia. I would like to share the following views/ information on Lease Option in Malaysia.


What is Lease Option?


A Lease Option is a contract which consist of 2 fundamental elements:

1) Lease of the property: the owner leases the property
2) An Option: the owner grants the buyer the option to purchase the property at an agreed price which is exercisable within a specified period

Who are the parties to Lease Option?


1) Property owner (known as the Seller) who grants the lease and the option
2) Buyer who has been granted the option. He/she may be the tenant under the lease OR may sub-let the property to another tenant.

Why Lease Option? 


This strategy allows the buyers/ property investors to take control of the property without having the need to apply for financing to purchase the property.

Would Lease Option work in Malaysia? 


Why not?  

As long as the parties enter into valid and binding Lease Option contracts, such strategy would work in Malaysia (like in any other countries mentioned above).

Is Lease Option common in Malaysia?

Personally, I do not think so. 

What are the challenges? 


As such concept is still not common in Malaysia, the buyers must have the knowledge and skills to convince the other parties to enter into Lease Option arrangements.

It would be interesting to observe how this concept would develop in Malaysia in next few years.

By: TEH TAI YONG 28-11-2011

Profitability Starts From The Legal Aspects – Mastering The Legal Aspects Of Buying Property” Written By Teh Tai Yong

A review of my book "Profitability Starts From The Legal Aspects – Mastering The Legal Aspects Of Buying Property” by Horlic Lim www.horlic.com

The author, Teh Tai Yong is a practicing lawyer and also an active property investor in Malaysia.

So, it won’t be wrong to learn on the legal aspects of buying property from a lawyer, who is active in property investment activities, too.

Generally, this book tells about the basic legal aspects or knowledge of property transactions, which shall be concerned by both housing property buyers and sellers.

Perhaps, the impression on reading a law-related book is usually boring for majority. But, do not worry! You can actually finish this book within 2 to 3 hours.

The book has a total of 87 pages only, including 50 pages of sample housing development SPA, sub-sale SPA, land search report and company search report.

The contents were written in simple language, any layman should be able to catch up the points easily. The tips given in the book is useful for me! It is definitely worth more than the price of the book.

Major topics covered:

• Buying From Housing Developer
• Sub-Sale Purchase
• Financing
• Undertaking
• Practical Documents

About the Author
Teh Tai Yong is a practicing lawyer in Selangor, Malaysia. He is a partner of Messrs Teh Kim Teh, Salina & Co., a law firm based in Kota Damansara and Setia Alam.

His areas of practice include Property, Banking, Corporate & Commercial, Privacy & Data Protection Laws. He has been invited to speak at seminars and has written several articles which have been published in Malaysia and United Kingdom-based law journals.

How To Make Smoother Transaction For Greater Profit - by Teh Tai Yong

iProperty EXPO, Sunway Pyramid

郑大勇：办讲座提升国人觉醒 - Teh Tai Yong: Organise Seminars to Raise Public Awareness (Nanyang Siang Pau - 22 May 2010)

News publised in Nanyang Siang Pau on 22 May 2010
●南洋商报 刘秋仪


(吉隆坡21日讯）你是否经常收到一些不请自来的销售电话、推销电邮或广告电邮？这有可能你的私人资料已被人收集和出售给第三者。

如今市面上有太多人把我们的个人资料当作交易来买卖，确实是极危险的趋势，因在你无能力控制的情况下，你的私人资料已被截取盗用。

政府因认真看待私人资料被盗用的问题，因此提呈《个人资料保护法案》，并于今年4月5日在国会下议院通过；不过，我国政府迄今仍未成立个人资料保护委员会，以全面执行这项法令。

马大法律系教授阿布巴卡今日在“个人资料保护法令”讲座会上指出，此法令旨在管制私人资料商业交易。

他说，在这项法令下，当事人，即提供个人资料者有权拒绝、更正、通知、查阅及停止资料使用者处理其个人资料。

他举例，如果一位当事人向银行申请信用卡，惟该当事人突然决定取消申请，并已通知对方（资料使用者/银行）停止提呈其个人资料，对方应立即终止一切提呈及申请手续。

“如果该名资料使用者依旧进行提呈手续或将当事人个人资料出售给第三方，那前者已触犯《2010年个人资料保护法令》，必须受到法律制裁。”

