AMCHAM Update #88: COVID-19 Outbreak |
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AMCHAM AGM 2020 | | Aug 13, 2020 (10:30 AM - 12 PM) |
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| AMERICAN MALAYSIAN CHAMBER OF COMMERCE Kuala Lumpur, Malaysia |
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| Health experts have voiced their support for the government to consider making wearing face masks in public mandatory, saying that the simple act of donning the Personal Protective Equipment (PPE) can prevent the spread of COVID-19. Medical Mythbusters Malaysia (M3) president and co-founder Dr Ahmad Firdaus Mohd Haris said the organisation backed the proposal made by Prime Minister Tan Sri Muhyiddin Yassin on Monday as medical studies had shown that wearing face masks could slow transmissions and reduce COVID-19 infections |
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| The Department of Statistics Malaysia Report which says that about 12.7 million or 83.5 per cent of employees as of June 2, 2020 have returned to work, evidently shows that economic activities and services are recovering, said Tengku Datuk Seri Zafrul Tengku Abdul Aziz. The Finance Minister noted that the figure on May 17, 2020 was 10.2 million or 67.2 per cent. |
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| Recently, the Malaysian Government has introduced PENJANA Tax Incentive Scheme (PELAN JANA SEMULA EKONOMI NEGARA) as part of Malaysia’s Economic Recovery Plan. The Flexible Working Arrangement (FWA) was introduced to encourage work-from-home arrangements. TalentCorp Malaysia has been appointed as PENJANA’s Facilitator and EY is one of the selected Panel to assist in the execution of this initiative. |
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| The company is reportedly planning to build a manufacturing facility at the industrial park which will focus on semiconductor components and sensor testing, according to a press release from MIDA (the Malaysian Investment Development Authority). Construction of the plant is scheduled to begin in 2021 and completion of the production area and first series production to commence in 2023. Some 400 new jobs are expected to be created with the establishing of the new facility. |
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UPCOMING WEBINAR (AMCHAM-MEMBERS) |
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Responding To Natural Disasters & Security Concerns During COVID-19: Focus On Asia |
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| As COVID-19 continues to impact countries globally, how should organisations respond to natural disasters during this monsoon season and rising security concerns in Asia against the backdrop of the COVID-19 pandemic? |
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Corporate Restructuring Navigating the Corporate Workout Wave |
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| In an April 2020 report, the World Bank sharply downgraded the growth outlook for 2020 for the East Asia and Pacific region Against this backdrop, liquidity issues and debt management become crucial considerations in ensuring business continuity. |
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| COVID-19 has created a massive humanitarian challenge: millions ill and hundreds of thousands of lives lost; soaring unemployment rates in the world’s most robust economies; food banks stretched beyond capacity; governments straining to deliver critical services. The pandemic is also a challenge for businesses—and their CEOs—unlike any they have ever faced, forcing an abrupt dislocation of how employees work, how customers behave, how supply chains function, and even what ultimately constitutes business performance. |
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STAY UPDATED ON THE LATEST HAPPENINGS - Click Below |
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MEMBER BENEFITS PROGRAM - click below for more information |
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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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