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07 Apr 2021 / 14:15 H. KUALA LUMPUR: The reinstatement of cabotage policy exemption for submarine cable repair vessels will accelerate Malaysia’s progression towards becoming a digitally-enabled and technology-driven high-income nation by 2030, said the American Malaysian Chamber of Commerce (Amcham). Chief executive officer Siobhan Das said the chamber is ready to support the government in reviewing its legislative and regulatory measures relating to digital infrastructure under the Malaysia Digital Economy Blueprint (MyDIGITAL) initiative, by facilitating substantive industry consultation and proposing solutions that support the realisation of the government’s objectives. “Regulatory barriers that do not support efficient management of digital infrastructure is worrisome for investors at a particularly critical time when Malaysia seeks to compete for digital infrastructure investments and drive economic recovery,” he said in a statement. ....
Wednesday, 07 Apr 2021 01:30 PM MYT BY JERRY CHOONG Transport Minister Datuk Seri Wee Ka Siong has defended the cabotage exemption repeal, which was finalised on November 18 last year. Picture by Firdaus Latif Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 7 The recent repeal of the cabotage exemption for submarine cable repair vessels is a worrying sign for the American-Malaysian Chamber of Commerce (Amcham), which said regulatory barriers that do not support efficient management of digital infrastructure is worrisome to investors. Its chief executive officer Siobhan Das said the cabotage exemption repeal comes at a particularly critical time when Malaysia seeks to compete for digital infrastructure investments and drive economic recovery. ....
Pix for representational purpose only. PETALING JAYA: The results of a recent survey, which showed that more women are in senior leadership positions in business, has been lauded by the corporate sector. The annual Women in Business Report, by global professional services network Grant Thornton, showed that 37% of senior corporate leadership positions are now held by women, up from 31% last year. This has been achieved despite the challenges of Covid-19, Grant Thornton noted. Founder and managing director of Engender Consultancy Omna Sreeni-Ong said this increase is very encouraging and may be attributed to the increased spotlight on women. “Perceptive companies are beginning to recognise the value of having women in senior positions and are taking proactive steps to ensure policies are in place to create an enabling environment and culture to facilitate women’s progression towards more senior decision-making roles.” ....
Published on: Saturday, January 09, 2021 By: Malay Mail Text Size: A general view of the Kuala Lumpur city centre during the movement control order, March 27, 2020. ― Picture by Choo Choy May Kuala Lumpur: The American Malaysian Chamber of Commerce (Amcham) has urged the government to refrain from knee-jerk reactions and redeploy the May 2020 standard operating procedures (SOPs) which allowed businesses to operate at 100 per cent capacity with self-regulation of their ecosystem to maintain strict compliance to SOPs. Its Chief Executive Officer Siobhan Das said, with the reinstitution of tighter SOPs and incorporating the elevated automation and experiences in hand from 10 months in 2020, Amcham reasoned that manufacturing and support services should be allowed to operate at their maximum capacity as opposed total lockdown such as in March and April of 2020. ....
THANK you everyone for your feedback on my previous posting. I have read all of them, and I appreciate the constructive feedback. Without a doubt, Covid-19 has wreaked havoc on all countries and economies. Like other nations, we are also faced with the arduous task of rejuvenating and rebuilding our economy, starting with initiatives introduced through our nation’s short-term economic recovery plan (PENJANA) announced in June 2020. PENJANA has introduced tax and investment incentives such as: 1. 0% tax rate for 10 to 15 years for new investment in manufacturing sectors with capital investment between RM300 million or above; 2. 100% Investment Tax Allowance for 5 years for existing company in Malaysia relocating overseas facilities/segments into Malaysia (extended to 31 December 2022 under Budget 2021); ....