Ganesh Kumar Bangah
Despite fintech startups being the sexy new kids on the block, and a host of new digital-fuelled payment initiatives and platforms, such disruption will not kill off the incumbents, MOL Inc founder and chairman Ganesh Kumar Bangah told the What's Next conference.
DNA’s What’s Next: The Business Impact of Disruptive Technology conference adds Hong Leong Islamic Bank CEO Teh Maimunah to its speaker list, with Karamjit Singh pointing out that DNA invited her to ensure the conference focuses on ‘keeping it real.’
What’s an old-school business guy doing at a tech conference? Probably because his most famous venture harnessed technology and innovative business models to disrupt the entire global airline industry, and he is aiming to do the same to other industries, writes DNA founder Karamjit Singh.
After a series of acquisitions over the past few years, as well as the ‘financial data errors’ incident which saw a delay in its reporting, MOL Global will have a smaller appetite for mergers and acquisitions in 2015.
It has been a week of ‘2s’ for Karamjit Singh as he talks about the two leadership changes DNA wrote about, and two abuses of power, with one striking very close to the heart for him.
MOL Global founder Ganesh Kumar Bangah tells Goh Thean Eu that vacating his CEO role is the right decision for the company … and will also give him more time to get a life, amongst other things.
MOL Global founder Ganesh Kumar Bangah will now assume the role of executive chairman, while his post as CEO will be taken on jointly by Charles Ng Chee Chau and Preecha Praipattarakul, even as the company reports net losses. Goh Thean Eu looks more deeply at these developments.
While the overall stock market picture in 2014 seemed gloomy, some companies managed to dodge the larger trend, in particular those tech companies owned by entrepreneurs who made into Digital News Asia’s inaugural Digerati50 list, writes Goh Thean Eu.
MOL Global Inc, an e-payments company based in Malaysia, continued to face the backlash of disappointed investors as its share price plunged more than 80% from the opening price on its Nasdaq debut on Oct 9, 2014.
Mark Chang exits JobStreet.com, James Khoo of SecQ.me exits but under different circumstances, while MOL Global’s Ganesh Bangah Kumar has to deal with the fallout from his CFO quitting on the eve of his debut results announcement. It’s a tale of exits in the ecosystem this week!