Kok Leong Chan

4 days ago | bloomberg.com | Kok Leong Chan

(Bloomberg) -- Malaysia is dangling new tax incentives to investors to boost its venture capital industry, according to Second Finance Minister Amir Hamzah Azizan. The government is offering a concessionary tax rate of 5% for up to 10 years for eligible funds investing at least 20% of their money in local startups, Amir said on Tuesday. It is also offering a 10% tax rate for venture capital and private-equity management companies.

4 days ago | news.bloomberglaw.com | Kok Leong Chan

Malaysia is dangling new tax incentives to investors to boost its venture capital industry, according to Second Finance Minister Amir Hamzah Azizan. The government is offering a concessionary tax rate of 5% for up to 10 years for eligible funds investing at least 20% of their money in local startups, Amir said on Tuesday. It is also offering a 10% tax rate for venture capital and private-equity management companies registered with the Securities Commission.

4 days ago | news.bloombergtax.com | Kok Leong Chan

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1 week ago | bloomberg.com | Kok Leong Chan |Anisah Shukry

Najib Razak in 2020. Photographer: Samsul Said/Bloomberg(Bloomberg) -- Former Malaysian Prime Minister Najib Razak succeeded in setting aside another one of his court cases involving troubled state fund 1MDB, in a rare victory for the jailed politician. The Kuala Lumpur High Court granted Najib a discharge, a reprieve that doesn’t amount to an acquittal, on three counts of money laundering breaches related to SRC International Sdn Bhd., a former unit of 1Malaysia Development Bhd.

1 week ago | bloomberg.com | Netty Ismail |Kok Leong Chan

The Bank Negara Malaysia headquarters in Kuala Lumpur. (Bloomberg) -- Bank Negara Malaysia will be on guard to rein in any volatility in the ringgit even as market uncertainty remains high, according to a central bank official. The central bank will ensure markets are properly functioning and the exchange rate “doesn’t run too far,” Deputy Governor Adnan Zaylani Mohamad Zahid said at an event in Kuala Lumpur on Tuesday.