MALAYSIA NEWS TRANSFORMATION Private advisory boards for CEOs, executives and business owners. 3Q 2014|Aug 2014 |Malaysia CONFIDENCE SLIPS AGAIN CEOs were increasingly more concerned about the economy and the prospects of their firms lately than they did a quarter ago. Reflecting this is the Vistage-MIER CEO Confidence Index which slipped further below the 100-point demarcation level of confidence in 3Q2014. The perception of CEOs was of a rather flattish to softening economy. 55% of the 397 respondents opined that the overall economic conditions in Malaysia have remained the same over the 54% of all CEOs expected an increase in revenue, down from 58% in 2Q2014 and 63% in 3Q2013. 44%of CEOs expected higher profits, down from 46% in 2Q2014 and 55% in 3Q2013. 14%of CEOs have recently registered themselves for the Goods and Services Tax (GST). 61%of CEOs suggested that the cutting down of red tape be highlighted at the AEC to be chaired by Malaysia next year. 88%of CEOs opined that the CEO/ business owner is responsible for the functions of human resource. VISTAGE-MIER CEO Confidence Index Highlights CEOConfidence Index Surveying CEOs, Executives of small to mid-sized businesses since 2003 V I S T A G E - M I E R UPDATES • Welcome New VISTAGE Members • Long Tenure Members • New Vistage Group • New Chair on the Block EMPLOYER OF CHOICE - TOWARDS RETAINING TALENT VISTAGE-MIER CEO CONFIDENCE INDEX NEWSROOM • Spritzer “Grow Green” Campaign • Nano Shield Antibacterial Floor • Eventful Year for VEE-20 • Time Out in Terengganu ANNOUNCEMENTS • VISTAGE CEO SuMMIT 2014 • VISTAGE GOLF CHALLENGE 2014 • VISTAGE CEO AWARENESS EVENTS EVENTS • TEC Australia-NZ Chair Conference • High on Mt. Kinabalu CEO ACHIEVEMENTS • Pursuit of Prime AWARDS • 2013 Vistage Master Chair & Chair Excellence Awards Winners • Outstanding Entrepreneur • Prestige Top 40 under 40 Award • Yamaha Malaysia Awards • Reaching One Year - VEE-20 Members • Five-Year Membership Award Vistage Malaysia Sdn Bhd (296405-U) Suite B-19-2, Wisma Pantai, No 5, Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur Phone : (603) 2284 2126 / 2127 Fax : (603) 2284 2100 / 2139 E-mail : [email protected]Website : www.vistage.com.my/ Published by MAY - AUGUST 2014 Private advisory boards for CEOs, executives and business owners. EMPLOYER OF CHOICE
Transcript
MAL AYSIA NE WS
CREATIVE INNOVATIVE THINKING BEYOND
A J O U R N E Y O F C H A N G ETRANSFORMATION
7 November 2014, FridaySunway Resort Hotel & Spa
Petaling Jaya, Selangor, Malaysia
VISTAGE CEO SUMMIT
Registration & Breakfast
Welcoming Remarks by Richard C.M. WongChairman & Chief Listener, Vistage Malaysia
Speaker:Topic:
Break
Speaker:
Topic:
Lunch
Presentation of Awards
Keynote Address by Y.B. Datuk Paul Low Seng KuanMinister in the Prime Minister's Department, Governance & Integrity
Break
Panel Session: “RETAINING TALENT TO STAY AHEAD OF THE COMPETITION”
CEO Panel:
Fellowship and Cocktail
Eduardo Garza T. Junco, CEO, Frisa Industries, MexicoL.C. Chin, Managing Director, Jabil Circuit Sdn Bhd, Malaysia Lim Chin Han, Managing Director, Towers Watson, Malaysia
Douglas Abrams, Founder & CEO, Expara SingaporeChairman of BANSEA (Business Angel Network of S.E.A.) “THE NEW WAVE OF SCALABLE ENTREPRENEURSHIP IN S.E.A.”
Eduardo Garza T. Junco, CEO, Frisa Industries, Mexico“HOW FRISA HAS TRANSFORMED ITS BUSINESS”
VISTAGE MALAYSIA SDN BHD (296405-U)5 Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur, Wilayah Persekutuan, MalaysiaTel: 603-2284 2126 / 2284 2176 Email: [email protected] www.vistage.com.my
8.00am - 9.00am
9.15am - 9.30am
9.30am - 11.00am
11.00am - 11.30am
11.30am - 1.00pm
1.00pm - 2.30pm
2.30pm - 3.00pm
3.00pm - 4.30pm
4.30pm - 5.00pm
5.00pm - 6.30pm
6.30pm - 8.00pm
Private advisory boards for CEOs, executives and business owners. 3Q 2014 | Aug 2014 | Malaysia
CONFIDENCE SLIPS AGAIN CEOs were increasingly more concerned about the economy and the prospects of their firms lately than they did a quarter ago. Reflecting this is the Vistage-MIER CEO Confidence Index which slipped further below the 100-point demarcation level of confidence in 3Q2014.
