KS REVIEW Executive Briefings KINGSLEY STRATEGIC INSTITUTE for ASIA PACIFIC January 2020

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KSI President Tan Sri Michael Yeoh greeting the Malaysian KSI President Tan Sri Michael Yeoh hosting dinner for Prime KSI President Tan Sri Michael Yeoh greeting Economic Affairs Prime Minister YAB Tun Dr. Mahathir Mohamad. Minister of Laos H.E. Dr. Thongloun Sisoulith. Minister, YB Dato’ Seri Mohamed Azmin Ali.

The official opening ceremony of the World Chinese Business and Economic Summit.

The ASEAN Community Leadership & Partnership Forum organised by KSI and ASEAN Business Advisory Council in Bangkok. In the centre are Former Prime Minister of Thailand, H.E. Khun Anand Panyarachun and Prime Minister of Laos, H.E. Dr. Thongloun Sisoulith.

Primary Industries Minister, YB Teresa Kok with the Chairman Tan Sri Michael Yeoh presenting a memento to the Speaker Minister of Health, YB Datuk Seri Dr. Dzulkefly Ahmad at of the Kingsley Strategic Institute, Tan Sri Barry Goh and Tan of the House of Representatives YB Tan Sri Mohamad Ariff KSI’s Malaysian Healthcare Conference. Sri Lee Kim Yew, Founder and Patron of the World Chinese Md Yusof in Parliament on SDG’s and CSR jointly organised Business and Economic Summit. by KSI and Parliament Malaysia. 2 2019 ASEAN COMMUNITY LEADERSHIP AND PARTNERSHIP FORUM

2019 ASEAN Community Leadership And Partnership Forum

23- 24 June 2019 Park Hyatt Bangkok, Thailand Building Partnerships for a Sustainable and Inclusive ASEAN

(Held in conjunction with the 34th ASEAN Summit in Bangkok)

From L to R: H.E. Anand Panyarachun, Former Prime Minister of Thailand and H.E. Dr. Thongloun Sisoulith, Prime Minister of Lao PDR.

Presentation of Distinguished Lifetime Achievement Award to H.E. Anand Panyarachun, Former Prime Minister of Thailand by H.E. Special Address delivered by the Title Sponsor of ASEAN Pan Sorasak, Minister of Commerce Cambodia during the Gala Dinner on 23 June 2019 at the 2019 ASEAN Community Leadership & Community Leadership and Partnership Forum, Dato’ Sri Dr. Partnership Forum. Vijay Eswaran, Executive Chairman, QI Group.

From L to R: H.E. Mr. Saleumxay Kommasith, Minister of Foreign Affairs, Lao PDR; Dr. Supachai Panitchpakdi, Former Deputy Prime Minister, Thailand and Former Director-General, World Trade Organisation; H.E. Anand Panyarachun, Former Prime Minister of Thailand; H.E. Dr. Thongloun Sisoulith, Prime Minister of Lao PDR and his Wife; Tan Sri Michael Yeoh, Chairman, ASEAN Community Leadership and Partnership Forum / President, Kingsley Strategic Institute for Asia Pacific (KSI) / Formerly Representative of Malaysia to the High-Level Task Force on ASEAN Connectivity; H.E. Pan Sorasak, Minister of Commerce Cambodia and H.E Mrs Khemmani Pholsena, Minister of Industry and Commerce of Lao PDR.

The recently concluded 2019 ASEAN Studies Centre of Chulalongkorn University, The speaker for this dialogue was Dr. Community Leadership and Partnership and Bangkok-based organizations Nation- Supachai Panitchpakdi, Former Deputy Forum’s underlying message is that ASEAN Building Institute and Asia Centre. The Prime Minister, Thailand and Former countries need to work together to unleash forum’s theme was Building Partnerships for Director-General, World Trade Organization the potential of technology to develop a Sustainable and Inclusive ASEAN. and the moderator was Mr. Arin Jira, the digital economy, create new business Chairman, ASEAN Business Advisory opportunities and spur regional growth. The 2019 ASEAN Community Leadership Council (ASEAN-BAC) / Vice Chairman, and Partnership Forum (ACLPF) started the Federation of Thai Industries / Co- Held on June 23-24 in conjunction with proceedings on 23 June 2019 with a Special Chairman, ASEAN Community Leadership the 34th ASEAN Summit in Bangkok, the Address and Dialogue on ASEAN Economic and Partnership Forum forum was organized jointly by Kingsley Integration: Where Are We? Where Do We Strategic Institute in Malaysia, the ASEAN Go from Here? Will the US-China Trade War The highlight of the ACLPF evening with Business Advisory Council, the ASEAN Impact on ASEAN? a Gala Dinner and Lifetime Achievement 3 2019 ASEAN COMMUNITY LEADERSHIP AND PARTNERSHIP FORUM

From L to R: Prof. Dr. Kriengsak Chareonwongsak, Adviser to the ASEAN Welcome Speech at the ASEAN Community From L to R: Session 3: ASEAN in the Age of Disruption - Wiring Community Leadership and Partnership and Chairman Nation-Building Institute, Leadership & Partnership Forum on 23 June Up ASEAN for the Digital Economy. Speakers: Mr. Goh Peng Ooi, Thailand; H.E. Dr. Pichet Durongkaveroj, Minister of Digital Economy and Society, 2019 by Ambassador Pradap Pibulsonggram, Group Executive Chairman, Silverlake Group; Mr. Eddie Hu, Chief Thailand; Tan Sri Michael Yeoh, Chairman, ASEAN Community Leandership and Co-Chairman, ASEAN Community Leadership & Representative, Malaysia & Thailand, Chong Sing FinTech Group Partnership Forum / President, Kingsley Strategic Institute for Asia Pacific (KSI) Partnership Forum. Limited; Ms. Laetitia Moncarz, Director Payments Markets, / Formerly Representative of Malaysia to the High-Level Task Force on ASEAN ASEAN Region, SWIFT and Ms. Pornpimol Kanchanalak, Advisor Connectivity and Mr. Arin Jira, Chairman ASEAN Business Advisory Council to the Minister of Foreign Affairs, Thailand. Moderator by Prof. (ASEAN-BAC) / Vice Chairman, the Federation of Thai Industries / Co-Chairman, Barbara meynert, Senior Advisor, Fung Group. ASEAN Community Leadership and Partnership Forum.

Session 1: Prioritizing the sustainable Development Goals: Partnership between From L to R: H.E. Anand Panyarachun, Former Prime Minister of Thailand; H.E. Dr. Thongloun Sisoulith, Government, Business and Civil Society. Dr. Supachai Panitchpakdi, Former Deputy Prime Prime Minister of Lao PDR and Tan Sri Michael Yeoh, Chairman, ASEAN Community Leandership and Minister, Thailand and Former Director-General, World Trade Organization and Mr. Vijay Partnership Forum / President, Kingsley Strategic Institute for Asia Pacific (KSI) / Formerly Representative Poonoosamy, Director, International & Public Affairs, QI Group. of Malaysia to the High-Level Task Force on ASEAN Connectivity.

Awards where H.E. Dr. Thongloun Sisoulith, systems, develop our digital platforms and is a very dynamic market, said Ms. Prime Minister of Lao PDR was conferred harmonize our approaches to regulatory Laetitia Moncarz, Director for Payments with the ASEAN Distinguished Lifetime procedures particular for cybersecurity, Markets, ASEAN Region, at the Society Achievement Award for his contribution to digital identity, and data management. for Worldwide Interbank Financial the growth and development of the Lao We should work towards a regional digital Telecommunication (SWIFT), a global PDR and to ASEAN Regional Cooperation. market. financial messaging platform based in Belgium. H.E. Anand Panyarachun, Former Prime In line with the above, the session on Minister of Thailand was also conferred ASEAN in the Age of Disruption – Wiring For the banking industry, pain has already with the ASEAN Distinguished Lifetime Up ASEAN for the Digital Economy talked been felt due to the emergence of fintech, Achievement Award for his distinguished about how new technologies such as 5G will said Mr. Eddie Hu, Chief Representative for services to ASEAN in particular the create opportunities for the ASEAN digital Malaysia and Thailand at Hong Kong-based blueprint for tax for the ASEAN Free economy, said Mr. DAR Wong, Executive Chong Sing Holdings FinTech Group. He Trade Area. H.E Khun Anand can truly be Vice-President of the ASEAN-China added that traditional banks in ASEAN, described as the father of AFTA. Commerce Association. “ASEAN cannot looking to offer a seamless business deny that it will be influenced by 5G,” said experience, can face difficulties getting The Gala Dinner also highlighted the Wong, adding that with the rolling out of licensed to enter other countries in the conferment of the ASEAN Entrepreneur the new generation of mobile technology, region. He hopes that ASEAN – to catch of the Year Award to Mr Goh Peng Ooi everything, from work environment to up with fintech, in a paradigm shift for the for his entrepreneurial spirit in creating security systems, will become obsolete and future – can develop a shared financial a regional software giant, Silverlake Axis people should be aware of new things to world for everyone. Ltd. The company boasts of nearly 40% emerge soon. of the top 20 largest banks in Southeast Noting that China spends more on Asia utilise Silverlake’s banking solutions. Mr Jason Chiu, Founder and CEO of semiconductor imports, mainly from the US, It counts three of the five largest ASEAN Hong Kong tech start-up Cherrypicks, than on oil, Mr. Pindar Wong, Chairman of superregional financial institutions among said ASEAN countries need to cooperate internet financial infrastructure consultancy its customers, which undoubtedly puts it internally and externally, not just for VeriFi (Hong Kong), said China and the among the main regional players in this technology advancement but more region are facing a “silicon shock”, which is area. They also have clients in some 20 importantly for the construction of going to take 10 to 15 years to resolve. countries across Asia, the Middle East and infrastructure. Moderating the session, Africa, even though its core market remains Prof. Barbara Meynert, Senior Adviser of Ms Pornpimol Kanchanalak, Advisor to the Southeast Asia. Hong Kong supply chain and logistics Minister of Foreign Affairs, Thailand, said conglomerate Fung Group, said there are the Fourth Industrial Revolution, while At the opening keynote address on 24 Jun tremendous opportunities for ASEAN bringing much change through innovative 2019, H.E. Dr. Pichet Durongkaveroj, Minister for the growth of the digital economy. technology, does not provide a lot of room of Digital Economy and Society, Thailand, ASEAN is an important economy as it ranks for mistakes, and that is why people need to in his keynote address, “Towards a Digital third in the world in terms of population, be careful about the negative effects. ASEAN: The Way Forward”, said that every sixth in GDP and fourth in trade value. sector of the economy in ASEAN countries But ASEAN is not yet a digital economy, Speaking of the digital economy’s impact can do more to use digital technologies it is only emerging, noting the digital on poverty, Mr. Goh Peng Ooi, Group and smarter business models. To help our sector’s contribution to ASEAN’s GDP is Executive Chairman of Malaysian software private sectors governments also need to still relatively low compared with those of company Silverlake Group, said previous transform themselves: to use technologies China, Europe and the United States. industrial revolutions resulted in fewer such as data analytics and intelligent From the payments perspective, ASEAN working days per week, which shows 4 2019 ASEAN COMMUNITY LEADERSHIP AND PARTNERSHIP FORUM

From L to R: Mr. JR Mayer, Director, QI Group; Dr. Supachai Panitchipakdi, Former Deputy Special Address and Dialogue: ASEAN Economic Integration: Where Are We? Where Do We Go from Prime Minister, Thailand and Former Director-General, World Trade Organization; H.E. Mrs Here? Wil the US-China Trade War Impact on ASEAN? From L to R: Speaker, Dr. Supachai Panitchpakdi, Khemmani Pholsena, Minister of Industry and Commerce of Lao PDR; Mr. Kuna Senathirajah, Former Deputy Prime Minister, Thailand and Former Director-General, World Trade Organization. Group Managing Director, QI Group and Mr. Max Say, Executive Director & Chief Partnership Moderator, Mr. Arin Jira, Chairman, ASEAN Business Advisory Council (ASEAN-BAC) / Vice Chairman, the Officer. Federation of Thai Industries / Co-Chairman, ASEAN Community Leadership & Partnership Forum.

Session 4: Pushing Ahead with Connectivity: Pathway to Regional Intergration and Prosperity. Presentation of ASEAN Entrepreneur of the Year Award to Mr. Goh Peng Ooi by Mr. Arin Jira From L to R: Speakers, Ambassador Su Ge, Chair, China National Committee for Pacific Economic during the Gala Dinner on 23 June 2019, ASEAN COmmunity Leadership & Partnership Forum. Cooperation (CNCPEC) / Former President, China institute for International Studies (CIIS) and From L to R: Tan Sri Michael Yeoh, Chairman, ASEAN Community Leandership and Partnership Ambassador Lee Hyuk, Secretary General, ASEAN-Korea Centre. Moderator, Ambassador Pradap Forum / President, Kingsley Strategic Institute for Asia Pacific (KSI) / Formerly Representative Pibulsonggram, Co-Chairman, ASEAN COmmunity Leadership & Partnership Forum / Former Member, of Malaysia to the High-Level Task Force on ASEAN Connectivity; Mr Goh Peng Ooi, Group ASEAN Connectivity Coordinating Committee. Executive Chairman, Silverlake Group and Mr. Arin Jira, Chairman, ASEAN Business Advisory Council (ASEAN-BAC) / Vice Chairman, the Federation of Thai Industries / Co-Chairman, ASEAN Community / Leadership and Partnership Forum.

that social problems accompanying Organization; Mr. Vijay Poonoosamy, University, Bangkok / Chairman, Chula technological development can eventually Director, International & Public Affairs, QI Global Network mentioned the young be solved. Group, Prof. Dr. Kriengsak Chareonwongsak, generation must be assured that there is Chairman of Nation-Building Institute, a better future for them from the business Beneficiaries of the digital economy are the Thailand; Dr. Benjamin R. Quinones, Jr. perspective. ASEAN has 213 million users rather than the creators, as increasing Founder, Asian Solidarity Economy Council youth from 13-45 years old. They try to numbers of people gain access to and make (ASEC); Ms. Mia Mikic, Director, Trade, find colleagues and communities around use of technology to get information and Investment and Innovation Division at the world by travelling or digital means. grow business, said Dr Yose Rizal Damuri, United Nations ESCAP and the moderator, Besides, the youth feel that they are part of Head of the Economics Department at Ms. Deborah Biber, Board Director, Pacific the global issues nowadays. the Centre for Strategic and International Basin Economic Council (PBEC), Studies, a Jakarta-based think tank. The panel also recommended that: For the session on Youth Forum: ASEAN’s • Business should deepen its collaboration In another session on Prioritizing Next Generation - Shaping the Future: with educational institutions toward the Sustainable Development Goals: Reimagining ASEAN, Fueling Innovation, internship and career opportunities in Partnership between Government, Business Dato’ Sri Dr. Vijay Eswaran, Executive order to prepare these Millennials for the and Civil Society, the panel reiterated Chairman of QI Group said the educational 21st century. the significance of private sector and civil institutions established in the 19th century • Educational institutions should play society organizations participation, tri- do not meet the requirement of workforce their roles in empowering youth to lead sector partnership and strategic leadership in 21th century. They will no longer be and engage in practical experience by in achieving the Sustainable Development satisfied with sitting down and listening to mentoring and using new advanced Goals. There must be more emphasis on lectures. For the educational institutions, digital technology to solve current global the individual role of institution, structure, they can set up internship programs to issues. process, law and regulation, value and prepare millennials before they graduate. norms, culture and tradition in building Currently there are many ASEAN study • To enhance ASEAN youth connectivity, sustainable and effective partnership. The abroad outside the region, and it is free and accessible English language session concluded by accentuating the significant to bring them home. English learning should be emphasized in order relevance of education (human capital), language would lead all ASEAN nations to reduce generation gaps and connect sustainable investment and consumption in to come together as one nation. And we them to larger borderless community. ASEAN’s path towards achieving the SDG should not look for solutions at our regional • Young entrepreneurs need to be by 2030. level, but from across the globe. supported through funding and partnership. The panelists are Dr. Supachai Panitchpakdi, Prof. Suthiphand Chirathivat, Executive Former Deputy Prime Minister, Thailand Director, ASEAN Studies Center / Professor and Former Director-General, World Trade Emeritus of Economics, Chulalongkorn 5 THE 2019 MALAYSIA ECONOMIC AND STRATEGIC OUTLOOK FORUM

The 2019 Malaysia Economic and Strategic Outlook Forum

29 January 2019 Hotel Istana Kuala Lumpur New Malaysia, New Beginning, New Opportunities

KSI’s President, Tan Sri Michael Yeoh presenting memento to YB Dato’s Seri Anwar Ibrahim, President of PKR.

