https://padlet.com/xinletan/acc5216_miti_group2 ACC5216 Public Sector Accounting en-us 2021-07-10 07:41:31 UTC 2026-01-04 19:18:31 UTC hello@padlet.com https://padlet.net/icons/png/1f3ed.png xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1643949191 References:

• https://www.miti.gov.my/index.php/pages/view/2047?mid=29
• https://www.miti.gov.my/index.php/pages/view/1690?mid=110

]]> 2021-07-10 07:41:31 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1643949191 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1643952014 To formulate and implement investment, trade and industrial policies to generate sustainable economic growth.]]> 2021-07-10 07:50:00 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1643952014 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1643953508 To provide Malaysia's increasing workforce with innovative and high-skilled job opportunities.]]> 2021-07-10 07:54:16 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1643953508 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1643954035 To aid Malaysia becoming a developed country and to improve the rakyat's well-being.]]> 2021-07-10 07:55:44 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1643954035 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1644620681 2021-07-11 16:40:16 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1644620681 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1644636533 To assist small and medium enterprises (SMEs), especially indigenous industries, as well as the Bumiputera community in becoming internationally competitive and integrating into the global value chain.]]> 2021-07-11 17:28:34 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1644636533 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1644636817 To encourage and expedite the use of digitalization and new technologies, including data-driven policies, in order to help industries become more internationally competitive.]]> 2021-07-11 17:29:35 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1644636817 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1644655909 RM1 billion will be provided as a special incentive package for high value-added technology. The purpose of this package is to encourage R&D investments in aerospace as well as electronic clusters. For example, Batu Kawan, Penang and Kulim, Kedah industrial parks.

Reference:
https://www.theedgemarkets.com/article/govt-lays-out-measures-drive-foreign-investments-malaysia]]> 2021-07-11 18:22:32 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1644655909 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1644657201 Bank Negara Malaysia (BNM) will create a High Technology Fund, amounting to RM500 million in order to promote high-tech and innovative businesses. It may help Malaysia to retain its competitiveness in the global supply chain, as well as protect high-skilled employment.

Reference:
https://www.theedgemarkets.com/article/govt-lays-out-measures-drive-foreign-investments-malaysia]]> 2021-07-11 18:26:39 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1644657201 i17012945 https://padlet.com/xinletan/acc5216_miti_group2/wish/1645264552 This mission is part of MITI's ongoing efforts to develop commercial possibilities and strategic relationships between Malaysia and the West Asia region. It is anticipated to enhance Malaysia's value proposition as a favored investment destination as well as a trading partner by increasing the confidence of business communities in the West Asia region.

Reference:
https://www.virtualpaper.pro/index.php?route=mag/article&tracking=607e4f9a25482&a_id=751]]> 2021-07-12 03:27:36 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645264552 i17012945 https://padlet.com/xinletan/acc5216_miti_group2/wish/1645267196 Malaysia's government intends to establish a new national investment policy in order to attract more high-quality investors. as well as high-tech MNCs, especially the corporations involving new digital technologies. For example, virtual reality and augmented reality, artificial intelligence, blockchain, and 5G.

Reference:
https://www.virtualpaper.pro/index.php?route=mag/article&tracking=607e4f9a25482&a_id=747]]> 2021-07-12 03:28:47 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645267196 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1645278330 2021-07-12 03:34:25 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645278330 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1645280992 2021-07-12 03:35:45 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645280992 i18015851 https://padlet.com/xinletan/acc5216_miti_group2/wish/1645548584 The hiring incentive programme under PERKESO, currently known as Penjana Kerjaya, will be continued by the government. In order to allow staff to pursue high-skilled training and professional certifications, the maximum training rate that companies may claim for people hired under the Penjana Kerjaya will be doubled from RM4,000 to RM7,000.

Reference:
http://www1.treasury.gov.my/pdf/speech/2021/bs21.pdf]]> 2021-07-12 06:18:17 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645548584 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1645694330 The availability of the Industrial Digitalization Transformation Fund, which is valued at RM1 billion, is extended until 31 December 2023. This fund aims to help the manufacturing companies in adopting Industry 4.0 relating to technologies, and hence, enhance the digitalization activities.

Reference:
http://www1.treasury.gov.my/pdf/speech/2021/bs21.pdf]]> 2021-07-12 08:41:07 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1645694330 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1646002011 To promote and boost Malaysia's exports of high-value-added goods and services by enhancing and reinforcing bilateral, regional as well as multilateral trade ties and cooperation.]]> 2021-07-12 14:27:32 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1646002011 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1646017153 It is a Trade and Investment Mission (TIM) with Qatar, one of the Middle-East countries, aiming to promote Malaysia as a preferred investment location and reaffirm the global business community's trust in sourcing from Malaysia. Senior Minister will also hold targeted one-on-one business meetings with prominent leaders of Qatari companies as well as potential investors during the Trade and Investment Mission to further explore new business opportunities and collaboration in retail, cybersecurity, and expanding Malaysia's footprint in the global halal industry.

