Business, markets and economy news from Malaysia.
Indonesian customs authorities have enhanced baggage screening procedures at Soekarno-Hatta International Airport following the arrest of a Malaysian pilot accused of attempting to smuggle 25 kilograms of ecstasy valued at approximately RM13.51 million into the country.
Vietnam has charged four people including three jewellery shop directors in an expanding investigation into a diamond smuggling operation allegedly run from Hong Kong by Indian nationals and involving multiple airports.
The Malaysian Anti-Corruption Commission and Royal Malaysian Customs Department are establishing a joint task force to strengthen enforcement and tax collection at key ports, addressing rising smuggling and false declaration schemes.
Malaysian Customs has dismantled two major smuggling syndicates, seizing RM2.57 million in uncustomed goods including counterfeit whisky and duty-unpaid chewing tobacco across operations in May.
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Malaysian Customs has dismantled a sophisticated smuggling operation at KLIA Free Trade Zone, seizing 72 advanced AI servers valued at RM52.9 million. The case marks a significant enforcement action under the Strategic Trade Act.
A Klang court has handed down a RM101,750 fine to an e-hailing driver convicted of smuggling over 5,500 bottles of zam-zam water through West Port five years ago, highlighting authorities' continued enforcement of import restrictions.