Magazine 2017 4th edition by Malaysian Dutch Business Council

MISA AEC 2017! 2018 BUDGET

MAKERS & DRIVERS OF BUSINESS & COMMERCE

YEAR IN REVIEW

MDBC - GROWTH, EVOLUTION, INNOVATION!

ISSUE: 4TH EDITION 2017

CONTENTS MEMBERS

DIALOGUE

SPECIAL EVENT / 11

TALENTSQUARE / 31

MDBC EVENTS / 13

BIG STORY

MDBC Innovation & Sustainability Awards

MDBC Education 360: Sales Management & Effectiveness KPMG 2018 Budget Briefing

MDBC PENANG / 16 MEMBERS NEWS / 18 MY SERVICES / 35 NEW MEMBERS / 36 SOCIAL / 38

YEAR IN REVIEW / 20

COMMUNITY STUDENT INTERNSHIP PROGRAM / 23 EMBASSY NEWS / 25 MY IN NL / 27 EU / EUMCCI / 28

/11

/14 /20 Streamlining of tax incentives in line with Forum on Harmful Tax Practices (FHTP) criteria before 1 January 2019

Implementation of Automatic Exchange of Information commencing September 2018

Earning Stripping Rules (ESR) to replace Thin Capitalisation Rules from 1 January 2019. Interest deduction on loans between Review of personal tax related companies may be limited reliefs for spouse, parents, to a percentage of earnings children, tertiary education and employee SOCSO contributions

Capital allowance over 4 years for information and communication technology equipment and software, including expenditure incurred for development of software

Accelerated capital allowance (ACA) and automation equipment allowance (AEA) for the adoption of technology drivers Extension of ACA and AEA for automation in labour intensive industries in the manufacturing sector

Extension of tax incentives for 4 and 5 star hotels, tour operators and principal hub

Extension of tax incentive for expansion, modernization or refurbishment of private healthcare services (PHS) Increase in tax exemption for export of PHS

© 2017 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Malaysia.

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2017 - 2018 Dear MDBC Members and Friends, 2017 has come to an end. And of course at the end of a year, we evaluate it, compare it to previous ones, and look ahead to the new year. MDBC has seen substantial growth over the past dozen years, which has made us a business organisation of mid-range level. At this level, annual growth is important but not the main objective. More importantly, we want to consolidate our membershipcommunity and standing in the industry while focusing on providing our members with the best possible services, activities, and networks. We can therefore look back at 2017 as an excellent year. Our base of 250 members was maintained, our core services such as the active schedule of events and Student Internship Program stayed on track, while newer activities such as the MDBC Connects Fair, the MDBC Spouse Program, and the Education 360 workshops found firmer footing. In The Netherlands, MDBC supported ample exposure for Malaysia and ASEAN during the ASEAN Business Dialogue, with the Malaysia business luncheon for Dutch

MNCs organised by InvestKL. We also coorganised the Malaysia Business Seminar in Amsterdam by the Minister of International Trade & Industry, YB Dato Sri Mustapa Mohamed with MIDA, Matrade, and a dozen other agencies which joined the mission. 2017 saw an increased need for representation and dialogue with the Malaysian authorities when several unfavourable measures for the business community took effect (such as the foreign exchange rules and the changes in the withholding tax). Through strong efforts by, and in cooperation with, Chambers such as EUMCCI and AMCHAM, our voices and issues were heard by the relevant authorities and at least the WHT issue was retracted. Exciting developments in 2017 were the expansion of our flagship event, now the MDBC Innovation & Sustainability Awards, and the doubling of our Chapters - from 1 in Penang to 2! - with the launching of the MDBC Johor Chapter at Medini @ Iskandar, giving MDBC exposure in both the Northern and Southern regions.

Trade, Sigrid Kaag, who on her first mission after the new Dutch cabinet was formed, will visit Vietnam and Malaysia in February. A large business delegation will accompany the Minister forming the first Dutch ministerial business mision to Malaysia in recent memory. 2018 will be the last year of MDBC’s 2016 - 2018 Strategy, with the (audacious) goal to become the full fledged service provider for all members & businesses with Malaysian Dutch links, and to increase our Value Proposition for our members. While on track and working hard to achieve these goals and objectives, we will also start looking ahead to formulate our 2019 - 2022 Strategy. Looking forward to an excellent year with our members and community! Marco Winter Executive Director

For 2018, a special event will certainly be the visit of new Dutch Minister for Foreign

MDBC BOARD OF DIRECTORS Mr. Zainul Rahim Mohd Zain, Chairman Hibiscus Petroleum Berhad

Mr. Philip Kunjappy Sime Darby Berhad

Mr. Michiel Brouwer, Vice Chairman Shell Malaysia

Mr. Suerd Polderdijk Frames Asia Pacific Sdn Bhd

Ms. Mirjam Van Thiel, Treasurer Dutch Lady Milk Industries

Ms. Maud Meijboom Heineken Malaysia Berhad

Mr. Remco Koster Woodwing Asia Pacific Sdn Bhd

Ms. Annemarieke de Haan Unilever Malaysia

Datuk Merlyn Kasimir Former CEO of Matrade

Honorary Member of the Board: H.E. Ms. Karin Mössenlechner Netherlands Ambassador

Mr. Jack Ang Markant (M) Sdn Bhd

MDBC Executive Director: Mr. Marco Winter

MDBC Patrons: Y.B. Dato’ Sri Mustapa Mohamed Minister of International Trade & Industry Y.Bhg Tan Sri Rafidah Aziz Former Minister of Int’al Trade & Industry Malaysian Dutch Business Council Unit 808, 8th Floor Wisma Lim Foo Yong 86 Jalan Raja Chulan 50200 Kuala Lumpur Tel Fax Email Website

: 603 - 2722 8335 : 603 - 2141 8335 : info@mdbc.com.my : www.mdbc.com.my

Mr. Wouter van der Weijden &samhoud MDBCONNECTS 4TH ISSUE 2017

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CALENDAR

FEB

MAR

TUE 27 / 10:00AM

MON 5 / 10:00AM

MDBC Education 360: Competency Based Interviewing Workshop TBC

WED 28 - THUR 29 / 9:00AM MDBC Johor: 2 Day Fact Finding Trip

MDBC Education 360: Reskilling Team Management & Efficiency Cultural Impact

THUR 8 / 5:00PM

MDBC Penang: Launch of DoubleTree Resort by Hilton Penang DoubleTree Resort by Hilton Penang

NOTICE:

MDBC members will receive personal invitations for these functions by email once all details are confirmed. All events/dates to be reconfirmed.

