KSI Three Strategic Thrusts: Strategic advice, Curated Events and Executive Briefings

May 2019

KS REVIEWK I N G S L E Y S T R A T E G I C I N S T I T U T E

Minister of International Trade & Industry, Datuk Darell Leiking launching the book - “The Road Less Travelled” authored by KSI President Tan Sri Michael Yeoh.

YB Dato Seri Anwar Ibrahim, President of PKR at the Closing Keynote Address of KSI’s Malaysia Economic & Strategic Outlook Forum. Looking on in KSI’s President, Tan Sri Michael Yeoh.

KSI President Tan Sri Michael Yeoh greeting the Malaysian Prime Minister with Tan Sri Lee Kim Yew upon his arrival at the Forum.

Minister of Health, Datuk Seri Dr. Dzulkefly Ahmad at KSI’s Malaysian Healthcare Conference.

Federal Territories Minister, YB Khalid Abdul Samad at KSI’s Greater KL & Purtrajaya Conference.

Chairman of KSI, Tan Sri Barry Goh having a word with the Deputy Housing & Local Government Minister, Raja Dato Kamarul Bahrin Shah.

YB Dato Mohd Ariff Md Yusof, Speaker of the House of Representatives, Parliament of Malaysia at KSI’s Open House.

2 WORLD CHINESE ECONOMIC FORUM 2018

WCEF 2018 with theme, “Towards a Common Future: Enhancing New Opportunities in a Changing World” is indeed apt and timely. It is in line with the new diaspora, that we should blaze new trails, explore new ideas, motivate people and create new opportunities.

Dato Sri Dr Vijay Eswaran posing for a photo with YB Dato Seri Anwar Ibrahim, YB Lim Guan Eng and Tan Sri Michael Yeoh.

Tan Sri Lee Kim Yew, Founder and Patron of WCEF explaining the Chinese characters on the scroll to YAB Tun Dr Mahathir Mohamed, Prime Minister of Malaysia after his keynote address.

The Prime Minster unveiling a scroll presented to him by the International Zheng He Association.

H.E Shaukat Aziz having a conversation with Tan Sri Barry Goh, Executive Chairman of Kingsley EduGroup.

Tun Dr Ling Liong Sik, H.E. Shaukat Aziz, Dato Sri Dr Vijay Eswaran and Mr Goh Peng Ooi are among the many distinguished guests at the Forum.

4 very distinguished gentlemen at the Gala Dinner, From L-R , H.E. Shaukat Aziz, Former Prime Minister of Pakistan, Tan Sri Michael Yeoh, Chairman, Organising Committee WCEF, YB Lim Guan Eng, Minister of Finance Malaysia and YB Dato’ Seri Anwar Ibrahim, President, Pakatan Harapan & MP, Port Dickson.

Organisers and partners posing with the Minister. From L-R: Ms Caroline Cheong, COO KSI; Dato Jean Wong, KSI’s Business Development Adviser; YB Datuk Seri Mohd Redzuan Md Yusof, Datuk Kamalul Arifin Othman, KSI’s Director; Datuk Michael Kang, President SME Association, Mr Max Say, KSI’s Chief Partnership Office and Dr. Lee Oi Kum, Chairman, E-Komoditi Sdn Bhd.

3 NATIONAL CONFERENCE ON INDUSTRY 4.0

What Does the Future Looks Like? How Business and SME’s Can Benefit?

National Conference on Industry 4.0

21 March 2019Seri Pacific Hotel, Kuala Lumpur

Jointly Organised by Kingsley Strategic Institute (KSI) and SME Association of Malaysia

Kingsley Strategic Institute (KSI) jointly organised the National Conference on Industry 4.0 with the theme, What Does the Future Looks Like? How Business and SME’s Can Benefit? with the SME Association of Malaysia.

The Conference is intended to update the business community and SMEs on the challenges and opportunities arises from Industry 4.0. It will help to highlight the Government’s transformation plans for the 4th Industrial Revolution and evaluate the key trends and strategic issues that will result from the 4th Industrial Revolution.

in his Keynote Address, the Minister of Entrepreneur Development, YB Datuk Seri Mohd Redzuan Md Yusof, the digital services industry is registering exponential growth and significantly changing the job market. New emerging industries such as Big Data, Artificial Intelligence, Fintech and Blockchain were potential industries that could leapfrog Malaysian entrepreneurs into becoming champions in the global supply chain, he said.

The Minister said that the Malaysian Statistics Department reported that Malaysia had an internet penetration rate of close to 90% of the population. However, he noted, creating entrepreneurs was more than just providing easy access to the internet and that they should make better use of it, and of technology, as a whole. He added that digitalisation offered new opportunities for innovative business solutions in a fast-changing environment that required businesses to be nimble and be capable

of pivoting quickly. With the pace of digitalisation picking up around the world, it is extremely imperative for SMEs to accelerate the adoption of digital technologies to spur economic growth, as they represent 98.5% of the total establishments. Nonetheless, SMEs often struggle with digital developments. Barriers to infrastructure, regulatory and administrative burdens, insufficient access to finance and digital skills in the workforce are some issues facing SMEs.

The conference saw the participation of well-known speakers from various industries such as Mr Noor Azmi Mat Said, Chief Executive Officer, SME Corporation Malaysia; Dr. Yoong Siew Wai, Senior Manager, National Strategic Initiative, MIMOS Bhd; Mr Peter Desmond Wee, Chairman, International IP Commercialization Council (IIPCC Malaysia); Mr Ong Chee Tat, National Deputy President, SME Association; Mr James Lai, Chairman, IoT Association Malaysia; Dato’ Rayson Wong, President, Malaysia Blockchain Association; Mr Tan Kuan Thye, Regional Director, National ICT Strategy, Huawei Southern Pacific Region; Dr. Jasmine Begum, Director of Legal, Corporate & Government Affairs for Microsoft Malaysia and New Markets; Mr Edward Clayton, Managing Partner, SE Asia of PWC’s Strategy& ; Prof. Dr. Shahrulniza Musa, Deputy President (Academic & Technology), Universiti Kuala Lumpur; Ms Sumitra Nair, Vice President, Talent Development & Digital Entrepreneurship, Malaysia Digital Economy Corporation; Ms Ilylia Kamaruzaman, Founder / Managing Director, Robotics Learning; Mr Revin Rajen, Director, Human Capital Group of Asia; Mr Tay Kay Luan, Vice-Chancellor, International University of Malaya-Wales; and Puan Amnah Shaari, Chief Executive Officer / Founder, Serunai Commerce Sdn Bhd.

The conference was supported by Corporate Partner, e-Komoditi and supporting organisation, CyberSecurity Malaysia.

Ms Caroline Cheong, COO KSI greeting YB Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development upon his arrival at the conference. In the middle is Mr Max Say, KSI’s Chief Partnership Officer.

YB Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development delivering his keynote address.

Mr Peter Desmond Wee, Chairman, International IP Commercialization Council (IIPCC Malaysia) speaking in the session on Addressing the Fears and Concerns about Industry 4.0 for SMEs. On the far end is Dr. Lee Oi Kum, Chairman, E-Komoditi Sdn Bhd and Mr Ong Chee Tat, National Deputy President, SME Association.

YB Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development presenting a memento to Dr. Lee Oi Kum, Chairman, E-Komoditi Sdn Bhd. Flanking them on the right is KSI’s Director, Datuk Kamalul Arifin Othman and Datuk Michael Kang, President, SME Association.

Giving the thumbs up after Datuk Kamalul Arifin Othman presented a token of appreciation to YB Datuk Seri Mohd Redzuan Md Yusof. Looking on is Datuk Michael Kang.

The staff and management of KSI posing with YB Datuk Seri Mohd Redzuan Md Yusof, Minister of Entrepreneur Development.

4 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

The New Property Landscape in a Changing Business Environment – Where Do We Go from Here?

National Housing and Property Focus Summit 2019

23 April 2019Palace of the Golden Horses

KSI’s Executive Chairman Tan Sri Barry Goh presenting a memento to Deputy Housing & Local Government Minster. Looking on are Tan Sri Michael Yeoh (left) and Tan Sri Lee Kim Yew (right).

Malaysia’s housing, property and affordable housing sectors (including the business community) are benefiting from a Government led environment that is focussing on the three Cs…Certainty, Consistency and Clarity in its macro-economic policies and endeavours said Tan Sri Dr Michael Yeoh in his opening address at the recent Kingsley Strategic Institute (KSI) National Housing & Property Summit in Kuala Lumpur.

