The Executives

The Executives

Swinging Beyond Boundaries: Deemples Revolutionises Golf

In the bustling landscape of digital innovations, few platforms have sought to transform an age-old sport like golf into a seamlessly connected experience comparable to modern conveniences such as ride-hailing or food delivery. One such pioneer is Deemples, a burgeoning platform dedicated to linking golfers worldwide, city by city. Co-founded by David Wong, Deemples has simplified booking a round of golf and fostered a more engaged and united golfing community.   “We envision a future where booking a golf game is as easy as ordering food or requesting a ride. Whether you’re looking for someone to play with or need to book a tee time, Deemples aims to make the process seamless,” said David Wong, CEO and co-founder of Deemples, sharing the inspiration behind the platform. Since its inception, Deemples has evolved significantly. David highlights their growth by saying, “We’ve seen substantial and consistent growth, with revenue doubling annually over the last four years. Achieving our first net profit in 2023 was a significant milestone, reaffirming our mission to connect golfers globally.”  The surge in youth interest in golf in Malaysia has significantly bolstered Deemples’ growth trajectory. This trend is evident in increased sales of golf equipment and apparel, higher rounds played at courses, occupancy at driving ranges, and bookings for golf coaches. Moreover, since its last fundraising round in 2020, Deemples has seen a 200% rise in active users, driven by digital transformation in booking habits and an intuitive user interface that resonates with golfers. The recent infusion of US$2 million from V Ventures marks a pivotal moment for Deemples, which will empower Deemples to expand its reach and enhance connections among golfers globally. With these resources, Deemples aims to streamline operations, improve user experience, and intensify its market presence, solidifying its position as a leader in the golfing community. “This funding will accelerate our initiatives to enhance user experience and expand our market presence. It’s a transformative step that will allow us to reach a broader audience of golfers worldwide,” said David. Deemples plans to leverage the new funds to deepen its integration with golf course operations, simplifying booking, check-in processes, and gameplay for golfers. By collaborating closely with golf courses, Deemples is able to create a seamless end-to-end experience, akin to the convenience found in airline and hospitality sectors, thereby setting a new standard in golfing convenience and efficiency. Navigating rapid growth posed challenges for Deemples, particularly in product enhancement and user acquisition strategies tailored to the discerning golfing community. By prioritising user feedback and strategic partnerships with golf courses, Deemples continues to innovate and refine its platform, ensuring sustained growth and relevance in a competitive landscape. David told The Exchange Asia, “Building a product that truly serves golfers’ needs and expanding our user base are ongoing challenges. Continuous improvement and close collaboration with our community and partners are key to overcoming these.”  Technology lies at the heart of Deemples’ strategy, enabling scalable solutions that cater to global golfing communities. By leveraging robust technological infrastructure, Deemples enhances accessibility, reliability, and efficiency, ensuring seamless experiences for both golfers and golf courses worldwide. Deemples has significantly boosted transactions and engagement for its Malaysian golf course partners, with bookings occurring every nine minutes on average. By facilitating up to 40% of total sales for some partners, the company continues to drive innovative marketing campaigns that maximise revenue without compromising margins. With the platform, David envisions a future where golfers seamlessly connect, play, and explore courses worldwide, akin to the ease of services like Uber and Airbnb. By simplifying cross-border bookings and fostering global connections, Deemples empowers golfers to indulge their passion effortlessly, regardless of location or time zone. Through its two-sided marketplace model, the company enhances revenue opportunities for golf courses while providing golfers with convenient booking options and streamlined experiences. By minimising last-minute cancellations and optimising capacity utilisation, the platform ensures mutual benefits for all stakeholders involved. David envisions Deemples to be borderless, to which he said, “We aim to simplify golf booking globally, enabling golfers to connect and play effortlessly worldwide, akin to services like Uber or Airbnb.”  With promising early feedback and market interest, Deemples plans to expand strategically into new Southeast Asian markets and replicate its success by fostering robust partnerships and meeting the diverse needs of golfers across the region. Moving forward, David hints at future product offerings and market expansions. “We’re committed to continuous improvement and innovation, ensuring Deemples remains at the forefront of revolutionising golfing experiences worldwide,” he added.

