Inovatif

Category: Enterprise

  • AC Ventures and Deloitte release 2024 Impact Report

    AC Ventures, a leading Southeast Asian venture capital firm, has officially released its 2024 Impact Report, titled “Accelerating Impact into New Heights.” Developed in collaboration with Deloitte in Indonesia, the report underscores AC Ventures’ commitment to fostering innovation, advancing sustainability, and driving meaningful change across Indonesia and the broader region. Covering the firm’s achievements and progress, the report offers an in-depth exploration of AC Ventures’ contributions across three core pillars: economic growth, social inclusion, and environmental sustainability.

    Helen Wong, Managing Partner at AC Ventures, stated, “At AC Ventures, we firmly believe venture capital has the power to transform industries and lives for the better. This report highlights how our portfolio companies are championing innovation while making a tangible impact and fighting climate change. From empowering communities to accelerating sustainability, our mission is to build a future where businesses thrive alongside an inclusive society and a sustainable environment.”

    The Impact Report highlights AC Ventures’ ongoing commitment to drive positive outcomes. Over 30,000 direct jobs were created by AC Ventures-backed companies, empowering more than four million individuals and businesses through digital tools and financial inclusion. 40% of these companies are led or co-led by women, advancing gender equity in Southeast Asia. Companies like Supermom are actively bridging opportunity gaps.

    Sustainability is a core focus of AC Ventures’ investment strategy. The firm’s climate-tech portfolio companies have been instrumental in accelerating environmental impact. These companies have collectively reduced and avoided more than four million metric tons of CO2 emissions. Accacia, a leader in decarbonizing the real estate sector, helped its clients cut 3.5 million metric tons of CO2, while Xurya’s rooftop solar energy solutions prevented over 1.1 million metric tons of CO2 emissions. Xurya has generated over 1.18 billion kWh of renewable energy through solar projects, helping to significantly reduce dependence on fossil fuels across Indonesia. ASTRO recycled over 166 tons of cardboard packaging in collaboration with local vendors, and Fore Coffee reduced its plastic bag usage by 77%, recycling nearly one ton of cups across its stores.

    Deloitte, which played a key role in guiding the development of the report, emphasised its importance as a tool for transparency and progress. Imelda M. Orbito, Director at PT Deloitte Konsultan Indonesia, and also serves as an expert in Sustainability and Climate Change said, “An Impact Report is more than just a set of metrics—it tells the story of an organisation’s journey toward positive transformation.

    As AC Ventures looks to the future, the firm remains committed to strong governance and advancing gender diversity within its investment strategy. Looking ahead, AC Ventures is focused on accelerating innovation, championing sustainable growth, and driving measurable impact across Southeast Asia.
    Download the full playbook via: https://acv.vc/resources/acv-impact-report-2024/

  • Funding Societies extends partnerships with CGC Digital

    Funding Societies extends partnerships with CGC Digital

    Modalku (Funding Societies), the largest unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia, has expanded its digital guarantee products in partnership with CGC Digital, the FinTech subsidiary of Credit Guarantee Corporation Malaysia Berhad, following the success of last year’s Proof of Concept programme on digital supply chain financing (DSCF).

    The expansion of the partnership marks a key milestone following CGC Digital’s investment in Funding Societies earlier this year. It represents a major step forward in providing critical support to Malaysia’s MSMEs, positioning them for greater success amidst a competitive and dynamic economy. Funding Societies together with CGC Digital have developed two new digital credit guarantee products: Digital Term Financing and Micro Credit Line. These products not only provide access to financing but also offer micro and small businesses profit rate savings of up to 2% per annum.

    In addition to Digital Term Financing and Micro Credit Line, Funding Societies and CGC Digital have expanded its DSCF programme to include a broader range of industries and suppliers with longer tenors, as part of the joint continuous effort to bridge the gap and address the challenges in micro and small businesses in accessing financing.

    As at publication, since the launch of the two new programmes in September, more than RM10 million has been disbursed, benefiting over 200 creditworthy micro and small enterprises. This further underscore both organisation’s commitment to fostering financial inclusion and growth for Malaysia’s MSMEs and validates the demand for such financing solutions among micro and small businesses.

    These initiatives align with the broader goal of focusing on inclusivity, digital growth, and sustainability, as well as enhancing MSMEs’ long-term resilience and competitiveness both domestically and internationally.

    Chai Kien Poon, Country Head of Funding Societies Malaysia, remarked, “This partnership with CGC Digital represents a shared vision of empowering underserved businesses in Malaysia. We are committed to creating a more inclusive financing ecosystem that supports the growth of micro and small businesses across Malaysia. By combining CGC Digital’s extensive expertise in credit enhancement with Funding Societies’ state-of-the-art digital financing platform, our digital financing solutions allow business owners to access the capital they need to expand, employ, and contribute to the economy enabling improved access to capital and fostering financial inclusion.”

