Latest news with #SAMENTA
Barnama
2 days ago
- Business
- Barnama
LPG Permit Postponement: Proactive Measure Protecting Small Traders
GENERAL KUALA LUMPUR, June 6 (Bernama) -- The Small and Medium Enterprises Association Malaysia (SAMENTA) has described the government's decision to postpone the permit requirement for the use of subsidised liquefied petroleum gas (LPG) cylinders as a timely move to protect local traders. Its president, Datuk William Ng said although these are minor administrative changes, they have a huge impact on business continuity and the people's cost of living. "Without these measures, thousands of small traders, particularly in the micro and non-formal sectors, could be more adversely affected. We are thankful for the government's proactive approach, which has managed to avoid a crisis in microenterprise business at the national level. "More importantly, these decisions send a clear and positive message that the government recognises the Small and Medium Enterprises (SMEs) as the country's main economic pillar, as well as being responsive and prepared to improve its policies based on feedback from the grassroots,' he said in a statement today. Yesterday, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said that micro and small-scale traders in the food and beverage sector may continue using subsidised liquefied petroleum gas (LPG) cylinders without a special permit until the amendments to the Control of Supplies Regulations (PPKB) 2021 are finalised in October. He also said that no legal action would be taken against this group of traders during the transition period. Commenting on the exemption from the e-invoice requirement and the extension of the e-invoice implementation invoice for SMEs, Ng said this would protect small traders, hawkers and family-owned businesses, which mostly do not have digital infrastructure, from the burden of compliance that could cause them to go out of business or operate informally. "We truly appreciate the government's firm decision to permanently exempt businesses which record annual revenues of below RM500,000 from the e-invoice obligation. "Similarly, the postponement of the implementation of e-invoices for businesses with revenues below RM5 million to Jan 1, 2026, provides much-needed space and time for SMEs to prepare, upskill and adapt. Such flexibility is crucial for the survival and growth of small businesses in an ever-changing economic landscape,' he said.
The Sun
2 days ago
- Business
- The Sun
LPG Permit postponement: Proactive measure protecting small traders
KUALA LUMPUR: The Small and Medium Enterprises Association Malaysia (SAMENTA) has described the government's decision to postpone the permit requirement for the use of subsidised liquefied petroleum gas (LPG) cylinders as a timely move to protect local traders. Its president, Datuk William Ng said although these are minor administrative changes, they have a huge impact on business continuity and the people's cost of living. 'Without these measures, thousands of small traders, particularly in the micro and non-formal sectors, could be more adversely affected. We are thankful for the government's proactive approach, which has managed to avoid a crisis in microenterprise business at the national level. 'More importantly, these decisions send a clear and positive message that the government recognises the Small and Medium Enterprises (SMEs) as the country's main economic pillar, as well as being responsive and prepared to improve its policies based on feedback from the grassroots,' he said in a statement today. Yesterday, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said that micro and small-scale traders in the food and beverage sector may continue using subsidised liquefied petroleum gas (LPG) cylinders without a special permit until the amendments to the Control of Supplies Regulations (PPKB) 2021 are finalised in October. He also said that no legal action would be taken against this group of traders during the transition period. Commenting on the exemption from the e-invoice requirement and the extension of the e-invoice implementation invoice for SMEs, Ng said this would protect small traders, hawkers and family-owned businesses, which mostly do not have digital infrastructure, from the burden of compliance that could cause them to go out of business or operate informally. 'We truly appreciate the government's firm decision to permanently exempt businesses which record annual revenues of below RM500,000 from the e-invoice obligation. 'Similarly, the postponement of the implementation of e-invoices for businesses with revenues below RM5 million to Jan 1, 2026, provides much-needed space and time for SMEs to prepare, upskill and adapt. Such flexibility is crucial for the survival and growth of small businesses in an ever-changing economic landscape,' he said. Yesterday, the Inland Revenue Board (IRB) said in a statement that taxpayers with revenues or annual sales of below RM500,000 are exempted from implementing the e-invoice system for the time being. It added that e-invoicing implementation will be postponed to Jan 1, 2026 for businesses with an annual revenue of between RM1 million and RM5 million, and to July 1, 2026 for businesses with an annual revenue of up to RM1 million. The IRB said that the decision was taken after the government took into consideration the taxpayers' commitment, in particular the micro, small and medium enterprises (MSMEs), which require sufficient time and preparation to comply with mandatory implementation.
