Manufacturers in Malaysia Are Urging Putrajaya to Reinstate GST and Prioritise Economic Recovery Given the weak domestic and external environments caused by Covid-19, priority should be given to strengthening the economy and restoring more favourable business conditions. This is according to the Federation of Malaysian Manufacturers (FMM). This situation is concerning because the debt servicing…
SME Association Against Suggestion to Implement GST in 2022 Malaysia’s SME Association is against the suggestion to implement the Goods and Services Tax (GST) in the year 2022 at the proposed rate of 4%. The Association believes that this will disrupt business operations and affect business recovery costs. While the GST system is better than…
Growing Ecosystems to Attract Investments Remains Aim of Malaysian Government and Its Agencies Creating and growing ecosystems to attract investments are crucial to national growth. The National Fourth Industrial Revolution (4IR) Policy – the latest strategy from the Malaysian Government – is set to drive digitalization. In line with this plan, the Prime Minister’s Department…
Malaysia Creates 320,000 Jobs via PenjanaKerjaya 3.0 The National Employment Council (NEC) rolls out its latest initiative as Malaysia creates 320,000 jobs. The Malaysian Government is pushing new initiatives to ensure that the nation weathers the economic fallout from the global pandemic. The Ministry of Finance (MOF) reports that the National Employment Council (NEC) is…
Final Revisions for Malaysian Sustainable Palm Oil Certification Standards Malaysian Sustainable Palm Oil certification will focus on sustainability requirements and practices. The Malaysian Sustainable Palm Oil (MSPO) certification standards are wrapping up the final revision stage. As a national certification scheme for palm oil, MSPO will introduce new standards and criteria. These specifications feature sustainability…
Single-origin Premium Quality Cocoa Beans to Be Synonymous With Malaysian Production Malaysia is seeking prominence as a producer of single-origin premium quality cocoa beans. The Malaysian Ministry of Plantation Industries and Commodities (MPIC) is implementing pivotal strategies to boost cocoa bean production. The aim is to position Malaysia as a top producer of single-origin premium…
Malaysia’s Small Entrepreneur Digitisation Empowerment Programme Targets Microenterprises Pupuk Malaysia or the Small Entrepreneur Digitisation Empowerment Programme seeks to onboard 1,000 micro-entrepreneurs by December 2021. The Malaysian Communications and Multimedia Commission (MCMC) will be leading Malaysia’s newest micro-entrepreneurs empowerment programme. The Small Entrepreneur Digitisation Empowerment Programme (Pupuk) will select 1,000 micro-entrepreneurs to participate in the…
Malaysia’s Growth in Domestic Tourism Reaches Record ASEAN High in H2 2020 The second half of the fiscal year is indicative of the high potential of Malaysia’s growth in domestic tourism. Malaysia is on track to an upbeat recovery in its domestic tourism and leisure sector. Capping the ASEAN market, Malaysia’s growth in domestic tourism…
RM80.6 Billion Approved: Investment, and It’s Rise in Malaysia 2021 Investment is all about putting your money in the right place and time for maximum results. This undoubtedly requires keen attention to the development of the global economic climate. One may also need to have the ability to predict if a particular investment will pan…
Malaysia’s Unemployment Rate Dips to 4.6% in April 2021 In light of the COVID-19 pandemic, many countries commenced self-imposed quarantine on their citizens. As a result, restricting the movement meant that certain economic sectors will have to temporarily be shut down. Some businesses suffered monetary loss and had to resort to cutting down staff. Without…
