Author: TheCeo Insight   |   Latest post: Sat, 3 Aug 2019, 5:00 PM



Author: TheCeo Insight   |  Publish date: Sat, 3 Aug 2019, 5:00 PM

Shahril Shamsuddin attends a world economic forum. He is the energetic participant of the world economic forum. Shamsuddin is the CEO of Sapura Energy and Chief Executive officer.


The World Economic Forum indicate was around the local area this week, attracting in a swarm of people in dull suits, propelling thousand of discussions generously peppered with popular buzzwords, and giving individuals in Kuala Lumpur a little taste of what Davos in Switzerland must resemble toward the end of January consistently. That is short the snow, obviously.

Davos is best known as the venue for the WEF Annual Meeting, which the coordinator says is “the chief inventive power for engaging on the planet’s best heads in communitarian activities concentrated on molding the worldwide, regional and industry motivation”.

Indeed, even subsequent to limiting the superlatives and self-advancing tone, that depiction is as yet not a long way from the way that those meetings do collect a ton of huge names in government, business, and common society to examine the world’s most recent patterns and issues.

For instance, among the six co-chairs of the current year’s gathering were the CEOs of General Motors, Microsoft, Credit Suisse, and Hitachi. The other two were the general secretary of the International Trade Union Confederation and Tunisian human rights advocate Amira Yahyaoui. Furthermore, the list of speakers peruses like a’s who of global influencers.

We usually think about the WEF as an occasion, however, it’s in actuality the name of the Geneva-based not-revenue driven establishment that drives the WEF Annual Meeting in Davos.

The Forum doesn’t care for it if individuals state it composes conferences; rather, it demands that it holds meetings. Evidently, in contrast to the conference, meeting give members “however much context and opportunity for commitment as could reasonably be expected over the long haul”. What’s more, the WEF says each meeting is intended to convey clear results and activity focuses.

The WEF’s portfolio has three other real yearly meeting — the Annual Meeting of the New Champions, held in China and concentrating on development, science and innovation; the Summit on the Global Agenda, held in the United Arab Emirates and gone to by “the world’s leading knowledge community to share experiences on the real challenges confronting the present reality”; and the Industry Strategy Meeting, which looks to “shape industry plans and investigate how ventures can move from managing change to pioneering change”.

Over these, the Forum also assembles regional meeting. This is the 25th year since it initial staged such an occasion in Asia. Add to that the gigantic capability of South-East Asia and the development of the Asean Economic Community (AEC) a year ago, and the establishment had a strong motivation to have the World Economic Forum on Asean (WEF Asean).

It picked Malaysia as the host, calling attention to that as chairs of Asean in 2015, Malaysia “effectively introduced the landing of the AEC”. What’s more, along these lines, on Wednesday and Thursday, Kuala Lumpur’s Shangri-La Hotel had more tightly security than typical, as its lower campaign turned into a nursery of thoughts, views, and networking.

The principal session, titled Asean and the Big Picture, had a solid board: CIMB Group Holdings Bhd director Datuk Seri Nazir Razak; Mari Elka Pangestu, Professor of International Economics at the University of Indonesia and a previous Indonesian minister; Yoshiaki Fujimori, CEO of Japan’s LIXIL Group; Ericsson chief technology officer Ulf Ewaldsson; and SapuraKencana Petroleum Bhd CEO Tan Sri Shahril Shamsuddin.

(Fujimori and Shahril were also among the six co-chairs of WEF Asean. The rest were Telenor CEO Sigve Brekke, YTL Corp Bhd group lawful guidance Datin Kathleen Chew, Amnesty International secretary-general Salil Shetty, and George Yeo, a previous Singapore serve who’s presently a meeting researcher with the National University of Singapore’s Lee Kuan Yew School of Public Policy.)

Given its point, it was justifiable that the principal session secured a wide scope of issues. There was, for instance, some consideration on how people in the general area and organizations ought to react to troublesome developments.

Said Mari: “Controllers and techniques producers are still in the old world. We need to control however we need to do it in a way that is in accordance with the new world. Governments tend to over-manage and control in the old way. Policymaker doesn’t know where this is going, so it is smarter to proceed with caution.”

Normally, Nazir remarked on the effect of financial technology, or fintech. “We are being slammed by fintech. We need to react. For an old organization like us, we need to take on a similar mindset as a fintech organization, be creative and turned into a fintech organization ourselves,” he said.

