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NEWS

Meet Our Members: An Interview with Sathiamurthi Ramanaidu, CEO of Gflex 40

1/18/2021

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1. Can you give our readers an introduction to your
company?

GFlex40 is a unique digital insurance technology start-up. Partnering with some of the leading brand name insurance companies in the world, we deliver fast easy to purchase insurance for both individuals and businesses. Unlike most competitors, we underwrite customers ourselves with authority from the Insurance companies.

2. What untapped opportunities inspired you to
become a founder of a start-up?

Retail shopfronts, education, and even banking have
evolved to take advantage of information technology
development in recent years. Amazon, Lazada, Revolut & Monzo are examples of e-commerce & Digital banks that have flourished in traditional sectors. Unfortunately, Insurance is still a long way away from modernizing and still very much dependent on traditional models to operate. GFlex40 is working towards changing that and delivering to customers what they need. Innovation and value-driven by core technologies. 
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​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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Excellence: Italian Main Industrial Sectors

1/13/2021

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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. 
excellence-italian_main_industrial_sectors_brochure.pdf
File Size: 3413 kb
File Type: pdf
Download File

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Advertisement Guideline on MyFutureJobs Portal for the Hiring of Expatriates and Exemptions

12/29/2020

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​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: 
myfuturejobs_manual.pdf
File Size: 7519 kb
File Type: pdf
Download File

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Meet our Members: Priya Selvanathan, Head of Tax & Transfer Pricing APAC, and Associate Partner of Rödl Consulting Sdn Bhd

12/20/2020

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​1. Tell our readers a bit about your company.
​
Rödl & Partner is an integrated professional services firm with 109 wholly-owned locations in 49 countries globally. Set up in 1977 in Nuremberg, Germany with significant and continuous growth through the setup of own office to provide interlinked multi-disciplinary and cross-border collaboration rather than relying on a franchise network. We are not a collection of accountants, auditors, lawyers, management, and tax consultants working in parallel. We work together, closely interlinked across all service lines.

Rödl & Partner has been present in the Asia Pacific region since 1994. Our team of more than 200 experienced local and European professionals offers a wide range of services from compliance, international tax planning, and optimisation of regional holding structures, to corporate and legal services, audit, accounting, payroll, and outsourcing services.

Our clients benefit from our local experience combined with the high standards and expert knowledge of an international organisation. We combine international know-how and standards with local experience and expertise. Experts from all over the world are working closely together to achieve the highest standard and you benefit from their experience wherever your project takes place.
​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.

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Meet Our Members: Chrystal Saw, CEO of CRIF OMESTI

11/23/2020

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1. Can you give our readers a background of your company?
CRIF is a global company specializing in credit bureau and business information, outsourcing and processing services, and credit solutions. Established in 1988 in Bologna (Italy), CRIF operates in four continents and supports its clients in their everyday financial journeys, through trusted information, advanced cutting-edge solutions, and unique expert knowledge. We are present in more than 30 countries with 5000 employees globally.
​

Services that we provide are business and company information report with global coverage, scorecards, and risk management solutions to streamline credit management processes for banks and corporations, covering both customer and supplier evaluations.

2. Why did your company choose Malaysia as an investment destination? 
CRIF started its expansion plan in Asia 15 years ago, and over the following years, CRIF clients have increasingly relied on CRIF services in Asia. To be the ideal partner to our clients, we decided to strengthen our presence in Asia to serve them better. We observed a high amount of diversity in data collection and processing practices across the ASEAN countries, for example, many of these countries still maintain manual processes in their operations today.

Within its Asia expansion plan, Malaysia is a strategic market for CRIF. Thanks to its culturally diverse workforce, robust infrastructure development, and strategic location in the ASEAN region, it has been able to attract investors and foreign companies across all sectors willing to set up their hubs in the country.


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Meet our Members: Vincent Chan and Datin Shelina Razaly Wahi, Partners of Abdullah Chan & Co

10/28/2020

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1. Please give us some background on Abdullah Chan & Co
Abdullah Chan & Co was established in 2008 as a corporate and M&A law firm, and is located in the central business district of Malaysia’s capital city, Kuala Lumpur.
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​The firm is recognized as an award-winning firm in major legal publications such as The Asia Pacific Legal 500, Chambers Asia Pacific and Asian Legal Business. Each piece of work is handled by a team of lawyers of the appropriate experience and seniority to ensure that the firm’s services are delivered in a timely, consistent and cost-effective manner. The firm prides itself in its ability to work with its clients and to be able to provide strategic and relevant legal solutions.

