Our schools today are outdated with focus solely on exam results that is insufficient to face the real world after school. We want to promote new school framework supporting holistic education with practical and relevant skills while uphold family values and giving back mindset. Purpose of school is about educating students to make positive contributions; contribute positively to individual, family, economy and society.

1. 1
Street Smart, Book Smart School
Secondary School with
Practical, Affordable & Relevant (PAR)
holistic EDUCATION for Future
Prepared for:
September 2014

2. 2
Why We Need to Act NOW

3. 3
Our Schools Are Outdated !
The World Has Changed Rapidly but Our Schools Have Not !
Employers can’t get right people?
Employers are becoming increasingly
dismayed by Malaysian "generation Y" job
seekers who generally have a poor command
of the English language and lack
communication skills, are too spoiled to handle
stress, and in a hurry to climb the corporate
ladder yet indifferent to the need for
experience. – Malaysian Insider, June 2014
Industrial Age
• Parents’ advice: go to
school, get good
grades, and look for
safe, secure job
• You became more
valuable the older you
got
• The employer was
responsible for your
retirement plan
Information Age
• what you learned is
important, but not as
important as how fast you
can learn, change, and
adapt to new information
• You become less
valuable the older you get
• You as employee
responsible for your own
retirement plan
Subtle yet significant differences
between the 2 ages
The World has evolved very fast
*Education is more important than ever before because things will be changing faster*

4. 4
Current State of Our Education
Low quality Malaysian education more
alarming than household debt
Dr Frederico Gil Sander, World Bank’s senior economist
for Malaysia, said Malaysian should be “alarmed” that
their children were doing worse in school than children
in Vietnam, a country poorer than Malaysia
12 year Blueprint =
Challenges in action
and result
Graduates
learn right
skills for job?
*Is the education receives in school adequate to meet the challenges of the new world?,*

5. 5
Can You Afford Today’s Education?
The current alternative to national schools are too expensive
International Schools Private schools -
School fees ~ RM65k+ p.a.
5 years total ~ RM325k+
School fees ~ RM70k+ p.a.
5 years total ~ RM350k+
School fees ~ RM60k+ p.a.
5 years total ~ RM300k+
School fees ~ RM60k+ p.a.
5 years total ~ RM300k+
National syllabus
School fees ~ RM20k+ p.a.
5 years total ~ RM100k+
Private schools –
International syllabus
School fees ~ RM30k-60k+ p.a.
5 years total ~ RM150k-300k+
Malaysia’s average salary is USD961 per month according to United Nations’ International Labour Organization (ILO) 2011
The average household income for Malaysia was recorded at RM5,000 per month in 2012 (Department of Statistics, Malaysia)
*Expensive schools produce materialistic & realistic students with entitlement mentality,*

6. 6
Which Segment of Education to Focus?
Focus on Critical Hollow in Malaysia’s Education
University / College Primary School
Secondary Schools
Good Chinese schools
and missionary schools
Good varieties of
universities and colleges
Secondary education is now being recognized as the
cornerstone of educational systems in the 21st century.
Quality secondary education is indispensable in creating
a bright future for individuals and nations alike.
~ World Bank or migrate
overseas?
*Making learning a lifelong commitment.*

7. 7
Proposed Street Smart Syllabus

8. 8
Overall Wholistic Education Theme
Street Smart , Book Smart School focus on PAR (Practical, Affordable,
Relevant) holistic education theme
*Every child is special, every child has a genius in them*

9. 9
RELEVANT ~ School Syllabus to Cover 5 Core Relevant Areas
2) Direction
1) Skills
3) Intelligence
4) Values
5) Sustainability
*Fortunate in using our valuable hand as a guide*

10. We need the P’s and F’s to prepare the students for future – not just exam A’s
10
Relevant ~ Secondary School Syllabus : 2P’s & 3F’s
2) Futurist
Direction
1) Pitching
Skills
3) Financial
Intelligence 4) Family &
*I took the one less travelled by, that’ has made all the difference
Fitness
5) Philanthropy
mindset

11. 11
1) Pitching Skills
Presentation
Pitching skills to focus on 4 key areas
• Presentation with confidence
• Clarity and influencing messaging
• Carry oneself well
Marketing
Communication
• Origination of transactions / businesses are through effective
marketing
• Learn principles of marketing and various marketing strategies
• Importance of branding and credibility
• Learn effective communication and interpersonal skills
• Communication with Engagement upwards, downwards and lateral
• Listening skills
Languages
• To learn multi languages. English as primary language. Chinese
and Malay as compulsory second languages. Conversational
languages such as Japanese, Korean, Latin etc to be offered
• Teachers of various races and languages with different cultures
sharing with students
*Half the battle is won with right pitching skills*

