BMCC Newsletter Issue #432 - (11 November 2024) |
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This week's highlights: - Malaysia Catalyses Digital Transformation and Inclusive Economic Growth with Budget 2025
- Please welcome our new members, Air IT and FDM Group!
- Two new upcoming events: Networking on Tap with W1 and GenConnect with YTL
- Check out our member news, including DDCAP Group's partnership with norbloc, various open days from our member schools, and an exclusive celebration of Samadhi Retreats' 25th Anniversary
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Malaysia Catalyses Digital Transformation and Inclusive Economic Growth with Budget 2025 |
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This vision is bolstered by an inflow of US$16.9 billion from technology giants like Amazon Web Services, Microsoft, Google, and Oracle, signalling strong global confidence in Malaysia’s tech future.
Digitalisation and AI: The Next Frontier
This increased support for AI research and development underscores the country’s commitment to ethical AI practices and creating a thriving AI ecosystem. Establishing the ASEAN AI Safe Network reinforces Malaysia’s dedication to fostering responsible AI adoption and paves the way for private sector involvement in AI research.
Empowering Education for Future-Ready Skills Budget 2025 introduces a special tax deduction for private universities and training institutes that develop courses in AI, robotics, Internet of Things (IoT), data science, financial technology, and sustainable technology. Expanding Internet access across public universities, schools, and remote areas further supports equitable access to digital education and learning resources.
Investments in Strategic Industries The Budget also capitalises on Malaysia’s potential as a data centre hub and supports the transition to renewable energy. For instance, RM500 million from the KWAP Dana Pemacu fund will target data centre investments, energy transition, and advanced manufacturing. Khazanah is also dedicating RM1 billion over the next four years to grow the local semiconductor industry.
Support for SMEs and Entrepreneurs
Tax Incentives to Encourage Digital Transformation To facilitate the government’s mandatory e-invoicing rollout by July 2025, accelerated capital allowances (ACAs) for ICT expenses, including purchases of equipment, software, and consultancy services, will allow full-cost claims within two years. This encourages businesses to invest in digital infrastructure, aligning with Budget 2025’s goals to promote efficient and transparent digital business practices.
Budget 2025 demonstrates the MADANI Government’s holistic approach to digital transformation. From investments in AI and digital infrastructure to enhanced cybersecurity and support for SMEs, the budget creates a roadmap for an inclusive, resilient, and dynamic digital economy.
BMCC encourage businesses to adopt digital tools, leverage available grants, and engage with industry groups to keep up with developments. By taking proactive steps, including strengthening cybersecurity measures and investing in upskilling, businesses can thrive in the evolving digital landscape and contribute to the nation’s economic transformation.
More information on other highlights and key takeaways from Malaysia's Budget 2025 can be found here. |
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Get a clearer understanding of Budget 2025 and attend our Economic Outlook this week on 14 November |
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Gain access to exclusive information from one of the minds behind National Budget 2025 YBhg. Datuk Johan Mahmood Merican, the Secretary General of Treasury, Ministry of Finance Malaysia, and join us for this complimentary high-level briefing,
Our expert speakers from EY, Abdullah Chan, BNP Paribas, and FIDE Forum will offer professional insights from both the private and public sectors, and be among the various supporting business Chambers in Malaysia.
Date: Thursday, 14 November 2024 Time: 10:00 am to 12:00 pm Venue: Asian Institute of Chartered Bankers (AICB)
Register now for this networking opportunity of a lifetime and stay up to date on what's ahead for Malaysia! |
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| Please Welcome Our Newest Sterling Member, Air IT |
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Air IT is Independently ranked as one of the UK’s top and most progressive Managed Service Providers (MSP). Highly accredited and award-winning, they’re a mature, well-established and trusted strategic technology partner to a wide range of organisations and in-house teams. |
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Utilising a suite of best-in-class ITSM solutions and toolsets, they work for industry compliance and ITIL and ISO best practices. With comprehensive expertise across IT and communications, cloud, cyber security, and business intelligence, they’ll cover all your technology needs. Whether you choose to fully outsource or complement in-house resources – Air IT provides a completely managed solution from initial advice to supply, implementation and ongoing support.
Find out more about them here.
