Open For Business

BFM Media

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

  1. 1d ago

    The RM100M Bet on Automated Parking

    In Japan and South Korea, parking a car is entirely automated. You drive into a bay, turn off your engine, and walk away while a robotic system lifts and stores your vehicle in a multi-level tower. There are no ramps, no circling for spots, and no wasted space. Yet in Malaysia, this highly efficient infrastructure remains virtually unseen. Ir. Yow Kai Yong has spent the last 14 years trying to change that. A consultant engineer with two decades of experience in Malaysia's property development sector, he started Parktech Solutions in 2011 with four other co-founders. As co-founders eventually left due to a sluggish market, he became the last person standing, officially taking over the company in 2021. Today, that persistence is paying off in a massive way. Parktech Solutions is now preparing to install one of the largest automated car parking systems in ASEAN at Milla Residence in Wangsa Maju. Built in partnership with Beverly Group and South Korea's Samjung Tech, the project features 2,358 bays and 21 car lifts, pushing the company's order book to a RM100 million. Kai Yong joins us to discuss the business and mechanics of automated car parking systems. We cover what it takes to survive for over a decade pushing a product the local market wasn't ready for, the sudden shift driving their eight-figure revenue projections for 2026, and why robotic parking is no longer just a luxury convenience, but a critical sustainability and urban density play that Malaysian developers can no longer ignore. See omnystudio.com/listener for privacy information.

    28 min

About

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

More From BFM89.9

You Might Also Like