NH

The Securities Commission of Malaysia (“SC”) has liberalised its regulations in relation to fund management on 8 July 2015 to introduce boutique portfolio management which is a new portfolio management licence category. The SC has since issued its revised Licensing Handbook dated 8 July 2015. Portfolio fund managers now have the option of applying for either a full-fledged […]

The Malaysian Prime Minister had, in his 2015 Budget Speech, announced several incentives for the industrial sector under the 2015 Budget proposals. Of particular note for multinationals is a customized package of incentives to encourage multinational companies to set up global operational centres in Malaysia… Full article: Principal Hub for Multinationals in Malaysia and Other New Tax Incentives

At a Glance – The Malaysian Goods and Services Tax Act 2014 First and foremost, the Goods and Services Tax Act 2014 (“GST Act”) was gazetted on 19 June 2014 and will come into effect on 01 April 2015 (“effective date”). The GST Act will replace the current Sales Tax Act 1972 and Service Tax

Effective 1 January 2014 Mandatory credit ratings for bond issuance to be liberalised. International rating agencies will be permitted to practice in Malaysia. The announcements by Prime Minister Datuk Seri Najib Razak on 9th June 2014 of the Government’s commitment to liberalise the credit rating services industry signals the positive response of authorities to the