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'Soccerstar' 2011 - Boustead Holdings Berhad

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<strong>Boustead</strong> holds<br />

Annual General Meeting<br />

- pg 3<br />

Group Internal Audit -<br />

Bandung Retreat <strong>2011</strong><br />

- pg 10<br />

Group Legal Services,<br />

Corporate Planning,<br />

Risk Management &<br />

<strong>Boustead</strong> REIT Managers<br />

Teambuilding in Bangkok<br />

- pg 11<br />

Back to the 70s at<br />

The Royale Bintang<br />

The Curve<br />

- pg 14<br />

erita<strong>Boustead</strong><br />

April - June <strong>2011</strong><br />

<strong>Boustead</strong> participates in<br />

GLC Open Day <strong>2011</strong><br />

- pg 8 & 9<br />

For internal circulation only


Dear fellow <strong>Boustead</strong>ians,<br />

Reaching the halfway mark of the financial year <strong>2011</strong> has<br />

been both encouraging and eventful for the Group.<br />

I am particularly pleased to note that your Group has<br />

registered a strong profit after tax of RM134 million for the<br />

first quarter of this financial year, marking a 29% jump on<br />

a year-on-year basis. These results are a clear affirmation<br />

of your Group’s strength and commitment in delivering on<br />

the bottomline and enhancing shareholder value.<br />

The month of March marked a significant milestone<br />

for the Group with the completion of the Pharmaniaga<br />

<strong>Berhad</strong> acquisition. We are looking forward to positive and<br />

sustained contributions from our Pharmaceutical Division<br />

with the completion of this acquisition. I am confident all<br />

subsidiaries and departments across the Group will support<br />

this new listed subsidiary to achieve the aspirations of the<br />

Group.<br />

The <strong>Boustead</strong> Group, being a leading public limited<br />

company under the stable of companies of Lembaga<br />

Tabung Angkatan Tentera was also involved in the GLC<br />

Open Day which was a major exercise undertaken by all<br />

GLCs in Malaysia to communicate to Malaysians and the<br />

public at large on the value proposition that the GLCs bring<br />

to the Malaysian economy. It was indeed a very positive<br />

event and we are glad to be part of this significant effort<br />

to help Malaysians understand the role that GLCs play in<br />

the economy.<br />

As we look towards the remaining quarters of the year,<br />

I trust all <strong>Boustead</strong>ians will work extra hard in order to<br />

ensure that your Group remains successful and achieves<br />

its goals this coming year.<br />

As Ramadan is fast approaching, I take this opportunity to<br />

wish all our Muslim friends a happy fasting. May this year’s<br />

Ramadan be a better one for us all.<br />

Thank you.<br />

Tan Sri Dato' Lodin Wok Kamaruddin<br />

Deputy Chairman/<br />

Group Managing Director's message<br />

Perutusan Timbalan Pengerusi/<br />

Pengarah Urusan Kumpulan<br />

Staf <strong>Boustead</strong> yang dihargai,<br />

Perjalanan Kumpulan menuju pertengahan tahun<br />

kewangan <strong>2011</strong> adalah menggalakkan dan penuh dengan<br />

pelbagai peristiwa.<br />

Dengan sukacitanya, saya ingin memaklumkan bahawa<br />

Kumpulan telah mencatatkan keuntungan selepas cukai<br />

yang kukuh sebanyak RM134 juta bagi suku pertama tahun<br />

kewangan ini, iaitu peningkatan sebanyak 29% berasaskan<br />

tahun atas tahun. Keputusan ini jelas mengesahkan<br />

kekuatan dan komitmen Kumpulan untuk memperoleh<br />

keuntungan dan meningkatkan nilai pemegang saham.<br />

Kumpulan mencatatkan satu lagi peristiwa penting<br />

pada bulan Mac dengan selesainya pengambilalihan<br />

Pharmaniaga <strong>Berhad</strong>. Kami mengharapkan sumbangan<br />

yang positif dan berterusan dari Bahagian Farmaseutikal<br />

dengan selesainya pengambilalihan ini. Saya yakin semua<br />

anak syarikat dan jabatan di seluruh Kumpulan akan<br />

menyokong anak syarikat yang baru disenaraikan ini untuk<br />

mencapai aspirasi Kumpulan.<br />

Sebagai sebuah syarikat awam terkemuka dan kukuh di<br />

bawah Lembaga Tabung Angkatan Tentera, Kumpulan<br />

<strong>Boustead</strong> juga terlibat dalam Hari Terbuka GLC, iaitu satu<br />

usaha besar yang melibatkan semua Syarikat Berkaitan<br />

Kerajaan (GLC) di Malaysia untuk memberi pendedahan<br />

yang lebih dekat lagi kepada rakyat Malaysia dan<br />

masyarakat secara amnya tentang peranan yang dimainkan<br />

oleh GLC dalam menyumbang kepada pembangunan<br />

ekonomi negara.<br />

Dalam kita mengharungi baki suku tahun selebihnya,<br />

saya percaya semua staf <strong>Boustead</strong> akan bekerja dengan<br />

lebih kuat lagi agar Kumpulan kita sentiasa berjaya dan<br />

mencapai matlamatnya pada tahun berikutnya.<br />

Memandangkan bulan Ramadan akan tiba tidak lama<br />

lagi, saya mengambil kesempatan ini untuk mengucapkan<br />

selamat berpuasa kepada semua rakan umat Islam kita.<br />

Semoga Ramadan pada tahun ini lebih bermakna buat kita<br />

semua.<br />

Terima kasih.<br />

Tan Sri Dato’ Lodin Wok Kamaruddin<br />

A shareholder posing a question to the Board Members<br />

<strong>Boustead</strong> holds<br />

Annual General Meeting<br />

<strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong>'s 49th Annual General Meeting (AGM)<br />

was held on 7 April <strong>2011</strong> at the Menara <strong>Boustead</strong>’s 4th Floor<br />

