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Media Prima to provide content for Europe’s Dailymotion video streaming service

KUALA LUMPUR: Media Prima Bhd has inked a memorandum understanding (MoU) with Dailymotion, which will see the media group's video content being made available on the platform.

When asked if there are concerns over piracy and copyright, CEO of Media Prima Televisions Networks, Johan Ishak told reporters that the group currently works with authorities such as the Home Ministry and the Communications and Multimedia Ministry to tackle the issue.

Additionally, it also has an internal unit to look after IPs for content from all its platforms.

“Whenever we find any incidences of piracy…we will get authorities to help us shut it down,” he added.

According to Dailymotion's Vice President of Content in Asia Pacific, Antoine Nazaret the necessary tools and technology are in place to ensure that media content uploaded to its platform are protected.

“The tools are at scale so you can address as much challenges as you can..millions if we need. We know that we can scale at that size to make sure that it is protected not only here but if the content is used in a wrong way elsewhere in the world, we(will) know that it was there,” explained Nazaret.

The platform is owned by Paris based multinational company, Vivendi.

Dailymotion will also be powering Media Prima's Tonton over-the-top (OTT) service platform.

As for Tonton, which ceased video-on-demand subscription on Aug 31, 2018, Johan said the group may relook the possibility of re-implementing subscription services in the future when there is enough demand for paid content.


Ringgit opens lower on negative sentiment

KUALA LUMPUR, Oct 23 — The ringgit opened marginally lower against the US dollar this morning as negative sentiment clouded demand for the currency, said a dealer.  At 9am, the ringgit was traded at 4.1595/1625 versus the…


Banks drag KLCI into the red, Asian markets cautious

marketreport

KUALA LUMPUR: Banks weighed on the FBM KLCI early Tuesday as worries about new taxes, slower economic growth and the US-China trade war tensions pushed investors to the sidelines, with more downside seen. At 9.07am, the FBM KLCI was down 3.63 points or 0.21% to 1,718.84. Turnover was 68.62 million shares valued at RM41.63mil. There were 71 gainers, 112 losers and 130 counters unchanged. Asian shares edged lower as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation toRead More


Bursa opens lower on cautious sentiment

KUALA LUMPUR, Oct 22 — Share prices were in the red on Bursa Malaysia in early trade this morning, on weaker demand, and amid the cautious sentiment clouding the market. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI…


Success: The Insight Story – Dani Michaux

KPMG head of Aspac (Asia Pacific) Cyber Security & Information Technology Advisory in Malaysia Dani Michaux (pix) gives SunBiz access to her thought and views

How has your life experience made you the leader you are today?

Challenges and keeping optimistic during difficult moments are always key to be successful. Take every challenge as an opportunity – make a difference and look at the challenge through different prisms. Dream big, aim to encounter difficult moments, own the challenge and have conviction that nothing is given to you that you can't deal with.

What traits do you look for in your talent or how do you decide who is right for a job?

Having the right attitude, being hungry to learn and having conviction.

How do you think the industry you are in will evolve in the future?

Based on my observations, digital innovation can create significant value across business models, customer experience and operations. But greater connectivity brings increasing cyber vulnerability. KPMG's 2018 Global CEO Outlook report found that about half of CEOs (49%) around the world say that a cyberattack is now a case of 'when', instead of 'if'. A similar percentage (51%) believe they are well-prepared for a cyberattack, which leaves a large pool who are not.

We've seen the damaging impacts of cyberattacks in the May 2017 WannaCry ransomware attack, which not only infected businesses but also core infrastructure like hospitals and schools. Today, cybercrime has become an established ecosystem with its own economy (read: cybercrime-as-a-service, DDoS on demand, hacktivism). The evolution of cybercrimes has resulted in cyber security becoming a mandatory boardroom topic, particularly as governments and regulatory bodies increase their scrutiny.

