Vol 2 2015: June PP 8307/12/2012(032066) www.asli.com.my ASLI HOSTS ASEAN LEADERS

Seated are The Prime Ministers of Laos, Cambodia and Malaysia, Sultan of Perak, President of Myanmar, Chief Executive of Hong Kong Special Administrative Region and Representative of the Philippines President, Trade Secretary Gregory Domingo.

Prime Minister Hun Sen, Tan Sri Michael Yeoh, Dato Sri Mohd Najib, Sultan Nazrin Shah, Secretary The Prime Minister arriving at the Forum received by ASLI Senior Vice President Mr. Max Say, CEO Tan Domingo, President U Thein Sein and Mr. C.Y. Leung (partly hidden). Sri Michael Yeoh and Senior Advisor Ms. Jean Wong.

Sultan Nazrin Shah of Perak flanked by Dato Sri Mustapa Mohamed, Tan Sri Jeffrey Cheah,Tan Sri Chairman of ASLI Tan Sri Jeffrey Cheah greeting the President of Myanmar U Thein Sein. Michael Yeoh and Dato Seri Abdul Wahid Omar.

...more inside 12TH ASEAN LEADERSHIP FORUM

Linking hands in ASEAN solidarity - Sultan of Perak, Chief Executive of Hong Kong and ASEAN Leaders.

HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah arriving for the opening ceremony accompanied HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah hitting the gong to open the Forum. Looking on are Dato’ by Tan Sri Michael Yeoh, CEO ASLI. Sri Mustapa Mohamed, MITI Minister, Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI, Tan Sri Michael Yeoh, CEO ASLI and Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department.

In conjunction with the 26th ASEAN Summit hosted and chaired by Abdul Wahid Omar in his speech lauded ASLI for its initiative in bringing Malaysia, ASLI organised the 12th ASEAN Leadership Forum. The Forum together 50 young ASEAN Leaders to deliberate on future challenges was graced by HRH The Sultan of Perak, Sultan Nazrin Muizzuddin Shah; facing ASEAN. He added, the focus on the younger generation is the President of Myanmar U Thein Sein; the Prime Minister of Cambodia most welcome as interaction with the youth is critical to the success of Samdech Hun Sen; the Prime Minister of Laos Thongsing Thammavong; ASEAN. Mr. C.Y. Leung, Chief Executive of the Hong Kong Special Administrative Region; Mr. Gregory Domingo, Secretary of the Department of Trade and HRH Sultan Nazrin Muizzuddin Shah, the Sultan of Perak was conferred Industry representing President Benigno Aquino of the Philippines; the with the ASEAN Lifetime Achievement Award at the Forum for His Royal Minister of International Trade & Industry Dato Sri Mustapa Mohamed Highness distinguished contributions to ASEAN studies and Southeast who is this year’s Chair of the ASEAN Economic Community Council; Asia research. In his Royal Address, Sultan Nazrin said ASEAN should and Minister in the Prime Minister’s Department Dato’ Sri Abdul Wahid focus on its people. The Sultan noted that ASEAN remains as a young Omar. Ministers and Business Leaders from the other ASEAN countries region, “The median age of the ASEAN countries in 2010 was only 28 were also present. years”. His Highness also warned that current leaders should not be complacent but rather be aware of the fragile and external circumstances Prime Minister Dato Sri Mohd Najib in his Special Message to the Forum from which ASEAN is not spared. “Most ASEAN countries are today in emphasized the efforts to develop a sense of Aseaness among the the middle of great intergenerational change impacting society, business people of ASEAN - “We hope to focus on a People-Centred ASEAN so and politics. It is imperative that these generations can be successive that it becomes more relevant to the ordinary people of ASEAN”, Dato ones in politics, business and civil society”. Sri Najib stressed in his Message, “The engagement with the younger generation as future leaders is timely and relevant”. The Prime Minister The Prime Minister of Cambodia H.E. Samdech Hun Sen said with the also said the Forum enables the business community to be updated on establishment of the ASEAN Community, the region would be able to new developments in ASEAN and the prospects arising from the full maintain peace, stability and growth and at the same time integrate implementation of the ASEAN Economic Community. The Prime Minister into an economic and political region. To achieve the One Community, welcomed and complimented ASLI for organising the timely Forum. One Vision, One Identity goal, ASEAN must strengthen its commitment to resolve challenges to narrow the development gap and promote Earlier in his Welcome Remarks, the Chairman of ASEAN Leadership connectivity. The Prime Minister of Laos H.E. Thongsing Thammavong, Forum and CEO of ASLI, Tan Sri Michael Yeoh spoke of the 4C’s and 4I’s the incoming Chair of ASEAN in 2016 said, this was a significant year for of ASEAN -Community, Connectivity, Centrality and Competitiveness; as ASEAN which would see the setting up of the ASEAN Community. well as Inclusive development, Investment, Infrastructure development and Innovation. The Minister in the Prime Minister’s Department Dato Sri

Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI presenting a memento to H.E. Samdech Hun Sen, Prime Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI presenting the ASEAN Lifetime Achievement Award to HRH Minister of Cambodia, Looking on are H.E. Thongsing Thammavong (seated), Prime Minister of Laos Sultan of Perak Sultan Nazrin Muizzuddin Shah. Looking on are Tan Sri Michael Yeoh, CEO ASLI, and Tan Sri Michael Yeoh, CEO ASLI. H.E. U Thein Sein, President of Myanmar (seated left), H.E. C.Y. Leung, Chief Executive, Hong Kong Special Administrative Region (seated right).

 12TH ASEAN LEADERSHIP FORUM

Left to right: Dato’ Sri Mustapa Mohamed, MITI Minister, H.E. Thongsing Thammavong, Prime Minister of Laos, H.E. Samdech Hun Sen, Prime Minister of Cambodia, H.E. U Thein Sein, President of Myanmar, Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI, HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah, Tan Sri Michael Yeoh, CEO ASLI, H.E. C.Y. Leung, Chief Executive, Hong Kong Special Administrative Region, Dato Seri Abdul Wahid Omar, Minister in the Prime Minister’s Department, H.E. Gregory Domingo, Secretary of the Department of Trade & Industry, Philippines.

Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI, presented memento to H.E. C.Y. Leung, Chief Executive, Hong Kong Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI presenting a memento to H.E. Thongsing Thammavong, Prime Special Administrative Region. Looking on are Tan Sri Michael Yeoh, CEO, ASLI; H.E. Thongsing Thammavong, Minister of Laos. Looking on are HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah and Tan Sri Michael Prime Minister of Laos; H.E. Samdech Hun Sen, Prime Minister of Cambodia; H.E. U Thein Sein, President of Yeoh, CEO, ASLI. Myanmar; HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah. The President of Myanmar H.E. Thein Sein, last year’s Chair of Mr. Rajiv Biswas, Senior Director & Asia Pacific Chief Economist; and ASEAN, said the People-Centred ASEAN aspiration must be built Dr. Robert Yap, Executive Chairman, YCH Group. The Forum lunch was upon engagement and networking among individuals, business and hosted by MITI. The MITI Secretary General Tan Sri Dr. Rebecca Fatima organizations and also the private sector and civil society to bring a Sta Maria gave the Luncheon Speech on behalf of the MITI Minister. greater sense of belonging among stakeholders. President Benigno Aquino of Philippines said the development of the region rests not Other sessions covered are People Centred ASEAN-What More only on the governments but also the various communities and people Needs to be Done; Deepening ASEAN Integration and Strengthening should be involved. “As Leaders, we must also engage our peoples in Competitiveness, and Developing the Post 2015 Vision. Speakers treading the same path towards realizing our aspirations as One ASEAN came from the ASEAN countries and included Ambassador Pradap Community. That is why we are here today: to engage businessmen Pibulsonggram, Thailand’s Representative to the ASEAN High Level Task and key stakeholders in our shared quest to realize a more progressive, Force on Connectivity and ASEAN Connectivity Coordinating Committee; more inclusive and more people driving ASEAN”. The President of the Mr. Pou Sothirak, former Minister of Energy & Industry Cambodia and Philippines stressed that good governance means good economics. Executive Director, Cambodian Institute for Cooperation and Peace; “By creating more opportunities for collaborations and partnership with Prof. Simon Tay, Chairman, Singapore Institute of International Affairs citizens, we are promoting a balanced community, one that not only and former Chairman, Singapore National Environment Agency; Prof. uplifts our people’s welfare but also empowers them as contributors in Hidetoshi Nishimura, Executive Director, Economic Research Institute our growth as a region”. for ASEAN and East Asia (ERIA); Ms. Elaine Tan, Executive Director, The ASEAN Foundation, Indonesia; Ms. Penny Low, Member of Parliament, The Chief Executive of the Hong Kong Special Administrative Region Singapore and Founder/President of Social Innovation Park Ltd; Prof. Dr. Mr. C.Y. Leung also delivered a Special Address at the Forum where he Thitinan Pongsudhirak, Director, Institute of Security and International spoke about enhancing Hong Kong-ASEAN ties and how ASEAN and Studies, Chulalongkorn University, Thailand. Hong Kong can collaborate more closely. The President and CEO of AXIATA Dato’ Sri Jamaludin Ibrahim also delivered a Welcome Speech The Strategic Partners for the 12th ASEAN Leadership Forum were on the 2nd day of the Forum. The 1st session on the 2nd day on the Konrad Adenauer Stiftung, Maybank, Australia and New Zealand topic Realising the ASEAN Economic Community had an interesting Banking Group, Muhibbah Engineering, Siemens Malaysia and Global panel comprising Tan Sri Rafidah Aziz, former Minister of International Movement of Moderates. The Corporate Partners were Tenaga Nasional Trade & Industry; Mr. Ian Buchanan, Senior Adviser to PwC Strategy &; Berhad, Kuala Lumpur Kepong Berhad and ASEAN Business Forum. Mr. Pushpanathan Sundram, former ASEAN Deputy Secretary General; The Associate Partners were Vintage Golf and UMW.

From left to right: H.E. U Thein Sein, President of Myanmar, H.E. Dato Sri Jamaluddin Ibrahim, President and Group CEO, AXIATA Left to Right :- Tan Sri Michael Yeoh, CEO, ASLI, Mr. Ian Buchanan, Senior C.Y. Leung, Chief Executive, Hong Kong Special Administrative Group presenting a memento to HRH Sultan of Perak Sultan Nazrin Executive Advisor, PwC Strategy & (ANZSEA) Pty Ltd, Sydney/Chairman Region and H.E. Gregory Domingo, Secretary of the Department Muizzuddin Shah. Looking on are Dato Sri Mustapa Mohamed, Australia National Committee for Pacific Economic Cooperation (AUSTPECC); of Trade & Industry, Philippines. MITI Minister; Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI; Tan Tan Sri Rafidah Aziz, Chairman, AirAsia X Berhad/former MITI Minister; Sri Michael Yeoh, CEO, ASLI and Dato Sri Abdul Wahid Omar, Datuk Abdul Farid Alias, Group President & CEO, Malayan Banking Berhad; Minister in the Prime Minister’s Department. Mr. Pushpanathan Sundram, former ASEAN Deputy Secretary General/ Chairman, China-ASEAN Business Association; Mr. Rajiv Biswas, Senior Director & Asia Pacific Chief Economist, IHS Global Insight, Singapore.

 ASLI CO-ORGANIZES CONFERENCE WITH BOAO FORUM

Tun Abdullah bin Haji Ahmad Badawi, former Prime Minister of Malaysia meeting with H.E. Zeng H.E. Zeng Peiyan and Tun Abdullah Ahmad Badawi arriving for the Forum accompanied by Tan Sri Peiyan, former Vice Premier of China and Vice Chairman of Boao Forum of Asia. Peter Chin, Tan Sri Michael Yeoh and Dato Sri David Yeat.

From Left: ASLI CEO Tan Sri Michael Yeoh, Founder, Chairman & CEO of GD Development Sdn. Bhd. Minister of International Trade and Industry Dato’ Sri Mustapa Mohamed arriving at the Boao Forum Dato’ Sri David Yeat, Minister of Transport YB Dato’ Sri Liow Tiong Lai, former Prime Minister of for Asia with CEO Tan Sri Michael Yeoh and Tan Sri Lee Kim Yew. Malaysia Tun Abdullah bin Haji Ahmad Badawi and Founder of Country Heights Holdings Berhad Tan Sri Lee Kim Yew.

In collaboration with Boao Forum for Asia (BFA), ASLI organised a between environment and economic sustainability. This refers to conference on Energy, Resources and Sustainable Development. It China being the world’s largest investor in clean and renewable was held on 10th and 11th June, 2015 at the Shangri La Hotel. The energy. conference focused on One Belt, One Road and Energy/Resource Cooperation. The overarching goal of the conference is to contribute With the joint development of economic belt that is centred on “One towards establishing long-term relationships, both at regional and Belt and One Road”, Tun Abdullah Badawi affirmed that it will serve as global levels for a secure and sustainable energy future for all people. a solid foundation for collaboration on energy and resources amongst It is envisioned that the One Belt, One Road Initiative will offer new Asian countries. A collaboration mechanism is thus needed to be put impetus to the energy and resources cooperation in Asia. in place.

