Inovatif

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  • Malaysia’s dance with FAANG Giants

    In Malaysia’s bustling capital city of Kuala Lumpur, and other urban areas across the country, anticipation surrounds discussions about the global tech phenomenon known as FAANG [Facebook (now Meta Platforms), Amazon, Apple, Netflix, Google [now Alphabet]).Entrepreneurs, industry experts, and policymakers are engaged in conversations about the implications of welcoming these giants onto the nation’s digital landscape. With its rapidly growing tech-savvy population, Malaysia is at crossroads that could redefine its economic trajectory and cultural identity.

    THE FAANG INVASION Facebook’s (Meta Platforms) Impact:
    With a population exceeding 32 million and a steadily growing middle class, Malaysia holds promise as an attractive market for FAANG companies. The allure of Meta Platforms’ social connectivity has already drawn over 25 million monthly active Facebook users in the country, showcasing the extent to which the platform is embedded in the fabric of Malaysian society. Under the Meta Platforms umbrella also includes Instagram and WhatsApp – all of which are widely used as modes of communication in this country. Friends, families and communities are also using these platforms as tools for information sharing and social engagement, ultimately transcending geographical boundaries.

    Apple’s Tech Status Symbol:
    Apple’s reputation for innovation and product quality has positioned itself as a status symbol among
    Malaysians. The growing popularity of iPhones, iPads, and MacBooks is indicative of a broader technological shift. Young professionals, entrepreneurs, and students are adopting these devices as essential tools for communication, productivity, and entertainment, sparking a transformation in how Malaysiansinteract with technology.

    Amazon’s Retail Revolution:
    Amazon’s global e-commerce dominance has the potential to revolutionise Malaysia’s retail landscape. As traditional brickand-mortar stores face disruptions, the prospect of tapping into Amazon’s extensive product range and streamlined delivery services piques the interest of local businesses. The ease of reaching a wider customer base and venturing into international markets fuels ambitions for growth, though concerns linger about the impact on local retailers and traditional markets.

    Netflix’s Cultural Reshaping:
    Netflix’s streaming platform has caused a seismic shift in Malaysia’s entertainment consumption habits. Its library of diverse international and local content caters to the varying tastes and preferences of Malaysians. The surge in subscribers demonstrates a growing appetite for high-quality entertainment on demand. As local filmmakers and content creators find their work on this global platform, cultural narratives are reaching wider audiences, reshaping perceptions of Malaysia’s creative industries.

    Google’s (Alphabet) Information Gateway:
    Google (under the parent company Alphabet), the search engine giant, has woven itself into the fabric of Malaysians’ daily lives. With over 30 million Google searches conducted daily, the platform becomes a virtual gateway to information, education, and research. From students seeking academic resources to entrepreneurs researching market trends, Google’s impact on knowledge dissemination is undeniable.

    THE COMPLEX BALANCING ACT
    As discussions buzz with excitement about the potential benefits, cautionary voices also emerge. The concentration of power within a few tech giants raises concerns about stifled competition and limited innovation. The delicate balance between global technological influence and the preservation of Malaysia’s cultural identity is at the forefront of many minds. Data privacy and security emerge as paramount concerns as Malaysians integrate FAANG services into their daily lives. The digitisation of personal information has implications for individual privacy, warranting a closer examination of data protection frameworks and regulations. As the convenience of seamless connectivity collides with the necessity of safeguarding sensitive information, policymakers grapple with the imperative of ensuring citizens’ digital rights.

    Hann Liew, Founder & CEO of Halogen Capital

    Amid these considerations, experts and industry leaders begin contemplating a harmonious coexistence between FAANG companies and local innovation. The narrative shifts from fearing dominance to exploring collaboration. Initiatives are proposed to bridge the gap between tech giants and local startups, aiming to provide resources, mentorship, and funding to nurture homegrown talents. These efforts envision a scenario in which Malaysia can leverage FAANG’s global influence while preserving
    its distinctive cultural heritage. “Perhaps the phrase FAANG will resonate most with Malaysia’s savvy investment community, where both long term (10 years, 25% annualised return) and shorter term (35% return in the past year) equity investors have enjoyed outsized returns from their investment portfolios in these five stocks,” explains Hann Liew, founder and CEO of Halogen Capital, Malaysia’s first fund manager licensed to manage cryptoassets.

    He further emphasised that how investors will navigate these (now) mega stocks as part of their portfolios going forward will be determined by how they will dance with local governments by way of
    censorship and how they respond to the next wave of technologies and business models (artificial intelligence, blockchain, IoT etc).

    EDUCATIONAL PREPAREDNESS
    The tech landscape in Malaysia is undergoing a transformation, driven by the potential of FAANG’s presence. The narrative of collaboration between these global tech giants and local startups is gaining momentum. As policymakers seek to strike the right balance, questions arise about the role of education in preparing the workforce for this digital era. Academia and vocational training are seen as critical to equipping Malaysians with the skills necessary to thrive in an environment increasingly defined by technology.

