Dear Subscriber,
The Ministry of Finance is working with various parties to seek views on socio-economic issues and proposed solutions for input into formulating the 2021 National Budget. In regard, the BMCC has been invited to submit a Memorandum for input into the preparation of the 2021 Budget which is expected to be tabled in Parliament in early October 2020.
Hence we are now gathering issues and recommendations from our business community for inclusion in the Memorandum. We look forward to hearing your feedback in the questionnaire above, or click here to access.
Today's newsletter will cover the following government regulations update:
1. Ministry of Higher Education: FAQ on Movement of Returning Students 2. Royal Polis Malaysia: Travel permit applications with "Gerak Malaysia" app
|
|
A Dialogue with H.E. Charles Hay. MVO
Last week, the BMCC organised an online dialogue between several UK member companies and H.E. Charles Hay, British High Commissioner to Malaysia. In the session, Charles shared the High Commission's efforts during COVID-19 as well as the Department for International Trade's role in supporting UK businesses in Malaysia. These include assistance through consular support services, the procurement of Personal Protection Equipment (PPE) and reporting on regulatory environments. BMCC Chairman Andrew Sill who hosted the dialogue took the opportunity to share on the Chamber’s efforts since the implementation of the MCO. Andrew shared how the Chamber staff, all working full time from home have been keeping busy on advocacy and engagement efforts with the Government and its relevant agencies, conducting surveys on the impact of COVID-19 to businesses to understand members needs, keeping our members updated regularly on the Government’s new policies and updates under MCO as well as organising a series of webinars on the Impact of COVID-19.
Our members, representing various sectors shared too on how their industries are coping with the impacts felt by the pandemic, and particular challenges faced. The Education sector for instance feels student enrolment and recruitment to be the biggest challenge due to uncertainties over the physical reopening of schools. Lecturer work permits, examinations and online studying remain underlying concerns. In retail, our members feel the biggest challenges pertain to rental, in particular negotiating landlords and mall tenants. The level of subsidies is also concerning whilst a continuance of staff pay will be upheld despite 2 months of non-operation. The sectors of healthcare and energy, oil & gas view waste management as their biggest challenge. Several other challenges were highlighted from other sectors including cash flow issues, IT dependency and reliability through handling large files, the challenges of keeping thousands of employees gainfully employed and working from home, as well as an in-balance in operations with non-approvals by the Government to operate during the MCO. |
|
Past Webinars: Catch Up
• BMCC - Ipsos Malaysia (14 Apr)
• BMCC - International SOS (15 Apr)
• BMCC - Knight Frank Malaysia (16 Apr)
• BMCC - World Bank (21 Apr)
• BMCC - Herbert Smith Freehills (27 Apr) |
|
Survey On The Impact of COVID-19 To Businesses: A Summary On The Responses
The BMCC would like to bring your attention to the feedback that we have gathered from our business network through a survey conducted on the impact of COVID-19 and the Movement Control Order (MCO) to businesses. Conducted between 30 March to 10 April 2020, this survey provides us an updated picture now that businesses have had time to better understand the impact of the outbreak on their operations.
|
|
Mental Health: Adapting in Challenging Times (Webinar, 6 May)
This Webinar aims to provide an opportunity for attendees to understand better current and existing mental health challenges and to gain knowledge and techniques to start to address these. A panel of mental health experts from Malaysia and the UK will answer audience questions on a potential range of topics such as managing Loneliness, Depression, Stress, Bereavement, Anxiety and Trauma and how best to support children at home with neurodevelopmental conditions (e.g. ADHD, ASD etc.)
|
|
|
Malaysian Danish Business Council: As Malaysia relaxes MCO, what are the political stakes as Parliament resumes? (Webinar, 7 May)
Complimentary Pass for BMCC Members! *Limited to 1 pass per member company on first-come first-serve basis
Email to events@bmcc.org.my to register your interest |
|
|
| Ministry of Higher Education: FAQ on Movement of Returning Students |
| This FAQ released by the Ministry of Higher Education covers the movement of students returning from public or private universities, polytechnics, and community colleges. These include:
A. Procedure on returning / movement of students B. Welfare of students C. Continuation of studies
|
|
|
|
| Royal Polis Malaysia: Travel permit applications with "Gerak Malaysia" app |
| The Gerak Malaysia app is only for those who are stranded in their hometowns since the enforcement of the MCO, and would like to return.
