Notes To The Financial Statements - Announcements - Bursa Malaysia

16
Chairman’s Statement (cont’d)
BUSINESS AND ECONOMY OVERVIEW
The Malaysian economy remained resilient in
2012, driven largely by domestic consumptions
and government driven investments.
The local logistics industry is expected to grow
by 10.3% to RM129.93 billion in 2012 against an
estimated RM117.8 billion last year, on strong
government support for logistics-related
development and growth fuelled by foreign
investments.
Government Transformation Programme and
the Economic Transformation Programme
(ETP), have created a conducive business
environment for growth in the logistics market.
Malaysia’s strategic location and its focus
on enhancing supply-chain efficiency would
continue to spur expansion in the logistics
industry here.
The country’s total cargo volume reached 545.13
million tonnes in 2012, a jump of 10.1% over the
495.29 million tonnes recorded last year.
Going forward, the Malaysian logistics industry
is projected to expand at a compound annual
growth rate of 11.6% to touch RM203.71 billion in
2016.
As Konsortium Logistik Berhad (“KLB”) aspires
to be a market leader and a pioneer in the
logistics industry, we continue to reinvent
ourselves through various innovative strategies
in pursuance to our mission over the years
– to provide our customers with a competitive
advantage through the delivery of superior
logistics services. This requires advanced
solutions that deliver real value for our customers.
Every business has its unique supply chain
needs and challenges. Our customers’ logistics
requirements are ever changing and are
always challenging. At KLB, we work with our
customers to ensure optimal supply chains
that provide maximum benefits to customers.
On the business development, I am pleased
with the team’s efforts to expand our
businesses. KLB has been appointed as one
of the panellists for both Mass Rapid Transit
Corporation Sdn. Bhd. (“MRT Corp”) and
Petronas Carigali Sdn. Bhd. in August 2012.
These significant appointments are expected
to lead the way for KLB to penetrate into the
Energy and Infrastructure sectors. With the
increasing business opportunities arising in
these sectors, KLB is poised to achieve better
financial results in the coming financial year.