Enterprise Explores

Enterprise Explores the state of tech and the digital economy and what to expect in 2024 with Ong Chin Seong, Chairman of The National Tech Association of Malaysia (PIKOM), and Amin Ashaari, CEO and Co-founder of SoyaCincau.We look into how the Malaysian Digital Economy performed in 2023, and the outlook for its growth in 2024 with an emphasis on cybersecurity concerns and bridging the digital divide. We discuss how Malaysia can position itself within the broader Southeast Asia digital economy. We also discuss whether or not there is an emphasis on FDI over local players. Enterprise Explores helps you navigate the ever-changing universe of business, from the headlines to the bottom line. Get your daily deep dive to help you better understand the business news, views, and developments with industry experts and stakeholders, experienced entrepreneurs, and more.See omnystudio.com/listener for privacy information.

Enterprise Explores expectations for the Malaysian Economy in 2024 with Dr Mohd Afzanizam Abdul Rashid, Chief Economist, Bank Muamalat Malaysia.We review Malaysia’s 2023 economic performance, dive into expectations for economic growth and drivers in 2024, get into which of the various government plans are expected to have a material impact on growth this year, and key global risks that could impact Malaysia’s economic growth, such as the US Federal Reserves interest rate policy direction.Enterprise Explores helps you navigate the ever-changing universe of business, from the headlines to the bottom line. Get your daily deep dive to help you better understand the business news, views, and developments with industry experts and stakeholders, experienced entrepreneurs, and more.See omnystudio.com/listener for privacy information.

Earlier this month, it was reported in the news that Malaysia’s social security organisation (SOCSO) or PERKESO has suffered a data breach involving personal data. A group self-described as ethical hackers posted a forum thread highlighting that the PERKESO’s portal as well as a database of its internal documents have been breached.According to a report by Cybersecurity company Surfshark, Malaysia ranked as the eighth most breached country in Q3 2023 with 494,699 leaked accounts, a significant increase of 144% compared to the previous quarter.With cyberattacks and data breaches getting rampant, is it a case of an organisation’s lack of IT security measures and practices? It seems that the hackers are always a few steps ahead. Can we outwit them?Helping us with this conversation is CF Fong, Executive Chairman of LGMS Berhad and cybersecurity consultant, on how to enhance our country and organisations’ cybersecurity posture and crisis preparedness to counteract this rising tide of cyber threats.See omnystudio.com/listener for privacy information.

Today on Enterprise Biz Bytes, we explore the transformative power of connectivity in Southeast Asia and how this causes a digital divide in the region.Over the years, connectivity has advanced tremendously but there are still parts of the region that have not benefited from it due to limited access and lack of digital inclusivity.To understand this, EdgePoint, an ASEAN-based independent telecommunications infrastructure company, recently released a digital equity whitepaper titled "An Infrastructure-Based Approach to Advance Digital Equity in South-East Asia". The whitepaper identifies connectivity challenges from an infrastructure provider’s perspective in three key economies, namely Malaysia, Indonesia, and the Philippines. It also provides information on policy changes to address gaps within these economies. ,We will also be looking at the current state of connectivity in ASEAN and how we can bridge the gap with other countries in driving digital inclusivity and connectivity. See omnystudio.com/listener for privacy information.

TikTok to invest $1.5 billion in GoTo to get back into online shopping in Indonesia; ZDNET recaps 2023’s AI advances; Google’s Gemini launch; AstraZeneca announced collaboration with US AI biologics firm; Federal Trade Commission scrutinising Microsoft-OpenAI deal; Technology and AI to lead 2024 talent demand drive, says Singapore survey; And Zoom now available on Apple TV.See omnystudio.com/listener for privacy information.

