Statutory Bodies In Malaysia
603 6203 7037 email.
Statutory bodies in malaysia. Central bank of malaysia bnm. Bnm is a statutory body which started operations on 26 january 1959. Statutory body assisting companies that intend to invest in the manufacturing and service sectors. Statutory bodies are established with the objective of implementing certain duties and responsibilities in line with government objectives.
This is aimed at providing a conducive environment for the sustainable growth of the malaysian economy. Bnm is governed by the central bank of malaysia act 2009. They act as public regulatory bodies carrying out regulatory and enforcement functions of the government. Examples of statutory bodies are bank negara malaysia malaysian industrial development authority.
603 6207 7077 fax. Statutory bodies power to borrow 5 laws of malaysia act 598 statutory bodies power to borrow act 1999 an act to regulate the exercise of the power to borrow by all statutory bodies established by federal law and by all companies and corporations established by the statutory bodies and for matters connected therewith.