Non-financial information Bonia Cooperation Berhad Bonia Cooperation Berhad is a company that involve in retail and distribution of leatherwear, foot wear, men appearance and accessories. The founder was Chiang Sang Sem and he is still the CEO for this company until now. He have over 30 year experience in the leather industry. He have skills and expertise in the leather industry. He always travel all around the world to ensure that his company follow the trend of fashion.
In 2009, the GST bill was tabled for reading at Dewan Rakyat. It was further deferred again for it defectiveness and lack of laws and regulation on implementing it. Finally on 2013, after the 13th General Election, the Prime Minister Datuk Seri Najib Razak declares GST of 6% in Malaysia effectively commence from 1st April 2015. Please refer to Diagram
It now appears as though this might become reality as GST, the replacement of Sale and Service Tax (SST) was implemented with a standard rate of 6% and was effective from 1st April 2015. The implementation of GST aims to strengthen tax compliance, through simpler and more transparent tax system to increase the efficiency of current taxation system. On top of that, government is looking ways to rein back national budget deficit by diversifying its source of income and less dependence on oil revenue. GST would have profound impact on low and middle income households than high income households. For families in lowest earning group, their monthly income are RM605 and contribute 2.62% of GSTI.
The first cooperation of it was started with a private limited company and converted after that into a public limited company. The first time for Benalec Holdings was listed on the Main Board of Bursa Malaysia is on 17 January 2011. The main values which are they highly
(Malaysia) was born and started its operation before it became the major corporate player in Malaysia. It focused on the objective of providing outstanding products and encouraging Malaysian’s citizens to invest in CANON according to considerable time and effort in developing channels to enter the market. Canon Malaysia Sdn. Bhd. Become a brand synonymous with many market since its first establishment.
The last point we will be discussing is how Glico went to Malaysia. Glico had to face another challenge in this country. Some markets are difficult to conquered, not because they have a huge number of competitors, but sometimes because they are not favorable. In Malaysia, biscuits that exists because they are specifically Malaysian, the country is not really open to other country’s competition. It relies also in the fact that other countries are not ready to place hopes in Malaysia and to export their products there.
For instance, people tend to buy a luxury brands like Louis Vuitton or Chanel compare to moderate brands like Zara or Armani Exchange. By looking on the increasing amount and size of luxury brand retail’s site in Malaysia, with the emergence of high premium retail’s sites that sell international fashion brand names such as the Starhill, Pavilion in the Kuala Lumpur and Johor Premium Outlet in Johor. This reflects that Malaysian consumers have a tendency to buy branded goods in some way for foreign luxury brand product and indeed, the fashion retail sector in Malaysia may grow swiftly as the higher demand for the luxury branded goods (Ai Leen, Ramayah & Jasman,
To date, GST has already been implemented in 160 countries in the world, as early as 1954 in France and Monaco. Malaysia has reached the decisive point at which the economy should thrive on a broad-based, efficient and transparent consumption tax system which is GST. Thus, on April 2015, Malaysia has implemented the Goods and Service Tax (GST). It indeed remains worth highlighting that the proposed GST rate for Malaysia is among the lowest in the world, where the highest rate is 2 Hungary with 27% and the lowest rate is 5% (e.g. Japan and Canada).
INTRODUCTION Banesia Soya Sdn Bhd is a headquartered manufacturer in Bandung, Indonesia. Founded in 1990 by Monavella Lina, started with the acquirement of rural plant and oilseed refining as well. Banesia Soya Sdn Bhd earned the reputation as the “rich-protein beverage” from Asian Beverage Award. It is famous, trusted, supported and was the largest supplier of soya drink beverage in Indonesia. The manufacturer is primarily known with their only one supported product which is the “Banesia Soya Bean Milk”, the only product being produced.
Gardenia Background Gardenia is founded in year 1978 by a person named Haratio ‘Sye’ Slocumm. The traditional American recipe had been tried for generations, which led to Gardenia’s success. It is the No.1 brand in Singapore baked products and there is a total of 60 different varieties of baked goods currently being produced now. The certification and awards of the company are ISO 9000, HACCP, Superbrands and Healthier choice symbol (HCS) (Gardenia Singapore, 2015). Core Business Gardenia’s core business is having a fully focused mind-set on producing white sandwich loaf and distributed to all retail outlets including supermarkets and sundry shops.