Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority ISKANDAR REGIONAL DEVELOPMENT AUTHORITY • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Annual Report 2008 Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Disclaimer:
Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority This report was prepared pursuant to Section 17 of IRDA Act 2007 and is an account of works and activities done by IRDA. Neither IRDA nor any of its employees • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar make any warranties, expressed or implied, or assume any legal liability for the accuracy, completeness or usefulness of any information or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial trade name, trademark, manufacturer or otherwise Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional does not necessarily constitute or imply its endorsement, recommendation or favouring by IRDA. The views and opinions expressed by authors herein do not necessarily state or reflect those of Malaysian Government or the State Government of Johor or any agencies thereof. Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development AuthorityPotentials • Iskandar Regional Development of today. Authority • Iskandar Regional Development Possibilities of tomorrow. Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority Iskandar Malaysia’s vision is to be a strong and sustainable metropolis • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar of international standing. As a beacon of vigorous growth, Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Regional Development Authority (IRDA) stimulates activities that further enhances Iskandar Malaysia’s global potential. Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority The Report’s Theme: ‘Potentials of Today, Possibilities of Tomorrow’ • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Through meticulous planning and development, through stringent quality and excellence – the potentials of today bring about the very Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development best of possibilities for tomorrow. The theme represents how Iskandar Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority Regional Development Authority (IRDA) creates opportunities for today and will shape the dynamic future of the region. • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Cover Rationale: The origins of the word Johor came from the Arabic word “Jauhar”, Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development which means “precious jewel”. The cover of this annual report adopts Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority this theme to illustrate the potential of Iskandar Malaysia to serve as a shining example of a model economic region – a dynamic yet sustainable • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar metropolis of the future. This is Iskandar Malaysia. Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • An Idea. A Landmark. Today. Tomorrow. The World. Tomorrow.
The Region. Today. Potentials. Today. Leaders. Tomorrow. City. Today. Metropolis. Tomorrow.
Ideas to shape the future In realising the skyline of tomorrow, A destiny towards global excellence Iskandar Regional Development Authority builds An accelerated fulfillment of potentials on the past to inspire the future. Iskandar Malaysia - a signature of emerging excellence. Contents
18 Iskandar Malaysia & IRDA
26 Co-Chairmen & CEO Statements
32 Members of the Authority & Committees
46 IRDA’s Organisation
60 Achievements & Events
88 Financial Report 16 17 Iskandar Malaysia & IRDA
18 About Iskandar Malaysia
20 The Five Flagship Zones
21 The Economic Clusters
22 Iskandar Regional Development Authority
23 IRDA’s Vision & Mission 18 Iskandar Malaysia & IRDA 19 About Iskandar Malaysia
ABOUT ISKANDAR MALAYSIA
Located at the southernmost tip of Peninsular Malaysia, Iskandar Malaysia (within the state of Johor) is strategically positioned on the world’s busiest shipping routes, and its rich endowment of natural and human resources has both underpinned Johor’s past successes and underscores Johor’s future potential. Johor’s relative prosperity has been anchored by a celebrated history of uninterrupted and mutually reinforcing combination of political stability and continuity, a progressive and deeply revered Sultanate, as well as the social and cultural cohesion among its multi-ethnic population that has been a constant source of strength, innovation and renewal.
Malaysia’s world class national connectivity infrastructure allows easy access to the domestic economy, opportunities and resources within the country. Being at the heart of the Asian region and at the cross-roads of the East-West trade routes creates lucrative opportunities from growing economies such as Indonesia, China and India. Also with its proximity to an international hub and the large economy of Singapore, and having two road connections and railway links provides seamless accessibility to its market. Iskandar Malaysia’s global reach is also supported by an international airport and two world-class ports.
Covering an area of 2,217 square kilometres, approximately three times the size of Singapore, Iskandar Malaysia offers significant supply of land which is priced competitively. The region has ready infrastructure such as power utilities, transportation networks and services, and broad based telecommunications. The economy is well diversified with successful clusters emerging around the electronics, logistics, food and agriculture, tourism and oil and petrochemical industries. Iskandar Malaysia is populated with a multi- lingual (including English) and educated workforce, providing skilled people ranging from the services, technical to the professional sectors. Investors and business operators venturing into Iskandar Malaysia are able to take advantage of the competitive cost structures of doing business here.
Being an initiative of Malaysian Federal Government, along with the Johor State Government, Iskandar Malaysia’s vision to be a strong and sustainable metropolis of international standing has the continued commitment, support and sponsorship of the Governments of this country and state. 20 Iskandar Malaysia & IRDA Iskandar Malaysia & IRDA 21 The Five Flagship Zones The Economic Clusters
THE FIVE FLAGSHIP ZONES THE ECONOMIC CLUSTERS
The development of Iskandar Malaysia has been strategically planned starting with five flagship zones. Iskandar Malaysia has been designated by the Malaysian Government to be a prime hub for nine economic clusters which will be given special focus and offer excellent investment opportunities. These include: N
SERVICES W E • Financial Advisory & Consulting • Creative Industries • Logistics • Tourism • Education • Healthcare Senai-skudai S MANUFACTURING • Electrical & Electronics • Petrochemical & Oleochemical • Food & Agro Processing johor bahru CITY CENTRE EASTERN GATE The Aspirations DEVELOPMENT 2005 2025 (Projected) Nusajaya Population Size (million) 1.4 3.0 CAUSEWAY WESTERN GATE GDP (PPP) in USD (billion) 20.0 93.3 DEVELOPMENT GDP per capita (PPP) in USD 14,790 31,100 Employment (million) 0.61 1.27 SECOND Link SINGAPORE ACCESS to Source: Comprehensive Development Plan 2006–2025 and updated as per IRDA’s latest Singapore projections
The attainment of the above-stated targets is possible only through an Iskandar Malaysia GDP growth of 8.0% annually until 2025. In turn, this would require a total investment of RM382.0 billion for the entire 20-year period. The investment targets are divided as Key landmarks and developments within each flagship zone are as follows: follows: 2005 2005 (Projected) FLAGSHIP A FLAGSHIP B FLAGSHIP C Year Total Investment Target Johor Bahru City Centre Nusajaya Western Gate Development 2006-2010 RM47.0 billion • Central Business District (CBD) • Kota Iskandar • Port of Tanjung Pelepas (PTP) 2011-2015 RM73.0 billion as heritage and cultural city • EduCity • Tanjung Bin Power Plant 2016-2020 RM107.0 billion • Customs, Immigration and • Medical Park • 2nd Link Access to Singapore Quarantine Complex (CIQ) • International Destination Resort • RAMSAR World Heritage Park 2021-2025 RM155.0 billion • Johor – Singapore Causeway • Southern Industrial & Logistics • Tanjung Piai – Southernmost Tip of Source: Comprehensive Development Plan 2006–2025 Clusters (SiLC) Mainland Asia • Puteri Harbour • Maritime Centre As at 31 December 2008, Iskandar Malaysia has received in aggregate, domestic and foreign direct investments of RM41.8 billion (USD12.0 billion) or 88.8% of the target investment of RM47.0 billion (USD13.6 billion) by 2010, signaling that Iskandar Malaysia FLAGSHIP D FLAGSHIP E is well on track to achieve its five-year target. Eastern Gate Development Senai-Skudai • Tanjung Langsat Industrial Complex • Senai Airport City Comprehensive Development Plan 2006–2025 outlines in detail the vision and • Johor Port • Senai High-Tech Park development blueprint for Iskandar Malaysia and is available on www.iskandarmalaysia.com.my. • Tanjung Langsat Port • Sedenak Industrial Park • Pasir Gudang Industrial Park • MSC Cyberport City • Johor Technology Park • University Technology * Exchange rate of USD1: RM3.46 has been used throughout the report Malaysia (UTM) (Source: Bank Negara Malaysia’s published rate on 31 December 2008) 22 Iskandar Malaysia & IRDA Iskandar Malaysia & IRDA 23 Iskandar Regional Development Authority IRDA’s Vision & Mission
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ision The Iskandar Regional Development Authority (IRDA) is a Malaysian Federal V To create Iskandar Malaysia as the first Government statutory body tasked with the objective of regulating and driving choice to invest, work, live and play various stakeholders in both public and private sector towards realising the vision of developing Iskandar Malaysia into a strong and sustainable metropolis of international standing.
IRDA’s statutory powers and functions are designed to achieve the above objective and include the following core functions in summary: - ission PLANNING • We Are Committed to Exceeding Our • To integrate and recommend planning policies and strategies of the Federal M Customers’ Expectations Government, State Government of Johor and local authorities relevant to enhance Iskandar Malaysia’s well being. • We Advocate Best Practices Through Partnerships & Seamless Delivery • To identify and develop strategies to enhance infrastructure, skills, science and technology research in the development of Iskandar Malaysia. • We Enhance Community and Individual’s Well Being
PROMOTION • We Care About Our Natural Environment • To undertake broad-based promotion of Iskandar Malaysia to the general public • We Value Our Employees and potential investors; both local and overseas.
• To drive, coordinate and monitor development of economic sectors, required enablers and social infrastructure.
FACILITATION • To provide consultation and information on investing in Iskandar Malaysia. ore Values • We Deliver Results Through Leadership • To act as the principal coordinating agent on behalf of relevant Government and Teamwork agencies in the relation to receiving, processing and expediting the requisite C approvals for investors in Iskandar Malaysia. • We Go The Extra Mile with a Can-Do Attitude • To assist existing investors in the resolution of issues affecting their business • We Nurture and Value Our People & Acknowledge environment. Contribution • We Strive For Continuous Improvement Through Innovation • We Uphold Integrity 24 25 Co-Chairmen’s & CEO’s Statements
26 Co-Chairmen’s Statements
28 CEO’s Statement 26 Co-Chairmen’s Statements Co-Chairmen’s Statements 27 Prime Minister of Malaysia Chief Minister of Johor
DATO’ SERI ABDULLAH HAJI AHMAD BADAWI DATO’ HAJI ABDUL GHANI OTHMAN
in study visits to Iskandar Malaysia from investors To strengthen Iskandar Malaysia’s international locally and from abroad. Public infrastructure works standing, the Federal Government has made an have commenced with an initial investment of initial commitment of RM6.8 billion for extensive RM6.8 billion from the Federal Government to infrastructural works under the Ninth Malaysia improve road and highways, drainage and sewage Plan (9MP). In 2008, many of these projects have and the environment that surrounds our rivers. commenced in particular roads and highways to Public housing programmes, which are a key priority improve connectivity and safety, drainage and sewage for Iskandar Malaysia, will provide affordable housing enhancements, and river cleaning to protect the eco- in amenities that meet international standards. environment. IRDA and the related Government agencies are spearheading these initiatives not only The Iskandar Service Centre (ISC), Iskandar Malaysia’s to ensure rapid completion but to ensure that one-stop license, permits and incentives processing international standards are achieved and made centre, has supported the submission and processing sustainable. requirements which has been valued by investors I’m pleased to report the excellent progress for The past year has seen the development of Iskandar and developers. The ISC, and with relentless support Iskandar Malaysia in 2008 towards its goal of attracting One area I am personally passionate to Malaysia continue at a vigorous rate. Even though the from other agencies, has been able to complete the investment and accelerating development within improve and sustain is the social well-being of the current economic crisis poses formidable challenges approval process within expected target times. the region. It is especially encouraging to note that community in terms of life-style improvements and for all, it is encouraging that Iskandar Malaysia Iskandar Malaysia’s investment proposition continues continues to attract investments way above that skills development. to be real and sustainably strong. In 2008, an additional planned. I truly believe a primary success factor for IRDA, in collaboration with other Government RM16.0 billion investment commitment has been Iskandar Malaysia is due to IRDA’s efforts to create agencies, has also completed several development secured into Iskandar Malaysia from both private IRDA and relevant Government agencies have seamless collaboration and innovation amongst blueprints which have been modelled to bring investors and the Government. And as of 31 December commenced activities in developing public housing stakeholders, them being the Investors, the Federal, world’s best practices to Iskandar Malaysia. 2008, investment commitments from both national initiatives based on world’s best practices, providing State and Local Governments, local businesses and and international investors reached a cumulative total skills development opportunities for local contractors contractors and the local community. One of which is the Safety and Security Framework of RM41.8 billion equivalent to 88.8% of its 2006-2010 and business as well as graduates from local which identifies initiatives that will address the root- target of RM47.0 billion. universities, and long-term action plans to enhance the entire workforce capabilities. All of these activities are I am determined to continue fostering this cause areas that need to be enhanced further, and implementation will commence early 2009. With this assurance in hand, and with the aimed for the community to have full opportunity to environment to ensure Iskandar Malaysia remains support from local business and the community, participate and take advantage of Iskandar Malaysia’s an engine of growth with benefits to the Johor benefits, and make Iskandar Malaysia more attractive people, our fellow Malaysians and to those who we What I have mentioned is just a flavour of the many Iskandar Malaysia is poised to meet its vision as a types of activities being implemented towards the to investors. welcome to venture into the region. strong and sustainable metropolis of international betterment of Iskandar Malaysia. As Chief Minister of standing by the year 2025. Let me close by expressing my highest appreciation to Johor and Co-Chairman of IRDA, I am pleased by the my Co-Chairman, YAB Dato’ Haji Abdul Ghani Othman, Johor has had a long history of relative prosperity momentum that has been established and excited as The current global economic downturn has posed huge Chief Minister of the state of Johor Darul Takzim. My largely due to its strategic location, cohesive social I see the future prospects will benefit all in Johor. challenges and pressure on many countries to sustain gratitude must also be recorded to all the Authority environment and willingness to venture. And this marketplace productivity and to remain competitive. Members, CEO, Management and Staff of the IRDA for has seen Johor continuously re-invent itself to meet I have the honour of thanking Dato’ Seri Abdullah Nevertheless, Malaysia was able to record a strong GDP their collaboration and support during the last year. I the needs and demands for it to remain relevant in Haji Ahmad Badawi, Prime Minister of Malaysia and growth of 4.6% through various Government led fiscal am optimistic that the relentless efforts of every single the Asian region and globally. Iskandar Malaysia Co-Chairman of IRDA, for his dedicated support for and non-fiscal measures, and private sector confidence. member of IRDA, Federal, State and Local Governments is essentially about taking advantage of this Iskandar Malaysia. Thanks also to the Members of Additionally, Malaysia’s financial system fundamentals and the continuous support from investors and the foundation, with competitive priced land, established the Advisory Council, as well as the Executive and have proven to be resilient in weathering the impact community will bring Iskandar Malaysia to the pinnacle industrial base, able local workforce and connectivity Audit Committees. Finally, I also want to thank to the commercial segment and social environments of its success. to the region and the world. And to be relevant, the Authority’s CEO, Dato’ Ikmal Hijaz Hashim, as of our Nation. The Government would continue to be IRDA and other Government agencies are focused on well as the Management and Staff of IRDA for their proactive in ensuring the country’s economy moves in I am pleased to present the Iskandar Regional creating the physical, business and social setting that achievements over the past year. a positive direction. Development Authority’s Annual Report for the year would be regarded as international standard. That ending 31 December 2008 together with my fellow means Iskandar Malaysia becomes a destination of With this confidence, we have seen significant Iskandar Co-Chairman, YAB Dato’ Haji Abdul Ghani Othman. “first choice to invest, live, work and play”, which is Dato’ Haji Abdul Ghani Othman Malaysia ventures in 2008 including RM750 million to IRDA’s vision. Co-Chairman, IRDA, establish the world renowned LegoLand theme park, Chief Minister of Johor setting up of a medical campus by the prestigious To that extent and for 2008, IRDA has been successful University of Newcastle (UK) and Acerinox & Nisshin Dato’ Seri Abdullah Haji Ahmad Badawi in progressing several crucial initiatives. Foremost Steel investing RM5.9 billion for a large scale steel Co-Chairman, IRDA is in the promotion effort, in conjunction with manufacturing plant. These and many other privately Prime Minister of Malaysia development partners, which showcased Iskandar led investments provide stimulus to the region and Perdana Putra, Putrajaya Malaysia’s attributes and features to the world. creates further opportunities for investors and the This has generated a further RM16.0 billion in community at large. investments in 2008 and we have seen an increase 28 CEO’s Statement CEO’s Statement 29 Chief Executive Officer of IRDA Chief Executive Officer of IRDA
