Vol 3 2012: December PP 8307/12/2012(032066)

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Prime Minister YAB Dato Sri Mohd Najib and ASLI CEO Tan Sri Michael Yeoh at the launching of the FBN ASLI Director Puan Sri Susan Cheah presenting memento to President of the Czech Republic HE Vaclav UK in the House of Lords, London. Klaus whilst Tan Sri Ramon Navaratnam looks on.

The Crown Prince of Perak HRH Raja Dr. Nazrin Shah with The Chairman of the World Muslim Leadership WCEF Patron Tan Sri Lee Kim Yew presenting a memento to the Governor of Victoria, Australia H.E. Alex Forum Dato Seri Mohd Iqbal and Joint Secretaries General Dr. Husna Ahmad and Tan Sri Michael Yeoh. Chernov at the World Chinese Economic Forum in Melbourne whilst the Deputy Prime Minister Tan Sri , WCEF Chairman Tan Sri Michael Yeoh and WCEF Adviser Dato Seri Dr. Chua Soi Lek look on.

The Deputy Prime Minister and Finance Minister of Turkey Dr. Ali ASLI Chairman Tan Sri Jeffrey Cheah making a point to MCA Tan Sri Jeffrey Cheah Chairman of ASLI presenting a memento to Babacan with ASLI President Mirzan Mahathir. President Dato Seri Dr. Chua Soi Lek. YAB Lim Guan Eng, Chief Minister of Penang.

...more inside 4TH WORLD CHINESE ECONOMIC FORUM 4TH WORLD CHINESE ECONOMIC FORUM

SP Setia CEO Tan Sri Liew Kee Sin receiving the WCEF Lifetime Achievement Award from the Deputy WCEF Patron Tan Sri Lee Kim Yew stressing a point to Deputy Prime Minister Tan Sri Muhyiddin Yassin, Chairman of the Shui On Group Hong Kong Mr. Vincent Lo receiving his Lifetime Achievement Award Penang Chief Minister Lim Guan Eng, Datuk Eddy and Mr. Chen Xin Deputy Secretary General China Prime Minister and Governor of Victoria. Governor of Victoria HE Alex Chernov and Premier Ted Baillieu. from the Governor of Victoria. Mayors Association.

The Deputy Prime Minister Tan Sri Muhyiddin Yassin (right) with First Vice Chairman China Council for Chairman Global Movement of Moderates Foundation Tan Sri Razali Ismail receiving a memento from Mr. Rajiv Biswas, Ambassador Zou Mingrong, Tan Sri Ramon Navaratnam and Mr. Cylde Prestowitz Dr. Guo Wanda Vice President China Development Institute, Tan Sri Razali Ismail, Dr. Jonathan Choi, Dr. Promotion of International Trade Zhang Wei and ASLI Senior Vice President Max Say. the Deputy Prime Minister. President Economic Strategy Institute, USA. Ken Henry, Mr. Terry Moran and Prof Edward Byrne.

The 4th World Chinese Economic Forum was successfully held in Among the 55 distinguished speakers who spoke included The Governor, Premier and Trade Minister of Australia highlighted appropriate that Melbourne was chosen to be the 1st City outside Melbourne, Australia in November 2012. Over 400 participants from Australia’s Trade and Competitiveness Minister Dr. Craig Emerson, the importance of the Asian Century and its economic and to host the Forum. Without doubt the WCEF is the premier 20 countries attended this two-day Forum. Special Adviser to the Prime Minister of Australia Ken Henry, culture significance on the world. The Deputy Prime Minister Tan international event of its kind in Melbourne. The Forum’s Patron Monash University Vice Chancellor Prof Edward Byrne, Executive Sri Muhyiddin Yassin also spoke about the potential from unity Tan Sri Lee Kim Yew and Adviser Dato Seri Dr Chua Soi Lek also participated in the Forum. The Governor of Victoria H.E. Alex Chernov and WCEF Chairman Vice Chairman China National Committee for Pacific Economic and highlighted the growing partnership between China, Asean and Australia. The interesting topics that were discussed at the Tan Sri Michael Yeoh who is ASLI CEO gave Welcoming Speeches Cooperation Ambassador Zou Mingrong, Deputy Secretary General Forum included Partnerships with the Rising Dragon, Global The Prime Minister of Malaysia Dato Sri Mohd Najib in his Special at the Forum Opening. The Premier of Victoria The Hon Ted Baillieu China Mayors Association Chen Xin, Former Philippines Foreign Entrepreneurship and Competitiveness, Connecting Diasporas, Message to the Forum extended a warm welcome to delegates to delivered the Opening Speech with Deputy Prime Minister Tan Minister Delia Albert, Chairman Sunwah Group and Honorary Building Linkages, Global Corporate Citizenship, Business attend the 5th WCEF in Malaysia in November 2013. The Forum also Sri Muhyiddin Yassin delivering the Keynote Address. The Former President Hong Kong Chinese General Chamber of Commerce Dr. Collaboration, Education Partnership and the Digital Economy and saw the presentation of Lifetime Achievement Awards on several Governor General of Australia and Chairman of Global Foundation Jonathan Choi, Singapore Member of Parliament Penny Low, Thai many more. prominent personalities who include Mr. Vincent Lo Chairman of Mr. Michael Jeffreys and the First Vice Chairman of the China Member of Parliament Prof Kriengsak Charoenwongsak, Special Shui On Group Hongkong, World renown Shoe Maker Prof Jimmy Council for Promotion of International Trade H.E. Zhang Wei also Adviser to Swiss Asia Chamber of Commerce Mr. Low Tuck Seng The WCEF has served as a useful platform for sharing of ideas and Choo, Former MCA President Tan Koon Swan, Founder and Vice delivered speeches at the Opening. and Chairman Chinese Information and Advice Centre London Mr. information and for new business linkages to be forged. Several key Chairman of Hour Glass Dr. Jannie Chan and several others. Edmond Yeo. delegations went to Melbourne to participate in the Forum. It was

Australia’s Minister of Trade and Competitiveness Dr. Craig Emerson The Lord Mayor of Melbourne and the former Governor General of Dato Jebasingham Issace John, Prof Tony Milner, Ambassador The Education Panel. Tan Sri Khoo Kay Peng Chairman WCEF Global Business Advisory Mr. Alex Thursby CEO ANZ Bank Asia Pacific, Tan Sri Michael Yeoh speaking at the Forum. Australia. Delia Albert and Mr. Ian Buchanan. Council and MUI Group with Deputy Prime Minister Tan Sri and Ms Grace Lim of The Asian Executive. Muhyiddin Yassin.

2 3 PRIME MINISTER LAUNCHES FBN UK ASLI HOSTS PRESIDENT OF CZECH REPUBLIC

The Prime Minister sitting on the chair presented to him by The Prime Minister receiving a memento from FBN UK Vice Dato Justin Leong Managing Director, Genting International and Manchester United Manager Sir Alex Ferguson whilst FBN UK President Mr. P. K. Chou. AirAsia CEO Tan Sri Tony Fernandes at the Launching lunch. Tan Sri Ramon Navaratnam moderating a Question and Answar Session with the President of the Czech The Czech President with Malaysian VIPs before the lunch. President and ASLI CEO Tan Sri Michael Yeoh looks on. Republic Vaclav Klaus.

The Prime Minister with Tan Sri Michael Yeoh and Committee Members of FBN UK. Dato Sri Nazir Razak, Tan Sri Tony Fernandes, Lord Charles Powell and Dato Tiffanie Lim.

The Czech President arriving at the Forum accompanied by Minister of International Trade and Industry Malaysian and Czech Ministers at the Forum with the President. Datuk Seri and ASLI Senior Vice President Max Say.

ASLI hosted a Luncheon for the Visiting President of the Czech harmonization and standardization and countries should start Republic H.E. Vaclav Klaus. Several Ambassadors, Academic and decentralizing, deregulating and desubsidizing our society and Think Tank Leaders joined prominent businessmen at the Luncheon economy. He also felt that Europe should make it possible for in honour of the Czech Republic President. countries which are victims of the European Monetary Union to leave it and to return to their own monetary arrangements. The President H.E. Vaclav Klaus shared his thoughts on Europe and the European crisis. In his speech, he argued that the Eurozone A robust debate followed the President’s remarks. Many participants Tan Sri Tony Fernandes, Bill Cash MP, Ms. Arumugam and Tan Sri Chairman of Cardiff Football Club Dato Chua and Datin Chua at the lunch. Dato Neville Green and Mr. David Wong. A. P. Arumugam. debt crisis is only the tip of a much bigger iceberg. The long lasting were impressed with the President’s candour. A Malaysia-Czech The Prime Minister officially launched the Friends of BN, United Kingdom (FBN- Lingham and Mr. Chou Peng Kiong. The Launching Ceremony was attended problems in Europe have been widely underestimated. The President Business Forum was also held where Ministers from Malaysia and the UK) at the House of Lords in London. ASLI assisted with the Official Launching by British Cabinet Minister Baroness Warsi and Foreign Office Minister Lord shared his diagnosis of the European debt crisis and what he called Czech Republic spoke about business and investment opportunities Ceremony. Howell, several members of the British House of Lords and CEO’s of British and “a democratic deficit or lack of democratic accountability with large- and prospects for business collaboration. Malaysian companies. One of the objectives of the FBN UK is to promote closer scale centralization, bureaucratic regulation, standardization and ASLI CEO Tan Sri Michael Yeoh is the President of the Friends of BN UK. relations between Malaysia and UK. harmonization of the whole continent”. He also spoke about what The Vice Presidents include Tan Sri Lim Kok Wing, Dato’ Radzi Latif, Mr. S.K. he argued was the inefficiency of the European economic and social system. ASLI CEO JOINS MYCC DELEGATION TO AUSTRALIA COMPETITION COMMISSION The President suggested the way out of the current European crisis needs a fundamental systemic change. He also argued that Europe ASLI CEO Tan Sri Michael Yeoh who is should accept that the economic adjustment processes take time and member of the Malaysia Competition that the impatient politicians and governments make things worse. Commission joined a delegation from the He also suggested that Europe should start making comprehensive MYCC to visit the Australia Competition and Consumer Commission in Canberra, reductions of government expeditions and get rid of centralization, ACT, Australia to learn about the ACCC Tan Sri Dr. Munir Majid and Puan Sri Susan Cheah greeting President Vaclav Klaus. programmes and strategies.

Mr. Aidil Turpari, Tan Sri Michael Yeoh, Dato Saripuddin Kassim, ASLI CEO Tan Sri Dr. Michael Yeoh with the Prime Minister of Tan Sri Siti Norma, Mr. Malek and Ms. Shila Dorai at the office of Australia The Rt. Hon Julia Gillard at the Australia Summit in the Australian Competition and Consumer Commission in Canberra. Melbourne. CEO ATTENDS WORLD POLICY CONFERENCE, ASEAN INDIA THINK TANK SUMMIT AND AUSTRALIA SUMMIT

ASLI CEO Tan Sri Michael Yeoh was invited to attend the World Policy Conference In August Tan Sri Yeoh attended the Asean India Think Tank Summit in New Delhi in Cannes, France in Dec 2012. He was the only Malaysian Delegate at this and spoke on Asean India Connectivity. Conference which heard messages from the President of France, The Sovereign ASLI CEO Tan Sri Michael Yeoh, Dato Wan Junaidi Deputy Speaker Tan Sri Michael Yeoh, President Klaus, Environment and Natural The wife of the President with Mr. Max Say, Datuk Seri Mustapa of Monaco Prince Albert and a Special Address by the Prime Minister of Italy Mario In June he was in Melbourne to attend and speak at the Australia Summit organised of Parliament, the President of the Senate Tan Sri Abu Zahar, Tan Sri Resource Minister Dato . Mohamed and Tan Sri Michael Yeoh. Ramon Navaratnam and Mr. Max Say. Monti.The World Policy Conference focussed on Global Governance. by the Global Foundation and met the Prime Minister of Australia Julia Gillard.

4 5 ROYAL PATRON ASIA PACIFIC BUSINESS FORUM FOR WORLD MUSLIM LEADERSHIP FORUM

From left: Secretary-General of the Ministry of International Trade and Industry (MITI) Datuk Dr. Rebecca Secretary-General of the Ministry of International Trade and Industry (MITI) Datuk Dr. Rebecca Fatima Sta Fatima Sta Maria, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP Dr. Maria having a chat with Under-Secretary-General of the United Nations and Executive Secretary of ESCAP Noeleen Heyzer, Deputy Secretary-General, OECD Ambassador Richard A. Boucher and Chairperson of the Dr. Noeleen Heyzer and Chairperson of the ESCAP Business Advisory Council (EBAC) Datuk Seri Mohamed ESCAP Business Advisory Council (EBAC) Datuk Seri Mohamed Iqbal Rawther. Iqbal Rawther. The Crown Prince of Perak HRH Raja Dr. Nazrin Shah with WMCF Secretary General Dr. Husna Ahmad. Dato Seri Mohd Iqbal Chairman WMCF moderating a session. At extreme right is Lord Sheikh, Chairman Conservative Muslim Forum and on his left is Dato Vijay Eswaran, Chairman QI Groups.

