BMCC Newsletter Issue #394 - (4 March 2024)
Dear Subscriber, |
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Advancing Digital Trade between the UK and Malaysia BMCC Exchanged a Memorandum of Understanding with MDEC to Revolutionise the Digital Economy |
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We are proud to announce our exchange of the Memorandum of Understanding (MoU) with the Malaysian Digital Economy Corporation (MDEC) in an effort to bolster digital trade and economic cooperation between the UK and Malaysia. |
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This underscores the steadfast dedication of both the UK and Malaysia to cultivate strategic alliances, promote the exchange of knowledge, and spearhead initiatives aimed at expediting digital transformation and innovation across diverse industries. |
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The MOU exchange between Ts. Mahadhir Aziz, CEO of MDEC and Jennifer Lopez, CEO of BMCC, was witnessed by Yang Berhormat Gobind Singh Deo, the Minister of Digital Malaysia, alongside HE Ailsa Terry, the UK High Commissioner to Malaysia, Richard Graham, the Prime Minister’s Trade Envoy to the ASEAN EC, Malaysia, Indonesia, and the Philippines, -Mak Joon Nien, Deputy Chair of BMCC & CEO, Managing Director & Chief Executive Officer of Standard Chartered, and Raymond Siva, Head of Digital Investment for MDEC. |
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| BMCC Roundtable Session with the Ministry of Digital Malaysia and the Malaysian Digital Economy Corporation (MDEC) |
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On the same occasion, our members from the Digital Tech sector also engaged in a thought-provoking roundtable with the Ministry of Digital Malaysia and MDEC.
The session sparked stimulating conversations surrounding Malaysia's digital agenda, strategies within the digital and tech domains, and collaborative opportunities for the Chamber and its members to contribute to these initiatives.
The BMCC was privileged to be the Minister of Digital's first Chamber to hold a roundtable session, and we eagerly anticipate further collaboration with the Ministry and MDEC to advance Malaysia's digital economy. |
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We are thankful to YB Gobind Singh Deo for being part of this much-needed discussion. We also extend our gratitude to Yang Berbahagia Datuk Haji Rodzi bin Md. Saad, Secretary-General of the Ministry of Digital Malaysia; Ts. Mahadhir Aziz, CEO of Malaysia Digital Economy Corporation (MDEC), and Yang Berusaha Puan Azilawati Wan Mahmood, Undersecretary, Digital Technology Division for the Ministry of Digital, for their participation. Our appreciation also goes out to Raymond Siva and his team at MDEC for this collaboration.
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The session was moderated by our Deputy Chair Mak Joon Nien, Managing Director and CEO of Standard Chartered Bank Malaysia.
In attendance were Jennifer Lopez, CEO of BMCC; BMCC Board Members Dato' Omar Siddiq, CEO of HSBC and Vinod Narayanan, Country President of AstraZeneca; as well as BMCC Members David Appleton of BAE Systems; Chiang Ching Wan of BP; Radu Lazar of Endava; Andrew Philp of ActivPayroll; Dato' Seri Dr. Mohamad Zabidi of DDGI Limited; Sundara Raj, Chief Digital Officer of PwC Malaysia; Wee Shee Na of Smith & Nephew; Chris Farrelly of HANDD Business Solutions; Martin Ong of Standard Chartered Global Business Services; Ajitpal Singh of Kagool; and Al Nizam Vasudavan of London Stock Exchange Group. |
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A big thank you to everyone from the Ministry of Digital Malaysia, MDEC, the British High Commission, BMCC Board Members and BMCC Members who made this occasion a success! |
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The BMCC looks forward to the positive impacts that the partnership with MDEC will create, by leveraging opportunities afforded by the CPTPP and hopes that commitment to achieving these objectives continues to be a steadfast priority.
