Category: News & Events

Bursa Malaysia (“Exchange”) signed a Memorandum of Collaboration (“MOC”) with PETRONAS to help drive environmental, social, and corporate governance (ESG) adoption and practices through Bursa Malaysia’s Centralised Sustainability Intelligence Platform (“Platform”). Working in collaboration with the London Stock Exchange Group (“LSEG”), Bursa Malaysia is developing and testing the Platform which can allow corporates and their listed or non-listed suppliers, both domestically and internationally, to calculate their carbon emissions impact and disclose standardised, common ESG data.

The purpose of this Platform is to ease companies in their sustainability disclosures and encourage effective management of their carbon emissions, including those from their supply chain, while facilitating decarbonisation through banks’ green financing products and services.

With the formalisation, PETRONAS would be participating in the Early Adopter Programme (“EAP”) of the Platform to advocate standardised ESG reporting and disclosures while exploring creation of further value throughout its supply chain. Participation in the Platform is envisaged to further reinforce adoption among Malaysian companies through improved ESG data transparency and interoperability.

PETRONAS will continue to leverage technology and digital to accelerate ESG adoption and readiness across its supply chain to ensure sustainable operational and commercial excellence. These efforts shall be supported by University Teknologi PETRONAS with its fundamental research and academic exchanges.

The MOC was signed by Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa Malaysia and Datuk Tengku Muhammad Taufik, President and Group Chief Executive Officer of PETRONAS and witnessed by Wong Chiun Chiek, Director, Bursa Intelligence and Aadrin Azly, Vice President of Group Technology and Commercialisation, PETRONAS.

Datuk Muhamad Umar Swift said, “I applaud PETRONAS, being custodian of Malaysia’s natural oil and gas reserves, in raising the bar to promote sustainable practices in the energy sector. The Centralised Sustainability Intelligence Platform deployed for the collaboration is intended to facilitate and ease PETRONAS’ decarbonisation efforts across its supply chain. We encourage other industry captains, particularly those with significant stakes in the global supply chain, to also tap into this avenue and take the helm for change within their respective verticals.”

Datuk Tengku Muhammad Taufik said, “PETRONAS strongly believes that a just and responsible energy transition can only be achieved when stakeholders within and across sectors work together. Critically, partnerships with forward-looking entities like Bursa Malaysia will offer a valuable avenue for the entire OGSE sector to further embrace and strengthen ESG compliance for operational improvements. This is increasingly unavoidable to preserve a license to operate in a rapidly transforming energy landscape. Amidst an ever-intensifying push for a lower-carbon future, PETRONAS is determined to continue advocating good governance and transparency among the oil and gas players towards becoming a trusted ESG partner to deliver energy responsibly in a secure, affordable and sustainable manner.”

Datuk Muhamad Umar Swift added, “Bursa Malaysia is also delighted to have CIMB Group on board for this initiative, continuing our partnership with them under the #financing4ESG programme since May 2022. As part of this collaboration, CIMB Group will offer sustainable supply chain financial solutions to help businesses in PETRONAS’ supply chain adopt low carbon and sustainable practices.”

This follows the recent signing of Bursa Malaysia’s Memorandum of Collaboration with UMW Corporation Sdn Bhd and Malayan Banking Berhad.

About Bursa Malaysia

Bursa Malaysia is an exchange holding company incorporated in 1976 and listed in 2005, and has grown to be one of the largest bourses in ASEAN today. Bursa Malaysia operates and regulates a fully-integrated exchange offering a comprehensive range of exchange-related facilities, and is committed to Creating Opportunities, Growing Value. Learn more at www.bursamalaysia.com.

About PETRONAS

We are a dynamic global energy group with presence in over 50 countries. We produce and deliver energy and solutions that power society’s progress in a responsible and sustainable manner. We seek energy potential across the globe, optimising value through our integrated business model. Our portfolio includes cleaner conventional and renewable resources and a ready range of advanced products and adaptive solutions. Sustainability is at the core of what we do as we harness the good in energy to elevate and enrich lives. People are our strength and partners for growth, driving our passion for innovation to progress towards the future of energy sustainability.