    Furthermore, the impact of FAANG’s presence extends beyond economics and culture. It reverberates within the realm of policymaking, where debates center on fostering innovation and ensuring regulatory frameworks adapt to the digital age. The government’s role in supporting homegrown start-ups, incentivising entrepreneurship, and creating an environment conducive to technology-based innovation is being scrutinised and reshaped.

    Sajesh Kumar Paramasivam, Senior Partner of TorchBearer Consulting

    AN EVOLVING NARRATIVE
    As the journey of Malaysia into the realm of FAANG continues, the nation is writing a new chapter in its history. The ongoing discourse reflects a dynamic exchange between global technological influence and the preservation of Malaysia’s unique identity. As Malaysians navigate the potential and challenges presented by the presence of FAANG, they demonstrate their adaptability and resilience in an increasingly interconnected world.

    “It’s amazing to observe how quickly FAANG companies have incorporated into our daily lives, providing Malaysians, especially newcomers and those without significant income and investment experience, with
    enormous investment opportunity. You don’t need a large sum of money to invest; you can buy fractional shares of these titans. Consider it as acquiring a portion of these technological behemoths,” says Sajesh Kumar Paramasivam, senior partner at TorchBearer Consulting, a wealth management company specialising in family wealth building.

    A REAL-TIME STORY
    The story of Malaysia and FAANG is not a mere work of fiction but an evolving narrative, influenced by real-time decisions, aspirations, and creativity. At the end of 2022, Facebook’s user base has grown to over 26 million monthly active users, further embedding its impact on society. Amazon’s market share in e-commerce has surged, reshaping local retail dynamics. Netflix’s Malaysian subscriber base has expanded, elevating Malaysian creative content on a global stage. Apple continues to inspire technological aspirations, and Google remains Malaysians’ trusted source of information.

    Malaysia’s journey stands as a testament to the nation’s pursuit of progress while honouring its rich heritage. The evolving partnership with FAANG companies showcases the nation’s ability to navigate the complexities of the digital era while preserving its cultural roots.

  • ESG Evolution: COP27 to Carbon Stocks Insights

    In an era defined by mounting environmental concerns, social responsibility, and ethical governance, the rise of Environmental, Social, and Governance (ESG) principles has been nothing short of transformative. As the world grapples with the urgent need to address climate change and promote sustainable practices, ESG has emerged as a critical framework guiding both businesses and governments towards a greener and more equitable future.

    THE GENESIS OF ESG: PAVING THE PATH TO COP27
    The inception of ESG can be traced back to the mounting awareness about the consequences of unchecked environmental degradation and social inequality. ESG’s roots lie in the early sustainability movements that championed the need for responsible business practices, community engagement, and ethical corporate governance. At COP27, the trajectory reached a significant milestone, where nations congregated to address the accelerating climate crisis. COP27 heralded a renewed commitment to curbing greenhouse gas emissions, with a growing emphasis on collaborative global eff orts. This conference placed ESG’s relevance on the international stage, with environmental stewardship, social equity, and transparent governance at the forefront of policy discussions.

    ESG INTEGRATION IN MALAYSIAN BUSINESSES
    ESG’s imprint extends far beyond policy considerations, effectively permeating and reshaping the
    entire business landscape in Malaysia. Companies of all scales, ranging from industry giants to small enterprises, have astutely recognised that embracing and integrating ESG practices goes beyond aligning with global imperatives—it becomes a strategic decision that significantly influences
    brand reputation, financial performance, and long-term sustainability.

    In a study conducted by the Malaysia Institute for Supply Chain Innovation, it was revealed that businesses that prioritise ESG principles tend to outperform their peers in terms of financial performance. Notably, companies that demonstrated robust environmental and social practices experienced an average of 25% higher return on equity (ROE) compared to their counterparts who did not prioritise ESG considerations.

    Furthermore, a survey conducted by the Malaysia Business Ethics Institute (MBEI) disclosed that over 80% of consumers in Malaysia consider a company’s commitment to environmental and social responsibility when making purchasing decisions. This consumer sentiment highlights the pivotal role ESG plays in shaping brand perception and influencing consumer choices.

    Large corporations in Malaysia, such as Petronas, have proactively integrated ESG into their business strategies. Petronas’ initiatives to reduce carbon emissions through energy-efficient practices not only contribute to environmental goals but have also resulted in significant cost savings. The company’s investments in renewable energy and sustainable technology have not only earned it recognition as a responsible corporate citizen but have also attracted eco-conscious investors.

    In the realm of small and medium-sized enterprises (SMEs), a survey by the Sustainable Energy Development Authority Malaysia (SEDA) unveiled that over 70% of SMEs are actively seeking to enhance energy efficiency and adopt cleaner technologies. These efforts not only reduce the carbon footprint but also position SMEs as forward-thinking entities aligned with global sustainability trends.

    The Malaysian government’s efforts to incentivise ESG practices have also bolstered the integration of these principles. The introduction of tax incentives and grants for businesses engaged in eco-friendly
    initiatives has garnered increased interest and engagement from the corporate sector. This intersection of government support and business initiative demonstrates the growing recognition of ESG’s impact on
    long-term profitability.

