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KUALA LUMPUR: Wah Seong Corp Bhd’s indirect unit PPI Industries Sdn Bhd, one of the steel players whose bank accounts were frozen under the Customs Department’s industry-wide audit earlier this year, did not break any law.
BEIJING: Twenty-two Chinese government bodies agreed on Monday to jointly mete out punishment to listed companies identified by the securities regulator to have broken the law.
SERI KEMBANGAN: Bank Negara has been asked to do a study on enacting a new law to govern trading in the gold and silver markets, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
The US Securities and Exchange Commission (SEC) is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch's plan to pay US$3.62bil in bonuses before they voted for the merger of the banks, the i>Financial Times/isaid.
AS with any new market that is beginning to open up, Myanmar has been receiving its fair share of attention from investors, with most having only the foggiest idea of what to expect in a country where the military is still very much in power.
YANGON: A long-awaited investment law in Myanmar is likely to be delayed until November after the president opted to return the latest draft to parliament, another setback for foreign firms eager to tap one of Asias last frontier markets.
The Malaysian Iron and Steel Industry Federation (MISIF) is hoping that the government will introduce an anti-dumping law for steel products being imported into Malaysia.
Sarawak's Housing Ministry will study the details of an amendment to the housing development law requiring developers in Peninsular Malaysia to give a 24-month guarantee period for defect liability.
PETALING JAYA: A proposed law to regulate trading in gold and silver has yet to be formally discussed with industry participants, according to Tomei Consolidated Bhd group managing director Ng Yih Pyng.
PETALING JAYA: There is much uncertainty as to how the Singapore government’s proposed changes to its casino law will impact Genting Bhd and its 52%-owned unit Genting Singapore, whose Resorts World Sentosa is one of only two casino resorts in the island-republic.