PP 8307/12/2012(032066) Vol 2 June 2016

Prime Minister of , Dato Sri Mohd Najib being greeted by ASLI Chairman, Tan Sri Dr. Jeffrey Cheah and ASLI Director, Tan Sri Razman Hashim.

Prime Minister of Malaysia, Dato Sri Mohd Najib being presented with a portrait of his father, the 2nd Prime Minister of Malaysia, Tan Sri Dr. Michael Yeoh, ASLI CEO with Managing Director Tun Abdul Razak by Tan Sri Abdul Halim Ali. Looking on are Dato Nizam Razak, Tun Ahmad Sarji and Tan Sri Dr. Michael Yeoh. of International Monetary Fund (IMF), Ms. Christine Lagarde

Prime Minister of Malaysia, Dato Sri Mohd Najib with ASLI CEO, Tan Sri Dr. Michael Yeoh Deputy Prime Minister Dato Seri Zahid Hamidi with Tan Sri Dr. Michael Yeoh

Tan Sri Dr. Jeffrey Cheah, ASLI Chairman welcoming former Prime Tan Sri Dr. Michael Yeoh, ASLI CEO and Mr. Max Say, ASLI Senior Vice President greeting the Chairman of Minister of Malaysia Tun . Russia’s Upper House of Parliament whilst Dr. Sautov, Chairman of the Russia Business Council looks on. NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE THE LEGACY OF LEADERSHIP Commemorative Seminar on 2nd Tun Abdul Razak > 14 January 2016

The Prime Minister of Malaysia, Dato Sri Mohd Najid launching the book on the 2nd Prime Minister Tun ASLI Chairman, Tan Sri Dr. Jeffrey Cheah greeting the Prime Minister Abdul Razak with PNB Chairman, Tun Ahmad Sarji at the Seminar. Looking on are Tan Sri Dr. Michael of Malaysia Dato Sri Mohd Najib on his arrival. Yeoh, Tan Sri Abdul Halim Ali and Dato Nizam Razak.

Prime Minister Dato Sri Mohd Najib viewing the photographic exhibition on Tun Abdul Prime Minister Dato Sri Mohd Najib having a word with Chief Secretary to the Government Tan Sri Razak accompanied by ASLI CEO, Tan Sri Dr. Michael Yeoh and Dr. Ali Hamsa, PNB Chairman Tun Ahmad Sarji, ASLI CEO Tan Sri Dr. Michael, LTAT CEO Tan Sri Minister of Communications & Multimedia, Datuk Seri Salleh Said Keruak. Lodin Wok Kamaruddin and MBSB Chairman & Yayasan Cemerlang Tan Sri Abdul Halim Ali.

Tun Abdul Razak has become one of the most respected and recognized leaders in the Malaysian history. He is widely recognized for his integrity, unity, frugality and tolerance. and their considerable effects on his leadership and the success of charting the way forward for modern Malaysia. Yet, surprisingly little deep analysis of Tun Abdul Razak’s leadership exists today. It is in this context, Yayasan Cemerlang in collaboration with the Asian Strategy and Leadership Institute (ASLI) organised a special commemorative seminar entitled “Legacy of Leadership of Tun Abdul Razak, Prime Minister of Malaysia, 1970-1976. The event was held on 14 January, 2016 at the Royale Chulan Hotel in with a launching of a book entitled “ My Recollections of Tun Abdul Razak” authored by Tun Ahmad Sarji. In conjunction with the 40th Anniversary of the passing of Tun Abdul Razak, this seminar was held with an aim to appreciate the significant contributions of Tun Abdul Razak as both a person and national leader. The Seminar also aspires to shed light on the leadership of Tun Abdul Razak. The event was attended by more than 250 delegates widely represented by key leaders from the public and private sectors, members of diplomatic corps, the UN, civil societies and the academia. The keynote address at the seminar was delivered by YAB Dato’ Sri Mohd Najib Tun Abdul Razak, Prime Minister of Malaysia. YAB Dato’ Sri Mohd Najib said this seminar is particularly meaningful to him, as it marks the 40th year of his father‘s passing. Tun Razak’s passing in some way is parallel to his own involvement in politics for the past 40 years. With the passing of his father, he was ready to step into his shoes and began his involvement in politics. YAB Dato’ Sri Mohd Najib went on to share that in 1969, after the dark events of May 13th, Tun Razak became the Director of the National Operations Council with unprecedented powers. Many others in that situation would have held onto those powers. Indeed, his actions went against the grain of many leaders in the world and this region at the time. “But Tun Razak was a great democrat. He never wanted to use the powers he wielded – in fact he seemed fearful of them – and as soon as he could, he sought to relinquish them. By 1971, peace and order had been restored in the country and Tun Razak willingly re-established parliamentary rule. That was a remarkably swift turnaround. It saved Malaysia, and it saved Malaysian democracy from the fate that many other developing countries endured”, said YAB Dato’ Sri Mohd Najib.

Tan Sri Abdul Halim Ali, Dato Nizam Razak, Tun Abdullah Ahmad Badawi, Tan Sri Dr. Michael Tengku Tan Sri Ahmad Rithauddeen, Tan Sri Lodin Wok Kamaruddin, Dato Seri Nazir Yeoh, Tun Mohamad Khalil Yaakob and General Tan Sri Mohd Azumi at the seminar. Razak, Tun Hanif Omar, Ms. Tan Lei Cheng and Datin Kalsom Taib.

2 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE

Commemorative Seminar on Tun Abdul Razak > 14 January 2016

ASLI CEO, Tan Sri Dr. Michael Yeoh greeting the Minister Prime Minister of Malaysia, YAB Dato Sri Mohd Najib and Governor, Tun of Defence, Dato Seri Hishammuddin Tun Hussein whilst Mohamad Khalil Yaakob touring the photographic exhibition whilst Tan Sri Dr. Jeffrey Tan Sri Abdul Halim Ali looks on. Cheah and Tan Sri Dr. Michael Yeoh look on.

The Tan Sri speaker: Tan Sri Rama Jyer, Tan Sri Ramon Navaratnam, Tan Sri Prof Khoo Kay Kim, Tan Sri Halim Ali.

Puan Sri Fauzah, Tengku Tan Sri Ahmad Rithauddeen, IGP Tan Sri Khalid Abu Bakar and ASLI CEO Tan Sri Dr. Michael Yeoh greeting the Chief Secretary to the Government Chief Secretary to the Government Tan Sri Dr. Ali Hamsa at the Forum. Tan Sri Dr. Ali Hamsa whilst Tan Sri Abdul Halim Ali looks on.

ASLI COO Ms. Ng Yeen Seen presenting a memento to Tan Sri Rafidah Aziz whilst The Tan Sri’s Panel: Tan Sri Rama Iyer, Tan Sri Ramon Navaratnam, Tun Abdullah Badawi and Tan Sri Amar Leo Moggie look on. Tan Sri Dr. Lin See Yan, Tan Sri Prof Khoo Kay Kim, Tan Sri Abdul Halim Ali.

YB Dato’ Seri Hishammuddin Tun Hussein, Minister of Defence delivered an opening had Tun lived for another 20-30 years”?. Nevertheless, he said that Tun Abdul Razak address. YB Dato Seri’ Hishamuddin said that although he is a nephew of Tun Razak, had served the nation well. “And as many speakers today will share their he belongs to all . In his own words, Dato’Seri Hishamuddin said: “ Tun reminiscences on Tun and his contribution, it will suffice for me to pay tribute to Tun Razak was more than just our second Prime Minister”. He was more than just a hero of Razak as the Father of Development, the Father of ASEAN and the Father of Unity”, our struggle for independence and nation-building. He was more than just a wise and remarked Tan Sri Dr. Michael Yeoh. He further said, Tun Razak’s legacy in rural great leader of our country. The many great things that Tun Razak achieved are development has charted the course for the upliftment of the rural population. His well-documented. He gave us the New Economic Policy (NEP), which eradicated commitment to development had rightfully earned him the epitaph of being poverty irrespective of race and restructured Malaysia’s economy. Many of the recognised as the Father of Development. It is also rightfully to address Tun Razak national institutions that we take for granted today were founded under his watch: as the Father of ASEAN as he was one of the 5 ASEAN statesmen who had signed FELDA, FELCRA, Tabung Haji, MARA, PETRONAS, SIRIM and MAS. These were just a the declaration to establish ASEAN. few of sources of national pride and development that he gave us. He introduced dynamic education policies and left behind several profound legacies, most notably Throughout the seminar, Tun Abdul Razak was remembered as an inspiring humble expanding access to secondary and tertiary education. What he was and what I hope leader of modern Malaysia. He was a conviction statesman whose life testimony is history will remember him for is the exemplar of being a Malaysian. characterful and eminently quotable by his compatriots and contemporaries. He had made significant contribution in promoting national unity, good governance, Tan Sri Abdul Halim Ali, Chairman of Yaysan Cemerlang in his welcoming speech noted democracy and integrity. the importance of recording the oral history of Tun Abdul Razak’s leadership. It is viewed as a process that will produce a comprehensive strategic document, which will Among the national leaders who attended and shared their reflections of Tun Abdul serve as a critical step to strengthen Malaysia’s development. It is precisely what takes Razak were Tan Sri Dato’ Seri Mohamed Jawhar Hassan, Chairman of the New place in this event that will enable Tun Abdul Razak’s contemporaries to share their Straits Times Press; Tan Sri Rafidah Aziz, Former Minister of International Trade & re-collection of stories and moments journeyed with Tun Abdul Razak. The lessons Industry; Tan Sri Abdullah Ahmad, Former Political Secretary to Tun Abdul Razak and learned during Tun’s time as Malaysia's leader are as relevant as ever and should be Former Deputy Minister; Tan Sri Rama Iyar, Former Chairman of Malaysia Airlines; applied today, Tan Sri Abdul Halim Ali urged. He also hoped that the commemoration Tan Sri Datuk Amar Leo Moggie, Chairman of Tenaga Nasional and Former Minister ceremony would leave all those in attendance with a deep appreciation of who the of Energy, Communications & Multimedia; Tun Hanif Omar, President of Malaysian man was as both a person and national leader. In closing, Tan Sri Halim spoke of how Institute of Management, Former Inspector General of Police and Former ADC to Tun Yayasan Cemerlang is inspired by the ideals of Tun Abdul Razak. Abdul Razak; Tan Sri Dato’ Dr Lin See Yan, Former Deputy Governor of Bank Negara; Tengku Tan Sri Ahmad Rithauddeen, Former Minister of Defence, Foreign Affairs & Tan Sri Dr. Michael Yeoh, CEO of ASLI hopes this seminar will shed more light on the Information and Tan Sri Michael Chen, Former Parliamentary Secretary to Tun Abdul Razak legacy and the role and contributions of Tun Razak in his short premiership prior Razak. to his passing at the age of 53. He went on to ask “what the Razak legacy would be

3 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE

ASLI HOSTS CHAIRPERSON OF RUSSIAN PARLIAMENT H.E. MRS. VALENTINA I. MATVIENKO > 15 MARCH 2016

Mr. Max Say, Tan Sri Dr. Michael Yeoh, Russian Parliament Chairman H.E Mrs. Valentina Matvienko Then President of the Senate Tan Sri ; Russia Parliament and Dr. Vladimir Sautov, Chairman of Business Council for Cooperation with Malaysia. Chairperson, H.E. Mrs. Valentina Matrienko and Minister II of International Trade and Industry Dato Seri at the Luncheon whilst Tan Sri Dr. Michael Yeoh delivering the welcoming speech. Interactive Meeting and Business Luncheon on the occasion of the Official Visit of HE Mrs Valentina I. Matvienko Chairperson of the Council of Federation of the Federal Assembly of the Russian Federation

The Asian Strategy & Leadership Institute (ASLI), Business Council for Cooperation with Malaysia and Embassy of the Russian Federation in Malaysia co-organised the Interactive Meeting and Business Luncheon with HE Mrs Valentina I. Matvienko, Chairperson of the Council of Federation of the Federal Assembly of the Russian Federation on 15th March 2016 at the Mandarin Oriental in Kuala Lumpur.