YBM Senator Dato’ Raja Kamarul Bahrin Shah, Deputy Minister of Housing and Local Government was the keynote speaker at KSI’s Summit that brought together high-ranking senior government officers, business leaders, captains of industry, academia and stakeholders to discuss The New Tan Sri Lee Kim Yew, Executive Chairman, Country Heights

Holdings during an active Q&A session whilst looking on is Datuk Seri F.D. Iskandar, Group MD, Glomac.

The recently launched National Housing Policy 2.0 outlines five focuses 16 strategies and 57 action plans, of which 15 will be carried out in the first two years. The five focuses include improving accessibility and affordability, quality housing for all, cohesive neighbouring and neighbourhoods, improving coordination between housing development and transportation and strengthening the institutional capability. The Housing Policy aims to build 1 million affordable units in the next 10 years with the target broken down to 100,000 homes annually.

In his speech the Deputy Minister also said that the property industry needs to look at other ways of overcoming the demands for housing with renting an option to overcome supply issues. A strong tenancy market will support the investment market and improve property market issues. The Rent-To-Own (RTO) scheme is a positive Government initiative that offers buyers the option to rent their homes for five years and apply for financing to participants in the sixth year.Property Landscape in a Changing Business

Environment – Where do we go from here?

“With respect to the housing and property industry, affordable housing remains a challenge with greater need for Public Private Partnership (PPP) between government and the private sector. This is needed to deliver the outcome of more affordable housing in line with the nation’s aspirations”, affirmed Tan Sri Dr Michael Yeoh.

The escalating home ownership and overhang in the country has become a top agenda for the government to resolve. Various housing policies and measures are being implemented to stimulate buying and boost the current property market said Senator Dato’ Raja Kamarul Bahrin Shah in his opening address.

5 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

The summit also highlighted the following sessions:

ONE TWO THREE FOUR FIVECEO ROUNDTABLE Coping with the New Property Landscape: Overcoming Challenges

INDUSTRY OUTLOOK How Does the Housing and Property Market Outlook Looks Like in 2019 & 2020? What are Key Trends and Major Issues? What’s New? What’s Ho

THE AFFORDABLE HOUSING DEBATEome Ownership or Rental – The Way Forward

DISRUPTIVE TECHNOLOGIES AND BLOCKCHAINImpact on the Property Industry

SPECIAL SESSION WITH FOREIGN PROPERTY INVESTORSEnhancing Confidence of Foreign Investors: Expectations and Perspectives

Amongst the speakers and moderators at the Summit are:

• Datuk Seri F.D. Iskandar, Group Managing Director/CEO, Glomac Bhd

• Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings Bhd

• Tan Sri Lim Hock San, Group Managing Director, LBS Bina Group Bhd

• Dato’ Ir. K.K. Lim, Chief Executive Officer, Planning & Business Development, B&G Capital Resources Berhad

• Sr. Michael Geh, President, FIABCI Malaysia / Senior Partner, Raine & Horne

• Dato’ Stewart LaBrooy, Executive Chairman, Area Management Sdn Bhd

• Sr. Gs. Md. Badrul Hisham bin Awang, Director, National Property Information Centre (NAPIC)

• Ms Malathi Thevendran, Executive Director and Head of Research and Consultancy, Jones Lang Wotton (JLW)

• Mr Ishmael Ho, Chief Executive Officer, Ho Chin Soon Research Sdn Bhd

• Datuk Christopher Boyd, Executive Chairman, Savills Malaysia

• YB Haniza binti Talha, Selangor State EXCO for Housing

• Datuk Chang Kim Loong, Honorary Secretary General, National House Buyers Association

• Dr. Carmelo Ferlito, Senior Fellow, Institute for Democracy and Economic Affairs (IDEAS)

• Ms Au Foong Yee, Managing Director & Editor-In-Chief, Edge Property

• Mr Poo Ching Loong, Adviser, Max Solution (M) Sdn Bhd / CEO, Yes Boss Sdn Bhd

• Mr See Kok Loong, Executive Director, Metro Homes Realty Berhad

• Dr. Daniele Gambero, Chief Executive Officer, REI Group of Companies

Moderators

• Mr Georg Chmiel, Executive Chairman, Juwai.com

• Tan Sri (Dr) Sr. Abdul Rahim Abdul Rahman, Executive Chairman, Rahim & Co.

This National Housing and Property Focus Summit 2019 was made possible with the support and contribution of Strategic Partners, Qi Group, LBS Bina Group and Kingsley EduGroup Ltd and the supporting organisations of International Real Estate Federation – FIABCI Malaysia and the Malaysian International Chamber of Commerce and Industry (MICCI).

Role-players of the Disruptive Technologies & Blockchain session. Poo Ching Loong, Adviser, Max Solution (M) Sdn Bhd / CEO, Yes Boss Sdn Bhd; See Kok Loong, Executive Director, Metro Homes Realty Berhad; Dr. Daniele Gambero, Chief Executive Officer, REI Group of Companies and Moderated by Georg Chmiel, Executive Chairman, Juwai.com.

Distinguished role-players of the Affordable Housing Session. L to R: Au Foong Yee, Managing Director & Editor-In-Chief, Edge Property; Datuk Chang Kim Loong, Honorary Secretary General, National House Buyers Association; YB Haniza binti Talha, Selangor State EXCO for Housing; Mr. N.Jayaselan, Director General, National Housing Department; Dr. Carmelo Ferlito, Senior Fellow, IDEAS and Wan Nur Amirah, Assistant Director, Policy and Strategic Planning Division, National Housing Department.

Role-players of the special session with Foreign Property Investors Sr. Michael Geh, President, FIABCI Malaysia; Tan Sri Dato’ Abdul Rahim Abdul Rahman, Executive Chairman, Rahim & Co and George Chmiel, Executive Chairman, Juwai.com.

Tan Sri Lim Hock San, Group Managing Director, LBS Bina Group receiving a memento from the Deputy Minister of Housing & Local Government. LBS Bina Group was the Corporate Sponsor.

L to R: Max Say; Tan Sri Barry Goh, Executive Chairman of Kingsley EduGroup; Tan Sri Lim Hock San, Group Managing Director, LBS Bina Group Bhd and Dato’ Cynthia Lim, Executive Director of LBGB.

L to R: KSI’s Senior Adviser, Dato’ Jean Wong; Sr. Michael Geh, President of FIABCI Malaysia; Datuk Seri F.D. Iskandar, Group MD, Glomac and Deputy Miniter of Housing and Local Government.

Ms Malathi Thevendran, Executive Director, Jones Lang Wotton delivery her views at the Housing & Property Market Outlooks for 2019 & 2020, Looking on are Dato’ Stewart LaBrooy, Executive Chairman, Area Management Sdn Bhd; Sr. Gs. Md. Badrul Hisham bin Awang, Director, NAPIC; Datuk Christopher Boyd, Executive Chairman, Savills Malaysia and Mr Ishmael Ho, Chief Executive Officer, Ho Chin Soon Research Sdn Bhd.

6 INTERNATIONAL CONFERENCE ON GREATER KL AND PUTRAJAYA

Shaping the Future of Greater KL Towards Sustainable and Inclusive Smart City Living

International Conference on Greater KL and Putrajaya

25 February 2019Palace of the Golden Horses, Malaysia

The International Conference on Greater KL and on Putrajaya was organised to help promote smart, sustainable city living in the Federal Territories of Putrajaya and Kuala Lumpur. The conference focus on what future challenges and opportunities available to promote KL as an investment destination and regional hub for foreign investors.

The Minister of Federal Territories, YB Khalid Abdul Samad delivered the Opening Keynote Address in which he informed that there will be no moratorium on new property projects in Kuala Lumpur, although the size of new projects will be limited through a plot ratio of 10 according to the Kuala Lumpur Structure and Local Plan. He added that for the time being, the plot ratio will be kept at a maximum of 10, except for very specific cases. The government does not want too many buildings because of the

L to R: Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic Institute (KSI); YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories and Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings.

(property) glut. He added however that the move was not well received by developers, whom he said wanted higher buildings. In his speech he also added that there was a shortage in affordable residential units, and spoke of the need to look into financing to purchase these units.

The various sessions of the conference highlighted the challenges currently facing KL. One issue that was brought up was on connectivity and integration of the various mode of public transportation. Basic issues like transportation and public amenities must be in place before even thinking about “smart cities”. The government and stakeholders need to solve these glaring problems.

