Selamat Tahun Baru 2009! - Boustead Holdings Berhad

eritaBoustead
October - December 2008
For internal circulation only
Royale Bintang KL
presents Raya cake to
Yang di-Pertuan Agong
pg 3
u
r
a
B
n
u
h
a
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Selamat2009!
PV5 is now
'Kapal Ronda
TLDM Kelantan'
pg 6
Perutusan
Pengarah
Urusan
Kumpulan
Group
Managing
Director's
message
YBhg Tan Sri Dato’ Lodin Wok Kamaruddin
Dear fellow Bousteadians,
Staf Boustead yang dihargai,
As I pen these few words to you, I recalled my message
in the previous Berita Boustead and indeed since then,
the world’s financial market and dare I say financial
structure continues to spiral down.
Ketika menulis perutusan ini kepada anda, saya teringat
kepada pesanan saya di dalam Berita Boustead sebelum ini
dan sesungguhnya tidak lama kemudian, pasaran kewangan
dunia dan berani saya berkata struktur kewangan terus
merosot.
Alhamdulillah, the Boustead Group remains resilient
and continues to weather this storm. For the first ninemonths of this very choppy financial year, we recorded
an unaudited profit before tax of RM658 million on the
back of a turnover of RM5.8 billion, compared with the
corresponding period for the previous financial year’s
profit of RM502 million. This significant jump in profit
before tax represents an increase of 31% on a year-onyear basis.
Alhamdulillah, Kumpulan Boustead sentiasa teguh dan
mampu bertahan mengharungi keadaan ini. Bagi sembilan
bulan pertama tahun kewangan yang sukar ini, kita telah
mencatatkan keuntungan sebelum cukai yang belum diaudit
sebanyak RM658 juta di atas perolehan sebanyak RM5.8
bilion, berbanding RM502 juta dalam tempoh yang sama
pada tahun sebelumnya. Kenaikan ketara dalam keuntungan
sebelum cukai ini mencerminkan peningkatan sebanyak 31%
berdasarkan tahun ke tahun.
We would not have been able to achieve such strong
results if not for the diversified nature of our Group. Our
current earnings structure places us in a strong position
as our revenue is not pegged to any one particular
sector.
Kita tidak mungkin dapat mencapai keputusan yang amat
baik ini sekiranya bukan kerana kegiatan Kumpulan kita yang
pelbagai. Struktur perolehan kita pada masa ini membolehkan
kita berada dalam keadaan kukuh kerana pendapatan kita
tidak terhad kepada satu sektor tertentu sahaja.
The current volatile economic landscape has also brought
into focus the need for greater risk management. With
market conditions the way it is, we are left with little
room for complacency towards risk management. I urge
all fellow Boustedians to take greater care with this
matter. We must maximise our strengths and minimise
our weaknesses now more than ever.
Keadaan ekonomi yang bergolak hebat pada masa ini
juga telah membawa perhatian kita kepada pentingnya
pengurusan risiko yang lebih tinggi. Dengan keadaan pasaran
yang sebegini, kita tidak boleh berasa puas hati terhadap
pengurusan risiko kita. Saya menyeru agar semua staf
Boustead memberi lebih perhatian terhadap perkara ini. Kita
perlu memaksimumkan kekuatan kita dan mengurangkan
kelemahan kita lebih-lebih lagi pada masa ini.
With the global economy set to experience another
challenging year, this has only emphasised the need for
each department to review its expenditure to operate
in a cost-effective manner. Adopting these measures
will ensure optimal management of our resources and
will enable the Group to enjoy sustained growth for the
coming year.
Dengan ekonomi global yang bakal menghadapi satu lagi
tahun yang mencabar, setiap jabatan perlulah mengkaji semula
perbelanjaannya agar dapat beroperasi secara kos efektif
lagi. Langkah-langkah yang diambil ini, dapat memastikan
agar sumber-sumber kita dapat diurus secara optima. Ini
membolehkan Kumpulan menikmati pertumbuhan berterusan
untuk tahun yang akan datang.
Before I conclude, I am confident our results for the final
quarter of this financial year will help us close this year
on a very strong note. As we look towards next year, we
must remain strong, creative and diligent to overcome
the challenges that will come our way.
Last but not least, I would like to wish all of you a very
happy New Year. May 2009 find you in good spirits and
bring many opportunities your way.
Sebelum mengakhiri perutusan ini, saya yakin keputusan
bagi suku akhir tahun kewangan ini dapat membantu kita
mengakhiri tahun ini dengan baik sekali. Dalam menyambut
tahun baru, kita mestilah sentiasa kuat, kreatif dan tekun bagi
menghadapi cabaran-cabaran yang akan kita tempuhi.
Akhir sekali, saya ingin mengucapkan Selamat Tahun Baru
kepada anda semua. Semoga tahun 2009 membuat anda
lebih bersemangat dan membuka lebih banyak peluang untuk
anda.
Royale Bintang KL
presents Raya cake to
Yang di-Pertuan Agong
T
he Royale Bintang Kuala Lumpur recently presented
a symbolic cake of ‘lemang’ to His Majesty Seri
Paduka Baginda Yang di-Pertuan Agong, Tuanku
Mizan Zainal Abidin and Her Majesty Seri Paduka
Baginda Raja Permaisuri Agong, Tuanku Nur Zahirah in
conjunction with the Hari Raya Aidil Fitri.
Represented the hotel during the cake presentation
ceremony at the Istana Hotel on 29 September 2008
were Mr Leo Kuscher, The Royale Chulan Kuala Lumpur's
General Manager, Ms Suzanne Lim, Group Marketing
Communications Manager and Chef Azmi Mohd T’eh,
Executive Chef Raja - Pastry Chef De Partie.
Representatives from
The Royale Chulan Kua
la Lumpur with the ma
Left to right: Siti Sapiah
sterpiece.
, Senior Sales Manag
er, Chef Azmi and Kus
cher
Boustead holds EGM to get shareholders’ nod
for disposal of plantation assets
B
oustead Holdings Berhad recently held an Extraordinary
General Meeting (EGM) to obtain its shareholders’ approval in
relation to the proposed disposal of its plantation assets. The
EGM was held on 9 December 2008 at the Conference Room, 4th
Floor, Menara Boustead.
