#g-01, block 8 80200 johor bahru, johor, malaysia +607 233...

touching lives instilling values the journey continues...

Annual Report

#G-01, Block 8Danga Bay, Jalan Skudai80200 Johor Bahru, Johor, Malaysia

+607 233 3000 +607 233 3001 [email protected] Service Centre: 1 800 88 3010

www.iskandarmalaysia.com.my

Iskandar Regional Developm

ent Authority

Annual Report 2010 2010

building solid relationships

Achieving a unique symbiotic relationship between man and nature where

co-existence for both is equally important. We at IRDA will continue to

touch lives and instill values by constantly enhancing community living and

enriching lives in more ways than one.

Achieving a unique symbiotic relationship between man and nature where

touch lives and instill values by constantly enhancing community living and

experience new discoveries

Striving to excel through innovative approaches assures long-term success.

We at IRDA will continue to touch lives and instill values by remaining

steadfast and focused on establishing a knowledgeable society driven by

creativity and the passion to attain excellence.

Striving to excel through innovative approaches assures long-term success.

We at IRDA will continue to touch lives and instill values by remaining

steadfast and focused on establishing a knowledgeable society driven by

realising infinite potentials

A catalyst for businesses to achieve success whilst realizing the vast

opportunities derived both locally and globally. We at IRDA will continue to

touch lives and instill values by providing connectivity and state-of-the-art

technology at a metropolis designed for the future where businesses will

thrive well beyond the shores of limitations.

opportunities derived both locally and globally. We at IRDA will continue to

touch lives and instill values by providing connectivity and state-of-the-art

technology at a metropolis designed for the future where businesses will

gateway for growthAccelerating economic growth through the creation of a strategic path at the

southern most tip will allow for trajectory growth. We at IRDA will continue

to touch lives and instill values by being the preferred southern gateway that

will propel the nation’s economic growth and fulfill all aspirations in a new

era of excellence.

southern most tip will allow for trajectory growth. We at IRDA will continue

to touch lives and instill values by being the preferred southern gateway that

will propel the nation’s economic growth and fulfill all aspirations in a new

a sustainable futureEnvisioning on a promising future with great optimism and strategically positioning the

metropolis as one built for the future. We at IRDA will continue to touch lives and instill

values through sustainable development for a delicate balance between maximizing

business profitability whilst steadfastly ensuring the preservation of the environment as we

forge ahead towards exponential growth as well as to be known as a development built

today for tomorrow.

Envisioning on a promising future with great optimism and strategically positioning the

metropolis as one built for the future. We at IRDA will continue to touch lives and instill

values through sustainable development for a delicate balance between maximizing

business profitability whilst steadfastly ensuring the preservation of the environment as we

forge ahead towards exponential growth as well as to be known as a development built

Iskandar Regional Development AuthorityAnnual Report 2010 1

Annual Report 2010

touching lives. instilling values.the journey continues...

True achievements are not measured by the destinations reached…but their true values lie in what is achieved during the journey travelled.

And as we embark on another new and exciting journey…into an era of developing a Strong and Sustainable Metropolis of International Standing, we realize that everything achieved has in many more ways than one…touched the lives of the many all around us.

From the enhancement of community living to inspiring the creation of a knowledge based society, from being the catalyst for businesses to thrive whilst unlocking the potentials at the southern gateway, we will ensure environmental preservation and sustainable growth into the future for everyone close to us.

Our journey never ends. There will always be a new beginning as we are committed in making a difference to the lives of everyone…everywhere…everytime…in all that we set out to do.

Iskandar Malaysia & Iskandar Regional Development Authority (IRDA)04 Highlights of Achievements 201006 2010 Calendar of Major Events16 Economics Drivers for Growth18 The Economic Clusters19 Iskandar Regional Development

Authority20 Vision & Mission21 Shared Values

Co-Chairmen’s & CE’s Statements24 Co-Chairmen’s Statements28 Chief Executive’s Statement

Members of the Authority & Committees32 The Members of the Authority & Committees34 Member’s Profile37 The Advisory Council40 EXCO Members41 IRDA Committees

IRDA’s Organisation46 Senior Management Team53 Organisation Structure

On Track For Success56 Economics and Business60 Strategic Communications68 Infrastructure Development Projects72 Integrated Planning81 Social Development88 Human Capital Management90 Corporate Performance Management 91 IRDA Risk Management93 Information & Communications

Technology96 Iskandar Service Centre

Financial Report102 Statement of Corporate Governance103 Internal Controls & Compliance105 Annual Financial Review107 Certificate of the Auditor General108 Statement by the Members of IRDA109 Statutory Declaration110 Financial Statements

DISCLAIMER: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 the Malaysian Government or the State Government of Johor or any agencies thereof.

TABLE OF CONTENTS

ISKANDAR MALAYSIA& ISKANDAR REGIONAL DEVELOPMENT AUTHORITY (IRDA)

Iskandar Regional Development AuthorityAnnual Report 20104

Iskandar Malaysia Blueprints Six Blueprints completed;• RenewableEnergyMasterPlan• EnvironmentalPlanningBlueprint• ShorelineManagementPlan• TransportationBlueprint• DrainageandStormWater• RoadLayoutandDesign

Five more will be completed by Q1 2011... atotal of 21 Blueprints completed to date

Safety & Security • FocusonasaferIskandarMalaysia• 21propertiesgazettedas

Community Police Posts (CPPs) in 2010

• 13CPPsestablishedin2010

Road Projects• JalanKolamAirandJalanYahya

Awal Inner Ring Road completed 6 months ahead of schedule

Rivers & Drainage• 11drainageprojectsinRMK9were

completed• 5rivercleaningprojectscompletedin2010

HIGHLIGHTS ofACHIEVEMENTS2010

Public Transportation • Overall26%increaseinridershipfrom4,981permonth

in December 2009 to 84,795 in December 2010• 12RoadSafetyCampaignswerecarriedoutasplanned

Iskandar Malaysia & Iskandar Regional Development Authority (IRDA)Highlights of Achievements 2010


• Cumulativecommittedinvestments ofRM69.48billionwhichis148% per cent above target of RM47 billion for the period of 2006 - 2010 • IskandarMalaysia9Sector Investment Guides completed in Dec 10

Focused Investments • 6CareerFairsheldincollaborationwithJobsMalaysia • 5,000jobsonoffer,20,000visitorsand200employers • 50%successfulplacements • Pre-employment,re-skilling&up-skillingtraining programmes were completed in 2010

Human Capital Programmes• ASpecialProjectVehicle(SPV)was

formed in November 2010• The1stBoardmeetingwasheldon

8 November 2010

JB Transformation

• LocatedatDangaBayConventionCentre, it is a One Stop Interactive Information Centre formed to create and increase awareness on Iskandar Malaysia and showcasing its vision and mission

Iskandar Malaysia Information Centre • Earthworks:100%completedin

June 09 • TNBsubstation:100%completed on 28th Oct 10 • PublicHousinginLimaKedaiwillbe completed by Q2 2011

Public Housing • 100%successwithall90 participants out of hard-core poverty

1Azam

Iskandar Malaysia & Iskandar Regional Development Authority (IRDA)Highlights of Achievements 2010


Iskandar Malaysia & Iskandar Regional Development Authority (IRDA)2010 Calendar of Major Events

2010CALENDAR OF MAJOR EVENTS

6 February 2010VISIT BY OKSHIMA KOGYO GROUP (LED BY MR. OHSAMA, THE PRESIDENT OF OKHSHIMA KOGYO GROUP)Okshima Kogyo Group, an existing investor in Iskandar Malaysia, seeking potential business expansion and reinvestment in Iskandar Malaysia.

9 March 2010OPENING OF YAHYA AWAL FLYOVERYahya Awal Flyover was opened to members of the public 6 months ahead of schedule.

24 February 2010 VISIT BY THE AMBASSADOR OF FRANCE – HE DR. MARC BARETYA courtesy visit that has built stronger ties and collaboration between both countries

23 February 2010VISIT BY REPRESENTATIVES OF MINISTRY OF FINANCE (MOF) - Y.BHG DATO’ HJ NORZAM BIN MOHD NOR AND PN LAILA WATHIQAH JUDINAn update briefing to the Ministry of Finance on the progress development of RMK9, Public Housing and Bertam projects.

1 February 2010LAUNCH OF ISKANDAR MALAYSIA BUSAn initiative to improve accessibility and mobility of public transportation by injecting some 34 buses to ply 16 previously non-serviced routes in Iskandar Malaysia. 5 March 2010

ISKANDAR JOHOR OPEN 2009 CHEQUE PRESENTATIONKJ Choi, the Champion in the Iskandar Johor Open 2009 Golf Championship, donated all his prize money totalling USD87,000 or equivalent to RM293,500 to 6 Charity homes in Iskandar Malaysia.



10 March 2010VISIT BY MR. TAKESHI ISHII, THE FIRST SECRETARY OF JAPANESE EMBASSY IN MALAYSIAA courtesy visit by official from the Japanese Embassy to explore investment opportunities in Iskandar Malaysia.

25 and 26 March 2010 LAUNCHING OF JOBSMALAYSIA.COM CENTRE & CAREER FAIRIn support of the official launching of Jobsmalaysia.com center nationwide by the Prime Minister.

23 April 20106TH JOINT MINISTERIAL MEETING6th Joint Ministerial Meeting with Singapore counterparts on the progress of 5 joint workgroups on Immigration, Transportation, Tourism, Environment and Iconic Projects.

13 March 2010LAUNCHING OF COMMUNITY POLICE POST, TAMAN BESTARI INDAHThe launch of the first Community Police Post (CPP) in Taman Bestari Indah is among several efforts undertaken by IRDA under its Safety and Security Blueprint. The CPP is a form of community policing where police officers set up residence in the community. This is to make the living environment more conducive and attractive with the aim of reducing crime rates in residential areas by integrating police presence within the community.

5 April 2010HANDOVER KEYS TO ORANG ASLI KG SG. ARANGHandover house keys and certificates (graduation of BERTAM Projects) to Orang Asli at Kg Sg Arang, Gelang Patah.


15 May 2010 1AZAM OPEN DAY PROGRAMME1Azam programme was organised to eradicate hardcore poverty and to build a better life and standard of living for the low income households.

18 to 20 May 20106TH WORLD ISLAMIC ECONOMIC FORUM (WIEF)A collaborative event with Iskandar Investment Berhad (IIB) to aggressively promote and market Iskandar Malaysia to international participants from all over the world.

8 and 9 May 2010SUARA RASA TV9To create awareness and promote latest developments in Iskandar Malaysia.

24 and 25 April 2010ISKANDAR MALAYSIA CAREER FAIRTo provide avenue for jobseekers especially graduates, retrenched, unemployed, to seek betterjob opportunities in Iskandar Malaysia and in Johor. Various vacancies were made available from the 9 economic clusters; Creative Industries, Education, Electrical & Electronics, Financial Advisory & Consulting, Food & Agro, Healthcare, Tourism, Logistics & related Services, Petrochemicals and Oleo Chemicals.

1 and 2 May 20103RD ISKANDAR MALAYSIA OPEN DAYThe Iskandar Malaysia Open Day allowed IRDA to engage and reach out to stakeholders in various zones in Iskandar Malaysia, creating awareness and obtaining buy-in from them by showcasing Safety and Security, RMK 9 projects, Human Capital, Social Programmes, Blueprints and latest developments.

18 to 20 May 2010 CITYSCAPE ASIA, SINGAPOREIRDA’s participation in Cityscape Asia (Singapore), as the lead organization, was showcase Iskandar Malaysia as the place toInvest,Work,LiveandPlayinhelpingto achieve its vision to be a Strong and Sustainable Metropolis of International Standing. It was also to show continuous commitment and support to investors from Asia i.e. Singapore, China, Japan, South Korea and Vietnam and to our key partners.



22 May 2010LAUNCHING OF VIRTUAL PLATFORM IN ISKANDAR MALAYSIA SHOWCASEA project named “Reverse Diaspora”, launched by Khazanah Nasional, aimed to attract professional talents working abroad, including Malaysians, to work and reside in Iskandar Malaysia.

22 May 2010PRIME MINISTER’S VISIT TO ISKANDAR MALAYSIA PUBLIC HOUSINGThe objective of this project is to build 1,500 units of rental based public housing in Iskandar Malaysia, with improved public facilities for a condusive living environment.

4 to 6 June 2010BUG FEST 1MALAYSIA 2010IRDA participated in Bugfest 1Malaysia 2010 in support of Johor Tourism’s annual event to promote the love for vintage cars.

18 June 2010VISIT BY DATO’ SRI HISHAMMUDDIN BIN TUN HUSSEINDuring his visit, Dato’ Sri Hishammuddin Tun Hussein, Minister of Home Affairs was briefed on Safety and Security initiatives in Iskandar Malaysia.

9 and 10 June 2010ISKANDAR MALAYSIA INVESTOR’S DIALOGUEA briefing session with key partners, stakeholders and investors from 5 flagships on future plans and development in Iskandar Malaysia.



26 June to 4 July 2010OFFICIAL DECLARATION OF PASIR GUDANG LOCAL COUNCILIRDA participated in the Pasir Gudang Local Council exhibition for a week to increase level of awareness on the updates and development of Iskandar Malaysia to the local community in PasirGudang in conjunction with the official declaration of Pasir Gudang as local council. 31 July to 1 August 2010

ISKANDAR MALAYSIA 10s RUGBY CHALLENGE 2010A tournament co-organised with Johor Rugby Union.

30 July to 1 August 2010IPROPERTY.COM EXPO, KLCCUnder the umbrella of Iskandar Malaysia, IRDA together with it’s key partners showcased Iskandar Malaysia as the ideal destination toInvest,Work,LiveandPlaytothe community in Kuala Lumpur.

3 and 4 July 20104th ISKANDAR MALAYSIA OPEN DAY AND CAREER FAIRFlagship D (Pasir Gudang) was selected as the venue for the 4th Open Day as part of our engagement in reaching out to stakeholders and local population in an effort to create awareness on the progress and update developments in Iskandar Malaysia. This event coincides with the Official Declaration of Pasir Gudang as a Local Council.

22 to 27 June 2010MISTI 2010IRDA participated in MISTI 2010, an excellent platform to raise public awareness on current development and formulated project blueprints in Iskandar Malaysia.



5 August 2010JOHOR PREMIUM OUTLETS GROUND BREAKING CEREMONYJohor Premium Outlets, the first Premium Outlet Centre in South East Asia, is a portfolio of outlet shopping centers of finest brands in unique outdoor settings and offers impressive savings. Located at Indahpura, Kulai, Johor Premium Outlets is expected to be opened by end 2011.

5 August 2010MIDA TRADE MISSION TO SINGAPORETo promote Iskandar Malaysia and provide an in depth progress update of Iskandar Malaysia in the ‘Business Opportunity” seminar organised by IRDA.

5 to 7 August 2010PONTIAN LOCAL COUNCIL OPEN DAYAs part of stakeholder engagement to reach out to the local community in Pontian Johor, to create awareness and to showcase the latest development and progress in Iskandar Malaysia. This event was officiated by HRH Sultan Ibrahim Ismail ibni Almarhum Sultan Iskandar, Sultan of Johor.

3 August 2010VISIT BY SMK BANDAR TENGGARAIRDA and UEM Land jointly organised a field trip to Flagship B (Nusajaya) for 38 students from SMK Bandar Tenggara as part of the stakeholder programme to introduce Iskandar Malaysia to the youth.

7 and 8 August 2010CRIOCM 2010, IMREC(Chinese Research Institute of Construction Management)A conference jointly organised by IMREC and CIDB in support of construction development and property sector in Iskandar Malaysia.



20 September 2010JB RAYA OPEN HOUSEThis joyous event was organised to bring together key partners, stakeholders, investors and staff in appreciation of their support towards IRDA.

23 September 2010 KL RAYA OPEN HOUSEThe objective of this event was to bring key partners, local and foreign stakeholders, media and potential investors in Kuala Lumpur together in appreciation of their continuous support and to further strengthen ties in the spirit of this special and joyous occasion.

2 September 2010SINGAPORE BUSINESS FEDERATION TO ISKANDAR MALAYSIA This mission was targeted principally to update Singapore economic agencies on the latest developments in Iskandar Malaysia. This visit involved 119 participants and was led by Ms Edith Cheong, Assistant Executive Director of Singapore Business Federation.

29 September 2010COURTESY VISIT BY AFRICA HEAD OF MISSIONS TO IRDAThe mission was led by HE Ms Netsebe Kokome, High Commissioner of Lesotho, Africa. The group consisted of High Commissioners and Ambassadors from various cities in Africa.

23 August 2010VISIT BY Y.B. DATO’ S. DEVAMANY, DEPUTY MINISTER IN THE PRIME MINISTER’S OFFICEThe objective of this visit was to gain further knowledge and understanding on the plans and development in Iskandar Malaysia.



6 October 2010GLOBAL ENTREPOLIS @ SINGAPORE SUMMIT 2010 (GES SUMMIT 2010)IRDA participated in Global Entrepolis @ Singapore Summit 2010 in support of the 2010 Branding and Promotional exercise to promote Iskandar Malaysia as the ideal place to Invest, Work,LiveandPlaytointernationalmarkets.

23 and 24 October 2010IPROPERTY.COM EXPO, MARINA BAY SANDSA joint event between IRDA and Iskandar Investment Berhad to promote and showcase Iskandar Malaysia as an ideal destinationtoInvest,Work,LiveandPlay,toSingaporeans and international exhibitors.

16 October 2010BRIEFING AND DIALOGUE SESSION WITH STUDENTS FROM INSTITUTIONS OF HIGHER LEARNINGAn initiative organised by Human Capital to create education and career opportunities to undergraduates in Malaysia. 26 October 2010

VISIT BY MACAO ASEAN INTERNATIONAL CHAMBER OF COMMERCE (MAICC)An updated progress development of Iskandar Malaysia was presented, followed by site visit to Flagship Zone B.

14 to 17 October 2010ISKANDAR JOHOR OPEN 2010Iskandar Malaysia was the venue of the prestigious Iskandar Johor Open (IJO) once again in 2010. In its fourth consecutive year, the championship at the Horizon Golf and Country Club attracted an impressive line-up of international players. Sanctioned by the Asian Tour, the tournament reinforces the region into more than just an economic zone; it opens opportunities within the local tourism industry. IJO 2010 Champion Padraig Harrington proudly holding the Challenge Trophy presented to him by HRH Sultan Ibrahim Ismail ibni Almarhum Sultan Iskandar, Sultan of Johor.



9 November 2010THE WORLD WATER MONITORING DAYIRDAcollaboratedwithSyarikatAirJohor(SAJ)andMalaysianWaterAssociation(MWA)withtheaimtocreateawarenessandeducatemembers of the public on the importance of rivers to the life of society and protecting water resources around the world.

28 October 2010VISIT BY DIRECTORS OF NARCOTICS CRIME INVESTIGATION DEPARTMENT OF THE ROYAL MALAYSIA POLICEA familiarisation visit to Iskandar Malaysia with the objective to further strengthen the cooperation between IRDA and the Royal Malaysia Police on implementation of safety & security measures.

27 October 2010VISIT BY SWISS-ASIAN CHAMBER OF COMMERCEA courtesy visit by Mr. Patrick Kriesemer, Chairman of the Malaysian Committee, Swiss Asian Chamber of Commerce, to build stronger ties between the two countries.

26 October 2010BRIEFING SESSION WITH KAMPUNG SUNGAI DANGA RESIDENTS AND GRASSROOT LEADERSApproximately 80 grassroot leaders and residents of Kampung Sg. Danga were briefed on the development of coastal highway and it’s benefit to the people.

8 to 12 November 2010WORLD CONGRESS OF ACCOUNTANT (WCOA)IRDA’sparticipationatWCOA2010 in Kuala Lumpur assisted in developing and exerting values to sustain long term growth as well as identifying business and investment opportunities for Iskandar Malaysia. Among the benefits from our participation was gaining insights and first hand information from renowned business leaders as well as networking with the world’s leading financial experts.



4 December 2010VISIT BY TUN ABDULLAH BIN AHMAD BADAWITun Abdullah visited Iskandar Malaysia in conjunction of the 5 Economic Corridors Meeting organised by Unit Kerjasama Awam Swasta (UKAS).

27 November 2010VISIT BY UNIT KERJASAMA AWAM SWASTA (UKAS)A study visit to Iskandar Malaysia organised by Unit Kerjasama Awam Swasta (UKAS) to gain better insight of the progress development in various flagships.

15 November 2010ENGAGEMENT WITH JOHOR CONTRACTORS AND UPENJ LED BY Y.B. DATO’ MAULIZAN BIN BUJANG, JOHOR EXCOAn engagement with local contractors on the progress development of construction projects in Iskandar Malaysia.

20 November 2010ACCOUNTANT STUDENTS CONFERENCE (ASC)IRDA participated in Accountant Students Conference organised by UiTM Shah Alam with the objective to create awareness and to provide wide range of career opportunities available in Iskandar Malaysia.



ISKANDAR MALAYSIAECONOMIC DRIVERS FOR GROWTH

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.

Iskandar Malaysia is transforming the socio-economic landscape of Peninsular Malaysia’s southern state of Johor. An initiative of the Malaysian Federal Government and the Johor State Government, the 2,217 square-kilometer main southern development corridor is three times the size of Singapore and stands on record as the single largest development project ever to be undertaken in the region.

