BMCC Newsletter Issue #421 - (9 September 2024) |
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This week's highlights: - MIDA shares details on investment initiatives with BMCC Members in engaging Breakfast Briefing
- Recaps of meetings with another chamber, potential members, and a site tour of TRX
- Updates to our event calendar!
- Celebrating achievements with Marlborough and OCS Malaysia
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MIDA Shares Investment Initiatives to Promote Economic Growth with BMCC Members |
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This event provided an excellent platform for networking and knowledge sharing, uniting Malaysia's economic growth goals, the UK's accession to the CPTPP trade agreement, and the diverse industrial portfolio of BMCC members. |
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In this engaging and insightful session, Sivasuriyamoothry Sundara Raja, Deputy CEO, Investment Promotion & Facilitation of MIDA and his team, presented an in-depth overview of MIDA's initiatives and plans to attract and expand investment opportunities, as well as mission statements that clearly define MIDA's targets for the foreseeable future. These statements align closely with the Madani Economy Framework and public sector reforms.
He also provided an overview of MIDA's international relations portfolio and investment missions, citing China as one of Malaysia's largest and most profitable collaborators, ahead of Singapore and Taiwan. |
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Implementing Investment Policies: He emphasised a bilateral approach to expanding Malaysia's horizons: 'Raising the Ceiling' by positioning Malaysia as a globally competitive investment destination, and 'Raising the Floor' by promoting inclusivity and equitable management to support upward social mobility. |
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Encouraging Reinvestments: With clear targets set by the Twelfth Malaysia Plan and New Industrial Masterplan (NIMP) 2030, Mr. Siva made a strong case for reinvestment, encouraging companies to invest in high-growth and high-value areas, which are heavily incentivised under Budget 2024. |
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His team further elaborated on MIDA's various initiatives and incentives across different interests, sectors, and specialised areas in Malaysia, all working together to build a strengthened and holistic Malaysian economy.
Regional Establishment: Representative or Regional Offices Nurullydia Ahmad, Deputy Director of the Foreign Investment Division, presented the criteria and application processes for companies planning to set up a representative regional office when establishing a presence in Malaysia. |
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Types of Offices: Representative Offices are designated to collect relevant information on investment opportunities in the country, while Regional Offices serve as coordination centers for an organisation’s affiliates within the ASEAN region. |
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Ms. Nurullydia provided clarity on the eligibility criteria for a regional establishment, as well as the permitted activities in these offices, such as gathering and analysing information to undertake research and product development. Non-Permissible Activities: Regional establishments are restricted from engaging in commercial activity, signing business contracts, leasing warehouses, and participating in the daily management of any of its subsidiary affiliates or branches in Malaysia.
Nurturing Opportunities in a Holistic Green Investment Ecosystem Jhaiyasree Walaidam, Deputy Director of MIDA's Green Technology Division, explained MIDA's role as an intermediary between policymakers and both foreign and domestic investors in developing the green economy. She also shared insights into how MIDA can facilitate successful application procedures. |
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With Malaysia's goal to achieve RM300 billion in green investment and achieve Net-Zero Green House Gas emissions by 2050 as part of the Twelfth Malaysia Plan, Ms. Jhaiyasree explained how MIDA's strategies and initiatives, particularly with the allocations under Budget 2024, can be game-changers. |
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Green Investment Strategies: To achieve our goals, Malaysia must significantly increase its green investment, by expanding investments in renewable energy and electric vehicles, while leveraging foreign direct investment. Green Technology Incentives: Through the GITA Project for Business Purposes, eligible companies registered with MIDA can apply for Investment Tax Allowance (ITA) of 70% to 100%, depending on their qualifications. Companies can also qualify for ITA for activities ranging from green building to energy efficiency with the GITA Asset (own consumption) scheme.
Ms. Jhaiyasree reiterated that to be eligible for green investment incentives, applications must be submitted before the capital expenditure is incurred.
