
MyEG changes name to Zetrix AI effective July 3
In a filing with Bursa Malaysia, the company said its stock short names would be changed from MYEG to ZETRIX
"The stock number remains unchanged,' it added.
MyEG is a concessionaire for the Malaysia Electronic-Government MSC Flagship Application, builds, operates and owns the electronic channel to deliver services from various government agencies to Malaysian citizens and businesses. - Bernama
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Free Malaysia Today
4 hours ago
- Free Malaysia Today
Groups warn of productivity losses from Sept 15 additional public holiday
The Malaysian Employers Federation said while it appreciates national celebrations and commemorations, such observances must be balanced with economic realities and the long-term competitiveness of Malaysian businesses. PETALING JAYA : An employers' group and a business association have expressed concern over the impact the additional public holiday on Sept 15 may have on business operations. In a televised address today, Prime Minister Anwar Ibrahim announced that Sept 15 would be designated as an additional public holiday in conjunction with Malaysia Day. In a statement to FMT, the Malaysian Employers Federation said the extra public holiday warrants careful reconsideration because of its financial and operational impact as such holidays disrupt production schedules, logistics chains, and service continuity. 'This disruption results in lower output, delays in fulfilling delivery commitments, increased costs from rescheduling or deferring operations, and reduced overall productivity, especially for SMEs already operating on tight margins,' MEF said. It also said additional public holidays translate to increased wage bills, with preliminary estimates suggesting that each extra holiday could cost Malaysian employers over RM1 billion collectively. MEF said the practice of declaring ad hoc public holidays, often without broad stakeholder consultation, may affect Malaysia's image as a predictable and business-friendly destination. Noting that investors seek clarity and certainty in policymaking, it warned that repeated instances of surprise public holidays risk undermining investor confidence, particularly among foreign investors. 'While MEF appreciates national celebrations and commemorations, such observances must be balanced with economic realities and the long-term competitiveness of Malaysian businesses,' it said. In a separate statement, Small and Medium Enterprises Association (Samenta) president William Ng said that while he appreciates the symbolic importance of celebrating Malaysia Day, additional public holidays, especially those announced on short notice, can be disruptive for SMEs. He said the added holiday would increase costs for SMEs in terms of lost productivity, overtime pay, and delivery delays. 'We urge the government to conduct impact assessments before declaring unscheduled holidays,' he said. Ng also welcomed the encouraging economic indicators shared by Anwar in his address, particularly stronger GDP growth, improved global competitiveness rankings, and a more stable ringgit. 'However, we urge the government to ensure that the benefits of this growth are meaningfully felt by the SME sector, which continues to face persistent challenges in accessing financing, addressing labour shortages, and adapting to rising operational costs,' he said. He also called for greater support to help SMEs manage cost pressures, particularly through wage subsidies, targeted tax relief, and automation grants. Earlier today, human resources minister Steven Sim said employers must comply with the declaration of the additional public holiday in conjunction with the Malaysia Day celebration. Bernama reported him as saying employers could observe the additional public holiday and pay regular salaries, or instruct their employees to work and pay them according to the public holiday rates. 'Employers can also opt to give a replacement holiday on another day if their employees are required to work on that public holiday,' he said.


