Enterprise explores the 15th edition of CPA Australia’s Asia-Pacific Small Business survey which provides insights about small businesses across 11 economies, including Malaysia.



The annual survey results indicate that 2024 is expected to be a better year than 2023, with 78% of small businesses expected to grow this year. This is Malaysia's best result since 2012 and it is higher than the survey average of 70%.



To help me breakdown and explore the survey, we’re joined by Gavan Ord and Azfar Asa’Ad, from CPA Australia’s Business & Investment Policy team.



Along the course of the conversation today, Gavan and Azfar will be giving us an in-depth breakdown of the survey and give us a better picture on the state of small businesses here in Malaysia for 2024 and the foreseeable future.



*CPA Australia defines ‘small business’ as businesses with less than 20 employees, which includes high-growth small businesses and tech startups as well.



Photo Credit: Shutterstock

Enterprise explores the 15th edition of CPA Australia’s Asia-Pacific Small Business survey which provides insights about small businesses across 11 economies, including Malaysia.The annual survey results indicate that 2024 is expected to be a better year than 2023, with 78% of small businesses expected to grow this year. This is Malaysia's best result since 2012 and it is higher than the survey average of 70%.To help me breakdown and explore the survey, we’re joined by Gavan Ord and Azfar Asa’Ad, from CPA Australia’s Business &amp; Investment Policy team.Along the course of the conversation today, Gavan and Azfar will be giving us an in-depth breakdown of the survey and give us a better picture on the state of small businesses here in Malaysia for 2024 and the foreseeable future.*CPA Australia defines ‘small business’ as businesses with less than 20 employees, which includes high-growth small businesses and tech startups as well.Photo Credit: Shutterstock

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

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

Enterprise Explores

An Optimistic 2024 for Malaysia’s Small Businesses?

The Cyber Security Bill 2024, passed by Malaysia's Dewan Negara in April 2024, aims to bolster the nation's cybersecurity. It requires entities managing critical national infrastructures — such as government, banking, transportation, defence, and healthcare — to adopt rigorous measures, standards, and processes to mitigate cyber threats. The legislation utilises a risk-based approach to protect against current and future technologies, including blockchain, and is crucial for safeguarding Malaysia’s vital sectors and enhancing cyber resilience. For more insights, we speak with Vicks Kanagasingam, a Business Transformation Coach and Startup Architect.

The Cyber Security Bill 2024, passed by Malaysia's Dewan Negara in April 2024, aims to bolster the nation's cybersecurity. It requires entities managing critical national infrastructures — such as government, banking, transportation, defence, and healthcare — to adopt rigorous measures, standards, and processes to mitigate cyber threats. The legislation utilises a risk-based approach to protect against current and future technologies, including blockchain, and is crucial for safeguarding Malaysia’s vital sectors and enhancing cyber resilience. For more insights, we speak with Vicks Kanagasingam, a Business Transformation Coach and Startup Architect.

Breaking Down the Cyber Security Bill 2024

On this episode, we look at Artificial Intelligence with a focus on Malaysia's journey towards global competitiveness in this field. We speak with Farouk Nurish, Co-Founder of TM8 Sdn Bhd, a pioneering tech firm renowned for its innovative AI platform, Team M8.



Throughout the conversation, Farouk gives us insights into Malaysia's distinctive strengths and weaknesses within the tech ecosystem, and how they influence the nation's efforts to carve a niche in the fiercely competitive AI market. We also explore the pivotal steps required to foster greater recognition and support for homegrown tech enterprises in Malaysia. 

On this episode, we look at Artificial Intelligence with a focus on Malaysia's journey towards global competitiveness in this field. We speak with Farouk Nurish, Co-Founder of TM8 Sdn Bhd, a pioneering tech firm renowned for its innovative AI platform, Team M8.Throughout the conversation, Farouk gives us insights into Malaysia's distinctive strengths and weaknesses within the tech ecosystem, and how they influence the nation's efforts to carve a niche in the fiercely competitive AI market. We also explore the pivotal steps required to foster greater recognition and support for homegrown tech enterprises in Malaysia.

Are Businesses in Malaysia’s AI Scene Ready to Compete at a Global Stage?

In response to the rising threat of online scams and slander, the Malaysian government recently (last week) announced that it is set to introduce an AI portal designed to help the public identify and combat digital fraud. This initiative, integrating advanced AI technologies with existing platforms, aims to bolster public safety and restore trust in the digital realm.



Although it is still in its early stages, the portal is seen as necessary to ensure the public can trust the content they encounter online. If any doubts arise, the public can consult the portal for verification.



The portal is an expansion of the special segment “Biar Betul!” featured on the national public broadcast station RTM channels. In addition, it will complement the functionality of existing platforms such as SEBENARNYA.MY, under the Malaysian Communications and Multimedia Commission (MCMC), and MyCheck.My, managed by the Malaysian National News Agency (Bernama). This effort is expected to streamline the process for the public to easily search and verify any received information.



Today, to shed light on the feasibility of this new AI portal, we speak with CF Fong, the Executive Chairman of LGMS Berhad, and a committee member of the Cybersecurity Chapter of PIKOM.

In response to the rising threat of online scams and slander, the Malaysian government recently (last week) announced that it is set to introduce an AI portal designed to help the public identify and combat digital fraud. This initiative, integrating advanced AI technologies with existing platforms, aims to bolster public safety and restore trust in the digital realm.Although it is still in its early stages, the portal is seen as necessary to ensure the public can trust the content they encounter online. If any doubts arise, the public can consult the portal for verification.The portal is an expansion of the special segment “Biar Betul!” featured on the national public broadcast station RTM channels. In addition, it will complement the functionality of existing platforms such as <a target="_blank" rel="noopener noreferrer nofollow" href="http://SEBENARNYA.MY">SEBENARNYA.MY</a>, under the Malaysian Communications and Multimedia Commission (MCMC), and <a target="_blank" rel="noopener noreferrer nofollow" href="http://MyCheck.My">MyCheck.My</a>, managed by the Malaysian National News Agency (Bernama). This effort is expected to streamline the process for the public to easily search and verify any received information.Today, to shed light on the feasibility of this new AI portal, we speak with CF Fong, the Executive Chairman of LGMS Berhad, and a committee member of the Cybersecurity Chapter of PIKOM.

An Optimistic 2024 for Malaysia’s Small Businesses?

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