Paving the Way for Digital Transformation in Malaysia

Paving the Way for Digital Transformation in Malaysia

Paving the Way for Digital Transformation in Malaysia Business Environment Malaysia is currently undergoing a digital transformation as national agendas such as the Shared Prosperity Vision 2030 and the Ministry of International Trade and Industry’s (MITI) National Policy on Industry 4.0 (Industry4WRD) are encouraging the use of emerging technologies to fast-track industry improvement and stimulate…

Embracing the Industrial Revolution 4.0

Embracing the Industrial Revolution 4.0

Embracing the Fourth Industrial Revolution The Industrial Revolution is upon us and it is manifested through technology trends towards automation, cyber-physical systems, the internet of things, cloud computing, cognitive computing and artificial intelligence. However, Malaysia’s Entrepreneur Development Minister has pointed out that Malaysian small and medium enterprises (SMEs) are still reluctant to adopt the technologies…

MASB Publishes Interest Rate Benchmark Reform

MASB Publishes Interest Rate Benchmark Reform

The Malaysian Accounting Standards Board Publishes the Interest Rate Benchmark Reform As Issued by IASB The Malaysian Accounting Standards Board has released the Interest Rate Benchmark (IRB) Reform on 31st October 2019. The Interest Rate Benchmark Reform will apply as amendments to MFRS 9 Financial Instruments, MFRS 139 Financial Instruments: Recognition and Measurement and MFRS 7…