Ng Pey Hiong, Founder of Boss Boleh Sdn Bhd, Malaysia, was honored with the “Founder of the Year Award” at the ASEAN Startup Awards! The recently announced ASEAN Startup Awards recognizes the most impactful and innovative businesses in the 10 ASEAN countries. Boss Boleh Founder Honored with “Founder of the Year” Award A number of… Continue reading Angie Ng Pey Hiong, Founder of Boss Boleh Sdn Bhd, Malaysia, was honored with the “Founder of the Year Award” at the ASEAN Startup Awards!
Category: Information
Malaysia Ups Minimum Wage to RM1,700!
The Minimum Wage Order 2024 was gazetted on 4 December 2024 and will be enforced in two stages. Starting 1 February 2025, a minimum monthly wage of RM1,700 will apply to employers with five or more employees and those categorized as MASCO Employers. By 1 August 2025, the same wage standard will extend to all employers in Malaysia, ensuring fair pay for workers across the nation. Employers are urged to review and adjust salaries accordingly to comply with the new wage regulations.
🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
Yes, that’s correct—but only if your company meets the new audit exemption thresholds introduced by SSM! Download the SSM guide HERE This game-changing policy could save thousands on audit fees for eligible SMEs. However, companies still need to: 1️⃣ Submit Unaudited Financial Statements (UAFS) to SSM annually (MBRS submission fee, estimated cost: RM 1,000) 2️⃣ Tax filing : submit Form C to LHDN using… Continue reading 🚨 Sdn Bhd Companies No Longer Need Auditors? 🚨
Malaysia Public Holiday and School Holiday Dates Every Business Owner Needs to Know!
Are you a business owner planning your next move? Whether it’s preparing for a personal getaway, scheduling your operations or launching a seasonal promotion, knowing the exact public and school holiday dates is key to staying ahead. Avoid surprises like peak travel chaos or unexpected downtime by syncing your business plans with the 2024–2025 holiday… Continue reading Malaysia Public Holiday and School Holiday Dates Every Business Owner Needs to Know!
Did you know that breaching trust as a director could land you in jail or even face caning?
Recently, I attended a court session where a company director was charged under Section 409 of the Malaysian Penal Code. He faces a minimum of 2 years in jail, mandatory caning, and fines. This is the harsh reality directors face when breaching the immense trust placed in them. So, What Is Section 409? As a… Continue reading Did you know that breaching trust as a director could land you in jail or even face caning?
Are You Sure You’re Issuing e-invoices the Right Way?
Are You Sure You’re Issuing e-invoices the Right Way? Here’s how to get it right with e-invoicing. The digital transformation of invoicing is no longer a future concept. It’s happening now! The Malaysian government has already started implementing e-invoicing in phases, making it mandatory for businesses to transition to digital invoicing. For businesses still relying on traditional… Continue reading Are You Sure You’re Issuing e-invoices the Right Way?
Running a Travel Business? Here’s How to Get Licensed with MOTAC! ✈️
Starting a travel agency in Malaysia requires proper registration with the Ministry of Tourism, Arts and Culture (MOTAC) to ensure compliance and legality. Follow these essential steps to obtain your travel agency license: Step 1: Register Your Company 💻Begin by registering your company with the Companies Commission of Malaysia (SSM). Your company name should reflect… Continue reading Running a Travel Business? Here’s How to Get Licensed with MOTAC! ✈️
How to Establish and Set Up a Private Dental Clinic in Malaysia
Thinking of starting your own dental clinic in Malaysia? Our guide breaks down the key steps and essential information to help you set up smoothly and compliantly. Dive in to get a clear roadmap for your dental business journey!
Setting Up a New Private Limited Company: What Should You Consider?
Doing business in Malaysia, like in many other countries, can be intricate due to various factors such as regulatory environment, taxation system, etc. It is common for businessmen to set up a Sdn Bhd (private limited company) for running their businesses in Malaysia. However, do you know what you need to consider and carefully look… Continue reading Setting Up a New Private Limited Company: What Should You Consider?
Winning MYHackathon 2020: Boss Boleh aims to improve the efficiency of government services
Businesses flourish with innovative ideas and effective solutions, and they don’t come from a single place. This can be proved through the events that had occurred at MYHackathon 2020, a Pelan Jana Semula Ekonomi Negara (PENJANA) programme hosted by Cradle Fund. It is an initiative aimed to address national difficulties in servicing residents. What happens… Continue reading Winning MYHackathon 2020: Boss Boleh aims to improve the efficiency of government services