ISKANDAR MALAYSIA IRDA ANNUAL REPORT 2008

D i s c l a i m e r :This report was prepared pursuant to Section 17 of IRDA Act 2007 and is an account of works and activities done by IRDA. Neither IRDA nor any of its employees

make any warranties, expressed or implied, or assume any legal liability for the accuracy, completeness or usefulness of any information or process disclosed or

represents that its use would not infringe privately owned rights. Reference herein to any specific commercial trade name, trademark, manufacturer or otherwise

does not necessarily constitute or imply its endorsement, recommendation or favouring by IRDA. The views and opinions expressed by authors herein do not

necessarily state or reflect those of Malaysian Government or the State Government of Johor or any agencies thereof.

ISKANDAR REGIONAL DEVELOPMENT AUTHORITYAnnual Report 2008

Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority • Iskandar Regional Development Authority •

Possibilities of tomorrow.

Iskandar Malaysia’s vision is to be a strong and sustainable metropolis of international standing. As a beacon of vigorous growth, Iskandar Regional Development Authority (IRDA) stimulates activities that further enhances Iskandar Malaysia’s global potential.

The Report’s Theme:‘Potentials of Today, Possibilities of Tomorrow’

Through meticulous planning and development, through stringent quality and excellence – the potentials of today bring about the very best of possibilities for tomorrow. The theme represents how Iskandar Regional Development Authority (IRDA) creates opportunities for today and will shape the dynamic future of the region.

Cover Rationale:The origins of the word Johor came from the Arabic word “Jauhar”, which means “precious jewel”. The cover of this annual report adopts this theme to illustrate the potential of Iskandar Malaysia to serve as a shining example of a model economic region – a dynamic yet sustainable metropolis of the future. This is Iskandar Malaysia.


Potentials of today.

An Idea.Today.

A Landmark.Tomorrow.

The Region.Today.

The World.Tomorrow.

Potentials.Today. Leaders.

Tomorrow.

City. Today. Metropolis. Tomorrow.

In realising the skyline of tomorrow,

Iskandar Regional Development Authority builds

on the past to inspire the future.

Iskandar Malaysia -

a signature of emerging excellence.

Ideas to shape the future

A destiny towards global excellence

An accelerated fulfillment of potentials

Contents Iskandar Malaysia& IRDA

Co-Chairmen &CEO Statements

Members ofthe Authority& Committees

IRDA’sOrganisation

Achievements& Events

Financial Report

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26

32

46

60

88

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AboutIskandarMalaysia

The Five FlagshipZones

TheEconomicClusters

IskandarRegionalDevelopmentAuthority

IRDA’s Vision& Mission

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20

21

22

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Iskandar Malaysia& IRDA

18 19Iskandar Malaysia & IRDAAbout Iskandar Malaysia

Located at the southernmost tip of Peninsular Malaysia, Iskandar Malaysia (within the state of Johor) is strategically positioned on the world’s busiest shipping routes, and its rich endowment of natural and human resources has both underpinned Johor’s past successes and underscores Johor’s future potential. Johor’s relative prosperity has been anchored by a celebrated history of uninterrupted and mutually reinforcing combination of political stability and continuity, a progressive and deeply revered Sultanate, as well as the social and cultural cohesion among its multi-ethnic population that has been a constant source of strength, innovation and renewal.

Malaysia’s world class national connectivity infrastructure allows easy access to the domestic economy, opportunities and resources within the country. Being at the heart of the Asian region and at the cross-roads of the East-West trade routes creates lucrative opportunities from growing economies such as Indonesia, China and India. Also with its proximity to an international hub and the large economy of Singapore, and having two road connections and railway links provides seamless accessibility to its market. Iskandar Malaysia’s global reach is also supported by an international airport and two world-class ports.

Covering an area of 2,217 square kilometres, approximately three times the size of Singapore, Iskandar Malaysia offers significant supply of land which is priced competitively. The region has ready infrastructure such as power utilities, transportation networks and services, and broad based telecommunications. The economy is well diversified with successful clusters emerging around the electronics, logistics, food and agriculture, tourism and oil and petrochemical industries. Iskandar Malaysia is populated with a multi-lingual (including English) and educated workforce, providing skilled people ranging from the services, technical to the professional sectors. Investors and business operators venturing into Iskandar Malaysia are able to take advantage of the competitive cost structures of doing business here.

Being an initiative of Malaysian Federal Government, along with the Johor State Government, Iskandar Malaysia’s vision to be a strong and sustainable metropolis of international standing has the continued commitment, support and sponsorship of the Governments of this country and state.

ABOUT ISKANDAR MALAYSIA

20 21Iskandar Malaysia & IRDAThe Five Flagship Zones

Iskandar Malaysia & IRDAThe Economic Clusters

THE ECONOMIC CLUSTERSTHE FIVE FLAGSHIP ZONESThe development of Iskandar Malaysia has been strategically planned starting with five flagship zones.

FLAGSHIP AJohoR BAhRu CITy CENTRE• CentralBusinessDistrict(CBD) as heritage and cultural city• Customs,Immigrationand Quarantine Complex (CIQ)• Johor–SingaporeCauseway

FLAGSHIP DEASTERN GATE DEvELoPMENT• TanjungLangsatIndustrialComplex• JohorPort• TanjungLangsatPort• PasirGudangIndustrialPark

FLAGSHIP ESENAI-SkuDAI• SenaiAirportCity• SenaiHigh-TechPark• SedenakIndustrialPark•MSCCyberportCity• JohorTechnologyPark•UniversityTechnology Malaysia (uTM)

FLAGSHIP BNuSAJAyA• KotaIskandar• EduCity• MedicalPark• InternationalDestinationResort• SouthernIndustrial&Logistics Clusters (SiLC)• PuteriHarbour

FLAGSHIP CWESTERN GATE DEvELoPMENT• PortofTanjungPelepas(PTP)• TanjungBinPowerPlant• 2ndLinkAccesstoSingapore• RAMSARWorldHeritagePark• TanjungPiai–SouthernmostTipof Mainland Asia• MaritimeCentre

EASTERN GATE DEVELOPMENT

jOHOR BAHRUCITY CENTRE

SENAI-SKUDAI

NUSAjAYA

WESTERN GATEDEVELOPMENT

SECOND LINKACCESS TOSINGAPORE

CAUSEWAY

SINGAPORE

key landmarks and developments within each flagship zone are as follows:

Iskandar Malaysia has been designated by the Malaysian Government to be a prime hub for nine economic clusters which will be given special focus and offer excellent investment opportunities. These include:

SERVICES• FinancialAdvisory&Consulting • CreativeIndustries• Logistics • Tourism• Education • Healthcare

MANUFACTURING• Electrical&Electronics• Petrochemical&Oleochemical• Food&AgroProcessing

THE ASPIRATIONS

2005 2025(Projected)

Population Size (million) 1.4 3.0

GDP (PPP) in uSD (billion) 20.0 93.3

GDP per capita (PPP) in uSD 14,790 31,100

Employment (million) 0.61 1.27

Source: Comprehensive Development Plan 2006–2025 and updated as per IRDA’s latest projections

The attainment of the above-stated targets is possible only through an Iskandar Malaysia GDP growth of 8.0% annually until 2025. In turn, this would require a total investment of RM382.0 billion for the entire 20-year period. The investment targets are divided as follows:

2005 2005(Projected)

year Total Investment Target

2006-2010 RM47.0 billion

2011-2015 RM73.0 billion

2016-2020 RM107.0 billion

2021-2025 RM155.0 billion

Source: Comprehensive Development Plan 2006–2025

As at 31 December 2008, Iskandar Malaysia has received in aggregate, domestic and foreign direct investments of RM41.8 billion (uSD12.0 billion) or 88.8% of the target investment of RM47.0 billion (uSD13.6 billion) by 2010, signaling that Iskandar Malaysia is well on track to achieve its five-year target.

Comprehensive Development Plan 2006–2025 outlines in detail the vision and development blueprint for Iskandar Malaysia and is available on www.iskandarmalaysia.com.my.

* Exchange rate of USD1: RM3.46 has been used throughout the report (Source: Bank Negara Malaysia’s published rate on 31 December 2008)

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22 23Iskandar Malaysia & IRDAIskandar Regional Development Authority

ISKANDAR REGIONALDEVELOPMENT AUTHORITY

The Iskandar Regional Development Authority (IRDA) is a Malaysian Federal Governmentstatutorybodytaskedwiththeobjectiveof regulatinganddrivingvarious stakeholders in both public and private sector towards realising the vision of developing Iskandar Malaysia into a strong and sustainable metropolis of international standing.

IRDA’sstatutorypowersandfunctionsaredesignedtoachievetheaboveobjectiveand include the following core functions in summary: -

PLANNING• To integrate and recommendplanning policies and strategiesof the Federal Government, State Government of Johor and local authorities relevant to enhance Iskandar Malaysia’s well being.

• Toidentifyanddevelopstrategiestoenhanceinfrastructure,skills,scienceand technology research in the development of Iskandar Malaysia.

PROMOTION• Toundertakebroad-basedpromotionofIskandarMalaysiatothegeneralpublic and potential investors; both local and overseas.

• Todrive,coordinateandmonitordevelopmentofeconomicsectors,required enablers and social infrastructure.

FACILITATION• ToprovideconsultationandinformationoninvestinginIskandarMalaysia.

• Toactastheprincipalcoordinatingagentonbehalfof relevantGovernment agencies in the relation to receiving, processing and expediting the requisite approvals for investors in Iskandar Malaysia.

• Toassistexistinginvestors intheresolutionof issuesaffectingtheirbusiness environment.

Iskandar Malaysia & IRDAIRDA’s Vision & Mission

To create Iskandar Malaysia as the firstchoice to invest, work, live and play

isionV• WeAreCommittedtoExceedingOur Customers’ Expectations

• WeAdvocateBestPracticesThroughPartnerships &SeamlessDelivery

• WeEnhanceCommunityandIndividual’sWellBeing

• WeCareAboutOurNaturalEnvironment

• WeValueOurEmployees

issionM

• WeDeliverResultsThroughLeadership and Teamwork

• WeGoTheExtraMilewithaCan-DoAttitude

• WeNurtureandValueOurPeople&Acknowledge Contribution

• WeStriveForContinuousImprovement Through Innovation

• WeUpholdIntegrity

ore ValuesC

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Co-Chairmen’sStatements

CEO’sStatement

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Co-Chairmen’s& CEO’s Statements

Co-Chairmen’s StatementsPrime Minister of Malaysia

26 27

I’m pleased to report the excellent progress for Iskandar Malaysia in 2008 towards its goal of attracting investment and accelerating development within the region. It is especially encouraging to note that Iskandar Malaysia’s investment proposition continues to be real and sustainably strong. In 2008, an additional RM16.0 billion investment commitment has been secured into Iskandar Malaysia from both private investors and the Government. And as of 31 December 2008, investment commitments from both national and international investors reached a cumulative total of RM41.8 billion equivalent to 88.8% of its 2006-2010 target of RM47.0 billion.

With this assurance in hand, and with the support from local business and the community, Iskandar Malaysia is poised to meet its vision as a strong and sustainable metropolis of international standing by the year 2025.

The current global economic downturn has posed huge challenges and pressure on many countries to sustain marketplace productivity and to remain competitive. Nevertheless, Malaysia was able to record a strong GDP growth of 4.6% through various Government led fiscal and non-fiscal measures, and private sector confidence. Additionally, Malaysia’s financial system fundamentals have proven to be resilient in weathering the impact to the commercial segment and social environments of our Nation. The Government would continue to be proactive in ensuring the country’s economy moves in a positive direction.

With this confidence, we have seen significant Iskandar Malaysia ventures in 2008 including RM750 million to establish the world renowned LegoLand theme park, setting up of a medical campus by the prestigious UniversityofNewcastle(UK)andAcerinox&NisshinSteel investing RM5.9 billion for a large scale steel manufacturing plant. These and many other privately led investments provide stimulus to the region and creates further opportunities for investors and the community at large.

To strengthen Iskandar Malaysia’s international standing, the Federal Government has made an initial commitment of RM6.8 billion for extensive infrastructural works under the Ninth Malaysia Plan (9MP). In 2008, many of these projects havecommenced in particular roads and highways to improve connectivity and safety, drainage and sewage enhancements, and river cleaning to protect the eco-environment. IRDA and the related Government agencies are spearheading these initiatives not only to ensure rapid completion but to ensure that international standards are achieved and made sustainable.

One area I am personally passionate to improve and sustain is the social well-being of the community in terms of life-style improvements and skills development.

IRDA and relevant Government agencies have commenced activities in developing public housing initiatives based on world’s best practices, providing skills development opportunities for local contractors and business as well as graduates from local universities, and long-term action plans to enhance the entire workforce capabilities. All of these activities are aimed for the community to have full opportunity to participate and take advantage of Iskandar Malaysia’s benefits, and make Iskandar Malaysia more attractive to investors.

Let me close by expressing my highest appreciation to myCo-Chairman,YABDato’HajiAbdulGhaniOthman,Chief Minister of the state of Johor Darul Takzim. My gratitude must also be recorded to all the Authority Members, CEo, Management and Staff of the IRDA for their collaboration and support during the last year. I am optimistic that the relentless efforts of every single member of IRDA, Federal, State and Local Governments and the continuous support from investors and the community will bring Iskandar Malaysia to the pinnacle of its success.

I am pleased to present the Iskandar Regional Development Authority’s Annual Report for the year ending 31 December 2008 together with my fellow Co-Chairman,YABDato’HajiAbdulGhaniOthman.

Dato’ Seri Abdullah Haji Ahmad BadawiCo-Chairman, IRDAPrime Minister of MalaysiaPerdana Putra, Putrajaya

The past year has seen the development of Iskandar Malaysia continue at a vigorous rate. Even though the current economic crisis poses formidable challenges for all, it is encouraging that Iskandar Malaysia continues to attract investments way above that planned. I truly believe a primary success factor for Iskandar Malaysia is due to IRDA’s efforts to create seamless collaboration and innovation amongst stakeholders, them being the Investors, the Federal, State and Local Governments, local businesses and contractors and the local community.

I am determined to continue fostering this environment to ensure Iskandar Malaysia remains an engine of growth with benefits to the johor people, our fellow Malaysians and to those who we welcome to venture into the region.

Johor has had a long history of relative prosperity largely due to its strategic location, cohesive social environment and willingness to venture. And this has seen Johor continuously re-invent itself to meet the needs and demands for it to remain relevant in the Asian region and globally. Iskandar Malaysia is essentially about taking advantage of this foundation, with competitive priced land, established industrial base, able local workforce and connectivity to the region and the world. And to be relevant, IRDA and other Government agencies are focused on creating the physical, business and social setting that would be regarded as international standard. That means Iskandar Malaysia becomes a destination of “first choice to invest, live, work and play”, which is IRDA’s vision.

To that extent and for 2008, IRDA has been successful in progressing several crucial initiatives. Foremost is in the promotion effort, in conjunction withdevelopment partners, which showcased Iskandar Malaysia’s attributes and features to the world. This has generated a further RM16.0 billion in investments in 2008 and we have seen an increase

in study visits to Iskandar Malaysia from investors locally and from abroad. Public infrastructure works have commenced with an initial investment of RM6.8 billion from the Federal Government to improve road and highways, drainage and sewage and the environment that surrounds our rivers. Public housing programmes, which are a key priority for Iskandar Malaysia, will provide affordable housing in amenities that meet international standards.

