On 9 February, AMCHAM in collaboration with the American Association of the Indo-Pacific (AAIP) held a virtual briefing on IPEF (Indo-Pacific Economic Framework), conducted by Jackson Cox, Interim President of AAIP
This session provided an excellent opportunity for our members who attended the session to learn more about IPEF, its potential impact on businesses, the IPEF taskforce, where negotiations are at and what actions the IPEF taskforce is taking to move the needle on IPEF.
Thank you to Jackson Cox for this insightful session and for answering the questions by our members, and special thanks for our CEO, Siobhan Das for calling in all the way from Hawaii!
In Malaysia, trademark matters are governed by the Trademarks Act 2019 (“TA 2019”), the Trademarks Regulations 2019 as well as the relevant case law (related to trademark) decided by the courts.
Once a trademark is registered with the Intellectual Property Corporation of Malaysia (“MyIPO”) (“Registered Trademark”), the TA 2019 grants to the proprietor of such Registered Trademark:
(a) the exclusive right to use such Registered Trademark in relation to the goods or services for which the Registered Trademark is registered in Malaysia; and
(b) the exclusive right to authorize other persons to use such Registered Trademark in relation to the goods or services for which the Registered Trademark is registered in Malaysia.
Maintenance of the Validity of a Registered Trademark:
To maintain the rights obtained through registration of a Registered Trademark, the Registered Trademark must be renewed every ten (10) years within the prescribed time. In other words, as long as the proprietor of the Registered Trademark continues to renew the same every ten (10) years, the registration of such Registered Trademark will continue to remain valid.
Kuala Lumpur, 9 February 2023 – Gibraltar BSN Life Berhad (‘Gibraltar BSN’), one of Malaysia’s fast growing life insurance companies, today rolled out its latest protection plan for Malaysians to secure their legacy in both their life and business with GoSecure and GoSecure+.
GoSecure and GoSecure+ are modular term insurance plans that give customers the flexibility to choose both the coverage and premium payment terms, the coverage amount for death and total permanent disability, and also provides Cash Booster, an optional rider, to receive an additional maturity benefit.
Gibraltar BSN’s Chief Executive Officer, Lee Kok Wah said “The Covid-19 pandemic saw more than 37,000 SMEs cease operations after the third round of the movement control order.1 With GoSecure and GoSecure+ business owners will be able to take necessary precautions to safeguard their businesses financially for sustainability. Our latest protection solutions were specifically designed to offer customers the flexibility of expanding their protection based on their ever-evolving circumstances and business needs.”
98.5% of business establishments in Malaysia are small- and medium-sized enterprises (‘SMEs’)2, with more registering their businesses every year, forming the backbone of the nation’s industrial development. But despite their pivotal role in the development and growth of the economy, an estimate of 60% of SMEs fail within 5 years of establishment. 3
Kok Wah added, “We believe that our customer’s businesses are their brainchild and that they work hard to build. Which is why it is essential for our customers to financially protect their family and business should something unfortunate happen to them.”
With GoSecure and GoSecure+, customers can choose from a selection of coverage terms ranging from 5 years to a full term to suit their own personal protection needs. GoSecure+ also comes with additional coverage for 45 Critical Illnesses for that greater peace of mind.
Visit www.gibraltarbsn.com for more information on GoSecure and GoSecure+. Alternatively, customers can also chat with Gibraltar BSN’s Chatbot GINA via Whatsapp at 03-2298 2477 and on Gibraltar BSN’s official Facebook page for additional information.
1 Source: Over 37,000 businesses shut down during MCO 3.0, Free Malaysia Today, 2021 (https://www.freemalaysiatoday.com/category/nation/2021/09/28/over-37000-businesses-shut-down-during-mco3-0/)
2 Source: Economic Census 2016, Department of Statistics Malaysia (DOSM)
3 Source: Growth Challenges of SMEs: Empirical Evidence in Sabah, Malaysia, ASEAN Entrepreneurship Journal (AEJ), 2020
The Value-Based Healthcare (VBHC) system is a framework meant to restructure the healthcare systems with the end goal of delivering value for patients. On 7 February, AMCHAM, in partnership with APACMed hosted a summit that brought together stakeholders within healthcare to raise awareness of the VBHC system while also discussing healthcare in Malaysia.
Shakilla Shahjihan, Chair, Government Affairs & Market Access Committee, APACMed & Divisional Vice provided the opening remarks virtually. Glenda Teng, Regional Head, Government Affairs & Market Access Committee, APACMed launched the report on Value-Based Market Access in Asia-Pacific.
Datuk Dr. Kuljit Singh, President at Association of Private Hospitals Malaysia delivered the keynote address, elaborating on the nature of Malaysia’s healthcare system after the impact of COVID-19, the strengths and weaknesses and also where it can be improved. He then proceeded to join the panel discussion alongside Dr. Izzuna Mudla bt Mohamed Ghazali, Head of Malaysian, Health Technology Assessment Section (MaHTAS), Medical Development Division, Ministry of Health; and Antony Lee, Chairman, General Insurance Association of Malaysia (PIAM) / Chairman, AMCHAM Malaysia/CEO, AIG Insurance Malaysia. This session was moderated by Arif Fahim, Regional Director, Global Health Economics & Reimbursement, APAC, Abbott.
The panel discussion tackled the various issues involved in healthcare, particularly in Malaysia and how value is defined and established, with an emphasis on the patient as the end user. Thank you to all our guest speakers and panelists for an interesting discussion on healthcare.
AmChams of the Asia Pacific (AAP) is pleased to invite member companies to Bangkok, Thailand for the 2023 AAP Business Summit, held in partnership with Trade Winds ASEAN and the US Commercial Service.
This three-day program is an unparalleled opportunity designed to help companies achieve growth and exposure in the Asian markets with exciting conference programing as well as multiple networking opportunities with leading US and multinational companies, senior US commercial diplomats from over 20 Asian countries, regional industry experts, and government officials. Participation includes the ability to self-schedule one-on-one networking meetings with other forum attendees.
Event Agenda
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