L to R: Dato’ Kenny Goh, Co-Founder & CEO, Macro Kiosk Berhad; Mr Wolfgang Hruschka, Country Director, Konrad Adenauer Tan Sri Yong Poh Kon discussing a point with the MITI Minster. Stiftung; Tan Sri Michael Yeoh, President, KSI; YB Datuk Darell Leiking, Minister of International Trade and Industry; Datuk Seri Mohamed Iqbal Rawther, Executive Director, Farlim Group; Dato’ Henry Goh, Co-Founder & COO, Macro Kiosk Berhad and Mr Max Say, Executive Director & Chief Partnership Officer, KSI.

Kingsley Strategic Institute • Malaysia’s GDP growth is expected to to changes in future labour requirements. (KSI) organised the one-day slow to 4.6 percent in 2019, and 4.5 • The Malaysian government is still Malaysia Economic and Strategic percent in 2020. negotiating the RCEP and CTPPP, and is Outlook Forum with an impressive • More initiatives and incentives are also looking into the possibility of other needed to transform Malaysian job possible FTAs. However, the government line-up of speakers and structure from low-skilled jobs to high- must take heed of the needs of the interesting topics. skilled or technology-oriented jobs while business community when it negotiates reducing dependency on foreign labour. for FTAs. Arising from the various discussions at • The Pakatan Harapan government must • Forward looking policies and initiatives the Forum, the following key points were manage the people’s expectations and are needed to revive and strengthen captured: address factors causing discontent that various sectors, including tourism, SMEs, are causing racial and regional tensions. e-commerce, retail, and ICT by creating • Sustainable methods will become An equitable, needs-based economic more opportunities and to overcome commonplace in all forms of development policy needs to be obstacles, especially with the coming organisations with effects on daily implemented while convincing the Malay Industry 4.0. The government has very operations, but are worthwhile majority that such a policy will not cause outdated legislations which needs to be investments for the future. them to be marginalised. amended and modernised to prevent • The global economic outlook for 2019 is • Organsations need prepare for digital these sectors losing out competitively to uncertain due to external factors such disruptions and a changing work culture, other countries. as Brexit, movement of oil price, and such as the gig economy/contingent • The property market is on the downward geopolitical risks. The government must workforce and increased use of AI. These cycle, but this may flatten out in 2019 instil financial confidence by providing changes will lead to the introduction of and the situation may be positive by clear and firm economic policies. new jobs, but also cause job losses due 2020 and 2021. 6 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT

Asia Economic and Entrepreneurship Summit

20 June 2019 Palace of The Golden Horses Kuala Lumpur must work together to generate confidence so that conflicts and problems can be resolved. A conflict management The Future of Asia in a mechanism must be put in place to manage and overcome crises.

New Era of Disruption Third, Governments must be pro- business and be entrepreneurial friendly. Entrepreneurs can contribute to economic and Trade Wars growth and job creation and thereby assist in achieving shared prosperity. Promoting The Asia Economic and Entrepreneurship In his speech, he told the audience that entrepreneurship will help generate wealth. Summit is a high-level Forum bringing the Future of Asia depends on several key The focus should be young entrepreneurs together Government, Eminent Industry success factors: as well as women entrepreneurs. Leaders, Academic and Thought Leaders to discuss and debate the Future of Asia in First, is the need to develop our human Fourth, Asia needs sustainable and inclusive this new era of disruption and trade wars. It capital. We need to overhaul our education growth to ensure our environment is also addresses the key economic challenges system to prepare for the Future of Work protected for future generations whilst facing Asia in particular the 4E’s – economic that will be based on a digital economy inclusive growth will help address the sustainability, environment, education and and the 4th industrial revolution where challenge of eradicating poverty and energy. Themed “The Future of Asia in a new skills in robotics, artificial intelligence, inequalities. New Era of Disruption and Trade Wars, the the internet of things will be necessary. one-day Summit was jointly organized with Lifelong learning is also essential. Fifth, we need to ensure that with the the Pacific Basin Economic Council (PBEC) rapid tempo of development here in Asia, and was officiated by the Deputy Minister of Second, is the need to maintain regional we don’t lose our moral values. We must Entrepreneur Development, Datuk Seri Dr. peace and stability. Asia’s prosperity needs continue to be guided by our common Mohd Hatta Ramli held on 20 June 2019 at a peaceful and stable environment for Asian values of good morals, honesty, the Palace of the Golden Horses. business to grow and thrive. Governments integrity, tolerance and mutual respect.

Group photography with the Deputy Minister of Entrepreneur Development, Datuk Wira Dr Mohd Hatta Md Ramli.

Conferment of the Asia Pacific Young Entrepreneur Award of the Year to Dato’ Kenng Goh, Co-Founder & CEO; Dato’ Henry Goh, Co-Founder Dato’ Sri (Dr) Alan Kuang, Chairman of Windor Sdn Bhd receiving a memento/plaque from YB Datuk Wira Dr Mohd Hatta Md Ramli, & CFO; Mr. CS Goh, Co-Founder & COO, Macro Kiosk Bhd by YB Dato’ Deputy Minister of Entrepreneur Development. Looking are Tan Sri Michael Yeoh, Tan Sri Lee Kim Yew and Mr. Michael Walsh. Seri Mohamed Azmin Ali. Looking on are Tan Sri Michael Yeoh, President of KSI and Mr Michael Walsh, Chief Executive of PBEC. 7 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT

Panel Speakers at the Session on Envisioning and promoting Speaker at the session on The Future of Asia. L to R: HE Seated L to R: H.E. Ambassador Dr. Su Ge, Chair, China National the green economy. L to R: Prof. Datuk Dr. Denison Jayasooria, Ambassador Dr. Su Ge, Chair, China National Committee Committee for Pacific Economic Cooperation; Tan Sri Michael Chairman, Asian Solidarity Economy Council; Ms R. Puvaneswari, for Pacific Economic Cooperation (CNCPEC); HE Dr. Makio Yeoh, President of KSI; YB Dato’ Seri Mohamed Azmin Ali, Minister CEO, MYBiomass Sdn Bhd; Datuk Seri Mohamed Iqbal Rawther, Miyagawa, Ambassador of Japan to Malaysia and Datuk (Dr) of Economic Affairs and Mr Michael Walsh, Chief Executive of Group Deputy Chairman, Farlim Group (Malaysia) Berhad; Ms Vinod Sekhar, Chairman, Petra Group & Sekhar Institute. PBEC. Posing behind were Dato’ Sri Dr. How Kok Choong (Centre) Yasmin Rasyid, Program Director & Social Entrepreneurshi, Chairman & CEO, Agape ATP Corp and his fellow colleagues. MaGIC and Mrs Alexandra Boakes Tracy, President, Hoi Ping Ventures, Hong Kong.

The Deputy Minister has also stressed that global trade or technology wars do not benefit anyone or any country. We will all be losers though some may lose more, other may gain slightly but in the long term will be losers. Protectionism will not benefit any country and we should look at win-win outcomes. The future of Asia is exciting with projections that several of the 10 largest World Economies will be in Asia – China, Japan, India, Indonesia, Mr Zaim Mohzani, Founder, of MyDiplomacy charing the session Speakers at the Session on Entrepreneurship in the New Digital on Entrepreneurship in the New Digital Economy. On his left Economy. L to R: Mr. Dean Thompson, Deputy Chief of Mission Pakistan and Korea. is Prof. Annie Koh, Vice President of Business Development & US Embassy in KL; Ms Deborah Melissa Bottreau, President, Professor of Finance, Singapore Management University and far Global Entrepreneurship Movement Association and Mr Zaim left is Dato’ Henry Goh, Co-Founder & Chief Operating Officer, Mohzani, Founder, MyDiplomacy / Global Shaper, World Among the pertinent topics that were Macro Kiosk Berhad. Economic Forum. addressed at the Summit are: • The Future of Asia – How will disruption, geopolitics and the 4th industrial revolution impact on Asia; • Trade and investments in the multilateral systems: Coping with rising protectionism and trade wars; • Enhancing intra-Asia connectivity: challenges, risks and opportunities; • Envisioning and promoting the green

economy: green energy, environment and L to R: Datuk (Dr) Vinod Sekhar, Chairman, Petra Group & Mr Goh Peng Ooi, Group Executive Chairman, Silverlake Group climate change; Sekhar Institute; HE Shri Mridul Kumar, High Commissioner of participating at the Q&A session. Looking on is HE Charles Hay India to Malaysia and HE Charles Hay MVO, High Commissioner MVO, High Commissioner of the United Kingdom to Malaysia. • Entrepreneurship in the new digital of the United Kingdom to Malaysia. economy: managing risks, rewards and opportunities; • Developing youth entrepreneurship: challenges facing young entrepreneurs; • Partnering for sustainable development goals Panel distinguished role-players include HE Ambassador Dr. Su Ge, Chair, China National Committee for Pacific Economic Cooperation (CNCPEC) and former President, China

Institute for International Studies (CIIS); L to R: HE Dr. Makio Miyagawa, Ambassador of Japan to Minister of Economic Affairs, YB Dato’ Seri Mohamed Azmin HE Dr. Makio Miyagawa, Ambassador of Malaysia; HE Olexander Nechytaylo, Ambassador of Ukraine Ali delivering the Special Address at the Gala Dinner. Looking to Malaysia; HE Charles Hay MVO, High Commissioner of the on were KSI’s President, Tan Sri Michael Yeoh and PBEC’s Chief Japan to Malaysia; HE Shri Mridul Kumar, United Kingdom to Malaysia; Tan Sri Michael Yeoh, President of Executive, Mr Michael Walsh. KSI; HE Ambassador Dr. Su Ge, Chair, China National Committee High Commissioner of India to Malaysia; for Pacific Economic Cooperation; Mr Max Say, Executive HE Charles Hay MVO, High Commissioner Director/Chief Partnership Officer, KSI and Dato Sri (Dr) Alan Kuang, Chairman of Windor Sdn Bhd. of the United Kingdom to Malaysia; Mr Goh Peng Ooi, Group Executive Chairman, Alexandra Boakes Tracy, President, Hoi Ping The Summit was followed by a Gala Dinner Silverlake Group; Datuk (Dr) Vinod Sekhar, Ventures, Hong Kong; Datuk Seri Mohamed and Keynote Address by the Minister of Chairman, Petra Group & Sekhar Institute; Iqbal Rawther, Group Deputy Chairman, Economic Affairs, YB Dato’ Seri Mohamed Mr Michael Walsh, Chief Executive, Pacific Farlim Group (Malaysia) Berhad; Dato’ Henry Azmin Ali. In his speech, he stressed that Basin Economic Council; Dr. Oh Ei Sun, Senior Goh, Co-Founder & Chief Operating Officer, Asia should continue what it can to ensure an Fellow, Singapore Institute of International Macro Kiosk Berhad; Mr Dean Thompson, open and rule-based trade and investment Studies; Mr Shazali Sulaiman, Partner, KPMG Deputy Chief of Mission, U.S. Embassy Kuala regime. It also needs to find ways to continue Brunei Darussalam; Prof. Dato’ Dr. Chin Yew Lumpur; Prof. Annie Koh, Vice President, to engage the US and China. To achieve this, a Sin, JP, Advisor for Asia Pacific Region, Global Business Development, V3 Group Professor three pronged approach needs to be followed: One Belt One Road Association; Mr Alexander of Family Entrepreneurship, Professor of • (a) unilateral reforms, Wan, President, China CEO Roundtable; Prof. Finance (Practice), Singapore Management • (b) regional economic integration, and Datuk Dr. Denison Jayasooria, Chairman, University; Ms Deborah Melissa Bottreau, • (c) upholding the multilateral trading Asian Solidarity Economy Council; Ms R. President, Global Entrepreneurship Movement system. Puvaneswari, CEO, MYBiomass Sdn Bhd; Association / Secretary General, ASEAN Ms Yasmin Rasyid, Program Director, Social Young Entrepreneurs Council; Mr Zaim Entrepreneurship (MasSIVE), Malaysian Global Mohzani, Founder, MyDiplomacy / Global Innovation & Creativity Centre (MaGIC); Mrs Shaper, World Economic Forum. 8 WORLD CHINESE BUSINESS & ECONOMIC SUMMIT

Enhancing Partnerships and Shared Prosperity Through the BRI

17 October 2019 Venetian Macao Resort Hotel World Chinese Business & Economic Summit 2019 Sir Liu Changle receiving a memento from Tan Sri Lee Kim Yew.

Mr Richard Zinkiewicz, Qi Group and Mr Goh Peng Ooi, WCBES International of the Advisory Council Meeting. On the Right: Mr Max Say, Dr Oh Ei Sun, Dr Gregory Chow, Cr. Craig Chung, Mr Executive Chairman, Silverlake Axis Ltd. Edmond Yeo and Dato Seri Ooi Chean See. On the Left: Mr Voon Zhen Yi, Tan Sri Michael Yeoh, Mr Ian Buchanan, Ms Caroline Cheong and Dato’ Jean Wong.

Cheung Kong Graduate School of Business, Beijing; Dr. Edward Tse, Chairman, Gao Feng Advisory Company and Former Chairman for Greater China of Booz & Co.; Prof. Zhou Zunnan, Senior Professor and Doctoral Adviser of China Foreign Affairs University; Mr Norman Swanson, President of Global Equity Corporation; and moderated by Mr Ian C. Buchanan, Chairman, Australian Pacific Economic Cooperation Committee (AusPECC) / Former Chairman, Booz & Co., Australia and Southeast Asia. This session focus on Asian Geo-economics – the challenges and risks facing economies in the region amidst YB Teresa Kok, Minister of Primary Industries; Sir Liu Changle, Chairman, Phoenix The Organising Chairman, Tan Sri Michael Satelite TV (Centre); and Tan Sri Barry Goh, Chairman, KSI. Yeoh with the Secretary of Finance and a global economic slowdown and uncertainty Economy of Macao SAR, Hon Leong Vai Tuk. over trade wars.

The 2019 World Chinese Business and Economic for investment and collaboration. It is also serve The session on the Digital Silk Road emphasized Summit (WCBES) was held in conjunction with as an important support pillar for the Belt and on the Gearing Up for Digital Disruption and the the 16th World Summit of Chinese Entrepreneurs Road Initiative, the Bay Area comprises nine 4th Industrial Revolution. How business and on 17 October 2019 at the Venetian Macao Pearl River Delta cities in Guangdong province society will live in the future with the growing Resort Hotel. Under the theme Enhancing and the two special administrative regions of impact of Artificial Intelligence, Robotics, Partnerships and Shared Prosperity Through Hong Kong and Macao. Internet of Things and Fintech. Panelists of this the BRI, the Summit provides a platform for session include Mr Narayana Murthy, Founder Government, Business, Think Tanks and Scholars Panelists of this special session include Ms Maria and Chairman, Infosys Limited, India; Mr Goh to discuss the importance of business as a driver Helena de Senna Fernandes, Director, Macao Peng Ooi, Founder and Executive Chairman, of sustainable economic growth and people- Government Tourism Office; Dr. Wilfred Wong Silverlake Axis Ltd; Mr Georg Chmiel, Executive to-people exchange. The WCBES promotes Ying-wai, President & Executive Director, Sands Chairman, Juwai.com; Mr Pindar Wong, entrepreneurship, smart partnerships, the digital Group Ltd / Former Chairman, Pacific Basin Chairman, VeriFi (Hong Kong) Limited; Dr. Lee Oi economy, connectivity and green growth. It Economic Council (PBEC); Dr. Wang Wanli, Kum, Chairman, e-Komoditi Sdn Bhd; Mr Vincent also aims to connect the East and West and the Executive Director of Hong Kong, Macao and Wong, Chairman, Mulia Global Sdn Bhd; Mr Global Chinese Diaspora. Regional Development Research Department, Arin Jira, Chairman, ASEAN Business Advisory The Summit was held to coincide with the 20th China Development Institute; Ms Diana Chou, Council, Thailand; Ms Lynn Tian Swanson, Anniversary of the establishment of the Macao Chairman, L’Voyage Limited, Hong Kong; Dr. Chairman and CEO of Global Equity Corporation Special Administrative Region and the 70th Oh Ei Sun, Senior Fellow, Singapore Institute and moderated by Dato’ Henry Goh, Co-Founder Anniversary of the establishment of the People’s of International Affairs; Simon Lee, Managing & Chief Operating Officer, Macro Kiosk Berhad. Republic of China. It is also the 45th Anniversary Director, STM Developments, Australia and Ms of the establishment of diplomatic relations Deborah Biber, Director, Pacific Basin Economic Both sessions on the Entrepreneurship and between Malaysia and China. Council, Hong Kong as the moderator. Social Enterprise were held concurrently with the session on Beidou Navigation and Big Data. The Summit was kicked off with the special Panelists of the session on The Future of Asia Speakers at the Entrepreneurship and Social session on the Greater Bay Area, co-branded include Dr. Wang Huiyao, Counsellor of The State Enterprise include Dato’ Sri Dr. How Kok Choong, with China Daily Asia Pacific. The rise of the Council, PRC and President, Center for China Chairman & CEO, AGAPE ATP Corporation Guangdong-Hong Kong-Macau Greater Bay Area and Globalization; Mr Naoki Tanaka, President, Group of Companies; Dato’ Chevy Beh, Founder to become a world-class city cluster means huge Center for International Public Policy Studies, & CEO, BookDoc; Dato’ Henry Goh, Co-Founder opportunities for Southeast Asian entrepreneurs Japan; Prof. Dr. Xiang Bing, Founding Dean, & Chief Operating Officer, Macro Kiosk Berhad; 9 WORLD CHINESE BUSINESS & ECONOMIC SUMMIT

