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AMCHAM Update #389 COVID-19 Outbreak
Dear Subscriber,

As Malaysia gradually reopens, the COVID-19 pandemic continues to significantly impact businesses and livelihoods. AMCHAM will continue to bring you daily updates on the latest COVID-19 developments, which includes vaccination updates, Government-issued orders, regulations, and SOPs, as well as initiatives from related bodies and organizations.
CHAMBER NEWS
Luncheon with the Minister of Finance
Luncheon with the Minister of Finance
AMCHAM held a luncheon with YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, Minister of Finance, at the Four Seasons Hotel Kuala Lumpur on 1 December 2021. This crucial ministerial dialogue provided members a great opportunity to have a Post-Budget discussion with the Finance Minister, raise questions on the economic outlook of the country and give feedback as well as learn more about what 2022 will bring as Malaysia continues its road to recovery.
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Members' Briefing
Members' Briefing
AMCHAM held its final Members’ Briefing, the first in-person Members’ Briefing in a long time. This briefing was held at the Sheraton Hotel Kuala Lumpur which also reopened yesterday.

Our CEO Siobhan Das updated the attending members on recent developments from the Chamber as well as what else is coming up. Michael Newbill, Deputy Chief of Mission of the U.S. Embassy in Kuala Lumpur also attended in person and updated us on developments from the U.S. side, particularly on the visit of U.S. Secretary of Commerce, Gina Raimondo.
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UPCOMING EVENT
Glue Up's Coffee Connect with the American Chamber of Commerce
Glue Up's Coffee Connect with the American Chamber of Commerce
Join Glue Up's Coffee Connect with the American Chamber of Commerce on Thursday, 9 Dec at 12:00pm. This session will be hosted virtually, feel free to grab a cup of coffee and dial in for an interactive experience!

This is an excellent opportunity to get to know your peers from AmChams from Hong Kong, the Philippines, Singapore, Malaysia, Indonesia, and other AmChams in the APAC region as they come together to experience the latest networking feature with Glue Up'sSpeed Networking Event.
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Government to postpone entry of students, workers from countries listed as at high risk from Omicron
Government to postpone entry of students, workers from countries listed as at high risk from Omicron
The Malaysian Government will postpone the entry of international students and foreign workers from countries that are categorised as being at a high risk of COVID-19 Omicron variant infections. 20 countries have reported COVID-19 cases involving the Omicron variant of concern as at Nov 30.
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Those using Malaysia-Singapore VTL must self-test on third and seventh day after arrival
Those using Malaysia-Singapore VTL must self-test on third and seventh day after arrival
Travelers participating in the Malaysia-Singapore Vaccinated Travel Lane (VTL) by air and land will be required to conduct a COVID-19 self test on the third and seventh day upon arrival. They will have to enter the results in their MySejahtera application.
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Omicron uncertainties lead to 'pause' on endemic phase transition
Omicron uncertainties lead to 'pause' on endemic phase transition
Malaysia's plan to move into the endemic phase from the current COVID-19 pandemic status will be put on "pause". The decision was made as the government wanted to learn more about the new COVID-19's Omicron variant. Currently, the Health Ministry is acquiring more detailed information on the incubation period, symptoms, and the infectiousness of the Omicron variant.
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MEMBER NEWS
EY Tax Alert No. 23/2021
EY Tax Alert No. 23/2021
EY has released its latest tax alert, issue No. 23/2021. This issue covers:
  • Update to prescribed employee and annual operating expenditure requirements for Labuan companies
  • Exemption from non-deductibility rules on payments to certain types of Labuan entities
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MDEC names new chairman
MDEC names new chairman
Malaysia Digital Economy Corporation (MDEC) today announced the appointment of Datuk Seri Md Alwi Che Ahmad as its chairman, effective Dec 1, 2021, for a period of two years. The State Assemblyman for Kok Lanas, Kelantan, has held various top positions in the government. He served as the Political Secretary to the Minister of Youth and Sports in 1990 to 1992 and to the Minister of Rural Development Malaysia from 1993 to 1999.
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FedEx Express Unveils White Paper on Digital Megatrends That Will Define What’s Next in E-Commerce
FedEx Express Unveils White Paper on Digital Megatrends That Will Define What’s Next in E-Commerce
COVID-19 has been a catalyst for e-commerce growth worldwide. While businesses of all sizes want to capitalize on it, leaders in this space are reimagining new frontiers for e-commerce. This white paper examines the drivers behind the current shift in consumer behaviors and attitudes and reveals the trends that businesses should consider while mapping out their long-term e-commerce strategies.
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UPCOMING EVENT [NON AMCHAM]
Public Engagement Session
Public Engagement Session
Malaysian Technical Standards Forum Bhd (MTSFB) is organizing an interactive Public Engagement session for Technical Code on End-to-End (E2E) Quality of Service (QoS) and Quality of Experience (QoE) using Crowdsource Application Approach on December 3, 2021 at 10:00am.

If you're interested to attend the session, please click on the link below.
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FACTS AND INSIGHTS
COVID-19: What you need to know about the coronavirus pandemic on 30 November
COVID-19: What you need to know about the coronavirus pandemic on 30 November
This daily news round-up brings you a selection of the latest news and updates on the COVID-19 coronavirus pandemic, as well as tips and tools to help you stay informed and protected. Confirmed cases of COVID-19 have passed 262.2 million globally, according to Johns Hopkins University. The number of confirmed deaths has now passed 5.2 million.
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TIERED CORPORATE MEMBERS 2021
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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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