Issue #277 - 8 November 2021 Dear Subscriber, |
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Don't Miss Out on BMCC's Malaysia Economic Outlook and Post-Budget 2022 Webinar
At RM332.1 billion, the Malaysia National Budget 2022 tabled on 29 October 2021 is the largest ever in the history of the country. In line with the “Keluarga Malaysia” spirit, the budget is meant to be expansionary and inclusive, ensuring no person or business is left out as Malaysia sets its course for post-pandemic economic recovery.
The Minister of Finance YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, in an interview with Bloomberg on 4 November 2021, voiced his confidence that Malaysia is on track to revive its economy in 2022. The economy is expected to register robust growth of between 5.5 percent and 6.5 percent while fiscal deficit is projected to shrink to 6.0 percent of GDP from 6.5 percent in 2021. Meanwhile, tax proposals such as the prosperity tax, a review of real property gains tax, as well as imposition of service tax on delivery services have been introduced under Budget 2022 to boost government revenue. At the same time, high vaccination rates and rising oil prices also bode well for the economy.
While there has been some noise in business circles that the prosperity tax is not business-friendly and is a concern to large corporate taxpayers, it bears noting that the tax is a one-off occurrence and has a high threshold which precludes most Malaysian companies from being impacted.
That being said, how will the Budget actually impact you and your business on the back of the guarded optimism? What opportunities can you gain from the measures to benefit your business growth?
Join us for BMCC-CCIFM’s post-budget webinar where our expert panellists will offer their insights for business and analysis on the economy: - Datuk Johan Mahmood Merican, Director, National Budget Office, Ministry of Finance, Malaysia
- YB Dr. Ong Kian Ming, Member of Parliament, Bangi / Special Select Committee on Finance & Economy, Parliament of Malaysia
- Amarjeet Singh, Asean Tax Leader, Malaysia Tax Managing Partner, Ernst & Young Tax Consultants Sdn. Bhd.
- Anil Kumar Puri, Partner & Malaysia International Tax Leader, Ernst & Young Tax Consultants Sdn. Bhd.
- Yeoh Cheng Guan, Partner & Malaysia Indirect Tax Leader, Ernst & Young Tax Consultants Sdn. Bhd.
Date: Tuesday, 16 November 2021 Time: 2.45pm - 4.30pm (MYT)
Prior to this webinar, BMCC member companies are also encouraged to participate in the EY Business Pulse 2021 survey on “Living with COVID-19 and Winning together”, aimed at assessing business readiness in Malaysia for the transition to the endemic phase.
Participate in the survey here. Deadline for submission is 15 November 2021. |
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Regional Virtual Trade Mission to Malaysia, Thailand and Vietnam
The BMCC, in collaboration with the British High Commission in Kuala Lumpur, invites UK companies specialising in Green Building Solutions to join us for this complimentary webinar introducing opportunities in Malaysia, Thailand, and Vietnam, and providing information on the upcoming Regional Virtual Trade Mission focusing on green building solutions. This event is supported by the British Chambers of Commerce and British Embassies in Thailand and Vietnam. With a full commitment from Malaysia, Thailand, and Vietnam to a Green Recovery Plan, let's join forces to be part of creating big changes towards the region and expanding your business into the ASEAN market! Date: Wednesday, 17 November 2021 Time: 8.00am - 9.30am (UKT) / 4.00pm - 5.30pm (MYT) Venue: Zoom
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Sterling Member Sunway Medical Centre Sdn Bhd Visits the BMCC
On 26 October 2021, the BMCC received a visit from the Business Development team of our Sterling member Sunway Medical Centre Sdn Bhd. The purpose of the visit was to discuss opportunities for the BMCC and Sunway Medical Centre to collaborate in the upcoming year. The team also shared the hospital's innovation plan to incorporate digital healthcare solutions in their services. The BMCC team welcomed the chance to get to know the latest updates from our valued member, and also took time to explain in further detail the services and support offered by the Chamber.
