Archive for October, 2012

Press Statements by Bank Negara Malaysia on Genneva Malaysia and Other Gold Trading Firms

Today is day 10 since the Bank Negara Malaysia(BNM) led a raid on Genneva Malaysia Sdn Bhd. At the same time, Bank Negara Malaysia issued a Press Statements on “Update on joint raids conducted by enforcement agencies on companies suspected of conducting illegal investment schemes using gold” The joint press release between the Attorney General’s […]

35% of Insurance Agents Earn Above RM20,000 A Year

According to Deputy Finance Minister, Datuk Donald Lim Siang Chai, only 35% of insurance agents earn above RM20,000 per year. This means the balance of 65% of insurance agents earn below the average wage of a Malaysians which is RM33,000 per year. Source: The Star, 30 August 2012

Genneva Gold Offices Raided by Bank Negara Malaysia

Genneva Malaysia Sdn Bhd was a very hot topic today. This gold trading firm was raided by the Bank Negara Malaysia, police, Ministry of Domestic Trade, Cooperatives and Consumerism and the Companies Commission of Malaysia on 01 October 2012.