Malaysian Investment Development Authority's (Mida) future automotive sector incentives will focus on the electric vehicle (EV) supply chain as the adoption of these automobiles rise while countries in the region also compete for potential knowledge transfer to local talent arising from these investments.

"EV is the way forward for us. The government has put in place very generous tax incentives," said Mida’s deputy chief executive officer Lim Bee Vian on Monday (July 17) at an investors and vendors convention organised by Proton Holdings Bhd to promote investment into the Automotive Hi-Tech Valley (AHTV) in Tanjung Malim on Monday (July 17).

In relation to the AHTV project, Lim said the government is prepared to offer extended tax incentives for companies that are planning to invest in AHTV with a maximum of 15 years from the conventional five- to 10-year duration.

"It depends on the value of investment. If you're investing RM10 million to RM500 million, you can get a straight forward of up to 10 years. If [the investment] is anything more than RM500 million, you are getting up to 15 years," Lim explained.

EUROCHAM Malaysia is co-organising an event together with our fellow member Adastra IP on the Intangible Assets & IP Finance & Valuation Business Forum happening this month!

Expand your knowledge on intangible assets, financing options, and IP valuation. Discover how businesses leverage these assets for growth and innovation. Gain insights from industry leaders, highlighting the value of intellectual property and its potential for businesses and sharing their fundraising journey and lessons learned in utilising intangible assets for growth.

Join us to delve into the fascinating world of intangible assets and IP finance, where you can expand your understanding and discover new possibilities for your business. Exploration of traditional financing methods and alternative options available for funding intellectual property initiatives, including innovative approaches to raising capital and securing investments.

🗓️ Date: Thursday, 27th July 2023

⏰ Time: 3:00 PM – 5:30 PM

📍 Location: Bungalow37, Bangsar (Physical on-site) or Virtual Zoom Platform (Hybrid Event)

EUROCHAM Malaysia was invited to participate in the Budget 2024 Engagement Session chaired by YAB Dato’ Seri Anwar Ibrahim, Prime Minister of Malaysia and Minister of Finance which happened last week.

With the preparation process for Budget 2024 underway, this session in Putrajaya kick-started a series of nationwide engagements, gathering inputs and budget proposals from various sectors.

Joined by 400 representatives from ministries, associations, business councils, economists, scientists, NGOs, and international organisations, the event fostered collaboration and dialogue. Notable attendees included YB Datuk Seri Ahmad Maslan, Deputy Minister of Finance I, YB Steven Sim Chee Keong, Deputy Minister of Finance II, and YBhg Datuk Johan Mahmood Merican, Treasury Secretary-General.

On behalf of Star Media Group Berhad, EUROCHAM Malaysia as a supporting partner would like to extend an invitation to our members to participate in the upcoming Export Excellence Awards Johor Roadshow on the topic of Sustainability in Exports.

Calling all leaders in the export industry! Gain exclusive insights into the invaluable export strategies implemented by leading Malaysian businesses and learn what it takes to stay ahead of the curve. Don't miss out on this opportunity to network with industry leaders and gain practical tips to enhance your own export endeavours.

Date: Tuesday, 1 August 2023

Time: 10:30 AM - 2:00 PM

Venue: Amari Johor Bahru

We would like to wish all our members, friends and connections a Happy World Youth Skills Day!

“Skilling teachers, trainers and youth for a transformative future”

Join us at the Responsible Business Exhibition and Multi-Stakeholder Conference, co-organised by Thomson Reuters Foundation and EUROCHAM Malaysia, as we navigate the future of responsible business practices in the face of global legislation. Discover the tools and services that will empower your business to comply with emerging regulations and stay competitive in the international market.

In an era of evolving global legislation, including significant directives such as the EU's Corporate Sustainability Due Diligence (CSDDD), Reporting Directives (CSRD), and the German Supply Chain Act, businesses must adapt and thrive. The Responsible Business Exhibition is curated to address these challenges head-on and provide the necessary tools and services for companies to advance their responsible business practices, with a particular focus on ethical recruitment.

Be prepared to gain invaluable insights during the event's opening session, where we will dive deep into the implications of these new global regulations for businesses in Malaysia. Our expert speakers will shed light on the legal frameworks underpinning these regulations, empowering you with practical steps to ensure compliance while maintaining a competitive edge in the international market.

As the day progresses, immerse yourself in an engaging conference showcasing a wide array of relevant services and tools. Discover innovative solutions that will propel your business towards responsible practices, fostering sustainability and ethics every step of the way.