...more inside. Vol : January PP 8307/12/2012(032066)

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1 Vol : January PP 8307/12/2012(032066) ASLI CEO Tan Sri Michael Yeoh with Sabah Chief Minister Dato Seri Musa Aman, Prime Minister Dato Sri Mohd Najib and Minister in the Prime Minister s Dept. Tan Sri Joseph Kurup at the opening of the National Unity & Integration Seminar Co-organised by ASLI and the National Unity Dept. in Kota Kinabalu on Malaysia Day. At The World Chinese Economic Summit Reception in Kensington Palace London. Sir Liu Changle chairman Phoenix TV, Dato Seri Liow Tiong Lai, Sir John Boyd, Tan Sri Jeffrey Cheah, Sultan Nazrin Shah, The Duke of York, Deputy Prime Minister Dato Seri Zahid Hamidi, Tan Sri Lee Kim Yew, Tan Sri Michael Yeoh. HRH Sultan Nazrin Muizzuddin Shah, Sultan of Perak presenting the WCES Patron s Special Benovelence Award to HRH Duke of York Prince Andrew at the WCES Reception in Kensington Palace London whilst WCES Chairman & ASLI CEO Tan Sri Michael Yeoh looks on. Deputy Prime Minister of Malaysia Y.A.B. Dato Seri Dr. Ahmad Zahid Hamidi delivering his Keynote Address at the World Chinese Economic Summit. Looking on are Chairman of Asia House Sir John 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, Minister of Transport of Malaysia and Honorary Adviser of WCES, whilst Former Minister of State at the Foreign and Commonwealth Office The Rt Hon Lord Howell of Guildford looks on. The Duke of York HRH Prince Andrew receiving a memento from ASLI Chairman Tan Sri Jeffrey Cheah at the WCES Reception in Kensington Palace London....more inside

2 7TH WORLD CHINESE ECONOMIC SUMMIT IN LONDON Minister in the Prime Minister s Department of Malaysia YB Dato Mah Siew Keong, 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 and Skills and President of the Board of Trade The Rt Hon Sajid Javid MP, Deputy Prime Minister of Malaysia Y.A.B. Dato Seri Dr. Ahmad Zahid Hamidi and Former President of Indonesia H.E. Susilo Bambang Yudhoyono attending the Opening Ceremony of WCES in London. Country Heights Group and Cheng Ho Multi Culture Education Trust Tan Sri Lee Kim Yew, Sultan of Perak Darul Ridzuan HRH Sultan Nazrin Muizzuddin Shah, Former President of Indonesia H.E. Susilo Bambang Yudhoyono and Chairman Tan Sri Dr. Jeffrey Cheah at the Patron s Welcome Dinner and 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 the Remaking, he expressed his confidence in this Chinese initiative, which he said he believed would promote joint mutual benefits in an egalitarian and less intrusive way by focusing on a business intensive approach. HRH Sultan Nazrin also argued that the success of the Belt and Road venture would depend on the participation of all countries across Europe and Asia in making independent decisions based on mutually acceptable terms. Finally, Sultan Nazrin stressed the importance of China s diplomatic management of its territorial disputes in maintaining the credibility of this initiative. Founding President of IDEAS YAM Tunku Zain Al-Abidin ibni Tuanku Muhriz, Sultan Perak Darul Ridzuan HRH Sultan Nazrin Muizzuddin Shan, ASLI Chairman Tan Sri Dr. Jeffrey Cheah, Former Prime Minister of Pakistan H.E. Shaukat Aziz and Director of ASLI Tan Sri Ramon Navaratnam. In a Special Address also at the Opening Ceremony, H.E. Susilo Bambang Yudhoyono, Former President of the Republic of Indonesia, noted that at the London G-20 Summit, world leaders agreed in principle to adopt the G-20 framework for balanced and sustainable economic growth. In addition to this, Yudhoyono proposed one more element - inclusiveness. In achieving inclusiveness, he argued ASLI Chairman Tan Sri Dr. Jeffrey Cheah presenting a memento to Sultan of Perak Darul Ridzuan HRH Sultan Nazrin Muizzuddin Shah, whilst Tan Sri Michael Yeoh look on. Chairman of ASLI and Sunway Group Tan Sri Dr. Jeffrey Cheah, Permanent Honorary President, Hong Kong Chinese General Chamber of Commerce Dr. Jonathan Choi and China Ambassador to United Kingdom H.E. Ambassador Liu Xiaoming at the Opening Ceremony of WCES in London. 2 Executive Director of the Better Hong Kong Foundation Ms. Karen Tang, Chief Operating Officer of ASLI Ms. Ng Yeen Seen, VP for Office of Business Development, Singapore Management University Dr. Annie Koh and Senior Executive Director, Sunway Education Group Dr. Elizabeth Lee at the Luncheon at the House of Lords.

3 7TH WORLD CHINESE ECONOMIC SUMMIT IN LONDON From Left: Chairman of Phoenix Satellite TV Sir Liu Changle, Director of Country Heights Group Puan Sri Tan Bee Hong, HRH Duke of York Prince Andrew, Co-Founder & Patron of WCES Tan Sri Lee Kim Yew and ASLI Chairman Tan Sri Dr. Jeffrey Cheah. ASLI Chairman Tan Sri Dr. Jeffrey Cheah presenting a memento to Former Vice Premier of China H.E. Zeng Peiyan, whilst The Lord Sheikh of Cornhill and Tan Sri Michael Yeoh looks on. ASLI Director Tan Sri Ramon Navaratnam greeting Minister of Transport Dato Seri Liow Tiong Lai. CIMB Chairman Dato Seri Nazir Razak, Special Branch Director Commissioner Dato Fuzi and High Commissioner to Britain Dato Ahmad Rasidi at the opening ceremony. H.E. Dr. Cheng Guoqiang, Director General & Senior Fellow, Department of International Cooperation, Development Research Center of State Council of PRC delivering a Keynote 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 forward the WCES should serve as the platform for this, as well as building stronger partnership and real collective action involving all stakeholders between developed countries, emerging markets and developing nations. Dato Seri Ahmad Zahid Hamidi, Deputy Prime Minister of Malaysia, delivered a Keynote Address in which he spoke of how strengthening ASEAN- China ties is key to regional peace and prosperity in Southeast Asia. The speech, entitled Enhancing UK - China Relations: Building a Common Future, also focused on the Chinese economic miracle, whereby 30 years of double-digit economic growth in the region has ushered in a re-balancing of history s global equilibrium. If we look back 500 years ago to the 16th Century, he said, Asia not only accounted for the majority of the world s population, as it still does today, but it also contributed to nearly 50% of world trade. Dato Sri Liow Tiong Lai, Minister of Transport of Malaysia, explored the details of China s Belt and Road initiative and what this will mean for ASEAN. He argued that it is not an exaggeration to say that if businesses do not pay attention to the far-reaching implications of the regional economic development of China, they would not only lose business opportunities, but also find their markets eroded. Dato Mah Siew Keong, Minister in the Prime Minister s Department, gave a Keynote Address on the importance of the Chinese Diaspora in facilitating business opportunities worldwide. He noted that these communities play an imperative role in the economic development of their country of origin, and that diasporas represent a bridge to knowledge, expertise, resources and markets. If engaged correctly. he argued, they can be central to promoting trade and FDI. while also creating business and stimulating entrepreneurship in their home country. China s former Vice Premier H.E. Zeng Peiyan, Vice Chairman of Boao Forum and Chairman China Centre for International Economic Exchanges delivered a Special Address at a Luncheon in the House of Lords. He spoke on China s economic prospects and challenges. Finally, Tan Sri Michael Yeoh, Chairman of the World Chinese Economic Summit and CEO of the Asian Strategy & Leadership Institute (ASLI), noted that after seven years, he truly believed that the WCES had grown to become the premier annual event bringing together government, business leaders and entrepreneurs from China, Asia, India Hong Kong and Europe. The result of this being to help promote closer linkages between China and the West and China and South East Asia. he said. (Continue on page 5) Executive Vice Chairman of China Institute for Innovation and Development Strategy Ambassador Wu Jianmin, Chairman of CIMB Group Dato Seri Nazir Razak and Chairman of UK-ASEAN Business Council Lord Davies of Abersoch CBE speaking at the session on The Belt and Road: Moving Paradigm, Addressing Challenges and Realising Opportunities. 3 Distinguished Panellists of the session: The Power of Business Networking: Former Lord Mayor of Melbourne Dr. John So, MD of YTL Group Tan Sri Francis Yeoh, Chairman of Conservative Friends of the Chinese The Lord Wei of Shoreditch, President of Institute of Future Studies for Developement Prof. Dr. 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.

