AMCHAM member, International SOS hosted our August Members Briefing at their offices allowing attendees an exclusive tour of their facilities and opportunity to learn about the important support International SOS provides to many of our member companies and others.
Immediately following the tour, Ramzi Toubassy CEO of AmMetLife delivered his first welcome remarks as our new President. For those who are not familiar with Ramzi, he’s is a prominent personality in Malaysia and other parts of Asia and brings with him over 20 years of industry experience. Ramzi was appointed as Chief Executive Officer for AmMetLife Insurance Berhad in 2014. This was a great opportunity for members to get to know him a little better.
Siobhan Das, Executive Director of AMCHAM updated members on what AMCHAM has been up to in the last couple of months. We’ve been busy with various meetings with the government, MITI in particular, in the last couple of weeks. We’d like to once again emphasize the importance of keeping AMCHAM abreast of what’s happening in your industry so that we can provide timely support when needed.
Nat Turner, Economic Counsellor of U.S. Embassy Kuala Lumpur also briefed members on what’s happening in Washington, current business, economic climate, incoming Embassy officials, recent senior U.S. Governmental official visits to Malaysia.
AMCHAM would like to thank all our members for coming together at this monthly event and we hope to see more of you in the future. A special thank you to International SOS for hosting us. The next Briefing will be on Tuesday, Oct 3rd, Mark your calendars now.
KUALA LUMPUR: Amway (M) Holdings Bhd’s net profit for the second quarter ended June 30, 2017 (2QFY17) jumped 139% year-on-year (y-o-y) from RM6.18 million to RM14.77 million, led by lower incentive provisions and operating expenses.
The favourable impact of those was partially offset by lower sales and higher import costs, it said. Quarterly revenue shrank 6% y-o-y to RM252.06 million from RM268.87 million, its Bursa Malaysia filing showed.
PETALING JAYA: Datuk Seri Najib Tun Razak has accepted an invitation by US President Donald Trump for talks at the White House in September.
Wisma Putra said in a statement that the prime minister will be undertaking a working visit to Washington at the invitation of Trump.
“At the invitation of the President of the United States of America, Donald J Trump, the Prime Minister of Malaysia Datuk Seri Najib Tun Razak will undertake a working visit to Washington, DC on Sept 12, 2017.
KUALA LUMPUR: E-commerce platform, Lazada (Malaysia) Sdn Bhd, has teamed up with AIG Malaysia Insurance Bhd to provide a convenient, accessible and seamless purchase of insurance policies for Malaysians on its platform.
The companies, in a joint statement today, said the customers who shopped on Lazada Malaysia would be able to buy travel, snatch theft and personal accident (active lifestyle care) coverage.
The statement said the premiums would be priced between RM8 and RM115.
Recognising that the population remained largely uninsured, standing at less than two per cent, it said, the partnership sought to continue expanding the reach and penetration of insurance in the country, further generating more awareness among consumers.
KUALA LUMPUR: The digital economy is an emerging trend in the global business landscape, with an increasing number of organisations, companies and investors adopting it.
In its journey to become a developed nation, Malaysia has embraced many strategies, including the shift towards the digital economy, to remain competitive and relevant to the modern business environment.
Read more
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth of 5.8 per cent in the second quarter of 2017 proved that economic doomsayers were wrong, said Minister in the Prime Minister’s Department Datuk Seri Abdul Rahman Dahlan.
Calling them irresponsible quarters, Abdul Rahman said the naysayers had made many predictions and forecasts that the nation’s economy was on the brink of collapse.
“They said the government was going bankrupt, investors were fleeing the country and many more but they have been proven wrong over and over again.
“Today’s figures released by the Statistics Department has reasserted that these people are not to be taken seriously when they are talking about our national economy,” he said in a statement today.