Approximately more than 200 delegates attended the event. Both, Tun Addressing the event, Dato Sri Mustapa remarked that the annually Abdullah Badawi, former Prime Minister of Malaysia along with Dato’ held Boao Forum for Asia is regarded as a highly reputable global Sri Mustapa Mohamed, Minister of International Trade and Industry forum for meetings of mind. The salience of this event that takes (MITI) gave welcoming remarks at the event. Among the state leaders place at the time Malaysia hosts the ASEAN chairmanship this year who attended the two-day conference were the former Vice Premier was also mentioned by him. As made evident by the present China- of China, H.E. Mr Zeng Peiyan, H.E. Wu Xinxiong, former Minister ASEAN bilateral trade that has increased five-fold from USD 78 million of China National Energy Administration, Dato’ Sri Liow Tiong Lai, in 2003 to USD 444 billion in 2013, Dato Sri Mustapa mentioned that Minister of Transport and Dato Lee Chee Leong, Deputy Minister of China is now ASEAN’s largest trading partner and ASEAN is China’s International Trade and Industry, Malaysia. third largest trading partner. Malaysia alone has bilateral trade with China more than US100 billion, making it third country in Asia, after In his welcoming remarks, Tun Abdullah Badawi said that Asia’s Japan and South Korea. growth and development is challenged by the effects of urbanisation, public health, climate change and environmental degradation. Hence, Having regard to the agreement between the Malaysia Prime Minister it is imperative to urgently address these issues in a holistic manner. Dato Sri Najib Abdul Razak and the Chinese President Xi Jinping He also underscored that in the age of climate change, countries to upgrade ties to a comprehensive strategic bilateral partnership, need to upgrade their economic model to a “new normal” that values Dato Sri Mustapa mentioned that Malaysia and China have set an sustainability and social justice. ambitious bilateral trade target of US160 billion to be achieved by year 2017. The economic interdependence between ASEAN and In light of the ongoing shift of the economic patterns and drive of China has continued to be strengthened since the signing of the China’s economic progress of a “new normal”, Tun Abdullah Badawi Framework Agreement on Comprehensive Economic Co-operation pointed out that China’s adoption of a new model of sustainable 2002. This agreement has contributed significantly in boosting trade development can be set as best practices to achieve a balance and investment ties of both sides, namely in transport, agriculture,

Distinguished Panel on “One Belt and One Road” & Energy/ Mr. Andrew Forrest, Chairman of FMG Australia meets and greets ASLI team with YB Dato’ Lee Chee Leong, Deputy Minister of Resources Cooperation: Anchor of CCTV Ms. Tian Wei, Executive former Prime Minister of Malaysia Tun Abdullah bin Haji Ahmad International Trade and Industry and Tan Sri Lee Kim Yew. Director of Green RE Sdn. Bhd. Mr. James Chua, President of Badawi, whilst Tan Sri Lee Kim Yew, Founder of Country Heights Institute of Future Studies for Development Thailand Professor Dr. Holdings Berhad and Tan Sri Peter Chin, Chairman of Malaysian Kriengsak Chareonwongsak, and Tan Sri Fong Chan Onn, former Green Technology Corporation look on. Minister of Human Resource Malaysia and former Chairman of Sustainable Energy Development Authority Malaysia (SEDA).

 BFA ENERGY, RESOURCES AND SUSTAINABLE DEVELOPMENT CONFERENCE

Distinguished Panel of “One Belt and One Road”: The Role & Opportunities for ASEAN: Tan Sri Michael H.E. Zhou Wenzhong, Secretary General of Boao Forum for Asia presents a memento to the Minister Yeoh, Tan Sri Lee Kim Yew, H.E. Ambassador Huang Huikang, Dato’ Sri David Yeat and Professor Dr. of Transport Malaysia Dato’ Sri Liow Tiong Lai. Kriengsak Chareonwongsak.

CEO Tan Sri Michael Yeoh having a chat with Tan Sri Yeoh Tiong Ms. Ng Yeen Seen, COO of ASLI and Ms. Dianna Lee, Group CEO Tan Sri William Cheng, Non-Independent Chairman and Managing Lay, Group Executive Chairman of the YTL Corporation. of Country Heights Holdings Berhad exchange Memorandum of Director of the Lion Group, Tan Sri Lim Gait Tong, Chairman Understanding, whilst YB Dato’ Sri Liow Tiong Lai, Tan Sri Lee and Chief Executive of Farlim Group (Malaysia) Berhad and Kim Yew and CEO Tan Sri Michael Yeoh look on. distinguished guests attending the Boao Forum for Asia. technology, energy, telecommunications, SME, Halal Development importance of institutionalising partnership. Partner countries were and connectivity. encouraged to establish commonality in visions; policies; plans; standards~agendas and conflict resolution mechanisms. Furthermore, Former Vice Premier Zeng Peiyan in his key note speech explained the principle of win-win partnerships should govern the framework that energy and resources cooperation are the basic elements that of energy and resources co-operation as noted by panel speakers. are indispensable to human survival. The main challenge according Considering Asia’s unique geo-politics, One Belt and One Road to him is on how to coordinate cooperation among the different initiative will require a framework that has diversified co-operation countries. This has been a major subject of discussion concerning mechanisms. In order to achieve this, it will need broad consensus global sustainable development. As the world’s economic gravity and strong communication strategies between the supplier and shifts to Asia, the centre of global energy consumption has also demand countries. For Asian countries to establish an energy and moved eastward. resources partnership based on the principle of win-win partnership, the session reiterated the importance to establish a stable supplier- The first session of the conference focused on Price Fluctuations & consumer partnership aimed at generating a stable expectation of Supply-Demand Partnerships. Four key points were raised in this prices of market prospect; promote the stable economic development session. First, the One Belt One Road area, going forward, will have of countries on both the supply and demand sides; and help bring a growth rate of 4.6%. The rest of the world will have less than 2%. about a stable world energy and resources market. As to electricity demand in the One Belt area, they will have 2.5 times the demand of the rest of the world. Second, worldwide energy supply The third session discussed about the role and opportunities for and demand is changing, shale oil is one of the factors that is pushing ASEAN in the context of One Belt and One Road Initiative. ASEAN this change. Long term prices are set by an expectation of the long stands out as the most critical starting point of the Maritime Silk run marginal cost of supply. This is dropping, and cooperation is Road. The initiative stresses on infrastructure development, and needed right across Asia to get the markets working. Third, in the in reference to this, the infrastructure links are still lagging behind. future, choices will be directed toward natural gas and nuclear Years of experience in major projects has left China in a position to as a sustainable mix against coal. There will continue to be sharp lead and share their expertise with ASEAN countries for the One fluctuations in the future, therefore it is important to strengthen bilateral Belt project. The Belt and the Road initiative will provide abundant and multilateral cooperation to minimise this. Fourth, the One Belt and capital - the total demand for infrastructure capital in ASEAN will the One Road will serve as a bridge to link the Asian economic circle reach $600 billion in the next decade, initial capital will be $10 billion. and the European economic circle to account for 4.4 billion people. It The Maritime Silk Road Bank will be set up to get this project started will allow 4.4 billion people to be connected into one single market. It and this will be supported by other development and infrastructure also represents $20 trillion in GDP, and resources here will account banks, including The China Construction Bank, as well as AIIB. The for over 50% of the world total. This raises unprecedented business Belt and Road will unlock the infrastructure link and remove barriers opportunities across the region. to economic growth here. This will also enhance the cooperation of all economies involved. Finally, the Belt and Road will enable ASEAN to The second session explored in-depth on ways to establish a establish strong trade ties with West Asia and other countries along sustainable Asian energy and resources partnership. To operationalise the Belt. the project is the common aspiration that will be conducted the One Belt and One Road initiative, the panellists underscored the (Cont. to page 16)

Secretary General of Boao Forum for Asia H.E. Zhou Wenzhong meets and greets Tun Abdullah bin Haji CEO Tan Sri Michael Yeoh and Ms. Zhu Xiaohong, Managing Director of Boao Forum for Asia signing Ahmad Badawi, former Prime Minister of Malaysia whilst COO Ms. Ng Yeen Seen looks on. the Memorandum of Understanding, whilst Minister of Transport Malaysia Dato’ Sri Liow Tiong Lai and Secretary General of Boao Forum for Asia H.E. Zhou Wenzhong look on.

 WCEF APPOINTS HON ADVISER AND CONFERRED LIFETIME ACHIEVEMENT AWARDS

WCEF Chairman & ASLI CEO Tan Sri Michael Yeoh presenting the Certificate of Appointment to Dato’ Transport Minister and WCEF Honorary Adviser Dato’ Sri Liow Tiong Lai presents the Lifetime Sri Liow Tiong Lai as WCEF Honorary Adviser. Achievement Award to CIMB Chairman Dato’ Sri Nazir Razak.

Tan Sri Michael Yeoh, Dato’ Sri Nazir Razak, Tun Dr. Ling Liong Sik and Dato’ Sri Liow Tiong Lai. Dato’ Sri Liow Tiong Lai, Dato’ Sri Nazir Razak, Mr. Tan Koon Swan and Tan Sri Ramon Navaratnam.

Group Photograph of VIP Guests. Dato’ Nazir Razak having a light moment with ASLI’s Ms. Ng Yeen Seen, Ms. Elaine Kok and Ms. Janet How. The World Chinese Economic Forum, a high level business and economic Power of Networking and the One Belt, One Road Initiative of President Forum organised annually by the Asian Strategy & Leadership Institute Xi Jinping. (ASLI) to connect China and Southeast Asia and China with Europe in line with President Xi Jinping’s 21st Maritime Silk Road and the Silk Recently the WCEF and ASLI conferred Lifetime Achievement Awards on Road Economic Belt will be held in London on 10th and 11th November two distinguished personalities. This is part of the Lifetime Achievement 2015. This will be the 7th edition in this annual series. The WCEF also Awards conferred at each WCEF. The two recent recipients are Dato’ Seri connects the Global Chinese Diaspora. The 7th WCEF will commence Nazir Razak, Chairman CIMB Bank who was honoured for his Lifetime with the WCEF Young Entrepreneurs Roundtable and WCEF Women Achievement in Banking and Finance having built CIMB Bank into one of Entrepreneurs Roundtable to be held at the House of Lords in the Palace Malaysia leading banks. The other recipient is former Transport Minister of Westminster. This will then be followed by the Opening Reception and and MCA President Tun Dr. Ling Liong Sik honoured for his Lifetime Dinner at Kensington Palace followed by the full day conference at the Achievement in Government and Education. Tun Dr. Ling is also Chairman Savoy Hotel London. of the Universiti Tunku Abdul Rahman (UTAR Council and a long time Chairman of the Kolej Tunku Abdul Rahman. More than 40 speakers from over 20 countries will participate in this Forum drawn from Government, Business and Thought Leaders. Among the Several more Lifetime Achievement Awards will be presented at the 7th key topics that will be discussed are China in the Global Economy, The WCEF in London in November 2015.

ASLI HOSTS U.S. ASSISTANT SECRETARY OF STATE

Tan Sri Michael Yeoh with Assistant Secretary of State Mr. Russell The US Assistant Secretary of State for East Asia and Pacific in a Ms. Jean Wong, Tan Sri Eddy Chen, Tan Sri Jawhar Hassan and and US Ambassador Joseph Yun. group photograph with the dinner guests. Datuk David Chua. ASLI hosted a dinner discussion with the U.S. Assistant Secretary of Russell said his portfolio, focused on strategic partnership and trade and State for East Asian and Pacific Affairs, Mr Danny Russell on the 11th of investment between the US and important countries in the APAC region, June 2015 at the Bankers’ Club in Kuala Lumpur to discuss political and and the ASEAN bloc. They then proceeded to discuss several key issues economic issues of mutual interest. It was attended by a mixed group of which included the possibility of war in the South China Sea. Many present 14 people comprising business leaders, thought leaders, former politicians felt that war was unlikely for political and economic reasons. Mr Russell and former senior civil servants as well as senior-level representatives assured them that the US was mindful of any incidents that could lead to from the Embassy of the United States and ASLI. conflict, and have been investing in high level relationships with China. However, he highlighted that China’s position on the matter was that their Tan Sri Michael Yeoh, CEO and Director of ASLI first made general historical claim was indisputable. He emphasised that the US was neutral introduction to give Mr Russell a general overview of the attendees. Mr on the claims whether the outcome was for or against China so long as the outcome was the result of diplomacy or arbitration.

 2ND NATIONAL ECONOMIC SUMMIT

ASLI Chairman Tan Sri Jeffrey Cheah presenting a Memento to Minister in the Prime Minister Minister Dato’ Seri Abdul Wahid answering questions from the floor whilst Tan Sri Jeffrey Cheah Department Dato’ Seri Abdul Wahid Omar whilst Tan Sri Michael Yeoh looks on. looks on.

The Minister with Tan Sri Jeffrey Cheah, MICCI President Dato’ Wira Jalilah Baba and ASLI Director Datuk Dr. Denison Jayasooria, Dato’ Wira Jalilah Baba, Tan Sri Ramon Navaratnam, Prof. Dato’ Dr. Tan Sri Ramon Navaratnam. Noor Azlan Ghazali, Prof. Rajah Rasiah and Ms. Ng Yeen Seen.

