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The Malaysian Budget 2021: Key Measures for SMEs, MSMEs and Entrepreneurs

A continuity from the economic stimulus packages, the Malaysian Budget 2021 is an expansionary budget worth of RM322.5 billion, the largest expenditure in the Malaysian history. Aiming to improve Malaysians’ welfare and rebuilding the Malaysia economy after an unprecedented pandemic, the Budget 2021 focus on three integrals goals, namely, Malaysians’ wellbeing, business continuity, and economic resilience.

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COVID-19 Act – Helps or hurts?

Introduction The Temporary Measures for Reducing the Impact of Coronavirus Disease (COVID-19) Act 2020 (“COVID-19 Act”) came into force in Malaysia on 23 October 2020. Some have commented: too little, too late. The long title of the Act states its purpose is to reduce...

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