It was well attended by 80 Malaysians and Russians. Amongst the Malaysians present were YB Dato’ Seri Ong Ka Chuan, Minister II of International Trade and Industry; YB Tan Sri Abu Zahar Ujang, then President of the Senate of Malaysia; Tan Sri Tony Fernandes, Group CEO of AirAsia; Tan Sri Tiong Hiew King, Chairman of Rimbunan Hijau Group; Tan Sri Dr. Michael Yeoh, CEO and Director of Asian Strategy & Leadership Institute; Tan Sri Rastam Isa, Chairman of the Institute of Strategic and International Studies Malaysia; Tan Sri Dr Abu Bakar Suleiman, Vice-Chancellor and President of International Medical University and Mr Zaim Mohzani, Founder and Principal of Nation Building School. HE Valery Yermolov, Ambassador of the Russian Signing of MoU between ASLI and Russia Business Council witnessed by the Russian Federation to Malaysia and Dr Vladimir Sautov, Chairman of the Business Council for Ambassador, Russia Parliament Chairperson, then Senate President and MITI Minister II. Cooperation with Malaysia were part of the Russian delegation.

In her speech, HE Mrs Matvienko shared that Russia is working to expand trade partnerships. Part of the efforts included modernising railways and diversifying into areas of high technology and peaceful use of nuclear power. She strongly believed that there is great potential to boost trade and investment cooperation between Russia and Malaysia. She further stated that “Investing in Russia is investing in the future.” She also expressed delight to witness the signing of a Memorandum of Understanding between Asian Strategy & Leadership Institute and Business Council for Cooperation with Malaysia to re-establish the Malaysia-Russia Business Council and its counterpart the Russia-Malaysia Business Council, and assured both organisations of the support from the Russian government for the business community.

The Malaysia-Russia Business Council will be co-chaired by Tan Sri Dr. Michael Yeoh and Professor Datuk Seri Dr Md Zabid Abdul Rashid, President and Vice Chancellor of Universiti Tun Abdul Razak while the Russia-Malaysia Business Council will be chaired by Dr Vladimir Sautov. The main priorities for both councils would be to MATRADE CEO Dato' Dzulkifli Mahmud, Professor Datuk Seri Dr. Md. Zabid, H.E. Valentina, promote investment, trade and commerce, science and technology, information Tan Sri Tony Fernandes, Tan Sri Dr. Michael Yeoh and Mr. Max Say. exchange and culture.

Tan Sri Eddy Chen, Ms Jean Wong, Tan Sri Tony Fernandes, Tan Sri Eddy Chen, Tan Sri Wong Foon Meng, Dato Seri Ong Ka Chuan, Tan Sri Dr. Michael Yeoh, Tan Sri Ramon Navaratnam, Tan Sri Jawhar Hassan, Tan Sri Ahmad Fuzi Dato Seri Desmond To, Mr. Max Say and Ms. Ekaterina at the luncheon.

4 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE ASLI PARTICIPATES IN GLOBAL FOUNDATION ROUNDTABLE IN ROME THE GLOBAL FOUNDATION’S ROME ROUNDTABLE > 17-18 JANUARY 2016

Tan Sri Dr. Michael Yeoh with Secretary General of British Tan Sri Dr. Michael Yeoh being greeted IMF Managing Director Christine Lagarde The Vatican’s Secretary of State Cardinal Commonwealth, Baroness Patricia Scotland of Asthal by the Vatican’s Secretary of State addressing the Rountable. The Vatican’s prefect Parolin delivering the keynote address. Cardinal Parolin. for the Economy Cardinal Pell looks on.

Tan Sri Dr. Michael Yeoh speaking during one of the sessions. ASLI Programme Director, Elaine Kok with IMF Tan Sri Dr. Michael Yeoh with the Anglican Primate of Australia and Managing Director Christine Lagarde. of Melbourne Philip Frier.

Tan Sri Dr. Michael Yeoh participated in The Global Foundation’s Rome Roundtable The roundtable focused on discussing human-centred strategies to address the centred on the theme of “Rejecting the ‘globalisation of indifference’ ~ mobilising for a challenges of economic governance and revolved around the three central pillars of more inclusive and sustainable economy” on 17 and 18 January 2016 in his capacity as (1) improving governance and reducing corruption, (2) empowering women and CEO of ASLI and Chairman of the World Chinese Economic Summit. youth, and (3) eradicating forced labour/slavery in the global supply chains.

It was inspired by Pope Francis’ call to reject the globalisation of indifference, and Tan Sri Dr. Michael Yeoh proposed 13 measures/specific actions to bring about a brought together 66 people from faith, business, international institution, academia new paradigm which included strengthening partnerships among governments, and civil society backgrounds. Some prominent participants were His Eminence businesses, civil societies and faith groups; giving greater voice to developing Cardinal Pietro Parolin, Vatican Secretary of State; His Eminence Cardinal George Pell, economies; placing more emphasis on the 5Es of education, employment, Prefect of the Secretariat for the Economy of The Vatican; Mr Dominic Barton, environment, energy and ethics as well as the 3Is of investment, innovation and Managing Director of McKinsey & Company; Mr Jerome Bedier, Deputy CEO and infrastructure; linking economic reform to educational and governance reform; Secretary-General of Carrefour; Baroness Patricia Scotland of Asthal, scaling up the war against corruption; and continuing the global conversations. Secretary-General of British Commonwealth; The Honourable Christine Lagarde, Managing Director of International Monetary Fund; Dr Mari Pangestu, Professor of The roundtable ended with concordant commitment to action on the part of all Economics at the University of Indonesia; Sir Partha Dasgupta and Frank Ramsey participants, who accepted the responsibility to become agents of change to spin Professor Emeritus of Economics from the University of Cambridge; Ms Maurizia out action and carry on related conversations with a wider circle of interested Iachino, President of Oxfam Italia and Mr Steve Howard, Secretary-General of The parties. Global Foundation. Amongst the observers invited to join selected discussions was Ms Elaine Kok, Business Council Secretariat and Programme Director of ASLI. PM APPOINTS ASLI CHAIRMAN TO GLOBAL SCIENCE & INNOVATION ADVISORY COUNCIL

Prime Minister of Malaysia Dato Sri Mohd. Najib chairing the Global Science & Innovation Tan Sri Dr. Jeffrey Cheah making a presentation at the GSIAC meeting. On his left is Minister of Advisory Council meeting in London. ASLI Chairman, Tan Sri Dr. Jeffrey Cheah is on far left. Environment & Natural Resources, Dato

5 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE THE 20th MALAYSIAN EDUCATION SUMMIT “Education : Creating Value, Building Societies” > 14-15 APRIL 2016

Tan Sri Dr. Michael Yeoh with the new Commonwealth Secretary General Boroness Patricia Scotland

Minister of Higher Education YB Dato’ Seri “Soaring Upwards” with ASLI Chairman Tan Sri Dr. Jeffrey Cheah, ASLI CEO Tan Sri Dr. Michael Yeoh and the sponsors.

ASLI Chairman Tan Sri Dr. Jeffrey Cheah having a light chat with YB Dato’ Seri Idris Jusoh. Minister of Higher Education YB Dato’ Seri Idris Jusoh arriving at the Summit with ASLI Chairman Tan Sri Dr. Jeffrey Cheah and ASLI CEO Tan Sri Dr. Michael Yeoh. ASLI organised its 20th Malaysian Education Summit at Sunway Resort Hotel & Spa on Society or Producing a Learning Society?”. The session discussed Malaysia’s 14th -15th April 2016 with the theme “Education: Creating Value, Building Societies”. preparedness for the 4th Industrial Revolution- a digital revolution, where there is strong need to equip graduates to deal with the modern economy. The panel called Tan Sri Dr. Jeffrey Cheah, Chairman of the Asian Strategy & Leadership Institute (ASLI) for curriculum reforms to include the promotion of thinking and skills through more and Chairman and Founder of Sunway Group, delivered the welcoming remarks, where emphasis on liberal arts so to promote inter-disciplinary subjects. Education also he urged the government to encourage tertiary education by providing incentives needs to be inclusive and comprehensive of all members of society. Efforts by the through a more liberal tax measures or to incentivise public universities so to encourage all public and private universities must be seen as an overall national endeavour and them to provide more scholarships for training and research. not be compartmentalised between the top tier and lower ranking universities. The panel also found that the problem is not with policy, but often an issue of Minister of Higher Education, YB Dato' Seri Idris Jusoh, delivered the keynote address implementation. To accomplish this, a bigger data set is needed to allow analysis and pleased to report the English proficiency at college level (MUET) has improved by and informed decision making for much needed reforms. 27.8% over past year. He also announced an entrepreneurial “2U+2I” programme, denoting 2 years in university and 2 years in industry, has been launched in several In the Vice Chancellors Rountable, the topic of “Becoming a University of Choice – public universities. YB Dato' Seri Idris remarked that the Ministry aims to promote future Key Issues & Strategic Challenges” was deliberated. The panel agreed for the need students who are not only multi-disciplinary and multi-lingual, but who are also to create a flexible learning environment to attract a diverse variety of students value-driven. The Minister also encourages delegates to use the “Soaring Upwards” which will in turn create global visibility, a place for employability and gesture, as a recognised symbol of Malaysia’s aspiration to excel. entrepreneurship. The panel cautioned that a balance must be found between the academic and business obligations of the university. Marketing and profiling is also In the special panel entitled “What is the Purpose of Education? Producing a Literate required as students are behaving more like consumers in higher education. Students have many choices, and are driven by brand and rankings.

Dato’ Seri Idris Jusoh presents a sponsor memento to Mr. Kuna Distinguished Panel on “21st Century Technology in Education. Founder & Group Executive Chairman of Silverlake Group Mr. Senathirajah, Managing Director of QI Services (M) Sdn Bhd, Beyond the Four-walls: Teacher’s Technology Literacy Misplaced?”: Goh Peng Ooi delivering his remarks and Vice Chancellor and whilst ASLI Chairman Tan Sri Dr. Jeffrey Cheah and aSLI CEO Mr. Nik Ariff Nik Omar from Microsoft Malaysia, Dato’ Saifuddin President of UCSI University Senior Professor Dato’ Dr Khalid Tan Sri Dr. Michael Yeoh look on. Abdullah and Mr. Zaheer Merchant from QI Group. Yusoff at the session on “Selling Your Soul or Commercialising Research?”. 6 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE The 20th Malaysian Education Summit

Tan Sri Ramon Navaratnam moderating at “SPECIAL PANEL:” What is the Purpose Group photograph with the sponsors : ASLI Chairman Tan Sri Dr. Jeffrey Cheah, of Education? Producing a Literate Society or Producing a Learning Society?” with ASLICEO Tan Sri Dr. Michael Yeoh, ASLI Director Tan Sri Ramon Navaratnam, Mr. Michael Woolcock from World Bank, Professor Emeritus Tan Sri Anuwar Ali from ASLi Director Tan Sri Razman Hashim and ASLI COO Ms. Ng Yeen Seen with OUM and Professor Edmund Terence Gomez from UM. Minister YB Dato Seri Idris Jusoh.

