KUALA LUMPUR, 30 March 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Digital Resilience in the Corporate Sector’ was held in a hybrid setting yesterday at the Element by Westin Kuala Lumpur. The discussion focused on what business leaders need to understand, to ensure business resilience and sustainability as well as to remain relevant in the digital economy especially as part of their post-COVID-19 recovery strategies. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin.
Deputy Minister of Communications and Multimedia, YB Datuk Zahidi Zainul Abidin with speakers at the Malaysia Global Business Forum (MGBF) Roundtable on ‘Digital Resilience in the Corporate Sector’. Element by Westin Kuala Lumpur, 29 March 2022. | File Photo/MGBF
In his keynote speech titled ‘Driving Digital Resilience in the Context of Regulatory and Policy Frameworks’, Datuk Zahidi said, “The Malaysian government will also continue to invest in digital infrastructure. The case in point will be the 5G rollout. The new 5G networks support a massive number of connected devices and are expected to be much faster, reliant, and efficient. 5G technology will also provide a more stable mobile network for these activities and will also enable infrastructure for other services. This will allow foreign and domestic investors the required bandwidth to grow well into the future.
“Emphasising on empowering the youth and fresh graduates in the digital economy, strengthening and nurturing skilled human capital is essential in the digital economy but the individual has a responsibility to themselves to be digitally resilient by equipping and arming themselves with the right skill sets. This will ensure they are future-proofed so that Malaysia can be an investment destination not because we have cheap labour but because we have highly qualified and productive individuals,” he added.
In the Asia Pacific region, investments in digital resilience reportedly grew fastest in 2020 in correlation with the region’s overall response to the COVID-19 pandemic in comparison to Europe and North America. The surge is due to organisations realising the importance of being prepared for future business disruptions.
Founding Chairman of the Malaysia Global Business Forum, Nordin Abdullah, said, “We are at the beginning of a megatrend. The next generation of corporate leaders need to be empowered now. To survive in the business ecosystem that has become increasingly digital, leaders must be cognisant of the evolving threat matrix of the global digital economy.
“From start-ups to small- and medium-enterprises (SMEs) to larger organisations, all must invest in their own digital resilience. Simply because it is a component of any sustainable future. Failure to do so will only ensure you become a dinosaur in the digital era,” concluded Nordin, who is also a crisis management analyst.
Chief Executive Officer of Novem CS Sdn Bhd, Murugason R. Thangaratnam, in his closing remark, said, “Cyber security is the minimum baseline in a corporate sector’s digital equation thus, cyber-resilient organisations need to prioritise the protection of their crown jewels. A major component of cyber resilience is the ability to adapt and evolve your security posture to stay ahead of threats.”
The outcome of the discussion highlighted three critical success factors – a policy and regulatory ecosystem that encourages innovation that leads to economic growth, the need for considerable investments from both the public and private sectors, and to empower the next generation of human capital and to inculcate the understanding of digital resilience for a sustainable future.
Held at the Element by Westin Kuala Lumpur, the “Digital Resilience in the Corporate Sector” discussion is the second of the Malaysia Global Business Forum’s 2022 series of exclusive roundtables on “The Evolving Threat Matrix of the Digital Economy”. This series will confront critical questions impacting the future of business in the rapidly digitising world.
Speakers at the event also include Chief Executive Officer of Malaysia Competition Commission (MyCC), Iskandar Ismail; Chief Executive Officer of Big Dataworks Sdn Bhd., Sheriza Zakaria; Chief Executive Officer of The Center of Applied Data Science (The CADS), Sharala Axryd; Director of International Business Development for Perfios Software Solutions Pvt. Ltd., Nantha Subramanian; Chief Executive Officer of Matryzel Consulting Inc., Bobby Varanasi; Founder and Director of SoCo and World Wonderers (WoW), Dr Sophie Lemière; Assistant Professor at the Faculty of Social Sciences, University of Nottingham Malaysia, Dr Julia Roknifard; Co-Chairman of Malaysia Global Business Forum and Executive Director of Tindakan Strategi Sdn Bhd, Rizal Kamaruzzaman; and Chief Executive Officer of Novem CS Sdn Bhd., Murugason R. Thangaratnam. The panel session was moderated by Editor-at-Large for News Hub Asia, Ruzanna Muhammad.
MGBF was established to empower stakeholders at the intersection of international and Malaysian business. Through government relations, business intelligence, advocacy, media engagement, market research, networking, advisory and business matching, MGBF will continue to explore threats and opportunities with industry leaders and policy makers to ensure that Malaysia becomes a leader in the context of Asia.
For more information visit www.MalaysiaGlobalBusinessForum.com.
Services
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
MGBF founding chairman Nordin Abdullah and UMW Toyota president Datuk Ravindran K. will delve into the convergence of automotive innovation and environmental sustainability in Penang, Sarawak, Johor and Pahang.
Hosted by menumiz™ – an end-to-end restaurant management system – this roundtable will feature a case study presentation and a panel session to discuss the latest digital trends, challenges, and opportunities within the food and beverage sector.
In this episode of 'A Working Lunch with Nordin', MGBF's founding chairman, Nordin Abdullah, will host this discussion focusing on the biggest threats and opportunities for businesses as we look to manage change in the South China Sea.
This MGBF Roundtable will focus on regional food security issues and trends in the regional supply chain, and trade regulations and policies, including a new geopolitical tool i.e., weaponisation of supply chains.
MGBF In The News
Planet QEOS, KIS BlOCNG San Bhd, and the Sarawak Land Consolidation and Rehabilitation Authority (SALCRA) have officially signed a tripartite memorandum of understanding (MoU) to establish a collaborative framework aimed at producing bio-hydrogen via the Steam Biomethane Reforming (SBMR) Process. The MoU was signed by Planet QEOS executive chairman Dino […]
Planet QEOS and China Machinery Engineering Corporation (CMEC) are interested in investing RM10 billion to co-develop advanced Megawatt peak (MWp) agrovoltaic in Baram, to further boost Sarawak’s green energy initiative and food security. Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg was briefed on Friday by both the […]
Last week SPM results came out, 373,974 aspirants who have been waiting patiently over the last few months would now know their fate. Some 10,109 have received all A’s, the golden standard of academic success and the ticket to those looking to study the “more advanced” subjects in university. Proudly, […]
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]