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Bankruptcy Act

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Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship

The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
Senate approves bill on Temporary Measures To Reduce COVID-19 Impact

Senate approves bill on Temporary Measures To Reduce COVID-19 Impact

Act 360 was amended based on certain requirements including transforming existing legal framework into legislation that is more relevant to current needs.
Wed Sep 23 2020
Dewan Negara approves amendments to Bankruptcy Act

Dewan Negara approves amendments to Bankruptcy Act

the Bankruptcy (Amendment) Bill 2016 which was approved in the Dewan Rakyat on March 29, which among others, provide bankruptcy protection to social guarantors, was passed in Dewan Negara yesterday.
Thu Apr 27 2017
SME Corp proposes 'automatic discharge' order under Bankruptcy Act

SME Corp proposes 'automatic discharge' order under Bankruptcy Act

The 'automatic discharge' order, which will allow a bankrupt company to have a second chance at conducting business, is being proposed under an amendment to the Bankruptcy Act 1967 (Act 360).
Mon Mar 06 2017
2017 Budget: Government to amend Bankruptcy Act next year

2017 Budget: Government to amend Bankruptcy Act next year

Datuk Seri Najib did not list out specific details only that the amendments would be announced soon.
Fri Oct 21 2016
Guarantors should not be burdened with settling loans taken by others - Azalina

Guarantors should not be burdened with settling loans taken by others - Azalina

Minister in the Prime Minister's Department, Datuk Seri Azalina Othman Said said the Insolvency Department (MDI) was looking at matters related to the guarantor and the borrower.
Thu Aug 11 2016
New Bankruptcy Act law to be tabled in Parliament next year

New Bankruptcy Act law to be tabled in Parliament next year

Nancy Shukri said, the proposed new law will give a second chance to individuals who have been declared bankrupt.
Thu Sep 17 2015
King Charles' coronation cost GBP 71mil, govt accounts show

King Charles' coronation cost GBP 71mil, govt accounts show

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Fri Nov 22 2024
Couple and associate charged with trafficking 51.9 kg of meth

Couple and associate charged with trafficking 51.9 kg of meth

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
Fri Nov 22 2024
PDRM to consult AGC in completing Teoh Beng Hock investigation

PDRM to consult AGC in completing Teoh Beng Hock investigation

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Fri Nov 22 2024
Thai court rejects petition over ex-PM Thaksin's political influence

Thai court rejects petition over ex-PM Thaksin's political influence

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Fri Nov 22 2024
Abidin takes oath of office as Sungai Bakap assemblyman

Abidin takes oath of office as Sungai Bakap assemblyman

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
Fri Nov 22 2024
UPNM cadet officer charged with injuring junior, stomping on him with spike boots

UPNM cadet officer charged with injuring junior, stomping on him with spike boots

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
Fri Nov 22 2024
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Fri Nov 22 2024
Elon Musk blasts Australia's planned ban on social media for children

Elon Musk blasts Australia's planned ban on social media for children

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Fri Nov 22 2024
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Fri Nov 22 2024
Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024