Best Of Malaysia volume 2
Best Of Malaysia
Best Of Malaysia
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M A L A Y S I A<br />
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY<br />
2 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 3
4 | <strong>Best</strong> of <strong>Malaysia</strong>
M A L A Y S I A<br />
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 5
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Publisher’s Note<br />
Marking <strong>Malaysia</strong> on<br />
the World Stage<br />
We’re back with the second edition of <strong>Best</strong> of <strong>Malaysia</strong> and we<br />
promise pages showcasing what this country has to offer every<br />
single one of you. Whether it is investment opportunities, the<br />
best places to visit in one of our 13 states and three Federal<br />
Territories, international partnerships with leading countries or<br />
achievements that <strong>Malaysia</strong>n citizens are creating to stamp and<br />
solidify a global presence, this edition of <strong>Best</strong> of <strong>Malaysia</strong> will<br />
have you covered.<br />
International Group Publisher<br />
Sven Boemeester<br />
Publisher & Chief Editor<br />
John Lim<br />
Project Team<br />
Theresa Pok<br />
Fiona Lim<br />
Adeline Chin<br />
Creative Production<br />
Mooi Leng<br />
Max Tan<br />
Editorial Team<br />
Punitha Kumar<br />
Thiagarajan Duraisamy<br />
Siti Noor Aziah Binti Othman<br />
Published by<br />
AcePremier.com Sdn Bhd<br />
N-2-6 Plaza Damas,<br />
60 Jalan Sri Hartamas 1,<br />
50480 Sri Hartamas,<br />
Kuala Lumpur, <strong>Malaysia</strong>.<br />
Tel: +603-6203 2522<br />
Email: info@acepremier.com<br />
The year 2016 has not ended but <strong>Malaysia</strong> has been at the<br />
forefront of many strong agreements forging ties with the world.<br />
This includes being part of the Association of Southeast Asian<br />
Nations (ASEAN) Economic Community (AEC). This is a historical<br />
milestone for the country as it taps into a 600 million-backed<br />
population with a market of USD2.6 trillion set to transform the<br />
region into a single market and production base with a highly<br />
competitive advantage to make it a region to be reckoned<br />
with. China’s largest ASEAN trading partner, <strong>Malaysia</strong> is also<br />
charting success by developing maritime links in a freight system<br />
dominated by European shippers via Beijing’s Maritime Silk<br />
Road. The plans to materialise this is ongoing but with all the<br />
global attention we are receiving, this publication will have you in<br />
the know of what’s essential to move forward.<br />
On that note, we would like to thank all our partners whose<br />
support and contributions have made the second edition of<br />
<strong>Best</strong> of <strong>Malaysia</strong> possible. It is our hope that this book presents<br />
<strong>Malaysia</strong> as the ideal business and lifestyle destination to a<br />
global audience.<br />
In association with Global Village Partnerships<br />
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Foreword<br />
Message by<br />
PRIME MINISTER MALAYSIA<br />
<strong>Malaysia</strong>, a country that has achieved great strides in economic and social<br />
development in the past 59 years of nation building, is well on its way of<br />
becoming a force to be reckoned with on a regional and global stage by the<br />
year 2020. As we embark on an important mission towards a progressive<br />
and high-income nation, as envisioned in Vision 2020, <strong>Malaysia</strong> can no<br />
longer rely on past strategies and approaches that had previously driven<br />
our economic growth. We need a new approach, a new enthusiasm and a<br />
new determination driven by the 1<strong>Malaysia</strong> spirit, to propel the country onto<br />
levels of higher growth.<br />
In line with this, we have rolled out several initiatives which include<br />
the Government Transformation Programme (GTP) and the Economic<br />
Transformation Programme (ETP) which will drive <strong>Malaysia</strong> towards a highincome<br />
status and global competitiveness.<br />
<strong>Malaysia</strong> has been at the forefront for many key international partnerships<br />
and collaborations. This includes the culmination of an economic bloc by<br />
the 10-member states of Association of Southeast Asian Nation (ASEAN)<br />
called the ASEAN Economic Community (AEC) followed by the signing of<br />
the Trans-Pacific Partnership agreement (TPPA) which allows freer trade,<br />
expanding markets and reducing tariffs and targeting projects along the<br />
Maritime Silk Road via joint venture initiatives with China.<br />
However, these initiatives will require time and effort. In fact, this requires<br />
redoubling our efforts to attract investment, drive productivity and<br />
innovation. With the publication of <strong>Best</strong> of <strong>Malaysia</strong> showcasing the<br />
contribution, achievements, ambition and aspirations of <strong>Malaysia</strong>ns, I would<br />
like to extend my invitation to both local and foreign investors to join and<br />
be a part of the Government’s vision of transforming <strong>Malaysia</strong> into a highincome<br />
developed nation by 2020.<br />
As such, through the pages of <strong>Best</strong> of <strong>Malaysia</strong>, I hope you would be able<br />
to read, view and see for yourself the success stories and opportunities<br />
available in this country. I take great pride in all the institutions, companies<br />
and individuals featured in <strong>Best</strong> of <strong>Malaysia</strong>. I am also extending an<br />
invitation to both local and foreign investors to come and be a part of the<br />
government’s vision of a better <strong>Malaysia</strong>.<br />
I hope you will be inspired as it is an honour to share these achievements<br />
with you as we, the government, continue to act as a regulator and catalyst<br />
while upholding the principles of 1<strong>Malaysia</strong>: People First, Performance Now.<br />
DATUK SERI MOHD NAJIB RAZAK<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 9
Foreword<br />
Message by<br />
MINISTRY OF<br />
INTERNATIONAL TRADE AND INDUSTRY<br />
<strong>Malaysia</strong> is well on track to achieve its high-income nation status by the<br />
year 2020.<br />
As an open economy with a relatively small market of 30 million people,<br />
<strong>Malaysia</strong> needs to continuously look beyond its borders for trade, investment<br />
and economic growth. As such, we have been involved in several key regional<br />
economic integration initiatives such as the ASEAN Economic Community (AEC)<br />
and the Trans-Pacific Partnership Agreement (TPPA).<br />
The formation of AEC is meant to promote closer economic integration within<br />
the region, especially through continuous removal of trade barriers that will<br />
help boost intra-ASEAN trade and investment. This initiative is vital given the<br />
potential of ASEAN to remain as a magnet in attracting investments from other<br />
parts of the world.<br />
Meanwhile, participation in the TPPA will provide <strong>Malaysia</strong> with preferential<br />
access to the market of more than 800 million people with a combined GDP of<br />
USD27.5 trillion. More importantly, <strong>Malaysia</strong> will gain access into four countries<br />
which it currently doesn’t have an FTA with, namely the United States, Mexico,<br />
Peru and Canada.<br />
This preferential market access in terms of goods, services, investment and<br />
government procurement, will help further promote our trade and investment<br />
agenda. It will also ensure that <strong>Malaysia</strong> moves in tandem with regional and<br />
global developments, especially in keeping abreast with our competitors and<br />
also to keep pace with international standards; which will continue to make<br />
<strong>Malaysia</strong> an attractive investment destination within the Asia Pacific region if not<br />
the rest of the world.<br />
MITI continues to drive productivity, promoting innovation and formulating<br />
policies that will be crucial in creating and enabling an environment that is<br />
conducive for business while strengthening our relationship with global trading<br />
partners. We are committed in driving the transformation to propel <strong>Malaysia</strong> into<br />
becoming a high-income nation by 2020.<br />
Despite facing global economic challenge, we are confident that our hard work<br />
for the country is paying dividends. The country’s trade in 2015 was RM1.446<br />
trillion, an increase of 1.2% from RM1.448 trillion the previous year. <strong>Malaysia</strong><br />
also registered a trade surplus of RM94.29 billion in 2015, a 14.3% growth<br />
from 2014.<br />
Thus, the publication of <strong>Best</strong> of <strong>Malaysia</strong> is timely in showcasing our initiatives<br />
and successes. I would like to congratulate the publishers for rolling out the<br />
second edition of this magazine and hopefully this publication will inspire<br />
<strong>Malaysia</strong>ns worldwide.<br />
MITI: Driving Transformation, Powering Growth<br />
DATUK SERI MUSTAPA MOHAMED<br />
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Foreword<br />
Message by<br />
MINISTRY OF TOURISM AND CULTURE<br />
<strong>Malaysia</strong> was crowned Asia’s Leading Destination at the World Travel Awards Asia<br />
& Australasia 2015, the 4th World’s <strong>Best</strong> Retirement Haven, No.1 in the World’s Top<br />
Muslim-friendly Destination and Medical Travel Destination of the Year.<br />
With a bustling economy and melting pot of tradition, it comes as no surprise that<br />
<strong>Malaysia</strong> remains a top-of-the-mind destination for international tourists.<br />
Inseparable and complementary, culture and tourism are inevitably like two sides of<br />
a coin. Through tourism, we present our infinite natural heritage. It is a fact that both<br />
culture and tourism captivate visitors both domestic and international to reach the<br />
fascinating destinations in our country. The many tourism landscapes, abundance of<br />
biodiversity and unique blend of cultural heritage, cuisine and arts have positioned<br />
<strong>Malaysia</strong> as a must-visit global destination.<br />
I wish to congratulate the <strong>Best</strong> of <strong>Malaysia</strong> team for producing this meaningful<br />
representation of the country. In line with the mission and vision of the Ministry<br />
of Tourism and Culture (MOTAC), I am confident the synergy of tourism and<br />
culture shall provide <strong>Malaysia</strong> a greater impetus to move forward and contribute<br />
significantly in welcoming the world to <strong>Malaysia</strong>. As such, we are pleased to share<br />
the fascinating elements and culture of our beloved country with the world.<br />
<strong>Malaysia</strong>, Truly Asia<br />
DATUK SERI MOHAMED NAZRI ABDUL AZIZ<br />
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CHAPTERS<br />
1 Property Development 110 5<br />
Oil & Gas 134<br />
2 6<br />
Construction 118 Retail 140<br />
3 7<br />
Telecommunications 124 Automotive 150<br />
4 8<br />
Courier & Logistics 132 Education & Learning 154<br />
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9<br />
Health & Beauty 164<br />
14<br />
Timber & Wood 188<br />
10<br />
Travel Attractions 168<br />
15<br />
Plantation & Agriculture 192<br />
11<br />
Hotels 174<br />
16<br />
Halal Business 196<br />
12<br />
Medical Travel 180<br />
17<br />
Charity 200<br />
13<br />
Electrical & Electronics 184<br />
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Executive Summary<br />
<strong>Malaysia</strong> has come a long way from<br />
its days breaking into the international<br />
arena as a spice route through<br />
Straits of Malacca. Today, a simple<br />
Google search yields thousands if not<br />
millions of results showcasing the<br />
country’s participation in key economic<br />
partnerships, humanitarian projects<br />
and services both on a national and<br />
international scale. The over 30-million<br />
people strong country is not only at the<br />
centre of trade and cultural exchanges,<br />
but is also fast becoming a home away<br />
from home for a growing number of<br />
expatriates realising the country has<br />
ample amounts of opportunities to<br />
work and lead a healthy lifestyle.<br />
STRATEGICALLY-PLACED<br />
The country amassed international<br />
limelight in the 16th century. In 1511,<br />
the state of Malacca was occupied by<br />
the Portuguese for its location as a port<br />
connecting countries from the Pacific<br />
Ocean to the east, during the booming<br />
times of the spice trade. The colonisation<br />
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soon left the hands of the Portuguese<br />
and went to the Dutch who, apart from<br />
expanding the spice trade route, also<br />
reaped another major natural resource that<br />
was abundant within the region – tin.<br />
However, by early 19th century the Dutch<br />
left and it was the British who ruled<br />
and made the most prominent mark<br />
within the country till this very day. Still<br />
adopting several concepts from federal<br />
administration to using British English as<br />
the medium taught in national schools<br />
and even to the extent of driving on the<br />
left side of the road, the country is grateful<br />
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for several initiatives but it has certainly<br />
carved its own name on the international<br />
plaque through its own drive and<br />
determination.<br />
It has been 59 years since <strong>Malaysia</strong><br />
achieved independence from the British.<br />
Today, the country is not only known for<br />
its rich and abundant natural resources,<br />
but as a world palm oil producer second<br />
only to Indonesia, the world’s top<br />
sukuk (Islamic bond) issuer in 2014,<br />
won Olympic medals, a host nation for<br />
international sporting events such as<br />
Formula1 and Formula E and houses the<br />
world’s tallest twin towers apart from the<br />
sixth largest shopping mall, has dedicated<br />
entertainment zones and a growing<br />
number of international schools, colleges<br />
and universities.<br />
BEING MALAYSIAN<br />
The country has four main religions and<br />
races, a host of festivities throughout the<br />
year, food choices that will have you take<br />
time in deciding on what to eat for the<br />
day, a young and talented workforce and<br />
according to the Economist Intelligence<br />
Unit’s Global Liveability Survey 2015,<br />
the country is ranked second among<br />
Southeast Asian countries, garnering a<br />
spot as a leading liveable nation. And<br />
if you ask a local, what does it mean<br />
being a <strong>Malaysia</strong>n? The answer will most<br />
probably include all of the above factors,<br />
not forgetting the immensely insane traffic,<br />
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parking woes and the usage of Manglish<br />
(a combination of English and Malay<br />
spoken informally by most, if not all) if you<br />
are looking for a sarcasm-laced reply.<br />
But, which country does not have its ups<br />
and downs? What matters is how it pulls<br />
through it all and still performs at the end<br />
of the day. A part of this comes from the<br />
country’s talented citizens. This includes<br />
having the first female athlete to bag an<br />
Olympic medal through the diving skills of<br />
Sarawakian Pandelela Rinong and having<br />
entrepreneur Tan Sri Tony Fernandes<br />
successfully turning a governmentlinked<br />
airline into a commercial budget<br />
airliner, ranking him 33rd on Forbes Asia’s<br />
<strong>Malaysia</strong>’s Richest 2015.<br />
The Heart of Asia: A Fast-Rising<br />
Economy<br />
While the actual geographical centre of<br />
Asia is near Urumqi in East Turkestan<br />
(Xinjiang), literal location aside, <strong>Malaysia</strong><br />
is a country regarded as the heart of Asia<br />
with its fast-rising economy.<br />
Here’s several reasons why. The country<br />
recently inked a deal with China to<br />
develop the 21st century Maritime<br />
Silk Road – to create the modern-day<br />
equivalent of the historic Silk Road. The<br />
plan aims at having new land and water<br />
routes tying China to trading partners all<br />
the way to Europe and will also envision<br />
building high-speed railroads, roads<br />
and highways, energy transmission<br />
and distribution networks and fibre<br />
optic networks. Cities and ports along<br />
the route will be targeted for economic<br />
development.<br />
Apart from that, <strong>Malaysia</strong> is part of the<br />
Association of Southeast Asian Nations<br />
(ASEAN)’s ASEAN Economic Community<br />
(AEC), an economic bloc set to become<br />
the second largest common market after<br />
the European Union (EU).<br />
To give a solid picture of ASEAN’s<br />
collective potential, the International<br />
Monetary Fund (IMF) and the Asian<br />
Development Bank (ADB) predicted<br />
ASEAN’s GDP growth at 5.4% in 2015,<br />
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compared to the global economy’s<br />
3.9% for the same year and has<br />
investors flocking into Southeast Asia’s<br />
over 600-million backed population<br />
consisting largely of a young community<br />
which is poised to form a huge market of<br />
USD2.6 trillion.<br />
Moreover, in accordance with the<br />
country’s Economic Transformation<br />
Programme (ETP), there are six economic<br />
growth corridors and 12 key industries<br />
under the National Key Economic Areas<br />
(NKEA) that the government has identified<br />
in order to fuel the country’s ongoing<br />
economic expansion.<br />
Collectively, the industries have been<br />
contributing to the country’s 6% Gross<br />
Domestic Product (GDP) in 2014 with a<br />
target of creating 3.3 million jobs by 2020<br />
and to create greater competitiveness<br />
in sectors that could potentially drive up<br />
Gross National Income (GNI) contribution.<br />
The corridors, on the other hand, will<br />
accelerate the development of urban<br />
conurbations with each corridor consisting<br />
of high-density clusters with sectorial<br />
and geographical advantages. This<br />
clustering will allow businesses to benefit<br />
from common resources, facilitate labour<br />
market matching and contribute to<br />
knowledge sharing.<br />
Furthermore, the country, home to flight<br />
carriers such as <strong>Malaysia</strong> Airlines, AirAsia,<br />
Firefly and AirAsiaX, is within a six and<br />
eight hour flight radius to key business<br />
centres including Dubai, Hong Kong,<br />
Sydney and Shanghai.<br />
To boot, the country has a history of low<br />
inflation rate compared to neighbours<br />
within the region. Bank Negara <strong>Malaysia</strong><br />
and IMF’s projection for price inflation<br />
showed that the average inflation rate for<br />
developing Asian economies will be higher<br />
than <strong>Malaysia</strong> by 36%.<br />
As for staying in line with the ever<br />
expanding information technology<br />
industry, Multimedia Super Corridor<br />
(MSC) <strong>Malaysia</strong>, managed by national ICT<br />
custodian Multimedia Development Corp<br />
(MDeC), aims to develop the ICT industry<br />
in the country, and has recently granted<br />
the state of Sabah a MSC status which<br />
comes with a slew of incentives, including<br />
tax breaks.<br />
Sabah is poised to become the fourth<br />
shared services and outsourcing (SSO)<br />
hub in the country alongside the Klang<br />
Valley, Penang, and Iskandar in Johor.<br />
However, all this will not be possible if the<br />
<strong>Malaysia</strong>n government was not constantly<br />
proactive and pro-business. It offers<br />
tax and other incentives to encourage<br />
business growth and development.<br />
Through economic reform initiatives, such<br />
as the ETP, the government is seeking<br />
to provide opportunities for business<br />
to expand and stay competitive which<br />
ultimately lines the country to be further<br />
developed into a world-class city.<br />
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Business and Economy<br />
In line with driving <strong>Malaysia</strong> towards<br />
a high-income status and global<br />
competitiveness, the government<br />
identified 12 National Key Economic<br />
Areas (NKEAs). Under these areas,<br />
Entry Point Projects (EPPs) were<br />
created to enable the country to reach<br />
its targeted approach in achieving<br />
sustainable economic growth. Thus,<br />
we take a look at each of these areas,<br />
its achievements and future plans in<br />
making <strong>Malaysia</strong> a fully-developed<br />
country by 2020.<br />
OIL, GAS AND ENERGY<br />
<strong>Malaysia</strong> is Southeast Asia’s second<br />
largest oil and natural gas producer apart<br />
from being the second largest exporter of<br />
liquefied natural gas globally.<br />
According to the Oil & Gas Journal<br />
(OGJ), it held proven oil reserves of 4<br />
billion barrels as of January 2013, the 5th<br />
– highest reserves in Asia-Pacific after<br />
China, India, Vietnam, and Indonesia.<br />
But, in order to keep its position within<br />
the top 5 oil and gas producers in the<br />
region, the government has identified<br />
projects and investment opportunities<br />
amounting to more than USD150 billion<br />
till the year 2020.<br />
A key takeaway is the rejuvenation of<br />
existing oil fields. The Tapis oil field<br />
(offshore Terengganu), the largest<br />
offshore field in the country, was<br />
discovered in 1969. It currently produces<br />
between 3,000 and 4,000 barrels of oil<br />
per day. However, through enhanced<br />
oil recovery technologies, the project<br />
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will extend the field’s life by another 25<br />
years and boost production up to 35,000<br />
barrels of oil per day.<br />
The industry is also positioning itself in<br />
becoming a trading hub for petroleum and<br />
petroleum products. As such, it is keen<br />
on attracting major multinational firms<br />
to relocate or start regional operations<br />
in <strong>Malaysia</strong> and encourage these firms<br />
to form joint ventures with local firms<br />
to promote growth. In order to step up<br />
efforts on establishing its global presence,<br />
the government will also be looking into<br />
strengthening marketing channels such<br />
as trade shows to forge stronger ties<br />
between both local and foreign firms.<br />
On deriving a steady supply of sustainable<br />
energy, <strong>Malaysia</strong> is a goldmine of natural<br />
resources, especially with Borneo housing<br />
the states Sabah and Sarawak. The states<br />
are filled with potential hydro generation<br />
sites which allow the country to tap into<br />
its hydroelectricity potentials. By doing<br />
so, the use of hydroelectricity will help in<br />
reducing carbon dioxide emissions and<br />
ensure a secure and sustainable power<br />
supply for the country, and potentially the<br />
ASEAN region.<br />
PALM OIL AND RUBBER<br />
Mention the words palm oil and one would<br />
immediately think of Southeast Asia, in<br />
particularly <strong>Malaysia</strong> and Indonesia.<br />
Being one of the biggest producers<br />
and exporters of palm oil and palm oil<br />
products, <strong>Malaysia</strong> has an important role<br />
to play in fulfilling the growing global need<br />
for oils and fats sustainably. The country<br />
currently accounts for 39% of world palm<br />
oil production and 44% of world exports.<br />
However, in order to maintain a steady<br />
supply of production, <strong>Malaysia</strong> is gearing<br />
to overcome its shortage of suitable<br />
farming land by replanting and planting<br />
new trees on existing land banks by<br />
independent smallholders to replace<br />
ageing and unproductive trees with<br />
higher-yielding seedlings.<br />
This will be achieved by implementing a<br />
more proactive approach by replanting<br />
and new planting initiatives remaining<br />
on track and contributing towards a<br />
sustainable supply of the commodity to<br />
downstream palm oil operators within and<br />
outside the region.<br />
Another initiative in overcoming shortage<br />
of land is by increasing fresh fruit bunch<br />
yield. The numbers are increasing and<br />
this is largely due to the awareness the<br />
government stresses upon better farming<br />
methods and harvesting technologies.<br />
Besides helping to reduce greenhouse gas<br />
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emissions, the higher blend of biodiesel<br />
– from 5% to 7% palm biodiesel with<br />
95% petroleum diesel by the end of 2014<br />
– will enhance palm oil utilisation, reduce<br />
palm oil stocks and boost prices, more<br />
so since there is an uptick in vegetable<br />
oil demand from Asia’s economic<br />
powerhouse – China.<br />
This will contribute towards an annual<br />
consumption of 575,000 tonnes of crude<br />
palm oil (CPO) annually and contribute to<br />
savings of 6.7 billion litres of diesel a year<br />
for the transportation and fisheries sector.<br />
<strong>Malaysia</strong> is home to the world’s leading<br />
rubber glove producers who collectively<br />
are a key employer and revenue<br />
generator in the country. The goal is to<br />
reach 65% world market share of latex<br />
gloves by 2020.<br />
However, as the industry faces labour<br />
shortages and tight rubber supply, it has<br />
embarked on automation to cut down its<br />
reliance on manual labour while investing in<br />
ensuring a steady supply of raw materials.<br />
In 2014, total export revenue of <strong>Malaysia</strong>n<br />
latex products, of which latex gloves<br />
is a major contributor, was recorded at<br />
RM12.03 billion.<br />
Summing it up, the move towards a more<br />
integrated Association of Southeast Asian<br />
Nations (ASEAN) market would also have<br />
a significant positive impact on rubber and<br />
palm oil, as it will encourage cross-border<br />
trade and investments in the region of<br />
over 600 million people.<br />
FINANCIAL SERVICES<br />
<strong>Malaysia</strong>’s niche in Islamic finance<br />
is chartering immense growth. Fast<br />
becoming the indisputable global hub<br />
for Islamic finance, as of the third quarter<br />
of 2014, the Islamic banking sector<br />
commanded 25% of total assets in<br />
<strong>Malaysia</strong>’s overall banking system.<br />
The country’s Islamic finance sector is<br />
growing rapidly to the extent that it is<br />
leading, managing and even providing<br />
technical assistance to countries including<br />
United Kingdom, Luxembourg, Hong Kong<br />
and Japan.<br />
<strong>Malaysia</strong> has also bagged the title of<br />
world’s leading sukuk (Islamic bonds)<br />
issuer in 2014 with RM203.6 billion worth<br />
of Islamic papers offered, making up close<br />
to two-thirds of the global Islamic debt<br />
market. But, in order to maintain this title,<br />
relevant departments are keen on finding<br />
measures to increase sukuk issuances<br />
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and encourage trading to broaden and<br />
develop the sukuk and bond market.<br />
<strong>Malaysia</strong>’s financial industry contributes<br />
11.6% of the country’s real GDP. An<br />
important component of the economy, its<br />
banks are well capitalised and governance<br />
applies equally to all financial institutions.<br />
With that being said, the industry also<br />
plans on insuring most if not all of its<br />
population. The country’s national<br />
bank has collaborated with insurance<br />
companies and Takaful (Islamic insurance)<br />
in rolling out pilot projects to seek<br />
feedback and experience that will form<br />
the basis for a concept paper in the<br />
future. The initiative is currently focused<br />
on addressing the needs of low-income<br />
individuals.<br />
On developing and expanding local banks<br />
onto ASEAN shores, several banks have<br />
kicked it off by setting up a branch in<br />
countries including Myanmar, Vietnam<br />
and Laos. However, the government<br />
recognises that championing local banks<br />
on a larger scale will be dependent<br />
on market and business needs of the<br />
respective banks as well as regulatory<br />
environment of host countries.<br />
TOURISM<br />
<strong>Malaysia</strong>’s warm weather, pristine sandy<br />
beaches and retail landscapes with dutyfree<br />
zones have an alluring charm.<br />
The numbers will add more weight to<br />
these claims as tourism in <strong>Malaysia</strong> was<br />
the sixth highest contributor to the 2014<br />
economy. It attracts over 25 million tourist<br />
arrivals each year, contributing more than<br />
RM60 billion in tourist receipts.<br />
It is safe to say that a huge chunk of these<br />
receipts come from shopping. With the<br />
industry promoting its duty-free zones<br />
and growing number of shopping malls, it<br />
comes as no wonder that the government<br />
intends to dedicate specific entertainment<br />
zones to cater to respective audiences.<br />
Bukit Bintang has already been<br />
established as a leading shopping precinct<br />
within the capital while the country has<br />
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moved onto completing construction<br />
on its second premium outlets. The first<br />
premium outlet is located in the state of<br />
Johor. As for dedicated entertainment<br />
zones, the capital will see the expansion<br />
of TREC (Taste, Relish, Experience and<br />
Celebrate) KL, which contains a variety of<br />
clubs, pubs and eateries, while the state<br />
of Penang will soon be receiving three<br />
such zones.<br />
Meanwhile, aiming to capitalise on its<br />
strategic location as a cruise destination,<br />
the authorities are centred on growing<br />
the number of cruise passengers coming<br />
to the country. Efforts will also focus on<br />
improving operations and attractiveness<br />
of six ports in the country with potential<br />
improvements to be considered for other<br />
ports as well. To show its commitment,<br />
the <strong>Malaysia</strong>n government will continue<br />
to assist cruise terminal operators to<br />
promote their surrounding attractions.<br />
They will also engage with local tour<br />
operators to better develop targeted<br />
cruise tourism products.<br />
Keen on boosting the country on an<br />
international scale and in particularly<br />
towards other ASEAN countries,<br />
the hosting of international events<br />
is a significant platform for <strong>Malaysia</strong><br />
to promote itself as a vibrant travel<br />
destination. The country has a number<br />
of existing home grown events that will<br />
be repackaged and clustered with these<br />
international events to boost international<br />
spectatorship. Today, the country is proud<br />
to be part of international sports such as<br />
Formula 1, MotoGP and Formula E, the<br />
world’s first fully-electric racing series.<br />
BUSINESS SERVICES<br />
<strong>Malaysia</strong>, since 2004, is ranked third for its<br />
position based on financial attractiveness,<br />
people skills and availability, shared<br />
services and outsourcing (SSO) by AT<br />
Kearney’s Global Location Services Index.<br />
In order to retain or improve its ranking,<br />
core targets within this industry include<br />
positioning <strong>Malaysia</strong> as a data centre hub,<br />
garnering 15% revenue growth in overseas<br />
sales for SSO by offering higher-value<br />
services which is by moving away from<br />
basic call centre functions to analytics and<br />
pouring millions worth of investments into<br />
pure-play engineering services.<br />
If unfamiliar with the term, pure-play<br />
refers to companies with a single<br />
business focus. <strong>Malaysia</strong> has been<br />
growing its aerospace and automotive<br />
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engineering sectors in this aspect;<br />
however, plans are underway to extend<br />
the services to other areas such as rail,<br />
urban planning and manufacturing.<br />
As for positioning <strong>Malaysia</strong> as a worldclass<br />
data centre hub, this initiative,<br />
in 2014, achieved revenues of RM795<br />
million surpassing its target by RM10<br />
million. The formation of a data centre<br />
task force has been a significant reason<br />
for the achievement.<br />
However, the country intends to attract<br />
global cloud players into <strong>Malaysia</strong> to fill<br />
the gap in the country’s digital content<br />
and services ecosystem. By hosting more<br />
Internet and cloud content in the country,<br />
<strong>Malaysia</strong> will increase its attractiveness<br />
for regional traffic and achieve economies<br />
of scale for international connectivity.<br />
In aerospace, <strong>Malaysia</strong> currently ranks<br />
second in the ASEAN region in terms of<br />
market share, and key initiatives have<br />
been launched which will see a greater<br />
push towards making the country the<br />
regional leader in aerospace by 2030.<br />
This includes implementations from<br />
a new National Aerospace Blueprint,<br />
growing the expertise within the<br />
maintenance, repair and overhaul (MRO)<br />
industry through Airbus’ and a Swissbased<br />
MRO company and having local<br />
aviation schools partner with international<br />
companies such as the recent partnership<br />
with Germany’s Lufthansa to operate an<br />
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aircraft maintenance training school in<br />
the country.<br />
ELECTRICAL AND ELECTRONICS (E&E)<br />
Who would have thought that <strong>Malaysia</strong><br />
has a better and more conducive<br />
business environment than Asian<br />
economic leader – China?<br />
The World Bank’s Ease of Doing Business<br />
Index 2014 ranked <strong>Malaysia</strong> 18th with the<br />
country’s regulatory environment more<br />
suitable for E&E business operations,<br />
surpassing China and Taiwan. The ranking<br />
comes as the industry is backed by a probusiness<br />
government.<br />
Meanwhile, with the intent of increasing<br />
the number of silicon producers in the<br />
country, relevant government departments<br />
and agencies are providing tax incentive<br />
packages to promote and attract pioneer<br />
silicon producers.<br />
The industry is also keen on expanding,<br />
building and catering to home grown<br />
electrical brands which includes the<br />
recent completion of an electrical home<br />
appliance manufacturing hub and an<br />
international distribution network in late<br />
2015. The hub will create opportunities<br />
for entry of its appliances into more<br />
markets as well as opening doors<br />
for other local brands to market their<br />
products internationally.<br />
Furthermore, the future of electric vehicles<br />
is fast dawning upon us and is no longer<br />
a sight only permissible in the western<br />
world. In February 2016, American<br />
electric vehicle company Tesla Motors<br />
agreed to cooperate with <strong>Malaysia</strong> to<br />
promote electric vehicles in the country by<br />
providing 100 of its Model S units. This will<br />
make <strong>Malaysia</strong> the first country in ASEAN<br />
to receive Tesla’s cars.<br />
Locally, home grown electric scooter<br />
maker Eclimo SdnBhd, meanwhile, is<br />
expanding its production due to growing<br />
demand for electric scooters, especially in<br />
delivery services and the tourism industry.<br />
Moreover, the introduction of electric buses<br />
and setting a target of 2,000 electric buses<br />
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on <strong>Malaysia</strong>n roads by 2020, will serve as a<br />
catalyst for the electric vehicle industry.<br />
According to ETP’s annual report, in<br />
2014, <strong>Malaysia</strong> made its way into the<br />
top 20 out of 144 countries on the World<br />
Economic Forum’s Global Competitive<br />
Index (GCI) for the first time. The report<br />
also ranked <strong>Malaysia</strong> fourth in financial<br />
market development, making it relatively<br />
easy for E&E companies to access<br />
capital. <strong>Malaysia</strong> was also ranked 10th in<br />
incentives for investment and 10th in the<br />
number of procedures and formalities to<br />
start a business for E&E companies.<br />
But, these rankings are set to improve as<br />
it is clear that the <strong>Malaysia</strong>n government<br />
and relevant agencies have pledged to<br />
play vital roles in the advancement of E&E<br />
in <strong>Malaysia</strong> and to support the attainment<br />
of a GNI target of RM90 billion by the<br />
year 2020.<br />
WHOLESALE AND RETAIL<br />
Search through any top shopping mall<br />
destination worldwide and one is sure to<br />
stumble across a <strong>Malaysia</strong>n mall ranked<br />
highly among the listing. To name a few,<br />
One Utama takes the cake as it spans<br />
across 5 million square feet and apart<br />
from being the largest in the country, it<br />
is the sixth largest in the world. Another<br />
shopping haven is Sunway Pyramid.<br />
Opening its doors to shoppers worldwide<br />
in 1997, it was thoroughly reconstructed<br />
and now has 900 stores on five floors.<br />
To top it off, <strong>Malaysia</strong> is definitely walking<br />
the talk when it comes to numbers, the<br />
wholesale and retail industry continues<br />
to account for a significant share of<br />
<strong>Malaysia</strong>’s economy, contributing 12.7%<br />
to the country’s GDP.<br />
To enhance the <strong>Malaysia</strong>n retail<br />
landscape, the government intends<br />
to make the country a preferred dutyfree<br />
destination. This is despite the<br />
implementation of a Goods and Services<br />
Tax (GST) that was implemented in 2015<br />
that slightly decreased the flow of goods<br />
into the country. But, with the continued<br />
increase in domestic consumption,<br />
year-on-year, the flow of duty-free goods<br />
will continue to enter the country and<br />
hopefully through cooperation with the<br />
Ministry of Tourism and Culture, the<br />
numbers are set to increase.<br />
These days, pretty much anything and<br />
