Broadcom has committed an additional RM980K to assist in the battle against COVID-19 in Malaysia. From this additional amount, Broadcom donated an aggregate of RM500k to Mercy Malaysia and Red Crescent Malaysia to provide critical healthcare for COVID-19 relief and to assist vulnerable communities impacted by COVID-19. Broadcom and Broadcom’s Penang employees also donated to Penang General Hospital and Pejabat Kesihatan Daerah (PKD) RM480k worth of medical supplies and equipment for COVID-19 relief, such as hospital beds, emergency trolley, resuscitator, syringe/infusion pump, BP monitoring, oxi meter and tents.

This RM980K contribution is in addition to the RM2.17mil already contributed by Broadcom and Broadcom’s Penang employees since the onset of the pandemic last year.

Hong Kong SAR, China, October 11, 2021 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, has further increased capacity with the launch of two new flights connecting Asia Pacific (APAC) businesses to Europe and North America respectively. At the same time, it has added wide-body 767 freighters, making the FedEx fleet in Asia 100% wide-body.

The launch of these two new flights is the latest in the FedEx network expansion, as economies across APAC continue to rebound [1]. Combined with the four new intercontinental flights launched in July, FedEx has added 62 flights in and out of APAC per week with additional capacity to carry almost 2,700 tons (2,690,000 kgs). These added flights contribute to a total of over 225 weekly flights in and out of APAC to the U.S. and Europe. Businesses are benefitting from improved connectivity and enhanced service reliability when importing and exporting with Europe, the U.S. and intra-Asia.

Greater Connectivity between Asia, Japan and Europe

One of the two new FedEx flights provides additional connectivity and reliable service to and from Europe, and service enhancements to importers in Japan. Europe is Japan’s third largest trading partner [2] and, this year, Japan saw a year-on-year (YoY) increase of 28% in its global imports [3].

This new FedEx Asia-Europe flight connects FedEx Charles de Gaulle (CDG) Hub in Paris, France to FedEx APAC hub in Guangzhou, China, four days per week via Kansai International Airport in Osaka, Japan, and one day a week via Singapore Changi Airport, providing 10 extra connections each week for APAC customers to and from Europe.

Supporting growing exports from Greater China to the U.S.

Benefitting from strong export demand from major trading partners, the U.S. and mainland China, and key Asian economies are also starting to see rebound [1]. For instance, Taiwan’s economy is forecasted to grow at its fastest pace in more than a decade in 2021 [2], with global demand for its technology products driven by the work-and-study-from-home boom resulting from the COVID-19 pandemic.

This new FedEx trans-Pacific flight connecting Taipei and Hong Kong to Anchorage and Indianapolis, and returning via Anchorage to Taipei, five days per week, provides customers with improved capacity between Greater China and North America, further accelerating trade between Asia’s leading logistics hub [3] and the U.S.

Wide-body fleet almost doubles capacity to South-east Asian markets

In addition to these new intercontinental flights, FedEx also increased its intra-Asia network capacity by replacing Boeing 757 narrow body freighters with Boeing 767 wide-body freighters. This has almost doubled the cargo capacity to Indonesia, Vietnam, Thailand and the Philippines. The FedEx Boeing 767 freighter offers a maximum gross payload capacity of nearly 60,000 kgs, building on the current FedEx operational strength. At the same time, the wide-body aircraft provides 38% more fuel efficiency.

“With businesses reopening worldwide in varying phases, cross-border trade is gaining renewed momentum. ^[4]  Building a more robust and resilient global network is vital to empowering APAC businesses and supporting them in tapping growth opportunities,” said Kawal Preet, president of the Asia Pacific, Middle East, and Africa (AMEA) region at FedEx Express. “Our intercontinental flight expansion, and enhancement of our fleet over the past few months, is testament to the FedEx commitment to support businesses of all sizes, particularly with the rapid growth of e-commerce and the upcoming year-end holiday peak.”

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.

[1] https://www.businesstimes.com.sg/asean-business/us-china-market-demand-to-keep-asean-exports-afloat-in-2021-report

[2] Taiwan expects fastest growth in a decade this year on export boom | Reuters

[3]https://www.hketowashington.gov.hk/dc/media_centre/events18/hkglobal.htm#:~:text=Hong%20Kong%20today%20is%20home,5%25%20over%20the%20previous%20year.

[4]https://www.gtreview.com/news/global/global-trade-above-pre-pandemic-levels-but-fears-grow-of-two-speed-recovery/

[1] https://www.icis.com/explore/resources/news/2021/06/09/10649766/east-asia-pacific-growth-to-rebound-to-7-7-in-2021-world-bank

[2] https://eeas.europa.eu/sites/default/files/eu-japan_factsheet.pdf

[3] Japan (JPN) Exports, Imports, and Trade Partners | OEC – The Observatory of Economic Complexity

Standard Chartered Malaysia has appointed Sammeer Sharma as its new Head of Consumer, Private and Business Banking who will be reporting directly to Malaysia CEO, Abrar Anwar.

Sammeer is a seasoned financial services professional with over 23 years of experience in driving strategic business transformation and change management actions across diverse markets. In his 19 years with Standard Chartered, he has built award-winning businesses across domains in digital wealth, investments, insurance, lending, payments, distribution and digital banking. In his new role, he will be responsible for developing the strategy and driving the growth of the CPBB business of the Bank.

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HSBC Malaysia is partnering with Climate Governance Malaysia (CGM) to design and host a 4-part sustainability webinar series entitled “Understanding Sustainability and Climate Risks: A Series of Webinars to Future-proof your Business”.

This webinar series will help businesses of all sizes, from SMEs to Large Corporates, to embark on their net-zero journey.

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The Malaysian Investment Development Authority (MIDA) will be organizing a 3-Day Webinar on MIDA One Stop Centre (OSC) for Business Travelers. 

The objectives of this pitching session are:

• To highlight that MIDA continues to welcome investors to do business in Malaysia amid pandemic and Malaysia remains steady on economic recovery and growth; while balancing public health and livelihoods;
• To create awareness on the establishment of One Stop Centre (OSC) programme to ease the movement of Business Travellers by expediting the approval of their entry to do business in Malaysia;
• To provide information on the procedure of application for entry of Long Term and Short Term Business Travellers; and
• To disseminate information on a special scheme for the entry of Short Term Business Travellers that may be considered for exemption from mandatory quarantine subject to adherence to strict Standard Operating Procedures.

The details of the webinar are as follows:

Click here to download webinar programme

If you received your COVID-19 vaccination abroad, you may now apply directly for the COVID-19 vaccination digital certificate via MySejahtera Helpdesk by choosing Option N.