Issue #174 - 4 Nov 2019
Post Budget 2020 & Malaysia's Shared Prosperity Agenda
Last Thursday, the BMCC together with the Chamber of Commerce & Industry France Malaysia (CCIFM) hosted our second Economic Outlook and Post Budget Conference. Themed "Shared Prosperity: Malaysia's Economy Now and Future" the conference saw YB Tony Pua, the Political Secretary to the Minister of Finance return once more to speak to our members about the ideas and challenges that had gone into the Malaysian Budget 2020.
Reiterating the Finance Minister's speech during the Budget announcement on 11th November, Tony Pua referenced the economic glory years of Malaysia in the late 1980s and early 90s where FDI poured in, and how we can return to an approximation of that period of financial prosperity. "As long as we can attract sufficient quality investments, giving us the option to choose the type of investments we want to come into Malaysia, we will be able to produce the capacity to change our economic growth trajectory going forward," YB Tony said. Labour intensive industries and technology sectors were some of the inward investments exemplified that Malaysia would be keen to welcome.
Tony Pua touched on the measures that went into the Budget to ensure several large issues were addressed, such as creating more jobs opportunities and incentives for unemployed graduates, as well as incentivising preferences to work with local labour instead of foreign. One of his underlying messages in his speech was that the global economy will always turn around, and that it will be a crucial 2-3 years ahead for Malaysia to start attracting new kinds of foreign investment and to rebuild capacity to be ready for the new global supply chain. "We have managed to create a big theme around the Budget 2020 that we hope, given the current economic challenges and the opportunities that are arising, Malaysia will have the best chance of escaping the middle income trap," he concluded.
Amarjeet Singh (ASEAN & Malaysia Tax Leader, EY Malaysia) also returned from our Post Budget Conference last year to provide an updated analysis of the Budget 2020 from a tax perspective. The conference rounded up with an in-depth panel discussion between Professor Edmund Terrence Gomez (Professor of Political Economy, University of Malaya), Natasha Pheiffer (Managing Director Asia, BAE Systems), Yee Wing Peng (CEO, Deloitte Malaysia) and moderator Omar Mahmoud (Managing Director & Country Head of Global Banking, HSBC Malaysia) covered a variety of topics from SMEs and the US-China trade war to the importance of education and career building.
The Impact of Black Economy on the Business Community in Malaysia
The BMCC is conducting a survey with the aim of identifying challenges that are affecting businesses in Malaysia, particularly on the impact of "black economy". Your feedback is important in providing a clearer view from a business community perspective, the challenges arising from black economy whilst operating in Malaysia. Click here to take survey
BMCC Higher Education Forum (12 Nov)
This half-day forum will seek to discuss on the opportunities and benefits to leverage on the pool of talent of international students in Malaysia and understanding how key stakeholders within the higher education ecosystem can work together to overcome these barriers. In addition, the forum will have a “Student Voice” platform where student leaders (local & international) will share their views on the subject.
BMCC Annual Corporate Christmas Luncheon (6 Dec)
That time of year will soon be upon us! Let us revel in Christmas cheer this 6th December as our annual BMCC Christmas Luncheon returns to JW Marriott Kuala Lumpur. Come one, come all members, colleagues, friends and families as we give a grand glimmering send off to 2019 and toast to an exciting 2020 ahead!
The British High Commission Remembrance Day Service 2019 (10 Nov)
General enquiries and requests to lay a remembrance poppy wreath can be made through the British High Commission Defence Section: KualalumpurDefence@fco.gov.uk
Date: Sunday 10th November 2019
Venue: Tugu Negara, Jalan Parliment
Timings: 0745 - 0900
Epsom College in Malaysia's New 18-month A-Level Programme - Up to 10% off Tuition Fees
For BMCC Members only: Epsom College in Malaysia is pleased to announce the launch of the new 18-month A-level programme. In line with their desire to make high quality education more accessible, the 18-month programme is offered at RM40,000 for tuition fees. In addition to these extremely competitive fees, ECiM is offering a discount of up to 10% on the tuition fees for BMCC members and their children.
ECiM is also offering Preferential Tuition and Boarding Fees for BMCC members (Early Years, Prep School & Senior School). Click here for more
The International Schools Partnership (ISP) is a growing group of committed colleagues in financially responsible schools around the world, all of which aim to be the school of choice in their local area. Our 42 schools are located in ten countries within Europe, Mexico & Central America, the Middle East, South America, Southeast Asia and the USA. ISP schools in Malaysia include the Tenby Schools - Ipoh (Perak), Penang, Setia Eco Park (Shah Alam), Setia Eco Gardens (Johor Bahru), Setia EcoHill (Semenyih), and Tropicana Aman. ISP recently added Asia Pacific School, which comprises a national stream (Asia Pacific Smart School or APSS) and an international stream (Asia Pacific International School or APIS) to the school portfolio. All schools provide an education for students from 3 to 18 years of age.
