Luther Malaysia

As we reflect on an amazing year, we want to express our heartfelt gratitude to our clients, business partners, colleagues, and friends. Thank you for your trust, support, and collaboration. Wishing you and your loved ones joy this festive season and a prosperous start to the New Year!

𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐬 𝐚𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐨𝐧: 𝐓𝐡𝐞 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚 In an era of rising global rivalries, visible climate change impacts, and increasing #energy demands driven by population growth and technological advancement, access to stable and affordable energy has never been more crucial. For foreign investors, energy is therefore a decisive factor when assessing a potential market, and for good reason: energy costs directly impact production costs, while the availability of green energy is essential for achieving Net Zero goals. Beyond these considerations, investments in energy projects or the development of innovative energy-related technologies also present immense business opportunities. In this context, #Malaysia stands out. The country offers abundant reserves, energy security, a stable grid, competitive energy costs, and growing green technology capabilities. From an "energy safety" perspective, Malaysia provides the reliability businesses need, while its transition to renewable and clean energy sources supports #ESG objectives. Moreover, affordable energy helps keep production costs low. Coupled with its strategic location in the ASEAN region, Malaysia becomes a compelling choice: an affordable manufacturing hub with modern infrastructure and tariff-free access to Southeast Asia’s 700-million-strong market. This market is especially crucial during times of global tensions that complicate trade with other regions. At the moment, Malaysia is particularly focused on attracting more high-value investments from, inter alia, key players in AI, big data, electric vehicle and battery production, and the semiconductor industry. As these energy-intensive sectors require more clean energy, the government has introduced various incentives for renewable energy, energy efficiency, hydrogen, electric vehicles, and green buildings to drive investment and support growth in the energy sector. We have prepared a brief overview of where Malaysia stands in its energy transition, highlighting available incentives, recent initiatives, and legal changes, and why foreign investors should view it as a reliable investment destination in turbulent times - have a look. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Indonesia Luther Thailand Luther Vietnam Luther Myanmar Luther China Luther India Luther Luxembourg

The reform of Malaysia's data protection laws continues at full speed. The Personal Data Protection Commissioner has revealed that the first four of the previously announced seven new data protection guidelines and the revised Data Protection Standards will be released in early 2025. These guidelines and updated standards will specify the new and amended provisions of the Personal Data Protection Act 2010 and set out the details of the enhanced compliance requirements. The remaining three guidelines will be released in Q3 of 2025. Join our seminar, co-hosted by Italcham Malaysia - Italian Chamber of Commerce in Malaysia on 28 November 2024, to learn more about the reform, what is already known about the new guidelines, and what steps should be taken now to prepare for the substantial reform and to remain compliant. Scan the QR code below to register. #dataprotection #PDPA Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Indonesia Luther Vietnam Luther Myanmar Luther Luxembourg

The #ASEAN member states represent one of the most dynamic economic regions in the world, offering immense potential even in challenging times. In particular, the region's #automotive industry offers promising investment opportunities due to the region's steady economic development and growth, a strong focus on next-generation vehicles and new technologies, supportive government policies and the rapidly growing demand for vehicles from ASEAN's burgeoning population. Get an overview of the automotive landscape in #Indonesia, #Malaysia, #Thailand and #Vietnam by reading our latest publication. Building on our strong presence in the region, we have worked with our colleagues in Bangkok, Ho Chi Minh City and Jakarta to provide a comprehensive overview of the industry. Take a look to learn more about ASEAN's thriving automotive industry. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Indonesia Luther Vietnam Luther Myanmar Luther Luxembourg

To our valued clients, friends, and colleagues, we wish you and your loved ones a joyous Deepavali filled with light, prosperity, and togetherness.

On 18 October 2024, the Prime Minister of #Malaysia unveiled the country's Budget for 2025, which seeks to build upon previous budgets and continue the country's ongoing economic transformation. For the second year in a row, the government has announced the largest budget in the country's history with a substantial allocation of MYR 421 billion for 2025. Under the overarching theme of "Reinvigorating the Economy, Driving Reforms and Prospering the Rakyat", the budget is underpinned by three key principles: reinvigorating the economy, catalysing transformative change and improving the overall wellbeing of the people. The budget's overall vision reflects a strong commitment to steer the nation towards a sustainable and prosperous future through five strategic initiatives: managing the economy, driving more decisive reforms, eliminating bureaucratic inefficiencies, increasing wages and incomes, and addressing the rising cost of living. The budget also focuses on ESG incentives, reflecting the country's commitment to become a carbon-neutral nation by 2050 through the introduction of measures such as a carbon tax and tax incentives for carbon capture, use and storage activities. The budget also marks a significant milestone in Malaysia's journey towards a digital future, with several initiatives aimed at strengthening the digital economy and accelerating the adoption of AI. These measures are unsurprising in light of Malaysia's ambition to attract data centres and become a key player in the data space. Overall, Budget 2025 aims to restructure the Malaysian economy and propel the nation towards realising its full potential as an Asian powerhouse. In particular, it demonstrates the government's commitment to maintaining a competitive edge in the digital age and equipping its workforce for the future. To give investors an overview of the measures to come, we have prepared a brief summary of the Budget and its announcements. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther India Luther China Luther Indonesia Luther Myanmar