Associate Professor Dr. Mariani Md Nor from UM, Islamic Republic of Iran’s ambassador to Malaysia H.E. Mrs. Marzieh ASLI COO Ms. Ng Yeen Seen moderating the session on Emeritus Professor Dato’ Dr Hassan Said from UiTM, Afkham having a chat with YB Dato’ Seri Idris Jusoh, whilst ASLI “Revisiting Technical and Vocational Education and Training Mr. Stephen Doughty from University of Nottingham, Chairman Tan Sri Dr. Jeffrey Cheah, ASLI CEO Tan Sri Dr. Michael Yeoh, (TVET) – What Industry Needs Most?” with Ms. Adelaine Foo, Professor Graeme Wilkinson from Sunway University Republic of Croatia’s Ambassador to Malaysia H.E. Mr. Kreso Glavac, CEO of TOC Automotive College, Mr. Daniel Bernbeck ED of and Professor Dr. Sulochana Nair from Binary ASLI Direcrtor Tan Sri Razman Hashim, Ms. Karen Welsh and ASLI MGCC and Mr. Muhammad Imran Kunalan Abdullah, Director of University of Management and Entrepreneurship with Director Tan Sri Ramon Navaratnam look on. Talent Enablement-MDeC. Tan Sri Ramon Navaratnam. ASLI CEO Tan Sri Dr. Michael Yeoh moderated the Summit’s first session entitled “The proper performance measures and management which involve all stakeholders. The 11th Malaysia Plan and Education: Scaling Up Skills for Industry, Meeting Future provision of proper infrastructure, such as Internet connection, in rural areas is often Needs”. The panel highlighted the strained relationship between academics and an obstacle that prevents technology from being fully utilised in education. industry, which needs to be addressed. Graduates are not industry-ready due to the lack of industry knowledge and training. The call for the need in retraining is vital The fifth session with the topic “Reimagining Schools - Scaling up Quality Education important. Hence, greater tie up between training institutions and industries based on in Schools for all”. Panel members highlighted that the main reason why Malaysia their skill are needed. To improve labour market efficiency, the challenges in labour has not really seen the impact of these educational initiatives in schools is due to its productivity and wages must be overcome as other countries are providing more lack in maintaining its interest, passion and seriousness in implementing these attractive remunerations, which is causing the brain drain. There must be a view that various new initiatives and projects. There are many challenges to fine tune the every child has tremendous potential of what a person can become regardless of details from policy to implementation, as there are many complications in the ethnicity and religious background. Introduction of science and technology needs to Malaysian school system with its diversity, politics, race, variety of school types, all begin from a young age at kindergarten or primary education level to cultivate interest which are factors. There is a need for a review of the current education curriculum in these subjects. which should not be overly focused on academics and examinations, but instead adopt a more holistic approach in teaching and assessment. The panel suggested The second session, entitled “Revisiting Technical and Vocational Education and the use of concept-based teaching and learning to open up student’s mind and Training (TVET) - What Industry Needs most?”. Despite 4th Industrial Revolution, cultivate creativity to solve real-world problems. Though there are many types of high-skilled workers are still much neeeded. With 70 million youths unemployed schools, they are all focused on developing the nation. globally despite the heightening number of enrolment into the education system, the industrial demands are yet to be met, indicating that there is misallocation of The sixth session, with the title "Selling your Soul or Commercialising Research?" Mr. specialised labour. This in part is due to the negative perception of TVET in Malaysia, Goh Peng Ooi, Founder and Group Executive Chairman of Silverlake Group shared which must be changed to encourage its development. his passion in research and asserted that barriers cannot be placed on researchers and that drawing barriers around countries is futile. The third session took place on the second day of the Summit, which discuss the “Role and Impact of Internationalising Higher Education to the Malaysian Education The seventh and final session entitled “Big Data vs Big Risks - Are we seeing the System”. The panel agreed that higher education has opened up to the global market, impact yet?”. As the average Malaysian spends about 50% of their time online, is it allowing transnational strategic alliances and partnerships among universities are possible to obtain data on student activities for analytical purposes, allowing formed. Local campuses of foreign universities have enabled mobility, allowing universities to be able to make crucial decisions, such as reducing the drop out rate. students to have a truly international experience. This also requires a change in the The biggest challenge is how to store and manage data. Much effort is needed to mindset of students from being country-centric to one with a globalised worldview. process the data, turning them into meaningful and presentable forms. It is also Ultimately, the goal of education is to prepare students for life in their country of stay, important to be clear on the objectives the data is meant to achieve, otherwise, not the one they will leave behind. Malaysia has plans to attract international students people will end up doing it just for the sake of doing. to study in Malaysia by providing easy access, aiming for 250,000 enrollment of international students by 2025. In her closing address, YB Datuk Mary Yap Kain Ching, Deputy Minister of Higher Education shared that the Malaysian education system aiming to provide quality Session Four was entitled “21st Century Technology in Education. Beyond the four education of on par with the world standards to students, which is clearly stated in walls: Teacher's Technological Literacy Misplaced?”. The panel advised educators to the National Education Blueprint for schools (2013-2025) and the National Education understand the new learning styles of today’s students and adapt to new Blueprint for Higher Education (2015-2025) with the aim of preparing students to be technologies to meet their needs as the 21st Century education is no longer only globally competitive and play an effective role in nation development. She shared about reading, writing and mathematics, but is also being exposed to the best state that though the 2016 budget is allocated less compared to the year before, the of the art technology. To achieve this, transformation in schools need to be guided by amount is still significant, showing the government is serious in taking on education, and the challenge is to do more with less.

Deputy Minister of Higher Education YB Datuk Mary Yap “Soaring Upwards” with ASLI Professor Datuk Dr. Norma Binti Mansor from UM delivering her remarks CEO Tan Sri Dr. Michael Yeoh, ASLI Director Puan Sri Susan Cheah, Senior Professor whilst Datuk Seri Professor Dr. Md Zabid Haji Abdul Rashid, ASLI CEO Tan Dato’ Dr Khalid Yusoff and the participants. Sri Dr. Michael Yeoh and Datuk Dr. Denison Jayasooria look on. 7 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE THE 18th STRATEGIC OUTLOOK CONFERENCE “Coping with Uncertainty - The Way Forward in Difficult Times > 26 January 2016

ASLI CEO Tan Sri Dr. Michael Yeoh welcoming YB Datuk Seri Madius Tangau, YB Datuk Seri Madius Tangau, Minister of Science, Technology & Innovation receiving a memento from Minister of Science, Technology & Innovation. ASLI CEO Tan Sri Dr. Michael Yeoh. Looking on is ASLI Director Tan Sri Ramon Navaratnam The 18th Malaysia Strategic Outlook Conference was held on 26th January 2016 at The second session focused on the political outlook. Panellist discussed upcoming the Sunway Resort Hotel & Spa, with the theme “Coping with Uncertainty – The Way themes for the next elections and foreseen that issues will be centred on addressing Forward in Difficult Times”. YB Datuk Seri Panglima , Minister the economic needs of the people due to increasing inequalities such as rising income of Science, Technology and Innovation delivered the Opening Keynote Address on gaps. Islamism, not so much race, was also identified as a focus in the next general the “Outlook for Innovation and Technology – The Way Forward for Malaysia”. YB’s elections. The impact from the youths voters, as the largest demographic group, will speech highlighted the needs to create a national innovation environment/ also be a factor, spurred further with the use of social media. The disintegration of ecosystem to stay competitive in order to achieve Vision 2020. He hoped that R&D Pakatan Rakyat was also discussed and was defended as a realignment of a new front works will translate into viable and sustainable businesses which are paramount in in the form of which has overcome its past ideological difference. On strengthening the economic prosperity of the nation. Minister also emphasised the the other side, it was clarified that formal collaborations between UMNO and PAS is need to ensure invested funds in R&D garnered returns. He shared MOSTI has been unlikely. BN projected to win the upcoming Sarawak state elections. proactively in incentivising GLCs to support start-ups in order to penetrate the market at the local, regional and even international level so to prevent local start-ups The Deputy Minister of Home Affairs, YB Datuk Nur Jazlan Mohamed, delivered the from leaving the country. The Minister concluded his speech by advising delegates Special Luncheon Address entitled “The Security Outlook - Keeping the Nation Safe, to continuously advance in the fields of science, technology and innovation, which is Ensuring Public Security”. The Minister shared that there were new threats which necessary to maintain an advanced nation status in time to come. encompass cybercrimes, money laundering, human trafficking, smuggling, piracy, and the rise of foreign fighter insurgency and terrorism, all of which do not respect The first session focused on Malaysia’s Economic Outlook. Panellist discussed the traditional borders. Hence, ensuring peace and security can no longer depend global slowdown and its effect on Malaysia’s economic performance in 2015 due to conventional means. To counter these threats, the Minister highlighted the importance the change in China’s consumption from a production based economy has impacted for the international community to work more closely together and to foster greater the commodity markets, depreciation of the Ringgit, and the tightening of U.S. interagency cooperation, such as in the area of information sharing, as there is a need monetary policy. It was highlighted that structural reforms are needed as Malaysia to safeguard Malaysia’s safety and security in the international and domestic scene. has high records of debt within the Asian region with its national debts close to 55% YB Datuk Nur Jazlan clarified that legislations like the Prevention of Terrorism Act and household debts close to 80% of the entire GDP. Major transformations in (POTA), the Security Offences (Special Measures) Act 2012 (SOMSA), the Prevention of education and human capital development are needed to stimulate the transition Crime (Amendment) Act (POCA), the Anti-Money Laundering and Anti-Terrorism from low-value to high-value added economic activities and to employ greater use of Financing Act, as well as the introduced NSC bill, despite critics, are meant to more ICT. However, it was agreed that Malaysia’s outlook, despite slow growth, is still effectively address new unconventional threats. He ensured that the government will robust. not arbitrarily use these legislations to silence criticism and quell political dissent, but will use these measures to keep the public safe.

(left) Mr. Jason Tan, Senior Associate of Institute Kajian Politik & Ekonomi (IKAPE); YB Tian (left) Tan Sri Eddy Chen Patron, REHDA / Group Managing Director, MKH Group; Tan Sri Chua, National Vice President of People’s Justice Party/MP for Batei, Mr Arthur Joseph Dr. Jason Goh Executive Director, Tumpuan Megah Development Sdn Bhd; Mr. Michael Kurup, Vice President & Deputy President of United People’s Party; Ms. Ng Yeen Kang Hua Keong National President, SME Association of Malaysia; Datuk Wira Jalilah Seen, ASLI COO/ CPPS Senior Director; YB Tony Pua, Member of Parliament for PJ Baba Chairman, Crewstone International Sdn Bhd / President, Malaysian International Utara/DAP National Publicity Secretary / Director of Invest Penang; Mr. Shahril Hamdan, Chamber of Commerce & Industry (MICCI) / former Director-General & CEO, MIDA; Tan UMNO Youth Executive Committee Member/Chairman of Young Professional Bureau; Sri Dr. Yusof Basiron Chief Executive Officer, Malaysian Palm Oil Council. Professor James Chin, Director of the ASIS Institute, University of Tasmania.

Mr. Saji Raghavan, Country Director, Rolls-Royce Malaysia Sdn Bhd shaking hand with Tan Sri Ramon Navaratnam, ASLI Director presenting a memento to Mr. Rafael Munoz Moreno, YB Datuk Seri Madius Tangau, Minister of Science, Technology & Innovation. Senior Country Economist of The World Bank whilst Professor Rajah Rasiah Faculty of Economics and Administration of University of Malaya and Dato’ Dr. Mohd Nazri Khan Adam, Senior Associate Director/Head of Retail Research of Affin Hwang Investment Bank Berhad look on. 8 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE THE 18th STRATEGIC OUTLOOK CONFERENCE

Mr. Jan Senkyr, Konrad-Adenauer-Stiftung (KAS), Tan Sri Dr. Michael Yeoh, ASLI CEO, YB Datuk Nur Jazlan ASLI CEO Tan Sri Dr. Michael Yeoh presenting of memento to YB Datuk Nur Jazlan Mohamed Deputy Minister of Home Affairs, Tan Sri Ramon Navaratnam, ASLI Director, Mr. Saji Raghavan, Mohamed, Deputy Minister of Home Affairs. Country Director, Rolls-Royce Malaysia Sdn Bhd, Mr. Max Say, ASLI Chief Partnership Officer

The third session highlighted Sectoral & Industry Outlook. The session revealed that the price of oil. Global commodities for 2016 is likely to anticipate a depression in SME sector constitutes 98.5% of Malaysian business entities, contributing to 65% of total prices. However, there is a shimmer of hope in the form of palm oil, which has employment. However, only 17.8% of the SMEs are involved in export. Therefore, there is been recovering quite rapidly due to biodiesel programmes which are spurring a need for a government led strategy to support local SMEs and educate them on the growth. know-hows of exporting to take advantage of the opportunities in ASEAN. Limitations of SMEs in Malaysia include low technology, limited access to financing, and increase cost in The fourth and final session focused on the Corporate Outlook. During the raw materials due to oil prices and the depreciating Ringgit. For logistics, freight rates will session, there were calls of support for the TPPA as it will open up Malaysia to continue to be on the down trend due to falling oil prices. However, there is a significant more markets. However, the GST was criticised for dampening domestic drop in standard bunker factor (SBF) which is good for all importers and exporters. consumption. The session also revealed confusion in consumption patterns in Shipping is still the cheapest way to export goods and continues to make up more than Malaysia, as consumer spending still remained high despite speculation and 90% of the worlds imports and exports, compared to land and air modes of transport. In doubt in the market. There were also calls for the government to run the the area of commodities, various commodity prices have exhibited the same trends and economy more efficiently, as greater risk awareness and confidence are needed patterns due to an oversupply of goods in the market and the downward trends in the to weather market challenges.

ASLI CEO Tan Sri Dr Michael Yeoh with Mr Tay Kay Kuan, ASLI COO/ CPPS Senior Director Ms. Ng Yeen Seen presenting a ASI CEO Tan Sri Dr Michael Yeoh presenting a CEO of Asian Institute of Chartered Bankers memento to YB Tony Pua, member of Parliament for PJ Utara / memento to Tan Sri Dr. Lau Ban Tin, Director of DAP National Publicity Secretary / Director of Invest Penang. B.I.G. Industries Berhad.

