Malaysia committed to fight frauds

Meta, the parent company of Facebook and Instagram, has once again removed a post by Prime Minister Datuk Seri Anwar Ibrahim that condemned the assassination of Palestinian Hamas leader Ismail Haniyeh, reported China Press. 

Penang Chief Minister Chow Kon Yeow stated that the state government is prepared to extend Penang Deputy Chief Minister II Jagdeep Singh Deo’s leave, headlined Kwong Wah Daily. 

Guang Ming Daily reported that the first phase of the e-invoicing system faced a setback.

The MyInvois website launched by the Inland Revenue Board officially went live yesterday, but it encountered major issues yesterday morning. Many users were unable to log in successfully, leading to widespread complaints.

Teng Shuw Hoi, the 71-year-old mother of Zhao Mingfu hoped that the unity government would resolve the Teoh Beng Hock’s case soon after waiting 15 years, front-paged Sin Chew Daily. 

The revised Money Services Business Act 2024 (MSBA) comes into effect today, and operators of illegal currency services will face mandatory imprisonment, headlined Nanyang Daily.

Editorial

Sin Chew Daily said that the frequency and severity of fraud cases in the country, along with the high amounts involved, are deeply shocking.

Raids by various agencies are part of a continuous joint effort to combat financial crime in Malaysia, the daily said. 

These actions demonstrate a commitment to preventing the country from becoming a haven for scammers, the daily added. 

Nanyang Daily said over the past 20 years, medical costs have been rising steadily.

The daily said Bank Negara has introduced a new policy to address the impact of rising medical expenses and their effect on high insurance premiums and the public needs to understand and adapt to this measure. 

Additionally, there is hope that Bank Negara will offer a more comprehensive solution to tackle premium increases, allowing for better planning of future insurance payments, added the daily.