The business case for young people creating a culture of business integrity / MACC arrests three company directors for alleged bribery
The business case for young people creating a culture of business integrity in Asia-Pacific. “It is essential for young entrepreneurs to address corruption risks in the early stages of their startups. That’s why young people are increasingly motivated to operate their business with integrity through social entrepreneurship. By adopting integrity standards, they can reduce the risk of corruption and minimize its harmful impacts. Business integrity is indispensable to young entrepreneurs — without it, their businesses fail and societies suffer. In fact, in the long term, ethical businesses outperform their industry competitors.”
Stan van der Leemputte/ UNDP: https://www.youthcolab.org/post/the-business-case-for-business-integrity-for-youngpeople-in-asia-pacifc
MACC arrests three company directors for alleged bribery over RM90mil govt contract. The Malaysian Anti-Corruption Commission (MACC) has arrested three company directors for alleged bribery to secure an advertising contract worth RM90mil under a government agency last year. (…) According to the source, the company had provided false information for a tender and were later awarded the contract. It is believed the company did not have the right qualification for the job and had in fact failed a technical and financial evaluation.
It’ll facilitate corruption (opinion). “Allowing the scope for whitening black money in the name of economic recovery, increasing revenue, investment, and creating jobs will legalise money laundering and facilitate corruption, says Transparency International Bangladesh (TIB). Such scope is unethical, discriminatory, and anti-constitutional, it said in a statement yesterday, calling for revoking the provision proposed on Thursday by Finance Minister AHM Mustafa Kamal in the budget for fiscal 2020-21.