everything can be purchased online.<br />
As shoppers increasingly shop online<br />
within the confines of their homes, the<br />
government intends to create more<br />
opportunities for virtual malls. At present,<br />
online shopping on <strong>Malaysia</strong>n websites<br />
are catered to limited product categories.<br />
As such, one key initiative in the pipeline<br />
is to encourage the involvement of the<br />
private sector in diversifying products<br />
available online.<br />
Meanwhile, the Kuala Lumpur<br />
International Airport (KLIA) is set to<br />
become a retail hub. It only makes sense<br />
to do so with the place receiving around<br />
70 million passengers each year. klia2<br />
which began operations in 2014 will also<br />
be contributing to the hub as it received<br />
around 25 million passengers within the<br />
year it was launched. This will be done by<br />
attracting more retail tenants to utilise new<br />
vacant retail spaces within the buildings.<br />
EDUCATION<br />
<strong>Malaysia</strong> is gearing towards becoming<br />
both a regional and international<br />
education hub.<br />
The industry is keen on building and<br />
expanding international schools and its<br />
curriculum as the number of international<br />
students and the number of parents<br />
wanting their children to study said<br />
curriculum is on a steady rise. Since 2014,<br />
over 100 international schools have been<br />
built and is a healthy indicator of the<br />
demand from the expatriate community as<br />
well as <strong>Malaysia</strong>ns returning from abroad.<br />
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The challenge, now, however, is to<br />
maintain the momentum of growth of<br />
student enrolment, while maintaining a<br />
high quality of education standards.<br />
The standards will be met since the<br />
country is keen on continuing its growth of<br />
partnerships with international universities,<br />
as well as educational hubs such as<br />
EduCity@Iskandar <strong>Malaysia</strong>.<br />
EduCity is the first fully contained,<br />
education-centric hub in <strong>Malaysia</strong> in an<br />
effort to transform <strong>Malaysia</strong> into a worldclass<br />
education hub. It is located in the<br />
state of Johor, which has been seeing<br />
rampant development over the years as it<br />
is poised to become Southern Peninsular<br />
<strong>Malaysia</strong>’s most developed region.<br />
However, in order to make EduCity more<br />
liveable, the administration has called<br />
on entrepreneurs to establish small<br />
businesses such as F&B outlets, leisure<br />
avenues, and retail outlets.<br />
Meanwhile, foreign universities such as<br />
Heriot-Watt University (HWU) and the<br />
University of Southampton extended<br />
their offerings in 2014. HWU, in attracting<br />
student enrolment, has been offering a<br />
slew of scholarships and research grants<br />
to well-deserving students.<br />
In efforts to champion <strong>Malaysia</strong>’s<br />
education brand further, Education<br />
<strong>Malaysia</strong> Global Services (EMGS) was<br />
formed to support <strong>Malaysia</strong>’s aspiration<br />
to be an international education hub and<br />
its key objectives includes managing the<br />
applications, processing and renewals<br />
of international student visas to Private<br />
Higher Education Institutions (PHEIs) to<br />
enhance the management of international<br />
student welfare and engagement.<br />
HEALTHCARE<br />
“Let us be the ones who say we do<br />
not accept that a child dies every three<br />
seconds simply because he does not<br />
have the drugs you and I have. Let us be<br />
the ones to say we are not satisfied that<br />
your place of birth determines your right<br />
for life. Let us be outraged, let us be loud,<br />
and let us be bold,” American actor and<br />
philanthropist Brad Pitt said.<br />
Brad may not have a medical degree but<br />
he understands that a country can only<br />
function if its inhabitants are fit and<br />
well-cared for.<br />
<strong>Malaysia</strong> is giving utmost importance in<br />
developing and expanding the services and<br />
functions made available in this industry.<br />
One key takeaway is the rule implemented<br />
by the government in 2011, to make it<br />
compulsory for foreign workers to enrol in a<br />
foreign worker health insurance protection<br />
scheme. This move ensures adequate<br />
medical care is given to foreign workers as<br />
majority cannot afford in-patient medical<br />
services and also to reduce unpaid bills<br />
by such workers when using the Health<br />
Ministry’s facilities.Since 2011, almost 2<br />
million workers have been insured giving<br />
them access to better healthcare.<br />
Due to the country’s proximity to the<br />
ASEAN, Middle Eastern and European<br />
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markets, Japanese multinational<br />
conglomerate Toshiba Corporation has<br />
become the first company to choose<br />
<strong>Malaysia</strong> as its main export hub for highvalue<br />
medical devices manufacturing by<br />
setting up a production base here. Also,<br />
with an aim to penetrate a new segment of<br />
hybrid manufacturing of medical devices<br />
and pharmaceutical products in <strong>Malaysia</strong>,<br />
a US-based pharmaceutical company is<br />
opting to move its contract manufacturing<br />
base here in order to take advantage of<br />
the hybrid manufacturing facilities apart<br />
from lending expertise and creating jobs<br />
for locals.<br />
In order to expand the methods in<br />
which healthcare services are provided,<br />
especially to the elderly, relevant<br />
departments are in discussion to include<br />
mobile or home healthcare services for<br />
pensioners and to expand the services<br />
beyond the Klang Valley. The industry is<br />
also expanding services offered to the<br />
elderly by building care residences to<br />
make senior living and aged care facilities<br />
the preferred choice in <strong>Malaysia</strong> and<br />
establish international standards for senior<br />
citizens in <strong>Malaysia</strong>.<br />
An integrated senior active living lifestyle<br />
and care residence community to<br />
promote “active ageing” and “ageing<br />
in place”, these projects will be the<br />
first of its kind in <strong>Malaysia</strong>. In addition<br />
to maintaining global standards, these<br />
care residences will be operated by<br />
international joint venture partners.<br />
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COMMUNICATIONS CONTENT AND<br />
INFRASTRUCTURE<br />
Almost everyone today wishes to stay<br />
connected or online to keep abreast of<br />
developments regardless of whether<br />
it’s about your child at home or on the<br />
Syrian civil war. This only goes to show<br />
how much of an impact the Internet has<br />
on our daily lives.<br />
According to ETP’s 2014 annual<br />
report, <strong>Malaysia</strong> continues to push the<br />
availability of broadband access to its<br />
people, with household penetration now<br />
at 67.3%. This is now relatively better<br />
than most ASEAN countries. Beyond<br />
broadband, long-term evolution (LTE)<br />
penetration is now at an encouraging<br />
25%, and is expected to reach 50%<br />
by 2017.<br />
As for the groundwork for high-speed<br />
broadband phase 2 (HSBB 2), the<br />
second phase of the high-speed<br />
broadband was finalised in late 2015<br />
and aims to expand coverage in urban<br />
and suburban areas.<br />
In order to make Internet access more<br />
universal to the public, efforts are being<br />
made to push for the gazetting of the<br />
amended Uniform Building By-laws<br />
(UBBL) 1984 Act, which requires all<br />
developers to provide communication<br />
infrastructure such as internal and<br />
external ducting for all new housing and<br />
commercial developments.<br />
In 2014, Pahang was the latest state<br />
to have gazetted the amended UBBL,<br />
bringing the total to eight states. In an<br />
effort to extend broadband subscription<br />
to non-urban areas, over 4,000 wireless<br />
villages, 400 internet cafes and 1,100<br />
telecommunication towers have been<br />
built in rural areas.<br />
Critical targets under this NKEA include<br />
to record RM600 million of revenue<br />
from the export of creative content,<br />
to attract RM400 million in local film<br />
production incentives in efforts to<br />
attract foreign film producers to film in<br />
<strong>Malaysia</strong> and to showcase the country<br />
as a destination for international filming,<br />
to ensure 7,000 schools are connected<br />
with high-speed broadband and to<br />
ensure 200 health facilities are rolled<br />
out with e-health applications.<br />
AGRICULTURE<br />
Apart from being a top palm oil<br />
producer, <strong>Malaysia</strong> is considered a<br />
rice bowl nation and it comes as no<br />
surprise that <strong>Malaysia</strong>ns generally prefer<br />
to spend their time eating than doing<br />
anything else.<br />
Rice is an important main dish in almost<br />
all meals and the industry is fully aware of<br />
this to the point that it will be collaborating<br />
with relevant industries in increasing the<br />
number of fragrant rice varieties.<br />
As for strengthening paddy farming,<br />
20,186 hectares of paddy land,<br />
roughly five times the size of<br />
Putrajaya, was amalgamated in an<br />
exercise that involved 8,817 farmers.<br />
Estate management has contributed<br />
significantly to increasing farmers’ yield,<br />
with some farmers seeing yields more<br />
than double and average incomes rise<br />
19% since joining the programme.<br />
<strong>Malaysia</strong>’s rice states are predominantly<br />
Kedah and Perlis. In 2014, both these<br />
states produced 243,200 tonnes of<br />
paddy through this programme.<br />
Set on expanding its brand worldwide,<br />
especially in China, 145 tonnes of<br />
edible bird’s nest (EBN) products were<br />
exported in 2014 with over 7,000 swiftlet<br />
premises registered to date.<br />
In line with tapping the market for<br />
premium shrimp, since 2011, 14 anchor<br />
companies have developed 5,713<br />
hectares of land for shrimp farming. The<br />
reason for an increased supply is mainly<br />
due to its demand as it was also noted<br />
that the greatest demand for premium<br />
shrimp was from <strong>Malaysia</strong>, with the<br />
price per kilogramme of shrimp higher in<br />
<strong>Malaysia</strong> than in export markets.<br />
The NKEA also encourages business<br />
opportunities in the fields of herbal<br />
products, free-range chicken farming,<br />
button mushroom farming, increasing<br />
domestic production of fruits and dried<br />
fruit snacks and ornamental fish farming.<br />
On herbal products, an EPP has been<br />
refined to incorporate R&D partnerships<br />
between research universities and<br />
private companies to expand the<br />
number of herbal products in the market,<br />
enhance its value and reduce the timeto-market<br />
for the products.<br />
GREATER KUALA LUMPUR/<br />
- KLANG VALLEY<br />
We are not boasting that it’s one of the<br />
greatest cities but read the rankings<br />
at your own pleasure. To begin with,<br />
Kuala Lumpur was ranked seventh and<br />
second among Asian and ASEAN cities,<br />
respectively. In another global ranking of<br />
140 cities, Kuala Lumpur was ranked a<br />
respectable 25th in the Financial Times<br />
(UK) Global Cities of the Future and only<br />
second behind Seoul among Emerging<br />
Market Cities. This is where we say, “I<br />
told you so”.<br />
As such, under the NKEA, it is all<br />
about developing the country’s<br />
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capital. To date, InvestKL, mandated<br />
by the government to attract and assist<br />
multinational corporations (MNCs) looking<br />
to invest in the country, has successfully<br />
attracted plenty of MNCs with approved<br />
investments totalling RM4 billion and<br />
commitment of over 6,000 jobs.<br />
Out of this, RM1 billion investments<br />
have been realised and over 3,000 jobs<br />
created. Also, this EPP is on track to reach<br />
its target of attracting top 100 MNCs by<br />
2020. This has been driven by the Greater<br />
KL/Klang Valley’s attractiveness as an<br />
investment destination, its ease of doing<br />
business and reasonable cost.<br />
Also, these MNCs will be setting up<br />
regional headquarters, global shared<br />
service centres and principal hub<br />
operation. The principal areas of operation<br />
include education, oil & gas, healthcare, IT,<br />
logistics, engineering services, business<br />
services, global trader and industrial<br />
products sectors.<br />
this game changing project. Discussions<br />
at this platform are expected to include<br />
various implementation aspects such as<br />
high speed rail design and operations<br />
aspects, security and immigration<br />
requirements, appropriate financing and<br />
governance framework.<br />
As for the Mass Rapid Transit (MRT)<br />
system, the constructions are expected<br />
to be completed in 2017 with the trains<br />
running by July of the same year. In<br />
the last quarter of 2015, the <strong>Malaysia</strong>n<br />
government announced of a second MRT<br />
line and this is expected to be completed<br />
by the year 2022.The lines will be<br />
integrated with the existing KTM Komuter,<br />
LRT and ERL rail systems at various<br />
locations throughout the region.<br />
Meanwhile, looking to shorten travel<br />
time to 90 minutes between KL and<br />
Singapore, a High Speed Rail (HSR)<br />
system is expected to be completed in<br />
the next four years.<br />
Both the Prime Ministers of <strong>Malaysia</strong> and<br />
Singapore had, in 2013, jointly announced<br />
the Southern Corridor HSR project. At<br />
the same forum in 2014, the leaders had<br />
confirmed <strong>Malaysia</strong>’s terminal location<br />
in Bandar <strong>Malaysia</strong> and three possible<br />
terminal locations in Singapore, being<br />
Tuas West, Jurong East and City Centre.<br />
In addition, a HSR Work Group under<br />
the Joint Ministerial Committee platform<br />
between <strong>Malaysia</strong> and Singapore has<br />
been formed to ensure steady progress of<br />
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Redefining<br />
<strong>Malaysia</strong>’s<br />
Economic<br />
Regions<br />
Constantly being equipped with<br />
state-of-the-art facilities designed<br />
to ensure efficient business<br />
transactions and deliver services<br />
sealed with nothing short of a<br />
top-notch quality is a promising<br />
factor that a country is on track<br />
to greater heights. However, this<br />
is not possible without the sheer<br />
dedication and efforts undertaken<br />
by both its government and citizens<br />
alike. With a young and growing<br />
workforce, we take a look at how<br />
the country continues to strive on<br />
placing itself on a global pedestal<br />
through its five economic regions<br />
and three Federal Territories.<br />
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GREATER KL (GKL): A KEY ENGINE OF<br />
ECONOMIC GROWTH<br />
Kuala Lumpur, <strong>Malaysia</strong>’s capital, is a<br />
booming and well-populated city home to<br />
over six million inhabitants. According to<br />
the <strong>Malaysia</strong>n government, come 2020,<br />
that figure is expected to reach 10 million.<br />
The reason for the rising number of people<br />
flocking into creating Kuala Lumpur as<br />
their home away from home is simple:<br />
A strategic location, ease of doing<br />
business, political stability, wealth of<br />
opportunity, incentives, highly-developed<br />
infrastructure and a generous supply of<br />
human workforce who are the very least<br />
bilingual, apart from competitive business<br />
costs, a robust legal framework and<br />
liveability factors make this city an obvious<br />
choice for multinational companies<br />
(MNCs) that have heard the clarion call to<br />
invest in Kuala Lumpur.<br />
The city is a hub for these global<br />
businesses raring to gear their strategies<br />
from a city perspective simply because<br />
of its central location with global<br />
connectivity. With no more than eight-hour<br />
flights to Asia’s key business centres such<br />
as Beijing, Dubai, Hong Kong, Sydney<br />
and Tokyo, many countries are set to<br />
benefit from <strong>Malaysia</strong>’s strong investment<br />
and trade links with the world’s best. In<br />
2013, the country recorded RM1.37 trillion<br />
in trade and has South<br />
Korea, the European Union<br />
and China as some of its<br />
largest trading partners.<br />
Last year, World Bank’s<br />
Doing Business: ‘Going<br />
Beyond Inefficiency’report<br />
stated <strong>Malaysia</strong> stood<br />
at the 18th rung. The<br />
ranking reflects the ease of<br />
dealing with time required<br />
for construction permit<br />
approvals, employment<br />
fund registrations and<br />
quintessentially, the<br />
time required to start a<br />
business from 37 days in<br />
2005 to only taking less<br />
than six days today.<br />
Led by a democraticallyappointed<br />
government, the<br />
country has been enjoying<br />
political stability since its<br />
independence in 1957 and investors can<br />
be rest assured that with a government<br />
that is pro-business, incentives range<br />
from grants and funds to lower taxes and<br />
expatriate employment benefits.<br />
However, a business is only as good<br />
as its employees. With that in mind,<br />
<strong>Malaysia</strong> was ranked second by the<br />
World Economic Forum in terms of its<br />
pay-to-productivity ratio in the Global<br />
Competitiveness Report 2013-2014.<br />
The country’s productive workforce is<br />
also highly protected by a secure and<br />
well-oiled legal framework, affirmed by<br />
the same World Bank’s 2015 report that<br />
42 | <strong>Best</strong> of <strong>Malaysia</strong>
anks <strong>Malaysia</strong> fourth for its investor<br />
protection policies.<br />
Complete with competitive salaries and<br />
lower office rentals compared to the likes<br />
of Melbourne, Shanghai and Singapore,<br />
the city that was once known as a tinmining<br />
district has definitely shed its<br />
former layers and grown into becoming<br />
one of the most vibrant and dynamic cities<br />
in the world with a projection of Gross<br />
National Income (GNI) of USD54.9 billion<br />
by the year 2020.<br />
Furthermore, living in the city does not<br />
break your bank. According to Mercer’s<br />
2015 Cost of Living Survey, Kuala<br />
Lumpur was ranked 113th out of 214<br />
countries with the first place being the<br />
most expensive.<br />
The city’s extensive road, rail networks<br />
alongside shipping ports and air cargo<br />
terminals boosts the city’s liveability<br />
factors alongside having international<br />
schools and a healthcare system that was<br />
ranked 14th worldwide by HSBC’s 2013<br />
Expat Explorer Survey.<br />
In addition to that, the GKL region is<br />
fully on board with encouraging foreign<br />
investment. The region is one of the 12<br />
designated National Key Economic Areas<br />
(NKEA) under the government’s Economic<br />
Transformation Plan (ETP) to transform<br />
the country into a high-income economy<br />
by 2020.<br />
Investors are encouraged to leverage on<br />
these key economic areas that have been<br />
identified by the national government as<br />
these viable sectors provide high growth<br />
and endless potential for businesses and<br />
they include oil, gas and energy, tourism,<br />
electrical and electronics, education and<br />
agriculture among others.<br />
Apart from the capital which is one of<br />
the three federal territories, the country<br />
is made up of 13 states. The states are<br />
Perlis, Kedah, Penang, Perak, Selangor,<br />
Kelantan, Terengganu, Negeri Sembilan,<br />
Pahang, Malacca, Johor, Sabah and<br />
Sarawak while the federal territories are<br />
Labuan and Putrajaya.<br />
GKL includes the government’s<br />
administration capital Putrajaya. Today,<br />
the ‘Green City’ houses almost all<br />
Ministries, possesses three monuments<br />
and home to the largest botanical gardens<br />
in <strong>Malaysia</strong> covering 92 hectares.<br />
Finally, going forward, GKL will be<br />
constructing a High Speed Rail System<br />
(HSR) that connects the cities to<br />
Singapore. The rail is expected to be<br />
completed in 2020, further strengthening<br />
connectivity and business ties between<br />
the two nations. In addition to that,<br />
construction has also begun for the Mass<br />
Rapid Transit (MRT) system to reduce<br />
traffic congestion and accommodate the<br />
growing population’s needs, not only in<br />
terms of transportation, but to make GKL<br />
their home for years to come.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 43
SOUTHERN DEVELOPMENT<br />
CORRIDOR: THE SOUTHERN GATEWAY<br />
TO ASEAN<br />
The Southern Development Corridor or<br />
better known as Iskandar <strong>Malaysia</strong>, is set<br />
to become southern Peninsular <strong>Malaysia</strong>’s<br />
most developed region, where living,<br />
entertainment, environment and business<br />
effortlessly converge within a bustling and<br />
vibrant metropolis.<br />
Located in the state of Johor Bahru, the<br />
southern gateway to Peninsular <strong>Malaysia</strong>,<br />
its advantages include reaching a global<br />
market of some 800 million people.<br />
Flanked by three major ports - the Pasir<br />
Gudang Port, Port of Tanjung Pelepas and<br />
Tanjung Langsat Port, Iskandar <strong>Malaysia</strong><br />
is the largest single development project<br />
ever to be undertaken in the region.<br />
WHY INVEST IN ISKANDAR MALAYSIA?<br />
Because of its strategic location, Iskandar<br />
<strong>Malaysia</strong> is accessible to leading Asian<br />
cities which include its powerhouse<br />
neighbour Singapore, proximity to some<br />
of the world’s most rapidly growing and<br />
important economies, and a range of<br />
attractive fiscal incentives.<br />
Iskandar <strong>Malaysia</strong> is also poised to attract<br />
an exciting influx of foreign and highlevel<br />
corporate investments, create job<br />
opportunities within a space of 2,217<br />
square kilometres as well as look at<br />
discerning investors who are seeking to<br />
benefit from its many advantages and high<br />
growth potential.<br />
INVESTMENT OPPORTUNITIES<br />
In Iskandar <strong>Malaysia</strong>, there are various<br />
investment opportunities for investors to<br />
grab on especially on the nine promoted<br />
sectors in Iskandar <strong>Malaysia</strong>.<br />
These opportunities are within the<br />
industries of electrical and electronics<br />
(E&E), petrochem and oleochem, financial<br />
services, food and agro-processing,<br />
creative, tourism, healthcare, logistics<br />
and education.<br />
THE 5 FLAGSHIP ZONES<br />
Having been allocated a sum of RM6.83<br />
billion by the government, this corridor is<br />
divided into five flagship zones:<br />
(a) Johor Bahru City<br />
The key economic activities in this flagship<br />
are financial services, commerce and<br />
retail, arts and culture, hospitality, urban<br />
tourism, plastic manufacturing, E&E<br />
and food processing. Receiving 60% of<br />
foreign tourists who visit <strong>Malaysia</strong>, it is a<br />
major holiday and shopping destination<br />
for neighbouring Singaporeans due to the<br />
44 | <strong>Best</strong> of <strong>Malaysia</strong>
comparatively lower cost of goods and<br />
services. Apart from being the central<br />
business district to the state, it is also the<br />
main gateway in and out of Singapore via<br />
the Causeway.<br />
(b) Nusajaya<br />
This flagship’s key focus is on property<br />
development, state and federal<br />
administration and logistics. The area has<br />
24,000 acres of contiguous developmentready<br />
land and will be expected to<br />
accommodate the projected population<br />
size of 500,000 by 2025. Poised to<br />
become an education hub, the region is<br />
also developing its EduCity@Iskandar<br />
which is a 305-acre fully integrated<br />
best-in-class education hub comprising<br />
universities and institutes of higher<br />
education which currently houses a<br />
branch of UK’s Newcastle University.<br />
Going forward, it would also be the<br />
hub for creative arts and entertainment,<br />
medical facilities, tourism, biotechnology<br />
and hi-tech manufacturing.<br />
(c) Western Gate Development<br />
Port and marine services and logistics<br />
are key sectors in this flagship. With over<br />
700 acres of land banks consisting of<br />
agricultural lands and mangrove forests,<br />
the government is set on developing<br />
the area into a maritime hub. In terms<br />
of logistics, convenient methods of<br />
transportation to connect the area to<br />
Johor Bahru city and Kuala Lumpur will<br />
be in the form of a Mass Rapid Transit or<br />
Light Rail Transit (MRT/LRT) system.<br />
(d) Eastern Gate Development<br />
A key industrial and manufacturing hub,<br />
to date, there are more than 300 factories<br />
in the Pasir Gudang area that have<br />
provided more than 30,000 employment<br />
opportunities to the community of 100,000<br />
people in Pasir Gudang. To further<br />
develop this flagship, the government<br />
is looking to convert estate lands into<br />
industrial and housing areas.<br />
(e) Senai-Skudai<br />
Meanwhile this flagship’s focus is airport<br />
services and becoming the hub for agro<br />
and food processing, ICT and retail<br />
tourism. With more than 1,000 acres of<br />
available land bank within the vicinity<br />
of Senai Airport, investors will have the<br />
advantage of setting up large-scale<br />
commercial and airport-related enterprises<br />
at attractive low rates. In the future, Senai<br />
Airport is envisaged to be the second<br />
airport in the region after Changi Airport<br />
by 2025. This will be achieved after the<br />
suggestion of building a multi-modal<br />
terminal and cyber city.<br />
NORTHERN CORRIDOR ECONOMIC<br />
REGION (NCER): A CHOICE<br />
DESTINATION FOR WORK,<br />
INVESTMENT AND LIVING<br />
The Northern Corridor Economic Region<br />
(NCER) is a government initiative to<br />
direct, devise policies and strategies in<br />
relation to socio-economic development<br />
in 21 districts in northern Peninsular<br />
<strong>Malaysia</strong> in the states of Kedah, Perak,<br />
Perlis and Penang.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 45
The corridor contributes to over 20% of<br />
Gross Domestic Products (GDP), as well<br />
as more than 60% of the total agricultural<br />
area for paddy growing, over 30% of<br />
tourism expenditures and in excess of<br />
45% of exports.<br />
For Kedah, the rice state, this translates<br />
into improving its long-term food<br />
security measures and increase the<br />
income of paddy farmers. This will be<br />
achieved by adopting an estate farming<br />
approach under a single management<br />
and introducing a land amalgamation<br />
scheme for 50,000 hectares (51% of the<br />
total 96,558 hectares) of paddy fields by<br />
2020. The adoption of technologies will<br />
also be intensified across the production<br />
chain of the paddy and rice industry, such<br />
as the introduction of new seed varieties,<br />
improved irrigation and larger scale farm<br />
mechanisation.<br />
Focusing on the strengths of these<br />
regions, five key thrusts have been<br />
identified and they include agriculture,<br />
manufacturing, tourism, logistics,<br />
education and human capital.<br />
Within the manufacturing sector, Penang<br />
is at the frontier for the E&E sector in<br />
<strong>Malaysia</strong> and is aiming to strengthen<br />
the available ecosystem especially the<br />
semiconductor, solar and Light Emitting<br />
Diodes (LED) technologies. The E&E<br />
have contributed a total of RM9.8 billion<br />
towards the <strong>Malaysia</strong>n economy. In 2013,<br />
<strong>Malaysia</strong> supports 12% of the global<br />
back-end support for semiconductor<br />
industry out of which Penang accounts<br />
for 8%.<br />
The goals within the logistics sector<br />
include, to strengthen transport<br />
infrastructure and proximity to Thailand<br />
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and Indonesia by becoming the centre for processing,<br />
logistics and trade and to service demands for the<br />
Indonesia-<strong>Malaysia</strong>-Thailand Growth Triangle (IMT-GT).<br />
The education and human capital sector, serve<br />
to complement the other sectors as a sector can<br />
only improve if its workforce is of a certain quality.<br />
Objectives to be met include enhancing the skills set<br />
and employability of human capital in the corridor to<br />
meet the needs of the private sector in agriculture,<br />
manufacturing, tourism and logistics and increasing the<br />
number of research and development based activities<br />
among high-tech companies.<br />
EAST COAST ECONOMIC REGION (ECER): A HUB<br />
FOR DIVERSE TOURISM RESOURCES<br />
The ECER of <strong>Malaysia</strong> covers Kelantan, Terengganu,<br />
Pahang and the district of Mersing in Johor. It occupies<br />
an area of 66,000 square kilometres or 51% of the total<br />
area of Peninsular <strong>Malaysia</strong>.<br />
Serving as the principal east coast cross-border trading<br />
and tourism hub, this positioning seeks to exploit<br />
Kelantan’s geographical advantage as a border State to<br />
Thailand and the Indo-China Region. This capitalises on<br />
the synergy generated by IMT-GT.<br />
In Terengganu, the government is intending to rebrand<br />
the state’s capital, Kuala Terengganu, as a vibrant<br />
Heritage Waterfront City which will offer an abundance<br />
of opportunities for tourism to flourish. Known as the<br />
state for a leading role in the oil and gas industry, the<br />
Kertih Integrated Petrochemical Complex’s (KIPC)<br />
11 plants are intended to attract increasing number<br />
of global petrochemical investors to its shore. KIPC<br />
produces ethylene-based petrochemical products,<br />
mainly for the export market.<br />
As for Pahang, the focus is on making it known as an<br />
industrial and logistics hub. The Kuantan Port, one<br />
of the major ports in the country, plays a crucial role<br />
in making ECER a gateway to the Far East, rubbing<br />
shoulders with China. The port would play an integral<br />
role in <strong>Malaysia</strong>’s maritime industry by paving the way<br />
for it to welcome more cruise ships to dock here to<br />
promote tourism and ultimately represent the realisation<br />
of partnership between <strong>Malaysia</strong> and China in building a<br />
21 st century Maritime Silk Road.<br />
There are also plans to kick off the RM30 billion East<br />
Coast Rail Link (ECRL) project that will be built under the<br />
11th <strong>Malaysia</strong> Plan. ECRL is part of the infrastructure<br />
development plan for ECER which involves a<br />
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620 kilometres rail track from Tumpat in<br />
Kelantan to Kuantan Port in Pahang and<br />
connecting to Kuala Lumpur.<br />
Meanwhile, Mersing, being developed as<br />
an important mainland coastal tourism<br />
destination, is poised to be equipped with<br />
highly developed tourist facilities as tourist<br />
arrivals increase by the year. It is also set<br />
to become a centre for ecotourism by<br />
virtue of its geography as it is the gateway<br />
to the Endau Rompin National Park.<br />
SABAH DEVELOPMENT CORRIDOR<br />
(SDC): A MECCA FOR NATURAL<br />
RESOURCES<br />
Set to become a major regional<br />
influence, Sabah is undergoing various<br />
transformations under the Sabah<br />
Development Corridor (SDC), an economic<br />
masterplan spanning for 18 years from<br />
2008 to 2025.<br />
The goal is to turn Sabah into a leading<br />
economic region and a preferred<br />
destination for investment, work and<br />
living. For starters, the town of Lahad Datu<br />
is strategically located near other industry<br />
players in the Philippines and Indonesia.<br />
The palm oil clusters being developed<br />
in this area feature major infrastructure<br />
including two biodiesel plants. SDC is<br />
also keen on developing the Sandakan<br />
cluster to capture higher value-added<br />
downstream processing of palm oil.<br />
However, investors are not flocking<br />
into the state just for its attractive fiscal<br />
incentives, Kota Kinabalu International<br />
Airport (KKIA) is the second busiest airport<br />
in the nation, with 5.2 million passengers<br />
annually. It is positioned strategically as<br />
a hub that connects to 13 major world<br />
destinations, including Singapore, Seoul,<br />
Shenzhen, Tokyo, Taipei and Perth. This<br />
makes KKIA ideal for low cost carriers and<br />
as a second hub already identified by low<br />
budget carrier AirAsia.<br />
SDC has also given much importance to<br />
the Sipitang Oil and Gas Industrial Park<br />
(SOGIP). Located on a 1,600-hectare<br />
site, SOGIP will serve as a new point<br />
for oil and gas investments within the<br />
Sabah, Brunei and Labuan economic<br />
centres. The park will promote industries<br />
such as industrial chemicals, plastic,<br />
fertilisers, pharmaceutical products and<br />
packaging materials.<br />
With the Kota Kinabalu port, an<br />
International Cruise Terminal (ICT) will<br />
be built as a complementary activity to<br />
the Jesselton waterfront development,<br />
bringing tourists directly to this new,<br />
mixed-use development. The ICT will<br />
back a ‘Straits Riviera’ project, also in<br />
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the making, that will tie together cruise<br />
terminals across <strong>Malaysia</strong>’s maritime<br />
geography. This will tap <strong>Malaysia</strong> more<br />
fully into the Asian cruise market, which<br />
the ETP states is currently growing at<br />
around 14% per year.<br />
Banking on tourism, the Kinabalu Gold<br />
Coast Enclave (KGCE), stretching about<br />
100 kilometres from the state capital to<br />
the northwestern tip at Kudat, covers<br />
78.5 square kilometres of prime coastal<br />
tourism development spanning 15 years.<br />
With high-quality beaches and coastal<br />
assets, KGCE seeks to attract longstaying<br />
visitors, prime eco-adventure<br />
tourists and second-home buyers of<br />
luxury holiday villas.<br />
The key strength of the SDC is the state’s<br />
strategic location, abundant natural<br />
resources, rich cultural heritage and<br />
access to mega biodiversity resources.<br />
With the implementation of SDC, Sabah<br />
is expected to experience rapid economic<br />
growth attaining a four-fold increase in its<br />
gross domestic product (GDP) to RM63.2<br />
billion in 2025.<br />
SARAWAK CORRIDOR OF RENEWABLE<br />
ENERGY (SCORE): PAVING WAY FOR<br />
GREEN ENERGY SOLUTIONS<br />
The core of this corridor is its energy<br />
resources, particularly hydropower (28,000<br />
megawatts), coal (1.46 billion tonnes),<br />
and natural gas (40.9 trillion square cubic<br />
feet) found abundantly within the Central<br />
Region. This will allow Sarawak to price<br />
its energy competitively and encourage<br />
investments in power generation and<br />
energy-intensive industries that will act as<br />
triggers for the development of a vibrant<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 49
industrial development in the corridor.<br />
To achieve this, SCORE will adopt a<br />
5-prong development strategy:<br />
• Drive priority industries investments<br />
towards three major growth nodes<br />
along the Corridor – Tanjung Manis<br />
(south), Mukah (centre) and Samalaju<br />
(north).<br />
: In Tanjung Manis, the state is also<br />
looking at improving its timber industry.<br />
One of the most important sources of<br />
revenue to Sarawak’s economy for the<br />
past five decades, the timber industry<br />
currently accounts for RM7.2 billion in<br />
export earnings and has created about<br />
50,000 jobs. Its goals include increasing<br />
the state’s exports of timber products<br />
to between RM8 billion and RM10<br />
billion a year.<br />
• Build a well-designed network<br />
of industrial class transport and<br />
communication infrastructure within<br />
the Corridor, extended outwards to<br />
systematically open up the hinterland.<br />
• Fast-forward the development of energy<br />
supply centring on currently known<br />
feasible hydro power (Murum, Limbang,<br />
Baram and Baleh) and coal deposit<br />
sites.<br />
• Accelerate human capital development<br />
within the Corridor with new learning<br />
centres and controlled immigration of<br />
skilled foreign workers.<br />
• Develop the tourism industry, focusing<br />
on the natural attractions of the Central<br />
Region, particularly the lakes upstream<br />
of the hydro power stations and the<br />
beaches along the northern part of the<br />
Corridor.<br />
On offshore oil, state-owned firm Petroliam<br />
Nasional Bhd (Petronas) stated that<br />
<strong>Malaysia</strong> has more than 200 discovered<br />
oil and gas fields off the eastern state of<br />
Sarawak that have not been monetised.<br />
To make full use of this, projects are<br />
underway with one being the Petronas<br />
Floating LNG1 (PFLNG1), which is one of<br />
the world’s first floating liquefaction plants.<br />
The facility will be deployed at the Kanowit<br />
development, which is located slightly<br />
over 200 kilometres offshore Bintulu where<br />
it will produce, liquefy and offload gas<br />
from the field.<br />
FEDERAL TERRITORY OF LABUAN: A<br />
GROWING OFFSHORE FINANCIAL HUB<br />
A cross between a duty-free airport mall<br />
and a cluster of six small islands, Labuan<br />
was proclaimed a Federal Territory in 1984<br />
and an International <strong>Of</strong>fshore Financial<br />
Centre. Six years later, the region is home<br />
to over 86,000 people.<br />
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Predominantly known for its growing<br />
financial centre, the Labuan International<br />
