Dato' Amiruddin Abdul Satar
I am pleased to share with you KPJ’s first integrated report (IR), which has been prepared based on six capitals for the financial year ended 2018 (FYE2018), as guided by our strategic direction.
The Group operated within a complex and shifting external environment in 2018, marked by shifts in geopolitical and macroeconomic factors, health regulations and evolving trends, within an increasingly competitive private healthcare sector. In our primary home market of Malaysia, the economy grew at a moderate rate of 4.8%, and this sluggish growth impacted demand for private healthcare services with many corporate employers downsizing and reducing their employees’ medical benefits. At the same time, the new Government in Putrajaya unveiled a more healthcare centric Budget 2019, with Government allocations aimed at reforming the healthcare sector in the country.