[MDBC] 8 Ways to Get More Out of Your Council Membership

There are many reasons to join the Malaysian Dutch Business Council (MDBC). There are networking opportunities, community involvement, and the trust that affiliation with our Business Council builds within the market. There are many additional benefits that you can receive from being an MDBC member, but sometimes, our members need extra support to get the maximum benefit out of this community. It’s easy to assume that by simply paying the annual membership dues, new business opportunities, potential joint ventures, and higher brand recognition will occur. In order to help you maximize your benefits and make the MDBC experience work for you, learn how to get the most out of your membership.

Please click on the link to see the document in full.

MDBC Whitelist Checklist

To ensure that you can receive all of our e – mails, please make sure that you whitelist our addresses and domain.  Need help doing that? We’ve put together a simple, easy to read whitelist checklist for you to follow.

[MDBC] Opportunities in the Malaysian ICT Sector for Dutch Business

In May 2021, the Malaysian Dutch Business Council with support of NLinBusiness presented the Market Study “Opportunities in the Malaysian ICT Sector for Dutch Business“, which mainly focused on 4 sub – sectors Big Data & AI, Cybersecurity, E – Commerce, and Cloud. 

There are also in – depth reports available:
– a presentation slide deck (50 pages)
– the full report including references (135 pages)

These reports also contain a guide to doing business in Malaysia.
Dutch companies and entrepreneurs who are interested in receiving these reports are invited to write to MDBC at , including personal and company details.

Please click on the link above for the executive summary with infographics.

MDBC Membership Satisfaction Survey 2023

Results from the MDBC Member Satisfaction Survey 2023. Feedback given by members on each section of the Membership satisfactions survey (MSS) contains both positive as well as constructive feedback. We thank you all for sharing you thoughts on how MDBC can continue to improve.

Please click on the link to see the infographic in full.

[MDEC] National e – Invoicing Initiative

The National e – Invoicing initiative aims to drive interoperable e – invoicing by digitalizing how businesses send invoices to other businesses, allowing different accounting software and Enterprise Resource Planning (ERP) systems to send and receive e – Invoices in a system – to – system manner.

Please click on the link to view the infographic in full.

[CMM] SEDG ESG Disclosure Guide

As part of the RBC Working Group meeting on 4 October, participants received a briefing on the SEDG Guide.  The SEDG is a guide to help your company decide what Environmental, Social and Governance (ESG) disclosures to track and report. It seeks to provide a simple and standard way for Malaysian SMEs in supply chains to disclose on ESG.

The SEDG covers indicators that can be tracked and disclosed to measure ESG progress, as well as provide for different levels of adoption. The guidance structure of the disclosures consists of most referenced topics in ESG disclosures. The Guide provides the metrics needed to track progression in each 15 topics and identifies 35 disclosures in selected standards that correlate to chosen disclosures. The SEDG also offers additional guidance to provide SMEs additional information to further guide on the requirements of the disclosure.

Please click on the links below to download the SEDG Guide and supporting documents:
* Simplified ESG Disclosure Guide
* SEDG Additional Guidance
* SEDG Disclosure Guidance 
* SEDG Template

[TMF Group] The Global Business Complexity Index 2023

Insights to cut through the complexity of operating and investing around the world.

Entering into new markets, or managing existing cross – border operations, can pose many challenges for businesses. This report helps you to cut through the layers of corporate compliance complexity, wherever you operate.  Based on exhaustive proprietary research and TMF’s analysis of over 22,000 data points, the Global Business Complexity Index provides an authoritative overview of the complexity of establishing and operating businesses around the world.

The analysis identifies key trends and sheds light on how business complexity affects three core areas of business administration:

• Accounting and tax
• Global entity management
• HR and payroll

Download the report to discover:

• Which jurisdictions rank as the most complex – or the simplest – based on their business environments.
• The impact of geopolitical and economic factors such as inflation and conflict on businesses’ growth and expansion plans.
• How global compliance requirements are evolving and the consequences for the attractiveness of jurisdictions around the world.
• The increasing importance of ESG considerations and how these are being incorporated into business practices.

Please click on the link to read the report in full.

[MIDA] First Half 2023 Investments Inflow into Malaysia to Generate Over 50,000 Jobs

Malaysia has attracted a total of RM132.6 billion (USD28.4 billion) worth of approved investments in the services, manufacturing and primary sectors involving 2,651 projects from January to June 2023 and is expected to create 51,853 job opportunities in the country. 

Singapore is the leading source of FDI with approved investments totaling RM13.7 billion (USD2.9 billion). The nation has also attracted quality investments from other countries, such as Japan (RM9.1 billion) (USD2.0 billion), The Netherlands (RM9.0 billion) (USD1.9 billion), the People’s Republic of China (PRC) (RM8.4 billion) (USD1.8 billion), and British Virgin Islands (RM7.1 billion) (USD1.5 billion).

Please click on the link to read the report in full.
Please click here to view the infographic.

[MDEC] Horizon: A Perspective of Malaysia’s Digital Economy

Horizon is a strategic digital economy publication aiming to showcase the vibrant growth trend in Malaysia’s digital economy, provide insight on trends and opportunities in Malaysia’s digital economy, and serve as the primary reference for both global and local stakeholders seeking reliable data, insights, and information on Malaysia’s digital landscape.

Please click on the link to read the report in full.

[Randstad] 2023 Market and Salary Report

Randstad, the world’s leading human resources solutions agency, has released the 2023 Job Market and Salary Trends Report to provide employers and job seekers with new talent insights and salary benchmarks in Malaysia.

