The talk by TEEAM, hosted by SMG in partnership with Standard Chartered Malaysia, was a part of the EEA 2023 on-ground activation to offer businesses insight into export strategies.
PETALING JAYA: Amid the growing landscape of electrical components, the Electrical and Electronics Association of Malaysia (TEEAM) places strong emphasis on enhancing the safety, reliability and efficiency of electrical installations.
Its deputy president Lim Sai Seong said, since 2014, TEEAM has initiated a nationwide campaign, aimed at enhancing awareness about domestic electrical safety and advocating for the periodic testing of residual current circuit breakers (RCCBs).
RCCBs play a crucial role in detecting and preventing electrical leakage currents, mitigating the risk of electric shock resulting from indirect contacts.
“Continuous efforts of the safety awareness programme are in planning with close collaboration with the Energy Commission (EC),” Lim said during his welcoming remark at one of TEEAM’s series of technical talks held last week hosted by Star Media Group (SMG), in partnership with Standard Chartered Malaysia.
The talk was a part of SMG’s Export Excellence Awards (EEA) 2023 on-ground activation to offer businesses insight into export strategies.
One of the speakers at the talk, Mikro Sdn Bhd – a subsidiary of Mikro MSC Bhd
– technical support engineer Ng Tong Heng expressed that with the rise of electric vehicles (EVs) and solar technologies, effective electrical management becomes highly significant, while prioritising protection is of utmost importance.
Mikro holds a prominent position as a global exporter of electrical components, with Vietnam being its largest market.
Ng, who is part of the research and development team in the company with efforts to continue improvements on the existing product quality, highlighted that the introduction of new offerings, such as the modernised relay, has the potential to provide valuable assistance in addressing these challenges.
“Mikro’s new modernised relay can be seamlessly integrated with a mobile application, providing real-time readings and relay condition,” Ng shared during his talk on the topic of “Electrical Protection – Overcurrent & Earth Fault and Protection Relays”. Meanwhile, another speaker Chew Shee Fuee, past president of TEEAM, suggested the need for careful consideration for businesses between two approaches, whether to replace all existing relays with modernised versions or to evaluate the condition of the relays currently in use.
Chew acknowledged that relays played a role in protection.
However, he believes that having a greater number of relays doesn’t necessarily result in a better system.
“It doesn’t mean if you put in more relays, you’re protected from faults.
“This is because a higher number of relays increases the likelihood of relay failures, potentially resulting in system malfunctions,” he explained.
Chew mentioned that within a high-voltage system, it becomes unacceptable for any fault to endure beyond a few cycles, as such occurrences can deeply affect the entirety of the system with considerable consequences.
In the realm of exporting, Wong Yee Mei from Standard Chartered’s Business Banking segment underscored how the bank actively aids clients on various fronts, from cash management through digital channels to the provision of risk mitigation services tailored for exporters.
Given the bank’s extensive presence in more than 50 markets globally, she believes Standard Chartered is strategically poised to bolster businesses embarking on international expansion endeavours.
An example of this support lies in a collateral free instalment loan of up to RM2mil with a tenure of up to seven years, which can be utilised for diverse purposes such as digitalisation, automation and business expansion.
As for digital solutions, Wong further underscored the bank’s commitment to convenience.
She said the bank’s online banking platform provides a seamless banking experience for clients to manage cash, handle trade financing and execute foreign-exchange transactions.
Meanwhile, Standard Chartered Private and Business Banking, Consumer, Market Product Specialist head Christine Lee said the bank extends exclusive access to weekly market updates for its priority banking customers, presented by the research team.
Providing a brief overview of the global market, Lee highlighted observations from Aug 10 to 17, where a notable sell-off occurred in both shares and fixed income, primarily driven by subdued sentiment in China.
Submissions for the EEA 2023 are open, with nominations set to close on Oct 19.
The EEA 2023 is organised by SMG in partnership with Standard Chartered Malaysia, PKT Logistics Group Sdn Bhd as a co-sponsor, and Malaysia External Trade Development Corp as patron.
It is audited by BDO.
For more information on EEA 2023, go to exportawards.com.my or email eea@thestar.com.my
