3E Accounting Newsletter

E-Newsletter August 2020

Dear Valued Customers, Welcome to our August newsletter! The months seem to fly by! August is an exciting month ahead for all of us in Malaysia.   Malaysia Celebrates Merdeka Day on 31 August The 3E Accounting team wishes our fellow Malaysians Happy Merdeka Day! This year’s Merdeka Day theme is Malaysia Prihatin (Malaysia Cares). The theme…

Moratorium and Targeted Bank Assistance

Moratorium and Targeted Bank Assistance

Moratorium and Targeted Bank Assistance Announcement in Malaysia On 29 July 2020, Malaysia’s Prime Minister announced the advanced moratorium and targeted bank assistance. Specifically, the loan repayment moratorium was introduced to reduce the financial burden of the people. It was also implemented to address the cash flow challenges faced by businesses, especially in the early…

3 Economic Sectors in Malaysia Are Looking Positive for a Recovery

3 Economic Sectors in Malaysia Are Looking Positive for a Recovery

Adversely Affected Economic Sectors Show Signs of Recovery Malaysia’s three main economic sectors which were severely affected by COVID-19 pandemic shows definite signs of recovery. The country is optimistic that these sectors mainly – Agriculture, Construction, and Manufacturing, will gradually recover. The resumption of government projects has allowed many construction companies in the private sector…

Malaysia’s Approved Investments Record RM37.4 Billion in 1Q 2020

Malaysia’s Approved Investments Record RM37.4 Billion in 1Q 2020

Mida Records Malaysia’s Approved Investments That Worth RM37.4 Billion in the First Three Months of 2020 According to the Malaysian Investment Development Authority (MIDA), Malaysia’s approved investments recorded a whopping RM37.4 billion in the first three months of 2020. The approved investments were contributed by the manufacturing, service and the primary sector, totalling up to…

Malaysia Prihatin, a Show of Unity and Compassion!

Malaysia Prihatin, a Show of Unity and Compassion!

National and Malaysia Day Celebrations! ‘Malaysia Prihatin’ directly translates to Malaysia Cares, which is the appointed theme for this year’s National Day and Malaysia Day celebrations. Malaysians have displayed a caring nature, along with firm determination and patience during COVID-19 pandemic. Therefore, this theme was selected to recognise the virtues amplified by Malaysians when facing…

Invest Malaysia 2020, Moving Towards An Improved Malaysia

Invest Malaysia 2020, Moving Towards An Improved Malaysia

Malaysia Government Supports Private Sector with RM20 billion Funding The government has approved a total of RM14.2 billion of 320 Facilitations Fund projects, which has generated approximately RM230 billion worth of economic activities. This fund under the Public-Private Partnership (PPP) approach, had been the stimulant for broader sector reforms and increased private sector participation in…

The Latest Buzzword: Travel Bubble

The Latest Buzzword: Travel Bubble

Understanding the Latest Buzzword: Travel Bubble Travel bubble, travel corridor, corona corridor are the latest positive buzzwords during this troubling time of the pandemic. But what are they, and why should we be excited about it?   What is a Travel Bubble? More and more countries are adopting the travel bubble. Although we’re in the…