What is HRDF? The Human Resources Development Fund (HRDF) was established under the legal requirements of the Human Resources Development Act 1992 ( currently known as Pembangunan Sumber Manusia Berhad Act 2001(PSMB)). The PSMB Act, 2001 is to provide for the imposition and collection of a human resources development levy for the purpose of promoting…
Dear Valued Customers, A warm welcome to our April newsletter! It has been a very fast-paced year for all of us here at 3E Accounting. There are several exciting updates that we can’t wait to share with you. Let’s Catch Up With What’s Happening in Singapore: More Than 110,000 Local Jobseekers Hired 26,000 companies…
New Guidelines in Place by MARTRADE to Boost Market Capabilities New guidelines have been launched to enhance Malaysia’s services exports by the Malaysia External Trade Development Corporation (MARTRADE). These guidelines are applicable to the Services Export Fund (SEF). The SEF aims to enhance Malaysia’s capabilities to gain market access for overseas projects. The new guidelines…
Manufacturing Predicted to Boost the Country’s Economic Growth Malaysia expects to see stronger industrial output growth within the second half of this year. The growth is expected to come from the support of the manufacturing sector. The manufacturing sector is expected to grow due to the restart of the country’s economic activities. The outlook is…
Dear Valued Customers, A very warm welcome to our 3E Accounting Group newsletter! It’s March already and I know everyone must still be worried about the COVID-19 uncertainties but it has been amazing to see how quickly businesses have adapted to the ever-changing circumstances. What’s Happening in Singapore Let’s jump right in with what…
3E Accounting Establishes AI Committee For Industry 4.0 In this new VUCA (volatility, uncertainty, complexity and ambiguity) operating environment, the only constant is change. This is apparent from the shared experience with COVID-19, where businesses had to establish an online presence at very short notice following a shift away from conventional physical stores after national…
The Central Bank Has Sufficient Reserves as of February 2021 As of 15 February 2021, the Bank Negara Malaysia international reserves have gone up to US$109.7 billion from their previous US$107.8 billion in January 2021. With the new total, the central bank has enough reserves to finance 8.6 months’ worth of retained imports. It also…
Cybersecurity Test Lab a Joint Effort Venture Malaysia will launch Southeast Asia’s first 5G Cybersecurity Test Lab that will cover a testbed 5G ecosystem that is comprehensive. It will be a model for end-to-end cybersecurity. Southeast Asia’s first 5G Cybersecurity Test Lab is a joint venture between CyberSecurity Malaysia (CSM), Celcom Axiata Bhd and Huawei…
Public Holidays in Selangor for 2024 The Kerajaan Negeri Selangor has released the dates of 2024 public holidays happening in Selangor Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Selangor public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…
Public Holidays in Labuan for 2024 The Kerajaan Negeri Labuan has released the dates of 2024 public holidays happening in Labuan Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Labuan public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…