A big thank you to all the companies that joined us for today's breakfast discussion on the upcoming #PDPA reform! We truly enjoyed the insightful discussions and the exchange of ideas around the complexities of data protection. It’s clear that while this topic demands significant effort and careful attention, it offers not only compliance challenges but also exciting opportunities for businesses to enhance their operations and trustworthiness. For those who couldn’t join us today, there are more opportunities ahead! We’re hosting further sessions to continue exploring the latest updates and implications of #Malaysia's data protection reforms: • 𝗠𝗚𝗖𝗖'𝘀 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝗖𝗹𝘂𝗯 𝗼𝗻 𝟭𝟮 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 • 𝗠𝗙𝗖𝗖𝗜'𝘀 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗧𝗮𝗹𝗸 𝗼𝗻 𝟭𝟯 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 • 𝗜𝘁𝗮𝗹𝗖𝗵𝗮𝗺 𝗼𝗻 𝟮𝟴 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 For registrations, you may either register through the respective chambers directly or contact our colleague Sue (sue.wong@luther-services.com), who will direct you to the relevant registration page. We look forward to welcoming more participants to these events and continuing the dialogue on how businesses can turn compliance into opportunity - see you soon. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Vietnam Luther Indonesia Luther Myanmar Luther India Luther Luxembourg

𝗠𝗮𝗹𝗮𝘆𝘀𝗶𝗮’𝘀 𝗥𝗲𝗳𝗼𝗿𝗺 𝗼𝗻 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗗𝗮𝘁𝗮 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗟𝗮𝘄𝘀 – 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿𝘀 𝗣𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 We’re looking forward to our event this Wednesday, where we’ll be discussing the latest updates to #Malaysia's data protection laws! With the reform of the #PDPA, the Minister of Digital announced that the Personal Data Protection Commissioner would issue additional regulations and guidelines to supplement the existing laws. Five public consultation papers have already been released, covering the following key topics: • 𝗗𝗮𝘁𝗮 𝗯𝗿𝗲𝗮𝗰𝗵 𝗻𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: https://lnkd.in/geuS2A6z • 𝗗𝗮𝘁𝗮 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗳𝗳𝗶𝗰𝗲𝗿𝘀: https://lnkd.in/gFwZeh57 • 𝗗𝗮𝘁𝗮 𝗽𝗼𝗿𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: https://lnkd.in/ggav7qAs • 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗱𝗮𝘁𝗮 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀: https://lnkd.in/gdNAsG3J • 𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗳𝗼𝗿 𝗰𝗿𝗼𝘀𝘀-𝗯𝗼𝗿𝗱𝗲𝗿 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿𝘀 𝗼𝗳 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗱𝗮𝘁𝗮: https://lnkd.in/gX6YMQ5J These consultation papers provide insight into potential compliance requirements and the additional rules that the Commissioner may enforce under his powers. We’ll be discussing these and the current proposals during our series of personal data protection events. Our 𝗳𝗶𝗿𝘀𝘁 𝘀𝗲𝘀𝘀𝗶𝗼𝗻 𝗼𝗻 𝟮𝟯 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 is fully booked, but there will be further opportunities to join us: • 𝗠𝗚𝗖𝗖'𝘀 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 𝗖𝗹𝘂𝗯 𝗼𝗻 𝟭𝟮 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 (registration link to follow) • 𝗠𝗙𝗖𝗖𝗜'𝘀 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗧𝗮𝗹𝗸 𝗼𝗻 𝟭𝟯 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿: https://lnkd.in/gFXBKc2g • 𝗜𝘁𝗮𝗹𝗖𝗵𝗮𝗺 𝗼𝗻 𝟮𝟴 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 (registration link to follow) We look forward to seeing you there and discussing these important developments! Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Vietnam Luther Myanmar Luther Indonesia Luther Thailand Luther India Luther China Luther Luxembourg

𝐆𝐫𝐞𝐞𝐭𝐢𝐧𝐠𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐃𝐞𝐮𝐭𝐬𝐜𝐡𝐞𝐫 𝐁𝐫𝐚𝐧𝐝 𝐒𝐮𝐦𝐦𝐢𝐭 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐄𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐨𝐧 𝟐𝟎𝟐𝟒. Today is Day 2 of the exhibition, and we’ve had the pleasure of meeting various companies considering expanding their business activities to #Malaysia. European companies are showing significant interest in Malaysia, recognizing it as a safe, reliable, and cost-effective harbor in challenging times, as well as a gateway to the vast #ASEAN markets. We had a brief opportunity to speak with Melaka's Chief Minister, Datuk Seri Utama Ab Rauf Yusoh, and Dr. Nicole Hoffmeister-Kraut, Minister of Economic Affairs, Labour, and Tourism of Baden-Württemberg, Germany, about why Luther Malaysia advises so many German and European clients, and the specific opportunities Malaysia and ASEAN present, particularly for the strong German Mittelstand. As always, we remain available to assist those looking to explore investment opportunities in Malaysia. Please feel free to get in touch with us for further discussions. Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Thailand Luther Myanmar Luther Vietnam Luther Indonesia Luther Singapore Luther China

We look forward to meeting many clients and new investors at the Deutscher Brand Summit in #Melaka next week to discuss existing and future investments in #Malaysia. https://lnkd.in/gwWxVkHx Luther Rechtsanwaltsgesellschaft mbH Luther Singapore Luther Malaysia Luther Thailand Luther Myanmar Luther Indonesia Luther Vietnam Luther Luxembourg