The Iskandar Service Centre (ISC), Iskandar Malaysia’s one-stop license, permits and incentives processing centre, has supported the submission and processing requirements which has been valued by investors and developers. The ISC, and with relentless support from other agencies, has been able to complete the approval process within expected target times.

IRDA, in collaboration with other Government agencies, has also completed several development blueprints which have been modelled to bring world’s best practices to Iskandar Malaysia.

one of which is the Safety and Security Framework which identifies initiatives that will address the root-cause areas that need to be enhanced further, and implementation will commence early 2009.

WhatIhavementionedisjustaflavourofthemanytypes of activities being implemented towards the betterment of Iskandar Malaysia. As Chief Minister of Johor and Co-Chairman of IRDA, I am pleased by the momentum that has been established and excited as I see the future prospects will benefit all in Johor.

I have the honour of thanking Dato’ Seri Abdullah HajiAhmadBadawi,PrimeMinisterofMalaysiaandCo-Chairman of IRDA, for his dedicated support for Iskandar Malaysia. Thanks also to the Members of the Advisory Council, as well as the Executive and Audit Committees. Finally, I also want to thank the Authority’s CEO, Dato’ Ikmal Hijaz Hashim, aswell as the Management and Staff of IRDA for their achievements over the past year.

Dato’ Haji Abdul Ghani OthmanCo-Chairman, IRDA,Chief Minister of johor

Co-Chairmen’s StatementsChief Minister of Johor

DATO’ SERI ABDULLAH HAjI AHMAD BADAWI DATO’ HAjI ABDUL GHANI OTHMAN

28 29

Based on IRDA’s Business Plan for 2008, the corporate kPI’s emphasized focus on:

• AttractingInvestment• LaunchingSocialProgrammes• ServingtheCustomers• PromotingtheIskandarMalaysiaBrand• DefiningStandardsofInternationalStanding• CommencingInfrastructureProjects• FosteringAHigherPerformingIRDAteam

Looking forward with compelling confidence

I believe that IRDA has matured into a productive service delivery agency having synergistic and seamless relationships with other Government agencies to provide clients and stakeholders with superior services. We also have partnered with several established developers and investors to successfully promote Iskandar Malaysia’s unique offering to the world. And we are focused to ensure an environment equal to international standards conducive to conduct business and to live.

To that extent I have confidence, which is backed by the investment commitments to date and the continued support from Government that the Iskandar Malaysia journeyiswellonitsway.Wehaveseenmuchheadwayin a short span of time, however, there are still many opportunities to be exploited. Therefore moving into the next phase of Iskandar Malaysia is to strengthen its advantages and grow in terms of greater innovation and diversity.

As we move past another year, I would like to say how honored I am to have served Iskandar Malaysia and for 2008 I am pleased that IRDA turned in a strong performance in a challenging economic environment. We responded to the challenges by relentlessly focusing on clients and stakeholder needs, on the priorities for Iskandar Malaysia development and operating IRDA with discipline. Instrumental to Iskandar Malaysia’s progress has been the collaboration between Federal, State and Local Government agencies to help our clients who have ventured into the region achieve and develop their opportunities with ease. This past year we continued to strive towards our common vision of making Iskandar Malaysia into a strong and sustainable metropolis of international standing by the year 2025.

The key objective is to continue enhancing this region into a vibrant and sustainable economy with an attractive social environment for the community to enjoy for generations to come.

In summary, the highlights for the year have included:

• Our promotional activities, including expositions with our partner investors and developers and with key Government agencies (such as MIDA), have generated much interest and awareness locally and globally. As a result, IRDA hosted more than 140 site visits from potential investors.

• Tothatextent,bytheyearend, IskandarMalaysia secured investment commitments totalling RM41.8 billion, equivalent to 88.8% of its 2006-2010 target of RM47.0 billion, indeed a great achievement for the region.

• Centraltoourpromotionalactivitywasthelaunchof the Iskandar Malaysia brand early in the year. The brand allowed us to create a distinct identity through the promotional messages associating

Iskandar Malaysia as the first choice to invest, live, work and play. We, at IRDA, continue to live the brand in every activity we do, with the aim that our community and stakeholders will embrace the Iskandar Malaysia vision with us. We take assurance from the independent brand audit that Iskandar Malaysia’s brand recognition is growing strong and our promotion investment is reaching the intended target groups.

• Tobeametropolisofinternationalstandingrequires a certain expected standard in physical and social infrastructure, not only to attract people and investors into the region but more importantly enhancing the social standard of living of the community. IRDA is working with related Government agencies to define and ensure that the developments, eco-environment and services infrastructures within Iskandar Malaysia provide the community with best practices of international standing. Priority best practice blueprints have been completed in 2008 and implementation has commenced on the Safety and Security Framework, Public housing Standards and Mixed use Development.

• The ISC (Iskandar Service Centre) is certainly a vital cog for Iskandar Malaysia, and has achieved success in supporting strategic clients in fast- tracking development and incentive approvals. I envisage the ISC and call-centre to evolve further and with collaboration from relevant agencies, to become a best practice capability with respect to Government service delivery.

• We must not forget and give due recognition for the enabling functions of IRDA such as hR, ICT and Finance, that provide the back-bone role in ensuring our business runs like clock-work.

• TheIRDAfamilyincreasedby49.3%from69strong to 103 and I am glad to note that our level of teamwork and engagement are above industry standards as reflected in our recently concluded employee engagement survey. This survey indicated that the IRDA staff were focused and motivated with a high employee engagement level of 78.0% compared to the national norm of 76.0%.

I believe IRDA’s performance was largely driven by instituting the Balance Score Card (BSC) framework which identified key performance indicators (kPI) for business activity.

CEO’s StatementChief Executive Officer of IRDA

CEO’s StatementChief Executive Officer of IRDA

IRDA’svisionremainsclear–tocreateIskandarMalaysia as the first choice to invest, live, work and play.

And for 2009 and beyond, IRDA will be focused on driving Iskandar Malaysia’s development and helping the investors, businesses and the community take advantage of the opportunities.

IRDA would need to engage and work closely with all the stakeholders to ensure all promises are delivered. For me this would mean the IRDA team must be responsive to stakeholder needs andpossessthecapabilitiestodeliverresults–IRDA will continue evolving to sustain such an organisation.

In conclusion, I would like to recognise the relentless effort of the IRDA management and staff who have demonstrated resilience andpersistence in getting the jobdone. I alsopersonally express my deepest gratitude for IRDA’s co-chairmen who have provided IRDA with foresight and wisdom. IRDA’s success to date has only been possible with the collaboration from Federal, State and Local Governments who have given Iskandar Malaysia their focus and higher priority.

Dato’ Ikmal Hijaz HashimChief Executive Officer, IRDA

DATO’ IKMAL HIjAZ HASHIM

kPICategory kPI

Financial 1. New Investment Generation2. value of Investments in the Pipeline

1. Effectiveness of Branding2. Customer Satisfaction Survey

1. Employee Satisfaction Index2. Corporate Competency Index

1. Social Programme Implementation2. 9MP Infrastructure Implementation

1. Iskandar Malaysia Investment Plan and Strategy2. Iskandar Malaysia Planning Blueprints3. Service Delivery Business Transformation4. Iskandar Service Centre Readiness

Customer

Process

People

Community

30 31

Members ofthe Authority

Advisory Council

IRDA’sCommittees

32

37

40

Membersof the Authority & Committees

32 33Members of the Authority and CommitteesMember’s Profile

The Iskandar Regional Development Authoritywas established by an Act of Parliament, Iskandar Regional Development Authority Act 2007. Section 4 of the Act states that the objectiveofIRDAis“todevelopthe Iskandar Development Region into a strong and sustainable metropolis of international standing”.

As stipulated by Part II of the IRDA Act 2007, IRDA is governed by a board officially known as the Authority. The primary responsibility of the Authority includes but is not limited to the setting of strategies, directions and policies relating to the development within IRDA and other functions in connection therewith.

The Authority is co-chaired by the Prime Minister of Malaysia and the Chief Minister of the State of Johor. The other six members of the authority comprise of two representatives each from the federal government, state government and private sector. The Members are to hold office for a term not exceeding two years and are eligible for reappointment for a maximum period of three consecutive terms.

The Authority is assisted by an Executive Committee (EXCo) which consists of five Members appointed by the Authority. The day-to-day administration of IRDA is entrusted to the Chief Executive officer. The Authority met twice, in May and December in the year under review, 2008. There are eight members in total.

The Co-Chairmen, Members and Secretary of the Authority are:

The Co-Chairmen• Dato’SeriAbdullahHajiAhmadBadawi Prime Minister of Malaysia• Dato’HajiAbdulGhaniOthman Chief Minister of the State of Johor, Malaysia

Two Representatives from Federal Government• TanSriDr.WanAbdulAzizWanAbdullah Secretary-General, Treasury, Ministry of Finance• TanSriDr.SulaimanMahbob Director-General, Economic Planning unit, Prime Minister’s Department

Two Representatives from johor State Government• Dato’AbdulLatiffYusof State Secretary, State Government, Johor• Dato’HamsanSaringat Director, State Economic Planning unit (uPEN), Johor

Two Professional Representatives• TanSriDato’AzmanMokhtar Managing Director, khazanah Nasional Berhad• TanSriDato’TanKayHock Chairman and Chief Executive, Johan holdings Berhad

Secretary• Dato’IkmalHijazHashim Chief Executive officer, IRDA

OBJECTIVESOF THE AUTHORITY

MEMBERS OF THE AUTHORITY

Members of the Authority and CommitteesMember’s Profile

DATO’ SERI ABDULLAH HAjI AHMAD BADAWIDato’ Seri Abdullah Haji Ahmad Badawi is the Prime Ministerof Malaysia, Minister of Finance (2004 - September 2008) and Minister of Defence (September 2008 - March 2009). Prior to the premiership, Dato’ Seri Abdullah was the Deputy Prime Minister and Minister of home Affairs since 1999. Dato’ Seri Abdullah held several senior cabinet ministerial posts, namely Minister of Education (1984-1986), Minister of Defence (1986-1987) and Minister of Foreign Affairs (1991-1999).

Dato’ Seri Abdullah Haji Ahmad Badawi pursued his tertiaryeducation at university Malaya where he graduated with B.A. (hons) in Islamic Studies in 1964.

TAN SRI DR. WAN ABDUL AZIZ WAN ABDULLAHTan Sri Dr. Wan Abdul Aziz is the Secretary-General, Treasury, Ministry of Finance, a post he assumed in February, 2007. he served various divisions in the Prime Minister’s Department and Ministry of Finance since 1975. he was appointed the alternate Executive Director, World Bank Group, Washington DC, uSA (on secondment from the Government of Malaysia) representing Brunei Darussalam, Fiji, Indonesia, Laos PDR, Malaysia, Nepal, Singapore, Thailand,Tonga and vietnam.

he is currently on the board of various organisations such as Federal Land Development Authority (FELDA), the Retirement Trust Fund (kWAP), MISC Berhad, Inland Revenue Board, Malaysia Airlines System Berhad and Petroliam Nasional Berhad, to name a few.

Tan Sri Dr. Wan Abdul Aziz graduated with a B.Economics (hons), Applied Economics, university Malaya, pursued his Master in Philosophy (Development Studies), university of Sussex, united kingdom and later his Ph.D (Business Economics) from university of Leeds, united kingdom.

DATO’ HAjI ABDUL GHANI OTHMANDato’HajiAbdulGhani istheChiefMinisteroftheStateofJohor,apositionthathehasheldforthreeterms,since1995.Dato’HajiAbdul Ghani was previously the Minister of youth and Sports at the Federal Government-level (1993-1995). Prior to that, he was the Deputy Minister of Finance (1990-1993) and Deputy Minister of Energy, Telecommunications and Post (1987-1990).

Dato’HajiAbdulGhaniwasaColomboPlanscholarandgraduatedwith an honours Degree in Economics from La Trobe university, Melbourne, Australia and a Master’s Degree in Political Economy from the university of Queensland, Brisbane, Australia. he was conferred an honorary Doctorate of Laws by La Trobe university in 1998.


Members of the Authority and CommitteesMember’s Profile

TAN SRI DR. SULAIMAN MAHBOBTan Sri Dr. Sulaiman has been the Director-General of Economic

Planning unit (EPu) of the Prime Minister’s Department since

December, 2006. Prior to this, Tan Sri Dr. Sulaiman was the Executive

Director of National Implementation Directorate from April 2006,

which was given the task of monitoring the implementation of the

Ninth Malaysia Plan. In July, 2004, he was made the first president of

the Malaysian Institute of Integrity (IIM), an agency promoting good

governance, ethics and a culture of zero corruption. he was awarded

the Tun Dzaiddin Ethics Award in May, 2006.

Tan Sri Dr. Sulaiman holds an honours Degree in Economics from

university Malaya in 1971, M.Sc. Degree in Agricultural Economics

from Wye College, university of London, united kingdom, in 1977 and

Ph.D from Syracuse university, uSA, in 1986. he attended a course on

World Currency Reform at harvard university, uSA in 1999.

DATO’ HAMSAN SARINGATDato’ hamsan has been the Director of Economic Planning

unit, State of Johor since 2006. Prior to this appointment,

he was the District Officer for Pontian (2005–2006) and

Batu Pahat (February – December 2006). Dato’ Hamsan

also served as the Deputy Financial officer of Johor (January

–December2004).Dato’Hamsanbeganhis service inthe

Johor Civil Service in 1976 and has been serving the Johor

State Government for 30 years.

Dato’ hamsan holds a Bachelor of Economics Degree with

honours from university of Malaya.

DATO’ ABDUL LATIFF YUSOFDato’ Abdul Latiff has been the State Secretary of Johor since october,

2006. Prior to his appointment as State Secretary, he was the Mayor

of Johor Bahru. he also held various positions including District officer

for the districts of Mersing, kluang and Muar, respectively. he also

served as Secretary of the Johor City Council. In the year 2000, Dato’

Abdul Latiff was appointed Chairman (yang Dipertua) of Batu Pahat

Town Council. he has previously served as Private Secretary to the

Chief Minister of Johor.

Dato’ Abdul Latiff holds a Bachelor of Arts Degree from university

of Malaya.

TAN SRI DATO’ AZMAN MOKHTARTan Sri Dato’ Azman is the Managing Director of khazanah Nasional Berhad (khazanah), the strategic investment arm of the Government of Malaysia. Prior to his appointment in June, 2004, he was Managing Director and co-founder of BinaFikir Sdn Bhd, a financial consultancy; Director, head of Country Research, Salomon Smith Barney Malaysia and Director, head of Research, union Bank of Switzerland, Malaysia. Before that, he held various positions in Tenaga Nasional Berhad (TNB, formerly known as National Electricity Board, LLN).

