Workplace Harassment Policy

1. Introduction

LBS Bina Group Berhad (“LBGB or Company”) is fully committed to provide a safe, healthy and harassment-free work environment for all employees and believes that every employee should be treated with dignity, decency and respect. As a step towards ensuring a secure and comfortable workplace for the employees, this Policy has been developed to reflect the Company’s zero-tolerance approach against all forms of unlawful discrimination or harassment in the workplace.

2. Objective

a) To prevent harassment of employees in the workplace and to provide an effective mechanism to eliminate such harassment; and

b) To educate all employees to recognise the importance that workplace harassment is a seriously demeaning practice that constitutes a profound affront to the dignity of persons.

3. Scope

This Policy applies to all employees (including employees on contract terms, temporary or short-term employees and employees on secondment) or third parties who have become aware of or genuinely suspect on a reasonable belief that an employee of the Company and/or its subsidiary (“LBGB Group” or “Group”) has engaged, is engaged, is preparing to engage or is encouraging others to engage in any Improper Conduct, as hereinafter defined.

4. Harassment

Harassment in this context is, any verbal, written or physical conduct that is known or ought reasonably to have been known to be unwelcome, inappropriate or otherwise offensive to a person having the purpose or effect of:

a) creating a hostile, intimidating or offensive workplace;

b) interfering with the performance of an employee’s functions, duties and responsibilities; or

c) affecting one’s employment opportunities or compensation.

For the purposes of this Policy, harassment in the workplace includes any employment-related harassment occurring outside the workplace as a result of one’s employment responsibilities or employment relationships. Situation under which such employment-related harassment may take place includes, but is not limited to:-

a) Work related social functions, conferences or training sessions, travel and work assignments outside the workplace.

b) Work related conversations made over the telephone or communications via electronic media.

The following examples of harassment are intended to be guidelines and are not exclusive when determining whether there has been a violation of this policy:

a) Verbal harassment which includes comments that are offensive or unwelcoming regarding the individual characteristics which include among others the national origin, race, religion, age, sex, pregnancy, appearance, disability, gender and marital status.

b) Nonverbal harassment which includes distribution, display or discussion of any written or graphic material that ridicules, denigrates, insults, belittles or shows hostility, aversion or disrespect toward an individual or group characteristics which include among others the national origin, race, religion, age, gender, pregnancy, appearance, disability and marital status.

c) Workplace Sexual harassment which is defined as any unwanted conduct of a sexual nature that happens in the course of one’s employment, having the effects of verbal, visual, psychological or physical harassment against a person of the same or opposite gender:

i. that might on reasonable grounds, be perceived by the recipient as placing a condition of a sexual nature on his/her employment; or

ii. that might on reasonable grounds, be perceived by the recipient as an offence or humiliation, or a threat to his/her wellbeing, but has no direct link to his/her employment.

5. Reporting of Violations of the Policy

Any employee who knows of, or reasonably suspects, a violation of this Policy, is encouraged to whistle blow or report such concerns through the Whistle Blowing Policy of LBGB.

For further details, the Whistle Blowing Policy of the Group is available on the Company’s corporate website, www.lbs.com.my

6. Complaint Handling

The Company reiterates that harassment of any nature that happens in the workplace is strictly prohibited and will not be tolerated or condoned. Upon receiving any reports/complaints regarding violation of this Policy, the Management will conduct a thorough investigation on all such reports/complaints fairly and objectively, and appropriate action(s) will be taken against the employee(s) concerned, based on all available evidence.

The Company treats harassment as misconduct and shall be subject to the Company’s Disciplinary Procedures. If the investigation reveals evidence that supports the complaint and is eventually upheld, the harasser will be dealt with in accordance with the Disciplinary Procedures.

Although the Company encourages any form of harassment to be reported, any false accusations, fabricated allegations or otherwise complaints made in bad faith are considered as misconduct and accordingly, disciplinary action may be taken against the complainant.

7. Review of Policy

The policy shall be reviewed by the Board of Directors and updated whenever necessary in order to ensure its effective implementation. Any subsequent amendments to this Policy shall be approved by the Board of Directors.

