KSI Three Strategic Thrusts: Strategic advice, Curated Events and KS REVIEW Executive Briefings KSI STRATEGIC INSTITUTE FOR ASIA PACIFIC December 2020

KSI Adviser, Datuk Seri Mohd Iqbal presenting a memento to Minister in the Prime Minister’s Department (Economic), YB Dato’ Sri while KSI President, Tan Sri Michael Yeoh and Deputy Chairman, Tan Sri Majid Khan look on.

Tan Sri Michael Yeoh, President of KSI Strategic Institute for Asia Pacific calling on the Prime KSI Chairman, Tan Sri Barry Goh presenting a memento to Minister of Housing and Local Minister, Tan Sri in Parliament House. Government, YB Puan while KSI Adviser, Tan Sri Lee Kim Yew and President, Tan Sri Michael Yeoh look on.

KSI Strategic Institute for Asia Pacific welcomes our new shareholders, directors and advisers.

Advisers

Adviser Adviser Adviser Adviser Tan Sri Francis Yeoh Tan Sri Lim Gait Tong Datuk Seri Mohd Iqbal Dato’ Seri Howard Lee Rawther

Directors

Deputy Chairman Executive Vice Chairman Senior Executive Director Director Tan Sri Majid Khan Dato’ Vaseehar Hassan Dato’ Wei Chuan Beng Dato’ Dr. Jessie Tang 2 THE 2020 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT

The 2020 Asia Economic and Entrepreneurship Summit

8 September 2020 The Ritz-Carlton

YB Dato’ Sri Dr. Haji bin Tuanku Jaafar, Minister of Entrepreneur Development and Cooperatives presenting a memento to Datuk Seri Kenneth Growing H’ng Bak Tee, CEO/Group Managing Director, GUH Holdings Berhad. Looking on is Tan Sri Partnership Michael Yeoh, President of KSI. for Inclusive, Innovative and Sustainable

Tan Sri Lee Kim Yew, Adviser to KSI presenting a souvenir to HE Andrew Goledzinowski Am, High Growth Commissioner of Australia to and HE Charles Hay MVO, High Commissioner of United Kingdom to Malaysia. Looking on was Datuk Seri Azman Ujang, Former Chairman of .

The 2020 Asia Economic and economic cooperation between regions. There consumer class will be from this region. The Entrepreneurship Summit was jointly needs to be aspiration towards a cooperative, shift of political, economic, and military power organised by the KSI, the Pacific Basin inclusive, and peaceful multipolar Asia. towards this region will be the biggest global Economic Council (PBEC), and China Daily development of the coming years. It is crucial Asia Pacific on 8th September 2020 at The The opening address was delivered by YB to maintain a rules-based free and open Ritz-Carlton Kuala Lumpur, with the theme on Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku maritime regime in the Indo-Pacific region for “Growing Partnership for Inclusive, Innovative Jaafar, Minister of Entrepreneur Development the international community as connectivity and Sustainable Growth”. and Cooperatives, Malaysia. He highlighted is also key for the prosperity of international the plight of small companies that have been community. At the same time institutional The summit’s first session discussed the badly affected by COVID-19. He called for the connectivity, such as the streamlining of Future of Asia Pacific Economic Cooperation public and private sectors to work hand- custom practices and standards also facilitate in a Sustainable VUCA World. Moderated in-hand to buffer this impact. The Minister cross boundary business transactions. by Ms Penny Burtt, CEO of Asialink Centre, also highlighted the Malaysian government’s Australia, panel members include of Mr response initiatives for businesses which YB Dato’ Sri Hajah , Malaysia’s Ian C. Buchanan, Emeritus Chair, Australia have led to a V-shape recovery that saw Minister of Tourism, Arts and Culture attended National Committee for Pacific Economic unemployment rates decreasing from 4.9% in the summit as luncheon speaker. She talked Cooperation, Australia; Ambassador Rajiv June compared to 5.3% in May 2020. about the Ministry’s tourism transformation Bhatia, Distinguished Fellow Gateway House agenda that will focus on efforts to increase – The Indian Council on Global Relations, The next session focused on The Indo- revenue, secure partnerships and investment, India; Prof. Xiao Geng, Chairman of the Hong Pacific Vision and Strategy which featured and empower local communities to ensure Kong Institution for International Financ; Dr. HE Andrew Goledzinowski Am, High the sustainability and resilience of the Eden Woon, President of the Asian Institute Commissioner of Australia to Malaysia, HE tourism industry. She strongly encouraged of Technology, Thailand, and Mr Goh Peng Charles Hay MVO, High Commissioner of the the adoption of digital mediums to showcase Ooi, Executive Chairman of Silverlake Axis. United Kingdom to Malaysia, and HE Hiroshi the arts which can be promoted using virtual It identified that economic integration is key Oka, Ambassador of Japan to Malaysia as platforms. She also reminded delegates to economic recovery where collaboration panel speakers, and Datuk Seri Azman Ujang, that innovation is much more than inventing can unlock new business opportunities. Asia Former Chairman of BERNAMA as moderator. or creating new ideas, but is also about a will soon become the centre of the global It was explained that the Indo-Pacific is an change in mindset where innovation must be economy and must decide if it wants to expanding strategic viewpoint which cannot ingrained into one’s culture. usher an age of development with peace be separated by region as the two areas are and harmony or deal with expansionism and interconnected, a view that is being adopted The Minister then gave out the recipients of aggression. Events occurring in the different by more countries. Economies of the Indo- 2020 Asia Pacific Excellent Entrepreneur regions around the world are interlinked as Pacific will account for 41% of global GDP Lifetime Achievement Awards. The winners geopolitics has an impact on the future of by 2030. By then, two-thirds of the global were Mr. Ng Kong Chin, President of Midea Scott & English Sdn Bhd; Dato’ Dr. Jessie Tang, Chief Executive Officer of East West One Group (Achievement Award for Woman Entrepreneur); Datuk Seri Kenneth H’ng Bak Tee, CEO & Group Managing Director of GUH Holdings Berhad; Mr Mark Chang Mun Kee, CEO of JcbNext Berhad; Datuk Benjamin Reynauld, President of SSP Global Energy Solutions Ltd; Dato’ Rosman Mohamed, Chief Executive Officer of Bank Kerjasama Rakyat Malaysia Berhad; and Prof. Dato’ Chin Yew Sin, JP, Chairman of Bioplus Life Corporation, USA and Deputy Chairman of EKA Noodles L to R: Dato’ Jean Wong, Advisor, Business Development to KSI; Tan Sri Majid Khan, Deputy Chairman, KSI; Tan Sri Michael Yeoh, Berhad, Malaysia. President, KSI; Dato’ Rosman Mohamed, CEO, Bank Kerjasama Rakyat Malaysia Berhad; HE Charles Hay MVO, High Commissioner of the United Kingdom to Malaysia, and Mr Max Say, Executive Director and Chief Partnership Officer, KSI. 3 THE 2020 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT

Recipients of the 2020 Asia Pacific Excellent Entrepreneur Lifetime Achievement Awards. L to R: Dato’ Dr. Jessie Tang, CEO, East West One Group; Datuk Benjamin Reynauld, President, SSP Global Energy Solution (Ms Daphane Song receiving the Award on his behalf); Prof. Dato’ Chin Yew Sin, JP, Chairman of BIOPLUS Life Corporation, USA and Deputy Chairman of EKA Noodles Berhad, Malaysia; Tan Sri Michael Yeoh, President of KSI; YB Dato’ Sri Hajah Nancy Shukri, Min-ister of Tourism, Arts and Culture; Tan Sri Majid Khan, Deputy Chairman of KSI; Mr Ng Kong Chin, President, Media Scott & English Sdn Bhd; Dato’ Rosman Mohaned, Chief Executive Of-ficer, Bank Kerjasama Rakyat Malaysia Berhad; Datuk Seri Kenneth H’ng Bak Tee, CEO/Group Managing Director, GUH Holdings Berhad; and Mr Mark Chang Mun Kee, CEO, JcbNext Berhad (Mr Greg Poarch receiving the Award on his behalf).

Distinguished Role-Players at the Mr Michael Walsh, CEO of the Pacific HE Charles Hay MVO, High Commissioner of Presenting a memento to YB Dato’ Sri Hajah Nancy session of the Future of Asia Pacific Basin Economic Council delivering the United Kingdom to Malaysia and HE Hiroshi Shukri, Minister of Tourism, Arts and Culture at the Economic Cooperation in a Sustainable his welcoming speech via Zoom. Oka, Ambassador of Japan to Malaysia at the Special Luncheon Address of the 2020 Asia Economic VUCA World. Ambassadorial Session. and Entrepreneurship Summit.

The summit’s third session focused on the Dr. Dennis Ng, Chairman of Victory Ministries moderated by Dr. Oh Ei Sun, Senior Fellow SDGs. Panellist highlighted that Asia Pacific Foundation Ltd / Institute of International in KSI. The session highlighted that the was not where it should be at the end of 2019 Harmony and Sustainable Development, SMEs were caught unprepared for COVID-19 on any of the SDGs targets. Not only has Hong Kong; YB , Former as they did not have the digital platforms progress been slow, but some countries have Chair of the All-Party Parliamentarians necessary to conduct their businesses as they regressed on some of the goals, particularly Group on SDG’s / Member of Parliament for focused more on the domestic market. Many in the area of equality (Goal 10) and Peace, ; and Ms Omna Sreeni-Ong, businesses, especially in the manufacturing Justice and Strong Institutions (Goal 16), Founder/Managing Director of ENGENDER sector, are still reliant on manual labour and which is worrying. This situation has been Consultancy. Datuk Dr. Denison Jayasooria, a manual means of production despite much worsened by COVID-19. Strategies need Co-Chairman of the Malaysian CSO-SDG discussion about IR4.0. There needs to be to be devised to recuperate and prevent Alliance moderated the session. a clear ecosystem to support and organise the objectives SDG initiatives to be lost the industry, such as the necessary supply- due to the pandemic. There is still a lack The fourth session focused on digitalisation chains, to help transform businesses to allow of awareness and understanding of what in the Asia Pacific. Speakers on this panel them to adopt emerging technologies. These the SDGs are about, yet collective action include Mr Adam Yee, President & CEO, initiatives should be incentivised to encourage is required from all members of society to Siemens Malaysia; Mr Shazali Sulaiman, the update of technology adoption. However, bring about community empowerment. This Partner, Shazali & Partners, Brunei Darussalam; education has not caught up with Industry 4.0 requires stronger partnership between the Dato’ Henry Goh, Co-Founder & Chief which will lead to serious consequences as private sector, government, and civil society Operating Officer, MACROKIOSK; and Prof. graduates may be obsolete by the time they organisations to bring about a transformative Dato’ Dr. Chin Yew Sin, JP, Deputy President graduate. While having a digital workforce is reality, particularly at the grassroot level. Panel cum Chief Coordinator, Asia-Pacific Region important, equally importance is determining members for this session include Dr. Mia Mikic, of MHSSATJ, United Nations and Advisor how this digital workforce is able to serve a Director of Trade, Investment and Innovation for Asia-Pacific Region, Global One Belt purpose. Each country needs to develop an Division, UN ESCAP, Bangkok; Bishop Prof. One Road Association. The session was innovative mindset, otherwise they will always be dependent on other countries.

YB Maria Chin Abdullah, Former Chair, All Party Parliamentarians Group of SGD’s/Member of Parliament for Mr Adam Yee, President & CEO, Siemen Malaysia speaking at the session on Petaling Jaya speaking at the session on SDG’s. On her right is Ms Omna Sreeni-Ong, Founder/Managing Digitalization, AI and Robotics. On his left is Dr. Oh Ei Sun, Senior Fellow, Singapore Director, ENGENDER Consultancy and former Secretary-General, National Council of Women’s Organisations, Institute of International Affairs / Senior Fellow in KSI Strategic Institute for Asia Pacific Malaysia (NCWO); and her left is Datuk Dr. Denison Jayasooria, Co-Chairman, CSO-SDG Alliance Malaysia. and far left is Dato’ Henry Goh, Co-Founder & Chief Operating Officer, MACROKIOSK.

YB Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku Dato’ Dr. Jessie Tang, CEO, East West One Group L to R: Dato’ Dr. Jessie Tang, Director of KSI; YB Mr Ng Kong Chin, President, Jaafar, Minister of Entrepreneur Development and receiving an Award on the Woman Entrepreneur of the Dato’ Sri Hajah Nancy Shukri, Minister of Tourism, Midea Scott & English Sdn Cooperatives presenting a memento to Mr Ng Kong Year from the Minister of Tourism, Arts and Culture, YB Arts and Culture; Dato’ Jean Wong, Advisor of KSI; Bhd was conferred the Asia Chin, President Midea Scott & English Sdn Bhd. Dato’ Sri Hajah Nancy Shukri. Looking on were Tan Sri and Dato’ Dr. Noor Zari bin Hamat, Secretary-General Pacific Excellent Entrepreneur Looking on is Tan Sri Michael Yeoh, President of KSI. Michael Yeoh, President of KSI (left) and Tan Sri Majid of the Ministry of Tourism, Arts and Culture. Lifetime Achievement Award. Khan, Deputy Chairman of KSI (right). 4 THE MALAYSIAN ECONOMIC SUMMIT 2020

The Malaysian Economic Summit 2020

12 October 2020 The Ritz-Carlton Kuala Lumpur COVID-19: In his opening keynote address, Minister of Finance, YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz said that Budget Assessing Financial 2021 will be an opportune time for the government to consider. The Minister added that as part of the government’s 6R Recovery Strategy, Budget and Economic Impacts 2021 focuses on revitalising the economy and aims to protect lives and livelihood, builds on the current recovery momentum, & Its Aftermath spurred by the RM305 billion economic stimulus packages under Prihatin, Penjana and Kita Prihatin. Budget 2021 will also underline a combination of business-friendly policies, prudent fiscal management, and effective transformation tools to build the nation’s resilience against future economic shocks.

The Minister also reiterated that Malaysia remained open for business and the government has helped businesses maintain their operating capacity through initiatives such as the Wage Subsidy Programmes that have saved 2.6 million jobs, as well as technology adoption programmes which helped upgrade businesses, both large and small.

Dr. Jome Kwame Sundaram speaking in his panel session said that government bonds for borrowing should be issued domestically L to Right: Mr Max Say, Executive Director and Chief Partnership Officer, KSI; Ms Pamela Geh, Director of Group Human Resource, MUI Group; Dato’ Jean Wong, Adviser, Business Development, KSI; H.E. Mr Dag Juhlin-Dannfelt, Ambassador, Embassy of Sweden and sold to Bank Negara Malaysia to help in Kuala Lumpur; Mr Adam Yee, President & CEO, Siemens Malaysia; Dato’ Wei Chuan Beng, Senior Executive Director, KSI; Tan minimise the cost of borrowings and Sri , Chairman, ECKL Advisory Council / Chairman, Berhad; Tan Sri Michael Yeoh, President of KSI; Dato’ Lim Han Soon, Independent Non-Executive Director, Corporation Berhad; H.E. Pascal Gregoire, Ambassador, spending. Embassy of Belgium; H.E. Gunn Jorid Roset, Ambassador Royal Norwegian Embassy, Kuala Lumpur and Mr Juha Salin, Economic Counsellor, US Embassy. 2020 is indeed a challenging year for all of us. The pandemic COVID-19 has become one of the most difficult tests faced by humanity in modern history.