The Executives

Bridging Modern Clinical Care with Holistic Wellness

In the bustling city of Johor Bahru stands Medeseri, a beacon of integrated healthcare and holistic wellness. Founded by Dr Irma Ariandi, a seasoned dentist and visionary entrepreneur, Medeseri represents a blend of modern clinical practices and traditional healing methods under one roof. Nestled in a six-story building, this health and wellness centre caters to a diverse range of needs, from dental and medical care, to beauty treatments and mental health therapies. Medeseri prides itself on its holistic approach to healthcare, which spans across 3 core segments: healthcare, wellness, and hospitality. Under healthcare, the centre offers comprehensive services including dental care, medical consultations, and state-of-the-art pathology lab services. This ensures that patients receive not only treatment but also diagnostics tailored to their needs. “After going through the proper dietary change, we can actually see a huge difference with a patient’s blood profile,” Dr Irma said in an exclusive interview with The Exchange Asia. The wellness segment at Medeseri incorporates beauty treatments alongside traditional medicine practices such as acupuncture and herbal remedies. From simple facial services to advanced procedures like whitening drips, the centre caters to both aesthetic and therapeutic needs. Moreover, Medeseri provides specialised body treatments such as sauna sessions tailored for conditions like hypertension and diabetes, complemented by clinical massages conducted by expert therapists. When asked on her reasoning behind the choice of location, Dr Irma replied with, “We chose Johor to be the location for Medeseri because being a Johorean myself, it’s a familiar place for me. “I also started out in Johor by being a practitioner dentist there. We also received a lot of support from the Johor state government, especially in the entrepreneurship scene. It’s a good place to start up a business there.” In response to a growing interest in traditional medicine post Covid-19, Medeseri advocates for an integrative approach. Hence, Dr Irma emphasises the importance of combining modern clinical treatments with traditional methods to provide comprehensive care, allowing Medeseri to fill the gaps in treatment options and enhance patient outcomes by addressing holistic wellness. “After the pandemic, we can see a lot of people rejecting modern medicine from clinics, but this is how we try to promote clinical methods by combining and complementing modern clinical treatments with traditional methods. “It is completely fine for people to opt for the traditional methods of treatments, but in some cases, modern clinical methods are readily available to fill in the gaps that traditional options are lacking, and vice versa. It all correlates,” she opined. Additionally, a significant aspect of Medeseri’s offerings lies in hospitality, particularly in rehabilitation for cancer and stroke patients and post-birth rehabilitation. Because the centre is strategically positioned in Johor, it puts Medeseri in the middle of nearby affluent areas and neighbouring countries like Batam and Singapore. With its reputable accommodation offerings, Medeseri is also poised to tap into the burgeoning health tourism market as it is able to provide medical services catered to international patients seeking treatment in Malaysia. “In my opinion, health tourism is catered to people who are looking to stay healthy. However, when they do medical checkups, it’s not impossible for something to come up that requires attention or treatment. When that happens, we will be readily available for them,” she added. Expanding Beyond Johor Medeseri is not just a healthcare provider but also an active participant in community health initiatives. Collaborative programs, such as the upcoming chronic kidney disease management program in Kelantan, demonstrate Medeseri’s commitment to improving public health beyond its premises. Dr Irma’s vision extends beyond Johor, with plans to expand operations to Selangor and Kuala Lumpur, facilitated by partnerships like that with QEW Group. “We’re looking to expand in Selangor or Kuala Lumpur. That’s why we partnered with the reputable company, QEW Group. It’s the perfect partner for Medeseri because both entities share the same drive for our respective visions for our companies – the same sense of responsibility towards our investors,” he explains. Reflecting on her journey from a small dental clinic to leading Medeseri, Dr Irma acknowledges the challenges of maintaining quality and finding like-minded individuals to uphold the centre’s standards. However, she remains committed to providing exemplary service, leveraging her decades-long reputation in Johor’s healthcare sector to foster trust and loyalty among Medeseri’s clientele. Exemplifying a paradigm shift in healthcare where innovation meets tradition to deliver comprehensive wellness solutions, Medeseri continues to expand and innovate, guided by Dr Irma’s expertise and vision, it is poised to redefine holistic healthcare in Malaysia and beyond. Through her tireless dedication and commitment to quality care, Dr Irma ensures that Medeseri not only meets but exceeds the expectations of its patients, solidifying its reputation as a trusted name in integrated healthcare and wellness.