Business and Financial Centre (Labuan<br />
IBFC) was created as <strong>Malaysia</strong>’s only<br />
offshore financial hub on October 1990<br />
and was operating under the name of<br />
Labuan International <strong>Of</strong>fshore Financial<br />
Centre (IOFC). At the time it was<br />
established to strengthen the contribution<br />
of financial services to the Gross National<br />
Products (GNP) of <strong>Malaysia</strong> as well as to<br />
develop the island and its surrounding<br />
vicinity. At present, there are over 6,500<br />
offshore companies and around 300<br />
licensed financial institutions which<br />
includes world leading banks.<br />
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<strong>Malaysia</strong>: Your Gateway To Asean<br />
52 | <strong>Best</strong> of <strong>Malaysia</strong>
Apart from being an ASEAN member,<br />
<strong>Malaysia</strong> is now part of AEC. This is<br />
a historical milestone for the country<br />
as it taps into a 600 million-backed<br />
population with a market of USD2.6<br />
trillion set to transform the region into a<br />
single market and production base with<br />
a highly competitive advantage to make<br />
it a stable and prosperous region.<br />
At the stroke of the midnight hour, as<br />
countries and people worldwide revelled<br />
and ushered the year 2016, 10-member<br />
states of the Association of Southeast<br />
Asian Nations (ASEAN) joined hands and<br />
officially marked the integration of the<br />
ASEAN Economic Community (AEC),<br />
an economic bloc set to become the<br />
second largest common market after the<br />
European Union (EU).<br />
To give a solid picture of ASEAN’s<br />
collective potential, the International<br />
Monetary Fund (IMF) and the Asian<br />
Development Bank (ADB) predicted<br />
ASEAN’s GDP growth at 5.4% in 2015,<br />
compared to the global economy’s 3.9%<br />
for the same year.<br />
This means that the integration of AEC<br />
presents real opportunities for growth,<br />
particularly outside China and India<br />
who often overshadow ASEAN, and is a<br />
key historic step to the development of<br />
what would be the fourth or fifth largest<br />
economy in the world.<br />
ASEAN, conceived in 1967, is made up<br />
of <strong>Malaysia</strong>, Indonesia, the Philippines,<br />
Singapore, Thailand, Brunei, Cambodia,<br />
Laos, Myanmar and Vietnam. Since its<br />
establishment, it has been making efforts<br />
to develop and refine various policies to<br />
promote trade and collaborative economic<br />
activities among its members. Over the<br />
years, despite being extremely diverse<br />
in size, geography, culture, income level<br />
and resource endowment, it remains an<br />
example for other regional groups of how<br />
a carefully crafted organisation can benefit<br />
all member nations.<br />
Thus, with PricewaterhouseCoopers’<br />
(PwC) annual global CEO survey 2012<br />
stating that global economic uncertainty<br />
will remain the top threat to prospects<br />
of growth within advanced economies, it<br />
comes as no surprise that investors are<br />
paying more attention towards Southeast<br />
Asia’s over 600 million-backed population<br />
consisting largely of a young community<br />
which is poised to form a huge market of<br />
USD2.6 trillion.<br />
<strong>Malaysia</strong>, with its population of over<br />
29 million people, has been at the<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 53
forefront of this growing partnership as<br />
it joined, participated and recognised<br />
the importance of AEC. Its capital, Kuala<br />
Lumpur, was the venue for unveiling and<br />
adopting the AEC Blueprint 2025 at the<br />
ASEAN Leaders’ 27th ASEAN Summit on<br />
November 2015.<br />
AN INCLUSIVE BLUEPRINT<br />
According to AEC, the blueprint consists<br />
of five interrelated and mutually reinforcing<br />
characteristics, namely: (i) a highly<br />
integrated and cohesive economy; (ii)<br />
a competitive, innovative, and dynamic<br />
ASEAN; (iii) enhanced connectivity and<br />
sectoral cooperation; (iv) a resilient,<br />
inclusive, people-oriented, and peoplecentred<br />
ASEAN; and (v) a global ASEAN.<br />
In short, the blueprint plans to achieve<br />
the strategic measures under each of<br />
the five characteristics of AEC 2025. To<br />
smoothly roll out this implementation,<br />
these strategic measures will be further<br />
elaborated in and implemented through<br />
the work plans of various sectoral bodies<br />
in ASEAN. The sectoral work plans will<br />
be reviewed and updated periodically to<br />
ensure their relevance and effectiveness.<br />
Partnership arrangements have been<br />
made with the private sector, industry<br />
associations and the wider community<br />
at regional and national levels as this<br />
will also be actively sought and fostered<br />
to ensure an inclusive and participatory<br />
approach to the integration process.<br />
Institutions will be strengthened and<br />
enhanced approaches to monitoring and<br />
public outreach will likewise be developed<br />
to support the effective implementation of<br />
the blueprint.<br />
The blueprint will lead towards an ASEAN<br />
that is more proactive, having had in place<br />
the structure and framework to operate<br />
as an economic community, cultivating<br />
a unified identity and strength to engage<br />
with the world, responding to new and<br />
upcoming developments, and seizing new<br />
opportunities. This will not only ensure<br />
that the 10 ASEAN member states are<br />
economically integrated, but are also<br />
sustainably and gainfully integrated on a<br />
global economic scale, thus contributing<br />
to the goal of shared wealth.<br />
This is of course for the future. The<br />
previous blueprint, detailing measures<br />
to be achieved between 2008 and 2015,<br />
had achieved some 506 measures which<br />
equals to a 95% success rate. <strong>Malaysia</strong>’s<br />
International Trade and Industry Ministry<br />
(MITI) noted that a 95% success rate<br />
marked notable achievement since it<br />
was almost impossible to attain a 100%<br />
economic integration.<br />
On a microscopic scale, <strong>Malaysia</strong>, part<br />
of ASEAN-5 which involves developing<br />
economies within the region such as<br />
Indonesia, Thailand, Philippines and<br />
Vietnam, is evolving in becoming a<br />
gateway for investors looking to forage<br />
into Southeast Asia.<br />
ACCESSING A HUGE ECONOMIC BLOC<br />
<strong>Malaysia</strong>’s projected real GDP growth<br />
between 2007 and 2050 is 5.8%,<br />
combined with ASEAN-5, that figure<br />
is a whopping 7% surpassing China’s<br />
6.8%. Out of 185 countries surveyed,<br />
World Bank’s Ease of Doing Business<br />
report placed the country at 18th spot<br />
for the year 2015. Proving that it has the<br />
ability to manage, retain and allow for the<br />
development of entrepreneurs to face<br />
Single market and<br />
Production base<br />
•Free flow of: Goods<br />
Skilled labour<br />
Services<br />
Investment<br />
Capital<br />
•Food and agricultural security<br />
Integration of 12 priority sectors<br />
Global Economy<br />
Integration<br />
•Form and manage Free Trade<br />
Agreements (FTAs) and<br />
Comprehensive Economic<br />
Partnerships (CEPs)<br />
•Enhance participation in global<br />
supply networks<br />
•Develop coherent approach towards<br />
external economic relations<br />
4 PILLARS OF<br />
AEC<br />
regional challenges, the report also stated<br />
that <strong>Malaysia</strong> made starting a business<br />
less costly by reducing the company<br />
registration fees and made paying taxes<br />
easier and less costly for companies<br />
by making electronic filing mandatory<br />
and reducing the property tax rate. The<br />
ranking also reflects improvements in<br />
the ease of dealing with construction<br />
permits, as the one-stop shop for permits<br />
implemented in 2013 led to further<br />
reductions in the time required to obtain a<br />
development approval.<br />
In terms of Foreign Direct Investments<br />
(FDIs), <strong>Malaysia</strong> is expected to gain a<br />
significant momentum. The <strong>Malaysia</strong>n<br />
government stated that FDIs in ASEAN<br />
surpassed two of the world’s biggest<br />
economies – the United States and China<br />
– valued at USD136 million in 2014.<br />
As for intra-ASEAN trade and investments,<br />
MITI revealed that removing the barrier<br />
encircling the 10-member states has<br />
led to an increase from USD1.22 billion<br />
in 2000 to USD24.4 billion in 2014. This<br />
Competitive Economic<br />
Region<br />
•Strengthen consumer protection<br />
•Intellectual property rights<br />
•Promote infrastructural development<br />
and e-commerce<br />
•Reduce double taxation<br />
•Develop competition policy<br />
Equitable Economic<br />
Development<br />
•Accelerate the development of small<br />
and medium enterprises (SMEs)<br />
•Enhance ASEAN integration to<br />
reduce development gap between<br />
member countries<br />
54 | <strong>Best</strong> of <strong>Malaysia</strong>
Myanmar<br />
Population (Million): 52.797<br />
Nominal GDP in<br />
Billion USD: 53,140<br />
ASEAN GDP (overall %): 2.29<br />
Thailand<br />
Population (Million): 66.785<br />
Nominal GDP in<br />
Billion USD: 365,966<br />
ASEAN GDP (overall %): 15.75<br />
Cambodia<br />
Population (Million): 14.865<br />
Nominal GDP in<br />
Billion USD: 14,038<br />
ASEAN GDP (overall %): 1.60<br />
<strong>Malaysia</strong><br />
Population (Million): 29.240<br />
Nominal GDP in<br />
Billion Thailand USD: 305,033<br />
ASEAN GDP (overall %): 15.75<br />
MYANMAR<br />
LAOS<br />
VIETNAM<br />
PHILIPPINES<br />
THAILAND<br />
CAMBODIA<br />
BRUNEI<br />
MALAYSIA<br />
INDONESIA<br />
Indonesia<br />
Population (Million): 246.864<br />
Nominal GDP in<br />
Billion USD: 878,043<br />
ASEAN GDP (overall %): 37.79<br />
Laos<br />
Population (Million): 6.646<br />
Nominal GDP in<br />
Billion USD: 9,418<br />
ASEAN GDP (overall %): 1.07<br />
Brunei<br />
Population (Million): 0.412<br />
Nominal GDP in<br />
Billion USD: 16,954<br />
ASEAN GDP (overall %): 1.93<br />
Vietnam<br />
Population (Million): 88.775<br />
Nominal GDP in<br />
Billion USD: 155,820<br />
ASEAN GDP (overall %): 6.71<br />
Singapore<br />
Population (Million): 5.312<br />
Nominal Cambodia GDP in<br />
Billion USD: 274,702<br />
ASEAN GDP (overall %): 11.82<br />
SINGAPORE<br />
Sources: World Data Bank 2012, aseanup.com<br />
Philippines<br />
Population (Million): 96.707<br />
Nominal GDP in<br />
Billion USD: 250,182<br />
ASEAN GDP (overall %): 10.77<br />
accounted for 17.9% of the total FDI<br />
inflows into the region in 2014. Similarly,<br />
the intra-ASEAN trade accounted for<br />
24% of the total ASEAN trade or USD608<br />
billion. As ASEAN’s per capita income<br />
stood at around USD4, 130 in 2015, the<br />
intra-ASEAN trade was expected to grow<br />
to 30% by 2020.<br />
AEC, which focuses on four economic<br />
pillars, is set to chart a strong impact<br />
on the global economy. Its pillars are to<br />
create a single market and production<br />
base where goods, services, investments,<br />
capital and skilled labour flow freely, to<br />
establish a highly competitive economic<br />
region, backed by a competition policy<br />
and interconnected infrastructure,<br />
develop a region of equitable economic<br />
development, narrowing development<br />
gaps and levelling the playing field for<br />
small businesses and finally integrating<br />
with the global economy, including free<br />
trade deals with major economies such<br />
as China, Japan, India, South Korea,<br />
Australia, and New Zealand.<br />
In real terms, apart from lowering tariffs,<br />
this will mean greater mobility to facilitate<br />
the movement of professionals across<br />
borders as this will allow the skilled labour<br />
force to practice in different countries<br />
using just one, unified set of credentials.<br />
SMALLER FIRMS SET TO BENEFIT<br />
Another key generator of jobs and<br />
economic growth to be observed<br />
from this partnership is the presence<br />
of an increasing number of small and<br />
medium enterprises (SMEs). In <strong>Malaysia</strong>,<br />
dedication to develop the bulk of<br />
businesses which are SMEs, are well<br />
underway. The SME Corporation <strong>Malaysia</strong><br />
works closely with all government<br />
ministries and over 60 governmental<br />
agencies in conducting outreach<br />
programmes to ensure that the people<br />
within the industry are well-prepared for<br />
the AEC.<br />
SMEs are the backbone of the national<br />
economy and the <strong>Malaysia</strong>n government<br />
has vowed to continue supporting them.<br />
This is evident through the ministry’s<br />
ASEAN Strategic Action Plan for SME<br />
Development 2016-2025. The plan<br />
includes measures for capacity building in<br />
areas such as ICT adoption, e-commerce<br />
and standards conformance and<br />
compliance; facilitating inter-firm networks<br />
and linkages within ASEAN for economies<br />
of scale; and sectoral and geographicalbased<br />
SME clusters for shared resources<br />
to reduce costs.<br />
In addition, <strong>Malaysia</strong>n companies<br />
operating in ASEAN have formed<br />
networks of <strong>Malaysia</strong>n business councils<br />
that can provide advisory services for<br />
<strong>Malaysia</strong>n companies interested in doing<br />
business in the region. By investing in<br />
<strong>Malaysia</strong>, it could mean investors would<br />
be able to reap from a profitable, cost<br />
competitive centre as many <strong>Malaysia</strong>n-<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 55
ASEAN GDP GROWTH VS MAJOR ECONOMIES<br />
2013<br />
2014 2015<br />
WORLD<br />
ADVANCED<br />
ECONOMIES<br />
(US, EURO AND JAPAN)<br />
DEVELOPING<br />
ECONOMIES<br />
ASEAN<br />
3.0% 3.6% 3.9%<br />
1.3% 2.2% 2.3%<br />
4.7% 4.9% 4.3%<br />
5.0% 5.0% 5.4%<br />
Sources: International Monetary Fund’s World Economic Outlook 2014,<br />
Asian Development Bank’s Asian Development Outlook April 2014<br />
56 | <strong>Best</strong> of <strong>Malaysia</strong>
listed companies have among the<br />
highest operating margins and returns<br />
in Southeast Asia, a well-known<br />
business services centre, possess the<br />
infrastructure and facilities to access<br />
a trillion dollar market and have the<br />
continuous support of pro-business<br />
governmental support offering tax and<br />
other incentives to encourage business<br />
growth and development.<br />
PROGRESS UNDERWAY IN OTHER<br />
COUNTRIES<br />
In Indonesia, the largest economy of<br />
the AEC and ASEAN’s most populous<br />
nation, the government is reaching out<br />
and providing training to some 74,000<br />
of its SMEs on exportation methods.<br />
Apart from that, as improving interagency<br />
coordination will be equally<br />
important, the Indonesian government<br />
will be establishing a creative economy<br />
board and supporting SME’s marketing<br />
through a public university.<br />
The Indonesian government also<br />
increased its infrastructure development<br />
budget to IDR313.5 trillion (approximately<br />
USD23 billion) for 2016, significantly<br />
higher than the budget allocation for<br />
infrastructure in the 2015 budget.<br />
Vietnam too has beefed up its efforts<br />
in anticipation of the AEC. Two years<br />
ago, the New Enterprise Law simplified<br />
procedures for establishing businesses<br />
while the country’s Investment<br />
Law loosened regulations. Notable<br />
amendments to the Investment Law for<br />
both domestic and foreign investors<br />
included revamping and streamlining the<br />
system by shortening the application<br />
processing days and allowing foreign<br />
investors to own charter capital of an<br />
enterprise in Vietnam without being<br />
subject to any limit, unless otherwise<br />
provided by Vietnamese law.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 57
As for Singapore, in 2013, it was reported<br />
that hundreds of multinational corporations<br />
used it as their regional headquarters, and<br />
there were approximately 4,000 companies<br />
from mainland China that did the same in<br />
order to tap into trade in Southeast Asia.<br />
With its world-class infrastructure and<br />
ports, the developed nation is a hub for<br />
research and development and logistics.<br />
Singapore has the lowest corporate tax<br />
among all ASEAN member states; as a<br />
result companies may attempt to shift their<br />
profits to Singapore.<br />
According to Thailand’s Real Estate<br />
Information Centre, the country’s property<br />
market is set to benefit from the AEC<br />
integration. The second largest economy<br />
in ASEAN after Indonesia, its income level<br />
and purchasing power is higher than its<br />
neighbouring countries Myanmar and<br />
Vietnam and it also possesses enough<br />
land area for development and future<br />
investments. The profits are set to flow in<br />
through foreign investors expanding their<br />
businesses in ASEAN countries with firms<br />
moving their management and operation<br />
staff into this region which ultimately mean<br />
space for work and living.<br />
Myanmar, Vietnam and the Philippines<br />
are likely to become major sources of<br />
growth within ASEAN before long, thanks<br />
largely to the growing number of labourintensive<br />
businesses setting up shop<br />
within their borders.<br />
This is attributable to a variety of factors,<br />
such as better distribution of investment<br />
from abroad into ASEAN countries, betteralignment<br />
of international division of labour<br />
in manufacturing within the zone and<br />
stronger inter-industry relations among<br />
bloc members.<br />
Moreover, foreign and Chinese<br />
manufacturers alike are relocating to other<br />
Asian countries to escape China’s rising<br />
labour costs and its stronger currency.<br />
This is due to the factor that labour costs<br />
in these countries are still comparatively<br />
lower than those of other ASEAN<br />
members. Furthermore, these countries<br />
possess populations large enough to<br />
ensure and maintain a steady supply of<br />
human resource.<br />
THE GLOBAL ECONOMY<br />
Meanwhile, ASEAN Plus Three (APT),<br />
formed in 1997, is a forum which includes<br />
the 10-member states plus China, Japan<br />
and South Korea.<br />
For South Korea, AEC could provide<br />
tremendous opportunities. ASEAN-Korean<br />
centre revealed that leaders from ASEAN<br />
and South Korea have set a target for<br />
two-way trade to reach USD200 billion by<br />
2020, up from USD138.2 billion in 2014.<br />
The ASEAN-Korean centre stated that<br />
the reason for the increased target stems<br />
from an abundance of opportunities for<br />
investment and intra-regional economic<br />
cooperation which also leads to higher<br />
changes of economic cooperation for<br />
ASEAN and other partners in Korea.<br />
ASEAN has emerged as the hub of free<br />
trade agreement (FTA) activity in Asia<br />
and plays a leadership role in negotiating<br />
trade rules for connecting Asia. FTAs<br />
have been concluded with ASEAN’s six<br />
dialogue partners: Australia, China, India,<br />
Japan, South Korea, and New Zealand.<br />
Moreover, negotiations for the Regional<br />
Comprehensive Economic Partnership<br />
(RCEP), covering ASEAN and its dialogue<br />
partners, were launched in 2012. When<br />
signed and implemented, RCEP will<br />
become the world’s biggest trade bloc,<br />
with comprehensive trade rules covering<br />
40% of world trade, GDP at a staggering<br />
USD17. 1 trillion and will provide<br />
significant economic gains to its members.<br />
With the sheer size of the opportunities<br />
that will be opened up by a fully-realised<br />
AEC, many of the larger firms are keeping<br />
an eye on this progress as different<br />
industries across the region establishes a<br />
stronger network that enhances ASEAN’s<br />
participation in the global supply chain.<br />
58 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 59
CANADA<br />
MALAYSIA<br />
VIETNAM<br />
BRUNEI<br />
JAPAN<br />
USA<br />
SINGAPORE<br />
MEXICO<br />
TPPA<br />
TRANS PACIFIC PARTNERSHIP<br />
AGREEMENT<br />
AUSTRALIA<br />
PERU<br />
NEW ZEALAND<br />
CHILE<br />
TPPA<br />
<strong>Malaysia</strong> has signed onto what is known<br />
as the biggest free-trade deal in history.<br />
But, why does it matter? In a nutshell, it<br />
leads to an increase in gross domestic<br />
products, investments and economic<br />
gains. It is set to be a leap forward for<br />
<strong>Malaysia</strong> as it looks to reduce tariffs,<br />
expand markets and promote freer trade.<br />
<strong>Malaysia</strong> and 11 other countries --<br />
Australia, Brunei, Canada, Chile, Japan,<br />
Singapore, Mexico, New Zealand,<br />
Peru, the United States and Vietnam --<br />
concluded the Trans-Pacific Partnership<br />
Agreement (TPPA) negotiations since its<br />
proposed agreement in 2005 on<br />
February 4, 2016.<br />
Set to become a regional regulatory and<br />
investment treaty, it is aimed at creating a<br />
platform for economic integration across<br />
the Asia Pacific region.<br />
Having originated as the Trans-Pacific<br />
Strategic Economic Partnership<br />
Agreement (TSEP or P4) with New<br />
Zealand, Chile, Singapore and Brunei as<br />
its first member countries, the entry and<br />
participation of the United States (US)<br />
in 2008 resulted in an expansion of the<br />
remaining countries.<br />
Today, after having joined the trade pact<br />
in 2010, <strong>Malaysia</strong> is expected to increase<br />
its gross domestic product (GDP) by 5.6%<br />
and also its export by 11.9% by year<br />
2025. So, let’s put things into perspective.<br />
1. Why does <strong>Malaysia</strong> want to be a part<br />
of TPPA?<br />
<strong>Malaysia</strong> has signed free trade agreements<br />
with several countries and trade blocs,<br />
including TPPA members Japan, New<br />
Zealand and Australia. But, these free<br />
trade agreements are usually limited to<br />
agreements between countries to lower<br />
their tariffs for certain goods and services.<br />
The TPPA has 29 chapters and covers<br />
issues that are beyond most free<br />
trade agreements. The new rules that<br />
are negotiated will determine how<br />
TPPA member countries approach<br />
60 | <strong>Best</strong> of <strong>Malaysia</strong>
competition, labour, environment,<br />
government procurement and intellectual<br />
property rights.<br />
In short, <strong>Malaysia</strong> wants more<br />
international market access for its<br />
exports under TPPA. The country<br />
intends to reduce bureaucracy, increase<br />
delivery system which would indirectly<br />
reduce incidences of corruption, protect<br />
the interest of government-linked<br />
conglomerates which have invested<br />
heavily abroad and ultimately boost<br />
the country as a favourite investment<br />
destination among foreign investors.<br />
2. How will the country gain from the<br />
agreement?<br />
With the TPPA, <strong>Malaysia</strong> is set to gain<br />
access to a market of 800 million people<br />
with a total GDP of USD27.5 trillion. The<br />
Peterson Institute of Economics stated<br />
that <strong>Malaysia</strong> stood to gain over USD41.7<br />
billion (RM133.9 billion) increase in exports<br />
and USD26.3 billion in income gains by<br />
2025 if it stays committed towards the<br />
developments within the TPPA.<br />
As <strong>Malaysia</strong> is an open economy that is<br />
often reliant on international trade, the<br />
<strong>Malaysia</strong>n government has assured that<br />
the TPPA will be the chosen gateway<br />
leading into an unprecedented and<br />
growing market – including the US – after<br />
the <strong>Malaysia</strong>-US Foreign Trade Agreement<br />
(FTA) talks fall through.<br />
On expanding markets, <strong>Malaysia</strong>n<br />
negotiators are currently pursuing<br />
more access for <strong>Malaysia</strong>n textiles<br />
to the US market and plywood to<br />
the Japanese market. For the over<br />
29-million populated country, a study by<br />
PricewaterhouseCoopers (PwC) revealed<br />
that the industries most likely to benefit<br />
from the pact are textiles, apparel, electrical<br />
and electronics (E&E) and automotive.<br />
PwC also stated that the sheer amount of<br />
investments was set to increase between<br />
USD136 billion and USD239 billion over<br />
2018 and 2027 following the country’s<br />
participation in the pact. It said the textile<br />
sector was bound to register the largest<br />
increase in investment growth in 2027,<br />
followed by construction and distributive<br />
trade sectors.<br />
3. What does the future hold?<br />
There have been 19 rounds of official<br />
negotiations that are hosted by all<br />
member countries. The culmination was<br />
achieved after <strong>Malaysia</strong> released the full<br />
text of the agreement for public viewing<br />
and signed their approval in February after<br />
ironing out issues in chapters concerning<br />
government procurement, intellectual<br />
property and state-owned enterprises.<br />
<strong>Malaysia</strong>’s Institute of Strategic and<br />
International Studies (ISIS) revealed<br />
that non-participation could place the<br />
country’s policy of close and friendly<br />
relations with other member nations at<br />
risk. As such, ISIS concluded that the<br />
TPPA participation is consistent with<br />
<strong>Malaysia</strong>’s New Economic Model and<br />
ambitions to become a high income<br />
economy. <strong>Malaysia</strong> will have fewer tariff<br />
restrictions in four new markets – the<br />
United States (90%), Canada (95%),<br />
Mexico (77%) and Peru (81%) of all tariff<br />
lines adding that <strong>Malaysia</strong>n exporters<br />
would gain a competitive advantage in<br />
market access compared with competitors<br />
who are not party to the TPPA.<br />
POTENTIAL IMPACT<br />
OF TPPA ON<br />
Textile<br />
Electrical and<br />
Electronics<br />
Automotive<br />
ECONOMIC SECTORS<br />
Yarn forward rule to boost<br />
exports and investments<br />
in upstream activities<br />
Large export opportunities<br />
from access to<br />
US government procurement<br />
Component manufacturers<br />
to benefit from greater<br />
market access<br />
Plastic<br />
Cheaper imports and<br />
lower tariffs to enhance<br />
export competitiveness<br />
Wood<br />
Lower trade barriers to raise<br />
export prospects<br />
Source: PricewaterhouseCoopers’ report on Potential Economic Impact of TPPA<br />
on the <strong>Malaysia</strong>n Economy and Selected Key Economic Sectors.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 61
62 | <strong>Best</strong> of <strong>Malaysia</strong>
One Belt, One Road<br />
China will be revitalising the ancient Silk<br />
Road overland and maritime trade routes<br />
in efforts to link the East and West. This<br />
is set to boost <strong>Malaysia</strong>’s presence with<br />
it being China’s largest ASEAN trading<br />
partner. Also, this economic initiative will<br />
allow <strong>Malaysia</strong> to expand its business<br />
opportunities, tap into larger markets<br />
and allow the country to elevate its<br />
global status.<br />
A leading trading nation in Association of<br />
Southeast Asian Nations (ASEAN) with<br />
rich natural resources, strong economic<br />
fundamentals and a pro business<br />
government, <strong>Malaysia</strong> is set to develop<br />
maritime links in a freight system dominated<br />
by European shippers via Beijing’s Maritime<br />
Silk Road.<br />
In 2013, Chinese President Xi Jinping<br />
unveiled an ambitious plan - to create the<br />
modern-day equivalent of the historic Silk<br />
Road. The plan aimed at having new land<br />
and water routes tying China to trading<br />
partners all the way to Europe.<br />
<strong>Of</strong>ficially the 21st century Maritime Silk<br />
Route Economic Belt, this initiative is a<br />
development strategy and framework<br />
focusing on connectivity and cooperation<br />
involving over 60 countries, covering a<br />
population of 4.4 billion with an estimated<br />
economic output of USD21 trillion. It<br />
consists of two main components which are<br />
the land-based “Silk Road Economic Belt”<br />
and ocean-going “Maritime Silk Road”.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 63
Europe<br />
(Baltic Sea)<br />
Russia<br />
Europe<br />
Mediterranean<br />
Sea<br />
Persian<br />
Gulf<br />
West<br />
Asia<br />
Central<br />
Asia<br />
South<br />
Asia<br />
China<br />
South<br />
China Sea<br />
Indian<br />
Ocean<br />
South East<br />
Asia<br />
South<br />
Pacific<br />
Silk Road Economic Belt<br />
21st Century Maritime Silk Road<br />
A strategic initiative to increase<br />
investments and foster collaborations<br />
across the historic Silk Road, <strong>Malaysia</strong>’s<br />
Transport Ministry stated that its country<br />
is located in an important strategic<br />
road along the route as it is situated in<br />
the centre of Southeast Asia as well as<br />
positioned along the Straits of Malacca,<br />
one of the busiest trade routes in<br />
the world.<br />
THE ROUTE’S HISTORY<br />
The route, under obvious reasons, derived<br />
its name from China’s monopoly on silk<br />
production since Emperor Han’s dynasty<br />
between 206 BC and 220 AD. A textile of<br />
ancient Chinese origin and woven from<br />
the protein fibre produced by silkworms<br />
to make its cocoon, the Chinese empire<br />
initially used the fabric as a diplomatic<br />
gift but as the years progressed, it was<br />
traded with the country’s immediate<br />
neighbours and ultimately became one of<br />
its chief exports.<br />
As countries joining the route increased,<br />
the route extending till Europe gradually<br />
linked up to form what is known today<br />
as the Silk Roads, a path of trade across<br />
both land and sea, along which silk and<br />
many other goods were exchanged<br />
between people from across the world.<br />
However, the term ‘Silk Road’ is in fact a<br />
relatively recent term and for a long time<br />
in history, these roads had no particular<br />
name. Only in the mid-nineteenth century,<br />
German geologist Baron Ferdinand<br />
von Richthofen named the network<br />
‘Die Seidenstrasse’ which meant ‘Silk<br />
Road’. The road allowed <strong>Malaysia</strong>, most<br />
importantly the state of Malacca, to serve<br />
as an international port for centuries.<br />
THE PRESENT DAY ROUTE<br />
Fast forward to present day, the landbased<br />
road will begin in Xi’an in central<br />
China before stretching west through<br />
Lanzhou (Gansu province), Urumqi<br />
(Xinjiang), and Khorgas (Xinjiang), which<br />
is near the border with Kazakhstan. The<br />
Silk Road then runs southwest from<br />
Central Asia to northern Iran before<br />
swinging west through Iraq, Syria, and<br />
Turkey. From Istanbul, the Silk Road<br />
crosses the Bosporus Strait and heads<br />
northwest through Europe, including<br />
Bulgaria, Romania, the Czech Republic,<br />
and Germany. Reaching Duisburg in<br />
Germany, it swings north to Rotterdam<br />
in the Netherlands. From Rotterdam, the<br />
path runs south to Venice, Italy — where<br />
it meets up with the equally ambitious<br />
Maritime Silk Road.<br />
The Maritime Silk Road will begin in<br />
Quanzhou in Fujian province, and also hit<br />
Guangzhou (Guangdong province), Beihai<br />
(Guangxi), and Haikou (Hainan) before<br />
heading south to the Malacca Strait. From<br />
Kuala Lumpur, the Maritime Silk Road<br />
heads to Kolkata, India then crosses<br />
the rest of the Indian Ocean to Nairobi,<br />
Kenya. From Nairobi, the Maritime Silk<br />
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Road goes north around the Horn of Africa<br />
and moves through the Red Sea into the<br />
Mediterranean, with a stop in Athens<br />
before meeting the land-based Silk Road<br />
in Venice.<br />
AN ECONOMIC BOOM<br />
The geographic vision is no less<br />
impressive than the economic vision.<br />
Between 2001 and 2008, China was the<br />
fourth largest trading partner for <strong>Malaysia</strong>.<br />
Since 2009, China has become the largest<br />
trading partner. China has been ASEAN’s<br />
largest trading partner since 2009 while<br />
ASEAN has been China’s third largest<br />
trading partner since 2010. In 2014,<br />
<strong>Malaysia</strong>’s bilateral trade with China<br />
increased to RM207.85 billion, or a 14.3%<br />
share of <strong>Malaysia</strong>’s total external trade.<br />
As such, it comes as no surprise that<br />
<strong>Malaysia</strong> intends to bank on its continued<br />
stream of opportunities from this initiative.<br />
Furthermore, in late 2015, China’s premier<br />
Li Keqiang offered up to USD10 billion<br />
in loans to ASEAN members, to be used<br />
for infrastructure building. In addition,<br />
Li promised to hold a USD7.8 billion<br />
quota for <strong>Malaysia</strong>n investors under the<br />
Renminbi Qualified Foreign Institutional<br />
Investor (RQFII), paving the way for more<br />
<strong>Malaysia</strong>n investment in China.<br />
The plan envisions building high-speed<br />
railroads, roads and highways, energy<br />
transmission and distributions networks,<br />
and fibre optic networks. Cities and<br />
ports along the route will be targeted<br />
for economic development. With that<br />
being said, the <strong>Malaysia</strong>n and Chinese<br />
governments signed a five-year plan to<br />
strive for USD160 billion by 2017, by<br />
expanding trade, investment, tourism,<br />
education, financial and infrastructure<br />
projects. China is also expected to open<br />
up the ASEAN route of the Trans-Asian<br />
railway, in order to link up Southeast<br />
Asian countries as well as to allow goods<br />
to be sent in both directions: east to<br />
Kazakhstan, Mongolia, Russia and other<br />
places; west to reach Central Asia.<br />
For <strong>Malaysia</strong>, the opportunities will<br />
come knocking. For starters, the Trans-<br />
Asian railway will be instrumental in<br />
expanding the economy and would<br />
present as a gateway to many countries<br />
especially ASEAN. Furthermore, the<br />
state of Sarawak, a region rich with<br />
resources and huge potential will be used<br />
as a cooperative platform for Chinese<br />
investors. In 2015, China’s Yunnan and<br />
Fujian Provinces signed letters of intent<br />
for friendly ties with Sarawak’s Corridor for<br />
Renewable Energy sector.<br />
FUNDING THE DREAM<br />
In terms of financing this plan, in 2014,<br />
China announced the launch of an Asian<br />
International Infrastructure Bank (AIIB),<br />
providing seed funding for the project,<br />
with an initial Chinese contribution of<br />
USD47 billion.<br />
The country has invited the international<br />
community of nations to take a major role<br />
as bank charter members and partners<br />
in the project. Members will be expected<br />
to contribute, with additional funding by<br />
international funds, including the World<br />
Bank, investments from private and public<br />
companies, and local governments.<br />
The vision here is to resurrect the ancient<br />
Silk Road as a modern transit, trade, and<br />
economic corridor that runs from Shanghai<br />
to Berlin. Traversing through countries<br />
including China, Mongolia, Russia,<br />
Belarus, Poland and Germany, extending<br />
more than 12,000 kilometres, this will<br />
create an economic zone which stretches<br />
to over one third the circumference of the<br />
earth. Building this will take decades, but<br />
if it aims at no less than a revolutionary<br />
change in the economic map of the world,<br />
one will have to be patient before the<br />
benefits can be reaped.<br />
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Be A Wanderlust<br />
A country home to over 30 million citizens from<br />
a plethora of races and religion, the melting pot<br />
of cultures does not end there. A diverse country<br />
with a mix of Malays, Chinese, Indians, indigenous<br />
tribes and a growing number of expatriates,<br />
<strong>Malaysia</strong> also offers a great deal of variety in<br />
terms of its historic buildings, iconic skyscrapers,<br />
shopping havens, hipster coffee cafes, pristine<br />
beaches and islands, mountains and lush forests.<br />
With a minimum of two million tourists flocking<br />
into the country each month, there is always<br />
something to see, do or eat and it rings true to an<br />
old adage by English poet Rudyard Kipling who<br />
once said: “The first condition of understanding a<br />
foreign country is to smell it.”<br />
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Kuala Lumpur<br />
<strong>Malaysia</strong>’s Bustling<br />
Metropolitan Capital<br />
PETRONAS TWIN TOWERS<br />
Once the world’s tallest building, this<br />
88-storey skyscraper still remains the<br />
world’s tallest twin towers standing<br />
majestically at 452 metres from ground<br />
level. Each tower weighs 30,000 tonnes<br />
which is equivalent to the weight of over<br />
40,000 elephants. The towers feature<br />
multi-faceted walls of 33,000 stainless<br />
steel and 55,000 glass panels. These<br />
specialised panels with light filtering<br />
and noise reduction properties provide<br />
a comfortable inner environment while<br />
stainless steel visors on the panels are<br />
provided to further protect visitors from<br />
the tropical sun. <strong>Of</strong>ficially opened to the<br />
public in 1999, the building which also<br />
houses a shopping mall, international<br />
offices and a science discovery centre<br />
attracts a minimum of 100,000 visitors on<br />
a daily basis.<br />
KL TOWER<br />
The KL Tower is the seventh tallest<br />
freestanding structure in the world and<br />
a meagre 31 metres shorter than the<br />
Petronas Twin Towers. Apart from housing<br />
a 360 degree-revolving restaurant, a<br />
theatre and an amphitheatre, the tower<br />
has a tropical rainforest aquarium which<br />
allows visitors to view fishes and other<br />
aquatic species swimming against a lush<br />
rainforest background. Furthermore, apart<br />