As the pandemic has spread it has taken diversified sources of growth and external lives, stirred anxiety and political drama, trade structure have helped mitigate overwhelmed health systems, and triggered domestic and external developments, while Datuk Seri Mohamed Iqbal Rawther, Chairman, the Economic potentially lasting geopolitical change. The the continued presence of domestic and Club of Kuala Lumpur (ECKL) / Adviser, KSI Strategic Institute International Monetary Fund says the global institutional investors, as well as deep and for Asia Pacific chaired the session on “Assessing COVID-19 Impacts on the Economy and Implications for Business” at the economy now faces its worst downturn liquid financial markets remain supportive Malaysian Economic Summit 2020. Looking on is Mr Azrani since the Great Depression of the 1930s. of an orderly financial market condition. Rustam, Vice President, Malaysian International Chamber of Commerce & Industry (MICCI). This 2020 Summit is jointly organized by In his opening keynote address, Minister the KSI Strategic Institute for Asia Pacific of Finance, YB Senator Datuk Seri Tengku (KSI) and the Economic Club of Kuala Datuk Seri Zafrul Tengku Abdul Aziz said Lumpur (ECKL). that Budget 2021 will be an opportune time for the government to consider and At the Summit, the Chairman, ECKL adopt more sustainable ways to grow the Advisory Council and Chairman, Bursa economy and build the country’s resilience. Malaysia, Tan Sri Abdul Wahid Omar The pandemic remains a threat to our said in his welcome address that solid socio-economic recovery, development and fundamentals built over the years have future growth. As such, moving forward, accorded Malaysia some resilience to deal Malaysia will play to its strength, and just as Session 1: Assessing COVID-19 Impacts on the Economy and with COVID-19 shocks. The country’s how digitalisation has been accelerated by Implications for Business. L to R: Datuk Seri Mohamed Iqbal healthcare system has demonstrated the Covid-19 lockdowns. This will also be an Rawther, Chairman, The Economic Club of Kuala Lumpur (ECKL) / Adviser of KSI; Mr Nurhisham Hussien, Chief Strategy robustness and resilience during the opportunity to move up the value chain. Officer, Employees Provident Fund (EPF); Mr Andrew Khoo, ongoing health crisis. In addition, Chairman & CEO, Malayan United Industries Berhad and Dr. Jomo Kwame Sundaram, Senior Adviser, Khazanah Research Institute (KRI). 5 THE MALAYSIAN ECONOMIC SUMMIT 2020

In the Summit, Session 1 on Assessing with urgent cash needs due to the COVID-19 COVID-19 Impacts on the Economy outbreak. The moderator for this session and Implications for Business saw the was Emeritus Prof. Datuk Norma Mansor, participation of Datuk Seri Mohamed Iqbal President, Malaysian Economic Association Rawther, Chairman, the Economic Club (MEA) and the panellists were Dato’ of Kuala Lumpur (ECKL) / Adviser, KSI Henry Goh, Co-Founder & Chief Operating Strategic Institute for Asia Pacific as the Officer, MACROKIOSK; Pn Sharifah Najwa moderator and the panellists were Dr. Jomo Syed Abu Bakar, Chief Officer, Knowledge Kwame Sundaram, Senior Adviser, Khazanah Management & Strategy Divison, SME Research Institute (KRI); Mr. Andrew Khoo, Corporation Malaysia; Mr. George Lee , Group Session 2: Business Continuity & Financing: The aftermath of Chairman & Chief Executive Officer, Malayan Chief Executive Officer, Kashtec Holdings; COVID-19. L to R: Emeritus Prof. Datuk Norma Mansor, President, Malaysian Economic Association (MEA); Dato’ Henry Goh, Co- United Industries Bhd: Mr. Nurhisham Mr. Andrew Sill, Managing Director, Country Founder & Chief Operating Officer, MACROKIOSK; Puan Sharifah Hussein, Chief Strategy Officer, Employees Head of Commercial Banking, HSBC Malaysia Najwa Syed Abu Bakar, Chief Officer, Knowledge Management and Strategy Division, SME Corporation Malaysia; Mr George Lee, Group Provident Fund (EPF); Mr. Alan Tan Chew and Mr. Yee Wing Peng, Chief Executive CEO, Kashtec Holdings; Mr Andrew Sill, Managing Director, Country Leong, Head of Research/ Chief Economist, Officer, Deloitte Malaysia. Head of Commercial Banking, HSBC Malaysia and Mr Yee Wing Peng, Affin Hwang Investment Bank and Mr. CEO, Deloitte Malaysia. Azrani Rustam, Vice President, Malaysian Dato’ Maznah Abdul Jalil, Exco Member, International Chamber of Commerce & Economic Club of Kuala Lumpur (ECKL) Industry (MICCI). moderated the 3rd session on Malaysia 2021 & Beyond: Jobs and Economy discussing Session 2 on Business continuity & the impact of the pandemic and measures financing: The aftermath of COVID-19 to soften the impact of COVID-19 to ensure discussed credit solutions for companies sustainable economic growth and jobs. The

Business Continuity & Financing: The aftermath of COVID-19. L to R: Puan Sharifah Najwa Syed Abu Bakar, Chief Officer, Knowledge Management and Strategy Division, SME Corporation Malaysia; Emeritus Prof. Datuk Norma Mansor, President, Malaysian Economic Association (MEA); Mr George Lee, Group CEO, Kashtec Holding and Mr Yee Wing Peng, CEO, Deloitte Malaysia.

L to R: Ms Pamela Geh, Director of Group Human Resource, MUI Group; Mr Adam Yee, President & CEO, Siemens Malaysia; Tan Sri Michael Yeoh, President, KSI, Tan Sri Adbul Wahid Omar, Chairman, ECKL Advisory Council / Chairman; Datuk Seri Mohamed Iqbal Session 4: COVID-19: Protecting your supply chain. L to R: Prof. Dr. Rawther, Chairman, The Economic Club of Kuala Lumpur (ECKL) / Adviser or KSI; Dato’ Lim Han Soon, Independent Non-Executive Marco Tieman, CEO, LBB International; Mr RS Baskkaran, Founder, Director, Top Glove Corporation Berhad and Mr Inderjit Singh, Acting Chief Regulatory Officer, BURSA Malaysia. Bridge Asia Resoruces; Mr Edward Clayton, Partner, PwC Capital Projects & Infrastruture (Malaysia & Vietnam); Dr. David Gonsalvez, CEO & Rector, Malaysia Institute for Supply Chain Innovation (MISI) and Mr Chin Chee Seong, National Vice President, SME Association of Malaysia.

Panellists in this session included Prof. Dr. Rajah Rasiah, Distinguished Professor of Economics, Asia-Europe Institute, ; Prof. Dr. Sulochana Nair, Vice Chancellor, Binary University; Dr. Mohd Afzanizam Abdul Rashid, Chief Economist, Bank Islam Malaysia Berhad; Dr. Sumitra Nair, Vice President, Digital Talent Development, Tan Sri Adbul Wahid Omar, Chairman, ECKL Advisory Council / Chairman, Bursa Malaysia Berhad presenting a memento to our Corporate Partner Siemens Malaysia represented by Mr Adam Yee, President & CEO at the Malaysian Economic Summit 2020. Malaysia Digital Economy Corporation Looking on are Tan Sri Michael Yeoh, President of KSI; Datuk Seri Mohamed Iqbal Rawther, Chairman, The Economic Club of Kuala (MDEC) and Mr. Adam Yee, President & Chief Lumpur (ECKL) / Adviser or KSI and Dato’ Lim Han Soon, Independent Non-Executive Director, Top Glove Corporation Berhad. Executive Officer, Siemens Malaysia.

The final session of the Summit focused on COVID-19: Protecting your supply chain. This session discussed how and what can businesses do to protect themselves, the recommendations and the implementation. This session was moderated by Dr. David Gonsalvez, Chief Executive Officer & Rector,

L to R: Dato’ Jean Wong, Adviser, Business Development, KSI; Dato’ Vaseehar Prof. Dr. Rajah Rasiah, Distinguished Professor Malaysia Institute for Supply Chain Innovation Hassan, Executive Vice Chairman, KSI; Datuk Seri Mohamed Iqbal Rawther, of Economics, Asia-Europe Institute, University (MISI) and joining him on the panel were Prof. Chairman, the Economic Club of Kuala Lumpur (ECKL) / Adviser, KSI Strategic of Malaya delivering his view at the Session 3 on Institute for Asia Pacific and Dato’ Ramesh Kodammal, Co-Chairman, ASEAN-India “Malaysia 2021 & Beyond: Jobs and Economy” at Dr. Marco Tieman, Chief Executive Officer, Business Council / Managing Director, Goldtex Exim Sdn Bhd. the Malaysian Economic Summit 2020. LBB International; Mr. RS Baskkaran, Founder, Bridge Asia Resources and Mr. Edward Clayton, Partner, PwC Capital Projects & Infrastructure (Malaysia & Vietnam).

The Summit saw the participation of more than 140 participants on site with another 80 participants attending on the virtual platform. The Summit was made possible with the support of our Corporate Partners, Bursa Malaysia, The MUI Group, MACROKIOSK, Top L to R: Dato’ Jean Wong, Adviser, Business Development of KSI; Datuk Seri Mohamed Iqbal Rawther, Chairman, The Economic Club of Kuala Lumpur (ECKL) / Adviser or KSI; Tan Sri Adbul Wahid Omar, Chairman, ECKL Advisory Council / Chairman, Bursa Malaysia Glove and Siemens Malaysia. Berhad; Dato’ Maznah Abdul Jalil Exco Member, Economic Club of Kuala Lumpur (ECKL);Tan Sri Michael Yeoh, President of KSI and Sr Michael Geh, Senior Partner, Raine & Horne International Zaki + Partners Sdn Bhd. 6 THE 2020 MALAYSIAN BANKING AND FINANCE HIGH LEVEL MEETING AND VIRTUAL CONFERENCE

The 2020 Malaysian Banking and Finance High Level Meeting and Virtual Conference

23 July 2020 Hotel Istana Kuala Lumpur Digitization: The Age of Disruption in the Banking and Finance Industry

The 2020 Malaysian Banking and Finance facing the Malaysian economy such as out our employment issues. In fact, even High Level Meeting and Virtual Conference competition and consumer confidence must successfully tackling the additional challenges with the theme “Digitization: The Age of be addressed. brought about by the COVID-19 pandemic Disruption in the Banking and Finance will be insufficient. While the resolution of Industry” was held on 23 July 2020 at the He also added that the fall in our those issues will increase business efficiency, it Hotel Istana Kuala Lumpur. competitiveness is due to an apparent decline would be inadequate in spurring government in Government efficiency, business efficiency efficiency. This is evident as Government The age of disruption has arrived in the global and infrastructure. High youth unemployment efficiency is also about having effective banking and finance industry. Digital banking and increasing underemployment are institutions that are sound, honest and fair, licensees been issued by several jurisdictions diminishing the Malaysian economy’s ability thereby guaranteeing consumer confidence will change the nature of banking and finance to compete effectively in an increasingly and competitiveness. bringing access to even more people than digitalised global market. ever before. The topics discussed at the Conference As a result, business efficiency is affected include the Global, Technological and The Conference was held in association with as a huge talent pool is left out of the Economic Challenges: What will Shape the the Association of Banks in Malaysia. YB process of encouraging businesses to adopt Future of Banking; Digital Banking – The Dato’ Sri Mustapa bin Mohamed, Minister in new technology. This is a challenge to Game Changer: How will it Disrupt Banking, the Prime Minister’s Department (Economy) the Malaysian economy as our businesses How are Traditional Banks Responding? delivered the Opening Keynote Address on are inefficient as they struggle to adapt What are the Prospects for Digital Bank?; the Current Challenges Facing the Malaysian to changing trends. Having said that, the Sustainable Banking – The Way Forward Economy. In his speech, he pointed out Government believes that banks have the towards Sustainability and Enhancing ESG that the Malaysian economy has been capacity to help businesses become more Issues in Banking; Leadership and Talent facing challenges in sustaining its economic efficient and competitive through technology. Management: Enhancing Operational competitiveness for several years now as it Excellence in a Digital New Era through competes with emerging economies around In conclusion of his speech, he mentioned Technology and People; and Financial the region. And in order to maintain our that the Malaysian economy’s competitive Literacy and Financial Inclusion: Protecting standing as the most competitive economy problems will not be resolved by just the Unbanked in an Era of Digital Banking and in ASEAN after Singapore, the key challenges technological advancements and sorting Consumer Protection.

Opening Ceremony of the 2020 Malaysian Banking and Finance Summit. L to R: Tan Sri Michael Yeoh, President, KSI; YB Dato’ Mr CC Puan, Group Managing Director / CEO, Green Packet Sri Mustapa Mohamed, Minister in the Prime Minister’s Departmenr (Economy); Datuk Seri Mohames Iqbal Rawther, Chairman, Berhad (left) and Mr Abrar Anwar, Managing Director & CEO, Economic Club Kuala Lumpur; and Tan Sri Majid Khan, Deputy Chairman, KSI. Standard Chartered Bank Malaysia Berhad.

YB Dato’ Sri Mustapa Mohamed, Minister in Prime Minister’s Department (Economy) was greeted on arrival by KSI Advisor, Dato’ Jean Wong (left) and Chief Operating Officer, Ms Caroline Cheong. Group Photograph with KSI’s Directors, VIPs and Senior Representatives from our Sponsors. 7 THE 2020 MALAYSIAN BANKING AND FINANCE HIGH LEVEL MEETING AND VIRTUAL CONFERENCE

Role-Player of the Sustainable Banking Session. L to R: Mr Eddie Hu, Managing Director, Elegant Hallmark Sdn Bhd; Dato’ Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Mr Goh Peng Ooi, Executive Chairman, Silverlake Group speaking at the Digital Banking Session. Financial Professionals (CIIF) / Former CEO, CIMB Islamic Bank Berhad; Datuk Noripah Kamso, On his left is Mr Abrar A. Anwar, Managing Director & CEO, Standard Chartered Bank Malaysia Former Chairman, Bank Kerjasama Rakyat Malaysia; Mr Othman Abdullah, Chief Executive Officer, Berhad; Mr Chan Kok Long, Co-Founder & Executive Director, iPay88 Sdn Bhd; Mr Daniel Mankani, Silverlake (Islamic Banking, Innovative Services Delivery); Mr Promod Dass, Deputy Group CEO, Founder and Managing Partner, Banking Technologies Asia Msc and Mr Ricky Lew, Vice President RAM Holdings Berhad; Mr Yee Wing Peng, CEO, Deloitte Malaysia; and Mr Adam Ngm Sustainable of Business Development, KiplePay. Finance Expert, WWF-Malaysia.

Role-Players of the Gobal, Technological and Economic Challenges Session. L to R: Dato’ Charon The Session on the Leadership and Talent Management was chaired by Datuk Nora Abd Manaf, Wardini bin Mokhzani, Group Managing Director, Malaysian Industrial Development Finance Group Chief Human Capital Officer, Maybank. On her right is Prof. Dato’ Dr. Azmi Omar, President Berhad; Dato’ Ong Eng Bin, CEO, OCBC Bank (Malaysia) Berhad; Mr Shankar Kanabiran, Partner & CEO, Internation Centre for Education in Islamic Finance (INCEIF); and her left is Mr Tay Kay and Malaysia Financial Services Consulting Leader, Ernst & Young Advisory Services Sdn Bhd; Luan, Vice Chancellor, International Iniversity of Malaya-Wales / Former CEO, Asian Institute of Datuk Seri Mohamed Iqbal Rawther, Chairman, Economic Club of Kuala Lumpur (ECKL); Ms Elain Chartered Bankers; Mr Indra Dhanu, Director, People & Organisation, South East Asia Counsulting, Lockman, Co-Founder & Director, Ata Plus Sdn Bhd and Ms Wong Hooi Ching, Managing Director PwC; and Dato’ Henry Goh, Co-Founder & Chief Operating Officer, MACROKIOSK. and Head of Financial Institution, Standard Chartered Malaysia Berhad.

Distinguished role-players include Dato’ Business Group; Mr Daniel Mankani, Managing Ms Marina Baharuddin, CEO, Ombudsman Charon Wardini bin Mokhzani, Group Partner, Banking Technologies Asia; Mr Eddie for Financial Services; Mr Samsudin Samsuri, Managing Director, Malaysian Industrial Hu, Managing Director, Elegant Hallmark; Associate Partner, Ernst & Young Advisory Development Finance Bhd; Dato’ Ong Eng Dato’ Badlisyah Abdul Ghani, President, Services; Mr Eric Chin, CEO, CTOS Data Bin, CEO, OCBC Bank (Malaysia) Bhd; Mr Chartered Institute of Islamic Financial Systems; and Dato’ Dr. Vaseehar Hassan, Shankar Kanabiran, Partner & Malaysia Professionals; Datuk Noripah Kamso, Former Senior Associate, Kets de Vries Institute; Financial Services Consulting Leader, Ernst & Chairman, Bank Kerjasama Rakyat Malaysia; Young Advisory Services; Ms Elain Lockman, Mr Yee Wing Peng, CEO, Deloitte Malaysia; This high level one-day Conference was Co-Founder & Director, Ata Plus; Ms Wong Mr Promod Dass, Deputy Group CEO, RAM sponsored by Silverlake Group being the Hooi Ching, Head of Financial Institutions, Holdings Bhd; Dr. Adam Ng, Sustainable Main Sponsor; NetPartners as the Corporate Standard Chartered Bank Malaysia Bhd; Datuk Finance Expert, WWF-Malaysia; Mr Othman Sponsor; and Green Packet/KiplePay and Seri Mohamed Iqbal Rawther, Chairman, Abdullah, CEO, Silverlake (Islamic Banking, Sunline being the Technology Partners. Economic Club of Kuala Lumpur; Mr Abrar Innovative Services Delivery); Prof. Dato’ Dr. The Conference was also supported by the Anwar, Managing Director & CEO, Standard Azmi Omar, President & CEO, International Economic Club of Kuala Lumpur (ECKL); Chartered Bank Malaysia Bhd; Mr Goh Peng Centre for Education in Islamic Finance; Malaysia Retail Chain Association (MRCA) Ooi, Executive Chairman, Silverlake Group; Mr Dato’ Henry Goh, Chief Operating Officer, and the Malaysian International of Chamber of Chan Kok Long, Executive Director, iPay 88; MACROKIOSK; Mr Tay Kay Luan, Vice Commerce and Industry Malaysia (MICCI); Mr Tan Kah Chye, Director, Kashtec Holdings Chancellor, International University of Malaya- Pte Ltd; Mr Ricky Lew, Vice President of Wales; Mr Indra Dhanu, Director, People & About 120 participants attended the Business Development, KiplePay; Mr Steven Organisation, Southeast Asia Consulting, PwC; Conference which was held both physically on Wong, Chief Operating & Financial Strategist, Datuk Nora Abd Manaf, Group Chief Human site and via Zoom. China Construction Bank (Malaysia) Bhd; Capital Officer, Maybank; Dato’ Dr. Paul Selva Mr Matthew , CEO, Sunline’s Overseas Raj, Secretary General and CEO, FOMCA;

KSI Staff with YB Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy).

L to R: Dato’ Ong Eng Bin, CEO, OCBC Bank (Malaysia Berhad); Datuk Noripah Presenting a memento to our Main Sponsor YB Dato’ Sri Mustapa Mohamed, Minister in the Prime Minister’s Kamso, Former Chairman, Bank Kerjasama Rakyat Malaysia; Tan Sri Michael Yeoh, – Silverlake Group, represented by Mr Departmenr (Economy) is having a chat with Tan Sri Majid President, KSI; Ms Jennifer Cheng, Vice President, DBS Bank Ltd, Branch, Othman Abdullah, CEO of Silverlake (Islamic Khan, Deputy Chairman, KSI whilst Tan Sri Michael Yeoh, Mr Jonathan Ong, ECKL, Dato’ Md Taib Abdul Hamid, MAJECA and Mr Max Say, Banking, Innovative Services Delivery). President looks on. Executive Director and Chief Partnership Officer, KSI. 8 MALAYSIAN HEALTHCARE CONFERENCE 2020

Malaysian Healthcare Conference 2020

25 August 2020 The Ritz-Carlton Kuala Lumpur Innovations & Technologies: Shaping the Future of Healthcare

L to R: Ms Caroline Cheong, Chief Operating Officer / Executive Director, Research & Programs, KSI; YB Datuk Seri Dr. Haji Dzulkefly Bin Ahmad, Former Minister of Health Malaysia / Chairman of ’s New Special Opening Session: L to R: Tan Sri Michael Yeoh, President, KSI; YB Dato’ Sri Dr. Adham bin Baba, Minister of Health Action Council for the Control and Prevention of the Coronavirus Disease Malaysia; and Tan Sri Majid Khan, Deputy Chairman, KSI. (COVID-19); and Ms Kamala Batumalay, Conference Admin Manager, KSI.

