Honeywell International Inc has signed a memorandum of understanding (MoU) with Petroliam Nasional Bhd (Petronas) for strategic sustainability, digitalisation and carbon-neutral energy initiatives.
Petronas will collaborate with Honeywell for solutions within four specific areas, namely digital transformation, sustainability and emissions management, cybersecurity, and leadership and capability management.
The Personal Data Protection Act 2010 (“PDPA”) is the main legislation which regulates the processing of personal data in the context of commercial transactions. Pursuant to section 7 of the PDPA (the Notice and Choice Principle), every data user must prepare a written statement which sets out the information as prescribed under the PDPA.
In this regard, the Personal Data Protection Department (Jabatan Perlindungan Data Peribadi or “JPDP”) recently issued the Guide to Prepare Personal Data Protection Notice (“Guidance Note”) to provide guidance to all data users on the preparation of simple but comprehensive personal data protection notices (also known as “privacy notices”), which are aligned with the current business ecosystem as well as the personal data protection landscape in Malaysia.
Pursuant to the issuance of the Guidance Note, this Update seeks to provide a brief summary of the requirements for the preparation of privacy notices, as well as the potential impact on data users vis-à-vis their compliance with the Notice and Choice Principle.
With countries all over the world imposing sanctions on Russia due to the invasion of Ukraine, businesses, particularly exports may also be impacted. Today, AMCHAM and AmCham Singapore in partnership with the U.S. Department of Commerce held a special briefing session to better understand the various effects of the sanctions on business.
Matthew S. Borman, Deputy Assistant Secretary of Commerce for Export Administration. U.S. Department of Commerce, together with his team, provided insights on the export control restrictions, the categories of products and sectors affected and the impact on businesses in the region.
May Teo, Aerospace & Defense Committee Co-Chair and Associate Director, Operations, Turbine Overhaul Services Pte Ltd, Pratt & Whitney moderated the Q&A session to answer queries from the attendees.
Special thanks to the guest speakers for helping us navigate the complexities of the restrictions and thank you to AmCham Singapore for collaborating with us for this webinar.
InvestKL secured RM2.46 billion worth of investments through 13 global services hubs, which created 2,281 regional executive jobs, in 2021, according to its Chief Executive Officer Muhammad Azmi Zulkifli.
Speaking at an event in Kuala Lumpur on Thursday (March 24), Azmi shared that InvestKL’s achievement in 2021 was the best it had recorded over the last decade.
The majority — or 86% of Malaysian businesses — are ready to live with Covid-19, while 77% of companies are prioritising technology adoption in the near term as they look to accelerate their adaptation to the new normal, according to Ernst & Young Consulting Sdn Bhd (EY).
EY conducted the EY Business Pulse Survey between October and December 2021 to assess the readiness of Malaysian businesses to transition to the Covid-19 endemic phase. Over 500 companies participated in the online survey, including both large enterprises and micro, small and medium enterprises (MSMEs).
The survey also found that 43% of respondents are optimistic that business will recover to pre-pandemic levels within the next one to two years. This is encouraging as Malaysia moves into the endemic phase on April 1.
