The Potential of Bioplastics for Malaysian SMEs

The Potential of Bioplastics for Malaysian SMEs

The Potential of Bioplastics for Malaysian Small and Medium Enterprises (SMEs) According to Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corporation), there is potential for Malaysia to be a global bioplastics hub. Bioplastics are plastics materials produced from renewable biomass sources and are more environmentally-sustainable to produce compared to conventional plastic production. The Malaysian bioplastics…

Paving the Way for Digital Transformation in Malaysia

Paving the Way for Digital Transformation in Malaysia

Paving the Way for Digital Transformation in Malaysia Business Environment Malaysia is currently undergoing a digital transformation as national agendas such as the Shared Prosperity Vision 2030 and the Ministry of International Trade and Industry’s (MITI) National Policy on Industry 4.0 (Industry4WRD) are encouraging the use of emerging technologies to fast-track industry improvement and stimulate…

Embracing the Industrial Revolution 4.0

Embracing the Industrial Revolution 4.0

Embracing the Fourth Industrial Revolution The Industrial Revolution is upon us and it is manifested through technology trends towards automation, cyber-physical systems, the internet of things, cloud computing, cognitive computing and artificial intelligence. However, Malaysia’s Entrepreneur Development Minister has pointed out that Malaysian small and medium enterprises (SMEs) are still reluctant to adopt the technologies…

Public Holidays in Malaysia for 2020

Public Holidays in Malaysia for 2020

Overview of Malaysia’s Public Holidays for the Coming Year The Prime Minister’s Department in Malaysia has announced the dates of the upcoming public holidays in Malaysia. It is advisable that all employers in Malaysia remain aware of the upcoming public holiday dates. This ensures the better management of manpower and smooth operational transitions. However, there…

Supporting Digital Economy Development

Supporting Digital Economy Development

RM21.6bil Fund Set Up in Supporting Digital Economy Development in Malaysia First announced in Malaysia in early-2019, the RM21.6bil National Fiberisation and Connectivity Plan (NFCP) was officially launched in September aiming to enhance digital connectivity across all segments of the Malaysian society and leading to increased access to global opportunities arising from digital connectivity.  …

E-Newsletter

E-Newsletter December 2019

Dear Valued Customers, Welcome to our E-Newsletter December 2019! This month, we continue our focus on the upcoming changes to Malaysia’s tax regime post-Budget 2020.   Big Winnings for SMEs on the Tax Front The Small and Medium Enterprises in Malaysia (SMEs) are a vital part of the business ecosystem in the country. Malaysia’s Budget…

Malaysia Digitalisation Incentives

Malaysia Digitalisation Incentives

Malaysia Digitalisation Incentives Worth Billions Up For Grabs Technology has been evolving since humans begin to use tools to improve processes. Technology development changes our lives more rapidly now than ever before. We are dependent on technology from the moment we wake up. The way forward is going digital or risk being left behind. The…

MASB Publishes Interest Rate Benchmark Reform

MASB Publishes Interest Rate Benchmark Reform

The Malaysian Accounting Standards Board Publishes the Interest Rate Benchmark Reform As Issued by IASB The Malaysian Accounting Standards Board has released the Interest Rate Benchmark (IRB) Reform on 31st October 2019. The Interest Rate Benchmark Reform will apply as amendments to MFRS 9 Financial Instruments, MFRS 139 Financial Instruments: Recognition and Measurement and MFRS 7…