BMCC Newsletter Issue #443 - Green Edition #37 (27 January 2025)
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This week's highlights: - Malaysia Builds Digital Economy with Inclusivity and Sustainability in ASEAN Chairmanship
- BMCC Upcoming Event: A Fireside Chat with the Head of the National AI Office, Sam Majid on 26 February
- Check out compelling sustainability updates by our members
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Malaysia Builds Digital Economy with Inclusivity and Sustainability in ASEAN Chairmanship |
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As Malaysia assumes the ASEAN Chairmanship in 2025, inclusivity and sustainability are central to its vision for a thriving digital economy. Malaysia's Digital Minister, Gobind Singh Deo shares the government's commitment to ensuring no community is left behind as Malaysia bridges the digital divide for underserved and rural populations while empowering SMEs to actively contribute to the digital landscape. |
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Malaysia is a key partner in the ASEAN Digital Economy Framework Agreement (DEFA), which aims to unlock USD 2 trillion in digital opportunities by 2030. The agreement focuses on harmonising regulations, streamlining supply chains, and enhancing regional collaboration to create a resilient digital economy that unites ASEAN countries.
With RM141.72 billion in approved digital investments in 2024, Malaysia is positioning itself as a regional digital hub. The Malaysia Digital (MD) tax incentive strengthens high-growth sectors like AI while creating over 41,000 jobs. By exporting expertise and scaling local businesses, Malaysia is contributing to economic resilience across ASEAN.
The BMCC is excited to support our members seeking to make innovative digital progress that aligns with principles of inclusivity and sustainability. We also encourage you to join our upcoming Fireside Chat with the Head of the National AI Office (NAIO), Sam Majid who will share insights on Malaysia's AI strategies and their role in shaping the nation's digital transformation agenda. Find out more, below! |
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Interested in green conversations? Come and join our Sustainability Network! BMCC Members, we encourage your organisation’s Senior Representatives to join us every quarter as we exchange ideas, learn best practices, and advocate for change in our Sustainability Network. |
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| 26 February | A Fireside Chat with the Head of the National AI Office, Sam Majid |
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Get ahead of the curve and evolve your business with the digital revolution. Gain exclusive insights from the Head of the National AI Office, Sam Majid as he outlines the NAIO's priorities and regulations that ensure that Malaysia's relationship with AI is healthy and thriving. Date: 26 February 2025 Time: 10:00 am - 12:00 pm Venue: BMCC Office @ Menara IQ, TRX No 02-B, Menara IQ, Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur Target Audience: C-suite, senior management, and senior representatives of BMCC member companies Be a part of Malaysia's digital future today and register now! |
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| EIC Connect Energy Borneo 2025 | A New Era for Energy Collaboration |
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We are proud to be a supporting partner for The Energy Industries Council (EIC)'s annual flagship event: EIC CONNECT Energy Borneo 2025.
EIC CONNECT is organised around the world each year providing attendees with a diverse range of functions (Panel / Solo-themed Conference, 1-to-1 Business Matching, Networking Reception) dedicated to fostering and nurturing business partnerships and expanding their customer base.
Date: 25 to 26 February 2025 Venue: Hikmah Exchange Event Centre, Kuching, Malaysia
BMCC members can enjoy an exclusive limited-time New Year promotion—discounted delegate rates with promo code ASM50 (valid up to 31 January 2025). |
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| TalentCorp | 1:3 Internship Policy, an Initiative by the Ministry of Human Resources |
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TalentCorp invites you to their virtual session to introduce the Dasar Latihan Amali 1:3 | 1:3 Internship Policy, an initiative by the Ministry of Human Resources (KESUMA) implemented through TalentCorp. |
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This transformative policy connects expatriate hiring to local talent development, fostering a mutually beneficial framework for businesses and future-ready local talent. It emphasises hands-on industry exposure for students while continuing to attract critical foreign expertise.
Session Details: Available Dates: 4, 5, & 6 February 2025 Time: 10:00 am
Why You Should Attend: - Gain a clear understanding of the 1:3 Internship Policy and its objectives.
- Learn how this policy supports your organisation's expatriate hiring while contributing to local talent development.
- Discover the incentives available, including tax deductions and allowances under the National Structured Internship Programme (MySIP).
- Explore how this policy can benefit your business and strengthen Malaysia’s talent ecosystem.
