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The American Malaysian Chamber of Commerce (AMCHAM) said it calls for a 5G rollout plan that is transparent, competitive and addresses information security needs.

In a statement on Wednesday (March 2), the Chamber said the government’s plan of action must include these elements to derive an outcome that benefits businesses as well as the rakyat. “5G will be with us for many years to come. As a foundational technology, it needs to be reliable, robust and secure,” it added.

AMCHAM had a productive meeting with the Iskandar Regional Development Authority (IRDA) yesterday at the Executive Office to discuss the supply chain and impact of US companies on Malaysia beyond CAPEX.

Thank you Dato’ Dr. Badrul Hisham Kassim, Engku Ahmad Kamel and Raja Taufik Azad for your insightful input in this discussion. We look forward to more engagements with the IRDA.

On 28 February, H.E. Brian McFeeters, U.S. Ambassador to Malaysia attended the Penang Science Cluster (PSC) Board of Directors meeting. The meeting was attended by U.S. company representatives in Penang including a number of AMCHAM member companies.

The procedures for travelers entering Malaysia via Vaccinated Travel Lane (VTL) Malaysia-Singapore, for both air and land routes, Langkawi International Tourism Bubble (LITB), and One-Stop Center (OSC) for short-term business travelers, and from the United Kingdom (UK) no longer need to undergo the one-week COVID-19 tests after arrival starting 3 March 2022.

Casual contacts of COVID-19 will not see any change in their status on the MySejahtera, but they will be notified via the application.

For those who have symptoms, isolate yourself and perform a self -test.

Cent GPS, in collaboration with the U.S. Embassy Kuala Lumpur, will be hosting the Young Southeast Asian Leaders Initiative (YSEALI) regional workshop to be held from June 13 to 17, 2022, in Kuching, Sarawak.

The workshop will focus on bridging divides with talks and workshops for participants across the region to learn, gain new experience and some technical knowledge on how to effectively set up a digital access point in rural surroundings.

Following the recent announcement by the National Recovery Council that proposed Malaysia’s borders will be fully opened by March to support the country’s economic recovery, and as more countries regionally and internationally starting to open their borders, International SOS has rolled out a new risk management tool to support a safe and sustainable return to travel and enable organizations to navigate the ever-changing landscape of COVID-19 restrictions.

Keysight Technologies, Inc has announced that effective May 1, Satish Dhanasekaran, its current Chief Operating Officer (COO) will become President and Chief Executive Officer (CEO), and will join the Keysight board of directors.

Ron Nersesian, the current President and CEO of Keysight, will continue as Executive Chairman of the Board.

Christopher & Lee Ong’s Sustainability Update highlights the recent amendments to the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 which will affect digital asset custodians, intermediaries, and those involved in the provision of advisory services relating to the offer or sale of digital currencies or digital tokens, on their reporting obligations and consequences of non-compliance.

Following the launch of the Digital Banking Framework, the Central Bank of Malaysia (CBM) had received by middle of 2021 a total of 29 different applications. Notwithstanding the large number of applications, the CBM will only be granting 5 digital banking licenses and the CBM is set to announce very soon in early 2022 the 5 successful applicants.

The CBM is now looking to introduce a licensing framework for digital insurers and takaful operators as an extension to the world of digital banking.

Going forward, it is expected that more regulators will require ESG disclosure from corporate and funds. Over the past year, we have seen a number of regulators update their disclosure requirements, generally there is a distinction between the disclosure of ESG information by listed companies and the disclosure by funds or fund managers.