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MDBC INNOVATION & SUSTAINABILITY AWARDS 2017 In the sixth edition of the MDBC Awards Program, we took the next step in our own sustainability journey and evolved the program into the MDBC Innovation & Sustainability Awards (MISA).

presented for evaluation, and the MISA Day Program and Awards Ceremony Dinner itself, and of course lots of photos from the event, please see our MISA 2017 Supplement.

Realizing the integral part that innovation plays in sustainability, we here at MDBC knew that we also had to be innovative in order to keep our flagship event sustainable! The newly rebranded MISA certainly reached out to a larger segment of the community and helped us further our mission for the Awards Program of sharing best practices in the field of sustainability and innovation. Successful and sustainable innovation is about persisting when the going gets tough, and rethinking your business in the face of disruption. MDBC, together with long time partner - The Netherlands Embassy, aims to continue stimulating and creating awareness for innovation and sustainability within every industry. The first edition of MISA was a success, seeing a record number of submissions across three competition categories: Best Service Innovation; Best Product Innovation; and Most Innovative Start Up. We also included a little ‘innovation’ of our own to commemorate the rebranding. All shortlisted companies (who were also on hand to make their final presentations during the MISA Day program) were automatically entered into a special Audience Award category. Competitors provided a short, one minute elevator pitch to attendees at the MISA Awards Ceremony Dinner and after an exciting live vote, a winner was crowned. For further information on the shortlisted competitors, their submissions which were

Top left: Roundtable discussions with expert speakers during the MISA Day Program Top Right: One of the shortlisted candidates presenting their project to audience members and the panel of judges who could then ask in depth questions about the project ensuring the sharing of best practices while allowing judges to make their final decisions. Middle: Audience Award winner AkzoNobel Paints Malaysia giving the one minute elevator pitch to audience members before the live voting was cast. Bottom: Winners of the MDBC Innovation & Sustainability Awards 2018 (AkzoNobel Paints, GROM, Sime Darby Plantations, and &samhoud) together with VIP guest YB Brig. Jen. Khairy Jamaluddin (fourth from left), H.E. Karin Mössenlechner (Chief Judge & Ambassador, Embassy of the Kingdom of the Netherlands).

MDBCONNECTS 4TH ISSUE 2017

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MDBC EDUCATION 360: SALES MANAGEMENT & EFFECTIVENESS The last in the MDBC Education 360 event series for 2017, the Sales Management and Effectiveness interactive workshop provided attendees with the valueable techniques and tools they needed to be effective Heads of Sales. As mentioned by Lion Kraaijbeek, workshop leader and sales management expert, most Heads of Sales are “accidental” sales managers. They were promoted into leading the sales department because they were the sales champions of the company, not because they showed good management skills. Most companies have a sales training

addressed the central question of how to best manage and control a sales force in order to achieve sales goals.

Top: Lion Kraaijbeek walking attendees through some of the methodologies of Sales Management that lead to increased effectiveness.

budget, but few allocate training funds for the people leading the sales teams. This MDBC Education 360 workshop helped set attendees up with the proper process to improve this situation. It

Lion, who has over 25 years of Sales Management experience in a variety of industries across Southeast Asia, showed how to provide sales leadership with a methodology to deliver winning results. The workshop also showed Heads of Sales how to shift their focus from the outcomes, to the inputs that drive success. Attendees were also able to learn how to implement what they learned in the first part of the workshop in real life situations, providing them with the confidence to execute it in their own jobs.

MDBC: KPMG 2018 BUDGET BRIEFING

Every year, MDBC member KPMG provides an in - depth analysis on the Government’s announced Budget for the next year. For highlights of the 2018 Budget, please refer to the KPMG Budget Highlights on page 12 & 13. Attendees at this briefing were provided with a presentation by KPMG experts Ong Guan Heng (Executive Director, KPMG). Guan Heng is a partner in KPMG Malaysia’s Tax Practice and has over 20 years of experience in the field of tax, advising clients mainly on direct tax matters and cross border transactions.

Top: Attendees at the annual KPMG Budget Briefing Top Right: Presentation by Ong Guan Heng Bottom Right: A token of appreciation was presented to the two speakers from KPMG by Datuk Merlyn Kasimir (Member of the MDBC Board of Directors).

He has also been involved in the Goods and Services implementation project. A member of the Malaysian Institute of Accountants, Chartered Tax Institute of Malaysia, CPA Australia, he is also an approved Tax Agent licensed by the Ministry of Finance. After the breakdown of the budget, attendees had the opportunity to ask the speakers questions pertaining directly to how the Budget will affect them and their organizations.

MDBCONNECTS 4TH ISSUE 2017

DIALOGUE

KPMG: 2018 Budget Snapshot

Streamlining of tax incentives in line with Forum on Harmful Tax Practices (FHTP) criteria before 1 January 2019

Implementation of Automatic Exchange of Information commencing September 2018

Capital allowance over 4 years for information and communication technology equipment and software, including expenditure incurred for development of software

Extension of tax incentives for 4 and 5 star hotels, tour operators and principal hub

Extension of tax incentive for expansion, modernization or refurbishment of private healthcare services (PHS) Increase in tax exemption for export of PHS

© 2017 KPMG Tax Services Sdn. Bhd., a company incorporated under Malaysian law and a member firm of the KPMG network MDBCONNECTS 4TH ISSUE 2017 of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Malaysia.

DIALOGUE

Tax incentives for managing Venture Capital Company (VCC) funds and investments into VCC funds, extension of tax incentive for angel investors Tax exemptions for recipient of Green Sustainable and Responsible Investments (SRI) sukuk grant and fund managers of SRI funds

Stamp duty exemption on contract notes for trading of Exchange Traded Funds and Structured Warrants

GST relief on construction of school buildings and places of worship financed through public donations, importation of big ticket items by aviation, shipping and oil and gas industries

GST relief on importation of goods under lease agreements from Designated Areas for the oil and gas industry and handling services rendered to cruise ship operators Management and maintenance services for residential buildings provided by developers to be treated as exempt supply for GST purposes

2% reduction in personal income tax rates for individuals at chargeable income bands between RM20,001 to RM70,000

MDBC PENANG ENHANCING BUSINESS INTEGRITY SEMINAR MDBC cooperated with the Coalition for Business Integrity (CBI) to offer a seminar on Enhancing Business Integrity. Good governance and anti - corruption legislation has continued to evolve and strengthen. Malaysia is slowly but surely moving in this same direction. Recently, a new ISO standard has been drawn up to further enhance business integrity in Malaysia. Attendees learned how they can achieve compliance with the new standard and benefit from implementation.

