PM to deliver keynote address at CEO Forum on Industry 4.0

Source: The Edge Markets


KUALA LUMPUR (March 25): Prime Minister Tun Dr Mahathir Mohamad will deliver a keynote address at the Perdana Leadership Foundation Chief Executive Officer (CEO) Forum 2019 themed “Accelerating the Fourth Industrial Revolution (4IR) in Malaysia” on April 4.

In a statement today, the foundation said the forum, which would gather over 30 business leaders, government officials and industry experts, will discuss the 4IR impact on Malaysia's business and economy as well as how local businesses could best accelerate their adoption of 4IR technologies.

The forum at Berjaya Times Square Hotel, Kuala Lumpur, will have nine plenary and concurrent sessions covering topics from the capital market to automation.

The foundation's executive director, Tan Sri Nik Mohamed Nik Yaacob, said although there was much talk about the 4IR, many business leaders only had a vague notion of what it was.

"Our intention with this year’s forum is to define the 4IR in the Malaysian context and explore the opportunities as well as impact of this wave of change. The CEOs, government representatives, and analysts that we have gathered will share their real-world experience, lessons, and ideas so that businesses in Malaysia can navigate this new landscape successfully," he said.


The forum fee is RM950 with discounts for government employees and groups. Further information can be found at

GLCs should be answerable to Dewan Rakyat

Source: The Malaysian Reserve

GOVERNMENT-LINKED companies (GLCs) should be answerable to the Dewan Rakyat and be accountable for all the corporate directions and strategies, as part of the current administration campaign for total transparency in administrations and operations.

Former Khazanah Nasional Bhd MD Tan Sri Mohd Sheriff Mohd Kassim said the select committees that are currently being formed at the Parliament should have the jurisdiction to monitor the GLCs and their operations.


“This is something that the US is doing in Congress. Even the chairman of the US Federal Reserve has to appear before the Congress two or three times a year and address any query on the conduct of banking operations.


“As chairman of PLUS (Malaysia Bhd), I don’t mind being called up to the parliamentary select committee to explain what PLUS does, and what its objectives are. I think we should have that kind of transparency,” he told the audience during a session at the Perdana Leadership Foundation CEO Forum 2019 in Kuala Lumpur yesterday.

Mohd Sheriff said GLCs need good leadership at the board level, supported by professional management teams at the executive level.

In December 2018, the Dewan Rakyat was informed of the establishment of six new select committees, which would see a reshuffle in the existing committees and the establishment of the Caucus on Reforms and Governance.

Speaker Datuk Mohamad Ariff Md Yusof said the six new select committees were for the consideration of bills; budget; defence and home affairs; rights and gender equality; states and federal relations and major public appointments.


Mohd Sheriff, however, declined to comment on whether the government intends to inject funds into PLUS in a move to abolish tolls at all its expressways.


He added that many issues need to be considered before the abolishment of tolls — including those along the highways owned by PLUS — could materialise.


Last month, the government said an independent consultant has been appointed to conduct a study on tolled roads. People familiar with the matter said Ernst & Young Malaysia (E&Y) has been appointed to conduct the study.

PLUS holds a total of five concessions — Projek Lebuhraya Utara-Selatan Bhd, Expressway Lingkaran Tengah Sdn Bhd, Linkedua (M) Bhd, Konsortium Lebuhraya Butterworth-Kulim Sdn Bhd and Penang Bridge Sdn Bhd. All of PLUS’ concessions end in December 2038.