Enterprise Explores

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Helping you navigate the ever-changing universe of business, from headlines to the bottom line

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846 episodes

4 Trends Driving Travellers in 2024?

Enterprise Explores 4 travel trends driving consumers in 2024 as highlighted by the AMEX Travel 2024 Global Travel Trends Report. The 4 trends that the report says are driving booking decisions are: __ __ __ __ __ __ __ __ We explore who in Southeast Asia is most well positioned in each of these 4 trends, where Malaysia stacks in its ability to leverage each trend, and the opportunity that these trends could present for Southeast Asia tourism as a whole. Helping us with this are Hannah Pearson, Founder of tourism market intelligence firm Pear Anderson, and Gary Bowerman, Director of travel and tourism research firm Check-In Asia. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

40m
Mar 31, 2024
What Makes an Entrepreneur?

Can anyone be an entrepreneur? What defines an entrepreneurial mindset? All this and more as Enterprise explores ‘The Psychology of Entrepreneurship’ with Professor Michael Frese, Professor of Management at Asia School of Business. With a particular focus on his paper titled ‘The Psychology of Entrepreneurship: Action and Process’, we will dive into the underlying psychological factors that drive entrepreneurial success and the practical implications for aspiring entrepreneurs. Other than that, we will also look into the nuances of the Action Theory Process Model of Entrepreneurship, dissecting how it offers a deeper understanding of entrepreneurial actions and outcomes. Professor Frese recently won the renown Global Award for Entrepreneurship Research from the Swedish Entrepreneurship Forum. Established in 1996, the award celebrates outstanding research that significantly influences the field, recognizing Professor Frese's work and substantial contributions to psychology in entrepreneurship theory, small business development, and entrepreneurship training. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

38m
Mar 28, 2024
Take That Leap Now: Digitising Small Businesses

2024 - We are almost at the end of the first quarter of the year! Now is a suitable time to reevaluate how small and medium-sized businesses are “feeling” about the economy. Malaysian SMEs enter 2024 with a mix of optimism and caution. A recent report by Employment Hero found that an impressive 79% of SMEs are confident about their own growth prospects, despite concerns about rising costs and inflation. This sentiment reflects a sense of resilience after challenging years, with many businesses looking forward to new opportunities. To gain a deeper understanding of these trends, this episode of Enterprise Explores delves into the findings of the 2024 SME Sentiments Report by Employment Hero https://employmenthero.com/my/resources/sme-sentiment-report/ with Kevin Fitzgerald, the Managing Director for Asia at Employment Hero. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

29m
Mar 26, 2024
Malaysia - The Next Hotbed for Tech Startups?

Today, Enterprise explores the state of the tech startup ecosystem and how the funding and investment narrative within this space has evolved over the years with: Peter Murray, Country Manager at Amazon Web Services (AWS) Malaysia and Emerging Markets Kamarul Muhamed, Founder & Group CEO at Aerodyne Group, a Malaysian based tech startup that’s ranked as the world's #1 drone service provider And Khailee Ng, Managing Partner at 500 Global, a venture capital firm with $2.4 billion in assets under management. On the show today, Pete, Kamarul and Khailee will help us break down the importance of establishing partnerships for tech startups, the challenges faced by entrepreneurs within this space, and the future of Malaysia’s tech startup ecosystem. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

38m
Mar 25, 2024
The Soonicorn Collective: Redefining Unicorns & Startup Advocacy

On this episode, Enterprise Explores the newly-formed Soonicorn Collective and discuss whether building startup unicorns is an outdated notion with Dr Sivapalan Vivekarajah, Senior Partner & Co-Founder of ScaleUp Malaysia Accelerator, and Ramachandran Muniandy, CEO and Co-Founder at Asia Mobiliti. They are both Co-Chairs of the Soonicorn Collective. The Soonicorn Collective is a platform that is hoping to groom Malaysia's next unicorns and foster a strong startup ecosystem in the country via policy proposals and engagement with government leaders. Working with Proficeo Consultants and in partnership with Penjana Kapital, they announced the pioneer group of 18 founders within the platform. Some of the names from this batch include Nadira Yusof from Kiddocare, Giden Lim from BLOOMTHIS, and Hui Yik Seong from Direct Lending. All of whom have been on our 10am show - Open For Business. The Soonicorn Collective is a kind of pivot from the 100 Soonicorns program that was launched just over a year ago. The program focused on monthly discussions between founders on their own experiences and challenges regarding issues faced from the early stage to Series A stage and beyond. The participants also had the opportunity to engage with local and global venture capitalists. Over the course of this conversation, Doc Siva and Ram will help us get a better understanding on the intention behind the change in program, what this membership-driven platform will look and feel like, and the value it expects to bring not only to founders but also the wider startup ecosystem. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

