“Implementing Good Regulatory Practice in Malaysia” “ DRIVING the Goal of Malaysia to Become a Develop Nation by 2020 Is Fast Becoming Reality

OECD Publication

“Implementing Good Regulatory Practice in Malaysia” “ DRIVING The goal of Malaysia to become a develop nation by 2020 is fast becoming reality. Malaysia has one of the most competitive economies

in Asia and is becoming globally recognised as having a business- Transformation, friendly environment. The country is committed to achieving sustainable development and inclusive growth, while also recognising the challenges and opportunies posed by a global competitive economy as well as the establishment of the ASEAN community and regional economic integration. POWERING

The government has encouraged private sector-driven and people- centered growth through a variety of initiatives and policies that has been

very successful. But maintaining these reforms has led the government to go Growth” further, and embark on an agenda for good regulatory practice. Producing regulations through a more robust process of analysis and stakeholder engagement enhances efficiency and accountability, and also promotes greater participation, inclusiveness and ownership of the end solution or government intervention.

In 2013, the launch of the National Policy on the Development and Implementation of Regulations reflected the government’s desire to improve the rule-making process. Regulatory impact statements and public consultations were introduced in order to standardize the way that polices, laws and regulations are developed and improve overall regulatory quality. We are grateful to the OECD for its support in introducing and implementing this policy, drawing on the vast experience and expertise of other countries so that Malaysia can learn from best practice and avoid the mistakes of others.

In 2015, Malaysia is proud to be the Chair of ASEAN. Malaysia has made good regulatory practices a priority across the ASEAN community, as it considers them a key ingredient for our regional economic integration and institutional connectivity. Having a coherent and convergent regulatory environment within and across borders will facilitate the movement

MITI Weekly Bulletin / www.miti.gov.my of people, trade, investment, culture and ideas that contributes to thriving social, cultural and economic community.

For the reason above, I am delighted that the OECD has supported Malaysia’s efforts in implementing good regulatory practice and produced this publication assessing the progress made. This is important for Malaysia to celebrate its successes and also learn from the recommendations to keep improving. It is also important for our neighbours to see and benefit from Malaysia’s experience. Good regulatory practices are not only important now but should be a permanent area for concerted attention and action.

Preface by, Tan Sri Dr. Ali Hamsa Chief Secretary to the Government of Malaysia

In 2013, the Government of Malaysia asked the OECD to review its regulatory management system and provide support for piloting and implementing its regulatory policy. The review was conducted by delegates of the Regulatory Policy Committee and the OECD Secretariat in 2014, using expertise developed over two decades of peer learning under the OECD programme on Regulatory Reform. Peer reviews of good regulatory practices have also been conducted for Viet Nam (2011) and Indonesia (2012). The project drew on a number of OECD publications and instruments, including the 2012 Recommendation of the OECD Council on Regulatory Policy and Governance. This report presents the findings of the project. “ DRIVING The Government of Malaysia is focusing on the importance of an enabling business environment. This is reflected in Malaysia’s status in the 2015 Doing Business rankings on the ease of doing business, where

Malaysia ranks 18th out of 189 economics. To create this business-friendly environment, the government has Transformation, reduced the paperwork required to licence a business by over 50%, saving businesses RM 729 million (EUR 181 million), and conducted sector-specific reforms in construction, logistics and healthcare. In order to fully exploit the potential of high-quality design of policies, laws and regulations, Malaysia has established a National Policy on the Development and Implementation of Regulations. This is a promising step towards institutionalizing good regulatory practices and sets an example for other similar countries in POWERING South East Asia and beyond.

OECD member countries are aware of the benefits of a high-quality regulatory environment for achieving inclusive growth and environmental sustainability, and are constantly improving their regulatory Growth” practices. In South East Asia, regional connectivity, integration and the establishment of the ASEAN community provide further impetus for having similar institutional frameworks that contribute to a seamless, inclusive and people-centered economy. Moreover, having a similar approach to the rules of the game for society, the environment and the modern economy is critical for positioning the ASEAN community as a destination of choice for investment, trade and job creation.

