MONEY ,FINANCE MALAYSIA

JACK MA IN MALAYSIA FOR DIGITAL PUSH DNEX (4456) one have to imagined that this USD$50 billion or at least initial $10 billion from all e-trades permits approvals generate from DFTZ/Alibaba when start in 2018 or early 2019 is COMPULSORY/MUST pass tru DNEX (4456) e-services software platform tat currently been authorized by Gov to integrates with most gov agencies to get each items/goods pass on from shippers to consumers.  Just 1 segment from IT can rake up 1000% folds profits, haven't count others segments like O&G, Hydro Energy, Foreign Workers Permit, VEP and RFID profits.   On March 22,  Prime Minister  Datuk Seri Najib Tun Razak officially launched the  Digital Free Trade Zone (DFTZ) , the first e-hub in the world that is established together with the Alibaba Group and the Malaysia Digital Economy Corporation (MDEC). The launch was done at the second Global Transformation Forum hosted by the Malaysian government. Present at the event was...

THOROUGH BREAD  ASIA ENGLISH TEACHER WE SALUTE WE SALUTE THE ASIAN ENGLISH TEACH JACK MA  #LAIAISA.FINACE Ma Yun, known professionally as Jack Ma, is a Chinese business magnate who is the founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses.  Born :  September 10, 1964 (age 52 years),  Hangzhou, China Nationality :  Chinese Net worth :  US$28.3 billion Spouse :  Zhang Ying Children :  Ma Yuankun Education :  Cheung Kong Graduate School of Business  (2006),  Hangzhou Normal University  (1988) HE CAN SPEAK HE CAN DO A MIRACULOUS RISE. Ma was born in  Hangzhou , Zhejiang Province,  China . Ma started to study English at a young age and practiced English daily by conversing with English-speakers at Hangzhou hotel, a 40 minute bike ride from his home. He would give them tours around the city for free...

#EVER GREEN BY#DAMARU In the meantime, CIMB Research said Evergreen has recently completed a placement of 10 per cent of new share capital with 51.3 million new shares were placed at RM2.05 per share to raise RM105 million in proceeds. Evergreen to benefit from multiple tailwinds   December 30, 2015, Wednesday quotes “Our group’s long-term direction is to diversify away from principally relying on sales of raw MDF boards by going downstream via value-adding and product differentiation. As our furniture offerings are made of panel boards, the completion of the particleboard plant will complement our efforts to expand our downstream ambitions as one of the major raw materials for our furniture products is particleboard,” he said.  Evergreen’s in-house production of intermediate products including the glue, MDF boards and particleboards gives rise to Evergreen’s position of being a true integrated producer from raw boards to boards with overlay and RTA furniture...

#Malaysia- company matters  # Damaru -Annual General Meeting Matters  Under the section 143(1) of the Companies Act 1965, all companies established in Malaysia is required to hold its first Annual General Meeting (AGM) within eighteen (18) months from the date of incorporation of the Company. Please refer to the  Inc Date  ( Incorporation Date ) of the companies as stated in the shelf companies list, you are fully aware of your responsibilities as directors of the company to hold the AGM within the 18 Months from the date of Inc Date, or within 6 months from the date of accounting year end, whichever earlier.

Does new Company need to pay income tax? Many of our clients has asked us this question after they have successfully registered their new company:  Are they required to pay any income tax for new company? The answer is NO! You do not need to pay income tax for registering new company! The company will only need to pay income tax if they are making profit from the sales that generated by the company. The tax requirements for new company are as follows: A company is required to furnish tax estimation (Form CP204) for the coming year to Inland Revenue Board (Income Tax Department or LHDN)  within the first 3 months  after the company has generated first sale! A company with paid-up capital less than RM2.5 Million is required to submit Form CP204 within the first year. A company will need to pay tax instalment payments to LHDN every month if a company forecast a profit in coming year’s operations. A company is required to submit Income Tax Return (Form ...

What are the advantages of having new sdn bhd in Malaysia? It is important to know the benefits and advantages of having new sdn bhd company  in Malaysia before making any decision. The following are the advantages of having new sdn bhd company in Malaysia:  Limited liability – personal wealth is protected You, as the shareholder, is the partial owner of the company (depending on your shares) and do not responsible or liable for any liabilities of the company. The worst case scenario is you will lose all of your capital invested in the company, nothing more than that. (unless you have given any personal guarantee to any liability of the company) As such, start  your business by registering new sdn bhd in Malaysia without risking your personal wealth and assets. Separate entity – Continuous existence A company has the same rights and obligations as a natural person and it can acquire assets, enter into contracts, sue or be sued. Its separate...

Major Problems Faced By Foreigners in #Registering Malaysia Company #DAMARU The major problems faced by the foreigners who intends to register company in Malaysia are as follows: You need at least 2 local directors to register company in Malaysia Foreign investors cannot open company’s bank account Foreign investors cannot apply business visa/working permit under new company Foreign investors may not able to increase his/her company’s paid-up capital Case Study: Take a look on situation faced by a foreign investor, Mr Gem. Gem was foreigner who carried only social visit visa and was in Malaysia for 3 weeks business trip. Local Directors He decided to get “help” from a local agent by fulfilling the requirement of “at least 2 local directors” in his company. He managed to register his company by holding 99 shares in the company, 1 share by a local director. Bank Issue However, he faced problem in opening the company’s current accounts with all banks in Mala...