Integrity by Democratising Financial Advice * Azrul Azwal Wan Azizan (Compliance & Risk Manager, British Standards Institution (BSI) Malaysia) Presentations were followed by a Q&A session. Attendees also enjoyed an opportunity to network and ask follow up questions during lunch before the program ended.

MDBC Penang Chapter committee members (from right): Linda Giebing, Sjaak Ligthart, Koen Davina, Ron Schipper, and Marco Winter discussing upcoming activities for the Chapter.

After the keynote address by Dato’ Ooi Kok Seng (Partner / Head of Northern Region, KPMG), there were three presentations from the following speakers: * Margaret Loy (Director, CBI): Together, We can Make a Difference * Dr. Lim Kim Hwa (Founder & CEO, Cammillion): Enhancing Business

AMCHAM’S PENANG DIALOGUE: REMAINING COMPETITIVE FROM PENANG The MDBC Penang Chapter supported AMCHAM’s Penang Dialogue: Remaining Competitive from Penang. This supply chain forum and lunch with Y.A.B. Lim Guan Eng (Chief Minister of Penang), and H.E. Kamala Lakhdhir (U.S. Ambassador to Malaysia) was held on 5 October. With growing competition in the region, it was becoming increasingly important to answer how Penang can retain its position as a critical link in the global supply chain for many companies. How it can take advantage of the opportunities emerging with Industry 4.0 to deepen its roots, and extract more value from the strong eco - system for which Penang is known? And how talent, fiscal strategies, and technology play a part. The forum featured panels with some of the leading executives facing these challenges. After the welcome by AMCHAM, there was a presentation by Dr. Shardul Phadnis, Meng Kuang Koh, and Fabian Boegershausen on IoT & Supply Chains - A Framework for Identifying Opportunities for Improvement and its Application. 16

MDBCONNECTS 4TH ISSUE 2017

Dr. Shardul Phadnis, Director of Research of MDBC member MISI (Malaysian Institute for Supply Chain Innovation), also shared some of his recent research and findings for his separate presentation on AI & Supply Chains - The Future has Arrived for Cognitive Business: Is Penang Ready for the Cognitive Era? Dr. Shardul’s present research examines end to end supply chains in the apparel industry and of SME retailers, implications of the Internet of Things (IoT) for supply chains, as well as the use of scenario planning to influence strategic decision making. His research has been published in leading journals such as Strategic Management Journal, MIT Sloan Management Review,

Production and Operations Management, and Technological Forecasting & Social Change. After H.E. Kamala Lakhdhir’s opening remarks at lunch, guest of honor Y.A.B. Lim Guan Eng gave his keynote address. Both were available for a Q&A session after his speech. MDBC Penang Chapter p/a TMF Administrative Services Suite S-21-H, 21st floor Menara Northam 55, Jalan Sultan Ahmad Shah 10050 Penang penang@mdbc.com.my

4th Edition 2017 The Netherlands Leads in English Proficiency Among 80 countries

KUALA LUMPUR, MALAYSIA

ONE RINGGIT

MEMBERS NEWS

PARKROYAL KUALA LUMPUR FULFILS WISHES OF CHILDREN THIS SEASON OF GIVING

The festive season at PARKROYAL Kuala Lumpur was welcomed by hotel guests, corporate clients, the Alice Smith school student carollers, and children from the Stepping Stones Living Centre at the hotel’s Christmas Tree Lighting Ceremony. The event also signified the initiation of their annual fundraising campaign in aid of Stepping Stones Living Centre. The ceremony began with the Alice Smith school carollers taking centre stage with ‘Winter Wonderland’ which caught the attention of the little ones. Santa Claus

and his Santarinas were seen going around greeting guests with candies and chocolates from Santa’s red sack. The evening continued with Leong Ming Chung (Director of Operations, PARKROYAL Kuala Lumpur), welcoming and thanking everyone for being present to witness the eventful occasion. Together with Shalu, a nine-year-old girl from Stepping Stones Living Centre, they then lit up the Christmas, officiating the beginning of ‘A Magical Christmas’ festivities at PARKROYAL Kuala Lumpur.

Forbes ranks The Netherlands 3rd Best Country for Business.

CROWN WORLDWIDE WINS 2 GOLD AWARDS AT HR VENDORS OF THE YEAR 2017

Crown Malaysia won two gold awards at the HR Vendors of the Year Awards 2017, for “Best Relocation Company” and “Best Mobility and Orientation Consultant”. The HR Vendors of the Year Awards is one of Asia’s largest award ceremonies to celebrate the achievements of organizations that serve HR professionals. Almost 150 organizations were shortlisted as the preferred vendors across 27 categories. The winners of each category were judged by 22 HR senior regional heads from across Asia. Leon Hulme (Managing Director, Crown Malaysia) commenting on the awards, “It’s wonderful to see the Crown World Mobility Team here recognized by HR professionals for their outstanding work, service delivery and support of our customers with two gold awards.”

MDBCONNECTS 4TH ISSUE 2017

KUALA LUMPUR, MALAYSIA

SKRINE ACHIEVES SEVEN TIER 1 RANKINGS

Members News

4th Edition 2017

REGUS OPENS THIRD CENTRE IN PENANG

Skrine is pleased to announce that the Firm has achieved seven Tier 1 practice area rankings in The Legal 500 Asia Pacific 2018. The Tier 1 rankings are in the following areas: * Banking and Finance * Corporate and M&A * Dispute Resolution * Intellectual Property * Technology, Media & Telecommunications * Real Estate and Construction * Labour & Employment Skrine was also listed as one of the leading firms in the areas of Projects & Energy, and Shipping. Four Skrine partners were ranked as leading lawyers in their respective areas: * Theresa Chong (Corporate and M&A) * Toâ&#x20AC;&#x2122;Puan Janet Looi (Corporate and M&A) * Datoâ&#x20AC;&#x2122; Lim Chee Wee (Dispute Resolution) * Charmayne Ong (Intellectual Property, Media & Telecommunications)

MDBCONNECTS 4TH ISSUE 2017

Regus has opened its third business centre in Penang, Menara Boustead, and has plans for a fourth in SPICE Arena near Bayan Lepas. Menara Boustead was officially opened on 7 December 2017 with the Chief Minister of Penang, YB Lim Guan Eng, attending as the guest of honor. The Penang area is one of the best

performing centers in Malaysia with 97% occupancy and 37% CBIT as Penang is a fast growing economy with remarkable milestones made in the number of Business Process Outsourcing (BPO) companies located here, not to mention the increase of foreign direct investments as it continues to grow as an international business hub.

