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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

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 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

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

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
 
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