Withholding Tax

 1. Withholding tax is an amount withheld by the party making payment (payer) on income earned by a non-resident (payee) and paid to the Inland Revenue Board of Malaysia.

2. 'Payer' refers to an individual/body other than individual carrying on a business in Malaysia. He is required to withhold tax on payments for services rendered/technical advice/rental or other payments made under any agreement for the use of any moveable property and paid to a -resident payee.

3. 'Payee' refers to a non-resident individual/body other than individual in Malaysia who receives the above payments.

Key Metrics To Track Industry 4.0

 1. The following are the most valuable types of metrics for managing manufacturing operations today:

- Financial metrics that are based on real-time data monitoring from the shop floor 
- Customer responsiveness and satisfaction metrics
- Supplier and product quality metrics
- Efficiency-based metrics
- New Product Development & Introduction (NPDI) time-to-market performance

2. Operations teams are also designing their smart factory IT and Operations Technology (OT) systems to capture real-time data when possible on the following types of metrics:

- Asset and maintenance metrics including preventative metrics
- Inventory management, turns, and velocity
- Compliance metrics

3. The following are the valuable metrics to manufacturers as they plan, pilot, and launch smart factories.

Product Spotlight - bio-based additives (Estolide)

1. Biosynthetic® Technologies announced the launch of their new product line of novel additives for the metalworking fluids (MWF) market called Biocea™. 

2. Biosynthetic Technologies has developed a revolutionary new class of high-performance bio-based additives for the use in metalworking fluids, called Biocea. 

3. These novel sustainable additives use the patented estolide technology and are biobased, biodegradable, non-bioaccumulative, and non-toxic. 

4. Biocea additives leverage Biosynthetic Technologies’ proprietary estolide technology for high demanding water soluble, synthetic, and conventional oil additive applications. 

Product Spotlight - Glass-filled polyamide AKA Nylon

1. Glass-filled polymer (or glass-filled plastic), is a mouldable composite material. It comprises short glass fibers in a matrix of a polymer material. It is used to manufacture a wide range of structural components by injection or compression moulding.

2. It is an ideal glass alternative that offers design flexibility, chemical, durability, and chemical and shatter resistance.