Vol 1 2016: January PP 8307/12/2012(032066) www.asli.com.my

ASLI CEO Tan Sri Michael Yeoh with Sabah Chief Minister Dato Seri Musa Aman, Prime Minister Dato At The World Chinese Economic Summit Reception in Kensington Palace London. Sir Liu Changle Sri Mohd Najib and Minister in the Prime Minister’s Dept. Tan Sri at the opening of chairman Phoenix TV, Dato Seri , Sir John Boyd, Tan Sri Jeffrey Cheah, Sultan Nazrin the National Unity & Integration Seminar Co-organised by ASLI and the National Unity Dept. in Kota Shah, The Duke of York, Deputy Prime Minister Dato Seri Zahid Hamidi, Tan Sri Lee Kim Yew, Tan Kinabalu on Day. Sri Michael Yeoh.

HRH Sultan Nazrin Muizzuddin Shah, Sultan of presenting the WCES Patron’s Special Deputy Prime Minister of Malaysia Y.A.B. Dato’ Seri Dr. delivering his Keynote Benovelence Award to HRH Duke of York Prince Andrew at the WCES Reception in Kensington Palace Address at the World Chinese Economic Summit. Looking on are Chairman of Asia House Sir John London whilst WCES Chairman & ASLI CEO Tan Sri Michael Yeoh looks on. Boyd KCMG, Governor of Victoria, Australia H.E. Linda Dessau AM and Tan Sri Michael Yeoh.

Chairman of ASLI Tan Sri Dr. Jeffrey Cheah presenting a memento to YB Dato’ Sri Liow Tiong Lai, The Duke of York HRH Prince Andrew receiving a memento from ASLI Chairman Tan Sri Jeffrey Cheah Minister of Transport of Malaysia and Honorary Adviser of WCES, whilst Former Minister of State at at the WCES Reception in Kensington Palace London. the Foreign and Commonwealth Office The Rt Hon Lord Howell of Guildford looks on.

...more inside 7TH WORLD CHINESE ECONOMIC SUMMIT IN LONDON

Minister in the Prime Minister’s Department of Malaysia YB Dato’ , Chairman of WCES & CEO of ASLI Tan Sri Michael Yeoh, Former President of Indonesia H.E. Susilo Bambang Yudhoyono, Deputy Prime Minister of Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi, Co-Founder & Patron of WCES Tan Sri Lee Kim Yew and Chairman of ASLI & Sunway Group Tan Sri Dr. Jeffrey Cheah at the WCES Ribbon Cutting Ceremony.

Chairman of WCES & CEO of ASLI Tan Sri Michael Yeoh, UK Secretary of State for Business, Innovation Country Heights Group and Cheng Ho Multi Culture Education Trust Tan Sri Lee Kim Yew, Sultan of and Skills and President of the Board of Trade The Rt Hon Sajid Javid MP, Deputy Prime Minister of Perak Darul Ridzuan HRH Sultan Nazrin Muizzuddin Shah, Former President of Indonesia H.E. Susilo Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi and Former President of Indonesia H.E. Susilo Bambang Yudhoyono and Chairman Tan Sri Dr. Jeffrey Cheah at the Patron’s Welcome Dinner and Bambang Yudhoyono attending the Opening Ceremony of WCES in London. Lifetime Achievement Awards Conferment Ceremony.

On the 10th and 11th of November 2015, ASLI hosted the 7th World Chinese Economic Summit (WCES), under the theme: “China and the World — Forging Euro-Asian Partnerships Towards Shared Prosperity”. The summit was held at The Savoy, the iconic London hotel and theatre venue, with parallel session hosted by the House of Lords and Kensington Palace. The two-day event gathered together over 300 participants, including state leaders, ambassadors, public intellectuals and the international business community, and featured high-level panel presentations, roundtable discussions, sideline meetings and networking sessions.

As part of the Opening Ceremony, HRH Sultan Nazrin Muizzuddin Shah, Sultan of Perak Darul Ridzuan, Malaysia, gave the Royal Address. Through his speech, entitled “The New Silk Road - History in Founding President of IDEAS YAM Tunku Zain Al-Abidin ibni Tuanku Muhriz, Sultan Perak Darul the Remaking”, he expressed his confidence in this Chinese initiative, Ridzuan HRH Sultan Nazrin Muizzuddin Shan, ASLI Chairman Tan Sri Dr. Jeffrey Cheah, Former Prime which he said he believed would promote joint mutual benefits in an Minister of Pakistan H.E. Shaukat Aziz and Director of ASLI Tan Sri Ramon Navaratnam. egalitarian and less intrusive way by focusing on a business intensive approach. HRH Sultan Nazrin also argued that the success of the In a Special Address also at the Opening Ceremony, H.E. Susilo Belt and Road venture would depend on the participation of all Bambang Yudhoyono, Former President of the Republic of Indonesia, countries across Europe and Asia in making independent decisions noted that at the London G-20 Summit, world leaders agreed in based on mutually acceptable terms. Finally, Sultan Nazrin stressed principle to adopt the G-20 framework for balanced and sustainable the importance of China’s diplomatic management of its territorial economic growth. In addition to this, Yudhoyono proposed one more disputes in maintaining the credibility of this initiative. element - inclusiveness. In achieving inclusiveness, he argued

ASLI Chairman Tan Sri Dr. Jeffrey Cheah presenting a memento Chairman of ASLI and Sunway Group Tan Sri Dr. Jeffrey Cheah, Executive Director of the Better Hong Kong Foundation Ms. to Sultan of Perak Darul Ridzuan HRH Sultan Nazrin Muizzuddin Permanent Honorary President, Hong Kong Chinese General Karen Tang, Chief Operating Officer of ASLI Ms. Ng Yeen Seen, Shah, whilst Tan Sri Michael Yeoh look on. Chamber of Commerce Dr. Jonathan Choi and China Ambassador VP for Office of Business Development, Singapore Management to United Kingdom H.E. Ambassador Liu Xiaoming at the Opening University Dr. Annie Koh and Senior Executive Director, Sunway Ceremony of WCES in London. Education Group Dr. Elizabeth Lee at the Luncheon at the House of Lords. 2 7TH WORLD CHINESE ECONOMIC SUMMIT IN LONDON

From Left: Chairman of Phoenix Satellite TV Sir Liu Changle, Director of Country Heights Group Puan ASLI Chairman Tan Sri Dr. Jeffrey Cheah presenting a memento to Former Vice Premier of China H.E. Sri Tan Bee Hong, HRH Duke of York Prince Andrew, Co-Founder & Patron of WCES Tan Sri Lee Kim Zeng Peiyan, whilst The Lord Sheikh of Cornhill and Tan Sri Michael Yeoh looks on. Yew and ASLI Chairman Tan Sri Dr. Jeffrey Cheah.

ASLI Director Tan Sri Ramon Navaratnam greeting Minister of H.E. Dr. Cheng Guoqiang, Director General & Senior Fellow, Transport Dato Seri Liow Tiong Lai. CIMB Chairman Dato Seri Nazir Razak, Special Branch Director Commissioner Department of International Cooperation, Development Dato Fuzi and High Commissioner to Britain Dato Ahmad Rasidi at the opening Research Center of State Council of PRC delivering a Keynote ceremony. Address: “The Belt and Road-Innovating the Model of Cooperation and Co-existence. that we must strive to incorporate more talent. He noted that going Dato’ Mah Siew Keong, Minister in the Prime Minister’s Department, forward the WCES should serve as the platform for this, as well as gave a Keynote Address on the importance of the Chinese Diaspora building stronger partnership and real collective action involving all in facilitating business opportunities worldwide. He noted that these stakeholders between developed countries, emerging markets and communities play an imperative role in the economic development developing nations. of their country of origin, and that diasporas represent a bridge to knowledge, expertise, resources and markets. If engaged correctly. Dato’ Seri Ahmad Zahid Hamidi, Deputy Prime Minister of Malaysia, he argued, they can be central to promoting trade and FDI. while also delivered a Keynote Address in which he spoke of how strengthening creating business and stimulating entrepreneurship in their home ASEAN- China ties is key to regional peace and prosperity in Southeast country. Asia. The speech, entitled “Enhancing UK - China Relations: Building a Common Future”, also focused on the Chinese economic miracle, China’s former Vice Premier H.E. Zeng Peiyan, Vice Chairman of whereby 30 years of double-digit economic growth in the region Boao Forum and Chairman China Centre for International Economic has ushered in a re-balancing of history’s global equilibrium. If we Exchanges delivered a Special Address at a Luncheon in the House look back 500 years ago to the 16th Century, he said, Asia not only of Lords. He spoke on China’s economic prospects and challenges. accounted for the majority of the world’s population, as it still does today, but it also contributed to nearly 50% of world trade. Finally, Tan Sri Michael Yeoh, Chairman of the World Chinese Economic Summit and CEO of the Asian Strategy & Leadership Dato’ Sri Liow Tiong Lai, Minister of Transport of Malaysia, explored Institute (ASLI), noted that after seven years, he truly believed that the details of China‘s Belt and Road initiative and what this will mean the WCES had grown to become the premier annual event bringing for ASEAN. He argued that it is not an exaggeration to say that if together government, business leaders and entrepreneurs from businesses do not pay attention to the far-reaching implications of the China, Asia, India Hong Kong and Europe. The result of this being to regional economic development of China, they would not only lose help promote closer linkages between China and the West and China business opportunities, but also find their markets eroded. and South East Asia. he said. (Continue on page 5)

Executive Vice Chairman of China Institute for Innovation and Development Strategy Ambassador Distinguished Panellists of the session: The Power of Business Networking: Former Lord Mayor of Wu Jianmin, Chairman of CIMB Group Dato’ Seri Nazir Razak and Chairman of UK-ASEAN Business Melbourne Dr. John So, MD of YTL Group Tan Sri Francis Yeoh, Chairman of Conservative Friends of the Council Lord Davies of Abersoch CBE speaking at the session on “The Belt and Road: Moving Chinese The Lord Wei of Shoreditch, President of Institute of Future Studies for Developement Prof. Dr. Paradigm, Addressing Challenges and Realising Opportunities”. Kriengsak Chareonwongsak, Executive Chairman of Serge Pun & Associates Limited and Yoma Strategic Holdings Mr. Serge Pun and President of Singapore Retail Association Dato’ Dr. Jannie Chan. 3 WCEF LIFETIME ACHIEVEMENT AWARDS

HRH Sultan Nazrin Muizzuddin Shah, HRH Duke of York Prince Andrew, Y.A.B. Dato’ Seri Dr. Ahmad Founder & Chairman of Shanghai Tang Sir David Tang receiving the Lifetime Achievement Award from Zahid Hamidi, Tan Sri Lee Kim Yew and his family members. H.E. Susilo Bambang Yudhoyono and HRH Sultan Nazrin Muizzudding Shah, whilst Tan Sri Dr. Jeffrey Cheah and Tan Sri Lee Kim Yew look on.

Professor Sir David Greenaway, Vice Chancellor of University of Nottingham receiving the Lifetime Managing Director of YTL Group of Companies Tan Sri Francis Yeoh receives his Lifetime Achievement Achievement Award for Promoting Education Ties Between UK, China and Malaysia. Award for Leadership in Regulated Industries.

Sir John Boyd KCMG, YB Dato’ Sri Liow Tiong Lai, Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi, Ms. Executive Chairman Group Managing Director and Founder of Eversendai Corporation Berhad Tan Sri A.K. Ng Yeen Seen and Dr. Elizabeth Lee at the Patron’s Welcome Reception in Royal Kensington Palace. Nathan Elumalay was also conferred the Lifetime Achievement Award for Leadership in Construction Industry.

Tan Sri Dato’ Seri Lim Gait Tong, Chairman & Chief Executive of Farlim Group (Malaysia) Berhad Chairman of ASLI and Sunway Group Tan Sri Dr. Jeffrey Cheah delivering the Introductory Remarks at receives his Lifetime Achievement Award for Business and Community Leadership. the Patron’s Welcome Dinner and Lifetime Achievement Awards Conferment Ceremony.

HRH Sultan Nazrin Muizzddin Shah presenting the Lifetime Achievement Award to Managing Director Executive Chairman of Serge Pun & Associates Limited and Yoma Strategic Holdings Mr. Serge Pun of LBS Bina Group Berhad Tan Sri Lim Hock San, whilst H.E. Susilo Bambang Yudhoyono and Tan Sri receiving the Lifetime Achievement Award for Entrepreneurial Leadership. Dr. Jeffrey Cheah looks on.

Dato’ Paduka Timothy Ong, Founder & Chairman of Asia Inc Forum receives his Lifetime Achievement Dato’ Voon Tin Yow, Executive Director of Eco World Development Group Berhad receiving the Lifetime Award for Regional Business Leadership. Achievement Award for Leadership in Global Property Development.

4 ASLI CEO MEETS WITH PRIME MINISTERS OF INDIA & VIETNAM

Vietnam’s Prime Minister Nguyen Tan Dung with ASLI CEO Tan Sri Michael Yeoh and Malaysian Business leaders and Deputy Finance Minister Dato .

Prime Minister of India Narendra Modi with ASLI CEO Tan Sri Michael Yeoh and Bank Negara Governor ASLI CEO Tan Sri Michael Yeoh with Australian Foreign Minister Julie Bishop, Monash University Pro Tan Sri Dr. Seti Aziz, Khazanah Nasional Managing Director Tan Sri Azman Mokhtar and other Chancellor Prof Helen Bartlett and former Ambassador to the United Nations, Tan Sri Hamidon Ali. Malaysian business leaders. ASLI SIGN PARTNERSHIP WITH OXFORD BUSINESS GROUP

A landmark report on Malaysia by the global publishing firm Oxford Business Group (OBG) will chart the country’s progress as it moves to diversify its economy in a climate of fast approaching regional integration.

