Enterprise Explores

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 credibility.Transparency ensures the ethical use of funds, fosters trust, and promotes accountability, leading to greater support and enhanced reputations for non-profits. These principles are equally valuable for businesses. By adopting similar transparency practices, companies can improve their reputations, build stronger stakeholder relationships, and foster a culture of accountability.Today, we are joined by Terence Ooi, the Co-Founder of Wiki Impact, to share the findings of this report. We explore how non-profit practices can benefit the business world, draw parallels between the two sectors, and discuss the impact of transparency on business reputation.See omnystudio.com/listener for privacy information.

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 strategic succession planning has never been more evident.Today, we are joined by Segar Jeyatsingh, CEO of Leaderonomics, to discuss the intricacies of leadership transition and succession planning. With a wealth of experience in steering organisations through these pivotal moments, we look to Segar to share insights on the key factors for successful transitions, the role of organisational culture, and the future trends shaping leadership succession.See omnystudio.com/listener for privacy information.

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 CrowdStrike outages and their implications for organisational cyber resilience. Following that, Alan sheds light on why ransomware resilience is essential, explaining how businesses should prepare, react, and protect themselves against these attacks.The conversation also delves into the significance of immediate response strategies, long-term cybersecurity practices, and the impact of ransomware on financial and operational aspects of businesses.See omnystudio.com/listener for privacy information.

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 their financial situations and personal values. Brands that can connect with these insights will thrive at engaging their customers and building loyalty.To shed light on these changes, Omnicom Media Group Malaysia (OMG Malaysia) teamed up with AI-driven research firm Vase.ai. They’ve uncovered interesting insights into how Malaysians are spending their money. We talk with Kiron Kesav, Chief Strategy Officer at OMG Malaysia, and Asyrique Thevendran, Founder and CTO of Vase.ai. We discuss how people manage their expenses, what influences their brand choices, and the psychological factors behind their spending decisions. Tune in to get a deeper understanding of the evolving consumer landscape in Malaysia.See omnystudio.com/listener for privacy information.

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-commerce enablers and logistics providers. The report also examines the strategic responses of major players to the shifting market landscape, providing a roadmap for businesses to navigate the opportunities and challenges ahead.We speak with Jianggan Li, the Founder and CEO of Momentum Works to further understand the report and gain insights that can be an essential resource for businesses, investors, and policymakers seeking to capitalise on the growth potential of this dynamic region.See omnystudio.com/listener for privacy information.

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 in APAC, with organic gaming app installs reaching a 48% share and session lengths averaging 35 minutes per session.We’ll explore the trends shaping the industry, such as the surge in gaming app installs, the impact of generative AI on campaign optimisation, and the emergence of connected TV (CTV) as a performance channel for growth.Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.

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 Malaysians now prefer mobile-enabled solutions like tap-to-pay and e-wallets over traditional physical wallets. Additionally, 73% of Malaysians utilize social media for shopping, significantly higher than the global average of 44%. These trends indicate a significant shift towards digital transactions and omnichannel experiences in Malaysia.Lee Soon Yean helps unpack these findings, discussing the implications for businesses and consumers, and exploring the latest trends reshaping Malaysia’s online retail and payment landscape. From the adoption rates of mobile wallets to the integration of technology and personalization in retail, this episode provides a comprehensive overview of the digital payment ecosystem in Malaysia and what businesses need to do to stay competitive.Tune in to learn more about how Malaysian businesses are responding to these changes, the opportunities and challenges ahead, and the future of digital payments in the region.See omnystudio.com/listener for privacy information.

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 Tax Consulting Services, the discussion focuses on addressing the concerns raised by businesses.The conversation attempts to cover practical advice for businesses to ensure a smooth transition, insights from the pilot program, penalties for errors and mistakes, navigating the needed data collection to issue e-invoices and interim solutions, and more.Among other things that came up in this conversation was that they understand that this transition to e-invoicing is a significant change to business processes and that in the early stages of implementation, they understand that there will be unintentional errors that need to be addressed. Their intention is not to penalise from day one, but taxpayers will need to get on board and familiarise themselves with the process in good faith. LHDN is aware that taxpayers will need guidance and support during the transition.See omnystudio.com/listener for privacy information.

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 this sector is the Malaysia Semiconductor Accelerator and IC Design Park: Selangor Hub, spearheaded by the Selangor State Government through its digital economy arm, SIDEC - the Selangor Information Technology & Digital Economy Corporation.We go deeper into this groundbreaking initiative, on the vision behind the Selangor Hub, its strategic importance, and its expected impact on the Malaysian semiconductor landscape.See omnystudio.com/listener for privacy information.

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 deployment strategies, and the rationale behind targeting the ASEAN market. Learn about the success stories from their first fund, including notable investments in Doctor Anywhere and Sunday Insurance, and the lessons they've brought forward to their new fund.Mark also sheds light on the challenges of raising capital in the current economic climate, the importance of focusing on sectors like fintech, healthcare, and climate tech, and the strategic importance of collaborating with local and regional partners. Discover how OSK-SBI Venture Partners supports its portfolio companies beyond capital provision and their approach to identifying and nurturing high-growth potential startups.Whether you're an entrepreneur or founder looking to raise funds, a venture capitalists or private equity investor looking to learn about what peers are up to, or simply curious about the venture capital landscape in Southeast Asia, this episode offers valuable insights into the strategies and future plans of one of the region's key players.See omnystudio.com/listener for privacy information.