Conference Room.<br />

All resolutions put forward were passed by the shareholders during the<br />

AGM. These resolutions include amongst others, receiving and adopting<br />

the audited financial statements of the <strong>Boustead</strong> Group for the year<br />

ended 31 December 2010 and re-appointing Directors of the Company.<br />

The meeting concluded with a press conference.<br />

Another milestone achievement by MHS Aviation<br />

It was a proud moment and a feather in the<br />

cap for MHS Aviation <strong>Berhad</strong> on 28 April<br />

<strong>2011</strong>, when the company was presented<br />

with the Gold Award by ExxonMobil<br />

for `Hurt-Free Operations’ exceeding<br />

100,000 man-hours, cumulative for<br />

the last three years for its Kerteh<br />

operations. This safety recognition<br />

by ExxonMobil is another milestone<br />

achievement for MHS Aviation.<br />

Leading the helicopter operations for<br />

oil and gas services in Malaysia, and<br />

recognised by international helicopter<br />

operators, manufacturers and<br />

Original Equipment Manufacturers<br />

(OEMs) for our safety achievements,<br />

this award is an addition to the numerous local and<br />

international awards achieved throughout its 27 years of<br />

operations, both in the domestic and international arena.<br />

Incidentally, during the period of review by ExxonMobil<br />

for this award, MHS Aviation achieved the ‘CHAMPION’<br />

award from Petronas Carigali for its Peninsular Malaysia<br />

Operations (PMO) Contractors’ HSE Award in 2009.<br />

MHS Aviation’s Safety Management System (SMS) is<br />

premised on a solid foundation with the following eight<br />

building blocks:<br />

1. Senior management’s commitment in safety<br />

management.<br />

2. Effective safety reporting.<br />

3. Continuous monitoring through safety data collection<br />

system on hazards during normal operations.<br />

4. Investigation of safety occurrences with the objective<br />

of identifying systemic safety deficiencies rather than<br />

assigning blame.<br />

5. Sharing safety lessons learned and best practices<br />

through an active exchange of safety information.<br />

6. Integration of safety training for operations personnel.<br />

7. Effective implementation of Standard Operating<br />

Procedures (SOPs).<br />

8. Continuous improvement of the overall safety levels.<br />

With these SMS building blocks actively pursued on a daily<br />

basis and with the desire as well as determination to<br />

strive for continuous improvement, MHS Aviation shall<br />

endeavour to maintain, if not, better its safety statistics to<br />

continue as a leading provider of helicopter and fixed wing<br />

charter services in Malaysia.


