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Local Entrepreneurs Get Help with 4IR Know-How

CIMB SHINE – Empowering SMEs
Image Credits: CIMB website, Press Release

A foundation under a major local bank, in partnership with Malaysia Digital Economy Corporation (MDEC) and its knowledge partner, launched CIMB SHINE – Empowering SMEs (CIMB SHINE), a platform for start-ups, entrepreneurs and SMEs to equip them with the right knowledge in finance, 4IR and e-commerce.

SMEs that fully embrace the new 4IR know-how are the ones that can capitalise on opportunities in the global e-commerce market, currently valued in excess of US$23 trillion.

To bring these points to life, the platform’s gamified, interactive curriculum was specially curated to provide SMEs with deeper insights on, among others, e-commerce opportunities, and ensuring successful financing and business management for growth.

The CEO of the foundation stated that SMEs are the backbone of Malaysia’s economy, contributing 37% to Malaysia’s GDP. Knowledge and innovation are key factors to empower SMEs to grow their business in today’s highly digitised and mobile-driven marketplace.

With CIMB SHINE, the aim is to reach out and help SMEs to further strengthen their capabilities to remain competitive and resilient in the gig economy.

The group has been encouraged by the enthusiastic response to the inaugural programme in Kuala Lumpur and hopes to bring CIMB SHINE to more locations nationwide.

The Chief Executive Officer of MDEC stated that the agency continues to be committed to driving digital transformation in Malaysia as we propel the nation towards embracing 4IR.

One such ongoing critical initiative is the eUsahawan programme. Beyond enabling entrepreneurs to kickstart their digital journey, it also gives them the opportunity to better grasp the benefits of going digital.

With this collaboration, the agency believes more enterprises can fully leverage the benefits of taking the digital leap.

The foundation’s focus on empowering SMEs is also in line with its parent group’s support to Malaysia’s newly launched National Entrepreneurship Policy, as well as the bank’s full commitment to seven of the UN’s Sustainable Development Goals (SDG).

Thus far, the Foundation has also disbursed RM2.6 million through 59 projects to equip 20,000 members of the community – particularly women and the differently-abled – with entrepreneurship skills and resources, a programme that feeds into UN’s Decent Work and Economic Growth SDG.

The group has pledged 1% of its profit before tax (PBT) towards CSR initiatives across ASEAN for the period 2018 – 2020. Since its establishment in 2007, the foundation has disbursed RM140 million to benefit around 750,000 people via more than 1,000 initiatives based on three main pillars i.e., community development, education or sports.

The Deputy President of the SME Association of Malaysia stated that the program was both an informative and fully funded comprehensive eCommerce courses are also offered to SMEs in need.

A participant noted that seeing seminars such as these that focus on sharing of knowledge and are absolutely not marketing orientated is encouraging.

The Chairman of Finance and Capital Market Consultative Committee at ACCCIM stated that the speakers are sincere in their talks covering topics such as eCommerce, cloud accounting as part of a firm’s ERP strategy, and how banks evaluate loan applications.

These are very important ingredients for SMEs to succeed in today’s business environment. It is hoped that the group will offer more such seminars covering a wider range of relevant subjects from time to time.

Another participant stated that the seminars are great for the SMEs and they look forward to working closely with the bank.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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