| AMCHAM Update #44: COVID-19 Outbreak |
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| USTDA Advances Malaysia’s Smart City Priorities |
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USTDA’s grant to the Iskandar Regional Development Authority (IRDA) will fund technical assistance to support the development of the Iskandar Malaysia Urban Observatory (IMUO). The Iskandar Region comprises five cities in the state of Johor and Malaysia’s southern development corridor bordering Singapore. |
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| COVID-19 has left us with a lot of questions as to what the future holds. Whether it be the business operations or the lifestyle, it is uncertain as to whether the ‘new normal’ is a permanent normal. On 15 May 2020, AMCHAM was honored to have with us Mr. Anthony Das, the Group Chief Economist/Head of Research of AmBank for a topical webinar on the current economic impact of COVID-19 in Malaysia. |
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| Amid the gloomy economy emerged a tinge of hope, as pockets of affected individuals and businesses began discovering new ways to stay afloat – mostly by leveraging on technology. These new digital adopters were making fundamental changes to their operations and life, defining the very essence of pivoting. |
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| With no end to the Covid-19 pandemic in sight, a vast majority of chief financial officers in Malaysia believe that their revenues this year will be dented by the outbreak, according to a survey by PwC. “Ninety-one per cent of the Malaysian respondents are expecting a decrease in their company revenues as a result of Covid-19,” according to PwC’s Covid-19 CFO Pulse: Malaysia results released today. |
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| UPCOMING WEBINAR (NON-AMCHAM) |
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| Maintaining the Human Touch in a Virtual World |
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| Tuesday, May 19, 2020, 10:00 AM Singapore Time |
| In this complimentary webinar, we invite you to hear from Andrew Campbell, Talent and Transformation Leader, IBM Asia Pacific, on how you can achieve business outcomes by activating a remote workforce. He will be joined by a panel of HR practitioners, as together, they provide solutions to keeping teams productive, engaged and upskilled as we veer rapidly into the 'new normal'.
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Being a member of AMCHAM has never been so important as it has been over the past two months. As authorities were shaping policies and issuing guidelines they relied on AMCHAM, your Chamber to help. The AMCHAM membership and the use of this Directory is a tool to showcase who we are as a community. I hope that you will join us this year to assist us in building this Directory as a ‘bible’ to the American business on the ground in Malaysia. |
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| Potential AMCHAM Webinars |
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AMCHAM is in the process of developing and sourcing topics for webinars sessions for members. Since attending our events at the actual physical location may be impossible for a while, the virtual version has become an alternative to showcase the good work and interesting topics that our member have to share.
If you're an AMCHAM member and you have interesting topics in mind that you would like to share with fellow members, or you would like to collaborate with AMCHAM to produce webinars, please feel free to contact us at events@amcham.com.my and we'll be happy to discuss further. We look forward to hearing from you. |
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| Indeed, recent data show that we have vaulted five years forward in consumer and business digital adoption in a matter of around eight weeks. Banks have transitioned to remote sales and service teams and launched digital outreach to customers to make flexible payment arrangements for loans and mortgages. Grocery stores have shifted to online ordering and delivery as their primary business. Schools in many locales have pivoted to 100 percent online learning and digital classrooms. |
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| Confirmed cases in 184 countries. Empty airports. Airline fleets grounded. Borders closed, blanket travel bans imposed. Hotels shuttered. Postponed conferences, concerts and sports events. Travellers consumed by fear. Airlines, tour operators, hospitality and F&B companies facing insolvency. Stock values crashing. |
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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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