For those of our members interested in the digital and technology sector, kindly contact Yoong@bmcc.com.my |
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| Welcome our new Gold Member, HANDD Business Solutions! |
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HANDD Business Solutions are independent specialists in data protection, not just software suppliers. With a product range of carefully selected, industry-leading software and around-the-clock specialist support, they’re your trusted partner in the fight against data loss and non-compliance. |
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Their independent data protection specialists already work with 45% of FTSE 100 companies to Protect data, Detect threats to networks and systems and Respond quickly. Their in-depth knowledge and unmatched expertise go beyond simple MFT. They secure the entire journey of your data, from consultancy and technical design, right through to installation, training and support.
Read more about them here! |
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| Welcome our new Sterling Member, One Complete Solutions! |
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OCS Malaysia is a leading provider of integrated facilities management and outsourcing solutions. |
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Specialising in services such as cleaning, security, maintenance, and support, OCS Malaysia offers comprehensive solutions tailored to meet the unique needs of businesses across various industries. With a focus on innovation and sustainability, they leverage advanced technology and best practices to optimise operational efficiency and enhance safety standards. Through a customer-centric approach, OCS Malaysia builds lasting partnerships by delivering reliable, professional, and high-quality services. Trusted nationwide for their expertise and commitment to excellence, OCS Malaysia sets the standard for superior facilities management solutions in Malaysia.
Visit their website here! |
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| BMCC Business Excellence Awards 2024 | Nominate Your Candidates Today! |
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The BMCC's flagship event to honour British and Malaysian brands and personalities returns on 21 May 2024. Join us at Sunway Resort Hotel for our 5th Business Excellence Awards, and celebrate excellence and progress in bilateral trade among our network of members!
This year, we have seven Award categories. Explore the categories and submit your nomination(s): |
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| Join Us Tomorrow! Navigating Malaysia's Transfer Pricing Updates with PwC |
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On 29 May 2023, The Inland Revenue Board of Malaysia (IRBM) released the Income Tax (Transfer Pricing) Rules 2023, which introduced a series of amendments that will aim to improve transparency in transfer pricing.
Date: 5 March 2024 Time: 10.00 am - 11.30 am Venue: Live Webcast |
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In collaboration with PwC, the BMCC brings you an exclusive briefing on the latest amendments to the transfer pricing landscape in Malaysia. Here’s your chance to understand how these changes directly impact your business operations and equip yourself with the knowledge to stay compliant and audit-ready. PwC’s tax specialist Ong Ai Ling, Director at PwC Taxation Services Sdn Bhd, with over sixteen years of extensive experience in transfer pricing, will be guiding you to stay ahead of the curve.
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| 7 Mar - Johor Super InterChamber Networking: Mix, Mingle, and Make a Difference |
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This Super InterChamber Networking Event is a collaboration between seven business Chambers – British Malaysian Chamber of Commerce (BMCC), American Malaysian Chamber of Commerce (AMCHAM), Malaysian-German Chamber of Commerce & Industry (MGCC), Malaysian Dutch Business Council (MDBC), Malaysian French Chamber of Commerce & Industry (CCI France Malaysia), Malaysia Australia Business Council (MABC), and Canadian Chamber of Chamber (CanCham)! |
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With members across these seven business Chambers gathering in one place, you’ll be able to make new connections, grow your network, and take your business to the next level, all while having a great time.
Date: 7 March 2024 Time: 5.00 pm to 7.00 pm Venue: George & Dragon Cafe No. 1 & 3, Jalan Glasiar, Taman Tasek, 80200 Johor Bahru, Johor
Limited seats only. See you there! |
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| Game, Set, Network! with Ascaro on 26 March |
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Let's take networking to the next level!
Hosted by ASCARO Padel & Social Club, this will be an adrenaline-filled evening of Padel competitions and productive conversation. |
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SAVE THE DATE!