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| Welcoming a New Member, FDM Group |
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FDM is an award-winning global business and technology consultancy powering the people behind tech and innovation for over 30 years. They collaborate with world-leading companies to identify the expertise they need, exactly when they need it. |
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They have successfully helped launch nearly 25,000 careers globally to date and are a trusted partner to over 300 companies worldwide. FDM has 5,000+ employees worldwide, with over 90 nationalities working together as a team. From their origins in Brighton, UK, FDM now has 18 centres located across Europe, North America, and Asia-Pacific and is on the FTSE4Good Index.
Find out more about them here. |
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Keep an eye out for our events that are instalments of our ESG Horizons campaign! This initiative is our way of supporting and spotlighting our members in their commitments and achievements towards ESG goals. |
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| 19 November | Towards A Better Tomorrow: Malaysia’s Sustainability Agenda in Driving Economic Development Conference |
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Discover how digital innovation enables organisations to lead with ESG principles at the flagship event of our 2nd ESG Horizons Campaign!
Be a part of Malaysia’s sustainability transformation! Join industry leaders, government officials, and experts as they discuss strategies and success stories that drive sustainable urban development, energy transition, and economic growth.
Connect with YB Liew Chin Tong, Deputy Minister of MITI, who will be delivering the keynote address and speakers from bp, Sunway, Arup, HANDD Business Solutions, YTL Construction, and REDtone Digital. Be among other influential figures across sectors to foster collaborations that advance Malaysia’s sustainability goals.
Date: 19 November 2024 Time: 9:00 am to 1:30 pm Venue: Conservatory, Level 3, EQ Kuala Lumpur
Target Audience: Senior leaders and business industry professionals; Top management; Sustainability managers; Health, Safety, and Environmental managers; Policymakers, and Government department
Reserve your spot today and help shape a greener, more prosperous future for Malaysia! |
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| 26 November | Scaling Up the Carbon Neutrality Efforts with BSI |
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Achieving carbon neutrality is an essential milestone for organisations committed to meaningful sustainability.
By addressing current challenges and creating innovative solutions, the path to widespread carbon neutrality becomes more attainable, despite the obstacles. |
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Join Wan Muqtadir Wan Abdul Fatah, Head of Sustainability at BSI, and be among other sustainability professionals and policymakers for an in-depth exploration of carbon neutrality and take the lead in the fight against climate change.
Date: 26 November 2024 Time: 9:00 am to 1:00 pm Venue: BSI Services Malaysia Sdn Bhd
Target Audience: Senior leaders and business industry professionals; sustainability managers; Health, safety, and environmental (HSE) managers; policymakers, and government officials |
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| 28 November | BMCC Meet-Up - Networking on Tap at W1 Bangsar |
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Take a breather from the offices and boardrooms and join us at W1 Bangsar for a relaxed get-together.
Enjoy fulfilling food, refreshing drinks, and the company of friendly faces this evening. |
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Date: 28 November 2024 Time: 6:00 pm to 9:00 pm Venue: W1 Dining & Cocktails, Bangsar
Target Audience: Principal or senior representatives of BMCC member companies |
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| 3 December | GenConnect: Building Better Together Forum by YTL Construction |
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Just us at YTL Construction’s GenConnect: Building Better Together Forum, part of YTL Group’s 70th anniversary celebration. This is a moment to reflect on their journey, legacy, and vision for building stronger connections across generations. An event proudly supported by BMCC's DEI Network, GenConnect aims to explore inter-generational collaboration and reflects YTL's commitment to Diversity, Equity, and Inclusion (DEI). YTL's strength lies in the diverse experiences and contributions of every generation. As they celebrate their 70th year in 2025, YTL reflects on corporate values that guide them—honesty and togetherness. This forum will provide a space to blend diverse experiences, engage with thought leaders, and discover how we can navigate generational differences, embrace change, and build a more inclusive future. Let’s celebrate commitments to growth and explore how we can continue to lead in an evolving world.
Event Details: Date: 3 December 2024 (Tuesday) Time: 8:30 pm - 1:30 pm Venue: Bayu Ballroom, Level 6, JW Marriott Hotel Kuala Lumpur
Bring up to three colleagues. Kindly ensure they RSVP via the form below to confirm their attendance as well. YTL has an exciting lineup of panellists and speakers from different industries, providing us with valuable insights into how different companies are managing and collaborating across multiple generations.
Register TODAY while you stay tuned for the full agenda. We look forward to having you join us for this meaningful event! |
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Looking to be involved in our events? BMCC Members interested in enhancing their brand visibility or seeking opportunities for speaking engagements and exhibition space are encouraged to reach out. Contact Siew Kee or Logan at events@bmcc.org.my to learn more about our events, explore partnership opportunities and maximise your organisation’s presence.