他认为，资料保护并非火箭科学，反之，是涉及尊重对方及一项常识；而在资料使用与个人隐私之间必须作出公平及平衡的处理。

阿布巴卡也相信，一旦资料保护委员会成立后，政府将会在1年半后，全面执行此法令。



郑大勇：办讲座提升国人觉醒

主讲人之一兼PDP顾问私人有限公司顾问郑大勇指出，其他执行个人资料保护法令的国家，私人和政府机构都会受此法令的管制；不过，在大马，中央政府及州政府将不受此法令限制，因政府自有内部条例管制。

他认为，此法令不仅涉及私人机构，政府接着必须在全国各地以三语举办个人资料保护法令讲座会，向国人讲解个人资料隐私权，以提升他们的醒觉性。

“唯有当事人慎重看待本身的资料隐私权，才可进一步让资料使用者认真处理当事人的个人资料。”

他说，私人机构管理层有责任举行个人资料讲解会，以提升职员对资料使用及保护客户私隐的理解及醒觉性。此讲座会是由马来西亚国际工商会（MICCI）和PDP顾问私人有限公司联办。

个人资料保护法令不可不知的部分重点：

●在个人资料保护法令第127条文（逮捕权）下，执法人员或警方可在没有任何逮捕令的情况下，逮捕相信已触犯条例者。

●一旦此法令全面执行后，如果资料使用者在没有获得相关执法单位的允许或任何证书，出售当事人的个人资料，他将在第16（4）条文下被控，一旦罪成，将被罚款不超过50万令吉或监禁不超过3年，或两者兼施。

●管理层有责任向职员讲解个人资料保护的重要性及如何遵守条例，如果管理层没有进行任何讲解会，一旦发现个人资料外泄，那管理层将会受对付；反之，若执法者证明职员外泄客户资料，受对付的则是职员。

●一旦资料使用者罪成，可在此法令第5（2）条文下，被罚款不超过30万令吉或监禁不超过2年，或两者兼施。


新闻背景: 商业交易须获当事人同意

新闻通讯及文化部长拿督斯里莱士雅丁早前指出，若个人资料是涉及商业交易，必须获得当事人的同意，才能保持对方的个人资料，否则将抵触法律。

他说，至于那些个人敏感资料，如个人财务状况、健康状况、政治立场及宗教等，是不允许泄露给第三者。

他说，一旦法令生效，CTOS信贷情报服务私人有限公司必须向保护个人资料委员会注册，并征询当事人的允准存储他人的个人资料，否则可以在此法令下受到对付。

Link: http://www.nanyang.com.my/Newscenter/articledetail.asp?type=N&ID=152007&sID=7&cID=10

Malaysian Personal Data Protection Act - PDP Act

FINALLY. After years of waiting, the Malaysian Personal Data Protection (PDP) Bill has been passed by the Dewan Rakyat on 5 April 2010.

It marks the end of waiting, and starts a new chapter in personal data protection for Malaysia, which is the first nation to have such law in ASEAN countries.

Of course, I would not miss the opportunity to witness the debates in Parliament when the PDP Bill was tabled for reading. Sharp at 5.00pm on 5 April 2010, the Minister (Dato’ Seri Utama Dr. Rais Yatim) introduced the Bill for second reading. The debate took about 2 1/2 hours and ended at 7.32pm.

As the Minsiter said, the is not a contoversial Bill. This is evidenced that MP's from the government and opposition side have supported the fact that we need such law. In fact, this tabling of such law is long overdue, as pointed out by Datuk Bung Moktar bin Radin (MP for Kinabatangan). 