Attracting Investment through Digital Infrastructure |
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Data Centres: Mr. Ramzul highlighted the increasing demand for data centers and their role in spearheading Malaysia's digital revolution, especially with those focused on artificial intelligence (AI). |
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AI-driven data centres are applicable across various sectors, including education, finance, and commerce. They are proposed to be cost-effective in the long run and provide access to wider markets. Digital Investment Incentives: MIDA's Digital Ecosystem Acceleration Scheme (DESAC), aims to draw projects into the country and accelerate the growth of the digital economy value chain.
Strategic Initiatives to Advance Talent Development |
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Talent Facilitation: The division mission is to address and service investors' needs in human capital. Various programmes have been developed to evolve Malaysia's modes of talent development, such as career fairs, outreach programmes, and academia–industry engagement. |
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This also includes the creation of the Special Task Force for Talent Facilitation, which provides companies with a platform to address manpower needs and equips MIDA with a better understanding of the challenges in hiring talent. Expatriate Management: In its role of managing and evaluating applications for expatriate posts, MIDA is one of the approving agencies to use systemic withdrawal plans (SWP) to issue support letters for Employment Pass applications. Interested parties can appeal for different licences and approval letters, depending on the nature of their sector.
The Johor Singapore Special Economic Zone (JS-SEZ) |
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Ms. Farah emphasised that the JS-SEZ has the potential to cultivate sectors like manufacturing, energy, financial and business services, education, healthcare, and the digital economy. |
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Incentive Offers: For the majority of the JS-SEZ priority sectors, Malaysia offers a variety of incentives. These range from substantial income tax exemptions to the recently introduced and enhanced ones, such as the Reinvestment Incentive under NIMP 2030, the Pengerang Integrated Petroleum Complex (PIPC) Incentive, DESAC, and Green Technology Incentives. |
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With the initiatives of five of MIDA's specialised divisions shared and clarified, the session concluded with lively networking that seamlessly connected MIDA's expertise with the interests of the attending representatives.
We are deeply grateful to MIDA for bringing their top experts to share invaluable insights into Malaysia's diverse investment opportunities. Their commitment to fostering collaboration and growth is truly commendable. We are confident that this event has successfully connected our members with the right divisions to drive Malaysia's economic progress and strengthen bilateral trade.
BMCC members who are interested in getting in touch with the MIDA team to explore these investment opportunities can contact: |
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Mark your calendars for exciting events we have from September through December!
Looking to be Involved in our Events? BMCC Members interested in enhancing their brand visibility or seeking opportunities for speaking engagements and exhibition space are encouraged to reach out. Contact Siew Kee or Logan at events@bmcc.org.my to learn more about our events, explore partnership opportunities and maximise your organisation’s presence. |
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| 18 September | Networking on Tap at W1 |
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Meet fellow BMCC members to unwind for the evening! Come and enjoy the comforts of a British pub and the delights of Malaysian flavours at W1's uniquely charming atmosphere.
Date: 18 September 2024 Time: 6.00 pm to 9.00 pm Venue: W1 Dining & Cocktails Target Audience: Principal or senior representatives of BMCC member companies Dress Code: Smart Casual |
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| 26 September | BMCC's CEO Insights Series presents The Story of Pewter, Passion, and Heritage |
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Find out how Dato' Yong Yoon Li started his career as a Formula 1 engineer to become the Managing Director of Royal Selangor, the premier manufacturer and retailer of pewter in Malaysia and the largest of its kind in the world.
To this day, he upholds pillars of Malaysian cultural heritage with the blended knowledge of both technical and business expertise.
Date: 26 September 2024 Time: 2.30 pm to 4.30 pm Venue: British Council office Target Audience: UK university alumni network, business leaders, senior representatives, and young professionals of BMCC member companies. |
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| 3 October | Bridging Borders: Exploring Malaysia's Private Healthcare |
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Healthcare is a universal concern that impacts everyone.
Join us for an enlightening inter-chamber healthcare session, hosted by BeLuxCham, where we delve into the dynamic landscape of Malaysia's private healthcare sector.
Date: 3 October 2024 Time: 9.30 am to 12.00 pm Venue: Auditorium, Prince Court (L1) |
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| 5 Oct | The Great British Brunch at Shangri-La Kuala Lumpur |
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Enjoy a classic British Brunch experience with delicious food, reconnect with old friends, and make new acquaintances.
