Business, markets and economy news from Malaysia.
Malaysia's Cabinet has agreed to review the e-invoice system and mandatory EPF contributions for non-citizen workers, with potential postponement in light of global economic pressures and complaints from traders and employers.
Malaysia's Domestic Trade Minister clarified that MADANI Mart functions as a private retail enterprise managed by licensed operators under Yayasan MADANI, not a government initiative, though it remains subject to ministry oversight.
Parliament has tabled two competition amendment bills that will significantly broaden the Malaysia Competition Commission's investigative authority and extend competition rules across all economic activities, marking a major regulatory shift.
The Kelantan Malay Malaysian Chamber of Commerce has flagged widespread complaints from members about foreigners using marriages with local women and business partnerships to operate enterprises while evading licensing and taxation requirements.
The Malaysian Anti-Corruption Commission has placed more than 1,600 companies under scrutiny as part of its expanding investigation into the Daya Kerjaya employment scheme fraud, signalling the widening scope of one of Malaysia's most significant corporate misconduct cases.