The Minister of Economy, Rafizi Ramli, announced recently that efforts are underway to introduce a comprehensive legal framework for the implementation of carbon capture, utilisation and storage (‘CCUS’) initiatives in Malaysia. In connection with this, a Memorandum has been tabled to the Malaysia Cabinet on 21 May 2024, which is intended to spearhead the preparation of such a framework.
The Minister of Economy has indicated that the Ministry of Economy is expected to table the proposed Bill on the CCUS framework in Parliament during its meeting in November 2024. Prior to this, there will be a presentation to the Malaysia Cabinet on the CCUS framework.
AMCHAM’s Annual Report details the Chamber’s activities, events, finances, successes and initiatives throughout 2023.
Click here for the full report
On June 25, AMCHAM held its 47th Annual General Meeting (AGM) Luncheon at the Sheraton Hotel Kuala Lumpur.
Y.A.B. Dato’ Seri Anwar bin Ibrahim, Prime Minister of Malaysia, and Y.B. Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister for Investment, Trade, and Industry, graced AMCHAM’s signature program with their presence.
The Prime Minister delivered a keynote address that underscored the importance of talent, ongoing investments, and strong international trade relationships and acknowledged the role of the United States in Malaysia’s growth.
He said, “Malaysia has seen a phenomenal increase in investments from the United States. The advantage to us [has been] through their transfer technology and training and the centers of excellence; therefore, I’m going to those present today to acknowledge and thank you for your confidence. We appeal to you to [continue] to give [us] all the support necessary. We will not only facilitate, but accelerate, the process.” he added, “We will have to respond very fast in terms of providing expertise to our people.”
During the dialogue session, Prime Minister Anwar highlighted that AMCHAM members have gone beyond trade and investment and have focused strongly on comprehensive training programs within the country and work with our communities in these areas to “foster trust, understanding, and respect – core values of the Madani economic framework”, Anwar stated.
This event is a testament to AMCHAM’s commitment to being a collaborative partner where open dialogue can move things forward. It was made more significant by the presence of our distinguished guest, H.E. Edgard D. Kagan, U.S. Ambassador to Malaysia.
We extend our heartfelt thanks to our members for making this AGM Luncheon a memorable event with engaging discussions.
Our gratitude also goes to all our members, supporters, and sponsors. Special thanks to our 2024 Platinum Sponsor, Vantage Data Centers; Gold Sponsors: Analog Devices, Amazon Web Services, AIG Malaysia Insurance, Bank of America, Keysight Technologies, Micron, and Novartis; and Silver Sponsors: Boston Scientific, Honeywell, NI Malaysia, Seagate, and Western Digital.
Thank you to Starbucks Malaysia and Coca-Cola for your continued support in sponsoring the beverages!
On June 25, AMCHAM held its 47th Annual General Meeting (AGM), at which five Governors were re-elected, and four new Governors joined the returning board members.
AMCHAM’s CEO Siobhan Das expressed her delight in seeing some new companies join the Chamber’s Board: ” There is so much more we can do, and it is great to work with a group of executives who understand how a Chamber can support businesses in Malaysia and drive the AMCHAM mission of being the Voice of U.S. Business in Malaysia.”
“We are delighted to present the AMCHAM Governors for 2024-25”:
- Antony Lee, CEO, AIG Malaysia
- Steven R. Clayton, Vice Chairman, Asia Pacific of JP Morgan Chase
- Anushia Soosaipillai, Partner Tax, PwC
- Datuk Timothy Garland, Director & CEO, START/TBWA
- Naeem Shahab Khan, MD, Philip Morris Malaysia
- Timothy Monk, Jr, GM, Abbott Laboratories, Malaysia
- Chong Aik Kean, VP and MD, Intel Malaysia
- Adeline Wong, Partner, Wong & Partners
- Fearghal Hennessy, Vice President, Operations, Boston Scientific Medical Device Malaysia
- Sharon Ko Mei Wan, Managing Director & Country Lead, Analog Device
- Selvam Chinappan, Vice President & Managing Director, NI Malaysia
- Gautam Puntambekar, Managing Director and Malaysia Country Head, Bank of America
AMCHAM looks forward to working collaboratively with local and global stakeholders to ensure Malaysia is kept at the forefront of innovation and technology while continuing to be responsive to local communities.
KPJ Healthcare in collaboration with the British Malaysian Chamber of Commerce (BMCC), is organizing a Health Talk Show on 26 June 2024, from 1:30 PM to 4:30 PM at the Banquette Hall, Level 10, Damansara Specialist Hospital 2.
