Khoo Hsu Chuang | SMEs Survival | With Tai Lai Kok | An Artisans Digital Mall Showcase.

Who is Khoo Hsu Chuang?

Khoo Hsu Chuang is a financial journalist with over two decades experience. He worked in KL, Singapore, Tokyo, Hong Kong and London, covering financial and capital markets for The Edge, Bloomberg and Thomson-Reuters in print, newswire, internet and digital TV broadcast formats. 

Chuang grilled CEOs, policymakers, academics and politicians as a co-host of The Morning Run on BFM. BFM is a business and finance-oriented radio station. He was a Contributing Editor and Video Presenter with The Edge Media Group.

Khoo Hsu Chuang Talks to KPMG’s Tai Lai Kok.

Tai Lai Kok Executive Director & Head of Tax KPMG.

As Head of Tax, Lai Kok brings over 25 years’ experiences in tax compliance and advisory work on both corporate and individual clients. He was also the Executive Director in charge of KPMG in Malaysia’s R&D incentive unit which provides advice on R&D matters and assists clients in their R&D tax incentives including the preparation and submission of applications to the relevant authorities. Lai Kok has been involved in advising clients on the recent Goods and Services Tax (GST) preparation prior to actual implementation by the authorities and post GST impact. Lai Kok is a frequent media commentator and seminar presenter. He has been giving talks on taxation matters at the National Tax Conference and seminars organized by the Inland Revenue Board, CIMA as well as overseas organizers.

Contents.

Tai talks about the help available for Covid-Hit SMEs in survival mode. It’s a tough time for small businesses everywhere. There are an assortment of reliefs and assistance from the government. He can be reached at LTAI1@kpmg.com.my.

00:29 – Situation Report: how bad are SMEs hit?
02:24 – Addressing Direct (ie Fixed) Costs
02:54 – Wage Subsidy Program
03:26 – Support for Micro-Enterprises
04:05 – Non-SMEs Can Apply Too
04:32 – Applying to PERKESO
05:33 – Deferring Tax Obligations
06:52 – Deferring CP500 Deductions
08:01 – Rental Relief from Landlords
10:11 – Will Reliefs Extend Past 3 Months?
12:46 – How to Open For Business During MCO
16:13 – Grants and Easy Loans Also Available

Prelude to the Auditorium at the Artisans Digital Mall Opening.

We will be sharing Khoo Hsu Chuang’s podcasts at the Auditorium at the up and coming Artisans Digital Mall. We expect the Mall to be ready in June 2020.

The Coronacrisis 2020 will change the business landscape. Online business presence is increasingly important. 30 of us got together, just before the Movement Control Order (MCO) for a dialogue on social media marketing with Shanker Joyrama CEO of the award winning Orion Digital and its sister company Digital People. It was the start of a collaboration that has now evolved to the soon to be launched Artisans Digital Mall.

We have many Proudly Malaysian Artisans producing exquisite products. Some may not have the digital savvy to conquer social media marketing. Getting and operating a reliable e-commerce platform needs resources and expertise.

We are working pro bono, set up the framework of an artisans digital mall that will be home to 50 artisans, and other local businesses. We curated a simple & affordable online mall to promote the rich array of their products to consumers countrywide.

We are also very grateful to our friends and contacts who came forward to support the Mall with value added services and events for the Mall visitors.

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