On behalf of Invest Selangor, a fellow member of EUROCHAM Malaysia, we wish to inform all our members that Invest Selangor is organising the Selangor International Business Summit 2021 (SIBS 2021) on 18^th-21^st November 2021, held at Kuala Lumpur Convention Centre, Kuala Lumpur and we would like to invite our members to join or to attend the hybrid event.

Since its inception in 2016, this event will be the 5th edition of the state government-backed conference and exhibition series. The theme of this year’s event is ‘Selangor the Gateway to ASEAN’, as the event brings together global brands and congregating industry players from around the world.

Here are the highlights of the latest updated SOPs for Phase 4 of the National Recovery Plan (NRP):

Areas Involved:

W.P. Labuan, Negeri Sembilan, Pahang, Melaka, Selangor, W.P. Kuala Lumpur, W.P. Putrajaya, Terengganu, Johor, Perlis, Perak, Pulau Pinang, Sabah and Kedah.

*This SOP must be read together with the Special SOP of the Federal Territory of Labuan.

** For Sabah, please refer to the National Recovery Plan - SOP Phase 4 Sabah.

*** For areas enforced by EMCO, the EMCO SOP in the area is effective until the expiry date of the EMCO.

Effective Period:

For W.P. Labuan starts on 26 August 2021 (starting 12.01 am).

For Negeri Sembilan starting on 24 September 2021 (starting 12.01 am).

For the State of Pahang starting on 8 October 2021 (starting 12.01 am).

For the State of Melaka, Selangor, W.P. Kuala Lumpur and W.P. Putrajaya starts on 18 October 2021 (starting 12.01 am).

For the States of Terengganu and Johor starting on 25 October 2021 (starting 12.01 am).

For the States of Perlis, Perak, Penang, Sabah and Kedah starting on 8 November 2021 (from 12.01 am)

Here are the highlights of the latest updated SOPs for Phase 3 of the National Recovery Plan (NRP):

Areas Involved:

Sarawak and Kelantan.

*For Sarawak, please refer to the National Recovery Plan - SOP Phase 3 Sarawak.

** For areas enforced by EMCO, the EMCO SOP in the area is effective until the expiry date of the EMCO.

Effective Period:

Starting on 16 August 2021 (starting 12.01am).

*For Kelantan, starting on 18 October 2021 (starting 12.01 am).

A media statement has been issued by Senior Minister of Defence Malaysia regarding National Recovery Plan Phase Transition and SOP Relaxation – media statement as follows:

A. National Recovery Plan (NRP) Phase Transition

Taking into account the current risk assessment conducted by the Ministry of Health Malaysia (MOH) and the National Security Council (NSC), COVID-19 Pandemic Management Special Committee agrees to the transition of the NRP Phase for the following states effective 8 November 2021:

Moving from Phase 3 to Phase 4: Perlis, Perak, Penang, Sabah and Kedah.

The Standard Operating Procedures (SOPs) for states entering Phase 4 are the same as before. The latest SOP information will be updated by MKN on the official website www.mkn.gov.my.

On behalf of the EU-ASEAN Business Council, as a supporting partner, EUROCHAM Malaysia would like to invite our members to participate in the upcoming webinar by the EU-ASEAN Business Council regarding the ASEAN’s 2021 Digital Toolkit Series: Banking on Cross-Border Payments happening Tuesday, 16 November 2021 at 4 PM (SGT).

Digital payments are a key enabler for digital commerce, and cross-border transactions, in particular, are instrumental for the development of ASEAN’s economy – and not just for e-commerce. The COVID-19 pandemic has been a game-changer, accelerating the adoption of digital payments in a region where cash reigns supreme; movement restriction orders forced businesses to shift operations online and consumers began turning to e-commerce for everything from food delivery to buying essential goods. The region’s large base of underbanked customers is now also empowered to make online purchases as e-payment platforms proliferate.

On behalf of our member Labuan IBFC, we would like to invite our members to participate in the joint webinar with Tricor regarding ‘How Malaysian PLCs can Benefit from Labuan IBFC' that will be held on Wednesday, 24 November 2021 at 3:30 PM (+8 GMT). Labuan IBFC has been intermediating wholesale financial services in Malaysia and regionally for over 30 years, serving as a launchpad for numerous Malaysian corporations’ overseas and domestic expansion.

Join this webinar as they take stock of the developments in the jurisdiction, and how it has evolved into a truly Asian mid-shore jurisdiction. During the webinar, they will be discussing the latest developments in global tax reform and the implications it may bring to Malaysian businesses. The discussion will also cover how Labuan IBFC’s robust ecosystem is poised to continue serving as an ideal domicile for Malaysian corporations’ expansion plans.