FinCrew

Malaysian SME owners: registering your business with SSM doesn’t automatically mean you have official Status PMKS.

Status PMKS by SME Corp Malaysia officially verifies whether your business qualifies as a Micro, Small and Medium Enterprise (MSME) under Malaysia’s national definition.

Why should business owners know about it?

🔹 Official verification of your SME/MSME status
🔹 May be required for certain government assistance and incentives targeted at PMKS
🔹 Classification is based on annual turnover and number of full-time employees
🔹 Covers Micro, Small AND Medium Enterprises
🔹 Successful applicants receive a digital Status PMKS certificate valid for 2 years
🔹 You can check your eligibility through SME Corp Malaysia’s MyBPI system

Important: Having Status PMKS does NOT automatically guarantee a government grant or incentive. Each programme can still have its own eligibility requirements.

If you run a Malaysian business, it’s better to understand your PMKS status before the next grant, financing programme or SME initiative opens — not after.

Malaysian Business Owners: Have You Registered Your PMKS Status Yet? You registered your business with SSM. You have a business bank account. You file your taxes. So you're officially an SME in Malaysia, right? Not q

⚠️ Resigned as a company director? Your company’s unpaid tax problems may not necessarily end with your resignation.

Under Section 75A of Malaysia’s Income Tax Act 1967, certain directors can be held jointly and severally liable for company tax that became due and payable during the relevant period.

And there’s an important detail many business owners overlook: resigning later does not automatically wipe out liability that arose while you were still a qualifying director.

Our latest Fincrew article explains:

🔹 How Section 75A works
🔹 When directors may become personally liable
🔹 Why the 20% ownership/control rule matters
🔹 What happens after a director resigns
🔹 Why unpaid company tax and PCB need serious attention
🔹 What directors should regularly check to protect themselves

Running a Sdn Bhd provides limited liability, but that doesn't mean every tax problem will always remain inside the company.

Resigned as a Director? Your Company’s Unpaid Tax Could Still Follow You Personally You resign as a company director. Or perhaps the business shuts down completely. You might assume that any unpaid company taxes are now the company's problem.

⚠️ Thinking of becoming someone’s guarantor? Don’t treat it as “just a signature.”

If the borrower stops paying, you could potentially face serious financial consequences. And while Malaysia’s RM100,000 bankruptcy threshold is often talked about, the actual rules for guarantors are more complicated than many people realise.

Our latest Fincrew article explains:

🔹 What being a guarantor actually means
🔹 What happens if the borrower stops paying
🔹 How Malaysia’s RM100,000 bankruptcy threshold works
🔹 What a “social guarantor” is
🔹 What protections guarantors may have
🔹 5 things you should check BEFORE signing

Helping a family member or friend is one thing. Putting your own financial future at risk without understanding what you signed is another.

Thinking of Becoming a Guarantor? Know Malaysia’s RM100,000 Bankruptcy Rule First A family member or friend needs a loan and asks you to become their guarantor. “It’s just a signature.” Sounds harmless, right? Not exactly. B

💰 What if you didn't have to wait until payday to access money you've already earned?

For decades, Malaysians have waited until month-end to receive their salary. But unexpected expenses don't always wait.

AmBank Group and Ramssol Group Berhad have launched Pay Day Now, Malaysia's first large-scale Earned Wage Access (EWA) platform, allowing eligible employees to access up to 25% of their earned salary each week—without taking on new debt.

Unlike credit cards, BNPL or personal loans, Earned Wage Access simply lets employees access wages they've already earned. While it offers greater financial flexibility, it's only available through participating employers and should still be used responsibly to avoid future cash flow issues.

Could this be the future of employee financial wellness in Malaysia? 🇲🇾

Read our full breakdown to learn how it works, who is eligible, and the benefits and risks before you decide whether it's right for you.

Salary Before Payday? Malaysia's New Earned Wage Access Platform Could Change How Employees Manage Money For decades, payday has always worked the same way. You work for an entire month, then receive your salary at the end of the month. If an unexpected expense po

Think you already know all the latest government changes in Malaysia? Think again.

