JUNE 2011 EDITION www.asli.com.my

~ JUNE HIGHLIGHTS ~

CEO’s Message Dear Friend, Time flies and we are now almost at the half way mark of the year. During these past few months we have put together several international programmes such as The World Women Economic Forum, The World Chinese Economic Forum and the Asia Economic Summit. We have also successfully organised the Axiata 8th ASEAN Leadership Forum in Jakarta and the Malaysian Banking Summit. ASLI also hopes to be in the forefront of driving the development of social enterprises in Malaysia and we are glad to announce the establishment of a Centre for Social Enterprise with Mr Wan Saiful as its Director. In ASLI's Memorandum recently to the Ministry of Finance for Budget 2012 we called for social transformation and social innovation as part of National Transformation Agenda. ASLI hopes to be able to contribute to public policy debate and strategic thinking through our Roundtables, Summits and Conferences. We hope to welcome you to some of our coming events. Thank you and best wishes With best wishes Michael Yeoh CEO

RECENT EVENTS

Axiata 8th ASEAN Leadership Forum In conjunction with the 18th ASEAN Summit that was held in Jakarta on 7th and 8th May 2011, ASLI together with the ASEAN Secretariat and the Indonesian Chamber of Commerce and Industry (KADIN) had organized the Axiata 8th ASEAN Leadership Forum on 8-9 May 2011 at Hotel Nikko Jakarta. The ASEAN Leadership Forum is an annual event that ASLI initiated and organised every year to focus on the Leadership challenges and key issues facing ASEAN each year. The Forum brought together Government, Business, Thought Leaders as well as Leaders from Think Tanks and Civil Society so all the three key sectors - the Government, Private sector and Civil Society are represented. The Keynote Speakers at the Forum included H.E. Dr. H. Susilo Bambang Yudhoyono, President of the Republic of Indonesia represented by H.E. Dr Boediono, Vice President of the Republic of Indonesia; H.E. Dato Sri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia; and H.E. Samdech Hun Sen, Prime Minister of the Kingdom of Cambodia represented by H.E. Cham Prasidh, Senior Minister & Minister of Trade, Kingdom of Cambodia. Among the speakers presented at the Forum were H.E. S. Pushpanathan, Deputy Secretary-General of ASEAN for ASEAN Economic Community; Mr. Rajiv Biswas, Senior Director & Asia Pacific Chief Economist, IHS Global Insight; Mr. Joseph Tan, Director / Asian Chief Economist, Credit Suisse Singapore; H.E. Ong Keng Yong, Former ASEAN Secretary-General and Ambassador-at-Large, Singapore; H.E. Bambang Susantono, Vice-Minister for Transportation Indonesia and Member, High Level Task Force on ASEAN Connectivity; Ambassador Pradap Pibulsonggram, Thailand’s Representative to the ASEAN High Level Task Force on Connectivity, Mr. Hidetoshi Nishimura, Executive Director, Economic Research Institute for ASEAN & East Asia, Mr. V. Raman Narayanan, Regional Head, Asean Affairs, AirAsia Berhad, Malaysia; Datuk Lim Sue Beng, Managing Director, Strait of Malacca Partners Sdn Bhd, Malaysia; Mr. Anindya Novyan Bakrie, President Commissioner, PT Bakrie Connectivity, Jakarta; Mr. Hasnul Suhaimi, President Director, PT XL Axiata Tbk (XL), Indonesia; Mr. Kamran Khan, Program Director, World Bank Singapore Hub; Dato’ Mohamed Iqbal Rawther, Vice President, ASEAN Business Forum / Chairman, Malaysian Institute of Management; Mr. Ernest Bower, Senior Adviser & Director, Southeast Asia Program, Center for Strategic & International Studies (CSIS), Washington DC, USA; Mr. Suryo B. Sulisto, Chairman, Indonesian Chamber of Commerce & Industry (KADIN); Mr. Darwin Silalahi, Country Chairman & President Director, PT Shell Indonesia, Mr. Swarup Roy, Founder & Chairman, ASEANAFFAIRS Bangkok; Mrs. Pipah Mohd Nasir, General Manager, Business Development, Setia Haruman Sdn Bhd; Mr. Azli Mohamed, Market Development Director, GE Malaysia; Mr. Tanri Abeng, Chairman, Globe Media Group / Founder, Tanri Abeng University and former Minister of State Owned Enterprises; Mr. Airlangga Hartarto, Member of Parliament, Indonesian House of Parliament; Tunku Abidin Muhriz, President, Institute for Democracy & Economic Affairs (IDEAS), Malaysia; Prof. Chayodom Sabhasri, Associate Professor of Economics / Director, Interdisciplinary Department of European Studies, Chulalongkorn University, Thailand; H.E. Imee R. Marcos, Governor, Province of IIocos Norte, Philippines; Mr. John Pang, Chief Executive Officer, CIMB Asean Research Institute; Mr. Karim Raslan, Regional Columnist / Director, KRA Group, Indonesia; Ms. Ng Yeen Seen, Director, Centre for Public Policy Studies, ASLI, Malaysia; and Mr. Masahiro Kawai, Dean of Asian Development Bank Institute, Tokyo, Japan The two-day Forum was sponsored by Axiata as the Title Sponsor; Maybank as the Banquet Host as well as other Corporate Sponsors such as Farlim Holding Sdn Bhd, Kuala Lumpur Kepong Berhad, Permodalan Nasional Berhad, PT Proton Edar Indonesia, Setia Haruman Sdn Bhd, Sime Darby Berhad and Strait of Malacca Partners. The Preferred Airline Partner is Air Asia.

