Sunway PAIR organizes a virtual forum to address concern on the pandemic’s economic impact

Upon being hit by the wave of pandemic for over a year, it has become increasingly crucial for the nation to adapt to the new normal. However, many businesses and workforces
were and still are affected by lockdowns and social restrictions imposed to flatten the curve. The World Bank stated that this pandemic has caused the deepest recession since the Second World War.

Pandenomics’ represents the union between pandemic and economics and it has become evident that COVID-19 has gravely impacted the global economy.

Sunway Project for Asian and International Relations (Sunway PAIR) club has conducted an
open-to-public virtual forum, “Pandenomics: Global Economic Sentiment to COVID-19”, to address the public’s concern on the pandemic that has adversely affected multiple industries.

This forum aims to provide a platform for future business owners to learn from industry
leaders on business sustainability during unprecedented times. It also intends to create a space for individuals anxious about the future of their careers and gain insight on how to survive and succeed in a competitive employment market.

“With the shift in teaching and learning trends moving towards entrepreneurship, we need
to have graduates who not only seek employment but who can also help create jobs too. Current students, graduates, and many of you in the workforce need to be retrained and upskilled to ensure that you stay relevant and be up-to-date according to the shifts in the job environment,” said Professor Elizabeth Lee, CEO of Sunway Education Group in her welcoming address.

“In economic terms, the biggest lesson from this pandemic is: if you don’t control COVID-19, COVID-19 will control you. Because of the very rapid vaccination in the wealthy and developed countries, they are beginning to control it and recover,” said Tan Sri Andrew Sheng, Pro-Chancellor of Bristol University & Distinguished Fellow of Asia Global Institute
during his keynote.

He added that the pandemic had widened the gap not only between rich and poor nations but also among businesses and members of society. The rich and elite have better
access to resources, allowing them to work and do business online while the small
traders and daily-wage earners are struggling.

The forum was divided into two parts where the first session was titled ‘Business Pivot: A
Survival Tool During Pandemic,’ and was centred on business sustainability and survival. The panellists who attended were Sarena Cheah Yean Tih, Executive Director of Sunway Group; Nadiah Wan, CEO & Group Chief Executive Officer of Thomson Hospital Kota Damansara; Smita Kuriakose, Senior Economist in the Finance, Competitiveness and Innovation Global Practice, World Bank; Vimala Murugan, Deputy Senior Director, Industrial Development Division, Ministry of International Trade and Industry; Nicholas Khaw Hock-Lu, Head of Research, Economist, Khazanah Nasional Berhad (KNB), and was moderated by Jason Jonathan Omar, Co-founder and CEO of Talent Shop Co.

The second session was titled ‘Graduation = Unemployment? Labour Market Under COVID-19 Crisis’ and emphasized on the unemployment issues in Malaysia. The panellists
attended were Chook Yuh Yng, Chief Growth Officer, Careers and Connect Platform, SEEK Asia; Vinesh Naidu, Human Capital Leader of PwC Malaysia; Clayton Tan Ju Chiae, Senior General Manager, Head of Organization Development of Sunway Group; Sophia Ang Wui Jiun, Executive VP, Head, Talent Attraction and Workplace Futurisation, Maybank; Danial Abdul Rahman, Director of the CEO’s office, Sunway Education Group, and was moderated by Kelvin Tay, Founder and podcast host of Renegade Radio, Podcast Host.

“During the pandemic, we saw how this lack of trust in institutions caused significant
harm. That is why the challenge for us is to restore hope in the people, to trust institutions, that the Federal Constitution is still worthy of upholding, that our system of parliamentary democracy can get us out of this pandemic,” said Yang Amat Mulia Tunku Zain Al-‘Abidin, Trustee of Jeffrey Cheah Foundation, Founding President of Institute for Democracy and Economic Affairs during his closing address.

Sunway TES ACCA student stands among the top in global chart

Ng Chuan Hooi started studying accounting in her high school and it immediately became her favourite subject. After graduating from high school, the 22-year-old from Bukit Mertajam, Penang pursued her Association of Chartered Certified Accountants (ACCA) programme at Sunway TES CAE, an ACCA Platinum Approved Learning Provider and believed that the first-rated institution will be the propeller towards her success and future in accountancy.

In spite of the continued global disruption as a result of the COVID-19 pandemic, ACCA exam sittings were carried smoothly throughout the globe. The results saw over 92,000 students around the world entering almost 112,000 exams. A total of 3,440 students completed their final exams to become ACCA affiliates, in addition to the 13,404 new affiliates created throughout 2020.

After years of perseverance, Ng has proven once again in her final exams that being among the top in the world is possible with passion and dedication. In the recent March 2021 sitting, she bested all ACCA students in the nation and worldwide by achieving ACCA World Top Affiliate – 3rd Placing Worldwide and ACCA Top Affiliate in Malaysia. With an average mark of 80.75%, she has achieved the third-highest mark worldwide for the Strategic
Professional Level exams and was ranked No.1 in Malaysia.

“I am extremely happy and honoured to receive this award and it means a lot to me,” shared Ng as she received the delightful news. She has also gotten an ACCA Malaysian Prize Winner award for the Advanced Financial Management (AFM) paper along with being the top affiliate.

This incredible feat certainly serves as a motivation for Malaysians pursuing their studies to dream big and strive towards global rankings. “The awards served as motivation to help me keep moving,” said Ng as she aims to achieve greater results for herself and her family. She credited Sunway TES for her triumph by providing top-tier
education, dedicated lecturers and a comfortable campus environment.

She was certainly not a stranger to ACCA awards as she was previously the Malaysian Prize Winner for Strategic Business Leader (SBL) December 2020 sitting, World Prize Winner for Financial Management (FM) September 2019 sitting and Malaysian Prize Winner for Audit & Assurance (AA) December 2019 sitting.

“The fruit of your success is the sweetest. Always believe that you can, so you will!” said Ng to those who are eager to follow her path towards worldwide recognition. Upon completing ACCA with astonishing results, she has planned to take a few months break before entering
the industry with a hunger for success.

“After I pass my exams I will have to find employment to complete the Practical Experience Requirement (PER). I would like my first job to be with a large accountancy firm as I want to work with knowledgeable and well-trained professionals who can help me enhance my skills.  Looking further ahead in my career, I don’t mind working for a large or small firm but I do want to work abroad at some point, which is why it is also important to me that ACCA is internationally recognised”, said Ng as she planned towards her bright future.

Sunway TES is no stranger to world-class achievements, as they have accumulated 35 ACCA Top Affiliates, 218 World Prize Winners and 682 Malaysian Prize Winners for the CAT and ACCA programme for 27 years since its incorporation into Sunway College. To date, Sunway TES has nurtured 6,385 CAT graduates and 6,755 ACCA graduates.

Sunway TES ACCA Global Leaders Scholarship is also offered for SPM 8A and above achievers. For more information, please visit
https://sunway.edu.my/scholarships/scholarships-awards/sunway-acca-global-leadership-scholarship.