Issue #253 - 24 May 2021 Dear Subscriber, |
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Penang ─ A Key Pillar of Malaysia's Trade Home to more than 350 MNCs and 4,000 SMEs and a regional manufacturing hub for several major industries, Penang is a key pillar of Malaysia's trade and a preferred destination among investors.
In 2020, Penang recorded the second highest cumulative manufacturing inflows in its history amounting to RM14.1 billion (versus RM16.9 billion in 2019), even as the COVID-19 pandemic raged on. Seventy-five percent of this amount was made up of foreign direct investment (FDI), making Penang the third highest manufacturing FDI recipient in Malaysia. Meanwhile, the state received domestic direct investment (DDI) of RM3.6 billion in 2020, a testament to Penang’s robust industrial ecosystem as a platform for local players to thrive.
Investors’ continued confidence in Penang as a sustainable investment location is a reflection of the state’s strong fundamentals and versatile ecosystem, which has the capacity and capability to support needs of the industries’ next-generation technologies, products and long-term growth strategies.
Join our distinguished speakers in an informative webinar to find out how the introduction of the Penang 2030 green and smart state vision is set to propel the island to even greater heights as an investment haven, and gain timely insight into the available business opportunities.
- Dato' Seri Lee Kah Choon, Special Investment Advisor to the Rt. Hon Chief Minister of Penang, Malaysia
- Mark Arthun, Managing Director and Site Leader, Smith & Nephew
- Shaun Lee, Penang CoE Site Leader/ Global Order, Management Director, IHS Markit
Date: Thursday, 3 June 2021 Time: 4.00pm - 5.00pm (MYT) / 9.00am - 10.00am (UKT) |
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Stricter MCO 3.0 Effective 25 May 2021 till 7 June 2021
On 22 May 2021, Senior Minister of Defence Datuk Seri Ismail Sabri Yaakob announced stricter nationwide Movement Control Order (MCO 3.0) SOPs for the period of 25 May 2021 to 7 June 2021 due to the increase in Covid-19 cases.
Employers in the private sector are to implement the Work From Home (WFH) policy with 40% of the workforce across the board to work from home. Attendance capacity at workplaces including operation and management staff is restricted to 60% only at any time. Those required to work at the office will be subject to reduced hours.
Any non-compliance to the 60% attendance rule at any one time at a work site within the MCO period will automatically result in a 7-day stop work order. No flexibility will be given or appeal entertained.
Official and unofficial functions, face-to-face seminars, workshops, conferences, and activities related to meetings, incentives, conventions and exhibitions (MICE) are also prohibited.
In a message to industry players, Dato' Lokman Hakim Ali, Secretary General of the Ministry of International Trade and Industry (MITI) said there are expectations from all quarters for businesses to play every bit of their role seriously and adhere religiously to the SOPs.
MITI Contact Details
Hotline: 03-6208 4949
(general inquiries)
(complaints on SOP non-compliance)
(CIMS technical issues)
Download Links
Talking Points for Senior Minister of Defence (BM) here.
SOPs (English translation*) here.
MITI FAQ on MCO 3.0 (BM) here.
MITI FAQ on MCO 3.0 (English translation**) here.
Related news article here.
*Unofficial translation by EuroCham Malaysia; republished with permission. The BMCC is an Associate Chamber of EuroCham Malaysia.
**Credit to AmCham Malaysia for the unofficial translation. |
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Bank Negara Malaysia Survey on Financial and Non-Financial Needs of SMEs
Bank Negara Malaysia would like to gauge the needs of SMEs in the current environment. As such, responses from members of SME Associations/Business Chambers and SMEs are requested. The survey will only take about 10-15 minutes and will be activated until Thursday, 27 May 2021.
Attention: You may fill the survey form only once. |
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BMCC Presents Members' Views on MCO 3.0 Total Lockdown to the Government
Amid calls of a total lockdown in view of the worsening pandemic situation in Malaysia, the BMCC was invited by the Ministry of International Trade and Industry (MITI) on 21 May 2021 to participate in a virtual special session between the Prime Minister and the industry, where we presented the collective views of our members and provided feedback to the government on the matter.
