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

Malanjum keeping Mum about his Successor

KUALA LUMPUR, Mar 20 (Bernama) - Chief Justice Tan Sri Richard Malanjum, who is due for compulsory retirement in April only smiled broadly and chose to remain secretive when asked about his successor.

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INDUSTRY UPDATES

MP Noh Omar expelled from Dewan Rakyat for Three Days

KUALA LUMPUR, Mar 19 (Bernama) - Tanjung Karang MP Tan Sri Noh Omar has been expelled from the Dewan Rakyat for three days from today.

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INDUSTRY UPDATES

Selangor wants tougher Environmental Laws

SHAH ALAM, Mar 17 (Bernama) - The Selangor government wants to enforce more stringent laws to address issues related to environmental pollution in the state, said Menteri Besar Amirudin Shari.

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INDUSTRY UPDATES

Rosmah's Graft Case transferred to High Court

KUALA LUMPUR, Mar 15 (Bernama) - The High Court here today allowed the prosecution's application to transfer from the Sessions Court to the High Court the case involving two graft charges filed against Datin Seri Rosmah Mansor, who is the wife of former Prime Minister Datuk Seri Najib Tun Razak.

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INDUSTRY UPDATES

SC to facilitate Greater Investor Inclusiveness

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

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INDUSTRY UPDATES

SC aims Further Expansion of Islamic Capital Market, says Chairman

KUALA LUMPUR, March 14 (Bernama) - The Securities Commission (SC), the regulatory body of the capital market, aim to foster growth that is premised on long-term value creation by intensifying efforts to further expand the Islamic capital market as well as the closely-linked sustainable finance segment.

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INDUSTRY UPDATES

CJ seeks to remove Parts of Hamid Sultan's Affidavit

KUALA LUMPUR, Mar 13 (Bernama) - Chief Justice Tan Sri Richard Malanjum today filed an application to remove parts of the supporting affidavit filed Court of Appeal Judge Datuk Dr Hamid Sultan Abu Backer in the lawsuit by the late Karpal Singh’s daughter, claiming that it was outrageous, insulting and an attack to the Judiciary.

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INDUSTRY UPDATES

Up to PM to shortlist Candidates for CJ's Post - Liew

KUALA LUMPUR, Mar 12 (Bernama) - The Law Minister in the Prime Minister’s Department Datuk Liew Vui Keong today said that he has no information about the candidates shortlisted to be appointed as the new Chief Justice to replace Tan Sri Richard Malanjum who will retire from the post next month.

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INDUSTRY UPDATES

Sabah helps Children without Documents through Legalization Program

KOTA KINABALU, Mar 12 (Bernama) - Children born in Sabah and categorised as foreigners even though one of their parents were local residents, will be given aid through a legalisation programme which will ensure a better future for them.

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INDUSTRY UPDATES

National Income Tax still Competitive

KUALA LUMPUR, March 11(Bernama) - The income tax in this country is still competitive compared to other nations.

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INDUSTRY UPDATES

Najib seeks Court Directive on gag Order against Media, Public

PUTRAJAYA, Mar 11 (Bernama) - Datuk Seri Najib Tun Razak wants a court directive to inform members of the public and media on what can and cannot be discussed and published pertaining to his criminal case involving SRC International Sdn Bhd funds, the Court of Appeal heard.

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INDUSTRY UPDATES

King's Inaugural Speech at First Meeting of Second Term of 14th Parliament draws Attention

KUALA LUMPUR, Mar 11 (Bernama) - The first meeting of the second term of Parliament begins today which will be aired live via television and live stream.

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INDUSTRY UPDATES

Dewan Rakyat : Proposal to restore Sabah, Sarawak's Status to be Main Focus

KUALA LUMPUR, Mar 9 (Bernama) - The proposal to restore the original status of Sabah and Sarawak as enshrined in the Malaysia Agreement 1963 (MA63) is expected to be the focus of the first meeting of the second session of the 14th Parliament which opens Monday.

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INDUSTRY UPDATES

Appeals Court to wait for Federal Court Decision to hear Puncak Niaga's Appeal

PUTRAJAYA, Mar 8 (Bernama) - The Court of Appeal today postponed hearing of an appeal by Puncak Niaga Holdings Bhd to reinstate its RM13.5 billion lawsuit against two former Selangor menteris besar and the Selangor government over the restructuring of the state water industry.

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INDUSTRY UPDATES

Nik Azman Nik Abdul Majid New Auditor-General

PUTRAJAYA, Mar 8 (Bernama) - Datuk Nik Azman Nik Abdul Majid, the Economic Affairs Ministry secretary-general, is the new auditor-general.

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