Ethan Chew Yizheng

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Ethan Chew Yizheng Sharing Business, Economics, Philosophy commentary from my perspective
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26/09/2026

Sunway University made RM271 million in revenue and RM21 million in profit after tax.

But if it is “not-for-profit”, where does the profit go?

That’s the part many people misunderstand.

Not-for-profit doesn’t mean an organisation cannot charge high fees or make money. The real difference is what happens to the surplus after it is made.

Sunway’s ownership structure explains why.

24/09/2026

As children, we never realise we’re living through the memories we’ll miss one day.

I used to wait all year for lanterns, candles and Mid-Autumn nights with my dad.

Somehow, the years passed.

Now I’m the dad buying the lanterns, holding little hands and watching the same excitement I once had.

The festival never really changed.

I did.

23/09/2026

Having children means saying goodbye to a version of your life you’ll never get to live.

Less freedom. Less sleep. More responsibility.

But people without children give up a version of life too.

Nobody gets to experience every possible life.

Every choice opens one door and closes another.

Maybe happiness isn’t wondering what was behind the other door.

It’s learning to appreciate the one you walked through.

22/09/2026

Can you actually pay for a Guinness World Record?

Malaysian companies can spend RM60,000 or more working with Guinness World Records. But the money doesn’t buy the title. It buys the process, support and potentially an adjudicator.

The real business lesson is more interesting: brands aren’t just chasing a certificate. They’re creating a measurable achievement that can turn a marketing campaign into news, searches, shares and PR.

Pay for the stage. Earn the record.

21/09/2026

Pin Yang isn’t saying no to AI. He’s just redrawing the org chart.

At CTOS SME Biz Day, the KL Foodie founder told me his content team could be 70% AI, 30% humans. But that 30% isn’t optional — they’re the ones who know how to prompt well, have good taste, and can still tell a story that lands.

AI isn’t cutting headcount to zero. It’s raising the bar for who gets to keep a seat.

Part 2 of our CTOS conversation.

20/09/2026

ZUS Coffee could IPO at a RM4 billion valuation while Luckin is accelerating across Malaysia.

But Luckin doesn’t need to overtake ZUS to become a problem. It only needs to make every new store more expensive to grow — fighting for locations, customers and ticket size.

ZUS won the scale war. The next war is defending the economics behind that scale.

Sometimes the best time to list is while you’re still clearly number one.

19/09/2026

Your next tyre change might happen on your phone.

China’s Tuhu has entered Malaysia with 8,000+ workshops behind its model: see the price, choose the product, book, pay, then get it fitted.

The real disruption isn’t another bengkel. It’s price transparency.

When drivers know the price before walking in, “Boss, special price for you” becomes a much harder sales pitch.

Tuhu is trying to put the bengkel inside your phone.

Najib has finally received a conditional pardon. But it may be met with another hurdle.He can now serve his sentence at ...
18/09/2026

Najib has finally received a conditional pardon. But it may be met with another hurdle.

He can now serve his sentence at home until August 2028, on one condition: pay the RM50 million fine.

These checks don’t prove money is illegal. They ask if you can explain where it came from.

Paying settles the fine. Explaining it may not be as simple.

18/09/2026

Najib has finally succeeded after four years of legal and pardon attempts.

But house arrest comes with a major condition: the RM50 million fine.

If RM50 million is paid in one lump sum, could source-of-funds questions arise?

Malaysia’s AMLA framework allows source-of-funds scrutiny in higher-risk circumstances. That does not mean the money is illegal.

Paying the fine answers what you owe. Source of funds answers where the money came from.

16/09/2026

Lalamove didn’t reinvent delivery. It changed how businesses pay for logistics.

Instead of buying a van, hiring a driver and carrying fixed costs, SMEs can rent exactly what they need — motorcycle, car, van or lorry — one trip at a time.

In 2024, Lalamove Malaysia generated RM100.5 million in revenue with just 171 employees.

The bigger lesson: sometimes disruption isn’t creating something new. It’s turning a fixed cost into a variable one.

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