45m
Mar 24, 2024
Digital Behaviours Shaping the Future of Businesses

In the present time where a digital-first lifestyle pervades every aspect of our lives from communication and entertainment to learning and running businesses, it is important to understand how the digital landscape is shaping our behaviours, preferences, and approaches to available opportunities. In Malaysia’s rapidly developing digital market, the Meltwater’s 2024 Global Digital Report offers an insightful view of the evolving digital world, revealing the dynamics of Internet penetration, social media trends, and digital behaviours across the globe. In this episode of Enterprise Explores, we look into the highlights of the 2024 Global Digital Report by Meltwater regarding the challenges and opportunities presented in digital age, focusing on how enhanced connectivity, changing social media preferences, and how technological advancements impact societies and businesses. Together to help us further delve into the topic is David Hickey, the Executive Director for Asia Pacific at Meltwater. Photo Credit: Shutterstock See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

21m
Mar 21, 2024
Can BIM Redefine Safety in Malaysian Construction?

In the face of robust growth projections for Malaysia's construction industry, there's a pressing need to harness technology to revolutionise safety management and boost operational efficiency on sites. Building Information Modelling (BIM) stands out as a pivotal tool, offering a digital representation of physical and functional characteristics of places, which significantly enhances planning, design, construction, and management of buildings and infrastructure. Meanwhile, integrating technological solutions can help to reduce incidences of occupational injuries and better compliance with safety regulations. Innovations such as wearables, drones, and artificial intelligence (AI) for real-time monitoring and risk assessment could play a crucial role in mitigating various hazards or at least, significantly reduce accidents and fatalities on construction sites. In this episode, we explore how technological advancements help to drive the shift towards smarter, safer, and more efficient construction practice with Vitaly Berezka, the Regional Head for Central Asia, Middle East and North Africa and Asia-Pacific at PlanRadar. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

25m
Mar 19, 2024
What Taiwan-based VC AppWorks is Looking For in Malaysia (and SEA)

“Founders gotta be a little silly” Enterprise Explores what Taiwan-based VC firm AppWorks is looking for in Malaysia and Southeast Asia’s startup ecosystem with Sophie Chiu, Principal leading the Southeast Asia Arm at AppWorks. We explore Sophie's role leading AppWorks' expansion efforts into Southeast Asia and the mandate given to her by HQ. We also reflect on her criteria for selecting portfolio companies, insights into the venture capital landscape in Southeast Asia, and how her background informs her approach to supporting and investing in startups. AppWorks has 532 active startups and 1,6622 founders in its alumni network. Its ecosystem has raised a total of US$5.8 billion in funding to reach a total valuation of US$32.4 billion. Founded in 2009, AppWorks provides 2 main services that cater to startups in 2 different stages. There’s AppWorks Accelerator which helps seed-stage startups go from 0 to 1, AppWorks Funds which provides financing to help growth-stage startups scale faster, and also AppWorks School which provides education to talents and prepares them for a career in the startup world. Sophie is leading AppWorks' expansion efforts into Southeast Asia, connecting with and investing in promising founders across the region. Prior to AppWorks, Sophie had 10 years of public equity experience and was part of the portfolio management team at Neuberger Berman, focusing on emerging market opportunities. Before that she served as a research analyst at Credit Suisse, JPMorgan, and London-based Autonomous Research. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

44m
Mar 18, 2024
Can Ultra-Fast Fashion Go Green?