The Minister of Health also said that “digital health” refers to the use of digital technologies for health. It is an umbrella term that includes electronic health (e-Health), mobile health (m- health) and emerging areas such as the use of artificial intelligence (AI), Big Data and genomics. Digital health can enable healthcare providers and services to become more efficient and of higher quality. Digital technologies can also help the general public to attain access to timely and expert advice via tele-consultation in health emergencies which can save lives. KSI conferred a Distinguished Lifetime Achievement Award for Public Health Leadership on the Director General of Health, Tan Sri Dr. Noor Hisham Adbullah.

KSI Strategic Institute for Asia Pacific This year, the Malaysian Healthcare organised the Malaysian Healthcare Conference 2020 was officiated by the Conference themed “Innovations & Minister of Health, YB Dato’ Sri Dr. Adham Technologies: Shaping the Future of bin Baba. In the Opening Keynote Address, Healthcare” on 25th August 2020 at the the Minister focused on leveraging Ritz-Carlton Kuala Lumpur. innovations and technology in reshaping the future of healthcare and urge the The Conference began with the panel public to adhere to the Ministry’s SOPs and discussions on “The New Competitive cooperate to ensure that Malaysia is “free” Landscape in Healthcare” which was from the disease (COVID-19). moderated by Tan Sri Dato’ Dr. Abu Bakar KSI’s President, Tan Sri Michael Yeoh presenting a token of Suleiman, Chairman, IMU Group. Tan In Session 2 on “The Next Frontier of appreciation to the Minister of Health, YB Dato’ Sri Dr. . Looking on is Tan Sri Majid Khan, Executive Chairman of KSI. Sri, in his short speech said that health Digital Drug Discovery”, the panellists care providers work hard to deliver were Mr. Amrahi Bin Buang, President, good healthcare, however care has not Malaysian Pharmaceutical Society (MPS) improved much and the health care system and Mr. Leonard Ariff Abdul Shatar Group remains chaotic, unreliable, inefficient Managing Director, Duopharma Biotech and crushingly expensive. The panellists Bhd. This session was moderated by Mr. HK in this session were Mr. Tirupathi Karthik, Yong, Trustee & Audit Chair, World Fish/ Chief Executive Officer, Napier Healthcare Asian Council, International Project Finance Solutions Pte Ltd, Mr. Rangam Bir, President Association. & Chief Executive Officer, Gibraltar BSN Life Berhad, Dr. Raymond Choy, Co- founder and YB Datuk Seri Dr. Haji Dzulkefly Bin Ahmad,

KSI’s President, Tan Sri Michael Yeoh presenting a token of Chief Executive Officer, Doc2Us and Datuk Former Minister of Health Malaysia/ appreciation to the Minister of Health, YB Dato’ Sri Dr. Adham Dr. Kuljit Singh, President, Association of Chairman of Selangor’s New Special Action baba. Looking on is Tan Sri Majid Khan, Deputy Chairman of KSI. Private Hospitals Malaysia (APHM). Council for the Control and Prevention 9 MALAYSIAN HEALTHCARE CONFERENCE 2020

Session 1: The New Competitive Landscape in Healthcare. L to R: Mr. Rangam Bir, President & Session 4: Seniors and COVID-19: How has technology helped? L to R: Dr. Wong Teck Wee, CEO, Gibraltar BSN Life Berhad; Tan Sri Dato’ Dr. Abu Bakar Suleiman, Chairman, IMU Group; Dr. President, Malaysian Healthy Ageing Society; Dr. Carol Yip, CEO, Aged Care Group Sdn Bhd; Raymond Choy, Co-Founder and CEO, Doc2Us and Datuk Dr. Kuljit Singh, President, Association of Prof. Nathan Vytialingam, Advisory, Malaysian Healthy Ageing Society; and Prof. Dr. Shahrul Private Hospitals Malaysia (APHM). Bahyah Kamaruzzaman, Head of Department and Consultant Geriatrician, Division of Geriatrics, Department of Medicine, Faculty of Medicine, Univerisity of Malaya.

At the Conference, Tan Sri Dr. Noor Hisham was conferred with the National Icon Lifetime Achievement Award for Leadership in Public Health by KSI Strategic Institute for Asia Pacific.

The third session was about “Leveraging Tech’s Power in Health - How AI and 5G are Transforming Healthcare”. The panel members in this session were Mr. Azran Session 3: Leveraging Tech’s Power in Health – How AI and 5G are Transforming Healthcare. L to R: Mr Azran Osman-Rani, CEO, Osman-Rani, Chief Executive Officer, Naluri; Mr. Ganabaskaran Nadason@Darzin, President, Malaysian Medical Association (MMA); Mr Maran Virumandi, Founder & CEO, Naluri, Dr. Ganabaskaran Nadason@Darzin, DoctorOnCall; Mr Alan Fung, Senior Vice President, Strategic Business, I-Serve Fintech Group; Datuk Azrin Mohd Noor, Founder and Managing Director, Sedania Innovator Berhad; Mr Ricky lew, Vice President of Business Development, KiplePay and Dr. Sanjeev President, Malaysian Medical Association Panchal, Country President, AstraZeneca Malaysia. (MMA), Mr. Maran Virumandi, Founder & Chief Executive Officer, DoctorOnCall, of the Coronavirus Disease (Covid-19) Datuk Azrin Mohd Noor, Founder and delivered the Special Address on “The Managing Director, Sedania Innovator Importance of Primary Care and the Impact Berhad, Mr. Ricky Lew, Vice President of COVID-19” at this Conference. YB Datuk of Business Development, KiplePay and Seri spoke on the importance of primary Dr. Sanjeev Panchal, Country President, care and the impact of COVID-19. AstraZeneca Malaysia. It was moderated by Mr. Alan Fung, Senior Vice President, The highlight of this year’s Conference was Strategic Business, I-Serve Fintech Group. the Special Dialogue with Tan Sri Dato’ Seri The final session was moderated by Dr. Dr. Noor Hisham bin Abdullah, Director Wong Teck Wee, President, Malaysian A group photo of our Technology Partner with the Minister General of Health Malaysia on the topic Healthy Ageing Society was on “Seniors of Health. L to R: Mr Ricky Lew, Vice President of Business “COVID-19 - Malaysia’s Journey towards and COVID-19: How has technology Development, KiplePay; YB Dato’ Sri Dr. Adham bin Baba, Minister of Health Malaysia; Mr Puan Chan Cheong, Group Managing Flattening the Curve”. helped?”. Mr. Victor Fong, Founder / Director and CRO, Green Packet Berhad and Ms Wong Mei Yin, Managing Director, Eden-on-the-Park Sdn Vice President of Growth Hacking, Green Packet Berhad. Tan Sri Dr. Noor Hisham highlighted that Bhd, Dr. Carol Yip, Chief Executive Officer, the Prevention and Control of Infectious Aged Care Group Sdn Bhd Prof. Nathan Diseases Act 1988 [Act 342] is very Vytialingam, Advisor, Malaysian Healthy important to break the transmission of the Ageing Society Androf. Dr. Shahrul Bahyah COVID-19 infection. Failure to comply with Kamaruzzaman, Head of Department this Act will increase the risk of infection and Consultant Geriatrician, Division of and disease transmission. Geriatrics, Department of Medicine, Faculty of Medicine, University of Malaya were Therefore, the public plays a crucial role amongst the panellists in this last session. by fully complying with this Act, and all SOPs set, regardless of who the person The Conference was made possible with is and place. Remember, Health unites us the support of our Corporate Sponsor, YB Dato’ Sri Dr. Adham bin Baba, Minister of Health Malaysia Netpartners Sdn Bhd; Technology Partner, Presenting a memento/plaque to our Technology Partner, Mr All. Let us be united in our war against this Puan Chan Cheong, Group Managing Director and CEO, Green common enemy, the COVID-19. Green Packet Berhad & Kiplepay and Packet Berhad at the Malaysian Healthcare Conference 2020. Associate Partner, AstraZeneca. Looking are KSI President, Tan Sri Michael Yeoh with Tan Sri Majid Khan, Deputy Chairman of KSI.

Group Photo of KSI Team with YB Datuk Seri Dr. Haji Dzulkefly Bin Ahmad, Former Minister Minister of Health, YB Dato’ Sri Dr. Adham bin Baba with Tan Sri Michael Yeoh, President, KSI of Health Malaysia / Chairman of Selangor’s New Special Action Council for the Control and and Tan Sri Majid Khan, Deputy Chairman, KSI in the holding room at the Malaysian Healthcare Prevention of the Coronavirus Disease (COVID-19) at the Malaysian Healthcare Conference 2020. Conference 2020. 10 2020 NATIONAL HOUSING AND PROPERTY SUMMIT

2020 National Housing and be physically implemented on site. Hence, Property Summit the construction sector recorded losses of about RM11 billion per month including 15 September 2020 unpaid wages, unused materials, idling The Ritz-Carlton Kuala Lumpur plants and equipment, head office overhead and profit loss due to the halting of 7,500 on-going projects during the first phase of the MCO. The COVID-19 pandemic has not only caused financial and labour shortages The Housing but has led to other obstacles with unemployment reaching the high records. and Property Sector He also added that, while economic downturns can sometimes lead to the delay of building projects and folding up at a Crossroads – of businesses due to economic crisis, we must remember that history has shown us that the economic recovery is also due Is the Worst Over to the development works, especially the governments investments in infrastructure developments. or Is It in a Crisis? The topics discussed at the Summit include the CEO Roundtable: How the Property What Next? Sector can Cope with the Post Covid-19 Crisis; Affordability and Sustainability: Dual Held on 15 September 2020 at the Ritz- within the Klang Valley, of which 498 Challenges of Affordable Housing; 2020 Carlton Kuala Lumpur, the 2020 National comprised of luxury units worth RM1 million Property Market Trends and Outlook; and Housing and Property Summit with the and above, as of the second quarter of 2018 Property Technology – Digitalizing the theme “The Housing and Property Sector (2Q18). Also, there were condominiums and Housing and Property Sector. at a Crossroads – Is It Worst Over or Is It in apartments worth RM83 billion that had a Crisis? What Next?” was jointly organized remained unsold at the end of 2Q19. with FIABCI Malaysia. Towards the afternoon, we have the Deputy The Opening Keynote Address was Minister of Works, YB Dato’ Eddin Shazlee delivered by the Minister of Housing and bin Shith delivered the Special Luncheon Local Government, YB Puan Hajah Zuraida Address on Infrastructure, Construction Kamaruddin. In her speech, she pointed and Property Development to Stimulate out that Malaysia is expected to experience Economic Recovery and Growth. In his economic contraction following the speech, he stressed that the construction imposed Movement Control Order (MCO) industry is the hardest hit during this from March 18 to May 3 that has caused pandemic crisis. 90% of construction Tan Sri Lee Kim Yew, Executive Chairman, Country Heights business shutdown in all non-essential projects are not allowed to operate as Holdings Berhad delivering his view. On his left is Sr Foo Gee activities. During the various phases of well as a number of new projects cannot Jen, Group Managing Director, CBRE | WTW. Movement Control Order, the residential market is expected to see a slow uptick.

In addition, Bank Negara Malaysia cut the overnight policy rate (OPR) for the third time during the review period by a further 25 basis points to 1.75% this month to help lower the monthly repayment sum. Which coupled with the automatic loan moratorium for six months from April 1, will provide some relief to households amidst the current crisis.

According to the National Property Information Centre (NAPIC) data, there Tan Sri Barry Goh, Chairman, KSI presenting a memento to YB Dato’ Eddin Shazlee bin Shith, Deputy Minister of Works at the Special Luncheon Address. Looking on is Tan Sri Majid Khan, Deputy Chairman, KSI (far right); Tan Sri Michael Yoeh, President, KSI were 2,260 unsold condominium units and Datuk Koe Peng Kang, President, FIABCI Malaysia (on the left).

Tan Sri Michael Yeoh, President, KSI is greeting YB Puan Hajah Zuraida Kamaruddin, Minister of Housing and Local Government on her arrival at the Summit. Group photograph with YB Puan Hajah Zuraida Kamaruddin, Minister of Housing and Local Government. 11 2020 NATIONAL HOUSING AND PROPERTY SUMMIT

At the Opening Ceremony of the 2020 National Housing and Property Summit with YB Sr Michael Kong, President, Association of Valuers, Property Managers, Estate Agents and Property Consultants Puan Hajah Zuraida Kamaruddin, Minister of Housing and Local Government. On her right in the Private Sector, Malaysia (PEPS) chairing the session on Affordable Housing. On his right is Dr. Suraya Ismail, is Tan Sri Michael Yeoh, President, KSI and Tan Sri Barry Goh, Chairman of KSI on her left. Director of Research, Khazanah Research Institute; far right is Mr Jayaselan Navaratnam, Director-General, National Housing Department; whereas on his left is Mr Ishmael Ho, CEO, Ho Chin Soon Research Sdn Bhd.

L to R: Dato’ Stewant LaBrooy, Chairman, Alpha REIT Managers; Mr Sarkunan Subramaniam, Distinguished Role-Player at the Property Technology Session. L to R: Mr Poo Ching Loong, Managing Director, Knight Frank Malaysia; Tan Sri (Dr.) Sr Abdul Rahim Abdul Rahman, Executive Chief Executive Officer, YES Boss Corporation; Mr Georg Chmiel, Executive Chairman, Juwai IQI Chairman, Rahim & Co. International Sdn Bhd; Mr See Kok Loong, Executive Director, Metro Holdings; Ms YY Lau, Country Head, JLL Property Services (Malaysia) Sdn Bhd; Mr David Mizan Homes Realty Berhad; and Mr Previndran Dato’ Singhe, CEO, Zerin Properties. Hashim, Founder, Group President and Director, VERITAS Design Group; and Sr Lim Boon Ping, President, Malaysian Institute of Estate Agents.

Distinguished role-players include Tan Consultants in the Private Sector, Malaysia; The one-day Summit was conducted both Sri Lee Kim Yew, Executive Chairman, Dato’ Stewart LaBrooy, Chairman, Alpha physically and via zoom. S P Setia Bhd and Country Heights Holdings Bhd; Datuk Koe REIT Managers, Mr Sarkunan Subramaniam, Dongnam Sdn Bhd were the Corporate Peng Kang, President, FIABCI Malaysia; Sr Managing Director, Knight Frank Malaysia; Sponsors and the Summit is also supported Foo Gee Jen, Group Managing Director, Mr See Kok Loong, Executive Director, by the Association of Valuers, Property CBRE|WTW; Mr Nabeel Hussain, Deputy Metro Homes Realty; Mr Previndran Dato’ Managers, Estate Agents and Property Managing Director, Savills Malaysia; Mr Singhe, CEO, Zerin Properties; Tan Sri (Dr.) Consultants in the Private Sectors, Malaysia Shan Saeed, Chief Economist, Juwai-IQI Sr Abdul Rahim Abdul Rahman, Executive (PEPS), Malaysian Institute of Estate Agents Holdings; Mr N. Jayaselan, Director-General, Chairman, Rahim & Co. International; Mr Poo (MIEA) and the Malaysian Institute of National Housing Department; Dr. Suraya Ching Loong, CEO, YES Boss Corporation; Architects (PAM). Ismail, Director of Research, Khazanah Mr Georg Chmiel, Executive Chairman, Research Institute; Mr Ishmael Ho, CEO, Ho Juwai-IQI Holdings; Mr David Mizan Hashim, About 150 participants attended this Chin Soon Research; Dr. Carmelo Ferlito, Founder, Group President & Director, Summit. Senior Fellow, IDEAS; Sr Michael Kong, VERITAS Design Group, Sr Lim Boon Ping, President, Association of Valuers, Property President, Malaysian Institute of Estate Managers, Estate Agents and Property Agents; and Ms YY Lau, Country Head, JLL Property Services (Malaysia).

YB Puan Hajah Zuraida Kamaruddin, Minister of Housing and Local Government presenting a The Minister of Housing and Local Government, YB Puan Hajah Zuraida Kamaruddin having a memento to Datuk Koe Peng Kang, President of FIABCI Malaysia. Far right is Tan Sri Michael Press Conference after the Opening Keynote Address. Looking on is KSI’s President, Tan Michael Yeoh, President, KSI and toward left is and Tan Sri Barry Goh, Chairman; Tan Sri Lee Kim Yew, Yeoh and on the left is Chairman, Tan Sri Barry Goh and Deputy Chairman, Tan Sri Majid Khan. Adviser to KSI and Tan Sri Majid Khan, Deputy Chairman, KSI. 12 NATIONAL EDUCATION AND LEARNING SUMMIT 2020

National Education an opportunity for those with a passion and Learning Summit 2020 for education to give their insights on current progress and obstacles faced by the 28 July 2020 Malaysian education sector. It also provided Berjaya Times Square Hotel, Kuala Lumpur a unique opportunity for stakeholders from the private, public sectors as well as the third sector to deliberate matters concerning education and devise a new Living with path forward. The Summit was officiated by Malaysia’s Deputy Minister of Higher Education YB Vision 2020 Education Dato’ . In his address, the Deputy Minister said the Ministry is working on a Fourth Industrial Revolution (IR4.0) Action Plan centred around four strategies to prepare the nation’s human capital with the appropriate knowledge, skills set and values to face the dynamic challenges of the 21st century. The four strategies are Strengthening Education Governance System towards IR4.0; Enhancing Education 4.0 Ecosystem; Developing Highly Skilled and Knowledgeable Talent for IR4.0; and Enhancing Research and Innovation.

