1.0 The 43rd ASEAN-Japan Business Meeting (AJBM) was held on 22nd to 24th November 2017 at the Anantara Siam Bangkok Hotel, Bangkok, Thailand. The theme for this meeting was “Deepening ASEAN-Japan Economic Partnership Through Promotion of Tourism and Related Industries”.
AJBM Malaysia was represented by YBhg Dato’ Che Mohd Annuar Che Mohd Senawi, Executive Chairman and Chief Executive Officer of Idaman Unggul Berhad and EXCO Member and Treasurer MAJECA. YBhg Dato’ moderated Plenary Session 2: Healthcare and Other Potential Opportunities of Tourism Strategy as well as Roundtable 2: Tourism + MICE + Other Industries and Rapporteur for the Wrap Up and Summary Session.
The other Panelist from Malaysia was Ms Premala Danapakiam, Senior Manager – Business Events of Malaysia Convention & Exhibition Bureau (MYCEB) at the Roundtable 2: Tourism + MICE + Other Industries.
(Seated, 2nd from right) Dato’ Che Mohd Annuar Che Mohd Senawi , Executive Chairman
and Chief Executive Officer, Idaman Unggul Berhad and EXCO Member MAJECA
at the Pre-Meeting for Session Chairs & Panelists
2.0 AJBM Thai hosted a Welcome Dinner on 22nd November 2017 to welcome all the Speakers, Panelists and participants to the meeting. Chairman of the 43rd AJBM, Dr. Thanong Bidaya delivered the Welcome Remarks at the dinner.
3.0 Dr. Thanong Bidaya, Chairman of the 43rd AJBM delivered the Opening Remarks and Message from Dr. Somkid Jatusripitak, Deputy Prime Minister Thailand at the Opening Ceremony of the 43rd ASEAN-Japan Business Meeting (AJBM) on 23rd November 2017.
4.0 Dr. Yoshimitsu Kobayashi, Chairman of Keizai Doyukai delivered the Welcome Remarks at the Opening Ceremony.
5.0 Special Remarks by Mr. Shinya Katanozaka, Co-Chairman of the 43rd AJBM.
6.0 Speakers, Panelists and participants at the 43rd AJBM meeting.
Participants at the meeting
7.0 H.E. Ms Kobkarn Wattanavrangkul, Minister of Tourism and Sports delivered the Keynote Speech at the Plenary Session 1 on “Tourism as a Driver of Service Industry Promotion”.
8.0 Panelists for “Plenary Session 1: Tourism as a Driver of Service Industry Promotion” were from the following countries:-
Panelist 1 from Cambodia: Mr Ho Vandy, General Secretary of Cambodia National Tourism Alliance (CNTA) and Advisor to Cambodia Chamber of Commerce (CC)
Panelist 2 from Indonesia: Mr Iman H. Kusumo, CEO, P.T. Pangestu Buwana
Panelist 3 from Thailand: Dr Yuthasak Supasorn, Governor of Tourism Authority of Thailand
Panelist 4 from Philippines: Associate Prof. Dr. Ramon A. Amampay, University of The Philippines,
Asian Institute of Tourism
Mr Shinya Katanozaka, 43rd AJBM Co-Chairman moderated the Plenary Session 1.
9.0 Panelists for “Plenary Session 2: Healthcare and Other Potential Opportunities of Tourism + Strategy” were:-
Panelist 1: Tourism + Healthcare from Singapore
Mr Royston Lek, Managing Director, Fullerton Health, Regional Healthcare Management
Panellist 2: Tourism + Healthcare from Thailand
Dr. Som-Arch Wongkhomthong, M.D., CEO Group 4, Bangkok Dusit Medical Services, PLC
Panelist 3: Tourism + Food & Cuisine from Japan
Mr Akihiko Sugawara, President, Kesennuma Chamber of Commerce and
Industry/President, Otokoyama Honten, Co., Ltd.
Panelist 4: Tourism + Local Industry from Japan
Mr Kenzo Nitta, General Manager, Sales Department, NOUSAKU Corporation
(Tourism + Food & Cuisine)
Dato’ Che Mohd Anuar Che Mohd Senawi, Executive Chairman and Chief Executive Officer, Idaman Unggul Berhad moderated the Plenary Session 2.
10.0 3 Roundtables were concurrently held:
10.1 Roundtable 1: Tourism + Healthcare Services
Panelist 1: Indonesia – Mr Irwan Sumarlin, Director, PT Sinar Mega Sakti Ltd
Panelist 2: Thailand – Dr. Wilairat Chaivipas, Senior World Business Intelligence Specialist: World
Business Group, Kasikorn Bank
Panelist 3: Thailand – Prof. Sinn Anuras, M.D., Advisor to The Private Hospital Associate Thailand
Mr Keiichiro Nishi, Managing Director, GLOBIS CORPORATION moderated this Roundtable 1 session.
