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Business 06 Dec 2010 | 12:00 AM

Direct selling sales in Malaysia to reach RM10bil

SHAH ALAM: The Government expects the direct selling industry to record RM10bil in sales by 2015, said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.

Business 09 Oct 2010 | 12:00 AM

Let the buyers beware

Penalising consumers of illegal goods is not a good idea if the suppliers escape punishment.

Business 01 Oct 2010 | 12:00 AM

SMEs urged to actively participate in NKEA sectors

KUALA LUMPUR: The Government has urged small and medium-scale enterprises (SMEs) to actively participate in the various 12 National Key Economic Area (NKEA) sectors that have been identified to drive the economic growth.

Business 01 Oct 2010 | 12:00 AM

Law to benefit consumers, businesses

PUTRAJAYA: The recently-gazetted Competition Act will benefit both consumers and businesses as there will be provisions to free them from being subjected to manipulative and cartel-like business practices.

Business 28 Jul 2010 | 12:00 AM

Bank Negara seeks to nab five in get-rich-quick schemes

KUALA LUMPUR: Bank Negara is seeking to arrest five individuals who are suspected of operating get-rich-quick schemes.

Business 06 Jul 2010 | 12:00 AM

Competition Act to promote competitive environment

KUALA LUMPUR: The Competition Act 2010, which will come into force on Jan 1, 2012, will promote a competitive environment and give foreign investors more confidence in the country's business practices. The Act will govern all firms, including government-linked companies (GLCs).

Business 12 Jun 2010 | 12:00 AM

Promoting competition

THE Competition Bill 2010, which was passed last month and expected to be implemented by mid- or end of 2011, is aimed at creating a better business environment and to check against anti-competitive practices.

Business 12 May 2010 | 12:00 AM

Companies Commission forms special taskforce to fight crime

KUALA LUMPUR: The Companies Commission of Malaysia (SSM) has established a special taskforce that would collaborate with other government agencies to help fight against white collar crimes and build greater investor confidence, among locals and foreigners.

Business 20 Feb 2010 | 12:00 AM

Bank Rakyat turns in best profit in 55 years

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) posted its best profit in 55 years as an increase in income across all business segments and favourable cost of funds boosted its profit before tax and zakat to RM1.55bil for the financial year ended Dec 31 (FY09).

Business 19 Feb 2010 | 12:00 AM

Bank Rakyat hits RM1.55bil profit

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) posted a pre-tax profit and zakat (tithe) of RM1.55 billion for the year ended Dec 31, 2009, an increase of 25.6 per cent over the RM1.234 billion recorded in the previous year.