BMCC Update: Advocacy Efforts – Withholding Tax

On the 6th of March 2017, the BMCC along with other European bilateral chambers joined a task force led by EUMCCI. Our efforts were focused on understanding the technicalities and repercussions of recent rulings included in the Finance Bill 2016, specifically on the new Withholding Tax regulations (Click here for more information)

To accurately extrapolate the impact of the new regulation, the BMCC has reached out to its members to gather case studies from businesses who were affected by the new ruling. These case studies were presented to Datuk Seri Johari Abdul Ghani, the Minister of Finance II on the 10th of April 2017. Through the private meeting, the task force sought for the temporary suspension of the regulation to allow a revision in order to lessen its unintended impact on businesses.

Overall, our engagement with the Minister was positive. The Ministry of Finance (MOF) have committed to form a task force with a dialog platform made of relevant stakeholders. MOF is now actively approaching the four biggest consulting firms (Big 4) namely; i) KPMG; ii) Ernst & Young; iii) Deloitte, and iv) PricewaterhouseCoopers (PWC). We also have been informed that a meeting has been scheduled with these Big 4 firms in order to look into the definition of “services” which is currently included into the withholding tax ruling with the objective of reviewing the scope of application, if deemed necessary by MOF.

Datuk Seri Johari Abdul Ghani is also committed to requesting his department in the MOF to evaluate the Malaysian resident companies which are believed to be severely affected by the ruling in order to give exemption status, which is based upon request only.

Moving forward, the BMCC is now focusing on assisting its members by facilitating the Withholding Tax exemption request to MOF. Please write to sridaran@bmcc.org.my if you would like to explore this avenue. 

The second edition of BMCC's Breakfast Talk Series was successfully held last week with Dato’ Faris Yahaya, Managing Director of Cyberview Sdn Bhd and Mr Hew Wee Choong, Vice President, Investment & Industry Development of MDEC (Malaysia Digital Economy Corporation) providing insightful presentations on the topics of “Malaysia’s Future: The Digital Economy” and “IoT’s (Internet of Things) Contribution to the Development of Smart Cities” respectively. Over 30 attendees consisting of BMCC members and a proportionate number of non-members turned up for the event held at the ASEAN Data Analytics eXchange (ADAX).

Dato' Faris spoke on Cyberview's current initiatives in Smart City Solutions through collaborations in smart infrastructure (traffic analysis, parking management, wireless tech), environment (district cooling, electric transportation, compostech machines), economy (cashless payments, e-Job portals, hyperlocal advertising) and society (marketing hub influencers, citizen empowerment). Branching into the Internet of Things (IoT) in association to Smart Cities, Dato' Faris touched on Cyberjaya's appointment as a 'living lab' for IoT Technologies as part of the National IoT Strategic Roadmap to creating a conducive IoT industry ecosystem and strengthening technopreneur capabilities in Apps & Services towards making Malaysia a regional Development hub for IoT. 


Meanwhile Mr Hew spoke on matters pertaining to the driving of foreign investments, the building of local tech champions, catalysing digital innovation ecosystems and the propagating of digital inclusivity. In supporting these drives towards encouraging the thriving digital businesses in Malaysia, he said MDEC is making strides in the technologies of cloud computing, IoT, information security, BDA, Fintech amd E-Commerce. The reliance on foreign investment is also a key growth factor, with the UK being the second largest investor in Malaysia's Digital Economy (£55 billion total investments from 1997-2016). 

The breakfast talk concluded with the attendees staying on for morning refreshments and some networking. The BMCC's monthly Breakfast Talk Series continues on the 18th of May, this time featuring Mr Wan Shuhaimie, Head, Economic unit of the Research Department of Kenanga Investment Bank Berhad who'll be speaking on Malaysia's Economic Outlook, 2017 and beyond. More information below. 
22nd JPA-BMCC Management Programme Closing Ceremony
[ Click here to view the full album ]

The 22nd JPA-BMCC Management Programme came to a triumphant conclusion last Friday, where the 14 senior government officials who participated in the 3-month programme bade farewell to their attachment companies, the BMCC and to each other. The closing ceremony was held at Marina Putrajaya Lakeside, with nearly 100 attendees comprising of BMCC members and representatives from JPA and INTAN. 

