Putrajaya has decided to ease hiring rules for foreign workers in Malaysia by doing away with existing preconditions while allowing recruitment to be conducted on an as-needed basis.

Prime Minister Datuk Seri Anwar Ibrahim said the new Pelan Kelonggaran Penggajian Pekerja Asing (PKPPA), or Plan to Facilitate the Hiring of Foreign Workers, will let employers hire foreign labour from 15 countries based on what they can afford and need without the constraints of any preconditions or quotas.

“Secondly, a series of working visits by a Malaysian delegation will be organised to source countries to discuss matters related to the safety and wellbeing of foreign workers in Malaysia,” Anwar said in a statement after chairing a meeting on the matter with the relevant ministries and agencies today.

“It is estimated the country’s gross domestic product (GDP) will increase by 1 per cent if we can speed up the hiring of foreign workers to meet the needs of relevant sectors.

We would like to welcome our new member Asiance Sdn Bhd to EUROCHAM Malaysia! We are excited to have your esteemed organisation as part of our EU-MY business community. We look forward to working together to bolster future and stronger business alliances.

Consulting and trading firm registered in Kuala Lumpur, Malaysia in 2022. Founder and Managing Director, Mr Germain THOMAS, has 15 years of business experience in Southeast Asia in various sectors such as construction, building materials, interior finishes, IAQ, M&E engineering, automation, facilities management, security, etc. with applications in healthcare, industry, sports, education, residential, commercial, etc.

Multilinguist, French Foreign Trade Advisor and active member of many relevant business networks across the region, we offer you professional and independent one-stop-solution services.

In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to meet their 2030 climate and energy targets and accelerate the EU's green transition.

Disbursements were made this year to Croatia (€119.8 million), Czechia (€1.34 billion), Estonia (€62.4 million), Hungary (€74.3 million), Lithuania (€85 million), Poland (€643.2 million), Romania (€1.39 billion), and Slovakia (€399.5 million). In June, €2.4 billion was already disbursed to support 45 investment proposals, and this is now complemented by a €1.71 billion disbursement today to back 16 more investment proposals.

This year, the 61 investment proposals selected under the Modernisation Fund focus on electricity generation from renewables, modernisation of energy networks and energy efficiency in the energy sector, in industry, in buildings, and in transport, and the replacement of coal generation with lower carbon intensity fuel.

EUROCHAM Malaysia congratulates Mr Tindaro Danze who has been appointed as Siemens Malaysia’s President & Chief Executive Officer. With this appointment, we look forward to collaborate and work closely with our corporate partner Siemens Malaysia.

Siemens Malaysia today announced that Mr Tindaro Danze has been appointed as its new President & Chief Executive Officer effective 1 January 2023. He is concurrently responsible for the Digital Industries (DI) business in Malaysia. 

Prior to these appointments, Mr Danze was based in Germany as the Head of Global Sales for DI's Digital Enterprise and Vertical Management. He managed the company’s regional industrial digitalization units, enabled global digitalization projects, and oversaw Siemens DI vertical approach in key industries. 

Malaysia is headed in the right direction by signing several free trade agreements (FTAs), said EUROCHAM Malaysia, following the inking of the EU-Malaysia Partnership and Cooperation Agreement (EU-MY PCA) between the European Union (EU) and Malaysia.

In a statement on Tuesday (Jan 3), EUROCHAM stated that FTAs have proven to be one of the best ways to open up foreign markets for Malaysian exporters.

The EU-MY PCA was signed during the inaugural Asean-EU Commemorative Summit in Brussels on Dec 14, 2022, a significant milestone in the history of the EU-Malaysia bilateral relationship.

“Besides serving to enhance the political dialogue on global issues, the agreement lays the ground for mutually beneficial cooperation in multiple policy areas such as environment, transport, trade and employment, to name a few,” EUROCHAM said.

The chamber further highlighted that the EU-MY PCA paves a promising path towards recommencing discussions on the EU-Malaysia Free Trade Agreement (MEUFTA).

Malaysian Investment Development Authority (MIDA) released the Invest Malaysia e-Newsletter – a monthly industry update for global investors.

To read the full e-newsletter, please refer here: https://online.fliphtml5.com/ptxxo/oqwl/#p=1