An Analysis of the 2022 Malaysian Budget

The much-awaited 2022 budget was recently announced, focusing on three key areas, namely the Rakyat's wellbeing, building business resilience and creating a prosperous and sustainable economy. 

Read our analysis and insights into the budget, and how it impacts businesses and communities here.

Non-Fungible Tokens (NFTs): A token that can be used to represent the ownership of unique items

Have you ever heard of Nyan Cat? Nyan Cat is a YouTube video uploaded in April 2011, which became an internet meme. This video ranked 5th in the list of most-viewed YouTube videos in 2011. In February 2021, Nyan Cat creator Christopher Torres sold his famous meme as non-fungible tokens (NFTs) for nearly $600,000. Maybe now you have a question, why does Torres sell his meme as an NFT? What are NFTs? Let's continue reading to know more about NFTs.

How did Malaysia’s Exports Perform in the last five years?

Malaysia's export trade has been growing steadily at a CAGR of 1.7% from 2017-2020. Over the years, Malaysia's total exports recorded an average of RM 940 billion yearly. In 2018, the export value exceeded RM 1 trillion, a 7.3% hike compared to 2017. Based on our analysis, the export value in 2021 is expected to outperform the historical years and is estimated to achieve near to RM 1.2 trillion. As of June 2021, Malaysia's exports value had already recorded RM 585 billion.

​​Project: Business Planning & Funding Strategy For Post-Acute Healthcare Business

The client is a start-up healthcare company focusing on the post-acute care market in Malaysia. It envisions to make available quality, affordable & patient centric post-acute care, extended rehabilitation care, aged & long-term care in all major cities in Malaysia, follow by other countries in the ASEAN region.

27Group October Events

Our Executive Director, Girish Ramachandran, participated in the 2nd Malaysian Digital Economy Summit hosted by the Strategic Institute For Asia Pacific (KSI) and The Economic Club of Kuala Lumpur on 21st October 2021. Girish spoke about how a leader's success in today’s business world hinges on technological adaptability in an ever-changing world.

“Digital transformation starts with leadership and making sure that all leaders know how to go about the processes that need to be digitised and digitalised. The second most important thing is to make sure we have the right people who know how to walk through this intricate, but extremely  impactful process. All SMEs should start looking into this. It is not expensive, but the ROIs will definitely be there in the medium term” - Girish Ramachandran.

RH Forum: Avoiding Disputes via Managing your Project Risk

Our RH Forum jointly organised with RSM was held on 28th October 2021. It touched on the different benefits and risks of any construction project, and why it is critical for both project managers and team members to be familiar with them. Some of the most common project risks were communication risks, cost risks, technological risks, external hazard risks and reworking.

“Risk always arises from steps and strategies taken by an individual or an organisation. And when a property developer for example, launches a new project, what is the risk of not achieving 100% sales? As you know, sales is very critical to the success of a project. So the key question is, what are the chances of not achieving that target? How does a developer manage the risk of not achieving 100% sales?” - Dato’ Robert Teo.

Elaine has worked on a diverse repertoire of projects, with over 27 years of experience as a Special Programmes Administrative Officer. A highly competitive and self motivated member of the 27 Group, Elaine provides seamless support in coordinating and facilitating communications projects.
 

Do you feel productive working from home?
Yes, I enjoy the flexibility that comes with it but there is a tendency to overwork.

Where do you plan to go for your 1st overseas holiday destination once the borders are opened?
New Zealand.

What is the 1 thing you cannot live without?
Internet access.

Would you prefer to have Nasi Lemak or Satay?
Nasi Lemak.

What Rebuilding Humanity project that you would like to work on next?
Food distribution for the needy and homeless.

What are your daily rituals that keeps you zen?
Prayers followed by a good breakfast, if possible.

What is the 1 most fun childhood memory you have?
Visiting the funfair, enjoying the carnival games and redeeming those little gifts/soft toys.

What was the worst advice given to you whilst growing up?
None that I can think of.

What is the one thing about yourself people don’t know about?
I am afraid of water, especially those with strong currents due to a near-drowning experience. So, swimming is a no for me, but I do dip in the pool once in a while and enjoy myself because I can't resist the beautiful sight of the swimming pool!

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