BeritaOCTOBER - DECEMBER 2019 BousteadFor internal circulation only Boustead Board Retreat 2019 initiates pg 3 the first step to restore Group’s success Leading with Emotional Intelligence Programme pg 7 Farewell Luncheon for Dato’ Shoib Abdullah HAPPY NEW YEAR 10pg Boustead Cares Volunteer Programme 13pg – Fun English 2 MANAGING DIRECTOR'S MESSAGE Perutusan Pengarah Urusan HAPPY Warga Boustead sekalian, Tahun 2019 telah berlalu dan kita kini berada di awal tahun 2020. Setiap daripada kita telah menempuhi satu tahun yang sungguh bergolak. Namun, tidak kira sama ada pengalaman yang kita alami itu baik atau buruk, ianya mampu menjadikan kita lebih cekal dan bersedia untuk menghadapi tahun 2020. Terima kasih kepada semua warga Boustead atas usaha berterusan anda bagi memulihkan Kumpulan. Dear Bousteadians, Seperti yang anda sedia maklum, buat pertama kali dalam tempoh 17 tahun, Kumpulan Boustead We have bid goodbye to 2019 and are now at the mencatatkan kerugian sebanyak RM388 juta pada tahun beginning of the year 2020. Each of us has indeed 2018 walaupun Kumpulan memperolehi pendapatan weathered through a turbulent year. But whatever sebanyak RM10.2 bilion pada tahun yang sama. Ini experiences we have gone through, good or bad, disebabkan oleh jumlah hutang terkumpul yang tinggi, this will only make us stronger and more prepared aliran tunai yang mengecil, isu-isu lama yang diwarisi, as we face 2020. Thank you to everyone in the persepsi pasaran terhadap Boustead, serta keadaan Boustead Group for their dedicated efforts towards pasaran yang mencabar dan masalah ekonomi negara turning the Group around. secara umumnya. As you may know, for the first time in 17 years, the Bagi mengatasi saat-saat yang mencabar ini, kita semua Boustead Group recorded a loss of RM388 million di Kumpulan Boustead perlu melakukan perubahan in 2018; although the Group delivered a revenue dengan mencari jalan baharu yang lebih baik dalam of RM10.2 billion in the same year. This was mainly menunaikan tugas dan tanggungjawab kita kepada due to high accumulated debt, shrinking cashflow, syarikat tidak kira sebesar atau sekecil manapun. legacy issues, market perception of Boustead, as well as challenging market conditions and economic Meskipun tidak mudah untuk mengatasi pelbagai cabaran headwinds in general. yang sedang kita hadapi, yakinlah bahawa sebagai sebuah organisasi yang telah lama bertahan menghadapi In order for us to overcome these trying times, all of ujian masa dan menempuh pelbagai kesukaran, kita us in the Boustead Group have to embrace change mampu untuk meningkatkan prospek perniagaan secara by finding new and better ways to fulfil our duties bersama bagi masa depan yang lebih cerah. and responsibilities to the company - no matter how big or small. Kita mestilah percaya bahawa kita mampu untuk mencapainya, dengan syarat kita semua bekerjasama. While it will not be easy in light of the headwinds we Bagi tujuan ini, pihak syarikat mengharapkan sokongan are facing, we are confident that as an organisation serta kerjasama yang berterusan daripada anda semua that has withstood the test of time and navigated untuk memperkukuhkan Kumpulan kita, bersama-sama through many storms, we will be able to improve sebagai satu pasukan. our business prospects and see a brighter future ahead. Kami juga ingin mengucapkan Selamat Tahun Baharu 2020 kepada semua warga Boustead. Tahun ini pastinya We firmly believe that we can achieve this, if we merupakan tahun yang sibuk buat kita semua dalam all work together. To this end, we look forward usaha kita untuk memacu prestasi Kumpulan. Sekali lagi, to your continued support and cooperation in kami ucapkan terima kasih atas sokongan anda semua. strengthening our Group as a unified team. Moga tahun mendatang memberi keceriaan buat kita semua. On this note, we would like to wish everyone in the Boustead Group, a very Happy New Year 2020. This year will definitely be a busy one for us as we continue our efforts to drive the Group’s performance. Again, we would like to thank everyone in the Boustead Group for your support. Have a great year ahead! Amrin Awaluddin Casual and teamwork are the emphasis of this two-day session, evident in this group photo of board members and senior management 3 BOUSTEAD BOARD RETREAT 2019 INITIATES THE FIRST STEP TO RESTORE GROUP’S SUCCESS as well as inclusive and participative discussions among the leaders. The BODs and Senior Management teams successfully set plans and foundations, goals and targets for financial year 2020, as well as aspirations for Boustead Group. Among the aspirations and targets established during the retreat were: 1. Sustainable performance and business model. 