Mr Alexander Wan, President, China CEO Germany; Bishop Prof. Dr. Dennis Ng, Chairman, Sin, JP, Advisor for Asia Pacific Region, Global Roundtable and moderated by Sr. Miranda Lui, Victory Ministries Foundation Ltd / Institute One Belt One Road Association; Mr Sun Zhiguo, Chairlady, Global BIM Centre of Excellence, Hong of International Harmony and Sustainable Vice Chairman & Secretary, General China Kong & World Chinese Enterprising Association. Development, Hong Kong and the session was (Sanya) Public Diplomacy Institute and Co- Panelists at the Beidou Navigation and Big Data moderated by Prof. Sun Jianrong, Associate Chairman, Zheng He International Friendship include Mr Zhou Sheng Kuo, Editor-in-Chief/ Vice President, Macau University of Science and Association; Ambassador Delia D. Albert, Former Head of Department of Shandong Radio and Technology & Dean, University International Foreign Secretary of the Philippines/ Senior Television; Mr Zhao Biao, General Manager College. Adviser, SGV & Co.; Dato’ Joseph Lim, Founder, of Jiangsu Star Network Time Frequency Global Green Synergy Sdn Bhd / Vice President, Technology Co. Ltd.; Mr Xing Yao Nan, Vice Role-players from the E-Commerce session were Malaysia-China Chamber of Commerce; President cum Investment Expert, Wealth Spring Madam Yu Xiao Yi, Chairman, Presidium and Mr Ravindra Ngo, President, Cambodian (Beijing) Co. Ltd.; Madam Liu Da Ke, Deputy Vice Secretary-General of China International Association of Hong Kong and Member, President, GNSS and LBS Association of China; Chamber of Commerce for the Private Sector Pacific Basin Economic Council; Mr Luo Sheng Mr. Wang Quan Jun, Deputy President, GNSS (CICCPS) / Vice President, Shandong General Chang, Supervisor/Vice President, China Urban and LBS Association of China; Mr. Guan Zhi Chamber of Commerce; Dr. Yan Lijin, Chairman, Infrastructure Chamber of Commerce; Mr Fred Jun, International Business Manager of Qianxun China Silk Road Group and Chairman, China Wang Cheung Yue, Chairman, Salon Films Group; Spatial Intelligence Inc.; and moderated by Mr Pakistan Economic Corridor Council; Dr. Xu Jun, and was moderated by Dr. Yan Lijin, Chairman, Xiao Xiong Bing, Deputy Secretary-General of Director, Secretary General, China Silk Road Silk Road International Foundation & Chairman, GNSS and LBS Association of China. Development Fund; Mr Gu Jian Guo, Deputy China Pakistan Economic Cooperative Council. Director/Group Deputy General Manager, Another concurrent session was held on the Jiangsu Broadcasting Corporation; Mr Li Zhao, The Gala Dinner was hosted by the Founder Global Chinese Diaspora and A New Viewpoint Former Deputy Director-General, General and Patron, Tan Sri Lee Kim Yew. The PM’s on the E-Commerce Along the Silk Road- Administration of Civil Aviation of China; Madam Message was read out by Hon. Teresa Kok to the Promote the Customer Protection. Distinguished Wang Li Juan, General Manager/Executive audience. There was a Cultural Performance by role-players on the Global Chinese Diaspora Director, Shandong Radio and TV Shaoya Culture Children from Shandong, China to add on to the include Mr Edmond Yeo, JP, Chairman, Chinese Media Co. Ltd.; and was moderated by Mr Fu ambience of the Gala Dinner. Information and Advice Centre (CIAC) / former Cheng Peng, Professor cum Chief Scientist, Councillor, London Borough of Ealing; Cr. Craig National Next Generation Internet Industry The Supporting Organizations includeMalaysian Chung, Councillor, City of Sydney, Australia Mr Technology Innovation Strategic Alliance. Chamber of Commerce Hong Kong (MAYCHAM) Marty Mei, Senior Adviser to Premier of Victoria, and Chinese Information and A dvice Centre Australia; Datuk David Chua, Managing Director, The Opening Ceremony was officiated by both (CIAC). The Media Partners were China Daily DC & A Group Sdn Bhd; Dato’ Seri Ooi Chean Mrs Irene Lau, President, Macao Trade and Asia Pacific, The New York Times and Sin Chew See, Former Tourism Ambassador Malaysia to Investment Promotion Institute and Hon. Teresa Jit Poh. Kok, Minister of Primary Industries, Malaysia. Hon. Teresa Kok’s speech was mainly revolved The WCBES was made possible with the on three key commodities, namely palm oil, support from our Strategic Partners: Qi Group; cocoa-based products and timber. She also Silverlake Axis Ltd; Xia Hao Pan Group; Wynn spoke about exchanging views on the state of Macau Limited; AGAPE ATP Corporation Group global economy, the business opportunities of Companies; Yu Lay Marble Development Co. lie in growing ASEAN and Chinese markets Ltd; MUI Group; MEBO Group; Ci Hang Group and the way forward in the digital economy. Co. Ltd; Zhongyi Media, China; Guangdong Immediately after her speech, the Organising Dulong Automobile Machinery and Equipment Committee members and Corporate Partners Manufacturing Co. Ltd., China; Bank Mayapada, were invited to the Ribbon Cutting Ceremony to Indonesia; Kuok Group. mark the official Opening of the WCBES. Back Cover: 11 key leaders / individuals from Thereafter the Summit continues with the last various countries were selected to receive the Dr. Wang Huiyao, Counsellor of The State Council, PRC and session on the Maritime Silk Road. Role-Players WCBES Lifetime Achievement Awards. President, Center for China and Globalization sharing a of this session include Prof. Dato’ Dr. Chin Yew point. Looking on is Mr Naoki Tanaka, President, Center for International Public Policy Studies, Japan.

Mr Goh Peng Ooi, Executive Chairman, Silverlake Axis Ltd Dr. Yan Lijin, Chairman, Silk Road International Foundation with Datuk David Chua, Managing Director of DC&A Group delivering presenting his views whilst Mr Narayana Murthy, Chairman of Mr Fred Wang, Chairman, Salon Films Group on his left. his views whilst Mr Edmond Yeo, Chairman, Chinese Information Infosys Limited, India looks on. and Advice centre looks on.

Ms Deborah Biber, Director, PBEC chairing the Greater Bay Area Tan Sri Azman Hashim recipient of the WCBES Lifetime Achievement Award with KSI Team. session whilst Dr. Wilfred Wong Ying-wai, President & Executive Director, Sands Group looks on. 10 DIGITAL HR & TALENT MANAGEMENT

Digital HR & Talent under the impulse of automation and population Management Conference 2019 ageing. Greater investment in education and training will be required to prepare the country for the future of work and help it move up the 27 August 2019 value chain. Adults need better access to up- Berjaya Times Square Hotel in Kuala Lumpur skilling and re-skilling opportunities to ensure that their skills remain relevant. Technological adoption is also critical to boost productivity and transition to a high-income economy. Efforts should continue to attract foreign direct Transforming investment, promote entrepreneurship and uptake of new technology. Human Capital About 120 delegates participated at this one- to be Future-Ready day Forum.

Tan Sri Michael Yeoh presenting a memento to Mr Tian Chua.

Chairman Malaysian Productuvuty Corporation Mr Tian Chua with Speakers at the Forum.

The Kingsley Strategic Institute for Asia fair play and justice finding manifestation, in its Pacific (KSI) organised the Digital HR & Talent practices, could go a long way in preparing the Management Conference on 27 August 2019 at right kind of soil for nurturing productivity. the Berjaya Times Square Hotel in Kuala Lumpur. It brings together experts in the field of human Malaysia’s overall labour productivity (by Speakers Dr Tan Juan Jim, Mr Anthony Raja Devadoss, Ms resources as well as practitioners of HR, such employment) grew 2.2% in Q1 2019, with an Caroline Ong, Dr Henry Yeoh and Ms Roslinda Abu Bakar. as HR managers and heads of businesses to identical 2.2% increase in overall employment discuss ways of having effective and strategic HR recorded over the previous quarter. According practices. to the Department of Statistics Malaysia’s Labour Productivity of First Quarter 2019 report, The Chairman of the Malaysian Productivity when split by sectors – agriculture, mining and Corporation, Mr Tian Chua delivered the quarrying, manufacturing, construction, and Opening Keynote Address and spoke on the services, the construction sector recorded the importance of human resources in bringing out highest labour productivity by employment of the best in an organisation. He also stressed 4.5%. that the philosophy and the basic principles underlying the spirit of an organization will play Malaysia faces substantial labour market an important role in the quest for improved imbalances and shortages of workers across the Prof. Peter Shephard, Dr Henry Yeoh and Prof. Khaeruddin productivity. High degree of morality, integrity, skills spectrum, with further difficulties expected Sudharmin.

Tan Sri Michael Yeoh attends UN Escap Executive Council Meeting of Sustainable Business Network as Executive Council Member.

At our Escap Executive council meeting in the UN Bangkok we were informed that NOT ONE Asia Pacific Country is able to achieve any of the 17 SDGs by 2030. UN Escap Executive Secretary reported that the Economic development of Asia Pacific has been at great cost to the environment and impacting on social economic development. Hence ESCAP will focus on 3 Core Priorities:

Working together Rapid advancement of digital The UN ESCAP Sustainable Business Network Executive Council meeting at the UN Building in Bangkok. to overcome the economy as digital economy climate crisis. can be both accelerator and disruptor for economic growth and the need to embrace the digital economy Consumption to help achieve the SDGs. and production practices which are not sustainable as UN Escap will also promote current consumption the principles for responsible and production banking which has been have contributed to embraced by global banks but Tan Sri Michael Yeoh at the UN ESCAP meeting in Bangkok with other Executive Council members growing inequalitites. not enough Asia Pacific banks. Mr Assif Ibrahim, Ms Barbara Meynert and Ms Deborah Biber. 11 MALAYSIAN ECONOMIC SUMMIT 2019

Malaysian Economic Mohd Saidie, Head of Economic Research, Summit 2019 Kenanga Investment Bank; Mr. Alan Tan Chew Leong, Head of Research/ Chief 4 July 2019 Economist, Affin Hwang Investment Berjaya Times Square Kuala Lumpur Bank; Mr. Patrick Tay, Senior Executive Director, PwC and the moderator, Dr. Madeline Berma, Fellow, Academy of Sciences Malaysia (ASM) / Commissioner, SUKHAKAM spoke. They spoke of the The Challenge need to focus and be more aggressive at doing the necessary things to improve our productivity and consequently economic for Malaysia - performance; to identify whether it is inside-out or demand-led capability-driven approach to Investing in and developing Shared Prosperity, new sources of growth and sharing gains more equitably through joint effort and alignment of outcomes. the panel also Competitiveness & said the government should not be too concerned about a slightly higher fiscal deficit, but instead be more worry about the Economic Growth current global economic conditions. They also stressed a need to sustain the domestic economy, and to ensure no revenue shortfall in direct taxation collected in the forms of The Malaysian Economic Summit 2019 with Minister, YB Datuk Seri Mohd Redzuan corporate and personal income taxes. the theme, “The Challenge for Malaysia Md Yusof in his special keynote address - Shared Prosperity, Competitiveness & spoke of the government’s slow response Economic Growth” was held on 4 July 2019 to investors in the cabinet and relevant at the Berjaya Times Square Hotel in Kuala government agencies to encourage swifter Lumpur. response. He added that we need to work faster or else we will lose out as some This Summit was opened by the Deputy investors are now shying away. He stressed Minister of Domestic Trade and Consumer that it would be a waste not to capitalise on Affairs, YB Chong Chieng Jen, representing these opportunities as Malaysia has a lot of the Minister, YB Datuk Seri Saifuddin talent and innovators who need funding to Nasution bin Ismail. In his opening address, advance their projects. From L to R: YB Datuk Seri Mohd Redzuan Yusof, Minister of Entrepreneur Development, Malaysia; Tan Sri Michael Yeoh, YB Chong spoke, amongst others, how President of KSI; Mr. Max Say, Executive Director & Chief digital technologies empower consumers YB Datuk Seri Mohd Redzuan also said Partnership Officer, KSI and Datuk Seri Haji Mohamed Iqbal Rawther, Chairman, Economic Club of Kuala Lumpur. with the affordability of digital technologies the government will launch the National and the growing popularity of e-commerce Entrepreneurship Policy 2030 (NEP2030) have provided at once tremendous on July 11, 2019. It is a long-term strategic opportunities for consumer empowerment, plan to establish Malaysia as a fully-fledged but also challenges to consumer rights entrepreneurial nation by 2030 and he protection. hopes to improve Malaysia’s position in the Global Entrepreneurship and Development He also spoke about the challenges to Index (GEDI) to 25th place by 2030, from consumer rights protection in the digital 58th currently. era which covers the collection and use of personal data, network security, deception In the first panel on Malaysia’s Economy Ms. Caroline Cheong, Cheif Operating Officer / Executive and liability issues and lack of sponsorship In 2019 and Beyond: What Do the Experts Director, Research & Programs, KSI welcoming YB Chong Chieng Jen, Deputy Minister, Ministry of Domestic Trade & Consumer disclosure Entrepreneur Development Say, the panellists Mr. Wan Suhaimie Wan Affairs Malaysia. Looking are Tan Sri Michael Yeoh, KSI President.

Group photo of KSI Team and Summit Participants with Guest-of-Honour YB Datuk Seri Mohd Redzuan Yusof, Minister of Entrepreneur Development, Malaysia at the Malaysian Economic Summit on 4 July 2019 at Berjaya Times Square Hotel Kuala Lumpur. 12 MALAYSIAN ECONOMIC SUMMIT 2019

In another panel discussion on Financial Ms. Jurizan Abdullah, Team Lead, Policy Resolving the Poverty Conundrum informed Literacy & Coping with the Rising Cost and Scheme Redesign Project, Strategy that from the official figures, there is an of Living, Datuk Wira (Dr) Haji Ameer Ali Management Department, Employees increase in the number of hardcore poor Mydin, Managing Director, Mydin Mohamed Provident Fund (EPF) said that financial families, 90, comparing to a year ago. There Holdings Berhad spoke on how Malaysia’s education should start from a very is, however, a decrease of number of poor rising cost of living has been hogging the young age and that Malaysians have families in Sarawak, by 701. Hence, there is limelight over the last few years. From prices low financial literacy compared to the a decrease of 611 Sarawakian families who of houses to services and daily necessities, Scandinavian countries. She added that are categorized as poor or hardcore poor. consumers in many parts of the country, low financial literacy leads to poor decisions Having said that, it is not something we can especially major cities, are feeling the heat. and behaviour and that EPF provide be proud of. He added that the main issue of increase replacement income when a person is no in cost of living stems from other non-food longer fully productive or not working. While Sabah has the highest number of factors such as transportation, property families categorized as hard-core poor, it and utility prices couple with the stagnant YB See Chee How, State Assemblyman for is just a tiny fraction more than Sarawak. minimum wage. He stressed that there is a Batu Lintang (Sarawak) / Special Officer, Kelantan records the highest number of dire need to focus on financial education in Ministry of Works for the State in the 3rd poor families, again just slightly more schools to ensure financial literacy is a core panel on Poverty and Shared Prosperity - than Sarawak. Sarawak has the highest subject coupled with the right civic values to produce Malaysian’s future hard working and productive population to kick start a new Malaysian revolution to realize the dream of a high income nation with the attitude to sustain the environment from then on to many years thereafter Dr Carmelo Ferlito, Senior Fellow, Institute for Democracy and Economic Affairs (IDEAS) talked about the need to develop basic finance and economics courses for high-school at every level. Finance, business and economics which must be properly taught is important too.