Iverson Associates Sdn Bhd has been awarded the 2022 Microsoft Malaysia Learning Partner of the Year for excelling beyond its peers in the delivery of high-quality customer experience and high-impact Microsoft training solutions in Malaysia.

Iverson, established in 1994, was also recognised for demonstrating an entrepreneurial spirit and sales excellence contributing towards Microsoft Malaysia’s business in the 2022 financial year.

“We are proud to be awarded this accolade which recognises our innovative and transformative approaches in overcoming adversity, and our ability to drive training and adoption of Microsoft Cloud technology,” said Dr Yap Chee Sing, Managing Director of Iverson Associates Sdn Bhd.

Iverson Associates takes pride in playing a leading role in the business ecosystem by transferring the latest technologies to government, business organisations, and individuals, helping them to upgrade their IT skills and gain competitive advantage in the digital era.

“Iverson will continue to champion continuous and accessible learning just as we have been doing for the past 29 years,” he adds.

“Building on our solid foundations and strong track records, we plan to continue expanding our product range and geographical reach to become a leading regional training provider,” Dr Yap said.

The firm is known for its collaboration with several government agencies to upskill the Malaysian workforce including the Human Resources Development (HRD) Corporation and the Malaysian Digital Economy Corporation. It offers a wide range of training courses like data science, artificial intelligence, machine learning, blockchain, cloud computing, project management and cybersecurity, amongst others.

“We believe our partners make more possible,” said Sara Lua, General Manager of Global Partner Solutions, Microsoft Malaysia. “The Microsoft Malaysia Partner Awards 2022 recognizes organizations that demonstrate digital transformation excellence and innovation based on Microsoft technology. As a learning partner, Iverson delivers digital skills and training to our customers and the partner ecosystem, which contributes to Microsoft’s pledge of skilling 1 million Malaysians by the end of 2023.”

“This current award is the latest won by Iverson. In recent years, we have bagged awards from other top IT vendors like AWS, IBM, Red Hat and Citrix, as well as from HRD Corporation. This win does not mean we will rest on our laurels; to the contrary, it will drive us to work harder to achieve greater heights,” Dr Yap adds.

More information on Iverson Associates and its offering can be found on https://www.iverson.com.my or contact 03-77262678 to find out more.

About Iverson Associates Sdn Bhd

Iverson Associates Sdn Bhd is the leader in professional IT training in Malaysia. Established in 1994, Iverson is the authorised training partner for the world’s leading IT vendors such as Microsoft, AWS, Red Hat, SAP, Salesforce, Citrix, Cloudera, EC-Council, Dell-EMC, Project Management Institute, etc. Iverson has more than 60 full-time staff in Malaysia and 3 training centres in Kuala Lumpur, Petaling Jaya and Penang. It also has a subsidiary in Bangkok, Thailand with 15 full-time staff. With 37 fully equipped, 500-seat capacity training rooms, a large pool of certified trainers, and well-designed courseware, Iverson has the capability and flexibility to provide training solutions to meet the requirements of the most demanding customers. For more information, visit www.iverson.com.my

The Greening Value Chain Programme (GVC) has been successfully rolled out by Kossan Rubber Industries (“KOSSAN”) together with its climate solutions partner, Pantas Software (“PANTAS”). This programme was previously launched by Bank Negara Malaysian (“BNM”) in conjunction with the Finance Day at COP-27, in Egypt^[1]. The event was held in attendance of Suhaimi Ali (Assistant Governor of Bank Negara Malaysia), Tan Sri Dato’ Lim Kuang Sia (Group Managing Director & CEO of Kossan Rubber Industries Berhad) and Max Lee (Chief Executive Officer, Pantas Software Sdn Bhd).