from being the tallest lookout point for a<br />
view of the city, the tower is annually used<br />
as an observatory by the government to<br />
view the formation of crescent moons that<br />
marks several celebrations including Eid in<br />
the Islamic calendar.<br />
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NATIONAL MONUMENT<br />
The National Monument pays homage<br />
to those who gave up their lives during<br />
the nation’s struggle against the threat of<br />
communism. Within its grounds is one of<br />
the world’s largest free-standing bronze<br />
sculptures. It was sculpted in 1966 by<br />
American sculptor Felix de Weldon, who<br />
was also the creator of the famous Iwo<br />
Jima monument in Washington DC. There<br />
are seven bronze human figures atop an<br />
oblong base with each figure denoting one<br />
of seven qualities: courage, leadership,<br />
sacrifice, strength, suffering, unity and<br />
vigilance. The topmost central figure holds<br />
the <strong>Malaysia</strong>n flag. He is flanked on the<br />
left and right by two other soldiers, both<br />
armed; the figure on the left is armed with<br />
a machinegun, while the other carries a<br />
rifle and a bayonet.<br />
CENTRAL MARKET, CHINATOWN,<br />
LITTLE INDIA<br />
Formerly known as a wet market, Central<br />
Market is at present a cultural heritage<br />
site brimming with arts and craft stores,<br />
restaurants and a popular venue among<br />
tourists to buy souvenirs when visiting<br />
the city. Authentic <strong>Malaysia</strong>n batik prints,<br />
sweet toffees known as ‘dodol’ and<br />
durian-infused coffee are regular items<br />
that can be found throughout the year<br />
at this place. Over a century old, the<br />
building’s decoration and stores often<br />
change in accordance with the many<br />
festivals celebrated in <strong>Malaysia</strong>. Located<br />
a stone throw’s away from Central Market<br />
is Chinatown. Based in Petaling Street,<br />
the place is also known as ‘Chee Cheong<br />
Kai’ (starch factory street) which is a<br />
reference to its roots as a former tapioca-<br />
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producing district. A bargain hunter’s<br />
paradise, notable items on this street are<br />
Chinese herbs and imitation goods. As<br />
for Little India, the place holds a 35-foot<br />
fountain at the junction, an information<br />
kiosk and a three-storey Indian bazaar<br />
apart from other stores and stalls selling<br />
Indian clothing and sweets while blasting<br />
the streets with Bollywood music. The<br />
place, located in Brickfields, was created<br />
as a tribute to the early Indian settlements<br />
located within the city.<br />
BUKIT BINTANG<br />
A haven for night owls and shoppers alike,<br />
this entertainment district attracts people<br />
from all walks of life throughout the day.<br />
The streets are packed with malls which<br />
include a premier shopping mall that<br />
carries international brands such as Diane<br />
Von Furstenberg, Dolce and Gabbana and<br />
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Juicy Couture, an array of Middle Eastern<br />
restaurants and bars and nightclubs with<br />
live music scenes and rooftop locations<br />
that cater to both the young and old.<br />
NATIONAL MUSEUM<br />
The National Museum provides a holistic<br />
view of various periods within the<br />
<strong>Malaysia</strong>n history and an appreciation of<br />
the country’s diverse ethnic groups. Two<br />
years after independence in 1959, the<br />
government appointed an architect to<br />
design the proposed National Museum<br />
to be built on the ruins of the Selangor<br />
Museum which was destroyed by war<br />
bombings in 1945. The museum began<br />
construction in 1962 and on August 31,<br />
1963, the building was finally completed.<br />
At present, the museum houses four main<br />
galleries which are split into the prehistoric<br />
era, Malay kingdoms, colonial eras<br />
and present-day <strong>Malaysia</strong>.<br />
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Selangor<br />
A Vibrant<br />
Industrial State<br />
BATU CAVES<br />
The site of several Hindu temples and<br />
shrines, Batu Caves is a limestone<br />
hill, discovered in 1892, that attracts<br />
almost a million devotees and tourists<br />
especially during the annual Hindu<br />
festival, Thaipusam. The site has three<br />
main caves and its main attraction is a<br />
large statue of Hindu God ‘Murugan’<br />
at the ground entrance before one<br />
chooses to climb 272 steps up the hill.<br />
The statue, which stands proud at 42.7<br />
metres, is the tallest statue of a Hindu<br />
deity in <strong>Malaysia</strong> and the second tallest<br />
statue of a Hindu deity in the world.<br />
FIREFLY PARK, KUALA SELANGOR<br />
Housing one of the biggest firefly<br />
colonies in the country, this park allows<br />
visitors to go on scheduled tours once<br />
the sun sets in order to see thousands<br />
of fireflies in their natural habitat. The<br />
place also boasts that visitors will be<br />
able to see large numbers of fireflies<br />
moving in perfect synchrony making<br />
way for a magnificent picture. As<br />
such, each night there is a stream of<br />
electric motor boats that ferry tourists<br />
up along the Selangor River as silently<br />
as possible to listen to the spectacular<br />
harmony of these fireflies while viewing<br />
their luminous flashes of light.<br />
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FRIM<br />
The Forest Research Institute <strong>Malaysia</strong><br />
(FRIM) is one of the leading institutions<br />
in tropical forestry research in the<br />
world. The Institute, which was founded<br />
in 1929, sits on a 545-hectare site<br />
adjacent to the Bukit Lagong Forest<br />
Reserve in Kepong. Apart from being a<br />
research centre, the site offers visitors<br />
a chance to experience nature trails,<br />
waterfalls, a nature education centre,<br />
camping and picnic sites, botanic<br />
gardens and arboreta. One of its main<br />
attractions is its canopy walkway,<br />
spanning 150 metres and suspended<br />
30 metres above ground.<br />
BROGA HILL<br />
Broga Hill, also known as ‘Lalang<br />
Hill’ - after the local species of grass<br />
that grows abundantly here, is a hill<br />
in Semenyih, at 400 metres high.<br />
The hill is famed for its incredibly<br />
panoramic views of the plains, oil palm<br />
plantations, nearby villages and towns,<br />
distant mountains and mixture of lush<br />
rainforest. At dawn, mist rising from<br />
the ground can be seen enveloping<br />
the green landscape in a carpet of<br />
white, evoking a surreal atmosphere. A<br />
popular hiking spot among locals and<br />
tourists, it is easily accessible via foot,<br />
taking anywhere between 20 and 45<br />
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minutes to reach its highest peak. There<br />
are three peaks in total, each one ascends<br />
above the other through a clear path<br />
fringed by tall grass at each side. From the<br />
summit, a proper jungle trail leads through<br />
primary rainforest to Tok Wan Mountain<br />
which stands at 675 metres, roughly one<br />
and a half hour hike on meandering slopes.<br />
NATIONAL ZOO<br />
Zoo Negara was officially opened in 1963<br />
and has matured into a well-known zoo<br />
all around the world. It has over 5,137<br />
specimens from 476 species of mammals,<br />
birds, reptiles, amphibians and fish. The<br />
zoo covers 110 acres of land and over<br />
the years, it has transformed itself to an<br />
open concept zoo with over 90% of its<br />
animals being kept in spacious exhibits<br />
with landscape befitting its nature. A<br />
well-known exhibit at the zoo is the Giant<br />
Panda exhibit. On a 10-year loan from<br />
China, two pandas will make <strong>Malaysia</strong> its<br />
home for a period of 10 years. The arrival<br />
of these Chinese bears represent peace<br />
and a symbol of diplomatic relationship<br />
between both countries for 40 years. Apart<br />
from boosting the number of visitors to the<br />
zoo, the arrival of these pandas are also a<br />
great opportunity for the zoo to highlight<br />
the issue of endemic endangered animals<br />
and champion wildlife appreciation and<br />
conservation education.<br />
I-CITY SHAH ALAM<br />
A 72-acre ICT-based urban development<br />
consisting of residential homes, offices and<br />
hotels, this technology park is best visited<br />
at night. This is when the place comes<br />
alive with an amazing forest of man-made<br />
trees brightly illuminated with millions<br />
of colourful LED lights. The site also<br />
houses an indoor snow park which allows<br />
visitors to escape the <strong>Malaysia</strong>n heat and<br />
experience a temperature of 5 degrees<br />
and below. The snow park has igloos, ice<br />
houses, slides, a mini-bobsled run, ice<br />
penguins and various other ice sculptures<br />
fully-illuminated by more LED lights.<br />
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Pahang<br />
A Land <strong>Of</strong> Hills<br />
And Valleys<br />
Cameron Highlands<br />
The country’s largest hill resort, the<br />
highland is a popular destination for<br />
lovely quaint little villages, butterfly<br />
parks, strawberry and honey bee farms,<br />
sprawling tea plantations or meals<br />
at the quintessentially Tudor-styled<br />
country inns. Situated 1,500 metres<br />
above sea level, temperatures vary<br />
often around 16 degrees and above<br />
which is considered chilly for local<br />
residents and a treat for foreigners<br />
who get to escape the sweltering<br />
heat of the lowlands. Apart from tea,<br />
strawberries and scones, the place is<br />
known for trekking and bird-watching.<br />
The tradition of having tea and scones<br />
dates back to the days English colonial<br />
officers used this place as a cool retreat<br />
during their occupation of <strong>Malaysia</strong>.<br />
Genting Highlands<br />
Dubbed the ‘city of entertainment’, the<br />
highlands is another cool retreat for<br />
many <strong>Malaysia</strong>ns. Attractions at this<br />
place include massive hotel chains<br />
and retail stores from the Genting<br />
Group which includes casinos, a winter<br />
wonderland, a video game park, a<br />
Ripley’s Believe or Not museum, a<br />
bowling centre, a movie theatre and<br />
an indoor theme park. Apart from<br />
capturing a scenic view of the cities<br />
below, Genting is a family retreat as it<br />
has activities for all.<br />
Tioman Island<br />
Pulau Tioman is an island off the east<br />
coast of Peninsular <strong>Malaysia</strong>, acclaimed<br />
as a geological wonder, ecological<br />
paradise and one of Southeast Asia’s<br />
most beautiful travel destinations.<br />
The island enchants visitors with its<br />
warm beaches, lovely seas and lush<br />
rainforests. Budget and mid-range<br />
hotels provide quick accommodation at<br />
every village, but there are also luxury<br />
resorts nestled within private coves<br />
and beaches. A melting pot of cultures,<br />
the island attracts travellers throughout<br />
the year. As for its name, legend has<br />
it that the island got its name from a<br />
pet mynah called ‘Tiong’ by locals. It<br />
was an excellent singer that greatly<br />
entertained villagers and as it was a<br />
favourite, locals named the island after<br />
its passing, a portmanteau of ‘Tiong’<br />
and ‘teman’ which translates to ‘friend’.<br />
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Terengganu<br />
A Bedazzling Hub <strong>Of</strong> Tropical Islands<br />
REDANG ISLAND<br />
The island is the first of <strong>Malaysia</strong>n Marine<br />
Parks to have a Marine Park Centre.<br />
The centre was established in 1990 and<br />
located off the southern tip of the island<br />
near the state of Penang. The centre’s<br />
focal point is administration, management<br />
and providing facilities for marine research<br />
and education. As a marine park, impact<br />
from human activities are managed to<br />
protect the marine environment and to<br />
conserve its coral reefs. Fishing is not<br />
allowed within the 3.2 kilometre radius<br />
while collection of all marine life including<br />
shells and corals are strictly prohibited.<br />
Besides the centre, the island is a popular<br />
snorkelling destination due to its large<br />
number of fishes and other species.<br />
Trekking through island trails are probably<br />
one of the best ways to appreciate the<br />
island’s surroundings which includes its<br />
flora and fauna and touted to have turtles<br />
coming to the beaches during nesting<br />
periods throughout the year. Favourite<br />
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nesting spots on the island include Pasir<br />
Chagar Hutang, Pasir Mak Simpan, Pasir<br />
Mak Kepit, Pasir Bujang and Teluk Dalam.<br />
PERHENTIAN ISLANDS<br />
Perhentian is comprised of two islands<br />
named Pulau Perhentian Kecil (Small<br />
Perhentian Island) and Pulau Perhentian<br />
Besar (Large Perhentian Island). The Malay<br />
word ‘Perhentian’ is translated as “place<br />
to stop” and this is exactly what these<br />
two islands were for traders travelling<br />
between <strong>Malaysia</strong> and Bangkok in the<br />
past. The islands are no longer used<br />
for trade purposes but rather a place to<br />
disconnect and de-stress. Simple chalets<br />
and some moderately luxurious resorts<br />
line the picturesque beaches along<br />
with restaurants, dive centres and boat<br />
operators advertising their services with<br />
hand-painted signs.<br />
A mecca for scuba-diving, top spots are<br />
Tokong Laut (Temple of the Sea, also<br />
known as the Pinnacle) and the Sugar<br />
Wreck. Tokong Laut is a pointed rock<br />
protruding from the seabed, surrounded by<br />
all kinds of coral and home to numerous<br />
species of reef fish and other marine<br />
life. The Sugar Wreck is an eerie-looking<br />
sunken freight ship that lies at around<br />
15-22 metres. Marine life is in abundance<br />
here and apart from the many species of<br />
hard and soft coral that form the backbone<br />
of these ecosystems, you can also expect<br />
to encounter turtles, several species<br />
of sharks, mackerel, jacks, moray eels,<br />
nudibranchs and various other reef fish.<br />
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Perak<br />
A Former Tin-Mining State<br />
Turned Cultural Region<br />
PANGKOR ISLAND<br />
Pangkor, derived from the Thai words<br />
‘Pang Ko’ which translates to ‘beautiful<br />
island’, is a mountainous island with its<br />
highest point at 1,216 metres. As the<br />
island consists of just mountains, roads<br />
were built to encircle it. Apart from the<br />
obvious reason to trek or hike on this<br />
island, other notable activities include<br />
hornbill-feeding, kayaking, parasailing<br />
and snorkelling. For those with an<br />
interest in sitting back and relaxing as<br />
the cool breeze rushes across your<br />
face, boat trips around the bay and<br />
visiting the boat-building industries<br />
come highly recommended for both<br />
locals and tourists alike.<br />
KELLIE’S CASTLE<br />
Once infamously known as a hangout<br />
for teens skipping schools, the castle<br />
was meant to be a home away from<br />
home for Scotsman William Kellie<br />
Smith in the 20th century. Wishing to<br />
retain the charm of his home back in<br />
Scotland, William began construction<br />
of his home in 1915. However, the<br />
construction came to a halt when he<br />
died from pneumonia. Today, the Perak<br />
State Government has rescued this<br />
structure, a solitary building projecting a<br />
strong personality and layers of mystery<br />
apart from being touted as a haunted<br />
castle by locals, and turned it around<br />
into a tourist attraction for those who<br />
wish to take a glimpse into the lives that<br />
lived there in the past.<br />
TAIPING ZOO AND NIGHT SAFARI<br />
Taiping Zoo is located in a lovely<br />
natural setting in Taiping Lake Gardens<br />
with streams, lakes and abundance<br />
of flora that gives the zoo a unique<br />
advantage of being able to use nature<br />
to its best. Amassing an area of 34<br />
acres, the Taiping Zoo has embarked<br />
on an expansion programme which<br />
includes the building of new ‘Open<br />
Concept’ animal enclosures. Taiping<br />
Zoo is currently home to more than<br />
180 species of animals totalling –<br />
1,300. These include tigers, lions,<br />
elephants, hippopotamus, giraffes,<br />
hornbills, and orang utans. The Taiping<br />
Night Safari is a first of its kind in the<br />
country. Bathed in lighting similar to<br />
moonlight, the beauty and splendour<br />
of nature is enhanced and in an effort<br />
to maintain the experience of a natural<br />
environment, the Taiping Night Safari<br />
attempts to display nocturnal animals in<br />
natural looking settings. This provides<br />
the opportunity for visitors to appreciate<br />
and value the treasures of nature while<br />
enjoying oneself.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 85
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Kedah
Kedah<br />
The Rice Bowl <strong>Of</strong> <strong>Malaysia</strong><br />
LANGKAWI ISLAND<br />
Langkawi is an archipelago consisting<br />
of over 100 islands in the Andaman<br />
Sea. The islands are blessed with an<br />
intriguing heritage of fabulous myths<br />
and legends of ogres and gigantic<br />
birds, warriors and fairy princesses,<br />
battles and romance. With a geological<br />
history dating back 500 million odd<br />
years, the islands contain unique rock<br />
formations that stir the imagination<br />
and baffle the mind. Numerous caves<br />
with their stunning stalactites and<br />
stalagmites taunt the adventurous to<br />
unravel their ancient secrets while its<br />
fine beaches offer sun-filled days of<br />
complete relaxation. The clear emerald<br />
waters around the islands provide<br />
numerous opportunities for a host of<br />
water sports and recreational activities.<br />
The enchanting marine life beneath<br />
the waters of Langkawi’s islands also<br />
beckon diving enthusiasts. A dutyfree<br />
island, travellers who visit the<br />
place often come home with bags of<br />
chocolates and alcohol.<br />
SEVEN WELLS WATERFALL<br />
‘Telaga Tujuh’ Waterfalls is billed as<br />
Langkawi’s most wonderful natural<br />
attraction. Set on its western headlands,<br />
its name means Seven Wells Waterfalls,<br />
referring to a series of seven connected<br />
natural pools fed by seven separate<br />
waterfalls in Mount Mat Cincang. As<br />
with any old settings, the mystery<br />
surrounding this attraction belongs to<br />
fairies. Locals often say fairies come to<br />
these pools to bathe but it is probably<br />
the crystal-clear water and extensive<br />
range of plants and flowers that would<br />
entice visitors into thinking it is indeed<br />
a magical place. For the adrenaline<br />
junkies, a hike up the steep climb to<br />
the top of the waterfalls, past huge<br />
rocks and through the seven pools is<br />
well-worth the journey that will take you<br />
approximately 45 minutes and along<br />
the way one is likely to spot macaques,<br />
hornbills or giant squirrels.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 87
Penang<br />
The Food Capital<br />
<strong>Of</strong> <strong>Malaysia</strong><br />
KEK LOK SI TEMPLE<br />
A Buddhist temple situated in the<br />
town of Air Itam, the Kek Lok Si is<br />
one of the best known temples on the<br />
island. The construction of the temple<br />
began in 1893 while the seven storey<br />
main pagoda or the Pagoda of 10,000<br />
Buddhas’ was completed in 1930. The<br />
pagoda combines a Chinese octagonal<br />
base with a middle tier of Thai design,<br />
and a Burmese crown; reflecting the<br />
temple’s embrace of both Mahayana<br />
and Theravada Buddhism. In 2002, a<br />
30.2-metre bronze statue of Kuan Yin,<br />
the goddess of mercy, was completed<br />
and opened to public. The statue<br />
is located on the hillside above the<br />
pagoda. The temple consists of many<br />
prayer halls, pagodas, bell towers and<br />
just about every other typical temple<br />
structure you can think of, in varying<br />
styles from Burmese to Chinese to Thai.<br />
GEORGE TOWN<br />
The capital of Penang, the town is<br />
named after British King George III.<br />
In the past, the city with its English<br />
influences was predominantly used for<br />
trading and cultural exchanges between<br />
the East and the West in the Straits of<br />
Malacca. Today however, the city is<br />
home to over 500,000 inhabitants with a<br />
multicultural life and heritage buildings<br />
that can be seen peppered along the<br />
streets. Retaining its rustic British<br />
charm, the city was listed as a Unesco<br />
World Heritage Site in 2008. This<br />
historic city has over 12,000 buildings<br />
comprising shophouses, churches,<br />
mosques, government offices and<br />
monuments. The core areas of the site<br />
encompass the Lebuh Acheh historical<br />
enclave and sites such as the Lebuh<br />
Acheh Malay mosque, Jalan Masjid<br />
Kapitan Kling mosque, Sri Mariamman<br />
Temple, Khoo Kongsi, St George’s<br />
Church, Assumption Church, St Xavier’s<br />
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Institution, Convent Light Street, Little<br />
India, museums and court buildings, the<br />
commercial area of Beach Street, Fort<br />
Cornwallis, Esplanade, City Hall, the<br />
clan jetties and port areas.<br />
BATU FERINGGHI<br />
The allure of this spot is its beaches.<br />
Lose the concrete view of cities and<br />
head for some much needed sun, sand<br />
and beach; perfect for a weekend<br />
picnic getaway. Sinking into the cool<br />
clear waters at this paradise will not<br />
be an issue as bathing areas are often<br />
cordoned off by floating buoys to<br />
protect swimmers from speeding jetskis,<br />
banana boat rides and parasailing.<br />
Also, occasionally, dolphins can be seen<br />
swimming from one side of the island<br />
to the other side. At night, the scene<br />
changes as both locals and tourists<br />
often flock the night markets - perfect<br />
for bargain hunters and foodies alike.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 89
Malacca<br />
A Historical State On<br />
The Straits <strong>Of</strong> Malacca<br />
JONKER’S STREET<br />
A street in the city’s Chinatown with<br />
many antiques, textile and handicraft<br />
stores as well as galleries, Jalan<br />
Hang Jebat, or Jonker’s Street as it is<br />
commonly known, is the street to go to<br />
if you intend to satiate hunger pangs<br />
with local cuisines or indulge in some<br />
clothing apparel or trinkets. Flanked<br />
on both sides of the road with heritage<br />
houses dating back to the 17th century,<br />
the street was home to Baba Nyonyas,<br />
also known as Peranakans, who were<br />
descendants of the 15th century<br />
Chinese immigrants who married local<br />
Malay women. Today, the street houses<br />
are mostly converted into stores selling<br />
a variety of things imaginable under the<br />
sun. On weekends, the street is closed<br />
to traffic and transforms into a very lively<br />
and crowded night market. Coming to<br />
life with a street party-like atmosphere,<br />
the place is a haven for those intending<br />
to spend without breaking the bank,<br />
enjoy the laidback vibe with live music<br />
and savour local dishes such as the<br />
‘chicken rice ball’ dish, dim sums, fresh<br />
spring rolls or ‘bakchang’ which is sticky<br />
rice stuffed with pork and wrapped in<br />
bamboo leaves.<br />
ST PAUL’S HILL<br />
The Portuguese colonised Malacca<br />
for 130 years. As defence is of great<br />
importance in holding ground, a fort<br />
called A’Famosa was built overlooking<br />
the state’s river. Within the fort walls<br />
were housing and food stores, a castle,<br />
a meeting room for the Portuguese<br />
Council and five churches. A sevenmonth<br />
attack by the Dutch just about<br />
destroyed the entire fortress, leaving<br />
only the entrance facade and the<br />
structure of a church at the top of the<br />
hill. Today, this hill is a popular site for a<br />
simple morning or late afternoon stroll<br />
while reminiscing through the historical<br />
remnants of the site. The exteriors are<br />
mostly ruins and the white-washed<br />
church, dedicated to Saint Paul the<br />
Apostle, will greet you as soon as you<br />
reach the top.<br />
RED SQUARE<br />
Also known as the Dutch Square,<br />
this attraction is hard to miss as the<br />
buildings are all painted in maroon<br />
colour that stands out amongst its<br />
surroundings. The former Dutch<br />
administration site consist of the<br />
Stadthuys building, a church, a fountain<br />
erected during the British colonisation<br />
and a clock tower paying homage to<br />
the population of Chinese settlers and<br />
in particularly to a local philanthropic<br />
businessman. A square looking to<br />
celebrate a carnival on any given day,<br />
the hustle and bustle will keep one on<br />
their toes at all times.<br />
90 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 91
Johor Bahru<br />
<strong>Malaysia</strong>’s Southern Gateway<br />
LEGOLAND AND HELLO KITTY TOWN<br />
These amusement parks, named after the<br />
famed international toys, will deliver and<br />
keep your family, especially younger kids<br />
entertained for the whole day. Legoland,<br />
an amusement and water park dedicated<br />
solely to the infamous toy bricks lying<br />
around one’s house and being stepped<br />
on most often by adults, opened its door<br />
to the public in 2012 and is the first of<br />
its kind in Asia and the sixth such park<br />
built, worldwide. It is a family holiday<br />
destination with more than 70 handson<br />
rides, slides, shows and attractions.<br />
Meanwhile, a town for Sanrio’s iconic<br />
character ‘Hello Kitty’ that has been taking<br />
the world by storm since the 80s and quite<br />
recently was revealed not to be a cat but a<br />
Japanese-British third grader, is the place<br />
to be if one owns everything Kitty.<br />
SRI RAJAKALIAMMAN GLASS TEMPLE<br />
Religious places of worships are often a<br />
place for self-reflection. At this temple,<br />
however, one is able to literally view their<br />
reflection with every step they take. The<br />
first and only Hindu glass temple in the<br />
country, the Sri Rajakaliamman temple<br />
was included in the <strong>Malaysia</strong>n Book of<br />
Records for its unique glass architecture<br />
in 2010. The temple has over 90% of<br />
glasswork as it is embellished by a mosaic<br />
of 300,000 pieces of red, blue, yellow,<br />
green, purple and white glass.<br />
DANGA BAY<br />
This recreational avenue possesses a<br />
myriad of high end retail outlets and fine<br />
dining restaurants. It is considered the<br />
biggest recreation park in Johor Baru<br />
as there are many activities suitable<br />
for all ages. The Danga Park is suitable<br />
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for children while the bay area is a<br />
romantic spot for couples with top-notch<br />
restaurants with a breath-taking night<br />
view. For shoppers, there is Danga City<br />
Mall and after a day of shopping, there are<br />
plenty of premier luxury of budget hotels<br />
within the area to choose and stay in.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 93
94 | <strong>Best</strong> of <strong>Malaysia</strong>
Sabah<br />
Blanketed By A Rug <strong>Of</strong> Trees And Mountains<br />
MOUNT KINABALU<br />
The mountain, called “Aki Nabalu” by the<br />
Kadazan Dusun tribe, is sacred to locals<br />
and thought to be the “revered abode of<br />
the dead”. Local tribes believe that spirits<br />
of their ancestors inhabit the top of the<br />
mountain. Standing majestically at 4,095m<br />
(13,435 feet above sea level), Mount<br />
Kinabalu is the highest mountain between<br />
the Himalayas and New Guinea. A World<br />
Heritage Site, it is well-known worldwide<br />
for its tremendous botanical and biological<br />
species biodiversity with plants of<br />
Himalayan, Australasian, and Indomalayan<br />
origin. It is also blessed with beautiful<br />
sceneries while taking a climb up.<br />
SIPADAN ISLAND<br />
Located in the Celebes Sea off the east<br />
coast of Sabah, the island is one of the<br />
most beautiful scuba diving spots in<br />
the world. The only oceanic island in<br />
<strong>Malaysia</strong>, the huge pillar that forms the<br />
atoll functions as a shelter for many sea<br />
animals and fish. Furthermore, there are<br />
only a few places in the world that have<br />
such a concentration of sea turtles. It<br />
is almost impossible to list all the fish<br />
and other sea creatures that you might<br />
encounter underwater when diving at<br />
Sipadan but among the species are<br />
schools of big-eye trevallies, many turtles,<br />
tornado-like formations of barracudas,<br />
schools of humphead parrotfishes, giant<br />
mantas and if lucky, hammerhead and<br />
white sharks.<br />
LABUK BAY PROBOSCIS MONKEY<br />
SANCTUARY<br />
For those wishing to get a glimpse of<br />
other primates apart from orang utans,<br />
the proboscis monkey is a treat to eyes<br />
with its large nose, webbed toes and pot<br />
bellies. In the centre of the mangrove<br />
forests of Semawang is the Labuk Bay<br />
Proboscis Monkey Sanctuary, where one<br />
can see Borneo’s indigenous proboscis<br />
monkeys. This privately-owned sanctuary<br />
located within an oil palm estate gives<br />
one the chance to observe these animals<br />
up close and personal. Apart from the<br />
monkeys, a night tour enables visitors to<br />
see wild boars, flying squirrels, fireflies<br />
and crocodiles.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 95
Sarawak<br />
A Goldmine <strong>Of</strong><br />
Nature And Wildlife<br />
Resources<br />
MULU NATIONAL PARK<br />
A national park located near the<br />
town of Miri and a UNESCO World<br />
Heritage Site, it houses caves and karst<br />
formations all within a mountain setting.<br />
Over a thousand of years, the flow of<br />
water draining from the slopes of Mount<br />
Mulu towards the sea has sliced deep<br />
gorges through the park’s limestone<br />
mountains and, within the rock itself,<br />
an intricate network of vast caves has<br />
been formed. Since 1978, these caves<br />
have been the focus for a succession of<br />
expeditions and a world of great beauty<br />
and mystery formed over thousands of<br />
years by the most elemental of forces -<br />
the passage of water through rock. This<br />
world, the domain of caves, is a huge<br />
hit among explorers, researchers and<br />
geologists.<br />
MATANG WILDLIFE CENTRE<br />
A wildlife refuge rehabilitation centre<br />
for endangered animals, predominantly<br />
orang utans, and the place trains<br />
animals who have been orphaned or<br />
rescued from captivity on surviving in<br />
the wild. Apart from orang utans, sun<br />
bears, deers, civet cats, sea eagles and<br />
hornbills are a common sight. Jungle<br />
trekking is also possible at this location.<br />
BAKO NATIONAL PARK<br />
This park packs a punch with its<br />
limited area. With its rainforest,<br />
abundant wildlife, jungle streams,<br />
waterfalls, interesting plant life,<br />
secluded beaches, panoramic rocky<br />
shoreline and extensive network of<br />
trekking trails, Bako offers visitors<br />
an excellent introduction to the<br />
rainforest and coastline of Borneo.<br />
Just slightly over 30 kilometres from<br />
Kuching, its accessibility and sheer<br />
range of attractions and activities<br />
have made Bako one of the most<br />
popular parks in Sarawak. Gazetted<br />
in 1957, it is Sarawak’s oldest national<br />
park, covering an area of 2,727<br />
hectares. Despite being one of the<br />
smallest national parks in the state, it<br />
remains one of the most interesting<br />
as it contains almost every type of<br />
vegetation found in Borneo.<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 97
Perlis<br />
A Hidden Gem <strong>Of</strong><br />
A State<br />
KELAM CAVE<br />
It is called the ‘cave of darkness’ but<br />
this brightly-lit cave is a 370-metre<br />
long limestone cave over 30 kilometres<br />
from the state’s capital, Kangar.<br />
Formerly used as a pathway for tinmining<br />
activities within surrounding<br />
areas since World War 1, visitors can<br />
still find remnants of the tin mine<br />
operation within the cave. The only<br />
path to the cave is via an eight-foot<br />
wide wooden suspension bridge built<br />
by an Englishman in 1935. The place<br />
is also popular for its enchanting ‘cave<br />
walk’ where one can enter from one<br />
end of the cave and come out at a<br />
different location.<br />
AL HUSSAIN FLOATING MOSQUE<br />
Built next to the Kuala Perlis Jetty,<br />
the mosque’s structure extends over<br />
the Straits of Malacca, earning it<br />
the nickname of a floating mosque.<br />
A 50-metre bridge connects to the<br />
main prayer hall above the water<br />
and it was built at a cost of about<br />
RM12 million. Distinctive features at<br />
this religious place of worship are its<br />
twin hexagon minarets at 7.1 metres,<br />
which is believed to be the first of its<br />
kind in the world and Quranic verses<br />
carved on the walls with translations<br />
in English and Malay. When dusk falls,<br />
the minarets are lighted with different<br />
colours signalling a different prayer<br />
time and used by fishermen as a<br />
prayer time guide.<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 99
Faith, Food and<br />
Festivities<br />
It is a common sight to see cars parked<br />
illegally by the side of <strong>Malaysia</strong>n roads<br />
as it could mean one of the following:<br />
there is a mosque or temple nearby<br />
and it’s prayer time, there’s a food stall<br />
selling snacks or local delicacies or it<br />
just could simply mean someone could<br />
not find a proper parking spot and is<br />
about to get towed away by authorities<br />
sooner or later. But, in a strange and<br />
quirky way, the system works and<br />
we have learnt to accept this as the<br />
<strong>Malaysia</strong>n way.<br />
OUR DIFFERENCES BRING US<br />
TOGETHER<br />
<strong>Malaysia</strong> has come a long way since its<br />
first Prime Minister Tunku Abdul Rahman<br />
chanted ‘Merdeka’ seven times at the<br />
Merdeka Stadium in Kuala Lumpur on<br />
August 31st, 1957. The country broke free<br />
from the clutches of British administration<br />
since it entered the region in 1786. Today,<br />
comprising three main religions and an<br />
intriguing mix of race and culture, its<br />
people have learnt to work and live among<br />
one another despite being raised from<br />
varying backgrounds.<br />
LEAVE YOUR SHOES AT THE DOOR<br />
Islam is the official religion and the largest<br />
ethnic group are Malays who make up<br />
slightly over half of the 30-million strong<br />
population. The language spoken is<br />
Bahasa <strong>Malaysia</strong> or simply known as<br />
Malay, the country’s national language<br />
and spoken by a large majority if not all<br />
<strong>Malaysia</strong>ns. Simple phrases that can be<br />
used to initiate conversation includes:<br />
How are you? = Apa Khabar<br />
(pronounced as a-pah car-bah)<br />
Thank you = Terima Kasih<br />
(pronounced as te-ri-mah car-say)<br />
Good morning = Selamat Pagi<br />
(pronounced se-lah-mutt pah-gee)<br />
The country also celebrates major festivals<br />
observed by the Muslim community and<br />
the most prominent celebrations are<br />
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Eid or Hari Raya Aidilfitri, Hajj celebration day and Prophet<br />
Muhammad’s birthday which are all national holidays.<br />
Hari Raya which is celebrated after Muslims fast for one month<br />
during Ramadan (the ninth month of the Islamic calendar), is<br />
ushered in with prayers, food and firecrackers with family and<br />
friends. A common tradition in the country is ‘open houses’.<br />
Not to be confused with the western definition of a realtor<br />
showing a property to interested individuals, the <strong>Malaysia</strong>n<br />
definition of the phrase refers to people ‘opening their houses’<br />
to friends and families to visit, mingle and celebrate a particular<br />
festivity. If unfamiliar to the concept, there are plenty of<br />
ministries and government bodies that organise public open<br />
houses and it is often a place for both locals and tourists to<br />
attend and soak in the celebrations. However, once invited<br />
to a person’s house, it is a common Asian thing to leave your<br />
shoes outside the house as most do not wear their footwear<br />
inside. This has nothing to do with religion but rather a form of<br />
maintaining a clean and tidy home.<br />
A COUNTRY THAT LOVES TO EAT<br />
If something goes well with holidays, it’s the food. <strong>Malaysia</strong>ns<br />
are huge fans of spicy food and the Malay cuisine is no<br />
different. A food nation that loves its rice, the most famous<br />
Malay dish and touted as the country’s national food is ‘Nasi<br />
Lemak’. Do not be fooled by its literal translation which means<br />
‘rice fat’. The coconut milk-infused rice that comes with spicy<br />
‘sambal’ (hot sauce), fried anchovies, sliced cucumbers, a<br />
boiled egg and peanuts will have one’s mouth salivating just by<br />
its sheer sight. Other popular dishes are satay (meat skewers<br />
that are grilled over a pit of charcoal fire and eaten with peanut<br />
sauce), ‘roti canai’ (a flatbread often eaten with fish or chicken<br />
curry) and curry puffs (puff pastries filled with baked potatoes<br />
or meat).<br />
CHEONGSAMS AND CHOPSTICKS<br />
The second largest ethnic group in the country is the Chinese.<br />
Having entered the country through diplomatic relations and<br />
wanting to earn a living, predominantly at tin mines, today,<br />
<strong>Malaysia</strong> is home to almost 30% of the race. Most <strong>Malaysia</strong>n<br />
Chinese are Mandarin literate with vernacular schools in<br />
the country using it as the medium of instruction but many<br />