12. 12
2) Futurist Direction
Direction is governed by 2 key drivers – Thinking and Action
Think creatively and be innovative ~ 7 principles of Innovation
Secrets of Steve Jobs
1.Do what you love. Think differently about your career
2.Put a dent in the universe. Think differently about your vision.
3.Kick start your brain. Think differently about how you think.
4.Sell dreams, not products. Think differently about your customers.
5.Say No to 1,000 things. Think differently about design.
6.Create insanely great experience. Think differently about your brand
experience.
7.Master the message. Think differently about your story.
Thinking
Action
Action speaks louder than words
•Malaysian are very good in great ideas and slogans…but don’t act on
what they say
•Everyone holds different opinion on different thing, and there’s no
right or wrong on it, so stop argue, ACT on it and prove yourself
*You can’t drive forward by only looking at back mirror and don’t step on accelerator.*

13. 13
3) Financial Intelligence
Detached from values, money may indeed be the root of all evils, but linked effectively to social
purpose, it can be the root of all opportunity
• Robert Kiyosaki’s in his book Rich Dad Poor Dad as financial intelligence is 1) financial literacy;
2) Investment strategies; 3) the market, supply and demand and 4) the law- playing within the
rules and regulation (accounting, corporate, national , tax)
• Unfair Advantage – the power of financial education
1) Knowledge ~ gain more knowledge because knowledge is the real money
2) Taxes ~ the harder you work for money, the more you pay in taxes, the harder your
money works for you, the less you pay in taxes, the harder other people’s money works
for you, you pay even less in taxes
3) Debt ~ differentiate Good Debt vs Bad Debt
4) Risk ~ best way to minimize risk is by taking control, not by avoiding risk and using
oxymorons
5) Compensation ~ Work to learn – don’t work for money.
• Excellent Tips from Warren Buffett
1) On Earnings ~ Never depend on single income. Make investment to create second
*Choose your teachers wisely*
source
2) On Spending ~ If you buy things you don’t need, soon you will have to sell things you
need
3) On Savings ~ Do not save what is left after spending, but spend what is left after saving
4) On Taking Risk ~ never test the depth of river with both feet
5) On Investment ~ Do not put all eggs in one basket

14. 14
4) Family Values & Fitness Health
Fusion of core focus on Asian family values combined with the good of Western family values
• Asian values for family to be emphasized
 Discipline
 Taking care of family and elderly
 Put family and the team first
 Work hard
 Be polite and respect elderly
 Integrity
• Combined with Western family teaching
 Independent
 Dare to speak out
 Sharing with parents similar to friends
• The school activities to include:
• Full day school hour and activities, no or minimal homework
• Focus on fitness & healthy with sports activities
• Encourage students to spend more time with family and parents to spend time
with their children
• Cooking skills for all
• Basic DIY skills
• Emphasize on fair competition,to pick the right people based on merit and reward talent
“If my children and grandchildren can be like me, then they don’t require
material inheritance. But if they are not like me, then of what use is my
wealth to them?” ~ Robert Kuok’ beloved mother
Be actively involved in
your child, in family life ~
Dalai Lama on how
parents can raise healthy
and involved children
*Practice honesty, integrity and trustworthiness as life’s virtues*

15. 15
5) Philanthropy Mindset
Philanthropy is not just donation, it is to create a sustainable cause
If you teach a man
to teach others to
fish, the whole
community will be
sustainable for
generations
• To change today’s mindset which centred around “entitlement mindset”
• The students would be taught and practicing the Law of Sustainability –
1. Reciprocity, Give more and you shall receive more;
2. Learn to give more;
3. Leverage the power of compounding knowledge ~ you can teach a person to
fish, but you cannot force a person to learn to fish
• Alumni are required to continue to contribute to the school and students ~ The more
people I serve, the more effective I become
• Students always reminded to make a difference and help others ~ Change the world for
the better even in small way
Robert Kuok : Wealth should be used for
two main purposes. One: for the generation
of greater wealth; in other words, you
continue to invest, creating prosperity and
jobs in the country. Two: part of your wealth
should be applied to the betterment of
mankind, either by acts of pure philanthropy
or by investment in research and
development along the frontiers of science,
space, health care and so forth
*The Goal is not to live forever, the goal is to create something that will*
The Giving Pledge