On the advancement of Asean incorporation, Fujimori stated: “We have shaped the AEC, yet there are a ton of difficulties that this locale still can’t seem to meet to make one Asean. The EU (European Union) isn’t the model yet we have to make a comprehensive single district.”

Tan Sri Shahril Shamsuddin was glad to assume the job of the confident person, bringing up that the district has the upsides of having a to a great extent youthful populace and being generally unhampered by heritage establishments and frameworks with regards to innovation. “There are open doors for the youngsters of Asean to make new businesses, so what’s to come is brilliant. I have bunches of seeking after the coming age,” he included

He proceeded in that vein in the finishing up a session of WEF Asean.

“By what means can you not be idealistic when you have 630 million and the greater part of them are youngsters — imaginative, associated and teaming up to make a value for the district?” he inquired.

“Improvement will be comprehensive and Asean won’t simply be a stage to drive those who are well off, isolate the less wealthy and enlarge the riches hole. There’s a great deal of energy here to make certain that individuals are not disintermediated from development.”

As history has appeared, Asean isn’t known for its speed of activity. Yeo recognized that to a few people, this may the “frustratingly non-direct”.

“Yet, there is a purpose behind this non-linearity. Numerous issues require tolerance to understand. In Asean, we some way or another have a capacity to persevere through, a capacity to mend,” he clarified.

That might be along these lines, yet it ought to be noticed that the Fourth Industrial Revolution was one of the greatest themes at the WEF Asean. That upheaval — just like all upsets — is quick and transformative. In the event that Asean doesn’t keep up in making the Asean Community a reality, will it be rendered unessential?

Executive editor Errol Oh was one of only a handful few folks in their shirtsleeves amid WEF Asean. It was only for down to earth reasons; he wasn’t endeavoring to put forth any expression.

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Author: TheCeo Insight   |  Publish date: Sat, 3 Aug 2019, 4:59 PM

Shahril Shamsuddin encouraging organization with worldwide firms focusing to encourage the foundation of a joint endeavor organization. Shahril is the CEO of Sapura Energy Bhd.


Shahril Shamsuddin

SAPURA Energy Bhd (SEB) is available to encouraging organization with worldwide firms for the penetrating section and is in chats with a few potential partners, said Group President and CEO Tan Sri Shahril Shamsuddin.

He said his organization needed to achieve partnership agreements, for example, the as of late finished up concurrence with OMV Aktiengesellschaft (OMV AG) from Austria.

An organization with OMV AG expects to encourage the foundation of a joint endeavor organization through a 50 percent stake in SEB gas investigation and generation arm, Sapura Upstream Sdn Bhd.

“We are in converses with some outside organizations coming to us, are as yet searching for the best potential associations at the best costs,” he told correspondents after the organization’s extraordinary general meeting (EGM) here today.

presently, SEB’s legally binding turnover of RM18.2 billion and 80 percent of which is designing and development while its equalization is in boring, and in addition investigation and production.

Shahril said the organization had 16 drilling resources that were moderately new and could last somewhere in the range of 16 and 20 years on average.

“The present use rate of drilling resources is around 35 percent with around six to seven resources being used contrasted with five to six apparatuses utilized a year ago which represented an expected RM400 million in income before interest, tax, depreciation and amortization to the company, “He said.

Shahril said that as the business encountered a stoppage over the most recent three years, SEB attempted its efforts and adopted a proactive procedure to open up new markets and grow new capacities, aptitude, and procedures.

“This is to guarantee that when the market is recouping and enhancing, we will have the capacity to use it.

“The effort has been certain and SEB is an organization with high abilities in a fund, engineering, contract management, procurement, operations, exploration and production, and robotics,” he said.

In the meantime, during the EGM today, investors endorsed a few goals including capital infusion measures through rights issues to raise RM4.0 billion.

“EGM today runs easily with solid help from institutional subsidies, for example, Permodalan Nasional Bhd, its holding organization, Sapura Technology Bhd, and others to execute the move.

“PNB is committed to subscribing to an overabundance of rights shares subject to 40 percent shareholding while Sapura Technology will buy in for at least RM300 million rights shares.

“The endorsement for the rights issue will help fortify the accounting report by exploiting the emerging opportunities,” he said.

