Dear Subscriber,
Prime Minister Muhyiddin Yassin had announced on May 1 that the Government will implement a Conditional Movement Control Order (CMCO) beginning May 4 to ease the partial lockdown and to allow almost all businesses to operate (except the sectors that are listed as prohibited activities by the National Security Council). All operations are subjected to strict SOPs issued by the Government. View all SOPs here
IMPORTANT: For any confusion that all companies resuming operations MUST register with MITI on CIMS 3.0 by 12th May, please read the following:
This is a voluntary declaration by companies that are allowed to operate under CMCO (not in the list of prohibited activities issued by the National Security Council) that they will commit and adhere to the SOPs by authorities.
Companies that have previously applied to MITI to operate via CIMS 2.0, regardless of application results do not need to make this declaration.
Once registered, the CIMS 3.0 system will issue an endorsement letter with a QR code which can be displayed at the business premises. This initiative is aimed to support companies in gaining confidence among their customers and clients that they are complying to the strict SOPs. Example: Services like Elderly Home, Nursery, Kindergarten – are NOT essential/critical but can now operate under CMCO starting 4 May. Hence if they have this letter & QR code, their customers may be more confident to send their kids or elderly.
In summary: - It is a voluntary declaration, NOT a registration or application to MITI to operate.
- Who can apply? Companies which are NOT in the list of prohibited activities can voluntarily apply via CIMS 3.0 by 12 May 2020. See 3 Steps below.
- Companies under essential/critical/approved list who have previously made applications via CIMS2.0 need not apply again.
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CLOSING SOON! 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. |
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2nd BMCC Energy Committee Meeting 2020 Held Online
On 8 April 2020, the BMCC Energy Committee held its second committee meeting of 2020, this time however utilising the online conveniences of Microsoft Teams. The last committee meeting was held back in February 2020.
Chaired by Mohamad Hanif Hashim, who is also the General Manager of Petrofac Malaysia, the committee meeting was attended by fellow members from the Energy, Oil & Gas sector. The main agenda of discussion was the challenges faced during the MCO and action plans taken collectively as a group to address some of the issues faced. The BMCC Energy Committee keeps a positive outlook and have already made plans for upcoming initiatives for the remainder of 2020. The meeting also covered a debrief on the BMCC Energy Outlook 2020 event which was held in February, the last physical event organised by the BMCC before the MCO initiation.
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Mental Health: Adapting in Challenging Times (Webinar, 6 May)
In collaboration with the Malaysian Mental Health Association (MMHA) and Riverside Consulting (CIC) UK, the BMCC is organising a mental health webinar to provide an opportunity for attendees to better understand current and existing mental health challenges and to gain knowledge and techniques to start addressing 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)
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BMCC - Deloitte: Crisis Management and Business Continuity in Times of Uncertainty (Webinar, 14 May)
The spread of COVID-19 has affected almost all businesses, large or small. With many countries on lockdown, companies are forced to critically evaluate the impact and mitigate the risks on its operations, people and governance. In this upcoming webinar, experts from Deloitte Malaysia will be sharing insights into crisis management and practical measures for companies to navigate through the COVID-19 pandemic, with a focus on:
• Business Continuity Management (BCM) • Crisis Management & Practical Response • Organisational Capabilities & Resilient Leadership
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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 |
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| National Security Council: SOPs, FAQs and Hotlines |
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Berkeley Group St George & Knight Frank Malaysia launch landmark London development Grand Union
Berkeley Group St George has launched its new development Grand Union, a landmark new waterside development that will see the regeneration of a 22-acre site into a vibrant new neighbourhood for North West London, delivering much needed homes and jobs in the London Borough of Brent.
Grand Union will provide a range of local amenities for the area including a nursery, a commercial gym, a new local bar and restaurant, a health centre and a local convenience store for the benefit of the whole neighbourhood. The 5,000 sq ft community centre will encompass a community garden and kitchens and provide workshops and flexible event spaces for existing and new residents.