Datuk Dr. Rebecca Fatima Sta Maria, Secretary-General of the Ministry of Distinguished panel of “Skills Development for Productive Mr. Chote Sophonpanich, Executive Chairman of the Greenspot International Trade and Industry (MITI), Mr. Chote Sophonpanich, Executive Business”: Ms. Rokia Afzal Rahman, Vice President of the (Thailand) Ltd makes the conclusion of his moderated session at Chairman of the Greenspot (Thailand) Ltd, Mr. Ian Buchanan, Senior International Chamber of Commerce (ICC) Bangladesh, Professor the session on “Outcomes and Recommendations by Sessions/ Executive Advisor of the Booz & Company (Australia) Ltd, Ambassador Muhamad Noor Yacob, Executive Director of the APEC Singapore, Mr. Graeme Wilkinson, Vice Chancellor of the Sunway University and Conferences/Side-Events Moderators” with Mr. Peter Charlton, Ramesh Subramaniam, Senior Director of the Office of Regional Economic Mr. Phairush Burapachaisri, Deputy Chairman of the Thai Chamber Chairman of the First Charlton Communications and Datuk Seri Integration, Asian Development Bank and Ms. Kobkarn Wattanavrangkul, of Commerce. Mohamed Iqbal Rawther, Chairperson of the ESCAP Business Chairperson of the Toshiba Thailand Co. Ltd at the Roundtable Discussion Advisory Council. session on “United Asia-Pacific: What it means for businesses?” The Forum’s Blacktie dinner. The closing session at the Forum. The Asia-Pacific Business Forum held its ninth session in , topics of APBF 2012 included: economic integration and its impact on business; Malaysia on 15 and 16 October 2012. The Forum was co-organized by ESCAP, enhancing business competition through trade and investment liberalization; the Asian Strategy and Leadership Institute (ASLI), the Organization for Economic challenges and opportunities arising from the ASEAN Economic Community 2015; The Crown Prince of Perak HRH Raja Dr. Nazrin Shah has kindly The topics discussed at the Forum included the Leadership Role of Cooperation (OECD) and the United Nations Development Programme (UNDP). responsible and sustainable business; non-traditional opportunities for business consented to be Royal Patron of The World Muslim Leadership Forum Muslims in the UK, Leadership Role of Youth in Islam, Accountable The Ministry of International Trade and Industry (MITI) and the Ministry of Science, and investment; trade facilitation measures for enhancing competitiveness and Technology and Innovation (MOSTI) of the Government of Malaysia were strategic skills development for productive business. The Forum also officially launched the International Advisory Panel. The 2nd World Muslim Leadership Government through Youth Empowerment, The New Hope: The Next partners. The Malaysian Agricultural Research and Development Institute (MARDI), ESCAP Policy Guidebook for Small and Medium Enterprise Development in Asia Forum was held in London to discuss issues concerning leadership Generation, Youth Leadership in the Middle East, Empowering Youth, the SIRIM Berhad, the SME Corp, the Greater Mekong Subregion Business Forum and the Pacific. (GMS-BF), the Mekong Institute (MI), the ASEAN CSR Network and the SS-GATE of the Muslim World and Muslim societies in European countries. The Sustainable Development and Youth Activism. Among the speakers also provided support to the Forum. APBF 2012 also included the second OCEO/ESCAP regional conference on Forum concluded with a session in the House of Commons, British were Mr. Khalek Awang, CEO Global Movement of Moderates International Corporate Responsibility (CR) Instruments. Three sessions were At the Official Opening Ceremony, Dr. Ravi Ratnayake, Director, Trade and held over one and a half days covering the following topics: the new landscape of Parliament where a roundtable discussion was held with the All Party Foundation; Mr. Mohamad Hikman, Bay & AI Hikma, Iraq; Mr. Hayu Investment Division, ESCAP delivered the welcoming remarks; Datuk Seri international CR instruments; tools for integrating international CR instruments in Parliamentary Group on Faith in the British Parliament chaired by the Prabono, Ulama Council, Indonesia; Mr. Ali Gumusan, Chairman, Mohamed Iqbal Rawther, Chairperson of the ESCAP Business Advisory Council company management and implementing social dialogue and problem-solving in (EBAC) delivered the introductory address; Dr. Noeleen Heyzer, Under-Secretary- Asia and the Pacific. Rt Hon Stephen Timms. Zahrander Network; Ms. Nahida Rahman, Executive Director, General of the United Nations and Executive Secretary of ESCAP delivered Channel 9, Bengali TV; Dato’ Vijay Eswaran, Chairman, QI Group; the welcoming address; Ambassador Richard A. Boucher, Deputy Secretary- In the concluding session, session moderators summarized the outcomes of the and Lord Sheikh of Cornhill, Chairman of the Conservative Muslim General of the OECD delivered the opening address; Datuk Dr. Rebecca Fatima sessions, presenting recommendations to both public and private sectors. The Forum also heard speeches from younger Muslim leaders from Sta Maria, Secretary-General of the Ministry of International Trade and Industry Indonesia, Malaysia, Bosnia, Turkey, Britain. The Chairman of the Forum. (MITI), Government of Malaysia delivered the keynote address on “Transforming The two pre-Forum events were organized on Sunday 14 October 2012 at the Global Movement of Moderates Foundation Tan Sri Razali Ismail Countries - the Malaysian Experience”; and Tan Sri Dato’ Dr. Michael O.K. Yeoh, Sunway Resort Hotel & Spa. The first was a UNDP Regional Workshop on SME CEO/Director, ASLI and co-organizers of the APBF 2012 delivered the vote of Development in ASEAN and the Growth of Free Trade Agreements. The second also addressed the Forum together with Sri Lanka’s Minister of Law, The World Muslim Leadership Forum delegates also visited Lambeth thanks. event was the fourth session of the ESCAP Business Advisory Council (EBAC). Mr. Rauf Hakeem. The other keynote speaker was Mr. Chowdhury, Palace for a discussion on Interfaith work with the Archbishop of Mr. Larry C. Farrell, Chairman and Founder of the Farrell Company delivered Y AB Dato’ Sri Mohd Najib, the Prime Minister of Malaysia, sent a special message Director of the British Foreign and Commonwealth Office. The Forum Canterbury’s Secretary for International Development Rev. Rachel a special address from business on “The Role and Power of Entrepreneurship to the Forum welcoming the Executive Secretary of ESCAP, Deputy Secretary- dinner heard an address fromLauren Booth a British journalist and Carnegie. The Forum ended with a lunch hosted by the Alliance of in Promoting Prosperity”. Following the above mentioned opening remarks, a General of the OECD, international speakers and participants to Malaysia. He roundtable discussion was organized consisting of representatives from APEC outlined the progress Malaysia had made under the Government Transformation sister of Cherie Booth wife of former British Prime Minister Tony Religions and Conservation. Singapore, the Government of Malaysia, Booz and Company Ltd, Greenspot Ltd, Programme and Economic Transformation Programme in improving the livelihoods Blair. the Asian Development Bank and Toshiba Thailand. of the population and national competitiveness. He also highlighted that as the fulcrum of the global economy, policymakers in the Asia-Pacific region must The overarching theme of APBF 2012, “Advancing Regional Economic Integration: continue to adopt open; competitive and market-friendly policies which were Connecting Business, Strengthening Partnerships” was discussed in two plenary also inclusive and sustainable. He wished the Forum well and congratulated the sessions, four parallel sessions and three side-events in two days. Specific organizers for arranging this timely event. (Cont. to page 8)

H.E. Ambassador Ong Keng Yong, High Commissioner of Singapore to Dato’ Hafsah Hashi, Chief Executive Officer of the SME Corp ASLI CEO Tan Sri Dr. Michael Yeoh, Mr. Chote Sophonpanich and Mr. Malaysia with Mr. Kamal Malhotra, United Nations Resident Coordinator Malaysia officiating the launching of the policy guidebook for SME Ian Buchanan at the Welcome Dinner for EBAC Members, Speakers for Malaysia and UNDP Resident Representative for Malaysia, Singapore Development in Asia and the Pacific. and Special Guests. Tan Sri Razali Ismail speaking with Dato Seri Mohd Iqbal and The Young Leaders session. Dato Seri Mohd Iqbal with Ms Lauren Booth at the Forum dinner. and Brunei Darussalam, Mr. Mirzan Mahathir, ASLI President and EBAC Committee Member and Ms. Miho Shirotori, Economic Affairs Officer of the Dr. Husna Ahmad. Trade Analysis Branch, Division on International Trade, UNCTAD at the session on “Towards and Beyond the ASEAN Economic Community (AEC) 2015”.

6 7 ASLI SUPPORTS POLITICAL DEBATE 2.0 ASEAN BUSINESS & INVESTMENT SUMMIT

ASLI CEO Tan Sri Michael Yeoh moderating the debate. DAP Secretary General Lim Guan Eng having a light moment with Tan Sri Jeffrey Cheah, Tan Sri Michael Yeoh and Tan Sri Navaratnam. Prime Minister of Cambodia Samdech Hun Sen opening the Summit. Cambodia Senior Minister Cham Prasidh, ASLI CEO Tan Sri Michael Yeoh and ABAC Chairman Okhna Kith Meng.

Tan Sri Tan Kay Hock, Dato Dr. Wee Ka Siong, Dato Dr. , Dato Seri , Tan Sri Dato Seri , Ms Fui Soong, Tan Sri Dr. Fong Chan Onn, Dato Dr. Hou Kok Choon and Tan Sri Ramon Navaratnan and Tan Sri Jeffrey Cheah. Tan Kay Hock.

ASLI organised the second political debate between the President of MCA new villages and laid down the foundation of all races living together. MCA Tan Sri Michael Yeoh with ASEAN Secretary General Dr. Surin Pitsuwan. ASLI Senior Vice President with Dr. Jonathan Choi Honorary President Hong Kong Chinese Chamber of Dato Seri Dr Chua Soi Lek and DAP Secretary General Lim Guan Eng who established TAR College which has trained 200,000 students. Commerce. is also Penang Chief Minister. The debate was on the topic ‘Whose policies benefit the country more’. It was moderated by ASLI CEO Tan Sri Michael More than 1,000 participants attended the Debate held at the Sunway Yeoh with three panelists asking questions to the debaters. The Panellists are Convention Centre. It was broadcasted over TV and had wide media Wan Hamidi Hamid Editor RoketKini from DAP, Dato Seri coverage. MCA Vice President and Housing and Local Government and Prof James Chin, Head of School of Social Sciences, Monash University.

The Debate started with the Moderator’s opening remarks and the introduction of the two Panellists. Mr Lim Guan Eng was the first speaker and spoke about DAP’s Policies and he supported Anwar Ibrahim as the next Prime Minister. He also spoke of the PKFZ matter and rising corruption. He called for the abolishing of highway tolls.

In his opening remarks Dato Seri Dr Chua stated that the BN has lived up to its promises. He stressed MCA has been involved in nation building since day 1. MCA has been involved in fighting for independence and building ASEAN Deputy Secretary General Dr. Lim Hong Hin. Executive Director of ERIA, MU, Nishimura. ASLI Chairman Tan Sri Jeffrey Cheah presenting a memento to Mr. Lim Guan Eng. ASLI was a Supporting Organization of the 2012 ASEAN Business and Investment Summit held in Phnom Penh, Cambodia in November 2012, held in conjunction with the ASEAN and related Summits. The Prime Minister of Cambodia H.E. Samdech Hun Sen officiated the Opening of the Summit organized by the ASEAN Business Advisory Council, the Cambodia Ministry of Commerce and the Cambodia Chamber of Commerce.

Among the distinguished speakers were Cambodia’s Senior Minister and Minister of Commerce H.E. Cham Prasidh; Dr. Noeleen Heyzer, UN Undersecretary General and Executive Secretary of UNESCAP; ASEAN Secretary General Dr. Surin Pitsuwan; ASEAN Deputy Secretary General Dr. Lim Hong Hin; OECD Deputy Secretary General Dr. Rintaro Tamaki DAP Leaders cheering their Secretary General. Senior Pastor Danial Ho, Datuk Denison Jayasooria, Jean Wong, Ng Dato Chua Tee Yong, Tan Sri Ramon Navaratnam and Dato Dr. Ng Yeen Seen and Max Say. Yen Yen. and business leaders from the region. Cambodian Senior Minister Cham Prasidh having a word with Tan Sri Michael Yeoh. An ASLI delegation led by CEO Tan Sri Michael Yeoh attended the ASIA PACIFIC BUSINESS FORUM (Cont. from page 6) Summit.