The Executives

Feruni: Pioneering Art and Innovation in the Tile Industry

The journey of Feruni begins with its founder, Dato’ CC Ngei, whose passion for tiles was ignited at a young age. His father, a tile layer, opened a tile dealer store in 1982, where Dato’ CC began assisting in 1990. By 1992, he was managing a new tile trading store in Seri Kembangan, which carried various local brands. Despite the challenges posed by the Asian Financial Crisis, the business thrived by acquiring large stocks at lower prices and selling them at retail value. “This strategic approach turned seemingly wasteful situations into profitable opportunities,” said Dato’ CC. In 2001, Dato’ CC expanded the business by importing tiles from China, Indonesia, and Thailand. The establishment of Feruni in 2010 marked a significant milestone, focusing exclusively on their branded tiles and setting a new trajectory for the business. “We are proud that some customers have stayed with us since the Seri Kembangan days, a testament to our dedication and quality,” Dato’ CC added. The Inspiration Behind Feruni Driven by time-honored values of integrity, transparency, and innovation, Dato’ CC embarked on a mission to transform Malaysia’s tile industry. Feruni was born from a desire to disrupt the commoditised nature of the market by introducing cutting-edge ideas, global tile trends, and unparalleled customer experiences. Over the past 15 years, Feruni has redefined the industry by changing perceptions of what tiles can do, how they are bought, and how they are sold. “Feruni’s mission goes beyond selling tiles; we offer art that fires imagination, enriches environments, and inspires people,” he explained. Navigating Industry Challenges The tile industry is highly commoditised, with price-sensitive customers and numerous players. Feruni’s vision was to stand out by focusing on transparency, creativity, innovation, and quality. In 2010, Feruni embarked on a journey to differentiate itself by developing a unique brand identity. “Despite the challenges of adding value while remaining commercially viable, the journey has been fulfilling,” Dato’ CC said. “The recent brand relaunch demonstrates our commitment to disrupting the industry through art, beauty, and inspiration.” Breaking Traditional Norms Feruni has led Malaysia’s tile industry with many firsts over the past 15 years. In 2010, it pioneered an immersive customer experience with the flagship Feruni Retail Store, allowing customers to visualise tiles in real-life settings. Feruni’s innovative product ranges, such as the iShapes collection, Modular Sizes collection, and Designer collection, offer unique designs and easy installation, inspiring customers to reimagine their spaces. “These products represent a convergence of art, beauty, and the latest tile technologies,” notes Dato’ CC. “Our collaborations with designers like Lisette of Nala Designs have resulted in unique collections like Mandi Bunga, bringing local floral motifs to life.” Innovation is at the heart of Feruni’s journey. By transforming tiles into works of art, Feruni has changed market perceptions and set new standards in the industry. “Our brand relaunch reflects a commitment to continuous disruption, with a renewed focus on combining art, beauty, and technology,” says Dato’ CC. “Feruni’s products, known for their quality, texture, and durability, exemplify this convergence.” Strategic partnerships have been pivotal to Feruni’s success. Collaborations with designers like Lisette Scheers of Nala Designs have resulted in unique collections like Mandi Bunga, bringing local floral motifs to life. Feruni also collaborates with Malaysia’s leading architects, interior designers, and property developers through programs like Synergistic Collaborations, offering customised packages to property buyers and reducing renovation costs and wastage. “Partnerships are integral to our strategy,” explains Dato’ CC. “They allow us to bring unique and innovative products to market, enhancing the value we offer our customers.” Sustainability Commitment As Feruni takes its environmental and social responsibilities seriously, it ensures that the company obtained the ISO 14001 certification and 30% of products meeting green standards. The application of cutting-edge technologies ensures efficient use of materials without compromising quality. “Our commitment to sustainability is unwavering,” says Dato’ CC. “We implement comprehensive 3R policies and work closely with communities to promote sustainability.” To continue competing in the evolving industry, Feruni offer large-format tiles that are thin and durable, combining technology with aesthetic appeal. It also boasts of advanced surface treatments, such as the Griptech anti-slip technology, add functionality and safety.   “Staying ahead of trends and continuously innovating is key to meeting the evolving needs of our customers,” Dato’ CC explained. “We are committed to setting trends, always focusing on art, beauty, and inspiration combined with technological advancement.” With a solid foundation in Malaysia, Feruni plans to expand its footprint globally. The phased approach will begin with Southeast Asia, followed by expansion across Asia and internationally. “We aim to lead the industry through disruptive creativity, collaborations, and competence,” said Dato’ CC. Dato’ CC Ngei advises aspiring entrepreneurs to identify the problems they can solve and the value they can bring to customers. Lifelong learning, consistent effort, perseverance, and quick recovery from setbacks are essential for success. “Always upgrade yourself, otherwise you will become obsolete,” he emphasises. “Perseverance is key; do not expect overnight success and do not be dejected by setbacks.” Feruni’s commitment to community development is exemplified by Yayasan Feruni’s initiatives, such as the “A Piece of Joy” campaign, which brings happiness through creative artworks on tiles. “As Feruni’s business grows, we are committed to creating greater positive impact on the community,” says Dato’ CC. Feruni’s future is bright, with a strategic focus on leading the industry through art, beauty, and inspiration. Cross-boundary collaborations with artists and designers will ignite fresh ideas and inspire innovative approaches. “Our exceptional team and purpose-driven culture are key to our success,” concludes Dato’ CC. “We ensure that our employees thrive and that we deliver joy to our customers and communities.”

The Executives

Transforming Tech with a Human Touch: Karen Kim’s Vision for the Future of AI and Inclusivity

