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Cars Sales Records remain as remarkable as that in the previous month



According to Wapcar automotive news, Car sales in July are expected to remain strong as new car bookings remain steady after the tax break expires. 

While sales for the month are not expected to be as bright as June, as the tax holiday ends, analysts say strong July bookings still signal strong sales momentum for the domestic auto sector. However, some brands still can be crowned as the best selling car in Malaysia.

Many automakers are still recording strong sales results despite the expiration of the duty-free period. While bookings for July may not be as high as June, they are still better than expected, one analyst said. 

Vehicle sales increased more than 100% year-on-year to 63,366 units in June 2022, mainly due to a weak base effect due to disruptions caused by last year’s nationwide lockdown. 

Another analyst said strong sales momentum was supported by the launch of new models. With the tax holiday coming to an end, automakers are more active than ever to maintain sales momentum, with many exciting new models introduced, he said. MIDF Research analyst Hafriz Hezry said Perusahaan Otomobil Kedua Sdn Bhd (Perodua) obtained about 24,265 new bookings last month even though the sales tax exemption expired in June. 

They said they understood this is among 243,000 pre-orders announced last month. 

Strong July orders still signal steady selling momentum, which they say has been partly driven by the recent launch of the new Alza and more broadly pent-up demand in a labor market is gradually improving in line with the macroeconomic recovery, he said in a recent research note. 

Hafriz points out that the new Alza was launched on July 20th and has received around 39,000 pre-orders, with around 9,000 pre-orders collected in July. 

He says the number is much higher well above the company’s monthly sales target of 3,000 units. 

While Perodua’s Total Industrial Volume (TIV) for July is expected to be slightly lower than June, due to problems with excess chip supply, it is understood that the company is trying to increase production to about 26,000 units per month in the second half of 2022  to shorten its waiting list. 

Hafriz notes that Perodua produced an average of 21,700 units per month during the first half of 2022. 

If this (intensification of production) materializes, we see Perodua’s 2022 TIV capacity even surpassing that. 247,800- increase in management. the unit’s sales goals.

As it stands, our 2022 Perodua TIV is 243,500 units, slightly more conservative than management’s target. Its cumulative sales from January to July 2022 are 146,000 units, which is 60% of our forecast. 

Meanwhile, July saw domestic carmaker Proton Holdings Bhd sell a total of 11,477 units across six models. Its Proton X50 is the best-selling vehicle, reaching a monthly sales record of 4,763 units in July 2022 to become the best-selling vehicle in Malaysia and hold the top spot in the SUV segment. 

According to Proton, this is also the first time such a vehicle has topped the overall sales. 

Meanwhile, UMW Toyota Motor hit a record of 6,637 vehicles in the previous month. However, this is 2,302 units less than the 8,939 units delivered in June. However, sales so far in July are still nearly 50% higher than in the same period last year. 

The car sales tax exemption was announced in June 2020, as part of the Penjana or Short-Term Economic Stimulus Plan. 

According to tax exemption regulations, domestically assembled cars are completely exempt from consumption tax while imported cars are reduced from 10% to 5%. 

The tax holiday was scheduled to end in December 2020 but has been extended to June 30, 2021, and then again until the end of the year. 

In assessing Budget 2022  last October, the government announced that the sales tax exemption would be extended one more time until June 30, 2022. 

The multiple renewals are mostly due to closures over the past two years, which has disrupted business operations and has prevented auto buyers from taking advantage of the tax exemption. 

Although the sales tax exemption has been lifted, buyers who booked a vehicle during the tax-free period must still register the vehicle with Direction des Transports Routiers until March 31, 2023. 

Kenanga Research said in a statement. a recent report that they expect car sales to hold up after the tax cut. 

He estimates that order cancellations will be minimal, with demand exceeding supply, due to the large backlog of orders, coupled with the government’s commitment to collect sales tax on orders. 

Welcome your comments below.


Why do Businesses Need Human resource Consulting Services?



Human resource

Human resource consulting firms play a vital role in today’s business landscape. They offer several key benefits and importance to organizations:

Expertise and Specialization:

HR consultants bring specialized knowledge and expertise to the table. They stay up-to-date with the latest HR trends, best practices, and legal regulations. This expertise is precious for businesses without dedicated HR staff or require support in complex HR areas.

Cost-Effective Solutions:

Engaging HR consultants can often be more cost-effective than hiring and maintaining an in-house HR department. Businesses can access high-quality HR services as needed, reducing fixed labor costs.


HR consultants tailor their services to meet the specific needs of each client. Whether recruitment, employee training, or policy development, consultants design solutions that align with the organization’s unique goals and challenges.

Objective Perspective:

Consultants offer an objective and impartial perspective on HR matters. They can provide insights and recommendations without being influenced by internal biases or politics, which can be valuable for making difficult HR decisions.

Efficiency and Productivity:

HR consultants can streamline HR processes, making them more efficient. This can improve productivity, as employees spend less time on administrative tasks and more on strategic activities.