At the EGM, shareholders approved the proposed disposal of the
plantation assets comprising Malakoff and Bebar estates for RM188.8
million to the Al-Hadharah Boustead REIT and the subsequent lease
of the estates to Boustead Plantations Berhad. The sale would be
paid through cash and issuance of consideration units.
an issue
A shareholder seeking clarification on
With the injection of the two estates, Al-Hadharah Boustead REIT’s
existing asset portfolio would increase from 12,680 hectares to
16,420 hectares and its investment properties portfolio value would
increase to RM805 million. Boustead’s current unit holding in the
REIT would rise to 337 million units or 60.5%, from 53.4%.
Al-Hadharah
Boustead REIT's
Unitholders’ Meeting
A
l-Hadharah Boustead REIT held its first Unitholders’ Meeting
on 9 December 2008 at the Conference Room, 4th Floor,
Menara Boustead. The meeting was chaired by Tn Hj
Kamaludin Abdul Kadir, an independent Director of Boustead REIT
Managers Sdn Bhd, being the Manager of Al-Hadharah Boustead
REIT.
Several questions and issues were raised by the unitholders
during the meeting. The Unitholders’ Meeting saw all resolutions
put forward being passed by the unitholders. These resolutions
include the Proposed Acquisition and Lease, Proposed Issuance of
Consideration Units, Increase in Al-Hadharah Boustead REIT ‘s Fund
Size and Proposed General Mandate to issue additional units.
The unitholders’ meeting in
session
special feature
PASSIONS
In an interview with the PASSIONS magazine recently,
our Group Managing Director spoke on his hopes and
aspirations for the future of Malaysia which he would
like to share with all Bousteadians. This special feature
in Berita Boustead is reprinted courtesy of PASSIONS
magazine – ‘For Those Who Lead Extraordinary Lives.’
PASSIONS spoke with the Group Managing Director of one of Malaysia’s oldest
conglomerates, Boustead Holdings Berhad, Tan Sri Dato’ Lodin Wok Kamaruddin,
on his hopes and aspirations for the future of Malaysia. The veteran businessman
who also serves as the Managing Director of Aff in Holdings Berhad and the
Chief Executive of Lembaga Tabung Angkatan Tentera (LTAT – The Armed
Forces Provident Fund) among many others, was eloquently expressive, in the
dignif ied, soft spoken mannerisms of a truly cultured man.
W
hen we asked him the first question, “What
does it feel like to be a Malaysian today?”
Tan Sri Lodin gave us a smile, and immediately
replied, “I’ve always been proud to be a Malaysian because it’s
a wonderful country, with great weather, clean environment,
a diversity of race and culture, and people living in peace and
harmony, which makes the country interesting.” He stressed
that Malaysia is a land of opportunity, and that it depends on
whether the people “want to take advantage and make full
use of the opportunity available to them.”
Tan Sri Lodin explained that as “our forefathers have laid a
good foundation,” Malaysia has become “a peaceful, stable
country, and it’s easy for people to earn a living here.” With the
various programmes and incentives offered and the essential
stability of the country, Malaysia has certainly managed to
attract the investments of a lot of foreign investors.
“But of course, with such diversity, there’s bound to be
challenges. It is prevalent in every country in the world. If we
don’t face these kinds of challenges, it won’t be exciting.” He
mentions that the people have to decide on these matters as
they have to “go the extra mile to make sure that the country
continues to progress steadily” and “continue to carry on the
established foundation our forefathers have left us, as it is up
to the newer generations to plan and map out the future, and
then act on it.”
“To be an economic superpower in Asia, we have to first
convince foreign investors that Malaysia is a stable and
peaceful country. Secondly, we have to convince them that our
people are resilient, in the sense that they have a competent
understanding of technological advancement, communication
skills and work skills. We have to make sure that Malaysia gives
more emphasis on quality of work, and communication skills
such as the ability to speak English fluently and communicate
well, which can put us ahead of others.”
“We have to adapt to the new environment – the global
environment – and we can’t run away from that. I think that
there are many innovations brought in by foreign investors and
visitors which are considered new to us. Our people are now
exposed to a lot of cultures and system of values that were
previously foreign to us in the past, but we have to learn how
to adapt and accept this type of change for us to be a part of
the global system. And I view this as a positive development.
We must – at every opportunity – take advantage of it and
thrive on it to make our country stronger and more resilient
to any global changes. In this way, we will be assured of our
place in the global system.”
“Universities also play an important role in providing education
and a qualified workforce for the economy. For the last ten
to fifteen years, you see a lot of new universities being
established, and this development is not only confined to
the Klang Valley. Now it is being spread out in all parts of
Malaysia, which is good. Previously, the emphasis was on
quantity, but of late the focus has been more on the quality, so
we’ll be able to generate high quality graduates in the market,
and that will make a difference. The future generation and
the generation now are skilled, intelligent, focused and fluent
in the English language. And the fact that the government
has also allowed good foreign universities to be set up in our
country, for example, the University of Nottingham – it’s a
good step in trying to establish a good standard and a good
benchmark for all the local universities here.”
“I’m quite concerned about the gap between the rich and the
poor. I think this is an issue we have to address, if we want
a good and peaceful country. We must make sure that the
gap between the haves and the have-nots is narrowed for
the middle class to thrive. The spirit of ‘Malaysia Boleh,’ our
peace and harmony must be maintained,” says Tan Sri Lodin
when asked which issues Malaysia should address.
For the advancement of the country, Tan Sri Lodin opines that
“there must be a lot of give and take, and a lot of compromise.
We have to get the new generation to understand how to live
in harmony with one another. And although it’s not easy to
get all the different races and cultures in Malaysia to live in
the same country peacefully and harmoniously, we have to try.
Our forefathers were very successful in doing that, and there’s
no reason why we cannot continue.”
“Foreign investors would like to see stability and continuity
in place. As I said, we do face hiccups here and there, but
this is part of the growing process. One thing good about
Malaysia is that we recognise our shortcomings and we have
got farsighted, visionary leaders who recognise all these issues,
and are taking steps to resolve them.”
Tan Sri Lodin hopes for every Malaysian to have their own
home and a decent job, “to love their country and be able to
live in harmony, help each other in times of need, understand
and appreciate each others’ values, cultures and religious
differences, and to accept that as part and parcel of the
Malaysian community.”
Tan Sri Lodin is an old school Malaysian from the true golden era of Malaysian values, where
impeccable mannerisms, oodles of class and dignity, passion and a heart warm enough
to encompass concern for the entire nation, are just everyday values.
