Dang Tai Luk

Executive chairman, MyNews Holdings

 

For starting and growing a chain of convenience stores

Dang Tai Luk

Dang Tai Luk is the founder of myNEWS, the man responsible for transforming a modest 200 sqft traditional newsstand into one of the largest homegrown convenience chain in the country. The 2019 EY Entrepreneur of the Year grew up in a family of rubber tappers in a small village in Perak and attributes his success to his parents' tenacity and their insistence on education.

"Education changed my life and that of my siblings," Dang explains. "This is the reason why I want to change lives through education." Schooling took Dang to Canada, where he completed his bachelor's and master's degrees in Computer Science. Afterward, he worked across Malaysia, Singapore, and Canada. In 1996, he took the entrepreneurial plunge, working with his wife to open a small newsstand in a shopping mall car park. That small newsstand has now grown into a company that owns and operates over 600 retail outlets domestically, including Korea's CU, the UK's WHSmith, SUPERVALUE minimart, and MARU cafe.

True to Dang's passion, he's using his success to give back through education. His CSR program, "Allowances That Allow," supports underprivileged students with a monthly allowance in the years leading up to major examinations.

Impacted Industries


Did You Know?


Dang Tai Luk and MyNews partnered with renowned Japanese businesses to establish the first state-of-the-art food processing centre of its kind in Malaysia.