MACC recently initiated an elaborate probe into the local customs agents, related holding companies and the Customs Departement in Port Klang. MACC have since closed in on more than 100 companies and arrested more than 60 customs officers to assist in investigations. Apart from the …
KUALA LUMPUR: A senior Customs officer being investigated by the MACC for graft involving unpaid taxes is believed to have fallen to his death from the 3rd floor of the MACC Building in Jalan Cochrane on Wednesday morning. The MACC has identified the officer as …
PUTRAJAYA: Gold bars and bags of cash containing up to RM600,000 have been discovered in the homes of several Customs officers during raids by the Malaysian Anti-Corruption Commission (MACC). Other ill-gotten stash included luxury watches and posh cars. The MACC seized millions of ringgit from …
PUTRAJAYA: The Malaysian Anti-Corruption Commission has seized millions of ringgit from at least five of the 62 customs officers arrested to date. MACC director of investigations Datuk Mustafar Ali said one officer, a director, had several millions in his account while another had almost RM1mil …
PUTRAJAYA: Billions of ringgit have been siphoned by way of tax evasion, money laundering and illegal outflow of funds here by a syndicate with tentacles in many organisations. The syndicate was finally crippled by a high-powered task force, the biggest ever assembled in the country’s …
GEORGE TOWN: As Japan rebuilds after the earthquake and tsunami, it will need to import more plywood which, in turn, will have a positve impact on Malaysian Furniture Entrepreneur Association’s (MFEA) export revenue. MFEA adviser Cha Hoo Peng told StarBiz that plywood was a preferred …
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Crude oil breaks US$100 per barrel in Asia trade on 2nd march, as concerns on supply disruption intensifies. A day after, crude oil spiked USD2.60 to USD102.23 a barrel. Source: STARBIZ
Reuters reported that rates for mid sized dry bulk carriers on key Asian freight routes are expected to rise next week with tight supplies in the Supramax market due to strong intra Asia demand. Shipbrokers said that for the capsize market, freight rates were seen …