Transcript Slide 1
SEDC’s: Catalysts to Development or Under-Performing? Background Incorporated in 1965 Established under State Enactment 5/1965 A government statutory body to: – Initiate – Plan – Implement – Promote Socio economic and industrial development projects in the state of Kedah Perbadanan Kemajuan Negeri Kedah Role of KSDC “To spearhead the economic development through an integrated approach by adopting a work culture that emphasizes on integrity, creativity, discipline, and quality in order to provide an efficient and professional service with the realization of an overall socio-economic responsibility and the creation of future corporate leaders.” Perbadanan Kemajuan Negeri Kedah Major Activities Plantation Industrial Services Investment Manufacturing Property Housing Perbadanan Kemajuan Negeri Kedah Tourism Plantation Rubber estates: – Laka Temin, Bukit Kayu Hitam – Bukit Perak, Pendang – Ladang Sungai Ular, Kulim Total plantation land – more than 8,000 hectares Factory: – Kilang Hevea Bukit Perak, Pendang Provide more than 2,000 job opportunities Perbadanan Kemajuan Negeri Kedah Plantation More than 4,000 hectares have been developed into townships, industrial and commercial development New areas are being acquired to replace and increase the plantation area Perbadanan Kemajuan Negeri Kedah Industrial BKT KAYU HITAM DARULAMAN MERGONG GURUN SG PETANI T. BATU B.ARANG K. KETIL HI-TECH KULIM Industrial Parks – 10 sites – 1600 Hectares – 1991 – 2005 Approved investment: RM30.212 billion Employment opportunity: 112,000 Perbadanan Kemajuan Negeri Kedah Kulim Hi-Tech Park (KHTP) Location: Mukim Padang Cina Kulim, Kedah Darul Aman Area: 4,080 acres/ 1,651 hectares Status of Funding: PKNK, Federal Government and financial institutions Perbadanan Kemajuan Negeri Kedah Total Investment in KHTP: RM 20 Billion Investment in KHTP - by Sectors 47% Manufacturing 53% Services RM4.0 B RM6.76B RM0.16 B RM2.07 B USA RM2.3 BM Japan Malaysia Others Germany Manufacturing Sector – Investment by Country Perbadanan Kemajuan Negeri Kedah Manufacturing Companies Perbadanan Kemajuan Negeri Kedah Supporting Companies QT | SERVICES QT | TECHNOLOGY HEXATECH Best Solution Provider Perbadanan Kemajuan Negeri Kedah Investment Companies Nos Equity Wholly Owned Companies (100%) 26 100% Subsidiaries Companies (50% - 99%) 3 51% - 99% Associated Companies (30% - 49%) 10 30% - 50% Investment Companies (0% - 29%) 15 Below 30% Listed Companies 12 Unit Trust 1 67 Total investment: RM 187 million As at 31 December 2005 Perbadanan Kemajuan Negeri Kedah Investment Major activities of companies: – Plantation Kumpulan Ladang-Ladang Perbadanan (Kedah) Sdn Bhd Gula Padang Terap Plantations Sdn Bhd – Construction and Property Development Bina Darulaman Berhad Ideal Appraisal Sdn Bhd – Medical Kedah Medical Centre Sdn Bhd Unomedical Sdn Bhd – Tourism Kedah Resort Sdn Bhd Grand Central Enterprises Sdn Bhd Perbadanan Kemajuan Negeri Kedah Investment Public listed companies: 1. Bina Darulaman Berhad 2. SPK-Sentosa Corporation Bhd 3. EUPE Corporation Berhad Perbadanan Kemajuan Negeri Kedah Property New Township: –Bandar Amanjaya –Bandar Darulaman –Bukit Kayu Hitam Perbadanan Kemajuan Negeri Kedah Tourism Hotel SP Inn, Sungai Petani Gunung Jerai Resort Hotel Grand Continental, Alor Star Darulaman Golf and Country Club Kulim Golf and Country Resorts Telok Datai Resort, Langkawi Cinta Sayang Golf and Country Resort Perbadanan Kemajuan Negeri Kedah Services KSDC Insurance Brokers Sdn Bhd Kedah Medical Centre Sdn Bhd Perbadanan Kemajuan Negeri Kedah Restructuring of Society Industry – Subsidized industrial land Entrepreneur – Entrepreneurship Programmes through training, seminars and courses Property – Shophouses at low rental for Bumiputeras – Retailing outlets for Bumiputeras – Ready-built factories for SMI’s entrepreneur – Development of new township Tourism – Development of hotels in new areas Perbadanan Kemajuan Negeri Kedah Catalysts to Development Lead agency in Industrial development Development and promotion of new areas Capital Intensive Investments Undertaking important projects of the state Implementing social objectives of the Government Perbadanan Kemajuan Negeri Kedah Performance: 2001 – 2005 RM (in million) 120 100 80 Turnover 60 Gross Profit 40 Net Profit (Before Tax) 20 0 2001 2002 2003 2004 2005 Year Perbadanan Kemajuan Negeri Kedah Turnover – Sectorial 2002 2001 93% 93% 2003 57% Plantation Industrial 2004 57% Property 2005 53% Perbadanan Kemajuan Negeri Kedah Gross Profit - Sectorial 25 RM (in million) 20 15 10 Plantation 5 Industrial Property 0 -5 2001 2002 2003 2004 2005 -10 -15 Year Perbadanan Kemajuan Negeri Kedah Accumulated Profit 1980 – (RM 6 million) 1990 – RM 36 million 1995 - RM 325 million 2005 - RM 457 million Perbadanan Kemajuan Negeri Kedah RM (in Million) Accumulated Profit 470 460 450 440 430 420 410 400 390 380 370 360 2001 2002 2003 2004 2005 Year Perbadanan Kemajuan Negeri Kedah Assets RM (in Million) 600 500 400 300 200 Fixed Asset Net Current Asset NTA 100 0 -100 2001 2002 2003 2004 2005 Year Perbadanan Kemajuan Negeri Kedah Constraints to Better Performance External – Limited Resources – Policies & Procedures – Political Considerations – Social Considerations – Public Perceptions and Expectations Perbadanan Kemajuan Negeri Kedah Constraints to Better Performance Internal – Limited Internal Resources – Government Policies and Procedures – Social Obligations Perbadanan Kemajuan Negeri Kedah Kedah: Economic Indicators 1990 2000 2004 GDP (RM million) 3,511 9,099 10,933 Per Capita GDP (RM million) 2,612 4,137 6,030 9.6% 6.4% GDP Growth (Annual Average 1990 - 1999) Perbadanan Kemajuan Negeri Kedah Conclusions PERFORMING and CATALYSTS TO DEVELOPMENT PKNK PKNK KEDA MADA KEDAH CORP KEDAH STATE KEDAH INVEST LADA PKB YIK Perbadanan Kemajuan Negeri Kedah Thank You