For your reference, kindly find the FAQ for the 1:3 Internship Policy here. This document provides additional details and addresses common questions about the initiative. Please submit any questions or concerns about this initiative through the registration form. |
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| Future Minerals Forum 2025 | Calling for Sustainable Mineral Industry Framework and Geopolitical Cooperation |
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Malaysia has emphasised the importance of a sustainable mineral industry framework and the need for the world to address geopolitical tensions during the ministerial roundtable session at the Future Minerals Forum 2025 (FMF25) held recently in Riyadh, Saudi Arabia. |
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Malaysia's Minister of Natural Resources and Environmental Sustainability, Nik Nazmi Nik Ahmad said the mineral industry framework is crucial as it plays a role in energy transition and technological advancement, while addressing geopolitical tensions can help leverage the best technology at lower costs.
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| Standard Chartered Nears $1 Billion in Income from Sustainability-focused Business Initiatives |
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Standard Chartered CEO, Bill Winters projected that the bank will generate close to $1 billion in income from its sustainability-focused operations in 2025. Speaking at the World Economic Forum in Davos, Winters emphasised the bank’s commitment to helping clients achieve sustainability goals.
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| Sunway Group | Sustainable ASEAN-wide Policies with Connected Infrastructure and AI |
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Energy transformation should be a top priority for ASEAN as it tackles climate change, and the key strategies should be the development of connected infrastructure and capitalising on the artificial intelligence (AI) revolution.
Jeffrey Sachs, president of the United Nations Sustainable Development Solutions and Research (UN-SDSN), said during his presentation at the ASEAN Workshop on Sustainable Development that regional integration has become a strategic necessity for every nation in the world, and ASEAN must have diplomatic unity to have influence in the world.
The Workshop was hosted by Sunway University in collaboration with the UN-SDSN Asia Headquarters at the university.
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| BSI Launches Free Standard to Help SMEs Develop Climate Transition Plans |
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The British Standards Institution (BSI) has published an updated standard guiding the development of business net-zero transition plans, which small and medium-sized businesses can access free of charge.
You can download a DRM-free copy of this standard here! |
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| Tex Cycle named Ho Wai Mun as COO, Lee Junyan CTO |
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Tex Cycle Technology (M) Bhd has appointed Ho Wai Mun as Chief Operating Officer and Lee Junyan as Chief Technical Officer.
Lee (pictured) has led key renewable energy projects, including the waste-to-energy gasification power plant, and, as senior technical manager, spearheaded research and development initiatives, boosting operational efficiency and sustainability.
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| Universiti Malaya | Malaysia’s First Sustainable Academic Health Centre |
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Universiti Malaya (UM) is now home to the country’s first academic health centre dedicated to advancing sustainability in healthcare.
The milestone was marked by the recent launch of Green@UMHealth. Spearheaded by the Faculty of Medicine, the initiative seeks to address the pressing environmental challenges facing the healthcare sector while nurturing a new generation of eco-conscious healthcare professionals through medical education, research and clinical operations.
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| Knight Frank Malaysia Shares Data Centre Research Report 2024 |
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Bringing together key insights in a single report, showcasing Malaysia’s dominance in the SEA-5 Data Centre Opportunity Index.
Ranking first in the index for the second consecutive year, Malaysia recorded a significant annual take-up of 429 MW, outperforming regional peers. |
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Report highlights: - Malaysia secured RM141.72 billion in digital investments in the first ten months of 2024—triple 2023’s total.
- The country hosts 54 operational data centres with a 504.8 MW capacity, with Johor leading in IT capacity and Klang Valley remaining a core market. Emerging hubs include Sarawak, Negeri Sembilan, and Kedah.
- Notable tech investments include USD 23.3 billion from Microsoft, Google, AWS, and Oracle for AI and cloud infrastructure.
- Government initiatives like the Green Lane Pathway and Corporate Renewable Energy Supply Scheme (CRESS) boost sustainability, while new planning guidelines foster a robust investment environment.
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| Tay & Partners | ESG Legal Framework in Malaysia: What Companies Need to Know |
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In today’s business landscape, it is no longer possible to ignore the role Environmental, Social, and Governance (“ESG”) principles play in businesses. To stay relevant and ensure compliance with applicable laws, business leaders and decision-makers must understand the laws and regulations pertaining to ESG practices.
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Stay up to date with the Chamber’s latest news and activities through this newsletter or follow us on our social media platforms. |
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British Malaysian Chamber of Commerce Berhad 201801018075 (1280091-P) No 02-B, Menara IQ, Lot C7.11, Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur Copyright © BMCC 2025 |
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