The Report: Malaysia 2016 will look in detail at the range of opportunities for investors across the sectors of the country’s economy, which range from real estate and lslamic financial services to manufacturing. There will be extensive coverage of the 11th Malaysia Plan, which is driving the country’s bid to achieve developed-nation status by 2020.

The Asian Strategy and Leadership Institute (ASLI) has signed a Memorandum of Understanding (MOU) on research with OBG for its forthcoming publication. The institute’s experts will work with OBG to compile and produce The Report: Malaysia 2016. The ASLI is an independent, non-profit think-tank Oxford Business Group signed an Mou with ASLI on collaboration on Malaysia Report produced by OBG. which promotes dialogue and understanding between government, business leaders and civil society across ASEAN and the wider Asia-Pacific region. It also provides strategic analysis and advice on critical issues within its field. 7TH WORLD CHINESE ASLI’s Chief Executive Officer Tan Sri Dato’ Dr Michael Yeoh said he looked forward to contributing to OBG’s forthcoming report which, he added, was ECONOMIC SUMMIT IN due out in what should be a pivotal year for both Malaysia and the broader LONDON (cont. from page 3) ASEAN region. in addition to the numerous keynote speeches and presentations, “Malaysia’s position as chair of ASEAN this year provided the country with an the summit featured a Lifetime Achievement Awards Ceremony and opportunity to raise its profile on the international stage ahead of the launch various interactive panel presentations, which covered topics ranging of the AEC,” he said. “We expect our research with OBG to explore what from China in the New World Economy to The Power of Business full regional integration means for the country, in terms of opportunities and Networking. challenges, while also charting the changing domestic economic landscape.” During the Closing Ceremony, Tan Sri Ramon Navaratnam, Director OBG’s Regional Manager for Asia Lauren Denny said that while the Group of ASLI and Chairman of the Centre for Public Policy Studies (CPPS), had worked closely with ASLI over the years, the new partnership heralded spoke of how throughout the years that the WCES has always a closer collaboration that would bring something extra to the team’s been active. It has explored ways China can beneficially contribute research. “These are exciting times for Malaysia, both at home, where major to business and diplomatic relations in the ASEAN region, and infrastructure projects are being rolled out, and regionally,” she said. “I’m how through engagement with China, the diaspora can be further delighted that the Asian Strategy and Leadership lnstitute’s experts will be contributing to our tenth-anniversary project by providing us with an additional economically empowered, he argued. and timely, regional perspective.” The 7th World Chinese Economic Summit was co-organized with The Report: Malaysia 2016 will be a vital guide to the many facets of the country, Asia House London. The Strategic and Corporate Partners on the QI including its macroeconomics, infrastructure, banking and other sectoral Group, Laura Ashley, Sunway Group, Global Movement of Moderates, developments. it will also contain interviews with leading representatives. The Silverlake, MCA, GD Group, LBS Bina, Farlim Group, Khazanah publication will be available in print or online. Nasional, HSBC, Bank Manyapada, MPI General Insurans.

5 ENCHANCING NATIONAL UNITY & INTEGRATION SEMINAR

Tan Sri Michael Yeoh, Tan Sri Joseph Kurup, Dato Heng Sei Kei, Ms Fui Soong and Tan Sri Dr. Irwan ASLI CEO Tan Sri Michael Yeoh greeting Prime Minister Dato Sri Mohd Najib. Serigar Abdullah.

The Prime Minister delivering his Keynote Address. Secretary General, Ministry of Finance Tan Sri Dr. Irwan Serigar Abdullah.

On 16 September, 2015, the Department of National Unity & Integration (JPNlN) in the well-being of the locals. She concluded that more funds should be allocated the Prime Minister’s Department and ASLl convened a national conference entitled for the construction of highways. urban roads and to improve on the condition “Enhancing National Unity & Integration: Towards a Common Destiny-Where Do of rural roads as well as an expansion of Sabah’s ports in the BlMP EAGA trade We Go from Here”. Altogether it has brought together 1200 delegates represented development through adequate construction of bridges. More importantly, there is by government officials, state leaders, academicians, business leaders, political a need for both the Federal and State governments to work closely to implement scientists, lawyers, community based leaders and think tanks to take stock of the recommendations of the Royal Commission lnquiry (RCl) on illegal immigrants. what Sabah has achieved, where the short-comings are and what more can be lf Sabah aims at strengthening its integration through the economic sector, it needs done to further strengthen the future of Sabah. YAB Datuk Seri Mohd Najib bin Tun to create more enabling opportunities women living in the rural and interior areas. Abdul Razak, Prime Minister of Malaysia launched the conference and delivered a keynote address, accompanied by the Chief Minister of Sabah, YAB Datuk Seri Dr.Madeline Berma, an Associate Professor from Universiti Kebangsaan Malaysia Panglima Musa Aman and a Minister in the Prime Minister’s Department, YB Tan raised concern over Malaya-centric policies that underpin the Sabah development Sri Datuk Seri Panglima Joseph Kurup. policies. Various policy interventions may be said to have addressed the needs of the Sabahan population, but some interventions cannot bejustified honestly as it The conference was moderated by both Tan Sri Michael Yeoh, CEO of ASLl and has caused the economic exclusion and marginalisation of the non-Malay Muslim Datuk Seri Dr Ronald Kiandee, Deputy Speaker of the House of Representative, Bumiputeras in Sabah. There is a distinct awareness and realisation that the local . It was held with an aim to explore how to better incorporate elites are seen as proxies to the Federal government. This further adds to a lack of Sabah‘s perspectives on Malaysia’s development effort-with a view on how Sabah distrust between communities and local leaders. Given the importance of honouring can benefit from a more inclusive development approach. It sought the opinion of the spirit of the Malaysian Agreement and the 20/18 Point Memorandum, the need the relevant stakeholders to reach a common understanding to strengthen Sabah’s to strategically empower the human capital of Sabahan, with specific reference to integration in Malaysia. It discussed how the Sabah state and Federal government the non-Muslim Bumiputeras engagement in the public sector is critical to achieving cooperation and the exchange of experience regarding integration policies can be inclusive development. improved; and how socio-economic and political dialogue can be strengthened. Datuk Seri Panglima Wong Khen Thau, Honorary Life President of Sabah Industries Tan Sri Dr lrwan Serigar, Secretary General of Treasury of the Ministry of Finance questioned if the formation of Malaysia is a marriage of convenience or “is it an began the conference’s first plenary session, calling for a strengthened focus on officially satisfied partnership”? ln posing this question, he noted with grave concern economic inclusivity; an improved efficiency and performance of road infrastructure that there are some clear benefits that How from the Malaysian Agreement, mainly development; increased access to the energy services by the off-grid communities; benefitting the growth and development of Semenanjung Malaysia. His present and a strengthened job market for youth employment. For him, significant progress thinking implied by the plea to go back to more of an equal partnership between the has been made by the Federal Government in integrating Sabah’s needs and Federal government and the State government, is that to allow more autonomy to priorities in the 10 consecutive Malaysia Plans. However, much can be done to be given to Sabahans as he sees the potential of Sabah to be an economic power address the aforementioned areas. house in this region.

Ms Fui K. Soong, CEO of the Centre for Strategic Development (CENSE)’ position Dr. Bilson Kurus, Senior Manager of Research & Information of POlC Sabah noted may be seen in her session on how Sabah has progressed economically since a longer term shift that Sabah is in a position to reap a demographic dividend, the the formation of Malaysia. She considered how the current security situation in the socio-economic growth that can result in from having a relatively large group of East Coast, the presence of illegal immigrants in Sabah as well as high cost of working age people-provided that they are educated. empowered and employed. living faced by urbanites Sabahan might have an impact on Sabah’s economy and This trend is evident as 45% of the population in Sabah are below the age of

Prof Madeline Berma of UKM highlighting a point with CENSE Director Fui Soong. ASLI CEO Tan Sri The Prime Minister launching the seminar. Michael Yeoh and Treasury Secretary General Tan Sri Dr. Irwan Serigar Abdullah.

6 ENCHANCING NATIONAL UNITY & INTEGRATION SEMINAR

The Prime Minister at the Opening Ceremony. The Prime Minister having lunch with Sabah Chief Minister Dato Seri Musa Aman, Housing & Local Government Minister Dato ; Science Technology and Innovation Minister Datuk and ASLI CEO Tan Sri Michael Yeoh. review of the special grants made to Sabah and Sarawak for the periods beginning with 1969, 1974 and thereafter at such time as the govemment of the Federation or the Government of the State may require. The proposed review includes the Petronas agreement to ensure conformity with the Sabah Land Ordinance, the Federal Constitution and to increase the royalty payable to Sabah in respect of such petroleum to 10%. The issue that his session highlighted was a nuanced argument that takes into account Sabah’s entitlement to cash payment; royalty and export duty.

Much of Professor James Chin, Director of the Asia Institute of Tasmania, University of Tasmania, Australia’s session illustrated the chronological and narrative context of Sabah’s political development since the formation of Malaysia. The upsurge of the “Federal Factor” since the 1960s and the trends since the l980$ had revolved around cycles of nationalism. He also explained that there are three political categories in Sabah: Muslim, Non-Muslim and Chinese, and that these are The Panel Session chaired by Tan Sri Michael Yeoh. all becoming more rigid. More pointedly, the electoral competition is shifting to a

30. Youth made up 60% of the electorates in Sabah. To date. however, despite considerable investment to improve Malaysia’s youth development, there has been very little focus of how, in practical terms, to address the current market in Sabah that lacks the ability to create opportunities for young people to contribute. This conference offers an opportunity for reflection to examine if youth in Sabah are adequately and equally empowered to meet the demands of the job market available in Sabah, and what is clear is that emigration to Semenanjung Malaysia may be reduced. Hence, it is important to create an environment for Sabahan youth to play a meaningful role in the development of Sabah.

An important insight from Edmund Bon’ representing the Bon Advocates. his session on Sabah‘s Financial Provision and Rights is also that Sabah and Sarawak have special rights in the Federal Constitution. Its people have special protection over and above Malayans. The parliament and government cannot cancel and override the special rights of Sabah and Sarawak in the Federal Constitutions. Prof James Chin addressing the Seminar. Edmund offers an important rationale and justification as to why there shall be a

Muslim or ‘Muslim- plus’ outcome (meaning it is almost impossible now to have a non-Muslim government in Sabah).

Despite the often perceived notion that Sabah is unique, it remains in the case that Sabah is beginning to mirror that of Peninsula Malaysia, not only in the make-up of its political parties, but also in the issues that is being campaigned on.

According to Dr Arnold Puyok, Head of Department of Politics and International Relations. UNlMAS, one important distorting characteristic of the implementation of the 20-points agreement is that is typically not fully delivered. A series of development have had an impact on Sabah. As he noted with concern, Sabah’ rights/ and autonomy are gradually diminishing. Secondly, there has been an increase in cases of non-compliance to the 20-Points/ and ICC recommendations. Thirdly, the issue also played out in the amendments to the state constitution in terms of religion, language and natural resources, which had altered the uniqueness MOU Signing between ASLI and National Unity and Integration Dept. of Sabah’s characteristics. There is no doubt whatsoever that discussion about Sabah should move beyond the 20-Points Agreement. The line of thinking should be based on Vision 2020, namely to establish a united Malaysian nation with a sense of common and shared destiny. NATIONAL ACTION PLAN ON (Continue on page 18) SABAH Following the Enhancing National Unity & Integration conference jointly held with the Department of National Unity & Integration (JPNIN) on Malaysia Day, ASLI has been commissioned by JPNIN to develop Sabah National Action Plan. The National Action Plan (NAP) on Sabah seeks to be a document that supports the strategic, coordinated and sustainable inclusive development in Sabah as a key to enhancing integration and unity. The NAP will identify short and long-term goals for the next three years and how we will work together in the different sectors, to reach these goals. It outlines the strategic areas of focus, spheres for mutual collaboration and improved mechanisms for coordination. It will present a strategic opportunity to identify and agree on areas of cooperation between government agencies, the UN, civil societies, NGOs, community based organisations, think tank and the ASLI CEO Tan Sri Michael Yeoh presenting a memento to Minister in the Prime Minister’s Dept. Tan Sri academia to strengthen Sabah‘s integration through inclusive development. Joseph Kurup whilst the Department’s Director General Dato Gandesan looks on.

7 18TH NATIONAL HOUSING & PROPERTY SUMMIT

Thank you to all sponsors and partners for their invaluable contributions towards making this summit a success.

Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI welcoming YB Datuk Haji Abdul Rahman Bin Dahlan, A token of appreciation from Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI to YB Datuk Haji Abdul Minister of Urban Wellbeing, Housing and Local Government. Rahman Bin Dahlan, Minister of Urban Wellbeing, Housing and Local Government. Looking on is ASLI’s CEO, Tan Sri Dr. Michael Yeoh. The 18th National Housing and Property Summit was organised by to introduce a Rent-To-Own scheme aimed at those who are unable ASLI on 21st August 2015 at Sunway Resort Hotel & Spa with the to secure bank financing. He also revealed that Syarikat Perumahan theme “Housing & Property Development in a Challenging Market”. Negara Berhad (SPNB) wil be building and undertaking 12,000 units of Rumah Mesra Rakyat (RMR); 5,000 units of Rumah Idaman Tan Sri Dr Jeffrey Cheah, Chairman, Asian Strategy & Leadership Rakyat; 20,000 units of Rumah Aspirasi Rakyat; an extension of the lnstitute (ASLI) and Sunway Group provided the welcome address fifty percent (50%) stamp duty exemption on instrument of transfer and urged the government to give priority to first-time home buyers and loan agreements, in addition to increasing the purchasing limit because it has a strong impact on the standard of living of households from RM400,000 to RM500,000; raising the ceiling of Skim Rumah as well as on the stability of society. Pertamaku to RM500,000; and raising the qualifying borrowing age to 40 years old. The Opening Keynote Address was delivered by Dato’ Haji Abdul Rahman bin Haji Dahlan, Minister of Urban Wellbeing. Housing & The Minister sought the cooperation of Bank Rakyat to ease bank Local Government. who spoke on the topic - “The 11th Malaysia Plan loans, but also acknowledged the need to balance between providing and the Housing & Property Sector: Meeting Future Chalenges”. means of financing home buyers and at the same time addressing The Minister assured delegates that the government will continue to increasing household debts. The National Housing Council will also be responsive to the private sector and create a positive business discuss the streamlining of PPPs, which will lead to the creation of a environment as confidence is key in the macro environment as well new agency under Jabatan Perumahan Negara to facilitate the needs as the business landscape, which is required of long-term property and wants of industry players. investment. Every year, between 150,000 and 180,000 houses are built but there He also acknowledged that it is the government’s responsibility is still an acute undersupply of houses. By 2020, there will be a supply to ensure a steady supply of affordable housing for the lower and shortage of 3.3 million homes. There is also a lack of affordable middle-income groups who are struggling with rising cost of living, housing. Property sales have dropped as volume transactions have particularly in urban areas. He revealed that the government has plans decreased as much as 11% between 2011 and 2014, with the biggest

Another presentation of memento to our Corporate Sponsor, Land & General Bhd. YB Minister presenting a memento to our Strategic Partner, Ecoworld whilst Tan Sri Dr. Jeffrey Cheah and Tan Sri Dr. Michael Yeoh look on.

8 18TH NATIONAL HOUSING & PROPERTY SUMMIT

Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI sharing a light moment with YB Datuk Haji Abdul Rahman Left to Right: Mr. Mustapha Kamal Bin Zulkarnain (PAM), Dato’ Othman Omar (Qxley holdings), Dato Dahlan, Minister of Urban Wellbeing, Housing Local Goverment looking on are Tan Sri Dr. Michael Stewart LaBrooy (Axis REIT Managers), Mr. Anwar Syahrin Abdul Ajib (UEM Sunrise), Tan Sri Dr. Yeoh, CEO of ASLI and Ms. Sarena Cheah Group Managing Director, Sunway Property Division. Michael Yeoh (ASLI), Mr. Sarly Adre Sarkum (Malaysia Green Building Confederation) and Mr. David hit in 2013. Despite all these, property value continues increasing. The Mizan Hashim (Architect Veritas). property market has slowed down in 2015 due to political instability, GST perception, falling oil prices and the depreciating Ringgit. It is also harder to secure financing for housing loans. Instituted cooling measures have addressed issues with increasing household debt and reduced market speculation, but it is uncertain if this policy will continue. Effects of low interest rates in the US are poised to change, further impacting the property market.

Developers need to be sensitives towards changing trends, such as smaller family sizes, young adults delaying marriage, increasing eco-awareness, rapidly aging population, and increasing health awareness. There is also need to relook at the purchasing power of the population to gauge if they are in a position to buy homes. Dato Beh Huck Lee (EUPE Corporation), Ms. Dianna Lee (Country Heights Holdings Bhd), Ms. Jane 31% of purchasers are aged 20-39 years. The 11th Malaysia Plan Leong (Mah Sing Group) sharing their thoughts with session moderator Mr. Ishmael Ho (Ho Chin Soon Research), 2nd from left. has put forward several specific strategies to help low and middle- income households achieve the goal for affordable housing. Under Immediate Past President of the Malaysian Institute of Estate Agents; the 11MP, 606,000 houses will be developed for the low and middle- Mr. Shan Saeed of IQI Group Holdings; Mr. Christopher Boyd of income households between 2016 and 2020. The bottom 40 percent Savills (Malaysia) Sdn Bhd; Dr. Zailan Mohd Isa of the Ministry of bracket is one of the main focus groups for the years ahead, making Finance; Mr. Elvin Fernandez of Khong & Jaafar Sdn Bhd; Ms. Malathi an inclusive housing policy important. Thevendren of Jones Lang Wootton; Mr. Previndran Dato’ Singhe of Zerin Properties; Mr. Ho Chin Soon and Mr. Ishmael Ho of Ho Chin Notable speakers in the conference include Datuk Seri Michael Soon Research Sdn Bhd; Dato’ Beh Huck Lee of EUPE Corporation Yam, Past President of REHDA; Datuk Charlie Chia, Group Chief Berhad; Ms. Dianna Lee of Country Heights Holdings Berhad; Ms. Executive Officer of United Malayan Land Bhd; Mr. Siva Shanker, Jane Leong of Mah Sing Group Berhad; Dato’ Stewart LaBrooy of Axis REIT Managers Bhd; Ar Mustapha Kamal bin Zulkarnain of the Malaysian Institute of Architects (PAM); Dato’ Othman Omar of Oxley Holding (M) Sdn Bhd; Mr. Anwar Syahrin Abdul Ajib of UEM Sunrise; Ar Sarly Adre Sarkum of the Malaysia Green Building Confederation; Mr. David Mizan Hashim of Veritas Architects Sdn Bhd; Mr. Haji Azlan Alifiah of the Selangor State Development Corporation (PKNS); and Dr. Daniele Gambero of REI Group Companies.

EcoWorld Development Group was the Summit’s strategic sponsor, alongside SP Setia, Sunway Group, Land & General, Dulux, Ireka, Malton, as corporate sponsors, PKNS as associate sponsor, REHDA and FIABCI Malaysia as supporting organisations, and Oxford

Distinguished Role-Players at the CEO Roundtable Mr. Siva Shanker (Malaysian Institute of Estate Business Group and The Business Year as media partners. Agents), Datuk Seri Michael Yam (Impetus Partnership), Mr. Christopher Boyd (Savills), Datuk Charlie Chia (UM Land Bhd) and Mr. Shan Saeed (IQI Group Holdings)

3rd from left: Session Moderator, Dr. Zailan Mohd Isa (Ministry of VIP guests at the Opening Keynote Address: Tan Sri Ramon Tan Sri Dr. Michael Yeoh presenting a memento to Tuan Haji Md. Finance) Mr. Christopher Boyd (Savills), Ms. Malathi Thevendren Navaratnam, Corporate Advisor of Sunway Group, Datuk Seri Azlan Alifiah, General Manager of Selangor State Development (Jones Lang Wootton) Mr. Elvin Fernandez (Khong & Jaafar), Mr. Michael Yam, Past President of REHDA, Puan Sri Susan Cheah, Cooperation (PKNS). Ho Chin Soon (Ho Chin Soon Research) and Mr. Previndran Dato’ Dato Jeffrey Ng, CEO of Sunway REIT Management, Mr. Bern Ong Singhe (Zerin Properties) discussing The industry outlook and and Ms. Ng Yeen Seen. future of the housing & property sector. 9 THE 10TH ASIA ECONOMIC SUMMIT

Minister of International Trade & Industry II Dato Seri Ong Ka Chuan sharing a light moment with H.E. Judith St. George, High Commissioner of Canada to Malaysia; Tan Sri Ramon Navaratnam, the Minister of National Development Planning Indonesia H.E. Sofyan A. Djalil and Tan Sri Michael Chairman, CPPS-ASLI/Group Adviser, Sunway Group; H.E. Dr. Makio Miyagawa, Ambassador of Japan Yeoh, CEO, ASLI. to Malaysia; H.E. Joseph Yun, Dr. Ulrich Zachau, Regional Director for South East Asia, The World Bank Group.

Dato’ Abdul Majid Khan, President, Malaysia China Friendship Association / former Malaysia Dato Seri Ong Ka Chuan, Minister of International Trade & Industry II presenting a sponser plaque to Ambassador to China, Mr. Alexander Wan, Senior Advisor, China Daily Asia Pacific; Ms. Ng Yeen Mr. Prakash Chandran, President & CEO, Siemens Malaysia Sdn. Bhd. Looking on is Tan Sri Michael Seen, COO, ASLI / Senior Director, CPPS-ASLI; Prof. Dr. Hoo Ke Ping, Director, Regionhub Engineering Yeoh, CEO, ASLI. Sdn. Bhd./ Independent Macro Consultant; Dr. Cheong Kee Cheok, Senior Research Fellow, Faculty of Economic & Administration, University of Malaya. The Asian Strategy & Leadership Institute (ASLI) organized its 10th Asia The Minister of International Trade & Industry II, Dato’ Seri Ong Ka Chuan Economic Summit on 4th December 2015 at Pullman Kuala Lumpur City Centre delivered the Luncheon Address on “ASEAN Economic Community Beyond Hotel & Residences. The Asia Economic Summit has been organized regularly 2015 - Challenges and Opponunities”. The Minister said that overall, ASEAN by ASLI over the years to bring together Government, Business, Academic and has implemented close to 93% of the measures set out in the AEC Blueprint Thought Leaders to discuss the key economic challenges facing Asia and the 2015. Barriers to trade and investments have been gradually dismantled. issues and opportunities to be addressed. Tariffs for intra-ASEAN trade have been almost eliminated. Restrictions to investments have been reduced. Equity ownership of 100% is allowed in most The Vice President of the Republic of Indonesia HE. Jusuf Kalla’s Keynote economic sectors. The coming 10 years will be challenging for ASEAN as it Address on “Indonesia’s Role in the New Regional Architecture Towards seeks to sustain investment flows and expand economic growth. The major Shared Prosperity and Sustainable Growth” was delivered by the Minister of challenges within the National Development Planning of Indonesia. H.E. Dr. Sofyan A. Djalil. region include:- Despite unfavourable global economy, Indonesia’s economy is expected to grow about 4.8 percent this year. With our current series of reforms, we expect (i) Upgrading or building the necessary infrastructure facilities. It has been that the growth will accelerate gradually and it could reach 6 percent or even noted that ASEAN will require USD110 billion per year through 2025 for better in 2017, said the Vice President. He further mentioned that Indonesia generation, transmission and distribution of power, the construction of roads, also recognizes the need to further strengthen coordination and synergy rails, ports and airports, expanding telecommunication networks and ensuring among regional cooperation architecture such as APEC, G-20, and Pacific adequate supplies of clean water and provision of sanitation. Alliance (Chile, Colombia, Mexico, Peru). “We also recognize their respective characteristics, natural resources and strengths, and hence underline the (ii) Overcoming domestic pressures to address inconsistent policies and importance of cooperation, as well as to avoid any duplication to provide added regulations to remove the remaining barriers to free flow of investments and value and complementarities. Indonesia stresses the need to strengthen the deepening of financial services and capital market integration. exchanges of consultations at various levels and explore opportunities to collaborate on joint endeavours on issues of common concern. Such (iii) Upgrading of skills of ASEAN’s population to meet the growing and ever- collaborations could cover mutual topics such as connectivity, infrastructure, changing needs of industry. sustainable development, food security, energy security, climate change, and disaster response and preparedness issues.” (iv) Increasing the participation of the MSMEs in the region and

The Vice President also mentioned that the development in Indonesia is not (v) Bridging the development gaps within ASEAN’s 10 Member States. only focusing on one or two regions. but spreads all over Indonesia. Every region in Indonesia is unique and contains different assets as the modality to Before ending his speech, the Minister said that the prospects for ASEAN are be further developed. Indonesia has all the potentials, waiting to be explored. bright, but our future success is not guaranteed. It will require our continued Those golden opportunities shall not be missed by investors. “In 2030, our joint commitment and strenuous effort to realise ASEAN’s potential. But energy market is estimated to reach USDZ70 billion, and therefore large the Minister is confident that we will achieve our goals. Our track record opportunities lie ahead to any investors who do not only want to invest in demonstrates that when we put our minds to it, ASEAN’s collective will can Indonesia, but also to make Indonesia as regional production basis to enter overcome the challenges in our path. wider markets, both in this region as well as other regions.” (Continue on page 21)

Mr. Ong Ewe Hock (centre) Managing Director, DuPont Malaysia H.E. Sofyan A. Djalil, Minister of National Development Planning, Dato’ Seri Ong Ka Chuan, Minister of International Trade & Sdn. Bhd., with Professor Annie Koh, Vice President, Office of Indonesia with Tan Sri Michael Yeoh, CEO, ASLI at the Press Industry II accompanied by Tan Sri Michael Yeoh, CEO, ASLI and Business Development, Singapore Management University; and Conference. Mr. Tan Koon Swan, Chairman, TungLing Corporation Sdn. Bhd. Mr. Stuart Dean, Senior Advisor, ASEAN Advisory Pte. Ltd. 10 MALAYSIA UK FORUM

YB Dato’ Mah Siew Keong (Minister in the Prime Minister’s Department, Malaysia) having a chat with At the opening ceremony (L-R): Datuk SK Lingam (Chairman, MLUK and President, AUBF); Tan Sri Dato’ Dr. Michael HE Dato’ Ahmad Rasidi Hazizi (Malaysian High Commissioner to the UK) Yeoh (CEO, ASLI and President, FBNUK); YB Dato’ Mah Siew Keong (Minister in the Prime Minister’s Department, Malaysia); HE Dato’ Ahmad Rasidi Hazizi (Malaysian High Commissioner to the UK); and HRH Tunku Zain Al-Abidin ibni Tuanku Muhriz (Vice President, Malaysian British Society)

Tan Sri Dato’ Dr. Michael Yeoh (CEO, ASLI and President, FBNUK) and Datuk SK Lingam (Chairman, (Left to Right): Mr. Max Say (Chief Business Partnership Officer ASLI); Tan Sri AK Nathan (Executive Chairman and MLUK and President, AUBF) accompanying YB Dato’ Mah Siew Keong (Minister in the Prime Minister’s Group MD, Eversendai Corporation): YB Datuk Heng Seai Kie (Special Adviser to the Prime Minister on National Department) to the function hall. Unity & Integration, Malaysia); Tan Sri Dato’ Dr. Michael Yeoh (CEO, ASLI and President FBNUK); YB Dato’ Mah Siew Keong (Minister in the Prime Minister’s Department, Malaysia); Mr. Martin Barrow; and HRH Tunku Zain Al-Abidin ibni The Malaysia-UK Forum themed “Deepening Malaysia-UK Relations and Tuanku Muhriz (Vice President, Malaysian British Society) Exploring Business Opportunities in Malaysia” took place on 12th November 2015 at the Royal Garden Hotel in London, UK with approximately 150 attendees. It was jointly organised by ASLI, MLUK (Malaysia Link UK), AUBF (ASEAN- UK Business Forum) and FBNUK (Friends of BN UK) with the support of the University of Nottingham, Ambank, Sime Darby. Pacific & Orient, Prima Ekuiti and GenCorporate.

