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Dear Subscriber,
AMCHAM Update #54: COVID-19 Outbreak
 
UPCOMING AMCHAM WEBINAR [OPEN TO MEMBERS & NON MEMBERS]
Preparing Your Organisation to Return to Operations Safely
Preparing Your Organisation to Return to Operations Safely

date

Jun 3, 2020
(2 PM - 3 PM)
 
RETURN TO WORK PRACTICES
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
LATEST NEWS
 
No interstate travel allowed except for four reasons, police permission still needed
The government has reminded the public that interstate travel during the conditional movement control order (MCO) is not allowed, except for four reasons. Those who are facing emergency, attending to death in the family, for work and also couples living apart are allowed to travel interstate with police permission, says Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob. He also said that 134 compounds were issued on Sunday (May 31) on those who attempted interstate travel.
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2020 Cyber Smart Index and The Importance of Cyber Security Right Now
The Covid-19 epidemic has caused for businesses to embrace digital transformation. The importance of cyber security grows with this change. Three out of five businesses in the Asia Pacific region have put off digitisation out of fear of cyber-attacks based on the Cyber Smart – Enabling APAC businesses report by Deloitte Access Economics. To dive deeper into the subject of cyber security, AMCHAM held its first virtual panel discussion on 2 June 2020. Industry experts from Carbon Black, Deloitte, VMware and MDEC were brought together to discuss the subject of cyber security and why it is relevant for businesses and governments have to adopt and adapt. Attendees got to learn more about security hygiene the adoption process of digitisation, and how the Malaysian Government is handling this transformation.
MEMBER HIGHLIGHTS
Large Scale Solar Power Plants – Fourth Competitive Bidding Round (LSS@MEnTARI)
Large Scale Solar Power Plants – Fourth Competitive Bidding Round (LSS@MEnTARI)
The Ministry of Energy and Natural Resources and the Energy Commission had, on 28 and 29 May 2020 respectively, announced a fourth competitive bidding programme to call for bids to develop up to 1,000MWac of large-scale solar power plants in Malaysia (dubbed the LSS@MEnTARI). This Update highlights the key features of LSS@MEnTARI.
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Indirect Tax Alert: Extension of indirect tax payments deadline and automatic generation of late payment penalties in the MySST system during the MCO period
Indirect Tax Alert: Extension of indirect tax payments deadline and automatic generation of late payment penalties in the MySST system during the MCO period
In view of the on-going Movement Control Order (“MCO”), the Royal Malaysian Customs Department (“RMCD”) announced on 29 May 2020 a deadline extension to 30 June 2020 for the full remission of penalties for specific indirect tax payments received by the RMCD. In addition, the RMCD informed that due to certain limitations, late payment penalties will continue to be automatically generated in the MySST system during the MCO period.
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ABAC Center of Excellence explains ISO 37001’s role against bribery and corruption
ABAC Center of Excellence explains ISO 37001’s role against bribery and corruption
In 2019, Malaysia’s Prime Minister Tun Dr Mahathir Mohamad rolled out the National Anti-Corruption Plan (NACP) to address the growing world outcry against bribery and corruption. To fortify their anti-bribery management systems, proactive organisations are protecting themselves by establishing “adequate procedures” as a compliance defense in the event of a bribery accusation.
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UPCOMING WEBINARS (NON-AMCHAM)
 
PWC: Fit for Rebound
Thursday, 18 June 2020, 10:00 AM - 12:00 PM [SST]
Thursday, 18 June 2020, 10:00 AM - 12:00 PM [SST]
Strategy& is a global strategy consulting business uniquely positioned to help deliver your best future: one that is built on differentiation from the inside out and tailored exactly to you. As part of PwC, every day we’re building the winning systems that are at the heart of growth. We combine our powerful foresight with this tangible know-how, technology, and scale to help you create a better, more transformative strategy from day one. As the only at-scale strategy business that’s part of a global professional services network, we embed our strategy capabilities with frontline teams across PwC to show you where you need to go, the choices you’ll need to make to get there, and how to get it right. The result is an authentic strategy process powerful enough to capture possibility, while pragmatic enough to ensure effective delivery. It’s the strategy that gets an organisation through the changes of today and drives results that redefine tomorrow. It’s the strategy that turns vision into reality. It's strategy, made real.

Business Recovery: Reconfigure Your Supply Chain Strategies
June 4, 2020 (Thursday) @ 10.00 am to 11:00 am, Zoom Webinar
June 4, 2020 (Thursday) @ 10.00 am to 11:00 am, Zoom Webinar
This webinar will focus on the key strategies and supply chain solutions for organizations to consider as businesses focus on being both agile and swift in its journey towards business recovery. Some of the key areas of discussions are as follows:
  • Effects of the COVID-19 Pandemic: Air Cargo Capacity and Other Restrictions
  • Supply Chain Disruptions: Key challenges for Businesses
  • Business Recovery: Reconfigure Supply Chain Strategies
  • Seamless Logistics Solutions: Making a Difference through Automated Process
Join us to get insights on a compelling supply chain strategy that meets your business needs!
Seats are limited. Kindly register here
FACTS AND INSIGHTS
Global Semiconductor Industry Calls on Nations to Facilitate Essential Travel by Essential Workers During COVID-19
Global Semiconductor Industry Calls on Nations to Facilitate Essential Travel by Essential Workers During COVID-19
The undersigned associations express our gratitude to governments around the world that have designated the semiconductor and microelectronics industry essential during their response to the COVID-19 pandemic, allowing continued operation of key manufacturing and operational functions within safety protocols.
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A resilient return for Asia’s manufacturing and supply chains?
A resilient return for Asia’s manufacturing and supply chains?
The Asia-Pacific region is at widely varying points on its journey through the COVID-19 pandemic. China is broadly beginning to restart its operations amid recovering domestic demand, while other geographies, such as Southeast Asia, Japan, and South Korea, are still tackling cases and under a range of control measures to help stop the spread.To understand the differing sentiment and responses among manufacturing leaders across the whole region, we surveyed more than 200 manufacturing and supply-chain leaders across industries including advanced industries.
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American Malaysian Chamber of Commerce
Level 10, Bangunan Faber Imperial Court, Jalan Sultan Ismail,
Kuala Lumpur 50250, Malaysia
Tel: +603 2727 0070Fax: +603 2727 0075Email: info@amcham.com.my
    

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