On October 26, 2024, the Malaysia Chinese Women Entrepreneurs Association (MCWEA) hosted a forum titled “The Budget 2025 and Its Impact on Your Business,” in collaboration with the Zong Xiang Chinese Chamber of Commerce.
Sponsored by Melilea Asiapac and Alliance Bank, the event featured notable speakers: Mr. Titan Lee, Vice President of Alliance Islamic Bank Berhad, who discussed banking privileges for SMEs, and Mr. Alan Cheah, Business Entrepreneur at Melilea International Group of Companies, who shared insights on entrepreneurship.
Datin Sri Jessie Wong, the National President of the MCWEA, shared her perspectives on the role of women in business and the challenges they face with the upcoming Budget 2025.
Dato Sri Robert Lim, President of the Zong Xiang Chinese Chamber of Commerce, addressed current economic challenges and transformational opportunities provided by the MCWEA.
Additional speakers included Datin Seah Siew Yun, who has over 30 years of tax expertise, Mr. Nicholas Chu, a renowned financial consultant, and Mr. Eng Kin Hoong, President of MCBEA. They covered crucial topics such as:
- The allocation of Budget 2025 funds
- Impact on businesses due to dividend tax, minimum wages, levy, and Target 95
- Individual relief for home buyers
- Financial implications on the M40 group and inflation
- Tax incentives for employers with female employees resuming work.
These discussions highlighted the steps businesses should take to prepare for the challenges and opportunities that lie ahead.
For inquiries, please contact Lenny Chiah of the MCWEA at 0193863880.
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