Know All Public Holidays in Malaysia 2019 for Managing Staffing and Business

Public Holidays in Malaysia for 2019

Know All Public Holidays in Malaysia 2019 for Managing Staffing and Business Do you run a business in Malaysia? If you’re an employer, then keeping tabs on the upcoming public holidays in Malaysia is essential to managing staffing and business expectations. Knowing the upcoming public holidays in Malaysia will give you a heads up so…

SSM Registered Business Entities to Have New Format for Registration Numbers

SSM Registered Business Entities to Have New Format for Registration Numbers

SSM Registered Business Entities to Have New Format for Registration Numbers Business entities registered in Malaysia will now have a new registration number format when they register with the Companies Commission of Malaysia (SSM). Beginning January 2019, these new registration numbers for business will contain 12 digit characters which are designed to help facilitate data…

Smoking Ban to Be Imposed at All Malaysian

Smoking Ban to Be Imposed at All Malaysian

Smoking Ban to Be Imposed at All Malaysian Eateries From 1 Jan 2019 Starting from 1 January next year, a smoking ban will be enforced at all Malaysian restaurants nationwide. This includes hawker stalls and coffee shops, covering air-conditioned and non-air-conditioned eateries, street stalls and open-air hawker centers. Malaysia’s Deputy Health Minister stated during a…

Business Reporting System by SSM to Be Implemented in Malaysia

MBRS by SSM to Be Implemented Nationwide

Malaysia Business Reporting System by SSM to Be Implemented Nationwide Malaysia Business Reporting System (MBRS) is a submission platform for the Securities Commission of Malaysia (SSM). This system’s platform is based on the XBRL (eXtensible Business Reporting Language) format. With the XBRL format, companies and businesses will be able to submit the following documents: The…

“Pool Money” Activities are Prohibited

“Pool Money” Activities are Prohibited

“Pool Money” Activities are Prohibited Malaysia Companies or business entities in this country are prohibited from organizing any schemes or activities involving “pool money”. The Act (Prohibition) of “Pooling Money” of 1971 clearly states that companies which are formed under the Incorporation Act of 2016 (previously known as Incorporation Act of 1965), or any registered…