The Prime Minister Najib on June 10, congress in Malaysia for the Tenth Malaysia Plan (10MP) at Dewan Rakyat.

The 10th Malaysian Plan key Report:
The first chapter 10th Malaysia Plan: towards a higher income countries

Malaysia has had to continue, with annual growth of 6% in vision 2020 to achieve as high-income countries.

Adopts the new economic policy under 30% reserved, but the development of bumiputra stake in the new model agenda to implement, and effective in native economy to market principle, performance, transparency and demand for this.

Responding to focus on the development of the native and improve competitive at the highest rate of native management.

Responding to focus attention 240 million households, 40% of the lowest income family problems.

In evaluating the second-ranking native equity in the standard, the government will cover equity and other assets, such as real estate, economic participation and high income, etc.

Responding to restructuring, and gradually reduce subsidies mechanism of allowances.

Responding by 2015, per capita amounted to 3 Million 8845 Ringgit.

Chapter 2 of 10th Malaysia Plan: upgrading national strength

Responding to obtain private investment in growth, feeding 12.8% total investment amounts to 11.5 billion ringgit.

Responding to the private sector growing power mainly from foreign direct investment (FDI), the material of GDP in 2015 occupied 13.9%.

Responding to the overall GDP fiscal deficit is occupied from 2010, 2015 5.3% decline to the 2.8%.

Responding to Kuala Lumpur and surrounding satellite towns (GREATER KL) has been at national main areas of the economy, the government will be in Kuala Lumpur international financial planning, to promote development of new street field airport, development of town, double brook hair in its world-class meeting ambassador road infrastructure and Malaysian Asian charm center.

The third chapter of 10th Malaysia Plan: build the business environment

Malaysia will review productivity organization adopts the business to local regulations in 2015, ranking within 10.

Responding to relax drive investment, so it industry in 2015 in GDP of 61.1 percent.

Responding to a “business growth fund”, grants 1 million ringgit, to support some company.

Responding to reduce the cost of supervision of small and medium-sized enterprises undertake fewer – 5 people of small and medium-sized enterprises, higher cost saving the commercial supervision.

Chapter 4 of 10th Malaysia Plan: towards a tolerance of social and economic development

The government will as new adopts the Chinese villagers offer financial aid, let they ascend home and aid their business activities.

Responding to financial institutions will provide loans to make Chinese new land tax payment and update the villagers, and also make temporary deeds villagers, and improve their houses for their business financing.

Responding to the government will explore through pioneering group (Tekun) and commercial fund fund (AIM) to Malaysia strategy as the existing scheme to help Chinese new small enterprises.

Second-ranking state corporation (EKUINAS) will get 45 billion ringgit in government funding, and private world to raise more money to invest in the development and growth stage, the company focusing on buy government investment company, multinational companies and listed companies of non-core assets.

Responding to restructuring; allowance of mechanism, Meanwhile, the government will be more specific solutions for 40 percent lower family aid. 40% lower average income of family from 2009, to increase from the 1440 ringgit to 2300 ringgit.

Adopts the poverty rate from 2009 3.8% ranging from 2%.

Women had increased to 30 people decision-making.

Chapter 5 of 10th Malaysia Plan: development and maintain competitive world level of human capital

Responding to allow more than 8000 earning foreign professionals, the ringgit in don’t apply for work permit cases in Malaysia.

Responding to open to all foreign visa unconditional specialist or designated company hire experts, and allow them to the purchase of 25 million ringgit value above the houses.

Adopts the most outstanding global from designated department will be a scholarship, college graduate can immediately once in employment.

Every year in responding to Malaysia high school diploma awarded the best results will be awarded scholarships candidates 5% in local university.

Responding to the government appropriated $80 million ringgit) by 2010 until 2012 unemployment relief funds and qualified work will get jobs per month by the aid of 600 ringgit, the longest for six months.

Chapter 6 of 10th Malaysia Plan: shaping high-quality living environment

In 2020, had expected more than 70 percent of the people will be living in cities.

Responding to the government will gradually formulated to ensure the water mechanism, complete with cost, and complete all the water transfer to a new franchise contract company work.

Responding to dial out 50 billion ringgit appropriations for flood control planning.

In the new government will second-ranking energy policy adjustment allowance, and under the power of electric power industry or natural gas costs, will be adjusted once every six months, to reflect the market price.

Responding to gradually cancel energy, and government subsidies to low-income families with different forms of auxiliary.

Responding to collect homes of solid waste, and work to be fully privatization franchisor 3, and other private enterprise can obtain manufacturing management and public management solid wastes

Chapter 7 of 10th Malaysia Plan: government transformation, to countries in transition

Responding to the government departments and agencies to complete all the inspection, the inspection, the role of the duties overlap, reduce manpower overlap or vulnerabilities.

Responding to Malaysia will have the following four transformation of government, namely the principle of creativity and innovation, through a public service, and passed on the speed of decision-making and execution, three, ensure the government plans to value, the highest degree, and lastly to maintain cleanliness and transparency in government department operations .

