Enterprise Explores

What could digital-first insurance look like for consumers? This is something Enterprise Explores as we dive into a potential transformative development in Malaysia’s insurance and takaful landscape—the Digital Insurers and Takaful Operators (DITO) Framework. Unveiled by Bank Negara Malaysia in July, this framework is set to pave the way for digital-first insurance and takaful operators, providing...

Enterprise Explores the semiconductor industry to understand Malaysia’s pivotal role in the global ecosystem and value chain. With Malaysia supporting approximately 13% of global backend semiconductor operations and standing as the fifth-largest integrated circuit exporter globally, the country plays a crucial role in this high-stakes industry. We explore insights from the Institute for Democracy...

Enterprise Explores the findings of CelcomDigi's ‘National Scam Awareness Survey 2024’ with Philip Ling, Head of Sustainability at CelcomDigi. As Malaysia becomes increasingly digitised, with over 90% of respondents regularly visiting community internet centres, the survey sheds light on the growing threat of scams and fraud. We’ll explore key insights from the survey, which polled over 10,000 res...

We explore the world of AI and its transformative potential for tech startups in Malaysia with Sharma Lachu, the Founder & CEO at Accendo Technologies and Pang Sern Yong, the Founder at AIHQ. As Google for Startups recently launched a new programme in partnership with the AI Academy, aimed at accelerating the growth of AI startups across the Asia-Pacific region, we explore what this means for...

We explore the world of AI and its transformative potential for tech startups in Malaysia with Sharma Lachu, the Founder & CEO at Accendo Technologies and Pang Sern Yong, the Founder at AIHQ. As Google for Startups recently launched a new programme in partnership with the AI Academy, aimed at accelerating the growth of AI startups across the Asia-Pacific region, we explore what this means for...

Board directorship is a serious commitment, not a leisurely retirement gig. This is the key sentiment Enterprise Explores with Michele Kythe Lim, President & CEO of the Institute of Corporate Directors Malaysia (ICDM), and Tunku Alizakri, Former Chairman of Penjana Kapital and current board member of Petronas Dagangan and Bumi Armada. Board directorship is often seen as a cushy retirement rewa...

Technology lifecycle management is a critical enabler of business success. However, the proliferation of technology consumption models, coupled with an increasingly complicated and fragmented supplier ecosystem, make it difficult for many organisations to adequately maintain their technology infrastructure in a way that fosters business agility and innovation.  Global IT infrastructure and se...

What do DuitNow, MyDigital ID, PADU, and e-invoicing have in common? They’re all part of Malaysia’s Digital Public Infrastructure (DPI). In today’s digital landscape, designing a comprehensive DPI platform is essential for a nation’s successful digital transformation. Ernst & Young Consulting (EY) released their Digital Public Infrastructure report in June, highlighting how DPI facilitates dat...

What does Malaysia's new regulatory requirements for internet messaging and social media services entail? How could they impact businesses and users alike? Enterprise Explores dives into these questions and more. Starting August 1st, all social media and internet messaging services with at least eight million registered users in Malaysia must apply for a Class A Application Service License under t...

How much flexibility is LHDN providing for the first 6-Months? Does this mean I can delay my implementation? (No, it does not). What is a consolidated e-invoice? Enterprise Explores all this and more. In the lead-up to Day 1, LHDN announced a six-month period of flexibility, allowing businesses to use consolidated e-invoices instead of individual transactional e-invoices. This period, which some h...

Sustainability reporting is a vital aspect of corporate transparency, driven by stakeholder demands for greater accountability in ESG practices. In Malaysia, Bursa Malaysia has mandated enhanced sustainability reporting for listed companies starting from the fiscal year ending December 31, 2023, with full implementation by 2025. PwC's “Gaps in Sustainability Reporting” report highlights current ch...

Sustainability reporting is a vital aspect of corporate transparency, driven by stakeholder demands for greater accountability in ESG practices. In Malaysia, Bursa Malaysia has mandated enhanced sustainability reporting for listed companies starting from the fiscal year ending December 31, 2023, with full implementation by 2025. PwC's “Gaps in Sustainability Reporting” report highlights current ch...

