

Enterprise Explores
BFM Media
Helping you navigate the ever-changing universe of business, from headlines to the bottom line
Episodes
Mentioned books

Feb 24, 2026 • 34min
RTO, AI And The Leadership Gap
Are organisations becoming more efficient, but more fragile? As companies mandate return-to-office, flatten structures and automate roles, leadership depth, trust and internal mobility may be quietly eroding.Anthony Raja Devadoss, Country Managing Director of Korn Ferry Malaysia, examines how return-to-office is reshaping the employee deal, the unintended risks of removing middle managers, and why AI-driven restructuring demands more than cost discipline.The conversation also turns to HR’s own credibility test — whether AI ambition is outpacing capability, and what CHROs must do to earn and sustain a truly strategic seat at the table.See omnystudio.com/listener for privacy information.

Feb 23, 2026 • 40min
From Prime Time To Scroll Time
Prime time once dictated how we watched entertainment. Today, algorithms and endless feeds have replaced schedules, and audiences are consuming more content than ever, yet often feeling more fatigued by choice. As studios consolidate their content and short-form platforms reshape attention spans, what does this shift mean for the future of storytelling and the business of media? We explore the move from “prime time” to “scroll time” with Amin Ashaari, Co-Founder of SoyaCincau.See omnystudio.com/listener for privacy information.

Feb 22, 2026 • 32min
Zombie Shops: Why 50% Of TikTok Merchants Have 0 Sales
On TikTok Shop, if your content doesn’t convert, you don’t exist.TikTok Shop in the U.S. jumped from $9 billion in GMV in 2024 to $15.1 billion in 2025. But this growth didn’t come from charismatic live hosts or viral "Shoppertainment." It was powered by the static, boring "Shop Tab", good old search-based shopping.Teng Ian Wong, Insights Manager at Momentum Works, joins BFM to dive into why American consumers are favouring traditional search over live streams, and compares this to Southeast Asia’s $45.6 billion mature ecosystem.We discuss:The Shop Tab Takeover: Why the static marketplace now outpaces live shopping (only 14% of US GMV) and why Americans prefer to "search and compare."The "Zombie Store" Plague: Why over 50% of the 800,000+ U.S. TikTok Shops recorded zero sales, and the high barrier to algorithmic success.Southeast Asia vs. The US: A look at Thailand’s outsized performance ($11.5B) compared to Malaysia ($6.2B), and the structural differences in labour costs that make US live streaming expensive.The "Horse Racing" Strategy: How smart brands are surviving high influencer churn by betting on multiple accounts rather than a single "mega-influencer."Logistics & Pricing: The move toward a "Fulfilled by TikTok" model to rival Amazon, and why prices dropped in 15 out of 27 categories.See omnystudio.com/listener for privacy information.

Feb 19, 2026 • 41min
Heritage in The Experience Economy
Is Kwai Chai Hong preserving heritage, or curating it for a modern audience? As Visit Malaysia Year 2026 gathers pace, cultural spaces are becoming tourism assets and brand platforms. So, where does authenticity sit when heritage intersects with sponsorship, spectacle and commercial realities?Zeen Chang, Co-Founder of Kwai Chai Hong, discusses the fine line between community and commodity. We examine whether restoration inevitably becomes curation, how corporate partnerships shape cultural storytelling, and what it means to protect integrity when culture becomes part of a national narrative.We also explore the economics behind experiential heritage, the risks of aesthetic theatre, and the principles Zeen refuses to compromise on as Kwai Chai Hong continues to evolve.See omnystudio.com/listener for privacy information.

Feb 18, 2026 • 32min
Fair Fares, Broken Roads: Rethinking Mobility In A Congested Nation
As traffic congestion worsens across the Klang Valley and e-hailing fares surge to eye-watering levels during peak hours, mobility in Malaysia is no longer just about getting from point A to B. It is becoming a question of fairness, affordability, productivity, and long-term planning. With commuters losing hours on the road, costs rising, and public frustration mounting, the cracks in our transport ecosystem are becoming harder to ignore.We speak to Wan Agyl Wan Hassan, CEO of MARA Liner and Founder of My Mobility Vision, to unpack what is really happening beneath the surface. From the economics of surge pricing and the public’s growing distrust of platform mobility, to the deeper structural issues shaping how Malaysians move, this conversation explores what a fair and functional mobility system should look like. We examine the role of public transport, the limits of infrastructure-first thinking, and the policy choices that could determine whether Malaysia builds a more equitable system or remains stuck in a cycle of congestion and cost.See omnystudio.com/listener for privacy information.

Feb 15, 2026 • 35min
Why Solar Can’t Beat Coal, Yet: Fixing SEA’s Power Market
In the last four years, Southeast Asia’s electricity demand has surged by 24%. Yet, despite the falling cost of renewables, nearly 80% of that new demand was met by coal and gas. The problem isn't the technology, it's a "locked-in" market structure that indirectly blocks the green transitionAlexandre Salesse, Partner at BCG, explains how the "Single Buyer" model and "Take or Pay" contracts have created a reliability gold standard at the cost of future flexibility.He also unpacks the four critical reform levers needed to modernise the grid without triggering blackouts or investor flight.Learn about:The Physics of Power: Why electricity is a unique commodity that requires a perfect "bicycle balance" between production and consumption.The "Sunk Cost" of Coal: How long-term contracts force utilities to prioritise fossil fuels they’ve already paid for, leaving no room for cheaper solar.Unbundling for Competition: The necessity of separating power purchasers from plant owners to resolve built-in conflicts of interest.The ASEAN Power Grid: Why it took 14 years to negotiate one wind farm and how a regional framework could fast-track future cross-border projects.Targeted Subsidies: Moving away from hidden "blanket" subsidies toward transparent, time-bound support for those who need it most.Avoiding Wishful Thinking: Why Southeast Asia shouldn't aim for immediate, Western-style liberalisation, but rather incremental "flexibility levers."See omnystudio.com/listener for privacy information.

