
Anti-ticket scalping law mulled as fans cry foul over high concert tickets
Deputy Communications Minister Teo Nie Ching said complaints have poured in over tickets being resold at up to five times their original price, especially for international acts performing in Malaysia.
"This issue surfaces every time a big-name international artiste holds a concert here. We will engage with the domestic trade ministry, event organisers, and e-ticketing companies to find the most suitable solution," she said after launching the Johor-level Madani MSME Digital Grant Festival 2025 in Permas Jaya today.
Citing the recent G-Dragon concert, Teo said some fans paid five times the face value due to overwhelming demand, with scalpers bulk-buying and reselling tickets at inflated prices.
She added that the Domestic Trade and Cost of Living Ministry was studying the matter and that lessons could be drawn from countries that have implemented anti-scalping legislation.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
5 hours ago
- New Straits Times
IOI Properties shares up in early trade
KUALA LUMPUR: IOI Properties Group Bhd (IOIPG) shares rose in the early trading session, buoyed by positive market sentiment. At 10.35am, IOIPG shares gained two sen to RM2.21 with 465,300 shares traded. In a research note today, CGS International Securities Malaysia Sdn Bhd views IOIPG as an undervalued structural growth story, underpinned by a 15.6 per cent compound annual growth rate in financial years 2024-2027 forecast core earnings per share, driven by the expansion of its investment property portfolio and incremental earnings contribution from W Residences. There is also the potential improvements in its gearing from the monetisation of its investment properties via REIT listings and improving earnings quality with resilient recurring income. "IOIPG stands to benefit from accelerated growth in property demand in Johor, driven by the Johor-Singapore Special Economic Zone (JS-SEZ), thanks to its landbank of over 1,214 hectares (3,000 acres)," it said. Following the recent addition of new investment properties and the commencement of IOI Central Boulevard Towers (ICBT) in July 2024, IOIPG's earnings quality has improved markedly, with increased contributions from its recurring income assets, it said. "We also expect the ongoing acquisition of the remaining 50.1 per cent stake in South Beach development for S$834.2 million (RM2.75 billion) to be earnings-accretive despite the potential rise in near-term gearing. "We estimate that earnings before interest and tax (EBIT) contributions from its property investment segment will rise meaningfully to 47 per cent of group EBIT by FY2027 forecast from 24 per cent in FY2018, the highest among our Malaysia property coverage, making IOIPG less susceptible to fluctuations in property development earnings and narrowing the deep discount to revalued net asset value," it said. According to recent media reports, IOIPG is exploring two REIT listings, one for Malaysian assets worth RM7 billion to RM8 billion and another for Singapore-based assets worth S$7 billion to S$8 billion (RM23 billion to RM26 billion).


New Straits Times
6 hours ago
- New Straits Times
Finas committed to boost orange economy
The National Film Development Corporation (Finas) has said the emphasis on the "orange economy" as a driver for future growth shows the Madani Government's dedication to making the local creative industry more sustainable and globally competitive. Welcoming the tabling of the 13th Malaysia Plan (13MP) in the House of Representatives, Finas chief executive officer Datuk Azmir Saifuddin Mutalib said as an agency under the Communications Ministry, Finas supports Minister Datuk Fahmi Fadzil's vision. This support will be demonstrated through high-impact initiatives designed to strengthen the country's creative industry ecosystem. "This includes empowering the production of high-value commercial content with export potential for international markets. "We will also support the development of local intellectual property (IP) through the Creative Content Fund (DKK) and the Film in Malaysia Incentive (FIMI). Furthermore, we will expand access to creative talent development through certification and commissioning. "Finas also plays a role in strengthening the industry's value chain, from pre-production and production to post-production, distribution, and content monetisation." In line with Prime Minister Datuk Seri Anwar Ibrahim's mandate, Azmir said that Finas would place a special emphasis on the animation sector. "Our efforts will include implementing the DKK, which provides grant support for high-potential animation projects and local IP content. "FIMI will also be used as an incentive to attract investment in local and international content production, with a focus on exportable IP." Azmir also highlighted that Finas was focused on implementing accredited certification programmes for local creative talent, ensuring they align with current market and technological needs. "We are also improving the licensing process for producers of animated feature films for cinema and television screenings. This is to ensure they meet standards and have smoother, more structured market access." Azmir added that Finas, in partnership with the Communications Ministry, will continue to strengthen policies, programmes, and initiatives that support the 13MP vision. "This effort focuses on achieving measurable outcomes in job creation, increased local IP value, and industrial competitiveness at regional and international levels." He also mentioned that Finas, through the DKK fund, has championed IP ownership since its introduction. "Generating revenue from IP is key to the industry's growth and sustainability. Besides grant support, FIMI rebates are also crucial for local content projects, including animation IP and animation services." Finally, Azmir noted that Finas' ongoing international market access and export initiatives have garnered significant attention from creative industry leaders and are now "bearing fruit".

Malay Mail
7 hours ago
- Malay Mail
‘Less waiting, less queueing': Johor commuters back RTS2 link to Singapore's Tuas
JOHOR BARU, Aug 11 — Johor Menteri Besar Datuk Onn Hafiz Ghazi's proposal for a second Rapid Transit System (RTS) Link between Tuas and Iskandar Puteri has reportedly drawn support from commuters in southwest Johor. Singapore's CNA said the plan was welcomed by residents in areas such as Gelang Patah, Pontian and Kulai, who currently rely solely on buses to make the daily cross-border journey via the Tuas Second Link to Singapore. At Gelang Patah bus terminal last Tuesday, CNA observed more than 100 people in line by 5am, with the first Causeway Link bus quickly filling to capacity and forcing most to wait for the next service. 'During morning rush hour, this is normal,' commuter Kevin Foh was quoted as saying. 'Sometimes we have to wait for two to three buses before we can board, if we are lucky.' Foh, a Gelang Patah resident in his mid-30s who is employed in Singapore's retail sector, said the proposed RTS2 would cut his travel time. 'I will just take a taxi from my house to (the proposed RTS station in Iskandar Puteri) instead of this bus station and take the train over to Singapore. It will be much quicker — less waiting time, less queueing hopefully.' Onn Hafiz announced the proposal on July 31 after meeting Singapore Prime Minister Lawrence Wong, saying it was in line with a decree by Johor Regent Tunku Ismail Sultan Ibrahim. He did not specify where stations would be located. The first Johor-Singapore RTS Link, connecting Bukit Chagar in Johor Baru to Woodlands North, is scheduled to open in December 2026, with rail installation works 56 per cent complete as of June. Bukit Chagar station is about 25km from Gelang Patah — a journey that can take up to two hours by bus during peak periods. Analysts reportedly told CNA the RTS2 could improve travel for western Johor commuters and boost development in Iskandar Puteri, part of the Johor-Singapore Special Economic Zone. However, they reportedly said that last-mile connectivity in Tuas and Iskandar Puteri remains limited, and questioned whether passenger volumes would justify construction costs.