Compulsory Use of Biodegradable and Compostable Plastics in Malaysia Malaysia has since enforced the compulsory use of biodegradable and compostable plastics bags and food containers in the Federal Territories. Following this, it was reported that the price of plastic bags is expected to increase by three to sixfold, while food containers will cost about 30%…
IKEA makes Malaysia it’s ASEAN Distribution and Supply Chain Centre Malaysia has been chosen as the location for IKEA to set up its Regional Distribution and Supply Chain Centre for Asean. Noted as a strategic decision by the world’s largest furniture retailer which is headquartered in the Netherlands, the company is expected to invest RM908…
Small Companies in Malaysia Do Not Need Auditors under the Companies Act 2016 On 4 August 2017, the Companies Commission of Malaysia (CCM) issued a Practice Directive pursuant to Section 20C of the CCM Act 2001 and subsection 267 (2) of the Companies Act 2016 (CA 2016). The objective of the directive is to set…
BURSA MALAYSIA SECURITIES BERHAD ISSUED NEW LEAP MARKET LISTING REQUIREMENTS Bursa Malaysia Securities Berhad (“the Exchange”) has, on 15 June 2017, issued the new LEAP Market Listing Requirements (“LEAP LR”) which governs the listing framework of the LEAP Market. The Exchange established a new market called the LEAP Market that is aimed at facilitating access…
Grow Local Businesses by Listing on Bursa Malaysia KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) recently organised a forum themed “Grow Your Business, List on Bursa” in conjunction with its 50th anniversary. The half day forum, at the MIDA headquarters here, was held in collaboration with Bursa Malaysia Berhad and focused on listing opportunities…
Trader are only allowed to organise four (4) special sales a year starting in 2017 Under the new rules starting from January 1, 2017, traders and retailers are allowed to hold just four mega sales a year, compared to five times previously. Three of the new sales dates are to be set by the Government…
Price Control and Anti-Profiteering Regulations 2017 In a bid to protect the rights and interests of consumers as well as to curb profitering, the Domestic Trade, Cooperatives and Consumerism (KPDNKK) ministry announced the enforcement of the Price Control and Anti-Profiteering Regulations 2016 (Mechanism To Determine Unreasonably High Profits for Goods) which came into force on…
Students are exempted from business registration fees from Jan 1, 2017 In a bid to encourage more young people especially students to join the workforce as entrepreneurs, the Malaysian government has announced an initiative of exemption of business registration fees, starting from Jan 1, 2017. The main reason why is to encourage more young people…