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…
3E Accounting Bagged “Leading Accounting Services Provider of the Year” Award by Wealth & Finance International 3E Accounting has been selected as a representative of Global Excellence Awards and awarded the “Leading Accounting Services Provider of the Year” by Wealth & Finance International, recognising 3E Accounting as the best-in-town Malaysia Company Registration and Corporate Secretarial…
How to Start your Business in Malaysia Over the years, Malaysia gained its traction as the ideal gateway connecting ASEAN markets due to the strategic location at the crossroad of Southeast Asia. Apart from that, the Malaysian government welcomes foreign investors with its vibrant investment climate. Though starting a business from scratch sounds challenging, we…
No more Change In The Registered Address lodgments at SSM counters Beginning December 1, 2017, all lodgments of the Notification of Change In The Registered Address (CRA) through the Companies Commission of Malaysia (SSM) counters will be rejected. This includes all counters at SSM’s head office, state offices and branches. According to a recent announcement from the SSM,…
MIDA Hold Special Briefing Sessions for Greater Opportunities The Malaysian Investment Development Authority (MIDA) recently held a briefing session entitled, “An Update on Investment Opportunities in Perlis’ at the MIDA headquarters. The first of it’s kind, this session was part of MIDA’s efforts to provide in-depth opportunities in every state this year. The series follows…
Latest GST updates in Malaysia Beginning January 18, 2018, all applications for GST registration via Taxpayer Access Points (TAP) in Malaysia will be approved within 24 hours. In the event approval was not granted within 24 hoursafter submitting a complete application, those concerned can contact 1-300-888-500 or e-mail ccc@customs.gov.my Also, the Royal Malaysian Customs Department also announced that…
Dear Reader, E-Newsletter February 2018 2017 has been a year of far-reaching changes and difficult yet we have laid the strong foundations for a future of orderly, sustainability, and profitable growth. We have accordingly undertaken an ambitious range of structural actions and decisions that help to grow our business, and strengthen the financial and…
Improvements to the MFRS issued On January 15, 2018, the Malaysian Accounting Standards Board (MASB) issued the annual improvements to the Malaysian Financial Reporting Standards (MFRS) 2015 – 2017 cycles. The improvement issued are as follows: MFRS 3 Business Combinations Under the amendments made to MFRS 3, it is clarified that whenever an entity gains…
How Employment Insurance Scheme (EIS) Will Affect You When your January payslip arrive, do you have a clue what all the figures, especially ESI, mean? The Malaysian government has launched the Employment Insurance Scheme (EIS) on 27 October 2017. Administered by the Social Security Organisation (SOCSO), the EIS will be implemented from January 2018 onwards…