The 2nd National Economic Summit, held at Sunway Putra Hotel on the 8th Partnerships (PPP) and noted that to date there have been 700 projects and June 2015, focused on the theme Addressing Current and Future Challenges 113,000 jobs eliminated from the government’s payroll. Therefore, this takes in updating those in attendance on the recently tabled 11th Malaysia Plan. proper planning and management to achieve. Implementing agencies must Tan Sri Michael Yeoh opened the summit by congratulating the government ensure compliance as well as management and monitoring mechanisms in on its progressive, thoughtful and game changing 11th Malaysia Plan that meeting KPls and payment. will take Malaysia to 2020.Tan Sri Yeoh called on Government to establish an independent monitoring mechanism to monitor the 11th MP. The Summit then hosted a panel discussion to unpack the significance of the 11 MP and what it means for future growth in Malaysia. There was a In his Keynote Address, Minister in the Prime Minister’s Department, Dato’ general consensus among the speakers to not just use economic indicators Seri Abdul Wahid Omar outlined the strategies and targets of Eleventh when measuring development. Datuk Wira Jalilah Baba, President of MICCI, Malaysia Plan. Dato Seri Abdul Wahid Omar explained that the next five described how income can be a poor measurement because when income years are expected to be challenging with continued uncertainties in the rises the cost of living also rises. global economy, particularly given the prospect of lower prices for crude oil and other major commodities, as well as the risk of a slowdown in Professor Datuk Dr. Noor Azlan Ghazali, Vice Chancellor, National University the economies of our major trading partners. He also argued that the of Malaysia (UKM), urged a sophistication of activities instead of looking uncertainties in global outlook and changing external landscape highlight only at GDP. He talked about how in developed countries, people behave the need for continued structural reforms to sustain long-term growth and differently than in developing countries. Malaysia would need to adopt this to remain competitive. style of behaviour in order to become a fully developed nation, he argued.

The Minister then explained that the key effort of the government is the Professor Dr. Rajah Rasiah from the University of Malaya, focused on the strengthening of macroeconomic fundamentals. In particular, we need to idea of public-private partnerships. He predicted many more to come around pursue prudent fiscal policies towards achieving sustainable government in the near future. Professor Rasiah emphasized the need for governments finances, while supporting inclusive economic growth, he said. This is to stick to providing public goods, which he defined as non-excludable and a prerequisite for macroeconomic stability, and to ensure that we have non-rival. He encouraged the government to pull back and let the private the flexibility and capability to respond effectively in times of economic sector do most of the work. uncertainties. Datuk Dr. Denison Jayasooria, Secretary General of PROHAM, encouraged Datuk Seri Dr. Rahamat Bivi Yusoff, Director General of the Economic focusing on the bottom 40% of the population. He described how there Planning Unit, gave a Special Presentation on the 11 MP. During this she are huge strengths in the document with regard to this, such as the noted that development plans were not new to Malaysia. She also argued multidimensional poverty index. He encouraged more work here, describing that the government has always put the growth of the rakyat at the heart of it as a human rights issue, and including sustainable development and the economy. indigenous land rights as an area which should receive focus.

The second Special Presentation was delivered by Dato’ Ahmad Husni Ms. Ng Yeen Seen, COO of ASLI and Senior Director of CPPS urged the Bin Hussain, Director General, Public Private Partnership Unit, Prime audience to look at the middle class. While the bottom 40% and the top 20% Minister’s Department. Dato’ Hussain talked on the issue of Public Private often come up in conversation, the middle 40% is often left out, she said.

Ambassadors at the Forum. Tan Sri Ramon Navaratnam presenting a Memento to EPU Director ASLI CEO Tan Sri Michael Yeoh presenting a Memento to UKAS General Dato’ Dr. Rahamat. Director General Dato Ahmad Husni Hussain.

 19TH MALAYSIA EDUCATION SUMMIT

Chairman Tan Sri Dr. Jeffrey Cheah presents a memento to YB Dato’ Seri Idris Jusoh, Minister of Minister of Education II YB Dato’ Seri Idris Jusoh arriving at the Summit with Chairman Tan Sri Dr. Education II. whilst CEO Tan Sri Michael Yeoh and Director Tan Sri Ramon Navaratnam look on. Jeffrey Cheah and CEO Tan Sri Michael Yeoh.

Tan Sri Ramon Navaratnam having a chat with YB Minister Dato’ Deputy Minister of Education Datuk Mary Yap arriving at the Tan Sri Ramon Navaratnam presents a memento to Datuk Mary Seri Idris Jusoh. Summit with COO Ms. Ng Yeen Seen, Director Tan Sri Ramon Yap. Navaratnam and Senior VP Mr. Max Say.

The 19th Malaysia Education Summit with the theme “Fix and Transform- The second session was moderated by Dr. Mei Ling Young, Provost of Overcoming Challenges, Exploring Opportunities” was held at Sunway International Medical University and President of Malaysian Association of Resort Hotel & Spa, Selangor on 26th and 27th May 2015. Private Colleges & Universities, which discussed whether or not private and foreign education institutions are better than public education institutions. The Tan Sri Dr .Jeffrey Cheah, Chairman of the Asian Strategy & Leadership session revealed that private institutions came about due to the government’s Institute (ASLI) and Chairman and Founder of Sunway Group in his welcome inability to shoulder the cost of education, matching a worldwide trend where speech advised maximising opportunities in digital and technological 60% of top universities are private. Though private and foreign institutions innovation in the education field to reach a wider market, of which eLearning are not necessarily better than public ones, they are quicker to adapt as they methods can enable teaching beyond the classrooms and consequently have more autonomy and room to be creative than public schools. improve students’ learning. The third session focused on Malaysia as the Education Hub for Asia Pacific/ Dato’ Seri Idris Bin Jusoh, Minister of Education II, in his keynote address South East Asia region, which was moderated by Professor William Oliver entitled “Transforming Universities: The Road Ahead with the New Higher Kirwan, Head of Department of Medical Education & Surgical Education Education Blueprint” which plans to make English and the promotion of higher Advisor, Penang Medical College. Members of the panel included Dr. order thinking skills a priority. The Minister indicated that the Blueprint has a Elizabeth Lee, Senior Executive Director, Sunway Education Group; Emeritus focus on Technical Vocational Education and Training (TVET), which has Professor Dr. Muhamad Awang, Vice-Chancellor, SEGi University; and Datuk prospects for significant growth. He believes that in 30 to 40 years Malaysian Eric Chong, Founder of Erican Group of Companies. It was agreed that four universities could be among the best in the world and announced that MIT principles were needed in order for Malaysia to become a top education hub, Sloan Management School will be established in Malaysia this year. (1) increase the overall quality of academic programmes, (2) develop niche areas, (3) develop a branding strategy , and ( 4) diversify the pool of students The summit’s first session featured the Vice-Chancellors Roundtable which and academics staff by looking abroad. However, it was also revealed that focused on rethinking future leadership and repositioning universities. It inefficiencies with the education system caused by bureaucracy is killing the was moderated by Professor Dato’ Dr.Hassan Said, Vice-Chancellor and education “environment”. President, Taylor’s University. Panellist comprised Professor Helen Bartlett, President & Pro Vice-Chancellor, Monash University Malaysia Campus, The fourth session was moderated by Ms Ng Yeen Seen, COO of ASLI Professor Christine Ennew, Provost & CEO, University of Nottingham and Senior Director of CPPS, which discussed the rise of the Generation Malaysia Campus and Pro Vice-Chancellor, University of Nottingham, Y’s into the workforce, highlighting a World Bank report which found that Professor Dr. Sulochana Nair, Vice-Chancellor and CEO, Binary University many employers are finding it difficult to manage and retain their Generation of Management and Entrepreneurship, and Dato’ Dr. Raman Narayanasamy, Y’s and Millennial employees. Panellist include Professor Datuk Dr. Noor Vice-Chancellor, Quest International University Perak. They agreed that the Azlan, Vice-Chancellor of Universiti Kebangsaan Malaysia; Ms Pauline Lum, National Higher Education Blueprint sets the tone to realising aspirations Executive Director of Mergers & Acquisitions Tax/International Tax Services, for Malaysian education: to produce competitive talent but pointed out that Price waterhouse Coopers Malaysia; Mr Stewart Forbes, Executive Director the Blueprint neglects the private sector universities, particularly the lack of of Malaysian International Chamber of Commerce & Industry. Roles players funding lacks a monitoring framework.

Minister Dato’ Seri Idris Jusoh presents a sponsor memento to Mr. Zaheer Merchant, Director of Minister Dato’ Seri Idris Jusoh presents a sponsor memento to Datuk Dr. Parmjit Singh, whilst Education of Qi Group, whilst Chairman Tan Sri Dr. Jeffrey Cheah, CEO Tan Sri Michael Yeoh and Chairman Tan Sri Dr. Jeffrey Cheah, CEO Tan Sri Michael Yeoh and Director Tan Sri Ramon Director Tan Sri Ramon Navaratnam look on. Navaratnam, Mr. Zaheer Merchant and Professor Christine Ennew, Provost & CEO of University of Nottingham Malaysia Campus look on.

 19TH MALAYSIA EDUCATION SUMMIT

Chairman Tan Sri Dr. Jeffrey Cheah, Tan Sri Ramon Navaratnam and COO Ms. Ng Yeen Seen Director-General of Education Dato’ Sri Dr. Khair bin Mohamad Yusof arriving at the Summit with Tan welcoming Minister Dato’ Seri Idris Jusoh. Sri Ramon Navaratnam and Ms. Elaine Kok.

Distinguished Panel on Vice-Chancellors Roundtable: “Rethinking the Future Leadership, Repositioning Mr. Pun Tian Pouw, Principal of Korn Ferrry Kuala Lumpur, Professor Dr. Jamal Othman of Faculty of Universities”: Professor Helen Bartlett,President & Pro Vice-Chancellor, Monash University Malaysia Campus, Economics and Management UKM, COO Ms. Ng Yeen Seen, Ms. Pauline Lum, Executive Director of Professor Christine Ennew, Provost & CEO, University of Nottingham Malaysia Campus, Professor Dato’ Dr. PwC Malaysia and Mr. Stewart Forbes, Executive Director of MICCI at the session on “Generation Y Hassan Said, Vice-Chancellor and President, Taylor’s University and Professor Dr. Sulochana Nair, Vice- and after Who’s Interviewing who?” Chancellor and CEO, Binary University of Management and Entrepreneurship. agreed that the Gen Ys require an innovative environment in the classroom Habibullah Khan, Professor and Academic Registrar, GlobalNext University and that they move more quickly through careers than traditional employees Malaysia; and Professor Emeritus Tan Sri Anuwar Ali, President and Vice- and require a fun, flexible, creativity, and effort-recognising work environment, Chancellor of Open University Malaysia. The Panellists pointed out that where they feel a sense of worth and empowerment. labour market trends indicate a tremendous surge in demand for high-skilled jobs due to changing work demands and arrangement, where education itself The second day of the summit began with a session on “Rethinking School is rapidly changing, causing a shorter “shelf-life” for knowledge, giving further Models”, which was moderated by Tan Sri Ramon Navaratnam, Chairman, need to constantly upgrade ourselves in a rapidly changing environment. Centre for Public Policy Studies (CPPS) and Pro Chancellor of Sunway University. Five panellist comprising Dato’ Sri Dr. Khair Bin Mohamad The final session was moderated by Dr Elizabeth Lee, entitled “Quality of Yusof, Director-General of Education, Ministry of Education Malaysia; Mr English: How far behind are we?”. Panellists comprised Mr Zaheer Merchant, Stuart Walker, Principal of Garden International School, Malaysia; YAM Member of Quest International University Council and Director of Education, Tengku Nurul Azian Tengku Shahrimam, Director of Education and SRI Qi Group; Mr Christopher Bell, Executive Chairman of Brighton Education Human Capital Development, Performance Management and Delivery Unit Group; Mr Steven McGill, Head of Partner Markets Asia, Pearson Malaysia (PEMANDU); Dato’ Lim Si Boon, Group Executive Director, Tenby Educare Sdn Bhd; and Mr Matt Sheldon, Programme Director of Teach for Malaysia. Sdn Bhd; and Kdr. Hashim Bin Adnan,President of the National Union of the Role players reminded participants that English is the lingua franca of the Teaching Profession. The session revealed disturbing prevailing trends of business world and formed a majority of literature sources. They revealed various ethnicities still being divided throughout the primary and secondary that English competency is still major factor for getting hired and argued school system. Education is not a one-size fits all system as there are various that learning an additional language does not take away from ones skills in models to allow more choice for parents and students to thrive in different another language and the English-language should not be seen as a threat environments. to national nor ethnic identity.

The day’s second session was entitled “Upgrading Technical & Vocational Datuk Mary Yap Kain Ching the Deputy Minister of Education I, Malaysia, Education & Training: Academic & Industrial Partnership” which was in her closing speech stressed for change in teaching methods explaining moderated by Tan Sri Michael Yeoh who remarked that not enough has been that education is not a stagnant process and must catch up with the times done in the field of technical and vocational education. Role players agreed to engage the Digital Generation. She emphasised the Ministry’s plans to that education institutions and industrial support is crucial to developing an improving Malaysia’s image as a regional or global education hub by bringing attractive career path in order to attract students to the vocational field. They in 250,000 international students to Malaysia by 2025. The Deputy Minister also agreed that opportunities in this field have been down played by cultural pointed out that these plans cannot be realised without proper engagement perceptions, impressions and stereotypes. with the grassroots and all stakeholders, which is why forums like the Education Summit is important as it provides a platform for continuous The next session was moderated by Mr Tay Kay Luan on the theme, “Ancora engagement and feedback between various stakeholders. Imparo”, or “I’m still learning” which discussed the theme of continuous learning. Panellist include Professor Dr Madhulika Kaushik, Deputy Vice Chancellor-Academic (ODL), Wawasan Open University; Professor Dr.

