6 / 142
Annual Report 2016
ASIA MEDIA GROUP Berhad
5
Datuk Seri Syed Ali bin Tan Sri Abbas Alhabshee, Chairman
of Asia Media Group, here he gives his perspectives on
Asia Media’s strategy and our approach to management and
shareholders and Asia Media’s role in society.
Even in the context of a tough year and regulatory conditions, I remain
very excited about the longer-term prospects for the Group, as
customer appetite for digital outdoor advertising grows rapidly and
companies look to embed DOOH into their corporate marketing
strategies.
In a world that is becoming increasingly digital, Asia Media’s
strategy is to deliver individuals and companies media experience
they will increasingly demand irrespective of the medium. Our
commitment to providing the leading platform in each of our market
is strong and will be supplemented by our live digital broadcasting
which we rolled out earlier.
On behalf of the Board of Directors (“Board”), I am pleased to present
the Annual Report and Audited Consolidated Financial Statement
of Asia Media Group Berhad (“AMGB” or “Company”) and
its subsidiary companies (“Group”) for the financial year
ended 31 December 2016 (“FYE 2016”).
Economic Review
Malaysia’s economy finished the year solidly and
grew more than expected in 2016. Gross domestic
product grew at a 5 per cent annual rate in 2016,
down from 6 per cent in 2015, but better than the
4.9 per cent economists expected. While Malaysia
grew by 6 per cent in 2014, the International
Monetary Fund anticipated that growth last year
would be dampened by lower energy export
prices.
Malaysia’s future economic growth will
hinge on its choice of fiscal discipline and
dependency on oil prices.
CHAIRMAN’S STATEMENT