Human Rights Policy

1. Introduction

LBS Bina Group Berhad and its subsidiaries (“LBGB or Company”) endeavours to provide a conducive working environment that is characterized by mutual respect. The Company is committed in respecting and abiding internationally recognized human rights standards and fair labour practices according to local statutory laws within the company operations (“Human Rights Laws”).

We recognize the importance of fair labour practices and a good relationship of mutual respect between employer and employee as we believe this will lead to fostering high employee morale and improve employee engagement within the Company. Accordingly, we will not condone any practices, events, and activities that are in violation of the above-mentioned Human Rights Laws.

2. Objective

The objectives of this Human Rights Policy are to amongst others; 

a) To ensure all employment in the Company are in accordance with relevant employment laws including but not limited to the Employment Act 1955. 

b) To identify any risks relating to current labour practices in the Company and to determine an effectively method to prevent and eliminate these risks. 

c) To provide a fair, respectable and safe workplace for all employees in the Company. 

d) To foster a pleasant, cordial, and harmonious relationship between employer and employees for smooth operations, and to promote stability as well as prosperity.

3. Scope

This Policy applies to all employees (including employees on contract terms, temporary or short-term employees and employees on secondment) or third parties who have become aware of or are genuinely suspected on a reasonable belief to be an employee of the Company that has engaged, is engaged, is preparing to engage or is encouraging others to engage in any conduct as stated below.

4. Commitment

a) Non-discrimination
We have a zero-tolerance policy against discrimination in any form and our employees are provided with equal and merit-based career opportunities regardless of race, religion, and/or gender.

b) Fair Employment Conditions
We operate in full compliance to applicable wage, work hours, overtime and benefits laws. We provide recognition based on performance and contribution of the employee towards the Company’s success.

c) Health and Safety
We provide a safe and healthy workplace environment for employees. We comply with applicable health and safety laws, regulations and requirements. We are dedicated in maintaining a productive workplace and strive to take every measure to prevent job-related injuries and illnesses.

d) Workplace Security
We strive to provide a safe and mutually respectful workplace environment that is free from violence, harassment, humiliation and intimidation of any nature.

e) Child Labour
The Company does not recruit child labour and is committed in strict compliance with applicable child labour laws as legislated in the Children and Young Persons (Employment) Act 1966, if it ever decides to employ a child. The Company condemns all forms of child exploitation and slavery.

f) Forced Labour
The Company recognizes that forced labour, modern slavery, debt bondage, and human trafficking may stem from coercive tactics and undue influence from people in position of higher authority towards people in lower positions of authority which may include violence or threats of violence, or more subtle means such as accumulated debt, retention of identity papers or threats of denunciation to authorities. The Company supports the elimination of forced labour, modern slavery, debt bondage and human trafficking. The Company takes the stand that all mentioned in the foregoing constitutes a severe violation of human rights and restriction of human freedom.

g) Freedom of Association & Collective Bargaining
The Company respects freedom of association as part of our commitment to support fair and equitable treatment of our employees regardless of gender, race, caste, nationality, religion, age, physical condition, marital status, union membership/affiliation/activity, employment status or political affiliation. Any form of discrimination based on factors aforementioned is prohibited, and any union membership/activity will not lead to disciplinary measures or punitive actions.  

h) Equal Opportunities
The Company is committed to inculcating diversity and equal opportunity in our workplace which allows us to gain a competitive edge through embracing workforce diversity as well as providing fair treatment to all our employees to promote improved morale and loyalty towards the Company. The Company shall ensure that all employees receive equal and fair treatment based solely on merits and competency regardless of any form, whether based on age, gender, race, nationality, religion, disability and social status throughout the organization.

i) Excessive Working Hours
The Company’s working hours are regulated under the employment contract with the employee, Malaysia Employment Act 1955 and/or the Employment (Limitation of Overtime Work) Regulations 1980. The Company is committed that all employees are ensured proper rest days to recuperate for the operational efficiency of the Company’s operations.

j) Minimum Living Wage
The Company recognizes that a minimum wage has been set by the Malaysian authorities with the aim of protecting employees against unduly low pay. The Company is committed to comply with the local statutory laws on minimum wages and ensures that all wages are paid in a timely manner.

