Participate in the EUROCHAM Malaysia Digital Economy Survey!

The COVID-19 pandemic has accelerated the process of digital transformation – from micro-enterprises to multinational conglomerates, businesses in every sector and every region of the world are becoming increasingly dependent on information and communication technologies (ICTs) and a secure, stable, and trusted Internet to carry out their daily operations.

With this survey, EUROCHAM Malaysia and valued Bilateral/Associate Chambers seek to measure and understand the general sentiment of the digital approach and digital maturity of European and Malaysian organisations operating in Malaysia.

EUROCHAM Malaysia CEO, Mr. Sven Schneider, and team had a very productive and captivating meeting with one of our corporate partners Futurise Malaysia! Joined by Mr. Rosihan Zain, CEO of Futurise and Tengku Azrul Tengku Azhar, Head of Innovation Ecosystems – we discussed future collaborative efforts, plans, engagements, and initiatives.

Futurise is a company under the Ministry of Finance Malaysia (MOF) that focuses on innovation, regulation, and commercialisation. Futurise has been mandated by the Malaysian government through the National Development Council (NPC/MPN) to lead the National Regulatory Sandbox (NRS) initiative that aims to expedite regulatory intervention, deploy innovation and technology solutions, and establish innovation ecosystems.

On behalf of our fellow member, The Alice Smith School, we would like to share that Alice Smith School will be hosting their 75^th Anniversary Business Luncheon 2022 themed Thriving in the New Norm for a Sustainable Future this month!

To create a sustainable future and build a resilient business environment, companies are being urged to capitalise on the opportunities presented in ESG standards, following the United Nations Sustainable Development Goals (SDGs) blueprint to end poverty, reduce inequality, and spur economic growth while tackling climate change to meet investor demands and to build a resilient business.

On behalf of The Malaysia Competition Commission (MyCC), we would like to share that MyCC will be hosting the 3rd Malaysia Competition Law Conference 2022 (hybrid) with a focus on “Digital Economy, Merger & Bid Rigging”.

The Conference aims to foster effective implementation of competition law and policy in Malaysia, particularly with regard to current trends in competition enforcement and international cooperation in the face of recent global challenges.

The Conference will be officiated by YAB Dato’ Sri Ismail Sabri Yaakob, Prime Minister of Malaysia, and will also feature highly respected local and internationally renowned moderators and panelists who will share, discuss, debate, and dissect significant new developments that will impact the future of competition law and the market in Malaysia.

On behalf of our fellow member, Standard Chartered, EUROCHAM Malaysia as a supporting partner would like to invite our members to participate in the upcoming event (physical) regarding Digital Trends in Manufacturing – Driving Better Business Outcomes.

Join their esteemed panel of experts to gain insight into digitalisation trends for manufacturers from a regional perspective, a look into increasing sales via digital platforms as well as improving efficiency with the connected factory – in terms of timely access to data aggregated from the operations, and on saving on energy, fulfillment and other operational costs.

Malaysian Investment Development Authority (MIDA) has issued a media release entitled Malaysia Records RM42.8 Billion Approved Investments For The First Quarter 2022 – media release as follows:

Malaysia has attracted a total of RM42.8 billion (USD10.2 billion) approved investments in the manufacturing, services and primary sectors, involving 910 projects in January to March 2022. The foreign direct investments (FDI) remained the major contributor, at 65 per cent or RM27.8 billion (USD6.6 billion), while investments from domestic sources contributed 35 per cent amounting to RM15 billion (USD3.6 billion). The approved investments for this period will create 24,906 new jobs in the country.

During the period, the manufacturing sector continued to assume an important role in driving the country's economic recovery, accounting for more than half (70.1 per cent) of total approved investments of RM30 billion (USD7.1 billion), followed by the services sector at RM12.7 billion (USD3 billion) (29.7 per cent) and the primary sector at RM0.1 billion (USD40.4 million) (0.2 per cent).