KUALA LUMPUR, MALAYSIA

Members News

4th Edition 2017

REVOLUTIONARY DRONE TECHNOLOGY FOR SAFER TUG OPERATIONS WITH KOTUG KOTUG has applied for a patent to use drone technology in its tug operations, in its ambition to achieve safer and more efficient working conditions. This pioneering invention - using a drone to connect the towline to an assisted vessel will drastically improve the safety margin of tug operations as this will avoid the need for maneuvering in the so called danger zone. KOTUG is the first tugboat company that uses this technology: to deliver a messenger line to a predetermined location with object recognition software. Instead of picking up the heaving line of the assisted ship, the messenger line of the tug will be brought to the assisted ship in a more controlled manner. This will allow the tug to safely sail beside the assisted ship instead of in front of it. Conventionally, tugboat and crew position themselves in front of and close to the assisted vessel in order to grab the heaving line by hand. By doing so, the tug and crew position themselves in the

danger zone, close and even under the (flared) bow of a vessel. A minor flaw in the operation can result in major injuries of the deck crew and/or damage to the tug and the assisted vessel. A series of tests is scheduled to be performed by KOTUG for full operational use of this revolutionary technology for which standard operating procedures will be developed in conjunction with relevant authorities and stakeholders.

ARCADIS: FOR HSR TO BE A SUCCESS, INTEGRATED TRANSPORT HUBS ARE VITAL Arcadis conducted a socioeconomic study on the proposed 350km high speed rail (HSR) link between Kuala Lumpur and Singapore when the feasibility of the whole project was under discussion. What became clear, according to Girish Ramachandran (Head of Business Advisory, Arcadis South East Asia), was that the authorities should use socioeconomic modeling (SEM) and plan for the unconstrained development that can take place, rather than letting it happen organically. Malaysiaâ&#x20AC;&#x2122;s Economic Transformation Program sees improving KL and the Greater Klang Valley as a key growth engine in driving economic growth and transforming Malaysia. Making sure that KL and all of the other stops on the HSR are integrated transport hubs is crucial to maximizing the HSRâ&#x20AC;&#x2122;s economic, social, and environmental benefits. To maximize the benefits of this increased connectivity, planning must start now.

With this project expected to be completed in 2026, slashing travel time to just 90 minutes from the current five hours it takes to drive between the two cities, the HSR is a representation of how governments, developers, and planners can come together. Arcadis is recommending that the

two governments reach out to other stakeholders to make sure that everyone is aware of the thinking process behind SEM, what can be done, and what needs to be done now. Planing should encompass federal, state, and local levels. Things need to be planning out now so that upon completion, everyone is ready to capture the benefits. MDBCONNECTS 4TH ISSUE 2017

YEAR IN REVIEW

MDBCONNECTS 4TH ISSUE 2017

YEAR IN REVIEW

At the midpoint for the 2016 - 2018 strategy, MDBC extends its steady growth in 2017. We continued to improve the quality of the events organized for our members, and executed the next step in the evolution of our awards program into the MDBC Innovation & Sustainability Awards. For more information on this special event, please see page 11. With the successful launch of our Johor chapter this year, we have also expanded our presence throughout peninsular Malaysia, ensuring better coverage for our Johor and southern region members. From the north to the south, MDBC is here to provide you with the business services, representation, and networking you need! With an 80% approval on the recent Membership Satisfaction Survey, MDBC is on the right course for the successful execution of our strategy, and we will maintain our work hard to see it through.

MDBCONNECTS 4TH ISSUE 2017

STUDENT INTERNSHIP PROGRAM EAGE The SIP Experiences of Mariette Oosterhof at EAGE. MDBC member EAGE (European Association of Geoscientists & Engineers) organizes a lot of educational events for the geoscience community in the Asia Pacific region. Dealing mostly with big oil companies and their suppliers, EAGE reached out to MDBC’s SIP for help with the workload at one of the bigger events on their calendar. Being an SME with a relatively small team, EAGE needed interns that could ‘hit the ground running’. Also of importance to them, was adding a Dutch student who would make communication with the head office in The Netherlands much easier, and enable them to help spread Dutch culture at the local office. EAGE strongly believes that this results in a better working environment, happier employees, and a happier company. “The process was pretty easy, based on our requirements, we received a few proposals

from MDBC and after a few Skype sessions with a handful of candidates, we were lucky enough to be able to add Mariette Oosterhof (from Rotterdam University) to our team,” shared EAGE. Mariette joined the EAGE team for a double assignment: 1) Produce a country analysis on India, a country that EAGE needed more intelligence on; and 2) Organize a part of a major conference in November 2017. These two very different assignments (strategic vs operational), allows for the development of a great range of skills. For both tasks, an international outlook and flexible attitude were essential.

“We were happy that Mariette had both of these attributes. She already had international work experience, a great command of English, and most importantly, the drive and enthusiasm to work in KL. Working mostly with a team of local Malaysians, she gained insight into Malaysian business etiquette. Mariette has also proven to be an excellent ambassador for The Netherlands in KL, of her University, for EAGE, and also for MDBC. Our experience has been great and we will surely consider this opportunity to participate in SIP again!” added EAGE.

