KUALA LUMPUR, June 16 (Bernama) - The Housing and Local Government Ministry has proposed that banks also take into account all other incomes of housing loan applicants to address the high rate of rejections of applications from people in the middle- and low-income groups.
Date: 16 June 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, June 12 (Bernama) - Putting an end to Bank Negara Malaysia's (BNM) involvement in non-core activities, should be one of the main reforms that the new government can embark on, said HELP University Professor Dr Geoffrey Williams.
Date: 12 June 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, June 1 (Bernama) - Bursa Malaysia has announced zero-rated Goods and Services Tax (GST) on all fees charged by the stock exchange operator and subsidiaries effective today.
Date: 01 June 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, June 1 (Bernama) - Conventional commercial banks in Malaysia will charge the Goods and Services Tax (GST) at zero per cent for all banking products and services which were previously subject to GST at six per cent.
Date: 01 June 2018; Type: Industry Updates; Source: Bernama
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PUTRAJAYA, May 31 (Bernama) - A mini budget and supplementary bill for Federal government expenditure will be tabled in Parliament next month, said Finance Minister Lim Guan Eng. The bill was necessary following the cost-centre revision made in government expenditure, as well as, fiscal adjustment measures undertaken to reduce the country's de ...
Date: 31 May 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, May 28 (Bernama) - Bank Negara Malaysia today announced that Tan Sri Dr Mohd Irwan Serigar Abdullah is no longer a member of its board of directors (BNM Board) by virtue of the fact that he has ceased to hold the office of Secretary-General to the Treasury, effective May 14.
Date: 28 May 2018; Type: Industry Updates; Source: Bernama
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A raiding operation was conducted on Axios Group Sdn Bhd located in Cheras on 24 May 2018. Axios Group Sdn Bhd was suspected to have committed an offence under section 139(1)(a) of the Financial Services Act 2013 (FSA) for using the word “bank” in their office premise signage and websites without written approval by Bank Negara Malaysia ...
Date: 24 May 2018; Type: Legal News; Source: Bank Negara
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The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB) reprimanded and fined Tang Boon Hiap of CHI-LLTC a sum of RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company. Compliance with auditing standards when auditing the financial statements of a public-interest entit ...
Date: 25 April 2018; Type: Legal News; Source: Securities Commission
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KUALA LUMPUR, Apr 26 (Bernama) - Bank Negara Malaysia (BNM) has appointed two new Assistant Governors, Nazrul Hisyam Mohd Noh and Tan Nyat Chuan, effective May 1, 2018.
Date: 26 April 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Apr 18 (Bernama) - In a world's first, GoldCrypto will protect and guarantee its cryptocurrency tokens from any theft through hacking.
Date: 18 April 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Apr 16 (Bernama) - Bursa Malaysia Bhd has introduced Intraday Short-Selling (IDSS) for all investors as part of the exchange's strategy to boost market liquidity.
Date: 16 April 2018; Type: Industry Updates; Source: Bursa Malaysia
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KUALA LUMPUR, Apr 15 (Bernama) - Foreign insurers, who have repatriated about RM16.5 billion between 2008 and 2017 in the form of dividends but didn't contribute as much as expected for the development of the domestic industry, can't choose alternative initiatives with their promise to divest stake, said Bank Negara Malaysia (BNM).
Date: 15 April 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Apr 11 (Bernama) - Bank Negara Malaysia (BNM) will introduce minimum standards for the nascent but growing area of mobile payments in the coming months to enhance consumer protection.
Date: 11 April 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Apr 4 - Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded Seacera Group Berhad (SEACERA) in respect of the company’s fourth quarterly report for the financial year ended 31 December 2016 (QR Dec 2016) announced on 28 February 2017 which was in contravention of paragraph 9.16(1 ...
Date: 04 April 2018; Type: Legal News; Source: Bursa Malaysia
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KUALA LUMPUR, Apr 2 (Bernama) - Bursa Malaysia Securities Bhd plans to enhance the regulatory framework for listed Collective Investment Schemes (CIS) and business trusts under the Main Market Listing Requirements (Main LR).
Date: 02 April 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Mar 29 (Bernama) - Bank Negara Malaysia (BNM) has not experienced any financial loss in a cybersecurity incident involving attempted unauthorised fund transfers using falsified Society for Worldwide Interbank Financial Telecommunication (SWIFT) messages.
Date: 29 March 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Mar 28 (Bernama) - Bank Negara Malaysia (BNM) outlines talent, financing, infrastructure and regulations as four key pillars to increase the country's economic complexity, which allows Malaysia to further diversify product mix and maximise the opportunities for the nation in the highly-dynamic global environment.
Date: 28 March 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Mar 28 (Bernama) - Continued vigilance together with the ability and will to act pre-emptively to address the build-up of vulnerabilities, risks and imbalances are critical to secure Malaysia's growth prospects, says Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim.
Date: 28 March 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Mar 28 (Bernama) - Bank Negara Malaysia (BNM) will continue to engage the insurance and takaful industry on developing fit-for-purpose regulations.
Date: 28 March 2018; Type: Legal News; Source: Bernama
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The Court of Appeal on Friday, 23 March 2018, dismissed an appeal by former director of LFE Corporation Bhd (LFE), Alan Rajendram a/l Jeya Rajendram, against his conviction for furnishing false statements to Bursa Malaysia Securities Bhd (Bursa) in 2007.
Date: 26 March 2018; Type: Legal News; Source: Securities Commission
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