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2nd Issue - April 2018

IMBA Annual General Meeting to elect the new Committee Board next Wednesday, April 25th

Bruno Bertella, IMBA President, and Luciano Pezzotta, IMBA Secretary General, during the 2017 AGM Dinner
Next Wednesday, April 25th, the Annual General Meeting of IMBA will take place at Marini’s on 57, Kuala Lumpur. This date represents an important step for the future of our Association, as it will lay the foundations that will allow us to be recognized as a Chamber of Commerce next year. To follow up on our President Mr. Bruno Bertella words, from the opening article of In Motion March Issue, I’m proud of the success and the achievements reached by IMBA in the past two years.

We started in 2016 by creating an initial member base, activating our communication channels and launching social events, while strengthening our collaboration with the Italian Trade Agency. In 2017 we cemented our position by hiring a full-time employee, launching institutional networking events with the Malaysian Government and kick-starting our collaboration with the EU-Malaysia Chamber of Commerce and Industry.

Now, entering IMBA third year of operations, we hired a second full-time employee, we launched the one-stop-business-service centre and we started collaborating with several other organizations, such as Invest Selangor for the Selangor International Business Summit 2018.

As the relinquishing Secretary General, I will present a detailed report on IMBA past activities during the AGM, after which I’ll leave the word to the new candidate Presidents, who will present their electoral lists and the programme for the years 2018-2019.

Furthermore, we will present several modifications to the Rules of IMBA, which will make us adhere to the guidelines of Assocamerestero (the Association of the Italian Chambers of Commerce abroad) and I will relinquish my position to leave the place to a full-time Secretary General that will manage the operations on a daily basis, two fundamental steps for IMBA to be recognized as a Chamber of Commerce.

This is the most important day of the year for IMBA and the presence of all our Members is greatly appreciated. The AGM will start at 5.30 pm and it will be followed, at 7 pm, by an International Networking Dinner open to non-Members as well. If you wish to know more about the Dinner and RSVP, please click here.

I’m looking forward to seeing you all on the 25th.

Yours sincerely,

Luciano Pezzotta
IMBA Secretary General
Malaysia to become the regional e-Commerce and logistics Hub through the DFTZ in partnership with Alibaba

Last November, at KLIA (Kuala Lumpur International Airport), Malaysian Prime Minister Najib Razak and Alibaba Group Founder and Executive Chairman Jack Ma officially launched the DFTZ (Digital Free Trade Zone), a joint venture led by the Chinese e-Commerce giant and MDEC (Malaysia Digital Ecomony Corporation), with the support of several other organizations, such as POS Malaysia, Malaysia Airports Holding Berhad, Maybank, CIMB and Catcha Group. The initiative aims at positioning Malaysia as the next e-commerce and logistics Hub for South-east Asia, a region boasting a young population of more than 600 million consumers and a GDP growing at an average of 5.3% per year.


The idea of the DFTZ originated from the need for the Malaysian Government to enable Malaysian SMEs to approach the global markets. However, it is also a great opportunity for Malaysia of becoming the access point for Multinational Corporations for digital distribution not only in South-east Asia but in the whole Asia-pacific.

In fact, the first target market of the DFTZ is China, through Alibaba.com and the other online platforms of the same group, such as Taobao, Tmall and 1688. The objective is to simplify the international trade and logistic processes to increase exports and attract foreign investments, exploiting the recent e-commerce boom. Indeed, e-commerce in South-east Asia is showing the highest growth in the world, 32% per year, and it is expected to reach a value of 30 billion dollars by 2021.
The DFTZ consist of an integrated system that will allow participating companies to easily register to Alibaba and sell through its websites. This system is composed of three platforms that will offer different services:
  • The eFulfilment Hub, located at KLIA Aeropolis DFTZ Park, consist of 60 acres of warehouses and clearing centres equipped with the most modern technologies.
 
  • The eServices platform will effectively manage cargo clearance and other processes needed for cross boarder trade, such as the selection of the freight forwarder, issuance of permits or foreign currency exchange.
 
  • The Satellite Services Hub instead will help businesses to connect with leading players who offer services like financing, last mile fulfilment, insurance and other services which are important in cross-border trade.
 
Due to a higher attractiveness of other markets, up until now the Italian presence in South-east Asia in particular in the FMCG sector, is still below its potential. The launch of the DFTZ offers a unique opportunity to access the entire region, a market which cannot be overlooked anymore.

