In this episode of Enterprise Explores, we delve into Southeast Asia's evolving oil and gas sector, focusing on the critical role National Oil Companies (NOCs) play in driving capital expenditure (capex) growth. According to BMI’s latest report, NOCs in the region are projected to lead the charge in the capex push from US$130 billion in 2023 to US$136.4 billion in 2024, which includes capex on the traditional oil and gas sector but also renewables and low-carbon energy projects.



Joining us is San Naing, Senior Oil & Gas Analyst at BMI, who provides insights into the strategic priorities of Southeast Asia’s NOCs, the key drivers behind this surge in investment, and what it means for the region’s broader energy market.

Image credits: Shutterstock

In this episode of Enterprise Explores, we delve into Southeast Asia's evolving oil and gas sector, focusing on the critical role National Oil Companies (NOCs) play in driving capital expenditure (capex) growth. According to BMI’s latest report, NOCs in the region are projected to lead the charge in the capex push from US$130 billion in 2023 to US$136.4 billion in 2024, which includes capex on the traditional oil and gas sector but also renewables and low-carbon energy projects.Joining us is San Naing, Senior Oil &amp; Gas Analyst at BMI, who provides insights into the strategic priorities of Southeast Asia’s NOCs, the key drivers behind this surge in investment, and what it means for the region’s broader energy market. Image credits: 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

From Oil to Renewables: CAPEX In Southeast Asia’s Energy Landscape

Does the Malaysian economy need GST in the longer term? In this episode of Enterprise Explores, we dive into the latest OECD Economic Survey of Malaysia with Jens Arnold, Head of Division at the OECD Economics Department to explore key insights and recommendations for Malaysia’s economic future.



Jens unpacks the findings of the survey and discusses how Malaysia can ensure sustainable growth in the face of global economic challenges. We explore strategies for enhancing tax policies and reducing the fiscal deficit, the need for better targeting of social assistance programs to support the nation’s economic development, and the importance of improving MSME productivity.



The report highlights:

GDP Growth Forecast: Malaysia’s GDP is projected to grow by 4.9% in 2024 and 4.7% in 2025, driven by robust domestic demand and a rebound in exports.



Inflation Stability: Inflation is expected to remain stable at around 2.8%, supported by prudent monetary policies.



Fiscal Deficit: Despite narrowing since the pandemic, Malaysia's fiscal deficit remains a concern, and the OECD recommends accelerating fiscal consolidation and improving tax policies.



MSME Productivity: Boosting productivity in micro, small, and medium enterprises is seen as crucial to Malaysia’s economic progress. The report suggests regulatory reforms, improving access to finance, and fostering digitalisation as key steps.



Social Protection: The report calls for better-targeted social assistance programs and expanded pension coverage to tackle inequality and support vulnerable groups.

Image credits: Shutterstock

Does the Malaysian economy need GST in the longer term? In this episode of Enterprise Explores, we dive into the latest OECD Economic Survey of Malaysia with Jens Arnold, Head of Division at the OECD Economics Department to explore key insights and recommendations for Malaysia’s economic future.Jens unpacks the findings of the survey and discusses how Malaysia can ensure sustainable growth in the face of global economic challenges. We explore strategies for enhancing tax policies and reducing the fiscal deficit, the need for better targeting of social assistance programs to support the nation’s economic development, and the importance of improving MSME productivity.The report highlights:GDP Growth Forecast: Malaysia’s GDP is projected to grow by 4.9% in 2024 and 4.7% in 2025, driven by robust domestic demand and a rebound in exports.Inflation Stability: Inflation is expected to remain stable at around 2.8%, supported by prudent monetary policies.Fiscal Deficit: Despite narrowing since the pandemic, Malaysia's fiscal deficit remains a concern, and the OECD recommends accelerating fiscal consolidation and improving tax policies.MSME Productivity: Boosting productivity in micro, small, and medium enterprises is seen as crucial to Malaysia’s economic progress. The report suggests regulatory reforms, improving access to finance, and fostering digitalisation as key steps.Social Protection: The report calls for better-targeted social assistance programs and expanded pension coverage to tackle inequality and support vulnerable groups. Image credits: Shutterstock

OECD on Malaysia’s Economy: GST, Fuel Subsidies, and More.

Today, we speak with Professor Dr. Saras Sarasvathy from the University of Virginia Darden School of Business, a pioneer in entrepreneurial theory, best known for her work on effectuation. This groundbreaking theory offers a fresh approach to entrepreneurship by encouraging entrepreneurs to start with what they have, leveraging existing resources and forming strategic partnerships, instead of waiting for perfect conditions.



Effectuation emphasises flexibility, collaboration, and the principle of "affordable loss," helping entrepreneurs navigate uncertainty by turning potential risks into manageable experiments. In today’s rapidly changing business landscape, this approach challenges traditional business planning, offering a more pragmatic, resourceful way to drive innovation.



In today’s conversation, Professor Saras will shed light on how effectuation empowers entrepreneurs to navigate uncertainty, leverage limited resources, and create opportunities through partnerships.

Today, we speak with Professor Dr. Saras Sarasvathy from the University of Virginia Darden School of Business, a pioneer in entrepreneurial theory, best known for her work on effectuation. This groundbreaking theory offers a fresh approach to entrepreneurship by encouraging entrepreneurs to start with what they have, leveraging existing resources and forming strategic partnerships, instead of waiting for perfect conditions.Effectuation emphasises flexibility, collaboration, and the principle of "affordable loss," helping entrepreneurs navigate uncertainty by turning potential risks into manageable experiments. In today’s rapidly changing business landscape, this approach challenges traditional business planning, offering a more pragmatic, resourceful way to drive innovation.In today’s conversation, Professor Saras will shed light on how effectuation empowers entrepreneurs to navigate uncertainty, leverage limited resources, and create opportunities through partnerships.

Unlocking Entrepreneurial Growth with Effectual Thinking

This week, Marriott International announced plans to open 20 new hotels in Malaysia by 2029, driven by the surge in tourism, in which Malaysia has seen a notable rise in the first half of 2024.



From breathtaking landscapes to vibrant cultural experiences, captivating both local and international travellers alike, the country's allure seems to be stronger than ever. One of the highlights at the recent MATTA Fair, which saw record participation, was a special focus on showcasing Borneo, positioning it as a must-visit destination for 2024.



To dive deeper into the driving forces behind this booming tourism wave, we speak with Nigel Wong, the President of the Malaysian Association of Tour and Travel Agents (MATTA). In our conversation today, we explore elements that have spurred this resurgence, the role of key destinations like Borneo, and how Malaysia is evolving to meet the growing demand from travellers.

This week, Marriott International announced plans to open 20 new hotels in Malaysia by 2029, driven by the surge in tourism, in which Malaysia has seen a notable rise in the first half of 2024.From breathtaking landscapes to vibrant cultural experiences, captivating both local and international travellers alike, the country's allure seems to be stronger than ever. One of the highlights at the recent MATTA Fair, which saw record participation, was a special focus on showcasing Borneo, positioning it as a must-visit destination for 2024.To dive deeper into the driving forces behind this booming tourism wave, we speak with Nigel Wong, the President of the Malaysian Association of Tour and Travel Agents (MATTA). In our conversation today, we explore elements that have spurred this resurgence, the role of key destinations like Borneo, and how Malaysia is evolving to meet the growing demand from travellers.

From Oil to Renewables: CAPEX In Southeast Asia’s Energy Landscape

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