micci - the premier advocate for the malaysian … engagement in corporate ethics development and...
TRANSCRIPT
Berita MICCI highlights the latest initiatives and advocacy undertaken by the Chamber and its Councils on behalf of MICCI Members.
MICCI has long been a staunch supporter of ethical standards in business. As one the first corporate members of Transparency International Malaysia, MICCI developed and promoted a Code of Conduct (VIGOUR) for adoption by its Members who did not already have an established code.
As a founder member of the National Chamber of Commerce and Industry Malaysia (NCCIM), MICCI has also signed the Malaysian Corporate Integrity Pledge and promotes its adoption among our approximately 1000 corporate members.
However, the Chamber has sought ways and means of moving from a passive supporter of anti-corruption towards a more proactive engagement in corporate ethics development and corporate compliance.
To this end, the MICCI inaugural National Corporate Ethics Award was launched on 28 January 2015 by the Chief Commissioner of the Malaysian Anti-Corruption Commission (MACC), Tan Sri Abu Kassim Mohamed.
Deputy Commissioner (Prevention), Datuk Hj. Mustafar Bin Hj. Ali who represented the Chief Commissioner urged companies from all over Malaysia to show commitment and gain more credibility, recognition and business opportunities by participating in the award.
continued…
BERITAEdition 1/2015 30 Jan 2015
MICCI C-8-8, Plaza Mont‘ Kiara,
No.2 Jalan Kiara, 50480 Kuala Lumpur
tel: 03-6201 7708 fax: 03-6201 7705
http://www.micci.com
MICCI - The Premier Advocate for the Malaysian Business Community
CONTENTS PAGE
MICCI Launches the National Corporate Ethics Award (NCEA) 2015
1-2
Investors’ Confidence Remain Bullish Amidst Greater Challenges
2
Electricity Tariff: Educating the Industry 3
MICCI Engages CID Director, Bukit Aman
3
Contacts & Links 4
1
MICCI Launches the National Corporate Ethics Award (NCEA) 2015
From left: Stewart Forbes (MICCI, Executive Director), Simon Whitelaw (MICCI, President), Datuk Hj. Mustafar (Deputy
Commissioner, MACC), Bill Lisle (NCEA Chairman), and Jagdeep Kairon (Managing Director, Ethical Alliance)
at the launch of the NCEA 2015
“I am very pleased with MICCI’s initiative to assist the private sector to demonstrate their commitment to ethics and compliance and be recognised as an exemplary organisation committed to ethical business, corporate governance, and anti-corruption”.
Datuk Hj. Mustafar Bin Hj. Ali Deputy Commissioner, MACC
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The NCEA 2015 is a private sector led initiative designed to identify companies who can serve as role models for others to follow, while stimulating a proactive anti-bribery role and ethics in the private sector.
This is alongside demonstrating Malaysia's commitment as a leader in ethical business. It is also the first time the award is being held and the inaugural winners will be announced in September 2015. About 60 companies are expected to participate in the first award cycle. Participation is divided into large enterprises and SME categories.
More information on the Award will be available by 16 February 2015. CLICK HERE to register your interest in the NCEA.
For further information please contact Kavitha Muthiah at [email protected].
Investors’ Confidence Remain Bullish Amidst Greater Challenges
More than 50% of the companies surveyed by MICCI’s recent Investment Survey 2015 expressed their plans to expand business operations through new investment in the next 5 years.
Investors’ confidence is a key to economic growth. Malaysia has performed well in providing excellent investment and policy framework to support business development and ease in doing business. However, more should be done to enhance good business ethics as well as government efficiency.
About 43% indicated poor anti-corruption policies in Malaysia while many urged for tighter security enforcement and the need for a crime-free living environment.
A glaring set back is the lack of skilled workers in Malaysia. A total of 62% indicated that there is severe shortage of skilled workers in Malaysia while a fair number of companies were not that pleased on the productivity levels of their workforce in general.
