Selangor Information Technology and Digital Economy Corporation (SIDEC) organised the Selangor Smart City and Digital Economy Convention (SDEC) 2022 between 6 October and 9 October 2022 with the theme, Sustainable Digitalisation Towards a Net Zero Future. EUROCHAM Malaysia’s CEO, Sven Schneider was invited to speak on a panel during the event on Green Investment and Financing on 7 October 2022.

Moderated by Frans-Anton Vermast (Strategy Advisor & International Smart City Ambassador, Amsterdam Smart City), it was an engaging session alongside Standard Chartered Saddiq Berhad’s Bilal Parvaiz (Executive Director and Head of Islamic Corporate - Commercial & Institutional Banking), Jacqueline Chang (Country Coordinator, Global Covenant of Mayor Asia) and Milly Lin (Senior Director, Far Eastone Telecommunications Co Ltd).

On behalf of Amari Kuala Lumpur, EUROCHAM Malaysia would like to share some exciting news to brighten your world!

A world of New Experiences awaits! 
Our doors are officially open! Amari Kuala Lumpur is located in Setia KL Eco City on Jalan Bangsar, the hotel offers unparalleled city experiences for today's pragmatic travelers. 
Directly connected to Abdullah Hukum LRT/KTM Station, with easy access to Kuala Lumpur City Centre (KLCC) as well as the many shopping and entertainment hubs within the city, Setia KL Eco City Mall is a 5-minute walk away, as are The Gardens Mall and Mid Valley Megamall – via a connected bridge walkway.
Our 252 guest rooms and suites are warm and bright, each one brimming with modern amenities, spacious workspaces, and floor-to-ceiling windows.

The Prime Minister of Malaysia, YAB Dato’ Sri Ismail Sabri bin Yaakob recently announced a special message in conjunction with the dissolution of the 14^th Parliament. The special message is as follows:

Assalamualaikum Warahmatullahi Wabarakatuh,

Greetings to the Malaysian Family.

1.            Alhamdulillah, let us express our gratitude to Allah SWT, owner of all blessings, because with His grace and permission, I AM able to deliver a special message on this blessed evening.

2.            First of all, let me express my gratitude for the abundant favor of His Majesty the Yang di-Pertuan Agong, Al Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta'in Billah, with the approval of all the Malay Kings, for my appointment as the 9th Prime Minister of Malaysia, in a very challenging country situation at that time.

3.            On this occasion, allow me to also express my deepest gratitude to the entire Malaysian Family for supporting and guiding me all this time, in fulfilling the trust and responsibility as Head of Government.

The Ministry of Finance of Malaysia has recently announced the Economic Outlook 2023. Economic Outlook 2023 is as follows:

- Chapter 1 Economic Management And Prospects

- Chapter 2 Macroeconomic Outlook

- Chapter 3 Monetary And Financial Developments

- Statistical Tables

- Organisation Of The Ministry Of Finance Malaysia

Budget 2023 has recently been announced, here are some of the key takeaways of Budget 2023:

• Malaysia's economy estimated to grow 6.5%-7% in 2022, and 4%-5% in 2023
• Fiscal deficit expected to shrink to 5.5% of GDP in 2023 from 5.8% of GDP in 2022
• Federal government revenue expected to drop 4.4% to RM272.57 billion in 2023, from a growth of 22.0% (RM285.22 billion) in 2022
• RM372.3 billion allocated under Budget 2023 — RM272.3 billion for operating expenditure, RM95 billion for development expenditure, RM5 billion for Covid-19 fund and RM2 billion for contingency savings
• Ministry of Finance is the biggest recipient of Budget 2023 allocation at RM67.2 billion, followed by Ministry of Education (RM55.6 billion), and Ministry of Health (RM36.1 billion); these three constitute 43.3% of total budget expenditure
• RM18.3 billion allocated to Ministry of Home Affairs (KDN)
• Ministry of Defence to get RM17.4 billion allocation
• From 2023, electricity bill subsidy of up to RM40 will be provided for households with income of RM1,169 and below, compared to the present RM980 and below
• 2% income tax cut for RM50,000 to RM100,000 income bracket, but 0.5% rise for RM250,000-RM400,000

2 DAYS TO GO!

EUROCHAM Malaysia together with the European Union is organising the upcoming EU-MY Circular Economy Conference 2.0 that is happening this month!

Date: Thursday, 13 October 2022

Time: 3 PM – 7 PM (+8 GMT)

Venue: IGEM, KL Convention Centre

Don’t miss out on this exciting and innovative experience – register today!