5. Reporting of Violations of the Policy

Any employee who knows of, or reasonably suspects, of a violation of this Policy, is encouraged to whistle blow or report such concerns through the Whistle Blowing Policy of LBGB. For further details, the Whistle Blowing Policy of the Group is available on the Company’s corporate website, www.lbs.com.my

6. Review of Policy 

The policy shall be reviewed by the Board of Directors and updated whenever necessary in order to ensure its effective implementation. Any subsequent amendments to this Policy shall be approved by the Board of Directors.

LBS Foresees Recovery In Property Sector In 2022

16 June 2022

Kisah Rezeki Saya Contest

Kisah Rezeki Saya (“Contest”)!

The Contest is organised by LBS Bina Group Berhad (hereinafter known as “the Organiser”). By participating in the Contest, you agree to be bound by the following terms and conditions (consisting of the General Terms and Conditions and the Specific Terms and Conditions) between you and the Organiser (“Contest Terms”). You agree that the Organiser may include additional terms to and/or vary the Contest Terms at our sole discretion at any point of time and any additional and/or variation of the terms shall be incorporated by reference immediately at the point of time in which it is implemented. You are advised to visit this page from time to time to be updated of the latest Contest Terms.

In the event of any inconsistency between any terms and conditions stipulated in any of our marketing brochures, leaflets, buntings, or otherwise any other platforms and the Contest Terms stipulated herein, the latest Contest Terms shall prevail.

TERMS & CONDITIONS KISAH REZEKI SAYA

Malaysia Book of Records | Exclusive Interview

In the recent conferment of LBS Bina’s 2nd Malaysia Book of Records certificate, Tan Sri Lim Hock San had the opportunity to share with Astro AWANI, Astro AEC, and Buletin Utama in an exclusive television interview on LBS Bina’s customer-centric inspiration to build multiple showhouses under one sales gallery. He believes this will allow homebuyers to experience a conducive, convenient, and comprehensive house hunting experience, be it rain or shine. This record will serve as the benchmark for future LBS Bina sales galleries.

Your Next Home : Residensi Bintang Bukit Jalil

Did you know Residensi Bintang is the highest-positioned condominium in Bukit Jalil? In this episode of VoxPop, let’s have Liew to bring you on a tour to the RBBJ sales gallery! Who knows, this might just be the home of your dream.

Budget 2022: 4 main property sector initiatives for Keluarga Malaysia

Local property developers are confident that the initiatives introduced in Budget 2022 will spur the country’s property industry and accelerate its recovery.
This article was translated from Bajet 2022: 4 inisiatif utama sektor hartanah untuk Keluarga Malaysia by Ashraf Wahab. On 28 October 2021, Finance Minister YB Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz tabled Budget 2022 in parliament , which carries the theme ‘Keluarga Malaysia, Makmur Sejahtera’ (A Prosperous Malaysian Family). With an allocation of RM332.1 billion, this is the largest budget in Malaysia’s history. In facing the global pandemic, most countries are forced to deal with two heavy challenges — saving lives and protecting the economy. However, the Government remains positive that next year, the country’s economy will expand between 5.5% and 6.5% based on strong fundamentals and a diversified economic base. Budget 2022 focused on three key areas, namely protect and drive recovery of lives and livelihoods for the people, rebuild the resilience of the economy, and catalyse socio-economic reforms. The COVID-19 pandemic and the Movement Control Order (MCO) enforcement have resulted in a sluggish number of transactions in the country’s property sector. According to Tengku Zafrul, the country’s real estate sector recorded 295,968 transactions worth RM119.08 billion in 2020, a contraction of 9.9% in number and 15.8% in value compared to 2019. Therefore, multiple initiatives have been introduced to revitalise the country’s property sector.
4 main property sector initiatives for Keluarga Malaysia
The following are the four main property sector initiatives for Keluarga Malaysia (Malaysian Family) which were unveiled during Budget 2022. We can make comparisons between the initiatives in Budget 2022 and the property initiatives for Budget 2021 which focused on first homeownership for Malaysians, especially those in the B40 and M40 categories.
1. Housing projects for the low-income group

The Government recognises that every member of Keluarga Malaysia has the right to own a home as a necessity of life. Towards that end, the Government will continue housing projects specifically for low-income groups, with an allocation of RM1.5 billion.

