Dear Valued Clients,
Welcome to our E-Newsletter June 2018
We kicked off 2018 in full force, and we are going to keep up with the growing momentum in June, and even the months after this. Before we turn the page to the month of June 2018, I would like personally to update you on what we have achieved in May, and what lies ahead.
New Member in 3E International Network
Since its establishment, 3E Accounting International Network has been consistently delivering growth, supported by its high quality networking members. The advanced knowhow, expert skills and steadfast commitment of our people and networking members have led to significant business achievements, the most recent being Barbados, the new network member that strengthens our standing in global accounting network. Our on-going endeavour to excel and to succeed has penned a saga of success in our International Network.
Malaysia’s 14th General Election and its New Government
May have been a transition month for Malaysia. Malaysian 14th General Election delivered a result as astonishing as it was predictable. Malaysian voters turned against the parties most recently in power – the long-ruling government since the country’s independence. Though the surprise verdict has sent a shocking wave to the market and its future, the stunning return of the 92-year-old Prime Minister to the office has brought in a breath of fresh air, and a strong reassurance to the financial market. For one, Tun Mahathir pledged to maintain a business-friendly environment in the country. For another, the formation of Council of Elderly that consists of a former finance minister and a former central bank’s governor has inspired market confidence. To many Malaysians, the best things since sliced bread are the move to reduce the 6% GST to 0%and stabilization of fuel prices in the country. While many think that there is a rocky path ahead for the new government, we can also foresee business opportunities brewing in the country.
New Government, More Business Opportunities
The return of Tun Mahathir and the composition of the new government in Malaysia have raised the hopes of the nation. Despite the high debt burden (which is also a key credit challenge), the new government has inherited a strong economy, with growth averaging 5.5 per cent over the past eight years. We can say that now is the best timing to invest in Malaysia. However, starting or growing a business can be very challenging. 3E Accounting Singapore has setup a Malaysia Desk to further assist your business expansion plan into Malaysia. As the leading accounting firm in Malaysia, we are here to help you to tap into all the resources and assistances you can find. Please stay tuned for more updates and do not hesitate a second before sending your inquiries to us!
As we constantly navigate the challenges, we will not lose sight of our long-term vision to manage to deliver superior sustainable solutions to the world. 3E Accounting Singapore aims to be the leading accounting firm in the industry, and you can expect great things from us.
Thank you.
Lawrence Chai
Managing Director
Read More in our E-Newsletter June 2018.
