The government’s sustained engagement in implementing the Movement Control Order (MCO) 2.0 has enabled businesses to continue operations with minimal disruption, the American Malaysian Chamber of Commerce (AMCHAM) said. The chamber commended the Malaysian government -- its ministries, departments and agencies, especially the Ministry of International Trade and Industry -- for the coordinated efforts in the implementation of the MCO from Jan 13 - 26, 2021.

EY brings an Indirect Tax update. This update outlines various Indirect Tax updates including the Sales tax exemption on passenger cars under the Short-Term Economic Recovery Plan, Frequently asked questions (FAQs) for cigarettes, tobacco products and electronic cigarettes, Indirect Tax legislations, and more.

The Government of Malaysia has released more SOPs applicable to areas undergoing the Movement Control Order (MCO) 2.0. Some of these new SOPs have been added to the AMCHAM website.

Among them are SOPs for Manufacturing Sector, Tourism Sector, and the Professional Services Sector.

The Penang government today announced its Financial Package 3.0 worth RM20 million to mitigate economic challenges posed by the ongoing Movement Control Order (MCO). Chief Minister Chow Kon Yeow said the state executive council, during its meeting yesterday, had approved the said allocation. "The financial package is aimed at bringing relief to target groups affected by the re-imposition of the MCO," he said today, 14 Jan.

Even in a year dominated by a global pandemic, the sustainability revolution has accelerated faster than expected, while also expanding to include a wider range of environmental and social issues. With consumers and investors demanding significant change, profit pools shifting away from incumbents to insurgents, and even the most carbon-heavy companies making net-zero pledges, executives ignore this revolution at their peril.