The 43rd Annual General Meeting (AGM) of the Malaysia-Japan Economic Association (MAJECA) was convened on Wednesday, 24 June 2020 at the Boardroom, 26th Floor, Bangunan Ambank Group, Jalan Raja Chulan, 50200 Kuala Lumpur.
In order to comply with the Government’s and/or relevant authorities’ directives and guidelines on public gatherings, meetings and events, arising from the measures to combat the spread of the COVID-19 pandemic during the Recovery Movement Control Order, the 43rd AGM was convened via a hybrid of in-person as well as virtual participation.
The following were elected to the Executive Committee of MAJECA for the new term 2020-2021.
President: YBhg Tan Sri Azman Hashim
YBhg Tan Sri Datuk Abdul Hamid Egoh
YBhg Dato’ Md Taib Abdul Hamid
YBhg Datuk Seri Mohamed Iqbal
YBhg Datuk Jason Tai Hee
Honorary Secretary: YBhg Tan Sri Dato’ Dr Michael Yeoh Oon Kheng
Honorary Treasurer: Mr Yeonhang Chuah
Executive Committee Members
Dato’ Seri Ibrahim bin Haji Ahmad
Dato’ Yeoh Sock Kian
Tan Sri Rastam Mohd Isa
Mr Steven Tee Shin Yau
Mr Ravindran Kurusamy
AJBM Malaysia, represented by MAJECA, will be hosting the 46th ASEAN-Japan Business Meeting (AJBM) in Kuala Lumpur, tentatively scheduled to take place in early December 2020. The Coordination Teams from Keizai Doyukai (Japan Association of Corporate Executives) and MAJECA held a virtual meeting on 28 May 2020.
Attendees from AJBM Malaysia Committee:
- Tan Sri Azman Hashim, President, MAJECA.
- Datuk Seri Mohamed Iqbal, Vice-President, MAJECA
- Tan Sri Dato’ Dr Michael Yeoh Oon Kheng
- Ms Ng Su Fun, Executive Secretary, MAJECA
Attendees from Keizai Doyukai:
- Nobuhide Hayashi, AJBM Co-Chairman, Chairman of ASIA-Japan Relations PT, Keizai Doyukai
- Keiichiro Hashimoto, President and Vice Chairman, Keizai Doyukai
- Yasuyuki Ishii, Vice President, Keizai Doyukai
- Makiko Higuchi, Senior Manager, Policy Studies Department, Keizai Doyukai
- Katsumi Miyazaki, Manager, Policy Studies Department, Keizai Doyukai
- Masahiro Sato, Manager, Global Corporate Coordination Department, Planning Team, Mizuho Financial Group
The meeting discussed the outcome of last year’s 45th AJBM held in Japan and the ongoing impact of the COVID-19 pandemic on Japan and Malaysia. The virtual discussion covered the following:
- The 46th AJBM will continue to discuss “Digitalization and Start-up” as well as the impact of the COVID-19 crisis and challenges for each country, and for ASEAN-Japan Relations.
- Issues emerging under the COVID-19 crisis are diverse, but for the meeting of business leaders, emphasis will be on the impacts and consequences of the current crisis in the areas of resilience and continuity of business and people’s livelihood.
- Topics could include: restructuring of manufacturing supply chains across Japan and ASEAN, economic and industrial impacts (tourism, health care and medicine), employment issues, roles expected to startups and technologies, acceleration of digitalization etc.
- Keizai Doyukai will proceed with the planning of the next conference, taking into consideration actual conditions and prospects regarding the aforementioned issues and the possibility of Japan-ASEAN cooperation.
- Keizai Doyukai will engage with other ASEAN AJBM Committees and will make recommendations for the convening of the 46th AJBM.
The 45th ASEAN-Japan Business Meeting (AJBM) was successfully held at the Imperial Hotel, Tokyo, Japan on 13 December 2019. The theme of the conference was “New Reality and Opportunity for ASEAN & Japan in the Face of New Global Trends”.
The Japanese side was led by Mr Nobuhide Hayashi, Chairman of the 45th AJBM and Senior Advisor of Mizuho Bank Ltd.
Mr Keiichiro Hashimoto, Vice Chairman and President of Keizai Doyukai gave the Welcome Remarks.
2 special guests gave remarks. They were:
- Mr Norihiro Nakayama, Parliamentary Vice-Minister for Foreign Affairs, Japan
- H.E. Mr Singtong Lapisatepun, Royal Thai Ambassador to Japan
Plenary Session I
The theme for the presentation by Softbank was “What Digitalization Brings to Asia; Business Model Transformation and New Opportunities in Asia”.