The programme aims to assist and incentivise carbon emission management among KOSSAN’s small medium enterprise (SME) suppliers, making them the strategic SME suppliers of KOSSAN. This programme enables these suppliers to access BNM’s Low Carbon Transition Facility (LCTF) of RM2 billion to fund SMEs’ working capital or capital expenditures related to low-carbon practices at an affordable rate.

To achieve this, PANTAS, a Malaysia-based climate-tech solution, will assist the SMEs to begin measuring GHG emissions and report on sustainability indicators in a consistent and efficient manner to help achieve national carbon reduction targets. The SMEs will receive free access to carbon accounting software solutions developed by PANTAS along with training and consultation services provided by GVC service provider partners such as Malaysia Green Technology and Climate Change Corporation (“MGTC”), Credit Guarantee Corporation Malaysia Berhad (“CGC”), British Standards Institution (“BSI”), and AmBank Berhad (“AmBank”) to kickstart their carbon management journey. The programme is supported by the Joint Committee of Climate Change (“JC3”) which is co-chaired by BNM and Securities Commission Malaysia.

As Tan Sri Dato’ Lim Kuang Sia, Group Managing Director and CEO of KOSSAN said in his speech, “This programme is a great representation of KOSSAN’s values. As part of KOSSAN’s L.I.V.E Sustainability Policy, we believe that to succeed in our sustainability journey, we need to strengthen our partnership and collaboration. This programme is a win-win-win relationship for our suppliers and KOSSAN, which also benefits the environment. This is one example of our commitment to creating shared values with our partners because we believe that our sustainability journey is a path to take together”.

PANTAS CEO and Co-founder, Max Lee stated, “We believe that an integrated software solution, relevant training and awareness are essential to get SMEs onboard KOSSAN’s sustainability efforts to ensure a just transition. Apart from assisting SMEs in measuring and disclosing the relevant climate data, PANTAS will also work with partners to help SMEs set and achieve carbon reduction targets.”

Following the GVC programme rollout, PANTAS and the selected service provider partners will hold regional training sessions to equip SME suppliers with valuable insights into climate change, including the importance and methods of carbon management and reporting. Additionally, SMEs will gain an in-depth understanding of the assurance process and access to climate-related financing products. The first training session will be held on March 21st, 2023 in Lanai Kijang, Kuala Lumpur.

Tan Sri Dato’ Lim Kuang Sia, Group Managing Director and Chief Executive Officer of Kossan Rubber Industries Bhd., said in his speech, “This programme is a win-win-win relationship for our strategic suppliers and KOSSAN, which also benefits the environment.”

Max Lee, Chief Executive Officer of Pantas Software Sdn. Bhd., said in his speech, “We believe that an integrated software solution, relevant training and awareness are essential to get SMEs onboard KOSSAN’s sustainability efforts to ensure a just transition.”

About GVC Programme

The GVC programme is an initiative by Bank Negara Malaysia together with the GVC strategic partners, which was announced at the COP-27 conference in Egypt in conjunction with Finance Day on 9 November 2022. The programme is envisaged to help SMEs begin their journey in sustainability reporting, to tackle climate change and reduce the nation’s carbon footprint. This programme incentivises and assists Malaysian SMEs in implementing impactful, long-term change to green their operations and benefit from the technical advisories and software tools from services provider partners and climate transition financing from the Low Carbon Transition Facility (LCTF) by Bank Negara Malaysia. Climate change is one of the biggest challenges facing our planet, and GVC strategic partners remain committed to doing its part in addressing this global crisis.

About KOSSAN

KOSSAN is one of the largest manufacturers of disposable gloves in the world and one of the largest technical rubber product manufacturers in Malaysia. With its long-term sustainable growth model, KOSSAN continues to forge solid partnerships and strategic client relations and remains committed to serving the needs, particularly of the healthcare, cleanroom and safety sectors for the Gloves division, and in industries such as automotive, infrastructure, marine, aviation, rail and mining for the Technical Rubber Products division.