2. Focused investments and strategic asset Board members and senior management are mixed together in groups to encourage allocation. different inputs and insights 3. Balance between long-term and short-term goals. 4. Performance management for companies and employees. n 12 and 13 November 2019, Boards of Directors and 5. Future proofing Boustead Group against OSenior Management teams from subsidiaries within digitalisation, internet of things and new the Boustead Group, convened for Board Retreat 2019. economy. The retreat which was held at Royale Chulan Kuala Lumpur, fulfilled its objective of getting the key people in Boustead Group to discuss, formulate and strategise the way forward for the Group in order to achieve operational and financial excellence. The Board Retreat 2019 emphasised on interaction, engagement, communication and teamwork between all attendees, so that Boustead Group will be led by a strong and cohesive team. The results were evident during the two-day session as the retreat saw short yet compact presentations, All ideas and opinions are counted, aligned in the spirit of being inclusive and progressive Our leaders have initiated the first steps for the Group to overcome these trying times. All of us in the Boustead Group need to do our part in embracing change by finding new and better ways in fulfilling duties and responsibilities to the company, no matter how big or how small. The success of one of us is a Each company under the Group is reviewed and discussed, to ensure success for all of us. Believe that we can succeed, further success moving forward together as a team. Good luck, Bousteadians! Casual and teamwork are the emphasis of this two-day session, evident in this group photo of board members and senior management 4 MYMEDEX 2019 harmaniaga Berhad via its wholly Powned subsidiary, Pharmaniaga Logistics Sdn. Bhd. signed an MOU with Waterbay Sdn. Bhd. for manufacturing and trading of its mobile dental chair via Pharmaniaga’s Vendor Development Programme at MyMEDEX 2019 on 15 November 2019. Held at MITEC in Kuala Lumpur, the event was graced by the Prime Minister YAB Tun Dr. Mahathir Mohamad and YB Datuk Seri Dr. Dzulkefly Ahmad, Minister of Health. PHARMANIAGA LOGISTICS RECEIVES ISO 37001:2016 ANTI-BRIBERY MANAGEMENT SYSTEM CERTIFICATION ongratulations Pharmaniaga Logistics CSdn. Bhd., a wholly owned subsidiary of Pharmaniaga Berhad on receiving the ISO 37001:2016 Anti-Bribery Management System Certification during Majlis SIRIM Industri 2019 held on 8 November at One World Hotel, Petaling Jaya, Selangor. The ISO 37001:2016 Anti-Bribery Management System provides measures that help organisations to prevent, detect, eradicate and address bribery. It helps the organisation to improve performance by orienting the organisational culture towards transparency and eradication of bribery. ‘SPEAKING NATION: PEMBELAJARAN ABAD KE-21 (PAK21)’ PROGRAMME harmaniaga Berhad (Pharmaniaga) is Pproud to be the sponsor of ‘Speaking Nation: Pembelajaran Abad Ke-21 (PAK21)’ programme, an initiative to hone the talents and capabilities of students organised by the Ministry of Education Malaysia and Yayasan Pesona founded by Datuk Aznil Hj. Nawawi. Pharmaniaga sees the importance of this effort as it helps students to increase their communication skills and boost their confidence. The year-long programme received tremendous response from students and teachers alike. A total of 11 sessions were organised, reaching to about 7,000 students throughout Malaysia. 5 DYAM Raja DiHilir Perak dan DYAM Raja Puan Muda Perak serta delegasi bergambar kenangan bersama kakitangan pengurusan syarikat DYAM RAJA DIHILIR PERAK DAN ORANG BESAR JAJAHAN NEGERI PERAK MELAWAT BNS ada 18 Disember 2019, Boustead Naval Shipyard Sdn. Bhd. P(BNS) telah menerima lawatan daripada Duli Yang Amat Mulia (DYAM) Raja DiHilir Perak Raja Iskandar Dzurkarnain ibni Almarhum Sultan Idris A’fifullah Shah dan DYAM Raja Puan Sesi menandatangani buku pelawat Diraja oleh DYAM Raja DiHilir Perak Muda Perak Tunku Soraya binti Almarhum Sultan Abdul Halim Mu’adzam Shah. Syed Zahiruddin Putra Syed Osman (B), Ahli Lembaga Lawatan turut disertai oleh Orang-orang Besar Jajahan Perak Pengarah Boustead Heavy Industries Corporation seramai 10 orang, Panglima Armada Barat, Laksamana Madya Berhad dan En. Mohd Sidek Zambri, Pengarah Dato’ Aris Adi Tan Abdullah; ADUN Pasir Panjang, YB Yahaya Mat Operasi BNS serta kakitangan pengurusan BNS. Nor; Yang Dipertua Majlis Perbandaran Manjung, Tuan Syamsul Hazeman Md Salleh dan beberapa pegawai kerajaan daerah Kedua-dua kerabat diraja tersebut bersama Manjung. delegasi Orang Besar Jajahan Perak telah diberikan taklimat berkenaan syarikat serta dibawa melawat Keberangkatan DYAM Raja DiHilir Perak dan DYAM Raja Puan ke sekitar limbungan BNS dan melihat aktiviti Muda Perak di BNS telah disambut oleh Laksamana Madya Dato’