With the phased implementation of the mandatory e-invoicing starting in 3 weeks time, today we check-in with Datuk William Ng, President of the Small and Medium Enterprises Association (SAMENTA) about how businesses, in particular SMEs, are feeling about the incoming regime. We get into how businesses are coping to meet the requirements, their key concerns and friction points, and what else can or should be done to support SMEs in the push to e-invoicing.



To recap, from August 1st, taxpayers with annual turnover exceeding RM100mil are required to implement e-invoicing. Following this, businesses with revenue between RM25 million to RM100 million must implement e-invoicing by January 1st 2025, with all other businesses, except some MSMEs, having until July 1st 2025 to adopt e-invoicing. The exemption applies to Micro, small and medium enterprises (MSMEs) earning less than RM150,000 annually as announced last week by Finance Minister II, Datuk Seri Amir Hamzah Azizan.

With the phased implementation of the mandatory e-invoicing starting in 3 weeks time, today we check-in with Datuk William Ng, President of the Small and Medium Enterprises Association (SAMENTA) about how businesses, in particular SMEs, are feeling about the incoming regime. We get into how businesses are coping to meet the requirements, their key concerns and friction points, and what else can or should be done to support SMEs in the push to e-invoicing.To recap, from August 1st, taxpayers with annual turnover exceeding RM100mil are required to implement e-invoicing. Following this, businesses with revenue between RM25 million to RM100 million must implement e-invoicing by January 1st 2025, with all other businesses, except some MSMEs, having until July 1st 2025 to adopt e-invoicing. The exemption applies to Micro, small and medium enterprises (MSMEs) earning less than RM150,000 annually as announced last week by Finance Minister II, Datuk Seri Amir Hamzah Azizan.

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Enterprise Explores

E-Invoicing Anxiety? Understanding SME Concerns and Path Ahead

In today’s competitive global economy, talent is key. In this episode, we dive into the IMD World Talent Ranking 2024 with Professor Arturo Bris, Director of the World Competitiveness Center at the Institute for Management Development (IMD). Discover how top economies like Switzerland (ranked 1st), Singapore (2nd), and Nordic countries like Denmark (3rd), Norway (4th) and Sweden (6th)  are excelling in talent development. We also discuss Malaysia's position at 33rd, the impact of AI, and the importance of inclusivity, and what businesses must do to stay competitive in the global talent race.

In today’s competitive global economy, talent is key. In this episode, we dive into the IMD World Talent Ranking 2024 with Professor Arturo Bris, Director of the World Competitiveness Center at the Institute for Management Development (IMD). Discover how top economies like Switzerland (ranked 1st), Singapore (2nd), and Nordic countries like Denmark (3rd), Norway (4th) and Sweden (6th) are excelling in talent development. We also discuss Malaysia's position at 33rd, the impact of AI, and the importance of inclusivity, and what businesses must do to stay competitive in the global talent race.

Talent Powerhouses: What Sets Top Economies Apart

Is your business missing out on crucial financing due to a lack of collateral? In this episode of Enterprise Explores, we dive into how Syarikat Jaminan Pembiayaan Perniagaan (SJPP) is helping Malaysian SMEs access growth capital through government-backed guarantee schemes.



We’re joined by Datuk Fazlur Rahman Zainuddin, Principal Officer of SJPP, to explore how these schemes work, the RM20 billion allocated under Budget 2024, and how businesses across sectors—including green tech, halal, and Bumiputera enterprises—can take advantage of these financing solutions to reduce costs and drive growth.

Is your business missing out on crucial financing due to a lack of collateral? In this episode of Enterprise Explores, we dive into how Syarikat Jaminan Pembiayaan Perniagaan (SJPP) is helping Malaysian SMEs access growth capital through government-backed guarantee schemes.We’re joined by Datuk Fazlur Rahman Zainuddin, Principal Officer of SJPP, to explore how these schemes work, the RM20 billion allocated under Budget 2024, and how businesses across sectors—including green tech, halal, and Bumiputera enterprises—can take advantage of these financing solutions to reduce costs and drive growth.

RM20 Billion for SMEs: How SJPP Helps Businesses Access Crucial Financing

“If you asked me what could be improved, I’d say maybe an agency that doesn’t only focus on the big players like Google and Microsoft, but also one that helps small and medium companies like us settle in.”



In this episode of Enterprise Explores, we take a closer look at the company’s decision to move its Southeast Asia regional office to Malaysia, why it’s not just a cost savings exercise, and what this says about the country’s growing reputation as a regional hub for Foreign Direct Investment (FDI).



We speak with Norbert Hentschel, Regional Managing Director of Nord-Lock Group, to discuss the factors that influenced this move, including labour force availability, logistics infrastructure, and the strategic advantages Malaysia offers over neighbouring countries.



Key Areas of Conversation:

- The main reasons behind Nord-Lock’s relocation to Malaysia, beyond just cost considerations.

- How Malaysia's stable government, multilingual workforce, and logistics infrastructure played a pivotal role in the decision.

- How Nord-Lock plans to grow its workforce and integrate into the local economy, including hiring for high-skilled roles and engaging with local suppliers.

- Malaysia’s potential to compete as a regional hub in Southeast Asia and why companies like Nord-Lock are choosing it over traditional hubs like Singapore.

- Norbert’s insights on the broader trends in FDI, Malaysia’s economic future, and what policies could further enhance the country’s attractiveness for foreign businesses.

“If you asked me what could be improved, I’d say maybe an agency that doesn’t only focus on the big players like Google and Microsoft, but also one that helps small and medium companies like us settle in.”In this episode of Enterprise Explores, we take a closer look at the company’s decision to move its Southeast Asia regional office to Malaysia, why it’s not just a cost savings exercise, and what this says about the country’s growing reputation as a regional hub for Foreign Direct Investment (FDI).We speak with Norbert Hentschel, Regional Managing Director of Nord-Lock Group, to discuss the factors that influenced this move, including labour force availability, logistics infrastructure, and the strategic advantages Malaysia offers over neighbouring countries.Key Areas of Conversation:- The main reasons behind Nord-Lock’s relocation to Malaysia, beyond just cost considerations.- How Malaysia's stable government, multilingual workforce, and logistics infrastructure played a pivotal role in the decision.- How Nord-Lock plans to grow its workforce and integrate into the local economy, including hiring for high-skilled roles and engaging with local suppliers.- Malaysia’s potential to compete as a regional hub in Southeast Asia and why companies like Nord-Lock are choosing it over traditional hubs like Singapore.- Norbert’s insights on the broader trends in FDI, Malaysia’s economic future, and what policies could further enhance the country’s attractiveness for foreign businesses.

E-Invoicing Anxiety? Understanding SME Concerns and Path Ahead

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