For more information on KOSSAN and our products, please visit www.kossan.com.my

About Pantas

Pantas Software is a Malaysian climate-tech startup that provides companies with end-to-end climate solutions to calculate, manage and disclose their carbon emissions. The proprietary AI-enabled software includes a customised climate data collection tool, along with error detection and prevention features to produce an actionable climate plan based on international standards. Pantas also provides financial institutions and institutional investors with climate due diligence solutions to manage climate investment risk.

For more information on Pantas’ platform and services, please visit www.pantas.com

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^[1] https://www.bnm.gov.my/-/cop27-gvc-lctf

Kenanga Investors Berhad (“Kenanga Investors”) has received five awards at the 2023 Best of the Best Awards by Hong Kong-based Asia Asset Management (“Awards”). The company was recognized for its exceptional performance in a number of categories, solidifying its position as a leading player in the industry.

Kenanga Investors received the following awards:

• Malaysia Best Impact Investing Manager
• Malaysia Best Equity Manager
• Malaysia Most Improved Fund House
• Malaysia Best House for Alternatives

In addition, Executive Director and Chief Executive Officer Datuk Wira Ismitz Matthew De Alwis was named Malaysia CEO of the Year, marking this the fourth year that he has received this prestigious award.

The firm excelled against a backdrop of reduced trading activities and prolonged turmoil due to a degree of volatility over the last two years to win the Best Impact Investing Manager and Best Equity Manager titles once more. “Our long-standing investment strategy of bottom-up stock picking ensures that we select quality companies with robust financial fundamentals. Ultimately, a sustainable company is one that produces strong results when measured using traditional financial measures as well as ESG considerations”, says Datuk Wira De Alwis.

This year also marks the fourth year that the fund house has been awarded Best House for Alternatives. Datuk Wira De Alwis explains that the firm’s overarching investment philosophy dictates that differing investment objectives require tailored solutions that cater to the unique needs of each investor. “We are pleased to be recognised for our efforts in providing our clients with a diversified investment portfolio that offers opportunities for long-term capital growth and stability. We are confident that our position within the alternative space continues to provide immeasurable value to our investors, enabling both retail and institutional investors to capture market opportunities in a volatile environment especially when the pandemic, coupled with the unrest in Europe, has accelerated the need for technological advances”, he says.

The fund house’s focus on diversification and sustainability is further demonstrated by the expansion of the Kenanga Sustainability Series, a suite of multi-asset class products, first introduced in 2021, which are rooted in sustainability considerations to advance long-term financial growth and to generate social financial value for surrounding communities. “In line with this, we aim to continue meeting the diverse demands of our investors by focusing on offering wealth protection solutions, such as insurance and private trust, to help preserve and grow investors’ wealth”, says Datuk Wira De Alwis.

On its win as Most Improved Fund House this year, he explains “Our ascent to being recognized as one of the leading asset and wealth management firms in the industry is the result of a well-executed approach that combined strategic acquisitions and product expansions with a focus on cost-saving initiatives”. The fund house leveraged existing resources and grew its distribution network as part of its multi-product and multi-segment strategy which has driven customer satisfaction and loyalty as well as robust growth in its assets under administration.

The Malaysia Best Impact Investing Manager award recognises a firm’s success in deploying impact investing strategies in either public or private markets to generate positive, measurable social and environmental impact alongside sustainable financial returns.

The Malaysia Best Equity Manager award is in recognition of the success of the fund house’s equity products within Malaysia’s domestic market given the challenging trading conditions and its abilities in capturing potential growth opportunities.

The Malaysia CEO of the Year award is in recognition of the CEO’s overall achievements, performance of funds, increase of assets under management and their demonstration of leadership in the market.

The Malaysia Best House for Alternatives award recognises the firm’s achievements in growing the alternatives market, its performance record and its growth in client base.

The Malaysia Most Improved Fund House award recognises a manager’s strong financial performance by growth in revenues and profits in the past two years.