Consultancy firm Deloitte released In mid-November its insights on the IPO market in Southeast Asia for 2023. During the first 10.5 months, the IPO capital markets saw a healthy count of 153 IPOs and IPO market capitalisation. However, despite the healthy number, the IPO amount raised was the lowest in eight years.So, what will 2024 hold - will it be good, bad, or complicated? Today, we explore the IPO market in Southeast Asia with Wong Kar Choon, Disruptive Events Advisory Leader of Deloitte Malaysia to shed light on the challenges faced by stock exchanges in sustaining a vibrant cash equities market, the factors influencing companies' decisions to go public and the efforts made by governments to attract high-growth businesses.See omnystudio.com/listener for privacy information.

Exactly one month ago, on 8 November, global advisory firm BDO PLT released the ASEAN Corporate Fraud Landscape 2023 report. This publication provides a detailed analysis of the current fraud landscape in the region.It is based on a survey conducted in the first half of 2023 and includes input from a wide range of respondents across the region. The report focuses on fraud detection, the impact of fraud, root causes, remediation, and expected trends in fraud. It also highlights the presence of whistleblowing mechanisms and their effectiveness in identifying and preventing fraud.This report release coincided with the International Fraud Awareness Week, an annual event observed globally in the third week of November, organised by the Association of Certified Fraud Examiners to raise awareness on fraud. It aims to encourage business leaders and employees to proactively take steps to minimise the impact of fraud.Revealing more about the report and insights is Sanjay Sidhu, the Executive Director of Advisory of BDO.See omnystudio.com/listener for privacy information.

On Monday, 4 December, DE-CIX Malaysia and Digital Penang announced a partnership to establish the Penang Internet Exchange (PIX), aiming to enhance digital capabilities in Penang and position it as a key interconnectivity hub in Southeast Asia. The collaboration is expected to provide faster, more affordable, and more resilient Internet connectivity, enabling data exchange, collaboration, innovation, and economic growth. The partnership also aims to accelerate Penang's digital economy growth and attract businesses, technology companies, and investors. The two parties are also expected to promote knowledge sharing through training sessions and a Penang Peering Forum.See omnystudio.com/listener for privacy information.

Premesh Chandran, Co-Founder of Malaysiakini, and Karamjit Singh, CEO of Digital News Asia, join us in the BFM studio to get into the 3rd edition of The Top In Tech Summit & Innovation Awards which they are organising in January 2024.On top of that, we also explore the current state of tech innovations and its implications to media, including what’s changed in media and journalism, the role of technology in modernising journalism, and implications of AI.The Top In Tech Summit & Innovation Awards is happening in mid-January and recognizes and celebrates the most innovative and impactful technology companies, products, and individuals across enterprises in the country.The awards feature 12 Awards across 8 categories including:a. Innovator of the Yearb. Best Brick & Mortar Adoptionc. Most Impactful Academia-Industry Collaboration (Commercial & R&D)d. Most Impactful Public Sector Agency Driving Digital Adoption (Federal & State Level)e. Most Value Creationf. Most Promising (Startup & Growth Company)g. Best Pivot (Startup & Growth Company)h. Young Innovator of the YearIf you think you or your company want to throw your hat in the ring for any of these categories, make a free submission here up till the 15th of December 2023. There are no fees incurred for participation.See omnystudio.com/listener for privacy information.

For those of us Internet users, we would be familiar with the word “cookies”. They are used to remember your preferences, login information, and other browsing information, as well as to track your activity on the website and to personalise your experience. Three years ago, Google announced that it would eliminate third-party cookies from Chrome by 2022, and later postponed its deadline until 2024.In the ever-evolving landscape of digital marketing, the impending end of cookies marks a significant turning point. Once the bedrock of online tracking and personalised advertising, cookies are facing obsolescence due to growing privacy concerns and tightening regulations. From the strategies businesses will adopt to navigate this new terrain to the varied impacts on marketers, advertisers, publishers, and consumers, the transition prompts a reevaluation of fundamental practices. Today, we delve into the challenges and opportunities arising in a cookieless future.See omnystudio.com/listener for privacy information.