Minister: Putrajaya targets 2027 for anti-rent seeking law
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5 Articles
Govt Aims To Table Anti-Rent-Seeking Bill By 2027 To Eliminate 'Alibaba' Licensing Practices
KUALA LUMPUR, Oct 14 – The government aims to draft new legislation or amend existing legal frameworks to criminalize rent-seeking, or “Alibaba” practices, with plans to table the bill in Parliament by 2027. Economy Minister Akmal Nasrullah Mohd Nasir informed the Dewan Rakyat on Wednesday, October 14, 2026, that comprehensive studies are underway to establish a clear regulatory and legal framework to define rent-seeking activities as criminal o…
KUALA LUMPUR: The government plans to table new laws or amendments to legislation relating to rent-seeking and Ali Baba practices next year to curb leakages in the granting of licenses and contracts. Economy Minister Akmal Nasrullah Mohd. Nasir said his party is conducting a study to prepare a regulatory framework and related legislative proposals aimed at addressing the practices more effectively.
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