SME News
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2023-10-09
Sarawak stands to gain more if cabotage policy abolished, says association
KUCHING, Oct 9 — Sarawak Manufacturers Association (SMA) is hoping that the cabotage policy would be abolished so that the state’s economy would improve. “If there’s no more national cabotage, manufacturing inputs would be ...
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2023-10-09
Don’t ban TikTok Shop yet
PETALING JAYA: Ecommerce sellers want the government to help them sell their products at major retail outlets before it considers a ban on TikTok Shop. They say this is because such online trading platforms have helped many individuals and micro, ...
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2023-10-09
NIMP 2030: Digitalisation vital for smart factory realisation
The manufacturing sector in Malaysia is currently in a transitional phase between Industry 2.0 and 3.0 of the Industrial Revolution. The country’s technology infrastructure is already advanced and mature, but digital adoption by small and mediu...
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2023-10-09
Tax Governance Framework in Malaysia: Moving Towards Sustainability and Value Creation
The Malaysian Inland Revenue Board (IRB) identified approximately 31,000 potential tax evaders and estimated tax losses of RM665 billion shouldered by the Malaysian government in June 2022. Additionally, the IRB, through Op Saji, detected tax evas...
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2023-10-09
SMEs hope for 2% tax cut in 2024 budget
GEORGE TOWN: Groups representing over 20,000 small and medium enterprises (SMEs) hope the 2024 budget will provide a 2% cut on company tax, allowing funds to be freed for reinvestment in their businesses. William Ng, chairman of the Small and Medi...