Singapore High Commission
Embassy of Singapore
Address: 209, Jalan Tun Razak,
50400 Kuala Lumpur, Malaysia.
Website: http://www.mfa.gov.sg/kl
Tel: 603-2161 6277 / 6404
Fax: 603-2164 1013

Singapore High Commission in Kuala Lumpur Malaysia

Malaysia Singapore Embassy Location Map

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Badges of Trade is the criteria that distinguish trading from investment for taxation purposes. They were set out by the Royal Commission on the Taxation of Profits and Income in 1954. Their badges of trade are the criteria which are used to decide whether a transaction can lawfully be considered “trade” or not. There were originally six badges trade, but now there are nine badges of trade. You can find a history of this concept, and summary of the nine badges of trades cases at http://www.taxationweb.co.uk/tax-articles/business-tax/the-badges-of-trade.html

Any trade on profits, unless there is a reasonable person can provide evidence that this is no income of profits. In Hong Kong, the capital of profit shall not pay taxes.

In order to prove the nature of trade, badge of trade is considered:
1. The intention of profit tax items.
2. The theme of goods (such as in the original hypothesis can enjoy the acquisition, such as rent).
3. The length of the ownership, similar transaction frequency
4. Reasons for processing,
5. Medullary supplement, etc.

Model Ekonomi Baru, Malaysia Government is striving to create one new economy model which is Malaysia MEP for country among others base on to increase in the worker’s productivity have a purpose to assist them increase revenue, said Datuk Seri Najib Tun Razak.

Prime Minister said government would give job scope to economic council will be established, which comprises of economic experts including from abroad, to suggest a new economic model also known as MEB Model Economi Baru for country.

He said the economic model also would outline how Malaysia can movement his economic position of a well off country in medium height income level to high income.

Najib who is also Finance Minister says increase in the worker’s productivity not only through contributions of time aspect extra work but also through innovation and creativity addition amongst staff.

“If we stress this, we can determine higher production levels again, not rise but multiple leap of our aspect of the production capability.

“Because of that when we achieve state that way thus we can give bigger wage to staff,” he said to reporters after delivering special commendation in Perhimpunan Workers Day 2009 in Stadium Putra Bukit Jalil here, Saturday.

Najib said that when requested to describe his message in the assembly among others touch on new economy model, cessation fund employee and effort improves Employees Provident Fund (EPF).

On the new economy model, Najib said each industry in this country, whether involving private sector, government-linked company (GLC) though government companies, they must look at how to continue to step up employee competence through innovation and creativity.

This can bring to productivity improvement and further improving workers’ income which eventually develop more countries, he said.

“This is which models I press. A new economy model would benefit to our employee and country will own much more competitiveness and spur greater progress.

“We will not allow country were in as usual notch. But we must find the way how we can change and movement so that Malaysia be a country “high income” (high income) in particular time.

“This is government’s desire. We together (will) uphold concept and method should be done so that ambition (this) into reality,” he said.

On cessation fund employee, Najib said Human Resources Ministry just keep on discussion by all party.

“And when ministry already prepared, (they) would make recommendations to cabinet (for action further),” he said.

Yesterday, Malaysia Trades Union Congress (MTUC) make a call so that government create immediate the fund with the government ‘ contribute RM500 million. MTCU already made claims more 10 years for the fundraising.

On improvement to EPF, Najib said the matter on in studies because most staff in this country experience difficulty reason finance sums received is limited, while Malaysian life span now hitting between 73 and 76 years.

He said EPF study show that 70 percent contributor finish their reserve contribution within three to 10 years.

“Be us have to find way how the payment can be made based on annuiti or monthly. Therefore we can ensure protection to our workers,” he said.

In his message is forward more than 10,000 employee, Najib said all parties has to maintain and defend industry climate live harmony in countries now because good links between employers and employee is one of important basis determine Malaysian success.

He said, would be vital employer-employee relation founded in keeping with collaboration principle, mutually understand and confident believe in, because if this relationship founded to confrontation attitude then common state occurring at other country including developed nation seperi strike perhaps possible here.

“If fugginess (confrontation) is predicted then the economy will be ruined and if damaged affected not only employer but employee , even the citizens of the country will suffer under the circumstances eknomi the country affected,” he said.

“Employer have to understand employee and employee aspiration on the other hand should contribute dedicatedly while government on the other hand carrying out responsibility through positive policies stimulate economy,” he said.

Najib said employer’s action to always ensure productivity cost were in low level, no should affect employee from their earnings improvement aspect.

“If this happens, employee will not get assessment in their contribution,” he said.

Najib also urged employer in this country such as restaurant and small and medium industry offer better atmosphere and job requirement to attract many more local employee work in these sectors.

He said now have more two million foreign workers in this country.

“Hope do not find way easy to give job opportunities to other country’ people because cheap wage. Give opportunity to local children,” he said.

Prime Minister hopes unemployment level will be at minimum and government level will have tried to create job opportunities.