With the rise of advanced technology, comes the emergence of multi-faceted companies that leverage such technologies to better serve their customers and the community in general. For Human Managed CEO, Karen Kim, she believes that there is always a human element at the heart of all technological solutions. This belief pushed her to establish a company that is rooted in a deep understanding of the business context of enterprises and decision-makers. “My unique perspective is to understand the problems we are trying to solve from a ‘non-technical’ perspective and define the core of Human Managed solutions,” she explained in an exclusive interview with The Exchange Asia. During the early days of her career, Kim honed her skills in the telecommunications sector which exposed her to the evolving landscape of cloud and software infrastructure and taught her valuable lessons in adapting technology for optimal business outcomes. In 2017, Kim’s path intertwined with Saleem Javed, the visionary founder of Human Managed, during their tenure at a shared firm. Saleem’s vision of harnessing data intelligence to revolutionise service delivery resonated deeply with Kim. It was this shared vision that propelled her to join Human Managed. Kim also began to gain an understanding of how skillsets help people get jobs done rather than just relying on academic qualifications. Stepping into the role of CEO at Human Managed, Kim focused on defining what value means to them intrinsically and to their customers and partners. Despite initial uncertainties, she embraced the challenge with determination and a learner’s mindset. “One day, I was one of many account managers at a social networking company, and the next day, I was the CEO of a start-up with big and scary ambitions. The prospect was daunting. Could I, at 30, lead a company with no prior ‘relevant’ experience? “If the decision had been left to my own devices, I probably would have listened to my inner voice that I was not good enough and would disappoint everyone. However, the founder, Saleem, believed in my capabilities. My partner, friends and family encouraged me to go for it,” she revealed. Today, Kim’s leadership style is a blend of emotional intelligence and operational excellence. She emphasises transparency, inclusivity, and a flat organisational structure at Human Managed, fostering an environment where diverse talents thrive and contribute across various functions. Leading for Diversity During her childhood, Kim migrated to Hong Kong from Seoul, which helped her to be more open to new experiences even at a young age. More specifically, it has influenced her leadership approach as an adult. “When I moved to Hong Kong at age eleven because of my father’s business, it wasn’t easy to be uprooted from Seoul. I couldn’t even speak English and was enrolled at the American International School. But soon, I learned to make new friends, moved to a British school, and eventually moved to the UK for university. “My parents helped me embrace fundamental principles – to see the world, embrace different cultures, and be open to possibilities – making me believe that I could work and grow through changes. Looking back, I realise that my parents taught me resilience through their actions, jumping into the deep end of unknown environments with me,” she said. Today, Kim adopts a similar approach to life, which is to try new things and give it her best shot while doing so. “In my early days of being a CEO, I struggled with trying to conform to the stereotypical expectations of a CEO or an entrepreneur. I emulated different leadership styles even though it didn’t come naturally to me. I began to focus instead on the operational aspects of the business – problem-solving and meeting customer needs. “I actively collaborated with my team, learning from their expertise and understanding what was necessary to achieve our goals. This marked a shift towards a more hands-on, operational style of leadership,” Kim went on. “As a leader, I remain eager and without preconceptions, as so much of what we do has never been attempted before—it’s become a baseline mode of operations for us at Human Managed,” she added. Having that in mind, Human Managed embraces diversity in all forms, fostering an inclusive culture that values varied perspectives and talents. According to Kim, a key element of the company’s diversity and inclusion strategy is flexibility in roles and responsibilities. Rather than being confined to fixed roles, individuals can explore and contribute to different functions across the platform based on their skills and interests. Many employees at Human Managed have taken on roles different from their educational background, previous jobs, or experience. This approach empowers the team to take ownership of their work and drive initiatives aligned with their passions. “Ultimately, our focus is on the work and the tasks at hand, valuing each individual’s contributions and fostering an environment where everyone feels respected and appreciated. This inclusive mindset is the foundation of our success as a diverse and vibrant team,” Kim said. Bringing Enterprises Advanced Tech Capabilities Central to Human Managed’s approach is its I.DE.A (Intelligence Decision Action) platform – a sophisticated framework comprising modular functions and microservices that integrate data sources and deliver personalised intelligence. “Companies operate in complex data environments with many different technologies working independently. Additionally, there may be older tech architectures that are not effective. “Along with possible tech talent shortage, the business may be using solutions without fully understanding their business context or relying on incorrect metrics, eventually leading to information overload. This, in turn, can cause indecisiveness and inaction, exposing companies to potential threats and missed opportunities,” Kim explained. With I.DE.A, the platform exemplifies Kim’s vision of leveraging AI to solve complex business challenges by integrating data from any source while generating relevant and personalised intelligence, decisions, and actions for cyber, digital and risk use cases. Looking ahead, Karen envisions a future where AI-driven technologies democratise access to advanced tools, catalysing digital transformation and innovation across industries. She advocates for responsible AI deployment, emphasising the importance of data privacy

