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Service professionals still relevant


Service professionals still relevant
THE SUN
Malaysia is no exception that visualises industrialisation as a catalyst for economic development.
In his book on
The Conditions of Economic Progress published in 1960, Professor Collin Clark predicted that a nation would pass through three stages of economic progress.
As he wrote, “. as time goes on and communities become more economically advanced, the numbers engaged in agriculture tend to decline relative to the numbers in manufacture, which in their turn decline, relative to the numbers engaged in service”.
So far, the Malaysian economic progress has fitted well with Clark’s proposition. The period between 1958 and 1970 saw the dominance of the agriculture sector, which contributed to Malaysia’s economic development. ....

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Sabah to speed up road linkage and CIQS project at Kalimantan border


Sawit Kinabalu group managing director Bacho Jansie (left) exchanging documents with Sedia chief executive officer Datuk Hashim Paijan (right) that was witnessed by Chief Minister Datuk Seri Hajiji Haji Noor (centre).
KOTA KINABALU: Sabah is set to speed up work on the infrastructure needed at its south-eastern border with Kalimantan in anticipation of Indonesia moving its capital to Borneo.
Chief Minister Datuk Seri Hajiji Noor said the Federal Government had given the go-ahead for the state to construct a road to connect the borders of Serudong in Kalabakan (Tawau district) to Simanggaris in Indonesia s Kalimantan.
He said the Sabah Economic Development and Investment Authority (Sedia) has been directed to take the lead in developing Sabah’s side of the Malaysia-Indonesia regional border. ....

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Tax Measures Impacting Businesses in Malaysia for 2021


Tax Measures Impacting Businesses in Malaysia for 2021
Tax Measures Impacting Businesses in Malaysia for 2021
February 22, 2021 Posted by ASEAN Briefing
Written by
Ayman Falak Medina
Reading Time:
5 minutes
Malaysia’s government has issued several tax measures in its national budget that will impact businesses in 2021.
These tax measures are related to the extension of incentives introduced last year to mitigate the economic impact caused by the pandemic.
Malaysia’s government issued a variety of tax measures in its latest national budget that will impact businesses in 2021.
More than 322 billion ringgit (US$79.6 billion) has been allocated for Budget 2021, or 20 percent of GDP, the largest allocation in Malaysia’s history. The tax measures in the budget relate to the extension of incentives, such as tax holidays provided in the stimulus packages introduced throughout 2020 – ....

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