By Dezan Shira & Associates Editor: Vasundhara Rastogi On October 27, 2017, Malaysia’s Prime Minister Najib Abdul Razak tabled the country’s much anticipated 2018 budget. The new budget is in line with the government’s agenda to achieve Transformasi Nasional 2050 (TN50) or National Transformation 2050; TN50 is a 30 year-plan,first introduced in the budget 2017,that aims to make Malaysia one of the world’s top 20 countries by 2050. Termed as a generous and people friendly budget, the proposed allocation for 2018 stands at RM280.25 billion (US$66.3 billion) – a rise of 7.5 percent from 2017. The Malaysian government has proposed several tax incentives for investors and venture capital firms in the 2018 budget. In this article, we look at the salient features of the budget and their implications for businesses. RELATED: Corporate Establishment Services from Dezan Shira & Associates Corporate tax and tax incentives Capital allowance for ICT ... » Learn More about Malaysia’s 2018 Budget: Salient Features – ASEAN Business News
By Vasundhara Rastogi Phnom Penh, once known as the ‘Pearl of Asia’, is the capital and largest city of Cambodia. Located at the confluence of three major rivers – the Mekong, the Tonle Sap River, and the Bassac River -, the city serves as Cambodia’s major economic, business, and trading destination. Though the city is located 120 miles away from the sea, its proximity to the Mekong river valley makes it an ideal port – connecting the landlocked region to the South China Sea via Vietnam by the Hau Giang channel of the Mekong Delta. Phnom Penh is home to 1.5 million people, and serves as a major global and domestic tourist destination in Cambodia. Khmer, the most popular and official language of the country is the main language; English and French are also widely spoken. RELATED: Pre-Investment and Market Entry Advisory from Dezan Shira & Associates Regional connectivity Since the end of Cambodia’s civil war in 1975, the city has undergone rapid development in ... » Learn More about Investing in Cambodia’s Phnom Penh – ASEAN Business News
LICENSED auctioneers nationwide are urging the Federal Government to review and improve the e-Lelong system which has taken a toll on their livelihoods. Muzakir Mansor, an action committee member representing state auctioneers, said their livihoods had been severely affected by the implementation of the e-Lelong system following the discontinuation of their duties to help conduct public auctions. “We do not oppose the e-Lelong system as we just want to be part of it. “We hope the Federal Government will heed our plight and improve the existing system by involving us in it,” he said in a press conference at Eastern and Oriental Hotel in Lebuh Farquhar, Penang, yesterday. Muzakir, who is also Penang Auctioneers Association chairman, was there to hand over a memorandum to Mohd Abdul Rahman Ismail, who received it on behalf of the Yang di-Pertua Negri Tun Ahmad Fuzi Abdul Razak. Mohd Abdul is Ahmad Fuzi’s private secretary. The e-Lelong system, the first in Malaysia, was ... » Learn More about ‘Let us be part of e-Lelong’
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Changi Mobile, a mobile service under Changi Recommends, is offering several mobile plans including the "Flexi Best" plan that boasts 40GB of data, with 300 minutes of "talktime" and 300 messages, at S$15 per month. They also offer the 8GB "Flexi Value" plan at S$8 for seniors above the age of 60, DDR (Development Disability Registry) ID card holders, and students and NSF under the age of 25. This plan will come with 200 minutes of "outgoing calls" and 200 messages per month. Prices for the mobile plans are currently discounted by S$10 from the original amount thanks to an "Early Bird Price" promotion, and will be applicable to users who sign up before Oct. 31. According to their website , all current mobile plans are no-contract, SIM-only plans, and will be "fully powered by M1", another local telco company. Four no-contract mobile plans, one data-only plan Changi Mobile currently ... » Learn More about Changi Mobile offers plan with 40GB data, 300 minutes of ‘talktime’ & 300 messages for S$15
Imagine this: You've had a great meal. You pay for it contactlessly, through your smart watch. You've paid on credit, and when the bill arrives and you make payment, it's done with a few quick taps on your smartphone, without a single sheet of paper needing to be printed. That's what the future looks like — for now at least — with Singapore's new digital banks in the picture. The Monetary Authority of Singapore (MAS) has awarded four licenses so far, and more may follow in future. Hold on, you might be asking. That doesn't seem too different from what we have now, in 2020. So what's the big deal with digital banks, and what benefits might they bring, and what risks should we watch out for? We try to answer these questions. What is a digital bank? Existing banks in Singapore do already have comprehensive digital services, and many of its younger (or more tech-savvy) customers already do most of their banking online. But one of the requirements for these ... » Learn More about Fully-digital banks will launch in S’pore soon. Here are their potential risks & benefits.
It’s not a stretch to say that most people in their late-20s have a number of saving goals that they are currently working towards. In my case, this includes a house, as well as my own retirement, which should ideally consist of having funds for more than just medical bills. After all, retirement should not consist of merely survival on a day-to-day basis, rotating in and out of clinics and hospitals for the treatment of various body functions that might be breaking down by then. I’m sure many of us would like to spend our retirement in a more meaningful manner, such as a trip around the world or simply spending quality time with our family and friends. And coupled with the fact that Covid-19 has put our holiday plans on hold, now is perhaps the best time to plan and save for the long-term. Saving for retirement using the SRS Given that the CPF savings are usually meant to provide for “survival” retirement needs such as housing and medical fees, this is where I find the ... » Learn More about I’m still in my late-20s but here is why I’m already saving for retirement
The Citi PremierMiles Card has been in the spotlight for the longest time: It’s considered one of the most popular Citibank credit cards, and once upon a time, some even regarded it as the best miles credit card in Singapore. Why? Citi PremierMiles Card has one of the best sign-up bonuses in town. Earning miles on an air miles credit card takes a painfully long time, and one way to work around that is to get a credit card with a big sign-up bonus so you can get a sizeable bump in your miles. Is the Citi PremierMiles still worth getting? Let’s find out. Citi PremierMiles Card essential information Citi PremierMiles Card Annual fee $192.60 Supplementary annual fee Complimentary Interest-free period 25 days Annual interest rate 26.90 per cent Late payment fee $100 Minimum monthly repayment one per cent or $50, whichever is higher Foreign currency transaction fee 3.25 per cent Cash advance ... » Learn More about Citi PremierMiles Card review: Is it really the best card for accumulating miles?