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Bank Negara revising rules against money laundering
KUALA LUMPUR: Bank Negara Malaysia is finalizing revisions to guidelines against money laundering and terrorism financing.
Anti-corruption crusade in full force in Corporate Malaysia
THE Pakatan Harapan government envisions a corruption-free Malaysia in five years’ time, but the journey towards the ambitious objective will be a bumpy one – especially for Corporate Malaysia.
MaGIC appoints Abdul Rahman as new chairman
KUALA LUMPUR: Malaysian Global Innovation and Creativity Centre (MaGIC), an agency under the Ministry of Entrepreneur Development (MED) today announced the appointment of Datuk Abdul Rahman Datuk Mohd Hashim as chairman.
Buying property at an auction
AUCTION properties are usually auctioned off at a very attractive price. Readers will notice that the phrase used is “auctioned off” and not “sold”.
Sanctity of contracts paramount
FIRST it was Prestariang Bhd’s concession dubbed Sistem Kawalan Imigresen Nasional or SKIN.
What is real property gains tax?
REAL property gains tax (RPGT) is a tax charged on gains arising from the disposal or sale of real property or shares in a real property company (RPC).
Unconscionable for banks to seek refuge behind exclusion clauses
In April 2008, a British couple living in the United Kingdom obtained a loan facility of RM715,487 to finance the purchase of their property in Malaysia. It was a term of the loan facility that the bank would make progressive payments to the developer against certificates of completion issued by the architect at each progress billing.
Right to legal representation in a conveyancing transaction
IDEALLY, each party to a conveyancing transaction should be represented by a solicitor and a solicitor should not represent more than one party in a conveyancing transaction.
Advertisement by housing developer on free legal fees
THE purpose of this article is to provide some pointers and guidelines to a purchaser who wishes to appoint his own solicitor when buying a housing accommodation from a housing developer.
Iris appoints new chairman and directors
PETALING JAYA: Iris Corp Bhd announced a slew of new directors into its board yesterday.
