The Breakfast Grille

Self-described "ex-nepo baby" Vuitton Pang, CEO of emart24 Malaysia, joins The Breakfast Grille to discuss stepping out of the Mamee family business, entering the capital-intensive convenience sector, and whether the venture fits a broader family investment thesis. When he left Mamee-Double Decker in 2021 to launch emart24 in Malaysia, the target was 300 stores in five years. Five years on, the ch...

The global space economy could reach US$1.8 trillion by 2035, as private companies transform an industry once dominated by governments and national space agencies. But where is the money actually being made, and can commercial space ventures become profitable without relying heavily on public funding? On The Breakfast Grille, we explore the economics of satellite services, private spaceflight and...

Bloomberg Economics estimates that the cost of a war between NATO and the Russian Federation resulting from direct destruction in the warzone, higher energy prices as oil supplies reduced, and expected selloff in financial markets could cut global output by 1.3% or USD$1.5 trillion in the first year of the conflict. This is just one incentive to avoid war quite apart from the massive loss of life....

EGH International is an interior fit-out company that recently made its debut on Bursa Malaysia's ACE Market and is looking to expand its business after having secured prestigious jobs like the Merdeka 118 Park Hyatt Hotel. Its Managing director Datuk Weslie Lim joins us to discuss the company's financial performance, growth ambitions and what it will take to turn its expanding portfolio into sust...

Red Planet Berhad straddles two unusual businesses: mapping electrical grids for utility companies, and holding the patent on Malaysia's Platform Intrusion Emergency Stop System, which halts LRT trains when something falls onto the tracks. The company recently moved from the LEAP market to ACE, raising RM13.3 million at RM0.19 a share, an offer oversubscribed 85 times. Its order book stands at rou...

A Shadow Budget With No Seats in Parliament, But Plenty of Numbers While the federal opposition opted against tabling a shadow budget for Budget 2027, Parti Bersama Malaysia, a party with no current parliamentary representation, introduced its own comprehensive alternative fiscal plan. Their shadow budget proposes replacing blanket fuel subsidies with consolidated monthly cash allowances, reintrod...

The South China Sea is at the centre of growing strategic competition between the United States and China. But does a stronger American military presence make the region safer, or risk escalating tensions? Brent Sadler, Senior Research Fellow for Naval Warfare at the Heritage Foundation, discusses China's maritime ambitions, America's role in the region, the Trump administration's foreign policy a...

We have had a week of discussion since the Budget 2027 was tabled last Friday. Criticisms of MPs from across the Parliamentary aisle have been well telegraphed. Did it tell as much about the Madani government’s thinking as it did about its critics? Was criticism of Perikatan Nasional’s failure to produce an alternative budget, when fledgling Bersama offered the public its tome, a valid one? And is...

Malaysia's exports and foreign investment are growing strongly, but escalating US-China trade tensions, rising protectionism and the AI investment boom are reshaping the global economy. On The Breakfast Grille, we speak to Professor Dr Evelyn Devadason of Universiti Malaya and Dr Carmelo Ferlito, Economist and CEO of the Center for Market Education, about Malaysia's dependence on foreign markets,...

HSS Engineers is positioning itself for Malaysia's next infrastructure cycle, expanding beyond traditional engineering consultancy into project management, data centres, water infrastructure and overseas markets. Executive Director Sharifah Azlina discusses the group's growth strategy as well as what it will take to deliver greater value for shareholders. See omnystudio.com/listener for privacy in...

With the government targeting up to 5.2% GDP growth and narrowing the fiscal deficit to 3.3% of GDP, questions remain over how long-term fiscal consolidation can be sustained as government revenue isn’t keeping pace with the size of the economy and debt-servicing costs stay elevated. UOB Malaysia Senior Economist Julia Goh joins The Breakfast Grille to go beneath the headline numbers. She evaluate...

Budget 2027 delivers record spending, yet the MADANI government says that the fiscal deficit will fall to 3.3% of GDP next year, even though petroleum subsidies have ballooned to RM40 billion. As the government balances pre-election expectations against fiscal discipline, Tan Sri Johan Mahmood Merican, Secretary General of Treasury at the Ministry of Finance, joins The Breakfast Grille to unpack t...

As the MADANI government prepares to table Budget 2027, what are the key fiscal numbers and political signals you should be paying attention to? Former Deputy International Trade and Industry Minister Dr. Ong Kian Ming and Dr. Tricia Yeoh of the Asian Institute for Policy and Engagement at the University of Nottingham Malaysia, join The Breakfast Grille to discuss. They explore whether this will a...