OECD experience shows that successfully implementing regulatory policies requires investment and sustaining initiatives over the long term. In this respect, Malaysia would benefit from strategically targeting efforts in high-impact areas while supporting compliance with the National Policy. Reporting of ministerial performance vis-à-vis the National Policy will also help drive improvement over time. Good regulatory practice is not a destination, but a journey within a dynamic environment. Malaysia’s recent efforts and progress are to be commended, and are well in line with OECD Recommendations on Regulatory Policy and Governance. These are sound foundations that should be built upon with the same support and industry that initiated these reforms, to achieve the ultimate goal: better policies for better lives.

Foreword by, Rolf Alter Director of Public Governance and Territorial Development, OECD

MITI Weekly Bulletin / www.miti.gov.my MALAYSIA Labour Force and Unemployment Rate, Jan 2015 January December Change (%) January Change (%) 2015 2014 m-o-m 2014 y-o-y Labour force (‘000) 14,043.60 14,180.50 -1.0 13,987.60 0.4

Employed (‘000) 13,601.60 13,748.40 -1.1 13,529.90 0.5

Unemployed (‘000) 442.0 432.1 2.3 457.7 -3.4

Outside labour force (‘000) 6,865.30 6,700.60 2.5 6,644.80 3.3 Labour force participation 67.2 67.9 -0.7 67.8 -0.6 rate (LFPR) (%) Unemployment rate (%) 3.1 3.0 0.1 3.3 -0.2

Source : Department of Statistics, Malaysia “

Working Age Population (15 - 64), 2009 - Jan 2015 DRIVING

20 Transformation, 6.7 6.7 6.9 7.0 7.0 6.9 15 6.7

Millions 10

14.2 14.0 POWERING 12.3 12.7 13.1 13.6 5 11.3

0 2009 2010 2011 2012 2013 2014 2015 (Jan) Growth” Labour force Outside labour force

Source : Department of Statistics, Malaysia Labour Force, 2009 - Jan 2015

16 0.43 0.44 14 0.40 0.42 0.40 0.39 12 0.42 10 8 13.7 13.6 Millions 13.2 6 12.3 12.7 10.9 11.9 4 2 0 2009 2010 2011 2012 2013 2014 2015 (Jan)

Employed Unemployed

Source : Department of Statistics, Malaysia

MITI Weekly Bulletin / www.miti.gov.my Unemployment Rate for Selected Countries, 2014

% 8.0

7.0 6.8 6.3 6.1 6.2 6.0 5.3 5.0 4.4 4.1 4.0 3.0 3.0 2.0 2.0

1.0 0.6

0.0 China Germany Indonesia Malaysia Philippines Singapore Thailand UK USA Vietnam

Source : Department of Statistics Malaysia; IMF, U.S. Bureau of Labor Statistics, Ministry of Manpower Singapore, Philippines Statistics Authority, National Statistical Office of Thailand

Distributive Trade Indicators, 2010-2014 “ DRIVING

Value of Sales, 2010 - 2014

500 Transformation, 450 400 350 300

250 POWERING 471.9 444.8

200 429.0 412.6 343.7 RM billion 339.8 150 309.5 284.3 264.7 100 239.4 Growth”

50 135.7 123.1 115.9 127.2 108.0 0 2010 2011 2012 2013 2014 Wholesale Trade Retail Trade Motor Vehicles

Salaries & Wages, 2010 - 2014

10 20.7 RM billion RM 19.8 18.0 16.4 13.1 12.6 14.1

5 12.0 11.9 9.9 5.8 4.2 5.6 4.7 5.1 0 2010 2011 2012 2013 2014

Wholesale Trade Retail Trade Motor Vehicles

Source : Department of Statistics, Malaysia

MITI Weekly Bulletin / www.miti.gov.my Did You Know? Exports, Imports and Production of Natural Rubber, 2011 - 2014

