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6th Issue - August 2018

IMBA launches The Italian Emporium on Lazada

The Italian Emporium is a unique online platform conceived and managed by IMBA, the Italy Malaysia Business Association, with the support of the Italian Trade Agency (ITA) in Kuala Lumpur, which provides sellers an opportunity to feature their Made in Italy products on the largest online platform in South-east Asia to reach millions of customers.

The Italian Emporium will initially reach customers in Malaysia and Singapore and within 2019 it will expand to the whole ASEAN, one of the highest growth regions in the world. The Italian Emporium will be supported by online and offline awareness and activation campaigns and dedicated business services to facilitate the on boarding of the sellers, the management of their inventory and the sale and fulfillment processes.

More than 100 guests, between interested vendors and government agencies, were present at the event and many of them already registered their interest in being part of The Italian Emporium.

Also present were H.E. Cristiano Maggipinto, Ambassador of Italy to Malaysia, Hew Wee Choong, VP Investment & Industry Development of MDEC, Christophe Lejeune, CEO of Lazada Malaysia and Dr. Samuele Porsia, the Italian Trade Commissioner, who all gave a few words in support of this initiative.

The first vendors will soon be online and ready to sell their goods through The Italian Emporium. The initiative is open to all distributors of authentic Italian products in the fashion, food & beverage, health & beauty and home & living categories. For further information, interested parties can contact us at theitalianemporium@imba.org.my

IMBA to showcase Italian foods at the Selangor International Expo 2018

Thanks to its partnership with Invest Selangor, IMBA secured an exhibition space at the Selangor International Expo 2018, taking place on 6-9 September 2018 at MITEC, Kuala Lumpur.

Back for its fourth edition, Selangor International Expo 2018 is a F&B trade specific expo which will feature industry players within the F&B industry in ASEAN. Exhibitors will tap to its unique offerings such as the business matching programme and hosted buyers programme to connect with top F&B brands within the region. In 2017, more than 22,000 visitors and 700 exhibitors were present at the Expo.

IMBA will partner with selected Malaysian importers and distributors to showcase some of the best Italian food products available in Malaysia. Visitors are welcome to visit us at booths 216 and 217.

For more information on the Expo, click here.

If you are an importer and/or distributor of Italian food products and you are interested in exhibiting with us, please send an email to secgen@imba.org.my.
IMBA Update: Seminar on SST and Networking Dinner @ Traders Hotel - 19 September 2018

IMBA Members and Friends are invited to join the IMBA Update & Networking on 19 September 2018, from 6pm, at Traders Hotel, Kuala Lumpur.

Our Corporate Member Rabindra Singh Veriah, Managing Partner of Rabin & Associates Chartered Accountants, will conduct a seminar on the new Sales & Service Tax, which will come into effect starting from September 1st.

The seminar will be followed by an exclusive networking dinner at the award winning SkyBar Kuala Lumpur, featuring an Italian buffet including Antipasti, Pasta & Risotto stations, Carving stations, Italian Desserts and two drinks (soft drink, wine, beer).

This event is limited to 20 participants and it's free for IMBA Members who confirm their participation by Friday, 14 September 2018 and RM100 for Non Members.

Register now to secure your participation:
E-mail: events@imba.org.my
Contact: Vivian +603 2164 9931
Venue: Traders Hotel Kuala Lumpur
The Italian Trade Agency (ITA) in Kuala Lumpur will sponsor 4 local organizations to participate in the Maker Faire Rome 2018

Maker Faire Rome is the event where you can experience the digital revolution that is changing the way we produce and the way we live. It is the place for companies and innovators who use the new digital culture as a tool to challenge the market. It is the fair where you can experiment the future that awaits us but in an easy, accessible way.

Maker Faire Rome will be held in Rome from 12 to 14 October and ITA is looking for 4 local organizations to participate in the event. Investors, business angels, incubators, innovative start-ups and innovation oriented companies are all eligible. For more information, please email to kualalumpur@ice.it
Malaysian Parliament passes the Service Tax Bill 2018
 
On August 8th, the Service Tax Bill 2018 was approved by Dewan Rakyat, Malaysia Lower House of Parliament. The new Service Tax will enforce a 6% tax on all service providers with an annual revenue threshold of RM500,000 and above. Special consideration will be given to certain businesses such as restaurants, hotels and healthcare.

According to the Finance Minister, Lim Guan Eng, only 43% of the basket of services will be charged the service tax at 6%.

 

Unlocking e-commerce potential in ASEAN
 
On August 8th, YB Darell Leiking, the Malaysian Minister of International Trade and Industry, chaired a Business Forum with the theme "Unlocking e-commerce Potentials in ASEAN”. The aim is to promote greater awareness of e-commerce and inspire businesses to explore opportunities in the sector.

While e-commerce is still in a development stage in Asia, it offers tremendous opportunities for B2B and B2C. In Malaysia, digital economy currently contributes to 18% of the national GDP and it's expected to rise to 20% by 2020.

Read More
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: Enrico Giuntelli, IMBA Secretary General
Executive Editors: Bruno Bertella, IMBA President; Luciano Pezzotta, IMBA Executive Committee Member; 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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