The perception of CEOs was of a rather flattish to softening economy. 55% of the 397 respondents opined that the overall economic conditions in Malaysia have remained the same over the year, but 8% saw an improvement (down from 10% in 2Q2014), while 37% responded negatively. Going forward, four-in-ten of the CEOs expect a worsening of the economy in the next twelve months, up from 34% a quarter ago. Those who foresee otherwise totaled 15%, up three percentage points from 2Q2014.
CEO pessimism is also reflected in their near-term outlook for their firms. The fixed investment index scored 128 currently, down from 132 in 2Q2014, with 39% of the respondents planning to increase such spending soon, down from 44% last quarter. Profitability and revenue are also expected to slow down in the coming months, with 44% and 54% of the CEOs, respectively, expecting to do better then, down from 46% and 58% in 2Q2014, respectively. Hirings are likely to take a slight breather as well. The expected employment index declined from 137 in 2Q2014 to 135 in 3Q2014, with 42% of the respondents planning to expand their workforce soon, down from 45% in 2Q2014.
TOP WISH-LIST ITEMS FOR BUDGET 2015 In line with Budget 2015 which will be announced in October 2014, CEOs suggested the following wish-list items for the Budget, with most calling for a reduction in corporate and personal income taxes. Other reductions were also proposed for car prices and import duties, interest on business loans, size of the civil service sector, house prices, real property gains tax, base lending rate, medical fees, toll rates, petrol and electricity rates. There were also suggestions to focus on crime prevention, combat and prevent corruption, improve the education system, and remove the Approved Permits (AP) and Goods and Services Tax (GST).
CEOs also thought that there should be more incentives for information technology (IT) businesses, healthcare and education industries, and small and medium enterprises (SMEs); more subsidies for the middle-income group; higher tax allowance for contributions to the Employees’ Provident Fund (EPF) and insurance by income; higher tax rebates for housing loan interest and industrial products; and higher duty on cigarettes and liquor.
54% of all CEOs expected an increase in revenue, down from 58% in 2Q2014 and 63% in 3Q2013.
44% of CEOs expected higher profits, down from 46% in 2Q2014 and 55% in 3Q2013.
14% of CEOs have recently registered themselves for the Goods and Services Tax (GST).
61% of CEOs suggested that the cutting down of red tape be highlighted at the AEC to be chaired by Malaysia next year.
88% of CEOs opined that the CEO/ business owner is responsible for the functions of human resource.
78% of CEOs preferred personal referrals for recruitment of managers and other senior personnel.
68% of CEOs believed that the crime rate in Malaysia has increased.
78% of all CEOs were in favour of the Trans-Pacific Partnership Agreement (TPPA).
44% of CEOs read 1-3 book(s) a year.
VISTAGE-MIER CEO Confidence Index Highlights
CEO Confidence Index
Surveying CEOs, Executives of small to mid-sized businesses since 2003
Please score the following statements on a scale of 1 –10 (1 being poor & 10 being excellent) based on your personal experience and perception working in the company. Please be frank and you do not need to pen down your name. 1. MEANINGFUL AND CHALLENGING WORK
Provides challenging work that brings out the best in you and/or people. Truly view people as the most valuable assets.
Committed to continuously developing you and your people – employees are given opportunity to learn and build new skills and add value to the company.
2. FAIRNESS
People are treated fairly. No double standards.
Employees feel and believe that the company is objective and impartial in addressing any complaints or grievance. 3. TRUST
Mutual trust between employees and the employer/their managers.
Management show trust by giving performers more responsibility and authority as their level of experience and skills increases. 4. RISK-TAKING
Allow employees to take a reasonable amount of risk in their areas of responsibility.
Reward those who stick out their necks and succeed. 5. REWARDING
Salaries and related benefits are generally at par with or above industry norm.
Recognition of good/excellent performance by giving commensurating rewards. 6. RESPECT FOR THE INDIVIDUAL
Management practises policy of respect for individuals as humans with different skills and experience.
Care about how employees feel about their work and themselves. Careful not to reprimand individuals in front of others, especially their subordinates.
7. POLITICALLY STABLE
Management discourages company politics. At least, the level of company politics here is lower than other companies that I know or had worked with.
Employees are encouraged to speak out without fear or favour. 8. FRIENDLY WORKING ATMOSPHERE
Promotes cooperation – people help one another and feel comfortable in each other’s company.
Good communication and people are well informed of changes. Employees are given enough information about their jobs and the company. 9. VISION AND GOALS
Everyone knows and is committed to the company’s goals and values.