As such, interviewing him was not just a pleasure, it promptly made our day.
He doesn’t smile easily, but when he does, it lifts your heart a little and the room seems brighter.
Was the impression given merely because he is Tan Sri Dato' Lodin Wok Kamaruddin, Group
Managing Director of one of Malaysia’s oldest conglomerates, Boustead Holdings Berhad? No.
We believe it’s because it’s not everyday you meet a powerful, important man who transcends the
“I am here – you are there” boundary and speaks simply, eloquently and with so much genuine
sincerity and passion for a country that he obviously loves so very dearly.
He concluded the interview with a prayer for all Malaysians, “I always pray and hope for
this country to remain peaceful and stable, and for all of us to benefit, not just a particular
group, but the whole society. The cake is big – let’s grow it and share it well among all
of the citizens of this country.”
Beautifully put, Tan Sri. And PASSIONS joins you in that same prayer for a strong, capable,
and happy Malaysia that will know no bounds in her quest to be all that she can be.
wered with
The ship being shorful fireworks
lou
co
d
an
tti
nfe
co
Distinguished guests admiring a model of the Kapal Ronda TLDM Kelantan
PV5 is now
'Kapal Ronda TLDM Kelantan'
O
n 24 November 2008, Boustead Naval Shipyard Sdn Bhd (BN
Shipyard) was honoured to have the presence of KDYMM Al-Sultan
Kelantan, Tuanku Ismail Petra Ibni Al-Marhum Sultan Yahya Petra and
DYMM Raja Perempuan Kelantan Tengku Anis Binti Almarhum Tengku Abdul
Hamid for the Naming Ceremony of PV5 (Patrol Vessel 5).
The Naming Ceremony is a part of the naval tradition
to commemorate the naming of a ship. The highlight of
the PV5 Naming Ceremony was when Raja Perempuan
Kelantan declared the name of PV5 as ‘Kapal Ronda
TLDM Kelantan,’ and turned the ship wheel to signify
the moment. A labu sayong filled with 'yassin' water
was released to hit the ship’s bow, bathing the ship with
the holy water. The Royal Malaysian Navy band played
the brass band music, and the ship was showered with
the release of confetti and colourful fireworks.
Press confer
ence in sess
ion
The PV5 Naming Ceremony was a culmination of the
combined efforts of both the Royal Malaysian Navy
and our dedicated staff.
The committed and dedicated team behind the successful event
BN Shipyard’s Group Managing Director, YBhg Dato’
Seri Ahmad Ramli Mohd Nor said, “the naming event
is significant as it represents yet another milestone
of our ability to deliver the patrol vessel despite the
hurdles faced.”
Boustead Emastulin appointed dealer for Chery cars
B
oustead Emastulin Sdn Bhd recently signed an agreement with Chery Alado Automobile Sdn Bhd,
a local distributor of Chery cars in Malaysia, on 10 November 2008 to be its dealer.
Under this agreement, Boustead Emastulin will distribute Chery MPV and SUV models namely,
Chery Eastar and Chery Tiggo respectively in the Klang Valley.
“We have great confidence in the China-made cars and hope that the appointment will add value to
our bottom line soon,” said its Executive Director, En Rahim Mohd Som.
Founded in 1997, Chery has grown to become a major player and ranked fourth in China in both 2006
and 2007, third in 2008, and now holds a 7.5% market share in the expanding and highly competitive
Chinese passenger vehicle market.
Director's
Profile
YBhg Laksamana Madya
Dato' Seri Ahmad Ramli
Haji Mohd Nor (R)
QUALIFICATION
Received training at the Britannia Royal Naval College in
Dartmouth, United Kingdom. A graduate of the Indonesian
Naval Staff College and Naval War College in the United States.
Attended the Naval Post Graduate School in Monterey, the
United States.
Holds a Master in Public Administration from Harvard University.
DATE OF JOINING BOUSTEAD
17 August 2005
CURRENT POSITION
Executive Deputy Chairman/Group Managing Director Boustead Heavy Industries Group
NATURE OF JOB
Leadership role for the Heavy Industries Division of the Boustead
Group, which encompasses shipbuilding, ship repair, heavy
engineering (including oil & gas fabrication) and defence-related
businesses.
WORKING EXPERIENCE & OCCUPATION
More than 34 years of service with the Royal Malaysian Navy,
retiring from the service as the Chief of Navy in October 1998.
Major Military Appointments:
Director, National Maritime Enforcement and Coordinating
Centre, Prime Minister's Department
1987 – 1991
Deputy Chief of Navy
1991 – 1994
Fleet Operation Commander
1994 – 1995
Deputy Chief of Navy
1995
Chief of Navy
1995
Serves as a member of the Board of Directors in both private
and public companies including Boustead Heavy Industries
Corporation Berhad, Boustead Naval Shipyard Sdn Bhd, Affin
Bank Berhad, Affin Islamic Bank Berhad, Muhibbah Engineering
Berhad, Favelle Favco Berhad and Comintel Corporation Berhad.
at Federal and State levels, and also international
recognition including Legion of Merit (Degree of
Commander) from the United States in 1997, the
Royal Government of Thailand, the Knight Grand
Cross (First Class) in 1998, and the Islamic Republic
of Pakistan, the Hilal-I-Imtiaz in 1998.
• Led the successful restructuring exercise of Boustead
Heavy Industries Corporation Berhad (formerly
known as PSC Industries Berhad) which was
completed in August 2007.
• Led Boustead Naval Shipyard Sdn Bhd to resume the
construction and subsequently the successful delivery
of the first and second patrol vessels to the Royal
Malaysian Navy.
WORK ATTITUDE AND LEADERSHIP
• “Leadership is important, but without teamwork,
success cannot be achieved.”
• “To command respect, integrity is important in a
leader.”
• “As a leader, I would rather have my team to work
with me, and not for me.”
• “I believe in giving everyone another opportunity to
prove themselves, but they must ensure they do not
disappoint the trust placed in them.”
HOPES AND ASPIRATIONS
• To transform the Heavy Industries Division into a
leader in the maritime industry.
• To develop our human capital in all aspects, not only
for our benefit, but also for the nation.
Presently the Chairman of Maritime Institute of Malaysia, the
Chairman of Association of Marine Industries of Malaysia,
Deputy President of the Harvard Club of Malaysia.
