Day: July 31, 2024

KUALA LUMPUR,, The Inland Revenue Board of Malaysia (IRB) has launched the MyInvois portal, kicking off its implementation of e-invoicing effective Aug 1, 2024. In a statement today, the IRB said the move will strengthen the country’s taxation system, increase transparency, and provide a more accurate assessment of compliance risk. The statement said e-invoicing will be implemented in stages, with the first phase involving 5,000 companies with recorded annual revenue or sales exceeding RM100 million starting Aug 1, 2024. “The second phase will start on Jan 1, 2025, involving companies with annual revenue or sales of between RM25 million and

KUALA LUMPUR,, Global credit rating agency, AM Best has maintained a stable outlook on Vietnam’s non-life insurance segment, citing accelerating non-life premium growth and increased demand for commercial lines insurance. In its latest Best’s Market Segment Report, ‘Market Segment Outlook: Vietnam Non-Life Insurance’, the rating agency notes the country’s Insurance Business Law as a recent regulatory refinement supporting the stable outlook, as the newly adopted requirements on risk management, internal controls, internal audits and actuarial standards are expected to enhance risk governance and strengthen financial conduct. Property insurance was a key business growth driver in 2023, in which government spending

KUALA LUMPUR,, Hunter Point Capital (HPC), an independent investment firm providing capital solutions to alternative asset managers, has appointed SD Chu and Akira Takahashi as Managing Director, Singapore, and Senior Advisor, Japan, respectively, effective immediately. Chu and Takahashi will exclusively focus on amplifying HPC’s presence in Asia and helping the firm’s General Partner (GP) partners build and strengthen relationships in the region, particularly in Korea and Japan, according to a statement. ‘The demand for private capital solutions has gone global and we recognise that Asia is an important and growing region where on-the-ground knowledge of market dynamics is paramount. ‘SD