Established in November 1999, Sunway Medical Centre is Malaysia’s leading private hospital delivering outstanding medical services and expertise by more than 250 consultants from over 60 specialties, along with allied health pioneers, strong nursing support, and a committed patient care system. Representing Sunway Medical Centre Sdn. Bhd: Ethan Wong (Senior Manager, Business Development), Hezrie Musa (Assistant Manager, Business Development) and Brigitte Jong (Senior Executive, Business Development).
Representing the BMCC: Jennifer Lopez (Chief Executive Officer) and Roufizah Razali (Senior Manager, Membership and Strategic Partnerships). |
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The BMCC welcomes our latest member company, Bowers Metrology Limited, to our growing affiliation of more than 200 leading businesses in Malaysia from all industrial spectrums. |
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Bowers Metrology Limited specialises in delivering a comprehensive range of precision measuring solutions to some of the most competitive and demanding shop-floor environments. Over the years, Bowers has proven its success with rapid, sustained growth and now prides itself on being the world's leading bore gauge manufacturer in terms of both production volume and breadth of product range.
Principal Representative: Ryan Telling (Regional Sales Manager) |
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Sterling Member Spotlight | Meet Zafar I. Anjum, Group CEO, ABAC Center of Excellence
The Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence is an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards.
In this issue, Zafar I. Anjum, Group CEO, ABAC Center of Excellence talks about the organisation's milestones as it expands its footprint in Malaysia and its significant role in advancing a risk management culture in corporate Malaysia.
Zafar believes the BMCC, with our understanding of the British-Malaysian trade, plays a valuable role in guiding the ABAC Center of Excellence in its growth plans within Malaysia – helping to strengthen the existing trade while widening the company's perspective of market reach within the country.
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Projection of Expatriates for the Year 2022 Opens on 1 November 2021
Please be informed that companies registered in the Expatriate Services Division (ESD) online portal may apply for projection of expatriates for Employment Pass (EP) and Professional Visit Pass (PVP) for the year 2022 beginning 1 November 2021.
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ABAC | Building a Culture of Compliance and Trust through ISO 37301:2021 CMS
Our webinar “Building a Culture of Compliance and Trust Through ISO 37301:2021 CMS” will highlight all the essentials of a corporate compliance programme including adequate due diligence for Third-Party Risk Management.
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Deloitte | Join Us for Two Upcoming Global Employer Services Webinars
Deloitte Global Employer Services (GES) is pleased to bring you two complimentary webinars highlighting key considerations for employers as we settle in an era of new work arrangements.
1) The Traditional Workplace: Are You Compliant?
Includes employers' obligations and key highlights of the recently issued Audit Framework for Employers.
Date: Thursday, 11 November 2021 Time: 9.00am - 11.00am
2) Budget 2022 Webinar and the New Workplace
Includes the latest Malaysian immigration updates by TalentCorp speaker.
Date: Thursday, 25 November 2021 Time: 9.00am - 11.00am
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British Council | Study UK East Asia Virtual Masterclass Series – 15 to 26 November 2021
The Study UK East Asia Virtual Masterclass Series brings you the chance to experience exciting Masterclasses across different subjects with UK universities!
Masterclasses are free and open for students in Brunei, Hong Kong SAR, Indonesia, Japan, Mainland China, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam. Register now to experience what different subjects and courses offer in the UK!
Study UK East Asia Virtual Masterclass Series is free-of-charge!
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City & Guilds Group | Building Gender Diversity through Apprenticeships
Apprenticeships are a powerful catalyst to building more diverse workforces. Based on this shared belief, City & Guilds and Franklin apprenticeships co-hosted an event in June 2021 on this important topic. We are delighted to co-host this exciting follow up roundtable discussion, which will be a deeper dive into how apprenticeships can improve diversity, equity and inclusion.
We will be joined by some fantastic employer brands from both sides of the Atlantic Ocean with T-Mobile, NatWest Bank and Siemens as they share their experiences and insights. The session will be chaired by Kirstie Donnelly, Chief Executive Officer, City & Guilds Group, in partnership with Franklin Apprenticeships.