There are many other factors that set Abdullah Chan & Co apart from other law firms. The firm is a member of various business and industry chambers and associations in Malaysia which gives the firm unique insights into the factors that influence and impact the different business environments and operating conditions. Such memberships have also helped the firm to better understand the key factors that drive business decisions, particularly in the foreign investment community in Malaysia.


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Job Opportunity at SMI Asia Services Sdn Bhd

10/27/2020

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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:
  • The candidate must be able to speak: English, Italian and Mandarin Chinese.
  • The successful candidate must have at least 3 years experience in similar industry or prior experience working for an International logistics company.
  • The contract will be Malaysian.
  • The position is open to Malaysian and foreign nationals.
  • SOCSO and EPF will not be provided to foreign nationals.
  • The company will provide a private medical insurance.

Interested candidates can send their Curriculum Vitae to: davidedanna@smigroup.net

To know more about SMI group, click here to visit their website. 
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Job Vacancy at The Italian Trade Agency

9/8/2020

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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:
  • Diploma in any field or equivalent;
  • Good command of English. Proficiency in Bahasa Malaysia and knowledge of the Italian language is an added advantage;
  • Proficient in MS Word and Excel;
  • Pleasant disposition with good communication/telephone skills;
  • Must be Malaysian citizen or hold a valid working permit in Malaysia;
  • Able to work with minimum supervision;

Benefits Overview:
  • 5-day week
  • Salary range from RM2,000 onwards

Employer:
ITALIAN TRADE AGENCY
Trade Promotion Office of the Italian Embassy
Level 14, UOA Centre, Jalan Pinang
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IMBA Committee for the year 2020 - 2021

9/8/2020

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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.

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Luciano Pezzotta re-elected as Deputy Chair of EU-Malaysia Chamber of Commerce and Industry (EuroCham)

8/10/2020

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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
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Visit to Fassi Asia Pacific in Nilai, Negeri Sembilan with MIDA

8/10/2020

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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.
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Tribuna Economica Giornale di Economia Finanza with Italian Ambassador - H.E. Cristiano Maggipinto, CEO of MIDA - Dato Azman Mahmud, and the CEO of Fassi Asia Pacific and IMBA Honorary President, Mr. Michele Dossi.

7/12/2020

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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.
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CRIF Omesti Malaysia Sdn. Bhd.

7/9/2020

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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
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IMBA is officially a member of Assocamerestero,  the Association of the Italian Chambers of Commerce Abroad.

7/9/2020

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​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.
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Guidelines for Expatriate, Employment Pass and Talent Pass Holder Entering Malaysia

6/16/2020

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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
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Incentives to Encourage Foreign Manufacturing Companies to Relocate to Malaysia

6/16/2020

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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)
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RESTART, the Malaysian Short-Term Economic Recovery Plan

5/7/2020

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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.
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Thank You for Donating to the IMBA x MERCY Malaysia COVID-19 Pandemic Fund

5/5/2020

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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
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CMCO SOP Compliance

5/5/2020

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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
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Special Announcement by Prime Minister of Malaysia on 1st May

5/5/2020

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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
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Download Prime Ministers Speech :
English version (unofficial) : https://bit.ly/35pxM9o
Bahasa version : https://bit.ly/35rCLWX
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Webinar : Italian Institutions and Companies in Malaysia faced with the Covid-19 Pandemic

5/5/2020

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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.
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Feel free to reach to us via email at info@imba.org.my.
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Companies with Approval allowed to Increase their Workforce Capacity

5/5/2020

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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.
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MCO Extended from 14th April - 28th April

5/5/2020

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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.
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https://www.thestar.com.my/news/nation/2020/04/10/mco-extended-until-april-28-pm-announces
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IMBA x MERCY Malaysia : COVID-19 Pandemic Fund

5/5/2020

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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.
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Measures to Support Businesses and Individuals

5/5/2020

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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.
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The document can be downloaded here:
https://drive.google.com/file/d/1ULVN2crEZOnqWa5hk-ChamW1jdxud5qM/view?usp=sharing
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<<Previous
  • About IMBA
    • Articles of Association
    • Members
    • Members Committee
  • News
    • In Motion
  • Events
    • Upcoming events
    • Past Events
    • Events Photos
  • Our services
    • Useful Links
  • IMBA Card
  • Become a Member
    • Receive news and invites
  • Contact