Your ticket price of RM150 includes: British fry-up, Roast lamb, Smoked salmon, One (1) glass of champagne
Date: 5 October 2024 Time: 10.30 am to 12.30 pm Venue: Shangri-La Kuala Lumpur Target Audience: Business leaders, senior representatives, and staff of BMCC member companies and schools
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| 9 Oct | Through Nimisha's Eyes: The Female Digital Revolution |
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Discover how technology empowers women in The Female Digital Revolution, as author Nimisha Tailor shares insights on leadership and innovation. Engage in a Q&A and explore ways men and women can collaborate to advance the digital economy.
Register now to secure your spot!
Date: 9 October 2024 Time: 3.00 pm to 5.00 pm Venue: BMCC Office
Target Audience: Both men and women business leaders, senior representatives, and staff of BMCC member companies. |
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| 11 Oct | Leaders' Roundtable Session with AICPA & CIMA |
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Together with AICPA & CIMA, join us for a leaders' roundtable on 'Sensing and Seizing Opportunities to Lead Organisations Towards Sustainable Success' with Dr Noel Tagoe!
Save the date! More on this soon!
Date: 11 October 2024 Time: 10.00 am to 12.00 pm Venue: BMCC Office |
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| 16 Oct | Mental Health Advocacy for the Workplace and Learning Environment |
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Achieve excellence by making mental health a priority in your workplace or learning environment.
Learn expert insights from our speakers and exchange best practices with a network of seasoned academics.
Date: 16 October 2024 Time: 3.00 pm to 5.00 pm Venue: British Council Malaysia
Target Audience: Mid- to high-level representatives from academic and operations functions of higher education institutions from BMCC members; representatives from relevant private and Government stakeholders |
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| 26 Oct | MOHE-BMCC Recruitment Drive |
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Access a talent pool of bright, fresh graduates at this momentous and inspiring career fair!
We're collaborating with the Ministry of Higher Education to host forums, CV and career workshops, and interview sessions to grant opportunities to both our member organisations and prospective future leaders.
Date: 26 October 2024 Time: 8.00 am to 6.00 pm Venue: Dewan Tun Dr. Ismail, World Trade Centre, Kuala Lumpur
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| 1 - 30 Nov | ESG Horizons |
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This November, participate in BMCC ESG Horizons, our month-long initiative to support and spotlight the commitments and achievements of our members in their pursuit of Environmental, Social, and Governance (ESG) objectives.
Themed ‘Engage, Empower, Elevate‘, this year, we seek to holistically and realistically make ESG practices more accessible.
Join us as an ESG Horizon Partner!
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| 14 Nov | Economic Outlook & Post-Budget 2025 with EY |
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Join us for a high-level briefing on the National Budget 2025 and gain insights into Malaysia’s economic outlook.
Our expert speakers from both private and public sectors will cover fiscal measures, investment strategies, sustainability initiatives, and digital economy advancements. Network with professionals from diverse backgrounds and stay informed about what’s ahead for Malaysia!
Date: 14 November 2024 Time: 10.00 am to 12.00 pm Venue: TBA
Target Audience: Business leaders and senior representatives of member companies under the BMCC and other organising Chambers |
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| 29 Nov | BMCC Networking Session in Penang |
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Join us in this networking event to connect and grow your network with business professionals from the region. This is a great opportunity to forge new relationships and explore possibilities outside KL. Don’t miss out!
Date: 29 November 2024 Time: 6.00 pm to 8.00 pm Venue: TBA
Target Audience: Senior representatives of BMCC member companies, stakeholders, and partners |
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| 6 Dec | Annual Corporate Christmas Luncheon at Four Seasons Kuala Lumpur |
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Join us for an afternoon of festive networking, where BMCC members can embrace the holiday spirit and build valuable connections.
Enjoy the joy of the season while expanding your professional network.