    Yushida Husin, Chief Executive Officer, CGC Digital said, “I am delighted with the extended partnership, which has already made a profound impact on the financial accessibility for Malaysian MSMEs. This extension is a testament to our unwavering dedication to financial inclusion and product innovation. Furthermore, I am also excited for the expansion of our partnership, where we continue to push boundaries through product innovation. By breaking new ground, we are not just providing access to financing; we are enabling dreams and driving economic growth. Our joint efforts are paving the way for a future where every business has the opportunity to succeed and thrive”.

    MSMEs make up more than 97% of businesses in Malaysia, contribute 39% to Malaysia’s Gross Domestic Product (GDP) and employ a substantial portion of the workforce. However, these businesses are often constrained by limited access to financing options. By joining forces, Funding Societies and CGC Digital aim to strengthen the financial backbone of the Malaysian economy, fostering resilience and economic growth through improved access to capital.

  • Invest Johor’s Vision Unveiled

    Invest Johor sets its sights on a future where the state stands as a prominent global player, extending its economic reach beyond traditional sectors to embrace new frontiers that will shape the global economic landscape in the coming decade. The focus of these efforts spans a diverse array of industries, ranging from technology and innovation hubs to renewable energy, biotechnology, logistics, tourism, and smart city development. The strategic intent is clear – Johor aims to create an economic landscape that not only attracts global investments but also nurtures sustainable and inclusive growth within the state.

    In the realm of technology and innovation, Johor is positioning itself to become a hub that attracts investments in research and development, technology parks, and startup incubators. The global push towards sustainability is not lost on Johor, as it actively seeks investments in renewable energy, emphasizing solar, wind, and other green technologies as significant drivers of economic growth. With advancements in biotechnology and an ageing global population, investments in healthcare and biotech industries, including research facilities and pharmaceutical manufacturing, are gaining prominence.

    The rise of e-commerce has reshaped supply chain dynamics, and Johor, with its well-developed logistics networks, is poised to attract investments in efficient logistics and distribution centres. Additionally, the state’s strategic location and natural attractions make it an attractive destination for tourism and hospitality investments, including hotels, resorts, and infrastructure development to support the burgeoning tourism industry.

    Education and training facilities are not overlooked in Johor’s economic vision. Recognizing the long-term benefits of a skilled workforce, the state is actively investing in universities, vocational training centres, and programs that align with emerging industries. The concept of smart cities, integrating technology to enhance the quality of life for residents, is also part of Johor’s forward-thinking approach, focusing on sustainability, connectivity, and efficient resource management.

    As technology continues to reshape the financial industry globally, Johor is not lagging. Investments in financial services and fintech are seen as drivers of economic growth, encompassing the establishment of fintech hubs, support for startups, and the adoption of digital financial solutions. Sustainable agriculture practices and agribusiness investments are also part of Johor’s strategy for economic diversification, involving precision farming, agro-processing, and the development of agricultural technology.

    However, the success of these visionary investments depends on various factors, including government policies, infrastructure development, regulatory frameworks, and the ability to attract and retain talent. Johor recognizes the need to create an environment that fosters innovation, collaboration, and sustainable practices to ensure the realization of its economic aspirations.

    “The concept of Invest Johor is rooted in creating a dynamic economic landscape that not only attracts investors but also nurtures sustainable and inclusive growth in the state.”

    Beyond the strategic economic initiatives, Invest Johor is keenly focused on leveraging the state’s rich heritage. From a historical gateway to a modern economic powerhouse, Johor’s journey reflects resilience and adaptation. Invest Johor places a strong emphasis on strategic infrastructure development, enhancing transportation networks, logistics hubs, and technology parks to attract businesses involved in cutting-edge industries.

    Facilitating collaboration between industries and creating specialized clusters is another strategy to enhance competitiveness. The idea is to build ecosystems where companies, research institutions, and startups can collaborate and benefit from each other’s expertise. To attract investments in disruptive technologies, Invest Johor, in collaboration with MIDA, offers targeted incentives for companies involved in sectors such as biotechnology, information technology, and advanced manufacturing. These incentives may include tax breaks, grants, and other financial incentives to encourage businesses to establish and expand their operations in Johor.

    Talent development and retention play a crucial role in sustaining Johor’s economic momentum. Invest Johor collaborates with Unit Modal Insan Negeri Johor to focus on developing and retaining a skilled workforce. This involves collaborating with educational institutions to ensure that the local workforce is equipped with the necessary skills for emerging industries. The establishment of training programs and partnerships with universities and vocational schools is part of this long-term vision.

    Digital transformation is recognized as a key driver for staying at the forefront of economic development. Invest Johor supports businesses in adopting digital transformation strategies, including e-commerce, Industry 4.0 technologies, and smart city initiatives. This commitment to embracing digital technologies aligns with the global trend towards Industry 4.0 and the increasing reliance on digital solutions across various sectors.

