BMCC Newsletter Issue #363 - 24 July 2023 Dear Subscriber, |
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Exciting News: Malaysia Will Actively Issue the Strategic Investor Pass and Broaden the Digital Nomad Professional Visit Pass Scope |
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In a move to bolster Malaysia's position in the Asian economy and enhance its attractiveness as a global investment hub, Prime Minister Datuk Seri Anwar Ibrahim has announced it will actively issue the Strategic Investor Pass (SIP). This pass will enable identified strategic investors, as recognised by the Malaysian Investment Development Authority (MIDA), to enter Malaysia on a multiple-entry basis.
The SIP initiative allows strategic investors to stay in the country for a minimum of five years, with the possibility of extending their stay for an additional five years. This long-term facilitation aims to provide investors with the stability and flexibility they need to make substantial contributions to Malaysia's economic growth.
Additionally, in a related development, two months ago, the government granted Bank Negara Malaysia full authority in determining the entry of professionals into the country. This move further underscores Malaysia's dedication to creating an environment conducive to attracting top talent and fostering economic prosperity.
In another progressive step, the government is broadening the scope of the Digital Nomad Professional Visit Pass to encompass manufacturing-related skills. Professionals such as electrical and electronics (E&E) and integrated circuit (IC) designers will be eligible to relocate to Malaysia and engage in freelance work for up to two years.
These remarkable initiatives are poised to attract a diverse pool of investors and skilled professionals, fostering innovation and prosperity for Malaysia's economy. As the nation embraces the opportunities of the future, it solidifies its position as a sought-after destination for international investment and talent. The government's vision for a thriving and dynamic Malaysia is undoubtedly taking shape, paving the way for a brighter economic landscape in the years ahead. |
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| Member's Engagement | ASCARO Padel & Social Club |
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Last week, BMCC's Executive Office and Member representatives had a blast at a game of Padel, hosted by our newest member ASCARO.
ASCARO offers an unparalleled elevated padel experience, boasting high-end downtown courts and an exclusive clothing brand. With rooftop courts in both downtown Stockholm and Kuala Lumpur, ASCARO brings the excitement of padel to the heart of the city.
Padel is a fusion of tennis and squash, played on a court with walls at each end and a net in the middle. The sport originated in Mexico in 1969, and its UK presence began in 1992 with the British Padel Association, now known as LTA Padel. In 2011, the first UK padel courts were built, leading to the sport's popularity. By 2019, there were 40 public courts in the UK, with steady growth anticipated.
BMCC Members who are keen to give this thrilling sport a try, or better yet have a social event at ASCARO, can reach out to us for more info. |
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| Members Engagement | Advance HE In Partnership With Sunway University Launched The Senior Fellows Network |
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Advance HE in partnership with Sunway University hosted a celebratory launch for The Malaysian Senior Fellows Network, a tribute to the country’s growing wealth of excellence in teaching and learning practice.
We are proud to be part of the launch, which aims to build a community of like-minded professionals who are committed to providing quality education to students and are on an ongoing journey of teaching excellence. The Fellowship scheme is a globally-recognised marker of commitment to professionalism, and a recognition of practice, impact, and leadership in teaching and learning.
The launch was attended by Asyraf Shahar, BMCC's Public Affairs & Government Relations Officer.
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| Meet Our New Member, ASCARO Padel & Social Club |
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ASCARO stems from a vision to bring exciting elements back into padel. To find and to be the core of padel. Founded in Stockholm, inspired by how padel makes you feel, inside and out, ASCARO was born. A game with a rich history that quickly became popular around the world. Adding style and city pulse to a sport that already makes our hearts beat, we take padel to another level.
Early this May, they officially opened their courts to all padel enthusiasts in Kuala Lumpur! A first of its kind in the city, they brought this new and exciting attraction to KL’s sports and entertainment scene. Alongside the four high-end courts are ASCARO’s own clothing brand and a fully-equipped gym from the official Olympic supplier, Eleiko. To complete the experience, their rooftop bar and restaurant, PALOMA promises to offer a delightful array of Mediterranean cuisine and cocktail concoctions on the wooden deck.
Visit ASCARO at the rooftop of 1Utama (New Wing). Their doors are open to anyone who wants to play padel, organise events, or simply socialise and have drinks at the roof deck. |
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| Meet Our New Member, Fusionbrand |
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Established in Kuala Lumpur, Malaysia in 2003, Fusionbrand is Asia’s leading customer-focused brand consultancy. In the social economy, where consumers not companies define brands, Fusionbrand understands better than most that companies can no longer waste time, effort and money on unfocused, expensive customer acquisition strategies built around corporate-driven messages advertised repeatedly across all media in the hope that they will stick.
