Dear Subscriber,

The global race for computing driven by the AI boom is increasing demand for land, energy, and water resources to power next-generation AI data centres. Malaysia, with its abundance of resources and safe geographical location, is well-placed to attract investors seeking diversification.

Gobind highlighted Malaysia's right policy mix and strong execution over the years, which have positioned the country as a global leader in the digital infrastructure space. Malaysia boasts an award-winning 5G network, managed by Digital Nasional Bhd (DNB), an agency under the Ministry of Digital. The country’s 5G coverage has reached over 80% of populated areas, with 11.9 million 5G service subscriptions, representing a 35.4% adoption rate in under three years.

Malaysia is actively involved in shaping digital economy cooperation at the ASEAN level through the highly anticipated Digital Economy Framework Agreement (DEFA). DEFA is projected to unlock up to US$2 trillion in value for the ASEAN digital economy by 2030 through harmonised trade rules, interoperability standards, and enhanced collaboration among member nations.

In addition to the new Cyber Security Bill 2024, the Department of Personal Data Protection is in the final stages of drafting amendments to the Personal Data Protection Act 2010 [Act 709]. Concurrently, the National Digital Department (JDN) is drafting a national data-sharing bill. These efforts are integral to fostering a holistic regulatory environment that meets the needs of citizens, businesses, and investors in the digital sphere.

To fully realise the potential of the digital economy, the Ministry of Digital emphasises the need for investments in digital infrastructure and a robust regulatory framework to be matched by a strong supply of digitally savvy, future-proof talent. The Ministry is committed to leveraging emerging technologies while mitigating potential risks through a targeted policy and regulatory approach centered on digital infrastructure, regulation, and talent development. This approach aims to propel Malaysia as a digital leader in ASEAN and beyond.

Through these strategic initiatives, Malaysia is poised to lead the digital transformation in the region. The BMCC is prepared to support our members in their endeavours to capitalise on the stage that this sets to cultivate the digital economies of both the UK and Malaysia

Date: Thursday, 13 June 2024

Time: 6.00 pm - 9.00 pm

Location: The Light Box, 50 Electric Boulevard, Battersea Power Station

CLICK HERE to secure your spot now!

As a burgeoning technological hub, Malaysia recognises the potential of partnering with the UK, and is ready to foster a robust bilateral collaboration in digital technology.

Malaysian technology companies attending London Tech Week are keen meet and network with British companies for collaboration and partnership.

Join us as we embark on this exciting journey to ignite innovation, spark creativity, and cultivate impactful UK-Malaysian partnerships. Network with visionary minds, unlock new possibilities, and foster bilateral collaborations across AI, Fintech, Cybersecurity, and Telco tech sectors.

 Date: Thursday, 13 June 2024

Time: 2.30 pm – 5.00 pm

Location: Pestana Chelsea Bridge, 354 Queenstown Road, London, SW11 8AE, UK

Hurry and CLICK HERE to register for the event!

In 2020, OCS expanded its presence in Malaysia by acquiring ISS Malaysia, which was rebranded as One Complete Solution Sdn Bhd (OCS). Both PWB and OCS are now 100% owned by the OCS Group in the UK.

OCS is a global facilities service business with over 8,000 customers and 120,000 colleagues across the UK, Europe, Asia-Pacific, and the Middle East. The company offers a wide range of services, including cleaning, catering, pest control, security, hard services, and facilities management for both private and public sectors.

With a mission to make people and places the best they can be, OCS is committed to becoming the world’s leading facilities services business.

The BMCC is also proud to congratulate OCS for earning the title as 2nd Runner-Up for the UK-Malaysian Business of the Year award at out 5th Business Excellence Awards last month.

Read the full interview with Roisin and learn more about OCS here. 

Calling All Members!

Mark your calendars for the BMCC AGM 2024 and help to chart the Chamber's future.

Date: 28 June 2024

Time:

AGM: 3 pm to 5 pm

Networking: 5 pm to 6.30 pm

Venue: BMCC Office

Register now here!

