BMCC Newsletter Issue #386 - (8 January 2024)
Dear Subscriber, |
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CPTPP Grows Malaysia's FDI in 3Q MITI Minister Reports Benefits in Reduced Trade Barriers |
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Malaysia has experienced a surge in foreign direct investment (FDI), reaching RM914.9 billion by the end of the third quarter of 2023, with a significant contribution from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). |
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Malaysian Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted a cumulative FDI increase of RM14.9 billion, with notable rises from CPTPP member nations Japan and Australia. The services sector emerged as the largest recipient of FDI (50%), followed by manufacturing (42%).
Zafrul encouraged Malaysian businesses to leverage the CPTPP's multilateral benefits, emphasising that opportunities in sectors like professional services, construction, and financial services would greatly benefit.
It was also underlined that the CPTPP's impact on trade facilitation would enable Malaysian exporters to benefit from preferential tariff treatment. He noted that Malaysia's total exports to CPTPP countries showed growth in various sectors, with expectations of further expansion as countries progressively eliminate duties.
The minister emphasised the CPTPP's role in reducing trade barriers, particularly in e-commerce, allowing businesses and consumers easier access to online trading with other member countries.
Additionally, Zafrul highlighted provisions for government procurement (GP) under the CPTPP, offering Malaysian businesses equal opportunities to bid for projects in member countries such as Mexico, Peru, and Vietnam.
The agreement also recognises the importance of SMEs and supports their growth through initiatives like information sharing, digitalisation, and intellectual property rights protection.
Zafrul emphasised ongoing reviews of the CPTPP to address current economic, ESG, and geopolitical developments globally, with a commitment to promoting and safeguarding Malaysia's interests in all free trade agreements.
We're thrilled that the CPTPP has successfully proven to be beneficial to the economic welfare of our country and look forward to further developments.
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| LAST CALL! Toast to the New Year with BMCC! |
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Last call to join us tomorrow for our New Year's Drinks, a celebration to welcome the dawn of a promising year together!
Date: 9 January 2024 Time: 5.30pm - 8.30pm Venue: Royal Selangor Visitor Centre Celebrating with us are Her Excellency Ailsa Terry, the British High Commissioner to Malaysia, Mark Arthun, Chair of BMCC, and fellow BMCC Members. |
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We look forward to kickstarting 2024 by fostering friendships, building bridges, and making powerful connections within our thriving business network. We can't wait to see you there!
Secure your spot by registering here. |
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| Reminder to Renew Your BMCC Membership |
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As we journey into 2024, we kindly remind those who have yet to renew their membership to seize the opportunity. Lots of upcoming events, engaging committee involvement, platforms to elevate your company brand and visibility as well as networking opportunities await you.
To renew your membership or check your current status, please do not hesitate to reach out via email to membership@bmcc.org.my. Your prompt action ensures seamless participation in upcoming events and access to exclusive opportunities throughout 2024. We look forward to assisting you in maintaining your active involvement within our vibrant community. |
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| Welcome our New Member, Kvalito! |
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Founded in 2013 in Switzerland by Magdalena Kurpierz, KVALITO delivers SMART Life Science services globally. We matured into a strategic partner and global Life Science network for regulated industries with a focus on Quality. Our management and consultants have amassed decades' worth of experience in Life Science and Health Care Fortune 500 companies. |
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| Welcome our New Member, FUSA Experts |
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FUSA Experts is a complete Technology Solutions Provider servicing clients Worldwide. We provide end-to-end functional safety services and solutions for companies about to enter the electric vehicle market. FUSA Experts was created in 2022 as a joint venture to support the development of quality and safety-critical systems based on ISO 26262 and IEC 61508. Our key offers are safety and quality development, process improvement, technical concept development, risk analysis, coaching and technical training. |
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| Welcome our New Member, Vision-One Multimedia! |
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Vision-One Multimedia provides a range of services to various industries. Their suite of services includes AV Installation and Integration, AV programming and control systems, AV design-build and engineering, Video conferencing and project consultation. |
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| Meeting with the Chair and Deputy Chair for our Healthcare Committee |
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This week, we met with BMCC's Healthcare Committee Chair and Deputy Chair: Shirley Loh, Regional Managing Director for Asia-Pacific, Owen Mumford and David Lin, Director, Communications, Government Affairs, Strategic Customer Solutions & HIV Business Unit of GSK Malaysia and Brunei. |
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It was great connecting with them to initiate discussions about our plans for the year with the BMCC Healthcare Committee. Stay tuned for some thrilling developments!