Professor William Oliver Kirwan from Penang Medical College makes COO Ms. Ng Yeen Seen presents a memento to Executive Director Vice-Chancellor of Sunway University Professor Graeme the conclusion of his moderated session on “Malaysia the Asia Pacific/ of MICCI Mr. Steward Forbes. Wilkinson delivering his remarks whilst Ms. Susan Ooi, CEO of South East Asia Regional Education Hub” with Dr. Elizabeth Lee, Senior KDU College and Dr. Mei Ling Young, Provost of International Executive Director of Sunway University & Sunway Education Group Medical University and President of MAPCU look on. and Emeritus Professor Dr. Muhamad Awang, Vice-Chancellor of SEGi University.

 17TH MALAYSIA STRATEGIC OUTLOOK CONFERENCE 2015

Minister Tan Sri Joseph Kurup presenting a memento to Mr Jan Senkyr of Konrad Adenauer Stiftung Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI presenting a memento to YAB Mohamed Azmin Ali, for sponsoring the conference. Menteri Besar Selangor. Looking on is Tan Sri Michael Yeoh, CEO, ASLI.

The Minister with the sponsors of the conference. From left to right: YB Elizabeth Wong, Selangor State EXCO; Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI; YAB Mohamed Azmin Ali, Menteri Besar Selangor; Tan Sri Razman Hashim, Director, ASLI.

The 17th Malaysia Strategic Outlook began with a welcome address absorb price shocks. Mr Shan Saeed shared that the outlook in the from Tan Sri Michael Yeoh, CEO of ASLI, who points out that peace European economy is not looking good while pointing out that there is and prosperity was the key to Malaysia’s future. He emphasised the 4 greater confidence in Asia and believes that the Malaysian economy C’s (Cost of Living; Commodity Price Pall; Currency Exchange Rate; is healthy, rubbishing analysis who say otherwise. It is agreed that the Consumption) and applauded budget reductions, but emphasised Malaysian economy is not yet in a crisis, but there is consensus that more needs to be done to reduce wastage. Tan Sri Yeoh also took crisis is perpetuated by confidence and perception. the opportunity to announce ASLI’s and CPPS’s extraordinarily performance in the Global Go To Think Tank Ratings. Tan Sri The second session was moderated by Ms. Ng Yeen Seen, the Datuk Seri Panglima Josoph Kurup, Minister in the Prime Minister’s COO of ASLI which focused on the Malaysian political outlook and Department, delivered the keynote address and expressed concerned challenges. Parliamentarian Dr Ong Kian Ming talked about the with deteriorating inter-ethnic and religious conditions in the country. He importance of strategy and winning the rural votes in Sarawak in its emphasised that we must strengthen social cohesion and national unity upcoming state elections, while touching on the dicey relationship in the midst of the challenges faced. Tan Sri Kurup also condemned between PAS and DAP. Dato’ Saifuddin Abdullah talked on the right-wings groups that advocate racial and religious superiority, issue of gerrymandering and an independent Elections Commission, biasness, and discriminatory in nature, declaring such extremists as the UNDP’s Human Development Report on intra-ethnic inequality, the nation’s number one enemy. He urges delegates to embark on the corporation on both sides of politics in response to the Kelantan flood project of building the nation together. crisis, Hudud concerns, the importance of “colour blind” politics, the need for local council elections, defended Barisan National’ s ability The first Session was moderated by Tan Sri Ramon Navaratnam, to influence national policy, and touched on the need to strengthen which key themes focused on current economic trends and outlook national integrity to uphold the Constitution. YB Nik Nazmi Nik Ahmad for the Malaysian economy. The first panel speaker, Dato’ Dr Mohd comments on the lack of trust from citizen towards the government Nazri Khan Adam provided an overview of global events, describing due to policies which do not benefit them, as well as the lack of trust 2015 as a challenging economic year because of there are so many between politicians and the importance of addressing the needs of the uncertainties on the external front, but domestic fundamentals remain Malay constituents. He is confident that Pakatan Rakyat will survive strong despite some deterioration, but not to a point of crisis. Mr. and envisions that PAS will reflect a significant component of society. Pong Teng Siew talked about the benefits of small capitals, explaining YB Senator Chong Sin Woon emphasised that MCA is against Hudud that they tend to offer long-term out performance in investments. Dr. and does not subscribe to the notion that it is only for Muslims. He Lim Kim Hwa talked about the global outlook of oil prices, noting also questioned the effectiveness of power sharing by weaker parties that Petronas’ profitability will experience a significant drop, and in an UMNO dominated Barisan National, suggested party reforms recommends that low income groups be given rebate incentives to within MCA to open up to non-Chinese members, believes Pakatan

Tan Sri Razman Hashim, Director of ASLI and Tan Sri Michael Yeoh, CEO of ASLI accompanying YAB YAB Mohamed Azmin Ali, Menteri Besar Selangor with Tan Sri Razman Hashim, Director of ASLI; YB Mohamed Azmin Ali, Menteri Besar Selangor to the conference. Elizabeth Wong, Selangor State EXCO, Tan Sri Michael Yeoh, CEO, ASLI and Team ASLI.

10 17TH MALAYSIA STRATEGIC OUTLOOK CONFERENCE 2015

Tan Sri Joseph Kurup, Minister in the Prime Minister’s Department elaborating a point. Looking on are Tan Sri Michael Yeoh, CEO, ASLI (standing) with Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI; YAB Tan Sri Michael Yeoh and Tan Sri Ramon Navaratnam. Mohamed Azmin Ali, Menteri Besar Selangor and Tan Sri Razman Hashim, Director, ASLI.

From left to right: Dato’ Saifuddin Abdullah, CEO, Global Movement of Moderates; Senator Chong From left to right: Datuk Mohd Rauf Nasir, Country President, Motorola Solutions Malaysia Sdn Sin Woon, Chairman, MCA Youth; Mr. Ivanpal Grewal, Political Secretary to Minister in the Prime Bhd; Datuk Seri Iqbal Rawther, Vice President, ASEAN Business Forum & Chairman, Malaysian Minister’s Department/Vice Chairman, Selangor Gerakan Youth; Ms. Ng Yeen Seen, COO, ASLI; Nik Institute of Management; Tan Sri Eddy Chen, Patron, REHDA/Managing Director, MKH Group; Dr. Nazmi Nik Ahmad, Selangor State EXCO; Dr. Ong Kian Ming, DAP MP for Serdang. Daniele Gambero, CEO & Co-founder, REI Group.

Rakyat will take a different form subject to Anwar Ibrahim’s verdict, prices we see today have already factored in GST prices. Dr. Daniel the possibility of an UMNO and PAS merger, and believes Barisan Gambero gave a comparison of the local and overseas market, and National will still be in power in the next general elections with Chinese what investors were looking for which are political stability, the country’s support slowly returning to BN. Mr. Ivanpal Singh Grewal notes that economic growth, and property related legalities. He explained that the the ability to win seats is closely link to how voters perceive Barisan East is gaining much attention for its economic growth due to lesser Nasional centring on the themes of income equality and inclusiveness, risk, whereas there are more parameters and economic conditions in and such challenges provide a great opportunity to reconsider power- Europe which are not under control. Dr. Gambero explains that the sharing. He also notes that to survive the political tide, parties need to high demand for residential property is because Malaysia does not yet be more inclusive and moderate. have proper investment grade properties like the UK, US and Australia, leading him to recommend local or regional investment for greater The luncheon session address was given by the Selangor Menteri return, compared to overseas. The last speaker for the third session Besar, YAB Mohamed Azmin Ali who talked about Selangor’s role as was Datuk Mohd Rauf Nasir, who outlined the current key trends in biggest contributor to the Malaysian economy. He announced plans to electronics, the importance of software, and highlighted Malaysia’s key improve infrastructure, means of tackling land issues, provided updates strength which comes from both the Federal and State governments for on the State’s water plans, and outlined the Selangor government’s providing a base of operations in Malaysia which has been important to stand to pursue communal and religious harmony using the values of Motorola’s R&D and production. justice and moderation. Datuk Seri Mohomed Iqbal Rawther continued moderating in the fourth The third session focused on key economic sectors driving the economy, session which focused on the theme of corporate transformation. The which was moderated by Datuk Seri Mohamed lqbal Rawther, Vice first speaker, Mr. Edward Clayton in his presentation entitled Using President of the ASEAN Business Forum & Chairman of the Malaysian Hard Times to Prepare for Growth, suggested the concept of “slack” Institute of Management (MIM) who began by stating that land prices as an invaluable attribute for organisations in difficult times as it gives will never come down but notes that continued jitters could lead to a them space to maneuver. The next speaker, Mr. Dixon Chew, spoke of change in the Malaysian property market. Tan Sri Eddy Chen who is the successes of Pensonic as a local electronics brand and shared its the first panel speaker, explains that the increasing price of land is due rebranding strategy to “no longer produce electronics”, but to sell great to scarcity, construction cost, compliance cost, and capital contribution customer experience. Mr. Daniel Loh presented on BASF corporate charges. He also notes that the insufficient supply of housing has caused strategy, using the Verbund concept to achieve an integrated and house prices to increase. Tan Sri Chen also urges that we recognise the efficient business solution.The Conference was sponsored by Konrad contribution of foreign workers in Malaysia for their role in developing Adeneur Foundation, MKH Group, BASF and Rolls Royce and the nation. He also addresses GST fears, highlighting that many house supported by FMM and MICCI.

From left to right: Mr. Edward Clayton, Managing Partner Malaysia of Strategy (formerly Booz & Co); YAB Mohamed Azmin Ali, Menteri Besar Selangor speaking with Tan Sri Dr. Jeffrey Cheah, Chairman, Datuk Seri Iqbal Rawther, Vice President, ASEAN Business Forum & Chairman, Malaysian Institute of ASLI. Looking on are Tan Sri Eddy Chen, Patron, REHDA/Managing Director, MKH Group; Tan Sri Management; Mr. Dixon Chew, Group CEO, Pensonic Holdings; Mr. Daniel Loh, Managing Director, Ramon Navaratnam, Chairman CPPS-ASLI and Dato’ Chew Chee Kin, President, Sunway Group. BASF (Malaysia) Sdn Bhd.

11 ASEAN LEADERSHIP FORUM HIGHLIGHTS

ASEAN Leaders in VIP Holding Forum (left to right): H.E. Thongsing Thammavong, Prime Minister of Laos; H.E. Samdech Hun Sen, Prime Minister of Cambodia; Dato Sri Mohd Najib Tun Razak, Prime Minister of Malaysia; HRH Sultan of Perak Sultan Nazrin Muizzuddin Shah; H.E. U Thein Sein, President of Myanmar; H.E. C.Y. Leung, Chief Executive, Hong Kong Special Administrative Region; H.E. Gregory Domingo, Secrectary of the Department of Trade & Industry, Philippines.

Prime Minister Dato Sri Mohd Najib Tun Razak greeting HRH Sultan Nazrin Muizzuddin Shah. Looking From left to right: Amb Pradap Pibulsonggram,Thailand’s Representative to the ASEAN High Level Task Force on is Tan Sri Michael Yeoh, CEO, ASLI. on Connectivity and ASEAN Connectivity Coordinating Committee; Mr Andrew Geczy, CEO, International & International Banking, ANZ Banking Group; Tan Sri Ramon Navaratnam, Chairman, CPPS-ASLI/Group Advisor, Sunway Group; Mr. Alexander Wan, Senior Advisor, China Daily Asia Pacific; Mr. Vivek Pathak, Regional Director, Asia Pacific Department, International Finance Corporation.

H.E.U Thien Sein, President of Myanmar signing the Leader’s Plaque. Looking on are Ms. Ng Yeen From left to right: Prof Dr. Thitinan Pongsudhirak, Director, Institute of Security and International Studies, Seen, COO, ASLI and Mr. Max Say, Chief Partnership Officer. Chulalongkorn University, Thailand; Ms. Elaine Tan, Executive Director, The ASEAN Foundation, Indonesia; Ms Penny Low, Member of Parliament, Singapore; Tan Sri Mohamed Jawhar Hassan, Chairman, NSTP; Mr. Benjamin Quinones and Datuk Dr. Denison Jayasooria.

Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department having a conversation with The Forum Speakers dinner Prof Edward Chen, Ms. Ng Yeen Seen, Dato Saifuddin Abdullah, Tan Sri Tan Sri Ramon Navaratnam, Chairman and Tan Sri Dr. Jeffrey Cheah, Chairman, ASLI. Ramon Navaratnam and Thailand’s Ambassador Pradap.