Key highlights of the event include a health talk featuring Dermatologist Consultant Dr. Tarita Taib from KPJ Tawakkal Health Centre and Plastic Surgeon Consultant Dr. Akmal Hisham Miswan from Damansara Specialist Hospital 2.
Participants will have the opportunity to benefit from complimentary dental and health screenings provided by our hospitals. Additionally, attendees stand a chance to win lucky draw prizes, receive goodie bags, and more.
To register your slot, please scan the QR code or contact us via WhatsApp at +6019-324 3208.
We look forward to your participation in this informative and engaging event.
Kuala Lumpur, June 20, 2024 – Federal Express Corporation, one of the world’s largest express transportation companies, has continued to expand its sustainability efforts across the Asia Pacific region incorporating both strategies to reduce emissions from its operations and increased support of environment-based community action.
Making Operations More Sustainable
In pursuit of company-wide global sustainability goals, FedEx is working across its operations to reduce emissions and improve the energy efficiency of its fleet and facilities.
Vehicle electrification is a key pillar of our efforts to reduce emissions in our network, including a phased approach to transitioning our global pick-up and delivery fleet to electric vehicles (EVs). In Fiscal Year 2023, FedEx operated 7,136 on- and off-road EVs globally[1]. Additions to the Asia Pacific region EV fleet were made in Malaysia, and in China, EVs grew to represent 20% of the country’s fleet of pick-up and delivery vehicles in fiscal year 2024. A new record was set with the first cross border EV delivery between Malaysia and Singapore. Electric tricycles were also added to the FedEx surface fleet in Taiwan demonstrating how the company is innovating to find the vehicle solutions that are best suited to local operating environments.
Sustainability is also being incorporated in FedEx infrastructure from the ground up. In FY 2023, thirty-four global facilities[2] generated on- or off-site solar energy including the surface operations station in Beijing. This rooftop solar array in Beijing is estimated to reduce 350 tons of CO2 emissions from conventional coal-fired thermal power each year.
New facilities, like the regional headquarters in Singapore, integrate energy efficiency certifications for lighting, heating, ventilation, and air conditioning. The company’s China headquarters in Shanghai, which opened in January 2024, is LEED (Leadership in Energy and Environmental Design) Gold certified.
Initiatives are also in place to promote a more sustainable culture in the workplace. In China, 11,000 FedEx team members are participating in a GoGreen program to reduce consumption of electricity, water, paper, and fuel in day-to-day operations. Similar activities are now taking place across other markets in the Asia Pacific region.
Teams are also getting creative with upcycling materials. Old uniforms are being turned into waist bags for couriers, and old wooden skids are being upcycled into cat litter.
Increasing support for sustainability in the community
FedEx Cares is a global community engagement program created to help make the world a better place through in-kind shipping, employee volunteering, and charitable giving. Sustainable logistics is an important pillar of the FedEx Cares program, and the company collaborates with non-profit organizations that provide innovative solutions to climate challenges and protecting the environmental health of communities where team members live and work.
FedEx has increased its financial support of volunteer-based sustainable community projects across 11 Asia Pacific markets by 30% YoY in its last fiscal year up to May 31. Across the region FedEx team members have volunteered their time to clean beaches and riversides and planted 3,400 trees to restore and protect the environment.
Building a sustainable future also requires having a talent pipeline with individuals who are eager and able to contribute. FedEx is helping prepare young people with an entrepreneurial spirit through its International Trade Challenge, an initiative it runs jointly with Junior Achievement. The annual challenge has helped more than 5,000 students across 10 Asia Pacific markets gain a better understanding of global trade, product distribution, competition and sales, and this year, teams were tasked with creating a market entry strategy for a product to address sustainable delivery solutions.
“We have a responsibility to take bold action to address the environmental challenges our region is facing,” said Kawal Preet, Regional President, Asia Pacific, FedEx. “Across our business here in Asia Pacific, we are seeking out projects and opportunities to ensure that our planet can continue supporting global economic growth and prosperity. This year we have raised the bar and increased our contributions towards programs that drive sustainable logistics and foster a green culture among our employees and in the community.”
Each year FedEx publishes its achievements and advancements in its environmental, social and governance (ESG) strategies as part of its commitment to leadership in the transportation and logistics industry. The 2024 ESG Report is now available and can be found here.
[1] FedEx 2024 ESG Report
[2] FedEx 2024 ESG Report
