i hope i'm not too late to be here, no conneciton at home :/

well, i guess you suppose can get some inspiration and headups from these cool awesome inspirational logo sites

http://logopond.com/
and of course a lot of useful articles and examples on major existing brands : http://identityworks.com/ (look at how they comment on visa's rebranding )

i learnt a lot from there.

my pov of your logo design, or probably my pov of how a logo design should be,
1. easy to be remember
2. practical, in a way that you can very flexibly reproduce it in many other format, etc...it will still look good in b/w or even colour. or even uses less colour if the company chose to print the logo on their namecards etc etc
3. learn from the best, and research more, look more.

edit: added comment

Anyway i got a 2 cents idea, why not u put the animal logos into the wings of the butterfly? So the the main logo is only, the butterfly with the animals inside the wings and the words below..
Just my opinion

Firstly, your typography failed. With that, your logo has failed.

If your typo made it through, here are some others... the thickness of the outlines on the boxes are too fat. The jumble of stuff (with the butterfly) in the middle is awful. The animal on the right, (it's a bear, right?) seems like a patch of black thingy.

Lastly, what's with the words "Radical" at the back?

that's a GREAT IDEA!

i think that'll work very well. the butterfly will be an emphasis but its reasoning could be because malaysia has a certain butterfly species only found here. then you couple you 4 colored 'hibiscus' but tone down the outlines more. I can visually see it now.

anyway, since you have to start on the flyer just make sure the consistency is in it and the text should be readable. not something with very green background and later black text. not exactly readable.

best of luck.

and if not mistaken, is this a TARC assignment?

Even though my typo failed, but i've taken into account if i really were playing with typo. I made researches and often logos like this dont need a complicated typography, it needs to be simple and clear. I dont see there's any problem with the typography in here. The animal on the right is actually a seal XD

Lastly, hmmm... dont read the 1st post only la dude
hmmm, if that's a great idea then im going to try it out. I'll ask the lec whether the logo can be changed in time or not as we progress stage by stage. thanks for the tips and advices man.

Your typography failed and yet you failed to notice why. You're not a trained designer are you? Then again, a lot of designers make the same common mistakes when it comes to typography. It's not about making your fonts 'complicated' or whatever it means. Neither is it making it 'simple and clear'. I'll give you a hint. Check your letter spacing.

Animal on the right is a seal? No offence but I guess you should really look into tracing a better seal and adding in a bit more details.

btw, lose the 'wreath' behind it... and now your 'bunga raya' (its a bunga raya right?) looks terrible.. the outlines are too fat.. try balancing ur outlines for all of them.