3. What do you think about the start-up environment in Malaysia and more specifically in your sector?
We believe that the start-up environment in Malaysia is still in its infancy and has huge growth opportunities.
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 Did you know that according to the Trade Performance Index, Italy is the world’s second most competitive country in the manufacturing sectors? Italy is not only a cultural superpower and home to world-renowned fashion brands and exquisite food products but also a world leader in many important sectors such as construction and infrastructure, capital goods, design, pharmaceuticals, biomedical products, and aerospace technologies. Click here to view the brochure from the Ministry of Foreign Affairs and International Cooperation of Italy. 
Advertisement Guideline on MyFutureJobs Portal for the Hiring of Expatriates and Exemptions12/29/2020  With regards to the policy announcement on the MYFutureJobs recommendation for expatriate and foreign worker application, which is to take effect on 1st January 2021, here are some key updates from PERKESO. The MOHR and the Government of Malaysia have considered a number of position categories to be exempted from the policy. For the FAQ's regarding the advertisement of vacancies on MYFutureJobs of the hiring of expatriates, click here. For further details, click here to visit the PERKESO website. To download the MyFutureJobs Employer Portal user guide booklet click the PDF file below:
2. How do you see the business environment in Malaysia evolving in the near future?
The Malaysian economy, like the rest of the world has faced most certain challenges. The global COVID-19 pandemic in 2020 has resulted in shrinking economies and slowdown of investments globally. However, Malaysia’s GDP is expected to grow between 6.5% and 7.5% in 2021, after a 4.5% contraction in 2020, driven by an anticipated improvement in global growth and international trade.
Meet our Members: Vincent Chan and Datin Shelina Razaly Wahi, Partners of Abdullah Chan & Co10/28/2020
 SMI is a packaging machinery engineering company from northern Italy, and a world leader in secondary packaging as well as complete lines for the beverage manufacturing industry.
SMI is currently seeking a Commercial and Logistics executive for its South East Asia regional office, in Kuala Lumpur. The details for the Job Opportunity are as follows:
Interested candidates can send their Curriculum Vitae to: davidedanna@smigroup.net To know more about SMI group, click here to visit their website.  URGENT VACANCY: PROJECT ASSISTANT (3-MONTH FIXED CONTRACT)
Description: The Italian Trade Agency of Kuala Lumpur is seeking a Project Assistant based on a 3-month contract. He/she will work closely with the Trade Analysts and Trade Commissioner, providing support to promotional projects. The tasks include administrative duties, management of database, conducting market surveys, etc. Requirements:
Benefits Overview:
Employer: ITALIAN TRADE AGENCY Trade Promotion Office of the Italian Embassy Level 14, UOA Centre, Jalan Pinang  The new IMBA Committee has been elected during the Annual General Meeting for the year 2020 - 2021 which took place on 4th September 2020 at Le Meridien Kuala Lumpur.
The new Committee members are: President: Mr. Vincenzo Alaimo Vice President: Datin Paduka Halimah binti Abdullah Treasurer: Dato' Robert Teo Executive Committee Members: - Mr. Luciano Pezzotta - Mr. Ugo Castellotti - Mr. Michele Dossi - Mr. Francesco Grigolo - Ms. Crystal Saw Thanks to the Embassy of Italy, The Italian Trade Agency, and everyone who participated in the AGM and The Italian Networking Dinner and best wishes to the new Committee that will serve the Association for the next 2 years.  Congratulations to our Committee Member, Luciano Pezzotta, for being re-elected as Deputy Chair of EU-Malaysia Chamber of Commerce and Industry.
IMBA renews its full commitment to support EuroCham Malaysia in bolstering alliances for a prosperous EU-Malaysia Partnership. #EUMYstrongertogether On Friday, July 17th, we had a very fruitful visit together with Malaysian Investment Development Authority - MIDA
to our Member Fassi Asia Pacific in Nilai, Negeri Sembilan. Fassi established a manufacturing subsidiary in Malaysia in 2017 to produce and distribute a new line of cranes for the international markets, with focus on ASEAN, China, Russia and Middle East. Malaysia was chosen by Fassi for this particular project thanks to its favorable location, business friendly environment, well developed machinery supply chain and the support of local institutions. For our Italian speaking Followers:
On their latest edition, TRIBUNA ECONOMICA, giornale di economia finanza , an Italian monthly business newspaper, is talking about Malaysia! The digital version can be downloaded for free at the following link: https://www.etribuna.com/eportale/giornale_pdf/Tribuna_29_06_2020.pdf From page 11 to page 13, you can read interviews with the Italian Ambassador to Malaysia, H.E. Cristiano Maggipinto, the CEO of Malaysian Investment Development Authority - MIDA , Dato Azman Mahmud, and the CEO of Fassi Asia Pacific and IMBA Honorary President, Mr. Michele Dossi.  Congratulations to our Gold Member CRIF Malaysia for obtaining their credit report agency licence in Malaysia as CRIF Omesti Sdn Bhd.
CRIF Omesti Sdn Bhd is a joint venture formed between CRIF Malaysia, which holds 70% of the shares, and the local conglomerate Omesti Holdings Bhd, which holds the remaining 30%. According to Crystal Saw, CEO of CRIF Omesti, CRIF will deploy its business information platform technology and its credit scoring and analytics to the Malaysian market, to raise the bar for business information services and raise the market to the next level of digital transformation. Read more: https://www.thesundaily.my/business/omesti-unit-secures-credit-reporting-agency-licence-in-malaysia-BA2640113  We are pleased to inform our business community that we have been officially granted membership of Assocamerestero, the Association of the Italian Chambers of Commerce Abroad.