MEMORABLE WORKING EXPERIENCE
• Dealing with numerous parties during the
restructuring exercise of Boustead Heavy Industries
Corporation and Boustead Naval Shipyard. “It
was not easy to deal with the lenders, suppliers,
employees and clients at first, but I am grateful they
place their trust in us (Boustead) and supported our
team.”
ACHIEVEMENTS
• Appointed as the Chief of Navy in 1995.
• While in the military service, received various awards, both
INGREDIENT FOR SUCCESS
• "There is much to gain in humility, and much to
loose due to arrogance."
There is much to gain in humility, and
much to loose due to arrogance
infiniti
drives performance and fuel economy
Participants going through the survey form
T
he infiniti fuel by BHPetrol has won thumbs up in a recent
independent survey conducted with 60 drivers.
“Despite driving a 5-year old car, I felt my car running
effortlessly and I truly enjoyed using the petrol,” she said.
All the participants who took part in the X-Factor Fuel Challenge
last June 2008 were more than satisfied with the performance of
the ‘X fuel.’ 95% enjoyed better mileage while 93% experienced
smoother driving.
BHPetrol’s Managing Director, Mr Tan Kim Thiam said BHPetrol
would continue to evolve and upgrade its products and services
to meet the demands of today’s consumers who wanted more
innovative products that made life simpler for them.
One of the participants in the focus group survey, Yvonne Lim,
a Counsellor, said she achieved more mileage than she usually
did and experienced smoother driving condition.
In addition, 87% of the drivers felt that they were using
a premium grade petrol and 85% believed that the petrol
enhanced the performance of their vehicle.
“Today’s event marked another milestone for BHPetrol as the
results of the blind test clearly demonstrate the company’s
commitment to be technically superior,” he said. “We are
excited that the results of the blind test reflect our commitment
to creating a more advanced fuel that offers more mileage,
improves the engine’s performance and responsiveness and
reduces engine noise,” Tan added.
Another survey participant, Muhamad Syawal Abu Hassan, an
Engineer, said he felt an almost immediate change with the
performance of his car. “It was as if I was using a premium
grade petrol,” he said.
So, if you think you are using a superior fuel and satisfied with
its performance and mileage – think again. Perhaps it is time
to try our infiniti by BHPetrol and experience the difference for
yourself!
Mastura Mokhtar, an Administrative Officer said she also
experienced better mileage and the driving felt smoother.
*The survey was conducted by an independent party and was verified by an
international auditing firm.
BHP Mart offers convenience and
value added services for its community
B
HPetrol launched its first 24-hour convenience store ‘BHP Mart’
on 9 December 2008 at Dataran Sunway in Kota Damansara,
in an effort to always be at the forefront of customer service
and satisfaction.
The ‘one-stop centre’ convenience store that is independent of a
service station is meant to serve the surrounding community and
provide after hours convenience for the public.
BHPetrol’s Managing Director, Mr Tan Kim Thiam said that BHPetrol
was the first petroleum company that embarked on such concept to
further boosts its branding as well as getting closer to its community.
Apart from tidbits, magazines, food and chilled beverages, the onestop centre will also provide value-added services such as Poslink
ly launched BHP Mart
Retail seen inside the new
Tan and James Koo, GM
SIRIM
presents UAC
with safety
certifications
Koo unveiling a backdrop to officiate the event
13 August 2008 was an eventful day for UAC Berhad when SIRIM QAS
International Sdn Bhd officially presented the OHSAS 18001:2007
and MS 1722:2005 certifications to the company. The presentation
ceremony was held at the company’s factory in Ipoh, Perak.
About 150 employees within the Group assembled at the Crating Bay
at about 3.00pm, all smartly dressed in t-shirt themed ‘Live Healthy
Work Safely.’ Several representatives from Menara UAC, Petaling
Jaya as well as UAC Steel, Shah Alam were also invited to witness the
ceremony.
The event kicked off with a ‘doa’ recital by En Abdul Halim Ramli
from Sheet Finishing, followed by an opening address by Tn Hj Mohd
Koo receiving the safety certificate from Mohd Azam Md Yunus of SIRIM
Puzi Ramlan, the Management Representative (MR)
who highlighted the need for all employees to have
a safe and healthy working environment.
Senior management staff and guests reciting the Safety ‘Ikrar’
The event continued with a speech by UAC’s
Chief Executive Officer/Managing Director, Mr Koo
Hock Fee. On behalf of the Board of Directors, Mr
Koo conveyed his appreciation to all employees
who have worked hard in the preparation of the
manuals, procedures etc. He also emphasised the
company’s commitment to safety and that the
certifications were the reflection of the company’s
successful implementation of the safety systems.
postal services, e-Pay reload, Touch&Go services, ATMs etc. There will be a fresh snacks
corner where customers can get freshly made breads, pastries and hot drinks for a quick
refreshments or light meal.
Customers can also pay their
electricity, water, telephone
and mobile phone bills. Other
services provided are insurance
and road tax, photocopy,
fax services, printing and
lamination. These services are
provided from 8.00am until
9.30pm daily.
BHPetrol eCard users can also
redeem their points for some
selected items, on-the-spot at
BHP Mart.
BHP Mart’s one stop serv
ice point
A fresh snacks
corner
10
A group photo
BO
D
N
M
ADE I
A
US T E
The Accountant Trainee Programme
T
here are many requirements that one
needs to fulfil in order to be called a
Chartered Accountant. Two of the
most important requirements are 1) to
obtain a qualification from a professional
accountancy body; and 2) to obtain at
least three years of working experience
before one will be accepted as a member
of the professional accountancy body.
In Malaysia, it is a rare chance that
one can be accepted into a tailor-made
programme where one can fulfill both
requirements concurrently.
The History
It was in 1993 when the Boustead
Holdings Berhad (BHB) Accountant
Trainee Programme was initiated to offer
the Group’s resources to train accounting
professionals, thus contributing towards
the Group’s requirements and nation
building at large.
The programme,
which was spearheaded by the Goup’s
Director of Financial Services, Mr Daniel
Ebinesan, have accepted 43 trainees into
the programme since its commencement,
with pioneer trainees now heading the
finance department in various subsidiaries.
According to Mr Daniel, the Group had
hardly hired accountants from outside in
the last ten years as most positions have
been filled internally.
