Blog

KL Management Services official blog, with recent updates of various services for credit control, debt recovery & management, accounting & taxation, legal compliances, Malaysian taxation updates and so forth.

Malaysia’s Investment Indicators 2009

Posted in Blog, Business, Finance

Malaysia’s Investment Indicators 2009 As you can see above, there are data pertaining: Sales of new commercial vehicles (by unit) Imports of capital and intermediate goods (by RM million) Approved new/re-investments for domestic and foreign sources Historical Base lending rates for 2009 (BLR) Money supply in RM million Risk Weighted Capital (Adequey Ratio by %) NPLs of banking systems (%) for 6 months and 3 months. Amount of newly registered companies for 2009 Amount of recently liquidated companies for...

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Malaysia’s Consumption Indicators 2009

Posted in Blog, Finance

Malaysia’s Consumption Indicators, 2009 The exhibit above shows the sales and production of new passenger cars, motorcycles, Kuala Lumpur Stock Exchange (KLSE) prices consumption goods imports and the labour market for the whole of 2009 (December not included). Source: EPU Unit, Malaysia.

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Income tax for companies & businesses in Malaysia

Posted in Blog, Finance

It is the duty of each and every company carrying a business license to properly & regularly update accounts and statements. Malaysia’s Income Tax Return Form (ITRF) is the document needed for each and every business (in this case, referred to as the “Taxpayer”) to the Inland Revenue Board of Malaysia, or LHDN Malaysia. Income Tax for Companies Registered in Malaysia There are 5 different types of tax return forms that are required in Malaysia for companies: Form C&R 2009 – Income Tax Return Form for general companies. Form C1 2009 – Co-orperative...

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Type of Business Entities in Malaysia

Posted in Blog, Business

You may contact us now to receive a free consultation to receive a free consultation on business entities in Malaysia. The basics of setting up a business entity in Malaysia isn’t so difficult to understand: First off, let’s start with Types of Business Entities. There are three (3) different types of business entities to choose from: Sole Proprietorship (also known as Sole Trader) Partnership business entity Limited Company (SDN. BHD. or Sendirian Berhad or BHD. or Berhad) Understanding different types of business entities available in Malaysia for: Foreign Companies Limited...

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Appointing a Company Secretary

Posted in Blog, Business

In Malaysia, the Companies Commission of Malaysia (CCM) requires that every limited company must at least have a company secretary. A company secretary is a person who maintains the records, books, filings, documents, meetings, company seal and so forth. Hiring a good company secretary It’s often good to hire a licensed & experienced company secretary in Malaysia because: He/She already has certain local business & legalities knowledge in CCM’s acts, rules, regulations, best practices & legalities. Able to furnish documents not only on Company Registration &...

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Company closure – Insurance protection isn’t enough

Posted in Blog, Insurance

I have seen many cases whereby a business could not continue their core business or in some cases the business is forced to close down after extensive fire damage to their business premises/factory. Is it the fire that causes an established business to shut down their operation permanently? In most cases, the answer is NO. The real culprit to the business closure after an unforeseen loss is their CASH FLOW despite the business is properly and adequately insured. Thus the immediate injection of funds into the business to resume the business in shortest possible time is critical to avoid...

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