Asia School of Business

Global Inquiry, Local Heart

SHAH ALAM, May 20 — SME Corporation Malaysia will strengthen financing and scale-up initiatives in 2026 to help develop micro, small, and medium enterprises (MSMEs), particularly in improving competitiveness, business growth, and market expansion.

Its development and technology adaptation sector representative Zubaidah Mohamad said its initiatives will focus not only on financing assistance but also on capacity building, business development, and market access support to help local businesses strengthen their operations and long-term sustainability.

Among the key programmes highlighted were Prestige 2.0, PKS Bursa, PMKS Access, BRAVE, Skill Up, and the Next Level CEO initiative, which aim to support companies through financing, leadership development, capacity building, and preparation for expansion into larger and international markets.

“Several financing initiatives offered soft loan facilities and business funding support, particularly for Bumiputera-owned companies and businesses looking to strengthen ESG governance or prepare for entry into capital markets. 

“Prestige 2.0 now places stronger emphasis on financing support, market access, and capacity building for companies in high-growth and high-value sectors through collaborations with strategic partners, including Funding Societies,” she said during the ‘Invest Selangor Update Series: Insights into the Latest Opportunities for SMEs & MTCs’ programme today.

Zubaidah added that the Skill Up initiative will continue supporting companies through matching grants, particularly for businesses in the semiconductor and health technology sectors, while the Next Level CEO programme focuses on upskilling SME owners and senior management.

The programme is conducted in collaboration with institutions, including the Asia School of Business, Heriot-Watt University Malaysia and Efficient Frontier Consulting, to strengthen leadership, strategic planning, and business capabilities among local entrepreneurs.

She highlighted efforts to support youth and startup entrepreneurs through programmes such as Tunas Usahawan Belia Bumiputera and GROWBiz, which focus on entrepreneurship development, training, and business expansion.

Meanwhile, the Global Value Chain initiative is expected to help SMEs from high-growth sectors enter international markets through planned business matching programmes.

“Companies with official MSME status and strong performance ratings would have greater opportunities to participate in export-focused and expansion programmes aimed at improving competitiveness and sustainability,” Zubaidah said.

On its part, SME Corp Malaysia said announcements and updates on its programmes and initiatives would continue to be shared through its official website and social media platforms.

Originally published by Media Selangor.

Asia School of Business President & Dean, Professor Joseph Cherian, recently participated in the 2026 Tsinghua PBCSF Global Finance Forum, held on May 18 & 19, 2026, in Chengdu, China. During the forum, Professor Cherian joined a panel discussion, where he shared his perspectives on key financial trends and challenges shaping the industry.

In addition, Professor Cherian participated in the Tsinghua PBCSF Dean’s International Strategic Advisory Council closed-door meeting and gave a media interview to China Daily.

An excerpt from Professor Cherian’s Q&A session during the panel discussion is shared below, followed by the full forum recording.

(Q1)From a global perspective, how will aging fundamentally reshape the financial ecosystem, particularly in areas such as pensions, capital markets, asset management, and insurance? What is your view on this profound shift?

From a U.S. lifecycle and capital markets perspective, several important lessons emerge that may also be relevant for countries facing similar demographic transitions.

  1. During the baby boomer era (1960–2025), U.S. equity markets experienced extraordinary growth, supported in large part by sustained demand for equities from retirement and wealth accumulation portfolios. Over this 65-year period, U.S. equity markets generated total returns of approximately 11% per annum. As a result, an investment of approximately USD 1,200 in 1960 would have grown to well over USD 1 million by 2025.
  2. The key question going forward is how capital markets will evolve in the post–baby boomer era, characterized by aging populations and slower demographic growth. As societies age, one could reasonably expect future equity risk premiums to moderate, resulting in lower expected long-term equity returns relative to historical experience.
  3. This demographic shift places increased importance on the design and sustainability of pension systems.

(i) During the accumulation phase, retirement savings should ideally be invested prudently through low-cost, highly diversified portfolios incorporating glide-path strategies that gradually shift from higher-risk to lower-risk assets as individuals approach retirement. This approach aligns closely with principles of liability-driven investing (LDI) and broader asset-liability management (ALM) frameworks.

(ii) During the retirement or decumulation phase, retirees primarily seek:

  • stable and predictable income,
  • income that lasts throughout retirement, and
  • protection against inflation and rising living costs.

One financial product that addresses these objectives is the inflation-indexed life annuity. Such products should be provided efficiently and at low cost, potentially supported through appropriate forms of government facilitation or intervention to improve accessibility and affordability.