If you're a BMCC member in the Healthcare sector and would like to be part of the BMCC Healthcare Committee, feel free to reach out by emailing Louis@bmcc.org.my. |
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| DOSM Speaks on Malaysia's GDP Growth in 4Q and PADU |
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Malaysia is poised to meet its 2023 gross domestic product (GDP) growth target of 4%-5%, according to the Department of Statistics Malaysia (DOSM), according to Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin. |
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He highlights that the traditionally robust consumer spending sentiment in the fourth quarter (4Q) of the year will contribute significantly to GDP growth. Consumer demand is a substantial GDP component, and he expects that it will drive growth, particularly with increased spending on back-to-school, year-end, and festive items during 4Q.
Mohd Uzir indicates a positive economic trend based on October's industrial production index, which showed growth in the mining, electricity, and manufacturing sectors. Malaysia's trade surplus in October reached RM12.87 billion, marking the 42nd consecutive month of surplus since May 2020.
Additionally, the country's unemployment rate in October declined to 3.4%. The DOSM chief expressed confidence that Malaysia's economic growth for 2023 is in alignment with the government's planned target.
Moreover, Bank Negara Malaysia has reported a 3.3% growth in Malaysia's economy in 3Q, with an overall expansion of 3.9% in the first three quarters of 2023. |
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PADU was designed to be a national database of socio-economic information for every household in Malaysia. It is to provide regular analytics with a comprehensive store of data that updates in "near real-time".
The development of PADU is intended to allow for data-driven policymaking and decision-making, while also enabling targeted policy implementation.
The DOSM plans to conduct engagement sessions with state government leaders to ensure broad participation, particularly in rural areas, where positive feedback has been received, aided by the Information Department's efforts.
We're excited to see how PADU will transform how the Malaysian government supports the country. |
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| British High Commission | ASEAN Skills Mission on 15 to 16 January |
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You're Invited!
Join the ASEAN Skills Mission in Malaysia on 15th-16th January 2024 for your access to how UK skills can contribute towards the futureproofing of Malaysia's workforce.
This event will showcase the UK's expertise in strengthening of the professional and technical skills sector in Malaysia through workshops, business matching and engagement with public and industry stakeholders.
This event is complimentary. To reserve your place now, click here! |
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| BSI Malaysia | 2024 Training Schedule |
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Start your 2024 training plan with our training courses today! Training courses are HRD Corp Claimable Courses.
Download the 2024 training schedule and course catalogue now here! |
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| Marlborough College Malaysia | Singapore Admissions Event |
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Discover a world-renowned Marlborough College Education at the Singapore Admissions Event!
Date: Tuesday, 16 January 2024 Time: 5.30pm - 7.30pm Venue: The British Club, Singapore |
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| Marlborough College Malaysia | Join Us For an Admissions Open Morning |
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Attend Marlborough College Malaysia's Admissions Open Morning and discover a world-renowned education!
Date: Saturday, 20 January 2024 Time: 8.30am - 12 noon. Venue: Marlborough College Malaysia |
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| Marlborough College Malaysia | Join an Online Admission Evening! |
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Discover Marlborough College Malaysia online!
Event: Admissions Online Evening Date: Thursday, 25 January 2024 Time: 5.30pm - 6.30pm Venue: Online |
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| Tex Cycle | Watch CEO Gary Dass Talk on the FAQ Show! |
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Congrats to our valued member Mr. Gary Dass, CEO of Tex Cycle Technology M Bhd, on his talk with the FAQ show about the company’s journey, Waste Management’s approach to M&A, the business segments the company is looking into outside its core business and his outlook for the coming year.
To hear his insights, click here! |
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| XCL Education | Sri KDU Kota Damansara | Don't Miss the Watoto Children's Choir from Uganda |
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Exciting News! The vibrant music of Watoto Children’s Choir from Uganda is making an exclusive stop at Sri KDU Schools, Kota Damansara campus! As part of their Southeast Asia tour, these incredibly talented young singers, aged 10-13, will bring their energy and passion to our students through interactive Music and Dance workshops. |
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But here's the best part! We cordially invite you to join us for an enchanting concert featuring the Watoto Children’s Choir. Event Details: Date: Tuesday, 16 January 2024 Time: 4.30pm - 5.45pm Venue: Sri KDU Schools Primary Hall Tickets: RM30.00 (Adult); RM15.00 (Child) You can purchase the tickets and support Watoto by completing this form: And that's not all! Every single penny raised from this concert will directly support Watoto, an extraordinary charity with a mission to empower orphaned children and vulnerable women across Uganda and South Sudan. For further details, feel free to reach out to Ms Moreton (Head of Performing Arts, Sri KDU International School) at a.moreton@srikdu.edu.my Let's come together for an unforgettable experience and make a meaningful difference in the lives of others. |
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| XCL Education | Sri KDU International School Subang Jaya Open Day |
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An excellent opportunity for you and your children to discover the unique education experience offered and see first-hand the top-of-the-line facilities.