Reference:
https://www.miti.gov.my/miti/resources/Media%20Release/Media_Release_-_Promoting_Malaysia_As_A_Trade_And_Investment_Hub_To_Qatari_Businesses.pdf]]> 2021-07-12 14:39:05 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1646017153 i17012945 https://padlet.com/xinletan/acc5216_miti_group2/wish/1646021098 The government plans to improve the current workforce's capacities through national development programmes tailored to specific industrial sectors, as well as support for reskilling and upskilling. In the manufacturing business, they expect growth in the number of high-skilled and multi-skilled employees with high pay, particularly in high-value-added activities.

References：
https://www.miti.gov.my/miti/resources/National%20Policy%20on%20Industry%204.0/Industry4WRD_Final.pdf]]> 2021-07-12 14:42:18 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1646021098 i17012945 https://padlet.com/xinletan/acc5216_miti_group2/wish/1646062492 Under the Micro Entrepreneurs Business Development Programmes, BizMe, more than 2,000 women entrepreneurs will receive training in areas such as marketing, labelling, and packaging, as well as business technical assistance. The government will implement a unique programme for Bumiputera women contractors in order to increase their participation in government contracts.

Reference:
http://www1.treasury.gov.my/pdf/speech/2021/bs21.pdf]]> 2021-07-12 15:17:51 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1646062492 i18015851 https://padlet.com/xinletan/acc5216_miti_group2/wish/1646815454 Many developing countries such as China, even Vietnam have already started to develop their countries by using digital technologies therefore Malaysia can imitate them because digital technologies will become the main trend in the future. Moreover, Malaysia should more focus on the coverage of the high-speed internet now because it will affect the lifestyle of the people.]]> 2021-07-13 02:16:06 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1646815454 i17012945 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647197266 In order to solve the scarcity of high-skilled jobs, the government has indeed provided feasible solutions. According to the results of 2020, despite the impact of the Covid-19 pandemic, the proportion of women in senior leadership positions in Malaysia has reached 37%, which is unprecedented the highest record, based on Grant Thornton's annual women's business report. However, the government is still issuing training programs, especially training programs in marketing, labeling, and packaging, as well as business and technical guidance to more than 2,000 female entrepreneurs, in order to increase the proportion of highly skilled female employees in 2021. In addition, key areas are undergoing major changes. For example, reduce the unemployment rate of recent graduates, provide training programs to adapt to the changes in IR4.0, and encourage SMEs to transfer their business from offline to online to expand their business globally, even if we encounter the Covid-19 pandemic disease.]]> 2021-07-13 05:16:37 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647197266 i18015851 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647575484 In this era of globalization, cooperation with other countries is important because it can create, adapt, transfer and share knowledge and experience to improve the economy. In addition, Qatar is a high-income economy, so the chances of getting investment from them will be higher. Especially in retail services, cybersecurity, and other areas, these areas will expand Malaysia’s footprint in the global halal industry.]]> 2021-07-13 11:43:14 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647575484 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647649639 According to the Prime Minister, physical and digital infrastructure will be constructed in both urban and rural regions to ensure Malaysia's competitiveness and ability to seize new global economic opportunities in 12th Malaysia Plan. Since the government intends to strengthen the digital infrastructure, they may expand and upgrade the broadband infrastructure.

Reference:
https://www.mida.gov.my/mida-news/12mp-to-focus-on-new-economic-drivers-muhyiddin/]]> 2021-07-13 13:05:47 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647649639 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647676281 In order to keep working to close the gap between urban and rural development, a total of RM2.7 billion will be allocated to different rural infrastructure enhancement initiatives and projects. Among the RM2.7 billion allocated, a total of 250 million ringgit has been allocated for electricity in rural areas, with a target of 1,100 homes. Besides, RM632 million would be given for water delivery and targeted alternate sources for 4,800 households in rural regions.

Reference:
https://www.nst.com.my/news/government-public-policy/2020/11/638778/2021-budget-rm27b-allocated-rural-infrastructure-nsttv]]> 2021-07-13 13:27:09 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647676281 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647678543 Under the JENDELA, RM42 million will be spent to improve internet access in 25 industrial zones in order to encourage investment. It is stated that phase one of JENDELA has begun and will last through the end of 2022, with the goal of increasing access to cable internet at speeds of up to one gigabit to 7.5 million homes and businesses. Besides, MCMC will receive RM7.4 billion in 2021 and 2022 under the Digital Infrastructure programme to construct and improve broadband services.

