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Budget 2022 Comments: Opportunity to build resilience in critical sectors

The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country's future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) approach, which is empathic and inclusive, is both timely and an appropriate approach to address those most impacted. Policy stability, especially those policies directly impacting foreign investors, remains important for business continuity. At the same time, well-managed policy developments that have taken into consideration the views of all related stakeholders and the community are welcome as the country continues to mature on its journey as a leading democracy in the region. Recent announcements by the Prime Minister Datuk Seri Ismail Sabri Yaakob around Operational Safety and Health and Disaster Management are good examples, which have identified leakages upwards [...]

Budget 2022 Comments: Opportunity to build resilience in critical sectors2022-09-18T08:59:05+08:00

MGBF RELEASES A REPORT ON THE POULTRY ECOSYSTEM BASED ON BUSINESS DATA

As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. In Malaysia, this has come to the surface with the emergence of several issues with poultry production, primarily chicken supply. The report by Malaysia Global Business Forum (MGBF) titled ‘Malaysia’s Poultry Ecosystem: An Analysis of Business Data’ extrapolated data from a total of 3,724 registered business entities with self-declared business activities in poultry. To gain deeper insights, the report focused on 627 companies. Out of 402 companies that filed financial data in the last 12 months, it was learnt that 55.12 per cent were profitable during this period. The MGBF report also identified 30 companies that filed losses greater than RM1 million. MGBF Founding Chairman, Nordin Abdullah, [...]

MGBF RELEASES A REPORT ON THE POULTRY ECOSYSTEM BASED ON BUSINESS DATA2022-08-10T09:33:50+08:00

Hindsight is the new foresight

The current floods that have impacted various parts of the country have given rise to an extensive commentary on the response cycles of various stakeholders.  It has in turn led to continued crisis communications and statements in the media by agencies and ministries alike.  This binary approach to the discussion has also created a perceived “us and them” situation when in a crisis of this nature there should only be “we”. Instead of being anxious about the ongoing commentary and flood of social media comments, the government should now take the opportunity to actively listen and embrace the process. This is free business intelligence, especially if the business model is keeping people happy and safe.  Don’t let the critical data go the way of the flood waters – simply flowing into the oceans or seeping back into the soil. The challenge will be organising the information into a meaningful framework. [...]

Hindsight is the new foresight2022-09-18T09:00:32+08:00

MGBF REPORT IDENTIFIES TEN AREAS FOR STRATEGIC GROWTH IN DIGITAL RESILIENCE

The Malaysia Global Business Forum (MGBF) has released a report following the roundtable on ‘Digital Resilience in the Corporate Sector’, which was recently held in Kuala Lumpur. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. The report recommended several critical development streams. However, from the perspective of long-term digital sustainability, the roundtable highlighted that a pathway to success must include digital resilience and data literacy inculcated from early-stage education onwards. MGBF Founding Chairman, Nordin Abdullah said, “The Fourth Industrial Revolution (4IR) and the rapid advancement of disruptive technologies have shown the potential to significantly transform the economic landscape around the world. If all stakeholders do not continue to embrace digitalisation coupled with mindset transformation, we run the risk of losing investment dollars to regional competitors.” According to the report, the 10 areas identified for strategic growth in digital resilience include: i) [...]

MGBF REPORT IDENTIFIES TEN AREAS FOR STRATEGIC GROWTH IN DIGITAL RESILIENCE2022-09-18T08:45:57+08:00

MGBF Highlights Business Opportunities in Critical Value Chains

The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of Trade and Industry Malaysia. Her session, ‘Maintaining Strategic Interests in Critical Value Chains’, focused on the salient question – how do nations compete? (Watch the session by clicking here) Also playing a key role was Yang Berhormat Senator Datuk Ras Adiba Radzi, Chairman of BERNAMA, who has continued to champion the role of persons with disabilities (PWDs) within the context of economic recovery post-COVID-19. Her session on ‘Addressing Disruption in Supply Chains’ explored the use of technology that will empower individuals to become more productive and contribute in a more meaningful way to the nation’s gross domestic product (GDP). (Check out the panel session here) Founding Chairman of [...]

MGBF Highlights Business Opportunities in Critical Value Chains2022-09-18T08:57:28+08:00
 
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