Malaysia’s Economy Shows Positive Signs as More People Resume Work Malaysia’s economy is headed towards a brighter direction after it reopened and saw almost 70% of the workforce recommencing work. Things are surely looking up for Malaysians as 12.7 million employees have returned to their line of businesses, as of 2 June 2020. According to…
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…
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…
More International MNCs Choosing Malaysia for Regional Expansion Kuala Lumpur wows many with its world-class facilities, charming investors and visitors alike with its unique cultural mix and warm welcome. With the birth of Greater Kuala Lumpur, more foreign investors are looking to invest in Malaysia. Greater Kuala Lumpur continues to attract with the help of…
New Digital Services Systems Service Tax for Foreign Registered Persons (FRP) in Malaysia Guideline for Filing Procedures Available Online The Royal Malaysian Customs Department (RMCD) announced a new service tax that will be applicable for digital services systems applicable to those registered as foreigners. The announcement was made by the RMCD on 30 March…
SSM Initiatives Announced to Ease Movement Control Order (MCO) Burden New Initiatives to Help Corporations Ease Their Burden The Companies Commission of Malaysia (SSM) announced seven new initiatives to help the corporate sector ease their burden during the Movement Control Order (MCO). SSM made the announcement on 10 April 2020. Out of the 7,…
RM20 Billion Economic Stimulus Package 2020 Unveiled in Malaysia Malaysia Government Unveil RM20 Billion Economic Stimulus Package to Offset Covid-19 The Government has announced a RM20 billion Economic Stimulus Package 2020 to offset the economic impact from Covid-19 fallout. To mitigate the impact on the Malaysian economy, the Economic Stimulus Package 2020 is meant…