    In essence, ESG integration in Malaysia transcends being a superficial trend, resonating deeply with both consumer preferences and financial realities. The data and statistics outlined above indicate that companies embracing ESG practices are not only meeting global ethical standards but are also carving a competitive edge in the market. As businesses continue to navigate an ever-evolving landscape, the significance of ESG in enhancing brand reputation, financial performance, and overall sustainability becomes irrefutable.

    MALAYSIA’S ESG JOURNEY: A PARADIGM SHIFT FOR SUSTAINABILITY
    Malaysia’s stride towards COP27 was marked by a series of proactive measures to align its policies and industries with ESG principles. A notable endeavour was the launch of the Bursa Carbon Exchange (BCX), Malaysia’s voluntary carbon market exchange. BCX not only embodies the nation’s commitment to net-zero emissions by 2050 but also symbolises Malaysia’s emergence as a key player in the global carbon credit ecosystem.

    According to Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia Berhad, “The launch of Bursa Carbon Exchange is momentous as it will play a significant role in supporting the nation’s, and indeed the world’s, voluntary carbon market ecosystem.” This initiative positions Malaysia at the forefront of sustainable finance, marrying its role as a global Islamic financial marketplace with innovative carbon credit offerings.

    INVESTING IN CARBON STOCKS: NAVIGATING PROFITABLE SUSTAINABILITY
    Investing in carbon stocks has emerged as a compelling avenue for both environmentally conscious investors and those seeking lucrative opportunities. As the global drive towards sustainability gains momentum, carbon stocks present a unique convergence of responsible investing and financial growth. These stocks offer investors the chance to not only contribute to carbon reduction initiatives but also to reap potential financial rewards. Below, we delve into the top-performing carbon stocks of 2023 that exemplify the blend of sustainability and profitability.

    1. Carbon Streaming Corporation (NETZ.NEO and OFSTF.OTC)
    Carbon Streaming Corporation stands as a trailblazer in the carbon credit landscape, focusing on offset credits and securing high-quality carbon credits due to its early-mover advantage. Trading on the
    NEO exchange in Canada and the OTC market in the U.S., the company’s vision extends to listing on the NASDAQ in the near future. Analysts from institutions like TD, Bank of Nova Scotia, BMO, and H.C. Wainwright have endorsed Carbon Streaming’s potential, with an average price target of around US$4.50. Carbon Streaming’s strategic approach highlights its role as a leveraged play on the increasing demand and value of carbon credits within the voluntary carbon market.

    2. DevvStream (DESG.NEO)
    DevvStream, a new entrant in the arena, offers financing for green projects in exchange for carbon credit rights. Partnering with its parent company, Devvio, DevvStream leverages an advanced blockchain-based ESG platform. This B2B service provides a framework for global-scale enterprise management, ensuring regulatory-compliant transaction management, ESG reporting, and recordkeeping. DevvStream’s unique positioning within the ESG ecosystem makes it a compelling player with access to an expanding market.

    3. Base Carbon (BCBN.NEO)
    Base Carbon, akin to Carbon Streaming Corp., channels its efforts into financing carbon projects generating voluntary carbon credits. The company’s executed project agreements are poised to generate an estimated 34 million carbon credits, equivalent to approximately 3 million tonnes annually at full production. With a commitment of US$29.6 million for projects in Rwanda and Vietnam, Base Carbon tackles household energy inefficiencies through initiatives like fuel-efficient cookstoves and safe-drinking water purifiers. The company’s robust balance sheet, strong cash position, and strategic partnerships position it favourably for the projected growth in the voluntary carbon market.

    4. Brookfield Renewable Partners (BEP)
    Brookfield Renewable Partners stands out as a global leader in renewable energy and decarbonisation technologies. With an exclusive focus on clean energy, BEP’s portfolio comprises hydroelectric plants, wind farms, solar power plants, and other sustainable energy solutions. Their development pipeline, targeting a 46% increase in power capacity over three years, showcases their dedication to renewable expansion. BEP’s proven track record, stable business model, and extensive global presence make it a go-to choice for investors seeking exposure to carbon markets. With a strong dividend yield, consistent growth in distributions, and an emphasis on clean energy, BEP aligns seamlessly with the growing trend toward responsible investing.

    CARBON STOCKS ARE PAVING THE WAY TO A SUSTAINABLE FUTURE
    As more and more public companies declare their net-zero ambitions and disclose their carbon emissions, responsible investing is becoming a hot topic in financial markets. Big money is pouring into renewable energy and offsetting emissions using carbon credits. Meta, Apple, and Netflix are among the tech giants leading the charge towards net-zero targets by 2030. Meanwhile, major mining companies
    like Barrick and Newmont, as well as energy giants like Saudi Aramco, Exxon, and Shell, are also making similar commitments.

