BDO's Pam Lee takes a hard look at Malaysia's financial and business landscape

Pam Lee is an executive director in advisory at BDO in Malaysia, one of the Big 5 professional services firms in Malaysia. With a Capital Market Services Representative’s License for Advising on Corporate Finance under her belt, she works on corporate finance engagements, including due diligence, corporate valuations, IPOs, mergers and acquisitions, and independent advice for related party transactions and takeovers.

The second one is Artificial intelligence . Advancements in AI have transformed every aspect of the financial services industry. Companies, by using AI to identify transaction anomalies, can better mitigate fraud and money laundering risk. Capital market firms can make faster, smarter trade decisions based on sophisticated analyses of past market performance data.

Examples of such support include an initiative by a leading local bank to create an online marketplace platform to help local micro businesses and small and medium enterprises , reach more Malaysians via their online banking, and another bank that has a partnership with a telco to offer one-stop financing and digital solutions for SMEs that leverage the potential of e-commerce.

Different sectors and companies are impacted on different scales in the pandemic. It is inevitable that some companies face cash flow constraints and will consider undertaking a restructuring plan to save the companies/businesses , making them viable and putting them on a stronger footing for future growth.

For local micro businesses and SMEs that are facing challenges and want to get bank financing, relationships are important. When you are thinking of the bank, sit down with someone who understands how bank financing works. In an ideal world, everybody is perfect and you don’t need an intermediary. We are not in an ideal world, and you don’t want to chase something that is not going to work.

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