Tan Sri Dato’ Azman is the Chairman of Iskandar Investment Berhad, Axiata Group Berhad (formerly known as TM International Berhad), valuecap Sdn Bhd and holds various board memberships including uEM Berhad. he serves on various public service bodies including the Advisory Board for Cluster of Excellence Schools, the Board of Governors of the Malay College, kuala kangsar, the Malaysian Directors Academy, yayasan khazanah and the Executive Committee of Malaysia International Islamic Financial Centre (MIFC). he is also a member of the kuala Lumpur Business Club, the Asia Business Council and the INSEAD East Asia Council.

he obtained his M.Philosophy in Development Studies from Darwin College, Cambridge university, united kingdom. he is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a Chartered Financial Analyst (CFA). he also holds a post-graduate Diploma in Islamic Studies from the International Islamic university, Malaysia.


Members of the Authority and CommitteesThe Advisory Council

DATO’ IKMAL HIjAZ HASHIMDato’ Ikmal was appointed as the Chief Executive officer of Iskandar

Regional Development Authority (IRDA) on 23 February, 2007. Prior to

his appointment to IRDA, Dato’ Ikmal was seconded from the uEM Group

toPosMalaysia&ServicesHoldingsBerhadandPosMalaysiaBerhadin

2003, and his last position there was Group Managing Director/Chief

Executive officer.

Dato’ Ikmal has extensive exposure in the property and development

sector. he has spent more than a decade of his career with the uEM

Group (since 1991), as the President of uEM Group Property Division,

where he concurrently held the position of Managing Director, Renong

Berhad (currently known as uEM Land Berhad) and its subsidiary,

Prolink Development Sdn Bhd (currently known as Bandar Nusajaya

Development Sdn Bhd). Prior to that, he also held the position of

Managing Director of PLuS Berhad, the concessioner of the North-

South Expressway (1993-1999).

Dato’ Ikmal served in the Administrative and Diplomatic Service of the

Federal Government (1976-1991) in various positions in the District

office, Regional Development Authority, Training Management and

Administration, as well as other Ministry units.

he holds a Master of Philosophy Degree in Land Management from the

university of Reading, united kingdom.

TAN SRI DATO’ TAN KAY HOCKTan Sri Dato’ Tan kay hock is a lawyer by training, having been

called to the Bar by Lincoln’s Inn, united kingdom in 1971. In 1972,

he was admitted as an advocate and solicitor to the Supreme

Court of Malaysia. he is the Chairman and Chief Executive of Johan

holdings Berhad and a Non-Executive Chairman of George kent

(Malaysia) Berhad, both listed on Malaysian Bourse (Bursa Malaysia)

as well as a Non-Executive Chairman of Jacks International Ltd,

a public company listed on the Singapore Exchange Trading

Limited. he also sits on the Malaysian-Philippines Business Council

and the Steering Committee of ASEAN-Japan Business Meeting.

In addition to that, he is a trustee of the Malaysian humanitarian

Foundation.MEMBERS OF THE ADVISORY COUNCIL

The Advisory Council was established by resolution at the First Authority Meeting, February, 2007.

The Council consists of eminent Malaysians and foreign nationals who are, in the view of the Prime Minister with the concurrence of the Chief Minister of Johor, in the position to provide advice and guidance to promote the aspirations of Iskandar Malaysia as a metropolis of international standing. The Council met once in December for the year under review. There are presently five members in total.

THE ADVISORY COUNCIL

TUN MUSA HITAMBefore becoming Malaysia’s fifth Deputy Prime Minister and Minister of home Affairs (1981-1986), Tun Musa hitam held a number of key government posts, including Chairman of Federal Land Development Authority(FELDA),DeputyMinisterofTrade&Industry,MinistryofPrimaryIndustries and Minister of Education. Between 1990 and 1991, he was Malaysia’s Special Envoy to the united Nations and from 1995 to 2002, the Prime Minister’s Special Envoy to the Commonwealth Ministerial Action Group (CMAG). he led Malaysia’s delegation to the uN Commission on human Rights from 1993 to 1998 and Chairman of the 52nd Session of the Commission in 1995.

Tun Musa hitam has held posts at the international level at various times. These included Chairman of the Commonwealth Parliamentary Association, member of the Board of united Nations Educational, Scientific and Cultural organization (uNESCo) and leader of various Commonwealth Missions. Tun Musa is currently Chairman of three public-listed companies, i.e. Lion Industries Berhad, uM Land Berhad and Sime Darby Berhad. he is also a Joint Chairman of Malaysia-China Business Council, Chairman of the World Islamic Economic Forum, Chairman of the Eminent Persons Group on the ASEAN Charter and Special Envoy of the Commonwealth Secretary-General to the Maldives. Tun Musa hitam received his Bachelor of Arts Degree from university Malaya, Master’s Degree from the university of Sussex, united kingdom and is a Fellow at the CFIA, harvard university, uSA. he also holds honorary Doctorates from university of Sussex, united kingdom, university Malaysia Sabah and university Malaya. he is a Fellow of the Malaysian Institute of Management and Member of the Advisory Board of the Malaysian Journal of Diplomacy and Foreign Relations.

38 39Members of the Authority and CommitteesThe Advisory Council

Members of the Authority and CommitteesThe Advisory Council

TAN SRI SAMSUDIN OSMANTan Sri Samsudin is presently the Chairman, Employee Provident

FundandPresident,PutrajayaCorporation.TanSriSamsudinhas

over 37 years of experience in the public sector. From Febuary,

2001 until September, 2006, he served as the Chief Secretary to the

Government of Malaysia. Prior to that, Tan Sri Samsudin was the

Director-General of Public Services Department. other positions

held were Secretary-General, Ministry of home Affairs; Secretary-

General, Ministry of Domestic Trade and Consumer Affairs; Federal

Secretary of Sabah (1990); Deputy Secretary-General, Ministry of

Transport (1978); Deputy Director (Academic), National Public

Administration Institute (INTAN) (1986-1987); Deputy Director

(Administration), INTAN (1985-1986); head of Finance and

Account Management Centre, INTAN (1982); Special officer to

the Chief Secretary to the Government of Malaysia (1977) and

Assistant Secretary/Principal Assistant Secretary, Public Service

Department (1969).

Tan Sri Samsudin has a B.A. (hons) and Diploma in Public

Administration from university Malaya and a Master’s Degree in

Public Administration from Pennsylvania State university, uSA.

TAN SRI KISHU TIRATHAITan Sri kishu is currently a Court Fellow with the Malaysian Institute

of Management, Fellow of the Malaysian Institute of Directors,

Advisory Council Member to the Corporate Malaysia Roundtable

and a member of the Malaysia-British Panel of the Roundtable.

he has served as Director of Bank Negara Malaysia, the National

Productivity Corporation and the Malaysian Industry - Government

Group for high Technology. he was the Founding Chairman of the

Malaysian External Trade Development Corporation (MATRADE)

and an Exco Member of the Malaysian Crime Prevention

Foundation.

he has also served as a Director of the Malaysian Industrial

Development Corporation (MIDF), Sampoerna holdings Bhd and

the kL City ASMIC unit Trust Management Bhd.

Tan Sri kishu holds a Master’s Degree in Business Administration

(hons) from university of Bath, united kingdom.

DATUK SERI PANGLIMA ANDREW SHENGDatuk Seri Andrew is presently the Chief Advisor to the China Banking Regulatory Commission and a board member of the Qatar Financial Centre Regulatory Authority and Sime Darby Berhad, Malaysia.HeisalsoAdjunctProfessorattheGraduateSchoolofEconomics andManagement,TsinghuaUniversity, Beijing,ChinaPRC and university Malaya.

In addition, he is a member of the Labuan offshore Financial Services Authority, Malaysia (LoFSA), the Governing Council of the International Centre for Education in Islamic Finance, Malaysia (INCEIF) and the Advisory Council of the National Institute of Securities Market, India (NISM).

Datuk Seri Andrew was Chairman of the Securities and Futures Commission of hong kong from october, 1998 to September, 2005. Between october, 1993 and September, 1998, he was the Deputy Chief Executive responsible for the Reserves Management and External Affairs Department in hong kong Authority. Between 1989 and 1993, he was Senior Manager, Financial Sector Development Department, World Bank. From 1976 to 1989, he held various positions with Bank Negara Malaysia (Malaysia’s central bank), including Chief Economist and Assistant Governor in charge of Bank and Insurance Regulations.

Datuk Seri Andrew chaired the Financial Stability Forum’s Task Force on Implementation of Standards in 1999. From october, 2003 to September, 2005, he chaired the Technical Committee of the International organisation of Securities Commissions (IoSCo). he currently chairs the annual oECD/ADBI Roundtable on Capital Market Reform in Asia.

KUOK HOCK NIEN (ROBERT KUOK)Mr. kuok is the Chairman of kerry Group Ltd. he retired from most

of his businesses in 2000.

The kuok Group of Companies are active in commodity trading,

development of sugar and palm-oil plantations, property

development including hotels and their management, logistics,

shipping, insurance and general investments. The Group consists of

a few private companies and a number of public-listed companies

in Malaysia, Singapore, hong kong, China PRC, Thailand and the

Philippines.

40 41Members of the Authority and CommitteesIRDA Committees

Established in Langkawi in 2007, the JMC was formed by both the Prime Ministers ofMalaysia andSingaporetoundertake joint initiativesfocusingonbilateral issuesbetween Malaysia and Singapore with regards to Iskandar Malaysia, specifically in the areas pertaining to cross-border transportation, immigration, tourism and environment.

The current members of the JMC are:

CO-CHAIRMEN• SenatorTanSriAmirshamA.Aziz–MinisterinthePrimeMinister’s Department, Malaysia• Mr.MahBowTan–MinisterforNationalDevelopment,Singapore

MEMBERS• Dato’HajiAbdulGhaniOthman–ChiefMinisteroftheStateofJohor,Malaysia• Mr.RaymondLim–MinisterforTransport,Singapore

jOINT SECRETARIES• Dato’Dr.AliHamsa–DeputyDirectorGeneralII,EconomicPlanningUnit, Prime Minister’s Department, Malaysia • Dato’IkmalHijazHashim-IRDACEO• Ms.ChangHweeNee–DeputySecretaryII,MinistryofNational Development, Singapore

NOTABLE ACHIEVEMENTS IN 2008The JMC reviewed the progress made so far by the four Joint Work Groups on Immigration, Transportation, Tourism and Environment. The JMC noted the efforts and initiatives to facilitate operational management of cross border traffic, changes in transportation regulations and increased reciprocal acceptance of local vehicle regulations.

Progress has also beenmade in terms of joint tourism promotion efforts, and thedevelopment of a river cleaning action plan.

Furtherdiscussionsandstudiesontheidentifiedareas&projectswouldbecarriedoutin the coming months.

MALAYSIA-SINGAPORE jOINT MINISTERIAL COMMITTEE (jMC)

Members of the Authority and CommitteesIRDA Committees

APPROVAL & IMPLEMENTATION COMMITTEE (AIC)The AIC was established by virtue of Section 30 of the Iskandar Regional Development Authority Act 2007 and is responsible for:

• Identifyingproposedmajororstrategicdevelopmentandinvestmentsin Iskandar Malaysia• Monitoringthestatusofallapprovalsinrelationtosuchproposedmajoror strategic development and investments• CoordinatingtherolesandactivitiesofallrelevantGovernmententitiesto expeditetheimplementationofsuchproposedmajororstrategicdevelopment and investments• Identifyinganydifficultiesorissuesarisingduringtheimplementationofsuch proposedmajororstrategicdevelopmentandinvestments,andtakingor recommending appropriate steps and administrative actions to resolve such difficulties or issues• Reportingthestatusoftheimplementationofsuchproposedmajororstrategic development and investments in Iskandar Malaysia

The AIC is chaired by the yAB Chief Minister of Johor, Malaysia and its members consistof representatives from Federal and State departments and agencies.

The Chairman, Members and Secretary of the AIC are:

CHAIRMAN• Dato’HajiAbdulGhaniOthman,ChiefMinisterofJohor,Malaysia

MEMBERS• Dato’IkmalHijazHashim-IRDACEO• SeniorRep-MinistryofFinance• SeniorRep-CompaniesCommissionofMalaysia• SeniorRep-MinistryofHomeAffairs• SeniorRep-MinistryofInternationalTrade&Industry(MITI)• SeniorRep-MinistryofNaturalResources&Environment• SeniorRep-MalaysianIndustrialDevelopmentAuthority(MIDA)• SeniorRep-EconomicPlanningUnit(EPU),PrimeMinister’sDepartment• SeniorRep-StateEconomicPlanningUnit(UPEN),Johor• SeniorRep-MinistryofWorks• StateDirectorofDepartmentofLandsandMines,Johor• StateTown&CountryPlanningDirector,Johor• IRDAFederalCommissioner• IRDAStateCommissioner

PRESIDENTS OF ALL LOCAL COUNCILS IN ISKANDAR MALAYSIA, jOHOR• MayorofJBCityCouncil,Johor• PresidentofJBTengahTownCouncil,Johor• PresidentofPasirGudangTownCouncil,Johor• PresidentofKulaiTownCouncil,Johor• PresidentofPontianDistrictCouncil,Johor

SECRETARY• IskandarServiceCentre,IRDA

IRDA COMMITTEES

42 43Members of the Authority and CommitteesIRDA Committees

The Social Development Committee was formed in 2007 to advise IRDA on matters relating to policies, procedures and implementation of social development programmes in Iskandar Malaysia.

Chaired by the Co-Chairman of the Authority, the Chief Minister of Johor, the members of the SDC mainly comprise representatives from the Federal Ministries, State Agencies and Government-Linked Companies (GLCs). There are 11 Members in total.The Chairman, Members and Joint Secretaries of the SDC are:

CHAIRMAN• Dato’HajiAbdulGhaniOthman-Co-ChairmanofIRDA,Malaysia

MEMBERS• Dato’MusaMuhamad–SecretaryGeneral,MinistryofEntrepreneur& Co-operative Development (MECD)• Dato’AhmadFuadIsmail–SecretaryGeneral,MinistryofHousing& Local Government• DatukZulkefliAHassan–ChiefSecretary,MinistryofHigherEducation• Dato’AbdulLatiffYusof–StateSecretary,StateGovernment,Johor• Dato’HamsanSaringat–Director,StateEconomicPlanningUnit(UPEN),Johor• MohdAzamAbid–Director,DepartmentofTown&CountryPlanning• SapianAlias–Director,JohorStateDevelopmentDepartment• TanSriDato’AzmanMokhtar–ManagingDirector,KhazanahNasionalBerhad• TanSriDato’MohammadAliHashim–ChiefExecutive,JohorCorporation• Dato’IkmalHijazHashim-IRDACEO

jOINT SECRETARIES• SocialDevelopmentDivision,IRDA• StateEconomicPlanningUnit(UPEN),Johor

THE SOCIAL DEVELOPMENT COMMITTEE (SDC)

Members of the Authority and CommitteesIRDA Committees

The Social Project FundCommittee was established to ensure that funds are utilised in accordance with the provisions of the Act as well as the Comprehensive Development Plan (CDP).