DATO’ IKMAL HIJAZ HASHIM
Iskandar Malaysia as the first choice to invest, live, Based on IRDA’s Business Plan for 2008, the corporate IRDA’s vision remains clear – to create Iskandar work and play. We, at IRDA, continue to live the KPI’s emphasized focus on: Malaysia as the first choice to invest, live, work brand in every activity we do, with the aim that our • Attracting Investment and play. community and stakeholders will embrace the • Launching Social Programmes Iskandar Malaysia vision with us. We take assurance • Serving the Customers from the independent brand audit that Iskandar And for 2009 and beyond, IRDA will be • Promoting the Iskandar Malaysia Brand Malaysia’s brand recognition is growing strong and • Defining Standards of International Standing focused on driving Iskandar Malaysia’s our promotion investment is reaching the intended • Commencing Infrastructure Projects target groups. development and helping the investors, • Fostering A Higher Performing IRDA team businesses and the community take • To be a metropolis of international standing requires advantage of the opportunities. a certain expected standard in physical and social KPI infrastructure, not only to attract people and Category kPI investors into the region but more importantly IRDA would need to engage and work closely As we move past another year, I would like to say how enhancing the social standard of living of the Financial 1. New Investment Generation with all the stakeholders to ensure all promises honored I am to have served Iskandar Malaysia and community. IRDA is working with related 2. value of Investments in the Pipeline are delivered. For me this would mean the IRDA for 2008 I am pleased that IRDA turned in a strong Government agencies to define and ensure that team must be responsive to stakeholder needs Customer 1. Effectiveness of Branding performance in a challenging economic environment. the developments, eco-environment and services and possess the capabilities to deliver results – 2. Customer Satisfaction Survey We responded to the challenges by relentlessly infrastructures within Iskandar Malaysia provide the IRDA will continue evolving to sustain such an community with best practices of international organisation. focusing on clients and stakeholder needs, on the Process 1. Iskandar Malaysia Investment standing. Priority best practice blueprints have been priorities for Iskandar Malaysia development and Plan and Strategy completed in 2008 and implementation has In conclusion, I would like to recognise the operating IRDA with discipline. Instrumental to 2. Iskandar Malaysia Planning commenced on the Safety and Security relentless effort of the IRDA management Iskandar Malaysia’s progress has been the collaboration Blueprints Framework, Public Housing Standards and Mixed and staff who have demonstrated resilience between Federal, State and Local Government agencies 3. Service Delivery Business to help our clients who have ventured into the region use Development. and persistence in getting the job done. I also Transformation personally express my deepest gratitude for achieve and develop their opportunities with ease. This 4. Iskandar Service Centre Readiness past year we continued to strive towards our common • The ISC (Iskandar Service Centre) is certainly a IRDA’s co-chairmen who have provided IRDA vital cog for Iskandar Malaysia, and has achieved with foresight and wisdom. IRDA’s success to vision of making Iskandar Malaysia into a strong and People 1. Employee Satisfaction Index success in supporting strategic clients in fast- date has only been possible with the sustainable metropolis of international standing by the 2. Corporate Competency Index year 2025. tracking development and incentive approvals. collaboration from Federal, State and Local I envisage the ISC and call-centre to evolve further Governments who have given Iskandar Malaysia and with collaboration from relevant agencies, Community 1. Social Programme Implementation their focus and higher priority. The key objective is to continue enhancing this to become a best practice capability with respect to 2. 9MP Infrastructure region into a vibrant and sustainable economy with Government service delivery. Implementation Dato’ Ikmal Hijaz Hashim an attractive social environment for the community Chief Executive Officer, IRDA to enjoy for generations to come. • We must not forget and give due recognition for the enabling functions of IRDA such as HR, ICT and Looking forward with compelling confidence Finance, that provide the back-bone role in ensuring In summary, the highlights for the year have included: our business runs like clock-work. I believe that IRDA has matured into a productive service delivery agency having synergistic and seamless • Our promotional activities, including expositions • The IRDA family increased by 49.3% from 69 strong relationships with other Government agencies to provide with our partner investors and developers and to 103 and I am glad to note that our level of clients and stakeholders with superior services. We also with key Government agencies (such as MIDA), have teamwork and engagement are above industry have partnered with several established developers and generated much interest and awareness locally and standards as reflected in our recently concluded investors to successfully promote Iskandar Malaysia’s globally. As a result, IRDA hosted more than 140 site employee engagement survey. This survey indicated unique offering to the world. And we are focused to visits from potential investors. that the IRDA staff were focused and motivated with ensure an environment equal to international standards a high employee engagement level of 78.0% conducive to conduct business and to live. • To that extent, by the year end, Iskandar Malaysia compared to the national norm of 76.0%. secured investment commitments totalling To that extent I have confidence, which is backed by the RM41.8 billion, equivalent to 88.8% of its 2006-2010 I believe IRDA’s performance was largely driven by investment commitments to date and the continued target of RM47.0 billion, indeed a great achievement instituting the Balance Score Card (BSC) framework support from Government that the Iskandar Malaysia for the region. which identified key performance indicators (KPI) for journey is well on its way. We have seen much headway business activity. in a short span of time, however, there are still many • Central to our promotional activity was the launch of opportunities to be exploited. Therefore moving into the Iskandar Malaysia brand early in the year. the next phase of Iskandar Malaysia is to strengthen its The brand allowed us to create a distinct identity advantages and grow in terms of greater innovation and through the promotional messages associating diversity. 30 31 Members of the Authority & Committees
32 Members of the Authority
37 Advisory Council
40 IRDA’s Committees 32 Members of the Authority and Committees Members of the Authority and Committees 33 Member’s Profile Member’s Profile
DATO’ SERI ABDULLAH HAJI AHMAD BADAWI OBJECTIVES Dato’ Seri Abdullah Haji Ahmad Badawi is the Prime Minister of Malaysia, Minister of Finance (2004 - September 2008) and Minister of Defence (September 2008 - March 2009). Prior to the OF THE premiership, Dato’ Seri Abdullah was the Deputy Prime Minister and Minister of Home Affairs since 1999. Dato’ Seri Abdullah held AUTHORITY several senior cabinet ministerial posts, namely Minister of Education (1984-1986), Minister of Defence (1986-1987) and The Iskandar Regional Minister of Foreign Affairs (1991-1999). Development Authority MEMBERS OF THE AUTHORITY Dato’ Seri Abdullah Haji Ahmad Badawi pursued his tertiary was established by an Act of education at University Malaya where he graduated with B.A. (Hons) Parliament, Iskandar Regional The Authority is assisted by an Executive Committee (EXCO) which consists in Islamic Studies in 1964. Development Authority Act 2007. of five Members appointed by the Authority. The day-to-day administration Section 4 of the Act states that the of IRDA is entrusted to the Chief Executive Officer. The Authority met objective of IRDA is “to develop DATO’ HAJI ABDUL GHANI OTHMAN twice, in May and December in the year under review, 2008. There are eight the Iskandar Development Region Dato’ Haji Abdul Ghani is the Chief Minister of the State of Johor, members in total. into a strong and sustainable a position that he has held for three terms, since 1995. Dato’ Haji metropolis of international Abdul Ghani was previously the Minister of Youth and Sports at the standing”. Federal Government-level (1993-1995). Prior to that, he was the The Co-Chairmen, Members and Secretary of the Authority are: Deputy Minister of Finance (1990-1993) and Deputy Minister of As stipulated by Part II of the The Co-Chairmen Energy, Telecommunications and Post (1987-1990). IRDA Act 2007, IRDA is governed • Dato’ Seri Abdullah Haji Ahmad Badawi by a board officially known Prime Minister of Malaysia Dato’ Haji Abdul Ghani was a Colombo Plan scholar and graduated as the Authority. The primary • Dato’ Haji Abdul Ghani Othman with an Honours Degree in Economics from La Trobe University, responsibility of the Authority Chief Minister of the State of Johor, Malaysia Melbourne, Australia and a Master’s Degree in Political Economy includes but is not limited to the from the University of Queensland, Brisbane, Australia. He was setting of strategies, directions Two Representatives from Federal Government conferred an Honorary Doctorate of Laws by La Trobe University in and policies relating to the • Tan Sri Dr. Wan Abdul Aziz Wan Abdullah 1998. development within IRDA and Secretary-General, Treasury, Ministry of Finance other functions in connection • Tan Sri Dr. Sulaiman Mahbob TAN SRI DR. WAN ABDUL AZIZ WAN ABDULLAH therewith. Director-General, Economic Planning Unit, Prime Minister’s Department Tan Sri Dr. Wan Abdul Aziz is the Secretary-General, Treasury, Ministry of Finance, a post he assumed in February, 2007. He served The Authority is co-chaired by the Two Representatives from Johor State Government various divisions in the Prime Minister’s Department and Ministry Prime Minister of Malaysia and • Dato’ Abdul Latiff Yusof of Finance since 1975. He was appointed the alternate Executive the Chief Minister of the State State Secretary, State Government, Johor Director, World Bank Group, Washington DC, USA (on secondment of Johor. The other six members • Dato’ Hamsan Saringat from the Government of Malaysia) representing Brunei Darussalam, of the authority comprise of Director, State Economic Planning Unit (UPEN), Johor Fiji, Indonesia, Laos PDR, Malaysia, Nepal, Singapore, Thailand, two representatives each from Tonga and Vietnam. the federal government, state Two Professional Representatives government and private sector. • Tan Sri Dato’ Azman Mokhtar He is currently on the board of various organisations such as Federal The Members are to hold office for Managing Director, Khazanah Nasional Berhad Land Development Authority (FELDA), the Retirement Trust Fund a term not exceeding two years • Tan Sri Dato’ Tan Kay Hock (KWAP), MISC Berhad, Inland Revenue Board, Malaysia Airlines and are eligible for reappointment Chairman and Chief Executive, Johan Holdings Berhad System Berhad and Petroliam Nasional Berhad, to name a few. for a maximum period of three consecutive terms. Secretary Tan Sri Dr. Wan Abdul Aziz graduated with a B.Economics (Hons), • Dato’ Ikmal Hijaz Hashim Applied Economics, University Malaya, pursued his Master in Chief Executive Officer, IRDA Philosophy (Development Studies), University of Sussex, United Kingdom and later his Ph.D (Business Economics) from University of Leeds, United Kingdom. 34 Members of the Authority and Committees Members of the Authority and Committees 35 Member’s Profile Member’s Profile
TAN SRI DR. SULAIMAN MAHBOB DATO’ HAMSAN SARINGAT Tan Sri Dr. Sulaiman has been the Director-General of Economic Dato’ Hamsan has been the Director of Economic Planning Planning Unit (EPU) of the Prime Minister’s Department since Unit, State of Johor since 2006. Prior to this appointment, December, 2006. Prior to this, Tan Sri Dr. Sulaiman was the Executive he was the District Officer for Pontian (2005–2006) and Director of National Implementation Directorate from April 2006, Batu Pahat (February – December 2006). Dato’ Hamsan which was given the task of monitoring the implementation of the also served as the Deputy Financial Officer of Johor (January Ninth Malaysia Plan. In July, 2004, he was made the first president of – December 2004). Dato’ Hamsan began his service in the the Malaysian Institute of Integrity (IIM), an agency promoting good Johor Civil Service in 1976 and has been serving the Johor governance, ethics and a culture of zero corruption. He was awarded State Government for 30 years. the Tun Dzaiddin Ethics Award in May, 2006. Dato’ Hamsan holds a Bachelor of Economics Degree with Tan Sri Dr. Sulaiman holds an Honours Degree in Economics from Honours from University of Malaya. University Malaya in 1971, M.Sc. Degree in Agricultural Economics from Wye College, University of London, United Kingdom, in 1977 and Ph.D from Syracuse University, USA, in 1986. He attended a course on World Currency Reform at Harvard University, USA in 1999. TAN SRI DATO’ AZMAN MOKHTAR Tan Sri Dato’ Azman is the Managing Director of Khazanah Nasional Berhad (Khazanah), the strategic investment arm of the Government of Malaysia. Prior to his appointment in June, 2004, he was Managing Director and co-founder of BinaFikir Sdn Bhd, a financial consultancy; Director, Head of Country Research, Salomon Smith Barney Malaysia and Director, Head of Research, Union Bank of Switzerland, Malaysia. Before that, he held various positions in Tenaga Nasional Berhad (TNB, formerly known as DATO’ ABDUL LATIFF YUSOF National Electricity Board, LLN). Dato’ Abdul Latiff has been the State Secretary of Johor since October, 2006. Prior to his appointment as State Secretary, he was the Mayor Tan Sri Dato’ Azman is the Chairman of Iskandar Investment of Johor Bahru. He also held various positions including District Officer Berhad, Axiata Group Berhad (formerly known as TM International Berhad), Valuecap Sdn Bhd and holds various board memberships for the districts of Mersing, Kluang and Muar, respectively. He also including UEM Berhad. He serves on various public service bodies served as Secretary of the Johor City Council. In the year 2000, Dato’ including the Advisory Board for Cluster of Excellence Schools, Abdul Latiff was appointed Chairman (Yang Dipertua) of Batu Pahat the Board of Governors of the Malay College, Kuala Kangsar, Town Council. He has previously served as Private Secretary to the the Malaysian Directors Academy, Yayasan Khazanah and the Chief Minister of Johor. Executive Committee of Malaysia International Islamic Financial Centre (MIFC). He is also a member of the Kuala Lumpur Business Dato’ Abdul Latiff holds a Bachelor of Arts Degree from University Club, the Asia Business Council and the INSEAD East Asia Council. of Malaya.