Whether business-to-business, business-to-consumer, or government-to-citizen, they will help you focus on what your customers want based on the belief that, to be successful, a brand must deliver economic, experiential, and emotional (and increasingly social) value at all times, at all touchpoints and on customer terms. |
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| MDEC | Malaysia Digital Acceleration Grant 2023 is Now Open Until 28 July |
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Application for the Malaysia Digital Acceleration Grant (MDAG) 2023 is now open until July 28.
MDAG aims to accelerate the growth of digital and technology companies in the commercialisation and expansion stages with the Malaysia Digital (MD) status to become regional champions.
The quantum of the funding period is up to three (3) years. The allocated incentive amounts are:
- Local Owned Company: Up to 70% of total cost or up to RM5 million whichever is lower.
- Foreign Owned Company: Up to 70% of total cost or up to RM5 million whichever is lower. For companies officially registered and currently operational in Malaysia.
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| MPC | Participate in the National Dual Training System |
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The National Dual Training System is a unique initiative aimed at fostering collaboration between local and international companies. It provides a platform for knowledge transfer, skill development, and cross-cultural understanding. By joining the programme, your company will gain access to a pool of talented Malaysian trainees who are eager to learn from industry leaders like yourselves. Here are some of the key benefits: 1. Access to highly motivated and skilled trainees. 2. Cross-cultural exchange. 3. Strengthened international presence. Interested organisations can click here to register.
Alternatively, you can email the team, for further details and to discuss how they can tailor the programme to meet your specific needs. |
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| Talentcorp | Life At Work Awards 2023 is Now Open For Submission |
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The LIFE AT WORK AWARDS 2023 (LAWA) by Talent Corporation Malaysia (TalentCorp) is now open for submissions.
Themed "A Celebration Of Diversity, Equity & Inclusion At The Workplace," the award celebrates the outstanding achievements in creating diverse, equitable, and inclusive workplaces across Malaysia, regardless of organisation size or sector.
Seize this opportunity to proudly showcase your organisation's remarkable accomplishments and notable efforts in fostering an inclusive work environment.
Need help with the submission? Click here to register for a session between 26 July and 2 Aug, from 10.00 - 11.00 am, for assistance. For queries, please contact Anna Suppiah or Ramzi Bustami. |
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| Datuk Seri Salahuddin Ayub, Malaysia's Domestic Trade and Cost of Living Minister Passed Away on 23 July |
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We are deeply saddened to announce the passing of Malaysia's Domestic Trade and Cost of Living Minister, Datuk Seri Salahuddin Ayub on 23 July. Salahuddin, was a Pulai member of Parliament and a member of the Simpang Jeram constituency of the Johor State Legislative Assembly. May his legacy of service and commitment to the nation be remembered and cherished. |
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| ACCA | Sign Up and Get Exclusive Offer to the Technical Symposium 2023 |
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Themed “Embracing Sustainability in Financial Reporting, Tax, and Audit,” the virtual ACCA Technical Symposium 2023 will bring together experts to provide you with the latest and most important technical developments in corporate reporting, tax, and assurance to give you a comprehensive update within a day focusing on global and local developments in both Malaysia and Singapore.
Date: 21 September 2023 Time: 9.00 am - 5.00 pm CPD Points: 7.0 units
Exclusive Offer for BMCC Members: Take advantage of a 10% discount off the published public rate. Use the code "PartnerTS" during registration to enjoy this special offer. |
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| Heriot-Watt University Malaysia | MBA Preview |
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Join the online event to empower tomorrow's leaders! Explore Heriot-Watt University Malaysia's impact on the business world.
On 2 August 2023, from 6.00 pm to 7.30 pm, you can discover MBA opportunities and success stories. Gain insights, engage with professionals, and unlock your potential with HWUM! The speakers are Dr. Jay Wasim, Head of Business and Management and Dr. Melissa W. Migin, Programme Director of MBA at Edinburgh Business School.
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| Heriot-Watt University Malaysia | Open Day in August |
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Discover your future at Heriot-Watt University Malaysia! Join their Open Day on 5 and 6 August and explore their top-notch academic programmes, cutting-edge facilities, and diverse learning community. Engage with renowned faculty, experience the vibrant campus life, and be inspired to pursue your passions.
