"What's Next for UK & Malaysia" - Keynote Address

Last  Thursday, the BMCC supported by the British High Commission, MITI and MATRADE successfully hosted the "What's Next for UK & Malaysia" keynote address, with speeches from H.E. Vicki Treadell CMG, MVO (British High Commissioner to Malaysia) and Y.B. Datuk Haji Ahmad bin Haji Maslan (Deputy Minister of International Trade & Industry).

As a sequel of sorts to last year's BMCC conference entitled Brexit & Malaysia: A New Opportunity,  the purpose of the event was to provide a status update on the UK following its General Elections' hung parliament result as well as Brexit, one year down the road. 

Vicki Treadell who was in London last week to attend the Annual Leadership Conference with the all of the UK's High Commissioners, ambassadors, consul generals and Theresa May's cabinet commented on the Prime Minister's economic plan, saying "The first part of the plan is to remind people that Britain is global. I know what my tasking is, and I know the direction of travel that we are heading in. I have heard first hand from our ministers and my government.”

"The analogy I use is that Britain is like the wallpaper in the room. My job, and that of my team in my Department of International Trade, my political team, my sites innovation team, my defence team, is to bring that wallpaper out into three dimensional space. Actually we’ve been here, we are here and we’ll continue to be here. We’ll do new and exciting things, we’ll evolve,” she said. 

YB Datuk Ahmad Maslan also shared his positive thoughts on UK's Brexit based on MITI's findings. "It is now more than one year since the referendum and it comes to us as a pleasant surprise that we are seeing encouraging results trade recorded in the beginning of this year. From January to May this year, Malaysia’s total trade with the UK increased by 4.6% to RM2.66 billion compared to the same period in 2016" he justified. 

Based on MITI’s initial engagement with UK companies, most companies here express confidence that their operations would not be too affected and that investment decisions were made based on common mutual factors. For Malaysian companies operating in the UK, there will likely be sufficient time to adjust accordingly, despite uncertainties of how things may unfold after the exit of the Britain from the Union.

The morning event which was attended by over 75 guests from various private and governmental sectors ended with a Q&A slot and networking session. 

[Left two pictures: BMCC represented by Aurelia Silva (BMCC Executive Director), Saji Raghavan (BMCC Board Director) and Sridaran Sabapathy (BMCC Project Manager) at the MITI Technical Meeting on Withholding Tax] [Right two pictures: Aurelia Silva and Dato' Anthony Cooper (Chairman of the British Malaysian Society) signing an MOU] - Click to enlarge images

MIDA Presents Preliminary Framework for Exemption on Withholding Tax

On the 21st of July 2017, the Malaysian Investment Development Authority (MIDA) presented a draft on the guidelines for the exemption on Withholding Tax. Chambers, associations & companies were invited to a private dialog session at MITI to provide their feedback on the proposed framework. The session was chaired by Y.Bhg, Dato’ Nik Rahmat NiK Taib – Deputy Secretary General (industry), MITI and attended by key stakeholders from the public sector - IRB, Bank Negara & the Ministry of Finance.

Overall, MIDA’s proposal on exemption criteria was well received by the business community. The criteria is at its final stage (pending cabinet approval) and is expected to be implemented on the 1st of August 2017.

The exemption framework is the culmination of efforts undertaken by the BMCC and its bilateral counterparts over the past months to seek relief for companies that were severely impacted by the policy. The chamber is monitoring this closely and will provide an update on the matter as it develops, if you’d like to discuss this matter with the chamber please contact Sridaran Sabapathy –

BMCC Officially Signs MOU with the BMS

Dato' Anthony Cooper, Chairman of the British Malaysian Society (BMS) visited the BMCC office last week to sign a Memorandum of Understanding. As part of our agreement with the BMS, BMCC members are invited to attend  their events hosted in London and vice versa. We will be posting their event invitations here on the weekly newsletters, so be on the lookout for events of interest should you find yourself in the UK. 

BMCC Breakfast Talk Series #5: Cyber & Surveillance Security

Join us for the next exciting installment of BMCC’s Breakfast Talk Series with fellow members BAE Systems and Panther 911 of Digistar. Speakers Rishe Ramasamy and Fadzril Fatin will be speaking on the topic of “Malaysia & The Cyber Threat Landscape” while Ethan Chang Hon Yen will focus on “Modern Security Technology: Protection or Prevention.”

