Businesses more corrupt, survey shows one in three Malaysians say will face bribes in next two years

Source: The Malay Mail Online

A survey has found that 30 per cent out of 80 Malaysian companies have experienced bribery and corruption in their daily operations. — Reuters pic

A survey has found that 30 per cent out of 80 Malaysian companies have experienced bribery and corruption in their daily operations. — Reuters pic

KUALA LUMPUR, June 23 ― Bribery and corruption may be unacceptable practices for Malaysian companies, yet there has been a sharp increase in reported incidences for the past two years.

PricewaterhouseCoopers’s (PwC) Global Economic Crime Survey 2016 found that 30 per cent out of 80 Malaysian companies have experienced bribery and corruption in their daily operations, compared to just 19 per cent in 2014 even as 98 per cent of those polled made it clear to their staff that bribery and corruption are “unacceptable practices.”

“On paper they don’t believe it should be tolerated but on the ground it’s very different.

“The fact that almost all the Malaysian respondents feel that their top management are sending a clear message that they don’t condone such crimes indicates a disconnect between the tone at the top and the reality on the ground,” Sridharan Nair, managing partner of PwC Malaysia told a news conference today. Read more

Roundup on TPPA cost-benefit analysis by consultancy firm PricewaterhouseCoopers (PwC)

Pic taken from FMT News

Pic taken from FMT News

Source: The Malay Mail Online

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More strikes, cost hikes likely with TPP, study indicates

Source: The Malay Mail Online

PwC said Putrajaya would have to amend its labour laws and regulations to fulfil its obligations under the TPP agreement. — Picture by Choo Choy May

PwC said Putrajaya would have to amend its labour laws and regulations to fulfil its obligations under the TPP agreement. — Picture by Choo Choy May

KUALA LUMPUR, Dec 3 — Malaysian employers may face more industrial action by employees along with higher business costs if the country signs the Trans-Pacific Partnership (TPP), consultants PricewaterhouseCooper (PwC) said in its cost-benefit analysis released today.

PwC said Putrajaya would have to amend its labour laws and regulations to fulfil its obligations under the agreement, which would include relaxing the conditions imposed on trade unions that would effectively make it easier for them to go on strike or stop work as a sign of protest. Read more