The Malaysian Investment Banking Association (“MIBA”) lauds the Ministry of Finance’s (“MoF”) decision to reinstate the stamp duty cap on contract notes for the trading of listed shares on the local stock exchange. The decision recognizes the need for a higher source of revenue for the Government while balancing and ensuring that the local stock
The Government had on 28 May 2021 announced that a full movement control order (FMCO) will be implemented nationwide from 1 June 2021 onwards due to escalating cases of Covid-19 infections in Malaysia. During this period, all economic sectors are not allowed to operate with the exception of essential economic and service sectors. In compliance
Following the recent spike in Covid-19 cases, the Prime Minister has on 11 January 2021 announced that the Movement Control Order (MCO) will be re-imposed from 13 January to 26 January 2021 in the Federal Territories of Kuala Lumpur, Putrajaya and Labuan, Selangor, Penang, Melaka, Johor and Sabah. In compliance with the MCO, MIBA’s office