CHAIRMAN• Dato’Dr.HajiShahirbinNasir(formerStateSecretaryofJohor)

MEMBERS• Dato’HajiAbdulLatiffbinYusof-StateSecretary• Dato’HamsanbinSaringat-Director,StateEconomicPlanningUnit(UPEN)Johor• Dato’IkmalHijazbinHashim-IRDACEO• Dato’GhazalibinMohdAli-PrivateSectorRep,BousteadGroupMD

SECRETARY• SocialDevelopmentDivision,IRDA

SOCIAL PROjECT FUNDCOMMITTEE (SPF)

TheIskandarMalaysiaSteeringCommitteewassetupwiththefollowingobjectives:

• ProvideexecutivegovernanceandoversightonIskandarMalaysia.• ProvidestrategyanddirectiononIskandarMalaysia.• ResolvekeyissuesandmakekeydecisionsonIskandarMalaysia.

CO-CHAIRMEN• TanSriDato’AzmanMokhtar-ManagingDirector,KhazanahNasionalBerhad• Dato’IkmalHijazHashim-IRDACEO

MEMBERS• ArlidaAriff–IskandarInvestmentBerhad• GanenSarvananthan–KhazanahNasionalBerhad• Dr.Nungsari–KhazanahNasionalBerhad• AdlanAhmad–IskandarInvestmentBerhad• OmarSiddiq–KhazanahNasionalBerhad• MuhdFirdausAzharuddin–IRDA• AmardeepDhillon–IRDA

SECRETARY• ProgrammeManagementOffice

ISKANDAR MALAYSIASTEERING COMMITTEE (IMSC)

44 45

SeniorManagementTeam

OrganisationStructure

46

57

IRDA’sOrganisation

46 47 48 49IRDA’s OrganisationSenior Management Team

SENIOR MANAGEMENT TEAM

1 2

3 4 5 6 7 8

9

10 11 1213 14

15 16

1

2

3

4

5

6

7

8

DATO’ IKMAL HIjAZ HASHIMChief Executive Officer

HARUN Hj jOHARIExecutive Director

SAIFUL BAHARI BAHAROMSenior Vice President,Strategic & Stakeholder Management

NASSER ISMAILDeputy Head, Strategic Communications

ZAINOL RASHID ZAINUDDINHead, Technical & Projects

jASMIN AMIRUL GHANIHead, Business Transformation

NOR HISHAM MOHD YUSOFHead, Corporate Services

MUHD FIRDAUS AZHARUDDINHead, Iskandar Service Centre

9

10

11

12

13

14

15

16

17

AMARDEEP DHILLONHead, Strategic Management

NOOR AZWA MOHD NOORSenior Vice President, Investment & Business

NOR HISHAM HUSSEINSenior Vice President, Human Capital (Iskandar Malaysia)

KARINA IDRIS AHMAD SHAHAssistant Vice President, Legal & Secretarial

ISMAIL IBRAHIMFederal Commissioner

A. RAHMAN HASSANSenior Vice President, Integrated Planning

RUGAYAH YASMIN IBRAHIMSenior Vice President, Human Capital & Management

MOHAMED HUSLI MOHD YASSINSenior Vice President, Social Development

Not in picture:

DR. BADRUL HISHAM KASSIM State Commissioner

49IRDA’s OrganisationSenior Management Team

HARUN Hj jOHARI Executive DirectorB.Sc (Hons) in Mechanical Engineering (University of Western Australia)

HarunjoinedIRDAasExecutiveDirectorinOctober2008andwouldbeappointedChiefExecutiveOfficeron1March2009upontheretirementofDato’IkmalHijazHashimatthe end of February 2009.

Previously, Harun was the Chief Executive Officer of Port of Tanjung Pelepas (PTP), aleadingcontainerportinMalaysia.Harunwasalsoontheboardsofseveraljointventurecompanies and a public-listed company in the Asia Pacific region. Prior to his stint in PTP, harun had over 25 years experience in the oil and gas industry with a leading multinational corporation, which included senior leadership positions with responsibility for 15 countries within the Asia Pacific region before advancing to be the Advisor for health, Safety and Environment for the same organisation.

SAIFUL BAHARI BAHAROMSenior Vice President, Strategic & Stakeholder ManagementB.Sc in Economics and Finance (New Hampshire University, USA); M.A in Asian Studies in the field of Southeast Asian Finance and Political Economy(Cornell University, USA)

Saiful is responsible for the Corporate Planning division in IRDA and was the projectmanagerfortheInvestmentandMarketingStrategyStudy(ProjectGambir).

He joined IRDA inJuly,2007,withhisfirstninemonthssecondedasSpecialOfficertothe Minister in the Prime Minister’s Department at the Economic Planning unit, Prime Minister’sDepartment.PriortoIRDA,SaifulwasDirectorofStrategicResearch&BusinessDevelopment, Corporate Communications and Islamic Finance at the Labuan offshore Financial Services Authority (LoFSA). Before that, he was attached to CIMB where he held variouspositions includingVice-PresidentofEquitySales,HeadoftheSpecialProjectsunit and Executive Director of CIMB Securities (hong kong) Pte Ltd.

50 51IRDA’s OrganisationSenior Management Team

jASMIN AMIRUL GHANIHead, Business TransformationB.Sc. in Economics (University of Warwick, UK);M.Sc. in Engineering Business Management (University of Warwick, UK)

Jasmin’s main focus in IRDA is in building core business processes and ICT implementation.

HerprofessionalcareerbeganwhenshejoinedAccenture,aleadingglobalmanagementconsulting company, where she focused on improving business processes in numerous organisations, as well as the implementation of various organisational change programmes. Jasmin subsequently joined Ethos&Company, a boutiquemanagementconsulting firm where she developed performance management and programme management capabilities for Government-linked companies.

NOR HISHAM MOHD YUSOFHead, Corporate ServicesB.A (Hons) in Accounting and Management Science (University of Kent, UK)

Nor hisham is responsible for the main support functions of IRDA, namely finance, human resources, information and communication technology, procurement and general administration. As the head of Corporates Services, he plays a crucial role as the intermediary between IRDA and a number of key Federal Government ministries in matters relating to financial allocation and performance reporting, in particular the Ministry of Finance and the Economic Planning unit under the Prime Minister’s office.

he has 17 years of professional experience holding executive positions in the areas of finance, audit and corporate matters with a number of Government-linked companies and multinationals. hisham also spent four years in London, united kingdom with Morison Stoneham, Chartered Accountants before returning to Malaysia in 1995.

hisham holds professional memberships with a number of recognised professional bodies namely The Institute of Chartered Accountants of England and Wales, Malaysian Institute of Accountants and the Institute of Internal Auditors (Malaysia). he is also a Certified Internal Auditor (uS).

IRDA’s OrganisationSenior Management Team

NASSER ISMAILDeputy Head, Strategic CommunicationsB.A in Economics (London School of Economics, UK); Masters in International Business and Management (University of Westminster, UK)

Nasser is responsible for the brand management and promotions for Iskandar Malaysia which encompasses marketing communications, advertising, public relations and overall stakeholder management.

he has more than 12 years of experience in marketing communications and business development.BeforejoiningIRDA,NasserwastheheadofthePropertyandFreeZoneDepartmentatthePortofTanjungPelepas(PTP)andresponsibleforthemarketingandadministration of 1,000 acres of prime real estate within Malaysia’s largest container port. While at PTP, he also held positions in Corporate Communications and honed his change management skills as the core team leader of the PTP business transformation initiative.

ZAINOL RASHID ZAINUDDINHead, Technical & ProjectsB.Sc. in Civil Engineering (University of Aston, UK); Masters in Business Administration (University of Bath, UK)

Zainol Rashid is responsible for the planning and implementation of the Ninth MalaysiaPlanprojects,andalsoassistsandprovidestechnicalsupporttotheotherDivisions within IRDA.

Prior to joining IRDA, he was a business development and project managementconsultant. he also sat on the board of several private limited companies. In a career spanning30years,Zainolhasheld seniorpositions invariousorganisations,includingProjectDirector,SolutionsProtocolSdnBhd;ExecutiveDirector,Pembinaan kekal Mewah Sdn Bhd; Managing Director, kualiti Alam Sdn Bhd; General Manager (Technical), PLuS Bhd and a Senior Engineer position with the Public Works Department.


MUHD FIRDAUS AZHARUDDINHead, Iskandar Service CentreB.Sc. in Petroleum and Natural Gas Engineering (Pennsylvania State University, USA) Muhd Firdaus is responsible for managing the Iskandar Service Centre (ISC), which processes all applications on behalf of investors, as well as the 24/7 IRDA Call Centre.

Muhd Firdaus has over 13 years of experience in the courier and logistics industry, specialising in logistics start-ups, business process re-engineering and general operations.Priorto IRDA,MuhdFirdauswastheChiefOperatingOfficerofPoslajuand AsiaXpress, the two arms of Pos Malaysia for three years. Before that, he was the Regional Supply Chain Director for Cognis oleo Chemicals. his logistics and courier professionbeganin1995whenhejoinedFedExMalaysia.

AMARDEEP DHILLONHead, Strategic ManagementBachelor of Science (Australian National University, Australia);Post Graduate Diploma in Accounting (Monash University, Australia);Masters in Business Administration (Monash University, Australia)

Amardeep plays an instrumental role in enhancing IRDA’s capability in terms of strategic direction and management, business process design and ICT implementation.

his 20 years of professional career commenced with his involvement in the Australian Government’s implementation of innovative business models and ICT to improve the productivityof theAustralianTaxationOffice.He then joinedAccenture, a leadingglobal management consulting company, where he focused on business development, human resource competency building and directing the implementation of large scale change programmes.

NOOR AZWA MOHD NOORSenior Vice President, Investment & Business B.Sc. in Actuarial Science (University of Kent, UK);Masters in Business Administration (Swinburne University of Technology, Melbourne, Australia)

Noor Azwa is responsible for implementing strategies and initiatives for the development of economics and business activities, as well as the attraction of investment into Iskandar Malaysia.

Noor Azwa has more than 13 years working experience in the financial sector, i.e. insurance, equity,researchandinvestment.PriortojoiningIRDA,hewasHeadofResearchatAvenueSecuritiesSdnBhdandPilgrimageFundBoard(LembagaTabungHaji).Duringhis10-yearcareer inresearch,hehasbeenawardedtheBestOverallAnalyst–TheEdge,a leadingMalaysian business weekly (2004); Best Transportation Analyst – The Edge (2004 &2005),AsiaMoney(2005);andBestEquityStrategist–TheEdge(2004)inMalaysia.Hehas also successfully led his team in Avenue to be among the Top 3 Research houses in Malaysia–TheEdge(2004&2005).

NOR HISHAM HUSSEINSenior Vice President, Human Capital (Iskandar Malaysia)B.A. (Hons) in Social Science and Humanities (Universiti Kebangsaan Malaysia)

Nor hisham is responsible for the development of Iskandar Malaysia’s human Capital blueprint that looks at human resource and talent requirements in Iskandar Malaysia. This majorblueprinthelpsascertainandformulatethehumancapitalstrategiestoensurethehuman capital requirements of the nine targeted economic clusters of Iskandar Malaysia is adequately met. Nor hisham is also in charge of monitoring and facilitating the implementation of the initiatives formulated under the human Capital blueprint.

he began his career at MBf Finance Berhad in 1992. Subsequently, he extended his career at Celcom Berhad where he rose through the ranks from human Resource Development and operations to hR Strategy, and finally as the head of human Resource Development Division in year 2000.

NorHishamjoinedPwCConsulting inyear2000andservedasProjectManager inthePetronas-MISC Business Transformation Project. He was recruited back to Celcomin year 2003 and played an instrumental role in the Manpower Rationalisation and Merger exercise with TM Touch, a Telekom Malaysia subsidiary . hisham was also at DDI InternationalasaRegionalConsultantfromtheyear2003to2005.In2005,hejoinedthePortofTanjungPelepas(PTP)asGeneralManagerofHumanResource.HishamisDDI’scertified Performance Management, Selection and hRD facilitator.



KARINA IDRIS AHMAD SHAHAssistant Vice President, Legal & Secretarial ServicesB. Law (Hons) LLB (Universiti Kebangsaan Malaysia)

karina is responsible for ensuring effective Board operations and interactions and that the Authority’s obligations under any agreements are carried out in accordance with the laws of Malaysia.

Priorto joining IRDA, shewasSeniorLegalCounselwithMeritPropertiesSdnBhd,a member of the kuok Group of Companies. She was also attached to Ramkasha PortfolioSdnBhdasDirector/CompanySecretary,andactedasAdvocate&Solicitor/CompanySecretaryatMessrsAbuTalibShahrom&Zahari.Duringhertenurethere,she was seconded to PLuS Expressways Bhd as the Legal Advisor / Assistant Company Secretary.

ISMAIL IBRAHIMFederal CommissionerB.Sc. in Urban and Regional Planning (Heriot-Watt University, Edinburgh, UK)

Ismail is responsible for liaising with and coordinating all relevant ministries, federal departments, or other bodies of the Federal Government in order to expedite the issuance or grant of all approvals for trade, investment or development that are available under the federal laws.

Ismail is a Government town planner registered with the Board of Town Planners Malaysia. He joined the civil service in 1983 as a town planning officer with the Federal Department of Town and Country Planning, Ministry of housing and Local Government. In 2003, he was appointed as the Penang State Director of Town and Country Planning. Ismail was seconded to khazanah Nasional Berhad as Senior vice PresidentforSpecialProjectstotakeontheSouthJohorEconomicRegion(IskandarMalaysia) initiative in 2006. he contributed significantly to the formulation and subsequent approval of the Town Planners Act 1995, Town and Country Planning (Amendment) Acts of 1995 and 2001, and most recently the Iskandar Regional Development Authority (IRDA) Act 2007.

A. RAHMAN HASSANSenior Vice President, Integrated PlanningMasters in Town and Regional Planning (University of Sheffield, UK)

A. Rahman is responsible for the strategic level planning and coordination of development for Iskandar Malaysia. he leads a team of professionals in IRDA to undertake the preparation of blueprints as part of the enhancement exercise for Iskandar Malaysia’s Comprehensive Development Plan.

he began his professional career as Town Planner with the Federal Town and Country PlanningDepartmentin1979.HeresignedfromGovernmentservicein1992tojointheprivatesectorasTownPlannerwithKintaKellasPLC.Notablecompletedprojectswherehe was directly involved in the planning and implementation aspects include Bandar Nusajaya,Johor;PutraLightRailTransit,KualaLumpur;TanjungTo’kongDevelopment,Pulau Pinang; universiti Industri Selangor’s main campus, Selangor; Labuan Island BeautificationProject,FederalTerritoryofLabuan;andNoiBaiIndustrialZone,Vietnam.

RUGAYAH YASMIN IBRAHIMSenior Vice President, Human Capital Management and AdministrationB.A. in Business Administration (Ohio University, Athens, USA)

Rugayah yasmin is responsible for all human resource and administration matters within IRDA. This involves organizing, integrating and directing all human capital management and administration activities, which support the overall business strategy and design.