RT Pastry raised RM16.5 million from its ACE Market IPO to fuel expansion into new markets like Kuantan, but why did this profitable, formerly dividend-paying, cash-generative business tap the public capital market instead of using its own cash? Mike Tia, COO of RT Pastry, joins The Breakfast Grille to discuss. We dive into why RT Pastry chose Kuantan over Johor or Penang, declining same-store sal...

After 20 years of selling bus tickets online, Easybook is making a major move into government business, installing its own AI-powered cameras at terminals to catch off-the-books passengers and stop revenue leakages. William Lee, Founder and CEO of Easybook, joins The Breakfast Grille to unpack why the company is betting big on managing physical terminals and public infrastructure instead of just s...

The Bursa-listed Censof Holdings has spent decades building a strong government financial-management software business. Now, it is looking to broaden that franchise through cloud, AI, automation and a new partnership with Microsoft. Ameer Shaik Mydin, Censof's Group MD discusses the firm's evolution and what investors can expect from its next phase of growth. See omnystudio.com/listener for privac...

Malaysia’s film industry is enjoying renewed momentum, with local productions attracting larger audiences and government incentives helping to bring international shoots to the country. But box-office success and foreign productions do not necessarily create a sustainable domestic industry. We speak to FINAS CEO Dato’ Azmir Saifuddin Mutalib about the effectiveness of public funding, developing lo...

Two days ago the US completed its withdrawal from Iraq, two decades after its invasion, in a move the American historian Paul W. Schoeder then called, “the fatal leap”. What will analysts be making of this American adventure in Iraq beyond the body count? And just as US President Donald Trump’s “war of choice” has put the Straits of Hormuz and the Bab El Mandeb on our lips, the Russian enclave of...

Nine years after Formula 1 last roared through Sepang, the pinnacle of motorsports makes a surprise return to Malaysia, not as the Malaysian Grand Prix, but as the Bahrain Grand Prix. Azhan Shafriman Hanif, CEO of the Sepang International Circuit, joins The Breakfast Grille to discuss what it could take to justify a RM300 million bill for a permanent slot on the F1 calendar. With ticket demand sur...

As Chinese automakers aggressively expand and compete abroad, legacy automotive distributors face unprecedented market disruption. Dato' Seri Francis Lee, Group CEO of Bermaz Auto Berhad, joins The Breakfast Grille to discuss why they prioritise niche, sustainable sales volumes over aggressive price wars. This comes as revenue has fallen from RM3.9 billion in FY2024 to RM2.3 billion in FY2026, whi...

In 2023, Pita Limjaroenrat, a Thai politician grabbed headlines when his party won the largest share of Parliamentary seats in the 2023 General Elections. With almost 4 million more votes than their nearest rivals, he and his party were seen as the face of a Thailand hungry for reform. Yet, he and his party were prevented from taking office in a series of legal manoeuvres that have come to define...

The haze pushed the air quality reading in Serian past 500, triggered an emergency and closed hundreds of schools, and Sarawak is still choking. So when do we get our blue skies back? With a Super El Niño set to peak between November and January, we ask what's coming next for our heat and water, and whether MetMalaysia's RM242 million upgrade will warn us in time. We speak to Ambun Dindang, Deputy...

Cocoa prices, changing consumer habits and increasingly complex supply chains are reshaping the business of snacking. Simon Crowther, Managing Director for Malaysia and Singapore at Mondelēz International, joins us to discuss the cost pressures facing chocolate makers, how the company is responding through its new RM90 million Crumb Tower in Shah Alam, and the challenges of sourcing commodities su...

As Jotun enters its second century, Malaysia is playing an increasingly important role in the Norwegian coatings maker’s Southeast Asian strategy. With local manufacturing and R&D capabilities already established, the company is looking to opportunities in data centres, infrastructure and more sustainable coatings while navigating volatile raw-material costs and intensifying competition. Can J...

With global mobile operators facing a $1.2 trillion capital expenditure cycle alongside flat revenue growth, GSMA Director General Vivek Badrinath joins The Breakfast Grille to examine the changing economics of mobile connectivity. Vivek addresses who actually captures economic value as telcos fund the digital infrastructure, why regulators should not maximise monetisation on spectrum pricing and...