1,596 Of 13,304 Micro Cluster Co-operatives Are Inactive – Ramanan

KUALA LUMPUR,, Deputy Minister of Entrepreneur Development and Co-operatives Datuk R. Ramanan informed the Dewan Negara today that 1,596 out of 13,304 micro-cluster co-operatives are inactive. He stated that the Ministry, through the Malaysian Co-operative Commission, is committed to enhancing the capability of micro-cluster co-operatives by implementing various initiatives and programmes. “Among others, we have…

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Malaysia’s Official Reserve Assets At US$113.82 Bln As At End-June 2024 – BNM

KUALA LUMPUR,, Malaysia’s official reserve assets amounted to US$113.82 billion (US$1=RM4.61) while other foreign currency assets stood at US$513.40 million as at end-June 2024, according to Bank Negara Malaysia (BNM). In a statement today, the central bank gave the detailed breakdown of international reserves, which provides forward-looking information on the size, composition, and usability of…

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IRB Launches MyInvois To Strengthen National Taxation System

KUALA LUMPUR,, The Inland Revenue Board of Malaysia (IRB) has launched the MyInvois portal, kicking off its implementation of e-invoicing effective Aug 1, 2024. In a statement today, the IRB said the move will strengthen the country’s taxation system, increase transparency, and provide a more accurate assessment of compliance risk. The statement said e-invoicing will…

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Cleaner Claims Trial To Robbing Elderly Woman

KUALA LUMPUR,, A cleaner pleaded not guilty in the Sessions Court here today to robbing an 87-year-old woman of RM600 in cash in front of an apartment lift last week. M. Ananthan, 35, was charged along with an accomplice who remains at large, with committing a gang robbery against Wan Swee Yin in front of…

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