We would like to thank all our Members and Partners for this achievement and we look forward to continuing this journey together. We are pleased to share that the Immigration Department of Malaysia has issued new guidelines for Expatriate, Employment Pass and Talent Pass holder entering Malaysia for key posts and technical posts, and for dependents and foreign maids during the Recovery Movement Control Order (RMCO) period.
The guidelines are applicable for the following: -Expatriate / skilled worker / knowledge worker with an active pass, who is currently abroad. -New expatriate / skilled worker / knowledge worker who is currently abroad. -Dependents, including foreign maids to the expatriate / skilled worker / knowledge worker who is currently abroad. Please refer to this Guideline for the full guidelines for your reference. https://esd.imi.gov.my/portal/pdf/Guideline_expatriate.pdf  Following the announcement of the economic recovery plan, starting from July 2020 Malaysia will offer tax incentives up to 15 years to foreign manufacturing companies relocating in Malaysia with a capital investment above RM 300 million (USD 70 million)
 The Malaysian Ministry of Finance is in the midst of preparing RESTART, the Short-Term Economic plan with the objective of restoring the economic growth and the investors confidence in the Country.
Following the request by Ministry of Finance (MOF) to all Chambers and Associations to contribute with inputs and suggestions, yesterday we organized a webinar to collect the point of views of our Members. All information gathered by the European Chambers will be compiled by EU-Malaysia Chamber of Commerce and Industry, which will share them with MOF next week.  Our fundraising campaign in collaboration with MERCY Malaysia for the COVID-19 Pandemic fund has officially concluded.
We were able to collect a total of RM 22,000 which will be used to support MERCY Malaysia to help combat COVID-19 in Malaysia. We would like to thank every one for their contributions. For more information on MERCY Malaysia, please visit www.mercy.org.my Following the implementation of Conditional Movement Control Order (CMCO), companies operating in Malaysia are advised to declare business information of the company and agree to full compliance of the SOP by registering on MITI CIMS 3.0 (Covid-19 Intelligent Management System) at https://notification.miti.gov.my/login
Meanwhile, all guidelines and SOPs to be followed based on sector and type of activity can be downloaded from the National Security Council website at https://www.mkn.gov.my/covid-19.html  Following the announcement by the Prime Minister this morning, most economic sectors are allowed to operate effective Monday, 4th May 2020 based on normal operating capacity and operating hours.
All information related to allowed and not allowed activities, as well as SOPs to be followed by sector, can be found in the National Security Council (Majlis Keselamatan Negara) website: https://www.mkn.gov.my Download Prime Ministers Speech : English version (unofficial) : https://bit.ly/35pxM9o Bahasa version : https://bit.ly/35rCLWX  Yesterday IMBA, in collaboration with the Embassy of Italy in Kuala Lumpur, Malaysia, the Italian Trade Agency and SACE-SIMEST – The Italian Export Credit Agency, organized a Webinar for Italian Companies in Malaysia to share and discuss issues they are facing during the Covid-19 pandemic.
We would like to thank the over 40 companies representatives who attended the meeting. IMBA remains active during MCO to support Italian companies doing business in Malaysia. Feel free to reach to us via email at info@imba.org.my. Starting from 29th April , Companies who have received approval to operate are now allowed to increase their workforce capacity to 100% and to operate without time restrictions.
The Malaysian Prime Minister, Tan Sri Muhyiddin Yassin, just announced today that the Movement Control Order will be extended from April 14th to April 28th.
The Prime Minister also added that several economic sectors will be opened in stages and the government will make an announcement in the near future. https://www.thestar.com.my/news/nation/2020/04/10/mco-extended-until-april-28-pm-announces  The COVID-19 outbreak is affecting over 1.6 million people around the world to date and the daily life of millions more. As the outbreak continues, we're learning more about the disease and the damages it can cause.
IMBA is collaborating with MERCY Malaysia, an international non profit organization focused on providing medical relief and humanitarian aid and awareness, to support their COVID-19 Pandemic Fund. Donations will be used to fund medical supplies and food to those affected by the pandemic. We are calling for cash donation to help support the battle against COVID-19. Your contribution could make a difference, no matter how big or small. Cash donation can be made to: Beneficiary: Pertubuhan Perniagaan Malaysia Itali- Malaysia Kuala Lumpur** Beneficiary Bank: CIMB Account Number: 8000201511 Swift Code: CIBBMYKL Reference Code: COVID-19 ** For Cheque payment, please write account name in Full. For more information on MERCY Malaysia, please visit www.mercy.org.my or contact us at info@imba.org.my / +6017 3710 363. Together we can overcome. Stay safe. Since the beginning of the Movement Control Order, the Malaysian Government has announced several measures to support businesses and individuals during this time of crisis.
As it might be difficult to navigate among all the announcements that have been made, we would like to share a document which contains a comprehensive list of all the measures available and the requirements and modalities to access them. The document can be downloaded here: https://drive.google.com/file/d/1ULVN2crEZOnqWa5hk-ChamW1jdxud5qM/view?usp=sharing |
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