On October 25, 2013, Malaysian Prime Minister Najib Razak delivered his 2014 budget speech and made a bold announcement that a goods and services tax (GST) of 6% will be effective in Malaysia as of April 1, 2015. GST is considered necessary to tackle the country’s budget deficit and to provide a stable source of revenue to Malaysia and avoid...
I. INCOME TAX: Malaysia operates a self-assessment system of income tax. This requires taxpayers to be responsible for computing the correct amount of taxes as the tax returns filed are deemed to be the official notice of assessment. The Inland Revenue Board (IRB) through regular tax audits carries...
Universities in Malaysia have been given a key role in government plans to raise the country to developed-nation status by 2020. However, much more investment will be necessary if higher education institutions are to meet the targets the state has set.
Just as low-cost airlines helped broaden access to air travel in South-east Asia, Malaysian entrepreneurs now see a unique opportunity to provide quality health care to all citizens in ASEAN and beyond. One of the most ambitious and far-reaching projects in this sector is the proposed International Medical Campus (IMC) at Kuala Lumpur...
As Malaysia strives to achieve developed-nation status by 2020, the education sector is undergoing detailed improvement and development. Having launched its first blueprint in 2011, the Ministry of Education has recently drawn up plans for new reforms at all levels, in line with the country’s long-term development plan, the Economic...
Recently ranked among the top countries in the world for medical services, Malaysia boasts a strong health care sector backed by government investment and engagement with the private sector. A February 2014 review by International Living, a travel journal, gave Malaysia 95 out of 100 points for quality of care and expertise of...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×