(left) ASLI COO Ms. Ng Yeen Seen; Mrs Regina Fabiny, CEO of Leisure Guide Publishing; Mr. Jan Senkyr, Mexico Ambassador H.E. Carlos Corona; German Ambassador H.E. Country Representative of Konrad Adenauer Stiftung; ASLI CEO Tan Sri Dr. Michael Yeoh, YB Datuk Seri Holger Michael, Mr. Jan Senkyr, Representative of Konrad Adenauer Madius Tangau, Minister of Science, Technology & Innovation; ASLI Director Tan Sri Ramon Navaratnam; Stiftung; ASLI CEO Tan Sri Dr. Michael Yeoh Professor James Chin, Director of the Asia Institute, University of Tasmania; Mr Saji Raghavan, Country Director of Rolls-Royce Malaysia; ASLI SVP/Chief Partnership Officer Mr. Max Say

REHDA Patron Tan Sri Eddy Chen, Mr. Michael Kang, President of SMI Association PKR Vice President and MP for Batu, Tian Chua speaking at the Conference. and Datuk Wira Jalilah Baba, President of MICC1 speaking at the conference.

9 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE

MALAYSIA-UNITED STATES FORUM IN WASHINGTON DC “Towards a Comprehensive Partnership” > 19 APRIL 2016

Meeting at Malaysian Embassy : (left) Ms. Nur Ezira Mahadi, Mr. Max Say, Dr Md Amin Md Taff, Malaysia-US Forum : (left) Mr. More Menly, Mr. Murray Hiebert, Returned Dato Saadon Hasnan, Tan Sri Dr. Michael Yeoh, DCM Shaiful Anuar Mohammad, Ms. Jean Wong, Ambassador James Keith, Ms. Aireen Omar and Dato’ Charon Mokhzani in the Mr. Hairil Yahri Yaacob and Ms. Elaine Kok. panel on Deepening Business Cooperation: Opportunities from TPPA and AEL.

Mr. Harrol Yahri Yaacob, Tan Sri Dr. Michael Yeoh, Ms Aireen Omar Mr. James Carooso, Director of the office of Maritime Southeast Asia, Tan Sri Dr. Michael Yeoh and Mr. Alexander and Dato’ Charon Mokhzani reacting to a light-hearted remark at the Bureau of East Asian & Pacific Attanis, Department of State giving his Feldman after the meeting between ASLI and Malaysia-US Forum keynote presentation at the Malaysia-US Forum. USABC at their office area in Washington, DC.

After completing the “Malaysia Cloister” at CSIS : (left) Ms. Jean Wong, Mr. Murray The ASEAN handshake : (left) Ms. Jean Wong, Mr. Max Say, Mr. Alex Feldman, Hiebert, Tan Sri Dr. Michael Yeoh, Mr. Max Say, Mr Canor Cromin, Ms. Elaine Kok and Tan Sri Dr. Michael Yeoh, Mr. Marc Mealy and Ms. Elaine Kok. Mr. Sam Glickstein.

ASLI organised the “Malaysia-United States Forum: Towards a Comprehensive TPP; defence and security cooperation and the South China Sea issue; as well as Partnership” in collaboration with the Malaysia-America Society (MAS) and the people-to-people ties in his keynote, noting that 5 MOUs have been signed between the ASEAN Studies Initiative (ASI) at American University on 19th April 2016 at the Mary two countries since April 2014. Mr James Carouso from the US Department of State in Graydon Centre, American University in Washington D.C. It was attended by 60 his keynote expressed confidence in moving the TPP forward and highlighted the US’ representatives from the governments of the US, Malaysia and other ASEAN recognition of Malaysia’s leadership on regional security. countries, as well as businesses, trade associations, think tanks, academics and students interested in developments between Malaysia and the US. The first topic of discussion was “Enhancing Malaysia-US Political, Diplomatic and Security Cooperation: What Next?” Dr Michael Anderson of MAS chaired the panel The purpose of the forum was to review the progress made and examine long-term comprising Mr Murray Hiebert of CSIS, Dr Pek Koon Heng of ASI and Dr Jayum Anak opportunities and challenges to strengthening political, economic, technological Jawan of Ohio University. The panel agreed that Malaysia mattered to the US and vice cooperation, people-to-people cultural and educational ties between the two versa with specific references to both President Obama desired legacies and PM Dato countries, which President Obama and Prime Minister Najib jointly committed under Sri Mohd Najib desired in broadening the international ties, TPP, SCS, ISIL as well as the Comprehensive Partnership in April 2014. Its timing coincided with ASLI’s 20th human rights and press rights. year engagement with the US. ASLI helped to form the Malaysia-US Business Council in 1996. ASLI has also worked with think tanks such as Brookings and Heritage, and The second and final topic of discussion was “Deepening Business Cooperation: over the years have hosted numerous key people for outreach purposes including Opportunities from TPP and AEC” which was chaired by Mr Murray Hiebert of CSIS. The Sen. Bob Corker (Chairman of the Senate Foreign Relations Committee), Asst. Sec. of speakers were Mr Marc Mealy of US-ASEAN Business Council, retired Ambassador State Daniel Russel and President Clinton after he left the White House. James Keith, Ms Aireen Omar of Air Asia and Dato’ Charon Mokhzani of Khazanah Research Institute. Points raised included strategic value US firms see in Malaysia; the ASLI CEO Tan Sri Michael Yeoh together with Dr Lynn Juhl, President of MAS and Dr potential in entrepreneurship (especially venture capital start-up), education, Louis Goodman, Professor and Emeritus Dean of the School of International Service aerospace, biotechnology and medical supplies and the need to strengthen the welcomed the speakers and participants at the American University. Mr Shaiful Anuar innovation ecosystem, push to materialise ASEAN’s Open Skies; as well as political and Mohammad from the Embassy of Malaysia shared on economic cooperation and the economic uncertainties which require attention.

10 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE

CHINA AND UNITED STATES ECONOMIC, TRADE AND CULTURAL COOPERATION IN ASEAN SYMPOSIUM IN WASHINGTON DC > 20 APRIL 2016

ASLI organised the “China and United States Economic, Trade and Cultural Cooperation in ASEAN Symposium” in partnership with the ASEAN Studies Initiative (ASI) at American University on 20th April 2016 at the McDowell Formal Lounge of American University in Washington D.C. It was attended by 70 representatives from the governments of US, China, Malaysia and other ASEAN countries, as well as businesses, trade associations, think tanks, academics and students interested in China and the US’ cooperative initiatives in ASEAN. The purpose of the symposium was to examine the China, US and ASEAN perspectives regarding the impact of China and US initiatives in ASEAN in the areas of trade, investment, infrastructure and energy.

It began with welcome remarks by Dr. Nanette Levinson of American University followed by introductory remarks from ASLI CEO Tan Sri Dr Michael Yeoh who shared on the ASEAN charter, ASEAN community, connectivity and ASEAN centrality as well as communication, coordination and consultation. Tan Sri called for investment, infrastructure development, inclusive growth and innovation. Both His Mai Sayavongs, Ambassador of Lao PDR and Dr Wang Huiyao, President of Centre for China and Globalisation, PRC delivered the opening remarks. His Excellency spoke about Lao PDR’s priorities as ASEAN Chair to focus on implementing ASEAN Vision 2025; and on enhancing the cooperation with partners through initiatives like RCEP, TPP, China’s 21st century maritime Silk Road and AIIB. Dr Wang spoke about the many cooperation commonalities between China and ASEAN with emphasis on the “One Belt, One Road” or OBOR initiative and the AIIB, noting that China and ASEAN combined account for 60% of the total trade in Asia.

Dr Miles Kahler of American University, Dr Wang Hui Yao, Tan Sri Dr Michael Yeoh and Ms Yun Sun of the Henry L. Stimson Centre discussed China’s trade and infrastructure initiatives in ASEAN in the first Mr. Casey Mace, Director for Maritime Southeast Asia & ASEAN Affairs, National Security Council the White House in conversation session. A pertinent point raised was the inseparability of political and security cooperation from with ASLI CEO Tan Sri Dr. Michael Yeoh. economic cooperation hence the need to foster win-win partnerships that contribute to peace and stability in the region. There are extensive areas of cooperation under ACFTA, RCEP and the OBOR initiative and ASEAN welcomes both China-ASEAN Cooperation Fund and Asia Financial Cooperation Association, but these do nothing to assuage ASEAN’s concern over freedom of navigation in the South China Sea. Problems with China’s railway cooperation projects in Myanmar, Thailand and Indonesia show that China does not have absolute advantage over ASEAN. To balance China’s strategic ambitions, ASEAN countries are also inviting other external countries into the region.

In the second session, Dr Pek Koon Heng of American University, Mr Hairil Yahri Yaacob of the Malaysian Embassy, Mr Edmund Sim of the National University of Singapore and Mr Vikram Nehru of the Carnegie Endowment for International Peace deliberated on ASEAN’s perspectives on China and US economic and trade initiatives in ASEAN. ASEAN views both RCEP and TPP favourably. They are complementary, with RCEP focusing on tangible goods and TPP on intangible services. RCEP possesses the key characteristics for Vision 2025 to create a global ASEAN while TPP balances China’s influence with that of US. The OBOR initiative benefits China by utilising excess capacity and ASEAN by supporting infrastructure development to ease growth constraints. However, ASEAN needs to direct it towards projects identified under ASEAN’sxx Connectivity Masterplan and ensure their viability during economic downturns as well as any related security implications.

The Honourable Rosalia De Leon, Undersecretary of Finance, Philippines and Mr Casey Mace, Director for Maritime Southeast Asia & ASEAN Affairs, National Security Council, US delivered keynotes at the luncheon. The former highlighted that ASEAN while concerned over the impact of China’s economic slowdown upon itself, has its own coping mechanisms. AEC is intensifying intra-ASEAN trade; RCEP will widen trade with Japan, Australia, Korea, and New Zealand; and trade with US has been holding steady. However, investments in connectivity will be critical to strengthen regional and intra-regional value chains as ASEAN capitalises on its position as the fourth largest exporting region globally, and as home to the world’s third largest labour force. The latter shared about ASEAN’s importance to US’ rebalancing strategy—deepening partnerships; promoting economic prosperity; advancing a regional-based order; and strengthening cooperation on global challenges. He noted that US and Dr. Wang Huiyao, President of Centre China and Globalisation, PRC with Tan Sri Dr. Michael Yeoh at the China & US Economic, Trade and Cultural ASEAN are becoming increasingly like-minded on many important issues, and a key outcome of the Cooperation in ASEAN Symposium. Sunnylands Summit was the shared vision to advance rules-based order.

The third session explored US perspectives on US-ASEAN-China Economic Cooperation with Dr Randall Henning of the American University, Mr Marc Mealy of the US-ASEAN Business Council and Mr Ruben Duran of the US Chamber of Commerce. They agreed the relationship was not a “zero sum game”. ASEAN needs to engage both US and China as it receives significant capital inflows from both. Global supply chains and value chains linking US and China run through various markets in ASEAN. There exists potential to align US and China’s interests in ASEAN (i.e. trilateral cooperation). US businesses are actually cautiously optimistic over the OBOR initiative and AIIB, which they hope will present opportunities for businesses to compete and succeed against global competitors although there are still some concerns.

Dr Erin Collins of the American University, Ms Robin Diallo of the Department of State, Dr Wang Hui Yao, Dr Jayum Anak Jawan of Ohio University and Ms Elaine Kok of ASLI discussed about US-China-ASEAN cultural and educational cooperative initiatives in the final session. Various initiatives (i.e. education, tourism, labour) by US and China to further people-to-people ties between the two countries and with ASEAN were examined in relation to their outcomes. The US is very proud of their programmes which have raised up heads of governments, women leaders and Nobel Laureates. Challenges reviewed included the lack of reciprocity (i.e. Chinese students to US and ASEAN far outnumber their counterparts to China, and ASEAN students to US far outnumber their counterparts to ASEAN) and barriers to the freer movement of people. Participants’ perspectives were also considered, with a call for ASEAN to come up with programmes to increase intra-ASEAN exchanges. An informal we-fie with the two teams : (left) Mr Anubhav Gupta, Mr. Max Say, Ms. Josette Sheeran, Tan Sri Dr. Michael Yeoh, Mr. Jackson Ewing, Ms. Elaine Kok and Mr. Sanjeev Sharchan.