Compliance and Risk Management:

HR consultants help organizations comply with labor laws and regulations, reducing the risk of legal issues, fines, and reputational damage. They also assist in implementing best practices for risk management.

Strategic Focus:

Organizations can free up their internal resources by outsourcing HR tasks to consultants to focus on core business activities and strategic initiatives. This can lead to improved business performance and growth.


HR consulting firms can adapt to an organization’s changing needs. Whether a business is expanding, downsizing, or facing other transitions, consultants can provide flexible HR solutions to support these changes.

Access to Technology:

Many HR consulting firms have access to advanced HR technology and software solutions that may be cost-prohibitive for smaller organizations to implement independently. This technology can enhance HR processes and data management.

Talent Acquisition and Development:

HR consultants excel in talent acquisition and development. They can help organizations attract top talent, assess employee potential, and implement training and development programs to improve workforce skills.


HR consultants are bound by confidentiality agreements, ensuring that sensitive HR issues and employee data are handled with discretion and professionalism.

Conflict Resolution:

Consultants can mediate and assist in resolving workplace conflicts and issues, promoting a harmonious work environment.

Global Expertise:

 For businesses with international operations, HR consultants with global expertise can help navigate the complexities of international HR regulations and practices.

In summary, human resources consulting firms provide valuable support to organizations by offering expertise, cost-effective solutions, and a strategic approach to managing their workforce.

Their ability to adapt to changing needs, ensure compliance, and improve HR processes makes them an essential resource for businesses looking to thrive in today’s competitive environment.

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PayPal quietly reintroduces $2,500 “misinformation” fine





Not long after issuing an apology and retracting a $2,500 fine to its users, PayPal has quietly re-introduced the fine into their terms of service and legal agreements.

If enforced, the leading payment processor could fine users the hefty $2,500 sum for spreading “misinformation,” or “hate”, or whatever they deem “unfit for publication.”

While the wording has been changed up, the company has listed several things they would consider fining users over, purely based on speech:

PayPal restricted and prohibited activities

  • The promotion of hate, violence, racial or other forms of intolerance that is discriminatory or the financial exploitation of a crime
  • Items that are considered obscene
  • Certain sexually oriented materials or services
  • Act in a manner that is defamatory, trade libelous, threatening or harassing
  • Provide false, inaccurate or misleading information

The original documents, which PayPal said were published in error, had much looser language on what would get users fined $2,500 over – namely the “sending, posting, or publication” of any “messages, content, or materials” that are “harmful, obscene, harassing, or objectionable.”

PayPal has seemingly taken a firm stance against adult / pornographic content in both policies, while the former prohibited things that “depict or appear to depict nudity, sexual or other intimate activities” the new policy vaguely prohibits “certain sexually oriented materials or services.”

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Employee Retention Tax Credit 2022



The employee retention tax credit 2022 (ERC) is a tax credit available to employers who keep and retain their employees. The credit is available to employers with 100 or fewer full-time employees. It applies to qualifying wages paid to employees during the business’s first quarter.

If your business is a small business, you can use Form 941-X to claim the credit retroactively.

Employers with 100 or fewer full-time employees

Employers with 100 or fewer employees are eligible to claim a refundable payroll tax credit called the Employee Retention Tax Credit.

This credit was created by Congress under the CARES Act to encourage employers to retain employees. It was originally set to expire on January 1, 2022, but Congress has extended the credit twice. This means that eligible employers can still claim the credit for their taxes for 2020 and 2021.

The credit is limited to wages paid between March 12 and Sept. 30, 2021. In addition, wages paid under the Paycheck Protection Program (PPP) cannot qualify for the credit. The credit amount is limited to $5,000 per full-time employee in 2020. In 2021, it increases to $7,000 per quarter, with a total credit of up to $21,000 per employee.

Paycheck Protection Program loans are not eligible for the employee retention tax credit

The Employee Retention Credit (ERC) is a tax break for businesses that offer a payroll protection program for their employees. Until recently, employers could not qualify for both programs at the same time. But the new legislation has changed this and now businesses can take advantage of both programs.

To receive the credit, employers must file a Form 941-X, or Adjusted Employer’s Quarterly Federal Tax Return, for each quarter that an employee was a PPP borrower.

The credit is based on wages paid between March 13 and Dec. 31, 2020. For the third quarter of each year, the credit is available for up to $10,000 per employee.

Qualified wages are based on the quarter the business began

To qualify as a severely distressed employer, your business must have had a 90% decline in gross receipts in the previous year.

You must have employed at least one person during this time. The CARES Act does not apply to businesses that are still operating, but it does apply to those that have ceased operations and declined in gross receipts.

Form 941-X is used to retroactively file

The IRS has recently released a new form called Form 941-X. The new form is designed to be filed retroactively and corrects any mistakes that you may have made in filing your original Form 941.

The form must be filed no later than two years after you paid the tax. To file this form, you will need to mail it to the IRS. The IRS does not have the capability to accept it online. If you’ve made significant changes to your business, you may be eligible to claim the ERC. The ERC is equal to 6.4% of the wages you paid to employees during the credit generating period. This credit is not available to corporations with more than 500 employees

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