Since 1996, Securities regulation in Malaysia has evolved in a gradual and orderly fashion from a Merit-Based Regulation (MBR) to a Disclosure-Based Regulation (DBR) regime.
So what is this MBR and DBR?
Disclosure-Based Regulation (DBR):

is an acronym for “disclosure-based regulation”.
it is a philosophy of securities regulation that emphasises the importance of the quality and timeliness of material […]

Tabulate below are the meanings of the INCOTERMS:

1.
EXW   {+ the named place}
Ex Works

Ex means from. Works means factory, mill or warehouse, which is the seller’s premises. EXW applies to goods available only at the seller’s premises. Buyer is responsible for loading the goods on truck or container at the seller’s premises, and for […]

As accountants, we sometimes need to peruse/assist in sales agreement/prepare pro-forma sales quotation which entails some basic  knowledge of typical commercial terms and condition.
Any confusion over the meaning used can result in a lost sale or a loss on sale. This is especially true when we are involved with international business transactions which has certain […]

In a recent case on Corporate Restructuring, Ekran a PN 17 company seemed to get the wrong side of the law when it has submitted its regularization plan to the Bursa Malaysia Securities Bhd and was told that it  “fail” to submit the regularization plan to Securities Commission (SC) which might result in  Bursa Malaysia […]

One of the credit facilities that businessmen can obtain from Financial Institutions is the Bank Overdraft Facility.
This article looks at its characteristics as this is the commonest tool used in company’s debt financing:

Only granted by Commercial banks;
Very convenient ( cheques can be issued for amounts […]