668,613 2014 721,722 905,039

826,421 2013 847,090 1,004,805 Production

922,798 Exports* 2012 771,174 872,429 Imports* 996,210 “

2011 960,141 DRIVING 668,442

0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Transformation,

Tonnes D.R.C **

*HS Codes : 4001.10 - 4001.29 Source : Department of Statistics, Malaysia ** D.R.C - Dry Rubber Content POWERING Top 10 Natural Rubber Export Destinations, 2014 Growth” 350 331.3

300

250

200

150

('000) Tonnes D.R.C* ('000) Tonnes 100.8 100

50 40.5 38.8 18.5 18.0 14.8 13.0 12.4 9.9 0 China Germany Iran USA Brazil ROK Portugal Turkey Finland France

Source : Department of Statistics, Malaysia * D.R.C - Dry Rubber Content

MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” in ASEAN ASEAN Malaysia Companies Companies MITI Weekly Bulletin / www.miti.gov.my MITI Weekly International Report GDP Growth for Selected Regions and Economies, 2012 - 2016f 11.0

10.0

9.0

8.0

7.0

6.0 % 5.0

4.0

3.0

2.0

1.0 2012 2013 2014 2015f 2016f

Central Asia 5.6 6.6 5.1 3.5 4.5 “ DRIVING East Asia 6.6 6.8 6.6 6.5 6.3 South Asia 5.1 6.5 6.9 7.2 7.6 Southeast Asia 5.8 5.1 4.4 4.9 5.3 Transformation, The Pacific 6.0 4.1 6.1 10.7 4.5 Developing Asia 6.2 6.5 6.3 6.3 6.3 Major industrial economies 1.2 1.2 1.6 2.2 2.4

8.0 POWERING

7.0

6.0 Growth”

5.0 % 4.0

3.0

2.0

1.0

0.0 2012 2013 2014 2015f 2016f Indonesia 6.0 5.6 5.0 5.5 6.0 Malaysia 5.6 4.7 6.0 4.7 5.0 Philippines 6.8 7.2 6.1 6.4 6.3 Singapore 3.4 4.4 2.9 3.0 3.4 Thailand 6.5 2.9 0.7 3.6 4.1 Viet Nam 5.2 5.4 6.0 6.1 6.2

Source : ADB f - forecast

MITI Weekly Bulletin / www.miti.gov.my International Report Inflation Rate for Selected Region and Economies, 2012 - 2016f

11.0 10.0 9.0 8.0 7.0 6.0 % 5.0 4.0 3.0 2.0 1.0 0.0 2012 2013 2014 2015f 2016f

Central Asia 5.1 5.8 5.7 6.7 6.6 “ DRIVING East Asia 2.6 2.4 1.9 1.7 2.2 South Asia 10.1 9.0 7.1 5.1 5.6 Southeast Asia 3.8 4.2 4.1 3.1 3.1 Transformation, The Pacific 4.3 3.4 5.8 5.5 4.1 Developing Asia 4.1 3.8 3.1 2.6 3.0 Major industrial economies 2.0 1.3 1.5 0.7 1.9

10.0 POWERING

9.0

8.0 Growth” 7.0

6.0

% 5.0

4.0

3.0

2.0

1.0

0.0 2012 2013 2014 2015f 2016f Indonesia 4.0 6.4 6.4 5.5 4.0 Malaysia 1.7 2.1 3.1 3.2 2.9 Philippines 3.2 3.0 4.1 2.8 3.3 Singapore 4.6 2.4 1.0 0.2 1.5 Thailand 3.0 2.2 1.9 0.2 2.0 Viet Nam 9.1 6.6 4.1 2.5 4.0

Source : ADB f - forecast MITI Weekly Bulletin / www.miti.gov.my Malaysian Ringgit Exchange Rate with Australian Dollar and Chinese Yuan Renminbi

1 AUD = RM 1 CNY = RM 3.10 0.59 1 CNY = RM 0.57 3.05 0.58 0.57 3.00 0.56 2.95 0.55 2.90 0.54 2.85 0.53 2.80 0.52 1 AUD = RM 2.80 0.51 2.75 0.50 2.70 0.49 2.65 0.48 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2014 2015