Tan Sri Ramon Navaratnam, Chairman CPPS-ASLI presenting Tan Sri Rafidah Aziz, Chairman, AirAsia X Berhad & former Prof Dr. Thitinan Pongsudhirak, Director, Institute of Security and a memento to Tan Sri Dr. Rebecca Fatima Sta Maria, Secretary Minister of International Trade & Industry with Datuk Abdul Farid International Studies, Chulalongkorn University, Thailand; Ms. Penny Low, General, MITI. Looking on is Tan Sri Michael Yeoh, CEO, ASLI. Alias, Group President & CEO, Malayan Banking Berhad. Member of Parliament, Singapore/Founder and President, Social Innovation Park Ltd, Singapore; Ms. Elaine Tan, Executive Director, The ASEAN Foundation, Indonesia. 12 ASEAN LEADERSHIP FORUM HIGHLIGHTS

ASLI CEO Tan Sri Michael Yeoh and Senior Vice President Mr. Max Say with Prime Minister of H.E. C.Y. Leung, Chief Executive, Hong Kong Special Administrative Region accompanied by Tan Sri Cambodia Samdech Hun Sen. Michael Yeoh, CEO, ASLI to the Welcome Dinner.

Tan Sri Michael Yeoh with the President of Myanmar U Thein Sein and the Foreign Minister of The session Moderator Dato’ Seri Iqbal with other speakers at the Forum. Myanmar, U Wunna Maung Lwin.

Tan Sri Lee Oi Hian, Dato Seri Abdul Wahid, Mr. Amirul Feisal and Tan Sri Michael Yeoh. Dato’ Saifuddin Abdullah, CEO, Global Movement of Moderates and Prof. Simon Tay, Chairman, Singapore Institute of International Affairs / Former Chairman, Singapore National Environment Agency.

Dr. Robert Yap, Executive Chairman, YCH Group / Chairman, ASEAN BAC Singapore speaking at the Tan Sri Ramon Navaratnam greeting the Prime Minister of Cambodia Samdech Hun Sen whilst Mr. conference. Max Say looks on.

The ASLI team. Tan Sri Michael Yeoh, CEO ASLI and Senior VP , Mr. Max Say welcoming H.E. Thongsing Thammavong, Prime Minister of Laos.

13 HEALTHCARE FORUM 2015

Minister of Health, Datuk Seri Dr. S. Subramaniam delivering the opening keynote address where he (L-R) Ms. Jamie Yu, Ms. Rafeah Ariffin, Tan Sri Lee Kim Yew, YB Datuk Seri Dr. S Subramaniam, Tan took the opportunity to highlight his ministry’s efforts in reforming and enhancing the primary health Sri Dr. Michael Yeoh, Puan Sri Susan Cheah, Ms. Dianna Lee and Mr. Lim Char Boo. care system in Malaysia.

Dr. Rozita Halina Tun Hussein represented Datuk Dr. Noor Hisham Abdullah as panelist in the first YB Datuk Seri Dr. S. Subramaniam presenting a memento to Ms. Dianna Lee of GHHS Healthcare. session on “The 11th Malaysia Plan: What Lies Ahead in Growing Malaysian Healthcare?” Looking Looking on from the left are Tan Sri Lee Kim Yew, Tan Sri Dr. Michael Yeoh and Puan Sri Susan on from left to right are Dato’ Dr. Jacob Thomas, Prof. Abdul Aziz Bafa, Mr. Ahmad Shahizam Mohd Cheah. Shariff and Dato’ Chevy Beh. ASLI organised the Healthcare Forum 2015 themed “Malaysian Healthcare: Trends, the Cost, Quality and Delivery of Patient Care” which showcased the use of its devices Opportunities and Challenges” on 12th March 2015 at Palace of the Golden Horses to facilitate workflow processes. in Kuala Lumpur. Healthcare professionals, policymakers and industry leaders converged to discuss the direction of healthcare in the next five years taking into The third session entitled “Nurturing the World: Unlocking the Potential for Made in account emerging trends, opportunities and challenges. Approximately 160 people Malaysia Pharmaceutical and Nutraceutical” was moderated by YBhg Tan Sri Dato’ participated in this forum. Seri Dr Mohd Ismail Merican, Pro-Chancellor and Chairman of MAHSA University and Former Director-General of Health Malaysia. Mr Mohamad Abdullah, Managing Tan Sri Dato’ Dr Michael Yeoh, CEO and Director of ASLI warmly welcomed guests Director of Radiantaire and Former Managing Director of Pharmaniaga spoke about and delegates, and expressed hope for the forum to look into the key issues of the challenges faced by local phamaceutical players and called for greater support affordability, accessibility and quality in their discussions on the key challenges and from the government. Ms Michaela Dinboeck, President and Managing Director strategic issues faced by the healthcare industry in Malaysia. of Novartis Corporation Malaysia shared her perspective on the attractiveness of Malaysia as an investment destination for global pharmaceutical players. Datuk Seri Dr S. Subramaniam, Minister of Health of Malaysia delivered the Opening Keynote Address, which outlined his thoughts and the ministry’s aspirations for the Mr Klaus Boehncke, Executive Director of PwC moderated the fourth session on healthcare industry moving forward. He focused on the reformation and enhancement “Driving Breakthroughs in Primary Healthcare: The Potential of Innovation and of the primary care system and also the government’s investment in wellness, providing Techrology.” Mr William Ngoh, Senior Product Marketing Manager, EUC, ASEAN from examples of inter-ministry collaboration that has seen promising results. VMware shared about various innovations in healthcare IT. Thereafter, Dr Kong Why Hong, Head of Clinical from GHHS Healthcare spoke about the role of integrative The first session entitled “The 11th Malaysia Plan: What Lies Ahead in Growing medicine in primary care. Next, Dr H. Krishna Kumar, President of the Malaysian Malaysian Healthcare?” was moderated by Prof Abdul Aziz Baba, Vice President of Medical Association shared the user’s viewpoint with emphasis on older, less International Medical University. The first speaker was Dr Rozita Halina Tun Hussein competent users. Lastly, Mr Steve Monaghan, Head of Edge from AlA Hong Kong who represented Datuk Dr Noor Hisham Abdullah, the Director-General of Health delved into how technology is impacting life expectancy and consumer expectations Malaysia. She spoke about the government’s efforts in further improving our healthcare in the healthcare sector. system to focus on providing people-centric services. YBhg Dato’ Dr Jacob Thomas, President of the Association of Private Hospitals of Malaysia highlighted the issue In the fifth session on “lTapping the ‘Gold’ in Golden Years: Aged Care and Retirement of quality of care, bringing attention to the shortage of skilled human resources in Tourism”, Ms Sherene Azura Azli, Chief Executive Officer of Malaysia Healthcare Travel the sector. Mr Ahmad Shahizam, Executive Director of IHH Healthcare and Chief Council moderated the panel comprising Col Prof Dr Rozi Mahmud, Medical Adviser Executive Officer of Pantai Holdings called for resolution of the dichotomy between of GHHS Healthcare; Ms Carol Ying, Chief Executive Officer of Aged Care Group; Mr the public and private healthcare sectors. YBhg Dato’ Chevy Beh, Group Managing Tan Choe Lam, Founder and Managing Director of Jeta Gardens (Australia) and Jeta Director and Chief Executive Officer of Asian Healthcare Group rounded up the panel Care (Malaysia); and Dr Vicknesh Welluppillai, Medical Director of Pfizer Malaysia. with his views on cost containment through preventive care. Dr Rozi focused on preventive measures to ensure healthy aging, Ms Carol shared on the various aspects of aging and called for closer inter-ministry collaboration to Dato’ Dr Jacob Thomas, President of the Association of Private Hospitals of Malaysia develop the aged care sub-sector in Malaysia, Mr Tan shared about his experiences moderated the second session on “Seizing Opportunities and Overcoming Challenges in providing aged care and his concept of sustainable senior living while Dr Vicknesh in Private Healthcare: What’s New and What’s Next?” Dr Maxim Mamin, Senior Vice shared about promoting positive aging. President and Healthcare Country Lead from Siemens Malaysia shared the potential benefits of technological discoveries. Dr Chong Su-Lin, Chief Executive Officer of “The Future of Medical Tourism: Capitalising on New Markets and Opportunities” Prince Court Medical Centre spoke about focusing on cost, performance metrics was the final session. Mr Mohan Manthiry, Chief Executive Officer and Editor-in-Chief and health outcomes. The final panellist, Ms Christine Teh Chooi Hoon, Head of A&H of InfoMed Malaysia moderated. Ms Sherene Azura Azli, Chief Executive Officer of Business Development from Berjaya Sompo Insurance shared on the opportunities Malaysia Healthcare Travel Council highlighted the need to focus on marketing to and challenges faced by the healthcare insurance sector. improve Malaysia’s competitiveness vis-a-vis Thailand and Singapore. YBhg Dato’ Dr Au Yong Kien Hoe spoke along the same lines, calling for more proactive measures to Prior to the networking luncheon, Mr Lim Char Boo, Business Development Manager, grow Malaysia’s market share. EUC from VMware gave a special talk entitled “VMware for Healthcare IT: Transforming

Dato’ Dr. Jacob Thomas moderating discussion on “Seizing Opportunities and Overcoming Challenges (Left to Right) Ms. Carol Ying, Ms. Sherene Azura Azli, Prof. Dr. Rozi Mahmud, Mr. Tan Choe Lam and in Private Healthcare: Whats New and Whats Next?” Next to him is Dr. Chong Su Lin CEO Prince Court Dr. Vicknesh Welluppillai discussed the issue of aging population in session 5: Tapping the ‘Gold’ in Hospital. Golden Years: Aged Care and Retirement Tourism.

14 THE AFFORDABLE HOUSING SUMMIT 2015

Ms. Jean Wong, Senior Advisor, ASLI; Puan Sri Susan Cheah, Director, ASLI; Datuk Halimah bt. Mohd. Dr. Daniele Gambero, CEO & Co-Founder/REI Group; Datuk Seri Fateh Iskandar Tan Sri Dato’ Mohd. Saddique, Deputy Minister at Urban Wellbeing, Housing & Local Government; Mr. Max Say, Senior Mansor, Group MD/CEO, Glomac; Mr. Siva Shankar, President, Malaysian Institute of Estate Agents Vice President, ASLI; Ms. Ng Yeen Seen, COO, ASLI. (MIEA)/CEO Agency PPC International Sdn. Bhd.

Y.A.M Tunku Naquiyuddin ibni Tuanku Ja’afar; Datuk Halimah bt. Mohd.Saddique, Deputy Minister of Tuan Haji Azlan Mohd. Alifiah, PKNS; Datuk Halimah bt. Mohd. Saddique, Deputy Minister of Urban Urban Wellbeing, Housing & Local Government; Puan Sri Susan Cheah, Director, ASLI. Wellbeing, Housing & Local Government; Dr. Daniele Gambero CEO & Co-Founder, REI Group.

Scott Dunn, Vice President AECOM; Dato’ Wan Hashimi Albakri, SVP Property Investments and Asset (L-R) Ms. Ng Yeen Seen, COO, ASLI; Ms. Jean Wong, Advisor, ASLI; Tunku Naquiyuddin ibni Tuanku Management Sime Darby Property Bhd, Dato’ Sri Dr. Vincent Tiew, Managing Director, Andaman Ja’afar. Property Management Sdn bhd, Mr. Gunaprasath Bupalan, Executive Director, Terra Value Sdn Bhd and Organising Chairman, The Malaysian Property Press Awards.

Asian Strategy & Leadership Institute together with REI Group of Sdn Bhd; and Mr Gunaprasath Bupalan, Executive Director, Terra Companies organised the National Affordable Housing Summit 2015 Value Sdn Bhd and Organizing Chairman, The Malaysian Property with the theme ‘Spearheading the Affordable Housing Supply in Press Awards. Malaysia for a Further Inclusive Nation’. The event was a huge success despite the first time it was produced, attended by 120 delegates and Session 3 was about managing and eliminating the housing shortage we were fortunate to gain support from SP Setia, Mah Sing Group, through the development of vertical affordable housing and it was PKNS & Mutiara Rini as corporate partners. moderated by Datuk Seri Fateh Iskandar Tan Sri Dato’ Mohamed Mansor, Group Managing Director/CEO, Glomac Berhad & President, The event was opened by Datuk Halimah binti Mohamed Real Estate and Housing Developers Association Malaysia (REHDA) Sadique, Deputy Minister of Urban Wellbeing, Housing and Local and panel members were Dr. Daniele Gambero, CEO & Co-Founder, Government. REI Group of Companies and Mr Siva Shankar, President, Malaysian Institute of Estate Agents (MIEA) & Chief Executive Officer, Agency The first session was titled “The need of partnership between Public PPC International Sdn Bhd. and Private sector to enhance the project delivery system “ and it was moderated by Ar. Aminuddin A. Manaf, Chief Operating Officer, Session 4 was towards the crux of development and was aptly titled: Perbadanan PR1MA Malaysia and he was joined by fellow panellists Engaging locally sourced material for sustainable affordable housing Prof. Dato’ Dr. (Sr) Kamarul Rashdan bin Salleh, President Syarikat construction and the moderator was Ir. Ahmad Izdihar Supaat Perumahan Negara Berhad; Tuan Haji Azlan Md. Alifiah, General Honorary Secretary, Malaysia Green Building Confederation and Manager, Selangor State Development Corporation (PKNS); Datuk the panel members were YM Raja Dato’ Abd Aziz bin Raja Muda Chia Lui Meng, Group Chief Executive Officer, United Malayan Land Musa, Vice President, Federation of Malaysian Manufacturers; Bhd (UM Land); and Mr Ben Kong Chung Vui, Vice President, Sabah Mr James Chua, Executive Director, GreenRE Sdn Bhd and Mr Housing and Real Estate Developers Association (SHAREDA). McKinley Soon, Chief Executive Officer, PU Profile Sdn Bhd and Mr B. Veeralakshmanan, Head of Inclusive Business, Bayer Session 2 focused on Mixed Used Development - The right mix brings MaterialScience. in the right buyers and this session explored the current projects and the relevancy towards the market in urban and newly development The final session was an open panel discussion on Green, Sustainable township. It was moderated by Dato’ Wan Hashimi Albakri bin Wan and Energy Efficient Malaysia in the Affordable Housing Market where Ahmad Amin Jaffri, Senior Vice President, Property Investment & Ar. Von Kok Leong, Chairman, Green Building lndex Sdn Bhd; Dr. Asset Management, Sime Darby Property Berhad; and the panel Daniele Gambero, CEO & Co-Founder, REI Group of Companies; members were Mr Scott Dunn, Vice President, AECOM; Dato’ Sri Dr and Mr James Chua, Executive Director, GreenRE Sdn Bhd were Vincent Tiew, Managing Director, Andaman Property Management examining why we have slower green conscious attitude and how this can be redefined for the future.

