How Firing a Director of a Malaysian Company Happens Firing someone is an unfortunate reality, but when people have to go, they have to go. There can be many reasons as to why a company would consider firing an employee. Whether it be due to incompetence, questionable conduct, or other reasons, firing someone is sometimes…
Challenges of Nominee Directors in Malaysia and Essentials You Should Know Your company may want to employ a nominee director, but you are not sure what it entails. Let’s assume that for some reason, your company director has to leave your company. According to the Companies Act in Malaysia, if such resignation or termination took…
How the Responsibilities of a Company Director Can Shape Its Own Aspects Being the director is no easy feat. You lead, make critical decisions for the company, and more. People such as employees and other superiors look up to them. Their will can change the directions of a company in significant ways. Given how encompassing…
Learn Right Way of Appointing a Nominee Director in Malaysia and Stay in Compliance Did you know that in the absence of a company director, there are other viable substitutes? Nominee director services can prove to be an effective solution. Suppose you own a company, or you were previously educated on its statutory nature. In…
CMCO Now Extended to All but the Three States in Malaysia As the third wave of Covid-19 hits Malaysia, the government, with the Health Ministry’s advice, implements conditional movement control order (CMCO) in Malaysia for all states except Perlis, Kelantan, and Pahang. The implementation of CMCO was at targeted areas in Sabah right after the…
Expanding the Yield Through Sustainable Policies Malaysia wants to improve the productivity of its palm oil industry and is committed to establishing policies for sustainable cultivation of palm oil to improve the palm oil yield and productivity. Malaysia’s Ministry of Plantation Industries and Commodities (MPIC) plans to implement several new policies. These policies will seek…
China Still the Biggest Investor in Malaysia’s Manufacturing Sector China continues to be the biggest foreign investor in Malaysia in the manufacturing sector. China retained this ranking for the last four years since 2016. Strong Bilateral Trade Between China and Malaysia The bilateral trade between China and Malaysia amounts to US$80.06 billion. This was…
Key Advantages and Challenges of Adopting IFRS in Malaysia Accountants adhere to a set of rules in the measurement and recording of financial transactions. These rules are what we call accounting standards. Before, different countries have their own set of accounting standards. Further, countries and organizations can also choose to adopt the rules of other…
Reasons Why Implementing IFRS in Malaysia is Necessary In 2006, the Malaysian Accounting Standards Board (MASB) adopted the International Financial Reporting Standards (IFRS). Accordingly, with this decision come the changes in how Malaysian companies measure and record economic transactions. Implementing IFRS in Malaysia is an action to unify accounting standards globally. Why is this IFRS…
How Acquiring Accounting Software Can Maximize ROI of SMEs Small businesses are usually hesitant to purchase accounting software. This is because accounting software is not cheap, and most SMEs are tight on their budgets. However, what most SME owners don’t recognize is that getting accounting software can be beneficial for the company in the long…