Source : Bank Negara, Malaysia Gold Prices, 2 January - 27 March 2015 US$/Gram Gold 43.0 “ DRIVING 42.0

41.0 Transformation, 40.0

39.0 38.4

38.0 POWERING 37.0 37.7

36.0 2 Jan 9 Jan 6 Feb 6 Mar Growth” 16 Jan 23 Jan 30 Jan 13 Feb 20 Feb 27 Feb 13 Mar 20 Mar 27 Mar

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Silver Prices, 2 January - 27 March 2015 US$/Oz Silver 18.5

18.0

17.5 16.9 17.0

16.5

16.0 15.8

15.5

15.0

14.5 2 Jan 9 Jan 6 Feb 6 Mar 16 Jan 23 Jan 30 Jan 13 Feb 20 Feb 27 Feb 13 Mar 20 Mar 27 Mar

Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

MITI Weekly Bulletin / www.miti.gov.my Number and Value of Preferential Certificates of Origin (PCOs) Number of Certificates 1 Feb 2015 8 Feb 2015 15 Feb 2015 22 Feb 2015 1 Mar 2015 8 Mar 2015 15 Mar 2015 22 Mar 2015 AANZFTA 883 663 1,001 467 835 658 805 776 AIFTA 558 559 521 485 467 561 478 651 AJCEP 243 241 254 116 172 154 241 250 ATIGA 4,693 4,081 4,287 2,648 3,695 4,107 4,433 4,562 ACFTA 1,232 793 920 790 1,659 1,454 1,354 1,566 AKFTA 760 665 823 610 643 765 844 889 MICECA 311 307 344 236 278 297 360 355 MNZFTA 13 7 6 2 5 1 7 4 MCFTA 62 56 53 27 56 42 75 57 MAFTA 450 341 481 206 360 259 481 409 MJEPA 972 817 847 608 775 823 812 775 MPCEPA 158 153 130 139 150 173 172 118 GSP 196 104 152 73 170 104 114 139 Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway and Cambodia.

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement MPCEPA: Malaysia-Pakistan Closer Economic Partnership (Implemented since 1 January 2010) Agreement (Implemented since 1 January 2008) ATIGA: ASEAN Trade in Goods Agreement MJEPA: Malaysia-Japan Economic Partnership (Implemented since 1 May 2010) Agreement (Implemented since 13 July 2006) AJCEP: ASEAN-Japan Comprehensive Economic Partnership MICECA: Malaysia-India Comprehensive Economic

(Implemented since 1 February 2009) Cooperation Agreement (Implemented since 1 July 2011) “ DRIVING ACFTA: ASEAN-China Free Trade Agreement MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 July 2003) (Implemented since 1 August 2010) AKFTA: ASEAN-Korea Free Trade Agreement MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 1 July 2006) (Implemented since 25 February 2012) AIFTA: ASEAN-India Free Trade Agreement MAFTA: Malaysia-Australia Free Trade Agreement Transformation, (Implemented since 1 January 2010) (Implemented since 1 January 2013) Value of Preferential Certificates of Origin 350 14,000

300 12,000 POWERING

250 10,000

200 8,000

RM million RM 6,000 150 Growth” RM million RM

100 4,000

50 2,000

0 0 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar AANZFTA 90 87 92 74 89 73 84 319 ATIGA 773 631 11,127 9,861 4,055 596 950 3,154 AIFTA 143 120 240 122 126 136 92 175 ACFTA 562 505 533 165 865 780 916 539 AJCEP 75 104 116 72 55 78 74 101 AKFTA 327 1,064 487 592 1,795 117 127 695

140 800 700 120 600 100 500 80 400 60 RM million RM 300 RM million RM 40 200

20 100

0 0 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar MICECA 43.02 58.35 47.23 40.80 132.78 49.74 44.86 48.01 MJEPA 157 123 133 116 145 131 670 167 MNZFTA 0.52 0.25 0.08 0.02 0.13 0.01 0.06 0.08 MPCEPA 18 41 17 72 19 52 113 38 MCFTA 14.72 7.43 8.30 5.61 9.29 6.00 11.37 23.46 GSP 24 414 43 14 22 75 18 26 MAFTA 40.95 27.65 51.15 25.27 36.27 23.40 42.25 36.51