The Asia-Pacific Business Forum held its ninth session in Kuala Lumpur, Investment Division, ESCAP delivered the welcoming remarks; Datuk Seri Malaysia on 15 and 16 October 2012. The Forum was co-organized by ESCAP, Mohamed Iqbal Rawther, Chairperson of the ESCAP Business Advisory Council the Asian Strategy and Leadership Institute (ASLI), the Organization for Economic (EBAC) delivered the introductory address; Dr. Noeleen Heyzer, Under-Secretary- ASLI CONDUCTS RESEARCH STUDY FOR HONG KONG Cooperation (OECD) and the United Nations Development Programme (UNDP). General of the United Nations and Executive Secretary of ESCAP delivered The Ministry of International Trade and Industry (MITI) and the Ministry of Science, the welcoming address; Ambassador Richard A. Boucher, Deputy Secretary- The Hong Kong General Chinese Chamber of Commerce (HKGCC) The outcomes of the study were announced at the Conference on Technology and Innovation (MOSTI) of the Government of Malaysia were General of the OECD delivered the opening address; Datuk Dr. Rebecca Fatima appointed ASLI to carry out a research study on the feasibility of Hong promoting regional economic cooperation held in Hong Kong recently. strategic partners. The Malaysian Agricultural Research and Development Institute Sta Maria, Secretary-General of the Ministry of International Trade and Industry Kong joining the ASEAN China FTA. The study covered a GTAP analysis ASLI CEO Tan Sri Michael Yeoh was invited to address the conference. (MARDI), the SIRIM Berhad, the SME Corp, the Greater Mekong Subregion (MITI), Government of Malaysia delivered the keynote address on “Transforming Business Forum (GMS-BF), the Mekong Institute (MI), the ASEAN CSR Network Countries - the Malaysian Experience”; and Tan Sri Dato’ Dr. Michael O.K. Yeoh, and various sectoral studies. and the SS-GATE also provided support to the Forum. CEO/Director, ASLI and co-organizers of the APBF 2012 delivered the vote of A Press conference was also held in Hong Kong to announce the results thanks. of the study. At the Official Opening Ceremony, Dr. Ravi Ratnayake, Director, Trade and

8 9 16th MALAYSIAN BANKING SUMMIT SHELL ECO-MARATHON

Dato Seri at the opening. The ASLI team and speakers. Dato Wong Sai Wan and Mr. Edward Clayton.

From left: Tan Sri Ramon Navaratnam, Director of ASLI & Chairman, Centre for Public Policy Studies; YB Dato’ Seri Hj. Ahmad Husni Mohamad Hanadzlah, Minister of Finance II with the Organiser and The Shell Eco-marathon challenges student teams from around the world to design, EVP Global Commercial, Shell and was moderated by Datuk Wong Sai Wan, Executive Mr. Mirzan Mahathir, President of ASLI; and YB Dato’ Seri Hj. Ahmad Husni Mohamad Hanadzlah, Sponsors. build and test ultra energy-efficient vehicles. Held annually in the Americas, Europe and Editor of Publications. Minister of Finance II. Asia, the winners are the teams that go the furthest using the least amount of energy. The events provide a platform for energy-concerned citizens to debate about the future Mr. Kasbani began by providing a brief summary of the discussions at Rio 20+, highlighting of energy while inspiring young engineers to push the boundaries of energy efficiency. the need for humans to survive in light of climate change and various environmental threats. He highlighted that UN specialists thus far agree that the 700 commitments Alongside the track event, Shell and the Asian Strategic & Leadership Institute (ASLI) made at Rio hopefully signify changes to come. One of the key issues is sustainable hosted the FUTURE ENERGY, SMARTER MOBILITY Forum. Panelists discussed on energy for all, which includes: universal access to energy, promoting the Dublin use of matters pertaining to smarter mobility, sustainable transportation and city planning in renewable energy, and ensuring use of sustainable energy to double by 2050. 70% of the Asia. population is now in cities. The focus should be on the mobility of people and not solely in terms of transport. Rio has adopted a 3-fold approach to sustainability: economic, social Mr Simon Henry, Chief Financial Officer of the Royal Dutch Shell welcomed everyone and environmental sustainability. He then highlighted the factors for mobility - transport to the forum and highlighted that the event provided a perfect opportunity to discuss plans must be integrated and comprehensive, investment must discourage use of urbanization and sustainability. Over 100 teams had registered to be part of the Eco- personal vehicles and there must be strong political commitments. Good governance Marathon. He observed that the world is rapidly changing, with its population increasing will ensure the successful implementation of smart mobility. from 7 to 9 billion. Additionally, rising prosperity is fueling unprecedented demands for mobility. This means there is a need for cleaner transport in urban centers. In 2010, China Edward Clayton, Director, Booz & Company (Malaysia) Sdn Bhd stated that mobility in had a total of 14 million car units. By 2035, the demand for cars in China will be 55 million Southeast Asia is seen as a right, something which other parts of the world have enjoyed. Mr Max Say, Senior Vice President of ASLI introducing some of the From left: Mr. Mirzan Mahathir, President of ASLI; YB Dato’ Seri YB Dato’ Seri Hj. Ahmad Husni Mohamad Hanadzlah, Minister of units. Passenger numbers are set to double in the near future. The challenge for policy Increasing mobility will however, cause increasing problems in Asia such as haze and guests at the Summit to YB Dato’ Seri Hj. Ahmad Husni Mohamad Hj. Ahmad Husni Mohamad Hanadzlah, Minister of Finance II; and Finance II presenting a memento to one of the Sponsors – (hv to check makers is thus to make transport more sustainable. The Eco-Marathon gives us a taste of congestion. On the topic of congestion, he remarked that in Malaysia, many new roads Hanadzlah, Minister of Finance II. Tan Sri Dato’ Dr. Michael Yeoh, CEO of ASLI. with Max). On the far right is Datuk Kamaruddin Taib, Chairman of Alkhair International Islamic Bank Bhd. what is possible - last year’s winner managed to develop a car capable of travelling 2200 were built to deal with this problem. There is now no need to take trains - reflected in km on 1 litre of fuel. He observed that businesses must learn to harness this innovation. the fact that less than 1% of all travelers use the rail as a mode of transport. Trains ASLI organised its 16th Malaysian Banking Summit with the theme “Charting of a New Era; Responsible Lending - Promoting a Transition in Retail and For instance, Shell too is looking at developing more efficient and sustainable fuels. It is have become irrelevant. This will soon be rectified as Malaysia expects to spend 160 also assisting governments on plans for smarter urbanization. New forms of partnership billion on rail infrastructure. This will have an impact on fuel use as trains are much more the Future Direction of Banking and Finance in a New Era” on 26 & 27 July 2012 Consumer Banking; Technology and Its Strategic Role in Banking and and collaboration between governments, businesses and civil society are moving away fuel efficient. He commented that Asia grew in the age of the motor vehicle, with many at the Prince Hotel & Residence Kuala Lumpur. Financial Services; Banks and SMEs - A Partnership Approach to SME and from mere technical innovation. Success depends on looking at the bigger picture and cities going from water-, animal- based transport to motor- based. Town planning takes Micro-Financing; Raising the Bar for Risk Management in an Era of Financial commercial expertise with regulatory expertise. The challenge is making these things place around cars, creating a very energy intensive society. Currently, there is a whole Our banking and financial services sector is reaping the benefits of a decade Integration and Innovation; Nurturing Human Capital and Talent Development in happen in practice. He ended by saying that the Eco-Marathon was one critical initiative spectrum of solutions. i.e., electrical vehicles and increased fuel efficiency in internal long reform which has aided its recovery and subsequent transition into an Banks; Internationalisation of Islamic Finance - Malaysia’s Leadership Role; and to making that happen. combustion vehicles. These solutions, he remarked, were encouraged by a number industry with healthy capitalisation, improved risk management and corporate Promoting Electronic Payment for Greater Efficiency. of factors - smaller engines, prices of fuel going down in OECD countries, knowledge governance practices, as well as a greater regional presence. With this solid YB Senator Dato Sri Idris Jala, Minister in Prime Minister’s Office and CEO of PEMANDU sharing and tax incentives for hybrid cars. foundation, the sector is poised to move into a new era in tandem with its role Among the distinguished role-players sharing their views at this two-day Summit Datuk Sri Idris Jala delivered the Official Opening Keynote Address and began by as a key driver and catalyst of economic growth. were:- applauding the Shell Eco-Marathon, an event which he equated with painting a new Mark Gainsborough, EVP Global Commercial, Shell highlighted the huge global challenge future. It is imperative, he said, for the young to stand in that new future, to manage the in meeting energy demands. He remarked that it was necessary to explore how to make The newly launched Financial Sector Blueprint gallantly charts this course of Mr. Sanjeev Nanavati, Chief Executive Officer, Citibank Malaysia; Mr. Michael present from that future. He made reference to last year’s winner, who looked at boosting businesses work with governments and civil society to meet energy needs. Internal action as Malaysia transitions into a high value-added, high-income economy. Foong, Chief Strategy & Transformation Officer, Maybank; Mr. Leon Koay, fuel efficiency through the use of lighter material. combustion engine is not going away although new technologies will come up. There is a mosaic of new technologies which form a solution to sustainability issues, there is no It envisions a sector that would be more competitive, dynamic, inclusive, Country Head & MD of Global Markets, Standard Chartered Bank Malaysia He then proceeded to discuss the future of Malaysia in 2020. In KL alone, there will be 10 one silver bullet that will solve everything. He mentioned his worry about the time needed diversified and integrated, with the ability to offer world class financial services Berhad; Tan Sri Ramon V. Navaratnam, Chairman, Centre for Public Policy million residents up from the current 7 million residents. Therefore, the mode of transport for penetration of new vehicles such as hydrogen powered vehicles. Shell’s perspective to serve the needs of Malaysia. The overall landscape will be of an expanded Studies and Former Deputy Secretary General, Ministry of Finance; Mr. Ashok must be equipped to handle those numbers. Part of the process is gearing the city to be is to make existing fuels more environmentally friendly by increasing the quality of fuels and internationally integrated industry defined by increased importance of Ramamurthy, Group Managing Director, AmBank Group Mr. Ronnie Lim, Head, more livable based on the current pace of urbanization. Datuk Sri Idris Jala then moved i.e. low sulfur fuels, special formulation fuels and biofuels. To this end, governments have existing institutions and the emergence of new ones. Consumer Banking, Alliance Bank Malaysia Berhad; Mdm. Koid Swee Lian, on initiatives to green the city. One of these is to plant 100,000 trees by 2020. As part been offering incentives to create new biofuels. Shell is currently looking into biofuels Chief Executive Officer, Credit Counselling and Debt Management Agency of this program, 30,000 trees were planted last year. We can also explore the idea of that do not compete with existing food sources. Shell is also becoming more of a gas Y.B. Dato’ Seri Haji Ahmad Husni Mohamad Hanadzlah, Minister of Finance II (AKPK); Mr. Goh Peng Ooi, Chairman, Silverlake; Mr. Rama Nathan, Managing vertical gardens. There must be initiatives to clean up the rivers. company. With the increase of gas resources, there is enough gas to keep the economy delivered the Summit Keynote Address. In his address, YB Minister said that Director, IBM Malaysia Sdn Bhd; Mr. Pierre-Francois Vilquin, Chief Technology running for the next 250-300 years. Fuel is therefore moving from coal to gas. He spoke our financial system is expected to grow at an annual rate of 8% to 11% over Officer, CA Technologies Asia South; En. Fitri Abdullah, Senior Vice President, On the subject of public transport, the LRT is being upgraded to move 50% of people of the GTL project in Middle East which produces clean diesel and potentially jet fuel. the next decade, increasing the depth of the financial system to six times of Head of Maxis Business Services, Maxis Berhad; Mr. Chu Hong Keong, Chief from cars to public transport. Currently, only 17% of Malaysians use public transport. One There is also increasing use of liquified natural gas (LNG) in personal transport in the the gross domestic product (GDP) in 2020 from 4.3 times of GDP in 2010. The Information Officer, HSBC Bank Malaysia Berhad; Mr. Vishal Shah, General of PEMANDU’s initiatives is a business competition for students, the winners of which marine and in long distance trucking. The engine technology must therefore be there to financial sector contribution to GDP is also expected to increase from 8.6% in Manager, SME Banking, Standard Chartered Bank Malaysia Berhad; Mr. Wong will win money to execute their ideas. He also emphasized the need for more roads, support these alternative fuels. Shell is also looking at lubricants. It is currently the largest noting that 1700 km of rural roads were built last year. lubricant supplier, seeing it as a big contribution again to fuel efficiency. Additionally, Shell 2010 to between 10% and 12% in 2020. These are the desired outcomes for Chee Seng, Head, Emerging Business, OCBC Bank (M) Berhad; Mr. Khoo is looking at IT solutions i.e. the shell fuel save partner which allows people to plan their the financial services industry as laid out in the Financial Sector Blueprint 2011- Kim Ho, Senior General Manager, Operations, Credit Guarantee Corporation The panel discussion featured Asfaazam Kasbani; Assistant Resident Representative routes better. He ended by saying that it is about doing things now to make a difference 2020 by Bank Negara Malaysia. Malaysia Berhad; Mr. Promod Dass, Deputy Chief Executive Officer, RAM (Environment & Energy Cluster), United Nations Development Programme, Malaysia; and making solutions affordable and acceptable to consumers. Rating Services Berhad; Mr. Jeroen P.M.M. Thijs; Chief Risk Officer, Bank Islam Edward Clayton; Director, Booz & Company (Malaysia) Sdn Bhd; Mark Gainsborough, He also added that with the advent of the ASEAN Economic Community in Malaysia Berhad; Mr. Justin Soong, Group Chief Risk Officer, Hong Leong 2015, the growth of China and India, and with Indonesia at our door step, will Bank Group Mr. Anthony Raja Devadoss, Vice President, KellyOCG APAC; Mr. present Malaysia with opportunities that cannot be ignored. These advantages Tay Kay Luan, Chief Executive Officer, Institut Bank-Bank Malaysia; Mr Ranjit 16th MALAYSIAN BANKING SUMMIT (continued) in many areas must be capitalized. Singh, Chief Operating Officer, Asian Institute of Finance; En. Johan Mahmood Merican, Chief Executive Officer, Talent Corporation Malaysia Bhd; En. Badlisyah “And I strongly believe the targeted outcomes in the Blueprint are well within Abdul Ghani, Chief Executive Officer, CIMB Islamic Bank Berhad; YM Raja Teh reach of our financial services industry. The key towards ensuring these goals Maimunah, Chief Executive Officer, Hong Leong Islamic Bank Berhad; En. are met is to have in place a robust monitoring framework to monitor the Muzaffar Hisham, Chief Executive Officer, Maybank Islamic Berhad; Mr. Daud progress of the Blueprint implementation”, said YB Minister before concluding Vicary Abdullah, President & CEO, INCEIF; Mr. T. Kugan, Vice President Head his speech. of Products, Devices & Innovation (PDI) & Roaming, Maxis Berhad; Mr. Terry KS Vee, Vice President of Business Development, MOLPay Sdn Bhd; and Mr. Peter This was followed by panel discussions centred on key banking and finance England, Head - Retail Banking, CIMB Bank Berhad. issues with topics such as Financial Sector Blueprint - Meeting the Challenges

