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2011) KDN No: PP 16894/06/2011(029867) CORPORATE NEWSLETTER of BINA PURI GROUP of COMPANIES

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2011) KDN No: PP 16894/06/2011(029867) CORPORATE NEWSLETTER of BINA PURI GROUP of COMPANIES BULLETIN Vol 31 (JANUARY 2011) KDN No: PP 16894/06/2011(029867) CORPORATE NEWSLETTER OF BINA PURI GROUP OF COMPANIES 2011 A BRIGHT STARTSTART FOR BINA PURI News Highlights continue to page 25 Editorial GROUP MANAGING DIRECTOR’S MESSAGE The Year 2010 occasion with performances from the Brunei and Group, we give plenty of both, but it is up to the 2010 was a momentous year in that we achieved Sabah Team. Overall, except for some minor next and younger batch to take the initiative record turnover, secured record new projects in hiccups, our celebration was a most successful given by working faster and be more reactive, excess of over RM2billion and at the same time occasion with guests from Brunei, Thailand, with objectives being met . If not, the opportunity celebrated our 35th Anniversary. Pakistan, Indonesia, India and all across will just pass you by. Malaysia. The Group spent a huge amount of The Group is looking to hit turnover in excess of resources for the celebration but it was all worth In every project, there are 101 reasons, leakages RM1.2 Billion, and increase of more than 50%, it. We look forward to a bigger and better and problems why a project is delayed and while looking at a minimum net profit increase celebration in 5 years time!! cannot be implemented on time, whether it is due of more than 70% as compared to 2009. to problems stemming from the weather, Transformation of Bina Puri Group financial, personnel from within or outside the As our country is embarking on the Economic team, regulatory issues or so on. But we cannot Transformation Plan under our Prime Minister, be listening to all these reasons day-in-day-out. Bina Puri too will be undergoing similar Take pro-active measures to clear the issues and transformation starting with the change of our barriers, don’t be a story teller of the difficulties logo after 35 years. This signifies that nothing is faced and be happy with it. Work Fast and Smart, forever. The Group must be ready to embrace Ensure Datelines are Met! I always mention that changes to new challenges and environment to we must work fast and smart like the stay relevant in the industry which we operate in. Singaporeans and Hong Kong-ers. By their Change and improvisation is crucial for survival. standards, the pace at which we work is The new logo also encourages us to be more considered too “relaxed” for them. Emails are not vibrant while scaling new heights. responded within the same day, datelines given are not met yet we still leave for home early, As well as image and branding, we have also documents are processed within a few days ventured into the power sector via our instead of the day itself and many other investment of three units of 2MW power plants examples, often with the excuse that they are in Indonesia. We believe this sector is lucrative in carrying too much workload. But at the same that it provides us with recurring income. It also time, we ask for better pay and bigger bonus! allows us to tap into a new frontier with Remember, with high pay comes high Indonesia experiencing phenomenal growth in productivity with improved quality of work. their economy. I hope with the new year, everybody can take it upon themselves to eradicate all red tapes and Our rental sharing venture with Chha Yong excuses of 2010 and try to be 100% more Association is also another form of ventureship efficient. With the KPIs in place, we hope that Our achievements during the year can be that provides fixed recurring rental income to the improvement will be seen. reflected by the Group’s share price, reaching its Group. It is the reputation and goodwill highest since 2004. generated from the Group in that the “Hakka Integration for Interests within the Clan” is willing to co-operate with us. Group We secured two landmark projects in the country As we are doing business cross borders beyond with the New KLIA and the Ampang LRT Our venture into the hospitality sector in Brunei Malaysia’s shores, the Group must make the extension. These two projects have raised the via the privatisation of the 3 blocks of Apartment effort to first “cross border” within the Group’s profile of the Group in Malaysia. Delivery and from Brunei Economic Development Board in Departments, Subsidiaries and Member implementation of these two projects are crucial Bandar Sri Begawan is another example of the Companies. I have stressed time and again that as all eyes will be on us. I believe the team under Group’s transformation plan into new sectors. the interest of the Group must come first above the stewardship of Y.Bhg Datuk Henry Tee can This was the general view of a Senior anything else but until today, I do not see the achieve the objectives and project delivery set Management meeting and survey conducted by efforts and priority made to synergise benefits for out. the Group sometime during 2010. (Please refer member companies within the Group. page 3 for the chart.) 