He obtained his M.Philosophy in Development Studies from Darwin College, Cambridge University, United Kingdom. He is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a Chartered Financial Analyst (CFA). He also holds a post-graduate Diploma in Islamic Studies from the International Islamic University, Malaysia. 36 Members of the Authority and Committees Members of the Authority and Committees 37 Member’s Profile The Advisory Council
TAN SRI DATO’ TAN KAY HOCK Tan Sri Dato’ Tan Kay Hock is a lawyer by training, having been THE ADVISORY COUNCIL called to the Bar by Lincoln’s Inn, United Kingdom in 1971. In 1972, The Advisory Council was established by resolution at the First Authority Meeting, February, 2007. he was admitted as an advocate and solicitor to the Supreme Court of Malaysia. He is the Chairman and Chief Executive of Johan The Council consists of eminent Malaysians and foreign nationals who are, in the view of the Prime Holdings Berhad and a Non-Executive Chairman of George Kent Minister with the concurrence of the Chief Minister of Johor, in the position to provide advice and guidance to promote the aspirations of Iskandar Malaysia as a metropolis of international standing. (Malaysia) Berhad, both listed on Malaysian Bourse (Bursa Malaysia) The Council met once in December for the year under review. There are presently five members as well as a Non-Executive Chairman of Jacks International Ltd, in total. a public company listed on the Singapore Exchange Trading Limited. He also sits on the Malaysian-Philippines Business Council and the Steering Committee of ASEAN-Japan Business Meeting. In addition to that, he is a trustee of the Malaysian Humanitarian MEMBERS OF THE ADVISORY COUNCIL Foundation. TUN MUSA HITAM Before becoming Malaysia’s fifth Deputy Prime Minister and Minister of Home Affairs (1981-1986), Tun Musa Hitam held a number of key government posts, including Chairman of Federal Land Development DATO’ IKMAL HIJAZ HASHIM Authority (FELDA), Deputy Minister of Trade & Industry, Ministry of Primary Dato’ Ikmal was appointed as the Chief Executive Officer of Iskandar Industries and Minister of Education. Between 1990 and 1991, he was Regional Development Authority (IRDA) on 23 February, 2007. Prior to Malaysia’s Special Envoy to the United Nations and from 1995 to 2002, the his appointment to IRDA, Dato’ Ikmal was seconded from the UEM Group Prime Minister’s Special Envoy to the Commonwealth Ministerial Action to Pos Malaysia & Services Holdings Berhad and Pos Malaysia Berhad in Group (CMAG). He led Malaysia’s delegation to the UN Commission on Human Rights from 1993 to 1998 and Chairman of the 52nd Session of the 2003, and his last position there was Group Managing Director/Chief Commission in 1995. Executive Officer.
Tun Musa Hitam has held posts at the international level at various times. Dato’ Ikmal has extensive exposure in the property and development These included Chairman of the Commonwealth Parliamentary Association, sector. He has spent more than a decade of his career with the UEM member of the Board of United Nations Educational, Scientific and Cultural Group (since 1991), as the President of UEM Group Property Division, Organization (UNESCO) and leader of various Commonwealth Missions. where he concurrently held the position of Managing Director, Renong Tun Musa is currently Chairman of three public-listed companies, i.e. Lion Berhad (currently known as UEM Land Berhad) and its subsidiary, Industries Berhad, UM Land Berhad and Sime Darby Berhad. He is also a Prolink Development Sdn Bhd (currently known as Bandar Nusajaya Joint Chairman of Malaysia-China Business Council, Chairman of the World Development Sdn Bhd). Prior to that, he also held the position of Islamic Economic Forum, Chairman of the Eminent Persons Group on the Managing Director of PLUS Berhad, the concessioner of the North- ASEAN Charter and Special Envoy of the Commonwealth Secretary-General South Expressway (1993-1999). to the Maldives. Tun Musa Hitam received his Bachelor of Arts Degree from University Malaya, Master’s Degree from the University of Sussex, United Dato’ Ikmal served in the Administrative and Diplomatic Service of the Kingdom and is a Fellow at the CFIA, Harvard University, USA. He also holds Honorary Doctorates from University of Sussex, United Kingdom, Federal Government (1976-1991) in various positions in the District University Malaysia Sabah and University Malaya. He is a Fellow of the Office, Regional Development Authority, Training Management and Malaysian Institute of Management and Member of the Advisory Board of Administration, as well as other Ministry units. the Malaysian Journal of Diplomacy and Foreign Relations.
He holds a Master of Philosophy Degree in Land Management from the University of Reading, United Kingdom. 38 Members of the Authority and Committees Members of the Authority and Committees 39 The Advisory Council The Advisory Council
TAN SRI SAMSUDIN OSMAN DATUK SERI PANGLIMA ANDREW SHENG Tan Sri Samsudin is presently the Chairman, Employee Provident Datuk Seri Andrew is presently the Chief Advisor to the China Fund and President, Putrajaya Corporation. Tan Sri Samsudin has Banking Regulatory Commission and a board member of the Qatar Financial Centre Regulatory Authority and Sime Darby Berhad, over 37 years of experience in the public sector. From Febuary, Malaysia. He is also Adjunct Professor at the Graduate School of 2001 until September, 2006, he served as the Chief Secretary to the Economics and Management, Tsinghua University, Beijing, China Government of Malaysia. Prior to that, Tan Sri Samsudin was the PRC and University Malaya. Director-General of Public Services Department. Other positions held were Secretary-General, Ministry of Home Affairs; Secretary- In addition, he is a member of the Labuan Offshore Financial General, Ministry of Domestic Trade and Consumer Affairs; Federal Services Authority, Malaysia (LOFSA), the Governing Council of Secretary of Sabah (1990); Deputy Secretary-General, Ministry of the International Centre for Education in Islamic Finance, Malaysia (INCEIF) and the Advisory Council of the National Institute of Transport (1978); Deputy Director (Academic), National Public Securities Market, India (NISM). Administration Institute (INTAN) (1986-1987); Deputy Director (Administration), INTAN (1985-1986); Head of Finance and Datuk Seri Andrew was Chairman of the Securities and Futures Account Management Centre, INTAN (1982); Special Officer to Commission of Hong Kong from October, 1998 to September, the Chief Secretary to the Government of Malaysia (1977) and 2005. Between October, 1993 and September, 1998, he was the Assistant Secretary/Principal Assistant Secretary, Public Service Deputy Chief Executive responsible for the Reserves Management and External Affairs Department in Hong Kong Authority. Department (1969). Between 1989 and 1993, he was Senior Manager, Financial Sector Development Department, World Bank. From 1976 to 1989, he Tan Sri Samsudin has a B.A. (Hons) and Diploma in Public held various positions with Bank Negara Malaysia (Malaysia’s Administration from University Malaya and a Master’s Degree in central bank), including Chief Economist and Assistant Governor in Public Administration from Pennsylvania State University, USA. charge of Bank and Insurance Regulations.
Datuk Seri Andrew chaired the Financial Stability Forum’s Task Force on Implementation of Standards in 1999. From October, 2003 to September, 2005, he chaired the Technical Committee of TAN SRI KISHU TIRATHAI the International Organisation of Securities Commissions (IOSCO). Tan Sri Kishu is currently a Court Fellow with the Malaysian Institute He currently chairs the annual OECD/ADBI Roundtable on Capital of Management, Fellow of the Malaysian Institute of Directors, Market Reform in Asia. Advisory Council Member to the Corporate Malaysia Roundtable and a member of the Malaysia-British Panel of the Roundtable. KUOK HOCK NIEN (ROBERT KUOK) He has served as Director of Bank Negara Malaysia, the National Mr. Kuok is the Chairman of Kerry Group Ltd. He retired from most Productivity Corporation and the Malaysian Industry - Government of his businesses in 2000. Group for High Technology. He was the Founding Chairman of the Malaysian External Trade Development Corporation (MATRADE) The Kuok Group of Companies are active in commodity trading, and an Exco Member of the Malaysian Crime Prevention development of sugar and palm-oil plantations, property Foundation. development including hotels and their management, logistics, shipping, insurance and general investments. The Group consists of He has also served as a Director of the Malaysian Industrial a few private companies and a number of public-listed companies Development Corporation (MIDF), Sampoerna Holdings Bhd and in Malaysia, Singapore, Hong Kong, China PRC, Thailand and the Philippines. the KL City ASMIC Unit Trust Management Bhd.
Tan Sri Kishu holds a Master’s Degree in Business Administration (Hons) from University of Bath, United Kingdom. 40 Members of the Authority and Committees Members of the Authority and Committees 41 IRDA Committees IRDA Committees
APPROVAL & IMPLEMENTATION IRDA COMMITTEES COMMITTEE (AIC) The AIC was established by virtue of Section 30 of the Iskandar Regional Development MALAYSIA-SINGAPORE JOINT Authority Act 2007 and is responsible for: MINISTERIAL COMMITTEE (JMC) • Identifying proposed major or strategic development and investments in Iskandar Malaysia Established in Langkawi in 2007, the JMC was formed by both the Prime Ministers • Monitoring the status of all approvals in relation to such proposed major or of Malaysia and Singapore to undertake joint initiatives focusing on bilateral issues strategic development and investments between Malaysia and Singapore with regards to Iskandar Malaysia, specifically • Coordinating the roles and activities of all relevant Government entities to in the areas pertaining to cross-border transportation, immigration, tourism and expedite the implementation of such proposed major or strategic development environment. and investments • Identifying any difficulties or issues arising during the implementation of such The current members of the JMC are: proposed major or strategic development and investments, and taking or recommending appropriate steps and administrative actions to resolve such CO-CHAIRMEN difficulties or issues • Senator Tan Sri Amirsham A. Aziz – Minister in the Prime Minister’s • Reporting the status of the implementation of such proposed major or strategic Department, Malaysia development and investments in Iskandar Malaysia • Mr. Mah Bow Tan – Minister for National Development, Singapore The AIC is chaired by the YAB Chief Minister of Johor, Malaysia and its members consist MEMBERS of representatives from Federal and State departments and agencies. • Dato’ Haji Abdul Ghani Othman – Chief Minister of the State of Johor, Malaysia • Mr. Raymond Lim – Minister for Transport, Singapore The Chairman, Members and Secretary of the AIC are:
JOINT SECRETARIES CHAIRMAN • Dato’ Dr. Ali Hamsa – Deputy Director General II, Economic Planning Unit, • Dato’ Haji Abdul Ghani Othman, Chief Minister of Johor, Malaysia Prime Minister’s Department, Malaysia • Dato’ Ikmal Hijaz Hashim - IRDA CEO MEMBERS • Ms. Chang Hwee Nee – Deputy Secretary II, Ministry of National • Dato’ Ikmal Hijaz Hashim - IRDA CEO Development, Singapore • Senior Rep - Ministry of Finance • Senior Rep - Companies Commission of Malaysia NOTABLE ACHIEVEMENTS IN 2008 • Senior Rep - Ministry of Home Affairs The JMC reviewed the progress made so far by the four Joint Work Groups on • Senior Rep - Ministry of International Trade & Industry (MITI) Immigration, Transportation, Tourism and Environment. The JMC noted the efforts • Senior Rep - Ministry of Natural Resources & Environment and initiatives to facilitate operational management of cross border traffic, changes • Senior Rep - Malaysian Industrial Development Authority (MIDA) in transportation regulations and increased reciprocal acceptance of local vehicle • Senior Rep - Economic Planning Unit (EPU), Prime Minister’s Department regulations. • Senior Rep - State Economic Planning Unit (UPEN), Johor • Senior Rep - Ministry of Works Progress has also been made in terms of joint tourism promotion efforts, and the • State Director of Department of Lands and Mines, Johor development of a river cleaning action plan. • State Town & Country Planning Director, Johor • IRDA Federal Commissioner Further discussions and studies on the identified areas & projects would be carried out • IRDA State Commissioner in the coming months. PRESIDENTS OF ALL LOCAL COUNCILS IN ISKANDAR MALAYSIA, JOHOR • Mayor of JB City Council, Johor • President of JB Tengah Town Council, Johor • President of Pasir Gudang Town Council, Johor • President of Kulai Town Council, Johor • President of Pontian District Council, Johor
SECRETARY • Iskandar Service Centre, IRDA 42 Members of the Authority and Committees Members of the Authority and Committees 43 IRDA Committees IRDA Committees
THE SOCIAL DEVELOPMENT SOCIAL PROJECT FUND COMMITTEE (SDC) COMMITTEE (SPF)
The Social Development Committee was formed in 2007 to advise IRDA on matters The Social Project Fund Committee was established to ensure that funds are utilised relating to policies, procedures and implementation of social development programmes in accordance with the provisions of the Act as well as the Comprehensive Development in Iskandar Malaysia. Plan (CDP).
Chaired by the Co-Chairman of the Authority, the Chief Minister of Johor, the members CHAIRMAN of the SDC mainly comprise representatives from the Federal Ministries, State • Dato’ Dr. Haji Shahir bin Nasir (former State Secretary of Johor) Agencies and Government-Linked Companies (GLCs). There are 11 Members in total. The Chairman, Members and Joint Secretaries of the SDC are: MEMBERS • Dato’ Haji Abdul Latiff bin Yusof - State Secretary CHAIRMAN • Dato’ Hamsan bin Saringat - Director, State Economic Planning Unit (UPEN) Johor • Dato’ Haji Abdul Ghani Othman - Co-Chairman of IRDA, Malaysia • Dato’ Ikmal Hijaz bin Hashim - IRDA CEO • Dato’ Ghazali bin Mohd Ali - Private Sector Rep, Boustead Group MD MEMBERS • Dato’ Musa Muhamad – Secretary General, Ministry of Entrepreneur & SECRETARY Co-operative Development (MECD) • Social Development Division, IRDA • Dato’ Ahmad Fuad Ismail – Secretary General, Ministry of Housing & Local Government ISKANDAR MALAYSIA • Datuk Zulkefli A Hassan – Chief Secretary, Ministry of Higher Education • Dato’ Abdul Latiff Yusof – State Secretary, State Government, Johor STEERING COMMITTEE (IMSC) • Dato’ Hamsan Saringat – Director, State Economic Planning Unit (UPEN), Johor • Mohd Azam Abid – Director, Department of Town & Country Planning The Iskandar Malaysia Steering Committee was set up with the following objectives: • Sapian Alias – Director, Johor State Development Department • Tan Sri Dato’ Azman Mokhtar – Managing Director, Khazanah Nasional Berhad • Provide executive governance and oversight on Iskandar Malaysia. • Tan Sri Dato’ Mohammad Ali Hashim – Chief Executive, Johor Corporation • Provide strategy and direction on Iskandar Malaysia. • Dato’ Ikmal Hijaz Hashim - IRDA CEO • Resolve key issues and make key decisions on Iskandar Malaysia.