President of Asia Society, Ms. Josette Sheeran Discussing ASEAN perspective on China & US Economic & Dr. Pek Koon Heng with Mr. Casey Mace and DCM Shaiful Anuar and Tan Sri Dr. Michael Yeoh posing with the Trade Initiative in Southeast Asia: (left) Dr. Pek Koon Heng, Mr. Mohammad at the China & US Economic, Trade and Cultural portrait of Mr. John D. Rocketeller after ASLI Hamil Yahri Yaacob, Mr. Edmund Sim and Mr. Vikram Nehru. Cooperation in ASEAN Symposium. and Asia Society’s meeting at the Asia Society’s building in New York.

11 NEWSLETTER OF THE ASIAN STRATEGY & LEADERSHIP INSTITUTE EVENTS HIGHLIGHTS

Governor of Malacca Tun Mohd Khalil Yaacob and ASLI CEO Defense Minister Dato Seri Hishammuddin Tun Hussein receiving a Tan Sri Dr. Michael Yeoh. memento from ASLI CEO Tan Sri Dr. Michael Yeoh.

(left)Tan Sri Leo Moggie, Raja Dato Seri Eleena, Datin Kalsom Taib, Dato Seri Shafee, Tan Sri Rafidah Aziz and Tan Sri Rama Iyer. (standing) Tan Sri Dr. Michael Yeoh, Ms Tan Lei Cheng, Dato Seri Nazir Razak, Puan Sri Fauzah. Higher Education Minister Dato Seri Idris Jusoh, Tan Sri Dr. Michael Yeoh and Tan Sri Dr. Jeffrey Cheah.

Dato Seri Hishammuddin greeting Tun Abdullah Ahmad Badawi. Selangor Menteri Besar Dato Seri Azmin Ali at ASLI’s Chinese New Year Open House with Tan Sri Dr. Michael Yeoh.

(left) Ms Michelle Gyles McDonough, Tan Sri Othman Hashim, Tan Sri Jawhar Hassan, Tan Sri Dr. Madinah and Tan Sri Razman Hashim. (Stand) Ms. Ng Yeen Seen and Tan Sri Dr. Lin See Yan.

Tun Rahah, mother of the Prime Minister of Malaysia, Dato Sri Mohd. Najib and Datin Seri Rosmah Mansor, wife to the Prime Minister arriving at the Dato Tan Chin Nam (seated) with Ms. Jean Wong, Ms. Tan Lei Cheng, Mr. Max Say and Tun Razak Commemorative Seminar Luncheon. Dato Lee Hau Hian.

12 Vol 2 June 2016 | PP8307/12/2016 (032066)

Tan Sri Michael Chen, Tan Sri Dr. Michael Yeoh, Raja Dato Seri Eleena, Tan Sri Leo Moggie Minister of Communication & Multimedia Dato Seri Salleh Tun Said Keruak, former chief and Dato Seri Nazir Razak. Justice Tun Dzaiddin Abdullah and former IGP Tun Hanif Omar.

ASLI CEO Tan Sri Dr. Michael Yeoh, MAJECA President Tan Sri Azman Hashim, ASLI CEO Tan Sri Dr. Michael Yeoh at the Istana Negara with Dato Seri Mah Siew Deputy Prime Minister Dato Seri Dr. , MAJECA Vice President Keong, Minister in the Prime Minister’s Department, Dato Seri , Minister Dato Seri Mohd Iqbal and MAJECA Exco Mr. Y. H. Chuah. of Transport, Dato Madius Tanggak, Minister of Science, Technology & Innovation and Dato Seri Dr. Subramaniam, Minister of Health.

Tan Sri Dr. Michael Yeoh greeting the Chief Secretary to the Government Tan Sri Dr. Former Governor General of Australia flanked by Securities Commission Chairman Tan Sri Ali Hamsa whilst ASLI Chairman Tan Sri Dr. Jeffrey Cheah looks on Ranjit Singh and ASLI CEO Tan Sri Dr. Michael Yeoh

ASLI and Yayasan Cemerlang organising team.

ASLI CEO Tan Sri Dr. Michael Yeoh welcoming Defence Forces Chief General Tan Sri Zahedi.

ASLI team with Tun Abdullah Ahmad Badawi at ASLI Chinese New Year Open House

ASLI-CPPS Kenny Voon with Tan Sri Tony Fernandes ASLI team with CIMB Group Chairman Dato Seri Nazir Razak 13 WORLD CHINESE ECONOMIC SUMMIT 7th WCES LIFETIME ACHIEVEMENT AWARD

Tan Sri Lee Kim Yew, Mr. Goh Peng Ooi, Dato Seri Liow Tiong Lai, Transport Minister and WCES Hon Adviser Dato Seri Liow Tiong Dato Seri Liow Tiong Lai presenting the Lifetime Achievement Tan Sri Azman Hashim and Tan Sri Dr. Michael Yeoh Lai presenting the Lifetime Achievement Award to AmBank Award to Silverlake Axis Chairman Mr. Goh Peng Ooi. Chairman Tan Sri Azman Hashim whilst Tan Sri Dr. Michael Yeoh and Tan Sri Lee Kim Yew look on. A Special Conferment Ceremony was held on 13 May 2016 at the Ministry of Transport in Putrajaya for awardees of the Lifetime Achievement Award who was not able to attend the award presentation ceremony held at the 7th WCES in London in November 2015. YB Dato’ Sri Liow Tiong Lai, Minister of Transport Malaysia who is the Honorary Adviser of WCES, presented the awards to Tan Sri Azman Hashim of Ambank for his contributions in the field of banking (specifically in Islamic Banking) and Mr Goh Peng Ooi of Silverlake for his contributions in the field of technology (specifically in universal banking solutions). At the ceremony, YB Dato’ Sri Liow took the opportunity to reiterate the government’s support for WCES, especially by Prime Minister Dato Sri Mohd Najib and Deputy Prime Minister Dato Seri Zahid Hamidi. He also expressed the importance placed by the government on the country’s bilateral relationship with China, highlighting that China has been Malaysia’s largest trading partner for the past 6 years with trade value The Lifetime Achievement Award Recipients : Minister of Transport Dato Seri Liow Tiong Lai exceeding $1 billion. Malaysia will continue to render its support for China’s Tan Sri Azman Hashim and Mr Goh Peng Ooi. speaking at the Awards Presentation. “One Belt One Road” initiative and the AIIB. YB Dato’ Sri Liow is confident that WCES is the ideal platform to further strengthen this strong bond, and Patron and Co-Founder of WCES, Tan Sri Lee Kim Yew in his remarks shared that the WCES was the government hopes to increase Chinese investment in Malaysia, in conceptualised as a bridge between the East and the West in building a better world together, and contrast Malaysian investment in China is currently stood at 1:6. Personally, there is a plan in the pipeline to form a “Lifetime Achievement Award Circle” as a platform to bring he is delighted with the upcoming 8th WCES which will be held in Malacca together all past award recipients so to contribute towards this vision. in November 2016 and is hoping that the exposure generated will attract more investments from China especially from Guangzhou Province. SABAH UNITY BLUEPRINT STUDY COURTESY CALL ON ROUNDTABLE IN TAWAU MALACCA CHIEF MINISTER

ASLI CEO Tan Sri Dr. Michael Yeoh calling on the Malacca Chief Minister Dato Seri Idris Haron discussing the 8th World Chinese Economic Summit.

ASLI Chief Partnership Officer / Senior Vice President Mr. Max Say, Chief Minister of Malacca Dato Seri Idris Haron, Tan Sri Dr. Michael Yeoh and Dato Lim Sue Beng.

14 GREATER KL & SMART CITY CONFERENCE “Transforming the cities of tomorrow, today” > 26 FEBRUARY 2016

ASLI Chairman Tan Sri Dr. Jeffrey Cheah and ASLI CEO Tan Sri Dr. Michael Yeoh Dato Wei Chuan Beng, Tan Sri Dr. Michael Yeoh, Y.B Datuk , Tan Sri Dr. Jeffrey Cheah welcoming YB Datuk Abdul Rahman Dahlan, Minister of Urban Wellbeing, Datuk Kenneth Chen and Mr. Leon Foong Housing & Local Government to the summit

Mr. Max Say, Datuk Kenneth Chen of MKH Group, Dato Wei Chuan Beng, MD of Session 3, Mr. James Chua, Ms. Elviza Michelle Kamal and Mr. Lai Voon Hon sharing Redtone, Tan Sri Dr. Jeffrey Cheah, Y.B Datuk Abdul Rahman Dahlan, Tan Sri Dr. Michael insights on greening the city Yeoh, Mr. Leon Foong, GM of Uber, Datuk Jeffrey Ng

The Greater KL & Smart City Summit 2016 with the theme “Transforming the cities of Session three was on “ Realising the Vision of Greater Kuala Lumpur “ moderated by tomorrow, today’ was held on 26 February 2016 in Sunway Putra Hotel with 150 Mr. Sarly Adre Sarkum, President of Malaysia Green Building Confederation and delegates. REDtone International and MKH Group were the Corporate Sponsors and panellist were Mr David Mizan Hashim, Group President of Veritas Design Group, Mr Uber Malaysia was the Mobility Partner for the event. Scott Dunn, Vice President of AECOM Southeast Asia, Mr James Chua, Executive Director of GreenRE Sdn Bhd, Ms Elviza Michele Kamal, Advisor to the Minister of Session one titled “Sustainability Consideration for the Smart Cities in Malaysia” with Urban Wellbeing, Housing and Local Government and Mr Lai Voon Hon, Group Datuk Dr Mohd Yusoff Sulaiman, President and CEO of Malaysian Industry Managing Director of Ireka Corporation Berhad . Government Group for High Technology (MIGHT) as moderator and panellist were Dr. Thomas Tang, Managing Director of Kuala Lumpur Centre for Sustainable Innovation YB Datuk Abdul Rahman Dahlan, Minister of Urban Wellbeing, Housing & Local (KLCSI); Mr Fermin Fautsch, Vice President of Global Enterprise, Telekom Malaysia Government Malaysia was present to deliver a Special address & officiated the Group/Chairman and Board Director of EU-Malaysia Chamber of Commerce and Opening of the summit. Industry and Mr Jaffri Ibrahim, CEO of Crest . Session four titled “Case Studies of Jumpstarting: We are in this together” where Session two‘s topic was “Smart Connectivity for Smart City”, moderated by Tan Sri Panellist presented a case study. “Kuala Lumpur – the ongoing transformation” was Ramon Navaratnam, Chairman of ASLI-CPPS and Corporate Advisor, Sunway presented by Datuk Hj. Mohd Najib, Executive Director (Planning) of Dewan Group. panelist were Dato’ Wei Chuan Beng, Managing Director of REDtone Bandaraya Kuala Lumpur; “Elevating CyberJaya into a Global Technology Hub International, Dato’ Haris Fadzilah Hassan, Director of Commercial and Land through Smart Collaboration”by Mr Faris Yahaya Managing Director of Cyberview Management, Mass Rapid Transit Corporatin Sdn Bhd; Mr Mohamed Shajahan Malaysia; “Investment into Kuala Lumpur by Mr Hew Wee Choong, Director & Team Mohamed Iqbal, Chief Technology Officer of Three-Opp (M) Sdn Bhd / Board of Leader for Investor Relations of InvestKL and the session was moderated by Dr. Director & Treasurer of FTTH Council Asia Pacific; Ms Norma Nun, Senior Manager for Daniele Gambero CEO & Co-Founder of REI Group of Companies the Planning Unit, Suruhanjaya Pengangkutan Awam Darat (SPAD); Mr Leon Foong, General Manager of Uber Malaysia and Ar. Mustapha Kamal Zulkarnain, Chairman of Urban Wellbeing, Sustainable Housing and Environmental Resilience Committee, Pertubuhan Akitek Malaysia.

