Issue #294- 14 March 2022
Malaysia to Reopen International Borders on 1st April &
The Optimism Surrounding it
After two years of stringent border controls to contain the Covid-19 outbreak, the honourable Malaysian Prime Minister, Datuk Seri Ismail Sabri Yaakob announced that Malaysia is set to reopen its borders to fully-vaccinated international travellers, alongside waiving of quarantine requirements starting 1st April 2022. He stated, “The decision is made based on science and current facts related to Covid-19, where we also want to provide comfort to travellers and to not complicate their travel process and most importantly, Malaysia is now a destination that is open and can be visited by all.”
Under the new requirements, all foreign travellers are required to be fully vaccinated and must comply with all health protocols currently in place. They are no longer required to apply through MyTravelPass and are only required to utilise the MySejahtera app and must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival.
To keep up to date with the latest government announcement on quarantine protocols and SOPs, click here.
As part of the Malaysian government’s “Transitioning to Endemicity” phase, it is a move that looks to spur the revival of the country’s economy especially for tourism purposes. With the country's high vaccination and low mortality rate – it is seen as a symbol of return to normality, economic and employment growth.
Bursa Malaysia stocks rose as an uptrend of the reopening due to improved market sentiment and renewed optimism – more so for aviation and tourism-related stocks. It marks a transition from isolation-derived revenue to a more commercial, tourism-based revenue resulting in a projected economic growth of 5.8% in 2022 – matching the corresponding growth in the global economy with increase in household spending and cross-border investments.
Malaysia Sees an Uptick in Investment Flow & The Trajectory Upwards
In the easing of restrictions, the Malaysian Investment Development Authority (MIDA) recently announced that Malaysia recorded the highest investment flow since 2006 with RM306.5 billion worth of approved investments in the manufacturing, services and primary sectors in 2021 – with Penang, the Southeast Asia’s semiconductor manufacturing hub being the largest recipient.
To highlight a few outstanding sectors, manufacturing sector secured projects worth RM195.1 billion in 2021 – an increase of 113.7% from previous year. The electrical and electronics (E&E) industry alongside mining industry witnessed overwhelming increase in approved investments worth up to RM148 billion and RM17.1 billion respectively.
The honourable Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI) stated, “Our robust business ecosystem has enabled us to secure strategic investments and forge new trade relationships placing us on a positive trajectory to propel our economy to greater heights as well as expedite efforts towards inclusive socio-economic growth.”
To read up on MIDA’s investment report, click here.
The BMCC to Return to Penang!
The Chamber views the recent development with buoyancy and optimism, and is taking a pragmatic approach in its goal to advancing bilateral trade and advocating the growth of businesses between the United Kingdom and Malaysia – starting with a scheduled appearance in Penang on 28th to 30th March 2022.
Our second time back to the Northern state this year will encapsulate the Chamber’s efforts to spread its influence and services via a roundtable with the Penang state government, visiting members’ office and engagement opportunities with potential members. To like-minded organisations who would be interested for a sit down, we are keen to savour the moment – reach out to us at firstname.lastname@example.org and we’ll get the ball rolling!
These are exciting and adept times for Malaysia and the Chamber is proud to play its role in supporting the country’s continuous journey to economic recovery.
Stay up to date with the Chamber’s latest news and activities through this newsletter or follow us on our social media platforms.
|Meet our New Sterling Member Dialight Penang Sdn Bhd|
The Chamber is delighted to welcome Dialight plc as our new Sterling Member!
With over 50 years of industrial experience, Dialight is the world leader in LED industrial lighting technology with millions of LED fixtures installed worldwide.
Since then, they have revolutionised the use of LEDs to provide superior lighting for industrial work sites, traffic control, indicators and structural towers around the world.
Dialight plc global headquarter is based in the United Kingdom with a few operation offices globally, namely in the United States of America, Australia and Singapore. They also have a distribution centre in Penang, Malaysia.
|Webinar | Energy Outlook 2022|
The BMCC, with support from the Energy Industries Committee (EIC) and the Malaysian Oil and Gas Services Council (MOGSC) - is organising the highly anticipated Energy Outlook 2022.
This webinar forum shall explore the very topic of the energy transition, especially in Malaysia - as well as look at the challenges and opportunities across the spectrum of the energy transition with experts from the government and private sectors.
We are pleased to extend the invitation to our network and we will share the registration link soon. In the meantime, mark your calendars!
Date: Tuesday, 12 April 2022
Time: 3.00 pm - 4.45 pm
|Webinar | Business Opportunities in the Life Sciences Sector in Malaysia|
The Chamber in collaboration with Santander and support from the Department for International Trade (DIT) UK are calling for the participation to the webinar on:
"Opportunities in the Life Sciences sector in Malaysia".
If you’re a UK business involved in the Life Sciences/Healthcare industry, with a strong interest in breaking into or exploring export opportunities in Malaysia. This is a last call for registration as seats are filling up fast!
Date: Wednesday, 16 March 2022
Time: 9.00 am - 10.15 am (UK)
|Visit to Members' Office - GlaxoSmithKline Pharmaceutical Sdn. Bhd. (GSK)|
On 7th March 2022, the Chamber visited the office of our Sterling Member, GlaxoSmithKline Pharmaceutical Sdn. Bhd. (GSK) to engage for a catch-up session that revolved around discussing potential collaboration and offering business support in the Chamber’s capacity.