JOINT SECRETARIES CO-CHAIRMEN • Social Development Division, IRDA • Tan Sri Dato’ Azman Mokhtar - Managing Director, Khazanah Nasional Berhad • State Economic Planning Unit (UPEN), Johor • Dato’ Ikmal Hijaz Hashim - IRDA CEO
MEMBERS • Arlida Ariff – Iskandar Investment Berhad • Ganen Sarvananthan – Khazanah Nasional Berhad • Dr. Nungsari – Khazanah Nasional Berhad • Adlan Ahmad – Iskandar Investment Berhad • Omar Siddiq – Khazanah Nasional Berhad • Muhd Firdaus Azharuddin – IRDA • Amardeep Dhillon – IRDA
SECRETARY • Programme Management Office 44 45 IRDA’s Organisation
46 Senior Management Team
57 Organisation Structure 46 IRDA’s Organisation 47 48 IRDA’s Organisation 49 Senior Management Team Senior Management Team
HARUN HJ JOHARI Executive Director B.Sc (Hons) in Mechanical Engineering (University of Western Australia)
Harun joined IRDA as Executive Director in October 2008 and would be appointed Chief SENIOR MANAGEMENT TEAM Executive Officer on 1 March 2009 upon the retirement of Dato’ Ikmal Hijaz Hashim at the end of February 2009.
1 DATO’ IKMAL HIJAZ HASHIM 9 AMARDEEP DHILLON Previously, Harun was the Chief Executive Officer of Port of Tanjung Pelepas (PTP), Chief Executive Officer Head, Strategic Management a leading container port in Malaysia. Harun was also on the boards of several joint venture companies and a public-listed company in the Asia Pacific region. Prior to his stint in PTP, 2 HARUN HJ JOHARI 10 NOOR AZWA MOHD NOOR Executive Director Senior Vice President, Investment & Business Harun had over 25 years experience in the oil and gas industry with a leading multinational corporation, which included senior leadership positions with responsibility for 15 countries 3 SAIFUL BAHARI BAHAROM 11 NOR HISHAM HUSSEIN within the Asia Pacific region before advancing to be the Advisor for Health, Safety and Senior Vice President, Senior Vice President, Human Capital Environment for the same organisation. Strategic & Stakeholder Management (Iskandar Malaysia)
4 NASSER ISMAIL 12 KARINA IDRIS AHMAD SHAH Deputy Head, Strategic Communications Assistant Vice President, Legal & Secretarial SAIFUL BAHARI BAHAROM 5 ZAINOL RASHID ZAINUDDIN 13 ISMAIL IBRAHIM Senior Vice President, Strategic & Stakeholder Management Head, Technical & Projects Federal Commissioner B.Sc in Economics and Finance (New Hampshire University, USA); M.A in Asian Studies in the field of Southeast Asian Finance and Political Economy 6 JASMIN AMIRUL GHANI 14 A. RAHMAN HASSAN (Cornell University, USA) Head, Business Transformation Senior Vice President, Integrated Planning Saiful is responsible for the Corporate Planning division in IRDA and was the project 7 NOR HISHAM MOHD YUSOF 15 RUGAYAH YASMIN IBRAHIM Head, Corporate Services Senior Vice President, Human Capital & Management manager for the Investment and Marketing Strategy Study (Project Gambir).
8 MUHD FIRDAUS AZHARUDDIN 16 MOHAMED HUSLI MOHD YASSIN He joined IRDA in July, 2007, with his first nine months seconded as Special Officer to Head, Iskandar Service Centre Senior Vice President, Social Development the Minister in the Prime Minister’s Department at the Economic Planning Unit, Prime Minister’s Department. Prior to IRDA, Saiful was Director of Strategic Research & Business Not in picture: Development, Corporate Communications and Islamic Finance at the Labuan Offshore 17 DR. BADRUL HISHAM KASSIM State Commissioner Financial Services Authority (LOFSA). Before that, he was attached to CIMB where he held various positions including Vice-President of Equity Sales, Head of the Special Projects Unit and Executive Director of CIMB Securities (Hong Kong) Pte Ltd.
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10 5 8 11 12 3 4 6 7 13 14 15 16
1 2 50 IRDA’s Organisation IRDA’s Organisation 51 Senior Management Team Senior Management Team
NASSER ISMAIL JASMIN AMIRUL GHANI Deputy Head, Strategic Communications Head, Business Transformation B.A in Economics (London School of Economics, UK); B.Sc. in Economics (University of Warwick, UK); Masters in International Business and Management (University of Westminster, UK) M.Sc. in Engineering Business Management (University of Warwick, UK)
Nasser is responsible for the brand management and promotions for Iskandar Malaysia Jasmin’s main focus in IRDA is in building core business processes and ICT implementation. which encompasses marketing communications, advertising, public relations and overall stakeholder management. Her professional career began when she joined Accenture, a leading global management consulting company, where she focused on improving business processes in numerous He has more than 12 years of experience in marketing communications and business organisations, as well as the implementation of various organisational change development. Before joining IRDA, Nasser was the head of the Property and Free Zone programmes. Jasmin subsequently joined Ethos & Company, a boutique management Department at the Port of Tanjung Pelepas (PTP) and responsible for the marketing and consulting firm where she developed performance management and programme administration of 1,000 acres of prime real estate within Malaysia’s largest container management capabilities for Government-linked companies. port. While at PTP, he also held positions in Corporate Communications and honed his change management skills as the core team leader of the PTP business transformation initiative. NOR HISHAM MOHD YUSOF Head, Corporate Services B.A (Hons) in Accounting and Management Science (University of Kent, UK) ZAINOL RASHID ZAINUDDIN Head, Technical & Projects Nor Hisham is responsible for the main support functions of IRDA, namely finance, B.Sc. in Civil Engineering (University of Aston, UK); human resources, information and communication technology, procurement and Masters in Business Administration (University of Bath, UK) general administration. As the Head of Corporates Services, he plays a crucial role as the intermediary between IRDA and a number of key Federal Government ministries in matters Zainol Rashid is responsible for the planning and implementation of the Ninth relating to financial allocation and performance reporting, in particular the Ministry of Malaysia Plan projects, and also assists and provides technical support to the other Finance and the Economic Planning Unit under the Prime Minister’s Office. Divisions within IRDA. He has 17 years of professional experience holding executive positions in the areas of Prior to joining IRDA, he was a business development and project management finance, audit and corporate matters with a number of Government-linked companies and consultant. He also sat on the board of several private limited companies. In a multinationals. Hisham also spent four years in London, United Kingdom with Morison career spanning 30 years, Zainol has held senior positions in various organisations, Stoneham, Chartered Accountants before returning to Malaysia in 1995. including Project Director, Solutions Protocol Sdn Bhd; Executive Director, Pembinaan Kekal Mewah Sdn Bhd; Managing Director, Kualiti Alam Sdn Bhd; General Manager Hisham holds professional memberships with a number of recognised professional bodies (Technical), PLUS Bhd and a Senior Engineer position with the Public Works namely The Institute of Chartered Accountants of England and Wales, Malaysian Institute Department. of Accountants and the Institute of Internal Auditors (Malaysia). He is also a Certified Internal Auditor (US). 52 IRDA’s Organisation IRDA’s Organisation 53 Senior Management Team Senior Management Team
MUHD FIRDAUS AZHARUDDIN NOOR AZWA MOHD NOOR Head, Iskandar Service Centre Senior Vice President, Investment & Business B.Sc. in Petroleum and Natural Gas Engineering (Pennsylvania State University, USA) B.Sc. in Actuarial Science (University of Kent, UK); Masters in Business Administration (Swinburne University of Technology, Melbourne, Muhd Firdaus is responsible for managing the Iskandar Service Centre (ISC), which Australia) processes all applications on behalf of investors, as well as the 24/7 IRDA Call Centre. Noor Azwa is responsible for implementing strategies and initiatives for the development Muhd Firdaus has over 13 years of experience in the courier and logistics industry, of economics and business activities, as well as the attraction of investment into Iskandar specialising in logistics start-ups, business process re-engineering and general Malaysia. operations. Prior to IRDA, Muhd Firdaus was the Chief Operating Officer of Poslaju and AsiaXpress, the two arms of Pos Malaysia for three years. Before that, he was the Noor Azwa has more than 13 years working experience in the financial sector, i.e. insurance, Regional Supply Chain Director for Cognis Oleo Chemicals. His logistics and courier equity, research and investment. Prior to joining IRDA, he was Head of Research at Avenue profession began in 1995 when he joined FedEx Malaysia. Securities Sdn Bhd and Pilgrimage Fund Board (Lembaga Tabung Haji). During his 10-year career in research, he has been awarded the Best Overall Analyst – The Edge, a leading Malaysian business weekly (2004); Best Transportation Analyst – The Edge (2004 & 2005), AsiaMoney (2005); and Best Equity Strategist – The Edge (2004) in Malaysia. He AMARDEEP DHILLON has also successfully led his team in Avenue to be among the Top 3 Research Houses in Head, Strategic Management Malaysia – The Edge (2004 & 2005). Bachelor of Science (Australian National University, Australia); Post Graduate Diploma in Accounting (Monash University, Australia); Masters in Business Administration (Monash University, Australia) NOR HISHAM HUSSEIN Amardeep plays an instrumental role in enhancing IRDA’s capability in terms of Senior Vice President, Human Capital (Iskandar Malaysia) strategic direction and management, business process design and ICT implementation. B.A. (Hons) in Social Science and Humanities (Universiti Kebangsaan Malaysia)
His 20 years of professional career commenced with his involvement in the Australian Nor Hisham is responsible for the development of Iskandar Malaysia’s Human Capital Government’s implementation of innovative business models and ICT to improve the blueprint that looks at human resource and talent requirements in Iskandar Malaysia. This productivity of the Australian Taxation Office. He then joined Accenture, a leading major blueprint helps ascertain and formulate the human capital strategies to ensure the global management consulting company, where he focused on business development, human capital requirements of the nine targeted economic clusters of Iskandar Malaysia human resource competency building and directing the implementation of large scale is adequately met. Nor Hisham is also in charge of monitoring and facilitating the change programmes. implementation of the initiatives formulated under the Human Capital blueprint.
He began his career at MBf Finance Berhad in 1992. Subsequently, he extended his career at Celcom Berhad where he rose through the ranks from Human Resource Development and Operations to HR Strategy, and finally as theH ead of Human Resource Development Division in year 2000.
Nor Hisham joined PwC Consulting in year 2000 and served as Project Manager in the Petronas-MISC Business Transformation Project. He was recruited back to Celcom in year 2003 and played an instrumental role in the Manpower Rationalisation and Merger exercise with TM Touch, a Telekom Malaysia subsidiary . Hisham was also at DDI International as a Regional Consultant from the year 2003 to 2005. In 2005, he joined the Port of Tanjung Pelepas (PTP) as General Manager of Human Resource. Hisham is DDI’s certified Performance Management, Selection and HRD facilitator. 54 IRDA’s Organisation IRDA’s Organisation 55 Senior Management Team Senior Management Team
KARINA IDRIS AHMAD SHAH A. RAHMAN HASSAN Assistant Vice President, Legal & Secretarial Services Senior Vice President, Integrated Planning B. Law (Hons) LLB (Universiti Kebangsaan Malaysia) Masters in Town and Regional Planning (University of Sheffield, UK)
Karina is responsible for ensuring effective Board operations and interactions and that A. Rahman is responsible for the strategic level planning and coordination of development the Authority’s obligations under any agreements are carried out in accordance with for Iskandar Malaysia. He leads a team of professionals in IRDA to undertake the the laws of Malaysia. preparation of blueprints as part of the enhancement exercise for Iskandar Malaysia’s Comprehensive Development Plan. Prior to joining IRDA, she was Senior Legal Counsel with Merit Properties Sdn Bhd, a member of the Kuok Group of Companies. She was also attached to Ramkasha He began his professional career as Town Planner with the Federal Town and Country Portfolio Sdn Bhd as Director/Company Secretary, and acted as Advocate & Solicitor Planning Department in 1979. He resigned from Government service in 1992 to join the / Company Secretary at Messrs Abu Talib Shahrom & Zahari. During her tenure there, private sector as Town Planner with Kinta Kellas PLC. Notable completed projects where she was seconded to PLUS Expressways Bhd as the Legal Advisor / Assistant Company he was directly involved in the planning and implementation aspects include Bandar Secretary. Nusajaya, Johor; Putra Light Rail Transit, Kuala Lumpur; Tanjung To’kong Development, Pulau Pinang; Universiti Industri Selangor’s main campus, Selangor; Labuan Island Beautification Project, Federal Territory of Labuan; and Noi Bai Industrial Zone, Vietnam.
ISMAIL IBRAHIM Federal Commissioner B.Sc. in Urban and Regional Planning (Heriot-Watt University, Edinburgh, UK) RUGAYAH YASMIN IBRAHIM Senior Vice President, Human Capital Management and Administration Ismail is responsible for liaising with and coordinating all relevant ministries, federal B.A. in Business Administration (Ohio University, Athens, USA) departments, or other bodies of the Federal Government in order to expedite the issuance or grant of all approvals for trade, investment or development that are Rugayah Yasmin is responsible for all human resource and administration matters within available under the federal laws. IRDA. This involves organizing, integrating and directing all human capital management and administration activities, which support the overall business strategy and design. Ismail is a Government town planner registered with the Board of Town Planners Malaysia. He joined the civil service in 1983 as a town planning officer with the Rugayah’s career in Human Resource began in 1983 where she joined Advanced Micro Federal Department of Town and Country Planning, Ministry of Housing and Local Devices, a multinational company in Penang. She then joined Projek Lebuhraya Utara Government. In 2003, he was appointed as the Penang State Director of Town and Selatan (PLUS) Berhad in 1989, a company under the Renong Group, and was later Country Planning. Ismail was seconded to Khazanah Nasional Berhad as Senior Vice transferred to PROPEL as the Head of Human Resource and Administration. In 1996 she President for Special Projects to take on the South Johor Economic Region (Iskandar was given the challenge to set up the Human Resource and Administration Department Malaysia) initiative in 2006. He contributed significantly to the formulation and in LITRAK, an associate company of GAMUDA Group. In 2004 she joined Pos Malaysia subsequent approval of the Town Planners Act 1995, Town and Country Planning Berhad as the Deputy General Manager of Human Resource, and Administration, and also (Amendment) Acts of 1995 and 2001, and most recently the Iskandar Regional the Training Institute before joining IRDA. Development Authority (IRDA) Act 2007. 56 IRDA’s Organisation IRDA’s Organisation 57 Senior Management Team Organisation Structure
MOHAMED HUSLI MOHD YASSIN Senior Vice President, Social Development ORGANISATION CHART B.A. (Hons) in Geography (University of Malaya); M.Sc. in Planning (Universiti Sains Malaysia)
Mohamed Husli Mohd Yassin is responsible for Spatial, Housing and Social Welfare cluster initiatives in the Social Development Division. Members of the He is an urban planner by profession. Prior to joining IRDA, he served for over 30 years Authority in the Urban Development Authority in various positions in the Urban Planning and Urban Development Division. He has contributed to the development of major UDA Holdings projects in the country. Internal Audit
Chief DR. BADRUL HISHAM KASSIM CEO Executive Office State Commissioner Officer B. Law (Staffordshire Polytechnic, UK); Masters in Business Administration (Leicester University, UK); Ph.D in Water Management and Regulation (University of Glamorgan, Wales, UK)
Dr. Badrul is a Johor State Officer and currently holds the post of Deputy Director of Office the State’s Economic Planning Unit (UPEN). of Risk Secretarial Programme Commissioners Management Services Management Since joining the Johor State Civil Service in 1992, Dr. Badrul has served in several departments including:
• Assistant State Secretary, Johor State Secretariat (1992-1995) • Manager, Permodalan Darul Ta’zim (1995-1999) • Assistant Land Administrator (1999-2000) • Private Secretary to the Chief Minister of Johor (2000) Chief • Principal Assistant Director, Johor Economic Planning Unit (2005-2006) Operating Officer He was seconded to Khazanah Nasional Berhad in 2006-2007, and is currently the Deputy Director, Johor Economic Planning Unit, with part secondment to IRDA.
