ASEAN Briefing News

Insights into Malaysia’s Standing in the 2024 Emerging Asia Manufacturing Index

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The Emerging Asia Manufacturing Index 2024 report published by Dezan Shira & Associates provides insights into the factors that influence the manufacturing sector in emerging Asian countries such as Malaysia.

Malaysia’s Sales and Service Tax Increase: What Industries are Impacted?

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Malaysia has officially increased the sales and services tax rate from six percent to eight percent, which will impact several industries such as finance and leisure.

Malaysia’s Revised Residency Program: Tackling Cost Concerns

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Malaysia’s government revised its residency program, the Malaysia My Second Home program, and eased the requirements by which foreigners are eligible for the residency permit.

Unlocking Opportunities: Malaysia Removes Visa Requirements for Chinese and Indian Travelers

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Malaysia has removed visa requirements for Chinese and Indian travelers as the country aims to boost its tourism industry.

Malaysia Imposes Tax on the Import of Low Value Goods

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As of January 1, 2024, Malaysia has imposed a new 10 percent sales tax on the import of low-value goods sold online in the country.

Singapore and Malaysia Plan Joint Special Economic Zone in Johor State

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Singapore and Malaysia are partnering to create a special economic zone in Malaysia’s Johor state, adjacent to the Singaporean border.

Malaysia’s Semiconductor Sector Beckons Foreign Investors

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Malaysia wants to develop its semiconductor industry beyond assembly and testing into more value-added production such as integrated circuit design.

Promising Sectors for Investments in Malaysia’s Economic Corridors

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Malaysia’s economic corridors offer foreign businesses ample opportunities to invest in sectors that have transformed the country into a leading economic power in Southeast Asia.

Malaysia’s Budget 2024: Impact for Individuals

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Malaysia’s 2024 budget brings forth structural alterations that will notably impact businesses and individuals.

Malaysia’s Economic Corridors: A Guide for Foreign Investors – Latest Issue of ASEAN Briefing Magazine

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In this ASEAN Briefing issue, we outline Malaysia’s economic corridors, delve into investor incentives, and highlight promising sectors for investment within these corridors.

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