Dear Valued Customers,
We would like to kick off September’s exciting updates by wishing all Malaysians a very Happy Malaysia Day!
Celebrating the Establishment of the Malaysian Federation
This year’s celebrations might be different due to COVID-19, but it is still an occasion to remember. On 16 September, we celebrate the founding of the Malaysian Federation. This year’s theme of Malaysia Prihatin (Malaysia Cares) is the same as Merdeka Day. It is a theme to honour the nationwide efforts by all Malaysians to battle the impact of the ongoing pandemic.
Key Economic Sectors Are Recovering
September is looking good for Malaysia. In recent weeks, three of Malaysia’s important economic sectors, Agriculture, Construction, and Manufacturing have shown definite signs of recovery. Adding to this great news, unemployment rates in Malaysia have gone down. More improvements are expected as we head towards the end of the year.
2020 Q1 Sees RM37.4 Billion Worth of Approved Investments
The Malaysian Investment Development Authority (MIDA) has approved RM37.4 billion worth of investments in the 1st quarter of 2020. RM26.3 billion stems from domestic investments, while the remaining balance is from foreign sources. Manufacture, Services, and Primary (mining, plantation and commodities, and agriculture) are the primary domestic sectors that have contributed the most to these investments. Malaysia has plans to jumpstart the economy by not only retaining but by attracting new investors as well.
Join me at Capbridge Wealth Management Webinar
I’m excited to be invited to speak at the Capbridge Wealth Management webinar on 16 September 2020 (Malaysia Day). The focus of this year’s webinar is Navigating the New Norm: Strengthening Cash Flow and Access to Capital. I’m thrilled to be able to share tips on forecasting and optimizing cash flows. So join me to learn more about the future for capital access and the benefits of SME direct listing, private listing and exits.
Until next month, stay safe, and a very Happy Malaysia Day 2020!
Thank you.
Lawrence Chai
Founder, 3E Accounting Group
Read More in our E-Newsletter September 2020.