Business Iskandar Investment Technical Process Integrated Social Strategic Corporate Service & & & Planning Development Management Service Centre Business Transformation Projects 58 59 Achievements & Events
60 IRDA’s Achievements by Strategy
84 Calendar of Key Events 60 Achievements & Events Achievements & Events 61 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
IRDA’S STRATEGIC ROADMAP KEY STRATEGIES FOR 2008
IRDA’s strategic direction is referenced from the Comprehensive Development Plan 2006- The seven key strategies, listed below, translated into 43 priority projects which would 2025 and the IRDA Act 664 (2007). The Comprehensive Development Plan provides the deliver high impact and outcomes for Iskandar Malaysia. The seven key strategies were: vision and holistic development blueprint for Iskandar Malaysia, whilst the IRDA Act states the objectives, functions and powers of the Authority. Additionally, wisdom and guidance from the Members of the Authority has been integral to ensure the strategies Set up investment road map and bring in remain relevant and focus is placed on the right priorities. catalyst investments IRDA’s strategic roadmap is divided into three (3) key transformation phases to realise its vision. Ensure priority development blueprints are in place
Progressive & sustainable Phase 3 investment and economic Sustain development & Continue to build awareness of the Iskandar Innovate Malaysia brand
Phase 2 Evolution Strengthening Commence planning and execution of social & Growth programmes Phase 1 Planning & Foundation Creating growth Building Accelerate infrastructure (9MP) projects opportunitiesimplementations & moving
Targeting catalyst investments Get the full-fledged Iskandar Service Centre set up and running 2007 – 2009 2010 – 2015 2016 - 2025 Strengthen internal capabilities and capacity For 2008, IRDA’s focus was two fold, firstly in Planning and Foundation Building to develop the required operating model that would shape and steer the path for Iskandar Malaysia’s development. And secondly, support the investors launch their large-scale projects by To deliver successfully on these strategies, IRDA business operating model was developed fast-tracking the approval process. This initial phase is crucial to the potential success with the structure and processes for seamless collaboration relationships with Federal, of the following stages of development for Iskandar Malaysia, as it creates the platform State and Local Governments to provide superior services to clients and the community. for the required transformation of Iskandar Malaysia into a metropolis of international standing. The following pages are summary overview of IRDA’s achievements for 2008.
To that extent, IRDA’s 2008 business plan strategies have focused on driving and delivering outcomes, not only for the longer term but also incorporate action to achieve early benefits. To operationalise these strategies IRDA utilised the proven balance scorecard framework and all activities were KPI (key performance indicator) driven. 62 Achievements & Events Achievements & Events 63 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
1. SET UP INVESTMENT ROAD MAP AND 2008 Investments by Industry Sector BRING IN CATALYST INVESTMENTS 8.8% 4.7% RM1.4bn RM0.8bn 6.5% Manufacturing RM 41.8 billion commitment in investments achieved from the RM1.0bn Utilities private and public sectors 6.7% Property RM1.1bn Government From November 2006 to December 2008, Iskandar Malaysia attracted investment commitments totalling RM41.8 billion (USD12.1 billion). This is equivalent to 88.8% of its 2006-2010 target Investment of RM47.0 billion (USD13.6 billion). In 2008 alone, Iskandar Malaysia investment commitments Bunkering amounted to RM16.0 billion (USD4.6 billion) from both private and public sectors. This track- 11.9% RM1.9bn Tourism record is encouraging as it reinforces the Iskandar Malaysia offerings and investors view the growth 61.4% potential to be positive for their business. RM9.8bn
It must be noted that the investment performance is attributed to the collaborative efforts of the Federal, State and Local Government agencies, industry bodies and developers and investors. IRDA continues to work actively with these stakeholders to ensure project implementation is in accordance to the plans. Investment & Marketing Strategy enhances Iskandar Malaysia’s value offerings
IRDA initiated an Investment & Marketing Strategy study to look into the enhancement 2006-2008 Investment by Industry Sector of the economic drivers for Iskandar Malaysia and to define the value opportunities and advantages for investors. Based on the Iskandar Malaysia Comprehensive Development Plan 2006-2025, the Investment & Marketing Strategy maps out a path in ensuring the 1.8% 3.3% priority industry sectors remain relevant and sustainable to investors by targeting high- RM0.8 bn RM1.4 bn value added activities into the region.
16.4% The nine priority sectors are: RM6.8 bn • Petrochemical and Oleochemical • Healthcare Services Manufacturing • Tourism • Logistics Utilities • Electrical and Electronics Manufacturing 52.0% • Education RM21.7 bn Property • Agro and Food Processing Goverment Investment 19.6% • Financial Services RM8.2 bn Tourism • Creative Services Bunkering A total of 29 development programs were identified for implementation over the next 6.9% five years for which the outcomes would reinforce Iskandar Malaysia’s investment RM2.9 bn proposition and drive the growth of the nine priority sectors.
* Exchange rate of USD1: RM3.46 has been used throughout the report ( Source: Bank Negara Malaysia’s published rate on 31 December 2008) 64 Achievements & Events Achievements & Events 65 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
Over 140 site visits by potential international and local private Iskandar Malaysia has generated positive interest and hosted over 140 prospective investors’ (domestic and overseas visits). As illustrated in the chart below, besides ASEAN investors countries, interest came from nations worldwide, namely Japan, France and Australia.
IRDA continued its efforts to create awareness and to attract investments by actively participating in various promotional activities in Malaysia and around the world – via direct promotion and media relations. Prospective Investor Visits to Iskandar Malaysia in 2008 IRDA participated in international trade missions targeting industries aligned to the investment (By Country) objectives of Iskandar Malaysia. Leveraging on the proven approach by Malaysian Industrial Development Authority (MIDA) and MATRADE, IRDA engaged with private investors and foreign Government to promote Iskandar Malaysia’s offerings and understand the requirements of the 2.0% 4.0% 4.0% investors. 2.0% Malaysia 11.0% Singapore Australia Japan 34.0% Korea Visit by DYAM Tunku Mahkota Johor and Europe DYTM Tengku Mahkota Pahang 18.0% Indonesia China Others 5.0% 11.0% 5.0% 4.0% IRDA is also actively promoting Iskandar Malaysia domestically by holding the Iskandar Malaysia Info Day, Seminar Peluang-Peluang Perniagaan : Iskandar Malaysia and MIDA-Business Opportunities in Malaysia. Interest Areas of Prospective Investors
Property Development 16.0% Petrochemical & Oleochemical Electrical & Electronic 6.0% Food & Agro-processing 4.0% Logistics 49.0% Tourism Info Day 2008 ROTALK 2008 3.0% Financial Services 5.0% 1.0% Healthcare 2.0% Education 3.0% 4.0% Creative 4.0% 3.0% 66 Achievements & Events Achievements & Events 67 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
2. ENSURE PRIORITY DEVELOPMENT BLUEPRINTS ARE IN PLACE
Local stakeholder’s collaboration provides valuable insights Infusing best practices of international standing in Iskandar
IRDA organized Roundtable Dialogues sessions with key industry and Government stakeholders Malaysia’s development to enhance development and investment opportunities for all, by gaining detailed understanding The successful development of Iskandar Malaysia into a strong and sustainable of areas for enhancement. The participants comprised of companies from both manufacturing metropolis of international standing hinges on the foundation of its planning framework. and services sector together with the landowners in each Flagship Zone. These sessions have been The framework, in the form of planning blueprints, are a set of standards to guide the proven productive not only by creating operating networks amongst stakeholders, but in identifying implementation of Iskandar Malaysia policies and strategies on specific subjects, such as implementable initiatives to improve the value offerings and transforming Iskandar Malaysia into Land Use, Environment and Infrastructure. IRDA has made significant progress in producing a place to do business with ease. The Roundtable Dialogues received positive response from the blueprints for Iskandar Malaysia. A total of 32 blueprints have been planned, 12 for urban various stakeholders and IRDA will continue to engage these stakeholders. planning, 7 for infrastructure, 4 for environment, 4 for utilities and 5 covering other areas. As at 31 December 2008, 8 blueprints have been completed with the remaining 26 in various stages of work. The 8 blueprints that have been completed are as follows: The Flagship Booklet publication provides easy access to facts and information · Safety and Security Blueprint · Integrated Transport Study · Human Capital Blueprint IRDA produced the inaugural “Flagship Booklet” comprising detailed information on the five flagship · Enterprise G.I.S. Blueprint For Iskandar Malaysia zones in Iskandar Malaysia for investor’s ease of reference targeting potential investors, developers · Mixed Use Development for Innovative Planning and Design Blueprint and business operators. The Flagship Booklets have been distributed to investors both locally · Design Brief for Public Housing and internationally, and also made available of the www.Iskandarmalaysia.com.my internet · Guidelines for Foreign Workers Housing home page. · Investment and Marketing Roadmap
The blueprints detail the framework and action plans to implement strategies, programmes and projects, derived from best practices benchmarked from other world class cities. IRDA works collaboratively with relevant agencies and industry bodies to define their standard of excellence.
Efficient Integrated Public Transportation for accessibility Iskandar Malaysia flagship booklets and convenience
The transportation blueprint places emphasis on key principles such as future development and growth of Iskandar Malaysia public transport accessibility and existing regulatory framework. The essential aim is to create accessible, convenient and safer public transportation to be enjoyed by the community.
The blueprint proposes rail base transportation systems, supported by conventional buses and feeder buses. The alignment of the rails will focus to serve major catchment areas within Iskandar Malaysia and cover four key hubs in Johor Bahru.
The blueprint also establishes a comprehensive implementation plan, including establishing funding needs and regulatory changes as required to ensure success and commitment in the execution of public transportation in Iskandar Malaysia. 68 Achievements & Events Achievements & Events 69 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
3. CONTINUE TO BUILD AWARENESS OF THE ISKANDAR MALAYSIA BRAND
Safety and Security at the core of Iskandar Malaysia Iskandar Malaysia’s Brand is growing in recognition locally and globally IRDA delivered a safety and security blueprint in recognition of the importance of safety and security as a precondition to stability, growth, and sustainability. The Blueprint establishes a The Iskandar Malaysia brand was officially launched by the Prime Minister of Malaysia vision for Safety and Security in Iskandar Malaysia that shares responsibility for achieving key in early April 2008. With its unique logo that symbolises elements of Johor and its goals, commencing with an intensive effort at coordination and integration amongst vested offerings, creates an identity that would be easily recognisable by the public. The logo stakeholders, and implementation of early enhancements in 2009. The Blueprint then proposes and its associated value proposition is now represented in all promotional material in a period of incremental safety and security capability enhancement over the period of the Tenth various mediums, collaterals and formats. Malaysia Plan to 2015, a focus on capability extension over the Eleventh Malaysia Plan to 2020, and a focus on capability sustainment over the Twelfth Malaysia Plan to 2025. At the end of 2008, IRDA appointed an independent branding consultant to conduct a brand audit where it was established that the Iskandar Malaysia brand positioning has propagated successfully in the market place and recognised by the intended target audience. More adaptation and continuous effort would be Safe Home Campaign launch required to ensure the proposition messages are reinforced and a wider audience group is reached.
Strategic promotional campaigns reaching investors locally and globally To provide explicit guidance to all stakeholders, the blueprint incorporates a set of forty-six Development Programmes mapped to each Strategy. Each Development Programme addresses IRDA continued with its concerted international a specific safety and security capability enhancement, recaps international proven practice, and promotional campaign to build the Iskandar Malaysia outlines a way ahead for Iskandar Malaysia. In aggregate, the Development Programmes will proposition in 2008 with more active and aggressive drive a significant body of activity over the period to 2025 print and electronic media activities. Apart from engaging with the local and international media to ensure positive and sustained coverage of the latest developments in Mixed Use Development for Innovative Planning and Design Iskandar Malaysia, IRDA also produced special advertising supplements which were featured in Forbes and the International Herald Tribune. This blueprint is designed to allow developers and designers to creatively design and build mixed use developments. The document translates existing policy on Mixed Use Development as The Chief Executive Officer of IRDA was interviewed live outlined in the existing National Physical Plan (NPP), National Urbanization Policy and Iskandar by Bloomberg TV in Asia and Europe allowing Iskandar Comprehensive Development Plan and provides strategies for planning and implementation Malaysia to be highlighted to global viewership of over guidelines to be used by the local authorities to develop and maintain sustainable initiatives on 73 million. Special TV programming which was broadcast land use planning in Iskandar Malaysia. on CNBC and Channel News Asia were also developed to highlight the progress of development in Iskandar Malaysia. These half hour specials highlight in depth the various aspects of Iskandar Malaysia and feature interviews with Malaysian national and state level leaders, investors, analysts and non-government organizations. Two specials episodes were produced in 2008, entitled Sustainable Growth and Global Investor. Both episodes were broadcast on international satellite channels such as CNBC Europe, CNBC Asia and Channnel News Asia. 70 Achievements & Events Achievements & Events 71 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
In addition, one minute promotional videos were produced and broadcasted on selected Key promotional events showcased Iskandar Malaysia international TV news channels to support IRDA’s participation in international events and exhibitions such as Cityscape Dubai. advantages to the world
Iskandar Malaysia also features on a globally syndicated TV Business show, World Business, which has a global reach of 300 million households. World Business is a weekly, half-hour • Iskandar Malaysia debuts in Cityscape Asia 2008 television programme reaching C-Suite executives, senior managers, government officials and IRDA participated in its first Cityscape Asia exposition which was held in Singapore, leading global opinion formers. Among the global channels that carry World Business include between 15 and 17 April 2008. This was where the new Iskandar Malaysia brand was PBS in the USA, CNBC Asia, CNBC Europe and Sky News Business Channel which covers the unveiled to the international community. IRDA collaborated with UEM Land, Danga Oceania region. Bay and Iskandar Investment to set up an Iskandar Malaysia pavilion which attracted significant attention from visitors as well as the media. In support of the Iskandar Johor Open Golf tournament, IRDA also placed airtime on the program Business of Sport which is featured on 17 leading airlines inflight entertainment reaching 4 million passengers per month on selected airlines including Malaysia Airlines, Singapore Airlines, Qantas and Alitalia.