Presentation of Memento to YB Datuk Seri Mohd Redzuan From L to R: Ms. Yasodha Balakrishnan, QI Group; Mr. Krishna Kumar, Director of QI Group; Datuk Seri Haji Mohamed Iqbal Rawther, Yusof, Minister of Entrepreneur Development Malaysia by Datuk Chairman, Economic Club of Kuala Lumpur; YB Datuk Seri Mohd Redzuan Yusof, Minister of Entrepreneur Development, Malaysia; Seri Haji Mohamed Iqbal Rawther, Chairman, Economic Club of Tan Sri Michael Yeoh, President, Kingsley Strategic Institute for Asia Pacific (KSI); Mr. Max Say, Executive Director & Chief Partnership Kuala Lumpur at the Malaysian Economic Summit. Looking are Officer, KSI and Datuk Michael Kang, President, SME Association Malaysia. Tan Sri Michael Yeoh, KSI President. combined number of poor and hard-core poor families in the country, accounting for almost 30% of the national aggregate.

Dr. Kenneth Simler, Senior Economist, The World Bank offered three observations on “Resolving the Poverty Conundrum” - a) Set Goals Higher and Take Account of Differential Household Needs; b) The GDP Growth Rate and Household Income Distribution are Jointly Determined and, c) Progressive taxation and public expenditure reinforce the equitable sharing of prosperity.

Dr Jeyakumar spoke about the structural causes of poverty in Malaysia. according to government statistics, poverty is virtually non-existent in Malaysia as the poverty line was fixed at ridiculously low levels. Till today that poverty line is not reflective of today’s reality. A more realistic poverty line would be a household income of RM3000 per month which would be about 50% of From L to R: Mr. Krishna Kumar, Director of QI Group; Datuk Seri Haji Mohamed Iqbal Rwther, Chairman, Economic Club of Kuala the current median household income. Lumpur; YB Chong Chieng Jen, Deputy Minister, Ministry of Domestic Trade & Consumer Affairs Malaysia; Tan Sri Michael Yeoh, President, Kingsley Strategic Institute for Asia Pacific (KSI); Tan Sri Rainer Althoff and Academician Tan Sri Datuk Dr. Omar Abdul About 25% of Malaysian household are Rahman, Chairman Commonwealth Partnership for Technology Management (CPTM) / Senior Fellow and Founding President, Academy of Sciences Malaysia / Senior Distinguished Feollow, KSI / Formerly Science Adviser in the Prime Minister’s Department below this income level. (1984-2000). 13 THIRD AGE & LONGEVITY ECONOMY FORUM

2019 Third Age & Dr. Ling Sien Ngan, President, Kuala Lumpur Longevity Economy Forum Academy of Social Sciences and Dr. Wong Teck Wee, President, Malaysian Healthy Ageing Society. 26 September 2019 Ms Balqais Yusoff, Head of Strategy Management Berjaya Times Square Hotel, Kuala Lumpur Department, EPF spoke about a survey done on the preference of Malaysians on retirement. 38% said they would prefer to retire in their 50s, 17% in their 60s and 1% in their 70s. She also added that as you work longer, you also live longer and Unlocking the presented some options of jobs for the elderly. The last session of the forum discussed Winning Longevity Economy, Hearts and Minds: The Retirement Village of the Future. In this session a diverse group of panellists comprising the moderator, Prof. Generating New Growth Nathan Vytialingam, Advisor, Malaysian Healthy Ageing Society, and Panellists - Ms. Sue Lee, Chief Executive Officer, ReGen Rehabilitation and New Opportunities International Sdn Bhd; Mr. Victor Fong, Founder / Managing Director, Eden-on-the-Park Sdn In 2018, for the first time in history, those aged and Community Development in implementing Bhd; Dr. Ejaz Ahmad Chaudhry, CEO / Founder, 65 or older outnumbered children younger than the National Policy for the Elderly. This policy Noble Care Malaysia, Mr. Kevin Hoong, Head five globally. And the number of people aged was adopted to establish a society of the elderly of Expansion, Homage Malaysia and Dr. Carol 80 years or older is projected to triple, from 143 who are contented, dignified, possessed of a Yip, Chief Executive Officer, Aged Care Group million in 2019 to 426 million in 2050. high sense of self-worth, and optimising their Sdn Bhd, spoke about the next generation of potential, as well as to ensure that they enjoy all retirement villages that offers mixed development The population aged 65 and older is growing opportunities besides being given the care and integrating various commercial offerings and faster than all other age groups, especially as the protection as members of a family, society and healthcare facilities and services. global birth rate has been plummeting since the the nation. second half of the 20th Century. According to the World Health Organization, fertility rates in every Dr Yau Weng Keong in a session on The region except Africa are near or below what’s Longevity Reform - Is Malaysia Prepared for considered the ‘replacement rate’ – the level The Longevity Challenge? What Are the New needed to keep a population stable. In most high- Opportunities In Aged Care? opined that income countries this hovers around 2.1 children Malaysia’s ageing population faces challenges of per woman. lacking in basic infrastructure such as accessibility to places and to people. We need a coordinated The population isn’t just ageing, though: people and holistic system in place to cater for our are living longer and increasing their ‘healthspan’ ageing population. for prolonged health, too. That means that as the Tan Sri Michael Yeoh, President KSI presenting a memento to the population of elders increases, so grows a group Mr Rangam Bir, CEO of Gibraltar BSN Life Berhad Deputy Health Minister, YB Dr Lee Boon Chye at the 2019 THIRD AGE & LONGEVITY ECONOMY FORUM “Unlocking the Longevity of consumers, workers and innovators. In other said that maximizing the benefits of Malaysia’s Economy, Generating New Growth and New Opportunities” words, they’re not simply a group that needs demographic dividend requires a comprehensive services from the ‘silver economy’, which is aimed action plant to benefit from healthier longevity. solely at older and ageing people – rather, the He added that there is a need to think beyond ageing population can continue to be full-service medical solutions and infrastructure to social participants in the economy at large. and public solutions and infrastructure to make change sustainable and long lasting and that The Deputy Minister of Health, YB Dr Lee Boon the focus should be on improving lifestyles with Chye in his Keynote Address said that in Malaysia, a comprehensive strategy so that longevity is a we are expected to have reached the status of an fulfilling experience and not a burden, ageing nation with 15% of the population above the age of 60 by 2030. In the NHMS 2018, which The other panellists at this session were Dr. The Deputy Minister of Health together with the President of KSI and speakers posing for a photograph in the holding room. L to was published in May 2019, 6% of our elderly Chua Hong Teck, Independent Public Policy and R: Mr Max Say, Chief Partnership Officer, KSI; Ms. Sue Lee, Chief Executive Officer, ReGen Rehabilitation International Sdn Bhd; Tan aged 60 lived alone with 30% had poor social Healthcare Adviser and Prof Datuk Dr Tengku Sri Michael Yeoh, President, KSI; YB Dr Lee Boon Chye, Deputy support even though 70% of them remained Aizan Hamid, Director Malaysian Research Minister of Health and Dato’ Jean Wong, Business Adviser, KSI. active. 10% of them had dementia, 30% had Institute on Ageing (Myageing) and was depression, similarly 30% had diabetes, 40% moderated by Ms Nik Tasha Nik Kamaruddin, had urinary incontinence and half of them had Director, Ipsos Sdn Bhd hypertension. 15% of them also experienced falls KSI President appointed as Patron over past 12 months. Session 2 on The Age of Innovation- How Will of YMCA Kuala Lumpur and Board Innovation Benefit the Elderly? comprises of Member of ICC Malaysia. The result of this survey illustrates the health Datuk Mark Rozario, Chief Executive Officer, issues as well as challenges we face related to GE Malaysia as the moderator with panellists - Tan Sri Michael Yeoh was appointed as elderly population in Malaysia. MOH is working Madam Sharmila Binti Mohamed Salleh, Acting Patron of the YMCA KL, one of the Malaysia’s hand in hand with the Ministry of Women, Family Chief Executive Officer, Yayasan Inovasi Malaysia; oldest community development and youth empowerment organization in Kuala Lumpur established in 1905. Since 1905, the YMCA has been advocating and creating change for Youth and Community development and thrives on Philanthropy and Volunteering. Tan Sri Michael Yeoh said he is deeply honored to be appointed Patron of a leading organization with an almost 115 years history.

Tan Sri Michael Yeoh was also appointed to the Board of Director of the International Chamber of Commerce Malaysia which is affiliated to the Paris-Based International Chamber of Commerce recognized by the United Nations as the World Business Chamber. A group photograph of the Deputy Minister together with the speakers and participants a the the 2019 Third Age & Longevity Economy Forum. 14 PICTORIAL HIGHLIGHTS OD WBCES Pictorial Highlights of WCBES

Cr. Craig Chung, Councillor, City of Sydney, Australia sharing his views looking on is Bishop Prof. Dr. Dennis Ng, Chairman, Victory Ministries Foundation Ltd.

Role Players of the Greater Bay Area Special Session. L to R: Dr. Wang Wanli, Executive Director of Hong Kong, Macao and Regional Ms Lynn Tian Swanson, Chairman and CEO of Global Equity Development Research Department, China Development Institute; Dr. Wilfred Wong Ying-wai, President & Executive Director, Corporation speaking to the audience. On her right is Mr Arin Sands Group; Mr Zhou Li, Publisher & Editor-in-Chief, China Daily Asia Pacific; Ms Maria Helena de Senna Fernandes, Director of the Jira, Chairman, ASEAN Business Advisory Council, Thailand; Mr Macao Government Tourism Office; Ms Deborah Biber, Director, Pacific Basin Economic Council; Ms Diana Chou, Chairman, L’Voyage Vincent Wong, Chairman, Mulia Global Sdn Bhd and Dr. Lee Oi Limited, Hong Kong; Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs; Mr Simon Lee, Managing Director, STM Kum, Chairman, e-Komoditi Sdn Bhd. Developments, Australia and Tan Sri Michael Yeoh, President of KSI.

Role Players of the Maritime Silk Road Session. L to R: Madam Yu Xiao Yi, Chairman, Presidium and Vice Secretary-General of China International Chamber of Commerce for the Private Sector; Dato’ Dr Prof. Dato’ Dr. Chin Yew Sin, JP, Advisor for Asia Pacific Region, Global One Belt One Road Role Players of the Digital Silk Road Session. L to R: Mr Pindar Wong, Chairman, VeriFi (Hong Association; Mr Sun Zhiguo, Vice Chairman & Secretary, General China (Sanya) Public Diplomacy Kong) Ltd; Mr Goh Peng Ooi, Executive Chairman, Silverlake Axis Ltd; Mr Georg Chmiel, Executive Institute; Ambassador Delia D. Albert, Former Foreign Secretary of the Philippines; Dato’ Joseph Chairman, Juwai.com; Dato’ Henry Goh, Co-Founder & OO, Macro Kiosk Berhad; Dr. Lee Oi Kum, Lim, Founder, Global Green Synergy Sdn Bhd; Mr Ravindra Ngo, President, Cambodian Association Chairman, e-Komoditi Sdn Bhd; Mr Arin Jira, Chairman, ASEAN Business Advisory Council, of Hong Kong; Dr. Yan Lijin, Chairman, Silk Road International Foundation; Mr Fred Wang Cheung Thailand; Mr Vincent Wong, Chairman, Mulia Global Sdn Bhd and Ms Lynn Tian Swanson, Chairman Yue, Chairman, Salon Films Group and Mr Luo Sheng Chang, Supervisor/Vice President, China and CEO of Global Equity Corporation. Urban Infrastructure Chamber of Commerce.

Role Players of the The Future of Asia Session. L to R: Mr Naoki Tanaka, President, Center for International Public Policy Studies, Japan; Dr. Wang Huiyao, Counsellor of The State Council, PRC and President, Center for China and Globalization; Mr Ian C. Buchanan, Chairman, Australian Pacific Role Players of the Chinese Diaspora Session. L to R: Bishop Prof. Dr. Dennis Ng, Chairman, Economic Cooperation Committee (AusPECC) / Former Chairman, Booz & Co., Australia and Victory Ministries Foundation Ltd; Cr. Craig Chung, Councillor, City of Sydney, Australia; Mr Marty Southeast Asia; Prof. Dr. Xiang Bing, Founding Dean, Cheung Kong Graduate School of Business, Mei, Senior Adviser to Premier of Victoria, Australia; Dato’ Seri Ooi Chean See, Former Tourism Beijing; Prof. Zhou Zunnan, Senior Professor and Doctoral Adviser of China Foreign Affairs Ambassador Malaysia to Germany; Prof. Sun Jianrong, Associate Vice President, Macau University University; Dr. Edward Tse, Chairman, Gao Feng Advisory Company and Mr Norman Swanson, of Science and Technology; Datuk David Chua, Managing Director, DC & A Group Sdn Bhd and Mr President of Global Equity Corporation. Edmond Yeo, JP, Chairman, Chinese Information and Advice Centre (CIAC).

L to R: Mr Ravindra Ngo, President, Cambodian Association of Hong Kong; Mr Alexander Wan, President, China CEO Roundtable; Ms Diana Chou, Chairman, L’Voyage Limited, Hong Kong; Ms Deborah Biber, Director, Pacific Basin Economic Council, Hong Kong; Tan Sri Michael Yeoh, Organising Committee Chairman, WCBES; Mr Peter Desmond Wee, Chairman, International Intellectual Property Commercialisation Council; Mr Michael Walsh, CEO of PBEC and Mr Max Say, KSI. 15 PICTORIAL HIGHLIGHTS

KSI President Tan Sri Michael Yeoh greeting the Malaysian Prime Minister with Tan Four very distinguished gentlemen at the Gala Dinner, From L-R, H.E. Shaukat Aziz, Former Prime Minister of Sri Lee Kim Yew upon his arrival at the Forum. Pakistan, Tan Sri Michael Yeoh, Chairman, Organising Committee WCBES, YB Lim Guan Eng, Minister of Finance Malaysia and YB Dato’ Seri Anwar Ibrahim, President, Pakatan Harapan & MP Port Dickson.

Recipient of the World Chinese Business Leader Lifetime YB Teresa Kok, Minister of Primary Industries presenting the Dato’ Sri Dr. How Kok Choong, JP, Chairman, AGAPE ATP Achievement Award, Mr Chen Quanzhou, Chairman, Ci Hang Lifetime Achievement Award for Corporate Philanthropy to Tan Corporation Group on receiving his World Chinese Outstanding Group Co. Ltd. Beijing. Sri Azman Hashim, Chairman, AmBank Group. Entrepreneur Lifetime Achievement Award.

Role Players of the Entrepreneurship Session. L to R: Dato’ Chevy Beh, Founder & CEO, BookDoc; Recipients of the Lifetime Achievement Awards. Posing with Children from Shandong, China after Dato’ Sri Dr. How Kok Choong, Chairman & CEO, AGAPE ATP Corporation Sr. Miranda Lui, the Cultural Performance. Chairlady, Global BIM Centre; Dato’ Henry Goh, Co-Founder & Chief Operating Officer, Macro Kiosk Berhad and Mr Alexander Wan, President, China CEO Roundtable.

KSI’s President, Tan Sri Michael Yeoh, posing with Deputy Tan Sri Michael Yeoh and Board Members of the Malaysia China Tan Sri Michael Yeoh and other General Committee Members of Defence Minister Senator, Liew Chin Tong and the Attorney Business Council, Dato’ Qurk and Dato Syed Norulzaman with the Malaysian International Chamber of Commerce and Industry General, Tan Sri Tommy Thomas. Finance Minister, Lim Guan Eng and the MCBC Chairman, Tan (MICCI) led by the President Datuk Tan Cheng Kiat in calling on Kok Wai at the Malaysia China Belt and Road Forum. The Minister of Communication & Multimedia, Gobind Singh.

At the Opening Ceremony of the 16th World KSI Team. Summit of Chinese Entrepreneurs.

Former Suhakam Commissioners and Participants at the Roundtable. A city tour to the Ruins of St. Paul’s, Macao. 16 THE ECONOMIC CLUB OF KUALA LUMPUR (ECKL) Notes of discussion from the ECKL Economic Roundtable Held on 25 July 2019, Sime Darby Convention Centre

The roundtable was moderated by Datuk Seri Mohd Iqbal Rawther, Chairman of the Economic Club of Kuala Lumpur. Discussions centred around general observations about the Malaysian economy and what can be done to improve it, particularly on reducing the RM1 trillion debt. Rules of discussions were following Chatham House Rules The following were comments from participants.

ECKL Secretary General, Dato’ Mohd Radzi Latiff greeting Prime Minister, YAB Tun Dr. Mahathir Mohamad whilst Tan Sri Michael Yeoh looks on.