The Programme
BHB Accountant Trainee Programme
offers its trainees a chance to pursue
a professional accountancy course
from either The Malaysian Institute of
Certified Public Accountant (MICPA),
The Chartered Institute of Management
Accountant (CIMA) or the recently added
The Institute of Chartered Accountants in
England and Wales (ICAEW).
Selected trainees are expected to complete
the assigned courses within a three-year
period whilst going through a series of
on-the job training attachments with
various Group subsidiaries.
The Requirements
To be selected, one needs to fulfill a
certain set of criteria. A minimum of a
Second Class Upper Honours Degree or
equivalent from a recognised university is
a must. However, only the cream of the
cream, First Class Degree holders could be
considered for the ICAEW programme.
As a programme that envisage
grooming trainees into future leaders of
Boustead, only candidates with excellent
interpersonal and communication skills,
leadership potential, adaptability and
resourceful attributes are admitted.
The Attributes
What sets the Group’s programme apart
from a training attachment with an audit
firm is that it exposes the trainees with
actual accounting experiences and not
just limited to theories alone. Under this
programme, all trainees are expected
to undertake hands on accounting
responsibilities such as financial reporting,
management accounting, taxation,
business exposures and much more that
will in turn assist them to understand their
professional courses and appreciate the
qualification better. Apart from that, the
trainees will also be able to interact with
people of all levels in the Group which
will help them to value the importance
of humility and teamwork. Through this
channel, the trainees are able to sharpen
their people skills, a 'soft' aptitude which is
essential in climbing up the management
ladder.
11
In addition to that, the trainees are also exposed to the Group’s Senior
Management level. This, by far, carries the biggest value of the programme
since one can rarely experience interacting with Senior Management in
other big organisations. This exposes the trainees with opportunities to
acquire the required management skills and leadership abilities to assist them
in their future development with the Group.
The mentoring system is another feature of the programme that is beneficial
for the development of the trainees. A mentor is assigned to a group of
trainees to oversee their studies and career development. Mentors, who
are usually the Senior Finance Heads, are responsible to assist, motivate and
guide the trainees to achieve the programme’s objectives. Ms Josephine
Wong, Mr Peramjeet Singh, Ms Cheah Swee Choo and Ms Goh Sup Chien
were the selected mentors that had been the backbone of the past batches
of the Accountant Trainee Programme.
Moving forward, Mr Daniel aspires for the senior batch of the programme
to continue the mentoring tradition by taking on the role as mentors for the
junior trainees. This in turn will brush up their leadership skills and will also
enable them to pass on the valuable experience that they have acquired
throughout the programme.
The Products
The BHB Accountant Trainee Programme has produced good quality finance
heads and accountants that are currently serving various Group subsidiaries.
These seniors have been with the Group for over 13 years and are mostly
Grade E Managers.
QUOTABLE QUOTES
What do you think of Boustead’s move in introducing
the programme?
Boustead deserves recognition and praise with regard to
these training programmes. Very few organisations have the
foresight and vision to see that investing in the training of
professionals will result in future benefits for the company.
Teo - Management Trainee, ICAEW Programme
It’s a good move because it provides good accounting
trainings and give us diverse knowledge and experience
in many areas of the business. CIMA even recommended
Boustead to me and that’s why I’m here!
Nik Masleen - Management Trainee, CIMA Programme
What are the challenges faced while you were in the
programme?
Of course it was not easy to juggle between work, study,
family and leisure. You need to be mentally, emotionally
and physically strong. Also, you need to discipline yourself
to ensure that revision are done regularly and not at the
very last minute.
Jazmi - Finance Manager, Boustead Curve
What are your views of the programme?
Personally, I'm satisfied that I'm leaving something behind
for the Group, the future accountants - the good qualified
accountants as a legacy.
It is like a student-teacher feeling. I feel good and proud
every time I see trainees passing exams and come to see
me to thank me.
Mr Daniel Ebinesan - Director, Financial Services
To what extent has Boustead Holdings Berhad’s
Accountant Trainee Programme helped you in your
career development?
Daniel sharing some valuable insights about his own accounting experience with his team
They are:
• Adzli Shaferul Ramli, Group Accountant, BHB
• Ng Foong Khen, Finance Manager, BHB
• Noorulhadi Mohamed, Manager - Financial Solutions, BHB
• Norlymalis Jazmi Kamaruddin, Head of Finance, Boustead Curve Sdn
Bhd
• Mohamad Mahazir Mustaffa, Finance & Administration Manager,
Boustead Engineering Sdn Bhd
• Nazri Suhaimie Mohd Nasir, Finance & Administration Manager, Boustead
Shipping Agencies Sdn Bhd
• Syarifah Nadia Syed Abdul Rahman, Finance & Administration Manager,
Boustead Travel Services Sdn Bhd
The Outlook
The Group will continue to recruit trainees for the programme in order to
ensure the continuity of the accountant succession plan.
However, the career and development prospect for the trainees does not
end there. Mr Daniel has shared the management’s plan to create another
programme, The General Management Programme, whereby the senior
trainees from the Accountant Trainee Programme will be trained to acquire
the required management and leadership skills in order to take over as
leaders of the Boustead Group. And that, my friend, is the icing on the
cake!
Apart from the generous financial backing, I feel one of
the most important parts of this programme is its mentors.
Currently, I have two of the best in Ms Josephine and En
Adzli. I learn a lot from them everyday. I also have to credit
my previous mentor, En Mahazir, and thank Mr Daniel
Ebinesan for giving me this tremendous opportunity. I
know I can really grow as an employee and as a person in
this programme.
Fazril - Management Trainee, MICPA Programme
In what way has the programme helped you with your
current job/responsibilities?
After having been to several subsidiaries, you learn a lot
from many different people. This invaluable knowledge,
apart from the paper qualification gained, will broaden your
view which will assist you in your job.
Syarifah Nadia - Finance Manager and
a Qualified Accountant (CIMA)
What is the most memorable experience you had during
your tenure as a mentor for the programme?
There are a lot of happy memories, especially when one of
my trainees passes a paper or qualifies to become a member
of a professional body. News of marriages as well as the
birth of their children, promotions and praises always bring
a smile to my face.