Phase 2L<br />

Sales Launch – Phase 2L<br />

Mutiara Rini Johor recently launched<br />

12 double storey semi-detached units<br />

in its Phase 2L. The sales launch was<br />

held on 23 April <strong>2011</strong> at Mutiara Rini<br />

Sales Office. A total of 55 registrants<br />

were invited exclusively for the sales<br />

launch.<br />

These semi-detached houses offer a lot<br />

size of 45’ x 115’/144’. Built-up areas<br />

vary from the minimum size of 3,063<br />

sq. ft. to the largest of 3,690 sq. ft.<br />

Selling price starts from RM497,000.00.<br />

Each house has five bedrooms and four<br />

bathrooms with the master bedroom<br />

located on the first floor. Another<br />

family hall on the first floor exudes<br />

comfort and convenience for a modern<br />

lifestyle.<br />

Four units were taken up during the<br />

sales launch and customers were quite<br />

The Heads of Department & Executives Brainstorming<br />

Session for <strong>Boustead</strong> Curve Sdn. Bhd. and Damansara<br />

Entertainment Centre Sdn. Bhd. (DEC) was held<br />

from 22 - 24 April <strong>2011</strong> at Hyatt Regency Kuantan. It was<br />

attended by nine Heads of Department and 15 selected<br />

executives from both companies.<br />

The session began with a talk on Transformational<br />

Leadership by Y.Bhg. Laksamana Tan Sri Dato’ Sri Mohd<br />

Anwar Hj. Mohd Nor (R), Chairman of Lembaga Tabung<br />

Angkatan Tentera. This was followed by a discussion led<br />

by Y.Bhg. Dato’ Ghazali Mohd Ali, Director of <strong>Boustead</strong><br />

Curve.<br />

The brainstorming session resumed the next day<br />

where participants discussed the SWOT (Strengths,<br />

Weaknesses, Opportunities and Threats) analysis<br />

of the two malls (the Curve and e@Curve) and the<br />

departmental Key Performance Index (KPI). The session<br />

Phase 2G3<br />

Mutiara Rini Sales Launch<br />

impressed with the design which they<br />

described as simple and practical.<br />

Sales Launch – Phase 2G3<br />

The most awaited Phase 2G3 at Rini<br />

Hills was successfully launched on<br />

21 & 22 May <strong>2011</strong> at Mutiara Rini Sales<br />

Office with a total of 87 units up for sale.<br />

These exclusive 24’ x 75’ double storey<br />

terrace houses with selling price that<br />

starts from RM328,000.00 and built-<br />

Sales launching of Phase 2G3<br />

Phase 2G3<br />

up area of 2,071 sq. ft. are perfectly<br />

accompanied by excellent location that<br />

sits on prime acres of Rini Hills.<br />

These houses come in three different<br />

designs, each design offering a<br />

contemporary facade and spacious<br />

interior to enhance modern living. Each<br />

house is complete with stylish and<br />

outstanding features.<br />

The response was overwhelming and<br />

unbelievable, more so when some<br />

customers were willing to queue to<br />

buy the house a day before the sales<br />

launch.<br />

A total of 61 non-bumiputra units were<br />

taken up during the two-day sales<br />

launch. MR50 and MR38 were the most<br />

preferred design compared to MR68.<br />

However, the most expensive units of<br />

MR68, with a price tag of RM545,000.00<br />

were sold within two hours on the first<br />

day of the sales launch.<br />

<strong>Boustead</strong> Curve and DEC hold Heads of Department<br />

& Executives Brainstorming Session<br />

ended late Saturday evening whereby participants left for Kuala<br />

Lumpur after breakfast the next day.<br />

A group photo with Tan Sri Anwar and Dato' Ghazali<br />

30<br />

March<br />

30<br />

March<br />

22<br />

April<br />

The Royale Bintang news <strong>2011</strong><br />

The Royale Chulan Kuala Lumpur's Staff<br />

Annual Dinner <strong>2011</strong>, themed 'International<br />

Night' was held at the Tamingsari Ballroom.<br />

Assistant Guest Services Manager, Ms.<br />

Selvi Tan won the coveted 'Employee of<br />

the Year' award at The Royale Chulan<br />

Kuala Lumpur's Staff Annual Dinner <strong>2011</strong>.<br />

Institut Kelautan Malaysia (IKMAL) organised its Silver<br />

Jubilee Gala Dinner at The Royale Chulan Kuala Lumpur.<br />

The guests of honour were Y.A.Bhg. Tun Dr. Mahathir<br />

Mohamad, Y.A.Bhg. Tun Dr. Siti Hasmah Mohd Ali,<br />

IKMAL's President, Capt. Hj. Tasripin Masotee and<br />

Vice President, Y.Bhg. Dato’ Ir. Abdul Hak Amin.<br />

27<br />

April<br />

The Royale Chulan<br />

Kuala Lumpur<br />

feted secretaries<br />

and bosses alike at<br />

Secretaries Week<br />

Luncheon, featuring<br />

the legendary<br />

Indonesian singersongwriter<br />

Bob<br />

Tutupoli (most<br />

famous for the<br />

‘Widuri’ song).<br />

8<br />

May<br />

8<br />

May<br />

9<br />

May<br />

16<br />

May<br />

Proud mums presented their cakes<br />

decorating skills at The Royale Bintang Kuala<br />

Lumpur’s annual Mother’s Day Hi-Tea.<br />

Chef Suresh lent some tips to a participant of<br />

The Royale Bintang Resort & Spa Seremban’s<br />

'Mother-Daughter Cake Making Competition.'<br />

Famous<br />

Indonesian band<br />

D’lloyd came<br />

to perform an<br />

outstanding set<br />

for guests of<br />

The Heritage<br />

Lounge, The<br />

Royale Chulan<br />

Kuala Lumpur.<br />

The Royale<br />

Bintang Kuala<br />

Lumpur launched<br />

a 'Washing<br />

Hand Campaign'<br />

initiative to instill<br />

good hygiene<br />

practices for<br />

all hotel staff<br />

members.


Qualifications:<br />

• Associate member of the Institute of Chartered Accountants<br />

in England & Wales (ICAEW)<br />

• First-class Honours Bachelor of Economics in Accounting &<br />

Finance from the University of Manchester<br />

Date Joined <strong>Boustead</strong>:<br />

• 1 August 2007<br />

Current Position:<br />

• Finance & Administration Manager,<br />

<strong>Boustead</strong> Travel Services Sdn. Bhd.<br />

Teo claims that he has had an interest and a passion for accounting<br />

from a very early age. While he admits that this would seem<br />

strange to most people, he cannot recall a time when he did not<br />

harbour the ambition of being a successful accountant. Chasing<br />

this dream, he took the first step by signing up for the subject<br />

Prinsip Perakaunan for his SPM and has not looked back since.<br />

Fresh from graduating with a First Class honours degree in<br />

Accounting and Finance from the University of Manchester, Teo<br />

joined the company in August 2007 as the inaugural member<br />

of <strong>Boustead</strong>’s ICAEW Accountant Trainee Programme which<br />

<strong>Boustead</strong> had just embarked on. Since then, he has been<br />

attached to Group Finance, The University of Nottingham<br />

Malaysia Campus and <strong>Boustead</strong> Travel Services. Through these<br />

experiences, he has had the opportunity to better understand<br />

the scope of the businesses that <strong>Boustead</strong> is involved in.<br />

In addition to his responsibilities at work, he regularly attended<br />

classes and lectures in preparation for examinations throughout<br />

the year. This became increasingly difficult as he took on bigger<br />

roles and responsibilities at the workplace and he admits that<br />

at times, holding a full time job while pursuing his studies were<br />

likened to hurdles that seemed insurmountable. He successfully<br />

completed his examinations and graduated from the programme<br />

in December 2010.<br />

When asked how he felt upon receiving the results for his final<br />

examination, he confessed that his immediate reaction was that<br />

of relief. “My final exam was taken when I had just assumed the<br />

role as the accounting head of <strong>Boustead</strong> Travel Services. My role<br />

and responsibilities were new to me so I had to try very hard to<br />

stay focused as I prepared for my exams. I’ve never worked as<br />

hard as I did then but with a little bit of luck and determination,<br />

I made it!”<br />

Profile of a Chartered Accountant<br />

Teo Tian Rong<br />

Today, he looks forward to applying the knowledge gained<br />

from his time with the programme to enhance and improve<br />

the quality of his work. He is extremely grateful to Mr. Daniel<br />

Ebinesan, the Group’s Finance Director and visionary of the<br />

programme for allowing him to develop so quickly and for all<br />

the guidance he has offered him over the years. Looking at<br />

the future, he hopes to repay Mr. Daniel’s faith in him and to<br />

continue providing value to the Group for many years to come.<br />

Accountant Trainee Programme<br />

The objective of the <strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong> Accountant<br />