Datuk Hj. Mohd Najib bin Hj. Mohd, Executive Director Dr. Thomas Tang, MD, KLCSI, Datuk Dr. Yusoff Sulaiman, Dato Wei Chuan Beng, MD of Redtone International, Dato of Plans, DBKL, Dr Danielle Gambero, CEO & President & CEO of MIGHT, Mr. Jaffri Ibrahim, MD, CREST, Harris Fadlizab Hassan, Director Commercial & Land, MKT Co-Founder, Rei Group of Companies, Mr. Faris Fermin Fultsen, Vice President Global Enterprise Telekom Corp, Muhammad Shahjahan Mohd Iqbal, CTO of Three, Tan Yahya, MD, Cyberview, Mr. Hew Wee Choong, Director Malaysia. Sri Ramon Navaratnam, Advisor Sunway, Ms. Norna pt Num, of Team Leader, Invest Kuala Lumpur. Head of Policy, Planning & Research, SPAD

15 THE 2ND TUN ABDULLAH AHMAD BADAWI: HUMAN CAPITAL SUMMIT “Enhancing Human Capital for a Competitive Economy” > 25 MAY 2016

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ASLI Director Tan Sri Ramon Navaratnam having a chat with Tun Abdullah Ahmad Badawi, ASLI Chairman Tan Sri Dr. Jeffrey Cheah presenting a memento whilst Dato Kulasegaran Sabaratnam, President of the High School of Bukit Mertajam Alumni to Y.B. , Minister of Youth and Sports whilst Malaysia and ASLI CEO Tan Sri Dr. Michael Yeoh look on. ASLI CEO Tan Sri Dr. Michael Yeoh looks on.

Tan Sri Dato’ Ir Muhammad Radzi Hj. Mansor Pro Datuk Seri Mohd Iqbal Rawther, Former Chairman of Tan Sri Dr. Lau Ban Tin, Director of B.I.G Industries Bhd Chancellor, Multimedia University, moderating a session Malaysian Institute of Management moderating the session speaking at the session on Human Capital Development in with 2 other speakers, Prof. Dr. Wahid Razzaly Deputy on Human Management. (left) Pn. Shareen Shariza, COO the 11th Malaysia Plan. (left) Dato’ CM Vignaesvaran Vice-Chancellor, Universiti Tun Hussein Onn Malaysia and of Talent Corp. Malaysia Bhd, Anthony Raja Devadoss, Jeyadran, Chief Executive of PSMB; Dato Seri Dr. Ibrahim Mr. Koong Lin Loong, ACCCIM National Council Member Senior VP of Kelly Outsourcing & Consulting Group & Tan Saad, Chairman of Board of Directors, UKM and Prof. Dr. cum Chairman, ACCCIM SME and HRD Committee. Sri Ismail Adam, Hay Group Sdn Bhd / Former Rajah Raziah, Faculty of Economic and Administration, Director-General of Public Service Malaysia. University of Malaya.

ASLI CEO Tan Sri Dr. Michael Yeoh and ASLI Chairman Tan Sri Dr. Group photograph with distinguished speakers and co- organisers Jeffrey Cheah accompanying Minister of Youth & Sports, Y. B. Khairy together with Tun Abdullah Ahmad Badawi. Jamaluddin to the VIP Holding Room The 2nd Tun Abdullah Ahmad Badawi Human Capital Summit held at the Sunway Y.B. Khairy Jamaluddin stressed the point that we needed to change the culture of Putra Hotel in Kuala Lumpur focused on Enhancing Human Capital for a Competitive our workforce. Young people hold different interests and lifestyles than the managers Economy. In introducing the patron of the event, and guest of honour, Dato’ of today, he said. He noted that work-life balance is very important to them. In Kulasegran Sabaratnam, President of High School of Bukit Mertajam Alumni closing, he urged for more private sector and university linkages to identify human Malaysia noted that Tun Abdullah Ahmad Badawi is the school’s most illustrious capital needs. alumnus. The day also featured various panel sessions. The first was entitled “Human Capital Y.A.Bhg. Tun Abdullah Ahmad Badawi, former Prime Minister of Malaysia delivered Development in the 11th Malaysia Plan: Our Key Priorities and Strategic Challenges”, the morning Keynote Address entitled ‘The Future of Our Nation’. His speech focused CEO Panel. Dato’ CM Vignaesvaran Jeyandran, Chief Executive, of PSMB urged that on the point that human capital is the lifeblood of our nation. It translates into the we need to push industry in furthering certification training rather than ‘team-building’ success of our country and corporations. Therefore, we should be constantly exercises, which is where the majority of their training budgets are being spent at the developing, re-skilling and appraising these resources, he said. Tun Abdullah Ahmad moment. Badawi also shared that the economy is moving away from being labour and the intensive use of resources, to one in which new technologies and methods will be The second panel was entitled “What Sort of Human Capital Do We Need? How Do leveraged upon to improve productivity and transform the country’s whole value We Address the Mismatch Between Demand and Supply?” Mr Daniel Bernbeck, chain. Executive Director of the Malaysian-German Chamber of Commerce and Industry commented that the issue of mismatch is also a problem in Germany. A recent study Y.B. Khairy Jamaluddin, Minister of Youth and Sports hosted the event’s luncheon. involved 40,000 German employers of which 40% indicated the same issue. During his address he noted that Malaysia is a young nation, not only in age but also Moreover not only were they under-skilled for the positions, but some were also in the sense that 62% of our workforce is comprised of the youth. “Young people over-skilled. drive this nation”, he said, “not just in terms of ideas but also through their labour force”. Y.B. Khairy Jamaluddin also explained how Malaysia’s economy is The final session was entitled “Are our Universities Producing the Graduates Industry diversifying. We used to measure this diversity of the labour force in relation to six Need? How Can We Scale Up TVET (Technical and Vocational Education) to Meet the sectors, but now there are 20 plus, he said. Manpower Shortage? How Can We Enhance Retraining and Skills Development?” Prof. Dr. Wahid Razally, Deputy Vice Chancellor of University Tun Hussein Onn Malaysia brought up the old debate of what the purpose of the university is. Is this to nurture democratic citizens, or to develop workers for the economy, he asked?

16 STRATEGIC ISSUES FORUM (SIF)/CORPORATE MALAYSIA ROUNDTABLE (CMR) Ministerial Roundtable & Dialogue with YB Datuk Seri Dr Salleh Said Keruak, Minister of Communications and Multimedia > 12 MAY 2016

Tan Sri Ramon Navaratnam, Chairman of the Strategic Issues Forum presenting a The German Ambassador, H.E. Michael Holger asking a question whilst US Deputy Chief of memento to the Minister of Communication and Multimedia Datuk Seri Salleh Said Keruak Mission, Edgard Kagan and other Ambassadors look on. whilst ASLI CEO Tan Sri Dr. Michael Yeoh looks on.

In the SIF Ministerial Roundtable and Dialogue, YB Datuk Seri Dr Salleh, Minister of Communication and Multimedia began his speech by thanking ASLI for the invitation and focused his speech on improving communication services in Malaysia and issues surrounding the governance of communication. Similar to all other countries in the region and around the world, communication services have been the cornerstone of growth and development in Malaysia, Datuk Seri Salleh commented. The Government launched a national strategy – the National Broadband Initiative (NBI) to bring broadband to the whole nation. Things move rapidly and strategically since three zones were identified. Zone 1 was the High Economy Impact Area; Zone 2 the Suburban Area; and Zone 3 is the Rural Area. The Government introduced tax incentives by way of investment allowances and sales tax exemption to facilitate the implementation. The NBI has also increased the efforts to improve broadband adoption through programs such as the establishment of wireless villages (i.e. WiFi access node areas). In relation to schools, under the 1BestariNet programme, a total of 10,132 schools has been provided with connectivity to support the teaching and learning processes. YB Datuk Seri Salleh shared that the focus remains on the coverage, affordability and quality of service. Aggressive broadband access plans were targeted to improve coverage. The network infrastructure projects are seen as the engine of growth that will fuel the development of the local content and applications industry, with many potential high bandwidth next-generation applications. The network infrastructure and high-speed connectivity are expected to boost the development of ICT-related industries and contribute to fulfilling the government’s The Minister and ASLI CEO at the media conference. inspiration of elevating Malaysia into a high-income nation. In terms of household broadband penetration, Malaysia was at 11% in 2006 compared to 77.3% in 2015. For mobile penetration, Malaysia had seen an increase from 72.3% in 2006 to 145% today. MyTV is aimed to introduce digital terrestrial broadcasting (DTTB) which is to allow more efficient use of the spectrum by 2018. The Malaysian government obligated to safeguard the citizens by implementing safeguards for consumer protection and ensure that the country grows harmoniously. Malaysia Communication and Multimedia Commission (MCMC) is the regulator and developer of the communications and multimedia industry. The newly proposed Communications and Multimedia Acts 1998 (CMA) amendments stated the objective is to move forward by ensuring openness in its policy. According to YB Datuk Seri Salleh, the Communication and Multimedia Ministry policy trusts are ensuring universal access to robust and sustainable communication infrastructure, increasing network security to enable communication, information network, and to provide confidence and trust for users to transact online. YB Datuk Seri Salleh, concluded that the Ministry is working towards ensuring and achieving the target of 95% penetration by 2020 and everyone in the country will be able to reap the benefits of collaborative planning.

The Ambassador of Mexico asking a question whilst Mr. James Beltran, Deputy Chairman Melewar Group and ASLI Senior Advisor Ms. Jean Wong look on.

Participants at the Strategic Issues Forum. ASLI COO Ms. Ng Yeen Seen talking to the Minister. 17 STRATEGIC ISSUES FORUM (SIF) /CORPORATE MALAYSIA ROUNDTABLE (CMR) Ms. Anabel Gonzalez, Senior Director for Global Practice on Trade and Competitiveness, The World Bank Group “Trade and Competitiveness in this New Era of Regional FTAs such as the TPP and How These will Enhance Global Growth?” > 26 FEBRUARY 2016

Strategic Issues Forum Chairman Tan Sri Ramon Navaratnam greeting the World Bank Representative and Country Manager Mr. Faris Hadad Zervos, Tan Sri Dr. Michael World Bank Senior Director Ms. Anabel Gonzalez. Yeoh, Tan Sri Ramon Navaratnam with the World Bank Senior Director Ms. Anabel Gonzalez.

The Ambassador of Turkey with ASLI COO. President of Malaysia Economic Association, Tan Sri Sheriff Mohd Former Bank Negara Assistant Governor Dato Latifah Merican Kassim making a point. Cheong, MAA Deputy Chairman James Beltran Kenanga Investment Bank Director Megat Mizan and Dato Kulasegaran. At the Roundtable discussion moderated by CPPS Chairman Tan Sri Ramon parameters that may affect the result. On average the deal should raise the GDP of Navaratnam, Ms Anabel Gonzalez, Senior Director for Global Practice on Trade and member countries to 1.1% by 2030 and increase global trade in the same period. Competitiveness at the World Bank Group commented that we are at an important juncture for Malaysia, and that the TPPA is a very important component of this. The largest increase in manufacturing exports are Japan, the US, Vietnam and Malaysia, Ms. Gonzalez explained. This is similar for imports and primarily be driven Ms. Gonzalez shared that Malaysia is well integrated into the global value chain, by the size of trade flows, as well as markets and tariffs. Most of the economic gains however the domestic value added is still relatively low. Preferential trade agreements from the TPPA will come from regulatory reforms rather than lower tariffs. This is by provide potential for greater market access for Malaysia, the agreements are also virtue of Malaysia already having agreements with many TPPA countries ensuring low important for structural reforms for private sector led growth. tariffs. She shared that the World Bank has made estimates on what the TPPA will mean for In closing, Ms. Gonzalez shared that one of the biggest sweeping reforms will come the signatory nations, but we need to be cautious because this is based on from legally enforceable conditions that go beyond the WTO - this includes areas such as competition and labour. ASLI CEO AT BOAO FORUM FOR ASIA

ASLI CEO Tan Sri Dr. Michael Yeoh attended the BOAO Forum for Asia with Chairman Malaysian Green Technology Corporation Tan Sri Peter Chin.