15 GREATER KL & MALAYSIA SMART CITY CONFERENCE

Welcome Minister for Greater KL & Malaysia Smart City Conference. Left: Tan Sri Dr. Michael Yeoh, (L-R) Tan Sri Dr. Michael Yeoh, CEO/Director of ASLI; Datuk Abdul Rahman Dahlan, Minister of Urban CEO/Director of ASLI; Datuk Abdul Rahman Dahlan, Minister of Urban Wellbeing, Housing & Local Wellbeing, Housing & Local Government; Puan Sri Susan Cheah, Director, ASLI. Government. Right: Tan Sri Eddy Chen, Group MD, MKH Group.

(L-R) Tan Sri Dato Seri (Dr.) Aseh Che Mat, President of Putrajaya (L-R) Datuk Abdul Rahman Dahlan, Minister of Urban Wellbeing, (L-R) Tan Sri Dato Seri (Dr) Aseh Che Mat, President Putrajaya Corporation; Mayor Dato’ James Chan, Mayor of Kuching South Housing & Local Government; Tan Sri Eddy Chen, Group MD, MKH Corporation; Tan Sri Robert Phang, Chairman, Social Care City. Group; HE Herman Prayitno Ambassador of Indonesia. Foundation; Mayor Dato’ James Chan, Mayor of Kuching South City.

The Greater KL & Malaysia Smart City Conference with the theme We were honoured to receive YB Datuk Abdul Rahman Dahlan “Creating Intelligent Citizens through Sustainable City Management”, Minister of Urban Wellbeing, Housing and Local Government to took place on 12 February 2015 at Connexion@ Nexus Bangsar South deliver luncheon keynote and officiate the conference. city was attended by 122 delegates from different states in Malaysia and sponsored by MKH group. Session three was titled Smart Technology for Smart City and was moderated by Dr. Daniele Gambero Chief Excutive Officer, REI The first session on Smart City Catalyst was divided into 4 different Group of Companies and invited members of the panel were Mr segments. We were pleased to have Tan Sri Dato’ Seri (Dr) Aseh Albert Chai Managing Director, Cisco Systems Malaysia, Ms Jasmine bin Haji Che Mat President, Putrajaya Corporation and Dato’ James Begum Director, Legal and Corporate Affairs, Microsoft Malaysia, Mr Chan Khay Syn Mayor of Kuching South for the first half followed Massimo Migliuolo Chief Executive Officer, Intelsec Sdn Bhd, Telekom by Mr Fermin Fautsch Vice-President, Global Enterprise, Telekom Malaysia and Dr. Suhazimah Dzazali Deputy Director-General (ICT), Malaysia Group/Chairman and Board Director, EU-Malaysia Malaysian Administrative Modernisation and Management Planning Chamber of Commerce and Industry and Mr David Mizan Hashim Unit (MAMPU). The session focused on various models that has Group President, Veritas Design Group for 2nd half of the session. been in the market and we were lucky to gain perspective from the Each presenter focused on the smart city concept that comprises city developers of the technology as well as the buyers themselves. development, design, architecture, engineering, facade, technology & autonomy of city management. Session 4 focused on Smart Mobility for Smart City, focusing on the mobility of transportation that’s should focus on both rural & urban Session two was titled The Self-Sufficient & Sustainable City. area. This session was moderated by Dr. Daniele Gambero Chief The Pathway of Smart City Concept where the focus was towards Executive Officer, REI Group of Companies and the panel members modernisation versus traditionalism with delicate balance of both. were Mr Suhaimi Yaacob President -Rail, Scomi Engineering Bhd and The moderator was Mr Shajahan Iqbal CEO, Three-Opp (M) Sdn Bhd Mr Alexander Woo Vice President, IQI Group. /Board of Director & Treasurer, FTTH Council Asia Pacific and he was joined by panellist Mr Hasannudin Saidin Director, loT Focus Area, Session 5 was titled Smart Development: Vertical Green Buildings Multimedia Development Corporation (MDec), Mr Nik Ahmad Faizul with Space Management, looking at the growing concern of overtly Abd Mallek Vice President, Program Director for Smart Communities densed population and lack of space management. We were lucky to Special Projects/President & CEO Office, Malaysian Industry- gain Ar. Chan Seong Aun President, Malaysian Institute of Architects Government Group for High Technology and Mr Lee Vu Kit Chief and Dr Sucharita Srirangam Senior Lecturer & Researcher in Technology Officer, IBM Malaysia Sdn Bhd. Architecture & Urbanism School of Architecture, Building and Design Taylor’s Lakeside Campus, Mr James Chua Executive Director, GreenRE Sdn Bhd and Ar. Sarly Adre Sarkum President, Malaysia Green Building Confederation as panel members.

BFA ENERGY, RESOURCES AND SUSTAINABLE DEVELOPMENT CONFERENCE (Cont. from page 5) on equal footing with all countries involved to promote integration on a energy and resources -the Asian version of the Energy Charter. Third, big scale, and realising the aspirations of all parties. Asian regulators need to work together against excessive financial speculation on the energy/resources market. Fourth, the corporate The conference outlined five recommendations for addressing the sector, on both supply and supply sides, needs to try innovative means Asian Energy/Resources Cooperation (AERC). First, it is imperative to of cooperation. Fifth, supplying and consuming countries need better establish an Asian energy/resources market for direct trading between information-sharing to help stabilize the market. suppliers and consumers. Second, Asia needs to coordinate and establish harmonized guidelines for freer investment and trade flows in

16 MIBC SIGNING CEREMONY WITH CIREBON, INDONESIA

Suprapto, Bappeda of Cirebon; Dato’ Dr Abd Latiff Ahmad, Chairman of ANI; and Tun Ahmad Sarji Abdul Hamid, Chairman of Permodalan Nasional Berhad (PNB), Adviser of ANI and Chairman of the Malaysia- Indonesia Business Council (MIBC).

This MOU was the culmination of 4-months work and a direct result of Tun Ahmad Sarji’s visit to the Regency of Cirebon in early 2015. Cirebon is approximately 300 kilometres or 3 hours’ train ride away from the Indonesian capital city of Jakarta, with a land area of around 990 square kilometres and a population of close to 3 million people. Its main industries include tourism, agriculture, fishery and manufacturing.

The MOU outlined details of the joint-venture between Cirebon and ANI to attract foreign investment into Cirebon for the purposes of urban development as well as the development of a new sea port, highway and railway, bonded industrial lone, maritime industry, fishery industry and Chairman of the Malaysia-Indonesia Business Council Tun Ahmad Sarji at the signing ceremony. power plant. The role of the MIBC is to provide support and assistance

when needed. A “Memorandum-of-Understanding” (MOU) was signed between the Regency of Cirebon (Cirebon) in West Java, Indonesia and Amanah ASLI as the secretariat for MIBC assisted ANI in arranging this event, Nusantara International (ANI), a 100% Malaysian-owned strategic which was attended by approximately 55 people comprising high-Ievel investment vehicle based in Indonesia on 25th May 2015 at the JW Marriott representatives of potential investors as well as members of the media Hotel in Kuala Lumpur. It was signed by Mr Sunjaya Purwadisastra, Regent from Malaysia and Indonesia. of Cirebon; Mr Ishtiaq M. Khan, Chief Executive Officer of ANI; Mr H. Sono

ASEAN YOUNG LEADERS ROUNDABLE

British High Commissioner Vicki Treadell and Ms. Ng Yeen Seen, Senior Director CPPS and COO, Participants at the Youth Roundtable. ASLI. Ms. Ng Yeen Seen, Chief Operating Officer of ASLI and Senior Director Taking note on the desire of young people to participate constructively in of CPPS moderated the roundtable discussion conducted on the 26th the establishment of the regional process, this roundtable requests on the April 2015 and read out the findings and resolutions of the discussion to basis of the discussions and recommendations thereon, that the ASEAN delegates of the ASEAN Leadership Forum: state members and the ASEAN organ within their respective spheres of mandate and competence to: Summary Key Takeaway for ASEAN Young Leaders Roundtable 1. Strengthen youth engagement by enhancing the existing mechanism Ms. Ng remarked that the ASEAN young leaders gathered on the 26 of such as the Committee of ASEAN Youth Cooperation (CAYC). This April for the 12th ASLI ASEAN Leadership Forum with the support of the can further improved by increasing ASEAN oriented media and British High Commission in KL. It was a productive discussion under the entertainment targeted at youth. The use of mass-media to propagate theme “Let’s Get Real: ASEAN Youth for Mutual Regional Development among youth in respect of different cultures and faith across the region with an emphasis on the significant role of youth in establishing a collective should be encouraged. For example, the creation of TV programmes identity formation of an ASEAN identity. The young leader’s roundtable in the form of Student Exchange Reality Show, ASEAN Idol, and noted the importance of the “4 Cs as the fundamental building block of ASEAN Amazing Race. ASEAN, namely, community building, connectivity, competitiveness and communication. 2. The development of ASEAN identity requires the examination on the role of cultural production in creating new spaces. To promote The discussion emphasised that youth from ASEAN countries are the cultural profile of youth in ASEAN and to support an important disenfranchised from the inter-governmental arena, albeit in different public arena through arts and culture will require intensification and ways and to varying degrees. Undoubtedly, the challenges for youth that refinement of communication, constant cultural exchanges through are central to ASEAN are numerous and varied. They include education, ASEAN platform for arts such as the ASEAN Short Firm Festival, employment, health, gender and political participation issues. In most ASEAN Music Festival and the ASEAN Arts Festival. The roundtable ASEAN countries, there is a lack of youth ownership of ASEAN identity advocates that school curriculum should be used as agents for among youth. Youth are mostly seen as beneficiaries under the ASEAN beneficial social change and repositories of ASEAN awareness in all programmes. We need to involve youth from a bottom-up approach in an ASEAN member states. inclusive manner to participate meaningfully as stakeholders. 3. Genuine initiatives to narrow the development gaps among the The emerging consensus within the roundtable discussion opined that different member states require the establishment of an ASEAN youth improving youth engagement as key partners is essential to promoting entrepreneurial class. This will involve an increase access to funds, the goals of regional co-operation. The discussion consisted of five broad providing more opportunities to monetise ideas, increasing the ease themes intending to capture the complexity of establishing a regional of doing business and improving access to business. This can be common identity building; the need to respect and fulfill human rights done through diversifying funds like prototype funding, relaxing credit in the context of intra-ASEAN labour migration and stateless people; requirements for entrepreneurs and providing guidelines to private dilemmas of doing business in a more sustainable manner; addressing firms to fund young entrepreneurs whilst incentivising private sector climate change issues and resolving the dispute in the South East China involvement in funding entrepreneurs via tax benefits. Sea. 4. In the same vein, to inculcate the role of youth to promote the A tentative conclusion was that without a meaningful equal participation importance of making business and government more responsible and of youth in the regionalisation process, the creation of a common regional identity will remain as an elitist objective. (Cont. to page 20)

17 THE 19TH MALAYSIAN BANKING SUMMIT

Puan Sri Susan Cheah, Director, ASLI presenting a memento to Dato Sri Mustapa Mohamed, Minister Mr. Mahendra Gursahani, CEO, Standard Chartered Bank receiving a sponsor plaque from Datuk Chua of International Trade & Industry whilst ASLI CEO Tan Sri Michael Yeoh looks on. Tee Yong, Deputy Minister of Finance. Looking on are Tan Sri Michael Yeoh, CEO, ASLI, Tan Sri Ramon Navaratnam, Director, ASLI, Mr. Chu Hong Keong, Managing Director, Silverlake Infrastructure & Logistics.

The Deputy Finance Minister with the Summit Partners and Sponsors. Dato’ Sri Mustapa Mohamed, Minister of International Trade & Industry answering questions during the Special Address moderated by Tan Sri Michael Yeoh, CEO, ASLI.

