The COVID-19 pandemic has not only disrupted the economy, it has, over the course of the past 18 months, made the role and functions of accounting and finance professionals become even more significant, a joint global survey, Finance Functions: Seizing the Opportunity* by ACCA (Association of Chartered Certified Accountants) and PwC (PricewaterhouseCoopers), revealed.

The survey, which elicited over 3,000 responses from accounting and financial professionals globally, showed respondents from Southeast Asia emphasising rapid changes in four key areas critical to surviving the economic crisis. These areas of focus were relevance; data and technology; skills and careers and; innovation and collaboration.

Given that finance teams have stepped up to the challenge and proven their relevance, they should now seize the opportunity to drive changes in the four critical areas that can make their role more relevant for the future. 

Petaling Jaya, 14 July 2021 – This year’s Mid-Autumn Festival is upon us and it’s time to celebrate with some mooncakes! The National Kidney Foundation of Malaysia (NKF) is joining forces with Oversea Group of Companies once again for their annual mooncake charity project to raise funds for NKF's underprivileged kidney failure patients. 
Perfect for personal indulgence and heartfelt gift-giving occasions, Malaysians can purchase the NKF mooncakes from 15 July until 3 September 2021 − with assurance that all funds raised will be donated directly to NKF Malaysia.

“Kidney patients need long-term treatment and the cost to sustain dialysis is high. As a non-profit organisation, NKF is doing its best to provide subsidised dialysis treatments to over 1,700 kidney failure patients through our 28 dialysis centres nationwide. Heightened by the pandemic, garnering the community’s support for these patients have been a challenge. This annual mooncake charity project is part of our fundraising initiatives and amid such tough circumstances, we would truly appreciate the support and generosity of Malaysians,” said Mr. Chua Hong Wee, Chief Executive Officer of NKF Malaysia.

KUALA LUMPUR, Malaysia, July 14, 2021 – Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has entered into a definitive agreement for a $90 million senior secured credit facility with approximately $88 million of the borrowings to be used for the full redemption of the remaining Series A Preferred stock and the remainder of the borrowings for related transaction costs and other general corporate purposes. Loan funding and redemption of the Series A Preferred stock are currently expected to occur on July 20, 2021, subject to customary funding conditions.  

“Capital One is pleased to lead the recently closed $90 million term loan with Rimini Street, an industry leading technology services provider that is a valued solutions partner to Capital One,” said Tom King, managing director, Capital One Technology, Media and Telecom Banking. “The new financing bolsters Rimini Street’s capital structure and supports the company's strategic plans. The expanded relationship through Capital One’s Technology, Media and Telecom corporate banking group builds upon several years of a successful partnership between the two organizations.”