Mr. Sanjeev Nanavati, Chief Executive Officer, Citibank Malaysia Encik Mirzan Mahathir, President of ASLI and YB Dato’ Seri Hj. The Moderator and Panellists for Session 7 posed together after sharing their who is the panelist on Session 1: “CEO’s ROUNDTABLE: Financial Ahmad Husni Mohamad Hanadzlah, Minister of Finance II greeting views on “Internationalisation of Islamic Finance – Malaysia’s Leadership Sector Blueprint – Meeting the Challenges of a New Era” sharing the guests at the Summit. Role”. From left: En. Badlisyah Abdul Ghani, Chief Executive Officer, CIMB Islamic Bank Berhad; Mr. Daud Vicary Abdullah, President & CEO, INCEIF; YM his views at the Summit. Raja Teh Maimunah, Chief Executive Officer, Hong Leong Islamic Bank Berhad; and En. Muzaffar Hisham, Chief Executive Officer, Maybank Islamic Berhad.

Some of the panellists for Session 3 on “Technology and Its Strategic The panellists for Session 2 on “Responsible Lending – Promoting a The Moderator for Session 1: “CEO’s ROUNDTABLE: Financial Sector Role in Banking and Financial Services”. From left: Mr. Goh Peng Transition in Retail and Consumer Banking”. From left: Mdm. Koid Swee Blueprint – Meeting the Challenges of a New Era”, Tan Sri Ramon Ooi, Chairman, Silverlake; Mr. Rama Nathan, Managing Director, IBM Lian, Chief Executive Officer, Credit Counselling and Debt Management Navaratnam, Chairman, Centre for Public Policy Studies and Former Malaysia Sdn Bhd; and Session Moderator, Mr. Chu Hong Keong, Chief Agency (AKPK); Mr. Ashok Ramamurthy, Group Managing Director, Deputy Secretary General, Ministry of Finance addressing the audience. Information Officer, HSBC Bank Malaysia Berhad. AmBank Group; and Mr. Ronnie Lim, Head, Consumer Banking, Alliance On his left are Mr. Michael Foong, Chief Strategy & Transformation Officer, Bank Malaysia Berhad. Maybank; and Mr. Leon Koay, Country Head & MD of Global Markets, Standard Chartered Bank Malaysia Berhad. Mr Peter England Head of Retail Banking CIMB Bank speaking at the conference. Mr Anthony Devadoss Vice Presidnt KellyOCG APAC and Mr Johan Merican CEO Talent Corp.

10 11 ASLI HIGHLIGHTS WCEF HIGHLIGHTS

Chairman of the Hong Kong Chinese General Chamber of Commerce, a member of the National Committee of the Former President of the Malaysian Chinese Association (MCA) Mr. Tan Koon Swan receiving the WCEF Mr. S.K. Lingham, Baroness Warsi, Dato Sri Mohd Najib and Tan Sri Michael Yeoh in the House of Lords, ASLI Chairman Tan Sri Jeffrey Cheah with the Housing and Local Government Minister, Dato Seri Chor Chinese People’s Political Consultative Conference (CPPCC), Dr. Jonathan Choi Koon Shum receiving the WCEF Lifetime Lifetime Achievement Award for Business and Political Leadership from the Deputy Prime Minister and London. Chee Heung. Achievement Award for Business and Community Leadership from the Governor of Victoria, H. E. Alex Chernov. Governor of Victoria.

Ms. Jenny McGregor, Founder and CEO of the Asialink Centre in the University of Melbourne, ASLI CEO Tan Sri Founder and CEO of the Asialink Centre in the University of Melbourne Ms. Jenny McGregor receiving Dr. Michael Yeoh, The Hon. Mark Dreyfus, QC, MP, Cabinet Secretary/Parliamentary Secretary for Climate Change the WCEF Lifetime Achievement Award for Leadership in Asian Studies from the Deputy Prime Minister Minister of Finance II Dato Seri Ahmad Husni meeting guests at the Banking Summit. Group photograph at the Housing and Property Summit. and Energy Efficiency/Parliamentary Secretary for Industry and Innovation/Federal Member for Isaacs, ASLI Senior and Governor of Victoria. Vice President Ms. Ng Yeen Seen and Tan Sri Ramon Navaratnam, Chairman, Centre For Public Policy Studies (CPPS) and Corporate Adviser, Sunway Group.

Panelists at the Political Debate: Dato Seri Chor Chee Heung, Prof James Chin, Wan Hamidi Hamid. PKNS General Manager Mr. Omar Othman and IOI Group Executive Director, Dato Lee Yeow Chor. Distinguished role-player at the concluding session on “The Global Chinese Diaspora – Creating Wealth, Tan Sri Dr. Fong Chan Onn moderating a session with Mr. John So JP, Mr. Edmond Yeo and Prof. Dr. Contributing to National Development”: Mr. John So JP, Former Lord Mayor of Melbourne, Mr. Edmond Yeo JP, Kriengsak Chareonwongsak. Former Councillor, London Borough of Ealing and Chair, Chinese Information and Advice Centre, London, Tan Sri Dr. Fong Chan Onn, Chairman of the Star Publications Malaysia and Former Minister of Human Resources Malaysia and Prof. Dr. Kriengsak Chareonwongsak, Member of Parliament, Democrat Party, Thailand and Senior Fellow, Harvard University, USA & University of Oxford, UK.

VIP Guests and Ambassadors at an ASLI Luncheon. ASLI CEO Tan Sri Michael Yeoh, Datuk Seri Mohamed Iqbal Rawther, Chairperson of the ESCAP Business Advisory Council (EBAC), Dr. Noeleen Heyzer, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP, Ambassador Richard A. Boucher, Deputy Secretary-General of the OECD, Mr. Chote Sophonpanich, Executive Chairman of the Greenspot (Thailand) Ltd, ASLI Senior Vice President Ms. Ng Yeen From left: Tan Sri Dato’ Dr. Khoo Kay Peng, Group Chief Executive Penang Chief Minister YBA Lim Guan Eng with Mr. William Deague, Tan Sri Lee Kim Yew, Patron and Co-Founder of WCEF present a Officer of Malayan United Industries Berhad, Tan Sri Ramon Navaratnam, Chief Executive Officer of the Asian Pacific Group. memento to Premier of Victoria, The Hon. Ted Baillieu, MLA. Seen, Ms. Rokia Afzal Rahman, Vice President of the International Chamber of Commerce (ICC) Bangladesh, Chairman, Centre For Public Policy Studies (CPPS) and Corporate Adviser, Mr. Paul Hengeveld, Senior Director International Organizations of Microsoft, Ms. Barbara Meynert, Senior Sunway Group, Dato’ Jebasingam Issace John, Chief Executive Officer of Advisor of Li & Fung Group and H.E. Ambassador Ong Keng Yong, High Commissioner of Singapore to Malaysia the East Coast Economic Region Development Council Malaysia (ECERDC) at the Welcome Dinner for EBAC Members, Speakers and Special Guests. and ASLI Senior Vice President Mr. Max Say.

SP Setia CEO Tan Sri Liew Kee Sin shaking hands with Mr. Edmond From left: Dr. Josef T. Yap, President of Philippine Institute for The Deputy Prime Minister speaking at the Dinner in his honour at Yeo JP, Former Councillor, London Borough of Ealing and Chair, Development Studies, Ambassador Zou Mingrong, Executive Government House Melbourne hosted by the Governor of Victoria YB Betty Chew, YAB Lim Guan Eng, Tan Sri Jeffrey Cheah, Tan Sri Michael Yeoh, Tan Sri Ramon Mr. Larry C. Farrell and his wife with the ASLI team. Chinese Information and Advice Centre, London and ASLI Senior Vice Chairman of China National Committee for Pacific Economic H.E. Alex Chernov. Navaratnam and YB Fong Kui Lin. Vice President Mr. Max Say. Cooperation and ASLI Senior Vice President Ms. Ng Yeen Seen.

12 13 ASLI CO-ORGANISES BIMP-EAGA FORUM WITH EPU MALAYSIAN - TURKISH BUSINESS COUNCIL

Tan Sri Nor Mohamed Yaacob Minister in the Prime Minister’s Dept with Senior Officals from Brunei and VIP Guests at the Dinner. The signing ceremony between ASLI and DEIK witnessed by the Malaysian Trade and Industry Minister Mr. Mirzan Mahathir, Dato Seri Mustapa Mohamed, Minister Zafer Caglayan and Mr. Nail Kurt. Philippines. and Turkish Economy Minister.

Dato Paduka Lim Jock Hoi, the Philippines under Secretary for Agriuccture and Tan Sri Radzi Mansor. The 1st session at the Forum. Turkish Deputy Prime Minister Dr. Ali Babacan with ASLI Senior Vice President Mr. Max Say. The members of the Malaysia-Turkey Business Council with Turkish Deputy Prime Minister Dr. Ali Babacan.