Trainee Programme is to recruit and train fresh graduates as<br />

future accountants for the Group. The programme serves<br />

as a form of CSR (Corporate Social Responsibility) in training<br />

young professionals for the growth of the nation. It is specially<br />

tailored for those looking to become Chartered Accountants<br />

with a wide range of accounting bodies including the ICAEW<br />

(Institute of Chartered Accountants in England & Wales),<br />

MICPA (Malaysian Institute of Certified Public Accountants)<br />

and CIMA (Chartered Institute of Management Accountants).<br />

Spearheaded by Mr. Daniel, it is aimed towards graduates with<br />

degrees in accountancy and is unique in that trainees will be<br />

sponsored by the Company.<br />

Trainees can look forward to a training period of approximately<br />

three to four years, during which they will be rotated around<br />

the Group’s wide range of operations and subsidiaries. The<br />

job rotation is designed to provide trainees with exposure to a<br />

broader spectrum of the accounting and business aspects of the<br />

Group. Over the course of this training, trainees are mentored<br />

to develop both personally and professionally in a wide range of<br />

areas. At the same time, trainees are required to attend classes<br />

and study on evenings and weekends, culminating in the sitting<br />

of examinations which are held throughout the year.<br />

Ultimately, this marriage of work experience and academic<br />

knowledge ensures that graduates of the programme are wellrounded<br />

professionals. Graduates will thus be able to deal with the<br />

rigours and responsibilities expected of a Chartered Accountant.<br />

There are currently two other trainees who are pursuing the<br />

ICAEW and MICPA under this programme.<br />

Teo and his mentor, Mr. Daniel<br />

Catching up with old friends<br />

On 11 May <strong>2011</strong>, a luncheon<br />

was held at The Royale Chulan<br />

Kuala Lumpur to bid farewell<br />

to Mr. Ting Sik Fatt. Mr. Ting, who<br />

first joined <strong>Boustead</strong> in September<br />

1980 as a Sales Engineer has recently<br />

retired from his position as the General<br />

Manager of <strong>Boustead</strong> Engineering<br />

Sdn. Bhd. after more than 30 years<br />

Farewell to<br />

Mr. Ting Sik Fatt<br />

of service. In his speech, Mr.<br />

Ting thanked all his staff for<br />

all their support and loyalty<br />

to him and the Company and<br />

hoped that the Company will<br />

continue to prosper.<br />

Present at the luncheon were<br />

Deputy Chairman/Group<br />

Managing Director, Y.Bhg.<br />

Tan Sri Dato' Lodin Wok<br />

Kamaruddin, Divisional<br />

Directors, Senior<br />

Management Staff and<br />

managers of <strong>Boustead</strong> Engineering.<br />

Mr. Ting was also accompanied by<br />

his wife, Mdm. Hoon Peck Yah. In<br />

recognition of Mr. Ting’s long service<br />

and contributions to the Company,<br />

Tan Sri Lodin presented both Mr.<br />

and Mrs. Ting with tokens of<br />

appreciation from the Company.<br />

Mr. Ting's last group photo with <strong>Boustead</strong> team<br />

On behalf of the Group, we would like<br />

to wish Mr. Ting, a happy and healthy<br />

retirement and all the best in his future<br />

endeavours!<br />

Mr. Ting receiving a token of appreciation<br />

from Tan Sri Lodin


The Prime Minister taking a closer look at a palm fruit<br />

Tan Sri Muhyiddin being briefed on the development of Heavy Industries Division<br />

Pak Lah and Tun Jeanne having a look at a model of a chemical tanker - Chulan 1<br />

Also seen at <strong>Boustead</strong> booth is Senator Dato' Sri Idris Jala<br />

Tun Dato’ Seri Ahmad Sarji Abdul Hamid being briefed<br />

on Mutiara Damansara development<br />

Staff of <strong>Boustead</strong> Estates and Applied Agricultural Resources<br />

Visitors being briefed on palm oil products<br />

Staff of Pharmaniaga<br />

Sharing a light moment<br />

Job seekers at Human Capital Management booth<br />

Visitors filling out forms and going through leaflets<br />

<strong>Boustead</strong> participates<br />

in GLC Open Day <strong>2011</strong><br />

<strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong> and its subsidiaries<br />

recently participated in GLC Open Day <strong>2011</strong> held<br />

from 24 - 26 June <strong>2011</strong> at the KL Convention<br />

Centre. Aptly themed ‘Nation-building, Touching<br />

Lives,’ the Open Day aimed at creating awareness and<br />

increasing the public’s understanding on the unique roles<br />

played by government-linked investment companies<br />

(GLICs) and government-linked companies (GLCs).<br />

The Prime Minister Y.A.B. Dato’ Sri Mohd Najib Tun<br />

Abdul Razak who officiated the opening of the GLC Open<br />

Day on 24 June <strong>2011</strong> stopped by our booth and viewed<br />

the products and services on display by our operating<br />

companies. He was accompanied by Y.Bhg. Laksamana<br />

Tan Sri Dato’ Sri Mohd Anwar Hj. Mohd Nor (R), Chairman<br />

of Lembaga Tabung Angkatan Tentera and Y.Bhg. Tan Sri<br />

Dato’ Lodin Wok Kamaruddin, Deputy Chairman/Group<br />

Managing Director of <strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong>. We<br />

