Malaysia’s economy has grown by 5.3% in the third quarter of 2024, following a 5.9% expansion in the previous quarter. This growth was fueled by strong investments and a steady improvement in exports. What Drove the Growth? Several factors were behind it, including: Investments on the Rise Spending on structures, Machinery and Equipment (M&E)…
Social and Economic Gains Drives Malaysia’s Wellbeing Index Up to 0.7% in 2023 Malaysia’s Wellbeing Index (MyWI) rose 121.3 points in 2023, thanks to its ability to adapt to a post-pandemic landscape. Transportation experienced the highest growth, with the new KTM Komuter stations playing a vital role in this. Similarly, the social sub-composite index…
The Minimum Wage Raise To Benefit Employers And Employees The Malaysian government recently announced that the minimum wage will be raised from RM1,500 to RM1,700 per month. The new minimum wage will take effect 1st February 2025. However, the effective date only affects employers with five workers or more. As for employers or businesses…
New Investment Incentive Framework Will Focus on High-value Investments In Malaysia’s recent Budget 2025, the Prime Minister introduced a new investment incentive framework to encourage high-value projects. He announced that the government will implement the framework in the third quarter of 2025 and offer tax breaks for exports of integrated circuit (IC) design operations as…
Public Holidays in Labuan for 2025 The Kerajaan Negeri Labuan has released the dates of 2024 public holidays happening in Labuan Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Labuan public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…
Public Holidays in Terengganu for 2025 The Kerajaan Negeri Terengganu has released the dates of 2025 public holidays happening in Terengganu Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Terengganu public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…
Public Holidays in Sarawak for 2025 The Kerajaan Negeri Sarawak has released the dates of 2025 public holidays happening in Sarawak. These dates may be modified if official changes are announced. Employers should be aware of the Sarawak public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process. …
Public Holidays in Sabah for 2025 The Kerajaan Negeri Sabah has released the dates of 2025 public holidays happening in Sabah. These dates may be modified if official changes are announced. Employers should be aware of the Sabah public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process. …
Public Holidays in Penang for 2025 The Kerajaan Negeri Penang has released the dates of 2025 public holidays happening in Penang Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Penang public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…
Public Holidays in Perak for 2025 The Kerajaan Negeri Perak has released the dates of 2025 public holidays happening in Selangor Malaysia. These dates may be modified if official changes are announced. Employers should be aware of the Perak public holiday to better manage business expectations and staffing requirements to ensure a smooth transitional process.…