Mr Peramjeet Singh - Senior General Manager,
Finance and Mentor
12
Boustead Plantations Sabah
Family Day 2008
A
bout 770 Bousteadians from the
Plantation Division, Group Internal
Audit and Boustead Naval Shipyard
Sdn Bhd and their families attended the
Boustead Plantations Sabah 'Family Day'
held in Kundasang on 9 - 10 August 2008.
Also present to officiate the two-day event
was our Group Managing Director, YBhg
Tan Sri Dato’ Lodin Wok Kamaruddin.
We kicked off the first day with a barbeque
at the Perkasa Hotel where we stayed.
Even though it rained lightly, Bousteadians
and their families enjoyed the food and the
cultural show presented by the Kundasang
local community.
All-you-can-eat dinner
Our second day started with a senamrobik
at 6.30am, followed by the main event.
About 25 family games were organised
and participated well by Bousteadians and
their families. At the end of the games,
Tawau Region emerged as the overall
champion.
to ‘senamrobik’
Registration prior
"I like to move it move it!"
Participants
on release
with a ballo
s the event
te
ia
fic
of
n
Tan Sri Lodi
getting read
y for the gi
ant ‘terom
pah’
walk
13
give up!”
“Never gonna
“Let’s test our strengt
h in this tug of war gam
e!”
"Don't forget to leap
like a frog!"
on game
Kids having fun with a ballo
Egg throwing-catching game
“Let’s see who can hit the
bull-eye’s first!”
As part of our corporate
social responsibility,
we donated a sum
of RM5,000 to the
Headmaster of SK
Kundasang school as our
appreciation to the local
community for allowing
us to organise the family
day in their area.
“Get out of
my way or yo
u’ll get hit by
the coconut!”
home!”
to bring back
st something
“Yahoo, at lea
On behalf of Boustead Plantations Berhad, we would like to
congratulate the Chairman of the Family Day Committee, Tn Hj Omar
Hasan and his hardworking team for a well-organised event.
Tan Sri Lodin presenting a mock cheque to
SK Kundasang school's Headmaster
14
Group Internal Audit
Team Building
Chiang Mai, Thailand
O
n 25 July 2008, 22 staff from Group Internal Audit, Boustead Holdings Berhad
departed from Menara Boustead to KLIA for a team building trip to Chiang
Mai, Thailand.
Our journey to Chiang Mai by flight took about 2 hours and 50 minutes. Upon arrival
at the Chiang Mai Airport, we were welcomed with a warm smile and greetings of
‘savadika.’ Thereafter, a local tour leader by the name of Mr Happy took us on a
bus tour around the 700-year old city with a home population of 300,000. The city,
located in the northern province of Thailand is surrounded by hills, mountains, old
properties, monuments and temples.
Our first day tour started with a temple visit to the famous Wat Phra That, built in 1383
atop Doi Suthep, the mountain that overlooks the city from the west. From the peak,
3,500 feet above sea level you can be blessed with an impressive panoramic view of
the Ping River Valley with its city and airport. For us, it was truly a new experience to
explore and enjoy the beautiful sceneries and sites offered by Doi Suthep Mountain.
After the tour, we checked in at Porping Tower Hotel.
In the evening, we proceeded to Khum Khantoke for a Northern Thai dinner followed
by an entertainment of colourful cultural shows.
The next following day, we made a tour to Mai
Sa Camp, well known for its elephant show and
popular waterfall. There are 29 elephants in Mai
Sa Camp and each of them is given a name for
identification purpose by the trainers.
with a
team posing ntoke
rnal Audit
ha
Group Inte l dancer at Khum K
ra
Thai Cultu
In the camp we visited the place where
the elephants are fed. Many of our team
members took this opportunity to feed the
elephants with bananas and take some
photographs. The team also visited the place
where the trainers bathe the elephants daily
at a nearby stream.
Next, we went to see an elephant show.
It was surprising to many of us that these smart
animals can even draw pictures of plants and trees with flowers.
Our next destination for the
day was the Orchid Farm. As
we entered the Orchid Farm,
we were overwhelmed with
the hundreds of species of
orchids with rare and colourful
blooms.
Later after lunch at Fong Ming
Restaurant, we proceeded
to several handicraft home
industries in the province
of Chiang Mai including
Shinawatra,
Thailand’s
longest established hand
A group photo
woven silk factory. Here we
were able to see the silk
weaving process and do some
shopping at the silk, wood carving, silver and lacquer sections.
We continued our journey from Shinawatra to another place where paper umbrellas are
made. We were briefed and shown on the actual process of making paper umbrellas.
Our last stop for the day was at the Gems Gallery, the world’s biggest jewellery store
in Thailand. Once there, we were escorted to the Slide Multivision Room to watch on
15
A visit to Wat
Phra That tem
ple atop Doi Su
thep mountain
ai
Hotel, Chiang M
Porping Tower
in front of the
oto
ph
up
gro
A
screen how these precious stones are mined and
extracted from the earth. A short tour was given
to us by the Gallery staff in the production floor,
explaining to us on how these precious stones are
cut into various sizes and shapes using machines and
tools before they are turned to finished gem stones.
Elephants fe
eding time
After visiting Gems Gallery, we proceeded to our
d Farm
At the Orchi
hotel for our team building activities. Several games
had been organised for us such as catching water
balloons with a piece of cloth, swapping places among
team members without falling, collecting rubber bands using mouth etc. We were divided into three
houses and were required to wear T-Shirts of different colours (red,
blue and orange) to represent the house
that we belong to. We were excited and
enjoyed ourselves during the activities
including the bosses.
The red house was announced as the
overall winner. All participants were given a
small gift each as a token of appreciation in
making the team building activity a success.
After the team building activity, we headed
back to the hotel for a rest.
res
ing pictu
ts draw
s
Elephan lants and tree
of p
A group photo
at Mai Sa camp
On the following morning, we checked
out of the hotel. We snapped few group
photographs at the main lobby in order to
cherish the wonderful sweet memories in our
hearts while we were at
Chiang Mai, Thailand.
The adventurous journey
to Chiang Mai, Thailand
was a momentous one
for the Boustead Internal
Audit
Team
since
everyone returned home
with sweet memories to
be cherished.
An elepha
nt
lifting larg
e logs
ong
swap places am
Getting ready toers without falling
team memb
Silk weaving
Catching water balloons with
a piece of cloth
"This is how paper umbrellas are made!"
g mouth
er bands usin
Collecting rubb
Passing balloon
16
Risk management awareness workshop
A
s part of its effort to create awareness among departments of Boustead Holdings Berhad, the Corporate Planning Department,
in association with Softnex Sdn Bhd, recently organised a workshop on enterprise risk management. The workshop examined
the need of implementing sound risk management systems and identified major risks that the departments are currently
facing.