He added that it was time that great emphasis was placed on IR4.0 in an effort to embrace and gear up for the future and the framework will address the issues and challenges it brings.

The framework will, among others, address the need for universities to enforce their roles in shaping future technology by being the testbeds for innovation and educating future generations; look into L to R: Prof. Zita Mohd. Fahmi, Vice Chancellor, Quest International University ; Dato’ Satinah Syed Saleh, Director, Melewar Learning Resources / Member, National Education Advisory Council (2018-2020) / Board Member, Universiti Pendidikan Sultan the ever changing landscape that causes Idris (UPSI); Tan Sri Michael Yeoh, President, KSI; YB Dato’ Mansor Bin Haji Othman, Deputy Minister of Higher Education, Malaysia; dynamic changes in industry’s needs; YB Datuk Dr. Yusof Bin Yacob, Minister of Education and Inovation ; Dr. Lim Teck Ghee, myhometown.com website Chief study the fact that 65 per cent of children Editor and Mr Max Say, Executive Director and Chief Partnership Officer, KSI.

In March, COVID-19 pandemic which resulted in a nationwide MCO has unquestionably affected the education sector. There is widespread disruption amongst the teachers and schoolchildren, and of course the universities worldwide. Again, education in Malaysia finds itself back in the land of uncertainty with the education ministries being restored back into two entities with two new faces as ministers.

With such uncertainties and changes, Malaysia’s education sector must reform quickly to prepare itself to be compatible L to R: Tan Sri Datuk Dr. Omar Abdul Rahman, Chairman, Green Packet Berhad / Distinguished Senior Fellow, KSI; YB Dato’ Mansor with a world where technology is at the Bin Haji Othman, Deputy Minister of Higher Education, Malaysia; Mr Puan Chan Cheong, Group Managing Director and CEO, Green forefront and competency in mastering this Packet Berhad; YBrs. Dr. Habibah Abdul Rahim, Director-General of Education, Ministry of Education Malaysia; and Dato’ Satinah Syed Saleh, Director, Melewar Learning Resources / Member, National Education Advisory Council (2018- 2020) / Board Member, can determine the level of competitiveness Universiti Pendidikan Sultan Idris (UPSI). of the nation.

The National Education and Learning Summit 2020 was organised to discuss the challenges faced by the education sector in the face of the global pandemic and debate on ideas and recommendations to embrace the new normal with a shift to virtual learning.

The Summit, themed – “Living with Vision 2020 Education,” brought together about 150 education experts, educationalists, policy makers and leaders of the industry L to R: Mr Max Say, Executive Director and Chief Partnership Officer, KSI; YB Dr. , Former Minister of Education, physically and another 4 participants Malaysia / Member of Parliament for Simpang Renggam; Tan Sri Michael Yeoh, President, KSI; and Datin Noor Azimah Abdul Rahim, joining in on the virtual platform, providing Chairman, Parent Action Group for Education Malaysia (PAGE). 13 NATIONAL EDUCATION AND LEARNING SUMMIT 2020

Session 1: Cultivating the Right Education Ecosystem Post COVID-19. L to R: YBrs. Dr. Habibah Session 3: Moving Forward with TVET. L to R: Prof. Dr. Ramlee Mustapha, Professor of Technical Abdul Rahim, Director-General of Education, Ministry of Education Malaysia; Dato’ Satinah Syed and Vocational Education, Faculty of Technical and Vocational Education, Universiti Pendidikan Saleh, Director, Melewar Learning Resources / Member, National Education Advisory Council Sultan Idris (UPSI); Dato’ Sri Ganes, CEO & Founder, SG Education Group; Prof. Dato’ Dr. Noraini (2018- 2020)/Board Member, Universiti Pendidikan Sultan Idris (UPSI); Mr Guy Perring, Regional Idris, Chairperson, National STEM Movement; Ir. Zaki Kudus, Partner, AHAR Consultants; and Mr Director – Asia, i-graduate; Dr. Hjh Yatela Zainal Abidin, CEO, Yayasan Sime Darby; and Assoc, Hishamuddin Mohamed, Director, Singularity Technologies Sdn Bhd. Prof. Elajsolan Mohan, President, National Association of Private Educational Institutions (NAPEI).

Session 4: Improving Access to Quality Education? L to R: Datin Noor Azimah Abdul Rahim, Prof. Graham Kendall, Provost and CEO, University of Nottingham Malaysia presenting his views Chairman, Parent Action Group for Education Malaysia (PAGE); Ms Wong Mei Yin, Vice President whilst Mr Tay Kay Luan, Vice-Chancellor, International University of Malaya-Wales (IUMW) looks on. of Growth Hacking, Green Packet; Dr. Vincent Chian, Principal, Fairview International School, Prof. Dr. Rozainun Abdul Aziz, Professor of IBS, International University of Malaya-Wales (IUMW); Ms Nina Adlan Disney, Executive Director, Strategic Impact Division, LeapEd Services Sdn Bhd; Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs; and Mr Voon Zhen Yi, Research Director, KSI. entering primary school today will end up Professor Dato’ Dr. Ansary Ahmad, Founder 1300 primary and secondary schools but working in completely new job types that President and CEO, Asia e University. The a huge majority face infrastructure issues do not yet exist; as well as the need to panel discussed whether the present and and dilapidation. While the number of enhance the innovation culture in Malaysia. current conventional forms of education schools in an area is important for access, The framework will consolidate all the meets the needs of tomorrow as well as the quality of infrastructure and facilities initiatives we have done and we are going what lessons can we learn from the impact must be looked into. Many students in rural to embark on with focus on Education of Covid-19 on our education and learning areas face issues during the commute, faced 4.0 where we aim to have educators as process. Education that be it online or with a lack of safe routes to go to school. facilitator, embrace new technologies such conventional degree, quality should be COVID-19 has also proven the insufficiencies as artificial intelligence (AI), provide a same, stressing that QA is an important of the state’s digital infrastructure, making future- ready curriculum, lifelong learning instrument and that the quality of graduates it difficult for online learning. In addition to for all and producing multi skilled and must be competent, technologically this, students at this level are seen to lack multi-disciplinary learners for the future job advanced and globally acknowledged, exposure in regards to what is possible for market. besides being lifelong learners. them to achieve in the future. Universities and tertiary education courses provide a In Session 1 on Cultivating the Right Members of the panel included Prof. Zita huge array of specialisations which many Education Ecosystem Post COVID-19 Mohd. Fahmi, Vice Chancellor, Quest in these schools are not aware of. Parents discussed the appropriateness of education International University Perak; Academician must also play a role in the education of policies, and what is needed to create an Senior Professor Dato’ Dr. Khalid Yusoff, their children, and thus must be educated ideal learning environment. This session Vice-Chancellor and President, UCSI to push for the education of their children. was moderated by Mr. Guy Perring, University, Professor Dr. Lily Chan, Chief Regional Director- Asia, i-graduate and the Executive of Wawasan Open University, In session 3 on Moving Forward with TVET, panellists were Dr. Habibah Abdul Rahim, Mr Tay Kay Luan, Vice-Chancellor of the session discussed TVET in Malaysia is Director-General of Education, Ministry International University of Malaya-Wales geared towards increasing skilled human of Education Malaysia; Prof Dr. Sulochana and Professor Graham Kendall, Provost and capital by providing quality education Nair, Vice Chancellor, Binary University; Prof CEO, University of Nottingham Malaysia. and training that is responsive to labour Mushtak Al-Atabi, Provost & CEO, Heriot- market needs, and provides resources Watt University, Malaysia; Dato’ Satinah Earlier in the session, the Minister of for further education or entrepreneurial Syed Saleh, Council Member, National Education and Innovation Sabah, YB Datuk pursuits. However, the pandemic has again Education Advisory Council / Managing Dr. Yusof Bin Yacob delivered a special changed the needs. Technology-driven Director, Alpha Alsagoff Edu Resources address. In his address he spoke about transformations are redefining the role of Sdn. Bhd; Dr. Hjh Yatela Zainal Abidin, Chief the need to ensure the quality of tertiary education, the value of knowledge and Executive Officer, Yayasan Sime Darby and education. It is important to understand skills. Non-formal learning, third-space Assoc. Prof. Elajsolan Mohan, President, such issues are linked to problems in literacies and alternative mechanisms for National Association of Private Educational primary and secondary education - by certification are emerging throughout Institutions (NAPEI). focusing on primary and secondary the world, aiming to prepare youth for schools, issues will not be carried into entering the job market. If non-formal The Vice-Chancellors’ session on Ensuring tertiary institutions. Physical and digital mechanisms continue to expand, the role of the Relevance of Tertiary Education in an infrastructure is an issue that impacts all the government and other stakeholders in Industry 4.0 World” was moderated by levels of education. In Sabah, there are education also need to be reassessed. 14 PICTORIAL HIGHLIGHTS OD WBCES

Speaking in this panel moderated by Prof. to learn through teacher training, and the Dr. Oh Ei Sun, Senior Fellow, Singapore Dato’ Dr. Noraini Idris, Chairperson, National capacity development of the government Institute of International Affairs and Mr. STEM Movement, were Prof. Dr. Ramlee and stakeholders to improve overall Voon Zhen Yi, Research Director, KSI Mustapha, Professor of Technical and system strengthening and institutional Strategic Institute for Asia Pacific. Vocational Education, Faculty of Technical development. These will contribute to and Vocational Education, Universiti addressing underlying drivers of fragility, The Closing Address of the Summit was Pendididikan Sultan Idris (UPSI); Dato’ Sri enhance inclusivity and build resilience. delivered by YB Senator Dato’ Dr. Mah Hang Ganes, Chief Executive Officer & Founder, Soon, Deputy Minister of Education 1 via a SG Education Group; Ir. Zaki Kudus, Partner, In a special address the Minister of video message. In his speech the Deputy AHAR Co; and Mr. Hishamuddin Mohamed, Education, Science and Technological Minister said that the COVID-19 pandemic Director, Singularity Technologies Sdn Bhd. Research , YB Dato’ Sri Michael has served as a wake-up call in realising Manyin Jawong, spoke about the key the need to utilise the use of the Internet factors contributing to the lack of quality to prepare youths for the 4th Industrial education in Sarawak are the lack of basic Revolution. MOE will continuously carry out infrastructure, shortage of quality teachers measures to boost the national curriculum and imbalances in school sizes where many to train and instil values and skills to lay a schools in the state are either too big or solid foundation for students to ensure they too small. This is apparent as 8 schools will be in demand for the future market have less than 10 students, 54 schools place dominated by AI, analytics and other have between 21 to 30 students while components of IR4.0. Counsel is to be 300 schools have less than 50 students. sought from the private sector with the On the other hand, 41 secondary schools knowledge and experience on the necessary and 25 primary schools have double strategies to enhance the education system sessions whereby some of those schools as a whole. Educators will need to make have over 3,000 students. While the lack necessary changes to keep up with the YB Dr. Maszlee Malik, Former Minister of Education, Malaysia / of students in schools are problematic, times to remain competent and relevant in Member of Parliament for Simpang Renggam deliver the Special Keynote Address at the National Education and Learning Summit overcrowding is also concerning as having this challenging global environment. 2020, high-five with Tan Sri Michael Yeoh, President, KSI. over 3,000 students in a school is beyond the optimal size of having approximately The National Education and Learning YB Dr. Maszlee Malik, Former Minister of 400 and 600 students in primary schools Summit 2020 saw the participation of more Education and MP for Simpang Renggam and secondary schools respectively. These than 150 participants attending the event was invited to share his reflections and hindrances in delivering quality education on site and another 80 participated via the views on education in Malaysia. In his in the state have also been aggravated by virtual platform. This summit was organised address, he spoke of the major purpose the dilapidation of schools due to a lack of in collaboration with National Association of education is to humanise human funding, infrastructure and facilities. of Private Educational Institutions (NAPEI) beings. There is a need emphasise and Malaysian Association of Private manusiawi or humanisation in Malaysia’s This session was moderated by Prof. Colleges and Universities (MAPCU) education system alongside the other Dr. Rozainun Abdul Aziz, Professor of long-established concepts of membaca, IBS, International University of Malaya- We are also grateful to our Strategic menulis and mengira. Placing an importance Wales (IUMW) and her panel of speakers Partner, Qi Group of Companies; Corporate on humanisation is important in making included Datin Noor Azimah Abdul Rahim Sponsors, LeapEd Services Sdn Bhd, students more humane through embedding , Chairman, Parent Action Group for Asia Pacific University of Technology & values in them. This because without values, Education Malaysia (PAGE); Ms. Wong Mei Innovation (APU) and Netpartners Sdn Bhd; any intelligent individual will be capable Yin, Vice President of Growth Hacking, Luncheon Sponsor, Yayasan Sime Darby; of destroying humanity without any sense Green Packet; Dr. Vincent Chian, Principal, Associate Partner (E-Learning Platform) of compunction. This is why the Ministry Fairview International School; Ms. Nina CYPHER LEARNING and Technology of Education (MOE) under the Pakatan Adlan Disney, Executive Director, Strategic Partner, Green Packet Berhad & Kiplepay for Harapan administration introduced the Impact Division, LeapEd Services Sdn. Bhd; their contributions and support. teaching of civics across all academic subjects and co-curricular activities.

As COVID-19 changes our way of life, there is a need to rethink, revisit and reprioritise the education system to ensure that our education system is at the forefront of building a better and more sustainable post-pandemic world. Fundamentally, the education system must emphasise soft Ms Caroline Cheong, Executive Director, Research & Programs / YB Dato’ Mansor Bin Haji Othman, Deputy Minister of Higher skills to rebuild trust among communities Chief Operating Officer, KSI presenting a memento to YB Datuk Education, Malaysia presenting a memento/plaque to our Dr. Yusof Bin Yacob, Minister of Education and Innovation Sabah. Technology Partner Mr Puan Chan Cheong, Group Managing as the pandemic will certainly make society Director & CEO, Green Packet Berhad at the National Education more distrustful of each another due to and Learning Summit 2020. Looking are Tan Sri Michael Yeoh, President, KSI and YB Datuk Dr. Yusof Bin Yacob, Minister of health concerns. Therefore, as we prioritise Education and Inovation Sabah. digital education to build youths that are tech-savvy, youths must also be trained to communicate well according to values.

The final session of the day, Session 4: Improving Access to Quality Education? highlighted the importance of equitable access to quality basic education. The need to enhance access to primary education through improved infrastructure for YB Dato’ Mansor Bin Haji Othman, Deputy Minister of Higher YB Dato’ Mansor Bin Haji Othman, Deputy Minister of Higher delivery of education at all levels and the Education, Malaysia presenting a memento/plaque to our Education, Malaysia presenting a memento/plaque to our Strategic Partner Qi Group received by Prof. Zita Mohd. Fahmi, Corporate Sponsor Datuk Parmjit Singh, President, Malaysian need to enhance the capacity of teachers Vice Chancellor, Quest International University Perak at the Association of Private Colleges and Universities (MAPCU) at the to effectively teach and support children National Education and Learning Summit 2020. Looking are Tan National Education and Learning Summit 2020. Looking are Tan Sri Michael Yeoh, President, KSI and YB Datuk Dr. Yusof Bin Yacob, Sri Michael Yeoh, President, KSI and YB Datuk Dr. Yusof Bin Yacob, Minister of Education and Inovation Sabah. Minister of Education and Innovation Sabah. 15 PICTORIAL HIGHLIGHTS Pictorial Highlights

Former speaker of , Tan Sri Mohd Arif presenting his book to Tan Sri Michael Yeoh.

Tan Sri Michael Yeoh, President of KSI and Ms Caroline Cheong, Chief Operating Office, KSI calling Tan Sri Michael Yeoh with YB Datuk Seri Hajah Nancy Shukri, Ministry of Tourism, Arts and Culture. on the new speaker of Parliment, Datuk Azhar Harun,

YB Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku Jaafar, Minister of Entrepreneur Development and Cooperatives, Tan Sri Lee Kim Yew presenting a memento to YB Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku Malaysia having a light moment with Tan Sri Lee Kim Yew, Tan Sri Majid Khan and Tan Sri Michael Yeoh. Jaafar, Minister of Entrepreneur Development and Cooperatives, Malaysia.

The High Commissioners of Australia and the UK to Malaysia with the Minister and other dignitaries at the Asia Economic Summit. 16 THE 2020 ASEAN LEADERSHIP AND PARTNERSHIP FORUM AND VIRTUAL CONFERENCE

The 2020 ASEAN Leadership and Partnership Forum and Virtual Conference

27 August 2020 | The Ritz-Carlton Kuala Lumpur 28 August 2020 | Virtual Forum on Zoom Partnerships for a Cohesive and Responsive ASEAN

H.E. Dr. Than Myint, Union Minister for Commerce, Myanmar deliver the Special Ministerial Dr. Tha-Lai Pham, CEO, Siemens ASEAN speaking at the session on Digital ASEAN-Digitalization Address virtually on zoom at the conference. and Transformation virtually on Zoom.

The Hon. Dato’ Seri Setia Haji Erywan bin Pehin Datu Pekerma Dr. Doan Duy Khuong, Chairman, ASEAN Business Advisory Special Address by Title Sponsor of the 2020 ASEAN Jaya Haji Mohd. Yusof, Minister of Foreign Affairs II, Brunei Council, Vietnam / Vice-Chairman, Vietnam CHamber of Leadership and Partnership Forum & Virtual Conference by Darussalam, deliver the Special Ministerial Address. Commerce & Industry (VCCI) deliver the Opening Speech. Dato’ Sri Dr. Vijay Eswaran, Executive Chairman, QI Group.