Focus Malaysia
5 hours ago
- Focus Malaysia
Sellers, buyers and platforms must work together to keep Malaysia's MSMEs competitive
THE Wawasan Institute for Policy Excellence (Wawasan) is urging for a more constructive and collaborative approach to discussions surrounding Malaysia's digital commerce landscape. At a time when local micro, small and medium enterprises (MSMEs) face mounting competition, platforms that actively invest in enabling seller success must be recognised and supported. Rather than focusing narrowly on pricing debates, Wawasan believes attention should be placed on how digital platforms are empowering Malaysian MSMEs by offering access to training, AI-powered analytics, performance insights, and trusted delivery and transaction systems. 'We need to move away from a binary framing of sellers versus platforms. In reality, both are deeply interconnected and so are their futures,' said Wawasan founding director Tarmizi Anuwar. 'A strong digital economy is only possible when sellers, buyers, and platforms work together to build trust, efficiency and growth.' Wawasan noted that some platforms in Malaysia have made significant investments to strengthen the seller ecosystem. For instance, widely available seller education programmes such as free online classes and masterclasses on campaign participation, digital marketing, and content creation have helped many small businesses upskill and stay competitive. Real-time tools that provide data on product performance, buyer demographics, and market trends also help sellers optimise their listings and pricing more effectively. In addition, improvements in logistics infrastructure, such as same-day or next-day delivery options and self-collection at pickup points, have become increasingly common. These services not only benefit consumers, but also directly improve order completion rates and reduce cancellations for sellers. Many platforms also offer built-in buyer protection and return mechanisms, which reinforce consumer trust and in turn drive repeat purchases, ultimately benefitting seller performance. 'These features aren't just technical upgrades; they're strategic investments into seller success. Every ringgit spent improving logistics or buyer confidence helps sellers secure more loyal customers,' added Tarmizi. As Malaysia continues to pursue its MyDigital agenda, Wawasan believes platforms that prioritise local MSME development should be part of the national strategy. These are not just online marketplaces, they are digital infrastructure partners helping entrepreneurs grow sustainably. Wawasan also warned that as international players continue to enter the Southeast Asian market, Malaysian MSMEs will face increasing price pressure. Undermining the local platforms that support sellers could leave small businesses more vulnerable to undercutting by foreign competitors offering low-cost goods without reinvesting in the local economy. 'We need to recognise that Malaysia's MSMEs don't just need a place to sell, they need partners that help them grow, compete and scale,' Tarmizi pointed out. 'When platforms provide the tools, infrastructure, and insights to do this, it benefits not just the seller, but the whole economy.' Wawasan concluded by calling for open dialogue and partnership between government, platforms, and seller associations to build a resilient, inclusive and competitive e-commerce landscape. 'The health of our digital economy depends on how well we collaborate. When platforms succeed in lifting sellers, we all win. That's the spirit Malaysia must move forward with,' concluded Tarmizi. ‒ July 23, 2025 Image: Shutterstock


The Sun
6 hours ago
- The Sun
‘Empower MSMEs in digital commerce'
KUALA LUMPUR: The Wawasan Institute for Policy Excellence (Wawasan) is urging a more con-structive and collaborative approach to discussions surrounding Malaysia's digital commerce landscape. The association said that at a time when local micro, small and medium enterprises (MSMEs) face mounting competition, platforms that actively invest in enabling seller success must be recognised and supported. Rather than focusing narrowly on pricing debates, Wawasan believes attention should be placed on how digital platforms are empowering Malaysian MSMEs by offering access to training, AI-powered analytics, performance insights, and trusted delivery and transaction systems. 'We need to move away from a binary framing of sellers versus platforms. In reality, both are deeply interconnected, and so are their futures,' Wawasan founding director Tarmizi Anuwar said in a statement. He said a strong digital economy is only possible when sellers, buyers, and platforms work together to build trust, efficiency and growth. Wawasan noted that some platforms in Malaysia have made significant investments to strengthen the seller ecosystem. For instance, widely available seller education programmes such as free online classes and masterclasses on campaign participation, digital marketing, and content creation have helped many small businesses upskill and stay competitive. Real-time tools that provide data on product performance, buyer demographics, and market trends also help sellers optimise their listings and pricing more effectively. Additionally, improvements in logistics infrastructure such as same-day or next-day delivery options and self-collection at designated pickup points, have become increasingly common. These services not only benefit consumers but also directly improve order completion rates and reduce cancellations for sellers. Many platforms also offer built-in buyer protection and return mechanisms, which reinforce consumer trust and, in turn, drive repeat purchases, ultimately benefiting seller performance. 'These features aren't just technical upgrades; they're strategic investments into seller success. 'Every ringgit spent improving logistics or buyer confidence helps sellers secure more loyal customers,' added Tarmizi. As Malaysia continues to pursue its MyDigital agenda, Wawasan believes that platforms prioritising local MSME development should be part of the national strategy. These are not just online marketplaces, but digital infrastructure partners that help entrepreneurs grow sustainably. Wawasan also warned that as international players continue to enter the Southeast Asian market, Malaysian MSMEs will face increasing price pressure. Undermining the local platforms that support sellers could leave small businesses more vulnerable to undercutting by foreign competitors offering low-cost goods without reinvesting in the local economy. 'We need to recognise that Malaysia's MSMEs don't just need a place to sell, they need partners that help them grow, compete and scale. 'When platforms offer the tools, infrastructure, and insights to do this, it benefits not just the seller, but the whole economy,' added Tarmizi. Wawasan concluded by calling for open dialogue and partnership among the government, platforms, and seller associations to build a resilient, inclusive, and competitive e-commerce landscape. 'The health of our digital economy depends on how well we collaborate. When platforms succeed in lifting sellers, we all win. That's the spirit Malaysia must move forward with,' Tarmizi said.