In a meeting held on 8 August 2012, Mr. Lim Meng Kwong tendered his resignation as Chairman of the Berjaya Philippines Inc. effective immediately so that the positions of both Chairman and President will not be lodged in one person. The former Malaysian Ambassador to the Philippines, Data Seri Ibrahim Saad was appointed new Chairman to serve the unexpired term of Mr. Lim, effective upon his qualification. Mr. Lim Meng Kwong will continue to serve as President of the Corporation.