Keeping the local community connected
In addition to promoting Iskandar Malaysia to the business and investment community, efforts were also made to reach out to the local community and to inform the public on Iskandar Malaysia. IRDA officers in collaboration with local community leaders gave face to face briefing to update and inform the community on the latest developments taking shape in Iskandar Malaysia. Cityscape Asia 2008
• WCIT 2008 puts Iskandar Malaysia on the world ICT Map In May 2008, IRDA teamed up with the Johor State government, TM Berhad, MSC Cyberport Sdn Bhd and UEM Land at the 2008 World Congress on Information Info Day 2008 Technology.
WCIT 2008 Electronic media was also utilised as a communication medium to reach out to the community. This took the form of Special Johor FM radio programs to keep locals informed on current developments and issues. Also as part of IRDA’s efforts to promote a safe and secure Iskandar Malaysia, IRDA collaborated with the Royal Malaysian Police and The Star newspaper in their safe home campaign during the festive and holiday seasons. All homes which participated in the safe home campaign recorded 0% break-ins. This was the first time that Malaysia played joint host to the prestigious event and IRDA also participated in many local exhibitions such as career fairs and trade shows. These provided the ideal platform to introduce Iskandar Malaysia to the international ICT activities allow for the local community to find out more about business and employment community. opportunities in Iskandar Malaysia while interacting with IRDA staff. 72 Achievements & Events Achievements & Events 73 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
• Iskandar Malaysia creates a presence in Cityscape Dubai 2008
Cityscape Dubai is the regions premier networking exhibition and conference focusing on all aspects of the property and metropolis development cycle. The event attracts regional and international investors, property developers, government and development authorities, leading architects, designers, consultants and all other professionals involved in the property industry. Although this was the first time Iskandar Malaysia was featured in Cityscape Dubai, it generated significant interest from the media as well as the investment community. More than RM 200 IJO 2008 Retief Goosen wins million in Iskandar Malaysia real estate transactions were conducted. After 4 gruelling days, Retief Goosen emerged from the pack as winner of the second The exhibition and conference was held over a four-day period from 6 to 9 October 2008. edition of this tournament. A collaborated activity, the Iskandar Malaysia booth housed four organisations namely IRDA, UEM Land, Danga Bay and Iskandar Investment. IRDA was among over 400 exhibitors from all over the world that participated in Cityscape Dubai. Refreshed www.iskandarmalaysia.com.my provides additional features and content
The new Iskandar Malaysia Website was launched in April 2008 after the announcement of the new Iskandar Malaysia brand by the Prime Minister. The new website featured Cityscape Dubai the new Iskandar Malaysia logo and additional content such as streaming video of Iskandar Malaysia news, interviews and special news features. The website also included downloadable versions of Iskandar Malaysia marketing collaterals and an interactive map of the committed developments within the 5 flagship zones in Iskandar Malaysia.
Iskandar Johor Open 2008 brings the stars of golf to Iskandar Malaysia
Following up from the success of the 1st Iskandar Johor Open (IJO) in 2007, the Iskandar Johor Open 2008, presented by IRDA and Nusajaya was held at the Royal Johor Country Club from 30 October to 2 November 2008. Iskandar Malaysia homepage The star player for the event was Retief Goosen from South Africa. Other players of note included Niclas Fasth from Sweden, Thongchai Jaidee and Thaworn Wiratchant from Thailand, local Malaysian talents Airil Rizman and Ben Leong as well as defending champion Artemio Murakami from the Philippines.
A key benefit of organising the IJO 2008 was the extensive television coverage on all 4 days of the tournament with 4 hours of live coverage across 5 regions which totaled 299 hours of live international coverage on the satellite channel ESPN. 74 Achievements & Events Achievements & Events 75 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
4. COMMENCE PLANNING AND EXECUTION OF SOCIAL PROGRAMMES Enhancing the skill standards in the local construction industry
Iskandar Malaysia-Construction Industry Development Board (CIDB) Collaboration RM 200 million has been secured for Public Housing projects Programme, is a joint initiative between IRDA, CIDB and Iskandar Investment Berhad, the investment arm of Khazanah for Iskandar Malaysia. On 11 April 2008, the Prime Minister, who is also IRDA Co-chairman, announced an allocation of RM200.0 million to implement public housing in Iskandar Malaysia. The project which is approved It focuses on generating experienced skilled workers to meet the anticipated demand for under the Mid-Term Review of the Ninth Malaysia Plan (9MP) period, is envisaged to become construction workers in Iskandar Malaysia. It is open to a wide group, including secondary a showcase to the new implementation of public housing. The objective is to build better and school-leavers, those already in the construction industry but aiming to polish existing improved quality rental housing in Iskandar Malaysia with improved public facilities in a conducive skills, and those who wish to pursue careers in construction site supervision and other living environment. related professional fields.
To ensure the objective is achieved, IRDA has developed the Affordable Public Housing Guidelines, In 2008, 350 participants enrolled in this programme to be trained in 13 different courses followed by the design brief which was concluded in September 2008. The first phase of this project offered. The first batch completed their courses in February 2009 and all trainees have would involve the construction of approximately 1,500 units of houses, each with the minimum been recruited through job-matching done by a co-ordination effort between IRDA and area of 900 square feet, in 3½ to 4 storey apartment blocks. Other prominent features of this Iskandar Investment Berhad. Moving forward, IRDA will work with the contractors to project design are the elements of Crime Prevention Through Environmental Design (CPTED), identify the recruitment needs and relevant courses for the trainees. This is to ensure a utilization of IBS system, eco-friendly and promote interaction amongst the community. continuous high success rate in employability and sufficient supply of skilled workforce for this industry to support the development in Iskandar Malaysia. Maintenance and management aspect of this housing is also vital as this project should set the benchmark for future public housing projects in the country. Hence, IRDA initiated a study on “Five (5) Years Strategic Business Plan for Iskandar Housing Management Company (IHMC)”. Also undertaken is the development of the housing database and profiling target group for appropriate Programme to develop a talented and skilled work force selection of tenants and beneficiaries. for Iskandar Malaysia
Iskandar Malaysia is a long-term project with a vision to be a sustainable metropolis Iskandar Malaysia provides local graduates with on-the-job of an international standing. Hence, it is important that we have the right strategies to develop the talent and skilled workforce amongst the locals to support targeted economic experience activities.
The Iskandar Malaysia Graduates Employability Enhancement Programme (GREEN), a collaboration Realising this challenge, Iskandar Malaysia Human Capital Steering Committee (IMHCSC) with Khazanah Nasional Berhad is designed to serve as a template for future initiatives in training was formed on 26 June 2008 to ensure more co-ordinated and integrated initiatives are Malaysians for jobs within Iskandar Malaysia. The programme is focused on providing participants undertaken. The Iskandar Malaysia Human Capital Blueprint was developed in the fourth with opportunities to improve their skills and assist them in gaining work experience towards quarter of 2008. The scope of the blueprint is to : finding suitable employment. i. Determine the human capital demand in nine targeted economic clusters for IM After its launch in September 2008, 250 graduates were selected to be pioneers in the programme ii. Identify talent gaps based on related blueprints and IM talent studies from 19 October to 24 December 2008 and the participants are provided with communication iii. Study and benchmark strategies / best practices with other countries / economic training and project management skills. The participants were fresh graduates who were job seeking hubs to reflect IM’s aim of becoming an economic hub of international standing or with jobs not related to their areas of study. iv. Formulate suitable strategies and plans to ensure ready and sustainable supply of talent for IM’s employment demands Upon completion, they were sent for a 10-month attachment with organisations such as v. Recommend a comprehensive and actionable project plan to be executed by the Government Linked Companies (GLCs) and other private companies commencing January 2009. Implementation Committee to ensure sustainable talent for IM’s development More than 30 companies signed up to support this initiative, mostly operating within Iskandar purposes. Malaysia.
Most participants claimed that the programme provided them with communication skills, brushed them up on English proficiency and fluency, enhanced one’s confidence in facing the working world and the importance of teamwork. IRDA oversees the overall programme and acts as the coordinator between graduates and companies. 76 Achievements & Events Achievements & Events 77 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
5. ACCELERATE INFRASTRUCTURE (9MP) PROJECTS
IRDA accelerates the implementation of infrastructure projects River Cleaning Projects to Enhance the Eco-Environment In February 2008, the Authority was entrusted to implement some of the Ninth Malaysia Plan (9MP) projects within Iskandar Malaysia namely, the roads, drainage and river cleaning projects. Project Detailed Commencement Completion Residents, investors and the local business community in Iskandar Malaysia will enjoy a better No. Project Date Date quality of life and enhanced business opportunities once projects under the 9MP are completed. 1 Sg. Tebrau (Package A) 18 Aug 2008 31 Aug 2009 Under the 9MP, the Federal Government has allocated a total out of RM6.8 billion for Iskandar Malaysia, of which IRDA was allocated of RM2.0 billion that comprises of 18 projects in total. 2 Sg. Tebrau (Package B) 23 Oct 2008 22 Oct 2009
Proper governance is adhered to while implementing the 9MP projects. In compliance to IRDA’s 3 Sg. Skudai (Package 1) 17 Nov 2008 5 April 2010 authority limits, prudent government tendering processes and Ministry of Finance guidelines were complied in implementing the projects. 4 Sg. Skudai (Package 2) 23 Oct 2008 22 Oct 2009
The details of these projects are as follows;
Drainage Projects to Mitigate Flooding Roads Enchancement Projects for Better Connectivity Project Detailed Commencement Completion No. Project Date Date Package Detailed Commencement Completion Project Date Date 1 Sungai Ayer Molek 18 Aug 2008 31 Aug 2009 1 Coastal Highway 23 Dec 2008 22 Dec 2011 2 Kg. Hj. Mohd Amin 18 Aug 2008 31 Aug 2009 2 Skudai - Abu Bakar 23 Dec 2008 22 June 2011 3 Kg. Permatang & Jln. Denai 18 Aug 2008 31 Aug 2009 3A yahya Awal Interchange 29 Oct 2008 28 Oct 2010 4 Kg. Hj. Rahmat 18 Aug 2008 31 Aug 2009 3B Abu Bakar Interchange 29 Oct 2008 28 April 2011 5 Sungai Taman Johor 18 Aug 2008 31 Aug 2009 4 Skudai - Senai 29 Oct 2008 28 April 2011 6 Sungai Bala 23 Aug 2008 22 Oct 2009 5 ulu Tiram 23 Dec 2008 22 June 2011 7 Saliran Bandar Senai 23 Aug 2008 22 Oct 2009 6 kolam Air 29 Oct 2008 28 April 2010 78 Achievements & Events Achievements & Events 79 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
6. GET THE FULL-FLEDGED ISKANDAR Proven success in expediting processing and approval SERVICE CENTRE SET UP AND RUNNING targets
Iskandar Service Centre provides one-stop convenience for As a result, the ISC team has not only met the above targets but also exceeded investor’s expectations in terms of service levels provided. The ISC team in collaboration with customers Government agencies facilitated planning permission approvals as well as building & infrastructure plan approvals for 5 major investors in a shorter time frame than agreed in The Iskandar Service Centre (ISC) was set up in 2007 to provide comprehensive facilitation and the SLAs. processing services that is one of the critical components in determining the overall speed of development in Iskandar Malaysia. PLANNING PERMISSION LAND MATTERS
Actual processing days Actual processing days Processing days as per SLA Processing days as per SLA
40 70
30 28 21
20 19 18
17 60 10
0 50 Medini Puteri Iconic Park Newcastle Puteri
- Iskandar harbour - Iskandar university harbour 45 Investment - haute Investment - Iskandar - uEM Land Berhad Property Berhad Investment Sdn Bhd 40 Sdn Bhd Berhad 40
Iskandar Service Centre 32 In 2008, the ISC continued to expand in both size and capacity through the formation of several BUILDING & INFRASTRUCTURE 30 new units, namely, the Immigration, Incentive Management and Processing units. The Immigration Actual processing days Unit was set up to facilitate visa and work permit applications by foreign professionals as Processing days as per SLA the volume of foreign investments continue to grow. The Incentive Management Unit 40 20
provides incentives advisory services as well as facilitates IRDA’s clients in their applications 30 26 for incentives while the Processing Unit provides processing and facilitation services for 23 20 19 18 10 various planning and licensing applications for its clients.
10 8
The ISC also acts as the Secretary for the Approval and Implementation Committee (AIC) whose 0 0 main role is to endorse as well as monitor proposed strategic developments and investments in Waterfont Iconic Park Newcastle EduCity Medini Gazzeting Gazzeting Medini Phase 2 - Iskandar university - Iskandar - Iskandar Section 8 Section 4 - Surrender Iskandar Malaysia. The AIC reviewed and endorsed 4 major strategic investments in 2008 worth a Investment - Iskandar Investment Investment for for and Berhad Investment Berhad Berhad roadworks roadworks Re-alienation total of RM 17.6 billion. Berhad Building (SBkS)
IRDA and Local Authorities collaborate to enhance Government There were also 3 major land transactions that were executed in an expedited manner service delivery which exceeded the standard timelines practised by the Land and Minerals Office (Pejabat Tanah dan Galian) and District Land Office (Pejabat Tanah Daerah). One of the key achievements of the ISC in 2008 was the signing of Service Level Agreements (SLA) with all five (5) approving Local Authorities in Iskandar Malaysia. The Local Authorities The ISC team had also successfully designed and documented workflow processes with (Pihak Berkuasa Tempatan - PBT) play a significant role in the effective and efficient processing the completion of 10 ISC process manuals, 7 Industry Manuals and 7 Client Information and approval of various developments and licences within Iskandar Malaysia. As an example, the Booklets. The manuals are updated twice a year to ensure they are further streamlined following table details the main service levels agreed with the Local Authorities: and remain relevant.