    Sustainable development is a core principle guiding Invest Johor’s initiatives. The organization actively promotes sustainable practices in industries such as renewable energy, eco-tourism, and green infrastructure development. This commitment aligns with the region’s dedication to responsible and future-oriented economic growth. The emphasis on sustainability reflects a global shift towards environmentally conscious practices and resonates with investors who prioritize Environmental, Social, and Governance (ESG) factors in their decision-making.

    Invest Johor’s efforts extend beyond economic growth to actively engaging with the younger generation and entrepreneurs. The emphasis on attracting young talent and fostering a thriving millennial ecosystem is seen as a critical component of Johor’s economic strategy. Concrete examples of successful initiatives and stories showcase how the state leverages the dynamism of the youth to fuel economic growth and innovation.

    The responsible investor of today prioritizes ESG factors, and Invest Johor recognizes this shift. The organization takes measures to ensure that development in Johor is sustainable and environmentally responsible. This includes prioritizing green infrastructure development, supporting renewable energy initiatives, and ensuring compliance with environmental regulations. The role of investors in contributing to a green and equitable future is highlighted, encouraging them to be part of the sustainability journey in Johor.

    Johor’s embrace of disruptive technologies like AI and biotech positions it as an attractive destination for global tech giants and innovative startups. The article highlights some of the most exciting tech-driven projects or initiatives that are drawing attention from the global tech community. It also provides insights into how investors can contribute to building Johor’s tech ecosystem and harness its potential for future growth.

    The human element is not overlooked in this economic narrative. Real-life success stories of local entrepreneurs and foreign investors who found their dreams and profits in Johor are shared. These stories serve to resonate with readers, offering tangible examples of the opportunities and support provided by Invest Johor. The inclusion of investors’ testimonial videos adds a personal touch to the narrative, bringing the success stories to life.

    Invest Johor’s commitment to “Building a Better Johor Together” emphasizes active engagement with local communities. The organization recognizes the importance of inclusive and equitable growth, and this involves understanding the unique needs, challenges, and aspirations of the local community. The article provides insights into how investors can actively engage with local communities, building partnerships, measuring, and reporting impact, seeking input and feedback, and committing to long-term collaboration.

    To differentiate itself from other regional investment hubs like Singapore or Vietnam, Invest Johor leverages specific strengths, advantages, and strategic initiatives. The strategic location and connectivity of Johor, particularly its proximity to Singapore, provide a significant advantage. The focus on enhancing transportation and logistics infrastructure enhances connectivity and facilitates the movement of goods and people. Cost-competitiveness is highlighted as a key proposition, with lower operational costs compared to Singapore being an attractive factor for investors.

    Invest Johor further distinguishes itself through the development of special economic zones and industrial parks with tailored incentives for specific industries. The organization promotes a diversified approach, highlighting specific industries or sectors where Johor has a competitive advantage or is experiencing rapid growth. The focus on innovation and technology, with the promotion of research and development centres, technology parks, and partnerships with tech-focused organizations, positions Johor as a forward-thinking investment destination.

    “Johor’s economic strength lies in its strategic location, cost-competitiveness, and a diversified approach to industries. We envision a future where Johor stands out as a hub for innovation, sustainability, and vibrant economic activity, contributing significantly to Malaysia’s overall growth.”

    Sustainable development and a commitment to ESG factors are emphasized as differentiators for Johor. The integration of sustainable practices, including green infrastructure, renewable energy initiatives, and compliance with environmental regulations, aligns with the global trend towards responsible business practices. The ease of doing business and a supportive regulatory environment, along with a skilled workforce and education initiatives, are additional factors that contribute to Johor’s appeal as an investment destination.

    Looking ahead, Invest Johor envisions bold and audacious possibilities for Johor’s economic landscape in the next 5-10 years. While predicting the future is inherently challenging, envisioning transformative trends involves considering visionary scenarios. These include the emergence of Johor as a global innovation hub, a sustainable smart city with green infrastructure, a biotech and healthcare hub, a pioneer in renewable energy, a digital transformation epicentre, a global logistics and trade hub, a cultural and creative economy hub, and an integrated sustainable tourism destination.

    To prepare for disruptions and unexpected developments, Invest Johor outlines strategic measures to ensure adaptability and resilience. These include scenario planning, diversification of industries, maintaining an agile policy framework, investment in education and skills, international collaboration, digital infrastructure resilience, community engagement, environmental stewardship, crisis preparedness and response, and regular stakeholder consultation.

    Invest Johor’s vision for the future is comprehensive, spanning a diverse range of industries and focusing on sustainability, innovation, and inclusivity. The organization’s strategic initiatives and collaborative approach position Johor as a dynamic and forward-thinking investment destination. As the state navigates the complexities of a changing global landscape, Invest Johor remains committed to building a better future for Johor and contributing significantly to Malaysia’s overall economic growth.