The Chamber was represented by Jennifer Lopez, Chief Executive Officer, Roufizah Razali, Senior Manager Membership & Strategic Partnerships and Phoebe Nonis, Senior Trade Manager and were hosted by the representatives from GSK - Jonathan Pan, Vice President & General Manager Malaysia & Brunei, David Lin, Director of Communications, Government Affairs & Strategic Customer Solutions, Angie Ng, Senior Market Access & Pricing Manager and Amirah Amran, Communications Associate.
GSK is a science-led global healthcare company with a special purpose to help people do more, feel better, live longer. GSK Malaysia has grown substantially both in its infrastructure, business operations as well as talent base. In terms of staff strength, GSK Malaysia is comprised of around 975 colleagues across all our business entities – Pharmaceuticals & Vaccines, Consumer Healthcare, GSK Regional Hub APAC, and Consumer Healthcare Quality Supply Chain.
We wish GSK the very best in their efforts and look forward to further collaboration in the future.
|The Japanese Chamber of Trade & Industry, Malaysia (JACTIM) - Visit to BMCC Executive Office|
The Chamber was represented by Jennifer Lopez, Chief Executive Officer, Roufizah Razali, Senior Manager Membership & Strategic Partnerships and Daniel Lee, Manager Public Affairs and Government Relations.
We look forward to working closely with JACTIM towards encouraging foreign investment into the country and also retaining our current investments in the country through various collaborations and initiatives.
|JACTIM | Joint Hybrid Webinar on Sec. 17A and Related Laws|
The BMCC is pleased to support JACTIM’s webinar on "Sec. 17A and Related Laws". In 2021, foreign based chambers were officially invited to the International Anti Corruption Day by the Malaysian Anti-Corruption Commission (MACC), triggering a strong awareness on compliance to the Anti-Corruption Law in Malaysia. This year, the aim shift towards economic recovery with not only new normal but also envisioning a shift in management strategy that responds to ESG investment.
Participation is limited to the member companies under invited chambers.
Date: Thursday, 17 March 2022
Time: 3.00 pm - 4.30 pm
Platform: MS Teams
|MIDA | Why Malaysia Is Your Ideal Profit Centre in Asia?|
Malaysia lies just above the equator, right in the heart of South-East Asia. Strategically located between the Indian Ocean and the South China Sea, Malaysia is well serviced by all primary air and shipping lines. This coupled with the country’s sustainable and solid economic foundation, comprehensive business ready environment, future forward focus and dynamic skilled workforce - have made Malaysia an attractive cost-competitive investment location in the region, and is fast becoming a preferred centre for shared services and leading technology industries.
|Malaysian Government Announces Reopening of Borders on 1 April 2022|
The Prime Minister of Malaysia announced on 8 March 2022 that Malaysia is in the transitioning to the endemic phase and is ready to reopen international borders on 1 April 2022 with improved SOPs.
- The full media statement by the Prime Minister can be downloaded here.
- The unofficial translation of key highlights from the Prime Minister’s media statement can be downloaded here.
|MOH launched Covid-19 Protocol Portal to Provide Clarity on SOPs|
The Ministry of Health Malaysia (MOH) recently launched a new COVID-19 protocol portal that provides simple and updated information on protocols and SOPs that needs to be adhered to by the public with different levels of infection or contacts with COVID-19 cases.
|Charterhouse Malaysia | Discover Project-Based Learning and Design Thinking|
- Are you exploring where to study for your IGCSE and A Levels?
- Are you ambitious and want to achieve the highest possible academic grades but also develop a broad yet focused holistic profile?
- Are you determined to attend the best universities globally?
If the answer is YES, then join the Charterhouse and the Mathematics, Computing, and Science teams on the spectacular campus for a morning of exploring, and solving real-world issues through project-based learning and design thinking activities.
Project-based learning activities allow students to develop deep content knowledge and develop important 21st century skills.
Date: Saturday, 26 March 2022
Time: 9.00 am
|Malaysia Airlines | MH Biz Pro: Australia Welcome You!|
Whether you plan to travel for work or leisure, book your tickets to Australia with MHbiz PRO today and enjoy up to 15% off flights.
Plus stand a chance to win a 3 Days 2 Nights stay at The Datai Langkawi + 1 Business Class ticket from/to any Malaysia Airlines operating destinations when you book a trip during the campaign period!
Sales Period: Now until 15 March 2022
Travel Period: Now until 30 June 2022
*Terms and conditions apply.
|Nexus International School | On-campus & Virtual Open Days|
Come and discover everything you need to know about studying and boarding at Nexus from the leadership team during the Open Days and enjoy a campus tour by their learners.
Register now and join them on-campus or virtually, and get up to 100% off Registration Fees and a rebate on Application Fees when you apply.
IBDP Scholarships available.
On-Campus: Friday, 18 March, 10 am
Virtual Event: Saturday, 19 March, 10 am
*Terms and conditions apply.
|University of Reading | A Smart Route to UK Study|
Come and experience two incredible University of Reading campuses and save on the overall cost of an overseas education. Apply now for the April 2022 intake - and receive a 3% early bird special.
Contact them for a virtual 1-to-1 consultation session via WhatsApp, phone or email. Check out the world-leading programmes that are designed to give you a career head start here.
For more information:
Call +607 2686 205 | Whatsapp +6016 7725 400
Economy likely to recover faster
- New Straits Times
Nearly 68% of children yet to be vaccinated, says ministry
KL among investors top three destinations in Malaysia
- New Straits Times