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MDEC - e-Dagang Expo (EDX) (4-8 May)
Recognising the imperative need for SMEs to embrace digital transformation and better mitigate the immediate impact of Covid-19, the Malaysian Digital Economy Corporation (MDEC) is hosting its first e-Dagang Expo (eDX).
The five-day long virtual event looks to engage 500,000 micro-sellers, local businesses, and exporters on the benefits of eCommerce and will consists of free webinar and panellists sessions covering tips and tricks in eCommerce and inspirational success stories.
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Loosening of Covid-19 MCO Restrictions and re-Opening of the Economy
The Malaysian Government has on the 1st May 2020, announced that most economic sectors and business activities will be allowed to operate from 4th May 2020 based on normal operating capacity and operating hours but subject to certain conditions and Standard Operating Procedures (SOPs). Schools, colleges and institutes of higher education will however remain closed
The SOPs comprise a general SOP for re-opening the economy and various other SOPs applicable to sector-specific companies and businesses issued by the relevant government ministries having jurisdiction over such sectors.
For a full list of the SOPs issued by the National Security Council, click here |
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ACCA insights report from Covid-19 Global Survey: Inside business impacts and responses
ACCA has published an insights report discussing the impact of COVID-19 so far on organisations and the global business community. The survey supporting this report was issued on 13 March 2020 and gathered responses from over 10,000 members and other stakeholders across the world from over 100 countries. Organisations of all sizes, sector or country of operation are being hit across the value chain by the COVID-19 pandemic. which has led a significant number of respondents to see a fall in customer demand, major supply chain disruptions, deferred launches of new products and services, and capital investment plans being put on hold.
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Millions lost in APAC carve-out deals as sponsors explore new investment opportunities
The number of carve-out acquisitions is expected to rise as businesses in Asia-Pacific (APAC) look to restructure because of the COVID-19 turmoil. Those that do should approach with a note of caution after research revealed around a fifth of carve-outs result in millions of dollars wasted because of inefficiencies.
While the deal economics of carve-outs can be very attractive, an independent survey, commissioned by TMF Group, found that 34% of senior executives from private equity firms with buy-side experience and 27% from corporations said their most recent cross-border carve-out failed to deliver on expectations, with 24% and 19%, respectively, saying costly overruns significantly impacted the deal. Continue reading |
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Resumption of Malaysia Immigration Department's Services - All foreigners who have overstayed from 1st January 2020 till 14 days after the end of MCO, can leave Malaysia without being blacklisted or issued compound.
- All pass facilitation for foreigners whose Pass has expired from 1st February 2020 can apply for the Special Pass (to legalise the overstay) at any immigration office within 30 working days from the end of the MCO period.
- All appointments for immigration counter services (except Visa, Pass, Permit Division and Expatriate Division) have to be done through the online system at www.sto.imi.gov.my which can be accessed starting 8th May 2020 (Friday). No appointments are needed for transactions at the Security and Passport Division.
- All immigration counter services at UTCs nationwide will resume operations after the end of MCO period.
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Comparing 6 Measures Between United Kingdom, Malaysia
• VAT and Indirect Tax Measures • Corporate Income Tax Measures • Other Taxes • Custom Measures • Tax Audits and Controversies • Other Measures
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Pushing Back on the CMCO
A majority of States have resisted the reopening of the economy on 4 May but do they have the authority to stop businesses if they are permitted by the CMCO?
On 1 May 2020, the Prime Minister announced that all business sectors would be allowed to resume operations if they did not fall within a list of prohibited activities, starting 4 May 2020. These pronouncements have come to be referred to as the Conditional Movement Control Orders (CMCO). Although the announcement was initially well received, concerns that a premature reopening of the economy to such an extent could result is a new spike in the rate of infections, continued to circulate. Consequently, a majority of states came out with their own announcements stating that they would not implement the CMCO for now. Continue reading
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COVID-19 Swab Test: Exclusive Packages for BMCC Members
Brought to you by BP, BMCC members can access Special Group Rates for Home or Workplace COVID-19 Swab Tests or Drive Thru (available at selected locations). Further discounts on larger groups, please request for quotations.