  • Exploring the Ethics of Artificial Intelligence and Machine Learning

     

    Artificial Intelligence and Machine Learning (AI & ML) have continued to shape the future, making ethical considerations surrounding these technologies increasingly important. On November 8, 2023, the MFPC Virtual Platform (Hubilo) played host to the “Virtual Industry: Professionalism & Ethics Forum 2023,” centered around the theme “Ethical Considerations in Artificial Intelligence & Machine Learning.” This comprehensive event brought together renowned speakers, experts, and a thought-provoking roundtable discussion, providing invaluable insights into the evolving landscape of AI & ML ethics.

    Mr. Andy Ng Yen Heng, President of the Malaysian Financial Planning Council (MFPC), eloquently summed up the forum’s essence by stating, “I believe that our ‘Virtual Industry: Professionalism & Ethics Forum 2023’ has illuminated the path toward a future where Artificial Intelligence and Machine Learning thrive alongside human values and ethics, shaping a better world for all.”

    The forum commenced with an engaging session that delved into personal perspectives on AI & ML. Mr. Shamsul Izhan Abdul Majid, Chief Technology and Innovation Officer of the Malaysian Communications and Multimedia Commission (MCMC), a highly respected figure in the industry, shared his insights on how individuals perceive AI and ML. This session was an opportunity for attendees to explore and discuss their own understanding and perceptions of these transformative technologies during the subsequent Q&A.

    Following this, Mr. Ahmad Fairuz Ali, Head of Data Science at Bank Islam Malaysia Berhad, provided valuable insights into the corporate world’s experiences with AI & ML and the ethical challenges that have emerged. The ensuing Q&A session encouraged participants to delve deeper into the ethical solutions adopted by businesses to address these challenges.

    The third session featured Prof. Ts Dr. Yau Kok Lim, who took the virtual stage to discuss how humans and AI can coexist harmoniously. As a Professor at Universiti Tunku Abdul Rahman (UTAR), his academic perspective added depth to the crucial discussion on how to work together with Artificial Intelligence without humans being replaced. The Q&A session that followed allowed attendees to explore strategies for maintaining human relevance in an increasingly automated world.

    The Round Table session served as the forum’s centerpiece, with Mr. Raevendren Ramachandran, Co-Founder of Cashku, moderating a discussion that featured prominent industry leaders and experts. Panelists, including Mr. Desmond Foo, Director, Head of Data, Analytic, and AI at AIA Bhd, Mr. Goh Joon Koon, Head of IT for Malaysia and Singapore at Principal Malaysia, and Ms. Adilah Junid, Director of Legal & Government Affairs at Microsoft Malaysia, shared their real-world experiences, insights, and perspectives on the ethical considerations within their respective domains. This interactive session, followed by a Q&A, allowed participants to engage directly with the panelists, providing a deeper understanding of the practical aspects of AI & ML ethics.

    The forum concluded with closing remarks from Mr. S.K. Samy, Chairman of the Ethics and Compliance Board at the Malaysian Financial Planning Council (MFPC). His remarks underscored the critical importance of ethics in the implementation and deployment of AI & ML technologies, offering attendees valuable takeaways from this insightful event.

    In a rapidly evolving world where AI & ML continue to transform industries, this forum provided a deeper understanding of the ethical considerations necessary to navigate the ever-changing landscape. Participants had the opportunity to explore personal perspectives, corporate experiences, and strategies for harmonious collaboration between humans and AI, ensuring that these transformative technologies serve the greater good while upholding ethical standards.

  • 2023 Investor Day of icapital.biz Berhad (ICAP, 5108)

     

    icapital.biz Berhad’s annual Investor Day has long been a celebrated event in the financial world. With a strong commitment to empowering investors and fostering a better investing community, this year’s event promises to be nothing short of remarkable. The 2023 edition, scheduled to be the most innovative yet, brings together a lineup of accomplished speakers to share their insights and expertise.

    About the event

    To be held on Sunday, 5 November 2023 at the KL Convention Centre, the 2023 Investor Day of icapital.biz Berhad will feature three program tracks. Track 1 is for experienced investors and will include presentations from key management of public-listed companies including OCK Group, Unisem, Kelington Group, MKH, APM Automotive, Hibiscus Petroleum, and EUPE Corporation. A top finance lecturer from the University of Technology Sydney will present an independent assessment of  icapital.biz Berhad’s net asset value and share price performance in Track 1. Mr. Tan Teng Boo, the Designated Person of icapital.biz Berhad, who is also the visionary behind this only listed closed-end fund on Bursa Malaysia, will also present his longer-term investment outlook through a very rare integrated multi-sector case study under the title “Why Now is the Right Time to Invest in Malaysia”, which is also the theme of the 2023 Investor Day.