Smart leaders are making cyber preparedness a board priority, stress-testing the resilience of their systems and people to withstand an attack. Businesses are also looking for a competitive edge from this investment and the increased insight they get on their systems and data. Our clients look to the KPMG team of cyber professionals to guide them through the cyber landscape that is becoming more complex as technology gets more sophisticated, which we are ready to do!

We all know about the industrial revolution, are we in for a technological revolution? Your thoughts.

I think technological revolution is already here! For instance, robots have been trumping humans in warehouses for over a decade. Smaller, faster and more affordable than before, bots can quickly span warehouses the size of six football fields.

In recent years, the focus has also been around Robotics Process Automation (or RPA) particularly in functions like finance where processes are highly repeatable, regular and routine. RPA – which is a convergence of low-cost, easy-to-implement process automation, coupled with machine learning, data analytics, and cognitive innovations – is creating a new class of digital labour.

As technology becomes more sophisticated and customer expectations evolve to suit, it's becoming more obvious for businesses to integrate robotics and cognitive automation into their operations – if they don't, they will be at a disadvantage and could be obsolete in a flash. Contrary to popular opinion, KPMG's 2018 Global CEO Outlook survey found that 87% of Asean business leaders expect AI to create more jobs than it destroys.

What do you want to accomplish in the next five years?

I would like to groom more cyber security professionals from within Malaysia. There is certainly demand for talents; a survey by the Information System Audit and Control Association (ISACA) revealed that the global shortage of cyber security professionals would hit 2 million by 2019.

In Malaysia, there are currently about 7,000 cyber security professionals, but it is estimated that the country will require at least 10,000 by 2020.

KPMG has been addressing this talent gap issue through the inception of the annual KPMG Cyber Security Challenge in 2015, where undergraduates across Malaysia are invited to participate in a highly competitive competition that tests them on their cyber security skills and knowledge in reverse engineering steganography, cryptography, hacking and digital forensics.

We have also started the KPMG Cyber Academy which aims to develop cyber security skills for the future, from school children to Board of Director level.

On a more personal level, I hope to encourage more females to enter the cyber security industry.

I can count in one hand the number of female cyber security professionals there are in Malaysia. As an industry professional, a wife and mother, I fully believe women are capable of building rewarding careers in this industry. At KPMG, we believe in building an inclusive and supportive environment for women so they can have both a career and family. I'm a testament to that fact!

Best piece of advice you ever got on your career.

Keep going, stay hungry and weather the storms. Stay grounded and look at the legacy you want to leave behind.

Most admired business leader? Why?

Sir Richard Branson for his creativity and different thinking; Indra Nooyi for her positivity, commitment and perseverance; Steve Jobs and Bill Gates for innovation and creating the world we live in today.

What has been the biggest challenge faced? And what did you learn from it?

We face various challenges today – being a daughter, mother, wife, senior leader in the organisation. We face daily challenges and we keep learning.

What I have learnt through various interactions is that we need to collaborate and communicate better. Every problem can be resolved if people are committed and come together to find a solution. Inclusivity, collaboration and perseverance are keys to success!

What man-made innovation confounds you? Why?

Social media. Personally, I don't have any Facebook, Twitter or Instagram accounts. I don't understand the compulsion of some people to reveal their minute-to-minute story online for everyone to see.

What are the top three factors you would attribute to your success?

Adrenalin, coffee and a supportive team! Keep hungry and get excited about possibilities.


Expect sideways trading for Bursa Malaysia ahead of 2019 Budget

KUALA LUMPUR: Shares are expected to see sideways trading in the next three weeks, with foreign investors adopting a waiting game ahead of the 2019 Budget announcement on November 2. M&A Securities Sdn Bhd chief dealing officer R Sundararajah said the trend was likely to continue at least until budget day, as the current FTSE […]


Govt urged to focus on reducing operating expenses

PETALING JAYA: Local economists, analysts and a think tank have urged Prime Minister Tun Dr Mahathir Mohamad's administration to focus on reducing the government's operating expenditure, which has been persistently high over the years.