For more upcoming events, head over to our website! |
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| BMCC at British High Commission KL’s Remembrance Day Service on 10 November |
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On 10 November, our CEO, Jennifer Lopez, represented the Chamber at Remembrance Day, paying respects by laying a poppy wreath.
Hosted by the British High Commission in KL, the ceremony commemorated the sacrifices of armed forces members who have fallen in the line of duty, a tradition observed in Commonwealth countries since the end of the First World War.
Diplomatic and defense community members, families of service members, and the public gathered to remember.
Richard Colley, Director of Trade and Investment at the British High Commission, Kuala Lumpur, was also present. |
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| Elevate Your Presence with BMCC's Membership Directory! |
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We're calling all members to seize this opportunity to be featured in our inaugural Membership Directory - the ultimate resource for connecting with British and Malaysian organisations.
What the directory offers: - A comprehensive listing of businesses and services by sectors
- In-depth articles on industry insights and best practices
- Exclusive interviews with top executives and thought leaders
- Premium advertising space to offer prime visibility and enhanced brand recognition
- Access to 24 MILLION professionals across the British Chamber Network
For information, such as member benefits, advertising rates, and more, contact Angelyn@bmcc.org.my! |
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| Calling All DEI Champions – We Want To Feature You! |
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We want to hear all your DEI efforts and feature them as best practices in our upcoming campaign, with our network of members! Who is a DEI Champion? An individual within an organisation who actively promotes and supports diversity, equity, and inclusion (DEI) initiatives. They advocate for creating a more inclusive and open working environment, often by: - Raising awareness by educating others about the importance of DEI and helping to address biases.
- Implementing initiatives that lead or support DEI-related programmes, policies, and practices within the organisation.
- Fostering an inclusive culture that encourages behaviours and practices that promote a sense of belonging for all employees.
- Advocating for change and working to remove barriers and create opportunities for underrepresented or marginalised groups.
- Serving as role models demonstrating inclusive behaviour and influencing others to do the same.
How will we feature your story? We will feature your story on our social media through a video during our ESG Horizons campaign this November! |
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| Ballet Nights Kuala Lumpur - Supported by BMCC |
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In partnership with Ballet Nights Kuala Lumpur, we invite you to an unforgettable night of dance presented by London sensation Ballet Nights! |
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This one-of-a-kind event in the prestigious Merdeka Hall, World Trade Centre, Kuala Lumpur, will be an extraordinary fusion of live music, spoken word, and awe-inspiring choreography. Don’t miss your chance to be part of this exhilarating celebration of artistry—get your tickets now and experience the magic live!
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| DDCAP Group Announces Partnership with norbloc to Offer Digitalised Solutions for Customer Onboarding |
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Congratulations to DDCAP Group™ (DDCAP) on their strategic partnership with norbloc, following the successful implementation of Sancus, norbloc’s digital platform for customer onboarding for banks, financial entities, fintechs, asset managers, insurance firms, marketplaces and more, offering multiple integration options to digitize the onboarding process for our clients and counterparts.
This integration will utilise norbloc’s services in relation to DDCAP’s AML, KYC and wider onboarding process, embedding sanctions-related controls and adverse media checks.
norbloc’s Sancus platform has the flexibility to be configured according to the heavy demands of our ever-evolving and expanding global network of clients. Working together with Sancus’ attentive and proactive support team, DDCAP has developed tailor-made onboarding pathways that encompass ETHOS AFP™, DDCAP’s proprietary automated trade and post-trade services platform, to cover a wide range of existing and potential clients, from regulated financial institutions to fintech startups and bespoke corporate arrangements for asset and wealth managers, and is thrilled to offer this enhanced onboarding to DDCAP clients, whilst prioritising compliance and security.
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| XCL Education | Sri KDU International School Klang Campus Open Day on 16 Nov |
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Plus, take advantage of their 50% deposit waiver and up to 20% off tuition fees! Explore their programmes and discover how they can nurture your child's educational journey. |
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| XCL Education | Sri KDU International School Subang Jaya Campus Open Day on 16 Nov |
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Sri KDU International School, Subang Jaya campus would like to invite all BMCC members to their Open Day on 16 Nov 2024, from 10:00 am to 2:00 pm! |
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Experience a guided campus tour, meet parents, chat with teachers, and consult with our admissions team. Enjoy a 50% rebate on registration fees and explore their January 2025 Intake as well.
