Johor Corporation (JCorp) or Perbadanan Johor is a

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

government-linked company A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government ...

, formerly known as the "Johor State Economic Development Corporation" (JSEDC). Formed in 1968, it is part of the government's affirmative action programs to restructure its

multi-ethnic Mixed race people are people of more than one race or ethnicity. A variety of terms have been used both historically and presently for mixed race people in a variety of contexts, including ''multiethnic'', ''polyethnic'', occasionally ''bi-eth ...

society by eradicating the economic imbalance between the

Malay Malay may refer to: Languages * Malay language or Bahasa Melayu, a major Austronesian language spoken in Indonesia, Malaysia, Brunei and Singapore ** History of the Malay language, the Malay language from the 4th to the 14th century ** Indonesi ...

s and the non-Malays. Malaysian "state economic development corporations" were designed to break away from the

bureaucratic The term bureaucracy () refers to a body of non-elected governing officials as well as to an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected offi ...

binds of a regular government department and to become a commercially oriented investment arm of the respective state governments. It is the only Malaysian state economic development corporation to have its business extended to another

state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our S ...

Board of directors

As a state agency, the position of chairman of the board of directors is held by the ''

Menteri Besar In Malaysia, the Menteri Besar ( Jawi:منتري بسر; literally ''First Minister''), colloquially referred to as MB, is the head of government of each of nine states in Malaysia with hereditary rulers. For four states without a monarch, the t ...

'' (chief minister), together with ten other directors comprising: * the Chief Executive of JCorp; * three officials of the Johor Civil Service: ** the State Secretary; ** the State Legal Advisor; ** the State Financial Officer; * three officials of the Federal Government: ** the Secretary-General to the Ministry of International Trade and Industry; ** the Secretary-General to the Ministry of Entrepreneur Development; and ** the Secretary of Loan Management and Finance Policy Division, Ministry of Finance; and * three independent directors appointed amongst the business community.

History

JSEDC commenced its operations in August 1970, with the appointment of Othman bin Mohd Saat, the then Chief Minister of Johor, as its chairman and Basir Bin Ismail as its chief executive. Its first office was located at Level 2, Sultan Ibrahim Building, Johor Bahru, with two staff. The corporation's current office is at

Persada Johor Persada may refer to: *PT Asiatic Persada, a palm oil firm from Jambi, Indonesia *Persada PLUS, original name of PLUS Expressways, a large highway concessionaries or build–operate–transfer operator company in Malaysia *Persada Johor Internation ...

. JSEDC changed its name to Johor Corporation at the end of 1995. Tan Sri Muhammad Ali Hashim was President and Chief Executive Officer of Johor Corporation from January 1982 to July 2010; under his leadership Johor Corporation grew to a total of 280 subsidiary companies valued as RM14 billion at the end of 2009. Eight of the subsidiary companies were listed on Bursa Malaysia, and one was listed on The London Stock Exchange. As a public enterprise entity, JCorp has played a major role to foster economic growth in the state, particularly in several high potential economic sectors including agro-business, industrial development,

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...

and others. It was also responsible for the creation of

Pasir Gudang Pasir Gudang is a city in Johor Bahru District, Johor, Malaysia. The main industries are transportation and logistics, shipbuilding, petrochemicals and other heavy industries, and oil palm storage and distribution, which is located in Johor Port ...

, an industrial township in south east Johor. Since 1 July 1977, JCorp has been appointed as the local council of Pasir Gudang, the first local council in Malaysia to be privatised, under a five-yearly arrangement.

Core businesses

At present, JCorp's core businesses are spearheaded by its respective public-listed companies: * Palm Oil:

Kulim (Malaysia) Berhad Kulim (Malaysia) Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia. The company also manufactures rubber-based products, oleochemicals, ...

() * Specialist Healthcare: KPJ Healthcare Berhad () * Property Development: Johor Land Berhad (Delisted) * Intrapreneur Venture Division: Sindora Berhad (Delisted) All

intrapreneur Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as t ...

ventures are headed by Jcorp's staff. As of 2005, the companies under the ''Intrapreneur Venture Division'' include: * Aquapreneur Sdn Bhd * Epasa Shipping Agency Sdn Bhd * Excellent Relation Sdn Bhd * HC Duraclean Sdn Bhd * Hotel Selesa Sdn Bhd * IPPJ Sdn Bhd * JTP Trading Sdn Bhd * Metro Parking Sdn Bhd * Pro Office Bulk Mailing Sdn Bhd * Pro Communication Services Sdn Bhd * Sibu Island Resort Sdn Bhd * Tepak Marketing Sdn Bhd * JKiNG Sdn Bhd * Willis (M) Sdn Bhd * Bumihayat Industries Sdn Bhd In 2006, JCorp bought a majority share in TMR Urusharta (M) Sdn Bhd, a facilities management company.

References

External links

Johor Corporation Official Website
{{authority control 1968 establishments in Malaysia Malaysian companies established in 1968 Government-owned companies of Malaysia Conglomerate companies established in 1968