BMCC Newsletter Issue #369 - 4 September 2023
Dear Subscriber, |
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GROUNDBREAKING DEVELOPMENT TO SHAPE MALAYSIA'S ECONOMIC LANDSCAPE |
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A groundbreaking development is set to shape Malaysia's economic landscape for years to come! On 1 September 2023, Malaysia's Prime Minister YAB Dato’ Seri Anwar Ibrahim officially introduced the New Industrial Master Plan 2030 (NIMP 2030)at the Ministry of Investment, Trade & Industry (MITI). |
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NIMP 2030 is the fourth iteration of the Industrial Master Plan (IMP), this time around, it brings a fresh perspective with its mission-based approach. This forward-looking plan aims to revolutionise Malaysia's manufacturing sector by promoting widespread growth aligned with the vision and objectives of the MADANI Economy. |
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The new plan will focus on enhancing economic complexity, strengthening domestic industrial connections, and elevating Malaysian industries within the global value chain, all with the goal of building a resilient industrial base for long-term, sustainable growth.
"The development of this industrial masterplan is essential to generate benefits for various stakeholders, including enhancing the competitiveness of SMEs, creating higher-paying, higher-quality jobs for Malaysians, and rebuilding Malaysia's middle class," noted The Minister of Investment, Trade, and Industry, YB Senator Tengku Datuk Seri Utama Zafrul Aziz.
NIMP 2030's six key goals: - Increasing economic complexity
- Creating high-value job opportunities
- Strengthening domestic linkages
- Developing new and existing clusters
- Improving inclusivity
- Enhancing Environmental, Social, and Governance (ESG) practices.
The expected outcomes include economic diversification, enhanced global competitiveness by exporting more complex products, and higher wages for employees in the manufacturing sector.
The goal will be supported by its missions, enablers, strategies, and action plans. |
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Nine Mission-based Projects (MBPs) have been designated as catalytic projects to initiate the implementation of the masterplan. MBP champions have also been selected to ensure they possess the stature to mobilise the entire industry and the capacity to scale up, to create impactful spillovers, particularly via the inclusion of SMEs. Furthermore, MITI will work closely with the industry to identify additional MBPs during the NIMP's implementation phase.
NIMP 2030 is committed to strengthening SMEs by enhancing their capacity to engage in higher-value opportunities, adopting technology to boost productivity, and reducing reliance on low-skilled labour. The plan will also enhance SMEs' ESG capabilities, ensuring their continued participation in ESG-compliant multinational corporation vendor ecosystems and access to ESG-sensitive export markets, while also contributing to the country's sustainability goals.
The implementation of NIMP 2030 will follow a comprehensive whole-of-nation approach, supported by robust governance structures and monitoring mechanisms. The National NIMP 2030 Council, chaired by the Prime Minister, will oversee this nationwide effort.
To fund these action plans, the Government has allocated a total of RM8.2 billion, leading to the establishment of two new funds: the NIMP Industrial Development Fund and the NIMP Strategic Co-Investment Fund. Additional incentives will be unveiled during Budget 2024.
The BMCC congratulates Malaysia on the launch of NIMP 2030. We are committed to collaborating closely to ensure the plan's success, fostering business connections, and contributing to sustainable growth.
Click on the buttons below to download a copy of the NIMP 2023. For more information, click here to be directed to the official site. |
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| Join Us At The Welcome Reception For The British High Commissioner To Malaysia |
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BMCC Members are invited to join us for an evening filled with networking and fellowship, as we extend a warm welcome to Her Excellency Ailsa Terry, the British High Commissioner to Malaysia. The event will also feature a cosy fireside chat with H.E. Ailsa, offering an intimate opportunity to gain insights into her vision and top priorities as she embarks on her role as High Commissioner.
19 September 2023 5.30 pm - 8.30 pm The Pavilion, Level 6, The Ruma Hotel
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| Calling All British Tech Sector Businesses Interested in Exploring Opportunities in Malaysia |
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BMCC is thrilled to be a supporting partner of wippd's trade mission to Malaysia. This is your prime opportunity to enhance your business or investment prospects within Malaysia's technology and innovation ecosystem.
Take hold of this invaluable opportunity to showcase your cutting-edge solutions at the renowned ASEAN Business Conference, deliver impactful investor presentations, and engage in high-level networking events. |
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BMCC Members can seize this advantage at a reduced rate of £2,450, down from £2,950. Don't miss out!