4 WCEF LIFETIME ACHIEVEMENT AWARDS HRH Sultan Nazrin Muizzuddin Shah, HRH Duke of York Prince Andrew, Y.A.B. Dato Seri Dr. Ahmad Zahid Hamidi, Tan Sri Lee Kim Yew and his family members. Founder & Chairman of Shanghai Tang Sir David Tang receiving the Lifetime Achievement Award from 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 Achievement Award for Promoting Education Ties Between UK, China and Malaysia. Managing Director of YTL Group of Companies Tan Sri Francis Yeoh receives his Lifetime Achievement 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. Ng Yeen Seen and Dr. Elizabeth Lee at the Patron s Welcome Reception in Royal Kensington Palace. Executive Chairman Group Managing Director and Founder of Eversendai Corporation Berhad Tan Sri A.K. 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 receives his Lifetime Achievement Award for Business and Community Leadership. Chairman of ASLI and Sunway Group Tan Sri Dr. Jeffrey Cheah delivering the Introductory Remarks at the Patron s Welcome Dinner and Lifetime Achievement Awards Conferment Ceremony. HRH Sultan Nazrin Muizzddin Shah presenting the Lifetime Achievement Award to Managing Director of LBS Bina Group Berhad Tan Sri Lim Hock San, whilst H.E. Susilo Bambang Yudhoyono and Tan Sri Dr. Jeffrey Cheah looks on. Executive Chairman of Serge Pun & Associates Limited and Yoma Strategic Holdings Mr. Serge Pun receiving the Lifetime Achievement Award for Entrepreneurial Leadership. Dato Paduka Timothy Ong, Founder & Chairman of Asia Inc Forum receives his Lifetime Achievement Award for Regional Business Leadership. Dato Voon Tin Yow, Executive Director of Eco World Development Group Berhad receiving the Lifetime Achievement Award for Leadership in Global Property Development. 4

5 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 Chua Tee Yong. Prime Minister of India Narendra Modi with ASLI CEO Tan Sri Michael Yeoh and Bank Negara Governor Tan Sri Dr. Seti Aziz, Khazanah Nasional Managing Director Tan Sri Azman Mokhtar and other Malaysian business leaders. ASLI CEO Tan Sri Michael Yeoh with Australian Foreign Minister Julie Bishop, Monash University Pro Chancellor Prof Helen Bartlett and former Ambassador to the United Nations, Tan Sri Hamidon Ali. 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 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 The ASLI is an independent, non-profit think-tank 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. 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 due out in what should be a pivotal year for both Malaysia and the broader ASEAN region. Malaysia s position as chair of ASEAN this year provided the country with an opportunity to raise its profile on the international stage ahead of the launch of the AEC, he said. We expect our research with OBG to explore what full regional integration means for the country, in terms of opportunities and challenges, while also charting the changing domestic economic landscape. OBG s Regional Manager for Asia Lauren Denny said that while the Group had worked closely with ASLI over the years, the new partnership heralded a closer collaboration that would bring something extra to the team s research. These are exciting times for Malaysia, both at home, where major infrastructure projects are being rolled out, and regionally, she said. I m delighted that the Asian Strategy and Leadership lnstitute s experts will be contributing to our tenth-anniversary project by providing us with an additional and timely, regional perspective. The Report: Malaysia 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. it will also contain interviews with leading representatives. The publication will be available in print or online. Oxford Business Group signed an Mou with ASLI on collaboration on Malaysia Report produced by OBG. 7TH WORLD CHINESE ECONOMIC SUMMIT IN LONDON (cont. from page 3) in addition to the numerous keynote speeches and presentations, the summit featured a Lifetime Achievement Awards Ceremony and various interactive panel presentations, which covered topics ranging from China in the New World Economy to The Power of Business Networking. During the Closing Ceremony, Tan Sri Ramon Navaratnam, Director of ASLI and Chairman of the Centre for Public Policy Studies (CPPS), spoke of how throughout the years that the WCES has always been active. It has explored ways China can beneficially contribute to business and diplomatic relations in the ASEAN region, and how through engagement with China, the diaspora can be further economically empowered, he argued. The 7th World Chinese Economic Summit was co-organized with Asia House London. The Strategic and Corporate Partners on the QI Group, Laura Ashley, Sunway Group, Global Movement of Moderates, Silverlake, MCA, GD Group, LBS Bina, Farlim Group, Khazanah Nasional, HSBC, Bank Manyapada, MPI General Insurans. 5

6 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 Serigar Abdullah. ASLI CEO Tan Sri Michael Yeoh greeting Prime Minister Dato Sri Mohd Najib. 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 Prime Minister s Department and ASLl convened a national conference entitled Enhancing National Unity & Integration: Towards a Common Destiny-Where Do We Go from Here. Altogether it has brought together 1200 delegates represented by government officials, state leaders, academicians, business leaders, political scientists, lawyers, community based leaders and think tanks to take stock of what Sabah has achieved, where the short-comings are and what more can be done to further strengthen the future of Sabah. YAB Datuk Seri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia launched the conference and delivered a keynote address, accompanied by the Chief Minister of Sabah, YAB Datuk Seri Panglima Musa Aman and a Minister in the Prime Minister s Department, YB Tan Sri Datuk Seri Panglima Joseph Kurup. The conference was moderated by both Tan Sri Michael Yeoh, CEO of ASLl and Datuk Seri Dr Ronald Kiandee, Deputy Speaker of the House of Representative, Parliament of Malaysia. It was held with an aim to explore how to better incorporate Sabah s perspectives on Malaysia s development effort-with a view on how Sabah can benefit from a more inclusive development approach. It sought the opinion of the relevant stakeholders to reach a common understanding to strengthen Sabah s integration in Malaysia. It discussed how the Sabah state and Federal government cooperation and the exchange of experience regarding integration policies can be improved; and how socio-economic and political dialogue can be strengthened. Tan Sri Dr lrwan Serigar, Secretary General of Treasury of the Ministry of Finance began the conference s first plenary session, calling for a strengthened focus on economic inclusivity; an improved efficiency and performance of road infrastructure development; increased access to the energy services by the off-grid communities; and a strengthened job market for youth employment. For him, significant progress has been made by the Federal Government in integrating Sabah s needs and priorities in the 10 consecutive Malaysia Plans. However, much can be done to address the aforementioned areas. Ms Fui K. Soong, CEO of the Centre for Strategic Development (CENSE) position may be seen in her session on how Sabah has progressed economically since the formation of Malaysia. She considered how the current security situation in the East Coast, the presence of illegal immigrants in Sabah as well as high cost of living faced by urbanites Sabahan might have an impact on Sabah s economy and the well-being of the locals. She concluded that more funds should be allocated for the construction of highways. urban roads and to improve on the condition of rural roads as well as an expansion of Sabah s ports in the BlMP EAGA trade development through adequate construction of bridges. More importantly, there is a need for both the Federal and State governments to work closely to implement the recommendations of the Royal Commission lnquiry (RCl) on illegal immigrants. lf Sabah aims at strengthening its integration through the economic sector, it needs to create more enabling opportunities women living in the rural and interior areas. Dr.Madeline Berma, an Associate Professor from Universiti Kebangsaan Malaysia raised concern over Malaya-centric policies that underpin the Sabah development policies. Various policy interventions may be said to have addressed the needs of the Sabahan population, but some interventions cannot bejustified honestly as it has caused the economic exclusion and marginalisation of the non-malay Muslim Bumiputeras in Sabah. There is a distinct awareness and realisation that the local elites are seen as proxies to the Federal government. This further adds to a lack of distrust between communities and local leaders. Given the importance of honouring the spirit of the Malaysian Agreement and the 20/18 Point Memorandum, the need to strategically empower the human capital of Sabahan, with specific reference to the non-muslim Bumiputeras engagement in the public sector is critical to achieving inclusive development. Datuk Seri Panglima Wong Khen Thau, Honorary Life President of Sabah Industries questioned if the formation of Malaysia is a marriage of convenience or is it an officially satisfied partnership? ln posing this question, he noted with grave concern that there are some clear benefits that How from the Malaysian Agreement, mainly benefitting the growth and development of Semenanjung Malaysia. His present thinking implied by the plea to go back to more of an equal partnership between the Federal government and the State government, is that to allow more autonomy to be given to Sabahans as he sees the potential of Sabah to be an economic power house in this region. Dr. Bilson Kurus, Senior Manager of Research & Information of POlC Sabah noted a longer term shift that Sabah is in a position to reap a demographic dividend, the socio-economic growth that can result in from having a relatively large group of working age people-provided that they are educated. empowered and employed. 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 Michael Yeoh and Treasury Secretary General Tan Sri Dr. Irwan Serigar Abdullah. The Prime Minister launching the seminar. 6

7 ENCHANCING NATIONAL UNITY & INTEGRATION SEMINAR The Prime Minister at the Opening Ceremony. The Panel Session chaired by Tan Sri Michael Yeoh. The Prime Minister having lunch with Sabah Chief Minister Dato Seri Musa Aman, Housing & Local Government Minister Dato Abdul Rahman Dahlan; Science Technology and Innovation Minister Datuk Wilfred Madius Tangau 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 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. Edmund offers an important rationale and justification as to why there shall be a Prof James Chin addressing the Seminar. 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. MOU Signing between ASLI and National Unity and Integration Dept. NATIONAL ACTION PLAN ON 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 academia to strengthen Sabah s integration through inclusive development. 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 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. (Continue on page 18) ASLI CEO Tan Sri Michael Yeoh presenting a memento to Minister in the Prime Minister s Dept. Tan Sri Joseph Kurup whilst the Department s Director General Dato Gandesan looks on. 7

