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Johor Corporation (JCorp) or Perbadanan Johor is a Malaysian government-linked company, 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 society by eradicating the economic imbalance between the Malays and the non-Malays. Malaysian "state economic development corporations" were designed to break away from the bureaucratic binds of a regular government department and to become a commercially oriented investment arm of the respective state governments.
|Type||State Economic Development Corporation, Investment Holding Corporation|
|Headquarters||Johor Bahru, Johor, Malaysia|
|Datuk Onn Hafiz Ghazi (Chairman)|
Datuk Syed Mohamed Syed Ibrahim (President and Chief Executive)
|Parent||Johor State Government|
Board of directorsEdit
- 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.
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. 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 and others. It was also responsible for the creation of Pasir Gudang, 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.
At present, JCorp's core businesses are spearheaded by its respective public-listed companies:
- Palm Oil: Kulim (Malaysia) Berhad (MYX: 2003)
- Specialist Healthcare: KPJ Healthcare Berhad (MYX: 5878)
- Property Development: Johor Land Berhad (Delisted)
- Intrapreneur Venture Division: Sindora Berhad (Delisted)
All intrapreneur 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.