He said unemployment rate perhaps will increase from 3.1 percent in last year to four percent this year due to global economic depression.

List of Malaysia Economy Policy: ~
Malaysian New Economic Policy (NEP) or Dasar Ekonomi Baru (DEB) in year 1971 to 1990 by Prime Minister Tun Abdul Razak
National Development Policy (NDP) in year 1991
New Economic Model or Model Ekonomi Baru (MEB) in year 2010 by Prime Minister Datuk Seri Najib Tun Razak

A new tax system in Malaysia with goods services tax regulations (GST) also known as a consumption tax, is a kind of tax collection supply of goods and services. To the man on the street, it is the only occur when the money is spent.
If no consumption tax is, no individual. This can be with individual income tax revenue is generated when the payment.

Therefore, some people are feeling GST as a more reasonable goods and services tax revenue collection of the government with the ability to pay of the export tax refund (exemption).

In many countries, including Singapore, Thailand, Australia and has taken a similar types of indirect taxation.

The mechanical consumption VAT is similar in Britain and Europe, so this kind of Goods and Services Tax, although new to Malaysia has established a place in the world tax scene.

GHL Systems Bhd – GHLSYS (0021). GHL Systems Berhad an MSC Status company listed on the Main Board of Bursa Malaysia (Kuala Lumpur Stock Exchange), is the Asia/Pacific region’s leading end-to-end payment services enabler that deploys world-class payment infrastructure, services and technology.

GHL Systems’ complete portfolio of payment solutions include transaction routers and concentrators, terminal line encryption technologies, loyalty and online payment solutions, smartcard technologies, secure electronic data capture (EDC) as well as Europay, MasterCard and Visa (EMV) networks and terminals to consulting services. GHL Systems’ payment solutions are further recognized, accredited and certified by organizations and governing bodies such as Visa, MasterCard, JCB, MEPS, PCI, SIRIM and the Line Encryption Working Group.

GHL SYSTEMS. PAYMENT SOLUTIONS, REDEFINED.
By providing a broad range of services across the payment solutions spectrum, GHL Systems today deploys its products and services to multiple clients spread across various vertical segments worldwide — not limited to banking and financial services institutions, telecommunications, transportation, retail and oil and gas.

With offices in Bangkok, Beijing, Hanoi, Hong Kong, Kuala Lumpur, Manila, Singapore and Wuhan, and having had successful forays and establishing multiple partnerships across the Asia-Pacific, European, the Middle Eastern regions — GHL Systems is well-positioned to meet the demands of a global economy.

GHL Systems Berhad
Address: Unit L8 C-G-15, Block C,
Jln Dataran SD1, Dataran SD, PJU 9,
Bandar Seri Damansara,
52200 Kuala Lumpur,
Malaysia.

GHL Systems Bhd R&D Office Location Map

High Commission of the Republic of South Africa
Embassy of South Africa
Address: 12 Lorong Titiwangsa 12,
Taman Tasik Titiwangsa,
53200 Kuala Lumpur, Malaysia.
Website: http://www.afrikaselatan.com
Tel: 03-4026 5700 / 03-4024 4456

South African High Commission Kuala Lumpur Malaysia
Address: Suite 22, 01 Level 22,
No. 3 Jalan Kia Peng,
50450 Kaula Lumpur, Malaysia.
Tel: +603-2170 2400 / +603-2161 7629
Fax: +603-2168 8591
* High Commissioner Extraordinary and Plenipotentiary – Mr S Ngombane

South Africa Embassy in Malaysia

Malaysia South Africa Embassy Location Map

High-tech companies are defined as companies engaged in promoted activities or in the production of promoted products in the areas of new and emerging technologies. High-tech companies are eligible for the following incentives:
• Pioneer Status with full tax exemption at statutory income for a period of five years or
• Investment Tax Allowance of 60% on qualifying capital expenditure incurred within a period of five years. The allowance can be offset against the statutory income for each assessment year without 100% of the high-tech company must meet the following criteria:
• Local research and development (R & D) expenditure to gross sales must be at least 1% on an annual basis. However, the companies will have a period of three years from the date of operation / of an activity to meet this requirement
• The percentage of graduates in science and technology to the total workforce should be at least 7%

Participation of foreign capital in manufacturing projects has been governed by the level of exports. Effective from 31 July 1998, the Malaysian government has liberalized the equity policy for the manufacturing sector in new investments, expansion or diversification as follows:
• Foreign investors can now hold 100% equity irrespective of the level of exports.
• Equity holdings in all projects were fully liberalized production effective from 17 June 2003, foreign investors can now 100% stake in all new priject investments and investments in the expansion or the draft diversification of existing companies, irrespective of the level of exports and without any product or activity is excluded.

Malaysia Utilization of Foreign Investment, participation of foreign capital in manufacturing projects has been governed by the level of exports. Equity holdings in all projects were fully liberalized production effective from 17 June 2003, foreign investors can now 100% of capital for all investments in new projects.