received many visitors who were interested in learning<br />

more about the Group’s businesses, while exploring<br />

business and job opportunities.<br />

Other VIPs who stopped by our booth were Deputy<br />

Prime Minister Y.A.B. Tan Sri Dato’ Muhyiddin Mohd<br />

Yassin, former Prime Minister Y.A.B. Tun Abdullah<br />

Ahmad Badawi and wife Y.A.Bhg. Tun Jeanne Abdullah,<br />

and Minister in the Prime Minister’s Department, Y.B.<br />

Senator Dato’ Sri Idris Jala.<br />

The Open Day, organised by the Putrajaya Committee<br />

on GLC High Performance involved five GLICs and 18<br />

GLCs. Spanning over five exhibition halls, the Open Day<br />

also featured contests, promotions and educational<br />

forums. It concluded with an impressive turnout of<br />

more than 30,000 visitors over the three-day event.<br />

A visitor being briefed on UAC products<br />

Among staff on duty during the Open Day A photo with Upin & Ipin mascots


10 11<br />

A<br />

Group Internal Audit - Bandung Retreat <strong>2011</strong><br />

(6 - 9 May <strong>2011</strong>)<br />

Staff showing off their bargaining skills<br />

total of 33 Group<br />

Internal Audit staff were<br />

in Bandung, Indonesia<br />

from 6 - 9 May <strong>2011</strong> for the<br />

long awaited department<br />

retreat. The retreat was organised<br />

to create a close-knit kinship between new<br />

and existing employees from both headoffice<br />

and Kota Kinabalu office.<br />

Bandung is well-documented as a shopping<br />

haven for shopaholics. Everything is cheap<br />

and since our Malaysian Ringgit (RM) is at an<br />

all-time high, the Indonesian Rupiah (IDR)<br />

can turn you an instant millionaire.<br />

A list of assorted activities was lined up for the<br />

group which included a tour of the historical<br />

city, which is well-known for its historical<br />

sights and colonial buildings and visits to the<br />

mountainous outskirt of Bandung. Besides<br />

enjoying the scheduled activities together,<br />

we were also confronted with situations where our<br />

social and survival skills were indirectly put to test<br />

while adapting into a strange land.<br />

Once out of the Hussein Sastranegara Airport in<br />

Bandung, we had our first taste of the road pedlars who<br />

offered a variety of souvenirs such as wooden pencils<br />

with Bandung inscriptions, home-made keychains,<br />

fridge magnets and metal praying beads (aka tasbih).<br />

We quickly learnt that if we're not interested in buying<br />

We try our best to ignore the pedlars<br />

Patience skills being tested<br />

All excited to leave for Bandung<br />

We saw, we came, we conquered!<br />

the item, we must simply ignore them and avoid any eye<br />

contact, otherwise, we could be bargaining with them<br />

until the cows come home. Don’t promise a street pedlar<br />

that you will buy things from him, as he will follow you<br />

everywhere you go until you do actually buy something<br />

from him.<br />

Comfortable shoes were a necessity for this trip, especially<br />

for the visit to one of the biggest volcano crater in Indonesia,<br />

Tangkuban Perahu and mostly for the walks from one<br />

factory outlet to another. These walks stretched on until the<br />

wee hours and enabled us to enjoy the cool<br />

night weather of Bandung.<br />

Being serenaded by an up-and-coming star<br />

Bandung is filled with social and serviceoriented<br />

people, given the many hotels<br />

and restaurants. Music scenes (eg: buskers)<br />

are aplenty. It seems that everybody in<br />

Bandung can sing (even if it is an old<br />

Javanese song). However, petty crimes are<br />

unavoidable. Walking in groups and high<br />

alertness evaded bad happenings to our<br />

team members.<br />

All in all, we left Bandung with rejuvenated<br />

feelings and fond memories, not forgetting<br />

heavier bags and lighter wallets.<br />

Enjoying the cool air of Bandung<br />

Group Legal Services,<br />

Corporate Planning,<br />

Risk Management<br />

& <strong>Boustead</strong><br />

REIT Managers<br />

Teambuilding<br />

in Bangkok<br />

(21 - 23 May <strong>2011</strong>)<br />

A pose in front of Bangkok Palace Hotel<br />

Group photo at the Arts of<br />

Kingdom-Anantasamakhom Throne Hall<br />

Finally, food is served<br />

Legal Services Department,<br />

Corporate Planning Department,<br />

Risk Management Department<br />

and <strong>Boustead</strong> REIT Managers Sdn.<br />

Bhd. recently were in Bangkok for<br />

our annual teambuilding activities.<br />

The objective of this teambuilding<br />

was to strengthen the bond amongst<br />

all participants. It was an eventful<br />

3-day 2-night programme that was<br />

fun, exciting and educational.<br />

Day 1: Upon arrival at<br />

Suvarnabhumi International Airport,<br />

we were welcomed by our tour<br />

guide Mr. Virush @ Rush. After a<br />

hearty and sinful Thai-food lunch<br />

(of course!), our first activity was<br />

a visit to the Arts of Kingdom -<br />

Anantasamakhom Throne Hall<br />

where we feasted our eyes on the<br />

beautiful handcrafted products of<br />

Thailand.<br />

Enjoying a Chao Phraya river cruise<br />

We took a river cruise along the mighty<br />

Chao Phraya River where we enjoyed<br />

the scenic views of Bangkok’s city<br />

skyline and got up-close with scenes<br />

along the river bank, and ‘lives’ in the<br />

river (where we fed the huge and everhungry<br />