Rugayah’s career inHumanResourcebegan in 1983where she joinedAdvancedMicroDevices, amultinational company in Penang. She then joined Projek LebuhrayaUtaraSelatan (PLuS) Berhad in 1989, a company under the Renong Group, and was later transferred to PRoPEL as the head of human Resource and Administration. In 1996 she was given the challenge to set up the human Resource and Administration Department inLITRAK,anassociatecompanyofGAMUDAGroup. In2004she joinedPosMalaysiaBerhad as the Deputy General Manager of human Resource, and Administration, and also theTrainingInstitutebeforejoiningIRDA.



MOHAMED HUSLI MOHD YASSIN Senior Vice President, Social Development B.A. (Hons) in Geography (University of Malaya);M.Sc. in Planning (Universiti Sains Malaysia)

Mohamed husli Mohd yassin is responsible for Spatial, housing and Social Welfare cluster initiatives in the Social Development Division.

Heisanurbanplannerbyprofession.PriortojoiningIRDA,heservedforover30yearsin the urban Development Authority in various positions in the urban Planning and UrbanDevelopmentDivision.HehascontributedtothedevelopmentofmajorUDAHoldingsprojectsinthecountry.

DR. BADRUL HISHAM KASSIMState CommissionerB. Law (Staffordshire Polytechnic, UK); Masters in Business Administration (Leicester University, UK);Ph.D in Water Management and Regulation (University of Glamorgan, Wales, UK)

Dr. Badrul is a Johor State officer and currently holds the post of Deputy Director of the State’s Economic Planning unit (uPEN).

Since joining theJohorStateCivilService in 1992,Dr. Badrul has served in severaldepartments including: • AssistantStateSecretary,JohorStateSecretariat(1992-1995)• Manager,PermodalanDarulTa’zim(1995-1999)• AssistantLandAdministrator(1999-2000)• PrivateSecretarytotheChiefMinisterofJohor(2000)• PrincipalAssistantDirector,JohorEconomicPlanningUnit(2005-2006)

he was seconded to khazanah Nasional Berhad in 2006-2007, and is currently the Deputy Director, Johor Economic Planning unit, with part secondment to IRDA.

IRDA’s OrganisationOrganisation Structure

ORGANISATION CHART

ChiefOperating

Officer

Office of

Commissioners

Membersof the

Authority

ChiefExecutive

Officer

CEOOffice

InternalAudit

SecretarialServices

RiskManagement

ProgrammeManagement

IntegratedPlanning

IskandarServiceCentre

Investment &

Business

SocialDevelopment

BusinessProcess

&Transformation

StrategicManagement

CorporateService

Technical&

Projects

58 59

IRDA’sAchievementsby Strategy

Calendar ofKey Events

60

84

Achievements& Events

60 61Achievements & EventsIRDA’s Achievements by Strategy

Thesevenkeystrategies, listedbelow,translatedinto43priorityprojectswhichwoulddeliver high impact and outcomes for Iskandar Malaysia. The seven key strategies were:

To deliver successfully on these strategies, IRDA business operating model was developed with the structure and processes for seamless collaboration relationships with Federal, State and Local Governments to provide superior services to clients and the community.

The following pages are summary overview of IRDA’s achievements for 2008.

IRDA’s strategic direction is referenced from the Comprehensive Development Plan 2006-2025 and the IRDA Act 664 (2007). The Comprehensive Development Plan provides the vision and holistic development blueprint for Iskandar Malaysia, whilst the IRDA Act statestheobjectives,functionsandpowersoftheAuthority.Additionally,wisdomandguidance from the Members of the Authority has been integral to ensure the strategies remain relevant and focus is placed on the right priorities.

IRDA’s strategic roadmap is divided into three (3) key transformation phases to realise its vision.

For 2008, IRDA’s focus was two fold, firstly in Planning and Foundation Building to develop the required operating model that would shape and steer the path for Iskandar Malaysia’s development.And secondly, support the investors launch their large-scale projects byfast-tracking the approval process. This initial phase is crucial to the potential success of the following stages of development for Iskandar Malaysia, as it creates the platform for the required transformation of Iskandar Malaysia into a metropolis of international standing.

To that extent, IRDA’s 2008 business plan strategies have focused on driving and delivering outcomes, not only for the longer term but also incorporate action to achieve early benefits. To operationalise these strategies IRDA utilised the proven balance scorecard framework and all activities were kPI (key performance indicator) driven.

IRDA’S STRATEGIC ROADMAP KEY STRATEGIES FOR 2008

Achievements & EventsIRDA’s Achievements by Strategy

2010 – 2015 2016 - 20252007 – 2009

Evolution

Progressive&sustainableinvestment and economic

development

Creating growth

opportunities

&movin

g

implementations

Phase 2Strengthening

&Growth

Phase 3Sustain

&Innovate

Phase 1Planning&Foundation

Building

Targeting catalyst

investments

Set up investment road map and bring in catalyst investments

Get the full-fledged Iskandar Service Centreset up and running

Continue to build awareness of the IskandarMalaysia brand

Ensure priority development blueprints are in place

Commence planning and execution of social programmes

Accelerateinfrastructure(9MP)projects

Strengthen internal capabilities and capacity


RM 41.8 billion commitment in investments achieved from theprivate and public sectors

From November 2006 to December 2008, Iskandar Malaysia attracted investment commitments totalling RM41.8 billion (uSD12.1 billion). This is equivalent to 88.8% of its 2006-2010 target of RM47.0 billion (uSD13.6 billion). In 2008 alone, Iskandar Malaysia investment commitments amounted to RM16.0 billion (uSD4.6 billion) from both private and public sectors. This track-record is encouraging as it reinforces the Iskandar Malaysia offerings and investors view the growth potential to be positive for their business.

It must be noted that the investment performance is attributed to the collaborative efforts of the Federal, State and Local Government agencies, industry bodies and developers and investors. IRDAcontinuestoworkactivelywiththesestakeholderstoensureproject implementationis inaccordance to the plans.

1. SET UP INVESTMENT ROAD MAP AND BRING IN CATALYST INVESTMENTS

Investment&MarketingStrategyenhancesIskandarMalaysia’s value offerings

IRDAinitiatedanInvestment&MarketingStrategystudytolookintotheenhancementof the economic drivers for Iskandar Malaysia and to define the value opportunities and advantages for investors. Based on the Iskandar Malaysia Comprehensive Development Plan2006-2025,theInvestment&MarketingStrategymapsoutapathinensuringthepriority industry sectors remain relevant and sustainable to investors by targeting high-value added activities into the region.

The nine priority sectors are:• PetrochemicalandOleochemical• HealthcareServices• Tourism• Logistics• ElectricalandElectronicsManufacturing• Education• AgroandFoodProcessing• FinancialServices• CreativeServices

A total of 29 development programs were identified for implementation over the next five years for which the outcomes would reinforce Iskandar Malaysia’s investment proposition and drive the growth of the nine priority sectors.


Manufacturing

utilities

Property

Goverment Investment

Tourism

Bunkering

2006-2008 Investment by Industry Sector

2008 Investments by Industry Sector

Manufacturing

utilities

Property

Government

Investment

Bunkering

Tourism

* Exchange rate of USD1: RM3.46 has been used throughout the report ( Source: Bank Negara Malaysia’s published rate on 31 December 2008)

6.9%RM2.9 bn

19.6%RM8.2 bn

16.4%RM6.8 bn

52.0%RM21.7 bn

3.3%RM1.4 bn

1.8%RM0.8 bn

61.4%RM9.8bn

8.8%RM1.4bn

4.7%RM0.8bn

6.5%RM1.0bn

6.7%RM1.1bn

11.9%RM1.9bn


Over 140 site visits by potential international and local private investors

IRDA continued its efforts to create awareness and to attract investments by actively participating in various promotional activities inMalaysia and around theworld – viadirect promotion andmedia relations.

IRDA participated in international trade missions targeting industries aligned to the investment objectives of Iskandar Malaysia. Leveraging on the proven approach by Malaysian IndustrialDevelopment Authority (MIDA) and MATRADE, IRDA engaged with private investors and foreign Government to promote Iskandar Malaysia’s offerings and understand the requirements of the investors.

IRDA is also actively promoting Iskandar Malaysia domestically by holding the Iskandar Malaysia Info Day, Seminar Peluang-Peluang Perniagaan : Iskandar Malaysia and MIDA-Business opportunities in Malaysia.


Iskandar Malaysia has generated positive interest and hosted over 140 prospective investors’ (domestic and overseas visits). As illustrated in the chart below, besides ASEAN countries, interest came from nations worldwide, namely Japan, France and Australia.

visit by DyAM Tunku Mahkota Johor and DyTM Tengku Mahkota Pahang

Info Day 2008 RoTALk 2008

Prospective Investor visits to Iskandar Malaysia in 2008(By Country)

Interest Areas of Prospective Investors

Property Development

Petrochemical&

oleochemical

Electrical&Electronic

Food&Agro-processing

Logistics

Tourism

Financial Services

healthcare

Education

Creative

Malaysia

Singapore

Australia

Japan

korea

Europe

Indonesia

China

others

49.0%

3.0% 4.0%4.0%

3.0%2.0%1.0%

5.0%

3.0%

4.0%

6.0%

16.0%

2.0% 4.0%4.0%

2.0%

11.0%

5.0%5.0% 4.0%

11.0%

34.0%

18.0%


Local stakeholder’s collaboration provides valuable insights

IRDA organized Roundtable Dialogues sessions with key industry and Government stakeholders to enhance development and investment opportunities for all, by gaining detailed understanding of areas for enhancement. The participants comprised of companies from both manufacturing andservicessectortogetherwiththelandownersineachFlagshipZone.Thesesessionshavebeenproven productive not only by creating operating networks amongst stakeholders, but in identifying implementable initiatives to improve the value offerings and transforming Iskandar Malaysia into a place to do business with ease. The Roundtable Dialogues received positive response from the various stakeholders and IRDA will continue to engage these stakeholders.

The Flagship Booklet publication provides easy access to facts and information

IRDA produced the inaugural “Flagship Booklet” comprising detailed information on the five flagship zones in Iskandar Malaysia for investor’s ease of reference targeting potential investors, developers and business operators. The Flagship Booklets have been distributed to investors both locally and internationally, and also made available of the www.Iskandarmalaysia.com.my internet home page.


Infusing best practices of international standing in Iskandar Malaysia’s development

The successful development of Iskandar Malaysia into a strong and sustainable metropolis of international standing hinges on the foundation of its planning framework. The framework, in the form of planning blueprints, are a set of standards to guide the implementationofIskandarMalaysiapoliciesandstrategiesonspecificsubjects,suchasLand use, Environment and Infrastructure. IRDA has made significant progress in producing blueprints for Iskandar Malaysia. A total of 32 blueprints have been planned, 12 for urban planning, 7 for infrastructure, 4 for environment, 4 for utilities and 5 covering other areas. As at 31 December 2008, 8 blueprints have been completed with the remaining 26 in various stages of work. The 8 blueprints that have been completed are as follows:

· Safety and Security Blueprint· Integrated Transport Study· human Capital Blueprint· Enterprise G.I.S. Blueprint For Iskandar Malaysia· Mixed use Development for Innovative Planning and Design Blueprint· Design Brief for Public housing· Guidelines for Foreign Workers housing· Investment and Marketing Roadmap

The blueprints detail the framework and action plans to implement strategies, programmes and projects,derived frombest practices benchmarked fromotherworldclass cities. IRDA works collaboratively with relevant agencies and industry bodies to define their standard of excellence.

Efficient Integrated Public Transportation for accessibility and convenience

The transportation blueprint places emphasis on key principles such as future development and growth of Iskandar Malaysia public transport accessibility and existing regulatory framework. The essential aim is to create accessible, convenient and safer publictransportationtobeenjoyedbythecommunity.

The blueprint proposes rail base transportation systems, supported by conventional busesandfeederbuses.Thealignmentoftherailswillfocustoservemajorcatchmentareas within Iskandar Malaysia and cover four key hubs in Johor Bahru.

The blueprint also establishes a comprehensive implementation plan, including establishing funding needs and regulatory changes as required to ensure success and commitment in the execution of public transportation in Iskandar Malaysia.

2. ENSURE PRIORITY DEVELOPMENT BLUEPRINTS ARE IN PLACE

Iskandar Malaysia flagship booklets



Iskandar Malaysia’s Brand is growing in recognitionlocally and globally

The Iskandar Malaysia brand was officially launched by the Prime Minister of Malaysia in early April 2008. With its unique logo that symbolises elements of Johor and its offerings, creates an identity that would be easily recognisable by the public. The logo and its associated value proposition is now represented in all promotional material in various mediums, collaterals and formats.

At the end of 2008, IRDA appointed an independent branding consultant to conduct a brand audit where it was established that the Iskandar Malaysia brand positioning has propagated successfully in the market place and recognised by the intended target audience. More adaptation and continuous effort would be required to ensure the proposition messages are reinforced and a wider audience group is reached.

Strategic promotional campaigns reaching investorslocally and globally

IRDA continued with its concerted international promotional campaign to build the Iskandar Malaysia proposition in 2008 with more active and aggressive print and electronic media activities. Apart from engaging with the local and international media to ensure positive and sustained coverage of the latest developments in Iskandar Malaysia, IRDA also produced special advertising supplements which were featured in Forbes and the International herald Tribune. The Chief Executive officer of IRDA was interviewed live by Bloomberg Tv in Asia and Europe allowing Iskandar Malaysia to be highlighted to global viewership of over 73 million. Special Tv programming which was broadcast on CNBC and Channel News Asia were also developed to highlight the progress of development in Iskandar Malaysia. These half hour specials highlight in depth the various aspects of Iskandar Malaysia and feature interviews with Malaysian national and state level leaders, investors, analysts and non-government organizations. Two specials episodes were produced in 2008, entitled Sustainable Growth and Global Investor. Both episodes were broadcast on international satellite channels such as CNBC Europe, CNBC Asia and Channnel News Asia.

3. CONTINUE TO BUILD AWARENESS OF THE ISKANDAR MALAYSIA BRAND

Safety and Security at the core of Iskandar Malaysia

IRDA delivered a safety and security blueprint in recognition of the importance of safety and security as a precondition to stability, growth, and sustainability. The Blueprint establishes a vision for Safety and Security in Iskandar Malaysia that shares responsibility for achieving key goals, commencing with an intensive effort at coordination and integration amongst vested stakeholders, and implementation of early enhancements in 2009. The Blueprint then proposes a period of incremental safety and security capability enhancement over the period of the Tenth Malaysia Plan to 2015, a focus on capability extension over the Eleventh Malaysia Plan to 2020, and a focus on capability sustainment over the Twelfth Malaysia Plan to 2025.

To provide explicit guidance to all stakeholders, the blueprint incorporates a set of forty-six Development Programmes mapped to each Strategy. Each Development Programme addresses a specific safety and security capability enhancement, recaps international proven practice, and outlines a way ahead for Iskandar Malaysia. In aggregate, the Development Programmes will drive a significant body of activity over the period to 2025

Mixed use Development for Innovative Planning and Design

This blueprint is designed to allow developers and designers to creatively design and build mixed use developments. The document translates existing policy on Mixed use Development as outlined in the existing National Physical Plan (NPP), National urbanization Policy and Iskandar Comprehensive Development Plan and provides strategies for planning and implementation guidelines to be used by the local authorities to develop and maintain sustainable initiatives on land use planning in Iskandar Malaysia.