This year the Chairmanship of ASEAN for 2020 is held by Vietnam. However, due to the unprecedented challenges posed by the Coronavirus (COVID-19) Pandemic in the region and the world, the Co-Organizers KSI Strategic Institute for Asia Pacific, ASEAN Business Advisory Council (ASEAN-BAC) and the Economic Club of Kuala Lumpur (ECKL) have decided to make the 2020 ASEAN Leadership and Partnership Forum & Virtual Conference (ALPF) a hybrid event where the physical meeting held in the Ritz-Carlton Kuala Lumpur, Malaysia as well a Virtual conference on 27 & 28 August 2020. The ASEAN Leadership and Partnership Group Photo: Tan Sri Michael Yeoh, Founder and Chairman, ASEAN Leadership and Partnership Forum and KSI President (Center left) with Mr Krishna Kumar, Director of QI Group (center right); Mr Francis Soh, Mr Martin Soosay and Ms Norazlin Hassan from QI Group. Forum is widely recognized as a high-powered Forum that brings together Government, 43 years since the formation of ASEAN, The first day of the onsite Forum began with Business, Civil Society and Thought Leaders the group of nations is embarking on its the topic “Digital ASEAN – Digitalization for a critical discussion of the strategic second connectivity master plan, focusing on and Transformation” which was moderated issues facing ASEAN and to share valuable enhancing physical connectivity, institutional by Datuk Seri Mohamed Iqbal Rawther, knowledge and information on the future of connectivity and people connectivity. Adviser, KSI Strategic Institute for Asia Pacific ASEAN. Connectivity is one of the 4Cs of ASEAN. The / Chairman, the Economic Club of Kuala The theme of ASEAN 2020 “Partnerships others are Community, Charter and Centrality. Lumpur (ECKL). The panel speakers included for a Cohesive and Responsive ASEAN” The ASEAN Community is now a reality with Mr. Goh Peng Ooi, Founder and Executive represents the need to enhance ASEAN unity the ASEAN Economic Community coming into Chairman, Silverlake Axis Ltd, Dato’ Henry and solidarity, economic integration, ASEAN effect in 2015. Goh, Co-Founder, Chief Operating Officer, awareness and identity and work toward a MACROKIOSK Group of Companies, Malaysia, ASEAN needs to also pursue the 3Rs – “people-centered” community and the need Mr. Ebi Azly Abdullah, Head, Government & Responsiveness, Relevance and Rights, for ASEAN to increase its proactiveness, Public Affairs, Grab Malaysia, Mr. Tay Kok-Chin, namely the protection of human rights. creativity and responsiveness to opportunities Chairman, Smart Cities Network, Singapore, Going forward, ASEAN must also prioritize and challenges from global and regional Dr. Thai-Lai Pham, Chief Executive Officer, digital transformation, sustainability and SME situation. Siemens ASEAN, Mr. Vivek Nath, Managing business continuity. This high-level Forum also Director- South Asia, Willis Towers Watson, The Forum, with a gathering of ASEAN discussed how responsive ASEAN can be to Singapore, Mr. Ravindra NGO, Founder & CEO subject matter experts both onsite & virtually Global economic challenges and geo political of IiC “ Invest in Cambodia “, an investment had tackled the regional leadership and trends as well as the progress of ASEAN advisory firm based in Hong Kong / World partnership issues on “Digital ASEAN” in the connectivity. Economic Forum Expert Network – ASEAN / midst of COVID-19 pandemic. Advisory Board Member of the Pacific Basin 17 THE 2020 ASEAN LEADERSHIP AND PARTNERSHIP FORUM AND VIRTUAL CONFERENCE

to contribute to ASEAN’s comprehensive Ng, Principal Economist, Southeast Asia recovery efforts. Department, Asian Development Bank, Mr. Masataka Fujita, Secretary General, ASEAN- Union Minister for Commerce, Myanmar, Japan Centre (ASEAN Promotion Centre on H.E. Dr. Than Myint in his speech said that Trade, Investment and Tourism), Ambassador ASEAN needs to be united, work together Michael W. Michalak, Senior Vice President effectively in harmony, and strengthen the & Regional Managing Director, US-ASEAN business cohesion of ASEAN under the Business Council. Dr. Mia Mikic Director, Trade, theme “Cohesive and Responsive ASEAN”. Investment and Innovation Division at United He said that all ASEAN member nations need Nations ESCAP, Mr. Shazali Sulaiman, Partner, to cooperate and collectively resolve the Shazali & Partners, Ms. Penny Burtt, Group challenges caused by rapid changes in the Chief Executive Officer, Asialink University ASEAN region and the world. He urged the of Melbourne, Mr. Leigh Howard, Acting

Dato’ Henry Goh speaking at the session on Digital ASEAN – participants to resume focus on the Free Trade Commissioner to South East Asia, Victorian Digitalization and Transformation and chaired by Datuk Seri Agreements (FTA), which have been delayed Government Trade and Investment – South Mohamed Iqbal Rawther, Chairman, Economic Club of Kuala Lumpur. by the COVID-19 pandemic, in order to create East Asia, Dr. To Minh Thu, Deputy Director new opportunities. General, Institute for Foreign Affairs and Economic Council, and Mr. M. Nazri Muhd Strategic Studies, Diplomatic Academy of Adjunct Professor (AI Practice) / Founder H.E. Dr. Than Myint highlighted the importance Vietnam; and moderated by Dr. Chheang & President, MyFinB Group & Centre of of digital technology in trying to make ASEAN Vannarith, President, Asian Vision Institute, Excellence in AI Innovation. a major digital economy in the world and in Cambodia. alleviating the COVID-19 economic impacts. He Key point from some of the speakers in the said that the virtual forum is a milestone prior The last session of the Forum on “Promoting Digital ASEAN session; Mr. Tay Kok Chin spoke to further discussions between governments, Entrepreneurships, Social Enterprises and on the Leadership for smart and sustainable privately-owned businesses, research Startups” was moderated by Prof. Datuk Dr. cities in ASEAN, Mr. Ravindra Ngo touched organizations, civil society organizations, Denison Jayasooria, Co-Chair, Malaysia CSO- on the key opportunities & challenges of scholars and leaders from the media sector to SDG Alliance / Head of the secretariat for ASEAN 4.0, Mr. Vivek Nath focused on the risk make ASEAN a major digital economy. the All-Party Parliamentary Group Malaysia landscape in ASEAN as a result of digitization He urged ASEAN nations to value diversity, on Sustainable Development Goals (APPGM- and Mr. Nazri on the AI Leadership for ASEAN and to take intense efforts to create a great SDG). This session discussed about how “Public-Private Partnership Strategies for environment for peace and development. can entrepreneurship be a useful tool in the Digital Transformation in the New Normal”. post COVID recovery economy agenda in While the second day Virtual Conference your country/region, experience on how Dato’ Sri Dr. Vijay Eswaran, Executive concentrating on the ASEAN “Economic social enterprise, solidarity/community Chairman, QI Group delivered the Special Challenges” and “Business Sustainability” economy at the community local level and Address at the Forum and urged ASEAN to related issues. what policy recommendations for promoting unite in order for ASEAN to remain relevant. entrepreneurship in ASEAN. Dr. Benjamin He stated that ASEAN, as Southeast Asia’s The session on “ASEAN Economic Challenges: R. Quinones, Jr., Founder, Asian Solidarity regional bloc must come together as a Forging Partnership-where do we go from Economy Council (ASEC), Dr. Ir. Eri Trinurini formidable adversary and trading bloc to here? How can ASEAN respond to future Adhi, Board Member of ASEC/RIPESS and pursue collective goals and compete with economic and geopolitical challenges? Bina Swadaya Foundation, Indonesia, Mr. superpowers like China and the US. How Can ASEAN enhance partnerships with Dialogue Partners?” focused on the Michael Walsh, Chief Executive, Pacific Basin Dato’ Sri Dr. Vijay Eswaran also said in his current state of ASEAN economy, how do Economic Council (PBEC), Mr. Huynh Cong speech that the impact of COVID-19 and the COVID-19 pandemic and geopolitical rivalry Thang,Co-Founder & CEO, InnoLab Asia and new normal is here to stay. Moving forward, we affect ASEAN economy? Assessing ASEAN’s Prof. Simon S.M. Ho, President, The Hang Seng need to put our differences aside and unite to response to the challenges. Are you satisfied University of Hong Kong were amongst the work as one. ASEAN is a great promise and with the existing ASEAN’s responses to the panel speakers in this session. no doubt has the highest potential to grow challenges? What are the loopholes and Finally, to fight the COVID-19 pandemic, compared to other regions. Together, we shortcomings? What are the key areas that ASEAN needs to also beef up public health must send a strong message that we are an you think ASEAN need to do more? how can security as well as strengthen food security, economic powerhouse, and a formidable force ASEAN leverage its dialogue partnership to job security and cyber security. when we truly unite, think and act collectively. deal with the crisis so that It can strengthen its centrality role? and on economic recovery. The Forum was made possible with the Immediately after the special address, the How can ASEAN build back stronger and support of Title Sponsor of ALPF, Qi Group Chairman, ASEAN Business Advisory Council, better?. Mr, Vijay Poonoosamy, Director of of Companies; our Corporate Partners Kuok Vietnam and Vice-Chairman, Vietnam Chamber International & Public Affairs of QI Group Brothers Sdn Bhd and Berjaya Group; our of Commerce & Industry (VCCI), Dr. Doan Duy spoke on trust and transparency as the key Supporting Organisations, the Asian Vision Khuong, delivered his Opening Speech. to building strong partnerships amongst the Institute (AVI), Pacific Basin Economic Council The ALPF this year presented the ASEAN ASEAN nations. (PBEC) and Viet Nam Institute for Economic & Distinguished Lifetime Achievement Award Policy Research (VEPR) for making this Forum Other speakers in this ASEAN Economic for Property Entrepreneurship to Dr. Stephen a success. Challenges session were Dr. Thiam Hee Riady, Executive Chairman & Group Chief Executive Officer, OUE Limited. Tan Sri Dr. Michael Yeoh, Founder and Chairman, ASEAN Leadership & Partnership Forum / President, KSI Strategic Institute for Asia Pacific thanked Dr. Stephen Riady in his short welcome speech. At the Special Ministerial Address, The Hon. Dato’ Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd. Yusof, Minister of Foreign Affairs II, Brunei Darussalam highlighted the importance for ASEAN to continues to work closely together in order Tan Sri Michael Yeoh, Founder and Chairman, ASEAN Leadership L to R: Mr Kelvin Kee, Malaysia Internatinal Chamber of Commerce to respond effectively to common challenges and Partnership Forum and KSI President presenting a memento to & Industry (MICCI); H.E. Mr Dag Juhlin-Dannfelt, Ambassador, and believed that this Forum was timely and our Title Sponsor QI Group represented by Mr Kuna Senathirajah, Embassy of Sweden, Kuala Lumpur; Mr Michael Chai, Deputy Group Managing Director at the 2020 ASEAN Leadership and Secretary-General I, The Associated Chinese Chambers of will provide the opportunity for the various Partnership Forum & Virtual Conference. Looking on are Datuk Seri Commerce and Industry of Malaysia (ACCCIM); and Mr Shaun stakeholders in the region to discuss ways Mohamed Iqbal Rawther, Chairman, Economic Club of Kuala Lumpur. Edward Cheah, Executive Director, Malaysian Internatinal Chamber of Commerce & Industry (MICCI). 18 MALAYSIAN DIGITALIZATION FORUM

Malaysian Digitalization Forum

6 October 2020 The Ritz-Carlton Kuala Lumpur The New Digital Era in the New Normal – Datuk Seri Mohamed Iqbal Rawther, Chairman of the Economic Strategies for Success Club of Kuala Lumpur delivering the Welcoming Speech.

The Digital Economy is the way forward for Malaysian businesses and companies. The pandemic crisis has shown the importance of digital innovation and digitization with the growth of e-commerce and online business. The pandemic crisis especially during the MCO has seen an acceleration of digitization of the economy with many industries and businesses adopting online platforms and e-commerce. In this new era of digital innovation Artificial Intelligence (AI), Robotics, The speech of the Closing Keynote Address by YB Datuk Mohd YB , Minister of Science, Technology and Redzuan Yusof, Minister of Entrepreneur Development and Innovation delivering the Opening Keynote Address of the Big Data analytics and digital transformation Cooperations was read out by KSI’s President, Tan Sri Michael Malaysian Digitalization Forum via Zoom. will disrupt Malaysian business as it will Yeoh. The Minister is on home quarantine during this time. also impact businesses globally. Malaysian companies including GLC’s, GLIC’s and SME’s allows business and life to continue as usual if at all, is the acceleration of the digital have to adopt to digitization, AI and robotics. during pandemics. Building the necessary uptake by companies, some of whom have Businesses must be adaptive to the new infrastructure to support a digitized world and been delaying the process of implementation normal and have the agility to transform and stay current in the latest technology will be despite the potentials of the 4th Industrial compete in the new digital era. essential for any business or country to remain Revolution, with many more who did not competitive in a post Covid-19 world. Time of see a need for it, but were forced to make The Forum was jointly organized with the crisis such as now also encourage innovative the change or risk their businesses fail. Economic Club of Kuala Lumpur and the thinking. The Covid-19 outbreak has coerced radical Opening Keynote Address was delivered transformation in customer behaviour, moved by the Minister of Science, Technology and The topics discussed at the Forum include significant part of the economy online, and Innovation, YB Khairy Jamaluddin via ZOOM. the Role of Digitization in Sustaining and expanded customers’ comfort levels and In his speech, he stressed that to build an Accelerating Economic Recovery; How willingness to engage digitally. ecosystem of digital innovation and digital Businesses can Adapt and Benefit from AI and inclusion, it is important to think ahead and Big Data; BPO and Global Business Services; In conclusion of his speech, it is stressed that use technology creatively to develop solutions E-Commerce and Online Business and a the benefits of digitalisation outweigh the that address and overcome challenges. Conversation and Dialogue session with the cons. There is much we can look forward to However, we must first begin with the Chairman of the Malaysia Digital Economy in this exciting new world – with or without necessary infrastructure improvements. Corporation, Datuk Wira Dr. Hj. Rais Hussin COVID-19, where we can expect our business Mohamed Ariff. processes to change dramatically as soon as a During the Covid-19 pandemic, technologies year or two from now leveraging on the power are playing a crucial role in keeping our The speech of the Closing Address by YB of automation, AI, data analytics, and other society functional in a time of lockdowns Datuk Seri Mohd Redzuan Yusof, Minister features of I.R. 4.0. I hope all of us will take the and quarantines. And these technologies in the Prime Minister’s Department (Special opportunity to leverage on the advantages may have a long-lasting impact beyond Functions) was read out by KSI’s President, brought forth by the wave of digitalisation. Covid-19. In addition, these technologies can Tan Sri Michael Yeoh on his behalf as the help reduce the spread of the coronavirus Minister is on home quarantine due to the Distinguished role-players include Mr Goh while helping businesses stay open and make spike in the Covid cases. Peng Ooi, Executive Chairman, Silverlake society more resilient in the face of pandemic Group; Mr CC Puan, Group MD/CEO, Green and other threats. Covid-19 has demonstrated In his speech, the Minister highlighted that one Packet Bhd; Mr Danny Lee, Chairman, PIKOM; the importance of digital readiness, which positive thing emerging from this pandemic, Dato’ Henry Goh, Chief Operating Officer,

“ABC is no longer A for Apple, B for Ball and C for Cat, but rather, interestingly, A is for Artificial Intelligence, B is for Big Data and C is for Cloud Computing. This is the world we live in today.”

L to R: Tan Sri Rainer Althoff, Exco-Member of the Economic Club of Kuala Lumpur; Mr Anthony Raja Devadoss, Managing Director YB Khairy Jamaluddin & Business Head, PERSOLKELLY Consulting, Asia Pacific / Deputy Chair, OM-A GBS Initiative by PIKOM; Dato’ Wei Chuan Beng, Minister of Science, Technology and Innovation Senior Executive Director, KSI; Tan Sri Michael Yeoh, President, KSI; Datuk Seri Mohamed Iqbal Rawther, Chairman of the Economic Club of Kuala Lumpur; Mr Danny Lee, Chairman of PIKOM; and Mr Max Say, Executive Director and Chief Partnership Officer, KSI. 19 MALAYSIAN DIGITALIZATION FORUM

L to R: Mr CC Puan, Group Managing Directior/CEO, Green Packet Berhad; Mr Danny Lee, KSI’s Senior Executive Director, Dato’ Wei Chuan Beng chairing a session at the Forum. On his Chairman, PIKOM, The National Tech Association of Malaysia; Dato’ Wei Chuan Beng, KSI’s Senior left is Mr Matthew Chen, CEO, Sunline’s Overseas Business Group. Executive Director; and Mr Matthew Chen, CEO, Sunline’s Overseas Business Group.

Distinguished Role-Players of the session on the Role of Panelists speaking via Zoom on the e-commerce and online business session. Chairing Conversation and Dialogue Session via Digitalization in Sustaining and Accelerating Economic this session is Mr Georg Chmiel, Executive Chairman, Juwai-IQI Holdings (top left); Mr Zoom with Chairman, Malaysia Digital Recovery. Chin Chea Seong, National Vice President of SME Association of Malaysia; Mr Teong Economy Corporation (MDEC), Datuk Teck Lean, Managing Director and Group CEO, GD Express Carrier Berhad (top right); Wira Dr. Hj Rais Hussin Mohamed Ariff. and below is Dr. Lee Oi Kum, Chairman, Kashtec Holdings & BBX Malaysia.

Mr Chin Chee Seong, National Vice President, SME Association of Malaysia giving his views L to R: Mr Anthony Raja Devadoss, Managing Director & Business Head, PERSOLKELLY Consulting, on the e-commerce and online business. On his right is Mr Georg Chmiel, Executive Chairman, Asia Pacific / Deputy Chair, OM-A-GBS Intiative by PIKOM; Datuk Dr. Hamzah Kassim, Co-Founder, The Juwai-IQI- Holdings. iA Group; and Mr Shankar Nagalingam, Vice President, Global Business Centre, Clarivate .