Malaysia has undergone tremendous economic transformation to be one of the fastest growing economies in the region. Iskandar Malaysia was conceived to secure the country’s competitiveness in a rapidly changing global economy.

As envisaged by the master-planners, Iskandar Malaysia would be a project ahead of its time, where living, entertainment and business would seamlessly converge in a vibrant and sustainable metropolis of international standing. A great deal of careful planning has also gone into ensuring that the development would be sustainable, taking into consideration the direct and indirect needs of its respective stake-holders.

Iskandar Malaysia & IRDAEconomic Drivers for Growth

FLAGSHIP AJB CITY CENTRE

• FinancialAdvisoryandConsulting• CulturalandUrbanTourism

FLAGSHIP BNUSAJAYA

• Education&MedicalTourism• Entertainment&Recreation• StateAdministration• FinancialAdvisoryandConsulting• Biotechnology

FLAGSHIP CWESTERNGATEDEVELOPMENT

• Logistics• RegionalDistribution,International

Procurement• OilstorageTerminals

FLAGSHIP DEASTERN GATE DEVELOPMENT

• Manufacturing(Electronics,petrochemicals, olechemicals etc)

• OilStorageTerminals• Education

FLAGSHIP ESENAI-SKUDAI

• Logistics• Manufacturing(esp.hightechand

aerospace related)• Tourism(LuxuryDestination

Shopping)• Cybercity


Iskandar Malaysia & IRDAEconomic Drivers for Growth

As part of the Indonesia-Malaysia-Singapore Growth Triangle, Iskandar Malaysia’s strategic location and proximity to some of the world’s most dynamic economies is a key differentiating factor for the development.Locatedatthecross-roadsoftheimportantEast-Westtraderoutes,itismid-waybetween the region’s two economic power-houses, China and Japan.

Easily accessed by air, land and sea, the development also enjoys a standard of living comparable to some of the region’s more developed economies, but at a much lower cost. Other advantages include a multi-lingual and educated work-force and a vast land-bank for any future development.

It is also positioned as an international metropolis to decrease trade barriers and increase human mobility. Iskandar Malaysia has also been identified as one of the projects that can obtain financing under a Facilitation Fund provided under the Tenth Malaysia Plan and this is manifestation of clear political will to make the development a Malaysian success story.

Since its official launch in November 2006, the vision of Iskandar Malaysia has been taken off the drawing board and is rapidly being transformed into a next generation metropolis. Iskandar Malaysia has become a powerful brand name that resonates across investment communities all over the world.

WithPhase1(2006-2010)justcompleted,acriticalmasshasbeenestablishedwiththetimelydeliveryof major infrastructure and several iconic investment projects. Iskandar Malaysia has now progressed into Phase 2 of the Comprehensive Development Plan.

Flagship AJohor Bahru City Centre

Flagship B Kota Iskandar, Nusajaya

Flagship C Port of Tanjung Pelepas

Flagship D Johor Port, Pasir Gudang

Flagship ESenai International Airport


THE ECONOMIC CLUSTERS

CATALYSTS FOR GROWTHIskandar Malaysia had been identified as one of the key catalysts and high-impact developments under the Ninth Malaysia Plan 2006-2010.

The Comprehensive Development Plan (CDP), launched by the Malaysian Prime Minister on 4 November 2006, provides a framework for the comprehensive development of Iskandar Malaysia in a holistic and sustainable fashion, placing emphasis on creating a healthy investment climate that is attractive to local and foreign investors.

Under a cluster development approach adopted by the CDP, nine major economic clusters have been identified to spearhead and fast-track the development of the corridor.

Growth will be led by the services and manufacturing sectors:

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

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

THE ASPIRATIONS

2005 2025 (Projected)

Population Size 1.4 3.0(million)GDP (PPP) in 20.0 93.3USD (billion)GDP per capital 14,790 31,100(PPP) in USDEmployment 0.61 1.27(million)

Source: The Comprehensive Development Plan 2006-

2025 and updated as per IRDA’s latest projections

To achieve these aspirations, Iskandar Malaysia would need to generate sufficient momentum by sustaining a GDP growthof8.0%annuallyuptotheyear2025.

A total investment of RM382.0 billion (USD115.7 billion) would be required over the 20-year period.

TOTAL INVESTMENTYEAR TARGET

2006- 2010 RM47.0 billion2011-2015 RM73.0 billion2016-2020 RM107.0 billion2021-2025 RM155.0 billion

Source: The Comprehensive Development Plan 2006-2025

The target for Phase 1 has already been achieved, with total aggregate, domestic and foreign investments amounting to RM69.48 billion, which surpasses by 148%.

The 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: RM3.42 has been used throughout the report (Source: Bank Negara Malaysia’s published rate on 31 December 2009)

Iskandar Malaysia & IRDAThe Economic Clusters

ISKANDAR REGIONALDEVELOPMENT AUTHORITY

Following the official launching of Iskandar Malaysia in November 2006, IRDA was set up on February 2007 by a Federal Act of Parliament known as the Iskandar Regional Development Authority Act 2007. As a Federal Government statutory body, IRDA plays a pivotal role in the development of Iskandar Malaysia.

The IRDA Act 2007 spells out its functions and responsibilities in relation to establishing national policies, directions and strategies for the development of the corridor.

The core functions and primary roles of IRDA can be summarised as follows:

PLANNING

• Integratingandrecommendingplanning policies of the key partners, Federal State government and other agencies to advance and realise the vision of Iskandar Malaysia

• Identifyinganddevelopingstrategies to enhance infrastructure, skills, science and technology research for the development of Iskandar Malaysia

PROMOTION

• Servingasthebrandguardianof Iskandar Malaysia as an investment hub

• ProvidingConsultancyandinformation on investment support in Iskandar Malaysia

• WidepromotionofIskandarMalaysia is to the general public and potential investors in both local as well as international markets

FACILITATION

• Monitoringandaligningsectordevelopments and required enablers in line with Iskandar Malaysia Vision

• Actingastheprincipalcoordinating agent on behalf of relevant Government agencies for the processing and expediting of requisite approvals for investors

• Assistexistinginvestorsintheresolution of issues affecting their business environment.

Iskandar Regional Development Authority Head Office at Danga Bay


IRDA’SVISION &MISSION

MISSION• Wearecommittedtoexceedingourcustomers’

expectations• Weadvocatebestpracticesthroughpartnerships&

seamless delivery• Weenhancecommunityandindividual’swell-being• Wecareaboutournaturalenvironment• Wevalueouremployees

VISIONTo create Iskandar Malaysia as the first choicetoInvest,Work,LiveandPlay.

Iskandar Malaysia & IRDAIRDA’s Vision & Mission

WORKINVEST


• INTERNATIONALSTANDING Wemustbenchmarkagainstothersustainableworldclassorganizations

in-terms of the Iskandar Malaysia’s vision, our mindset, displaying the right behaviours and deploying international standard best practices

• INTEGRITY Weupholdintegritybydoingtherightthingethicallyandprofessionally,

regardless of job security or popularity and without fear of scrutiny

• ENGAGE Wearefullycommittedinengagingwithstakeholderswithhumility,

assertiveness and intelligence to achieve effective and continuous communication at all times

• ENVISION WehavetheforesighttodriveIskandarMalaysia’svisionthroughexemplary

leadership, innovativeness and pro – activeness whilst being relevant and sensitive towards our environment and stakeholders

• ENABLE Westriveforstrongcollaborationswithpartners,stakeholdersandespecially

investors to facilitate achievement of desired results and outcome

Iskandar Malaysia & IRDAShared Values

PLAYLIVE

SHARED VALUES

24 CO-CHAIRMEN’S STATEMENTS28 CHIEF EXECUTIVE’S STATEMENT

CO-CHAIRMEN’S & CHIEF EXECUTIVE’S STATEMENTS


Co-Chairmen’s & Chief Executive’s StatementsPrime Minister of Malaysia

CO-CHAIRMEN’S STATEMENTS

Dato’ Sri Mohd Najib bin Tun Abdul Razak

Co-Chairman, IRDA,

Prime Minister of Malaysia


Iskandar Malaysia has made exceptional progress over the past year, and it gives me great pleasure and great pride to share with you the details of what has been achieved.

2010 was a turbulent year for the global economy, but Iskandar Malaysia stayed the course. Now, four years after the project began, our ambitious vision is becoming a reality, with major infrastructure beginning to take shape on the ground.

As the Comprehensive Development Plan moves ever forward, investors are displaying increasing confidence. As of December 2010 we had a total cumulative committed investment of just under RM70 billion, almost 50 per cent above target.

And foreign investment makes up 42 per cent of that total, showing that what we are building in the south of the peninsula is an iconic development not just for Malaysians but for people all around the world.

So 2010 has been a year of achievement, but the outlook for the years to come is brighter still. 2011 marks the start of the “Tipping Point” of Iskandar Malaysia, during which key infrastructure and major iconic projects will be completed and delivered.

I have every confidence this target will be met - with building work progressing rapidly, the potential of Iskandar Malaysia is clear for all to see. But this project is not just about attracting big investors. 2011 also represents the perfect time for local communities to get involved and find out how they can play a part and make a contribution.

Because everyone who is involved with Iskandar Malaysia, cannot help but be influenced by the belief and commitment that has made possible its journey from a concept on a drawing board in Putrajaya to the hills and valleys of Johor.

The way in which this has been achieved is a credit to all involved, with multiple agencies, authorities and private sector bodies working together and embodying the spirit of 1Malaysia. They are delivering for the good of the nation and giving life to the concept of “People first, Performance now”.

I would like to extend my sincere thanks to the Chief Executive of Iskandar Regional Development Authority, the Members of Authority, the management and staff. None of what we have achieved so far could have happened without their tireless efforts in facilitating and promoting Iskandar Malaysia both at home and abroad.

This includes the various Government agencies, both Federal and State, for their commitment, dedication and collaborative efforts in ensuring the success of this project.

Withthis,Iampleasedtopresenttoyou,together with my Co-Chairman, Dato’ Haji Abdul Ghani bin Othman, the Iskandar Regional Development Authority Annual Report for the year ending 31 December 2010.

Dato’ Sri Mohd Najib bin Tun Abdul RazakCo-Chairman, IRDA,Prime Minister of Malaysia

Co-Chairmen’s & Chief Executive’s StatementsPrime Minister of Malaysia

“ We will also enter Phase 2 of the Comprehensive Development Plan, aiming for RM73 billion of investment between now and 2016.”


Co-Chairmen’s & Chief Executive’s StatementsChief Minister of Johor

CO-CHAIRMEN’S STATEMENTS

Dato’ Haji Abdul Ghani bin Othman

Co-Chairman, IRDA,

Chief Minister of Johor


I am pleased to note that Iskandar Malaysia development is rapidly takingshape in 2010, with projects being fast-tracked and realized, despite a difficultstart coming out from the 2009 global financial instability.

More importantly, realization of these projects will spur further domesticinvestments and open up employment opportunities that will benefit communities within Iskandar Malaysia and the surrounding areas.

The role of Iskandar Malaysia One Stop Centre in facilitating interactions between State and Federal agencies has also been the key in managing investors’ expectations and ease the process of doing business here.

In 2010, we are witnessing the completion and deliveries of final stages of infrastructure connectivity, the final stage of best-in-class public housing projects, 16 social routes of Bus Iskandar Malaysia, and the creation of more than 20,000 job opportunities.

My heartfelt appreciation goes to the Authority Members, the participatingFederal, State and Local agencies, as well asallWargaIRDAfortheirunrelentingcommitment to the success of Iskandar Malaysia.

As Menteri Besar of Johor and Co-Chairman of IRDA, I am extending mygratitude to the Prime Minister of Malaysia and Co-Chairman of IRDA, Dato’ Sri Mohd Najib bin Tun Abdul Razak for his guidance and support.

Withthis,IampleasedtopresenttheIskandar Regional Development AuthorityAnnual Report for the year ending 31 December, 2010.

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

Co-Chairmen’s & Chief Executive’s StatementsChief Minister of Johor

“Implementation of SME development programmes and the exemplary result of 1AZAM are further incentive for us to continue reaching out to the Rakyat in a consistent manner to ensure that everyone participates and benefits from the success of Iskandar Malaysia.”


Co-Chairmen’s & Chief Executive’s StatementsChief Executive, IRDA

CHIEF EXECUTIVE’S STATEMENT

Ismail bin Ibrahim

Chief Executive, IRDA


Strategically in 2010, IRDA’s team have been focused with instilled management values to advance and make significant steps to reach out and communicate Iskandar Malaysia as market focused, community sensitive and geared to developments through sustainable investment and growth.

Wearefortunatethatthechanginglandscape of Malaysia – Singapore ties and ASEAN collaboration has opened new doors for new business opportunities, testing a new win – win competitive collaboration, pushing boundaries and developing business as unusual.

Withalltheotherpriorities,IRDAisdetermined that the Safety and Security 2010 mobilization will laser focus in reduction of crime rate providing comfort and confidence.

Webelievethat2010markedaconsolidation period, as we arrived at the completionofPhase1oftheCDP.Weleveraged on Iskandar Malaysia’s strong recognition to increase the Rakyat’s appreciation, creating strong positive values and news.

As stated earlier there has been good progress on many fronts and we will continue to push and achieve expectations. I would like to thank the team at IRDA for their dedication and commitment in leading and implementing all projects during this period of importance.

I also thank my friends and colleagues, respective industry partners, Federal, State and Local Government agencies, who have collaborated admirably to meet the desired deliverables.

The pages of this annual report highlight only a handful of their remarkable stories of service and collaborations.

On that note, on behalf of warga IRDA, I would like once again to record our special recognition and gratitude to the Prime Minister and Chief Minister as focal points of authority and guidance as Co-Chairmen of the MOA, recognizing the importance of our work and true to the vision of Iskandar Malaysia as A Strong and Sustainable Metropolis of International Standing.

Ismail bin IbrahimChief Executive, IRDA

Co-Chairmen’s & Chief Executive’s StatementsChief Executive, IRDA

“We leveraged on our location and collaborated with our partners to ensure our core sectors and focus service sectors received attention.”

32 THE MEMBERS OF THE AUTHORITY & COMMITTEES34 MEMBER’S PROFILE37 THE ADVISORY COUNCIL40 EXCO MEMBERS41 IRDA COMMITTEES

THE MEMBERS OF THE AUTHORITY & COMMITTEES


Seating from Left to Right:

Standing from Left to Right:

The Members of the Authority & CommitteesThe Members of the Authority & Committees

ISMAIL BIN IBRAHIM

DATO’ SRI DR. ALI BIN HAMSA (rep DATUK NORIYAH BINTI AHMAD)

TAN SRI DATO ’ AZMAN BIN HAJI MOKHTAR

TAN SRI DATO’ TAN KAY HOCK

DATO’ HAJI ABDUL LATIFF BIN YUSOF

TAN SRI DR. WAN ABDUL AZIZ BIN WAN ABDULLAH

DATO’ HAMSAN BIN SARINGAT

DATO’ SRI MOHD NAJIB BIN TUN ABDUL RAZAK DATO’ HAJI ABDUL GHANI BIN OTHMAN


THE MEMBERS OFTHE AUTHORITY & COMMITTEES

The Iskandar Regional Development Authority was established by an Act of Parliament, Iskandar Regional Development Authority Act 2007. Section 4 of the Act states that the objective of IRDA is to develop the 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 Iskandar Malaysia and other functions in connection therewith.

The Authority is co-chaired by the Prime Minister of Malaysia and the Chief Minister of Johor. The other six members of the authority comprise 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.

MEMBERS OF THE AUTHORITYThe Authority is assisted by an Executive Committee (EXCO) which consists of six (6) Members appointed by the Authority. The day-to-day administration of IRDA is entrusted to the Chief Executive. The Authority met twice, in April and November in the year under review, 2010. There are eight members in total.

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

The Co-Chairmen• Dato’SriMohdNajibbinTunAbdulRazak Prime Minister of Malaysia

• Dato’HajiAbdulGhanibinOthman Chief Minister of the State of Johor,

Malaysia

Two Representatives from Federal Government• TanSriDr.WanAbdulAzizbinWan

Abdullah Secretary-General, Treasury, Ministry of

Finance• DatukNoriyahbintiAhmad Director-General, Economic Planning

Unit, Prime Minister’s Department• Dato’SriDr.AlibinHamsa Director General, Public Private

Partnership Unit (3PU) (Rep. to Datuk Noriyah binti Ahmad)

Two Representatives from Johor State Government• Dato’HajiAbd.LatiffbinYusof State Secretary, State Government,

Johor• Dato’HamsanbinSaringat Director, State Economic Planning Unit

(UPEN), Johor

Two Professional Representatives• TanSriDato’AzmanbinHajiMokhtar Managing Director, Khazanah Nasional

Berhad• TanSriDato’TanKayHock Chairman and Chief Executive, Johan Holdings Berhad

Secretary• IsmailbinIbrahim Chief Executive, IRDA

The Members of the Authority & CommitteesThe Members of the Authority & Committees


DATO’ SRI MOHD NAJIBBIN TUN ABDUL RAZAKDato’ Sri Mohd Najib bin Tun Abdul Razak is the Prime Minister of Malaysia and Minister of Finance. Prior to the premiership, Dato’ Sri Mohd Najib was the Deputy Prime Minister of Malaysia since 2004. He was appointed twice as the Minister of Defence from 1990 to 1995 and from 1999 to 2008.

Other cabinet ministerial posts held were Minister of Education (1995–1999), Minister of Youth and Sports (1987–1990) and Minister of Culture, Youth and Sports (1986–1987). He also served as Chief Minister of Pahang from 1982 to 1986.

Prior to that, he was the Deputy Minister of Finance (1981–1982), Deputy Minister of Education (1980–1981) and Deputy Minister of Energy, Telecommunications and Posts (1978–1980). Dato’ Sri Mohd Najib pursued his tertiary education at the University of Nottingham, UK where he graduated in 1974 in industrial economics.

DATO’ HAJI ABDUL GHANIBIN OTHMANDato’ Haji Abdul Ghani is the Chief Minister of the State of Johor, a position that he has held since 1995. Dato’ Haji Abdul 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’ Haji Abdul Ghani was a Colombo Plan scholar and graduated with 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.

TAN SRI DR. WAN ABDUL AZIZBIN WAN ABDULLAHTanSriDr.WanAbdulAzizistheSecretary-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 thealternateExecutiveDirector,WorldBankGroup,WashingtonDC,USA(onsecondment 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 RetirementTrustFund(KWAP),MISCBerhad, Inland Revenue Board, Malaysia Airlines System Berhad and Petroliam Nasional Berhad, to name a few.

TanSriDr.WanAbdulAzizgraduatedwitha Bachelor of Economics (Hons) in Applied Economics from the University of Malaya. He pursued his Master’s in Philosophy (Development Studies) at the University of Sussex, UK and later his Ph.D (Business Economics) from the University of Leeds, UK.

MEMBER’S PROFILE

The Members of the Authority & CommitteesMember’s Profile


DATUK NORIYAH BINTI AHMADDatuk Noriyah is the Director-General of the Economic Planning Unit (EPU) of the Prime Minister’s Department.

Prior to her appointment in June 2009, Datuk Noriyah held the positions of Deputy Director-General (2005–2009) and Senior Director (2003–2005) of the Economic Planning Unit.

Before that, she served in the Ministry of Energy, Communications and Multimedia from 1998 to 2003, and in the Ministry of Domestic Trade and Consumer Affairs from 1993 to 1998.

Datuk Noriyah holds a Degree in Applied Economics (Hons) from the University of Malaya and a Degree in Development Economics from the University of Kent, UK.

DATO’ SRI DR. ALI BIN HAMSADato’ Sri Dr. Ali is the Director General of the newly established Public Private Partnership Unit (3PU) in the Prime Minister’s Department. At 3PU, Dato’ Sri Dr. Ali is responsible for privatisation and private finance initiative projects, public private partnerships, facilitation funds, regional development through Corridor initiatives and energy projects implemented by independent power producers. Prior to that, he served in various positions in a number of public sector agencies including the Ministry of International Trade and Industry, Ministry of Transport, INTAN and the Economic Planning Unit from 1981 to April 2009.

Dato’ Sri Dr. Ali is also actively involved in the development of various statutory bodies in his capacity as a board member. These include the Penang Port Commission, Energy Commission and Johor Corporation (JCorp).

Dato’ Sri Dr. Ali graduated from the University of Malaya in 1979 with a Bachelor of Arts (Hons) degree. In 1986, he obtained a Master in Science (Economics) from Oklahoma State University, USA, and a Ph.D. in Environmental Economics in 1997 from the same University.

DATO’ HAJI ABDUL LATIFFBIN YUSOFDato’ Haji 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’ Haji 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’ Haji Abdul Latiff holds a Bachelor of Arts Degree from the University of Malaya.

DATO’ HAMSAN BIN 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–December 2004). Dato’ Hamsan began his service in the Johor Civil Service in 1976 and has been serving the Johor State Government for 30 years.

Dato’ Hamsan holds a Bachelor of Economics Degree (Hons) from the University of Malaya.



MEMBER’S PROFILE TAN SRI DATO ’ AZMANBIN HAJI 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 Bhdand 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 Master’s of Philosophy in Development Studies from Darwin College, Cambridge University, UK. 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.

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, UK 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.