(iii) In this context, pension systems may ultimately need to evolve toward hybrid defined contribution/defined benefit (DC/DB) structures that combine individual savings flexibility with elements of income security and longevity protection.

  1. Consequently, asset management and insurance companies must be prepared to offer affordable, outcome-oriented retirement solutions tailored to the needs of aging populations. At present, relatively few pension systems adequately address the true objectives of retirees. Too often, the industry remains focused on distributing products that maximize commissions or fees rather than delivering long-term client outcomes. This mindset will need to change as demographic pressures intensify.

(Q2)Against the backdrop of low interest rates and demographic aging, pension funds are playing an increasingly important role as patient capital. What changes are taking place in the asset allocation strategies of such patient capital? More importantly, how will these changes reshape the structure of capital markets?

Patient capital, by definition, is long-term capital. Drawing from my experience as former Head of Portfolio Management in New York, where I managed approximately USD 67 billion across global asset classes and investment strategies, I can confidently say that few things are more detrimental to retirement portfolios than:

  • excessive fees,
  • frequent trading that generates unnecessary transaction costs, and
  • attempts to market-time retirement portfolios.

By market timing, I refer to investors treating their retirement savings as though they were running a Global Tactical Asset Allocation (GTAA) hedge fund strategy – rapidly shifting in and out of asset classes in response to short-term market movements. In most cases, this behavior destroys long-term value. Retirement investing should not be approached opportunistically or tactically at every market turn. Rather, investors are generally better served by maintaining disciplined diversification over the long term. Reducing unnecessary trading also minimizes commissions and transaction costs paid to intermediaries.

With respect to alternative investments, high-quality strategies in private equity, private credit, hedge funds, digital assets, or security token products can all have a legitimate role within institutional portfolios, particularly when they offer appropriate risk-adjusted returns and are priced attractively.

That said, investors should avoid falling into the trap of return chasing. At present, there is considerable enthusiasm surrounding areas such as private credit, artificial intelligence, and data center-related investments. While these sectors and financial products are likely to remain important components of the global economy, enthusiasm should not translate into excessive portfolio concentration. Sound portfolio construction ultimately depends on prudent diversification, disciplined risk management, and avoiding over-allocation to fashionable asset classes or investment themes.

Originally published by Tsinghua PBCSF.

Guest: Dr Melati Nungsari (Associate Professor II of Economics), Asia School of Business

For decades, Malaysia’s fuel subsidy system has largely been broad based, with pump prices kept lower for everyone regardless of income level. It has become seen as an entitlement which even before the current crisis was a huge burden on the state. Girding its loins, Putrajaya has been signalling that painful changes for motorists are afoot. The government says it is finalising a proposal to review fuel subsidies for higher income groups, although the exact cutoff, whether T20, T15 or narrower, has yet to be decided. More crucially it isn’t clear that systems like PADU can support a more targeted approach. So will it even happen?

Listen to the full interview below.

Originally published by BFM.

Daphne Chan and Iven Lai won’t tell you an Executive MBA is easy. Instead, they’ll tell you what it actually requires: trade-offs, support, and a good heaping of ruthless prioritization. Daphne is an Asia School of Business (ASB) EMBA Class of 2024 alumna, while Iven is a current EMBA student in the Class of 2026. As parents to a young daughter, Anya, they juggle demanding careers in banking, family life, and their EMBA journey. In this interview, they tackle the question many working parents ask before they ever apply: Is an EMBA too much when you already have a career—and a family?  

They had a plan. But overnight, everything changed.

Daphne says it with a laugh, looking at Anya: “We actually planned to have you after I completed my EMBA.” But Anya had other plans. “When I first found out I was pregnant… I was like, ‘oops, you came early.’” It was, as she puts it, “pure shock”—followed quickly by excitement. 

Anya’s arrival posed a new kind of question: not Should we do this? But How do we do this now? 

For Daphne, it came down to one thing: “It’s really prioritizing. I knew my priorities at that time, and I knew I needed to stay flexible.” 

Iven reached the same conclusion through an analytical lens. “I view life like a portfolio,” he says, “and time is my finite resource.” When time is finite, squeezing everything in stops being the goal. Allocating it does. “I had to allocate my time… for her, family, hobbies or studies,” he explains. His decision was clear: “More time spent on the baby and studies, and the rest… like hobbies take kind of a backseat for now.” 

Prioritizing and allocating time helped them make the week workable. But even the best system gets tested. 

The hardest stretch

“There was a time,” Daphne says, when Anya would wake “four times… in seven hours.” In the middle of that blur, she remembers thinking: “Whoa, I really need a break. Why did I do this to myself?” 

