Bold, independent coverage of Malaysian politics, business and current affairs.
YNH Construction has secured approval from the Inland Revenue Board for a restructured tax settlement. The firm will clear RM5.16 million in outstanding liabilities by September 10, with a conditional waiver of RM1.71 million in additional penalties.
Kuala Lumpur-listed Favelle Favco Bhd and its American subsidiary Favelle Favco Cranes (USA) Inc face a US$52.5 million damages lawsuit over a crane incident in New York during July 2023.
Malaysia's Senate has passed the Competition (Amendment) Bill 2026, granting the Malaysia Competition Commission enhanced powers to combat cartels and monopolies amid rising living costs. The law targets sophisticated anti-competitive tactics in the digital economy.
The Langkawi Development Authority is collaborating with Malaysia's Finance Ministry to resolve double taxation issues that undermine local SMEs' competitiveness when expanding beyond the island's duty-free zone.
Kuala Lumpur-based businesswoman Sofia Rini Buyong is scheduled to appear before magistrates tomorrow to answer criminal defamation charges stemming from an alleged statement.
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A Malaysian background screening study reveals 15% of job candidates present false employment records, with AI-enabled fraud becoming increasingly sophisticated. Employers must strengthen verification processes to prevent costly hiring mistakes.
Malaysia's small business association is calling for financing agencies to release periodic reports on loan recipients and establish whistleblower protections to combat cronyism in MSME funding.