ISMAIL BIN IBRAHIMIsmail bin Ibrahim joined IRDA on 1 January 2010 as Chief Executive. Born in Muar, he received his early education at the Malay College, Kuala KangsarandlaterattheHeriot-WattUniversityin Edinburgh, Scotland majoring in town planning. In 1990, he was awarded the British Council Fellowship to specialise in Planning Law at Newcastle University in England.

He joined the Malaysian Civil Service in 1983 and is registered with the Board of Town Planners. In February 2006, he was seconded to Khazanah Nasional Berhad as the Senior Vice President of Special Projects and the following year, he was seconded to Iskandar Regional Development Authority (IRDA) as the Senior Vice President. He was appointed as the first Federal Commissioner for the Authority in October that same year and member of the Approval and Implementation Committee (AIC).

He is a Board Member of the Board of Town Planners Malaysia, Vice President of the Malaysian Institute of Planners (MIP), Board MembertotheBadanWarisanMalaysiaandamember of Harvard Business School alumni.

He is also a member of the Malaysia Singapore Business Council, an Exco member of the National Biotechnology Implementation Council, an Advisory Board Member of the Iskandar Malaysia UTM Research Centre(IMREC) and Committee member of the Johor State Town Planning Department.


THE ADVISORYCOUNCIL

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 theposition 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.

MEMBERS OF THE ADVISORY COUNCIL

TUN MUSA BIN 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), Deputy Minister of Trade & Industry, Ministry of Primary Industries 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 Organisation (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 WorldIslamicEconomicForum,Chairmanof 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 the University of Malaya, a Master’s Degree from the University of Sussex, UK and is a Fellow at the CFIA, Harvard University, USA.

He also holds Honorary Doctorates from the University of Sussex, UK; University Malaysia Sabah and the University of 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.

The Members of the Authority & CommitteesThe Advisory Council


TAN SRI SAMSUDIN BIN OSMANTan Sri Samsudin is presently the Chairman of the Employee Provident Fund and the President of Putrajaya Corporation. Tan Sri Samsudin has 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 Bachelor of Arts (Hons) and a Diploma in Public Administration from the University of Malaya and a Master’s Degree in Public Administration from Pennsylvania State University, USA.

TAN SRI KISHU TIRATHRAITan 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 the University of Bath, UK.


THE ADVISORYCOUNCIL



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 incommodity 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.

DATUK SERI PANGLIMA ANDREW L.T. SHENGDatuk Seri Panglima Andrew is presently the Chief Advisor to the China Banking Regulatory Commission and a board member of the Qatar Financial CentreRegulatory Authority and Sime Darby Berhad, Malaysia.

He is also Adjunct Professor at the Graduate School of Economics and Management, Tsinghua University, Beijing, China PRC and the University of Malaya.

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

Datuk Seri Panglima 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 theDeputy Chief Executive responsible for the Reserves Management and External Affairs Department in Hong Kong Authority.

Between 1989 and 1993, he was Senior Manager of the Financial Sector DevelopmentDepartment,WorldBank.From 1976 to 1989, he held various positions with Bank Negara Malaysia, including Chief Economist and Assistant Governor in charge of Bank and Insurance Regulations.

Datuk Seri Panglima 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 theInternational Organisation of Securities Commissions (IOSCO). He currently chairs the annual OECD.


EXCO MEMBERS

Dato’ Haji Abdul Ghani bin OthmanChief Minister of Johor

Dato’ Haji Abd. Latiff bin YusofState Secretary of Johor

Tan Sri Dr. Wan Abdul Aziz bin Wan AbdullahSecretary-General, Treasury,Ministry of Finance

Ismail bin IbrahimChief Executive, Iskandar Regional Development Authority

Hilmi bin Mohd NashirChief Operating Officer, Iskandar Regional Development Authority

Dr. Nungsari bin Ahmad RadhiExecutive Director,Research and Investment Strategy,Khazanah Nasional Berhad

CHAIRMAN

MEMBERS

Datuk Noriyah binti AhmadDirector-General,Economic Planning Unit (EPU)

The Members of the Authority & CommitteesExco Members


IRDA COMMITTEES MALAYSIA-SINGAPORE JOINT MINISTERIAL COMMITTEE (JMC)

Members of the JMC are :

CO-CHAIRMEN• TanSriNorMohamed bin Yakcop Minister in the Prime Minister’s

Department, Malaysia• Mr.MahBowTan Minister, Ministry of National

Development, Singapore

MEMBERS• Dato’HajiAbdulGhani bin Othman Chief Minister of Johor, Malaysia• Mr.RaymondLim Minister, Ministry of Transport,

Singapore

JOINT SECRETARIES• Dato’SriDr.AlibinHamsa Director General, Public Private Partnership Unit, (3PU) Prime Minister’s Department, Malaysia• IsmailbinIbrahim Chief Executive, IRDA• Ms.ChangHweeNee Deputy Secretary, Ministry of National Development,

Singapore

NOTABLE ACHIEVEMENTS 2010Several concrete areas of progress had been achieved from the bilateral co-operation namely, an increase of traffic at the Second Link due to the reduction in toll charges since 1 August 2010 and a significant increase of Malaysia Automated Clearance System (MACS) users to more than 30,000 for the first 10 months of 2010.

In the May 2010 meeting between Prime Minister Lee Hsien Loong and Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak, both Prime Ministers agreed to jointly develop a Rapid Transit System (RTS) Link between Singapore and Iskandar Malaysia.

Both parties agreed to carry out a joint engineering study to determine the technical parameters for the RTS Link in order to achieve a convenient and cost effective system that is well integrated with transport services on both sides.

They also agreed to set up a co-located Customs, Immigration and Quarantine (CIQ) facility in Singapore and in Johor so that commuters need to clear Immigration only once for each way of travel.

The Members of the Authority & CommitteesIRDA Committees

7th JMC meeting held at Kota Iskandar was on

1 December 2010


It was also agreed that Khazanah Nasional Berhad and Temasek Holdings (Private) Limited will form a 50-50 joint venture company to undertake the development of the iconic wellness township project in Iskandar Malaysia. They are actively discussing and working out a commercially viable proposal for the township.

A new framework for cross-border sharing of information on lost and stolen passports has also been put in place to enhance border security. Officials from both sides have continued to collaborate on tourism promotion and development and river cleaning, and will continue to share experiences in other environmental issues such as air quality management.

APPROVALS & IMPLEMENTATION COMMITTEE (AIC)

Pursuant to AIC roles and functions, the following was established:

AIC is chaired by Dato’ Haji Abdul Ghani bin Othman, Chief Minister of Johor and members consist of representatives from federal and state agencies.

CHAIRMAN• Dato’HajiAbdulGhanibinOthman-

Chief Minister of Johor, Malaysia

MEMBERS• IsmailbinIbrahim–ChiefExecutive,

IRDA• SeniorRepresentative–Ministryof

Finance• SeniorRepresentative–Companies

Commission of Malaysia (CCM)• SeniorRepresentative–Ministryof

Home Affairs• SeniorRepresentative–Ministryof

International Trade & Industry (MITI)• SeniorRepresentative–Ministryof

Natural Resources & Environment• SeniorRepresentative–Malaysian

Industrial Development Authority (MIDA)

• SeniorRepresentative–EconomicPlanning Unit (EPU), Prime Minister’s Department

• SeniorRepresentative–PublicPrivatePartnership Unit (3PU)

• SeniorRepresentative–StateEconomic Planning Unit (UPEN), Johor

• StateDirectorofDepartmentofLandsand Mines, Johor

• StateTown&CountryPlanningDirector, Johor

• IRDAFederalCommissioner• IRDAStateCommissioner• Presidentsofalllocalcouncilsin

Iskandar Malaysia, Johor - Mayor of JB City Council, Johor - District Officer of JB Tengah Town

Council, Johor - District Officer of Pasir Gudang

Town Council, Johor - District Officer of Kulaijaya Town

Council, Johor - District Officer of Pontian District

Council, Johor

SECRETARYAmerul Muner bin Mohammad

SECRETARIAT• IskandarServiceCentre,IRDA

ISKANDAR INCENTIVES COMMITTEE• Tofurtherenhancetherolesand

functions of IRDA, the committee is chaired by the Chief Executive of Iskandar Regional Development Authority (IRDA) and its permanent members from MOF, MIDA and MITI.

It serves a dual-purpose:

a. To evaluate and recommend to the Minister of Finance, applications for Approved Developer, Approved Development Manager and IDR Status Companies to Medini.


IRDA COMMITTEES

JMC members being briefed on development progress in Nusajaya


b. To evaluate and recommend to the Minister of Finance, applications for customised fiscal incentives for investors outside Medini.

Among other things, AIC had approved the proposed guidelines to facilitate, streamline and standardise timelines for approval processes with five Local Councils (PBT’s) within Iskandar Malaysia. This resulted in a Service Level Agreement (SLA) with them for a 30-day approval process for all development applications through the Iskandar Service Centre (ISC). AIC had also approved a number of blueprint for Iskandar Malaysia.

THE SOCIAL DEVELOPMENT COMMITTEE (SDC)

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

Chaired by the Co-Chairman of the Authority, the Chief Minister of Johor, the members of the SDC 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’HajiAbdulGhanibinOthman–

Chief Minister of Johor

MEMBERS• DatukAb.RahimbinMd.Noor Secretary General Ministry of Higher Education• Dato’AhmadbinHjKabit Secretary General Ministry of Housing and Local

Government• Dato’HajiAbd.LatiffYusof State Secretary of Johor• Dato’HamsanbinSaringat Director State Economic Planning Unit • IsmailbinIbrahim Chief Executive Iskandar Regional Development

Authority • TuanHajiMohdAzambinAbid Director State Town & Country Planning

Department• EncikNorRizanbinMohdThani State Development Officer State Development Office • TanSriDato’AzmanbinHjMokhtar Managing Director Khazanah Nasional Berhad• TuanHajiKamaruzzaman bin Abu Kassim Chief Executive Officer Johor Corporation• DatukDr.RebeccaFatimaStaMaria Secretary General Ministry of International Trade &

Industry• Dato’Dr.NoorulAinurMohdNur Secretary General MinistryofWomen,Familyand

Community Development

• Dato’AbdJabarbinCheNai Secretary General (Social) Ministry of Rural and Regional

Development

JOINT SECRETARIES• SocialDevelopmentDivision,IRDA• StateEconomicPlanningUnit(UPEN),

Johor

SOCIAL PROJECT FUND COMMITTEE (SPF)

The Social Project Fund Committee 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(former

State Secretary of Johor)

MEMBERS• Dato’HajiAbd.LatiffbinYusof–State

Secretary of Johor• Dato’HamsanbinSaringat–Director,

State Economic Planning Unit (UPEN), Johor

• IsmailbinIbrahim–ChiefExecutive,IRDA

• Dato’GhazalibinMohdAli–ManagingDirector, Boustead Group (Private Sector Representative)

SECRETARY• SocialDevelopmentDivision,IRDA


46 SENIOR MANAGEMENT TEAM53 ORGANISATION STRUCTURE

IRDA’SORGANISATION


IRDA’s OrganisationSenior Management Team

SENIOR MANAGEMENT TEAM

From Left to Right

Ismail bin IbrahimChief Executive

Hilmi Mohd bin NashirChief Operating Officer

Misran bin BasirFederal Commissioner

Dr Badrul Hisham bin KassimState Commissioner

From Left to Right

Nor Hisham bin Mohd YusofHead, Corporate Services

Nor Hisham bin HusseinHead, Social Development

Rugayah Yasmin binti IbrahimHead, Human Capital Management(Effective July 2010)

Zainol Rashid bin ZainuddinHead, Technical & Projects



From Left to Right

Amerul Muner bin MohammadHead, Legal & Secretarial

Mohammad Ismail bin Hj IbrahimHead, Iskandar Service Centre

Safuan bin YusofChief Information Officer

From Left to Right

Hanizah binti MuhammadHead, Internal Audit

Ungku Harun Al-Rashid bin AhmadHead, Human Capital Management(Resigned July 2010)

Zaini binti LongHead, Strategic Communications

From Left to Right

Mohd Yazid bin JaafarHead, Economics & Business

Engku Ahmad Kamel bin Engku TaibHead, Corporate Performance Management

Mohamad bin Sa’elalHead, Integrated Planning



ISMAIL BIN IBRAHIMChief ExecutiveIsmail joined IRDA on 1 January 2010 as Chief Executive. Born in Muar, he received his early education at the Malay College, KualaKangsarandlaterattheHeriot-WattUniversity in Edinburgh, Scotland majoring in town planning. In 1990, he was awarded the British Council Fellowship to specialise in Planning Law at Newcastle University in England.

He joined the Malaysian Civil Service in 1983 and is registered with the Board of Town Planners. In February 2006, he was seconded to Khazanah Nasional Berhad as the Senior Vice President of Special Projects and the following year, he was seconded to Iskandar Regional Development Authority (IRDA) as the Senior Vice President. He was appointed as the first Federal Commissioner for the Authority in October that same year and member of the Approval and Implementation Committee (AIC).

He is a Board Member of the Board of Town Planners Malaysia, Vice President of the Malaysian Institute of Planners (MIP), BoardMembertotheBadanWarisanMalaysia and a member of Harvard Business School alumni.

He is also a member of the Malaysia Singapore Business Council, an Exco member of the National Biotechnology Implementation Council, an Advisory Board Member of the Iskandar Malaysia UTM Research Centre(IMREC) and Committee member of the Johor State Town Planning Department.

HILMI BIN MOHD NASHIR Chief Operating Officer Hilmi joined IRDA in February 2009 and has a Degree Economics (Hons), majoring in Analytical Economics from University of Malaya in 1979.

Hilmi previously was the Managing Director/CEO of MISC Integrated Logistics Sdn.Bhd and held directorship in several international joint-venture companies having operations in Malaysia, Singapore, Sri Lanka, United Arab Emirates and Sudan. He was also a member of the MISC Management Committee.

He joined PETRONAS in 1979 and remained with the PETRONAS Group of Companies for 29 years, 7 of which were at MISC Berhad. He held several senior positions within PETRONAS with multiple roles and experience ranging from Project Evaluation, Internal Audit, Tenders and Contracts, Vendor Development, Treasury Operations and Project Management.

MISRAN BIN BASIR Federal ComissionerMisran joined IRDA on 16 March 2009 as Federal Commissioner. He was an administrative and Diplomatic Service Officer attached with the Economic Planning Unit, Prime Minister’s Department. His last position was the Director of Foreign Investment Committee (FIC), Economic Planning Unit.

As the Regional Economic Director, he was actively involved in the planning, project approval and development budgets for the Iskandar Development Region during the preparation of the Ninth Malaysia Plan.

He held various positions in EPU and was largely involved in the planning, budgeting, implementing and monitoring of the infrastructure, privatisation and regional economic projects as well as in the preparation of the five years development plan.

He graduated with an Honours Degree from University of Malaya 1975.



DR.BADRUL HISHAM BIN KASSIM State CommissionerDr.Badrul is a Johor State Officer and currently holds the post of Deputy Director of the State’s Economic Planning Unit (UPEN).

Since joining the Johor State Civil Service in 1992, Dr.Badrul has served in several departments including Assistant State Secretary, Johor State Secretariat (1992-1995), Manager Permodalan Darul Tak’zim (1995-1999), Assistant Land Administrator (1999-2000), Private Secretary to the Chief Minister of Johor (2000) and Principal Assistant Director Johor Economic Planning Unit (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 since 1 August 2007.

NOR HISHAM BIN MOHD YUSOF Head, Corporate ServicesNor Hisham joined IRDA on 1 March 2007 as the Senior Vice President of Finance. He has been assigned as the Head of Corporate Services overseeing the Finance, Procurement and Administration functions of IRDA. Nor Hisham graduated from the University of Kent at Canterbury in United Kingdom obtaining a Bachelor of Arts Second Upper Class Honours Degree in Accounting and Management Sciences in 1991.

He started his career as a Trainee Accountant with a Chartered Accountants firm in London, United Kingdom and qualified as an Associate Member of the Institute of Chartered Accountants in EnglandandWalesbeforereturningtoMalaysia in 1996.

In Nor Hisham’s 20 years of professional experience, he has held executive positions with a number of government-linked companies and multinationals in areas of finance, corporate governance, corporate planning, audit, risk management and corporate affairs obtaining valuable experience locally and abroad.

As the Head of Corporate Services, he plays a crucial role as the intermediary between IRDA and a number of key federal and state agencies in matters relating to financial allocation and performance reporting.

Nor Hisham is a Chartered Accountant with the Malaysian Institute of Accountants and a Chartered Member of the Institute of Internal Auditors (Malaysia). He is also a Certified Internal Auditor (United States).

RUGAYAH YASMIN BINTI IBRAHIM Head, Human Capital ManagementRugayah joined IRDA in September 2007 as the Vice President of Human Capital Management and in July 2010 she became the Head of Human Capital Management.

Rugayah is responsible for all human capital matters within IRDA which involves organizing, integrating and directing all human capital management activities, supporting the overall business strategy and design. Rugayah obtained her degree in Business Administration from the University of Ohio, Athens, USA in 1983.

Rugayah’s career in Human Resources began in 1983 when she joined Advanced Micro Devices, a multinational company in Penang, as a Human Resource Officer. In 1989 she joined Projek Lebuhraya Utara Selatan (PLUS) Berhad, a company under the Renong Group, as an Assistant Manager where she was tasked to oversee the compensation and benefits unit under the Human Resource Division.

Rugayah was later transferred to PROPEL in 1995 to head the Human Resources and Administration Division. The following year she was head hunted to join LITRAK, an associate company of GAMUDA Group. In 2004, she joined Pos Malaysia Berhad as the Deputy General Manager directly involved in the transformation on intiatives.




NOR HISHAM BIN HUSSEIN Head, Social DevelopmentNor Hisham joined IRDA on 1 May 2007 and is responsible for the development of Iskandar Malaysia’s Human Capital Blueprint that looks at the Human Resource and talent 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 and other initiatives under the Social Development Division. Nor Hisham oversees Strategic Communications for a period of 10 months until November 2010.

He began his career at MBF Berhad in 1992. Subsequently, he expanded his career and joined Celcom Berhad where he rose through the ranks from Human Resources Development and Operations to HR Strategy and finally as the Head of Human Resource Development Division in year 2000.

NorHishamjoinedPWCConsultingin year 2000 and served as Project Manager in the Petronas-MISC Business Transformation Project. He was recruited back to Celcom in year 2003 and played an instrumental role in the Manpower Rationalisation and Merger exercise with TM Touch, a Telekom Malaysia subsidiary.

Nor Hisham was also at DDI International as a Regional Consultant from the year 2003 to 2005.

In 2005, he joined the Port of Tanjung Pelepas (PTP) as General Manager of Human Resource.

ZAINOL RASHID BIN ZAINUDDIN Head, Technical & ProjectsZainol joined IRDA on 1 June 2007. He is responsible for the planning and implementation of the Ninth Malaysia Plan projects, and also assists and provides technical support to the other Divisions within IRDA. He holds a Degree in Business Administration from the University of BATH, UK.

Prior to joining IRDA, he was a business development and project management consultant. He also sat on the board of several private limited companies.

In career spanning 30 years, Zainol has held senior positions in various organisations, including Project Director, Solutions Protocol Sdn.Bhd; Executive Director Pembinaan Kekal Mewah Sdn.Bhd; Managing Director, Kualiti Alam Sdn.Bhd; General Manager (Technical), PLUS Bhd and a Senior Engineer position with thePublicWorksDepartment.

AMERUL MUNER BIN MOHAMMAD Head, Legal & SecretarialAmerul joined IRDA in November 2007 bringing with him 14 years experience as a legal practitioner. He was in active legal practice since 1994 and was a partner in a well established legal firm in Johor Bahru. He started his career in internal auditor with a commercial bank prior to being called to the Malaysian Bar. He was involved in a wide range of legal services which included laws related to commercial, banking, planning, international trades, maritime, civil and criminal litigation, arbitration, advisory roles to public-listed companies, government agencies and other aspects of legal practice.

He graduated from the Royal Military College and obtained his law degree from the UK.

MOHAMMAD ISMAIL BIN HJ IBRAHIM Head, Iskandar Service CentreMohammad Ismail joined IRDA in June 2009 as the Head of Iskandar Service Centre (ISC). He obtained his Bachelor of Social Sciences from University Putra Malaysia.

His wide exposure to business began with a basic career grounding of sales and marketing of fast moving consumer goods, gained during his tenure with multi-national company. The marketing orientation served him well in his consulting years, especially in dealing with local and international clients in businesses as diverse as hospitality, furniture and construction industries.



The lessons of value creation were further enhanced with his involvement as an entrepreneur by taking over a chain of food stores specializing in local food. His working experience also include automotive vendor where he has operational responsibilities for 3 manufacturing facilities, one wholly owned subsidiary and one R & D unit.

Prior to joining IRDA, he was the General Manager of Business Development and Solutions with a leading logistic company.

SAFUAN BIN YUSOF Chief Information OfficerSafuan joined IRDA in March 2009 as Chief Information Officer. He obtained his Master degree from Cambridge University, United Kingdom in Computer Speech & Language Processing.

Safuan have more than 17 years of valuable experience in business and IT management gained from various well known Multi-National Companies (MNCs) and Public Listed Corporations.