    These developments will likely increase investor interest in all things carbon-related in 2023 and beyond. And as 2030 draw closer, we can expect this trend to accelerate even further. Carbon stocks could prove a valuable addition to an investor’s portfolio as the world heads towards net-zero targets.

    ANTICIPATING COP28 AND BEYOND: A SUSTAINABLE TRAJECTORY
    As COP28 approaches, the world is poised to build upon the achievements of COP27. The momentum created by ESG initiatives, including the rise of carbon stocks, will likely shape discussions and actions at COP28. The success of these endeavours hinges on the concerted efforts of governments, businesses, and individuals to embrace ESG as an integral part of their strategies.

    The evolution of ESG from a concept to a driving force shaping sustainability and responsible governance is painting a promising picture of a world that acknowledges its responsibilities. With that, it is also taking proactive steps towards a greener, more equitable future.

  • Evadore’s ReFi Revolution: Pioneering Sustainable Finance in the World of Cryptocurrency

    Evadore, the groundbreaking Regenerative Finance (ReFi) ecosystem by EvaLabs, has made its debut on major cryptocurrency exchanges including Lbank, Bitmart, P2PB2B, and XT. This transformative platform is on a mission to unite blockchain entrepreneurs, startups, and communities by harnessing eco-friendly blockchain technologies that are driving us towards a more sustainable future.

    In the Evadore whitepaper’s tokenomics analysis, it’s revealed that 39.045% of the initial supply was distributed through the Initial Exchange Offering (IEO). The remaining allocations are as follows: 4% for marketing, 3% for AirDrops, 7.5% for staking rewards, and a significant 16% earmarked for the Evadore Foundation.

    A Blockchain Solution to Tackle Carbon Emissions

    Evadore, an EvaChain-based initiative by EvaLabs, champions the application of ReFi principles—focused on sustainability, social justice, and environmental stewardship—in blockchain financial systems. Isiah Cargo, CIO of EvaLabs, emphasized the pressing need for change, highlighting that “87% of energy consumed by blockchain technologies is derived from non-renewable sources.”

    Investing in Renewable Energy

    The project’s technical documentation unveils plans for a financial system that shifts away from fossil fuels towards sustainability. Revenues generated within the Evadore ecosystem will be directed towards mitigating carbon emissions, specifically by funding hydroelectric, solar, and wind energy projects. Isiah Cargo also hinted at Evadore’s role in facilitating carbon offset initiatives and combating deforestation by acquiring carbon credits through the Evadore Foundation.

    More than Just a Wallet: A Comprehensive Ecosystem

    EvaLabs’ ReFi ecosystem offers a diverse range of sustainable financial products and services, including Eva Chain, EvaStore, EvaPay, GreenWallet, EvaForest, and CarbonEva. Isiah Cargo underscored Evadore’s commitment to a well-balanced ecosystem, stating, “Evadore extends an invitation to the world for a carbon-free future through its globally scalable, carbon-neutral blockchain solution.”

  • ASUS Unveils Zenbook Pro 14 OLED (UX6404)

    ASUS has introduced the Zenbook Pro 14 OLED (UX6404), a sleek and compact 14.5-inch laptop designed for creative professionals on the go. This sophisticated powerhouse boasts cutting-edge features, making it the ultimate tool for creativity and productivity.

    The highlight of the Zenbook Pro 14 OLED is its stunning 16:10 3K 120 Hz OLED NanoEdge Dolby Vision display. It delivers impeccable detail, fluid motion, and vivid colours. PANTONE Validated for colour accuracy and boasting a cinema-grade 100% DCI-P3 gamut, this display elevates content creation and consumption with brilliant HDR images and deep blacks.

    Under the hood, this laptop is powered by the latest 13th Generation Intel Core i9 H-series processor, paired with studio-grade NVIDIA GeForce RTX 4070 graphics, 32 GB of fast DDR5 RAM, and a lightning-fast 1 TB SSD.

    Productivity and creativity are further enhanced by the ASUS DialPad, providing intuitive app control, and a comprehensive set of I/O ports including Thunderbolt 4 USB-C, USB 3.2 Gen 2 Type-C, USB 3.2 Gen 2 Type-A, HDMI 2.1, and an audio combo jack. Immerse yourself in audio excellence with the Harman Kardon-certified Dolby Atmos speaker system and ASUS AI noise-cancelling audio technology.

    The Zenbook Pro 14 OLED’s 3K OLED touchscreen features a 120 Hz refresh rate and 0.2 ms pixel response time, ensuring smooth visuals. It’s also adaptable, with different colour gamut options for various tasks or preferences. The display is protected by Corning Gorilla Glass NBT and supports the optional ASUS Pen 2.0 stylus for a premium drawing and writing experience.

    Performance-wise, this laptop is a dream machine for creators, with its high-end components and a long-lasting 76 Wh battery. The NVIDIA GeForce RTX 4070 GPU offers real-time ray tracing, while the MUX Switch reduces latency for gaming content creators.

    Keeping things cool is the ASUS IceCool Pro cooling system, complete with dual fans, external exhaust vents, and dust filters. Plus, ASUS WiFi Master Premium technology ensures rock-solid wireless connections.