catfish). As it was a long day<br />

with non-stop activities, we decided to<br />

have our dinner first before checkingin<br />

to our hotel, Bangkok Palace Hotel.<br />

Dinner was at Notaprat, a restaurant<br />

well-known for its Thai cultural shows.<br />

'It’s giraffe feeding time!'<br />

Kamal, our delightful colleague, was<br />

the happiest person that night as he<br />

was invited to dance with the pretty<br />

and angelic dancers on stage.<br />

Day 2: A trip to Bangkok would<br />

not be complete without visiting<br />

and touring the Safari World, where<br />

animals are left to roam freely.<br />

The animal shows were equally<br />

entertaining with the Dolphin Show,<br />

Seal Show and Thai Orang Utan<br />

Boxing Show (which is the only Orang<br />

Utan show in Asia). Towards the end<br />

of the afternoon, we headed back to<br />

our hotel to rest, and for our free and<br />

easy activities.<br />

Day 3: Started a bit late as we<br />

were mostly tired after the long and<br />

full 2-day activities. We decided to<br />

rest at the hotel before we checkedout<br />

and had our last meal in Bangkok<br />

together at Mak Yah Moslem<br />

Restaurant. Soon after, we headed<br />

towards the airport for our trip back<br />

home to Kuala Lumpur.<br />

Riding on the Tuk Tuk<br />

Overall, the group enjoyed this trip and<br />

succeeded in reinforcing camaraderie<br />

between team members.<br />

'The tiger looks hungry, let’s feed him!' Say cheese everyone! Dancing with the stars<br />

'HRH' Najib<br />

in front of his palace


1 1<br />

Training activities for second quarter of <strong>2011</strong><br />

In the second quarter of the year<br />

<strong>2011</strong>, the Group Human Capital<br />

Management Department organised<br />

various training programmes ranging<br />

from the Induction programme to<br />

generic soft skills and Human Resource<br />

and Industrial Relations programmes.<br />

Amongst the programmes conducted<br />

for executive staff were ‘Emotional<br />

Intelligence for Work Performance,’<br />

‘Managing Work Life Balance’ and<br />

‘Business Continuity Management,’<br />

whereby a programme on ‘Supervisory<br />

Development’ was successfully<br />

organised for the non-executive staff.<br />

Announcement<br />

At the same time, the Human Resource<br />

and Industrial Relations Training<br />

Programme series kicked-off with<br />

the first of its series for the year on<br />

‘Competency Profiling,’ and this was<br />

attended predominantly by the Group’s<br />

HR practitioners.<br />

Apart from the soft skills programmes,<br />

the Group Human Capital Management<br />

Department also brought in the first<br />

Video Programme for the year, entitled<br />

‘The Moment of Truth.’ The programme<br />

was targeted at the executive staff<br />

and will be extended to non-executive<br />

staff in another session to be held in<br />

August.<br />

Based on the positive responses and<br />

feedbacks from the participants, the<br />

Group Human Capital Management<br />

Department will continue to conduct<br />

and organise more training and<br />

development programmes throughout<br />

the year.<br />

For more information, be on the<br />

lookout for the ‘e-mail blast’ from<br />

the Department or alternatively,<br />

kindly contact Pn. Siti (ext. 213) or Cik<br />

Razween (ext. 247).<br />

Please be advised that the Group Human Resource<br />

Department is now known as the Group Human Capital<br />

Management Department.<br />

We will continue to be contactable as follows:-<br />

Group Human Capital Management Department<br />

<strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong><br />

5th Floor, Menara <strong>Boustead</strong><br />

69, Jalan Raja Chulan<br />

50200 Kuala Lumpur<br />

Tel: 03-2141 9044 Fax: 03-2031 5332<br />

"All together now......arms to the side and up-up and away!"<br />

"Nice headgears...wonder which tribe<br />

they come from?"<br />

Our team offerings to the Chief and<br />

to ‘Mother Nature’<br />

Sales Managers emphasising<br />

on sales achievement<br />

<strong>Boustead</strong> Sissons Paints re-energises<br />

at The Royale Bintang Resort & Spa<br />

Seremban (19 – 22 May <strong>2011</strong>)<br />

On 19 May <strong>2011</strong>, the entire sales force team<br />

throughout Malaysia and management<br />

team of <strong>Boustead</strong> Sissons Paints Sdn. Bhd.<br />

attended a 4-day 3-night Sales Conference and<br />

Corporate Teamwork Programme at The Royale<br />

Bintang Resort & Spa Seremban.<br />

Our training session started at about 5.00 p.m.<br />

on the first day until dinner before continuing<br />

with our first green management game called Among the first obstacles in the Royale Race<br />

Star Navigation. Armed with compasses, maps,<br />

torchlights and a time limit of 1.5 hours, all team<br />

members were seen scouring around the hotel premises looking for check points and<br />

clues. Our session that night ended late but we were all exhilarated and excited on the<br />

game’s outcome and looked forward to the following day.<br />

The second day of the programme was dedicated to the Sales Conference. Here, our<br />

management team highlighted the sales achievement, under achievement, future projections<br />

and sales planning for the future. The branches communicated their respective branch’s<br />

progress, their future plans and the sales initiatives carried out at respective branches. The<br />

