Issue #207 - 29 Jun 2020
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World Bank - Malaysia Economic Monitor, June 2020: Surviving the Storm
Malaysia's economy has been severely affected by the COVID-19 (coronavirus) pandemic. In 2020, Malaysia's economy is projected to contract by 3.1 percent. In Q1 2020, growth slowed to just 0.7 percent with efforts to flatten the curve of the pandemic through a series of movement control orders and with deep uncertainty regarding growth prospects severely constraining economic activity. A pronounced output contraction of around 10 percent in Q2 2020 is envisioned, reflecting the significant impact of the economic disruptions resulting from the MCO imposed during the quarter.
This is expected to be followed by a partial recovery in the second half of the year, as the outbreak eases and mobility restrictions are gradually lifted. This forecast assumes that the spread of pandemic is broadly contained at the global level and that the massive fiscal and monetary policy support measures implemented by governments around the world limit the depth of contraction to global economic activity.
With all these factors, the near-term outlook for Malaysia's economy is unusually uncertain at present. The COVID-19 pandemic has resulted in an unprecedented crisis that requires large-scale and unconventional policy responses by governments everywhere. With the crisis severely affecting private demand and causing supply shocks, the government is tasked with the responsibility of facilitating economic recovery in the near term.
Malaysia's economy remains resilient and rests on strong fundamentals. Its diversified economic structure, sound financial system, effective public health response and proactive macroeconomic policy support suggest that Malaysia will be able to ride out the storm better than many other countries.
In the near term, Malaysia's fiscal strategy should be re-prioritized to create additional policy space. This will require efforts to re-allocate expenditures towards priority areas, identify new sources of non-tax revenue, as well as legislative amendments to temporarily increase available fiscal space.
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In today's issue, we feature the following Government-related updates (see below)
1. Department of Immigration Malaysia - Immigration Department of Malaysia: Procedures for Malaysian citizens wishing to leave the country for continuation of studies and work
- Expatriate Services Division: Entry permission for expatriates with an active pass and approved application who are abroad
- Guidelines for the entry of expatriate / skilled & knowledge workers for key & technical posts and dependents / foreign maids
2. Ministry of Health - Prevention and Control of Infectious Diseases (Fee for Covid-19 Detection Test) Regulations 2020
- Guidelines For Entry Point Screening Of Travellers During Recovery Movement Control Order (RMCO) - (Screening Forcoronavirus Disease-2019, COVID-19)
- Flow Chart for Screening and Quarantine of Malaysian Returnees / International Travellers at Point of Entry during Recovery Movement Control Order (RMCO)
3. Ministry of Education - Guidelines for Reopening of Schools
- FAQ for Managing the Reopening of Schools
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Call for Advertisement Looking to Promote Your Products or Services in the UK?
Have a page all to yourself! We are calling for advertisers in our brand new BMCC Guide, "Malaysia: Opportunities for UK Businesses." Our annual publication is circulated across our international and regional networks in the UK and ASEA. This guide aims to promote the growing sectors in Malaysia, offering trade and investment opportunities, and this will be an ideal opportunity for your brand to reach local and foreign audiences!
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Revisit last week's webinars:
"Opportunities in Malaysia's Food & Drinks Sector" (23 June)
"How to Protect Your Spine & PL3D Treatment" (25 June) |
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Technology Crowdsourcing: Spurring Innovation for the Oil & Gas Sector in Malaysia (Webinar, 7 July)
PETRONAS, Malaysia's National Oil Company is seeking innovative solutions and collaborations for their complex business challenges through their Single Digital Technology Crowdsourcing Platform - Innovation Gateway @PETRONAS. Technology solutions that are required: - Disinfection technology for human
- Pipeline integrity online checks
- PPE waste to valuable products
- Contact less delivery of spare parts (and more)
At this webinar, the audience will have the opportunity to hear from the speaker about collaborative opportunities in targeted digital and technology enable business in the new norm.
