160 articles
NST Online reports that the Cooperative Commission is investigating a savings scheme that offers fixed returns and contains MLM elements. Malaysians should be wary of schemes promising guaranteed returns and verify any investment opportunity through official regulatory channels before participating.
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 check seller credentials before making purchases.
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.
Malay Mail reports that a Kuching businessman and his family lost RM750,000 to a China-based pyramid scheme that promised returns of up to 100 times their investment. Malaysians should be extremely cautious of overseas investment schemes offering unrealistic returns and report suspected fraud to the relevant authorities.
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.
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 is calling for the establishment of a Direct Selling Act and a Direct Selling Association to help prevent fraud and scams in the industry. Malaysian consumers should support regulatory efforts and remain vigilant by verifying company credentials and reporting suspicious activities to KPDN.
Seneweb reports that QNET has announced a firm stance against scams operating in Africa. The company is taking action to address fraudulent activities associated with its brand across the continent. Malaysian consumers should verify any direct-selling company's KPDN license and legitimacy before engaging with its products or business opportunities.
QNET has announced measures to strengthen compliance in response to rising scams affecting Nigeria and other African countries. The company reported this commitment to Vanguard News. Malaysian consumers should verify that any direct-selling company they engage with holds a valid KPDN license and maintains transparent business practices.