Friday, 22 September 2017
Sort Updates

malaysia - Corporate & Commercial - News

SSM urges Online Businesses to obtain Digital Certification

KUALA LUMPUR, Sept 13 (Bernama) - The Companies Commission of Malaysia (SSM) has urged online businesses to obtain its 'SSM BizTrust' digital certification to enhance consumer confidence in their products. Its Business Development and Marketing Director, Farid Ahmad, said since its launch on July 21, 2017, 81 companies from over 57,000 online ...
Date: 13 September 2017; Type: Legal News; Source: Bernama

Ministry to impose 30 per cent Bumiputera Quota to break Beef Import Monopoly

TEMERLOH, Sept 11(Bernama) - The Agriculture and Agro-Based Industry Ministry will impose a minimum 30 per cent quota for Bumiputra importers to break the beef import monopoly.
Date: 11 September 2017; Type: Legal News; Source: Bernama

Toy Manufacturers must adhere to Consumer Protection Regulations 2010 - Hamzah

ALOR GAJAH, Aug 25 (Bernama) - Toy manufacturers in the country are advised to adhere to the Consumer Protection Regulations 2010 to ensure safety of children.
Date: 25 August 2017; Type: Legal News; Source: Bernama

Former Company MD acquitted of Money Laundering Charge

KUALA LUMPUR, Aug 24 (Bernama) - A former managing director of oil and gas company, Tanjung Offshore Berhad, was today acquitted and discharged by the Sessions Court here of two charges of laundering RM13.3 million and submitting a false document for the purchase of shares of a company at RM34.3 million.
Date: 24 August 2017; Type: Legal News; Source: Bernama

Companies Act will make Malaysia Destination for Foreign Investment

PETALING JAYA, Aug 22 (Bernama) - The new companies act will make Malaysia a destination of choice for foreign investors as it is more business-friendly and creates a more flexible and dynamic business environment in the country.
Date: 22 August 2017; Type: Legal News; Source: Bernama

SSM: Audit Exemption for Selected Categories of Private Companies

KUALA LUMPUR, Aug 18 (Bernama) - The Companies Act 2016, which came into operation on Jan 31, 2017, requires all companies to prepare and audit their financial statements before lodging them with the Companies Commission of Malaysia (SSM).
Date: 18 August 2017; Type: Legal News; Source: Bernama

Call to review On Trawler Licensing

KUANTAN, Aug 14 (Bernama) - The Pahang government today was urged to review licencing approval for deep sea fishermen. particularly those using trawl nets.
Date: 14 August 2017; Type: Legal News; Source: Bernama

Licences of 14 Tourism Companies and Umrah Operators cancelled since 2009

KUALA LUMPUR, Aug 9 (Bernama) - The licences of 14 tourism companies and umrah operators have been cancelled under the Tourism Industry Act 1992 (Act 482) since 2009 till this year.
Date: 09 August 2017; Type: Legal News; Source: Bernama

Liberalization of Import Licence for Iron and Steel Products

Please be informed that there is an amendment to the Customs (Prohibition of Imports) Order 2017 effective 1 August 2017 (Tuesday).
Date: 01 August 2017; Type: Legal News; Source: MITI

KPDNKK told to get rid of Companies Profiteering through KR1M

KUALA LANGAT, July 29 (Bernama) - Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has instructed the Domestic Trade, Cooperatives and Consumerism Ministry to immediately terminate the contracts of companies appointed to run 1 Malaysia People's Shops (KR1M) that are selling products at above market prices.
Date: 29 July 2017; Type: Legal News; Source: Bernama

Kedah wants Second-hand Dealers Act to be amended

ALOR SETAR, July 23 (Bernama) - Kedah has once again urged that the Second-Hand Dealers Act 1946 be amended fast to curb telecommunication cable theft which has become rampant in the state.
Date: 23 July 2017; Type: Legal News; Source: Bernama

Retailer fined for using Storage Premises without Licence

KUALA LUMPUR, July 21 (Bernama) - The Sessions Court here today imposed a fine of RM90,000 on a retail company today for using a premises as storage for controlled goods without a valid licence.
Date: 21 July 2017; Type: Legal News; Source: Bernama

1,428 Fraudulent Online Business Transactions reported this Year

PUTRAJAYA, July 13 (Bernama) - The Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK) received 1,428 complaints regarding fraudulent online transactions this year.
Date: 13 July 2017; Type: Legal News; Source: Bernama

Act 258 needs to be amended for Best Governance - Azalina

PUTRAJAYA, July 11 (Bernama) - Act 258 which allows the setting up of foundations to help the less fortunate needs to be improved through amendments for best governance in line with the current challenging developments and government approach that is people-centric.
Date: 11 July 2017; Type: Legal News; Source: Bernama

