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