In his welcome remarks, Tan Sri Dato’ Dr Michael Yeoh (CEO, ASLI and President, FBNUK) noted that Malaysia-UK relations have flourished over the years and expressed hope for the forum to address the attendees’ concerns and give them the right perception about Malaysia. Datuk SK Lingam (Chairman, MLUK and President, AUBF) added that many Malaysian organisations have set up operations in the UK and encouraged them to stay in touch with each other and Tan Sri AK Nathan (Executive Chairman and Group MD, Eversendai Corporation); Ms. Ng Yeen Seen (COO, ASLI and work together. Senior Director, CPPS); Prof. Christine Ennew (Provost of the University of Nottingham Malaysia Campus); and Mr. Richard McKie (Director, Group Business Development, BAE Systems) discussed the topic of “Deepening Malaysia - Delivering the opening remarks, HE Dato’ Ahmad Rasidi Hazizi (Malaysian High UK Partnership - Where do we go from here?” at the CEO Roundtable. Commissioner to the UK) noted that 2015 was a historic year for Malaysia and ASEAN with the establishment of the AEC and hoped that it would contribute towards strengthening economic ties between Malaysia and the UK, as the UK is currently the second largest investor in Malaysia. He also touched on the moderation agenda and on mobilising the Malaysian diaspora in the UK, as well as the area of education to help Malaysia become a high- income nation.

HE’s speech was followed by a video presentation from MIDA (Malaysian Investment Development Authority) to showcase the conducive business and investment climate in Malaysia.

Thereafter, Tunku Zain Al-‘Abidin ibni Tuanku Muhriz (Vice President, Malaysian British Society) gave a special address touching on politics and culture that bind Malaysia and UK, especially in terms of people-to—people relationships. He also noted the blurred demarcation between politics and business today with Datuk SK Lingam (Chairman, MLUK and President AVBF) addressing the audience during the opening comparison to the post-independence era of the late 19505 and suggested that we ceremony. Seated (L-R) are Tan Sri Dato’ Dr. Michael Yeoh (CEO, ASLI and President, FBNUK); YB have come full circle with participation in regional and international partnerships Dato’ Mah Siew Keong (Minister in the Prime Minister’s Department, Malaysia); and HE Dato’ Ahmad Rasidi Hazizi (Malaysian High Commissioner to the UK) such as the AEC and the TPPA. In concluding, he exhorted Malaysians to consider the values and principles that we extol domestically as these are reflected in our (Provost of the University of Nottingham Malaysia Campus) and Mr Richard Mckie bilateral as well as multilateral relationships, and to participate in today’s forum (Director of Group Business Development, BAE Systems) made up the panellists. with an open and optimistic mind about the long-term health of the Malaysia-UK They discussed about the importance of business relationships, the advantages relationship. Malaysia offered to UK businesses interested in penetrating the ASEAN market, institutional and educational ties between Malaysia and the UK. movement of Dato’ Mah Siew Keong (Minister in the Prime Minister’s Department, Malaysia) skilled labour as well as global competition for talent, and also cyber-security. spoke about “Driving Innovation through Economic Transformation” in his keynote address. Highlighting that Malaysia was ranked 33rd out of 143 countries in the Next. Datuk SK Lingam moderated the ASEAN Presentation entitled “Tapping into Global Innovation index, he assured the audience of Malaysia’s commitment Opportunities from the AEC”, which featured Tan Sri Dato’ Dr Michael Yeoh and to drive innovation through the 12 National Key Economic Areas as well as Mr Andrew Jeffreys (CEO, OBG) as speakers. The former gave an introduction of government-industry collaboration. He also shared on initiatives to strengthen the the AEC and Malaysia’s Chairmanship of ASEAN as well as an overview of the innovation ecosystem in the 11th Malaysia Plan and the 2016 National Budget’s ASEAN Connectivity Masterplan and ASEAN’s Post 2025 Vision before sharing focus on accelerating innovation that were expected to open up many possibilities on the interaction between ASEAN and the UK. and also Europe. The latter shared for partnerships between Malaysia and the UK. on business opportunities for UK companies in Malaysia specifically and also ASEAN generally. Subsequently, Ms Ng Yeen Seen (COO, ASLl and Senior Director, CPPS) moderated the CEO Roundtable on the topic of “Deepening Malaysia-UK The forum ended with Datuk SK Lingam thanking all the role-players, participants, Partnership — Where do we go from here?” Tan Sri AK Nathan (Executive sponsors and partners, and expressing hope for the next forum to receive as much Chairman and Group MD, Eversendai Corporation), Prof Christine Ennew if not more support.

11 WCES ROUNDUP IN LONDON

HRH Sultan Nazrin Muizzuddin Shah, former President Susilo Bambang, Tan Sri Jeffrey Cheah and President of Redstone Group Mr. Shen Feng (2nd from right) presenting a memento to the CEO of Asia H.E. Linda Dessau at the main table during the Royal Toast by Tan Sri Michael Yeoh. House Mr. Michael Lawrence, witnessed by Deputy Prime Minister of Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi, Tan Sri Michael Yeoh and Jeremy Wimble.

H.E. Zeng Peiyan , former Vice Premier of China and Chairman of the China Centre for International Prof. Dr. M. Din Syamsuddin, Tan Sri A.K. Nathan Elumalay, Mr. Jan Hng, Ms. Ng Yeen Seen, Mr. Economic Exchanges, Tan Sri Lee Kim Yew, YB Minister Dato’ Sri Liow Tiong Lai, Tan Sri Dr. Michael Lawrence, guests from China Embassy in London, Mr. Yaw Qi Hong, Dr. Jannie Chan and Dr. Jeffrey Cheah and H.E. Zhang Xiaoqiang former Vice Chairman of National Development & Reform John So during the Luncheon at the House of Lords. Commission, China during the Luncheon at the House of Lords.

Deputy Prime Minister of Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi presenting a sponsor Former Prime Minister of Pakistan H.E. Shaukat Aziz, former President of China-Britain Business Council memento to Dato’ Sri David Yeat, whilst H.E. Linda Dessau AM, Tan Sri Michael Yeoh, H.E. Susilo The Lord Powell of Bayswater KCMG and Vice Chairman of Nomura International PLC Sir Andrew Cahn Bambang Yudhoyono and Tan Sri Lee Kim Yew look on. KCMG speaking at the session on “China in the New World Economy - What is next for China and the World?’

The Duke of Yoke HRH Prince Andrew in a private meeting in Kensington Palace with HRH Sultan Executive Vice Chairman of China Institute for Innovation and Development Strategy Ambassador Wu Nazrin, Tan Sri Jeffrey Cheah and Dato Seri Liow Tiong Lai. Jianmin, Chairman of CIMB Group Dato’ Seri Nazir Razak, Chairman of UK-ASEAN Business Council Lord Davies of Abersoch CBE and CEO of China-Britain Business Council Mr. Stephen Phillips speaking at the session on “The Belt and Road: Moving Paradigm, Addressing Challenges and Realising Opportunities”.

Chaiman of Conservative Friends of the Chinese The Lord Wei of The Deputy Prime Minister presenting a memento to the CEO of Dato Seri Ooi Chean See greeting the Deputy Prime Minister of Shoreditch and Managing Director YTL Group Tan Sri Francis Yeoh Global Movement of Moderates Nasharuddin Isa while former Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi, whilst Mr. speaking at the session on “The Power of Business Networking: President of Indonesia Susilo Bambang Yudohyono looks on. Tan Koon Swan and Dr. Yan Lijin look on. Connecting the Diaspora - Promoting Entrepreneurial Growth”. 12 WCES ROUNDUP IN LONDON

Tan Sri Lee Kim Yew, Datuk S.K.Lingam, Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi and Tan Sri ASLI Chairman Tan Sri Dr. Jeffrey Cheah greeting the Former President of Indonesia H.E.Susilo Michael Yeoh. Bambang Yudhoyono, whilst Tan Sri Lee Kim Yew, Dr. Jonathan Choi and H.E. Ambassador Liu Xiaoming look on.

Dr. Elizabeth Lee, Dr. Jannie Chan, Ms. Jean Wong, HRH Sultan Nazrin Muizzuddin Shah, Dato’ Seri Tengku Dato Zafrul, Tan Sri Ramon Navaratnam, Dato Seri Nazir Razak, Mr. Charlie Humphrey and Ooi Chean See, YB Datuk Heng Seai Kie and Dr. Annie Koh. Mr. Max Say.

Dato’ Seri Nazir Razak having a light chat with Tan Sri Francis Yeoh, Ms Carli Paoli and Dato’ Neville From Left: Mr. Max Say, Tan Sri Dato’ Seri Lim Gait Tong, Tan Sri Jason Goh, Datuk Heng Seai Kie, Tan Green. Sri Dr Jeffrey Cheah and Tan Sri Ramon Navaratnam.

The Lord Sheikh of Cornhill delivering the Welcome Remarks From Left Mr.Bern Ong, Tan Sri Dr. Jeffrey Cheah, Tan Sri Ramon From left : Mrs. Janice Choi, Dr. Jonathan Choi, Tan Sri Lim Hock during the Luncheon at the House of Lords with Ambassador Zhou Navaratnam, Mr. Max Say and Mr. Jordan Heng. San, Puan Sri Karen Lim and Mr. Max Say. Wen Zhong Secretary General Boao Forum.

From left : Puan Sri Karen Lim, Mr. Max Say, Tan Sri Lim Hock Dr. Jannie Chan (Centre) chairing the WCES Women Entrepreneurs Tan Sri Michael Yeoh having a chat with Dato’ Paduka Timothy San, Dato’ Sri David Yeat, Dato’ Voon Tin Yow and Dr. Wang Roundtable. Looking on are Ms. Cheri Ong, Ms. Candice Ong Ong. Huiyao during the Luncheon at the House of Lords. (Left), Pro. Dame Julia King and Ms. Rosana Wong (Right).

13 ASLI HOSTS RUSSIA FOREIGN MINISTER

The Russian Foreign Minister, Dr. Sautov and Tan Sri Michael Yeoh with Tan Sri Tiong Hiew King and From left : The Deputy Foreign Minister, The Minister H.E. Sergey Lavrov, Dr. Sautov and Tan Sr Tan Sri Dr Koh Tsu Koon. Michael Yeoh.

Tan Sri Michael Yeoh presenting a memento to the Foreign Minister H.E. Sergey Lavrov. ASLI Senior Vice President Mr. Max Say, Dr. Sautov, H.E. Lavrov, Tan Sri Dr. Michael Yeoh and Dato Izat Emir. ASLI together with the Russian Business Council for Cooperation The Roundtable chaired by ASLI CEO was attended by leading with Malaysia hosted a Tea Roundtable for the Foreign Minister of Malaysian business leaders. They included the Chairman Russia H.E. Sergey Lavrov during his recent visit to Malaysia for of Rimbunan Hijau, Tan Sri Tiong Hiew King, the President of the ASEAN Ministerial Meeting. The Foreign Minister spoke about Perdasama Dato’ Izat Emir, the Managing Director of MKH Group and Russia’s Foreign Policy objectives and priorities including Russia’s Patron of REHDA Tan Sri Eddy Chen, former Minister Tan Sri Dr. Koh cooperation with ASEAN. The Minister elaborated on the economic Tsu Koon now Chairman of SEDAR Institute and Wawasan Education challenges facing Russia and business and investment opportunities Foundation. Also present were Russian Ambassador to Malaysia in Russia for Malaysian and ASEAN companies. He invited Malaysian and Chairman of the Russian Business Council for Cooperation with businessmen and investors to visit Russia and to learn more about Malaysia Dr. Sautov. opportunities in Russia.

The business leaders at the dialogue. Mr. Max Say, Dr. Sautov, Tan Sri Tiong Hiew King, Russia Trade Kenanga Investment Bank Executive Director, Megat Mizan Commissioner. Denney, Perdasama President Dato Izat Emir, Star Media Group Chairman Dato Fu Ah Kiow and MKH Group Managing Director Tan Sri Eddy Chen.

ASLI CEO SPEAKS IN BOAO FORUM CONFERENCE IN LONDON

ASLI CEO Tan Sri Michael Yeoh with Minister of Transport Dato ASLI CEO Tan Sri Michael Yeoh speaking in a Panel Discussion The Boao Forum London Conference dinner: The former Prime Seri Liow Tiong Lai and ED Development Chairman Dato Seri at the Boao Forum Financial Cooperation Conference in London. Minister of France and former President of Indonesia among the David Yeat at the Boao Forum Financial Cooperation conference Next to him is H.E. Zhang Xiaoqiang former Vice Chairman NDRC Keynote Speakers. in London. China.

The CEO of ASLI Tan Sri Michael Yeoh was invited to speak in the Financial Cooperation Conference organised by the Boao Forum for Asia in London. The Forum was also addressed by the Minister of Transport Dato Seri Liow Tiong Lai, China’s former Vice Premier and Vice Chairman of the Boao Forum H.E. Zeng Peiyan delivered the Keynote Address. Other speakers included the former President of Indonesia and former Prime Minister of France and Pakistan and the Presedent - elect of the Asia Infrastructure Investment Bank, Mr. Jin Liqun.

