proposed by Ng Kong Leng

Malaysia should have zero tax by 2050. “Zero tax” — no income tax, no corporate tax, no GST.

Why tax is bad?

1. any government in the world do not often make the right economic and financial decision in allocating tax revenue for the right purpose;
2. tax deters company to invest more in local economy, e.g. Apple does not manufacture iPhone in US;
3. tax deters a person to attain higher income, there is no incentive for you to work harder because you need to pay more tax;
4. tax deters economy growth, especially on consumption as tax had taken away disposal income

What is the solution?

1. Crowd funding or Equity Funding
2. Economic Efficiency via Pareto Improvement

Continue reading →

2016年的祝贺：
诞辰快乐
长乐永康
松柏长春
再创高峰

今年的祝贺：
恭祝拿督吴逸平
事业兴旺如黄金
领导高升如勇鹰

黄公龍
敬贺

by Ng Kong Leng

Introduction

I am a seasonal entrepreneur who have been travelling among the ASEAN countries for market development, trade missions organised by MATRADE and business meetings since 2011.

The countries that I have been are Singapore, Philippines, Indonesia, Vietnam and Thailand.

When I heard that ASEAN members will integrate their economies as ASEAN ECONOMIC COMMINUTY (AEC), this is to me, a good news.

The primary objective of this essay is to share my personal experience in doing business in ASEAN, the problems that I have encountered and the benefits I hope to derive from the integration of ASEAN economy.

The secondary objective is to explore the benefits of AEC for SME in a tangible manner.

Continue reading →

To: Datuk Ng

From: K. L. Ng

Datuk, good afternoon.

I like to brainstorm with you another project that KLSCCCI Young Entrepreneurs (Youth) Commiittee can offer to members and non-members in addition to Business Consulting Programme.

*Project: KLSCCCI Young Entrepreneurs Co-Working Office / Incubation Centre*
– location of office/centre, Wisma Chinese Chamber
– Co-working office is similar to MAGIC that we visited 2 years ago — http://mymagic.my/en/community/#cws
– the business consulting programme can be held there and provide consultation to tenants
– 50% of the space will be offered to qualified young entrepreneurs for free while balance 50% rented out at market rate

*Target Entrepreneurs:*
a) young entrepreneurs who wish to start a business in KL but do not wish to incurr high rental cost
b) Chinese entrepreneurs from ASEAN (e.g. from Manila) who wish to explore Malaysia market and need a office

*Benefits to KLSCCCI:*
a) increase the service, branding, image, good will
b) increase rental revenue to KLSCCCI

*Business Model: social enterprise*

A social enterprise is an organization that applies commercial strategies to maximize improvements in human and environmental well-being—this may include maximizing social impact alongside profits for external shareholders. Social enterprises can be structured as a for-profit or non-profit. What differentiates social enterprises is that their social mission is as core to their success as any potential profit.
Source: https://en.wikipedia.org/wiki/Social_enterprise

What do you think?

To: EXCO Member of KLSCCCI Young Entrepreneurs Committee

From: K. L. Ng

I am just brain storming here ….

Since all of us are entrepreneurs, some may like to invest but do not wish to operate.

If we set up an investment vehicle, share holders/investors are KLSCCI Youth to invest a business say another retail outlet of Original Cake.

Each investor will get a return.

Much like crowdfunding but the crowd is KLSCCCI Youth, business it is more towards tradition business, the sturcture more formal and structure.

To: EXCO Members

From: K. L. Ng

Re: Suggestion on  KLSCCCI YEC Membership Directory/Handbook

It was agreed that when our membership reaches 400 members, a handbook (membership directory) will be printed.

Instead of pending 400 members, I like to suggest that we can print it now as we have 200+ members.

*FORMAT OF HANDBOOK*
1st section: Profile of Chairman, Vice chairmans, EXCO members
2nd section: Profile of KLSCCCI YEC Members sort by company name

*GENERAL FORMAT OF HANDBOOK*
– pasport size photo of member
– logo of business
– Q.R. code containing mobile number, office number, fax, e-mail, www, name, company name, etc.
– profile of founder
– profile of company
– 1 page for 1 member

Currently, with 200+ members, using the above format, the handbook will be 200 pages thick. If 400, then it will be very heavy and bulky.

*BENEFITS*
The benefits of printing handbook now are:-
1) for getting to know each other within youth members: right now, I know the name in Whatsapp group but do not know what is the member’s business.
E.g. If I want to know who is doing printing, I can refer to the handbook, and contact the youth directly (right now is posting a message in whatsapp “Who is doing printing?”);
E.g. If I like to know what business is my group members doing, I can refer to handbook;
E.g. if a member wants to find out more about the group leader, he can refer to the 1st section.

