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AMCHAM Update #449
Dear Subscriber,
3 WEEKS REMAINING: Renew Your 2023 AMCHAM Membership Today!
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UPCOMING EVENTS (MEMBERS ONLY)
[VIRTUAL] The Real Challenge Begins Now
[VIRTUAL] The Real Challenge Begins Now

date

Dec 13, 2022
(9:30 AM - 11:30 AM) (GMT+8)
APEC 2023:  To Create a Resilient and Sustainable Future for All
APEC 2023: To Create a Resilient and Sustainable Future for All

date

Dec 14, 2022
(12:00 PM - 2:00 PM) (GMT+8)

location

Cy@M, Level M, Sheraton Imperial Kuala Lumpur
AMCHAM IN PARTNERSHIP WITH
Penang Green Finance Conference 2022 (13 & 14 December 2022)
Penang Green Finance Conference 2022 (13 & 14 December 2022)
To accelerate green transition, Penang State is organizing the Penang Green Finance Conference 2022 that will feature speakers from Bank Negara Malaysia, Capital Markets Malaysia, European Investment Bank, Asian Infrastructure Investment Bank and a number of commercial banks including Malayan Banking Berhad, CIMB Bank and UOB Malaysia.

Whether you are interested in understanding the landscape of green financing in Malaysia, or are looking to explore financing opportunities for your business, this is the event to be, the first of its kind in the Northern Region.
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CHAMBER NEWS
Meeting with Datuk Seri Mustapa Mohamed
Meeting with Datuk Seri Mustapa Mohamed
AMCHAM would like to thank Datuk Seri Mustapa Mohamed, former Minister in Prime Minister's Department (Economy) for his support to the U.S. business community, and for his active engagement through the Economic Action Council (EAC). The EAC provided businesses and the civil service to stay connected and abreast of matters concerning issues that impacted the ease of doing business in Malaysia; this was especially critical during the pandemic period.
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NEWS UPDATES
ESG high on MITI’s priorities for a more sustainable future for all Malaysians
ESG high on MITI’s priorities for a more sustainable future for all Malaysians
The Government will continue to provide incentives for local assembly or manufacturing of Energy Efficient Vehicles, or EEV, including EVs, as well as component makers or OEMs, in order to stimulate investment and accelerate the development of the EV ecosystem.

This move is seen as critical in increasing demand for EVs as well as making EVs more inclusive and affordable for all, as it encourages investment not only in vehicle and component manufacturing, but also in the EV support infrastructure.
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MIDA: E&E sector to generate RM495 billion in export earnings by 2025
MIDA: E&E sector to generate RM495 billion in export earnings by 2025
Malaysia's electrical and electronics (E&E) sector is expected to contribute RM120 billion to the country's GDP and generate RM495 billion in export earnings by 2025 as Malaysia continues to attract high-quality investments and is expected to uphold its growth trajectory.
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MEMBER NEWS
Mattel Malaysia turns 40, expanding plant to produce more Hot Wheels
Mattel Malaysia turns 40, expanding plant to produce more Hot Wheels
Mattel Malaysia (MMSB) commemorated its 40th anniversary in Malaysia with the announcement of a plant expansion, expected to be completed in January 2023. The world’s largest Hot Wheels manufacturing plant, MMSB is also the world’s only manufacturer of Hot Wheels singles, the top-selling toy globally in 2021. The plant has a current average output capacity of approximately 9.0M cars per week.
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IBM aiming for environmental leadership with innovative tech solutions
IBM aiming for environmental leadership with innovative tech solutions
IBM has expressed its continued commitment to sustainability and the need to create better pathways to conserve natural resources, reduce pollution, and minimise climate-related risks.

IBM Malaysia Managing Director and Technology Leader Catherine Lian said the company aims for environmental leadership in all of its business activities, from its operations to the design of its products and use of its technology.
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BMW launches new EV charging deal in Malaysia
BMW launches new EV charging deal in Malaysia
BMW launched a new electric vehicle (EV) charging service in Malaysia in conjunction with local company JomCharge.

The deal with JomCharge gives BMW customers access, through BMW Charging, to 100 charging stations in major cities and national highways across the country, helping to alleviate ‘range anxiety’.
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Oasis International School KL blood drive
Oasis International School KL blood drive
HOSA, an Oasis International School (OIS) student-led club focused on developing student interest in health and medicine careers, hosted the first OIS blood drive! They desired to be a part of the solution to Malaysia's lack of blood supply.

Well done to the HOSA team at OIS for contributing to those in need.
FACTS AND INSIGHTS
The state of AI in 2022—and a half decade in review
The state of AI in 2022—and a half decade in review
AI Adoption has more than doubled since 2017, though the proportion of organizations using AI has plateaued between 50 and 60 percent for the past few years. A set of companies seeing the highest financial returns from AI continue to pull ahead of competitors. The results show these leaders making larger investments in AI, engaging in increasingly advanced practices known to enable scale and faster AI development, and showing signs of faring better in the tight market for AI talent.
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TIERED CORPORATE MEMBERS 2022
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MEMBER BENEFITS PROGRAM
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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: 
    

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