InterContinental Kuala Lumpur, Kuala Lumpur
November, 13, 2013
InterContinental Kuala Lumpur, Kuala Lumpur
November, 13, 2013
Leading members of the Malaysian and international business and banking communities convened at GTR’s 2nd Annual Malaysia Trade & Export Finance Conference in Kuala Lumpur on November 14, where discussion focused on the extensive opportunities offered by economic growth across the surrounding region and the healthy appetite of the regional finance sector for trade funding.
Euler Hermes’ Chief Economist Ludovic Subran set the tone for the day’s proceedings, pointing to the growing momentum of global economic recovery and the huge trade potential offered to Malaysian businesses by maturing Asian markets. With economic recovery still in its infancy however, Subran highlighted counterparty insolvency as a key risk to those conducting cross-border business in 2014, with the Euro zone and Latin America singled out as potential default hotspots.
A lively panel discussion outlining the key trends and opportunities being seen across increasingly significant intra-regional trade flows between Malaysia and key Asian markets such as China, Myanmar, Bangladesh and India followed, with a speaker line-up consisting of representatives from key domestic and international financial institutions and Recron Malaysia, a leading global plastics producer.
Positivity on the extensive opportunities for increased Malaysian exports, a financing market flush with liquidity, and a local banking sector aggressively expanding its trade finance capabilities across the region to satisfy the requirements of its clients’ business was exhibited by all contributors, though it was noted by Recron Malaysia’s Head of Treasury Functions, Sandipan Sengupta, that the domestic transport infrastructure needed to grow export volumes is in dyer need of development, with the cost of sea freight rising rapidly and damaging Malaysia’s global competitiveness. Recron are currently Malaysia’s largest user of sea-bound container freight, according to Sengupta.
The private insurance sector’s capability to both mitigate the risks being encountered by regional exporters and deepen the lending capacity being made available to them by the banking sector featured across the day’s discussions, reflecting the relatively low market penetration of trade credit and political risk insurance products in Malaysia and the Asean region and the heightened perception of global risks held by Malaysian businesses; a live audience poll using the conference’s mobile app demonstrated that, for a large majority of delegates political risk is a concern that continues to grow in significance.
The pricing of ECA backed finance was called into question by audience members during a panel session featuring representatives from the Malaysian state export credit agency, Exim Bank of Malaysia, EDC, Nippon Export & Investment Insurance (Nexi), BNP Paribas and BPL Global. Consensus was reached on the necessity of increased ECA activity since 2008’s global financial crisis in order to maintain volumes of crucial international trade, however there is no intention to compete with the private insurance and banking sectors, claimed the Exim Bank of Malaysia’s Chief Operating Officer, pointing out that undercutting the private insurance market would merely hurt their own bottom line.
“We’re experiencing tremendous interest in the Malaysian market across our Asia-focused events, in line with its position as a regional hub for trade” said Rupert Sayer, Co-founder and CEO of GTR. “With an economy focused on developing value-added exports, its strong trade connections with China and its capabilities as an alternative transhipment point for South-South trade routes between Asia and high growth markets such as those in Africa, it is no surprise that banks and businesses are keen to establish and expand their presence in this exciting market. The growth of GTR’s Malaysia Trade & Export Finance Conference very much reflects appetite for Malaysian business.”
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Established in 2002 and with offices in London and Singapore, Exporta Publishing & Events Ltd is the world’s leading trade and trade finance media company, offering information, news, events and services for companies and individuals involved in global trade.
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Why do we collect information from you?
Our primary goal in collecting personal data from you is to give you an enjoyable customised experience whilst allowing us to provide services and features that will meet your needs.
We collect certain personal data from you, which you give to us when using our Site and/or registering or subscribing for our products and services. However, we also give you the option to access our Sites’ home pages without subscribing or registering or disclosing your personal data.
We also collect certain personal data from other group companies to whom you have given information through their websites (including, by way of example, Exporta Publishing & Events Ltd and subsidiaries, in accordance with the purposes listed below). Should we discover that any such personal data has been delivered to any of the Sites, we will remove that information as soon as possible.
This Data Protection Policy ensures Exporta Publishing & Events Ltd:
We may change this Policy from time to time so please check this page occasionally to ensure that you’re happy with any changes. By using our website, you’re agreeing to be bound by this Policy.
The Data Protection Act 1998 described how organisations – including Exporta Publishing & Events Ltd – must collect, handle and store personal information. These rules apply regardless of whether data is stored electronically, on paper or on other materials. To comply with the law, personal information collected must be stored safely, not disclosed unlawfully and used fairly.
The Data Protection Act is underpinned by eight important principles. These say that personal data must:
We obtain information about you when you use our website, for example, when you contact us about products and services, when you register for an event, register to receive eNewsletters, subscribe or register for a trial to our GTR magazine/website.
