|AMCHAM Update #68: COVID-19 Outbreak|
|Ismail Sabri: Foreign spouses, children of Malaysians may return with Immigration’s nod|
Non-Malaysian spouses and children have been allowed to return to Malaysia but must obtain the Immigration Department’s approval before arranging to do so, said Senior Minister Datuk Seri Ismail Sabri. He said the government decided this after considering that Malaysians who sought to return with their foreign spouses and non-Malaysian children could not do so because of the movement control order’s border controls.
|Ismail Sabri: Foreigners with expired social visit passes can get extension at Immigration offices|
Foreigners whose social visit passes expired during the movement control order (MCO) period can go to Immigration offices to get their passes extended, says Datuk Seri Ismail Sabri Yaakob. The Senior Minister also said that for foreigners whose social visit passes ends during the recovery MCO, they can go straight to the airport to go back to their respective countries. “This has to be done within 14 days of the end of the recovery MCO, ” he said in a statement on Tuesday (June 23).
With deepening trade tensions and the COVID-19 pandemic, the future of businesses become difficult to gauge in the uncertain times. On 23 June 2020, AMCHAM partnered with HSBC and MIDA to address the current trade uncertainties and its implications on investments in Malaysia.
AmMetLife Insurance Berhad (AmMetLife) and the MetLife Foundation are working with the Food Aid Foundation to provide food supplies for the B40 families who are affected by the COVID-19 pandemic. The Food Aid Foundation works with charities in Penang, Kedah, Negeri Sembilan and Sarawak through its “Food Bags for the Needy” programme which reaches people from rural areas, charity homes and refugees.
Cleantech Solar, one of the largest commercial and industrial (C&I) focused solar PV developers in Asia, has secured a US$75 million green loan from ING Bank N.V., Singapore Branch (ING). ING was the sole Mandated Lead Arranger and Green Structuring Advisor. This is the largest green loan in Asia Pacific to date in the C&I renewables sector, with the proceeds used to finance Cleantech Solar’s expansion across Southeast Asia.
|UPCOMING WEBINARS (NON-AMCHAM)|
|Digital Banking: Malaysia’s Game-changer|
KPMG is pleased to work with Google Cloud
to bring you a series of webinar exclusives, focusing on how digital banking is poised to be a game-changer for the Financial Services sector in Malaysia. In the first session, we’ll demystify the journey in applying for a digital bank license, provide an overview of the digital banking landscape, and cover the highlights of the Digital Bank License application exposure draft and regulatory considerations on Cloud and Technology in Malaysia. This is the first of four webinars planned.
|Skrine Webinar | Practical Insights on Corporate Liability: 25 Days Later|
|25 June 2020, Thursday, 4.00pm – 5.00pm|
Hear from our panel of speakers on the issues faced by organisations, consultants and lawyers alike in dealing with the new Corporate Liability provision, Section 17A of the Malaysian Anti-Corruption Commission Act 2009.
When stay-at-home orders took hold this past March, retail sales
dropped dramatically — as everybody knows. But that change in customer behavior has resulted in a phenomenon that hasn’t been talked about much: the flow of sales information to retailers’ data repositories has dried up. That’s a significant problem, because a healthy flow of that information is the lifeblood of customer loyalty programs, AI-driven product recommendations, and a wide array of critical business decisions.
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