AMCHAM was invited to a briefing this morning on the “Provision of Employee Accommodation for Industries under the Manufacturing Sector” organized by the Ministry of International Trade & Industry (MITI Malaysia). YBhg. Datuk Bahria Mohd Tamil, Deputy Secretary General (Investment) from MITI delivered the opening remarks while En. Wan Ismail Wan Ibrahim Director of the Labor Standards Division, Ministry of Human Resources and TPr Dr. Alias Rameli, Director Research and Development Division PLANMalaysia, Ministry of Housing and Local Government (KPKT) presented the rationale behind the regulations as well as in-depth information on the certification process.
AMCHAM is appreciative of all the effort undertaken by the government through MITI by continuously engaging and hosting briefings to increase awareness as well as to inform companies of these regulations for better worker welfare in Malaysia.
Malaysia’s trade performance remained resilient and maintained its upward momentum in August 2021. Trade increased by 15.7% to RM169.79 billion compared to August 2020, the seventh consecutive month of double-digit growth since February 2021. Exports grew by 18.4% to RM95.59 billion, the 12th consecutive month of year-on-year (y-o-y) expansion since September 2020. Imports expanded by 12.5% to RM74.2 billion while trade surplus was up by 44.7% to RM21.39 billion. Trade, exports and trade surplus registered the highest monthly value for August.
The export growth was contributed mainly by robust external demand for petroleum products, electrical and electronic (E&E) products mainly due to higher shipments of semiconductors as well as chemicals and chemical products. Exports to all major markets namely ASEAN, China, the United States (US), the European Union (EU), and Japan recorded positive growth.
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Today, cyberattacks pose one of the most daunting challenges any business may experience.
A new study from the University of Maryland estimates that a cyberattack occurs every 39 seconds, with cybercrime estimated to cost companies an estimated $10.5 trillion annually worldwide by 2025, according to Cybersecurity Ventures placing cybercrime at the heart of the greatest transfers of economic wealth in history.
AMCHAM’s CEO Siobhan Das together with Steve Okun, Senior Advisor, McLarty Associates, a member of AMCHAM, recently wrote an article on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), citing Malaysia’s role for multinational companies and the importance and benefits of the CPTPP as well as the Regional Economic Comprehensive Partnership (RCEP).
Throughout the COVID-19 pandemic and the prolonged Movement Control Order (MCO) period, the RHB Banking Group has continued its assistance to small and medium enterprises (SMEs), providing more than RM20.3 billion in financial assistance comprising RM12 billion in Repayment/Payment Assistance and more than RM8.3 billion in loans and financing facilities.
The Group’s offered financial relief facilities and repayment assistance programmes, providing access to new working capital, as well as implementing various targeted programmes to further stimulate SME business growth.
AMCHAM hosted the third session of Dell’s Mentor Connect 2021 Program today. The session today focused on “Career Planning”. Prior to the session, mentees were asked to reflect on the following question, “what is the biggest challenge in your current career path?”.
Some of the topics in the ensuing discussions include changes in the current career landscape due to the pandemic, challenges in figuring out a career path and ways to connect with other professionals/mentors.