SHEIN's business model is deeply integrated into the fast-evolving landscape of ultra-fast fashion, leveraging a blend of technology, agile manufacturing, and keen market insights to cater to a global audience. However, as SHEIN continues to expand its footprint, questions about sustainability, moral and ethical practices, and the future direction of the company have come to the forefront of discussions among consumers, industry watchers, and potential investors alike. Today, Enterprise explores SHEIN's commitment to sustainability, the challenges and opportunities it faces in light of its rapid growth, and the strategic decisions shaping its journey towards a potential initial public offering (IPO) with Annabella Ng , Senior Director of Global Public Affairs at SHEIN. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

30m
Mar 17, 2024
The Diversity Dilemma: Balancing Targets and Gender Equity

Back in 2011, the Government of Malaysia, in collaboration with Bursa Malaysia, took a significant step by mandating that all public listed companies (PLCs) strive for a minimum of 30% women representation on their corporate boards. Initially aimed at the top 100 PLCs, this policy was later extended to encompass a broader spectrum of companies, to create a more balanced and dynamic leadership landscape. As women ascend to leadership roles, their voices become influential drivers of change. The push for increased female representation in leadership roles is not merely a response to social pressures but reflective of a progressive step towards fostering innovation, decision-making quality and overall corporate performance. Delving into the multifaceted impact of female representation in leadership roles and exploring the tangible benefits and potential drawbacks of a set target is Christine Sterk, Chief Business Officer, at Pulsifi. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

23m
Mar 12, 2024
Tackling the Disparity Between 5G Performance and Consumer Perception with Ookla

At the back end of 2023, Ookla analysed the Speedtest data to gain insights into the current performance of networks that we use on a daily basis. In the analysis, they compared changes in 5G performance to the previous year (2022), identified the top 10 countries with the best performance networks, and discussed customer satisfaction in the usage of 5G. The countries that were involved in the analysis were based on the performance of their fixed networks and also included the connectivity gap across the world. In this episode, Enterprise explores the disparity between 5G performance and the consumer perception in adopting 5G usage. Helping us with that is Affandy Johan, Industry Analyst for the Asia Pacific Region at Ookla. Photo Credit: Shutterstock See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

25m
Mar 11, 2024
How Grab’s GX Bank and AEON Bank are Tackling Digital Banking in Malaysia

Enterprise Explores how Grab’s GX Bank and AEON Bank are tackling digital banking in Malaysia with their respective CEOs, Lai Pei Si of GX Bank, and Raja Teh Maimunah of AEON Bank. In this episode, we get into what is guiding the development and approaches taken with their respective digital banks, the intricacies of what it takes to build a bank from scratch and how it differs from traditional banking models, strategies they are taking to acquire and retain customers, and the products they have in mind for the future. We will also look into the strategic advantages provided by their parent companies, shareholders, and consortium partners. GX Bank is a subsidiary of GXS Bank (a joint-venture between Grab Holdings and Singtel) and consortium partners such as Kuok Group, while AEON Bank operates under joint ownership by AEON Financial Service, Ltd. (AFS) and AEON Credit Service (M) Berhad – both of which are subsidiaries of Japan's largest retail group – AEON Group. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

44m
Mar 10, 2024
Women in Entrepreneurship: The Opportunities

In the dynamic landscape of entrepreneurship, empowering women entrepreneurs has emerged as a critical avenue for fostering economic growth, innovation, and social change. Across the globe, women entrepreneurs are breaking barriers, creating jobs, and contributing significantly to their economies, yet they continue to face challenges such as limited access to capital, gender biases in the business world, and a lack of support networks and mentorship opportunities. Today, as we commemorate International Women’s Day and the achievements of women worldwide, we speak with Anusuya Krishnan, EXCO Member of the National Association of Women Entrepreneurs of Malaysia (NAWEM https://nawem.org.my/) and founder of Migi Te, and Bikesh Lakhmichand, the Founder of 1337 Ventures https://1337.ventures/ on the initiatives that are in place to help improve access to funding, providing mentorship, and fostering a more inclusive and supportive ecosystem to level the playing field for women. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

