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[Taxation] Economic Stimulus Packages in Malaysia

November 6, 2020

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.

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[Utilities] Economic Stimulus Packages in Malaysia

November 6, 2020

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.

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

August 22, 2020

The first economic stimulus package sought to alleviate the pandemic’s immediate impact upon the tourism industry. Incentives for the tourism industry

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

August 21, 2020

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.

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A Glimpse Into the New Limited Partnership Fund Ordinance (LPFO)

August 20, 2020

Hong Kong’s existing legislation for limited partnerships, the Limited Partnership Ordinance (“LPO”), has not been materially updated since its inception in 1912. It comes as no surprise that industry participants often regard the existing regime as outdated and insufficient to accommodate the operational needs of modern asset managers.

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Leveraging Government Incentives to Grow Your Manufacturing Business in Malaysia

August 19, 2020

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.

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The Practical Guide to Starting a Business in Malaysia

August 17, 2020

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 a company in Malaysia and a few points to note for good corporate governance.

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Spice up Your Business in Southeast Asia

August 12, 2019

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, Partners of corporate and commercial practice, who shared the economic incentives and practical tips for doing business in Malaysia.

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