Malaysia


Customs seizes 42 imported luxury vehicles for unpaid import duties

Customs seizes 42 imported luxury vehicles for unpaid import duties

News, Sarawak Crime Jan 3 2020 / The Borneo Post KUCHING: The Royal Malaysian Customs Department (JKDM) has seized 42 luxury vehicles from a local company here on Jan 2 for unpaid import duties amounting to RM10.207 million. JKDM Sarawak director Dato’ Sharifah Halimah Tuanku Taha in a statement today revealed that the 42 vehicles of different makes were worth RM6.485 million. “One individual was detained to assist in...

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Customs seizes gambling machine declared as ‘furniture’ inside shipping container at Senari Port

Customs seizes gambling machine declared as ‘furniture’ inside shipping container at Senari Port

By Jeremy Veno Dec 18 2019 / Borneo Post Online KUCHING: The Royal Malaysian Customs Department (JKDM) has seized a gambling machine worth RM20,000 with an estimated tax of RM8,000 that was declared as ‘furniture’ inside a shipping container at Senari Port on December 12. According to JKDM Sarawak director Datuk Sharifah Halimah Tuanku Taha, the gambling machine was dismantled and kept in four wooden cases. The cases were...

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Import permit exemption for 54 categories of transshipment goods

Import permit exemption for 54 categories of transshipment goods

By Bernama Dec 17 2019 / Borneo Post Online JOHOR BAHRU: The government has agreed to exempt 54 categories of goods from the Approved Permit (AP) requirements for transshipment activities at all Malaysian ports, said Transport Minister Anthony Loke. He said the decision, made by the cabinet three months ago, covered items such as commodities and farm animals. However, controlled and dangerous items such as weapons and firecrackers would...

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Edaran unit bags IT maintainance contract worth RM56.71 mil from RMCD

By Bernama Dec 4 2019 / The Edge KUALA LUMPUR (Dec 3): Edaran IT Services Sdn Bhd (Edaran IT) has secured a contract worth RM56.71 million to undertake the maintenance work of hardware, server software and application of the Customs Information Systems from the Royal Malaysian Customs Department (RMCD). Edaran IT is a wholly-owned subsidiary of Edaran Bhd. In a filing with Bursa Malaysia Tuesday, Edaran said the 24-month...

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INSIGHT: Revamp of Malaysia’s Customs Act 1967—Impact on Multinational Corporations

INSIGHT: Revamp of Malaysia’s Customs Act 1967—Impact on Multinational Corporations

Significant changes have been made to Malaysia’s Customs Act 1967. Adeline Wong, Ivy Tan and Kelvin Hong, of Wong & Partners, discuss why businesses need to be fully compliant with the new changes. By Wong & Partners Dec 4 2019 / Bloomberg Tax The Malaysian government has recently introduced important amendments to the Customs Act 1967 (Customs Act) via the Customs (Amendment) Act 2019 (Amendment Act). The Amendment Act...

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Customs seizes lorry, alcoholic beverages worth RM75,000 in Miri

Customs seizes lorry, alcoholic beverages worth RM75,000 in Miri

By Jenifer Laeng Dec 2 2019 / Borneo Post MIRI: The Royal Malaysian Customs Department (JKDM) has seized a lorry and 3,140 litres of alcoholic beverages worth about RM75,000 including tax at Jalan Spring, in Lutong, here yesterday. JKDM Sarawak director Datuk Sharifah Halimah Tuanku Taha said acting on a public tip-off, a team of personnel from the department’s enforcement section detained the lorry which was parked by the...

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Trade, tech issues seen to shape Asean’s future

By Bernadette D. Nicolas Nov 7 2019 / BusinessMirror FIFTY-TWO years ago, the founding members of the Association of Southeast Asian Nations (Asean) fought the embers of communism across Asia. Today, Asean is confronting another “FIRe,” the so-called Fourth Industrial Revolution. The FIRe is being seen as a tool that Asean needs to comprehend, brace for and harmonize if its member-states want a stronger regional economic integration via the...

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South Korea and Indonesia Agree Trade Deal

Oct 16 2019 / The Marine Times Executive South Korea and Indonesia have reached a preliminary trade deal equivalent to a free trade agreement but also including broader economic cooperation. The agreement is expected to help boost trade between the two nations by nearly 50 percent by 2022. The move is part of South Korea’s on-going efforts to expand exports in the region and comes after a five-year break...

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Plastic Waste Piles Up as Indonesia’s Import Crackdown Backfires

By Viriya Singgih Aug 2 2019 / Bloomberg Indonesia’s crackdown on waste imports is backfiring with its plastic recycling industry in disarray and hundreds of containers of used materials clogging its ports. Authorities ordered close scrutiny of trash imports after random inspections in May led to the discovery of more than 80 containers of illegal waste from the U.S., Australia and Europe. About 1,000 containers are now waiting for...

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AEC 2015 will have no immediate impact…. but is extremely important for ASEAN

Given the extensive and wildly enthusiastic press coverage which greeted AEC 2015, the economic cooperation agreement between the ten ASEAN nations which came into effect on Jan 1 2016, one could be forgiven for thinking that the skies across the region would by now be being criss-crossed by eager executives of the world’s largest companies, all ready to hammer out deals and get their seat at the ASEAN table....

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