From left: Mr. Suryo B. Sulisto, Chairman, Indonesian Chamber of Commerce & Industry (KADIN); YAB. Dato’ Sr Najib, Prime Minister of Malaysia; H.E. Dr. Boediono, Vice-President of the Republic of Indonesia; Dato’ Abdul Wahid Omar, President, Maybank; Dato’ Michael Yeoh, Chairman, Organising Committee and CEO of ASL/ ; Dato’ Sri Jamaludin Ibrahim, Managing Director / President & Group CEO, Axiata Group Berhad; Mr Aburizal Bakrie, Chairman, 8th ASEAN Leadership Forum

From left: H.E. Cham Prasidh, Senior Minister & Minister of Trade of the Kingdom of Cambodia; H.E. Dr. Surin Pitsuwan, ASEAN Secretary-General; Mr Mirzan Mahathir, President of ASLI and Dato’ Sri Jamaludin Ibrahim, Managing Director / President & Group CEO, Axiata Group Berhad

The panel speakers for session on ASEAN Connectivity. From left:- Mr. Kamran Khan, Program Director, World Bank Singapore Hub; Mr. Anindya Novyan Bakrie, President Commissioner, PT Bakrie Connectivity, Jakarta; Ambassador Pradap Pibulsonggram, Thailand’s Representative to the ASEAN High Level Task Force on Connectivity; H.E. Bambang Susantono, Vice-Minister for Transportation Indonesia and Member, High Level Task Force on ASEAN Connectivity; Dato’ Mohamed Iqbal Rawther, Vice President, ASEAN Business Forum / Chairman, Malaysian Institute of Management; Mr. Hasnul Suhaimi, President Director, PT XL Axiata Tbk (XL), Indonesia; Mr. V. Raman Narayanan, Regional Head, Asean Affairs, AirAsia Berhad, Malaysia; Datuk Lim Sue Beng, Managing Director, Strait of Malacca Partners Sdn Bhd, Malaysia; and Mr. Hidetoshi Nishimura Executive Director, Economic Research Institute for ASEAN & East Asia

The panel speakers for session on Engaging with the Younger Leaders. From left:- Prof. Chayodom Sabhasri, Associate Professor of Economics / Director, Interdisciplinary Department of European Studies, Chulalongkorn University, Thailand; Mr. Airlangga Hartarto, Member of Parliament, Indonesian House of Parliament; Tunku Abidin Muhriz, President, Institute for Democracy & Economic Affairs (IDEAS), Malaysia; Ms. Ng Yeen Seen Director, Centre for Public Policy Studies, ASLI, Malaysia; H.E. Imee R. Marcos, Governor, Province of IIocos Norte, Philippines; Mr. John Pang, Chief Executive Officer, CIMB Asean Research Institute; and Mr. Karim Raslan, Regional Columnist / Director, KRA Group, Indonesia