And even in that fog of parenthood, nothing else pauses. Work still expects them sharp, and assignments still come due. What kept them going then wasn’t pushing harder. It was speaking up before they burnt out.  

“Definitely there’s a time when we are both exhausted,” Daphne says. “For me personally, I will definitely communicate it… ‘I think I need a break… just give me one or two hours, then I’ll recharge and come back.’” Open communication, she adds, “is key.” 

Iven describes what that looked like at home: switching off without keeping score. “Whenever she feels tired, then I will step up,” he says. “Whenever I feel tired… she will step up and take a more leading role.” 

They couldn’t create more time. So they built around the time they had. 

What made it possible

For Iven, that meant using whatever pockets already existed. “Sometimes during commutes, I would… watch videos or listen to articles,” he says. At home, the window was simple: “study after she sleeps.” 

It also meant being upfront with the people he was accountable to. “Most of my EMBA group discussions, I will tell them that, ‘hey, I know we need to have a discussion… but can we do it after Anya sleeps?’” Once that constraint was on the table, the group could plan around it. “Most of the discussions are done around 9 to 10 pm when Anya’s asleep.” 

And the reality was none of this works without support. Iven doesn’t pretend otherwise. “Fortunately, I have quite a good support system,” he says. At home: “My mother helps to take care of the household.” At work: “I have a good team that I can depend on.” And at school: “I have a great cohort, teammates that understand my situation.” 

The outcome wasn’t a perfectly balanced life. But it was a workable one. 

So—is it too much?

Some days can be a stretch. Daphne and Iven don’t dress it up. But even now, they would still do it all over again.  

Daphne calls the experience “transformational”—a change in how she sees herself and the roles she carries. For Iven, it shows up as “laser focus”: “I know that I have no time to waste anymore,” he says. “My time is so limited.” 

And if there’s one thing they want other working parents to hear, it’s this: don’t wait for perfect timing. “You will never find a perfect time. There’s no perfect time,” Daphne says. Still, she adds, “if you’re determined enough, it will work out… so just do it.” 

Iven echoes the same belief: “Just take the plunge into the EMBA, and everything will work out eventually.” Daphne agrees: “Both journeys are equally rewarding—having your own child and the pursuit of knowledge!”

Also published by The Exchange Asia.

Tensions around the Strait of Hormuz have sharpened focus on the fragility of global supply chains. As geopolitical risks rise, how prepared are governments and businesses for the ensuing disruption? Do decisionmakers have the tools to respond and build resilience? On this episode of #ConsiderThis Melisa Idris speaks with Dr Shardul Phadnis, Professor of Operations & Supply Chain Management at Asia School of Business, where he’s also the Founding Director of Operations for the 21st Century.

Originally published by Astro AWANI.

FROM Tun Dr Mahathir Mohamad’s Vision 2020 and the Multimedia Super Corridor in the 1990s to the current government’s New Industrial Master Plan 2030 (NIMP2030), Malaysia has repeatedly set its sights on becoming a high-income, innovation-driven economy. On paper, Malaysia has the capabilities to succeed — a solid university sector, advanced manufacturing capabilities in electronics, automotive and petrochemicals, and a history of rising research and development (R&D) expenditure — at least until recently.

However, Malaysia’s innovation engine appears to be losing steam. Where we currently stand, it seems unlikely for Malaysia to achieve its 3.5% R&D expenditure-to-GDP target set in NIMP2030 as its funding efforts fall behind. Whereas South Korea invests 5.2% of GDP in R&D, Japan 3.3%, Taiwan 4%, and Singapore 2.2%. Malaysia’s R&D expenditure has declined from 1.44% of GDP in 2016 to just 0.95% by 2020. The decrease in R&D expenditure is accompanied by a similar decline in domestic patent applications.

Foreign Investment Hides Domestic Innovation Deficit

While foreign direct investment (FDI) in manufacturing has surged, these projects often rely on imported technology and plug into global supply chains, rather than stimulating the local innovation ecosystem. Our recent analysis of Malaysian-invented patents registered at the US Patent and Trademark Office (USPTO) showed that 75% of patents invented in Malaysia are foreign-owned, compared to 45% in Singapore and 30% in China. 

This lack of domestic R&D investment suggests there are large “reverse” knowledge flows out of Malaysia, whereby innovation at Malaysian subsidiaries primarily benefits foreign headquarters.

Meanwhile, Bursa Malaysia has failed to attract major technology listings, and government-linked investment companies (GLICs) remain focused on asset-heavy portfolios rather than high-tech ventures.

The Public Sector’s Role: Catalyst or Crutch?

