Asia Pacific News: kuala lumpur

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Think Global Echoed In Malaysia-Indonesia Business Seminar

Written By Admin on Monday, November 28, 2011 | November 28, 2011

By STAFF Reporter
November 28, 2011

Malaysia-Indonesia Business Seminar 2011 was attended by about 100 businessmen and representatives from both countries yesterday at the Indonesian Embassy building in Malaysian capital Kuala Lumpur.

The main areas of discussion in the seminar were challenges faced by the entrepreneurs and about franchise businesses in Indonesia and Malaysia.

The panel of the seminar was joined by Datuk Suhaimi Shahadan, chairman of Young Malaysian Malay Businessmen and Industrialists Association (Perdasama), and Afkhar Razi Mohamed, Ministry of Domestic Trade.

Datuk said the market in Malaysia is small as the population of the country is just 28 million. He added if any business wants to think big, it need to go out of Malaysia, and in Indonesian 245 million population more than 10 percent are super rich. Further Datuk mentioned that Sri Lanka is presently a good market and the economy of Philippines is also booming.

The Malaysia-Indonesia Business Seminar 2011 was organised by Indonesian Embassy, Indonesian Community Assembly (Permai), Vivadot Network and Media Services. The main aim of the seminar is to strengthen the relationship along with enhancing cooperation and understanding through trade relations.

Tengku Rizal Gading, chief adviser of Permai opened the seminar tagged as 'The Future of Indonesian-Malaysia Trade Relations and Challenges'.

Hotel Indonesia Square view

Johor-Singapore Causeway

November 28, 2011 | 0 comments

Amendment In Malaysia Income Tax Act May Drive Away Investors

Written By Admin on Monday, October 24, 2011 | October 24, 2011

By STAFF Writer
October 24, 2011

MALAYSIA NEWS - Amendment in Income Tax Act in Malaysia may affect foreign investment along with some negative impact on the local business community as well as on taxpayers, said MCA Young Professionals Bureau on Saturday.

According to the MCA chairman, in the Section 81 amendment of Income Tax Act the Internal Revenue Board's director-general (DG) gets the power to disregard, partly or completely, the income tax claims proof after the end of notice period.

In a press conference in Kuala Lumpur chairman Datuk Chua Tee Yong said, "Previously, a person is entitled to appeal any additional assessment issued by the DG. "However, this new amendment does not allow for any room to appeal, as the DG may disregard proof of claims, such as receipts or documents."

He illustrated the amendment with an example: if any public listed company claims for travelling expenses of RM500,000 that were actually incurred four years ago, then DG may issue a notice for presenting receipts within thirty days. If the company is unable to find the receipts withing 30 days timeline, it pays the additional assessment. In any case if the company is able to find the receipts thereafter, it cannot appeal against the additional assessment as the receipts have been completely discarded by the DG.

Chua adds that such amendment in the Income Tax Act will create apprehension among businesses and investors.

However, next Tuesday the issue will be brought to the MCA presidential council which may further reach to the Cabinet and the National Economic Council for deliberation, said Chua.

Malaysia Photo Gallery

Kuala Lumpur (Malaysia) Skyline

Kuala Lumpur (Malaysia) Petronas Twin Tower Night View

Kuala Lumpur (Malaysia) Petronas Twin Tower Skybridge

October 24, 2011 | 0 comments

Bomb Blast In S. Philippines, 2 Dead, 9 Wounded

Written By Admin on Tuesday, August 2, 2011 | August 02, 2011

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August 02, 2011 | 0 comments

Australia, Malaysia Sign Refugee Swap Deal

Written By one-liners on Monday, July 25, 2011 | July 25, 2011

By ONE Liners Agency
July 25, 2011

MALAYSIA NEWS - Malaysia and Australia signed Monday exchange asylum seekers for refugees. In the swap agreement representatives of both the nations agreed in Kuala Lumpur the regional solution to human trafficking. According to the deal, Australia will be sending eight hundred asylum seekers initially to Malaysia. There are 4000 refugees cases for resettlement which are approved by United Nations.

The 800 migrants to be sent to Malaysia will enjoy all the rights that had been denied to over 94,000 registered asylum seekers over years.

For years Australia has been a target country for people from war-ravaged and poor regions. Mostly people from Sri Lanka, Afghanistan, Iraq and Iran uses Indonesia or Malaysia as a transit point to travel to Australia. In 2010 over 6,000 asylum seekers arrived to Australia by boat.

Each year Australia grants visas to about thirteen thousand refugees under various international programs.

The agreement is a "ground-breaking", says Australian Prime Minister Julia Gillard. He added further to the reporters in Canberra that it would "smash the business model" of smugglers who smuggle people.

July 25, 2011 | 0 comments

Asia Pacific Region's Weekend Front Pages

Written By Admin on Monday, May 23, 2011 | May 23, 2011

By STAFF Writer

SUNDAY, May 22, 2011

What few of the leading newspapers of countries in Asia Pacific regions published today, Sunday, on their weekend edition? Below are image formats of those. Click on the images to enlargen and read. Some computer's monitor or other devices may get smaller font or tough readability. Sorry for the inconvenience.