List of Businesses and Activities Allowed Under Recovery MCO Malaysia Malaysia’s MCO in “Recovery Phase” Until End of August The recovery MCO Malaysia will begin 10 June onwards and continue until 31 August. Below is a guide to the businesses and activities that will be allowed to resume. Malaysia’s Conditional Movement Control Order…
Advancing Malaysia’s Digital Economy Malaysia is advancing rapidly and has great potential for further expansion in its digital economy. In the World Bank’s report, “Malaysia’s Digital Economy – A New Driver of Development”, it was pointed out that businesses still need to adopt digital technologies more readily to make full use of its benefits. Malaysia’s…
Value of Indebtedness Temporarily Increased to RM50,000 in Malaysia Malaysia’s Ministry of Domestic Trade and Consumer Affairs has announced a temporary increase in the value of indebtedness to more than RM50,000. This is pursuant to 466(1)(a) of the Companies Act 2016 (Act 777) (CA 2016) of the Malaysian Companies Act. Companies who are considered unable…
The Year 2020 is a Surprising Year for the Malaysia Economy The year first quarter of the year 2020 has turned out to be a challenging period due to the Covid-19 pandemic. Everywhere across the globe, countries are reeling from the economic downturn. No country escapes this slump. Therefore, it is a pleasant surprise that…
Workplace Guide & SOP For Resuming Work & Business Operations After Malaysia MCO A Guide to SOP Required at the Work Place Once Operations Resume after MCO The Government has given the go-ahead for most businesses to resume work on 4 May 2020. They will need to abide by the Guide for Work Place…
Stimulus Package Introduced to Add Approximately 1.4% Points to Malaysia’s GDP Growth The Global Economy Is Taking a Hit, and The Introduction of This Package Will Change That Economies around the globe have taken a hit and the Malaysia Government hopes the new stimulus package will boost the country’s 2020 GDP growth. The package is…
Malaysia COVID-19: What Is the Government’s Advice to Businesses? Looking at The Impact on Businesses and The Malaysia Economy Uncertain times lie ahead amid the global economic uncertainty because of the virus pandemic. Here’s a look at the Malaysia COVID-19 situation and the Government’s advice to businesses. What the COVID-19 Means for Malaysia…
The Launch of SME Digitalisation Initiative A New Initiative for a More Digitised Future The Ministry of Finance (MOF) recently launched the SME Digitalisation Initiative. This initiative is a working collaboration between the Government (via MOF) and the following organisations: Bank Simpanan Nasional (BSN) SME Bank Malaysia Digital Economy Corporation (MDEC) Working together,…
Malaysia’s Exports Expected to Increase in 2020, According to Economists Country Expected to Record a Growth of 1.5% in the Export Sector Economists are predicting Malaysia’s exports will experience a 1.5% growth year-on-year this 2020, strengthened by its commodity-based sectors. Based on the latest trade figures for the country, it seems the trade sector is…
Phase One of the US-China Trade Deal Has Been Signed and It Looks Promising The top two economy powerhouses have been at trade disputes for a long time. The United States of America and China have had different views on trade relationships and this has led to significant trade tensions. They have been a tit…