Enterprise Explores

BFM Media

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

  1. 1 DAY AGO

    Malaysia’s 59 IPOs Raised $1.4B, Singapore’s 13 Raised $2B

    In 2025, Malaysia had 59 IPOs raising US$1.4 billion, the highest volume in the region, but when we look at the money, Singapore raised US$2 billion with just 13 deals. So Malaysia won on volume, but Singapore won on value. Wong Kar Choon from Deloitte Malaysia joins BFM Enterprise Explores to unpack the structural differences driving this divide. While Bursa Malaysia has become the region's engine for SME growth, with 44 of those 59 listings occurring on the ACE Market, Singapore continues to be the "global capital gateway" for high-value institutional deals in the region We discuss: The Valuation Gap: Why Malaysia’s domestic-driven market supports volume but caps valuations, unlike Singapore’s access to global funds. ACE Market Dominance: With 44 out of 59 listings occurring on the ACE Market, we ask if Malaysia is becoming a "volume factory" for small caps rather than a home for regional champions. The "Silicon Valley" Paradox: Why the narrative of Malaysia as the "Silicon Valley of the East" hasn't translated into a wave of semiconductor listings, and whether the real value is locked in MNCs and Private Equity. "Real Tech" vs. "PowerPoint Tech": The new criteria for 2026, where investors demand profitability and cash flow over growth stories. The 2026 Playbook: How Malaysia can move from "Recovery" to "Reinvention" by attracting foreign institutional capital and hosting marquee IPOs in AI and data infrastructure. See omnystudio.com/listener for privacy information.

    28 min
  2. 4 FEB

    How AI is Starving the Internet

    For decades, the internet ran on a simple economic contract: creators publish content, search engines organise it, and humans click on it. That click was the currency of the open web. But in 2025, that contract is unraveling. Nan Hao Maguire of Cloudflare reveals that the internet is shifting from a human utility to a "Machine-to-Machine Economy." With AI crawlers like Google Bot consuming data without sending traffic back, we are seeing a 24-25% "referral deficit" that threatens to bankrupt the creator economy. We also dive into the dark side of this shift: the rise of Agentic AI and autonomous cyber threats. Cloudflare’s data shows a terrifying escalation in brute force, with the Aisuru botnet hitting peak attack rates of 31.4 terabits per second, a scale that legacy infrastructure simply cannot survive. We discuss: The Broken Contract: How AI crawlers are creating a "referral deficit" by scraping answers without providing clicks, forcing creators toward "pay-per-crawl" licensing models. The Machine Web: Why 31% of all internet traffic is now bot-originated, and how we are moving from "AI as a tool" to "AI as a teammate" (Agentic AI). The Aisuru Escalation: The massive leap in cyber attack volume from 7.9 Tbps to 31.4 Tbps in just months, and why most providers fail past the 20 Tbps mark. Malaysia’s Vulnerability: Why "People in Society" (individuals) have become the #1 cyber target in Malaysia, surpassing banks and government agencies. Autonomous Defense: The shift toward "AI vs. AI" warfare, where autonomous defense systems are the only way to counter agentic attacks. The Quantum Leap: The silent positive trend of Post-Quantum Encryption, which has jumped from 30% to 52% adoption on Cloudflare’s network. See omnystudio.com/listener for privacy information.

    37 min
  3. 3 FEB

    Star Trek or Wall-E? When AI Does Everything

    We often talk about AI disrupting jobs, but Peng T. Ong (Co-Founder of Monk's Hill Ventures) is talking about something far more absolute: a singularity. In his essay, "The Economic Singularity: Life as Work Transforms," Peng argues we are approaching a tipping point where the marginal cost of labor and knowledge trends to zero. When AI can write code, draft contracts, and generate strategy decks faster and cheaper than humans, the traditional engine of the economy, trading labor for wages, breaks down. So, what comes next? Will we live in a "Star Trek" utopia of exploration, or a "Wall-E" dystopia of consumption? We discuss: Defining the Singularity: Why the economy faces a "Blue Screen of Death" when infinite productivity meets zero-cost intelligence. The 7 Future Worlds: From the "Star Trek" pursuit of discovery to the "Backup World" where communities preserve pre-tech skills for resiliency. The Vulnerability Paradox: Why unregulated white-collar jobs (consultants, investors) are on the chopping block before blue-collar trade work. UBC vs. UBI: The critical difference between giving people a salary (Income) versus giving them a stake in the means of production (Capital). The "Entrepreneurial" Shift: How education must pivot from vocational training to teaching children how to create value in a post-labor world. The Open Source Defense: Why the value of AI models themselves will drop to zero, preventing any single corporation from holding a monopoly on intelligence. See omnystudio.com/listener for privacy information.

    37 min

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