The key offerings include: - Six nights' accommodation at a 4-star hotel and hassle-free airport transfers
- A 3x3m booth at the prestigious ASEAN Business Conference's Smart Cities & Digital Section with a chance to secure a speaking slot
- Roundtable discussions and/or meetings with government officials and industry decision-makers
- Engage with SE Asia Net Zero Investors
- Exclusive ticket to the networking dinner
- Meetings with esteemed government representatives from ASEAN regions
- VIP walkaround guided by senior state stakeholders
- Insightful session dedicated to understanding smart city opportunities in Malaysia
- Opportunity to deliver investor presentations
- Half-day speed dating business matching
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| Selangor Youth Community | A Fundraising Hi Tea in London with The Crown Prince of Selangor |
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Selangor Youth Community (SAY) cordially invites you to an afternoon of elegance, networking, and purpose, graciously hosted by His Highness Crown Prince of Selangor, Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj.
SAY is taking a step forward in its mission to empower Malaysian youth. This exclusive event is more than just tea and conversation – it's a chance to make a lasting impact. Together with esteemed guests, businesses, agencies, the local community, and His Highness, let's dive into meaningful dialogue and forge pathways to empower at-risk Malaysian youth. Your presence matters, your ideas count. Let's shape a better tomorrow, one young life at a time.
Seats are limited, please click here to RSVP by 5 September. Successful registrants will receive an email confirmation. |
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| Calling All Organisations To Join QS Higher Ed Summit: Asia Pacific 2023 |
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QS Higher Ed Summit: Asia Pacific is an inclusive platform where higher education leaders, ministers of education, and employers from the Asia-Pacific and beyond come together to drive the progress of higher education in the region.
This year, the QS Higher Ed Summit: Asia Pacific 2023 will host over 1000 attendees at the Kuala Lumpur Convention Centre, and it will be globally live-streamed from 7 - 9 November.
Elevate your organisation's brand by reserving a booth at the summit at a preferential rate of US$6,000!
Interested members can contact E Way Chong at eway@qs.com. |
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| Catch the Concert of the Champions - Long Live the Queen |
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In support of the Malaysia British Society, we invite you to the awe-inspiring "Concert of the Champions - Long Live the Queen," is a magnificent music celebration dedicated to the iconic band Queen and the legendary lead vocalist Freddie Mercury.
Do not miss this exceptional opportunity to be astounded by the concert, featuring impeccable renditions of Queen's music. Experience the legend once more with a sensational selection of Queen's timeless classics, including the exhilarating anthems "We Will Rock You," "Bohemian Rhapsody," "We Are The Champions," and many more.
Concert of the Champions - Long Live the Queen Date: 20 - 23 September 2023 Time: 8.30 pm Venue: Zepp Kuala Lumpur
BMCC Members get to enjoy an exclusive 15% discount when purchasing selected tickets.
- Applicable to Premium, VIP, CAT A, and CAT B only.
- Key in “BMCC15” in the promo code column.
- Not applicable with any other ongoing promotions and/or offers.
- Promo is valid for all shows.
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| Get Tickets To Hometown Glory - A Tribute to Adele Starring Natalie Black |
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BMCC in support of the Malaysia British Society invites you to the Royal Charity Gala Performance of the award-winning British show, "Hometown Glory: A Tribute to Adele," starring Natalie Black!
This extraordinary show is a must-see for all Adele fans. Natalie's unrivalled likeness in both vocal quality and appearance will make this a night to remember. She will perform your most loved Adele songs from her four albums, with hits such as 'Set Fire To The Rain', 'Make You Feel My Love', 'Someone Like You', 'I Drink Wine' and of course, 'Skyfall'. This show will leave you warm inside, not to be missed!
A Tribute to Adele Starring Natalie Black Date: October 17, 2023 Time: 8.00 pm Venue: Platform KEN-TTDI, Kuala Lumpur
Individual ticket prices are as follows:
All donations of RM5,000 and above are tax-exempt. Companies or individuals purchasing a block of 10 seats or more will qualify for a charity Tax Exemption Certificate. |
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| ACCA | Sign Up and Get Exclusive Offer to the Technical Symposium 2023 |
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Themed “Embracing Sustainability in Financial Reporting, Tax, and Audit,” the virtual ACCA Technical Symposium 2023 will bring together experts to provide you with the latest and most important technical developments in corporate reporting, tax, and assurance to give you a comprehensive update within a day focusing on global and local developments in both Malaysia and Singapore.
