BMCC Newsletter Issue #339 - 7 February 2023 Dear Subscriber, |
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BMCC Dinner with the Rt. Honourable Greg Hands MP, Minister of State (Minister for Trade Policy), United Kingdom. |
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The BMCC was honoured to host a small dinner for the Rt. Hon. Greg Hands MP, UK Minister of State (Minister of Trade Policy), to meet and speak with some of our members who are prominent British investors in Malaysia.
The dinner was held on 2 February as part of the Minister's official visit to Kuala Lumpur, which was aimed at further development and discourse on trade relations between both countries. The British High Commissioner to Malaysia, His Excellency Charles Hay MVO, also attended the dinner.
We would like to express our gratitude to the Right Honourable Greg for providing us with the opportunity to partake in this engagement on behalf of BMCC. We would also like to thank His Excellency Charles and the senior representatives of our members who attended the dinner.
We hope that it was a fruitful session for everyone, and we look forward to further growth of the trade links that exist between Malaysia and the UK. |
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Join us for a fireside chat with TalentCorp’s Group Chief Executive Officer, Thomas Mathew. The session will focus on the topic of "Prioritising Talent to Accelerate Malaysia’s Growth".
Don’t miss this golden opportunity to hear directly from Thomas on Talentcorp’s role and priorities for talent development for Malaysia as well as to dialogue on current challenges faced on talent.
Event Details: Date: 22 February 2023 Time: 2.30 pm – 4.30 pm Venue: Co-Labs Coworking Naza Tower, Level 25, Platinum Park, Naza Tower.
Seats are limited so register now to ensure you don’t miss this opportunity! |
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BMCC is proud to present this webinar in partnership with the British High Commission in Kuala Lumpur and the Institute for Democracy and Economic Affairs (IDEAS), on Malaysian Competition Act 2010.
Titled “Enroute to Competitive Neutrality: Enhancing International Trade and Opportunities in Malaysia”, this webinar will cover IDEAS’ findings and discussion on Malaysia’s competition landscape, the route towards competition neutrality and more.
Register now to listen more on this topic! For further inquiries, please contact darshini@bmcc.org.my. |
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This year’s budget will be crucial for all industries as this is the first one tabled by the new Unity Government. It is expected to address several economic issues the country is currently experiencing.
The BMCC is pleased to invite you to save the date for our upcoming webinar, 2023 Malaysia Economic Outlook & Post-Budget. Highlighting the efforts to strengthen economic recovery and gearing towards sustainable socio-economic resilience, our distinguished speakers will share their insights, analysis and discourse on Budget 2023.
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The BMCC is delighted to partner with BritCham Indonesia on this event:
Doing Business in Indonesia from your Malaysian Hub.
Details: Date: 9 March 2023 Time: 10.00 am to 4.00 pm (30 mins slot)
This is a one-day trade clinic providing a platform for a 1 to 1 discussion with Chris Wren, the Chief Executive Officer of BritCham Indonesia. It's a fantastic chance to understand opportunities in Indonesia while using Malaysia as a hub to develop into Indonesia. O r if you have some experience in Indonesia but feel like you're only scratching the surface, this is the opportunity to know more.
Book your spot if you want assistance finding agents or distributors and want to learn more about market access challenges. To reserve your session, please email Azizul@bmcc.org.my. Timing will be based on a first come first serve basis. |
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| Congratulations to the Awardee of the 2023 Federal Territory Day Awards. |
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The BMCC congratulates Datuk Seri Isham Ishak, the Secretary General of the Ministry of International Trade and Industry (MITI), Malaysia and Datuk Muhammad Azmi Zulkifli, Chief Executive Officer of InvestKL, on their recent national awards conferment in conjunction with the Federal Territory Day 2023. The awards were in recognition for their contribution towards the Federal Territory and the nation.
Datuk Seri Isham was appointed as Malaysia's Chief Negotiator for the Regional Comprehensive Economic Cooperation Agreement (RCEP) from 2016 to 2018. He was also Malaysia's Deputy Chief Negotiator for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) from 2011 to 2015. He was recently appointed as MITI's Secretary General.