BMCC Chairman Andrew Sill was present together with Dato' Nor Inchun Mohamed Salleh, Deputy Director-General of the Public Service Department Malaysia to offer the closing remarks, present the awards and to declare the programme officially over. 
 
The  candidates and participating member companies were handed certificates of participation and recognition. This year's award for Best Participating Company went to PWB (M) Snd Bhd for its professionalism and hospitality throughout the candidate's attachement there. The award for Best Project Paper was given to Dr. Goh Cheng Soon for a comprehensive and outstanding report during her attached at International SOS and while the Best Candidate achievement was awarded to Abdul Hadi bin Ismail who was attached at Tesco Stores Malaysia for demonstrating the knowledge, skills and qualities of an outstanding participant throughout the programme.

The BMCC congratulates the winners and all participants, and expresses its deepest appreciation to JPA and our member companies (British Airways, PWB, Holiday Villa Hotels & Resorts, International SOS, TMF Group, Tesco Stores, Crops for the Future, 90 North REP LLP and the University of Nottingham Malaysia Campus)  for all your hard work and cooperation in making our 22nd JPA-BMCC  Management Programme a success!
BMCC Members Entitled to Members Rate of RM 250
Download the Registration Form here & return to events@bmcc.org.my (Ramesh)
IERP: Global Conference 2017
(30% Off For BMCC Members)
Asia IOT Business Platform
Understanding IOT Needs of Business in Malaysia
BMCC receive 10% discount on the conference price
Click here for more info

BMCC Welcomes Our New Sterling Member!
TMI Consultancy Sdn Bhd
 
TMI Consultancy is a dynamic organisation which represents two powerful global consulting and training brands, TMI and TACK. Our mission is to deliver well-thought through solutions that focus on implementation and return on investment. Our epitome of success is our relentless focus to provide service beyond expectations of our clients in delivering world-class consulting and learning solutions with a focus on implementation.
 
Unit B-2-3, Block B, Plaza Damas, 60 Jalan Sri Hartamas 1, 50480, Kuala Lumpur
T:  +603 6203 4410  E: info@tmimalaysia.com.my W: tmimalaysia.com.my

Principal Representative: George Aveling - CEO
Egeorge@tmimalaysia.com.my
Introducing BMCC's New Member!
LRBC Facilities Services Sdn Bhd.

LRBC Facilities Services Sdn Bhd A facilities and hospitality management and consultancy group.  Led by well experienced management from the United Kingdom and Malaysia. Equipped with an abundance of skills, knowledge and industry best practice, underpinned by over 55 years’ hands on experience. We hold a high regard for work ethics, continuous improvement and drive for excellence. Working closely with clients to understand their precise needs, and then create solutions tailored to those needs. We do not do “Off the shelf” solutions.

Core Business Services: Facilities Management Services and Consultancy Support, Hospitality Services, Commercial Cleaning and Hygiene, Commercial/ Industrial Kitchen Deep Cleaning, Industrial/ Builders Cleaning, Project Management.  LRBC specialized in providing a full range of outsourced hospitality services to the hotel industry. 


13A-2 Jalan Solaris 5, Solaris Mont Kiara, 50480 Kuala   
T:  +603 62012988  E:  info@lrbcfs-group.com W: www.lrbcfs-group.com

Principle Representative: Nindy Khera – HR & Admin Manager 
E: nindy.khera@lrbcfs-group.com

British Airways' Top Chocolate Destinations in the UK and Europe

For chocolate lovers, Europe offers an abundance of places to visit and indulge. British Airways has created a list of places to visit in the UK, Belgium, France and Switzerland for travellers with a sweet tooth.