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The Changing Face of Higher Education Post COVID-19 (This Thursday, 2 July)
The implementation of nationwide or local closure of education institutions worldwide due to the Coronavirus pandemic has impacted about 98.6% of the world's student population. This webinar will help the audience understand how Higher Education institutions and students around the globe are responding to the Coronavirus crisis. Our esteemed panel of speakers will share on how their respective institutions have been managing the move to online learning, the learning curve and what further needs and improvements are required to adapt to the new normal. Key topics of discussion include: - Impact on students' study plans
- Changes in the educational delivery and the rise of online learning
- Communication with international students and what they want to hear from universities
- Challenges faced by institutions during this crisis
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BritCham Indonesia Professional Women's Group Webinar: Consumer Behaviour in the New Normal (2 July)
To a lesser or greater extent, main cities and towns have been locked down for three months. Malls are now open again and businesses are returning their staff to offices. Indonesia has invested heavily in financial support for communities, businesses and individuals. Now, more than ever, the country needs consumers to return to their more usual spending habits. But will they? Join us for this expert panel discussion to get first-hand and latest information and understand changing consumer expectations. Learn how businesses need to adapt to fulfill these expectations in our "new normal"
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The GEMS Education Group is a large established global force in International Education offering the highly academic and rigorous British Curriculum. Today, we manage over 250 schools in 13 countries and welcome families of all different backgrounds and nationalities. At GEMS International Schools, the educational approach is anchored by the simple yet significant premise that two things are certain about all children: (i) They are capable of great things and (ii) They all have the need to succeed. No two children are alike. They have things in common but they are also different and it is these differences that can impact their learning. School is, after all, more than just content and academics. Our 5 acre purpose built and well-designed GEMS International School, Tropicana Metropark campus permeates classrooms, corridors, shared spaces to create a colourful, vibrant, inspiring environment and positive friendly atmosphere where students enjoy learning a world class British Curriculum in a truly international environment. GEMS International School, Tropicana Metropark has a diverse faculty of well qualified teachers that supports and facilitates students to be an active participant in their own learning. Education is not something that happens to them but rather something that they are a part of and have responsibility for. Our teachers from expatriate and local backgrounds have rich experience with the British Curriculum and have worked in various international school environments globally. They are trained in differentiation teaching and are trained to identify gaps. All of them work with the goal of every child moving ahead as quickly and as effectively as possible. They provide multiple means of representation to build knowledge leading to multiple options for comprehension and finally multiple means for student engagement. Our teachers take time to connect to pursue a positive engagement education journey with all the children. No child is left behind.
Principal Representative: Anthony Partington (Principal) |
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Learndirect is the UK’s leading provider of online qualifications and training courses that can improve workplace productivity and contribute to greater social mobility and prosperity.
A force for positive change learndirect uses technology to future-proof education and training with both full and blended online learning solutions that transform people’s lives and help businesses develop their staff. - learndirect has changed the lives of around 4.5 million people, helping them get the skills they need for work and to progress in their education and careers
- learndirect has helped more than 75,000 businesses equip their employees with the skills needed to improve productivity
Principal Representative: Rob Kindness (International Development Director - South East Asia, learndirect) |
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Alvawater: NEW SERIES water dispensers for Small Offices and Households
Enjoy glass after glass of pure water from our water dispensers equipped with high performance filtration, purification and protection. Featuring HEALTHYWater with the latest UV Purification and Constant Surface auto-decontamination for SAFE equipment use, you are guaranteed your loved ones at home are receiving the best water they deserve!
BMCC members can request for a FREE 1 month trial!
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COVID-19 Global Survey: The Road To Recovery?
In this report, ACCA has drawn upon over 4500 responses from ACCA members and other stakeholders across the world to understand the business recovery strategies that they are adopting, and their thoughts on the longer term impact of the pandemic. While leading indicators suggest the global economy is entering a deep recession, it remains impossible to understand the true long term consequences. This report aims to share a narrative on how the crisis is evolving, some of the strategies being adopted, and suggests a roadmap for recovery.
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Latest Update: Entry Permission for Expatriates Pursuant to Malaysia' Government's Announcement on 19 June 2020
Following Covid-19 outbreak globally, Malaysia has closed its borders for foreigners under the Movement Control Order since 18 March 2020. The exceptions were for returning Malaysian, Diplomat, foreign spouse married to Malaysian, Permanent Resident and those who have obtained special approval/additional permission from the Director General of Malaysia Immigration Department.
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ICAEW: More Than a Number
What’s in a number? How are numbers used to frame conversations? And why is this insight vital for business leaders? Brought to you by ICAEW, the More Than A Number podcasts discuss today’s major issues by providing an understanding about the relevance – and power – of the number, with leading experts and thought leaders providing insight.
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Direct English: Conversational English
Practise your English with our English conversational specialist. Feel the difference in your confidence level immediately!
For more info on Direct English International Language Centre and/or other courses, please call +603 20224128 / 4138, WhatsApp +6017-7740117 (click here https://wa.me/60177740117) or email info@directenglish.edu.my |
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Lauren signs for Aston Villa Football Academy
It's been a baptism of fire for Alice Smith School Year 11 student, Lauren Purchase as she enters the world of top tier football; having successfully trialed for well-respected Birmingham City Football Club; Lauren made a last-minute pre-season decision to sign for Championship winners and newly promoted to the Women's Super League (WSL), Aston Villa and will now be taking up a much sought after Academy position later this year.
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Knight Frank Malaysia & Berkeley Group St George bring the magic of Filmworks, West London to the Malaysia market
Knight Frank Malaysia and Berkeley Group St George announce the introduction of Filmworks, in Ealing, the highly anticipated mixed-use development, which includes art deco inspired new homes, and a spectacular new Picturehouse cinema. Maintaining a glamorous and uniquely art deco feel, Filmworks is an exciting new residential and leisure-led destination in the heart of Ealing town centre that will transform an area steeped in history into a thrilling new lifestyle quarter, complementing the neighbouring Dickens Yard development also by St George.
