Dear Subscriber,

The Malaysian Government has committed to accelerating the implementation of three key initiatives — the New Industrial Master Plan (NIMP), the National Energy Transition Roadmap (NETR), and the Hydrogen Economy and Technology Roadmap (HETR), to achieve net zero carbon emissions by 2050. Minister of Natural Resources and Environmental Sustainability, YB Tuan Nik Nazmi Nik Ahmad announced that new policies, including the National Climate Change Bill (RUUPIN), will also be fast-tracked to meet this ambitious target.

This decision was made during the 5th Meeting of the National Climate Change Action Council (MTPIN), chaired by Prime Minister Datuk Seri Anwar Ibrahim. The council also agreed to form a National Decarbonisation Committee to oversee the implementation of these initiatives.

YB Tuan Nik Nazmi presented three key papers to MTPIN, outlining the nation's net zero greenhouse gas (GHG) emission target for 2050, derived from the Nationally Determined Contributions (NDC) Development Direction and Action Plan, and the Long Term Low Carbon Development Strategy (LT-LEDS). The council approved the National Climate Change Policy 2.0 to support these efforts alongside initiatives such as the RUUPIN, the National Adaptation Plan, and the National Carbon Market Policy. Other matters discussed include plans for the Malaysia Pavilion at the 2024 United Nations Climate Change Conference in Baku, Azerbaijan, and COP-30 in Brazil in 2025.

Financial sector responses to climate change were also highlighted by Bank Negara Malaysia and the Securities Commission, led by the Joint Committee on Climate Change (JC3). This initiative reflects the government’s comprehensive approach to reducing GHG emissions, building resilience against climate change effects, and promoting sustainable, low-carbon development.

Additionally, YB Tuan Nik Nazmi shared insights from his recent visit to Bangkok, where he met with Thai Deputy Prime Minister and Minister of Natural Resources and Environment, General Phatcharavat Wongsuwan. The Thai government expressed support for Malaysia's 2025 ASEAN chairmanship and agreed to collaborate on carbon market mechanisms.

This commitment to accelerated action underscores Malaysia's dedication to addressing climate change and fostering a sustainable future.

BMCC commends and supports the Malaysian Government's accelerated approach towards achieving net zero emissions. We recognise the importance of these measures for sustainable development and are actively promoting dialogue and collaboration through our BMCC Sustainability Network. 

We encourage all BMCC Members interested in advancing these crucial conversations to join our BMCC Sustainability Network, to collectively share expertise and drive action towards a greener future. Please contact Yoong@bmcc.org.my for more info.

Leading companies with expertise in sustainability in the construction and property industry are coming together to share best practices and valuable insights in Green Building management, compliance, design, and incentives.

For our fifth edition of the BMCC Excellence Showcase Series, our esteemed members, PwC, Knight Frank, and HL Design Group, will help you navigate investment incentives and grants from the Malaysian government, obtaining and maintaining green building certifications and standards, and incorporating ESG principles.

Date: 25 June 2024

Time: 2 pm to 4.30 pm

Venue: Knight Frank Malaysia, Level 10, Menara Southpoint, Mid Valley City, Medan Syed Putra Selatan 59200 Kuala Lumpur

Join us at this Showcase and discover how your business can achieve sustainability goals.

*For more information, contact Yoong@bmcc.org.my

Join us as we explore the wide range of services and programmes that the TalentCorp Group of Companies offer to both local and foreign talents.

Date: 27 June 2024

Time: 10 am to 12 pm

Venue: BMCC Office @ Menara IQ

Find out how your organisation can benefit from major initiatives like the Insentif Latihan Amali (ILHAM), Residence Pass-Talent (RP-T), Career Comeback Programme, and the MYNext graduate programmes.

The BMCC and our Talent Network call for industry input! In collaboration with Bina Bakat and the Malaysian Government, through the Malaysia Productivity Corporation (MPC), the BMCC is collecting industry input via the Malaysian Industry Talent Survey to understand its members' talent issues and requirements. 

The objective is to identify our members' talent issues, gaps, requirements, and key areas of intervention and assistance required. 

The industry input received will serve as policy input for the Government to advocate for business-friendly policies in terms of talent development and retention. 

The survey will be available till 30 June 2024.

The BMCC is proud to announce our support of ENERtec Asia 2024, Southeast Asia's premier event dedicated to ESG and energy transition. ENERtec Asia 2024 is set to revolutionise the industry by providing sustainable solutions and opportunities to global businesses

Date: 26 - 28 June 2024

Venue: Kuala Lumpur Convention Centre (KLCC), Malaysia

Attend the leading platform that brings together industry leaders, innovators, and policymakers to explore sustainable practices, cutting-edge technologies, and collaborative initiatives driving the region's energy transition towards a low-carbon future.