Flights from Kuala Lumpur arrive at the airline’s home at London Heathrow Terminal 5. Home to over 70 shops, London Heathrow won the award for the World’s Best Airport Shopping in March 2017. It is a perfect place for chocolate lovers to explore.

Click here for the Chocoholic's City Guide

PWB presented 2017 Malaysia Facilities Management Competitive Strategy Innovation & Leadership Award

Frost & Sullivan has recognized PWB (M) Sdn Bhd, part of the OCS group, with the 2017 Malaysia Facilities Management Competitive Strategy Innovation & Leadership award.

“We are proud to be recognized with the 2017 Frost & Sullivan Malaysia Facilities Management Competitive Strategy Innovation & Leadership award. This is an endorsement that we are on the right track in providing our customers with reliable and efficient services,” said Mr. Kevin Quinn, Country Director at PWB.

Continue reading here

GIS student retells the true story of an autistic child in her debut book

When Huda Patel chose autism as the subject of her personal study at school, she never thought that it would lead to something bigger: making her debut as an author. The A-Level student from Garden International School (GIS) recently published a children’s book titled “My Name is Nadia. I have Autism”.

Nadia is a 9-year-old autistic girl from Johor, whom Huda met whilst conducting her research for her personal study. After meeting Nadia and her family members, Huda felt the urge to do something more. It didn’t take her long before she decided to retell the story of Nadia from a first-person narrative.
Continue reading here

Dates announced for eISR 2018, human-powered submarine races!

The IMarEST has announced that the fourth European International Submarine Races will take place over a fortnight from 2-13 July 2018, with QinetiQ, a defence technology company, as the principal sponsor for the event.

The races are a unique sporting and engineering challenge which involve teams from universities across the world designing, building and racing human-powered submarines around a slalom course at QinetiQ’s Ocean Basin, one of the world’s largest indoor freshwater tanks in Gosport, UK.

Sponsorship opportunities available.
Click here to continue reading

ICAEW launches new brand

ICAEW has launched a new brand to ensure it remains modern and relevant to all of its audiences. The re-brand aims to be strong and distinctive to differentiate ICAEW from its competitors in a global marketplace as well as support future strategic aims.

The re-brand is the result of a year of research with key stakeholder groups taking on board comments and feedback. The main change is to Economia and her three symbolic tools. The rod signifies command; the rudder represents guidance and the dividers represent measurement and assessment and are now highlighted in red. 

Continue reading here

LOL Fest 2017 by LOLEvents

LOLFEST, the festival that celebrates the most contagious of human expression - laughter, is back! This year we're taking it to a whole new level; Bigger Shows, Bigger Comedians, and Bigger Laughs that leave you gasping for Big Gulps of air!

Don't miss this month long comedy festival kicking off on 24th March, featuring 11 specially curated shows that will blow your mind, with over 40 local and international comedy performers, happening in 3 amazing venues across KL!


Click here to watch the promo video
Click here for more info
One-Man Star Wars Trilogy Featuring Charlie Ross
 
This April, international show promoter, event and entertainment specialist Milestone Production will bring you on a ride of a lifetime into a galaxy far, far away. Organised to support United Nation’s International Day of Families, Milestone Production is bringing the critically acclaimed Broadway comedy parody “One Man Star Wars Trilogy” to Kuala Lumpur and Penang. The epic journey across the galaxy (officially endorsed by Lucasfilm) will be told through one man’s frenetic talents and energy at HGH Convention Centre Kuala Lumpur on 21 April 2017.


Tickets on Sale Here
(By the way, Milestone's giving away free pair of VVIP tickets each week. Visit BMCC's Facebook page to find out more)
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T: +603 2163 1784   |   E: info@bmcc.org.my   |   W: www.bmcc.org.my
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