IRERS 2018 – Industrial Sessions with important issues and prominent experts

These four Industrial Sessions would be reasons why we must participate in the IRERS 2018. Participation details at the bottom of this article.

#1 – Should Waqf properties be used to generate income and profits? WAQF DEVELOPMENT IN MALAYSIA session will discuss issues related to Waqf in current times and will explore ways to efficiently manage Waqf properties while staying true to the intentions of the Waqf founders.

#2 – If you are in a business where your Intellectual Property (IP) is your competitive advantage, would you want to lose it to some copycats?  IP has become ever more valuable to manufacturers beside their end products. This session will explore opportunities and challenges presented to Valuers to play a part in the ever-changing industrial sector.

#3 – How do we value that secondary forest which could also be used for a commercial development? This is a challenge for many valuers and yet governments, policy makers, researchers and the public are getting more interested in such valuation. This session aims to broaden valuer view on non-market based valuation especially for environmental and socio-economic purposes.

#4 – The Parliament of Malaysia has ALREADY passed a bill to amend the THE VALUERS, APPRAISERS AND ESTATE AGENT ACT 1981 (ACT 242). (recently renamed as the Board of Valuers, Appraisers, Estate Agents and Property Managers).  This forum will discuss the improvements made to the Act to strengthen the valuation, estate agents and property management profession. It also creates an opportunity for Property Manager from a non-property related background to attain more information regarding the newly established Registry of Property Managers. Do you wish to become a Property Manager? 

More details as follows:

IRERS 2018 would also have many Industrial Sessions which will be presented by experts and they are as follows:

IRERS 2018 – INDUSTRIAL SESSIONS

The programme outlines for the symposium includes an Industrial Session with panellist and/or presenters that are established experts in the subject(s) of discussion. This session provides opportunities to academicians and researchers to interact with industry professionals to narrow the gap between the academic and industry sectors.

The Industrial Session allocates four (4) where each is designated with a specific topic for discussion as per following:

International Real Estate Symposium (IRERS) 2018
Day 1  : 24 April 2018 (1430 pm – 1630 pm)
Parallel 2  : Industry Session
Venue  : Dewan Nusantara, Ground Floor, Institut Penilaian Negara (INSPEN)

WAQF DEVELOPMENT IN MALAYSIA

Waqf (endowment) refers to the act of surrendering one’s own property to be publicly used to benefit all Muslims. Waqf is a preferred instrument for long term charity as beneficiaries will be able to use the property for extended length of time.

But despite the good intentions, the institutionalisation of Waqf has created problems to beneficiaries and enforcement agencies especially in handling the management and maintenance of such properties, especially since society perceives Waqf properties as public properties and thus frowns upon their usage to generate income and profit.

This session will discuss issues related to Waqf in current times and will explore ways to efficiently manage Waqf properties while staying true to the intentions of the Waqf founders.

 

Prof Dr Khairuddin bin Abd Rashid

Kulliyyah of Architecture and Environmental Design, International Islamic University, Malaysia

 

 

 

Assistant Prof Dr Nor Azizan Che Embi

Department of Finance, Kuliyyah of Economics and Management, International Islamic University, Malaysia

 

 

International Real Estate Symposium (IRERS) 2018
Day 1  : 24 April 2018 (1430 pm – 1630 pm)
Parallel 3  : Industry Session
Venue  : Dewan Delima, Ground Floor, Institut Penilaian Negara (INSPEN)

THE CHALLENGES OF INDUSTRIAL REVOLUTION 4.0 ON INTELLECTUAL PROPERTY (IP)

“Industrial Revolution 4.0” refers to the most recent industrial revolution that promotes wide use of computerisation in manufacturing. The term was first coined by the German government in early 2000s, while developing high-tech strategies that would allow industrialised nations in the West to compete with cheap labour and mass production offered by third world economies in the East. It incorporates the whole chain of production to include the idea and product conceptualisation until the end of the product’s life cycle where it enters the recycling process.

IR 4.0 has triggered industrial awareness regarding the need to protect the “smart” processes developed by manufacturers and more organisations are investing in registration of their intellectual properties.

Amidst this development, the need for professional IP Valuers has risen to new heights as IP becomes more valuable to manufacturers beside their end products. This session will explore opportunities and challenges presented to Valuers to play a part in the ever-changing industrial sector.

