Asian Supply Base optimistic of weathering economic turbulence


July 18, 2017, Tuesday, LABUAN: Fully integrated logistics hub, Asian Supply Base Sdn Bhd (ASB), is optimistic of weathering the unpredictable economic condition as it has diversified its earnings base over the years.

The Labuan-based Sabah  government-linked company is expanding its business operations into halal distribution as part its diversification plan.

Chief Executive Officer Dato' Hj Harris Hj Annuar Tan said the diversification was necessary to complement its core business activity of being the logistics hub for the oil and gas (O&G) industry.

“Under the current economic situation, we must look at other avenues to complement and expand our core business… the growth of the halal trade, globally, prompted us to think of this industry.

“(Venturing into halal industry) is not only to sustain our workforce but also to ensure our infrastructure and facilities are fully utilised…part of our base can also be used for halal logistics,” he told a press conference yesterday.

Harris, who is also Labuan Halal Hub Chairman, said ASB’s vast land was not only meant for O&G infrastructure but could also be utilised to provide manufacturing and warehousing infrastructure support.

He said a number of high-ranking ASB officials were on business trips to Europe, United States, Australia and China to lure potential investors to Labuan.


Labuan needs to become multi-user logistics support base

Harris (right) talking with a conference delegate, Johari Abidin (left) during the New Dimension in Logistic; Shaping and Achieving Optimization at the Asian Business Conference 2016 Dorsett Grand Hotel Labuan recently. — Bernama photo

November 25, 2016, Friday, LABUAN: Labuan needs to change from being an oil and gas (O&G) dependable to a multi-user logistics support base.

Asian Supply Base Sdn Bhd (ASB) Chief Executive Officer Dato' Hj Harris Hj Annuar Tan said the changing economic climate in Labuan warrants industry players to seek change and diversification, new policies and incentives.

“Variables to be discussed include port sector trends, information technology, transport model integration, quality management, state regulations and such,” he said in a presentation at the recent Asian Business Conference (ABC) 2016 here.


Asian Supply Base aims to become global O&G logistics hub

July 18, 2017, Tuesday, LABUAN: Asian Supply Base Sdn Bhd (ASB), a Sabah government-linked company, is striving towards becoming a global oil and gas (O&G) logistics hub. The Labuan-based fully integrated logistics hub sees itself as the natural industry leader, having attracted international O&G firms to the island, reflecting the country’s role in connecting Labuan to the global leaders in this sector. Chief executive officer, Datuk Harris Annuar Tan, said at least 97 local and international O&G-related companies are still operating at the hub currently, a slight drop after a number of companies ceased their operations since late last year. Among the international firms still operating at the base are Halliburton, Schlumberger, Baker Hughes and MMC Engineering. “We used to have more than 107 companies operating in our base, but it’s now down to less than 100, nevertheless, our operation continues as usual, and we continue recruiting people to ensure our service is always available. “After operating for many years and with the trust of our clients, ASB logistics hub has the largest workforce in Labuan estimated at close to 5, 000 including workers attached to foreign firms, and this indirectly helps to spur the island’s economy,” he told a press conference yesterday. He said unlike some other O&G companies which resorted to downsizing their operations which had led to staff retrenchment amid a slump in global oil processes, ASB itself had retained its more than 1,000 employees as of today. Harris also stressed the need for the company to be prudent in its spending especially for its operation in view of the uncertain economic situation. He said the main challenge this year was the possibility of its clients suffering a slowdown due to the sluggish economy although ASB would not be directly affected. — Bernama