Saturday, 27 May 2017
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BNM to unveil New Regulatory Measures to strengthen Banking System, says Governor

KUALA LUMPUR, May 25 (Bernama) - Bank Negara Malaysia (BNM) will introduce three regulatory measures to strengthen the foundations for a strong and resilient banking system in the next seven months which include employment reference check. Governor Datuk Seri Muhammad Ibrahim said the central bank would implement a mandatory employment reference check for financial industry employees which was aimed at removing employee information asymmetries during job transitions.

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Editor's Picks

Government to plan Public Hearing Sessions as demanded by new Constitution

Date: 25 May 2017; Type: Legal News; Source: National News Bureau of Thailand
BANGKOK, 25th May 2017 (NNT) - The government is to abide by a condition of the new Constitution, which calls for the hearing of public opinions to help write new laws.

Government releases ‘Martial Law Fast Facts’

Date: 25 May 2017; Type: Legal News; Source: Philippine News Agency
MANILA, May 25 - To prevent misinformation and allay fears of chaos, the government has released a video explaining the basic facts about President Rodrigo Duterte’s declaration of martial law in Mindanao.

Penang Assembly approves State Loan Bill

Date: 25 May 2017; Type: Legal News; Source: Bernama
GEORGE TOWN, 25 Mei (Bernama) - The Penang state assembly today approved the Penang Loan (Banks and Other Financial Sources) Bill 2017 which will allow the DAP-led government to borrow from a bank in China.
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CDC’s Meechai: Invocation of Article 44 to implement EEC Project not unconstitutional

Date: 25 May 2017; Type: Legal News; Source: National News Bureau of Thailand
BANGKOK, 25th May 2017 (NNT) - The Chairman of the Constitutional Drafting Commission has confirmed that the invocation of Article 44 of the new charter to further implement the Eastern Economic Corridor project is not unconstitutional.

NLA to consider 2 Organic Laws of Charter next Week

Date: 24 May 2017; Type: Legal News; Source: National News Bureau of Thailand
BANGKOK, 24 May 2017 (NNT) - The Constitution Drafting Committee (CDC) will submit two more organic laws of the constitution to the National Legislative Assembly (NLA) next month.

BOK, HKMA, MAS, RBA and RBI welcome the Publication of the FX Global Code

Date: 25 May 2017; Type: Legal News; Source: Monetary Authority of Singapore
Singapore, 25 May 2017 - The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome the publication of the FX Global Code (the Code), a single global code of conduct for the wholesale foreign exchange (FX) market. ...

Ombudsman orders Dismissal of 5 Tarlac Town Execs

Date: 25 May 2017; Type: Legal News; Source: Philippine News Agency
MANILA, May 25 - The Office of the Ombudsman (Ombudsman) has ordered the dismissal from the service of five officials from Mayantoc, Tarlac after they were found administratively liable for grave misconduct and gross neglect of duty.

House receives Copy of Martial Law Declaration

Date: 25 May 2017; Type: Legal News; Source: Philippine News Agency
MANILA, May 25 - The office of Speaker Pantaleon Alvarez has officially received from Malacañang a copy of Duterte’s Proclamation No. 216, declaring a state of martial law and suspending the privilege of the writ of habeas corpus in the whole of Mindanao.

Rule of Law, Human Rights to prevail Despite Martial Law in Mindanao - DND

Date: 25 May 2017; Type: Legal News; Source: Philippine News Agency
MANILA, May 25 - Despite the declaration of martial law in Mindanao, the Department of National (DND) has ordered military units to observe the rule of law and human rights in the performance of their duties.

Singapore files Written Observations on Malaysia's Application to revise 2008 Judgement

Date: 25 May 2017; Type: Legal News; Source: Bernama
SINGAPORE, May 25 (Bernama) - Singapore has filed with the International Court of Justice (ICJ) its written observations on the admissibility of Malaysia's application to revise the 2008 judgment in the case concerning sovereignty over Pedra Branca, Middle Rocks and South Ledge.

