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    CASE(S) OF THE WEEK

  • THE SPEAKER OF DEWAN UNDANGAN NEGERI OF SARAWAK
    "DATUK AMAR MOHAMAD ASFIA AWANG NASSAR" v. TING TIONG CHOON & ORS AND OTHER APPEALS
    [2019] 2 CLJ 289
    COURT OF APPEAL, KUCHING
    ABANG ISKANDAR JCA, MARY LIM JCA, HARMINDAR SINGH DHALIWAL JCA
    [CIVIL APPEALS NO: Q-01(A)-212-07-2017, Q-01(A)-250-07-2017 & Q-02(A)-1382-07-2017]
    27 JULY 2018

    CONSTITUTIONAL LAW: Legislature – State Assembly – Ministerial motion to disqualify assemblyman – Assemblyman acquired Australian citizenship and renounced it prior to election – Whether lost constitutional rights and eligibility to be member of Legislative Assembly of State of Sarawak ('Dewan') under art. 17(1)(g) of State Constitution of Sarawak – Whether Dewan clothed with jurisdiction in admitting motion for consideration and deliberation –Whether Dewan exceeded powers and had no authority to disqualify assemblyman – Federal Constitution, arts. 50(1), (2), 72 & 118 – State Constitution of Sarawak, arts. 16, 17, 18 & 19

    CONSTITUTIONAL LAW: State Assemblyman – State Legislative Assembly meetings – Ministerial motion to disqualify assemblyman – Assemblyman acquired Australian citizenship and renounced it prior to election – Whether lost constitutional rights and eligibility to be member of Legislative Assembly of State of Sarawak ('Dewan') under art. 17(1)(g) of State Constitution of Sarawak – Whether Dewan clothed with jurisdiction in admitting motion for consideration and deliberation – Whether jurisdiction of Dewan limited to determine disqualification incurred during tenure as elected member of Dewan and not disqualification prior to being elected as member of Dewan – Whether proceeding pertaining to motion conducted without constitutional basis – Federal Constitution, arts. 50(1), (2), 72 & 118 – State Constitution of Sarawak, arts. 16, 17, 18 & 19

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  • ARTICLE HIGHLIGHT

    30,000 workers to be laid off this year, says MEF

    Employment
    30,000 workers could be laid off this year
    MALAYSIAN Employers Federation (MEF) estimates that 30,000 workers will be laid off this year, citing the increasing cost of business as the main reason for the big jump in retrenchment. Last year, about 21,000 people lost their jobs. Given the bleak outlook for the job market, MEF urged the government to help employers retain their workers so that both employers and employees can benefit soonest when the economy recovers. MEF executive director Datuk Shamsuddin Bardan (pix) pointed out that the economy both within and without Malaysia was on the downward trend, posing a big challenge to employers in maintaining their current level of profitability.

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  • This is not 'fake' news

    New York attorney general sends clear message in settling with sellers of 'fake' online followers and 'likes' in first US settlement of its kind.
    New York’s attorney general Letitia James has stated she has resolved a probe into a group of Colorado companies which sold fake followers, ‘likes’ and views on social media platforms. It is the first US settlement to judge such sales as illegal deception. Devumi LLC and other companies owned by German Calas generated some $15 million of revenue between 2015 and 2017 through selling around 250,000 fake endorsements and engagement for platforms including LinkedIn, Pinterest, SoundCloud, Twitter, Vimeo and YouTube.

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  • Islamic banking software a rapidly growing market

    Islamic finance
    Market for Islamic banking software will grow further beyond 2021
    The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups – is a rapidly growing segment seen increasing by around 13% annually from now until 2021 to around $700mn, according to latest industry reports. This is pretty much in line with expected growth in the Islamic finance industry. Islamic banking software refers to banking software that functions according to Shariah norms for managing and monitoring banking operations and therefore has to have distinctive features that conventional banking software does not provide.

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  • Top sukuk arrangers see sales rising on lower oil prices

    Islamic finance
    CIMB, Maybank expect Sukuk issuance to pick up
    The world’s biggest Islamic bond arrangers are expecting sukuk issuance to pick up in 2019 as governments in oil-producing economies seek to fill budget shortfalls after the price of crude declined in the past year, despite recent gains. CIMB Group Holdings Bhd and Malayan Banking Bhd, who ranked first and third as managers in 2018, expect global issuance of notes that comply with the religion’s ban on interest to increase this year, without giving specific numbers.

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  • MNRB to raise RM320m via sukuk

    Islamic finance
    MNRB setting up Sukuk Murabahah
    MNRB Holdings Bhd is establishing a Sukuk Murabahah Programme of up to RM320 million to refinance its existing and future financing/borrowings including the redemption of any maturing Sukuk Murabahah issued under the programme. The proceeds from the programme will also be used for investment into MNRB’s subsidiaries and permitted investments, as well as to pay fees and expenses in relation to the programme.

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LATEST MALAYSIAN ACTS

LATEST MALAYSIAN BILLS

LEGISLATION ALERT

  • Latest Updated (18 February 2019)
  • ACT 678
    Biosafety Act 2007
  • Latest Revoked (11 February 2019)
  • PU(A) 32/2019
    Price Control and Anti-Profiteering (Determination of Maximum Retail Price For Petrol and Diesel) Order 2019




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