    Track 2, designed for would-be investors, will involve distinguished speakers discussing principles of compounding, stock-picking strategies, economic literacy, financial independence, and how to become a successful investor. To name some of the distinguished speakers: Dr. Selina Dang and Felix Neoh, both are licensed financial planners; Hann Liew, co-founder of Ringgitplus; Noor Amy Ismail, COO of MAVCAP; Lee Swee Lin, Forbes 30 under 30 Entrepreneur; and Capital Dynamics team of fund managers and analysts.Track 3 is the i Capital Talent Show, where talented university students will present creative performances. The event aims to educate the public about sound investing practices and promises to be a valuable and insightful experience for participants.

    The annual Investor Day of  icapital.biz Berhad is not merely an event; it’s a testament to the company’s commitment to empowering investors and fostering a better global community. This year’s edition, scheduled to be the most innovative yet, brings together a lineup of accomplished speakers who, through their insights and expertise, highlight the strengths and benefits of this remarkable event.

    Strengths and Benefits of 2023 Investor Day of icapital.biz Berhad

    Diverse Speaker Lineup

    The event boasts a diverse lineup of speakers, each representing a unique facet of the financial industry. From CEOs of thriving corporations to senior finance lecturers and industry experts, attendees gain insights from a wide spectrum of voices.

    Comprehensive Learning

    Investor Day offers a holistic view of investment-related topics. From understanding stock picks and market strategies to principles of compounding and economic literacy, participants receive a comprehensive education on investment.

    Panel Discussions

    Panels such as “Death by F.I.R.E.” (Financial Independence, Retire Early) and “All is Fair in Love and Career: How choosing a Career is Similar to Choosing a Spouse” offer well-rounded discussions, enabling participants to engage with experts and gain insights into how one should plan for their finance and career.

    About icapital.biz Berhad

    icapital.biz Berhad exists for one simple reason: to allow long-term shareholders, or, as they are more aptly called, share owners, to benefit from value investing and to allow the power of compounding to work for investors. There are presently more than 3,200 share owners.  icapital.biz Berhad has been consistently outperforming Bursa Malaysia, even during turbulent times. Since its inception in 2005 with an asset size of RM140 million, its net asset value (NAV) has grown to RM497 million as of October 18, 2023.

    icapital.biz Berhad  is the only closed-end fund listed on Bursa Malaysia. It is managed by Capital Dynamics Asset Management Sdn Bhd, a licensed fund manager, and advised by Capital Dynamics Sdn Bhd, Malaysia’s first independent investment adviser. Capital Dynamics is well known for its superior investment performance based on its famous “Intelligently Eclectic” value investing philosophy. As a result of its consistent superior performance and sound investment philosophy, Capital Dynamics has gained a large following of investors.

    Investor Day is an extension of this commitment. It serves as a platform to share knowledge and empower individuals with the right attitude in business, investment, and life. Through this event, Mr. Tan and  icapital.biz Berhad aim to make Malaysia and the world a better place, one informed investor at a time.

    In conclusion, 2023 Investor Day is not just about investment education; it’s about empowerment and a commitment to fostering a better global community. The event’s strengths and benefits, coupled with the insights into  icapital.biz Berhad and its team, exemplify the company’s vision of making the world a better place through education and values. It’s an opportunity to learn, connect, and be part of a movement dedicated to creating a brighter future through informed investment decisions.

    For more information and to register for the 2023 Investor Day of icapital.biz Berhad, visit https://events.icapital.biz/landing-page/2023-investor-day-of-icapitalbiz-berhad/

     

  • Cradle Circle: Bridging Visionary Startups and Investors in Second Series Event

    The second series of Cradle Circle, hosted by Cradle Fund Sdn Bhd (Cradle), witnessed a vibrant convergence of more than 180 startups, investors, and venture capitalists. This annual event was meticulously designed to serve as a dynamic platform for budding founders to pitch their ideas, while also acting as a nexus for potential investors and key stakeholders within the startup sphere to forge connections and exchange invaluable insights.

    Norman Matthieu Vanhaecke, the Acting Group CEO of Cradle, underlined the event’s overarching goal, emphasizing its dual role in facilitating pitching sessions and cultivating a collaborative atmosphere that fosters networking and synergy among diverse stakeholders. Beyond the stage of pitching, Cradle Circle also extends its nurturing embrace to empower startups in presenting their innovative business solutions. The event additionally availed startups the invaluable opportunity to glean wisdom from seasoned industry experts.

    The inaugural session, spearheaded by Cradle’s Legal team, bore the title “From Legal Limbo to Investor Bingo: Cracking the Code for Startup Success.” It delved into the intricate challenges that startups grapple with in areas spanning funding, regulatory compliance, and investor engagement. The session not only shed light on these hurdles but also provided a comprehensive roadmap to navigate these complexities and optimize fundraising endeavours. The second session, aptly named ‘Failures among Startups’, witnessed the participation of startup founders who candidly shared their personal entrepreneurial journeys, encompassing experiences and obstacles overcome.

