KSI Three Strategic Thrusts: Strategic advice, Curated Events and KS REVIEW Executive Briefings KSI STRATEGIC INSTITUTE FOR ASIA PACIFIC December 2020 KSI Adviser, Datuk Seri Mohd Iqbal presenting a memento to Minister in the Prime Minister’s Department (Economic), YB Dato’ Sri Mustapa Mohamed while KSI President, Tan Sri Michael Yeoh and Deputy Chairman, Tan Sri Majid Khan look on. Tan Sri Michael Yeoh, President of KSI Strategic Institute for Asia Pacific calling on the Prime KSI Chairman, Tan Sri Barry Goh presenting a memento to Minister of Housing and Local Minister, Tan Sri Muhyiddin Yassin in Parliament House. Government, YB Puan Zuraida Kamaruddin while KSI Adviser, Tan Sri Lee Kim Yew and President, Tan Sri Michael Yeoh look on. KSI Strategic Institute for Asia Pacific welcomes our new shareholders, directors and advisers. Advisers Adviser Adviser Adviser Adviser Tan Sri Francis Yeoh Tan Sri Lim Gait Tong Datuk Seri Mohd Iqbal Dato’ Seri Howard Lee Rawther Directors Deputy Chairman Executive Vice Chairman Senior Executive Director Director Tan Sri Majid Khan Dato’ Vaseehar Hassan Dato’ Wei Chuan Beng Dato’ Dr. Jessie Tang 2 THE 2020 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT The 2020 Asia Economic and Entrepreneurship Summit 8 September 2020 The Ritz-Carlton Kuala Lumpur YB Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku Jaafar, Minister of Entrepreneur Development and Cooperatives presenting a memento to Datuk Seri Kenneth Growing H’ng Bak Tee, CEO/Group Managing Director, GUH Holdings Berhad. Looking on is Tan Sri Partnership Michael Yeoh, President of KSI. for Inclusive, Innovative and Sustainable Tan Sri Lee Kim Yew, Adviser to KSI presenting a souvenir to HE Andrew Goledzinowski Am, High Growth Commissioner of Australia to Malaysia and HE Charles Hay MVO, High Commissioner of United Kingdom to Malaysia. Looking on was Datuk Seri Azman Ujang, Former Chairman of BERNAMA. The 2020 Asia Economic and economic cooperation between regions. There consumer class will be from this region. The Entrepreneurship Summit was jointly needs to be aspiration towards a cooperative, shift of political, economic, and military power organised by the KSI, the Pacific Basin inclusive, and peaceful multipolar Asia. towards this region will be the biggest global Economic Council (PBEC), and China Daily development of the coming years. It is crucial Asia Pacific on 8th September 2020 at The The opening address was delivered by YB to maintain a rules-based free and open Ritz-Carlton Kuala Lumpur, with the theme on Dato’ Sri Dr. Haji Wan Junaidi bin Tuanku maritime regime in the Indo-Pacific region for “Growing Partnership for Inclusive, Innovative Jaafar, Minister of Entrepreneur Development the international community as connectivity and Sustainable Growth”. and Cooperatives, Malaysia. He highlighted is also key for the prosperity of international the plight of small companies that have been community. At the same time institutional The summit’s first session discussed the badly affected by COVID-19. He called for the connectivity, such as the streamlining of Future of Asia Pacific Economic Cooperation public and private sectors to work hand- custom practices and standards also facilitate in a Sustainable VUCA World. Moderated in-hand to buffer this impact. The Minister cross boundary business transactions. by Ms Penny Burtt, CEO of Asialink Centre, also highlighted the Malaysian government’s Australia, panel members include of Mr response initiatives for businesses which YB Dato’ Sri Hajah Nancy Shukri, Malaysia’s Ian C. Buchanan, Emeritus Chair, Australia have led to a V-shape recovery that saw Minister of Tourism, Arts and Culture attended National Committee for Pacific Economic unemployment rates decreasing from 4.9% in the summit as luncheon speaker. She talked Cooperation, Australia; Ambassador Rajiv June compared to 5.3% in May 2020. about the Ministry’s tourism transformation Bhatia, Distinguished Fellow Gateway House agenda that will focus on efforts to increase – The Indian Council on Global Relations, The next session focused on The Indo- revenue, secure partnerships and investment, India; Prof. Xiao Geng, Chairman of the Hong Pacific Vision and Strategy which featured and empower local communities to ensure Kong Institution for International Financ; Dr. HE Andrew Goledzinowski Am, High the sustainability and resilience of the Eden Woon, President of the Asian Institute Commissioner of Australia to Malaysia, HE tourism industry. She strongly encouraged of Technology, Thailand, and Mr Goh Peng Charles Hay MVO, High Commissioner of the the adoption of digital mediums to showcase Ooi, Executive Chairman of Silverlake Axis. United Kingdom to Malaysia, and HE Hiroshi the arts which can be promoted using virtual It identified that economic integration is key Oka, Ambassador of Japan to Malaysia as platforms. She also reminded delegates to economic recovery where collaboration panel speakers, and Datuk Seri Azman Ujang, that innovation is much