Prior to the special session, the BMCC had written a letter to MITI to state our opinions, in which we emphasised our support for enhanced testing, accelerated vaccine rollout and targeted restrictions instead of a full lockdown, whether state-specific or nationwide. |
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COVID-19 Vaccination – A Timely Talk to Address Your Concerns and Expectations As Malaysia experiences a worrying upsurge in COVID-19 cases, vaccine hesitancy within the population remains high. Many are still divided on what the bigger risk is – the virus, or the vaccines? Join Dr Nur Elayni Borhan of the Sunway Medical Centre in this timely webinar where she will provide answers to the questions on vaccination that are on many of our minds, so that we are better prepared to make an informed decision for our health safety and wellbeing. Date: Friday, 28 May 2021 Time: 10.30am - 11.30am (MYT)
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The Ceylon Chamber of Commerce Webinar| BREXIT: The Impact on Transport, Logistics and Supply Chain and the Way Forward
Featuring expert speakers from the UK and Europe in one forum:
- Oliver Thouard, Customs & Tax Director, GEFCO; President of Brexit Working Group, TLF
- Mark Watts, CEO UK Transport in Europe
- Steve Parker, Head of Customs UK, DHL
- Diren Hallock, past Chairman, Sri Lanka Freight Forwarders’ Association & CILT Sri Lanka, Chairman & MD DLH Logistics Group
Moderated by Gayani de Alwis, Global WiLAT Chairperson, Immediate Past Chairperson CILT Sri Lanka.
Date: Tuesday, 25 May 2021 Time: 5.30pm (MYT) / 3.00pm (Sri Lanka Time)
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British Chambers of Commerce Webinar| Anything to Declare ─ 175 Days Later ?
Now that the deadline is looming for making a full declaration for EU imports that arrived after 31 December 2020, UK businesses need to get ready to declare. This webinar will provide the answers.
• What records should you have kept? • What do traders need to do now? • How do you make sure you follow the rules? • What penalties could be imposed if you get it wrong?
We’ll also have an expert from HMRC on hand to answer your questions directly.
If you have imported from the EU since January, this webinar will help you to understand your responsibilities and if you’re on track to start making full declarations from 1 July 2020.
Date: Thursday, 3 June 2021 Time: 9.00pm - 10.00pm (MYT) / 2.00pm - 3.00pm (UKT)
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The BMCC welcomes our latest member company, Santander UK plc, to our growing affiliation of more than 200 leading businesses in Malaysia from all industrial spectrums. |
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Banco Santander is a Spanish financial services organisation headquartered in Madrid, Spain. Santander UK is a large retail and commercial bank based in the UK and a wholly-owned subsidiary of Banco Santander.
Principal Representative: Vikkrama Kumaravale (ASEAN Desk Director) |
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Standard Chartered Bank Malaysia Webinar | Showcase Bangladesh: 2021 Bangladesh-Malaysia Investment Summit
We are delighted to invite you to "Showcase Bangladesh: 2021 Bangladesh-Malaysia Investment Summit", a virtual forum that will present you with unique insights on Bangladesh, one of the fastest growing economies in the world.
Join us to hear from Abrar A. Anwar, CEO, Standard Chartered Malaysia, speaking alongside a host of senior government leaders and major investors, about high-potential investment sectors in Bangladesh, and how you can make the most of Bangladesh’s investment-friendly policy framework.
Date: Wednesday, 2 June 2021 Time: 2.00pm (MYT) / 12.00pm (Bangladesh Time)
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Marlborough College Malaysia ─ Online Admissions Afternoon Outstanding academic results, top 2% of schools globally who offer IB, international award-winning pastoral care set within a 90-acre purpose-built site. 'Asia's only authentic British Boarding School' ─ Singapore Tatler The Master invites you to our forthcoming event to understand how a Marlborough College Malaysia education would bring out the best in your child. - UK National Curriculum, IGCSE & IB Diploma
- Co-Education ages 3-18 years
- Boarding and day school
- Full co-curricular programme within the school day
- Lifelong membership of the Old Marlburian worldwide network
Date: Tuesday, 8 June 2021 Time: 2.30pm (MYT)
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St. John’s International Primary & Secondary School: Open Week (17- 29 May 2021)
Every student at St. John’s International Primary and Secondary School enjoys an outstanding education coupled with an atmosphere full of fun and passion, where they are supported and encouraged to reach their full potential.
With our Open Week, it is your chance to get a feel of our school and chat with our team. Join us and be a part of the Open Week from 17 May 2021 till 29 May 2021.
Make an appointment and register with us to enjoy exclusive rebates. Admissions are open for 2021/2022 intake!
For more information, please give us a call at +603 2022 4881, or reach us via email at openday@sjis.edu.my
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Knight Frank Malaysia | Official Launching of Pembroke House at The Plaza Collection, London NW7
A safe and secure environment, surrounded by the wide-open acres of North London’s Green Belt. The Plaza Collection has the premier location within Millbrook Park neighbourhood, being adjacent to the vibrant Millbrook Plaza and just a 1-minute walk to Mill Hill East Underground Station (providing direct access to central London in 17 minutes).
Prices from £495,000 Easy finance: 70% Loans Pay just 10% upon signing contract. Completion: April 2022
More details: |
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Milestone Healthcare | COVID-19 Test Mobile Clinic
Looking to do Covid-19 testing for your event and company staff?
Now you can, with our Mobile Clinic set up at your venue!
It is cost effective, reliable and results are out in 15 minutes! Contact us to learn more!
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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 2021 |
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