Malaysia Pegged to Maintain Position as One of the Top E-commerce Markets in ASEAN Accelerated e-commerce growth to bring in gross merchandise value of US$30 billion by 2025. Acknowledged as one of the top e-commerce markets in ASEAN, Malaysia is riding high on market sentiment and expectation. Indeed, there has never been a better time…
DSOM Says This Is the First Positive Year-on-year Growth for 2021 The March retail sales in Malaysia were up by 9.3%, taking the total to RM112.8 billion. According to the Department of Statistics Malaysia (DSOM), this is the first positive year-on-year growth for 2021. Two sectors were largely responsible for the increase. This was the…
Dear Valued Customers, Welcome to our May newsletter! How has everyone been doing so far? We’re reaching the halfway mark for 2021 and economy-wise, it looks like things are beginning to pick up again. Let’s start with some of the highlights that have been happening in Singapore so far. 3E Accounting Recognised for Sustainable…
Grants Now Available for SME Digital Transformation in Malaysia Funding Identified Under MIA’s Digital Technology Blueprint Operation Plan To ensure Digital Transformation in Malaysia, more grants have been made available under the Malaysia Institute of Accountants (MIA)’s Digital Technology Blueprint Operation Plan. MIA’s Digital Adoption Plan MIA’s Principle 4 of its Digital Technology Blueprint…
Ministry Encourages Farming Community to Make Use of Latest Technology Malaysia’s Agriculture Ministry is encouraging the local farming community to make use of the latest technology to sell their farming products online. The Agriculture and Food Industries (Mafi) Ministry is urging the farming community to adopt technology like e-commerce platforms. E-commerce platforms would help farmers…
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…