|AMCHAM Update #136 COVID-19 Outbreak|
During this period of the Conditional Movement Control Order (CMCO) from 27 October 2020 until 9 November 2020, AMCHAM will once again be bringing you daily updates on the latest COVID-19 developments, which includes the efforts of Government and initiatives from other bodies and organizations.
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Three sub-districts in Perak, Terengganu and Negri Sembilan will be under conditional movement control order (MCO) from Nov 7 to 20, says Senior Minister Datuk Seri Ismail Sabri Yaakob. The sub-districts are Parit Buntar in Perak, Rasau in Dungun, Terengganu and Jimah in Port Dickson in Negri Sembilan.
All economic and industrial activities in Penang’s Mukim 12 are allowed to continue as long as full compliance with regulations under the conditional movement control order (CMCO) is ensured, Chief Minister Chow Kon Yeow said today. The area has been placed under travel restrictions from tomorrow until November 19 to prevent further COVID-19 infections and is the hub for Penang’s factories.
Senior Minister Datuk Seri Ismail Sabri Yaakob today announced that Mukim 12 under the Barat Daya district of Penang will come under a conditional movement control order (CMCO) from November 6 until 19. Ismail said the decision to impose a CMCO in the aforementioned area, which covers the area of Bayan Lepas, comes after 35 Covid-19 positive cases, including 11 new cases, were recorded since November 3.
|UPCOMING AMCHAM SIGNATURE EVENT|
AMCHAM will be celebrating our annual Thanksgiving Luncheon once again this year which will be hosted by Hilton Kuala Lumpur! We are honoured to have H.E. Ambassador Kamala Shirin Lakhdhir present for the traditional festivities as well as to celebrate the companies who will be recognized for their commitment towards Corporate Social Responsibility (CSR) throughout the year as part of the MY AMCHAM CARES program.
With this in mind, we are reaching out to our members for support in contributions towards theLucky Draw segment of the event. Please do let us know if you are able to contribute in any way towards prizes for the lucky draw. Please note the deadline to confirm contributions is 18 November 2020.
If you have not renewed your membership for 2021, please do so today.
We invite you to consider supporting a strong Chamber by selecting a membership tier that deepens your engagement with AMCHAM. Basic membership starts with a minimum investment of RM6,000* for year-long benefits, levels increase to up to Platinum! Contact us today at firstname.lastname@example.org
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*New members are subject to a RM1000 joining fee.
Investing in US technology stocks has become a defensive play this year, according to Franklin Templeton Asset Management (M) Sdn Bhd CEO and country head Avinash Satwalekar. He said investors tend to perceive US technology stocks as cyclical stocks that are volatile in earnings and share price performance.
According to JLL, logistics and data centre markets have accelerated in the Asia-Pacific region and primarily drove up industrial market transactions by 76% year-on-year (y-o-y) in the third quarter of 2020 (3Q20). In contrast, office transactions went down 35%, while retail and hotel transactions fell 51% and 87% y-o-y respectively during the quarter. JLL Property Services (M) Sdn Bhd country head YY Lau said that Malaysia is also seeing healthy interest in the logistics and data centre market.
InvestKL has managed to reach its target of 100 MNCs in what has been a challenging year. We talk to CEO Muhammad Azmi Zulkifli about how the organisation intends to attract more companies in this new normal and its plan for the next 100.
The Sunway Medical Centre here has contributed more than RM300,000 worth of medical supplies to the Queen Elizabeth Hospital and other hospitals in Sabah to support the efforts of medical frontliners in managing the recent rise in COVID-19 cases. It has channeled two ventilators worth RM110,000, 22 cartons of hand sanitisers, 20,000 pieces of KN95 masks and 1,000 boxes of surgical masks to hospitals in Sabah battling COVID-19.
With a sharper corporate focus on achieving Environmental, Social and Governance (ESG) impact, the appetite for investments that address some of the world’s most pressing challenges has grown steadily in recent years. In seeking to address these challenges, business has an historic opportunity. It cannot abdicate its responsibility in working for a more just and progressive society for one fundamental reason: such an environment is a prerequisite for a sustainable, resilient and market-oriented private sector.
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