The Executives

Embracing Change: The Shift to E-Invoicing

In an era defined by rapid digital transformation, Malaysia finds itself at a critical juncture in its economic evolution. As the world embraces technological advancements to streamline business operations and enhance efficiency, Malaysia’s mandatory e-invoicing implementation emerges as a pivotal step towards modernisation. However, the question remains of whether Malaysia can keep up with its neighbours in this digital race. “Traditionally, businesses relied on manual methods to manage invoices, involving tedious processes of data entry and document handling,” explained akaBot Country Manager, Ginny Truc To.   “Invoices were issued in various formats such as PDF, Excel, or Word, leading to inconsistencies and inefficiencies in data management. The manual nature of these processes resulted in delays, errors, and increased operational costs, hindering businesses’ ability to compete in a fast-paced global market,” she said.   Recognising the need for change, Malaysia embarked on a journey towards e-invoicing, following in the footsteps of neighbouring countries like Singapore, Indonesia, and Thailand.    E-invoicing, a digital solution that enables the electronic exchange of invoices between buyers and sellers, promises to revolutionise the way businesses manage their financial transactions. By automating invoice generation, delivery, and processing, e-invoicing offers significant benefits in terms of efficiency, accuracy, and cost savings.    “To assess Malaysia’s progress in e-invoicing implementation, it’s essential to compare its efforts with those of its neighbours.   “Singapore stands out as a pioneer in e-invoicing adoption, leveraging advanced technology and government support to streamline invoicing processes. Indonesia follows suit with a gradual approach to implementation, focusing on compliance strategies and business readiness. Meanwhile, Thailand demonstrates strong government backing and technological infrastructure to drive e-invoicing adoption rates,” Truc To added.   “In contrast, Malaysia’s transition to e-invoicing faces unique challenges and opportunities. While the government has taken proactive steps to promote e-invoicing adoption – including the implementation of regulatory mandates – businesses are still grappling with technological readiness, regulatory compliance, and SME readiness. Despite these challenges, Malaysia has the opportunity to leverage e-invoicing as a catalyst for economic growth and competitiveness in the region,” she continued.   Overcoming Challenges: The Role of Robotic Process Automation (RPA)   According to Truc To, one of the key challenges in e-invoicing implementation lies in managing accounting operations across multiple branches, especially concerning data management and financial reporting.    Inconsistencies in data entry methods, duplication of entries, and delays in data transfer between branches pose significant hurdles to efficient operations. However, Robotic Process Automation (RPA) offers a solution to these challenges by automating repetitive tasks, minimising errors, and improving processing speed.   “RPA solutions like akaBot provide businesses with the tools they need to streamline e-invoicing processes and enhance efficiency,” she explains.    By automating data extraction, validation, and entry into accounting systems, RPA reduces manual intervention and ensures greater accuracy in financial transactions. Moreover, RPA solutions offer scalability, flexibility, and cost-effectiveness, making them ideal for businesses of all sizes and industries.   The Economic Benefits of E-Invoicing and RPA Adoption   “The adoption of e-invoicing and RPA in Malaysia promises significant economic benefits for businesses and the economy as a whole.    “Improved cash flow management, enhanced compliance and transparency, and reduced environmental impact are just some of the advantages of embracing digital solutions. For example, e-invoicing accelerates payment cycles, reduces errors, and simplifies tax audits, leading to cost savings and operational efficiencies,” she affirmed.   Simultaneously, RPA automates repetitive and time-consuming tasks, freeing up human resources for more strategic activities.    “By leveraging these technologies, Malaysian enterprises can enhance their competitiveness, drive innovation, and contribute to sustainable economic growth. Moreover, adopting e-invoicing and RPA aligns with Malaysia’s vision of becoming a digital economy powerhouse in the region,” she added.     Looking Ahead: Ensuring Success in the Digital Age   When it comes to navigating a path to adopt e-invoicing, collaboration between government agencies, businesses, and technology providers will be crucial to a successful transition.   “Government initiatives aimed at promoting e-invoicing adoption, coupled with industry partnerships and innovation, will drive Malaysia’s digital transformation journey forward. Furthermore, continuous investment in technological infrastructure, skills development, and regulatory frameworks will be essential to overcoming challenges and seizing opportunities in the digital age,” she concluded.    By embracing change, Malaysia’s e-invoicing implementation marks a significant milestone in its journey towards digital transformation, which will allow the whole nation to enhance efficiency, improve competitiveness, and drive sustainable economic growth in the region.   With the right strategies, collaboration, and commitment, Malaysia can indeed close the gap and emerge as a digital frontrunner in the ASEAN community.  

The Executives

Getting the Best From Malaysian Talent, Getting the Best From Malaysian Talent, Especially Youths

Malaysia’s Job Market in 2024: Navigating Economic Challenges As Malaysia faces a complex economic landscape in 2024, understanding the dynamics of the country’s job market is crucial for both employers and job seekers. Based on Jobstreet’s platform data, Vic Sithasanan, Malaysia Managing Director, revealed that a significant portion (86.6%) of job seekers are youths aged 18-24. This trend aligns with broader statistics from the Department of Statistics Malaysia (DOSM), noting that 85.4% of the country’s 5.92 million graduates are engaged in the labor force. However, despite the promising youth engagement in the job market, Malaysia’s economic challenges present a mixed outlook. Factors such as the weak ringgit, slow domestic consumption, high inflation rates, and rising costs of living contribute to this complexity. Nevertheless, Sithasanan highlighted that, based on DOSM data, the unemployment rate is relatively low at 3.3% and is expected to remain stable in 2024. “This suggests that many Malaysians remain employed, and job opportunities are available to them,” he added, emphasizing the importance of economic confidence. Sithasanan also noted that the projected GDP growth rate of 4% to 5% in 2024, as reported in the Economic Outlook 2024 by the Ministry of Finance, could spur job creation and offer a positive outlook for job seekers. Empowering Informed Career Decisions To help job seekers navigate the dynamic job market, Jobstreet has integrated advanced AI technologies into its platform. These technologies improve job matching, optimize search results, and personalize recommendations. With job cuts in China affecting the global job market, Malaysian businesses have a unique opportunity to attract local talent by offering competitive employment packages. “We advise employers to review their salary benchmarking and benefits packages,” Sithasanan said, referencing the 2024 Compensation & Benefits report. He also stressed the importance of learning and development opportunities, bonuses, and salary adjustments in maintaining competitive offerings. Addressing the Skills Gap and Retaining Talent Sithasanan acknowledged that the trend of Malaysian job seekers pursuing overseas opportunities poses a challenge for local employers. “As more job seekers look for overseas roles, it creates a large skills gap in Malaysia,” he said. To counter this, Jobstreet by SEEK is promoting initiatives to retain local talent, such as the Top Talents Programme, known as the ‘Digital Expert and Leadership Accelerator’ (DELA). “This programme aims to nurture Malaysian youths to become future digital experts and leaders,” Sithasanan explained. He urged companies to invest in talent development and offer competitive salaries and benefits to attract and retain skilled workers. Citing the Jobstreet 2023 Salary Guide, he noted that 27% of Malaysians prioritize financial compensation as a significant factor when accepting job offers. Despite the challenges, Sithasanan remains optimistic about the Malaysian job market. He said, “Given the current economic climate, the stable unemployment rate and projected GDP growth are both considered as positive signs for the country’s job outlook.”

