|AMCHAM Update #139 COVID-19 Outbreak|
During this period of the Conditional Movement Control Order (CMCO) from 9 November until 6 December 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.
Malaysia continues to be a competitive location for manufacturing projects. In the first nine months of 2020, a total of 740 projects worth RM65.3 billion were approved compared with RM56.0 billion in 669 projects in the corresponding period of 2019, representing an increase of 16.6 per cent in capital investments.
There is no need to scan the MySejahtera app when filling up fuel or making payments at the pump when at petrol stations, says Senior Minister Datuk Seri Ismail Sabri Yaakob. The Defence Minister, however, clarified that this only applied to those who made electronic payments at the pump.
|UPCOMING AMCHAM SIGNATURE EVENT|
|[POSTPONED] 2020 Thanksgiving & MY AMCHAM CARES Celebration|
Due to the recent announcement of the extension of the Conditional Movement Control Order (CMCO) throughout most of the country until 6 December, AMCHAM has decided to postpone our much-loved Thanksgiving Luncheon to accommodate the rules around larger groups
Initially scheduled to take place on Tuesday, 24 November at Hilton Kuala Lumpur we are working with the hotel for an alternative date in mid-December. We will continue observing developments and SOPs and keep you informed.
We will continue to watch for further developments and changes in the SOPs in the coming weeks and make an informed decision closer to date about proceeding. We are hoping that come December we will all be able to safely celebrate together.
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|UPCOMING WEBINAR (NON-AMCHAM)|
|UNGCMY Virtual Sustainability Conference|
While answers to when, if, and how the post-COVID era will change ASEAN remains uncertain, the challenge staring down at us is how to make the regional economic recovery from the pandemic an environmentally, economically and socially sustainable one. During the 2 days, we take a deep dive to hear from experts on why making continuous investment in sustainability is important for crisis recovery efforts in ASEAN economies, seen through the lens of Corporates and SMEs.
A vaccine jointly developed by Pfizer and BioNTech was 90 percent effective in preventing COVID-19 infections in ongoing Phase 3 trials, the companies announced Monday. The statement was released as soaring coronavirus cases across the world have forced many millions of people back into lockdown, causing further damage to ravaged economies.
COVID-19 forced companies to switch to remote working very quickly. Although this migration went reasonably well in a short period of time, there are a few pitfalls that business managers need to be aware of. After all, the implementation of remote working is broader and deeper than most organizations realize. To be successful in the long term, a structured approach is needed, together with a significant investment to change corporate culture.
Facebook Malaysia’s Country Director, Nicole Tan has expressed the platform’s commitment towards fast forwarding Malaysia’s digital progress through small medium enterprises (SMEs) during the Facebook Summit 2020. “We know the pandemic has hit the smallest businesses the hardest. However, with Facebook tools, they have also managed to leverage on opportunities throughout these unprecedented times,” she said.
Malaysia Digital Economy Corp (MDEC) CEO Surina Shukri said today its Malaysia Tech Month 2020 (MTM 2020), which serves as a strategic extension of the government’s continued push to develop and sustain a vibrant digital economy, will help to set the stage for digital-led economic growth, including attracting critical investments for the digital and technology sectors.
The circular economy is one of the few disruptive concepts with universal appeal - with business leaders, investors, activists, economists and environmentalists. While gaining in populatity, the concepts of circularity have been around for centuries – from regenerative agriculture and bartering, to repair and reuse, to renewable energy and plant-based meat alternatives.
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