KUALA LUMPUR, July 16 — Digital transformation is essential for small and medium enterprises (SMES) to offset the increased costs from the hike in the service tax, according to the Institute of Chartered Accountants in England and Wales (ICAEW).

KUALA LUMPUR, June 9 — Malaysia’s gross domestic product (GDP) is expected to grow by 5.3 per cent by the end of 2021, after having contracted by 5.6 per cent in 2020, said the Institute of Chartered Accountants in England and Wales (ICAEW).