E-Wallet Incentive RM30 Infusion Begins in Malaysia Eligible Malaysians Who Qualify Will Receive Free E-Wallet Infusion The Malaysian government has introduced a new e-wallet incentive worth RM30 for eligible Malaysians. Eligible Malaysians who qualify for the incentive will receive the free E-Wallet infusion This incentive is a one-off payment for Malaysians and is part of…
When Companies Comply With Companies Act 2016, the More Transparent Businesses Are Business owners are often plagued with every single thing that is related to the business. This includes looking through all the financial worksheets and keeping everything in check and balance. Often, small or medium-sized companies may not have the capacity to hire professional…
The Public Can Now Verify the Authenticity of Documents Issued by SSM Using QR Code Reader and Web Checker Technology has come a long way from merely improving our daily lives to educating us to become more responsible. Documents and documentations are still necessary for sharing of specific information when it is requested. But, with…
The Potential of Bioplastics for Malaysian Small and Medium Enterprises (SMEs) According to Malaysian Bioeconomy Development Corporation Sdn Bhd (Bioeconomy Corporation), there is potential for Malaysia to be a global bioplastics hub. Bioplastics are plastics materials produced from renewable biomass sources and are more environmentally-sustainable to produce compared to conventional plastic production. The Malaysian bioplastics…
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 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…
Accountability and Responsive Service is Among Objectives of the Anti-corruption Plan (ACP) by IRBM Corruption is not only wrong for an individual, but it will also stamp out development if it spreads throughout an organisation. Thus, positive character development and enforcing regulation is an on-going course of action. This is what the Inland Revenue Board…
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…
Bursa Malaysia Expects Higher Growth in 2020 The Chief Executive Officer for Malaysia’s Stock Exchange, Bursa Malaysia, is expecting 40 new listings to be added next year. The listings include not just larger companies, but also small to medium-sized businesses. The inclusion of small to medium-sized businesses is made possible due to incentives such as…
Data Protection Laws Changes to Occur in Malaysia A recent cybersecurity leak involving a pay portal at the Universiti Malaysia Sabah has prompted the government to put out a call for stronger data protection laws. The security leak happened through the UMS e-pay portal, compromising thousands of students and their private information. This is the…