It is going to be a challenging year ahead for Malaysia. Recent trends have seen Malaysia’s trade surplus narrowed as imports outpaced exports. Trade surplus narrowed to RM1.2 billion in October 2014 significantly lower from RM8.23 billion a year earlier, as imports surged 9.1% and exports declined 3.1%.
Growth strategies will be further accelerated, including revamping the entire export ecosystem as well as boosting trade with China and exploring more opportunities of the enlarged ASEAN market.
MICCI continues to advocate for more proactive measures in mitigating short-term risks towards achieving a sustainable economy together with the various efforts of the National Export Council (NEC) and MATRADE.
For further information please contact Wong Hin Wei at [email protected].
for your further information we recommend…(click title to download)
1. ITC: 50 Years of Unlocking SME Competitiveness [4.6MB]
2. Deloitte: The ABC of AEC [2.1MB]
3. EIU: Female Consumers in Asia [1.5MB]
4. WB: Doing Business 2015 [6.6MB]
5. WEF: The Global Risk Report [3.2MB]
6. ILO: Global Wage Report [9.4MB]
“Coupled with efficient infrastructure and customs facilitation, we should strive to be the top investment destination in Asia”
Tay Beng Chai Vice President, MICCI
If we are to improve the overall ethical environment for business in Malaysia we need not only to catch the offenders but also demonstrate that ethical business can also be good business and highly successful companies can also, be highly ethical companies having nothing to do with corrupt practices.
Simon Whitelaw President, MICCI
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Electricity Tariff: Educating the Industry
MICCI in collaboration with Tenaga Nasional Berhad (TNB) held a knowledge sharing session with regards to the fairly new electricity tariff that came into effect on 1 January 2014.
Over 40 members attended the session organised in conjunction with the Chamber's Natural Resources and Environment Council meeting. The TNB delegation was led by Ismail bin Hj Abd. Rahman, Senior General Manager, Regulatory Economics Department.
The tariff was put in place in line with the Government’s aspiration towards gradually phasing out energy subsidies through the Subsidy Rationalisation Programme. The new tariff's methodology is based on the economic regulatory framework called the Incentive Based Regulation (IBR).
In parallel with the implementation of IBR, the Government also introduced the Imbalance Cost Pass Through (ICPT) for the power sector. Under the ICPT, fuel cost will be reviewed every six (6) months and any changes (upward or downward) due to fluctuation in prices (namely gas, LNG, coal and alternative fuel) will be passed through the end-user tariff.
The tariff structure aims to address greater transparency maintaining a reliable and sustainable electricity supply. TNB will continue to work hand-in-hand with MICCI in engaging with MICCI Members for the betterment of the industry.
More information on the tariff can be DOWNLOADED HERE.
For further information please contact Ilyani Yusof at [email protected].
Rajan Mittal presenting a token of appreciation to Datuk Seri Mohmad Salleh
MICCI's Joint Action Security Council (JASCO) led by its Chairman, Rajan Mittal recently met with the Criminal Investigation Department (CID) Director of Police, Bukit Aman, Datuk Seri Mohmad Salleh and his team.
MICCI and the Royal Malaysian Police (RMP) have enjoyed mutual cooperation over the last 15 years having accomplished many productive initiatives in relation to commercial crime.
The Council took the opportunity to raise a number of concerns that drew the following responses from the police:
Hot spots of lorry hijacks transporting palm oil Patrolling hot spot areas were being practised however, due to the lack of manpower, the department is unable to increase the patrols.
Robbery of cigarette vans involving employees of the distributors When the distributor withdraws a report based on circumstances that the employee agrees to settle the loss, it does not discourage the perpetrator from repeating the offence. Nonetheless, the police will submit a final report to the Attorney General for a final decision on whether to charge the perpetrator or not.
One-stop Call Centre Application MyDistress application has been deactivated following the introduction of SaveMe999 which will be launched soon.