Mr Amardeep Dhillon, Senior Vice President of Silverlake receiving the memento from KSI’s Mr CC Puan, Group Managing Director / CEO, Green Packet Berhad receiving a memento from the President, Tan Sri Michael Yeoh (left) and Datuk Seri Mohamed Iqbal Rawther, the Chairman of Chairman of the Economic Club of Kuala Lumpur, Datuk Seri Mohamed Iqbal Rawther. On his right the Economic Club of Kuala Lumpur (right). Silverlake Group is the title sponsor of the Malaysian is KSI’s President, Tan Sri Michael Yeoh. Digitalization Forum.

MACROKIOSK; Mr Matthew Chen, CEO, Devadoss, Managing Director & Business Teck Lean, Managing Director, GD Express Sunline’s Overseas Business Group; Dato’ Wei Head, PERSOLKELLY Consulting, Asia Carrier Bhd; and Mr Georg Chmiel, Executive Chuan Beng, KSI’s Senior Executive Director; Pacific; Ms Shareen Shariza Dato’ Abdul Chairman, Juwai-IQI Holdings. Mr M Nazri, Founder & President, MyFinB; Mr Ghani, Founder, Sorga Ventures; Dato’ Ng Girish Ramachandran, Executive Director, 27 Wan Peng, Chief Operating Officer, Malaysia The high level one-day Forum was conducted Group; Datuk Yasmin Mahmood, Chairman, Digital Economy Corporation; Mr Shankar both physically and via ZOOM and supported POS Malaysia; Dr. Nikolai Dobberstein, Nagalingam, Vice President, Clarivate; Datuk by Silverlake Group, the Title Sponsor; Head of Kearney’s Communications, Media Dr. Hamzah Kassim, Co-Founder, The iA MACROKIOSK, the Corporate Sponsor and & Technology Practice in Asia Pacific; Mr Group; Mr Chin Chee Seong, Vice President, the Technology Partner, Green Packet/ Daniel Mankani, Managing Partner, Banking SME Association of Malaysia; Dr. Lee Oi KiplePay. About 120 delegates attended the Technologies Asia Msc; Mr Anthony Raja Kum, Chairman, Kashtec Holdings; Mr Teong Forum. 20 WORLD CHINESE ECONOMIC SUMMIT 2020

World Chinese Economic Summit 2020

21 December 2020 Kuala Lumpur, Malaysia Connecting Business, Promoting Shared Prosperity and Sustainability in the Post COVID New Economy

The Opening Keynote Address of the 2020 World Chinese Economic Summit by Tan Sri Lee Kim Yew, Founder & Patron of WCES presenting a memento to YB Datuk Seri Dr Ir , YAB Tan Sri Muhyiddin Mohd Yassin, Prime Minister of Malaysia via a recorded video. Minister of Transport while Tan Sri Michael Yeoh, Organizing Chairman, WCES looks on.

“As a key proponent of the multilateral trading system, China has been a voice of reason and moderation throughout this It is of utmost importance that governments crisis, calling for countries to ensure that emergency measures continue to remain true to fundamental introduced to mitigate the risk associated with the pandemic did not philosophies and rules that govern disproportionally affect trade and investment flows.” international trade, which in turn provide certainty and predictability for businesses, Malaysian Prime Minister, Muhyiddin Mohd Yassin said in the opening keynote session he said.

Mr Shaukat Aziz, Former Prime Minister of Pakistan, said that no country can attain its Global cooperation and renewed The Prime Minister of Malaysia, Tan Sri “true economic potential” by looking inward. commitment to multilateralism are needed Muhyiddin said Malaysia resonates strongly to restart the global economy while securing with China’s vocal views that the COVID-19 He said the pandemic should serve as a public health amid the pandemic, according outbreak should not be used as an excuse wake-up call to reach out to others and not to government and industry leaders to enforce insularity and inward-looking to use this event as an excuse to enforce attending an international forum. policies. He added that Southeast Asia’s protectionist and inward-looking policies. third biggest economy will continue to Key speakers at the 2020 World Chinese believe in “free, fair and open” trade and Tan Sri Lee Kim Yew, WCES Founder and Economic Summit (WCES) held Dec 21 investment. Patron, and Executive Chairman & Founder also stressed China’s key role in rebuilding of Country Heights Holdings Berhad, the global economy, noting not only its He also called on the world to observe said he hoped global collaboration will success in combatting COVID-19 but also fundamental rules governing global trade be implemented in earnest to overcome its commitment to help other developing and exchanges without impediments of difficulties in building a better and shared economies. protectionism and unilateralism. future for all. 21 WORLD CHINESE ECONOMIC SUMMIT 2020

Panelists of the Digital Silk Road Session. L to R: Tan Sri Lee L to R: Tan Sri Rainer Althoff, ECKL; Tan Sri Michael Yeoh, L to R: Mr Max Say, Executive Director & Chief Partnership Kim Yew, Executive Chairman, Country Heights Holdings President, KSI & Organizing Chairman, WCES; Tan Sri Lee Officer, KSI; Dato’ Wei Chuan Beng, Senior Executive Director, Berhad; Dato’ Wei Chuan Beng, Senior Executive Director, KSI; Kim Yew, Patron & Founder, WCES; HE Dag Juhlin-Dannfelt, KSI; YB Datuk Seri Dr. Ir Wee Ka Siong, Minister of Transport; and, Dr. Kelvin Cho, Founder, Blockchain Business Alliance Ambassador of Sweden, HE Naiyl Latypov, Ambassador of Tan Sri Michael Yeoh, Organizing Chairman, WCES & President, International (BBAI), China. Russia; and, Mr Ben Palmer, Second Secretary, Australian High KSI; Datuk Seri Dr. Chai Kee Kan, Founder & Group Executive Commission. Chairman, KK Group of Companies; and, Dato’ Jean Wong, Adviser - Business Development, KSI.

Group Photograph with YB Datuk Seri Dr. Ir Wee Ka Siong, Ribbon Cutting Ceremony with VIPs and all Recipients of the The Managing Director of Silverlake, Mr Chee Hin Kooi Minister of Transport. Lifetime Achievement Awards. receiving a memento from YB Datuk Seri Dr. Wee ka Siong for being the main sponsor.

Dr. Fan Gang, President of Mr Goh Peng Ooi, Founder & Dr. Wang Huiyao, Counsellor Dr. Yan LiJin, Chairman China Introductory Speech by Tan Sri Lee Kim Yew, Founder and China Development Institute Group Executive Chairman, to the State Council and Silk Road Group speaking Patron, World Chinese Economic Summit. (CDI) delivering his speech Silverlake Group, Malaysia President Centre for China via Zoom. via a recorded video. speaking on the Digital Silk and Globalization speaking Road Session via Zoom. via Zoom.

Special Address by H.E. Shaukat Aziz, Former Prime Minister of Mr Xiaoqiang, CEO of Dr. Ma Weihua, Member of Prof. Keyu Jin, Associate Mr Steve Howard, Secretary Pakistan via a recorded video. China Centre for International UNDP Impact Steering Group, Professor of Economics, General of the Global Economic Exchange and Chairman of China Global London School of Economics Foundation Australia former Vice Minister of Philanthropy Institute, Former speaking via Zoom. speaking via Zoom. China’s Developmemt President of China Merchants and Reforms Commission Bank speaking via Zoom. speaking via Zoom.

Organizing Chairman Tan Sri Michael Yeoh, control with the rest of the world and sent growth of the new economic forms, rapid also president of KSI Strategic Institute for teams of medical experts to some countries development of digital economy, cloud Asia Pacific, pointed out opportunities within or regions to provide assistance. By early computing and artificial intelligence will the crisis such as digitization for sustainable December, China has exported 230 billion drive the region. The internet of vehicles, development and enhanced connectivity. pieces of masks. industrial Internet, Intelligent transportation, and the construction of smart cities will Mr Zhang Xiaoqiang, Executive Vice “These actions have all reflected that China greatly promote the development. Chairman and CEO of the Executive Office has assumed responsibilities as a large and legal representative of the China Center country. After completing R&D and clinical This year’s summit theme is “Connecting for International Economic Exchanges, noted trials of vaccines and get them ready in use, Business, Promoting Shared Prosperity how the pandemic has affected public health the country will implement President Xi and Sustainability in the Post COVID New and the global economy and how China Jinping’s commitment to provide vaccines Economy”. The hybrid event was held in and other countries are working together to to the world as publicly available products,” Kuala Lumpur and co-organized by Golden overcome these challenges. he said. Touch Investment Bank, China Development Institute and KSI Strategic Institute for Asia Mr Zhang said China has shared its ASEAN and China are highly complementary Pacific. experiences in pandemic prevention and to each other, he noted, and the rapid 22 WORLD CHINESE ECONOMIC SUMMIT 2020

Political, economic leaders and experts from China, Malaysia, the United States, Australia and other parts of the world come to together to discuss about boosting economic recovery in the post-pandemic world, and embracing the new normal through enhancing connectivity and advancing technologies in digitalization, AI and blockchain in the new economy. Panelist Speaking via Zoom at the Closing Plenary Session. Throughout the day’s events, panelists Top L to R: Mr Ravindra Ngo, Founder & CEO, Invest in Cambodia; Mr Wen Zongduo, Managing Director, China Daily discussed China and the world in the Global Weekly; Mr Stephen Phillips, Director-General, Invest age of disruption and the post-COVID Hong Kong; Ms Lena Ng, Chief Investment Officer, AMATA Corporation PCL, Thailand; and, Dr. Eden Woon, President, new normal, enhancing connectivity and Asian Institute of Technology, Thailand. business cooperation in the Belt and Road, the digital Silk Road, startups and youth entrepreneurship, smart cities and tourism development, women in business and leadership, as well as maximizing Speaking via Zoom at the Session on the Property Development. Top L to R: Mr Tay Kok Chin, Chairman & Co- opportunities and collaboration in the Founder, Smart Cities Network; Datuk David Chua, Managing Greater Bay Area and ASEAN. Director, DC & A Group Sdn Bhd; Mr Simon Lee, Managing Director, STM Developments, Australia; Sr. Michael Geh Thuan Peng, Immediate Past President, FIABCI Malaysian International Keyu Jin, Associate Professor of Economics Real Estate Federation; and Mr Fred Wang, Chairman, Salon Films Group, Hong Kong. at the London School of Economics, said China has a key role in resolving the Mr Stephen Phillips, Director- Sir Liu Changle, Chairman General, Invest Hong Kong of Phoenix TV Hong Kong challenges that most developing economies speaking via Zoom. speaking via Zoom. are facing such as the lack of proper financing, rising public debts and limited The combination of mainland’s vast access to vaccines. resources and market, and two administrative regions’ international Dr. Jin was speaking at a panel discussion on connections, as well as their respective China and the world in the age of disruption centers of excellence “make it a worthwhile and the post COVID new normal. She destination for ASEAN business expansions,” cited the 2009 global financial crisis which Dr Wong told the closing plenary session of showed “advanced economies do not have Prof. Dr. Annie Koh, Vice President of Business Development, Singapore Management University speaking at the Session 2020 World Chinese Economic Summit by the infrastructure, the capacity nor the real on Women in Business and Leadership. On the top Right: Ms video. intention to support developing countries in Adelena Lestari Chong, Chief Representative for Malaysia, Pacific Basin Economic Council; Ms Helena Phua, Executive Vice times of crisis”. President - Asia Pacific, The New York Times, Hong Kong; and, Bishop Prof. Dr. Dennis Ng, Chairman, Institute of International Also addressing the session on “The Harmony and Sustainable Development, Hong Kong. Greater Bay Area and ASEAN – Maximizing “China has played a big role in the past opportunities and collaboration” , Mr partly because it’s part of the emerging Sir Danny Alexander, Vice President Stephen Phillips, Director-General of Invest market class and therefore it has the and Corporate Secretary of the Asian Hong Kong, highlighted the advantages of responsibility to fill in that gap in terms of Infrastructure Investment Bank (AIIB) said HK for the region to explore, which include being the lender of last resort,” Dr Jin said. climate change is one of the key sectors that financial services and investment, innovation AIIB will focus on in the next few years. and technology, logistics and law, culture Dr. Wang Huiyao, President at the Centre and education, tourism and medical care for China and Globalization and Counsellor He said the multilateral development bank among others. to China’s State Council, said that the also aims to invest in building connectivity global pandemic has also led to a “reboot and technology infrastructure and private The areas all serve the two-way flow of of multilateralism”, with countries all over capital mobilization. By prioritizing these capital, people and goods, Phillips said. the world understanding the need to work sectors, Alexander said then it’s possible for Moreover, the integration of HK into GBA will together against COVID-19. countries to address not only the current strengthen and enrich HK’s role as the global pandemic but also other future challenges. super-connector. Dr. Wang said the signing of the Regional Comprehensive Economic Partnership Malaysian Minister of Transport, Datuk Vice Chairman and Executive Director of (RCEP) is one of the signs that China and Seri Dr. Ir Wee Ka Siong, in his luncheon Wynn Macau Limited, Ms Linda Chen, also the rest of thew world are moving towards presentation, said Malaysia embraces president and executive director of Wynn multilateralism. partners from all across the region to reach Resorts (Macau) S.A. says that GBS serves not only ASEAN and beyond to all over the as a bridge into the whole of China for The RCEP, the world’s largest free-trade world. ASEAN companies, while Chinese companies agreement, was signed by 15 Asia-Pacific continue to show a strong appetite to invest economies on Nov 15. The pact will ASEAN joining hands with the Guangdong- and collaborate with them across diverse progressively reduce tariff rates, eliminate Hong Kong-Macao Greater Bay Area areas. trade barriers and bolster investments can drive not only the region’s economic among the 10 members of the Association of growth but also keep the world chains busy, She said she firmly believes that there’s Southeast Asian Nations and China, Japan, according to an afternoon panel. significant potential for greater engagement South Korea, Australia and New Zealand. between ASEAN members and Macao as “With this close connection, ASEAN well as other cities in GBA, and that Macao’s Dr. Wang said climate change is another countries are in the best position draw entertainment and tourism development will challenge that countries can work together, momentum from China’s new development attract global visitors after the pandemic. noting that leaders of China and the United pattern and seize the opportunities,” said States are both committed to lowering Dr. Wilfred Wong Ying-wai, president and For the businesses and entrepreneurs in carbon emissions. executive director of Sands China Ltd and the GBA and ASEAN to work together, Mr former chairman of Pacific Basin Economic Ravindra Ngo, Founder & CEO of Invest in Council (PBEC). Cambodia, finds both the opportunities, 23 WORLD CHINESE ECONOMIC SUMMIT 2020

such as economic partnerships, and challenges including the impact of trade tensions between China and the US, the influence of the COVID-19 and the poor digital infrastructure and internet access in ASEAN. He proposed the growth of digital technologies, the digital currencies and e-trade and catalysts for innovation and startups as three synergies for enhancing the ties.

Ms Lena Ng, Chief Investment Officer of AMATA Corporation PCL, Thailand has Group Photograph with YB Datuk Seri Dr. Ir Wee Ka Siong, Minister of Transport with all the Lifetime Achievement Award Recipients. shared her recipe of success with those with ambitions in ASEAN. “You need to constantly change, and be very open to new environment and new concepts. You’ll be empowered by a good understanding of WCES Lifetime what ASEAN is really like.” Achievement Awards 2020 Recipients President of Asian Institute of Technology in Bangkok Dr. Eden Woon said the future of the region depends on further development and more interchanges of its youths including students. AIT itself has joined Chinese mainland businesses with exchange programs for students.

