With daily new infections in the thousands and the possibility of yet another extension to the CMCO, experts have started to wonder if a more targeted approach would help stabilize the nation in terms of health, business, and financial wellbeing. The idea of a blanket MCO may seem like a good idea to some, but it’s impact to businesses will be brutal at the very least. We discuss the implications of the various “lockdowns” in Malaysia, and gather insights and sentiments from entrepreneurs in the community.









Featured guest(s): Jes Min Lua, founder of Recommend.my, Aziz Ayman, founder of Flux (Car Subscription Service), Wilfred Ng, Managing Director of Benns Ethicoa (Bean to Bar Cocoa),  Vernon Chua, CEO of Innergia Labs (Retail Analysis), Michelle Chai, founder of Kintry, CK Chang, founder of Oxwhite, Andrew Yap, co-founder of Book Xcess, Jinli Chan, co-founder of Cocova, Renyi Chin, founder of myBurgerLab, Amy Cox Blair, founder of Batik Boutique.

With daily new infections in the thousands and the possibility of yet another extension to the CMCO, experts have started to wonder if a more targeted approach would help stabilize the nation in terms of health, business, and financial wellbeing. The idea of a blanket MCO may seem like a good idea to some, but it&rsquo;s <a href="https://www.thestar.com.my/news/nation/2020/11/17/is-temco-or-cmco-more-effective%20">impact to businesses </a>will be brutal at the very least. We discuss the implications of the various &ldquo;lockdowns&rdquo; in Malaysia, and gather insights and sentiments from entrepreneurs in the community.




Featured guest(s):&nbsp;Jes Min Lua, founder of Recommend.my,&nbsp;Aziz Ayman, founder of Flux (Car Subscription Service),&nbsp;Wilfred Ng, Managing Director of Benns Ethicoa (Bean to Bar Cocoa),&nbsp;&nbsp;Vernon Chua, CEO of Innergia Labs (Retail Analysis),&nbsp;Michelle Chai, founder of Kintry,&nbsp;CK Chang, founder of Oxwhite,&nbsp;Andrew Yap, co-founder of Book Xcess,&nbsp;Jinli Chan, co-founder of Cocova,&nbsp;Renyi Chin, founder of myBurgerLab,&nbsp;Amy Cox Blair, founder of Batik Boutique.

Your personalised news feed, curated and presented by the guys who deal with SME-related news on a daily basis: the producers behind all the Enterprise shows on BFM. Enjoy an hour of friendly, informative banter on everything you need to know in the world of building and growing your business, from seeking out capital to next generation business solutions, and tech-trends to office survival tips.

Enterprise Biz Bytes

Daily digestible news bites delivered by the Enterprise team, that deal with entrepreneurship, business, tech -- and anything that might have an impact on you and your business. Daily at noon.

CMCO, MCO, TEMCO: What’s Best for Business?

Intellectual property rights are some of the most important intangible assets possessed by business owners in Malaysia. It comprises patents, trademarks, industrial designs, copyright, geographical indications and layout designs of integrated circuits. These rights prevent the unauthorised duplication or use of any item or work to which the business owner is to have full rights.



Recent statistics reveal a glaring ownership disparity that demands immediate attention. In 2022, only 956 granted patent and utility innovations belonged to Malaysians, while a staggering 5,249 were owned by foreign applicants. 

In relation, recent World Bank findings highlighted by Malaysia’s Economy Minister Rafizi Ramli shows that only 10.5% of Malaysian firms engage in research and development (R&D), with just 3.5% introducing new products in the past three years.



With that in mind, we speak to Safuan Zari, Chief Ecosystem Development Officer of the Malaysian Research Accelerator for Technology & Innovation (MRANTI) to help us digest how Intellectual Property could be a growth driver for entrepreneurs and enterprises, as well as MRANTI's role in bridging the intellectual property knowledge gap in the country. 

