Latest news with #PH-Ampang
New Straits Times
14-08-2025
- Business
- New Straits Times
187,652 Malaysians cleared of bankruptcy since 2023
KUALA LUMPUR: A total of 187,652 individuals with debts not exceeding RM200,000 were cleared of bankruptcy between March 2023 and June this year, the Dewan Rakyat was told today. Deputy Minister in the Prime Minister's Department (Law and Institutional Reform) M. Kulasegaran said this figure included those aged 40 and below. "This achievement is clear proof of the Madani government's commitment to implementing reforms that have a direct impact on the people," he said during the question and answer session in the Dewan Rakyat. Kulasegaran was responding to Rodziah Ismail (PH-Ampang), who had asked for the total number of young people aged below 40 who had been freed from bankruptcy, with debts not exceeding RM200,000, He said, through a strategic and inclusive approach under the Madani agenda, people were not cleared of the burden of debt, but also had their dignity restored and were given fresh hope to rebuild their lives. "The government has high hopes that this second chance will provide them with a renewed lease of life and enable them to carry on with their daily lives, in line with the Malaysia Madani agenda, which emphasises the concept of compassion (ihsan) for all through acts of human empowerment," he said.
Yahoo
04-03-2025
- Business
- Yahoo
No plans yet to replicate Johor-Singapore SEZ at borders with Kalimantan and Southern Thailand, Putrajaya says
KUALA LUMPUR, March 3 – The government is open to exploring the possibility of establishing special economic zones (SEZs) along Malaysia's international borders with Kalimantan, Indonesia, but no proposals or discussions have taken place yet, the Economy Ministry said yesterday. In a Parliamentary written reply to Rodziah Ismail (PH-Ampang), the ministry stated that while there are no immediate plans to replicate the Johor-Singapore Special Economic Zone (JS-SEZ) at other border areas including with Southern Thailand, such initiatives could be considered in the future. 'The government, through the Economy Ministry, has no objections to studying and exploring the proposal to establish an SEZ along Malaysia's international border with Kalimantan, Indonesia, particularly through the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) platform,' the ministry said. Meanwhile, in response to a separate question from Jimmy Puah Wee Tse (PH-Tebrau), the ministry detailed the incentives and measures designed to ensure the success of the JS-SEZ. It said the JS-SEZ offers several tax incentives effective from January 1, 2025. These include: A special corporate tax rate of 5 per cent for up to 15 years for companies investing in eligible manufacturing and service activities, such as AI and quantum computing supply chains, medical devices, aerospace manufacturing, and global service hubs. Additional customised incentives for businesses operating in key flagship development zones within JS-SEZ. A special 15 per cent tax rate for eligible knowledge workers employed in JS-SEZ for 10 years. Additionally, it said the Johor state government has agreed to introduce lower entertainment duties starting January 1, 2025, to support economic activities in the SEZ. In January, Malaysia and Singapore formalised the agreement of the JS-SEZ during the 11th Malaysia-Singapore Leaders' Retreat to boost economic cooperation and attract investments. The JS-SEZ is a mega development project covering areas such as the Iskandar Development Region, Desaru, Johor Bahru, Iskandar Puteri, Tanjung Pelepas, Tanjung Bin, Pasir Gudang, Senai, Skudai and Sedenak. Recommended read: All you need to know about the Special Economic Zone and how it will drive economic growth for Malaysia, Singapore