Organisation systems and structures are consistent with and support the vision and goals of the company.
management, MBO, ISO, KPI, inventory, logistics and
someengineeringmatters.Dr Law (2nd R) at the Initial Chair Training I
6VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
Growing a company from infancy to prime is a challenging task for every CEo. MediaBanc founder, Alan Lim led the home-grown Malaysia media monitoring company to this benchmark with a holistic approach of heart and mind.Founder of MediaBanc and VCE-1 Member, Alan
Lim worked hard to grow his home-grown media
monitoringbusiness.Successcamewhenhemanaged
to combine a unique corporate culture with a tested
a sense of belonging andpride, plus ownership of the
company,”Alanasserts.
Besides building the right culture, Alan displayed
greatbusinessacumenindevelopingthecompany,stage
by stage, from infant to its currentprimeposition, and
gettingtherightcorporateguidance.
In the early stages, the excitement of a growing
clienteleinsixcountriesandadvancesintechnologyfor
media monitoring proved exhilarating. However, Alan
reveals that he became anxious when the company’s
fortunestartedtobecomeerraticaftertheinitialgung-
hoperiod.
“Ifeltlostrunningthecompany,itwasgrowingand
alsoslidingback.Iwantedtoknowhowtogetitright,”
he recalls. He began searching for external assistance
intermsofcorporateadvice. Itwasatthistimethathis
friend,AndrewChen,CEOofFellaDesignintroducedhim
toVistageandChairHeahKokSoon.
After attending one meeting, Alan decided to join
Vistagein2007ashewasgreatlyimpressedwithHeah’s
mentorship and coaching skills. Besides the one-to-
one sessions with Alan, Heah also gave organisational
development training to MediaBanc’s top executives.
To Alan, the most valuable learning from Vistage was
introduction to theAdizes system.Hebelieves that the
AdizesMethodologywasthe‘howto’thathewaslooking
for to solve business problems and propel systematic
CEo AChIEVEMENTS
“... his team has been using the Potential Improvement Points (pips) cards under the Adizes Methodology to iron out problems and it has “worked wonders” for the company.”
growthforhiscompany.“IrealisedthatMediabancwas
inago-gostagebutwehadnosystem,nostructure,no
S.O.P.togrow,”heexplains.
AlansaysthattheVCE-1groupmembers,Heahand
theAdizesprocessguidedgrowth-“Itmadeithappen”.
HeelaboratesthathisteamhasbeenusingthePotential
Improvement Points (PIPs) cards under the Adizes
Methodology to iron out problems and it has “worked
wonders” for the company. The results could be seen.
“We had less problems, happier employees and more
business,” he discloses. Somuch so, the company was
readyforanIPOtocreatemorevalue.Buttheopportunity
foramergerpresenteditself.
MediaBancwentintoamergerwithMediaMonitors,
anAustraliancompany in thesamebusinesswithmain
marketsinAustralia,NewZealandandGreaterChina.The
merger commenced in November 2011 with Alan and
partners selling their stakes. Both companies dropped
the word “media” from their names and took a new
identity called iSentia. The iSentia Groupwas listed on
theAustralianstockexchangeinJune2014.
AlanexplainsthatundertheAdizessystem,acompany
reaches“Prime”whenthereismaturityandsystems,and
thegrowthof thecompany isno longerdependenton
its founder. He is therefore happy to let go andmove
on.Hewill be leaving iSentia at the endof September
2014.Heistakingoneyearoff,tospendmoretimewith
his family andponderonwhathewants todonext. It
will not be total retirement. Alan says hewill continue
Richard Wong (L) Lew Jin Aun (R) Heah Kok Soon (R)
Simon Soh (L) Lim Kah Hooi (L)
oUTSTANdiNG ENTrEprENEUrVCE-16 Member Lau Bik Soon, Group CEO of
REDtone Telecommunications Sdn Bhd received the
OutstandingEntrepreneurshipAwardattheAsiaPacific
Entrepreneurship Awards 2014. This is an award to
recognize individuals who have shown outstanding
effort,perseveranceandgrowthintheirbusiness.
Lau Bik Soon with the prestigious Entrepreneurship Award
9VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
AWArDS
PrEstIgE toP 40 UndEr 40 awardPrestige Top 40under 40was created in 2005 by RHB
BanktosaluteyoungdynamicMalaysiansbelowtheage
of 40 who have demonstrated vision, determination,
persistence, excellence and achieved success in their
chosenfield.The2013PrestigeTop40under40Award
Gala was awarded to Vistage Members, Goh Xin Yuen
(VCE-26),ExecutiveDirectorofRovskiSdnBhdandKent
Chua (VEE-13), co-founder and director of The Beer
Factory™.
yAmAhA mAlAySiA AWArdSS.E.Printing(M)SdnBhdcovetedtwoawardsfromYamaha
MalaysiaforBestPerformanceVendor(MechanicalParts)
and Value Engineering Achievement on 22May 2014.