Date: 6 December 2024 Time: 12.00 pm to 2.30 pm Venue: Grand Ballroom, Four Seasons Hotel, Kuala Lumpur |
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For more info on our events, head on over to our website with the button below. |
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| Elevate Your Presence with BMCC's Membership Directory! |
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We're calling all members to seize this opportunity to be featured in our inaugural Membership Directory - the ultimate resource for connecting with British and Malaysian organisations.
This directory will offer: - A comprehensive listing of businesses and services by sectors
- In-depth articles on industry insights and best practices
- Exclusive interviews with top executives and thought leaders
- Premium advertising space to offer prime visibility and enhanced brand recognition
- Access to 24 MILLION professionals across the British Chamber Network
For information, such as member benefits, advertising rates, and more, click the button below! |
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| The British Chambers of Commerce present the Quarterly Economic Forecast Q2 2024 |
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The BCC’s award-winning Quarterly Economic Forecast has upgraded growth expectations for 2024, with 2025 remaining unchanged, and a minor upward revision for 2026. - UK GDP growth expected to be 1.1% for the whole of 2024, 1.0% in 2025, and 1.1% in 2026.
- CPI inflation rate is expected to increase to 2.6% by Q4 2024, slightly higher than previous forecast. The interest rate is expected to be cut to 4.9% by the end of 2024.
- Exports and imports are expected to fall in 2024, while overall investment is projected to grow.
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We're thankful to the TRX City team for bringing us on a tour to learn about and witness the various facilities of and around our home at Tun Razak Exchange.
It was eye-opening and inspiring to see TRX's various sustainability initiatives, including their state of the art ESG center, eco-friendly construction practices, and open-air event spaces. |
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To find out more about TRX's dedication to the sustainability agenda, click here. |
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| BMCC Meeting with Tan Yu Chai of ECOTINT |
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Our CEO, Jennifer Lopez, and Events Manager, Sim Siew Kee recently met with Tan Yu Chai, Managing Director for one of our oldest Sterling members, ECOTINT and the Director of Laser Motor Group. We explored potential collaboration for upcoming initiatives, and look forward to working with him and his team soon. |
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| BMCC Meeting with the Canadian Chamber of Commerce in Malaysia |
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We're glad to have gotten the chance to speak with Syafeeq Asyraf Samdin, Executive Director of the Canadian Chamber of Commerce in Malaysia. Our CEO, Jennifer Lopez, and Events Manager, Sim Siew Kee, discussed future collaborations, and look forward to working with them in the coming year. |
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| Rotary Club 3300 Visits the BMCC |
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We recently welcomed the Rotary Club at our office. We discussed potential collaborations towards charitable causes and connecting them with members to further their goals of making positive differences. We thank Lim Yee Von, the CEO of Xinergee Sdn Bhd, a member of the BMCC for organising this important meeting. |
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Rotary District 3300 is a vibrant and dynamic part of Rotary International, serving the communities of Malaysia. With 84 clubs and approximately 2,000 dedicated members, this district is a powerful network of professionals and leaders committed to making a positive difference in the world.
At its core, Rotary District 3300 is dedicated to both fostering meaningful connections among its members and making a tangible impact through service activities.
Find out more about them here! |
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| National Climate Governance Summit 2024 |
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Date: 10 Sept to 12 Sept 2024 Venue: Sasana Kijang or Hybrid
Climate Governance Malaysia (CGM) is the country chapter for the World Economic Forum's Climate Governance Initiative, whose purpose is specifically to raise awareness about the top financial risks arising from the climate emergency among non-executive directors.
To learn more about the programme, click here! |
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| The Malaysia British Society Presents Invitational Charity Golf Day! |
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MBS aims to raise as much as possible for the charities they are supporting. The announcement will be made at MBS's Christmas event.
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Venue: Staffield Country Club, Seremban Date: 20 September 2024 Time: 12 pm
They will be running a System 36 format and the price includes dinner with plenty of prizes to be won. There is a dinner-only option there for those who wish to mingle without golfing! |
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| Marlborough College Malaysia Achieves British School Overseas Accreditation |
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We're excited to share that Marlborough College Malaysia (MCM) has been recognised as an accredited British School Overseas by the UK government, solidifying its position as a provider of an exceptional world-class education. Congratulations to Simon Burbury, the Master of MCM and his team on this achievement!