ASLI was appointed as the Secretariat for the Turkish-Malaysian Abdullah Gul. The Prime Minister of Turkey H.E. Erdogan officiated the Business Council. During the 2nd Joint Meeting of the Business Opening of the Fair and the IBC Congress. Minister of International Council held in Istanbul, Turkey the MoU between ASLI and the Trade & Industry Dato’ Sri Mustapa Mohamed held a Business Talk DEIK, the Turkish Foreign Trade Department of the Ministry for for the Malaysian business delegation and Turkish investors. Economy was signed. The President of ASLI Mr. Mirzan Mahathir who is also the Malaysian Co-Chair of the Business Council signed At the Joint Business Council Meeting, Welcome Speeches were for ASLI whilst the Turkish Co-Chair signed on behalf of the Turkish delivered by the Co-Chairs Mr. Nail Kurt and Mr. Mirzan Mahathir side. The signing ceremony was witnessed by the Malaysian Minister followed by Keynote Speeches by the Economy Minister of the

The Opening Ceremony of the Forum. Brunei’s Foreign Secretary Dato Paduka Lim Jock Hoi and Minister in the Prime Minister’s Dept Tan Sri of International Trade & Industry Dato’ Sri Mustapa Mohamed and Turkish Republic H.E. Zafer Caglayan and MITI Minister Dato’ Sri Nor Mohd Yaacob. the Turkish Minister of Economy Mr. Zafer Caglayan. It was held on Mustapa Mohamed. Presentations were made by Turkish officials 10th October 2012 in Istanbul. on investing in Turkey and the business potential for collaboration Leaders from the Brunei-Indonesia-Malaysia-Philippines East ASEAN vegetable oils will increase accordingly. In addition, a 2007 World Bank Growth Area (BIMP-EAGA) and the Indonesia-Malaysia-Thailand Growth report estimated that agriculture driven growth is at least twice as effective between Turkish and Malaysian businessmen. Triangle (lMT-GT) will gathered at the Melaka International Trade Center in reducing poverty compared to growth outside agriculture. A report by The Malaysian members of the Business Council also held a (MITC) on 30th November and 1st December 2012 for the 1st BIMP- UNESCAP suggests that this is due to the involvement of a large number roundtable meeting with the Turkish Minister of Economy prior to the Earlier the Deputy Prime Minister and Minister of Finance of Turkey EAGA & IMT-GT Conference. This regional conference will bring together of intermediaries such as wholesalers within the agri-business supply distinguished speakers and expert presenters representing. governments, chain. These reports highlight the significant benefits for the BIMP-EAGA start of the Joint Business Council Meeting. The 2nd meeting of the during a recent visit to Malaysia also met with Mr. Mirzan Mahathir business and academia, to provide their personal insights, knowledge, and IMT-GT regions to advance HVA investments. Malaysian-Turkish Business Council was held concurrently with the and Malaysian members of the Business Council. ASLI’s Senior Vice and experience to encourage greater collaboration and partnerships in MUSIAD International Business Forum and Trade Fair. A Welcome Presidents Ms. Ng Yeen Seen and Mr. Max Say who are part of the investments in the High- Value Agriculture (HVA) sector. Among many distinguished keynote speakers and panelists include:- Dinner was held under the auspices of the President of Turkey H.E. Business Council’s Malaysia Secretariat were also present. The conference serves as a platform for governments and the private • The Hon. Kunio Senga, Director General, Asian Development Bank sector to forge business partnerships in High Value Agriculture (HVA) • The Hon. Dato Lim Jock Hoi, Permanent Secretary, Ministry of Foreign investments while sharing ideas and learning from experts in the HVA Affairs and Trade, Brunei Darussalam area. • HE. Luwalhati R. Antonino, Presidential Adviser on Mindanao Affairs, Republic of the Philippines The conference, jointly organized by the Economic Planning Unit (EPU) • Dato Azizi Meor Ngah, CEO, Malaysian Agrifood Corp Berhad, Director of and the Asian Strategy and Leadership Institute (ASLI) seeks to leverage Halallndustry Development Corporation the BIMP-EAGA & IMT-GT region’s potential for becoming key players in • Mr John Perrine, Chairman/ CEO of Unifrutti Group, Philippines the global HVA market. • Dr. Paul Sun Ming-Hsien, 21st Century Foundation, Taiwan • Tan Sri Muhammad Radzi Mansor, Chairman, Kumpulan Fima Bhd, Last year, Prime Minister Datuk Seri Najib Tun Razak announced that FIMA the government has allocated 3.38 billion ringgit to boost the agricultural • Dato’ Jebasingam Issace John, CEO, East Coast Economic Region sector by providing subsidies and introducing advanced technology and Council, Malaysia techniques to improve profitability. This is part of the country’s effort to • Wan Mohd Fadzmi Wan Othman, CEO, Agrobank address future food security issues, a result of the rapidly growing world population that is estimated to reach 10 billion people by the year 2050. The inaugural BIMP-EAGA & IMT-GT Business Transformation Leaders Conference is a significant event and an opportunity to shape the future As a progressively larger portion of the world population have achieved of the food basket of the region through the exchange of views, expertise ASLI President Mr. Mirzan Mahathir greeting the Deputy Prime Minister of Turkey Dr. Ali Babacan whilst The Business Council Co-Chairs Mr. Mirzan Mahathir and Mr. Nail Kurt with Dato Seri Mustapa Mohamed. and more will soon achieve a higher standard of living, the demand and insights that will provide a foundation to boost future growth and ASLI Senior Vice President Ms. Ng Yeen Seen looks on. for higher value agricultural products such as eggs, milk, palm oil and promote intra and inter trade and investments for the region.

14 15 CSR AND SOCIAL BUSINESS HEALTHCARE FORUM 2012

Tan Sri Dato’ Dr. Michael Yeoh, CEO of ASLI and Ms Jean Wong, ASLI Senior Advisor welcoming YB Dato’ YB Dato’ Sri Liow Tiong Lai, Minister of Health shaking hands with some of the guests and sponsor of Sri Liow Tiong Lai, Minister of Health to the Forum. the Forum. Puan Sri Susan Cheah, Director of ASLI presentives a memento to Dato’ Sri , Minister Dato’ Dr Vijay Eswaran, Executive Chairman, Qi Group of Companies, shaking hands with Tan Sri Ramon of Energy, Green Technology and Water. Looking in Tan Sri Ramon Navaratnam, Director of ASLI. Navaratnam, Director of ASLI. Looking an Dato’ Sri Peter Chin, Minister of Energy, Green Technology and Water.

Dr. Chua Hong Teck, Director of Healthcare and Low Income The Moderator and some of the panellists for Session 1 on “Rise of the YB Dato’ Sri Liow Tiong Lai, Minister of Health presenting a Households, PEMANDU addressing the audience for the session Healthcare Consumers – Opportunities & Challenges for Malaysia”. memento to Mr. Naeem Shahab Khan, Managing Director, Philips on “Building an Efficient Healthcare System -Malaysia’s Value From left: Mr. Amir Firdaus Abdullah, Regional Chief Executive Officer, Malaysia. Gleneagles Hospitals; Mr. Naeem Shahab Khan, Managing Director, Propositions. On his left are Dr. David KL Quek, Immediate Past Philips Malaysia; Dr. David KL Quek, Immediate Past President, President, Malaysian Medical Association (the session Moderator) Malaysian Medical Association (the session Moderator); and Mr. Andrew The Minister with Tan Sri Razali Ismail, Executive Chairman, Datuk Prof. Mohd Yusof Kasim, Vice Chancellor, Asia Pacific, Dato’ Sri Peter Chin Fah Kui,Minister of Energy, Green Technology and Dato’ Dr. Zaininah Mohd Zain, Director, Hospital Kuala Lumpur. Wong, Healthcare Business Specialist, HealthPDM. Cypark Resources and Chairman, Allianz Malaysia; Tan Sri University College of Technology & Innovation; Mr. Gurmit Singh, and Water, presenting a sponsor pleque to Mr. TG Kintanar, Director, Ramon Navaratnam, Director of ASLI; Ms. Nurzarini Daing Abdul Chairman, center for Environment, Technology & Development Qi Group of Companies. ASLI’s Healthcare Forum was held on 22 October 2012 at the Swan Malaysia; EPP 4 - Healthcare Travel; and many more. Rahman, CEO of MyHarapan on Minister’s left. Puan Sri Susan Malaysia; Datuk Dr Denison Jayasooris, Principal Research Fellow, Convention Centre with the theme “The New World of Healthcare - Rise of Cheah, Director of ASLI; Mr. Prakash Chandran, President & CEO KITA, UKM; Mr. Roshan Thiran, CEO, Leaderonomics. of Siemens Malaysia; Mr. Max Say, Chief Marketing & Partnetship Healthcare Consumers & Opportunities for Malaysia”. The Minister also spoke about the Senior Living Business Opportunity where Officer, ASLI. the main objective is to provide a high level care and support in the residents’ Globally, the size of the middle class is projected to increase from 1.8 billion homes and promote healthy living in a lifestyle retirement setting that is The National Conference on CSR and Social Business was held on The conference has brought together leading experts and practitioners people to 4.9 billion by 2030, with Asia contributing 85% of this growth. different from conventional retirement homes. 12 July, 2012 at the Sunway Putra Hotel, Kuala Lumpur. The opening of CSR and Social Enterprises as well as Corporate Managers, According to a recent OECD working paper, Asia’s rising middle class will keynote titled, “Understanding how economic indicators can affect the Entrepreneurs, NGO’s and Researchers in a meeting of minds to increase consumer spending from USD4.9 billion in 2009 to more than This was followed by panel discussions and presentations centred around performance of your business” was delivered by YB Dato’ Sri Peter discuss and review the CSR Agenda. Leading the distinguished USD32.6 billion in 2030. That is, the Asian middle class spending will grow key healthcare issues with important topics such as Rise of the Healthcare Chin Fah Kui Minister of Energy, Water & Green Technology Malaysia. panel of speakers at the conference are Tan Sri Razali Ismail, from 23% to an astounding 59% of total worldwide middle class expenditure. Consumers, Building an Efficient Healthcare System-Malaysia’s Value YB Senator Dato’ Ir. Donald Lim Siang Chai stressed that “CFOs also Executive Chairman, CyPark Resources Berhad, Dato’ Dr. Vijay Propositions, Technology for Healthcare - Successes and Challenges, On the bright side, rising affluence of the middle class has brought about a Malaysia and Global Healthcare Trends - Highlights of 2011 Public Opinion need to keep abreast of global economic performance, and not just at Eswaran, Executive Chairman, QI Group of Companies, Datin higher level of education and awareness in health matters and is consequently Survey, and Destination Healthcare - Marching in Medical Tourists. a national or regional level”. Umayal Eswaran, Chairperson, Vijayaratnam Foundation, QI Group driving up demand for quality healthcare. However, this newfound wealth does of Companies, Datuk Prof. Mohd Yusof Kasim, Vice-Chancellor, Asia coming with a health warning. Rapid economic development that brought us The panellists and moderators were made up of experienced industry players, The rising awareness of CSR is changing the way businesses operate Pacific University College of Technology & Innovation, Mr. Roshan to a prosperous rise has also contributed to changing disease incidences government regulatory bodies and industry analyst and consultants. They around the world. Of late, there has been growing interest ln Social Thiran, Chief Executive Officer, Leaderonomics, Datuk Dr. Denison arising from epidemiologic and demographic transitions, a growth in chronic were Mr. Amir Firdaus Abdullah, Regional Chief Executive Officer, Gleneagles Enterprises and the link between CSR and Social Business. It is a Jayasooria, Principal Research Fellow, KITA, UKM, Dr. Thomas S.K. diseases and lifestyle choices with negative medical outcomes. Positively Hospitals; Mr. Naeem Shahab Khan, Managing Director, Philips Malaysia; driving factor that is shaping corporate strategies and business Tang, Director, Corporate Sustainability, Asia, AECOM, Mr. Thomas or otherwise, growing wealth and populace will have direct impact on both Mr. Andrew Wong, Healthcare Business Specialist, HealthPDM; Ms. Rhenu principles towards a more sustainable future. Business is no longer Thomas, Executive Director, Singapore Compact for CSR, Mr. Prakash public and private healthcare systems in Malaysia and the Asian region. Buller, Vice President of Healthcare, Frost & Sullivan Asia Pacific; Dr. David just about profitability, it is about the culture to create a compassionate Chandran, President & Chief Executive Officer, Siemens Malaysia Sdn KL Quek, Immediate Past President, Malaysian Medical Association; Dato’ Dr. During the Forum, the regional healthcare professionals and stakeholders Zaininah Mohd Zain, Director, Hospital Kuala Lumpur; Dr. Chua Hong Teck, marketplace. CSR acknowledges that companies have an impact Bhd, Mr. Azli Mohamed, Director of Growth Initiatives, GE Malaysia and from both public and private channels including healthcare institutions, Director of Healthcare and Low Income Households, PEMANDU; Mr. Leon on the society, environment and economy through their operations, Mr. Jan Senkyr, Representative of Konrad Adenauer Foundation. regulators and policy formulators, health insurers and supporting industries Jackson, Head of Healthcare IT, UM Specialist Centre; Dr. Mubbashir Iftikhar, products, services as well as through interactions with key stakeholders. such as pharmaceutical and medical technology came together and Chief Information Officer, KPJ Healthcare Berhad; Ms. Natasha Gulati, It involves efforts to manage this impact in order to add value to the Sponsoring organisations include Siemens(Corporate Sponsor) and addressed the challenges head-on. Industry Analyst, Healthcare, Frost & Sullivan Asia Pacific; Mr. Andrew Chan, company and to improve social, environmental and economic wellbeing myHarapan (Associate Sponsor). Executive Director, Infrastructure Advisory PricewaterhouseCoopers Capital of the present and future. Hence, companies need to be proactive in The Forum was officiated by YB Dato’ Sri Liow Tiong Lai, Minister of Health Sdn Bhd; Ms. Tricia Yeoh, Director - Business Development and Research, their CSR initiatives in order to remain competitive in the industry. Malaysia. In his keynote address, the Minister updated the audience on Dynamic Search Sdn. Bhd; Ms. Chin Wei Jia, Chief Executive Officer, Regency the progress made to-date with regard to the Healthcare NKEA. There are: Specialist Hospital; Mr. Subramaniam Sandracasen, Head of Research & Enablers for Medical Devices EPPs - i) Setting up of the Medical Devices Informatics, Malaysia Healthcare Travel Council; and Mr. Suresh Ponnudurai, Authority (MDA); ii) Medical Device Act (Act 737); EPP 2 - Clinical Research Chief Executive Officer, MalaysiaHealthCare.Com

