FedEx Sponsored School Wins 'Best Annual Report Award' in Young Enterprise Achievement Programme
KUALA LUMPUR, 29 October 2002 - Du-rians Enterprise, a company set up by SMK Damansara Utama under the Young Enterprise Achievement program to develop the spirit of entrepreneurship among secondary school students has achieved top honors by winning the 'Best Annual Report' 2003 award. Du-rians Enterprise were also named as 3rd runner-up in the 'Best Product Award' category.
FedEx Express (FedEx), the world's largest express transportation company, has been sponsoring SMK Damansara Utama for the past 3 years in the annual program, which was introduced to Malaysia in 1989 by the American Malaysian Chamber of Commerce (AMCHAM).
"FedEx is pleased to be have a long-term involvement in this program as a sponsors and supporters," said FedEx Malaysia Managing Director Lily Tay.
At today's presentation ceremony, Du-rians Enterprise Managing Director Jonathan Lim Jien Ming and Company Secretary Sarah Wong Tze Yuin received the award on behalf of the Company from En Kamaruddin Ismail, Assistant Director of Schools, Ministry of Education.
Du-rians Enterprise was involved in the supply of gold candles, fur balls, friendship bands, denim pouches, notebooks and photo frames with the expert assistance and advice from FedEx personnel Krishna Venugopal and Chin Woon Koon.
"The SMK Damansara Utama students, aided by their teacher adviser, were highly motivated and enthusiastic throughout the program - from the setting up of the company right down to its operational and marketing activities where the students were able to experience first-hand the real challenges and dynamics of running a business." said Ms Tay
"The program is able to nurture and unearth leadership skills, develop teamwork and enlighten the students on how various departments in a company complement each other in achieving business success," said Ms Tay.
The Young Enterprise program, which is recognised by the Ministry of Education and the Ministry of Entrepreneur Development, enables students (known as Achievers) to form a company with a limited authorised capital of RM800 at their school.
Each week, sponsor companies such as FedEx (known as Advisers) visit the Achievers at their schools to give practical advice in the various business disciplines like manufacturing, marketing and sales, finance and administration, human resource development and other critical elements of a successful business.
Achievers experience the full business life cycle as they start a company by raising capital through the sale of shares and voluntarily liquidate their company at the end of the school year.
"FedEx Malaysia is recognised as one of the best employers in Asia, and through this program, we are also providing a positive role model for the community here in Malaysia. After all, these students are Malaysia's future business leaders." said Ms Tay.
The Young Enterprise Achievement Awards are divided into the Best Product, Best Annual Report and Best Managed Bank Account. The Best Annual Report emphasises clear financial reports, relevant corporate information and good command of language in Bahasa Malaysia or English. The Best Product is evaluated for its creativity, production process, planning and marketability. The Best Managed Bank Account emphasises the proper management of a bank account.
With annual revenues of $23 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. In Malaysia, FedEx has centers in Petaling Jaya, Johor Bahru, Ipoh, Penang and Kuching. FedEx's 25,000 sq ft cargo handling facility at the Kuala Lumpur International Airport was opened in July 1998.
