Chariots Of Plenty
Wealth Magazine, 9 May 2008
YTL’s accomplishments are rooted in consistency and an unrelenting belief that business must be a “force for good.”
Guardians Of The Fortune
Wealth Magazine, 3 May 2008
The requirements of entry for the fourth generation have been raised by one degree: While their parents needed at least one university degree, the youngsters must have two degrees before they can work at YTL.
"It's not easy for the fourth generation, who has tasted some wealth, to continue to understand the values we set forth. So, the bars are higher and they have to face it squarely, they can't run away. Much is given, much is expected," Tan Sri Francis explains.
Call of the Red Seas
Wealth Magazine, 25 April 2008
To deliver YTL's vision - world-class services at Third World prices - Tan Sri Francis proposed a gorundbreaking scheme: YTL would issue 15-year bonds in ringgit. Most importantly, it presented a viable financing model to the developing world. This debt-financing approach became the pin-up model for many other countries wanting to privatise their utilities sectors. YTL was mentioned in every major central bank report, academic study, infracstructure conference and the like. The Malaysia IPPs that won licences later also adopted a similar financing model. The first five raised more than $4 billion entirely from the domestic market, according to Euromoney, and it defended the IPPs from the US dollar's precipitous rise against the ringgit during the Asian crisis.
Starry, Starry Knight
Wealth Magazine, 23 April 2008
A rising Malaysian multinational is acquiring key assets worldwide, including high-profile acquisition in Singapore. The YTL group had previously ascended on the strength of its audacious deal-making, consistent ability to beat deadlines and the magnetic personality of its Managing Director, Tan Sri Dato’ Francis Yeoh. Can YTL make as much of a difference in established global markets?
Bold moves at the helm of a Malaysian Giant
IHT, 21 March 2008
"People think it's very easy," Yeoh said recently during a business trip to Singapore. "My God, it's so far from the truth. I've been like Sisyphus - every time rolling a stone up the hill and the next morning it rolls down again." After a brief pause, he added, laughing, "Well today, I still feel like Sisyphus but at least some stones are now staying up there."
With smaller foreign currency exposure than other Asia-based companies, YTL emerged from the Asian financial crisis at the end of the 1990s in better shape to expand abroad. YTL bought British utility company Wessex Water for £1.2 billion, or $2.4 billion at the current exchange rate, in 2002 and owns power investments in Indonesia and Australia. Today, Yeoh pointed out, 70 percent of the company's revenue comes from abroad.
YTL Chief awarded Fellow of the Institution of Civil Engineers
YTLcommunity News, 12 February 2008
I thank my Lord Jesus for making this possible. Our Lord Jesus worked as a carpenter or constructor up to the age of 30, before His preaching on the Kingdom of God. It shows in a way that God places importance of vocation and leadership of Christians in the market place too. I would like to dedicate this honour to all the engineers and constructors in the YTL Group. They have made YTL one of the most respectable infrastructure and utilities group in the world. In fact we have engineers in 3 continents managing engineering services for 10 million customers. They are my unsung heroes.
Civil engineers had always contributed much to society in the past. Who can forget Joseph Bazalgette, who as Chief Engineer of London’s Metropolitan Board of Works in 1856, created a sewer network for Central London which helped relieve the city from cholera epidemics. His work arguably saved more lives than doctors at that time. He was the President of the Institution of Civil engineers in 1883.
Prestigious Pursuits
World of Watches Magazine, 14 December 2007
By the time you read this, Starhill Gallery in Kuala Lumpur would've turned into a hive of activity as moneyed collectors from around the region zoom in to peruse the best in haute horlogerie. And the man to thank for this BaselWorld-modelled fair is Tan Sri Dato' Francis Yeoh, Group Managing Director of YTL Corporation Berhad, which owns Starhill Gallery. As to how the brainwave came about, francis explains: "I was privileged to be invited as a mall owner to attend the Basel watch fair last year. As a watch collector, I drooled over the many beautiful timepieces, but was unable to satiate my appetite immediately. I had to first place an order and then wait six months for it to be delivered.
That set me thinking that there should be a watch fair with exquisite timepieces that you can buy on the spot.
YTL Corp redefines luxury
The Edge Singapore, 4 December 2007
To Yeoh, "long term" is not just 15 to 20 years into the future. He is talking about building something that will last at least 100 years and is unlikely to become a victim a future collective-sale wave. It is probably the nature of YTL’s business that gives Yeoh a long-term perspective that I am different from that of conventional property developer.
Environment Protection the Responsibility of Every Single Individual
MGCC, 3 December 2007
As one of the leading infrastructure conglomerates in Asia, YTL Group has made it its commitment to possibly fulfill every responsibility it carries with regards to environmental protection while the Group's business activities continue to grow worldwide. Malaysian German Chambers of Commerce (MGCC) talks to Tan Sri (Dr.) Francis Yeoh, Managing Director of YTL Corporation Berhad, and learns of his personal thoughts on Climate Change and the Private Sector's responsibilities.
Meet the man who paid $435m for Westwood, Orchard Boulevard
The Straits Times, 3 December 2007
Mr Yeoh has overseen the remarkable transformation of YTL from a tiddler worth $200,000 to a $13 billion conglomerate, with interests in construction, property, hotels and utilities. Its latest move made headlines here last week when YTL paid an eye-popping $435 million for Westwood Apartments (above), a 30-year-old condominium in Orchard Boulevard.
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