The Finance Ministry announced that starting from June 1, 2018, the Goods and Services Tax (GST) will be zero-rated for all goods and services in Malaysia until further notice.
In a statement today, the ministry said the move does not include the goods and services listed in the Goods and Services Tax (Exempt Supply) Order 2014, which will remain exempted from GST.
The National ICT Association of Malaysia (PIKOM) unveiled its inaugural SEA Dragon Venture Platform recently,aimed at connecting scale up companies in Malaysia and across the South East Asia region with global venture capitalists, corporate investors and high net-worth individuals.
PIKOM Chairman Ganesh Kumar Bangah said that the association’s latest industry initiative stems from the fact that lack of funding and lack of public exposure are some of the biggest hurdles faced by companies in the scaleup stage.
ASEAN need to intensify the intra-ASEAN skilled labour mobility in the near term, as well as implement urgent education reforms and workforce reskilling agenda in the long-term to remedy the extreme skills deficit, accentuated by the skills demand brought upon by the rapid digital revolution.
Although the ASEAN Economic Community (AEC) has envisioned for the free movement of skilled labour and business visitors within the bloc, current arrangements are considered to be narrow in scope. The lack of true intra-ASEAN skill labour mobility within ASEAN would mean that skill gaps in ASEAN cannot be filled by talents from within the economic community.