Latest news with #MohdAzamanizamBaharon
Malay Mail
a day ago
- Business
- Malay Mail
Anwar calls for united front to strengthen Bumiputera entrepreneur development
KUALA LUMPUR, Aug 14 — Prime Minister Datuk Seri Anwar Ibrahim said stronger coordination among implementers of Bumiputera entrepreneur development initiatives is crucial to ensure efforts are focused, complementary, and make the most of each party's strengths. In a Facebook post, Anwar said he had emphasised this point when receiving a courtesy call from Malay Traders and Entrepreneurs Association (Perdasama) president Mohd Azamanizam Baharon and his delegation yesterday. 'During the meeting, I stressed the rationale and commitment of the government regarding the Bumiputera development agenda, which needs to be understood and embraced by all associations, including Perdasama. 'The government welcomes the proposed initiatives put forward by Perdasama, and I am confident that this strategic collaboration will have a greater impact in strengthening the Bumiputera business ecosystem and expanding the country's economic opportunities,' he said. The Prime Minister added that as an association representing 27,263 Bumiputera companies, Perdasama has played an important role in harnessing the energy, expertise, and networks among its members. — Bernama
New Straits Times
3 days ago
- Business
- New Straits Times
13MP: Digitalisation empowers MSME to face evolving business landscape, market challenges
PUTRAJAYA: Digitalisation is increasingly recognised as the key to empowering micro, small, and medium enterprises (MSMEs) to become more efficient, competitive, and sustainable in the long run, hence the emphasis clearly outlined in the 13th Malaysia Plan (13MP). No longer a matter of choice, digital adoption has become a strategic necessity to ensure the survival and growth of MSMEs, especially amid rapidly evolving business landscapes and market challenges. President of the Malay Businessmen and Industrialists Association of Malaysia (PERDASAMA), Mohd Azamanizam Baharon, told Bernama that digital technologies have had a significant impact in helping MSMEs streamline their daily operations more efficiently and effectively. "Digital tools such as point-of-sale (POS) systems, automated accounting, cloud-based inventory management, and customer relationship management (CRM) applications have enabled MSMEs to manage their operations faster, more systematically, and with greater precision," he said. In fact, he said digital platforms like Shopee, Lazada, TikTok Shop, and social media channels such as Instagram and Facebook have allowed MSMEs to market their products and services to a much broader audience, unbounded by geography. "These platforms also provide access to user data, market trends, and customer feedback, enabling entrepreneurs to tailor their offerings more strategically. MSMEs are no longer competing solely in local markets, they now have opportunities to break into regional and global arenas," Azamanizam explained. When asked how digitalisation helps reduce operational costs, he said automation cuts down on labour needs, optimises logistics, and improves inventory monitoring. "For example, digital invoicing and e-payment solutions save time and money on printing, postage, and manual cash handling. "Digital marketing investments are also far more cost-effective than traditional advertising. MSMEs can further tap into technologies like artificial intelligence (AI) and data analytics to forecast market demand and avoid resource wastage," he explained. According to the 13MP document, MSMEs play a critical role in driving the country's socioeconomic development, and are central to achieving the target of increasing MSMEs' contribution to Malaysia's GDP by 2030. Under the 13MP, Malaysia aims to create 700,000 new jobs in the manufacturing sector and an additional 500,000 careers in the digital economy, reflecting the government's digital-first agenda. The plan focuses on three key policies, one of which includes enhancing overall economic complexity to create value across all sectors, with digitalisation and advanced technologies, particularly AI, positioned as the core drivers. Meanwhile, Azlan Zainal Abidin, chief executive officer of digital solutions company Awantec, described digital transformation as a primary catalyst for MSME growth. He said that the adoption of cloud computing and AI allows MSMEs to access sophisticated digital tools without heavy capital investment. "With cloud-based solutions, MSMEs can leverage cutting-edge technologies through affordable subscriptions. This enables them to scale operations more rapidly and efficiently, with e-invoicing being one such example," he said. The 13MP was tabled in Parliament by Prime Minister Datuk Seri Anwar Ibrahim on July 31.
The Sun
3 days ago
- Business
- The Sun
13MP: Digitalisation empowers MSME to face evolving business landscape, market challenges
PUTRAJAYA: Digitalisation is increasingly recognised as the key to empowering micro, small, and medium enterprises (MSMEs) to become more efficient, competitive, and sustainable in the long run, hence the emphasis clearly outlined in the 13th Malaysia Plan (13MP). No longer a matter of choice, digital adoption has become a strategic necessity to ensure the survival and growth of MSMEs, especially amid rapidly evolving business landscapes and market challenges. President of the Malay Businessmen and Industrialists Association of Malaysia (PERDASAMA), Mohd Azamanizam Baharon, told Bernama that digital technologies have had a significant impact in helping MSMEs streamline their daily operations more efficiently and effectively. 'Digital tools such as point-of-sale (POS) systems, automated accounting, cloud-based inventory management, and customer relationship management (CRM) applications have enabled MSMEs to manage their operations faster, more systematically, and with greater precision,' he said. In fact, he said digital platforms like Shopee, Lazada, TikTok Shop, and social media channels such as Instagram and Facebook have allowed MSMEs to market their products and services to a much broader audience, unbounded by geography. 'These platforms also provide access to user data, market trends, and customer feedback, enabling entrepreneurs to tailor their offerings more strategically. MSMEs are no longer competing solely in local markets, they now have opportunities to break into regional and global arenas,' Azamanizam explained. When asked how digitalisation helps reduce operational costs, he said automation cuts down on labour needs, optimises logistics, and improves inventory monitoring. 'For example, digital invoicing and e-payment solutions save time and money on printing, postage, and manual cash handling. 'Digital marketing investments are also far more cost-effective than traditional advertising. MSMEs can further tap into technologies like artificial intelligence (AI) and data analytics to forecast market demand and avoid resource wastage,' he explained. According to the 13MP document, MSMEs play a critical role in driving the country's socioeconomic development, and are central to achieving the target of increasing MSMEs' contribution to Malaysia's GDP by 2030. Under the 13MP, Malaysia aims to create 700,000 new jobs in the manufacturing sector and an additional 500,000 careers in the digital economy, reflecting the government's digital-first agenda. The plan focuses on three key policies, one of which includes enhancing overall economic complexity to create value across all sectors, with digitalisation and advanced technologies, particularly AI, positioned as the core drivers. Meanwhile, Azlan Zainal Abidin, chief executive officer of digital solutions company Awantec, described digital transformation as a primary catalyst for MSME growth. He said that the adoption of cloud computing and AI allows MSMEs to access sophisticated digital tools without heavy capital investment. 'With cloud-based solutions, MSMEs can leverage cutting-edge technologies through affordable subscriptions. This enables them to scale operations more rapidly and efficiently, with e-invoicing being one such example,' he said. The 13MP was tabled in Parliament by Prime Minister Datuk Seri Anwar Ibrahim on July 31. - Bernama
