Malaysia’s current account balance continued to record a surplus of RM15.2 billion in the final quarter of 2021, the Department of Statistics Malaysia (DOSM) said.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the current account surplus in the fourth quarter of 2021 (4Q21) was driven by exceptionally high net exports of goods with a double-digit growth in prices of commodities.

The goods account registered net exports of RM51.8 billion, the highest since the 3Q08 at RM50.9 billion.

Exports of goods with a contribution of 92% to overall Malaysia’s exports grew at a faster rate to log RM271.3 billion from RM236.6 billion in the previous quarter.

Join us Tuesday, 22 March 2022, at 3 PM (+8 GMT) for a briefing by TalentCorp. This briefing will consist of three (3) aspects of TalentCorp and will be presented by three (3) main representatives. The overview of TalentCorp will be presented by Mr Thomas Mathew, Group Chief Executive Officer, moreover, Mr Nazrul Aziz, Vice President, Graduate, Diaspora and Industry Partnership will be presenting on TalentCorp’s initiatives and to conclude the briefing Ms Sabihah Ahmad, Vice President, Malaysia Expatriate Services Centre (MYXpats) Operations will be sharing on the MYXpats and Resident Pass Talent (RP-T).

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 EU Delegation to ASEAN and EU-ASEAN Business Council regarding EU & ASEAN Green Transition: Focus on Renewable Energies happening Thursday, 24 February 2022 at 4PM (SGT).

In the framework of the EU Industry Days and Week 2022, the EU Delegation to ASEAN and the EU-ASEAN Business Council is organising a webinar EU & ASEAN green transition: focus on renewable energies.

The webinar will offer an overview of ongoing actions in the EU and ASEAN to support the EU green deal priorities and green agenda with a focus on renewable energies. It will present the opportunities that the Team Europe Initiative might offer in ASEAN for the decarbonisation of the energy sector.

“OUR connections, YOUR opportunities”

On behalf of CMA CGM a fellow member of EUROCHAM Malaysia, we would like to invite our members to join the upcoming APAC Customers Workshop, happening 17 March 2022 at 4 PM (SGT).

As global trade becomes more dynamic and competitive, CMA CGM’s customers continue to seek BETTER WAYS to diversify their client portfolios or to find new suppliers so they can expand and create new business opportunities. With Networking services, the first marketplace of the industry launched by CMA CGM, customers can now connect seamlessly with buyers or sellers that match their needs.

In its first bond syndication of 2022, the European Commission has today raised a further €5 billion in NextGenerationEU funds on behalf of the EU in yet another successful deal. Due on 6 July 2051, the 30-year bond – executed as an increase to an existing EU-Bond - brings the total financing raised under the programme to €78.5 billion. The Commission's successful placement will help sustain the momentum behind Europe's recovery from the COVID-19 pandemic.

The bond was nearly 13 times oversubscribed, achieving a total order book of €64.1 billion. This strong demand enabled the Commission to place the bond under very good pricing conditions in a sign of the strong confidence of investors in the NextGenerationEU programme.

The Commission complemented this issuance with a further €2.2 billion, 5-year bond to fund back-to-back loans to Portugal under the European Financial Stability Mechanism (EFSM).

On behalf of our bilateral chamber, BeLuxCham Malaysia, we would like to extend an invitation to EUROCHAM Malaysia members to join and participate in the upcoming BeLuxTalks Series, Rare Earths from Mining to a Critical Component in a Future Sustainable World happening Wednesday, February 23, 2022 from 7 PM to 9 PM at Dorsett Kuala Lumpur.

With key speaker, Mr. Jean Claude Steinmetz, Hastings Technology Metals: the next Australian Rare Earth producer. Rare earth has become a critical component in high tech applications that impacts our daily life. From applications in catalytic conversions to clean energy and robotic applications, rare earth oxides are a critical and strategic resource to address the future environmental objectives.

The potential rapid demand will put additional pressure on the resource and mining industry to optimise production and develop a downstream logistic stream, fully in line with a sustainable and circular industrial process and complying with the COP26 objectives.’