Changes implemented by the Companies Act 2016 The Companies Act 2016 came into force in Malaysia on January 31, 2017. However, certain sections have yet to come into operation. These relate to: the company secretary’s registration with the Registrar of Companies; and the corporate rescue mechanisms. Effectively, all companies in Malaysia will now have to…
SRAO 2017 and Changes to Property-Related Legal Fees The Malaysian Bar Council in November 2012 approved the amendments to the Solicitors’ Remuneration Order 2005 (“SRO 2005”) that have been gazetted as the SRAO 2017. The amendments were made to adjust the scale fees upwards for several chargeable items in respect of professional fees for the…
Malaysia records 4.5% economic growth KUALA LUMPUR: Driven by private sector spending and the manufacturing and services sector, Malaysia’s economy grew 4.5% in the fourth quarter of 2016 – exceeding economists’ survey of 4.4%. The nation’s central bank, Bank Negara Malaysia (BNM) said this was the strongest expansion compared to a 4.3% growth in the…
Bright Outlook for Malaysian Rubber Industry KUALA LUMPUR: Once a major source of income for the country, the production of rubber was reportedly declining and some investors even labeled it as a sunset industry. However, the recovery in the global economy and the shortage of natural rubber have since enhanced prospects for the industry this…
MIDA Strengthens Cooperation with Jetro 16 November 2016, Tokyo – The Malaysian Investment Development Authority (MIDA) and Japan External Trade Organisation (JETRO) signed a memorandum of cooperation (MoC) in the presence of both the Prime Minister of Malaysia, Dato’ Sri Najib Razak and the Prime Minister of Japan, His Excellency Shinzo Abe. The two leaders…
RM88.4 Billion Worth of Investments Approved In 1H2016 The approved direct investments in the services, manufacturing and primary sectors in the first half of 2016 (1H2016), totalled RM88.4 billion compared with RM125.9 billion in the same period last year. The investments approved in 1H2016 were in 2,499 projects, and are expected to generate more than…