JCGoh,ManagingDirectorofS.E.Printing (M)SdnBhd
andVistageMember(VCE-18)receivedtheawardsfrom
YamahaMalaysiaManagingDirector,KiyoSuzuki.
rEAChiNG oNE YEar - VEE-20 mEmBErS Four members in VEE-20,
Lee Tiong Do, Danny Kong,
Danny Ng and Fina Leong
received their one-year
awards from Chair Ravi
MoorthyinJune2014.
Danny NgManaging Director Green Dragon Wood Products (M) Sdn Bhd
Fina LeongDirectorPower Woosh Sdn Bhd
Lee Tiong DoManaging Directori-Chem Solution Sdn Bhd
Danny KongDirectorAQM Creative & Communication Sdn Bhd
Goh Xin Yuen Kent Chua
JC Goh, second right receiving the Yamaha Malaysia Award
FIVE-YEar MEMbErshIP awardMs. Alice Lee, VCE-26 Member, received her 5-year
MembershipAwardfromChairCKChan.ShewasinVEE-
13,priortojoiningthecurrentgroup.Ms.LeeistheSales
DirectorofRicoh(Malaysia)Sdn.Bhd.Alice Lee receiving her award
from Chair CK Chan
10VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
ANNoUNCEMENTS
CREATIVE INNOVATIVE THINKING BEYOND
A J O U R N E Y O F C H A N G ETRANSFORMATION
7 November 2014, FridaySunway Resort Hotel & Spa
Petaling Jaya, Selangor, Malaysia
VISTAGE CEO SUMMIT
Registration & Breakfast
Welcoming Remarks by Richard C.M. WongChairman & Chief Listener, Vistage Malaysia
Speaker:Topic:
Break
Speaker:
Topic:
Lunch
Presentation of Awards
Keynote Address by Y.B. Datuk Paul Low Seng KuanMinister in the Prime Minister's Department, Governance & Integrity
Break
Panel Session: “RETAINING TALENT TO STAY AHEAD OF THE COMPETITION”
CEO Panel:
Fellowship and Cocktail
Eduardo Garza T. Junco, CEO, Frisa Industries, MexicoL.C. Chin, Managing Director, Jabil Circuit Sdn Bhd, Malaysia Lim Chin Han, Managing Director, Towers Watson, Malaysia
Douglas Abrams, Founder & CEO, Expara SingaporeChairman of BANSEA (Business Angel Network of S.E.A.) “THE NEW WAVE OF SCALABLE ENTREPRENEURSHIP IN S.E.A.”
Eduardo Garza T. Junco, CEO, Frisa Industries, Mexico“HOW FRISA HAS TRANSFORMED ITS BUSINESS”
VISTAGE MALAYSIA SDN BHD (296405-U)5 Jalan 4/83A, Off Jalan Pantai Baru, 59200 Kuala Lumpur, Wilayah Persekutuan, MalaysiaTel: 603-2284 2126 / 2284 2176 Email: [email protected] www.vistage.com.my
8.00am - 9.00am
9.15am - 9.30am
9.30am - 11.00am
11.00am - 11.30am
11.30am - 1.00pm
1.00pm - 2.30pm
2.30pm - 3.00pm
3.00pm - 4.30pm
4.30pm - 5.00pm
5.00pm - 6.30pm
6.30pm - 8.00pm
VIstagE CEo sUMMIt 2014The 2014 Vistage CEO SuMMIT carrying the theme
“Transformation” will be held on 7 November 2014 at
theSunwayResortHotel&Spa.Two renowned foreign
guestspeakersarefeatured.EduardoGarza,CEOofFrisa
Industries,Mexicowill speak on his company’s success
story while Douglas Abrams, Chairman of BANSEAwill
delveonthenewwaveofscaleableentrepreneurshipin
SoutheastAsia.
Y.B. SENATOR DATUK PAUL LOW SENG KUANMinister in the Prime Minister’s Department
Y.B. Senator Datuk Paul Low Seng Kuan currently serves as Minister in the Prime Minister’s Department in charge of Governance, Integrity and Human Rights.
His portfolio involves collaborating with relevant stakeholders including Federal Ministries and State Governments to promote good governance practice and strengthening of transparency and account-ability.
positions from Engineering, Business Units, Operations and Managing Director for one of the largest EMS in Penang that has more than 7,000 employees. He is recently manag-ing the M&A in Asia and responsible for integrations and M&A activities. LC earned his Electronics Engineering degree from the University of North Carolina and is a member of The Engineering Council (UK) and Society of Engineers (UK). He has been a Vistage member of VCE-16 since 2009.
LC Chin has over 25 years of accumu-lated experience in the electronics industry especially in Electronics Manufacturing Services (EMS) from MNC. He has held numerous key
L. C. CHINManaging DirectorJabil Circuit Sdn Bhd
Douglas Abrams is the founder and CEO of Expara, Singapore’s leading incubator. He has launched two seed stage (Expara IDM Ventures I and II) and one early-stage venture fund (Extream Ventures) in Singapore since 2007. He is currently the Chairman of the Business Angel Network of Southeast Asia (BANSEA) and has been a Director since 2002. He was a founding partner of Parallax Capital Manage-ment, a Singapore-based funds management company in 2000.