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MDBC Spouse Program Membership: * Inclusion of your resume in a dedicated Spouse Program monthly e mail to MDBC member companies; * Dedicated events for the Professional Spouse members - on how to start your job search in Malaysia, sharing

Malaysian Dutch Business Council Unit 808, 8th Floor | Wisma Lim Foo Yong info@mdbc.com.my | www.mdbc.com.my

| 86 Jalan Raja Chulan 50200 Kuala Lumpur | Tel: +603 2722 8335 | Fax: +603 2141 8335

MDBCONNECTS 4TH ISSUE 2017

NETHERLANDS EMBASSY NEWS

A LOOK BACK AT A BUSY AND PRODUCTIVE YEAR At the end of 2017 the Embassy looked back at yet another busy and productive quarter. Here are some of the highlights in the field of economics and business. Greentech Between 11 and 13 October the International Greentech and Eco Products (IGEM) exhibition and conference took place at the KLCC Convention Centre. The Embassy was present with a booth showcasing innovative green technologies Dutch companies have to offer in the field of smart mobility and smart energy. The booth attracted many visitors. Mission Palmares From 16 to 20 October, the second visit to Malaysia by the Partners for International Business (PIB) Palmares took place. PIB Palmares is a government supported consortium of Dutch companies and knowledge institutes. The consortium aims to contribute to a more sustainable palm oil industry in partnership with Malaysian counterparts and to tap into Malaysia’s rich biomass potential. The visit was organized in conjunction with the International Biomass Conference Malaysia (IBCM) 2017, which the Embassy co-organized with Agensi Innovasi Malaysia (AIM). After two days in Kuala Lumpur (KL) the delegation flew to Kuching, Sarawak, where they visited the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) and Sarawak Energy. They also participated in IBCM. At Sarawak Energy the consortium received an educational overview of the energy landscape and biomass opportunities in Sarawak. The significant Dutch presence at IBCM led to some interesting business leads, and constituted a successful conclusion to the mission. PIB Palmares was also represented with a booth at the big Palm Oil Exhibition and Congress (PIPOC) 2017, from 14 to 16 November in KLCC. PIPOC drew some 3,000 participants, and resulted in some interesting contacts for Palmares. The overall impression is that more and more palm oil millers and planters are starting to look into sustainable solutions for their biomass residues. This might not happen overnight, but the long-term outlook is promising and seems to hold many

opportunities for Dutch technology and collaboration with Malaysia. Visit Of MITI Minister YB Dato’ Sri Mustapa Mohamed to The Netherlands The Netherlands was honoured to welcome Minister of International Trade and Industry (MITI), YB Dato’ Sri Mustapa Mohamed at the end of October. The Minister, accompanied by MDBC’s Executive Director Marco Winter, among others, participated in a business opportunities seminar, met with Malaysian companies that have invested in The Netherlands, and Dutch companies that have invested in Malaysia. The Minister and his delegation also visited Brainport Eindhoven as well as Sime Darby Unimills BV. The Minister showed a particular interest in the Dutch innovation policy and the so called “triple helix” model involving all stakeholders, from the government, businesses and the academic world. The Embassy will look into follow-up in the form of a seminar in Malaysia early 2018. Trade promotion The Embassy participated in two events in The Netherlands to promote trade between The Netherlands and Malaysia. The first was the 4th edition of the ASEAN Business Dialogue in Eindhoven on 27 October, this time focused on high tech. Entrepreneurs received concrete information on doing business in the ASEAN region during the expert workshops and meetings with Embassy trade officers. On 1 November an International Export Event took place in Barneveld, where companies and entrepreneurs were offered a full day program with panel discussions, workshops, and meetings with Embassy representatives in the fields of trade, agriculture, and customs. There was a lot of interest in doing business in Malaysia.

service, and start-up innovations. The Embassy was pleased to contribute to the success of the event. We are looking forward to next year’s Awards Event and hope to have even more companies participate then! Penang On 23 and 24 November, MDBC and the Embassy joined forces in Penang with a network reception with Dutch companies, local government, and business officials. There was also a company visit to Lumileds, and a visit to the Chief Minister of Penang. After a bilateral talk between the Ambassador and the Chief Minister (in which they discussed the recent flood that hit Penang quite severely, and ways in which The Netherlands’ water expertise could be used to prevent new floods from occurring in the future), a small delegation of Dutch companies was introduced to the Chief Minister. What’s next? Looking ahead to the new year, we have various interesting events coming up. On 8 and 9 January the Embassy and MDBC jointly visited Johor for company visits and a networking event. This visit was followed by the New Year’s Reception that was hosted jointly with MDBC at the residence of the Ambassador on 11 January. We hope you were there to toast to a new year full of business opportunities. Enjoy the Christmas and New Year’s break and we look forward to seeing you in the new year! Embassy of the Kingdom of The Netherlands in Malaysia

MISA On 26 of October the MDBC Innovation and Sustainability Awards took place. It is an event that has the full support of the Embassy as it is all about innovation and sustainability. The Dutch and Malaysian business and government sectors came together to celebrate companies and entrepreneurs with the best product, MDBCONNECTS 4TH ISSUE 2017

Greater Kuala Lumpur The Epicentre of ASEAN

Greater Kuala Lumpur (Greater KL) writes its success through the numbers. It has the right number of talent, graduates, businesses, markets and opportunities. It has the best potential of any city in ASEAN, being strategically located in the region. Greater KL is now hub of the world’s fastest growing economic region. Here’s why leading Multinationals such as Schlumberger, Honeywell, IBM, Cargill, Philips, Worldline, Turner, Colas Rail, Linde and Epson have Recognised 1st in chosen Greater KL as the optimal Southeast Asia as a location for their Regional World Energy City Headquarters in ASEAN.

Ranked 2nd in Southeast Asia for

Starting a Business & Ease of Doing Business

– Southeast Asia

Business Potential

Global Services Location Index

Excellent Ecosystem US$8 trillion of new

global middle class market rising in Asia by 2020 (OECD Observer)

Competitiveness

(WECP)

3.2 billion

Greater KL by Numbers

2nd

Level of English proficiency in Asia (Education First)

infrastructure in Asia by 2020 (Asian Development Bank)

11th (Asia) 36th (World) Best Airport

74 double tax agreements offered in Malaysia (IKL)

ASEAN’s market

644,514,000 population,

US$2719.844 billion

273,373

graduates annually in Greater KL (IKL)

33.8 million

GDP (IKL)

US$1 trillion

in Oil & Gas upstream investment over next 2 years (Wood Mackenzie Ltd Report, 2016)

Malaysia’s population by 2020 - up 40% (IKL)

1.5 hrs journey time

from Kuala Lumpur to Singapore via high speed rail by 2026 (SPAD)

Lifestyle Friendly

165th 5th 23 38 44 58 Least Expensive City Worldwide

(Mercer Cost of Living Survey 2016 Most Expensive = 1)

Invest KL Corporation (957672-K)

Best Shopping Destination Worldwide

World Class Golf Courses

Museums and Art Galleries

International Schools

(IKL)

(Expedia, 2016)

16th Floor, Menara SSM@Sentral, No.7, Jalan Stesen Sentral 5

Public and Private Universities (IKL)

