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Dear Subscriber,
AMCHAM Update #106: COVID-19 Outbreak
 
LATEST NEWS UPDATES
Prime Minister to announce decision on recovery MCO this week
Prime Minister to announce decision on recovery MCO this week
Malaysia will learn if the recovery Movement Control Order (MCO) will end or be extended this week. The recovery MCO is scheduled to end on Aug 31 and the Health Ministry has recommended that the phase should be extended. "The announcement will be made by Prime Minister Tan Sri Muhyiddin Yassin. It will likely be this week, since the announcement (on MCO extensions) is usually made a week before.
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Latest summary the of COVID-19 impact on the Southeast Asian tourism industry (August 23, 2020)
Latest summary the of COVID-19 impact on the Southeast Asian tourism industry (August 23, 2020)
Pear Anderson has been keeping track of the impact of the COVID-19 pandemic on Southeast Asian travel industry. This is the latest update as of August 23, 2020. Singapore announced unilateral border openings to New Zealand and Brunei, whilst Thailand seems to be powering towards opening up Phuket for international tourists on 1 Oct. Domestic tourism is picking up in Cambodia and Indonesia generating plenty of opportunities for locals to get out and explore.
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UPCOMING AMCHAM WEBINAR
[DATE UPDATED]  An Analysis of the Democrat and Republican Conventions in the US
[DATE UPDATED] An Analysis of the Democrat and Republican Conventions in the US

date

Sep 2, 2020
(3 PM - 4 PM)
 
SAVE THE DATE
 
AMCHAM's Penang Dialogue 2020 - 26 October 2020
AMCHAM's Penang Dialogue in October will bring together key decision makers and deep-dive into strategies and the way forward in the "Next Normal." We are working on a very special program and we will announce more details as soon as possible. If you have a particular area of interest please let us know, there may be an opportunity to share in the program. Please be on the lookout for updates.
UPCOMING WEBINAR (AMCHAM-MEMBER)
 
Standard Chartered Live Webcast - Malaysia at the Heart of Digitalisation
Thursday, 3 September 2020, 3.30pm
Thursday, 3 September 2020, 3.30pm
Companies and individuals are embracing digital alternatives at rapid speed. Can technology help companies recover from COVID-19? Join us and Dato’ Sri Norazman Ayob, Deputy Secretary General of the Ministry of International Trade & Industry to find out how Malaysia is making the digital leap into Industry 4.0. Click on the 'Read More' tab to register.
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MEMBER HIGHLIGHTS
EY Tax Alert (24 August 2020)
EY Tax Alert (24 August 2020)
EY has released their latest tax alert issue. This issue covers new legal developments in Malaysia including:
  • The Guidelines on the imposition of penalties for failure to furnish tax returns
  • Management and control requirements for pure equity holding Labuan entities
  • Frequently Asked Questions on International Tax Issues due to the COVID-19 Travel Restrictions
  • Public Rulings and Technical Guidelines on the tax treatment of research and development (R&D) expenditure
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Oracle’s tech innovations builds resilience in uncertain times
Oracle’s tech innovations builds resilience in uncertain times
The COVID-19 pandemic disrupted trade and impacted economies across the world. As countries in Asia-Pacific, including Japan, ease social restrictions, businesses have come to realise that consumers have changed behaviours, sentiment and beliefs. "In response, the more proactive companies are introducing new strategies to connect deeply with their customers,” observes Fitri Abdullah, managing director of Oracle Malaysia.
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#MyDigitalWorkforce Week: Digital is where the jobs are, but communication, self-improvement will prove important to land them
#MyDigitalWorkforce Week: Digital is where the jobs are, but communication, self-improvement will prove important to land them
In a post COVID-19 world, a vital question surfaces: will there be jobs, and where will they be? While Malaysia may be on the road to recovery following the movement control order (MCO), there is undoubtedly still concern about the prospect of work in uncertain socio-economic times. The short answer is that work opportunities are still aplenty.
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FACTS AND INSIGHTS
COVID-19: Saving thousands of lives and trillions in livelihoods
COVID-19: Saving thousands of lives and trillions in livelihoods
On March 23, 2020, McKinsey introduced the twin imperatives of safeguarding our lives and our livelihoods and a nine-scenario framework to describe potential economic and COVID-19 outcomes. At the time, we wrote that the best combined outcomes depended on a rapid and effective public-health response that controlled the spread of the novel coronavirus within two to three months. Similarly, in May, we wrote that crushing uncertainty by reducing the virus spread to near zero was likely the big “unlock” for most economies.
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CORPORATE PARTNERS 2020
 
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STAY UPDATED ON THE LATEST HAPPENINGS - Click Below
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MEMBER BENEFITS PROGRAM - click below for more information
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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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