MSMEs below RM150,000 exempted from e-invoice
China Press headlined that the Chinese perpetrator Toh Kian Peng, who robbed and killed a beauty salon owner 11 years ago, escaped the death penalty after a review by the Federal Court yesterday morning. He was sentenced to 36 years in prison and 12 lashes.
Nanyang Daily reported that the chief executive officer of the Inland Revenue Board of Malaysia (LHDN), Datuk Dr Abu Tariq Jamaluddin, pointed out that micro, small, and medium enterprises (MSME) with annual revenues below RM150,000 will be completely exempt from the electronic invoicing (e-invoicing) system.
Sin Chew Daily front paged that Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim announced that the financial restructuring of the Malaysia Airports Holdings Berhad (MAHB) successfully saved RM10 billion in costs, while the equity restructuring of the group also saved RM5 billion.
Kwong Wah Daily reported that the Penang Island City Council’s latest ban on 13 types of local cuisine being prepared by foreign workers has sparked some controversy.
On June 15, the Penang Island City Council listed 13 types of Penang speciality foods that will be banned from being cooked by foreign workers in private coffee shops and food centres. These include laksa, Hokkien mee, fresh fish, fried carrot cake, nasi lemak, char kway teow, curry mee, pig intestines, oyster omelette, braised meat, wanton mee, fried squid noodles, and kway teow soup.
Guang Ming Daily reported that two individuals were charged in court yesterday in connection with the suicide of Indian social media influencer Esha, who was a victim of cyberbullying. The male defendant, B. Sathiskumar, pleaded guilty to the misuse of social media but denied the charge of intentionally insulting the modesty of Esha’s mother.
The female defendant Shalini Periasamy pleaded guilty to the charge of intentionally using vulgar language and was fined RM100.
Editorial
Sin Chew Daily said that the federal government’s colossal debt of RM1.22 trillion isn’t frightening as long as the money is used appropriately. Singapore’s debt-to-GDP ratio is 168%, and the USA’s is 120%, both significantly higher than Malaysia’s 63%.
However, these countries effectively leverage financial principles and make sound investment decisions, said the daily. We should learn from them, added the daily.
Nanyang Daily said that concerns about job security for local workers must be acknowledged. However, as we enter the era of AI and robotics, the labor market’s ecosystem, models, and techniques have undergone significant changes and restructuring, the daily said.
The daily added that the salary structures, candidate selection criteria, and data from the labour surge era might need to undergo revolutionary changes.