are well-versed in other dialects which include Cantonese,<br />
Hokkien, Hakka and Teochew.<br />
The majority of the race are Buddhists who celebrate Chinese<br />
New Year and Wesak Day among its more notable festivities.<br />
During Chinese New Year, common sights are lion dances<br />
with firecrackers, both those celebrating and not celebrating<br />
dress in their finest traditional attire known as cheongsams and<br />
present red envelopes containing money known as ‘angpow’<br />
packets, usually given to children and unmarried adults by<br />
family members.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 101
When it comes to food, stir-fried rice noodles in a<br />
wok known as ‘Char Kway Teow’ is a known favourite<br />
<strong>Malaysia</strong>n Chinese dish. The dish is usually a mix of<br />
chives, egg, prawns or slices of chicken fried with a little<br />
soy and fish sauce. Hainanese chicken rice, yong tau foo<br />
(pieces of tofu or vegetables filled with fish paste) and<br />
wonton noodles are other favourites.<br />
EAT WITH YOUR HANDS<br />
Yes, that’s right. Forgo the fork and spoon, wash your<br />
hands and dig in. This is the best way to enjoy an Indian<br />
meal served on a banana leaf. The reason for using your<br />
hands dates back to ancient customs as it is believed<br />
that the joining of all fingers while eating improves our<br />
consciousness of the taste of the food we eat. As for the<br />
meal itself, it usually consists of white rice, a meat or lentil<br />
curry dish accompanied by a slew of vegetables, pickles<br />
and pappadum. Apart from that, other <strong>Malaysia</strong>n Indian<br />
favourites are ‘thosai’ (fermented crepe made from rice<br />
batter eaten with curry) and ‘vadai’ which are fried lentilfilled<br />
savoury doughnuts.<br />
Indians make up almost 10% of this country’s population.<br />
Entering the country to work at rubber estate plantations<br />
during the early years, today, many hold high-paying jobs<br />
and posts both within the government and private sectors.<br />
Mostly descendants from the south of India, the majority<br />
speak Tamil apart from Malayalam, Telugu or Hindi. While<br />
most are Hindus, there are also those who embrace other<br />
religions. Hindus celebrate Deepavali, the festival of lights<br />
and how good triumphed over evil, each year by going to<br />
the temple, also having ‘open houses’, baking traditional<br />
Indian cookies and creating a ruckus with firecrackers.<br />
PEOPLE OF THE LAND<br />
<strong>Malaysia</strong> has its fair share of indigenous tribes. This<br />
includes tribes such as Kadazan-Dusun, Bidayuh, Dayak,<br />
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Bajau, Murut and Iban. Historically<br />
the natives or better known as Orang<br />
Asli, regardless of their tribe, kept to<br />
themselves. However, in order to survive,<br />
communication with the outside world was<br />
still of importance. As such, those living<br />
in remote areas often traded with those<br />
living outside the forests for items such<br />
as salt, knives or weaponry not possible<br />
to make with things found in a jungle. In<br />
the past, most were animists and prayed<br />
to trees, plants or various other objects<br />
believing in the presence of spirits in<br />
them. But, as time progressed, a huge<br />
number embraced monotheistic religions<br />
such as Islam and Christianity due to<br />
missionary presence and state-sponsored<br />
programmes. These tribes often celebrate<br />
harvest festivals which are state holidays<br />
or celebrations as per their faith.<br />
A UNITED FRONT<br />
If one were to take a walk on Piccadilly<br />
Street in London, chances of bumping<br />
into a non-Caucasian is relatively high.<br />
This shows how far nations have come<br />
in having a diverse crowd all living under<br />
one roof. The case is no different with<br />
<strong>Malaysia</strong>. Apart from the races and<br />
religions mentioned, the country also has<br />
a significant number of Sikhs and Nyonya-<br />
Peranakans. Christianity together with<br />
Christmas are also given importance with<br />
the country receiving a public holiday for<br />
the day.<br />
Furthermore, apart from generally being<br />
bilinguals or trilingual the very least,<br />
English is considered second language to<br />
most and increasingly the first language<br />
for those in urban areas. Taught at<br />
government schools as a standalone<br />
subject, English language is taken<br />
seriously in the country where funds<br />
were even allocated for a Dual Language<br />
Programme in the 2016 national budget.<br />
This is a pilot project allowing 300 primary<br />
schools the option to teach subjects such<br />
as Science and Mathematics in English.<br />
To end on a lighter note, with 24-hour<br />
eatery outlets peppered throughout the<br />
country, it does come across to outsiders<br />
that all we <strong>Malaysia</strong>ns do is eat and<br />
enjoy our public holidays. Perhaps to the<br />
oblivious, we do. But, as the saying goes,<br />
we work hard and play hard too.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 103
Datuk Lee Chong Wei Datuk Zang Toi Pandelela Rinong<br />
<strong>Malaysia</strong>n Icons<br />
<strong>Malaysia</strong> may be a small country<br />
but there is a growing stream of<br />
ordinary <strong>Malaysia</strong>ns who have become<br />
extraordinary heroes for the country<br />
and its people, ultimately placing<br />
the country on a global pedestal.<br />
They come from various settings and<br />
backgrounds including from smalltown<br />
badminton courts, American film<br />
studios or fashion runways in Milan.<br />
But, as presenters announce their<br />
arrivals onto these arenas, the name<br />
of a <strong>Malaysia</strong>n who has succeeded<br />
on a worldwide scale is truly an<br />
achievement only reserved to some.<br />
Here, we take a look at six of those<br />
icons who have made both the country<br />
and its citizens proud.<br />
DATUK LEE CHONG WEI<br />
Datuk Lee Chong Wei is a <strong>Malaysia</strong>n<br />
Chinese professional badminton player.<br />
He was ranked first worldwide between<br />
21 August 2008 and 14 June 2012. He<br />
is the only <strong>Malaysia</strong>n shuttler to hold the<br />
number one ranking for more than a year.<br />
Chong Wei is a silver medallist in both the<br />
2008 and 2012 Olympic Games, making<br />
him the sixth <strong>Malaysia</strong>n to win an Olympic<br />
medal and the first <strong>Malaysia</strong>n to reach<br />
the finals in the men’s singles event. A<br />
treasured gem to the <strong>Malaysia</strong>n sports<br />
industry, in 2015, Chong Wei won three<br />
Super Series titles which were the French<br />
Open, China Open and the Hong Kong<br />
Open. As of January 2016, he is ranked<br />
second worldwide and now aged 34, he<br />
is married with two sons, intermittently<br />
coaches other badminton players, is<br />
UNICEF <strong>Malaysia</strong>’s National Ambassador<br />
and published an autobiography in 2012.<br />
DATUK ZANG TOI<br />
Fashion icon Datuk Zang Toi is a<br />
renowned fashion designer. Zang was<br />
born and raised in a small village in the<br />
state of Kelantan and was the youngest of<br />
seven children of a local grocer. But that<br />
did not stop his dreams of achieving big<br />
in the fashion industry. At the age of 20,<br />
he got himself to New York and enrolled<br />
into the distinguished Parsons School of<br />
Design. His hard work and determination<br />
soon paid off when he opened an atelier<br />
in the United States and a year later,<br />
Vogue magazine editor-in-chief Anna<br />
Wintour featured his collection in the<br />
March 1990 issue. During the same year,<br />
he was awarded the Mouton Cadet Young<br />
Designer of the Year which highlights<br />
top US designers. His clientele includes<br />
Sharon Stone, Elizabeth Taylor, Kirstie<br />
Alley, Patti LaBelle, Gong Li, Eva Longoria,<br />
Bill Gates’s wife Melinda and Saudi<br />
Princess Haifa Bandar Al-Saud.<br />
PANDELELA RINONG<br />
She is the first <strong>Malaysia</strong>n female athlete<br />
to win a medal at the Olympics. But<br />
don’t be fooled as this Sarawakian diver<br />
is only 23 years old. A sports science<br />
student at the Bukit Jalil Sports School in<br />
<strong>Malaysia</strong>, her most coveted win came in<br />
2012 when she bagged the bronze medal<br />
for the 10-metre diving event at the<br />
Summer Olympics in London. Her first<br />
international event was the International<br />
Swimming Federation (FINA) Diving<br />
World Cup in Beijing in 2008 where she<br />
finished sixth out of 24 and earned a spot<br />
in the 2008 summer Olympics. A fan of<br />
Korean pop music, the youngster has<br />
grown over the years and is definitely on<br />
track for greater achievements.<br />
In July 2015, she made history when she<br />
became the first <strong>Malaysia</strong>n to finish on the<br />
podium in an individual event in the World<br />
Aquatics Championships. She took home<br />
a bronze medal in the women’s 10-metre<br />
platform individual discipline in the event<br />
held in Kazan, Russia. With that win,<br />
Pandelela has become the first <strong>Malaysia</strong>n<br />
athlete to qualify for the 2016 Rio de<br />
Janeiro Olympics in Brazil.<br />
JAMES WAN<br />
If you are a horror fan, his name should<br />
be ringing bells. But, not many know<br />
that the man responsible behind the<br />
‘Saw’ film franchise, director of ‘The<br />
Conjuring’, ‘Insidious’, ‘Death Sentence’<br />
and ‘Fast and Furious 7’ is actually a<br />
39-year-old Sarawakian lad from the town<br />
of Kuching. Apart from directing, the<br />
man of many tricks is also a prominent<br />
horror film scriptwriter and has written<br />
several of the ‘Saw’ films apart from<br />
being a producer for movies including<br />
‘Annabelle’, ‘Mortal Kombat’ and quite<br />
recently being announced as the director<br />
for ‘The Conjuring 2’ and DC fictional<br />
superhero flick ‘Aquaman’. He may have<br />
left the country at a young age to pursue<br />
his education in Australia and currently<br />
resides in Los Angeles, albeit having an<br />
Australian citizenship. But, to many, he is<br />
still a <strong>Malaysia</strong>n at heart.<br />
TAN SRI TONY FERNANDES<br />
He turned a government-linked<br />
commercial airline into a highly successful<br />
budget airline. One year after his takeover,<br />
the company cleared its debts and was<br />
recognised as a strong industry player.<br />
This was all made possible by none other<br />
than the man responsible for AirAsia’s<br />
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tagline “Now Everyone Can Fly”. Apart<br />
from AirAsia, Fernandes is also the founder<br />
of Caterham F1 Formula One, chairman<br />
of London football club Queens Park<br />
Rangers and the proprietor of Tune Hotels,<br />
a budget boutique chain of hotels located<br />
in cities within <strong>Malaysia</strong>, United Kingdom,<br />
Australia, India and Indonesia. As of 2015,<br />
Forbes Asia’s <strong>Malaysia</strong>’s Richest valued<br />
Fernandes’ net worth at USD530 million,<br />
ranking him 33rd on the list.<br />
YUNA<br />
She may have a law degree but Yunalis<br />
Mat Zara’ai’s passion is to sing, write<br />
songs and become a fully-fledged<br />
entrepreneur. She began composing<br />
music at the age of 14 and went on to<br />
perform her own songs when she was<br />
19. Since 2006, she has performed in<br />
numerous acoustic shows and events<br />
throughout <strong>Malaysia</strong>. Yuna is currently<br />
signed with the Verve Music Group with<br />
Grammy-winning producer David Foster<br />
heading the creative operations. In 2012,<br />
her single “Live Your Life”, produced<br />
by Pharrell Williams debuted on iTunes<br />
and she was recognised with a National<br />
Youth Icon Award by the Prime Minister of<br />
<strong>Malaysia</strong> Datuk Seri NajibRazak. In June<br />
2015, she was appointed as <strong>Malaysia</strong>’s<br />
tourism adviser to boost tourist arrivals<br />
in the country alongside other <strong>Malaysia</strong>n<br />
icons Datuk Siti Nurhaliza and Datuk<br />
Jimmy Choo.<br />
DATUK DR MAZLAN OTHMAN<br />
The country’s first <strong>Malaysia</strong>n<br />
astrophysicist and the former Director of<br />
the United Nations <strong>Of</strong>fice for Outer Space<br />
Affairs, she also pushed for space science<br />
to be part of the school curriculum in 1990<br />
and established the National Planetarium<br />
in 1986. She oversaw the formation of<br />
the <strong>Malaysia</strong>n National Space Agency<br />
apart from leading it, which played an<br />
important role in sending the country’s<br />
first <strong>Malaysia</strong>n astronaut, Datuk Dr Sheikh<br />
Muszaphar Shukor, to space. She is<br />
also the creative mastermind behind the<br />
National Microsatellite Programme and the<br />
Langkawi National Observatory. In 2013,<br />
the 65-year-old received the Polarstar<br />
Award from the Austrian Space Forum for<br />
her engagement in space discussions.<br />
DATUK A. SAMAD SAID<br />
Having started out as an office clerk and<br />
later as a writer with several <strong>Malaysia</strong>n<br />
Malay language dailies, Samad eventually<br />
got the opportunity to do what he did<br />
best – authoring poems and short<br />
stories. Today, he is a renowned poet<br />
and novelist having been awarded with<br />
the <strong>Malaysia</strong>n National Laureate for<br />
his continuous contributions to Malay<br />
literature. In 1976, he was also named a<br />
‘Literary Exponent’ by the Malay literature<br />
community and shortly after was awarded<br />
with the Southeast Asia Write Award. His<br />
poem, “The Dead Crow” was translated<br />
into the English language and included<br />
in the <strong>Malaysia</strong>n lower secondary school<br />
English literature curriculum between<br />
2000 and 2009.<br />
Datuk Dr Mazlan Othman<br />
Datuk A. Samad Said<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 105<br />
James Wan<br />
Tan Sri Tony<br />
Fernandes<br />
Yuna
In With The New<br />
<strong>Malaysia</strong> is a key node in ASEAN’s<br />
bustling markets with its matured and<br />
intricate network of airports, roads,<br />
railways, highways and ports. Apart<br />
from being strategically-placed on the<br />
world map and owning world-class<br />
infrastructures, there are other factors<br />
that need to be considered in order to<br />
achieve its goal of becoming a highincome<br />
developed nation in the next<br />
four years. This includes maintaining<br />
and stepping up in areas such as cost<br />
competitiveness, political stability, talent<br />
availability, a mature legal judiciary and<br />
a pro-business government. Fully aware<br />
of the tide of interest flowing towards<br />
Asia, - the government of <strong>Malaysia</strong> - is<br />
however making sure and aiming to<br />
redouble efforts to expand <strong>Malaysia</strong>’s<br />
presence, both on a national and<br />
international scale.<br />
MOVING FORWARD<br />
Today, many global businesses are<br />
considering <strong>Malaysia</strong> as its location<br />
for regional operations and expansion<br />
strategies. The reason for it is an<br />
emerging market, liberal policies,<br />
government privatisations and quite<br />
recently the government’s Economic<br />
Transformation Programme (ETP) and<br />
<strong>Malaysia</strong> joining the ASEAN Economic<br />
Community (AEC).<br />
In addition, this is all possible through<br />
three key factors that will drive the<br />
country further. This is its pool of growing<br />
talent, 12 National Key Economic Areas<br />
(NKEA) categorised into industries<br />
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listed under the ETP and ultimately a<br />
government that is determined to help<br />
companies bank in on the country’s<br />
unique investment opportunities.<br />
A DIVERSED AND TALENTED<br />
RECRUITMENT HUB<br />
If you are looking to tap into the<br />
local talent, there is a pool of some<br />
3.19 million experienced <strong>Malaysia</strong>n<br />
professionals spread across various<br />
industries in the country.<br />
<strong>Malaysia</strong> also has a distinct advantage<br />
over its regional peers, with its large base<br />
of relatively young and well-educated<br />
talent. Literacy rates in <strong>Malaysia</strong> have<br />
reached nearly 93%. More than 50% of<br />
graduates from higher education institutes<br />
have studied in the fields of social science,<br />
business and law or science, mathematics<br />
and computer studies.<br />
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With over 40 local universities supplying<br />
an approximate 110,000 graduates<br />
each year, the government estimates to<br />
generate over 3.3 million jobs by 2020 and<br />
over 60% of these jobs will be between<br />
the middle and high-income bracket.<br />
However, multinational companies<br />
who wish to bring in their own industry<br />
experts need not break a sweat as the<br />
government is keen on promoting the<br />
sharing of knowledge and technology<br />
between foreign experts and the local<br />
talent pool as this constant exchange<br />
of ideas will ultimately create a more<br />
dynamic work environment.<br />
Due to <strong>Malaysia</strong>’s colonial past and<br />
multiracial demography, most of its<br />
citizens are multilingual — fluent in English<br />
and other languages, such as Bahasa<br />
Melayu and various Chinese or Indian<br />
dialects which leads to a workforce that<br />
has a diverse set of communication skills<br />
and are able to cater to a larger group of<br />
people due to their ability to comprehend<br />
several languages.<br />
As for ensuring that efforts are well on<br />
track to bring in the best into the country,<br />
the <strong>Malaysia</strong>n Prime Minister launched<br />
the Expatriate Services Division (ESD)<br />
in 2014 with the aim of streamlining<br />
and enhancing immigration service<br />
delivery for expatriate talent, especially<br />
those with expertise required by priority<br />
sectors spearheading <strong>Malaysia</strong>’s<br />
economic transformation.<br />
Executed through a joint cooperation<br />
between the Home Affairs Ministry,<br />
Immigration Department and TalentCorp<br />
which is the government’s think tank<br />
to formulate and facilitate initiatives<br />
that address the availability of talent,<br />
the ESD acts as a one–stop centre for<br />
expatriates and provides a single channel<br />
for expatriates or companies to submit all<br />
expatriate-related immigration matters via<br />
an integrated data platform.<br />
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At the end of the day, <strong>Malaysia</strong> is a<br />
melting pot of cultures, languages and<br />
backgrounds. This diversity has provided<br />
it with a competitive advantage to nurture,<br />
attract and retain world-class talent. As a<br />
result, investors have access to a highly<br />
educated and multilingual talent pool.<br />
SCALING NEW HEIGHTS<br />
Taking a glimpse at <strong>Malaysia</strong>’s history,<br />
it was an agrarian economy during<br />
independence in 1957 and then it moved<br />
into a more commodity-based economy.<br />
Agriculture is one of the 12 national<br />
key industries identified under the ETP.<br />
But, in order to expand its horizon, the<br />
manufacturing arm has been given more<br />
importance. Through a slew of incentives<br />
and as evidenced by the establishment of<br />
more oleo chemical refineries, it is looking<br />
to produce more downstream products.<br />
Apart from agriculture, other industries<br />
in the ETP include oil, gas and energy,<br />
business services, education, agriculture<br />
and financial services. In terms of business<br />
services, <strong>Malaysia</strong> is a preferred direction<br />
for international companies. As of early<br />
2016, the country is ranked third by A.T.<br />
Kearney’s Global Services Location Index.<br />
In 2012, it was reported that over 5,000<br />
foreign companies from more than 40<br />
countries are operating in <strong>Malaysia</strong>.<br />
However, in order to build resilience within<br />
the <strong>Malaysia</strong>n economy, through these key<br />
industries, the government is committed<br />
to ensure the government debt is below<br />
the 55% threshold and maintaining a<br />
fiscal deficit below 6%. The deficit as a<br />
percentage of Gross Domestic Product<br />
(GDP) in 2014 was 3.4% compared with<br />
6.4% in 2009, with public debt at 53.7%<br />
of GDP as at end of June 2015.<br />
A PRO-BUSINESS GOVERNMENT<br />
<strong>Malaysia</strong> has become highly efficient<br />
and the good news today is that we have<br />
been able to improve the ease of doing<br />
business. It is very easy to do business<br />
in <strong>Malaysia</strong>. The World Bank assessed<br />
<strong>Malaysia</strong> in 2009 at number 23. As of early<br />
2016, the country stands at the 18th rung.<br />
Change and transformation is inevitable.<br />
However, in order to keep track with other<br />
countries, new technologies and trends,<br />
<strong>Malaysia</strong> will be able to adapt quickly<br />
to changes that are happening if among<br />
other factors, the government is fiscally<br />
prudent and it brings in all fiscal reforms,<br />
securing its spot as an optimal hub for<br />
multinational companies in Asia and<br />
maintaining a growing talent pool.<br />
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Property<br />
Development<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 111<br />
Chapter 1
<strong>Malaysia</strong>’s Booming Property Market<br />
Kuala Lumpur, <strong>Malaysia</strong>’s capital and home<br />
to almost two million people which include<br />
a significant number of expats is a city to<br />
keep an eye on. This comes after a recent<br />
report unveiled that the country’s real estate<br />
offers many property-related opportunities to<br />
both local and international developers and<br />
institutional investors.<br />
Independent global property consultancy<br />
firm, Knight Frank, in its ‘Global Cities: The<br />
2016 Report’ revealed that Kuala Lumpur<br />
is one of five cities to watch in having the<br />
capacity to become a global city of the<br />
future alongside Bangkok, Dubai, Moscow<br />
and Nairobi. These cities are on the ‘Watch<br />
List’, a new section of Knight Frank’s report<br />
which examines the market performance of<br />
20 global cities of which 10 are located in<br />
the Asia Pacific region.<br />
Kuala Lumpur made the list due to its<br />
infrastructure investment being key to the<br />
city’s future growth. <strong>Malaysia</strong> Property Inc<br />
(MPI), a <strong>Malaysia</strong>n government initiative<br />
under the Economic Planning Unit, reported<br />
that Knight Frank <strong>Malaysia</strong>’s Managing<br />
Director, Sarkunan Subramaniam said,<br />
“Future improvements in urban mobility<br />
such as the Mass Rapid Transit (MRT) line<br />
in <strong>Malaysia</strong> is expected to revitalise the<br />
economic, business and social activities<br />
within the city centre while countering the<br />
pace of office decentralisation. There will be<br />
renewed interest in the city to live and work<br />
and also as a destination for entertainment<br />
and tourism.”<br />
He also said, “The impending entry of<br />
upscale hotel brands such as Four Seasons,<br />
Fairmont, Kempinksi and Jumeirah in the<br />
city will further catapult <strong>Malaysia</strong> further into<br />
the global tourism market.”<br />
He added that there were several familyowned<br />
businesses especially from the<br />
Middle East looking out for hotel chains<br />
varying from budget to luxury hotels as<br />
new investments.<br />
<strong>Malaysia</strong> is placed on the 10th spot out of<br />
14 cities in Asia with 9 kilometres of metro<br />
lines provided to every million residents,<br />
compared with Seoul which tops the chart<br />
at 40 kilometres per one million residents.<br />
With new infrastructure and residential<br />
and commercial building around the LRT<br />
and MRT stations, many new and exciting<br />
developments can be anticipated.<br />
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Sarkunan’s comments are corroborated in<br />
the 2016 report as the <strong>Malaysia</strong>n capital is<br />
evidently becoming the centre of a rapidly<br />
expanding rail network.<br />
KUALA LUMPUR-SINGAPORE HIGH<br />
SPEED RAIL (HSR)<br />
Apart from the MRT, the report states that<br />
the much anticipated HSR will also promote<br />
real estate opportunities.<br />
The report states, “Real estate opportunities<br />
are abundant along the route, and<br />
successful implementation will promote<br />
more development activities in the urban<br />
centres of Seremban, Melaka and Johor,<br />
as well as along the coastal corridor of<br />
<strong>Malaysia</strong>. The HSR project is also key to the<br />
proposed 495-acre Bandar <strong>Malaysia</strong> project<br />
which involves the redevelopment of the old<br />
airport at Sungai Besi, in Kuala Lumpur’s city<br />
fringe. The urban mixed-use development<br />
will house the HSR terminus and be<br />
integrated with the MRT Line, helping to<br />
transform the Greater Kuala Lumpur/Klang<br />
Valley region into a world-class metropolis.”<br />
HSR is looking to shorten travel time to 90<br />
minutes between KL and Singapore and<br />
expected to be completed in the next<br />
four years.<br />
Both the Prime Ministers of <strong>Malaysia</strong> and<br />
Singapore had, in 2013, jointly announced<br />
the Southern Corridor HSR project. At the<br />
same forum, the following year, the leaders<br />
had confirmed <strong>Malaysia</strong>’s terminal location in<br />
Bandar <strong>Malaysia</strong> and three possible terminal<br />
locations in Singapore, being Tuas West,<br />
Jurong East and City Centre.<br />
OFFICE PROPERTY MARKET<br />
The Kuala Lumpur perspective is of<br />
the view that the office market, with its<br />
upcoming supply of good quality dualcompliant<br />
space available at competitive<br />
rates, may see improved demand from<br />
multinational corporations when the HSR<br />
becomes operational.<br />
Another notable development is the<br />
Damansara City Project which is a prime<br />
example of owners developing and<br />
refurbishing their current properties to<br />
become more attractive to tenants. Several<br />
new buildings operating on pre-lease<br />
tenancy had shown a very healthy 95%<br />
occupancy rate.<br />
In Johor, where much of the property focus<br />
is centred on Iskandar <strong>Malaysia</strong>, global<br />
real estate services provider Savills, in its<br />
May 2015 property market overview, stated<br />
that overall occupancy rate averages 73%<br />
across Iskandar <strong>Malaysia</strong>, with only a few<br />
well-located office building that manage to<br />
achieve higher than 85%, such as Menara<br />
MSC Cyberport, JB City Square <strong>Of</strong>fice<br />
Tower, Menara TJB, Menara Ansar and<br />
Menara Landmark. Menara Landmark is<br />
located within an integrated development<br />
that consists of four levels of medical suites<br />
as well as the Doubletree by Hilton.<br />
As of May 2015, rental rates for prime office<br />
space in Johor Bahru City Centre are ranging<br />
between RM2.50 per square feet and<br />
RM3.50 per square feet per month. Future<br />
office supply is mostly sited within masterplanned<br />
developments such as Medini<br />
Business District, Medini Central, Iskandar<br />
Waterfront District, Iskandar Financial<br />
District and Sunway Iskandar.<br />
MPI also reported that Knight Frank<br />
<strong>Malaysia</strong>’s Capital Markets Executive<br />
Director, James Buckley said that they<br />
were seeing foreign buyers from Japan,<br />
Singapore, the Middle East, Indonesia<br />
and China enter the market ‘hunting’ for<br />
opportunities in <strong>Malaysia</strong>, particularly in<br />
Kuala Lumpur.<br />
He said investors were attracted to the<br />
relative ease of transacting in <strong>Malaysia</strong>, the<br />
favourable foreign ownership rules relative<br />
to other Southeast Asian markets and the<br />
weakness of the <strong>Malaysia</strong>n ringgit against<br />
the US Dollar.<br />
Globally, cities will continue to grow. As<br />
more and more people work and live in the<br />
city, space will be scarce and property value<br />
will increase. But, the National Property<br />
Information Centre (NAPIC), which is under<br />
the purview of <strong>Malaysia</strong>’s Finance Ministry<br />
has predicted that the year 2016 will see the<br />
property sector enduring these challenging<br />
periods with adjustments and corrections<br />
expected from both the demand and supply<br />
side. Although the property sector may see<br />
moderation in market activity, the slowdown<br />
would still be manageable more so with<br />
several infrastructure projects including<br />
public transport networks proving to be<br />
game-changers that would help boost<br />
values in areas where the networks run.<br />
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Facilities available for rent @ WISMA REHDA<br />
REHDA - A ‘Responsive, Respected,<br />
Responsible, Relevant’ NGO<br />
For inquires, kindly contact REHDA Secretariat at:<br />
03-78032978<br />
secretariat@rehda.com<br />
www.rehda.com<br />
REHDA is an association of real<br />
estate and housing developers<br />
founded in 1970. It is recognised<br />
as the leading representative body<br />
for private property developers in<br />
<strong>Malaysia</strong>.<br />
REHDA is highly regarded by the<br />
public and private sectors as a<br />
non-government organisation<br />
(NGO) for its commitment to<br />
nation building and betterment of<br />
life through sustainable property<br />
development.<br />
Advocacy<br />
Together with our 11 Branches,<br />
we actively engage the Federal<br />
and State governments and their<br />
relevant agencies in channelling<br />
members’ feedback and<br />
advocating better policies and<br />
providing problem resolution in<br />
various areas and matters related<br />
to the property industry.<br />
Governance<br />
We actively encourage best<br />
practices among member<br />
developers through regularly<br />
organised seminars and<br />
published literature, keeping<br />
members informed of the latest<br />
developments in the industry.<br />
Industry Networking<br />
We create opportunities for<br />
interaction among members,<br />
industry partners and government<br />
agencies through several<br />
industry-wide events within the<br />
year to enhance information<br />
sharing and build rapport.<br />
Contributions to the Industry<br />
Through REHDA’s initiative and<br />
leadership, the housing and<br />
property industry in <strong>Malaysia</strong><br />
has grown and matured over the<br />
years, delivering over 4 million<br />
units of housing to date. Through<br />
housing development activities,<br />
REHDA members contribute in<br />
excess of RM20 billion annually to<br />
<strong>Malaysia</strong>’s GDP impacting at least<br />
140 upstream and downstream<br />
industries, to emerge as one of<br />
the key contributors to the socioeconomic<br />
goals of the nation.<br />
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REHDA Institute<br />
Set up as the research, education and<br />
training arm for REHDA <strong>Malaysia</strong>, REHDA<br />
Institute was launched on 12 July 2004<br />
by the then Prime Minister YAB Dato’ Seri<br />
Abdullah Hj Ahmad Badawi to support<br />
the activities of the Association. It was<br />
specifically created to address the need to<br />
train up high calibre industry players at all<br />
levels and bridge the knowledge gap in this<br />
dynamic and ever-advancing housing sector.<br />
www.rehdainstitute.com<br />
GreenRE Sdn Bhd<br />
GreenRE (Green Real Estate) is the leading<br />
green building certification tool developed<br />
locally by the industry for the industry in<br />
<strong>Malaysia</strong>. It was established by REHDA<br />
<strong>Malaysia</strong> back in 2013 as an independent<br />
alternative green building certification tool<br />
to provide competitive choices for property<br />
developers to certify their buildings as green.<br />
Since then, our prestigious GreenRE logo<br />
has been the hallmark symbol for buildings<br />
nationwide that promotes sustainable and<br />
liveable built environment.<br />
www.greenre.org<br />
fair of the nation, the <strong>Malaysia</strong>n Property<br />
Expo or ‘MAPEX’, several times a year. Since<br />
its inception in 1998, MAPEX continues to<br />
be the largest one-stop showcase for house<br />
buyers featuring the latest in housing and<br />
property.<br />
MAPEX offers an unparalleled sales<br />
opportunity for those involved in the real<br />
estate industry as well as allied industries<br />
to showcase their products and services<br />
to interested audience of homebuyers and<br />
property investors. The exposition is well<br />
established as a convenient one-stop centre<br />
on property purchase and provides an<br />
incredible opportunity for participants to:<br />
• market directly to potential property<br />
buyers<br />
• meet interested investors<br />
• showcase latest products and services<br />
• establish networking<br />
• increase media exposure<br />
• brand building<br />
www.mapex.com.my<br />
<strong>Malaysia</strong>n Property Exposition (MAPEX)<br />
REHDA <strong>Malaysia</strong> and its Branches host the<br />
most renowned and longest running property<br />
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Construction<br />
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Chapter 2
A Robust and Highly Competitive Market<br />
The construction sector has not<br />
seen busier days than this. The<br />
11th <strong>Malaysia</strong> Plan unveiled last<br />
year reaffirms the strong and sturdy<br />
number of construction jobs to be<br />
generated till 2020.<br />
Last year, Maybank Investment Bank<br />
(IB) Research report stated that four<br />
major infrastructure projects with a<br />
total value of RM80 billion have been<br />
recorded and if the contracts are<br />
rolled out according to plan, there will<br />
be a continuous and strong job flow.<br />
This is expected to be driven from<br />
new tenders in public transport, oil<br />
and gas downstream infrastructure<br />
and water-related jobs.<br />
The Klang Valley Light Railway<br />
Transit Line 3 (KVLRT 3) rail project,<br />
Klang Valley Mass Rapid Transit<br />
Line 2, Gemas-JB electrified double<br />
track rail project and the Pan Borneo<br />
Highway Sarawak are some of the<br />
projects involved.<br />
Rail-related construction jobs<br />
are already set to be aplenty.<br />
This will come as a major<br />
significance to the <strong>Malaysia</strong>n<br />
economy as it is estimated<br />
that construction accounts<br />
for 9.5% of <strong>Malaysia</strong>’s total<br />
registered workforce.<br />
The construction sector<br />
in <strong>Malaysia</strong> is estimated<br />
to contribute about 5.5%<br />
or RM36.3 billion to the<br />
<strong>Malaysia</strong>n economy, with<br />
strong forward and backward<br />
linkages and more than<br />
100 types of businesses<br />
which are related to the<br />
construction industry.<br />
An important gear<br />
in the <strong>Malaysia</strong>n<br />
economy, construction<br />
is playing a pivotal role<br />
in the transformation,<br />
industrialisation and<br />
urbanisation process of <strong>Malaysia</strong><br />
from developing nation status to<br />
developed nation status as imagined<br />
in Vision 2020.<br />
Vision 2020 has created the<br />
environment for development of<br />
the sector. It has enhanced the<br />
growth and scope of the sector by<br />
execution of large scale advanced<br />
and modern infrastructure projects.<br />
Today, the <strong>Malaysia</strong>n construction<br />
industry is more advanced,<br />
modernised and well-equipped.<br />
It has a potential to deliver<br />
complex heavy infrastructure<br />
and skyscraper projects by using<br />
highly sophisticated mechanised<br />
techniques. This has resulted in<br />
rapid execution of many projects like<br />
high rise commercial and industrial<br />
buildings, highways, expressways,<br />
bridges and tunnels, housing<br />
schemes, schools and hospitals and<br />
sports and spa centres, monorail<br />
and power plants. The expansion of<br />
tourism and manufacturing sectors<br />
has also been playing an effective<br />
role to maintain growth momentum<br />
of the construction industry. Some<br />
of the major projects that were<br />
completed by the <strong>Malaysia</strong>n<br />
construction industry are the<br />
world tallest twin towers, Petronas<br />
Twin Towers, the Kuala Lumpur<br />
International Airport (KLIA), klia2, the<br />
North-South Expressway, Penang<br />
Bridge, Storm-water management and<br />
road tunnels, Commonwealth Games<br />
Village and several other projects.<br />
But, as <strong>Malaysia</strong> moves rapidly<br />
towards achieving the Vision, the<br />
government will have to take strong<br />
measures to uplift its economy<br />
including the construction sector as it<br />
is vital and essential for infrastructure<br />
development and has strong positive<br />
correlation with the country’s GDP<br />
(Gross Domestic Product).<br />
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CONSTRUCTION INDUSTRY<br />
TRANSFORMATION PROGRAMME<br />
(CITP)<br />
The CITP blueprint was launched by Prime<br />
Minister Datuk Seri Najib Razak last year<br />
and is spearheaded by the Works Ministry<br />
and Construction Industry Development<br />
Board (CIDB).<br />
In 2015, Works Minister Datuk Seri<br />
Fadillah Yusof was quoted as saying that<br />
part of attaining Vision 2020 included<br />
having CIDB achieve <strong>Malaysia</strong>’s national<br />
agenda to transform the construction<br />
industry through the Construction Industry<br />
Transformation Programme (CITP) which<br />
was launched last year.<br />
