Bursa Malaysia Securities Berhad (“Bursa Securities”) has assumed the functions of prospectus review and registration in respect of ACE Market initial public offering (“IPO”) and listing from the Securities Commission Malaysia (“SC”) since 1 January 2022.
The following laws and guidelines have been amended to facilitate the migration of the said functions from the SC to Bursa Securities. The amendments come into force on 1 January 2022.
- Capital Markets and Services Act 2007
- ACE Market Listing Requirements (“AMLR”)
AMCHAM was invited to meet with Mr. Mohamed Nasser Abdul Razak, Senior Director of Services Sector Development Division, and his team at the Ministry of International Trade & Industry (MITI) on February 23.
It was an informative session focusing on challenges and opportunities to develop the services sector to support a robust ecosystem and bring Malaysia up the global value chain.
Thank you, Mr. Nasser and the team, for the time, and we at AMCHAM look forward to engaging regularly!
AMCHAM is back up north, this time for a talent briefing with the Malaysian Investment Development Authority and the other agencies – namely the Immigration Department, MARA, Ministry of Higher Education, PERKESO, and Universiti Sains Malaysia – to update AMCHAM members in Penang on what can be done jointly in the talent space.
AMCHAM members were pleased with the avenue to put forward their queries to relevant agencies. The event concluded with a networking session where members got a chance to engage with the respective teams and exchange contacts.
Standard Chartered Malaysia has entered into an environmental, social, and governance (ESG)-linked derivative transaction worth MYR251 million with Etika Group of Companies, marking the first such transaction executed by a homegrown fast-moving consumer goods (FMCG) corporate in Malaysia.
The structure of the transaction involves a pricing mechanism where a discount or premium will be applied depending on whether Etika achieves the pre-agreed sustainability-related key performance indicators (KPIs) that are tied to the greenhouse gas emissions intensity of the Etika Beverage Plant and Etika Dairy Plant.
Abrar A. Anwar, MD, and CEO of Standard Chartered Malaysia said, “For a leading homegrown player like Etika to take ownership in actively reshaping their group sustainability plans to address today’s pressing environmental and social concerns is a commendable move. It has been such a humbling experience for us to walk alongside them as they journey to being a more sustainable business.
HONG KONG SAR, China, February 21, 2022 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced a new alliance with BigCommerce (Nasdaq: BIGC), an open SaaS e-commerce platform. BigCommerce merchants signing up for the FedEx-BigCommerce alliance program can enjoy enhanced shipping capabilities, with access to a premium delivery experience for their customers at reasonable prices.
The benefits include:
- Highly competitive rates: BigCommerce merchants joining this program will receive competitive discount rates from FedEx Express®, together with simple, streamlined access to FedEx shipping services.
- Enhanced shipping capabilities: BigCommerce merchants can leverage a vast portfolio of FedEx e-commerce solutions, including FedEx Electronic Trade Documents; a portfolio of flexible, simple return solutions; and the FedEx Hold-at-Location services, which gives BigCommerce merchants the choice to have their packages delivered conveniently and safely to various grocery stores, pharmacies, and FedEx office locations.
“The collaboration with BigCommerce is yet another milestone for FedEx as we continue strengthening our capabilities within the e-commerce ecosystem to best serve businesses in this region,” said Kawal Preet, president of Asia Pacific, Middle East and Africa (AMEA) at FedEx Express. “With e-commerce being a key driver of global trade in the post-pandemic world,[1] a level playing field will support e-merchants of all sizes to compete on a global scale. That’s why alliances such as these are so critical for SMEs to strengthen their delivery capabilities and meet their customers’ heightened expectations while expanding their footprint overseas.”
The strategic alliance comes as e-commerce in the Asia Pacific, Middle East, and Africa region (AMEA) region is on a skyrocketing growth trajectory fueled by the pandemic.[2] In Asia Pacific alone, e-commerce sales are expected to nearly double by 2025, reaching $2 trillion.[3] Online sales in the Middle East and Africa region (MENA) are also projected to exceed $50 billion by the end of 2022.[4]
Alongside the rapid growth in e-commerce sales, merchants face mounting pressure in delivering products quickly and cost-efficiently to customers across the world. A BigCommerce survey revealed that 77% of global consumer respondents would consider abandoning an e-commerce purchase if the shipping options are unsatisfactory.[5]
“Every decision we make ladders back to helping BigCommerce merchants grow and scale their businesses and deliver the best customer shopping experiences. It’s never been more important for merchants to equip themselves with the most reliable shipping solutions to ensure their products are delivered in a timely manner,” said Shannon Ingrey, vice president and general manager of APAC for BigCommerce. “Our collaboration with FedEx unlocks more options for BigCommerce merchants to offer premium delivery experiences as part of their end-to-end e-commerce journey. We look forward to working with FedEx to ensure our merchants have all the resources available to meet customer needs quickly and efficiently”.
FedEx is committed to supporting small businesses to seize the growth opportunities brought about by the e-commerce boom. Recently, FedEx further enhanced its cross-border e-commerce capabilities with the launch of FedEx® International Connect Plus (FICP), a new FedEx Express International, day-definite, e-commerce shipping service that combines competitive speed with attractive prices[6].
BigCommerce is also offering new merchants free services for their first two months[7]. Merchants interested in signing up with BigCommerce or learning more about how to take advantage of FedEx portfolio of ecommerce solutions can visit https://www.bigcommerce.com.au/dm/fedex/
[1] http://en.people.cn/n3/2020/0927/c90000-9764933.html
[2] https://news.un.org/en/story/2021/05/1091182
[3] https://www.euromonitor.com/article/e-commerce-sales-in-asia-pacific-to-nearly-double-by-2025-reaching-usd-2-trillion
[4] https://www.businessoffashion.com/news/global-markets/e-commerce-in-middle-east-to-reach-50-billion-next-year
[5] https://www.bigcommerce.com/dm/2019-shipping-industry-report-cdl/
[6] https://newsroom.fedex.com/newsroom/fedex-express-strengthens-its-cross-border-e-commerce-capabilities-new-international-day-definite-delivery-service-launches-across-ten-amea-markets/
[7] Offer only available to merchants that sign up for BigCommerce through the designated landing page, https://www.bigcommerce.com/dm/fedex/
Cisco’s 2022 Data Privacy Benchmark Study found that privacy is mission-critical, as 91% of respondents in Asia Pacific consider privacy a business imperative. Privacy has become a true business imperative and a critical component of customer trust for organisations around the world, with 91% of respondents in Asia Pacific saying they would not buy from an organisation that does not properly protect its data.