Shamsubahrin freed, wins Appeal in NFCorp-related Case

KUALA LUMPUR, July 5 (Bernama) - Businessman Shamsubahrin Ismail today won his appeal in the High Court against conviction and sentencing over cheating and money laundering related to National Feedlot Corporation Sdn Bhd.
Date: 05 July 2017; Type: Legal News; Source: Bernama

Government to ban Rubberwood Export from July 1

JOHOR BAHRU, June 29 (Bernama) - The government will ban the export of rubberwood effective July 1, 2017 in an effort to ensure adequate supply of the raw material for the local furniture industry.
Date: 29 June 2017; Type: Legal News; Source: Bernama

Stop issuing Family Entertainment Licences - Khalid

MELAKA, May 26 (Bernama) - Inspector-General of Police Tan Sri Khalid Abu Bakar has urged stat governments and local authorities to cease issuing family entertainment licences.
Date: 26 May 2017; Type: Legal News; Source: Bernama

Selangor to consider stopping issuing of Licence for Family Entertainment Centres

SHAH ALAM, May 27 (Bernama) - The Selangor government is prepared to consider the suggestion by Inspector-General of Police Tan Sri Khalid Abu Bakar for the local authorities to stop issuing the licence for family entertainment centres.
Date: 27 May 2017; Type: Legal News; Source: Bernama

Online Traders under E-Commerce must register with CCM

MELAKA, May 28 (Bernama) - The Companies Commission of Malaysia (CCM) will enforce all online traders who carry out businesses via marketplace or e-commerce companies such as Lazada must register with the commission within the next six months. CCM Chief Executive Officer, Datuk Zahrah Abd Wahab Fenner said the move was aimed at protecting cons ...
Date: 28 May 2017; Type: Legal News; Source: Bernama

Settlers' Suit against Felda dismissed

TEMERLOH, April 27 (Bernama) - The High Court here today dismissed a suit filed by 492 settlers in FELDA Bera against the Federal Land Development Authority (FELDA) and its subsidiary for fraud and breach of trust.
Date: 27 April 2017; Type: Legal News; Source: Bernama

Industry Updates

ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

More Updates Read More

Industry Updates

ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

More Updates Read More

Industry Updates

Budget 2018: 13,837 Ideas, Proposals from the Public received

KUALA LUMPUR, Sept 20 (Bernama) - Datuk Seri Najib Tun Razak said today that 13,837 ideas and proposals were received through the Budget 2018 'crowdsourcing' campaign carried out for 15 days from Sept 4 to 18.

More Updates Read More

Industry Updates

Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

More Updates Read More

Industry Updates

EPF to boost Investments in Shariah-Compliant Private Equity Funds

KUALA LUMPUR, Sept 19 (Bernama) - The Employees Provident Fund (EPF) is prepared to increase its investments in shariah-compliant private equity (PE) funds, said its Investment Deputy Chief Executive Officer, Datuk Mohamad Nasir Ab Latif.

More Updates Read More

Industry Updates

BNM seeks More Focused Delivery of Mandates under Malaysian Development Financial Institutions

KUALA LUMPUR, Sept 19 (Bernama) - Bank Negara Malaysia (BNM) is planning to work with the leadership of local financial institutions and other stakeholders in government to address a more focused delivery of mandates under the Malaysian Development Financial Institutions.

More Updates Read More

Industry Updates

Renewal Application for Special Scheme expiring 31st March 2018 onwards

Renewal application shall be made six months prior to the expiry date and must be submitted two months before the expiry date​.

More Updates Read More

Industry Updates

MTUC urges Local Authorities to take Stern Action against Illegal Premises

BUTTERWORTH, Sept 18 (Bernama) - The Malaysian Trades Union Congress (MTUC) has called on local authorities to take strict legal action against illegal buildings or premises, particularly educational institutions.

More Updates Read More

Industry Updates

ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

More Updates Read More

Industry Updates

UPNM Cadet Murder Case transferred to High Court

KUALA LUMPUR, Sept 15 (Bernama) - The case involving six Universiti Pertahanan Nasional Malaysia (UPNM) students who are accused of murdering their fellow Navy cadet officer Zulfarhan Osman Zulkarnain and other related charges has been transferred to the High Court.

More Updates Read More

Industry Updates

Mega Malaysia-US Trade Deals to be positive in the Medium to Long-term

KUALA LUMPUR, Sept 15 (Bernama) - Mega bilateral trade deals concluded between Malaysia and the United States (US) during Prime Minister Datuk Seri Najib Tun Razak's just-concluded visit to the latter is poised to be very positive for the country's economy in the medium- to-long-term, says an economist.

More Updates Read More

Industry Updates

Mida approves RM1.3 Bln DISF Grant till July 2017

SUNGAI PETANI, Sept 14 (Bernama) - The Malaysian Investment Development Authority (Mida) has approved grants totalling RM1.3 billion under the Domestic Investment Strategic Fund (DISF) since the fund was established in July 2012 until July this year.

More Updates Read More