Your comments
I would beg to differ on point 3. Support from developers are the best and can solve problems quickly. Support driven development simply makes better software. Being local and supported by local has much more advantages to being supported by foreign companies.
10 years ago
@Cheryl, while a DB is good, getting the local media from various channels to highlight high quality work being done by locals that can compete on a global level, will bring multiple benefits: inspire startups to to be creative and go global, instill confidence in local ability and quality, convince locals to prefer high quality local products with strong value proposition, etc.
Vitrox build machines that is competitive the world over. Flexiroam is pretty innovative, and they are just starting. Juris is doing well and will represent Malaysia to Endeavor NY. IMoney is doing great, and so is Easyuni. Gizwiz got featured on Wall Street Journal. Last but not least, Radica Software (full disclosure: that's us) ain't too shabby either.
The fact that we're not exactly firing off the names of these companies is a testament that not enough exposure is given to them. But I am not one to answer this question well. If you really wanted to know what great stuffs has Malaysians been doing, Doc Siva & Renuka are practically walking local Wikipedia.
The fact that we're not exactly firing off the names of these companies is a testament that not enough exposure is given to them. But I am not one to answer this question well. If you really wanted to know what great stuffs has Malaysians been doing, Doc Siva & Renuka are practically walking local Wikipedia.
Nothing can be further from the truth. Fair if one choose to do so, but for many, any exposure are good exposure.
I would venture that even promotion of tech companies to local markets is poor.
Exactly the same thing I am saying on this one: "Not enough exposure for some great stuffs that some of us are doing"
When you have global customers, IPay88 and MOL does not help at all as they process MYR and have limited foreign support and branding, but it's pretty good for local customers.
Online Payment Systems
For Malaysian companies serving global customers, my guess is they are using Paypal and 2Checkout as backup. 2Checkout should be avoided, leaving Paypal as the only viable option, therefore if your customers are having problems with Paypal, it will cost you.
Before Google Wallet is known as such, it is called Google Checkout, and for a long time, Adwords advertisers get to process their payments for free, with no such luck for Malaysians, imagine trying to compete against that. Singaporeans have been able to sell on Google Play for a long time, but only recently Malaysians can do that, despite the fact that Google has been taking Malaysian Adwords advertiser's money for close to a decade. Most other popular online payment systems are also not available to Malaysians, including Amazon Payments, Stripe, WePay, Dwolla, etc.
Inability to get paid by these payment systems is effectively shutting out Malaysian companies from accessing global markets. For example, KickStarter uses Amazon Payments for technical reasons, and since we can't use Amazon Payments, we are not allowed to list on KickStarter. Projects like CR2 Rehabilitation Robot (http://www.pitchin.my/project/42) would surely get way more funding and exposure if it is listed on KickStarter.
Offline Payment Systems
To be truly global, one have to act local and for many enterprise sales, there may be cases where a credit card is not available or preferable, even in North America. In these cases, cashing a cheque from USA will take anything from 1 to 3 months, with no status updates. Therefore a merchant have to deliver the goods, and essentially pray that nothing bad happens. Malaysian banks that operates in these areas should allow local companies to have an ACH and routing number so that local companies get to be paid easier and faster. It's a win for the customer who can pay easier, a win for local banks who can generate processing fees, and also a win for the local company as they can access markets and get paid like a local, wherever they are.
Access to market
If you have a competitive product and you wanted list it on Newegg or Amazon, just so that your customers can find and buy it easily, you are out of luck. But If you are a Singaporean company, listing on Newegg is not a problem. This forces local companies to head down south to open a bank account, and for that bank account you will need a company, and since you have a company, you mind as well get a grant, and since you can do many things you cannot do locally, you mind as well move down south.
Apologies for the long winded reply and if it sounds like a rant. It is not. We can surely do better.
Online Payment Systems
For Malaysian companies serving global customers, my guess is they are using Paypal and 2Checkout as backup. 2Checkout should be avoided, leaving Paypal as the only viable option, therefore if your customers are having problems with Paypal, it will cost you.
Before Google Wallet is known as such, it is called Google Checkout, and for a long time, Adwords advertisers get to process their payments for free, with no such luck for Malaysians, imagine trying to compete against that. Singaporeans have been able to sell on Google Play for a long time, but only recently Malaysians can do that, despite the fact that Google has been taking Malaysian Adwords advertiser's money for close to a decade. Most other popular online payment systems are also not available to Malaysians, including Amazon Payments, Stripe, WePay, Dwolla, etc.
Inability to get paid by these payment systems is effectively shutting out Malaysian companies from accessing global markets. For example, KickStarter uses Amazon Payments for technical reasons, and since we can't use Amazon Payments, we are not allowed to list on KickStarter. Projects like CR2 Rehabilitation Robot (http://www.pitchin.my/project/42) would surely get way more funding and exposure if it is listed on KickStarter.
Offline Payment Systems
To be truly global, one have to act local and for many enterprise sales, there may be cases where a credit card is not available or preferable, even in North America. In these cases, cashing a cheque from USA will take anything from 1 to 3 months, with no status updates. Therefore a merchant have to deliver the goods, and essentially pray that nothing bad happens. Malaysian banks that operates in these areas should allow local companies to have an ACH and routing number so that local companies get to be paid easier and faster. It's a win for the customer who can pay easier, a win for local banks who can generate processing fees, and also a win for the local company as they can access markets and get paid like a local, wherever they are.
Access to market
If you have a competitive product and you wanted list it on Newegg or Amazon, just so that your customers can find and buy it easily, you are out of luck. But If you are a Singaporean company, listing on Newegg is not a problem. This forces local companies to head down south to open a bank account, and for that bank account you will need a company, and since you have a company, you mind as well get a grant, and since you can do many things you cannot do locally, you mind as well move down south.
Apologies for the long winded reply and if it sounds like a rant. It is not. We can surely do better.
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