In a panel discussion on “Reimagining Greater Kl – Towards A Smart and Sustainable City”, while it acknowledged that Malaysia has eliminated squatters and

given them public housing or affordable housing, it still faces the problem of too many complexes, “almost three times of what we actually need”. The government and concerned parties have also yet to identify the features that make a city smart and sustainable. Good urban management and social education are important as physical development alone will not make greater KL a smart or sustainable city.

Another speaker also reiterated that Kuala Lumpur is still far behind Bangkok and Singapore. Bangkok is known for the entertainment and the nightlife and that is something KL cannot match. In Singapore, their higher quality of life is evident. In KL, there is a lot of connectivity issues even with the LRT and MRT as there is no seamless transportation.

The Conference brought together Senior Government Officers, Corporate Leaders, SMI’s, Entrepreneurs, Civil Society Organizations, Think Tanks though Leaders and Community Leaders exchanging views, insight and ideas as transforming KL into a sustainable and smart world class city.

Amongst the many prominent speakers at the conference includes Ar. Ezumi Harzani Ismail, President, Malaysian Institute of Architects; Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings; Datuk (Dr) Vinod Sekhar, Chairman, Petra Group; TPr. Hj. Ihsan Zainal Mokhtar, President, Malaysian Institute of Planners; Dr Lin Mui Kiang, Member, National SDG Steering Committee; Ms Omna Sreeni-Ong, Founder/Managing Director, ENGENDER Consultancy; Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group (Malaysia) Berhad/Emeritus Chairman of the Business Advisory Council, United Nations Economic & Social Commission for Asia and the Pacific (UNESCAP) and many others.

7 INTERNATIONAL CONFERENCE ON GREATER KL AND PUTRAJAYA

L to R: Tan Sri Lee Kim Yew, Executive Chairman, Country Heights Holdings; YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories and Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic Institute (KSI).

Session Four: Property Outlook for Greater KL and Putrajaya: Addressing Over Supply and Afforadable Housing Needs. L to R: Sr. Elvin Fernandez, Managing Director, Khong & Jaafar Group; Mr. Previndran Singhe, Founder & Chief Executive Officer, Zerin Properties and Mr. Ishmael Ho, Chief Executive Officer, Ho Chin Soon Research Sdn Bhd.

Session FIve: Urban, Regeneration, Arts and Culture: Making KL a World Class Liveable City. L to R: Ms. Low Ngai Yuen, President, Persatuan Kakiseni / Film Director & Producer; Dr. Adil Johan, Research Fellow, Institute of Ethnic Studies (KITA), National University of Malaysia (UKM) and Ms. Zainariah Johari, Senior Vice President, Arts, Heritage & Culture, Yayasan Hasanah.

Session Three: Sustainable City for Inclusive Development: Meeting Sustainable Development Goals, Enhancing Citi-Zens Participation. L to R: Datuk Halimah Mohd Said, President, Association of Voice of Peace, Conscience and Reason (PCORE); Mr. Jeffrey FK Phang, Chairman MyPJ - Persatuan Penduduk Petaling Jaya; Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group (Malaysia) Berhad / Emeritus Chairman of the Business Advisory Council, United Nations Economic & Social Commission for Asia and the Pacific (UNESCAP); Dr. Lin Mui Kiang, Member, National SDG Steering Committee / Member, CSO-SDG Alliance and Ms. Omna Sreeni-Ong, Founder, Managing Director, ENGENDER Counsultancy.

L to R: Dato’ Jean Wong, Adviser, Business Development, Kingsley Strategic Institute (KSI); Datuk Dr. A.t. Kumararajah, Secretary General, Malaysian Associated Indian Chambers of Commerce and Industry (MIACCI); Tan Sri Lim Kim Yew, Executive Chairman, Country Heights Holdings; YB Tuan Haji Khalid Bin Abd. Samad, Minister of Federal Territories; Tan Sri Dr. Michael Yeoh, President, Kingsley Strategic Institute (KSI); Datuk (Dr) Vinod Sekhar, Chairman, Petra Group and Datuk Halimah Mohd Said, President, Association of Voice of Peace, Conscience and Reason (PCORE).

Session one: Reimagining Greater KL - Toward a Smart and Sustainable City. L to R: Datuk David Chua, Managing Director, DC & A Group Sdn Bhd / Former DBKL Advisory Board Member (1987 - 1992); Datuk Dr. A.T. Kumararajah, Secretary General, Malaysian Associated Indian Chambers of Commerce and Industry (MIACCI); Dato’ Henry Goh, Co-Founder, Chief Operating Officer, Macro Kiosk Berhad; Ar. Ezumi Harzani Ismail, President, Malaysian Institute of Architects and Datuk (Dr) Vinod Sekhar, Chairman, Petra Group.

Session Two: Smart City and Smart Monility for Greater KL and Putrajaya: Moving Forward. L to R: Mr. Ian Tan, Business Development Director, Scania Southeast Asia and Mr. Nizam Mohd Nazar, Chief Technology Officer, Malaysia Automotive, Robotics and IoT Institute (MARii).

8 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

Education & Learning in a Fast-Changing & Disruptive World

National Education & Learning Summit 2019

25 April 2019Seri Pacific Hotel Kuala Lumpur

Education plays a vital role in fostering national unity and building a framework for social wellbeing, the Minister in the Prime Minister’s Department Senator P. Waytha Moorthy said in his opening keynote address at the National Education and Learning Summit (NELS) 2019. He added that a peaceful and united country with happy citizens provides the foundation which enables healthy education to take place. At the same time, good education is necessary to enable and sustain unity and practise good social well-being. Hence, the importance of fostering national unity through education cannot be underestimated.

At the event themed “Education and Learning in a Fast-Changing and Disruptive World”, the minister also stressed that students must go beyond “book smarts” and called for education and learning to move towards a goal of mutual understanding and empathy, especially among students of different races and religions. He added that the country’s education must take a step back and consider a model that incorporates more than grade chasing and knowledge accumulation. He further said that there is nothing wrong in championing one’s uniqueness, be it race, religion, or culture. But it does become wrong when we make enemies out of those who are different from us.

L to R: Ms. Caroline Cheong, Cheif Operating Officer/Executive Director, Research & Programs, Kingsley Strategic Institute (KSI); Dr. Chua Ping Yong, Director, Kingsley Strategic Institute (KSI)/Vice President, Kingsley Edugroup; Prof. Stephen Doughty, President & Chief Executive Officer, RCSI & UCD Malaysia Campus; Mr. Nicholas Goh, Chief Operating Officer, Quest International University Perak; YB Senator Waytha Moorthy A/L Ponnusamy, Minister in the Prime Minister’s Department (Minister of National Unity and Social Wellbeing); YB Datuk Dr Yusof B. Yacob, Minister of Education and Innovation Sabah; Tan Sri Yong Poh Kon, Chairman, Royal Selangor International Sdn Bhd; Fellow Academy of Sciences, Deputy Chairman National Education Advisory Council; Tan Sri Michael Yeoh, President, Kingsley Strategic Institute (KSI); Mr. Stevenson Charles, Qi Group and Mr. Max Say, Executive Director & Chief Partnership Officer, Kingsley Strategic Institute (KSI).

The various panels at the Summit also discussed various education issues. At the first panel on Education in a New Malaysia, the panellists agreed that public education, especially on Science, Technology, Engineering and Mathematics (STEM), needs more funding. Education in Malaysia remained underfunded. The panel was in agreement that any serious attempts to revamp national schools are to be successful, the government must look at treating educators as a professional body and as an accountable and proficient workforce. They added that the teaching profession should be treated like any other professional body. It simply means if you don’t perform, then you are out.

In other sessions, the pursuit of higher positions in global university rankings is a constant drain on resources and even caused some institutions to neglect education, said panellists discussing the topic of ‘Becoming the World’s Top Universities’. University of Nottingham Malaysia chief executive Prof Graham Kendall and International University of Malaya-Wales (IUMW) vice-chancellor Tay Kay Luan shared the view. When you look at rankings, it is a business. The rankings are driven by commercial organisations, so the two rankings that everyone sort of looks at mainly are the QS World University

Rankings and Times Higher Education World University Rankings. And they are driven by business needs. Prof Kendall added that these organisations are money-making organisations and they want to entice us into the game and once you’re in the game, you can’t get out. And all the time they’re making money. He added that’s how academic institutions are money-making businesses. Mr Tay opined that the chase for rankings even led some universities into corruption.

Vice-chancellor of Binary University Prof Sulochana Nair said some universities prioritised their performance in the rankings to the detriment of their educational goals and grew complacent in this area. She added that unfortunately, many institutions in their quest to become world-class lose sight of their core vision and this can lead to financial stress for the institution and imbalances in the overall tertiary system in which the university operates.

