JOHOR CORPORATION

About Johor Corporation

Johor Corporation (JCorp) was established as a public enterprise and a statutory body via Johor Enactment No. 4 1968 (as amended under Enactment N o. 5, 1995). As a State Investment Corporation, JCorp stands among the nation’s largest conglomerates, with core business sectors encompassing Palm Oils, Foods and Quick Service Restaurants, Specialist Healthcare Services, Hospitality, Property & Logistic/Services as well as Intrapreneur Business.

JCorp has since become a national market leader in several of its core businesses, namely the Specialist Healthcare Services and Quick Service Restaurants. It also has a significant regional presence in the Palm Oils Business Segment as well as other businesses, with operations and business interests spanning not only in Malaysia, but also in other regional territories, such as Papua N ew Guinea, Singapore, Cambodia, Brunei, the Philippines, Solomon Islands, Australia, United Kingdom and India.

Over the 41 years since its incorporation, JCorp as a state investment corporation established by the Johor State Government has fully earned the trust and confidence of all stakeholders it intended to serve, especially both the Johor State and Federal Government of Malaysia. The confidence poised JCorp to constantly improve and escalate its capability. This was translated into its financial and corporate achievement for the year 2011, the best ever since its inception.

JCorp’s formidable milestones of excellence are not merely corporate and business orientated, yet aimed at strategic socioeconomic development through the market-driven approach that is careful, creative, proactive and innovative.

Going through the tide of the post restructuring transformation, JCorp continues to gain recognition as a relevant organisation for the development of Bumiputera socioeconomy constantly parallel against time in serving its three primary roles that define the Group’s direction that is a state development corporation responsible to develop the State of Johor via the funding generated through profit maximisation of its commercial entities which is later returned proportionately to the community as its largest stakeholder.

History

1968

• Johor State Economic Development Corporation (JSEDC) was established by the state government under the 4th Enactment 1968.

1972

• Obtained approval from the Johor State Government to carry out tin mining activity on a 12,950.08 hectares of land in Kota Tinggi.
• 3.52 hectares land located in the middle of Johor Bahru city was awarded by the Johor State Government to JSEDC to construct a Shopping complex named Tun Abdul Razak Complex (KOMTAR).
• Opening of industrial areas at Pasir Gudang, Tanjong Agas in Muar and Tongkang Pecah in Batu Pahat.

1995

• JSEDC changed its name to JCorp.
• The first Medaniaga BISTARI - the culmination of the Tunas Bistari programme, where Tunas Bistari students were given opportunities to showcase their entrepreneurial skills.
• Dana Johor was launched by Y AB Dato’ Seri Dr Mahathir Mohamad, Prime Minister of Malaysia.
• The Achipelago Fund’, a joint venture project with Jupiter International of London, was listed in the Luxembourg Stock Exchange..
• The first Pasir Gudang International K ite Festival was held in Pasir Gudang.

2010

• Appointment of Kamaruzzaman bin Abu Kassim as the third President & Chief Executive effective 1 December 2010.
• Opening of KPJ Tawakkal Specialist Hospital’s new building in Kuala Lumpur.
• JCorp received two Adfiap 2011 Awards from the Association of Development Financing Institutions in Asia & the Pacific (ADFIAP) for its development projects and initiatives - Best Annual Report 2009 and Winner of the Corporate Social Responsibility Category which highlights 2 CSR activities - Waqaf Brigade and Waqaf An Nur Hospital & Waqaf An Nur Clinics
• Kulim (Malaysia) Berhad recognised as the winner of the Best Sustainability Reporting Award and Commendation for Reporting on Strategy and Governance di ACCA Malaysia Sustainability Reporting Awards (MaSRA) 2010.
• JCorp retained 4-star rating for the third consecutive years for Financial Management Accountability Index 2010.

Mission/Objective and Philosopy

• A state investment corporation contributing to state and national economic growth through an efficient and effective business entity while upholding the community interest.
   
• Upholding position as a business entity that spearheads and controls market, competitive, profit-motivated and recognized.
   
• A catalyst to sustainable business growth which will further create success in fulfilling its obligation as a state investment corporation.
   
• Contributing and adding values to the well-being of the community through business success as well as Corporate Social Responsibility undertakings.