By Dickson Loo & Joseph Cheah Introduction ‘Asset management’ or ‘capital market activities’ are general terms used to describe a plethora of exercises, including dealings with securities, private retirement schemes, and financial planning. How exactly are these activities governed in Malaysia? What safeguards are afforded to investors and the general public? In this article,[Read More]
Category Archives: Legislation
By Gan Jer Nynn & Joseph Cheah Joint Petition According to the Marriage and Divorce Statistics, Malaysia, 2020 which was released on the 30th November 2020, the stats are as follow: Year Number of Marriages 2018 206,352 2019 203,821 (1.2% decrease) Year Number of Divorces 2018 50,862 2019 56,975 (12% increase) Although[Read More]
By Dickson Loo & Joseph Cheah Introduction Unlike a standard ‘Sdn Bhd’ company incorporated under the Companies Act 2016, a Labuan company established within the special economic zone in the Federal Territory of Labuan is afforded a low tax regime. As a company incorporated under the Labuan Companies Act 1990, it is generally only required[Read More]
By Joseph Cheah On 19th February 2021, the Federal Court has fined online news portal Malaysiakini for contempt of court over readers’ comments. Interestingly, the Attorney General had recommended a fine of RM200,000 only, however the Court had imposed a fine of RM500,000 instead. The Facts: On 9th June 2020, Malaysiakini had published an[Read More]
By Joseph Cheah You probably read and heard a lot of talk about GameStop stocks (“GME”) skyrocket as social media warriors take on Wall Street giants. On 4th January 2021, GME closes at $17.25. As at 29th January 2021, the stock price closes at a whopping $325.00. That is about 1884% increase in 25[Read More]
Legislation, Real Estate
Federal Court : LAD for late delivery of home to be calculated from the date of payment of booking fee
By Joseph Cheah In a landmark decision by the Federal Court on 19th January 2021, the Court held that if the developer fails to deliver vacant possession within the stipulated time, the calculation of the Liquidated Ascertained Damages (“LAD”) shall begin to run from the date of payment of the booking fee. A. [Read More]
By Dickson Loo Despite the wide-spread usage of stamp duty tax (“SDT”) in our everyday life, it is arguably the lesser well-known sibling of income tax due to its inconspicuous and unobtrusive nature. Whilst the topic of SDT is not likely to raise eyebrows amongst professionals, we occasionally receive general queries on the application[Read More]
By Joseph Cheah We have seen a surge in online businesses in 2020 – due to physical stores and offices being forced to close. People that had been impacted financially by Covid-19 had to also step out of their comfort zone to sell goods or services online. Brick and mortar owners had also redesigned[Read More]
By Joseph Cheah Microsoft have had the following gaming consoles in the market: Xbox One X (discontinued around 16th July 2020) Xbox One S All-Digital (discontinued around 16th July 2020) Xbox One S (available for purchase) Xbox Series X (available on 10th November 2020) Xbox Series S (available on 10th November 2020) The above[Read More]
By Dickson Loo Often quoted once too many times by celebrities and influencers, it is said that wealth is not the key to happiness. In this article we seek to persuade you that wealth alone is not the key to happiness. Rather, the key to true happiness is the ability to retain one’s wealth[Read More]