On some Sites, Exporta Publishing & Events Ltd collects personal data such as your name, job title, department, company, e-mail, phone, work and/or home address, in order to register you for access to certain content, subscriptions and events. In addition, we may also store information including IP address and page analytics, including information regarding what pages are accessed, by whom and when.
This information is used to administer and deliver to you the products and/or services you have requested, to operate our Sites efficiently and improve our service to you, and to retain records of our business transactions and communications. By using the Sites and submitting personal information through the registration process you are agreeing that we may collect, hold, process and use your information (including personal information) for the purpose of providing you with the Site services and developing our business, which shall include (without limitation) the purposes described in the below paragraphs.
Where, as part of our Site services, we enable you to post information or materials on our Site, we may access and monitor any information which you upload or input, including in any password-protected sections. Subject to any necessary consents, we also monitor and/or record the different Sites you visit and actions taken on those Sites, e.g. content viewed or searched for. If you are a registered user (e.g. a subscriber or taking a trial), when you log on, this places a cookie on your machine. This enables your access to content and services that
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Some of your personal data collected under paragraphs 1 and 2 above may be used by us to contact you by e-mail, telephone and/or post for sending information or promotional material on our products and/or services and/or those of our other group companies. We give you the opportunity to opt-out of receiving marketing communications. Further detail can be found on the applicable Site and in the footer of each marketing communication sent by us, our group companies or service providers. See also “Consents and opt-outs” section below. We will not share your information with third parties for marketing purposes.
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To do this, we use pixel GIFs, also known as “pixel tags” – these are small image files that are placed within the body of our e-mail messages. When that image is downloaded from our web servers, the e-mail is recorded as being opened. By using some form of digitally time-stamped record to reveal the exact time and date that an e-mail was received or opened, as well the IP address of the recipient.
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Information collected at one Site may be shared between Exporta Publishing & Events Ltd and other group companies for the purposes listed above.
We may transfer, sell or assign any of the information described in this policy to third parties as a result of a sale, merger, consolidation, change of control, transfer of assets or reorganisation of our business.
Some of our Sites may have a message board, blogs or other facilities for user generated content available and users can participate in these facilities. Any information that is disclosed in these areas becomes public information and you should always be careful when deciding to disclose your personal information.
Services on the Internet are accessible globally so collection and transmission of personal data is not always limited to one country. Exporta Publishing & Events Ltd may transfer your personal data, for the above-listed purposes to other third parties, which may be located outside the European Economic Area and/or with a different level of personal data protection. However, when conducting transfers, we take all necessary steps to ensure that your data is treated reasonably, securely and in accordance with this Privacy Statement.
We are committed to keeping the data you provide us secure and will take reasonable precautions to protect your personal data from loss, misuse or alteration.
However, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our Site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features described above to try to prevent unauthorised access.
We have implemented information security policies, rules and technical measures to protect the personal data that we have under our control from:
All our employees, contractors and data processors (i.e. those who process your personal data on our behalf, for the purposes listed above), who have access to, and are associated with the processing of your personal data, are obliged to keep the information confidential and not use it for any other purpose than to carry out the services they are performing for us.
Everyone who works for or with Exporta Publishing & Events Ltd has some responsibility for ensuring data is collected, stored and handled appropriately. Each team handling personal data must ensure that it is handled and processed in line with this policy and data protection principles. However, the following people have key areas of responsibility. The board of directors is ultimately responsible for ensuring that Exporta Publishing & Events Ltd meets its legal obligations.
Name of Data Controller
The Data Controller is Exporta Publishing & Events Ltd. Exporta Publishing & Events Ltd is subject to the UK Data Protection Act 1998 and is registered in the UK with the Information Commissioner`s Office.
Upon request, we will provide you with a readable copy of the personal data which we keep about you. We may require proof of your identity and may charge a small fee (not exceeding the statutory maximum fee that can be charged) to cover administration and postage.
Exporta Publishing & Events Ltd allows you to challenge the data that we hold about you and, where appropriate in accordance with applicable laws, you may have your personal information:
In certain circumstances, the Data Protection Act allows personal data to be disclosed to law enforcement agencies without the consent of the data subject. Under these circumstances, Exporta Publishing & Events Ltd, will disclose requested data. However, the Data Controller will ensure the request is legitimate, seeking assistance from the board and from the company’s legal advisors where necessary.
We will occasionally update this Privacy Statement to reflect new legislation or industry practice, group company changes and customer feedback. We encourage you to review this Privacy Statement periodically to be informed of how we are protecting your personal data.
Exporta Publishing & Events Ltd aims to ensure that individuals are aware that their data is being processed, and that they understand.
To this end, the company has a privacy statement, setting out how data relating to individuals is used by the company. This is available on request and available on the company’s website.
We keep this Policy under regular review. This Privacy Statement was last updated in April 2018.