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

9 18TH NATIONAL HOUSING & PROPERTY SUMMIT Tan Sri Dr. Jeffrey Cheah, Chairman of ASLI sharing a light moment with YB Datuk Haji Abdul Rahman Dahlan, Minister of Urban Wellbeing, Housing Local Goverment looking on are Tan Sri Dr. Michael Yeoh, CEO of ASLI and Ms. Sarena Cheah Group Managing Director, Sunway Property Division. hit in Despite all these, property value continues increasing. The 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. Left to Right: Mr. Mustapha Kamal Bin Zulkarnain (PAM), Dato Othman Omar (Qxley holdings), Dato Stewart LaBrooy (Axis REIT Managers), Mr. Anwar Syahrin Abdul Ajib (UEM Sunrise), Tan Sri Dr. Michael Yeoh (ASLI), Mr. Sarly Adre Sarkum (Malaysia Green Building Confederation) and Mr. David Mizan Hashim (Architect Veritas). 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. 31% of purchasers are aged years. The 11th Malaysia Plan has put forward several specific strategies to help low and middleincome households achieve the goal for affordable housing. Under the 11MP, 606,000 houses will be developed for the low and middleincome households between 2016 and The bottom 40 percent bracket is one of the main focus groups for the years ahead, making an inclusive housing policy important. Notable speakers in the conference include Datuk Seri Michael Yam, Past President of REHDA; Datuk Charlie Chia, Group Chief Executive Officer of United Malayan Land Bhd; Mr. Siva Shanker, Dato Beh Huck Lee (EUPE Corporation), Ms. Dianna Lee (Country Heights Holdings Bhd), Ms. Jane Leong (Mah Sing Group) sharing their thoughts with session moderator Mr. Ishmael Ho (Ho Chin Soon Research), 2nd from left. Immediate Past President of the Malaysian Institute of Estate Agents; Mr. Shan Saeed of IQI Group Holdings; Mr. Christopher Boyd of Savills (Malaysia) Sdn Bhd; Dr. Zailan Mohd Isa of the Ministry of Finance; Mr. Elvin Fernandez of Khong & Jaafar Sdn Bhd; Ms. Malathi Thevendren of Jones Lang Wootton; Mr. Previndran Dato Singhe of Zerin Properties; Mr. Ho Chin Soon and Mr. Ishmael Ho of Ho Chin Soon Research Sdn Bhd; Dato Beh Huck Lee of EUPE Corporation Berhad; Ms. Dianna Lee of Country Heights Holdings Berhad; Ms. 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. Distinguished Role-Players at the CEO Roundtable Mr. Siva Shanker (Malaysian Institute of Estate Agents), Datuk Seri Michael Yam (Impetus Partnership), Mr. Christopher Boyd (Savills), Datuk Charlie Chia (UM Land Bhd) and Mr. Shan Saeed (IQI Group Holdings) 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 Business Group and The Business Year as media partners. 3rd from left: Session Moderator, Dr. Zailan Mohd Isa (Ministry of Finance) Mr. Christopher Boyd (Savills), Ms. Malathi Thevendren (Jones Lang Wootton) Mr. Elvin Fernandez (Khong & Jaafar), Mr. Ho Chin Soon (Ho Chin Soon Research) and Mr. Previndran Dato Singhe (Zerin Properties) discussing The industry outlook and future of the housing & property sector. VIP guests at the Opening Keynote Address: Tan Sri Ramon Navaratnam, Corporate Advisor of Sunway Group, Datuk Seri Michael Yam, Past President of REHDA, Puan Sri Susan Cheah, Dato Jeffrey Ng, CEO of Sunway REIT Management, Mr. Bern Ong and Ms. Ng Yeen Seen. Tan Sri Dr. Michael Yeoh presenting a memento to Tuan Haji Md. Azlan Alifiah, General Manager of Selangor State Development Cooperation (PKNS). 9

10 THE 10TH ASIA ECONOMIC SUMMIT Minister of International Trade & Industry II Dato Seri Ong Ka Chuan sharing a light moment with the Minister of National Development Planning Indonesia H.E. Sofyan A. Djalil and Tan Sri Michael Yeoh, CEO, ASLI. H.E. Judith St. George, High Commissioner of Canada to Malaysia; Tan Sri Ramon Navaratnam, Chairman, CPPS-ASLI/Group Adviser, Sunway Group; H.E. Dr. Makio Miyagawa, Ambassador of Japan 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 Ambassador to China, Mr. Alexander Wan, Senior Advisor, China Daily Asia Pacific; Ms. Ng Yeen Seen, COO, ASLI / Senior Director, CPPS-ASLI; Prof. Dr. Hoo Ke Ping, Director, Regionhub Engineering 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 Economic Summit on 4th December 2015 at Pullman Kuala Lumpur City Centre Hotel & Residences. The Asia Economic Summit has been organized regularly by ASLI over the years to bring together Government, Business, Academic and Thought Leaders to discuss the key economic challenges facing Asia and the issues and opportunities to be addressed. The Vice President of the Republic of Indonesia HE. Jusuf Kalla s Keynote Address on Indonesia s Role in the New Regional Architecture Towards Shared Prosperity and Sustainable Growth was delivered by the Minister of National Development Planning of Indonesia. H.E. Dr. Sofyan A. Djalil. 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 that the growth will accelerate gradually and it could reach 6 percent or even better in 2017, said the Vice President. He further mentioned that Indonesia also recognizes the need to further strengthen coordination and synergy among regional cooperation architecture such as APEC, G-20, and Pacific Alliance (Chile, Colombia, Mexico, Peru). We also recognize their respective characteristics, natural resources and strengths, and hence underline the importance of cooperation, as well as to avoid any duplication to provide added value and complementarities. Indonesia stresses the need to strengthen exchanges of consultations at various levels and explore opportunities to collaborate on joint endeavours on issues of common concern. Such collaborations could cover mutual topics such as connectivity, infrastructure, sustainable development, food security, energy security, climate change, and disaster response and preparedness issues. The Vice President also mentioned that the development in Indonesia is not 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 be further developed. Indonesia has all the potentials, waiting to be explored. Those golden opportunities shall not be missed by investors. In 2030, our energy market is estimated to reach USDZ70 billion, and therefore large opportunities lie ahead to any investors who do not only want to invest in Indonesia, but also to make Indonesia as regional production basis to enter wider markets, both in this region as well as other regions. Dato Seri Ong Ka Chuan, Minister of International Trade & Industry II presenting a sponser plaque to Mr. Prakash Chandran, President & CEO, Siemens Malaysia Sdn. Bhd. Looking on is Tan Sri Michael Yeoh, CEO, ASLI. The Minister of International Trade & Industry II, Dato Seri Ong Ka Chuan delivered the Luncheon Address on ASEAN Economic Community Beyond Challenges and Opponunities. The Minister said that overall, ASEAN has implemented close to 93% of the measures set out in the AEC Blueprint Barriers to trade and investments have been gradually dismantled. Tariffs for intra-asean trade have been almost eliminated. Restrictions to investments have been reduced. Equity ownership of 100% is allowed in most economic sectors. The coming 10 years will be challenging for ASEAN as it seeks to sustain investment flows and expand economic growth. The major challenges within the region include:- (i) Upgrading or building the necessary infrastructure facilities. It has been noted that ASEAN will require USD110 billion per year through 2025 for generation, transmission and distribution of power, the construction of roads, rails, ports and airports, expanding telecommunication networks and ensuring adequate supplies of clean water and provision of sanitation. (ii) Overcoming domestic pressures to address inconsistent policies and regulations to remove the remaining barriers to free flow of investments and the deepening of financial services and capital market integration. (iii) Upgrading of skills of ASEAN s population to meet the growing and everchanging needs of industry. (iv) Increasing the participation of the MSMEs in the region and (v) Bridging the development gaps within ASEAN s 10 Member States. Before ending his speech, the Minister said that the prospects for ASEAN are bright, but our future success is not guaranteed. It will require our continued joint commitment and strenuous effort to realise ASEAN s potential. But the Minister is confident that we will achieve our goals. Our track record demonstrates that when we put our minds to it, ASEAN s collective will can overcome the challenges in our path. (Continue on page 21) Mr. Ong Ewe Hock (centre) Managing Director, DuPont Malaysia Sdn. Bhd., with Professor Annie Koh, Vice President, Office of Business Development, Singapore Management University; and Mr. Stuart Dean, Senior Advisor, ASEAN Advisory Pte. Ltd. H.E. Sofyan A. Djalil, Minister of National Development Planning, Indonesia with Tan Sri Michael Yeoh, CEO, ASLI at the Press Conference. 10 Dato Seri Ong Ka Chuan, Minister of International Trade & Industry II accompanied by Tan Sri Michael Yeoh, CEO, ASLI and Mr. Tan Koon Swan, Chairman, TungLing Corporation Sdn. Bhd.

11 MALAYSIA UK FORUM YB Dato Mah Siew Keong (Minister in the Prime Minister s Department, Malaysia) having a chat with HE Dato Ahmad Rasidi Hazizi (Malaysian High Commissioner to the UK) At the opening ceremony (L-R): Datuk SK Lingam (Chairman, MLUK and President, AUBF); Tan Sri Dato Dr. Michael 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, MLUK and President, AUBF) accompanying YB Dato Mah Siew Keong (Minister in the Prime Minister s Department) to the function hall. The Malaysia-UK Forum themed Deepening Malaysia-UK Relations and 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 work together. Delivering the opening remarks, HE Dato Ahmad Rasidi Hazizi (Malaysian High 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. (Left to Right): Mr. Max Say (Chief Business Partnership Officer ASLI); Tan Sri AK Nathan (Executive Chairman and Group MD, Eversendai Corporation): YB Datuk Heng Seai Kie (Special Adviser to the Prime Minister on National 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 Tuanku Muhriz (Vice President, Malaysian British Society) Tan Sri AK Nathan (Executive Chairman and Group MD, Eversendai Corporation); Ms. Ng Yeen Seen (COO, ASLI and 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 - UK Partnership - Where do we go from here? at the CEO Roundtable. 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 comparison to the post-independence era of the late and suggested that we have come full circle with participation in regional and international partnerships 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 bilateral as well as multilateral relationships, and to participate in today s forum with an open and optimistic mind about the long-term health of the Malaysia-UK relationship. Dato Mah Siew Keong (Minister in the Prime Minister s Department, Malaysia) spoke about Driving Innovation through Economic Transformation in his keynote address. Highlighting that Malaysia was ranked 33rd out of 143 countries in the Global Innovation index, he assured the audience of Malaysia s commitment to drive innovation through the 12 National Key Economic Areas as well as government-industry collaboration. He also shared on initiatives to strengthen the innovation ecosystem in the 11th Malaysia Plan and the 2016 National Budget s focus on accelerating innovation that were expected to open up many possibilities for partnerships between Malaysia and the UK. Subsequently, Ms Ng Yeen Seen (COO, ASLl and Senior Director, CPPS) moderated the CEO Roundtable on the topic of Deepening Malaysia-UK Partnership Where do we go from here? Tan Sri AK Nathan (Executive Chairman and Group MD, Eversendai Corporation), Prof Christine Ennew Datuk SK Lingam (Chairman, MLUK and President AVBF) addressing the audience during the opening ceremony. Seated (L-R) are Tan Sri Dato Dr. Michael Yeoh (CEO, ASLI and President, FBNUK); YB Dato Mah Siew Keong (Minister in the Prime Minister s Department, Malaysia); and HE Dato Ahmad Rasidi Hazizi (Malaysian High Commissioner to the UK) (Provost of the University of Nottingham Malaysia Campus) and Mr Richard Mckie (Director of Group Business Development, BAE Systems) made up the panellists. They discussed about the importance of business relationships, the advantages Malaysia offered to UK businesses interested in penetrating the ASEAN market, institutional and educational ties between Malaysia and the UK. movement of skilled labour as well as global competition for talent, and also cyber-security. Next. Datuk SK Lingam moderated the ASEAN Presentation entitled Tapping into Opportunities from the AEC, which featured Tan Sri Dato Dr Michael Yeoh and Mr Andrew Jeffreys (CEO, OBG) as speakers. The former gave an introduction of the AEC and Malaysia s Chairmanship of ASEAN as well as an overview of the ASEAN Connectivity Masterplan and ASEAN s Post 2025 Vision before sharing on the interaction between ASEAN and the UK. and also Europe. The latter shared on business opportunities for UK companies in Malaysia specifically and also ASEAN generally. The forum ended with Datuk SK Lingam thanking all the role-players, participants, sponsors and partners, and expressing hope for the next forum to receive as much if not more support. 11

