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BFM Media

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

  1. 22 HR AGO

    Beyond SME Survival: Using AI & Branding to Thrive in 2026

    For Malaysian SMEs, 2025 was a defensive year, graded a modest C+ (or B-) by SAMENTA. It was a year defined by uneven recovery, compliance shocks (from e-Invoicing to SST hikes), and the "Second China Shock" squeezing local businesses. For 2026, Datuk William Ng, National President of SAMENTA, outlines a strategy of "Selective Offense”. We discuss why businesses must prioritise cash preservation over aggressive expansion, how to navigate the talent crisis exacerbated by minimum wage hikes, and why "financial hygiene" is the key to unlocking bank financing and private equity. We also explore why branding is the only true leverage SMEs have left to regain pricing power in a market where costs are spiraling. NOTE: This interview was recorded prior to Prime Minister Datuk Seri Anwar Ibrahim delivering his 2026 New Year Message. After reaching out to Datuk William for his reactions, updated commentary on the extended e-invoicing transition period to 12months and SST revisions has been woven into the conversation. We discuss: The 2025 Review: Why export-oriented SMEs thrived while domestic players struggled. The 2026 Strategy: Why "Selective Offense" and automation are the themes of the year. The Talent Crisis: How minimum wage hikes and the gig economy are hollowing out the workforce. The AI Reality: Moving from fear to practical use cases like ESG reporting and demand forecasting. The Equity Question: What to know before selling a stake to Private Equity. See omnystudio.com/listener for privacy information.

    34 min
  2. 1 DAY AGO

    Crypto's Overexuberant 2025: From Hype to Tokenisation

    If 2024 was the year of recovery, 2025 was the year of "overexuberance followed by utter deflation." While market cap peaked at $4.2 trillion and Bitcoin hit a high of $126k, the market has since cooled, with Bitcoin struggling to break past $100k since mid-November. But looking past the price action, the real story was the quiet rise of institutional plumbing. Hann Liew, Founder and CEO of Halogen Capital, joins BFM to review a volatile 2025 and outline the outlook for 2026. We discuss: The 2025 Scorecard: Hann describes the year as "overexuberance," where a pro-crypto US administration drove hype that outpaced reality. However, the market floor is now significantly higher than previous cycles. The Genius Act: How new US legislation has legitimised stablecoins, forcing major banks like JP Morgan to explore the "blockchainisation" of their internal systems. The $300B Stablecoin Utility: Beyond trading, stablecoins are now essential infrastructure. Hann explains why you can't have a tokenised bond market without tokenised cash to settle it. Tokenising Real World Assets (RWAs): How tokenisation upgrades assets from paper certificates to immutable code. We explore the potential for a tokenised bond and what it could mean for Malaysian capital markets. Bots Paying Bots: The intersection of AI and Crypto. Hann explains why AI agents can't open bank accounts, making stablecoins the essential currency for the emerging "machine-to-machine" economy. Outlook 2026: Why the lack of a "blow-off top" is a sign of maturity, the potential passing of the Clarity Act, and why fiat currency debasement remains the ultimate long-term tailwind. See omnystudio.com/listener for privacy information.

    47 min
  3. 2 DAYS AGO

    Economy Gets an ‘A’ in 2025, But a Tariff Shock in 2026?

    Malaysia’s economy scored an ‘A’ in 2025, with strong GDP growth and a strengthening Ringgit. But with slowing global growth and US tariffs looming, was 2025 a fluke or a foundation? Pankaj Kumar, Managing Director of Datametrics Research & Information Centre (DARE), joins BFM to kick off our "2025 Review & 2026 Outlook" series. We unpack the disconnect between stellar macro data and the "ground reality" of rising costs, and why the full impact of US trade policy might hit Malaysia like a tsunami in 2026. NOTE: This interview was recorded just before the US attacked Venezuela and captured its President Nicolás Maduro. As such, this development is not reflected in the conversation. We discuss: 2025 Report Card: Pankaj grades Malaysia’s GDP performance an ‘A’, driven by a surprise 17.7% surge in net exports in Q3 and the successful rollout of the BUDI 95 subsidy rationalization. The "Feel Good" Gap: Why businesses and consumers aren't feeling the growth. Pankaj attributes this to the booming e-commerce sector killing retail footfall, low wages, and the compliance costs of new taxes like the widened SST. Cabinet Reshuffle & Governance: Pankaj welcomes the recent appointments but argues the Prime Minister should relinquish the Finance Minister portfolio to ensure better governance. The Trump Factor: Malaysia navigated the "liberation day tariffs" well with a reciprocal 19% rate, but Pankaj warns that 2025’s export numbers were inflated by "front-loading" demand, meaning the real pain will arrive in 2026. Outlook 2026: With the US and China slowing down, Malaysia must pivot to domestic demand and broader investments to sustain growth as export momentum fades. Ringgit to 3.80? Why Bank Negara will likely hold rates steady, and Pankaj’s bold prediction that the Ringgit could head back towards its peg-era level of 3.80 as the US dollar’s safe-haven status erodes. Investment Strategy: Navigating the risks of a "Trump-friendly" Fed Chair and why Pankaj is bullish on precious metals, specifically arguing that platinum is undervalued relative to gold. See omnystudio.com/listener for privacy information.

    37 min

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