The 2023 Job Market and Salary Trends report anticipates talent and skills developments in pinpointed industries:

Technology – Adopting a more prudent recruitment and workforce management approach, driving talent demand in cloud computing, cybersecurity, artificial intelligence, the Internet of Things (IoT), virtual reality (VR), and blockchain.

Manufacturing – Demand for technical and commercial talent continues as organizations push their I4.0 digital transformation forward, in automation, digitalization, and experiences.

Construction – Commercial property and infrastructure developments will create more high – value skilled jobs for the local workforce, which may be slowed down by the persistent skills gap.

Please click on the link to read the report in full.

EUROCHAM: CSO Roundtable Dialogue – Sustainability in Manufacturing

On 12 September, EUROCHAM organized the Chief Sustainability Officer (CSO) Roundtable Dialogue on Sustainability in Manufacturing.  The dialogue focused on three topics:
1. Renewable Energy;
2. Circularity in Manufacturing; and 
3. Hydrogen Economy.

Please click on the link above to view the full report.
Click here to read the CSO Roundtable Dialogue Feedback Survey.

National Industrial Masterplan (NIMP) 2030

The New Industrial Master Plan 2030 (NIMP 2030) aims to increase the manufacturing’s value – added by 6.5% to RM587.5 billion by 2030, derived from the master plan’s interventions for high – impact sectors, Prime Minister Datuk Seri Anwar Ibrahim said on 1 September.  The high – impact sectors include electrical and electronics (E&E), chemical, electric vehicle, aerospace, and pharmaceutical.

Click here to read / download the NIMP media release.
Click here to read / download the Prime Minister’s Speech on the NIMP 2030.
Click here to read / download the summary of the NIMP 2030.
Click here to read / download the NIMP 2030.

National Energy Transition Roadmap (NETR)

On 27 July 2023, the Malaysian government launched the National Energy Transition Roadmap (NETR) Phase 1 to accelerate Malaysia’s energy transition. NETR is critical in supporting:

• The Twelfth Malaysia Plan 2021 – 2025 which outlines aspirations for the nation to achieve net zero emissions by 2050;
• The National Energy Policy (DTN) launched in September 2022 with aspirations to become a low carbon nation in 2040.

NETR is also crucial in navigating the complexity of energy transition on a large scale, especially the shift from a traditional fossil fuel – based economy to a high – value green economy.

Please click on the link to read or download the report in full.

Amendments to Employment Act

Amendments to the Employment Act 1955 came into force on Jan 1, 2023.  Key amendments include the extension of maternity leave allocations from 60 days to 98 days, reduced weekly working hours from 48 to 45 hours, and a seven – day paternity leave for married male employees.

– News: Amendments to Employment Act comes into force Jan 1
– The official gazette: ACT A1651 EMPLOYMENT (AMENDMENT) ACT 2022
– Summary PDF: Employment Act (Amendment) 2022 (may be viewed below)

12th Malaysia Plan

The 12th Malaysia Plan has been announced by the government.

Click here to read the document in BM
Click here to read the document in English
Click here for the Executive Summary
Click here for the infographic / pamphlet
Click here for the PM’s speech in BM
Click here for the PM’s speech in English

For more information on the 12th Malaysia Plan, please visit rmke12.epu.gov.my/en

Malaysia’s Digital Economy Blueprint 2021

Prime Minister Tan Sri Muhyiddin Yassin has unveiled the country’s digital economy blueprint in a bid to catch up in the digitalisation race. The 10 year road map aims to transform Malaysia into a digitally driven, high income nation and a regional leader in the digital economy.

Click here to download the Digital Economy Blueprint in BM
Click here to download the Digital Economy Blueprint in English

Malaysia: Key Trade and Investment Figures 2019

Source: MIDA

Malaysia: Investment Performance 2019

Malaysia has been proactive during the Movement Control Order (MCO) in balancing public health and the livelihood of the people as well as strengthening the economic fundamentals by providing the necessary approval for companies in several economic sectors to operate, and are subject to strict adherence to health and safety guidelines.

“While the COVID – 19 pandemic has changed the global industrial system, MITI is committed to ensuring that Malaysia continues to be positioned as an investor – friendly location for long term growth of both foreign and domestic businesses. Foreign direct investment (FDI) is a long term capital flow. We trust that the existing foreign companies will continue to weather the storm and retain their investment in the country,” said YB Dato’ Seri Mohamed Azmin Ali, Senior Minister and Minister of International Trade and Industry (MITI), today.

Against the backdrop of a challenging external environment and declining global FDI inflows, Malaysia remains resilient and attracted a total of RM 207.9 billion of approved investments in the manufacturing, services and primary sectors in 2019, a 1.7% increase, compared to 2018. With a contribution of 60.4% (RM 125.5 billion), domestic direct investment (DDI) accounted for the bulk of the total approved investments. Although FDI made up for 39.6% (RM 82.4 billion) of the total, the value of FDI in 2019 had increased by 2.9% from the previous year.

Please click here for the full media release in English.
Please click here for the full media release in BM.

Please click here for the presentation slides.
Please click here for the full report.

Source: MIDA

Approved Investments by States

Source: MIDA

ZOOM Virtual Backgrounds MY I

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ZOOM Virtual Backgrounds MY II

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ZOOM Virtual Backgrounds MY III

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ZOOM Virtual Backgrounds NL I

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ZOOM Virtual Backgrounds NL II

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