12 WCES ROUNDUP IN LONDON HRH Sultan Nazrin Muizzuddin Shah, former President Susilo Bambang, Tan Sri Jeffrey Cheah and H.E. Linda Dessau at the main table during the Royal Toast by Tan Sri Michael Yeoh. President of Redstone Group Mr. Shen Feng (2nd from right) presenting a memento to the CEO of Asia 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 Economic Exchanges, Tan Sri Lee Kim Yew, YB Minister Dato Sri Liow Tiong Lai, Tan Sri Dr. Jeffrey Cheah and H.E. Zhang Xiaoqiang former Vice Chairman of National Development & Reform Commission, China during the Luncheon at the House of Lords. Prof. Dr. M. Din Syamsuddin, Tan Sri A.K. Nathan Elumalay, Mr. Jan Hng, Ms. Ng Yeen Seen, Mr. Michael Lawrence, guests from China Embassy in London, Mr. Yaw Qi Hong, Dr. Jannie Chan and Dr. John So 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 memento to Dato Sri David Yeat, whilst H.E. Linda Dessau AM, Tan Sri Michael Yeoh, H.E. Susilo Bambang Yudhoyono and Tan Sri Lee Kim Yew look on. Former Prime Minister of Pakistan H.E. Shaukat Aziz, former President of China-Britain Business Council The Lord Powell of Bayswater KCMG and Vice Chairman of Nomura International PLC Sir Andrew Cahn 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 Nazrin, Tan Sri Jeffrey Cheah and Dato Seri Liow Tiong Lai. Executive Vice Chairman of China Institute for Innovation and Development Strategy Ambassador Wu 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 Shoreditch and Managing Director YTL Group Tan Sri Francis Yeoh speaking at the session on The Power of Business Networking: Connecting the Diaspora - Promoting Entrepreneurial Growth. The Deputy Prime Minister presenting a memento to the CEO of Global Movement of Moderates Nasharuddin Isa while former President of Indonesia Susilo Bambang Yudohyono looks on. 12 Dato Seri Ooi Chean See greeting the Deputy Prime Minister of Malaysia Y.A.B. Dato Seri Dr. Ahmad Zahid Hamidi, whilst Mr. Tan Koon Swan and Dr. Yan Lijin look on.

13 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 Michael Yeoh. ASLI Chairman Tan Sri Dr. Jeffrey Cheah greeting the Former President of Indonesia H.E.Susilo 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 Ooi Chean See, YB Datuk Heng Seai Kie and Dr. Annie Koh. Tengku Dato Zafrul, Tan Sri Ramon Navaratnam, Dato Seri Nazir Razak, Mr. Charlie Humphrey and Mr. Max Say. Dato Seri Nazir Razak having a light chat with Tan Sri Francis Yeoh, Ms Carli Paoli and Dato Neville Green. From Left: Mr. Max Say, Tan Sri Dato Seri Lim Gait Tong, Tan Sri Jason Goh, Datuk Heng Seai Kie, Tan Sri Dr Jeffrey Cheah and Tan Sri Ramon Navaratnam. The Lord Sheikh of Cornhill delivering the Welcome Remarks during the Luncheon at the House of Lords with Ambassador Zhou Wen Zhong Secretary General Boao Forum. From Left Mr.Bern Ong, Tan Sri Dr. Jeffrey Cheah, Tan Sri Ramon Navaratnam, Mr. Max Say and Mr. Jordan Heng. From left : Mrs. Janice Choi, Dr. Jonathan Choi, Tan Sri Lim Hock San, Puan Sri Karen Lim and Mr. Max Say. From left : Puan Sri Karen Lim, Mr. Max Say, Tan Sri Lim Hock San, Dato Sri David Yeat, Dato Voon Tin Yow and Dr. Wang Huiyao during the Luncheon at the House of Lords. Dr. Jannie Chan (Centre) chairing the WCES Women Entrepreneurs Roundtable. Looking on are Ms. Cheri Ong, Ms. Candice Ong (Left), Pro. Dame Julia King and Ms. Rosana Wong (Right). Tan Sri Michael Yeoh having a chat with Dato Paduka Timothy Ong. 13

14 ASLI HOSTS RUSSIA FOREIGN MINISTER The Russian Foreign Minister, Dr. Sautov and Tan Sri Michael Yeoh with Tan Sri Tiong Hiew King and Tan Sri Dr Koh Tsu Koon. From left : The Deputy Foreign Minister, The Minister H.E. Sergey Lavrov, Dr. Sautov and Tan Sr Michael Yeoh. Tan Sri Michael Yeoh presenting a memento to the Foreign Minister H.E. Sergey Lavrov. ASLI together with the Russian Business Council for Cooperation with Malaysia hosted a Tea Roundtable for the Foreign Minister of Russia H.E. Sergey Lavrov during his recent visit to Malaysia for the ASEAN Ministerial Meeting. The Foreign Minister spoke about Russia s Foreign Policy objectives and priorities including Russia s cooperation with ASEAN. The Minister elaborated on the economic challenges facing Russia and business and investment opportunities in Russia for Malaysian and ASEAN companies. He invited Malaysian businessmen and investors to visit Russia and to learn more about opportunities in Russia. ASLI Senior Vice President Mr. Max Say, Dr. Sautov, H.E. Lavrov, Tan Sri Dr. Michael Yeoh and Dato Izat Emir. The Roundtable chaired by ASLI CEO was attended by leading Malaysian business leaders. They included the Chairman of Rimbunan Hijau, Tan Sri Tiong Hiew King, the President of Perdasama Dato Izat Emir, the Managing Director of MKH Group and Patron of REHDA Tan Sri Eddy Chen, former Minister Tan Sri Dr. Koh Tsu Koon now Chairman of SEDAR Institute and Wawasan Education Foundation. Also present were Russian Ambassador to Malaysia and Chairman of the Russian Business Council for Cooperation with Malaysia Dr. Sautov. The business leaders at the dialogue. Mr. Max Say, Dr. Sautov, Tan Sri Tiong Hiew King, Russia Trade Commissioner. Kenanga Investment Bank Executive Director, Megat Mizan 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 Seri Liow Tiong Lai and ED Development Chairman Dato Seri David Yeat at the Boao Forum Financial Cooperation conference in London. ASLI CEO Tan Sri Michael Yeoh speaking in a Panel Discussion at the Boao Forum Financial Cooperation Conference in London. Next to him is H.E. Zhang Xiaoqiang former Vice Chairman NDRC China. The Boao Forum London Conference dinner: The former Prime Minister of France and former President of Indonesia among the Keynote Speakers. 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

