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In a significant move that outlines the nation’s economic priorities for the rest of the decade, Malaysia’s Ministry of Entrepreneur and Cooperatives Development (MECD) has officially launched the National SME Policy 2030. This comprehensive roadmap provides a clear vision for the future of Small and Medium Enterprises (SMEs), aiming to create a more resilient, innovative, […]
In a major boost for Malaysian small and medium enterprises (SMEs), Bank Negara Malaysia (BNM) has just announced the establishment of a new RM2 billion financing facility. Named the “SME High-Tech and Green Transition Facility,” this fund is designed to provide affordable financing to businesses looking to adopt modern technology and sustainable practices. This initiative […]
In a landmark announcement this week, Malaysia’s Ministry of Human Resources has unveiled plans to launch a “Progressive Wage and Work-Life Balance Pilot Program,” which includes a structured trial for a four-day work week. The initiative, set to begin in the fourth quarter of 2025, is designed to study the impact of condensed work schedules […]
The Social Security Organisation (PERKESO / SOCSO) has released an important circular announcing an increase in the maximum insurable salary for both the Social Security (SOCSO) and the Employment Insurance System (EIS) schemes. Effective from the September 2025 salary (for the October 2025 contribution month), the insurable monthly salary ceiling will be raised from the […]
On June 21, 2025, the Companies Commission of Malaysia (SSM) released an important announcement, launching its latest “Business Digitalization Program 2025” (Program Pendigitalan Perniagaan 2025). This new initiative explicitly states that digitalization is the core for boosting performance in the distribution trade sector. This is not just a government agenda; it is a critical signal […]
In Malaysia, leasing is a common way for businesses to acquire equipment, vehicles, and commercial spaces. However, with the recent expansion of Service Tax (SST), a critical question has emerged for all business owners: Is your lease agreement subject to the 8% service tax? The answer depends entirely on the type of lease you have. […]
In a major policy update affecting employers nationwide, the Human Resource Development Corporation (HRD Corp) has announced an increase in the mandatory levy contribution rate. Effective from the August 2025 salary (for the September 2025 contribution month), the mandatory levy rate will be raised from the current 1.0% to 1.5% of the employee’s monthly salary. […]
In a significant development for Malaysian businesses, the Ministry of Finance today, on June 27, 2025, released a press statement detailing a major review of the Sales and Service Tax (SST) framework. The announcement introduces new sales tax exemptions on essential goods, a substantial increase in the service tax threshold for specific industries, and a […]
Since the service tax rate was adjusted to 8%, one of the most talked-about topics among Malaysian business owners has been its application to commercial property rentals. Are you a landlord unsure if you need to charge Service Tax (SST)? Or are you a tenant wondering if the 8% charge on your rent is correct? […]
The Employees Provident Fund (EPF/KWSP) has officially announced that a significant new policy will soon take effect. Under this new regulation, mandatory EPF contributions will be extended to include all non-Malaysian employees working in Malaysia. This policy is being implemented to strengthen social protection for all workers and promote a more equitable labour market. This […]