16. 16
Methodology for Creating Street Smart Environment
**
Study Tour
Collaboration
Sports
Experience
Sharing
Environment
Information
Age
1) Power of Collaboration
- collaborate with established & experience
organizations
- join up to work on set of programme / framework on
core skill(s) with full year syllabus
2) Leverage on Information Age
- using readily available materials, free download :
YouTube; tv series, movies
Eg watching MacGyver series to learn science,
creativity, innovation
Eg online courses Khan Academy
Watch together with family on weekend , discuss among
family on the values, share with class
3) Exposure through Study tours
- learn from exposure and practical issues
Eg factory visits: learn on quality control, efficiencies,
packaging /branding, marketing, processes
4) Fun learning with Sports
- good for character building
- learn on teamwork, strategy (read the game), and
competitiveness
5) Experience Sharing: Invite speakers / visiting
professionals / conduct workshops
- Speakers / professionals sharing their real world
experience
- invite expatriates (eg British Council) for cultural and
language familiarity
6) Establish Environment for Creativity and
Innovative Ideas
- new classroom design / lay out . Eg Digi, Google
- participate actively in TED and TEDed conference

17. 17
Current Trust Schools

18. 18
Various Models of PPP
Strong PPP Light PPP
**
Public School
Operation
Public School
Management
Purchase of
Private School
Places
School
Capacity
Building
School
Support
Services
Government
contracts with
private sector to
operate schools.
Private sector
hires and
manages all
school staff.
Government
contracts with the
private sector to
manage government
schools.
Private sector hires
and manages
principal and senior
staff.
Teachers remain
government
employees.
Government buys
places at private
schools to allow
children to attend
these schools at
zero cost to
parents
The private sector
delivers training,
support and
capacity building
to government
teachers working
in government
schools
Government
contracts out the
delivery of support
services – security,
facilities
maintenance etc
to the private
sector
Not operating in
Malaysia
Not operating in
Malaysia
Economic
Transformation
Programme EPP13
– yet to be piloted
This is effectively
the current Trust
School model
launched 2010
This model has
been delivered in
Malaysia for
several decades
Reference #1:

19. 19
Current Trust School Model May Not Be Sustainable
Although the current Trust Schools are commendable steps in the right direction, PPP works best
when there is high autonomy and high accountability. Each sector needs to be part of school
system to play significant roles to ensure success and sustainability of the school
**
Private sector
involvement
• Private sector main role as funder only.
• Private sector does not have management authority over the school leaders or teachers,
could only influence to have non performing teachers transferred out of the school.
• Delivery of the education is the key to successful education which private sector is not
involved.
• Therefore it reduces the key reason for private sector to participate
Teachers and school
leaders
• The teachers and school leaders are from the current government set of teachers. Change of
mindset and the delivery of any new alternative education would be a huge challenge.
• Teachers don’t need to be competitive as there is no incentives for government teachers to
join trust schools or to perform better than peers‐ similar bonus scheme to all.
• Better teachers have and continue to join private sectors given the market and performance
based pay.
• Given the scale as civil service’ pay, many teachers focus on providing extra tuition classes
after school to meet the cost of living.
Programme funding
mechanism
• The total 5 year CSR cost of supporting the first 10 Trust Schools was reported to be around
MYR100m. Given MOE’s desire to establish 500 Trust Schools, the funding required from
private sector would be huge going forward.
• Given the non‐involvement of private sector in the Delivery of better education, any
contribution from private sector may be seen as a form of taxation.
• Public education expenditure in Malaysia is the largest sector of government spending,
leading the concerns on Government’s ability to continue funding education on sustainable
basis.
Source: CfBT Education Malaysia

20. 20
Current Trust School Model May Not Be Sustainable…cont’
Although the current Trust Schools are commendable steps in the right direction, PPP works best
when there is high autonomy and high accountability. Each sector needs to be part of school
system to play significant roles to ensure success and sustainability of the school
**
Continuity • The current programme model envisages that Trust Schools will remain part of the
programme for 5 years, after which they will return to the mainstream system.
• This raises the concerns on continuity of the programme , whether the individual school ‘s
new leaders subscribe to the earlier transformation.
• With the change in teaching staff either retire, transfer to new school or join private sector
each year, the continuity of the transformation process would be affected
Autonomy • Given the teachers are from the government system, the administrative processes and
bureaucracy system may sets in , which may affect the efficient transformation and decision
making process.
• Lack of autonomy will dampen creativity and innovation to improve the system.
Parents’ involvement • There is no specific clear role for the parents, who are pushing the sole responsibility to
educate their children to government.
• Parents take things for granted as its human nature not to appreciate free things. The failure
of PTPTN’s noble cause is a result of not appreciating government’s effort.