Another point, she added is that universities tend to become complacent. When they are in the quest to becoming world-class, sometimes they also become complacent and when universities become complacent, it is a recipe for mediocrity as well as failure. Instead, the panellists highlighted that it is more important for universities to focus on governance and standards of education. If done right, they said institutions can still do well and they will provide a lot of social aspiration and opportunities for young people to acquire an education.

The Deputy Education Minister, YB Teo Nie Cheng in her special address said that it is the Education Ministry’s aspiration to restore public schools as the school of choice. She added that the Ministry does not want education to be isolated from the masses, hence believed that schools are for the society and universities are for the community. The Ministry would also. focus on values-driven education with the hope of cultivating the spirit of love and care, happiness, and mutual respect.

She added that the Ministry also wants to improve the quality of education to one that is the centre of excellence, relevance, and efficiency. Students of today should be exposed with the latest in information technology, artificial intelligence, and the

KSI President Tan Sri Michael Yeoh greeting YB Teo Nie Ching, Deputy Minister of Education Malaysia upon her arrival.

The Education Summit saw the participation of well-known educationists and experts covering Session 1Education in a New Malaysia

Session 2Vice Chancellor’s Roundtable: Becoming the World’s Top Universities

Session 3Tackling Skills Mismatch & Promoting Employability, Preparing Students for the Workplace

Session 4Delivering Excellence in Schools - Meeting Growing Demands

Internet of Things and these features will be incorporated into the current means of teaching. She added that these changes require us to put more emphasis on STREAM education, which is Science, Technology, Reading, Engineering, Arts, and Mathematics as well as improving the proficiency of the English language.

The Minister of Education and Innovation Sabah, YB Datuk Dr Yusuf Yacob in his closing speech addressed the issues and challenges of education in Sabah. In his speech he said that a total of 707 schools in Sabah have been categorised as dilapidated out of a total of 1296 schools. Only 120 schools had been repaired in 2018 making another 587 schools to be immediately repaired or replaced with new buildings.

He added that there were school buildings which had been erected some 30 to 50 years ago and still not replaced or repaired. Despite their poor condition, they are still operating to serve a rising number of students. To upgrade or repair these schools, the Ministry needs a huge allocation in order to replace the buildings of the remaining 587 schools.

The Minister also hope that the State Ministry of Education and Innovation will be given the autonomy in handling the allocation for schools in this State so the allocation could be disbursed accordingly to the schools in need.

9 NATIONAL HOUSING AND PROPERTY FOCUS SUMMIT 2019

Team KSI with YB Teo Nie Ching, Deputy Minister of Education Malaysia. L to R: Mr. Jasroy Ghazali, Admin Assistant; Mr. Mohd Radhi Puteh, Event Sales Manager; Ms. Jessica Hap, Senior Event Manager & Senior Executive Assistant to President; YB Teo Nie Ching, Deputy Minister of Education Malaysia; Ms. Kamalaveni Batumalay, Conference Admin Manager; Mr. Voon Zhen Yi, Research Director and Ms. Noor Syazwani Md. Amin, Conference Sales Manager.

L to R: YB Teo Nie Ching, Deputy Minister of Education Malaysia; Mr Max Say, Executive Director & Chief Partnership Officer, Kingsley Strategic Institute (KSI); Prof. Stephen Doughty, President & Chief Executive Officer, RCSI & UCD Malaysia Campus and Prof. Graham Kendall, Provost and CEO, University of Nottingham Malaysia.

L to R: Prof. Dr. Rozainun Haji Abdul Aziz, Director, Kingsley Education Group; Dato’ Satinah Syed Saleh, Council Member, National Education Advisory Council/Managing Director, Alpha Alsagoff Edu Resources Sdn Bhd; Datuk Halimah Mohd Said, President, Association of Voice of Peace, Conscience and Reason (PCORE); Dato’ Freida Dato’ Mohd Pilus, Founder, Cempaka Group of Schools; Ms. Anne Tham, Group Chief Executive Officer, ACE EdVenture and Mr. Vincent Chain, Principal, Fairview International School.

L to R: YB Senator Yusmadi, RIGHTS Foundation, Dato’ Peter Nh, Founder and Chief Executive Officer, USCI Group; Datin Noor Azimah Abdul Rahim, Chairman, Parent Action Group of Education Malaysia (PAGE); Tan Sri Yong Poh Kon, Chairman, Royal Selangor International Sdb Bhd; Fellow Academy of Sciences, Deputy Chairman National Education Advisory Council and Academician Tan Sri Datuk Dr Omar Abdul Rahman, Senior Fellow, Academy of Sciences Malaysia (SAM); Senior Distinguished Fellow, Kingsley Strategic Institute (KSI).

Tan Sri Michael Yeoh, President, Kingsley Strategic Institute (KSI) on stage with YB Datuk Dr Yusof B. Yacob, Minister of Education and Innovation Sabah.

L to R: Prof. Stephen Doughty, President & Chief Executive Office, RCSI & UCD Malaysia Campus; Tan Sri Michael Yeog, President, Kingsley Strategic Institute (KSI); YB Senator Waytha Moorthy A/L Ponnusamy, Minister in the Prime Minister’s Department (Minister of National Unity and Social Wellbeing); YB Datuk Dr Yusof B. Yacob, Minister of Education and Innovation Sabah and Mr. Nicholas Goh, Chief Operating Officer, Quest International University Perak.

L to R: Prof. Graham Kendall, Provost and CEO, University of Nottingham Malaysia; Prof. Khong Kim Hoon, Deputy Vice Chancellor (Academic), Help University; Prof. Tan Sri Dr Ghauth Jasmon, Former Vice-CHancellor, University Malaya/Senior Research Fellow; Jeffery Cheah Institute on Southeast Asia, Sunway Iniversity and Mr. Tay Kay Luan, Vice-Chancellor, International University of Malaya-Wales (IUMW).

L to R: Assoc. Prof. Elajsolan Mohan, President, National Association of Private Educational Institutions (NAPEI); Mr. Guy Perring, Regional DIrector, South East Asia, International Graduate Insight Group (i-graduate); Prof. Ganakumaran Subramaniam, Head, School of Education, University of Notthingham Malaysia and Dr. Malini Eliatamby, Deputy President (Operations), INCEIF.

10 THE 2019 MALAYSIA ECONOMIC AND STRATEGIC OUTLOOK FORUM

New Malaysia, New Beginning,New Opportunities

The 2019 Malaysia Economic and Strategic Outlook Forum

29 January 2019Hotel Istana Kuala Lumpur

Kingsley Strategic Institute (KSI) organised the one-day Malaysia Economic and Strategic Outlook Forum with an impressive line-up of speakers and interesting topics.

Arising from the various discussions at the Forum, the following key points were captured:

• Sustainable methods will become commonplace in all forms of organisations with effects on daily operations, but are worthwhile investments for the future.

• The global economic outlook for 2019 is uncertain due to external factors such as Brexit, movement of oil price, and geopolitical risks. The government must instil financial confidence by providing clear and firm economic policies.

KSI’s President, Tan Sri Michael Yeoh presenting memento to YB Dato’s Seri Anwar Ibrahim, President of PKR.

Tan Sri Yong Poh Kon discussing a point with the MITI Minster.L to R: Dato’ Kenny Goh, Co-Founder & CEO, Macro Kiosk Berhad; Mr Wolfgang Hruschka, Country Director, Konrad Adenauer Stiftung; Tan Sri Michael Yeoh, President, KSI; YB Datuk Darell Leiking, Minister of International Trade and Industry; Datuk Seri Mohamed Iqbal Rawther, Executive Director, Farlim Group; Dato’ Henry Goh, Co-Founder & COO, Macro Kiosk Berhad and Mr Max Say, Executive Director & Chief Partnership Officer, KSI.

• Malaysia’s GDP growth is expected to slow to 4.6 percent in 2019, and 4.5 percent in 2020.

• More initiatives and incentives are needed to transform Malaysian job structure from low-skilled jobs to high-skilled or technology-oriented jobs while reducing dependency on foreign labour.

• The Pakatan Harapan government must manage the people’s expectations and address factors causing discontent that are causing racial and regional tensions. An equitable, needs-based economic development policy needs to be implemented while convincing the Malay majority that such a policy will not cause them to be marginalised.

• Organsations need prepare for digital disruptions and a changing work culture, such as the gig economy/contingent workforce and increased use of AI. These changes will lead to the introduction of new jobs, but also cause job losses due

to changes in future labour requirements. • The Malaysian government is still

negotiating the RCEP and CTPPP, and is also looking into the possibility of other possible FTAs. However, the government must take heed of the needs of the business community when it negotiates for FTAs.

