|AMCHAM Update #151 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.
|MESSAGE FROM THE CEO - HAPPY THANKSGIVING!|
|MY AMCHAM CARES 2020 RECIPIENTS|
AMCHAM is proud to announce this year’s 34 member companies that have been recognized under the MY AMCHAM CARES program! They managed to meet all criteria across the 4 pillars (Sustainability, Measurability, Communication & Strategy) for recognition, having successfully developed and deployed CSR activities throughout this year.
Congratulations to all 34 companies! Click on the 'Read More' tab to view the 2020 Recipients.
|AMCHAM'S WOMEN'S WEEK 2020|
We have an exciting series of events planned to celebrate women over a whole week, from 30 November 2020 to 4 December 2020. For more information and to secure your ticket, please refer to the individual event pages below. Please register for each event separately. *Information on Panel Discussions for Nov 30th and Dec 4th will be revealed soon, stay tuned.
The Dewan Rakyat today passed the country's biggest Budget at the policy stage, after 12 days of heated debates. Speaker Datuk Azhar Azizan Harun, who presided over the session, put the Budget to a vote which was passed through a majority voice at about 3.30pm, after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz completed his winding-up speech, today, 26 November 2020.
All 1.7 million foreign workers in Malaysia are now required to undergo mandatory COVID-19 screening due to the high number of cases among them. Effective Thursday (Nov 26), authorities will also start imposing a fine of RM50,000 per worker if the employers house foreign workers in crowded spaces.
|UPCOMING AMCHAM SIGNATURE EVENT|
|[NEW DATE: 14 December] Thanksgiving Luncheon 2020 & 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.
The Thanksgiving Luncheon will now take place at Hilton Kuala Lumpur on 14 December (Monday), 12.00pm -2.00pm.
We are hoping that come December we will all be able to safely celebrate together.
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
or click on the 'Read More' tab for more information
*New members are subject to a RM1000 joining fee.
|Survey Launch: The Impact of COVID-19 on Foreign Businesses across ASEAN|
ERIA and AmCham Indonesia will launch the survey result on 30 November at 10am. Join the launch to get a more in-depth analysis of how the foreign companies in ASEAN have responded and what plans they have to move forward post-COVID-19. AMCHAM's CEO Siobhan Das will be appearing as a guest speaker for the panel discussion. Click on the 'Read More' tab to register.
|LeadWomen and UN Women invite 300 Malaysian companies to commit to gender equality|
AMCHAM are excited to announce its partnership with LeadWomen and UN Women, as one of the supporting organizations for the upcoming WEPs Malaysia Activator Campaigns.
Join LeadWomen on 14 January 2021 where they will be officially announcing the UN Women and LeadWomen partnership, as well as formally introducing the Women Empowerment Principles into Malaysia!
Vegetable oil refining and production outfit Cargill Palm Products Sdn Bhd will invest US$20 million (RM81 million) to expand and modernize its palm oil production facility in Port Klang which is expected to be completed and running by February 2022. In a statement today, 26 November, Cargill said the improvements at the facility will include deploying new production technologies, upgrading equipment and adding new R&D capabilities.
Sime Darby Bhd's net profit rose 14.23 per cent to RM281.00 million in the first quarter (Q1) ended September 31, 2020, from RM246.00 million in the same period a year ago. In an exchange filing today, the conglomerate said this was mainly due to the strong performance from the motors division, particularly in China during the quarter.
The COVID-19 pandemic has had a profound impact on businesses in Malaysia. Issues like falling consumer confidence, job loss and supply chain disruption have occupied not just the news, but also the consciousness of business executives and the public. PWC conducted a study on the state of trust in medium-sized public companies during the COVID-19 pandemic. 'Read More' to find out.
As COVID-19 threw fragile global supply chains into disarray, many companies were stunned by their own vulnerability. The risk of depending on a supply base that is concentrated in one geographic region has been increasing over the past 30 years, but the pandemic quickly demonstrated how much chaos and pain one unexpected event could inflict.
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