In the coming years HK should pay more and more attention to the Belt and Road countries and ASEAN instead of traditional Outstanding Master Technology Entrepreneur of the Year Award focus on the Western economies, Dr. Woon Mr C C Puan said. And COVID-19 has provided a window Group Managing Director / CEO, Green Packet Bhd of opportunities for higher education and human resources training, attracting more World Chinese Excellent Entrepreneurs Lifetime Achievement Award young talents to both regions. Datuk Seri Kenneth H’ng Bak Tee Group Managing Director, GUH Holdings Berhad Dato’ Dr , Malaysia’s Deputy Minister of Education II, concluded the Dec Datuk Lim Sue Beng 21 summit by discussing how the pandemic Managing Director. Strait of Partners Sdn Bhd became a “catalyst of change” for the private sector. He noted that disrupted Prof. Dato’ Sri Dr. Mike K.S. Chan Scientist / Founder European Wellness Group Kota Kinabalu, Sabah operations and lockdown measures have pushed businesses to change the way they Datuk Seri Dr. Chai Kee Kan manage operations and human resources, Executive Chairman, KK Group of Companies mitigate risk and handle decision-making. Dato’ Sri Ho Kam Choy “As a key, Innovation does not necessarily Managing Director, Straits Inter Logistics Berhad mean using the latest technology, it can also Dato’ Foong Wei Kuong be about innovating business models.” he Managing Director. JF Technology Berhad said. Mr Peter Chai Source for the article: https://www.chinadaily.com. Executive Chairman, DPI Holdings Berhad cn/a/202012/21/WS5fe0b407a31024ad0ba9d2cc.html Mr The Cheng Eng Group Managing Director, Econpile Holdings Berhad

Mr Ong Yoong Nyock Managing Director, Tiong Nam Logistics Holdings Bhd

Mr Cheong Chia Chou Group CEO, PUC Berhad

Mr Na Boon Aik Dato’ Wei Chuan Beng, Closing Address by YB Managing Director, Binasat Communications Berhad Senior Executive Director, KSI Senator Dato’ Dr. Mah Hang speaking on the session on Soon, Deputy Minister of the Digital Silk Road. Education II, Malaysia via a World Chinese Excellent Young Entrepreneur Achievement Award recorded video. Datuk Ir Lawrence Low Executive Director, Matang Berhad

Mr Joseph Wu Executive Director, Kanger International Berhad

2020 World Chinese Excellent Entrepreneur of the Year Achievement Award

Prof. Dato’ Dr. Chin Yew Sin, JP Chairman, Bioplus Life Corporation, USA / Deputy Chairman, EKA Noodles Berhad Datuk , Secretary-General, Malaysian Chinese Association (MCA) and Datuk Seri Dr. Chai Kee Kan, Founder & Group Executive Chairman, KK Group of Companies. 24 ROUNDTABLE ON THE RUKUNEGARA

are forced to learn it in school, and doing so Roundtable on the Rukunegara creates resentment towards it. Debbie Choa, Executive Director of Projek 57 stressed the need to go beyond our differences and celebrate our similarities, pulling together a common love for the country and focusing on the aspirations of the Rukunegara. Common platforms need to be available for difficult conversations to take place to allow questions to be asked on history, culture, and philosophy to create better understanding. Greater awareness is needed through joint action which can then translate the essence of the Rukunegara into something tangible. Participants also spoke of the need to focus towards equality, which is an important aspect L to R: Datuk Dr. Denison Jayasooria, Co-Chairman of the Malaysian CSO-SDG Alliance; Tan Sri Michael Yeoh, President of KSI; and Senator Dato’ Sri , Deputy Minister of National Unity reciting the Rukunegara at the Start of the Roundtable. of the Rukunegara. Issues also lay in the education system which has been selective and exam orientated. It needs to be liberalised and democratised to become more relevant. There needs to be restraint on speeches and actions which can tear apart unity, replaced by a stronger commitment to the country and a desire to see what is the best for her. living overseas should return to the country and contribute towards nation building. KSI’s President, Tan Sri Michael Yeoh Datuk Dr. Denison Jayasooria moderating the Tan Sri Michael Yeoh presenting a memento to YB Arthur Roundtable. presenting a memento to Senator Collaboration needs to happen across the , Deputy Minister in the Dato’ Sri Ti Lian Ker. board regardless of ethnicity or religion. Prime Minister’s Department (Economy). Unfortunately, the various ethnic groups have moved into their own cocoons which has even KSI, Dialog Rakyat, and Society for the Malaysian society. There needs to be a strategy manifested in schools and universities. Such Promotion of Human Rights (PROHAM) to create unity as the government’s unity divisions need to be broken down to create a organised a roundtable on the Rukunegara agenda has been up and down since the 1970s. deeper appreciation among each other when on 1st September 2020 to debate the The Rukunegara cannot just be recited and not we work together. There needs to be greater effectiveness of the Rukunegara in upholding be believed in or practiced. compassion among each other during trying national unity and whether or not it has Faye Lim, Co-Founder of the Rojak Project times. The more privilege needs to show more remained relevant. pointed out that the Rukunegara is memorised support and compassion to the less fortunate The event begun with participants reciting the but many do not understand it. The root to create this appreciation. Members of the complete version of the Rukunegara followed problem is not in education per se, but is due older generation and leaders need to show by a welcome address by Tan Sri Michael Yeoh, to ignorance. Issues of identity are preventing a good example and build hope towards a President of KSI who reminded participants unity as the lack of recognising diversity, unified country. that the Rukunegara consist of two parts – the including those of mixed ethnic heritage, who Unity is not uniformity, but involves diversity. preamble which states the objectives of the should also be considered important members The Rukunegara is a powerful tool to right Rukunegara and principles of the Rukunegara of Malaysian society. There needs to be more the wrong through a means of educating the itself, the former which is often forgotten. He deliberate effort to learn of each other’s educating the uninformed. There is a need also proposed that the Rukunegara be enacted cultures as part of bridging the gap. to look at causes of hopelessness in society in as an Act of Parliament and be given equal Jufitri Joha, President of the Malaysian Youth which stems from divisive policies and divisive status in terms of enforcement. He stressed the Council emphasised the need to fight for politicians. Politicians who have gone against need to end racism in all its forms and embrace fundamental principles like the Rukunegara the principles of the Rukunegara need to be all ethnic groups to become more united. and the Constitution. He proposed to begin corrected. The Rukunegara should be used to Emeritus Prof Tan Sri Omar Abdul Rahman, by educating the “Tech Generation” of its push for a more equitable society. KSI’s distinguished senior fellow who is also importance and promote activities where the The roundtable came to a close with an the chair of Dialog Rakyat, a coalition of various ethnic groups from all across Malaysia address by YB , Deputy organisations dedicated to promoting national can come together through programmes like Minister in the Prime Minister’s Department cohesion and unity, reminded participants that e-sports as a common platform. for Economic Affairs. He stressed that there the objectives of the Rukunegara are equally Dr. Khoo Ying Hooi, Secretary General of will always be differences in opinion and as important as the principles it upholds. He PROHAM said that Malaysians need to there has never been a time where is absolute also advocated for the nurturing of “harmoni- be proud of our its multicultural society consensus. National unity is impossible if it is mesra”, which are moments of joyful inter- composition and that vernacular schools are defined as an agreement between all citizens. ethnic harmony among Malaysian communities part and parcel of this feature. Such schools Also, national unity is not homogenous, rather, which can be fostered through joint actionable have allowed Malaysians to speak in more it advocates a community of communities practices. languages and thus enabling greater diversity. which respects diversity, shared values, and The opening address was given by YB Senator Matters against vernacular schools should experiences with geographic relativity. YB Datuk Seri Ti Lian Ker, Deputy National Unity not be described as an obstacle towards Arthur said that national unity in the form of Minister spoke of the role of the Rukunegara national unity. She also emphasised the role of racial and religious tolerance is an incremental which is to ensure perfect unity in recognition civic education which needs to reemphasise prerequisite to societal peace, which is of the country’s diverse backgrounds and the Rukunegara as there are issues of advocated by Malaysia’s founding fathers who ethnic composition with a national aspiration implementation as civics is not made a priority said that everyone must respect each other’s to encapsulate the essence of unity, peace and by teachers. rights and feelings, and tolerant of each other’s freedom in the hope of creating a progressive religion, customs, and habits. Hence, national Amelia Tan, a Convenor with Young Corporate society. unity is a process which seeks to unite people Malaysians, acknowledged growing concerns of different ethnic, culture, religions, and The roundtable was moderated by Prof by many Malaysian with the state of national socioeconomic backgrounds for reciprocally Datuk Dr. Denison Jayasooria, Co-Chair of the unity. She stressed the need for the younger beneficial objectives. YB Arthur reminded Malaysian CSO-SDG Alliance. generation to be inculcated with the right participants that Malaysia’s economic and ethics and be encouraged to become critical Speakers include Dato’ Halimah Mohd Said, social unity is interdependent on each other, thinkers. Children should be taught at a Former President of PCORE and an Ahli implying that Malaysia’s economic success younger age about tolerance, human rights, Pemikir with the Ministry of Unity, said that is evident in the country’s effectiveness in inclusivity, and other ways of life, as well as to politicians are the main culprits stirring issues managing social relations. be open minded. The approach in teaching the of disunity in an otherwise harmonious Rukunegara needs to be change as children 25 NATIONAL HUMAN RESOURCES SUMMIT 2020

National Human Resources Summit 2020

3 September 2020 The Ritz-Carlton Kuala Lumpur Leadership and HR Management Dato’ Nelson Renganathan, Chairman of Human Resources Development Fund (HRDF) addressing at the Summit. in the Post COVID that needs to take place now for continuity planning and accelerating culture and values to New Normal be agile and sustainable to face any crisis. The final session of the day, Session 3 on Beyond the Movement Control Order (MCO) and the workplace in the new normal: Legal Aspects debated on the updates on the Employment Act 1955 - Key Employment and HR Highlights Post COVID-19 and Concerns and obligations of employers and employees in relation to the Employment Contract. The panel speakers were Datuk Hj. Shamsuddin Bardan, Executive Director, Malaysian Employers Federation (MEF); Mr. Donovan Cheah, Partner, Donovan & Ho; Ms. Selvamalar Alagaratnam, Partner & Co-Head of the Firm’s Employment Practice, Skrine; and Ms. Shareen Shariza Dato’ Abdul Ghani , Co-Founder & Tan Sri Michael Yeoh, President, KSI presenting a token of L to R: Datuk Seri Iqbal Rawther, Chairman, The Economic Club Director, Sorga Innovation Sdn Bhd. The appreciation to Tan Sri Dr. Jemilah Mahmood, Special Advisor on of Kuala Lumpur; Tan Sri Michael Yeoh, President, KSI; and Mr Moderator for the session was Dr. Henry Yeoh. Public Health to YAB Prime Minister. Anthony Raja Devadoss, PERSOKELLY Counsulting, Asia Pacific. Hon. Deputy President, Malaysian Institute of Human Resource Management (MIHRM). KSI Strategic Institute for Asia Pacific (KSI) In her Special Address, Tan Sri Dr. Jemilah and the Economic Club of Kuala Lumpur Mahmood, Special Advisor on Public Health Perkeso was the Corporate Partner for this (ECKL) jointly organised the National Human to YAB Prime Minister spoke about the event. A total of 60 participants attend the Resources Summit 2020 concept of Planetary Boundaries especially summit at the venue and another 40 on the its relationship and interlink with Health. The virtual platform. At the first session on Malaysian Government’s planetary boundaries concept presents a set Economic Stimulus Measures and Impact on of nine planetary boundaries within which Employment & HR, Dato’ Mohd Sahar Bin humanity can continue to develop and thrive Darusman, Head of the Employment Insurance for generations to come. Crossing these System Office, Social Security Organisation boundaries increases the risk of generating (SOCSO) provided an outline on how the large-scale abrupt or irreversible environmental pandemic has impacted the employment & changes. Using this concept, she discussed labour market, the economic stimulus package what has COVID-19 highlighted and how under EIS Perkeso, looking at labour market can we adapt to a new and sustainable challenges post COVID-19 as well as some L to R: Dr. Henry Yeoh, Hon. Deputy President of MIHRM; Datuk Hj. economic framework. She also discussed Shamsuddin Bardan, Executive Director of MEF; Mr Donovan Cheah, of the early outcomes of the government the pandemic’s toll on human resource, how Partner of Donovan & Ho; Ms Selvamalar Alagarantnam, Partner measures and what lessons learned from & Co-Head of the Firm’s employment Practice of Skrine; and Ms have different groups been impacted, what COVID-19. Shareen Shariza Dato’ Abdul Ghani, Co-Founder & Director of Sorga are the opportunities for change and how can Innovation in the panel on “Beyond the Movement Control Order Mr. Rony Ambrose Gobilee, Chief Programmes COVID-19 be an opportunity to re-design our (MCO) and the workplace in the new normal: Legal Aspects”. Officer, Human Resources Development Fund next normal. (HRDF) spoke about the issues facing the SESSION 2 on Post “COVID-19 and Pandemic economy and the labour market during the Planning - How should Employers and pandemic. He also spoke that there were 40 Businesses Respond?” was moderated by Ms. key initiatives under PENJANA in general that Rashmi Menon, Head of Client Engagement were aimed to provide immediate financial (Malaysia), Leaderonomics. With her on relief to people, increase financial flexibility for the panel were Dr. Tan Juan Jim, Executive businesses, and incentives for consumption. Distinguished Panel of Malaysian Government’s Economic Stimulus Director and Country Head of HR Advisory Measures and Impact on Employment & HR Session: Dato’ Mohd All these initiatives were part of the PENJANA Sahar Bin Dasruman, Head of Employment Insurance System Business, Willis Tower Watson Malaysia; Economic Recovery Plan announced by Office of Social Security Organisation (SOSCO); Dato’ Abdul Professor Niaz Asadullah, Department of the Prime Minister on 5 June 2020. He also Ghani, Co-Founder & Director of Sorga Innovation; and Mr Rony Economics, University of Malaya /Southeast Ambrose Gobilee, Chief Programme Officer of Human Resources added that HRDF has also implemented Development Fund (HRDF). Asia Lead, Global Labor Organization; Dr. some initiatives such as Place and Train; B40 Sumitra Nair, Vice President, Digital Talent Development; Gerak Insan Gemilang; SME Development, Malaysia Digital Economy Development and Upskilling & Reskilling. Corporation Sdn Bhd; Mr. Faustino John Lim This first session was moderated by Ms. Co-founder and Vice-President, Center for Asia Shareen Shariza Dato’ Abdul Ghani, Co- Leadership; Mr. Gaurava Sahi, Expert Associate Founder & Director, Sorga Innovation Sdn Bhd Partner - Organization Practice, McKinsey & Company, Malaysia; Mr. Anthony Raja In his Opening Keynote Address, Dato’ Nelson Devadoss, Managing Director & Business Head, Renganathan, Chairman, Human Resources PERSOLKELLY Consulting, Asia Pacific and Mr. Panel Discussion on “Post COVID-19 and Pandemic Planning Development Fund (HRDF) share his – How should Employers and Businesses Respond? L to R: Ms. Prashant Chadha, Managing Director & Senior Rashmi Menon, Leaderonomics; Dr. Tan Juan Jim, Willis Tower reflections on leadership and HR management Client Partner, Korn Ferry Malaysia. Watson, Malaysia; Professor Niaz Asadullah, University of Malaya in the Post COVID New Normal. and Global Labor Organization; Dr. Sumitra Nair, Malaysia This session looked at the future of business Digital Economy Corporation; Mr Faustino John Lim, Center for and employment post COVID and the changes Asia Leadership and Mr Anthony Raja Devadoss, PERSOKELLY Counsulting, Asia Pacific. 26 BBX FOR DIGITAL MARKETPLACE

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The Program aims to facilitate valuable, confidential, peer-to-peer advice and networking KSI CEO among CEOs and invited C-Suites to facilitate sharing of ideas, information and insights and experiences. Members will also be provided with exclusive top-level briefings and intelligence on Roundtable major global, regional and national trends and key issues that will impact on business and the operating environment. KSI CEO Roundtable is a Members will be invited to exclusive roundtables on a quarterly basis with keynote speakers and high-level exclusive C-suite dialogues with Cabinet Ministers, Senior Government Officials and Thought Leaders. They will also be invited to participate in high-level International Programs, World Forums and specially membership program by designed visits to overseas countries. invitation only. Members will receive research papers, top executive briefs and analysis by the KSI Team and its Panel of Advisors as well as Economic Updates by the ECKL Economic Advisory Council. 27 2020 MALAYSIA ECONOMIC AND STRATEGIC OUTLOOK FORUM

2020 Malaysia Economic and Strategic Outlook Forum

21 January 2020 Hotel Istana Kuala Lumpur Agenda 2020 and Beyond – Where Do We Go from Here

The 2020 Malaysia Economic and Strategic he pointed out that transportation plays Outlook Forum with the theme “Agenda a crucial role in the development of any KSI’s President, Tan Sri Michael Yeoh welcoming YB Dato’ 2020 and Beyond – Where Do We Go from economy. The provision of an effective , Former Deputy Minister of Transport and current Deputy Minister of Foreign Affairs on his arrival to the hotel. Here” was held on 21 January 2020 at the transportation infrastructure allows the flow Hotel Istana Kuala Lumpur. This Forum of goods and services, as well as enable the In conclusion, the Deputy Foreign Affairs is held annually at the beginning of each people who will consume these said goods Minister has urged and encourage all of us year to assess the key challenges, strategic and services to be at a point of exchange. to take up the challenge to adopt the use of issues and business opportunities in the The more seamless such flows are, regardless public transportation. coming year. It was jointly organized with of quantity, distance, and time, the more a the Economic Club of Kuala Lumpur and market can focus on production, trading, and In the afternoon we have YB Datuk Seri the Malaysian International Chamber of consumption. Therefore, transport is a key Saifuddin Nasution bin Ismail, Minister of Commerce and Industry to provide an apt enabler for the growth of any economy. Domestic Trade and Consumer Affairs and timely opportunity to feel the pulse of the delivered the Special Luncheon Address economy and the tempo of developments in He further stressed that connectivity is key on Enhancing Competition and Protecting the country. to spurring the growth of any local economy. Consumers – The Way Forward. In his speech, For businesses, this involves a means not he pointed out that the affordance of digital YB Dato’ Kamarudin Jaffar, Former Deputy only to bring materials to and from the area technologies and the growing popularity Minister of Transport and current Deputy of operations, but more importantly, a way to of e-commerce have provided at once Minister of Foreign Affairs delivered the bring their employees and customers to work tremendous opportunities for consumer Opening Keynote Address on Improving safely and back. empowerment, but also challenges to Public Transport in Malaysia. In his speech, consumer rights protection. The internet has largely expanded consumers’ access to products and services across the world, as well as to information and resources that facilitate their consumer decisions. To facilitate and support the growth of digital economy, cashless payment options are becoming commonplace today, such as the e-wallet which is playing a major role in taking the marketplace towards a digital future.

He further added that the consumer activities in the digital age are besieged by growing problems related to the complexity, opacity, and uncertainty around the use of personal data, as well as misleading, unethical or fraudulent commercial practices. L to R: Mr Azrani Rustam, Vice President, Malaysian International Chamber of Commerce and Industry; YB Maria Chin Abdullah, Member of Parliament for Petaling Jaya / Former Chairman, ; Datuk Tan Cheng Kiat, President of MICCI; YB Dato’ Competition in digital markets is different Kamarudin Jaffar, Former Deputy Minister of Transport and current Deputy Minister of Foreign Affairs; Tan Sri Michael Yeoh, in some ways from competition in more President, KSI; Tan Sri Rainer Althoff, Exco Member, Economic Club of Kuala Lumpur/ former President, Siemens Malaysia; and YB Dato’ Sri Hajah Nancy Shukri, Member of Parliament for Batang Sadong, Deputy Wanita Head, PBB Sarawak. traditional markets. The success of dealing with digital economic issues and challenges requires the empowerment through specific regulation as tools to control and regulate the new challenges, mainly to assess and regulate platform markets and their pricing algorithm.