• Forward looking policies and initiatives are needed to revive and strengthen various sectors, including tourism, SMEs, e-commerce, retail, and ICT by creating more opportunities and to overcome obstacles, especially with the coming Industry 4.0. The government has very outdated legislations which needs to be amended and modernised to prevent these sectors losing out competitively to other countries.

• The property market is on the downward cycle, but this may flatten out in 2019 and the situation may be positive by 2020 and 2021.

11 THE 2019 MALAYSIA ECONOMIC AND STRATEGIC OUTLOOK FORUM

KSI ‘s Executive Director & COO, Ms Caroline Cheong meet & greet YB Isnaraissah Munirah Majilis, Deputy Minister of Energy, Science, Technology, Environment and Climate Change as she arrives at Istana Hotel.

From L to R: Dato’ Jean Wong, Business Development Advisor, KSI; Puan Sri Jean Koh, COO, World Group Holdings Berhad; YB Isnaraissah Munirah Majilis, Deputy Minister of Energy, Science, Technology, Environment and Climate Change; HE Niko and HE Nikolaus Graf Lambsdorff, German Ambassador to Malaysia and Mr Wolfgang Hruschka, Country Director, Konrad Adenauer Stiftung.

Team KSI with YB Dato’ Seri Anwar Ibrahim, President of PKR.

Role-player of the Redefining Leadership in the Digital Age.Standing L to R: Ms Chong Chye Neo, Former ManagingDirector, IBM Malaysia; Dr. Tan Juan Jim, Executive Director and Head HR Advisory Business, Willis Towers Watson Malaysia; Ms Shareen Shariza Dato’ Abdul Ghani, Co-Founder & Director, Sorga Venture Sdn Bhd and Dato’ Ir. (Dr.) Lee Yee Cheong, Commissioner, UN Broadband Commission for Sustainable Development.

Keynote Speakers included:YB Yeo Bee Yin, Minister of Energy, Technology, Science, Climate Change and Environment represented by YB Isnaraissah Munirah Majilis, Deputy Minister of Energy, Technology, Science, Climate Change & Environment), YB Datuk Ignatius Darell Leiking, Minister of International Trade and Industry and YB Dato’ Seri Anwar Ibrahim, President, Parti Keadilan Rakyat & Chairman, Parliamentary Caucus on Governance & Reforms.

The sessions speakers included:Mr Shan Saeed, Chief Economist, IQI Global, Malaysia; Mr Manokaran Mottain, Chief Economist, Alliance Bank Malaysia Bhd; Mr Nor Zahidi Alias, Chief Economist, Malaysian Rating Corporation Berhad (MARC); Mr Tian Chua, Vice President, Parti Keadilan Rakyat; Prof. Dr. James Chin, Director, Asia Institute, University of Tasmania; YB Arthur Joseph Kurup, Deputy President, United Sabah People’s Party / Member of Parliament for Pensiangan, Sabah; YB Dr. Kelvin Yii, Secretary, DAPSY Sarawak / Member of Parliament for Bandar Kuching; YB Puan Maria Chin Abdullah, Former Chairman BERSIH / Member of Parliament for Petaling Jaya; YB Senator Dato’ Sri Ti Lian Ker, Vice President, Malaysian Chinese Association; Datuk (Dr.) Vinod Sekhar, Chairman, Petra Group & Sekhar Institute; Prof. Datuk Dr. Denison Jayasooria, Principal Research Fellow, KITA, Universiti Kebangsaan Malaysia; Dato’ Ir. (Dr.) Lee Yee Cheong, Commissioner, UN Broadband Commission for Sustainable Development; Dr. Tan Juan Jim, Executive Director and Head of HR Advisory Business, Willis Towers Watson Malaysia; Ms Shareen Shariza Dato’ Abdul Ghani, Co-Founder & Director, Sorga Ventures Sdn Bhd; Ms Chong Chye Neo, Board Member, Technology Advisor / Former Managing Director, IBM Malaysia; Dato’ Dr. Ir. Hj. Mohd. Abdul Karim Abdullah, Group Managing Director / Group Chief Executive Officer, Serba Dinamik Holdings Berhad; Dato’ Henry Goh, Co-Founder & Chief Operating Officer, Macro Kiosk Berhad; Datuk Michael Kang, National President, SME Association of Malaysia; Datuk Seri Garry Chua, President, Malaysia Retail Chain Association, Mr Siva Shanker, Head of Investments, Axis Reit & Past President, Malaysian Institute of Estate Agents; Mr Ganesh Kumar Bangah, Chairman, PIKOM, The National ICT Association of Malaysia, Mr Nigel Wong, Honorary Secretary General, Malaysian Association of Tour and Travel Agents, and Prof. Dato’ Dr. Jayles Yeoh, President, ASEAN Retail-Chains & Franchise Federation.

The conference was made possible with the support of Strategic Partner, Konrad Adenuer Siftung; Corporate Partners - Macro Kiosk Berhad, Press Metal Bintulu Sdn Bhd, Serba Dinamik Holdings Berhad, Tenaga Nasional Berhad and The Top Penang as well as Associate Partner, Green Partner.

YB Maria Chin Abdullah, Former Chairman, BERSIH / Member of Parliament for Petaling Jaya sharing her views on the Political Outlook in Malaysia. On her right is YB Dr. Kelvin Yii, Secretary, DAPSY Sarawak / Member of Parliament for Bandar Kuching and her left is YB Senator Dato’ Sri Ti Lian Ker, Vice President,Malaysian Chinese Association.

Panellists at the Malaysia’s Economic Outlook SessionFrom L to R: Manokaran Mottain, Chief Economist, Alliance Bank Malaysia Berhad and Nor Zahidi Alias, Chief Economist,Malaysian Rating Corporation Berhad (MARC).

12 MALAYSIAN HEALTHCARE CONFERENCE 2019

Optimizing Outcomes and Creating Values in a Changing Healthcare Landscape

Malaysian Healthcare Conference 2019

7 March 2019Hotel Istana Kuala Lumpur

The one-day Malaysian Healthcare Conference was organised by Kingsley Strategic Institute (KSI) and arising from the conference issues of rising healthcare cost, service and quality of care for patients were the main focus of the conference.

The Minister of Health Malaysia, YB Datuk Seri Dr. Dzulkefly Bin Ahmad delivered the keynote address. In his keynote address, the minister added that spending on healthcare almost invariably grows faster than GDP. The rate of growth of healthcare spend has exceeded that of GDP.

Tan Sri Michael Yeoh, President of KSI presenting a token of appreciation to the Minister of Health, YB Datuk Seri Dr. Dzulkefly Bin Ahmad.Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Solutions Pte Ltd receiving a token from YB Datuk Seri Dr. Dzulkefly Bin Ahmad, Minister of Health. Looking on is Tan Sri Michael Yeoh.

A group photo of speakers and organisers with the Minister of Health. From L-R: Ms Caroline Cheong; Mr Max Say; Mr Eric Wong of Napier Healthcare; Tan Sri Dato’ Dr Abu Bakar Suleiman, Chairman, IMU Group; Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Solutions Pte Ltd; YB Datuk Seri Dr. Dzulkefly Bin Ahmad; Tan Sri Michael Yeoh; Datuk Dr. Kuljit Singh, President, Association of Private Hospitals of Malaysia; Dr. Milton S W Lum, Consultant Obstetrician & Gynaecologist, Alpha Specialist Centre; Dr. Chua Hong Teck, Senior Advisor, Research Triangle Institute (RTI) Malaysia; Dr. Izzuna Mudla Mohamed Ghazali, Public Health Physician / Head of Horizon Scanning Unit, Malaysian Health Technology Assessment Section (MaHTAS), Ministry of Health Malaysia

Moreover, spending and economic recession are closely linked. Malaysia's healthcare industry spending is expected to reach about RM80 billion by 2020. The industry spending, which recorded RM52 billion at end-2017, has increased, fuelled up by the demand for healthcare services and the emergence of new care models beyond traditional hospital settings.

Macroeconomic factors like aging populations or insufficient public funding are also challenging both receivers and providers of healthcare. Adoption and penetration rates of clinical information systems vary greatly. In fact, the number (and size) of buyers varies from country to country, and is not necessarily dependent on the size of the country but rather on the structure of the healthcare system. Additionally, purchasing behaviour is shifting towards more coordinated, joint purchasing.

