Business, markets and economy news from Malaysia.
A Malaysian High Court has rejected an application by three former directors to postpone a RM492,480 refund to umrah pilgrims, upholding a fraud ruling related to cancelled COVID-19 trips.
Dozens of World Cup fans experienced last-minute ticket cancellations on resale platform StubHub during the tournament, with buyers left without entry despite assurances of replacement tickets, raising questions about secondary ticketing practices.
Italy's antitrust regulator has initiated a formal investigation into Microsoft over how the company increased Microsoft 365 subscription prices while integrating AI tools without proper consumer notification.
%22%2F%3E%3C%2Fpattern%3E%3C%2Fdefs%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph4ru84g)%22%2F%3E%3Crect%20width%3D%22100%25%22%20height%3D%22100%25%22%20fill%3D%22url(%23ph4ru84p)%22%2F%3E%3Ctext%20x%3D%2250%25%22%20y%3D%2250%25%22%20text-anchor%3D%22middle%22%20dominant-baseline%3D%22central%22%20fill%3D%22rgba(255%2C255%2C255%2C0.95)%22%20font-family%3D%22Georgia%2C%20'Times%20New%20Roman'%2C%20serif%22%20font-weight%3D%22700%22%20font-size%3D%22136%22%20letter-spacing%3D%22-0.02em%22%3EParliamen%E2%80%A6%3C%2Ftext%3E%3C%2Fsvg%3E)
Malaysia's Parliamentary Accounts Committee has identified problematic hospital billing practices as a significant factor behind escalating private healthcare costs, raising alarm over affordability pressures on patients.
Malaysia is developing comprehensive legislation to enhance e-commerce platform accountability and safeguard local micro, small and medium enterprises from unfair competition and counterfeit goods sold by foreign cross-border sellers.
The Malaysia International Humanitarian Organisation has convened more than 100 defrauded investors to demand faster police action against 18 companies allegedly orchestrating coordinated investment fraud schemes across the country.
A Chinese man married a woman he met only via a five-minute video call, spending 265,000 yuan on the arrangement. Within nine days, he discovered undisclosed debts and health concerns, leading to legal disputes with both his wife and the matchmaking centre.
A Malaysian consumer advocacy group alleges more than 100 people have been defrauded of property valued at RM50 million through an organised syndicate comprising loan sharks, legal professionals and government workers.
Beijing authorities have arrested over 30 suspects in a massive health centre fraud targeting more than 100 elderly residents. The scam used soy sauce in fake intestinal cleansing treatments to convince victims they harboured dangerous toxins, extracting over US$1.5 million.
Japan's Fair Trade Commission has raided six leading ice cream manufacturers on suspicion of price-fixing, with officials accused of coordinating annual price hikes through emails and meetings since 2022.
Vietnam has enacted Decree No. 208, requiring airlines to compensate passengers for flight delays exceeding 15 minutes starting next month. The regulation establishes clear compensation levels and carrier obligations.