The Executives

Hyperautomation-The Catalyst for Malaysian The Catalyst for Malaysian Digital Transformation

The Digital Imperative Today, businesses must adapt or risk falling behind. In Malaysia, we see a race to digitize, with companies leveraging emerging technologies to outpace competitors, enhance customer experiences, and cut operational costs, reshaping industries in the process. At the core of this revolution is Hyperautomation—the integration of advanced technologies like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) to automate and optimize complex business processes across various domains. The statistics are telling: 91% of CEOs now consider digital transformation their top priority. A recent study found that over 40% of Malaysian companies have adopted RPA. The reasons for RPA’s popularity include cost reductions of over 80% and improved quality, accuracy, and productivity. The Emergence of Hyperautomation Hyperautomation represents a paradigm shift, blending RPA with cutting-edge technologies like AI and ML, transforming operational processes. While RPA mimics human interaction with software, hyperautomation builds intelligent systems that learn, adapt, and optimize processes from end to end. The Building Blocks of Business Agility RPA is software programmed to execute repetitive tasks, seamlessly integrating with existing systems. This allows “robots” to handle tasks like data entry and order processing, freeing human employees for higher-value activities. AI enhances work processes by analyzing data, identifying patterns, and making decisions. ML, a subset of AI, improves by learning from vast data sets over time. Process Mining is another key aspect, analyzing business processes through data mining event logs to fully understand and optimize them. Incorporating AI, it makes recommendations for further improvements. These technologies, within the hyperautomation framework, transform business functions. Hyperautomation is a sophisticated, adaptable solution that executes end-to-end processes. Hyperautomation in Action: Empowering Digital Transformation Hyperautomation creates 24/7 digital “employees” that handle routine tasks, such as customer inquiries, invoice processing, and data management. This transformation is evident in industries previously reliant on manual data entry, which led to errors, data silos, and scalability issues. For example, a global service provider faced inefficiencies across finance, HR, and document management. By adopting hyperautomation, they automated over 25,000 financial transactions, saving 30,000 labor hours, and streamlined the onboarding/offboarding of over 100,000 employees, saving 100,000 labor hours. Document management was revolutionized with automated archiving. Our RPA and Intelligent Document Processing (IDP) platform provided a unified solution, eliminating data silos and fostering smooth information flow, unlocking insights for better decision-making. Streamlined processes led to faster response times and improved visibility into customer needs. Automated workflows increased transparency, trust, and satisfaction, reducing errors and ensuring consistency. The Rise of Hyperautomation Success stories like these demonstrate why hyperautomation is popular. It’s valuable across industries, elevating the quality and innovation of products and services. It bolsters organizational resilience by enabling early crisis identification and resource reconfiguration. With experienced providers, hyperautomation can be implemented with minimal disruption, adapting to evolving conditions and offering secondary benefits beyond task automation. For adopters, hyperautomation is key to innovation, efficiency, and resilience, empowering businesses to maximize technology’s potential. Cyclone Robotics leads in hyperautomation solutions, helping Malaysian businesses thrive in the digital age by integrating existing systems and accelerating digital transformation. Cyclone Robotics: Leading the Charge in Hyperautomation In today’s world, digital transformation is essential. Hyperautomation equips Malaysian businesses with agility, efficiency, and success. It’s not just a tool for efficiency but a catalyst for transformation, enabling companies to reimagine operations and reach their full potential.

