262 articles
NST Online reports that police have identified additional individuals connected to the MBI Ponzi scheme founder. The investigation continues to expand as authorities work to uncover the full network involved in the scheme. Malaysian consumers should verify any investment opportunity's registration with relevant authorities before committing funds.
An ex-sales agent connected to a multi-million-dollar gold investment scam has been jailed, according to The Straits Times. The case highlights risks associated with investment schemes promoted through direct-selling channels. Malaysian investors should exercise caution with unsolicited investment opportunities and verify credentials with relevant financial authorities before committing funds.
The Vibes reports that Malaysia's direct selling industry earned RM34.4 billion for the economy while dominating global rankings. The sector continues to demonstrate significant economic impact. Before joining any direct-selling company in Malaysia, verify that it holds a valid KPDN license and check its track record.
According to The Straits Times, Shopee customers lost $399,000 in 2024 by making payments outside the app to scammers. This incident demonstrates the risks of conducting transactions outside official e-commerce platforms. Malaysian shoppers are advised to always complete payments through secure, official app features and avoid off-platform payment methods.
The Nation Newspaper reports on QNET's decades of growth and success as evidence that it is not a scam. The company's longevity in the market is presented as support for its legitimacy. Consumers interested in direct-selling opportunities should independently verify a company's KPDN license and regulatory standing before joining.
Thai PBS World reports on celebrity-related scams that occurred in Thailand during 2024. These incidents demonstrate how scammers exploit public figures' reputation and fan loyalty. Malaysian consumers should be cautious of investment or purchase opportunities promoted by celebrities and verify offerings through official channels.
Vulcan Post identifies three popular online scams that target Malaysian shoppers during sales seasons and provides guidance on avoiding them. The article addresses tactics commonly used by fraudsters during peak shopping periods. Shoppers should research merchant reviews, use secure payment methods, and verify seller authenticity before completing high-value transactions.
Ninja Van Malaysia has shared advice on avoiding scams during the 11.11 and 12.12 sales events, according to CILISOS. The logistics provider offers guidance targeting shopping fraud prevalent during major online sales campaigns. Consumers should verify delivery tracking information and confirm orders through official retailers during high-traffic shopping periods.
Bernama reports that Malaysia's potential BRICS membership presents new opportunities for the direct-selling industry. The article suggests that joining BRICS could expand markets and business horizons for Malaysian direct-selling companies. As the industry evolves, consumers should continue to verify licensing and regulatory compliance before engaging with any direct-selling opportunity.
Business Standard reports that Tupperware has cancelled a planned market auction and agreed to a lender takeover following its bankruptcy. The company's financial collapse marks a significant shift in the direct-sales home-product sector. Malaysian consumers should review their financial commitments with any direct-selling company and ensure they understand the risks associated with distributor investments.
The Edge Malaysia reports that Zhulian has posted its lowest quarterly profit since its 2017 listing, attributed to reduced consumer spending. The decline reflects broader economic pressures affecting the direct-selling sector. Malaysian consumers engaging with direct-selling companies should assess market conditions and business sustainability before making investment or purchasing decisions.
Tupperware has agreed to a sale while facing bankruptcy and plans to refocus its market strategy. Consumer Goods Technology reported this development. Consumers in Malaysia should verify that any direct-selling company holds a valid KPDN license before engaging with it.