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AMCHAM Update #352 COVID-19 Outbreak
Dear Subscriber,

As Malaysia gradually reopens, the COVID-19 pandemic continues to play a significant role on businesses and livelihoods. AMCHAM will continue to bring you daily updates on the latest COVID-19 developments, which includes vaccination updates, Government-issued orders, regulations, and SOPs as well as initiatives from related bodies and organizations.
AMCHAM'S PENANG DIALOGUE 2021
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Sponsorship opportunities are now available. Sponsors will get maximum visibility amongst key decision makers and influencers within the local and foreign business community. Don’t miss this opportunity to engage and showcase your business at our Penang Dialogue. Sponsorships are limited, and accepted on a first come first serve basis. To sponsor this event, contact our events team at events@amcham.com.my.
UPCOMING AMCHAM WEBINARS
AMCHAM Members' Briefing
AMCHAM Members' Briefing

date

Oct 6, 2021
(4 PM - 5 PM) (GMT+8)
Will 2022 be a Watershed Year for Trade in Asia-Pacific?
Will 2022 be a Watershed Year for Trade in Asia-Pacific?

date

Oct 22, 2021
(9 AM - 10:30 AM) (GMT+8)
CHAMBER NEWS
GATE 40: Forty Minutes with Hasnul Nadzrin Shah, IBM
GATE 40: Forty Minutes with Hasnul Nadzrin Shah, IBM
Today, AMCHAM had another instalment of the GATE 40 sessions, this time featuring Hasnul Nadzrin Shah, Director – Government and Regulatory Affairs from IBM.
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NEW AMCHAM MEMBERS
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UPCOMING WEBINAR (NON-AMCHAM)
MNSC Webinar on Airfreight: A Viable Alternative to Sea Freight for Faster, Cheaper and Reliable Door to Door Services
MNSC Webinar on Airfreight: A Viable Alternative to Sea Freight for Faster, Cheaper and Reliable Door to Door Services
Are you looking for a viable alternative to sea freight since the price of sea freight is skyrocketing? Do you need to address the supply chain bottlenecks in the sea freight market? Looking for a cost-efficient transportation alternative to export and import your products and on schedule?
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VACCINATION NEWS
Ten COVID-19 vaccination centres in Penang will remain open until October 31
Ten COVID-19 vaccination centres in Penang will remain open until October 31
A total of 10 COVID-19 vaccination centres in Penang will continue to operate until October 31 while children above 12-years-old can walk-in from Wednesday onwards (October 6) health. The Health Minister has agreed to the state’s request, submitted on September 27, to extend the operations of the 10 PPVs in the state.
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Another 2% of adult population to be fully vaccinated before state borders reopen
Another 2% of adult population to be fully vaccinated before state borders reopen
With 88% of the adult population in Malaysia fully vaccinated, interstate travel could be allowed in less than a week's time. 88% of our adult population has been fully vaccinated. That is another 2% until state borders are open and Malaysians will no longer need to apply for MyTravel Pass (MTP) to travel abroad
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NEWS UPDATE
Malaysia's January-August trade up 22.9% to RM1.4 trillion
Malaysia's January-August trade up 22.9% to RM1.4 trillion
Malaysia’s trade from January to August this year increased by 22.9% to RM1.4 trillion compared to the same period last year.

Exports expanded 24.9% to RM778.49 billion, while imports increased 20.4% to RM628.29 billion, with the trade surplus surging 48.2% to RM150.2 billion.
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Recovery for ports, logistics sector in sight: Kenanga Research
Recovery for ports, logistics sector in sight: Kenanga Research
Ports and logistics sector is seeing gradual earnings recovery in the second half (2H) of 2021, according to Kenanga Research. This is supported by COVID-19 vaccinations rollouts, normalisation of domestic and global economic activities, as well as pent-up demand effect in general. Kenanga Research, however, has retained a "neutral" call on the sectors given the lack of near-term catalysts.
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TRADE POLICY NEWS
Sarah Bianchi sworn in as Deputy United States Trade Representative
Sarah Bianchi sworn in as Deputy United States Trade Representative
Sarah Bianchi was sworn in as Deputy United States Trade Representative today by United States Trade Representative Katherine Tai. Ambassador Bianchi’s portfolio will include Asia, Africa, Investment, Services, Textiles, and Industrial Competitiveness. She was confirmed by the United States Senate on September 23, 2021.
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MEMBER NEWS
Kuala Lumpur’s private and international school vaccination centre opens at ISKL
Kuala Lumpur’s private and international school vaccination centre opens at ISKL
On September 29, 2021, the Adolescent COVID-19 Vaccination Centre opened its doors at The International School of Kuala Lumpur (ISKL) in Ampang Hilir. Implemented by the Ministry of Health, the Vaccination Centre serves 12 to 17 year old students in both private and international schools in the area, with around 18,000 students anticipated to receive their vaccinations at the ISKL Centre.
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EY Tax Alert No. 20/2021
EY Tax Alert No. 20/2021
EY has released its latest tax alert issue No. 20/2021. This issue covers:
  • Guidelines for Principal Hub (PH) incentive 3.0
  • Guidelines for Global Trading Centre (GTC) incentive
  • Guidelines on tax incentive for manufacturers of pharmaceutical products
Read More
FACTS AND INSIGHTS
COVID-19: What you need to know about the coronavirus pandemic on 4 October
COVID-19: What you need to know about the coronavirus pandemic on 4 October
This daily round-up brings you a selection of the latest news and updates on the COVID-19 coronavirus pandemic, as well as tips and tools to help you stay informed and protected. Confirmed cases of COVID-19 have passed 234.9 million globally, according to Johns Hopkins University. The number of confirmed deaths stands at more than 4.8 million. More than 6.31 billion vaccination doses have been administered globally, according to Our World in Data.
Read More
TIERED CORPORATE MEMBERS 2021
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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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