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Key Risk Consulting Asia: Anti-Corruption Enforcement in Malaysia
Key Risk Consulting Asia, as a leading provider of comprehensive anti-bribery management solutions and implementation of MS IS0 37001:2016 ABMS Standard, is uniquely positioned to help companies operating in Malaysia to meet the requirements of the newly introduced Section 17A of the Malaysian Anti-Corruption Act.
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| 1. Department of Immigration Malaysia |
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Immigration Department of Malaysia: Procedures for Malaysian citizens wishing to leave the country for continuation of studies and work
With reference to the Cabinet decision on 17 June 2020, students who wish to leave the country for the purposes of continuing their studies are allowed without obtaining prior permission from the Malaysian Department of Immigration. This includes students who have entered Malaysia during the Movement Control Order (MCO) period.
Malaysian citizens who entered Malaysia during the MCO period and wish to leave the country for work or reside overseas are allowed with the condition that they produce documentation such as a Resident Pass / Long-Term Pass / Work Permit or other related documents to the Immigration officer at the border.
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Expatriate Services Division: Entry permission for expatriates with an active pass and approved application who are abroad
This is in conjunction with the recent announcement made by the Government of Malaysia for expatriates to enter Malaysia without the need to apply for permission as outlined in the Guidelines during the Movement Control Order (MCO) period.
Self-quarantine for FOURTEEN (14) days (EXCEPT for EP I and RP-T from Green Zone countries, i.e. Australia, Brunei, New Zealand and Singapore)
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Guidelines for the entry of expatriate / skilled & knowledge workers for key & technical posts and dependents / foreign maids
The Immigration Department of Malaysia has issued new guidelines for Expatriate / Skilled Worker / Knowledge Worker Entering Malaysia for Key Posts and Technical Posts, and for Dependants and Foreign Maids during the Recovery Movement Control Order (RMCO) period. The guidelines are applicable for the following:
- Expatriate / skilled worker / knowledge worker with an active pass, who is currently abroad.
- New expatriate / skilled worker / knowledge worker who is currently abroad.
- Dependants, including foreign maids to the expatriate / skilled worker / knowledge worker who is currently abroad.
To obtain a Supporting Letter, please refer here for a list of Approving Agencies and Regulatory Bodies.
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Prevention and Control of Infectious Diseases (Fee for Covid-19 Detection Test) Regulations 2020
Malaysians returning from overseas will have to pay a range of RM30 to RM150 to be tested for Covid-19 upon entering the country from today onwards, while non-citizens will pay higher fees depending on the type of tests conducted, new rules issued by the government said.
The new regulations published on June 26 and taking effect from today is known as the Prevention and Control of Infectious Diseases (Fee for Coronavirus Disease 2019 (Covid-19) Detection Test) Regulations 2020.
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Guidelines For Entry Point Screening Of Travellers During Recovery Movement Control Order (RMCO) - (Screening Forcoronavirus Disease-2019, COVID-19)
These guidelines cover the following:
A. Advice to travellers prior to departure B. Screening on-board of aircraft passengers and cabin crews from affected countries for suspected coronavirus disease 2019 C. Screening procedure at international points of entry for Malaysian passengers and airline crews D. Screening of passenger / cruise ships / conventional ships from affected or suspected countries E. Procedure for sign-off and sign-on seafarer (including offshores oil and gas workers) etc.
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Flow Chart for Screening and Quarantine of Malaysian Returnees / International Travellers at Point of Entry during Recovery Movement Control Order (RMCO)
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Guidelines for Reopening of Schools
Malaysia has begun reopening schools from June 24, its education minister said on Wednesday, as the country enters recovery mode after three months of strict curbs on movement and businesses to contain the spread of the novel coronavirus.
Schools will be reopened in stages, beginning with students facing public examinations and equivalent international school examinations this year
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FAQ for Managing the Reopening of Schools
These FAQs by the Ministry of Education cover the following:
• Preparations of students before returning to schools • Transport of students to and from schools • Arrival at entrance of schools • Canteen operations • Operations of teacher's room, suraus and toilets and more...
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Air For Life’s (AFL) products are now available in Malaysia! Offering a range of air sterilisation and air sanitisation appliance based products, these leading edge home environment products includes the AFL Car Sanifier, Mask, Mini, Luna Wall Mount and the AFL Induct Sanifier which uses Revolutionary Dual Technology to destroy up to 99.9% of viruses ,bacteria and other impurities!
These products applies NASA Developed Technology but was further enhanced by the team of scientist from Air For Life and it is call AFLPCO technology. At Air For Life, our focus is to provide powerful, safe and innovative technologies, with an overarching goal to help facilitate a healthier and safer environment for consumers worldwide.
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