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Encouraging women to consider entrepreneurship

Some of the invited guests and participants posing with a banner before the start of the seminar at Penang Harmony Centre. THE public, especially women, are encouraged to take a bold step in life by exploring available business opportunities around them. This was raised during a seminar on Empowering Women on Entrepreneurship at Penang Harmony Centre in Scotland Road, George Town. Participants listening intently to a talk at the Empowering Women on Entrepreneurship seminar. Invited speakers author Boonsiri Somchit, Pertubuhan Kebajikan Sneham Malaysia founder and director Datuk Dr Florence Sinniah, and DeliverEat founder and chief operating officer Leong Shir Mein shared their success stories.

File the right form and be aware of exemptions, taxpayers told

Peoples submit income tax submission before the deadline at LHDN office in Shah Alam (April 16,2021) - AZHAR MAHFOF/The Star PETALING JAYA: More than ever, this year’s tax relief measures offer a lifeline to many, especially since the Covid-19 pandemic has caused great upheavals and losses in the job market. With the deadline to file taxes fast approaching, tax experts are advising people to be aware of the relief they can claim for and the mistakes they should avoid. As of yesterday evening, the Inland Revenue Board (LHDN) had received 1.5 million tax return forms for individuals without business income, a 30% increase compared to the same time last year.

Fewer companies wound up in 2020 compared with 2019

SURPRISINGLY, fewer companies were wound up, either voluntarily or compulsorily, last year compared with 2019, even though the Covid-19 pandemic pushed Malaysia to its worst recession since the Asian financial crisis of 1997/98. Only 3,294 companies including limited liability partnerships (LLPs) were wound up in 2020, compared with 5,653 companies and LLPs the year before, despite the economic hardship resulting from the Movement Control Order (MCO). Companies Commission of Malaysia (SSM) CEO Nor Azimah Abdul Aziz said the MCO had not proved to be a major obstacle for businesses, especially LLPs. “The decline in closure of businesses and, especially, winding-up of companies could be attributed to the various forms of incentives provided by the government, including the SSM’s initiatives in helping business entities, especially small and medium enterprises (SMEs),” Azimah says in an email interview with The Edge.

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