 

 

 

Dato’ Sr Lau Wai Seang (Chairman)

President, Royal Institution of Surveyors Malaysia

 

 

Assoc. Prof Dr Suffian Jusoh

Deputy Director, Institute of Malaysian and International Studies, Universiti Kebangsaan Malaysia

 

 

 

Pn Siti Munirah Maarof

Tan Norizan & Associates

Cerified IP Valuer

 

 

En Ahmad Fadzlee Rashid

Managing Director, IPVolusi Sdn Bhd

 

 

 

International Real Estate Symposium (IRERS) 2018
Day 2  : 25 April 2018 (0830 am – 1030 am)
Parallel 3  : Industry Session
Venue  : Dewan Nusantara, Ground Floor, Institut Penilaian Negara (INSPEN)

NATURAL RESOURCE VALUATION FOR NON-COMMERCIAL PURPOSES IN MALAYSIA

The subject of “valuation” is always tied up to commercial purposes and profiteering. However, valuation is also important to determine the monetary worth of national assets not intended for business transactions.

Environmentalists initiated the need for non-commercial valuation to assign monetary equivalent to environmental factors in relation to damages due to pollution and contributions to carbon storage that are normally excluded in typical financial valuation. Generally non-market based, natural resources valuation is conceptually based on cost-benefit analysis derived from a natural asset as opposed to not having it.

Governments, policy makers, researchers and the public are getting more interested in such valuation to evaluate the true gains and/or loss from sacrificing available resources and the chain of reactions afterwards.

This session aims to broaden valuer view on non-market based valuation especially for environmental and socio-economic purposes.

 

Dato’ Hjh Zaleha binti Baharum (Chairman)

Deputy Director (Strategic Policy), Valuation and Property Services Department, Ministry of Finance, Malaysia

 

 

Dr Awang Noor Abd Ghani

President, Malaysian Environmental Economics Association

 

 

 

Dr Andrea Blake

School of Civil Engineering and Built Environment, Queensland Institute of Technology

 

 

Mr Muhamad Nahdi

Head Division of Business Valuation and Natural Resources Valuation, Directorate General State Asset Management, Indonesia

 

 

International Real Estate Symposium (IRERS) 2018
Day 2  : 25 April 2018 (1100am – 1300 pm)
Parallel 3  : Industrial Session
Venue  : Dewan Nusantara, Ground Floor, Institut Penilaian Negara (INSPEN)

LATEST AMENDMENTS TO THE VALUERS, APPRAISERS AND ESTATE AGENT ACT 1981 (ACT 242)

In August 2017, the Parliament of Malaysia had passed a bill to amend Act 242 to include the profession of property managers into the administration of the Board of Valuers, Appraisers and Estate Agents (recently renamed as the Board of Valuers, Appraisers, Estate Agents and Property Managers). With this amendment, the Board will provide a Registrar for Property Managers and will be responsible to regulate the profession.

The latest amendments also revised some provisions related to estate agents and empowers enforcement agencies to take actions against individuals who performed offences stated in the Act.

This forum will discuss the improvements made to the Act to strengthen the valuation, estate agents and property management profession. It also creates an opportunity for Property Manager from a non-property related background to attain more information regarding the newly established Registry of Property Managers.

 

 

Sr Adzman Shah Mohd Arifin (Moderator)

Chief Real Estate Consultant, ExaStrata Solutions Sdn Bhd

 

 

 

Pn R Mahaletchumi

Registrar, Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia (BOVEAP)

 

 

Sr Haji Ishak bin Ismail

CEO, IM Global Property Consultants Sdn Bhd

 

 

 

 

Sr Lim Boon Ping

Director of Training and Development, Kim Realty

 

 

 

Registration details as below:

Mode of payment:

Kindly make immediate payment (except Local Order) upon registration to secure your participation. Registration without payment will not be considered.

The mode of payment are as follow:

  • Bank draft
  • Local Order
  • Telegraphic Transfer (International Participant only)

Bank draft should be crossed and made payable to:

PENGARAH INSTITUT PENILAIAN NEGARA

Or via bank transfer:

Bank Name: Affin Bank Berhad
Bank Address: Shah Alam, Selangor, Malaysia
Swift Code: AIBBMYKL
Account Number: 105990040172
Account Name: Jabatan Akauntan Negara Malaysia Negeri Selangor

Note: Please provide us the proof of payment (receipt / telegraphic transfer form and etc.)

The Organising Committee will be in touch with you with more IRERS news as we progress. In the meantime, please feel free to get back to me with any queries you may have. Once again, a very warm welcome and looking forward to meeting you at the conference.

Join us and register now to secure your seat and guarantee your participation in IRERS. Please note that registration is based on first come first served basis.

Thank you.

Ms. Nur Hafizah Zahari (Treasurer of IRERS)
Institut Penilaian Negara (INSPEN)
Persiaran INSPEN
43000 Kajang
Selangor, MALAYSIA
Email: irers@inspen.gov.my | irers.malaysia@gmail.com
Telephone: +603-8911 8888 | +603-8911 8800
Facsimile: +603-8925 0640

Feel free to read more about some of the presenters from inspen.gov.my. You can also download the brochure here. 

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