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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


<strong>Best</strong> of <strong>Malaysia</strong> | 7


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 />

8 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

10 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 11


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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<strong>Best</strong> of <strong>Malaysia</strong> | 17


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 19


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 />

20 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 21


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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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 23


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 />

24 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 25


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 />

26 | <strong>Best</strong> of <strong>Malaysia</strong>


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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28 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 29


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 />

30 | <strong>Best</strong> of <strong>Malaysia</strong>


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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32 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 33


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 />

34 | <strong>Best</strong> of <strong>Malaysia</strong>


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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36 | <strong>Best</strong> of <strong>Malaysia</strong>


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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38 | <strong>Best</strong> of <strong>Malaysia</strong>


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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40 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 41


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 />

46 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 47


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 />

48 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

50 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 51


<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 />

64 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 65


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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68 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 69


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 />

70 | <strong>Best</strong> of <strong>Malaysia</strong>


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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72 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 73


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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<strong>Best</strong> of <strong>Malaysia</strong> | 77


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


86 | <strong>Best</strong> of <strong>Malaysia</strong><br />

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 />

88 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

92 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

96 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

98 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

100 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

102 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

104 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 107


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 />

108 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 109


Property<br />

Development<br />

110 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 113


114 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 115


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 />

116 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 117


Construction<br />

118 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 119<br />

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 />

120 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 121


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 />

122 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 123


Telecommunications<br />

124 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 125<br />

Chapter 3


126 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 127


128 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 129


GDex New logo as in 2008<br />

C100 M90 Y10 K60<br />

M100 Y100 K10<br />

Courier<br />

& Logistics<br />

130 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 131<br />

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 />

132 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 133


Oil & Gas<br />

134 | <strong>Best</strong> of <strong>Malaysia</strong>


<strong>Best</strong> of <strong>Malaysia</strong> | 135<br />

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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<strong>Best</strong> of <strong>Malaysia</strong> | 137


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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<strong>Best</strong> of <strong>Malaysia</strong> | 141<br />

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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<strong>Best</strong> of <strong>Malaysia</strong> | 145


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 />

146 | <strong>Best</strong> of <strong>Malaysia</strong>


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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<strong>Best</strong> of <strong>Malaysia</strong> | 151<br />

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 />

152 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

154 | <strong>Best</strong> of <strong>Malaysia</strong>


Chapter 8<br />

GLOBAL APPEAL: UCSI is home to students from<br />

<strong>Best</strong> of <strong>Malaysia</strong> | 155<br />

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 />

156 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 171


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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<strong>Best</strong> of <strong>Malaysia</strong> | 173


Hotels<br />

174 | <strong>Best</strong> of <strong>Malaysia</strong>


<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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<strong>Best</strong> of <strong>Malaysia</strong> | 177


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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<strong>Best</strong> of <strong>Malaysia</strong> | 179


Medical Travel<br />

180 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

182 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 183


Electrical<br />

& Electronics<br />

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<strong>Best</strong> of <strong>Malaysia</strong> | 185<br />

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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 187


Timber & Wood<br />

188 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

<strong>Best</strong> of <strong>Malaysia</strong> | 191


Plantation<br />

& Agriculture<br />

192 | <strong>Best</strong> of <strong>Malaysia</strong>


<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 />

194 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

198 | <strong>Best</strong> of <strong>Malaysia</strong>


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 />

202 | <strong>Best</strong> of <strong>Malaysia</strong>


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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to reach the super affluent and top decision makers.<br />

Global Village Partnerships<br />

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 />

available. The result is the ultimate<br />

interactive corporate gift and P.R. marketing<br />

tool for governments, corporates, hotels,<br />

businessmen and women providing leading<br />

products and services for the region.<br />

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 />

AcePremier.com Sdn Bhd (829271-K)<br />

N-2-6 Plaza Damas 60 Jalan Sri Hartamas 1 Sri Hartamas 50480 Kuala Lumpur.<br />

Tel: +603-6203 2522 | Email: info@acepremier.com<br />

<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>

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