Berjaya Corporation Berhad was founded in 1984 by Tan Sri Dato' Seri Vincent Tan Chee Yioun and has become one of Malaysia's largest conglomerates, operating in various sectors including financial services, consumer marketing, hotels and recreation, property development, gaming, motor trading, food and beverage, and telecommunications. The name Berjaya means "success" in Malay and reflects the success and Malaysian character of the company. Currently, Berjaya Corporation Berhad and its affiliates employ over 40,000 people. The company's strategies are to cautiously expand its operations, potentially bringing in overseas partners or collaborating, consolidating domestic and international operations, focusing on property investment and development, and acquiring or
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Berjaya group
1. Ragene Ramachandran
MC 210413779
Overview
Founded in the year 1984 by Tan Sri Dato' Seri Vincent Tan Chee Yioun, Berjaya Corporation
Berhad is one of Malaysia’s largest dynamic and expanding conglomerate with its wide array
of core business activities, including financial services, consumer marketing & retail, hotels,
resorts, & recreation development, property investment & development, gaming & lottery,
motor trading & distribution, food & beverage, and telecommunication.
BERJAYA means SUCCESS in Bahasa Malaysia and reflects the success and Malaysian
character of the Berjaya Corporation's core businesses. The symbol made up of closely
interwoven B's represent their strong foundation and the constant synergy taking place within
the Berjaya Corporation group of companies. Each B faces a different direction, depicting the
varied strengths of the companies that make up the Berjaya Corporation group of companies.
Today, Berjaya Corporation Berhad and its affiliates have a total employee strength of more
than 40,000.
Berjaya Strategies
1) To remain cautiously optimistic about the economy and plans to expand the group by
looking at areas that do not need massive capital investment.
2) To downsize its operations as the market landscape was fraught with uncertainties.
3) To bring in partners from overseas for some of the group’s businesses by way of
partnership or collaboration.
4) Consolidate the group’s operations in Malaysia and overseas. Times are difficult now
but they are not bad. Malaysia is still doing very well. The government is doing a lot to
pump prime the economy and create opportunities for more employment. This is good
for Malaysia.
5) Berjaya Coorporation and the government should continue to work together. That
would be the right thing to do in order to overcome current challenges
6) To concentrate more on the property investment and development segment. The major
contributor to the pre-tax profit was the property investment and development segment,
with higher sales mainly from property projects in China and Japan. Berjaya Corp is
also involved in gaming and lottery management, financial services, motor trading and
distribution, education, consumer market and clean technology.
2. 7) To carry out acquisitions and sell some of its assets to bring in capital for expansion.
Dispose of assets if the price is reasonable.