The view comes after Mahathir's presentation on the 11th Malaysia Plan's mid-term review in Parliament last week, which saw the government cutting back its development budget by RM40 billion for the 2018 to 2020 period.

The government, which affirmed that the operational budget will not take a hit, lowered its real gross domestic product (GDP) growth target to 4.5-5.5% annually from 5-6% previously.

Inter-Pacific Securities Sdn Bhd head of research Pong Teng Siew, when contacted, told SunBiz that the operating expenditure related to emoluments, pension payments and gratuities rose more than 9% a year in the past 10 years, while nominal gross domestic product rose just more than 4% over the same period.

He noted that the cut in development expenditure is possibly due to the administration's short-term inability to reduce its operating expenditure without public sector layoffs.

CGS-CIMB Research said it believes the government has room to make fiscal adjustments through determined spending cuts without hurting the country's growth prospects unduly if wastages and leakages are curbed.

It opined that operating and development expenditure can be trimmed by RM7 billion in Budget 2019 due to tighter procurement procedures, zero-based budgeting, reviews or deferment of infrastructure projects, more targeted subsidies and cash transfers, and revisions in supply and services contracts, which could limit the need for aggressive revenue-raising measures and steeper cuts to productive areas of spending.

On GDP growth, CGS-CIMB said despite the target being lowered to 4.5-5.5% in the mid-term review, prospects remain supportive of economic activity and labour market conditions.

Disappointed by the government's preoccupation with tax and increasing costs for business, Institute for Democracy and Economic Affairs director of research and development Laurence Todd said “there are indications that the government is moving in potentially the wrong direction”.

“Further reforms to strengthen the oversight and performance of GLCs are of course welcome, but it is disappointing that the government does not seem to be proposing more radical reforms, including significantly reducing its holding of assets and equities, which could raise revenue and stimulate private sector growth.

“At the same time, the government is proposing to reduce development expenditure – we would recommend that the government focus on improving its balance sheet in a way that raises revenue and maintains the overall level of public investment,” Todd added.

On the flip side, Sunway University Business School Professor of Economics Prof Dr Yeah Kim Leng said the mid-term review, with a strong focus on improving governance, institutional reforms and strengthening the government delivery system, should enable the government to reap some “democracy dividends” on increased investor confidence and sustained private investment activities.

He said the review has lent greater clarity on the policy direction of the new government over the next two years as it has established the priorities, policy thrusts, strategies and targets on what the administration intends to do to address the critical challenges facing the country.

“Understandably, the 'how' part needs fleshing out but it suffices that the focus should be on implementation capacity and capabilities, and, importantly, a consultative approach with all stakeholders especially the private sector, industry groups and NGOs.”

However, he pointed out that income gaps, disparities and inequalities across regions, industries and community groups are structural problems, which will require carefully thought-out intervention programmes.

“These are perhaps too 'micro' to be contained in the broad five-year plan and better fleshed out by the implementing agencies that have been streamlined,” Yeah said.


Crude Palm Oil Weekly Report – October 20th, 2018

The Malaysia palm oil futures (FCPO) failed to erase losses on Friday, in line for a second day losses, weighed down by weaker related oils in China’s Dalian Commodity Exchange and Chicago Board of Trade. On Friday, FCPO fell 1.35 per cent to 2,222 as compared with last Friday’s closing price at 2,252, a totaled […]


Ringgit likely to trend lower against US dollar next week

KUALA LUMPUR, Oct 20 — The ringgit is likely to trend lower against the US dollar next week, mainly weighed by prospects of higher US interest rates. FXTM Research Analyst Lukman Otunuga said with the US dollar heavily supported by the interest…


Euro, pound rally on Brexit concession; stocks dip

NEW YORK, Oct 20 — Stocks dipped yesterday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. Oil prices rose on…