Date: 26 March 2024 Time: 6.00 pm - 9.30 pm Venue: ASCARO Padel & Social Club Level UR, Rooftop, 1 Utama Shopping Centre (New Wing), Central Park Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor
Registration will open soon, stay tuned! |
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| Last Week’s Solving the Tax Technology Puzzle of e-Invoicing Webinar with EY |
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On 28 February, the BMCC and the American Malaysian Chamber of Commerce(AmCham), in partnership with Ernst and Young (EY), held an enlightening webinar on tax technology, with particular regard to Global Tax e-Invoicing Solution (GTES), and overcoming common issues encountered with e-invoicing. |
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The webinar featured welcoming addresses from BMCC CEO Jennifer Lopez and AmCham CEO Siobhan Das. Amaejeet Singh, EY ASEAN Tax Leader opened with an overview on e-invoicing, and Dr. Rasyidah Che Rosli, Director of Operations, Policy Section, Tax Operations Department for the Inland Revenue Board of Malaysia (IRBM), provided updates on the e-invoicing landscape in Malaysia.
EY's experts, Adrian Lim, Technology Consulting Partner; Julian Wong, EY ASEAN Global Compliance and Reporting Leader; and Derek Chan, Associate Partner for International Tax & Transaction Services, provided information on tax technology options and a demonstration on Global Tax e-Invoicing Solution (GTES). Wong Chow Yang, Partner for Business Tax Services from EY then presented about common tax and finance issues to consider in relation to e-invoicing.
A big thank you EY and the IRBM for sharing their insights with our members. We also thank AmCham for this opportunity to collaborate, and hope to have opportunities in the future. |
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| BMCC Meeting with Bluestar AMG |
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Recently, our CEO, Jennifer Lopez and Events Manager, Sim Siew Kee had the opportunity to meet up with Lilit Zakharyan and Mark Matlaszek of Bluestar AMG. |
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Lots were discussed and we are glad to say that we have lots of future events and possible collaborations lined up for 2024 & 2025!
Looking forward to seeing these come to fruition! |
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Last week, the BMCC met with BSI to discuss great plans for joint events and ways the Chamber can better profile BSI in their efforts in sustainability.
Thank you, Emmanuel Herve, Evelyn Chye, Koh Siew Yin, David Brannigan, and Janice Gaub of BSI for taking the time to meet with BMCC’s Jennifer, Siew Kee, and Angelyn.
We look forward to making the plans we discussed come to fruition. |
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| British High Commission Kuala Lumpur | CPTPP Deep Dive Series: Trade in Goods |
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The United Kingdom (UK) signed up to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in July 2023, making history as the first new member to join this dynamic trade group since it was created.
Date: 6 March 2024 Time: 4.00 pm - 6.00 pm Venue: Menara Binjai / Microsoft Teams
Join the British High Commission Kuala Lumpur to uncover how CPTPP is going to help UK businesses to trade goods with Malaysia more easily. This will include how CPTPP reduces tariffs, what businesses need to know about meeting rules of origin requirements, and how they can get goods tested more easily in the UK prior to export. |
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| UK-ASEAN Business Council | Join the Online 2024 Forum! |
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The annual UK-ASEAN Business Forum is the premier conference of the year that highlights significant opportunities for UK businesses in fast-growing Southeast Asia. Hosted by the UK-ASEAN Business Council, in collaboration with the ASEAN Business Advisory Council, the Department for Business and Trade and the UK Mission to ASEAN, the forum brings together key decision makers from the UK and ASEAN’s public and private sector to discuss the growing UK-ASEAN trading relationship, now at an all-time high of £49 billion. |
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Lao People’s Democratic Republic (PDR) is the Chair of ASEAN in 2024 and has adopted the theme ‘ASEAN: Enhancing Connectivity and Resilience’. In support of this theme, the UK-ASEAN Business Forum will discuss issues including Green Finance, Integrating and Connecting Economies and Digital ASEAN. The Forum will offer an unrivalled opportunity to better understand the business opportunities in Southeast Asia and explore how the UK public and private sector can work in partnership with ASEAN to further grow the trade and investment relationship.
The UK-ASEAN Business Forum will be held online on the morning of 26 March 2024. - Date: Tuesday, 26 March 2024
- Time: 9.00 am – 12.30 pm GMT
- Platform: Zoom Webinar
- Programme and Speaker updates: Event Page
If you would like to attend, click here to register! |
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| XCL Education | Sri KDU International School Klang Campus Info Week |
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Experience the difference at Sri KDU International School, Klang!
