| AMCHAM Update #29: 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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| How can Malaysia end the MCO? Health D-G lists six criteria that need fulfilling first |
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Health director-general Datuk Dr Noor Hisham Abdullah said several boxes need to be ticked before deciding whether to lift the movement control order (MCO) which is supposed to end on April 28. He said there are six criteria which are border control, MCO, health system, steps to protect high-risk groups, adhering to new norms and most importantly working together with the relevant authorities to come up with a soft landing in the exit strategy. |
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| EY wishes to inform that on 17 April 2020, the Royal Malaysian Customs Department (“RMCD”) released Service Tax Policy No. 10/2020, via the MySST Portal.Click on 'Read More' for clarification regarding service tax exemption on the provision of digital services in relation to local banking/financial services. |
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| EY is pleased to share the Special Tax Alert going into detail on:
• FAQs on the revision of estimate of tax payable in the month of the third tax instalment, where the third-month tax instalment falls in 2020
• FAQs on the deferment of monthly income tax instalment payments for businesses in the tourism sector and SMEs |
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| Innovative Labour and Employment Solutions Under COVID-19 – an APAC perspective |
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As businesses across the region grapple to deal with the challenges of COVID-19, much focus has been on furloughing of staff. But what about jurisdictions where this simply isn’t possible? What effective or novel cost-cutting measures can businesses use, and how should these be approached?
Join us as we bring Lex Mundi member firms’ labour and employment experts from across the region together to share ideas and answer your questions.
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| While governments battle the outbreak, businesses need to help economies come back online. Here is how to adapt your operations, plan ahead, and get people working again. In this episode of Inside the Strategy Room, we share an excerpt from a webcast on how companies can change their operations to navigate the vast business challenges heading their way. |
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| The COVID-19 outbreak has impacted almost every aspect of people’s lives in Malaysia. With most people needing to stay home more, Malaysians have been adapting to both the outbreak and the regulations. But with the environment being so different to pre-COVID times, how has COVID-19 impacted Malaysia’s eCommerce industry? Malaysia announced its first confirmed cases of COVID-19 on January 25th 2020. As cases began increasing around February, interim Prime Minister Dr. Mahathir Mohamed announced the Economic Stimulus Package 2020 on February 27th. |
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| An alternative approach for policy makers to consider adding in their mix for battling Covid-19 is based on the technology of personalized prediction, which has transformed many industries over the last 20 years. Using machine learning and artificial intelligence (AI) technology, data-driven firms (from “Big Tech” to financial services, travel, insurance, retail, and media) make personalized recommendations for what to buy, and practice personalized pricing, risk, credit, and the like using the data that they have amassed about their customers. |
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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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