malaysia - Contracts & Commercial - News

Operating without Licence: Mawar Medical Centre fined RM100,000

SEREMBAN, Mar 20 (Bernama) - The Mawar Medical Centre (MMC) was today fined RM100,000 by the Sessions Court here for operating a private hospital without a licence.
Date: 20 March 2019; Type: Legal News; Source: Bernama

Company fined RM9,000 for supplying Fake Gucci Eyeglasses

KUALA LUMPUR, Feb 22 (Bernama) - A company was fined RM9,000 by the Sessions Court here today for supplying 694 pairs of fake Gucci eyeglasses three years ago.
Date: 22 February 2019; Type: Legal News; Source: Bernama

Agent fined RM50,000 for running Unlicensed Remittance Services

KUALA LUMPUR, Feb 22 (Bernama) - A remittance agent was fined RM50,000, in default 12 months’ jail, by the Sessions Court here today for conducting his business without a licence since December 2018.
Date: 22 February 2019; Type: Legal News; Source: Bernama

PM launches Guidelines for Commercial Organizations to minimize Corruption Risk

KUALA LUMPUR, Dec 10 (Bernama) - In order to help ensure commercial organisations in any industry employ fundamental measures in minimising the risk of corruption, Prime Minister Tun Dr Mahathir Mohamad today launched guidelines on this today. They come under the Adequate Procedures Pursuant to Sub-section (5) of Section 17A of the Malaysian A ...
Date: 10 December 2018; Type: Legal News; Source: Bernama

Heavier Penalties await Illegal Cigarette, Liquor Traders, Syndicates Customs

SUBANG JAYA, Dec 11 (Bernama) - Traders and syndicates of smuggled cigarettes and liquor will face stiffer penalties after amendments on Section 135 of the Customs Act 1976 and Section 74 of the Excise Act 1976 were passed at Dewan Rakyat yesterday.
Date: 11 December 2018; Type: Legal News; Source: Bernama

Cosmetic Company fined for Possession of Fake Lip Balm

KUALA LUMPUR, Nov 16 (Bernama) - A company selling cosmetic products was fined RM5,000 by the Sessions Court here today for having 245 units of fake Vaseline lip balm at its premises last year.
Date: 16 November 2018; Type: Legal News; Source: Bernama

Barter System in Sabah to start on January 1 - Mohd Shafie

KOTA KINABALU, Oct 9 (Bernama) - Barter trade between Sabah and the neighbouring countries which was halted due to security reason will resume operation on January 1 2019.
Date: 09 October 2018; Type: Legal News; Source: Bernama

Court grants Appointment of Central Broker, Appraiser to sell Equanimity

KUALA LUMPUR, Oct 5 (Bernama) - The Admiralty Court here today granted an application by the government to appoint a central broker and an international appraiser to handle the sale of the luxury superyacht 'Equanimity', which purportedly belongs to fugitive businessman Low Taek Jho or Jho Low.
Date: 05 October 2018; Type: Legal News; Source: Bernama

Ban on Sale of Sri Saga Juice Products

KUALA LUMPUR, Sept 24 (Bernama) - The Health Ministry has ordered an immediate ban on the sale of Al Sunnah Juice, Al Sunnah Gold Juice and Penawar Juice marketed by Sri Saga Marketing S/B company as the products could be detrimental to health.
Date: 24 September 2018; Type: Legal News; Source: Bernama

Man fined RM42,250 for supplying Eyebrow Pencils with False Trade Description

KUALA LUMPUR, Sept 7 (Bernama) - A cosmetics company owner was fined RM42,250, in default six months' jail by the Sessions Court here today for offering to supply Rhomlon eyebrow pencils with false trade description last year.
Date: 07 September 2018; Type: Legal News; Source: Bernama

Licence Fee Waiver for more than 20,000 Hawkers in Johor effective September 1

JOHOR BAHRU, Aug 11 (Bernama) - More than 20,000 hawkers under 16 Local Authorities (LAs) in the state will benefit from the licence fee waiver effective Sept 1, said Menteri Besar Datuk Osman Sapian tonight.
Date: 11 August 2018; Type: Legal News; Source: Bernama