Source: Ministry of International Trade and Industry, Malaysia MITI Weekly Bulletin / www.miti.gov.my Commodity Prices

Crude Crude Raw Rubber Cocoa Scrap Iron Coal Commodity Petroleum Palm Oil Sugar SMR 20 SMC 2 HMS (per MT) (per bbl) (per MT) (per MT) (per MT) (per MT) (per MT) 27 Mar 2015 270 (high)

48.9 650.5 272.5 1,413.5 2,042.9 58.5

(US$) 250 (low)

unchanged % change* 4.9 0.4 4.0 0.6 3.5 0.2 unchanged

2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

Notes: All figures have been rounded to the nearest decimal point “ DRIVING * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated n.a Not availble Highest and Lowest Prices, 2014/2015 Transformation,

Crude Petroleum Average Domestic

(27 March 2015) POWERING US$48.9 per bbl Prices, 27 Mar 2015 Highest Lowest (US$ per bbl) (US$ per bbl) Growth”

2015 2015 2 Jan 2015: 53.8 13 Mar 2015: 44.8

2014 2014 Billets 13 June 2014: 107.6 26 Dec 2014: 54.6 (per MT) RM1,450 - RM1,500

Crude Palm Oil (27 March 2015) US$650.5 per MT Highest Lowest (US$ per MT) (US$ per MT) Steel Bars 2015 2015 (per MT) 16 Jan 2015: 701.0 6 Feb 2015: 621.0 RM1,850 - RM1,950

2014 2014 14 Mar 2014: 982.5 26 Dec 2014: 664.0

Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

MITI Weekly Bulletin / www.miti.gov.my Commodity Price Trends

Crude Palm Oil Rubber SMR 20 720 1,470

1,453.0 701.0 700 1,450 692.5 690.0 696.1 1,438.0 685.0 689.0 680 682.0 1,430 1,426.5 673.5 1,418.5 1,419.5 1,412.5 1,413.5 660 1,410 1,406.0 1,412.0 US$/mt 650.5 US$/mt 1,405.5 1,396.5 645.0 648.0 640 1,390

1,384.5

620 1,370 621.0

600 1,350

9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar “ DRIVING

Cocoa Black Pepper 2,250 8,500 Transformation, 7,967 8,000 2,200 2,187.8 7,822 7,806 7,894 7,707 7,500 2,150 7,507 7,267 2,124.6 7,286 2,107.8 2,113.7 7,000 2,117.5 6,864

2,100 2,110.4 POWERING 6,469

USD/ tonne USD/ 6,500 2,065.2 US$/mt 2,060.0 6,515 2,050 2,042.9 6,245 6,000 5,740 2,003.9 5,843

2,000 5,779 Growth” 5,500

1,974.8 1,950 1,958.9 5,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2014 2015 1,900 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar * until 20 March 2015

Raw Sugar Crude Petroleum 360 54 52.8 350 345.5 52 51.7 340 335.3 50.8 330.0 49.8 49.6 330 331.3 50 326.8 48.7 48.9 48.4 320 324.3 48.2 48

310 310.8 US$/mt US$/bbl 46.6 46 300 300.5 301.8 45.6 291.0 44.8 290 44 283.8 280 42 270 272.5

260 40 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar

Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

MITI Weekly Bulletin / www.miti.gov.my Commodity Price Trends

Aluminium Copper

2,100 7,500 2,056 2,030 7,291 7,300 7,113 2,000 7,149 7,100 1,990 7,002 1,948 6,891 6,872 1,946 6,900 1,900 1,909 6,713 6,821 6,700 6,737 1,811 1,839 6,674 6,650 1,800 1,815 1,818 6,500 6,446 US$/ tonne US$/ 1,727 tonne US$/ 1,751 6,300 1,700 1,705 1,695 6,100

