AMCHAM Update #84: COVID-19 Outbreak |
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| Foreign workers with valid work permits and currently in Malaysia can return to work when their employment sectors resume operations, says Senior Minister Datuk Seri Ismail Sabri Yaakob. However, the decision is that the workers be screened for COVID-19 before they return to work, |
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| ONLY 2,000 Malaysians and Singaporeans are allowed to cross daily under the Periodic Commuting Arrangement (PCA) as both countries gradually reopen their border to each other in the aftermath of the COVID-19 pandemic. At the same time, under the Reciprocal Green Lane (RGL) category, only 400 Malaysians and Singaporeans can travel to and fro between the two countries a week. |
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| The COVID-19 pandemic has pushed the logistics industry to re-evaluate and re-strategise their operations towards digitalisation. Malaysia Investment Development Authority (MIDA) said the move has boosted productivity and enhanced business flow, both of which are fundamental for business sustainability. |
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| Most CEOs realize the brittle, fixed-cycle approach to strategic planning isn’t working anymore. For decades, they’ve made future-altering decisions according to quarterly and annual deadlines, rather than rapidly changing customer behaviors, technology trends and competitor moves. They’ve been flexing old muscles on new issues. The COVID-19 pandemic puts this problem in sharp relief—and helps CEOs to cross the chasm. |
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| The fault lines between industries and business models that we understood intellectually before the COVID-19 crisis have now become giant fissures, separating the old reality from the new one. Just as an earthquake produces a sudden release of pent-up force, the economic shock set off by the pandemic has accelerated and intensified trends that were already underway. The result is a dramatic widening of the gap between those at the top and the bottom of the power curve of economic profit —the winners and losers in the global corporate-performance race. |
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