Business

Bursa Malaysia – The ACE Market

Posted in Blog, Business, Finance

To strengthen the position of Bursa Securities as a conducive capital raising destination, the enhanced framework of the MESDAQ Market will be known as ACE Market effective 3 August 2009. Under the enhanced framework of the ACE Market, there will be certain streamlining of regulatory functions such as:- Securities Commission (“SC”) will continue to register prospectuses of companies seeking listing in ACE Market to ensure adequate disclosures to the investors; SC’s approval, however, is not required where companies are seeking listing on the ACE Market and subsequent proposals of listed...

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Requirements for Main Market Listing: Bursa Malaysia

Posted in Blog, Business, Finance

This is a brief introduction to the unified board of both Main Board and Second Board companies under the Main Market. There is a need for Malaysia to enhance its competitiveness and to strengthen its position as a conducive capital raising destination. Addressing this issue, Securities Commission (“SC”) collaborated with Bursa Malaysia (“Bursa”) to review the listings and equity-raising framework. This enhancement entails the merging of the current Main Board and Second Board into a single board of established corporations. Effective 3 August 2009, this merged market of Main and Second...

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What is a Limited Liability Partnership (LLP)?

Posted in Blog, Business

I have quite a number of clients asking me about LLP, following a recent discussion draft issued by the SSM (Suruhanjaya Syarikat Malaysia). This article is the first of two parts, where I will highlight main characteristics of an LLP. LLP is an alternative form of business entity that combines protection of limited liabilities to its members whilst offering a degree of flexibility in a partnership arrangement for the internal management of the business. The most attractive attribute of an LLP is the continuance of its legal existence and it is independent from its members, which means...

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Malaysia’s Investment Indicators 2009

Posted in Blog, Business, Finance

Malaysia’s Investment Indicators 2009 As you can see above, there are data pertaining: Sales of new commercial vehicles (by unit) Imports of capital and intermediate goods (by RM million) Approved new/re-investments for domestic and foreign sources Historical Base lending rates for 2009 (BLR) Money supply in RM million Risk Weighted Capital (Adequey Ratio by %) NPLs of banking systems (%) for 6 months and 3 months. Amount of newly registered companies for 2009 Amount of recently liquidated companies for...

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Type of Business Entities in Malaysia

Posted in Blog, Business

You may contact us now to receive a free consultation to receive a free consultation on business entities in Malaysia. The basics of setting up a business entity in Malaysia isn’t so difficult to understand: First off, let’s start with Types of Business Entities. There are three (3) different types of business entities to choose from: Sole Proprietorship (also known as Sole Trader) Partnership business entity Limited Company (SDN. BHD. or Sendirian Berhad or BHD. or Berhad) Understanding different types of business entities available in Malaysia for: Foreign Companies Limited...

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Appointing a Company Secretary

Posted in Blog, Business

In Malaysia, the Companies Commission of Malaysia (CCM) requires that every limited company must at least have a company secretary. A company secretary is a person who maintains the records, books, filings, documents, meetings, company seal and so forth. Hiring a good company secretary It’s often good to hire a licensed & experienced company secretary in Malaysia because: He/She already has certain local business & legalities knowledge in CCM’s acts, rules, regulations, best practices & legalities. Able to furnish documents not only on Company Registration &...

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