Safe home Campaign launch



In addition, one minute promotional videos were produced and broadcasted on selected international Tv news channels to support IRDA’s participation in international events and exhibitions such as Cityscape Dubai.

Iskandar Malaysia also features on a globally syndicated Tv Business show, World Business, which has a global reach of 300 million households. World Business is a weekly, half-hour television programme reaching C-Suite executives, senior managers, government officials and leading global opinion formers. Among the global channels that carry World Business include PBS in the uSA, CNBC Asia, CNBC Europe and Sky News Business Channel which covers the oceania region.

In support of the Iskandar Johor open Golf tournament, IRDA also placed airtime on the program Business of Sport which is featured on 17 leading airlines inflight entertainment reaching 4 million passengers per month on selected airlines including Malaysia Airlines, Singapore Airlines, Qantas and Alitalia.

keeping the local community connected

In addition to promoting Iskandar Malaysia to the business and investment community, efforts were also made to reach out to the local community and to inform the public on Iskandar Malaysia. IRDA officers in collaboration with local community leaders gave face to face briefing to update and inform the community on the latest developments taking shape in Iskandar Malaysia.

Electronic media was also utilised as a communication medium to reach out to the community. This took the form of Special Johor FM radio programs to keep locals informed on current developments and issues. Also as part of IRDA’s efforts to promote a safe and secure Iskandar Malaysia, IRDA collaborated with the Royal Malaysian Police and The Star newspaper in their safe home campaign during the festive and holiday seasons. All homes which participated in the safe home campaign recorded 0% break-ins. IRDA also participated in many local exhibitions such as career fairs and trade shows. These activities allow for the local community to find out more about business and employment opportunities in Iskandar Malaysia while interacting with IRDA staff.

• IskandarMalaysiadebutsinCityscapeAsia2008IRDA participated in its first Cityscape Asia exposition which was held in Singapore, between 15 and 17 April 2008. This was where the new Iskandar Malaysia brand was unveiled to the international community. IRDA collaborated with uEM Land, Danga Bay and Iskandar Investment to set up an Iskandar Malaysia pavilion which attracted significant attention from visitors as well as the media.

• WCIT2008putsIskandarMalaysiaontheworldICTMapIn May 2008, IRDA teamed up with the Johor State government, TM Berhad, MSC Cyberport Sdn Bhd and uEM Land at the 2008 World Congress on Information Technology.

Thiswas thefirst time thatMalaysia played joint host to the prestigious event andprovided the ideal platform to introduce Iskandar Malaysia to the international ICT community.

key promotional events showcased Iskandar Malaysiaadvantages to the world

Info Day 2008

Cityscape Asia 2008

WCIT 2008



• IskandarMalaysiacreatesapresenceinCityscape Dubai 2008

Cityscape Dubai is the regions premier networking exhibition and conference focusing on all aspects of the property and metropolis development cycle. The event attracts regional and international investors, property developers, government and development authorities, leading architects, designers, consultants and all other professionals involved in the property industry. Although this was the first time Iskandar Malaysia was featured in Cityscape Dubai, it generated significant interest from the media as well as the investment community. More than RM 200 million in Iskandar Malaysia real estate transactions were conducted.

The exhibition and conference was held over a four-day period from 6 to 9 october 2008. A collaborated activity, the Iskandar Malaysia booth housed four organisations namely IRDA, uEM Land, Danga Bay and Iskandar Investment. IRDA was among over 400 exhibitors from all over the world that participated in Cityscape Dubai.

Iskandar Johor open 2008 brings the stars of golf toIskandar Malaysia

Following up from the success of the 1st Iskandar Johor open (IJo) in 2007, the Iskandar Johor open 2008,presentedbyIRDAandNusajayawasheldattheRoyalJohorCountryClubfrom30Octoberto 2 November 2008.

The star player for the event was Retief Goosen from South Africa. other players of note included Niclas Fasth from Sweden, Thongchai Jaidee and Thaworn Wiratchant from Thailand, local Malaysian talents Airil Rizman and Ben Leong as well as defending champion Artemio Murakami from the Philippines.

A key benefit of organising the IJo 2008 was the extensive television coverage on all 4 days of the tournament with 4 hours of live coverage across 5 regions which totaled 299 hours of live international coverage on the satellite channel ESPN.

After 4 gruelling days, Retief Goosen emerged from the pack as winner of the second edition of this tournament.

Refreshed www.iskandarmalaysia.com.my provides additional features and content

The new Iskandar Malaysia Website was launched in April 2008 after the announcement

of the new Iskandar Malaysia brand by the Prime Minister. The new website featured

the new Iskandar Malaysia logo and additional content such as streaming

video of Iskandar Malaysia news, interviews and special news features. The

website also included downloadable versions of Iskandar Malaysia marketing

collaterals and an interactive map of the committed developments within the

5 flagship zones in Iskandar Malaysia.

Cityscape Dubai

IJo 2008 Retief Goosen wins

Iskandar Malaysia homepage



RM200millionhasbeensecuredforPublicHousingprojects

on 11 April 2008, the Prime Minister, who is also IRDA Co-chairman, announced an allocation of RM200.0milliontoimplementpublichousinginIskandarMalaysia.Theprojectwhichisapprovedunder the Mid-Term Review of the Ninth Malaysia Plan (9MP) period, is envisaged to become ashowcasetothenew implementationofpublichousing. Theobjective istobuildbetterandimproved quality rental housing in Iskandar Malaysia with improved public facilities in a conducive living environment.

Toensuretheobjectiveisachieved,IRDAhasdevelopedtheAffordablePublicHousingGuidelines,followedbythedesignbriefwhichwasconcludedinSeptember2008.Thefirstphaseofthisprojectwould involve the construction of approximately 1,500 units of houses, each with the minimum area of 900 square feet, in 3½ to 4 storey apartment blocks. other prominent features of this project design are the elements of Crime PreventionThrough Environmental Design (CPTED),utilization of IBS system, eco-friendly and promote interaction amongst the community.

Maintenanceandmanagementaspectofthishousing isalsovitalasthisprojectshouldsetthebenchmarkforfuturepublichousingprojects inthecountry. Hence, IRDA initiateda studyon“Five (5) years Strategic Business Plan for Iskandar housing Management Company (IhMC)”. Also undertaken is the development of the housing database and profiling target group for appropriate selection of tenants and beneficiaries.

IskandarMalaysiaprovideslocalgraduateswithon-the-job experience

The Iskandar Malaysia Graduates Employability Enhancement Programme (GREEN), a collaboration with khazanah Nasional Berhad is designed to serve as a template for future initiatives in training MalaysiansforjobswithinIskandarMalaysia.Theprogrammeisfocusedonprovidingparticipantswith opportunities to improve their skills and assist them in gaining work experience towards finding suitable employment.

After its launch in September 2008, 250 graduates were selected to be pioneers in the programme from 19 october to 24 December 2008 and the participants are provided with communication trainingandprojectmanagementskills.Theparticipantswerefreshgraduateswhowerejobseekingorwithjobsnotrelatedtotheirareasofstudy.

upon completion, they were sent for a 10-month attachment with organisations such as Government Linked Companies (GLCs) and other private companies commencing January 2009. More than 30 companies signed up to support this initiative, mostly operating within Iskandar Malaysia.

Most participants claimed that the programme provided them with communication skills, brushed them up on English proficiency and fluency, enhanced one’s confidence in facing the working world and the importance of teamwork. IRDA oversees the overall programme and acts as the coordinator between graduates and companies.

Enhancing the skill standards in the local construction industry

Iskandar Malaysia-Construction Industry Development Board (CIDB) Collaboration Programme,isajointinitiativebetweenIRDA,CIDBandIskandarInvestmentBerhad,theinvestment arm of khazanah for Iskandar Malaysia.

It focuses on generating experienced skilled workers to meet the anticipated demand for construction workers in Iskandar Malaysia. It is open to a wide group, including secondary school-leavers, those already in the construction industry but aiming to polish existing skills, and those who wish to pursue careers in construction site supervision and other related professional fields.

In 2008, 350 participants enrolled in this programme to be trained in 13 different courses offered. The first batch completed their courses in February 2009 and all trainees have beenrecruitedthroughjob-matchingdonebyaco-ordinationeffortbetweenIRDAandIskandar Investment Berhad. Moving forward, IRDA will work with the contractors to identify the recruitment needs and relevant courses for the trainees. This is to ensure a continuous high success rate in employability and sufficient supply of skilled workforce for this industry to support the development in Iskandar Malaysia.

Programme to develop a talented and skilled work forcefor Iskandar Malaysia

IskandarMalaysia is a long-term projectwith a vision to be a sustainablemetropolisof an international standing. hence, it is important that we have the right strategies to develop the talent and skilled workforce amongst the locals to support targeted economic activities.

Realising this challenge, Iskandar Malaysia human Capital Steering Committee (IMhCSC) was formed on 26 June 2008 to ensure more co-ordinated and integrated initiatives are undertaken. The Iskandar Malaysia human Capital Blueprint was developed in the fourth quarter of 2008. The scope of the blueprint is to :

i. Determine the human capital demand in nine targeted economic clusters for IMii. Identify talent gaps based on related blueprints and IM talent studiesiii. Study and benchmark strategies / best practices with other countries / economic hubs to reflect IM’s aim of becoming an economic hub of international standingiv. Formulate suitable strategies and plans to ensure ready and sustainable supply of talent for IM’s employment demandsv. Recommend a comprehensive and actionable project plan to be executed by the Implementation Committee to ensure sustainable talent for IM’s development purposes.

4. COMMENCE PLANNING AND EXECUTION OF SOCIAL PROGRAMMES



IRDAacceleratestheimplementationofinfrastructureprojects

In February 2008, the Authority was entrusted to implement some of the Ninth Malaysia Plan (9MP)projectswithinIskandarMalaysianamely,theroads,drainageandrivercleaningprojects.Residents, investors andthe localbusiness community in IskandarMalaysiawill enjoyabetterqualityoflifeandenhancedbusinessopportunitiesonceprojectsunderthe9MParecompleted.

under the 9MP, the Federal Government has allocated a total out of RM6.8 billion for Iskandar Malaysia,ofwhichIRDAwasallocatedofRM2.0billionthatcomprisesof18projectsintotal.

Propergovernanceisadheredtowhile implementingthe9MPprojects. IncompliancetoIRDA’sauthority limits, prudent government tendering processes and Ministry of Finance guidelines were compliedinimplementingtheprojects.

Thedetailsoftheseprojectsareasfollows;

5. ACCELERATE INFRASTRUCTURE (9MP) PROjECTS

Package Detailed Commencement Completion Project Date Date

1 Coastal highway 23 Dec 2008 22 Dec 2011

2 Skudai - Abu Bakar 23 Dec 2008 22 June 2011

3A yahya Awal Interchange 29 oct 2008 28 oct 2010

3B Abu Bakar Interchange 29 oct 2008 28 April 2011

4 Skudai - Senai 29 oct 2008 28 April 2011

5 ulu Tiram 23 Dec 2008 22 June 2011

6 kolam Air 29 oct 2008 28 April 2010

Roads Enchancement Projects for Better Connectivity

Project Detailed Commencement CompletionNo. Project Date Date

1 Sg. Tebrau (Package A) 18 Aug 2008 31 Aug 2009

2 Sg. Tebrau (Package B) 23 oct 2008 22 oct 2009

3 Sg. Skudai (Package 1) 17 Nov 2008 5 April 2010

4 Sg. Skudai (Package 2) 23 oct 2008 22 oct 2009

River Cleaning Projects to Enhance the Eco-Environment

Project Detailed Commencement CompletionNo. Project Date Date

1 Sungai Ayer Molek 18 Aug 2008 31 Aug 2009

2 Kg.Hj.MohdAmin 18Aug2008 31Aug2009

3 Kg.Permatang&Jln.Denai 18Aug2008 31Aug2009

4 Kg.Hj.Rahmat 18Aug2008 31Aug2009

5 Sungai Taman Johor 18 Aug 2008 31 Aug 2009

6 Sungai Bala 23 Aug 2008 22 oct 2009

7 Saliran Bandar Senai 23 Aug 2008 22 oct 2009

Drainage Projects to Mitigate Flooding



Iskandar Service Centre provides one-stop convenience for customers

The Iskandar Service Centre (ISC) was set up in 2007 to provide comprehensive facilitation and processing services that is one of the critical components in determining the overall speed of development in Iskandar Malaysia.

In 2008, the ISC continued to expand in both size and capacity through the formation of several new units, namely, the Immigration, Incentive Management and Processing units. The Immigration unit was set up to facilitate visa and work permit applications by foreign professionals as the volume of foreign investments continue to grow. The Incentive Management unit provides incentives advisory services as well as facilitates IRDA’s clients in their applications for incentives while the Processing unit provides processing and facilitation services for various planning and licensing applications for its clients.

The ISC also acts as the Secretary for the Approval and Implementation Committee (AIC) whose main role is to endorse as well as monitor proposed strategic developments and investments in IskandarMalaysia.TheAICreviewedandendorsed4majorstrategicinvestmentsin2008worthatotal of RM 17.6 billion.

IRDA and Local Authorities collaborate to enhance Government service delivery

one of the key achievements of the ISC in 2008 was the signing of Service Level Agreements (SLA) with all five (5) approving Local Authorities in Iskandar Malaysia. The Local Authorities (Pihak Berkuasa Tempatan - PBT) play a significant role in the effective and efficient processing and approval of various developments and licences within Iskandar Malaysia. As an example, the following table details the main service levels agreed with the Local Authorities:

Proven success in expediting processing and approvaltargets

As a result, the ISC team has not only met the above targets but also exceeded investor’s expectations in terms of service levels provided. The ISC team in collaboration with Government agencies facilitated planning permission approvals as well as building &infrastructureplanapprovalsfor5majorinvestorsinashortertimeframethanagreedinthe SLAs.

Therewerealso3major landtransactionsthatwereexecuted inanexpeditedmannerwhichexceededthestandardtimelinespractisedbytheLandandMineralsOffice(PejabatTanahdanGalian)andDistrictLandOffice(PejabatTanahDaerah).

The ISC team had also successfully designed and documented workflow processes with the completion of 10 ISC process manuals, 7 Industry Manuals and 7 Client Information Booklets. The manuals are updated twice a year to ensure they are further streamlined and remain relevant.

6. GET THE FULL-FLEDGED ISKANDAR SERVICE CENTRE SET UP AND RUNNING

PRoCESS DAyS

Planning Permission 30

Building&Infrastructure 30

License / Permit practiced timeline (non sensitive) 3

License / Permit practiced timeline (sensitive) 14

GazzetingSection 8forroadworks

40

GazzetingSection 4forroadworks

32

Medini- SurrenderandRe-alienation(SBkS)

45

50

40

30

70

60

20

10

0

Actual processing days

Processing days as per SLA

Medini- IskandarInvestmentBerhad

Puteriharbour- hautePropertySdn Bhd

40

30

20

10

18 17

Iconic Park- IskandarInvestmentBerhad

21

Newcastleuniversity- IskandarInvestmentBerhad

28

Puteriharbour- uEM LandSdn Bhd

19

0



PLANNING PERMISSION

WaterfontPhase 2

Iconic Park- IskandarInvestmentBerhad

40

30

20

10

18

23

Newcastleuniversity- IskandarInvestmentBerhad

26

EduCity- IskandarInvestmentBerhad

19

Medini- IskandarInvestmentBerhadBuilding

8

0



BUILDING & INFRASTRUCTURE

LAND MATTERS

Iskandar Service Centre



Call centre provides an avenue for customer enquiries

The ISC Call Centre received over 1,000 enquiries in 2008. The number of enquiries related to investment in Iskandar Malaysia had increased to 27% in 2008 which is encouraging. Enquiries from vendors and contractors that are keen to participate in the development of Iskandar Malaysia also rose to almost 5% in 2008 from the previous year.