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| Grand Hyatt Kuala Lumpur | Unlock Radiant Skin with CACI Synergy at ESSA Spa |
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Discover the future of non-surgical facial treatments with CACI (Computer Aided Cosmetology Instrument), now available at ESSA Spa, Grand Hyatt Kuala Lumpur. |
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Trusted by celebrities worldwide, CACI is clinically proven to reduce wrinkle depth by up to 75% and improve skin elasticity by 88%, offering faster, longer-lasting results. Book your CACI facial treatment today and achieve the youthful glow you’ve always wanted! Exclusive Offer For a limited time, SAVE 25% when you treat yourself to a single session for only MYR 880+ (NP: MYR 1,180+) or elevate your experience with 10 treatments for just MYR 7,500+ |
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| Marlborough College Malaysia | Online Admissions Evening on 21 November |
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Marlborough College Malaysia warmly invites you to their online event where you will have the opportunity to discover more about what makes their school such a unique and exceptional place, and why we are the Tes ‘International School of the Year‘ and one of the top 10 schools in Asia Pacific in the prestigious Spear’s Schools Index. |
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The event will include an introductory presentation given by the Master, Mr Simon Burbury, and an opportunity for questions and answers with the Heads of Schools via Google Meet.
Date: 21 November 2024 Time: 5:30 pm Venue: Online
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| Melbourne Capital Group | Navigating U.K. Pensions While Abroad |
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Are you up-to-date on the latest U.K. pension changes? Join Melbourne Capital Group's exclusive webinar series, where industry experts dive into critical topics affecting your retirement plans. Gain insights on navigating tax implications, transfer strategies, and optimising your pension for the future. MCG will cover essential topics: 12 November: The Basics of U.K. Pensions 19 November: Offshore Pension Types 26 November: Securing Your Retirement Time: 5:30 pm (TH) | 6:30 pm (MY) Hosted via Zoom. Don’t miss this opportunity to strengthen your financial knowledge. |
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| Samadhi Retreats | An Epic 25 Years of The Samadhi Experience |
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For a quarter of a century, Samadhi Retreats has grown so organically, and so gently, shaping a brand that the world recognises through years of creating extraordinary and unforgettable experiences.
From eco-luxe escapes to gourmet affairs, seamlessly merged with the beauty of nature, they extend their hope that you have found your Samadhi through them in some ways or another. |
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Samadhi Retreats' business journey having sustained through highs and lows would not have been possible without the commitment of its wonderful team of Samadhians and your unremitting support all these years!
In celebration of our success & resilience, all their 7 restaurants will be gathering in full force to cook up a feast in a safari concept — all in one place. There will be over 50 wines for tasting, curated cocktails & mocktails, honey-tasting, tuak-tasting and much more!
Participating restaurants for Samadhi 25 are: - Tamarind Hill - Thai & Burmese Cuisine
- Tamarind Springs - Mekong Cuisine (Northern Thai, Cambodian & Laotian)
- THAAN Thai Yakiniku - Thai-style Japanese Charcoal grilled yakiniku
- FOOK KL - Malaysian Contemporary Cuisine
- NEW: Barraka Spanish Restaurant - Authentic Spanish Tapas
- Il Tempio by JapaMala Resort
- The Dining Room by Villa Samadhi KL
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In addition, four prominent and award-winning chefs from Thailand, Myanmar, and Cambodia are specially invited to showcase their bespoke Mekong cuisine only for this special party.
Samadhi’s Tamarind Apsara dancers will come alive, with music and dance to transport you to an enchanting realm in the mystical rainforest. Samadhi 25 is designed to be a feast for the senses; an indulgence in culture and lifestyle that is The Samadhi Experience
Massively thrilled by this grand occasion, join SAMADHI 25 JUNGLE-LUXE PARTY on 14 December 2024 in the tropical enclave of Tamarind Springs.
Tickets & Exclusive Offers Tickets at RM188 nett per person. For groups of 10 or more, enjoy 15% discount off the retail ticket price with Visa. Limited early bird tickets are priced at RM150nett to be purchased before 15 November 2024.
Don’t miss this!
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| Mint Communications | Find Information on International Schools Here |
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Discover the ultimate guide to an international school education in Malaysia on the Education Destination Malaysia website!
Get all the details you need on fees, curricula, and more. Plus, explore our School Finder and Fee Calculator to select the most suitable school for your child. Start your journey today!
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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) No 02-B, Menara IQ, Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur Copyright © BMCC 2024 |
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