Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz has assured that there will be no changes in the prices of products in the industry sector when the sales and service tax (SST) is raised next year, but added that the ministry will continue to monitor the impact of the implementation on the sector.

"For any form of fiscal policy involving tax, there will always be something that the companies would have to incorporate as part of their business plan going forward.

"Whatever impact there is, that is why the prime minister excluded F&B (food and beverages sector) and also included the logistics sector. For the other sectors, we will see and monitor what transpires and what is the result of this decision," Tengku Zafrul told reporters at the sidelines of the Roundtable Dialogue discussing the New Industrial Master Plan 2030 (NIMP 2030) hosted by the Malaysian Industrial Development Finance Bhd (MIDF).

Tengku Zafrul said the government has a fiscal responsibility to increase its revenue, and that it is important for the industry to understand why Putrajaya is taking such a decision.

On behalf of our fellow bilateral Swedish Chamber of Commerce Malaysia (SwedCham), we would like to extend an invitation to our members to the upcoming Nordic Christmas Dinner & Dance.

Date: Saturday, 25 November 2023

Venue: Ritz-Carlton Kuala Lumpur

We would like to wish all our members, friends and connections a Happy World Food Day! 

“Safe food today for a healthy tomorrow”

Malaysians can expect good news for the country's 5G network implementation in tomorrow's 2024 Budget tabling, says Communications and Digital Minister Fahmi Fadzil.

He said the ministry had been working on special packages that could help more people to take advantage of the 5G network technology.

"There are various matters that the 2024 Budget will touch on. Specifically for the Communications and Digital Ministry, we hope there will be good news for the 5G implementation.

"As for other sectors and ministries, the government will look into issues such as cost of living, food supply chain, and food security such as the rice issue, for example," he said in a press conference after launching Malaysia's First 5G Autonomous Warehouse event at DHL Supply Chain, here.

Meanwhile, Fahmi said the government was also looking into the possibility of the Omnibus Data Act to coordinate government agencies and ministries in data management.

On behalf of our fellow bilateral chamber, Malaysian Dutch Business Council (MDBC) join us for the upcoming e-Invoicing Briefing with Deloitte, an insightful event on the future of Malaysia's digital economy!

To boost the digital economy, Malaysia is gearing up for a phased implementation of e-Invoicing. This strategic move aims to enhance tax administration management, ensuring efficiency and transparency. The shift to e-Invoicing will soon be mandatory based on annual turnover or revenue.

What's in it for you?

- Learn about e-Invoicing's role in the Twelfth Malaysia Plan

- Discover how it'll enable real-time validation and secure transaction storage

- Get insights into B2B, B2C, and B2G transactions

📅 Save the Date: Thursday, 19th October

🕒 Time: 09:15 AM - 12:00 PM

🏢 Venue: Menara Shell, 211 Jalan Tun Sambanthan, Kuala Lumpur 🇲🇾

We would like to wish all our Spanish members, friends, and connections a Happy National Day!

¡Feliz día de la Hispanidad!