The Malaysian Communications and Multimedia Commission (MCMC) is introducing a new regulation to maintain a secure digital environment. Effective 1 August 2024, social media and messaging platforms with over 8 million users must be licensed in Malaysia. This move aims to enhance regulatory oversight, ensure compliance with local laws, and protect user data, and potentially raises concerns about po...

In an era where transparency and accountability are preeminent, the Transparency Score of Malaysia’s Foundation' by Wiki Impact highlights significant disparities in the communication practices of over 1,700 registered foundations. With only a small fraction achieving high transparency scores, this report underscores the need for non-profits to adopt open communication to build trust and credibili...

In the political, business and working world today, the ability to navigate leadership transitions effectively is crucial for organisational stability and growth. Succession planning is not just about filling positions but ensuring the right leaders are in place to guide the company, or a nation, towards its future goals. As we witness significant global leadership changes, the importance of strat...

Ransomware, to pay or not to pay? In light of the recent major ransomware attack in Indonesia and the ongoing efforts to recover encrypted data, today we turn our focus to the crucial topic of organisational cybersecurity and responding to ransomware attacks with Datuk Alan See, the CEO and Co-Founder of cybersecurity firm FIRMUS. We briefly start the conversation by touching on the recent CrowdSt...

Enterprise Explores the changing world of consumer spending in Malaysia. With rising living costs and inflation, Malaysians are finding new ways to manage their budgets, balancing between essentials and little luxuries. In these challenging times, understanding how people spend their money is crucial for businesses. Different income groups have their own spending habits and motivations, shaped by...

Momentum Works’ E-commerce in Southeast Asia 2024 Report published recently offers a comprehensive analysis of the dynamic and rapidly evolving e-commerce landscape in Southeast Asia. The key themes explored in the report include the integration of generative AI technologies to enhance user experience and operational efficiency, the blossoming live commerce sector, and the evolving roles of e-comm...

Enterprise Explores the latest Gaming App Insights Report released by Adjust in collaboration with AppLovin. This report provides unparalleled insights into the mobile gaming landscape, specifically focusing on the Asia-Pacific (APAC) region. Kapil Bonde, Senior Market Evangelist, Adjust, will share key findings from the report, including the rapid growth and potential of the mobile gaming market...

Enterprise Explores the state of digital payment methods in Malaysia with Lee Soon Yean, Country Manager at Adyen Malaysia, a global fintech platform. Based on The Adyen Index 2024 report, which surveyed over 38,000 shoppers and 13,000 merchants across 26 markets, the conversation highlights key insights into Malaysian consumers' rapidly evolving payment preferences. The report reveals that 41% of...

LHDN on TIN requirements, interim solutions and support, handling and penalising errors, and much more. In this episode of Enterprise Explores, BFM dives into the imminent implementation of Malaysia's new e-invoicing regime, set to kick off on August 1st for large businesses (over RM100 million in annual revenue). Joined by LHDN’s Dr. Rasyidah Che Rosli and tax consultant Thanneermalai of Thannees...

The IC design sector in Malaysia is characterised by a dynamic mix of multinational corporations, local enterprises, and a growing number of startups. This thriving environment is bolstered by strong government support, robust infrastructure, and strategic initiatives aimed at positioning Malaysia as a global hub for semiconductor innovation. One of the latest and most ambitious initiatives in thi...

On this episode of Enterprise Explores, we dive into the world of venture capital with Mark Lee, Head of Investment at OSK-SBI Venture Partners. Following the launch of their second venture capital fund, the OSK-SBI Dynamic Growth Fund 2, we explore how the firm plans to deploy $20-40 million across promising private companies in ASEAN. Mark discusses the intricacies of the new fund, the deploymen...

Is Taylor Swift an inflationary force? On this edition of Enterprise Explores, we dive into the inflationary impact of Taylor Swift's Eras Tour on the European economy. According to a recent report by research firm BMI, large-scale events like Taylor Swift's concerts can have significant macroeconomic effects, particularly through increased demand for services and consumer spending. This tour, whi...

In May, KWAP or Kumpulan Wang Persaraan (Diperbadankan) announced Dana Pemacu, a Malaysia-focused RM6 billion private equity fund aimed at boosting private capital investment in the country. In a bid to catalyse the private market investment ecosystem in Malaysia, Dana Pemacu will be executed through Separately Managed Account (SMA) funds where we will see the creation of partnership models betwee...