Tan Sri Ramon Navaratnam with Dato’ Sri Peter Chin Fah Kui, Minister of Energy, Green Technology Dato’ Saifuddin Abdullah (middle), Deputy Minister of Higher Education II with Tan Sri Michael Yeoh, CEO and Water. of ASLI; Datuk Prof Mohd Yusof Kasim, Vice Chancellor, Asia Pacific, University College of Technology The panellists fro Session 5 on “Destination Healthcare – Marching in Ms. Tricia Yeoh, Director - Business Development and Research, The Moderator and Panellists for Session 3 on “Technology for Healthcare – & Innovation; Ms Nurfarini Daing Abdul Rahman, CEO, Myleavepan;(on Deputy Minister’s left); Ms. Medical Tourists”. From left Ms. Chin Wei Jia, Chief Executive Officer, Dynamic Search Sdn. Bhd delivering her presentation on “Malaysia and Successes and Challenges”. From left Mr. Leon Jackson, Head of Healthcare IT, UM Elizabeth Lee, Senior Executive Director, Sunway Education Group & Sunway University; Mr. Joshua Regency Specialist Hospital; Mr. Suresh Ponnudurai, Chief Executive Global Healthcare Trends – Highlights of 2011 Public Opinion Survey”. Specialist Centre; Dr. Mubbashir Iftikhar, Chief Information Officer, KPJ Healthcare Purushotman, Head of Public Relations, Qi Group of Companies; Mr. Max Say, Chief Marketing & Officer, MalaysiaHealthCare.Com; and Mr. Subramaniam Sandracasen, Berhad; Mr. Andrew Chan, Executive Director, Infrastructure Advisory; and Ms. Partnership Officer, ASLI. Head of Research & Informatics, Malaysia Healthcare Travel Council. Natasha Gulati, Industry Analyst, Healthcare, Frost & Sullivan Asia Pacific.

16 17 THE 15TH NATIONAL THE 15TH NATIONAL HOUSING AND PROPERTY SUMMIT HOUSING AND PROPERTY SUMMIT

Dato Seri Chor Chee Heung having a light moment with Mr. Othman Omar and Tan Sri Dr. Jeffrey Cheah. Datuk David Chua (centre), Managing Director, DC & A Group Sdn Bhd with panel speakers Mr. John Ng, Dato Seri Chor Chee Heung, Minister of Housing and Local Government arriving at the opening of the Dato Seri Chor Chee Heung presenting a memento to Mr. Othman Omar, General Manager of PKNS as one Executive Vice President - Strategic Marketing, Iskandar Investment Berhad (left); and Mr. Haris Fadzilah conference, accompanied by Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI. of the corporate sponsors. Looking on is Tan Sri Jeffrey Cheah. Hassan, Director of Stakeholder, Mass Rapid Transit Corp. Sdn Bhd.

From left to right: Dato Wan Hashimi Albakri Jaffri, Head, Development Operations I, Sime Derby Datuk Eddy Chen (with mike), Group Managing Director, MKH Group Chairing a session with panel Tan Sri Dr. Jeffrey Cheah presenting a memento to Dato Seri Chor Chee Heung after the Opening Ceremony. Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI delivering the Welcoming Remarks at the conference. Property; Mr. Ho Chin Soon, Director, Ho Chin Soon Research and Datuk Ng Seing Liong, Past President speakers Mr. Othman Omar, General Manager of PKNS and Datuk Lee Yeow Chor, Executive Director, Looking on are Dato’ Seri Chor Chee Heung and Tan Sri Michael Yeoh. of REHDA. IOI Group.

ASLI organised its 15th National Housing and Property Summit with the Director/CEO, Glomac Berhad & Deputy President, REHDA; Tan Sri theme “Sustainability of the Housing & Property Industry” on 28th and Lee Kim Yew, Founder, Mines Resort City / Deputy Chairman, Country 29th August 2012 at the Sunway Resort Hotel & Spa. Heights Group; Datuk Seri Michael Yam, CEO/Managing Director, Impetus Partnership Sdn Bhd and President, REHDA Malaysia; Mr. Othman The Minister of Housing and Local Government Dato’ Wira Chor Chee Omar, General Manager, State Development Corporation; Heung delivered the Opening Keynote Address on “Transforming the Datuk Lee Yeow Chor, Executive Director, IOI Group; Dato’ Jeffrey Ng, Housing Sector for Sustainable Development”. The housing and property CEO, Sunway REIT Management; Dato’ Azhar Abdul Hamid, CEO, Mass sector is an important economic sector of the country and it is linked to Rapid Transit Corporation; Dato’ Abdul Mutalib Alias, CEO, Pr1MA; Prof. many other key sectors of the economy. Therefore, it is the challenge for Dato’ Dr. Kamarul Rashdan, Managing Director, Syarikat Perumahan the Government to facilitate sustainable growth in the housing sector. As Negara; Datuk Ng Seing Liong, Past President, REHDA Malaysia; Dr. the nation moves towards a high income economy by 2020, there is an Christopher Shun, Previous Risk Management Advisor to Putrajaya and urgent need for the Government to try to meet the housing needs of the Senior Vice President, Economic Intelligence Division, Iskandar Regional population. Having a roof over one’s head is everybody’s dream and has Development; Mr. Stewart LaBrooy, CEO/Executive Director, Axis REIT From left to right: Dato Fateh Iskandar Mohamed Mansor, Group Managing Director/CEO of Glomac Dato Ken Tan, Mr. Sam Tan and Dato Seri Chor Chee Heung. been recognized universally as a basic human necessity. Managers Berhad; Dato’ Neoh Soo Keat, Managing Director, Trinity Berhad; Tan Sri Lee Kim Yew, Faunder, Mines Resort City & Deputy Chairman, Country Heights Group and Datuk Seri Michael Yam, CEO/Managing Director, Impetus Partnership & President of REHDA Malaysia. Group; Datin Dian Lee, Managing Director, Clearwater Group, etc. The Minister further add that to achieve the sustainability of the housing, and property industry, the Ministry of Housing and Local Government Topics discussed were on Build Then Sell: Pros and Cons; Update on ASIA ECONOMIC SUMMIT has formulated and launched the National Housing Policy in February Property NKEA - Achieving Progress, Assessing Future Trends; Affordable 2011. The National Housing Policy aims to provide the direction and basis Housing - Whose Responsibility? Meeting the Nation’s Needs; The for the planning and development of the housing sector by all the relevant Residential Sector Review - Condominiums and Landed Property Market ministries, departments and agencies at the federal, state and local Outlook; and The Commercial Sector Outlook - Trends and Opportunities; levels as well as the private sector, as well as to ensure the sustainability Housing the Affluent - Lifestyle Development: Trends and Challenges. of the housing sector. An action plan to ensure the implementation of the National Housing Policy has also been formulated. The implementation of About 200 participants attended this 2-day summit. The corporate all these efforts will be closely monitored by the Ministry of Housing and sponsors of the summit are Sunway Group, S P Setia Berhad Group, Local Government, said the Minister. Malton Berhad, Land & General Berhad, Ireka Development Management Sdn Bhd, PKNS, Ken Holdings Berhad and ICI Pains (Malaysia) Sdn Among the distinguished speakers who presented papers in the 2-day Bhd. The Associate Sponsor is Country Garden Properties (Malaysia) conference are Dato’ Fateh Iskandar Mohamed Mansor, Group Managing Sdn Bhd.

Mr. Zairil Mohd Khir, CEO Penang Institute, Prof Dato Woo Wing Thye Executive Director Penang Institute, Penang Chief Minister Lim Guan Eng officiating the Asia Economic Summit co-organised by ASLI and Chief Minister Lim Guan Eng and ASLI Director Puan Sri Susan Cheah. the Penang Institute.

From left to right: Datin Dian Lee, Managing Director, Clearwater Group; Dr. Christopher Shun, Previous From left to right: Dr. Ernest Cheong, Principle, Ernest Cheong PTL; Senator Dato Abdul Rahim Abdul Risk Management Advisor to Putrajaya and Senior Vice President, Economic Intelligence Division, Rahman, Executive Chairman, Rahim & Co; Mr. Stewart LaBrooy, CEO/Executive Director, AXIS REIT Iskandar Regional Development Authority and Dato Neoh Soo Keat, Managing Director, Trinity Group. Managers and Mr. Thong Mun Wai, Head, Real Estate & Construction Ratings, RAM Rating Services. Prof Dato Woo Wing Thye highlighting a point at the Asia Economic Summit. President Transparency International Malaysia Datuk Paul Low emphasing a point in the session on good governance.

18 19 THE 17TH MALAYSIAN CAPITAL MARKET SUMMIT CFO SUMMIT 2012

Tan Sri Ramon Navaratnam, Chairman ASLI CPPS with Tan Sri Abdul Halim Ali, Chairman Minority Dato’ Ranjit Ajit Singh, Chairman of Securities Commission presenting a sponsor plaque to Datuk Shareholder Watchdog Group, Dato’ Ranjit Ajit Singh, Chairman of Securities Commission and Mr. Kamaruddin Taib, Chairman of Alkhair International Islamic Bank Berhad. Looking on is Mr. Mirzan Mirzan Mahathir, President of ASLI. Mahathir, President of ASLI.

Puan Seri Datin Seri Dr. Susan S. C. Cheah, Director of ASLI Y.B. Senator Dato Donald Lim accompanied by H.E. Ong Kean Yang, Ms. Mandy Simpson, CFO of AmBank Berhad, Mr. Alex Ooi, Partner presenting a special memento to Y.B. Senator Dato Donald Lim Singapore High Commissionar, with some of the special guests and Exco of the BDO Malaysia and Ms. Toh Beng Sew, Head of Siam Chai, Deputy Minister of Finance of Malaysia during the attending the opening ceremony. Accounting, IBM Malaysia Sdn Bhd during the Panel Discussion official opening ceremony of the CFO Summit 2012. on Leadership in Finance - Meeting the Demands of an Expanded Role.

The CFO Summit 2012 was held on 12 September, 2012 at the should respond to the unique set of challenges under the broad Sunway Putra Hotel, Kuala Lumpur. Themed “NextGen CFO: Meeting spectrum of the finance function. Highlights of the conference include future challenges with best practices in cash, credit, risk and change risk management, leadership in Finance, M&A, crisis management, manaqernent”, the conference has attracted participants from both managing change, improving processes through information the private and public sectors. technology and maximising shareholder value and enhancing credit

