Malaysia accelerates rollout of electronic invoicing
Malaysian Inland Revenue Board (IRB) deputy chief executive officer (Tax Operations) Shaharrudy Othman said approximately 55,000 taxpayers are expected to be onboarded in this phase, and expressed confidence that the take-up rate would mirror previous phases.
Kuala Lumpur (VNA) - Phase 3 of Malaysia’s e-invoice system rollout kicked off on July 1, targeting taxpayers with annual revenue between 5 - 25 million MYR (1.2 - 6.2 million USD).
Malaysian Inland Revenue Board (IRB) deputy chief executive officer (Tax Operations) Shaharrudy Othman said approximately 55,000 taxpayers are expected to be onboarded in this phase, and expressed confidence that the take-up rate would mirror previous phases.
According to the official, over 5,400 taxpayers adopted the e-invoice system in Phase 1, which began on August 1 last year. Phase 2 saw about 13,000 taxpayers join the system starting January this year. To date, 352 million e-invoices have been submitted.
The fourth and fifth phases of the rollout will target businesses with annual income between 1 - 5 million MYR starting January 1, 2026, and those earning up to 1 million MYR beginning July 1, 2026.
Earlier, IRB also launched the MyInvoice e-POS System, a free digital Point-of-sale (POS)ꦯ platform designed specifically for micro, small, and medium enterprises (MSMEs) with annual revenue below 750,000 MYR./.
Young people in ASEAN are no longer just the leaders of tomorrow but the changemakers of today, said.Malaysian Minister of Investment, Trade and Industry Tengku Abdul Aziz.
Second Finance Minister Datuk Seri Amir Hamzah Azizan said the 2025 Budget Initiative aims to stimulate SME-driven growth and enhance economic resilience, while bolstering investor confidence.
Startup ASEAN platform brings all stakeholders together under one digital roof, expected to promote open innovation, improve access to capital, and strengthen ASEAN’s position as a dynamic and connected innovation powerhouse.
The event underscored Vietnam’s proactive role in advancing human rights in the context of climate change, helped strengthen its network of partners, and shared practical lessons with the international community.
SEA Games 33 is scheduled for December 9–20 in Bangkok, Chon Buri, and Songkhla, while the ASEAN Para Games 13 will take place from January 20–26, 2026, in Nakhon Ratchasima
Danantara CEO Rosan Roeslani said the collaboration could help Indonesia achieve its renewable energy targets, including a 34% renewable energy mix by 2034 and 87% by 2060.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is preparing to hold discussions with the Bank of Thailand, the National Economic and Social Development Council (NESDC), the Finance Ministry and the Commerce Ministry to realign economic priorities given the limited available resources, with a focus on the next 6-12 months.
Currently, Indonesia's daily oil consumption stands at 1.6 million barrels and it sets an ambitious target of achieving 1 million barrels of oil per day by 2029 or 2030.
In its first year, Tomorrowland will hold a 2-3 day event, offering exclusive packages, pre- and post-tours, and hotel accommodations. This model will resemble Tomorrowland in Belgium, which will significantly boost Thailand’s tourism industry.
The police has taken appropriate measures to ensure high preparedness ahead of this meeting, and the main focus is on the security of VIPs, traffic control and handling emergencies, he said, adding the team will use sophisticated technologies such as facial recognition systems and explosives detection to ensure the event runs smoothly.
At a press briefing on July 3, Indonesia's national search and rescue agency chief Mohammad Syafii confirmed that five people died in the incident and 25 are still missing.
Thai Deputy Prime Minister and Interior Minister Phumtham Wechayachai was assigned Acting Prime Minister, replacing caretaker Prime Minister Suriya Juangroongruangkit, following a special Cabinet meeting on July 3.
Under the new regulations, only pedestrians and users of personal mobility aids (PMAs), such as electric wheelchairs, are allowed on pedestrian-only paths, which are marked with the words “pedestrians only.” Cycling paths, by contrast, are painted red.
The two-tier local government model will serve as a key driver for Vietnam’s green economic development and enhanced governance capacity amid the Fourth Industrial Revolution and deep international integration, according to Prensa Latina.
The Indonesia Manufacturing Purchasing Managers’ Index (PMI) from S&P Global, released on July 1, dropped to a reading of 46.9 in June from 47.4 in May, indicating a further deterioration in the health of goods-producing industries.
From July 1, 2025 to December 31, 2026, the new tariff in Malaysia aims to boost electricity costs by 10-14% before surcharges for major consumers such as data centres.
Indonesia plays an important role in the ASEAN digital ecosystem, with a population of 280 million people, or around 40% of the ASEAN population, and makes a substantial contribution to the region's digital economy.
Malaysia is focusing on seamless accessibility, improved infrastructure, and sustainability-driven experiences that meet the changing preferences of modern travellers, according to Minister of Tourism, Arts, and Culture Datuk Seri Tiong King Sing.
Phuket Eye, part of the Phuket Model initiative, is a cooperative project that safeguards safety, prioritising crime suppression, tourist safety inspection, and traffic management.
