Applications open on October 10, 2023, for hiring foreign workers in textile, barber, and goldsmith businesses. The quote is set at 7,500, including 5,000 existing workers. Apply through the Indian Chamber of Commerce, with no extensions after the quota is reached. Employers must comply with labor laws, provide certified accommodation, pay a minimum wage of RM1,500, and contribute to the Labor and Social Security Organization. Goldsmiths and textile companies are limited to 15% foreign workers. Barbershops require owners with a Certificate of Competency (SKM) and allow one local and two foreign staff for a minimum of three barber chairs.

The recent Budget 2024 proposes a service tax rate increase from 6% to 8% in Malaysia, effective March 1, 2024, excluding essential services. The adjustment expands the tax scope to include logistics, brokerage, underwriting, and karaoke services, signaling a notable fiscal reform with implications for both the economy and individual spending, subject to effective implementation and market adaptability.