E-invoicing presents companies with a challenge because they need to integrate a nexus of functions, not just tax but finance, procurement, and more, to ensure successful deployment. The overall intent is to drive efficiency by leveraging technology to ease operations and reporting needs.

EY’s special session for AMCHAM members on “Solving the Tax Technology Puzzle for e-Invoicing” was attended by a host of member companies primarily from the finance and IT departments, others from technology or procurement.

On the morning of 27 March 2024, APAC GATES, an Asia-focused association management company that provides services to international associations, unveiled its latest research, delving into the unique role played by international business associations (IBAs) throughout the Indo-Pacific in advocating for rights and civic freedoms amid the challenges posed by the COVID-19 pandemic.

The Economic Impact Survey (EIS) is an undertaking by AMCHAM to quantify its members’ contributions to the Malaysian economy. It incorporates a snapshot of challenges and opportunities faced in the post-pandemic era.

The survey’s findings underscore the crucial role played by American MNCs in Malaysia, their partners and the relationship with the local ecosystem as it relates to their sustained contributions to the country’s economy.

The Chamber Associate program at AMCHAM Malaysia invites fresh graduates to explore their skills in a challenging and purpose-driven environment.

Spend a year steeped in various areas within the Chamber and learn about events, communications, membership development, building communities, policy development, and regulatory matters impacting business in Malaysia for foreign investors. Three candidates are selected across the year.

On 25 March 2024, the long-awaited Cyber Security Bill 2024 ("Bill") was tabled in Parliament by the Minister of Digital, Gobind Singh Deo. The Bill seeks to introduce an overarching cyber security legislation to enhance national cyber security.

This update by Christopher & Lee Ong aims to provide a brief overview of the key principles of the Bill and how to stay ahead of the upcoming regulatory changes.

The Malaysia Digital Economy Corporation (MDEC) will introduce a new tax incentive for Malaysia Digital (MD) status companies and existing Multimedia Super Corridor (MSC) status companies.

Its Chief Executive Officer Mahadhir Aziz said the incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives.

FedEx Express (FedEx) has been named ‘Overall Logistics & Supply Chain Management Supplier of the Year’ and also received the ‘Best Logistics & Supply Chain Management Supplier Award: Last Mile Implementation’ at the Asia-Pacific Biopharma Excellence Awards 2024 (ABEA 2024).

Kenvue employees from across Malaysia and Singapore recently demonstrated their commitment to making a positive impact in their communities through a collaborative CSR event.

With a focus on lending support to the deserving community, Kenvue volunteers collaborated with two non-profit organizations – Taman Megah Handicapped and Disabled Children’s Home and Pertubuhan Kebajikan Chester Selangor (PKCS) and embarked on a day of meaningful engagement and service.

JABIL has extended its corporate sponsorship by an additional RM50,000 to SMK Permatang Pasir’s robotics team – Pasirian Rex.

The funds will be used to cover part of the team’s travel expenses to allow them to compete in-person at the FIRST Tech Challenge (FTC) World Championship to be held in Houston, Texas, United States next month (April).

Corporate net zero carbon (NZC) goals are driving ambitious portfolio decarbonisation plans for occupiers in Malaysia leading to a significant gap between supply and demand for sustainable buildings in the region. The mismatch between supply and demand will drive strong competition among occupiers seeking low-carbon office spaces in the years leading up to 2030

According to global real estate consulting firm JLL, 96% of occupiers surveyed across Malaysia are targeting 100% green certified portfolios by 2030, up from 3% currently.

The world’s living standards have climbed sharply over the past 25 years, driven by strong productivity growth. Median economy productivity surged sixfold over this period. Yet productivity growth is fading, and in many parts of the world, it has failed to start at all.

Since the global financial crisis (GFC) around 2008, there has been a near-universal slowdown. In advanced economies, productivity growth had already decelerated before the GFC—from an average of 2.2 percent per year in the five years to 2002 to 1.6 percent through 2007—and then fell further, to less than 1 percent, in the 2012–22 decade.