| AMCHAM Update #33: 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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| MySejahtera App by Government of Malaysia |
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MySejahtera is an application developed by the Government of Malaysia to help in keeping Malaysians safe from the Covid-19 outbreak.
AMCHAM would like to encourage our members to download the MySejahtera application today to help Ministry of Health Malaysia (MOH) respond effectively and help everyone stay safe. |
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| Companies Approved by MITI Allowed Operate at Full Capacity Under MCO Without Time Restriction Effective 29 April 2020 |
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The impact of Covid-19 has affected both the health of the public and the country's economy. The government has undertaken proactive steps to curb the spread of the epidemic. The government is also tasked with the responsibility to help rebuild the economy. With that in mind, the government has decided to allow various economic sectors approved to operate during the Movement Control Period of phases 1, 2, and 3 to operate at full capacity without time limit and according to their respective industry requirements. |
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| COVID-19: Taking the First Steps to Recovery |
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Now that China has come out of lockdown and both the U.S. and Europe appear to be heading towards the peak of Covid-19 infection, uncertain times surface once again. However, the long-term impact on global business and supply chains remain unknown. It is unclear exactly what might happen in the coming months. On 28 April 2020, AMCHAM in collaboration with Control Risks had a webinar to shed some light on what the ‘recovery’ phase could be like.
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| Articles by Raslan Loong, Shen & Eow |
| With the extension of the Movement Control Order, businesses and social activities require clear regulations and understanding. Articles by member company Raslan Loong, Shen & Eow will help shed some light on this. Click the links below to read more.
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| Some major electrical and electronics (E&E) companies in the country are losing millions as they are unable to operate at full capacity due to conflicting conditions imposed by various local councils. The International Trade and Industry Ministry (MITI) had instructed the factories to get approval from the respective local councils in order to continue operations round the clock. |
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| InvestPenang Newsletter - INspire Issue 1 |
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INspire is a quarterly newsletter produced by InvestPenang. The publication aims to disseminate information and provide regular updates on the industry landscape and emerging opportunities in Penang, along with the State’s initiatives in supporting industries. The newsletter will be made available on the InvestPenang’s website at investpenang.gov.my soon. Click on 'Read More' for a pdf version. |
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| Senior executives are now rightly worried about what the crisis and subsequent downturn mean. While the concern is understandable, leaders must remember that downturns can be a great time to grow. The challenge, therefore, is not just to get through this period but to survive it in such a way that you can reset in order to thrive. That depends on decisions you have to take now — and many of the right ones may not be the obvious ones. |
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| THE Covid-19 crisis has turned out to be both a bane and boon to companies intending to apply for a digital banking licence in Malaysia. On the one hand, it has delayed the licence application process but, on the other, it has proven to be an unexpected catalyst in making more people and businesses turn to digital channels. “Evidently, consumers and SMEs are turning to digital channels out of necessity during these challenging times. This is proving to be an unlikely catalyst and a further business case for the opportunities for future digital banks in Malaysia,” says Lum Kar Hoe, PwC Malaysia’s senior manager for financial services. |
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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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