32m
Mar 07, 2024
Breaking Barriers and Building Futures

This year’s theme for International Women’s Day is “Inspire Inclusion”, which aims to encourage us to foster a more inclusive world for women by sharing compassion, valuing women’s inclusion, and promoting a sense of belonging and empowerment. Inspiring us on this episode of Enterprise Explores is Professor Jenny George, Dean of Melbourne Business School and Co-Dean of the University of Melbourne's Faculty of Business and Economics, where she shares some of the best practices businesses can take to invest in women, and in equipping them to lead and accelerate progress. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

36m
Mar 06, 2024
Why Slush’D Has Come to KL as a Cyberpunk Themed Anti-Conference

Enterprise Explores the origins and mission of Slush’D and how it has made its way to Malaysia in the form of the KL Slush'D Anti-Conference with Stella Korpikuusi, Expansion Lead at Slush and Damon Grow, Co-Founder of KL Slush'D. Slush’D is a highly regarded annual startup event in Helsinki, Finland, that is organised by Slush, a not-for-profit organisation in Finland run by students and recent graduates, that brings together the most relevant people in the startup ecosystem from around the globe in order to connect founders with what and whom they need while being able to build a new, inclusive, and more purposeful culture of entrepreneurship. Slush’D has grown its presence by partnering with local partners across the world to stage other Slush’D events, and it has now made its way to KL - happening on March 7th, at Kwai Chai Hong from 3.30PM to 10PM. On this episode, we learn more about the original Slush’D event and break down how it has made its journey across Europe to Africa and Asia and now here in Kuala Lumpur, why the KL event is happening as an Anti-Conference, and explore what the audience and attendees can gain from this event to expand their startup ventures. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

29m
Mar 05, 2024
42Geeks' Mission, Lessons from Building Multiple Startups, and How to Build a Startup Ecosystem

Enterprise Explores 42Geeks, the 3rd venture of PJ boy Chok Ooi, and the mission of his new business. We also explore his journey of building multiple Silicon Valley startups, and the lessons and mistakes he learnt along the way, including rookie mistakes from his first exit. Chok’s Silicon Valley journey took flight after being laid off by Goldman Sachs during the Global Financial Crisis when Sam Altman (yes that Sam Altman) hired him at Loopt back in 2008. Today he is building 42Geeks, an organization with a mission to foster cross-border tech collaborations & investments through the global Geeks Tour, and they were in town last week as they toured Southeast Asia, specifically Jakarta, Singapore, Kuala Lumpur, and now the BFM Studio. Between then and 42Geeks, Chok started and built Agility.io http://Agility.io, a global product design and software development company that works with 300+ startups and Fortune 500 companies to design and build game-changing technology and solutions, and also Kenzie Academy, an online tech and coding school headquartered in Indianapolis, which was later acquired by Southern New Hampshire University (SNHU) in March 2021. Prior to Agility.io http://Agility.io and Kenzie, Chok was CTO at SF-based Azap Mobile, Senior Software Engineer at Loopt (acquired by GreenDot), and Lead Engineer at Selerity (acquired by Dealogic). See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

41m
Mar 03, 2024
2024 ASEAN Board Trends: Refocus on Board Effectiveness

The Institute of Corporate Directors Malaysia (ICDM) recently concluded a comprehensive survey across Southeast Asia in collaboration with its eight partners under the ASEAN national institute of directors (IOD) Network. The findings highlight key priorities, challenges, and forward-looking strategies for boards to sharpen their foresight as they navigate economic uncertainties, talent management, and sustainable practices. With a focus on growth, resilience, and effective governance, ASEAN boards are poised to shape the future of corporate leadership and sustainability. In this episode on Enterprise Explores, Michele Kythe Lim, President & CEO at Institute of Corporate Directors Malaysia, sheds light on the ICDM 2024 ASEAN Board Trends Report. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

21m
Feb 29, 2024
SST Increase: Breaking Down This Week’s Updates and Changes for Businesses