The 2nd Minister of Finance Dato’ Seri Ahmad Husni bin Mohamad people in ASEAN. Mr Sengupta also said that the next 15 years will see $7 Hanadzlah represented by the Deputy Minister of Finance Datuk Chua Tee trillion in infrastructure spending in the region, so there are big opportunities Yong officiated the opening of the 19th Malaysia Banking Summit organised in housing and real estate. by ASLI. The Luncheon Address was delivered by Mr. Tay Kay Luan from the Asian The Minister noted that the banking sector will always be one of the primary Institute of Chartered Bankers. In his analysis, he argued that there are many pillars of our economy. It is in the country’s interest to ensure that our banking talent shortages at the middle management level. This is less pronounced at sector remain robust, he argued. We believe that each market player will the top and entry levels, he said. But across all sectors, this talent shortage find its role and niche in the ever-evolving market. Some may remain as the places extra pressure on those with the specific and technical skills, he primary provider of retail products, while others may specialize in small and argued. medium-sized industries. Whichever direction one may take, it is important to scale-up one’s specialised knowledge in their chosen sub-sector of The first afternoon session saw discussion on what to look out for in the specialisation, he said. investment banking industry, where Tengku Dato’ Zafrul Tengku Abdul Aziz, Group CEO of CIMB Group, gave an overview of his industry, noting that the The first session saw CEOs and CFOs from various banks operating equity capital markets are 28% below 2006 levels, and this reflects a similar in Malaysia talking about the challenges to their industry. Mr Mahendra story in the debt capital markets. Gursahani, CEO Standard Chartered explained that we now have a customer that is evolving with different expectations - they want more personalised The final session for day one covered e-Payments and Internet banking. and customised services and their loyalty is the reward for meeting these Mr. Tan Nyat Chuan, Director of the Payment Systems Policy Department expectations. at Bank Negara Malaysia, noted that over the past 2 years, we had seen a drastic change in the use of cheques. He said that for a period there was The second session focused on challenges in ASEAN to regional banking usually a drop of 2% per year in their use, but last year alone it was 10%. This integration. Mr Joydeep Sengupta, from McKinsey & Company argued that reflected the price signal and lower cost of Inter-bank Giro, as well as training there is talent shortage in the market. He said that this is often driven by courses that had been run by the banks. restrictive regulations and that we are now facing an under supply of 9 million

Mr. Prabhu Menon, Programme, Sales & Membership Director presenting a memento to Mrs. Nora Mr. Khushwant Singh, Senior Specialist Risk Strategy & Information, Maybank; Dato’ Akhbar Satar, Manaf, Group Chief Human Capital Officer, Maybank. Looking on are Mr. Anthony Raja Devadoss President Association of Certified Fraud Examiner & President, Transparency International; Mr. (Middle) Vice President-Asia Pacific, Kelly Outsourcing & Consulting Group and Mr. Pathik Gupta, Lawrence Ong, Head, Group Operational Risk, RHB Bank and Supt. Harjinder Kaur, Head of Banking Asia-Pacific Head of Wealth Management and Head of South East Asia, McLagan. Fraud Unit, Commercial Crime Investigation Department, Royal Malaysia Police.

18 THE 19TH MALAYSIAN BANKING SUMMIT

(L-R) Mr. Mahendra Gursahani, CEO, Standard Chartered Bank, Mr. Amirul Feisal Wan Zahir, Group Head of Tengku Zafrul Tengku Abdul Aziz, Group CEO, CIMB Group speaking in the session on International Global Banking, Maybank Group; Tan Sri Ramon Navaratnam, Corporate Advisor, Sunway Group/former Deputy Banking, with moderator Mr. Tay Kay Luan, CEO, Asian Institute of Chartered Bankers. Secretary General, Ministry of Finance; Mr. Christopher Loh, Group Chief Strategy & Transformation Officer, RHB Banking Group and Ms. Mandy Simpson, Chief Financial Officer, Ambank Group.

Mr. Goh Peng Ooi, Chairman, Silverlake Axis and Mr. Chu Hong Keong, Managing Director, Silverlake Tan Sri Dr. Munir Majid, Chairman, Bank Muamalat chairing session with speakers: left - Dr. John Lee, Infrastructure & Logistics. Group Chief Risk Officer, Maybank and Mr. Joydeep Sengupta, Director, McKinsey & Company.

The second day of the summit commenced with a presentation by Dato The seventh session was conducted by Mr. John Meinhold from A.T. Kearney Sri Mustapa Mohamed, Minister of International Trade & Industry, who Inc, who spoke on the future of banking in the digital world. He made a bold elaborated the aims of Malaysia’s ASEAN Chairmanship in 2015 and echoed prediction that traditional banks will disappear in the next 10 years, giving way declarations made by the Prime Minister in late April that “this is ASEAN’s to Fintechs, as the traditional brick and mortar model is costly, and is made time”, Dato’ Sri Mustapa also pointed out the need for financial inclusion, worse by a tech a savvy Gen Y wave. highlighting that mobile banking and mobile payments has the potential annual impact of $35-53 billion by 2030, but in certain ASEAN countries only 20-36% have bank accounts. He also pointed out that ASEAN can prosper, The eighth session discussed developing and nurturing human capital talents without the need to adopt an EU-style economic union, and that the “ASEAN in banks. Panellists reveal that the primary reason why employees leave a Way” will always be used, which works through consultation and consensus. company is due to the lack of professional development, particularly employer- provided training. They also emphasised a need for an engaging culture to The session focused on the future of Islamic banking, highlighting issues keep employees motivated and happy in the job, as well as recommending Islamic Banks face competing with conventional banks. Panellist agreed appropriate rewards for productive but underpaid workers. there was a need for an Islamic option for all banking services and that the success of Islamic Banking in certain countries is dependent on a country’s The final session covered the issue of banking fraud and risk management. banking objectives as regulatory frameworks are required to support Islamic Supt. Harjinder Kaur, Head of PDRM’s Banking Fraud Unit, shared that Banking. between 2008 and 2014, RM785.86 million was lost to banking fraud and The sixth session, touched on the role of technology in banking. Mr Goh Peng RM285.656 million loss in CBT cases. She noted that the real figure is Ooi, Chairman of Silverlake Axis Ltd, shared his views on Game Theory, actually larger, as banks seldom report fraud so as to protect their image. pointing out that banks use the Theory of Money, which is a traditional Members of the panel revealed that cases of fraud can occur both externally symmetry. Breaking from this, the world becomes an algebraic soup with and internally, calling for the need for more scrutiny of movement between the many possibilities, making predictions for long business cycles infeasible, Mr. front office and back office. They recommend thorough background checks Goh revealed. He also noted that the role of technology is extremely important when hiring new employees and strengthening internal controls. for survival and if software design is not based on symmetric structures there will be no gains.

From left to right: Raja Teh Maimunah, Managing Director/CEO Hong Leong Islamic Bank; Syed Abdul Dato’ Sri Mustapa Mohamed, Minister of International Trade & Industry arriving at the conference, Aziz Jailani, CEO, OCBC Al-Amin Bank; Mr. Daud Vicary Abdullah, President & CEO, International accompanied by Puan Sri Susan Cheah, Director, ASLI; Tan Sri Dr. Munir Majid, Chairman, Bank Education Centre for Islamic Finance; Mr. Badlisyah Abdul Ghani, CEO, CIMB Islamic Bank and Dato’ Muamalat Malaysia Berhad; and Tan Sri Michael Yeoh, CEO, ASLI. Mohd Redza, CEO, Bank Muamalat Malaysia Berhad.

19 ASLI AND CPPS RANKS HIGH IN GLOBAL THINK TANK RANKING

The ASLI Centre for Public Policy Studies (CPPS) earned its way ranking of best Trans-disciplinary Research Programme at a Think into the top sixth (6th) think tanks among the 60 top think tanks in Tank. CPPS was also ranked 35th globally in the best use of social the Southeast Asia and the Pacific region. This was announced in network; 36th in the world for Best Advocacy Campaign and 49th the “2014 Global Go to Think Tank Index Report”. This annual global globally in the education policy think tank. ASLI and CPPS were the study on think tanks surveyed 6,618 think tanks worldwide and was only Malaysian think tanks that were ranked in the most significant conducted by the renowned University of Pennsylvania CPPS was impact on public policy category where ASLI ranked 48th. CPPS was one of the two think tanks in Malaysia that top the list. Compared to the only Malaysian top 51 think tanks in the world with outstanding 2013, CPPS has moved up one rank as one of the top think tanks in policy-oriented public programme. the South East Asia and the Pacific region. ASLI was ranked as the top 33 in the world in the best think tank Globally, CPPS was ranked as the top 90 think tanks worldwide (US conference list; 29th Best New Idea or Paradigm Developed think and non-US). It has been rated as the only think tank in Malaysia that tanks; and was ranked as 37th think tanks with the best external has achieved a position in that particular ranking category. relations/public engagement programme. ‘ASLI’ success included being the 21st in world ranking for think tank to watch. This Global CPPS was ranked 27th in the world ranking of Transparency and ranking puts ASLI as the top Think Tank in Malaysia. Good Governance Think Tanks; and ranked 29th in the global

VISIT OF CPPCC VICE CHAIRMAN

The China Human Rights Society delegation in the roundtable meeting with ASLI-CPPS led by H.E. Mr. Luo Hao Cai Vice Chairman of the CPPCC and President China Society for Human Rights Studies Luo Hao Cai Vice Chairman of the 9th and 10th CPPCC and former Vice President Supreme Count of and Prof Chang Jian Council Member of CSHRS and Vice-Dean of Zhou Enlai School of Government China. with ASLI Tan Sri Michael Yeoh.

ASEAN YOUNG LEADERS ROUNDABLE (Cont. from page 17)

accountable in addressing the issue of sustainability. This will involve rights. Taking note of the principles and motivating goals set out in strengthening co-operation between civil society organisations, the ASEAN Human Rights Declaration and the ASEAN Declaration government and the private sectors to establish mechanisms that is on the Protection and Promotion of the Rights of the Migrant workers, built on trust and confidence according to international standards. the roundtable calls upon the member states to harmonise national legislation on social-protection for semi-skilled migrant workers 5. One possible proposal which would provide incentive and regulatory corresponding to the international human rights treaties and regional oversight is the ASEAN Sustainability Listing (ASL) that can be standards. endorsed by the ASEAN Secretariat. ASL can be used as criteria to assess companies based on environment, social and governance 8. The durable solutions for stateless people such as the Rohingyas standards. This will allow a company to establish their reputation community are crucially important for people’s ideas of a “people based on their commitment to sustainability. centred ASEAN”. The roundtable put forward the need for ASEAN member states to share the burden with the international community 6. In response to climate change, the roundtable urges the member and UNHCR to strengthen protection of the stateless community. This states to re-affirm their commitments to recognise the crucial role of can be done by ensuring the Rohingyas have adequate access to youth in addressing climate change. To mitigate the effects of climate basic services in their country of asylum. change, it is important to reach a regional agreement on effective action. This should be implemented across all ASEAN nations so that Ms. Ng mentioned that a full report of the Young Leaders Roundtable will there are no trade advantage/disadvantages for individual countries. be submitted to the ASEAN Coordination Council. This agreement should have the goal of implementing an emissions trading system with a capped level of emissions that reduces over time Concluding Remarks by Tan Sri Michael Yeoh, Chairman, ASEAN in line with states emission targets. Revenue from the sale of quotas Leadership Forum and Chief Executive Officer, Asian Strategy & should be sued to provide incentives and technological assistance Leadership Institute (ASLI) to smaller enterprises who are struggling to reduce their emissions. The realisation of an ASEAN inter-connected electricity grid to take Tan Sri Michael Yeoh thanked all the speakers, delegates, sponsor, and advantage of the regions diversity in renewable energy generation everyone who made possible the success of this year’s ASEAN Forum. capability should also be explored. He, then, expressed his hope that the take away from this year’s Forum will be forwarded to the ASEAN Secretariat and that there will be action 7. There is an increasing interest of young people in the fundamental taken to adopt these ideas. He, also, briefly mentioned one of them: the objectives of the Universal Declaration of Human Rights and the establishment of an ASEAN People Friendship Association, aiming to ASEAN Human Rights Declaration, in particular the furtherance of make people more involved and to create a people-centred ASEAN. peace, development justice and the promotion of respect for human

20 16TH ANNUAL HUMAN RESOURCES SUMMIT

YB Dato Sri Richard Riot Jaem, Minister of Human Resources Malaysia and Tan Sri Michael Yeoh, CEO Dato’ Sri Richard Riot Jaem, Minister of Human Resources Malaysia receiving a memento from Puan and Director of ASLI paused for a photo during discussion in the holding room. Sri Susan Cheah, Director of ASLI as Tan Sri Michael Yeoh, CEO and Director of ASLI look on.