Open Tender System will not sideline Bumiputera Contractors

KUALA LUMPUR, June 3 (Bernama) - The open tender system adopted by the Pakatan Harapan government for all Federal and state projects will not sideline Bumiputera contractors, says Finance Minister Lim Guan Eng.
Date: 03 June 2018; Type: Industry Updates; Source: Bernama

SME Corp targets 100,000 SMEs to use Digital Payment by Year-End

KUALA LUMPUR, May 2 (Bernama) - SME Corporation Malaysia (SME Corp) is aiming for 100,000 Small and Medium Enterprises (SMEs) to utilise the digital payment method or cashless transactions by year-end.
Date: 02 May 2018; Type: Industry Updates; Source: Bernama

MATRADE, MPRC to leverage on OTC2018

KUALA LUMPUR, Apr 25 (Bernama) - The Malaysia External Trade Development Corporation (MATRADE) in collaboration with Malaysia Petroleum Resources Corporation (MPRC) is leveraging on the Offshore Technology Conference (OTC) to further promote Malaysian Oil and Gas (O&G) capabilities in the markets of North America and neighbouring regions.
Date: 25 April 2018; Type: Industry Updates; Source: Bernama

NSIC to widen tie-ups to foster MSME Growth

“National Small Industries Corporation (NSIC) is set to widen the tie-ups to ‘more’ foreign organisations/bodies which were dealing with MSMEs in their respective nations and also plans to work closely with State governments on skill development, to foster MSME sector’s overall growth in India”.
Date: 09 April 2018; Type: Industry Updates; Source: SME Corporation

Bumiputera SMEs should capitalize on Funds to raise Competitive Level

SHAH ALAM, Apr 5 (Bernama) - Bumiputera Small and Medium Enterprise (SME) entrepreneurs need to keep tabs on and seize funds offered by the federal government, otherwise they will remain unused and defeat their purpose.
Date: 05 April 2018; Type: Industry Updates; Source: Bernama

Senate passes Supplementary Supply Bill (2017) 2018

KUALA LUMPUR, Apr 2 (Bernama) - The Senate today passed the Supplementary Supply Bill (2017) 2018, totaling RM7.12 billion, with a majority voice vote after the third reading. Deputy Finance Minister Datuk Othman Aziz said the annual budget was made based on the needs and commitment submitted by ministries or departments. However, the governme ...
Date: 02 April 2018; Type: Legal News; Source: Bernama

New SME Listing Incentives to boost Bursa's LEAP Market

KUALA LUMPUR, Mar 30 (Bernama) - Prime Minister Datuk Seri Najib Tun Razak's announcement of new Listing Incentives for SME (LIVE) programme today is set to boost Bursa Malaysia Bhd's Leading Entrepreneur Accelerator Platform (LEAP) Market.
Date: 30 March 2018; Type: Industry Updates; Source: Bernama

PM announces 11 Incentives Worth RM2.9 Billion for SMEs

KUALA LUMPUR, Mar 30 (Bernama) -- Datuk Seri Najib Tun Razak has announced 11 new and additional incentives worth RM2.9 billion for Small and Medium Enterprises (SMEs).
Date: 30 March 2018; Type: Industry Updates; Source: Bernama

Premises Owners to face Fine, Jail if fail to set up Fire Safety Organization

KUALA LUMPUR, Mar 29 (Bernama) - Premises owners who fail to establish a fire safety organisation at their respective places can be fined up to RM50,000 and imprisonment for a term not exceeding five years or both.
Date: 29 March 2018; Type: Legal News; Source: Bernama

INDUSTRY UPDATES

Guidebook on Parliamentary Constituencies launched

KUALA LUMPUR, Jul 17 (Bernama) - Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof today launched Wakil Kita di Parlimen, a 228-page guidebook containing relevant information on all the 222 parliamentary constituencies.

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INDUSTRY UPDATES

Students among Plaintiffs in Lawsuit over Sungai Kim Kim Pollution

JOHOR BAHRU, Jul 17 (Bernama) - Thirty-four students are among 171 individuals who are suing the Johor state government, Menteri Besar Datuk Osman Sapian and 10 others over the pollution in Sungai Kim Kim near Pasir Gudang last March.