A total of 21 participants from various departments as well as several subsidiaries attended the two days workshop held on 25 – 26
November 2008 at the Conference Room, 4th Floor, Menara Boustead. Participants were divided into several groups and were given
several case studies and exercises pertinent to the risk management issues. The findings were then presented on the second day of
the workshop.
Service excellence training for front-liners
ing session
Participants from the second train
Participants from the first training session
B
oustead Curve Sdn Bhd recently organised a service excellence
training for 40 of its front-liners. These front-liners include Customer
Care Officers, Car Park Assistants, Car Park Supervisors, Technicians,
Chargemen and Receptionist cum Admin Assistant.
The training held at the Curve Management Office training room was
divided into two sessions with the first one being held on 29 - 30 October
2008 and the second one on 4 - 5 November 2008. It was conducted by Mr
Aaron Lee and Ms Angeline Mun of Upsearch Resources Management.
Certificates presen
tation - Centre Ma
nager, Adele D.
shaking hands
Head of Human with one of the participants wh Flores,
Resources, Tengk
ile
u Rozanna looks
on
Fire and safety seminar
A
one-day seminar on fire and safety was organised by the Property Division of
Boustead Holdings Berhad on 19 November 2008 at the Conference Room, 4th Floor,
Menara Boustead.
It was attended by about 100 participants comprising Fire Marshals from Menara Boustead
and Wisma Boustead, Emergency Response Team, maintenance staff, security guards
as well as representatives from the Curve, Menara Affin, Chulan Tower and The Royale
Bintang Kuala Lumpur.
Prof Madya Zainah sharing her trauma
experience with the participants
This yearly seminar kicked off in the morning with a topic
‘Counselling for Trauma Victims’ by Prof Madya Zainah Ahmad
Zamani of University Kebangsaaan Malaysia who shared many of
her personal experiences with the participants. In the afternoon,
Supt Zakaria Muhd of Jabatan Bomba Dan Penyelamat Kuala
Lumpur gave a talk on ‘Fire Safety and Evacuation Procedure.’ He
stressed the importance of cooperation and commitment amongst
all tenants in ensuring the safety of all occupants during emergency
evacuation.
Property Division wishes to thank all the participants for their
commitment to attend the seminar.
nce
s trauma experie
One participant' s from the crowd
draws laughter
Supt Zakaria of Jabatan Bomba
17
the Curve ‘buka puasa’ with 'special' children
t
spending time with
Celebrity, Jehan Miskinchildren
one of the
he Curve invited a group of down
syndrome children from Sayang, Pusat
Anak-Anak Istimewa, Selangor and the
media to have a festive buka puasa on
9 September 2008 at its premises. Upon
arrival, the children were greeted by
the Curve’s management and staff at
the Centre Court which had an exotic
Arabian themed ambience.
The children posing
in front
after their hair being of Kwikcut
cut
The children were then ushered to
Kwikcut to have new haircuts in preparations for the Raya celebrations. Subsequently, the children
were taken to MJ at Metrojaya for a fun shopping spree to select their baju raya. With vibrant colours and designs, the children were
spoilt for choice as they tried on their new clothing at the well-established departmental store.
The highlight of the day was when celebrities Jehan Miskin and Farid Kamil made an appearance to spend time with the children. This was
followed by the buka puasa dinner at Eden restaurant where they happily tucked into a delicious spread of Western and Asian dishes.
Royale Bintang KL shares
Christmas joy with
under privileged children
D
Tree
t of the Christmas Charity
The children posing in fron
uring its Christmas Charity Campaign launch on 24 November 2008,
The Royale Bintang Kuala Lumpur invited 20 children from Lifespring
Children’s Welfare Home to share the joy of the season. The
children whose ages range from
10 months to 13 years old were
treated to a delightful buffet
lunch and Christmas carolling by
in-house band - Reflection.
The purpose of the project is to help the under privileged children through two meaningful
platforms, Sponsor a Candle of Hope for Christmas Charity Tree and/or donate a Gift for
Giant Christmas Box. The management and staff were encouraged to sell and promote as
many as possible Candles of Hope and Gifts to all the in-house guests and patrons as well
as friends and associates. The project was from 28 November 2008 till 2 January 2009.
All proceeds and gifts will be channelled to the home.
Royale Bintang KL
‘buka puasa’ with
less fortunate
children
Mr & Mrs Kuscher hanging
the Candle of Hope
on the Christmas tree
S
miling faces, warm welcome and cheerful mood filled the air of The
Royale Bintang Kuala Lumpur as 30 less fortunate children from
Persatuan Ehsan Wanita & Anak-anak Kuala Lumpur (PEWANIDA)
were treated to a Buka Puasa Dinner on 19 September 2008.
The dinner ended on a happy note with each child walking away with duit
raya and Hari Raya goodies. This is an annual tradition for the hotel as part of
its community service activities.
The hotel staff and PEWANIDA representatives being photographed with the children
The hotel’s Acting General Manager, Tiong Yeo Chuan
and Pn Sri Saidatul Akmar Rashid of PEWANIDA
giving duit raya to one of the children
18
'Perempuan
Semua staf
bergambar
mesra
Melayu Tera
khir?'
S
udah menjadi satu tradisi bagi Bahagian
Hartanah - Boustead Holdings Berhad
untuk meraikan ketibaan Syawal setiap tahun.
Sambutan Majlis Hari Raya Aidilfitri tahun ini telah
diadakan pada 9 Oktober yang lalu di Tingkat
18, Menara Boustead. Suasana kemeriahan dan
kegembiraan jelas terpancar pada setiap wajah
kakitangan yang menganjurkan majlis tersebut.
Majlis
Hari Raya
Bahagian
Hartanah
Royale Bintang KL
Hari Raya Open House
T
he Management of The Royale Bintang Kuala Lumpur recently
hosted a Hari Raya Open House for its staff to celebrate the
occasion in true muhibbah tradition.
100 staff and heads of various departments attended the event which
was held at Delima Hall. Staff were given duit raya by Director of
Operations, En Mokhtar Khir. In addition to the celebration, October
birthday boys and girls celebrated their birthdays with the crowd.