With over 25 modern facilities for students to enjoy, they 'Shape Future Leaders' through a holistic approach to learning.
Date: 26 February to 9 March 2024 Time: 10.00 am to 2.00 pm |
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From a future-proof Digital Leadership Programme to an exciting international partnership programme, we pave the way for our students to achieve Top Academic Outcomes.
Unlock the doors to excellence with FREE Taster Classes for Early Years, Primary, and Secondary levels.
Contact them NOW to learn more about the exciting educational experience at Sri KDU International School, Klang. |
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| ACCA | Calling for Neurodiverse Talent! |
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ACCA is undertaking an admirable feat in global research on Neurodiversity, in alignment with BMCC's commitment to DEI principles.
The purpose of this research is to showcase opportunities for neurodiverse people in considering a career in accountancy and beyond. |
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This endeavour also serves to highlight employer perspectives on how they are/should be supporting neurodiverse talent development.
For the interview, ACCA is looking for interview candidates as follows: - Neurodivergent individuals or talents - in finance and accounting
- Neurodivergent individuals or talents - in other fields or domains
- Employers of such talent - this could be the HR/People or Business leader
For clarification, individuals diagnosed as neurodivergent would primarily include those on the autism spectrum disorder, those diagnosed with attention-deficit hyperactivity disorder, dyscalculia (difficulty with maths), dyslexia (difficulty with reading), as well as other diagnoses.
ACCA plans to conduct the interviews with these candidates in March with the report due in June 2024.
Don't miss this opportunity to showcase your neurodiverse talent!
For more information or to submit a candidate, please contact Sharath Martin, Senior Policy Consultant for ACCA Asia Pacific, at sharath.martin@accaglobal.com. |
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| EY | Hurry! Solve the Tax Technology Puzzle for e-Invoicing |
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On behalf of our member EY, we are pleased to invite you to an upcoming interactive session, Solving the Tax Technology Puzzle for e-Invoicing in EY wavespace Kuala Lumpur. This bespoke session is designed for you. It aims to deepen your understanding of the essential technology components required for successful e-invoicing implementation and common technology issues encountered. EY will introduce available options and share valuable insights from e-invoicing implementations in other markets. This immersive experience will better equip you for the intricacies of tax e-invoicing.
EY has crafted two engaging sessions on 7th March 2024, filled with insightful sharing and learning, designed specifically to accelerate your e-invoicing implementation journey! Join them for one of these sessions by registering via the form below.
Hurry! RSVP here by 5 March 2024 (Tuesday), 2 pm while seats last!
Don't miss this enriching opportunity!
We hope to see you soon at EY wavespace Kuala Lumpur! |
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| The Alice Smith School Foundation | Join Their Annual Fundraiser on 8 March |
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The Alice Smith School Foundation is thrilled to announce its yearly fundraiser event. It will be an evening of delicious food, live performances by the students, and a focus on their mission of transforming lives through education.
Date: Friday, 8 March 2024 Time: 6.30 pm to 11.00 pm Venue: Pavilion Hotel Kuala Lumpur
This year, their special guest-of-honour will be His Highness Crown Prince of Selangor, Tengku Amir Shah Ibni Sultan Sharafuddin Idris Shah Alhaj, a former student of Alice Smith School. |
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Booking for tables of ten is available for a special early bird discount. Please contact foundation@alice-smith.edu.my to find out more. Don’t wait because tables are sure to start filling up quickly for this fantastic event.
Visit the foundation page here! Visit the event page here! Click here for more information! |
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| Epsom College in Malaysia | A-Level Scholarship Open Day |
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Epsom College in Malaysia is Celebrating a Decade of Excellence!
In commemoration of its 10th Anniversary in 2024, Epsom College in Malaysia will be hosting an A-Level Scholarship Open Day on Saturday, 9 March. This event invites aspiring students to explore the transformative educational opportunities that extend beyond A-levels. |
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Take the first step towards a future of excellence and explore the A-Level offerings and university pathways offered at Epsom. Discover the possibilities, meet inspiring educators, and explore your path to success. Academic, sports, and music scholarships of up to 100% coverage are available*.