PROCESS DAYS Planning Permission 30 Building & Infrastructure 30 License / Permit practiced timeline (non sensitive) 3 License / Permit practiced timeline (sensitive) 14 80 Achievements & Events Achievements & Events 81 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
Call centre provides an avenue for customer enquiries 7. STRENGTHEN INTERNAL The ISC Call Centre received over 1,000 enquiries in 2008. The number of enquiries related to CAPABILITIES AND CAPACITY investment in Iskandar Malaysia had increased to 27% in 2008 which is encouraging. Enquiries from vendors and contractors that are keen to participate in the development of Iskandar Malaysia also rose to almost 5% in 2008 from the previous year. IRDA’s new office in Danga Bay provides convenience for customers and stakeholders
IRDA had its start-up temporary office located on the eighth floor of the MSC Cyberport building. This provided suitable accommodation and readily available infrastructure for immediate operations, and The ISC Call Centre gave IRDA an instant foot print location in Iskandar Malaysia.
IRDA relocated its headquarters in October 2008 to the Danga Bay area, driven primarily by the need to create higher visibility for IRDA and Iskandar Malaysia, and to provide easy access for customers, stakeholders and the community. The office has since improved public access to IRDA and features a designated area for our customers, stakeholders and community to engage IRDA staff and access Iskandar Malaysia materials. Nature of enquiries The office has also been designed to encourage team work and seamless collaboration, with open plan work-stations, wireless LAN access, many meeting rooms and areas for 12.2% discussions, video conferencing facilities etc. 12.2%
27.2% 27.2% 27.2% Kuala Lumpur Satellite Office creates presence close to relevant Government ministries and investor HQs
33.4% 27.2% The Kuala Lumpur Satellite office in Plaza Sentral in the heart of KL Sentral, was established to provide convenience for interaction with relevant Federal Government ministries such as MIDA and Immigrations, and provide a proximity venue for investors arriving in Kuala Lumpur as well as those whom are located in Kuala Lumpur. The Kuala Lumpur office is well connected to the main operations in Johor Bahru to ensure high standards of customer engagement carried out in Kuala Lumpur with sufficient touch points to service the needs of investors and stakeholders. 33.4%
Company registration with IRDA
Investment related
Information related to Iskandar Malaysia
Others (site visit, presentation)
IRDA KL office 82 Achievements & Events Achievements & Events 83 IRDA’s Achievements by Strategy IRDA’s Achievements by Strategy
IRDA’s staff are engaged and focused with attributes of The Programme Management Office (PMO) established a productive organisation project delivery methods and discipline
By the year end IRDA’s head count was approximately 103 strong, with staff employed from various IRDA not only has an operational role but also has many implementation projects to industries and with relevant skills. Key to ensuring IRDA achieves results successfully requires a complete and deliver. The PMO provides the organisation with a capability to monitor and high performance organisation that is disciplined, motivated and has leadership traits within its drive projects to ensure timely delivery. In 2008, the PMO managed over 30 key projects fabric. The IRDA Business Plan for 2008 clearly articulated the organisations strategy, mission and ensuring project management discipline and standards were adopted and adherence to core values to ensure clarity in direction and required organisation culture. The core values of IRDA necessary project governance processes. were developed to institutionalise these attributes into the organisation’s day to day activities. To continuously improve staff capabilities IRDA commissioned an Employee Engagement Survey that indicated that IRDA’s staff commitment is slightly higher than the industrial norm and have IRDA ICT infrastructure increases efficiency and lowers support requirements traits of a productive organisation.
IRDA activities require a reliable, mobile and robust ICT infrastructure with utmost Managing and applying knowledge is instrumental for IRDA’s security. This requirement commences with a solid server and network system. In 2008, business success IRDA installed a much improved network capability to maximise resource efficiency and improve system reliability, whilst reducing cost for capacity enhancement and The Knowledge Management system for IRDA provides a platform for sharing vital information maintenance. The infrastructure deployed now supports the use of email, GIS (Geographic and knowledge of its staff to be captured, stored and shared using specific programs. The program Information System) application, internal applications such as Financial, Human Resource comprises of technological tools for document and information sharing in a secured environment. systems and knowledge database. Additionally, the LAN/WAN supports the IRDA internal voice network and video conferencing facilities between the Danga Bay and KL offices - all The outcome of this initiative is an increase in organization productivity due to time saving arising of which provides for savings in operational cost. from reduction in extracting information, better and consistent services to clients, informed decision making and enabling collaborative effort on projects. Plans are currently being formulated to allow interaction within and outside the organization and to create innovative service components as part of the customer relationship management process. 84 Achievements & Events Achievements & Events 85 Calendar of Key Events Calendar of Key Events
7 Jan 08 11 Apr 08 19-21 May 08 2 Jul 08 17 Oct 08 10 Dec 08 Roundtable Talk Introduction of 16th World Congress Briefing to 10-11 Aug 08 Iskandar Malaysia Backbencher’s DYAM Tunku Luncheon (ROTALK) Iskandar Malaysia Brand on IT (WCIT) 2008 2008 Bumiputra Raya Open House Mahkota Flagship E – Senai Real Estate in Johor Bahru Johor and DYTM Members of Convention and Tengku Mahkota The Authority Meeting Exhibition Pahang
3 Jan 08 1 Mar 08 2 Apr 08 6 May 08 12 June 08 Roundtable Talk Ministry of Sustainable Living & National Seminar Official Launching (ROTALK) Entrepeneur & Construction Industry on Town and of Asia Petroleum with Iskandar’s Co-Operative Week 2008 Regional Planning Hub Multi Purpose Developers (1) Development Conference Fabrication & Supply (MECD) Exhibition 9 Aug 08 6 - 9 Oct 08 20 Nov 08 Seminar on Cityscape Dubai 2nd Iskandar Malaysia Business Info Day Opportunities in Iskandar Malaysia
FEBUARY APRIL JUNE AUGUST OCTOBER DECEMBER
JANUARY MARCH MAY JULY SEPTEMBER NOVEMBER
6 Sep 08 Launching of 12 Apr 08 the Graduates 8 Jan 08 2008 12 Aug 08 Employability Roundtable Talk Career Carnival & 13 May 08 15 Jul 08 MIDA Enhancement (ROTALK) Human Resources MSC CYBERPORT & Visit by Tun Musa -Business (GREEN) and with Iskandar’s Ministry’s “Meet the TM – IRDA MoU Hitam to IRDA’s Opportunities CIDB Training Developers (2) Customer” Day Signing Ceromony Office in Malaysia Programmes
12 Feb 08 21-22 June 08 20 Oct 08 24-25 Nov 08 13 Dec 08 Iskandar Development My Career & Iskandar Malaysia Business Week Members of the Region Info Day Education Fair Raya Open House European Leadership Authority Meeting in KL Forum
29 Jul 08 Visit from Sarawak Chamber of Commerce
15-17 Apr 08 28 June 08 26-27 Aug 08 30 Oct - 1 Nov 08 2nd Cityscape ”Meeting of Minds: Visit by Prime Minister IJO 2008 Asia Conference Malaysia’s Master & Sultan of Brunei Brand” Conference 86 87 Financial Report
88 Statement of Corporate Governance
89 Internal Controls & Compliance
90 Annual Financial Review
92 Certificate of the Auditor General
93 Statement by the Members of IRDA
94 Statutory Declaration
95 Financial Statements 88 Financial Report Financial Report 89 Statement of Corporate Governance Internal Controls And Compliance
STATEMENT OF CORPORATE INTERNAL CONTROLS AND GOVERNANCE COMPLIANCE
The Statement of Corporate Governance sets out the framework and process through which the The internal control system of IRDA is designed to safeguard the organisation from fraud, Authority and the Management of Iskandar Regional Development Authority (IRDA) ensures the loss or failure in internal processes as well as protecting IRDA’s resources, both physical integrity and sound operational policies and procedures in accordance with prevailing laws, rules, and intangible. The system covers organisational, financial, operational and compliance regulations, best practices and ethical business conduct. These policies and procedures remain controls. The internal control system also defines the lines of responsibility and delegation under constant review as the corporate governance environment and good practice evolve. of authority, documents internal policies and procedural manuals, and formulates corporate action plans and the operational budget of IRDA. The Authority The Authority is the highest decision-making body in IRDA. There are in total eight Members of The key elements of the internal control system of IRDA are as follows: the Authority. The Authority is co-chaired by Tun Abdullah Haji Ahmad Badawi, the Prime Minister of Malaysia and Dato’ Haji Abdul Ghani Othman, the Chief Minister of Johor. Other Members of • Clearly defines division and delegation of responsibilities to the members of the the Authority are eminent members from the public and private sectors, whom are appointed by senior management including a robust organisation structure and the appropriate levels virtue of Section 8(1) of the Iskandar Regional Development Authority Act 2007. The Authority is of authority for expenditure approval limits. committed to ensure IRDA practices the highest standards of corporate governance, in keeping with the Malaysian Code of Corporate Governance. The Authority provides strategic directions, • Clearly documents internal policies and procedures that take into account the changing reviews and approves policies and decisions for the development and promotion of Iskandar environment, risks and enhancement to processes. Malaysia, ensures proper financial administration and human capital management and oversees the overall management of IRDA. • Establishment of committees to review and recommend on key areas such as evaluation of tenders, capital and operational expenditure, projects, human resource issues and Authority Meetings other pertinent matters. During the financial year under consideration ending 31 December, 2008, two Authority Meetings were convened. The agenda and a full set of papers for deliberation were distributed in a timely • Periodical reporting by the Management to the Authority and/or the Audit Committee manner before each Meeting. This ensured that the Members had sufficient notice and thus, were on financial and performance indicators as well as key risk issues. well prepared for each Meeting. All issues were deliberated and the decisions made were minuted accordingly. • A detailed budgeting process that incorporates the input of all operational functions of IRDA for the preparation of the annual budget that is approved by the Authority, as Accounting And Audit well as the Economic Planning Unit of the Prime Minister’s Department and the Financial Reporting Treasury, Ministry of Finance, Malaysia. The Authority is committed to ensure that it provides a clear, comprehensive, true and fair view of IRDA’s financial management and performance at the financial year-end, primarily through the • External audits conducted on the financial statements of the Authority are under the financial statement in the Annual Report. The financial statement was prepared by an independent statutory purview of the National Audit Department (Jabatan Audit Negara). external auditor appointed by the National Audit Department (Jabatan Audit Negara). In April 2008, the Authority resolved to establish an Audit Committee to assist the Authority in overseeing To enhance the standard of Governance within the Authority, IRDA has formed an internal and ensuring that the financial management of IRDA provides a fair assessment of IRDA’s financial audit department that will report independently to the Audit Committee and appraise position and that the financial reporting processes are in accordance with approved accounting the system of controls and risk management of the Authority. IRDA is also embarking standards and as stipulated by relevant Government circulars. on the formulation of a Risk Management Framework culminating into a Business Continuity Plan (BCP) and Disaster Recovery Plan (DRP) to improve the Authority’s risk mitigation initiatives. The internal controls of IRDA have been adequate to the extent that no material events had occurred that would significantly impact IRDA’s operational and financial standing in any adverse manner in the year under review. 90 Financial Report Financial Report 91 Annual Financial Review Annual Financial Review
ANNUAL FINANCIAL REVIEW
For the year ended 31 December 2008, IRDA expended an amount of RM51.9 million, primarily on Breakdown of Operating Expenses for the period ended staff cost and promotional expenses. The key financial highlights for the year ended 31 December 2008 are as follows:- 31 December 2008
5.0% i) IRDA relied solely on administrative grants from the Treasury, Ministry of Finance, Malaysia 2.0% 4.0% to fund all of its financial requirements. For the year ended 31 December 2008, RM67.0 million was allocated by the Federal Government for IRDA to finance its operations.
ii) For the year under review, setting the grant income of RM67.0 million against total expenditure of RM51.9 million, a surplus amounted to RM15.4 million inclusive of other 24.0% income of RM0.3 million was achieved. 65.0% iii) The main operating costs for 2008 were RM21.9 million and RM13.8 million for promotional and personnel expenditures, respectively. The relatively high promotional expenses reflect the necessity for IRDA to position and promote the region actively both domestically and internationally. During the year, the personnel expenditure has increased due to the increase from 70 personnel in 2007 to 103 personnel in 2008. The significantly higher ratio between the amount spent on personnel expenditures as compared to the number of new personnel hired were due to the fact that IRDA strives to recruit talents of the Staff Cost & Benefits right skills, experience, dynamic and high calibre individuals sourced domestically from private and public organisations as well as overseas. Advertising & Promotions
iv) During the year, capital expenditure on motor vehicles, computers and office equipment of Professional Consulting Fees RM0.2 million, RM1.6 million and RM2.5 million, respectively, were incurred. These expenses were necessary due to IRDA’s operational expansion in its endeavours to achieve Authority Members Allowances & Expenses Iskandar Malaysia’s vision. Miscellaneous v) other payables and accrued expenses at 31 December 2008 of RM7.8 million were mainly contractual obligations that have been duly settled after the year end.
vi) At 31 December 2008, IRDA had operational cash balances of RM20.1 million which were For financial year 2009, IRDA anticipates to continue with its efforts to promote Iskandar mainly reserved for future operational expenditures. The development expenditure cash Malaysia and improving the capacity and capabilities of its operations. Emphasis would also balance is at RM187.0 million essentially held in reserve for payment of land acquisition be given towards completion of all planning blueprints and delivery of Ninth Malaysian and contract cost under Ninth Malaysian Plan (9MP). The cash balance for Social Project Fund Plan (9MP) projects in Iskandar Malaysia. Therefore, the 2009 financial expenditure trends at year end is at RM50.7 million. are expected to remain largely unchanged as that of the previous year’s.
vii) IRDA has a balance of Development Fund of RM186.9 million arising from grant received of RM301.5 million, interest income generated of RM2.6 million and expenditure of RM117.2 million.
viii) The Social Project Fund balance is at RM50.8 million arising from contribution received of RM50.0 million and interest income generated of RM0.8 million.