The presenters were:
- Mr Yasuyuki Imai – Senior Vice Officer and COO
- Mr Daichi Nozaki – VP & Head of Global Business Division
Softbank presentation at the 45th AJBM:
The 2nd Keynote was presented Mr Yasuyuki Konuma, Director & Senior Executive Officer of Tokyo Stock Exchange.
Tokyo Stock Exchange presentation:
ASEAN-Japan Startups Panel during Lunch Session
During lunch, 5 ASEAN/Japan Startup made a presentation to the AJBM members on their startup business. These 5 startups were:
1. Mr Mitsuru Izumo, CEO & Founder of Euglena
Euglena is a microalgae. Euglena is the world’s first biotechnology company that has succeeded to mass cultivate microalgae Euglena, in the outdoors, for food use.
2. Mr Yoshihiro Ota, Head of CEO Office, Axelspace Corporation
Axelspace specializes in space-related industries. It offers solutions based on microsatellite technology designs and produce microsatellites and related components and all business related to microsatellite data. Their vision is “Space within your reach”.
3. Mr Naoji Taniguchi, CEO & CTO, Holoeyes
Holoeyes is a data driven company providing surgeons with VR/AR/MR based communication, planning, navigation and education services for doctors and hospitals.
4. Mr Jeffrey Foo, Regional Group Director for Japan & Korea, LIV3LY Pte. Ltd.-Singapore
LIV3LY aims to empower generations of fitness, targeting youth to fitness and healthy lifestyles through the LIV3LY app that combines a fitness tracker, social media and market place platforms and healthy fitness event platform.
5. Mr Sean Ong, Regional Group Director for Japan & Korea, Enterprise Singapore
Enterprise Singapore is under the purview of the Ministry of Trade & Industry of Singapore. Its mission is to grow stronger SME enterprises by building capabilities and accessing global opportunities, thereby creating good jobs for Singaporeans.
Singapore business environment is friendly and has a conducive ecosystem for startups to thrive.
6. Mr Prasetio Erlimus, CEO, PT Compro Kotak Inovasi – Indonesia.
Compro is an Indonesian startup company with a mission to help companies/organisations to use technology through mobile apps to reach wider audience of customers, engaging sellers, distributions, resellers, influencers and ultimately consumers.
3 Breakout Sessions were held. They were:
- Connecting the Markets and enhancing Opportunities – Digital changes consumer market (E-commerce).
- Upgrading Industries – Digital changes industry infrastructure and value chains (manufacturing & human resources).
- Enhancing well-being for all – Smart, sustainable and quality solutions (smart city solutions, energy & environment, mobility).
Session 2 was moderated by Mr Fuminao Hachiuma, President & CEO, J-Oil Mills, Inc.
Session 3 was moderated by Mr Toshio Asano, Former President and CEO, Asahi Kasei Corporation.
Plenary Session 2
It was noted that E-commerce will definitely grow. Digitalization is already impacting the manufacturing industrial sector. Manufacturing supply chains are changing, including the speed to change. Artificial Intelligence (AI) is also changing the way how Human Resources are being identified, hired & trained or retrained. Infrastructure requirements in the digital age is also changing, impacting existing business models. The concept of infrastructure now includes ICT, software management and HR capital development.
The 45th AJBM discussed the new reality brought on by e-commerce and digitalization to changing business models and manufacturing value chains. The meeting took cognizance of the need for ASEAN-Japan business partnerships to evolve beyond the traditional models. The meeting acknowledged massive changes and disruptions brought on by globalizations and digitalization in the 10 different ASEAN economies and all 10 countries are experiencing changes at different levels and at different speeds. The meeting also discussed the future model of ASEAN-Japan partnerships and mutual expectations with emphasis on the power of digitalization and the need to engage start-ups. Japan acknowledged that there was a need to find a way to prosper together, develop deeper understanding, challenge and desire for win-win relationships.
MAJECA will host the 46th ASEAN-Japan Business Meeting in Malaysia in 2020.
Amazon Japan Kawasaki Fulfillment Center
Keizai Doyukai facilitated a visit to Amazon Fulfillment Center in Kawasaki for the AJBM delegates on 14 December 2019.
45th ASEAN-Japan Business Meeting (AJBM)
H.E. Oka Hiroshi, Ambassador of Japan to Malaysia and Mr Kazutaka Nakagawa, Second Secretary of the Embassy of Japan, Kuala Lumpur met with MAJECA President, Tan Sri Azman Hashim on 3 December 2019.