Reference:
https://www.mcmc.gov.my/en/media/press-clippings/budget-2021-rm9-4-billion-to-close-digital-divide]]> 2021-07-13 13:28:57 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647678543 i17013058 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647682774 2021-07-13 13:32:20 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647682774 i18015851 https://padlet.com/xinletan/acc5216_miti_group2/wish/1647745595 It is important for Malaysia government by giving support to the high tech companies especially in this COVID-19 pandemic because most of these companies are only in the starting pace and they will become the backbone of Malaysia in the future.]]> 2021-07-13 14:19:06 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1647745595 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1648662807 National Investment Aspirations, as known as NIA, that will serve as the foundation for substantial reforms of Malaysia's investment policies, is approved by the Cabinet in April 2021. It will emphasize coherence as well as cohesion, with these goals mirrored in all national policy files and investment initiatives, including the Fourth Industrial Masterplan and 12th Malaysia Plan.

Reference:
https://www.miti.gov.my/miti/resources/Media%20Release/Media_Release_Investment_Policy_Reforms_To_Be_Rooted_In_The_National_Investment_Aspirations_(NIA).pdf]]> 2021-07-14 02:38:48 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1648662807 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1648670250 To formulate and implement policies regarding industrial growth, international trade, and investment.]]> 2021-07-14 02:41:21 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1648670250 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649166360 Prime Minister mentioned that preparing a conducive environment to develop micro, small and medium enterprises will be the top priority in the 12th Malaysia Plan. It also emphasizes the Bumiputera Empowerment Agenda to reduce the disparity between the Bumiputera and other ethnicities.

Reference:
https://www.malaymail.com/news/malaysia/2021/03/01/pm-teases-12th-malaysia-plans-priorities-says-focus-on-battling-poverty-emp/1953785]]> 2021-07-14 07:41:21 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649166360 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649184171 SME Bank inaugurated the Lestari Bumi Financing Scheme with an allocation of RM300 million to specifically help Bumiputera micro and small enterprises to move up and convert to a higher category, allowing them to improve production capacity, extend market access, and ensure company sustainability, especially during the COVID-19 pandemic, where many of the micro and small enterprises are seriously affected. According to the Malaysian Companies Commission (SSM), 41,349 firms were affected and shuttered due to the pandemic last year.

Reference:
https://www.smebank.com.my/en/media1/news-and-media/news-release/118-media/news-release/news-release-2021/1265-lestari-bumi]]> 2021-07-14 08:00:14 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649184171 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649191084 The government stated in Budget 2021 that Exim Bank Malaysia will contribute RM300 million to the national supply chain finance platform, which is Jana Niaga. This is a significant step toward assisting SMEs who provide the government and GLCs with cash flow issues. According to the government, Jana Niaga is implemented in line with Petronas (Petroliam Nasional Bhd) and Telekom Malaysia Bhd.

Reference:
https://www.theedgemarkets.com/article/postbudget-2021-supply-chain-finance-alleviate-sme-cash-flow-issues]]> 2021-07-14 08:08:25 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649191084 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649196470 Reference:
https://www.thestar.com.my/business/business-news/2020/11/12/budget-2021-vital-to-boost-investment-sentiment]]> 2021-07-14 08:14:22 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649196470 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649222220 2021-07-14 08:42:43 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649222220 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649234533 It is good to assist SME because 98.5% of business organizations in Malaysia are SMEs. Small and medium-sized enterprises are the backbone of the economy. With the implementation of these supporting facilities, it is believed that local SMEs will gradually recover this year, in line with the overall economic growth forecast. The implementation of the economic stimulus plan and the 2021 budget will help small and medium-sized enterprises alleviate cash flow restrictions and enhance business flexibility.

Bad
If what we care about is whether Malaysians of all ethnicities are getting enough help, our first priority should be whether these measures and funding are adequate. In general, other SMEs still enjoy welfare assistance, such as cash subsidies, wage subsidies, loan extensions, unemployment benefits, and other benefits to help the SMEs that are struggling during the pandemic.]]> 2021-07-14 08:56:44 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649234533 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649255316 2021-07-14 09:26:02 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649255316 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649256199 As a result, Malaysia is still a competitive investment location for foreign investors. From January 2021 to March 2021, the total approved foreign direct investment (FDI) in manufacturing, services, and primary industries increased by 383.4% to RM54.9 billion from RM11.4 billion in the same period last year.

In Malaysia, as we continue to fight the COVID 19 pandemic, the country remains a major investment destination and strategic gateway for investors. The country continued to provide investors with modern needs and equipment. Facts have proved that its insistence on adopting emerging technologies is a huge advantage for domestic manufacturers. The unique value proposition as a high-tech investment and global operations center will continue to attract sustainable high-quality investment activities in the country.]]> 2021-07-14 09:27:17 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649256199 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649481662 The government has allocated a total of RM1 billion for the 200 thousand trainees in the reskilling and upskilling programmes of 2021. Among RM1 billion, RM100 million is allocated to the Human Resources Development Fund (HRDF) in order to carry out training.

Reference:
http://www1.treasury.gov.my/pdf/speech/2021/bs21.pdf]]> 2021-07-14 13:55:51 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649481662 xinletan https://padlet.com/xinletan/acc5216_miti_group2/wish/1649642735 2021-07-14 16:08:26 UTC https://padlet.com/xinletan/acc5216_miti_group2/wish/1649642735