Speakers at the conference also highlighted that healthcare organizations were moving from “volume to value” to ensure that cost reduction or optimization is driven by

13 MALAYSIAN HEALTHCARE CONFERENCE 2019

Speakers for the session on Integrating the Social Determinants of Health into Patient Management. Speaking from the podium is Prof. Dr. Hematram Yadav, Professor of Community Medicine, Department of Community Medicine, Faculty of Medicine, MAHSA University. Seated from L to R: Assoc. Prof. To’ Puan Dr. Safurah Jaafar, Head of Division, Family and Population Health, International Medical University, Program Director Business in Healthcare Management, IMU; Datuk Dr. Narimah Awin, Former Regional Adviser (Maternal and Reproductive Health), World Health Organisation (SEARO); Ms. Natasha Francis, Business Development Executive, Doctor2U.

Speakers posing for a group photo after their session on Whither the Malaysian Healthcare Financing Scheme? From L to R: Assoc. Prof. Dr. Azimatun Noor Aizuddin, Head of International Centre for Casemix and Clinical Coding/ Senior Lecturer & Public Health Specialist, Universiti Kebangsaan Malaysia (UKM) ; Mr. Rangam Bir, President and Chief Executive Officer, Gibraltar BSN Life Berhad ; Dr. Lim Kuan Joo , Former Director, Hospital Kuala Lumpur; Mr. Azrul Mohd Khalib, Founder & Chief Executive Officer, Galen Centre for Health and Social Policy; Dr. Chua Hong Teck, Senior Advisor, Research Triangle Institute (RTI) Malaysia.

A group shot with both the Minister and Deputy Minister of Health. From L-R: Mr Max Say; Mr Eric Wong of Napier Healthcare; Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Solutions Pte Ltd; YB Dr. Lee Boon Chye, Deputy Minister; YB Datuk Seri Dr. Dzulkefly Bin Ahmad, Minister; Tan Sri Michael Yeoh, President of KSI.

Speakers for the Panel on Perspectives on The Patient at the Heart of Care: Advancing Connected Health to Improve Patient Engagement and Unlocking the Pharma Value Chain. From L-R: Dr. Md Khadzir B. Sheikh Ahmad, Deputy Director, Head of Health Informatics Centre, Planning Division, Ministry of Health Malaysia; Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Solutions Pte Ltd; Mr. H K Yong, Adjunct Professor of Universiti Teknologi Malaysia, Razak Faculty of Technology and Informatics / Senior Adviser to ASEAN Advisory, Singapore / Project Finance Association; Mr. Amrahi Bin Buang, President, Malaysian Pharmaceutical Society; Mr Leonard Ariff Abdul Shatar, Group Managing Director, CCM Duopharma Biotech Bhd.

Tan Sri Dato’ Dr Abu Bakar Suleiman, Chairman, IMU Group articulating a point at his panel presentation. On his right is Dr. Izzuna Mudla Mohamed Ghazali, Public Health Physician / Head of Horizon Scanning Unit, Malaysian Health Technology Assessment Section (MaHTAS), Ministry of Health Malaysia. On his left is Dr. Milton S W Lum, Consultant Obstetrician & Gynaecologist, Alpha Specialist Centre and Datuk Dr. Kuljit Singh, President, Association of Private Hospitals of Malaysia.

improvements in clinical and operational quality of care. Design and application of diagnostic assessments that will help organizations understand their most productive opportunities, plan for higher value, and drive cost optimization through quality improvement with measurements. The Malaysian healthcare system is moving from fee-for-service to fee-for-value with the ultimate aim to improve Quality of care, improve Health and Reduce costs.

Another important issue discussed was on healthcare financing and on the MySalam insurance scheme which provides a one-off RM8,000 lump sum payment upon diagnosis of any of 36 critical illnesses for the bottom 40 per cent (B40), will not cover those who were diagnosed before January 1 this year. Speakers at the conference said that saying that national health insurance is meant to be inclusive rather than exclusive like commercial insurance, that insurance companies should cover pre-existing conditions.

Speakers also proposed that a compulsory national health insurance scheme be implemented with a single-payer, multiple-provider system where public and private institutions would be equally accessible to the patient. This would be the most efficient and cost-effective system as such a suggestion appeared way back in 1996 under the Seventh Malaysia Plan.

Other sessions at the conference included Perspectives on The Patient at the Heart

• Mr Leonard Ariff Abdul Shatar, Group Managing Director, CCM Duopharma Biotech Bhd

• Dr. Lim Kuan Joo, Former Director, Hospital Kuala Lumpur

• Assoc. Prof. Dr. Azimatun Noor Aizuddin, Head of International Centre for Casemix and Clinical Coding/ Senior Lecturer & Public Health Specialist, Universiti Kebangsaan Malaysia (UKM)

• Mr. Rangam Bir, President and Chief Executive Officer, Gibraltar BSN Life Berhad

• Mr. Azrul Mohd Khalib, Founder & Chief Executive Officer, Galen Centre for Health and Social Policy

• Dr. Chua Hong Teck, Senior Advisor, Research Triangle Institute (RTI) Malaysia

• Datuk Dr. Narimah Awin, Former Regional Adviser (Maternal and Reproductive Health), World Health Organisation (SEARO)

• Prof. Dr. Hematram Yadav, Professor of Community Medicine, Department of Community Medicine, Faculty of Medicine, MAHSA University

• Assoc. Prof. To’ Puan Dr. Safurah Jaafar, Head of Division, Family and Population Health, International Medical University, Program Director Business in Healthcare Management, IMU

• Ms. Natasha Francis, Business Development Executive, Doctor2U

The conference was made possible with the support of Corporate Partner, Napier Healthcare Solutions Pte Ltd and University of Malaya Medical Centre as supporting organisation.

of Care: Advancing Connected Health to Improve Patient Engagement and Unlocking the Pharma Value Chain and on Integrating the Social Determinants of Health into Patient Management.

Speakers at the conference, amongst others included, • Tan Sri Dato’ Dr Abu Bakar Suleiman,

Chairman, IMU Group• Dato’ Dr Hj. Azman bin Hj. Abu Bakar,

Deputy Director General of Health (Medical), Ministry of Health Malaysia (Represented by Dr. Izzuna Mudla Mohamed Ghazali, Public Health Physician / Head of Horizon Scanning Unit, Malaysian Health Technology Assessment Section (MaHTAS), Ministry of Health Malaysia)

• Dr. Milton S W Lum, Consultant Obstetrician & Gynaecologist, Alpha Specialist Centre

• Datuk Dr. Kuljit Singh, President, Association of Private Hospitals of Malaysia

• Mr. H K Yong, Adjunct Professor of Universiti Teknologi Malaysia, Razak Faculty of Technology and Informatics / Senior Adviser to ASEAN Advisory, Singapore / Project Finance Association

• Dr. Md Khadzir B. Sheikh Ahmad, Deputy Director, Head of Health Informatics Centre, Planning Division, Ministry of Health Malaysia

• Mr. Tirupathi Karthik, Chief Executive Officer, Napier Healthcare Solutions Pte Ltd

• Mr. Amrahi Bin Buang, President, Malaysian Pharmaceutical Society

14 WHITHER ECONOMIC GROWTH, TOWARDS SUSTAINABLE PRODUCTIVITY

Whither Economic Growth, Towards Sustainable Productivity

Malaysian Economic Summit 2018

16 October 2018Royale Chulan Kuala Lumpur

KSI Institute organised the Malaysian Economic Summit 2018 on 16 October 2018, the second event for the newly setup KSI institute.

The summit was officiated by the Minister of Entrepreneur Development, YB Datuk Seri Mohd Redzuan Yusof In his keynote address, the minister informed that his ministry will be reviewing all the policies and initiatives regarding the development of entrepreneurs and SMEs with the intent to make it more holistic, integrated and targeted.

It is the Ministry's mission to widen and coordinate entrepreneurial activities to be more targeted, inclusive, encompassing all segments of society including the B40 and M40 groups. The Ministry will focus, among others, on providing proper training and facilitation for entrepreneurs based on industry needs such as business advisory, loans and funding to stimulate the interest of potential and new entrepreneurs to establish their own start-ups. At the same time, assistance will be extended to them to ensure growth and sustainability of their businesses. He said it is the mandate of the Ministry to provide support and facilitation to local entrepreneurs so that they may move forward and withstand the competition and challenges of the global market.

Mr Indranil Lahiri, President and CEO, Siemens Malaysia receiving a token of appreciation from YB Datuk Seri Mohd Redzuan Yusof, Minister of Entrepreneur Development, Malaysia, accompanied by Tan Sri Michael Yeoh.

