The growing prominence of e-commerce in Malaysia and across the globe due to the increase in trade volumes will continue to influence the growth of ocean, air and freight forwarding services
Normally logistic industry will post strong net earnings end of the year. Stay monitoring as this company might break through 52 weeks high within this year
Malaysian logistics industry is projected to reach RM66.25 billion in 2023 and grow to RM87.57 billion in 2027, expanding at a compounded annual growth rate (CAGR) of 7.1% for the forecast period. Worth putting it for 2-3 years 😊
I totally agreed on that because certain businesses / scenario are exempted from SST, whereas GST charges from upstream to downstream business. Bad for consumers, but it's said good for enterprises
Speaking of up and downstream, KGW is also involve in downstream business which is provide training, management services for e-commerce companies (mainly on Amazon, eBay, Etsy, etc.), besides the company's core shipping and logistics services
Anwar said the tax is not applicable on services such as food and beverages, and telecommunications, however the government announced that the scope of taxable services would be expanded to include logistic, brokerage, underwriting and karaoke services in 2024, as part of efforts to increase the government's coffers.
Don't worry, they promote the online business in Budget 2024. They will make the exemption for the sector unless they want to contradict what they propose in the budget
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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kahfui1221
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Posted by kahfui1221 > 2023-10-20 09:06 | Report Abuse
The growing prominence of e-commerce in Malaysia and across the globe due to the increase in trade volumes will continue to influence the growth of ocean, air and freight forwarding services