    In terms of design, the Zenbook Pro 14 OLED boasts a premium Harman Kardon-certified sound system, Dolby Atmos certification, and ASUS AI noise-cancelling for crystal-clear conference calls. The FHD infrared camera allows for quick and secure face unlocking with Windows Hello.

    The laptop also introduces the ASUS DialPad, a rotary touch controller for precise control over creative apps. The ASUS ErgoSense keyboard offers exceptional typing comfort, and the touchpad is both comfortable and easy to clean.

    For connectivity, the Thunderbolt 4 USB-C port, HDMI 2.1 port, USB 3.2 Gen 2 Type-C and Type-A ports, and SD card reader ensure compatibility with the latest devices and peripherals.

    The ASUS Zenbook Pro 14 OLED (UX6404V) is available in Malaysia starting from September 19, 2023, for RM10,999 at ASUS authorized dealers and the official ASUS e-store. Explore this powerful creator laptop and unleash your creative potential.

  • New Moscow Central Diameter (MCD-4) Opens as the Longest Commuter Line, Enhancing Urban Mobility

    The grand inauguration of Moscow’s fourth Central Diameter, MCD-4, has transformed the city’s transportation landscape. Stretching a remarkable 86 kilometres from west to east, this commuter marvel intersects the Russian capital, connecting seven central railroad stations and offering commuters unprecedented convenience, speed, and affordability.

    MCD-4, opening just weeks after MCD-3, has now claimed the title of Moscow’s lengthiest rapid transit line. With 36 strategically located stations and 38 connection points to the subway, MCC, and other MCD lines, it boasts the most modern infrastructure among its counterparts. In the near future, MCD-4 will proudly welcome two additional stations, solidifying its status as a pinnacle of urban mobility excellence. Remarkably, 67% of its stations (24 in total) have already transformed into bustling transportation hubs, aligning with the highest standards of contemporary urban transit systems.

    Passenger Convenience Takes Center Stage

    For commuters, MCD-4 promises an unparalleled travel experience. During peak hours, the train frequency will be an impressive 5.5 minutes, ensuring swift journeys. Moreover, thanks to an innovative tariff system, fares have been slashed by a staggering threefold, dropping from 200 to just 65 rubles. Moscow’s acclaimed ticketing system, honoured with Transport Ticketing Awards in both 2020 and 2021, enables passengers to enjoy free transfers to the subway, MCC, and other MCD lines within 90 to 120 minutes on select routes.

    The fourth diameter of the MCDs opened in the Russian capital

    A City Transformed

    The launch of MCD-4 promises to be a game-changer for Moscow’s mobility ecosystem. Neighbouring subway lines are poised to experience a notable 9% reduction in traffic, while some of the city’s busiest highways will witness a decrease in the number of cars.

    Russian President Vladimir Putin and Moscow Mayor Sergey Sobyanin jointly inaugurated MCD-4, a remarkable achievement that now unites over 20 districts within Moscow and extends its reach to four cities in the Moscow suburbs. It is projected that by the end of 2023, MCD-4 will serve a daily ridership of 260-270 thousand people, with ample capacity to meet the city’s growing needs for years to come.

    The dawn of MCD-4 signifies a monumental leap forward in Moscow’s transportation landscape, delivering on the promise of more accessible, efficient, and sustainable urban mobility.

  • Takaful Malaysia Provides Baking Facilities for Youth Shelter

    Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia”), the FIRST takaful operator in Malaysia, through its sustainability agenda of nation-building, provides baking facilities for a youth shelter and rehabilitation centre, Raudhatus Sakinah, as part of its Corporate Social Responsibility (“CSR”) initiative to provide both practical skills and a sense of community to the shelter’s residents. The long-term sustainability of the charity baking program aims to nurture valuable skills and create a positive and nurturing environment for the residents, helping them develop confidence and a sense of accomplishment.

    Takaful Malaysia Am CEO, Mohamed Sabri Ramli; Takaful Malaysia Shariah Advisory Body member, Dr. Marhanum Che Mohd Salleh (third from right); Group Chief Marketing Officer of Takaful Malaysia, Siti Hajar Rizlan (second from right); Takaful Malaysia Head of Shariah Division, Dr. Hafiza Harun (right); Chairman of Raudhatus Sakinah, Prof. Dr. Najibah Mohd Zin (fourth from left); Raudhatus Sakinah CEO, Rosmawati Zainal (third from left), and Raudhatus Sakinah representatives at the Raudhatus Sakinah Bakery Project event in Selangor.

    Mohamed Sabri Ramli, Chief Executive Officer of Takaful Malaysia Am, the general takaful arm of Takaful Malaysia, said, “Corresponding to the spirit of takaful, which is lending a helping to those in need, the baking facilities we provide for the youth shelter, Raudhatus Sakinah, is a commendable initiative that provides practical skills by encouraging creativity and entrepreneurship among the shelter’s residents. Baking can empower the shelter residents by giving them the tools and knowledge which foster self-sufficiency and independence and the opportunity to learn a skill useful for future employment. We work closely with the management of Raudhatus Sakinah to determine their specific needs for baking facilities, and the residents learn how to bake and sell baked goods to generate income, which helps support the shelter’s daily operations.”