The BSO accreditation is widely recognised as the most prestigious and respected benchmark in international education and means that Marlborough College Malaysia provides a high-quality British education similar to that found in leading independent schools in England. Even more remarkable is that the College is the only school in Malaysia catering to students aged 3-18 with BSO recognition.
Read the full article and hear Master Simon Burbury's message here! |
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| OCS Malaysia Announces Strategic Joint Venture with Antah Group |
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Amazing news! OCS Malaysia signed a joint-venture agreement with Antah Group. This strategic partnership combines OCS’s extensive FM expertise with Antah Group’s robust local investments and market presence.
Congratulations to Roisin Quinn, MD of OCS Malaysia and her team on this achievement. |
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As the Malaysian economy accelerates, poised to become Asia’s hub for education, data centres, and manufacturing, Roland Salameh, CEO APAC, shares his enthusiasm:
“I’m looking forward to the numerous opportunities that this partnership will bring and our ability to contribute to Malaysia’s ambitious economic growth and development plans.” Together OCS and Antah Group, aim to expand our footprint in the facilities services sector and elevate the delivery of best practices and outcomes across Malaysia.
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| UK to join CPTPP by 15 December |
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Following Peru’s ratification of the UK's deal to join the bloc, the agreement will now officially enter into force by 15 December 2024. |
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The UK has secured the sixth and final ratification required to trigger our accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before the end of this year.
More than 99% of current UK goods exports to CPTPP members will be tariff-free once the deal enters into effect, helping businesses export more to CPTPP markets and contributing to the government’s priority of driving economic growth. By 2040, the agreement could boost the UK economy by around £2 billion annually.
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| MGTC | Join Training Sessions on Green Practices for the Industry |
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The Malaysian Green Technology and Climate Change Corporation (MGTC) will be hosting a series of training sessions on Green Practices for the Industry, aimed at enhancing the competitiveness of local manufacturers, producers, suppliers, distributors, and service providers to meet the demands of both local and international markets in alignment with the National Green Technology Policy.
BMCC Members are invited to the following training sessions. Brochures for each sector in the links provided:
Venue: Malaysian Green Technology and Climate Change Corporation (MGTC) Office Tentative Programme: Here
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| Universiti Malaya | The UM Research Carnival is Back! |
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Universiti Malaya is delighted to announce the return of the UM Research Carnival!
Date: 15 to 17 December 2024 Time: 9.00 am to 5.00 pm Venue: Dewan Tunku Canselor (DTC), UM |
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Objectives: - To showcase UM Research outputs and activities
- To provide a platform for researchers to network and engage with industry, society, government, and policymakers
- To stimulate multidisciplinary interactions among researchers & stakeholders
- To encourage impact-driven and societal-focused research
For sponsorship opportunities and participation, kindly refer to the attachment here.
For more details or to discuss further, don't hesitate to get in touch with them at +603 7967 7350. |
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| Banyan Tree Kuala Lumpur | Indulge in a Mid-Autumn's Golden Dream |
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Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur proudly unveil Malaysia's first mooncake packaging with Augmented Reality (AR) features in celebration of the upcoming Mid-Autumn Festival.
Teaming up with renowned Malaysian artist Jaee Tee, known for her semi-abstract art that fuses tradition with contemporary elements, and blending Western influences while honouring her Chinese heritage. Her distinctive style brings a refreshing twist to this cherished tradition.
This exclusive promotion lasts until 17 September and provides an ideal opportunity to share with colleagues, friends, or loved ones. Please note that delivery service is available for our mooncake collection and is subject to charges based on the delivery address and quantity. Fees will be determined by our delivery partner.
Find out more about their offers here!
Order online here. To place bulk orders or confirm your collection date and time, reach out to Jade Pavilion via WhatsApp at +60 10 397 7833. |
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| EQ Hotel | Enhance Your Mid-Autumn Festival with Celestial Treasure Mooncakes |
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From 15 June to 22 September, share the joy of the Mid-autumn festival with EQ's specially crafted mooncakes.