A group photo of the Guest of Honour, YB Datuk Seri Mohd Redzuan Yusof together with speakers and special guests.

Tan Sri Michael Yeoh, President of KSI Institute was invited to the Dinner hosted by the Malaysian High Commission in London. Also present were Domestic Trade and Consumer Affairs Minister, Dato Seri Saifuddin Nasution Ismail and Deputy Foreign Minister, Dato Marzuki Yahya.

Tan Sri Michael Yeoh, President of KSI Institute meet the Commonwealth Secretary General Baroness Patricia Scotland and the Chairman of the Commonwealth Enterprise and Investment Council Lord Marland in Marborough House London.

KSI President joined Deputy Prime Minister for Dinner at High Commission in London

KSI President meets Commonwealth Secretary General

December 2018

15 MAJECA | CENTER FOR CHINA GLOBALISATION (CCG) | UN ESBN

The President of KSI, Tan Sri Michael Yeoh was re-elected to another term as Hon. Secretary Genral of the Malaysia-Japan Economic Association (MAJECA). He with the President, Vice Presidents and other EXCO Members of MAJECA attended the Malaysia-Japan Economic Forum held in Tokyo in conjunction with Prime Minister Tun Dr. Mahathir Mohamad, visit to Japan recently.

The KSI delegation visited the office of CCG in Beijing. Photo with CCG President, Dr. Wang Huiyao, who is also counsellor to the State Council of China.

Tan Sri Michael Yeoh, Ms. Caroline Cheong and Ms Tan Sing Pei attended the Forum on China and Globalisation organised by the Centre for China and Globalisation (CCG). Photo with CCG Secretary General Dr. Mabel Miao and Tan Sri Michael Yeoh was a speaker at the Forum.

Tan Sri Michael Yeoh with the United Nations Under Secretary General and Executive Secretary of United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Dr. Armida Salsiah Alisjahbana.

The President of KSI, Tan Sri Michael Yeoh at the UN ESCAP Executive Council meeting with Founder of Infosys, Mr. Narayana Murthy.

Tan Sri Michael Yeoh was appointed to the Executive Council of the UN ESCAP sustainable Business network and atteneded the meeting of the Executive Council at the UN in Bangkok in March 2019.

KSI President meets Commonwealth Secretary General

KSI President appointed to UN ESBN EXCOTan Sri Michael Yeoh re-elected as MAJECA Hon. Secretary General

majeca.org March 2019

KSI attended Center for China and Globalisation (CCG) in Beijing

Investment Management); and Xu Jinghong (Chairman of Zhongguancun Longmen Investment Chairman of Asia America Multi-Technology Association (AAMA); CCG Vice Chair).

In this roundtable session, Tan Sri Dr. Michael Yeoh has shared his view on the new challenges and opportunities in Chinese overseas investment. He has shared that Chinese outbound investments is much welcomed in recipient countries particularly in ASEAN countries. China is now a big investor in Southeast Asia. FDI’s in China important for growth & prosperity in ASEAN. Chinese investment in Southeast Asia in not new. In fact, Malaysia is also the first country in Southeast Asia to establish diplomatic relations with China, and the relationship

At the invitation of Center for China and Globalisation (CCG) and MOFCOM China Association for International Economic Cooperation (CAFIEC) UN China for the 5th China & Globalization Forum, Tan Sri Dr. Michael Yeoh, President of Kingsley Strategic Institute (KSI) has delivered a speech on a session on “Chinese Outbound Investment in the Changing Context”. Together with Tan Sri Dr. Michael Yeoh, the other panelists include Min Hao (Founder and Chairman of Easthouse Electric; CCG Senior Council Member); Song Zhiping (Chairman of China Naional Building Materials Group Corporation); Tang Haoxuan (Chairman of Fueta Group; CCG Senior Council Member); Wang Guangfa (Chairman of Beijing Fazheng Group; President of Beijing Royal School; CCG Senior Vice Chair); Wei Li (Chief Economist, Hengchang Litong

between China and Malaysia is going to be strengthened further with the visit of Malaysian Prime Minister, Tun Dr. Mahathir on the coming 24 April, for the 2nd BRI Summit.

Furthermore, Tan Sri Dr. Michael highlighted that Chinese investment should be institutionalized, such as understanding local social culture & sensitivities, political operation, and international norms; while holding to the principle of NOT interfering with the particular country’s politics. China should look into establish rules and systems to regulate the projects under the Belt and Road Initiative. This will ensure that FDI’s from China will be viewed positively & constructively as contributing to the economy growth & Prosperity of the ASEAN countries.

16 MALAYSIAN BANKING & FINANCE SUMMIT 2019

Disruption in Banking – Towards Banking 4.0

Malaysian Banking & Finance Summit 2019

2 May 2019Renaissance Kuala Lumpur Hotel

KSI’s President, Tan Sri Michael Yeoh presenting a memento to YB Datuk Loew Vui Keong, Minister in the Prime Minister’s Department for Legal and Parlimentary Affairs.

Themed Disruptive in Banking - Towards Banking 4.0, the Malaysian Banking & Finance Summit was held on 2 May 2019 at the Renaissance Kuala Lumpur Hotel and was officiated by the Minister in the Prime Minister’s Department for Legal and Parliamentary Affairs, YB Datuk Liew Vui Keong. In his Opening Keynote Address, he pointed that a well-functioning financial system would help to accelerate economic growth, make that growth more equitable by spreading the benefits to all sections of society, reduce poverty, and would strengthen Malaysia’s status as an emerging upper middle-income country.

It has been said that the political executive dominated the legislative agenda. Parliament legitimates; it does not legislate. Towards the end of last year, a new parliamentary caucus on reform and governance was formed, consisting of 12 parliamentarians from both sides of the political divide, headed by the Hon. Dato’ Seri Anwar Ibrahim.

Policymakers and analysts have sifted through the wreckage of the Asian financial crisis of 1997 and the subsequent crises in Russia, Turkey, and Argentina to discern key lessons so that similar crises will not recur.

Some lessons are by now well understood. Pegged exchange rates can encourage excessive borrowing and expose countries to financial collapse when foreign exchange reserves run dry. Inadequate disclosures by both private companied and public bodies can lead to similar dangers.

Although many factors undoubtedly contributed to these crises, it is now widely recognized that each suffered from a failure in “governance”, and in particularly a failure in governance in their financial sectors.

17 MALAYSIAN BANKING & FINANCE SUMMIT 2019

Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group, chairing a session. On his right is Dato’ Ong Eng Bin, CEO, OCBC Bank Bhd and his left is Prof. Dato’ Dr Azmi Omar, President & CEO, INCEIF.

L to R: Dato’ Vaseehar Hassan, Senior Associate, Kets de Vries Institute and former Chairman, RHB Islamic Bank Bhd; Dato’ Ong Eng Bin, CEO, OCBC Bank Malaysia Bhd; Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group; Prof. Dato’ Dr Azmi Omar, President & CEO, INCEIF; Dato’ Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Finance Professionals and Mr Shan Saeed, Chief Economist, IQI Global Malaysia.

Distinguished role-players of the Banking 4.0 & Technology Session.L to R: Mr Goh Peng Ooi, Executive Chairman, Silverlake Group; Mr Vincent Chan, General Manager, Financial Solution, Macrokiosk; Dr. Giovanni Butera, CEO & Managing Director, Nixora Group; Dato’ Vaseehar Hassan Abdul Razack, Former Chairman, RHB Islamic Bank; Mr Shankar Kanabiran, Partner, Ernst & Young; Mr Eddie Hu, Chief Representative, Chong Sing Fintech Group and Mr Chan Kok Long, Co-Founder & Executive Director, Ipay88.

L to R: Mr. Edward Teng, CEO Netpartners, Mr. Eddie Ho, Chief Representative, Chong Sing Fintech Group; Tan Sri Michael Yeoh, President, KSI; Mr. Goh Peng Ooi, Executive Chairman, Silverlake Group; Dato’ Kenny Goh, Co-Founder & CEO, Macrokiosk Berhad and mr Max Say, Chief Partnership Officer, KSI.

YB Datuk Liew Vui Keong presenting a memento to Mr Goh Peng Ooi, Executive Chairman of Silverlake Group. They are the Main Sponsor of the Summit.

The topics discussed at this Summit were on Gearing up the changing Banking Landscape, Coping with New Challenges and Opportunities in a Digital Era; Banking 4.0 and Technology: Where are Major Implications and Opportunities for Banks; and Risk Management in Banks in the New Era.