Date: Thursday, 18 November 2021 Time: 4.00pm - 6.00pm (UKT) / 12.00am - 2.00am (MYT +1)
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Invest Selangor | Selangor International Business Summit 2021 (SIBS 2021)
Registration is Now Open!
Come and re-energise your business with fresh perspectives from the industry professionals and explore innovations at SIBS2021 this 18-21 November 2021!
Register your visit here. |
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Visit Charterhouse Malaysia’s Brand New Campus at Our First Physical Open Day!
Charterhouse Malaysia is one of the original seven British school. Admissions are now open for A Level and IGCSE students.
It is our pleasure to invite you to our first physical open day on Saturday, 13 November 2021, from 9.00am to 12.00pm.
Come and meet our Academic Leadership team and take a tour around our brand new, beautiful campus!
Book your appointment here. |
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Come to Marlborough College Malaysia’s Open Morning
For an international education that gives children a passport to a global future, come and see us. We are a fully coeducational, independent British boarding and day school for children aged 3 to 18 years old. With outstanding academic results, the College is proud to be in the top 15 schools in SE Asia (Spear's Schools Index 2021). Coupled with international award-winning pastoral care, and set within a 90-acre purpose-built site, MCM provides opportunities for your child to flourish. "Asia's only authentic British Boarding School" ─ Singapore Tatler - In the top 2% globally for IB
- UK National Curriculum, IGCSE & IB Diploma
- Full co-curricular programme within the school day
- Lifelong membership of the Old Marlburian worldwide network
Date: Saturday, 13 November 2021 Time: 8.30am (MYT) |
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Direct English | Register Now for Your Free English Placement Test
If you’ve always thought about learning English but never known how – why not start today by taking our online placement test? It’s free, quick and will help us give you an accurate assessment of your level of English, as well as a personalised plan to develop your skills. You can register for our FREE English Placement Test here.
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Mint Communications | 16th Private International School Fair
The Private & International School Fair is back in Kuala Lumpur! Happening in two weeks' time on 13 and 14 November 2021, the fair is an opportunity for you to meet school representatives from international schools, UK universities or explore other learning opportunities! The fair will take place from 11am to 6pm at the Mid Valley Exhibition Centre. Admission is free, and for fully vaccinated visitors only. See you there!
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EY Business Pulse Survey 2021
We are pleased to invite you to participate in EY Business Pulse survey, “Living with COVID-19 and winning together”. Comprising three sections, this quick 10-minute survey aims to assess business readiness in Malaysia for the transition to endemic phase: - Section 1: Impact – How was your business impacted by COVID-19?
- Section 2: Plans – What are your business plans to survive and thrive once COVID-19 becomes endemic?
- Section 3: Limitations – What are the limitations preventing your business from surviving and thriving?
Survey responses will be aggregated in an EY survey report. Participation deadline is 15 November 2021 and we assure you the strictest confidentiality.
Participate in the survey here. |
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Advance HE | Recognising One’s Value in the Malaysian Education Sector Irene Wong shares her thoughts on being recognised as a Senior Fellow after working in the Malaysian private education sector for more than 20 years. There are now more than 150,000 fellows recognised by Advance HE around the world for a personal and institutional commitment to professionalism in teaching and learning in higher education.
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Tay & Partners | Post-Employment Restrictions: Non-Compete, Solicitation & Confidentiality
Gone were the days where employees stayed loyal only to one employer till retirement. Leaving a job to pursue a better opportunity and career progression are becoming social norms. Employers spend considerable time, money and effort in developing strong relationships with suppliers, customers and employees.
These strong relationships contribute greatly to the success of the business. In such circumstances, employers would require legal protection to protect their business interests to prevent poaching of customers and staff by their former employees. |
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(The Edge Markets [Bloomberg]) |
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British Malaysian Chamber of Commerce Berhad 201801018075 (1280091-P) E04C0, 4th Floor East Block, Wisma Golden Eagle Realty, 142-B Jalan Ampang, 50450 Kuala Lumpur Copyright © BMCC 2021 |
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