News

http://iccmalaysia.org.my/wp-content/uploads/2022/11/314704996_496794912393717_3992774668051845155_n.mp4 With the goal of setting standards for sustainable trade, ICC published the Wave 1 Framework. The framework assesses both the environmental sustainability of a transaction, and how it supports socio-economically sustainable development. It is designed to advance two objectives: support business in meeting both the Paris Agreement objective of...

This ICC report provides a roadmap for policymakers looking to implement or improve carbon pricing mechanisms to reduce carbon emissions. It does so by outlining critical design features for carbon pricing mechanisms and presenting five case studies on key features in existing systems. What is carbon pricing and why is...

The COVID-19 pandemic has further underscored the importance of digital connectivity as well as market diversification through exports for SMEs to remain resilient. The following survey seeks to understand the barriers and exporting needs of SMEs in the region and examine the role that technology can play in enabling and...

ICC Malaysia is pleased to announce that ICC International has appointed Dr Veerinderjeet Singh as a new Vice Chair for the ICC Global Taxation Commission as of 1 June 2022. Dr Veerinderjeet Singh is the Chairman of Tricor Taxand Sdn Bhd and is a member of the Board of Directors...

At the 3rd AGM of ICC Malaysia held on 20 May 2022, Khoo Guan Huat (Skrine), Dr Veerinderjeet Singh (Tricor Taxand Sdn Bhd), Reshma Yousuf (CLLB Sdn Bhd) and Khalimah bt Haron (Malayan Banking Berhad) were elected as new Directors while Mr Michael Soo Chow Ming (Shook Lin & Bok)...

Introducing the Uniform Rules for Digital Trade Transactions (URDTT) The URDTT came into force on 1 October 2021, so are very much in their infancy. At the inception of the drafting process, the Drafting Group was given a strict mandate to develop a high-level framework outlining obligations, rules and standards for the...

The ICC 2022 Whistleblowing Guidelines make clear that there is no “one-size-fits-all” solution and that the Whistleblowing Management System must be made part of the cultural environment and the governance of the Enterprise. Providing practical guidance to help enterprises establish and implement a Whistleblowing Management System, the ICC 2022 Guidelines...

Trade finance does not work as well as it could, particularly for the millions of smaller businesses that help fuel the global economy. This joint report sets out a vision for improving the ecosystem for all players. The need to improve the $5.2 trillion global trade finance ecosystem—which facilitates the...