14 THE 20TH MALAYSIAN CAPITAL MARKET SUMMIT

Dato’ Sri , Minister in the Prime Minister’s Department arriving for the Special Tan Sri Ramon Navaratnam, Director, ASLI presenting a memento to Dato’ Sri Abdul Wahid Omar. Keynote Address accompanied by Tan Sri Michael Yeoh, CEO, ASLI. Looking on is Tan Sri Michael Yeoh. ASLI organised its 20th Malaysian Capital Market Summit with the The distinguished speakers who spoke at the conference are Mr. theme “Coping with Headwinds, Restoring Market Confidence” on P.K. Basu, Head of Malaysia Research & Chief ASEAN Economist, 5th November 2015 at The Pullman Kuala Lumpur City Centre Hotel & Macquarie Capital Securities Sdn Bhd; Mr. Michael Kurtz, Chief Asian Residences. This Annual Series of Malaysian Capital Market Summits, a Equity Strategist / Global Head of Equity Strategy, Nomura international landmark programme of the Asian Strategy & Leadership Institute (ASLI) Hong Kong Ltd; Puan Sri Fauzah Mohd Darus (wife of Tan Sri Abdullah aims to provide timely and reliable information and analysis to investors Ahmad), Chairman, lnstitut Kajian Politik & Ekonomi l former Editor-in- and market players. It is a high-level gathering of industry players, fund Chief, New Straits Times and former Special Envoy to United Nation; managers, investment analysts and research houses to feel the pulse of Mr. Euben Paracuelles, Executive Director / Senior Economist, South the Malaysian market, as well as to assess future strategic challenges and East Asia, Nomura International Hong Kong Limited; Tan Sri Dr. Lau opportunities. it will enable participants to feel the tempo of development Ban Tin, Director, B.|.G. Industries Berhad; Mr. Adhha Abdullah, CEO, and take stock of the market. Standard Chartered Saadiq Berhad; Mr. Shan Saeed, Chief Economist The Minister in the Prime Minister’s Department Dato’ Sri Abdul Wahid and Investment Strategist, lQl Group Holdings; Dato’ Dr. Mohd Nazri Omar delivered the Special Keynote Address on “Coping with Economic Khan Adam, Senior Associate Director / Head of Retail Research, Aflin Challenges: Impact on the Capital Market”. Dato’ Sri Abdul Wahid Hwang investment Bank Berhad; Mr. Fad’l Mohamed, Deputy CEO, Omar said that Malaysia’s banking system and capital market are now Maybank investment Bank Berhad; Mr. Teoh Kok Lin CFA, Founder / more resilient and able to withstand current economic uncertainties. He Chief Investment Officer, Singular Asset Management; Mr. Anthony also said the capital market had enabled savings to be more efficiently Dass, Chief Economist, AmBank Group; Mrs. Sheila Haiim, CEO,

From left to right: Dato Dr. Mohd Nazri Khan Adam, Senior Associate Director/Head of Retail From Left to Right: Mr. Euben Paracuelles, Executive Director/Senior Economist, SEA, Nomura Research, Affin Hwang Investment Bank Bhd, Mr Fad’l Mohamed, Deputy Chief Executive Officer, International (HK) Ltd, Tan Sri Ramon Navaratnam, Mr P.K. Basu, Head of Malaysia Research & Maybank Investment Bank Bhd, Mr Gan Kim Khoon, Director/Regional Head of Equity Capital Markets, Chief ASEAN Economist, Macquarie Capital Securities Sdn Bhd, Mr Michael Kurtz, Chief Asian Equity RHB Investment Bank Berhad, Mr Teoh Kok Lin, CFA, Founder/Chief Investment Officer Singular Asset Strategist/ Global Head of Equity Strategy, Nomura International Hong Kong Ltd. Management, Mr Anthony Dass, Chief Economist, AmBank Group. mobilised and utilised for capital formation. “This has enabled the Amanah Mutual Berhad; Mrs. Munirah Khairuddin, CEO, CIMB- Principal financing of critical public and private infrastructure, such as utilities, Asset Management Berhad; Dr. Tan Chong Koay, Founder, PHEIM transportation and telecommunication”, the Minister said at the Luncheon Asset Management Sdn Bhd; Dato’ Yusli Mohamed Yusoff, President, Address. He said many initiatives were undertaken by the Government, Malaysian Institute of Corporate Governance and last but not least, Mr. Bank Negara Malaysia and the Securities Commission to strengthen the Quah Ban Aik, Head, Corporate Monitoring 8. Complaint Management, financial system. Citing an example. he said the Financial Sector Master Minority Shareholders Watchdog Group. Plan which was launched in March 2001, set out broad strategies for the development of the financial sector over a 10-year period. The end Topics discussed were on Malaysia‘s Economic and Political Challenges objective was to evolve the financial system into one that was competitive, - lmpact on the Market from the Global and Regional Headwinds, resilient and dynamic. “We can never predict with certainty what will lmproving Market Confidence and Attracting More Funds into the happen in the future. But what we can do is to continue to strengthen our fundamentals, be it in the diverse structure of our economy, in the diverse Malaysian Market: What More Needs to be Done, Equity and Bond sources of government revenue, diversity in our export market, and the Market Outlook: Where is the Market Heading?, Tapping on Savings and strength of our banking system and financial markets”, he said. Retirement Funds - Future Prospects for Asset Management and Unit Trusts, Maximization ot Returns Through Proper Asset Allocation During Before concluding his speech, the Minister said that “We all have to do our the Crisis, and lmproving Corporate Governance and the Regulatory respective parts. We as a country and are not perfect and there are issues Framework to Enhance Shareholder Protection. we have to deal with. My request is for you to retain your professionalism and be constructive. It is my believe if we all were to play our respective About 130 participants attended the conference which was sponsored parts, we will come out of this current challenging period successfully. by Inter-Pacitic Securities and was supported by the Malaysian Alliance When that happens we will see Malaysia achieving our aspiration to be an of Corporate Directors. advanced economy in an inclusive and sustainable manner’.

Tan Sri Ramon Navaratnam presenting a memento to Puan Sri Fauzah Mohd Darus (wife of Tan Sri From Left to Right: Tan Sri Dr Lau Ban Tin, Director, B.I.G. Industries Berhad, Mr. Pong Teng Siew, Abdullah Ahmad) presented paper on behalf of Tan Sri Abdullah Ahmad. Head of Research, Inter-Pacific Securities Sdn Bhd, Mr Adhha Abdullah, CEO, Standard Chartered Saadiq Berhad.

15 SARAWAK BUSINESS & INVESTMENT SUMMIT

YB Datuk Amar Hj Awang Tengah Ali Hassan (centre) having a brief discussion with Tan Sri Dato Dr Tan Sri Dato Dr Michael Yeoh (left) presenting a token of appreciation to YB Dato’ Sri Dr Hj Wan Michael Yeoh (right) and Mr Prakash Chandran (left). Junaidi Tuanku Jaafar, Minister of Environment and Natural Resources.

Memento presentation to sponsors by YB Datuk Amar Haji Awang Tengah Ali Hassan, accompanied by Tan Sri Michael Yeoh. (L-R) Datuk Hj Zainal Abidin Hj Ahmad (Zeem Bhd); Datuk Abang Hj Abdul Karim Tun Abang Openg (Ta Ann Holdings Bhd); Mr Prakash Chandran (Siemens Malaysia); Tan Sri Michael Yeoh; Yb Datuk Amar Hj Awang Tengah Ali Hassan; Role-Players from Session 2 on “Sarawak Corridor of Renewable Energy: Powering the Future” (L-R) Ms Rebecca Ling (Sarawak Cable Bhd); Tan Sri Datuk Amar Wilson Baya Dandot (RECODA); Tuan Hj Hasni Hj Suhaili Mr. Prakash Chandran; Tan Sri Datuk Amar Wilson Baya Dandot; Tan Sri Datuk Amar Dr Hamid Bogo; (Pelita Holdings); Dato’ Paul Koon (Press Metal Bhd); Datuk Torstein Sjotveit (Sarawak Energy Bhd); Dato’ Mior Ahmad Baiti Mior Lub Ahmad (Bintulu Port Holdings Bhd); and Dato’ Richard Curtis (Cahya Mata Sarawak Bhd) Dato Hj Ismawi Hj Ismuni; and Datuk Torstein Sjotveit. ASLI organised the 2nd Sarawak Business & Investment Summit Baya Dandot (RECODA) gave a comprehensive update on SCORE themed “Sarawak Rises: Driving Diversified Growth” on 8th October while Datuk Torstein Sjotveit (Sarawak Energy) focused on energy 2015 at the Grand Margherita Hotel in Kuching. Supported by Ta being the driving force of development in SCORE. The final speaker Ann Holdings, Press Metal, Sarawak Energy, Siemens, Zecon, Mr Prakash Chandran (Siemens) spoke about C02 impact on energy Bintulu Port, Cahya Mata Sarawak, Sarawak Cable, RECODA, generation and Siemens’ goal to become CO2 neutral. Tan Sri Datuk Pelita Holdings, Institute of Management Sarawak and the Grand Amar Dr Hamid Bugo (Sime Darby) moderated the session. Margherita Hotel, the summit was attended by approximately 140 delegates. The third session was about “Tourism in Sarawak: The Home of Adventure”, which was moderated by Ms Mary Wan Mering of Sarawak The summit kicked off with a keynote from Dato’ Sri Hj Fadillah Hj Tourism Board. Mr Chew Chang Guan of Sarawak Convention Yusof. Minister of Works Malaysia which highlighted the Pan-Borneo Bureau highlighted MICE as an under-developed tourism revenue Highway and the Heart of Borneo projects. Session 1 on “Construction source while Mr Philip Yong of Sarawak Tourism Federation pointed and Infrastructure Development: Building for the Future” featured out that diversity must be recognised as many people make a trip for Dato‘ Richard Curtis (Cahya Mata Sarawak) and Tuan Hj Safri Hj multiple purposes. such as business together with sightseeing, eating Zainudin (Ministry of Infrastructure Development & Communications and shopping. Sarawak) in a panel discussion moderated by Ir Dr Dominic Ong Ek Leong (Swinburne Sarawak Research Centre for Sustainable Titled “Driving Manufacturing Growth: Attracting Investors & Benefiting Technologies). from ASEAN Integration”. Session 4 was moderated by Datuk Abang Haji Abdul Karim Tun Abang Haji Openg (SCCI). Mr Zabidi Mahbar The Opening Ceremony was held immediately after the first session (MlDA) gave an overview of investment inflow into the country, Tan Sri Dato’ Michael Yeoh. Chief Executive Officer and Director focusing particularly on Sarawak while Datu Salleh Sulaiman (BIMP- of ASLI highlighted several areas of priority for the State: 3Es EAGA Malaysia Business Council - Sarawak Chapter) questioned (Education, Environment, Employment); 3Cs (Competitiveness; how much opportunities flow to the private sector especially smaller Connectivity); and 3Is (lnclusiveness. Innovation & Integrity) in his players from the pie created by the government. Welcome Address. The final session moderated by Prof Dr Kopli Bujang (UNIMAS) was Datuk Amar Hj Awang Tengah Ali Hassan. Minister of Resource on “Revisiting Agriculture: The Future of Agro-Based and Plantation Planning and Environment II. Minister of Public Utilities. and Minister Industries.” Mr Ong Ewe Hock (DuPont) brought attention to land of Industrial Development Sarawak represented YAB Datuk Patinggi management and the need to balance development with the needs of Tan Sri Dr Hj Adenan Hj Satem. Chief Minister of Sarawak to deliver the local communities. Datu Lai Kui Fong (DOA Sarawak) highlighted the Opening Keynote Address, which touched on the government’s the need for inclusivity to ensure small holders benefit and address plans for the various key sectors of the State especially construction. the constraints of human capital. manufacturing. tourism and agriculture which are priority sectors under SCORE. The summit ended on a high note with the Closing Ceremony by YB Dato‘ Sri Dr Hj Tuanku Jaafar, Minister of Natural In Session 2 on “Sarawak Corridor of Renewable Energy: Powering Resources and Environment Malaysia. Tan Sri Dato’ Michael Yeoh the Future”. Datu Haji lsmawi Hj Ismuni (State Planning Unit) touched (ASLI) introduced the Minister, who in his Closing Address brought on the Sarawak Transformation Plan. Tan Sri Datuk Amar Wilson up the potential of women to contribute significantly to the economy.

Session 5 on “Revisiting Agriculture: The Future of Agro-Based Tuan Hi Safri Hj Zainudin, Ir Dr Dominic Ong Ek Leong and Dato’ Dato Salleh Sulaiman, Dato Abang Hj Abdul Karim Tun Abang and Plantation Industries.” (L-R) Mr. Ong Ewe Hock; Prof Dr Kopli Richard Curtis speaking on “Construction and Infrastructure Hj Openg and Mr. Zabidi Mahbar deliberating on “Driving Bujang and Dato Lai Kui Fong. Development: Building for the Future”. Manufacturing Growth: Attracting Investors & Benefiting from ASEAN Intergration”. 16 ASLI CO-ORGANISED PUBLIC LECTURE BY CHAIRMAN UNITED NATIONS DEVELOPMENT GROUP

Chairman of UN Development Group and UNDP Administrator Helen Clark with ASLI CEO Tan Sri The then IDFR Deputy Director General Ambassador Alimahtun, UNDP Chief Helen Clark, ASLI CEO Michael Yeoh at her lecture on the UN Sustainable Goals. Tan Sri Michael Yeoh and UNDP Resident Representative Michelle Gyles McDonough.

