Start the new year on a positive note

HAVING entered 2022, the new year brings with it hope for better business and economic prospects, after nearly two years of difficulties linked to the Covid-19 pandemic.

To kick off the year, Star Media Group (SMG) organized a Malaysia Retail Chain Association (MRCA) CEO-Get Together, where corporate executives, business owners, directors and industry leaders industry gathered for a casual networking session with a festive Chinese New Year. turn.

Donning “Aseana”-themed outfits, attendees including SMG management, Star Outstanding Business Awards sponsors and MRCA board members were quick to wish a prosperous year to the Tiger at the sung yee launch session.

SMG CEO Alex Yeow welcomed attendees along with other senior SMG executives at the event held at Menara Star, Petaling Jaya.

Esther Ng, SMG’s Chief Content Officer, was also present.

During the welcome session, SMG Chief Commercial Officer Lydia Wang shared what SMG has in store for the year.

MRCA President Shirley Tay hoped retailers would focus on a physical presence to rekindle the human connection that has been absent for the past two years.

“I’m confident that retailers who start serving customers in person again will benefit a lot despite the convenience of online commerce,” she said, emphasizing the importance of customer interaction.

Tay added that the MRCA was looking forward to the recovery phase and embarking on more charitable activities for the community this year.

MRCA Vice President Datuk Liew Bin hoped to do more for association members this year.

“At this point we need to work with each other as a community.

“With the Covid-19 safety measures in place and everyone safe, I am optimistic that we will see at least 5.5% growth for the country’s economy,” he said.

Maxis Bhd’s Head of Small and Medium Enterprises (SMEs), Kevin Lee, remarked that bringing together CEOs and other decision makers from various industries at the start of the year was a good move.

“The SME community can really benefit from engaging and sharing ideas on how to innovate,” he said.

Senior Manager of Matrade’s Strategic Planning Division, Datuk Aureen Jean Nonis, said the networking session was a good opportunity to expand their customer base and gather market insights and ideas.

“We believe 2022 will be a better year for exports than last year, although the first six months may be similar due to challenges such as supply chain disruptions, but the second half will be much better when the logistical situation will normalize,” she said. noted.

PKT Logistics Group Managing Director and General Manager, Datuk Seri, Dr. Michael Tio was happy to put on his batik outfit and meet other executives in a relaxed environment.

“We are happy to be a part of this as we hear from industry players on whether we can expect the market to rebound as we predicted,” he said.

PKT Logistics marketing manager Kuan Eu Jin said everyone could benefit from the gathering after nearly two long and difficult years.

“There’s a sense of camaraderie in all of this, and we can all benefit from that a bit as we enter the new year,” he said.

Managing Director of Credit Guarantee Corporation Malaysia Bhd, Rahim Raduan, was enthused by the positive GDP forecast for 2022, but remained cautious to monitor repayment trends after the moratorium period ends.

“From what we can see from the rate of participation in our business development programs, we also expect local businesses to further explore opportunities for collaboration with other businesses, particularly among those who have adopted a digital presence and have adapted to the new way of doing business,” he said.

Keith Choo, SME business development manager at RHB Bank Bhd, stressed the importance of deciding whether businesses should collaborate.

“It depends on what the collaboration is about and what industry players are addressing,” he noted.

He added that 2022 would favor players who have accumulated enough cash to prepare for post-pandemic recovery mode.

Paradise Group Malaysia Managing Director Elyna Tan said it was a privilege to be part of the small gathering to get a feel for the pulse of the retail industry.

“Based on recent months in the food and beverage industry, we are optimistic for the first quarter of 2022, particularly with the festive season ahead,” she said.

Comments are closed.