The Malaysian economy in general There is necessary as some of these promises will have This has led to high levels of household debt. a lack of progress of the country. Domestic different impacts on the economy. Policies to counter this were ineffective. spending is on the decline, which is causing Instead, new policies should be designed With the abolishment of the goods and slower growth, dropping from 4.7% to 4.5% which should focus on demand side areas. services tax (GST), the government needs nominal GDP growth. Yet in the short-term, More investment in public infrastructure should to ensure that domestic demand is healthy, confidence remain healthy. Official data be the direction forward. Handout policies where companies can report earnings. This will reveals that private consumption is growing at like BR1M should be brought to an end to lead to better revenue for the government. If 7-8% in terms of real growth, which is strong. drive consumption. Cash handouts are not the the economy slows, it will have major effect. answer when household debt is high. There is After the change of government, people’s Should this be the case, fiscal deficit measures a need to push for other policies. expectations were very high. Over time, these need to be introduced. Such has already expectations have dropped very quickly, been hinted, as Malaysia has been caught leading to social and economic ramifications. up in the US-China Trade War. Government People are concerned with such trends. income depends very much on the direct tax. Therefore, it is important for the government Though it is right for the government to to ensure the domestic demand is healthy. crackdown on the excesses, such as those from corruption, stopping mega projects will The gig/shared economy has been much have adverse impacts on investments. As the talked about, but there is little preparedness Pakatan Harapan government has already on how to operationalise it. It also has many been in power for some time, they should gaps, such as the lack of EPF savings which relook reviving some of these projects. There needs to be addressed. have been some surprise moves, such as Labour productivity is very low in Malaysia the taking over toll gates. These actions will compared to other ASEAN economies. In increase debt. Though these are promises the past, Malaysia has depended on public Chairman of ECKL Datuk Seri Mohd Iqbal and the Deputy made during the election, they should examine Chairman Tan Sri Michael Yeoh calling on the Deputy Prime spending and private consumption spending. and consider if some of these promises are Minister YAB Dato’ Seri Dr Wan Azizah.

PARTICIPANTS OF THE Mr Wan Suhaimie Wan Mohd Saidie Mr Shan Saeed ECKL ECONOMIC ROUNDTABLE Head of Economic Research, Chief Economist, IQI Global Kenanga Investment Bank Dr Donald Hanna Mr Manokaran Mottain Chief Economist, CIMB Group Tan Sri Rainer Althoff Chief Economist, Alliance Bank Malaysia ECKL / Independent Non-Executive Director, Datuk M. Supperamaniam Mr Vincent Loo Top Glove ECKL / Distinguished Fellow, Institute of Senior Economist, RHB Investment Bank Strategic and International Studies (ISIS) Dr Chua Hak Bin Ms Adelene Teo Senior Economist, Maybank Kim Eng Dato’ Seri Mohamed Iqbal Rawther Economic Advisor, British High Commission Chairman, Economic Club Kuala Lumpur Mr Peck Boon Soon Kuala Lumpur Vice President, RHB Research Institute Tan Sri Michael Yeoh Mr Vijay Poonoosamy Vice Chairman, ECKL / President, Kingsley Mr Alan Tan Director of International and Public Affairs, Strategic Institute for Asia Pacific (KSI) Head of Research/Chief Economist, Qi Group of Companies Affin Hwang Investment Bank Dato’ Mohd Radzi Bin Abd. Latif Economic Club Kuala Lumpur Emeritus Prof. Datuk Dr Norma Mansur President, Malaysian Economic Association 17 THE ECONOMIC CLUB OF KUALA LUMPUR (ECKL)

ECKL Roundtable with Ambassadors and High Commissioners 20 August 2019, The Royal Lake Club Kuala Lumpur

The Economic Club of Kuala Lumpur (ECKL) organised a close-door roundtable with the diplomatic corps based in Malaysia to provide a platform for feedback. Discussion were moderated by Datuk Seri Mohamed Iqbal Rawther, Chairman of ECKL. Ambassadors at the Roundtable.

The British High Commissioner Charles Hay making a point whilst ECKL Members - Tan Sri Adbul Wahid Omar, Datuk Seri Mohd Iqbal, Tan Sri Michael Yeoh, Datuk M.Suppermaniam and Tan Sri the Ambassadors of Mexico, Germany and Italy looks on. Rainer Althoff at the Roundtable.

Feedback from the Ambassadors

1 5 9 11 Foreign companies are not concerned Not enough has been done There are doubts if the forecasted There were concerns that the about Malaysia’s political uncertainty as to realise Malaysia’s tourism growth of 4.9% is accurate. Even if Bumiputera policy is having on the situation is far less stable in countries potential. it’s accurate, there is a need to reflect education, innovation, government they are from. Instead, they consider if this is impressive if compared to sector, private sector and foreign trade. Malaysia politics still reliably stable. 6 China, Philippines, and Vietnam. With the 4.9% GDP growth, if oil and gas 2 12 Vietnam is proving to be a real threat is not accounted for, not much is left to Malaysia in terms of trade. Many as it comprises of exports of German, There is a change whereby Malaysia foreign companies are favourable American, and a few other manufactured has become more open on a variety of towards Vietnam because the products instead of products of issues which is phenomenon not seen There are two completely different workforce there is less expensive than Malaysian businesses. There is seldom before. Openness is a good narrative perceptions of Malaysia, one with Malaysia. But they are not considered for a New Malaysia to have. This allows strong economic fundamentals news about domestic investments in as skilled as Malaysians. the discussion of important issues. and the other where there is much Malaysia, as they prefer instead to buy difficulty to do business in. There is a properties overseas. The existence of Some healthy dissent is important in a lack of communication from the new 7 GLCs is also a problem as they are the democracy as it allows the country to government of what they are doing gauge its performance. There are opportunities if Malaysia opens direct opposite of competition, some are which are positive for the economy. This up its services market, specifically in even outright monopolist. is made worse when one minister says 13 one thing and another says a completely legal services, but it seems that Malaysia 10 opposite thing. is moving towards closing this market. It is very concerning to see the preacher Having such services will make it easier Malaysians are very reluctant to Zakir Naik get away with speeches that 3 for companies (from the UK) to set up in compare and to be compared to other are not acceptable is causing foreigners The wrong narrative currently Malaysia. This will make Malaysia more countries like Singapore, but there are to wonder if Malaysia’s strong diversity dominates. The narrative can be attractive to international investment. many countries around the world with is being threatened by fundamentalism improved and strengthened. similar levels of development which and if the country is beginning to head 8 they can learn from It is baffling that towards the wrong direction. 4 Malaysia objects to learning from others. This serves as a disadvantage as other 14 More effort needed in creating Malaysia has a serious issue with countries do compare and learn from the awareness of the cost of climate crisis counterfeit products. For example, it is More focus needed on different development stages of other among businesses in public and private estimated that 70% of alcohol sold in preparing Malaysia for economies, giving themselves incentives sector. The notion of sustainable Malaysia is counterfeit. Other products, Industry 4.0. This requires businesses is important in the long-term. to learn and to improve. When a country like cigarettes, are smuggled into the modernisation and the right The government should conduct an from Europe wants to invest in the country. These cause a loss of billions of education programmes in evaluation of this situation. Southeast Asia region, they will compare potential tax revenues annually. place. countries which have similar standards to match their needs. 18 FORUM ON THE NEW SABAH

Forum on The New Sabah

18 June 2019 Magellan Sutera Resort, Kota Kinabalu New Challenges, New Realities,

New Opportunities Tan Sri Michael Yeoh, President of KSI presenting a memento to Chief Minister of Sabah, YAB Datuk Seri Panglima Hj Mohd Shafie Hj Apdal. Looking on is Tan Sri Simon Sipaun, Chairman, Institute for Development Studies Sabah.

The Forum was jointly organized with the In Sabah context, the tourism industry Economic Development and Investment Institute for Development Studies Sabah will be further developed with continued Authority (SEDIA); Mr Firdaos Rosli, and was officiated by the Chief Minister effort focused on positioning Sabah as the Director of ETRI, Institute of Strategic and of Sabah, YAB Datuk Seri Panglima Haji preferred destination for ASEAN region. International Studies (ISIS Malaysia); Mr Foo Mohd Shafie bin Haji Apdal. In his Keynote At the same time the industry will also Ngee Kee, President and Co-Founder, Small Address, he stressed that reducing promoting new tourism destination in and Medium Enterprise Association Sabah; inequalities of income and enhancing Eastern Sabah beyond Kota Kinabalu mainly Tan Sri Simon Sipaun, Chairman, Institute inclusive development is a vital aspect the town of Tawau, Semporna, Lahad Datu for Development Studies Sabah (IDS); in promoting sustainable economic and Sandakan, which have many unique Datuk Jema Khan, Executive Chairman development. Sabah has made a notable nature-based attractions as well as a and Chief Executive Officer, Jawala Inc.; Mr progress in reducing poverty, with the historical heritage that is not found in the Vincent Wong Wai Sang, Chairman, Mulia latest poverty rate stood at 2.9% in 2016 West Coast. Global Sdn Bhd; Datuk Tan Cheng Keat, down from 4% in 2014 and will aim to bring President, Malaysian International Chamber down the poverty rate further, below 1% by The topics discussed at the Forum include of Commerce and Industry (MICCI); Dato’ the year 2020. The State Government has Socio-economic Challenges Facing the Dr. Jessie Tang, Chief Executive Officer, launched The Sabah Forest Policy 2018 for New Sabah: Promoting Growth, Reducing East West One Group; Dato’ Henry Goh, the benefit of the people and protecting Inequalities and Enhancing Inclusive Co-Founder & Chief Operating Officer, the environment while ensuring that Sabah Development; Business and Investment Macro Kiosk Bhd; Mr Arthur Kent Raymond, economic growth is sustainable. Among Opportunities in the New Sabah; Sabah in Project Consultant, Digital Heritage Sdn the goals of the policy includes maintaining the New Digital Economy – Coping with Bhd; Mr Chong Vun Then, Deputy CEO II, at least 50% of Sabah land mass under Digital Disruption and the 4th Industrial Institute for Development Studies Sabah forest reserves, achieving a No Nett Loss/ Revolution; and Voice of Next Generation (IDS); Mr Jeremiah Mojuntin, Co-Founder Net gain of forest and biodiversity and – Aspirations and Hopes of the Youths in & Director, Supermassive Creative Agency; also to ensure that 30% of Sabah land the New Sabah. The Forum also discussed Ar. Tressie Yap, Principal Architect, Akitek area are thoroughly protected by the year about Sabah’s sustainable development, Tressie Yap; and Mr Ahmad Farid Sainuri, 2025. The policy also aims to promote the peace and prosperity, security and stability President, Sabah Youth Council participation of local communities and and inter-ethnic and religious harmony. social society in forest management. Digital The one-day Forum was supported by our transformation through digital technologies Distinguished role-players include Dr. Oh Corporate Partners, Jawala Inc. & East West improves the business sector by boosting Ei Sun, Principal Adviser, Pacific Research One Group. About 180 delegates attended growth opportunities and creates more Center; Datuk Dr. Mohd Yaakub Hj. Johari, the Forum. employment. President and Chief Executive, Sabah

Group photograph with VIPs and participants at the end of the Opening Ceremony. 19 FORUM ON THE NEW SABAH

Distinguished role-players on the session ‘Sabah in the New Digital Economy’. Seating L to R: Dato’ Henry Goh, Co- Tan Sri Michael Yeoh, President of KSI delivering the Welcome Remarks at the Founder & Chief Operating Officer, Macro Kiosk Bhd; Mr Chong Vun Then, Deputy CEO II, Institute for Development Opening Ceremony of the Forum on the New Sabah. Studies Sabah (IDS); Mr Arthur Kent Raymond, Project Consultant, Digital Heritage Sdn Bhd and Mr Vincent Wong Wai Sang, Chairman, Mulia Global Sdn Bhd.

L to R: Tan Sri Michael Yeoh, President of KSI; Tan Sri Majid Khan, Executive Chairman, JayCorp Bhd; YAB Datuk Seri Panglima Haji Mohd Shafie bin Haji Apdal, Chief Minister of Sabah; Dato’ Dr. Jessie Tang, Chief Executive Officer, East West One Group; Tan Sri Simon Sipaun, Chairman, Institute for Development Studies Sabah and Datuk Jema Khan, Executive Chairman and Chief Executive Officer, Jawala Inc.

Chief Minister of Sabah, YAB Datuk Seri Panglima Haji Mohd Shafie bin Haji Tan Sri Simon Sipaun, Chairman of IDS (Centre) Chairing the session on Socio-economic Challenges Facing the New Apdal, presenting a memento to our Corporate Partner, Dato’ Dr. Jessie Tang, Sabah. On his right is Datuk Dr. Mohd Yaakub Hj. Johari, President and Chief Executive, Sabah Economic Development Chief Executive Officer, East West One Group. Looking on are Tan Sri Michael and Investment Authority (SEDIA); Dr. Oh Ei Sun, Principal Adviser, Pacific Research Center (far left); Mr Firdaos Yeoh and Tan Sri Simon Sipaun. Rosli, Director of ETRI at ISIS Malaysia (his left) and far left is Mr Foo Ngee Kee, President and Co-Founder, Small and Medium Enterprise Association Sabah.

From L to R: Datuk Dr. Pang Teck Wai, CEO, POIC Sabah, Datuk Jema Khan, Executive Chairman & CEO, Jawala Inc.; From L to R: Mr Jeremiah Mojuntin, Co-Founder & Director, Supermassive Dato’ Dr. Jessie Tang, CEO, East West One Group (moderator); Mr Vincent Wong, Chairman, Mulia Global Sdn Bhd; Creative Agency; Dr. Oh Ei Sun, Principal Adviser, Pacific Research Center, and Datuk Tan Cheng Kiat, President, Malaysian International Chamber of Commerce and Industry. Malaysia; Ar. Tressie Yap, Principal Architect, Akitek Tressie Yap; Mr Ahmad Farid Sainuri, President, Sabah Youth Council. 20 OTHERS EVENT

Tan Sri Michael Yeoh appointed to National Consultative Council

The President of Kingsley Strategic Institute for Asia Pacific, Tan Sri Michael Yeoh was appointed to be one of 14 members in the newsly established National Consultative Council on Peoples Harmony under the Prime Minister’s Department. The new Consultative Council members held a meeting in Parliament with the Minister of National Unity and Social Wellbeing in the Prime Minister’s Department, YB Senator Waytha Moorthy. Tan Sri Michael Yeoh had priviously served in the National Unity Consultative Council and the National Unity Advisory Council. He said his appointment to the new Peoples Harmony Consultative Council will enable him to continue contributing to the Strengthening of The 1st Meeting of the National People Harmony Consultative Council under the Prime Minister Department held in Parliment with The Minister of National National Unity and Harmoney in the Country. Unity and Social Wellbeing, YB Senator Waytha Moorthy.

Connecting Government, Business and Civil Society towards the Development of a High-Income Nation The International Conference on Nation-Building 2019

Ms Caroline Cheong, COO, KSI greets the Guest of Honour, Minister of Housing & Local Government, YB Puan Hajjah Zuraida Kamaruddin upon her arrival at The Majestic Hotel for the International Conference on Nation-Building (ICNB) on 26 November 2019.

The Guest of Honour, YB Puan Hajjah Zuraida Kamaruddin, Minister of Housing & Local Government posing for a photo with the organisers, Ms Caroline Cheong posing with Tan Sri Tony Fernandes co-hosts and strategic partners for ICNB. From L to R: Mr Kenneth Chai, Director, Corporate Planning & Strategy, All Asia Agro Berhad; Ms co-founder and Group CEO of AirAsia Group Bhd on his arrival Ng Yeen Seen, Co-Founder & CEO, Centre for Research, Advisory and Technology (CREATE); Tan Sri Tan Kean Soon, Chairman, All Asia to the ICNB Gala Dinner. Agro Berhad; Dato Dr Jessie Tang, Chairperson, NBIM & Group CEO, All Asia Agro Berhad; YB Puan Hajjah Zuraida Kamaruddin, Minister of Housing & Local Government; Dr. Kriengsak Chareonwongsak, Chairman of Nation-Building Institute International (NBII); Tan Sri Dr Kamal Salih, Chairman, Malaysian Institute of Economic Research (MIER); Pn Ainon Kuntom, WIM; Pn Maizon Omar, WIM and Ms Caroline Cheong, KSI (Event Manager).

