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Dear Subscriber,
AMCHAM Update #88: COVID-19 Outbreak
 
UPCOMING AMCHAM EVENTS
[WEBINAR] Navigating Supply Chain Disruptions
[WEBINAR] Navigating Supply Chain Disruptions

date

Jul 28, 2020
(2 PM - 3 PM)
AMCHAM AGM 2020
AMCHAM AGM 2020

date

Aug 13, 2020
(10:30 AM - 12 PM)

location

AMERICAN MALAYSIAN CHAMBER OF COMMERCE
Kuala Lumpur, Malaysia
 
LATEST NEWS UPDATES
Make masks a must
Make masks a must
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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Economy recovering, 83.5 pct of employees have returned to work
Economy recovering, 83.5 pct of employees have returned to work
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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MEMBER HIGHLIGHTS
PENJANA Tax Incentive Scheme - FWA (Flexible Work Arrangement)
PENJANA Tax Incentive Scheme - FWA (Flexible Work Arrangement)
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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Bosch set to expand in Malaysia with new plant in Penang
Bosch set to expand in Malaysia with new plant in Penang
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)
 
Responding To Natural Disasters & Security Concerns During COVID-19: Focus On Asia
Thursday, 23 July, 2020, 2pm
Thursday, 23 July, 2020, 2pm
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
Tuesday, 28 July 2020, 3:00 pm – 4:30 pm
Tuesday, 28 July 2020, 3:00 pm – 4:30 pm
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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FACTS AND INSIGHTS
The CEO moment: Leadership for a new era
The CEO moment: Leadership for a new era
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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CORPORATE PARTNERS 2020
 
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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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