AAM is the world’s longest-running publication focused on Asia’s institutional asset management and pension fund industry. Its Best of The Best Awards recognises the finest performers in Asia from financial services companies and institutional investors to service providers whose influence and excellence expands beyond borders.

For more information about Kenanga Investors, please visit www.kenangainvestors.com.my

About Kenanga Investors Berhad 199501024358 (353563-P)

We provide investment solutions ranging from collective investment schemes, portfolio management services, and alternative investments for retail, corporate, institutional, and high net worth clients via a multi-distribution network.

The Hong Kong-based Asia Asset Management’s 2023 Best of the Best Awards awarded KIB under the following categories, Malaysia Best Impact Investing Manager, Malaysia Best Equity Manager, Malaysia CEO of the Year, Malaysia Best House for Alternatives and Malaysia Most Improved Fund House.

The Kenanga Growth Fund Series 2 won Best Malaysia Large-Cap Equity Fund at the 2022 Morningstar Awards Malaysia.

At the Refinitiv Lipper Fund Awards Malaysia 2022, KIB won overall best Mixed Assets – Malaysia Pension Funds Group award for the third time. Accompanying this were individual fund wins awarded to:

• Kenanga Growth Fund for best Equity Malaysia Fund over 10 Years
• Kenanga Malaysian Inc Fund for best Equity Malaysia Diversified over 3 Years
• Kenanga Growth Opportunities Fund for best Equity Malaysia Small & Mid Cap over 5 Years
• Kenanga Diversified Fund for best Mixed Asset MYR Flexible over 10 Years

Additionally, the FSMOne Recommended Unit Trusts Awards 2022/2023 named Kenanga Growth Fund Series 2 as “Sector Equity – Malaysia Focused” and Kenanga Shariah Growth Opportunities Fund as “Sector Equity – Malaysia Small to Medium Companies (Islamic)”.

The Asset Benchmark Research has ranked KIB as Highly Commended on its list of ‘Top Investment Houses’ in the Asian Local Currency Bond Awards for Asset Managers.

At the United Nations Global Compact Network Malaysia & Brunei (“UNGCMYB”) Sustainability Performance Awards 2022, we received the “Sustainable Products” award for our launch of sustainable products, which cover the Kenanga Sustainability Series – a suite of multi-asset class products rooted in sustainability considerations to advance long-term financial growth for investors and to generate social and financial value for surrounding communities. The award also recognised the first SRI-qualified high yield bond fund in Malaysia, the Kenanga Sustainability Series: High Yield Bond Fund.

For the sixth consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company’s well-established investment processes and sound risk management practices. During the first half of 2021, KIB’s 20 largest unit trust funds outperformed its benchmarks for the one-year, three-year and five-year periods

Malaysia Gold Association (MGA) has organised and hosted the first ever Malaysia Gold Conference 2023 in Malaysia that was graced by the presence of the Ambassador of the Republic of Kazakhstan to Malaysia, His Excellency Bulat Sugurbayev accompanied by Dato’ Wira Louis Ng (Founder & Executive Chairman of PG Group), the President of MGA, along with Dato’ Chiah Hock Yew (President of Federation of Goldsmiths and Jewellers Associations of Malaysia), Vice President of MGA and Dato’ Haji Abdul Wahab Hamid, Chairman of Malaysia Gold Conference 2023, who is also the Honorary Secretary of MGA, to share with local gold industry players useful information on the current global gold market, gold prospects for year 2023 as well as market trends involving gold in various forms, here at Pavilion Hotel Kuala Lumpur, today.

With first-hand information shared by local and foreign gold veterans, the Malaysia Gold Conference 2023 was set to bring the local gold industry to greater heights.

Established in 2014, MGA has over the years played a vital role in advancing local precious metals industry through various activities from active involvement in national policy making and maintaining gold standards, to organising sales campaigns. This year, MGA has organised and kick started its first ever annual gold conference with guest speakers from London Metals Focus, Singapore Bullion Market Association, and Federation of Goldsmiths and Jewellers Association of Malaysia to share their expertise with participants – primarily gold industry players.