Dato Steve Ong (with Mike), CEO, Private Pension Administrator Mr. Adil Ahmad (with Mike), former CEO, Kuwait International From left to right: Dato Jaffar Indot, Founding President & CEO, rating. Malaysia; Mrs. Zaiton Mohd Hassan, Chairman, Private Pension Bank chairing a session with speakers Mr. Badlisyah Abdul Ghani, Malaysian Alliance of Corporate Directors; Mr. Philip Koh, Senior There has never been a more exciting and challenging time to be Administrator Malaysia and Mr. Norhisham Abd. Bahrin, Senior Executive Director/CEO, CIMB Islamic Bank Berhad and Mr Yeoh Partner, Mah-Kamariyah & Philip Koh; Dato Abdul Wahab Jaafar a CFO. With post-crisis, businesses undergoing tremendous shift, Associate 1, Azmi & Associates. Teik Leng, Head of Capital Markets Malaysia, Standard Chartered Sidek, Senior Advisor, Azman, Wong Salleh & Co; and Mrs. Leading the distinguished panel of speakers at the Summit are Y.B. Bank Malaysia Berhad. Lya Rahman, General Manager, Corporate Services, Minority increased complexity, competition, regulation, liberalization, scrutiny Shareholder Watchdog Group. Senator Dato’ Ir. Donald Lim Siang Chai Deputy Finance Minister, from stakeholders and volatility all in the mix. The CFO Summit 2012 Ministry of Finance Malaysia, Mr. Low Teng Lum, Director, ValueMap ASLI organized its 17th Malaysian Capital Market Summit with the theme Among the distinguished speakers are Datuk Nicholas Zefferys, Past shed lights on which approaches and strategies to use to cement Consultancy, Mr. Alex Ooi, FCPA, Partner and EXCO member, BDO “Malaysia The Rising Star - Geared for Growth” on 29th October 2012 at President, American Malaysian Chamber of Commerce; Dr. Nazri Khan the CFO’s place at the helm of the company as they steer their The Royale Chulan Kuala Lumpur. This Annual Series of Malaysian Capital Adam Khan, Head of Retail Research, Affin Investment Bank Berhad; Mr. Malaysia, Ms. Mandy Simpson, Chief Financial Officer, Am Bank, Ms. Market Summits, a landmark programme of the Asian Strategy & Leadership P.K. Basu, Managing Director/Regional Head of Research & Economics, businesses and teams forward in this challenging time. Toh Beng Siew, FCPA, Head of Accounting, Asia Pacific Accounting Institute (ASLI) aims to provide timely and reliable information and analysis Maybank Kim Eng Securities, Singapore; Mr. Alan Tan, Chief Economist, Center, IBM Malaysia, Mr. David Chan, Head of Finance, Heath to investors and market players. It is a high-level gathering of industry Affin Investment Bank Berhad; Dato’ Jaffar Indot, Founding President & The opening keynote titled, “Understanding how economic indicators Lambert Asia Pacific, Mr. Mahendran Kapuppial, Finance Director, players, fund managers, investment analysts and research houses to feel CEO, Malaysian Alliance of Corporate Directors; Mr. Philip Koh, Senior can affect the performance of your business” was delivered by YB Guiness Anchor, Mr. Chari TVT, Chief Financial Officer, Celcom the pulse of the Malaysian market, as well as to assess future strategic Partner, Mah-Kamariyah & Philip Koh; Mr. Badlisyah Abdul Ghani, Executive Senator Dato’ Ir. Donald Lim Siang Chai Deputy Minister of Finance challenges and opportunities. It will enable participants to feel the tempo of Director/CEO, CIMB Islamic Bank Berhad; Mr. Jeffrey Tan, General Axiata, Mr. Hyder Hassan, Customer Development Finance Controller development and take stock of the market. Manager, Product and Market Development, Bursa Malaysia Derivatives I, Malaysia. YB Senator Dato’ Ir. Donald Lim Siang Chai stressed that Malaysia - Singapore, Mr. Faizal Mansor, Chief Financial Officer, Berhad; Mr. Yeoh Teik Leng, Head of Capital Markets Malaysia, Standard “CFOs also need to keep abreast of global economic performance, Malaysia Airports Holdings, Mr. Ravi Navaratnam, FCPA, Executive The Chairman of Securities Commission Dato’ Ranjit Ajit Singh delivered Chartered Bank Malaysia Berhad; Mr. Edward Ooi, CEO, Manulife Asset and not just at a national or regional level”. Vice President, Minconsult, and Dr Ng Boon Beng, Finance Director the Opening Keynote Address. Securities Commission believes that the Management Services Berhad; Data’ Steve Ong, CEO, private Pension quality of the market and the high standards of conduct of its participants Administrator Malaysia, etc. for Malaysia and Indonesia, Oracle. cannot be compromised. The growth of our market must not be fuelled by This conference then proceeded with impactful presentations a loosening of standards but instead by an increase in value propositions. Topics discussed were on The Rising Star - Malaysia Becoming the addressing topics and providing inspirational guidance on how CFOs After all, thee is no market if there are no investors. The deep liquidity in Market of Choice, Global Economic Challenges - How These Will Impact our markets is a product of both high savings rates and the strengthening On Malaysia and The Region, the Corporate Governance Debate - Is of our investment institutions. The capital market has been able to draw on the New CG Blueprint Adequate and Effective?, Deepening the Bond the liquidity because of the confidence it engenders. This has led to more and Derivatives Market - Challenges and New Opportunities; and Private STRATEGIC ISSUES FORUM diverse sources of financing for the domestic economy and has reduced Retirement Schemes - How PRS Can Impact on the Market and Wealth reliance on external financing. Investor confidence comes with faith that the Management. system will protect investors and uphold their rights coupled with trust in the stewards of their investments. About 150 participants attended the Summit which was sponsored by Alkhair International Islamic Bank, CIMB Islamic Bank and Inter-Pacific Dato’ Ranjit further add that in the 2013 edition of the World Bank’s “Doing Securities Sdn Bhd. Business Report”, Malaysia was ranked the 12th most competitive economy in the world for doing business, up from 18th place last year. However, when The Summit was supported by the Malaysian International Chamber it comes to investor protection, Malaysia ranks even higher, at 4th place. of Commerce and Industry, Securities Commission, British Malaysian The report also places us amongst the top ten reformers in the APEC Chamber of Commerce, the American Malaysian Chamber of Commerce grouping with regard to regulatory practices. Malaysia also shares 4th place and the Oxford Business Group. with Japan in the Asian Corporate Governance Association’s Corporate Governance Watch 2012 Report, up two positions from its 2010 placing.

Tan Sri Ramon Navaratnam and the Canadian Deputy Minister. Participarts at the Forum.

ASLI’s Strategic Issues Forum held a Roundtable Discussion with emphasised the need for improvements in education and skills, Canada’s Associate Secretary to the Cabinet and Deputy Minister business investment, innovation and policy framework. She also of Intergovernmental Affairs. The Deputy Minister shared Canada’s stressed the importance of supporting entrepreneurs, innovation and experience in enhancing national competitiveness. world class research and to have sustainable social programmes. Canada has also focused on controlling cost of government and

Tan Sri Ramon Navaratnam, Chairman ASLI Centre for Public Policy Tan Sri Dr. Mohamed Munir Abdul Majid, Chairman, Bank Muamalat Dato Donald Lim Siang Chai, Deputy Minister of Finance receiving She shared how Canada is improving income growth by focussing the way it does business. The aim is to have a high performing civil Studies/Group Advisor, Sunway Group chairing a session with Malaysia Berhad chairing a session with speaker Datuk Nicholas a memento from Mr. Max Say, Chief Marketing and Partnership on productivity growth and labour force participation. She also service. Canada is taking steps to modernize its public service. Mr. P. K. Basu, Managing Director/Regional Head of Research & Zeffreys (on his right), Past President, American Malaysian Officer. Economics, Maybank Kim Eng Securities Singapore; and Mr. Alan Chamber of Commerce; and Dr. Nazri Khan Adam Khan, Head of Tan, Chief Economist, Affin Investment Bank Berhad. Retail Research, Affin Investment Bank Berhad.

20 21 ASEAN INDIA CONNECTIVITY SUMMIT SINGAPORE MALAYSIA BUSINESS UPDATE

Panelist at the CEO Discussion H.E Ong Keng Yong, High Commissioner Singapore to Malaysia & Former Syamal Gupta, Member, Malaysia-India CEOs Forum and Special Advisor, Tata International Ltd, Secretary General ASEAN, Tan Sri Ajit Singh Former Secretary-General ASEAN and Tan Sri Krishnan Executive delivering a welcoming address at the Summit. Deputy Chairman, IJM Corporation Berhad. Penang Chief Minister Lim Guan Eng addressing the forum. Mr. Ku Kok Ping Pemandu Director, Mr. Daniel Lim and Mr. Rajiv Biswas at the forum. ASLI together with Institute of Southeast Asia Studies (ISEAS) & PACAL Singapore magnet to attract more dynamic multinational companies to establish their global organized the Malaysia Singapore : Developing a Strong Business Partnership or regional headquarters in the Greater KL/Klang Valley. It is Prime Minister Najib’s through Enhanced Relationship on 26 November 2012 in Grand Copthorne vision to develop a first class transportation network by implementing the high Waterfront Hotel. The discussions that took place provided strategic and timely capacity Mass Rapid Transit (MRT), upgrading and improving the liveability of the update on the latest economic and political developments in Malaysia as well as people and at the same time boosting the tourism industry into the Greater KL/ business prospects and investment opportunities for Singaporean investors. Klang Valley sector. Speakers were Dato’ Ahmad Suhaili Idrus Director,Urban Public Transport NKRA Greater KL KV NKEA, Performance Management and Delivery The event itself was phased into 4 different segments covering areas of business Unit (PEMANDU) ,Dr Robert Yap Chairman & CEO, YCH Group, Singapore, & local political climate. The X-factor of Economic Transformation Programme Mr Karthik Rajan Head, Public Sector Consulting Practice, Asia Pacific, Frost & session covered The Economic Transformation Programme (ETP) which up to date Sullivan and was moderated by Ms Fui K. Soong Director, Centre for Strategic Y.B. Dato’ Jacob Dungau Sagan, Deputy Minister (Industry), Ministry of International Trade and Industry, Malaysia; Puan Sri Datin Seri (Dr) Susan Cheah, Director of ASLI, together with B. Dato’ Jacob Dungau Sagan, Deputy recorded RM170.28 billion in investment, RM220.15 billion in GNI and 362,396 Engagement (CENSE). The session was well received by the audience as Kuala H.E. Mr Sathyanarayana Sarvey, Minister of State for Road Transport and Highways, India and H.E. Vijay Gokhale, Minister (Industry), Ministry of International Trade and Industry, Malaysia; H.E. Mr Sathyanarayana Sarvey, new jobs. With the Strategic Reform Initiative clusters, or SRls: Public Service Lumpur and Klang Valley was previously noted as prime investment spot but slowly High Commissioner of India to Malaysia during opening ceremony. Minister of State for Road Transport and Highways, India before the conference. Delivery, public finance, human capital development, international standards and fading. Datuk Suhaili proved an example through the demonstration of the free liberalisation, government’s role in business and narrowing disparities in place, buses, integrating all the rail systems, expansion of the infrastructure to name a few ASLI together with Confederation of Indian Industry (CII) and Indian High growth potential drawing in more investor interest. With the ASEAN-India FTA in the framework of Malaysia’s economic transformation agenda is now in place while Mr Karthik explained the models of smart cities and world class metropolis Commission to Malaysia organised the ASEAN - India Connectivity Summit place, Malaysia is seeing the potential for increasing trade and investment ties that enables Malaysia to achieve its high-income nation target in an inclusive and how close is both countries to achieve it. Dr Robert Yap was focused on the on on 29 November 2012 in Sunway Hotel Resort & Spa. The event was attended with India that hope to continue flourish. The long term and strategic partnership and sustainable manner by 2020, taking Malaysia into the club of developed the transportation and connectivity standpoint. The very next session was looking by top players from private sector, eager to understand the intricacy trade & between Malaysia and India could be developed based on historical, cultural nations. The session was moderated by Mr Daniel Lin, Executive Director of Blue at the investment in Iskandar Malaysia, practically the neighbor of Singapore. business development in multiple industries such as Construction, Infrastructure, and social links, pluralism, open society, shared commitment to democracy and Ocean Capital Partners Pte.Ltd and exclusive presentation by panellist Mr Ku Kok Iskandar Malaysia has attracted the largest amount of committed investment Transportation, Energy, Information Technology, Telecommunication, Education, development and high degree of political and economic interests. Peng Director, ETP Investment, Performance Management and Delivery Unit so far, with RM73.2 billion as of March 2011 according to the corridor authority. Vocational Training, Tourism and Air connectivity. The panel of presenters were (PEMANDU and Mr Rajiv Biswas Senior Director & Chief Economist, Asia Pacific, Located adjacent to Singapore, Iskandar Malaysia is a natural touchstone for both leading industry businessmen from both India & Malaysia. To cap the Tan Sri Dato Dr Micheal Yeoh, CEO of ASLI & Mr Syamal Gupta, Member IHS Group, Singapore. The mapping of the economical value that is stood to gain economic development and not to mentioned on one of the most strategic trade event finale, a CEO roundtable took place to engage future opportunities and of Malaysia-India CEOs Forum and Special Advisor, Tata International Ltd and how PEMANDU is driving the concept through ETP was eye opening for the routes in the world. The joint development of a wellness project by Temasek and mitigation of current challenges. welcomed the audience, followed by short introductionary remarks by H.E. Singaporean audience. Khazanah Nasional is an iconic project that will further strengthen bilateral ties. Vijay Gokhale, High Commissioner of India to Malaysia. On the speakers panel, we were lucky to have Mr Khairuddin Hong Senior Vice Trade and investment flows between Malaysia and India have increased in We were privileged to have Special Address on Enhancing Healthcare between President, Investor Relations, Iskandar Investment Bhd, Mr Keith Martin Chief recent years. Malaysia is fast becoming a gateway to the combined ASEAN We were graced by two senior officials representing both the Government of India Singapore - Malaysia by Ms Chin Wei Jia, CEO Regency Specialist Hospital & Executive Officer, Medini Iskandar Malaysia ,Prof. Malek Pourzanjani President, market 550 million with the coming into effect of the ASEAN Free Trade & Malaysia, presenting a joint keynote presentation, H.E. Mr. Sathyanarayana Group General Manager of Health Management International Ltd. Her confident Raffles University Iskandar,Dato’ Bill Ch’ng,Chief Executive Officer, Asia Pacific Area. Malaysia’s Iskandar Development Region offers abundant investment Sarvey, Hon’ble Minister of State for Road Transport & Highways, India and Yang nature and excellent research into the growth of health management and health Trade & Expo City Sdn Bhd (APTEC), Iskandar Malaysia and was moderated by opportunities for Indian investors. Similarly, the Greater KL/Klang Valley will also Berhormat Dato’ Jacob Dungau Sagan, Deputy Minister (Industry), Ministry of tourism as well as the placement of the hospitals in several key locations such as Mr Chew Seng Kok Regional Managing Partner, ZICOlaw. The session covered create new opportunities for investors. Likewise, India is an attractive investment International Trade and Industry, Malaysia. Iskandar, Kuala Lumpur & Singapore shows that healthcare is a thriving industry. several industries from healthcare, education, entertainment, movie industry destination for Malaysian businessmen and investors globally, who see the (Cont. to next page 23) (capping the term Jollywood), real estate and economic trade centers. The session Due to conflicting schedule, the Chief Minister of Penang, Honorable Mr Lim Guan was timed longer as it drew interest from the crowd of the exact investment points Eng had to arrive later to present his speech on business updates & investment in Iskandar Malaysia. opportunities in Penang. As they say, better late than never, this goes ahead and MALAYSIAN RAILWAYS & MRT shows the dedication of the Chief Minister to ensure that the audience were not left Our last session, which resonated throughout the conference was on Malaysian disappointed. His speech was candid, covering multiple availability for investment political update. We were honored to have Dr Ei Sun OH, former political secretary purposes as well as preservation of the Penang Island’s history. His tongue-in- of Malaysia Prime Minister and speakers were Mr Karim Raslan Chief Executive cheek answer captivated the Singaporean delegates and his answers to politically Officer, KRA Group, Dr Ooi Kee Beng Deputy Director of Institute of Southeast charged questions were apt and appropriate. Asian Studies (ISEAS), Singapore and Ms Fui K. Soong Director, Centre for Strategic Engagement (CENSE). The session was presented to enable participants The following session covered on Greater Klang Valley transformation agenda evaluate possible outcomes of the 13th General Elections and how these political towards Smart city and to become world class metropolis.The Greater KL/Klang trends could impact on business and economic development. The “diagnosis” was Valley project is a vision to attain the status of the world’s top 20 cities enjoying positive yet as they have always say, you could never know what will happen until sustainable economic growth. The projects around the area are foreseen to be a it happens.

