i2M Ventures Sdn Bhd (i2M), a wholly-owned subsidiary of Khazanah Nasional Berhad and the Alumni of Look East Policy Society (ALEPS) jointly organised the inaugural Look East Policy (LEP) Summit 2018 at the Hotel Jen, Puteri Harbour in Iskandar Malaysia.
This event was part of the efforts in bringing together thought leaders, policy makers, and academicians to share their insights and opportunities arising from the recent realignment of the LEP which have been introduced by Tun Dr Mahathir in 1982 when he was the fourth Prime Minister, and now, back in office, Mahathir is keen on reigniting the relationship between Malaysia and Japan by updating the policy.
Themed “Reignite. Transform. Thrive.” the summit covered the impacts of LEP, technology transformation, upskilling for the new revolution, social impacts’ entrepreneurship, and responsible business.
The LEP Summit 2018 was officiated by Dr. Ong Kian Ming, Deputy Minister of International Trade and Industry and attended by various Japanese agencies to Malaysia, such as the Japanese Embassy, Japan External Trade Organisation (JETRO) and Japan International Cooperation Agency (JICA).
Dr. Ong mentioned that the LEP demonstrates Malaysia’s continuous efforts in knowledge acquisition and adoption of good ethics to further improve the nation’s competency and rapid economic development. The policy was instituted to promote bilateral relations between Japan and Malaysia, which have steadily developed since its introduction.
According to Zulfiqar Zainuddin, Managing Director of i2M and also the President of ALEPS, the LEP Summit 2018 has come at the right time as this is in conjunction with the 60th anniversary of the Malaysia and Japan relations, and also marks the 30th anniversary of the ALEPS.
i2M also welcomed three Japanese tech companies that have chosen Iskandar Malaysia as a base of operations. They are Deluxe Games Sdn Bhd and its sister entity, Okakichi Sdn Bhd, and OK Blockchain Sdn Bhd.
Since ALEPS began in 1988, it has now 10,000 members consisting of graduates who were under government or privately financed, from Japanese institutions. They are highly skilled in engineering, banking and finance, as well as in business management.