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Malaysian Regulatory/Statutory Bodies
Bank Negara Malaysia, as the Central Bank, is committed to excellence in promoting monetary and financial stability and fostering a sound and progressive financial sector, to achieve sustained economic growth for the benefit of the nation.
CCM serves as an agent to the Government in collecting
and enforcing payment of prescribed fees, regulate matters pertaining to the
incorporation of companies and business registration, promote ethical conducts
amongst directors, company secretaries, managers and personnel who are directly
involved in the management of a company or business and carry out research on
matters relating to corporations, companies and businesses.
The Inland Revenue Malaysia is one of the main revenue collecting agencies of the Ministry of Finance. The Department of Inland Revenue Malaysia became a statutory board on March 1, 1996, and is now formally known as "THE INLAND REVENUE BOARD OF MALAYSIA (the "Board")".
The Securities Commission (SC) was set up on the 1st. of March 1993, marking a significant milestone in the Government's commitment to have a central authority in the regulation and development of the securities and futures industries in Malaysia. - Resources
Bursa Malaysia is a self-regulatory organisation which governs the conduct of its members and member stockbroking companies in securities dealings; enforces the listing requirements which spell out the listing and disclosure standards to be maintained by public listed companies; and which is also responsible for the surveillance of the market place.
The main objective of Treasury Malaysia is to ensure sustained and
continuous economic growth, strengthen national competitiveness and economic
resilience, ensure effective and prudent financial management, pursue a more
equitable sharing of national wealth and improve quality of life and well being
of society.
The Malaysian Accounting Standards Board (MASB) is established under the Financial Reporting Act 1997 (the Act) as an independent authority to develop and issue accounting and financial reporting standards in Malaysia.
The Multimedia Super Corridor (MSC) is Malaysia’s most exciting initiative
for the global information and communication technology (ICT) industry.
Conceptualized in 1996, the MSC has since grown into a thriving dynamic ICT hub,
hosting more than 900 multinationals, foreign-owned and home-grown Malaysian
companies focused on multimedia and communications products, solutions, services
and; research and development.
Multimedia Development Corporation (MDec),
mandated to oversee the development of the Multimedia Supercorridor (MSC),
facilitates applications by multinational and local companies to re-locate
to the MSC. It globally markets the MSC, shapes MSC-specific laws, policies and
practices by advising Malaysian Government and standardizes MSC’s information
infrastructure and urban development.
The establishment of the NEAC on January 7, 1998 is a strategy aimed at preventing the nation from going into an economic recession or affecting the real economy as a result of the decline in the value of the ringgit and the fall in the share market.
MIDA is the Malaysian Government's principal agency for the promotion and co-ordination of industrial development in Malaysia. It is the first point of contact for investors who intend to set up manufacturing and related services projects in Malaysia.
MDTCA's two-pronged objectives are to encourage the development of ethical domestic trade and protect the rights and interest of consumers.
MITI's objectives are to promote and safeguard Malaysian interest in the international trade arena, to spur the development of industrial activities and to further enhance Malaysian economic growth towards realizing Vision 2020.
The Royal Customs and Excise Department, Malaysia is the government agency responsible for the administration of the indirect tax policies.
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