In 2019 the Prime Minister, Tun Dr Mahathir Mohamad launched Shared Prosperity Vision 2030 as an effort to make Malaysia a country that is developing sustainably with fair economic distribution as well as equitable growth at all levels of incomes, ethnics, regions and supply chains by 2030.
The Shared Prosperity Vision 2030 which is the primary strategic policy document that will guide the restructuring priorities for Malaysia’s development was used as a baseline to identify the technology companies at the cutting edge of empowering or delivering shared prosperity in Malaysia. To make the list, companies needed to demonstrated that they were able to participate in a meaningful manner towards the shared prosperity vision enablers, namely effective institutional delivery, financial capital, governance & integrity especially related to increasing transparency, and lastly was the use of Big Data.
Coupled with a positive contribution to the Key Economic Growth Activities (KEGA) of digital economy, industrial revolution 4.0, advanced & modern services together with a history of innovation and delivering e-government projects that have had a direct impact on the community or business ecosystem.
Identifying homegrown leadership has become increasingly important as according to Malaysian government data technology adoption still remains low in the services industry with a rate of uses of just 20% in 2018 while the government’s target is 30% by 2030.
This year’s list has highlighted those companies best positioned to drive this vision from the private sector.
Big Dataworks is a Malaysian grown tech company providing solutions in data supply, data analytics, management of information and physical documents storage. The innovative approach to data driven business solutions has made it possible to manage a nationwide user base of over 200,000. The nimble solution provider has delivered higher productivity, better value for consumers, and the next wave of growth in the business through big data solutions to a wide range of stakeholders. The ability delivering directly with to the public, government, government linked corporations and the private sector has ensured that Big Dataworks makes this year’s list.
The company has a strong track record of “eco-system changing” delivery to government that is “a positive disrupter” appointed by the Companies Commission of Malaysia (CCM) or Suruhanjaya Syarikat Malaysia (SSM) as its technology and service provider for the SSM MYDATA Services. MYDATA has become the go to source for legitimate and legal information on companies incorporated or registered in Malaysia.
MYEG Services Berhad or MYEG builds, operates and owns the electronic channels that deliver services from various Government agencies, including DBKL, Jabatan Insolvency Malaysia, Jabatan Pengangkutan Jalan, Polis Diraja Malaysia, Tenaga Nasional Berhad and Telekom Malaysia to Malaysia citizens and businesses.
Its first wave of solutions were deployed between 2000 to 2010 for the Government to Citizen (“G2C”) and Government/Enterprise Solution (“GES”) categories. They make the list because over the past 5 years MYEG has invested in deploying next generation technologies based on The Internet of Things (“IoT”) solutions coupled with big data analytics that will bring significant improvements to overall quality of life in Malaysia.
Commerce Dot Com Sdn. Bhd. Established in 1999 Commerce Dot Com Sdn Bhd (CDC) was incorporated for the fundamental purpose to develop and operate an electronic procurement system for the Government of Malaysia, known as ePerolehan. This initiative was undertaken with the intention to steer the nation’s commerce into the forefront of the digital economy.
Currently CDC boasts ePerolehan as one of the largest Government-to-Business (G2B) marketplace in the world with more than 30,000 government users and 180,000 suppliers throughout Malaysia and over 2 million catalogue items available online. Procurement via ePerolehan has grown tremendously to over 2 million transactions valued at more than RM20 billion annually.
POS Digicert made the list due it ability to deliver the latest convergence of services, the public will no longer be required to go to SSM offices to obtain documents with “Certified True Copy” CTC stamp. The collaboration between Big Dataworks, SSM and POS Digicert has allowed digitally certified documents can now be purchased online via MYDATA SSM portal by consumers. Government agencies, the likes of Immigration, Road Transport (JPJ) and Municipal Councils have implemented the use of these documents for official submissions. Digital CTC is a transformation of the manual document authentication service through a combination of statutory imaging technology, digital signature and Quick Response Code (QR code) with security features
Censof Holdings Bhd established in 2008 as a technology investment holdings company specializing in financial management software solutions. Since then, Censof has expanded its portfolio of financial services solutions to include e-payment gateway services and wealth management software solutions. Censof acquired a major accounting solution business that cater to SME business market. Through its subsidiaries, the technology solutions are widely used in public and private sectors in Malaysia, Singapore, Indonesia and Hong Kong. In January 2011, the Group was listed on the Main Market of Bursa Malaysia.
TM One made the list as connectivity and security is a core element of a trust based digital economy. TM ONE is positioned as the only enabler of a Hyperconnected Ecosystem for business’s digital journey. As the enterprise and public sector business solutions arm of Telekom Malaysia Berhad (TM) Group the people driven organisation delivers seamless and complete digital solutions, processes and state-of-the-art technology. With the mission to fully transforming Malaysia into a digital nation in line with TM’s philosophy of “Life Made Easier” for a better Malaysia.
Malaysia Digital Economy Corporation Sdn. Bhd. or MDEC was established in 1996, it was the Government’s response to the then new concept of “Digital Economy”. Today, the global Digital Economy is estimated to be worth USD3 trillion, and MDEC continues its role to organise and lead Malaysia’s Digital Economy forward. It’s on the list as a key ecosystem enabler. MDEC has driven significant digital transformation and adoption across the public and private sectors in Malaysia since its establishment, including the formulation of policies and coordination of agencies. The development of a futureproof workforce to grow the Digital Economy ecosystem and the creation of global champions to increase contribution from the Digital Economy to GDP.
For more information please visit https://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 […]
