209 articles
The Cooperative Commission is investigating a savings scheme offering fixed returns with MLM elements, according to NST Online. Before investing in savings or direct-selling schemes, Malaysian consumers should verify any company's registration with KPDN and avoid schemes promising unrealistic returns.
The Straits Times reports that dubious health supplements continue to proliferate on Malaysian social media platforms despite repeated official warnings. Consumers should verify that health products are registered with NPRA and purchase only from licensed retailers.
The Star reports that a sales officer lost nearly RM2 million to an investment scam. This case underscores the importance of verifying investment opportunities through licensed financial advisors and regulatory bodies such as BNM or KPDN before committing funds.
Food Business Middle East & Africa reports that DXN Holdings is planning to establish a coffee-processing factory in Brazil to expand its presence in the Latin American market. Consumers interested in direct-selling companies should research their business operations and verify their regulatory standing in Malaysia.
The Edge Malaysia reports that DXN is considering the establishment of a coffee-processing factory in Brazil as part of its expansion strategy. Before engaging with any direct-selling company, Malaysian consumers should verify its KPDN license and review its business model and product registration.
CNN reports that SpaceX has disabled thousands of Starlink satellite devices being used by scam operations in Myanmar. The action targeted criminal networks exploiting satellite internet for fraudulent schemes. Malaysian consumers should report any suspicious direct-selling or investment schemes to KPDN and avoid engaging with unverified online opportunities.
A Kuching businessman and his family lost RM750,000 to a China-based pyramid scheme that promised 100-fold returns, reported Malay Mail. Consumers should be extremely cautious of investment schemes offering unrealistic returns and verify any company's legitimacy with KPDN before committing funds.
The Sun Malaysia reports that Cosway is intensifying its efforts to attract younger, digitally-oriented consumers through updated marketing and engagement strategies. Consumers of all ages should verify the legitimacy of any direct-selling company and check its KPDN license status before making purchasing decisions.
Vanguard News reports that QNET claims scammers are preventing Nigeria from accessing the $167.7 billion global direct selling market. The statement underscores concerns about fraudulent activities undermining legitimate direct-selling operations. Consumers should verify company credentials and licensing status before engaging with any direct-selling enterprise.
The Guardian Nigeria News reports on how legislation could unlock a $167.7 billion direct-selling industry opportunity in Nigeria. Malaysian consumers should note that direct-selling regulations vary by country, and locally all direct-selling companies must hold valid KPDN licenses.
Vanguard News reports that QNET has stated Nigeria is losing out on a $167.7 billion global direct-selling market opportunity due to scam activity. Consumers should verify the legitimacy and KPDN licensing of any direct-selling company before committing time or money.
MyJoyOnline reports that QNET has called for the establishment of a Direct Selling Act and a Direct Selling Association to combat fraud and scams in the sector. QNET advocates for stronger regulatory frameworks and industry oversight. Malaysian consumers benefit when direct-selling companies support formal regulation; verify KPDN licensing and check company track records for consumer protection.