21. 21
Proposed Full PPP Model for Schools

22. 22
Proposed PPP (Public Private Parents) Model
Involvement of all stakeholders, Government, Private sector and Parents , will enhance the
delivery of practical, affordable and relevant education on sustainable basis
New PPP
model
Government Private Parent
Key roles Providing academic
contents with infrastructure
& facilities
Ensuring delivery of holistic
education by managing
operations of schools
Joined up to complete
the Family Values and
Philanthropy Mindset
Syllabus • National syllabus as base
framework
• National assessment eg
PMR/PT3 or SPM
• Autonomy to provide
additional delivery of broader
education, eg using English to
teach certain subjects, whole
day school etc
• Enhanced with holistic
education on street smart skills
• Participation in
school’s PTA meetings,
social and community
projects
Funding
responsibility
• School building
• Furniture and fittings
• Facilities and
maintenance
• Educators’ salary and bonus
• Educators’ medical, EPF,
pension
• Holistic education activities
expenses
• Other activities outside
of school hours, eg
raise funding for
community projects
The above items are initial proposal, subject to further refinement and change

23. Structured as No-Dividend Social Enterprise
The school to be professionally managed as profit social enterprise but all surplus would be retained in the school
endowment fund to ensure sustainability
The proposed organisation structure to ensure confidence and maximise inputs from experts for sustainable structure
Education
Foundation /
Endowment
Secondary School
Board of Governors
External
Trustee/Auditors
Panel Advisors
NGOs/
Associations’ reps
• Segregation of the Foundation and the
School
• Plans are presented by the School to
Board of Governors for approval.
• External Trustee / auditors to ensure
confidence in governance and
compliance
Book Smart
(Academics)
• Attract Advisors with strong industry
track record and commitment to improve
education
• Feedback from relevant parties eg
NGOs/ Association for continuous
improvement
Street Smart
(Skills)
Principal &
Management
* Integrity is doing the Right thing when no one is watching* 23

24. 24
Benefits of the Proposed PPP (Public Private Parents) Model
Reduction in
Government’s
expenditure for public
education
The cost of providing good education is not the sole responsibility of the
Government. It is shared by all sectors concerned;
• Parents are contributing but at much lower cost than private schools or
international schools
• Private sector educates future working force that will be able
contribute positively immediately upon joining
• Government continue to maintain its main responsibility in providing
good education to public
Upholding national
syllabus
Reversing the current trend of parents switching to international schools,
Chinese independent schools, Christian home schools etc.
MOE has been and could continue to improve the framework of the
national syllabus.
Focus on Delivery of
education
Allowing private sector to have autonomy in managing schools which gives
flexibility in how the curriculum is delivered, freedom to innovate , ability
to hire to compete, and providing full day school.
Target the widest
demographic
By providing affordable alternative school, the majority of the middle class
and lower middle class would be able to participate
Reducing polarization With the strong delivery and affordable structure, the PPP school would be
open to all Malaysian.
Most successful schools are private and international schools which are
very multiracial – however, the opportunity to attend these schools are
only open to middle and high income families who can afford the fees

25. 25
Benefits of the Proposed PPP (Public Private Parents) Model
Create strong
performance based
culture
The educators’ remunerations are tied to performance with the operations
are being professionally managed.
Increase competition Given the PPP schools are assessed in national syllabus, they offered direct
comparison to other public schools. Therefore both public schools and PPP
schools will compete among each other.
Teachers in public school would also compete to improve the quality of
education delivery
Reduction in private
education fees
Current rising education fee due to strong demand with limited supply. The
PPP schools will provide strong competition to private institutions, forcing
the fee to be competitive. The whole community will benefit in overall cost
reduction.
Private sector direct
involvement create
strong commitment
Given private sector is directly responsible for hiring and managing the
school’s educators, it will be more committed to ensure successful delivery
rather than merely providing funding.
Create strong
accountability
The private sector operators are measured against a set of key
performance indicators with periodic reporting on school performance.
Education to be part of
private sector CSR
As private sector are directly involved and actively play a role in creating
the next generation of corporate leaders, private sector would be keen to
include education as its CSR activities

