PUTRAJAYA, Dec 18 (Bernama) - The Federal Court here ruled that banks cannot rely on exclusion clauses in loan agreement to absolve any liability against them, describing the patent as unfairness and injustice as there is an absolute restriction to customers’ right to damages. Federal Court Judge Datuk Seri Balia Yusof Wahi in his 37-pag ...
Date: 18 December 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Dec 17 (Bernama) - The Cabinet has decided that the Tabung Haji (TH) will be placed under the supervision of the Bank Negara Malaysia (BNM), says Deputy Minister in the Prime Minister's Department Fuziah Salleh.
Date: 17 December 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Dec 14 (Bernama) - The Securities Commission Malaysia (SC) has released the revised Prospectus Guidelines and Equity Guidelines, which will come into effect on March 13, 2019.
Date: 14 December 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Dec 12 (Bernama) - The Securities Commission (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Shaiful Nazren Kassim for improper business practices, effective Dec 7, 2018.
Date: 12 December 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Dec 10 (Bernama) - Lembaga Tabung Haji (TH) will be placed under Bank Negara Malaysia’s (BNM) supervision starting January next year to improve the organisation’s governance, said Minister in the Prime Minister’s Department, Datuk Seri Dr Mujahid Yusof.
Date: 10 December 2018; Type: Legal News; Source: Bernama
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On 28 November 2018, Bank Negara Malaysia (BNM) and Dubai Financial Services Authority (DFSA) had signed a Memorandum of Understanding (MoU) on supervisory cooperation for effective supervision of banking and insurance/ takaful/ reinsurance institutions operating in both countries.
Date: 05 December 2018; Type: Industry Updates; Source: Bank Negara
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KUALA LUMPUR, Dec 6 (Bernama) - Regulations are currently being put in place to bring digital assets within the remit of securities laws to promote fair and orderly trading and ensure investor protection, the Securities Commission (SC) and Bank Negara Malaysia (BNM) said today. Digital assets refer to digital currencies and digital tokens.&nbs ...
Date: 06 December 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Nov 29 - The Securities Commission Malaysia’s (SC) Audit Oversight Board (AOB), has withdrawn the recognition of Singapore-based audit firm RT LLP and Su Chun Keat, who is a partner in the firm.
Date: 29 November 2018; Type: Industry Updates; Source: Securities Commission
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Bank Negara Malaysia, Association of Islamic Banking Institutions Malaysia (AIBIM) and Malaysian Takaful Operator (MTA), in collaboration with various agencies and business associations will be organising a business engagement programme entitled “Islamic Finance Rendezvous Series” on 14 January 2019 at Eastin Hotel, Bayan Lepas, Pulau P ...
Date: 27 November 2018; Type: Industry Updates; Source: Bank Negara
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KUALA LUMPUR, Nov 28 (Bernama) - The government will announce two key frameworks in the first quarter of 2019 regarding cryptocurrency and property crowdfunding regulations to be meted out by the Securities Commission Malaysia (SC).
Date: 28 November 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Nov 26 (Bernama) - Finance Minister, Lim Guan Eng, says anyone wishing to introduce a new cryptocurrency will have to refer to Bank Negara as they have the final say.
Date: 26 November 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Nov 15 (Bernama) - The government is mulling with the idea of cryptocurrency, especially on the role it might replace, Prime Minister Tun Dr Mahathir Mohamad said.
Date: 15 November 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Nov 14 (Bernama) - The 10 per cent salary cut for all Cabinet ministers will remain in force, Finance Minister Lim Guan Eng said today.
Date: 14 November 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Nov 13 (Bernama) - It is time for Bank Negara Malaysia (BNM) to reimpose financing quota that the banks need to adhere to in order to assist first-time home buyers, said the National House Buyers Association (HBA).
Date: 13 November 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Nov 12 (Bernama) - The Employees Provident Fund (EPF), with the approval from the Ministry of Finance, has agreed to extend Datuk Mohamad Nasir Ab Latif’s term as Deputy Chief Executive Officer (Investment) until Dec 31, 2019.
Date: 12 November 2018; Type: Legal News; Source: Bernama
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KUALA LUMPUR, Nov 7 (Bernama) - The Securities Commission (SC) will remain vigilant of any potential breaches of securities law, said Chairman Datuk Syed Zaid Albar.
Date: 07 November 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Nov 5 (Bernama) - The Securities Commission Malaysia (SC) will be reviewing the details of the proposed structure and Guidelines on Recognised Markets to facilitate the establishment of property crowdfunding platforms as outlined in the 2019 Budget.
Date: 05 November 2018; Type: Legal News; Source: Bernama
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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.
Date: 03 November 2018; Type: Industry Updates; Source: Bernama
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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.
Date: 03 November 2018; Type: Industry Updates; Source: Bernama
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KUALA LUMPUR, Nov 3 (Bernama) - The 2019 Budget is seen to be carefully crafted to balance fiscal discipline and growth, say Malaysian banks.
Date: 03 November 2018; Type: Industry Updates; Source: Bernama
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