Goods And Services Taxes (GST) Does Not Burden The People, Says Malaysian Premier Malaysian Prime Minister, Datuk Seri Najib Abdul Razak said the introduction of the Goods and Services Tax (GST), although unpopular, was the right decision in view of changing economic circumstances. He said the GST was only imposed after extensive studies were carried out…
Narrow – Scope Amendments to Pension Accounting in Malaysia The Malaysian Accounting Standards Board (MASB) recently issued narrow-scope amendments to pension accounting. The amendments to the Malaysian Financial Reporting Standards (MFRS) Employee Benefits are word-for-word Plan Amendment, Curtailment or Settlement (Amendments to IAS 19) issued by the International Accounting Standards Board. Under the amendments, an…
How to Start a Business in Malaysia If starting a business in Malaysia is something you’ve always had on your mind, there’s no better time than right now to do it. And when you are ready to begin your new venture, the first thing you’re going to be thinking about would be where should I…
New Trade Deal Signed By 11 Countries Eleven countries in the Trans-Pacific Partnership free trade agreement recently sent a strong message to Washington against its increasing protectionism in trade. The countries proceeded to sign a new deal known as The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). It was signed in Santiago, Chile, by…
Dear Valued Clients, Welcome to our E-Newsletter April 2018 Driven by a resilient domestic demand, the Malaysian economy has seen exceptionally good performance last year. In 2018, the first quarter displayed a better-than-expected performance. According to projection by the government, gross domestic product (GDP) of Malaysia is expected to grow between 5.5% and 6% in…
IT Companies in Malaysia Malaysia was generally known as a country focused on plantation, for the most part. Palm oil and rubber were the country’s major exports and the nation was highly dependent on these commodities. But in 1991 the former Prime Minister of Malaysia, Datuk Seri Dr. Mahathir bin Mohamad initiated Wawasan 2020 during…
3E Accounting Malaysia is Choosen To Be Award Winners Accountancy Firm of the Year 2018 by Corporate LiveWire Finance United Kingdom – 27th of March – Today marks the release of the Corporate LiveWire Finance Awards 2018 winners guide. 3E Accounting Malaysia is Choosen To Be Award Winners Accountancy Firm of the Year 2018 by…
XBRL in Malaysia Extensible Business Reporting Language, which is also known as XBRL, is an electronic language designed to enable the automation of business information requirements, i.e. the preparation, sharing and analysis of financial reports, statements, and audit schedules. Governments, regulators, and other organisations in many nations have adopted XBRL as it automates the process…
Pahang Set to Woo Investors with Mammoth Projects Pahang looks set to woo both foreign and local investors with numerous large-scale projects, including the East Coast Railway Line (ECRL) project, Malaysia-China Kuantan Industrial Park (MCKIP), Kuantan Port expansion and Tanjong Agas Oil & Gas and Logistic Industrial Park. These mammoth projects will play a big…
Dear Reader, E-Newsletter March 2018 We hope you have a prosperous Chinese New Year! As the fourth largest economy in Southeast Asia, Malaysian economy continues to grow steadily as we usher in the New Year. For one, Malaysia’s economy has beat market expectations in 2017, with its first three quarters growing at 5.6 to 6.2…