Prior to him working in Malaysia, Safuan has worked with a large IT company (DEC Ltd) in the United Kingdom for about one year. Upon his return to Malaysia Safuan started his career as an Analyst Programmer in Shell Malaysia in 1993. Among the companies that he has worked with are EON Berhad, MISC Berhad, British American Tobacco (M) Berhad, DHL and Titan Chemicals Corporation Berhad.

MOHD YAZID BIN JA’AFAR Head, Economics & BusinessMohd Yazid joined IRDA in 2009 as Senior Vice President in Sector Development. In 2010 he was tasked to Head the Economics and Business Division.

He brings with him 15 years of solid experience in the techno-commercial area of the engineering and chemical business both within Malaysia and in the international scene.

Prior to joining IRDA, he worked with a number of multinational organisations for 10 years in various capacities in technical, marketing, business analysis and customer relationship management roles in Malaysia as well as in the UK.

He then moved his career back to Malaysia to join a joint-venture middle distillate chemical company in Sarawak with shareholders such as Sarawak State, Mitsubishi, PETRONAS and Shell.

There, he spent 5 years in various roles including managing the commercial aspects of the global business unit in specialty products.

Yazid holds a Master’s of Engineering in Chemical Engineering from the Imperial College of London. He is also a member of the Chartered Institute of Marketing and a member of the City and Guilds, London Institute.

ENGKU AHMAD KAMEL BIN ENGKU TAIB Head, Corporate Performance ManagementEngku Kamel joined IRDA in February 2010 and heads the Corporate Performance Management Division, which oversees the Corporate Planning and Programme Management Office functions in IRDA.

He has close to 30 years of national and regional experience in Banking, Oil & Gas, IT Consultancy, Automotive Manufacturing and Business Process Outsourcing, managing a wide range of retail banking services, oil & gas marketing operations and retailing, and system implementation activities locally and internationally.

He has also managed a manufacturing & sales systems environment and has headed a self-service terminals outsourcing outfit. At various times, he has been based in a number of locations in Malaysia and his work has also taken him for stints to the UK, Singapore, Thailand and Philippines.

Engku Kamel graduated in Mathematics from Lancaster University, UK and has an MBA from Cranfield University, UK.



MOHAMAD BIN SA’ELALHead, Integrated Planning Mohamad was appointed the Head of Integrated Planning, in February, 2010. Mohamad is responsible to lead the team to formulate the policy and strategy on land use planning, environment, transportation and safety & security for Iskandar Malaysia. Mohamad also involves in project implementation and stakeholder management.

Mohamad has more than 25 years in various positions with property development companies in Malaysia. The portfolio of the projects includes The Curve, Ikea Mutiara Damansara and University of Nottingham, Malaysia Campus in Selangor, Kota Iskandar and Puteri Harbour in Nusajaya, Johor.

Mohamad was also involved in training of contractors and construction site personnel in collaboration with Construction Industry Development Board (CIDB).

Mohamad graduated from University of Technology MARA with a Bachelor of Civil Engineering in 1982.

HANIZAH BINTI MUHAMMAD Head, Internal AuditHanizah joined IRDA on 16 November 2009 and heads the Internal Audit Department. She reports directly to the Audit Committee.

She started her career working for a Chartered Accountancy firm in United Kingdom for 2 years before returning to Malaysia. Since then she has worked in

Internal Audit with various organisations for 18 years where she held executive positions in Sapura Holdings Berhad, Pengurusan Danaharta Nasional Berhad, Faber Group Berhad and RapidKL.

She is a Certified Internal Auditor (CIA) and a Chartered Member of the Institute of Internal Auditors Malaysia (CMIIA). In 2004/2006, Hanizah was on the Editorial Board of the Institute of Internal Auditors Malaysia (IIAM) and contributed in writing articles and reviews for the IIAM’s magazine.

UNGKU HARUN AL RASHID BIN AHMAD Head, Human Capital ManagementUngku Harun joined IRDA as the head of Human Capital Management from December 2009 to July 2010. Ungku Harun holds an MBA in International Business from RMIT University, Australia and a Bachelor’s Degree in Education (English) from Indiana University, USA.

Ungku Harun has 25 years of experience in Human Resources and General Management. These experiences were gained primarily in multi-national companies such as Sandvik, Cabot Corporation where he was the Asia Pacific Regional Director of Human Resources and RJ Reynolds Tobacco International where he served as the Regional Human Resources for South East Asia. Ungku also served in Multimedia Development Corporation as its Vice President of Corporate Services. The MDC was tasked with the implementation of MSC Project.

ZAINI BINTI LONGHead, Strategic CommunicationsZaini joined IRDA on 8th November 2010 and is responsible for the overall strategic marketing and communications which encompasses the areas of stakeholder management, media management, promotion and advertisement, branding and events.

Zaini started her career in product management at Johnson & Johnson Sdn Bhd in 1989. Subsequently she expanded her career to join Avon Malaysia as Marketing Director in 1990 and soon was promoted as Executive Director Regional Marketing in 2002 and was based in Bangkok.

Prior to joining IRDA she was heading Bursa Malaysia Berhad’s marketing division as Head of Group Marketing. Zaini has a combination of 24 years of vast and professional experience in marketing and promotion including event management, media relations and public relations activities.

Zaini obtained her tertiary education from Institute of Marketing, UK and various management courses from University of Columbia.




ORGANISATION STRUCTURE

IRDA’s OrganisationOrganisation Structure

CHIEF EXECUTIVE

MEMBERS OF THE AUTHORITY

AUDIT BOARD

INTERNAL AUDIT

CHIEF OPERATING OFFICER

OFFICE OF COMMISSIONERS

FEDERAL STATE

TECHNICAL & PROJECTS

INFORMATION & COMMUNICATIONSTECHNOLOGY

CORPORATE SERVICES

SOCIAL DEVELOPMENTLEGAL & SECRETARIAL

STRATEGIC COMMUNICATIONS

INTEGRATED PLANNING

ECONOMICS & BUSINESS HUMAN CAPITAL

MANAGEMENTCORPORATE PERFORMANCE MANAGEMENT

ISKANDAR SERVICE CENTRE

56 ECONOMICS AND BUSINESS60 STRATEGIC COMMUNICATIONS68 INFRASTRUCTURE DEVELOPMENT PROJECTS72 INTEGRATED PLANNING81 SOCIAL DEVELOPMENT88 HUMAN CAPITAL MANAGEMENT90 CORPORATE PERFORMANCE MANAGEMENT 91 IRDA RISK MANAGEMENT93 INFORMATION & COMMUNICATIONS TECHNOLOGY96 ISKANDAR SERVICE CENTRE

ON TRACK FOR SUCCESS


ECONOMICS AND BUSINESS

In its first five years, the development of Iskandar Malaysia has proven its resilience to overcome a severe global financial crisis and a recession that followed.

WithPhase1oftheCDPcompleted,Iskandar Malaysia has attracted investment commitments of RM69.48 billion, surpassing the RM47.0 billion targetbyanimpressive148%.In2010alone, Iskandar Malaysia attracted a total of RM13.92 billion of new investments.

An improving global economy contributed to the commendable numbers achieved in 2010. In an unprecedented response to the financial crisis that unfolded in 2008, the Governments and Central bank were quick to introduce fiscal and monetary policies that had a mitigating effect on what was the worst economic slowdown since the last great depression.

WhileIskandarMalaysiahasnodoubtbenefited from the revival of investors’ confidence, most investors also recognise the development as a long-term sustainable investment, enhancing its attractiveness in the face of the financial crisis.

INVESTORS’ DIALOGUE Engaging the investors remained a key priority for IRDA and the year in review saw the third and fourth in the series of Investors’ Dialogue held in June and December respectively.

On Track For SuccessEconomics and Business

0.00

Manufacturing

2006

11.30

25.80

41.75

55.56

69.48

2007 2008 2009 2010

Properties

Committed InvestmentUtilities, Tourism & Others

RM(bln)

Target 2006 – 2010 RM47 bln

Cumulative Committed Year-on-year(2006 – 2010)

Goverment

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

5.80

5.50

5.80

6.83

6.28

16.52

9.11

23.65 26.92

14.45

21.83

6.28

8.17

5.05

21.707.10

1.00

11.90



4th Investors’ Dialogue, 10 December 2010



MIDA Trade and Investment Mission to Qatar, 11 to 13 December 2010

MIDA Trade and Investment Mission to Taiwan, 4 to 8 October 2010

Seminar on Investment Opportunities in Nusajaya and Iskandar Malaysia, Seoul, South Korea, 12 – 15 May 2010

Supported by many departments within the IRDA as well as several state and federal government agencies, the objectives of the dialogue are manifold:

• ItservesasausefulplatformforIRDAto ensure an alignment of Iskandar Malaysia’s shared vision with ongoing developments

• Itaddressesanyissues,challengesand concerns that may be raised by investors

• Byallowingface-to-facemeetings,itgoes a long way towards strengthening relationships with investors

The fourth Investors’ Dialogue saw the participation of external speakers for the first time, drawn from relevant bodies such as the Public Private Partnership Unit, Prime Minister’s Department (UKAS), Royal Malaysia Police (PDRM) and the Ministry of Human Resources Malaysia (MOHR). The 2-day event attracted more than 300 participants and was a resounding success.


LEVERAGING THE ISKANDAR MALAYSIA BRANDSince its launch, the attractiveness and familiarity of Iskandar Malaysia as a brand proposition has gained resonance in investment communities across the globe.

IRDA recognises the importance of participating in various overseas trade and investment missions organised by the Ministry of International Trade & Industry (MITI), Malaysia Industrial Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE).

During the year in review, IRDA was part of the trade missions to Korea, Taiwan and Qatar. These missions have proven fruitful; giving IRDA a platform to present its value propositions and to develope

Iskandar Malaysia as a unique investment opportunity, and attract potential investors in sector-specific investment areas.

INVESTMENT GUIDES The Iskandar Malaysia Investment Guides were conceptualised in 2010 to provide a clear strategic direction to investors at a sector-specific level.

A total of nine booklets will be launched by the end of May 2011, representing the economic sectors promoted in Iskandar Malaysia.

As a definitive guide to investors, the booklets contain distinctive value propositions, opportunities and incentives available as well as in-depth analysis on each of the nine sectors.

COMMUNITY DEVELOPMENT Community development has been one of the main pillars in the conceptualisation of Iskandar Malaysia.

To keep the community in Iskandar Malaysia abreast of the rapid developments taking place, IRDA has come up with a monthly publication called Bizwatch.

During the year, 18 editions of Bizwatch were published, including four special editions highlighting the improved bilateral relationship between Malaysia and Singapore, New Economic Model and Economic Transformation Programme Budget 2011 and Year End special edition.


MIDA Trade and Investment Mission to Korea, 18 to 24 July 2010 MIDA Trade and Investment Mission to Korea, 18 to 24 July 2010


STRATEGIC COMMUNICATIONS

On Track For SuccessStrategic Communications

STRATEGIC COMMUNICATIONS For the year 2010, the Strategic Communications division carried a wide range of activities in collaboration with federal and state government agencies. This joint collaboration resulted in a more systematic communications approach in line with the federal and state level objectives.

Targeted brand promotions were carried out in various publications to reach out to our key audience

Unipole at Jalan Lingakaran Dalam Jalan Tebrau, towards CIQ Complex, Johor Bahru

BRANDING Branding efforts in 2010, apart from continuing international promotional initiatives, focused on further increasing local investor awareness.

Iskandar Malaysia was prominently featured in a special report in the premier local business magazine Malaysian Business in October. The 10 page report included an in depth look at the progress of Iskandar Malaysia and opportunities it offered.

IRDA’s first digital promotional campaign began in November utilising on-line media such as The Star On-line, Sin Chew On-line edition, Utusan On-line and the Google Ad Network.Thiscampaignresultedina20%increase in Iskandar Malaysia website traffic.

The international print media campaign continued with advertisements in regional publications.

Overall, 2010 branding activities focus on addressing gaps identified in the brand audit. The department was also guided by the targeted countries which included China, Singapore and the Middle East.



EVENTS AND PROMOTIONSThe Events Team aggressively organised and successfully accomplished 9 core events and 25 other events in 2010.

These events are mainly targeting local population, audiences from Kuala Lumpur, Singapore and international markets.

The 9 core events were the Iskandar Johor Open 2009 cheque presentation, 3rd Iskandar Malaysia Open Day at IOI Mall, Kulai and 4th Iskandar Malaysia Open Day at Pasir Gudang, CityScape Asia Singapore, Iproperty.com Expo KL and Iproperty.com Expo Singapore, JB Raya Open House, KL Raya Open House and Iskandar Johor Open 2010.

The Events Team has also assisted in planning, organising and event management of 25 adhoc events in support of project owners from other divisions.

Several high impact events such as Prime Minister’s Visit to Iskandar Malaysia Public Housing and Khazanah Virtual Platform Tour and the Joint Ministerial Meeting between Malaysia and Singapore have received positive media coverage.

At state level, our involvement included the Johor Science, Technology and ICT Week(MISTI2010),GroundBreakingCeremony of Johor Premium Outlets, Members of the Authority Meeting, Open Day in Pontian in conjunction with Kembara Mahkota Johor 2010 and Pasir Gudang Local Council Open Day.

Padraig Harrington receiving trophy from HRH Sultan Ibrahim ibni Almarhum Sultan Iskandar, Sultan of Johor

Ismail bin Ibrahim Chief Executive IRDA presenting a momento to State Secretary Dato’ Haji Abdul Latiff bin Yusof at the Iskandar Malaysia Open Day. On the right is Permas State Assemblyman, M.M. Samy

Sharing together.. Chief Minister of Johor, Dato’ Haji Abdul Ghani bin Othman and Chief Executive IRDA Ismail bin Ibrahim presenting raya gifts to less fortunate children during JB Raya Open House

Participation in IProperty.com Expo in Marina Bay Sands, Singapore



Iskandar Malaysia has attracted more than 170,000 people from all walks of life to events organised in Johor Bahru, Kuala Lumpur and Singapore.

The overall response received was overwhelming, as visitors appreciated the engagements being made by IRDA to engage various stakeholders.

Joint collaboration events with Federal and State Government Agencies continued to play a major role in IRDA’s communication efforts.

Visit by Tun Abdullah bin Ahmad Badawi was briefed by Ismail bin Ibrahim Chief Executive IRDA on the progress development of Iskandar Malaysia, 4 December 2010

Field trip to Nusajaya by Students from SMK Bandar Tenggara, 3 August 2010



STAKEHOLDER MANAGEMENTIn 2010, some of the issues that required constant monitoring were the development of the coastal highway, which led to regular engagements with the media and local politicians.

The division sought to mitigate issues or complaints from the public arising out of the rapid infrastructural developments in the region by strategizing and managing grassroots issues with Technical and Projects (TP), Social Development (SD) and Integrated Planning (IP) teams in the areas of road upgrading, river cleaning at Kg Sungai Danga, Sg Skudai, coastal highway construction, Bus Iskandar Malaysia social routes, among others.

The division also helped facilitate more than 2000 visits and briefing sessions clocked in 2010 for the entire organisation. These included official site visits and

briefings to former Prime Minister Tun Abdullah Ahmad Badawi and Minister of International Trade and Industry, Dato’ Seri Mustapa Mohamed just to name a few.

As part of its proactive engagement, the division executed a Peer-to-Peer programme to empower the community to take on the role of championing Iskandar Malaysia. Strong progress was made on this front with the successful engagement of up to 600 Anak Johor students from IPTAs (e.g. - UTM, UTHM, UM, UIA UiTM). Held at Kota Iskandar, the event provided and opportunity for Johor Chief Minister Dato’ Haji Abdul Ghani Othman to call on Anak Johor to champion the aspirations of Iskandar Malaysia.

One such successful engagement was the Road and Safety campaign with Pasukan Pengangkutan Awam Iskandar Malaysia (PAIM), focusing on the Bas Iskandar Malaysia social routes.

The campaign saw more than 3,600 students from 12 primary and secondary schools in Iskandar Malaysia educated on proper usage of the services provided by the authorities. It received wide media coverage as it was a first of its kind involving the bus services launched early this year.

Further engagements with the community in Kg Sg Danga residents, grassroots leaders and shop lot owners from Taman Baiduri impacted by the development of the coastal highway project were carried out to manage issues and provide amicable solutions.

Positive outcomes were seen from these engagements as most of the affected communities agreed for IRDA to play a mediating role.

The political parties were also engaged through regular engagements pertaining to issues brought by the rapid development of Iskandar Malaysia. In continuing with this, all parties agreed to champion engagement programmes and help disseminate information on Iskandar Malaysia through briefings, dialogues and forums.

Visit by Dato’ S. Devamany, Deputy Minister in the Prime Minister’s office, 23 August 2010

Briefing Session with Kg Sungai Danga Residents and Grassroots Leaders, 26 October 2010

One high profile event facilitated by the department was the high tea event in conjunction with the Sultan Johor’s Birthday. It was an excellent platform for IRDA to establish itself as an important organisation and engage local stakeholders in ensuring the progress of Iskandar Malaysia for everyone.

NGOs were also not left out as they are partners in helping develop Iskandar Malaysia. A meeting with the Johor Malay Contractors Association was led by Exco, Dato’ Haji Maulizan Bin Bujang.

The outcome of this engagement was the establishment of a more effective platform for IRDA to manage the concerns of the association.

At Federal level, an engagement with Higher Education Minister Dato Seri Mohd Khaled Nordin augured well for Iskandar Malaysia’s role as a human capital feeder hub for the nation.

The Minister was given an update on Educity at Nusajaya and he also shared of some ideas on the Higher education Ministry’s initiative to develop Pasir Gudang as an education hub.

On the commercial stakeholder front, the fourth quarter of 2010 saw the continuation of an increased interest in Iskandar Malaysia from investors from Singapore. One of the key contributing factors to this rise in interest is the warming of bilateral relations between Singapore and Malaysia, spearheaded by the Prime Ministers of both countries.

Engagement with Johor Contractors chaired by Datuk Maulizan Bujang, Johor Exco together with Chief Executive IRDA, Ismail bin Ibrahim.


Among the noteworthy visits received from Singapore were by the Singapore Business Federation (SBF).

The Singapore Chinese Chamber of Commerce and Industry also brought a delegation of 50 businessmen to seek business opportunities in Iskandar Malaysia. Others included the Singapore Economic Development Board (EDB), who were keen to find out how Singaporean based companies and MNCs based could leverage on investing in Iskandar Malaysia. IRDA also participated in an International Chinese Business Forum in December organised by the Malaysian Industrial Development Authority (MIDA).

IRDA also received delegations from Australia comprising professionals from the building and construction industry from the State of Victoria specialising in green and sustainable technologies. A delegation from the Swiss-Asian Chamber of Commerce also visited us and extended an invitation for IRDA to speak with businessmen in Zurich on opportunities in Iskandar Malaysia.

The momentum among Singaporeans is expected to strengthen further in 2011. IRDA will continue to play a proactive role in managing this for the betterment of the local population.

MEDIA AND PUBLIC RELATIONSIn 2010, Iskandar Malaysia successfully increased its news coverage in the print media in Malaysia and Singapore by achieving a PR Value of RM29.8mil compared to RM12.4mil the year before. The positive news generated also increasedfrom95%in2009to96.6%in2010.

This is attributed to the efforts in promoting Iskandar Malaysia through the various media locally and internationally. Proactive engagements were also carried out to strengthen and sustain relationships with the media to further boost media coverage in both print and electronic media.


GES Summit 2010

World Water Monitoring Day at Hutan Bandar Putra KulaiJaya, 9th November 2010

Ismail bin Ibrahim, Chief Executive IRDA delivering a speech at GES Summit 2010, Singapore

News coverage on Iskandar Malaysia



Mr. Takeshi Ishi, First Secretary of Japanese Embassy captivated by the vast development of Puteri Harbour, Nusajaya, 10 March 2010

Briefing session with Okshima Kogyo Group, 6 February

2010

Ismail bin Ibrahim, Chief Executive IRDA presenting a momento to YDH Dato’ Othman Harun, Deputy Director of Narcotics Crime Investigation Department, 28 October 2010

Visit by H.E. Dr. Marc Barety, Ambassador of France, 24 February 2010


Our key communication messages for 2010 were the delivery of projects on the ground, infrastructure progress, as well as implementation of blueprints such as the Safety and Security and Transportation.

Some of the events which received tremendous coverage and generated interest from the media were the launching of the Yahya Awal Interchange flyover, Community Police Post, Bus Iskandar Malaysia and the Prime Minister’s visit to the Iskandar Malaysia Public Housing Project.

There was also extensive radio coverage as well as interviews with Business FM (BFM) on the latest highlights of the developments in Iskandar Malaysia. Several familiarisation trips and engagements were also carried out for media from Kuala Lumpur, Singapore as

well as Johor media.

Iskandar Malaysia also gained publicity through exclusive interviews in the Arabian Business magazine, Malaysian Business magazine, Leaders Magazine, Business Times Singapore, The Edge Singapore and Trade and Investment Opportunities (TIOS) Report.

Domestically, besides press releases and planned interviews in the local newspapers, magazines and news stations, events were also carried out to foster closer relationship with the local media, such as the Media Race and Media Buka Puasa.

On the Social Media front, Iskandar Malaysia set up its Facebook profile (Iskandar Malaysia) and fan page (Friends of Iskandar Malaysia) in May 2010.