The ISC Call Centre

Company registration with IRDA

Investment related

Information related to Iskandar Malaysia

others (site visit, presentation)

Nature of enquiries

7. STRENGTHEN INTERNAL CAPABILITIES AND CAPACITY

IRDA’s new office in Danga Bay provides conveniencefor customers and stakeholders

IRDA had its start-up temporary office located on the eighth floor of the MSC Cyberport building. This provided suitable accommodation and readily available infrastructure for immediate operations, and gave IRDA an instant foot print location in Iskandar Malaysia.

IRDA relocated its headquarters in october 2008 to the Danga Bay area, driven primarily by the need to create higher visibility for IRDA and Iskandar Malaysia, and to provide easy access for customers, stakeholders and the community. The office has since improved public access to IRDA and features a designated area for our customers, stakeholders and community to engage IRDA staff and access Iskandar Malaysia materials.

kuala Lumpur Satellite office creates presence close torelevant Government ministries and investor hQs

The kuala Lumpur Satellite office in Plaza Sentral in the heart of kL Sentral, was established to provide convenience for interaction with relevant Federal Government ministries such as MIDA and Immigrations, and provide a proximity venue for investors arriving in kuala Lumpur as well as those whom are located in kuala Lumpur. The kuala Lumpur office is well connected to the main operations in Johor Bahru to ensure high standards of customer engagement carried out in kuala Lumpur with sufficient touch points to service the needs of investors and stakeholders.

The office has also been designed to encourage team work and seamless collaboration, with open plan work-stations, wireless LAN access, many meeting rooms and areas for discussions, video conferencing facilities etc.

IRDA kL office

12.2%

33.4%

27.2%27.2%27.2%

33.4%

12.2%

27.2%



IRDA’s staff are engaged and focused with attributes ofa productive organisation

By the year end IRDA’s head count was approximately 103 strong, with staff employed from various

industries and with relevant skills. key to ensuring IRDA achieves results successfully requires a

high performance organisation that is disciplined, motivated and has leadership traits within its

fabric. The IRDA Business Plan for 2008 clearly articulated the organisations strategy, mission and

core values to ensure clarity in direction and required organisation culture. The core values of IRDA

were developed to institutionalise these attributes into the organisation’s day to day activities.

To continuously improve staff capabilities IRDA commissioned an Employee Engagement Survey

that indicated that IRDA’s staff commitment is slightly higher than the industrial norm and have

traits of a productive organisation.

Managing and applying knowledge is instrumental for IRDA’sbusiness success

The knowledge Management system for IRDA provides a platform for sharing vital information

and knowledge of its staff to be captured, stored and shared using specific programs. The program

comprises of technological tools for document and information sharing in a secured environment.

The outcome of this initiative is an increase in organization productivity due to time saving arising

from reduction in extracting information, better and consistent services to clients, informed decision

makingandenablingcollaborativeeffortonprojects.Plansarecurrentlybeingformulatedtoallow

interaction within and outside the organization and to create innovative service components as

part of the customer relationship management process.

The Programme Management office (PMo) established projectdeliverymethodsanddiscipline

IRDA notonly has anoperational role but also hasmany implementation projects to

complete and deliver. The PMo provides the organisation with a capability to monitor and

driveprojectstoensuretimelydelivery.In2008,thePMOmanagedover30keyprojects

ensuringprojectmanagementdisciplineandstandardswereadoptedandadherenceto

necessaryprojectgovernanceprocesses.

IRDA ICT infrastructure increases efficiency and lowerssupport requirements

IRDA activities require a reliable, mobile and robust ICT infrastructure with utmost

security. This requirement commences with a solid server and network system. In 2008,

IRDA installed a much improved network capability to maximise resource efficiency

and improve system reliability, whilst reducing cost for capacity enhancement and

maintenance. The infrastructure deployed now supports the use of email, GIS (Geographic

Information System) application, internal applications such as Financial, human Resource

systems and knowledge database. Additionally, the LAN/WAN supports the IRDA internal

voice network and video conferencing facilities between the Danga Bay and kL offices - all

of which provides for savings in operational cost.

84 85Achievements & EventsCalendar of Key Events

Achievements & EventsCalendar of Key Events

AUGUST

jULY SEPTEMBER NOVEMBER

OCTOBER DECEMBER

1 Mar 08Ministry of

Entrepeneur &Co-OperativeDevelopment

(MECD) Exhibition

3 jan 08Roundtable Talk

(ROTALK) with Iskandar’s Developers (1)

7 jan 08Roundtable Talk(ROTALK)Flagship E – Senai

8 jan 08Roundtable Talk

(ROTALK)with Iskandar’sDevelopers (2)

FEBUARY

jANUARY MARCH MAY

APRIL jUNE

12 Feb 08Iskandar Development

Region Info Day

12 Aug 08MIDA

-Business Opportunities

in Malaysia

15 jul 08Visit by Tun Musa

Hitam to IRDA’s Office

29 jul 08Visit from

SarawakChamber ofCommerce

26-27 Aug 08Visit by Prime Minister

& Sultan of Brunei

15-17 Apr 082nd Cityscape

Asia Conference

6 May 08National Seminar

on Town andRegional Planning

12 Apr 082008

Career Carnival & Human Resources

Ministry’s “Meet the Customer” Day

21-22 june 08 My Career &

Education Fair

6 - 9 Oct 08Cityscape Dubai

17 Oct 08Iskandar Malaysia Raya Open House

in Johor Bahru

20 Nov 082nd Iskandar MalaysiaInfo Day

10 Dec 08Backbencher’s Luncheon

24-25 Nov 08Business Week

European Leadership Forum

13 Dec 08Members of the Authority Meeting

20 Oct 08Iskandar Malaysia Raya Open House

in KL

30 Oct - 1 Nov 08IJO 2008

13 May 08MSC CYBERPORT &

TM – IRDA MoUSigning Ceromony

19-21 May 0816th World Congress

on IT (WCIT) 2008

2 Apr 08Sustainable Living &

Construction IndustryWeek 2008Conference

12 june 08Official Launching of Asia Petroleum Hub Multi Purpose Fabrication & Supply

11 Apr 08Introduction of

Iskandar Malaysia Brand

Members ofThe Authority Meeting

28 june 08”Meeting of Minds:

Malaysia’s MasterBrand” Conference

9 Aug 08Seminar on

BusinessOpportunities in

Iskandar Malaysia

2 jul 08Briefing toDYAM TunkuMahkotaJohor and DYTMTengku MahkotaPahang

10-11 Aug 082008 Bumiputra Real Estate Convention and Exhibition

6 Sep 08Launching of

the Graduates Employability Enhancement (GREEN) and CIDB Training Programmes

86 87

Statement of CorporateGovernance

InternalControls & Compliance

AnnualFinancialReview

Certificateof the AuditorGeneral

Statementby the Membersof IRDA

StatutoryDeclaration

FinancialStatements

88

89

90

92

93

94

95

FinancialReport

88 89Financial ReportStatement of Corporate Governance

The Statement of Corporate Governance sets out the framework and process through which the Authority and the Management of Iskandar Regional Development Authority (IRDA) ensures the integrity and sound operational policies and procedures in accordance with prevailing laws, rules, regulations, best practices and ethical business conduct. These policies and procedures remain under constant review as the corporate governance environment and good practice evolve.

The AuthorityThe Authority is the highest decision-making body in IRDA. There are in total eight Members of theAuthority.TheAuthorityisco-chairedbyTunAbdullahHajiAhmadBadawi,thePrimeMinisterofMalaysiaandDato’HajiAbdulGhaniOthman,theChiefMinisterofJohor.OtherMembersofthe Authority are eminent members from the public and private sectors, whom are appointed by virtue of Section 8(1) of the Iskandar Regional Development Authority Act 2007. The Authority is committed to ensure IRDA practices the highest standards of corporate governance, in keeping with the Malaysian Code of Corporate Governance. The Authority provides strategic directions, reviews and approves policies and decisions for the development and promotion of Iskandar Malaysia, ensures proper financial administration and human capital management and oversees the overall management of IRDA.

Authority MeetingsDuring the financial year under consideration ending 31 December, 2008, two Authority Meetings were convened. The agenda and a full set of papers for deliberation were distributed in a timely manner before each Meeting. This ensured that the Members had sufficient notice and thus, were well prepared for each Meeting. All issues were deliberated and the decisions made were minuted accordingly.

Accounting And AuditFinancial ReportingThe Authority is committed to ensure that it provides a clear, comprehensive, true and fair view of IRDA’s financial management and performance at the financial year-end, primarily through the financial statement in the Annual Report. The financial statement was prepared by an independent external auditor appointed by the National Audit Department (Jabatan Audit Negara). In April 2008, the Authority resolved to establish an Audit Committee to assist the Authority in overseeing and ensuring that the financial management of IRDA provides a fair assessment of IRDA’s financial position and that the financial reporting processes are in accordance with approved accounting standards and as stipulated by relevant Government circulars.

STATEMENT OF CORPORATEGOVERNANCE

Financial ReportInternal Controls And Compliance

The internal control system of IRDA is designed to safeguard the organisation from fraud, loss or failure in internal processes as well as protecting IRDA’s resources, both physical and intangible. The system covers organisational, financial, operational and compliance controls. The internal control system also defines the lines of responsibility and delegation of authority, documents internal policies and procedural manuals, and formulates corporate action plans and the operational budget of IRDA.

The key elements of the internal control system of IRDA are as follows:

• Clearly defines division and delegation of responsibilities to the members of the senior management including a robust organisation structure and the appropriate levels of authority for expenditure approval limits.

• Clearlydocumentsinternalpoliciesandproceduresthattakeintoaccountthechanging environment, risks and enhancement to processes.

• Establishmentofcommitteestoreviewandrecommendonkeyareassuchasevaluation oftenders,capitalandoperationalexpenditure,projects,humanresourceissuesand other pertinent matters.

• PeriodicalreportingbytheManagementtotheAuthorityand/ortheAuditCommittee on financial and performance indicators as well as key risk issues.

• Adetailedbudgetingprocessthatincorporatestheinputofalloperationalfunctionsof IRDA for the preparation of the annual budget that is approved by the Authority, as well as the Economic Planning unit of the Prime Minister’s Department and the Treasury, Ministry of Finance, Malaysia.

• ExternalauditsconductedonthefinancialstatementsoftheAuthorityareunderthe statutory purview of the National Audit Department (Jabatan Audit Negara).

To enhance the standard of Governance within the Authority, IRDA has formed an internal audit department that will report independently to the Audit Committee and appraise the system of controls and risk management of the Authority. IRDA is also embarking on the formulation of a Risk Management Framework culminating into a Business Continuity Plan (BCP) and Disaster Recovery Plan (DRP) to improve the Authority’s risk mitigation initiatives. The internal controls of IRDA have been adequate to the extent that no material events had occurred that would significantly impact IRDA’s operational and financial standing in any adverse manner in the year under review.

INTERNAL CONTROLS ANDCOMPLIANCE

90 91

For the year ended 31 December 2008, IRDA expended an amount of RM51.9 million, primarily on staff cost and promotional expenses. The key financial highlights for the year ended 31 December 2008 are as follows:-

i) IRDA relied solely on administrative grants from the Treasury, Ministry of Finance, Malaysia to fund all of its financial requirements. For the year ended 31 December 2008, RM67.0 million was allocated by the Federal Government for IRDA to finance its operations.

ii) For the year under review, setting the grant income of RM67.0 million against total expenditure of RM51.9 million, a surplus amounted to RM15.4 million inclusive of other income of RM0.3 million was achieved.

iii) The main operating costs for 2008 were RM21.9 million and RM13.8 million for promotional and personnel expenditures, respectively. The relatively high promotional expenses reflect the necessity for IRDA to position and promote the region actively both domestically and internationally. During the year, the personnel expenditure has increased due to the increase from 70 personnel in 2007 to 103 personnel in 2008. The significantly higher ratio between the amount spent on personnel expenditures as compared to the number of new personnel hired were due to the fact that IRDA strives to recruit talents of the right skills, experience, dynamic and high calibre individuals sourced domestically from private and public organisations as well as overseas.

iv) During the year, capital expenditure on motor vehicles, computers and office equipment of RM0.2 million, RM1.6 million and RM2.5 million, respectively, were incurred. These expenses were necessary due to IRDA’s operational expansion in its endeavours to achieve Iskandar Malaysia’s vision.

v) other payables and accrued expenses at 31 December 2008 of RM7.8 million were mainly contractual obligations that have been duly settled after the year end.

vi) At 31 December 2008, IRDA had operational cash balances of RM20.1 million which were mainly reserved for future operational expenditures. The development expenditure cash balance is at RM187.0 million essentially held in reserve for payment of land acquisition andcontractcostunderNinthMalaysianPlan(9MP).ThecashbalanceforSocialProjectFund at year end is at RM50.7 million.

vii) IRDA has a balance of Development Fund of RM186.9 million arising from grant received of RM301.5 million, interest income generated of RM2.6 million and expenditure of RM117.2 million. viii)TheSocialProjectFundbalance is atRM50.8millionarisingfromcontribution receivedof RM50.0 million and interest income generated of RM0.8 million.

ix) The Authority did not have any outstanding capital commitments as at 31 December 2008.

Financial ReportAnnual Financial Review

ANNUAL FINANCIAL REVIEW

Financial ReportAnnual Financial Review

Breakdown of operating Expenses for the period ended31 December 2008

StaffCost&Benefits

Advertising&Promotions

Professional Consulting Fees

AuthorityMembersAllowances&Expenses

Miscellaneous

For financial year 2009, IRDA anticipates to continue with its efforts to promote Iskandar

Malaysia and improving the capacity and capabilities of its operations. Emphasis would also

be given towards completion of all planning blueprints and delivery of Ninth Malaysian

Plan(9MP)projectsinIskandarMalaysia.Therefore,the2009financialexpendituretrends

are expected to remain largely unchanged as that of the previous year’s.

