29 Jan 2018

TM Group collaborates with MACC to combat corruption

TM Group collaborates with MACC to combat corruption Article Header
General
SPRM
Ikrar Bebas Rasuah
MACC

A testament to its zero tolerance towards corruption, Telekom Malaysia Berhad Group of Companies (TM Group), following on from its recent Ikrar Bebas Rasuah (IBR) pledge continues to collaborate with Malaysia Anti-Corruption Commission (MACC). The Group has been working closely with MACC in establishing a business environment with the highest level of ethics and integrity, which include TM business partners.

TM Group has also established a special unit that specifically looks into upholding high level of integrity and good governance values in the Group’s daily operations; which cover its transactions with vendors and overall partners' ecosystem. The special unit and the special officer seconded from MACC under the unit are reporting directly to the Special Integrity Committee chaired by Group Chief Executive Officer and Deputy Group Chief Executive Officer, reflecting the close ties between both organisations.

With Warga Keluarga TM nationwide taking the pledge of Ikrar Bebas Rasuah (IBR) recently, the efforts have been further intensified and as a result, several arrests were recently made by MACC following internal investigations held by the Group on dubious transactions and activities.

“At TM, we are committed to uphold integrity, governance and transparency, with zero tolerance of any improper and irregular practices on the part of our partners or our employees. We have always been at the forefront in championing the Company's pledge to ensure the integrity of our processes, people and reputation as well as the sustainability of our operations. This is supported by our KRISTAL values which emphasise ‘uncompromising integrity’ in all TM’s dealings with our various stakeholders,” said Dato’ Sri Mohammed Shazalli Ramly, Group Chief Executive Officer, TM.

Commenting on the recent arrests of TM employees, Dato’ Seri Shazalli said, “We continue to work closely with MACC and taking off from the collaboration, we have conducted our internal investigations and inquiries which have left no stones unturned. We will go to the fullest extent to enforce the law and we never compromise on such wrongful acts of bribery, abuse of power, falsifying of information and forging of documents. So, let the recent arrests serves as a stern warning to all – including vendors, business partners and even Warga Keluarga TM.”

Internally, TM has taken immediate and appropriate action to reprimand the staff and contractors concerned. TM stands by its position, as set out in its robust and thorough internal policies and processes, which are in line with industrial relations best practice. The findings of the internal investigations are then subsequently handed over to MACC for onward legal actions. We are also play a very important role to support MACC during the investigation stage. TM will always be on the lookout and will continue to investigate internally; and collaborate with MACC so there may be further cases in future as the Company continues the fight for this noble cause.

“These activities of the lowest integrity will definitely affect the provisioning of communications services to the Rakyat and hamper the delivery of its benefits to Malaysians nationwide. TM Group as the one and only trusted to deliver the national communications backbone and Malaysia’s key enabler for national communications infrastructure is committed to combat such activities towards safeguarding the national interests. At the same time, we would like to thank MACC for all the co-operation and support that they have lent us in ensuring a corruption-free environment at TM,” he added.

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Sultan Perak launches Telegraph Museum in Taiping, Perak

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TM and Ministry of Education establish synergy to drive digital transformation in education

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TM turns in revenue of RM5.78 billion YTD for 1H2018 amidst challenging environment

Key Highlights of 1H2018: Performance to-date: Group Revenue of RM5.78 billion Group Reported Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) at RM1.61 billion Group Reported Earnings Before Interest and Tax (EBIT) stood at RM444.5 million; Group Normalised EBIT at RM433.0 million Group Reported Profit After Tax and Non-controlling Interests (PATAMI) was RM259.1 million; Group Normalised PATAMI stood at RM261.1 million   Telekom Malaysia Berhad (TM) today announced its financial results for the first half of the year ended 30 June 2018. The Group posted revenue of RM5.78 billion year-to-date, 2.7% lower from RM5.94 billion in the corresponding period last year. This was primarily due to a decline in voice, data and other telecommunication related services as well as provisions recognised against wholesale revenue impacted by regulatory mandated access pricing. 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Datuk Bazlan Osman, Acting Group Chief Executive Officer, TM said: "The first six months of 2018 has been very challenging for us, from rapid developments in the market to increasing regulatory pressures. Given the current landscape, these events further add challenges to our financial performance. Being cognizant of the potential impact to TM, we had revised our 2018 Headline KPIs as well as Capex guidance in early July 2018. Alongside this revision, we also launched our Performance Improvement Programme (PIP 2018) as a broad initiative to overcome the headwinds. The PIP 2018 is guided by four (4) main pillars - Revenue Uplift, Sustained Profitability, Improved Cash Flow and Increased Productivity. We expect the regulatory and sector challenges to persist in the near-to-midterm and undertaking these PIP 2018 initiatives are necessary measures to ensure the sustainability of our business for the long term." 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