KL Sentral, 50623 Kuala Lumpur, Malaysia

www.investkl.com

MY in NL MALAYSIA BUSINESS SEMINAR - AMSTERDAM In cooperation with the Malaysian Ministry of International Trade & Industry (MITI) and the Malaysian Investment Development Authority (MIDA), MDBC organized the Malaysia Business Seminar in Amsterdan on 19 October 2017. This seminar was targeted towards Dutch companies interested in updates on the present economic developments in Malaysia, and the trade and investment opportu-

nities that Malaysia offers. Attendees also had the opportunity to have individual business meetings with members of the Malaysian delegation that included Matrade, InvestKL, Invest Selangor, MDEC, IRDA, NCER, and Kulim Technology Park. Speakers were: * YB Datoâ&#x20AC;&#x2122; Sri Mustapa Mohamed (Malaysian Minister of International Trade & Industry) * Hans de Boer (President of VNO - NCW) * Richard Blickman (President & CEO, BE Semiconductor Industries (BESI)) * Joep van Balen (Product Development Manager Asia, Enza Zaden (Enza Seeds)) * Marco Winter (Executive Director, MDBC), who was also the Seminar Chairman.

MDBCONNECTS 4TH ISSUE 2017

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EU / EUMCCI

EUMCCI FOOD SAFETY & LOGISTICS FORUM

The EU Malaysia Chamber of Commerce and Industry (EUMCCI), together with MDBC and the Malaysia Belgium Luxembourg Business Council(MBLBC), held the annual Forum on Food Safety from 5 - 6 December 2017. Hosting experts from EU and ASEAN governments, SMEs, and corporations, attendees were able to discuss action plans for food safety regulation, the harmonisation of standards within the ASEAN region, and food labeling a.o..

The Forum on Food Safety also featured a parallel session on Food Logistics. Outstanding presentations were given and dynamic discussions were shared, providing remarkable insights from a good mix of government and corporate entities. The collective efforts and views on the different sessions throughout the two days will hopefully contribute to improved food safety across ASEAN.

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MDBCONNECTS 4TH ISSUE 2017

EU / EUMCCI

EUMCCI EUROPA AWARDS FOR SUSTAINABILITY2017 Sustainability: * Best Sustainability Reporting: Sime Darby Property * Best Innovation in Sustainability: Invest Energy * Best Social Impact (Large) KPJ Healthcare * Best Social Impact (Small) The Lost Food Project * Best Environment Impact (Large) INFINEON Technologies (Kulim)

Winners of the EUMCCI Europa Awards for Sustaianbility 2017 together with representatives from the EUMCCI Board of Directors, H.E. Maria Castillo Fernandez (Ambassador and Head of Delegation, EU Delegation to Malaysia, and Europa Awards Patron), and Tan Sri Datuk Dr. Rebecca Sta Maria (Chairperson of EUMCCI).

The EU Malaysia Chamber of Commerce and Industry (EUMCCI) launched the EUROPA AWARDS to recognize companies that have shown exemplary business excellence in the field of sustainability and have contributed to the long term benefit of Malaysian society and economy. EUMCCIâ&#x20AC;&#x2122;s flagship Europa Awards returned in 2017 with a new and more comprehensive range of award categories consistent with the European Unionâ&#x20AC;&#x2122;s sustainable development values. Seven categories were featured in the Europa Awards for Sustainability 2017. These were: * Best Sustainability Reporting

* Best Innovation in Sustainability * Best Social Impact (Large) * Best Social Impact (Small) * Best Environment Impact (Large) * Best Environment Impact (Small) * Best Sustainability Leader (Awarded to Individuals) With MDBC member KPMG executing the nominations and special patronage by H.E. Maria Castillo Fernandez (Ambassador and Head of Delegation, EU Delegation to Malaysia), the Europa Awards culminated with a Gala Dinner that took place on Friday, 24 November 2017. Congratulations to the following winners of the 2017 Europa Awards for

* Best Environment Impact (Small) Biotec International Asia * Best Sustainability Leader (Awarded to Individuals) Dr. Stellios Plainiotis

Top: H.E. Maria Castillo Fernandez giving her address to the attendees of the Europa Awards for Sustainability Gala Dinner Winners being presented with their Europa Awards for Sustainability prize from: Left Middle: Sime Darby Property Left Bottom: Invest Energy Middle KPJ Healthcare Middle Bottom: The Lost Food Project Right Middle: Infineon Technologies (Kulim) Right Bottom: Biotech International Asia Not pictured: Dr. Stellios Plainiotis

MDBCONNECTS 4TH ISSUE 2017

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Frames Asia Pacific Sdn. Bhd. Unit A-36-3, Menara UOA Bangsar 5 Jalan Bangsar Utama 1 59000, Kuala Lumpur, Malaysia +60 3 22840822 frames-group.com

DIALOGUE

TALENTSQUARE: HR OUTLOOK 2018 manufacturing, electronics, and services industries are clearly the key industries driving the current growth. Other industries like Oil&Gas and Chemicals also seem to be on the path of recovery albeit recruitment especially in Oil&Gas is still very cautious. On the path to becoming a high income nation? In the meantime we are nearing 2020 and the government’s goal of becoming a “high income nation”. Depending on who you ask it seems that Malaysia is anywhere between “firmly on the path” to “far from” achieving high income status. Positive outlook on ASEAN and Malaysian Growth in the ASEAN region has surged in the last two quarters of 2017. The region seems to benefit from higher commodity prices and a healthy global demand. In Malaysia, GDP growth overshot expectations with consumer spending on the rise as well as an boost in investments, exports and government spending. The World Bank’s Malaysia Economic Monitor report issued recently said the 5.8% on-year growth would be the country’s highest annual growth rate since 2014. “Accelerated growth has been fueled by strengthening domestic demand, improved labor market conditions, and wage growth, as well as improved external demand for Malaysia’s manufactured products and commodity exports” according to the World Bank’s report. It seems that this positive trend will continue in 2018 with a forecast of 5.2% growth in Malaysia. Although sentiments can be negative during election year, government spending is high with a pipeline of infrastructure projections that will boost investment. As an Executive Search Firm that works for clients across Industries from Islamic Banking to Chemicals, Oil&Gas, Electronics, Manufacturing and Services, we get an interesting insight into the different state and pace of development in these different industries. The

