BMCC Newsletter Issue #334 - 3 January 2023 Dear Subscriber, |
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Welcome 2023! BMCC Wishes You A Happy New Year. |
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Happy New Year and welcome back! Whether you're starting fresh in the new year or sticking to your tried-and-true traditions, we hope you had a wonderful holiday season and are ready to tackle the year ahead. The year 2022 was a very successful for us as we were able to accomplish many different goals with the support of our dedicated members, sponsors, and business partners. We greatly appreciate all the support that we received. |
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2023 is a landmark year as it marks the 60th anniversary of BMCC's founding. It has been an incredible journey over the past 60 years, and we're grateful for the opportunity to have assisted our members and promoted trade between Malaysia and the UK. We have exciting plans in place tailored to our members and business partners to commemorate this momentous anniversary.
Keep your enthusiasm up and anticipate our upcoming events as we look forward to celebrating a fantastic and memorable year with every one of you!
To kick start 2023, we are hosting our annual New Year's Drinks on 17 January to ring in the New Year. Come and join us. Together, let's toast to a successful 2023! |
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| BMCC New Year's Drinks 2023. |
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Cheers to the New Year!
Raise your glasses and toast to the New Year with BMCC! To get your year off to a strong start, make the most of this opportunity to build new connections with our distinguished guests.
Date: 17 January 2023 Time: 7.00 pm – 9.30 pm Venue: Setia International Centre at KL Eco City.
Seats are limited so RSVP now! |
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| MITI Ready to Assists Industries & Exporters Gain Advantages of CPTPP. |
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The Ministry of International Trade and Industry (MITI) is ready to help and support Malaysian industries and exporters and ensure that they benefit from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which took effect on 29 November 2022 for Malaysia.
Malaysia became a party to the CPTPP free trade agreement (FTA) on 29 November, which has a broad scope that covers traditional market access areas as well as concerns with labour, the environment, state-owned enterprises, government procurement, intellectual property, electronic commerce, and small and medium-sized businesses (SMEs).
MITI in a statement stated that Malaysia would benefit from preferential duty rates for goods that are exported and imported to 8 CPTPP member countries and among the advantages are as follows:
i. Full duty-free treatment to all Malaysian exports entering Singapore and Australia. ii. Duty-free treatment on 96 per cent of our exports and tariff lines to New Zealand presently, which is set to increase to 100 per cent by 2024. Notably, Malaysian products across all sectors can enter the New Zealand market at zero duty, except for products such as textiles and processed wood which will become duty-free by 2024. iii. Malaysian exports to Japan are subject to duty-free treatment for 86 per cent of tariff lines, which will increase to 100 per cent by 2038. iv. Duty-free treatment for 88 per cent of Malaysian tariff lines to Vietnam, set to be at 100 per cent by 2033.
Malaysian companies must acquire a Certificate of Origin (CO) from MITI in order to enjoy CPTPP preferential tariffs. For more information on electronic applications for CO, please visit MITI's official portal at https://fta.miti.gov.my/index.php/pages/view/7.
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| Budget 2023 will be Re-Tabled on 24 February by the Prime Minister. |
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Prime Minister and Finance Minister, Datuk Seri Anwar Ibrahim is scheduled to present Budget 2023 at the Dewan Rakyat on 24 February 2023, Friday. This is according to the items listed on the official portal of the Parliament. The second session of the 15th Parliament is to commence on 13 February with His Majesty Yang di-Pertuan Agong's royal address.
On 7 October 2022, former Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz presented an RM372.3 billion budget for 2023, the highest in the country's history. Three days later the parliament was dissolved to make way for the 15th General Election.
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| Marlborough College Malaysia| Admissions Open Morning. |
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The Master of Marlborough College Malaysia extends a warm invitation to Admissions Open Morning on Saturday, 14th January 2023 from 8.30 am - 12.30 pm.
MCM is proud to be listed in the leading 100 schools globally (Spears Index 2022). Coupled with international award-winning pastoral care and boarding within a 90-acre campus, MCM provides opportunities for your child to flourish in the classroom and beyond.
- Outstanding academic results.
- Not for profit.
- UK National Curriculum, IGCSE & IB Diploma.
- Full co-curricular programme within the school day.
- Lifelong membership of the worldwide Old Marlburian network.
For more information or to register for this event please click here. |
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| Congratulations to Newcastle University Medicine Malaysia. |
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Our Sterling member, Newcastle University Medicine Malaysia's (NUMed) Biomedical Sciences programme was recently ranked in the Top 10 in the UK by the Guardian University Guide 2023. The university is also ranked in the top 125 for Life Sciences in the Times Higher Education World University Rankings by Subject 2022.
BMCC applauds NUMed's accomplishment and hopes the institution continues to be successful in its mission to provide students with a well-rounded education.
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| Shell Malaysia Appoints New Country Chair. |
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Congratulations to Shell Malaysia’s new Country Chair, Siti Hurrairah Sulaiman!
Siti's appointment was effective as of 1st January 2023, succeeding Dato Ivan Tan, who would assume the position of Executive Vice President, Wells, for Shell Group. In addition to her current responsibilities as Senior Vice President of the Upstream business in Malaysia, Siti will be in charge of all of Shell Malaysia's operations as she takes on her new role as Country Chair of Shell Malaysia. Adding to her record of accomplishments, Siti is Shell Malaysia's first female Country Chair and SVP Upstream. BMCC congratulates Siti Hurrairah Sulaiman on her appointment and wishes her the best of luck in her new position. |
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| Skrine | Chambers Asia-Pacific 2023 Rankings. |
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Skrine was recently ranked in 11 practice areas with 15 of their lawyers being recognised among the leading individuals in Malaysia.
Skrine was ranked:
- Band 1: Corporate/M&A, Employment & Industrial Relations, Intellectual Property, and Technology, Media and Telecoms (TMT).
- Band 2: Dispute Resolution, Projects, Infrastructure & Energy, and Shipping.
- Band 3: Banking and Finance, Real Estate, and Tax.
- Spotlight Table for Competition and Antitrust.
Congratulations to Skrine and its partners for their remarkable achievements! |
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Weather: Travel warnings for ice and travel disruption. -BBC News |
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A stronger, more positive comeback for Malaysia's medical tourism. -The Star |
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Malaysia's real GDP to ease 4.2 per cent in 2023. -New Straits Times |
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Stay up-to-date with the Chamber’s latest news and activities through this newsletter or follow us on our social media platforms. |
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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 2022
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