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AMCHAM Update #528
Dear Subscriber,
UPCOMING EVENTS
Dialogue with Datuk Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia
Dialogue with Datuk Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia

date

Jul 31, 2024
(3:00 PM - 6:00 PM) (GMT+8)

location

Clarke II, Le Méridien Kuala Lumpur
Kuala Lumpur, Malaysia
Opportunities ASEAN Webinar Series: Thailand and Philippines
Opportunities ASEAN Webinar Series: Thailand and Philippines

date

Aug 8, 2024
(10:00 AM - 11:00 AM) (GMT+8)

location

Online Webinar
SAVE THE DATE
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Sponsorship Opportunities are available. For more information contact our events team at events@amcham.com.my.
Click here to view Sponsorship Packages
NEWS UPDATE
Malaysia continues positive trade trajectory to reach 8.7% rise to RM1.158 trillion till May
Malaysia continues positive trade trajectory to reach 8.7% rise to RM1.158 trillion till May
Bank Negara Malaysia forecasts the country’s trade performance for 2024 to increase by 5.2%, with exports expected to grow by 5.0%.

Investment, Trade and Industry (MITI) Deputy Minister Liew Chin Tong said this in the Dewan Rakyat today (11 July, 2024), citing the growth in Malaysia’s trade performance is supported by the positive growth in the global semiconductor cycle (Tech Up Cycle), with the global semiconductor market expected to increase by 16% this year according to the World Semiconductors Trade Statistics.
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UPCOMING EVENTS (AMCHAM MEMBER)
Asia School of Business - Future of People @Work Forum
Asia School of Business - Future of People @Work Forum
Asia School of Business in Collaboration with MIT Sloan is organizing a Future of People @Work Forum on Wednesday, July 24th at 1:30pm.

During the forum, experts will discuss the impacts on recruiting, talent retention, employee benefits, employee well-being, and the future of businesses in the current environment.
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CXL - Office Pro Essential: MS Office Mastery
CXL - Office Pro Essential: MS Office Mastery
CXL Group is excited to announce the "Office Pro Essential: MS Office Mastery" training program, scheduled from August 5th to 9th.

This complimentary training is specifically designed for micro and small-to-medium enterprises (SMEs), aiming to enhance their proficiency in Microsoft Office applications.
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MEMBER NEWS
Christopher & Lee Ong: PDPA Amendments to be tabled in the final week of the current Parliamentary session
Christopher & Lee Ong: PDPA Amendments to be tabled in the final week of the current Parliamentary session
Digital Minister, Gobind Singh, has announced that the Cabinet has approved the proposed amendments to the Personal Data Protection Act 2010 (“PDPA”).

The long-awaited PDPA amendment bill is now scheduled to be tabled in Parliament during the last week of the ongoing June-July 2024 session, specifically sometime between July 15 and July 18.
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Honeywell to acquire Air Products' liquefied natural gas process technology and equipment business to expand energy transition solutions and services
Honeywell to acquire Air Products' liquefied natural gas process technology and equipment business to expand energy transition solutions and services
Honeywell and Air Products jointly announced that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA.

As a result of the acquisition, Honeywell will be able to offer customers a comprehensive, top-tier solution for managing their energy transformation journey.
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Knight Frank Malaysia opens first office in Sarawak
Knight Frank Malaysia opens first office in Sarawak
Knight Frank Malaysia officially opened a new office in Miri, Sarawak on Wednesday, according to a press statement.

This is also Knight Frank Malaysia’s first office in Sarawak, and it is part of Knight Frank Malaysia’s strategic expansion plan to enhance its presence across Malaysia. The new office will offer a wide range of services, including residential and commercial property sales and leasing, property management, transactions, valuation and advisory services.
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FACTS AND INSIGHTS
The evolution of next-generation technology and its impact on GDP growth
The evolution of next-generation technology and its impact on GDP growth
The rapid evolution of next-generation technology is redefining economies, societies, and the way we live. Technologies such as Large Language Models (LLMs), AI, blockchain, quantum computing powered by strong 4G and 5G technology is set to significantly reshape the landscape across various sectors, impacting both governments and citizens in numerous ways; creating entirely new economic paradigms.
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TIERED CORPORATE MEMBERS 2024
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MEMBER BENEFITS PROGRAM
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American Malaysian Chamber of Commerce
Level 10, Bangunan Faber Imperial Court, Jalan Sultan Ismail,
Kuala Lumpur 50250, Malaysia
Tel: +603 2727 0070Fax: +603 2727 0075Email: 
    

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