    Through the CSR program, Takaful Malaysia provides complete baking facilities and equipment to Raudhatus Sakinah, a shelter and rehabilitation centre in Selangor for female Muslim teenagers in crisis situations. The baking facility gives the residents access to appropriate baking resources, develop life skills and self-sustaining, and work toward a more secure and independent future.

    “We ensure that the baking facilities adhere to safety regulations, including proper food handling, hygiene, and supervision by the shelter’s management. We are pleased that this initiative encourages the residents’ creativity and exploration in baking. Raudhatus Sakinah has received an overwhelming response and baked goods orders from various parties, and we are delighted to receive positive outcomes from this initiative.

    This program reflects our unwavering commitment to positively impacting the community by reaching out to those in need and fulfilling our responsibility to eligible Asnaf (tithe) recipients, which aligns with our value as a responsible and caring Islamic financial institution. It is about the impact we create, the difference we make in the lives of individuals and communities, and the legacy we leave for future generations. With this in mind, we have embarked on a journey to strengthen our community-based efforts and drive meaningful change for a lasting legacy of positivity,” said Mohamed Sabri Ramli.

  • IshanTech Launches WatchfulEyes Managed Services

    IshanTech, leading provider of enterprise ICT security solutions and professional services, catering to the evolving needs of its customers in Malaysia and Southeast Asia, is launching managed services under the WatchfulEyes brand.

    WatchfulEyes was founded with the focus on one of the most important areas – protecting businesses from insider-related information security risks. The services will help clients to protect corporate information and personal data of clients, optimize business processes, prevent fraud and data manipulation, and mitigate other risks. It also helps to fulfill the requirements of the law for information protection without additional expense on software and the hiring of information security officers.

    WatchfulEyes team

    “We decided to open a new line of business by responding to the needs of our customers. At some point, employees realize that information requires special handling, it’s crucial to know how exactly it is kept, who has access to it, where it is transmitted to. Often these tasks have to be solved urgently – after an incident. In any case, it is often difficult for a business to allocate resources: to buy and implement the necessary software, hire and train specialists, particularly if it needs to be done quickly. The service solves these problems – by enlisting the help of third-party experts, companies get access to advanced technologies and professionals in a matter of hours,” says Ruben Theva co-founder at WatchfulEyes.

    Managed services will be available to clients in different formats depending on business needs. It can be a one-time audit or day-by-day monitoring. It can come in handy even for companies that have an IS (Information Security) department but are overburdened or don’t have the right resources.

    “Thanks to the technologies that we use in our services, we are able to address a wide range of issues in both data-centric security and user-centric security. These include data loss prevention and monitoring, data discovery and data classification, access rights audit, user activity monitoring, forensics and investigation, employees’ productivity monitoring. In addition, with the help of our services you can close the issue of regulatory compliance audit (PDPA, GDPR, etc.), – says CTO/Cyber security consultant Buddhika Niroshan – as part of the service, we will install the necessary software, configure it and analyze the information. Report data will allow companies to prevent information security incidents, identify gaps, eliminate vulnerabilities and optimize business processes.

    The service can be tested for a month absolutely free of charge. WatchfulEyes is already conducting the first trials. Even during the test period, customers can draw conclusions on how to improve the data situation in their company.

  • You Too Can Excel

    For a book title, it may sound too common.  However, this is one book that is everything except common.    I have written this book for a top civil servant who has over 35 years of experience where he shares his experiences through stories, insights, and hindsight for those aspiring young leaders who too want to reach the top positions in organizations.

    As the book appears to have two names, allow me to differentiate between an author and a writer.  A writer is the one who helps write the book, but the author is the one with the stories and the sharing of his views.  The writer plays the role of interviewing to unleash what is inside the author and help write the book.  Of course, there are authors who write their own books too.  However, many people have books trapped inside them but do not translate their gems to be shared with the world.

    One such individual, Datuk Ir. Amrullah has unleashed his trapped book into reality with his first book, You Too Can Excel.  The book is written more in a style of self-improvement rather than a biography. This book is divided into 10 Chapters.

    Chapter 1 gives a good background of Datuk Amrullah Kamal describing the events that had shaped him. His years of martial arts training through Taekwondo, Judo, and Silat classes have developed a sense of confidence and discipline that serves him well. His scouting activities developed his leadership, and survival skills as well as inculcated in him a sense of independence. His parents’ spiritual teachings have inculcated good moral principles and humility in him. His resilience and courage in his younger days certainly helped him in his later years.

    Launching the English and the Bahasa version of the book at the same time

    Before introducing Chapter 2, there is a brief introduction on what are the 7 Majestic Step-Ups. The term, Step-Up means to do something faster and better with greater intensity to achieve the desired results.

