Asean Law Alert

Asean Law Alert




Asean Law Alert by Asean LIP
 05 Nov 2018
MALAYSIAGENERAL & MISCNEWS
Lim Guan Eng's Suit against NST settled
GEORGE TOWN, Nov 2 (Bernama) - The defamation suit filed by former Penang Chief Minister Lim Guan Eng against the New Straits Times Press (M) Bhd (NSTP) over the publication of an article on the appointment of mufti was settled after the newspaper company apologised to him in th ...
MALAYSIABANKING & FINANCENEWS
Proprietor fined RM65,000 for operating Remittance Business without Licence
SEREMBAN, Nov 2 (Bernama) - An owner of a money transfer business was sentenced to a day's jail and fined a total of RM65,000 by the Sessions Court here today on two counts of operating the business without a licence.
MALAYSIABANKING & FINANCENEWS
PH Government tables Budget 2019 with Total Allocation of RM314.5 Billion
KUALA LUMPUR, Nov 2 (Bernama) - Budget 2019, the first budget presented by the Pakatan Harapan government, allocates a total of RM314.5 billion compared to RM290.4 allocated by the previous government for 2018.
MALAYSIABANKING & FINANCENEWS
Lim: Special Payment of RM500 for Civil Servants in Grade 54 and Below, RM250 for Pensioners
KUALA LUMPUR, Nov 2 (Bernama) - In tabling the 2019 Budget, the government had proposed a special payment of RM500 for civil servants in grade 54 and below to show appreciation to the efforts and dedication of the civil servants in discharging their tasks.
MALAYSIABANKING & FINANCENEWS
Budget 2019: Medical Care for Parents of 30,000 Contract Staff in Civil Service
KUALA LUMPUR, Nov 2 (Bernama) - The parents of 30,000 contract staff in the civil service will get to enjoy the same medical facilities as that by regular civil servants.
MALAYSIABANKING & FINANCENEWS
Tourism Tax Revenue to be shared with State Government - Lim
KUALA LUMPUR, Nov 2 (Bernama) - The federal government will share with the state government 50 per cent of the tourism tax collected, said Finance Minister Lim Guan Eng.
MALAYSIABANKING & FINANCENEWS
Tax Incentives on Ijarah, Wakalah Sukuk to be extended for Another Two Years
KUALA LUMPUR, Nov 2 (Bernama) - The government has proposed to further promote the issuance of sukuk under the principles of Ijarah and Wakalah by extending the existing tax incentives for another two years.
MALAYSIABANKING & FINANCENEWS
Application Period for VC Tax Incentive to be extended to December 31, 2019
KUALA LUMPUR, Nov 2 (Bernama) - Venture Capital tax incentives given to venture capital companies (VCCs) for applications received by the Securities Commission (SC) from Jan 1 until Dec 31, 2018 will be extended for another year to Dec 31, 2019.
MALAYSIABANKING & FINANCENEWS
Government to reduce Tax Rate on Chargeable Income for SMEs
KUALA LUMPUR, Nov 2 (Bernama) - The Ministry of Finance (MoF) has proposed to reduce the tax rate for small and medium enterprises (SMEs) on chargeable income of up to RM500,000 to 17 per cent from 18 per cent from the year of assessment 2019.
MALAYSIABANKING & FINANCENEWS
CAP expresses Happiness over Introduction of Sugar Tax
GEORGE TOWN, Nov 2 (Bernama) - After 30 years of campaigning for the implementation of the sugar tax, the Consumers Association of Penang (CAP) today expressed their happiness that finally their voice have been heard by the federal government.
MALAYSIAEMPLOYMENT & LABOUR LAWNEWS
Government has the Right to determine Minimum Wage
IPOH, Nov 4 (Bernama) - The government's decision to increase the minimum wage effective next year is not against the National Wage Consultative Council Act 2012, said Human Resource Minister, M. Kula Segaran.
MALAYSIABANKING & FINANCENEWS
2019 Budget Highlights
KUALA LUMPUR, Nov 2 (Bernama) - The following are the highlights of the Economic Outlook 2019 report, the first presented under the Pakatan Harapan government. The 142- page report was released by the Ministry of Finance in conjunction with the tabling of the 2019 Budget today b ...
MALAYSIABANKING & FINANCENEWS
Budget: Credit System for Sales Tax Deductions to be introduced
KUALA LUMPUR, Nov 2 (Bernama) - The government will introduce a credit system for sales tax deductions from Jan 1 next year, said Finance Minister Lim Guan Eng.
MALAYSIABANKING & FINANCENEWS
2019 Budget: taxing it right, for a Solid Future
KUALA LUMPUR, Nov 2 (Bernama) - The Pakatan Harapan-led government's maiden Budget comes with some tough measures in terms of taxes as expected, plans for further fiscal consolidation as well as the right incentives for businesses to prosper and bring Malaysia's economy back on ...
MALAYSIABANKING & FINANCENEWS
Budget 2019: Services imported into the Country to be taxed
KUALA LUMPUR, Nov 2 (Bernama) - The government plans to impose service tax on imported services, including online services, from Jan 1 next year, said Finance Minister Lim Guan Eng.
MALAYSIABANKING & FINANCENEWS
Malaysia set to have the World's First Airport REIT
KUALA LUMPUR, Nov 2 (Bernama) - The government has proposed to set up the world's first airport real estate investment trust (REIT).