The period for permitted interstate travel is between May 1 and 3 and all motorists must plan their trips accordingly.
This app will help mitigate the public from leaving their homes to make applications at police stations. For successful applications, a unique QR code will be generated and scanned at police road blocks. This app will also help the police estimate the number of vehicles that will be on the road and provide for a smoother journey.
|
|
|
|
The cyber threat landscape in the midst of Covid-19 (Webinar, 29 Apr)
In March this year, the Threat Intelligence team at BAE Systems reported on the activities of several cyber threat actors exploiting the topic of COVID-19 to their advantage. But how has the wider threat landscape changed in the midst of this crisis?
Join this webinar for a discussion on: • The latest Covid-19 attacks observed • The threats to home working • What the post-pandemic security landscape may look like
Our experts will provide insights from working across Financial Services and National Security, with recommended actions for network defenders in Banking and Insurance.
|
|
|
ICAEW: Climate change and the role of business and accountants (Webinar, 29 Apr) Are you professionally ready to mitigate the risk and maximise the opportunity of climate change? What can we learn from how we responded to the coronavirus outbreak? Climate change is an issue that is defining our time. If 2019 was the year for climate activism, 2020 will be the year for climate action. Join ICAEW in our thought-leadership webinar and hear from panellists from Deloitte, Carbon Trust and Olam on their views.
|
|
|
Cross-border personnel presence during the COVID-19 pandemic – tax and immigration issues (Webinar, 30 Apr) The COVID-19 pandemic has brought about significant disruption and uncertainty to businesses and economies globally. In these trying times, businesses will inevitably focus on immediate concerns. However, there is also the need for more strategic, purposeful and longer-term responses. Join us at our webinar on Thursday, 30 April at 10:30 am where we will explore strategies and practical steps that you should consider from the corporate tax, personal tax and immigration perspectives to maintain continuity and manage risks.
RSVP by 29 April, 12pm to joey.law@my.ey.com |
|
|
University of Nottingham Malaysia: Inclusion in the Workplace Series (Webinar, 17 June)
During these challenging times due to Covid-19, companies need to be further equipped to meet the needs of a diverse workforce. The rise in mental health difficulties has a significant impact on the productivity and profitability of organizations. We bring to you this Webinar series to address these issues. Individuals from companies, NGOs and government sectors are welcome to attend the sessions.
shiwei.chu@nottingham.edu.my |
|
|
Home based workforce turns to telehealth: International SOS expands TeleConsultation to 17 Countries and Territories Worldwide
As the COVID-19 situation evolves, telehealth is being rapidly adopted by organisations around the world to provide healthcare for employees both domestically and those still overseas. In March, International SOS experienced an almost four-fold increase in TeleConsultation case volumes. The organisation has also introduced TeleConsultation in the Philippines, to now be available in 17 countries and territories worldwide. The service provides fast access to a local doctor via video, without the need to physically visit a local clinic or hospital, therefore avoiding the potential exposure to COVID-19 or putting additional strain on healthcare systems. View more |
|
|
British Standards Institution: Your Virtual Classroom in May
BSI online training is a real-time, online way of training that delivers our world class learning programmes to you through an engaging and interactive experience, regardless of your location.
We offers wide range of virtual courses from Business continuity, Information security and Risk management.
|
|
|
Kaplan: Get 20% off your next course
You don't have to take a break from your studies. We're bringing the classroom straight to you. With movement restricted it 's the perfect time to join a virtual class. Keep on track with your study plan with Live Online. You'll still have access to your tutor and classmates. And if you miss a class, you can watch the recording.
