It's MY AMCHAM CARES' fifth anniversary! This year AMCHAM recognized 44 of our member companies for their model approach to corporate citizenship during the Thanksgiving luncheon hosted by Hilton Kuala Lumpur yesterday (24 Nov, 2021).

The proposed amendments to three laws, which are necessary to complete the domestic ratification process of the Regional Comprehensive Economic Partnership (RCEP), will be tabled in Parliament next month, according to Senior Minister Azmin Ali.

The Technical Working Committee (TWG) under the COVID-19 has recommended booster doses for all residents of Malaysia aged 18 and above. The vaccines that will be used are Comirnaty (from Pfizer BioNTech), AstraZeneca and CoronaVac (Sinovac) with priority given according to an "age step down" approach, frontliners, individuals with comorbidity, pregnant women and those who need to travel abroad.

Multimedia Development Corporation (MDEC) CEO Mahadzir Aziz says a few local startups are strong enough to become the next unicorns and are already considered as ‘minicorns’. The measures announced in Budget 2022 (B2022), Mahadzir says, are a clear indicator of the government’s focus on the digital economy as the country prepares for economic recovery following the effects of the COVID-19 pandemic.

The proceeds of fraud can now be dissipated in an instant across various jurisdictions, potentially frustrating any attempts at recovery whether via civil proceedings or by relying on the relevant government enforcement agencies. To increase the chances of recovery, it is important that fraudster(s) are quickly identified, with steps taken to trace any stolen assets in order to ascertain their location, after which the relevant applications should be filed to have them frozen to prevent further dissipation.

In May 2020, much of the world was still in the grip of the first wave of the COVID-19 pandemic. Lockdowns, shelter-in-place orders, and travel restrictions were disrupting activity in every part of the economy. Demand evaporated in some categories and skyrocketed in others. As they struggled to keep their businesses running, companies were planning significant strategic changes to the configuration and operation of their supply chains.