On 15 November 2019, Mr Gary Tang, President of the Japan Graduates Association of Malaysia (JAGAM), Mr Goh Peng Ooi, Advisor of JAGAM, Mr Kong Kok King and Mr Ang Kim Sin, EXCO member of JAGAM paid a courtesy call on Tan Sri Azman Hashim, President of MAJECA. Dato’ Md Taib Abdul Hamid and Datuk Seri Mohamed Iqbal, Vice Presidents of MAJECA, Ms Ng Su Fun, Executive Secretary and Ms Florence Khoo, Asst. Executive Secretary, MAJECA also attended the meeting at Tan Sri Azman’s office.
MAJECA organised a briefing by Sustainable Energy Development Authority (SEDA) for MAJECA members at SEDA’s office in Putrajaya on 12 November 2019.
Puan Azah Ahmad, Senior Director of Strategic Planning, SEDA presented a paper to MAJECA members on:-
1. Vision, Policy & Regulations for Sustainable Energy for Malaysia
2. Introduction to SEDA and SEDA’s Renewable Energy Programme on Net Energy Metering (NEW) and Fee-in-Tariff (FIT)
SEDA website: www.seda.gov.my
The 10th Asian Business Summit (ABS) was held on 17 October 2019 at the Daewoo Hotel, Hanoi, Vietnam hosted the Vietnam Chamber of Commerce and Industry (VCCI). Led by KEIDANREN Japan, representatives from apex business organisations from Malaysia, Singapore, Thailand, Philippines, India, P.R. China, Korea and Taiwan participated in the meeting. Datuk Seri Mohamed Iqbal, Vice-President of MAJECA, represented Malaysia at the 10th ABS.
PLENARY SESSION I: DIGITAL ASIA: COLLABORATION FOR INNOVATIVE AND SUSTAINABLE DEVELOPMENT
- Growth Strategy (innovation, data, technology): Promoting innovative development
- Smart Society (agriculture, health care, urbanization, environment): Ensuring sustainable development
PLENARY SESSION II: GLOBAL ASIA: PARTNERSHIP FOR INCLUSIVE DEVELOPMENT
- Free Trade and Global Value Chain: Promoting economic inclusiveness
- Infrastructure and Human Resource: Strengthening regional collaboration
A Joint Statement was issued at the close of the event.
The 10th Asian Business Summit
Asia Super Connect for Sustainable Development
October 17, 2019
On October 17, 2019, 12 Asian business organizations gathered together in Hanoi for the 10th Asian Business Summit (ABS). The Summit agreed that the close collaboration between economies in the region is the key to the sustainable and inclusive development. In particular, in the digital era with abrupt technological changes, a comprehensive cooperation in all areas, ranging across technology, infrastructure, human resources, agriculture, health care, environment and financing is indispensable. The Summit adopted a joint statement which expresses the shared commitment and efforts of the Asian businesses towards realizing the goal of inclusive and sustainable development and shared prosperity.
1. Digital Asia: Collaboration for innovative and sustainable development
(a) Growth Strategy: Promoting innovative development
As the world entering the fourth industrial revolution, challenges of digitalization and innovation is affecting all sectors across societies in many ways. Asian economies should commit to a policy framework of openness and exploration of opportunities arising from the digital innovation revolution, fostering implementation of technological advances in all areas of human activity.
Particularly, businesses which are a pioneering force of the economies, should be enabled to continuously innovate in terms of technology and, management so as to have robust and sustainable business models. Asian business communities must promote sound businesses with focus on corporate social responsibility, environment and climate change issues, and green technologies, thus enabling resource efficiency and promoting circular economy.
For that, the Asian business community will strengthen cooperation and focus on innovation that can connect the economies in global value chain, bringing mutual benefits for everyone regardless of their level of economic development, and promoting sustainable growth in the region.
The Asian business community realize the importance of cyber security and the need of closer cooperation at the regional and global levels.
(b) Smart Society: Ensuring sustainable development
Vibrant economic development leads to rapid urbanization and climate change. Additionally, many Asian cities are close to the sea, facing phenomena like typhoons, cyclones, earthquakes and other natural disasters. There is critical need for bolstering economic growth and preserving the environment, tackling climate change to ensure sustainable development, thereby promoting need of co-operation works amongst economies which will result in smart societies in the future.
Businesses will need to work hand in hand with the government to collaborate in setting green production standards, which is an important element in the effort to tackle climate change, to make the best use of river water resources, fostering green growth.
Business communities encourage Asian cities to network and to share experiences and best practices for the development of smart societies.
2. Global Asia: Partnership for Inclusive Development
(a) Free Trade and Global Value Chain: Promoting economic inclusiveness
Despite some uncertainties raised by protectionism and nationalism, Asian business communities are committed to free and open trade which is the best option to deliver sustainable and inclusive growth resulting in prosperity of all our economies.