Enterprise Explores and breaks down the latest SST developments and how it will impact businesses in the lead up to implementation tomorrow (March 1st) with Ng Sue Lynn, Head of Indirect Tax at KPMG. In a surprise move, the service tax will now be imposed on maintenance and repair (M&R) services and on top of that it stated that it would be effective Monday, the 26th of February, which led to some confusion around the actual start date for the changes and updates to the SST and its increase. On top of that there’s been some concern over how broad the term ‘Maintenance and Repair’ is and we also explore changes around how the service tax will be applied to the logistics industry, which has now been brought into the Service Tax fold for the first time. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

24m
Feb 28, 2024
From Street Vendors to Gig Workers: The State of Malaysia’s Informal Economy

The informal employment landscape in Malaysia represents a significant and dynamic component of the labour market, reflecting both the economy's adaptability and the challenges facing its workforce. These workers often face precarious conditions, including low wages, limited access to benefits, and vulnerability to economic shocks, which calls for policymakers to strike a balance between promoting formalisation and ensuring the well-being of these workers. The World Bank report on "Informal Employment in Malaysia" https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099022124104015011/p1810931e836170db184871b5fe7b37157c, indicates that approximately 21% of the workforce is engaged in informal work. The report identifies key challenges and policy goals related to retirement savings, protection against health and injury risks, and the need for social insurance schemes to be more flexible and inclusive, as well as emerging trends. In this episode, Enterprise explores this World Bank report on its findings and recommendations with Dr Yashodhan Ghorpade, Senior Economist on Social Protection & Jobs at the World Bank. Photo credit: Shutterstock See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

32m
Feb 27, 2024
Navigating Cybersecurity Challenges In The Manufacturing Industry

On the back of the newly introduced Industrial Master Plan 2030 (IMP 2030), the policy targets an increase in revenue by more than RM580 billion by 2030 and is set to generate 3.3 million high-skilled jobs within this sector. The IMP 2030 aligns with the goals set in the Industry 4WRD, which is to digitally transform the manufacturing sector and boost productivity through technology and automation. In Malaysia, the manufacturing sector has faced a two-fold increase in ransomware attacks in 2023 compared to the previous year. The primary methods of attack include phishing and malware, while other notable issues are SQL Injections, insider threats, and vulnerabilities related to Internet of Things (IoT). Today, Enterprise explores cybersecurity challenges faced by businesses, particularly in the manufacturing industry and how businesses in this space can navigate through them in 2024 with Dickson Woo, Country Manager at Fortinet Malaysia. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

23m
Feb 26, 2024
Time to Change the Start-Up-Venture Capital Funding Narrative

Today Enterprise Explores 5 Ideas to shakeup the Start-Up and funding here in Malaysia and Southeast Asia with Dr Sivapalan Vivekarajah, Senior Partner & Co-Founder, ScaleUp Malaysia Accelerator. Post-pandemic, startups now find themselves navigating through an uncertain environment courtesy of the higher interest rate environment, funding winter, lower valuations, and even down rounds. On top of that, the struggle to raise funds has caused many companies to resort to cost-cutting measures, including layoffs. In a recent article in The Edge, Doc Siva notes that this downturn has changed investor perspectives and start-up founders will need a mindset change to succeed over the next few years. Tapping into his 25 years of experience in the Malaysia tech ecosystem, as well as his startup investing history having made 52 investments in total as an angel investor but also through ScaleUp Accelerator, he proposes 5 ideas to change up the narrative and move away from the Silicon Valley growth-driven model that has been the de-facto way of doing business in the scene. In this conversation we will get into and breakdown each of the 5 ideas in more detail, but to give you a sense of what’s coming ahead, here are the 5 headlines that he used in his article: __ __ See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

