| AMCHAM Update #22: 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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| FAQs On Movement Control Order Ministry Of International Trade And Industry No. 3 |
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These are the latest FAQs by Ministry of International Trade And Industry (MITI) on Movement Control Order (MCO). Click on the Doc below to view.
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| Approval to Operate Additional Sectors to Bolster The Economy Post Covid-19 |
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The Government has also taken pro-active and responsive steps in balancing the country’s economic sustainability and the effectiveness of the Movement Control Order (MCO) by allowing critical economic sectors including the medical and basic needs sectors to operate since 18 March 2020 subject to conditions set by the Ministry of Health (MOH).
Read More: |
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| New Standard Operating Procedures (SOPs) for the Period of Movement Control Order (MCO) |
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With the Movement Control Order (MCO) being extended to 28 April, new guidelines and Standard Operating Procedures (SOPs) have emerged regarding the permissions to operate and workforce movement for companies allowed to operate during the MCO period. |
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| LIVE Webcast - The Malaysian Perspective: How mobile employees impact your organisation during the COVID-19 pandemic |
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| The global COVID-19 Pandemic is creating havoc in your organisation. Your mobile employees are now restricted in their ability to travel internationally to and from Malaysia. Have you considered the tax and immigration implications with the lockdown? Could remote working arrangements create potential permanent establishment (PE) for employers? Will tax residency of companies be affected? |
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| EU-ASEAN Business Council Webinar Series |
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| With multiple ASEAN economies facing lockdowns, day-to-day business operations have come to a virtual standstill for some. This webinar will discuss how local and European businesses are transforming their supply chains to deal with the new challenges posed by COVID-19. It will also explore how firms are looking to diversifying their supply chains outside of China and what it means for ASEAN economies.
*webinar will be via Zoom, login details to follow for all guests who registered. |
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| MALAYSIA still has a fighting chance of escaping a recession this year, according to Bank Negara Malaysia’s 2020 GDP growth projection range of -2% to 0.5% versus 4.3% recorded in 2019. Governor Datuk Nor Shamsiah Mohd Yunus says the central bank will use its “policy arsenal flexibly” alongside accommodative monetary policy to complement the government’s fiscal policies to cushion the adverse effects of the Covid-19 pandemic |
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| The Wuhan lockdown has now been lifted and the Chinese government’s new challenge is to restart its economy while guarding against a second wave of infections. It took 40 days from the peak of the health crisis until its containment. Restoring economic growth will take at least 40 days, even if everything goes more or less right. |
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| Asia accounts for 42% of global GDP in purchasing power parity—a number expected to rise to more than 50% by 2040. The region houses 43% of the world’s largest 5,000 companies, which contribute $19 trillion in annual revenues to the world economy. Importantly, McKinsey and Company notes that Asia was the destination for $1 of every $2 in new investment in the past decade. |
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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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