Hari Raya favourites and delicacy were served such as rendang,
lemang, serunding, nasi impit and dodol - specially prepared by the
hotel’s culinary team.
the buffet spread
ping themselves to
The hotel’s staff hel
Hari Raya @ the Curve
(5 September – 5 October 2008)
T
his year, the décor was themed Souk Bazaar and pays tribute to the rich sights
and sounds often associated with the traditional Islamic marketplace. To stay
true to this special Middle Eastern heritage, the entire Centre Court was dressed in
vibrant colours and filled with ornate furnishings that exude a true Arabian feeling.
With plush cushions and colourful marquees all around the Curve, it was definitely
a feast for the eyes this Raya.
Complementing these decorations at the Centre Court were numerous stalls
exhibiting a variety of products and services. Shoppers were entertained with a
myriad of exciting cultural activities reflecting the chosen theme.
e
A cultural performanc
Deepavali @ the Curve
(17 – 27 October 2008)
S
hoppers enjoyed a glimpse of ‘Bollywood’ with contemporary dances and
a musical trio during the celebrations of Deepavali at the Curve. Keeping
the Indian culture alive, there were decorations with ornaments shaped as
elephants and strands of dangling jasmine flowers. The Fashion Court was
transformed into an enchanting feast for the eyes. Additionally, pretty ‘oil
lamps’ displayed a truly festive feeling.
A Bollywood contempor
ary dance
In line with the theme, there were booths providing henna art as well as tarot
card reading. Not forgetting the true symbol of Deepavali, there was also a
beautifully crafted ‘kolam’ shaped of peacocks.
19
Lagi aktiviti
menderma darah
P
ada 16 Disember 2008 yang lalu, sekali lagi aktiviti
menderma darah telah diadakan oleh Jabatan Komunikasi
Kumpulan, Boustead Holdings Berhad dengan kerjasama
Unit Bergerak, Pusat Darah Negara. Usaha ini diadakan sebagai
salah satu aktiviti tahunan dengan tujuan untuk membantu
Pusat Darah Negara yang sentiasa kekurangan bekalan darah
terutama sebagai persediaan menghadapi saat kecemasan
seperti kemalangan, pembedahan dan sebagainya.
Para penderma yang hadir pada hari itu terdiri daripada
kakitangan Boustead Holdings Berhad dan anak syarikatnya
serta kakitangan syarikat-syarikat di sekitar Menara dan
Wisma Boustead.
Antara mereka yang tam
pil menderma pada hari
itu
Kempen yang bermula dari pukul 9.30 pagi sehingga 4.30 petang itu telah diadakan di Tingkat 9, Kompleks Sukan Boustead.
TEAM 1: SWAT
(House keeping),
Sitting (L-R): Azrul nt Office) & Azrul (F&B)
irul (Fro
Kha
B),
(F&
kor
Shu
dan (Finance),
Standing (L-R): Ramfik (F&B), Aidil (HR)
, Tau
Faisal (Front Office)
Royale Bintang
Damansara
concludes
year-end with
futsal tournament
TEA
Standing (L-R): Tho M 2: ALL STARS
mas (F&
Ledat (F&B), KhairulB), Arif (F&B), Harris (HR),
Sitting (L-R): Syahru (House keeping)
l
Fendi (Maintenance)(F&B), Sabri (F&B),
& Luqman (HR)
WER
TEAM 3: RED IS POri (Maintenance),
n (F&B), Naz
Standing (L-R): WaAnuar (Finance), Hafiz (Maintenance),
ping),
Saiful (Front Office)
Jasme (House Kee
n (House Keeping),& Pakaruddin (F&B)
Sitting (L-R): Redzwa
an (F&B)
aim
Sul
ice)
Off
nt
Azrin (Fro
T
o conclude its sports activities for this year, the sports committee of
The Royale Bintang Damansara recently organised an in-house futsal
tournament for its staff. Three teams competed in the tournament.
Besides futsal, the sports committee had in the past organised several monthly
indoor and outdoor games namely bowling, netball, volleyball, table tennis,
badminton and traditional games (congkak and batu seremban) to promote a
healthier lifestyle among the staff and most importantly to build a good team
relationship between the staff and the management.
Royale Bintang Damansara
welcomes two world
renowned bikers
T
he Royale Bintang Damansara was proud to welcome two world
renowned downhill mountain bike icons - Steve Peat of Team
Santa Cruz Syndicate and Cedric Garcia of Team CommencalOakley who stayed at the hotel recently.
Cedric Garcia
Left to right: Steve Peat and
Both bikers took part in the men’s elite category of the inaugural Kuala
Lumpur Downtown (KLD) meet at the Commonwealth Hill in the
National Sports Complex, Bukit Jalil, on 18 – 19 October 2008. Steve
Peat had won 3 World cup titles.
20
otions
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r
p
V
U
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&
V
P
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Models available:
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Interested, please call:
Lot 1385, Jalan TIB 1, Taman Industri Bolton, 68100 Batu Caves, Selangor
Tel: 03-6185 1150/1964/1443 Fax: 03-6186 7133 Website: www.bousteademastulin.com
Hjh Azizah: 019-218 1138
or Zuraidah: 019-240 0818
Announcement
Boustead
Building Materials
Sdn Bhd
Boustead Building Materials Sdn Bhd has moved to its new office in Mutiara Damansara.
Its new address and contact numbers are as below:
Boustead
Sissons Paints
Sdn Bhd
We are pleased to inform that with effect from 22 September 2008 our Sales & Marketing
Department has shifted to the following address to serve you better:
Unit 3A-01, 3A-02 & 3A-03, Level 3A, Menara UAC, No 12, Jalan PJU 7/5,
Mutiara Damansara, 47800 Petaling Jaya, Selangor Darul Ehsan
Tel : 03-7728 3599 Fax : 03-7728 2599 / 7728 6599
Level 3A-03A, Menara UAC, No 12, Jalan PJU 7/5,
Mutiara Damansara, 47800 Petaling Jaya, Selangor Darul Ehsan
Tel : 03-7727 6697 (Hunting line) Fax : 03-7726 9299
E-mail: [email protected] Website: www.sissonspaints.com.my
Published by: Boustead Holdings Berhad (3871-H) Printed by: Pencetakan Weng Fatt Sdn Bhd (19847-W)