The International Conference on Nation- Hajjah Zuraida binti Kamaruddin, Minister of Building 2019 with the theme, “Connecting Housing and Local Government Malaysia. Government, Business and Civil Society towards the Development of a High-Income in a message read out by the Minister at the Nation” was held on 26-27 November, opening ceremony, Prime Minister Tun Dr 2019 at The Majestic Hotel, Kuala Lumpur, Mahathir Mohamad said the International Malaysia. Kingsley Strategic Institute for Conference on Nation-Building (ICNB) Ms Caroline Cheong posing with H.E. Dr. Olarn Chaipravat, Former Deputy Prime Minister of Thailand in front of the event Asia Pacific (KSI) was appointed the event has the potential to further strengthen backdrop. manager for the 2-day conference. partnerships and cooperation among relevant players on issues related to nation- Award to Tun Dr Siti Hasmah Mohd Ali, in This international conference was organised building. What started as a Thai initiative, recognition of the first Malay female doctor's by The Nation-Building Institute International ICNB is now recognised as a leading contributions in drug abuse control, women’s in collaboration with The Institute of Future international platform bringing together health, family planning and adult literacy in Studies for Development (IFD) , Thailand, government, business and civil society from this country. Malaysian Institute of Economic Research all over the world to discuss issues pertaining (MIER) and the Centre for Research, to nation- building, Tan Sri Tony Fernandes, co-founder and Advisory and Technology (CREATE). This group CEO of AirAsia Group Bhd was conference saw the participation of more A Gala Dinner cum Awards Night was also conferred the Corporate Nation-Building than 400 participants from around the held and the highlight of the evening saw the Award in recognition for his contributions in region and was officiate by the Hon. Puan conferment of the Women’s Nation-Building budget air travel.

Hong Kong Luncheon Forum on New Opportunities KSI’s President was invited to moderate a Luncheon Forum on Hong Kong organized by the Hong Kong Trade Development Council.

Tan Sri Michael Yeoh moderating the Luncheon Forum Tan Sri Michael Yeoh with The Hong Kong Secretary for Tan Sri Michael Yeoh having lunch with Mr Edward Yau, organized by the Hong Kong Trade Development Council with Commerce and Economic Development Mr Edward Yau at the the Hong Kong Secretary for Commerce and Economic Mr Dennis Yip, Commiseioner for The Belt and Road of Hong Hong Kong New Business Opportunities Seminar. Development at the Luncheon. Kong SAR Government and Mr Willy Lin, Chairman Hong Kong Productivity Council. 21 NATIONAL FORUM ON SUSTAINABILITY, CSR & SDG 2019

National Forum on Sustainability, YB Tan Sri Mohamad Ariff bin Md Yusof, CSR& SDG 2019 Speaker of the House of Representatives, Parliament Malaysia in his opening speech 19th July 2019 said that the House of Representatives Dewan Persidangan, Parliament Malaysia (Dewan Rakyat) is seriously considering Held in conjunction with the 1st Anniversary of the 14th Parliament of Malaysia developing this idea. Indeed, our House Committee has decided and agreed in principle to establish APPGs in Malaysia, and when all procedural formalities are Reimagining finalised, the first Malaysian APPG will be the APPG on SDG. Sustainability & APPGs will complement the function of our Special Select Committee. APPGs are not official body of Parliament, but they have an Strengthening equally important function. APPGs can: • Shape the agenda by providing information and advocacy; Partnership • Raise awareness of an issue and functioning as focal point for communication between the government and CSOs; • Act as watchdog for specific issues; • Advocate on the legislative implications of law or policy; • Initiate gender-based or minority legislations; and • Ensuring legislation is enforced.

Institutionalising APPGs is a start to a stronger Parliament. Measures should also be taken to evaluate the effectiveness of APPGs periodically by identifying priorities, outcome and impact assessment. In this way, the partnerships with CSOs will lead

Tan Sri Michael Yeoh, President of KSI, presenting a memento to the Speaker of Parliament YB Tan Sri Mohd Ariff. to clearer actions and recommendations on policies and laws to enable Parliament to play a key role in putting in place the legislative framework reflective of putting the people’s needs first.

From L to R: Mr. Roberto Benetello, Chief Executive Officer, EU-Malaysia Chamber of Commerce and Industry (EUMCCI); Datuk Special Presentation: Global Goals, National Priorities, Roosme Binti Hamzah, Secretary of the House of Representatives, Parliament Malaysia; Ms. Boey Kho, CEO of QI Malaysia; YB Tan Sri Institutional Programmes - An Implementation Matrix for Mohamad Ariff bin Md Yusof, Speaker of the House of Representatives, Parliament Malaysia; Datuk Rashid Dato’ Haji Mohd Rashid the SDGs by Academician Tan Sri Datuk Dr. Omar Abdul bin Hasnon, Deputy Speaker of the House of Representatives, Parliament Malaysia and Tan Sri Michael Yeoh, President of KSI; Ms. Rahman, Chairman Commonwealth Partnership for Technology Marcela Suazo, UNFPA Representative for Malaysia and Thailand and UN Resident Coordinator ad interim, Malaysia and Max Say, KSI. Management (CPTM) / Senior Fellow and Founding President, Academy of Sciences Malaysia / Senior Distinguished Fellow, KSI / Formerly Science Adviser in the Prime Minister’s Department (1984-2000). The National Forum on Sustainability, CSR of all MPs regardless of partisan affiliation & SDG 2019 was a half day event, jointly and channels for CSOs to contribute organised by Kingsley Strategic Institute their expertise and view of the grassroot and Parliament Malaysia in association with communities that remain left behind. the CSO-SDG Alliance and the UN Country Team Malaysia. More than 230 participants YB Tan Sri Mohamad Ariff bin Md Yusof, attended the Forum in Parliament Malaysia. Speaker of the House of Representatives, Parliament Malaysia in his opening speech The Forum raised very interesting said that the House of Representatives perspectives, and one key take away was (Dewan Rakyat) is seriously considering that it would be good to formulate a strong developing this idea. Indeed, our House Malaysian narrative of sustainability in our Committee has decided and agreed in context. principle to establish APPGs in Malaysia,

and when all procedural formalities are Tan Sri Michael Yeoh, President of KSI deliver the Welcome Tan Sri Michael gave a clear welcome and finalised, the first Malaysian APPG will be Remakrs during the National FOrum on Sustainability, CSR and SDG on 19 July 2019 at Dewan Persidangan, Parliament Malaysia. need of the APPG to be set up to create the APPG on SDG. essential democratic spaces for the voices 22 NATIONAL FORUM ON SUSTAINABILITY, CSR & SDG 2019

In a special address, “Accelerating Achievement of the SDGs”, Ms Marcela Suazo, UNFPA Representative for Malaysia and Thailand and UN Resident Coordinator ad interim, Malaysia spoke of the road map that lays out priority areas, implementation arrangements and a process for tracking progress on the SDGs in Asia and the Pacific, in the areas of social development, disaster risk reduction, climate change, management of natural resources, connectivity and energy.

In the special presentation on Global Goals, National Priorities, Institutional Programmes - An Implementation Matrix National Forum on Sustainability, CSR and SDG 2019 on 19 July 2019 at Dewan Persidangan, Parliament Malaysia. for the SDGs, Academician Tan Sri Datuk Dr. Omar Abdul Rahman, Chairman Commonwealth Partnership for Technology Management (CPTM) / Senior Fellow and Founding President, Academy of Sciences Malaysia /Senior Distinguished Fellow, KSI / Formerly Science Adviser in the Prime Minister's Department (1984-2000) said that delivering the SDG requires a global effort with meaningful contributions by many countries are only realistic if global goals coincide with national priorities and deliverable by institutions according to their From L to R: H.E. Julia G. Bentley, High Commissioner of mandate and capacity. From L to R (First Row): Dato’ Haji Mohd Rashid bin Hasnon, Canada in Malaysia; Tan Sri Michael Yeoh, President of KSI; Deputy Speaker of the House of Representatives, Parliament Datuk Rashid Dato’ Haji Mohd Rashid bin Hasnon, Deputy Malaysia; YB Tan Sri Mohamad Ariff bin Md Yusof, Speaker of Speaker of the House of Representatives, Parliament Malaysia; YB Tan Sri Mohamad Ariff bin Md Yusof, Speaker of the House For Malaysia, our national priorities are the House of Representatives, Parliament Malaysia and Tuan Nga Kor Ming, Deputy Speaker of the House of Representatives, of Representatives, Parliament Malaysia; Mr. Chu A/L Betiyu, Parliament Malaysia. Kg Melai; Ms. Boey Kho, CEO of QI Malaysia ; Mr. Haikal, Kg determined by our national aspirations Patah Jelutong; Mr. Chan Ying Qian, Foundation for Community which can be said to be a harmonious, From L to R (Second Row): Tan Sri Michael Yeoh, President of Studies & Development; Datuk Roosme Binti Hamzah, Secretary KSI; Datuk Roosme Binti Hamzah, Secretary of the House of of the House of Representatives, Parliament Malaysia; Ms. prosperous, progressive and sustainable Representatives, Parliament Malaysia and Ms. Marcela Suazo, Marcela Suazo, UNFPA Representative for Malaysia and Thailand UNFPA Representatives for Malaysia and Thailand and UN and UN Resident Coordinator ad interim, Malaysia and Mr. Max Malaysia. Resident Coordinator ad interim, Malaysia. Say, Executive Director & Chief Partnership Officer, KSI.

From L to R: Ms. Boey Kho, CEO of QI Group; YB Tan Sri Mohamad Ariff bin Md Yusof, Speaker of the House of Representatives, Parliament Malaysia; Tan Sri Michael Yeoh, From L to R: Mr. Max Say, Executive Director & Chief Partnership Officer, KSI; Ms. Boey Kho, CEO of QI Malaysia; H.E. Houmdaophone President of KSI and Ms. Marcela Suazo, UNFPA Representative Soukhaseum, Ambassador, Embassy of the Lao People’s Democratic Republic to Malaysia; Dato’ Dr. Tock Min Kin, Vice President, for Malaysia and Thailand and UN Resident Coordinator ad Giant Rail Company Limited and Tan Sri Michael Yeoh, President, Kingsley Strategic Institute for Asia Pacific (KSI). interim, Malaysia.

Since national priorities, based on for Sustainable Development was YB William Leong, talked about the GDP national aspirations, are implementable at moderated by Dr Lin Mui Kiang, Member, being merely numbers but mean little to institutional level, institutional programmes National SDG Steering Committee / the poor. And that the GDP must translate can make significant contribution to the Member, CSO-SDG Alliance. Members of into equitable sharing before it is of any achievement of national priorities and the panel comprised of YB Maria Chin significance. THE GDP meets the target but global goals. The establishment of the Abdullah, Member of Parliament for misses the people. All Party Parliamentary Group (APPG) on Petaling Jaya; YB William Leong, Member SDG is commended. The implementation of Parliament for Selayang; YB Senator Senator Yusnadi said its time for matrix and the framework for tracking, Yusmadi Yusoff, Dewan Negara/Chairman, democratisation of parliament. The losers evaluation and reporting SDG activities for RIGHTS Foundation; Mr. Kon Onn Sein, should not be called opposition but the Parliament, APPG and for Parliamentarians Managing Director, Yayasan Kajian dan minority group. MPs are not to be blindly are presented. Tan Sri Omar also proposed Pembangunan Masyarakat and Ms. Lavanya following partisan politics but putting that a Parliamentary Select Committee on Rama Iyer Head of Policy and Climate aside party affiliations and work together S&T and the SDG be established. This will Change, WWF-Malaysia. constructively for the good of the rakyat. complement and support the APPG and Ethic and morality should undergird GDP contribute to the optimisation of the S&T The session started with YB Maria Chin targets and growth. governance system for Malaysia. sharing of their MP strategy and structure of reaching out to the vulnerable in her Mr Kon basically said MPs have an The first panel on Partnership between Civil constituency and shared a case study of important role to foster the difficult and Society Organisations and Parliamentarians their interventions with CSO participation. distrusting relationship between state 23 NATIONAL FORUM ON SUSTAINABILITY, CSR & SDG 2019

Session 1: Partnership between Civil Society Organisations and Panelists Session 2: Role of Business and Academia in achieving From L to R: Ms. Kamalaveni A/P Batumalay, Conference Parliamentarians for Sustainable Development. From L to R: the SGDs. From L to R: Prof Tan Sri Dato’ Dzulkifli Abdul Razak, Admin Manager, KSI; Ms. Caroline Cheong, Chief Operating (Seating) YB Senator Yusmadi Yusoff, Dewan Negara/Chairman, Rector, International Islamic University Malaysia (IIUM); Ms. Officer / Executive Director, Research & Programs, KSI and Ms. RIGHTS Foundation; (Standing) YB William Leong, Member of Annemarieke de Haan, Managing Director, Unilever Malaysia & Annemarieke de Haan, Managing Director, Unilever Malaysia & Parliament for Selayang and (Seating) YB Maria Chin Abdullah, Singapore and Ms. Mastura Adnan, Head of Brand, Sponsorship Singapore. Member of Parliament for Petaling Jaya. and Sustainability, Standard Chartered Bank Malaysia Berhad.

agencies and CSOs. And in bridging this gap, the collaboration between state and CSO can then be effective to bridge the last mile to reach the stubborn poor highlighted by the SDGs. MPs play an important role to help the state not be afraid to empower the poor but be bold to hear their voices. The GDP approach lose the forest from the trees. But in the case of the Orang Asli, the trees and forest are all lost. GDP should not be the final goal, but shared prosperity.

Ms Lavanya shared the commitments of Malaysia towards climate change and conservation of the forest. And the need to provide state government with funding such that they do not need to exploit their forest and timber for meeting their development needs. Failing which, the states have no Group photograph, KSI Team with Forum Participants at Dewan Rakyat, The House of Representatives, Parliament Malaysia. option but to keep exploiting their natural resources to meet their expenses and He put in a very polished way that 70% life through our 3-pillar business strategy: development budgets. of Malaysians spend their time attached Brands with Purpose Grow, Companies to the mobile devices comparing with the with Purpose Last, and People with In the other session on Role of Business technically advanced Japan where only 20% Purpose Thrive. At the foundation of all the and Academia in achieving the SDGs, Tan of their population share such habits. initiatives undertaken by Unilever is SDG 17, Sri Dzuklifli, said we are building human the role of partnerships, because it is only capital but not human beings. There is a Ms Annemarieke de Haan, Managing through partnerships with the Government, need to bring back philosophy of life and Director, Unilever Malaysia & Singapore, our customers, suppliers, NGO partners and meaning back to education. Technical spoke of the simple purpose for Unilever industry that we can make a bigger impact, advancement is more important than which has evolved into “Making sustainable together. people development. living commonplace”, which we bring to

KSI co-host Stewardship Asia Centre Luncheon Conversations

Invitees to the Stewardship Asia Centre meeting on 28 November 2019 at Shangri-la Hotel, Kuala Invitees at the Stewardship Asia Centre having an intense and interesting conversations on family Lumpur. From L to R: Datuk Vinod Sekhar, Chairman of Petra Group; Dato’ Henry Goh, Co-Founder & business, ownerships and stewardship. COO, Macrokiosk Berhad; Ms Amelia Ong, Executive Director, Private Equity, OSK Ventures International Berhad; Ms Caroline Cheong, COO, KSI; Dato Kenny Goh, Co-Founder & CEO, Macrokiosk Berhad; Tan Sri Michael Yeoh, President, KSI; Dato’ Anne Eu, Chairman, Eu Yan Sang; Mr Ong Boon Hwee, CEO, Stewardship Asia Centre; Tan Sri Yong Poh Kon, Chairman, Royal Selangor International; Datuk David Chua, MD, DC&A Group of Companies; Datuk Garry Chua, President, Malaysian Retail Chain Association (MRCA); Ms Cheryl Ong, CEO, OSK Foundation; Mr Max Say, Chief Partnership Officer, KSI and Ms Joanna Soh, Senior VP, Stewardship Asia Centre. 24 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

National Education & Learning Summit 2019

25 April 2019 Seri Pacific Hotel Kuala Lumpur Education & Learning in a Fast-Changing & Disruptive World

Education plays a vital role in fostering The various panels at the Summit also national unity and building a framework for discussed various education issues. At social wellbeing, the Minister in the Prime the first panel on Education in a New Minister’s Department Senator P. Waytha Malaysia, the panellists agreed that public KSI President Tan Sri Michael Yeoh greeting YB Teo Nie Ching, Moorthy said in his opening keynote address education, especially on Science, Technology, Deputy Minister of Education Malaysia upon her arrival. at the National Education and Learning Engineering and Mathematics (STEM), Summit (NELS) 2019. He added that a needs more funding. Education in Malaysia peaceful and united country with happy remained underfunded. The panel was in Rankings and Times Higher Education World citizens provides the foundation which agreement that any serious attempts to University Rankings. And they are driven enables healthy education to take place. At revamp national schools are to be successful, by business needs. Prof Kendall added the same time, good education is necessary the government must look at treating that these organisations are money-making to enable and sustain unity and practise good educators as a professional body and as an organisations and they want to entice us into social well-being. Hence, the importance of accountable and proficient workforce. They the game and once you’re in the game, you fostering national unity through education added that the teaching profession should can’t get out. And all the time they’re making cannot be underestimated. be treated like any other professional body. It money. He added that’s how academic simply means if you don’t perform, then you institutions are money-making businesses. Mr At the event themed “Education and Learning are out. Tay opined that the chase for rankings even in a Fast-Changing and Disruptive World”, led some universities into corruption. the minister also stressed that students must In other sessions, the pursuit of higher go beyond “book smarts” and called for positions in global university rankings is a Vice-chancellor of Binary University Prof education and learning to move towards a constant drain on resources and even caused Sulochana Nair said some universities goal of mutual understanding and empathy, some institutions to neglect education, said prioritised their performance in the rankings especially among students of different races panellists discussing the topic of ‘Becoming to the detriment of their educational goals and religions. He added that the country’s the World’s Top Universities’. University of and grew complacent in this area. She added education must take a step back and consider Nottingham Malaysia chief executive Prof that unfortunately, many institutions in their a model that incorporates more than grade Graham Kendall and International University quest to become world-class lose sight of chasing and knowledge accumulation. He of Malaya-Wales (IUMW) vice-chancellor Tay their core vision and this can lead to financial further said that there is nothing wrong in Kay Luan shared the view. When you look stress for the institution and imbalances in the championing one’s uniqueness, be it race, at rankings, it is a business. The rankings overall tertiary system in which the university religion, or culture. But it does become wrong are driven by commercial organisations, operates. when we make enemies out of those who are so the two rankings that everyone sort of different from us. looks at mainly are the QS World University Another point, she added is that universities tend to become complacent. When they are in the quest to becoming world-class, sometimes they also become complacent and when universities become complacent, it is a recipe for mediocrity as well as failure. Instead, the panellists highlighted that it is more important for universities to focus on governance and standards of education. If done right, they said institutions can still do well and they will provide a lot of social aspiration and opportunities for young people to acquire an education.