95 per cent of Civil, Criminal Cases solved within Stipulated Time - Chief Justice

Date: 25 May 2017; Type: Legal News; Source: Bernama
SINTOK, May 25 (Bernama) - A total of 95 per cent of court cases involving civil and commercial matters across the country were solved within the stipulated time.

Guidelines, Tips for Employers of Foreign Domestic Workers launched

Date: 25 May 2017; Type: Legal News; Source: Bernama
PUTRAJAYA, May 25 (Bernama) - Malaysia has launched its first Guidelines and Tips for Employers of Foreign Domestic Helpers which contain useful information on laws and best practices related to recruitment and employment of foreign domestic workers.

Commissioner of Internal Revenue v Ong Beng Gui

Date: 18 May 2017; Court: Court of Tax Appeals; Citation: CTA EB No. 1248 ; Source: Court of Tax Appeals

Price Control and Anti-Profiteering (Determination of Maximum Price) (No. 4) Order 2017

Date: 24 May 2017; Type: Federal Subsidiary Legislation; Citation: P.U. (A) 147 of 2017; Source: AGC Federal Gazette
This Order has effect for the period from 25 May 2017 to 31 May 2017.

Man fined $2,200 for keeping Wild Animals and obstructing Ava’s Investigation

Date: 18 May 2017; Type: Legal News; Source: Agri-Food & Veterinary Authority
18 May 2017 - On 17 May 2017, a 24-year-old man, Raymi Thye Bin Mustafa, was fined $1,000 for keeping a hedgehog illegally and another $1,200 for obstructing AVA’s investigation. Four other charges involving other hedgehogs were also taken into consideration during the sentencing.

Law prohibiting ‘Distracted Driving’ to be fully enforced on Thursday

Date: 24 May 2017; Type: Legal News; Source: Department of Transportation
METRO MANILA - Fifteen days after the publication of its Implementing Rules and Regulations (IRR), the law prohibiting forms of distracted driving for both public and private vehicles shall take full effect on Thursday, May 18.

JJWC clarifies proper Handling of Children involved in Drug Related Offenses

Date: 22 May 2017; Type: Legal News; Source: Department of Social Welfare and Development
“Children who are alleged to be involved in drug-related offenses should be handled by law enforcement officers in accordance with the provisions of Republic Act 9344 as amended by R.A. 10630 or the Juvenile Justice and Welfare Act in relation to the Dangerous Drugs Act of 2002,” Atty. Tricia Clare A. Oco, Executive Director of the Juve ...

Bello lifts Suspension on Direct Hires

Date: 17 May 2017; Type: Legal News; Source: Department of Labor and Employment
Labor Secretary Silvestre H. Bello III has lifted the suspension on the processing of direct hired overseas Filipino workers (OFWs) after officials ended their investigation into the reported anomalous activities within the Philippine Overseas Employment Administration (POEA).
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BOK, HKMA, MAS, RBA and RBI welcome the Publication of the FX Global Code

Singapore, 25 May 2017 - The Bank of Korea (BOK), the Hong Kong Monetary Authority (HKMA), the Monetary Authority of Singapore (MAS), the Reserve Bank of Australia (RBA) and the Reserve Bank of India (RBI) today welcome ...

BNM to unveil New Regulatory Measures to strengthen Banking System, says Governor Penang Assembly approves State Loan Bill Former Directors jailed Six Months for misleading Financial Disclosures to SC more

MyCC to raise Private, Public Sectors Awareness of Bid Rigging

KUALA LUMPUR, May 23 (Bernama) - The Malaysia Competition Commission (MyCC) remains focus on raising the awareness of stakeholders in both the private and public sectors, as well as educating them about the implications ...