Epsom’s A-Level Scholarship Open Day Date: Saturday, 9 March 2024 Venue: Epsom College in Malaysia Address: Persiaran Kolej, 71760 Bandar Baru Enstek, Negeri Sembilan
Discover the world-class British boarding school in Malaysia right at your fingertips! Join Epsom for an immersive day at their expansive 80-acre, state-of-the-art campus. Experience the safety and support of its boarding environment with complete facilities, conveniently located just a 15-minute drive from Kuala Lumpur International Airport (KLIA).
“I think when you’re in an environment where people believe in you as much as my teachers have, it’s very hard not to thrive. To be in an environment like that is really helpful in terms of achieving goals.” - Cazra G., Epsom Class of 2022, Currently enrolled in the University of Cambridge.
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| Heriot-Watt University Malaysia | Prof. Mushtak Joins Higher Education Ministry National Task Force |
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Our heartfelt congratulations to Professor Mushtak Al-Atabi, the Chair of the BMCC Higher Education Committee, and Provost and Chief Executive Officer of Heriot-Watt University Malaysia, for being appointed as a member of the Malaysian Ministry of Higher Education (MoHE) national task force to facilitate private higher learning institutions as an industry (PEMUDAH IPTS) for the year 2024 - 2025.
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Professor Mushtak also recently featured his opinion on enabling collaboration in The Star newspaper. He pontificates on the necessity of collaboration and the creation of a culture of openness and transparency during his teachings with his MBA students.
Read the article in the Star here! |
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| Marlborough College Malaysia Charts in Asia Pacific Spear's School Index 2024 |
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For the fourth consecutive year, Marlborough College Malaysia was selected as one of the top 100 private schools globally and the best 10 schools in Asia Pacific in the prestigious Spear’s Schools Index 2024. This recognition underscores Marlborough College Malaysia's commitment to excellence in education and its position as a leading institution in the region. We are pleased to observe the noteworthy trend of schools in Malaysia emerging as leaders within the regional educational landscape. It is gratifying that Marlborough College Malaysia stands at the forefront, exemplifying excellence and offering outstanding educational opportunities.
To read more about this astounding achievement, click here! |
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| Marlborough College Malaysia | Singapore Admissions Event on 14 March |
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Visit Marlborough College Malaysia at The British Club for their Open Day on Thursday, 14 March 2024 and discover a world-renowned education at a global top 125 school with award-winning academic results, boarding, and pastoral care.
Event: Singapore Admissions Evening Date: Thursday, 14 March 2024 Time: 5.30 pm - 7.30 pm Venue: The British Club, Singapore
Visit their website here! |
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| Marlborough College Malaysia | Admissions Online Evening on 19 March |
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Discover Marlborough College Malaysia online for their Open Day on Tuesday, 19 March 2024 and discover a world-renowned education at a global top 125 school with award-winning academic results, boarding, and pastoral care.
Event: Admissions Online Evening Date: Tuesday, 19 March 2024 Time: 5.30 pm - 6.30 pm Venue: Online
Visit their website here! |
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| JLL | Asia Pacific Capital Tracker Q4 2023 |
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Asia Pacific commercial real estate investment volumes rise 3% in Q4 2023, according to JLL research. In Malaysia, they have observed similar trends where investors initially adopted a cautious approach towards real estate at the beginning of the year. However, towards the end of the year, investment activity picked up significantly, surpassing both the volumes and number of transactions seen in the previous year.
