|AMCHAM Update #67: COVID-19 Outbreak|
United States-based companies in Malaysia have resumed operations and are adjusting to the post-COVID-19 recovery phase – with a focus on mitigating the risks that emerged while driving efficiency and productivity. Chief Executive Officer (CEO) of the American Malaysian Chamber of Commerce (AMCHAM), Siobhan M Das, said companies are taking necessary measures and are adjusting in the face of the new situation. “Despite these challenges, and reflecting (on) the long-term nature of American investment in Malaysia, the vast majority of our members are deploying their Business Continuity Plan and managing the operations to mitigate the risks as best as they can.
|Interview with U.S. Ambassador to Malaysia|
U.S. Ambassador to Malaysia Kamala Shirin Lakhdhir shares what she’s been up to back at home in Connecticut since late February. The United States is dealing not only with the COVID-19 pandemic and its economic disruption but also the widespread and ongoing protests over racial injustice. “When Malaysia imposed the MCO, our private sector, our American Malaysian Chamber of Commerce, the U.S. Embassy Kuala Lumpur, and Ministry of International Trade and Industry, Malaysia all worked together to get approvals because some of these companies needed to continue their operations, as they are part of the critical response in terms of public health."
|Catching or Missing the Boat? – Malaysia’s Role in the Global Value Chain, COVID-19 and Trade Uncertainties|
(23 June 2020 @ 4:00 pm - 5:00 pm)
AMCHAM is proud to partner with HSBC in delivering this exciting webinar that will address the current trade uncertainties and its implications on investments in Malaysia. This Webinar will also give insights and thoughts on the regional trade environment given the current COVID-19 pandemic.
|Recovery MCO: All AGMs allowed to take place from July 1|
All organisations, including political parties, sports bodies and corporations, will be allowed to hold their annual general meeting (AGM) from July 1, says Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob. With the decision, bodies registered under the Registrar of Societies (ROS), Companies Commission of Malaysia, Cooperatives Commission Malaysia and Sports Commission can plan for their AGM. “The special Cabinet meeting decided to allow this, provided the standard operating procedure (SOP) is followed strictly”
|Death and taxes: Income tax return forms due by June 30|
The Inland Revenue Board (LHDN) is reminding taxpayers (non-business category) to submit their Income Tax Return Forms (ITRF) for the 2019 assessment year by June 30. In a statement today, LHDN's board also urged taxpayers to ensure that their details on the ITRF are up-to-date, so as to ensure a smooth process for necessary tax refunds.
The advent of the COVID-19 pandemic and the Movement Control Orders have forced all organizations to alter the way in which their business is carried out. Micron Technology's senior vice president, global assembly and test, Gursharan Singh shares how it weathered through the pandemic challenges.
Following the Malaysian Government’s announcement to allow the resumption of domestic business events of up to 250 participants with the necessary precautions in place, the Kuala Lumpur Convention Centre
(the Centre) is thrilled and excited to recommence operations and is taking bookings with immediate effect for events commencing from 1 July 2020.
|UPCOMING WEBINARS (NON-AMCHAM)|
|Digital Banking: Malaysia’s Game-changer|
KPMG is pleased to work with Google Cloud
to bring you a series of webinar exclusives, focusing on how digital banking is poised to be a game-changer for the Financial Services sector in Malaysia. In the first session, we’ll demystify the journey in applying for a digital bank license, provide an overview of the digital banking landscape, and cover the highlights of the Digital Bank License application exposure draft and regulatory considerations on Cloud and Technology in Malaysia. This is the first of four webinars planned.
|Skrine Webinar | Practical Insights on Corporate Liability: 25 Days Later|
|25 June 2020, Thursday, 4.00pm – 5.00pm|
Hear from our panel of speakers on the issues faced by organisations, consultants and lawyers alike in dealing with the new Corporate Liability provision, Section 17A of the Malaysian Anti-Corruption Commission Act 2009.
As the COVID-19 crisis was breaking one of our clients wanted to cancel an upcoming workshop, fearing that face to face was the only option for an effective workshop. And it’s true, digital workshops risk becoming like a video-conference at the UN, with each person standing up to say their piece rather than working together to build something new.
COVID-19 has shocked the world and sent economies spinning. It was late-2019 when the virus first appeared in the Chinese city of Wuhan. Initially, it only affected China, but its effects are now felt around the globe, with many countries in lockdown. Many businesses are fighting to survive, and marketing will be an essential part of their recovery. We have already provided a series of marketing tips that will help many firms better weather the Coronavirus crisis.
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