Prior to coming to Singapore, Douglas Abrams managed information technology at J.P. Morgan for 14 years. He is an Adjunct Associate Professor at the National University of Singapore’s Business School where he lectures on New Venture Creation for undergraduates and post-grads.
He is also a Visiting Professor in Entrepreneurship for the Sasin Graduate Institute of Business Administration at Chulalong-korn University in Bangkok.
He graduated from the Annenberg School, University of Pennsylvania with a BA in Communications and received an MBA from The Wharton School.
DOUGLAS ABRAMSFounder & CEO, Expara SingaporeChairman of BANSEA (Business Angel Network of S.E.A.)
EDUARDO GARZA T. JUNCO
Frisa Industries, Mexico
Ingeniero Industrial – Universidad Carnegie Mellon, Pittsburgh, PensilvaniaMaestría en Administración de Empresas – Universidad de Harvard, Boston, MasachusetsPresidente del Cluster de la Industria Aeronáutica del Estado de Nuevo LeonLaborado en diversos puestos dentro de Frisa Industrias desde 1996Director General de Frisa Industrias desde 2011
Eduardo Garza T. Junco, born in Monterrey, Mexico. He holds a Master in Science with Double Major in Industrial Manage-ment and Economics from Carnegie Mellon University with an MBA from Harvard Business School. He has worked in Frisa since 1996 in diverse roles in Operations, Information Systems and General Management. He became Managing Director of Frisa Aerospace in 2005 and became Frisa Industrias CEO in January 2011. He has as been a Board Member of the Forging Industry Association in the USA. He presided on the Board of the Monterrey Aerospace Cluster. He currently is a Board member of CAINTRA (State Industrial Chamber) and President of the Board of CAINTRA´s CVT (Center for Technological Development).
Moderator:SUNIL DOVEDY
Adizes Principal AssociatePresident, Adizes Institute, Professional Services, USA
I extend a warm invitation to you to join Vistage Malaysia at its 2014 Vistage CEO Summit with the theme,“TRANSFORMATION – A Journey of Change”.
RICHARD C.M. WONGChairman & Chief ListenerVistage Malaysia Sdn Bhd
He is the immediate past President of Transparency International Malaysia, had served as Vice President of the Federation of Malaysian Manufacturers (FMM), and was the President of FMM from 1997 to 1999.
He was involved in the glass manufacturing and automotive industries for more than 35 years, and was the Managing Director of Malaysian Sheet Glass Sdn Bhd until his retirement in March 2010. Datuk Low also sat on the boards of Sunway Berhad and Pos Malaysia Berhad up until his recent appointment as a Minister.
He had served on several key agencies of the Malaysian Government, some of which are the National Economic Action Council (NEAC), Malaysian Industrial Development Authority (MIDA), Malaysian Institute of Economic Research (MIER), and Malaysian Services Development Council (MSDC). He was also involved actively in international multilateral organizations including APEC, WTO, ASEAN and chaired the Private Sector Taskforce on Free Trade Arrangement.
On April 1, 2011 he was appointed Deputy Chairman and a Commissioner of the Enforcement Agency Integrity Organisa-tion (EAIC).
Datuk Low is a chartered accountant by profession and graduated from the Royal Melbourne Institute of Technology (RMIT), Melbourne.
Chin Han has over 19 years of consulting experience across government, economic
services, consumer products, pharmaceuti-cals, oil & gas, manufacturing, telcos and
LIM CHIN HANManaging DirectorTowers Watson, Malaysia
services. His main expertise include strategic and tactical HR interventions, leadership assessments, M&A integrations and change implementations. Towers Watson in Malaysia, with HQ in New York, is a leading global professional services company helping organisations improve performance
Chin Han is a graduate of the London School of Economics with a BSc in Actuarial Science and is a member of the Institute of Actuaries UK April 2014.
As an Adizes Principal Associate, he helps organizations unlock their latent potential and thrive.
Y.B. SENATOR DATUK PAUL LOW SENG KUANMinister in the Prime Minister’s Department
Y.B. Senator Datuk Paul Low Seng Kuan currently serves as Minister in the Prime Minister’s Department in charge of Governance, Integrity and Human Rights.
His portfolio involves collaborating with relevant stakeholders including Federal Ministries and State Governments to promote good governance practice and strengthening of transparency and account-ability.
positions from Engineering, Business Units, Operations and Managing Director for one of the largest EMS in Penang that has more than 7,000 employees. He is recently manag-ing the M&A in Asia and responsible for integrations and M&A activities. LC earned his Electronics Engineering degree from the University of North Carolina and is a member of The Engineering Council (UK) and Society of Engineers (UK). He has been a Vistage member of VCE-16 since 2009.