With regards to average salaries the numbers do show a slight increase in average income in Ringgit, but measured in US$ - which is the international standard - income has actually decreased significantly since 2013. Obviously the depreciation of the Ringgit did not help. From our experience in recruiting managers across all Industries in Malaysia we did notice an increase in salaries in the past 5 years (in Ringgit anyway). However the main question is if this increase in salary is justified and if it goes hand in hand with improved skills and competencies. Unfortunately the reality on the ground is that many employers share their frustration with us that there does not seem to be a direct connection between the two. In short, salary levels seem to climb faster than skill levels. My worry is that an increase of salaries will merely result in a decrease of competitiveness of Malaysia as a whole and surely that cannot be our aim. Following this line of thought it shows indeed that “Although Malaysia is still relatively competitive, we have dropped in rank under IMD’s World Competitiveness Yearbook in 2016 by five places from 14th in the world to 19th, as well as [in] the World Bank’s Ease of Doing Business Index, from 17th in the world to 18th”. Most of our fellow ASEAN members have also seen a decrease in competitiveness so in the region we are relatively still in the same position.

track” or “off track” camp, becoming a high income nation is only useful if it goes hand-in-hand with an overall improvement of knowledge and skills and with an increase in spending on Education and R&D. Malaysia ready for Industry 4.0? Talking about innovation, some of us are feeling the heat of being replaced by robots and AI or being “disrupted” out of business. Coined by German economist Klaus Schwab in 2015, the Fourth Industrial Revolution is used to describe the emergence of the Digital Economy and use of automation and data exchange in industrial technologies. Commonly referred to with the catchprase Industry 4.0 it also included the Internet of Things and collaboration between networked machines and human beings in decisionmaking. The government’s Transformasi Nasional 2050 (TN50) vision aims to prepare Malaysians, especially the youth, for future challenges like Industry 4.0. Part of the TN50 plan is to focus on Technical and Vocational Education and Training (TVET) which recently received widespread attention in Malaysia, after YAB Dato’ Sri Haji Najib announced the government’s plan to develop a comprehensive TVET plan to help the future workforce in facing the Fourth Industrial Revolution. He announced that in line with the aspirations and vision of TN50, the government has allocated RM50 million for the purpose of TVET. The launch of the Digital Free Trade Zone (DFTZ) in Malaysia recently is a great win and is expected to create an additional 60,000 high-income jobs, mainly for the younger generations. Overall 2018 is forecasted as a positive year with continued growth and new opportunities with regards to Industry 4.0 and will surely be another encouraging year for Malaysia. With this I wish you all a great 2018.

Regardless whether you are on the “on MDBCONNECTS 4TH ISSUE 2017

No. 33, Jalan i - Park 1/3 Kawasan Perindustrian i - Park Bandar Indahpura 81000 Kulai Johor, Malaysia Tel: +607 660 7878 Mail: info@hqpack.com.my

MY SERVICES - BUSINESS SERVICES Not all MDBC member-companies are involved in bilateral trade or investments; a very important part of the MDBC community is our service providers. They provide the services (or products) which all organisations, and often especially the potential Dutch investors in Malaysia, require. The ease of doing business within the MDBC community has substantially increased thanks to our service providers. This page is specially dedicated to them.

Relocation Services AGS FOURWINDS No 28B (Lot 24128), Jalan 5/32A Off 6 1/2 Mile Jalan Kepong 52100 Kuala Lumpur Tel: +603 - 6251 7075 Fax: +603 - 6252 4258 info-malaysia@agsfourwinds.com www.ags-globalsolutions.com The AGS Group is a leader in international door - to - door removals and storage of household and personal effects, offering premier relocation services to multinational organizations. In Malaysia, AGS also offers Records Management services for the physical and electronic storage of archives. Our extensive network currently consists of 142 branches covering 97 countries.

Desmond Foo Image Photography

HOTEL HILTON PJ No 2 Jalan Barat 46200 Petaling Jaya Selangor Darul Ehsan Tel: +603 - 7955 6122 Fax: +603 - 7957 7294 petalingjaya.info@hilton.com petaling-jaya.hilton.com Hilton Petaling Jaya (PJ) is the only 5 star international brand hotel strategically located in the heart of PJ, Malaysiaâ&#x20AC;&#x2122;s second city. A landmark of PJ and the surrounding area, the hotel combines the high standards of the Hilton brand with three decades of local insights for an unforgettable personalised experience. Following its extensive two year renovation program, Hilton PJ boasts 554 new rooms and suites as well as seven executive floors.

IT AVOWS TECHNOLOGY Level 15 - 06, Tower A The Vertical Business Suite, Avenue 3 Bangsar South, No 8 Jalan Kerinchi 59200 Kuala Lumpur Tel: +603 - 2712 3456 Fax: +603 - 2712 3457 info@avowstech.com www.avowstech.com Avows Technologies founded in 2008 provides IT Consulting, Smart Solutions, Application Development & Support services to customers in Malaysia, Singapore, India, Indonesia, and the US - using a Global Delivery Model backed by High Class Talent and established best practices. Our core strength lies in understanding the customerâ&#x20AC;&#x2122;s requirements and putting together a workable plan to address customer needs.

Photography IMAGE PHOTOGRAPHY 105 TKT 1 Blok 1, Jalan 4M 68000 Ampang Jaya Selangor Darul Ehsan Tel: +603 - 4266 3098 ysfoo8998@gmail.com FYS Image Photography has been doing photography and videography services for many years. This has mostly been for corporate company and hotel conferences, forum meetings, private parties, annual events, government special meetings, international meetings, and dialogues. We do a lot of overseas and embassy national day dinners and meetings. We also provide photography and videography services for many individual parties, birthday parties, special meeting, etc.

NEED A RELIABLE PARTNER FOR KEY BUSINESS SERVICES? THESE MDBC MEMBERS ARE JUST A PHONE CALL AWAY! MDBCONNECTS 4TH ISSUE 2017

NEW MEMBERS

WARM WELCOME

As always, we constantly expand to include new and interesting partners as part of our international community of business professionals, allowing our members to find more opportunities for success. To that end, we would like to extend a very warm welcome to the MDBC Community for the following new members:

BARENA GROUP SDN. BHD.

CORE - TEQ SDN. BHD.

DELFI MARKETING SDN. BHD.