Datuk Muhammad Azmi currently serves as InvestKL's CEO and with InvestKL's team, he has successfully brought in more than 120 MNCs to set up regional headquarters or hubs within Greater KL. He also leads his teams to identify, facilitate, and develop solutions for MNCs to locate their high-value regional hubs in Greater KL and Malaysia. |
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Congratulations to Datuk Seri Isham Ishak, Secretary General of the Ministry of International Trade and Industry, who was conferred the Darjah Kebesaran Seri Mahkota Wilayah (SMW) which carries the title “Datuk Seri”. |
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Congratulations to Datuk Muhammad Azmi Zulkifli, CEO of InvestKL who received the Panglima Mahkota Wilayah (PMW) award which carries the title “Datuk”. |
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During the ceremony, His Majesty, Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, conferred federal awards, medals and honours on 164 recipients. Also present at the investiture ceremony were the Raja Permaisuri Agong Tunku Hajah Azizah Aminah Maimunah Iskandariah, Prime Minister Datuk Seri Anwar Ibrahim and his wife Datuk Seri Dr Wan Azizah Wan Ismail as well as Cabinet ministers. |
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| Meet Our New Sterling Member, IMSM Ltd. |
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BMCC welcomes our new Sterling Member, IMSM Ltd!
Founded in 1994, IMSM is one of the foremost ISO consultancies operating internationally. Consulting across a wide range of industry sectors and sizes, IMSM provides qualified, professional and experienced expertise dealing with 13+ International Standards spanning multiple disciplines. They also offer bespoke consulting on most ISO standards. To this date, the company have a client base of over 15,000 companies. IMSM is unique in the marketplace as they offer a fully costed and fixed fee consultancy service. |
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| Meet Our New Member, British Theatre Playhouse Pte Ltd. |
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British Theatre Playhouse is a professional theatre production company incorporated in Singapore in 2004 and is internationally focused with a strong British connection. Having established a UK branch office in 2014, the company work even more closely with established British playwrights, writers, actors, directors, musical directors, and set and costume designers. The company has produced and presented a series of highly successful British productions in the UK, Singapore, Malaysia, Thailand and more. |
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| Malaysia a Leader in Medical Device Industry. |
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The Malaysian Investment Development Authority (MIDA), the nation's primary agency for promoting investment, has seen a growth in FDI connected to medical devices and significant interest from domestic investors in expanding this industry.
Malaysia is rapidly becoming a global leader in the medical device industry, owing to conducive policies encouraging research and development (R&D), proximity to emerging markets, and rapid company expansions. |
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| Deloitte Malaysia | Top Cross-Border Tax Issues to Watch Out For in 2023 – from the Malaysian Perspective. |
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As they say, nothing is certain in life save for death and taxes. And as international businesses adapt their modus operandi for global conditions, the issues of permanent establishment (“PE”) and withholding tax (“WHT”) are imminent.
On the international front, the Organization of Economic Cooperation and Development (“OECD”) remains committed to realizing the Global Minimum Tax (“GMT”), arguably the largest tax reform in history. Malaysia is expected to implement this in 2024.
On the domestic front, many conditions need to be met before foreign source income can be exempted, with additional conditions in relation to economic substance announced in December.
Understanding the intricacies of the rules and regulations remains crucial for global businesses, and against this background, we share our thoughts on some of the international tax issues that one should watch out for in 2023. |
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| Marlborough College Malaysia | KL Admission Event. |
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The Master of Marlborough College Malaysia extends a warm invitation to our KL Admissions Event on Tuesday 7th February from 12.00 noon - 2.00 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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| Gordon Ramsay Bar & Grill Launches Business Lunch in Sunway City Kuala Lumpur. |
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Priced from MYR188, the exquisite business lunch can be enjoyed on weekdays from 12.00 pm to 3.00 pm.
