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The Inescapable Reality of Crisis

We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that catches unprepared decision makers off guard in a web of entanglement. Yet, crisis has become an advanced business strategy, a political survival strategy, a cunning military strategy. That means everything can and eventually will be weaponised to achieve a strategic objective. Nowhere is this more prevalent than in seemingly obscure components of a critical value chain. Malaysia has seen several prime examples in recent times – palm oil, the glove industry and, as of a few days ago, the semiconductor sectors received external pressure due to their critical importance in defence technologies. What critical value chain do you find yourself [...]

The Inescapable Reality of Crisis2022-09-18T08:58:17+08:00

MGBF HIGHLIGHTS BUSINESS OPPORTUNITIES IN CRITICAL VALUE CHAINS

KUALA LUMPUR, 25 May 2022 – 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? Panellists addressing disruptions in the supply chain at the MGBF Roundtable on ‘Security Concerns in Critical Value Chains’ on 24 May 2022 at Eastin Hotel Kuala Lumpur. From left: ACP Sarifudin Bin Mohd Salleh, Head of Traffic Investigation and Enforcement Department, Royal Malaysia Police (PDRM); Francis Koh, Head of Career Development, Digital Nasional Berhad; Senator Datuk Ras Adiba Radzi, Chairman of BERNAMA; M. Umapathy Sivan, Former CIO of Telekom and Chief Technology Officer of Novem CS [...]

MGBF HIGHLIGHTS BUSINESS OPPORTUNITIES IN CRITICAL VALUE CHAINS2022-09-18T09:01:32+08:00

ADDRESSING DIGITAL RESILIENCE IN THE CORPORATE SECTOR

KUALA LUMPUR, 30 March 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Digital Resilience in the Corporate Sector’ was held in a hybrid setting yesterday at the Element by Westin Kuala Lumpur. The discussion focused on what business leaders need to understand, to ensure business resilience and sustainability as well as to remain relevant in the digital economy especially as part of their post-COVID-19 recovery strategies. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. In his keynote speech titled ‘Driving Digital Resilience in the Context of Regulatory and Policy Frameworks’, Datuk Zahidi said, “The Malaysian government will also continue to invest in digital infrastructure. The case in point will be the 5G rollout. The new 5G networks support a massive number of connected devices and are expected to be much faster, reliant, and efficient. 5G technology will also provide [...]

ADDRESSING DIGITAL RESILIENCE IN THE CORPORATE SECTOR2022-04-14T12:14:12+08:00

Malaysia to receive more business delegations

Trade and investment delegations will trickle back over the next few months, but the second half of the year should see considerable return of business travellers. It was learnt that over 50 per cent of international business chambers and industry associations surveyed will consider sending exploratory teams to Malaysia during this quarter of the year with a view of sending full business delegations to the country in the second half of the year. MGBF – Malaysia to receive more business delegations Most business people have relied on virtual meetings to conduct business development activities over the last two years. At the same time, a similar percentage of senior level business development professionals believe that in-person meetings are more impactful to develop relationships. This was most prevalent in the services sector and with products that need technical support post sales. Malaysia remains a popular business destination in ASEAN for [...]

Malaysia to receive more business delegations2022-04-14T11:50:38+08:00

ADDRESSING CYBER ATTACKS IN A HYPER SENSITIVE MEDIA ENVIRONMENT AND THE IMPACT ON STAKEHOLDER VALUE

The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Addressing Weaponised Information in the Media’ was held in a hybrid setting today at the Hilton Kuala Lumpur. The discussion focused on addressing one of the most relevant threats to businesses in the digital economy – cyber threats causing physical and reputational losses. In attendance as guest of honour was Rear Admiral Dato’ Shamsuddin bin Hj Ludin, Director-General (DG) of Defence Cyber and Electromagnetic Division (DG BSEP) of the Malaysian Armed Forces under the Ministry of Defence, and co-head of the cyber defence security conference and exhibition – Defence Services Asia (DSA) and NATSEC Asia 2022. The advancement of technology coupled with a hyper connective landscape has opened the door to cybersecurity attacks that ultimately threatens both national security and the economy at large. According to a report by Malaysia Digital Corp (MDEC), Malaysia faced an estimated loss of RM51 billion [...]

ADDRESSING CYBER ATTACKS IN A HYPER SENSITIVE MEDIA ENVIRONMENT AND THE IMPACT ON STAKEHOLDER VALUE2022-04-11T13:32:04+08:00
 
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