Page 27 - Practice Note News Today

KUALA LUMPUR: Trading of LTKM Bhd’s shares on Bursa Malaysia will be suspended from 9am on April 7 to 5pm on April 8 pending a material announcement.

There is no legal definition for AI in Australia. Although some Commonwealth legislation explicitly refers to the use of technology or computer programs in order to permit the use of AI under that legislation, There are several examples of Commonwealth legislation expressly permitting administrative decisions to be made by computers, with these decisions deemed to have been made by the department official. Examples include the Social Security Administration) Act 1999 (Cth), s 6A, Migration Act 1...

KUALA LUMPUR: Trading of Axiata Group Bhd’s and Digi.com Bhd’s shares has been suspended, pending an expected material announcement.

Trading of the securities in Axiata Group Bhd and Digi.Com Bhd has been suspended pending the release of an expected material announcement. This comes after Axiata and Digi.Com both requested a suspension of trading of their securities with immediate effect from 9am on Friday (April 1), according to the respective bourse filings.

As part of the government's relief measures in response to the fifth wave of COVID-19 outbreak in Hong Kong, the Development Bureau announced on 14 March 2022 that extensions to the building covenant (BC) period for up to six months at nil premium will be granted. 

Practice Note 17 (PN17) company Sumatec Resources Bhd will be delisted from Bursa Malaysia’s Main Market on Thursday (March 24), the group said in a bourse filing on Monday (March 21).

Tan Sri Tony Fernandes, chief executive officer of Capital A Bhd (formerly known as AirAsia Group Bhd), has clarified that the group decided not to proceed with a club facility of up to RM500 million under the Danajamin Prihatin Guarantee Scheme as it deemed some of the conditions imposed unreasonable.

KUALA LUMPUR, March 10 — Capital A Bhd said it will not be proceeding with the RM500 million club facility secured recently as it is unable to accept certain conditions. Following this, it is exploring other available debt financing alternatives with acceptable terms suitable to the operations...

ICAEW has expressed concerns about proposed time-limited changes to local authority accounting requirements intended to address audit delays.

English courts will defer to arbitral tribunals on funding costs.