MDBCONNECTS 4TH ISSUE 2017

BUSINESS ACTIVITY: Our core business is the trade of natural and synthetic rubber, and creating business value for our clients, suppliers and partners through enterprising selection of materials and procedures. Since our establishment, we focus mainly on promoting Southeast Asian natural rubber to countries in Europe, Middle East, and Asia. We play an essential role in the supply chain and we now acquire natural and synthetic rubber from producers and distribute these to the industry globally, mainly to tire manufacturers and rubber goods producers.

CORPORATE REPRESENTATION Mehdi Bagherian, Chief Executive Officer Maryam Rezvanfar, Director

BUSINESS ACTIVITY: Core - teQ is the supplier for high precision shafts, pulleys, and rollers for all kinds of industries. Our main markets are the (digital) printing market, material handling, agriculture, textile, packaging, and general machine markets.

CORPORATE REPRESENTATION Dennis Scherpenzeel, Managing Director Williem Scherpenzeel, Chief Executive Officer

We have a history of more than 57 years and are well known in the market for high precision long rollers in different materials like steel, stainless steel, aluminum, and also carbon fiber up to 3 meters in length and max. 250 mm in diameter. BUSINESS ACTIVITY: Delfi Marketing Sdn Bhd represents many international & domestic brands in Malaysia. Besides being involved in the sales, marketing, and distribution of the Delfi brand of chocolates, the company has expanded the line of brands product portfolio within the desired market to third party chocolates & confectioneries, consumer goods, pharmaceutical goods, personal healthcare, products, and veterinary products. We have a strong reputation for experience and reliability as a distributor of FMCG.

CONTACT: Level 26 Menara Maxis Kuala Lumpur City Center 50088 Kuala Lumpur Tel: +603 - 2615 2608 Fax: +603 - 2615 2699 Email: admin@barenagroup.com Website: www.barenagroup.com

CONTACT: No 10, Jalan NIP 1 / 1 Taman Perindustrian, Nusajaya 1 81500 Pulai (Gelang Patah) Johor Darul Taâ&#x20AC;&#x2122;zim Tel: +607 - 7532 1928 Fax: +607 - 7532 1929 Email: s.ali@core-teq.com Website: www.core-teq.com CORPORATE REPRESENTATION Samuel Koh Yong Wah, Trade Marketing Manager Pang Vui Bui, Group Product Manager CONTACT: Level 6, Block A, Sky Park One City Jalan USJ 25 / 1 47650 Subang Jaya Selangor Darul Ehsan Tel: +603 - 5123 3300 Fax: +603 - 5123 3400 Email: enquiry.kl@delfimarketing.com.my Website: www.delfimarketing.com.my

NEW MEMBERS

FISHION AQUARIUM PROJECTEN PRODUCTEN BURO

LINKMOTILITY SDN BHD

BUSINESS ACTIVITY: At Fishion Aquarium Projects and Products Buro we establish unique and inspiring experiences with a high level of entertainment and education. Versatility is our strength as we provide services from initial design concept, construction and project management for Public & Stand alone Aquariums & Water retaining systems, also for Zoos, Attraction & Amusement parks, and Resorts & Casinos. Design, feasibility check, construction, operational management, husbandry, ticketing, gift shop, and promotional activities are part of the extensive package.

CORPORATE REPRESENTATION Frank Wulffele, President / Chief Executive Officer Bram Mooij, Chief Financial Officer

BUSINESS ACTIVITY: LinkMotility is a business and career incubation centre for expatriate and local women in Malaysia providing business set up services for entrepreneurs, professional counselling, training, and networking.

CORPORATE REPRESENTATION Nima Ali, Co - Director Trine Tveen Nielsen, Co - Director

Through LinkMotility Career Program, we support ambitious and motivated women to transition back to the work place and climb the career ladder. We also offer a comprehensive Entrepreneurship Program customized for women entrepreneurs with business set up solutions, strategy and marketing training, and business connections. BUSINESS ACTIVITY: MikeBikes offers bicycle tours of Kuala Lumpur (KL). The bike is the ideal way to discover the real KL, and who better to tell visitors about it than local guides who know all about the origins and culture of this fascinating metropolis. Private or group tour? Itâ&#x20AC;&#x2122;s all possible at MikeBikes.

MIKEBIKES

PAYROLL PANDA

MikeBikes is an ethical business. We want the profits of MikeBikes to flow back to the local population and we do this by involving as many locals as possible in our activities. Also, our ultimate goal is to provide underpriviledged children with second hand bikes for free. BUSINESS ACTIVITY: PayrollPanda is a Malaysian SaaS company focusing on providing world class HR cloud applications. Our flagship product is PayrollPanda, an online payroll app that caters specifically to Malaysian SMEs. Our online software allows business owners and HR managers to run LHDN approved payroll in just a few clicks. Our aim is to make payroll simple and quick, and our user friendly interface makes it easy for anyone to run payroll - no training required. In addition to payroll management, our system comes with free leave management and an employee database.

CONTACT: Badhuisstraat 45 1789 AJ Huisduinen, Noord Holland The Netherlands Tel: +31 (0) 622 600 282 Tel MY: +6012 - 817 4711 Email: frank@fishion.com Website: www.fishion.com

CONTACT: Block A - 3 - 6 Plaza Arkadia 3 Jalan Intassari, Desapark City 52200 Kuala Lumpur Tel: +603 - 2712 6797 Email: contact@linkmotility.com Website: linkmotility.com

CORPORATE REPRESENTATION Maurice Janssen, Director Mike Janssen, Director CONTACT: 109 Jalan Ampang 50450 Kuala Lumpur Tel: +6017 - 673 7322 Email: info@mikebikes.nl Website: www.mikebikes.nl

CORPORATE REPRESENTATION Toine Vaessen, Co - Founder Asim Qureshi, Co - Founder CONTACT: 2-1-1 Commercial Unit, Bukit Utama 1 Changkat Bukit Utama PJU 6 Bandar Utama, 47800 Petaling Jaya Selangor Darul Ehsan Tel: +603 - 2787 9168 Email: admin@payrollpanda.my Website: www.payrollpanda.my

MDBCONNECTS 4TH ISSUE 2017

PICTURE PERFECT

Above: The evening at the Heineken Tavern brings all together!

MDBCONNECTS 4TH ISSUE 2017

Below: The Ladies Sundowner.

The Awards! The MDBC Innovation & Sustainability Awards 2017 at the DoubleTree by Hilton Kuala Lumpur brought together MDBC members with many friends from the corporate, government, and diplomatic communities.

MDBCONNECTS 4TH ISSUE 2017