LC Chin has over 25 years of accumu-lated experience in the electronics industry especially in Electronics Manufacturing Services (EMS) from MNC. He has held numerous key
L. C. CHINManaging DirectorJabil Circuit Sdn Bhd
Douglas Abrams is the founder and CEO of Expara, Singapore’s leading incubator. He has launched two seed stage (Expara IDM Ventures I and II) and one early-stage venture fund (Extream Ventures) in Singapore since 2007. He is currently the Chairman of the Business Angel Network of Southeast Asia (BANSEA) and has been a Director since 2002. He was a founding partner of Parallax Capital Manage-ment, a Singapore-based funds management company in 2000.
Prior to coming to Singapore, Douglas Abrams managed information technology at J.P. Morgan for 14 years. He is an Adjunct Associate Professor at the National University of Singapore’s Business School where he lectures on New Venture Creation for undergraduates and post-grads.
He is also a Visiting Professor in Entrepreneurship for the Sasin Graduate Institute of Business Administration at Chulalong-korn University in Bangkok.
He graduated from the Annenberg School, University of Pennsylvania with a BA in Communications and received an MBA from The Wharton School.
DOUGLAS ABRAMSFounder & CEO, Expara SingaporeChairman of BANSEA (Business Angel Network of S.E.A.)
EDUARDO GARZA T. JUNCO
Frisa Industries, Mexico
Ingeniero Industrial – Universidad Carnegie Mellon, Pittsburgh, PensilvaniaMaestría en Administración de Empresas – Universidad de Harvard, Boston, MasachusetsPresidente del Cluster de la Industria Aeronáutica del Estado de Nuevo LeonLaborado en diversos puestos dentro de Frisa Industrias desde 1996Director General de Frisa Industrias desde 2011
Eduardo Garza T. Junco, born in Monterrey, Mexico. He holds a Master in Science with Double Major in Industrial Manage-ment and Economics from Carnegie Mellon University with an MBA from Harvard Business School. He has worked in Frisa since 1996 in diverse roles in Operations, Information Systems and General Management. He became Managing Director of Frisa Aerospace in 2005 and became Frisa Industrias CEO in January 2011. He has as been a Board Member of the Forging Industry Association in the USA. He presided on the Board of the Monterrey Aerospace Cluster. He currently is a Board member of CAINTRA (State Industrial Chamber) and President of the Board of CAINTRA´s CVT (Center for Technological Development).
Moderator:SUNIL DOVEDY
Adizes Principal AssociatePresident, Adizes Institute, Professional Services, USA
I extend a warm invitation to you to join Vistage Malaysia at its 2014 Vistage CEO Summit with the theme,“TRANSFORMATION – A Journey of Change”.
RICHARD C.M. WONGChairman & Chief ListenerVistage Malaysia Sdn Bhd
He is the immediate past President of Transparency International Malaysia, had served as Vice President of the Federation of Malaysian Manufacturers (FMM), and was the President of FMM from 1997 to 1999.
He was involved in the glass manufacturing and automotive industries for more than 35 years, and was the Managing Director of Malaysian Sheet Glass Sdn Bhd until his retirement in March 2010. Datuk Low also sat on the boards of Sunway Berhad and Pos Malaysia Berhad up until his recent appointment as a Minister.
He had served on several key agencies of the Malaysian Government, some of which are the National Economic Action Council (NEAC), Malaysian Industrial Development Authority (MIDA), Malaysian Institute of Economic Research (MIER), and Malaysian Services Development Council (MSDC). He was also involved actively in international multilateral organizations including APEC, WTO, ASEAN and chaired the Private Sector Taskforce on Free Trade Arrangement.
On April 1, 2011 he was appointed Deputy Chairman and a Commissioner of the Enforcement Agency Integrity Organisa-tion (EAIC).
Datuk Low is a chartered accountant by profession and graduated from the Royal Melbourne Institute of Technology (RMIT), Melbourne.
Chin Han has over 19 years of consulting experience across government, economic
services, consumer products, pharmaceuti-cals, oil & gas, manufacturing, telcos and
LIM CHIN HANManaging DirectorTowers Watson, Malaysia
services. His main expertise include strategic and tactical HR interventions, leadership assessments, M&A integrations and change implementations. Towers Watson in Malaysia, with HQ in New York, is a leading global professional services company helping organisations improve performance
Chin Han is a graduate of the London School of Economics with a BSc in Actuarial Science and is a member of the Institute of Actuaries UK April 2014.
As an Adizes Principal Associate, he helps organizations unlock their latent potential and thrive.
EDuARDOGARZAT.JuNCO
ChiefExecutiveOfficer
FrisaIndustries,Mexico
DOuGLASABRAMS
Founder&CEO,ExparaSingapore
ChairmanofBANSEA(BusinessAngel
NetworkofS.E.A.)
11VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
ANNoUNCEMENTS
ViSTAGE Golf ChallEngE 2014 TypesofSponsorship:
A. Cash(i) Platinum(≥RM30K)
Gold(RM10≤RM20K)
Silver(<RM10K)
(ii) Anyotheramountsare
alsowelcomed.