39m
Feb 25, 2024
Time to Change the Start-Up-Venture Capital Funding Narrative

Today Enterprise Explores 5 Ideas to shakeup the Start-Up and funding here in Malaysia and Southeast Asia with Dr Sivapalan Vivekarajah, Senior Partner & Co-Founder, ScaleUp Malaysia Accelerator. Post-pandemic, startups now find themselves navigating through an uncertain environment courtesy of the higher interest rate environment, funding winter, lower valuations, and even down rounds. On top of that, the struggle to raise funds has caused many companies to resort to cost-cutting measures, including layoffs. In a recent article in The Edge, Doc Siva notes that this downturn has changed investor perspectives and start-up founders will need a mindset change to succeed over the next few years. Tapping into his 25 years of experience in the Malaysia tech ecosystem, as well as his startup investing history having made 52 investments in total as an angel investor but also through ScaleUp Accelerator, he proposes 5 ideas to change up the narrative and move away from the Silicon Valley growth-driven model that has been the de-facto way of doing business in the scene. In this conversation we will get into and breakdown each of the 5 ideas in more detail, but to give you a sense of what’s coming ahead, here are the 5 headlines that he used in his article: __ __ See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

39m
Feb 25, 2024
Fair Play in Employment

Recently, in a Reddit post three days ago, and articles on AsiaOne and the New Straits Times, exposed that an eatery (ramen chain) in Kuala Lumpur had allegedly deducted salaries of staff who take medical leave and toilet breaks. Based on a photo of its rules and regulations for employees posted on Facebook (Feb 18) by a netizen, the fines ranged from RM30 to RM500 for various so-called “offences”. Subsequently, the eatery had also lodged a police report after online backlash on HR policies. In the modern workplace today, the importance of employee rights and fair employment practices cannot be underestimated. As businesses and economies worldwide cope with rapid technological changes, and shifting societal norms, there is a need to ensure that employment practices evolve accordingly, too. Today, we will discuss fair employment practices from the lens of legislation, the ongoing efforts and challenges in creating workplaces that comply with legal standards and also foster a culture of respect, equality, and dignity for all employees. We speak with Donovan Cheah, a partner at Donovan & Ho on matters that will guide both employees and employers towards a more just and productive working relationship. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

22m
Feb 22, 2024
Token Crowdfunding: What Tokenisation Is and the Value to Businesses for Fundraising

Enterprise Explores the world of tokenisation and token crowdfunding. As the digital landscape evolves, so does the way that businesses can raise capital, but what exactly is tokenisation and token crowdfunding? And how does it differ from the equity crowdfunding or from Initial Coin Offerings (ICOs) that got quite a lot of buzz a few years back? To break down these concepts and explore the value proposition they hold for the business community, we're joined by Nicholas Chong, Head of Token Crowdfunding with Malaysian crowdfunding platform pitchIN. Among other things, we'll break down the essence of tokenization, understand the intricacies of token crowdfunding, and distinguish it from ICOs and IEOs. We'll also delve into the process of token crowdfunding and asset tokenization, as well as how this financial evolution can change the game for how businesses raise funds. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

38m
Feb 21, 2024
The Critical Roles and Fiduciary Duties of Board Members

Enterprise Explores the fiduciary duties of board members and the critical roles that they play with Tay Kay Luan, CEO of FIDE Forum. Among other things, we explore what the role of board members really entails and looks like, common misconceptions about the responsibilities and capabilities of board members, and what is fair or unfair to expect of them. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

32m
Feb 20, 2024
TikTok Shop - From Viral Dances to Business Growth Driver

Today we explore the rise of a new e-commerce juggernaut - social media giant Tik Tok - a platform once known primarily for its viral dance and lip-sync videos. They’re taking the fight to Amazon, Shopee, Temu, and others, through its e-commerce arm TikTok Shop. With this, TikTok is no longer just a social media platform; it's a burgeoning marketplace where interaction directly translates into transactions. And with this, they look to be redefining the online shopping experience, transforming the way creators and businesses connect with their audiences and drive sales. A great example here was the recent news that Khairul Aming, social media influencer and founder of the popular Sambal Nyet, hit RM1.2 million in sales in mere minutes when he launched his new product on the TikTok Shop platform around 2 weeks ago. As many as 80,000 packs of his latest product were snapped up by buyers within three minutes and 39 seconds. That said, he was TikTok Malaysia’s 2023 Creator Of The Year and has a huge following of his own, so how representative is this for other creators and businesses who are looking to leverage TikTok Shop to create awareness, drive sales, and grow? To find out, we speak with Nur Azre Abdul Aziz, Partnerships Lead with TikTok Shop Malaysia. Among other things, we’ll explore how TikTok is supporting creators in leveraging their platform, the strategies TikTok Shop has implemented for user experience and seller engagement, and how it's adapting to evolving market demands. We will also get into how TikTok Shop Malaysia is navigating the complexities of digital literacy and cross-border e-commerce. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