Download JLL’s latest Capital Tracker to uncover the key factors influencing investor strategies and gain a clear picture of the opportunities and challenges that lie ahead in 2024: |
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Looking for property data and analysis for countries across the Asia Pacific? Contact them:
Yulia Nikulicheva Head of Research & Consultancy JLL Malaysia
To read more about it, click here! |
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| Knight Frank Malaysia | Malaysia Commercial Real Estate Investment Sentiment Survey (CREISS) 2024 |
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The findings of CREISS include a close look at key players’ sentiments on market performance, sub-sector investment activity and factors impacting the market. Download the full report here. Or get in touch with their team: Amy Wong, Executive Director, Research & Consultancy
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| St. John International School | Primary School Open Day on 9 March |
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Discover St. John's International Primary School to engage with industry-focused programs and uncover how students there navigate a path from learning to thriving in their future careers. Explore the dynamic learning environments that shape the foundation of knowledge, critical thinking, and practical skills. |
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From cutting-edge technology in classrooms to innovative career guidance programs, witness how St. John's International Primary School prepares students for the challenges and opportunities beyond academia. Mark 9 March, 9 am to 1 pm to embark on a journey where education seamlessly aligns with future career success, creating a roadmap for every student to thrive in their chosen endeavours! |
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| St. John International School | Secondary School Open Day on 9 March |
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Join St. John's International Secondary School for SJIS Open Day on 9 March !
Register for their placement test and receive a complimentary pair of headphones!
Explore their campus, meet their dedicated faculty, and discover the SJIS experience firsthand.
Don't miss this chance to kickstart your educational journey with us!
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| ASCARO Padel & Social Club | Rally for International Women's Day on 9 March |
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Women take the spotlight in March!
Mark your calendars for 9 March, 2024, Saturday, at 4 pm as ASCARO Padel & Social Club celebrates its first International Women’s Day for the benefit of the Nicol David Organisation.
Join ASCARO for an afternoon of women empowerment, where they introduce the sport of Padel alongside an inspiring empowerment talk, fostering a gender-equal world.
Watch or join the the friendly match, join the raffle draws, and of course, socials, DJs, and live band music.
All proceeds will go to the Nicol David Organisation, an organisation founded to empower girls and boys through sport and education.
Register here or call +6012 338 4431 for tickets! |
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| Ascaro Padel & Social Club Malaysia | Sign Up Your Kids for Junior Easter Padel Camp |
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Introduce a new passion to your kids with Ascaro's Junior Easter Padel Camp - a 3-day event of Easter activities and Padel Coaching with Coach Justine and Coach Jorge.
Dates: April 1, 2, and 3 April 8, 9, and 10 April 15, 16, and 17 |
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Time: 9.00 am to 12.00 pm Age: 6 to 10 and 11 to 15 years old Venue: ASCARO Padel & Social Club Rooftop, Level UR, New Wing 1 Utama Shopping Center, Petaling Jaya, Malaysia
Fees are RM900 for 3 days or RM350 for 1 day per student; inclusive of food and drinks.
Sign up by contacting +6012 338 4431.
See you there! |
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| Key Risk Training Solutions | Join a 2-Day Training Course on Non-Confrontational Interviewing |
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Join Key Risk Training Solutions at a 2-Day Training Course on Non-Confrontational Interviewing!
Date: 18 & 19 April Venue: Concorde Hotel Kuala Lumpur Malaysia Course Fee: MYR 1,250
Traditional interview techniques adopted in the corporate environment often employ a poorly structured and confrontational approach which can have negative outcomes. This is particularly so when conducting very stressful disciplinary interviews of employees suspected of wrongdoing.
The skills required to conduct effective non-confrontational interviews need to be taught and learned to be effective. This 2-day training course organised by Key Risk Training Solutions is designed to provide attendees with the skills and techniques to become highly effective non-confrontational interviewers.
Get more information on their website here!
Register now with the button below! |
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| Mint Communications | Join the 17th PISF in Johor on 16 and 17 March |
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The 17th Private & International School Fair in Johor will be held on 16 & 17 March 2024 - The Mall, Mid Valley Southkey.
The fair, which has become the place for families looking for an international school education for their children, will now run for two consecutive days.
Parents will have the opportunity to connect with leading international schools in Johor and meet representatives from private schools, preschools, learning centres, pre-university providers, boarding schools and others during the fair.
Date: 16 & 17 March Time: 11 am to 6 pm Venue: Southkey Mid Valley, Johor Bahru |
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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, Persiaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur Copyright © BMCC 2024 |
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