2) to create business opportunites by distributing the handbook to youths from other states during ACCCIM YEC Ipoh.
E.g. KLSCCCI can set up a table during ACCCIM YEC IPOH, if a youth from Ipoh wants to look for JV opportunies in KL, he can go to KLSCCCI YEC table and obtain a copy of the handbook to look for the potentional business partner.

3) the handbook can also be used to distirbute to visiting delegate e.g. MACAU YOUTH

4) to create a value to youth members as they will have a sense of belonging and we are helping them to promote their business to other youth members from other states and countries

*ALTERNATIVELY*
If printing cost is a constraint, then we can consider printing it and distributing it in “pdf” format. Upload to whatsapp group and our Facebook.

If the above suggestion is beneficial, please discuss during the upcoming EXCO meeting in March.

Dear Sir,

Greetings from Malaysia-China Business Council (MCBC)!

Kindly be informed that Malaysia-China Business Council will be organising the Malaysia-China Digital Economy Forum with Huawei as the co-organiser of the event. Our Prime Minister, Y.A.B. Dato’ Sri Mohd. Najib bin Tun Haji Abdul Razak will be officiating the Opening Ceremony.

We are pleased to invite you to attend the Malaysia-China Digital Economy Forum at Grand Ballroom, Level 10, Double Tree by Hilton Hotel, The Intermark 348 Jalan Tun Razak, Kuala Lumpur with details as follow:

We are looking forward to your favourable reply and would be honoured by your presence at the event.

Please click here for registration latest by 20 October 2016.
Should you require further information, please feel free to contact Ms. Carolyn Tan or Ms. Yong of MCBC Secretariat at 03-7727 1948 or email to registration@mcbc.com.my .

Thank you.

Best regards,
MCBC Secretariat

Malaysia-China Business Council (MCBC)
Level 6-05 & 6-06, Menara LGB, No. 1, Jalan Wan Kadir, Taman Tun Dr. Ismail, 60000 Kuala Lumpur, Malaysia.
T: +603-7727 1948
F: +603-7725 1396
www.mcbc.com.my

source: https://hbr.org/2017/01/to-lead-a-digital-transformation-ceos-must-prioritize

Key Points:-

1. most companies simply launched their own apps, deployed robotics, established partnerships with digital players, or are using data to analyze their business and make better decisions. The problem is that that these efforts tend to be ad-hoc and uncoordinated
2. three ways to manage the digital transition are:
   1. Define where change is needed most
   2. Choreograph the change
   3. Empower people
3. appoint a Chief Digital Officer – manger or orchestrator of digital transformation in company

Please be informed that the Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) revises the conditions of the applicant on the requirements of application for the supporting letter for APEC Business Travel Card with effect from 1st November 2016.

Conditions of the Applicant:

KLSCCCI’s Life Member

– Company’s senior position

– Company’s Directors (eg: Executive Director, Managing Director, Chairman and CEO)

For KLSCCCI’s existing ordinary members who would like to renew or apply for APEC Business Travel Card, please convert your membership to life member. The conversion application form can be obtained from the Secretariat. For further inquiry, please contact Ms. Mei or Mr. Koh of KLSCCCI Secretariat at Tel: 03-4253 2135 or e-mail: yowcm@chinesechamber.org.myor kohks@chinesechamber.org.my .

Thank you.

Yours faithfully,

HO SOO FONG

Executive Director

We are pleased inform that the National Chamber of Commerce and Industry of Malaysia (NCCIM), the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) will jointly organise the “Moments of Unity” Happy Gathering on 21^st January 2017, 8.30 a.m. at Canopy, Lake Garden, Kuala Lumpur. Details of the event are as follows:

We enclose herewith the location map, invitation card and tentative programme for your perusal.

All Honorary Life Presidents, Honorary Presidents, Advisers, Council Members and Committee members of KLSCCCI are cordially invited to this event. The Organiser will provide a “Unity T-shirt” to all participants of this event.

Please revert to Ms. Mei or Ms. Wong of Secretariat by 3^rd January 2017 (Tuesday) to facilitate arrangement. Tel: 03-4253 2135; Fax: 03-4253 2524; E-mail: inquiry@chinesechamber.org.my.

Thank you.

Yours faithfully,

HO SOO FONG

Executive Director