15 THE 20TH MALAYSIAN CAPITAL MARKET SUMMIT Dato Sri Abdul Wahid Omar, Minister in the Prime Minister s Department arriving for the Special Keynote Address accompanied by Tan Sri Michael Yeoh, CEO, ASLI. ASLI organised its 20th Malaysian Capital Market Summit with the theme Coping with Headwinds, Restoring Market Confidence on 5th November 2015 at The Pullman Kuala Lumpur City Centre Hotel & Residences. This Annual Series of Malaysian Capital Market Summits, a landmark programme of the Asian Strategy & Leadership Institute (ASLI) aims to provide timely and reliable information and analysis to investors and market players. It is a high-level gathering of industry players, fund managers, investment analysts and research houses to feel the pulse of the Malaysian market, as well as to assess future strategic challenges and opportunities. it will enable participants to feel the tempo of development and take stock of the market. The Minister in the Prime Minister s Department Dato Sri Abdul Wahid Omar delivered the Special Keynote Address on Coping with Economic Challenges: Impact on the Capital Market. Dato Sri Abdul Wahid Omar said that Malaysia s banking system and capital market are now more resilient and able to withstand current economic uncertainties. He also said the capital market had enabled savings to be more efficiently Tan Sri Ramon Navaratnam, Director, ASLI presenting a memento to Dato Sri Abdul Wahid Omar. Looking on is Tan Sri Michael Yeoh. The distinguished speakers who spoke at the conference are Mr. P.K. Basu, Head of Malaysia Research & Chief ASEAN Economist, Macquarie Capital Securities Sdn Bhd; Mr. Michael Kurtz, Chief Asian Equity Strategist / Global Head of Equity Strategy, Nomura international Hong Kong Ltd; Puan Sri Fauzah Mohd Darus (wife of Tan Sri Abdullah Ahmad), Chairman, lnstitut Kajian Politik & Ekonomi l former Editor-in- Chief, New Straits Times and former Special Envoy to United Nation; Mr. Euben Paracuelles, Executive Director / Senior Economist, South East Asia, Nomura International Hong Kong Limited; Tan Sri Dr. Lau Ban Tin, Director, B..G. Industries Berhad; Mr. Adhha Abdullah, CEO, Standard Chartered Saadiq Berhad; Mr. Shan Saeed, Chief Economist and Investment Strategist, lql Group Holdings; Dato Dr. Mohd Nazri Khan Adam, Senior Associate Director / Head of Retail Research, Aflin Hwang investment Bank Berhad; Mr. Fad l Mohamed, Deputy CEO, Maybank investment Bank Berhad; Mr. Teoh Kok Lin CFA, Founder / Chief Investment Officer, Singular Asset Management; Mr. Anthony 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 Research, Affin Hwang Investment Bank Bhd, Mr Fad l Mohamed, Deputy Chief Executive Officer, Maybank Investment Bank Bhd, Mr Gan Kim Khoon, Director/Regional Head of Equity Capital Markets, RHB Investment Bank Berhad, Mr Teoh Kok Lin, CFA, Founder/Chief Investment Officer Singular Asset Management, Mr Anthony Dass, Chief Economist, AmBank Group. mobilised and utilised for capital formation. This has enabled the financing of critical public and private infrastructure, such as utilities, transportation and telecommunication, the Minister said at the Luncheon Address. He said many initiatives were undertaken by the Government, Bank Negara Malaysia and the Securities Commission to strengthen the financial system. Citing an example. he said the Financial Sector Master 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 objective was to evolve the financial system into one that was competitive, resilient and dynamic. We can never predict with certainty what will 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 sources of government revenue, diversity in our export market, and the strength of our banking system and financial markets, he said. Before concluding his speech, the Minister said that We all have to do our respective parts. We as a country and are not perfect and there are issues 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 parts, we will come out of this current challenging period successfully. When that happens we will see Malaysia achieving our aspiration to be an advanced economy in an inclusive and sustainable manner. From Left to Right: Mr. Euben Paracuelles, Executive Director/Senior Economist, SEA, Nomura International (HK) Ltd, Tan Sri Ramon Navaratnam, Mr P.K. Basu, Head of Malaysia Research & Chief ASEAN Economist, Macquarie Capital Securities Sdn Bhd, Mr Michael Kurtz, Chief Asian Equity Strategist/ Global Head of Equity Strategy, Nomura International Hong Kong Ltd. Amanah Mutual Berhad; Mrs. Munirah Khairuddin, CEO, CIMB- Principal Asset Management Berhad; Dr. Tan Chong Koay, Founder, PHEIM Asset Management Sdn Bhd; Dato Yusli Mohamed Yusoff, President, Malaysian Institute of Corporate Governance and last but not least, Mr. Quah Ban Aik, Head, Corporate Monitoring 8. Complaint Management, Minority Shareholders Watchdog Group. Topics discussed were on Malaysia s Economic and Political Challenges - lmpact on the Market from the Global and Regional Headwinds, lmproving Market Confidence and Attracting More Funds into the Malaysian Market: What More Needs to be Done, Equity and Bond Market Outlook: Where is the Market Heading?, Tapping on Savings and Retirement Funds - Future Prospects for Asset Management and Unit Trusts, Maximization ot Returns Through Proper Asset Allocation During the Crisis, and lmproving Corporate Governance and the Regulatory Framework to Enhance Shareholder Protection. About 130 participants attended the conference which was sponsored by Inter-Pacitic Securities and was supported by the Malaysian Alliance of Corporate Directors. Tan Sri Ramon Navaratnam presenting a memento to Puan Sri Fauzah Mohd Darus (wife of Tan Sri Abdullah Ahmad) presented paper on behalf of Tan Sri Abdullah Ahmad. From Left to Right: Tan Sri Dr Lau Ban Tin, Director, B.I.G. Industries Berhad, Mr. Pong Teng Siew, Head of Research, Inter-Pacific Securities Sdn Bhd, Mr Adhha Abdullah, CEO, Standard Chartered Saadiq Berhad. 15

16 SARAWAK BUSINESS & INVESTMENT SUMMIT YB Datuk Amar Hj Awang Tengah Ali Hassan (centre) having a brief discussion with Tan Sri Dato Dr Michael Yeoh (right) and Mr Prakash Chandran (left). Tan Sri Dato Dr Michael Yeoh (left) presenting a token of appreciation to YB Dato Sri Dr Hj Wan 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; Ms Rebecca Ling (Sarawak Cable Bhd); Tan Sri Datuk Amar Wilson Baya Dandot (RECODA); Tuan Hj Hasni Hj Suhaili (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) ASLI organised the 2nd Sarawak Business & Investment Summit themed Sarawak Rises: Driving Diversified Growth on 8th October 2015 at the Grand Margherita Hotel in Kuching. Supported by Ta Ann Holdings, Press Metal, Sarawak Energy, Siemens, Zecon, Bintulu Port, Cahya Mata Sarawak, Sarawak Cable, RECODA, Pelita Holdings, Institute of Management Sarawak and the Grand Margherita Hotel, the summit was attended by approximately 140 delegates. The summit kicked off with a keynote from Dato Sri Hj Fadillah Hj Yusof. Minister of Works Malaysia which highlighted the Pan-Borneo Highway and the Heart of Borneo projects. Session 1 on Construction and Infrastructure Development: Building for the Future featured Dato Richard Curtis (Cahya Mata Sarawak) and Tuan Hj Safri Hj Zainudin (Ministry of Infrastructure Development & Communications Sarawak) in a panel discussion moderated by Ir Dr Dominic Ong Ek Leong (Swinburne Sarawak Research Centre for Sustainable Technologies). The Opening Ceremony was held immediately after the first session Tan Sri Dato Michael Yeoh. Chief Executive Officer and Director of ASLI highlighted several areas of priority for the State: 3Es (Education, Environment, Employment); 3Cs (Competitiveness; Connectivity); and 3Is (lnclusiveness. Innovation & Integrity) in his Welcome Address. Datuk Amar Hj Awang Tengah Ali Hassan. Minister of Resource Planning and Environment II. Minister of Public Utilities. and Minister of Industrial Development Sarawak represented YAB Datuk Patinggi Tan Sri Dr Hj Adenan Hj Satem. Chief Minister of Sarawak to deliver the Opening Keynote Address, which touched on the government s plans for the various key sectors of the State especially construction. manufacturing. tourism and agriculture which are priority sectors under SCORE. In Session 2 on Sarawak Corridor of Renewable Energy: Powering the Future. Datu Haji lsmawi Hj Ismuni (State Planning Unit) touched on the Sarawak Transformation Plan. Tan Sri Datuk Amar Wilson Role-Players from Session 2 on Sarawak Corridor of Renewable Energy: Powering the Future (L-R) Mr. Prakash Chandran; Tan Sri Datuk Amar Wilson Baya Dandot; Tan Sri Datuk Amar Dr Hamid Bogo; Dato Hj Ismawi Hj Ismuni; and Datuk Torstein Sjotveit. Baya Dandot (RECODA) gave a comprehensive update on SCORE while Datuk Torstein Sjotveit (Sarawak Energy) focused on energy being the driving force of development in SCORE. The final speaker Mr Prakash Chandran (Siemens) spoke about C02 impact on energy generation and Siemens goal to become CO2 neutral. Tan Sri Datuk Amar Dr Hamid Bugo (Sime Darby) moderated the session. The third session was about Tourism in Sarawak: The Home of Adventure, which was moderated by Ms Mary Wan Mering of Sarawak Tourism Board. Mr Chew Chang Guan of Sarawak Convention Bureau highlighted MICE as an under-developed tourism revenue source while Mr Philip Yong of Sarawak Tourism Federation pointed out that diversity must be recognised as many people make a trip for multiple purposes. such as business together with sightseeing, eating and shopping. Titled Driving Manufacturing Growth: Attracting Investors & Benefiting from ASEAN Integration. Session 4 was moderated by Datuk Abang Haji Abdul Karim Tun Abang Haji Openg (SCCI). Mr Zabidi Mahbar (MlDA) gave an overview of investment inflow into the country, focusing particularly on Sarawak while Datu Salleh Sulaiman (BIMP- EAGA Malaysia Business Council - Sarawak Chapter) questioned how much opportunities flow to the private sector especially smaller players from the pie created by the government. The final session moderated by Prof Dr Kopli Bujang (UNIMAS) was on Revisiting Agriculture: The Future of Agro-Based and Plantation Industries. Mr Ong Ewe Hock (DuPont) brought attention to land management and the need to balance development with the needs of the local communities. Datu Lai Kui Fong (DOA Sarawak) highlighted the need for inclusivity to ensure small holders benefit and address the constraints of human capital. The summit ended on a high note with the Closing Ceremony by YB Dato Sri Dr Hj Wan Junaidi Tuanku Jaafar, Minister of Natural Resources and Environment Malaysia. Tan Sri Dato Michael Yeoh (ASLI) introduced the Minister, who in his Closing Address brought up the potential of women to contribute significantly to the economy. Session 5 on Revisiting Agriculture: The Future of Agro-Based and Plantation Industries. (L-R) Mr. Ong Ewe Hock; Prof Dr Kopli Bujang and Dato Lai Kui Fong. Tuan Hi Safri Hj Zainudin, Ir Dr Dominic Ong Ek Leong and Dato Richard Curtis speaking on Construction and Infrastructure Development: Building for the Future. 16 Dato Salleh Sulaiman, Dato Abang Hj Abdul Karim Tun Abang Hj Openg and Mr. Zabidi Mahbar deliberating on Driving Manufacturing Growth: Attracting Investors & Benefiting from ASEAN Intergration.

