Can The Government End Ali Baba Culture In Business?

Dr Carmelo Ferlito, CEO, Center for Market Education (CME)

13-Jul-23 08:30

Can The Government End Ali Baba Culture In Business?

Pause
Embed

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

Produced by: Yeong Yeng Yee

Presented by: Shazana Mokhtar, Wong Shou Ning

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: Law/Activism, government, economy, corruption

Tags: rent seeking, malaysia government, economy,

Today’s Shows

6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management, tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Saktiandi Supaat of Maybank discusses the outlook for major currencies worldwide, including the USD and MYR.

7:45 AM

Morning Brief

Prof. Dr. Haniki Nik Mohamed of IIUM shares his insights on the risks of Malaysia’s sharp rise in e-cigarette use that has led several states to ban sales.

8:00 AM

The Breakfast Grille

Dato' Dr. Ahmad Faizal Mohd Perdaus of Mercy Malaysia and Dr. Mafeitz Mamat of Doctors Without Borders, discuss the challenges of humanitarian work on World Humanitarian Day.

8:30 AM

Morning Brief

We break down the day’s top news with expert insights.

8:45 AM

Morning Brief

(REPEAT) Dr. Pradeep Taneja, Senior Lecturer in Asian Politics at the University of Melbourne weighs in on Sino-Indian ties.

9:00 AM

Opening Bell

(REPEAT) Joe Quinlan, Chief Market Strategist, US Trust-BOA Private Wealth Management, tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) Saktiandi Supaat of Maybank discusses the outlook for major currencies worldwide, including the USD and MYR.

9:35 AM

People, Planet, Profit

Trung Ghi, Partner & Head of Energy & Utilities at Arthur D. Little Southeast Asia discusses how Malaysia can balance data center growth with sustainability.

10:05 AM

Open For Business

Ethan Wong, Founder of Truly Gourmet, on turning a humble Malaysian staple into a thriving premium food brand.

11:00 AM

Marketing Mojo

Adyen's Soon Yean Lee on why 58% of Malaysians now use AI to shop and what this means for the future of retail.

12:00 PM

Enterprise Explores

Penta's Tefik Lajthia on their new report analysing 1.1M+ EV mentions, revealing why the EV market's reputation is diverging sharply across the globe.

1:00 PM

The Breakfast Grille Repeat

Dato' Dr. Ahmad Faizal Mohd Perdaus of Mercy Malaysia and Dr. Mafeitz Mamat of Doctors Without Borders, discuss the challenges of humanitarian work on World Humanitarian Day.

2:05 PM

Discovery Hour

3:05 PM

Beyond the Ballot Box

A labour rights researcher shares how migrant workers organise their communities despite the challenges and the policies we need to create a just environment for them.

4:05 PM

Health & Living

Is it safe when kids turn to AI chatbots for conversations and companionship? We look at how parents can guide their children.

5:00 PM

Top 5 at 5

6:00 PM

Talkback Tuesday

8:00 PM

BBC World Service

This episode of The Food Chain looks at garlic and its benefits to us.

PROGRAMMES