Sales Conference wrapped up with a pledge from all to put in the extra effort to improve sales,<br />

as well as to increase market share to achieve targets set.<br />

Our third day was dedicated to green management games and action-based classroom<br />

activities with our Principal Coach Dr. Kishu. We started with Princess<br />

Diana Landmine activity, where we used sign language<br />

and symbols to navigate our way out of the landmine. The<br />

morning ended at the training room and team members were<br />

asked to reflect on what happened and why.<br />

"Careful now....we don't want you to get<br />

blown-up on the mine field!"<br />

All ears on their team members presentations<br />

Lunch was a unique experience whereby each partner had to<br />

choose the dishes that he/she thought his/her partner liked<br />

without asking the other party. Regardless of what the other<br />

party put on the plate, his/her partner had to happily tuck into<br />

their lunch. After the ‘team lunch’, it was time for the Royale<br />

Race. Taking place at the adjacent recreational forest, all teams<br />

were given different paths with different obstacles to overcome<br />

but with the same goal of ending the race with a winning<br />

attitude. The race ended at 5.30 p.m. with a feel-good mood that<br />

as a team we had accomplished our goal for the day.<br />

Our last day of the programme started with a refreshing<br />

isometric exercise. After a healthy breakfast, we headed back to<br />

the classroom for more reflections and action-based classroom<br />

activities. In the session, we all shared our expectations from<br />

the company and vice versa. By noon, our General Manager, En.<br />

Megat Joha wrapped up our 4-day 3-night programme and team<br />

members dispersed to return to their respective states.<br />

One for memory lane "Let’s rejoice and make a difference!"


1<br />

1 1<br />

Back to the 70s at The Royale Bintang The Curve<br />

Dato’ Leonard Tan<br />

singing a song<br />

Tan Sri Lodin giving a speech<br />

On 20 April <strong>2011</strong>, <strong>Boustead</strong> Curve Sdn. Bhd., Damansara Entertainment<br />

Centre Sdn. Bhd. and <strong>Boustead</strong> DCP Sdn. Bhd. had their Annual<br />

Dinner at The Royale Bintang The Curve. More than 200 staff<br />

attended the event themed ‘Back to the 70s.’<br />

The programme began at 8 p.m. with a speech by Y.Bhg. Tan Sri Dato’ Lodin<br />

Wok Kamaruddin, Deputy Chairman/Group Managing Director of <strong>Boustead</strong><br />

<strong>Holdings</strong> <strong>Berhad</strong>. After dinner was served, guest performer cum emcee,<br />

Y.Bhg. Dato’ Leonard Tan, entertained staff with a few songs.<br />

Awards such as Commendation Awards and Merit Awards were given out later<br />

in the evening. Other activities included prize giving for Games Challenge <strong>2011</strong>,<br />

