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AMCHAM Update #451
Dear Subscriber,
CHAMBER NEWS
AMCHAM Chamber Associate Program
AMCHAM Chamber Associate Program
The Chamber Associate Graduate Program, launched by AMCHAM in 2023, holds a significant purpose of supporting young graduates in acquiring critical skills to thrive in the modern workplace.

Designed to target new entrants to the workforce, the program aims to provide the Chamber Associates with not only a comprehensive understanding of the broad issues faced by multinationals operating in Malaysia but also direct exposure to a diverse range sectors, including and service-related fields represented in AMCHAM’s membership, such as electronics, healthcare, energy and the digital economy.
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AMCHAM IN THE NEWS
Positive policies facilitates collaboration and good governance: AMCHAM Malaysia
Positive policies facilitates collaboration and good governance: AMCHAM Malaysia
The American Malaysian Chamber of Commerce (AMCHAM) applauds the Malaysian government for the launch of the MADANI Economic narrative.

It is important that in Malaysia’s long-term growth that adequate focus is given to elevating national competitiveness whilst fostering inclusivity and equity through a holistic approach and elevation of the economic base.
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NEWS UPDATE
Streamlining NIMP, ESG Framework will lead to higher jobs opportunities, transformation of manufacturing sector
Streamlining NIMP, ESG Framework will lead to higher jobs opportunities, transformation of manufacturing sector
In August, MITI will launch the New Industrial Master Plan 2030 (NIMP 2030) which is a comprehensive policy framework that includes missions, priorities, and action plans in transforming Malaysia’s manufacturing sector.

This transformation aims to create a new source of wealth for the country by increasing the complexity of the economy, driving sustainable economic growth, providing quality employment opportunities while improving the people’s standard of living.
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MEMBER NEWS
FedEx Wins Sustainability and CSR Award for Community Engagement Support in Malaysia
FedEx Wins Sustainability and CSR Award for Community Engagement Support in Malaysia
FedEx Express (FedEx) has been honored with the prestigious ‘Sustainability and CSR Malaysia Awards 2023’ in the category of ‘Best in Community Engagement Support‘. This is the third consecutive time FedEx has been recognized with this award.

FedEx was recognized for its longstanding efforts in nurturing young talent and fostering an entrepreneurial mindset through the FedEx Express/Junior Achievement International Trade Challenge (FedEx/JA ITC), benefiting over 8,600 students to date in Malaysia.
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JLL unveils first GPT model for commercial real estate 
JLL unveils first GPT model for commercial real estate 
JLL announced JLL GPT™, the first large language model purpose-built for the commercial real estate (CRE) industry. Developed by JLL Technologies (JLLT), the technology division of JLL, the bespoke generative artificial intelligence (AI) model will be used by JLL’s 103,000+ workforce around the world to provide CRE insights to clients in a whole new way.
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Enovix joins forces with YBS International Berhad to unveil its next-generation battery manufacturing facility in Penang Science Park
Enovix joins forces with YBS International Berhad to unveil its next-generation battery manufacturing facility in Penang Science Park
Enovix Corporation (“Enovix”) an advanced silicon battery company and YBS International Berhad (“YBS”), a Malaysia-based investment holding company with segments including electronic manufacturing and assembly, high-precision engineering, and precision machining and stamping, among others, came together today to mark a momentous occasion – the signing ceremony of the Manufacturing Supply Agreement (MSA).
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Christopher & Lee Ong Update: Regional Competition Bites Q2 2023
Christopher & Lee Ong Update: Regional Competition Bites Q2 2023
In the Regional Competition Bites Q2 2023, Christopher & Lee Ong shares various legislative and regulatory developments across Southeast Asia.

On merger control, Cambodia has issued various new regulations which sets out applicable penalties for violating the Law on Competition and also introduces a post-merger notification regime. The Philippines has also issued non-horizontal merger review guidelines.
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FACTS AND INSIGHTS
The state of AI in 2023: Generative AI’s breakout year
The state of AI in 2023: Generative AI’s breakout year
The latest annual McKinsey Global Survey on the current state of AI confirms the explosive growth of generative AI (gen AI) tools. Less than a year after many of these tools debuted, one-third of the survey respondents say their organizations are using gen AI regularly in at least one business function.
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TIERED CORPORATE MEMBERS 2023
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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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