MALAYSIABANKING & FINANCENEWS
BNM announces RM1 Bln Fund, other Measures for House Buyers
KUALA LUMPUR, Nov 2 (Bernama) - Bank Negara Malaysia (BNM) has announced the establishment of a RM1 billion Fund for Affordable Homes to help those from the lower income group nationwide finance the purchase of their first houses.
MALAYSIAGENERAL & MISCNEWS
Additional Allocation means More Programmes to drive Trade Promotions - MITI
KUALA LUMPUR, Nov 2 (Bernama) - Increased allocation will enable the Ministry of International Trade and Industry to implement more programmes and initiatives to drive trade promotion and industry development initiatives, its Minister, Datuk Darell Leiking, said today.
MALAYSIABANKING & FINANCENEWS
Government to introduce National B40 Health Protection Fund Next Year
KUALA LUMPUR, Nov 2 (Bernama) - The government, in partnership with the private insurance industry, will introduce a national B40 Health Protection Fund for the low income groups in January next year, says Finance Minister Lim Guan Eng.
MALAYSIABANKING & FINANCENEWS
IR4.0 gets Impetus in 2019 Budget - MITI
KUALA LUMPUR, Nov 2 (Bernama) - The fourth industrial revolution 4.0 (IR4.0) has received an impetus with an allocation of RM210 million being proposed from 2019 to 2021 to support its transition, International Trade and Industry Minister Datuk Darrell Leiking said.
MALAYSIAGENERAL & MISCNEWS
Moral Imperative to return Tax Refunds - Lim
KUALA LUMPUR, Nov 2 (Bernama) - The government has a moral imperative to return all tax refunds to their rightful owners, companies and the people in 2019, Finance Minister Lim Guan Eng said.
MALAYSIABANKING & FINANCENEWS
Extension of Tax Incentives to reinforce Malaysia's Position in Islamic Finance - SC
KUALA LUMPUR, Nov 2 (Bernama) - The extension of tax incentives for Sukuk Ijarah and Wakalah in the 2019 Budget, will reinforce Malaysia's position as a global leader in Islamic finance, said the Securities Commission (SC).
MALAYSIABANKING & FINANCENEWS
Budget 2019 set to spur Growth of Micro, SME Entrepreneurs
MELAKA, Nov 2 (Bernama) - The 2019 Budget focuses on the development of micro and Small and Medium Enterprise (SME) entrepreneurs by providing them impetus for further growth, said Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof.
MALAYSIABANKING & FINANCENEWS
EPF describes 2019 Budget as inclusive for Social Well-being
KUALA LUMPUR, Nov 2 (Bernama) - The Employees Provident Fund (EPF) has noted that the 2019 Budget balances long-term imperatives with short-term needs.
MALAYSIABANKING & FINANCENEWS
2019 Budget: SME Bank sees Huge Opportunity to provide Further Support to SMEs
KUALA LUMPUR, Nov 3 (Bernama) - Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) sees a huge opportunity from the 2019 Budget announcement to provide further support to Malaysian SMEs through its products and services, particularly for women entrepreneurs and exp ...
MALAYSIABANKING & FINANCENEWS
2019 Budget Carefully Crafted to balance Fiscal Discipline, Growth - Banks
KUALA LUMPUR, Nov 3 (Bernama) - The 2019 Budget is seen to be carefully crafted to balance fiscal discipline and growth, say Malaysian banks.
MALAYSIABANKING & FINANCENEWS
2019 Budget: Foreign Digital Services Tax ensures Level Playing Field - RinggitPlus
KUALA LUMPUR, Nov 3 (Bernama) - The service tax on foreign digital services announced in the 2019 Budget will ensure a level playing field and foster healthier competition with local digital services players, says financial comparison website RinggitPlus.
MALAYSIABANKING & FINANCENEWS
IRDA says 2019 Budget in line with its Plans, Focus
JOHOR BAHRU, Nov 3 (Bernama) - The Iskandar Regional Development Authority (IRDA) sees the 2019 Budget as being in line with its own planning and focus to become a sustainable, international-standard metropolis.
MALAYSIAEMPLOYMENT & LABOUR LAWJUDGMENTS
Jamie Andrew Mcglashan v Limkokwing University of Creative Technology
Date: 08 Oct 2018; Court: Industrial Court; Citation: Award No. 2491 of 2018; Source: Industrial Court
MALAYSIAEMPLOYMENT & LABOUR LAWJUDGMENTS
Puan Tan Kah Ghee v Guestserv (Malaysia) Sdn Bhd (Malay)
Date: 08 Oct 2018; Court: Industrial Court; Citation: Award No. 2494 of 2018; Source: Industrial Court
MALAYSIAEMPLOYMENT & LABOUR LAWJUDGMENTS
Eric Lee Tuck Meng v Gorilla Plt (Malay)
Date: 08 Oct 2018; Court: Industrial Court; Citation: Award No. 2495 of 2018; Source: Industrial Court
MALAYSIALITIGATION & COURT PROCEDURENOTICES
Practice Direction on the Preparation of Reports Under Section 281 of the Criminal Procedure Code
This is to notify that the practice direction of the Chief Justice No. 3 of 2018 on the preparation of reports under Section 281 of the Criminal Procedure Code is made available for reference purpose. Circular No. 243/2018
MALAYSIALITIGATION & COURT PROCEDURENOTICES
Practice Direction on Dealing with Criminal Documents Electronically Throughout Courts of Malaysia
This is to notify the members of the Malaysian Bar that the Practice Direction of the Chief Justice No 2 of 2018 pertaining to documents in criminal proceedings in courts throughout Malaysia came into operation on 20 Aug 2018. Circular No. 241/2018
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