Johor Corporation is a Malaysian state corporation, formerly known as the "Johor State Economic Development Corporation" (JSEDC). Formed in 1968, it is part of the government’s affirmative action

Affirmative action

Affirmative action refers to policies that take factors including "race, color, religion, gender, sexual orientation or national origin" into consideration in order to benefit an underrepresented group, usually as a means to counter the effects of a history of discrimination.-Origins:The term...

 programs to restructure its multi-ethnic society by eradicating the economic imbalance between the Malay

Malay people

Malays are an ethnic group of Austronesian people predominantly inhabiting the Malay Peninsula, including the southernmost parts of Thailand, the east coast of Sumatra, the coast of Borneo, and the smaller islands which lie between these locations...

s 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

Investment

Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

 arm of the respective state governments. The company vehicle number plates

Malaysian vehicle number plates

Malaysian vehicle license plates are license plates displayed on all motorized road vehicles in Malaysia, as required by law. The issuing of license numbers is regulated and administered by the Malaysian Road Transport Department, but the Department is not largely in charge of the production of...

 are 2692 or 2962.

Board of directors

As a state agency, the position of Chairman of the Board of Directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 is held by the Menteri Besar

Menteri Besar

The Menteri Besar is the chief executive of the state government for states in Malaysia with hereditary rulers. For states without a monarch, the title Chief Minister is used...

(Chief Minister), together with ten (10) other directors comprising:

• the Chief Executive of JCorp;
• three (3) officials of the Johor Civil Service:
  • the State Secretary
    Secretary of State
    Secretary of State or State Secretary is a commonly used title for a senior or mid-level post in governments around the world. The role varies between countries, and in some cases there are multiple Secretaries of State in the Government....
    
    ;
  • the State Legal Advisor;
  • the State Financial Officer;
• three (3) 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 (3) 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

Sultan Ibrahim Building

Sultan Ibrahim Building is the former state secretariat building of Johor. It is located at Bukit Timbalan in Johor Bahru, Malaysia. The building was constructed between 1936 and 1939 and was completed in 1940 as the British colonial government attempted to streamline the state's administration...

, Johor Bahru

Johor Bahru

Johor Bahru is the capital city of Johor in southern Malaysia. Johor Bahru is the southernmost city of the Eurasian mainland...

, with two staff. The corporation's current office is at Kotaraya Complex. JSEDC changed its name to Johor Corporation at the end of 1995.

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

Pasir Gudang

Pasir Gudang is an industrial town located 35 km east of Johor Bahru in Malaysia . It is the eastern end of the Johor Bahru metropolitan area. The population is around 100,000. It is connected by the 4 lane Pasir Gudang Highway, a trunk road, and a railway line to Johor Bahru...

, an industrial township in south east Johor. Since July 1, 1977, JCorp has been appointed as the local authority

Local government

Local government refers collectively to administrative authorities over areas that are smaller than a state.The term is used to contrast with offices at nation-state level, which are referred to as the central government, national government, or federal government...

 of Pasir Gudang, the first local authority 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

Public company

This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...

:

• Palm Oil
  Palm oil
  Palm oil, coconut oil and palm kernel oil are edible plant oils derived from the fruits of palm trees. Palm oil is extracted from the pulp of the fruit of the oil palm Elaeis guineensis; palm kernel oil is derived from the kernel of the oil palm and coconut oil is derived from the kernel of the...
  
  : Kulim (Malaysia) Berhad
  Kulim (Malaysia) Berhad
  Kulim Berhad is a Malaysian company. Through its subsidiaries, it engages in oil palm plantation, investment holding, and property investment businesses in Malaysia...
  
   
• Specialist Healthcare: KPJ Healthcare Berhad
• Property Development: Johor Land Berhad
• Intrapreneur Venture Division: Sindora Berhad

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 SB
• 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
• Pro Communication Services
• Sibu Island Resort
• Tepak Marketing Sdn Bhd
• JKiNG Sdn Bhd
• Willis (M) Sdn Bhd

In 2006, JCorp bought a majority share in TMR Urusharta (M) Sdn Bhd, a facilities management company.

External links

• Johor Corporation Official Website