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| Tex Cycle | The company whets appetite for M&A |
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Exciting news from Tex Cycle Technology (M) Bhd!
The ACE Market-listed scheduled waste recycling company is actively pursuing mergers and acquisitions (M&A) opportunities, thanks to their new substantial shareholders, Keh Chuan Seng and Lee Hai Peng.
CEO Gary Dass is optimistic about sealing their first major deal this year. The new executives have a strong appetite for business growth, aiming for better profits through organic expansion and M&A as part of their long-term plan.
Click here to read more about Tex Cycle's plans and what their key management personnel has to say. |
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| Universiti Malaya | Asia-Pacific Society for Artificial Organs (APSAO) 2023 Congress |
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Universiti Malaya and The Asia-Pacific Society for Artificial Organs (APSAO) are organising the APSAO 2023 Congress from 25 to 27 September 2023. Themed 'Making breakthrough via multidisciplinary approach,' the event aims to bring together professionals from diverse fields, including cardiothoracic surgeons, physicians, engineers, computer, and biomaterial scientists working in the area of cardiovascular, respiratory, and renal support systems.
The event covers four main themes in the fields of cardiovascular, respiratory, and renal support systems: - Patient management
- Design, development, evaluation, and clinical translation
- Digital health and numerical simulation
- Biomaterials and tissue engineering
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| Informed Solutions | 5th GRCCS International Conference & Exhibition 2023 on Business Continuity Management |
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Don't miss this flagship event on digital transformation and AI for organisational resilience organised by Informed Solutions' partner GRCCS and supported by The Business Continuity Institute (BCI), for business continuity practitioners as well as risk managers and corporate leaders from around the world.
Informed Solutions will be keynoting on “Digital Transformation and Artificial Intelligence for Organisational Resilience.” Drawing on experiences from data science-led programmes in healthcare, land, environmental asset management, and policing, the focus will be on AI as a transformational technology, representing the next phase of digital transformation.
Learn how AI enables us to extract invaluable insights and value from data sources, empowering decision-makers to tackle the most significant challenges faced by organisations, society, the environment, and global economies. Date: 31 July - 1 August 2023 Venue: Pullman Kuala Lumpur City Centre
Click here for more info and to secure your spot now! |
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| Invest Selangor | 7th Selangor International Business Summit 2023 |
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The 7th Selangor International Business Summit (SIBS) will be held from 19 - 21 October 2023. SIBS has stamped itself as the main definitive platform for industries to expand opportunities into new markets in Malaysia and ASEAN.
Over the years, SIBS has shown tremendous progress and become the event of choice for industry players not only in Selangor but also in the whole of Malaysia.
Held at the prestigious Kuala Lumpur Convention Centre, SIBS 2023 comprises many components under one roof, namely Selangor International Expo (F&B), Selangor International Expo (Medic), Selangor Industrial Park Expo, Selangor ASEAN Business Conference, Selangor Smart City, and Digital Economy Convention and Selangor R&D and Innovation Expo. All components are carefully curated to benefit the industry players in all aspects of their businesses.
Interested to visit or exhibit? Click here now for more info. |
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| Turner & Townsend | International Construction Market Survey 2023 |
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Turner & Townsend's international construction market survey was recently launched in 42 countries across the globe!
The 2023 report reveals immensely challenging construction market conditions driven by a turbulent global economy. While heat is coming out of some markets, opportunities are emerging for others.
Click here to access the report to see the full dataset and read their analysis of the changing global economic and construction landscape. |
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| Learning Curve Group | Transforming Lives Through Learning Globally |
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The Learning Curve Group is one of the largest and most recognised training providers in the UK and they are now operating in KL/Malaysia with clients across Asia Pacific and the Middle East.
The group are looking to connect with stakeholders in the Education, Skills Development, Learning & Development, and EdTech sectors. Their proposition is essentially split into: - EdTech
- Resources and content development
- Flexible and 100% online (L2 & L3) qualifications and CPD courses
- All qualifications are awarded and accredited by the UK awarding bodies
- Safeguarding App to support staff and students in identifying and supporting safeguarding and wellbeing issues
Click here to learn more about their service offerings and potential for collaboration/partnerships. |
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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) E04C0, 4th Floor East Block, Wisma Golden Eagle Realty, 142-B Jalan Ampang, 50450 Kuala Lumpur Copyright © BMCC 2023 |
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