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AMCHAM Update #501
Dear Subscriber,
CHAMBER NEWS
We're Hiring - Government Relations (Mid & Senior Level)
We're Hiring - Government Relations  (Mid & Senior Level)
Reporting directly to the AMCHAM CEO/Executive Director, this role is responsible for the following tasks:
  • Develop and implement a comprehensive Government and External Affairs deliverable and strategy in coordination with the CEO / AMCHAM Leadership.
  • Conduct meetings of AMCHAM members to engage them to understand their business models and encourage them to volunteer their expertise to support the advocacy goals of the Chamber.
  • Support business leaders and sectors; work with AMCHAM committees to grow community and content.
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NEWS UPDATE
CPTPP shows positive increase in trade and FDI, beneficial for Malaysian companies, SMEs
CPTPP shows positive increase in trade and FDI, beneficial for Malaysian companies, SMEs
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), globally hailed as the gold standard for free trade agreement, has now been in force for five years.

With Brunei’s ratification and implementation of the CPTPP on 12 July 2023, and the signing of the UK Accession Protocol on 16 July 2023, the CPTPP currently provides a market of 500 million people, while collectively generating 15.4% of global GDP.
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MEMBER NEWS
Cold chain, unlocked: The cold storage opportunity in Asia Pacific
Cold chain, unlocked: The cold storage opportunity in Asia Pacific
Cold storage may still be a specialised segment within the logistics sector, but owners, developers, and investors have been attracted by its strong demand drivers and appealing fundamentals, including stable cash flows, longer lease terms, and the opportunity for portfolio diversification.

With the real estate needs for such facilities rapidly evolving, the increasingly complex requirements are raising the barriers to entry into the niche sector, though it’s done little to slow its rapid growth.
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Articles by Tay & Partners (December 2023)
Articles by Tay & Partners (December 2023)
Cisco Malaysia: AI emerges as a “must-have” tech in Malaysia’s 2024 tech landscape
Cisco Malaysia: AI emerges as a “must-have” tech in Malaysia’s 2024 tech landscape
From the widespread embrace of digital transformation to the burgeoning importance of cybersecurity and the transformative potential of Artificial Intelligence (AI) which will only continue to gather pace in the new year, many emerging trends have impacted the country’s business landscape.

This article lists some of the key business and technology trends we foresee to open a new chapter for Malaysian companies in the year ahead.
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SC 2024 FX Outlook: MYR, IDR to be outperformers
SC 2024 FX Outlook: MYR, IDR to be outperformers
Standard Chartered in its FX 2024 outlook, expects ASEAN FX to recover against the USD this year. However, the bank expects any turns in the negative drivers to be gradual and laborious, a theme likely to be repeated throughout the year. A key factor is that US rates are likely to stay meaningfully higher than regional rates versus historical trends. It thinks the Fed will cut by only 50bps in H2-2024, while markets have priced in an aggressive six cuts of 25bps each.
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FACTS AND INSIGHTS
To prove your company isn’t greenwashing, endorse smart regulation
To prove your company isn’t greenwashing, endorse smart regulation
The term greenwashing was coined by environmentalist Jay Westerveld in 1986 as a rebuke to companies that claimed to be environmentally friendly without offering any evidence to back up their claims

Whether you call it propaganda or greenwashing, the tactics worked well for a time, and myths around individual responsibility for global crises persist today. However, thanks to the rise of the internet and social media and the proliferation of data on ESG performance, the tide seems to be turning.
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TIERED CORPORATE MEMBERS
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MEMBER BENEFITS PROGRAM
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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: 
    

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