Tan Sri Dato Dr. Micheal Yeoh, CEO of ASLI together with Tan Sri Dato’ Dato’ Ahmad Suhaili Idrus Director - Urban Public Transport & NKEA Mr Chelvam Rengasamy, Senior Manager of Business Development, Rail (Dr) Ramon V. Navaratnam Director ASLI, Puan Sri Datin Seri (Dr) Susan Director - Greater Kuala Lumpur / Klang Valley, Performance Management Systems & Services for Siemens Malaysia, Mr Thomas Baake CEO of ERL Cheah, Director of ASLI together with Y.B. Datuk Abd Rahim bin Bakri & Delivery Unit (PEMANDU) together with Tan Sri Dato’ (Dr) Ramon V. Maintenance Support Sdn. Bhd. (E-MAS) and Mr Bhavesh Shah,Sales & Deputy Minister II of Transport, Malaysia for the Opening Ceremony. Navaratnam Director of ASLI and Dato’ Azhar Abdul Hamid Chief Executive Business Development Manager - Southeast Asia, Ansaldo STS (M) Sdn. Officer, Mass Rapid Transit Corporation Sdn. Bhd. (MRT). Bhd. Together with Mr Prabhu Menon, Programme Director of ASLI.

Increased urban population, combined with environmental & monetary consideration being viewed globally as a multi-million dollar industry with tremendous untapped with added effort for Kuala Lumpur to reinvent the polycentric business & residential potential. It is expected to be one of the high growth and high potential markets in areas, the future is definitely looking forward for rail transportation to accommodate the world. current and future growth of Malaysia. Advocates from world’s major cities agree that mass transportation in the form of rail can act as catalyst for economic During this one day conference Tan Sri Dato’ (Dr) Ramon V. Navaratnam Director, development while ensuring pollution reduction, auto congestions, fixed users cost Asian Strategy & Leadership Institute (ASLI) & Group Corporate Advisor, Sunway for middle/lower income level as well as the invalids and the overlooked community Group of Companies welcomed the executive delegates and Y.B. Datuk Abd Rahim of migrant workers and expatriates. There many factors could reveal the nuances bin Bakri Deputy Minister II of Transport, Malaysia addressed the delegation on the Zaid Ibrahim & Co-Managing Partner Mr. Chew Seng Kok Penang Chief Minister Lim Guan Eng with the ASLI team. The Political session with Mr. Fui Soong, Dr. Oh Ei Sun, Mr. Karim and cons which exhibits as potential pitfalls for the projects such as environmental expansions of railway projects for connectivity & urban sustainability. moderating a session with Dato Bill Ch’ng Chairman of Malaysia Raslan and Dr. Ooi Kee Beng. degradation, space and land wastage, cost of construction and so on. However Pacific Corporation on far right. the benefits such as city wide optimized transit networks for the ease of commute Among the role-players that presented at the conference included Dato’ Azhar Abdul for the immobile populations, the creation of new jobs, increase of property values Hamid Chief Executive Officer, Mass Rapid Transit Corporation Sdn. Bhd. (MRT), and the makings vibrant economic and activity center are far too great to ignore. Dato’ Ahmad Suhaili Idrus Director - Urban Public Transport & NKEA Director - ASEAN INDIA CONNECTIVITY SUMMIT (Cont. from page 22) Furthermore, Malaysian Industry-Government Group for High Technology (MIGHT) Greater Kuala Lumpur / Klang Valley, Performance Management & Delivery Unit has reported that an accumulated rail investment was totaled RM 118.7 billion (PEMANDU), Prime Minister’s Department, Encik Suhaimi Yaacob, President of in a period of 1995 to 2011. The local rail industry also brought up issues on the Rail, SCOMI Group Berhad / Country President, SCOMI India, Puan Noormah Mohd Tan Sri Dato’ Dr Ramon V. Navaratnam, Director, Asian Strategy & Leadership and CEO & Managing Director, Aptech Ltd and Mr Ravi Bhoothalingam, economic spin off and limited opportunities serve by the huge investment made by Noor Chief Executive Officer, Express Rail Link Sdn. Bhd. Mr Thomas BaakeChief Institute (ASLI) Chairman of Centre for Public Policy Studies (CPPS) was the Founder & Chairman, Manas Advisory. the Government. Executive Officer, ERL Maintenance Support Sdn. Bhd. (E-MAS), Mr Chelvam respected moderator for the event, engaging the presenters and audience alike Rengasamy, Senior Manager - Business Development, Rail Systems & Services, on the many ventures that could be made. The sessions were divided into 3 The CEO forum panel was moderated by Tan Sri Ajit Singh, Former ASEAN With that note, ASU for the very first time organised the Malaysian Railways & MRT Siemens Malaysia Sdn. Bhd., Mr Bhavesh Shah, Sales & Business Development segments; Physical Connectivity, People to People Connectivity and CEO Secretary General with impressive panelist such as H.E. Ong Keng Yong, 2012 conference, with the theme “Journey Forward for National Connectivity”, which Manager - Southeast Asia, Ansaldo STS (M) Sdn. Bhd., Mr Ng Yiek Seng, Principal, forum. The impressive listing of speakers, notably Y.Bhg Datuk Ir. Ahmad Fauzi Singapore High Commissioner & Former ASEAN Secretary General ,Tan took place on 21 November 2012 in Sunway Putra Hotel, Kuala Lumpur. VERITAS Architects Sdn. Bhd. / Managing Director, VERITAS Planning Sdn. Bhd Bin Hasan, Chief Executive Officer, Energy Commission, Mr Kavan Mukhtar, Sri Krishnan Tan Boon Seng, Executive Deputy Chairman, IJM Corporation and Mr C.K. Tang Partner, Veritas Environment Sdn. Bhd. Partner at Frost & Sullivan, Mr Shailesh Pathak, President, Srei Infrastructure Berhad, Malaysia and Mr Syamal Gupta, Member, Malaysia-India CEOs It is given that many modernization efforts are often scrutinized and regularly Finance Ltd, Mr Shallesh Pathak, President, Srei Infrastructure Finance Ltd,Mr Forum and Special Advisor, Tata International Ltd. The event was well received disputed. The answer is yes, if the question is whether or not rail transportation The event was attended by 90 delegates from public and private sectors, each of Vish Iyer, President - Asia Pacific, Tata Consultancy Services Dato’ Iskandar and was done in conjuction of the ASEAN INDIA Car rally which took place a will be cost effective, economically beneficial and an important component in many them left with a note that event such as this is worth repeated and be done for 2 days Mizal bin Mahmood, Managing Director & Chief Executive Officer, Manipal day before on 28th November 2012 in Putrajaya. 1st world countries. According to Frost & Sullivan (2009), the rail industry in Asia is on international scale in Malaysia. Education Malaysia Sdn Bhd, Mr Ninad Karpe, Vice Chairman, CII Maharashtra

22 23 SUMMARY REPORT: CPPS ROUNDTABLE DISCUSSION ON POLICY AND SOCIO-ECONOMIC ISSUES IN MALAYSIA

As the General Elections looms around the corner, the Centre For Public in Brazil. There is a need to institutionalize a holistic, inter-connected and Policy Studies (CPPS) had organized a series of roundtable discussions comprehensive framework that encompasses areas on green economy, throughout 2012 on policy and socio-economic issues in Malaysia. poverty eradication and sustainable development in Malaysia. Hence, it Key leaders and representatives from the government, private sector, is imperative for the Malaysian government to formulate a National Policy academic and civil societies participated and shared critical viewpoints on Sustainable Development. on matters that affect the Malaysian society. On the area of poverty, overcoming the issue on low income families is For each of the roundtable, a report was documented and policy vital as Malaysia prepares itself towards a high income nation. Among recommendations were drafted and sent out. The roundtable discussions the concerns highlighted is the rising income inequality across ethnic held were on Vernacular Schools in Malaysia Roundtable (27 February), groups and the widening gap between the urban and rural communities. Education Reform and the Process of Consultation Roundtable (16 The government should address urban poverty through neighbourhood April), Rio Agenda Roundtable on green economy, poverty eradication based inter agency, multidisciplinary, multi ethnic delivery teams, as well and sustainable development (4 June), Post-Rio Agenda Roundtable as establish a ministry to focus on the needs of the bottom 40 percent on Lesson Learnt and Implication for Malaysia (9 July), Fast Tracking with social inclusion as the priority base. Low Income Families towards High Income and Better Quality of Life (16 August), National Education Blueprint Focus Group (13 September), The open conversations among Chinese, Indian and Bumiputra community and National Conversations on Community Concerns from a Malaysian has resulted a more frank engagement on the different realities and Perspectlve (8 October). There are four main areas of policy and socio- challenges among different community groups. Therefore while we want economic issues that CPPS focused: education, sustainability, poverty to adopt national and holistic approaches, we must recognise the needs and community concerns. and concerns of each sub group or community is still necessary. The outcome of the discussions were cross-analysed, similar occurrence of The deterioration in standards of our education system is a major concern, issues such as social injustice, insecurities, poverty and marginalization the recent National Education Blueprint sparked several criticisms and were recognized. It is vital that the government forms a Social lnclusion feedback among educationists and leaders in the education field. Other Unit at the Prime Minister’s Office to address the deep seated community important issues such as the legal status of Vernacular Schools, the need and sub-ethnic feelings of distrust. for PPSMI (teaching English for Math and Science), and the poor quality of teachers were deliberated. Education reform on all levels is important The CPPS roundtable series was a success as a few lights were shed on to reinstate the core philosophy of our Malaysian education system that the core concerns ofthe nation. Through more of such open and cross- reflect the diversity of our cultural heritage and a quality education that sectional discussions between all levels of society, we hope to contribute prepares the future generation for challenges of the 21th Century. towards strengthening the policy making and reform in the government and create a more holistic approach from the bottom up to address the On the other hand, sustainability has been an important agenda challenges of today’s Malaysia. throughout the globe especially with the recent Rio Agenda 20 plus held

ASLI HARI RAYA OPEN HOUSE

President of the Senate (left) Tan Sri Abu Zahar Ujang arriving at Mr. Mirzan Mahathir greeting the Pakistan High Commissioner. General Tan Sri Hashim Mohd Ali and Mr. Max Say. the Open House.

Mr. Mirzan Mahathir greeting Tan Sri Dr. Mustafa Babjee. Mr. Max Say speaking with the Laotian and Vietnamese Tan Sri Ramon Navaratnam, Mr. Mirzan Mahathir and Tan Sri Robert Ambassadors. Phang.

The Team ASLI. Ms Ng Yeen Seen welcoming the New Zealand High Commissioner. Dato Aziz Bakar (right) CEO Malaysian Director Academy (MINDA).

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