Shahril Shamsuddin said SEB additionally looked for investor endorsement for OMV AG’s pledge in January 2019. – Bernama

source: https://www.theceoinsight.com/sharil-shamsuddin-encouraging-organization/

Labels: SAPNRG
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kenie 投资石油天然气公司要小心
20/08/2019 10:28 AM
TakeProfits Raising another round of rights issue for 4 bn. Better stay away from this one. Walau another round of rights issues. Seems Pnb and Khazanah keen to subscribe! And they become majority shareholders, hahaha. Cos if sapura loose money again, they can take it private again like what they did with MAS. I am not so sure concerning this counter, even if it's run by a very expensive CEO...
Sapura's money management capabilities is in question mark at moment!???
20/08/2019 4:57 PM


Author: TheCeo Insight   |  Publish date: Sat, 3 Aug 2019, 4:57 PM

SHAHRIL SHAMSUDDIN is a Board of Governor in Asia School of Business. Shahril is an energetic participant of World Economic Forum. Shamsuddin could be a member of the Massachusetts Institute of Technology

Tan Sri Dato’ Seri Shahril Shamsuddin

Tan Sri Dato’ Seri Shahril Shamsuddin Who is the President and Group Chief Executive of SAPURA ENERGY BERHAD.

He is conjointly the President and Group Chief Executive of Sapura Group, a Malaysian-based conglomerate that operates in numerous segments that embody secured communication technologies, aviation, automotive producing and property investment.

Tan Sri Dato’ Seri Shahril could be a member of the Massachusetts Institute of Technology (MIT) Sloan Asian government Board and a member of the Board of Governors for the Asia School of Business. He’s an energetic participant at the World Economic Forum.

Tan Sri Dato’ Seri Shahril was presented associate unearned doctor’s degree in Technology Management by the University Technologies Asian country (UTM) it might be 2013. He’s conjointly a member of the Board of Trustees of the UTM endowment.

Tan Sri Dato’ Seri Shahril Shamsuddin holds a Master of Science in Management of Technology from MIT Sloan college of Management and a Bachelor of Science in Industrial Technology from California engineering school State University.

Asia School of Business is located in Kuala Lumpur, Malaysia with a partnership of MIT Sloan School of Management (MIT Sloan) as Executive Education Centre. In Asia school of business Tan Sri Dato’ Seri Shahril is one of the boards of Governor. In that business school, he and other board members focus on project-based action-learning with an Asia-centric context.

Other Board members are Professor David Schmittlein and Professor S. P. Kothari of MIT Sloan, Tito Mboweni, past Governor of the South African Reserve Bank, as well as business leaders from the Asia region, including Azman Mokhtar, Tony Fernandes, Enki Tan, Ng Kok Song, and Philip Yeo and more.

He is also President and Group Chief Executive Officer of Sapura Group which is Malaysian-based conglomerate. He involves in various operations such as secured communication technologies, aviation, automotive manufacturing and property investment.

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Author: TheCeo Insight   |  Publish date: Sat, 3 Aug 2019, 4:55 PM

is one of the members in Asean Business Club and He is the Group Chief Executive Officer of Sapura Energy. He is always supporting to Asia School of Business for its growth.


Tan Sri Dato’ Seri Shahril Shamsuddin

Seri Shahril Shamsuddin, aged 55, is presently the President and Group Chief Executive Officer and Non-Independent decision maker of Sapura Energy Berhad (formerly called SapuraKencana rock oil Berhad) since 9 December 2011.

Tan Sri Shahril is additionally the President and Group Chief Executive Officer of SAPURA ENERGY Group, a long-established business in the Asian nation since 1975 with a diversified portfolio starting from education, aviation services, property development and management, industrial and automotive part of producing in addition as secured communications technologies. He’s additionally serving because the Deputy Chairman of Sapura Industrial Berhad and might be Non-Executive Director of Sapura Resources Berhad.

Tan Sri Shahril Shamsuddin might be a member of the Massachusetts Institute of Technology Sloan Asian Executive Board, a member of Universiti Teknologi Malaysia’s International informative Panel in addition as a lively participant of the planet Economic Forum. He’s also a member of the Board of Trustees, money dealer and Executive Committee of the Perdana Leadership Foundation. In recognition of his achievements and contributions to society, he has been awarded many major honor and titles.

In November 2007, he was awarded the Legion of Honour by the Republic of France. In 2009, he won the Asian nation Max Ernst & Young businessperson of the Year Award and in 2013 he was given an honorary doctor’s degree in Technology Management by Universiti Teknologi Asian nation.

Tan Sri Shahril was bestowed the person of the Year Award 2014 by The Oil and Gas Year. Tan Sri Shahril holds a Master of Science in Management of Technology from university Sloan college of Management and a Bachelor of Science in Industrial Technology from CA technical school State University.

source: https://www.theceoinsight.com/member-of-asean-business-club-shahril-shamsuddin/

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