From 2000 to 2016, Malaysia’s innovation ecosystem rapidly developed due to public sector investment. Government funding acted as a catalyst, sparking both academic research and private sector R&D. Universities, government research institutes, and public-private partnerships drove patent filings, with institutions like the Malaysian Institute of Microelectronic Systems (MIMOS) leading the charge. However, as public R&D spending declined post-2016, so did innovation output.

The data shows a clear picture: Public sector research expenditure was the main component driving Malaysia’s patent growth. When funding decreased, private sector R&D (already lagging), further failed to pick up the slack. This suggests that Malaysia’s innovation ecosystem is highly dependent on public investment, a pattern seen in many developing economies. The question now is whether the government can reverse this trend.

Bright Spots: Penang and Johor’s Decentralised Innovation

Amid the national decline, two regions stand out: Penang and Johor. While patent activity in the Klang Valley, Malaysia’s largest urban agglomeration, has fallen by 16.2% since 2018, Penang and Johor have seen increases of 67.6% and 44.4% respectively. 

These regions are anchored by strong public universities, Universiti Sains Malaysia (USM) in Penang and Universiti Teknologi Malaysia (UTM) in Johor, and thriving industrial parks like Bayan Lepas and Iskandar Puteri.

The success of Penang and Johor offers a potential blueprint for Malaysia’s innovation strategy.

Their growth suggests that decentralised innovation systems, built around regional universities and industrial clusters, can thrive even as the Klang Valley conurbation’s innovation performance declines. This shift also aligns with global trends, where secondary cities are emerging as centres of innovation. Decentralisation appears to be a key factor in achieving the goals of the NIMP.

The Potential of GLCs: Mobilising State-Linked Capital

Malaysia’s government-linked companies (GLCs) remain a dominant force in the economy, accounting for a significant share of market capitalisation on the FTSE Bursa Malaysia KLCI (FBM KLCI). These entities represent an important lever for innovation. If directed strategically, GLCs could mobilise investment into high-technology projects, increasing Malaysia’s capacity to absorb knowledge spillovers from foreign FDI.

Yet, for this to materialise, GLCs must shift from their traditional focus on asset-heavy industries to technology-driven ventures. This would require not just financial investment but also a cultural shift, one that prioritises long-term innovation and calculated risk-taking.

The Road Ahead: Policy Over Promises

Malaysia’s innovation challenges lie not in the lack of ambition but lack of execution. NIMP’s targets are laudable, but without matching policy interventions, they risk remaining simply words on paper.

The growth of Penang and Johor, amid national decline, suggests that decentralised strategies at the regional level hold the key to Malaysia’s innovation future. If Malaysia wants to escape the middle-income trap, it must move beyond a focus on FDI-driven growth, and harness the potential of its regions, with a focus on practical, localised policies that harness real innovation.

The clock is ticking regardless. Will Malaysia’s next decade be one of innovation-led growth, or will the country remain in its middle-income trap?

Authors : Pieter E. Stek and Muhammad Rasyid Ridha Hj Muhamad Juhari
Originally published by The Malaysia Reserve.

Guest: Dr Pieter Stek , Senior Lecturer, Faculty and Director of Center for Technology, Strategy and Sustainability (CTSS)

Malaysia has introduced its National Carbon Market Policy to build on the existing voluntary carbon exchange and prepare for a broader carbon pricing framework. With clearer rules on measurement, reporting, and verification, and a national registry in place, how effectively can Malaysia align with global standards, and what gaps still need to be addressed as the policy evolves?

Listen to the full interview below.

Originally published by BFM.

Like all new technologies that will likely have a broad impact on society, Artificial Intelligence (AI), and specifically the development of large language models (LLMs), has caused both a degree of unease, and a massive hype. In Malaysia, the debate around AI has largely been framed as one of opportunity. According to the government’s National AI Action Plan, Malaysia will be transformed and achieve “AI Nation Status” by 2030.

There will be investments in talent, infrastructure, governance and technology, which includes not just AI, but also blockchain and quantum computing. If the government is to be believed, AI will be an economic growth engine, and citizens’ lives will be transformed for the better. It sounds impressive, but what does AI really mean for Malaysia?

Malaysia’s Position in Global AI Value Chains

Very few countries have all the different components that enable the development of advanced AI systems. The chatbots you use on your PC or mobile device are based on multiple layers of technology. The AI value chain begins with advanced chips which can perform billions or even trillions of parallel calculations each second.

Malaysia is involved in many different parts of the semiconductor supply chain, but the most advanced AI chips are typically produced in Taiwan and South Korea and often designed in California. However, Malaysia is actively upgrading its semiconductor sector, and especially Penang and nearby Kedah continue to attract large-scale investments in the sector and may well start producing advanced AI chips in future.