17 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 Michael Yeoh at her lecture on the UN Sustainable Goals. The then IDFR Deputy Director General Ambassador Alimahtun, UNDP Chief Helen Clark, ASLI CEO 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 with IDFR and ASLI. Sustainable DeveIopment Goals: Key Considerations for a People Centred ASEAN - was the subject of a Keynote Address by UNDP Chief Helen Clark. In his Keynote Address, YB Dato Sri Reezal Merican bin Naina Merican, Deputy Foreign Minister, stated the importance of establishing a people oriented and centred Asia. He also mentioned that as chairman of ASEAN in 2015, Malaysia is focused on specific targets, such as good governance, transparency and sustainable development, so that better development in all ASEAN would be conceivable. Tan Sri Michael Yeoh, CEO, ASLI, who moderated the lecture, noted in his opening remarks that during her time as Prime Minister of New Zealand, Ms Clark oversaw great economic growth, low levels of unemployment, improvements in education and comprehensive action on climate change. During her presentation, Ms Helen Clark outlined the goals and approaches laid out in the 30-page Sustainable Development Goals (SDG) document. She noted that if these measures were to be adopted, the world be a different place, and for the better. UNDP Chief Helen Clark (seated) with ASLI CEO Tan Sri Michael Yeoh, Deputy Foreign Minister Dato Reezal Merican and UNDP Resident Representative Michelle Gyles McDonough. Ms Clark explained that the goals are a bold, ambitious and universal agenda. Development is something that applies to all countries, and not something that happens to someone else. somewhere else. While the Millennium Development Goals (MDG) were know for their endpoints, such as ending poverty and child death, the new goals get into the how. This includes exploring issues of energy and reducing pollution, she noted. The SDGs have been developed in a very inclusive way, Ms Clark said. The process of reaching these goals has so far lasted about 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 are, and will be five specific challenges in reaching the SDGs: (1) Persistent inequalities and ongoing discrimination; (2) Jobs deficit and its implications, particularly for youth: (3) Mounting environmental challenges, including climate change, biodiversity loss, deforestation, and air, water, and soil pollution; (4) The impact of natural disasters; (5) Conflict. In closing, and before taking questions, Ms Clark reminded those in attendance that this is a big agenda. It will take a lot of political capital 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. World Bank Chief Economist for East Asia Dr. Sudhir Shetty at an ASLI Roundtable on World Bank s Global and Regional Outlook chaired by ASLI CEO Tan Sri Michael Yeoh. 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 promoting services sector. He also emphasized the need to address skill gaps and removing bottlenecks in the regulatory environment. 17

18 CFO SUMMIT 2015 Y.B. Datuk Johari Abdul Ghani, Deputy Finance Minister and Tan Sri Ramon Navaratnam, Director ASLI/ Chairman CPPS/SIF. 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 L-R: H.E. Vanu Gopala Menon, High Commossioner of Singapore; Tan Sri Michael Yeoh, CEO of ASLI; Y.B. Datuk Johari Abdul Ghani, Deputy Finance Minister; Puan Seri Susan Cheah; Tan Sri Ramon Navaratnam, Director of ASLI. 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 we had perspectives of the two top industries in Malaysia, Real Estate & L-R: Tan Sri Michael Yeoh, CEO of ASLI; Y.B. Datuk Johari Abdul Ghani; Tan Sri Ramon Navaratnam, 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 Malaysia and the way forward. NATIONAL UNITY & INTEGRATION SEMINAR (cont. from page 7) L-R: Dato Mohd Zahir Zahur Hussain, former Group Managing Director of Finance, Prasarana 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. ASLI CO-ORGANISED FORUM ON US ROLE IN EAST ASIA WITH US EMBASSY Having explored the differences of youth electoral engagement and socialdemographics 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

19 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 Civic Engagement and to promote young people s effective leadership and inclusiveness, the Centre for Public Policy Studies (CPPS) organised an event in which young people and young leaders voiced and discussed their concerns, ideas and solutions for the issues afflicting their generation and the country as a whole. The results of the event reflect the priorities of many young people. An estimated 60 participants ranging from the student leaders, entrepreneurs, politicians, and NGOs converged for a meaningful session of brainstorming and deliberation on issues faced by Malaysians in general. ASLl-CPPS Chairman, Tan Sri Ramon Navaratnam, provided the introductory remarks, while the keynote address was delivered by YB Senator Chong Sin Woon, Deputy Minister of Education. A panel discussion comprising YB Yeo Bee Yin, Selangor State Assemblywoman for Damansara Utama, Mr. Kenny Goh, CEO of Macro Kiosk Berhad, and Mr lvanpal Singh Grewal, Political Secretary to YB. Dato Mah Siew Keong, Minister in the Prime Minister s Department. The session was moderated by Ms Ng Yeen Seen, Senior Director of CPPS and COO of ASLl. Participants separated into three rotating groups for focus group discussions led by the three panellist, deliberating issues in work competitive, human rights and advocacy as well as good governance, integrity and political participation. A second focus group discussion conducted in the afternoon was facilitated TPPA ROUNDTABLE by Mr. Gan Ping Sieu, Co-Chairman of the Centre for A Better Tomorrow (CENBET) and Mr. Lim Teck Hoe, Chief Executive Office of ideaspark which covered the topics of social-inequality, education, and national unity. Towards the end of the focus group discussions, facilitators then presented findings and commentaries from the various youth leaders. Ms Wivina Belmonte, UNICEF Representative to Malaysia, was amongst the commentators who provided much valuable insight. Participants discussed various issues relevant toward young Malaysians such as recognising that young people have the enterprise, resilience and optimism to contribute to the prosperity of Malaysia. Barriers should be removed to allow participation of youths in politics. Discussion found that the aspirations and expectations of young people s in terms of well-being and social belonging are perceived to be threatened by factors such as low wages, insufficient skills (un-employability), rising cost of living, unaffordable housing options. At the same time, they are afraid to speak out due to censorship, repression and other constraints on freedom and civic rights. There were also concern for the development of democracy and protection of freedoms and Human Rights. There was also a great need for reforms, particularly rules for political financing. Issues of transparency, accountability and strict controls on the amount and origin of political donations are fundamental to ensure the viability of the Malaysian democracy. (Continue on page 23) Deputy Secretary General of MITI Dato Jayasiri addressing the roundtable. On 26 November 2015, the Asian Strategy & Leadership Institute (ASLI) and the Centre of Public Policy Studies (CPPS) organised a roundtable discussion with the theme, What does the Trans- Pacilic Agreement (TPPA) mean for Malaysia? at the Royal Lake Club. The event was organised to review the benefits and impacts of the TPPA when Malaysia becomes part of it. Approximately 50 participants attended the event comprising business leaders, academicians, and health experts, as well as various members of the media. Among distinguished speakers were Datuk J. Jayasiri, Deputy Secretary General at Ministry of International Trade and Industry of Malaysia (MITI); Ms Harjit Kaur from MlTl; Datuk Wira Jalilah Baba from MICCl; Tan Sri Dato Seri Dr. Mohd Ismail Merican from MAHSA University; and Prof. Rajah Rasiah from University of Malaya. Datuk J. Jayasiri delivered the opening keynote address giving participants an overview of what the TPPA encompassed, detailing the processes of how it Tan Sri Ramon Navaratnam presenting a memento to Dato Jayasiri. Former Director General of Health Tan Sri Dr. Ismail Merican and MITI Senior DIrector Harjit Kaur. was negotiated and why it was important for Malaysia to be included. He gave explanations on several of the key issues behind the treaty and concluded by asserting that Malaysia has a lot to gain joining the trade agreement. 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 mistake not to take part of it. Datuk Wira Jalilah Baba talked about the Regional Comprehensive Economic Partnership (RCEP), drawing parallels to how similar it was to ASEAN and TPPA. She described the various advantages and showed how Malaysians could benefits from both TPPA and RCEP. Tan Sri Dato Seri Dr. Mohd lsmail Merican focused his presentation on the sensitive issue of the pharmaceuticals. He pointed out the challenges Malaysians might face and how 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 TPPA will not offer many opportunities as many believed as some sectors will be confronted to new challenges. 19