    “Cradle Circle epitomizes an exceptional conduit for startups to unveil their products within a collaborative and hospitable ambiance, thereby nurturing growth and nurturing nascent concepts,” elaborated Norman. “We anticipate this event to wield the potency of a potent growth catalyst, connecting businesses with the contacts and recommendations imperative for thriving in today’s fiercely competitive business arena.”

    Juliana Jan, the Senior Vice President of Grant and Investment at Cradle, expressed deep gratitude for the overwhelming support and engagement witnessed during the second iteration of Cradle Circle. This year’s event served as a catalytic force for fostering more profound collaborations across diverse stakeholders within the startup ecosystem—a mission resonating with Cradle’s core objective of fostering robust relationships and dismantling obstacles that frequently beset startups.

    “We take immense delight in witnessing the tangible positive influence that this event has imprinted on participating entrepreneurs. By facilitating fundraising pitches alongside access to legal and HR counsel, we aim to fortify the vibrant startup community further. Anticipating the next round of Cradle Circle, we eagerly look forward to enriching this experience with more empowering initiatives,” Juliana affirmed.

    Participating in the pitching session were ten dynamic startups: Heytech Sdn Bhd, ACS Pentas (Asia) Sdn Bhd, ODESI ECOB Sdn Bhd, Nonivasi Care Sdn Bhd, Pandai Education Sdn Bhd, Valuing IP Sdn Bhd, BlueDuck Sdn Bhd, Life Origin Sdn Bhd, CoKeeps Sdn Bhd, and SpaceIn Sdn Bhd.

    Buoyed by the triumph of the second edition, Cradle pledges to steadfastly continue its commitment to steering the next generation of startups onto the path of success. With a holistic approach, Cradle remains dedicated to offering indispensable guidance and mentorship, nurturing the growth and resilience of these aspiring ventures.

    For more insights into Cradle and its avenue for funding, startups and ecosystem participants are encouraged to visit www.cradle.com.my

  • MDDA Celebrates 30 Years of Industry Excellence

    The Malaysian Direct Distribution Association (MDDA) marked its 30th anniversary recently with a gala dinner held at EQ Hotel, Kuala Lumpur. Datuk Azman Mohd Yusof, Secretary General from the Ministry of Domestic Trade and Cost of Living (KPDN) kicked off the event with opening remarks and the gala dinner was attended by leading industry players and delegates from Direct Distribution Associations regionally.

    In his opening speech, Datuk Azman Mohd Yusof congratulated MDDA on their milestone and lauded the association for its various achievements throughout the years.

    “MDDA holds a crucial position in Malaysia’s direct selling industry, playing a vital role in its growth and development,” said Datuk Azman.

    He added that through extensive training programs and knowledge-sharing platforms, MDDA has empowered individuals and businesses, fostered innovation and improved the skills of many direct selling industry players.

    MDDA’S commitment to professionalism, adherence to high standards, and efforts in promoting ethical practices and transparency has elevated the industry’s reputation. Even amidst the challenges of the COVID-19 pandemic, the direct selling industry in Malaysia has shown resilience, he said.

    According to Dato Sri Dr. Barani Karunakaran, President of MDDA, the association has embarked on a determined course to become the top direct selling association in the country, setting its sights on solidifying Malaysia’s position on the global stage of the direct selling industry.

    He said that MDDA’s ambitious plan aligns with the surge of revenue from the direct selling industry in Malaysia valued at RM25 billion in 2020 to RM27 billion in 2021, signalling a strategic shift toward this growing business model globally. The initiative is expected to generate substantial economic benefits, increase the country’s Gross Domestic Product (GDP), promote entrepreneurial growth, and create significant regional job opportunities.

    Since its establishment in 1993, MDDA has grown to include 105 member companies, fostering a close relationship with KPDN in addressing industry challenges. The association has been actively amending the Direct Sales and Anti-Pyramid Scheme Act 1993 and resolving unauthorised selling and price markdowns on third-party platforms. MDDA is also continuously working together with KPDN enforcement team on eradicating issues in the Direct Selling Industry like the get-rich-quick schemes, money games and pyramid schemes by educating the public through its series of MDDA Straight Talk in Malay, English and Mandarin. Panels including industry leaders, KPDN officials and Royal Malaysia Police (RMP).

    The event also saw the signing of the Regional Association Memorandum of Understanding (MoU) between MDDA, AP2LI Indonesia, and FDSA India. The MoU signifies a collaborative effort to strengthen the direct selling industry across the region. Dato Sri Dr. Barani Karunakaran, MDDA President, Mr. Andrew Susanto (AP2LI), and Mr. A P Reddy (FDSA) represented their respective organisations during the signing ceremony. The memorandum of understanding (MoU) will assist all MDDA members in expanding their markets globally and promoting Malaysian products in the global market.