The AI chips are used in large data centres, and here the centre of attraction moves south to Johor. With Singapore limiting data centre investment, Johor has attracted large spillover investments, both from foreign investors (both Chinese and American), as well as domestic investors, notably YTL Power.

While Malaysia’s political neutrality between China and the US, and inexpensive land and utilities have made it a data centre magnet, there is also concern about the benefits that data centres can bring to the local economy.

Critics argue that data centres consume large amounts of resources and provide only limited local employment and economic value-added, as high-value hardware is imported and design and engineering are done abroad.

Once the data centre is up and running, it needs AI models. Although Malaysia doesn’t have any indigenously developed base LLMs (Large Language Models), it does benefit from the many open weight models that are now available.

Especially Chinese AI companies, but also European and American ones, have made their AI models available for free, allowing anyone to install, use and adapt them.

Malaysia has the capabilities to adapt AI models. Malaysian start-ups such as Mesolitica have developed their own models for niche applications, such as understanding Malaysian slang and dialects in a challenging multilingual and multicultural environment.

The training of base models is partly restricted by the availability of data. The fact that Malaysia has a relatively small population which only generates a fraction of the data of countries like China, puts it at a disadvantage in training LLMs from scratch.

However, given that these models are available for free, the playing field is largely equalised.

Why Are LLMs Available for Free?

It may seem like bad business for leading AI companies like Meta, Alibaba or Mistral to make their AI models open to anyone, but it is part of a broader business strategy.

Publishing their models is a form of advertising, helping attract both talent and customers, and it allows others to improve their models further, helping everyone learn.

However, it is also a way to undermine competitors like OpenAI (makers of ChatGPT), whose models are all closed.

By making sure that the free open-weight models are almost as good as the proprietary models, other businesses in the AI value chain can capture larger profits.

The Winners and the Losers

While proponents are keen to highlight the benefits of AI, some sectors of the Malaysian economy are already feeling the impact of AI disruptions.

One area that expats may be familiar with is the Business Process Outsourcing (BPO) sector. Typically low to medium-skilled tasks, which used to be outsourced to lower-cost locations like Malaysia, India or the Philippines, are now being automated by AI.

In a similar way, many low-level jobs in computer programming, accounting, marketing and design are being replaced by AI, especially for smaller projects, or by SMEs (Small and Medium Enterprises), which tend to be more cost sensitive.

But even areas such as legal advice, strategy consulting, finance and education may not be immune from AI disruptions.

However, for many SMEs, AI has been a blessing. Unable to afford quality professional services, they can suddenly generate business plans, respond to complex customer complaints, and analyse their finances with an AI chatbot.

With over 97% of businesses in Malaysia being SMEs, AI could become an equaliser in the business world, as having imperfect but inexpensive artificial intelligence is much better than having none at all.

Another perspective is that many service professionals will work with AI, automating routine parts of the job and leaving more time for the most difficult questions and for human-to-human customer relations.

What’s Next for Malaysia?

Given the economic importance and societal impact of AI, the issue of AI sovereignty is often raised. Can a country still exert control over its national AI system, as it does over its transportation, telecommunications or energy system?

Small countries like Malaysia can never have control over the entire AI supply chain.

Even China and the US find themselves depending on key foreign partners, whether it’s critical minerals or specialised components and machinery.

However, small countries can try and preserve their freedom to choose, by maintaining their strategic autonomy.

This strategy is based on avoiding lock-in by ensuring that technological systems remain modular, and by always maintaining two or more potential suppliers.

Maintaining strategic autonomy in high technology has become a policy priority for the US, EU, Japan, South Korea and many other countries.

Malaysia has benefited economically from this by attracting strategic investments, such as Infineon Technologies’ €5 billion chip plant investment in Kulim, which was supported by German government financial guarantees, and a recent deal under which the Kuantan plant of Australian-owned Lynas will supply rare earth minerals to the US arms industry.

At the same time China has invested in key infrastructure projects such as the East Coast Rail Link (ECRL).

In this sense, Malaysia is increasingly attractive as an investment destination and trade partner due to its political neutrality.

However, one area of concern is Malaysia’s low R&D expenditure, which has fallen from 1.44% of GDP in 2016 to 0.95% by 2020.

While Malaysia has high ambitions of raising its R&D expenditure to 3.5% by 2030, such targets do not seem to be supported by actual spending, both from industry and the public sector.

While Malaysia is well-positioned to realise many of the potential benefits of the AI revolution, it needs to invest and regulate strategically to make sure Malaysian businesses and Malaysians themselves are able to seize these opportunities.

