Incentives in Malaysia’s Special Economic Zones: A Guide for Businesses

Special economic zones (SEZs) in Malaysia provide fiscal incentives and tax relief, sector-specific perks, and strong infrastructure. We list the available incentives for businesses in the country’s respective SEZs.

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Australia’s clean energy future being stalled by government opposition to nuclear

The Minerals Council of Australia (MCA) has declared that the nation’s net zero future is being held back by a government failure to see nuclear energy as a key solution to reducing emissions. “We need all energy options on the table, to ease the burden on heavy industry and manufacturers, and ensure they maintain their international competitiveness,” Ms Constable said in releasing the MCA’s “Nuclear: Decarbonising Australia’s Industrial Heat Sector” report.

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Critical moment in the region’s history

Western Australia’s Kimberley is regional Australia at its most extreme, whether it is in scale, beauty, challenges or opportunity. And it is a region at a crucial moment in its history. When record-breaking floodwaters swept through much of the region earlier this year, following well-publicised social unrest and crime last year, the region’s immediate prospects looked difficult. Yet it is a region that has continued to capture imaginations, with the area now emerging as a prospective new renewable energy hotspot and drawing a new generation of investment that could take it closer to finally capitalising on its potential.

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Opinion | Autonomous cities are the next big thing for SEZs

Farsighted government leaders see the opportunity for more than just billions of dollars’ worth of immediate foreign direct investment. They see the importance of attracting young talent, such as creators, entrepreneurs and artists, who are seeking communities they are inspired by and choose to live in. These are the people who will shape and move the world of tomorrow. They are the ones creating economic and social opportunities. Judging by the amount of excitement, and by the projects currently under early development, the time is right. Autonomous cities are the next big thing. They are the next generation of SEZs, and so much more.

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News Australians are ready, willing, and able to work – let them!

Currently, only 3 per cent of pensioners work in Australia, compared to 25 per cent in New Zealand. This is not because pensioners in Australia do not want to work. Research has shown that around one in five want to work, but do not, because of unfair tax and red tape barriers.The solution is to follow New Zealand’s approach by removing all red tape on pensioners, students, and veterans. This would mean that these Australians could earn as much income as they would want, without losing their pension payments or welfare benefits. Of course, they would still pay income tax like every other Australian worker. Removing all red-tape and barriers for Australian pensioners, veterans, and students to get back into the workforce, without suffering significant financial penalties, is a simple and effective policy measure that is good for them and good for our nation. More Australians working means higher government revenue through income tax, GST, and payroll tax, which can be reinvested into infrastructure and used to pay down our debt.

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Kazakhstan to Introduce Roadmap to Increase Efficiency in SEZs | Govt plans one-stop service for SEZs

17 January 2023.

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Jobs and Skills Summit: Seniors will be able to work extra hours without losing pension entitlements

Prime Minister Anthony Albanese wrapped up the two-day event in Canberra by announcing the anticipated change to the pension — a policy WA billionaire Gina Rinehart campaigned for ahead of the Federal election. Ms Rinehart said the new measure could have gone further, and the paperwork pensioners need to undertake, along with other restrictions would just deter pensioners from working.

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Japan, Korea say Australian gas exports critical

“The Japanese government has been asking the Australian government to implement any measure in such a way that it does not impact Japan’s supply of LNG from Australia, and the Japanese government will continue doing so,” a Japanese government official told The Australian Financial Review. He also said Korea was focused on securing more urgent supplies of critical minerals. “The sense of vulnerability they have because of china’s dominance of that market is enormous.” Senex Energy, a subsidiary of Korean steelmaker Posco and Gina Rinehart’s Hancock Resources, earlier this month announced plans for a $1 billion coal seam gas expansion in Queensland. Government and Japanese trading house sources in Tokyo said there was also a huge appetite by Japanese companies to invest in the Australian energy sector, particularly now that political risk meant China and Russia were being ruled out for new investments.

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Industry fumes over secret Qld environment amendment bill

“It can take years, if not decades, for exploration companies to gain approvals to explore to get minerals and commodities out of the ground and transported to customers, so maintaining long-term confidence in our sector is essential for investors to make long-term decisions.” QUEENSLAND miners are growing increasingly fearful that the state government is embarking on decisions that may impact the sovereign risk of resources projects without due consultation after it has been revealed a bill is being prepared that will allow mining project approvals to be retrospectively retracted or changed. “Without consistent and successful exploration, and the confidence of domestic and international investors, there is no Queensland resources industry,” he said.

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UAE Corporate Tax law will continue incentives for free zone based entities

The UAE Ministry of Finance (MoF) has released a public consultation document inviting comments from stakeholders on the proposed legislation. A progressive step by the Ministry, which provides an opportunity for businesses to play a key role in formulating the UAE Corporate Tax law.

While there is no tax on individual income, income from activities carried out by individuals through a commercial license would attract the tax. Further, federal and emirate governments, their departments, and companies carrying out sovereign activities, companies engaged in the extraction of natural resources, charities, pension funds, investment funds (subject to conditions) would be exempt.

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