26. 26
Benefits of the Proposed PPP (Public Private Parents) Model
Reduce inequality in
education
Current trend of parents switching to private schools and international
schools has widen the gap on inequality in education. Other alternative
such as School Vouchers provide choice to parents to switch to private
schools, thus increasing the inequality of education.
Given the PPP schools are on national syllabus, the gap for inequality in
education will be reduced.
Greater parental and
community involvement
As parents are contributing in both funding and activities for the children,
they will join up to ensure successful delivery. Any teaching on Values and
Philanthropy Mindset will not be complete without parents’ involvement.
Increase confidence in
quality of national
syllabus
Current perception of inferior quality in national syllabus leads to increase
of private international schools. By having healthy competition among
public schools and PPP schools on national syllabus, the public confidence
could be enhanced.

27. 27
Addressing Potential Concerns
Parents should not pay
for education
Currently parents are already paying for their children’s multiple tuition
classes. If the delivery of the national academic syllabus could be improved
during normal school hours, the need for tuition classes will be minimised.
Further deterioration in public education would force parents to switch to
private schools, thereby increase their cost.
Government should not
fund for private
operations
Public education has been the largest government spending and likely to
increase in future. Government debt has ballooned in recent years, with
the rising interest cost would cost more for Government.
PPP model is not new in Malaysia , many major projects such as power
generation, highways etc are operated in some form of PPP.
Government teachers
will switch to private
sector
Currently good government teachers have been and will continue to be
pinched by private schools. More teachers are switching to teaching
international syllabus instead of national syllabus. By providing market
based remuneration for national syllabus, it will increase the supply of
passionate educators.
Low income families
can’t afford
By addressing the need for majority of the population (middle income
class), Government could create targeted incentives for specific target
group. Instead of implementing School Vouchers (EPP13) for all,
Government could provide school vouchers to low income families only.
Government could allocate resources to those with special education
needs (SEN) such as autism, handicapped etc

28. 28
Addressing Potential Concerns
Attracting profit driven
private sector
Many private institutions would be very keen to run the schools as profit
driven entities given the strong demand.
A key prerequisite for PPP schools is to structure as no‐dividend social
enterprise. Any profit would be channeled back to the school rather than
benefiting any specific shareholder.
Leads to privatisation of
national schools
Current trend of mushrooming private schools, private international
schools and home schooling could cause greater segregation of education.
Suspending of issuing new license / approval for private schools will only
cause greater segregation and higher cost of education.
The PPP schools are based on Government devised syllabus and continue
to be under MOE’s purview. The structure of no‐dividend social enterprise
ensure the PPP schools are not run as fully private entity. MOE to have
representation in the Board of Governors for the PPP school.
School vouchers (EPP13)
could provide parents
with choice of school
Albeit its noble intention of providing choice, the implementation for all
will not be practical given the size and scale of schools. It will lead to other
unwanted consequences such as higher migration to private schools,
greater inequality of education, greater segregation and difficult allocation
of government funding. It is also not likely to increase the quality of
teachers and its delivery. Therefore it will lead to higher overall cost of
education. There are mixed results on School Vouchers implementation in
other countries.

29. 29
Addressing Potential Concerns
We need national policy
and education blueprint
to implement
It is hugely challenging for any government or country to address more
than 10,000 schools and not practical to devise one policy for all. Prompt
positive execution will be lead to higher confidence from public. Better to
start small and fast, then replicate the success and improvement is a
journey. Having alternative schools within the national system is not new,
there are smart schools, cluster school, PINTAR etc
Corporates could adopt
or sponsor schools
Despite the nobility of corporates to contribute, the full donation or
sponsored schools will not be sustainable. Providing good education is by
no means cheap or sole responsibility of particular party. Therefore it
should be shared by all parties concerned, Public sector, Private sector and
Parent to allow sustainable form.
We need a long and
thorough study
Information and knowledge are no longer confined given the wide
availability of internet based research and studies. Since Government has
started the implementation of Trust Schools (light PPP), it is timely for
Government to move up to the full PPP model. Instead of conducting long
study, it is recommended to start with one or few pilot PPP schools. It is not
practical to expect large participation at the onset as its human nature to
jump into the bandwagon after it is proven successful. (Steve Jobs never
conduct market research for its products but its Ipod, Iphones etc receive
strong demand once proven)

