Saturday, December 5, 2020
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Biz Snips

Short news to keep you up-to-date

I Will Call You Back

By Lim Kee Yeong To most companies, any incoming call, email or message may mean business opportunities. The need to ensure the caller or message sender is aware the communication is duly received and will be acted upon can potentially translate to a feeling of enhanced confidence. It is most...
Malaysia is the 9th most complex country for multinationals to do business in globally, and the 3rd most complex in Asia, according to a new report by professional services firm TMF Group. The Global Business Complexity Index analyses key areas of business administration and compliance across 77 jurisdictions - from...
2020 has wreaked havoc across many industries. But the chaos has been a bonanza for Malaysian glove manufacturers Top Glove, Hartalega, Supermax, Kossan and others. Glove makers are attracting unprecedented levels of investor attention - far more than the electric cars of Tesla. Top Glove Corp., the world’s biggest maker...
By Lim Kee Yeong Countless news reports have been highlighting the plight of SMEs, with stories of businesses closing down, people losing jobs, companies cutting pay and the economy shrinking drastically. All these unfortunate happenings have many running for shelter and picking up every penny on the floor, figuratively speaking....
The recent COVID-19 lockdown and lifting of restrictions has created havoc for organisations. While public health is of utmost priority, productivity and business cannot be ignored. The livelihood of many employees are tied to the business' performance - though it may be dampened due to the crisis. Dealing with a...
With the growing popularity of ride-hailing, it was only a matter of time before the industry evolved to include deliveries. After all, if your company is already using crowd-sourced workers as your own infrastructure, why not utilise that same group of workers to provide a different kind of service. The...
By Blake Larson June 27 is World Micro-, Small- and Medium-sized Enterprises (MSMEs) Day. A few years ago, in recognition of the huge importance that these small companies play in local and national economies, an annual day was established to shine a spotlight on them. Besides expressing much needed recognition...

Thank You Is Not Enough

By Lim Kee Yeong “Thank you, please come again.” A courtesy in business commonly expressed upon completing a sale. This is undoubtedly a satisfying moment to any entrepreneur; what comes next is to search for or serve another customer and the process repeats itself. Depending on the nature of business...
Venture capital may sound exotic to most SMEs. Most associate VC with successful startups like ride-hailing firm Grab or e-commerce giant Lazada, or with aggressive funds like the storied American VC firm Sequoia Capital. But how does one become a venture capitalist? Spend years earning their stripes in a consulting...
By Wang Yanbo Entrepreneurs and the start-up ventures they launch are rightly seen as key drivers of technological change, economic growth and job creation. Consequently, efforts to spur entrepreneurship and widen the pool of entrepreneurs have become an increasingly prominent feature of government policies, university initiatives and privately-backed accelerator programs. Yet the...
By Tristan Smith The COVID-19 virus is spreading fast across the globe – in different forms that go far beyond the virus itself. In a bid to slow down the spread, governments worldwide have put in place unprecedented regulations and restrictive travel mandates. At the moment, business travel has broadly been...
By Malaysian Investment Development Authority (MIDA) Though automation may be thought of as a fairly modern phenomenon, the concept itself can be traced back to as early as 762 B.C. The term first appeared in the western literature of Homer’s The Iliad. But it was not until the Industrial Revolution...