Other topics discussed at the Forum include the Malaysia’s Economic Challenges and Outlook – Strengthening the Economy: Structural Reforms, Poverty Alleviation and Shared Prosperity: Where Do We Go from Here; Two Years Post GE14 – What Next? What to Expect? Where Do We Go from Here? The PH Government – Aspirations and Reality; The UMNO-PAS Declaration – Impact on Malaysian Politics; and the Key Outlook L to R: Datuk Tan Cheng Kiat, President of MICCI; YB Datuk Seri Saifuddin Nasution bin Ismail, Minister of Domestic Trade and for Strategic Economic Sectors – Challenges, Consumer Affairs; Datuk Seri Mohamed Iqbal Rawther, Chairman of the Economic Club of Kuala Lumpur; Tan Sri Michael Yeoh, President of KSI; and Mr Max Say, Executive Director and Chief Partnership Officer, KSI. Prospects, Issues. 28 2020 MALAYSIA ECONOMIC AND STRATEGIC OUTLOOK FORUM

L to R: Datuk Tan Cheng Kiat, President of MICCI; YB Dato’ Kamarudin Jaffar, Deputy Minister YB Dato’ Kamarudin Jaffar officiating the Opening Ceremony of the Malaysia Economic & of Foreign Affairs; Tan Sri Michael Yeoh, President of KSI; Tan Sri Rainer Althoff, Exco Member, Strategic Outlook Forum. Looking on is Datuk Tan Cheng Kiat, President of MICCI (left) and Tan Economic Club of Kuala Lumpur/ former President, Siemens Malaysia; and Ms Caroline Cheong, Sri Michael Yoeh, President of KSI (right). Chief Operating Officer, KSI.

Distinguished role players of the Economic Challenges Outlook L to R: Sr Michael Geh, President, FIABCI Malaysia; Dato’ Distinguished Role Players in the Political Session. L to R: Session. L to R: Mr Manokaran Mottain, Chief Economist, Henry Goh, Co-Founder & COO, MACROKIOSK; Tan Sri Rainer Datuk Dr. Denison Jayasooria, Head of APPGM-SDG Secretariat Alliance Bank Malaysia Bhd; Prof. Dr. Edmund Terence Gomez, Althoff, Exco Member, Economic Club of Kuala Lumpur/ former and Co-chair, Malaysian CSO SDG Alliance; YB Maria Chin Faculty of Economics and Administration, University of Malaya; President, Siemens Malaysia; Datuk Michael Kang, National Abdullah, Member of Parliament for Petaling Jaya; YB Dato’ Sri Dr. Oh Ei Sun, Partner, Censuria Capital Sdn Bhd & Senior President, SME Association; and Mr Raymong Woo, Council Hajah Nancy Shukri, Member of Parliament for Batang Sadong; Fellow, Singapore Institute of International Affairs; Prof. Datuk Member, ASEAN Retial-Chain Franchise Federation. YB Senator Dato’ Sri Ti Lian Ker, Vice President, Malaysian Norma Mansor, President, Malaysian Economic Association; and Chinese Association (MCA); Mr Tian Chua, Vice President, PKR; Mr Shan Saeed, Chief Economist, IQI Global. and Mr Jamari Mohtar, Director of Media & Communications, EMIR Research (M) Sdn Bhd.

Tan Sri Michael Yeoh, President, KSI presenting a memento to YB Datuk Seri Saifuddin Nasution KSI Team with YB Datuk Seri Saifuddin Nasution bin Ismail, Minister of Domestic Trade and bin Ismail, Minister of Domestic Trade and Consumer Affairs. Looking on is Datuk Sri Mohamed Consumer Affairs. Iqbal Rawther, Chairman of the Economic Club of Kuala Lumpur (left) and Datuk Tan Cheng Kiat, President of MICCI (right).

Datuk Dr. Denison Jayasooria, Head of APPGM-SDG Secretariat L to R: Mr Max Say, Executive Director and Chief Partnership L to R: Dato’ Satinah Syed Saleh, Council Member, National and Co-chair, Malaysian CSO SDG Alliance chairing the Political Officer, KSI; HE Visam Ali, Ambassador, Embassy of Maldives Education Advisory Council; Tan Sri Oman Abdul Rahman, Session on his right is YB Dato’ Sri Hajah Nancy Shukri, Member and HE Constantin Nistor, Ambassador, Embassy of Romania. Senior Fellow of KSI; Dato’ Halimah Said, President of PCORE; of Parliament for Batang Sadong and far right, YB Maria Chin and PCORE Team. Abdullah, Member of Parliament for Petaling Jaya.

Distinguished role-players include Mr Parliament for Batang Sadong, Deputy Wanita COO, MACROKIOSK; Datuk Michael Kang, Manokaran Mottain, Chief Economist, Head, PBB Sarawak; YB Senator Dato’ Sri Ti National President, SME Association; Dato’ Alliance Bank Malaysia Bhd; Prof. Dr. Edmund Lian Ker, Vice President, Malaysian Chinese Mike Loh, Vice President, ASEAN Retail-Chains Terence Gomez, Faculty of Economics and Association (MCA); Mr Jamari Mohtar, Director and Franchise Federation; and Tan Sri Rainer Administration, University of Malaya; Mr Shan of Media & Communications, EMIR Research Althoff, Exco Member, Economic Club of Kuala Saeed, Chief Economist, IQI Global; Prof. (M) Sdn Bhd; Mr Tian Chua, Vice President, Lumpur/ former President, Siemens Malaysia. Datuk Norma Mansor, President, Malaysian Parti Keadilan Rakyat / Chairman, Malaysian Economic Association; Dr. Oh Ei Sun, Partner, Productivity Corporation; Datuk Dr. Denison Mr Azrani Rustam, Vice President, Malaysian Censuria Capital Sdn Bhd & Senior Fellow, Jayasooria, Head of APPGM-SDG Secretariat International Chamber of Commerce and Singapore Institute of International Affairs; YB and Co-chair, Malaysian CSO SDG Alliance Industry delivered the Closing Speech. Maria Chin Abdullah, Member of Parliament & Former Professor of Public Advocacy, for Petaling Jaya / Former Chairman, BERSIH; KITA-UKM; Sr Michael Geh, President, FIABCI The high level one-day Forum was attended YB Dato’ Sri Hajah Nancy Shukri, Member of Malaysia; Dato’ Henry Goh, Co-Founder & by about 120 participants. 29 THE ECONOMIC CLUB OF KUALA LUMPUR (ECKL)

The Economic Club of Kuala Lumpur The Economic Club of Kuala Lumpur (ECKL) held a joint meeting of its Executive Present recommendations to Minister of Finance for Budget 2021. Council (EXCO), Advisory Council and Panel of Economists om 5 October 2002 to discuss and assess the state of the economy and to put forward some specific recommendations for Budget 2021. The recommendations have been crafted within the four broad themes as announced by the Minister of Finance.

Tan Sri Michael Yeoh, President, KSI calling on the Minister of Finance, YB Tengku Dato’ Sri Zafrul Tengku Abdul Aziz.

L to R: The ECKL Chairman, Datuk Seri Haji Mohamed Iqbal Rawther; Advisory Council Chairman, Tan Sri Abdul Wahid Omar and Tan Sri Michael Yeoh holding the ECKL’s Budget The ECKL EXCO and Advisory COuncil Members at a Joint Meeting chaired by Tan Sri Abdul Wahid Omar, Chairman, Advisory recomendations which were presented to the Minister of Finance. Council of the Economic Club Kuala Lumpur.

Safeguarding the wellbeing Enhancing public service Enabling sustainable living Driving economic growth of the Rakyat delivery

To protect vulnerable To emphasise Environmental, To spur economic growth To be outcome- focused and segments of society by Social, and Governance (ESG) and private investment - to better serve the rakyat. providing social safety nets for perspective in development. Overcoming challenges and the informal sector. issues faced by SME’s, mid-tier and large companies. focus on Long-term economic strategy To empower and enhance Ensuring sustainability for Generate job opportunities To enhance ease of wellbeing of the Rakyat. - workers, market place, by upgrading training and doing business & national address issue of urban poverty, environment and local reskilling. competitiveness - Fiscal focus on capacity building, communities. strategy and monetary close the digital divide. policy should be focused on economic recovery and competitiveness; hasten implementation & digitalization, focus on speed and agility to enhance competitiveness.

Promote consumer confidence & spending.

The above recommendations were presented to the Minister of Finance on 12 October 2020 at the Opening Ceremony of the Malaysia Economic Summit.

Members of the ECKL EXCO include Members of the ECKL Advisory Council 1. Datuk Seri Haji Mohamed Iqbal Rawther, Chairman 1. Prof. Dr. Sulochana Nair, VC/CEO, BinaryUniversity 2. Tan Sri Abdul Wahid Omar, Chairman, Advisory Council 2. Tan Sri Barry Goh,Executive Chairman, B&G Capital Resources Berhad 3. Tan Sri Michael Yeoh, Deputy President 3. Tan Sri Yong Poh Kon, Managing Director, Royal Selangor International Sdn Bhd 4. Dato’ Mohd Radzi Latiff, Secretary 4. Tan Sri Dr. Noor Azlan Ghazali, Executive Director, Economic Action Council (EAC) 5. Datuk M Supperamaniam, Assistant Secretary 5. Tan Sri Dr. Lim Wee Chai, Executive Chairman, Top Glove Corporation Berhad 6. Mr Jonathan Ong, Treasurer Members of the Economic Advisory Council 7. Dato’ Seri Vijay Eswaran 1. Emeritus Prof. Datuk Dr. Norma Mansor, Malaysian Economic Association 8. Mr Goh Peng Ooi 2. Mr. Mottain Manokaran, Alliance Bank Malaysia Berhad 9. Dato’ Dr. Jennifer Low 3. Mr. Wan Suhaimie Wand Mohd Saidie, KenangaI nvestment Bank Berhad 10. Tan Sri Rainer Althoff 4. Mr. Peck Boon Soon, RHB Group 11. Dato’ Wira Azhar Hamid 5. Mr. Shan Saeed, IQI Global 12. Dato’ Maznah Abdul Jalil 6. Mr. Alan Tan, Affin Hwang Investment Bank 7. Dr. Chua Hak Bin, Maybank Kim Eng Research 30 KSI INITIATIVES - MYHOMETOWN & K.AI RESEARCH LAB

KSI Initiatives myhometown.com.my

KSI has set up a new website - the first of its kind in the country - to enable Malaysians to discover the rich and diverse roots of our hometowns, to learn about their history, and to contribute to new developments that can VIP Guests at the launch. L to R: Mr Tian Chua; Mr Eddie Hoo; enhance the urban quality of life. 17 towns and Tan Sri Yong Poh Kon and Datuk Tan Yew Sing. cities will initially be convered by the website: Through it, we also intend to bring together Kuala Lumpur, Ipoh, Penang, Malacca, the public and private sectors as well as the Bahru, Kuching, Kota Kinabalu, , NGOs and CSOs in actitivites to promote and Kuala , Alor Setar, Kuantan and enhance urban space and the socio-economic Kota Bharu, Batu Pahat, Sibu, Klang, Sitiawan and environmental quality of life associated and Kangar. with it.

Dato’ Sri Nancy Shukri, Minister of Culture, Arts & Tourism The website is a technology, data and service In addition to the website, the MyHometown launching the myhometown.com.my website. driven one with desktop and mobile app project will include programmes and activities versions so that it can become the first choice like “I love my hometown” promotional for Malaysian and visitors wanting to follow campaigns, annual hometown reunion the heritage and history; news on business, art dinners, my home town Awards and student and culture; and the latest happenings in the essay competitions. These will help to raise various hometowns through the social media. public consciousness on the importance Apart from news, the website will provide of enhancing the hometown progress and videos, researched articles and photos achievements. drawing on the hometown’s roots, identity and personalities. The website has a target The advisers to this project include Tan Sri audience of 25 million or approximately 75% Tan Koon Swan and Tan Sri Dr. Koh Tsu Koon.

Tan Sri Majid Khan, Deputy Chairman, KSI with Tan Sri Dr. Omar of the country’s population who live in the Dr. Lim Teck Ghee is the Editor in Chief of the Abdul Rahman. nation’s cities and towns. website and mobile app.

The myhometown.com.my website Chief Editor, Dr. Lim Teck L to R: Dr. Lim Teck Ghee; Ms Caroline Cheong; Dato’ Sri Nancy L to R: Dato’ Sri Nancy Shukri; Tan Sri Michael Yeoh YB Tan Yee Ghee speaking at the launching ceremony. Shukri; Tan Sri Michael Yeoh and Tan Sri Majid Khan at the Kew and Dato’ Chua Jui Meng at the VIP holding room. launching Ceremony.

As part of a strategic initiative to help K.AI helps to sensitise organisations to business, government and society stay fundamental surprise by planning and ahead of the curve with futures thinking channelling resources for different futures research powered by artificial intelligence, through Scenario Planning, thus deepening KSI Strategic Institute for Asia Pacific and their agility and resilience so that the future KSI Strategic Institute award-winning AI company, MyFinB Group, can be understood with fewer material for Asia Pacific and have jointly established K.AI Research Lab. uncertainties. The primary objective of K.AI Research award-winning AI Lab is to drive forward-looking research KAI’s activities include, but not limited to: company, MyFinB Group, and empower business leaders and policy have jointly established makers to restore and strengthen the Advocacy and AI-powered research on Malaysian economy and industries. four core tracks as part of its Phase I K.AI Research Lab implementation, namely: K.AI helps to augment the capacity of A. Reskilling and Upskilling the workforce policymakers to anticipate change in B. Digital Economy complex sociopolitical and economic C. Smart manufacturing environments, fill up incomplete D. Banking - Digital Age assumptions, and to uncover gaps and inflexibilities in their organisations. Futures Creation of quarterly indexes to measure the sentiment and fundamental direction of Thinking - when used with A.I-based tools, key indicators based on the four core tracks. plays an important role in provoking the status quo and traditional processes, Design and implement bespoke expert and encouraging policymakers out of research systems for organisations to their comfort zones. K.AI helps leaders make a case for innovation or investment to consider the bigger systemic context in innovation, gain awareness of industry beyond their immediate domains, and or disruptive trends to identify new Signing of MoU between KSI Strategic Institute for Asia to activate the imagination in a VUCA markets and stakeholders, or seek out Pacific and MyFinB Group for setting up the K.AI Research settings that affect both the individual and growth areas for new ventures when Lab to offer AI research services withnessed by the Minister of Health, YB Dato’ Sri Dr. Adham bin Baba. organisational levels. creating an innovation strategy. 31 PICTORIAL HIGHLIGHTS Pictorial Highlights

Donation of face masks to the by BBX, KSI and EO. Tan Sri Michael Yeoh with Deputy Chief Minister of Sabah, Dato’ Seri Dr. Jeffery Kitingan.

The KSI Team with YB Dato’ Sri Dr. Adham bin Baba, Minister of Health. YB Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku Jaafar, Minister of Entrepreneur Development and Cooperatives with KSI Directors and Advisers.

Minister of Housing and Local Government, YB Puan Hajah Zuraida Kamaruddin with Directors Group photo of the KSI Team at 2020 ASEAN Leadership and Partnership Forum and Virtual and Advisers. Conference.

The KSI Team with YB Dr. Maszlee Malik, Former Minister of Education, Malaysia / Member of The KSI Team with Tan Sri Dr. Jemilah Mahmood, Special Advisor on Public Health to YAB Prime Parliament for Simpang Renggam. Minister. During the course of the year, Tan Sri Michael Yeoh, President of KSI also participated as a New Appointment Speaker or Moderator in several online forums. Zaim Mohzani Director, Government, Diplomatic & Youth Engagement

We are pleased to appoint Zaim Mohzani as our Director of Government, Diplomatic & Youth Engagement. Zaim completed his Master, from the London School of Economics on the British High Commissioner’s Chevening Scholarship.

He was elected as the President of the Chevening Alumni Malaysia. He is

L to R: Tan Sri Dato’ Michael Yeoh, Mr Anthony Raja Michel Devadoss, Mr Chong Wooi Kong, Mr Gary Tang Kok Lian, passionate about international relations, Tan Sri Azman Hashim and Dr. Vince See Eng Teong joining the MAJECA Webinar. public policy and youth empowerment.

He was recently with the Malaysian Global • Asia Pacific Business Forum (APBF)organised by UNESCAP Innovation and Creativity Centre (MAGIC) • The MAJECA Webinar and has co-founded and led several NGO’s. He is a Global Shaper of the World • The China Developments Institutes Think Tank Forum Economic Forum and selected to be a • The HORASIS ASIA Meeting member of the US State Department’s Young Southeast Asian Leaders Initiative • The APEC CEO Dialogue (YSEALI). • The Asia Business Summit

KSI Strategic Institute for Asia Pacific Mission, Vision and Objectives

KSI’s Services Products Management • Policy Research and Studies • Thought Leadership Events • Caroline Cheong, Executive Director • Business Advisory Services • Thought Leadership Reports & Chief Operating Officer • High Level Forums • Thought Leadership Networks • Max Say, Executive Director & • Business Summits Chief Partnership Officer • CEO Peer Groups Pillars • Voon Zhen Yi, Research Director • Education • Zaim Mohzani, Director, Government, Purpose • Economics Diplomatic & Youth Engagement • Building Better Nations • Politics and Governance • Quah Lian Sh’ng, Communication • International Affairs & Program Manager Positioning • Healthcare • Jessica Hap, Senior Event Manager • Thought Leadership with & Senior PA to President Impact People • Kamalaveni A/P Batumalay, Conference Admin Manager • Knowledge Seeking Innovators • Janet How, Admin & Trade Coordinator Plan • Key Strategic Influencers • Leverage networks and • Keeping Success Indefinitely • Mohd Radhi Puteh, Event Sales Manager events • Noor Syazwani Md Amin, Events Sponsorship & Sales Manager • Use technology pervasively • Zaiton Mamat, Admin Executive www.kasi.asia #WhereLeadersMeet

KINGSLEY ADVISORY & STRATEGIC INITIATIVES SDN BHD1256734-T A-07-09, Plaza Mont Kiara, 2, Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur, Malaysia T: +603 6419 9698 F: +603 6149 9683 E: [email protected]