10.2 Roundtable 2: Tourism + MICE + Other Industries
Panelist 1: MICE from Brunei – Mr Shazali Sulaiman, Partner, KPMG The Brunei Darussalamand
Chairman, International Chamber of Commerce and Industry
Panelist 2: MICE from Malaysia – Ms Premala Danapakiam, Senior Manager – Business Events of
Malaysia Convention & Exhibition Bureau (MYCEB)
Panelist 3: MICE from Thailand – Ms Nichapa Yoswee, Senior Vice President – Business of Thailand
Convention and Exhibition Bureau (TCEB)
Panelist 4: Local Food and Products from Japan-Mr Ryoichi Fujisaki, Vice President, Tourism
Development Marketing & Sales Planning, ANA Sales
Dato Che Mohd Anuar Che Mohd Senawi, Executive Chairman and Chief Executive Officer, Idaman Unggul Berhad moderated this Roundtable 2 session.
10.3 Roundtable 3:Issues, Challenges and Opportunities for Tourism Industry
Panelist 1: Human Resource from Philippines
– Associate Prof. Dr. Ramon A. Alampay, University of the Philippines, Asian Institute of
Panelist 2: Cross Sectoral Collaboration and Human Resources from Japan
– Mr Akihiro Sugawara, President, Kesennuma Chamber of Commerce and Industry &
President, Otokoyama Honten, Co., Ltd.
Panelist 3: Digitalization and Technology from Japan
– Mr Yoshikazu Tanaka, Founder, Chairman and CEO, Gree, Inc.
Panelist 4: Microfinance from Myanmar
– Mr Htay Aung, Former Minister of Hotel and Tourism
Attorney Carrie Bee C. Hao (PHILJEC) from Philippines moderated the Roundtable 3 session.
11.0 At the Wrap Up and Summary sessions, Moderators presented reports from the Breakout Sessions:-
Rapporteur 1: Tourism + Healthcare – Mr Keiichiro Nishi (Japan), Managing Director, GLOBIS
Rapporteur 2: Tourism + MICE, Other Industries – Dato’ Che Mohd Annuar Che Mohd Senawi
(Malaysia), Executive Chairman and Chief Executive
Officer, Idaman Unggul Berhad
Rapporteur 3: Challenges and Opportunities – Attorney Carrie Bee C. Hao (Phillippines)
Mr Keiichiro Hashimoto (Japan), Executive Vice Chairman and COO, SHIOYATOCHI CO., Ltd moderated at this session.
12.0 Dr. Thanong Bidaya, 43rd AJBM Chairman and Mr Shinya Katanozaka, 43rd Co-Chairman delivered the Closing Remarks at the Closing Ceremony.
13.0 The Thai AJBM National (Committee) hosted the Closing Dinner on the Wonderful Pearl Cruise.
Participants at the dinner cruise
14.0 A JETRO International Symposium on Service Industry was held on 24th November 2017. AJBM participants were invited to attend.
15.0 The AJBM Thai Committee organised site visitations to:-
- – Bangkok Hospital (Bangkok Dusit Medical Services PLC)
– Let Relax Onsen and Spa
– Subway Station (Sanam Chai Station and Isaraphap Station)
16.0 The next 44th ASEAN-Japan Business Meeting (AJBM) will be held in Indonesia.
1.0 The 35th MAJECA-JAMECA Joint Conference cum 40th Anniversary Celebration of MAJECA and JAMECA was successfully convened on 23 November 2017 at the Shangri-la Hotel, Kuala Lumpur, Malaysia. The theme was “MAJECA and JAMECA – Beyond 40 Years and into the Next Decade”.
3.0 Malaysia hopes to achieve high income nation status and Vision 2020 by year 2020. Beyond 2020, Malaysia is also looking into a National Transformation Plan 2020 to 2050 known as TN50. Malaysia is also a vibrant part of ASEAN and the ASEAN Economic community. The next step is the Regional Comprehensive Economic Partnership, which includes Japan in the ASEAN+3+3 framework.
Japan is aiming for “Regional Revitalization” in order to overcome population decline and to revitalise the local economy in Japan.
The 35th MAJECA-JAMECA Joint Conference discussed trends and opportunities for the next decade whilst reviewing its achievements in the last 40 years.
4.0 Keynote Address by YB Datuk Chua Tee Yong, Deputy Minister of International Trade & Industry (Trade), Malaysia
The Honorary Deputy Minister of International Trade & Industry (Trade), Malaysia acknowledged that MAJECA had been pivotal in promoting closer economic relations between the private sectors of Malaysia and Japan, and greatly instrumental for the substantial flow of investments from Japan into Malaysia. Malaysian Government is committed to build deeper economic ties with Japan through collaborations with JETRO-MIDA-MATRADE via seminars, roundtable meetings with SME Industries, business matching programmes and business missions. Projects implemented under the LEP 2.0 have yielded commendable outcomes across multiple sectors.
