A major concern after the implementation of the GST with effect from 1st April 2015 is the resulting effects on businesses whether the imposition of service charge shall be allowed. The Ministry of Domestic Trade, Co-operatives and Consumerism (KPDNKK) has recently issued a directive on the service charge imposed by restaurant and hotel operators that the 10% service charge must be stipulated in the collective agreement (CA) between employers and employees before businesses can impose the service charge, and the outlet must display the certificate on their premises so that the consumer will know they will have to pay the service charge, otherwise they will be charged under Price Control and Anti-Profiteering Act 2011. The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) opined that the Government announced this implementation hastily has caused confusion and chaos among the public, subsequently there are consumers who are unhappy to pay both service charge and GST have refuse to pay the service charge. This has greatly affected the operation of the businesses and thus put them in dilemma.
ACCCIM and Bank of China Work Together to Create Platform for Closer Collaboration between Malaysian
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and Bank of China (Malaysia) Berhad (BOC) are jointly organising the “One Belt One Road” Malaysia-China Economic Conference on 29th June 2015 (Monday) at the One World Hotel, Selangor, Malaysia, and to arrange Business Matching session for enterprises from Malaysia, China and Southeast Asian countries to meet and explore business opportunities.
The “One Belt One Road” Malaysia-China Economic Conference is endorsed by the Ministry of International Trade and Industry of Malaysia (MITI), Embassy of the People’s Republic of China in Malaysia, Malaysia-China Business Council (MCBC) and National Chamber of Commerce and Industry of Malaysia (NCCIM); and supported by Malaysia External Trade Development Corporation (MATRADE), Malaysian Investment Development Authority (MIDA), Malay Chamber of Commerce Malaysia (MCCM), Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI), Malaysian International Chamber of Commerce and Industry (MICCI) and Malay Businessmen and Industrialists Association of Malaysia (Perdasama).
Ladies and gentleman,
First of all, on behalf of ACCCIM, I have great pleasure to welcome everyone to the Press Conference on “One Belt One Road” Malaysia-China Economic Conference.
This is the first ever collaboration between ACCCIM and Bank of China in organising such a significant economic conference in Malaysia.
Malaysia and China have seen one of the most cordial and productive relationships in Asia-Pacific, one with implications beyond their bilateral ties. The bilateral relationship between Malaysia and China has undergone a transformation since the establishment of official ties with China back in 1974.
The relations between Malaysia and China were elevated from strategic cooperation to comprehensive strategic partnership during Chinese President Xi Jinping’s visit to Malaysia in 2013. Both Malaysian and Chinese Government have signed a Five Year Programme for Economic and Trade Cooperation to strive US$160 billion by 2017 to further deepen bilateral and economic relations between the two countries by expanding trade cooperation, investment, tourism, education, financial, infrastructure and security etc.
Trade between Malaysia and China registered US$102 billion in 2014 and Malaysia remained as China’s largest ASEAN trading partner for six consecutive years since 2008, also China’s third biggest Asian trading partner after Japan and South Korea.