Feb 12, 2026 • 27min
Talent as Infrastructure: Building the Capability Behind Innovation
What does it really take to turn innovation into consistent delivery? In this episode, the focus shifts from capital and programmes to the people behind the progress. Because while funding can accelerate ideas, it is talent, skills, and experience that determine whether companies can execute, compete, and grow.We speak to Ts. Hj. Mohammad Hazani Hj. Hassan, Group CEO, MTDC, about why talent development sits at the centre of Malaysia’s innovation journey, how companies build capability through real-world environments and advisory support, and what it takes to raise standards across industries. From hands-on training and technology centres to industry-aligned learning and execution support, this conversation explores how strengthening talent can help turn innovation into long-term, sustainable growth.See omnystudio.com/listener for privacy information.

Feb 11, 2026 • 28min
Malaysia’s 59 IPOs Raised $1.4B, Singapore’s 13 Raised $2B
In 2025, Malaysia had 59 IPOs raising US$1.4 billion, the highest volume in the region, but when we look at the money, Singapore raised US$2 billion with just 13 deals. So Malaysia won on volume, but Singapore won on value.Wong Kar Choon from Deloitte Malaysia joins BFM Enterprise Explores to unpack the structural differences driving this divide. While Bursa Malaysia has become the region's engine for SME growth, with 44 of those 59 listings occurring on the ACE Market, Singapore continues to be the "global capital gateway" for high-value institutional deals in the regionWe discuss:The Valuation Gap: Why Malaysia’s domestic-driven market supports volume but caps valuations, unlike Singapore’s access to global funds.ACE Market Dominance: With 44 out of 59 listings occurring on the ACE Market, we ask if Malaysia is becoming a "volume factory" for small caps rather than a home for regional champions.The "Silicon Valley" Paradox: Why the narrative of Malaysia as the "Silicon Valley of the East" hasn't translated into a wave of semiconductor listings, and whether the real value is locked in MNCs and Private Equity."Real Tech" vs. "PowerPoint Tech": The new criteria for 2026, where investors demand profitability and cash flow over growth stories.The 2026 Playbook: How Malaysia can move from "Recovery" to "Reinvention" by attracting foreign institutional capital and hosting marquee IPOs in AI and data infrastructure.See omnystudio.com/listener for privacy information.

Feb 10, 2026 • 23min
The "Sahur Spike": When Ad Prime Time Shifts to Pre-Dawn
For 11 months of the year, the digital economy follows a predictable rhythm: traffic climbs in the morning, peaks at lunch, and winds down at night. But during Ramadan, that rhythm is turned upside down.Welcome to the "Sahur Spike", a pre-dawn prime time where online activity surges across Malaysia, Indonesia, and Singapore.Luthfi Anshari from AppsFlyer breaks down the data behind this shift, including why finance app installs are costing a staggering $16 USD per user in Malaysia and why the biggest mistake brands make is pausing their ads after Hari Raya.We discuss:The 3 AM Economy: Why the "Sahur Spike" isn't just doom-scrolling, but a high-intent shopping window that drives real revenue.The "Liquidity Moment": Why finance apps see a massive surge in Week 1 as users prepare their digital wallets for the festive season.The iOS vs. Android Split: Why marketers need two different "rhythms", frontloading premium offers for iOS users while playing the long game with Android's steady traffic.The Fraud Trap: How bad actors follow the money, causing ad fraud to spike 15x in Indonesia, and why brands often celebrate "growth that isn't real."The "Second Spike": Why shopping activity surges again a week after Hari Raya as people return from hometown travel and restock their lives.See omnystudio.com/listener for privacy information.

Feb 9, 2026 • 33min
Unbundling The Nation State?
For centuries, "nation" and "state" were inseparable. You needed physical territory to have a nation. But what if that is no longer true?Nirbhay Handa, CEO of Multipolitan, argues that we are witnessing the "unbundling" of sovereignty. He draws a critical distinction between a Nation State (defined by borders and politics) and a Nation (defined by shared values and community).Through the "Nation as a Service" model, countries like Estonia and Palau are allowing users to "log in" to their legal and commercial infrastructure without ever setting foot on their soil.We dive into the Digital State Project to explore how this shift is creating a new class of "Multipolitans", location-independent entrepreneurs who treat jurisdictions like products.We also distinguish the vital difference between E-Residency (subscribing to corporate laws) and Golden Visas (buying physical entry), and explore why the world is splitting into "Legacy Titans" (New York, London) and "Builder Cities" (Singapore, Dubai), and where Malaysia’s Network School fits in.See omnystudio.com/listener for privacy information.


