BERITA NEWSLETTER DECEMBER 2018

Nasi Lemak Dinner Talk: MERDEKA BALL 2018: SINGMA GOLF WELCOME, NEW MEMBERS: The Inside Story of the Sayangi Malaysiaku, TOURNAMENT A Special Look At What Your 1MDB Expose Love My 2018 Fellow Members Have Been Up To

“This is the moment where all Malaysians celebrate togetherness.”

Tun Dr , “We are very proud of the achievements and 7th Prime Minister of Malaysia and former longest serving 4th PM the many milestones attained so far…” addressing guests by video Dato’ Gan Khai Choon & Dato’ Seri Cheah Cheng Hye, conference on the night. Co-Chairmen, MCCHKM The love continues with many more action pics on page 5…

MERDEKA BALL 2018: Sayangi Malaysiaku

Seeking to draw attention to the deforestation of her beloved birthplace Sarawak, Clare Rewcastle-Brown, blogger of The and sister-in-law of former British Prime Minister The Right Honourable uncovers massive theft, sparks groundbreaking change, tells us how it happened.

Clare comes to Teh Tarik & Nasi Lemak on Page 4… At the Old Frees’ MayCham at dinner with Tun Dr Mahathir Mohamad 2 Association 202nd and wife Tun Dr Siti Hasmah in Beijing Anniversary The Penang Free School is Southeast Asia’s oldest English medium school, also the first school to be established in 1816 in Malaya (now Malaysia). The over 3,000-strong alumni proudly refer to themselves as Old Frees, and continue to travel from far and wide to meet up at OFA anniversary events. Notable alumni include Tunku Abdul Rahman, first Prime Minister of Maaysia and Dr Wu Lien-Teh, first medical student of Chinese descent to be admitted to the University of Cambridge, also first Malayan nominated for the Nobel Prize in Medicine. MayCham Co-Chair Dato’ KC Gan and MayCham Vice Chair Dato Lawrence Liu with YAB Tuan Chow US-China Trade Seminar Kon Yeow, Chief Minister of Penang

Tun Dr Mahathir accepted a cheque for 2.9mio RMB from Malaysian citizens in China for Tabung Harapan (Hope Fund), a platform for accepting donations to strengthen the Malaysian government’s finances

MayCham at the SCMP China Conference in Kuala Lumpur:

MayCham Co-Chairman Datuk Seri Cheah Cheng Hye, also Chairman and Co-Chief Investment Officer of Value Partners Group was a guest speaker. Value Partners is 2018’s Best Listed Company (Main Board Category) based on The Asset Benchmark Research, 2018 Top Investment House Hedge Fund Category G3 Bonds in the ListCo Excellence Awards, 2017 Outstanding Manager of the Year, Equity Category, in the Benchmark Fund of the Year Awards, Hong Kong

With YB Menteri Mohamed Azmin Ali, Minister of Economic Affairs. The Ministry of Economic Affairs is a new portfolio created by Tun Dr Mahathir In Search of Southeast Asia Through with a wider role overseeing the important Economic Planning unit With YB Tuan Syed Saddiq, Minister of Y outh and Sports, responsible for short and long term development planning. The ministry the M+ Collections Member of Parliament of Muar and Youth Chief of the also looks after state fund Ekuiti Nasional and state agricultural land Malaysian United Indigenous Party of Parti Pribumi Bersatu development body FELDA. Malaysia, a component of Pakatan Harapan coaition. Tuan Syed turns 26 this December, making him youngest ever -=sources: Nikkei Asian Review and Wikipedia. Federal Minister since Malaysia’s independence 2 3

Under YB Lim’s Competency, Accountability, Transparency (CAT) governance implementation, the state of Penang where he was formerly Chief Minister attracted at least RM12.2bio (almost USD 3bio) in capital investments.

Record budget surpluses were channeled into financial aid for the hardcore poor, cash handouts to the elderly, improved public housing, free Wifi and bus services for travelling workers. YB Lim’s CAT governance leadership and reformed government “ended the cronyism and corruption that led to major deficits under the previous regime.”YB Lim’s state government also implemented Cleaner, Greener Penang, pledging to make the state the most liveable, sustainable and environmentally friendly in Malaysia, improving education and enforcing free plastic bag bans from as early as 2010. - sources: The Economist and Wikipedia

Speakers and Guests (L-R): Chief Operations Officer and Head of Global Markets HLBB Mr HOR Kwok Wai, Consul-General of Malaysia Ms Grace TEH , Director of Research HKTDC Mr Nicholas KWAN, Chief Executive HLBBHK Ms Margaret LEUNG, Investment Consul of Consulate-General of Malaysia Mr Nazuki Bin ABDULLAN and Asst General Manager Global Markets HLBB Ms CHOONG Yin Pheng

3 4

“Corruption flourishes not just because… shelters, shell companies, offshore bank accounts, and dubious trusts are located in far-flung overseas territories, and often in rogue.. states, but because they are supported by apparently respectable firms at the heart of some of the world’s biggest and most advanced cities.”

Over 300 attendees sat rivetted in the packed-to- overflowing function room, as Clare Rewcastle Brown, author of The Sarawak Report and The Inside Story of the 1MDB Expose, told of how what began as a tiny rainforest campaign eventually derailed the world’s largest theft and brought down a government. What began as The Sarawak Report, Rewcastle-Brown’s blog seeking to draw attention to the destruction of Sarawak’s rainforests and the indigenous peoples’ loss of their land, became the exposure of a multi-billion dollar funds misappropriation by the Malaysian Government- run strategic development company 1MDB.

MayCham invited Rewcastle-Brown to Teh Tarik… and Nasi Lemak prepared from our patron Tengku Dato’ Sirajuzzaman, Malaysian Consul General “Geopolitical rivalries also allow disreputable regimes (HK&Macau)’s own family recipe. to continue their wrong-doing by exploiting big power rivalries and attempting to play off one set of competing “Rewcastle-Brown’s persistence and attention to detail in following the far- interests against another… When America’s justice reaching money trail provided invaluable investment insights into a financial officials woke up to the wrongdoing for a time the then- scandal that is increasingly expected to affect many more economies and Malaysian government believed they could get off scot- markets than initially presumed…” free by turning to China for loans that could bail them out and hide their losses… “

For more information about what MayCham is doing for Malaysian students in Hong Kong, visit www.mcchkm.com/studentsfund/ “It is never too early to empower the future” 4 5

Entertaining Stories… New Introductions…

Much Joy and Laughter… Countless Selfies…

Bosses with hands in boxes…

Miss Hong Kong 2018 Pageant Winners… Lights. Camera. MJ Entertainment.

Much Toasting…

Much Toasting…

Tailor-made high-end “Clink” entertainment and band for the highest quality music on the dance floor.

Much Dancing…

5 Patrick “Voice of Malaysia” Teoh6 and Kimmy Low a.k.a. Miss Jewelry Hong Kong 2017 Dr Jason Leung convinces us emcee the evening Laughter Is The Best Medicine

First Malaysian to win the 7th International HK Comedy Competition, perform full professional sets at Laugh Factory in Hollywood and Gotham Comedy Club NYC AND he’s a REAL doctor too…

Prince of Ballads Nicholas Teo adds Merdeka Ball Guest Performer to an already impressive list of accolades …. … that includes Lead in 5 highly rated Taiwanese Drama Series

“I won!” (And we don’t just mean our vote for Best This one’s mine! Lavish table gits a-plenty, Game Face of the “Mystery just one of the many perks of the night… Evening) Clink” Bonus Question: Who was Dato’ Gan’s “Mystery Clink”?

Clink!

“How many Pikachus did you catch?” 6