Pieter E. Stek is a Senior Lecturer of the Asia School of Business (ASB) based in Kuala Lumpur. The views expressed are solely those of the author(s) and do not represent the official position(s) of ASB or any affiliated institutions.

Originally published by The Expat.

An MBA can drive your career in a new direction—allowing you to change industry, function, location, or all three. As many as 35% of global MBA applicants list achieving such career changes as their reason for going to business school.

But for others, the benefits of studying an MBA go beyond career impact. When Thomas Maddison enrolled in an MBA at Asia School of Business (ASB) after a period working in Australia’s mining sector, his aims included expanding his network and experiencing a new culture, alongside gaining opportunities outside his industry.

Since graduating in 2025, Thomas has embarked on an entrepreneurial journey. He is currently in the early stages of developing a solution to help MBA graduates work on their leadership capabilities and be better prepared to secure jobs.

We spoke to Thomas about how the MBA has helped kickstart his journey to becoming an entrepreneur.

What is the entrepreneurial toolkit?

From building a network of likeminded professionals to strengthening your problem-solving and strategic thinking skills, an MBA can help build various tools necessary when launching your own startup. More than a quarter (29%) of learners pursue business education to become entrepreneurs, according to our 2025 Prospective Students Survey.

“The MBA has definitely helped me in my entrepreneurship journey,” says Thomas. “One of the main ways being that my customers are MBA students, so it’s massively helpful to have just come out of a cohort.”

Thomas cites key advantages that have come from his MBA network. For example, through getting to know potential buyers and CEOs throughout the program, he has learned how they think and work—which he feels is an advantage when developing ideas.

As his entrepreneurial journey develops, Thomas feels the skills he built during his MBA have prepared him for the various challenges this will bring.

“Some things really stuck out to me, which have helped me come to some big realizations,” says Thomas. “Once I get to the more advanced stages—we did things like financial modeling during the MBA, so I already have the experience.”

How can career development resources benefit entrepreneurs?

An MBA helps build a range of hard skills, such as technical literacy and data analysis, though soft skills are increasingly important in business—helping professionals manage teams and navigate challenges.

Research suggests that skills such as problem-solving and strategic thinking, as well as interpersonal skills such as communication, emotional intelligence, and adaptability, will increase in importance in the coming years.

For Thomas, the ASB Career Development Office (CDO) has been invaluable in helping him work in these areas. While the CDO provides students with a range of resources such as interview preparation, and access to employers, it also offers career coaching, individual mentoring, and workshops.

“There are some hard skills the CDO helps teach, like how to create a strong resume, but the soft skills are really important—how to prove it, how to show it, how to story tell,” explains Thomas.

“I can’t thank the CDO enough for the energy they put into the students, introducing us to their networks, and just being willing to take a bet on us,” he adds.

How can you make the most of MBA career support?

With a range of career development resources available, it’s important to be able to prioritize and determine which elements will be most helpful to you and your career progression.

For Thomas, the focus has been on progressing in his entrepreneurial journey, however he feels his approach can be applied across other career paths. He advises to seriously consider how career resources can provide the greatest benefit for achieving your goals.

“I did one or two steps, then I would come back and reevaluate. It wasn’t always linear, but that’s how I managed all the resources that were available to me,” he explains.

Having a clear idea of his goals when entering the program helped Thomas develop a targeted approach. He suggests evaluating your strengths and weaknesses before the program begins to understand where you need the most support.

“I knew what I wanted to do quite early on, which helped me use the resources to get to the next step,” he continues.

Although programs like the ASB MBA typically offer various forms of career support, having career goals in mind and being proactive upon entering the program will enable you to make the most of these resources.

“Be prepared to actually get tested in the first few months,” says Thomas. “Ask for feedback, ask your classmates, ask faculty, ask CEOs who have observed you, so you know what you really need to work on.”

Read the full article here.

This article was originally published on BusinessBecause, a network helping MBA students make connections before, during and after their MBA.

Across Southeast Asia, universities are redesigning degrees around employability, industry partnerships, and cross-border exposure to meet the demands of a more integrated economy.

“Institutions are becoming more strategic, [with] fewer ceremonial memorandums of understanding, [and] more focus on employability, joint programmes, industry-linked projects, and selective research collaboration,” says Mandy Mok, CEO of AppliedHE, a Singapore-based higher education company offering tools and hands-on support to universities across Asia.

She adds that this is evident among private universities in Malaysia, especially those with industry-linked programmes.