RSVP to events@bmcc.org.my

Business Opportunities in the Education Sector in Cambodia: A Briefing by Market & Sector Experts

Led by Ritchie Munro, Executive Director of British Chamber of Commerce Cambodia, join him and market experts Trevor Sworn and Ali Copple at the BMCC Kuala Lumpur this 26th July for a presentation on the growing Education Sector in Malaysia. 1-2-1 business meetings will ensue after the morning's proceedings. 

Book your meetings slots to vikram@bmcc.org.my

EUMCCI will be opening up a second VIP table with YBhg Datuk Seri Jayasiri, Secretary General of the Ministry of International Trade & Industry (MITI). Interested takers are welcomed to RSVP back to events@eumcci.com. Pricing remains at RM 583 for members only. 
British Malaysian Society (London): "Politics, policies and the corporate sector in Malaysia" by Prof Terence Gomez
This talk provides a historical review of government-business relations in Malaysia, tracing how this nexus shaped the mode of the state's intervention in the economy and the nature of its politics & policies.
*As part of our MOU with the BMS, BMCC members are invited to attend events hosted in London. Kindly declare your BMCC membership when registering to the BMS. 
Click here to view the BMS Newsletter Summer 2017

"Transformational Entrepreneurship: Promoting Malaysia's Economic Growth"
The BMS would also like to invite our members to this talk and dinner hosted by Dr David Pilsbury, Pro Vice Chancellor International of Coventry University. Senior members of PEMANDU will be joining the talk led by Dr Paul Jones, Deputy Director, International Centre for Transformational Entrepreneurship. 
Date: 29th July (Saturday) | Time: 5pm onwards. 
Venue: Majestic Hotel, Kuala Lumpur
Send your enquiries to carole.still@culc.coventry.ac.uk
Trends in Holistic Education Symposium Asia 2017
Are you prepared for the future of our rapid changing world? “In the age of robots, schools are teaching our future leaders to be redundant.” In the future, if you want a job, you must be as unlike a machine as possible: creative, critical and socially skilled. 
The Trends in Holistic Education Symposium Asia 2017 (THESA) is back and will be held at Taylor¹s University Lakeside Campus, Kuala Lumpur, Malaysia between 9 to 11 August 2017
Search-Inside-Yourself Mindfulness Program (SIY)
This program is based upon neuroscience research on mindfulness and emotional intelligence—a proven track record which includes the importance of self-awareness, the power of optimism and resilience, and the benefits of empathy and compassion. In this special 1-day program held on 9th August at Taylor's Lakeside Campus, participants will be provided with a concrete path to cultivate engagement, develop authentic leadership and unleashing the innate creativity in themselves. 
Verdi Requiem by British Academy of Performing Arts
Do you like to sing? Would you like to represent the Expat community as part of the largest ever choir assembled in Malaysia for the Malaysian Premiere of the Verdi Requiem. 
Join the combined KL Internationals Schools choir of 150, an international symphony orchestra and 4 top soloists conducted by Paul M Baker for this spectacular Remembrance Weekend event. Happening 11th & 12th November at Grace Convention Centre, Petaling Jaya. 
BMCC will be participating in the 18th Malaysian International Food & Beverage Trade Fair at PWTC from 9-11 August 2017.  We would like to offer our members a complimentary space in our shared booth.  Limited spaces are available, first come first served.  For further information, please contact : phoebe@bmcc.org.my or visit the website at www.mifb.com.my
You are invited to join as a delegate at the Bett Asia Leadership Summit & Expo, on 15-16 November 2017, at the Mandarin Oriental in Kuala Lumpur. This inspiring event will once again bring together people, ideas, practices and technologies from across the region so that educators and learners can fulfill their potential.

Secure your place today, purchase your delegate pass with a 10% discount exclusively for BMCC Members. Email to comms@bmcc.org.my for the discount code.

Chinese Property Buyers Mean Business

Chinese property buyers have a tremendous impact on the market here in the UK, and this impact is only increasing as their interest in what the UK can offer them continues to soar. According to research conducted by TheMoveChannel.com, there was a 25 per cent rise in interest from China as a result of more and more Chinese investors considering putting their money in overseas property to gain the best returns. In fact, outbound investment from China has increased substantially year-on-year since 2013, rising from $8.1 million (£6.4 million) in 2013 to $28 million (£22.1 million) in 2016.
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