Media Race participants having fun away from their busy schedules

Dato’ Sri Mohd Najib bin Tun Abdul Razak and Dato’ Abdul Ghani bin Othman inspecting the quality of IBS precast concrete panel used to build the houses


INFRASTRUCTURE DEVELOPMENT PROJECTS

On Track For SuccessInfrstructure Development Projects

Package Detailed Project Cost Commencement Completion Schedule Actual Project (RM) Date Date (%) (%)

1 Earthworks 6,597,069.85 27 July 2009 15 Oct 2009 100 100

2 BuildingWorks 142,8080,000.00 15Oct2009 6June2011 92.25 92.24

3 Infrasturcture Plot A 27,763,619.80 14 April 2010 Sept 2011 67.0 63.0

4 Infrastructure Plot B 14,008,557.00 22 March 2010 7 Aug 2011 64 61

Total Project Cost RM191,177.246.65 (not including Consultancy Cost)

2 Building 2009 6Works 142,8080,000.00 15Works 142,8080,000.00 15 2011 92.25 92.242011 92.25 92.24

Package Detailed Project Cost Commencement Completion Schedule Actual Project (RM) Date Date (%) (%)

1 Sg. Tebrau 14,383,300.00 18 Aug 2008 31 Jan 2010 100.00 100.00 (Package A)

2 Sg. Tebrau 9,651,844.40 23 Oct 2008 33 Oct 2009 100.00 100.00 (Package B)

3 Sg. Skudai 53,951,262.56 17 Nov 2008 5 April 2010 100.00 100.00 (Package 1) 4 Sg. Skudai 11,652,518.00 23 Oct 2008 17 Oct 2010 100.00 96.00 (Package 2) 5 Sg. Tebrau 18,644,348.10 10 April 2009 8 June 2010 100.00 100.00 (Package C) 6 Sg. Skudai 5,050,000.00 10 April 2009 9 April 2010 100.00 100.00 (Package 3)

Total Project Cost: RM113,330,273.06 (not including Land Acsuisition)

Aerial view of progress work at the Abu Bakar Interchange (December 2010)

Aerial view of progress work at Ulu Tiram Interchange (December 2010)

Coastal Highway Sungai Danga Interchange (December 2010)


Under the Ninth Malaysia Plan, 2006-2010 (9MP), the Malaysian Government injected funds amounting to RM6.8 billion to boost infrastructure facilities within Iskandar Malaysia. The fiscal priority for the project has been continued under the Tenth Malaysia Plan, 2011-2015 (10MP) with an additional budget of RM1.39 billion.

In February 2008, IRDA was been entrusted to implement some of the projects identified under the 9MP covering road development, river cleaning, drainage and a housing project. There were a total of 11 packages, of which seven comprise road projects, two river cleaning packages, and one package each for drainage and the Iskandar Malaysia housing project.

ROAD PROJECTS Two road packages, with a total cost of RM52.0 million, were completed during the year under review, ahead of schedule. Construction of the Yahya Awal Interchange (Package 3A) began on 29 October 2008 and was completed in October 2010. The upgrading of Jalan Kolam Air (Package 6) was completed in April 2010.

The completion of these two projects has already helped ease traffic congestion, notably in the central business district, and reduced the travelling time across the city and sub-urban areas. This has created an economic spill-over effect for residents and local businesses, enhancing the quality of life in Iskandar Malaysia.

Another six packages (including Package 3B) with a total cost of RM1.44 billion, are progressing according to schedule. One of the biggest infrastructure projects undertaken in the corridor is the construction of the 15-kilometre, six-lane Coastal Highway.

WhencompletedinDecember2011,itwill function as the main road artery for Iskandar Malaysia, improving connectivity to the Senai Airport and the sea-port of Tanjung Pelepas, while reducing travelling time from Johor Bahru to Nusajaya to only 10 minutes, instead of 45 minutes.

RIVER CLEANING PROJECTS Improving the quality of life is the primary objective of the River Cleaning and Drainage Programme which focuses on three main rivers, namely the Segget, Tebrau and Skudai rivers.

Apart from improving the aesthetics of these water-ways as befitting a world-class development, the long-term goal of the programme is to upgrade the water quality standard from the present Class IV (non-body contact) to Class II (Body-contact) by 2015.

By definition, non-body contact includes activities such as boating and fishing where there is only incidental contact with the water, while body-contact would involve full body immersion.

The total cost of the river cleaning projects, broken down into six packages, is RM113 million. As at year-end, five packages have been completed, while the Sungai Skudai Package 2 is progressing as planned for targeted completion in May 2011.

DRAINAGE PROJECTS Withtheupgradingofthedrainagesystem in Iskandar Malaysia, flash-floods may soon be a thing of the past. A total of RM122 million has been allocated to implement 11 packages of drainage projects to be carried out by IRDA’s Technical & Projects Division since 2008.

Five of these packages were completed in 2009, while the remaining six packages have been completed in 2010.

Apart from the construction of new drainage systems, the programme also involves the widening of drains for better water flow and the construction of tidal flats to prevent water from the rivers flowing into drains during high tides.

As in many other projects undertaken in Iskandar Malaysia, the ultimate beneficiaries of IRDA’s efforts are the residents, present and future generations.


River Cleaning - Sungai Tebrau

Drainage Project – Jalan Permatang dan Jalan Denai, Kempas


ISKANDAR MALAYSIA PUBLIC HOUSING (PRISMA)A total of 1,500 families in Iskandar Malaysia will soon benefit from an improved and more conducive living environment. PRISMA is a housing development project undertaken by IRDA to showcase the future of public housing in Iskandar Malaysia.

Planned as a medium-density residential project, the project will be complemented by a host of public amenities that include community halls, kindergartens, surau, community police posts and recreational facilities such as football fields, futsal and badminton courts and children’s playgrounds.

Piling works for the construction of 34 apartment blocks commenced in January 2010 and were completed by 31 July 2010, paving the way for construction works to begin. PRISMA was built using the Industrialised Building System (IBS), whereby the main components are manufactured at factories before being transported and assembled onsite.

One of the main benefits of the IBS system is the high quality of the products which are manufactured under strict quality controls. The main building blocks of PRISMA are the building panels and over an 8-month period, some 34,000 panels were produced. Installation works were completed by 30 November 2010.

By the end of 2010, PRISMA had achieved 85%completionandwillbeoperationalby the third quarter of 2011.

During the year under review, PRISMA was evaluated by the Construction Industry Development Board Malaysia (CIDB) and was assigned an IBS score of 95%,exceedingthescoreof70%setbythe Economic Planning Unit/Ministry of Finance. A high IBS score is a reflection of a higher reduction of site labour, lower wastage, cleaner environment, better quality, safer construction site, faster project completion and lower total construction costs.

In achieving these targets, PRISMA has raised the bar in setting new standards for public housing in the country.


Iskandar Malaysia Public Housing located at Jalan Lima Kedai, Gelang Patah

FLAGSHIP AJOHOR BAHRU CITYThe city of Johor Bahru is Malaysia’s ‘Southern Gateway’,receiving60%offoreigntouristswho visit Malaysia.

As the Central Business District, it is also the main gateway into and out of Singapore (via the Causeway). The current key economic activities in Flagship A are financial services, commerce and retail, arts and culture, hospitality, urban tourism, plastic manufacturing, electrical and electronics (E&E) and food processing.

Night view of Johor Bahru City Centre


INTEGRATED PLANNING

TOWARDS SUSTAINABLE ISKANDAR MALAYSIAMalaysia has made a voluntary commitmenttoreducebyupto40%ofthe country’s carbon emission intensity to GDP by 2020, using 2005 as the base year.

In line with this commitment and the vision of developing Iskandar Malaysia into a strong and sustainable metropolis, IRDA is working towards achieving a Low Carbon Society (LCS) status for Iskandar Malaysiabytheyear2025.With2005asthe base year, IRDA plans to achieve a 30-50%reductionofCO2emissionintensityof GDP by 2025.

To achieve LCS status, IRDA has to contend with a number of challenges that include:

• Rapidandsprawlingdevelopment• Threatstodesignatedenvironmental

protection sites• Degradationofnaturalareas• Highprivatecarownership• Highdependenceonfossilfuels• Limitedre-cyclingculture• Lowefficiencyappliances

To address these challenges IRDA has prepared several blueprints to engender the development of sustainable Iskandar Malaysia. These blueprints among others, cover a number of areas that include integrated land use, environmental planning, integrated solid waste management, energy efficiency and renewable energy, area character statement, integrated public transportation, shoreline management, maintenance and operational plan and drainage and storm water management.

In 2010, IP has completed most of the blueprints and has started to implement several key projects. Safety and security (Safe City) and transportation (Improving connectivity) continues to be IP’s main projects, while other initiatives implemented includes - Managing Land Use, Safeguarding Environment, Ensuring Efficient Infrastructure and Utilities, and Conserving and Promoting Heritage and Culture.

MANAGING LAND USEThe Integrated Land Use Blueprint was endorsed at AIC meeting in 2010. The blueprint provides guidance and framework for all land planning to ensure a consistent approach to managing the social, economic and environmental effects to future growth for Iskandar Malaysia. The principle for growth and land use management are:

• LimitingoutwardgrowththroughUrban Growth Boundary

• Sequencingandprioritizingdevelopment within existing urban footprint

• Allocatinglandforfuturegrowth• Protectenvironmentalresources,green

edges and network from inappropriate development and improve their amenity value for general community uses

• Promotecatalystdevelopment• Regenerateolderanddilapidatedareas• Integratetransportandlanduse

development• Directinggrowthtoareaswithready

infrastructure• Introducenewurbanmanagement

process and mechanism to better coordinate development and infrastructure services

The blueprint became the basis for the amendment of the Johor Bahru and Pontian District Local Plan, coordinated by Jabatan Perancang Bandar dan Desa Johor, supported by the five (5) local authorities in Iskandar Malaysia.

On Track For SuccessIntegrated Planning

FLAGSHIP BNUSAJAYANusajaya is located west of Johor Bahru, close to Port of Tanjung Pelepas and Gelang Patah. Flagship B is a major new growth centre of Iskandar Malaysia where most of the catalyst projects will be developed.

Current key economic activities in Flagship B are focused on mixed property development, state & federal administration and logistics. Going forward, Flagship B would be the hub for creative arts and entertainment, medical facilities, educational institutions, tourism, biotechnology and hi-tech manufacturing.

Horizon Hills Golf and Country Club, Nusajaya



SAFEGUARDING ENVIRONMENTThe Environmental Planning Blueprint (EPB) and Shoreline Management Plan (SMP) were completed and endorsed in November 2010. Both blueprints will foresee sustainable forms of development and land use which will maintain and enhance the quality, character and appearance of the natural environment; with the EPB covering the whole Iskandar Malaysia and SMP focusing primarily on Iskandar Malaysia’s shoreline. In line with the Government’s effort in reducing carbon emission, IRDA with researchers from Universiti Teknologi Malaysia (UTM), Kyoto University and the National Institute for Environmental Studies (NIES) initiated the study on Low Carbon Society for Iskandar Malaysia.

IRDA collaborated and supported various events organized by other government and private agencies such as the Earth Hour, Pelancaran Penanaman 26 Juta Pokok, WorldWaterDay. IRDA also supported the “Save the Environment, People!” (STEP) program by Aiesec UTM, a program to create awareness among youths on the issues of sustainability and to provide the opportunity for them to contribute to the cause.

A series of monthly talk on the environment was organized as part of the campaign to raise awareness amongst the government agencies and private entities. Some of the topics covered

were mainstreaming biodiversity, migratory birds, Ramsar sites of Johor, and community-based resources management. IRDA was elected as a jury for Sekolah Lestari – Penilaian Alam Sekitar, a joint program by the Department of Environment and Department of Education.

In May and June, IRDA went to 26 schools throughout Johor to evaluate the daily practices among staff and students in terms of its efficiency and sustainability. The juries were also to recommend effective environmental-friendly practices for the school’s management. IRDA also provided significant inputs for the 2nd Review of the National Physical Plan, Local Plans and EIA submissions to the Department of Environment Johor.

CREATING A SAFE CITYThe Safety and Security Blueprint was completed and endorsed in 2009. The Blueprint assists the public sector, private sector and the community to work together in building a safe and secure environment.

The Blueprint proposed 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.

Auxiliary Police on duty

A family of smooth coated otters found playing in one of the river tributaries in Tanjung Piai



Launching of Community Police Post, Taman Bestari Indah Marching of the Royal Malaysia Police

Preserving and maintaining of peace, safety and security is built up through phases of time. Iskandar Malaysia, in a journey towards a safe and secured region, focused on its integrating strategy namely:

• Capacity-buildingbetweenthepublicagencies, the private sector and the community in addressing issues relating to safety and security;

• Shapingandmanagingperceptionofthe community on security;

• Cooperativecommunityparticipationand leveraging on technology.

Safety is of utmost importance and in tackling this issue, IRDA have worked hand and glove with the Royal Malaysia Police to ensure safety and security is continuously addressed. Iskandar Malaysia has achieved significant reductioninindexcrimeby21.32%andstreetcrimeby47.56%in2010ascompared to 2009.

Reduction of crime was achieved through several actions that include:

• Increaseofmanpower–Deploymentofpolice personnel in Iskandar Malaysia, from 6,172 personnel in 2007.

• DesignationofnewPoliceDistricts-3new police districts were designated to reinforce the 2 existing police districts in Iskandar Malaysia. Now Iskandar Malaysia has 5 police districts with a total 27 police Stations, 9 functional Police Stations, and 14 Community Police Stations.

• LaunchingofadditionalBeatBases-recently, the Johor police launched 26 moveable beat bases to complement the additional 480 manpower from the General Operation Force (GOF) as part the NKRA’s initiative to provide Iskandar Malaysia with significant police presence.

• NewMobilePolice-InimplementingHigh Profile Policing, the Police in Iskandar Malaysia have a fleet of 273 Mobile Police Vehicles (MPV) and 12 Mobile Police Station functioning as tactical command centres to police the five development nodes in Iskandar Malaysia.

• SpecialTaskForceforInvestors-Tospecifically address safety and security issues involving investors, the Royal Malaysia Police Johor has established a Special Task Force to deal with any reports and complaints lodged by foreign investors.

• CCTV-LocalCouncilsinIskandarMalaysia namely, Johor Bahru City Council, Johor Bahru Central Municipal Council and Kulaijaya Municipal Council have installed a total of additional 73 CCTVs at the fifteen 15 hot-spots.

• AuxiliaryPolice-Tofurtheraugmentthe police omnipresence in Iskandar Malaysia’s, a Battalion strength of 924 Auxiliary Police was approved for deployment at the critical infrastructures and the catalytic projects.

The year 2010 witnessed the continuation of the implementation of the Safety & Security programme quick wins. A total of 16 Community Police Posts were built with 6 units handed over to The Royal Malaysia Police for operation.



The first Community Police Post in Taman Bistari Indah was officially launched by the Chief Minister of Johor on 13 March, 2010 with the presence of Inspector General of Police and Johor Chief of Police.

The year 2010 also witnessed the implementation of NKRA Crime reducing initiatives across Malaysia and Iskandar Malaysia. IRDA’s representative at the NKRA Crime Lab was instrumental in aligning the NKRA Crime Lab initiatives with the Safety & Security Blueprint of Iskandar Malaysia.

In April 2010, IRDA Safety & Security team was invited to formulate the National CCTV Guideline. The team’s biggest achievement is the requirement that all planning applications to the local authority in Iskandar Malaysia and Malaysia would not be approved unless provision of CCTV is included in the submission.

Earlier in November 2010, the Johor State Planning Committee also approved the CCTV Guideline and CPTED Guideline for implementation in Iskandar Malaysia and the rest of Johor. IRDA also actively participated in the Safe City Programme led by the Yang DiPertua of all the Local Authorities in Iskandar

Malaysia, as required by the NKRA Crime Reducing initiatives. The rollout of 15 Safe City initiatives across the Local Authorities in Iskandar Malaysia will also mean the implementation of a proportion of the Safety & Security Blueprint Programmes.

All these efforts are in consonance with our integrating strategies to enhance the capacity and capability of all law enforcement agencies in Iskandar Malaysia as well to shape and manage public perception on safety and security.

IMPROVING CONNECTIVITYIn 2010, as part of IRDA’s initiative to improve public transportation and restructure the bus industry, Bas Iskandar Malaysia project was launched on 1 February, 2010 by Y.A.B. Dato’ Abdul Ghani bin Othman, Chief Minister of Johor. The project is regarded by the local communities as one of IRDA’s most visible projects.

To date, 34 buses are in operations on 17 social routes throughout Iskandar Malaysia. Along with the project implementation, IRDA and Pasukan Pengangkutan Awam Iskandar Malaysia (PAIM) have delivered several programmes to enhance the competencies within the bus industry.

IRDA has successfully rolled out the Safety, Health and Environment Code of Practice (SHECoP) in all the contractual documents with Bas Iskandar Malaysia operators. This roll out is in line with the national strategy to improve the overall practice of public transport operators.

Training courses and workshops are formulated and conducted for bus operators to share the experiences, communicate best practices and create awareness on how SHECoP enables operators to achieve safety, efficiency, productivity and sustainability.

To improve the service delivery system, IRDA has signed Service Level Agreements with all the Bas Iskandar Malaysia operators. The operators’ performances are measured on a regular basis to ensure continuous improvements. IRDA also developed training modules to train and prepare new drivers into the market.

The training modules were rolled out in October 2010 with the intake of 31 trainees. The training is jointly delivered by IRDA, PAIM, Yayasan Pelajaran Johor (YPJ) and Institut Memandu Bunga Raya. All 31 trainees have completed their training and currently working with Bas Iskandar Malaysia operators.

CCTV Installation

CCTV Monitoring



In 2010, Bas Iskandar Malaysia has performedwellachieving26%ridershipagainstthetargetof20%.Thisisachievedthrough continuous campaigns and promotional activities to create awareness and provide information to the public on the Bas Iskandar Malaysia services.

Emphasis of the campaigns and promotions are not only on the services available but also on the road safety and environment.

IRDA in collaboration with PAIM, JKJR and Jabatan Pendidikan Negeri (JPN) have delivered 12 series of Kempen Keselamatan bersama Sekolah di Laluan Bas Iskandar Malaysia, which involved 40 primary and secondary schools within Iskandar Malaysia. The campaigns have been successful in promoting Bas Iskandar Malaysia services and preventing vandalism on buses.

IRDA with the assistance of several local authorities namely Majlis Bandaraya Johor Bahru, Majlis Perbandaran Johor Bahru Tengah and Majlis Perbandaran Pasir Gudang has delivered 219 bus poles that displayed information related tobusroutingandschedule.Wealsoacknowledged the participation of Pelabuhan Tanjung Pelepas (PTP), Giant, Teraju Kyu Sdn. Bhd. and S.P. Setia in sponsoring new bus stops and bus poles in several locations.

Reliability and consistency of the bus services have been imperative in attracting higher ridership. In addition, IRDA and PAIM have been engaging various stakeholders to gain support for Bas Iskandar Malaysia and its related initiatives.

The Bas Iskandar Malaysia services have benefited local communities of 300,000 populations within 52 residential areas and villages. It has delivered several positive outcomes to the local communities and the agencies involved in the project.

The services provide a more affordable transport for the local communities and enhance the working relationship between the various government agencies and private sectors.

Display of Iskandar Malaysia Buses, ready to take the roads

Iskandar Malaysia Bus Launch in February 2010


Moving forward, IRDA recognizes the need to address the transportation issues in Iskandar Malaysia in a more holistic manner. The Transportation Blueprint for Iskandar Malaysia was developed and completed in 2010 with the participation of various stakeholders such as the industry players, government agencies, developers, NGOs, transport and logistics associations and community leaders.

The Transportation Blueprint is a complete document that addressed issues relating to transport planning and integration covering various segment including public transport, private transport, freight transport, green technology and institutional framework. The Blueprint recommended plans for implementation until year 2030 to achieve the goals of sustainable transportation and low carbon environment.

The Blueprint has outlined key projects for immediate implementation and the most critical is the establishment of mass public transportation system in Iskandar Malaysia. Mass public transportation system and optimum road network are expected to improve the accessibility and connectivity of more than 3 million future population of Iskandar Malaysia.

The Blueprint also provides plans for efficient freight transport network and facilities to support the economic growth of Iskandar Malaysia.

ENSURING EFFICIENT INFRASTRUCTURE AND UTILITIESIskandar Malaysia already has good accessibility and connectivity to other districts or state such as Plus Highway, Second Link, Senai Desaru Highway, Pasir Gudang Highway and Federal Highways e.g. Jalan Skudai. There are many more projects under planning and implementation to enhance the mobility and efficiency of transport in Iskandar Malaysia based on the CDP 2006-2025.

Towards ensuring the efficiency of urban linkages system in Iskandar Malaysia, a comprehensive road layout standard and proper guideline is essential. Thus, IRDA’s Integrated Planning Division has commissioned the study for the Road Layout Design Blueprint for Iskandar Malaysia which was completed in December 2010.

Other than providing proper guidelines for road planning, the blueprint also identifies issues relating to improper implementation that affect road use efficiency such as safety features, utilities, road furniture, and areas for the pedestrian and cyclist.

Another aspect that will affect the efficiency of the infrastructures is flood and flash flood which can cause significant impact on the performance and economy of Iskandar Malaysia. Thus, IRDA’s Integrated Planning has developed a Drainage and Stormwater Management Blueprint which was completed in December 2010.