15th Malaysian Banking Summit At ASLI’s 15th Malaysian Banking Summit, panelists deliberated at length over potential new growth areas unlocked by the ETP as well as industry outlook in the high income economy. The annual summit saw a convergence of leading industry practitioners and stakeholders at a platform that provided for meeting of like minds to exchange ideas, best practices and emerging industry trends from 19 to 20 May 2011 at the Kuala Lumpur Convention Centre. Over the course of the 2-day summit, discussions were covered key banking and finance segments such as Islamic finance & takaful, core banking systems, consumer banking, risk management, mass affluent market, payment eco-system and human capital innovation. The summit was officiated by the Second Finance Minister, Y.B. Dato’ Seri Haji Ahmad Husni Mohamad Hanadzlah. Rounding up the panel of distinguished role-players at the summit were Tan Sri Ramon V. Navaratnam, Chairman, Centre for Public Policy Studies and Former Deputy Secretary General, Ministry of Finance; Mr. Mukhtar Hussain, Global CEO, HSBC Amanah and Deputy Chairman & CEO, HSBC Bank Malaysia Berhad; Ms. Yvonne Chia, Group Managing Director & Chief Executive Officer, Hong Leong Bank Berhad; En. Badlisyah Abdul Ghani, Chief Executive Officer, CIMB Islamic Bank Berhad; Datuk Dr. Hamzah Kassim, Founder & Chief Executive Officer, The iA Group; Prof. Dato’ Dr. Mohd Azmi Omar, Pro Tem Chairman, Association for Islamic Finance Advancement (AIFA); En. Abdul Farid

Alias, Deputy President, Head Global Wholesale Banking, Maybank; Mr. Andrew Kerr, Chief Risk Officer, AmBank Group Berhad; Mr. Andrew Lai, Head, Payment Market Infrastructures, Asia Pacific, SWIFT; Mr. Anthony Raja Devadoss, Senior Director, KellyOCG, APAC & Centre of Excellence; Mr. Arthur Calipo, Director, Booz & Co.; Mr. Chu Hong Keong, Chief Information Officer, HSBC Bank Malaysia Berhad; Mr. Dan Hartman, Core Banking and Banking Modernisation Leader, IBM ASEAN; Mr. Goh Peng Ooi, Chairman, Silverlake; Dr. John Lee, Group Chief Risk Officer, Maybank; Mr. Justin Soong, Group Chief Risk Officer, EON Bank Group; Mr. Kenny Kim, Group Chief Financial Officer & Head of Group Strategy and Finance, CIMB Group; Ms. Lilian Long, General Manager – Wealth Management, Standard Chartered Bank Malaysia Bhd; Mr. Luca Griseri, Associate Director, Finance Practice Group, Nielsen Malaysia; Mr. Manoj Purohit, Chief Solution Architect - FSI, Borderless Networks, Asia Pacific, Cisco Systems Inc.; En. Mohamed Akwal Sultan, Chief Executive Officer, Credit Counselling and Debt Management Agency (AKPK); En. Mohamed Ismail Mohamed Shariff, Partner, SKRINE; Mr. Peter England, Head – Retail Banking, CIMB Bank Berhad; Mr. Promod Dass, Head, Financial Institution Ratings, RAM Rating Services Berhad; Mr. T. Kugan, Head of Product Development and Infotainment Services, Maxis Communications Berhad; Mr. Tay Kay Luan, Chief Executive Officer, Institut Bank-Bank Malaysia; and Mr. Vince Au Yoong, Acting Director - Retail, RHB Bank Berhad. The two-day forum received a great support by the following organizations which participated as sponsors: - Silverlake (Main Sponsor); Maybank (Strategic Partner); Cisco, Affin Bank, SAP, Bank Rakyat, Persatuan Bank-Bank Malaysia, IBBM, Visa, Maxis, Standard Chartered (Corporate Sponsors); ING and Citibank (Associate Sponsors).

Y.B. Dato’ Seri Haji Ahmad Husni Mohamad Hanadzlah, Minister of Finance II delivering the Keynote Address

Encik Mirzan Mahathir, President of ASLI presenting the memento to YB Minister while Dato’ Michael Yeoh, CEO of ASLI looks on

YB Minister with the Representatives of the Sponsors

The CEO’s Panel: From left:- En. Abdul Farid Alias, Deputy President & Head of Global Wholesale Banking, Maybank; Mr. Mukhtar Hussain, Global CEO, HSBC Amanah and Deputy Chairman & CEO, HSBC Bank Malaysia Berhad; Tan Sri Ramon V. Navaratnam, Chairman, Centre for Public Policy Studies and Former Deputy Secretary General, Ministry of Finance; Ms. Yvonne Chia, Group Managing Director & Chief Executive Officer, Hong Leong Bank Berhad; and Mr. Kenny Kim, Group Chief Financial Officer & Head of Group Strategy and Finance, CIMB Group

CFO Summit 2011 The Association of Chartered Certified Accountants (ACCA) and Asian Strategy & Leadership Institute (ASLI) were teaming up once again to jointly organize the CFO Summit 2011 which focused on the changing nature, perception, locus, and generators of risks and rewards and its implications for CFOs; specifically in relation to what CFOs need to know to keep up with the changing nature of risks associated with IT-enabled technologies”, The clear message of this year’s Summit was that CFOs need to have a full appreciation of what technology can enable and the impact it can have on the success of any organisation as Malaysian businesses move in tandem with the Economic Transformation Programme (ETP). The summit discussions covered key areas such as CFOs in the transformational age, forensic accounting and investigation, national economic & investment outlook for 2011/2012, risk management on foreign currency and role of stakeholders relations and corporate affairs.