For any inquiries or to reserve, click here. |
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| CMI Management and Leadership Sdn Bhd. |
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Project Management: Borderless Work Nature.
CMI Malaysia, in collaboration with QR Resources, Quantum Steppe Advisory, Kampus X, and QR Talk will be hosting this digital event providing a thought leadership perspective on the area of project management and what it takes to be successful from a regional context. This is the last in a series of webinars that looked at a future-centric organisation of tomorrow, with this final session taking a slant on what it takes to successfully manage global/regional projects.
The event will be hosted by Taranjeet Singh CMgr CCMI, Chair of CMI Malaysia, and speakers will be Nurleli Susetiyo, Corporate Coach and Founder & CEO of Quality Resources, Indonesia, and Major Dr Prebargaran Jayaraman FCMI, CEO of Samudra Management Consultants, Kuala Lumpur and CMI Malaysia Regional Board Member.
Webinar Details: Date: 22 February 2023 Time: 8.00 pm - 9.30 pm (MYT) Click here to register for this complimentary webinar. |
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Leading in Times of Constant Disruption & Crisis: Lessons from the Frontline.
Join us for this CMI Malaysia digital event, where esteemed professionals share insights on how to fill the critical gap in understanding and discuss how those tasked with leadership can effectively handle the constant disruption prevalent in this current business landscape.
The event will be moderated by Kishenjeet Dhillon CMgr MCMI, CMI Malaysia Regional Board Member, and our distinguished speakers will be Prof. Sattar Bawany, CEO & Certified C-Suite Master Executive Coach, Disruptive Leadership Institute LLC, and Monique Yong, Group Chief Human Resources Officer, Columbia Asia Group.
Webinar Details: Date: 27 February 2023 Time: 5.00 pm (MYT) / 9.00 am (GMT)
Click here to register for this webinar. |
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| JLL Breakfast Talk: Demystify Green Financing Through the Real Estate Lens. |
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According to JLL's survey of 340 sustainability leaders across Asia Pacific, up to 42% of occupiers and large developers have signed leases incorporating green clauses. This being evidence of green leasing gaining traction in the market, conventional leases may soon be a thing of the past as 65% of sustainability leaders believe green leases to take its place by 2025.
But despite the growing green demand and expectation, about 45% of Malaysian companies have yet to allocate a sustainability budget according to a survey by the UN Global Compact Network Malaysia & Brunei (UNGCMYB). This calls for the need to raise awareness on the green movement to strategise the next best action plan before return on investment start to be impacted.
Date: 16 February 2023 Time: 8.30 am – 11.30 am Venue: W Hotel Kuala Lumpur
Join us in our efforts to unravel the green enigma and understand how real estate is accelerating and reshaping a greener built future. |
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| Inspiring Learning Ltd | Camp Beaumont Day & Residential camps in South East Asia. |
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Camp Beaumont, an award-winning school holiday camp provider in the UK, part of leading outdoor learning and education specialist, Inspiring Learning, has expanded into Thailand, Malaysia, and Singapore this year. The Group hosted over 2,200 child days last summer and autumn, delivering class-leading, inspirational childcare during the school holidays.
This year they will offer an English Language residential programme at the prestigious Marlborough College in Johor, Malaysia from the 9th to 16th April 2023. April and Summer day camps will be on offer at The Alice Smith Schools, Sri KDU (Kota Damansara), Tenby International School (Setia Eco Park), British School of Kuala Lumpur in Malaysia, Tanglin Trust in Singapore, Wellington College in Thailand and Wycombe Abbey and Malvern College in Hong Kong.
BMCC members’ family or friends, aged 18 years and above are invited to apply and join this Camp Beaumont Asia as staff!
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Budget 2023: Ministry to focus on R&D, marketing Malaysia's products internationally. -New Straits Times |
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PM Anwar says govt aims to turn federal territories into smart cities by 2030. -MalayMail |
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Dr Zaliha discusses healthcare reform with Msian medical experts in UK. -The Sun Daily |
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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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