Deputy Foreign Minister Dato Seri Reezal Merican and UNDP Chief Helen Clark in a group photograph UNDP Chief Helen Clark (seated) with ASLI CEO Tan Sri Michael Yeoh, Deputy Foreign Minister Dato with IDFR and ASLI. Reezal Merican and UNDP Resident Representative Michelle Gyles McDonough. “Sustainable DeveIopment Goals: Key Considerations for a People Ms Clark explained that the goals are a bold, ambitious and universal Centred ASEAN” - was the subject of a Keynote Address by UNDP agenda. Development is something that applies to all countries, and Chief Helen Clark. not something that happens to someone else. somewhere else. While the Millennium Development Goals (MDG) were know for their In his Keynote Address, YB Dato’ Sri Reezal Merican bin Naina endpoints, such as ending poverty and child death, the new goals get Merican, Deputy Foreign Minister, stated the importance of into the “how”. This includes exploring issues of energy and reducing establishing a people oriented and centred Asia. He also mentioned pollution, she noted. that as chairman of ASEAN in 2015, Malaysia is focused on specific targets, such as good governance, transparency and sustainable The SDGs have been developed in a very inclusive way, Ms Clark development, so that better development in all ASEAN would be said. The process of reaching these goals has so far lasted about conceivable. 3 years. However, this has been at a high level, meaning that there is a great deal of ownership. However, she also noted that there Tan Sri Michael Yeoh, CEO, ASLI, who moderated the lecture, noted are, and will be five specific challenges in reaching the SDGs: (1) in his opening remarks that during her time as Prime Minister of Persistent inequalities and ongoing discrimination; (2) Jobs deficit New Zealand, Ms Clark oversaw great economic growth, low levels and its implications, particularly for youth: (3) Mounting environmental of unemployment, improvements in education and comprehensive challenges, including climate change, biodiversity loss, deforestation, action on climate change. and air, water, and soil pollution; (4) The impact of natural disasters; (5) Conflict. During her presentation, Ms Helen Clark outlined the goals and approaches laid out in the 30-page Sustainable Development Goals In closing, and before taking questions, Ms Clark reminded those in (SDG) document. She noted that if these measures were to be attendance that this is a big agenda. It will take a lot of political capital adopted, the world be a different place, and for the better. and will to achieve, but if we achieve it, there is no doubt the world will be a better place, she said.

ROUNDTABLE WITH THE WORLD BANK: SUSTAINED REFORMS NEEDED

The Asian Strategy & Leadership Institute (ASLI) organized a Roundtable Discussion with Dr. Sudhir Shetty. Chief Economist for East Asia and the Pacific of The World Bank Group. In his presentation. Dr. Shetty stressed that global economic outlook remains uncertain. China‘s growth likely to continue to slow and shift away from investment. US interest rates will likely rise soon affecting the cost and availability of capital. commodity prices will likely remain soft while trade growth remains slow. Navigating these uncertainties will require continued macroeconomic prudence in the short term and sustained structural reform in the longer term.

He also spoke about policy priorities for Malaysia - the need for continued macro-economic prudence. deepening of structural reforms. improving public sector performance. accelerating human capital development and reengineering economic growth including World Bank Chief Economist for East Asia Dr. Sudhir Shetty at an ASLI Roundtable on World Bank’s promoting services sector. He also emphasized the need to address Global and Regional Outlook chaired by ASLI CEO Tan Sri Michael Yeoh. skill gaps and removing bottlenecks in the regulatory environment.

17 CFO SUMMIT 2015

Y.B. Datuk , Deputy Finance Minister and Tan Sri Ramon Navaratnam, Director L-R: H.E. Vanu Gopala Menon, High Commossioner of Singapore; Tan Sri Michael Yeoh, CEO of ASLI; ASLI/ Chairman CPPS/SIF. Y.B. Datuk Johari Abdul Ghani, Deputy Finance Minister; Puan Seri Susan Cheah; Tan Sri Ramon Navaratnam, Director of ASLI. The CFO Summit 2015 ran smoothly as it did previous years, examining several key concern areas for finance leaders and managers in Malaysia. It was our honour to present the new Deputy Minister of Finance Malaysia ,Y.B Datuk Johari Abdul Ghani, who made his first public appearance as Deputy Finance Minister & keynote speaker in ASLI’s CFO Summit 2015.

The first session was Asian Economic and Market Outlook and Its Implications on CFOs and Finance Leaders was moderated byTan Sri Ramon Navaratnam Director, ASLI/ Chairman CPPS-ASLI and we were joined by Mr Shan Saeed Chief Economist / Investment Strategist, IQI Group Holdings and Dr Tan Seng Giaw Deputy Chairman, Public Accounts Committee.

Session 2 focused on Internal Collaboration as Sign of Perfect Governance and Mr Ravi Navaratnam EVP, Minconsult Sdn Bhd was the moderator and L-R: Tan Sri Michael Yeoh, CEO of ASLI; Y.B. Datuk Johari Abdul Ghani; Tan Sri Ramon Navaratnam, we had perspectives of the two top industries in Malaysia, Real Estate & Director of ASLI, Chairman of CPPS.

Our final session was a rare initiative to curb, educate and innovate the financial leaders of Malaysia. We were fortunate to have Mr Stanley Chia Group Managing Director & Chief Fraud Examiner, ICFE Group of Companies to conduct Mini Masterclass titled CFO as the Guardian against Corporate Fraud. It was one of the instances where delegates understood how things could easily slide past by them and the importance of vigilance.

The CFO Summit 2015 was attended by 80 delegates of financial background from top notch organisations in Malaysia.

Tan Sri Ramon Navaratnam, Director of ASLI, Chairman of CPPS. Dr Tan Seng Giaw, Deputy Chairman of Public Accounts Committee (PAC) Malaysia.

Transportation where he was joined by Dato’ Mohd Zahir Zahur Hussain Group Director, Finance, Prasarana Malaysia, Mr Siva Shanker CEO-Agency, PPC International Sdn Bhd and Ms Chan Shiao Mae Acting CFO, lproperty Group Malaysia.

Session 3 was focused on The Story on Corporate Sustainability where Mr Ravi Navaratnam EVP, Minconsult Sdn Bhd and Mr Ramesh Pillai Board Director & Board of Governors, Bank Simpanan Nasional & Institute of Enterprise Risk Practitioners chatted openly on why corporate sustainability is a must in L-R: Dato Mohd Zahir Zahur Hussain, former Group Managing Director of Finance, Prasarana Malaysia and the way forward. Malaysia; Mr. Ravi Navaratnam, Executive Vice President, Microsoft Sdn Bhd.; Mr Siva Shanker, CEO- Agency, PPC International Sdn Bhd; Ms. Chan Shiao Mae, Acting CEO, Iproperty Group Malaysia.

NATIONAL UNITY & ASLI CO-ORGANISED FORUM INTEGRATION SEMINAR ON US ROLE IN EAST ASIA (cont. from page 7) WITH US EMBASSY

Having explored the differences of youth electoral engagement and social- demographics characteristics of East Malaysians and those from Semenajung Malaysia in mainstream politics and nation building, Arthur Kurup, PBRS youth chief session’s revealed new facets and perspectives on Malaysian youth’s preference on multi-racial parties; acceptance of female Prime Ministers and the notion of seeing themselves as Malaysians. The effectiveness of Sabahan youth participation in politics and nation building if strategic measures are taken to address factors that have hindered positive developments within the socio-economic aspects.

Dr Paul Porodong, Senior Lecturer from the Universiti Malaysia Sabah proposed a definitive way forward to strengthen Sabah’s integration in Malaysia. Put simply, he engendered what he trust will prove a thoughtful debate about how best to develop a new model of de-centralisation that is needed to enhance Sabah’s autonomy as way forward.

The conference was concluded with a signing of a Memorandum of Understanding (MoU) between the Department of National Unity & Integration in the Prime Minister’s Department and ASLl on a research project to be undertaken in Sabah to develop a national action plan on Sabah. US Ambassador Joseph Yun, Tan Sri Ramon Navaratnam and the two speakers from USA & Korea.

18 2ND CPPS YOUTH PUBLIC POLICY ROUNDTABLE

Deputy Education Minister Senator Chong Sin Woon officiating the CPPS Roundtable. CPPS Chairman Tan Sri Ramon Navaratnam chairing the roundtable.

Focus group discussion. Group photograph of the participants with CPPS Senior Director Ng Yeen Seen.

To commemorate International Youth Day 2015 with the theme entitled ’Youth by Mr. Gan Ping Sieu, Co-Chairman of the Centre for A Better Tomorrow Civic Engagement’ and to promote young people’s effective leadership and (CENBET) and Mr. Lim Teck Hoe, Chief Executive Office of ideaspark which inclusiveness, the Centre for Public Policy Studies (CPPS) organised an event covered the topics of social-inequality, education, and national unity. Towards in which young people and young leaders voiced and discussed their concerns, the end of the focus group discussions, facilitators then presented findings and ideas and solutions for the issues afflicting their generation and the country as commentaries from the various youth leaders. Ms Wivina Belmonte, UNICEF a whole. The results of the event reflect the priorities of many young people. Representative to Malaysia, was amongst the commentators who provided An estimated 60 participants ranging from the student leaders, entrepreneurs, much valuable insight. politicians, and NGOs converged for a meaningful session of brainstorming and deliberation on issues faced by Malaysians in general. Participants discussed various issues relevant toward young Malaysians such as recognising that young people have the enterprise, resilience and optimism ASLl-CPPS Chairman, Tan Sri Ramon Navaratnam, provided the introductory to contribute to the prosperity of Malaysia. Barriers should be removed to allow remarks, while the keynote address was delivered by YB Senator Chong Sin participation of youths in politics. Discussion found that the aspirations and Woon, Deputy Minister of Education. A panel discussion comprising YB Yeo expectations of young people’s in terms of well-being and social belonging Bee Yin, Selangor State Assemblywoman for Damansara Utama, Mr. Kenny are perceived to be threatened by factors such as low wages, insufficient Goh, CEO of Macro Kiosk Berhad, and Mr lvanpal Singh Grewal, Political skills (un-employability), rising cost of living, unaffordable housing options. Secretary to YB. Dato’ Mah Siew Keong, Minister in the Prime Minister’s At the same time, they are afraid to speak out due to censorship, repression Department. The session was moderated by Ms Ng Yeen Seen, Senior Director and other constraints on freedom and civic rights. There were also concern of CPPS and COO of ASLl. for the development of democracy and protection of freedoms and Human Rights. There was also a great need for reforms, particularly rules for political Participants separated into three rotating groups for focus group discussions financing. Issues of transparency, accountability and strict controls on the led by the three panellist, deliberating issues in work competitive, human rights amount and origin of political donations are fundamental to ensure the viability and advocacy as well as good governance, integrity and political participation. of the Malaysian democracy. A second focus group discussion conducted in the afternoon was facilitated (Continue on page 23) TPPA ROUNDTABLE

Deputy Secretary General of MITI Dato Jayasiri addressing the Tan Sri Ramon Navaratnam presenting a memento to Dato Former Director General of Health Tan Sri Dr. Ismail Merican and roundtable. Jayasiri. MITI Senior DIrector Harjit Kaur. On 26 November 2015, the Asian Strategy & Leadership Institute (ASLI) and the was negotiated and why it was important for Malaysia to be included. He gave Centre of Public Policy Studies (CPPS) organised a roundtable discussion with explanations on several of the key issues behind the treaty and concluded by the theme, “What does the Trans- Pacilic Agreement (TPPA) mean for Malaysia?” asserting that Malaysia has a lot to gain joining the trade agreement. at the Royal Lake Club. The event was organised to review the benefits and impacts of the TPPA when Malaysia becomes part of it. Ms. Harjit Kaur also argued that the TPPA was in Malaysia’s best interest and explained how the country could benefit economically and that it would be a Approximately 50 participants attended the event comprising business leaders, mistake not to take part of it. Datuk Wira Jalilah Baba talked about the Regional academicians, and health experts, as well as various members of the media. Comprehensive Economic Partnership (RCEP), drawing parallels to how similar Among distinguished speakers were Datuk J. Jayasiri, Deputy Secretary it was to ASEAN and TPPA. She described the various advantages and showed General at Ministry of International Trade and Industry of Malaysia (MITI); Ms how Malaysians could benefits from both TPPA and RCEP. Tan Sri Dato Seri Harjit Kaur from MlTl; Datuk Wira Jalilah Baba from MICCl; Tan Sri Dato Seri Dr. Mohd lsmail Merican focused his presentation on the sensitive issue of the Dr. Mohd Ismail Merican from MAHSA University; and Prof. Rajah Rasiah from pharmaceuticals. He pointed out the challenges Malaysians might face and how University of Malaya. reforms will be necessary to prevent these risks. Professor Rajah Rasiah showed his concerns about some aspects of the agreement, as according to him, the Datuk J. Jayasiri delivered the opening keynote address giving participants an TPPA will not offer many opportunities as many believed as some sectors will be overview of what the TPPA encompassed, detailing the processes of how it confronted to new challenges.

19 TOURISM SUMMIT 2015

Ms. Elaine Kok welcoming Tan Sri Dr. Ong Hong Peng Secretary General, MInistry of Culture and Tan Sri Dr. Ong Hong Peng sharing his thoughts on advancing the tourism industry with Tan Sri Ramon Tourism accompanied by Tan Sri Ramon Navaratnam to the Tourism Summit 2015 Opening Ceremony. Navaratnam.

Tan Sri Dato’ Sri Dr. moderating the first session on “Malaysia and ASEAN-What the future Tan Sri Ramon Navaratnam (R) and Mr. Max Say (L) of ASLI sharing a few words with Tan Sri Dr. Ong holds for tourism post-AEC 2015”. with panellist Tan Sri Dr. Ong Hong Peng. Hong Peng.

