Prime Minister Tan Sri Muhyiddin Yassin has announced the "Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI)" assistance package worth RM15bil on Monday (Jan 18). In a special address, Muhyiddin said that the government had already announced four economic stimulus packages worth RM305bil previously.

A general set of FAQs have been released providing more details into the do’s and dont’s during this period of Movement Control Order (MCO 2.0). This set of FAQs also covers the areas affected by the renewed Conditional MCO (CMCO) and Recovery MCO (RMCO), the movement limits within the affected areas operations of public transport, no. of passengers allowed in vehicles and more.

Pursuant to the Malaysian Budget 2021 announcement, there are several important changes in the Transfer Pricing legislation that you need to take note of. Deloitte is pleased to share a brief summary of the recent amendments introduced. Additionally, Deloitte provides commentary on those amendments.

The anticipated commercial rollout of the COVID-19 vaccine by the first half of 2021 (1H21) will boost the hopes for the country’s economic recovery and lift overall consumer sentiment, said property consultancy Knight Frank Malaysia. Managing director Sarkunan Subramaniam said, however, that due to the current ongoing political uncertainties amid the worsening Covid-19 crisis, the residential market is expected to remain challenging in 1H21.

COVID-19 has given the world a sharp reminder that manufacturing and production sectors – and their enabling supply chain ecosystems – remain the most real and significant force in the global economy. Before COVID-19, many in the developed world believed that our digital connectivity made us the global leaders in self-sufficiency – after all, what couldn’t we order online from the comfort of our own homes?