The Executives

From Side Project to Stardom: How a Viral TikTok Transformed HYGR

In their early days in law school, Meng and Ivor discovered that their true passions lay outside the legal field. Despite initially pursuing their studies for financial stability, the modest salaries offered to first-year lawyers in Penang prompted them to reassess their career paths.  The onset of the COVID-19 pandemic provided them with a unique opportunity to embark on a new venture that would redefine their professional journeys. Prior to the pandemic, Meng and Ivor faced numerous rejections from law firms, leaving them disillusioned after years of academic dedication. They made a decisive pivot towards a new direction, conceiving the idea for HYGR overnight in the confines of Meng’s parents’ vacant room.  During the challenging times of the Movement Control Order in May 2020, HYGR was born. Inspired by the Greek goddess of health, Hygeia, founders Meng and Ivor set out to create natural products ranging from natural deodorants and lip balms with eco-friendly packaging.  Leveraging their legal expertise, they swiftly secured a trademark for their brand and launched their products on the e-commerce platform, Shopee with an initial investment of RM1,500, taking advantage of commission-free sales for local vendors.    Despite facing financial difficulties, they relocated to Kuala Lumpur in July 2020 for full-time employment, keeping HYGR as a side project. However, a stroke of luck came when a spontaneous eight-second TikTok video by Ivor showcasing their lip balm went viral. Because of the video, their products sold out within hours and catapulted HYGR into prominence.  Their initial creations, a deodorant and lip balm crafted from natural elements, emphasised their commitment in producing ethical products. With humble beginnings, they later collaborated with a production facility to expand their reach to customers.  During an interview with an online publication, Ivor and Meg mentioned that they balanced multiple commitments while seamlessly integrated their legal expertise into entrepreneurship. At the same time, as Meng focused on corporate contracts, Ivor excelled in content creation, leveraging TikTok for sponsorships and a growing audience.   In 2023, HYGR inaugurated their first goods manufacturing practice (GMP) factory, marking a significant step towards enhancing product quality. By 2024, they achieved a major milestone, transitioning from a small room to their own expansive 10,000 sq ft factory.  This growth is mirrored in their team, which has expanded from just the co-founders to a staff of 15 and it still continues to expand to this day.  Looking forward, HYGR plans to extend its range of eco-friendly personal care products beyond Malaysia into Southeast Asia, driven by their team’s commitment and expanding customer base.  Their journey from legal professionals to successful entrepreneurs underscores their resilience and adaptability, proving that overcoming unexpected challenges can lead to remarkable advancement. 

The Executives

Embracing Technology: From Childhood Coding to Establishing a Digital Marketing Firm

Being exposed to the world of coding early age has become increasingly recognised as a pivotal foundation for future success in the digital age. It allows the new generation to acquire technical skills, cultivating a mindset that embraces innovation and equips young learners with the tools to navigate and shape our technologically driven world. At the tender age of 8, Dhawal Shah’s journey into the world of coding began unexpectedly when it was sparked by a Pentium 386 computer that ran on a DOS operating system. This early exposure – facilitated by supportive parents who enrolled him in computer classes and provided him with his first computer – set the stage for what would become a lifelong passion. “I discovered coding when I found the Nibbles game on QBasic – where you compile the source code to play the game each time. I started messing around with the code, and when I found that the game changed based on my edits, it blew my mind!” he said in an interview with The Exchange Asia. From there, Dhawal’s passion for technology and the capabilities that technology offers ignited his fascination with programming, laying the foundation for his future endeavors. During his high school years, his technological pursuits expanded as he delved into web development using HTML and Javascript. At the time, Dhawal shared that he gained a lot of support from his friends who also shared his enthusiasm for programming. Encouraged by his parents, Dhawal even ventured into formal education in Visual Basic, a programming language for developing Windows software, where he found himself among adult learners – an early testament to his drive and precocious talent. However, his interest in technology is not confined to coding alone but spans across diverse domains. In 2012, Dhawal and his then-schoolmate, friend and business partner who describes Dhawal as the ‘genius troublemaker’, Razy Shah established 2Stallions, a pioneering digital marketing agency headquartered in Singapore. This allowed Dhawal to keep abreast of cutting-edge advancements in AI, blockchain and marketing technology (martech). His fascination with these technologies aligns seamlessly with his business’s core focus – leveraging technology to enhance digital marketing strategies for clients across the Asia-Pacific region. “I am bullish about all Internet-related technologies, for the obvious reason that this is the space my business is in. For the hardware geek in me, I also learn about the latest chipset technology and advancements in robotics,” he added. The inception of 2Stallions was driven by Dhawal’s vision to democratise digital marketing for smaller businesses. What began as an educational initiative evolved organically into a full-fledged digital marketing agency. By offering comprehensive services including SEO, performance marketing, social media management, and web development under one roof, 2Stallions distinguishes itself through streamlined vendor management and a commitment to client success. But establishing 2Stallions wasn’t without its hurdles. In its nascent stages, scepticism towards digital solutions and the challenges of being a bootstrapped startup tested Dhawal and his team. “We originally started with the objective to make digital marketing accessible to smaller businesses. We went about this by educating them on the use of digital marketing. “However, as we shared what we knew, we found that a lot of businesses would rather have it be done for them instead of doing it themselves. One project led to another, and we ended up achieving our objective as a digital marketing firm,” Dhawal shared. Through perseverance and a focus on delivering measurable results, they gained traction and built enduring client relationships. Today, with multiple accolades and a robust team across several countries, 2Stallions stands as a testament to Dhawal’s entrepreneurial resilience and strategic foresight. Looking ahead, Dhawal envisions integrating AI and other emerging technologies to further elevate 2Stallions’ digital marketing offerings. “Being full-service lets us meet all of our client’s digital and development needs in-house – whether it is SEO, performance marketing, social media marketing, marketing automation, creative work or web/mobile development,” he said. By harnessing AI’s capabilities, the firm aims to deliver hyper-personalised, data-driven solutions that optimise client outcomes. Dhawal’s strategic vision extends beyond regional markets, aiming for global recognition as a thought leader in digital marketing innovation. What started as a childhood curiosity in coding to founding and leading 2Stallions exemplifies the transformative power of early technological exposure and entrepreneurial spirit. Dhawal’s story underscores the importance of passion, perseverance, and a forward-thinking approach in navigating the dynamic landscape of digital marketing and technology. As 2Stallions continues to evolve and innovate, Dhawal remains steadfast in his commitment to pushing boundaries and delivering exceptional results – a testament to his enduring impact on the digital marketing industry. “Our clients love the easier vendor management, ease of adopting new ideas and innovations for their digital marketing strategy and transparency in their results across all channels. We position ourselves as a strategic partner invested in the success of our clients. “It also doesn’t hurt that we have won awards as an agency for our client work and our team members have been recognised in their domains as well!” he ended.

