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The Business Station
Can The Government End Ali Baba Culture In Business?
11 mins·08:30, 13 Jul 2023
Can The Government End Ali Baba Culture In Business?
11 mins
·
08:30, 13 Jul 2023
·
Recommended
16 mins
16 mins
Guest: Dr Carmelo Ferlito, CEO, Center for Market Education (CME)
The government is stepping up its fight against rent-seeking activities, or “Alibaba” culture, which is estimated to cost Malaysia losses amounting to 1% of GDP to corruption. We speak to economist Dr. Carmelo Ferlito, on the kinds of reforms needed to eliminate such activities in the country.
Image by: Shutterstock
Presenter: Shazana Mokhtar, Wong Shou Ning
Producer: Yeong Yeng Yee
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