The Deputy Education Minister, YB Teo Nie Cheng in her special address said that it is the Education Ministry’s aspiration to restore public schools as the school of choice. She added that the Ministry does not want education to be isolated from the masses, hence believed that schools are L to R: Ms. Caroline Cheong, Cheif Operating Officer/Executive Director, Research & Programs, Kingsley Strategic Institute (KSI); for the society and universities are for the Dr. Chua Ping Yong, Director, Kingsley Strategic Institute (KSI)/Vice President, Kingsley Edugroup; Prof. Stephen Doughty, President & Chief Executive Officer, RCSI & UCD Malaysia Campus; Mr. Nicholas Goh, Chief Operating Officer, Quest International University community. The Ministry would also. focus Perak; YB Senator Waytha Moorthy A/L Ponnusamy, Minister in the Prime Minister’s Department (Minister of National Unity and on values-driven education with the hope Social Wellbeing); YB Datuk Dr Yusof B. Yacob, Minister of Education and Innovation Sabah; Tan Sri Yong Poh Kon, Chairman, Royal Selangor International Sdn Bhd; Fellow Academy of Sciences, Deputy Chairman National Education Advisory Council; Tan Sri Michael of cultivating the spirit of love and care, Yeoh, President, Kingsley Strategic Institute (KSI); Mr. Stevenson Charles, Qi Group and Mr. Max Say, Executive Director & Chief Partnership Officer, Kingsley Strategic Institute (KSI). happiness, and mutual respect. 25 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

National Housing and Property Focus Summit 2019 The recently launched National Housing Policy 2.0 outlines five focuses 16 strategies 23 April 2019 and 57 action plans, of which 15 will be Palace of the Golden Horses carried out in the first two years. The five focuses include improving accessibility and affordability, quality housing for all, cohesive neighbouring and neighbourhoods, improving coordination between housing development and transportation and strengthening the The New Property institutional capability. The Housing Policy aims to build 1 million affordable units in the next 10 years with the target broken down to Landscape in a 100,000 homes annually.

In his speech the Deputy Minister also said that Changing Business the property industry needs to look at other ways of overcoming the demands for housing Environment – Where with renting an option to overcome supply issues. A strong tenancy market will support the investment market and improve property Do We Go from Here? market issues. The Rent-To-Own (RTO) scheme is a positive Government initiative Malaysia’s housing, property and affordable Environment – Where do we go from here? that offers buyers the option to rent their housing sectors (including the business homes for five years and apply for financing to community) are benefiting from a Government “With respect to the housing and property participants in the sixth year. led environment that is focussing on the three industry, affordable housing remains a Cs…Certainty, Consistency and Clarity in its challenge with greater need for Public Private macro-economic policies and endeavours said Partnership (PPP) between government and Tan Sri Dr Michael Yeoh in his opening address the private sector. This is needed to deliver at the recent Kingsley Strategic Institute (KSI) the outcome of more affordable housing in National Housing & Property Summit in Kuala line with the nation’s aspirations”, affirmed Lumpur. Tan Sri Dr Michael Yeoh.

YBM Senator Dato’ Raja Kamarul Bahrin The escalating home ownership and Shah, Deputy Minister of Housing and Local overhang in the country has become a Government was the keynote speaker at top agenda for the government to resolve. KSI’s Summit that brought together high- Various housing policies and measures are ranking senior government officers, business being implemented to stimulate buying leaders, captains of industry, academia and boost the current property market said and stakeholders to discuss The New Senator Dato’ Raja Kamarul Bahrin Shah in Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings during an active Q&A session whilst looking on is Property Landscape in a Changing Business his opening address. Datuk Seri F.D. Iskandar, Group MD, Glomac.

The summit also highlighted the following sessions:

ONE TWO THREE FOUR FIVE CEO ROUNDTABLE INDUSTRY OUTLOOK THE AFFORDABLE DISRUPTIVE TECHNOLOGIES SPECIAL SESSION WITH FOREIGN Coping with the New How Does the Housing and Property HOUSING DEBATE AND BLOCKCHAIN PROPERTY INVESTORS Property Landscape: Market Outlook Looks Like in 2019 & ome Ownership or Rental – Impact on the Property Enhancing Confidence of Foreign Overcoming Challenges 2020? What are Key Trends and Major The Way Forward Industry Investors: Expectations and Perspectives Issues? What’s New? What’s Ho

L to R: Max Say; Tan Sri Barry Goh, Executive Chairman of Kingsley EduGroup; Tan Sri Lim Hock San, Group Managing KSI’s Executive Chairman Tan Sri Barry Goh presenting a memento to the Deputy Housing & Local Government Minster. Looking on Director, LBS Bina Group Bhd and Dato’ Cynthia Lim, Executive are Tan Sri Michael Yeoh (left) and Tan Sri Lee Kim Yew (right). Director of LBSB. 26 MALAYSIAN BANKING & FINANCE SUMMIT 2019

Malaysian Banking & Finance Summit 2019

2 May 2019 Renaissance Kuala Lumpur Hotel Disruption in Banking – Towards Banking 4.0

Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group, chairing a session. On his right is Dato’ Ong Eng Bin, CEO, OCBC Bank Bhd and his left is Prof. Dato’ Dr Azmi Omar, President & CEO, INCEIF.

KSI’s President, Tan Sri Michael Yeoh presenting a memento to YB Datuk Liew Vui Keong, Minister in the Prime Minister’s Department YB Datuk Liew Vui Keong presenting a memento to Mr Goh for Legal and Parlimentary Affairs. Peng Ooi, Executive Chairman of Silverlake Group. They are the Main Sponsor of the Summit.

L to R: Mr. Edward Teng, CEO Netpartners, Mr. Eddie Ho, Chief Representative, Chong Sing Fintech Group; Tan Sri Michael Yeoh, President, KSI; Mr. Goh Peng Ooi, Executive Chairman, Silverlake Group; Dato’ Kenny Goh, Co-Founder & CEO, Macrokiosk Berhad and mr Max Say, Chief Partnership Officer, KSI.

Themed Disruptive in Banking - Towards It has been said that the political executive Some lessons are by now well understood. Banking 4.0, the Malaysian Banking & dominated the legislative agenda. Pegged exchange rates can encourage Finance Summit was held on 2 May 2019 Parliament legitimates; it does not excessive borrowing and expose countries at the Renaissance Kuala Lumpur Hotel legislate. Towards the end of last year, a to financial collapse when foreign exchange and was officiated by the Minister in the new parliamentary caucus on reform and reserves run dry. Inadequate disclosures by Prime Minister’s Department for Legal and governance was formed, consisting of 12 both private companied and public bodies Parliamentary Affairs, YB Datuk Liew Vui parliamentarians from both sides of the can lead to similar dangers. Keong. In his Opening Keynote Address, political divide, headed by the Hon. Dato’ he pointed that a well-functioning financial Seri Anwar Ibrahim. Although many factors undoubtedly system would help to accelerate economic contributed to these crises, it is now widely growth, make that growth more equitable Policymakers and analysts have sifted recognized that each suffered from a failure by spreading the benefits to all sections through the wreckage of the Asian financial in “governance”, and in particularly a failure of society, reduce poverty, and would crisis of 1997 and the subsequent crises in in governance in their financial sectors. strengthen Malaysia’s status as an emerging Russia, Turkey, and Argentina to discern key upper middle-income country. lessons so that similar crises will not recur. 27 INTERNATIONAL CONFERENCE ON GREATER KL AND PUTRAJAYA

International Conference on Greater KL and Putrajaya

25 February 2019 Palace of the Golden Horses, Malaysia Shaping the Future of Greater KL Towards Sustainable L to R: Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings; YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories and Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic and Inclusive Smart Institute (KSI). City Living

The International Conference on Greater KL and on Putrajaya was organised to help promote smart, sustainable city living in the Federal Territories of Putrajaya and Kuala Lumpur. The conference focused on what future challenges and opportunities available to promote KL as an investment destination and regional hub for foreign L to R: Dato’ Jean Wong, Adviser, Business Development, Kingsley Strategic Institute (KSI); Datuk Dr. A.t. Kumararajah, Secretary General, Malaysian Associated Indian Chambers of Commerce and Industry (MIACCI); Tan Sri Lim Kim Yew, Executive Chairman, investors. Country Heights Holdings; YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories; Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic Institute (KSI); Datuk (Dr) Vinod Sekhar, Chairman, Petra Group and Datuk Halimah Mohd Said, President, The Minister of Federal Territories, YB Association of Voice of Peace, Conscience and Reason (PCORE). Khalid Abdul Samad delivered the Opening The various sessions of the conference many complexes, “almost three times of Keynote Address in which he shared highlighted the challenges currently facing what we actually need”. The government that there will be no moratorium on new KL. One issue that was brought up was on and concerned parties have also yet to property projects in Kuala Lumpur, although connectivity and integration of the various identify the features that make a city smart the size of new projects will be limited mode of public transportation. Basic issues and sustainable. Good urban management through a plot ratio of 10 according to the like transportation and public amenities and social education are important as Kuala Lumpur Structure and Local Plan. He must be in place before even thinking physical development alone will not make added that for the time being, the plot ratio about “smart cities”. The government and greater KL a smart or sustainable city. will be kept at a maximum of 10, except for stakeholders need to solve these glaring very specific cases. The government does Another speaker also reiterated that Kuala problems. not want too many buildings because of the Lumpur is still far behind Bangkok and (property) glut. He added however that the In a panel discussion on “Reimagining Singapore. Bangkok is known for the move was not well received by developers, Greater Kl – Towards A Smart and entertainment and the nightlife and that is whom he said wanted higher buildings. In Sustainable City”, while it acknowledged something KL cannot match. In Singapore, his speech he also added that there was a that Malaysia has eliminated squatters and their higher quality of life is evident. In shortage in affordable residential units, and given them public housing or affordable KL, there is a lot of connectivity issues spoke of the need to look into financing to housing, it still faces the problem of too even with the LRT and MRT as there is no purchase these units. seamless transportation.

L to R: Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic Institute (KSI); YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories and Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings. 28 SARAWAK INVESTMENT AND BUSINESS SUMMIT

2019 Sarawak Investment and Business Summit

30 September 2019 Hilton Kuching, Sarawak Sarawak – Gearing Up for Future Growth and

Shared Prosperity From L to R: Tan Sri Michael Yeoh, President of KSI and YB Datuk Amar Douglas Uggah Embas, Deputy Chief Minister / Second Minister for Finance / Minister for Modernisation of Agriculture, Native Land and Regional Development, Sarawak.

Group Photo of KSI Team and Summit Participants with YB Datuk Amar Haji Awang Tengah Ali Hasan, Deputy Chief Minister / Minister of International Trade and Industry, Industrial Terminal and Entrepreneur Development / Second Minister for Urban Development & Natural Resources at the 2019 Sarawak Investment and Business Summit.

Kingsley Strategic Institute for Asia Pacific (KSI) organised the 2019 Sarawak Investment and Business Summit themed, “Sarawak- Gearing Up for Future Growth and Shared Prosperity” on 30 September at the Hilton Hotel Kuching. This Summit brought together a diverse range of participants of various backgrounds to discuss developments in the state of Sarawak. Topics ranged from politics, infrastructure, energy, tourism and technology. The Summit was attended by over 200 delegates.

The Summit began with the panel discussion on “The Future of Sarawak – What Next? What Lies Ahead?” which was moderated From L to R: Tan Sri Michael Yeoh, President of KSI; Mr. Max Say, Executive Director & Chief Partnership Officer, KSI; YB Tan Sri Datuk Amar Dr. James Jemut Masing, Deputy Chief Minister / Minister of Infrastructure Development and Ports Sarawak; Dato’Jean Wong by Datuk Seri Azman Ujang, Chairman, Business Development Adviser, KSI and Datu Haji Ismawi bin Haji Ismuni, Chief Executive Officer, Regional Corridor Development BERNAMA and the panellists are YB Datuk Authority (RECODA). Sebastian Ting Chiew Yew, Assistant Minister of Tourism, Arts and Culture, Sarawak, Dato’ International Trade and Industry, Industrial Thereafter, YB Datuk Amar Douglas Dr. Ir. Mohd Abdul Karim bin Abdullah, Group Terminal and Entrepreneur Development / Uggah Embas, Deputy Chief Minister / Chief Executive Officer, Serba Dinamik Second Minister for Urban Development & Second Minister for Finance / Minister for Holdings Berhad, YB Dr. Kelvin Yii Lee Wuen, Natural Resources Sarawak. He was speaking Modernisation of Agriculture, Native Land and Member of Parliament, Bandar Kuching, on behalf of YAB Datuk Patinggi (Dr) Abang Regional Development, Sarawak delivered the Dr. Madeline Berma, Fellow, Academy of Haji Abdul Rahman Zohari bin Tun Datuk Luncheon Keynote Address which highlighted Sciences Malaysia (ASM) / Commissioner, Abang Haji Openg, Chief Minister of Sarawak. the need to stimulate the rural economy SUHAKAM and Dr. Arnold Puyok, Deputy towards improving the standard of living for Dean, (Research & Postgraduate), Faculty In Session 2 on “Pan Borneo Highway-A Game all Sarawakians, not just for the ones living in of Social Sciences & Humanities, Universiti Changer for Sarawak Infrastructure”, YB See urbanised areas. Malaysia Sarawak (UNIMAS). Chee How, State Assemblyman for Batu Lintang (Sarawak) / Special Officer to the The third session was about “Energy and The Opening Ceremony took place Minister of Works YB Baru Bian, for works in Industry – Driving Future Growth in Sarawak”. immediately after the first session. This year, the State of Sarawak touched on the Pan- YB Tan Sri Datuk Amar Dr. James Jemut the Opening Keynote Address was delivered Borneo Highway and the Heart of Borneo Masing, Deputy Chief Minister / Minister by YB Datuk Amar Haji Awang Tengah Ali project. Datuk Abang Haji Abdul Karim Bin of Infrastructure Development and Ports Hasan, Deputy Chief Minister / Minister of Tun Abang Haji Openg, President, Sarawak Sarawak delivered a Special Address at this Business Federation moderated the session. panel discussing. Other speakers at this 29 SARAWAK INVESTMENT AND BUSINESS SUMMIT

session was Datu Haji Ismawi bin Haji Ismuni, Chief Executive Officer, Regional Corridor Development Authority (RECODA) and Mr. Mohamad Ismail Abu Bakar, Executive Director, Manufacturing Development (Resource), Malaysian Investment Development Authority (MIDA). It was moderated by Datuk Seri Azman Ujang, Chairman of BERNAMA.