ix) The Authority did not have any outstanding capital commitments as at 31 December 2008. 92 Financial Report Financial Report 93 Certificate of the Auditor General Statement by the Members of IRDA 94 Financial Report Financial Report 95 Statutory Declaration Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
BALANCE SHEET AS AT 31 DECEMBER 2008
Note 2008 2007 RM RM
Property, plant and equipment 3 4,126,593 1,421,316
CURRENT ASSETS
Other receivables, deposits and prepayments 4 432,803 6,289,266
Cash and cash equivalents 5 257,830,831 1,140,697
258,263,634 7,429,963
Current Liabilities
Other payables and accruals 6 7,812,704 7,360,743
7,812,704 7,360,743
Net Current Assets 250,450,930 69,220
254,577,523 1,490,536
Represented by:
Operating Fund 16,901,567 1,490,536
Special Development Fund 7 186,904,904 -
Social Projects Fund 8 50,771,052 -
254,577,523 1,490,536
The accompanying notes form an integral part of the financial statements. 96 Financial Report Financial Report 97 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
INCOME STATEMENT CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008
Note 2008 2007 Note 2008 2007 (12 months) (11 months) (12 months) (11 months) RM RM RM RM CASH FLOW FROM OPERATING ACTIVITIES Government grants 9 67,000,000 26,000,000 Surplus for the financial year / period 15,411,031 1,490,536 Other income 10 312,768 1,400 Adjustment for: 67,312,768 26,001,400 Depreciation of property, plant and equipment 3 1,602,600 521,163
Operating expenses 11 (51,901,737) (24,510,864) Surplus before working capital changes: 17,013,631 2,011,699
Surplus for the financial 15,411,031 1,490,536 Increase /(Decrease) in: year / period Government grant receivable 6,000,000 (6,000,000)
Special development fund 186,904,904 -
STATEMENT OF CHANGES IN EQUITY Social projects fund 50,771,052 - FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 Other receivables, deposits and prepayments (143,537) (289,266)
Special Social Other payables and accruals 451,961 7,360,743 Operating Development Projects Fund Fund Fund Total Net cash from operating activities 260,998,011 3,083,176 RM RM RM RM
At 12 February 2007 - - - - CASH FLOW USED IN INVESTING ACTIVITIES
Surplus for the Purchase of property, plant and equipment 3 (4,307,877) (1,942,479) financial period 1,490,536 - - 1,490,536 At 31 December 2007 1,490,536 - - 1,490,536 Net cash used in investing activities (4,307,877) (1,942,479)
Development grant NET INCREASE IN CASH AND CASH EQUIVALENTS 256,690,134 1,140,697 received from Government - 301,500,000 - 301,500,000 CASH AND CASH EQUIVALENTS AT BEGINNING Special Projects OF FINANCIAL YEAR/PERIOD 1,140,697 - Fund received - - 50,000,000 50,000,000 CASH AND CASH EQUIVALENTS AT END OF Utilisation of FINANCIAL YEAR/PERIOD 5 257,830,831 1,140,697 development grant - (117,162,895) - (117,162,895) Interest income - 2,567,799 771,052 3,338,851 Surplus for the financial year 15,411 ,031 - - 15,411,031 At 31 December 2008 16,901,567 186,904,904 50,771,052 254,577,523
The accompanying notes form an integral part of the financial statements. The accompanying notes form an integral part of the financial statements. 98 Financial Report Financial Report 99 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2008 2. SUMMARY OF SIGNIFICANT ACCOUNTING 1. GENERAL INFORMATION POLICIES (continued) ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (“IRDA”) was established on 12th February 2007. The main activity of IRDA is to act as the authority empowered to plan, promote, process, c. Property, Plant and Equipment stimulate, facilitate and undertake the development of Iskandar Malaysia. Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The total number of employees of IRDA at year end was 103 (2007: 70). Depreciation The principal place of operation of IRDA is located at #G-Ol, Block 8, Danga Bay, Jalan Skudai, 80200 Johor Bahru, Malaysia. Property, plant and equipment purchased at cost of RM500 and below are expensed as incurred. The straight line method is used to write off the cost of the property, plant and equipment over the term of their estimated useful lives at the following principal annual rates: 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies are adopted by IRDA and are consistent with applicable approved Motor vehicles 25% accounting standards for private entities issued by the Malaysian Accounting Standards Board (“MASB”). Computers 33 1/3%
a. Basis of Accounting Furniture and fittings, office equipment and renovation 20% The financial statements ofIRDA are prepared on the historical cost basis except as disclosed in the notes to the financial statements and in compliance with the provisions of the Iskandar Regional d. Other Receivables Development Authority Act, 2007 and applicable approved accounting standards for private Other receivables are carried at anticipated realisable values. Bad debts are written off entities in Malaysia. in the financial year in which they are identified. An estimate is made for doubtful debts based on a review of all outstanding amounts at the financial year end. b. Income Recognition Government Grants e. Taxation and Deferred Taxation Operating and development grants are recognized in the income statement when the rights to Current tax is the expected amount of income taxes payable in respect of dividend income receive the grants are approved and the grants will be received during the financial year. pursuant to the tax exemption obtained from the Ministry of Finance as mentioned in note 13. It is measured using the tax rate that have been enacted by the Inland Revenue Development grants are recognized in the income statement over the financial period necessary to Board at the balance sheet date. match them with the costs they are intended to compensate. The grants that do not match with the costs are presented in the balance sheet as deferred grants. No deferred taxation is recognised for the financial year due to the tax exemption.
Deferred grants are amortised in the income statement over the life of the assets by an amount f. Other Payables equal to the depreciation charge. Other payables are stated at the amounts which the Authority is contracted or obligated to settle plus any incidental legal expenses. 100 Financial Report Financial Report 101 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) g. Provision for Liabilities Provision for liabilities is recognised when the Authority has a present legal and contractual j. Special Development Fund obligation as a result of past event, when it is probable that an outflow of resources embodying Special Development Fund is managed on behalf of and funded by the Federal Government economic benefits will be required to settle the obligation, and when a reliable estimate can be under Ninth Malaysian Plan (RMKe-9) for infrastructure development project. made of the amount of the obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. Where the effect of the time value of money is All receipts are credited and all payments are debited to the account. Unutilised amounts material, the amount of a provision is the present value of the expenditure expected to be required at the balance sheet date are shown as balance of the above fund. to settle the obligation. k. Social Projects Fund h. Cash and Cash Equivalents Social Projects Fund managed by the Authority is funded by third parties and utilised for Cash and cash equivalents consist of cash and bank balances which are readily convertible to known certain purposes in accordance with the provisions of Section 37 of Iskandar Regional amount of cash and which are subjected to and insignificant risk of change in value. Development Authority Act, 2007.
i. Impairment of Assets All receipts are credited and all payments are debited to the account. Unutilised amounts At each balance sheet date, the Authority reviews the carrying amounts of its assets to determine at the balance sheet date are shown as balance of the above fund. whether there is any indication of impairment. If any such indication exists, the impairment is measured by comparing the recoverable amount with the carrying amount of an asset and when l. Foreign Currency the latter amount is higher, the asset is written down to the recoverable amount. The recoverable Transactions in foreign currencies are recorded in Malaysia Ringgit at rates of exchange amount of an asset is the higher of its net selling price and its value in use, which is measured by ruling at the time of the transactions. reference to discounted future cash flows. Assets and liabilities in foreign currencies are translated into Ringgit Malaysia at the An impairment loss is charged to the income statement immediately, unless the asset is carried at approximate rates of exchange ruling at the balance sheet date. Assets and liabilities not revalued amount. Any impairment loss of a revalued asset is treated as a revaluation decrease to in foreign currencies are determined on fair value which translated into Ringgit Malaysia at the extent of previously recognised revaluation surplus for the same asset. Should the impairment the approximate rates of exchange ruling at the balance sheet date. Exchange differences loss of an asset exceeds its revaluation surplus, the surplus impairment loss is charges to the arising from foreign currency are recognised in the income statement. income statement. The principal closing rates used in translation of foreign currency amounts at the balance Subsequent increase in the recoverable amount of an asset if carried at cost, is treated as a reversal sheet dates are as follow: of the accumulated impairment loss previously recognised in the income statement but the reversal is limited to the accumulated impairment loss previously recognised, and if carried at revalued 2008 2007 amount, is credited directly to revaluation surplus. RM RM
1 Dollar Singapore (SGD) 2.41 2.29 1 Euro (EUR) 4.88 4.93 102 Financial Report Financial Report 103 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
3. PROPERTY, PLANT AND EQUIPMENT 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)
Furniture & m. Employee Benefits Fittings, Office Short Term Benefits Motor Equipment & Wages, salaries, bonuses and social security contributions are recognized as an expense in the Verhicles Computer Renovation Total year in which the associated sevices are rendered by employees of IRDA. Short term accumulating RM RM RM RM compensated absences such as paid annual leave are recognized when services are rendered by employees that increase their entitlement to future compensated absences. Short term non- Operating Fund: accumulating compensated absences such as sick leave are recognized when the absences occur. Cost Defined Contribution Plan At 1 January 2008 659,190 747,830 535,459 1,942,479 IRDA is required by law to make monthly contributions to Employees Provident Fund (“EPF”), a statutory defined contribution plan for all its eligible employees based on certain prescribed rates Additions 228,082 1,563,464 2,516,331 4,307,877 of the employees’ salaries. IRDA contributions to EPF are disclosed separately. The employee’s Disposal - - - - contribution to EPF are included in salaries and wages. At 31 December 2008 887,272 2,311,294 3,051,790 6,250,356 n. Cash Flow Statement IRDA adopts the indirect method in the preparation of the cash flow statement. Cash equivalents Accumulated Depreciation comprise short-term, highly liquid investments with maturities of less than three months from the date of acquisition and that are readily convertible to known amount of cash and which are subject At 1 January 2008 164,797 249,274 107,092 521,163 to an insignificant risk of changes in value. Additions 221,819 770,423 610,358 1,602,600
Disposal - - - -
At 31 December 2008 386,616 1,019,697 717,450 2,123,763
Net Book Value
At 31 December 2008 500,656 1,291,597 2,334,340 4,126,593
At 31 December 2007 494,393 498,556 428,367 1,421,316
Depreciation charge for 2007 164,797 249,274 107,092 521,163
104 Financial Report Financial Report 105 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
4. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS 6. OTHER PAYABLES AND ACCRUALS
2008 2007 2008 2007 RM RM RM RM
Operating Fund: Operating Fund: Government grant receivable - 6,000,000 Other payables 7,626,799 7,243,143
Deposits 144,747 160,135 Accruals 122,585 117,600
Prepayments 3,724 87,176 7,749,384 7,360,743
Other receivables 258,260 41,955 Special Development Fund: Other payables 63,320 - 406,731 6,289,266 63,320 - Social Projects Fund: Total 7,812,704 7,360,743 Interest receivables 26,072 -
26,072 - Other payables comprise amounts outstanding for ongoing costs. The amounts owing are interest-free and have no fixed terms of repayment. Total 432,803 6,289,266
7. SPECIAL DEVELOPMENT FUND 5. CASH AND CASH EQUIVALENTS
2008 2007 2008 2007 RM RM RM RM As at 1 January / 12 February - - Operating Fund: Cash in hand 9,050 9,000 Development grant received from Government 301,500,000 - Bank balances 20,108,576 1,131,697 301,500,000 - 20,117,626 1,140,697 Interest income 2,567,799 - Special Development Fund: 304,067,799 - Bank balances 186,968,225 - Less: Utilisation of development grant 117,162,895 - 186,968,225 - As at 31 December 186,904,904 - Social Projects Fund:
Deposits with licensed bank 50,744,980 -
50,744,980 -
Total 257,830,831 1,140,697 106 Financial Report Financial Report 107 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
8. SOCIAL PROJECTS FUND 11. OPERATING EXPENSES
2008 2007 2008 2007 RM RM (12 months) (11 months) RM RM As at 1 January / 12 February - - Operating Fund: Social Project Fund received 50,000,000 - The details of operating expenses are as follows: 50,000,000 - Professional fees 7,157,125 1,217,942 Interest income 771,052 - Auditors’ remuneration 13,000 13,000 As at 31 December 50,771,052 - Board members’ allowances 264,000 230,000
Allowances - AIC Members & Advisory Council 273,581 129,000 9. GOVERNMENT GRANTS Allowances - IRDA Exco 4,500 -
2008 2007 Rental expenses 1,391,095 582,989 (12 months) (11 months) RM RM Depreciation of property, plant & equipment 1,602,600 521,163 Operating Fund: Donation 5,000 - Government grants received 67,000,000 20,000,000 Staff costs Government grants receivable - 6,000,000 - Salaries and allowances 11,207,097 3,684,877 67,000,000 26,000,000 - EPF 1,768,982 609,898
-SOCSO 37,590 6,280
- Overtime 85,203 26,534 10. OTHER INCOME - Ex-Gratia 718,522 -
2008 2007 - Staff welfare 200 - (12 months) (11 months) RM RM - Staff recruitment 136,360 448,767
Operating Fund: Tender fees 127,500 1,400
Interest income 185,268 -
312,768 1,400 108 Financial Report Financial Report 109 Financial Statements Financial Statements
ISKANDAR REGIONAL DEVELOPMENT AUTHORITY ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007) (Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)
11. OPERATING EXPENSES (continued) 12. STAFF COSTS
2008 2007 2008 2007 (12 months) (11 months) (12 months) (11 months) RM RM RM RM Operating Fund: Operating Fund: Staff costs 13,953,954 4,734,255 Marketing and promotions 21,902,008 15,589,502
Entertainment 69,020 9,232
Training and seminar 136,657 108,997 Included in staff costs are IRDA’s contributions to Employee Provident Fund of RM1,768,982 (2007: RM609,898). Utilities charges 542,409 105,239
Website expenses 124,320 47,000 13. INCOME TAX Upkeep of office equipment, premises and motor vehicles 219,927 46,586 IRDA has obtained tax exemption under Section 127(A) of the Income Tax Act, 1967. All income except for dividend income are exempted from tax beginning from year assessments 2007 until 2016. Printing and stationeries 446,241 92,569
Meeting expenses 89,986 184,145 14. OPERATIONAL COMMITMENT Medical charges 5,484 3,205
Loss on foreign exchange 71 2,303 2008 2007 RM RM Insurance 453,356 79,410 Approved and contracted: Bank charges 13,719 4,734 Marketing and promotions 2,855,239 23,075,950
Advertisement 763,889 42,892 Branding - 1,500,000
General expenses 206,970 27,795 Business plan and corporate strategy - 417,000
Quit rent 406 - Consultancy and blueprint studies 10,459,599 -
Security charges 39,690 - 13,314,838 24,992,950 Taxation fees 3,775 -
License and registration fees 8,700 17,400
Membership and professional subscriptions 4,229 2,944 15. COMPARATIVE FIGURES
Postage and courier 79,220 20,142 Certain comparative figures have been re-classified so as to conform with the current year’s presentation.
Accommodation and travelling 2,126,805 656,319
51,901,737 24,510,864 Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development110 Authority • Iskandar Regional Development Authority • Iskandar Regional Development 111 Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority The Possibilities Are Endless • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar As a nerve centre of commerce, careers and comforts, Iskandar Malaysia attracts the Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional best individuals from across the continents. Building upon the readily available pool Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development of educated and skilled workforce, Iskandar Malaysia is poised towards sustaining Tomorrow the industries of today and tomorrow. Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Growth Across The World Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Wide interests and accelerated growth in Iskandar Malaysia is a sure sign of global success – where its Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development ideals would represent Asia and grow across the Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority world offering the best in business and living. • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development A Landmark Of Tomorrow
Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority The dynamic region of Iskandar Malaysia is quickly • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar taking shape and has begun its destiny of becoming Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional a global icon of social and economic livelihood that redefines the skyline of tomorrow. Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Tomorrow