Malaysia’s Aerospace Industry
Malaysia has world-class infrastructure and is strategically located in the largest air travel market, making it a cost-effective location for aerospace projects. The Malaysian government considers the industry a catalytic high-value industry under its 11th Malaysia Plan (11MP) and beyond and has implemented the Malaysian Aerospace Industry Blueprint 2030 (MAIB 2030) to drive industry growth. […]
Guideline for Shipbuilding and Ship Repairing (SBSR) Incentive
In 2016, Malaysia introduced an incentive for the Shipbuilding and Ship Repairing (SBSR) industry with the aim of encouraging industry players to build their capabilities and capacities to meet the ever-challenging and competitive global landscapes. The incentive was set to expire, but it has been extended until 31 December 2022 to drive investments in the […]
BioNexus Status 3.0 Framework Guideline
BioNexus is a special status awarded to qualified international and Malaysian biotechnology companies. The status bestows fiscal incentives, grants and other guarantees to assist growth. This status is awarded to qualified companies undertaking biotechnology activities. BioNexus 3.0 Framework: Continuous changes Throughout the previous 2 phases of the National Biotechnology Policy (NBP), BioNexus Status was reviewed […]
The Guidelines for Applying for the Special Tax Incentive to relocate businesses to Malaysia
The Government announced the Special Tax Incentive (for the Company) through the announcement of PENJANA on 5 June 2020. The main objective of this incentive is to attract investors to relocate their businesses to Malaysia by addressing the risk of re-shoring. Under Budget 2021, the Government has announced the Special Income Tax Treatment (for Individuals) […]
Understanding the Legal Aspects of Employee Retrenchment in Malaysia
Employee retrenchment is a sensitive issue that requires careful consideration of various legal aspects. In Malaysia, the process of retrenchment is governed by both statutory and common law principles. In this article, we will delve into the legal framework surrounding employee retrenchment and explore the key considerations that employers must take into account before proceeding […]
Protecting the Rights of Probationary Employees: Lessons from a Landmark Case in Malaysia
While probationary employees have fewer rights than permanent employees, they still have certain legal protections. For example, probationary employees are entitled to: If a probationary employee feels that their rights have been violated, they may be able to file a complaint with the Industrial Relations Department or the Labour Court. But the chances of winning […]
New Government Takes a Stand: Service Tax on Delivery Services on Hold
The Malaysian government has further postponed implementing a service tax on goods delivery services until a later date to be announced. Initially proposed in Budget 2022, the tax excludes food and beverage delivery and logistics services. The Royal Malaysian Customs Department deferred the tax until 1 January 2023, but the Prime Minister and Finance Minister, […]
Low Carbon Mobility Blueprint 2021 – 2030
The Low Carbon Mobility Blueprint 2021-2030 aims to assess the best options for energy and GHG mitigation planning in the transport sector, particularly land transport, using scenario analyses of a business-as-usual case and similarly for 2030. Download Our website’s articles, templates, and material are solely for you to look over. Although we make every effort […]
National Energy Policy 2022 – 2040
The energy sector, which acts as the main driver of growth for the Malaysian economy, and energy-intensive industries contribute 28 per cent of the Gross Domestic Product (GDP) and account for 25 per cent of the total workforce. In addition, the energy sector is also a key source of national income, with petroleum-related income contributing […]
Malaysia’s Plastics Sustainability Roadmap 2021 – 2030
Align with the sustainable development agenda, Malaysia is moving towards plastic circularity to close the waste loop and protect the environment. Shifting from a linear to a circular economy for plastics is crucial to decoupling Malaysia’s growth from environmental degradation and will help ensure a more sustainable way of life for future generations. This Malaysia […]