The role-players for session are on “Key Trends in Malaysia’s HR Landscape POST-AEC 2015: Dr. Khairi Khalil, Head of Human Capital from the Land Public Transport Commission (SPAD) speaking Implications to Employees” (L-R) Ms Rosliza Abd Rahman; Professor Claire O’Malley; Mr Sam about “Engaging Your Multi-Generational Workforce: Building an Emotionally Committed Team”. Haggag; Dato’ J. Palaniappan; Mr Lim Kah Cheng and Mr Shazmi Ali. Beside him are (L) Mr Chin Tuck Piew of Gleneagles Hospital and (R) Datuk Seri Mohamed Iqbal Rawther (MIM). Asli is proud to announce the 16th Annual Human Resources Summit was moderated by Mr Reza Ghazali Office Managing Director, that took place on 9th June 2015 in Sunway Putra Hotel with the theme Korn Ferry Kuala Lumpur with panel members comprising Mr Lai ‘Maximising HR’s Potential for Competitive’ was a great success with Tak Ming Director of Group Human Resources & Administration, 150 delegates and endorsed by HRDF, MEF & MACD. Gamuda Group, Assoc Prof Dr Rohayu Abdul Ghani Director, Centre for Professional & Leadership Development, Universiti The Minister of Human Resources Malaysia Dato’ Sri Richard Riot Kebangsaan Malaysia, Mr V. S. Ravi Elangkoh, Founder and CEO, Jaem delivered the keynote speech and officiated the Summit. CEO Leadership Coach Strategist, White Leadership Architect, and Mind-Based NeuroScience Leadership Master Practitioner, Invictus Session 1 was on Key Trends in Malaysia’s HR Landscape Post Leader. AEC 2015: Implications to Employers and was moderated by Mr Sam Haggag Director MSP & Sales - Asia Pac & Middle East, and Session 4 was titled ‘Engaging Your Multi-Generational Workforce: Country Manager, Manpower Group - Malaysia & Indonesia. He Building an Emotionally Committed Team’ and was moderated by was joined by Prof Christine Ennew Provost & CEO, University of Datuk Seri Mohamed Iqbal Rawther Chairman, Malaysian Institute Nottingham Malaysia Campus; and Pro Vice Chancellor, University of Management. He was joined by Ms Gladys Goh Kaye Jen Group of Nottingham, Ms Rosliza Abd Rahman Head of Human Resources General Manager, Nippon Paint Malaysia Group, Mr Chin Tuck Division, ASEAN Secretariat, Mr Lim Kah Cheng Chief of Corporate Piew Head, Human Resources, Gleneagles Hospital Kuala Lumpur, Services, Human Resources Development Fund Malaysia, Dato’ Dr Khairir Khalil Head, Human Capital Department, Land Public J. Palaniappan Director of Corporate Human Resources & Legal, Transport Commission, Ms Shona Especkerman Senior Associate Panasonic Appliances Air-Conditioning Malaysia and Mr Shazmi Ali Organisation, Change and Leadership, PwC Strategy & Malaysia. HR Director, Pfizer Malaysia. The final Session was titled ‘Minding the Gender Gap: The Business Session 2 was titled Branding Your Organisation: Becoming the Case for Advancing Women in Your Organisation and was moderated Employer of Choice to Attract and Retain the Best People and it by Dr Elizabeth Lee Senior Executive Director, Sunway Education was moderated by Mr Prashant Chadha Managing Director, Aon Group & Sunway University and she was joined by Ms Anushia Hewitt Malaysia and member panellists was formed by Mr Robert Kandasamy Associate Principal, McKinsey & Company, Ms Sherina Lim Managing Director, HR Strategy, CIMB Investment Bank, Mr Pang Deputy General Manager, Group HR, Times Publishing Andy See Teong Leng Managing Director, Perspective Strategies Group, Ms Ng Yeen Seen Chief Operating Officer, Asian Strategy & and Ms Sherina Pang Deputy General Manager, Group HR, Times Leadership Institute & Mr Paul W Chan President, Malaysian Alliance Publishing Group. of Corporate Directors. The success of this summit brings promises of continuity of the 17th Annual Human Resources Summit for 2016 Session 3 was aptly titled “Making Every Head Count: Developing by ASLI. Your People to Bring Your Organisation to New Heights and it

(L) Ms Sherika Pang, Dr Elizabeth Lee and Ms Ng Yeen Seen sharing light-hearted discourse Mr Paul Chan, President of the Malaysian Alliance of Corporate Directors giving his views on in the session on “Minding the Gender Gap: The Business Case for Advancing Women in Your advancing women to the board level. Organisation”.

21 ASLI CHINESE NEW YEAR OPEN HOUSE

Ministers and other VIP guests tossing the Yee Sang. Ambassador of Ecuador, Tan Sri Ramon Navaratnam, Dato Seri Abdul Wahid Omar, Datin Seri Kay, and Mr. Max Say.

ASLI CEO Tan Sri Michael Yeoh hosting Ministers in the Prime Ms. Tan Siok Choo, YB Teresa Kok, YB Ong Kian Ming, Ambassador Tan Sri Lim Gait Tong, Tan Sri Dr. Chua Soi Lek, Dato K.L. Tan. Minister’s Department Datuk Mah Siew Keong and Dato Seri Abdul Horie. Wahid Omar.

Mr. Tan Koon Swan and Mr. Max Say with the Goh Brothers of Mr. Sivagnanam, Tan Sri Murphy Pakiam, Tan Sri Danny Ooi, Tan Puan Sri Susan Cheah and Tan Sri Michael Yeoh. Macro Kiosk. Sri Michael Yeoh and Mr. Max Say.

Datuk Chua Tee Yong greeting Tan Sri Joseph Kurup whilst Tan Sri Mr Ng Lip Yong, Ms Jean Wong, Tan Sri Kishu Tirathrai, Tan Sri The ASLI team at the Open House. Koh Tsu Koon and Tan Sri Danny Ooi look on. Rastam Isa.

Ms. Ng Yeen Seen with Tan Sri Ramon Navaratnam and Rev Ms. Jean Wong, Tunku Datuk Nazihah, Tan Sri Asiah Abu Samah The CPPS team. Herman Shastri Secretary General Council of Churches. and Tan Sri Michael Yeoh.

22 CORPORATE MALAYSIA ROUNDTABLE / STRATEGIC ISSUES FORUM

Tan Sri Michael Yeoh, Tan Sri Abdullah Ahmad, Tan Sri Ramon Navaratnam and Ms. Ng Yeen Seen. Mr. Gan Ping Sieu speaking at the Forum.

Dato Kulasegaran speaking at the Forum. Next to him is Canadian SIF/CMR Members and invited guests. Dato Vaseehar Hassan and Tan Sri Ramon Navaratnam. High Commissioner Judith St. George.

Dato Latifah Merican Cheong, Ambassador Joseph Yun and Tan Sri Robert Phang. Dato Aziz Bahaman, Datuk David Chua and Datin Halimah Mohd Said.

The Corporate Malaysia Roundtable (CMR) and the Strategic Issues Forum Tan Sri Abdullah believed that the ruling party would find it difficult to govern (SIF) held its meeting on Malaysia’s Political and Economic Outlook: Key without a good majority at the next General Election. In his view, there was Challenges, Issues and Trends on 7th April 2015 at the Bankers Club Kuala a slim possibility for the Opposition to win even though it meant sailing in Lumpur. unchartered waters for the first time in six decades. It could also indicate trouble over the horizon as a major clash could arise. The meeting was chaired by Tan Sri Ramon Navaratnam, Chairman, Strategic Issues Forum with panel speakers Tan Sri Michael Yeoh, Chief Executive He believed that UMNO should remain as the ruling party. PAKATAN was Officer, Asian Strategy & Leadership Institute (ASLI); Tan Sri Abdullah Ahmad, unlikely to unseat UMNO as it was a house in disarray and its track record a well known political commentator and analyst; and Ms. Ng Yeen Seen, Chief in Kelantan, Penang and Selangor was less than spectacular. However, he Operating Officer, ASLI / Senior Director, Centre for Public Policy Studies. acknowledged that BN had descended into unprecedented unpopularity and posed two questions on “Who or what could save BN from sliding into Tan Sri Ramon noted that the topic aptly reflected our main concerns as irrelevance” and on “The seriousness of Tun Dr Mahathir’s threat that Prime economics was interrelated to social, cultural, religious, political and racial Minister Najib would cause UMNO and BN to lose the next General Election”. issues. Such issues could create instability and fear which would impact confidence. And confidence was what matters most to businesses! Ms Ng began by posing two questions: “Would UMNO continue to be the major force” and “Would Sabah and Sarawak continue to be its safe deposits”. Another challenge was our preoccupation with the short term. A longer term She then requested everyone to examine these questions through a different view was needed. The nature of economics was structural - what we are perspective and provided statistics that the number of youths was growing doing today affect us tomorrow. He emphasised that we were at the tipping steadily with no signs of slow down hence the electorate grows younger every point that could lead to a crisis, and it depended on our will to manage the year. These underlined that the future focus must be on youths. economy either with good governance or “state capture”. In GE13, the 3 million new voters made up a quarter of total voters compared The slowing down of the world economy as well as the decline in oil and to GE12 where there were only 638,000 new voters. GE14 would very likely commodity prices affected us. The question we should ask was for how long see even more new voters as another 2.5 million youths would turn 21 by would the decline continue? The Ringgit’s decline impacted inflation, and 2017. With such huge numbers of Gen-Y voters, the power shift was very GST pushed prices up even further. Although the official figure was around real. Votes could swing either way. Today’s youths have different priorities: 3%, the man on the street would beg to differ. To address inflation, we must transparency, good governance and corruption. look at the endemic issues of corruption, cronyism and protectionism. Another question would be could we sustain the services industry? The prerequisite She pointed out that the government’s trust deficit kept widening. The for that would be education. Edelman Trust Barometer 2015 showed that trust in the government had fallen below 50%, lagging far behind Indonesia and Singapore with 70% Tan Sri Michael Yeoh gave a brief overview that he would only highlight key respectively. Youths felt cheated by Prime Minister Najib’s promise to repeal issues that we needed to think about and suggest a watch list. the Sedition Act. Then the 1MDB fiasco brought up fears regarding the misuse of government funds. GST implementation highlighted its lack of sympathy In his view, Malaysia was in the best of times and also the worst of times, towards the general public’s financial burden. akin to Charles Dicken’s “Tale of Two Cities”. Malaysians were divided - some believed in the viability of the Malaysian nation while others had lost hope with Another meeting of the SIF / CMR focused on Malay leadership and saw a the increasing erosion of human rights. Still others felt insecure and fearful presentation by Dato Vaseehar Hassan based on his research studies. with the rising crime rate and rising Islamisation, including the moderate Malays. Many who placed their hopes in Prime Minister Najib, UMNO and BN (as well as MCA and MIC) had given up although some still kept their hopes.

23 ASLI CEO SPEAKS IN GLOBAL THINK TANK SUMMIT IN BEIJING AND CALLS ON THE PREMIER OF CHINA

ASLI CEO Tan Sri Michael Yeoh (2nd row) joining other VIP speakers in a meeting with China’s Premier ASLI CEO Tan Sri Michael Yeoh speaking at The Global Think Tank Summit in Beijing organised by Li Keqiang in the Great Hall of the People in Beijing. In front row from left Kevin Ruud former Prime China’s top Think Tank CCIEE. Tan Sri Michael Yeoh also joined other Think Tank leaders in calling on Minister, Australia, Zeng Peiyan former Vice Premier China, Romano Prodi former Prime Minister the Premier of China Li Keqiang. Italy and Premier Li. ASLI DIRECTORS SERVE ON NATIONAL UNITY WORLD HALAL CONFERENCE CONSULTATIVE COUNCIL The World Halal Conference 2015 was held at the Kuala Lumpur Convention Centre in Malaysia on 1st of April 2015 through 2nd of April 2015 This event was co-organised by the Halal Development Corporation (HDC) and ASLI as the knowledge Partner. It was hosted by the Ministry of International Trade and Industry (MITI). The conference was attended by about 1200 participants from 33 countries. This year, WHC brought together Heads of Governments and prominent leaders to share their views, provide latest updates on Halal industry development, deliberate on pertinent issues and gaps faced and network closely to sustain the dynamism and strength of the Halal economy. This is the 2nd year ASLI has partnered with HDC on the WHC. Chairman of NUCC Tan Sri Samsudin Osman presenting the NUCC National Unity Blueprint to the Prime Minister flanked by NUCC Members. Tan Sri Michael Yeoh is on the Prime Minister’s right.

The WHC 2015 theme “Halal Economy: A Profitable Convergence” demonstrates the importance of knowing the “know how” on converging the Halal industry and the Islamic finance. In hosting this conference, the HDC primary objective is to intensify strategic collaborations in Halal related areas and the meeting of minds is expected to inspire synergistic convergence amongst the critical sectors towards a lucrative and sustainable Halal economy. The conference encompassed six subject-focused forums featuring intensive and empowering dialogues with 80 influential speakers to map out future global Halal developments.

ASLI CEO and NUCC Inclusive Development Committee Vice Chair Tan Sri Michael Yeoh highlighting a point to the Prime Minister whilst Prof. Datuk Shamsul, Tan Sri Samsudin Osman and Datuk Dr. Denison Jayasooria look on. The Chairman of ASLI’s Centre for Public Policy Studies Tan Sri Ramon Navaratnam and ASLI CEO Tan Sri Michael Yeoh sits on the National Unity Consultative Council where Tan Sri Navaratnam is Chairman of the NUCC Inclusive development working committee and Tan Sri Michael Yeoh, the Vice Chairman.

The NUCC recently handed over the National Unity Blueprint to the Prime Minitster at the Prime Minister’s Department, outlining the MITI Minister Dato’ Sri Mustapa Mohamed and ASLI CEO Tan Sri Michael Yeoh at the Ministerial Session. outcomes and strategies.

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