CITP is a comprehensive implementation<br />
plan which encompasses 18 initiatives,<br />
from four strategic thrusts namely Quality,<br />
Safety and Professionalism (QSP),<br />
Environment Sustainability, Productivity<br />
and Internationalisation. The four thrusts<br />
focus on ingraining quality, safety and<br />
professionalism into the industry; ensuring<br />
environmental sustainability measures<br />
are in place at the design, construction<br />
and subsequent maintenance of<br />
buildings, cities and infrastructure;<br />
raising overall productivity level of the<br />
industry; and, focusing on improving the<br />
competitiveness and subsequent ability of<br />
construction players to internationalise.<br />
Besides the four thrusts, CITP will also<br />
be pushing for the adoption of the quality<br />
assessment system in construction to<br />
measure the quality of workmanship in the<br />
industry, reduce accidents and fatalities in<br />
the industry, reduce the reliance on foreign<br />
labour and strengthen <strong>Malaysia</strong>n companies<br />
to compete with international players.<br />
With all these projects and programmes<br />
in place, the construction sector thus has<br />
a great impact not only on the country’s<br />
economic status but as well as socioeconomic<br />
development. A key sector<br />
that governs the lion’s share of financial<br />
resources of any economy and can play a<br />
role as a stepping stone towards improved<br />
social well-being in the country, the<br />
construction industry will help accelerate<br />
social and economic development and<br />
fight against poverty and unemployment.<br />
It also has multiple links with other sectors<br />
of economy, therefore, it is considered a<br />
driver of economic growth especially in<br />
developing economies like India, Pakistan,<br />
Vietnam and Indonesia.<br />
Under the 10th <strong>Malaysia</strong> Plan, the sector<br />
recorded a growth of 11.1% and as<br />
such is expected to continue growing by<br />
double-digits moving forward.<br />
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Swissma Building Technologies Sdn. Bhd.<br />
Total Solution Provider in Roofing and Wall Cladding<br />
Swissma’s office and factory located in Seksyen 15, Shah Alam<br />
Swissma Building Technologies Sdn<br />
Bhd was established with the expertise<br />
of European master-craftsmen and<br />
incorporation of European technologies,<br />
poised in providing high-end premium<br />
roofing and wall cladding system in<br />
<strong>Malaysia</strong>. Swissma together with its partners<br />
Sanko Metal Industries Co. Ltd (Japan) and<br />
Nippon Steel & Sumikin Bussan Corporation<br />
(Japan) provides total solution for roofing<br />
and wall cladding in terms of design,<br />
fabrication and installation. Swissma’s Sanko<br />
range of metal roof has a proven track<br />
record in <strong>Malaysia</strong> since 1974, supplying<br />
long length metal roofs to industrial buildings<br />
owned by foreign direct investors such as<br />
Intel, Infineon, First Solar and B. Braun just<br />
to name a few.<br />
Swissma’s total solutions are able to cater to<br />
all design requirements including buildings<br />
of three dimensional shapes, industrial<br />
buildings that require long length metal roof<br />
installation, residential homes, airports,<br />
institutional and commercial buildings.<br />
Their forte is the ability to provide value<br />
engineering to meet both technical and<br />
budgetary requirements.<br />
Hartalega Factory in Sepang, Selangor<br />
Lexis Hibiscus Resort in Port Dickson, Negeri Sembilan<br />
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Auditorium Cempaka Sari in Putrajaya<br />
The company’s core value in delivering<br />
quality products and solutions are evident<br />
in them utilizing only premium quality<br />
materials such as Clean COLORBOND®,<br />
ZINCALUME®, Pure Titanium, Titanium Zinc,<br />
Copper, Aluminium and Stainless Steel.<br />
Swissma’s vision is to be the leading Global<br />
Provider in Total Roofing and Cladding<br />
Solution. They have exported their products<br />
to Singapore, Brunei, Indonesia, Vietnam,<br />
Cambodia, Philippines, Gabon and Sudan.<br />
They are the first company in <strong>Malaysia</strong><br />
to secure FM (Factory Mutual) approval<br />
for metal deck roof. FM Approvals is an<br />
international company conducting in thirdparty<br />
testing and certification services,<br />
emphasizing on testing loss prevention<br />
products and services that applies to both<br />
commercial and industrial infrastructures.<br />
Recently, Swissma has been awarded The<br />
BrandLaureate BESTBRANDS Award 2015-<br />
2016 – President’s Award in Manufacturing<br />
Steel Roofing in recognition of its quality<br />
products and services.<br />
Awards<br />
The BrandLaureate BESTBRANDS<br />
Award 2015-2016, President’s Award in<br />
Manufacturing Steel Roofing<br />
SWISSMA BUILDING TECHNOLOGIES<br />
SDN. BHD. (444319-T)<br />
Lot. 194, Jalan Utas (15/7),<br />
Shah Alam Industrial Estate,<br />
P.O. Box 7053, 40700 Shah Alam,<br />
Selangor Darul Ehsan, <strong>Malaysia</strong>.<br />
Tel: +603 5519 1360<br />
Fax: +603 5510 1362<br />
Email: enquiry@swissma.com<br />
www.swissma.com<br />
Kota Kinabalu International Airport in Kota Kinabalu, Sabah<br />
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Telecommunications<br />
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Chapter 3
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GDex New logo as in 2008<br />
C100 M90 Y10 K60<br />
M100 Y100 K10<br />
Courier<br />
& Logistics<br />
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Chapter 4
GD Express<br />
<strong>Malaysia</strong>’s Premier Express Carrier Company A Growing Player Within Asean<br />
GD Express (GDEX), an express delivery and<br />
logistic services company with over 19 years<br />
of industrial experience is most definitely<br />
emerging as a formidable competitor within<br />
the industry. It may have come from humble<br />
beginnings but as it charts higher growth<br />
and gains significant market acceptance, the<br />
company is keen on boosting its presence<br />
within the e-commerce industry, securing<br />
its reputation as a growing industry player<br />
within the Association of Southeast Asian<br />
Nations (ASEAN) region and stamping<br />
its mark within the ASEAN Economic<br />
Community (AEC).<br />
Joining the AEC, an economic bloc that<br />
allows free trade and movement of goods<br />
and services for a market size of 600<br />
million, may not be an arduous task. As of<br />
January 2016, the company amassed a total<br />
market capitalisation worth RM2.17 billion.<br />
Cementing it reputation as a prominent<br />
express delivery company, GDEX has clearly<br />
proven that it is here to stay.<br />
BENCHMARKING WITH THE BEST<br />
Having a consistent and exponential<br />
growth since 2000, it was only natural<br />
for GDEX to strengthen ties with foreign<br />
express carriers to offer delivery services<br />
to over 212 countries worldwide, boasting<br />
a 67,000 square feet central all-weather<br />
clearing hub in Petaling Jaya, an integrated<br />
hub management system linked with 193<br />
stations nationwide, a comprehensive<br />
security surveillance system, more than 600<br />
delivery vans and trucks, a state-of-the-art<br />
IT system, a 105, 726 square feet packaging<br />
and warehouse complex, customised<br />
storage and bulk-handling equipment and a<br />
staff base of over 2,800 employees.<br />
As for its services, GDEX offers both<br />
domestic and international express deliveries,<br />
customised logistic solutions apart from<br />
comprehensive logistic services, enhanced<br />
liability coverage for shipping valuable items<br />
and four versions of GDEX prepaid products<br />
that offers hassle-free shipping with a flat<br />
rate price.<br />
GAINING RECOGNITION<br />
GDEX was listed on ACE Market of Bursa<br />
<strong>Malaysia</strong> in 2005 and transferred to the<br />
Main Market of Bursa <strong>Malaysia</strong> in 2013. As<br />
of January 2016, the company welcomed<br />
Yamato Holdings as a new shareholder.<br />
Yamato, a Tokyo stock exchange listed<br />
company, is Japan’s top parcel delivery<br />
company with a 45.4% market share in<br />
2015. Yamato has emerged as the second<br />
largest shareholder of GDEX, followed by<br />
Singapore Post Ltd.<br />
The company’s sheer dedication, excellent<br />
work ethics and a steady improvement led<br />
to it bagging the Frost & Sullivan <strong>Malaysia</strong><br />
Excellence Awards - Domestic Express<br />
Service Provider of the Year for the Private<br />
Sector for three consecutive years between<br />
2013 and 2015. The award was conferred<br />
in recognition and honour for outstanding<br />
industry achievements. The achievements<br />
were based on an evaluation study carried<br />
out by Frost & Sullivan to recognise<br />
companies and individuals that have pushed<br />
the boundaries of excellence – rising<br />
above the competition and demonstrating<br />
outstanding performance in the<br />
<strong>Malaysia</strong>n market.<br />
RIDING THE TREND<br />
The demand for express delivery services<br />
is a growing trend from various segments<br />
including business to business (B2B),<br />
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usiness to consumer (B2C) and consumer<br />
to consumer (C2C). B2C, or more commonly<br />
known as e-commerce delivery, has been<br />
steadily growing in the past few years as a<br />
result of the emergence of key e-commerce<br />
players in <strong>Malaysia</strong>.<br />
With the global economic outlook looking<br />
to improve, the sharp spike in e-commerce<br />
worldwide and the emergence of the AEC<br />
bodes well for the express delivery industry.<br />
Having proven to run an organisation that<br />
works well as a team, GDEX is continuously<br />
exploring growth opportunities, both organic<br />
and inorganic, to fuel its growth trend.<br />
CLIMBING THE GROWTH LADDER<br />
The company reported a healthy set of<br />
results in financial year 2015, with revenue<br />
growing by 24% and net profit up by 21%<br />
due to a strong demand for its service.<br />
Having established operations in <strong>Malaysia</strong>,<br />
Singapore and business collaboration<br />
with PT Pos Indonesia, GDEX is looking at<br />
creating more presence in other ASEAN<br />
countries, as part of its expansion plan into<br />
Southeast Asia.<br />
The strong growth in demand for express<br />
delivery services also prompted the<br />
company to invest up to millions in capital<br />
expenditures to increase its resources in all<br />
areas of operations, particularly in systems<br />
and processes, infrastructure, warehousing,<br />
vehicles and manpower.<br />
SEIZING REGIONAL OPPORTUNITIES<br />
E-commerce is yet to make a steady<br />
appearance or impact in ASEAN countries<br />
including <strong>Malaysia</strong>. The bottleneck issue<br />
stems from the connectivity of logistics<br />
and last mile delivery. However, with a solid<br />
foundation and strengthening financial growth<br />
in its home country, GDEX is raring to move<br />
onto the next phase of growth –brushing<br />
shoulders with regional opportunities made<br />
available on an ASEAN scale, staying true to<br />
its vision of becoming a leading role model in<br />
the logistic services industry.<br />
GD Express Sdn Bhd<br />
No 19 Jalan Tandang,<br />
46050 Petaling Jaya,<br />
Selangor Darul Ehsan<br />
<strong>Malaysia</strong>.<br />
General Line: 03-7787 2222<br />
Fax: 03-7785 6818<br />
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Oil & Gas<br />
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Chapter 5
Forging A New Reality<br />
The oil and gas sector is facing a landscape of<br />
rapidly rising demand. This is due to the rise<br />
in energy consumption which will inevitably<br />
contribute to the change in fuel mix in Asia.<br />
Growth in the demand for gas will outstrip all<br />
other fuels, given its cleaner environmental<br />
characteristics and superior flexibility.<br />
Alongside energy consumption, demand for<br />
oil and gas will also grow as industrial inputs<br />
with Asia’s rising wealth fuelling demand<br />
for manufactured goods. In addition, with<br />
its growing population and economy, Asia<br />
stands out as the most promising part of the<br />
world for energy companies.<br />
With that being said, the demand for<br />
energy – increasingly sourced from oil and<br />
gas – is driven by two factors – the size of a<br />
country’s population and per capita Gross<br />
Domestic Product (GDP). It simply equals<br />
to the more people a country has, the more<br />
energy it needs and the richer that people<br />
become, the more energy they consume.<br />
This ultimately makes Asia the most<br />
important region in the world when thinking<br />
about the future of the oil and gas industry.<br />
For a continent that has more than half<br />
of the world’s people and a continuously<br />
growing population, it is a given that the<br />
continent is also the fastest growing part of<br />
the global economy.<br />
Furthermore, Asia’s share of global<br />
energy consumption is also rising given<br />
its giant share of the global population<br />
and fast growing income. According to<br />
petrochemical giant ExxonMobil’s ‘2013<br />
Outlook for Energy’ report, it reckons that<br />
Asia’s share of global energy consumption<br />
will rise from 38% in 2010 to 45% by 2040.<br />
Scaling it down among Asian countries,<br />
almost all countries within the region are<br />
importers of energy. One notable exception,<br />
however, is <strong>Malaysia</strong>. Ever since 1910, the<br />
year oil was first drilled in Sarawak, the<br />
country has been a producer of oil and gas,<br />
both for its domestic needs and for export,<br />
and the sector has played a huge role in the<br />
country’s development.<br />
Today, the industry contributes about 20%<br />
to the country’s GDP and almost 40% to<br />
the government’s revenues. <strong>Malaysia</strong> is<br />
also Southeast Asia’s second-largest oil<br />
producer and has the fifth-largest reserves<br />
in the Asia-Pacific region.<br />
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Segments in the oil and gas industry<br />
are generally categorised as upstream,<br />
midstream and downstream activities.<br />
Upstream activities consist of exploration,<br />
development and production of oil and<br />
gas resources. Meanwhile, midstream and<br />
downstream activities range from refining,<br />
processing and transportation of oil and gas<br />
to marketing and trading of end products.<br />
Being a crude oil producer and exporter,<br />
<strong>Malaysia</strong> has a mature upstream oil and<br />
gas segment, leading to a well-established<br />
ecosystem of service and manufacturing<br />
companies that have set up base. However,<br />
to serve the rapidly growing domestic<br />
market more attention has been given to the<br />
development of downstream activities, such<br />
as refining and petrochemicals engineering.<br />
Another area of focus within the industry is<br />
the need for talented professionals which<br />
is likely to increase as demand for energy<br />
across Southeast Asia grows.<br />
To access the most experienced people<br />
or those with the greatest potential,<br />
employers will need to widen the talent<br />
pool significantly. That does not just mean<br />
geographically, but also means widening<br />
it culturally and socially where gender<br />
diversity is essential.<br />
Indeed, achieving a good balance of male<br />
and female employees at all levels of the<br />
organisation can be of huge benefit to oil<br />
and gas companies, as both genders bring<br />
different ideas and ways of working to the<br />
table that can benefit each other.<br />
Identifying, addressing and eventually<br />
solving these issues will allow the industry<br />
which is a key industry in the Economic<br />
Transformation Programme (ETP) to achieve<br />
its 5% annual growth between 2010 and<br />
2020. The growth will stem from continuous<br />
development of sustainable oil and gas<br />
production, providing better supply of oil<br />
and gas to end users and eventually turning<br />
the country into a leading hub for oil and<br />
gas storage trading in Asia.<br />
Efforts to turn this into a reality include<br />
maximising the value of existing oil fields<br />
through implementing techniques of<br />
enhanced oil recovery (EOR), improved oil<br />
recovery (IOR) and improved gas recovery<br />
(IGR). These developments are headed<br />
by the country’s national oil company –<br />
Petroliam Nasional Berhad (Petronas).<br />
On top of that, <strong>Malaysia</strong> requires a wide<br />
range of technical services to support<br />
the growth of the oil and gas industry.<br />
Accordingly, the <strong>Malaysia</strong>n government<br />
has gazetted a set of incentives under the<br />
Petroleum Income Tax Act (2010) which<br />
includes tax allowances of up to 100%<br />
of capital spending (CAPEX), reduced tax<br />
rate from 38% to 25% for marginal oil field<br />
development and waivers of export duties.<br />
Besides incentives from the government, the<br />
<strong>Malaysia</strong> Petroleum Resources Corporation<br />
(MPRC) and Labuan Financial Services<br />
Authority have jointly created a Global<br />
Incentives For Trading (GIFT) Programme<br />
for oil and gas initiatives in Labuan, Sabah.<br />
Some of the features of the programme<br />
include a 0% tax rate for liquefied natural<br />
gas (LNG) trading companies for the first<br />
three years of operation, a flat corporate<br />
tax rate of 3% and a 50% exemption<br />
on personal income tax for foreign<br />
professionals.<br />
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Retail<br />
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Chapter 6
<strong>Malaysia</strong> Is Asia’s Fastest Growing<br />
Retail Sector<br />
The facts and figures will speak for<br />
themselves: because of the world’s 20<br />
biggest shopping malls, 14 are now in Asia,<br />
including four in China, four in <strong>Malaysia</strong><br />
and four in the Philippines. This proves that<br />
apart from domestic consumption which<br />
represents a key driver of economic growth,<br />
initiatives in the retail industry are moving<br />
global inevitably to transform <strong>Malaysia</strong> into<br />
Asia’s retail hub.<br />
Furthermore, US global management<br />
consultancy firm A.T. Kearney, in its 2013<br />
report stated that <strong>Malaysia</strong>: “Is at the<br />
forefront of many international retailers’<br />
expansion plans. Tesco expanded in<br />
both <strong>Malaysia</strong> and Thailand, in 2012, and<br />
Japanese grocer Aeon acquired Carrefour’s<br />
<strong>Malaysia</strong>n assets in November 2012, part of<br />
a plan to make <strong>Malaysia</strong> its Southeast Asian<br />
headquarters… In other areas of retail, Italian<br />
jeweller Damaini named <strong>Malaysia</strong> as one of the<br />
brand’s most appealing emerging markets.”<br />
These developments mean that retailers<br />
don’t have to build their own shops and<br />
so can avoid regulatory and real estate<br />
concerns as they expand. Malls also help to<br />
drive footfall by attracting shoppers from a<br />
wide area, something that retailers struggle<br />
to do in standalone retail stores. As these<br />
malls are built, the share of retail conducted<br />
in a modern, organised environment is rising.<br />
In addition, to keep with changing times,<br />
according to a 2014 Economist Intelligence<br />
Unit Limited report, the retail picture is<br />
evolving, creating an intriguing backdrop for<br />
retail businesses. The opportunities for retail<br />
and wholesale companies are determined in<br />
large part by rising purchasing power.<br />
Large populations in which incomes are<br />
rising rapidly present the best opportunities<br />
for the retail sector. In this regard,<br />
Asia stands out globally as a region of<br />
tremendous potential. For a start, Asia has<br />
more than half of the world’s people, and<br />
the population is growing. In 2010, Asia’s<br />
population stood at 3.8 billion people.<br />
By 2040, it will rise to 4.6 billion, creating<br />
an additional 800 million consumers, an<br />
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supermarkets to high-end luxury goods. A.T.<br />
Kearney ranks the relative attractiveness of<br />
retail markets around the world every year<br />
and concludes in its 2013 assessment that<br />
China offers the most exciting potential in<br />
the region, closely followed by Mongolia,<br />
<strong>Malaysia</strong>, India, Sri Lanka, and Indonesia.<br />
The report also stated that: “Consumer<br />
spending growth, continued adoption<br />
of modern retail, and solid economic<br />
fundamentals keep Asian markets attractive<br />
to global retailers.”<br />
Furthermore, the <strong>Malaysia</strong>n government<br />
recognises the importance of this sector,<br />
listing it under one of its 12 National Key<br />
Economic Areas (NKEA) with the industry<br />
expected to contribute RM45.2 billion to<br />
Gross National Income (GNI) and create<br />
226,000 additional jobs by 2020. This growth<br />
will be driven by three economic drivers<br />
requiring RM187.6 billion in private sector<br />
funding and investments to capitalise on<br />
these business opportunities.<br />
The economic drivers comprise:<br />
• Higher retail expenditure per capita due to<br />
increased GNI per household by 2020.<br />
• Urbanisation from rural-to-urban<br />
migration, which is expected to create<br />
higher demand for goods and services,<br />
including higher value-added products.<br />
• <strong>Malaysia</strong>n population growth which is<br />
projected to result in higher demand for<br />
goods and services.<br />
Finally, the wholesale and retail industry<br />
will continue to account for a significant<br />
share of <strong>Malaysia</strong>’s economy because the<br />
government and relevant authorities are<br />
working together to, namely, transform<br />
small retailers into modern format stores<br />
inevitably improving retailers’ capabilities in<br />
information technology, customer service<br />
and stock management, among others.<br />
This will also involve exporting products to<br />
help the maturing local retail sector seek<br />
opportunities abroad and looking to tap into<br />
concepts and strategies which <strong>Malaysia</strong>n<br />
retailers have yet to explore by removing<br />
import duties on luxury goods to increase<br />
affordability for locals and tourists. This<br />
will be done by assisting <strong>Malaysia</strong>n mall<br />
operators and developers expand in foreign<br />
markets, and establishing virtual selling<br />
platforms to increase the global exposure of<br />
local products.<br />
average of 27 million extra people every year.<br />
But not only is Asia’s population expanding,<br />
the average wealth of the population is<br />
also rising. In 2001, the region accounted<br />
for 26.8% of global GDP measured using<br />
purchasing power parity.<br />
By 2013, that share had risen to 36.6% and<br />
most observers expect Asia’s share to keep<br />
rising for the foreseeable future. Per capita<br />
incomes in Asia are growing faster than in<br />
any other region of the world.<br />
The numbers are looking good as with Asia’s<br />
rising spending power, the region offers<br />
opportunities for every kind of retailer, from<br />
petrol stations to convenience stores to<br />
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SOGO (K.L.) Department Store<br />
Doulton, Royal Albert, Bohemia Crystal,<br />
Noritake and many other high brands for our<br />
esteemed customers to choose from.<br />
Up on our 6th Floor, we have set out “Saji<br />
Food Court”, and our fine dining Suma<br />
Japanese Restaurant and Siang Chinese<br />
Seafood Restaurant. This floor is cooled by<br />
a 30-foot waterfall which is unique and found<br />
only in KL SOGO.<br />
Our esteemed customers who need a break<br />
can enjoy welcome relief at our “Platinum<br />
Lounge” and/or “Gold Lounge” on the 7th<br />
Floor; which also features a children’s crèche<br />
and children’s “Starz Studio” Learning<br />
Centre. This floor also has an “Events Hall”<br />
where our esteemed customers know they<br />
can find the best bargains in town during our<br />
“Warehouse Sales”.<br />
SOGO (K.L.) Department Store,<br />
affectionately known to our esteemed<br />
customers as “KL SOGO”, first opened our<br />
doors for business on 18th January 1994 at<br />
Jalan Tuanku Abdul Rahman, Kuala Lumpur.<br />
Originally built by SOGO Co., Ltd. of Japan,<br />
today it is a wholly <strong>Malaysia</strong>n owned<br />
iconic store, being the largest standalone<br />
department store in <strong>Malaysia</strong>.<br />
KL SOGO offers our esteemed customers a<br />
wide array of merchandise from affordable<br />
basics to luxury goods, complemented by<br />
an abundant choice of food and beverage<br />
outlets, a complete health and wellness<br />
centre, children’s play centre & crèche and 2<br />
VIP customers’ lounges.<br />
Starting on the Lower Ground Floor, KL<br />
SOGO’s Food Hall has a full range “SOGO<br />
Supermarket” offering fresh produce and<br />
groceries, food outlets and speciality kiosks<br />
selling snacks and ready-to-eat meals.<br />
The “Beauty Arcade” on our Ground Floor<br />
houses the world’s finest cosmetics,<br />
fragrances and skin care products, including<br />
handbags, fine jewellery and fashion<br />
watches.<br />
The latest in women’s and men’s fashion,<br />
shoes and accessories are found on the<br />
“Ladies Gallery” and “Men’s Connection” at<br />
our 1st and 2nd Floors respectively.<br />
An exciting “Fashion Arena” on our 3rd Floor<br />
features the latest fast fashion, sportswear<br />
and equipment for our young and trendy<br />
customers.<br />
Our 4th Floor’s “Children’s World” is where<br />
you find the largest and most complete<br />
children’s department in <strong>Malaysia</strong>, offering<br />
the widest selection of children’s and<br />
babies’ clothing, maternity wear, children’s<br />
necessities and toys.<br />
And the best place to shop for your home<br />
and kitchen needs is at our 5th Floor “Home<br />
Centre” with quality items from Royal<br />
Finally, our 8th Floor offers the “Peak Fitness<br />
Gym and Wellness Centre” for our esteemed<br />
members to work off their stress.<br />
KL SOGO is well known for bringing the best<br />
of Japan to <strong>Malaysia</strong>; our store has personal<br />
shopper services, home delivery & porter<br />
services, click-and-collect services, and a<br />
generous “Refund and Returns Policy” – as<br />
part and parcel of our comprehensive list of<br />
customer-centric services to ensure every<br />
visit by our esteemed customers to our<br />
KL SOGO Store becomes a pleasant and<br />
memorable visit.<br />
Currently celebrating our 22nd Anniversary,<br />
KL SOGO is trendsetting to remain at the<br />
forefront of the <strong>Malaysia</strong>n retail trade and<br />
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fashion industry. Striving to render our<br />
esteemed customers the best possible<br />
shopping experience, KL SOGO constantly<br />
upgrades and renews our sales floors to<br />
bring in more new and popular brands.<br />
Jalan Tuanku Abdul Rahman (formerly<br />
known as Batu Road), is easily accessible by<br />
public transport – LRT, KTM train, buses and<br />
taxis - and it is now gazetted as a heritage<br />
shopping precinct. The vicinity of KL SOGO<br />
is well populated with shops offering goods<br />
and merchandise from traditional ethnic<br />
apparel to imported fine tapestries and floor<br />
carpets.<br />
We, KL SOGO regard all the traders and<br />
businessmen along Batu Road as part of our<br />
one big family, and pursuant to this belief,<br />
KL SOGO is one of the founding members<br />
of the “Batu Road Retailers Association<br />
(BARRA)”, a NGO set up to promote<br />
and enhance the retail points and overall<br />
image of our Batu Road heritage shopping<br />
precinct; thereby bringing more attention and<br />
awareness of both <strong>Malaysia</strong>n and foreign<br />
shoppers about Batu Road.<br />
KL SOGO’s competencies as a retailer have<br />
been recognised by many corporations<br />
and institutions, inter alia the Walt Disney<br />
Corporation of USA, the Brand Laureate<br />
Institution of Asia Pacific, the <strong>Malaysia</strong>n<br />
Retailers Association and the Social Media<br />
Chambers of <strong>Malaysia</strong>.<br />
At KL SOGO, we are especially proud to<br />
have been the humble awardee in the <strong>Best</strong><br />
Retail Department Store category at the<br />
Brandlaureate Special Edition World Awards<br />
in 2015; as well as being the recipient of the<br />
<strong>Best</strong> Retail Execution of the Year (Southeast<br />
Asia) Award 2015, awarded by the Walt<br />
Disney Corporation of USA.<br />
This year KL SOGO was again honoured<br />
with the President’s Award 2015-2016 at<br />
the 10th Anniversary of The Brandlaureate<br />
Awards. We have also been awarded the<br />
Fair Price Shop Award.<br />
In our 22 years of doing business at Jalan<br />
Tuanku Abdul Rahman, KL SOGO has been<br />
able to ascend to the top of the department<br />
store industry in <strong>Malaysia</strong>, due to the solid<br />
support and close business relationships we<br />
have garnered together with our esteemed<br />
Business Partners. They help us to also<br />
bring the very best goods and merchandise<br />
offerings to our esteemed customers.<br />
We in KL SOGO now feel the time has<br />
come for our store to expand into other<br />
geographical areas and to better serve our<br />
esteemed customers all over <strong>Malaysia</strong>.<br />
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Automotive<br />
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Chapter 7
Progressing Towards<br />
An Innovation-driven Nation<br />
Searching for someone in <strong>Malaysia</strong> who<br />
does not own a car is increasingly becoming<br />
a difficult task and it is considered the<br />
norm for many <strong>Malaysia</strong>n households to<br />
own more than two vehicles. Take a drive<br />
through any neighbourhood in the city<br />
and one will see garages filled with two to<br />
three cars. This is even apparent the case<br />
in rural areas. However, it’s not all about<br />
the performance and looks that increases<br />
a buyer’s purchasing interest. Numerous<br />
factors contribute to this situation.<br />
<strong>Malaysia</strong> has proved to be a market centre<br />
and gateway for attractive investment<br />
destinations and centre for automotive<br />
and component manufacturing activities.<br />
According to the <strong>Malaysia</strong>n Automotive<br />
Association, in 2015, a total of 614,664<br />
passenger and commercial vehicles were<br />
produced and assembled in the country. <strong>Of</strong><br />
that figure, 563,883 were passenger vehicles<br />
while the remaining were commercial<br />
vehicles. Passenger vehicles include cars,<br />
4WDs, SUVs, window vans and MPV models<br />
while commercial vehicles include trucks,<br />
prime movers, pick-ups, panel vans, buses<br />
and others.<br />
In 2005, the total vehicle figure stood<br />
at 563,510. As for the number of total<br />
new passenger and commercial vehicles<br />
registered in the country for the year<br />
2015, it was 666,674. In 2005, the figure<br />
was 552,316. The numbers are slowly but<br />
steadily increasing. And here’s why:<br />
CENTRAL ASEAN LOCATION<br />
Companies based in the country will be able<br />
to reach a market of more than 600 million<br />
people. Global automotive manufacturers<br />
also benefit from pro-business policies, welldeveloped<br />
infrastructure, and an educated<br />
and skilled labour force.<br />
GROWTH OF NATIONAL CARS<br />
<strong>Malaysia</strong> has obtained much recognition<br />
regionally and internationally for its<br />
outstanding achievements in the automobile<br />
industry through two of its national<br />
automotive projects — Proton and Perodua.<br />
The first national automotive project,<br />
Proton, in 1983, with the formation of a<br />
joint venture between the Heavy Industry<br />
Corporation of <strong>Malaysia</strong> (HICOM), Mitsubishi<br />
Motor Corporation (MMC) and Mitsubishi<br />
Corporation (MC) of Japan, was the<br />
<strong>Malaysia</strong>n government’s attempt to increase<br />
local content, rationalise the industry to<br />
achieve economies of scale and upgrade<br />
the assembly industry to a manufacturing<br />
industry with international recognition and<br />
competitiveness.<br />
Equipped with the protective measures<br />
and subsidies in various ways by the<br />
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government, the first Proton cars were rolled<br />
out in 1985. Subsequently, the national<br />
automotive programme also established<br />
small car manufacturer Perodua in 1993,<br />
a heavy vehicle company <strong>Malaysia</strong>n Bus<br />
and Truck (MTB) in 1994, a motorcycle<br />
manufacturer MODENAS in 1995, and<br />
a light vehicle commercial manufacturer<br />
INOKOM in 1997.<br />
Today, both Proton and Perodua has<br />
gone through many revamps and remains<br />
a favourite especially among <strong>Malaysia</strong>n<br />
buyers. Set your sights on any street and<br />
you will not miss seeing the classic staple<br />
cars, namely the Perodua Myvi and Proton<br />
Saga on the road.<br />
NATIONAL AUTOMOTIVE POLICY<br />
(NAP)<br />
The NAP was introduced on 22 March 2006<br />
to facilitate the required transformation and<br />
optimal integration of the local automotive<br />
industry into regional and global industry<br />
networks within the increasingly liberalised<br />
and competitive global environment.<br />
In October 2009, the Government reviewed<br />
the National Automotive Policy (NAP) with<br />
the objectives of:<br />
• ensuring orderly development as well as<br />
long term competitiveness and capability<br />
of the domestic automotive industry as a<br />
result of market liberalisation<br />
• creating a conducive environment to<br />
attract new investment and expand<br />
existing opportunities<br />
• enhancing the competitiveness of the<br />
national car manufacturer through<br />
strategic partnership<br />
• fostering the development of the latest,<br />
more sophisticated technology in the<br />
domestic automotive industry<br />
• developing high value-added<br />
manufacturing activities in niche areas<br />
• enhancing Bumiputera participation in<br />
the domestic automotive industry<br />
• improving safety standards for<br />
consumers and promoting environmentfriendly<br />
opportunities and enhancing<br />
the implementation of current NAP’s<br />
policy instruments.<br />
The new policies and measures under<br />
the NAP Review are expected to provide<br />
significant contribution to the overall growth<br />
of the industry and the country.<br />
But, in 2014, the International Trade and<br />
Industry Ministry reviewed the policy again<br />
and this time the aim was to make <strong>Malaysia</strong><br />
a regional automotive hub for energyefficient<br />
vehicles (EEVs).<br />
Under this review, <strong>Malaysia</strong> has liberalised<br />
the automotive sector where foreign<br />
carmakers can now invest to make EEVs<br />
with engine capacity of 1.8 litres or less<br />
without any equity restrictions.<br />
Foreign and local investors keen to invest<br />
in the EEV segment are also eligible<br />
for customised incentives, including<br />
pioneer status, incentive for research and<br />
development as well as training grants.<br />
The NAP provides a comprehensive<br />
financial package of about RM2 billion until<br />
2019 which will also focus on raising the<br />
competitiveness of Bumiputra companies<br />
in the total value chain of the domestic<br />
automotive industry, from human capital to<br />
technology.<br />
Some RM1.89 billion would be channeled<br />
through soft loans and RM175 million in<br />
grants to support automotive infrastructurerelated<br />
and human capital development.<br />
By 2020, it is projected that some 85%<br />
of vehicles produced in the country<br />
will be EEVs. Various strategies and<br />
measures have also been identified to<br />
strengthen the entire value chain of the<br />
automotive industry which will also lead<br />
to environment conservation, high-income<br />
job creation, transfer of technology as well<br />
as develop new economic opportunities<br />
for <strong>Malaysia</strong>n companies.<br />
TRANS-PACIFIC PARTNERSHIP<br />
AGREEMENT (TPPA)<br />
The industry is also set to flourish further<br />
with the recent signing of the TPPA.<br />
The <strong>Malaysia</strong> Automotive Institute (MAI)<br />
sees tremendous opportunities for part<br />
and component manufacturers with the<br />
implementation of this agreement. <strong>Malaysia</strong><br />
exports RM10 billion worth of parts and<br />
components annually and is geared to<br />
perform better under this agreement.<br />
This is because <strong>Malaysia</strong>n automotive<br />
players could tap into other TPPA countries<br />
under the rule of origin provisions. Vehicles<br />
exported within TPPA countries are required<br />
to meet the rules of origin of 55% but with<br />
the agreement, <strong>Malaysia</strong>n suppliers not<br />
only have the opportunities to supply to<br />
OEMs (original equipment manufacturers)<br />
within the country, but also to TPPA<br />
countries, especially the top four countries<br />
that produce cars, namely the US, Japan,<br />
Canada and Mexico.<br />
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Education<br />
& Learning<br />
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Chapter 8<br />
GLOBAL APPEAL: UCSI is home to students from<br />
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more than 80 countries who seek an education that<br />
prepares them for future-proof careers.
