Exploring Hong Kong Market

The Hong Kong market presents many business opportunities for Malaysian F&B exporters. Although Hong Kong is a highly competitive market, there is an increased demand for Malaysian products. There is also a growing interest in the halal industry in Hong Kong, with more halal products being made available to attract Muslim visitors to the city. […]

CPTPP Will Boost Malaysia’s Trade Industry

The Cabinet of Malaysia has agreed to ratify the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) on September 30, 2022. The CPTPP will come into force on November 29, 2022, sixty days after the ratification submission. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement between Australia, Brunei, Canada, […]

Strengthening / Supporting Trade Including Domestic Trade

i. Increase ceiling of Market Development Grant to RM500K ii. Reinstate Brand Promotion Grant to complement M’sian brand promotion efforts iii. Conclude Regional Comprehensive Partnership Agreement (RCEP) and implement Free Trade Agreements (FTAs) which have been signed such as the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) in order to provide market access for Malaysian exporters. iv. Explore non-traditional markets including the Middle […]

Strengthening SME and Entrepreneurship

i. Industrial Linkage Plan (ILP) should be a major project to support the recovery and strengthening of the SMI supply chain. •Specific allocations should be given to MIDA to implement the ILP aggressively; •Tax incentives such as lower corporate taxes or possibly, assurance of market access through government & GLCs procurement and MNCs to encourage large companies to participate […]

Driving Business Transformation, Technology and Digitization Adoption, Productivity Enhancement and Innovation

i.Support for Research and Development (R&D) by removing the RM50,000 threshold and the time bar and extend the AUTOMATIC double tax deduction to all companies including mid-tier and larger companies given their potential to spur innovation and creativity. ii.Allocate RM100-200 million to set up a Future Manufacturing Fund to support R&D work and implementation of R&D by universities and key engineering […]