Steady Economic Recovery in Malaysia’s 3rd Quarter Boosts Confidence in Businesses According to MIER, it’s going to be a slow but steady trek for Malaysia on the winding sustained road to economic recovery. The Malaysian Institute of Economic Research (MIER) recently published the findings from its Business Conditions Survey Report. Malaysia’s second-quarter (Q2) of 2020…
Future-proofing Businesses With Automation Support Automation for businesses has been around for quite some time. The uptake for automation and digitalisation has been reserved for large manufacturers that require long-term efficiency and productivity. However, many small and medium enterprises are beginning to understand and notice the advantages of automation in their business operations. But for…
The 2020 APEC Session Concluded on a High Note The Asia Pacific Economic Cooperation (APEC) 2020 Malaysia was a success in Kuala Lumpur this year after it concluded on 21 November 2020. 21 APEC Economic Leaders were present for the session. The Promising Achievements The success of the APEC 2020 Malaysia was marked by…
Youth Entrepreneurs in Kuala Lumpur and Putrajaya to Benefit From This Initiative Malaysia’s Federal Territories Ministry is creating even more business opportunities in Malaysia. An Initiative for the Youth Within the next two years, the Ministry aims to provide youth entrepreneurs in Kuala Lumpur (KL) and Putrajaya with 2,000 business lots. This initiative falls…
Capital Allowances in Malaysia and Their Impact on Taxation Taxation is one of the most gruelling tasks in business. Aside from the tax laws continually updating, it also has many inclusions and exclusions you have to remember. As such, it is always good to research and update your knowledge about business taxation. This article talks…
Understanding Employment Income in Malaysia for Easier Taxation Taxation is a very complex work. It is even more complicated if we do it without understanding what we are working on. If you are an employed individual with high enough compensation, you will probably pay taxes from your salary. If you yet barely understand the taxation…
7 Key Accounting Skills Every Accountant Should Possess Accountants analyze and prepare financial reports for the company and stakeholders. They play an important role in assessing company position and performance. And this role entails precision, analytical skills, and strong ethics. This article outlines key accounting skills every accountant should possess. This is to help you…
Effective and Efficient Management of the Accounts Payable Process Management of the accounts payable process is one of the most important activities in business. You should pay what you owe to others, but ensure that this is done effectively and efficiently. Accounting and finance practices give out the concepts of what should be the most…
Understanding the Different Types of Assets and Liabilities Assets and liabilities play an essential role in ensuring the profitability and long-term sustainability of a business. The key to achieving these goals depends on how the company effectively manages its assets and liabilities. Therefore, it is crucial to understand each of their classifications to manage company…
Beginner’s Guide on How to Read and Understand the Balance Sheet The company’s balance sheet shows how the business is fairing at a particular time. The balance sheet, also known as the financial position statement, reveals company assets, liabilities, and owner’s equity. This report, along with the income statement, and statement of cash flows, makes…