Earning income using Star technology

It is expected that local enterprises, especially small and medium-sized enterprises (SMEs), will soon adopt the experience as a method of dealing with the beginning of the last 12 months, although additional investments may be justified to achieve these results. should be included in the priorities.

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This was one of the many details revealed during the group’s dialogue on the third digital opportunity in the framework of the EEA 2021 webinar series entitled “Alternatives to Digitalization: the Future of export markets””

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The main focus was on how companies can use their experience to improve their export practices, the session was attended by Raj Tatavarti, CEO and Chief Specialist in Corporate Banking, General Chartered Malaysia Financial institution, Jacob Isaac, CEO of Fusionex Group and Malaysia Exterior Trade Improvement. Transformation Corp (Matrade) and the digital commerce division were focused on. Izam Abdul Hamid, Deputy Director of the Digital Commerce Department, intervenes on this topic.

Kang yu Jin, managing director of Bhadchart Digital and Print from Star Media Group (pictured below), speaking as moderator of the panel discussions, acknowledged that companies are facing a pandemic and the closure of the country’s borders in their efforts to increase their market share. should be considered as a doubling opportunity. Abroad, as an option to meet the domestic market.

Before the pandemic, the overall progress in the introduction of digital technologies among SMEs ranged from 9% to 10%, but only during the 2020 pandemic, they increased to more than 20%, as consumer trade companies support consumer trade companies, catch up with players about digital transformation over the same period, Raj Tatavarti reported. Managing Director and head of a risk bank in an ordinary chartered financial institution in Malaysia.

“Coaching and digital culture are crucial for cost-effective digital transformation of a business. SMEs have demonstrated resilience and have quickly adapted to the digitization of their front-end processes, which is akin to creating websites.

“Nevertheless, there are two points of digitization, and it is equally important for SMEs to strengthen their internal processes by administering stocks, analyzing and adding information,” he admitted.

Izam Matreda agrees with his point of view. He added that based on the Matred initiative aimed at helping Malaysian companies expand and expand export markets over the past few months, SMEs have been able to improve business efficiency, enhance customer experience and improve company performance. e-commerce and digital commerce., used his experience to open up new platforms for B2B conferences and webinars. among other things.

According to Jacob Isaacs, managing director of Fusionex Group, companies that have just started their digital transformation will develop sooner or later, as their work on using experience will evolve over time.

Based on the growth in the volume of operations, he compared this progress with the individual transformation of the Fusionex group over the years, noting that expertise can become a driving force thanks to effective predictive and prescriptive analytics that can generate revenue. it can also help to develop

Speaking about the local economy and presenting a profile of international progress, Jonathan ko, economist at Singapore Asia Normal Charter financial institution, said that although strong international progress is expected this year, the bank is taking a cautious approach, given the uneven nature of the economy. Economic recovery in different countries.

He suggested that companies focus on their own supply chains, as many countries may move their supply chains or production traces to their own international facilities, which will further affect international trade.

Another place he has glorified is the geopolitical threat to financial recovery, for example, tensions between the United States and China can have a financial impact through sanctions.

Regarding export efficiency, Koh said that the 2 components supporting Malaysia’s export growth are a jump in the value of commodities and an increase in demand for semiconductors in the electronics sector.

More broadly, Divya Devesh, head of currency analysis at Singapore’s ASA general Financial Institution (pictured below), said that the efficiency of exports from Asia should remain exceptionally high, which should support regional currencies.

“We expect that, given the strong fundamentals of the Malaysian ringgit, it will estimate these 12 months with a target of $4.10-MYR by the end of June and $4.00 by the end of December, as the rising cost of raw materials increases exports and the growth of the country’s ringgit,” he said, adding that the financial institution believes that the ringgit is probably the least valuable foreign currency in Asia.

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