We reaffirm that the expansion of the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) and acceleration towards the early realization of Regional Comprehensive Economic Partnership (RCEP) Agreement are key goals in attaining regional economic integration and we will support such trade agreements. Also, we agree that Economic Partnership Agreements (EPAs) and Free Trade Agreements (FTAs) should not be exclusive and that trade should be liberalized so as to achieve WTO compatibility, in moving towards the direction of universal benefit for everyone.
Asian business associations also agree that MSMES continue to be the backbone of many Asian economies. Thus, we would encourage the MSMEs to successfully conduct businesses across borders and participate in global value chain, while expanding their innovative capabilities and global presence though internet and digital economy and e-commerce platform.
The business community in Asia also strongly supports and recognizes the importance of the role of the World Trade Organisation (WTO) and a rules-based multilateral trading system, encouraging trade growth especially for MSMEs. We also call for the immediate resolution of the crisis in the WTO’s dispute settlement system, which plays a key role in WTO. It is also important for the reform of the existing WTO rules to keep up to date to the modern business models especially in the current digital economy.
(b) Infrastructure and Human Resources: Strengthening regional collaboration
Infrastructure and human resources are critical to advancing economic growth. Imbalanced development of infrastructure amongst economies slows down smooth flows of goods and services, hindering both intra and inter-regional trade. Asian business community calls for an effective mechanism to support public private partnership in the infrastructure development. A greater regulatory certainty along with simplification and clarity of administrative processes and reduction of red tape will help facilitate the financing for infrastructure projects.
On the other hand, capacity building and human resource are also key issues on the regional cooperation program. In the digital era marked by rapid advancement in automation and artificial intelligence, many traditional jobs will be replaced, and new skills will be required to meet the demand of new technologies. Initiatives to foster start-up, innovative companies, and high-tech businesses should be encouraged. An effective collaboration on human resource among economies will enhance the overall regional competitiveness.
The Ministry of International Trade & Industry (MITI) launched the MITI Consultative Dialogue 2019 on 12 September 2019 at the Perdana Hall with the theme “Rebuilding Malaysia Together”- Strengthening Synergies between Government and Industry. The purpose was to relook at the Government’s policies for the last ten years and to rethink Malaysia’s trade, investment and industrial development policies.
Prior to the Launch, MITI had invited the national and international Chambers of Commerce, Business and Industry Associations in Malaysia to provide feedback on the issues faced in respect of the business operations of their members and suggested solutions (if any).
At the Launch, MITI Minister YB Datuk Darell Leiking informed that 54 memorandums highlighting 379 issues were submitted by 108 associations to MITI. There were 12 main clusters:
• Market access
• Labour/ workforce / talent
• Logistics / infrastructure
At the launch on 12 September 2019, YB Dr Ong Kian Ming, Deputy MITI Minister gave a presentation as follow:-
The launch of the MITI Consultative Dialogue was followed by a month-long engagement with the 108 business associations and Chambers of Commerce.
MAJECA had submitted a memorandum highlighting feedback from members.
Following the month-long engagements with MITI, a town-hall session over one and half days was held on 15-16 October 2019 at MITI.
On 15 October 2019, YB MITI Minister, YB Deputy MITI Minister, top officials of MITI and senior representatives from the relevant government ministries were present to dialogue with the industry groups.
On 16 October 2019, a Joint Ministerial Dialogue Session was held with the attendance of Ministers and Deputy Ministers from Ministry of Health, Ministry of Primary Industries, Ministry of Energy, Science, Technology, Environment & Climate Change, Ministry of Entrepreneurship Development, Ministry of Domestic Trade & Consumerism and senior officers from other Ministries and Government Bodies.
Contents of the Joint Ministerial Dialogue Session
Ministry No. of Issues
Ministry of International Trade & Industry (MITI) – 3
Ministry of Primary Industries (MPI) – 5
Ministry of Energy, Science, Technology, Environment & Climate Change (MESTECC) – 6
Ministry of Health (MOH) – 3
Ministry of Human Resources (MOHR) – 3
Ministry of Home Affairs (MOHA) – 2
Ministry of Finance (MOF) – 6
Ministry of Water, Land & Natural Resources (KATS) – 1
The Business Associations and Chambers of Commerce were encouraged to meet with the relevant Government bodies to work out possible solutions to the issues raised.
AJBM Malaysia, led by MAJECA President, Tan Sri Azman Hashim, hosted the preparatory meeting in Kuala Lumpur for the AJBM Steering Committee to meet and discuss the programme for the 45th ASEAN-Japan Business Meeting (AJBM) that is scheduled to be held from 12 to 14 December 2019 at the Imperial Hotel, Tokyo, Japan. Representatives from seven (7) ASEAN countries, Brunei, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and also from Keizai Doyukai, Japan attended the meeting. AJBM Malaysia also hosted a dinner for all the AJBM delegates after the meeting.