Tan Sri Dr. Michael Yeoh with former President of Philippines Tan Sri Dr. Michael Yeoh and Tan Sri Peter Chin at the Former Prime Minister of Malaysia Tun Abdullah Ahmad Badawi and former Chairman of BOAO Forum for Asia Fidel Ramos. BOAO Forum. with former Prime Minister of France Mr. Villepin. 18 ASLI-CPPS GLOBAL RANKING ASLI Centre for Public Policy Studies (CPPS) Maintains 6th Ranking for “Top Best Think Tanks in the Southeast Asia and the Pacific Region” ASLI Centre for Public Policy Studies (CPPS) earned its way into the Top-99 Think Tanks Worldwide in the recently published "2015 Global Go to Think Tank Index Report”, a study Summary of ASLI’s Rankings: involving over 6,500 think tanks. The annual global study also saw the emergence of parent No. 27 in Top Think Tanks with Annual Operating Budgets of Less Than US$5 Million organisation, Asian Strategy & Leadership Institute (ASLI) improve its global ranking as the Top No. 29 in Best New Idea or Paradigm Developed by a Think Tank 124th Think Tank Worldwide (non-US). The study was conducted by the Think Tanks and Civil No. 32 in Best Transdisciplinary Research programme at a think tank Societies Program (TTCSP) at the University of Pennsylvania which is known as the “think tanks’ No. 33 in Best Think Tank Conference think tank”. TTCSP examines the role of public policy research organisations in 1989. The Global No. 40 in Think Tanks with the Most Significant Impact on Public Policy No. 44 in Top Transparency and Good Governance Think Tanks Index of Think Tanks. No. 51 in Best Use of Social Network No. 55 in Best Managed Think Tank CPPS maintained it ranking as the 6th Top Think Tank in Southeast Asia and the Pacific region, No. 56 in Think Tanks with the Best External Relations/Public Engagement Program consolidating its position as the No.1 Malaysian Think Tank. CPPS also improved on its world No. 57 in Best Think Tank Network ranking of Transparency and Good Governance Think Tanks from 27th to 25th. It sits at 29th in the No. 84 in Top Domestic Economic Policy Think Tank global ranking of best Trans-Disciplinary Research Programme at a Think Tank. CPPS is also No. 124 in Top Think Tanks Worldwide (Non-U.S.) ranked 11th globally for Best Quality Assurance and Integrity Policies and Procedures; 66th One on 40 Best Independent Think Tanks globally in the best use of social network; 38th in the world for Best Advocacy Campaign and 50th Summary of CPPS’s Rankings: globally in the education policy think tank. CPPS introduced a Single Price Policy in 2015, No. 6 in Top Think Tanks in Southeast Asia and the Pacific proposing that businesses display prices inclusive of GST and service charges. This policy was No. 11 in Best Quality Assurance and Integrity Policies and Procedures taken up by the Ministry of Domestic Trade. No. 17 in Best Policy Study/Report Produced by a Think Tank No. 25 in Top Transparency and Good Governance Think Tanks No. 25 in Top Think Tanks with Annual Operating Budgets of Less Than US$5 Million The CEO of ASLI, Tan Sri Dr Michael Yeoh is delighted to announce that both ASLI and CPPS have No. 29 in Best Transdisciplinary Research Program at a Think Tank maintain it’s presence in the global ranking. This year, ASLI ranked for the first time in the Top No. 34 in Best Use of Social Networks Domestic Economic Policy Think Tank category, with a respectable 84th place, becoming the only No. 38 in Best Advocacy Campaign Malaysian think tank in this category. ASLI also ranks as the 55th Best Managed Think Tanks in the No. 38 in Best New Idea or Paradigm Developed by a Think Tank world and among one of world’s 40 Best Independent Think Tanks. “We would like to thank our No. 47 in Best Think Tank Conference supporters and partners from the Malaysian government, corporate sectors and the public at No. 49 in Think Tanks with the Most Significant Impact on Public Policy No. 50 in Top Education Policy Think Tanks large, as this would not have been possible without their collaborative efforts. 2015 was once No. 52 in Best Think Tank Network again a busy year with many new projects and initiatives for the ASLI and CPPS team, from local No. 53 in Think Tanks with Outstanding Policy-Oriented Public Programs and international avenues, which have been carried out with high level performance and standard. No. 63 in Think Tanks with the Best External Relations/Public Engagement Program I would like to extend my heartfelt thanks to my abled-staff for their pains and efforts in making No. 66 in Best Use of Social Networks both ASLI and CPPS nationally and regionally renowned institutions.” No. 67 in Best Managed Think Tanks No. 99 in Top Think Tanks Worldwide (U.S. and non-U.S.) CPPS ROUNDTABLE > 18 MARCH 2016

CPPS Chairman Tan Sri Ramon Navaratnam and Senior Director Participants at the CPPS Roundtable. Ng Yeen Seen with the speakers at the Roundtable. Panel speakers for the event included Dato’ Chevy Beh, Founder and CEO of On 18th March 2016, the Centre for Public Policy Studies (CPPS) organised a roundtable BookDoc; Mr. Henry Goh, Co-Founder and Group COO of Macrokiosk; Ms. discussion with the theme, “Making Markets Work for Young Entrepreneurs: An Approach to Fiqa Liyana Chong, Founder of FIQS; and Mr. Zaim Mohzani, Founder and Bring Government, Private Sectors and Local Businesses to Strengthen Entrepreneurship in Principal of Nation Building School. Malaysia”. The event was held at the Bukit Kiara Equestrian & Country Resort and was attended by 35 young participants from various sectors. During discussions, the panel highlighted that entrepreneurship can be used as a platform to overcome chronic issues of youth unemployment. However, ASLI-CPPS Chairman, Tan Sri Ramon Navaratnam delivered the introductory remarks. He this requires them to have creativity and innovation to overcome obstacles, lamented that tens of thousands of Malaysian youth graduates are unemployed, as well as the as well as a need for a conducive environment is needed to encourage the poor level of higher education standards in the country. The lack of skills among today’s youths spirit of entrepreneurism. Mentorship is a crucial factor for new start-ups significantly impedes their chances of success. Tan Sri Ramon Navaratnam encouraged which can be connected through extensive engagements with other participants to emulate successful entrepreneurs like Tan Sri Dr. Jeffrey Cheah, who have grassroot entrepreneurs. Young people also need to develop confidence and contributed to societal welfare through their business enterprise. He urged participants to leadership. Young entrepreneurs also faced difficulty in securing funding but develop the characteristics of an entrepreneur, such as being hard-working, frugal as well as fortunately government initiatives like MaGIC have been implemented to having a high sense of accountability. address such limitations. WORLD HALAL CONFERENCE

ASLI CEO Tan Sri Dr. Michael Yeoh moderating the session with Minister in the Prime Minister Dept Dato Seri Tan Sri .

ASLI CEO moderated the Ambassador Panel at the World Halal Conference.

Tan Sri Dr. Michael Yeoh with a member of Parliament from Minister in the Prime Minister’s Dept Dato Dr. , Morocco, Ms Ng Yeen Seen and Tan Sri Dr. Munir Majid. Former Prime Minister Tun Abdullah Ahmad Badawi and Minister of International Trade & Industry, Dato Seri at the opening of the conference.

19 THE HEALTHCARE FORUM 2016 “Globalising Malaysian Healthcare: Challenges and Opportunities” > 29 MARCH 2016

ASLI Chief Marketing Officer Ms. Melissa Ong; ASLI Chief Partnership Officer Mr. Max Say; Redtone Director Mr. Tan Sri Dr. Michael Yeoh, ASLI CEO looking on as YB Datuk Seri Dr. S. Subramaniam, Stuart Pack; Pfizer Counrty Head Mr. John Mc Kendry; Health Minister of Malaysia YB Datuk Seri Dr. S. Minister of Health Malaysia presenting a sponsor memento to Tan Sri Lee Kim Yew, Subramaniam; ASLI CEO Tan Sri Dr. Michael Yeoh; Founder Country Heights Holdings Tan Sri Lee Kim Yew; Founder of Country Heights Holdings. Dato’ Prof Joseph Adaikalam and Group Managing Director Redtone Dato’ Wei Chuan Beng ASLI organised the Healthcare Forum 2016 themed “Globalising Malaysian Director of NKEA-ETP from PEMANDU moderated the panel comprising Ms Sherene Healthcare: Challenges and Opportunities” on 29th March 2016 at the Palace of the Azura Azli, CEO of Malaysia Healthcare Travel Council and Ms Kiranjit Kaur, Director Golden Horses in Kuala Lumpur. This forum was supported by the Palace of the of Transformational Health at Frost & Sullivan Asia Pacific. They saw the need for Golden Horses, REDtone MEX, Pfizer, Prudential, the Association of Private Hospitals Malaysia to differentiate herself from her regional competitors by undertaking an of Malaysia (APHM), the Academy of Family Physicians of Malaysia (AFPM), InfoMed assessment of her key specialities and focusing on them to grow the medical and Oxford Business Group. A total of 140 people attended, which comprised of tourism sector in terms of both arrivals and revenues. industry professionals, regulators and academics. At the Opening Ceremony, ASLI CEO and Director Tan Sri Dr. Michael Yeoh warmly The first session was entitled “Balancing Healthcare Demand and Supply in the Era of welcomed the delegates and delivered the introductory remarks which commended Globalisation: Opportunities and Challenges”. Dr Hooshmand Palany, Healthcare the Ministry of Health for their bold vision. Next, Tan Sri Lee Kim Yew delivered the Specialist from Agensi Inovasi Malaysia moderated the panel comprising of Dato’ Dr Welcoming Remarks and proposed to host the next forum over 2 days in order to Azman Abu Bakar, Director of the Medical Development Division of the Ministry of incorporate a component on Chinese medicine. The Opening Keynote Address was Health Malaysia; Mr Leonard Ariff Abdul Shatar, Group Managing Director of CCM; Mr delivered by YB Datuk Seri Dr S. Subramaniam, Minister of Health Malaysia. YB Ahmad Shahizam Mohd Shariff, CEO of Pantai Holdings and Prof Dr Rifat Atun, spoke about the need to promote and incentivise healthy living such as encouraging Director of Global Health Systems Cluster at Harvard University. They touched on the more physical activity and less sugar consumption. YB also drew attention to the rise of non-communicable diseases, the potential of telemedicine, the economics of need to strengthen primary care and upgrade ICT for better operational efficiency healthcare and the management of resources, as well as the limited impact of the AEC and patient outcomes. Also at the Opening Ceremony, a Memorandum of and some concerns over certain clauses in the TPP. Understanding was signed between ASLI and the Palace of the Golden Horses to host the following year’s conference. The next session was “Exceeding Expectations: Ensuring Private Healthcare is Indeed Better Healthcare”. The moderator was Dato’ Dr Jacob Thomas, President of APHM The fourth and final session was on “Making the Golden Years the Best Years: while the panellists were Prof Dr Rifat Atun, Director of Global Health Systems Cluster Innovating Aged and Palliative Care”. Tan Sri Dr Mani Jegathesan, Chairman of the at Harvard University; Mr Ahmad Shahizam Mohd Shariff, CEO of Pantai Holdings and Medical Committee and Executive Board Member of the Olympic Council of Asia Dato’ Chevy Beh, Founder and CEO of BookDoc. They discussed about the third way moderated the panel that was made up of Dr Sylvia McCarthy, Medical Director of (i.e. hybrid) consisting of public-private partnerships and outsourcing in addition to Hospis Malaysia; Dato’ Dr Chan Kok Ewe, Chairman of Penang Health Association; social organisations in the public sector that possess many private characteristics; the Ms Sylwin Angdrew Ang, General Manager of Ageing Asia; Prof Dr Abdul Rashid complementary relationship between public and private; and the role of private Khan, Head of Department at Penang Medical College and Dr Thomas Sk Tang, insurance. Thereafter, Mr Yee Kar Fong, CEO of REDtone MEX delivered a special Director of Sustainability, Asia from AECOM. The conversations focused on looking presentation on “The Use of Collaborative Telemedicine Systems”, citing its many beyond retirement; palliative care as a basic human right and insurance coverage for benefits. “Becoming the Destination of Choice in ASEAN for Medical Tourism: Rising home care; opportunities from the silver economy; social support for the elderly as Above the Competition” was the topic of the third session. Dr Chua Hong Teck, former well as intergenerational living.

Dato Wei Chuan Beng, Group MD of REDtone International receiving a sponsor memento from YB Dato’ Chevy Beh, Founder and CEO of BookDoc sharing his perspective on “Exceeding Datuk Seri Dr. S. Subramaniam, Minister of Health Malaysia whilst ASLI CEO Tan Sri Dr. Michael Expectations: Consuming Private Healthcare is Indeed Better Healthcare” Yeoh and Tan Sri Lee Kim Yew, Founder of Country Heights Holdings look on.

