Rafizi: 'Anti-Ali Baba' law can deter rent-seeking business owners

A proposed "anti-Ali Baba" legislation to end rent-seeking practices can be used against owners found to abuse their business licences, leading to an influx of foreign-controlled establishments in the city centre.

Taking to X (formerly known as Twitter), Economy Minister Rafizi Ramli responded to another X user who raised concerns over an influx of foreigners benefiting from government subsidies or facilities intended for citizens...