Indonesia’s Anti-Corruption Law 1. Criminal Code Offences Law No. 31 of 1999 on the Eradication of the Criminal Act of Corruption ("Law No. 31/1999") as amended by Law No. 20/2001‚ expands upon and adds to these criminal offences and‚ not surprisingly‚ increases significantly the penalties for breach of the Criminal Code provisions (which‚ to a large extent are now fully incorporated into Law No. 31/1999). 2. Management Responsibility for Corporate Actions Law No. 31/1999 has important implications
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as to whether current Shariah-compliant disclosure practices by the takaful operators are able to meet the demands of relevant parties to help them make religious and economic decisions. It also examines whether the advisory role entrusted by Bank Negara Malaysia (BNM) to SC members is adequate to enable them to provide Shariah compliance disclosure that is useful and relevant. ISSUES 1) The
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DEFINITIONS FOR SMALL AND MEDIUM ENTERPRISES IN MALAYSIA (Approved for Adoption by National SME Development Council on 9 June 2005) Issued by: Secretariat to National SME Development Council Bank Negara Malaysia 13 September 2005 CONTENTS Page 1. Rationale for Standard Definitions for Small and Medium Enterprises 2 2. Coverage of Definitions for SMEs in Malaysia 2 3. Approved SME Definitions 3 4. Application of Approved SME Definitions 5. Usage of Common Identifier 6
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com/articles/understanding_foreign_direct_investment.htm 2 3. BBC news 2013."Malaysian cut subsidies on fuel" Retrieved on October 26‚ 2013 from http://www.bbc.co.uk/news/business-23926411 4 5. Sinar Harian 2013. " 11 tahun negara dalam hutang” Retrieved on October 26‚ 2013 from http://www.sinarharian.com.my/11-tahun-negara-dalam-hutang-1.198768 6 7. The Star 2013. “Malaysia Ringgit Hits 3-Week High After Fuel Subsidies Cut” Retrieved on October 26‚ 2013 from “http://www.thestar.com.my/Business/Business-News/2013/09/03/
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G. DEVELOPMENT OF ECOTOURISM IN MALAYSIA -Mohd Director‚ Nawayai Zoo Park Yasak Melaka Malaysia Department of Wildlife and National 1. Historical Background Until the 1970s‚ tourism was not regarded as an important economic activity in Malaysia. The Tourism Development Corporation of Malaysia (TDC) was set up in 1972‚ with the responsibility to act as a development authority‚ but the sector was given a low priority. Dut partly to limited financial allocations‚ TDC faced constraints in the
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------------------------------------------------- REPURCHASE AGREEMENT (“REPO”) / RESERVE REPO 1. Definition A REPO is a money market transaction wherein securities are sold at a particular price by one party (REPO Seller) to the other (REPO Buyer) with a commitment on the REPO Seller’s part to repurchase the equivalent securities from the REPO Buyer on a certain date and at a certain price‚ both such date and price being fixed as part of the transaction. | A Reserve REPO is a money market
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THE FORMATION OF MALAYSIA & SYSTEM AND STRUCTURE OF ADMINISTRATION 29TH January 2015 THE MERGING PLAN The idea to unite Malaysia with neighbouring countries was raised several times. Merger of Singapore suggested in 1955 by David Marshall – rejected by Tunku Abdul Rahman. Lee Kuan Yew proposed the idea again in 1959 – unfavorable response THE MERGING PLAN 27th May 1961: Tunku Abdul Rahman suggested the merger of Malaya with: - Singapore - North Borneo: Sabah - Sarawak - Brunei “Free
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restructuring in supporting and preparing the sector towards fulfilling the World Trade Organization bank service agreement. For that‚ the Malaysian government has introduced Financial Sector Masterplan with guidelines and milestones to be followed (Bank Negara Malaysia‚ 2005). The sector is experiencing deregulation and liberalization‚ which also indicate more competitions‚ not only among the major local players but most importantly from global players. With that‚ it is crucial for these organizations to
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intern at the International Monetary Fund. The authors would like to thank Sergei Dodzin for guiding this research; Ravi Balakrishnan‚ Rodrigo Cubero‚ Subir Lall‚ Ceyda Oner‚ and participants of seminars at IMF’s Asia and Pacific Department and Bank Negara Malaysia for helpful comments; and Dulani Seneviratne for invaluable research assistance. 2 Contents Page I. Introduction
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Legal framework of corporate governance (Laws and regulations affecting corporations) Companies Act 1965 All types of incorporated companies‚ whether private or public‚ foreign or otherwise‚ unless formed in pursuance of some other written laws are governed under CA 1965. The Act governs matters regarding powers of the Registrar of Companies‚ filing of documents with the Registrar of Companies‚ incorporation of companies‚ constitution of companies‚ powers of companies‚ shares and membership
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