|AMCHAM Update #76: COVID-19 Outbreak|
|AMCHAM Participates in Industry Roundtable|
On July 4, AMCHAM’s CEO, Siobhan Das was invited to participate in an industry roundtable with Y.A.B Datuk Haji Hasni Bin Mohammad, Menteri Besar, Johor, and Y.B. Dato’ Seri Mohamed Azmin Bin Ali, Senior Minister and Minister of International Trade and Industry (MITI). Hosted by Bower Asia Group, Malaysia the meeting brought representatives from industry together with an array of local, state, and federal authorities and representatives.
COVID-19 has drastically changed consumption habits and retailers need to recalibrate their strategies to emerge stronger from the crisis. Southeast Asia’s retail sector has not been spared by the COVID-19 pandemic, with notable shifts across purchasing channels and categories. The crisis has disrupted daily life and led to massive dislocation of the global economy, with the International Monetary Fund estimating real global GDP growth for 2020 to be -3%.
|UPCOMING WEBINARS (NON-AMCHAM)|
|Launch of the Global Investment Competitiveness Report 2019/2020|
|Friday, July 10, 2020, 8:00 – 9:00 a.m. (Bangkok Time), 9:00 – 10:00 a.m. (KL/ Manila Time)|
The Global Investment Competitiveness Report 2019/2020 comes at a critical time—a period of economic uncertainty marked by the coronavirus outbreak (COVID-19), a challenging global policy environment for investment and trade, rising protectionism, and shifting trade and investment preferences. These forces are changing the patterns of international production and corporate decision-making, creating both opportunities and risks for foreign investment. The report finds that rising policy uncertainty is darkening the outlook for foreign direct investment. Unfortunately, these negative effects will only be exacerbated by the economic challenges and policy uncertainty brought by the spread of the virus.
Considering the difficult global environment, this report focuses on what the governments of developing countries can do to enhance investor confidence, maximize investments’ contributions to inclusive growth, and foster the investment competitiveness of their economies. It delivers novel analytical insights, fresh empirical evidence, and actionable recommendations for governments eager to raise investor confidence in times of uncertainty. Click here
to download the full report.
To join via Webex
, click here
Meeting number: 160 590 5517
Meeting password: QRnqUjV5N53
|Webinar Invitation: CLOcking In: The Morning Employment Chatter|
|Part 1: July 13, 2020, 10:30 a.m. / Part 2: July 20, 2020, 10.30 a.m.|
The COVID-19 pandemic has compelled many Malaysian organisations to manage their costs efficiently and keeping it at a minimum. Given this circumstance, security of tenure has become a cause of worry for employees; requiring employers to address difficult questions and doubts from their employees.
In the first series of our employment webinar, we covered the topics on termination and retrenchment.
Christopher & Lee Ong is happy to host our second series of employment webinar where we will share our thoughts on dealing with how employers can manage misconduct and poor performing employees amidst the uncertainty and issues of security of tenure
- 13 July 2020 (Part 1):
- Organizational Integrity: Managing Corporate Misconduct
- 20 July 2020 (Part 2):
- Dealing with Employee Poor Performance
Join us for these interactive sessions where we will address your burning employment questions from a Malaysian law perspective.
Registration is complimentary and by invitation only. To register, please complete the online registration form, using your work email. Successful registrants will receive a confirmation email.
The light at the end of the tunnel appears to be in sight for the hospitality industry as movement control restrictions are eased following a decrease in COVID-19 infections. Interstate travel is now allowed in Malaysia and as the hospitality sector gears up for visitors, there is talk of forming a travel bubble, which essentially means two or more countries that have contained the pandemic agreeing to open their borders to each other. The reality, however, is that travellers are not yet ready for international visits, hence putting domestic travel in focus for the rest of the year.
Six months ago, on-demand home delivery was far from mainstream — a luxury for those willing to pay for convenience, skewing towards young professionals in major cities. The Covid-19 crisis changed that, almost overnight. Now everyone is ordering everything from household staples to ice cream on-demand. Existing delivery services like DoorDash and Instacart have stepped up operations, and new entrants have appeared as well; the payments platform Toast, for example, announced its own delivery offering.
After months of enforced working from home during lockdown, when only a quarter of UK employees want to go back to the office full time, 55 per cent report higher levels of productivity. The finding, by identity management firm Okta, reveals a major productivity benefit of remote work, which bodes well as a future model for businesses that embrace the necessary technology and digital transformation
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