For enquiries and quotations, please contact Selina Yeop Junior at +6019 351 3508
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Sunway Medical Centre: Free COVID-19 Test for Patients
At Sunway Medical Centre, the safety of our patients remains our utmost priority. We are now providing FREE COVID-19 test worth RM360 for patients who have confirmed surgeries and procedures. Terms & conditions apply.
Call us today to find out more! Together, we can #FlattenTheCurve
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Combat COVID-19: Ask SunMed Doctors
Presenting our Ask SunMed Doctors – COVID-19 video series, where our experts will share their insights relating to COVID-19 pandemic. Series #1 is Dr. Anand Sachithanandan, Consultant Cardiothoracic Surgeon debunking the myth on smokers and COVID-19. Watch here
To find out more about our Quit Smoking programme, please call +603-74911358 or click here |
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Gain the ICAEW BFP qualification online with Kaplan (14 May)
The ICAEW BFP qualification is suitable for non-accounting professionals, executives, managers, start-ups and business owners who are looking to build their fundamental knowledge in business and finance. Join Tanya Worsley, Head of International Markets at Kaplan in this online session to learn how you can be qualified as an ICAEW Business and Finance Professional (BFP) with Kaplan. Studies can be completed fully online, thus offering flexibility for working professionals. Jennifer Wan, Business Development Manager at ICAEW will also be invited to speak on how the BFP qualification equips you with the fundamental knowledge in business and finance, as well as making you a member of an internationally recognised professional membership body.
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Tenby Schools Setia Eco Park: ZERO Payment A Levels Starter Programme!
Tenby Schools, Setia Eco Park are offering lessons with NO CHARGES from May to July 2020. Our seats are running out fast, so please make sure to reserve yours quickly! What can you expect?
• Free A Level lessons • Expert Teachers • 100% University application success • Outstanding achievement • Become Successful leaders and Global Community changers. Sign up here or speak to our experts at +6017 872 1207 or katherine.lloyd@tenby.edu.my |
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St. John’s International Primary & Secondary School- 2020 Virtual Open Week (5-9 May) Discover endless opportunities for a brighter future right at your fingertips from home. All are welcome to be a part of St. John’s International Secondary School Virtual Open Week from 5th to 9th May 2020, where you will be able to *Join our FB LIVE sessions @sjis.official and have a 1-to -1 virtual consultation with our dedicated Marketing team on 9th May 2020 at 9am to 8pm. Register with us and enjoy exclusive discount for all levels.
For more information please call at 012-303 1071 (Secondary) or alternatively may reach us via email at openday@sjis.edu.my We'd be delighted to host you! |
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Sri KDU Schools Digital Open Week (12-19 May) Although it is not possible to physically visit our school now, you may still do so virtually from home! We are delighted to present you the Sri KDU Schools Digital Open Week from 12th - 19th May 2020; 10 am to 3 pm daily!
LIVE School Previews and VIRTUAL School Tours are available. Chat with our admissions team via live chats.
To RSVP and enjoy special discounts* throughout the whole week, CLICK HERE!
*Terms & Conditions Apply |
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Grand Hyatt: Takeaway & Delivery Service
Grand Hyatt Kuala Lumpur is offering food takeaway and delivery service now where customers can savour authentic Malaysian flavours at their convenience.
As an introductory offer, customers can enjoy 10% off their first order on our online shop. Apply "WELCOME10" promo code upon check-out. This promo code is only valid for first time order only and no minimum spend is required. Discount is not applicable on delivery charges.
• Or call +60 11 2837 0215 to place your order |
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Authentic family recipes during Ramadhan!
Kuala Lumpur Convention Centre (the Centre) is celebrating the month of Ramadan with fellow Malaysians in a very different way this year, by sharing the recipes of some of its signature dishes from its ‘Memoirs of Ramadan’ buka puasa offering on its website and social media channels. The Centre’s intention is to bring back the joy and thrill of breaking fast through traditional home-made delicacies.
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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 2020 |
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