Millions of Malaysians watched with anticipation earlier this evening listening to Prime Minister Datuk Seri Najib Tun Razak table The Malaysian Budget 2018. Prime Minister Datuk Seri Najib announced a 280 billion ringgit spending plan in the final budget before general elections.
If you did not have the chance to catch the live updates, click here to view the key highlights of the Malaysia Budget 2018.
KUALA LUMPUR, Oct 26 — The Dewan Rakyat yesterday approved the Employment Insurance System Bill 2017, which seeks to provide workers who lose their jobs with temporary financial assistance.
The Bill was passed with amendments after being debated by 14 Members of Parliament.
Human Resources Minister Datuk Seri Richard Riot when winding up the debate on the Bill said that through the insurance system, workers who lost their jobs would be given job training to return to work.
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The much-anticipated dialogue with the Director General of Immigration Department of Malaysia, Dato’ Sri Hj Mustafar Hj Ali was held over a networking lunch at the Westin Kuala Lumpur. A group of AMCHAM members, in an off-the-record session, had a chance to interact directly with the heads of Immigration’s Expatriate Services Division, Visit, Pass & Permit Division, Policy & Strategic Planning Division, Enforcement, Investigation & Prosecution Division and Foreign Division.
After warm acknowledgements by AMCHAM’s president, Ramzi Toubassy, the DG reiterated the importance of safeguarding sovereignty and security of the nation in all matters regarding immigration. His presentation outlined many of the measures taken since coming on board in August 2016. Digitalization efforts have been at the forefront of the Department’s current strategy and plans. The results which has provided for quicker and more efficient online services gave the members the confidence in the services managed by Immigration officials, this mobilization of employees.
A robust Q&A session followed demonstrating how beneficial this dialogue was for the members present, many left satisfied or had arranged for a follow up meeting for further action with the relevant officials.
AMCHAM would like to thank the Director General and his officers for their ongoing support and we look forward to continuing the dialogue and the effective working relationship between the Chamber and the Immigration Department.
Announced yesterday, October 24th, 2017, the Minister of Finance II, YB Datuk Seri Johari bin Abdul Ghani has provided ministerial exemption on the recent changes to the Withholding Tax on services performed overseas. The effective the date for the relief is 6 October 2017.
The exemption provides relief for services performed overseas, effectively rolling back the status to pre 17 January 2017. The law, however, will remain on the books.
The text of the exemption INCOME TAX (EXEMPTION) (NO. 9) ORDER 2017 can be found here:
WITHHOLDING TAX EXEMPTION
AMCHAM’s members’ contribution and passion were instrumental in pushing this through. We at AMCHAM would like to thank all our Members and other contributing individuals for all their help in working with the Chamber to, not only raise this issue but, for working alongside us on this urgent matter.Should you have any questions, please send us an email at [email protected]
KUALA LUMPUR (Oct 24): Malaysia’s land public transport sector is expected to accelerate the creation of some 100,000 technical and high-skilled engineering jobs with opportunities in complex, cutting-edge projects in the next decade.
Prime Minister Datuk Seri Najib Razak said they include projects such as the Kuala Lumpur-Singapore High Speed Rail (HSR), East Coast Rail Link (ECRL) and Rapid Transit System (RTS) apart from the Klang Valley Mass Rapid Transit (KVMRT) project now.