    The 7 Majestic Step-Ups approach are as follows:

    Chapter 2: Majestic Step-Up 1: Engage foresight to develop a vision

    Chapter 3: Majestic Step-Up 2: Have the guts to do what is right

    Chapter 4: Majestic Step-Up 3: Develop superb communication skills

    Chapter 5: Majestic Step-Up 4: Be hungry for success and performance-driven

    Chapter 6” Majestic Step-Up 5: Execute well with massive action

    Chapter 7: Majestic Step-Up 6: Follow through till successful

    Chapter 8: Majestic Step-Up 7: Build a powerful and motivated team

    Chapter 2 to Chapter 8 covers the 7 Majestic Step-Ups providing specific examples of how Datuk Amrullah had used them to excel.  He rose from the rank of an executive engineer to the Director of JKR Sabah and then the Director-General Dewan Bandaraya Kota Kinabalu, and finally the President of  Majlis Perbandaran Tawau, through using this approach to help achieve extraordinary results often with seemingly impossible tasks.

    In many of his works, he had tapped into his foresight to develop an inspiring vision to win over people’s commitment. He had the guts to do what was right rather than what was popular. He had used his superb persuasive skill to influence his superiors to approve something that had never been approved before. For example, he managed to get a huge budget for the development of rural roads in Sabah approved as well as for 45 fresh engineers despite the staff intake freeze policy.

    In everything, one can sense that this man has a hunger for success and is performance-driven. He not only executed well with massive action, but his follow-through was relentless. To him, there is no such thing as failure unless one gives up trying. He did whatever it took, often outside his decision-making powers, using his influential skills to get a difficult idea approved and implemented. He was quick to admit that he did not chalk up all the great achievements by himself.  He had leveraged the motivated team that he had developed.

    The author with his eager fans awaiting him to autograph the book.

    Perhaps his courage, tenacity, and perseverance could be best attested by his attending Tony Robbins fire-walking seminar 3 times and having climbed Mount Kinabalu to reach the summit when he was 51 years old.

    Chapter 9 is an emotional chapter where he shares his greatest loss. It is heart-rendering to read about the loss of his father and yet inspiring to know of the great love of his family that motivated him to overcome the adversities he faced. The lessons of adversities are indeed useful gems, especially for the younger ones who have yet to face a great crisis in their lives.

    In the final chapter, Datuk Amrullah shows us behind the tough and disciplined leader is a man who has a soft spot for orphans. His involvement in community and charity work while working full-time in organizations shows his love and care for helping others.

    His definition of his purpose in life is indeed most magnanimous and selfless:

    “The purpose of my life is to serve others and make a difference in their lives. In the process of helping others, I will improve myself, become a better and happier person as well as achieve a sense of fulfillment in my life”.

    His active role in securing a  wakaf land and the building, Rumah Anak Ar-Raudhoh speaks volumes of a man whose kindness has made a difference in the lives of the orphans.

    In this book, Datuk Amrullah generously shares his insight, experiences, and strategies to help those working in the public as well as the private sector to excel in whatever they do through the 7 Majestic Step-Ups.

    You too can excel if you apply this approach in your work, whichever field you are in be it in manufacturing or retail business.

     

  • Cradle and Bursa Malaysia Collaborate to Facilitate Listing of Local Startups in Bursa Malaysia

    The Minister of Science, Technology, and Innovation, YB Tuan Chang Lih Kang, presided over the signing of a Memorandum of Collaboration (MoC) between Cradle Fund Sdn. Bhd. (Cradle), Malaysia’s premier early-stage startup agency, and Bursa Malaysia Berhad (Bursa Malaysia).

    The MoC was formalized with Cradle’s Acting Group Chief Executive Officer, Norman Matthieu Vanhaecke, and Bursa Malaysia’s Director of Corporate Strategy, Aina Zahari.

    This collaboration’s primary objective is to raise awareness among startups regarding funding opportunities available in Malaysia, including those offered by the equity market. Furthermore, it aims to streamline the identification process for companies with the potential to list on Bursa Malaysia.

    This collaboration is an integral component of the Ministry of Science, Technology, and Innovation’s (MOSTI) Fund Funnel program. The initiative is designed to simplify funding options and provide comprehensive support to startups throughout their funding journey, from the seed stage to the initial public offering (IPO).

    The implementation of the Fund Funnel program aligns with Intervention Two outlined in the Malaysia Startup Ecosystem Roadmap (SUPER) 2021-2030, emphasizing the need to restructure the local investment ecosystem to enhance efficiency, attract high-quality investments, and facilitate funding access for startups.

    Highlighting the significance of this collaboration, YB Tuan Chang remarked, “The Fund Funnel addresses the concerns raised by startups regarding the lack of information about government funding opportunities, providing clear and concise details about funding agencies and the specific stages at which they offer financial support.”