To help you get started, we're giving you 20% off your Live Online courses. Just use discount code LIVE20 at check-out. Offer must end 15th of May, so enrol now before it's too late.
|
|
|
Knight Frank: Malaysia Commercial Real Estate Investment Sentiment Survey 2020
The findings supplement the published Malaysia Commercial Sentiment Survey with a close-up of the Key Players sentiments in market performance, sub-sector investment activity and factors impacting the market.
|
|
|
More breathing time – and space – for Malaysian companies in difficult times
The Malaysian Government has on the 22nd April 2020, gazetted the Companies (Exemption) Order 2020, which came into effect on 23rd April 2020 and remains in effect until 31st December 2020. The Order extends the time period under s.466(a) of the Malaysian Companies Act 2016 from 21 days to 6 months, by giving companies an additional 5 months to pay creditors upon a demand, before such companies can be deemed unable to pay its debts ie. insolvent under the deeming provision of the Act. Companies should note however that the Order has no impact on enforcement actions.
For more information, please contact: vincent@abdullahchan.my | Shelina@abdullahchan.my |
|
|
Corporate Debt Moratorium of 6 Months During COVID-19
The Exemption Order gazetted on 23 April, 2020 now prescribes that the minimum indebtedness under the Act is increased from RM10,000 to RM50,000, raising the threshold by 500% for the Prescribed Duration (a change considered long overdue in any case, as it was out of step with other insolvency laws). The Exemption Order also exempts compliance with the 21 days demand period, permitting compliance within 6 months from the demand instead.
|
|
|
CMI: The Better Managers Manual
In this extraordinarily difficult time, the value of great management and leadership is being demonstrated every day – whether it’s senior leaders in government or managers on the frontline of healthcare and retail.
To support these managers and leaders as they navigate the crisis – both for themselves and for those they manage – the Chartered Management Institute (CMI) has assembled a set of tried-and-tested tools and resources.
|
|
|
Sunway Medical Centre offers teleconsultation services for patients
Over 70 doctors and healthcare professionals across over 40 specialties are live on a teleconsultation platform for the benefit of Sunway Medical Centre patients. Teleconsultation is offered mainly to follow-up patients and those who seek a second opinion. According to Sunway Medical Centre chief executive officer Choy Wah Wei, this is because there is no need for the patients to fill up their medical history prior to consultation as the hospital would already have their record. The teleconsultations are conducted via video calls.
|
|
|
Sunway Medical Centre: Tele-Consultation, Anywhere. Zero Queue
For all local patients. Free registration and medication delivery until 30th April 2020. Consult our specialists, clinical psychologists, speech therapists and audiologists without leaving home through our virtual clinics:
- For follow-up appointments only
- Medication delivery services available**
|
|
|
Malaysia Airlines: For your personal protection and comfort
In mitigating the spread of COVID-19, Malaysia Airlines requires all passengers to bring and wear their own protective masks at the following touchpoints effective 23 April 2020: • Check-in • Boarding • In the aircraft cabin • Disembarkation • Collection of baggage on arrival
|
|
|
From the Kitchen at Four Seasons to Your Doorstep
Savour award-winning and all-time favourite dishes from Four Seasons in the comfort and privacy of your own home today!
We would love to do it for you with Four Seasons culinary team. Special quote of FSCCM15 will give you 15% off the order, except delivery charges.
Stay safe, stay home and enjoy the special moments with your families.
|
|
|
Never has our generation met with a greater need to come together than now. The COVID-19 pandemic has torn through our fabric of civilisation, wreaking upon us a global crisis both tragic and devastating. However, here we are presented with this rare opportunity to unite in arms against a singular adversary, and you can play a role! In supporting the Ministry of Health and our CSR partner, The Lost Food Project, the BMCC is calling on individuals and companies alike to contribute. All contributions great or small makes a difference!
|
|
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 2020 |
|
|