Distinguised role-players were Dato’ Vaseehar Hassan Abdul Razack, Senior Associate, Kets de Vries Institute and Former Chairman, RHB Islamic Bank Berhad; Dato’ Ong Eng Bin, CEO, OCBC Bank Malaysia Berhad; Prof. Dato’ Dr.

Azmi Omar, President & CEO, International Centre for Education in Islamic Finance (INCEIF); Dato’ Badlisyah Abdul Ghani, President, Chartered Institute of Islamic Finance Professionals and former CEO, CIMB Islamic Bank Berhad; Mr Shan Saeed, Chief Economist, IQI Global Malaysia; Datuk Seri Mohamed Iqbal Rawther, Group Deputy Chairman, Farlim Group (Malaysia) Berhad and First Executive Director, Malaysian Institute of Bankers; Mr Goh Peng Ooi, Executive Chairman, Silverlake Axis; Mr. Vincent Chan, General Manager, Financial Solutions, Global Business, Macrokiosk;

Dr. Giovanni Butera, CEO & Managing Director, Nixora Group, Australia; Mr. Shankar Kanabiran, Partner and Financial Services Advisory Leader, Ernst & Young; Mr. Eddie Hu, Chief Representative, Chong Sing Fintech Group Ltd; Mr. Chan Kok Long, Co-FOunder and Executive Director, iPay88; Datuk Wira Dr. Hj. Rais Hussin Hj. Mohamed Ariff, Founder & Executive Chairman, EMIR Group of Companies; Dr. Chong Han Hwee, Partner, Advisory, Ernst & Young Advisory Services; and Mr. Michael Sprake, Director, Forensic Services, PwC Consulting Associates (M) Sdn Bhd.

The Kingsley Strategic Institute (KSI) aims to provide strategic advice, high level executive briefings, international conferences, policy roundtables and national summits.

BOARD OF DIRECTORS

Chairman Tan Sri Dato’ Sri

Barry Goh Ming Choon

DirectorTan Sri Dato’ Haji

Abd Karim Munisar

DirectorDato’ Mohd Arifin

Bin Mohd Arif

PresidentTan Sri Dr.

Michael Yeoh

DirectorDatuk KamalulArifin Othman

DirectorDr. Chua Ping Yong

www.kasi.asia/about/principal-officers/

18 A ROUNDTABLE DISCUSSION ON REFUGEES

A Roundtable Discussion on Refugees

29 April 2019, Kuala Lumpur

Kingsley Strategic Institute (KSI) and Petra Group hosted some very special guests and a roundtable was organised with some local participants. They were here to fact find on the status of refugees and how they can contribute to the local economy. There are more than two million documented migrant workers, as well as a large number of undocumented migrants, estimated at between two million and five million persons in formal and informal sectors. One of the most important things is to regularise the rights of refugees for work and education. Even though Malaysia is not a State party to the 1951 Refugee Convention and its 1967 Protocol, it did not mean that the country

has no responsibilities over the issue. Granting refugees the rights to work and education may have economic benefits to the country as they can fill the gap of work that locals deemed as dirty, dangerous and difficult.

Members of the delegation included Mr Hamdi Ulukaya - CEO, Chobani; Founder, Tent Partnership for Refugees, Mr Mehmet Şimşek – Former Deputy Prime Minister for Economic and Financial Affairs of Turkey, Ms Annemarieke de Haan – Managing Director, Unilever Malaysia, Mr William Dobson, NPR Chief International Editor, Mr Gideon Maltz, Executive Director of Tent Partnership for Refugees, Mr Ali Salman, CEO IDEALS; Mr Mousdassar.

The local participants, amongst others included Tan Sri Michael Yeoh, President KSI, Datuk Vinod Sekhar, Chairman, Petra Group /Green Rubber Company, Datuk Badlisham Ghazali, President, Petra Group / Former CEO, Malaysian Airports; Datuk Seri Mohd Iqbal Rawther, Chairman, World Muslim Leadership Forum/ Deputy Chairman, Farlim Group; Datuk David Chua, Chairman, D&C Group / former Secretary-General Associated Chinese Chamber of Commerce and Industry /Housing Developers Association; Ms Rosemary Tan, Director Tungling Corporation / Former President Entrepreneurs Organisation/ Young Presidents Organisation; Mr Michael Warren, Chief Operating Officer, Petra Group / Former Vice President, Malaysian Digital Economic Corporation (MDeC) and Invest KL; Dato Jean Wong, Senior Adviser, KSI, Ms Caroline Cheong, Chief Operating Officer, KSI; Mr Max Say, Chief Partnership Officer, KSI, Mr Voon Zhen Yi, Research Director, KSI and Mr Rahul Sekhar, Vice President, Petra Group.

Mr. Hamdi Ulukaya, Chairman Chobani & Founder Tent Partnership for Refugees with Dato Vinod Sekhar and President, Kingsley Strategic Institute (KSI), Tan Sri Michael Yeoh.

Tan Sri Michael Yeoh discussing a point with Mr. Mehmet Simsek former Deputy Prime Minister of Turkey.

Former Deputy Prime Minister of Turkey, Mr. Mehmet Simsek speaking at the Roundtable.

19 KSI CNY OPEN HOUSE

KSI CNY Open House

20 February 2019Royal Lake Club Kuala Lumpur

streamline their ideas and goals to enable their networks to have for greater positive community impact. KSI attended under the ASEC ticket to explore ways of how it can spearhead this effort in the Asia region.

KINGSLEY ADVISORY & STRATEGIC INITIATIVES SDN BHD1256734-T(fka Kingsley Digital Solutions Sdn. Bhd.)

Lot 10.01 (West Wing), Level 10, Menara BRDB, 285, Jalan Maarof, Bukit Bandaraya, 59000 Kuala Lumpur, MalaysiaE: newsletter@kasi.asia T: +6012 628 3319

Principal Officers of Kingsley Strategic InstituteBoard of Directors

• Tan Sri Barry Goh, Chairman • Tan Sri Michael Yeoh, President• Tan Sri Dato’ Hj Abd Karim Munisar, Director• Datuk Kamalul Arifin Othman, Director• Dato’ Mohd Arifin bin Mohd Arif, Director• Dr. Chua Ping Yong, Director

Advisers

• Tan Sri Lee Kim Yew, Executive Adviser• Dato’ Jean Wong, Business Development• Tan Sri Dr. Omar Abdul Rahman,

Distinguished Senior Fellow

Kingsley Strategic Institute (KSI)

www.kasi.asia

World Social Forum of Transformative EconomiesKSI’s Research Director, Mr. Voon Zhen Yi, and Prof Datuk Dr Denison Jayasooria (on behalf of the Asian Solidarity Council) were in Barcelona, Spain between 5-7 April 2019 for the first meeting of the World Social Forum of Transformative Economies, in preparation for a much larger meet in May 2020. The event is held at the University of Barcelona, was organised by the International Network for the promotion of Social Solidarity Economy (RIPESS), the Network of Alternative and Solidarity

20 WORLD SOCIAL FORUM OF TRANSFORMATIVE ECONOMIES

5 - 7 April 2019Barcelona, Spain

Tan Sri Michael Yeoh moderated the Ministerial and Ambassadors Sessions at the World Halal Conference, 3 & 4 April 2019 at Kuala Lumpur.

Tan Sri Michael Yeoh and Senator Yusmadi Yusof attending a meeting in Parliament chaired by the Speaker of the Dewan Rakyat, Dato Mohd Ariff.

Tan Sri Michael Yeoh and Dato Jean Wong with Dr. Lee Oi Kum called on PNB Chairman, Tan Sri Dr. Zeti Aziz, who is also a member of the Economic Action Council.

KSI President moderates World Halal Conference

KSI President meets with Speaker of Parliment

Call on PNB Chairman

Management

• Caroline Cheong, Executive Director & Chief Operating Officer

• Max Say, Executive Director & Chief Partnership Officer

• Voon Zhen Yi, Research Director• Tan Sing Pei, Communication Director• Jessica Hap, Senior Event Manager &

Senior PA to President• Kamalaveni A/P Batumalay,

Conference Admin Manager• Mohd Radhi Puteh, Event Sales

Manager

KSI’s Services• Policy Research and Studies• Business Advisory Services• High Level Forums• Business Summits• CEO Peer Groups

Economy Networks of Spain (REAS), and the Catalan Network of Solidarity Economy (XES). Setting the stage for a major convergence of alternative economic networks worldwide, the forum featured representatives from various countries which are part of what is known as the Social Solidarity Economy (SSE). Players in this economy have different focuses stemming for community development, business-cooperative development, human rights, environmental issues, and other causes, whom are brought together to