PUTRAJAYA: A law is being mulled to put a stop to the “Ali Baba” culture or rent-seeking activities, which is estimated to cause losses of about 1% of the country’s Gross Domestic Product, says Datuk Seri Anwar Ibrahim.
The Prime Minister said the estimated losses from rent-seeking activities involved, among others, procurement, licensing, awarding of permits and quotas, subsidies and grants.
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