This article was originally published in Italian on RISE Vol. 3, N.1 (March 2018), the Torino World Affairs Institute quarterly magazine on International relations and political economy of South-east Asia. You can find it here.
The first edition of the EU-Day Talent Roadshow - Career Fair taking place in 3 selected Malaysian Universities

Malaysia’s job market is growing fast as multinational companies take advantage of the country’s geographical location, multi-lingual capabilities and abundant pool of relatively young, skilled and educated workers to set up their manufacturing facilities and regional service centres. However, many companies in Malaysia – both foreign and local – have reported their difficulties with talent recruitment as well as retainment.




The EU-Day Talent Roadshow Career Fair 2018, organized by IMBA, EU-Malaysia Chamber of Commerce and Industry  and Malaysia-German Chamber of Commerce and Industry, will bring EU companies into direct contact with selected Universities in Malaysia and enable them to present themselves to University students with exhibition booths, presentation slots and direct one-to-one talks. On the other hand, Malaysian Students will gain the opportunity to get direct information about the company and apply directly for a job or an internship! This fair will take place at 3 universities, namely:
  • UNIVERSITI SAINS MALAYSIA (USM) - 11 April 2018, Penang
  • TAYLOR’S UNIVERSITY MALAYSIA - 17 April 2018, Kuala Lumpur
  • UNIVERSITY OF MALAYA (UM) - 26 April 2018, Kuala Lumpur
The EU companies participating to this initiatives come from different EU countries and different industries and include our Platinum Member STMicroelecronics, which is looking for new engineers following the recent expansion of their operations in Muar.
"Made in Italy" Defense Industry showcased at the DSA 2018 - Defense Services Asia, in Kuala Lumpur
 
On April 16th, 2018, the Malaysian Deputy Prime Minister and Ministry of Defence have officially launched the sixteenth edition of DSA –Defense Services Asia at Shangri-La Hotel Kuala Lumpur.

DSA represents the most important biyearly event in Southeast Asia and one of the world top five venues for the promotion of defense and security products and technologies. On show are land, sea and air equipment and technologies for electronic defense, for emergency rescue in case of conflicts, and training, simulation systems, and peripherals for enforcement and defense agencies. There are 1500 participating industries from 60 countries over a gross surface of over the 43,000-square metres of the newly opened Malaysian International Trade & Exhibition Centre (MITEC) in Kuala Lumpur.

Over 40,000 buyers are expected from 70 countries and in particular 350 official delegations, responsible for purchases from 45 countries will attend a dense conference programme and roundtables. 10 Defence Ministers from various countries have confirmed their attendance to the event.

The Italian Pavillon, organised by Italian Trade Agency (ITA) in Kuala Lumpur, in favour of aerospace and defence sectors, is an institutional area for the extraordinary promotion of the “Made in Italy”, which, spreading over about 120-square metres, will be able to accommodate the government key-purchase players for defense and the most important buyers. Moreover, the institutional area will provide a commercial platform for the participating industries that present their own products and technologies in dedicated booths. Furthermore, such institutional presence will be able to provide prime information about Italian products of the sector, based on AIAD data, which is the most representative association of the sector.

Eight companies have taken advantage of the opportunity offered by ITA – said Dr Samuele Porsia, the Italian Trade Commissioner in Kuala Lumpur – to join DSA 2018 and showcase their comprehensive range of products and services, varying from maritime electronic navigational systems to cybersecurity, from intelligence systems for enforcement agencies to technical clothing and military equipment to small caliber ammunitions, from self-defence and public security knives to maritime accessories, from specialised casing systems for extreme uses to carabiners and metal parts.” Also the big Italian conglomerates of the sector, such as Leonardo, Fincantieri, Beretta, Benelli, and Ferretti Security and Defence participated to DSA 2018, with their own expositive areas.

“The ITA office of Kuala Lumpur took charge of the whole organization of the Italian Pavillon - stated Dr Porsia – Providing a diverse and incisive media and communication activities to promote business meeting between government key-purchase players and the representative of the Italian companies showcasing their products and technologies at the Italian Pavillon”
Malaysia aerospace industry soaring to new heights

Malaysia aerospace industry has been benefitting from the greater affordability of air travel as well as the rise in e-commerce and logistics across the globe. This strategic industry has a wide potential in the country’s industrialisation and technological development programmes. Recognising this, the Government has put in several national strategies to drive the growth of the aerospace industry in Malaysia including the Eleventh Malaysia Plan (RMK-11), Entry Point Projects under the Economic Transformation Programme (ETP) and the Malaysian Aerospace Industry Blueprint 2030.