Feedback invited on the proposed Block Exemption under Section 8(1) of the Competition Act 2010 MyCC proposes Renewal of Block Exemption Order for Liner Shipping Agreements for Another Two Years Competition (Appeal Tribunal) Regulations 2017 more

Ombudsman orders Dismissal of 5 Tarlac Town Execs

MANILA, May 25 - The Office of the Ombudsman (Ombudsman) has ordered the dismissal from the service of five officials from Mayantoc, Tarlac after they were found administratively liable for grave misconduct and gross neg ...

Man fined $2,200 for keeping Wild Animals and obstructing Ava’s Investigation JJWC clarifies proper Handling of Children involved in Drug Related Offenses CA indefinitely stops Veloso Deposition on Human Trafficking Raps vs Recruiters more

Singapore files Written Observations on Malaysia's Application to revise 2008 Judgement

SINGAPORE, May 25 (Bernama) - Singapore has filed with the International Court of Justice (ICJ) its written observations on the admissibility of Malaysia's application to revise the 2008 judgment in the case concerning s ...

Haji Roby Rumatella v Perusahaan Umum (Perum) Pembangunan Perumahan Nasional (Perumnas) and Another Drs Hartono, DKK v Sekretaris Daerah Provinsi Bali Kepala Kantor Pertanahan Kabupaten Bekasi and Another v Dr H Muhammad Hasyim, DKK more

Guidelines, Tips for Employers of Foreign Domestic Workers launched

PUTRAJAYA, May 25 (Bernama) - Malaysia has launched its first Guidelines and Tips for Employers of Foreign Domestic Helpers which contain useful information on laws and best practices related to recruitment and employmen ...

Bello lifts Suspension on Direct Hires Guidelines in the Conduct of Voluntary Regularization of Employees TGG Pte Ltd fined $270,000 and its Managing Director fined $40,000 under the Workplace Safety and Health Act more

Prosecution withdraws Appeal against Acquittal of Orang Asli on Rioting Charge

PUTRAJAYA, May 24 (Bernama) - Three Orang Asli of the Temiar tribe remain free men after the prosecution withdrew its appeal against their acquittal for allegedly rioting at a vegetable farm area in Lojing, Kelantan in 2 ...

Five Orang Asli Families receive Compensation from Selangor Bio Bay Developer 18 Families whose Homes were torn down appeal for Compensation H Lalu Sulhan, DKK v Lalu Asrin, DK more

Law prohibiting ‘Distracted Driving’ to be fully enforced on Thursday

METRO MANILA - Fifteen days after the publication of its Implementing Rules and Regulations (IRR), the law prohibiting forms of distracted driving for both public and private vehicles shall take full effect on Thursday, ...

Senate Panel to review IRR on Anti-Distracted Driving Law DOTr to review IRR of Anti-Distracted Driving Law DOTr suspends Implementation of Anti-Distracted Driving Act more

NA approves Measures on Price Controls

The National Assembly has approved measures proposed by the government on the management of goods prices and service fees while also recommending that the related Prime Ministerial Decree be upgraded to a law.

Vehicle Owners to pay higher Road Tax in August One more Year may be needed to complete Civil Code NA debates Draft of Civil Code more

Monks support Monastic Education Law

Monks throughout the country who attended the Third All-Myanmar Monastic Education Conference are in support of the Monastic Education Law (Draft) which was drafted by the Ministry of Religious Affairs in 2014.

Pyithu Hluttaw nod for increased Land, Water, Embankment Tax Supreme Court Judge expresses Regret in Parliament Doubts over Regional and State Constitutional Drafting more

Ombudsman orders Dismissal of 5 Tarlac Town Execs

MANILA, May 25 - The Office of the Ombudsman (Ombudsman) has ordered the dismissal from the service of five officials from Mayantoc, Tarlac after they were found administratively liable for grave misconduct and gross neg ...

Government releases ‘Martial Law Fast Facts’ House receives Copy of Martial Law Declaration Rule of Law, Human Rights to prevail Despite Martial Law in Mindanao - DND more

CDC’s Meechai: Invocation of Article 44 to implement EEC Project not unconstitutional

BANGKOK, 25th May 2017 (NNT) - The Chairman of the Constitutional Drafting Commission has confirmed that the invocation of Article 44 of the new charter to further implement the Eastern Economic Corridor project is not u ...