Date: 13 January 2024, Saturday Time: 10.00 am to 2.00 pm |
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Special waiver for in-event registrations.
Explore our purpose-built school and discover true British values education at Sri KDU International School, Subang Jaya.
Don't miss out on this opportunity - see you there! For any inquiries or further information, please feel free to contact our Admission Team at 03-5036 8900 or via email at info.subang@srikdu.edu.my. |
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| XCL Education | REAL Schools Shah Alam Open Day |
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Date: 20 Jan 2024, Saturday Time: 9.30am to 2pm
Speak to our passionate educators. Explore our innovative curriculum and the wide range of extra-curricular activities we offer. |
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Find out about our unique leadership programme.
For further information, please feel free to reach out to our esteemed Admission Team. You can contact us at 03-7842 3228, reach us via WhatsApp at 010-378 9050, or send us an email at enquiry_sa@real.edu.my. |
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| CMI | Navigating Success: The Power of Purpose and Direction in Leadership |
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The CMI Malaysia Regional Board is delighted to invite management professionals in Malaysia to our first in-person event of 2024, on 30th January from 5pm at the Element Hotel Kuala Lumpur.
This session will explore the power of providing purpose and direction in effective management and leadership, and will feature the sharing of key insights and an overview of the benefits of purpose-driven leadership. The session will be followed by drinks, a light buffet and networking, but places are limited so early booking is advised.
For more info / To book your place now here! |
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| IGB International School | IGBIS Scholarships 2024/25 |
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IGBIS Scholarships 2024/25: life-changing opportunities with us!
IGB International School (IGBIS) extended to provide full academic scholarships and outstanding achievement partial scholarships. - IBDP & IBCP Full Academic Scholarships for Grades 11 & 12
- Outstanding Achievement Partial Scholarships for Grades 6 - 11
The scholarship application closes on 29 February 2024. |
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Find out more at our scholarship page. Be part of an educational journey that shapes futures and nurtures excellence at IGBIS!
IGB International School having 35 student nationalities, with state-of-the-art facilities and 92% of expatriate IB experienced teachers, is the only complete 4 IB continuum programme in Malaysia. |
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| JLL | Research on The Cold Storage Opportunity in Asia Pacific |
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JLL is delighted to share their latest research on cold storage, "Cold chain unlocked: The cold storage opportunity in Asia Pacific".
Cold storage facilities will continue to present a compelling long-term investment opportunity in the Asia Pacific, supported by an ability to deliver resilient and stable returns and generate higher rental rates than other asset classes.
Download the report here to read more! |
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| Prince of Wales Island International School | Join the Student Leadership Conference |
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Dear BMCC Members, We invite you to support our member Prince of Wales Island International School as a business mentor at the Federation of British International Schools in Asia (FOBISIA) Student Leadership Conference 2024. They are looking for 40 mentors, from CEOs, C minus one level, Head of Departments, and Business entrepreneurs) to participate in this amazing initiative.
All they need is your commitment of 1-day: 2 February 2024; 10am - 6pm. Lunch and dinner are provided. |
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As a business mentor, you will be guiding teams of students to prepare their plans and solutions for a business-like challenge with a modest budget. Your leadership and business acumen can inspire innovative problem solvers, contributing to meaningful social change. No geography knowledge needed.
*More info about the conference can be found on the flyer. Please contact |
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| Stonyhurst International School | Open Day on 20 Jan |
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Open day is a great opportunity for you and your family to discover more about life at Stonyhurst. The event will include a welcome and presentation from the Head of Schools, a full tour of our campus with refreshments, and an opportunity to meet key staff with plenty of time to ask any questions you may have.
Date: 20 January 2024 Time: 10.00am - 12.00 noon Sign-up for the Open Day to find out more. |
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| Learning Curve Group | Navigating the Global Healthcare Revolution |
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With over 150,000 vacancies in the health and social care sector in the U.K, it's crucial to address the global healthcare challenges that are intensifying this shortage. And a Skills for Health Report tells us that within the next 10 years, we will need to fill almost 500k vacancies to keep up with our aging workforce and population. The demand for qualified personnel worldwide is outpacing the available workforce, making effective training a key factor in addressing this challenge.
This webinar is designed for individuals seeking to enhance their employability prospects within the U.K. and globally. Organisations within in the healthcare and education sectors will also benefit as we delve into skills solutions to tackle the pressing issue of workforce shortages.
We are delighted to have industry experts sharing their insights, including DR Ram Senasi MRCS FRCR, Consultant Paediatric and Neonatal Radiologist (or simply Ram, as he prefers), Steve Morris LCG's Group Commercial Director and training and employment solutions specialist, and Craig Wade, Senior Health, Science and Social Care Manager from the awarding organisation NCFE; who, together, will bring a wealth of knowledge about the industry.
Click here for more information and to register! |
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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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