Its strategic location beside the Strait of Malacca makes Malaysia an ideal distribution base of seaborne cargos for the Asia-Pacific region. A prime example of this is that Maersk, the world’s largest container shipping line, has a 30% equity stake in the Port of Tanjung Pelepas, Malaysia’s primary container terminal, after shifting all of...
Since the passing of the Islamic Banking Act (IBA) 1983 (repealed 2013), and the establishment of the first Islamic bank, Bank Islam Malaysia Berhad, in the same year, Malaysia has become a market leader in modern Islamic finance. Its success is the culmination of efforts by various stakeholders: government, regulators, industry players,...
International trade is a vital contributor to Malaysia’s economic growth and development. In an effort to enhance the nation’s international trade, the government of Malaysia has decided to enter into the TPPA. The TPPA was signed in Auckland, New Zealand on February 4, 2016 by 12 Pacific Rim countries, namely Australia, Brunei Darussalam,...
This chapter provides a guide to the Sultanate’s regulatory structure, focusing on key areas including property laws, IP rights and the sharia system. It also contains a viewpoint from Colin Ong, Managing Partner, Dr Colin Ong Legal Services; and President, Arbitration Association Brunei Darussalam (AABD).
Commanding the second-highest GDP per capita of all ASEAN nations, at $40,979 in 2014, Brunei Darussalam remains one of the most advanced economies in the South-east Asian region. This is in large part due to the Sultanate’s well-developed energy sector; however, with oil and gas prices falling substantially from mid-2014, new efforts are being made to increase the efficiency of production and diversify the economy to ensure future stability and sustainability.
This chapter gives an overview of Malaysia’s legal framework, focusing on key areas that include the Trans-Pacific Partnership, tariff agreements, reforms affecting the entry of foreign firms, and legislation to expand Islamic finance. This chapter contains viewpoints from Philip Teoh, Partner, Azmi & Associates; and Ahmad Lutfi Abdull Mutalip, Partner, Azmi & Associates.
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