The core purpose of MGA is to protect the welfare of local precious metals industry and ensure that the industry continues to thrive. Hence, it is vital for local gold industry players to be consistently updated on regional market trends, global gold outlook as well as latest gold standards set by world renowned precious metals organisations, to remain competitive in global markets.

The key speakers who participated at the Malaysia Gold Conference 2023 were Mr. Chirag Sheth, Principal Consultant from London Metals Focus, Mr. Albert Cheng, Honorary Chief Executive Officer (CEO) of Singapore Bullion Market Association, and Mr. Ermin Siow, Advisor from Federation of Goldsmiths and Jewellers Associations of Malaysia. The discussion topics include overview on the current global gold market, gold outlook for 2023, and latest market trends involving gold in various forms.

Apart from the three constructive gold knowledge sharing sessions, Mr Ryan Long, Head of Commodity Derivatives of Bursa Malaysia Derivatives was also given the opportunity to present a short introduction on Bursa Malaysia Gold Derivatives Gold Contract for public awareness.

According to the President of MGA, Dato’ Wira Louis Ng, “We want to make the Malaysia Gold Conference a resourceful event for all gold industry players in Malaysia. Therefore, apart from hosting discussions pertaining to physical precious metals and its prospects, we have also included a presentation on gold derivatives by Bursa Malaysia Derivatives this time round, to cover all aspects of gold in Malaysia.”

On top of the informative sharing sessions by gold veterans, Public Gold which is the main sponsor for this event, had also launched their very own Malaysia Gold ATM – certified by the Malaysia Book of Records as the First Gold Automated Teller Machine (ATM) in Malaysia that dispenses physical gold products. In line with MGA’s aim to promote home-grown brands to the World, the association is very much in support of this extraordinary initiative by Public Gold.

The momentous Malaysia Gold ATM launch ceremony was officiated by the Ambassador of the Republic of Kazakhstan to Malaysia, His Excellency Bulat Sugurbayev, Tan Sri Datuk Danny Ooi, Founder and Advisor of The Malaysia Book of Records, together with Dato’ Wira Louis Ng, Founder and Executive Chairman of PG Group, and Datin Wira Yvonne Lim, Executive Director of PG Group.

This Malaysia Gold ATM enables consumers to purchase physical gold bars (with 999.9 purity) which ranges up to 5 grams per bar at great convenience. This is to encourage general public, particularly Malaysians to keep physical gold for long-term wealth preservation. The Gram Gold Bars that are available for instant purchase at the Gold ATM feature astonishing designs from Disney, Marvel Studios, Warner Bros, Juventus, Garfield, Ejen Ali, Monsta, amongst others, which are perfect not only for personal collection and physical gold trading purposes, but also as gifts to family and friends. This machine operates 24 hours a day, 7 days a week, to cater to ad-hoc demands at anytime of the day, with just a push of a button.

“We at Public Gold have always been an innovator and we constantly progress to suit market needs. In line with our brand tagline, ‘Ultimate Wealth Protector’, we want to encourage more locals to keep physical precious metals as a way to protect their wealth. Keeping physical gold is an excellent way to hedge against inflation. With the current economic situation in Malaysia, all the more locals should consider keeping physical gold to safeguard their existing wealth. Hence we feel this is the perfect time to launch our very own Malaysia Gold ATM to make gold purchase easy,” said Ng, who is also the Founder and Executive Chairman of Public Gold Group.

For more information on the Malaysia Gold Association (MGA), kindly log on to www.mga.my to find out more.

For the first time ever, the brains behind the ConsuMerchant concept, Dato’ Wira Louis Ng, Founder and Executive Chairman of PG Group, who is also the Managing Director of the leading homegrown online shopping platform, PGMall, has officially revealed to the nation, the essential guide to achieving financial freedom with e-Commerce, here at Hilton Kuala Lumpur. Also present at the launch event were Dato’ Haji Mohd Aizuddin Ghazali, Chief Executive Officer of Yayasan Prihatin Nasional (PRIHATIN) and Datuk Abdul Malik Abdullah, Economic & International Advisor of PRIHATIN, to co-launch a Corporate Social Responsibility (CSR) Programme with PGMall, represented by Mr. Jerry Ng, Chief Operating Officer of PGMall.

