Business licences face cancellation if rented to foreigners, Economy Ministry warns

KUALA LUMPUR: Business licences can be cancelled if rented to foreign workers, violating the conditions stipulated under local authority regulations, says the Economy Ministry.

"Despite existing regulations, weaknesses such as lenient punishments and lack of enforcement have led to widespread violations," the ministry said in a written response posted on Parliament's website on Thursday . The proposed Anti-Rent-Seeking Act addresses the lack of comprehensive and effective legislation to curb rent-seeking.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Economy Ministry warns Malaysians: Business licences at risk if rented to foreign workersKUALA LUMPUR, July 12 — Business licences can be cancelled if rented to foreign workers, violating the conditions stipulated under local authority (PBT) regulations, according to...
Fuente: malaymail - 🏆 1. / 86 Leer más »