The BMCC and our Talent Network call for industry input! In collaboration with Bina Bakat and the Malaysian Government, through the Malaysia Productivity Corporation (MPC), the BMCC is collecting industry input via the Malaysian Industry Talent Survey to understand its members' talent issues and requirements. 

The objective is to identify our members' talent issues, gaps, requirements, and key areas of intervention and assistance required. 

The industry input received will serve as policy input for the Government to advocate for business-friendly policies in terms of talent development and retention. 

The survey will be available till 13 May to 3 June. 

Click here or scan the QR code to do the survey.

Leading companies with expertise in sustainability in the construction and property industry are coming together to share best practices and valuable insights in Green Building management, compliance, design, and incentives.

For our fifth edition of the BMCC Excellence Showcase Series, our esteemed members, PwC, Knight Frank, and HL Design Group, will help you navigate investment incentives and grants from the Malaysian government, obtaining and maintaining green building certifications and standards, and incorporating ESG principles.

Date: 25 June 2024

Time: 2 pm to 4.30 pm

Venue: Knight Frank Malaysia, Level 10, Menara Southpoint, Mid Valley City, Medan Syed Putra Selatan 59200 Kuala Lumpur

Join us at this Showcase and discover how your business can achieve sustainability goals.

Register your interest here! For more information, contact Yoong@bmcc.org.my

The agenda of meeting included an engaging session with YB Tuan Wong Chen, the Chairperson of the International Relations and Trade Select Committee, Parliament for Malaysia. On behalf the CEOs and Eds of the International Chambers attending the meeting, we thank YB for his valuable insights as well as sharing on the role of the Committee and opportunities to work together.

The network would like to extend its appreciation to ActivPayroll for hosting the meeting at their office.

The Talent Network is also running a survey to understand Malaysia's talent landscape and issues. For more information and to participate, click here.

We are pleased to inform that the Malaysian Green Technology and Climate Change Corporation (MGTC) will be organising a series of training session on Green Practices for the Industry. The programme is part of the initiatives to assist local manufacturers, producers, suppliers, distributers and services to become more competitive in order to meet the demand of the local market and abroad in line with the National Green Technology Policy.

 

The training session focuses on provide an in-depth understanding of the importance of sustainable practices in the industry and how they contribute to overall environmental and social responsibility.

This one-day training course is designed for professionals in the several sector, focusing on the "GREEN PRACTICES GUIDELINE” to develop local company and entrepreneurs embarking on green businesses. The course will guide participants through the process of assessing green practices, focusing on key sustainability indicators relevant to organisation operations and to facilitate in the development of green products and services including standard requirement, regulation compliance and access to financing facilities on green practices.

 

We are pleased to invite you to the training sessions as stated below, with the brochures for each sector attached. 

The venue for the training sessions is Malaysian Green Technology and Climate Change Corporation (MGTC) Office. 

Calling C-level executives in manufacturing companies, service providers, government ministries and agencies, industry associations, chambers of commerce, financial institutions, GLICs, private equity firms, and venture capitalists, join us at the MIDA-FMM National Investment Seminar 2024!

MIDA, in collaboration with the Federation of Malaysian Manufacturers (FMM), is excited to invite you to a transformative event aimed at re-energising domestic investment through strategic collaborations between MNCs and local SMEs.

Date: 13 June 2024 (Thursday)

Time: 8.30 am - 5.00 am

Venue: Mandarin Oriental, Kuala Lumpur

Highlights: Keynote by MITI Minister; Breakout sessions; Business matching; Start-up pitches

Don't miss this opportunity to network, learn, and drive growth for your business. Register now and be part of Malaysia's investment future!

This General Review is in accordance with the provisions of the Agreement (Article 27.2.3, Chapter 27) which aims to “… review the operation of this Agreement with a view to updating and enhancing this Agreement …” so as to ensure the CPTPP remains relevant to trade and investment issues and challenges confronting the Parties of the Agreement.

As a Party to the CPTPP, Malaysia’s public consultation is conducted through an online survey which is open to all Malaysian individuals, businesses and organisations. For more information on the General Review, you may visit MITI’s CPTPP website here and the online survey here.

 

The online survey is open from now until 17 June 2024. We cordially invite you to participate in the online survey. For further inquiries or questions, you may email MITI at gr_cptpp@miti.gov.my. 