4.1 Special Address by H.E. Dr Makio Miyagawa, Ambassador of Japan to Malaysia – “Japan-Malaysia Partnerships for the Future”
H.E. Dr Miyagawa in his Special Address recognized that there were many opportunities for Malaysia and Japan to collaborate. This included the robust infrastructure development in Malaysia, Islamic Market Development, opportunities for collatorations and interactions between Japan and Malaysia in the digital economy, development of SMEs as supporting industries to the Japanese MNC, amongst others.
4.3YB Datuk Chua Tee Yong, Deputy Minister of International Trade & Industry (Trade) and YBhg Tan Sri Azman Hashim launched the MAJECA 40th Anniversary Special Edition Book entitled “Enabling Economic Empowerment”.
An overview of the market for Halal goods and services:
■ 1.8 billion Muslims worldwide (3 billion 2060).
■ HALAL market USD2.3 trillion (USD3.7 trillion 2019).
■ Increasing demands from non-Muslims countries.
■ HALAL tourism spending – USD200 billion by 2020.
■ HALAL Cosmetics –USD73 billion by 2019.
■ HALAL Pharmaceuticals – USD370 billion by 2021.
■ HALAL – One of the fastest growing segment in e-commerce
5.0 YBhg Tan Sri Azman Hashim, in his closing speech, reiterated that there were many new areas of co-operation that can be explored and built upon between the members of MAJECA and JAMECA. The digital era has enabled current businesses to have new channels and platforms to reach customers on a global scale. Boldness was needed to embrace these changes. The President welcomed mutually beneficial collaborations between Malaysian and Japanese businesses with new innovations and technology expertise in order to better compete in the global arena. The Japanese companies were also encouraged to use Malaysia as their base.
The President also encouraged JAMECA to work alongside MAJECA to raise the profile of the Joint Conferences to be a key annual event for Industry leaders and players to meet and collaborate and to spur new business collaborations between our private sectors.
6.0 MAJECA hosted a dinner for participants of the 35th MAJECA-JAMECA Joint Conference at the Shangri-La Hotel.
Tan Sri Azman Hashim, President of MAJECA delivered the Opening Speech at the dinner. In his speech, Tan Sri Azman expressed MAJECA’s thanks and appreciation to Mr Mikio Sasaki, Co-Chairman and President of JAMECA, Mr Kazuo Ohmori, Vice President of JAMECA, Mr Hidekazu Oshita, Secretary-General of JAMECA, all distinguished Speakers from Japan and Malaysia, all sponsors for the Joint Conference, participants from Japan and Malaysia and MAJECA and JAMECA Secretariat staff who assisted to make the conference a success.
7.0 The 36th JAMECA-MAJECA Joint Conference will be held in Japan in 2018.
Heartiest Congratulations to YBhg Datuk Seri Mohamed Iqbal, Vice-President and Honorary Secretary of MAJECA on being conferred “The Order of the Rising Sun, Gold Rays with Neck Ribbon” by His Majesty, the Emperor of Japan.
1.0 The 34th JAMECA-MAJECA Joint Conference was hosted by JAMECA at the New Otani Hotel, Tokyo, on 1 June 2016. The theme was “Deepening and Strengthening the Economic Collaboration between Malaysia and Japan”.
2.0 A Roundtable Meeting with Hon. Dato’ Seri Dr Ahmad Zahid Hamidi, Deputy Prime Minister of Malaysia was held with prominent Japanese businessmen from JAMECA prior to the 34th JAMECA-MAJECA Joint Conference at the New Otani Hotel, Tokyo.
3.0 Congratulatory Messages from the Prime Ministers of Malaysia and Japan were read by the Malaysian Ambassador and the Japanese Ambassador, respectively.
4.0 The Deputy Prime Minister of Malaysia, Hon. Dato’ Seri Dr Ahmad Zahid Hamidi, was the Guest-of-Honour. In his keynote speech, the Deputy Prime Minister highlighted the following:
a) He acknowledged the roles of MAJECA and JAMECA that had spearheaded the bilateral economic and business relations between the two countries since their inception in 1977.
b) The bilateral relationship has been greatly enhanced through the Look East Policy (LEP) 2.0, building upon the foundation of human capital development as well as to achieve more technology transfers, effective collaborations in R&D and successful business joint-ventures.
c) In the regional fora, Malaysia and Japan are both members of the ASEAN-Japan Comprehensive Economic Partnership (AJCEP) as well as working closely on new and enhanced economic agreements such as the Trans-Pacific Partnership Agreement (TPPA) and the Regional Comprehensive Economic Partnership (RCEP).
d) In 2015, Japan was Malaysia’s fourth largest trading partner with total trade valued at USD32.77 billion (RM127.4 billion).