“Degrees are increasingly co-designed with employers, with industry certifications, internships, and applied projects built in, so students graduate with skills and credentials that employers recognise immediately,” she says, adding that programmes are being shaped by job roles rather than academic disciplines in areas like technology, hospitality, and applied business.

At the Asia School of Business (ASB), regional exposure is embedded directly into programme design. ASB, established in 2015 by Bank Negara Malaysia in collaboration with MIT Sloan, is a graduate business school in Kuala Lumpur.

According to ASB CEO and president Prof Joseph Cherian, ASB’s global leaders’ executive training programmes are built across Malaysia and at least one other Asean market.

“Global leadership cannot be taught in a single-country context nor classroom. We practice what we preach… Our MBA and EMBA (executive MBA) students are required to do learning excursions into neighbouring countries, because one cannot understand the frictions and the flow of regional business until you are physically standing in the markets you aim to lead,” Cherian says.

Building on that philosophy, he argues that business education in the region should adopt a “Southeast Asia-out” approach.

He observes that for decades, the developed world has produced an abundance of business leaders trained in Western values and managerial frameworks to operate across borders.

“But the centre of gravity in growth, enterprise, and capital allocation is shifting decisively towards Asia. As Asian firms, and Asean firms in particular, increasingly expand internationally, we must flip the paradigm… We need global leaders grounded in Asian leadership principles, best practices, and values, not merely as an add-on to Western norms,” he says.

According to Cherian, this means equipping leaders to navigate markets, geopolitics, institutions, networks, and policy environments by starting from the realities of Asian systems.

“This is not a rejection of Western thinking, but a correction of imbalance. The world does not need more leaders trained to interpret Asia through Western templates. It needs leaders trained to interpret global complexity through an Asian or Asean lens, confidently, competently, and globally,” he says.

CONNECTING CAMPUSES ACROSS ASEAN

To enable regional movement of talent, however, there must be mutual recognition of qualifications between Asean member states, says Professor Abhimanyu Veerakumarasivam, deputy vice chancellor and provost of Sunway University.

“Without it, regional movement remains limited to short-term encounters. With recognition, mobility becomes structural, enabling graduates to pursue careers, postgraduate studies, and professional practice across Asean with confidence,” he explains, further noting that Asean higher education is shifting from parallel national systems towards an emerging regional architecture of collaboration, mobility, and shared standards.

Abhimanyu adds that while national systems will, and should, remain sovereign, important common building blocks are now in place. These include the Asean Qualifications Reference Framework, the Asean Credit Transfer System, and quality assurance platforms facilitated through the Southeast Asian Ministers of Education Organisation (SEAMEO) and broader Asean mechanisms.

He says these initiatives are making academic credentials more interoperable across borders while upholding aspirational academic standards.

“The Asean-SEAMEO Joint Declaration on the Common Space in Southeast Asian Higher Education signals strong political will to move beyond ad hoc bilateral arrangements towards structured regional cooperation,” he says.

According to Abhimanyu, joint and dual degree programmes, student mobility schemes, collaborative research projects, and emerging credit recognition arrangements that allow students to study across Asean are producing tangible results for learners and researchers.

“For example, Sunway University and Universitas Indonesia have established 10 joint research projects spanning material sciences, business management, and healthcare, fostering meaningful knowledge exchange, as well as staff and student mobility,” he says.

Research collaboration is also deepening. For instance, Sunway hosts the Asean Young Scientists Network secretariat and is expanding faculty mobility through joint appointments and co-supervision of postgraduate research.

Abhimanyu adds that sustained regional collaboration in higher education also serves as a soft diplomacy mechanism, reinforcing mutual understanding, dialogue, and resilience across borders.

“In this sense, academic networks contribute directly to a more stable and integrated Asean, creating a foundation for talent mobility, innovation, and shared problem-solving, even in a complex geopolitical environment,” he says.

UCSI University president and vice chancellor Professor Emeritus Datuk Dr Siti Hamisah Tapsir adds that Asean has made notable progress in harmonisation over the years, noting that the Asean Quality Assurance Network, for which UCSI serves as secretariat, has been instrumental in that effort.

She adds that while Asean member states began with fragmented education systems shaped by British, Dutch, French, and US colonial legacies, harmonisation is increasingly being driven by inter-university initiatives, research collaboration, and common interests.

“UCSI University partners with Indonesian, Thai, Singaporean, Filipino, and Vietnamese universities in the areas of sustainable aviation fuel, biochar carbon capture, microbial fuel cell technology, engineering, computer science, business, and medicine, among others,” she says.

Partners include National University of Singapore, Nanyang Technological University, Universitas Indonesia, Universitas Airlangga, Universitas Gadjah Mada, Mahidol University, and Chulalongkorn University.

