Dear Members and Business Associates,
MGCC is delighted to announce the next instalment of EUMCCI’s In Conversation Series – a panel discussion entitled “Is Malaysia still an attractive destination for Foreign Direct Investment?” This event features the Secretary General from the Ministry of Finance as a panelist to provide an insight on how the current FDI situation in Malaysia will impact your businesses.
The recent rulings of the Withholding Tax became effective on 17 January 2017. Despite the new legislation having been effective for over a month, it is felt that a large number of companies may be unaware of the ruling, its scope and implications. The repercussions to the business community may be greater than what is currently perceived. Below are some examples and business sectors that may be affected by the new ruling:
- The intercompany services that a Malaysian branch have to pay to a global business centre located abroad and part of the same company require the Malaysian branch to withhold 10% of the total owed to the foreign entity. This is likely to result in the foreign entity to be forced to increase intercompany charges to the Malaysian branch, which will be effectively hit by a 10% indirect taxation increase.
- Hotel management service and marketing services charges provided by a non-resident company to a local Hotel are now subject to withholding tax.
- The bank charges charged by a foreign bank to a Malaysian bank may be subject to withholding tax and any other type of similar financial service for that matter.
- The intermediary booking charges by any web/e-commerce type of service located abroad should be subject to withholding tax this may include transactions related to hotel booking, car rental, air tickets, etc.
- Reinsurance premiums paid to non-resident companies by local insurance companies.
- Fees paid by a resident company for intercompany R&D, design and similar services.
- Seconded personnel into Malaysia invoiced by non-resident partner company.
Join us for first-hand information on the topic and have your questions answered by the distinguished line-up of panelists.
HURRY! Please register your attendance by filling up below registration form and email to firstname.lastname@example.org before Monday, 27 February 2017.
Member price: RM215 (inclusive of GST)
Non-members and member’s guests: RM320 (inclusive of GST)
In view of the EU as the largest investor in Malaysia and Malaysia’s third largest trading partner, the EU-Malaysia Chamber of Commerce & Industry (‘EUMCCI’) is proud to host its annual flagship dialogue with the Malaysian government to address key issues of EU-Malaysia trade and investment.
- Director General, Malaysia Productivity Corporation (MPC) – Mohd Razali Hussain
- Chief Executive Officer, Strand Aerospace Malaysia – Naguib Mohd Nor
- Chief Financial Officer , Infineon Technologies – Thomas Zimmerle
It is with great pleasure that we append below details of our upcoming event :
We very much look forward to your participation in the event. Below is our registration form for your kind perusal.
Please do not hesitate to contact us should you require any further information or assistance.
We look forward to your favourable reply.
Thanks and Regards,
This event will discuss on how through Advocacy, the private sector can share essential parctitioner information and perspective can share essential information and perspectives with the Government on marketsin enhancing their business operating environment.
We hope that attendees of the event will take away with them the fact that advocacy generates open discussion of recommendations and facilitates better coordination of long term interets between the public and the private sector.
Non Members : RM270nett/pax
There has been a lot of buzz in the media lately about the gig economy. The Intuit 2020 report states that 34% of Americans are working independently in the gig economy and in the European Union, independent workers are the fastest growing group in the labour market.
Closer to home, Malaysia’s Employees Provident Fund (EPF) reported that Malaysia’s gig economy, also known as the open-talent economy, has grown 31% this year, surpassing the traditional workforce.
“In Conversation With” will discover the latest trends of the gig economy in Malaysia’s metropolitan areas, what aspects of the gig economy matter to your business and what strategic shifts your company should consider. This forum will also discuss if Malaysia’s current workforce is ready to make room for such new trends while highlighting risks and opportunities for both employers and employees.
|Tunku Alizakri Raja Muhammad Alias
Deputy CEO (Strategy Department),
Employees Provident Fund (EPF)
|Datuk Shamsuddin Bardan
Malaysian Employers Federation (MEF)
|Mr. Chen Chow Yeoh
|Mr. Sam Haggag
EUMCCI Members: RM200
Non Members: RM300
* Price is inclusive of buffet lunch
THE ROLE OF CYBER SECURITY IN SECURING INNOVATION IN PAVING THE WAY FOR INDUSTRY 4.0
As Industry 4.0 utilises cyber physical systems, are cyber security risk issues properly addressed and what are the steps taken to eliminate cyber-crime? Improved cyber security imperative not only good for the government but also good for business. It is a definite necessity to maintain trust and confidence in Malaysia’s online security to attract businesses and foreign investors.
In this talk, YB Minister will share with us on the importance to protect the security of Malaysia’s ICT infrastructure to ensure that all Malaysians and foreign investors can be confident that the Government is indeed doing all it can to protect the country from cyber threats or cybercrimes. Also, we will be hearing on the development of cyber security industry which will allow Malaysia to be competitive, move from a technology consumer to a technology producer, as well as creating job opportunities.
As Malaysia sets its sight to fulfilling its high-income nation agenda by 2020, the increase in transportation connectivity has become a key priority with new lines being mapped out and new projects being constructed for its dynamic urban environment. These very well include some high-profile projects that will dramatically alter the landscape of travel, such as the Mass Rapid Transit lines, Double-Tracking Railway, and not least being the KL-SG High Speed Rail. As the nation’s most prolific and largest mobility undertaking across 2 countries, the High Speed Rail involves cross-border operations to be unified by a single standard signaling system. All over Europe, in countries namely Italy, Spain, Belgium, Netherlands, Germany, Switzerland, and France where High Speed Railways are present, open European technology systems like the European Railway Traffic Management System (ERTMS) has been a widely-accepted standard of excellence deployed for its ability to enhance complex, cross-border train operations and in digitalizing services. Such is the advent of digitalization which has been instrumental to enabling smart solutions that cater to increasing passengers demand for efficiency, safety and comfort, a growing population, and in keeping up with changing transportation times that call for cost-effective control and monitoring of operations.
EUMCCI, is pleased to host this “In Conversation With” event, featuring a lineup of distinguished panelists and experts who will be able to present and provide greater insights into digital solutions for our transportation sector, and what makes a future-proof rail landscape:
Speakers and Panelists
- En Mohd Azharuddin Mat Sah
CEO, Land Public Transport Commission (SPAD), Malaysia
- Mr Tham Kok Yong
Chief Technical Officer, SG HSR
- Mr Alan Chan Heng Loon
Chairman, Land Transport Authority, Singapore
- Pn Masnizam Hisham
President & CEO, Prasarana
- Dato Zailani Safari,
CEO, Technology Depository Agency