Steps to Start Your Small Business in Malaysia Do you have a burning desire within you to break free and start something new? Starting a new business is something a lot of people have thought about, some went on to do it, while some chose to remain in their jobs because of the stability, predictability…
How to Start a Business in Malaysia If starting a business in Malaysia is something you’ve always had on your mind, there’s no better time than right now to do it. And when you are ready to begin your new venture, the first thing you’re going to be thinking about would be where should I…
IT Companies in Malaysia Malaysia was generally known as a country focused on plantation, for the most part. Palm oil and rubber were the country’s major exports and the nation was highly dependent on these commodities. But in 1991 the former Prime Minister of Malaysia, Datuk Seri Dr. Mahathir bin Mohamad initiated Wawasan 2020 during…
XBRL in Malaysia Extensible Business Reporting Language, which is also known as XBRL, is an electronic language designed to enable the automation of business information requirements, i.e. the preparation, sharing and analysis of financial reports, statements, and audit schedules. Governments, regulators, and other organisations in many nations have adopted XBRL as it automates the process…
How to Start your Business in Malaysia Over the years, Malaysia gained its traction as the ideal gateway connecting ASEAN markets due to the strategic location at the crossroad of Southeast Asia. Apart from that, the Malaysian government welcomes foreign investors with its vibrant investment climate. Though starting a business from scratch sounds challenging, we…
How Employment Insurance Scheme (EIS) Will Affect You When your January payslip arrive, do you have a clue what all the figures, especially ESI, mean? The Malaysian government has launched the Employment Insurance Scheme (EIS) on 27 October 2017. Administered by the Social Security Organisation (SOCSO), the EIS will be implemented from January 2018 onwards…
Unlawful Dismissal and What You Should Know Though the concept of unfair dismissal or unlawful termination is not new in Malaysia, there have been numerous misconceptions about it. Though there has been increased awareness about the rights of employees in Malaysia, many still remain unclear. Below are several salient points on the matter. Limitation…
The Advantages & Disadvantages of GST in Malaysia The Goods and Services Tax (GST) has been in effect for a while now in Malaysia. The GST is basically a form of taxation system imposed by the government where there is a single tax in the economy that is placed upon goods and services offered. The…
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