The Executives

Empowering SMEs in Malaysia through Sustainability Reporting

Sustainability reporting is becoming increasingly recognised as a strategic necessity rather than an ethical choice, particularly for small and medium-sized enterprises (SMEs) in Malaysia. According to ACCA Asia Pacific Public Affairs Manager, Daniel Teoh, sustainability initiatives not only bolster resilience against operational risks but also enhance the reputation and stakeholder relations. By prioritising sustainability, SMEs position themselves for long-term success in a global marketplace that increasingly values environmentally and socially responsible practices.  In Malaysia, the government has taken a proactive approach to addressing climate change, as demonstrated by the 12th Malaysia Plan and incentives like the Green Investment Tax Allowance and Green Income Tax Exemption.  “These initiatives create favourable conditions for SMEs to adopt sustainable practices. By embracing these programs, SMEs can access new opportunities and enhance their competitive advantage,” said Teoh. The integration of sustainability into business operations tends to significantly enhance stakeholder relations. The 2023 Malaysian Budget underscores this, with Bank Negara Malaysia (BNM) allocating RM2 billion to facilitate SMEs’ adoption of low-carbon practices, which aims to reduce carbon emissions while fostering innovation and competitiveness within the SME sector.  “As global sustainability standards become mandatory, Malaysian SMEs can gain a favourable reputation among stakeholders by prioritising sustainability. This not only improves business relations but also opens up new avenues for growth and collaboration,” Teoh told The Exchange Asia. According to him, the ACCA recommends that SMEs embark on their sustainability journey by integrating sustainable practices into every aspect of their operations. Key steps include gathering relevant and reliable data to assess current sustainability initiatives and identify risks, learning from other businesses and industries through benchmarking, identifying sustainability issues with a significant impact on the business through materiality assessment, developing and setting goals for sustainability, and embedding the sustainability strategy into business operations through operational integration. When SMEs embark on sustainability reporting, it’s crucial to be aware of some common pitfalls, especially since integrating environmental, social and governance (ESG) data with financial reporting requires careful attention due to differences in methodologies and timelines. “It is also crucial to have a comprehensive understanding of the business’s operations and their environmental and social impacts. “Additionally, it’s important to avoid greenwashing by refraining from making misleading claims about sustainability efforts to maintain credibility, and because stakeholder accountability is key, authenticity in sustainability claims should be ensured through rigorous due diligence,” Teoh explained. Despite the potential advantages, less than 45% of SMEs benefit from technical support in sustainability reporting. Challenges in this area include difficulties with data collection and standardisation, limited resources, and the lack of common metrics and guidelines. To mitigate such situations, ACCA provides a range of toolkits and certifications, including the ACCA Certificate in Sustainability for Finance and ACCA Certificate in Integrated Reporting, which are designed to provide finance professionals with the essential skills needed for effective sustainability reporting. Beyond compliance and reputation, robust sustainability reporting offers long-term benefits, which includes better positioning for government incentives, improved internal processes, and new business opportunities. By demonstrating a commitment to sustainability, SMEs can secure supply chain partnerships, reduce social and environmental risks and gain a competitive edge. Looking ahead, SMEs should be aware of emerging trends such as the increasing importance of ESG compliance in tenders and the growing advocacy for ESG integration by industry leaders. Early implementation of sustainable practices will help SMEs stay competitive and navigate evolving market demands effectively. Hence, Teoh concluded by saying that embracing sustainability reporting is a strategic move for SMEs in Malaysia, offering multifaceted benefits that extend beyond compliance. By integrating sustainable practices into their core business strategies, SMEs can enhance stakeholder relations, unlock new opportunities, and position themselves for long-term success in a dynamic global marketplace.  

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