The Sun
2 days ago
- Business
- The Sun
LPG Permit delay helps protect small traders
KUALA LUMPUR: The Small and Medium Enterprises Association Malaysia (SAMENTA) has described the government's decision to postpone the permit requirement for the use of subsidised liquefied petroleum gas (LPG) cylinders as a timely move to protect local traders. Its president, Datuk William Ng said although these are minor administrative changes, they have a huge impact on business continuity and the people's cost of living. 'Without these measures, thousands of small traders, particularly in the micro and non-formal sectors, could be more adversely affected. We are thankful for the government's proactive approach, which has managed to avoid a crisis in microenterprise business at the national level. 'More importantly, these decisions send a clear and positive message that the government recognises the Small and Medium Enterprises (SMEs) as the country's main economic pillar, as well as being responsive and prepared to improve its policies based on feedback from the grassroots,' he said in a statement today. Yesterday, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said that micro and small-scale traders in the food and beverage sector may continue using subsidised liquefied petroleum gas (LPG) cylinders without a special permit until the amendments to the Control of Supplies Regulations (PPKB) 2021 are finalised in October. He also said that no legal action would be taken against this group of traders during the transition period. Commenting on the exemption from the e-invoice requirement and the extension of the e-invoice implementation invoice for SMEs, Ng said this would protect small traders, hawkers and family-owned businesses, which mostly do not have digital infrastructure, from the burden of compliance that could cause them to go out of business or operate informally. 'We truly appreciate the government's firm decision to permanently exempt businesses which record annual revenues of below RM500,000 from the e-invoice obligation. 'Similarly, the postponement of the implementation of e-invoices for businesses with revenues below RM5 million to Jan 1, 2026, provides much-needed space and time for SMEs to prepare, upskill and adapt. Such flexibility is crucial for the survival and growth of small businesses in an ever-changing economic landscape,' he said. Yesterday, the Inland Revenue Board (IRB) said in a statement that taxpayers with revenues or annual sales of below RM500,000 are exempted from implementing the e-invoice system for the time being. It added that e-invoicing implementation will be postponed to Jan 1, 2026 for businesses with an annual revenue of between RM1 million and RM5 million, and to July 1, 2026 for businesses with an annual revenue of up to RM1 million. The IRB said that the decision was taken after the government took into consideration the taxpayers' commitment, in particular the micro, small and medium enterprises (MSMEs), which require sufficient time and preparation to comply with mandatory implementation.
BusinessToday
2 days ago
- Business
- BusinessToday
Small Traders Relieved After Govt Postponed E-Invoice Implementation
Micro-enterprises in Malaysia will be permanently exempted from mandatory e-invoicing, while small and medium enterprises (SMEs) earning below RM5 million annually will have their e-invoicing deadline extended to Jan 1, 2026, in a move welcomed by the Small and Medium Enterprises Association of Malaysia (SAMENTA). The Government has also temporarily waived LPG permit requirements for small food and beverage traders, easing the regulatory load on street-level operators and hawkers. Datuk William Ng, National President of SAMENTA 'These exemptions are not only timely but also reflect an understanding of the real challenges faced by small businesses on the ground,' said Datuk William Ng, National President of SAMENTA. The e-invoicing exemption applies to businesses earning below RM500,000 a year, many of which operate without digital infrastructure. SAMENTA had earlier raised concerns that mandatory compliance could push small traders to shut down or turn to informal operations. The association also noted that the LPG permit waiver, although minor on paper, has 'significant implications for business continuity and the cost of living.' SAMENTA credited the Government's response with averting what could have escalated into a 'national micro-business crisis.' Related
New Straits Times
28-05-2025
- Business
- New Straits Times
Samenta urges policy continuity, bold reforms ahead of 13MP finalisation
KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (SAMENTA) has urged the government to maintain policy continuity and commit to bold, long-term economic reforms as the 13th Malaysia Plan (13MP) draws closer to its finalisation. The call was made following the resignation of Datuk Seri Rafizi Ramli as Minister of Economy. The association warned that Malaysia risks losing another economic cycle unless the reforms outlined in the draft 13MP are safeguarded and fully implemented. In a statement today, its president, Datuk William Ng, said 13MP must be viewed as a national blueprint born out of broad consultations and urgent necessity. "Malaysia has fallen behind Asian peers because we've failed to act boldly on the basics, namely education, productivity, and enterprise competitiveness. "We understand the plan seeks to pivot the economy towards productivity, private sector investment, and behavioural change. But we must also agree that no plan will succeed if we do not address the underlying issues that continue to hold Malaysia back," he said. The association emphasised the need for the incoming leadership at the Ministry of Economy to preserve the core strategic thrusts of 13MP, including its focus on policy sequencing, behavioural incentives, and place-based development. The government must also ensure execution readiness by aligning ministries, agencies, and budget priorities around outcomes, not merely activities. "The 13MP may very well be our last real chance to become a truly high-income, innovation-driven economy. We cannot afford to keep revisiting the same challenges every five years," Ng said. -- BERNAMA TAGS: SAMENTA, 13th Malaysia Plan, William Ng, economy
