| AMCHAM Update #17: COVID-19 Outbreak |
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Dear Subscriber,
During this (extended) period of the Movement Control Order, AMCHAM will be bringing updates on the latest COVID-19 developments, which includes the efforts of Government and initiatives from other bodies and organizations. |
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| Special Message by the Prime Minister of Malaysia |
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| Today (6 April 2020), Tan Sri Muhyiddin Yassin, Prime Minister of Malaysia, addressed the public and unveiled a Stimulus Package of RM10 Billion. This was part of a plan to help with SMEs coping with the impact of Covid-19. |
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| MCO 2nd Phase – Revised Essential Services List & Movement Restriction |
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With the implementation of the Movement Control Order 2nd phase from 1st April to 14th April, it is strongly advised that all companies and their employees adhere to the latest rules. |
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| IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments |
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"We urge people to take extra care during this period. The IRS isn't going to call you asking to verify or provide your financial information so you can get an economic impact payment or your refund faster," said IRS Commissioner Chuck Rettig. " |
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| Micron Technology, Inc today announced a RM2.6-million donation from its Micron Foundation Covid-19 Relief Fund to support the immediate and future needs of Malaysians impacted by the health crisis. According to a statement released on 3 April 2020, Malaysia is one of five countries prioritised to receive grants from the foundation’s global relief fund. |
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| Sunway Group today announced a total commitment of more than RM 34 million to help Malaysia combat COVID-19. The commitment is expected to support at least 40,000 beneficiaries in total. |
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| Live Forum Invitation - April 9th @3:30 p.m. |
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| The Covid-19 outbreak and the MCO has resulted in unprecedented disruption to almost all businesses and operations. To help you stay up-to-date with the developments on the Malaysia market, we have launched a series of weekly live forum to our followers discussing the impact of the MCO. In this edition, we will be conducting a live forum on "Movement Control Order Due To Covid-19: Handling Employment Issues During and Post MCO".
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| Since the onset of the COVID-19 outbreak, ASEAN nations have seen their supply chains disrupted and experienced economic slowdowns. The impact was heightened because ASEAN is China’s second-largest trading partner, overtaking the US in 2018, at the height of the US-China trade war. |
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| The new SARS-CoV-2 virus, which causes the disease COVID-19, first arrived on Malaysian shores on 25 January 2020. A month later in February, case numbers inched up to 22 positive cases. By mid-March, case numbers had ballooned 20-fold to 428 cases. In response, Malaysian authorities issued a two-week Movement Control Order (MCO) on 18 March 2020. |
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| STAY UPDATED ON THE LATEST HAPPENINGS - Click Below |
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American Malaysian Chamber of Commerce
Level 10, Bangunan Faber Imperial Court, Jalan Sultan Ismail,
Kuala Lumpur 50250, Malaysia
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Copyright © 2020 AMCHAM Malaysia, All rights reserved. |
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