30. 30
Proposed Financing Model

31. 31
Proposed PPP Hybrid EduSukuk
Private School
(Investors) Government
Beneficiary
Issue
EduSukuk
Proceeds $$
Periodic
coupon
payments
Principal
repayment
The EduSukuk would have following key features of hybrid bond and vanilla bond:
 Perpetual legal maturity – to mitigate default based on legal maturity
 Multiple call options ‐ to allow early prepayment without penalty. The calls would be structured based on expected
repayment capabilities, eg 15 years, 20 years, 25 years and 30 years.
 Partial payment on call date – to allow collection to be used to reduce principal and thus interest payment
 Step‐up coupon after certain call period ‐ to encourage repayment. Eg first step up after 20 years, another step up after 25
years and steep jump after 30 years.
 Allow transferability similar to corporate bond
 No credit rating required

32. 32
Proposed PPP Hybrid EduSukuk
Responsibility of each stakeholder for each stage of the financing:
Private
(Investors)
Public
(Government)
Beneficiary
At issuance
Periodic coupon
Step‐up coupon
Principal repayment
Periodic Payments
Similar to Government public debt, coupon payment for EduSukuk would be paid by Government. The proposition is based on the
alternative financing of Government raising public debt.
The coupon rate would be market rate based on Government’s debt MGS plus a nominal spread. In addition, the coupon rate to
be calculated based on expected maturity, similar concept of price to call in hybrid bond.
Interest payments are really the major component of a long tenor financing (20‐30 years) with long moratorium (10‐15 years). It
could cause the debt to double or triple due to the interest rate, moratorium and tenor involved.
Principal Repayment
The principal repayment would be the responsibility of the beneficiary, ie the student receiving the financial aid. Beneficiary
effectively has an interest free debt. Upon entering the working force, the beneficiary is required to deduct a nominal percentage
(%) of its income to the School Trust Fund. The repayment is flexible dependent on beneficiary income. The deduction could be
structured with only upon achieving above certain threshold income, eg above poverty income level. Beneficiary has flexibility to
repay more or prepay early should their income level is strong.
Step‐up Coupon
Repayment and early repayment would be essential to ensure sustainable financing. Therefore it would be important to
encourage repayment and early repayment.
The difference of the step‐up coupon and initial coupon to be borne by the beneficiary

33. 33
Proposed PPP Hybrid EduSukuk - Illustration
Basic assumptions used as follow:
Based on report by UNESCO, Malaysia 2008 public spend
is USD3000 per student per annum #1.
Interest rate for Malaysia Government Securities as at 10
September 2014 is 4.30% for 20 years and 4.66% for 30
years respectively#2.
Students spend 5 years in secondary school education
Students take 10 years from first received financial aid to
generate income
The structure and assumptions of the PPP Hybrid
EduSukuk as follow:
Issue PerpNC20 EduBond, ie perpetual legal maturity, first
call date is 20 years with subsequent annual call option
Coupon rate fixed at 30 year Malaysian Government
Securities rate plus spread of 50 basis points; ie
4.66%+0.50% = 5.16%
Based on the above, the amount required is assumed
higher in order to be comparable to private schools, I
assume at 1/3 higher than the UNESCO report, ie
USD3000*4/3=USD4000 per annum. Total spend for 5
years = USD20,000.
USD/MYR @ 3.20 as at 10 September 2014, thus total
MYR64,000.
Students to deduct either 3% or 5% of their income as
repayment. This may be allowed to be repaid via EPF
contribution, such as in Singapore which allow CPF to pay
for mortgage instalment
Salary Salary Contribution per annum
Cummulative
Year per month per annum 3% 5% 3% 5%
11 2,500 30,000 900 1,500 900 1,500
12 2,500 30,000 900 1,500 1,800 3,000
13 2,500 30,000 900 1,500 2,700 4,500
14 4,000 48,000 1,440 2,400 4,140 6,900
15 4,000 48,000 1,440 2,400 5,580 9,300
16 4,000 48,000 1,440 2,400 7,020 11,700
17 7,000 84,000 2,520 4,200 9,540 15,900
18 7,000 84,000 2,520 4,200 12,060 20,100
19 7,000 84,000 2,520 4,200 14,580 24,300
20 10,000 120,000 3,600 6,000 18,180 30,300
21 10,000 120,000 3,600 6,000 21,780 36,300
22 10,000 120,000 3,600 6,000 25,380 42,300
23 13,000 156,000 4,680 7,800 30,060 50,100
24 13,000 156,000 4,680 7,800 34,740 57,900
25 13,000 156,000 4,680 7,800 39,420 65,700
26 17,000 204,000 6,120 10,200 45,540 75,900
27 17,000 204,000 6,120 10,200 51,660 86,100
28 17,000 204,000 6,120 10,200 57,780 96,300
29 20,000 240,000 7,200 12,000 64,980 108,300
30 20,000 240,000 7,200 12,000 72,180 120,300
Assumption: the expected salary in MYR is based on author's view
Credit enhancement
There may be concerns on students generating the expected income or some
default for any reasons including death. We could employ securitization
techniques to structure credit enhancement such as over‐collateralization.
Financial aid providers could provide the seed funding.