THE UCSI LEGACY<br />
The place. The promise. The people.<br />
UCSI University is a vibrant community<br />
of learning and scholarship. It offers<br />
an education others don’t, provides<br />
experiences others can’t, and delivers<br />
life-defining outcomes for young<br />
people, everywhere.<br />
What are the hallmarks of excellence? For<br />
some, it’s a long track record of success.<br />
For others, it’s worldwide recognition. The<br />
list goes on: life-changing testimonies,<br />
industry-acclaimed offerings, international<br />
benchmarks, a dedication to quality and<br />
brand trust.<br />
At UCSI University, it’s all of the above and<br />
more. Established in 1986 to improve life<br />
chances through education, the University<br />
has opened doors for precocious and<br />
driven individuals, not only in <strong>Malaysia</strong>, but<br />
around the world. In essence, that’s a 30-<br />
year commitment to social change. That’s<br />
also more than 10,000 students from over<br />
80 nations each year. Ultimately, that’s<br />
thousands of lives changed for the better.<br />
Long acknowledged as one of <strong>Malaysia</strong>’s<br />
best private universities, UCSI is now<br />
cementing its status in the international<br />
arena. The University is classified as a<br />
top 300 varsity in the 2015 QS Asian<br />
University Rankings, becoming one of<br />
the few private universities to feature in<br />
the prestigious and competitive annual<br />
exercise that evaluates the performance<br />
of the world’s best universities. And in<br />
doing so, UCSI improved by almost 100<br />
positions in a year.<br />
The meteoric rise was no product of luck.<br />
UCSI made marked improvements in<br />
each evaluation criterion, most notably,<br />
in the area of research. The University’s<br />
Vice-Chancellor and President, Senior<br />
Professor Dato’ Dr Khalid Yusoff – one<br />
of <strong>Malaysia</strong>’s leading cardiologists – has<br />
been instrumental in this endeavour. As<br />
one of <strong>Malaysia</strong>’s leading researchers, Prof<br />
Khalid sets the example by driving worldclass<br />
research with fellow researchers from<br />
universities like Harvard, Duke, Melbourne,<br />
Sydney, McMaster and the London School<br />
of Hygiene and Tropical Medicine.<br />
HARVARD PEDIGREE: UCSI medical student Cherish Chong<br />
conducted high impact research at Harvard. UCSI’s top<br />
medical students are annually selected for year-long research<br />
programmes at Harvard.<br />
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Under his watch, UCSI has made it a<br />
point to engage academics who are at the<br />
forefront of their disciplines. The rationale<br />
is simple: An academic cannot inspire<br />
students to expand the boundaries of<br />
knowledge if he or she does not walk the<br />
talk or possess the ability to do so. This<br />
has influenced hiring policy and today,<br />
30% of UCSI’s academic staff possess<br />
a PhD – far higher than the 16% average<br />
at <strong>Malaysia</strong>n private higher education<br />
institutions in 2015 – and a further 16.5%<br />
are pursuing their doctorate.<br />
This initiative is more than a number’s<br />
game. UCSI academics drive high<br />
impact research and much has been<br />
accomplished in the past year. For<br />
starters, Professor Khalid received a<br />
coveted research grant through the<br />
prestigious Newton-Ungku Omar Fund for<br />
his immense contributions in medicine and<br />
science. Shortly after, UCSI Deputy Vice-<br />
Chancellor (Research and Postgraduate<br />
Studies) Professor Dr Ooi Keng Boon was<br />
recognised by Elsevier as the world’s most<br />
productive researcher in the field of mobile<br />
commerce. The same study also ranked<br />
him as the world’s second most influential<br />
author in the field.<br />
The achievements at the top do much<br />
to spur scholarly pursuit throughout the<br />
University. The number of academic<br />
publications has increased significantly,<br />
more research grants have been secured<br />
and research awards are won on the<br />
domestic and international front. Most<br />
recently, two academics and two students<br />
from UCSI’s Faculty of Applied Sciences<br />
finished in the top 5 in Elsevier’s inaugural<br />
Green and Sustainable Chemistry<br />
Challenge in Berlin, edging out 99%<br />
of all entrants worldwide. UCSI is also<br />
affiliated in top scientific papers published<br />
in leading journals like the Lancet, the<br />
New England Journal of Medicine and<br />
the Journal of the American Medical<br />
Association, among many others.<br />
UCSI’s research endeavours are<br />
bolstered further by international<br />
collaboration with renowned universities<br />
in the Ivy League, the Russell Group,<br />
Australia’s Group of Eight and Universitas<br />
21. This extensive knowledge network<br />
also includes leading universities in<br />
France and Ireland, opening a world of<br />
opportunities for students and staff.<br />
Raising aspirations. Challenging<br />
expectations.<br />
While UCSI’s fast-growing international<br />
reputation is a shot in the arm, the<br />
LONDON CALLING: UCSI Engineering students like Leon Tan<br />
(left) and Wei Ming are also selected for research programmes at<br />
Imperial College London, one of the world’s best universities.<br />
true measure of its impact lies with its<br />
students. Thousands flock to UCSI each<br />
year to realise their potential and pursue<br />
their affinities. They come with hopes<br />
and dreams and many do not realise how<br />
great they could be. UCSI makes it a point<br />
to help them find out. And for students<br />
whose ambitions already come in XL, it<br />
may be time for an upsize.<br />
PROJECT RUNWAY: UCSI student Lee Bao En blew away<br />
the competition to win the prestigious AirAsia Runway Ready<br />
Designer Search last year.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 157
BUILDING THE FUTURE: When completed, UCSI’s new<br />
academic blocks will expand the operational capacity at its<br />
South Wing campus by more than 1million square feet.<br />
Enter UCSI’s Star Trek initiative – a<br />
programme that provides students with<br />
invaluable opportunities to advance<br />
knowledge at the world’s best universities.<br />
Star Trek began at the tail end of 2014<br />
when Cherish Chong, UCSI’s top medical<br />
student in her cohort, was selected for a<br />
year-long research programme at Harvard<br />
University. At Harvard, Cherish conducted<br />
her own research projects and earned the<br />
respect of her research supervisors like<br />
renowned clinician-scientist Professor Dr<br />
Gordon Williams who heads the Hormonal<br />
Mechanisms of Cardiometabolic Injury<br />
programme at Harvard’s Brigham and<br />
Women’s Hospital. She did not return<br />
empty handed as well. Her time in Boston<br />
resulted in two research papers that will<br />
be published soon.<br />
GLOBAL IMPACT: UCSI Pharmacy graduate Alvin Teo has saved<br />
lives in some of the world’s most difficult warzones through his<br />
work with Doctors Without Borders.<br />
Conducting extensive research on the<br />
human body’s adrenal glands and the<br />
aldosterone steroid hormone, Cherish<br />
made a pivotal discovery. It was<br />
traditionally accepted that the production<br />
of aldosterone was regulated by the level<br />
of sodium in one’s body – less sodium<br />
would result in more aldosterone and<br />
vice versa – but her findings showed that<br />
158 | <strong>Best</strong> of <strong>Malaysia</strong>
OPENING DOORS: Two more UCSI medical students have been<br />
selected for year-long research programmes at Harvard Medical School<br />
in 2015. Tan Jia Wei is making the full use of the opportunity to drive<br />
innovation in science with her mentor, Professor Dr Gordon Williams.<br />
aldosterone production was<br />
regulated instead by the<br />
adrenal glands, specifically<br />
the mineralcorticoid<br />
receptors. She later found<br />
out that the receptors also<br />
regulated corticosterone –<br />
a hormone that regulates<br />
energy, immune reactions and<br />
stress responses. No one had<br />
discovered this prior to her<br />
research.<br />
“Spending a year at<br />
Harvard opened my eyes<br />
to the endless possibilities<br />
a career in science can<br />
offer,” enthused Cherish,<br />
who is back in <strong>Malaysia</strong>.<br />
“Being there allowed me<br />
to interact with the world’s<br />
best minds, access state-ofthe-art<br />
facilities and pursue<br />
cutting-edge research! When<br />
I first got there, I thought<br />
it would be great if I could<br />
just tag along for research<br />
projects and learn from<br />
experienced mentors. So<br />
to be able conduct projects<br />
on my own… it’s still quite<br />
unbelievable. UCSI made this<br />
possible and the University<br />
went out of its way to get me<br />
ready for Harvard. It’s great<br />
when a University goes the<br />
extra mile for its students and<br />
I’m happy to see my juniors<br />
enjoy similar opportunities<br />
each year.”<br />
Cherish’s positive experience<br />
– and glowing feedback from<br />
her supervisors at Harvard<br />
– showed that Star Trek was<br />
exceeding all expectations.<br />
The initiative was swiftly<br />
expanded and in 2015,<br />
two Engineering students<br />
were selected for summer<br />
research programmes at<br />
Imperial College London<br />
where they worked with<br />
Professor Dr Jerry Heng, a<br />
leading <strong>Malaysia</strong>n researcher<br />
who co-heads Imperial’s<br />
Surfaces and and Particle<br />
Engineering research<br />
IMPACTING KUCHING: UCSI’s new Sarawak is a Green Building<br />
Index-certified campus that many eco-friendly characteristics.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 159
RHAPSODIC QUALITY: UCSI’s Institute of Music grows<br />
from strength to strength by collaborating with world-class<br />
conductors, performers and orchestras.<br />
group. The connection with Harvard was<br />
enhanced further when two more UCSI<br />
students were selected for year-long<br />
research programmes in Boston. To date,<br />
UCSI is the only university in <strong>Malaysia</strong> to<br />
provide students with such opportunities<br />
on an annual basis and more tie-ups with<br />
leading universities will be announced in<br />
2016.<br />
UCSI’s milestones in science<br />
are complemented by significant<br />
achievements in the arts. UCSI students<br />
enjoy numerous avenues to showcase<br />
their craft and fashion design student<br />
Lee Bao En stands out for winning the<br />
AirAsia Runway Ready Designer Search<br />
2015 competition. Creating her own fabric<br />
using nuno felting techniques, Bao En’s<br />
collection set her apart from the other 350<br />
contestants. She also used the runway<br />
to make a statement against female<br />
oppression. Her final design was worn by<br />
a model who hit the catwalk with her face<br />
covered and her hands tied – symbolic<br />
portrayals of the domination of female<br />
identity and free will.<br />
RISE UP: <strong>Malaysia</strong>n Youth and Sports Minister Khairy<br />
Jamaluddin was one of the many policy makers, industry<br />
leaders and leading thinkers who shared insights with the UCSI<br />
community recently.<br />
Bao En’s feminist undertones struck a<br />
chord with the audience and she even<br />
won special praise from <strong>Malaysia</strong>’s<br />
design heavyweights Khoon Hooi and<br />
Jovian Mandagie. For her efforts, the<br />
final-year student at UCSI’s De Institute<br />
of Creative Arts and Design won a couple<br />
of return flights to Tokyo, a guaranteed<br />
spot to showcase a full collection at the<br />
KL Fashion Week RTW 2016 and an<br />
invaluable one-year apprenticeship with<br />
Mandagie, among other prizes.<br />
Living up to its billing as <strong>Malaysia</strong>’s best<br />
music school, UCSI’s Institute of Music<br />
160 | <strong>Best</strong> of <strong>Malaysia</strong>
DEEP FOCUS: Lee May Yan<br />
concentrates as she drives<br />
research in UCSI’s engineering<br />
labs. May Yan was recently<br />
selected for a summer research<br />
programme at Imperial College<br />
London.<br />
continues to ochestrate a musical tour de<br />
force. The UCSI Chorale recently reached<br />
the new apotheosis of its performing<br />
history when it was selected to collaborate<br />
with Benjamin Zander and Andreas Delfs<br />
– two of the world’s most celebrated<br />
conductors – and the <strong>Malaysia</strong>n<br />
Philharmonic Orchestra, earning rave<br />
reviews for its rhapsodic quality.<br />
“Receiving generous praise from such<br />
established conductors is significant as<br />
it shows how far UCSI has come as a<br />
musical force, not only in <strong>Malaysia</strong>, but in<br />
the region,” said UCSI Institute of Music<br />
Director Professor Dr P’ng Tean Hwa.<br />
“To date, the UCSI Chorale is the only<br />
university choir to partner with the MPO<br />
and this speaks <strong>volume</strong>s about our quality.<br />
The who’s who of <strong>Malaysia</strong>n music have<br />
studied, are teaching or once taught at the<br />
Institute and we want to keep this tradition<br />
going.”<br />
Seismic change. Global reach.<br />
Celebrating its 30th anniversary in 2016,<br />
UCSI is rapidly expanding when most<br />
education providers are grappling with<br />
budget cuts in the face of global economic<br />
headwinds. Two new colossal academic<br />
blocks – that pass as high-rise buildings in<br />
their own right – are being constructed at<br />
UCSI’s Kuala Lumpur campus. With more<br />
than 1 million square feet to consummate,<br />
the new blocks will accommodate more<br />
than 8,000 extra students at any given<br />
time. Featuring state-of-the-art labs and<br />
learning facilities, the new blocks will<br />
also house a hostel and a lifestyle mall.<br />
Purposefully designed, the new blocks will<br />
tower over the Cheras skyline when they<br />
are completed at the end of the year. In<br />
fact, they already do.<br />
The two new academic blocks are just<br />
the first phase of a larger plan that will<br />
see UCSI’s main campus undergoing a<br />
major transformation. More new academic<br />
blocks, student hostels, a sports complex<br />
with a retractable roof and a music<br />
conservatory will be built in the coming<br />
years. On top of that, existing buildings<br />
will be refurbished to meet and exceed the<br />
demands of 21st century education.<br />
Away from the capital, UCSI is also<br />
building <strong>Malaysia</strong>’s first private teaching<br />
hospital in the education township of<br />
Springhill, Negeri Sembilan – part of its<br />
commitment to <strong>Malaysia</strong>’s Economic<br />
Transformation Programme. Progressively<br />
built in stages, the 1,000 bed hospital<br />
will complement a hotel, a lifestyle<br />
mall and an international school that is<br />
already operational in the area. UCSI is<br />
also building a new campus in Kuching,<br />
Sarawak. Designed and built with<br />
sustainable architecture, the eco-friendly<br />
campus is Green Building Index-certified<br />
and it promises to boost UCSI’s presence<br />
in East <strong>Malaysia</strong>. With these new additions<br />
and more, UCSI is building an eyeopening,<br />
if not mind-bending, testament<br />
to the future of higher education.<br />
With these plans in place, UCSI will<br />
continue producing the best human<br />
capital, not only in the industry, but for it.<br />
UCSI has always been synonymous with<br />
graduate employability and the University<br />
runs <strong>Malaysia</strong>’s widest industry-university<br />
network involving more than 3,500 global<br />
companies. Many of UCSI’s industry<br />
partners like Accenture, CIMB, Citibank,<br />
Deloitte, DHL, KPMG, HSBC, Maybank,<br />
Nestle, Standard Chartered, Petronas and<br />
PWC, among many others, stand out as<br />
leaders in their respective fields. Their<br />
collaboration opens doors for students<br />
in the areas of structured internship<br />
programmes, technology transfers,<br />
industry exposure and job opportunities.<br />
Internships overseas are becoming<br />
increasingly common and UCSI annually<br />
sends students for internship in Japan,<br />
Singapore, Hong Kong and many other<br />
countries each year.<br />
International collaboration will be<br />
bolstered further. UCSI is in the midst of<br />
setting up a Centre for ASEAN Higher<br />
Education Partnership to tap into the<br />
best practices and opportunities of a<br />
region that is home to more than 620<br />
million people and worth $2.6 trillion. At<br />
the same time, the University will also<br />
establish a Centre for Scandinavian<br />
Studies to promote cross-cultural dialogue<br />
and mobility programmes. On the home<br />
front, UCSI organises numerous public<br />
lectures featuring some of <strong>Malaysia</strong>’s most<br />
influential thinkers. To date, UCSI students<br />
have gained insights from acclaimed<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 161
HIGH FLYERS: UCSI students frequently engage corporate figures in the industry<br />
like AirAsia Bhd CEO Aireen Omar to gain insights on the corporate world.<br />
architect Hijjas Kasturi, squash queen<br />
Datuk Nicol David, AirAsia Bhd CEO<br />
Aireen Omar, the Institute of Democracy<br />
and Economic Affairs (Ideas) founding<br />
president Tunku Zain Al-‘Abidin Tuanku<br />
Muhriz, Youth and Sports Minister Khairy<br />
Jamaluddin and Deputy Education<br />
Minister Dato’ P. Kamalanathan, among<br />
many others.<br />
Societal impact is another key focus area<br />
and UCSI students have been pivotal<br />
in this effort. Suzanne Ling, a final-year<br />
Psychology student, kick-started Hands of<br />
Hope – a voluntary project that educates<br />
refugee and underprivileged children.<br />
Encouraged by the keen response from<br />
the UCSI community, she soon cast a<br />
wider net by launching The Picha Project<br />
– a social enterprise that helps refugees<br />
make a living by utilising their culinary<br />
skills. The arrangement sees Suzanne<br />
and her team sourcing clients for refugee<br />
families who will pocket a fair share<br />
of all sales. What started off as a onefamily<br />
supplier has quickly flourished and<br />
Suzanne is now working with different<br />
families from different countries, offering<br />
clients a diverse menu selection.<br />
UCSI is also joining the nationwide<br />
effort to end statelessness in <strong>Malaysia</strong><br />
2024. The UCSI Scholar’s Circle recently<br />
launched Journey to Belong, a non-profit<br />
student movement dedicated to raise<br />
societal awareness on statelessness in<br />
the nation. The initiative will see UCSI<br />
scholars collaborating with Development<br />
of Human Resources for Rural Areas<br />
(DHRRA), a non-profit NGO that has been<br />
aiding stateless people since July 2014<br />
and UNHCR, the UN refugee agency.<br />
To strike a chord with <strong>Malaysia</strong>n youth,<br />
Journey to Belong will run an online<br />
campaign featuring testimonies and<br />
stories of formerly stateless children<br />
and youth who attained identities and<br />
nationalities through DHRRA’s legal<br />
services. Powerful and poignant, these<br />
stories put the spotlight on individuals<br />
who finally obtained their fundamental<br />
rights as citizens – a privilege so often<br />
overlooked – in their bid to be visible, to<br />
be heard and most importantly, to belong.<br />
On community health, UCSI medical<br />
students work with NGOs like Hospis<br />
<strong>Malaysia</strong>, the Family and Reproductive<br />
Health Association <strong>Malaysia</strong> and the Pink<br />
Triangle Foundation on health awareness<br />
COLLECTIVE EFFORTS: UCSI’s 30th anniversary<br />
celebration involves a year-long series of events.<br />
Its recent Family Day was launched by (from left)<br />
UCSI founder Dato’ Peter Ng, UCSI Chancellor<br />
Tan Sri Dr Abdul Rahman Arshad and UCSI vicechancellor<br />
Senior Professor Dato’ Dr Khalid Yusoff.<br />
162 | <strong>Best</strong> of <strong>Malaysia</strong>
campaigns. Pharmacy students also<br />
organise public health campaigns each<br />
year, educating local communities on<br />
specific medical complications and ways<br />
to safeguard one’s health. And in its bid to<br />
improve English proficiency in <strong>Malaysia</strong>,<br />
UCSI’s Faculty of Social Sciences and<br />
Liberal Arts organises campaigns like<br />
Right2Read and Poetry Slam to promote<br />
the language.<br />
UCSI’s commitment to social change<br />
is further exemplified by its generous<br />
scholarship programme. In line with its<br />
30th anniversary, UCSI is disbursing<br />
more than RM30 million this year in<br />
scholarships and grants. The University<br />
was founded on the principle that no<br />
deserving student should ever be denied<br />
access to higher education. To date, more<br />
than RM100 million in scholarships has<br />
been disbursed. This commitment has<br />
changed the equation for thousands of<br />
talented individuals and much more will be<br />
done in years to come.<br />
The social agenda rubs off well on<br />
students. Many UCSI students are<br />
involved in community outreach<br />
programmes and Alvin Teo Kuo Jing – a<br />
UCSI Pharmacy graduate – stands out for<br />
his work with Doctors Without Borders.<br />
Undeterred by impediments that would<br />
make brave men cringe, he has brought<br />
medical aid to communities in some of<br />
the world’s most challenging war-torn<br />
and endemic-hit regions. His call of duty<br />
reads: South Sudan, Pakistan, Syria and<br />
Ukraine. Although Alvin has come under<br />
fire, his ironclad resolve holds firm.<br />
“What’s the point of knowledge and skills<br />
if it doesn’t bring benefit to those who<br />
truly need it?” he answers unequivocally<br />
when asked about his burning desire to<br />
serve. “It’s a privilege to help those in<br />
need. Empathy is best practised when<br />
experiences are shared and you can find<br />
beauty even in the harshest environments.<br />
Yes, I suppose I could sit behind a counter<br />
or work on drug discovery and live a more<br />
HOMECOMING: Acclaimed music and film score<br />
composer San Weng Onn (second from left) is<br />
a proud UCSI alumni who often comes back<br />
to engage the student community. He recently<br />
composed the score of Ola Bola and he brought the<br />
director and cast of the cult football film to campus.<br />
comfortable life. However, not everyone<br />
can get to a pharmacy so sometimes, I<br />
get to bring it to them. I had the privilege<br />
of learning in a caring and supportive<br />
community at UCSI. I’d like to provide the<br />
same support to others in my own way.”<br />
Alvin’s personal accounts sum up the<br />
UCSI legacy – a commitment anchored<br />
on the transformative power of education.<br />
A legacy that is intertwined with the lives<br />
of thousands of students from around<br />
the world. It may be a tad hard to digest<br />
but that legacy first started when a<br />
young Dato’ Peter founded UCSI on a<br />
shoestring budget of RM2,000. How far<br />
UCSI has come in the past 30 years is<br />
self-evident. Follow the shared narratives<br />
of achievement and you are dealing with<br />
an education that is far-reaching and<br />
consequential. Turning 30 is more than a<br />
milestone at UCSI. It’s a reason to believe<br />
– an assurance to students that that until<br />
they realise their potential, the University<br />
will not rest. Here’s to the next 30 years<br />
and beyond.<br />
NATIONAL ICONS:<br />
<strong>Malaysia</strong>n squash<br />
queen Datuk Nicol<br />
David is among the<br />
many successful<br />
personalities who<br />
encouraged the UCSI<br />
student community to<br />
realise their potential.<br />
UCSI University Kuala Lumpur Campus<br />
No. 1, Jalan Menara Gading,<br />
UCSI Heights<br />
(Taman Connaught), Cheras<br />
56000 Kuala Lumpur, <strong>Malaysia</strong><br />
Tel: (+603) 9101 8880<br />
Fax: (+603) 9102 2614<br />
www.ucsiuniversity.edu.my<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 163
Health & Beauty<br />
164 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 165<br />
Chapter 9
Blackmores<br />
Blackmores is Australia’s leading<br />
natural health company. Based on<br />
the vision of naturopath and founder<br />
Maurice Blackmore (1906-1977), we<br />
are passionate about natural health<br />
and inspiring people to take control<br />
of and invest in their wellbeing. Our<br />
quality range of vitamin, minerals,<br />
herbal and nutritional supplements, and<br />
continued support of the community<br />
and environment, are among the many<br />
reasons Blackmores is the most trusted<br />
name in natural health.<br />
We achieved this by translating our<br />
unrivalled heritage and knowledge into<br />
innovative, quality branded healthcare<br />
solutions that work. Our enthusiasm<br />
and belief in a natural, holistic approach<br />
to health inspires us to excellence in<br />
everything we do.<br />
Blackmores is a prominent supplement<br />
brand in <strong>Malaysia</strong> with a history of over<br />
25 years of presence. The Nielsen<br />
Scan Data* reported that Blackmores<br />
is the No.1 health supplement brand<br />
in <strong>Malaysia</strong> and dominating the No.1<br />
market share in 4 key product segments<br />
namely Fish Oil, Multivitamins,<br />
Glucosamine and Coenzyme Q10.<br />
Blackmores <strong>Malaysia</strong> has also won<br />
several prestigious award such as<br />
the Reader’s Digest Trusted Brand,<br />
Superbrands and Brand Laureate<br />
awards for numerous years.<br />
Blackmores’ strong commitment to<br />
quality ensures that our products<br />
consistently meet or exceed the<br />
expectations of our customers as<br />
well as comply with high regulatory<br />
standards across the globe. Our work<br />
of quality includes<br />
• Working with the highest quality<br />
raw material suppliers to source<br />
and select the very best possible<br />
ingredients available.<br />
• Developing products by a highly<br />
experienced and dedicated team of<br />
formulators including naturopaths,<br />
chemists, scientists and product<br />
development pharmacists. We base<br />
each formulation on comprehensive<br />
review of the latest scientific<br />
advancements in natural medicine.<br />
• Commissioning independent<br />
chemical and microbiological<br />
testing at licensed laboratories for<br />
our products, as well as work with<br />
166 | <strong>Best</strong> of <strong>Malaysia</strong>
a variety of regulatory and government<br />
bodies to understand the complexities<br />
of each markets’ requirements and<br />
successfully achieve compliant<br />
registrations.<br />
Since day one, Blackmores believes in<br />
empowering people to take control of their<br />
health. Therefore, we offer free personalised<br />
lifestyle, dietary and supplementation<br />
recommendations for consumer health and<br />
well-being via our naturopath consultation.<br />
Essentially, naturopathy is a system which<br />
focuses on building health and encouraging<br />
the body’s self-healing process through<br />
holistic health education with the ultimate<br />
goal of achieving holistic health and wellbeing.<br />
The free naturopath consultation<br />
can be arranged at any Blackmores<br />
Flagship Store at Mid Valley Megamall in<br />
KL, Queensbay Mall in Penang, Mediplex at<br />
Subang Jaya Medical Centre & Imperial City<br />
Mall in Miri on appointment basis.<br />
Blackmores Institute has been established<br />
with the purpose of becoming a centre<br />
of excellence in the field of natural health<br />
research and education. It brings together<br />
the best minds, knowledge, and evidence,<br />
and is dedicated to sharing this knowledge<br />
with the wider of healthcare professionals,<br />
researches, industry and consumers. In<br />
2015, we brought the Blackmores Institute<br />
to <strong>Malaysia</strong> by conducting Blackmores<br />
Institute Symposium participated by over<br />
200 pharmacists and academicians.<br />
As responsible corporate citizens,<br />
Blackmores demonstrates care, respect<br />
and passion for the environment and our<br />
community. Hence, Blackmores’ employees<br />
are encouraged to participate in a charitable<br />
scheme whereby a certain percentage of<br />
their taxable pay is deducted each payday<br />
and placed in an interest-bearing trust<br />
account. The Company matches this and<br />
twice yearly each participating employee<br />
nominates a registered charity to receive<br />
the donation. These funds have gone wide<br />
and far to support environmental projects<br />
including the planting of Mangrove trees<br />
in Kuala Selangor, the cleaning up of the<br />
Serendah Waterfalls surroundings and Kuala<br />
Gandah Elephant Sanctuary and organised<br />
outings for orphanages to bird parks, the<br />
national science centre and the Forest<br />
Research Institute <strong>Malaysia</strong> (FRIM) and<br />
National Cancer Society of <strong>Malaysia</strong>.<br />
* Blackmores (<strong>Malaysia</strong>) Sdn Bhd calculation<br />
based in part on data reported by The Nielsen<br />
Company based on scan data from 7 key account<br />
chains for Total Health Supplement category and<br />
Blackmores’ product definition for the Health<br />
Supplement category for 12 months ending June<br />
2015 in Total <strong>Malaysia</strong> (Copyright © 2015, The<br />
Nielsen Company (M) Sdn Bhd)<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 167
Travel<br />
Attractions<br />
168 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 169<br />
Chapter 10
From <strong>Malaysia</strong> With Love<br />
From exploring the vast and colourful<br />
vegetable and flea markets, to examining<br />
British, Dutch and Portuguese colonial<br />
buildings, from taking boat trips to some of<br />
the best islands, quintessential Tudor-styled<br />
highland resorts, to bird watching, soaking<br />
in glorious hot spring tubs and meeting<br />
friendly local people.<br />
This is even before you start on a fabulous<br />
trek up the country’s Mount Kinabalu. Truly,<br />
to know <strong>Malaysia</strong> is to love <strong>Malaysia</strong> — a<br />
bubbling, bustling melting-pot of races and<br />
religions where Malays, Indians, Chinese<br />
and many other ethnic groups live together<br />
in peace and harmony. Our multiculturalism<br />
has made the country a gastronomical<br />
paradise and home to hundreds of<br />
colourful festivals. It’s no wonder that<br />
we love celebrating and socialising.<br />
Collectively, <strong>Malaysia</strong>ns are very relaxed,<br />
warm and friendly.<br />
Geographically, <strong>Malaysia</strong> is almost as<br />
diverse as its culture. Eleven states and<br />
two federal territories, Kuala Lumpur and<br />
Putrajaya, form Peninsular <strong>Malaysia</strong> which<br />
is separated by the South China Sea from<br />
East <strong>Malaysia</strong> which includes the two<br />
states, Sabah and Sarawak on the island<br />
of Borneo, and a third federal territory, the<br />
island of Labuan.<br />
One of <strong>Malaysia</strong>’s key attractions is its<br />
extreme contrasts which further add to this<br />
theme of diversity. Towering skyscrapers<br />
look down upon wooden houses built on<br />
stilts while five-star hotels are a stone’s<br />
throw away from old yet protected reefs.<br />
Majestic yet rugged mountains reach for the<br />
sky while their rainforest-clad slopes sweep<br />
down to floodplains teeming with forest life.<br />
This, together with the country’s warm<br />
weather, pristine sandy beaches, retail<br />
landscapes with duty-free zones and over<br />
2,000 hotels have an alluring charm. The<br />
numbers will add more weight to these<br />
claims as tourism in <strong>Malaysia</strong> was the sixth<br />
highest contributor to the economy in 2014.<br />
It attracts over 25 million tourist arrivals<br />
each year, contributing more than RM60<br />
billion in tourist receipts.<br />
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With the industry promoting its duty-free zones<br />
and growing number of shopping malls, it<br />
comes as no wonder that the government<br />
intends to dedicate specific entertainment<br />
zones to cater to respective audiences.<br />
Bukit Bintang has already been established<br />
as a leading shopping precinct within the<br />
capital while the country has moved onto<br />
completing construction on its second<br />
premium outlets. The first premium outlet<br />
is located in the state of Johor. As for<br />
dedicated entertainment zones, the capital<br />
will see the expansion of TREC (Taste,<br />
Relish, Experience and Celebrate) KL,<br />
which contains a variety of clubs, pubs and<br />
eateries, while the state of Penang will soon<br />
be receiving three such zones.<br />
Furthermore, visiting <strong>Malaysia</strong> will be<br />
incomplete if one does not explore what<br />
the country has to offer. This includes<br />
the Petronas Twin Towers, an 88-storey<br />
skyscraper which still remains as the world’s<br />
tallest twin towers. Perhaps you are more<br />
inclined to discover life below the ocean<br />
waves and what better way to pursue<br />
that than to visit Sipadan Island, which<br />
is located in the Celebes Sea off the east<br />
coast of Sabah and the only oceanic island<br />
in <strong>Malaysia</strong> — a huge pillar that forms the<br />
atoll functions as a shelter for many sea<br />
animals and fish. Furthermore, there are only<br />
a few places in the world that have such a<br />
concentration of sea turtles.<br />
Penang’s capital, George Town, should also<br />
be listed in your top must-see as the city<br />
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is home to over 500,000 inhabitants with a<br />
multicultural life and heritage buildings that<br />
can be seen peppered along the streets.<br />
Retaining its rustic British charm, the city<br />
was listed as a Unesco World Heritage<br />
Site in 2008. This historic city has over<br />
12,000 buildings comprising shop houses,<br />
churches, mosques, government offices,<br />
monuments and even a glamping resort still<br />
under construction.<br />
Young tourists are not forgotten in this<br />
equation as <strong>Malaysia</strong> is proud to be the<br />
only country in Asia to have a Legoland<br />
amusement park in Johor Bahru. It is a<br />
family holiday destination with more than<br />
70 hands-on rides, slides, shows and<br />
attractions. Meanwhile, a town for Sanrio’s<br />
iconic character ‘Hello Kitty’ that has been<br />
taking the world by storm since the 80s and<br />
quite recently was revealed not to be a cat<br />
but a Japanese-British third grader, is the<br />
place to be if one owns everything Kitty.<br />
<strong>Malaysia</strong> is also a leading cruise destination<br />
with efforts focusing on improving<br />
operations and attractiveness of six ports in<br />
the country with potential improvements to<br />
be considered for other ports as well. The<br />
country is also widening its international<br />
recognition by boosting its international<br />
spectatorship through international sports<br />
events such as Formula 1, MotoGP and<br />
Formula E, the world’s first fully-electric<br />
racing series.<br />
All these things aside, at first glance,<br />
<strong>Malaysia</strong>ns may seem rude for not greeting<br />
or helping you out with directions to a<br />
tourist attraction as we rush to work or<br />
school. To that we say, be bold and ask us<br />
again. We may be shy or we may not talk<br />
much but we are always eager to help to the<br />
best we can!<br />
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Hotels<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 175<br />
Chapter 11
Armada Petaling Jaya Hotel<br />
The Convenience <strong>Of</strong> Location And Comfort<br />
ACCOMMODATION<br />
Stay at the Armada Petaling Jaya Hotel<br />
for all the comfort and convenience one<br />
would expect when travelling abroad.<br />
Towering majestically over the city’s<br />
prominent Federal Highway, the hotel<br />
is conveniently located in the heart of<br />
Petaling Jaya, with a population of over<br />
600,000 residents. It is accessible via<br />
public transportation which includes LRT<br />
stations, buses and taxi stands allowing<br />
more options to all parts of the city and<br />
easy access to Klang, Shah Alam and<br />
Kuala Lumpur.<br />
Sleek and contemporarily designed, the<br />
24-storey hotel features 257 rooms, all<br />
meticulously designed and planned to<br />
give guests a comfortable and enjoyable<br />
stay. Each room comes with a USBequipped<br />
40” plasma television set and<br />
complimentary WiFi to keep you wireless,<br />
yet wired.<br />
ROOM TYPES<br />
Deluxe<br />
Grand Deluxe<br />
Family Deluxe<br />
Premier Deluxe<br />
Admiral Premier Deluxe<br />
Admiral Suites<br />
SERVICES<br />
Restaurants, Bar, Club, Lounge, Private<br />
Karaoke Rooms, Multi-function Executive<br />
Rooms that come with attractive hotel<br />
meeting packages for your next meeting<br />
or conference, 24-Hour Reception,<br />
Luggage Storage, Gym, In-room Dining,<br />
Convention Facilities, Communication<br />
Centre, Laundry Services, Currency<br />
Exchange, Limo Transfer, Valet and WiFi.<br />
FACILITIES<br />
Disabled-friendly Rooms, Wheelchairs,<br />
Safe Deposit Boxes, Cable Television,<br />
Designated Smoking Areas, Prayer<br />
Rooms and 600 Car Park Bays.<br />
DINING AND ENTERTAINMENT<br />
Utara Coffee House<br />
A gastronomical food haven which is<br />
well known for its delicious and addictive<br />
array of local and western cuisine that<br />
also includes its daily Buffet featured<br />
during breakfast, lunch and dinner. Utara<br />
Coffee House can accommodate up to<br />
180 diners at a time and also serves as a<br />
venue for private functions, but only with<br />
prior booking and arrangements.<br />
SHOKUDO<br />
Our Japanese deli, delivers the best<br />
dishes from the Land of the Rising Sun,<br />
respecting traditions of the past, in a<br />
small cozy setting.<br />
PIANO LOUNGE & KAFE’ 52<br />
Those seeking to meet up for quick and<br />
convenient business meetings should<br />
drop by the Armada’s Piano Lounge or<br />
Kafe’ 52 and discover coffee culture,<br />
delicious snacks as well as an extensive<br />
range of beverages.<br />
THE MERCHANT<br />
A new paradigm in bar experience, the<br />
bar offers a swanky comfort more akin<br />
to an updated London gentlemen’s club.<br />
Exuding elegance and style, different<br />
spaces are created catering to the various<br />
guests’ preferences. One such addition is<br />
‘The Balcony’ an outdoor seating space<br />
with impressive views overlooking the<br />
busy Federal Highway and the PJ skyline.<br />
For those with a more sophisticated<br />
preference, a Cigar Lounge, where retro<br />
glamour meets contemporary style is chic<br />
yet relaxed. Enjoy the company of friends<br />
over a nightcap and fine cigar in the lounge<br />
to the soft sounds of jazz and swing.<br />
One of the many features of The Merchant<br />
is the illuminated Onyx Main Bar and<br />
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a separate illuminated feature table for<br />
special occasions. A dedicated games<br />
area with bricked walls offers up a more<br />
rustic atmosphere. Here, guests can enjoy<br />
a game of pool or score a bull’s-eye on<br />
the electronic darts machines.<br />
THE MERCHANT LIVE<br />
A brand new addition to the hotel —<br />
The Merchant Live was built around the<br />
ambition to create a unique club where<br />
design, music and people form a new<br />
dimension of inspiration and quality<br />
live entertainment.<br />
<strong>Of</strong>fering live band entertainment,<br />
The Merchant Live is an innovative<br />
entertainment venue equipped with a<br />
sleek island bar, state-of-the-art sound<br />
system, acoustic panelled walls, more<br />
than 1,000 LEDs offering inter-changing<br />
backlit colour visible throughout the<br />
club and three private suites with each<br />
suite offering touch screen karaoke<br />
entertainment, darts machine as well as<br />
an American pool table.<br />
MEETINGS AND FUNCTION ROOMS<br />
The flamboyant Atlanta Ballroom on Level<br />
3 can accommodate up to 350-seated<br />
guests or 500 guests for conference<br />
meeting. Supported by state-of-the-art<br />
facilities, the ballroom is an excellent<br />
venue for seminars, conferences,<br />
weddings and annual dinners. Along<br />
with this, there are six other function<br />
rooms on the same level – Arcadia I,II,III<br />
(between 20 and 100 people), Aseana and<br />
Avenia (between 10 and 15 people) and<br />
Arista (between 20 and 50 people), for<br />
classroom seating.<br />
Located on Level 1, is The Latitude,<br />
a multi-event venue which is a recent<br />
addition to the existing function rooms<br />
on Level 3. The Latitude is a stylish<br />
and spacious venue consisting of three<br />
suites which combine multifunctional<br />
facilities for meetings and events in a<br />
contemporary setting that breaks away<br />
from the traditional meeting space. The<br />
three meeting suites are adjacent, so<br />
may easily be combined or partitioned<br />
according to requirements. The entire<br />
space can accommodate a standing<br />
cocktail group of up to 250 guests.<br />
Complimentary wireless broadband<br />
Internet connectivity is also available<br />
throughout the Hotel including the<br />
Meetings & Functions Floor as well as all<br />
the Food & Beverage outlets.<br />
It’s the best of everything in the center of<br />
Petaling Jaya.<br />
WHAT’S NEARBY?<br />
Kuala Lumpur International Airport (KLIA)<br />
45 Minutes<br />
Low Cost Carrier Terminal / klia2<br />
1 Hour<br />
SubangSkypark Terminal Airport<br />
25 Minutes<br />
Light Rail Transit (LRT) station<br />
Opposite Hotel<br />
RapidKL / Metro buses<br />
Opposite Hotel<br />
KL Sentral<br />
KL Monorail Station<br />
15 Minutes<br />
15 Minutes<br />
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Medical Travel<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 181<br />
Chapter 12
An International Medical Destination<br />
of Choice<br />
In <strong>Malaysia</strong>, one of Southeast Asia’s most<br />
prominent medical tourism destinations,<br />
there is no doubt that this is one of the<br />
fastest growing sub-sectors in the world as<br />
the country is strategically positioned as an<br />
attractive destination for medical tourism<br />
with lucrative returns.<br />
This is strengthened by the fact that<br />
<strong>Malaysia</strong> has won multiple international<br />
awards, including the “Medical Travel<br />
Destination of the Year” title at the<br />
International Medical Travel Journal (IMTJ),<br />
Medical Travel Awards in 2015. And this is<br />
due to three key virtues which are quality,<br />
accessibility and affordability that sets the<br />
country’s healthcare system apart.<br />
<strong>Malaysia</strong>’s Health Minister Datuk Dr. S.<br />
Subramaniam said, “In 2015, <strong>Malaysia</strong><br />
witnessed more than 800,000 healthcare<br />
travellers arriving for healthcare treatments,<br />
raking in a revenue of almost RM1 billion.”<br />
He further added that while the government<br />
promoted various policies, programmes,<br />
incentives as well as put in place stringent<br />
regulatory framework for healthcare safety,<br />
developing a competitive industry as a whole<br />
would require a collective and concerted<br />
effort by various stakeholders, both in the<br />
public and private sectors. This is important<br />
as it provides the right and holistic ingredient<br />
for the development of a sustainable medical<br />
tourism industry.<br />
Recognising the importance, the <strong>Malaysia</strong>n<br />
government has listed medical tourism as an<br />
