Economist calls for market freedom, less ‘Ali Baba’
KUCHING: Centre for Market Education (CME) economist Carmelo Ferlito has argued that lowering regulation in markets may reduce the chances of exploitation and unethical profit-seeking. The term “rent-seeking” is used to describe these kind of manipulations. Examples include trying to get government money, subsidies or rules in one’s favour for personal gain, and using government […]
Avoid ‘Ali Baba’ business, Bumis told
KANOWIT: Local contractors should carry out their work responsibly and stick to the designated scope of work laid down by the implementing agencies, Ngemah Assemblyman Anyi Jana said. At the same time he also advise them, especially the Bumiputeras contractors in Kanowit, not engage in ‘Ali Baba’ practises. ‘Ali Baba’ business is a practise in […]
Ali Babas’ to be blacklisted
SERIAN: “Ali Baba contractors … will be blacklisted from Sarawak government projects, stressed Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan. According to him, the practice involves contractors who sub-contract their contracts to other companies, to make easy profits through commissions. “To the contractors, I strictly call on all of you to carry out […]