35th Anniversary Celebration For example, do we promote and market our On the Anniversary, I would like to congratulate To Make Things Happen products at Maskimi Polyol to our clients? Or do the committee members and staff who Commitment, passion and ownership is very you attempt to offer similar staff within your contributed towards making our celebration in important in ensuring that projects are carried department to other divisions/subsidiaries who Kuala Lumpur and Kota Kinabalu a most joyous out successfully. One person who carries these face the vacuum knowing that your department occasion indeed. In organising our celebration, traits within our Group is Mr Lim Bok Tay, our could still manage or can find similar staff as a I saw teamwork and togetherness that COO of Operations. He carries the interests and replacement? I believe none in our Group have exemplifies the true spirit of Bina Puri culture.We burden of the Group as a personal challenge and done that so far. It is always the Senior even had the senior management getting will find every means to accomplish the tasks and Management who push for the involved starting from our very own Founder objective given. He is always looking to tell me transfer/secondment. This is not a healthy Director, Dr Tony Tan who serenaded us with his “Tan Sri, don’t worry I will take care for you”.And attitude in that by being selfish, you could ballads and our East Malaysian COO, John Chung most of the time, it is resolved. actually be inhabiting the growth and potential being involved in the musical which contributed of your staff. And when staff are released to to the song “ONE Bina Puri”. But after so many years, who and where are the other companies/departments, in most cases it is new “Lim Bok Tay’s”? We must make sure because the staff is an underperforming staff Special mention must go to the Kota Kinabalu adequate training and opportunities are given in which nobody wants. I hope for improvement in celebration which made it a very personable grooming the next batch to takeover. In the this area. Message What is in Store for 2011? We hope that the property sector will contribute as in 2010, due to timing and planning, there was almost no contribution from this sector.The Property Team must work fast and diligently to implement and rush out the launching for Kiara 30, Straits Residence and Medini in Johor, Jesselton Villa in Kota Kinabalu and Puchong Development. With total GDV in excess of RM700million, if we can be creative in selling our products over the next three years, the potential earnings to the Group would be substantial. Our LATAR Highway is on target to be ready by April 2011 with toll collection to commence in June 2011. After close to 14 years, we have finally realised this long awaited project. The construction sector is one of the most exciting and talked about sector right now in that the ETP promoted by our Prime Minister means that construction will be one of the major beneficiary. All the catalytic projects requires When we closed 2009 securing close to RM1.6 "As we draw towards Chinese New Year, I would construction and with this, Bina Puri will billion new projects, I challenged the team to do like to wish all those celebrating it "Gong Xi Fa definitely be involved in one way or another. better in 2010 even though we had a high base Chai"!! May the prosperity we go through to work with. But not only did we match 2009, during the festive season be extended to the Saudi Arabia could turn out to be the next we exceeded expectations by almost 30%.As we Group in the coming year ! growth sector for construction within the Group. embark on 2011, we hope that it will be an We had secured close to RM20million in new equally eventful year.As always, with hard work, projects in 2010 and we hope to hit bigger perseverance and adopting the spirit of “Making Senator Tan Sri Datuk Tee Hock Seng, JP projects within that region. Things Happen”, I believe Bina Puri can thrive Group Managing Director and make headlines once again! BULLETIN BOARD ADVISOR SABAH/SARAWAK OFFICE Low Yoke Lan PUBLISHED BY: YB Senator Tan Sri Patricia Pereira Wyman Seng Bina Puri Holdings Bhd, 88, Datuk Tee Hock Seng, JP Yap Siew Lai Wisma Bina Puri, Jalan Bukit THAILAND Anne Tan Idaman 8/1 Selayang, Selangor EDITORIAL BOARD Simaporn Sumklang Darul Ehsan CHAIRMAN SUPPORTING WRITERS Tel: 603-6136 3333 Matthew Tee Kai Woon HUMAN RESOURCES Siti Zaharah Madlan Fax: 603-6136 9999 DEPARTMENT Suraya Mat Arif Email: [email protected] CHIEF EDITOR Elaine Keh Kannika Wong Website: Surati Sujor Joanne Ng Cheah See See www.binapuri.com.my Jane Lee Ir.
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