Join us for an exclusive healthcare workshop focused on the latest trends, challenges, and opportunities in Malaysia's private healthcare sector.

A distinguished panel of medical experts will share insights on:

This engaging session is followed by a session of Networking and Refreshments at the BMCC Office, Menara IQ, TRX.

This is an amazing opportunity for Joint Chamber networking over drinks and light refreshments.

We look forward to your participation!

For the event agenda and to register, click the button below!

The event featured insightful presentations by Emmanuel Hervé, Wan Muqtadir Wan Abdul Fatah, and Seak Moon Chen, followed by an engaging roundtable session that sparked spirited discussions among all participants.

The speakers explored issues and challenges in companies transitioning toward carbon neutrality and presented solutions through the roundtable discussion and adherence to the standards handily prepared by BSI. They delivered presentations on debunking myths surrounding carbon, the nuances of ESG regulations in APAC regions, and addressed the demand for transparency, accountability, and responsible business practices.

In discussions to drive carbon neutrality and ESG excellence in alignment with the UN's Sustainable Development Goals, the roundtable yielded suggestions including shifting to a top-down approach, adjusting frameworks for ministries and agencies, and monitoring the development of relevant technologies.

We're glad to have organised this session with BSI, to aid and accelerate the sustainability journey of many organisations.

Click here for more photos from the event!

If you are a BMCC Member looking to join the sustainability conversation via the BMCC Sustainability Network, please contact Yoong@bmcc.org.my.

The Malaysian Green Technology and Climate Change Corporation (MGTC) will be hosting a series of training sessions on Green Practices for the Industry. The programme aims to enhance 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.

 

These training sessions will delve into the significance of sustainable practices within the industry, emphasising their role in promoting environmental and social responsibility.

This 1-day training course focuses on developing local companies and entrepreneurs embarking on green businesses. The course will guide participants through the process of assessing green practices, focusing on key sustainability indicators relevant to organisation operations and facilitating the development of green products and services including standard requirements, regulation compliance, and access to financing facilities on green practices.

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

Registration Form: Here

Epsom College in Malaysia (ECiM), the sister school to the prestigious Epsom College in Surrey, upholds the 200-year heritage and legacy to provide a quintessentially British boarding experience, broadening children's horizons with an overseas education at the heart of a fast-growing Asia.

In these taxing times, when education accessibility is more important than ever, hear from renowned educational leaders - Head of Epsom College UK, Sir Anthony Seldon and Headmaster of Epsom College Malaysia, Matthew Brown and understand the opportunities for your children in a globally awarded British boarding school.

Guarantee your child's education, register for our upcoming webinar!

ZOOM Webinar

Saturday, 22 June 2024 | 10.30 am UK (BST)

Register Now 

For further enquiry, reach out to events@epsomschool.com

The Malaysian Institute of Accountants (MIA) will be organising a special forum on e-Invoice Implementation: A Forum for Finance Leaders to address issues faced by finance professionals in e-Invoice implementation and share practical information on their role in the implementation.

Date: 4 July 2024

Time: 9 am to 5 pm

Venue: Sheraton Petaling Jaya Hotel

 

Kindly click HERE for a copy of the flyer.

 

The BMCC is proud to be supporting this event, and BMCC Members get to enjoy MIA member rates. See you there!

TraTax was also featured in an article with the Inland Revenue Board of Malaysia discussing the benefits of e-invoicing. Read the article here.

Get ready for the Malaysian International Food & Beverage Trade Fair, courtesy of our member Constellar Exhibitions Malaysia. 

MIFB is a dynamic trade fair that aims to inspire your business, spark innovation, and drive transformation within the F&B industry. Elevate your F&B venture, empower your innovations, and enable a brighter future at MIFB 17 – 19 July 2024.

Register now and reserve your 3-day pass and experience the best of ASEAN's F&B industry!

 Starring Rebecca O’Connor - The Voice Australia, among the rare female singers who can step into Tina’s “the best” role, will captivate Malaysians with awe-inspiring renditions of unforgettable classics, “What’s Love Got to Do with It,” “The Best,” “River Deep,” and more! Rebecca is the only artist to be personally endorsed by the legend herself, who once said “Rebecca is so good, it’s scary!”.

 

Special discount to BMCC members - Enjoy 15% off for Thursday 11th  show and 10% off for Saturday 13th show, key in “BMCCTheBest” at the promo code column. Terms & conditions apply.