This particular move in Budget 2022 will indirectly help ease the burden of potential house buyers, especially those who belong in the B40 category.

During Budget 2021, the Government allocated RM500 million to build up to 14,000 homes under Program Perumahan Rakyat (PPR) and RM315 million to build 3,000 units of Rumah Mesra Rakyat (RMR).

2. The abolishment of Real Property Gain Tax (RPGT)
The Government will no longer impose Real Property Gains Tax (RPGT) from the disposal of real property by residents, permanent residents (PR), and other than companies starting from the sixth year onwards. For Real Estate and Housing Developers’ Association (REDHA) president Datuk Soam Heng Choon, he hoped that this measure will help invigorate our property market to make it more resilient and eventually translate into a positive multiplier effect on the economy. Additionally, he hoped that it would help spur the subsale market.
3. Housing Credit Guarantee Scheme (HCGC)

The Government has allocated RM2 billion under the Housing Credit Guarantee Scheme (HCGC). This was to help those without proof of fixed income. The Government is cognisant of the challenges facing gig workers, small business owners, and farmers in getting a housing loan.

In reality, many of these individuals have the capacity of repaying their loans but without documents proving of fixed income, the process of applying for a home loan is complicated. This initiative will not only benefit potential house buyers but also accelerate the growth of the local property market.

So far, BSN MyHome (Program Perumahan Rakyat) 2021 is one of the housing schemes in Malaysia intended to help people without any fixed income to own a house.

4. Optimal management of Malay Reserved Land
The Government will ensure that unused Government land and Malay Reserve Land (MLR) will be rented out for agricultural and business projects. This move will not only optimise the management of these lands but will also be a source of income for the Government. However, this move will need caution to avoid management leakage. It will increase areas of agriculture and also serve as opportunities for low-income groups, youths, and graduates to generate income.
Comparison of the property sector initiatives between Budget 2022 vs Budget 2021
There are a few initiatives in Budget 2022 and 2021 that are worth paying attention to:
  • Stamp duty exemption
Although the Government didn’t directly announce a stamp duty exemption in the latest budget, it was already stated during Budget 2021 that stamp duty exemption will be given for any Memorandum of Transfer (MoT) and purchase of a first home up to RM500,000. This exemption applies for purchase agreements from January 2021 until 31 December 2025.
  • Rent-To-Own (RTO) scheme
The RTO scheme will continue in 2022. It is made available for first-time home buyers. During the tabling of Budget 2021, the Government announced that it was collaborating with selected financial institutions to provide this scheme which involves 5,000 PR1MA homes worth over RM1 billion. This is a golden opportunity for those in the B40 income group to own their first home.
  • Program Perumahan Rakyat (PPR), Rumah Mesra Rakyat (RMR), dan PR1MA
The Government will continue the PPR programme and RMR scheme under Syarikat Perumahan Negara Berhad (SPNB) and PR1MA with a much higher allocation compared to last year’s budget.
  • Perumahan Penjawat Awam Malaysia (PPAM) programme
Through Budget 2022, a larger allocation is provided towards civil servants and this includes maintenance of quarters under the Property Management Division (BPH). A total of RM365 million is allocated in Budget 2022 compared to the RM125 million last year. The Government also expand personal accident protection up to RM100,000 for 40,000 new Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA) borrowers.
  • Home Ownership Campaign (HOC)
HOC 2021 is scheduled to end on 31 December 2021. So far, it seems that the Government will not continue this programme as there was no announcement during Budget 2022. Many developers have urged this campaign to continue to help the property market to recover. However, the abolishment of the RPGT was a welcomed move by property developers as it is expected to stimulate the property market.

LBS Sets Record For Most Indoor Showhouse Units Under One Roof

27 May 2022