Many MP's took part in the debate relate to their personal experiences (pengalaman peribadi) on the issue on personal data protection. Puan Hajah Nancy binti Haji Shukri (MP for Batang Sadong) received unsolicited calls and sms inviting her to invest on illegal schemes. Datuk Abd. Rahman Dahlan (MP for Kota Belud) said that when he went to a bank to collect his cheque book, he was asked why he has not invested in the investment instruments offered by the bank. The bank officer informed him that YB has money in the account and wanted him to invest in the instruments. Prof. Dr. P. Ramasamy (MP for Batu Kawan) was asked why he has not taken a loan by a bank officer. When questioned, the officer informed him that they have the data.

Undeniably, the data users (like banks, insurance companies, telcos etc) have personal data. The real question is how they deal with the personal data. This is the crux of the PDP law.

MP's from the opposition raised issues regarding the applicability of the PDP law. One of the issue raised was why the PDP law does not apply to Federal Government and State Governments. In my opinion, that is a valid question and it should be discussed even though such law has been passed. If we agree that such law in important, why shouldn't it apply to Government as well?

The answer provided by the Minister was that the law is meant for data protection in "commercial transactions", and the Government does not process personal data of such nature. With due respect, this may not be entire accurate. Federal Government and State Governments do have links with business community, such as banks. Give an example, if one uses MyKad as ATM as well, the accounts information stored in MyKad is not commercial in nature?

Moving forward, we hope that the Government would establish relavant mechanism or procedure which is consistent with the Data Protection Principles in their departments/ agencies.

Another issue raised by Fong Po Kuan (MP for Batu Gajah) was in relation to Retention Period. She viewed that the law should expressly state the Retention Period, which the data could be retained and thereafter the data user must destroy the data. It is opined that such fixed retention period is not possible as the reasonable Retention Period relates to the specific circumstances. For example, the retention period for CCTV recording in retail shop would be different from the Telco's record on telephone calls/ sms by individuals. If there is no crime happened, the recording should be deleted within days by business operator, whereas Telco would retain the telephone/ sms records for at least a month for billing purpose. Take another example, students' results in universities. Understandbly, the record would be kept for years before it is deleted. Would it be possible to fix a time frame for retention for all circumstances? The answer is clearly, no.

Sitting in the Parliament, it is interesting to see how MP's took on CTOS as the bashing ground when debating the PDP Bill. Of course, one of the reason that raised public awareness on PDP law is the occurance of CTOS Saga in 2007. But it should be noted that the Government has drafted a specific law - Credit Reference Agencies Bill 2009 to deal with CRA's like CTOS. If the CRA Bill is passed, CTOS would be governed under such law.

After the Bill is passed, it is now implementation time! The task will be put on the shoulder of the Data Protection Commissioner. Effective implementation would ensure the success of the PDP Act.

Overall, it is great that PDP Bill is passed by the Parliament, albeit with some shortcomings. This is not a perfect Bill, but it is definately a Giant leap forward in the legal framework for protecting personal data in Malaysia.

Finally, we have it now - the Malaysian Personal Data Protection Act.

Teh Tai Yong 

April 2010 


[Note: The Bill was passed unamended. Click the link to read the full text of the PDP Bill http://www.parlimen.gov.my/billindexbi/pdf/DR352009E.pdf ]

The Star: No personal data out without consent

THE House has passed the Personal Data Protection Bill 2009 which seeks to protect personal data from being misused through commercial transactions.

Information, Communications, Culture and Arts Minister Datuk Seri Dr Rais Yatim, in his winding-up speech, said the Bill placed high importance on the protection of sensitive personal data, such as information on a person’s health, physical attributes, mental status and religious preferences.

“A personal data protection commissioner will be appointed and an advisory committee created to advise the commissioner on the enforcement of the Bill.

“It will be their job to monitor the activities of commercial transactors of information, such as the Credit Tip Off Service Sdn Bhd (CTOS), in putting such information in their database.”
Rais said anyone found to have abused the data would face a RM200,000 fine or imprisonment of two years or both.

The minister told reporters later that private database collection agencies would have to strictly comply once the Bill becomes law.

“The Bill is a form of cyber-legislation and Malaysia is the first among Asean countries to introduce such a law.

“It’s modelled after the provisions that were outlined by some European countries in relation to the protection of national security, defence and basic human rights requirements,” he added.

Rais said the new law would ensure that personal data would not be given out except with the consent of their owners.