The summit was officiated by the Deputy Minister of Finance, Y.B. Dato Ir. Donald Lim Siang Chai. Rounding up the panel of distinguished role-players at the summit were Ms Helen Brand, Chief Executive, ACCA, Mr Karamjit Singh, Editor, The Edge, Mr Thomas Oestreich, Chief, EPM Strategist, Oracle Enterprise Performance Management Global Business Unit (GBU), Encik Kamarulzaman Ahmad, Regional Head of Strategy, Innovation & Customer Experience, AirAsia Berhad, Mr Paul Prendergast, Executive Partner Finance & Performance Management, Southeast Asia, Accenture, Mr Devanesan Evanson, President, ACCA Malaysia Advisory Committee, Mr Chris Fordham, Managing Partner, Fraud Investigation & Dispute Services, Asia Pacific, Ernst & Young, Mr Philip Rao, Partner, Ernst & Young, Mr Ruban Murugesan, Executive Director, Forensic Services, KPMG Corporate Services Sdn Bhd, YBhg Dato’ Syed Amin Aljeffri, President, Kuala Lumpur Malay Chamber of Commerce / Past Chairman, ASEAN Business Advisory Council, Mr N. Parameswaran, Senior Director, Services, Malaysian Industrial Development Authority (MIDA), Mr Christopher Tan, Director, NKEA (Electronic & Electrical), PEMANDU, Mr Soo Hoo Khoon Yean, Partner, Finance Services, PricewaterhouseCoopers /Member, ACCA Malaysia Advisory Committee, Mr Gan Kok Kim, Senior Vice President & Head, Global Treasury, OCBC Bank (Malaysia) Berhad, Puan Zaiton Mohd Hassan, Managing Director, Capital Intelligence Advisors Sdn Bhd / Member, ACCA Malaysia Advisory Committee, YBhg Dato’ Lukman bin Ibrahim, Group Chief Financial Officer, DRB-Hicom Berhad / Member, ACCA Malaysia Advisory Committee, Mr Jimmy Vong, Founder & Managing Director, EquitiesTracker.com and Mr Eric Sin, Senior Director, Business Analytics & Technology, South-East Asia, SAP. Oracle, SAP, Sunway Business Systems, and Direct Access were the Corporate Sponsors of the Summit.

YB Senator Dato' Donald Lim, Deputy Minister of Finance with Ms Helen Brand, Chief Executive of ACCA and Dato' Dr Michael Yeoh having a chat at the holding room

Mr Dave Nuku of the Fitness First gave a talk on "Work life balance and health in the corporate world

The CFO's Role in Stakeholders Relations & Corporate Affairs session with (from left) YBhg Dato' Lukman bin Ibrahim, Group Chief Financial Officer of DRB-Hicom / Member of ACCA Malaysia Advisory Committee, Mr Jimmy Vong, Founder & Managing Director of EquitiesTracker.com, Puan Zaiton Mohd Hassan, Managing Director of Capital Intelligence Advisors Sdn Bhd / Member of ACCA Malaysia Advisory Committee and Ms Eric Sin, Senior Director, Business Analytics & Technology, South-East Asia of SAP

CFOs in the Transformational Age: Managing Risks and Rewards session with (from left) Mr Karamjit Singh, Editor of the Edge, Encik Kamarulzaman Ahmad, Regional Head of Strategy, Innovation & Customer Experience of AirAsia Berhad and Mr Thomas Oestreich, Chief, EPM Strategist, Oracle Enterprise Performance Management Global Business Unit (GBU) of Oracle Germany

UPCOMING EVENTS

Event / Theme

:ASEAN-CHINA SME CONFERENCE 2011 “Maximising Trade Under the ASEAN-China FTA”

Keynote Speakers

:Y.B Dato’ Mukhriz Mahathir, Deputy Minister of International Trade and Industry, Malaysia H.E. Chen Deming, Minister of Commerce, People's Republic of China (represented by H.E. Chai Xi, People's Republic of China’s Ambassador to Malaysia