    In addition, MDDA presented the MDDA Intrapreneur Program, endorsed by the Direct Selling Unit of KPDN. The program aims to enhance professionalism in the direct selling sector and is claimable under the Human Resources Development Fund (HRDF). Certificates were handed over to 20 recipients, acknowledging their participation in the program.

    The gala dinner included the presentation of various awards, honouring companies that have demonstrated excellence, innovation, and social responsibility. Among the winners were Meganet4U Sdn Bhd, ShoppyMore Global Sdn Bhd, GMJ Konsortium Sdn Bhd, VKids Trend Sdn Bhd, Destina 1 International Sdn Bhd, M-Plan Sdn Bhd, Melilea (M) Sdn Bhd, Asia MLM Solutions Sdn Bhd, Bio-Science Marketing Sdn Bhd, Jeunesse Global Sdn Bhd, Netturul Resources Sdn Bhd, Era Edar Marketing Sdn Bhd and RCC Worldwide (M) Sdn. Bhd.

    The MDDA 30th Anniversary Gala Dinner provided an ideal platform to honour achievements, strengthen industry alliances, and set the stage for a promising future in the direct selling sector. As MDDA continues to champion professionalism and excellence, the industry can anticipate even greater advancements in the years ahead.

  • DNA Mapping, A Revolutionary Medical Breakthrough

    DNA Mapping, also known as DNA sequencing or genetic profiling, can provide actionable insights and help individuals identify genetic predispositions to certain diseases and health risks and to take proactive steps towards prevention. With that, Dyna Medical has introduced DynaDNA, Malaysia’s microarray technology DNA test kits, and Dyna App, a free-to-use digital gateway to improving users’ health and knowledge.

    The DynaDNA test kit is a DNA test kit that is fully made in Malaysia. With just a simple saliva sample, over 500 genetic tests can be accurately conductes producing results for over 150 traits across 10 separate profiles, including those for heart and vascular health, genetic health conditions and disorders, brain conditions, and allergies and food sensitivity.

    Mr. Martin Low Wink Keng, managing director of Dyna Medical, emphasised that by making DNA test kits more accessible, individuals will be empowered to make informed decisions about their own health and wellbeing. He gave the example of those who are concerned by the possibility of genetic diseases, such as thalassemia. A DNA test can make them aware of their risk of inheriting those diseases and allow them to make any necessary preparations or lifestyle changes.

    He also spoke on the benefits of DynaApp, an integrated wellness platform that puts the power of personalised healthcare in the individual’s hands.

    The free-to-use digital platform lets users view their DNA test kit results instantly, and at their convenience, allow users to book a consultation with qualified DynaDNA-partnered health professionals to explore their test results or to plan the next step of their health journey. Users can also purchase health and wellness products through the app’s built-in e-commerce feature.

    Future developments for the app include access to a range of wellness services, including spa treatments and facials, as well as travel packages to notable wellness retreats. By making these products and services readily available to users, DynaApp is committed to understanding and addressing their unique needs and concerns and aims to help them achieve a healthy and holistic lifestyle.

    Digital content creator and mother of three Iman Azman shared about her experience using the DynaDNA test kit at the launch. Also present was Dr. Hans Jeffry, a Dyna Medical medical product specialist, where he explained how DNA genetic profiling is able to provide actionable insights for one to take preventive measures for his or her own health and wellbeing.

    It is Dyna Medical’s commitment to addressing the unique needs and concerns of the wellness community that has led the company to partner with KL Wellness City to host the launch of DynaDNA and Dyna App. As Southeast Asia’s first 360-degree wellness hub, KL Wellness City is a fully integrated township built around the concepts of medical care, healthcare, wellness and fitness, and shares in the principles of prioritising personal health knowledge.

  • Thomson Ushers In New Treatment for Spinal Muscular Atrophy

    Thomson Hospital Kota Damansara (THKD), the flagship hospital of TMC Life Sciences Berhad has become the first hospital in Southeast Asia to administer Spinraza, a US Food and Drug Administration (FDA)-approved treatment for Spinal Muscular Atrophy. The recipient of the treatment is a 5-year-old Sarawakian child, who has been diagnosed with SMA since birth.

    This first initiative is part of THKD’s collaborative CSR program with ‘One Hope Charity & Welfare’ to provide treatment for a period of two years. The procedure was performed by consultant paediatric anaesthesiologist Dr Foo Sze Yuen in the presence of consultant paediatrician & paediatric neurologist Dr Sangita Dharshini Terumalay.

    Dr Sivakumaran Jayaram, chief operating officer (Clinical) of THKD (fourth from left); Dr Foo Sze Yuen, consultant pediatric anaesthesiologist (fifth from left)

    THKD CEO Nadiah Wan has said that THKD is proud to be at the forefront of this advancement in paediatric care. As TMC Life Sciences Berhad is a leading women and children’s healthcare group, THKD is dedicated to achieving new milestones in paediatric and women’s health, as demonstrated in their commitment as a participating hospital in the MySpin Patient Assistance Programme for SMA patients.