In the announcement of the investment performance for 2017, a total of 13 projects worth RM649.9 million were approved in the aerospace subsector. The approved projects will create 1,020 job positions. Meanwhile, exports of transport equipment totaled RM17.1 billion, of which the aerospace sub-sector exports made up more than half or RM8.5 billion. Imports of the aerospace components amounted to RM14.2 billion or 33.1% of total imports of transport equipment.

Malaysia has all the necessary ingredients to be a strong aerospace nation with world class infrastructure such as KLIA Aeropolis, Subang Aerotech Park, Serendah High Value Manufacturing Park, Senai Aerospace Park and Kulim Hi-Tech Park. Malaysia is also among the top three countries in Asia Pacific for maintenance, report and overhaul (MRO) services. The country remains as a competitive market due to its strategic location and accessibility to the region.

There are more than 200 aerospace companies comprising both international and local industry players. This include 66 companies involved in MRO activities, 33 companies in aeromanufacturing, 25 companies in education and training, and 11 companies in systems integration, as well as engineering and design. The Government welcomes more Original Equipment Manufacturers (OEMs) and Tier 1 aerospace companies to establish their presence in Malaysia and leverage on the existing local supply chain.

Italy has already established a strong position in the country and several key players in the sector, such as Leonardo-AgustaWestland, Vitrociset, and Enav chose to set up their regional HQ in Malaysia.

MDEC and MIDA to provide a structured approach for digital transformation to Malaysian companies through the DTAP

“The top challenges in digital readiness of Malaysian key industries are the lack of structured approach, unavailable or no prioritised budget, lack of digitally skilled workforce, and a perception that digital transformation is too fast paced and complex,” said Malaysia Digital Economy Corp (MDEC) CEO Datuk Yasmin Mahmood, who was speaking at the launch of the Digital Transformation Acceleration Programme (DTAP) on April 9th, 2018.

The DTAP, a strategic partnership initiative between Malaysian Investment Development Authority (MIDA) and MDEC in spearheading the nation’s digital agenda, will provide Malaysian companies a structured approach to digital transformation and will leverage on Digital Transformation Labs’ expertise to help businesses adopt emerging digital technologies.

The digital transformation impact on the economy is expected to significantly increase by RM400 billion by 2025. In 2016, the digital economy contribution to Malaysia’s gross domestic product (GDP) was 18.2%.

Read more about DTAP here.
TalentCorp Career Comback Programme Grant

With this initiative, employers who hire and retain Malaysian women who have been on career breaks, are eligible for grants up to RM100,000 per year. The aim is to encourage employers in Malaysia to adopt and implement policies that support gender diversity, in line with the government's target to increase female labour force participation rate in the country.

Click here to read the guidelines.
IMBA & ITA Events Calendar
Market Intelligence
Report
Click here to download the Calendar with all IMBA and ITA initiatives for the first semester of 2018.
Click here to download IMBA Market Intelligence Report, showcasing the latest investment opportunities from Italy.
Editor-in-Chief: Luciano Pezzotta, IMBA Secretary General
Chief Author: Enrico Giuntelli, IMBA Business Analyst
Executive Editors: Bruno Bertella, IMBA President; Samuele Porsia, ITA Trade Commissioner; Shakira Matridi, ITA Trade Analyst
For enquiries, contact us at in-motion@imba.org.my
Copyright © 2017 IMBA Italy Malaysia Business Association, All rights reserved. 
We send communications and invitations to participants of past events. 

Our mailing address is: 
IMBA Italy Malaysia Business Association
c/o ITA, Office Suite 19-14-1 & 3A, Level 14, UOA Centre, No. 19, Jalan Pinang, 50450
Kuala Lumpur, Federal Territory 50450
Malaysia
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IMBA Italy Malaysia Business Association · c/o ITA, Office Suite 19-14-1 & 3A, Level 14, UOA Centre, No. 19, Jalan Pinang, 50450 · Kuala Lumpur, Federal Territory 50450 · Malaysia

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