Glossary
Search and browse terms related to Malaysia business.
Admin & Procedures
Sdn Bhd
Sendirian Berhad
Malaysian private limited company. Similar to a Japanese kabushiki kaisha but with restrictions on number of shareholders.
SSM
Companies Commission of Malaysia
Government body for company registration and administration. Similar to the Legal Affairs Bureau in Japan.
ESD
Expatriate Services Division
Government portal and department that manages work visa (EP) applications.
Employment Pass (EP)
Work visa
Visa required for foreigners to work in Malaysia. Categorized by salary level (Category I, II, etc.).
SIRIM
SIRIM
Body that certifies compliance with standards. Required for selling electrical goods and building materials.
CIDB
Construction Industry Development Board
Body that regulates the import and sale of construction materials (e.g. tiles).
Trade & Commerce
HS code
Tariff number
Internationally used product classification number for import/export. Required for determining tariffs.
AJCEP
ASEAN-Japan Comprehensive Economic Partnership
Economic partnership between Japan and ASEAN. Enables 0% tariff on Japanese tiles.
SST
Sales and Service Tax
A tax in Malaysia similar to consumption tax.
BVLOS
Beyond Visual Line of Sight
Operating a drone beyond the pilot’s direct line of sight.
CAPEX
Capital expenditure
Upfront costs such as store fit-out and equipment.
OPEX
Operating expenditure
Ongoing costs such as rent, labour, and utilities.
Subscription
Subscription
Monthly fixed-fee service. Used in models such as water purifier or bidet rental.
Industry
Washlet
Electric bidet seat
A bidet that attaches to the toilet seat.
Bum gun
Manual spray hose
Manual spray hose commonly used in Malaysian toilets.
Spec-in
Spec-in
Incorporating a product into specifications at the design stage.
Mocktail
Non-alcoholic cocktail
A cocktail without alcohol.
Buddy system
Buddy System
Pairing students of different nationalities to support and exchange with each other.
Finance
Break-even point
Break-even point
The level of sales at which revenue equals cost and there is no profit or loss.
Exit strategy
Exit strategy
Ways to recover invested capital, e.g. sale of company or IPO.