Malaysia in Lockdown – What You Need to Know

Malaysia is experiencing a dramatic surge in COVID-19 cases with over 8,000 cases per day recently, and with over 70,000 active cases nationwide. ‘Total lockdown’ Amidst a third wave of COVID-19, Malaysia is under its third round of movement control order (MCO 3.0) since 12 May 2021. In view of the new variant of COVID-19… Continue reading Malaysia in Lockdown – What You Need to Know

Malaysia Topping as Cashless Society and E-wallets

In the 21st century, Malaysia is seeing an emerging trend in digitalisation and e-commerce, also and to many as one of the revolutionary catalysts – ‘electronic wallets’ (e-wallets). It is a software-based system that securely stores users’ personal information, account details and payment information. Such information is encrypted and protected with a 24/7 fraud detection engine… Continue reading Malaysia Topping as Cashless Society and E-wallets

[Utilities] Economic Stimulus Packages in Malaysia

Rental Waivers or Reductions To reduce overhead costs, a 6-month waiver on rental payments has been granted on all premises owned by the Federal Government or their agencies. Similar waivers or discounts are granted to SMEs in the retail sector if they operate in premises owned by a government-linked company. Government-Linked Companies (GLCs) such as… Continue reading [Utilities] Economic Stimulus Packages in Malaysia

[Employment] Economic Stimulus Packages in Malaysia

Wage Subsidy Program The Wage Subsidy Program was introduced by the government under the second stimulus package to prevent large-scale retrenchment by funding a portion of the employees’ wages and to ensure that businesses remain sustainable. Available to all businesses regardless of nature or size, the government will contribute between RM600 and RM1,200 per month… Continue reading [Employment] Economic Stimulus Packages in Malaysia

[Taxation] Economic Stimulus Packages in Malaysia

The Inland Revenue Board of Malaysia has extended the submission deadline for a company’s income tax return form for the year of assessment (YA) 2019 whilst taxes which are due during the Movement Control Order period may be paid by or before 31 May 2020, without incurring any late payment penalties. Revisions to the estimates… Continue reading [Taxation] Economic Stimulus Packages in Malaysia

[Sector Focus: SME] Economic Stimulus Packages in Malaysia

One-off special grant It is proposed that micro-SMEs would be entitled to a special grant amounting to RM3,000. In order to enjoy the above special grant, the micro-SME must be registered with the Inland Revenue Board of Malaysia and a list of eligible micro-SMEs would be obtained from the Local Authorities and Companies Commission of… Continue reading [Sector Focus: SME] Economic Stimulus Packages in Malaysia

[Industry Focus: Tourism and Logistics] Economic Stimulus Packages in Malaysia

The first economic stimulus package sought to alleviate the pandemic’s immediate impact upon the tourism industry. Incentives for the tourism industry include: Double tax deduction on expenditure incurred on training courses for employees 6-month deferral on the payment of monthly income tax instalments 6-month exemption of the hospitality industry from Human Resource Development Fund levies… Continue reading [Industry Focus: Tourism and Logistics] Economic Stimulus Packages in Malaysia

Overview of Post-COVID-19 Economic Stimulus Packages in Malaysia

To date, three (3) economic stimulus packages totalling RM280 billion (USD63 billion) have been announced by the Malaysian government to mitigate the economic risks arising from the COVID-19 pandemic. This demonstrates the commitment of the government in prioritising the well-being of the Malaysian citizens while also ensuring the survival of businesses impacted by COVID-19. The… Continue reading Overview of Post-COVID-19 Economic Stimulus Packages in Malaysia

Leveraging Government Incentives to Grow Your Manufacturing Business in Malaysia

The global manufacturing industry has been developing rapidly in recent years, entering an era of “Industry 4.0” where digital transformation dominates production lines. Malaysia, ranking 17th in the Global Manufacturing Competitiveness Index 2016, is surely a significant player in the game. Since the manufacturing industry is a crucial drive of the country’s economy, the government has launched various incentives to draw and retain foreign investors. The Malaysian Investment Development Authority (MIDA) is the statutory body in charge of foreign direct investment and… Continue reading Leveraging Government Incentives to Grow Your Manufacturing Business in Malaysia

The Practical Guide to Starting a Business in Malaysia

Malaysia, as one of the most open economies in the world, emerges to be an ideal location for setting up a business. Strategically located in Asia, Malaysia has lower start-up costs compared to other Asia-Pacific countries, thus attracting increasingly more entrepreneurs to form their companies there. This article will outline some procedures for setting up… Continue reading The Practical Guide to Starting a Business in Malaysia

Spice up Your Business in Southeast Asia

In light of the rising economic openness of Malaysia, JC Legal joined hands with their associate partner firm in Malaysia to stage a fireside chat on the basics to establish and grow business presence in Southeast Asia. The seminar featured Malaysian lawyers Chai Chuan Long, Partner of real estate practice, Lew Choon Meng and Ong Yee Chee,… Continue reading Spice up Your Business in Southeast Asia

Hong Kong Law Firm JC Legal Celebrates First Anniversary – Principal Janice Chew: Go Global Further and Launch Legal Tech This Year

Hong Kong law firm JC Legal celebrated its first anniversary with business partners and clients last Friday (25 January 2019), thanking their trust and support over the past year. JC Legal specialises in corporate law, cross-border investment, commercial litigation and intellectual property, serving in eight jurisdictions around the world with a clientele ranging from listed companies… Continue reading Hong Kong Law Firm JC Legal Celebrates First Anniversary – Principal Janice Chew: Go Global Further and Launch Legal Tech This Year

Mastering the Game in Asia – Malaysia as an Export Hub

As the third largest economy in ASEAN in terms of GDP per capita in 2017, Malaysia has enjoyed close trade ties with Hong Kong over the years. Bilateral economic cooperation is set to strengthen with the advocacy of the Belt and Road Initiative promoted by the Chinese government starting from 2015, as the country falls… Continue reading Mastering the Game in Asia – Malaysia as an Export Hub