[ESG] Malaysia’s National Sustainability Reporting Framework: Benchmarking Against Global Standards
The Securities Commission of Malaysia has unveiled its National Sustainability Reporting Framework (“NSRF”), marking a significant leap toward corporate accountability and environmental stewardship. By setting a new benchmark for sustainability reporting, the NSRF empowers companies to transparently disclose climate-related risks and opportunities, aligning with global best practices.
If you have any queries, please contact ESG & Sustainability Practice Partner, Joyce Ong Kar Yee (oky@lh-ag.com).
[TMT] TECH Alert: The Duties and Responsibilities under the Cyber Security Act 2024
Following our previous article on recent developments in Malaysia’s cybersecurity framework, this second part of our four-part Cybersecurity Series outlines the essential duties and responsibilities mandated under the Cyber Security Act and its accompanying regulations. This article provides a clear overview of the obligations critical for compliance by regulated entities.
If you have any queries, please contact Associates Harvey Ng Yih Xiang (nyx@lh-ag.com) and Khew Gerjean (kgj@lh-ag.com), or their team Partner, G. Vijay Kumar (vkg@lh-ag.com).
[EMPLOYMENT] Special Alert: Budget 2025: Advancing Wage Growth, Equity & Inclusivity
Budget 2025, with a substantial allocation of RM421 billion, reflects the government’s commitment to balancing growth with fiscal responsibility.
This alert summarises the government’s initiatives for the modern Malaysian employment landscape as outlined in the recently tabled Budget 2025.
If you have any queries, please contact Associate, Ashreyna Kaur Bhatia (akb@lh-ag.com), or her team Partner, Amardeep Singh Toor (ash@lh-ag.com).
[EMPLOYMENT] Special Alert: Health-Related Discrimination in the Workplace
Creating an inclusive workplace involves supporting employees’ health needs. While Malaysia’s Employment Act 1955 has introduced reporting avenues for discrimination, further legal protections and proactive employer policies are necessary to support employees with health challenges. In this article, we discuss the current legal protections against health-related discrimination and how employers can navigate these issues.
If you have any queries, please contact Associate, Summer Chong Yue Han (yhc@lh-ag.com), or her team Partner, Shariffullah Majeed (sha@lh-ag.com).
[TAX, CUSTOMS & TRADE] Special Alert: Budget 2025 Sectoral Infographic
Budget 2025 introduces a range of reforms and incentives targeting both individuals and businesses across various sectors. For individuals, a 2% tax on annual dividend income exceeding RM100,000 will be implemented from the year of assessment (“YA”) 2025, while the exemption for foreign-sourced income received by residents will be extended until YA 2036. For businesses, industries such as integrated circuit design, logistics, and ESG-focused sectors will benefit from several new tax incentives. Additionally, from May 2025, the scope of sales tax will be expanded to include non-essential imported goods, and service tax will be extended to include business-to-business services. Click READ MORE to stay informed with our infographic, which provides a sector-by-sector breakdown of the key updates, highlighting changes for individuals, corporate incentives, and industry-specific developments.
If you have any queries, please contact Associates, Jay Fong Jia Sheng (fjs@lh-ag.com) and Soon Jia Ying (jys@lh-ag.com) or their team Partners, Jason Tan Jia Xin (tjx@lh-ag.com), Ivy Ling Yieng Ping (il@lh-ag.com), and Chris Toh Pei Roo (tpr@lh-ag.com).
[ESG] Have Your Say on the Climate Change Bill
Following the launch of the National Climate Change Policy 2.0 on 30 September 2024, the Ministry of Natural Resources and Environmental Sustainability of Malaysia issued a Consultation Paper on 4 October 2024, inviting public feedback on the proposed Climate Change Bill (“RUUPIN”) with a one-month window for submissions. When passed, the proposed RUUPIN will become Malaysia’s first climate change-related legislation. This serves as an opportunity for corporations and businesses, who will be affected by the legislation, to have a say on the proposed RUUPIN.
If you have any queries, please contact ESG & Sustainability Practice Partners, Joyce Ong Kar Yee (oky@lh-ag.com) and Tan Hooi Ping (hpt@lh-ag.com),
[TMT] Safeguarding Secrets: Strategies for Maintaining Confidentiality in Corporate Disputes
Can Your Company Safeguard its Secrets In Corporate Disputes?
In this update, we share insights on how companies can maintain the confidentiality of their sensitive propriety information during corporate disputes.
If you have any queries, please contact Associates Poh Jonn Sen (pjs@lh-ag.com) and Bryson Chee (ckt@lh-ag.com), or their team Partner, G. Vijay Kumar (vkg@lh-ag.com).
[TMT] TECH Alert: Compliance with the New Cybersecurity Act 2024
Is Your Business Ready for the Cybersecurity Act 2024? Here’s What You Need to Know.
In this update, we share our thoughts on the newly minted Cyber Security Act 2024 in the first of a four-part series. Discover the various changes brought by the Act and what it means for your organisation.
If you have any queries, please contact Associates Harvey Ng Yih Xiang (nyx@lh-ag.com) and Khew Gerjean (kgj@lh-ag.com), or their team Partner, G. Vijay Kumar (vkg@lh-ag.com).
[ESG] Green Aspirations: Malaysia’s Climate Policy 2.0 Takes Flight
The Ministry of Natural Resources and Environmental Sustainability has responded to the pressing issue of climate change with the launch of the National Climate Change Policy 2.0. The updated policy reaffirms the country’s commitment to climate change by introducing a new framework for its transition towards a low-carbon economy.
If you have any queries, please contact the author, Joyce Ong Kar Yee (oky@lh-ag.com).
[ENERGY, PROJECTS & INFRASTRUCTURE] Special Alert: Third Party Access to the Electricity Grid: The Release Of Cress Guidelines
For the first time, consumers will hold the power to choose their energy supplier under the CRESS programme. In conjunction with its launch, official guidelines for the implementation of CRESS have been released, showcasing the government’s commitment to the prompt execution of the National Energy Transition Roadmap.
If you have any queries, please contact Partner, Joyce Ong Kar Yee (oky@lh-ag.com).