The blueprint will become a reference and monitoring tool for drainage and stormwater management for any developments within Iskandar Malaysia. The hydraulic analysis and recommendations highlighted in the blueprint will assist the local authorities in Iskandar Malaysia as well as the Drainage and Irrigation Department to plan for mitigation measures to curb the flood and flash flood. Other than providing proper guidelines, planning documents and comprehensive blueprints, the maintenance of the existing and future infrastructures are also important. In order to ensure that the quote of “ 1st Class Infrastructure, 3rd Class Mentality” does not happen in Iskandar Malaysia, IRDA’s Integrated Planning Division has also embarked on the study of the Maintenance and Operational Plan for Iskandar Malaysia.

This blueprint has been prepared to ensure proper facilities management during planning and implementation of any infrastructures within Iskandar Malaysia. The blueprint encompasses all aspect of the facility management and asset maintenance in line with “Dasar Aset Kerajaan 2007 “including public awareness for mindset change within the community to value and preserve the assets and infrastructures around them. The blueprint was completed in December 2010.


Investment on public bus infratsucture and services are expected to bring quality living to the Iskandar Malaysia

Promoting walking and cycling in Iskandar Malaysia to achieve low carbon environment

BUS RAPIT TRANSIT (BRT) SYSTEM

Skudai Hub

Tun Aminah Hub

The BRT station is designed as elevated structures with ticketing facilities for every station. The platform is at the ground floor, and the ticketing area is located on the top floor. Every BRT station is covered with canvas roof (tensile structure) in order to have a casual impression on the station.

The BRT station is designed as elevated structures with ticketing facilities for every station. The platform is at the ground floor, and the ticketing area is located on the top floor. Every BRT station is covered with canvas roof (tensile structure) in order to have a casual impression on the station.

8000mm

8000mm

3000mm BRT interchange area

ramp

ramp

rampramp

turnstill turnstill

ticket booth

ticket booth


The preparation of blueprints involved all related government agencies in State and Federal as well as relevant stakeholders. The engagements are organised through workshops, Focus Group Discussions and meetings.

CONSERVING AND PROMOTING HERITAGE AND CULTUREA blueprint on heritage and culture was completed and endorsed by AIC in April 2010. The blueprint known as Area Character Statement outlined strategies to conserve and develop heritage and culture as identity and for future generation.

A steering committee was formed to provide direction and guidance on proposals from the blueprint.

A talk called ‘Bicarawara Kepentingan WarisandanBudayadiDalamPembangunan di Iskandar Malaysia ‘ was held on 3rd November 2010 at Bukit Timbalan, Johor Bahru City. The objective of the talk was to create awareness among the targeted group on the importance of historical values in developing Iskandar Malaysia. The Bicarawara series will be the platform to promote Area Character Statement initiatives.

Featuring 7 speakers from different backgrounds, the Bicarawara touched on the history of Johor, Johor Culture, Tourism Opportunities and the stories about JB in the early years. Special appearance by Dato’ Rahim Ramli (secretary of the Johor Council of Royal Court), Dato’ Dr. Harjit “Doctor Cricket” Singh, and Datin Patricia Lim (Author of JOHOR) to share their experience living in JB for the last 50 years.

This first Bicarawara Siri Pertama attracted almost 200 participants which included administrators, corporate, teachers, professional bodies and NGOs.

ABudayaandWarisancarnivalwasheld on 31 December 2010 at Johor Bahru City to spearhead and promote the city as venue for cultural activities and performances. IRDA and MBJB have decided to welcome in the year 2011 with arts, culture and dance at the JB Bazz Culture and Heritage Carnival on 31 December 2010 in conjunction with Sambutan Hari Bandaraya.

The carnival, which started from 8.00pm onwards, covered Jalan Tan Hiok Nee, JB Bazz (Jalan Segget), Jalan Ungku Puan and Jalan Meldrum. The performances were performed at several pocket spaces around JB City so that the visitors and spectators could see and experience Johor Bahru’s streets and architecture.

A collaborative effort by the Majlis Bandaraya Johor Bahru (MBJB) and Iskandar Regional Development Authority (IRDA), some of the programmes lined up were cultural processions, dances, band performances and lucky draws.

Moving forward, more cultural activities will be promoted actively in year 2011 along with two (2) other key activities ; Naming of buildings, street and development and Conservation of Heritage buildings and site in Iskandar Malaysia.


Preserving Johor cultural, arts and dance. Zapin dance was performed during JB Bazz Culture and Heritage Carnival, 31 December 2010

Y.B Dato’ Rahim Ramli, special guest speaker presenting in the First Bicawara Siri Pertama held on 3 November 2010

Multiracial cultural activities and dance were performed during JB Bazz Culture and Heritage Carnival, 31 December 2010

IRDA exhibited in the First Bicawara Siri Pertama at Bukit Timbalan 3 November 2010

FLAGSHIP CWESTERN GATE DEVELOPMENTFlagship C is located within the south-western region of Iskandar Malaysia.

Besides the Port of Tanjung Pelepas (PTP), other key landmarks here include Ramsar sites (Mukim Sungai Karang and Hutan Simpan Kekal Sungai Pulai), the Tanjung Bin Power Plant, the Second Link Access to Singapore and medium density residential areas (from PTP towards Leisure Farm).The key economic activities in Flagship C are port and marine services, warehousing, logistics, engineering, hi-tech manufacturing, food production, petrochemical industry and entreport trade. Flagship C boasts a logistics centre, regional distribution centres, regional procurement centres and utilities (power).

Ramsar, World Heritage Site


SOCIAL DEVELOPMENT

Ultimately it is our human capital that will translate into reality Malaysia’s vision of a metropolis of international standing. The Human Capital Project Office (HCBPO) has been given the responsibility of developing our human assets in line with the strategies and plans laid out in the Iskandar Malaysia Human Capital Blueprint (IMHCB) to ensure a steady and sustainable supply of talent to meet the corridor’s growing human capital needs.

NARROWING THE TALENT GAPDuring the year in review, IRDA has worked closely with the various ministries, state government and industry players to help narrow the supply and demand gap for talent within Iskandar Malaysia and the State of Johor.

JOBSMALAYSIA PORTAL ENHANCEMENTSet up by the Ministry of Human Resources (MOHR), the JobsMalaysia portal is an automated online job matching system that was launched on 30 May 2002. Available nation-wide and at no charges, the portal provides a vital link that matches job seekers with potential employers. Through a collaborative effort between IRDA and MOHR, the portal has now been enhanced and has successfully gone live on 29 June 2010.

Leveraging on the existing JobsMalaysia database, the enhanced portal is benefiting the Iskandar Malaysia community and Malaysians in general by providing job seekers with timely information on employment opportunities in Iskandar Malaysia. Employers can also access in their search for potential candidates to fill job vacancies. The portal can be accessed via the following links:

• JobsMalaysiaportal http://jobsmalaysia.gov.my/jcs/ Jobsmgeneral/economiccorridor.faces• IskandarMalaysiawebsite http://www.iskandarmalaysia.com.my/

employment-opportunity• IskandarMalaysiaHumanCapital

Network (IMHCN) portal http://www.imhcnetwork.com.my/

Hrp/employmentopportunity/main

ISKANDAR MALAYSIA CAREER FAIRSDuring the year, IRDA has collaborated with the Labour Department, MOHR to organise three career fairs in Iskandar Malaysia to address the intrinsic shortage of talent within Iskandar Malaysia.

A total of 81 companies drawn from all nine targeted economic sectors participated at the three career fairs. A total of 4,510 vacancies were available to job seekers, ranging from administrative to supervisory positions with a minimum monthly salary of RM750.00. A total of 2,365 positions were taken up by job seekers attending the three career fairs.

SCHOOL LEAVERS TRACKING SYSTEM WiththesupportofMOHR,IRDAhas collaborated with the Ministry of Education to establish a tracking system for school leavers to meet Iskandar Malaysia’s human resource requirements. The project aims to create a comprehensive database of school leavers who have not gone on to pursue tertiary education as a potential talent supply for Iskandar Malaysia.

The School Leavers Tracking System was launched by the State Education Director on 9 November 2010 and is being implemented in 44 schools as pilot projects. The tracking system has already identified 6,468 candidates who have secured less than five credits in their SPM examinations during 2009.

The data collated will be shared with MOHR to develop and execute suitable talent intervention strategies that match school leavers to potential employers or training providers who are willing to equip the candidates with the appropriate skills relevant to the job market in Iskandar Malaysia.

TALENT DEVELOPMENT PROGRAMMESBased on the positive outcome from the past 13 Talent Development Programmes conducted in 2009, four new programmes have been launched in 2010. The new up-skilling, re-skilling and pre-employment programmes were conducted by the appointed training providers from August till December 2010.

On Track For SuccessSocial Development


The up-skilling and re-skilling programmes were specially tailored to meet the requirements of the fibre optics and services industry, which includes tourism, hospitality and homestay segments. Besides supporting the developing of the economic clusters, these programme will also increase community and stakeholder participation in Iskandar Malaysia.

A total of 571 participants, comprising both school leavers and graduates, have benefited from these programmes. Upon completionoftheirtraining,almost90%of the trainees have been employed by several companies, notably in the hospitality and telecommunications industries. Among those who opted for the homestay training programme, many are now ready to become entrepreneurs in their own right as operators of their own homestay business.

The training programme has also equipped participants with a better grasp of the English language, enabling them to communicate more effectively with tourists from other countries.

The pre-employment programme, also known as the Young Graduate Core Training Programme (YGRACT), has been designed to equip graduates with the relevant core soft skills and practical experience through a mix of classroom training and internship programmes to improve employability.

A total of 261 candidates comprising graduates participated in this programme. Most have since been placed in respective companies within Iskandar Malaysia, while some are still undergoing an internship programme.

COLLABORATION WITH FEDERAL MINISTRIES AND AGENCIES IRDA would not be able to address all the human capital issues on its own without the support and cooperation of Federal Ministries and Agencies. A smart partnership and strategic collaboration has been established at both Federal and State level to ensure that identified initiatives are reviewed and implemented as planned.

Examples of such fruitful cooperative efforts abound and they include the JobsMalaysia Portal Enhancement project and the establishment of a special Steering Committee to oversee and lead in the implementation of all HCBPO’s initiatives that involved MOHE.

Iskandar Malaysia Career Fair, Pasir Gudang 3 to 4 June 2010

Talent Development, Homestay & Hospitality

Motivational and mindset Change Program - UPSR Students


Ample job opportunities for both graduates and non graduates level

Ample job opportunities in Manufacturing and Services Sectors in Iskandar Malaysia

Year No of Jobs Graduate Non Graduate

2009 73,235 7,833 65,402

2010 84,622 5,243 79,379

Year No of Jobs Manufacturing Services

2009 72,060 52,503 19,557

2010 76,227 50,653 25,574

IRDA has also worked closely with MOHR to promote and create more awareness on MOHR’s Accreditation of Prior Achievement and National Dual Training Systemprogrammes.Withtheassistanceof the Ministry of Higher Learning (MOHE), IRDA is striving to gradually increase the percentage of subjects conducted in the English language at institutions of higher learning (IHL) at Iskandar Malaysia.

To provide a world-class learning environment, IRDA is also making concerted efforts to engage industry experts to lecture at Iskandar Malaysia’s IHLs on a part-time or contractual basis. IHL lecturers from reputable international/foreign universities will also be employed as guest lecturers.

WithUnitPerancangEkonomiNegeriJohor (UPENJ), IRDA is creating a classification system of skilled workers to facilitate the placement of local talent residing in or outside Iskandar Malaysia, which will allow for the controlled and timely migration of foreign workers. Another initiative is to retain the female workforce in the labour market.

The help of the Ministry of Tourism has been enlisted to promote the Hospitality Industry Apprenticeship Scheme for school leavers. IRDA is also working with the Ministry of Education to promote and increase awareness of the Malaysian University English Test (MUET) programme among secondary school students.

SME DEVELOPMENT PROGRAMME

Small and Medium Enterprises (SMEs) are the backbone of the Malaysian economy from the perspective of their sheer numbers, employment opportunities and contribution to economic development.

They will continue to be the building blocks for economic growth as Malaysia forges ahead to become an industrialised nation by the year 2020. In the light of the importance of SMEs to the Malaysian economy, several initiatives were launched by IRDA.

Talent Development, Homestay & Hospitality


INTERNATIONAL BUSINESS START-UP PROGRAMME IRDA has organised an international SME event attended by Chief Executive Officers, Managing Directors and Founding Members of over 200 SMEs in Southeast Asia. The event is the result of a collaborative effort undertaken with the United States Embassy and Global Entrepreneurship Sdn Bhd.

The SME business-matching and international networking programme provides a useful platform to start up a new business venture, bringing together entrepreneurs and investors from all over the world to transform great ideas into a viable business.

This programme has already witnessed the participation of 15,000 aspiring entrepreneurs, resulting in the start up of 560 new companies. As part of this programme, a mentor is selective for every 4-5 participating SMEs.

The programme also has the active support of the US Government who will sponsor a week-long business trip to Silicon Valley, California for the winner of the Business Start-Up Open Competition and also assist SMEs that intend to pursue their business internships overseas.

ISKANDAR COMMERCIAL PORTALDuring the year, IRDA also launched the Iskandar Commercial Portal (ICP), currently available on the Iskandar Malaysia website. Developed by IRDA, the

Iskandar Commercial Portal is the digital version of the ‘Yellow Pages’ collating the information from all contractors representing diverse industries under one portal.

This is an invaluable database for international and large investors in their quest for local suppliers and contractors. For the 250 companies that have so far been registered, the portal provides useful information about the opportunities and contracts available in both government and private sectors.

INTERNET ENTREPRENEURSHIP PROGRAMME FOR SINGLE MOTHERS A programme called the Internet Entrepreneurship Programme for Single Mothers was launched in collaboration with the Multimedia Development Corporation (MDeC). The objective of this programme is to assist SMEs run by single mothers to enhance their product exposure, marketability, brand and sales via the Internet.

Hosting costs are borne by MDeC for one year, while participants will have to undergo a 3-day training programme to develop their personal or company website. Participants are then monitored for a year to check on their progress.

Some 25 participants/companies were selected for the initial intake, and within the first few months after their product/corporate website was set up, there has beena30%increaseinsales.


International Business Start -Up Programme, September 2010

Internet Entrepreneurship Programme for single mothers, September 2010



SOCIAL INCLUSIVENESS

1AZAM -ERADICATING HARDCORE POVERTYUnder the Government Transformation Programme, one of the core goals of the National Key Results Area is to improve the living standards of Malaysians in low-income households (NKRA-LIH) and to reducethenation’spovertyrateto2.8%by December 2010. The responsibility for the execution of NKRA-LIH has been vested with the Implementation ManagementOfficeoftheWomen,Familyand Community Development Ministry.

To achieve the objective of NKRA-LIH, a programme called Akhiri Zaman Miskin (End the Poverty Era – 1AZAM) was launched for nation-wide implementation on 27 July 2009. 1AZAM is a starting point towards assisting and preparing the target group to realise the economic opportunities that are available to upgrade their living standards and household income. Under this programme, a total of 90 households with monthly earnings of less than RM440 have been selected to participate in any of the four programmes:

Azam Niaga : To generate business opportunities through training and micro-credit facilities

Azam Tani : To generate income through an action plan with the Ministry of Agriculture

Azam Khidmat : To focus on training efforts and equip participants to play a more more active role in the services sector

Azam Kerja : To ensure employment opportunities through job matching and Placement in collaboration with the Human Resources Ministry

IRDA is working closely with various federal agencies as well as state departments to ensure the success of 1AZAM. During the year under review, IRDA organised two Open Days to brief participants on the four programmes offered. Participants were encouraged to register their interest with the implementing agencies.

Through intensive training and counseling, IRDA has succeeded in changing the mindsets and outlook of participants under the 1AZAM programme. Participants have been motivated to become more self-reliant and to be more entrepreneurial in their outlooks. As a result of these efforts, the number of hardcore poor households has progressively been reduced over an 8-month period, from May till December 2010.

NURTURING FUTURE LEADERS IRDA and the Johor State Department have joined forces to launch a programme to groom high-potential students to become the future leaders and captains of industry. This programme is a strategic fit to the Iskandar Malaysia Human Capital (IMHC) Blueprint strategies to develop talents to fill key positions in the corridor. A total of 20 Form Four students representing the crème de la crème of 100 nominations received from schools all over Johor was hand-picked to form the pioneering group of the Johor Student Leaders Council (JSLC).

HRH Raja Zarith Sofia binti Sultan Idris Shah, Sultanah of Johor presenting an award to a Form Four student in the Johor Student Leaders Council (JLSC) in November 2010


The first batch of students have already undergone a stringent battery of development and training programmes to ensure they are equipped with the right skills in a wide array of areas that include leadership and diplomatic skills, international relations, protocol and etiquette, communications, presentation and negotiation skills and programme management.

These programmes were conducted internally by experts from the Education Department as well as professionals from the Institute of Diplomatic and Foreign Relations. As an integral part of the programme to give participants international exposure and develop networking opportunities, the first batch of 10 students attended a two-week camp in Neuberg, Germany, while the second batch attended an international conference in Singapore.

The team spirit and organizational capabilities of the students was also tested when they were required to organise two major events. The first was a charity dinner graced by HRH Raja Zarith Sofia binti Sultan Idris Shah, Sultanah of Johor attended by 800 guests, while the second was an international conference for 350 students coming from countries as far away as Australia, Oman, Indonesia, South Korea, Thailand and India.

TRAIN THE TRAINER PROGRAMMEIRDA and the Johor Education Department have collaborated on a programme called the Iskandar Malaysia Motivational and Mindset Change Programme. The objective of this programme, targeted at UPSR, PMR and SPM students performing below par, is to instil a mindset change so that participants are aware of the opportunities available to them in line with the Iskandar Malaysia vision.

Besides equipping students with key learning techniques, the programme was also designed to provide students with the necessary life skills for future success. More than 600 students and teachers were selected for the pilot programme which commenced in March 2010 and will run until July 2011.

Kicking-off the programme, IRDA has conducted the ‘Train the Trainer’ programme for 40 counselling teachers in December 2010, who will serve as change agents and representatives of Iskandar Malaysia in schools. The programme included updates on developments within Iskandar Malaysia, overview of the IMHC Blueprint, job creation projections and career opportunities available within Iskandar Malaysia from 2011 until 2025.

It is envisaged that more teachers will be joining the programme in 2011 to reach IRDA’s target of having one change agent in every school in Iskandar Malaysia. Teachers will also be taken on site visits and will participate in dialogue sessions with industry and human capital practitioners to give them the required exposure.

REHABILITATING LOW-COST FLATS A group of 140 youths from Iskandar Malaysia have been selected to undergo a skills development programme in the construction and maintenance industry. As part of the practical training, participants will gain hands-on experience in rehabilitating three dilapidated low-cost flats in Iskandar Malaysia.

Successfully launched in 2009, the programme is a collaborative effort with the Construction Industry Development Board (CIDB) and its training arm, Akademi Binaan Malaysia (ABM) which promotes the development and upgrading of skills among construction personnel.

The ‘train and apply’ approach is a first for Malaysia where, after two weeks of classroom training, students are expected to utilise what they have learnt in a real life situation. This involved the refurbishment and repainting of 3,540 units of low-cost flats. The programme commenced in December and will be completed in April 2011.

Upon completion of their training, the participants will be given skills certifications and accreditations from CIDB, making them more marketable as semi-skilled workers. Apart from assistance in getting employment, especially within Iskandar Malaysia, trainees also benefit from programme modules in entrepreneurship and marketing, which will prove useful for those who decide to venture into setting up their own small businesses.


Mind Setting E-Kasih , IRDA Danga Bay Office, 25 May 2010

1Azam Open Day, Pasir Gudang, 15 May 2010


FLAGSHIP DEASTERN GATE DEVELOPMENTPasir Gudang is located 30 km east of Johor Bahru, at the end of the city’s metropolitan area.

A key component of Iskandar Malaysia, Flagship D covers Pasir Gudang Port, Pasir Gudang Industrial Park, Tanjung Langsat Port and Tanjung Langsat Industrial Complex. Key economic activities in the Pasir Gudang area are electrical and electronic (E&E), chemical, oleochemical, chemical biofuels, food products, engineering-based industries, ports and logistics, warehousing, research and development (R&D) and plastics

Johor Port, Pasir Gudang


HUMAN CAPITAL MANAGEMENT

On Track For SuccessHuman Capital Management

EmployeeEngagement

Think

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Overall / Division Staff Strength Survey Return Response Rate

IRDAEES2008 99 92 92.9%

IRDAEES(PULSE)2009 119 111 93.3%

IRDAEES2010 165 159 96.4%

EMPLOYEE ENGAGEMENT SURVEYIRDA has been participating in the Employee Engagement Survey for three consecutive years. In 2010, IRDA engaged theservicesofTowersWatson,aleadingglobal professional services company and one of the pioneers in measuring and improving employee engagement.

Empirical evidence suggests that fully engaged employees can have a positive impact on their organisation’s performance. By conducting the survey IRDA aims to give employees a platform to voice their opinions and ideas, which in turn, will provide valuable insights to drive the organisation forward.