e) Japan continued to be among Malaysia’s largest source of FDI in the manufacturing sector with a total of 3,362 manufacturing projects with Japanese interests with total investments of USD32.9 billion approved as at December 2015 in sectors such as electronics and electrical products, non-metallic mineral products, basic metal products, petroleum products including petrochemicals, chemical and chemical products and transport equipment.
f) Collaboration initiatives were undertaken, example JETRO organised the “Japan-Malaysia Invest Symposium” in Kuala Lumpur on 15 March 2016. Another seminar on “Doing Business in Japan” will be organised by MITI, JETRO, MATRADE and MIDA on 14 June 2016.
g) Japan will host the 2020 Olympics in Tokyo. Malaysian businesses, particularly those in the Halal Food Industry, were encouraged to capitalize on this major event to increase Malaysia’s business presence in Japan.
h) Japanese businesses were encouraged to use Malaysia as a gateway to the ASEAN market to take advantage of the ASEAN Community that came into force in January 2016.
5.0 The topic for Plenary Session 1 was “Update on the Status of AEC, RCEP and TPPA” by 1) Datuk Hiswani Harun, Advisor, Ministry of International Trade & Industry, Malaysia (MITI) and 2) Mr. Toshiyuki Sakamoto, Deputy Director-General for Trade Policy, Ministry of Economy and Industry (METI) Japan.
6.0 Plenary Session 2 topics included:-
- Presentation by the Kedah State Government
- Presentation by the East Coast Economic Region Development Council (ECERDC), Malaysia
- Presentation by The Japanese Chamber of Trade & Industry, Malaysia (JACTIM)
6.1 The Kedah State Government and Invest Kedah Berhad briefed the participants on an “Overview and Introduction on Kedah State” and “Investment Opportunities in Kedah”. The speakers were Hon. Dato’ Dr Ku Abd. Rahman Ku Ismail, Senior Kedah State EXCO, Chairman for Industry & Investment, Domestic Trade, Cooperatives & Consumer Affairs and Dato’ Ahmad Shukri Tajuddin, Managing Director, Invest Kedah Berhad.
Some of the key data presented included:
7.0 The East Coast Economic Region Development Council (ECERDC) gave participants an Overview and Introduction of the ECER. This was presented by Mr Saifol Bahri Mohammad Shamlan, General Manager of the East Coast Economic Region Development Council (ECERDC).
Key data included:
7.1 Mr. Fukuo Tsubouchi, Managing Director, Kaneka (Malaysia) Sdn. Bhd. and Mr Takahara Toshiya, General Manager, Tosoh Advanced Materials Sdn. Bhd. made presentations about their investments in the ECER.
8.0 Mr. Masakuni Nakayama, Vice-Chairman of Trade and Investment Committee, The Japanese Chamber of Trade & Industry, Malaysia (JACTIM) spoke on the business activities and opportunities by Japanese Companies in Malaysia.
He said that Japanese companies investing in Malaysia look at the country from three different angles: innovation and enhancement of Malaysian industry, expectations on TPP and halal hub, and labour issues.
On the TPP, JACTIM hoped for further deregulations, such as to allow the participation of Japanese convenience stores into the domestic market which they think will help to modernize and revitalize small Malaysian retail businesses.
In respect of the promotion of Malaysia as a Halal Hub and a gateway to the Islamic world, JACTIM said that the Japanese food industry can offer detailed, fine-tuned production control know-how which has been strictly applied to ensure high level of food safety and believed that such expertise can satisfy the stringent standards of halal management. By attracting investment by the Japanese food industry in this area would ensure a win-win situation. Japan is collaborating with JAKIM, the certification authority of Malaysia, and the Japan Halal Association and the Japan Muslim Association have been recognised as certification organization by JAKIM. This would augur well for Malaysia’s food industry sector in preparation for the Tokyo Olympics in 2020 when Japan would welcome Muslim guests.
9.0 Plenary Session 3 focussed on Investment Opportunities in Japan.. The speakers were:
- Mr Kazuya Nakajo, Director General, Invest Japan Department, JETRO
- Mr Masaaki Shimizu, Managing Director (CEO), Brahim’s Food Japan Co., Ltd.
- Mr Susumu Hosokawa, Managing Director, AT Toyyibah Japan Co., Ltd.
Key slides were as follows:
10.0 During the Closing Ceremony, Tan Sri Azman Hashim, President of MAJECA, issued an invitation to JAMECA to attend the 35th MAJECA-JAMECA Joint Conference that will be held in Malaysia in 2017. The 35th Joint Conference is significant as MAJECA celebrates its 40th Anniversary of MAJECA-JAMECA relations that began on 8th November 1977, marking an important milestone and achievement for both the Associations.
11.0 The Hon. Deputy Prime Minister of Malaysia graced the dinner hosted by JAMECA after the Conference. In his speech at the dinner, the Hon. Deputy Prime Minister congratulated JAMECA and MAJECA on the success of the Conference.
