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Tan Sri Dato’ Seri Vincent Tan Chee Yioun, the founding father of Berjaya Corporation Berhad (BCorp), has stepped down as its non-independent, non-executive chairman and can assume the function of an advisor.
Tan had retired from conglomerate BCorp’s board in 2012 when he turned 60 years previous, however returned as government chairman 5 years later.
In 2021, he resigned as government chairman of BCorp, however had remained on the Board of Directors as a non-executive chairman.
Now, as an advisor, he’ll present steerage to the board and assist the continued progress of BCorp.
While he’ll nonetheless be concerned within the group, Tan shared that his stepping down will enable him to commit extra time to selling his charitable basis, Yayasan MyFirst Home.
Helping the B40 section personal their first properties
Just days shy of its one-year anniversary, Yayasan MyFirst Home (YMFH) is a basis that promotes and facilitates the event of reasonably priced housing and residential possession by the B40 group.
“I am particularly passionate about finding solutions to assist the B40 group to be able to buy and own an affordable home, which is the reason I founded Yayasan MyFirst Home with a personal donation of RM5 million to fund its initial start-up and operating costs,” Tan, the twenty first richest Malaysian as of 2022, defined.
This philanthropic ambition of Tan’s isn’t new. In 2021, when he stepped down from the function of government director, the purpose was so he might deal with constructing affordably priced properties for Malaysians by his Better Malaysian Foundation.
The purpose of YMFH is to behave as a singular contact level and facilitator to convey collectively all the varied stakeholders, together with builders, financiers, donors, NGOs, related governmental companies, and different events, to work collectively to fulfil its mission.
According to YMFH’s web site, the crew believes {that a} nation’s housing system ought to present shelter for all, and in addition facilitate folks to maneuver up the socio-economic ladder in direction of dwelling possession.
We want to maneuver away from the idea that renting is a greater resolution for the low-income group. There is all the time a necessity for the rental section however facilitating dwelling possession by modern options and pathways, for the low-income group is a possible device that may facilitate upward mobility.
Yayasan MyFirst Home
YMFH’s preliminary stage will deal with rising possession of reasonably priced housing by the decrease earnings teams—shifting them up from ‘renters’ to householders.
How the muse works
The basis isn’t a property developer, however works with companions within the trade to construct reasonably priced housing.
YMFH has a undertaking in Lanai Residences, Bukit Jalil, which was developed by Berjaya Properties. This location caters to these entitled to the Rumah Mampu Milik Wilayah Persekutuan (RUMAWIP) scheme in Klang Valley.
According to its web site, YMFH’s proof-of-concept undertaking in Subang might be launched quickly. It’s a low-density growth with 402 dual-key flats.
Three unit sorts can be found, every with a build-up of 900 sq ft. Type A contains 4 bedrooms and three loos, whereas Type B has 5 bedrooms and 4 loos, and Type C consists of three bedrooms and two loos.
Those from the B40 neighborhood can go to the YMFH web site the place there’s a pre-application type that asks for some particulars.
The basis will then attain out to the candidates for any extra data, and eligible candidates might be additional contacted by a basis officer.
Volunteers and events to collaborate can join to take action on YMFH’s web site as properly.
“I truly believe Yayasan MyFirst Home will be able to make a difference in its endeavours to help the B40 group to own their own homes,” Tan said within the press launch.
“I strongly urge all Malaysians, especially the rich and powerful among us, to help the lower-income B40s to buy their own affordable homes so that when they eventually retire and are no longer gainfully employed, they will have a roof over their head.”
Following Tan’s stepping down, the brand new BCorp boardroom options an all-female lineup. YAM Tunku Tun Aminah Binti Sultan Ibrahim Ismail is the non-independent non-executive chairman, whereas Vivienne Cheng Chi Fan and Merine Tan Sheik Ping are the joint group CEOs and government administrators.
“The latest changes in the BCorp boardroom reflect the group’s commitment to promote women’s empowerment in the workplace,” Vincent Tan commented in a March 1 press launch.
- Learn extra about Yayasan MyFirst Home right here.
- Read different articles we’ve written about Malaysian startups right here.
Featured Image Credit: Wiki Commons
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