Dear Valued Clients,
Welcome to our E-Newsletter August 2019!
We wish all Malaysians a Happy National Day!
We live in an era where smartphones are indispensable in our lives. The exponential spread of smart phone technology has translated into ever rising mobile Internet consumption. This has elevated expectations of a seamless customer digital experience and many businesses now factor in mobile apps as an indispensable part of their customer operations.
3E Accounting Mobile App
Being an early adopter of digital transformation, 3E Accounting designed our very own mobile app. With the new 3E Accounting mobile app, customers can now reach out to our business with just a tap! You will find that our mobile app provides a surprising number of enhanced customer services beyond traditional functionality. Instant navigation to all of our offices across the globe, in-app same-day appointment scheduling and access to the latest business news are just a few of these features.
Malaysia is a Confident Investment Destination Among Investors
Malaysia’s economy can expect moderate but steady growth as the country’s fiscal deficit reduced by 39% between January-May 2019 compared to the same period last year. The current fiscal performance signals that Malaysia is on the right track to achieve its targeted fiscal deficit of 3.4% of gross domestic product (GDP) in 2019 and restore its fiscal health by 2021.
According to Bank Negara Malaysia’s (“BNM”) director of economics, En Mohd Fraziali Ismail, Malaysia’s well-diversified export portfolio is well placed to buffer the impact of the escalating trade tensions between the US and China. Meanwhile, the international reserves of BNM, as at 15 July 2019, stood at USD103.3 billion. The Central Bank said in a statement that the reserves position is sufficient to finance 7.3 months of retained imports and is 1.2 times total short-term external debt.
National Day: ‘Sayangi Malaysiaku: Malaysia Bersih’
Malaysia will turn 62 on 31st August. We, Malaysians, have been through thick and thin together since 1957 to make this country great. This year, our National Day and Malaysia Day share the same theme: ‘Sayangi Malaysiaku: Malaysia Bersih’ (Love our Malaysia: A Clean Malaysia). As the theme implies, unity, patriotism for the well-being of the people as well as shared prosperity are the key factors that make our country progress. While the main song for the celebration will be ‘Malaysia Bersih’ (English: A Clean Malaysia), a song that emphasises the culture of integrity and rejecting corruption, ‘Kita Punya Malaysia’ (English: Our Malaysia) will also be sung to fire up the spirit of patriotism.
Let us stay the course and achieve great things together. Happy National Day!
Thank you.
Lawrence Chai
Founder, 3E Accounting Group
Read More in our E-Newsletter August 2019.