20 TOURISM SUMMIT 2015 Ms. Elaine Kok welcoming Tan Sri Dr. Ong Hong Peng Secretary General, MInistry of Culture and Tourism accompanied by Tan Sri Ramon Navaratnam to the Tourism Summit 2015 Opening Ceremony. Tan Sri Dr. Ong Hong Peng sharing his thoughts on advancing the tourism industry with Tan Sri Ramon Navaratnam. Tan Sri Dato Sri Dr. Ng Yen Yen moderating the first session on Malaysia and ASEAN-What the future holds for tourism post-aec with panellist Tan Sri Dr. Ong Hong Peng. The Tourism Summit 2015 themed Connecting and Empowering Stakeholders took place on 30th July 2015 at Sunway Puta Hotel in Kuala Lumpur. 150 people comprising industry players, senior regulators, and prominent academics participated in the summit, which was endorsed by the National Tourism Council of Malaysia (NTCM), the Kuala Lumpur Tourism Association (KLTA), TTG Asia Media, Oxford Business Group, Aariana Hospitality lnternational, and The Business Year. Tan Sri Ramon Navaratnam, Chairman of ASLl-CPPS warmly welcomed the distinguished guests and delegates. In his welcoming remarks, Tan Sri Ramon highlighted several push and pull factors that he hoped the summit would discuss, as well as strategies to attract higher net worth visitors. Tan Sri Dr Ong Hong Peng, Secretary-General of the Ministry of Tourism and Culture Malaysia delivered the opening keynote address on behalf of his minister, Dato Seri Mohamed Nazri Abdul Aziz. He called upon all stakeholders to help in formulating and implementing strategies in the areas of efficiency, connectivity, sustainability and technology as the government focuses on attracting higher net worth tourists from medium haul markets. Session one was on Malaysia and ASEAN - What the future holds for tourism post-aec 2015? Tan Sri Dato Sri Dr Ng Yen Yen, former Minister of Tourism and former Chairman of Tourism Malaysia moderated the panel comprising Tan Sri Dr Ong Hong Peng; Tuan H] Mohd Taib Wahab, Deputy President of NTCM and Mr Aaron Chia, Executive Vice President of Resorts Operations from Genting Malaysia. They deliberated on the potential for ASEAN to benefit its member states, as well as problems such as political unrests, haze and opportunities from the sharing economy and big data. Session two entitled Connectivity and Infrastructure - The lifeblood of tourism was moderated by Mr Edward Clayton, Senior Executive Director of PwC Consulting Associates. YB Datuk Hj Talib Zulpilip, Assistant Minister of Tourism Sarawak; Dato Sri Azharuddin Abdul Rahman, Director General of Civil Aviation Malaysia; Mr Mohamed Sallauddin, General Manager of Marketing from Malaysia Airports Holdings and Ms Aude-Lise Combier, Country Manager of Air France-KLM made up the panel which discussed about passenger facilitation; flight scheduling, airline alliances and open skies; and airport infrastructure development. Tan Sri Ramon Navaratnam (R) and Mr. Max Say (L) of ASLI sharing a few words with Tan Sri Dr. Ong Hong Peng. The third session on Promotion - Maximising returns from tourism development had Mr Reginald T. Pereira, President and CEO of Aariana Hospitality International moderating the discourse with Prof Amran Hamzah of Universiti Teknologi Malaysia, Mr Robert Basiuk of Borneo Adventure and Mr K. Mohanachandran of Rimba Mulia concerning value creation, market segmentation and challenges from internal and external stakeholders. Tuan Hj Mohd Taib Wahab moderated the fourth session entitled Innovation - Thinking out-of-the-box in tourism. The rise of stay-cation, creative marketing using the internet, and a mind-set of looking at problems and pain points as opportunities to innovate were examined by the panel comprising Mr Vedanarayanan V., Head of Marketing from Stayzilla in India; Mr Prashant Pathmanaban, Head of Technology, Telecommunications and Tourism of Google Malaysia; Ms Jenny L. Shabudin, Chairman of the Tourism Focus Group from the Malaysian International Chamber of Commerce and Industry; and Mr Raj Kumar, Vice President of Global Consulting from UCSI Consulting Group. Session five was on Sustainability - A joint responsibility in greening tourism. Mr Anthony Wong, Group Managing Director of Asian Overland Services Tours and Travel moderated the panel with YB Elizabeth Wong, Selangor State EXCO for Tourism, Consumer Affairs and the Environment; Mr Sam Cheah, President of the Malaysian Association of Hotels; and Dr Vikneswaran Nair, Programme Leader for the Responsible Rural Tourism Network from Taylor s University. They scrutinised the government s role in enforcement of regulations and empowerment of local communities, initiatives such as the Green Building Index and Value Food, No Waste Campaign and the rise of responsible tourism. In the final session entitled Collaboration with Other Industries - Building bridges in niche tourism, Mr Edward Clayton moderated the dialogue about medical tourism, culinary tourism and shopping tourism with Ms Sherene Azura Azli, CEO of Malaysia Healthcare Travel Council; Dato Dr Chan Kok Ewe, Medical Director of Island Hospital; Dr Souji Gopalakrishna Pillai, Head of the School of Hospitality and Tourism of HELP University and Mr Kevin Tan Gar Peng, COO of Sunway Shopping Malls. Mr. Sam Cheah looking on as YB Elizabeth Wong, Selangor State Exco shared her thoughts on the topic of Sustainability - A Joint Responsibility in Greening Tourism. 20 The roleplayers for session two on Connectivity & Infrastructure - The Lifeblood of 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.

21 CPPS EDUCATION ROUNDTABLE On 19 August 2015, CPPS held back-to-back Roundtable Discussions (RTD) on issues relating to the state of Malaysia s Education System at the Malaysian Houses of Parliament (Bangunan Parlimen). 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 presentations by Mr. Davies Danavaindran, Vice President, Federation of Malaysian Manufacturers; Ms. Alice Phang, Group HR Director, Sunway Resort Hotel & Spa; Dr. Malini Eliatamby, Vice-President (Teaching Learning Innovation) & Deputy Vice Chancellor (Academic Innovation), lntl Education Group; and Datuk Eric Chong, CEO/Founder Erican Education Group. Some key takeaways from the session were that: across the whole education sector and begin from when a child first enters the system; opportunity, should form the basis on which the education sector is built; greater focus to be put on the study of English. Not only should English be taught from Pre-School, as fluency is easier to achieve through immersion at a young age, but university English tests should be tightened so as ensure higher standards; them to do should be addressed through closer contact and collaboration between firms and universities. This could include career talks, campus partnering, industrial partnering and the promotion of early internships. The second RTD focused on Technical Vocational Education and Training (TVET) as a way to raise labour productivity. It featured panel presentations by Puan Hajah Zalihar Binti Abdul Ghani, Director, Technical and Vocational Division, Ministry of Education; Mr. Yusoff Bin Md Sahir, Managing Director, Malaysian German Institute; and Celia Yeo - Education Services Director for South East Asia, Victorian Government Business Office. Some key takeaways from the session were that: across the whole education sector and begin from when a child first enters the system; Malaysia. However, it continues to be viewed as a blue collar career path - as emphasised through lower wages than those with traditional academic qualifications. Changing this perception must be a key focus; it as a genuine and desirable career pathway that instils essential skills and values in students; template model to be used in Malaysia: investment or funding (predominantly government funded, but companies and individuals also contribute); quality providers (training primarily conducted by private sector); quality assurance; industry engagement and portability; with industry, and industry input should recommend for occupational competencies in each qualification as they are best placed to know the strengths and deficiencies of TVET graduates; instruction in most vocational colleges, making students internationally 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 for a Better Tomorrow (CENBET) and Tan Sri Ramon Navaratnam, Chairman of the Centre for Public Policy Studies (CPPS) welcoming the 60 participants. As moderator, Tan Sri Ramon shared some personal experience in his introduction of the topic of discussion. He portrayed the spirit of euphoria present in Malaysia when it first became independent and urged the audience to focus on lessons that can be learnt from past mistakes and steps that can be taken to rectify them to recapture the spirit of unity. The first speaker, Mr Gan Ping Sieu, Co-President of CENBET challenged Malaysians perspectives on identity. He argued that we should not allow ourselves to conform to a single identity as we have various identities according to nationality, religion, ethnicity, family et cetera. Identity should 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 country s interests first while celebrating unity in diversity. Mr Khairil Azmi Hasbie, Former Chair of the Sarawak Law Association spoke about the strained relationship between Sarawak and Sabah with Peninsular Malaysia, likening it to a failed marriage. He lamented the loss of status and the multitude of unfulfilled promises from the federal government, which has resulted in a wave of cynicism impeding national unity. He explained that Malaysians have been taking a passive stance on these issues, and called for greater urgency in addressing them. Mr Jahabar Sadiq, Chief Executive of The Malaysian Insider agreed on the issue of identity but felt that they were more pressing matters, namely Prime Ministers overstaying their welcome through various policies to help progovemment supporters. He also highlighted the lack of constructive comments on social media, where much poisonous content can be found which are reflective of the anger of the people. The solution is to act on rather than to agonise over the problem. He felt that there could never be one Malaysia due to the multitude of differences a result of the integration of numerous civilizations in Malaysia. In closing, he suggested for policies to be need-based instead of race-based. Mr Premesh Chandran, the CEO of Malaysiakini acknowledged the difficulty in achieving national unity in many countries around the world. The biggest hindrance is the urban-rural divide rather than the racial divide. Barisan Nasional s New Economic Policy and Wawasan 2020 were good initiatives towards national unity, but moving forward. the future problem solvers would our young people who challenge the system rather than those who try to succeed within the system. He stressed that financial aid should be given to young people to produce revolutionary ideas, even if the ideas cause conflict, if we were to truly become sehati sejiwa. After the speakers shared their thoughts, the public was invited to join in the discussions, which centred on issues hampering national unity and how we could truly achieve sehati sejiwa. Mr Jahabar offered three suggestions: (1) getting out of our comfort zone to talk to strangers, (2) writing more about the issues in Malay, and (3) getting into groups to keep our MPs accountable. Mr Khairil stressed on the need to create awareness in young people that holding the government accountable is not a crime but rather a duty for every Malaysian. Mr Premesh proposed for various professions to create foundations sponsoring education for needy young people, especially those from a different 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. Tan Sri Ramon was in favour of this idea and offered a donation to kick start such foundations. The forum ended on a positive note with optimism that we can have a better, more united Malaysia if Malaysians stood up to reclaim our country by being 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 Geopolitics and Geoeconomics in a Changing Environment, Asia s Business Survival Strategy - How to Align Your Business Strategy to Cope with the New Normal in Asia: Turning Challenge into Opportunity, and last but not least China s Economy: Crisis or Opportunity. Among the distinguished speakers who spoke in the summit are Dr. Ulrich Zachau, Regional Director for South East Asia, The World Bank Group; H.E. Ambassador Joseph Yun, Ambassador of the United States to Malaysia; H.E. Ambassador Dr. Makio Miyagawa, Ambassador of Japan to Malaysia; H.E. Judith St. George, High Commissioner, High Commission of Canada; Ms. Anita Prakash, Director-General (Policy Relations), Economic Research Institute for ASEAN & East Asia (ERIA) Indonesia; Prof. Dr. Lee Poh Ping, Senior Research Fellow, Institute of China Studies, University of Malaya; Professor Annie Koh, Vice President, Office of Business Development, Singapore Management University (SMU); Mr. Edward Clayton, Senior Executive Director, PwC Strategy& (Malaysia) Sdn Bhd; Mr. Ong Ewe Hock, Managing Director, DuPont Malaysia Sdn Bhd; Mr. Stuart Dean, Senior Advisor, ASEAN Advisory Pte Ltd; Dato Abdul Majid Khan, President, Malaysia China Friendship Association / former Ambassador to China; Prof. Dr. Hoo Ke Ping, Director, Regionhub Engineering Sdn Bhd / Independent Macro Consultant; and last but not least Dr. Cheong Kee Cheok, Senior Research Fellow, Faculty of Economics and Administration, University of Malaya. About 120 participants attended the summit which was sponsored by Siemens Malaysia Sdn Bhd as Strategic Partner; Corporate Partner - the Hong Kong Economic & Trade Office; and Associate Sponsor - The University of Nottingham. 21

