The Edge Malaysia, March 22, 2021 - Building a regional POS Digital Champion
When Oii Boon Sheng started Web Bytes Sdn Bhd, a cloud-based point-of-sale (POS) service provider in 2007, it was not common for businesses to have internet access. "It was a luxury. Some of our customers used on einternet account for a couple of outlets. When we entered the market, we had to make our solution offline and build a client/server-besed model," says Ooi. He co-founded the company in Penang after joining the Microsoft Imagine Cup, a technology competition for students.
- Best Practices Type Newsclips
- Industry Services
- Company Name Web Bytes Sdn Bhd
- Geographical Pulau Pinang
The Edge Malaysia, March 1 2021 - Unicorns of Southeast Asia
The digital economy of Southeast Asia continued to be resilient in 2020 despite the Covid-19 pandemic ravaging most of the region's largest economies. Led by Indonesia and Vietnam, the total gross merchandise value of Southeast Asia's digital economy reached US$100 billion last year. Despite that, funding was lower as a result of the pandemic. This lack of funding led to fewer "unicorns" emerging in the region, with only one company getting on the unicorn list.
- Best Practices Type Infographics
- Industry Others
The Sweet Taste of Agropreneurship
MGROW is a contract farmer that supplies its fresh produce to the Federal Agricultural Marketing Authority (FAMA) and to private companies mainly in the northern region of the country. In the international front, it has also brokered exporting deals to China, a promising market for the tropical fruit. Ting shares, “The market here has been very welcoming. We are excited to get an overwhelming enquiry from distributors and exporters, to the point that we had to say ‘no’ to some! It is a good problem and has boosted our conﬁdence in the product. But we recognise the high-demand and we plan to expand our farm soon so we can venture into more contract opportunities.” For MGROW, contract farming is a strategic component of the business growth. “Contract farming provides a set target that allows us to make precise decisions on how many acres of pineapples we are growing, how many the farm will produce, and when it will be harvested. Once the pineapples are planted, the only focus is to ensure we meet the deliverables,” says Ting.
Contract Farming continues to "Blossom" in Malaysia's Floriculture Industry
Contract farmers reap advantages that allow for a sustainable income and business growth. For instance, Treegrow Orchids engage contract farmers in Cameron Highlands via a standing order. The pre-agreed price ensures that the sell-price will not ﬂuctuate, thus enabling sustainable, stable income for the farmers. Meanwhile in peak seasons, exporters like Treegrow Orchids may also offer to purchase slightly more than the agreed quantity with a competitive price. At the same time, farmers are also keen to improve farming practices to ensure the quality of the crop and attract more business with existing and new exporters. In the case of Treegrow Orchids, farmers also beneﬁt from the transfer of technology and best practices from the company. “Whenever we notice that the crop quality is not up to standards, we take the initiative to visit the farm to identify problems with the farmers and provide free consultation to help tackle any issues,” said Seng Yee.
Nestlé in Creating Shared Value with Contract Farming
The Nestlé Chilli Club (NCC) is a contract farming model that supports local farmers who are contracted to supply fresh chillies for MAGGI Chilli Sauces. Working closely with Agricultural Services Department and the Farmers’ Association Board, it was ﬁrst introduced to the local farmers in Kelantan in 1995. For over 25 years since its establishment, NCC has since reached other parts of the country, namely Dungun, Terengganu and Kuala Langat, Selangor. In line with digital transformation in agriculture, Nestlé also appoints Agricultural Services professionals to equip farmers in leveraging technology to produce the highest possible yield, at par with global standards. In particular for Farmer Connect initiatives, Nestlé shares best practices with local farmers through the Sustainable Agricultural Initiative (SAIN) toolkit, speciﬁcally designed to train and assist farmers for better crop quality and yield.