Prevention of Crime Act (PoCA) A number of arrest have been carried out under the PoCA and the police believe that the Act has been very effective in preventing serious crimes.
Lengthy application process for Police Security Vetting Presently, it takes a minimum of 3 months response time for security vetting. This is because, each application will need to pass several stages within the police department and then submitted to the Ministry of Home Affairs before the final report can be released.
Lack of cooperation from lower ranked officers The police have established the Department of Integrity and Standard Compliance to monitor the behaviour of police personnel and stern action will be taken towards irresponsible officers.
Datuk Seri Mohmad encouraged the industry to collaborate with the Police Crime Prevention Department in educating and advocating the importance of fighting crime. The meeting concluded with both parties agreeing to meet again in the second half of 2015.
For further information please contact Ilyani Yusof at [email protected].
MICCI Engages CID Director, Bukit Aman
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MICCI Councils & Focus GroupsEconomic Policy & Taxation Council Chair: Kang Beng Hoe (Taxand Malaysia Sdn Bhd) PIC: Wong Hin Wei ([email protected])
Trade & Investment Council Chair: Tay Beng Chai (Tay & Partners) PIC: Wong Hin Wei ([email protected])
Services (CSIM) Council Chair: Ken Pushpanathan (MICPA) PIC: Wong Hin Wei ([email protected])
Natural Resources & Environment Council Chair: Dato’ Kok Wee Kiat (Bata (Malaysia) Sdn Bhd) PIC: Ilyani Yusof ([email protected])
Joint Action Security Council (JASCO) Chair: Rajan Mittal (Metrod Malaysia Sdn Bhd) PIC: Ilyani Yusof ([email protected])
Legal & IP Council Chair: Linda Wang (Zaid Ibrahim & Co) PIC: Ilyani Yusof ([email protected])
Ethics Council Chair: Rajan Mittal (Metrod Malaysia Sdn Bhd) PIC: Ilyani Yusof ([email protected])
Logistics & Infrastructure Council Chair: Chris Thiagarajah (SkyBus Ventures Sdn Bhd) PIC: Chitra Devi ([email protected])
Human Capital Council Chairs: Dato’ Kamil Noor Arif (KASK Holdings Sdn Bhd) & Lokman Baharuddin (ExxonMobil Subsidiaries in Malaysia) PIC: Chitra Devi ([email protected])
Domestic Affairs Council Chair: Amnah Shaari (Beyond Corporate House Sdn Bhd) PIC: Chitra Devi ([email protected]) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Trade Facilitation Focus Group Chair: Raja Kumaran (PricewaterhouseCoopers) PIC: Wong Hin Wei ([email protected])
Education Focus Group Chair: Tina Yeung (The University of Sheffield) PIC: Chitra Devi ([email protected])
Tourism Focus Group Chair: Jenny Shabudin (Travcheq Travel Sdn Bhd) PIC: Ilyani Yusof ([email protected])
Headquarters (KL, Selangor & N. Sembilan) Stewart Forbes Executive Director tel: 03-6201 7708 email: [email protected]
Penang & The North Priscilla Dawson Branch Executive tel: 04-227 0589 email: [email protected]
Perak Subasini Uthra Branch Executive tel: 05-253 2233 email: [email protected]
Johor Nicole Struys Branch Executive tel: 07-221 2358 email: [email protected]
East Coast (Administrated by MICCI HQ) Marriot Low Assistant Manager tel: 03-6201 7708 email: [email protected]
Malacca (Administrated by MICCI HQ) Marriot Low Assistant Manager tel: 03-6201 7708 email: [email protected]
Sabah Stella Liew Branch Executive tel: 088-248 332 email: [email protected]
Associate Chamber Datuk Abang Hj Abdul Karim, President Sarawak Chamber of Commerce & Industry (SCCI) tel: 082-237 148 email: [email protected]
MICCI Contacts