 

We thank you in advance for your cooperation and participation.

Discover the first edition of the IP Newsletter by SE Asia IPO Attaché Network, bringing you news, insights, and updates on the Intellectual Property (IP) developments in the Southeast Asia region.

This edition includes highlights from IPO UK and what the SE Asia IP Attaché Network in Singapore has been up to in recent months. 

Access the newsletter here!

Agri-Food Tech Expo Asia is part of the Singapore International Agri-Food Week (SIAW). The Singapore International Agri-Food Week (SIAW) spotlights the latest innovations in the agri-food industry, focusing on sustainable food production in Asia. Agri-Food Tech Expo Asia is the only exhibition where cutting-edge agri-food and food technologies, innovative food solutions, and global investment opportunities converge under one roof.

Join us from 19 to 21 November 2024 at the Sands Expo & Convention Centre, Hall B & C in Singapore for an unforgettable journey of innovation, collaboration, and growth.

RSVP Today!

Empower your future this summer! Join our exclusive Business and Technology Summer School, co-created with Singapore Management University – one of Singapore’s top universities!

Experience a unique blend of hands-on learning with real-world expertise. Our summer programme, led by the distinguished SMU faculty and business leaders, offers an unparalleled learning journey in Business and Finance & Technology and AI that you won't find elsewhere.

Venue: Epsom College in Malaysia

Address: Persiaran Kolej, 71760 Bandar Baru Enstek, Negeri Sembilan

 

Register now to secure your place at this not-to-be-missed event

For further enquiry, reach out to our event team at events.asia@epsomschool.com

Registration is on a first-come, first-served basis, with a cap of 30 participants per day.

Renganathan, executive director of TraTax, helps BFM unpack these issues and provide insights into achieving greater tax certainty, as well as provide taxpayers some guidance on how to better address all this, including the key obligations that businesses must manage, navigating the grey areas proactively, the appeals and dispute process, and tax certainty strategies and best practices.

Click here to hear the podcast.

London-born, American-raised Dilling has worked with a who’s who of culinary stars beginning with Alain Ducasse, famed godfather of French gastronomy, and under the direction of Didier Elena and Tony Esnault at Adour (three Michelin stars in 2008 and two the following year) in New York.

Learn how you can experience Alex Dilling's refined culinary skills with EQ Hotel here.

Enjoy this exclusive offer by the Hilton Kuala Lumpur and meet the Guru of the Grill, Chef Chris Wade for a 5-course Wine Pairing Menu. 

Join him for an exquisite culinary experience, brought to you by Chef Chris Wade, CEO and Executive Chef of Steak Maestro Australia. 

Indulge in a premium menu showcasing Wagyu cuts expertly paired with fine wines, promising an unforgettable gastronomic journey. 

Date: 13 - 16 June 2024

Time: 6.30 pm - 10.30 pm

Price: RM488 nett per person

For reservation or more information, call +604 2264 2264, email Hiltonkualalumpur_FB@hilton.com or visit them here. 

This special cocktail will be available at SEVEN Lobby Bar from 7 June till 6 July 2024.

 

Join us for this hotly-anticipated guest shift, held for one night only from 8–10 pm on 7 June 2024.

For reservations or inquiries, kindly contact +603 2778 0751

Get ready for the Malaysian International Food & Beverage Trade Fair, courtesy of our member Constellar Exhibitions Malaysia. 

MIFB is a dynamic trade fair that aims to inspire your business, spark innovation, and drive transformation within the F&B industry. Elevate your F&B venture, empower your innovations, and enable a brighter future at MIFB 17 – 19 July 2024.

Register now and reserve your 3-day pass and experience the best of ASEAN's F&B industry!

In the ever-evolving landscape of business transactions, the Malaysian government has taken a significant stride towards modernisation by introducing e-invoicing.

Under the auspices of the LHDN, this new regulatory framework promises to revolutionise how businesses conduct financial transactions, ushering in an era of efficiency, transparency, and compliance.

This article delves into the intricacies of LHDN’s e-invoicing regulations, offering insights into its importance, implementation, and potential challenges.