5,900 1,600 5,831 5,700 5,729

1,500 5,500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2014 2015 2014 2015 “ DRIVING

Nickel Coal 60.0 20,000 19,401 19,118 58.4 58.6 58.5 Transformation, 19,000 58.0 57.7

18,629 18,600 56.9 18,000 18,035 56.1 56.8 56.0 17,000 17,374

15,962 16,000 54.0 POWERING 15,812 53.5

US$/ tonne US$/ 15,807 15,678 US$/mt 15,000 14,849 14,574 52.0 14,000 14,101 14,204 51.6 51.1

51.1 Growth” 13,000 50.0 49.9 12,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 48.0 2014 2015 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar

Scrap Iron Iron Ore 140.0 360

130.0 128.1 340 121.4 330.0 120.0 320.0 320.0 320.0 320.0 320.0 320.0 114.6 320 320.0 110.0 111.8 100.6 300 100.0 300.0 300.0 300.0 300.0 300.0 300.0 96.1 92.6 280.0

US$/mt 280.0 280 US$/dmtu 90.0 92.7 270.0 270.0 81.0 260.0 80.0 82.4 260 74.0

70.0 68.0 250.0250.0 250.0 250.0 63.0 240 68.0 Scrap Iron/MT (High) 240.0 60.0 Scrap Iron/MT(Low) 220 50.0 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 6 Feb 13 Feb 27 Feb 13 Mar 27 Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2014 2015

MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” completed over 150 projects in 10 150 projects over completed countries. : +603 6091 2575 Tel : +603 6091 2577 Fax : [email protected] Email North Chennai power plant project, project, plant power Chennai North the Chhatrapati 1 of Phase with along Airport South – International Shivaji Consistency in Mumbai. Pier West key the two were perseverance and growth Eversendai’s for ingredients later, years Three establishment. and into converted finally was the Group and company limited a public Eversendai name, current carries its Berhad. Last year, Corporation RM1 billion its hit Eversendai achieved Having mark. over turn the milestone, a significant such to hard working now is Group the next within RM2 billion achieve Understanding (2017). years five and creativity of the importance today, business in diversification new into venturing now is Eversendai the company’s to relating components will be that areas Some business. core and oil fabrication, include explored execution petrochemicalsgas, and high- for structures composite of has Eversendai date, risetowers.To As expected, the project was deemed was expected, the project As all surpassing success, a tremendous that this success was It expectations. a specialist in this the Group made expertise.Eversendai particular of area the – in 2009, there stop did not operations business expanded group on took and even further India to the erecting of project the daunting Contact Us Rawang Integrated Industrial Park, Park, Industrial Integrated Rawang 48000 Rawang, Darul Malaysia. Ehsan, Selangor Lot 19956, Jalan Industri 3/6, Industri 19956, Jalan Lot Eversendai continued its expansion expansion its continued Eversendai power and fabrication include to steadily Group The works. installation plant high- with synonymous becoming was In the in industry. construction quality in involved was 2000, the Group the mechanical of the erection the Jana for structural works and plant coal-fired power Manjung a invested Eversendai in Malaysia. in effort and of time amount significant specific of development and the research this project. for requirements skills and to deliver the best for all of its projects, projects, its all of the best for deliver to may size it or the magnitude of regardless average above in be. consistency This been has deliverance assured quality pool. retainer client a large for responsible everyone happy. a goodis do and job “We word and positioning, branding, all about It’s look for to have do not We mouth. of for bid to us invite – clients projects to detail, attention our seeing jobs after commitment,” and workmanship smile. a humble with says Nathan challenges, setbacks and Despite projects in West Asian locations such such locations Asian in West projects Arab (the United Dhabi Abu Dubai, as Qatar. and Arabia Saudi Emirates), in the milestone a key 1996 marked a full-fledged set up the Group as business enhance to department engineering clients. for proposition theirvalue Chennai ConstructionPvt Ltd, Eversendai and the designing of a majority handles services their global clients. draughting for delivering when relentless is Group The the above well clients to promises strives Eversendai expectation levels. Burj Al-Arab and Burj Khalifa, Eversendai has has Burj Khalifa, and Eversendai Burj Al-Arab landmark key undertake to many continued Success Story Success Eversendai Corporation Berhad Corporation Eversendai subsidiary, Eversendai Engineering LLC (Dubai, (Dubai, LLC Engineering Eversendai subsidiary, the building Since Emirates). Arab the United Hard work and consistency paid off when off paid consistency and work Hard the West into entrance its made Eversendai its through later years three market Asian Through this company, a strategic focus was strategic a company, this Through placedspecifically fabrication engineering, on and mechanical of erection design and services. core the company’s as structuralwork business. His wise decisions and visionary and wise decisions His business. Shin of in the incorporation thinking resulted (M) Sdn in 1993. Engineering Bhd Eversendai Never a man to shy away from challenges challenges from away shy to man a Never to quick was Nathan heights, greater and the expanding focuslearn on the trade and Power Station (Stage 2), the amphitheater for for 2), the amphitheater (Stage Station Power Republic the 66-storey and Park, Bird Jurong elaborated. Nathan a few,” name to Plaza, “This was the first of many projects in many of “This first was the successful completion the After Singapore. Seraya the Pulau contracted were this, we of many future success stories for Eversendai; Eversendai; for stories success future many secure to a contract managed the company structural of erection and the fabrication for Stadium. Indoor the Singapore for work steel In 1988, a key decision was made as the company the company as made was decision 1988, a key In This market. the Singaporean into ventured to door the opened first that event an was THE STEEL EMPIRE’S JOURNEY JOURNEY EMPIRE’S THE STEEL GROWTH UNPARALLELED OF has placed Malaysia on a high pedestal on placed Malaysia has internationally- other many alongside in the industry. names acclaimed the visionary leadership and guidance of its its of guidance and the visionary leadership Director, Managing Group and Chairman Corporation Eversendai AK Nathan, Dato’ presence in Asia, Eversendai continues to to continues Eversendai Asia, in presence with storm by world take the construction Under success. of milestones each turning more under its wing, this corporation is now now is this wing, corporation its under more names reliable trusted and the most of one than more With in the global industry. steel a strong with payroll its on 10,000 employees Towers, the new Doha International Airport, the new International Doha Towers, in Singapore, Plaza Republic the Burj-Al-Arab, many and Arabia in Saudi Centre Kingdom Corporation has created a new benchmark for for a new benchmark created has Corporation projects mega industry.With the construction Twin the Petronas 2 of Tower the iconic as such the years. From its humble beginnings as humble its From the years. Design a world-class to a small company Eversendai Contractor, Turnkey Build and Berhad needs no introduction, as it has has it as Berhad introduction, needs no feet the with its industry the steel off swept over achieved accomplishments and feats Established in 1984, Eversendai Corporation Corporation in 1984, Eversendai Established “DRIVING Transformation, POWERING Growth”

1 May-31 October 2015 . Milano . Italy . 2015 . Milano . Italy 1 May-31 October

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Program CSR MITI & MATRADE POWERING

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MITI Weekly Bulletin / www.miti.gov.my Name : Nurliyana Hazwani Abd Rahman Designation : Administrative Assistant “ Job Description : Responsible for DRIVING managing online vehicle booking system

Division : Administrative Unit, Transformation, Management Services, MITI Contact No : 03 - 62000069 Emel : [email protected] POWERING

Name : Syaheed Shaharani Daud

Shahrani Growth” Designation : Accountant Assistant Job Description : Responsible for managing the store section Division : Account Unit, Management Services, MITI Contact No : 03 - 62000095 Emel : [email protected]

“ What is t his life if, full of care, We have no t ime t o st and and st are” Extract from the poem ‘Leisure’ by William Henry Davies (1871-1940) American poet and writ er Comments & Suggestions Dear Readers, Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

MITI Weekly Bulletin / www.miti.gov.my