Search result for: "MSMEs"


Malaysia Must Prepare For An Economic Slowdown

BANGKOK, Thailand: With the latest World Bank’s forecast warning that most economies will grow much slower in 2024 and 2025, Malaysia must be very cautious as the local economy is directly exposed to global events.
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Without Special Scheme For Micro-Businesses, E-invoicing May Backfire

KUALA LUMPUR, Malaysia: On 22 May 2023, the Inland Revenue Board of Malaysia (LHDN) announced that an electronic invoicing (e-invoicing) system will be implemented in stages starting from 2024. LHDN shared that a pilot implementation with selected companies will begin in April 2024, followed by mandatory implementation based on company’s annual revenue. The new scheme will target firms with revenues above RM 100 million per year from 1 August 2024, to be extended to firms with annual revenues above RM 25 million from 1 January 2025. Finally, from 1 August 2025 all firms will be subject to compulsory e-invoicing.
 
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Is Malaysia Ready For A Global Recession?

BANGKOK, Thailand: With the latest World Bank’s forecast warning that most economies will grow much slower in 2024 and 2025, Malaysia must be very cautious as the local economy is directly exposed to global events.
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APEC Pledges Greater Support for Small Businesses


SINGAPORE CITY, Singapore:APEC ministers renewed their commitments in promoting, prioritizing and empowering micro, small and medium enterprises (MSMEs) to thrive especially in fast-growing technology sectors as well as the blue and green sectors that are driving global growth.

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MEF’s Stand Against Minimum Wage Increases Is Nonsense

KUALA LUMPUR, Malaysia--A recent statement by Datuk Dr Syed Hussain Syed Husman, President of the Malaysian Employers Federation (MEF) in Bernama on Feb. 6 is neither surprising nor does it make sense. This article is a rebuttal of his points.
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Malaysia introducing Harsh New Equity Restrictions

Malaysian prime minister Ismail Sabri Yaakob announced in parliament, while launching of the 12th Malaysia Plan (MP12), that measures will be put in place to restrict the sale of sales in Bumiputera companies only to Bumiputeras. 

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