B. In-kind (e.g)
VISTAGE GOLF CHALLENGE 2014
VENUE : GLENMARIE GOLF & COUNTRY CLUB (GGCC) GARDEN COURSE
DATE : 6 NOVEMBER 2014 (THURSDAY)
TEE OFF : 8.00AM
FEE : RM300.00 PER PERSON
INCLUDES : GOODIE BAG. BREAKFAST. LUNCH. BEVERAGES.
GREEN FEE. BUGGY. CADDY. INSURANCE.
FORMAT: SYSTEM 36 STABLEFORD
* RSVP IMMEDIATELY. PAYMENT TO BE MADE BY 30 SEPT 2014
at the Spritzer factory and a boot camp, followed by
an educational tour of the famous charcoal factory in
Kuala Sepetang. InMarch,membershadan interesting
resourcesessionchairedbyDwightFrindt.LaterinJune,
the group had a meeting hosted at the Jump Street
TrampolineCentrewhichincludedonehourofjumping
afterthemeeting.
16VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
SPoTLIGhT
Boh Boon Chiang, Group Coo, Khind holdings Berhad (VCE-1 Member since 2013)
Quah Teik Jin, Group Managing Director, TfP Solutions Berhad (VCE-27 Member since 2013)
Armand Mikayal Abdullah, CEo, Melorita Consultants Sdn Bhd (VEE-12 Member since 2009))
Tiki Keh, Executive Director, Stop hunger Now Charitable Association (VCE-18 Member since 2013)
Dato’ Adissadikin Ali, CEo, Export-Import Bank of Malaysia Berhad (VCE-19 Member since 2012)
Looi Kok Loon, Managing Director, MBM resources Berhad (VCE-1 Member since 2007)
Adelaine foo, CEo, The otomotif College Sdn Bhd (VCE-26 Member since 2013)
Cheah Yong hock, CEo, Asia Brands Berhad (VCE-16 Member since 2009)
17VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
SPoTLIGhT
Special Feature
28 Building & Investment | www.b-i.biz
SINCE ITS INCEPTION in 1996, Inovar Malaysia has come a long way
in carving a niche for itself, pioneering in the manufacture of premier
water-resistant laminate flooring in Asia. In the ensuing years, it has
established its presence in the regional markets and earned a host of
accolades that include BrandLaureate Asia Pacific Award for Best Brand
in Laminate Flooring (2007-2011 and 2012) and the No. 1 Brand in
Japan (by market share). Headquartered in Petaling Jaya, it now has
an established presence in the regional markets, served by its state-of-
the-art production plant in Bestari Jaya, Selangor, fully-equipped with
the latest German technology,
Totally committed to its Corporate Green Policy to reuse,
reduce and recycle, Inovar Malaysia uses sustainable resources for
raw materials in order to minimise the long-term impact on the
environment. Without compromising on product quality and/or
customer preference/taste, innovation is Inovar Malaysia’s forte – for
instance, it is the first company to develop the Super E “O” series of
laminate flooring for the Japanese market. Quote recently, Inovar has
been making news again with new developments in laminate flooring,
and more, which, for B&I, was an opportune occasion to catch up with
Executive Director, Mr Jason Tan (JT) for the latest on Inovar Malaysia.
Pioneer and Innovator in Laminate FlooringB & I chat with Mr Jason Tan, Executive Director of Inovar Malaysia
for updates on their latest innovations and plans for the future.
B & I: Firstly, our belated congratulations on Inovar’s 15th Anniversary. Looking back, what has been some of the landmark events in Inovar’s history, in summary?
JT: Actually, our 15th anniversary was three years ago, now we are
already 18 with two more years to go to our 20th anniversary. We are
planning some kind of celebration, more promotion regionally – we
already have nine offices under our management in Thailand, Vietnam,
Indonesia, Singapore, Cambodia, Australia, India and Taiwan. We are
looking to open two more to make up the whole ASEAN region, i.e.,
Myanmar and the Philippines and have been talking to partners there.
We are looking at a minimum 70% participation from us, majority
share. They are managing but we are financing them, like in Malaysia.