lucky draws, a karaoke session and selection of Best Dressed Couples.<br />

The top five Best Dressed Couples<br />

Two out of four Inspira won in BHPetrol contest<br />

BHPetrol's FFII April Grand Prize Winner - Mr. Veenaigmoorthy<br />

was hardly the word to<br />

describe the winner of the first<br />

‘Lucky’<br />

Proton Inspira 2.0 CVT in the<br />

4-month BHPetrol Infiniti Fever Frenzy<br />

II Contest by <strong>Boustead</strong> Petroleum<br />

Marketing Sdn. Bhd. ‘Smart’ would be a<br />

more likely word to describe the winner<br />

Mr. N. Veenaigmoorthy a/l Narasaman<br />

from Puchong, Kuala Lumpur.<br />

Mr. Veenaigmoorthy, 45, got an early<br />

start on the Infiniti Fever Frenzy II<br />

contest by pumping BHPetrol Infiniti<br />

Advanced2X 95 as soon as the<br />

contest was launched on 1 April<br />

<strong>2011</strong>. And he kept pumping as<br />

often as possible, submitting<br />

as many entry forms during<br />

the month.<br />

“I am a regular user of BHPetrol<br />

Infiniti Advanced2X 95 so when<br />

I heard about Infiniti Fever<br />

Frenzy II, I grabbed the chance<br />

to participate. Not only do I<br />

get the best fuel in the market<br />

but now I can drive home with<br />

a brand new Proton Inspira!”<br />

he said after being presented<br />

his prize. Mr. Veenaigmoorthy declared<br />

himself to be a big fan of BHPetrol<br />

fuel and has been using it for many<br />

years.<br />

In addition to the Proton Inspira<br />

won by Mr. Veenaigmoorthy, he<br />

also received an additional 50,000<br />

ePoints for being a BHPetrol ecard<br />

holder. The ePoints can be used to<br />

redeem numerous items in BHPetrol’s<br />

loyalty programme that was open<br />

to all its customers. Besides Mr.<br />

Veenaigmoorthy, there were 30<br />

customers who won RM1,000.00<br />

in cash prizes.<br />

The BHPetrol Infiniti Fever Frenzy<br />

II Contest runs up to 31 July<br />

<strong>2011</strong> and participation is easy:<br />

just spend at least RM30.00 at<br />

participating BHPetrol service<br />

stations throughout Peninsular<br />

Malaysia, answer two questions<br />

on the entry form and submit it<br />

at the station. Eligible participants<br />

can submit as many valid entries<br />

within the contest period but are<br />

entitled to win only one prize.<br />

All winners who are members of<br />

BHPetrol’s ecard loyalty programme<br />

will also win 50,000 ePoints.<br />

BHPetrol's FFII May winner - Joyce Wu family<br />

A patient sitting in a new dialysis chair<br />

sponsored by <strong>Boustead</strong><br />

<strong>Boustead</strong> sponsors 20 schools for<br />

The Star-NiE programme<br />

To aid the teaching of English, Science<br />

and Mathematics in the classrooms,<br />

<strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong> recently<br />

sponsored 25,000 copies of The Star<br />

newspapers for distribution to 20 schools<br />

in various locations around Peninsular<br />

Malaysia under The Star Newspaper-in-<br />

Education (NiE) corporate sponsorship<br />

programme.<br />

The schools benefiting from this<br />

sponsorship include the three <strong>Boustead</strong><br />

adopted schools under the PINTAR<br />

the Curve<br />

Fashion<br />

Week:<br />

Revolution<br />

in Progress<br />

<strong>Boustead</strong> donates dialysis chairs<br />

to National Kidney Foundation<br />

As part of the company’s<br />

social responsibility towards<br />

the general public, <strong>Boustead</strong><br />

<strong>Holdings</strong> <strong>Berhad</strong> recently contributed<br />

RM2,400.00 to the National Kidney<br />

Foundation of Malaysia (NKF) for the<br />

purchase of three dialysis chairs that<br />

will be used by dialysis patients at the<br />

NKF Dialysis Centre in Petaling Jaya.<br />

programme in Kedah and Perak and 17<br />

primary and secondary schools, some<br />

of which are located in Kuala Lumpur,<br />

Penang, Melaka and Johor.<br />

Costing RM20,000.00, this sponsorship will<br />

enable the schools to receive a total of 35<br />

issues of the NiE supplements distributed<br />

every Monday and Wednesday from May<br />

until October this year.<br />

This marks the second time <strong>Boustead</strong> is<br />

sponsoring this programme.<br />

This year, industrial elements and other<br />

paraphernalia were included in the<br />

transformation of the Curve's Centre<br />

Court to embody the theme 'Revolution in<br />

Progress' Fashion Week from 5 - 8 May.<br />

Fashion Week kicked off with the Gala Night on<br />

the evening of 5 May <strong>2011</strong>, hosted by bubbly<br />

VJ Natalie Kniese, along with a few celebrity<br />

models gracing the runway. A total of 19<br />

brands were featured during the weekend.<br />

Some of these dialysis patients spend<br />

three to four hours, three times a<br />

week at the centre receiving dialysis<br />

treatment and these new chairs will<br />

help make them more comfortable<br />

during treatment. On top of that,<br />

these additional chairs will shorten<br />

the queue for patients who urgently<br />

require dialysis.<br />

In conjunction with this event, the Curve once<br />

again gave one shopper the opportunity of a<br />

lifetime to drive home a brand new Hyundai<br />

Sonata 2.0L worth a whopping RM143,888.00<br />

in 'Drive the Hyundai Home' contest. As an<br />

additional incentive for shoppers during<br />

Fashion Week, the Curve also featured the<br />

sneak previews of Dreamgirls: The Broadway<br />

Musical Sensation.


Published by: <strong>Boustead</strong> <strong>Holdings</strong> <strong>Berhad</strong> (3871-H)<br />

Printed by: Pencetak Weng Fatt Sdn Bhd (19847-W)<br />

1<br />

Kejohanan Futsal KSB ’Soccerstar’ <strong>2011</strong><br />

Pada 14 Mei <strong>2011</strong>, Kelab Sukan <strong>Boustead</strong> (KSB) telah<br />

menganjurkan Kejohanan Futsal KSB ’Soccerstar’ <strong>2011</strong><br />

bertempat di Samba Futsal, Segambut. Kejohanan<br />

yang bermula pada pukul 8.00 pagi dan berakhir pada pukul<br />

3.00 petang itu telah disertai oleh seramai 144 ahli lelaki<br />

dan 35 ahli wanita yang mewakili 18 pasukan lelaki dan lima<br />

pasukan wanita.<br />

Berikut adalah senarai nama para pemenang pertandingan:<br />

Pemenang Kategori Lelaki<br />

Juara<br />

Pasukan Curve 1<br />

(Wang tunai RM300.00<br />

berserta piala iringan)<br />

Naib Juara<br />

Pasukan Curve 3<br />

(Wang tunai RM225.00<br />

berserta piala iringan)<br />

Pemenang Kategori Wanita<br />

Juara<br />

<strong>Boustead</strong> Shipping<br />

(Wang tunai RM150.00<br />

berserta piala iringan)<br />

Naib Juara<br />

BHIC B<br />

(Wang tunai RM125.00<br />

berserta piala iringan)<br />

Hadiah-hadiah telah<br />

disampaikan oleh Y.Bhg.<br />

Laksamana Madya Tan Sri<br />

Dato’ Seri Ahmad Ramli<br />

Hj. Mohd Nor (B), Pengarah<br />

Urusan <strong>Boustead</strong> Heavy<br />

Industries Corporation<br />

<strong>Berhad</strong>.<br />

Tempat Ketiga<br />

BHIC A<br />

(Wang tunai RM150.00<br />

berserta piala iringan)<br />

Tempat Keempat<br />

Otai FC<br />

(Wang tunai RM100.00 )<br />

Tempat Ketiga<br />

e@Curve<br />

(Wang tunai RM100.00<br />

berserta piala iringan)Pasukan yang menjuarai kategori wanita<br />

"Kejar jangan tak kejar!"<br />

Pertandingan futsal bagi kategori wanita sedang berlangsung<br />

Gambar peserta Kejohanan Futsal KSB <strong>'Soccerstar'</strong> <strong>2011</strong><br />

Pasukan yang menjadi johan, naib johan dan tempat ketiga<br />

kategori lelaki bergambar bersama Tan Sri Ramli<br />

menerima hadiah daripada Tan Sri Ramli<br />

Antara aksi pertemuan dua pasukan yang bertanding

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