New Minimum Wage in Malaysia Come 1 May

New Minimum Wage in Malaysia Come 1 May

New Minimum Wage in Malaysia Come 1 May The Malaysian Government will implement a new minimum monthly wage standard in Malaysia. This will commence from 1 May despite the situation. The new minimum wage will be set at Rm1,500. However, some employment sectors will get some leeway to defer the implementation. This includes companies that…

Better Integration of Grants Through MySGD, Zafrul Says

Better Integration of Grants Through MySGD, Zafrul Says

MySDG Foundation to Integrate Coordination of Grants The Malaysia Sustainable Development Goals Foundation, or the MySDG Foundation, was launched on the 27th of January is set to become an integration of grants. According to Datuk Seri Tengku Zafrul Abdul Aziz, he mentioned that stakeholders created numerous funds for various significant causes, including environmental sustainability, wildlife…

2022 National Economic Recovery Is Underway with SSM New Initiatives Announcement

2022 National Economic Recovery Is Underway with SSM New Initiatives Announcement

2022 National Economic Recovery Is Underway with SSM New Initiatives Announcement SSM (Suruhanjaya Syarikat Malaysia), also known as The Companies Commission of Malaysia, announced several new initiatives that will boost national economic recovery in 2022.  SSM announced several new initiatives, as well as the continuation of the existing five initiatives that were introduced in 2021.…

Finance Minister: Plans to Reinstate GST Are on the Way

Finance Minister: Plans to Reinstate GST Are on the Way

Malaysia’s Finance Minister: GST for the Better? As the Minister of Finance, Zafrul stresses that fiscal reforms are imminent for increasing expenses. The COVID-19 pandemic heavily dampened the government’s revenue; he notes that Malaysia’s direct burden is about to exceed RM1 trillion in 2022. Therefore, requiring more productive debt-paying to sustain the slow economic growth. …