The Tourism Summit 2015 themed “Connecting and Empowering Stakeholders” The third session on “Promotion - Maximising returns from tourism development” took place on 30th July 2015 at Sunway Puta Hotel in Kuala Lumpur. 150 people had Mr Reginald T. Pereira, President and CEO of Aariana Hospitality International comprising industry players, senior regulators, and prominent academics moderating the discourse with Prof Amran Hamzah of Universiti Teknologi participated in the summit, which was endorsed by the National Tourism Council of Malaysia, Mr Robert Basiuk of Borneo Adventure and Mr K. Mohanachandran Malaysia (NTCM), the Kuala Lumpur Tourism Association (KLTA), TTG Asia Media, of Rimba Mulia concerning value creation, market segmentation and challenges Oxford Business Group, Aariana Hospitality lnternational, and The Business Year. from internal and external stakeholders.

Tan Sri Ramon Navaratnam, Chairman of ASLl-CPPS warmly welcomed the Tuan Hj Mohd Taib Wahab moderated the fourth session entitled “Innovation distinguished guests and delegates. In his welcoming remarks, Tan Sri Ramon - Thinking out-of-the-box in tourism.” The rise of stay-cation, creative highlighted several push and pull factors that he hoped the summit would discuss, marketing using the internet, and a mind-set of looking at problems and pain as well as strategies to attract higher net worth visitors. points as opportunities to innovate were examined by the panel comprising Mr Vedanarayanan V., Head of Marketing from Stayzilla in India; Mr Prashant Tan Sri Dr Ong Hong Peng, Secretary-General of the Ministry of Tourism and Pathmanaban, Head of Technology, Telecommunications and Tourism of Google Culture Malaysia delivered the opening keynote address on behalf of his minister, Malaysia; Ms Jenny L. Shabudin, Chairman of the Tourism Focus Group from the Dato’ Seri . He called upon all stakeholders to help in Malaysian International Chamber of Commerce and Industry; and Mr Raj Kumar, formulating and implementing strategies in the areas of efficiency, connectivity, Vice President of Global Consulting from UCSI Consulting Group. sustainability and technology as the government focuses on attracting higher net worth tourists from medium haul markets. Session five was on “Sustainability - A joint responsibility in greening tourism.” Mr Anthony Wong, Group Managing Director of Asian Overland Services Tours Session one was on “Malaysia and ASEAN - What the future holds for tourism and Travel moderated the panel with YB Elizabeth Wong, Selangor State EXCO post-AEC 2015?” Tan Sri Dato’ Sri Dr Ng Yen Yen, former Minister of Tourism and for Tourism, Consumer Affairs and the Environment; Mr Sam Cheah, President former Chairman of Tourism Malaysia moderated the panel comprising Tan Sri of the Malaysian Association of Hotels; and Dr Vikneswaran Nair, Programme Dr Ong Hong Peng; Tuan H] Mohd Taib Wahab, Deputy President of NTCM and Leader for the Responsible Rural Tourism Network from Taylor’s University. Mr Aaron Chia, Executive Vice President of Resorts Operations from Genting They scrutinised the government’s role in enforcement of regulations and Malaysia. They deliberated on the potential for ASEAN to benefit its member empowerment of local communities, initiatives such as the “Green Building states, as well as problems such as political unrests, haze and opportunities from Index” and “Value Food, No Waste Campaign” and the rise of responsible the sharing economy and big data. tourism.

Session two entitled “Connectivity and Infrastructure - The lifeblood of tourism” was In the final session entitled “Collaboration with Other Industries - Building bridges moderated by Mr Edward Clayton, Senior Executive Director of PwC Consulting in niche tourism”, Mr Edward Clayton moderated the dialogue about medical Associates. YB Datuk Hj Talib Zulpilip, Assistant Minister of Tourism Sarawak; tourism, culinary tourism and shopping tourism with Ms Sherene Azura Azli, Dato’ Sri Azharuddin Abdul Rahman, Director General of Civil Aviation Malaysia; CEO of Malaysia Healthcare Travel Council; Dato’ Dr Chan Kok Ewe, Medical Mr Mohamed Sallauddin, General Manager of Marketing from Malaysia Airports Director of Island Hospital; Dr Souji Gopalakrishna Pillai, Head of the School of Holdings and Ms Aude-Lise Combier, Country Manager of Air France-KLM made Hospitality and Tourism of HELP University and Mr Kevin Tan Gar Peng, COO of up the panel which discussed about passenger facilitation; flight scheduling, Sunway Shopping Malls. airline alliances and open skies; and airport infrastructure development.

Mr. Sam Cheah looking on as YB Elizabeth Wong, Selangor State Exco shared her thoughts on the topic The roleplayers for session two on “Connectivity & Infrastructure - The Lifeblood of Tourism” of “Sustainability - A Joint Responsibility in Greening Tourism.” Left to Right - YB Datuk Hj Talib Zulphilip, Assistant Minister of Tourism, Sarawak; Dato’ Sri Azhanuddin Abdul Rahman, Director-General of Civil Aviation Malaysia; Mr. Edward Clayton, Senior Executive Director of PWC Consulting Associates; Mr. Mohamed Sallauddin, General Manager, Marketing, Malaysia Airports Holdings; and Ms. Aude-Lise combier, Country Manager of Air France-KLM. 20 CPPS EDUCATION ROUNDTABLE

On 19 August 2015, CPPS held back-to-back Roundtable Discussions (RTD) by Puan Hajah Zalihar Binti Abdul Ghani, Director, Technical and Vocational on issues relating to the state of Malaysia’s Education System at the Malaysian Division, Ministry of Education; Mr. Yusoff Bin Md Sahir, Managing Director, Houses of Parliament (Bangunan Parlimen). Malaysian German Institute; and Celia Yeo - Education Services Director for South East Asia, Victorian Government Business Office. The first RTD covered the issue of raising the quality of graduates in Malaysia and improving their employability and standard of English. It featured panel Some key takeaways from the session were that: presentations by Mr. Davies Danavaindran, Vice President, Federation of r$SJUJDBMUIJOLJOHBOEIJHIFSPSEFSUIJOLJOHTLJMMT )054 OFFEUPCFJOTUJMMFE Malaysian Manufacturers; Ms. Alice Phang, Group HR Director, Sunway across the whole education sector and begin from when a child first enters Resort Hotel & Spa; Dr. Malini Eliatamby, Vice-President (Teaching Learning the system; Innovation) & Deputy Vice Chancellor (Academic Innovation), lNTl Education Group; and Datuk Eric Chong, CEO/Founder Erican Education Group. r57&5SFQSFTFOUTPOFPGUIFLFZGBDUPSTGPSGVUVSFFDPOPNJDHSPXUI JO Malaysia. However, it continues to be viewed as a ‘blue collar’ career path Some key takeaways from the session were that: - as emphasised through lower wages than those with traditional academic r$SJUJDBMUIJOLJOHBOEIJHIFSPSEFSUIJOLJOHTLJMMT )054 OFFEUPCFJOTUJMMFE qualifications. Changing this perception must be a key focus; across the whole education sector and begin from when a child first enters the system; r5IFQSPNPUJPOPG57&5NVTUCFBDDPNQBOJFECZBDBNQBJHOUIBUIJHIMJHIUT it as a genuine and desirable career pathway that instils essential skills and r .FSJUPDSBDZ  XJUI BO BDLOPXMFEHNFOU PG  BOE BEIFSFODF UP FRVBMJUZ PG values in students; opportunity, should form the basis on which the education sector is built; r'JWFBQQSPBDIFTGPSBTVDDFTTGVM57&5TZTUFNGSPN"VTUSBMJBDBOQSPWJEFB r$POUSBTUJOHUSBKFDUPSJFTXJUIOFJHICPVSJOHDPVOUSJFTSFJUFSBUFUIFOFFEGPSB template model to be used in Malaysia: investment or funding (predominantly greater focus to be put on the study of English. Not only should English be government funded, but companies and individuals also contribute); quality taught from Pre-School, as fluency is easier to achieve through immersion at providers (training primarily conducted by private sector); quality assurance; a young age, but university English tests should be tightened so as ensure industry engagement and portability; higher standards; r5SBJOJOHRVBMJGJDBUJPOTTIPVMECFEFWFMPQFECZHPWFSONFOUJODPOTVMUBUJPO r5IFTLJMMTNJTNBUDICFUXFFOXIBUHSBEVBUFTDBOEPBOEXIBUGJSNTFYQFDU with industry, and industry input should recommend for occupational them to do should be addressed through closer contact and collaboration competencies in each qualification as they are best placed to know the between firms and universities. This could include career talks, campus strengths and deficiencies of TVET graduates; partnering, industrial partnering and the promotion of early internships. r57&5DBOOPUCFTFQBSBUFEGSPN&OHMJTI BOEXIJMFUIJTJTUIFNFEJVN PG The second RTD focused on Technical Vocational Education and Training instruction in most vocational colleges, making students internationally (TVET) as a way to raise labour productivity. It featured panel presentations employable, should be of utmost concern.

CPPS MALAYSIA DAY: PUBLIC FORUM ON MALAYSIA 52 YEARS ON

The public forum started with Mr Lim Chee Wee, Co-President of the Centre agonise over the problem. He felt that there could never be ‘one’ Malaysia for a Better Tomorrow (CENBET) and Tan Sri Ramon Navaratnam, Chairman due to the multitude of differences— a result of the integration of numerous of the Centre for Public Policy Studies (CPPS) welcoming the 60 participants. civilizations in Malaysia. In closing, he suggested for policies to be need-based instead of race-based. As moderator, Tan Sri Ramon shared some personal experience in his introduction of the topic of discussion. He portrayed the spirit of euphoria Mr Premesh Chandran, the CEO of Malaysiakini acknowledged the difficulty present in Malaysia when it first became independent and urged the audience in achieving national unity in many countries around the world. The biggest to focus on lessons that can be learnt from past mistakes and steps that can be hindrance is the urban-rural divide rather than the racial divide. Barisan taken to rectify them to recapture the spirit of unity. Nasional’s “New Economic Policy” and “Wawasan 2020” were good initiatives towards national unity, but moving forward. the future problem solvers would The first speaker, Mr Gan Ping Sieu, Co-President of CENBET challenged our young people who challenge the system rather than those who try to Malaysians’ perspectives on identity. He argued that we should not allow succeed within the system. He stressed that financial aid should be given to ourselves to conform to a single identity as we have various identities young people to produce revolutionary ideas, even if the ideas cause conflict, according to nationality, religion, ethnicity, family et cetera. Identity should if we were to truly become ‘sehati sejiwa‘. depend on context - the purpose and reason of a situation. He also reminded fellow Malaysians not to be obsessed with their identities but instead to put the After the speakers shared their thoughts, the public was invited to join in the country’s interests first while celebrating unity in diversity. discussions, which centred on issues hampering national unity and how we could truly achieve ‘sehati sejiwa’. Mr Jahabar offered three suggestions: (1) Mr Khairil Azmi Hasbie, Former Chair of the Sarawak Law Association spoke getting out of our comfort zone to talk to strangers, (2) writing more about the about the strained relationship between Sarawak and Sabah with Peninsular issues in Malay, and (3) getting into groups to keep our MPs accountable. Malaysia, likening it to a failed marriage. He lamented the loss of status and Mr Khairil stressed on the need to create awareness in young people that the multitude of unfulfilled promises from the federal government, which has holding the government accountable is not a crime but rather a duty for every resulted in a wave of cynicism impeding national unity. He explained that Malaysian. Mr Premesh proposed for various professions to create foundations Malaysians have been taking a passive stance on these issues, and called for sponsoring education for needy young people, especially those from a different greater urgency in addressing them. race to break down racial stereotypes which is our biggest enemy. Mentorship and financial aid are valuable in generating multiplier effect in helping the poor. Mr Jahabar Sadiq, Chief Executive of The Malaysian Insider agreed on the Tan Sri Ramon was in favour of this idea and offered a donation to kick start issue of identity but felt that they were more pressing matters, namely Prime such foundations. Ministers overstaying their welcome through various policies to help pro- govemment supporters. He also highlighted the lack of constructive comments The forum ended on a positive note with optimism that we can have a better, on social media, where much poisonous content can be found which are more united Malaysia if Malaysians stood up to reclaim our country by being reflective of the anger of the people. The solution is to act on rather than to proactive to take the first step instead of waiting for others.

THE 10TH ASIA ECONOMIC SUMMIT (cont. from page 10)

The one-day summit covered various sessions. These included “Asia’s New Vice President, Office of Business Development, Singapore Management Geopolitics and Geoeconomics in a Changing Environment”, “Asia’s Business University (SMU); Mr. Edward Clayton, Senior Executive Director, PwC Survival Strategy - How to Align Your Business Strategy to Cope with the New Strategy& (Malaysia) Sdn Bhd; Mr. Ong Ewe Hock, Managing Director, DuPont Normal in Asia: Turning Challenge into Opportunity”, and last but not least Malaysia Sdn Bhd; Mr. Stuart Dean, Senior Advisor, ASEAN Advisory Pte Ltd; “China‘s Economy: Crisis or Opportunity”. Dato’ Abdul Majid Khan, President, Malaysia—China Friendship Association / former Ambassador to China; Prof. Dr. Hoo Ke Ping, Director, Regionhub Among the distinguished speakers who spoke in the summit are Dr. Ulrich Engineering Sdn Bhd / Independent Macro Consultant; and last but not least Zachau, Regional Director for South East Asia, The World Bank Group; H.E. Dr. Cheong Kee Cheok, Senior Research Fellow, Faculty of Economics and Ambassador Joseph Yun, Ambassador of the United States to Malaysia; H.E. Administration, University of Malaya. Ambassador Dr. Makio Miyagawa, Ambassador of Japan to Malaysia; H.E. Judith St. George, High Commissioner, High Commission of Canada; Ms. Anita About 120 participants attended the summit which was sponsored by Siemens Prakash, Director-General (Policy Relations), Economic Research Institute for Malaysia Sdn Bhd as Strategic Partner; Corporate Partner - the Hong Kong ASEAN & East Asia (ERIA) Indonesia; Prof. Dr. Lee Poh Ping, Senior Research Economic & Trade Office; and Associate Sponsor - The University of Nottingham. Fellow, Institute of China Studies, University of Malaya; Professor Annie Koh,

21 STRATEGIC ISSUES FORUM - POST BUDGET 2016 DIALOGUE

Deputy Finance Minister Dato Chua Tee Yong officiating the Strategic Issues Forum on the 2016 Ma. Pauline Lum, PriceWaterhouseCoopers, Dato Dr. Sundram Annamalai, Tan Sri Ramon Budget. Navaratnam and Prof. Lee Hwok Aun.