Deemed by those in the know as some of the best hotel mooncakes in Kuala Lumpur, selections for this season bring together traditional flavours and innovative new combinations designed to delight.
There are bulk buying privileges, customisation and delivery services available with a minimum purchase. For orders and inquiries, please reach out to dineateqkl@kul.equatorial.com.
Access their catalogue here! |
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| Hilton Kuala Lumpur Offers Dining Perks for BMCC Members! |
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Hilton Kuala Lumpur is extending a 20% discount off the total bill to BMCC Members!
The offer is applicable at their premium outlets, including Vasco’s (Buffet / All-Day Dining), Graze (Italian Cuisine), Chambers Grill (Steak House), and Chynna (Chinese Cuisine), including their beautiful creations for the Mid-Autumn Festival. |
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Members can enjoy the discount at participating outlets from 1 July - 31 December 2024.
Terms & conditions for the offer are: 1. 20% discount on total bill (excluding alcoholic beverages) applicable with a minimum spend of RM150.00 nett in a single receipt. 2. This discount cannot be combined with any other offer, promotion, or discount, including Hilton Honors benefits 3. Prior reservation is required as the offer is subject to black-out dates. Members must present the EDM/Newsletter received with the offer messaging prior to dining in. 4. Applicable for dine-in only.
Find out more and book here! |
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| Hilton Kuala Lumpur | Get Premium Mooncakes this Mid-Autumn Festival with an Exclusive Discount! |
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Share stories, laughter, and savour heartfelt reunions. This Mid-Autumn, celebrate tradition with those who matter most with Hilton Kuala Lumpur's premium handcrafted mooncakes designed by local artist Jaemy.C.
Hilton Kuala Lumpur is extending a 20% discount off the total bill to BMCC members, which is applicable to their beautiful creations for the Mid-Autumn Festival.
This premium series is available from 1 July to 17 September 2024.
Click here for more information! |
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| Halal Development Corporation | Join the World Halal Business Conference 2024 on 17 Sept |
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On behalf of our member, the Halal Development Corporation (HDC) We're delighted to extend the following invitation to the World Halal Business Conference (WHBC) 2024, Kuala Lumpur, in conjunction with MIHAS 2024.
Join and gain valuable insights from industry experts with a Thought Leadership Session themed "Building A Sustainable Future Through Halal Economy".
Date: 17 September 2024 Time: 2.00 pm Venue: MITEC, Kuala Lumpur
WHBC is highly regarded by the global Halal fraternity as the exclusive platform for pioneering Halal thought leadership and knowledge of the Halal economy. This year will see the convergence of Heads of Government, industry and trade leaders, policymakers, scholars, researchers and subject matter experts to collectively deliberate on the new borderless world that offers unlimited prospects to the Halal ecosystem and presents boundless opportunities for the global Halal industry. |
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| IGBIS Open Day on 20 September |
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Visit IGB International School (IGBIS) Open Day and explore their exceptional Early Years and Primary Years Programme (PYP).
Save the date! Date: 20 September 2024 (Friday), Time: 1.30 pm - 4.00 pm |
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They believe in nurturing inquisitive minds and fostering a love of learning through exploration and curiosity in a global, supportive environment. From their exceptional Early Years Programme to the world-renowned PYP, they provide a foundation that sets your child up for lifelong success.
Meet their Head of School, Dr Gregory Brunton, engage with our passionate educators, tour our state-of-the-art facilities, and witness how they prepare their young learners to be world-ready from day one.
Register now to discover the best start for your child’s education. They're looking forward to welcoming you to their Sierramas campus. |
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| Ricardo | Job Posting - Recruiting Key Account Manager for ADB |
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On behalf of our member, Ricardo plc, we would like to help amplify their call for a Key Account Manager for The Asian Development Bank (ADB). They are offering a flexible, permanent role, based in Manila.
For more information on this career opportunity, click here! |
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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, Lingkaran TRX, Tun Razak Exchange, 55188 Kuala Lumpur Copyright © BMCC 2024 |
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