Date: 21 September 2023 Time: 9.00 am - 5.00 pm CPD Points: 7.0 units
Exclusive Offer for BMCC Members: Take advantage of a 10% discount off the published public rate. Use the code "PartnerTS" during registration to enjoy this special offer. |
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| Deloitte Malaysia | Join the 2023 Global Employer Services Southeast Asia seminar in Malaysia |
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It is crucial to stay current on manpower strategies to effectively manage an evolving workforce!
Date: 12 September 2023, Tuesday Time: 8.00 am - 5.30 pm Venue: One World Hotel, Petaling Jaya Join the Deloitte 2023 Global Employer Services Southeast Asia seminar, where Deloitte speakers will equip you with efficient strategies that will future-proof your workforce, and align your business and talent goals. With a strong focus on governance, this seminar will also provide the latest updates in #tax and immigration policies, specifically in Malaysia and other Southeast Asian countries. Time to optimise, reshape, and transform your mobility and talent programmes successfully! Click here to register! BMCC Members get to enjoy a special discounted fee of RM680 per person for the conference.
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| International SOS | Asia Health, Wellness & Security Conference 2023 |
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Register today for International SOS Foundation's Asia Health Wellness & Security Conference 2023, happening in Bangkok, Thailand from 5-6 October 2023.
Attend this in-person conference to gain invaluable insights and network with global leaders and leading industry experts in health, security, travel, risk, and well-being who together will explore this year’s theme, “The Yin Yang of Workplace Health”
Click here to learn more about the event and to register! |
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| Marlborough College Malaysia | Open Morning on Saturday, 9 September 2023 |
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The Master of Marlborough College Malaysia extends a warm invitation to its Admissions Open Morning on Saturday, 9 September 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
Click here f or more information or to register for this event. |
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| Universiti Malaya | Asia-Pacific Society for Artificial Organs (APSAO) 2023 Congress |
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Universiti Malaya and The Asia-Pacific Society for Artificial Organs (APSAO) are organising the APSAO 2023 Congress from 25 to 26 September 2023. Themed 'Making breakthrough via a multidisciplinary approach,' the event aims to bring together professionals from diverse fields, including cardiothoracic surgeons, physicians, engineers, computer, and biomaterial scientists working in the area of cardiovascular, respiratory, and renal support systems.
The event covers four main themes in the fields of cardiovascular, respiratory, and renal support systems: - Patient management
- Design, development, evaluation, and clinical translation
- Digital health and numerical simulation
- Biomaterials and tissue engineering
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| Invest Selangor | 7th Selangor International Business Summit 2023 |
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The 7th Selangor International Business Summit (SIBS) will be held from 19 - 22 October 2023. SIBS has stamped itself as the main definitive platform for industries to expand opportunities into new markets in Malaysia and ASEAN.
Over the years, SIBS has shown tremendous progress and become the event of choice for industry players not only in Selangor but also in the whole of Malaysia.
Held at the prestigious Kuala Lumpur Convention Centre, SIBS 2023 comprises many components under one roof, namely Selangor International Expo (F&B), Selangor International Expo (Medic), Selangor Industrial Park Expo, Selangor ASEAN Business Conference, Selangor Smart City, and Digital Economy Convention and Selangor R&D and Innovation Expo. All components are carefully curated to benefit the industry players in all aspects of their businesses.
Interested to visit or exhibit? Click here now for more info. |
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| JLL | Launch of 26 Vista in Northcliff |
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Our esteemed member JLL has announced the launch of 26 Vista, a 51-storey apartment in Vista Street, Northcliff.
Designed to capture the best of Gold Coast’s subtropical climate, it offers views of Gold Coast Beach, Nerang River and hilly side of the city. Located in front of the Northcliffe light rail station, it connects to Surfers Paradise, Broadbeach and Southport in just minutes.
Developed by MRCB International S/B, the project is proudly brought to you by JLL Property Services (M) S/B. Contact Shu Ling at 011-33011394.
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| EnviroSolutions and Consulting | IFRS S1, S2 and Proposed ISSA 5000 Shape Global Sustainability Disclosures |
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The International Sustainability Standards Board (ISSB) issued its inaugural sustainability reporting standards – IFRS S1 and IFRS S2 – to serve as a global baseline for sustainability disclosure requirements. The International Auditing and Assurance Standards Board (IAASB) issued its proposed International Standard on Sustainability Assurance (ISSA) 5000 to provide external assurance on a company’s sustainability reporting.
Click here to read more about this regulatory update. |
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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 2023 |
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