The Legal 500

Introduction

The announcement of the Malaysia Airlines (MAS)-AirAsia collaboration on 9 August 2011 was questioned by many quarters.

Money Services Business Act 2011 (the “Act”) is an act to provide for the licensing, regulation and supervision of money services business. The Act defines money services business as money-changing business, remittance business and whole sale currency business.

Since 2010, Malaysia has been involved in the Trans-Pacific Partnership (“TPP”) talks along with Australia, Brunei, Chile, New Zealand, Peru, Singapore, United States and Vietnam. The proposed partnership represents the latest multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region.

Introduction

MINING IN MALAYSIA  

Contributing editor: Casey Cogut

Petronas Chemicals Group (PCG) is the largest petrochemical company in Malaysia and one of the largest petrochemical producers in Southeast Asia. It has a history of 25 years in the petrochemical industry and its pedigree is further enhanced by the fact that it is a subsidiary of Petroliam Nasional (Petronas), the national oil company of Malaysia.

The Personal Data Protection Bill 2009 (“PDP”) has recently received Royal Assent in June this year. Since the PDP was first mooted, Malaysia has seen a literal explosion in the number of companies and service providers that have taken to the internet, offering Malaysians a plethora of goods and services that are no longer confined by the limitations of time and geography.

This article highlights in a broad manner the proposed GST in Malaysia and some salient features of GST as seen from the Goods and Services Tax Bill 2009.

The Malaysian Securities Commission (“SC”) has on 15 December 2010 published its revised takeover code.