33m
Feb 19, 2024
Artem Ventures Wants to Invest in 10 New Startups by Q2 2024

What do Malaysian startups Kiddocare, du-it, Senang Insurance, and Qwork have in common? Aside from being on BFM’s Open For Business, they all have Artem Ventures as an investor. After 1 year of funding startups in Malaysia, the venture capital firm has invested in 12 local companies, including the 4 mentioned earlier, and it looks like they’ve got more aggressive plans ahead with the stated aim of investing in another over 10 new companies by Q2 2024. Powering this is a RM45 million fund in partnership with pan-Asian life insurer FWD called TIM Ventures which was announced back in December 2022. On this edition of Enterprise Explores, we dive into the motivations, investment strategy, and ambitions of Artem Ventures, as well as insights gained from their journey so far, with Managing Partners Ng Sai Kit and Low Zhen Hui. We also get into what they look for in founders and startups, including red flags, how closely they work with their portfolio companies, and their plans ahead. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

42m
Feb 18, 2024
Ipsos: 50% of Malaysian Use Only Cash, TnG and Mae Lead E-Wallets Usage

Today Enterprise Explores the on-going shift towards a non-cash economy and how payment systems have evolved over the last few years with Arun Menon, Managing Director at Ipsos Malaysia, a market research firm. Back in January, Ipsos released their latest case study on Non-Cash Economy & Payment Evolutions which found that there has been a slight decrease in the usage of non-cash payment methods in 2023. However, a key point to take note of is that half of Malaysians still use non-cash payments, with e-wallets being used by a quarter of the population. Besides that, some other notable findings from the “Non-Cash Economy & Payment Evolution” study shows: __ __ There is a lot more to break down and digest from this study, which Arun help us explore and digest. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

27m
Feb 15, 2024
2024 Malaysian Job Market: Growth in Tech, Oil & Gas, and HR, WFH and Flexibility Still Key

Tech, Oil & Gas, and Human Resources & Legal, will be key in managing the supply and demand in the job market this year, and for employees and jobseekers, it looks like flexibility and ‘Work From Home’ continue to be key demands, while having a sense for career and salary progression is vital for retention. All this and more as Enterprise Explores the 2024 outlook for the jobs and salaries in Malaysia with Fahad Naeem, Country Director at Randstad Malaysia. Randstad recently released their 2024 Job Market Outlook & Salary Guide Report, and Enterprise Explores key insights from the report, including the importance of people management, why Emerging Technologies, Oil & Gas, and Human Resources & Legal are key must-watch sectors in the job market, the potential challenges when it comes to talent recruitment across these key growth industries, why there’s a move away from Generalists towards Specialists in the job market, and more. Image credit: Shutterstock See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

30m
Feb 14, 2024
Marketing Our Emotions

Happy Valentine’s Day! The 14th of February is a day dedicated to expressing love and affection towards partners, family members, and friends. Originating from ancient Roman traditions, Valentine’s Day has evolved into a global celebration of love, characterised by the exchange of gifts such as flowers, chocolates, and greeting cards. In today’s contemporary society, Valentine's Day serves not only as an opportunity for individuals to showcase their love and appreciation for one another but also as a significant event for businesses and marketers, who capitalise on this day through tailored marketing campaigns, special offers, and themed products. The same can be observed for other special days, such as Mother’s Day and Father’s Day, although maybe not on the same magnitude. Today, we speak with Ranganathan Somanathan, Co-Founder & Curator, RSquared Global Ventures; Kuah Jenhan, Creative Director, and Christyna Fong, Creative Director, both from The Chariot Agency, how they understand the consumers’ psyche and craft the right marketing and ads campaigns that resonate so well with the audience. See omnystudio.com/listener https://omnystudio.com/listener for privacy information.

39m
Feb 13, 2024