The Covid-19 epidemic and the Movement Control Order have forced us all to adapt to a new way of working. AMCHAM would like to hear from you. How is your organization adjusting to the new normal, what are your recommended practices? Please share with us your best 'return to work' practices as we would like to have this information for other members on our website. For more information please contact Yvonne Miranda, our Membership & Engagement Manager at yvonne@amcham.com.my

The latest tax alert issue by EY covers:

· Malaysian developments

· Overseas developments

The “new normal” post Covid-19 pandemic will demand and necessitate businesses to accelerate digital transformation and adopt new technology to achieve longterm sustainability, said Altair. However, this would have an adverse impact on workforce, production, design, processes and market access, said the American multinational information technology company.

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.

As countries around the globe are adjusting to the new normal due to the global coronavirus pandemic, pushing for the acceleration of digital transformation across all facets of business and life, governments are also fast-tracking digital economic growth amidst fear of economic depression post-Covid-19. Malaysia, renown as a location of choice for many Fortune 500 and digital tech companies, is well-positioned to be the heart of Digital ASEAN, with its dynamic ecosystem, resilient and talented workforce, and robust digital infrastructure.

In light of the Covid-19 pandemic, the World Bank is now revisiting their 2018 report on Malaysia’s Digital Economy. If you are a tech entrepreneur eyeing the Malaysian digital landscape, a C-suite of a digital tech and services multinational company looking for expansion opportunities, or a member of the general public interested in digital public policy developments, join us in this 1-hour webinar with experts from the World Bank and Malaysia Digital Economy Corporation (MDEC).

The tragedy of the Covid-19 crisis has taken much attention away from the threat of climate change, as institutions devoted themselves to protecting lives and livelihoods. Sustaining an effective public-health response remains a top concern for many policy makers and business executives. Severe job losses and revenue declines in some sectors, along with the high likelihood of an economic recession, have also compelled policy makers to mount an unprecedented financial response, which already exceeds $10 trillion, according to McKinsey estimates

The UN Conference on Trade and Development estimates global foreign direct investments (FDIs) to decline by 15 per cent this year. Already, this is evident in the slump in FDIs into Malaysia. Second quarter inflows of RM6.4 billion this year are only a third of the amount in the same quarter last year. Anticipating this fall, the Prihatin Stimulus Package offers more investments to supplement this year's RM56 billion development budget.