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This study examined the economic and social impact of Malaysian universities on their communities from stakeholders' perspectives. It analysed whether university stakeholders' spending, human capital (HC) and knowledge exploration (KE) will impact aggregate income (AI), quality of life (QOL) and business growth (BG) in surrounding communities.

A survey was conducted among 540 university stakeholders from the southern, northern and eastern regions of Malaysia, representing the alumni, community and industry. Data were subjected to factor analysis using structural equation modelling (SEM).

Results showed that universities impacted communities' economic development and wellbeing, thereby fulfilling their community-related role.

This study addressed universities' role in communities' economic growth and social development. Universities' contributions towards communities can be improved through the proposed model, which suggests ways to maximise their impact. A more detailed study of a particular university is needed to identify other factors that can strengthen universities' impact, even at national and global levels.

The purpose of this paper is to examine the possible application of the principle of paper advertisement in the context of communication via the web.

The paper analyses case law decisions pertaining to advertisements.

Web and paper advertisement are both communications anticipating contracts made to the public, nevertheless the issue of web advertisement deserves discussion because of the distinct features of web communication. Interactive feature of many web advertisements, the irrelevance of the limited stock argument in web advertisement trading digital service, the utilisation of stock control and customer selection method which protects the vendor against the risks of limited stock and the risk of making contract with everyone, and finally the global feature of web communication are some of the characteristics of web communication justifying a revisit to this topic, as these features may add a layer of complexity to the issue. Commentators have taken different stances as to the position of web advertisement, with some viewing any type of web advertisement as an offer, whilst others confine the binding status only to interactive web advertisement and to advertisements providing digital services. The paper seeks to ascertain the position of web advertisement under UK law, including the Electronic Commerce (EC Directive) Regulations 2002.

The finding of the research is relevant for policy and law makers when considering whether to enact or amend electronic commerce‐related legislation.

The paper reveals how the status of advertisement applies in business situations in the context of virtual environment.

The analysis shows that the non‐binding status should, without indications of a contrary intention, apply to a web advertisement despite its features being distinct from those of a paper advertisement.

This paper aims to gauge the issue of insider trading in Malaysia by assessing some selected statutory provisions under the relevant law and examining the issues of enforcement and prosecution.

The paper analyses relevant legislation pertaining to insider trading.

This paper argues that in order to be an effective regulation, the laws enacted must address the concerns and problems insider trading has given rise to. Contrary to popular impression that insider trading is a settled issue due to the lack of investigation and prosecution cases, the paper unearths a number of findings; first it maintains its contention that the provisions under the Companies Act 1965 are not entirely satisfactory and the latter regulations generally provide more creditable rules with regard to the issue. Further the definition of an insider, the requirement pertaining to the manner the information must be obtained and the enforcement of the law are amongst a number of issues that Malaysia has to address if a more competitive capital market is to be created.

Further research could usefully examine the law in the light of investigation cases by the security commission.

The paper reveals how insider trading legislation applies in business situations.

The insider trading legislation is found out to be far from satisfactory, and this paper attempts to fill in the gaps where there is scarcity of literature on this issue.

The Asian crisis, which exploded in Thailand in July 1997 initially, spilled to the other ASEAN countries (Indonesia, Malaysia, and Philippines) and later it spreads to Korea and even crossing the continent to Russia and Brazil. The chronological pattern seems to indicate the contagious behaviour of the crisis. However, the sequential economic down‐turns that occurred in the Asia Pacific do look like a contagion effect. The idea that currency speculators contributed to the depth of the crisis is agreeable but to conclude that they are the roots of the problem would be misleading. This paper argued that the roots of the problems lie in current account deficit and loss of competitiveness, and moral hazard and over‐investment This paper also argued that the currency crisis is a symptom and not the cause of the Asian crisis.