Principal Representative: Andy Nicol (Regional Managing Director, Malaysia)
Business Innovation Conference 2019 (27 Nov)
BMCC Supported Event
Join the Business Innovation Congress (BIC) on 27 of November 2019 at the Grand Hyatt Hotel in Kuala Lumpur, Malaysia. The main objective of BIC is to provide disruptive ideas and perspectives outside of usual business processes, as well as explore new market trends, products, services, and technological innovation. More info here
10% Discount for BMCC Members
Visit International SOS' booth at PARIMA Malaysia Conference 2019 (5 Nov)
Political unrest headlines are in the news every day and they add to businesses’ global risk management concerns. International SOS proudly supports the PARIMA Malaysia Conference 2019 held on 5 Nov 2019 at Pullman Hotel KL, being one of the Silver Sponsors in this Conference. Mr Aditya Luthra, Security Director, Security Solutions, Asia Pacific from International SOS will be sharing insights in the panel session “Unfriendly Shores: The Changing Nature of Political Risk, its Challenges and Impact” from 11:5am to 12:15p.m.
Eaton International School: Open Day (10 Nov)
Come join us at our upcoming Open Day on 10th November. Meet our Principal and teachers, go on a school tour with our student ambassadors and enjoy a 50% waiver on application and registration fees when you sign up at our Open Day.
MIDA: Unlock Your Business Potential Through Listing (13 Nov)
BMCC members are invited to this forum organised by MIDA in collaboration with Bursa Malaysia with the objective of encouraging local companies that have an excellent track record to list their companies in Bursa Malaysia as well as to spur private lead domestic investment growth. Complimentary seats limited on first-come first-serve.
Madagascar The Musical: Direct from the UK! (5-8 Dec)
See the smash hit movie, Madagascar comes to life on stage! Featuring all your favourite friends, escaping the zoo has never been more exciting! Let’s MOVE into the musical and join their amazing journey now!
Special BMCC Member Promotion: Enjoy 15% off Premium, VIP, Cat A and Cat B when you purchase Family Of 4 tickets.
Will Big Data make us wiser?
"What skills will be needed to survive and thrive in the 21st century? Last month I spoke about this at a conference in London, at the end of which I booked an Uber to take me to the airport. With the Extinction Rebellion protest in full swing outside my hotel room window, causing a huge amount of traffic chaos, Uber informed me via the app that they would be adding a 50% surcharge to my fare. Faced with the alternative of hauling my luggage to the tube, I had little choice but to agree to pay it."
Southern Rock Seafood: November Promotions
Year end is upon us - book your party with Southern Rock Seafood! Click here to organise a Private Party with them. Also, their Heavenly Sunday Lunch is on Every Sunday - Sumptuous Buffet with optional free flow wine and beer, and Bruce and band playing the Fisherman's blues. Irish Music night on Sat 16th with Richard and TWO Wine dinners: Meet the makers of delightful Alkoomi from WA and Cloudy Bay lovers rejoice - buy two bottles and get an RM250 seat at our luscious dinner for free. On 21st Nov, Learn "How to Cook Fish!" with Chef Balan focusing on wild-caught Lemon Sole from New Zealand.
Knight Frank : Rare Repositioning Offering in Kuala Lumpur, Malaysia
- Freehold with triple road frontages & dual access
- Total GFA approx. 140,454 sq ft
- Strategically located at Jalan TAR, near to notable tourist attractions.
- Rare boutique offering for repositioning / refurbishment into a hotel
Sri KDU International School: IBDP Scholarships 2020
Sri KDU International School (SKIS) is offering competitive scholarships for the International Baccalaureate Diploma Programme (IBDP). The selection system for the IBDP Scholarship is criterion-referenced, and candidates must demonstrate a high level of oral and written proficiency in English. Outstanding students who are completing the IGCSE (Year 11) are invited to apply. For more info on the application and the terms & conditions, please visit the school’s website here
NCSM: Movember Wellness Package
You or the men in your life may 'feel fine', but studies show men often visit their doctors later than women, when diseases strike. This often results in poorer survival or quality of life in male patients, so don't put yourself or your family members at risk. Early detection saves lives.
Check out our Movember Wellness Package and visit our clinic to get screened. For more information, call our Cancer and Health Screening Clinic at 03-2698 7351. More info here
Winning Across Asia And Voted The Best in Malaysia!
The Kuala Lumpur Convention Centre (the Centre) has affirmed its leading market position by winning the “Purpose-Built Convention & Exhibition Centre Excellence Award” at the inaugural Malaysia Business Events Awards (MBEA) 2019. This accolade comes hot on the heels of the Centre winning the “Outstanding Venue Award” at the AFECA (Asian Federation of Exhibition & Convention Associations) Asian Awards 2019 earlier this month (October).
Introducing Avis Malaysia Touch 'N Go
Treat yourself to exclusive deals from their partners when you rent or lease a car with Avis Malaysia. It is more than just car rental. With Avis Malaysia Touch 'N Go Card, you can enjoy special discounts their wide range of partners.