The government needs to introduce more options under tax incentives other than tax exemptions and tax shelters in order to better help unicorn startups and entrepreneurship get through their initial challenges.
Deloitte Asia Pacific tax partner Mark Chan said the initial challenges are not very profitable, so profit shelters and allowances are not going to do much in the short term to help these businesses grow and develop, and the critical issue is still how to get funding in order to achieve their desired level.
Rapiscan Systems Malaysia, a global leader in security screening products and solutions, invited AMCHAM Malaysia to tour their facility in Johor on 12 November to show what the company manufactures in Malaysia and how it supports the security industry worldwide.
The AMCHAM team got to learn first-hand about Rapiscan’s state-of-the-art products, which are shipped globally, and the solutions and services offered by the company to provide their customers with threat detection while improving operational efficiency.
AMCHAM Malaysia CEO Siobhan Das (third from left) with the safety and security team who went above and beyond, risking their lives to ensure the entire Rapiscan Community was safe when the pandemic hit.
AMCHAM had a chance to connect with members in Johor, with some in-person and some joining virtually, during the AMCHAM Johor Network (AJN) meeting on 11 November. The fruitful discussion led to a decision to meet again next year as a step to grow and strengthen AJN’s presence and AMCHAM’s position as an advocate of U.S. business in Johor.
We were also delighted to meet many of our members for a year-end dinner at DoubleTree Johor. Members in attendance include Celestica Malaysia Sdn Bhd, FCI Connectors (Malaysia) Sdn Bhd, Flex Malaysia, Hershey Malaysia Sdn. Bhd., HID GLOBAL SDN BHD, HP Malaysia Manufacturing Sdn Bhd, OSI Optoelectronics Sdn. Bhd., Pintarmas Sdn Bhd Rapiscan Systems Sdn. Bhd., Samtec Asia Pacific (M) Sdn Bhd, Technocom Systems Sdn Bhd, and STMicroelectronics, who came all the way to Johor from Muar!
We appreciate being able to meet our members in Johor, in-person, now that Malaysia is opening up. We look forward to the next meeting with our Johor members.
- Send a HR/Recruitment representative from your organization to the LICP 6.0 Finale event, to be held virtually on Saturday 20th November, at 10am-12pm, to hear the graduates make their pitch and identify any potential candidates of interest,
- Listen to pitches from all the participants as they highlight their growth and why they are ready to re-enter the workforce
- Listen to talks from Lean In Malaysia senior leadership on topics surrounding women’s empowerment
- There will be no speaking engagement or live feedback from participating organizations required at the session
- Agree to receive and review the CVs of the LICP 6.0 talent pool, for consideration for any potentially suitable roles in your organization
- 27 participants in total
- Are all ‘Career Breakers’ (meaning they are currently out of employment and have taken a break from the workforce for a minimum of 6 months)
- Have rich and varied backgrounds, spanning from back-office finance functions, marketing and communication specialists, HR specialists, legal and more
- Are largely experienced, with more than 70% of them having more than 7 years work experience prior to their career break
- 27% have 5-7 years of work experience prior to their career break
- 16% have 7-10 years of work experience prior to their career break
- 19% have 10-15 years of work experience prior to their career break
- 35% have >15 years of work experience prior to their career break
Vivien Mah is a Partner in the EY Business Consulting practice in Malaysia. She has over 15 years of experience in the fields of Information Technology, Retail and Manufacturing, and Oil and Gas. Her specialities include technology risk advisory, enterprise risk management, governance and compliance, data privacy programmes, and technology audit services.
The Iskandar Global Innovation and Technology Exchange (IGNITE) 2021 is a series of online events and virtual sessions, culminating in the IGNITE Innovation Conference 2021, providing an avenue for future oriented, technology-driven and innovative minds to come together to share knowledge, ideas and thoughts about the direction of Innovation and Emerging Technology for Malaysia and the region.
They will be organizing a two-day online event on 11 November and 12 November 2021 featuring industry experts and advocates of Malaysia Global Business Services (GBS) Industry as they explore, create opportunities and ignite ideas for better ways to break the barriers and provide solutions to the challenges of GBS Industry in Malaysia
Register Here