Dato’ Dr Jacob Thomas, President of APHM and Chairman of Ramsay Sime Darby Prof Dr. Rifat Atin, Director of Globa Health Systems Cluster, School of Public Health, Healthcare chairing the session on “Exceeding Expectations: Ensuring Private Harvard University speaking at the session on “ Balancing Healthcare Demand and Supply Healthcare is Indeed Better Healthcare”. in the Era of Globalisation: Opportunities and Challenges.” 20 THE 20th MALAYSIAN BANKING SUMMIT “Future Banking: Reimagining Banks – Driving Transformation and Innovation” > 26-27 MAY 2016

Tan Sri Azman Hasim, Chairman of the Asian Institute of Chartered Bankers and AmBank Group delivered the introductory speech in which he advised for the need to re-imagine the banking industry to one that is highly professional, trustworthy, and reputable; as well as capable of providing customers with the best service across both traditional and digital channels. Additionally, he said it should be a sector where students and graduates want to develop their careers and become the chartered bankers of the future. Dato’ Muhammad Ibrahim, the newly appointed Governor of Bank Negara Malaysia, in his address, noted changes in the pace of disruptive technology, which he said, are challenging existing business models in various sectors. Despite a challenging economic environment, successful implemented measures have led to steady economic growth of 4-6% over the past five years. He also pointed out that the Malaysian economy has been only moderately affected by external development shocks due to its openness and integration with the international financial system. Despite this resilience of the Malaysian economy and strength of its fundamentals, Bank Negara predicted that the Malaysian economy would grow at a slightly slower 4-4.5% for 2016. Dato’ Muhammad Ibrahim also announced that Bank Negara would introduce a framework for fintech firms to test innovation in the financial services operational environment. This framework would deliver regulatory clarity for fintech start-ups, banks and consumers, and lower barriers to entry and accelerate the time-to-market for productive innovation, resulting in up scaling their activities to better ASLI CEO with Governor of Bank Negara Malaysia Dato’ Muhammad Ibrahim anticipate and account for regulatory expectations. In a session moderated by ASLI Director and CPPS Chairman, Tan Sri Ramon Navaratnam identified challenges banks faced in relation to new technologies. A lack of awareness of some technologies was seen as a major problem. It was noted that the banking industry also faces many problems in getting the right talent, who are crucial in spurring innovation. In-house training and a relook of the syllabus of tertiary education to train up the right skills were said to been needed to be looked at. During a special World Bank presentation by Mr. Jose de Luna Martinez, Lead Financial Sector Specialist, on Economic Challenges, Banking Reforms and Implications for Malaysia, he reported that the economic outlook in Malaysia is looking very positive as it is located at one of the most dynamic regions in the world. The luncheon keynote address was delivered by YB Datuk , Deputy Minister of Finance II. He advised banks to play a part in development by providing those in the B40 group with business means in terms of financing and capital. YB Datuk Johari also hoped to see more banks and financial providers give out loans not only because of returns, but out of the intent of helping others to improve their standards of living. He also urged that the TPPA offers greater opportunity for local banks to expand into new markets. He advised local banks to up their game by providing efficient and top-notch services to their custom- ers on the global stage in order to spur innovation. By doing this, Malaysian banks can be the banks of choice in the eyes of the international community, he urged. The summit also featured a special presentation by Mr. Faris Hadad-Zervos, Representative to Malaysia and Country Manager of The World Bank. He spoke about Malaysia’s past, current, and future economic prospects. Drawing from the latest PISA studies results, he compared Malaysia’s ranking with others in comparable income groups. He stressed that if Malaysia aspired to be a high-income nation by 2020, there is an urgent need to address its educational deficits to sustain continued productivity. ASLI Senior Advisor Ms. Jean Wong receiving Datuk Johari Abdul Ghani, Deputy Minister of Finance II, looking is ASLI CEO Tan Sri Dr. Michael Yeoh

At the Opening Ceremony, ASLI CEO Tan Sri Dr. Michael Yeoh presenting a ASLI Senior Advisor Ms. Jean Wong, ASLI Director Tan Sri Ramon Navaratnam, Dato’ Muhammad memento to Dato’ Muhammad Ibrahim, Governor of Bank Negara Malaysia. Ibrahim, Governor of Bank Negara Malaysia, Tan Sri Azman Hashim, Chairman of Asian Institute of Looking on are Tan Sri Azman Hashim, Chairman of Asian Institute of Chartered Chartered Bankers, ASLI CEO Tan Sri Dr. Michael Yeoh, Mr. Tay Kay Luan, CEO of Asian Institute of Bankers and ASLI Director Tan Sri Ramon Navaratnam. Chartered Bankers, ASLI Director Puan Sri Susan Cheah.

ASLI CEO Tan Sri Dr. Michael Yeoh,Tan Sri Azman Hashim, Chairman of Asian Institute of Mr. Tay Kay Luan, CEO of Asian Institute of Chartered Bankers Chartered Bankers, ASLI Director Tan Sri Ramon Navaratnam, Mr. Tay Kay Luan, CEO of Asian presenting a memento to Datuk Johari Abdul Ghani, Deputy Minister Institute of Chartered Bankers. of Finance II. Looking on are ASLI Director Tan Sri Ramon Navaratnam and ASLI CEO Tan Sri Dr. Michael Yeoh. 21 THE 20th MALAYSIAN BANKING SUMMIT

(left) Mr. Renzo Viegas, CEO of Group Consumer Banking, CIMB Bank Berhad; Mr. Michael Foong, (left) ASLI Chief Business Partnership Officer/SVP Mr. Max Say; Ms. Seow-Chien Chew Partner of Group Chief Strategy Officer of Maybank Group; ASLI Director Tan Sri Ramon Navaratnam, Mr. Joel Bain & Company Malaysia Inc; Mr. David Hovenden, Managing Director of Southeast Asia, PwC Kornreich, Group CEO of Alliance Bank; Dato Kong Sooi Lin, CEO of CIMB Investment Bank. Strategy& (Malaysia) Sdn Bhd; Mr. Chu Hong Keong, Former CIO of HSBC Bank Msia Bhd.

Tan Sri Dr. Michael Yeoh presenting a memento to Mr. Faris Hadad-Zervos, Representative Mr. Goh Peng Ooi, Group Executive Chairman of Silverlake Axis speaking at the Summit. to Malaysia and Country Manager of The World Bank Group.

(left) ASLI Chief Marketing Officer Ms. Melissa Ong; Mrs. Nora Manaf, Ambassador of Vietnam, Australian High Commissioner, Mr. Tay Kay Luan, Group Chief Human Capital Officer of Maybank Group; Mr. Tay Kay Luan, Chief Executive Tan Sri Eddy Chen and Tan Sri Mohd Sheriff Kassim at the event luncheon. Officer of Asian Institute of Chartered Bankers; Mr. Reza Ghazali, Office Managing Director of Korn/Ferry; Mr. Anthony Raja Devadoss, Vice President – Asia Pacific of Kelly Outsourcing & Consulting Group; Mr. Pathik Gupta, Head of South East Asia, McLagan (AoN Hewitt); Mrs. Hamidah Naziadin, Group Chief People Officer of CIMB Group.

ASLI Director Tan Sri Ramon Navaratnam presenting a memento Datuk Johari Abdul Ghani, Deputy Minister of Finance II with the Australian High to Mr. Michael Foong, Chief Strategy Officer of Maybank Group. Commissioner and Sponsors of the Banking Summit.

22 MIBC BUSINESS MISSION TO JAKARTA & LAMPUNG > 6-7 APRIL 2016

MIBC Chairman Tun Ahmad Sarji with the Governor Tun Ahmad Sarji and Mr. Tanri Abeng, Chairman of Pertamina and Co-chair of Malaysia of Lampung Provinee, Indonesia. Indonesia Business Council and members of the MIBC delegation. The Malaysia-Indonesia Business Council (MIBC) organised a business mission to Jakarta and Lampung on 6 & 7 April 2016. Tun Ahmad Sarji (Chairman) headed the delegation comprising representatives from Amanah Nusantara International, ASLI, BIMP-EAGA Malaysia Business Council, I&P Group, MATRADE, PNB and Sime Darby Plantations. A joint meeting of the MIBC-IMBC was held on 6 April 2016 with 18 attendees from IMBC including Bapak Tanri Abeng (Chairman). Bapak Tanri Abeng is currently also Chairman of PERTAMINA, Indonesia’s state-owned O&G Corporation. The meeting provided a platform for members from both sides to network and share about their business interests as well as to discuss about the re-launching of the councils. Key opportunities identified included financing, infrastructure, education, housing and property development, logistics and F&B. On 7 April 2016, Bapak Tanri Abeng joined the MIBC delegation to meet with the Governor of Lampung, Bapak Ridho Ficardo and his officials. At the meeting, Tun Ahmad Sarji provided an overview of the MIBC-IMBC as well as a brief about MIBC members’ interest in Indonesia. Bapak Governor presented the main investment opportunities available in Lampung (i.e. plantation such as palm oil, paddy, bananas, coffee and coconut; animal husbandry especially cows and chickens; shrimp farming; free trade zone development; power plant development as well as township development) and emphasised his warm welcome for G2G as well as B2B cooperation between Lampung and Malaysia. ASLI CEO & SVP ATTEND FORUM IN MOROCCO ASLI CEO Tan Sri Michael Yeoh and Chief Partnership Officer/SVP, Mr. Max Say were invited by the Government of Morocco to attend the Cransa Montana Forum on South -South and African Nations Cooperation hosted by the Government of Morocco. The speakers included ministers from African countries; academic and business leaders from Europe, Asia and USA. Among them are US civil rights leader Rev Jesse Jackson and the First Lady of Afghanistan.

Tan Sri Dr. Michael Yeoh greeting the First Lady of Afghanistan whilst Mr. Max Say looks on.

The opening of the Crans Montana Forum in Morocco under the Patronage of King of Morocco, King Mohammed VI. ASLI CEO Tan Sri Dr. Michael Yeoh and Senior Vice President Max Say were invited to attend the forum. ASLI Senior Vice President Mr. Max Say with prominent Tan Sri Dr. Michael Yeoh and Mr. Max Say at the US Civil right leader Rev Jesie Jackson. Forum in Morocco. ASLI CHAIRMAN, CEO & COO HONOURED

ASLI Chairman, Tan Sri Dr. ASLI CEO, Tan Sri Dr. Michael ASLI COO, Ms Ng Yeen Seen Jeffrey Cheah was appointed Yeoh was recently elected to was made a Global Young by the Prime Minister to the be a Fellow of the Institute of Leader by the World Global Science & Innovation Directors, United Kingdom Economic Forum Advisory Council

23 ASLI CHINESE NEW YEAR OPEN HOUSE

VIPs at ASLI Chinese New Year Open House Tun Abdullah Ahmad Badawi, Tan Sri Wong Foong Meng, Tan Sri and Tan Sri Radzi Mansor

ASLI Director Tan Sri Razman Hashim and ASLI (left) Tan Sri Murphy Pakiam, Archbishop Emeritus of Kuala Lumpur; Rev Dato Seri Desmond To, Mr. Max Say,Tan Sri Dr. CEO Tan Sri Dr. Michael Yeoh welcoming Julian Leow, Catholic Archbishop of Kuala Lumpur; Minister in PM’s Dept Micheal Yeoh, Tan Sri Lee Kim Yew, Ms. Lillian Selangor Menteri Besar Dato Seri Azmin Ali. Tan Sri Joseph Kurup; ASLI Director Tan Sri Ramon Navaratnam; Minister Too, Ms. Jean Wong and Mr. Matahari Lee in PM‘s Dept Datuk Paul Low; then Senate President Tan Sri Abu Zahar and ASLI Director Tan Sri Razman Hashim.

ASLI CEO Tan Sri Dr. Micheal Yeoh greeting Australian High Commissioner Rod Smith, EU Ambassador Mr. Goh, Ms. Ng Yeen Seen, Puan Sri Kurup, Tan Sri Dato Seri David Yeat Luc Vandebon, US Deputy Chief of Mission Edgard Kagan Joseph Kurup, Tan Sri Razman Hashim and Mr. Henry Goh. and Tan Sri

Former Minister Dato Chua Jui Meng, Formen IGP Tun Archbishop Emeritus of Kuala Lumpur Tan Sri Murphy Pakiam Tan Sri Dr. Michael Yeoh, Tan Sri Lee Kim Yew and Seputeh Hanif Omar and Datin Honey Chua. and Catholic Archbishop of Kuala Lumpur Rev Julian Leow. member of Parliament Teresa Kok.

Ms. Jean Wong, New Zealand High Commissioner Tan Sri Dr. Michael Yeoh greeting Tan Sri Jawhar Hassan. Ms. Ng Yeen Seen with Dato Lim Si Pin and Dr. John Subritzky and Dato Noor Faridah Selangor Gerakan Leaders.