With the newly launched ConsuMerchant book, readers get to learn ways to earn legitimate passive incomes while shopping online, through a revolutionary Sharing Economy business model called ConsuMerchant. Also in this book, readers will come across two real-life case studies involving two companies, namely Public Gold and PGMall, in which have proven ConsuMerchant to be a workable concept for all.

Being the Founder and Executive Chairman to the renowned precious metals trading company in Malaysia, Public Gold, Dato’ Wira Louis Ng, has long experienced the advantages and effectiveness of referral marketing – the key to rapid business growth and advancement, through the establishment of Public Gold back in 2008. Considering that online shopping trends are on the rise in the recent years, he had envisioned and created yet another business channel that adopts similar concept of referral marketing and e-Commerce, but is more advanced and digitally-enhanced to benefit everyone in the digital era regardless of age, gender, education and financial backgrounds. That was when he started PGMall in 2017, an online shopping platform to fulfil consumer lifestyle needs.

In general, shoppers are value creators in the economy chain. Based on the law of supply and demand, every goods (supply), needs to have buyers (demand) to be valuable within the economy ecosystem. That was how the ConsuMerchant ideology came about. It operates under the ‘Shop, Share, Earn’ concept, whereby shoppers who referred new shoppers will be rewarded with cash and shopping credits through the referral and loyalty programme. Naturally when there is high consumer traffic, merchants will benefit from it too. Therefore, it’s a win-win for all. The ConsuMerchant is a concept designed to benefit all and makes everyone, including shoppers (consumers) an entrepreneur.

“The main reason I have founded the ConsuMerchant concept is to offer community the opportunity to earn passive incomes through a reliable and effective business model that requires no startup cost. In line with government’s vision in building a wealthier nation, my team and I have embarked on this Sharing Economy journey through PGMall since 2017, which coincidently was well established just in time before the COVID-19 pandemic hit our nation and the World,” said Dato’ Wira Louis Ng.

“In just a short 5 years, ConsuMerchant has benefitted many Malaysians greatly despite the economy downturn caused by the pandemic. In view of its effectiveness in generating incomes even for the illiterates, I am wishful and hope to spread this useful knowledge to larger community – not just to Malaysians but people across the World through my book. This is so that everyone will get to benefit from it and live a financially sound life not just in the present, but for generations to come,” he added.

Apart from introducing the ConsuMerchant Sharing Economy business model, this book also features researches done by fellow authors, who are lecturers from different established universities, based on various other business models’ effectiveness in the digital economy era that includes comparison between ConsuMerchant and other conventional referral models through clear illustrations.

There are five key topics being discussed in this book, which include e-Commerce, referral marketing, consumers, merchants and social media. On top of that, testimonies from successful users are also featured in this book to endorse the effectiveness of the ConsuMerchant business model. All in all, this book is a must buy for all who wish to understand more about e-Commerce and how to make the most out of it to live a better and financially stable life.

And in conjunction with the launch of the ConsuMerchant book, PGMall had also co-launched its Corporate Social Responsibility (CSR) Programme with Yayasan Prihatin Nasional (PRIHATIN), a charitable organization in Malaysia, in which PGMall has contributed a total of RM25,000 to kick start a long-term partnership with PRIHATIN. The core purpose of this partnership is to help raise funds for the underprivileged young communities, particularly those who are in need of financial assistance to start a business in Malaysia, through the sales of the ConsuMerchant Book.

The ConsuMerchant book will be available for purchase at all major bookstore nationwide starting from February 8th, 2023. Alternatively, this book can also be purchased online through PGMall, the leading homegrown online shopping platform in Malaysia.