Government to plan Public Hearing Sessions as demanded by new Constitution NLA to consider 2 Organic Laws of Charter next Week NBTC confirms will not block Facebook more

Industry Updates

Ahok resigns after dropping Appeal against Court's Verdict

Jakarta (ANTARA News) - Basuki Tjahaja Purnama (Ahok) submitted his resignation as Jakarta governor a day after withdrawing his appeal against the verdict, according to Home Affairs Minister Tjahjo Kumolo.

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Industry Updates

Complete Elimination of Non-Tariff Barriers will Make ASEAN more Attractive - Mustapa

SINGAPORE, May 25 (Bernama) -- The complete elimination of non-tarrif barriers will make the future of ASEAN more attractive, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

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Industry Updates

94 Prisoners in Rakhine State receive Amnesty

A total of 94 prisoners – 62 Myanmar nationals, and 32 foreign nationals – were released yesterday morning from prisons in Rakhine State under a special presidential amnesty, according to the state correctional department’s list.

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Industry Updates

Myanmar, Indian Universities to ink MOUs for Cooperation

The universities of Myanmar and India have plans to sign MOUs for cooperation in the education sector, Professor Dr Thida Win from Mandalay University said.

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Students

MyIPO allocates RM500,000 for Students to register Intellectual Properties - Hamzah

LARUT, April 29 (Bernama) -- The Intellectual Property Corporation of Malaysia (MyIPO) has allocated some RM500,000 for school and university students in the country to register their intellectual properties (IP) this year, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.

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Students

Law Students can help MPs make better Legislation

Legal experts spoke of the advantages that MPs can get if they incorporate law students in their legislative functions, during the National Law Students Conference held at Yangon University’s Diamond Jubilee Hall.

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Industry Updates

Mandatory for Corporate Taxpayers to Furnish form CP204 & CP204a Via E-Filing

The Inland Revenue Board of Malaysia (IRBM) has notified that under the provision of subsection 107C (1A) of the Income Tax Act 1967 (ITA 1967), it is mandatory for companies to furnish Form CP204 (Estimate of Tax Payable) and CP204A (Revised Estimate of Tax Payable) via e-Filing with effect from the Year of Assessment 2018.

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Industry Updates

Makati RTC Judge is new Sandiganbyan Justice

MANILA, May 23 - President Rodrigo Duterte has appointed Makati Regional Trial Court Branch 65 Judge Edgardo Caldona to the Sandiganbayan as Associate Justice.

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Industry Updates

Customs Department cracking down on Import Tax Evasion

BANGKOK, 24 May 2017 (NNT) – The Customs Department is keeping an eye on illicit businesses circumventing taxation such as travelers that return with goods for commercial purposes and shipping companies with fraudulent manifests while also considering cooperation with companies such as Alibaba, EBay and Amazon to combat non-regulated e-commerce.

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Industry Updates

Judicial Commissioner recuses himself from hearing Inter Parte Injunction in Najib's Suit against Tony Pua

A High Court Judicial Commissioner today recused himself from hearing the inter parte injunction by Datuk Seri Najib Tun Razak to restrain Petaling Jaya Utara member of parliament Tony Pua Kiam Wee from defaming him in relation to a video clip posting on Facebook.

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Industry Updates

62,000 Companies get Friendly Reminders from Customs Dept

KOTA KINABALU, May 24 (Bernama) -- The Royal Malaysian Customs Department has identified 62,000 out of 441,000 companies who have failed to declare or under declare the Goods and Services Tax (GST).

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Industry Updates

Laos-World Bank launch next 5-year Partnership Framework

The World Bank Office in Vientiane yesterday presented the bank’s Partnership Framework for Laos 2017-2021 to stakeholders, together with the findings of the Systematic Country Diagnostic and the launch of the annual publication entitled Lao Economic Monitor.

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