KUALA LUMPUR, 30 June 2009: The government will be tabling a set of far-reaching amendments to the Capital Market Services Act to further strengthen the Securities Commission (SC)’s enforcement powers in corporate governance transgression. Prime Minister Datuk Seri Najib Razak said the amendments would empower the SC to take action against a director or officer […]
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Govt to set up RM500mil Ekuinas investment fund
KUALA LUMPUR, 30 June 2009: A new investment institution, Ekuiti Nasional Bhd (Ekuinas), will be set up soon with an initial capital of RM500 million. The fund will focus on investing in high-growth potential sectors and bumiputera companies, said Prime Minister Datuk Seri Najib Razak. “The government will provide the funds and appoint experts to […]
Foreign ownership of stockbroking firms raised to 70%
KUALA LUMPUR, 30 June 2009: Foreign shareholding limits in existing stockbroking companies will be increased to 70% from the current 49% in efforts to further enhance Malaysia’s position as a listing and investment destination, Prime Minister Datuk Seri Najib Razak announced here today. He also announced that with immediate effect, the Foreign Investment Committee (FIC) […]
Orang asli take demands to Parliament
By Zedeck SiewKUALA LUMPUR, 29 June 2009: Representatives from an indigenous community have submitted a memorandum to Parti Keadilan Rakyat (PKR) parliamentarians to protest the Pahang government’s refusal to gazette traditional Orang Asli lands. The memorandum today also protested the state government’s go-ahead for estate owners to open plantations on traditional Orang Asli lands. “It is our […]
Why only briefing for Muslim MPs?
By Zedeck SiewKUALA LUMPUR, 29 June 2009: The government has been criticised for organising a briefing on three laws related to conversion and religion for Muslim Members of Parliament (MPs) only. Anwar (File pic) “These are very important pieces of legislation. It must be well understood and debated by Muslim and non-Muslim MPs,” Opposition Leader Datuk Seri […]
Hadi to meet Nik Aziz regarding debate with PM (Updated 6.43pm)
Updated at 6.43pm, 29 June 2009 KUALA LUMPUR, 29 June 2009: PAS president Datuk Seri Abdul Hadi Awang said today he was not informed by the party’s spiritual leader Datuk Nik Aziz Nik Mat on his wanting to debate with Prime Minister Datuk Seri Najib Razak on PAS-Umno issues. Hadi Awang Met by reporters at […]
Twenty new cases of Influenza A(H1N1)
KUALA LUMPUR, 29 June 2009: Twenty new cases of Influenza A(H1N1) were reported in Malaysia, with four of the cases infected locally, raising the number of cases to 144 so far, according to Director-General of Health Tan Sri Dr Mohd Ismail Merican. He said the new cases involved 13 Malaysians and seven foreigners: one Vietnamese, […]
Double tax deduction for workplaces with taska
PUTRAJAYA, 29 June 2009: The government plans to provide double tax deduction for companies providing daycare centres (taska) at workplaces, said Deputy Human Resources Minister Datuk Maznah Mazlan. She said this was to encourage employers to pool their resources in setting up taska for the children of their staff, which would help ease the burden […]
Johari Kassim expelled as MPSP member
PENANG, 29 June 2009: The Penang government has expelled Johari Kassim as a member of the Seberang Perai Municipal Council (MPSP) for having led eight Parti Keadilan Rakyat (PKR) councillors in boycotting the swearing-in of the new council president on 4 June. Johari’s expulsion took effect 26 June in keeping with a decision of the […]
Indonesian helpers earn only RM300 to RM500 monthly
By Zedeck SiewKUALA LUMPUR, 29 June 2009: Malaysians are not keen to become domestic helpers because of the low wages, the Human Resources Ministry said today. A recent ministry study found that “more than 70% of employers are only willing to offer monthly wages of between RM300 and RM500 for domestic help,” Deputy Minister Datuk Noraini Ahmad […]
