malaysia - Competition Law & Anti-Trust - Notices & Directives

Feedback invited on the proposed Block Exemption under Section 8(1) of the Competition Act 2010

The Competition Commission has invited comments from the public on the proposed block exemption for vessel sharing agreements and voluntary discussion agreements in respect of liner shipping services. The members of the public may comment on it until 5 pm on 9 June 2017.
Date: 11 May 2017; Type: Feedback; Source: Competition Commission

Preliminary View on Proposed Amendments of Competition Act 2010 and Competition Commission Act 2010

Online Public Engagement Stage 1: Preliminary View on Proposed Amendment of Competition Act 2010 [Act 712] and Competition Commission Act 2010 [Act 713].
Date: 09 March 2017; Type: Consultation Paper; Source: Competition Commission

INDUSTRY UPDATES

Special Committee to monitor Prices after Zero GST

KOTA KINABALU, June 20 (Bernama) - An activist on human rights and consumerism in Sabah today suggested the setting up of a special committee to ensure traders and wholesalers in Sabah reduce or maintain the low price of their goods following the abolishment of the Goods and Services Tax (GST) last June 1.

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INDUSTRY UPDATES

London Documents to be used as Evidence against Petronas' Application

KUCHING, June 17 (Bernama) - The Sarawak state government would use Malaysia Agreement 1963-related documents found in London last year as a reference in its fight for rights to oil and gas produced in its territory.

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INDUSTRY UPDATES

CEP gets Seven Immediate Recommendations on Institutional Reform

KUALA LUMPUR, June 19 (Bernama) - The Committee on Institutional Reforms submitted to the Council of Eminent Persons (CEP) today seven immediate recommendations on the reform of key institutions in the country.

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INDUSTRY UPDATES

Government to evaluate Zero GST Effect - Salahuddin

PUTRAJAYA, June 18 (Bernama) - The Agriculture and Agro-based Industry Ministry will make a comprehensive evaluation on the effects of the abolition of the Goods and Services Tax (GST) on the cost of food production and price of food items, said its minister, Salahuddin Ayub.

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INDUSTRY UPDATES

GST: Zeti hopes Retailers will pass on Benefits to Consumers

KUALA LUMPUR, June 18 (Bernama) - Council of Eminent Persons (CEP) member Tan Sri Dr Zeti Akhtar Aziz hoped that consumers will continue to enjoy cheaper products following the move by the government to zero-rate the Goods and Services Tax (GST).

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INDUSTRY UPDATES

AALCO Annual Arbitration Forum

AALCO Annual Arbitration Forum

Kuala Lumpur, June 18 - The 2018 Annual Arbitration Forum of the Asian-African Legal Consultative Organisation (AALCO) will be held from the 21st to 22nd of July 2018 at Bangunan Sulaiman, Asian International Arbitration Centre, Kuala Lumpur. The Forum coincides with the 40th anniversary of the Asian International Arbitration Centre’s (AIAC) establishment under the auspices of the AALCO.

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INDUSTRY UPDATES

Website Glitch due to broken chain of trust between MYNIC, IANA Servers

KUALA LUMPUR, June 16 (Bernama) - MYNIC Bhd, an agency under the Communications and Multimedia Ministry (KKMM), has confirmed there was a broken chain of trust between the servers in MYNIC and Internet Assigned Numbers Authority (IANA).

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INDUSTRY UPDATES

Chief Justice, Court of Appeal President tender Resignations

PUTRAJAYA, June 13 (Bernama) - Chief Justice Tun Raus Sharif and Court of Appeal president Tan Sri Zulkefli Ahmad Makinudin have tendered their resignations which will take effect on July 31, it was announced today.

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INDUSTRY UPDATES

Dr M defends CEP over summoning of Judges

TOKYO, June 12 (Bernama) - Tun Dr Mahathir Mohamad has come to defence of the Council of Eminent Persons (CEP) for reportedly summoning judges recently.

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INDUSTRY UPDATES

Interpol Red Notice can be used to arrest Jho Low - Lawyers

KUALA LUMPUR, June 11 (Bernama) - There are ways to bring Low Taek Jho or Jho Low back to the country over an investigation of the 1Malaysia Development Berhad (1MDB) scandal.

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INDUSTRY UPDATES

Put an end to BNM's Non-Core Activities

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.

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INDUSTRY UPDATES

Malaysia and Japan to revive Look East Policy

KUALA LUMPUR, June 12 (Bernama) - Malaysia and Japan will rejuvenate and upgrade the Look East Policy to deepen collaboration and strengthen business competitiveness for both countries.

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INDUSTRY UPDATES

AG to recuse himself Sua Sponte

PUTRAJAYA, June 11 (Bernama) - Attorney-General (AG) Tommy Thomas has given assurance that he will recuse himself from cases involving parties he may know to avoid conflict of interest, according to the Malaysian Bar Council.

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INDUSTRY UPDATES

Tourism Tax should be abolished - MAH

KUALA LUMPUR, June 11 (Bernama) - The Malaysian Association of Hotels today reiterated their call for the tourism tax to be abolished as it is counter productive to the tourism industry.

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INDUSTRY UPDATES

Companies, Traders need to submit GST 03 Tax returns for now

ALOR SETAR, June 9 (Bernama) - The Royal Malaysian Customs Department says traders who have registered under the Goods and Services Tax (GST) system need to submit their GST 03 statements or tax returns even though the GST has been zero rated since June 1.

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