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The South China Sea is at the centre of growing strategic competition between the United States and China. But does a stronger American military presence make the region safer, or risk escalating tensions? Brent Sadler, Senior Research Fellow for Naval Warfare at the Heritage Foundation, discusses China's maritime ambitions, America's role in the region, the Trump administration's foreign policy and what the rivalry means for Malaysia and ASEAN. See omnystudio.com/listener for privacy information.

We have had a week of discussion since the Budget 2027 was tabled last Friday. Criticisms of MPs from across the Parliamentary aisle have been well telegraphed. Did it tell as much about the Madani government’s thinking as it did about its critics? Was criticism of Perikatan Nasional’s failure to produce an alternative budget, when fledgling Bersama offered the public its tome, a valid one? And is there a danger that the Budget will be passed? We put these questions to the Leader of the Opposition. See omnystudio.com/listener for privacy information.

Malaysia's exports and foreign investment are growing strongly, but escalating US-China trade tensions, rising protectionism and the AI investment boom are reshaping the global economy. On The Breakfast Grille, we speak to Professor Dr Evelyn Devadason of Universiti Malaya and Dr Carmelo Ferlito, CEO of the Center for Market Education, about Malaysia's dependence on foreign markets, whether investment is building genuine domestic capabilities, and the competing arguments for government intervention versus market-led growth. Can Malaysia remain competitive while preserving its economic independence, and does ASEAN offer a credible way forward? See omnystudio.com/listener for privacy information.

HSS Engineers is positioning itself for Malaysia's next infrastructure cycle, expanding beyond traditional engineering consultancy into project management, data centres, water infrastructure and overseas markets. Executive Director Sharifah Azlina discusses the group's growth strategy as well as what it will take to deliver greater value for shareholders. See omnystudio.com/listener for privacy information.

With the government targeting up to 5.2% GDP growth and narrowing the fiscal deficit to 3.3% of GDP, questions remain over how long-term fiscal consolidation can be sustained as government revenue isn’t keeping pace with the size of the economy and debt-servicing costs stay elevated. UOB Malaysia Senior Economist Julia Goh joins The Breakfast Grille to go beneath the headline numbers. She evaluates middle-income tax reliefs, the durability of the AI and data centre investment cycle, domestic supply chain integration, indirect tax shifts, and whether potential inflation and rising fixed operating costs threaten the government's medium-term fiscal goals. See omnystudio.com/listener for privacy information.

Budget 2027 delivers record spending, yet the MADANI government says that the fiscal deficit will fall to 3.3% of GDP next year, even though petroleum subsidies have ballooned to RM40 billion. As the government balances pre-election expectations against fiscal discipline, Tan Sri Johan Mahmood Merican, Secretary General of Treasury at the Ministry of Finance, joins The Breakfast Grille to unpack the trade-offs and calculus behind Budget 2027. He addresses speculation surrounding a pre-election budget, explains why SST compliance and e-invoicing are being favored over a GST comeback, , and discusses how the government plans to manage growing salary, pension, and debt-servicing bills on top of this year’s surge in subsidies. He also explores strategies to plug subsidy leakages, alongside governance reforms including the State-Owned Enterprises Act and mandatory procurement disclosures See omnystudio.com/listener for privacy information.

As the MADANI government prepares to table Budget 2027, what are the key fiscal numbers and political signals you should be paying attention to? Former Deputy International Trade and Industry Minister Dr. Ong Kian Ming and Dr. Tricia Yeoh of the Asian Institute for Policy and Engagement at the University of Nottingham Malaysia, join The Breakfast Grille to discuss. They explore whether this will act as a pre-election budget, analyse critical indicators and numbers to watch, and discuss the mechanics of GST versus SST. They also highlight the structural reforms they hope the government will spend its political capital on. See omnystudio.com/listener for privacy information.

RT Pastry raised RM16.5 million from its ACE Market IPO to fuel expansion into new markets like Kuantan, but why did this profitable, formerly dividend-paying, cash-generative business tap the public capital market instead of using its own cash? Mike Tia, COO of RT Pastry, joins The Breakfast Grille to discuss. We dive into why RT Pastry chose Kuantan over Johor or Penang, declining same-store sales performance, and how shifting consumer spending is impacting product strategy. We also explore why the company raised RM16.5 million in public capital despite already generating strong cash flow and the reasons behind changes in its dividend history following a payout pause in the year before listing. See omnystudio.com/listener for privacy information.