12.0 The 35th MAJECA-JAMECA Joint Conference will be held in Malaysia in 2017.
13.0 MAJECA and Japan External Trade Organization (JETRO), Kuala Lumpur organised a visit to JETRO Invest Japan Business Support Center (IBSC) office at Ark Mori Building, Tokyo. Mr Fujihara Masaki, Director of Invest Japan Support Division, Invest Japan Department, JETRO Headquarters welcome and briefed the MAJECA and JETRO delegates on JETRO’s Invest Japan Programme and IBSC. The delegates also toured the IBSC facilities after the meeting.
Newspaper Articles on the 34th JAMECA-MAJECA Joint Conference
- The New Straits Times on 1 June 2016
- The New Straits Times on 2 June 2016 (1)
- The New Straits Times on 2 June 2016 (2)
- The Star on 2 June 2016
- The New Straits Times on 3 June 2016 (1)
- The Edge Financial Daily on 3 June 2016
Tan Sri Azman Hashim, President of MAJECA, chaired the 39th Annual General Meeting (AGM) of MAJECA at the Banquet Hall, 26th Floor, Bangunan AmBank Group, Jalan Raja Chulan, Kuala Lumpur on 9 May 2016.
The meeting convened after the requisite quorum was obtained.
The President welcomed all members and the Executive Committee members and proceeded with the business of the AGM.
Tan Sri Azman Hashim delivered his address, highlighting the past activities for the period under review as well as forthcoming activities of the association. Thereafter the meeting proceeded to unanimously adopt the Annual Report and the audited accounts of the Association for the year ended 31st December 2015.
Office Bearers and Members of the Executive Committee were elected for the new term for 2016/2017 and comprise the following:-
President : Tan Sri Azman Hashim
Vice President : Dato’ Md Taib Abdul Hamid
Vice President : Tan Sri Datuk Abdul Hamid Egoh
Vice President & Honorary Secretary : Datuk Seri Mohamed Iqbal
Vice President : Datuk Jason Tai Hee
Honorary Treasurer : Dato’ Annuar Senawi
MEMBERS OF THE EXECUTIVE COMMITTEE
Tan Sri Datuk Asmat Kamaluddin
Tan Sri Datuk Mohamed Khatib Abdul Hamid
Tan Sri Dato’ Seri Lodin bin Wok Kamaruddin
Tan Sri Dato’ Dr. Michael Yeoh Onn Kheng
Datuk Peter Lim Siong Eng
Mr Yeonhang Chuah
The President thanked the Office Bearers and Executive Committee for their continuing support and MAJECA members for their participation in MAJECA events and activities.
Courtesy Call on Tan Sri Azman Hashim, President of MAJECA by H.E. Dr. Makio Miyagawa, Ambassador of Japan to Malaysia on 6 May 2016
Tan Sri Azman Hashim, President of MAJECA met H.E. Dr. Makio Miyagawa, Ambassador of Japan to Malaysia on 6 May 2016 to discuss matters related to the 34th JAMECA-MAJECA Joint Conference that will be held on 1 June 2016 in Tokyo, Japan.
His Excellency was accompanied by Ms Keiko Aikawa, Commercial Attache of the Embassy. Datuk Seri Mohamed Iqbal, Vice-President and Honorary Secretary, MAJECA and Ms Ng Su Fun, Executive Secretary, MAJECA also joined the meeting.
The Japan-Malaysia Invest Symposium was successfully held on 15 March 2016 at the Sapphire Room of the Mandarin Oriental Hotel, Kuala Lumpur. MAJECA was one of the supporting organisations for the event.
With Malaysia’s economic growth in the last decade, JETRO opined that many Malaysian businesses have the capacity to invest in Japan, particularly to penetrate the Japanese market with hosting of the Tokyo Olympics Game in 2020 in Japan. The purpose of the Symposium was to promote FDI from Malaysia into Japan as a form of enhancing revitalisation of business exchanges between Japan and Malaysia.
The highlight of the Symposium was the sharing of experiences by three Malaysian companies, namely, AirAsia Berhad, Apple Group of Companies and Harq Food Industry Sdn Bhd. All three companies had gone through JETRO’s Invest Japan Business Support Center (IBSC), a platform to provide one-stop support and service to foreign firms seeking to set-up business in Japan. The centers, located at JETRO Tokyo, Yokohama, Nagoya, Osaka, Kobe and Fukuoka, are linked into relevant government ministries and agencies, provide free temporary office space, consultation with expert advisors and access to business information in Japan.
a) YBhg Tan Sri Dr Anthony Francis Fernandes, Group CEO, AirAsia Berhad – shared his experiences of setting up Air Asia Japan, initially with ANA. Air Asia X will be re-entering Japan with 3 other Japanese partners, with new air-routes.
b) YBhg Dato’ Sri Koh Yock Heng, Group MD, Apple Group of Companies – shared his experience of setting up Apple Japan as a tour & travel company.
c) Tuan Hj. Abdul Hamid Hamat, President, Harq Food Industry Sdn Bhd – shared his experience of setting up a Halal Malaysian Restaurant called Wadihana in Kyoto, Japan.