Witharesponserateof96.4%andanengagementscoreof88%,thesearethebest ever results achieved since the survey wasconducted.BasedonTowersWatson’snorms, the numbers achieved suggest that our workforce is more engaged than other organisations in Malaysia and even global high performing organisations.

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INTERNATIONALSTANDING

ENGAGE ENVISION ENABLE INTEGRITY

Learning & Development Critical “Competency Cluster” & “Values”

TO CREATE ISKANDAR MALAYSIA AS THE FIRST CHOICE TO INVEST, LIVE, WORK & PLAY

Support Balanced & Sustainable Development

Meet & Exceed Investor’s &Shareholder’s Needs

Develop Completitive Advantage By Distinguishing

Iskandar Malaysia Attributes

Deliver Value for the Customer

Collaborate SmartlyWith Government

StakeholderManagement

Job TechnicalSkills

Personal Effectiveness

ProjectManagement

Quality & LeanManagement

Leadership & Staff Dev.

Brand & Image Promotion

IRDA Culture &Teaming

New ProductDevelopment

BusinessDevelopment

Bring Benefitsto the Rakyat

Add Value to ourEmployees

Sustain BalanceDevelopment For

Mother Nature

Towers Watson Innovative Engagement Model

Employee Engagement Survey Trend


On Track For SuccessHuman Capital Management

CULTURE TRANSFORMATION INITIATIVESIn 2010, IRDA embarked on a Culture Transformation Journey that involved the top management, namely, the Chief Executive, Chief Operating Officer and the respective Division Heads.

The Culture Transformation Journey was kicked-off in early May with a Culture DesignWorkshopattendedbySeniorManagement, followed by Preparation WorkshopattendedbytheCultureTransformation Team. The proposal was presented to Senior Management and a Culture Blueprint was drawn up. The Culture Transformation Team met again in July 2010 to fine-tune the blueprint prior to its implementation through a series of teambuilding and culture awareness programmes.

Orange Team

IRDA Family Day, 27 and 28 March 2010

IRDA Appreciation Dinner, 28 December 2010

Blue Team

Green Team

Purple Team

EMPLOYEE RELATIONS ACTIVITIES WorkandPlayaretwoimportantcomponents of Iskandar Malaysia’s vision.Whilewebelievethathardwork is a bed-rock element of Iskandar Malaysia’s success to date, this must be complemented by time set aside for play.

The 2010 calendar of events include a wide array of employee related activities, which includes annual stalwarts as the IRDA Family Day and Appreciation Dinner and various gatherings associated with Malaysia’s many festivities. Sports is an important part of IRDA’s social calendar and all staff are assigned in houses that are represented by the corporate colours. Many friendly games and matches were organised throughout the year.

LEARNING & DEVELOPMENT CURRICULARLearning & Development is a key priority at IRDA and forms an integral part of the Key Performance Indicators. During the year under review, 14 out of 18 planned learning and development programmes were rolled out for all levels of staff.

Apart from building core competencies, the programmes were also designed to develop soft skills in employees.


CORPORATE PERFORMANCE MANAGEMENT

On Track For SuccessCorporate Performance Management

The Corporate Performance Management Division was formed as a result of a synergistic merger between Corporate Planning and Programme Management Office functions. Hence, Corporate Performance Management is responsible for facilitating the formulation and alignment of IRDA’s objectives and strategies to national direction in realising the vision of Iskandar Malaysia. Performance of each functional Division within IRDA is monitored monthly against agreed outcome-based Key Performance Indicators (KPIs) to deliver targeted results.

As a development authority, IRDA facilitates the implementation of many high impact Strategic Projects for the benefit of Iskandar Malaysia. Corporate Performance Management provides the vital Programme Management Office capability to monitor and drive its key priority Strategic Projects to ensure timely completion within cost, as well as ensure delivery of the projects’ intended outcomes and benefits to the Iskandar Malaysia community and stakeholders.

In 2010, Corporate Performance Management managed 43 Strategic Projects under 11 Programmes within its portfolio which ranged from blueprinting, infrastructure development, economic and social/human capital related projects.

Programme Number of Projects

1 Iskandar Malaysia Comprehensive Development Plan (CDP) Blueprints 10

2 Safety & Security 2

3 Bus Industry Restructuring 4

4 Johor Bahru (JB) Transformation 3

5 Public Housing 1

6 Roads 8

7 Rivers & Drainages 8

8 Iskandar Malaysia Information Centre (IMIC) 1

9 Investment & Marketing (I&M) 2

10 1AZAM 1

11 Human Capital (HC) 3

TOTAL 43


On Track For SuccessCorporate Performance Management

Corporate Performance Management ensures that the project management discipline and standards are adopted by all Project Teams. This includes adherence to the necessary project governance, methodology and processes. These tools are based on international project management best practices and standards to promote better discipline in project management, which in turn increases project delivery success and reduces project risk.

Corporate Performance Management also worked with and propagated these best practices to its partner agencies such as UPENJ and MBJB for jointly implemented projects in 2010.

Explanation on Project Management best practices

Interaction among participants and trainers Hands on training on Project Management tools and templates

Briefing session on Project Management methodologies


IRDA RISK MANAGEMENT

On Track For SuccessIRDA Risk Management

Implementing risk management ensures that IRDA, as an organization identifies, evaluate, control and monitor risks to which it is exposed. It also assists IRDA to ensure there is an ongoing and consistent process for identifying, evaluating, escalating, monitoring and reporting significant risks faced by IRDA.

The development of IRDA’s Risk Management Framework was initiated in May 2010. The framework was finalised and presented to the Audit Committee on the 2nd November 2010, where it was subsequently placed under the purview of the Executive Committee (EXCO). At the 9th MoA meeting on the 29th Nov 2010, the IRDA’s Risk Management Policies and Procedures were approved.

A total of 22 strategic risks were identified against IRDA’s 7 objectives and is being monitored by the respective risk owners. These identified risks and their mitigation measures will be reviewed at least once a year to take into consideration the constant changing internal and external environmental factors impacting Iskandar Malaysia. The governance and reporting structure for risk management oversight are well defined as below to ensure both operational as well as strategic risks are captured and addressed accordingly.

The roles of the Risk Management Committee include:

i. Review and ensure high-level risk strategies/policies are aligned with IRDA’s strategic plans/objectives;

ii. Identify and communicate to the EXCO on the significant and critical risks (present or potential) IRDA faces, its changes and the management action plans to manage the risks;

iii. Provide guidance to department on IRDA’s risk measurement and assessment, and other criteria, which, when exceeded, must be cascaded upward to the EXCO;

iv. Primarily responsible for the review of the risk management process; and

v. Monitor the effectiveness of control measures to ensure changing circumstances do not alter risk priorities.

MEMBERS OF AUTHORITY

EXCO

Internal Audit

Risk Management Committee(RMC)

Risk Working Group(RWG)


On Track For SuccessInformation & Communications Technology

INFORMATION & COMMUNICATIONS TECHNOLOGY

As an iconic development of the 21st Century, the availability of a robust Information & Communications Technology infra-structure is imperative to realising the vision of a strong and sustainable metropolis of international standing. During the year, the Information & Communications Technology infrastructure in Iskandar Malaysia continued to be developed in line with the Information & Communications Technology blueprint.

BROADBAND PENETRATION In 2007, the Government has set a target toachievea50%broadbandpenetrationinto all Malaysian households by the end of 2010.ThetargetsetforJohorwas46.9%,but owing to concerted efforts of the various parties involved, it has exceeded thistargetwitha51.5%householdpenetration rate as at the end of 2010.

Broadband services in high economic impact areas such as Iskandar Malaysia have been targeted for upgrading to provide a higher speed of more than 10Mbps. To this end, the Government has signed a Public Private Partnership (PPP) agreement with Telekom Malaysia Berhad (TM) to roll out the high speed broadband infrastructure at selected areas. In 2010, TM has rolled out UniFi in Nusajaya, Skudai and Senai industrial areas.

In rural areas, the Government plans to bridge the digital divide by expanding the broadband and cellular coverage under the Universal Service Provision (USP) initiative under the auspices of the Malaysian Communication and Multimedia Commission (MCMC).

Broadband is one of the enablers for a knowledge-based economy. By achieving a50%targetintheimplementationof broadband, this has the potential of creating 135,000 new high-value jobs in the Information & Communications Technology sector, besides other spin-off benefits in other related sectors.

IRDA serves as the Secretariat of the Broadband Committee in Iskandar Malaysia, which is co-chaired by the MCMC and the Johor State Government. The primary objectives of the committee are two-fold: firstly, to ensure that the broadband penetration rate in Iskandar Malaysia and Johor meets set targets and secondly, to resolve any issues faced by service providers expediently.

GOVERNMENT REGIONAL ELECTRONIC ADVANCEMENT TRANSFORMATION (GREAT) This is an extension of the eKL project that will be implemented in all five economic corridors in Malaysia. Among the economic corridors, Iskandar Malaysia had the honour to be selected as the pilot for the implementation of the GREAT initiative.

Key to the GREAT programme is an online service in which participating government agencies will provide up-to-date information on all its activities and projects, thereby allowing the public to gain access to information with ease without having to go through the traditional channels.

The objective is to enhance the efficiency and quality of the various government service delivery systems to the business community and the public at large. It will enable various government and technical agencies as well as local authorities to collaborate efficiently, with the end goal of reducing the time required to process applications.

Taking the lead, the Malaysia Administrative Modernisation and Management Planning Unit (MAMPU) has organised a Focus Group Activity and two lab sessions to discuss and brainstorm the GREAT programme framework.

Government Regional Electronic Advancement Transformation (GREAT), 13 and 14 December 2010


BANDAR MSC CYBERPORT FRD A focus results delivery session was conducted during the year to accelerate the development plans for Bandar MSC Cyberport in Kulai. Cyberport Sdn Bhd, the management company, is a PPS company spearheaded by the Johor State Government to create a global Information & Communications Technology business hub with a world-class living environment within Iskandar Malaysia catering to the needs of Information & Communications Technology companies from all over the world.

Bandar MSC Cyberport is a new mixed development project that will be developed on a 150-acre free-hold site in Indahpura, Kulai, which has been positioned as the MSC Malaysia Cybercity in Johor. Strategically located at the meeting point of the North-South Expressway and the Second Link Highway, it is easily accessible from Kuala Lumpur and Singapore. The proposed project will be developed in three phases, with an estimated gross development value (GDV) of RM1.16 billion (USD341.0 million). The first phase will span a period of 10 years beginning 2010 and will encompass an area of 31.24 acres.

In line with the development approach for Iskandar Malaysia, Bandar MSC Cyberport will have the necessary infrastructure facilities and the clustering effect to create an enabling environment for techno-preneurs to nurture and grow their businesses. Its state-of-the art infrastructure includes service apartments, commercial and office space, research & development centres, cyber-incubators and a transport hub. The new township promises a lifestyle of interactive convenience with a fully networked community with broadband access and wireless local area network.

INFORMATION & COMMUNICATIONS TECHNOLOGY


Radio Frequency Identification (RFID) Road show - IRDA Danga Bay Office, 29 July 2010


RADIO FREQUENCY IDENTIFICATION (RFID) ROAD-SHOW In a collaborative effort with MCMC, a RFID road-show was organised on 29 July 2010, bringing together manufacturers, suppliers, vendors, system integrators and other industry players. Apart from showcasing RFID technology, the road-show served as a platform for industry experts to share their ideas and thoughts on business models, RFID trends and changing consumer expectations among others.

MISTI JOHOR 2010 Responding to the clarion call of the Malaysian Prime Minister to designate the year 2010 as a Creativity and Innovation Year en route to achieving Vision 2020, IRDA was one of the platinum sponsors for the Johor Science, Technology and Information &CommunicationsTechnologyWeek(MISTI Johor 2010). Apart from promoting public interest and exposure to the latest developments in science, technology and Information & Communications Technology, the event also presented an opportunity to showcase the latest developments in

Iskandar Malaysia and the establishment of the Johor State New Administrative Centre. A wide array of activities were organised in conjunction with the week-long event, which saw the participation of some the biggest industry players representing both the public and private sectors. More than 250 exhibition booths were set up to showcase the latest innovations in products and technology. IRDA participated in the event alongside established names such as Titan Chemicals Corp Sdn Bhd, IDR Resorts Sdn Bhd (Legoland) and Geo Sense Sdn Bhd, to cite a few examples.


Johor Science, Technology and ICT Week (MISTI), 22 to 27 June 2010 Johor Science, Technology and ICT Week (MISTI), 22 to 27 June 2010


ISKANDAR SERVICE CENTRE

Since its establishment in 2007, the Iskandar Service Centre has proven its effectiveness in providing timely comprehensive facilitation and processing services, which is one of the most critical components in determining the overall speed of development in Iskandar Malaysia.

The Iskandar Service Centre has continued to increase in both size and capacity in tandem with the number of enquiries it has received from investors and

developers who are keen to participate in the development of Iskandar Malaysia.

As a one-stop centre, the Iskandar Service Centre offers facilitation services that cover both physical development (land, planning infrastructure and buildings) as well as investment facilitation (business processes, immigration, licensing and Customs).

PHYSICAL DEVELOPMENT The time required in processing and expediting approvals has been further reducedby19.29%in2010.Theimprovement achieved by Iskandar Service Centre was measured against the normal process of channeling the requests to the respective government agencies.

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Committed Timeline(in working days)

19.3% increase in timeline for application processing

Physical Development

• Land• Planning• Infrastructure• Building

• Business Processes• Immigration, Licensing & AlC• Incentives• Service Centre

InvestmentFacilitation

On Track For SuccessIskandar Service Centre

One Stop Centre Facilitation Service Application Processing Timeline


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Total MACS Approval Applications2009 : 1,4402010 : 36,168


MACS 2010 approved application

Artist Impression of Iskandar Malaysia Information Centre (IMIC)

MALAYSIAN AUTOMATED CLEARANCE SYSTEM In line with supporting the economic development of Iskandar Malaysia, the Malaysian Automated Clearance System (MACS) was developed to fast-track immigration clearance for non-Malaysian investors, business persons and professionals. MACS holders benefit from faster immigration auto gate processing via access to dedicated entry and exit MACS lanes and are also excluded from the requirement of completing the immigration arrival card. All entry and exit records are made online, thereby minimising the use of passport pages.

From January 2010, the MACS facility has been extended to frequent travellers from Singapore, defined as someone who travels to Malaysia at least four times within a one-month period via the causeway or second link. A total of 36,168 MACS applications were approved in 2010, ofwhich98.5%werefromSingaporeans.

ISKANDAR MALAYSIA INFORMATION CENTRE (IMIC) The realisation of Iskandar Malaysia’s vision and objectives is strongly dependent on the support and buy-in of Iskandar Malaysia’s key stakeholder. Towards this purpose, Iskandar Malaysia Information Centre will be established at the Danga Bay Convention Centre to provide an effective and interactive platform to communicate and engage with investors and the Iskandar Malaysia community at large.

The Iskandar Malaysia Information Centre will feature all five flagship zones established within Iskandar Malaysia, namely, Flagship A (Johor Bahru City Centre), Flagship B (Nusajaya), Flagship C (WesternGateDevelopment),FlagshipD(Eastern Gate Development) and Flagship E (Senai-Skudai).

Occupying a total floor space of 19,057 square feet, the Iskandar Malaysia Information Centre is set up to reflect the vision of Iskandar Malaysia as the first choicetoInvest,Work,LiveandPlay.


Iskandar Malaysia Information Centre has been conceptualised to showcase the progress of various developments within Iskandar Malaysia and achieve the following objectives:

• Buildbrandawarenessandcraftahigher visibility for Iskandar Malaysia among local communities

• Disseminateaccurateandtimelyinformation on developments within Iskandar Malaysia

• Communicateinvestment-relatedissues clearly and accurately to current and potential investors

• Serveasaone-stopcentreforallinformation on Iskandar Malaysia, for investors, developers, business people, tourists and visitors alike


Artist Impression of Iskandar Malaysia Information Centre (IMIC) Artist Impression of Iskandar Malaysia Information Centre (IMIC)

Artist Impression of Iskandar Malaysia Information Centre (IMIC)

99

FLAGSHIP ESENAI – SKUDAISenai-Skudai development is located within the northern region of Iskandar Malaysia, and bound by Mukim Sedenak to the north; Gunung Pulai to the west; Mukim Tebrau to the south; and Seelong to the east.

Current key economic activities in Flagship E are airport services, engineering, electrical and electronics (E&E) and education. Going forward, Flagship E would also be the hub for agro and food processing, ICT and retail tourism. Apart from Senai International Airport, it is also the base for several major multinational electronics manufacturers. Other key landmarks in the Senai-Skudai area include Universiti Teknologi Malaysia (UTM) and Johor Technology Park

Senai International Airport

102 STATEMENT OF CORPORATE GOVERNANCE103 INTERNAL CONTROLS & COMPLIANCE105 ANNUALFINANCIALREVIEW107 CERTIFICATE OF THE AUDITOR GENERAL108 STATEMENT BY THE MEMBERS OF IRDA109 STATUTORY DECLARATION110 FINANCIAL STATEMENTS

102 STATEMENT OF CORPORATE GOVERNANCE103 INTERNAL CONTROLS & COMPLIANCE105 ANNUALFINANCIALREVIEW107 CERTIFICATE OF THE AUDITOR GENERAL108 STATEMENT BY THE MEMBERS OF IRDA109 STATUTORY DECLARATION110 FINANCIAL STATEMENTS

FINANCIALREPORT


AUTHORITY MEETINGSA total of two (2) Authority meetings were held on 30 April 2010 and 29 November 2010, for the year ended 31 December 2010. The details of the Members’ attendance are as follows:

NO. OF MEETINGSNAME DESIGNATION ATTENDED

Dato’ Sri Mohd Najib bin Tun Abdul Razak Co-Chairman 2/2

Dato’ Abdul Ghani bin Othman Co-Chairman 2/2

TanSriDr.WanAbdulAzizbinWanAbdullah Member 2/2

Datuk Noriyah binti Ahmad (Represented by Dato’ Sri Dr. Ali bin Hamsa, Director General, Public Private Partnership Unit) Member 2/2

Dato’ Haji Abd. Latiff bin Yusof Member 2/2

Dato’ Hamsan bin Saringat Member 2/2

Tan Sri Azman bin Haji Mokhtar Member 2/2

Tan Sri Dato’ Tan Kay Hock Member 2/2

Ismail bin Ibrahim Chief Executive / 2/2 Secretary

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 decisions made were minuted accordingly. The Authority has set up Committees and delegated certain responsibilities to the Executive Committee (“EXCO”) and the Audit Committee. The Committees operate with clearly defined terms of reference.

STATEMENT 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.

THE AUTHORITYThe Authority is the highest decision-making body in IRDA. There are eight Members of the Authority and it is co-chaired by Dato’ Sri Mohd Najib bin Tun Abdul Razak, the Prime Minister of Malaysia and Dato’ Haji Abdul Ghani bin Othman, the Chief Minister of Johor.

Other Members of the Authority are eminent members from the public and private sectors, who 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.

Financial ReportStatement of Corporate Governance


• PeriodicalreportingbytheManagement to the Authority and/or the Audit Committee on financial and performance indicators as well as key risk issues.

• Adetailedbudgetingprocessthatincorporates the input of all operational functions of 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.

• Externalauditsconductedonthefinancial statements of the Authority are under the statutory purview of the National Audit Department (Jabatan Audit Negara).

AUDIT COMMITTEEThe Audit Committee was set up to assist the Members of the Authority in fulfilling its oversight responsibilities for the:• Financialreportingprocess;• Systemofinternalcontrol;• Corporategovernance;• Riskmanagement;• Auditprocess,internalandexternal;

and• Compliancetolawsandregulations.

MEMBERSHIP AND MEETINGSThe Audit Committee (“AC”) comprised three members. The AC met two (2) times on 6 April 2010 and 2 November 2010 in the year ended 31 December 2010. The details of the members and their attendance are as follows:

INTERNAL CONTROLS AND COMPLIANCE

The internal control system of IRDA is designed to safeguard 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.

There is an on-going process for identifying, evaluating and managing significant risks faced by IRDA. This process includes updating the system of internal controls where there are changes to the operations and regulatory requirements.

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

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

• Documentedinternalpoliciesandprocedures that take into account the changing environment, risks and enhancement to processes.

• Establishmentofcommitteestoreviewand recommend on key areas such as evaluation of tenders, capital and operational expenditure, projects, human resource issues and other pertinent matters.

NO. OF MEETINGSNAME DESIGNATION ATTENDED

Tan Sri Dato’ Tan Kay Hock Chairman 2/2

TanSriDr.WanAbdulAzizbinWanAbdullah Member 2/2

Dato’ Haji Abd. Latiff bin Yusof Member 0/2

Financial ReportInternal Controls and Compliance


INTERNAL AUDIT DEPARTMENTIRDA’s Internal Audit Department (“IAD”) reports independently to the Audit Committee and appraises the system of controls of IRDA. Internal Audit Department assists the Audit Committee in the discharge of Audit Committee’s duties and responsibilities.

The principal roles of the Internal Audit Department are:

• Toensurethatasoundinternalcontrol system is in place and to provide reasonable assurance that such a system continues to operate satisfactorily and effectively for IRDA.

• Toprovideindependentandobjectiveevaluation of the operations with the view to add value and improve the operational efficiency, effectiveness and economy.

• Tohelptheorganisationaccomplishits objectives by bringing a systematic and disciplined approach to improve the effectiveness of risk management, control and governance processes.