In our 18 years journey, branding is one of our key focus area, and
I believe that today in this region, Inovar brand is well recognised as
quality flooring. The other is that our production has also grown and
for the past few years we have always achieved full capacity; even so,
we constantly have two months of order book to cope. We can do up
to 4.0 million sq ft per month based on one Malaysian plant - we do
not have another outside the country. In this kind of business where
Bradley Mulroney, CEo, Lafarge Malayan Cement Berhad (VCE-19 Member since 2013)
Chin Jit Sin, Managing Director, New hoong fatt holdings Berhad (VCE-8 Member since 2005)
Ngei Chee Chau, Managing Director, feruni Ceramiche Sdn Bhd (VCE-22 Member since 2009)
Jason Tan Chwee Keat, Executive Director, Inovar Contracts Sdn Bhd (VCE-26 Member since 2011)
Lau Bik Soon, CEo, redtone Telecommunications Sdn Bhd (VCE-16 Member since 2008)
PJ Lim, Managing Director, Scientex Berhad (VCE-16 Member since 2004)
Pn Sri Datin Seri Susan Cheah, Executive Director, Sunway Management Sdn Bhd (VTA-1 Member since 1995)
Tham Ying hoong, Managing Director, Tupperware Brands Malaysia Sdn Bhd (VCE-27 Member since 2013)
richard Wong, Chairman & Chief Listener,Vistage Malaysia Sdn Bhd(current President MBAN 2014/2015)quoted in various media on angel investment
18VISTAGE MALAYSIA NEWS • MAY - AUGUST 2014
VISTAGE-MIEr CEo CoNfIDENCE INDEX
CoNfidENCE dipS agaIn In 3Q 2014According to the Vistage-MIER CEO
Confidence Index survey, CEOs are
expectingaflattosofteconomyinthe
comingmonths.There ispessimism in
thenear-termoutlookforrevenueand
profitability.
In line with Budget 2015 which
will be announced in October 2014,
CEOs suggested the following wish-
list items:- reduction in corporate
and personal income taxes. Other
reductionswerealsoproposedforcar
prices and importduties, interest on
businessloans,sizeofthecivilservice
sector, house prices, real property
gains tax,base lending rate,medical
fees, toll rates, petrol and electricity
rates.
For the full report, please visit the
link http://www.vistage.com.my/ceo-
confidence-index/
Private advisory boards for CEOs, executives and business owners. 3Q 2014 | Aug 2014 | Malaysia
CONFIDENCE SLIPS AGAIN CEOs were increasingly more concerned about the economy and the prospects of their firms lately than they did a quarter ago. Reflecting this is the Vistage-MIER CEO Confidence Index which slipped further below the 100-point demarcation level of confidence in 3Q2014.
The perception of CEOs was of a rather flattish to softening economy. 55% of the 397 respondents opined that the overall economic conditions in Malaysia have remained the same over the year, but 8% saw an improvement (down from 10% in 2Q2014), while 37% responded negatively. Going forward, four-in-ten of the CEOs expect a worsening of the economy in the next twelve months, up from 34% a quarter ago. Those who foresee otherwise totaled 15%, up three percentage points from 2Q2014.
CEO pessimism is also reflected in their near-term outlook for their firms. The fixed investment index scored 128 currently, down from 132 in 2Q2014, with 39% of the respondents planning to increase such spending soon, down from 44% last quarter. Profitability and revenue are also expected to slow down in the coming months, with 44% and 54% of the CEOs, respectively, expecting to do better then, down from 46% and 58% in 2Q2014, respectively. Hirings are likely to take a slight breather as well. The expected employment index declined from 137 in 2Q2014 to 135 in 3Q2014, with 42% of the respondents planning to expand their workforce soon, down from 45% in 2Q2014.
TOP WISH-LIST ITEMS FOR BUDGET 2015 In line with Budget 2015 which will be announced in October 2014, CEOs suggested the following wish-list items for the Budget, with most calling for a reduction in corporate and personal income taxes. Other reductions were also proposed for car prices and import duties, interest on business loans, size of the civil service sector, house prices, real property gains tax, base lending rate, medical fees, toll rates, petrol and electricity rates. There were also suggestions to focus on crime prevention, combat and prevent corruption, improve the education system, and remove the Approved Permits (AP) and Goods and Services Tax (GST).
CEOs also thought that there should be more incentives for information technology (IT) businesses, healthcare and education industries, and small and medium enterprises (SMEs); more subsidies for the middle-income group; higher tax allowance for contributions to the Employees’ Provident Fund (EPF) and insurance by income; higher tax rebates for housing loan interest and industrial products; and higher duty on cigarettes and liquor.
54% of all CEOs expected an increase in revenue, down from 58% in 2Q2014 and 63% in 3Q2013.
44% of CEOs expected higher profits, down from 46% in 2Q2014 and 55% in 3Q2013.
14% of CEOs have recently registered themselves for the Goods and Services Tax (GST).
61% of CEOs suggested that the cutting down of red tape be highlighted at the AEC to be chaired by Malaysia next year.
88% of CEOs opined that the CEO/ business owner is responsible for the functions of human resource.
78% of CEOs preferred personal referrals for recruitment of managers and other senior personnel.
68% of CEOs believed that the crime rate in Malaysia has increased.
78% of all CEOs were in favour of the Trans-Pacific Partnership Agreement (TPPA).
44% of CEOs read 1-3 book(s) a year.
VISTAGE-MIER CEO Confidence Index Highlights
CEO Confidence Index
Surveying CEOs, Executives of small to mid-sized businesses since 2003