Intellectual property rights are some of the most important intangible assets possessed by business owners in Malaysia. It comprises patents, trademarks, industrial designs, copyright, geographical indications and layout designs of integrated circuits. These rights prevent the unauthorised duplication or use of any item or work to which the business owner is to have full rights.Recent statistics reveal a glaring ownership disparity that demands immediate attention. In 2022, only 956 granted patent and utility innovations belonged to Malaysians, while a staggering 5,249 were owned by foreign applicants. In relation, recent World Bank findings highlighted by Malaysia’s Economy Minister Rafizi Ramli shows that only 10.5% of Malaysian firms engage in research and development (R&amp;D), with just 3.5% introducing new products in the past three years. With that in mind, we speak to Safuan Zari, Chief Ecosystem Development Officer of the Malaysian Research Accelerator for Technology &amp; Innovation (MRANTI) to help us digest how Intellectual Property could be a growth driver for entrepreneurs and enterprises, as well as MRANTI's role in bridging the intellectual property knowledge gap in the country.

Protecting and Commercialising Intellectual Property In Malaysia

Tech Tuesday: Google's AI Chatbot Bard gets an upgrade; AI tools introduced for YouTube, OpenAI's group of experts to assist in assessing and mitigating AI model risks; ChatGPT now has a voice— as do chickens; New AI feature by Spotify allows podcasters to instantly translate their content; Tentative agreement reached after five month long WGA strike; Microsoft introduces new AI companion for Windows and beyond; Amazon to invest up to $4 billion in the AI startup Anthropic; And Indonesia bans direct transactions on social media platforms.

Tech Tuesday: Google's AI Chatbot Bard gets an upgrade; AI tools introduced for YouTube, OpenAI's group of experts to assist in assessing and mitigating AI model risks; ChatGPT now has a voice— as do chickens; New AI feature by Spotify allows podcasters to instantly translate their content; Tentative agreement reached after five month long WGA strike; Microsoft introduces new AI companion for Windows and beyond; Amazon to invest up to $4 billion in the AI startup Anthropic; And Indonesia bans direct transactions on social media platforms.

Tech Tuesday: AI Developments For YouTube, Chickenspeak, Spotify, and ChatGPT

We’re now around 3 weeks away from the Budget 2024 being tabled in Parliament and tax reform is always something that comes up during this time and when we talk about tax reform, there’s really no escaping the topic of whether the Goods and Service tax will make a comeback. 



While there’s been a lot of chatter around the reimplementation of GST, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim has made note that other things must be done first before bringing it back, like subsidy rationalisation. On a similar note, Deputy Finance Minister Steven Sim recently also noted that the timing isn’t right for GST to make a comeback.



So while the government doesn’t seem keen on it right now, Anwar did say to Bloomberg that GST is the most efficient and transparent tax system, so it might be only a matter of time before it comes back given that over 170 countries have introduced a consumption tax. So today, we speak to Thenesh Kannaa, Executive Director at Tratax, about the likelihood of GST coming back and how best to prepare for it, the difference between GST and the Sales and Service Tax (SST) that replaced it, and more pressing tax issues that business should keep in mind as we head into the next budget and the last quarter of the year.

We’re now around 3 weeks away from the Budget 2024 being tabled in Parliament and tax reform is always something that comes up during this time and when we talk about tax reform, there’s really no escaping the topic of whether the Goods and Service tax will make a comeback. While there’s been a lot of chatter around the reimplementation of GST, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim has made note that other things must be done first before bringing it back, like subsidy rationalisation. On a similar note, Deputy Finance Minister Steven Sim recently also noted that the timing isn’t right for GST to make a comeback. So while the government doesn’t seem keen on it right now, Anwar did say to Bloomberg that GST is the most efficient and transparent tax system, so it might be only a matter of time before it comes back given that over 170 countries have introduced a consumption tax. So today, we speak to Thenesh Kannaa, Executive Director at Tratax, about the likelihood of GST coming back and how best to prepare for it, the difference between GST and the Sales and Service Tax (SST) that replaced it, and more pressing tax issues that business should keep in mind as we head into the next budget and the last quarter of the year.

CMCO, MCO, TEMCO: What’s Best for Business?

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