After 20 years of selling bus tickets online, Easybook is making a major move into government business, installing its own AI-powered cameras at terminals to catch off-the-books passengers and stop revenue leakages. William Lee, Founder and CEO of Easybook, joins The Breakfast Grille to unpack why the company is betting big on managing physical terminals and public infrastructure instead of just selling tickets online. He shares the tough lessons learned from trying to scale across Southeast Asia, and explains how landing higher-margin government contracts might finally clear the runway for their long-awaited IPO. See omnystudio.com/listener for privacy information.

The Bursa-listed Censof Holdings has spent decades building a strong government financial-management software business. Now, it is looking to broaden that franchise through cloud, AI, automation and a new partnership with Microsoft. Ameer Shaik Mydin, Censof's Group MD discusses the firm's evolution and what investors can expect from its next phase of growth. See omnystudio.com/listener for privacy information.

Malaysia’s film industry is enjoying renewed momentum, with local productions attracting larger audiences and government incentives helping to bring international shoots to the country. But box-office success and foreign productions do not necessarily create a sustainable domestic industry. We speak to FINAS CEO Dato’ Azmir Saifuddin Mutalib about the effectiveness of public funding, developing local talent and intellectual property, and how FINAS balances its roles as both industry developer and regulator. See omnystudio.com/listener for privacy information.

Two days ago the US completed its withdrawal from Iraq, two decades after its invasion, in a move the American historian Paul W. Schoeder then called, “the fatal leap”. What will analysts be making of this American adventure in Iraq beyond the body count? And just as US President Donald Trump’s “war of choice” has put the Straits of Hormuz and the Bab El Mandeb on our lips, the Russian enclave of Kaliningrad is now coming into view. Tucked between Poland and Lithuania, it is home to the Baltic Fleet and sits 600km away from the main body of the Russian Federation. President Vladimir Putin has warned NATO that Russia is prepared to use all weapons in its arsenal including nuclear options if this enclave is attacked. East Asia has its signs of rising tensions too. So where is the world headed? See omnystudio.com/listener for privacy information.

Nine years after Formula 1 last roared through Sepang, the pinnacle of motorsports makes a surprise return to Malaysia, not as the Malaysian Grand Prix, but as the Bahrain Grand Prix. Azhan Shafriman Hanif, CEO of the Sepang International Circuit, joins The Breakfast Grille to discuss what it could take to justify a RM300 million bill for a permanent slot on the F1 calendar. With ticket demand surging past 95,000 thanks to F1's booming global popularity, Shafriman takes us behind the scenes of Sepang’s unique commercial arrangement with the Bahrain International Circuit and the logistics behind pulling this off on a compressed two-month timeline. Plus, he tackles the ultimate question: does a single-weekend economic boost justify spending RM300 million annually on a regular spot on the F1 calendar? See omnystudio.com/listener for privacy information.

As Chinese automakers aggressively expand and compete abroad, legacy automotive distributors face unprecedented market disruption. Dato' Seri Francis Lee, Group CEO of Bermaz Auto Berhad, joins The Breakfast Grille to discuss why they prioritise niche, sustainable sales volumes over aggressive price wars. This comes as revenue has fallen from RM3.9 billion in FY2024 to RM2.3 billion in FY2026, while net profit has fallen from around RM350 million to RM106 million.    Francis outlines Mazda’s shift toward premium positioning and hybrids, details the strategic boundaries set for Chinese EV partner Xpeng, and explains how conservative balance sheet management supports the company’s dividend record.    Can Bermaz Auto’s commitment to sustainable volumes & protecting brand value hold up as Chinese marques reshape the automotive landscape? See omnystudio.com/listener for privacy information.

In 2023, Pita Limjaroenrat, a Thai politician grabbed headlines when his party won the largest share of Parliamentary seats in the 2023 General Elections. With almost 4 million more votes than their nearest rivals, he and his party were seen as the face of a Thailand hungry for reform. Yet, he and his party were prevented from taking office in a series of legal manoeuvres that have come to define Thailand’s democratic deficit. With a ten year ban to wait out, the telegenic businessman turned politician splits his time between Bangkok and Boston, where he is Senior Fellow at Harvard University. He has just launched the English edition of his memoir, “The Almost Prime Minister”. Image Credit: Shutterstock See omnystudio.com/listener for privacy information.