Mr Fukuo Tsubochi, Managing Director of Kaneka (Malaysia) Sdn Bhd, shared Kaneka’s experience of setting up business in Malaysia. The manufacturing plant is located in Gebeng Industrial Area, Kuantan, under the purview of the ECER. The Kaneka Group of Companies celebrates 20 years of operation in Malaysia in 2016.
In 2016, Kaneka Malaysia Group had grown to become the largest complex plant in the Asian region (except Japan) which consisted of six companies, Kaneka (Malaysia), Kaneka Eperan, Kaneka Paste Polymers, Kaneka Innovative Fibers, Kaneka Apical Malaysia and Kanekalon. Products include Kane Ace, Eperan, Paste PVC, Futura (FPW), Apical and Graphite sheet. Kaneka’s marketing office is located in Mid-Valley Center.
The event was attended by more than 250 participants, most of which were Malaysian companies.
Dr. Akio Mimura, Chairman of the Japan Chamber of Commerce and Industry (JCCI) led a high-level JCCI Economic Mission to Thailand and Malaysia on 4 and 5 February 2016. Dr Akio Mimura is the Senior Advisor and Honorary Chairman of Nippon Steel & Sumitomo Metal Corporation. The delegation sought to enhance the bilateral relationship between Japan and Malaysia, to support the globalization activities of Japanese SMEs, as well as to explore business development of Japanese companies in and with Malaysia, and to look for collaboration possibilities with Malaysian companies.
With these objectives, JCCI and MAJECA jointly organized the “Malaysia-Japan Economic Forum” on 4 February 2016 at the Mandarin Oriental Hotel, Kuala Lumpur.
The Forum highlighted the business potential in Malaysia, focusing on 2 primary topics:-
(i) Energy Issues & Concerns/ Energy Efficiency,
(ii) Malaysia’s position as a Halal Hub
Dr. Akio Mimura, Chairman of the Japan Chamber of Commerce & Industry (JCCI) delivered the Opening Remarks and Tan Sri Azman Hashim, President of MAJECA delivered the Welcome Remarks at the Forum.
The Second Minister of International Trade and Industry, Malaysia, YB Dato’ Seri Ong Ka Chuan delivered the Keynote Speech at the Forum. In his Keynote Speech, the Second MITI Minister gave an update on Malaysia’s Economy and also addressed issues on economic integration, particularly through TPP, RCEP and the ASEAN Economic Community (AEC) and offered encouragement and support from the Malaysian Government on how these regional platforms can enhance Malaysia’s economic growth and global market reach through the Japanese participation in the various economic sectors.
Datuk Seri Mohamed Iqbal, Vice-President and Honorary Secretary of MAJECA and Mr Toru Ishida, President of JCCI and Tokyo Chamber of Commerce & Industry chaired the Panel Session 2.
Session 2 speakers included:-
(a) Energy Issues & Concerns/Energy Efficiency
(i) Ms Zuaida Abdullah, Director, Clean Technology & Environment Management Division, Malaysian Investment Development Authority (MIDA)
(ii) Mr Kazuaki Kama, Chairman of the Board, IHI Corporation, Japan
(b) Halal Food Supply Chain
(i) Mr Mohd Aminuddin Sham Tajuddin, Director of Food, Biotech and Halal Section, Malaysia External Trade Development Corporation (MATRADE)
(ii) Mr Nasser Abu Bakar, Associate Director, Brahims Holding Berhad
(iii) Mr Toshiro Uchida, Executive Officer, International Business Headquarters, Nippon Express Co. Ltd., Japan
80 MAJECA members from 50 companies together with 54 JCCI delegates from 23 companies, attended the Forum.
Some of the newspaper cuttings on the event
Visit of Mr Akira Kajita, Managing Director, JETRO and Team to MAJECA Secretariat on 18 February 2016
Mr Akira Kajita, Managing Director of JETRO, Kuala Lumpur office together with Mr Yoshihisa Takenaga, Senior Director and Mr Rasol Abu Bakar, Director visited MAJECA Secretariat on 18 February 2016 and met Ms Ng Su Fun, Executive Secretary and Ms Florence Khoo, Asst. Executive Secretariat of MAJECA.
JETRO will be organising an “Invest Japan Symposium” on 15 March 2016 at the Mandarin Oriental Hotel, Kuala Lumpur.
MAJECA is a supporting organisation of this symposium together with MATRADE and MIDA. The event is supported by:
- The Ministry of International Trade & Industry (MITI), Malaysia
- Ministry of Economy, Trade and Industry (METI), Japan
- Embassy of Japan in Malaysia
- The Japanese Chamber of Trade & Industry, Malaysia (JACTIM)
- ASEAN Business Club and ASEAN BAC
1.0 The 41st ASEAN-Japan Business Meeting (AJBM) was successfully held at the Fullerton Hotel, Singapore on 12 October 2015.
