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EUROCHAM Malaysia’s Chairman, Mr. Oliver Roche had a video shoot together with the Malaysian Investment Development Authority (MIDA) on an upcoming engagement. Thank you to MIDA for providing EUROCHAM with this opportunity to share our message and outcomes with the business community. It was a great session, we look forward to more engagements with MIDA!

Congratulations to the Immigration Department of Malaysia, under the Ministry of Home Affairs (MOHA), on the launch of the Expatriate Service Division Satellite Centre (ESC) that happened today at the Kuala Lumpur International Airport (KLIA 1).

The launch of the ESC was officiated by YB Dato’ Seri Hamzah bin Zainudin, Minister of Home Affairs, and Dato’ Indera Khairul Dzaimee Daud, Director General of Immigration Department. 

The ESC is a service transformation facility for new expatriates who will be working in Malaysia. It is located at the Arrival Hall, Level 3 in KLIA 1. The launch commemorates the official operations of the ESC and will work at full force 24-hours a day to provide the ultimate service to support expatriates coming into Malaysia from all around the world.

Malaysia's October 2021 export value rose 25.5% year-on-year to a record high of RM114.4 billion in line with global economic recovery from the impact of Covid-19 pandemic-driven movement restrictions, according to the Department of Statistics Malaysia (DOSM) on Monday.

In a statement, the DOSM’s chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the country’s import value was higher by 27.9% at RM88.2 billion.

Mohd Uzir said the nation’s total trade expanded to RM202.6 billion from RM160.1 billion. "Trade surplus in October 2021, with a value of RM26.2 billion, marked the 18th consecutive month of trade surplus since May 2020,” he said.

"In accordance with the recovery in domestic economic activity, the month-on-month performance of exports, imports, total trade and trade surplus also [showed] positive growth, higher by 3.2%, 4.1%, 3.6% and 0.5%, respectively,” he said.

Between January and October 2021, Malaysia’s export value breached RM1 trillion in the first ten months of the year after expanding 25% from a year earlier, according to the DOSM’s statement.

The DOSM said the 10-month duration was the fastest period Malaysia’s export value breached the RM1 trillion mark.

Join us on Tuesday, December 7, 2021, at 3PM (+8 GMT) for our Advocacy Talks webinar with Deloitte on the topic of Budget 2022 and Immigration Issues.

It will be an in-depth look at the Malaysian Budget 2022 as the budget introduced some bold play to provide individuals and businesses with the necessary stimuli to bounce back and thrive post-pandemic while boosting tax collection for a more resilient and stronger nation.

Join us for an informative and beneficial session on the topic of Budget 2022 and Immigration Issues with:

i. Thin Siew Chi, Business Tax Executive Director, Deloitte Malaysia;

ii. Ang Weina, Global Employer Services Leader, Deloitte Malaysia;

iii. Senthuran Elalingam, Indirect Tax Executive Director, Deloitte Malaysia; and

iv. Tamas Adorjan, Transfer Pricing Associate Director, Deloitte Malaysia.