Dr. Lee Hwok Aun of University of Malaya with Dato Jalilah Baba President of MICCI. Tan Sri Ramon Navaratnam presenting a memento to Ambassador Kesavapany.

In Budget 2016, the government faced pressure to implement PWC deliberated the speech and provided insights of what the budget measures to mitigate the effects of falling commodity process, the could hold for business experts and individuals for 2016. depreciating ringgit and other external economic challenges. There are also challenges in relation to developing measures to alleviate Overall conclusion was that there is consensus that it has been very pressure caused by the rising cost of living. With this in mind, CPPS, tough Budget to design, which overall come out very well and is CMR & SIF of ASLI organised The Post Budget 2016 Dialogue quite balanced. The Budget managed to address its targets of good exclusively for the members to further understand the budget and the growth of 4-5%, inflation rate of 2-3% which is valuable targets that benefit for Rakyat. We were honoured to receive YB Datuk Chua Tee need to be adhered to. However, it was obviously a popular budget Yong, Deputy Finance Minister of Malaysia to open and provide the as there were no increases in taxation, apart from toward the higher keynote titled: A People-Centric Budget: What Does This Mean for income group, which makes it a more progressive budget which has the Rakyat? YB Datuk Chua made himself available for a quick Q & A been generally welcomed. There are also a lot of reliefs, where a with the panellist as well as audience as there were several burning great deal is allocated to improve the welfare of the lower income questions that has to be extinguished such as GST implementation group. However, because this is the first year of the last Malaysia and further more. Plan towards Vision 2020, there were expectations for more structural changes, such as the adoption of the New Economic Model. There is Following the Q & A, panels of experts comprising Y.Bhg. Dato’ Dr. also a need to look at the Budget in its overall context on issues such Sundaran Annamalai, Deputy Secretary General (Policy) Ministry as transparency and corruption. The dialogue was well received and of Finance, Datuk Jalilah Baba, President of Malaysia International the exclusive attendees were happy with the takeaway that they could Chamber of Commerce & Industries (MlCCl), Dr Lee Hwok Aun, examine further as the year goes by. University of Malaya and Ms. Pauline Lum, Executive Director of STRATEGIC ISSUES FORUM - THE AFTERMATH OF SINGAPORE’S 13TH GENERAL ELECTIONS With the 13th Singapore General Election concluded, ASLI along with schedule to enlighten us on what transpired during pre & post-election CEO Malaysia RoundTabIe (CMR) & Strategic Issues Forum (SIF) day. Tan Sri Ramon Navaratnam, Chairman of SIF & Tan Sri Michael organised “ The Aftermath of Singapore’s 13th General Elections” Yeoh, Chairman of CMR was present to introduce and facilitate the Q on 30th September 2015 for half day at the Bankers Club . We were & A in this intimate roundtable. This one-off roundtable was attended honoured to receive Ambassador K. Kesavapany, former Singapore by 40 top business & thought leaders along with ambassadors and High Commissioner to Malaysia and Adjunct Professor at Lee Kuan high commissioners to Malaysia. Yew School of Public Policy Singapore who took time off his busy

Tan Sri Michael Yeoh, Dato Robert Teo, Singapore High Commissioner Vanu Gopala Menon, Dato Robert Teo, Tan Sri Ramon Navaratnam, South Africa High Commissioner and Ambassador Ambassador Kesavapany and Tan Sri Ramon Navaratnam. Kesavapany.

22 URBAN TRANSPORTATION FORUM

Tan Sri Michael Yeoh, CEO, ASLI; Mr. Azharuddin Mat Sah, CEO SPAD; Ms. Jean Wong, Senior Left to Right: Mr. Kanesan Veluppillai, President & CEO Scomi International & Scomi Engineers; Mr. Advisor, ASLI. S.M. Sabri, EVP (RGD) Project Development, Prasarana Negeri Sdn. Bhd.; Mr. Yuslizar Bin Daud, Head of Rail & MRT Division, SPAD.

Left to Right: Prabhu Menon, Programme, Sales & SIF Director, ASLI; Mr. Veejendran Ramdas, Head Left to Right: Mr. Azharuddin Mat Sah, CEO, SPAD; Tan Sri Michael Yeoh, CEO, ASLI; Mr. Peter Phang, of Logistics Ministry of Transport; Puan Seri Susan Cheah; Ms. Jean Wong, Senior Advisor, ASLI. Area Manager Buses & Coaches, Scania Southeast Asia.

Given the two major players of the industry was SPAD & MOT, we were honored to gain YBhg. Tan Sri Dato’ Seri Dr Syed Hamid Bin Syed Jaafar Albar, Chairman, Land Public Transport Commission (SPAD) for the Luncheon Keynote. Due to unforeseen circumstances, Y.Bhg Dato Seri could not join us but nominated Mr Azharuddin Mat Sah, the new CEO of SPAD and former Director National Key Economic Area - Greater KL/Klang Valley & National Key Results Area - Urban Public Transport, (PEMANDU).

The Session after lunch focused on the accompanying idnsutries that has been beenfiting from the launch of these integrated transporation models. The title for Session three was How MRT, LRT & BRT can provide the needed quantum leap for the values of Real Estate & Commercial properties nearby. Left to Right: Mr. Gunaprasath Bupalan, Executive Director, Terra Value Sdn. Bhd. & Organising Chairman of The Malaysian Property Press Award; Dr. Daniele Gambero, CEO, REi Group of We had 3 major industry players ; Dr. Daniele Gambero Chief Executive Companies; Mr. Siva Shanker, Immediate Past President, Malaysia Institute of Real Estate Agents. Officer, REI Group of Companies , Mr Siva Shanker Immediate Past President, Malaysian Institute of Estate Agents and Mr Gunaprasath Bupalan Executive Director, Terra Value Sdn Bhd and Organizing Chairman, The Malaysian Property Press Awards who provided the crowd with the current landscape of real estate & commercial properties that is gaining growth due to these intiatives.

The final session before Closing Keynote was on Planning future extensions and networks to increase capacity exponentially - how does the taxis, buses and rail work together in cities and towns of Malaysia. Mr Jasbinder Singh, Director of PSI Incontrol joined us a moderator and the panellist were Ms Nina Teng, Vice President of Public Affair, MyTeksi Sdn Bhd ,Mr Mustapha Kamal Zulkarnain, Founder & Executive Director, KL Electric Vehicles Sdn Bhd Ir Lee Left to Right: Mr. Nur Ismal Mohd Kamal, CEO, MyHSR Corp.; Mr. Shan Saeed, Chief Economist / Choy Hin Managing Director G&P Highway and Transportation Sdn Bhd. Investment Strategist, IQI Group; Mr. Ho Chin Soon, Director of Ho Chin Soon Research. The closing keynote was on 11th Malaysian Plan on public transportation The Urban Transportation Forum by Asian Strategy & Leadership Institute with improvement. Y.B Datuk Seri Liow Tiong Lai Minister of Transport Malaysia the theme’ Strategising & Enhancing the Malaysian urban public transport” was represented by Mr Veejendran Ramdas, Head of Logistics of Ministry of was held on 6th of October 2015 at Sunway Putra Hotel Kuala Lumpur. The Transport to read out the closing speech on his behalf. event was well received and attended by 90 senior managers & directors of the transport industry from various segments and gained Scania South East Asia as the corporate sponsor. 2ND CPPS YOUTH PUBLIC The event started off with Session 1 Let’s Get The Perspective Right: Challenges and issues of urban transportation system to meet the need of POLICY ROUNDTABLE growing cities of Malaysia & special insight into the KL Singapore High Speed (cont. from page 19) Rail as the new game changer was moderated by Mohd Nur Ismal Mohamed Kamal CEO, MyHSR Corporation Sdn Bhd, the former CEO of SPAD. Panellist Malaysia has to commit itself to protecting Human Rights if it wants to be invited were Mr Goh Bok Yen, Traffic ConsultantMAG Technical & Development recognised as an advanced country at the forefront of civilisation. For this Consultants Sdn Bhd Mr. Shan Saeed Chief Economist/ Investment Strategist, purpose, educating the Malaysian people about Human Rights as inherent IQI Group Holdings Mr. Ho Chin SoonDirector, Ho Chin Soon Research and and inalienable guarantees protecting all human beings is crucial. Education Mr Peter Phang,Area ManagerBuses and Coaches, Scania Southeast Asia. is the greatest equaliser and as long as access to quality education remains The next session was on Shaping and structuring Malaysia’s integrated rail unequal, Malaysia will be unable to achieve the goal of being a society in planning - The start of new modern rail transit where Mr. Kanesan Veluppillai which everyone has the same opportunities to succeed in life. National Unity President & CEO Scomi International, Scomi Engineering Bhd kindly joined us remains a weak spot of Malaysia. There is a strong perception among the youth as moderator and the invited panellist were Mr. David Starbuck Head of Rail that, for all the official talk on National Unity, there are many laws and policies Design Opus International Consulting (M) Bhd, Mr. S.M. Sabri Ismail Executive that in fact provoke disunity because they exacerbate racial and cultural fault Vice President (R&D, Project Development Div) Syarikat Prasarana Negara lines. in other words, the institutionalised racism practised by the government Berhad and Mr.Yuslizar bin Daud Head of Rail & MRT Division Land Public undermines efforts to achieve a harmonious, cohesive society with a unified Transport Commission (SPAD). national identity.

23 WORLD CHINESE ECONOMIC SUMMIT PICTORIAL HIGHLIGHTS

ASLI Chairman Tan Sri Dr. Jeffrey Cheah having a light chat with H. E. Zeng Peiyan, former Vice Premier of China and Chairman of Tan Sri Michael Yeoh having a chat with Deputy Prima Minister of H.E. Susilo Bambang Yudhoyono at the Patron’s Welcome Dinner and the China Centre for International Economic Exchanges delivering the Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi. Lifetime Achievement Awards Conferment Ceremony. Luncheon Keynote Address, whilst Tan Sri Michael Yeoh looks on.

Dato Seri Nazir Razak having a chat with Deputy Prime Minister of Malaysia Y.A.B. Dato’ Seri Dr. Ahmad Zahid Hamidi whilst YB Dato’ Sir Sherard Cowper-Coles representing Mr. Stuart T. Gulliver, Dr. Gerard Lyons representing Mayor of London, Boris Johnson Sri Liow Tiong Lai, Datuk Seri Mohamed Iqbal Rawther and Tan Sri Dr. Group Chief Executive of HSBC Holdings PLC receiving the Lifetime receiving the Lifetime Achievement Award for Civic Leadership. Jefrrey Cheah looks on. Achievement Award for Leadership in Global Banking.

Distinguished Panellists of the session: The Belf and Road: Moving Paradigm, Addressing Challenges and Realisisng Opportunities: Co- Esteemed Panellists of the session: China in the New World Economy Chairman, China-Pakistan Economic Corridor Council Dr. Yan Lijin, - What is next for China and the World? Dr. Frank-Jurgen Richter Director of Kokoda Capital Group Mr. Michael A. Johnson, Chairman of Dr. Geoffrey Chow presenting the WCEF Compendium 2009-2014 book to Chairman of Horasis, Mr. Rajiv Biswas, Senior Director and Asia-Pacific Chinese International Economic Cooperation Association Mr. C.Y. Wang YB Dato’ Sri Liow Tiong Lai, Whilst The Rt Hon Lord Howell of Guildford Chief Economist, IHS Global Insight and Mr. Charles Tang, Chairman of and Senior Advisor of China Daily Asia Pacific Mr. Alexander Wan. and Sir Paul Judge look on. Brazil-China Chamber of Commerce & Industry.

Chair of the China National Committee for Pacific Economic Cooperation Ambassador Tang Guoqiang having a light chat with Sir Paul Judge, COO Ms. Ng Yeen Seen and Mr. Edmond Yeo JP with the Asia House Mr. Edmond Yeo JP, Ms. Janet How, Datuk Heng Seai Kie, Ms. Ng Yeen Alderman of the City of London and Founder of Judge Business School team, ASLI team and WCES Volunteers. Seen, Ms. Amy Wong, Mr. Max Say, Mr. Jordan Heng and Mr. William Cambridge University. Lye at the Appreciation Dinner for WCES.

WCES Senior Programme Director / COO of ASLI Ms. Ng Yeen Seen and Co- Mr. C.Y. Wang former Chairman China Steel Corporation speaking at the session. Mr. Tan Sein-Way, Dr. John So, Tan Sri Michael Yeoh, Prof. Dr. Kriengsak Head, Conference Admin of ASLI Ms. Janet How. The Belf and Road Moving Paradigm, Addressing Challenges and Realising Chareonwongsak and Dr. Elizabeth Lee at the Patron’s Welcome Dinner and Opportunities. Looking on are Dr. Yan Lijin and Mr. Michael A. Johnson. Lifetime Achievement Awards Conferment Ceremony.

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