Small Business Trends & Insights

Learn about the trends and insights affecting the small business landscape.

Malaysian manufacturers back PM’s call to cease use of foreign worker recruitment agents at source country

The Federation of Malaysian Manufacturers (FMM) fully supports the call by Prime Minister Datuk Seri Anwar Ibrahim for the Ministry of Home Affairs to cease the use of foreign worker recruitment agent…

Knowing cross-border tax issues for 2023

The largest tax reform in history is coming to town. GMT is applicable to multi-national companies operating in at least two jurisdictions, with an annual consolidated group revenue of at least $750m…

FMM urged Putrajaya to reintroduce GST in 2024

FMM president Tan Sri Soh Thian Lai said the GST can be introduced at a rate that would not burden the rakyat and still widen the revenue base to enable a faster reduction in the country's fiscal defi…

B2B vs B2C vs D2C: How Business Models Differ and Why It Matters for Your SME

Knowing the definition of B2B, B2C, and D2C business models helps you get the big picture of what your venture will become. But if you’re still on the fence about which model is the best for you, read…

The Gateway to Business Digitalisation via 100 Go Digital by MDEC

100 Go Digital Coaching is part of MDEC's continuous efforts to provide hand-holding support on digitalisation for SMEs. It is a series of coaching workshops helping SMEs level up their businesses via…

How to generate VA Number for Income Tax Payment?

e-Telegraphic Transfer (e-TT) system was introduced by Inland Revenue Board of Malaysia (IRBM) from 1 April 2022 to facilitate tax payment for several types of income tax using the Telegraphic Transfe…

Outsource Your Payroll

For many businesses, payroll services offer an attractive and valuable alternative to in-house processing. Chosen correctly, they provide a less expensive, simpler means of paying your employees, fili…

2% cut in tax rate will help micro SMEs, says business chamber

Tax cuts for micro small and medium enterprises (MSMEs) next year will help ease their cost of doing business, says Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president …

Top 5 Small Business Trends & 2023 Projections

As the end of the year approaches, it’s a good time to take stock: How did your business do in 2022? What changes do you want to make? And what new trends or ideas should you incorporate into your bus…

5 Work and Business TrendsYou Need to Know for 2023

It’s never too soon to start thinking about what’s coming next. The way we work has changed radically over the last few years, and in ways few could have predicted. Are these changes here to stay, or …

Malaysian SMEs oppose 4-day workweek

A four-day work week is not practical as Malaysia is currently facing low productivity and labour problems, businesses argue. 

Application, stamping fees for individual documents can be made via STAMPS from April 27

KUALA LUMPUR (April 23): Application as well as stamping fees for individual agreement documents can be submitted fully online via the Stamp Assessment And Payment System (STAMPS) from April 27.

Red alert for traditional banks

A total of 57 per cent of Malaysia’s SMEs that participated in the FICO survey, expect to take up new or alternative borrowing products in 2022 amid issues with traditional banks such as lack of trans…

Malaysia’s digital challenges

Amid sluggish digitisation rates among businesses, Malaysia steps up efforts to create a more resilient digital economy.

Business sentiment positive but SMEs still need aid – Survey

POSITIVE business sentiment recorded in the country amid the opening of the economy, according to Business Confidence Index (BCI) Survey for first quarter of 2022 by the RAM Holdings Berhad- CTOS Data…

Alternative fundings key to support growth of innovative firms, promote financial stability: Bank Negara

Beyond bank financing, alternative sources of financing and financial instruments are key to support the growth of innovative firms and promote longer-term financial stability, Bank Negara Malaysia sa…

14 Individual income tax reliefs you can take advantage of for the year of assessment 2021

There are personal reliefs that every taxpayer in Malaysia can deduct once their income reaches the chargeable income level. In addition, there are other reliefs that you can deduct from your chargeab…

More Malaysian companies encourage remote working on increased cloud adoption

A SURVEY conducted by cybersecurity company Palo Alto Networks Inc finds that 68% of Malaysian organisations accelerate the remote workforce, followed by increased investment in mobile applications, c…

Domestic business activity levels to increase in the next 12 months, Hays Asia survey show

Half of the employers surveyed plan to increase their permanent headcount in the next twelve months and are implementing candidate attraction tactics like increasing compensation.

18 Individual tax reliefs that you should claim of for YA2021

Tax reliefs allow you to reduce your chargeable income (your income that will determine what tax rate you are charged with). Here are the full details of all the tax reliefs that you can claim for YA …

Resetting Malaysia

The 12th Malaysia Plan highlights the need to reform and do things differently. The themes of the plan, including “Resetting the Economy”, “Strengthening Security, Wellbeing and Inclusivity”, and “Adv…