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 Trade and Industry Malaysia. Her session, ‘Maintaining Strategic Interests in Critical Value Chains’, focused on the salient question – how do nations compete?
Panellists addressing disruptions in the supply chain at the MGBF Roundtable on ‘Security Concerns in Critical Value Chains’ on 24 May 2022 at Eastin Hotel Kuala Lumpur. From left: ACP Sarifudin Bin Mohd Salleh, Head of Traffic Investigation and Enforcement Department, Royal Malaysia Police (PDRM); Francis Koh, Head of Career Development, Digital Nasional Berhad; Senator Datuk Ras Adiba Radzi, Chairman of BERNAMA; M. Umapathy Sivan, Former CIO of Telekom and Chief Technology Officer of Novem CS Sdn Bhd; and Ruzanna Muhammad, Editor-at-Large for News Hub Asia. Source: MGBF
Also playing a key role was Yang Berhormat Senator Datuk Ras Adiba Radzi, Chairman of BERNAMA, who has continued to champion the role of persons with disabilities (PWDs) within the context of economic recovery post-COVID-19. Her session on ‘Addressing Disruption in Supply Chains’ explored the use of technology that will empower individuals to become more productive and contribute in a more meaningful way to the nation’s gross domestic product (GDP).
Founding Chairman of the Malaysia Global Business Forum, Nordin Abdullah, said, “The threat matrix is fluid. Geopolitics and the cyber realm have become front-of-mind issues for CEOs looking to grow market share in a consistently disrupted global business environment.
“The strategic environment is dynamic and it has impacted the way countries and corporations must define sustainability and survivability. The pathway to sustainable profits, especially looking at the next five years, is about taking a position in a critical value chain. And to be the most relevant component in any given critical value chain.
“The end goal must be the establishment of sovereign ecosystems based on trust. This trust must be found at all levels including the various suppliers within a supply chain.
“Malaysia must be positioned in globally relevant critical value chains especially technology that leads to the overall electrification of the way we live, including electronic vehicles (EVs). Food security and components of the food supply chain remain critical to avoid inflation.
“At the domestic level, the Malaysia government continues to prioritise policies that ensure the people are shielded by the impacts of geopolitical disruptions. With the government continuing to invest in the digital-physical security equation, this bodes well for attracting the right type of investors. This is the opportunity for the country as it represents a solution to international business partners,” concluded Nordin.
Speakers at the event include Col. Ts. Sazali bin Sukardi, Senior Vice President, Strategic Research Division, CyberSecurity Malaysia; ACP Sarifudin Bin Mohd Salleh, Head of Traffic Investigation and Enforcement Department, Royal Malaysia Police (PDRM); Francis Koh, Head of Career Development, Digital Nasional Berhad; M. Umapathy Sivan, Former CIO of Telekom and Chief Technology Officer of Novem CS Sdn Bhd; Rizal Kamaruzzaman, Deputy Chairman of Malaysia Global Business Forum and Executive Director of Tindakan Strategi Sdn Bhd; and Executive Chairman of Advanced Security Network, Murugason R. Thangaratnam. The fireside chat was moderated by Ahmad Khairol Shafizan Johari, Lead Editor/Forward Planning Editor of Astro Awani, while 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
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Upcoming Events
Boycotts are not new. Boycotts are not pretty. Boycotts are about creating fear. The question for business leaders is how to deal with this specific type of crisis before, during, and after a brand or a company has been targeted.
In the year since the change of government, hundreds of billions in bilateral investments have been announced. Beyond the media headlines, what are the opportunities for businesses to grow in Malaysia in 2024?
A series of networking sessions with various business associations and trade organisations exploring high-value opportunities for business leaders and entrepreneurs looking to build the relationships that matter.
This integrated event will include a forum, dedicated business matching, site visits, a gala dinner and a round of golf. Aptly themed, the focus will be on regional food security issues and trends in the context of the supply chain, agriculture technology and trade regulations and policies.
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