Date/ Venue

:8-9 June 2011 Kuala Lumpur Convention Centre

Synopsis :Member countries of Association of Southeast Asian Nations (ASEAN) have come a long way since their strict policy on relations with China. 2011 is indeed a historical year and a political juncture for ASEAN countries and China - it marks the 20th Anniversary of China-ASEAN relations and this year too, has been designated as ASEAN-China Friendship and Exchange Year. We have witnessed a close cooperation between China and ASEAN over the last 20 years. Both regions have worked hand-in-hand and assisted each other to come out stronger from the 1997 Asian Financial Crisis, the recent Global Financial Crisis, the Indian Ocean Tsunami, among many other challenges. China is an emerging superpower, with one fifth of the world’s population coming from China. ASEAN, on the other hand, a culturally and economically diverse region ranks as the 9th largest economy in the world, with all the 10 countries put together. Small and Medium Enterprises (SMEs) forms the backbone and the driving force of economic growth in ASEAN and China, contributing immensely in providing employment opportunities to the region.

ABOUT THE CONFERENCE

This Conference aims to bring together Senior Government Officials, Entrepreneurs, Industry Players, Investors, scholars, and researchers from the ASEAN and China region ~ providing them a forum to share their experience, expertise and to network and establish business linkages that will capitalise on the vast opportunities created by the China-ASEAN Free Trade Area (CAFTA) which was established in January 2010. The Conference will also strengthen collaboration among SMEs in ASEAN and China; will provide updates, information and ideas on business and investment potentials. In addition, it will increase awareness among the ASEAN SMEs Community on opportunities that lies ahead as a result of the CAFTA ~ providing SMEs in ASEAN with strategic updates on the business environment in China and how to successfully enter the China market and do business with partners in China.

(For further information, please log on to www.asli.com.my)

Event/ Theme

: CSR & SUSTAINABILITY SUMMIT 2011 Redefining Global Footprints for Sustainable Development

Keynote Speaker Date/ Venue

: YB Dato’ Sri Peter Chin Fah Kui Minister of Energy, Green Technology & Water 27 June 2011 PWTC Kuala Lumpur

Synopsis :

The CSR & Sustainability Summit 2011 is the annual flagship event of ASLI which aims to be the most thought-provoking gathering on corporate social responsibility in Malaysia. Themed “Redefining Global Footprints for Sustainable Development”, the summit will discuss key issues and strategies, and provide new insights for businesses, governments, CSR practitioners and NGOs. Participants will understand the latest CSR issues, address challenges and opportunities, learn from leading sustainability practitioners, and acquire crucial tools and resources to build your sustainable business strategies.

KEY OBJECTIVES OF THIS SUMMIT:

• To raise awareness and build capacity of private sector and other stakeholders on the importance of CSR issues for improved competitiveness.

• To raise greater public awareness of the role of private and public sector in promoting social and developmental sustainability to combat climate change.

• To stimulate high-level discussion on the role of CSR in fostering sustainable and inclusive business. • To enhance public private partnership (PPP) in the implementation of CSR initiatives.

• To foster knowledge exchange between peers around the region. • To urge greater action by companies in Malaysia to develop and adopt CSR policies and practices within their corporate processes

(such as budgeting, strategic plans, supply chain management) in order to positively impact sustainable development.

WHY YOU SHOULD ATTEND? The CSR and Sustainability Summit aims to stimulate participants to think around the new role of business.

This will be achieved through high-level discussion, showcase of best practices and case studies on how effective and inclusive CSR strategies can enhance competitiveness and sustainability of private corporations

while contributing to the realisation of sustainable business growth. It will bring lively discussions between participants, industry captains and other institutions and business practitioners.

WHO SHOULD ATTEND?

• Owners, CEOs, and General Managers • Business representatives: to learn more on CSR implementation

• Communications, Business Development and Marketing Directors • Government officials: To exchange ideas on what kind of national support is needed

• Marketing, Marketing Communications and PR Managers, SRI • Supply chain, Procurement and Finance Managers

• Wider stakeholders (NGO representatives, community leaders, scholars) • Anyone who will benefit by being seen as socially responsible

(For further information, please log on to www.asli.com.my)

Special Group Discount if you register in a group of 3 persons or more! Registration: please email enquiries to : david.selvan@asli.com.my / aini@asli.com.my / khalil@asli.com.my or contact us at 603 2093 5393

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