Berjaya Corporation

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Berjaya Corporation Berhad (MYX: 3395;[2] formerly known as the Berjaya Group Berhad, Inter-Pacific Industrial Group Berhad and Raleigh Berhad) is a Malaysia-based corporation which controls a wide array of businesses, including consumer marketing, Property development and investment, as well as hotels, resorts and recreation development. It also specialises in gaming and lottery management, food and beverage, motor trading and distribution, investment on environmental services and clean technology, finally telecommunication and information technology-related services and products.

Berjaya Corporation Berhad
FormerlyBerjaya Group Berhad
TypePublic limited company
MYX: 3395
ISINMYL3395OO000
IndustryConglomerate (Consumer Marketing, Property Development & Investment, Hotels & Resorts and Recreation Development, Gaming & Lottery Management, Food and Beverage, Environmental Services & Clean Technology, Motor Trading & Distribution, and Telecommunications and information technology-related services & products.)
Founded1984; 37 years ago (1984)
FounderVincent Tan (Founder and Executive Chairman)
HeadquartersKuala Lumpur, Malaysia
Area served
Southeast Asia
Key people
Abdul Jalil Abdul Rasheed[1] (Chief Executive Officer)
RevenueIncreaseMYR 9.793 Billion (2019)
Total assetsDecreaseMYR 19.821 Billion (2019)
Total equityDecreaseMYR 9.733 Billion (2019)
Number of employees
16,000
Websitewww.berjaya.com

HistoryEdit

Berjaya was previsouly known as Berjaya Kawat Berhad founded by Broken Hill Proprietary Ltd, Australia and National Iron & Steel Mills, Singapore. In 1984, Vincent Tan took a stake in Berjaya Industrial Berhad. In 1985, Tan bought 51% of Sports Toto from the Malaysian government. He then injected Sports Toto into Berjaya, swapping his shares in Sports Toto for a controlling stake in Berjaya.[3] The shareholding change also resulted in a major change in the business, direction and the dynamic growth of a diversified conglomerate under the flagship of Berjaya Corporation Berhad.

In 1988, Tan swapped his shares in Berjaya for control of Raleigh Bhd. (originally a bicycle manufacturer incorporated in 1967 and gained official listing on Bursa Malaysia in 1969), which was then renamed Inter-Pacific and turned into Berjaya's holding company.[4] It later became known as Reka Pacific Berhad. Under his leadership, Berjaya's pretax profit rose from RM 700,000 in 1984 to RM 70 million in 1989,[3] and RM 342 million in 1998,[5] and exceeding RM 1 billion in some years in the next two decades.[6][7]

Berjaya Corporation Berhad assumed the listing status of Berjaya Group Berhad on the Main Board of Bursa Securities upon the completion of the group restructuring exercise in 2005 and the listing of new shares the year after.[8][9]

Below are the listed subsidiaries under Berjaya Corporation Berhad:

  • Berjaya Land Berhad
  • Berjaya Sports Toto Berhad
  • Berjaya Food Berhad (including Pappa Richi brand)
  • REDtone International Berhad
  • Berjaya Philippines Inc.

Other assets include:

Corporate Social ResponsibilityEdit

The Better Malaysia Foundation (BMF) is a subsidiary of the corporate social responsibility program developed by the Berjaya. Chairman of Berjaya Bhd, Vincent Tan is also chairman of BMF.[10]

In 2013, in partnership with SOLS 24/7, BMF launched Project 100 aimed at establishing 100 community centres where Malaysians would be able to have access to free education.[11]

In 2016, the foundation donated RM1 million to over 39 charities including a RM 50,000 donation to the Generasiku Sayang Negri Selangor organisation, and the Malaysian Sikh Union, which received RM35,000.[12] Tan also donated RM 25.6 million to the BMF via the Berjaya CSR program, earmarked for education and skills training, as well as community-based projects.[13]

In 2017, the BMF donated RM500,000 to victims of the Penang flood.[14]

Each year, the foundation presents the Better Malaysia Foundation Personality of the Year Award. Past winners include Madenjit Singh, founder of Science of Life Studies 24/7 in 2012,[15] Jane Goodall in 2014,[16][17] and Dharma Master Cheng Yen for humanitarian work in Malaysia through the Tzu Chi Foundation.[18]

See alsoEdit

ReferencesEdit

  1. ^ [1] Berjaya Corp appoints Jalil Rasheed as new Group CEO. Retrieved 16 March 2021.
  2. ^ "Bursa Malaysia: Berjaya Corporation Berhad". Bursa Malaysia. Retrieved 3 November 2014.
  3. ^ a b Marchand, Christopher (31 August 1989). "The burger kingdom". Far Eastern Economic Review. p. 63.
  4. ^ Marchand, Christopher (31 August 1989). "Against the grain". Far Eastern Economic Review. pp. 62–63.
  5. ^ "1998 Annual Report" (PDF). Berjaya.
  6. ^ "2008 Annual Report" (PDF). Berjaya.
  7. ^ "Annual Report 2015" (PDF). Berjaya.
  8. ^ "Bursa Malaysia: Announcement". Bursa Malaysia. Archived from the original on 3 November 2014. Retrieved 3 November 2014.
  9. ^ "TheStar: Berjaya group close to completing revamp". The Star (Malaysia). 27 June 2005. Retrieved 3 November 2014.
  10. ^ "Berjaya Corporation Berhad - Tan Sri Vincent Tan's Other Businesses".
  11. ^ "NGO calls for passionate individuals who want to help the poor learn English - Nation | The Star Online". www.thestar.com.my. Retrieved 22 October 2018.
  12. ^ "BMF donates RM1m to 39 charitable organisations". www.thesundaily.my. Retrieved 22 October 2018.
  13. ^ "Vincent Tan donates RM25.6mil via his charity foundation's CSR programme - Community | The Star Online". www.thestar.com.my. Retrieved 22 October 2018.
  14. ^ "Vincent Tan donates RM500,000 to help out Penang flood victims - Nation | The Star Online". www.thestar.com.my. Retrieved 22 October 2018.
  15. ^ "Berjaya Corporation Berhad". Archived from the original on 19 September 2017. Retrieved 22 October 2018.
  16. ^ "The Jane Goodall Institute" (PDF).
  17. ^ "Goodall: Stand firm in your beliefs". www.thesundaily.my. Retrieved 22 October 2018.
  18. ^ "Tzu Chi's Founder Awarded - Tzu Chi USA". www.tzuchi.us. Archived from the original on 22 October 2018. Retrieved 22 October 2018.

External linksEdit