International accreditation further supports labour market mobility, Siti says, adding that Malaysia, Singapore, Indonesia, and the Philippines are signatories to the Washington Accord, which recognises engineering degrees, while Malaysia and Indonesia are signatories to the Seoul Accord for computing and information technology degrees.

“Asean students are asking for regional exposure. They want to experience how international business is done in Malaysia. They want to step up as global citizens,” she says.

FROM RECOGNITION TO REPUTATION

Despite the momentum, deeper interoperability across Asean remains uneven.

“We’re seeing real progress, but it’s uneven. Integration is happening in specific hubs and corridors rather than across the whole system, so it still feels more concentrated than collective,” says AppliedHE’s Mok.

She identifies Malaysia, Thailand, and increasingly Vietnam as moving the fastest. “The common factors are clear: government internationalisation policies, stronger quality assurance, and institutions willing to benchmark themselves openly.”

The biggest constraints, Mok notes, are inconsistent quality standards, regulatory complexity, and lack of institutional transparency. “Many universities simply don’t have reliable data on outcomes, which makes trust and recognition difficult… Without solid evidence of how graduates actually perform, recognition still relies more on reputation than policy.”

In practice, Mok says, mutual recognition of qualifications remains largely aspirational outside select well-established pathways and professional fields.

“The frameworks are there, but implementation is slow and uneven, so recognition still tends to depend more on reputation than policy,” Mok says.

Professional bodies add another layer of friction, particularly where academic recognition does not automatically translate into the right to practise, she adds.

Sunway’s Abhimanyu also notes that professional pathways remain regulated nationally and that credit recognition processes outside formal networks can be slow and uneven.

Administrative requirements, such as visas and compliance, also differ across countries, limiting scalability and predictability for institutions and students.

“While some express concern that Asean mobility might displace national jobs, evidence shows the opposite. Mobility strengthens rather than replaces local talent pools,” says Abhimanyu.

“Mutual recognition, credit frameworks, and professional pathways are designed to complement, not compete with, national talent development,” he says, adding that structured regional movement encourages knowledge transfer, skills enhancement, and collaborative innovation.

ASB’s Cherian contends that turning regional ambition into measurable outcomes requires discipline, follow-through, well-trained leaders, and the institutional capacity to deliver.

He adds that while Asean-trained leaders must be deeply conversant with the region, their true strength lies in combining world-class management discipline with on-the-ground understanding of local and regional realities.

“Too often, after the Asean rhetoric and customary handshakes conclude, implementation becomes the harder act to follow. Our challenge at ASB is to ensure our graduates are the ones who bridge that gap between the handshake and the result,” Cherian says.

UCSI, meanwhile, sees a strong case for universities across Asean to come together and offer a shared university platform.

“This will pave the way for game-changing initiatives like 2+1+1 Asean professional degrees, where the third year is spent at a partner Asean university and the fourth is an industry-integrated year at an Asean regional employer,” says Siti.

“It’s important to provide cross-border opportunities across Asean, and Malaysia has stepped up with the provision of the EMGS (Education Malaysia Global Services) graduate pass that allows students to work for up to a year.”

MAKING THE WORK PLAN COUNT

For the Asean Work Plan on Education regional education cooperation roadmap—to bring about real change—commitments must be specific and measurable at the country level.

“Broad regional goals sound good, but they don’t move behaviour. Once countries attach numbers and timelines to their ambitions, accountability becomes real,” Mok says.

She adds that while Asean’s consensus culture makes public scrutiny uncomfortable, the absence of regular, visible reporting on progress makes commitments easy to ignore.

“Universities engage when there’s a payoff, for example through funding, recognition, and access to partnerships, not when participation feels like extra compliance work. The work plan needs carrots, not just rules… The plan needs early wins. Long timelines sap momentum,” she says, adding that pilots such as credit transfer schemes, shared internships, and joint credentials that deliver visible results within a year or two can help build confidence and political support for deeper integration.

For Sunway, three areas of consistency are essential as Asean develops its next regional work plan: shared quality assurance principles, interoperable credit and qualification frameworks, and regulatory predictability.

According to Abhimanyu, the focus areas established in Asean Work Plan 2021–2025, that include quality assurance, credit transfer, mobility, and lifelong learning, remain relevant.

“Consistency does not require uniformity. Asean’s strength lies in diversity, but coherence enables meaningful collaboration,” he says.

Abhimanyu adds that Malaysia exemplifies how national systems can remain sovereign while being regionally interoperable, allowing universities like Sunway to operate effectively at Asean scale.

Originally published by The Edge.