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News (459)

SERDANG, Aug 12 (Bernama) -- The government is looking at tabling the supplementary budget next week, said Prime Minister Tun Dr Mahathir Mohamad. “We will look at that,” said Dr Mahathir when asked by reporters if the government would be tabling the supplementary budget next week after visiting an art exhibition 'Tun M: A Forever Legacy' at the Perdana University here today. 

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KUALA LUMPUR, Aug 12 (Bernama) -- The pressure on house prices, industrial and commercial buildings is expected to ease off with the abolition of the Goods and Services Tax (GST) and exemption of some building materials from the Sales and Services Tax (SST), Finance Minister Lim Guan Eng said.

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KUALA LUMPUR: The labour force in Malaysia increased 2.4% to 15.28 million persons in the second quarter of 2018, as compared to the same quarter in 2017. "The employed persons also recorded an increased of 2.4 per cent in the same period to 14.77 million persons," said Datuk Sri Dr Mohd Uzir Mahidin, Chief Statistician of the Department of Statistics, Malaysia.

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KUALA LUMPUR: MIDF Research said the re-implementation of the Sales and Services Tax (SST) will not deter domestic consumption in Malaysia.  “As compared to GST, SST does not affect consumers directly, but via manufacturer and service provider.  “Solid economic fundamentals in the Malaysian economy particularly the stable labour market, moderating inflationary pressure and upbeat industrial activity will continue support the domestic demand to stay robust,” the research house said on Friday.

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KUALA LUMPUR, Aug 9 (Bernama) -- The Entrepreneur Development Ministry will implement a rationalisation process on all agencies engaging with entrepreneurs and small and medium enterprises (SMEs) to avoid duplication and financial wastage as well as reduce bureaucracy.  Deputy Minister Dr Mohd Hatta Md Ramli said the establishment of Bumiputera entrepreneur development units in all ministries had seen the creation of 120,625 Bumiputera entrepreneurs from 2014-2017 or 30,000 a year “In 2015, out of 920,624 local SMEs, 354,699 or 38.5 per cent were Bumiputera companies. 

 

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KUALA LUMPUR, Aug 7 (Bernama) -- The Government will increase the annual sales threshold for eligibility to register for the Sales Tax to RM500,000 annually under the Sales and Tax Service Tax (SST) from RM100,000 previously. Finance Minister Lim Guan Eng said the annual turnover threshold of RM500,000 would also apply to manufacturers who carried out sub-manufacturing activities, for which the annual sales threshold was at RM20,000 before.

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IPOH, Aug 7 (Bernama) -- Investments worth RM249.8 million has been approved in Perak in the first quarter (Q1) of this year, based on the latest information from Malaysian Investment Development Authority (MIDA). State Investment and Corridor Development Committee Chairman Datuk Seri Mohammad Nizar Jamaluddin said out of the total, some RM235.7 million was from local investments while the remaining RM14.1 million constituted foreign investments.

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KUALA LUMPUR, August 6 (Bernama) -- The government will continue to take proactive measures to increase foreign direct investments (FDI) by giving more attention to high-quality investments which can stimulate the economy. Deputy International Trade and Industry Minister Dr Ong Kian Ming said as a country moving towards developed nation status, focus would be given to high-quality and high-technology investments, as well as reducing the dependency on foreign labour. 

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IN EFFORTS to accelerate the growth of equity crowdfunding (ECF) in Malaysia, Ata Plus recently launched its Discourse Series to provide an avenue for entrepreneurs, investors and other players in the ecosystem to interact and exchange viewpoints.

“The ECF industry is still in nascent stage of development, and such initiative, not only helps raise awareness and understanding, but also improves the effectiveness and efficiency of the industry,” said Kyri Andreou, co-founder and director of Ata Plus.


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Isnin, 06 Ogos 2018 09:53

New incubator for the F&B industry

GALEEVEURS Group recently launched Malaysia’s first integrated F&B incubator ecosystem to help groom and build the next generation of F&B operators.

“By positioning ourselves as the first integrated F&B incubator ecosystem, we hope that F&B legacies will be sustained using this ecosystem,” said Datuk Henry Lee, founder and chief executive officer of Galeeveurs Group.

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