2.0 The theme of the Conference was “Thoughts Connected, Futures Connected” in line with the future of ASEAN and Japan in the next 50 years.
3.0 The Japanese side was led by Mr Toshiyuki Shiga, Co-Chair, Asia/Middle-East-Japan Relations Committee of Keizai Doyukai and concurrently, Vice-Chairman of Nissan Motor Co. Ltd, together with Mr Koichi Kawana, Co-Chair of Asia/Middle East-Japan Relations Committee, Keizai Doyukai concurrently, President and Representative Director of JGC Corporation.
The Chairman and Co-Chair of the 41st AJBM was Mr Cecil Leong, CEO of Mayer Brown Consulting, Singapore.
4.0 Opening Ceremony
- Welcome Remarks were delivered by:
- Dr Robert Yap, Chair, ASEAN Business Advisory Council, Singapore Chapter; Chairman, ASEAN Business Group, Singapore Business Federation (SBF)
- Mr Toshiyuki Shiga, Co-Chair, Asia/Middle East-Japan Relations Committee, Keizai Doyukai
- The message from Prime Minister Abe was delivered by H.E. Haruhisa Takeushi, Ambassador of Japan to Singapore.
- There was no Special Guest of Honour from the Singapore Government.
5.0 Panel Session 1 – Winning in an ever-changing ASEAN: The Future of the Regional Operating Model.
The keynote speaker was Ms Alison Kennedy, MD, ASEAN, Accenture Strategy and the Moderator was Mr Chikatomo Hodo of Accenture, Japan.
• This panel was tasked to address the immediate opportunities facing ASEAN, Japan and the region and sought to examine and discuss the solutions that can help us to respond to challenges in our supply chain.
• ASEAN is changing rapidly. ASEAN is growing and will become the world’s 6th largest GDP by 2020 through consistent economic growth with a projected population of 680 million by 2020. The diversity of ASEAN demographics is a favourable asset, with rising disposable incomes fueling rapid urbanization. This will in turn, fuel consumption growth drivers.
• The challenges before ASEAN include different economic models and political systems and different currencies. With ASEAN Economic Community (AEC) in place on 1 Jan 2016, there are many opportunities but also many issues to navigate.
• Japanese businesses continue to expand across ASEAN and we have witnessed their switch from China back to ASEAN, with a focus on promoting regional-wide operations.
• In order to take advantage of the emerging opportunities in ASEAN, companies need to focus on 5 key capabilities and leverage on them. These include:
1) Local market strategy – localize market and consumer offerings through deeper understanding of individual customer needs, preferences and lifestyles.
- How do we use customer analytics to understand the customer, what they want/how fast they want it and if investments are working to drive customer retention, loyalty and growth?
- How do companies develop the right combination of digital and traditional investments needed to deliver a multi-channel/ omnichannel customer experience?
2) Agile operations – Flexible operations to sense and quickly respond to the market changes and optimize inventory, asset footprint, etc. regionally.
- How can our operations respond quickly to demand, both in facilities and across a global network? How can we reduce product and operations complexity?
- What operating model will help us quickly respond to business and market volatility? How can we leverage ecosystem collaboration? What is the role of M&A in our operating model?
3) Leverage workforce diversity – leverage ASEAN workforce diversity (cost, demographic, skills) to optimize operations.
- What should ASEAN talent strategy for our core workforces (engineering, manufacturing, planning) be? How do we manage change within the organization? What new roles/skills will be needed? How do we attract “digital natives”?
- How will digital impact ASEAN talent strategy? How can we virtualize my talent pool? (e.g. crowdsourcing)?
4) Digital innovation – drive new level of customer engagement and competitive advantage through disruptive and innovative ideas.
- How do we fuel technology-led innovation and frugal innovation? How can digital boost our innovation strategy to create market differentiation?
- How can organisations respond to the digital disruption that is impacting their growth agenda from digital customers to create a digital strategy?
5) Optimal Cross-border operations – compliant, cost effective cross border product flow through an optimized regional network.
- How does the trading play a critical role in the ASEAN business?
- How do you see the future state of trade facilitation operations by leveraging digital?
6.0 Panel Session 2 – Business Integration : Closer ASEAN & Japan Partnerships
- The keynote speaker was Mr Kazumi Nishikawa, Executive Director of JETRO Singapore and Special Advisor to the Minister, Ministry of Economy, Trade and Industry (METI). The moderator was Mr Paul Theiss, Chairman, Mayer Brown.
- This session aimed to explore opportunities for greater regional business integration and collaboration via platforms such as the AEC, the Regional Comprehensive Economic Partnership (RCEP) and the Trans Pacific Partnership Agreement (TPPA).
