With the recent news about the implementation of GST, BLR and any other new enforcement in the country, take note also that the Bank Negara Malaysia (BNM) has decided to increase the overnight Policy Rate (OPR) from 3.0% to 3.25%…
Year: 2014
10 Things You Need To Know About Compensation Fund Department,Bar Council
10 Things you need to know about Compensation Fund Department, Bar Council Suffering from financial loss due to the lawyer’s dishonesty? Client now can seek compensation from the Malaysian Bar Council in the form of a grant from the Advocates…
[Member] Dealership Agreement – Equipment
DEALER AGREEMENT THIS AGREEMENT is made this [Date] day of ______________ by and between [Name of Distributor], with its principal place of business located at [Address] (the “Distributor”) and [Name of Dealer], [Address] (the “Dealer”). NOW, THEREFORE, in consideration of the…
MRTA or MLTA: Which Do I Choose?
MRTA or MLTA: Which Do I Choose? Deciding to buy a new home is not a frivolous decision. It is a huge commitment and money sink and you’re likely to spend a good portion of your adult years…
[Member] Distributorship Agreement – Equipment
DISTRIBUTORSHIP AGREEMENT THIS AGREEMENT is made this ___ day of __________________, ________, by and between [to insert company name], with its principal place of business located at (to insert address) (the “Company”) and __________________________________[Name of Distributor] [I/C No :_______________________], at…
Buying A New Home? Need Financing?
BUYING A NEW HOME? NEED FINANCING? Purchasing a new home can be very costly. Fortunately for us, we can turn to the bank for a mortgage loan to help us out. Mortgage loans allow us to pay for a…
What is Individual Title & Strata Title?
WHAT IS INDIVIDUAL TITLE AND STRATA TITLE? An individual title is for a property which has its own land and this usually means that the land itself is owned by the proprietor. Strata titles are generally for properties in a…
Buying A Property in Malaysia
So you want to buy a property in Malaysia? Property types in Malaysia Malaysia, offers 3 major types of properties: residential properties, commercial properties and vacant land. Residential property Residential property wraps up a whole area of property types including…
What Is Indecent Exposure?
What is Indecent exposure? It is the deliberate exposure in public or in view of the general public by a person of a portion or portions of his or her body, in circumstances where the exposure is contrary to local…
How GST Will Impact Home Prices & The Property Market
Goods and Service Tax (GST) is likely to be implemented in Malaysia in April 2015. Implementation of GST in lieu of Sales Tax, will cause the home and property prices to increase invariably. The only similarity between GST and the…
Management Agreement (with Directors Resolution)
[Company Name] (Company Registration No. ) (Incorporated in ) (the “Company’) DIRECTORS’ RESOLUTIONS IN WRITING PURSUANT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY MANAGEMENT AGREEMENT WHEREAS:- The Company was appointed by [Company Name]…
Tax Season – 11 Critical Deductions You Should Know
The Tax season has once again knocked the doors of all working class people to file their tax returns till April 30. However, all business partners and sole proprietors can breathe a sigh of relief as the deadline to file…
Sponsorship Agreement II
SPONSORSHIP & SERVICES AGREEMENT This agreement (“Agreement”), dated as of [ INSERT DATE] is entered into by and between [INSERT COMPANY A NAME], [ADDRESS], Attn: [NAME] (“Sponsor”), and [INSERT COMPANY B NAME], [ADDRESS], Attn: [NAME] (“COMPANY B”). 1. Term: The term…
Sponsorship Agreement I
SPONSORSHIP AGREEMENT This Sponsorship Agreement (the “Agreement”) is entered into effective as of the date set forth on the signature page hereto (the “Effective Date”) by and between [COMPANY] (“COMPANY”) and the sponsor set forth on the signature page hereto…
Central Credit Reference Information System (CCRIS)
Central Credit Reference Information System (CCRIS) is the computerised database maintained at the Credit Bureau, Bank Negara Malaysia since 1982 under the Bank of Malaysia Act 1958. Financial institutions in Malaysia will send a monthly report of all their borrowers…
New Housing Rules in Penang?
According to Chief Minister of Penang, Lim Guan Eng, the new housing rules will help curbing property speculation. The new housing rules will be implemented from February 1, 2014. With state approval, first-time house buyers can sell their property in…