Profile Of Loh Boon Siew Essay

595 Words3 Pages
Loh Boon Siew Tan Sri Dato' Loh Boon Siew 1915-1995 also known as “Mr Honda” was a Penangite tycoon and the first sole distributor of Honda motorcycles in Malaysia. Boon Siew was born in Hui-An, Fujian province of China. He spent his childhood collecting pig dung (then used as fuel) to make a living. At age 12, he arrived in Penang in a small boat from China with 5 friends namely Loh Poh Heng and Loh Say Bee. He could speak only Hokkien (Min Nan) and had virtually no formal education. He worked as an apprentice car mechanic (earning three dollars monthly) upon his arrival. It is said that Boon Siew's sifu used to hit him in the head whenever he did something wrong. He stayed in a ‘coolie keng’ (workers' quarters) at 4, Katz Street, Penang and he supplemented his income by washing buses at night for 10 cents per vehicle. At age 18, Boon Siew purchased 11 buses using his $2,000 in savings. He reconditioned the buses and sold them for $12,000. Next, he used the money he earned to buy another 39 buses. In 1942, during WWII, all his hard-earned money was confiscated by the invading Japanese army. But Boon Siew did not give up. After WWII ended in 1945 and the Japanese were defeated, he started selling bicycles, tyres and motorcycle accessories, and soon he expanded his business to used cars, transports and buses. In the 1950s, Boon Siew made his first of many forays into property development with his friends Say Bee and Poh Heng by building residential villas in Taman Saw Kit in Penang. Today, his work is continued by his Boon Siew Group and new residential areas are currently being built in Casa Permai 2. Honda Cub In 1958, Boon Siew noticed the widespread popularity of the Honda Super Cub motorbike which just introduce in Japan. He believed that this low-cost, high-efficiency machine would find a similarly receptive market in the

More about Profile Of Loh Boon Siew Essay

Open Document