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INDUSTRY UPDATES

Chief Justice heads Penang Honours List

GEORGE TOWN, Jul 12 (Bernama) - Chief Justice Datuk Tengku Maimun Tuan Mat heads the list of 877 recipients of state honours and honorary medals in conjunction with the 81st birthday of the Yang Dipertua Negeri of Penang Tun Abdul Rahman Abbas.

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INDUSTRY UPDATES

Prosecution failed to serve Summons on Shahrizat's Children, Court sets new Mention Date

KUALA LUMPUR, Jul 12 (Bernama) - The Sessions Court here today set Aug 5 for mention of a lawsuit filed by the Companies Commission of Malaysia (CCM) against two children of former Women, Family and Community Development Minister Tan Sri Shahrizat Abdul Jalil in connection with several offences allegedly committed by their company.

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INDUSTRY UPDATES

Bill to increase Sabah State Seats to be tabled on July 17

KOTA KINABALU, Jul 11 (Bernama) - Sabah Chief Minister Datuk Seri Mohd Shafie Apdal is confident the Bill for the additional 13 seats, to increase the number of state seats from 60 to 73, will be approved when it is tabled in Parliament on July 17.

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INDUSTRY UPDATES

IRB records 486,360 Cases of Voluntary Tax Declaration

KUALA LUMPUR, Jul 8 (Bernama) - The Inland Revenue Board of Malaysia (IRB) has recorded 486,360 cases of voluntary tax declaration under the special voluntary declaration programme (PKPS) as of June 23.

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INDUSTRY UPDATES

Sugar Tax: SME Traders can file Postponement Appeal

PARIT BUNTAR, Jul 7 (Bernama) - Small and Medium Enterprise (SME) traders affected by the sugar tax on sweetened drinks which came into effect this month, can file a postponement appeal to the relevant authorities.

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INDUSTRY UPDATES

Sarawak Government has not Officially responded on the RM1 Loan Offer - MOF

KUALA LUMPUR, Jul 6 (Bernama) - The Sarawak state government has yet to provide any official feedback to the Federal government on the proposed loan offer, amounting to RM1 billion, which will be allocated for repairs of dilapidated schools in the state.

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INDUSTRY UPDATES

Government offers Tax Incentives, grants to boost Participation in Expo 2020 Dubai

PUTRAJAYA, Jul 5 (Bernama) - The government has approved tax incentives and grants to encourage potential participating and contributing companies in the upcoming Expo 2020 Dubai.

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INDUSTRY UPDATES

Airbnb wants clearer Guideline on Tourism Tax

KUALA LUMPUR, Jul 2 (Bernama) -- Online hospitality service brokerage company, Airbnb Inc urged the government to provide a clearer guideline on tourism tax for its type of business.

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INDUSTRY UPDATES

CUEPAC urges Government to review Minimum Wage

KUALA TERENGGANU, Jun 30 (Bernama) - The Congress of Unions of Employees in the Public and Civil Services (CUEPACS) has urged the government to review the minimum wage in an effort to reduce the people’s cost of living.

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INDUSTRY UPDATES

MITI calls SMEs to sign up for IR4.0 Assessment

GEORGE TOWN, Jun 28 (Bernama) - The Ministry of International Trade and Industry (MITI) is encouraging small and medium-sized enterprises (SMEs) in the manufacturing sector to sign up for the National Policy on Industry 4.0 Readiness Assessment (Industry4WRD-RA).

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INDUSTRY UPDATES

Lawyer Shafee's Money-Laundering trial moved to March Next Year

KUALA LUMPUR, Jun 27 (Bernama) - The trial of prominent lawyer Tan Sri Muhammad Shafee Abdullah, who is facing two counts of money laundering charges involving RM9.5 million he allegedly received from former prime minister Datuk Seri Najib Tun Razak, and two charges of making false statements to the Inland Revenue Board (IRB), has been moved to March next year.

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INDUSTRY UPDATES

Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

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INDUSTRY UPDATES

Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

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