Titled “The Digital Economy – Leapfrogging into Industry 4.0”, the following session was moderated by Ms. Christina Foo, Managing Director, Priority One Consultancy Services Sdn Bhd and Board Director, Malaysian Technology Development Corporation Sdn From L to R: Dato’ Dr. Ir. Mohd Abdul Karim bin Abdullah, Group Chief Executive Officer, Serba Dinamik Holdings Berhad; YB Bhd. Discussions with Mr. Razali Hassan, Dr. Kelvin Yii Lee Wuen, Member of Parliament, Bandar Kuching; Datuk Seri Azman Ujang, Chairman, BERNAMA; Tan Sri Michael Yeoh, President of KSI; YB Datuk Sebastian Ting Chiew Yew, Assistant Minister of Tourism, Arts and Culture, Sarawak; Dr. Madeline Chief Operating Officer, Bank Pembangunan Berma, Fellow, Academy of Sciences Malaysia (ASM) / Commissioner, SUHAKAM and Dr. Arnold Puyok, Deputy Dean, (Research & Postgraduate), Faculty of Social Sciences & Humanities, Universiti Malaysia Sarawak (UNIMAS).

From L to R: Puan Sharzede Datu Hj Salleh Askor, CEO, Sarawak Tourism Board; Tan Sri Datuk Ms. Yong Li Na, Former Co-Chair, Sarawak CSO-SDG Alliance Pro-Tem Committee; Ms. Christina Amar Wilson Baya Dandot, Chairman, Sarawak Biodiversity Council and YB Datuk Haji Abdul Karim Foo, Managing Director, Priority One Consultancy Services Sdn Bhd and Board Director, Malaysian Rahman Hamzah, Minister of Tourism, Arts and Culture / Minister of Youth and Sports, Sarawak. Technology Development Corporation Sdn Bhd; Mr. Poo Ching Loong, CEO, Yes Boss Sdn Bhd / Adviser, Max Solution (M) Sdn Bhd and Mr. Girish Ramachandran, Executive Director, 27 Projects Sdn Bhd | 27 Advisory Sdn Bhd

Malaysia Berhad, Ms. Yong Li Na, Former Co-Chair, Sarawak CSO-SDG Alliance Pro-Tem Committee, Mr. Poo Ching Loong, CEO, Yes Boss Sdn Bhd / Adviser, Max Solution (M) Sdn Bhd and Mr. Girish Ramachandran, Executive Director, 27 Projects Sdn Bhd | 27 Advisory Sdn Bhd focused on Sarawak’s digital economy and sustainability development.

The final session moderated by Tan Sri Datuk Amar Wilson Baya Dandot, Chairman, Sarawak Biodiversity Council was on “Tourism: Leveraging on Sarawak’s Uniqueness”. YB Datuk Haji Abdul Karim Rahman Hamzah, Minister of Tourism, Arts and Culture / Minister of Youth and Sports, Sarawak delivered From L to R: Mr. Mohamad Ismail Abu Bakar, Executive Director, Manufacturing Development (Resource), Malaysian Investment the Special Address on Session this. Other Development Authority (MIDA); Tan Sri Michael Yeoh, President of KSI; YB Tan Sri Datuk Amar Dr. James Jemut Masing, Deputy Chief Minister / Minister of Infrastructure Development and Ports Sarawak; Datuk Seri Azman Ujang, Chairman, BERNAMA and Datu Haji panellists in this session were Puan Sharzede Ismawi bin Haji Ismuni, Chief Executive Officer, Regional Corridor Development Authority (RECODA). Datu Hj Salleh Askor, CEO, Sarawak Tourism Board, Madam Gracie Geikie, Director, Place Borneo Sdn Bhd and Ms. Amelia Roziman, Chief Operating Officer, Chief of the Business Events Sarawak Tribe, Sarawak Convention Bureau.

The Summit was made possible with the support of our Strategic Partner, QI Group of Companies; Corporate Partners – Bank Pembangunan Malaysia Berhad (BPMB) and Regional Corridor Development Authority (RECODA); Associate Partners, Press Metal Aluminium Holdings Berhad, 27 Projects Sdn Bhd | 27 Advisory Sdn Bhd and SM Inland Port Sdn Bhd; our Supporting Organisations, Sarawak Business Federation (SBF) and From L to R: Tan Sri Michael Yeoh, President of KSI; YB Datuk Amar Haji Awang Tengah Ali Hasan, Deputy Chief Minister / Minister the Malaysian International Chamber of of International Trade and Industry, Industrial Terminal and Entrepreneur Development / Second Minister for Urban Development & Natural Resources, Sarawak; Datu Haji Ismawi bin Haji Ismuni, Chief Executive Officer, Regional Corridor Development Authority Commerce & Industry (MICCI). (RECODA) and Datuk Abang Haji Abdul Karim Bin Tun Abang Haji Openg, President, Sarawak Business Federation. 30 NEW NATIONAL NARRATIVE ON POVERTY & ESTABLISH A ROYAL COMMISSION OF INQUIRT ON THE STATE OF PROVERTY IN MALAYSIA

6 September 2019 Kuala Lumpur, Malaysia Calling the government to set a New National Narrative on Poverty & Establish A Royal Commission of inquiry on the state of poverty in Malaysia

At the Roundtable discussion. From L to R: Datuk Dr Daniel Ho; Tan Sri Michael Yeoh; Ms Marianne Clark-Hattingh, the UNICEF Representative; Datuk Dr. Denison Jayasooria; Dr. Kenneth Simler, Senior Economist, The World Bank and Prof Dr Sulochana Nair, Vice Chancellor, Binary University.

Forty-eight CSO activist, academicians, groups. The report also contains a good set of Fourth, both the panel of speakers and business community & think tank recommendations. participants deliberated at length, the poverty representatives gathered yesterday afternoon line income, multi-dimensional poverty index to review the UN Poverty Report (2019) by the Second, participants called on the especially the Special Rapporteur views UN Special Rapporteur on extreme poverty & Government not to view the report negatively on this. Participants call on the government to human rights, Prof Philip Alston. or to reject it but to use it as a reference point take bold steps to re-examine poverty in undertaking an in-depth review of the measurement and establish realistic The roundtable discussion was organised by contemporary issues and challenges faced by measurements based on the development Kingsley Strategic Institute for Asia Pacific the poor in Malaysian society and chart out level of Malaysia which is comparable to (KSI) and the Malaysian CSO-SDG Alliance appropriate policies, programs and ground developed nations rather than benchmarking on September 5, 2019. The discussion began level initiatives which could be at the heart of it with the poorest countries of the world. The with comments and reflections from a panel the ‘shared prosperity agenda’ and ‘leaving government should also formulate a of speakers namely Ms Marianne Clark- no one behind’ thrust of SDGs in the 12th Rights-based approach to development. Hattingh, UNICEF Representative for Malaysia; Malaysian Plan. Prof Dr Sulochana Nair, Vice Chancellor, In this context, participants expressed their Binary University; Dr Kenneth Simler, Senior Third, participants call on the government to frustration in the current non transparent Economist, The World Bank; Mr Sivarajan establish a Royal Commission on Poverty approach of inaccessibility to public data Arumugam, Secretary-General, Parti Sosialis to enquire into the nature of poverty in and the inadequate disaggregated data Malaysia’s (PSM) with introductory comments Malaysia or to establish a Special Taskforce, availability. The call is for open disclosure of from Tan Sri Michael Yeoh and Prof Datuk with a multi stakeholder team of experts, to poverty data for independent research Dr Denison Jayasooria who moderated the review the Rapporteur’s report and and academic assessment. discussions. undertake a national inquiry by holding ground level dialogues with ordinary people Fifth and finally, participants call for greater Arising out of the presentations and in every state especially Sabah, Sarawak and partnerships between the government discussions are five key take-away comments Kelantan rural kampongs, interior villages, agencies, grassroots communities and other which could be summarised as follows:- with forest-based communities and with all stakeholders (private sector, academia the target need groups mentioned in the & civil society) as most essential for poverty Firstly, participants welcomed the report of report. Dialogue with the urban poor in low eradiation as this is a joint responsibility. It the UN Special Rapporteur and recognised cost flats in major city centres is also was strongly expressed that working with the it as timely, noting that it reflected the views essential to determine who are the new poor? poor and local communities in a participatory on the ground on the status of poverty in What are their challenges? What they feel and consultative way is essential including Malaysia. This report is comprehensive, should be done to address their exclusion? fostering a bottoms-up approach in planning that it recognised both the achievements Participants called on the government to set rather than the usual top down approaches. Malaysia had made as well as exposed the a new national narrative by hearing the voices Decentralisation is essential as the face and current weaknesses in poverty measurement at the grassroots (Dialogues Rakyat) so as to nature of poverty differs in different context at including the neglect of specific target capture their lived realities as we enter 2020. urban and rural locations and among States. 31 MALAYSIAN HEALTHCARE CONFERENCE 2019

Malaysian Healthcare Conference 2019

7 March 2019 Hotel Istana Kuala Lumpur Optimizing Outcomes and Creating Values in a Changing Healthcare Landscape

The one-day Malaysian Healthcare Conference was organised by Kingsley Strategic Institute (KSI) and arising from the conference issues of rising healthcare cost, service and quality of care for patients were the main focus of the conference.

The Minister of Health Malaysia, YB Datuk Seri Dr. Dzulkefly Bin Ahmad delivered the keynote address. In his keynote address, the minister added that spending on healthcare almost invariably grows faster than GDP. The rate of growth of healthcare spend has exceeded that of GDP.

Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Tan Sri Michael Yeoh, President of KSI presenting a token of appreciation to the Minister of Health, YB Datuk Seri Dr. Dzulkefly Bin Ahmad. Solutions Pte Ltd receiving a token from YB Datuk Seri Dr. Dzulkefly Bin Ahmad, Minister of Health. Looking on is Tan Sri Michael Yeoh. Moreover, spending and economic recession are closely linked. Malaysia's healthcare industry spending is expected to reach about RM80 billion by 2020. The industry spending, which recorded RM52 billion at end-2017, has increased, fuelled up by the demand for healthcare services and the emergence of new care models beyond traditional hospital settings.

Macroeconomic factors like aging populations or insufficient public funding are also challenging both receivers and providers of healthcare. Adoption and penetration rates of clinical information systems vary greatly. In fact, the number (and size) of buyers varies from country to country, and is not necessarily dependent on the size of the country but rather on the structure of the

A group photo of speakers and organisers with the Minister of Health. From L-R: Ms Caroline Cheong; Mr Max Say; Mr Eric Wong of Napier healthcare system. Additionally, Healthcare; Tan Sri Dato’ Dr Abu Bakar Suleiman, Chairman, IMU Group; Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare purchasing behaviour is shifting Solutions Pte Ltd; YB Datuk Seri Dr. Dzulkefly Bin Ahmad; Tan Sri Michael Yeoh; Datuk Dr. Kuljit Singh, President, Association of Private Hospitals of Malaysia; Dr. Milton S W Lum, Consultant Obstetrician & Gynaecologist, Alpha Specialist Centre; Dr. Chua Hong Teck, Senior towards more coordinated, joint Advisor, Research Triangle Institute (RTI) Malaysia; Dr. Izzuna Mudla Mohamed Ghazali, Public Health Physician / Head of Horizon Scanning Unit, Malaysian Health Technology Assessment Section (MaHTAS), Ministry of Health Malaysia. purchasing. World Chinese Business & Economic Summit 2019

World Chinese Outstanding Entrepreneur WCBES Lifetime Lifetime Achievement Award: Madam Rita Lee Yi Ping, President, Yu Lay Achievement Awards Marble Development Co. Ltd., Taipei; World Chinese Outstanding Entrepreneur Lifetime Achievement Award: Dr. Li Li, Co-Founder & Vice Chairman, MEBO Group, China and USA;

Distinguished Lifetime Achievement Award for Regional Business Leadership: Mr Arin Jira, Chairman, ASEAN Business Advisory Council, Thailand & Vice Chairman, Federation of Thai Industries

World Chinese Think Tank Leader Award: Dr. Wang. Huiyao, President, Center for China and Globalization / Counsellor to State Council China, Beijing;

World Chinese Outstanding Entrepreneur Lifetime Achievement Award: Mr Andrew Khoo, Chairman & CEO, Mui Group receiving the memento from YB Teresa Kok, Minister of Primary Industries. Prof. Dato’ Dr. Chin Yew Sin, JP, Asia-Pacific Advisor, Global One Belt One Road Association and Director of EKA Noodles Bhd;

World Chinese Outstanding Entrepreneur Award: Ms Luo Jingyuan, Executive Chairman, Zhongyi Media, China;

World Chinese Outstanding Entrepreneur Award: Mr Wu Yue Dong, CEO, Guangdong Dulong Automobile Machinery and Equipment Manufacturing Co. Ltd., China

The Opening Ceremony of the 16th World Summit of Chinese Entrepreneurs was held At the Lifetime Achievement Award Conferment Ceremony. L to R: Dr Yan Lijin, Chairman, Silk Road International Foundation; Tan the next following morning. Towards the Sri Michael Yeoh, President KSI; Tan Sri Barry Goh, Chairman KSI; YB Teresa Kok, Minister of Primary Industries; Ms Linda Chen, Vice CHairman and Executive Director, Wynn Macau Limited; Tan Sri Lee Kim Yew, Patron & Founder, WCBES; Dr. Sam C.S. Lei, Executive late afternoon, the delegates were invited to Director, Macao Trade & International Promotion Institute and Mr Sun Zhiguo, Vice Chairman & Secretary, General China (Sanya) attend the 24th Macao International Trade and Public Diplomacy Institute. Investment Fair (MIF) and followed by a half- day Macao tour.

The Co-Organizers include 11 Key Leaders / individuals from various countries were selected to receive the WCBES • The World Federation of Chinese Lifetime Achievement Awards. The recipients were: Entrepreneurs Organization • Sanya Public Diplomacy Institute (SPDI) World Chinese Woman Business Leader of the World Chinese Outstanding Entrepreneur • The China National Committee for Pacific Year Award and World Chinese Entrepreneur Lifetime Achievement Award: Economic Cooperation (China-PECC) Lifetime Achievement Award: Ms Linda Chen, Dato’ Sri Dr. How Kok Choong, JP, Chairman, • The International Zheng He Association Vice Chairman & Executive Director, Wynn AGAPE ATP Corporation Group of Companies; • Silk Road International Foundation Macau Limited; • The Center for China & Globalization (CCG) World Chinese Business Leader Lifetime • Kingsley Strategic Institute for Asia Pacific (KSI) Distinguished Lifetime Achievement Award for Achievement Award: • Malaysia-China Chamber of Commerce Corporate Philanthropy: Mr Chen Quanzhou, Chairman, Ci Hang Group (MCCC) Tan Sri Azman Hashim, Chairman, AmBank Co. Ltd. Beijing & Chairman, Canadian Federal • Macao Trade and Investment Promotion Group & Founder Chairman, East Asia Business Foundation for Human Development Canada; Institute (IPIM) Council;

Principal Officers of Kingsley Strategic Kingsley Strategic Institute Institute for Asia Board of Directors Management Pacific(KSI) • Tan Sri Barry Goh, Chairman • Caroline Cheong, Executive Director & Chief Operating Officer • Tan Sri Michael Yeoh, President • Max Say, Executive Director & Chief Partnership Officer • Tan Sri Dato’ Hj Abd Karim Munisar, Director • Voon Zhen Yi, Research Director KSI’s Services • Datuk Kamalul Arifin Othman, Director • Quah Lian Sh’ng, Communication & Program Manager • Policy Research and Studies • Dato’ Mohd Arifin bin Mohd Arif, Director • Jessica Hap, Senior Event Manager & Senior PA to President • Business Advisory Services • Dr. Chua Ping Yong, Director • Kamalaveni A/P Batumalay, Conference Admin Manager • High Level Forums • Mohd Radhi Puteh, Event Sales Manager • Business Summits Advisers • Noor Syazwani Md Amin, Events Sponsorship & Conference • CEO Peer Groups • Tan Sri Lee Kim Yew, Executive Adviser Sales Manager • Dato’ Jean Wong, Business Development • Zaiton Mamat, Admin Executive • Tan Sri Dr. Omar Abdul Rahman, www.kasi.asia Distinguished Senior Fellow

KINGSLEY ADVISORY & STRATEGIC INITIATIVES SDN BHD1256734-T A-07-09, Plaza Mont Kiara, 2, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Malaysia T: +603 6419 9698 F: +603 6149 9683 E: [email protected]

Tan Sri Lee Kim Yew; Tun Dr. Mahatir Mohamad, Prime Minister of Malaysia; Tan Sri Michael Yeoh and President, Xi JinPing.