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