Chamber News

The BMCC Celebrates New Office in TRX

The BMCC is proud to announce the inaugural opening of our office in TRX!

Our office’s relocation not only aims to enhance the Chamber’s brand profile, but also reaffirm our mandate to advocate and strengthen trade and investment relations between the UK and Malaysia. TRX stands as a testament to Malaysia’s ambitious vision to position itself as a global financial hub – a vision that aligns seamlessly with the Chamber’s commitment to fostering stronger business ties and cultivating economic growth.

The BMCC has served as a loyal catalyst to providing British and Malaysian businesses with networking opportunities, knowledge exchange, and bilateral trading assistance for more than 60 years. From our new location, we affirm our role as a proponent for regional development and an advocate for Malaysia’s economic resilience.

“In 2023, the bilateral trade between both countries soared to RM17.3 billion (USD3.79 billion). Malaysia esteemed the UK as its 21st global trading partner, while the UK positioned Malaysia as its 41st. The imminent ratification of the CPTPP by the UK marks a significant milestone, as it will be the first free trade agreement between our nations.

“Additionally, the establishment of a Joint Economic and Trade Committee, co-chaired by our respective Ministers and scheduled for later this year, underscores our commitment to fortifying economic ties. With these advancements, Malaysia is optimistic that our bilateral trade and investment relations will attain unprecedented heights in the near future.”

– YB Liew Chin Tong, Deputy Minister of MITI

We’re grateful for the attendance of all our honourable guests: Yang Berhormat Liew Chin Tong, Deputy Minister of Investment, Trade and Industry; Her Excellency Ailsa Terry, British High Commissioner to Malaysia; Mak Joon Nien, Interim Chair of the BMCC and Managing Director of Standard Chartered Malaysia; Senior Government officials; BMCC Board Members and our esteemed guests.

“2024 is set to be the year we transform our longstanding UK-Malaysia trade relations into a modern partnership with milestones like the forthcoming entry-into-force of CPTPP for the UK, and the hosting of our first ministerial UK-Malaysia Joint Economic and Trade Committee (JETCO) meeting.

“The Chamber’s move into the green and modern office at TRX will support efforts to provide even better services to their members, and ultimately support the growth of our bilateral trade and creating economic benefits for both our countries”

– Her Excellency Ailsa Terry CMG, British High Commissioner to Malaysia

We would also like to extend a special thank you to Martin Haeger and his team at HL Design for undertaking this project and for providing Architect & Interior Design support; the PMCC team for Project Management; ARUP team for MEP Consultancy; and Turner & Townsend team as our Quantity Surveyors. Lastly, kudos to the BMCC executive office team, led by our CEO, Jennifer Lopez.

“With the BMCC’s relocation, we not only enhance the Chamber’s brand profile but also reaffirm our mandate to advocate and strengthen trade and investment relations between the UK and Malaysia,

“Our presence in TRX signifies our dedication to showcasing Malaysia’s state-of-the-art infrastructure and facilities, serving as a gateway to ASEAN for British businesses seeking to expand their footprint in the region.”

– Mak Joon Nien, Chairman of BMCC & Managing Director and CEO of the Standard Chartered Bank Malaysia Berhad

We cherish this moment in our history as a step towards advancing our role in contributing to trade relations between the UK and Malaysia. We’re so humbled that we have this opportunity and proud that our hard work has allowed the Chamber to flourish into the bastion of potential that it is today.

We thank you all for helping us achieve this milestone, and we look forward to welcoming you into our new office!