From free MEPS ATM withdrawals and 10-year passports to stricter traffic laws, mandatory e-Invoicing, new EV regulations, cybercrime laws, BUDI fuel subsidy updates and more, 2026 has introduced some major changes that could affect your finances, business and daily life.

We've compiled everything into one easy-to-read guide so you can stay informed and avoid unnecessary penalties while making the most of available benefits.

Read the full article on FinCrew today.

14 New Rules & Government Changes Every Malaysian Should Know In 2026 Malaysia has introduced a series of new policies, incentives and regulations throughout 2026 that affect almost everyone — from motorists and business owners

Healthcare costs are rising, and the Malaysian government is introducing a new solution.

MediAsas is a new base medical insurance and takaful plan expected to start from around RM60 per month, with pilot testing beginning in the Klang Valley before a nationwide rollout in 2027.

But is it enough to replace your existing medical insurance? What coverage will it provide, and who is eligible?

We've broken down everything Malaysians need to know about MediAsas, including the pilot programme, participating insurers, expected premiums, and upcoming healthcare reforms.

Read the full guide on FinCrew.

Malaysia's New RM60 Medical Insurance Plan Is Coming — Here's Everything You Need To Know About MediAsas Healthcare costs in Malaysia have been climbing steadily over the past few years, leaving many families worried about whether they can still afford adequate med

Many SME owners treat their company account like a personal cash float.

Need money? Just take a director's loan.

But did you know that under Section 140B of Malaysia's Income Tax Act, your company could be taxed on "deemed interest income" even if no interest was ever charged or received?

The longer the loan remains outstanding, the larger the potential tax exposure.

If you're a company director or shareholder, this is one tax rule you don't want to ignore.

Read our latest guide to understand how director's loans really work in Malaysia.

Think Taking Money From Your Company Is Harmless? It Could Trigger Hidden Taxes Every Month Many Malaysian business owners have done it before. The company needs to pay suppliers next week, but the director temporarily takes some cash out to cover p

Did you know your forgotten bank account balance, dividends, insurance payouts or even old salaries could end up in Malaysia's Unclaimed Money Registry?

If funds remain unclaimed for years, they may be transferred to the government under the Unclaimed Moneys Act — but the good news is that the money is still yours to claim.

Many Malaysians have discovered hundreds, thousands, or even tens of thousands of ringgit through eGUMIS.

Have you checked yours lately?

Forgotten Money in Your Bank Account? The Government May Take It After 7 Years — Here's How to Check If You Have Unclaimed Cash Most Malaysians check their bank balances regularly. But what happens to money sitting in a bank account that hasn't been touched for years? Many people are

Malaysia may eventually move beyond the traditional B40, M40 and T20 income categories.

The government is now studying a new system based on:
✔ Living costs
✔ Household commitments
✔ Number of dependants
✔ Net disposable income

Instead of focusing only on salary, the proposed PAKW approach aims to better reflect the real financial pressure households face today.

But could this create a fairer subsidy system — or a more complicated one?

We break down what Malaysians need to know on Fincrew.

Beyond B40, M40 & T20? Malaysia May Shift Towards a More “Realistic” Aid System For years, Malaysians have been grouped into familiar categories: B40 M40 T20 These income classifications have shaped everything from subsidies

Malaysia’s EV road tax is changing in 2026 — but the bigger story is what’s happening behind it.

With global oil prices rising due to Middle East tensions and Malaysia spending RM6–RM7 billion monthly on fuel subsidies, the country is slowly preparing for a future less dependent on petrol.

Despite the new road tax structure, many EVs still remain significantly cheaper to own than petrol cars.

But Malaysians should also understand:
⚡ Real EV road tax costs
⚡ Home charging setup expenses
⚡ Hidden ownership costs
⚡ Why EV adoption is accelerating now

Read our full 2026 EV guide on Fincrew.

The 2026 EV Guide Malaysians Can’t Miss: Why EVs May Become More Important Than Ever Malaysia’s EV landscape is entering a major turning point in 2026. Starting January 1, 2026, the government will officially introduce a new power-based EV