- ASEAN Economic integration will continue towards AEC 2025. The speed and quality of Asian integration will determine the ‘success’ of AEC 2025. Foreign MNCs have been looked upon to raise the level of ambitions of AEC 2025.
- The old image of industrial structure of ASEAN countries include:
- National flagship businesses (SOE, conglomerate) e.g. Singapore Airlines, Maybank, Singtel
- Regional/global business : MNC and affiliated SMEs e.g. Toyota, GE, Dannon.
- Infrastructure, real estate, retail, services e.g. Central, Ayala.
- Industrial structural reform is important and needed as this will encourage new movements via:
- Strategic alliances among different nationalities as well as among different corporate culture.
- Conglomerate expansion with/including region wide SME partnerships.
- To note the increasing expansion of Chinese companies to Asia (especially in the finance, real estate and services sector).
- The emergence of young entrepreneurship especially in IT, e-commerce, healthcare, tourism.
- Emergence of “ASEAN Company” or “Asian Company” e.g. AirAsia, CIMB, Jebsen & Jessen.
- Government-led market integration (sub-regional, ASEAN-wide or Asian-wide) can provide the momentum and/or accelerate company-led business integration (be it intra-ASEAN, Asian-wide, MNC/SME) and vice-versa.
7.0 Panel Session 3 – Regional Opportunities in Selected ASEAN Countries
The moderator of this Session was H.E. Teng Theng Dar, Singapore’s Non-resident Ambassador to the Sultanate of Oman. This Session aimed to look at country specific initiatives and possibilities covering dynamic and evolving economies in the region.
7.1 Ascendas – Singbridge (Singapore) – a leading provider of integrated and sustainable urban business environments.
The world today is faced with:
– slowing global economy (inspite of a vibrant ‘shadow’ economy – what else is driving the economy that has yet to be captured?
– China effect – OBOR (One Belt One Road – the new silk road), rising Chinese entrepreneurship
– Anticipated rising interest rates, oil and commodity price
– Security threats and migrant crisis issues.
7.2 Sumitomo Mitsui Banking Corporation in Indonesia.
- SMBC aims to become a global financial group to lead Asia’s development.
- It provides a wide range of financial solutions to existing corporate clients, and expanding target to include new medium sized clients.
- SMBC gave example of its services in Indonesia.
7.3 PT Catur Yasa (Indonesia)
- Indonesia faces the challenge of connectivity, due to its large geographical spread of many islands.
- These challenges present opportunities for infrastructure development in the areas of:
a) Roads and rail construction
b) Energy infrastructure (petrol, coal, and gas, renewable energy)
c) Maritime facility infrastructure – development of 7 key major ports.
7.4 ANCO Group (Cambodia)
- Special economic zone in Poipet – border of Cambodia and Myanmar. Border town Poipet has an economic zone with Japanese investments, creating many jobs for the locals.
- Much more foreign investment and infrastructure development is needed.
7.5 Mayer Brown (Myanmar)
- Mayer Brown is assisting Myanmar to develop a number of power projects, besides infrastructure such as telco tower financing, hotel management agreements and international/Myanmar JVs.
- Myanmar’s laws are still at infant stages and still developing.
Japan Keizai Doyukai announced that the 42nd AJBM will be held in Japan in 2016.
9.0 42nd Steering Committee Meeting
The next Steering Committee Meeting for the 42nd AJBM will be held in Cambodia.
Malaysia’s “Look East Policy”, which has helped Malaysia’s industrial development programme over three decades was given recognition at the 6th Asian Business Summit held in Tokyo, Japan on 12th and 13th July 2015. “This is a tribute to Malaysia and is being looked at as a model for some Asian countries,” said Datuk Seri Mohamed Iqbal Rawther, Vice-President of MAJECA – Malaysia-Japan Economic Association and Director of the Look East Policy Centre, Malaysia. Datuk Seri Iqbal was Malaysia’s representative to the 6th Asian Business Summit, which was attended by fourteen Economic and Business Federations from twelve countries. The Summit was hosted by KEIDANREN, the Federation of Corporate Executives of Japan.
The Summit addressed some of the key challenges faced by Asian economies and how businesses should position to face the global volatilities as well as take advantage of the rising importance and influence of Asia on the world arena.
Regional integration issues, especially the prospect of the ASEAN Economic Community (AEC) and the Regional Comprehensive Economic Partnership (RCEP) initiatives were discussed. Infrastructure development prerogatives and the financing of large-scale projects for transportation and port facilities for increasing trade flows between countries within Asia and linkages to the rest of the world, were given special focus.
The outcome of the Summit and the recommendations, endorsed by the delegates, were contained in a Joint Statement presented by the Chairman of KEIDANREN, Dr. Sadayuki Sakakibara to the Prime Minister of Japan, Mr Shinzo Abe, at the Special Session of the Summit.