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 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…
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…
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…
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…
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…
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…
COVID-19 Report Card to Assess Pandemic Readiness Experts have created a report card to measure the readiness of a country in handling outbreaks. The COVID-19 Report Card will have several indicators to evaluate the countries’ preparedness in combating a pandemic. Inaccuracy of GHSI Pandemic preparedness has not equated to effective pandemic management. Assessments such…
Find out all about the latest amendments to the MFRSs Businesses around the globe are currently affected by pandemic Covid-19. The same goes for companies in Malaysia. Whether foreign-owned or local companies, both are in a predicament as to how things will be with the new normal. Financial reporting for the year 2020 and onwards…
Opening Of 3E Accounting Hong Kong Adds A Premium Choice For Entrepreneurs – Foreignaffairs.co.nz ForeignAffairs.co.nz reported that 3E Accounting, established since 2011 on the mission to offer the three Es – efficiency, effectiveness and economy, has opened its new country office in Hong Kong. The official opening of 3E Accounting Limited represents a key milestone…