Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
KUALA LUMPUR: The Government will set up a special economic committee to ensure that Malaysia maintains its economic growth momentum, says Prime Minister Datuk Seri Najib Tun Razak.
"The committee's objective is to ensure Malaysia maintains the growth momentum that we have built since 2008, generating prosperity and higher quality of life for all Malaysians.
"The details of this will be announced shortly," he said at the launch of the National Tax Conference 2015 here on Tuesday.
Najib said economic growth in the past has been strong and that the Government is determined to see the record was maintained.
In light of the current uncertain and challenging times, Najib said he was very aware of the state of the domestic economy, as well as the current global economic and financial developments and sentiment.
"The governor of our central bank and the Securities Commission chairman briefed me recently," he said, adding that he was frequently updated by representatives from the broad section of the economy.
"Last week, I met chief economists and analysts from local and foreign financial institutions and yesterday (on Monday), our business and corporate leaders," he said. "These meetings will continue in the coming weeks."
Meanwhile, the two-day conference was co-hosted by the Inland Revenue Board of Malaysia (LHDN) and the Chartered Tax Institute of Malaysia.
Najib said the board had set new records in terms of tax collection over the past four years.
"From RM110 billion in 2011 to RM125 billion in 2012, RM129 billion in 2013 and RM134 billion in 2014. This is indeed a remarkable achievement.
"In view of its sterling record, I have every confidence that for the period of the 11th Malaysia Plan, LHDN will succeed in collecting a total of RM871 billion," he said.
Najib also emphasised that Malaysia's economic fundamentals remained strong.
"We recorded a growth of 4.9% in the second quarter of 2015," he said. "We have also diversified our economy, making it stronger."
The prime minister said Malaysia's economy also continued to record trade and current account surpluses.
"The country's labour market conditions are stable with unemployment at 3.1% as of May 2015 and inflation remains low," he said.
The resilience of Malaysia's financial system also remained intact, said Najib.
"The domestic financial market continues to function in an orderly manner and financial intermediation activities continue to function efficiently to support the financial and financing needs of the domestic economy," he said. - Bernama