malaysia - Contracts & Commercial - News

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

CPTPP will give Malaysia a Regional Competitive Edge - FMM

KUALA LUMPUR, March 12 (Bernama) - The recently signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is expected to give Malaysia a competitive edge in the region and build investor confidence.
Date: 12 March 2018; Type: Legal News; Source: Bernama

Malaysia will not be among the First to ratify CPTPP - Mustapa

KUALA LUMPUR, March 6 (Bernama) - Malaysia will not be among the first countries to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) by early 2019.
Date: 06 March 2018; Type: Legal News; Source: Bernama

Appeals Court strikes out Khairy's Notice of Appeal

PUTRAJAYA, Feb 19 (Bernama) - The Court of Appeal today struck out the notice of appeal filed by Youth and Sports Minister Khairy Jamaluddin in a defamation lawsuit in which he was ordered to pay RM150,000 in general damages to Datuk Seri Anwar Ibrahim. A three-man bench comprising justices Datuk Tengku Maimun Tuan Mat, Puan Sri Zaleha Yusof a ...
Date: 19 February 2018; Type: Legal News; Source: Bernama

INDUSTRY UPDATES

White Paper on Defence to be tabled in Parliament this Year

KOTA KINABALU, Jan 17 (BERNAMA) - The Ministry of Defence will table a White Paper on Defence which will detail the tasks and roles of the Malaysian Armed Forces, said Defence Deputy Minister Senator Liew Chin Tong.

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INDUSTRY UPDATES

Chief Justice calls for Government Audit on Rights of Indigenous People

KOTA KINABALU, Jan 17 (Bernama) - Chief Justice Tan Sri Richard Malanjum today proposed that the government conduct an audit on the rights of the indigenous people to ensure that they are in line with the United Nations declaration.

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INDUSTRY UPDATES

Complaint Boxes for Iskandar Puteri Schools to tackle Crimes

ISKANDAR PUTERI, Jan 14 (Bernama) - The Iskandar Puteri District police have suggested for the district’s schools to provide boxes for information or complaints to tackle various crimes involving students.

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INDUSTRY UPDATES

Tax Amnesty Programme aims to reduce People's Burden, says IRB

KUALA LUMPUR, Jan 14 (Bernama) - The Special Voluntary Disclosure Programme (SVDP) is a clear indication of the government's desire to reduce the burden of the people through taxation, Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah said.

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INDUSTRY UPDATES

Tengku Abdullah to be proclaimed as New Sultan of Pahang on January 15

PEKAN, Jan 12 (Bernama) - The Regent of Pahang Tengku Abdullah Sultan Ahmad Shah will be proclaimed as the sixth Sultan of Pahang, succeeding Sultan Ahmad Shah, on Jan 15.

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INDUSTRY UPDATES

Judges, Judicial Officers receive DoJ Training not due to High Profile Cases - CJ

PUTRAJAYA, Jan 11 (Bernama) - Chief Justice Tan Sri Richard Malanjum explained that the training of Malaysian judges and judicial officers by the United States Department of Justice (DOJ) was not due to the high profile money laundering cases, such as the ones involving former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

Adapt Technology and Work from anywhere, CJ tells Lawyers

PUTRAJAYA, Jan 11 (Bernama) - With the tagline ‘Now Anywhere Can Work’, lawyers can now deal with their cases from anywhere through the use of technology introduced by the judiciary in order to have an efficient court system, said Chief Justice Tan Sri Richard Malanjum today.

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INDUSTRY UPDATES

Malaysian Bar will continue to voice Concerns over use of Oppressive Laws - President

PUTRAJAYA, Jan 11 (Bernama) - The Malaysian Bar will continue to voice its concerns on the continued use of oppressive laws, said its president George Varughese.

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INDUSTRY UPDATES

Full Force of the Law to be applied to Wrongdoers, says AG

PUTRAJAYA, Jan 11 (Bernama) - Attorney-General Tommy Thomas said today the full force of the law would be applied to wrongdoers.

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INDUSTRY UPDATES

Matrade appoints Halim Mohamad as Chairman

KUALA LUMPUR, Jan 11 (Bernama) - Malaysia External Trade Development Corporation (Matrade) has appointed Tan Sri Halim Mohammad as its seventh chairman, effective Jan 1, 2019.

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INDUSTRY UPDATES

Rizal granted Permission to transfer Corruption Case to High Court

KUALA LUMPUR, Jan 9 (Bernama) - The case of former special officer to the former Prime Minister, Datuk Rizal Mansor, who faces four corruption charges involving a solar hybrid system project for rural schools in Sarawak will be heard in the High Court.

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INDUSTRY UPDATES

Kamis Samin is new Chief Administrator of Parliament

KUALA LUMPUR, Jan 7 (Bernama) - Prime Minister’s Department Ceremonial and International Conference Secretariat Division secretary Datuk Kamis Samin has been appointed as the new Chief Administrator of Parliament, effective today.

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INDUSTRY UPDATES

Ku Nan's Case to be tried in High Court

KUALA LUMPUR, Jan 7 (Bernama) - The case of former Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor, who is facing two charges of receiving bribes totalling RM3 million, over the approval of an application by a company to raise the development related ratio in Jalan Semarak Kuala Lumpur, will be tried in the High Court.

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INDUSTRY UPDATES

No Bail for former Goldman Sachs Banker Roger Ng

KUALA LUMPUR, Jan 7 (Bernama) - Former Goldman Sachs banker Roger Ng will remain in prison after the Sessions Court here today dismissed his application to be released on bail pending his extradition proceedings to the United States to face three criminal charges relating to 1Malaysia Development Berhad (1MDB).

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INDUSTRY UPDATES

SC appoints Ong as Executive Director effective January 4

KUALA LUMPUR, Jan 7 (Bernama) - The Securities Commission Malaysia (SC) has appointed Ong Liang Heng as executive director in the chairman's office, effective Jan 4.

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