34. 34
Author’s Note

35. 35
BIG THANK YOU for your kind considerations
Excerpts from Steve Jobs’ commencement speech at Stanford University 2005
Connecting the Dots…..you can't connect the dots looking forward; you can only
connect them looking backwards. So you have to trust that the dots will somehow
connect in your future. You have to trust in something — your gut, destiny, life, karma,
whatever.
I didn't see it then, but it turned out that getting
fired from Apple was the best thing that could
have ever happened to me. The heaviness of being
successful was replaced by the lightness of being
a beginner again, less sure about everything…
I have looked in the mirror every morning and
asked myself: "If today were the last day of my
life, would I want to do what I am about to do
today?" And whenever the answer has been "No"
for too many days in a row, I know I need to
change something.

36. 36
About the Author
Wynce Low Cha Shyang, aged 39, is an all-rounder debt markets origination specialist
that cover whole spectrum of debt markets; origination / marketing coverage of
debt financing for Malaysian issuers, both onshore (MYR) and foreign currency with wide
spectrum of debt instruments including private debt securities / global bond, syndicated
term loans, and originates primary derivatives transactions.
He has led the award winning debt team since 2008 , the only Malaysia’s debt origination
house (including among local banks) that has won the Best Debt House for 7 consecutive
years – 2013,2012, 2011, 2010, 2009, 2008, 2007 by The Assets Triple-A Country Awards.
Consistently the #1 foreign bank in MYR debt markets, including sukuk market since
leading the team in 2008, for 6 consecutive years. From 2013- 2011, the team is #1
foreign bank in MYR debt markets and MYR Sukuk markets, with more than 50% of the
foreign banks market share.
Education qualification:
CFA – passed all 3 levels in one sitting each on self study
Bsc (Economics) University of London – 2nd upper class
Diploma in Economics , London School of Economics
– Book Prize winner
SPM – 8As out of 8 subjects taken
SRP – 8A1s out of 8 subjects taken
UPSR – 6As out of 6 subjects taken
Family: Happily married with one daughter
Email: wyncelow@gmail.com or wyncelow@yahoo.com
Mobile: +6013 3517797
Currently on
sabbatical leave :
Job: Director and
Head of Debt Capital
Markets, Malaysia
HSBC Bank Malaysia
Berhad & HSBC
Amanah Malaysia
Berhad
Country Team Head:
> 6 years
Working: > 17 years
of experience in
banking
*Why A’s student work for C’s students?*~ Robert Kiyosaki

37. 37
Reference
# 1: The Malaysian Trust School Model: It’s good but is it sustainable? Dr Arran Hamilton, IDEAS February 2014
The paper was prepared by CfBT Education Malaysia (www.cfbt.com.my), not-for-profit organisation founded in
1979, which in turn is part of CfBT Education Trust, the world’s leading not-for-profit education consultancy. The
contents of the paper represent the views of the author and do not necessarily reflect the views of IDEAS or any
one individual at the organisation

38. 38
Disclaimer
This document (the “Document”) has been prepared by the Author on its own capacity and for discussion
purposes only. There is no involvement of his company or any other organisations, the views expressed are on
his own.
The Author has based this Document on information obtained from sources it believes to be reliable but which it
has not independently verified.
This Document, which is not for public circulation, must not be copied, transferred or the content disclosed to any
third party and is not intended for use by any person other than the addressee or the addressee's professional
advisers for the purposes of advising the addressee hereon.
PUBLIC