Grant Thornton Malaysia

MFRS 107 ‘Statement of Cash Flows’ was introduced in 2001 and the accounting principles have remained largely unchanged since.

The increasing attention on an entity’s cash generation and liquidity position has led to greater focus on the statement of cash flows by financial statement users, regulators and other commentators. However, this additional focus and scrutiny has also highlighted some common errors and inconsistencies in the application of MFRS 107.

Read our article on our website to understand the overview of the objective, scope and requirements of MFRS 107.

Sin Chew Business Excellence Awards 2026 #星洲企业楷模奖2026

The Sin Chew Business Excellence Awards 2026 officially launched last week 👏 We are proud to once again serve as auditors for this prestigious awards programme, which celebrates the achievements of outstanding Malaysian businesses.

Looking forward to an exciting year ahead, meeting inspiring businesses, discovering the stories behind their success and celebrating the remarkable contributions they continue to make and build towards Malaysia’s vibrant business landscape!

For more information on the Sin Chew Business Excellence Awards 2026, please visit: https://sinchewbusinessawards2026.sinchew.com.my/

On this day 69 years ago, Malaya finally gained its independence. Let's celebrate the defining moment that shaped the future of our nation. Wishing our beloved Malaysia many more years of prosperity, unity and harmony ❤

Happy Independence Day and Selamat Hari Merdeka! 🇲🇾

Last week, we hosted an intimate networking evening with our Japanese clients and business contacts, bringing everyone together for meaningful conversations and relationship building.

We were honoured to have Mr Daisuke Yamada, Global Head of the Japan Desk and Mr Takahiro Tsuji, Regional Head of the Japan Desk, who travelled from Japan and Thailand for our event. Their presence truly made the event even more meaningful.

The evening also marked the introduction of Mr Masataka Yokoyama, our new Japan Desk Director, who will succeed Mr Toshihiko Takagi in leading Grant Thornton Malaysia’s Japan Desk.

We also took the opportunity to bid farewell to Toshi-san and presented him with a token of appreciation in recognition of his contributions during his time in Malaysia.

Arigatou gozaimasu Toshi-san! We wish you all the best in your next chapter.

Carbon accounting enables organisations to measure, track and report their greenhouse gas (GHG) emissions in carbon dioxide equivalent (CO₂e), which enables companies to understand their environmental impact better.

As Malaysia move towards the National Carbon Market Policy implementation, greater focus will be directed towards carbon accounting as carbon credits will require measurement in order to be traded.

Read our publication to understand the three emissions scopes under the GHG Protocol and the accounting treatment of carbon credits in financial statements.

Post-Peak Staff Appreciation Cocktail Party ✨

After a demanding peak period, our Penang team came together for a well-deserved evening of relaxation, connection and celebration 🥳

With delicious food, refreshing cocktails and mocktails, everyone enjoyed a beautiful evening on the patio. Fun games and activities also brought plenty of laughter while giving colleagues an opportunity to interact and get to know one another better.

It was a wonderful way to recognise everyone’s hard work, reconnect with colleagues and enjoy some quality time together beyond our usual work routine.

Salam Maulidur Rasul🌙
Wishing all our Muslim colleagues and friends a blessed Maulidur Rasul.

Alan Chung, President of the Chartered Tax Institute of Malaysia and Senior Executive Director at Grant Thornton Malaysia, recently shared his views with RTM on incorporating elements of the GST input tax credit mechanism into an enhanced Sales and Service Tax framework.

He noted that expanding the existing business-to-business exemptions could help reduce tax cascading, ease cost pressures on businesses and improve overall business efficiency.

Read the article to know more.

CTIM cadang elemen kredit cukai input diterapkan dalam SST KUALA LUMPUR, 22 Ogos – Chartered Tax Institute of Malaysia (CTIM) mencadangkan penerapan mekanisme kredit cukai input yang diguna pakai dalam Cukai Barang dan Perkhidmatan (GST) ke dalam Cukai Jualan…

Pnwee Jun Nee, our Assistant Manager of Audit & Assurance, believes in approaching every task with precision, purpose and a strong commitment to quality. By striving for the highest standards, she transforms her work into meaningful outcomes that create lasting value for our clients.