more than inventing can unlock new business opportunities. Asia Former Chairman of BERNAMA as moderator. or creating new ideas, but is also about a will soon become the centre of the global It was explained that the Indo-Pacific is an change in mindset where innovation must be economy and must decide if it wants to expanding strategic viewpoint which cannot ingrained into one’s culture. usher an age of development with peace be separated by region as the two areas are and harmony or deal with expansionism and interconnected, a view that is being adopted The Minister then gave out the recipients of aggression. Events occurring in the different by more countries. Economies of the Indo- 2020 Asia Pacific Excellent Entrepreneur regions around the world are interlinked as Pacific will account for 41% of global GDP Lifetime Achievement Awards. The winners geopolitics has an impact on the future of by 2030. By then, two-thirds of the global were Mr. Ng Kong Chin, President of Midea Scott & English Sdn Bhd; Dato’ Dr. Jessie Tang, Chief Executive Officer of East West One Group (Achievement Award for Woman Entrepreneur); Datuk Seri Kenneth H’ng Bak Tee, CEO & Group Managing Director of GUH Holdings Berhad; Mr Mark Chang Mun Kee, CEO of JcbNext Berhad; Datuk Benjamin Reynauld, President of SSP Global Energy Solutions Ltd; Dato’ Rosman Mohamed, Chief Executive Officer of Bank Kerjasama Rakyat Malaysia Berhad; and Prof. Dato’ Chin Yew Sin, JP, Chairman of Bioplus Life Corporation, USA and Deputy Chairman of EKA Noodles L to R: Dato’ Jean Wong, Advisor, Business Development to KSI; Tan Sri Majid Khan, Deputy Chairman, KSI; Tan Sri Michael Yeoh, Berhad, Malaysia. President, KSI; Dato’ Rosman Mohamed, CEO, Bank Kerjasama Rakyat Malaysia Berhad; HE Charles Hay MVO, High Commissioner of the United Kingdom to Malaysia, and Mr Max Say, Executive Director and Chief Partnership Officer, KSI. 3 THE 2020 ASIA ECONOMIC AND ENTREPRENEURSHIP SUMMIT Recipients of the 2020 Asia Pacific Excellent Entrepreneur Lifetime Achievement Awards. L to R: Dato’ Dr. Jessie Tang, CEO, East West One Group; Datuk Benjamin Reynauld, President, SSP Global Energy Solution (Ms Daphane Song receiving the Award on his behalf); Prof. Dato’ Chin Yew Sin, JP, Chairman of BIOPLUS Life Corporation, USA and Deputy Chairman of EKA Noodles Berhad, Malaysia; Tan Sri Michael Yeoh, President of KSI; YB Dato’ Sri Hajah Nancy Shukri, Min-ister of Tourism, Arts and Culture; Tan Sri Majid Khan, Deputy Chairman of KSI; Mr Ng Kong Chin, President, Media Scott & English Sdn Bhd; Dato’ Rosman Mohaned, Chief Executive Of-ficer, Bank Kerjasama Rakyat Malaysia Berhad; Datuk Seri Kenneth H’ng Bak Tee, CEO/Group Managing Director, GUH Holdings Berhad; and Mr Mark Chang Mun Kee, CEO, JcbNext Berhad (Mr Greg Poarch receiving the Award on his behalf). Distinguished Role-Players at the Mr Michael Walsh, CEO of the Pacific HE Charles Hay MVO, High Commissioner of Presenting a memento to YB Dato’ Sri Hajah Nancy session of the Future of Asia Pacific Basin Economic Council delivering the United Kingdom to Malaysia and HE Hiroshi Shukri, Minister of Tourism, Arts and Culture at the Economic Cooperation in a Sustainable his welcoming speech via Zoom. Oka, Ambassador of Japan to Malaysia at the Special Luncheon Address of the 2020 Asia Economic VUCA World. Ambassadorial Session. and Entrepreneurship Summit. The summit’s third session focused on the Dr. Dennis Ng, Chairman of Victory Ministries moderated by Dr. Oh Ei Sun, Senior Fellow SDGs. Panellist highlighted that Asia Pacific Foundation Ltd / Institute of International in KSI. The session highlighted that the was not where it should be at the end of 2019 Harmony and Sustainable Development, SMEs were caught unprepared for COVID-19 on any of the SDGs targets. Not only has Hong Kong; YB Maria Chin Abdullah, Former as they did not have the digital platforms progress been slow, but some countries have Chair of the All-Party Parliamentarians necessary to conduct their businesses as they regressed on some of the goals, particularly Group on SDG’s / Member of Parliament for focused more on the domestic market. Many in the area of equality (Goal 10) and Peace, Petaling Jaya; and Ms Omna Sreeni-Ong, businesses, especially in the manufacturing Justice and Strong Institutions (Goal 16), Founder/Managing Director of ENGENDER sector, are still reliant on manual labour and which is worrying. This situation has been Consultancy. Datuk Dr. Denison Jayasooria, a manual means of production despite much worsened by COVID-19. Strategies need Co-Chairman of the Malaysian CSO-SDG discussion about IR4.0. There needs to be to be devised to recuperate and prevent Alliance moderated the session. a clear ecosystem to support and organise the objectives SDG initiatives to be lost the industry, such as the necessary supply- due to the pandemic. There is still a lack The fourth session focused on digitalisation chains, to help transform businesses to allow of awareness and understanding of what in the Asia Pacific.