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

No Freeze in Intake of Foreign Workers - Ministry

KUALA LUMPUR, May 18 (Bernama) - The Human Resources Ministry has clarified that there is no freeze in the recruitment of foreign workers although many applications to bring in workers have been rejected for non-compliance with the law.

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INDUSTRY UPDATES

Actions against those who tarnish Judiciary's Image, Dignity, says CJ

PUTRAJAYA, May 17 (Bernama) - Actions will be taken against those who tarnish the judiciary's image and dignity, says Chief Justice Datuk Tengku Maimun Tuan Mat.

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INDUSTRY UPDATES

Right Decisions only Way for Judiciary to recover Glory - Attorney General

PUTRAJAYA, May 17 (Bernama) - Attorney-General Tommy Thomas says judges must always endeavour to make the right decisions, without fear or favour, and regardless of the personality of the party or the accused before them.

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INDUSTRY UPDATES

Transport Ministry makes it More Flexible for e-hailing Drivers to obtain PSV Licence

KUALA LUMPUR, May 17 (Bernama) - The Ministry of Transport is willing to make it easier for e-hailing drivers to clock in the six hours of course time to obtain a Public Transport Vehicle (PSV) licence.

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INDUSTRY UPDATES

RM1.56 Mln Fine on Poachers, highest so far for Wildlife Crimes

PUTRAJAYA, May 17 (Bernama) - The Kuala Terengganu Sessions Court's decision to fine RM1.56 million each on two Vietnamese poachers has been the highest amount so far for wildlife crimes in the country's history, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.

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INDUSTRY UPDATES

Adib Inquest: Lawyer grills Forensics Expert on 'Probability Report'

SHAH ALAM, May 16 (Bernama) - A lawyer questioned the ‘probability report’ of a specialist medical witness in the inquest into the death of Muhammad Adib Mohd Kassim, that injuries to the right chest of the firefighter were caused by a curb or road shoulder.

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INDUSTRY UPDATES

Government agrees to appoint a Youth to represent them in the Senate

BANGI, May 15 (Bernama) - Prime Minister Tun Dr Mahathir Mohamad announced that the government has agreed to appoint a member of the Senate from among the youths with wide expertise and knowledge in the field and issues on the development of youths.

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INDUSTRY UPDATES

MoF sets up Debt Management Office

KUALA LUMPUR, May 15 (Bernama) - The Ministry of Finance has set up the Debt Management Office (DMO) to review and manage the government’s debt and liabilities.

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INDUSTRY UPDATES

Universities, Industry Players to join forces for IR 4.0

GEORGE TOWN, Apr 29 (Bernama) - The joint forces of the brains in the universities and the capacity and capabilities of key industries will make a change for a better world through the Fourth Industrial Revolution (IR 4.0), said Universiti Sains Malaysia (USM) vice-chancellor Prof Dr Asma Ismail.

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INDUSTRY UPDATES

BNM appoints Two External Members to Monetary Policy Committee

KUALA LUMPUR, Apr 29 (Bernama) - Bank Negara Malaysia (BNM) has reappointed Professor Dr Yeah Kim Leng and appointed Datuk Dr Gan Wee Beng as external members of its Monetary Policy Committee (MPC) effective April 1, 2019.

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INDUSTRY UPDATES

Those given Trust, Power should Build a better Nation Based on Rule of Law - Sultan Nazrin

KUALA LUMPUR, Apr 25 (Bernama) - The Sultan of Perak, Sultan Nazrin Shah said those given the trust, power and position, now have the opportunity to build a better Malaysia based on the rule of law.

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INDUSTRY UPDATES

King decides High Court Registry Location on Advice of PM - Sabah Law Society

KOTA KINABALU, Apr 25 (Bernama) - The principal registry of the High Court of Sabah and Sarawak can be relocated to any place in Sabah or Sarawak as determined by the Yang di-Pertuan Agong acting on the advice of the prime minister, the Sabah Law Society (SLS) said today.

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INDUSTRY UPDATES

Mobile Application on Labour Market Information Launched

PUTRAJAYA, Apr 23 (Bernama) - Information on Malaysia's labour market is now available at the fingertips with the launch of a new mobile application, Labour Market Information Gateway or LMI Gateway today.

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INDUSTRY UPDATES

Former Lawyer Pleads not Guilty to CBT Over Client's House Sale Proceeds

KUALA LUMPUR, Apr 23 (Bernama) - A former lawyer pleaded not guilty at the Sessions Court here today to a charge of criminal breach of trust amounting to RM338,000 which was the proceeds from the sale of a house belonging to his client three years ago.

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INDUSTRY UPDATES

Cybersecurity Challenge should be viewed as an Opportunity - Gobind

CYBERJAYA, Apr 23 (Bernama) - A national innovation ecosystem needs to be developed to transform cybersecurity challenges towards forming new opportunities, ideas and solutions, Communications and Multimedia Minister Gobind Singh Deo said today.

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