Posts Tagged ‘Malaysia’

On 7th May 2009, Multimedia Development Corporation (MDeC) and Technopreneurs Association of Malaysia (TeAM) organised a very interesting Forum with 5 leading panelists on the topic “Bust2Boom: Are you ready for the recovery”. The premise of the Forum was that the recession is coming to an end and that companies now have to prepare for the recovery that always follows a recession. In economic terms, there is always a cycle of boom-bust-boom and its only a matter of timing when a boom will follow a bust.

We had an eminent set of panelists for the session comprising leading Technopreneurs, the CEO of the largest technology project financing company in Malaysia (Debt Ventures) and the VP of industry development at MDeC and I had the pleasure of moderating the session:


Mr.Chris Chan, CEO, The Media Shoppe Bhd (TMS)

Mr. Michael Lai, CEO, Packet One Networks (M) Sdn Bhd

Mr. Low Huoi Seong, CEO, Vision New Media Sdn Bhd

Mr. Zubir Ansori Yahaya, CEO, Malaysia Debt Ventures Bhd

Mr. Saifol Bahri Shamlan, VP, MDeC


Dr. V.Sivapalan

See below for the slides that I presented at the session to explain the premise of the Forum.

The Panelists concluded that we will definitely see a recovery in 2010 if not by end 2009, so companies should start preparing for the recovery. The Panel also gave several concrete recommendations for companies:

1) Get yourself benchmarked. A slowdown is a good time to get yourself benchmarked and to prove to customers that you have high standards in place. For example software companies can get themselves benchmarked to CMMI standards.
2) Do more R&D. When business is good, you will be busy serving clients but a slowdown is a good time to analyze your business and improve what you have to offer by spending the time on R&D.
3) Take advantage of the many grants on offer, not just R&D grants but also marketing grants. They can help you build up the business for the coming recovery
4) Build more partnerships, locally, regionally and globally. When times are slow everyone will be more willing to look at new partnerships so this is a good time to do this.

5) Build credibility and a good track record, both for the business and personally.
6) Spend time exploring the needs of your customers and fulfilling those needs.
7) Broadband and convergence is a powerful medium that will disrupt the way business is done globally. It is no longer only about the Internet but convergence will happen with other devices and the most powerful of these will be mobile. Study how this will affect your business and your customers and use it to build new disruptive businesses.
I totally agree with these panelists. So start preparing for the coming recovery and then the boom that will certainly follow in 2010 – 2012.

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The Week-in-Tech (WIT) is a weekly Video show helmed by Karamjit Singh the Editor of Netvalue, The Edge and ably supported by Netvalue writer Aishah Mustapha. This week they review my article “Creative Destruction Crossroads” in their show. Watch it here.

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Kuala Lumpur, Monday 12th Jan:

We had a very interesting Dialogue on Monday entitled “What’s Hot 2009”.  Organised by Cradle Fund and Malaysian Entrepreneurs the Panelists discussed what 2009 held for Malaysian Entrepreneurs.


Professor Zainul Faziruddin Zainuddin

Director of USM Innovation Office

Mr. Sharil Tarmizi

Chief Operating Officer of Malaysian Communication & Multimedia Commission (CMC)

Mr. Peter Tam

Director of Local Software Innovation Malaysian Software Economy

Mr.Hazani Hassan

Senior VP, Kumpulan Modal Perdana (KMP)

Mr. Hasnul Shah

Manager Industry Policy & Research, Multimedia Development Corporation, Malaysia

Generally while the Panelists agreed that 2009 will be a difficult year, there were still some bright spots and Entrepreneurs can find some good opportunities here. The following areas were discussed and the consensus of the audience is given in  brackets.

1) Creative Content (HOT)

This area includes digital animation especially movies and Japanese Anime. With the release of the first fully animated Malaysian movie “Geng” in February, the consensus is that this is one growth area for Entrepreneurs. This also includes gaming tecnnology where there is still a lot of scope. Finally while 3D may be the future, 2D is still the bulk of the market especially Anime so 2009 is still a good year for just plain ol 2D. Consensus is that this is a HOT area for 2009.

2) Shared Services & Outsourcing (HOT)

With the global economic recessions (Developed nations) and slowdown (Asia) companies will seek to lower their costs and outsourcing is one area that will continue to grow. Malaysia offers lower costs and well trained people although issues remain with proficiency in English.

3) Broadband (HOT in Kuala Lumpur, COLD elsewhere)

With High Speed Broadband (HSBB) and Wimax taking off in 2010 & 2009 respectively expect this to drive more mobile & Internet businesses. However outside KL HSBB will take at least another 3 years so it will be slower elsewhere.

4) Funding: Venture Capital (Lukewarm), Grants (HOT), IPO (stone COLD), Private Equity (HOT)

The funding environment is going to be tough. While there will continue to be plenty of government grants for startups and for R&D, VC will be tough as they are more choosy with investing. Early stage is going to be tougher than expansion stage. However the IPO market will be virtually dead for 2009. Private Equity however will be HOT as PE players seek out the mature companies that need short term funds and restructuring because of the crisis.

5) Web2.0 (HOT)

There are many new players in Web2.0 and this will still be a hot area. Web2.0 is however expected to evolve and may not be just social networks as more businesses will adopt Web2.0 like Dell has done. Uptake will be slower but it will still be a good year.

6) Clean Tech (HOT)

Hazani of Modal Perdana the VC fund is very keen on Clean Tech and expects this to be a hot area in 2009.

So thats the gist of this very interesting dialogue.

We took videos of the Dialogue and will post them shortly.

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