    “The administration of intrathecal Spinraza is a testament to our pursuit of excellence, in line with our focus on women and children services as we move into more paediatric sub-specialties. With Spinraza, we can significantly improve the quality of life for children battling SMA. Its introduction into our treatment protocols empowers us to deliver even more targeted and effective care, elevating the standard of paediatric medicine and instilling hope in families facing this challenging genetic disorder. It is also a manifestation of our vision of helping people lead healthier lives by making healthcare accessible, accountable and sustainable.”

    Dr Sangita said the administering of Spinraza in the hospital ushers in a new era of hope and enhanced care for children. “My primary objective as a paediatrician is to ensure the well-being and recovery of every child entrusted to our care. This certainly represents a milestone in paediatric medicine, offering an effective treatment that will positively impact the lives of affected children.”

    Spinraza received US FDA approval in 2016 after a series of trials that showed meaningful benefits in seven clinical trials involving infants and children with SMA, thus becoming the first approved therapy for paediatric and adult patients with SMA. It is administered via injection into the fluid surrounding the spinal cord by a physician with SMA experience. Spinraza works as a disease modifying treatment that targets the underlying cause of muscle weakness in SMA – the Survival Motor Neuron (SMN) protein (Source: National Institute of Neurological Disorders and Stroke).

    SMA is an inherited neurological genetic disorder that affects the central nervous system causing the nerve cells in the spinal cord and brainstem not to work properly. It impacts individuals across a range of ages, from infants and children to teens and adults, and with varying levels of severity. It is estimated that one in every 10,000 births worldwide is diagnosed with SMA, an inherited disease, and around one in every 40-50 people globally are carriers of the mutated gene (Source: Spinal Muscular Atrophy: Mutations, Testing, and Clinical Relevance).

  • Authority Institute’s Maverick Foo named Vistage Malaysia’s Speaker of the Year

    Authority Institute’s co-founder and chief marketing strategist Maverick Foo was recently awarded Vistage Malaysia’s Speaker of the Year 2022 —empowering him to join a pantheon of exceptional speakers to have made an impact on Malaysian businesses.

    At the recent Vistage CEO Summit 2023 held at the One World Hotel in Petaling Jaya, Foo was recognised as a thought leader, like past awardees, who shared vital insights about topics they have cultivated a passion for and developed considerable expertise about.

    Maverick Foo, Speaker of the Year 2022.

    “I am proud to have received this accolade on behalf of Authority Institute. It gives our institution a new boost and the confidence that we’re on the right track,” Foo said. He explained that his firm focuses on providing marketing and business growth consulting to small and medium enterprises.

    In his journey to this achievement, Foo worked on focusing to help Vistage Malaysia’s members understand the significance of developing a comprehensive strategy to capture the attention and interest of target customers in their businesses.

    “It’s what we call a Customer Attraction Game Plan and this was the winning ticket to being awarded Speaker of the Year, alongside being judged on my performance, community involvement and lifetime achievements,” he added.

    Speakers of the Year awardees are invited to speak at Vistage meetings for at least two consecutive years and are scheduled to give a minimum of 30 presentations to Vintage groups. The audience rate speakers after each presentation. Typically, speakers must aim for an average score of at least 8.5 out of 10 in content and delivery, to be considered for the title.

    Foo presented at 37 sessions to a total of 32 groups and earned an average score of 8.8 for content and 8.9 for delivery. He was also subjected to vetting by a panel of Vistage staff members who judged his demonstration of Vistage’s core values of trust, caring, challenge, and growth.

    “Vistage Malaysia uses the Speaker of the Year Award to recognise individuals who bring significant value to our members. Awardees consistently deliver high-quality, relevant, actionable content, and they represent a model for all Vistage speakers,” the organisation notes.

    Authority Institute is the embodiment of consultants and trainers backed by a 40-year cumulative industry experience thus guaranteeing the best possible outcome and most relevant knowledge transfer to its clientele.

    “Our uniqueness is emphasised by our capability to complement the training and consulting with signature solution frameworks and software tools. I can say, globally, that no other training and consulting company will deliver training that leaves practical frameworks that can be embedded into an organisation’s business.

    “This is followed by post-training coaching programmes that provide practical means to apply all you’ve learned to your everyday business activities,” he said, adding that Authority Institute’s approach to strategic marketing is characterised by focusing on market orientation, customer needs, and value articulation.

    This includes identifying new opportunities and ways to refine existing offerings; identifying ways to serve customers better while targeting new segments; assessing current market fundamentals, and identifying opportunities within and externally.

    “We also look to identify competitive weaknesses to exploit and look to help you gain lasting competitive advantage in your market. Authority Institute also determines ways for businesses to improve operationally, and assess potential new opportunities to boost sales and profits.

    “Authority Institute is always open to collaborating with firms and working towards achieving success across the board,” Foo said.