• Toensurethattheinternalauditactivity is managed effectively and the results of the internal audit’s activities are communicated to the Audit Committee periodically.

• TheactivitiesundertakenbyInternalAudit Department are in conformance with the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors.

The Audit Committee carried out the following activities over Internal Audit Department during the year:• Reviewedandapprovedtheannual

internal audit plan to ensure adequate scope and coverage.

• ReviewedtheInternalAuditDepartment’s resources to ensure that the function is adequately resourced with competent and proficient internal auditors.

• ReviewedtheInternalAuditDepartment’s performance and activities in relation to the approved plan.

• Reviewedtheinternalauditreports which were tabled, the audit recommendations made and management’s response. The Audit Committee also directed management to rectify and improve the processes where appropriate.

• Monitoredthecorrectiveactionstakenon the outstanding audit issues.

Financial ReportInternal Controls and Compliance


ii) The reduction in the other income during the year was due to the decrease in profit sharing income to RM5.04 million (2009: RM8.47 million) as a result of the acceleration in development fund payments.

iii) Operational expenditure has decreasedby11%comparedtotheprevious year arising from:

a. IRDA’s efforts in cost savings and reduced spending in alignment with the lower government grants approved and received in 2010by13%(2010:RM65.00million, 2009: RM75.00 million).

b. Huge savings in promotion investments was made due to change in promotion strategy from a general awareness campaign to one that focuses on value for money. This involved less reliance on international consultants and a more targeted approach at selected markets and investors. This resulted in a reduction of promotional cost of31%.(2010:RM20.60million,2009: RM29.80 million).

c. In 2010, professional consultation fees was RM4.33 million (2009: RM8.65 million) and were mainly incurred for strategic projects such as the Tanjung Puteri Central Business District Heritage Tourism Pilot project, Jobs Malaysia Portal, Iskandar Commercial Portal (ICP) and Iskandar Malaysia Human Capital Blueprint Implementation.

ANNUAL FINANCIALREVIEW

The financial performance of 2010 reflects IRDA’s strategies in meeting its targets to ensure continuous investments and strengthening Iskandar Malaysia’s infrastructure and socio-economy.

For 2010, despite the challenging economic climate resulting in public spending curbs, IRDA was able to maintain its high standards and met all the targets that have been set.

INCOME STATEMENT IRDA’s performance in 2010 continues to be sound despite the global economic turmoil. As a federal government authority, IRDA relies on administrative grants from the federal government to finance its operational requirements. For the year under review, RM65 million was allocated by the Federal Government to enable IRDA to operate. The key financial highlights for the year ended 31 December 2010 are as follows:

i) For the year ended 31 December 2010, IRDA’s surplus of income over expenditure was RM0.09 million upon taking into account income of RM65 million from operational grants and other income of RM5.09 million with operational expenditures of RM69.99 million. Despite significant reduction in government grants, IRDA has managed its expenses within limits.

BREAKDOWN OF OPERATING EXPENSES FOR THE YEAR ENDED 31 DECEMBER 2010

Financial ReportAnnual Financial Review

Marketing & Promotions

45.0%

27.2%

6.2%

21.6%

Staff Cost & Benefits

Administrative Expenses

Professional Consulting Fees

Marketing & Promotions

45.0%

27.2%

6.2%

21.6%

Staff Cost & Benefits

Administrative Expenses

Professional Consulting Fees

(There is no significant change in expenditure trend for 2010 as compared to previous year)


c. Social Project Fund of RM52.86 million includes an accumulated profit share of RM3.05 million. The fund will be utilised in accordance to the Social Project Fund Steering Committee’s plan to finance social projects and schemes consistent with the strategies and initiatives as stated in the Comprehensive Development Plan (CDP).

iv) Other payables and accrued expenses consisted of contractual obligations under the operating fund that have been settled after the year end and contractual obligations under the development fund mainly due to the retention sum on progress payment of the Ninth Malaysian Plan projects.

v) The Authority did not have any outstanding capital commitment as at 31 December 2010.

Notwithstanding the reduction in government grants and the unpredictable global economic climate, IRDA has successfully operated within the budget constraints.

BALANCE SHEETi) As part of IRDA’s austerity drive,

investment on capital expenditure was curbed and limited to expenditure on replacements and improvements.

ii) Other receivables, deposits and prepayments increased by RM1.54 million(358%)duetocostsharingofpromotional as well as trade mission activities, apart from the increase in other deposits and prepayments arising from the organisation expansion.

iii) IRDA’s cash balance stood at RM374.59 million as at 31 December 2010 consisting of:

a. Operational cash balance of RM17.69 million that has been committed to professional consultancy fees, promotional costs and other operational expenditures approved by the management as well as two months operating expenditure reserve.

b. Development expenditure cash balance amounted to RM304.07 million mainly reserved for contractual obligations under the Ninth Malaysian Plan projects. During the year, government grants totalling RM1.00 billion were received and RM859.67 million were disbursed for various projects.

Financial ReportAnnual Financial Review


Financial ReportCertificate of the Auditor General

We, YAB DATO’ HAJI ABDUL GHANI BIN OTHMAN and Y. BHG TAN SRI DATO’ TAN KAY HOCK, being two of the Members of ISKANDAR REGIONAL DEVELOPMENT AUTHORITY state that, in the opinion of the Members, the accompanying Financial Statements which comprise the Balance Sheet, Income Statements, Statement of Changes in Equity and Cash Flow Statement together with the notes thereto, are properly drawn up as to give a true and fair view of the state of affairs of ISKANDAR REGIONAL DEVELOPMENT AUTHORITY at 31 December 2010 and of its operating results and cash flows for the year ended on that date.

On behalf of the Members,

Name : YAB DATO’ HAJI ABDUL GHANI BIN OTHMANPosition : Co-ChairmanDate : 18 April 2011Place : Johor Bahru

Name : Y. BHG TAN SRI DATO’ TAN KAY HOCKPosition : MemberDate : 18 April 2011Place : Johor Bahru

Financial ReportStatement By The Members

STATEMENT BY THE MEMBERS OF ISKANDAR REGIONAL DEVELOPMENT AUTHORITY

YAB DATO’ HAJI ABDUL GHANI BIN OTHMAN


We, ISMAIL BIN IBRAHIM and NOR HISHAM BIN MOHD YUSOF, the officers primarily responsible for the accounting records and financial management of ISKANDAR REGIONAL DEVELOPMENT AUTHORITY, do solemnly and sincerely declare that the accompanying Balance Sheet, Income Statement, Statement of Changes in Equity and Cash Flow Statement together with the notes thereto are, to the best of our knowledge and belief, correct and we make this solemn declaration conscientiously believing the same to be true, and by virtue of the provisions of the Statutory Declaration Act, 1960.

Subscribed and solemnly declared by the above named at Johor Bahru on this 24 January 2011.

ISMAIL BIN IBRAHIM NOR HISHAM BIN MOHD YUSOF(590508-01-6189) (681102-10-5089)

STATUTORY DECLARATION BY THE OFFICERSPRIMARILY RESPONSIBLE FOR THE FINANCIAL MANAGEMENTOF ISKANDAR REGIONAL DEVELOPMENT AUTHORITY

Financial ReportStatutory Declaration

NOR HISHAM BIN MOHD YUSOF


Group IRDA IRDA 2010 2010 2009 NOTE RM RM RM

Property, plant and equipment 3 3,668,652 3,668,652 4,314,947Investment in subsidiary 4 — 2 —

3,668,652 3,668,654 4,314,947

Current AssetsOther receivables, deposits and prepayments 5 1,507,905 1,507,905 1,978,449Cash and cash equivalents 6 374,592,967 374,592,965 200,875,282

376,100,872 376,100,870 202,853,731

Current LiabilitiesOther payables and accruals 7 83,412,422 83,412,422 54,254,122

83,412,422 83,412,422 54,254,122

Net Current Assets 292,688,450 292,688,448 148,599,609

296,357,102 296,357,102 152,914,556

Represented by:Operating Fund 21 ,576,485 21 ,576,485 21 ,483,410Special Development Fund 8 221 ,921 ,992 221,921,992 79,588,679Social Projects Fund 9 52,858,625 52,858,625 51,842,467

296,357,102 296,357,102 152,914,556

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

Financial ReportBalance Sheet

BALANCE SHEETAS AT 31 DECEMBER 2010


Group IRDA 2010 2009 NOTE RM RM

Government grants 10 65,000,000 75,000,000Other income 11 5,086,159 8,654,689

70,086,159 83 ,654,689

Operating expenses 12 (69,993,084) (79,072,846)

Surplus for the financial year 93 ,075 4,581 ,843


INCOME STATEMENTFOR THE YEAR ENDED 31 DECEMBER 2010

Financial ReportIncome Statement


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

GroupAt 31 December 2008 16,901,567 186,904,904 50,771,052 254,577,523Development grant received from Government — 618,000,000 — 618,000,000Stimulus Package fund received from Government — 20,000,000 — 20,000,000Utilisation of development grant — (735,110,802) — (735,110,802)Utilisation of Stimulus Package fund — (7,637,624) — (7,637,624)Interest income (2,567,799) 1,071,415 (1,496,384 )Surplus for the financial year 4,581 ,843 — — 4,581,843

At 31 December 2009 21 ,483,410 79,588,679 51 ,842,467 152,914,556

Development grant received from Government — 1,002,000,000 — 1,002,000,000Utilisation of development grant — (847,304,311) — (847,304,311)Utilisation of Stimulus Package fund — (12,362,376) — (12,362,376)Utilisation of Social Projects fund — — (190,673) (190,673)Interest income — — 1,206,831 1,206,831Surplus for the financial year 93,075 — — 93,075

At 31 December 2010 21,576,485 221,921,992 52,858,625 296,357,102


Financial ReportStatement Of Changes In Equity

STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2010


Group IRDA IRDA 2010 2010 2009 NOTE RM RM RM

CASH FLOW FROM OPERATING ACTIVITIESSurplus for the financial year 93 ,075 93 ,075 4,581 ,843Adjustment for :Depreciation of property, plant and equipment 3 2,148,026 2,148,026 2,075,902Disposal/write-off of property, plant and equipment (13 ,544) (13 ,544)

Surplus before working capital changes: 2,227,557 2,227,557 6,657,745

Increase/(Decrease) in:Special development fund 142,333,313 142,333 ,313 (107,316,225)Social projects fund 1,016,158 1,016,158 1,071 ,415Other receivables, deposits and prepayments 470,544 470,544 (1,545,646)Other payables and accruals 29,158,300 29,158 ,300 46,441,418

Net cash from/(used in) operating activities 175,205,872 175,205,872 (54,691,293)

CASH FLOW USED IN INVESTING ACTIVITIESPurchase of property, plant and equipment 3 (1 ,601 ,187) (1 ,601 ,187) (2 ,264,256)Acquisition of shares in subsidiary — (2) —Proceeds from disposal of property, plant and equipment 113,000 113,000 —

Net cash used in investing activities (1,488,187) (1,488,189) (2,264,256)

NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 173 ,717,685 173,717,683 (56,955,549)

CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR 200,875,282 200,875,282 257,830,831

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR 6 374,592,967 374,592,965 200,875,282


CASH FLOW STATEMENTFOR THE YEAR ENDED 31 DECEMBER 2010

Financial ReportCash Flow Statement


1. GENERAL INFORMATION

ISKANDAR 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 principal activity of the subsidiary company is disclosed in Note 4.

The total number of employees of IRDA at year end was 150 (2009: 144).

The principal place of operation of IRDA is located at #G-01, Block 8, Danga Bay, Jalan Skudai, 80200 Johor Bahru, Johor, 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 Accounting

The 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) Basis of Consolidation

Subsidiary

The financial statement of subsidiary company is included in the consolidated financial statements from the date that control effectively commences until the date that control effectively ceases. Subsidiary company is the enterprise controlled by IRDA. Control exists when IRDA has the power, directly or indirectly, to govern the financial and operating policies of an enterprise so as to obtain benefits from its activities.

The purchase method of accounting is used to account for the acquisition of subsidiary by IRDA. The cost of an acquisition is measured as the fair value of the assets given, equity instruments issued or liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value on the date of acquisition, irrespective of the extent of any minority interest.

In preparing the consolidated financial statements, transactions, balances and unrealised gains on transactions between IRDA and subsidiary are eliminated. Unrealised losses are also eliminated but considered an impairment indicator of the asset transferred.

Financial ReportNotes To The Financial Statements

NOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2010


2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(b) Basis of Consolidation (continued)

Subsidiary (continued)

Minority interests are that part of the net results of operations and of net assets of a subsidiary attributable to interests which are not owned directly or indirectly by IRDA.

Where necessary, adjustments are made to the financial statements of subsidiary to bring accounting policies into line with those used by IRDA.

(c) Income Recognition

Government Grants

Operating 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.

(d) Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation

Property, 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 and mobile phones 331/3%Furniture and fittings, office equipment and renovation 20%




(e) Other Receivables

Other 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.

(f) 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 14. It is measured using the tax rate that have been enacted by theInland Revenue Board at the balance sheet date.

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

(g) Other Payables

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

(h) Provision for Liabilities

Provision 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 value of money is material, the amount of a provision is the present value of the expenditure expected to be required to settle the obligation.

(i) Cash and Cash Equivalents

Cash and cash equivalents consist of cash and bank balances, and deposit which are readily convertible to known amount of cash and which are subjected to insignificant risk of change in value.


NOTES TO THE FINANCIAL STATEMENTS31 DECEMBER 2010(continued)



(j) Impairment of Assets

At 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 charged 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 losspreviously recognised, and if carried at revalued amount, is credited directly to revaluation surplus.

(k) Special Development Fund

Special Development Fund is managed on behalf of and funded by the Federal Government under Ninth Malaysian Plan (RMK-9) for infrastructure development project and Stimulus Package Fund used for Human Capital Development Programmes.

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) Social Projects Fund

Social Projects Fund managed by the Authority is funded by third parties and utilised for certain 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.




(m) Foreign Currency Transactions

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 RinggitMalaysia 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:

2010 2009 RM RM

1 Singapore Dollar (SGD) 2.39 2.441 Euro (EUR) 4.08 4.921 United Kingdom Pound (GBP) 4.78 5.501 Kuwait Dinar (KWD) 10.99 11.941 Japan Yen (JPY) 0.04 0.041 Qatar Riyal (QAR) 0.85 0.941 Bahrain Dinar (BHD) 8.22 9.091 United Arab Emirates Dirham (AED) 0.84 0.931 United States Dollar (USD) 3.08 3.421 Australia Dollar (AUD) 3.14 3.06





(n) 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.

(o) 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 date of acquisition and that are readily convertible toknown amounts of cash and which are subject to an insignificant risk of changes in value.



3. PROPERTY, PLANT AND EQUIPMENT

Furniture and Fittings, Office Equipment Motor and Vehicles Computer Renovation Total RM RM RM RM

Operating Fund:

Cost

At 1 January 2010 887,272 3,1 86,688 4,440,652 8,514,612Additions 149,490 1,004,697 447,000 1,601 ,187Disposal/write-off (228 ,082) (31 ,393) (22,795) (282,270)

At 31 December 2010 808,680 4,159,992 4,864,857 9,833,529

Accumulated Depreciation

At 1 January 2010 608,434 1,985,650 1,605 ,581 4,199,665Additions 209,704 978,725 959,597 2,148,026Disposal/write-off (135,971) (30,932) (15 ,911) (182,814)

At 31 December 2010 682,167 2,933 ,443 2,549,267 6,164,877

Net Book Value

At 31 December 2010 126,513 1,226,549 2,315,590 3,668,652

At 31 December 2009 278,838 1,201 ,038 2,835,071 4,314,947

Depreciation charge for 2009 221 ,818 965,953 888,131 2,075 ,902




4. INVESTMENT IN SUBSIDIARY

IRDA IRDA 2010 2009 RM RM

Unquoted shares at cost 2 —

Details of the subsidiary which is 100% owned are as follows :

Place ofName of company Principle activity incorporation Date acquired

Prisma Harta Sdn Bhd Manage the operation and maintenance of Malaysia 01/02/2010 the Public Housing for Iskandar Malaysia

The Company has not started operations and remained dormant since the date of incorporation.



5. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS

Group IRDA 2010 2009 RM RM

Operating Fund:Deposits 580,106 548,207Prepayments 196,747 195,622Other receivables 168,471 965,376

945,324 1,709,205

Special Development Fund:Deposits 538,270 250,000

538,270 250,000

Social Projects Fund:Interest receivables 24,311 19,244

24,311 19,244

Total 1,507,905 1,978,449




6. CASH AND CASH EQUIVALENTS

Group IRDA IRDA 2010 2010 2009 RM RM RM

Operating Fund:Cash in hand 9,002 9,000 9,000Bank balances 17,677,227 17,677,227 16,640,170

17,686,229 17,686,227 16,649,170

Special Development Fund:Bank balances 304,072,424 304,072,424 132,402,889

304,072,424 304,072,424 132,402,889

Social Projects Fund:Deposits with licensed bank 52,834,314 52,834,314 51 ,823,223

52,834,314 52,834,314 51,823,223

Total 374,592,967 374,592,965 200,875,282



7. OTHER PAYABLES AND ACCRUALS


Operating Fund:Other payables 326,147 751 ,320Accruals 397,574 438,593

723,721 1,189,913

Special Development Fund:Other payables 82,688,701 53,064,209

82,688,701 53,064,209

Total 83,412,422 54,254,122

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




8. SPECIAL DEVELOPMENT


As at 1 January 79,588,679 186,904,904Development grant received from Government 1,002,000,000 618,000,000Stimulus Package fund received from Government — 20,000,000

1,081 ,588,679 824,904,904Interest income 4,690,737 5,588,207

1,086,279,416 830,493,111Less: Utilisation of development grant 847,304,311 735,110,802Less: Utilisation of Stimulus Package fund 12,362,376 7,637,624Less: Interest income trasferred to Operating Fund 4,690,737 8,156,006

As at 31 December 221 ,921 ,992 79,588,679

9. SOCIAL PROJECTS FUND


As at 1 January 51 ,842,467 50,771 ,052Interest income 1,206,831 1,071 ,415

53 ,049,298 51 ,842,467Less: Utilisation of Social Project Fund 190,673 —

As at 31 December 52,858,625 51,842,467

The Social Projects (“SPF”) Fund is established pursuant to Section 37 of IRDA Act 664 (Act 664) which shall be used to finance social projects and schemes consistent with the strategies and initiatives as stated in the Comprehensive Development Plan (“CDP”). TheFund is managed by the SPF Committee comprising of independent members in accordance with the guidelines, policies and decisions made by IRDA, provided always the said guidelines, policies and decisions are not in contravention of the Act and the CDP.



10. GOVERNMENT GRANTS


Operating Fund:Government grants received 65,000,000 75,000,000

65,000,000 75,000,000

11. OTHER INCOME


Operating Fund:Tender fees 41,000 185,855Interest income 5,036,124 8,468,834Other income 9,035 —

5,086,159 8,654,689

12. OPERATING EXPENSES


Operating Fund:The details of operating expenses are as follows:Professional fees 4,332,087 8,646,375Auditors’remuneration 15,345 14,300Board members’ allowances 242,000 259,700Allowances - AIC Members & Advisory Council 234,081 203,191Allowances - IRDA Exco 3,000 8,500




12. OPERATING EXPENSES (continued)


Allowances - Tender Board A & B 7,600 10,700Rental expenses 2,507,645 1,897,763Depreciation of property, plant and equipment 2,148,026 2,075,902Donation — 29,080Staff costs- Salaries and allowances 22,470,052 19,837,811- EPF 4,259,467 5,681 ,666- SOCSO 77,266 55,008- Overtime 190,066 129,459- Bonus 4,352,342 2,897,035- Staff welfare 165,611 5,100- Staff recruitment 9,068 23 ,188Marketing and promotions 19,012,879 28 ,904,902Entertainment 101 ,367 130,229Training and seminar 851 ,768 543,118Utilities charges 1,110,017 1,121,921Website expenses 64,763 213,870Upkeep of office equipment, premises and motor vehicles 662,262 640,575Printing and stationeries 323,943 565,031Meeting expenses 414,763 264,670Medical charges 65,445 42,139Loss on foreign exchange 756 570Insurance 719,581 404,807Bank charges 33,377 21 ,398Advertisement 1,613,227 919,266General expenses 394,278 343,900Security charges 191 ,489 149,594Taxation fees 6,375 —Licence and registration fees 246,597 15,806Membership and professional subscriptions 29,753 42,360Postage and courier 40,072 45 ,332Accommodation and travelling 3,110,429 2,928,580Gain on fixed assets disposal (13,713) —

69,993 ,084 79,072,846




13. STAFF COSTS


Operating Fund:Staff costs 31,523,872 28,629,267

Included in staff costs are IRDA’s contributions to Employee Provident Fund of RM4,259,467 (2009: RM3,669,727).

14. INCOME TAX

IRDA has obtained tax exemption under Section 127(3) of the Income Tax Act, 1967. All income except for dividend income are exempted from tax beginning from year assessments 2007 until 2016.

15. OPERATIONAL COMMITMENTS


Approved and contracted: Marketing and promotions 1,147,978 7,755,000 Consultancy and blueprint 3,147,280 2,126,926 General expenses 334,753 —

4,630,011 9,881,926



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