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What does Budget 2021 mean for you business?

  Peace is not merely the absence of war any more than normalcy is the absence of crisis. The real currency in the face of crisis is resilience, defined as the effective capacity to be impacted by a crisis and survive in a sustainable manner well into the future. It is no wonder that the current Minister of Finance, Tengku Zafrul Tengku Abdul Aziz, chose “Resilient as One, Together we Triumph” as the theme of his maiden budget to give credence to the gravity of the task at hand, coupled with a catchy “6R approach of Resolve, Resilience, Restart, Recovery, Revitalise and Reform”. The question is, will the recent budget tick all the boxes and set a strategic direction for the economy to grow, while empowering those who will lead the economic recovery and assisting those hit hardest by the crisis? Internet connectivity Stakeholder engagement is a key component of [...]

What does Budget 2021 mean for you business?2020-11-20T11:44:09+08:00

COVID-19 Critical Minerals Strategy – Policy Insights

  Since the COVID19 outbreak, many industry players in Malaysia have taken a hit, with the government forced to come up with an economic stimulus package that will be announced on Feb 27, to mitigate the impact.  Malaysian Media recently asked Nordin Abdullah the following question. How do you think the government can best come up with something sustainable, what in your opinion should be included in the stimulus package? The is an opportunity in the wake of the COVID19 crisis to change strategy and policy for governments and the corporate sector alike, and to look at not just trying to survive the fallout of the COVID19 Outbreak. 2019 MEF predicted 30,000 to 40,000 lay-offs, and it really happened. Experts say we’re looking at a possible 100,000 retrenchment nationwide.  This may happen, some sectors will be hit harder than others. Yet there are sectors that will do well and are [...]

COVID-19 Critical Minerals Strategy – Policy Insights2022-02-03T10:48:02+08:00

Strategic Production Zones – Rapid Response to COVID19

  The recent announcement that a committee jointly chaired by senior ministers in charge of security and economy clusters respectively demonstrates that the Malaysian government is serious about creating a balance between continued safety of the general population and the survival of the economy. In the global context, as many countries struggle to deal with the medical response to COVID19 this step represents a broader and indeed a rapid response to the COVID19 crisis.  The clearly stated objective of this new committee is to balance the medical risks and rewards of increased production during the current situation. This rapid response is testimony to Malaysia’s currently rank of 12th in World Bank Doing Business 2020 report. From the perspective of crisis management all scenarios need to be taken into consideration.  This includes the scenario that a prolonged crisis becomes the new reality that people and companies must be able to function [...]

Strategic Production Zones – Rapid Response to COVID192020-11-09T14:46:43+08:00

Supply Chains: Moving towards a Critical Materials Policy

  In the last few days, the Movement Control Order has awoken many to the fact that supply chains that we assume work without question, have now become highly critical.  The establishment of a special taskforce to maintain critical supply chains by the current government is an excellent step to ensure that, what is currently a medical crisis doesn’t turn into a broader crisis.  Moving forward, and in light of the extended Movement Control Order, the battle to ensure that critical supply chains remain functioning will be fought on two fronts, food and medical supplies. Critical medical equipment have become the weapons that front-liners are scrambling to get their hands on to fight the COVID19 pandemic.  To date, we have stemmed the tide but every day that this crisis continues the ability to source complex equipment also increases in difficulty.   To make informed decisions, a deeper understanding of the medical [...]

Supply Chains: Moving towards a Critical Materials Policy2020-04-13T10:41:40+08:00

Covid-19: The strategic value of the halal industry

THE outbreak has exposed the populations of most countries to a dangerous virus. At the same time, perhaps more importantly, it has exposed weaknesses in supply chains of nations across the globe.The Malaysian government should be commended for establishing a taskforce to maintain critical supply chains. This is an excellent step to ensure that what is primarily a medical crisis doesn’t turn into a broader crisis. With the movement control order (MCO) extended, the role of ensuring supply chains remain functioning will be critical on two fronts — food and medical supplies.This is where the halal industry, especially SME’s, will play an important role in feeding the nation. Over the last two decades, the concept of halal has been progressively applied to various industries from agriculture, food manufacturing, cosmetics, pharmaceuticals and logistics.Malaysia is now the beneficiary of a forward-thinking policy to address food security gaps 20 years ago while empowering [...]

Covid-19: The strategic value of the halal industry2022-02-03T10:48:17+08:00
 
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