    He continued, “As we introduce the Fund Funnel program, Malaysia embarks on a transformative journey to fulfil the aspirations outlined in the Malaysia Startup Ecosystem Roadmap. The Fund Funnel program signifies the government’s commitment to nurturing startups by providing them with vital funding access at every stage of their journey, in line with Malaysia MADANI’s aspiration to build an innovative and high-tech nation.”

    Norman Matthieu Vanhaecke, Acting Group Chief Executive Officer of Cradle, expressed that the collaboration between Cradle and Bursa Malaysia demonstrates a continual commitment to engage with ecosystem players, promoting transparency in Bursa Malaysia’s listing requirements.

    He added, “Through this collaboration, we hope to empower startups to develop comprehensive strategies, ultimately paving the way for successful listings on the exchange while bridging critical funding gaps within the ecosystem. By strategically aligning resources, expertise, and collaboration, we create an enabling environment where startups can thrive, revolutionize industries, and drive economic growth.”

    Under this partnership, Cradle will provide market intelligence on the local startup ecosystem to assist Bursa Malaysia in identifying potential listing candidates. With 20 years of experience in the startup ecosystem, Cradle has engaged with companies across all stages of development and funding, supporting over 1,000 Malaysian technology-based firms and achieving the highest commercialization rate among funding agencies in Malaysia.

    Bursa Malaysia will analyse the data shared by Cradle and collaborate with them to organize programs that focus on funding access. Additionally, Bursa Malaysia will support Cradle in knowledge sharing and help startups gain a better understanding of how the equity market can contribute to their growth. This objective is crucial to assist businesses in planning their future growth and identifying the necessary funding to support their journey from the early stages to eventually becoming a publicly listed company.

    Tan Sri Abdul Wahid Omar, Chairman of Bursa Malaysia, stated, “This collaboration reflects the Exchange’s intent to assist Cradle in building a thriving startup ecosystem by addressing a common pain point faced by local startups, namely, access to funding opportunities. Together with Cradle, we are committed to alleviating this challenge and facilitating Malaysia startups in their funding journey with the goal of accelerating their growth and enabling them to list right here within their home country.”

    He concluded, “We firmly believe that the outcome of this collaboration will yield a positive impact, benefiting startups, our capital market, and the broader Malaysian economy.”

  • Takaful Malaysia’s Di Hatiku Student Food Aid Program Nourishes 1,000 Asnaf Students with Nutritious Meals

    Syarikat Takaful Malaysia Keluarga Berhad (“Takaful Malaysia”), the FIRST takaful operator in Malaysia, recently lunhed a Corporate Social Responsibility (“CSR”) initiative in collaboration with the Ministry of Education (“MoE”). This initiative, known as the “Di Hatiku Student Food Aid Program”, aims to provide daily nutritious meals to 1,000 Asnaf students in ten (10) primary schools around Kuala Lumpur and Selangor. The CSR program aligns with Takaful Malaysia’s sustainability agenda, focusing on nation-building and improving the health, physical condition, and nutrition of underprivileged students.

    Nor Azman Zainal, Group Chief Executive Officer of Takaful Malaysia, stated, “We initiated the food aid program to fulfil our responsibility as an Islamic financial institution in distributing Zakat to eligible Asnaf (tithe) recipients. We aim to create sustainable value in the local community by providing daily nutritious meals and improving the nutrition intake of underprivileged students. Our responsibility and commitment are to assist the Government in addressing malnutrition by empowering these children with healthy meals. This is also in line with the spirit of takaful, which emphasizes helping one another, especially those in need.”

    Group Chief Executive Officer of Takaful Malaysia, Nor Azman Zainal (right) and Chief Executive Officer of Takaful Malaysia Am, Mohamed Sabri Ramli (left) at the Di Hatiku Student Food Aid Program event in Kuala Lumpur.

    Takaful Malaysia’s Di Hatiku Student Food Aid Program was launched in July 2023. Through this program, Takaful Malaysia supplies daily set meals to eligible Asnaf students from low-income families at their respective schools. The program is scheduled to run until February 2024, covering the school academic year 2023/2024.

    “Our goal is to play our part and be responsible corporate citizens by providing nutritious food to empower the younger generation. Recognizing the importance of Asnaf students from low-income families having access to balanced meals at school, we decided to initiate this effort and extend a helping hand. Consequently, we are collaborating closely with the MoE, selected school administrators, and canteen operators to manage and implement the food aid program effectively,” said Zainal.

    Each selected Asnaf student receives a complete lunchbox set, and the daily menu is based on the food pyramid for children, including vegetables, fruits, and protein sources to meet the needs of the Asnaf students. Additionally, water bottles are also provided to encourage students to stay hydrated.

    “The Di Hatiku Student Food Aid Program aligns with the Sustainable Development Goals, aiming to eradicate malnutrition and ensure regular access to nutritious and sufficient food, particularly for Asnaf and underprivileged children, to support their normal growth and development and promoting a healthy life. Seeing the children’s smiles as they enjoy their meals is the most rewarding aspect of this program. We are delighted that the food aid program has received a positive and overwhelming response and hope it will continue to benefit the Asnaf students,” Zainal concluded.