65.0%

5.0% 2.0%4.0%

24.0%

92 93Financial ReportCertificate of the Auditor General

Financial ReportStatement by the Members of IRDA

94 95Financial ReportStatutory Declaration

Note 2008 2007 RM RM

Property, plant and equipment 3 4,126,593 1,421,316

CURRENT ASSETS

other receivables, deposits and prepayments 4 432,803 6,289,266

Cash and cash equivalents 5 257,830,831 1,140,697

258,263,634 7,429,963

CURRENT LIABILITIES

other payables and accruals 6 7,812,704 7,360,743

7,812,704 7,360,743

NET CURRENT ASSETS 250,450,930 69,220

254,577,523 1,490,536

REPRESENTED BY:

operating Fund 16,901,567 1,490,536

Special Development Fund 7 186,904,904 -

SocialProjectsFund 8 50,771,052 -

254,577,523 1,490,536

BALANCE SHEET AS AT 31 DECEMBER 2008

ISKANDAR REGIONAL DEVELOPMENT AUTHORITY(Established in Malaysia under the Iskandar Regional Development Authority Act, 2007)

Financial ReportFinancial Statements

The accompanying notes form an integral part of the financial statements.

96 97Financial ReportFinancial Statements

Special Social Operating Development Projects Fund Fund Fund Total RM RM RM RM

AT 12 FEBRUARY 2007 - - - -

Surplus for the financial period 1,490,536 - - 1,490,536

AT 31 DECEMBER 2007 1,490,536 - - 1,490,536

Development grant received fromGovernment - 301,500,000 - 301,500,000

SpecialProjectsFund received - - 50,000,000 50,000,000

utilisation of development grant - (117,162,895) - (117,162,895)

Interest income - 2,567,799 771,052 3,338,851

Surplus for thefinancial year 15,411 ,031 - - 15,411,031

AT 31 DECEMBER 2008 16,901,567 186,904,904 50,771,052 254,577,523

STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008


Note 2008 2007 (12 months) (11 months) RM RMCASH FLOW FROM OPERATING ACTIVITIES

Surplus for the financial year / period 15,411,031 1,490,536

Adjustmentfor:Depreciation of property, plant and equipment 3 1,602,600 521,163

Surplus before working capital changes: 17,013,631 2,011,699

Increase /(Decrease) in: Government grant receivable 6,000,000 (6,000,000)

Special development fund 186,904,904 -

Socialprojectsfund 50,771,052 -

other receivables, deposits and prepayments (143,537) (289,266)

other payables and accruals 451,961 7,360,743

Net cash from operating activities 260,998,011 3,083,176

CASH FLOW USED IN INVESTING ACTIVITIES

Purchase of property, plant and equipment 3 (4,307,877) (1,942,479)

Net cash used in investing activities (4,307,877) (1,942,479)

NET INCREASE IN CASH AND CASH EQUIVALENTS 256,690,134 1,140,697 CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR/PERIOD 1,140,697 -

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR/PERIOD 5 257,830,831 1,140,697

CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008




Note 2008 2007 (12 months) (11 months) RM RM

Government grants 9 67,000,000 26,000,000

other income 10 312,768 1,400

67,312,768 26,001,400

operating expenses 11 (51,901,737) (24,510,864)

Surplus for the financial 15,411,031 1,490,536year / period


INCOME STATEMENTFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008

98 99

1. GENERAL INFORMATIONISkANDAR REGIoNAL DEvELoPMENT AuThoRITy (“IRDA”) was established on 12th February 2007. The main activity of IRDA is to act as the authority empowered to plan, promote, process, stimulate, facilitate and undertake the development of Iskandar Malaysia.

The total number of employees of IRDA at year end was 103 (2007: 70).

The principal place of operation of IRDA is located at #G-ol, Block 8, Danga Bay, Jalan Skudai, 80200 Johor Bahru, Malaysia.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies are adopted by IRDA and are consistent with applicable approved accounting standards for private entities issued by the Malaysian Accounting Standards Board (“MASB”).

a. Basis of AccountingThe financial statements of IRDA are prepared on the historical cost basis except as disclosed in the notes to the financial statements and in compliance with the provisions of the Iskandar Regional Development Authority Act, 2007 and applicable approved accounting standards for private entities in Malaysia.

b. Income RecognitionGovernment Grantsoperating and development grants are recognized in the income statement when the rights to receive the grants are approved and the grants will be received during the financial year.

Development grants are recognized in the income statement over the financial period necessary to match them with the costs they are intended to compensate. The grants that do not match with the costs are presented in the balance sheet as deferred grants.

Deferred grants are amortised in the income statement over the life of the assets by an amount equal to the depreciation charge.

NOTES TO THEFINANCIAL STATEMENTS 31 DECEMBER 2008




2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

c. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

DepreciationProperty, plant and equipment purchased at cost of RM500 and below are expensed as incurred. The straight line method is used to write off the cost of the property, plant and equipment over the term of their estimated useful lives at the following principal annual rates:

Motor vehicles 25%

Computers 33 1/3%

Furniture and fittings, office equipment and renovation 20%

d. Other Receivablesother receivables are carried at anticipated realisable values. Bad debts are written off in the financial year in which they are identified. An estimate is made for doubtful debts based on a review of all outstanding amounts at the financial year end.

e. Taxation and Deferred Taxation Current tax is the expected amount of income taxes payable in respect of dividend income pursuant to the tax exemption obtained from the Ministry of Finance as mentioned in note 13. It is measured using the tax rate that have been enacted by the Inland Revenue Board at the balance sheet date.

No deferred taxation is recognised for the financial year due to the tax exemption.

f. Other Payablesother payables are stated at the amounts which the Authority is contracted or obligated to settle plus any incidental legal expenses.


100 101


g. Provision for LiabilitiesProvision for liabilities is recognised when the Authority has a present legal and contractual obligation as a result of past event, when it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and when a reliable estimate can be made of the amount of the obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.Where the effect of the time valueofmoney ismaterial, the amount of a provision is the present value of the expenditure expected to be required to settle the obligation.

h. Cash and Cash EquivalentsCash and cash equivalents consist of cash and bank balances which are readily convertible to known amountofcashandwhicharesubjectedtoandinsignificantriskofchangeinvalue.

i. Impairment of AssetsAt each balance sheet date, the Authority reviews the carrying amounts of its assets to determine whether there is any indication of impairment. If any such indication exists, the impairment is measured by comparing the recoverable amount with the carrying amount of an asset and when the latter amount is higher, the asset is written down to the recoverable amount. The recoverable amount of an asset is the higher of its net selling price and its value in use, which is measured by reference to discounted future cash flows.

An impairment loss is charged to the income statement immediately, unless the asset is carried at revalued amount. Any impairment loss of a revalued asset is treated as a revaluation decrease to the extent of previously recognised revaluation surplus for the same asset. Should the impairment loss of an asset exceeds its revaluation surplus, the surplus impairment loss is charges to the income statement.

Subsequent increase in the recoverable amount of an asset if carried at cost, is treated as a reversal of the accumulated impairment loss previously recognised in the income statement but the reversal is limited to the accumulated impairment loss previously recognised, and if carried at revalued amount, is credited directly to revaluation surplus.





j. Special Development FundSpecial Development Fund is managed on behalf of and funded by the Federal Government underNinthMalaysianPlan(RMKe-9)forinfrastructuredevelopmentproject.

All receipts are credited and all payments are debited to the account. unutilised amounts at the balance sheet date are shown as balance of the above fund.

k. Social Projects Fund SocialProjectsFundmanagedbytheAuthorityisfundedbythirdpartiesandutilisedforcertain purposes in accordance with the provisions of Section 37 of Iskandar Regional Development Authority Act, 2007.

All receipts are credited and all payments are debited to the account. unutilised amounts at the balance sheet date are shown as balance of the above fund.

l. Foreign Currency Transactions in foreign currencies are recorded in Malaysia Ringgit at rates of exchange ruling at the time of the transactions.

Assets and liabilities in foreign currencies are translated into Ringgit Malaysia at the approximate rates of exchange ruling at the balance sheet date. Assets and liabilities not in foreign currencies are determined on fair value which translated into Ringgit Malaysia at the approximate rates of exchange ruling at the balance sheet date. Exchange differences arising from foreign currency are recognised in the income statement.

The principal closing rates used in translation of foreign currency amounts at the balance sheet dates are as follow:

2008 2007 RM RM

1 Dollar Singapore (SGD) 2.41 2.291 Euro (EuR) 4.88 4.93




m. Employee Benefits

Short Term Benefits

Wages, salaries, bonuses and social security contributions are recognized as an expense in the

year in which the associated sevices are rendered by employees of IRDA. Short term accumulating

compensated absences such as paid annual leave are recognized when services are rendered by

employees that increase their entitlement to future compensated absences. Short term non-

accumulating compensated absences such as sick leave are recognized when the absences occur.

Defined Contribution Plan

IRDA is required by law to make monthly contributions to Employees Provident Fund (“EPF”), a

statutory defined contribution plan for all its eligible employees based on certain prescribed rates

of the employees’ salaries. IRDA contributions to EPF are disclosed separately. The employee’s

contribution to EPF are included in salaries and wages.

n. Cash Flow Statement

IRDA adopts the indirect method in the preparation of the cash flow statement. Cash equivalents

comprise short-term, highly liquid investments with maturities of less than three months from the

dateofacquisitionandthatarereadilyconvertibletoknownamountofcashandwhicharesubject

to an insignificant risk of changes in value.



Furniture & Fittings, Office Motor Equipment & Verhicles Computer Renovation Total RM RM RM RM

OPERATING FUND:

COST

At 1 January 2008 659,190 747,830 535,459 1,942,479

Additions 228,082 1,563,464 2,516,331 4,307,877

Disposal - - - -

At 31 December 2008 887,272 2,311,294 3,051,790 6,250,356

ACCUMULATEDDEPRECIATION

At 1 January 2008 164,797 249,274 107,092 521,163

Additions 221,819 770,423 610,358 1,602,600

Disposal - - - -

At 31 December 2008 386,616 1,019,697 717,450 2,123,763

NET BOOK VALUE

At 31 December 2008 500,656 1,291,597 2,334,340 4,126,593

At 31 December 2007 494,393 498,556 428,367 1,421,316

DEPRECIATIONCHARGE FOR 2007 164,797 249,274 107,092 521,163

3. PROPERTY, PLANT AND EQUIPMENT



2008 2007 RM RM

OPERATING FUND:Government grant receivable - 6,000,000

Deposits 144,747 160,135

Prepayments 3,724 87,176

other receivables 258,260 41,955

406,731 6,289,266

SOCIAL PROjECTS FUND:

Interest receivables 26,072 -

26,072 -

Total 432,803 6,289,266

2008 2007 RM RM

OPERATING FUND:Cash in hand 9,050 9,000

Bank balances 20,108,576 1,131,697

20,117,626 1,140,697

SPECIAL DEVELOPMENT FUND:

Bank balances 186,968,225 -

186,968,225 -

SOCIAL PROjECTS FUND:

Deposits with licensed bank 50,744,980 -

50,744,980 -

Total 257,830,831 1,140,697

5. CASH AND CASH EQUIVALENTS

4. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS



2008 2007 RM RM

OPERATING FUND:other payables 7,626,799 7,243,143

Accruals 122,585 117,600

7,749,384 7,360,743

SPECIAL DEVELOPMENT FUND:other payables 63,320 -

63,320 -

Total 7,812,704 7,360,743

other payables comprise amounts outstanding for ongoing costs. The amounts owing are interest-free and have no fixed terms of repayment.

2008 2007 RM RM

As at 1 January / 12 February - -

Development grant received from Government 301,500,000 -

301,500,000 -

Interest income 2,567,799 -

304,067,799 -

Less: utilisation of development grant 117,162,895 -

As at 31 December 186,904,904 -

6. OTHER PAYABLES AND ACCRUALS

7. SPECIAL DEVELOPMENT FUND



2008 2007 RM RM

As at 1 January / 12 February - -

SocialProjectFundreceived 50,000,000 -

50,000,000 -

Interest income 771,052 -

As at 31 December 50,771,052 -

2008 2007 (12 months) (11 months) RM RM

OPERATING FUND: Government grants received 67,000,000 20,000,000

Government grants receivable - 6,000,000

67,000,000 26,000,000


OPERATING FUND: Tender fees 127,500 1,400

Interest income 185,268 -

312,768 1,400

8. SOCIAL PROjECTS FUND

9. GOVERNMENT GRANTS

10. OTHER INCOME



11. OPERATING EXPENSES


OPERATING FUND:The details of operating expenses areas follows:

Professional fees 7,157,125 1,217,942

Auditors’ remuneration 13,000 13,000

Board members’ allowances 264,000 230,000

Allowances-AICMembers&Advisory Council 273,581 129,000

Allowances - IRDA Exco 4,500 -

Rental expenses 1,391,095 582,989

Depreciationofproperty,plant&equipment 1,602,600 521,163

Donation 5,000 -

Staff costs - Salaries and allowances 11,207,097 3,684,877

- EPF 1,768,982 609,898

-SoCSo 37,590 6,280

- overtime 85,203 26,534

- Ex-Gratia 718,522 -

- Staff welfare 200 -

- Staff recruitment 136,360 448,767




OPERATING FUND:Marketing and promotions 21,902,008 15,589,502

Entertainment 69,020 9,232

Training and seminar 136,657 108,997

utilities charges 542,409 105,239 Website expenses 124,320 47,000

upkeep of office equipment,premises and motor vehicles 219,927 46,586

Printing and stationeries 446,241 92,569

Meeting expenses 89,986 184,145

Medical charges 5,484 3,205

Loss on foreign exchange 71 2,303

Insurance 453,356 79,410

Bank charges 13,719 4,734

Advertisement 763,889 42,892

General expenses 206,970 27,795

Quit rent 406 -

Security charges 39,690 -

Taxation fees 3,775 -

License and registration fees 8,700 17,400

Membership and professionalsubscriptions 4,229 2,944

Postage and courier 79,220 20,142

Accommodation and travelling 2,126,805 656,319

51,901,737 24,510,864

11. OPERATING EXPENSES (continued)


12. STAFF COSTS

14. OPERATIONAL COMMITMENT

13. INCOME TAX

15. COMPARATIVE FIGURES


OPERATING FUND:Staff costs 13,953,954 4,734,255

Included in staff costs are IRDA’s contributions to Employee Provident Fund of RM1,768,982 (2007: RM609,898).

2008 2007 RM RM

APPROVED AND CONTRACTED:Marketing and promotions 2,855,239 23,075,950

Branding - 1,500,000

Business plan and corporate strategy - 417,000

Consultancy and blueprint studies 10,459,599 -

13,314,838 24,992,950

IRDA has obtained tax exemption under Section 127(A) of the Income Tax Act, 1967. All income except for dividend income are exempted from tax beginning from year assessments 2007 until 2016.

Certain comparative figures have been re-classified so as to conform with the current year’s presentation.



110 111

Tom

orro

w


Tomorrow The Possibilities Are Endless

As a nerve centre of commerce, careers and comforts, Iskandar Malaysia attracts the best individuals from across the continents. Building upon the readily available pool of educated and skilled workforce, Iskandar Malaysia is poised towards sustaining the industries of today and tomorrow.

Growth Across The World

Wide interests and accelerated growth in Iskandar Malaysiaisasuresignofglobalsuccess–whereits

ideals would represent Asia and grow across the world offering the best in business and living.

A Landmark Of Tomorrow

The dynamic region of Iskandar Malaysia is quickly taking shape and has begun its destiny of becoming a global icon of social and economic livelihood that redefines the skyline of tomorrow.

Documents

ISKANDAR MALAYSIA IRDA ANNUAL REPORT 2008