22 STRATEGIC ISSUES FORUM - POST BUDGET 2016 DIALOGUE Deputy Finance Minister Dato Chua Tee Yong officiating the Strategic Issues Forum on the 2016 Budget. Ma. Pauline Lum, PriceWaterhouseCoopers, Dato Dr. Sundram Annamalai, Tan Sri Ramon 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 measures to mitigate the effects of falling commodity process, the depreciating ringgit and other external economic challenges. There are also challenges in relation to developing measures to alleviate pressure caused by the rising cost of living. With this in mind, CPPS, CMR & SIF of ASLI organised The Post Budget 2016 Dialogue exclusively for the members to further understand the budget and the benefit for Rakyat. We were honoured to receive YB Datuk Chua Tee Yong, Deputy Finance Minister of Malaysia to open and provide the keynote titled: A People-Centric Budget: What Does This Mean for the Rakyat? YB Datuk Chua made himself available for a quick Q & A with the panellist as well as audience as there were several burning questions that has to be extinguished such as GST implementation and further more. Following the Q & A, panels of experts comprising Y.Bhg. Dato Dr. Sundaran Annamalai, Deputy Secretary General (Policy) Ministry of Finance, Datuk Jalilah Baba, President of Malaysia International Chamber of Commerce & Industries (MlCCl), Dr Lee Hwok Aun, 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 CEO Malaysia RoundTabIe (CMR) & Strategic Issues Forum (SIF) organised The Aftermath of Singapore s 13th General Elections on 30th September 2015 for half day at the Bankers Club. We were honoured to receive Ambassador K. Kesavapany, former Singapore High Commissioner to Malaysia and Adjunct Professor at Lee Kuan Yew School of Public Policy Singapore who took time off his busy PWC deliberated the speech and provided insights of what the budget could hold for business experts and individuals for Overall conclusion was that there is consensus that it has been very tough Budget to design, which overall come out very well and is quite balanced. The Budget managed to address its targets of good growth of 4-5%, inflation rate of 2-3% which is valuable targets that need to be adhered to. However, it was obviously a popular budget as there were no increases in taxation, apart from toward the higher income group, which makes it a more progressive budget which has been generally welcomed. There are also a lot of reliefs, where a great deal is allocated to improve the welfare of the lower income group. However, because this is the first year of the last Malaysia Plan towards Vision 2020, there were expectations for more structural changes, such as the adoption of the New Economic Model. There is also a need to look at the Budget in its overall context on issues such as transparency and corruption. The dialogue was well received and the exclusive attendees were happy with the takeaway that they could examine further as the year goes by. schedule to enlighten us on what transpired during pre & post-election day. Tan Sri Ramon Navaratnam, Chairman of SIF & Tan Sri Michael Yeoh, Chairman of CMR was present to introduce and facilitate the Q & A in this intimate roundtable. This one-off roundtable was attended by 40 top business & thought leaders along with ambassadors and high commissioners to Malaysia. Tan Sri Michael Yeoh, Dato Robert Teo, Singapore High Commissioner Vanu Gopala Menon, Ambassador Kesavapany and Tan Sri Ramon Navaratnam. Dato Robert Teo, Tan Sri Ramon Navaratnam, South Africa High Commissioner and Ambassador Kesavapany. 22

23 URBAN TRANSPORTATION FORUM Tan Sri Michael Yeoh, CEO, ASLI; Mr. Azharuddin Mat Sah, CEO SPAD; Ms. Jean Wong, Senior Advisor, ASLI. Left to Right: Mr. Kanesan Veluppillai, President & CEO Scomi International & Scomi Engineers; Mr. 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 of Logistics Ministry of Transport; Puan Seri Susan Cheah; Ms. Jean Wong, Senior Advisor, ASLI. Left to Right: Mr. Azharuddin Mat Sah, CEO, SPAD; Tan Sri Michael Yeoh, CEO, ASLI; Mr. Peter Phang, 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). 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 Companies; Mr. Siva Shanker, Immediate Past President, Malaysia Institute of Real Estate Agents. Left to Right: Mr. Nur Ismal Mohd Kamal, CEO, MyHSR Corp.; Mr. Shan Saeed, Chief Economist / Investment Strategist, IQI Group; Mr. Ho Chin Soon, Director of Ho Chin Soon Research. The Urban Transportation Forum by Asian Strategy & Leadership Institute with the theme Strategising & Enhancing the Malaysian urban public transport was held on 6th of October 2015 at Sunway Putra Hotel Kuala Lumpur. The 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. 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 growing cities of Malaysia & special insight into the KL Singapore High Speed 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 invited were Mr Goh Bok Yen, Traffic ConsultantMAG Technical & Development Consultants Sdn Bhd Mr. Shan Saeed Chief Economist/ Investment Strategist, IQI Group Holdings Mr. Ho Chin SoonDirector, Ho Chin Soon Research and Mr Peter Phang,Area ManagerBuses and Coaches, Scania Southeast Asia. The next session was on Shaping and structuring Malaysia s integrated rail planning - The start of new modern rail transit where Mr. Kanesan Veluppillai President & CEO Scomi International, Scomi Engineering Bhd kindly joined us as moderator and the invited panellist were Mr. David Starbuck Head of Rail Design Opus International Consulting (M) Bhd, Mr. S.M. Sabri Ismail Executive Vice President (R&D, Project Development Div) Syarikat Prasarana Negara Berhad and Mr.Yuslizar bin Daud Head of Rail & MRT Division Land Public Transport Commission (SPAD). 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. We had 3 major industry players ; Dr. Daniele Gambero Chief Executive 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 Choy Hin Managing Director G&P Highway and Transportation Sdn Bhd. The closing keynote was on 11th Malaysian Plan on public transportation improvement. Y.B Datuk Seri Liow Tiong Lai Minister of Transport Malaysia was represented by Mr Veejendran Ramdas, Head of Logistics of Ministry of Transport to read out the closing speech on his behalf. 2ND CPPS YOUTH PUBLIC POLICY ROUNDTABLE (cont. from page 19) Malaysia has to commit itself to protecting Human Rights if it wants to be recognised as an advanced country at the forefront of civilisation. For this purpose, educating the Malaysian people about Human Rights as inherent and inalienable guarantees protecting all human beings is crucial. Education is the greatest equaliser and as long as access to quality education remains unequal, Malaysia will be unable to achieve the goal of being a society in which everyone has the same opportunities to succeed in life. National Unity remains a weak spot of Malaysia. There is a strong perception among the youth that, for all the official talk on National Unity, there are many laws and policies that in fact provoke disunity because they exacerbate racial and cultural fault lines. in other words, the institutionalised racism practised by the government undermines efforts to achieve a harmonious, cohesive society with a unified national identity. 23

24 WORLD CHINESE ECONOMIC SUMMIT PICTORIAL HIGHLIGHTS ASLI Chairman Tan Sri Dr. Jeffrey Cheah having a light chat with H.E. Susilo Bambang Yudhoyono at the Patron s Welcome Dinner and Lifetime Achievement Awards Conferment Ceremony. H. E. Zeng Peiyan, former Vice Premier of China and Chairman of the China Centre for International Economic Exchanges delivering the Luncheon Keynote Address, whilst Tan Sri Michael Yeoh looks on. Tan Sri Michael Yeoh having a chat with Deputy Prima Minister of Malaysia Y.A.B. Dato Seri Dr. Ahmad Zahid Hamidi. 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 Sri Liow Tiong Lai, Datuk Seri Mohamed Iqbal Rawther and Tan Sri Dr. Jefrrey Cheah looks on. Sir Sherard Cowper-Coles representing Mr. Stuart T. Gulliver, Group Chief Executive of HSBC Holdings PLC receiving the Lifetime Achievement Award for Leadership in Global Banking. Dr. Gerard Lyons representing Mayor of London, Boris Johnson receiving the Lifetime Achievement Award for Civic Leadership. Distinguished Panellists of the session: The Belf and Road: Moving Paradigm, Addressing Challenges and Realisisng Opportunities: Co- Chairman, China-Pakistan Economic Corridor Council Dr. Yan Lijin, Director of Kokoda Capital Group Mr. Michael A. Johnson, Chairman of Chinese International Economic Cooperation Association Mr. C.Y. Wang and Senior Advisor of China Daily Asia Pacific Mr. Alexander Wan. Dr. Geoffrey Chow presenting the WCEF Compendium book to YB Dato Sri Liow Tiong Lai, Whilst The Rt Hon Lord Howell of Guildford and Sir Paul Judge look on. Esteemed Panellists of the session: China in the New World Economy - What is next for China and the World? Dr. Frank-Jurgen Richter Chairman of Horasis, Mr. Rajiv Biswas, Senior Director and Asia-Pacific Chief Economist, IHS Global Insight and Mr. Charles Tang, Chairman of 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, Alderman of the City of London and Founder of Judge Business School Cambridge University. COO Ms. Ng Yeen Seen and Mr. Edmond Yeo JP with the Asia House team, ASLI team and WCES Volunteers. Mr. Edmond Yeo JP, Ms. Janet How, Datuk Heng Seai Kie, Ms. Ng Yeen Seen, Ms. Amy Wong, Mr. Max Say, Mr. Jordan Heng and Mr. William Lye at the Appreciation Dinner for WCES. WCES Senior Programme Director / COO of ASLI Ms. Ng Yeen Seen and Co- Head, Conference Admin of ASLI Ms. Janet How. Mr. C.Y. Wang former Chairman China Steel Corporation speaking at the session. The Belf and Road Moving Paradigm, Addressing Challenges and Realising Opportunities. Looking on are Dr. Yan Lijin and Mr. Michael A. Johnson. Mr. Tan Sein-Way, Dr. John So, Tan Sri Michael Yeoh, Prof. Dr. Kriengsak Chareonwongsak and Dr. Elizabeth Lee at the Patron s Welcome Dinner and Lifetime Achievement Awards Conferment Ceremony. 24