Entry Point Project (EPP) under Healthcare,<br />
one of the 12 sectors listed under <strong>Malaysia</strong>’s<br />
National Key Economic Area (NKEA). Under<br />
the EPP, the sector is projected to create<br />
5,295 jobs by 2020 and contribute over RM4<br />
million in Gross National Income (GNI). The<br />
sector has also grown at an average of 25%<br />
annually since 2010 and continues to record<br />
double-digit growth in terms of revenue and<br />
the number of health travellers. Healthcare<br />
travel revenue amounted to RM685 million<br />
in 2014.<br />
Moreover, according to the <strong>Malaysia</strong><br />
Healthcare Travel Council (MHTC), an<br />
agency under the purview of the country’s<br />
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sustainable collaborations, domestically and<br />
abroad, to further strengthen our healthcare<br />
propositions and to create higher degrees of<br />
accessibility to our healthcare services for<br />
citizens of the world. <strong>Malaysia</strong>’s standing as<br />
a Global Halal Hub gives it a niche appeal<br />
to markets with consumers seeking halalcompliant<br />
options and environments, not only<br />
for themselves but also for accompanying<br />
family members. This, coupled with the<br />
favourable exchange rate, makes <strong>Malaysia</strong><br />
an ideal healthcare travel destination.”<br />
The country’s healthcare system has grown<br />
from strength to strength in the last few years.<br />
The country was named the “Medical Travel<br />
Destination of the Year” at the Medical Travel<br />
Awards 2015 by the International Medical<br />
Travel Journal, and “<strong>Best</strong> Country in the World<br />
for Healthcare” by International Living’s Global<br />
Retirement Index for three consecutive years<br />
since 2014. <strong>Malaysia</strong> was also honoured as<br />
the “2015 Public Private Partnership Medical<br />
Travel Destination of the Year” at the 8th<br />
Annual World Medical Tourism & Global<br />
Healthcare Congress in Orlando, Florida<br />
(USA) for its highly successful public-private<br />
partnerships and collaborations.<br />
MALAYSIA HAS THE RIGHT MIX<br />
Sherene Azli said, “We strongly believe<br />
that <strong>Malaysia</strong> has the right mix: excellence<br />
in quality care, ease of accessibility and<br />
competitive affordability. To top it off, it is<br />
easy for travellers to communicate with<br />
health professionals here, where English is<br />
widely spoken, and matched with strong<br />
government backing and commitment from<br />
the private healthcare sector, <strong>Malaysia</strong> has<br />
everything it takes to achieve our ambition<br />
of becoming number one in the world for<br />
healthcare travel.”<br />
MHTC also said travellers are keen on<br />
looking at prevention, detoxification<br />
or alternative care such as Traditional<br />
Complementary Medicine, Ayurveda.<br />
The MHTC is also working closely with<br />
relevant authorities and medical hubs in<br />
<strong>Malaysia</strong> are being built in Penang, Malacca<br />
and Johor Bahru. These three key areas<br />
are slated for development under the 11th<br />
<strong>Malaysia</strong> Plan, a five-year development plan<br />
between 2016 and 2020.<br />
Summing things up, where healthcare<br />
tourism is concerned, this country has<br />
the perfect package. <strong>Of</strong>fering world-class<br />
medical treatment at affordable prices<br />
in an English-speaking environment —<br />
allowing easy communication — and good<br />
infrastructure support with solid backing by<br />
the government, <strong>Malaysia</strong> has seen a rise<br />
in its reputation as an international medical<br />
destination of choice and is well on its way<br />
to achieve more and beyond.<br />
Health Ministry, <strong>Malaysia</strong> was<br />
recently awarded the Top<br />
Country for Muslim Travel<br />
in 2015 by Master Card-<br />
Crescent Rating Global Muslim<br />
Travel Index. The country’s<br />
affordable treatments with<br />
Arabic speaking translators<br />
available upon request as well<br />
as its Muslim-friendly hospital<br />
environment were deemed a<br />
sure appeal to the Middle East.<br />
MHTC Chief Executive <strong>Of</strong>ficer<br />
Sherene Azli said, “As we forge<br />
ahead in our mission, <strong>Malaysia</strong><br />
Healthcare also seeks to build<br />
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Electrical<br />
& Electronics<br />
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Chapter 13
Rapid Economic Growth - Equals Wide Range <strong>Of</strong><br />
Engineering Opportunities<br />
The field of electrical and electronics<br />
industry (E&E) is extremely wide and varied,<br />
from aerospace to energy, from construction<br />
to automotive and from electric scooters to<br />
software. But no matter which sub-sector<br />
a company operates in, the region of Asia<br />
Pacific is likely to be the most exciting in the<br />
world, thanks to its high-growth economies.<br />
More specifically, <strong>Malaysia</strong> will be a choice<br />
destination for investments and business<br />
opportunities as the E&E industry is a<br />
leading sector in <strong>Malaysia</strong>’s manufacturing<br />
sector, contributing significantly to<br />
the country’s exports at 33.4% and<br />
employment at 23.7% in 2014, according<br />
to the <strong>Malaysia</strong>n Investment Development<br />
Authority (MIDA).<br />
With the country’s participation in the<br />
Association of Southeast Asian Nations<br />
(ASEAN) Economic Community (AEC), the<br />
sector’s growth is projected to increase.<br />
Contributing factors to the growth will be<br />
made possible with the Engineers Act<br />
<strong>Malaysia</strong> being amended to accommodate<br />
foreign participation of engineers and<br />
consultancy firms and that green initiatives<br />
and pursuit of sustainability will continue to<br />
be a leading trend.<br />
The E&E industry in <strong>Malaysia</strong> can be<br />
categorised into four sub-sectors:<br />
ELECTRICAL<br />
According to the <strong>Malaysia</strong> External Trade<br />
Development Corporation (MATRADE),<br />
the electrical sector had its beginning<br />
in the 1960s with the establishment<br />
of manufacturing plants for the import<br />
substitution of household appliances,<br />
electrical fittings, wires and cables and<br />
automotive batteries. The industry has then<br />
grown over the years, with capability to<br />
supply high-end electrical products including<br />
electrical components to both domestic and<br />
international markets.<br />
Also, major electrical products produced<br />
under this sub-sector are lightings, solarrelated<br />
products and household appliances<br />
such as air-conditioners, refrigerators,<br />
washing machines and vacuum cleaners.<br />
CONSUMER ELECTRONICS<br />
This sub-sector includes the manufacture<br />
of LED television receivers, audio visual<br />
products such as Blu-ray disc players and<br />
recorders, digital home theatre systems,<br />
mini disc, electronics games consoles and<br />
digital cameras.<br />
The sector is represented by many<br />
renowned Japanese and Korean companies<br />
which have contributed significantly towards<br />
the rapid growth of the sector. The leading<br />
companies are now undertaking R&D<br />
activities in the country to support their<br />
global and Asian markets.<br />
Another notable key growth in this subsector<br />
is the mobile lifestyle affecting most<br />
if not all of us in today’s world. The lifestyles<br />
of consumers are becoming increasingly<br />
hectic, particularly in urban areas. Mobile<br />
consumer electronics, such as smartphones,<br />
tablets, and laptops, are bringing speed<br />
and convenience to consumers in terms of<br />
their jobs and communication. Smartphones<br />
in particular have become a necessity<br />
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not only for communication, but also for<br />
entertainment purposes. Consumers can<br />
access popular social media websites<br />
or just browse the latest trends almost<br />
anywhere in <strong>Malaysia</strong> due to the increased<br />
coverage of the 3G or 4G networks. Besides<br />
entertainment, mobile internet brings<br />
along the ability to do professional work<br />
from mobile devices such as office suites,<br />
collaborative applications or even photo<br />
editing. These have given consumers greater<br />
freedom and have thus fuelled the demand<br />
for mobile devices. Given such lifestyle<br />
habits, consumers have become reliant on<br />
consumer electronics.<br />
INDUSTRIAL ELECTRONICS<br />
This sub-sector consists of multimedia<br />
and information technology products<br />
such as computers, computer peripherals,<br />
telecommunication products and office<br />
equipment. The industrial electronics subsector<br />
is the second largest sub-sector,<br />
comprising 28% of the total investments<br />
approved in the E&E sector for 2014.<br />
ELECTRONIC COMPONENTS<br />
Products and activities which fall under this<br />
sub-sector include semiconductor devices,<br />
passive components, printed circuits<br />
and other components such as media,<br />
substrates and connectors.<br />
Within the electronic components subsector,<br />
the semiconductor devices have<br />
been the leading contributor in the<br />
performance of exports for the E&E industry.<br />
In 2014, the electronic components subsector<br />
became the largest sub-sector with<br />
approved investments of RM5.8 billion.<br />
The presence of major (MNCs) such as<br />
Intel, AMD, Freescale Semiconductor,<br />
ASE, Infineon, STMicroelectronics,<br />
Texas Instruments, Renesas and major<br />
<strong>Malaysia</strong>n-owned companies such as<br />
Silterra, Globetronics, Unisem and Inari<br />
have contributed to the steady growth of the<br />
semiconductor industry in <strong>Malaysia</strong>. To date,<br />
there are more than 50 companies, largely<br />
MNCs producing semiconductors devices.<br />
The presence of IC design firms strengthens<br />
the semiconductor ecosystem by providing<br />
IC design services for their own products<br />
or outsourced. Today, IC design firms have<br />
added more value to their capabilities.<br />
Companies such as MyMs and Symmid have<br />
diversified their product base to feed the<br />
needs of the financial, Halal and LED markets.<br />
CAPABILITIES ON LOCAL SOIL<br />
<strong>Malaysia</strong>n companies have accumulated<br />
vast experience in supporting the global<br />
E&E multinationals. Today, they are capable<br />
exporters that have been supplying various<br />
E&E products worldwide. It is important to<br />
highlight the following areas of specialisation<br />
that <strong>Malaysia</strong>n companies are capable of:<br />
• Electronic manufacturing services<br />
• Wafer fabrication<br />
• IC designs<br />
• Assembly, packaging and testing<br />
• Parts and components for electrical<br />
products<br />
• Power and energy generation<br />
• Solar solutions<br />
• LED lighting solutions<br />
• Consumer electrical items and<br />
• IT parts and accessories<br />
<strong>Malaysia</strong>n exporters have proven capabilities<br />
in producing high quality E&E products and<br />
meeting world standards. They are also<br />
ready with the current global trend for green<br />
and environmentally-friendly products as<br />
well as the move towards sustainability.<br />
<strong>Malaysia</strong> is a key player in the fast expanding<br />
E&E market with its major export destinations<br />
include China, US, Singapore, Hong Kong<br />
and Japan. As a result, <strong>Malaysia</strong>n exporters<br />
are open to work with any interested<br />
business partners to embark on the highimpact<br />
joint-venture projects for new product<br />
development, innovation, R&D and other<br />
services within the E&E value chain.<br />
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Timber & Wood<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 189<br />
Chapter 14
Rich Resources Trigger Future Growth<br />
For many years now, Asia has been<br />
touted as a fresh source of demand for<br />
consumer products, attracting more and<br />
more global investments to its shores and<br />
fuelling new wealth.<br />
<strong>Malaysia</strong>, a country with rich natural<br />
resources, has a total forest area of<br />
22,195,100 hectares (ha) or 67.6% which<br />
is more than two-thirds of the land area. In<br />
2000, the coverage area was 21,591,000<br />
ha. Between 2010 and 2015, forest area<br />
has risen by 14,000 ha per year.<br />
This equates to the fact that <strong>Malaysia</strong>’s<br />
forest area is increasing, not decreasing.<br />
Primary forest area is 5,041,1000ha<br />
(22.7% of forest area), other naturally<br />
regenerated forests are 15,188,000ha<br />
(68.4% of the total area), and planted<br />
forests, represent 1,966,000ha or 8.9% of<br />
forest area.<br />
<strong>Malaysia</strong> is one of the world’s leading<br />
exporters of tropical hardwood products.<br />
Some of the key timber products for<br />
domestic demand and export include<br />
sawn logs, sawn timber, veneer sheets,<br />
plywood, particleboard and furniture.<br />
Some of the main importers of <strong>Malaysia</strong>n<br />
timber products are Belgium, China,<br />
Germany, Hong Kong, India, Italy, Japan,<br />
and the Netherlands.<br />
The wood-based industry can also be<br />
classified into wood and wood products,<br />
paper products and furniture fixtures. The<br />
wood and wood products classification<br />
can be divided further into 10 subsectors<br />
of which three are of special importance:<br />
plywood, saw, timber and wooden<br />
furniture. Further categories include<br />
logs, medium density fibre board (MDF),<br />
builder‘s carpentry and joinery (BCJ),<br />
mouldings, veneer and other timber.<br />
In 2009, the timber sector was the fifth<br />
largest export earner for the country and<br />
maintains its position as strong driving<br />
force within the industry. In 2010, the<br />
timber sector contributed to 3.7% of<br />
the GDP and 3.2% of the country‘s total<br />
merchandise export.<br />
In 2015, <strong>Malaysia</strong>’s exports of timber and<br />
timber products, including wooden and<br />
rattan furniture, plywood and saw and<br />
timber, reached RM22.1 billion, which was<br />
an increase of 6.5% over 2014 (RM20.5<br />
billion).<br />
<strong>Malaysia</strong>n Timber Council (MTC) Chief<br />
Executive <strong>Of</strong>ficer, Datuk Dr Abdul Rahim<br />
Nik was quoted in Timber <strong>Malaysia</strong> 2016<br />
as saying: “The timber industry, including<br />
the export of wooden furniture, is a<br />
significant contributor to the economic<br />
development of tropical countries like<br />
190 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Malaysia</strong>. However, continued growth<br />
and progress of the industry is largely<br />
dependent upon its ability to shift from<br />
the current manufacturing-based mindset<br />
to one that is more innovation-centric,<br />
providing more value-added products for<br />
the international market.”<br />
Timber <strong>Malaysia</strong> 2016 also revealed that<br />
the <strong>Malaysia</strong>n timber industry is among<br />
the top five export earners of the nation,<br />
just behind crude petroleum, electrical<br />
and electronic products, palm oil, and<br />
palm oil based products, and rubber and<br />
rubber-based products. The <strong>Malaysia</strong>n<br />
timber industry had contributed 2% of the<br />
<strong>Malaysia</strong>n GDP and 2.7% of the nation’s<br />
total merchandise exports in 2014, with<br />
the top exported timber-based product<br />
being wooden furniture.<br />
THE RELATIONSHIP BETWEEN AEC,<br />
TPPA AND THE TIMBER INDUSTRY<br />
The Association of Southeast Asian<br />
Nation (ASEAN) Economic Community<br />
(AEC) and the Trans-Pacific Partnership<br />
Agreement (TPPA) is set to impact the<br />
foundations of business in <strong>Malaysia</strong>,<br />
including the timber industry.<br />
The AEC, a huge market with 600 million<br />
people and a market of USD2.6 trillion, is<br />
the 3rd largest market in Asia and 7th in<br />
the world. In that context, <strong>Malaysia</strong> has<br />
a good opportunity to provide exports.<br />
Currently, the biggest ASEAN markets for<br />
timber include Singapore, Thailand, and<br />
Philippines for the year 2014.<br />
Moreover, with the recent TPPA<br />
signing, among the 12 nations that are<br />
participating in the agreement, <strong>Malaysia</strong><br />
does not have a Free Trade Agreement<br />
(FTA) with four of these nations, namely<br />
the United States, Canada, Mexico and<br />
Peru. But, with the TPPA, <strong>Malaysia</strong>n<br />
businesses have an opportunity to do<br />
business with these nations.<br />
CONSERVATION EFFORTS<br />
The country is also taking a more<br />
conscious effort in sustainably managing<br />
its forest resources in a transparent way.<br />
Measures taken include improving the<br />
investment climate for forest plantations<br />
as a supplementary source of wood<br />
supply, diversifying wood products<br />
and wood product markets to reduce<br />
commercial risk on the industry and<br />
increasing utilisation of lesser-known<br />
wood species and production of bio-fuel<br />
from palm oil.<br />
Furthermore, deforestation is not only<br />
a problem in <strong>Malaysia</strong> but a global<br />
dilemma. <strong>Malaysia</strong> faces shortfalls in<br />
timber production from its native forest<br />
and therefore, forest plantations play<br />
an important role in keeping the timber<br />
industry sustainable.<br />
According to the Forestry Department<br />
Peninsular <strong>Malaysia</strong> (FDPM), forest<br />
plantations covered an area of 75,672<br />
hectares by 2001. However, for a total<br />
sustainable timber production this effort<br />
was not enough. Therefore, in March<br />
2005, the government gave the Ministry<br />
of Plantation Industries and Commodities<br />
(MPIC) the task to pursue an aggressive<br />
programme for the development of forest<br />
plantations in <strong>Malaysia</strong>. Ultimately, the<br />
goal of the Ministry hereby is to develop<br />
another 375,000 hectares of forest<br />
plantation at an annual planting rate of<br />
25,000 hectares per year until 2020.<br />
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Plantation<br />
& Agriculture<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 193<br />
Chapter 15
Key Enabler In Economic And<br />
Social Transformation<br />
The plantation and agriculture sectors,<br />
along with fisheries and forestry, still<br />
account for 7-8% of <strong>Malaysia</strong>’s gross<br />
domestic product (GDP), which is a high<br />
level for a country at <strong>Malaysia</strong>’s stage<br />
of economic development. The sector<br />
also involves around one million workers,<br />
with about half of these being temporary<br />
migrants creating a hub for employment<br />
opportunities. Apart from being known<br />
as an important sector that draws in both<br />
international and domestic investors,<br />
the plantation and agriculture sector is<br />
highly dynamic, deemed to possess good<br />
potential for the future.<br />
PALM OIL AND RUBBER<br />
Being one of the biggest producers<br />
and exporters of palm oil and palm oil<br />
products, <strong>Malaysia</strong> has an important role<br />
to play in fulfilling the growing global need<br />
for oils and fats sustainably. The country<br />
currently accounts for 39% of world palm<br />
oil production and 44% of world exports.<br />
However, in order to maintain a steady<br />
supply of production, <strong>Malaysia</strong> is gearing<br />
to overcome its shortage of suitable<br />
farming land by replanting and planting<br />
new trees on existing land banks by<br />
independent smallholders to replace<br />
ageing and unproductive trees with<br />
higher-yielding seedlings.<br />
This will be achieved by implementing a<br />
more proactive approach by replanting<br />
and new planting initiatives remaining<br />
on track and contributing towards a<br />
sustainable supply of the commodity to<br />
downstream palm oil operators within and<br />
outside the region.<br />
According to a report by the Australian<br />
National University in 2012, “Palm oil<br />
commands relatively high international<br />
prices, which are sustained by high<br />
persisting demand in both the food<br />
and non-food sectors. The latter is<br />
especially connected with bio-fuels,<br />
where petroleum is predicted to grow<br />
scarcer in relation to burgeoning global<br />
consumption. Rubber too remains a<br />
vital industrial product, and has seen a<br />
quadrupling of price over the last decade.<br />
It also has favourable forecasts for the<br />
future. Returns to producers from these<br />
crops are accordingly high, and there is<br />
substantial ‘downstream’ development<br />
into manufactured products. “<br />
When it comes to rubber, <strong>Malaysia</strong> is<br />
home to the world’s leading rubber glove<br />
producers who collectively are a key<br />
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employer and revenue generator in the<br />
country. The goal is to reach 65% world<br />
market share of latex gloves by 2020.<br />
However, as the industry faces labour<br />
shortages and tight rubber supply, it has<br />
embarked on automation to cut down its<br />
reliance on manual labour.<br />
In 2014, total export revenue of <strong>Malaysia</strong>n<br />
latex products, of which latex gloves<br />
is a major contributor, was recorded at<br />
RM12.03 billion.<br />
Furthermore, the move towards a more<br />
integrated Association of Southeast Asian<br />
Nations (ASEAN) market would also have<br />
a significant positive impact on rubber<br />
and palm oil, as it will encourage crossborder<br />
trade and investments in the<br />
region of over 600 million people.<br />
RICE<br />
<strong>Malaysia</strong>’s rice states are predominantly<br />
Kedah and Perlis. An important subsector<br />
under the <strong>Malaysia</strong>n government’s<br />
National Key Economic Area (NKEA)<br />
Entry Point Project (EPP), efforts<br />
have been made to further strengthen<br />
paddy farming. This includes estate<br />
management which contributes<br />
significantly to increasing farmers’ yield,<br />
with some farmers seeing yields more<br />
than double and average incomes rising<br />
19% since joining the government’s<br />
programme.<br />
LOOKING TO THE FUTURE WITH<br />
NICHE AREAS<br />
Edible bird’s nest (EBN) products<br />
were exported in 2014 with over 7,000<br />
swiftlet premises registered to date<br />
while premium shrimp which receives its<br />
greatest demand from <strong>Malaysia</strong> has the<br />
price per kilogramme of shrimp tagged<br />
higher in <strong>Malaysia</strong> than in export markets.<br />
The Agriculture NKEA also encourages<br />
business opportunities in the fields of<br />
herbal products, free-range chicken<br />
farming, button mushroom farming,<br />
increasing domestic production of fruits<br />
and dried fruit snacks and ornamental fish<br />
farming.<br />
The <strong>Malaysia</strong>n agriculture is a sphere<br />
of major economic potential, whose<br />
transformation needs to be strengthened<br />
further by substantial social change.<br />
There are many possibilities of<br />
improvement, and these deserve to<br />
be actively canvassed. But, this is all<br />
possible with sustained investment<br />
from both the government and private<br />
companies. This will then lead the<br />
agriculture and plantation sectors<br />
which are traditionally small-scale<br />
and production-based sectors into<br />
a large-scale agribusiness industry<br />
that contributes to economic growth<br />
and sustainability leading up to 2020.<br />
Ultimately, the sector contributions to<br />
the economy will continue to grow along<br />
with enhancing the quality of life for both<br />
industry players, workers and the people.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 195
Halal Business<br />
196 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 197<br />
Chapter 16
MIHAS<br />
A Stage For Trade With Ethics And Integrity<br />
Muslims represent an estimated 23% of the<br />
global population or about 1.8 billion people.<br />
By 2030, Muslims are expected to make up<br />
about 26% of the world’s total population.<br />
Clearly, Muslim consumers represent an<br />
important market segment in the global<br />
economy. With the Muslim market tagged<br />
as the fastest growing consumer segment<br />
in the world, there is enormous growth<br />
potential for the halal industry.<br />
The global halal industry is currently<br />
estimated to be worth USD2.3 trillion<br />
(RM9.2 trillion). Until a decade ago, the<br />
halal industry was largely confined to food<br />
and other food-related products. However,<br />
the changing purchasing habits among<br />
Muslim consumers and the rise in ethical<br />
consumerism worldwide, the halal industry<br />
has expanded beyond just food and today<br />
the industry comprises other segments such<br />
as tourism, pharmaceuticals and healthcare,<br />
media recreation and e-commerce.<br />
Halal is no longer a mere religious obligation<br />
for Muslims – it is a lifestyle choice. The<br />
values promoted by halal revolve around<br />
social responsibility, economic and<br />
social justice, animal welfare and ethical<br />
investment and these values have garnered<br />
interest beyond religious compliance.<br />
The halal status to a product is not just a<br />
guarantee that the product is permissible for<br />
Muslims; it is a symbol for quality assurance<br />
and ethical consumerism applicable for non-<br />
Muslims as well. Many Western countries<br />
have recognised the emerging global trend<br />
in consumerism towards halal products<br />
and services, and are now moving towards<br />
gaining a footing in the global halal industry.<br />
<strong>Malaysia</strong>, strategically located at the<br />
centre of Southeast Asia, is one of the first<br />
Muslim majority countries to recognise<br />
the importance of the halal market and<br />
has pioneered many initiatives to fuel the<br />
halal industry’s double digit growth. The<br />
<strong>Malaysia</strong>n government and the private<br />
sector have collaborated with various<br />
relevant partners to create a plethora of<br />
opportunities in the global market for halal<br />
products and services.<br />
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Testament to this, MIHAS or <strong>Malaysia</strong><br />
International Halal Showcase is the most<br />
comprehensive and integrated promotion<br />
and sourcing platform to energise the global<br />
halal ecosystem effectively. It also brings<br />
together businesses, organisations and<br />
governments closer to champion one single<br />
cause –developing a dynamic growth for<br />
the halal industry. The premier trade show<br />
made its debut in 2004 and quickly became<br />
the world’s largest halal marketplace. Since<br />
its inauguration, MIHAS has congregated<br />
approximately 200,000 visitors from<br />
70 nations, 5,000 companies from 30<br />
countries and generated more than USD3<br />
billion in sales. MIHAS is recognised globally<br />
as a value-adding platform that promotes<br />
cross-border economic investments and<br />
business partnerships.<br />
The recently concluded MIHAS 2016 reaped<br />
RM1.14 billion in sales -- an increase of four<br />
per cent from last year’s (RM1.1 billion). The<br />
sales generated included sales from the<br />
event’s two main components -- International<br />
Sourcing Programme (INSP) and the<br />
exhibition, over a period of four days.<br />
This is an exciting time for the global<br />
halal industry as the international trade<br />
for halal products and services is growing<br />
rapidly, driven by shifts in production<br />
and consumption patterns, continuing<br />
technological innovation and new ways of<br />
doing business. With over 500 businesses<br />
showcasing their premier products and<br />
services annually at MIHAS, it is an ideal<br />
platform for the world to penetrate into the<br />
global halal market and source for pioneering<br />
new innovations, discover emerging brands<br />
and expand trade opportunities.<br />
MIHAS, organised by <strong>Malaysia</strong> External<br />
Trade Development Corporation (MATRADE),<br />
is part of the World Halal Week (WHW) –<br />
a brainchild of Ministry of International Trade<br />
& Industry (MITI). Besides MIHAS, other<br />
components of the WHW are World Halal<br />
Conference organised by Halal Industry<br />
Development Corporation (HDC) and Halal<br />
Certification Bodies Convention organised<br />
by Department of Islamic Development<br />
(JAKIM). The WHW brings together industry<br />
players and halal experts from all over the<br />
world. It also embodies <strong>Malaysia</strong>’s aspiration<br />
to be the main driver in creating a dynamic<br />
ecosystem for the halal industry for the<br />
world players to draw inspirations from.<br />
MIHAS 2017 will continue to meet the<br />
growing demand for halal products and<br />
servicesaround the world. Buyers, retailers,<br />
trade delegates, foreign media and halal<br />
enthusiasts from all over the world are<br />
expected to grace the trade fair with their<br />
presence. The prestigious MIHAS 2017 will<br />
be held from 5th – 8th of April 2017 at the<br />
state-of-the-art Kuala Lumpur Convention<br />
Centre, Kuala Lumpur.<br />
Join us in our movement as we set a<br />
stage for commerce and trade, with<br />
ethics and integrity. Visit MIHAS 2017!<br />
For more info, log on to<br />
www.halal.com.my<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 199
Charity<br />
200 | <strong>Best</strong> of <strong>Malaysia</strong>
<strong>Best</strong> of <strong>Malaysia</strong> | 201<br />
Chapter 17
NATIONAL CANCER COUNCIL (MAKNA)<br />
Keeping The Torch Alight For The Fight Against Cancer<br />
Furthermore, under the Young Cancer<br />
Survivor Scholarship programme, MAKNA<br />
aims to help young cancer survivors aged<br />
25 and below to further their tertiary studies.<br />
This is in efforts to lessen the financial burden<br />
of a family that has gone through cancer.<br />
A NEVER-ENDING BATTLE<br />
In line with its mission on to mobilise all<br />
resources to fight cancer, MAKNA has<br />
actively embarked on gaining a deeper<br />
understanding of the cause of cancer<br />
and the pathology of cancer initiation and<br />
progression. Since 2001, the organisation<br />
has collaborated with several public and<br />
private universities in <strong>Malaysia</strong> and approved<br />
over RM10 million in funds up to 2015. The<br />
fund will be used as a platform for <strong>Malaysia</strong>n<br />
researchers to further their study and<br />
findings on detecting cancer early enough<br />
to make successful treatment possible,<br />
managing cancer as a chronic disease and<br />
making prevention the first line of defense<br />
against cancer.<br />
Cancer is increasingly becoming a<br />
healthcare bane in <strong>Malaysia</strong>. It not only<br />
takes a toll on one’s life but on finances as<br />
treatment and medication costs continue to<br />
escalate. This is where the National Cancer<br />
Council (MAKNA) lends a helping hand to<br />
those in need.<br />
A <strong>Malaysia</strong>n cancer not-for-profit social<br />
enterprise since 1994, the group has been<br />
helping over 5,000 cancer-stricken patients<br />
each year, receives referrals from over 92<br />
hospitals, assisted in over 450,000 cases<br />
and recently expanded its operations to<br />
Vietnam in its efforts to raise awareness and<br />
share expertise.<br />
A key pillar to the cancer community, MAKNA<br />
is as passionate about the people who trust<br />
in them as much as giving importance to<br />
ultimately finding a cure for cancer.<br />
PROVIDING FINANCIAL AID<br />
MAKNA hopes to one day eliminate all<br />
treatment costs for its patients. In the<br />
meantime, its cancer centre at Universiti<br />
Kebangsaan <strong>Malaysia</strong> Medical Centre<br />
(MCC-UKMMC) is an ongoing working<br />
relationship for over 16 years. Consisting<br />
of an oncology ward, a sub-basement<br />
radiotherapy unit and a stem cell transplant<br />
unit, the cancer centre has treated over<br />
160,000 patients, performed over 150 bone<br />
marrow transplants and continues to be<br />
operated by both parties with funding from<br />
MAKNA at an annual cost of RM4 million.<br />
Under the Bursary Assistance Programme,<br />
cancer patients in the lower income groups<br />
who are undergoing treatment with a<br />
government hospital can apply to MAKNA<br />
for financial aid. Provided that the patient<br />
is undergoing treatment at any government<br />
hospital, he or she can keep applying for<br />
assistance once their current assistance ends.<br />
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Another key initiative in foraging for a cure;<br />
MAKNA annually allocates around RM100,<br />
000 between three and four <strong>Malaysia</strong>n<br />
scientists as part of the Cancer Research<br />
Award for promising scientists with<br />
interesting proposals on cancer research.<br />
Successful recipients are screened and<br />
vetted with the help of scientists from the<br />
Academy of Sciences <strong>Malaysia</strong>. Up to 2015,<br />
MAKNA has disbursed over RM1.28 million<br />
to 45 scientist in <strong>Malaysia</strong>.<br />
SPREADING AWARENESS AND<br />
EDUCATION<br />
MAKNA accepts requests to speak about<br />
cancer, conduct breast self-examinations<br />
and put on educational presentations and<br />
exhibitions to increase the understanding of<br />
cancer. Stating that understanding cancer<br />
is one of its main priorities, the organisation<br />
conducts an average of 200 events annually.<br />
This is done either by themselves or in<br />
partnerships with companies, government<br />
agencies, universities or schools.<br />
Staying in line with technology, MAKNA has<br />
an interactive and educational app that helps<br />
one to understand more about breast cancer<br />
and even reminds women to perform regular<br />
self-examination. The app, Ludic, available<br />
only for iPhone users at the moment, also<br />
provides informative videos on breast<br />
cancer, updates on MAKNA’s awareness<br />
events complete with map directions and<br />
a mobile mammogram<br />
screening unit locator.<br />
On breast cancer<br />
awareness, MAKNA’s<br />
initiative to provide mobile<br />
mammogram services<br />
to local communities<br />
nationwide became<br />
a reality in 2012. The<br />
initiative was rolled out<br />
after a customised 40-<br />
foot trailer complete with<br />
a mammogram machine<br />
and all necessary<br />
supporting equipment was approved and<br />
licensed by the Ministry of Health. The trailer<br />
has since travelled to various locations<br />
including rural areas and remote settlements.<br />
SECURING PARTNERSHIPS AND<br />
COLLABORATIONS<br />
Apart from partnerships with local<br />
companies, on an international front,<br />
MAKNA has been working with the Union<br />
for International Cancer Control (UICC) as a<br />
full-fledged member of the organisation. Its<br />
position has been to align and participate<br />
in programmes that are aimed at raising<br />
awareness of cancer and accelerating the<br />
fight against the disease.<br />
On a larger scale, since 2009, MAKNA has<br />
been contributing to a cancer infrastructure<br />
to cope with Vietnam’s rising cancer rates.<br />
In 2013, the group held breast and cervical<br />
training courses for young doctors from the<br />
poorest regions in Vietnam. Sixty-seven<br />
physicians and 49 doctors attended the<br />
courses in Hanoi and Hue respectively. An<br />
approximate of 10,000 women benefitted<br />
from the free health examinations.<br />
MAKNA’s impacts to take off further in<br />
Vietnam included having Vietnam’s Ministry<br />
of Health cancer support experts supporting<br />
the ‘Supportive Fund for the Cancer Patients<br />
– Bright Future’. In the long run, these are<br />
accumulated efforts as MAKNA International<br />
Vietnam (MIV) wishes to replicate MAKNA’s<br />
mission in Southeast Asia: to mobilise<br />
resources from all walks of life in the<br />
common battle against cancer.<br />
MAKE YOUR DONATION COUNT<br />
The organisation has come a long way.<br />
This is largely due to its donors, volunteers<br />
and supporters. Diversifying its methods in<br />
allowing others to contribute, an individual or<br />
company can choose to partake from direct<br />
debit donations, fundraising campaigns<br />
such as going bald for cancer, loose<br />
change campaign run in accordance with<br />
the Ministry of Education at participating<br />
public schools nationwide, climbing Mount<br />
Kinabalu, taking part in an annually-held run<br />
or creating your own fundraising campaign.<br />
Money aside, time and offering support<br />
to cancer patients is equally important.<br />
MAKNA has its own cancer support group<br />
established at its office and in partnership<br />
with participating government hospitals<br />
nationwide. As for volunteering with the<br />
organisation, a volunteer is given the option<br />
to choose his or her area of interest which<br />
includes engaging and helping cancer<br />
patients during home visits, partaking in<br />
recreational activities with cancer patients,<br />
to helping with MAKNA’s administration<br />
work or fundraising for MAKNA through its<br />
events. Acknowledged by the slogan ‘A<br />
Work of Heart’, MAKNA highly regards its<br />
volunteers who have been a crucial part of<br />
its operations in reaching out to patients and<br />
communities nationwide.<br />
If you are interested in becoming a<br />
volunteer, please visit www.makna.org.my<br />
To make a donation please visit<br />
www.makna.org.my or call 03-2162 9178.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 203
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is an international media<br />
company with regional head<br />
offices across the world.<br />
Their media showcases<br />
and connects the world’s<br />
top brands and companies<br />
through the ‘<strong>Best</strong> of’ books<br />
series in both online and<br />
print formats.<br />
Visit GlobalVillage.world<br />
A TRULY GLOBAL BRAND<br />
Abu Dhabi Australia Bahrain Belgium Botswana Brasil Britain Chile Colombia Denmark<br />
Dubai Egypt Ghana India Italy Jordan Kenya Kuwait <strong>Malaysia</strong> Mauritius Mozambique<br />
Mumbai Namibia Nigeria Paris Qatar Saudi Arabia Singapore South Africa Soweto<br />
Sweden Tanzania Turkey UAE USA Uganda Zambia Zimbabwe
Branding a Nation, a City and its People<br />
We serve as the world’s premier platform for showcasing the best <strong>Malaysia</strong> has to offer<br />
in terms of investment, business, travel and lifestyle to a global audience.<br />
Your VIP showcase and corporate gift to the world<br />
Welcome to Global Village Partnerships<br />
where both in print and online we<br />
showcase and promote the most exciting<br />
countries and economies from around the<br />
continent. Global Village Partnerships has<br />
proudly published more than 100 country<br />
and industry success stories, we lead the<br />
industry in our marketing niche.<br />
<strong>Best</strong> of <strong>Malaysia</strong> the print edition crisply<br />
profiles the future vision of the country in<br />
terms of investment, trade, manufacturing<br />
and tourism. We celebrate the success<br />
of countries, individuals and companies<br />
with ‘the good news’ editorial and pictorial<br />
imagery in the highest quality print format<br />
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interactive corporate gift and P.R. marketing<br />
tool for governments, corporates, hotels,<br />
businessmen and women providing leading<br />
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We build and promote the image of the<br />
world’s most exciting economic regions<br />
to affect a change in the perception of a<br />
nation, a city and its people by the rest of<br />
the world. This then promotes the region<br />
in terms of its investment opportunities,<br />
key industries, innovations, people,<br />
culture, tourism potential and international<br />
objectives.<br />
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<strong>Best</strong> of <strong>Malaysia</strong> | 205
BEST OF THE WORLD<br />
Our mission is to proudly showcase the <strong>Best</strong> of every Nation,<br />
their Cities and its People to the World<br />
206 | <strong>Best</strong> of <strong>Malaysia</strong><br />
All books now available for download<br />
on your iPad with the new VIPedia app.
We are an ever growing tribe of media entrepreneurs,<br />
colleagues and friends that publish the <strong>Best</strong> of the World<br />
and Leaders in Industry series of books both in print and<br />
online.In today’s worldwide market, every country, city<br />
and region must compete with others for a share of the<br />
world’s skilled work force, top entrepreneurs, tourists,<br />
exports, and investors.<br />
Brand Image<br />
Branding a Nation, a City and its People<br />
GVP brands and builds the image of the world’s most<br />
exciting economic regions to affect a change in the<br />
perception of a nation, a city and its people by the rest<br />
of the world. This then promotes the region in terms of<br />
its investment opportunities, key industries, innovations,<br />
people, culture, tourism potential and international<br />
objectives.<br />
Product - The Books<br />
Celebrate your success<br />
The ‘<strong>Best</strong> of…’ publishing series produces annual maxi<br />
format book publications in over 50 territories, from<br />
Bangalore to Belgium. These detail success stories of<br />
people and companies making positive inroads into the<br />
commercial fibre of both mature and emerging markets.<br />
The books showcase entrepreneurial spirit; establishing<br />
powerful global networks and the creation of individual<br />
brand awareness by bridging cultures. The result is the<br />
ultimate interactive corporate gift and P.R. marketing<br />
tool for governments, companies, hotels and business<br />
people providing leading products and services for their<br />
region.<br />
Please join us in promoting your country as we make<br />
the Globe our Village, info@globalvillage.world.<br />
<strong>Best</strong> of <strong>Malaysia</strong> | 207
Copyright<br />
The <strong>Best</strong> of <strong>Malaysia</strong> is published by<br />
AcePremier.com Sdn Bhd in association<br />
with Global Village Partnerships. No part of<br />
this publication may be reproduced, copied,<br />
transmitted, adapted or modified in any form<br />
or by any means. This publication shall not<br />
be stored in whole or in part in any form<br />
in any retrieval system.<br />
Disclaimer<br />
Every effort has been made to ensure the<br />
accuracy of the information in The ‘<strong>Best</strong> of<br />
<strong>Malaysia</strong>’ Vol. 2. The Publisher does not<br />
assume any responsibility for the contents<br />
& advertisements and for any errors &<br />
omissions. The Publisher reserves the right to<br />
amend and alter copy and visual material as<br />
deemed necessary.<br />
Photo Credit<br />
Tourism <strong>Malaysia</strong>, Iskandar Regional<br />
Development Authority, Themed Attractions &<br />
Resorts, Genting Simon Sdn Bhd,<br />
Johor Port Berhad, Shutterstock.com<br />
Printed by<br />
Times <strong>Of</strong>fset (M) Sdn Bhd<br />
Perpustakaan Negara <strong>Malaysia</strong><br />
Cataloguing-in-Publication Data<br />
ISBN 978-967-13267-4-9<br />
1. Business 2. Investment.<br />
I.Title: <strong>Best</strong> <strong>Of</strong> <strong>Malaysia</strong><br />
208 | <strong>Best</strong> of <strong>Malaysia</strong>