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Barnama
5 days ago
- Business
- Barnama
- Malaysia's Commitment to Fighting Corruption Through UNCAC
Opinions on topical issues from thought leaders, columnists and editors. The second cycle (2015–2019), conducted by Timor-Leste and Eswatini, focused on Chapter II (Preventive Measures) and Chapter V (Asset Recovery). Under UNCAC's Implementation Review Mechanism (IRM), Malaysia completed two cycles of peer review. In the first cycle (2012–2013), the Philippines and Kenya reviewed Malaysia's compliance with Chapter III (Criminalisation and Law Enforcement) and Chapter IV (International Cooperation). Malaysia signed the United Nations Convention Against Corruption (UNCAC) on 9 December 2003 and ratified it on 24 September 2008. This important decision marked a new chapter in Malaysia's efforts to fight corruption. Since then, Malaysia has introduced significant reforms and implemented measures aligned with international standards as required by UNCAC. The reviews also identified 35 good practices, highlighting Malaysia's notable progress and adherence to UNCAC's standards: From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes in areas of prevention, criminalisation, international cooperation, and asset recovery. Malaysia in UNCAC review mechanism Malaysia actively participates as a reviewer in the UNCAC review mechanism. In 2019, Malaysia and Burkina Faso jointly reviewed Palestine, with Malaysia reviewing Chapter V (Asset Recovery) and Burkina Faso reviewing Chapter II (Preventive Measures). In 2020, Malaysia partnered with North Macedonia to review Georgia, where Malaysia assessed Chapter V (Asset Recovery), and North Macedonia reviewed Chapter II (Preventive Measures). Currently, Malaysia is working alongside Argentina to review Vanuatu. Malaysia, having previously reviewed Chapter V (Asset Recovery), is now reviewing Chapter II (Preventive Measures), while Argentina reviews Chapter IV. These collaborative efforts demonstrate Malaysia's ongoing commitment to international cooperation in fighting corruption. Active participation of MACC in UNCAC platforms The Malaysian Anti-Corruption Commission (MACC) is Malaysia's focal agency for UNCAC matters. MACC actively participates in international UNCAC platforms such as the Open-ended Intergovernmental Working Groups on Asset Recovery and Prevention of Corruption, the Implementation Review Group (IRG), and the Conference of the States Parties (CoSP). Furthermore, MACC officers regularly serve as speakers and panellists and frequently make interventions on thematic topics discussed during these meetings, showcasing Malaysia's strong presence and contributions in global anti-corruption discussions. From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes relating to preventive measures, criminalisation, international cooperation, and asset recovery (Malaysian Anti-Corruption Commission, 2025). Some specific recommendations highlighted by UNCAC reviewers, on which Malaysia has already taken concrete steps, include adopting a coordinated national anti-corruption strategy, enhancing the independence of anti-corruption authorities, and strengthening corporate accountability. In response to these recommendations, Malaysia launched the National Anti-Corruption Plan (NACP) 2019 – 2023 in line with UNCAC Article 5. This comprehensive plan focused on reducing corruption risks in critical sectors such as political governance, public procurement, corporate governance, law enforcement, and judicial integrity. National Anti-Corruption Strategy Building on this initiative, Prime Minister Datuk Seri Anwar Ibrahim has introduced the National Anti-Corruption Strategy (NACS) 2024–2028, whereby the NACS sets out five strategies and 60 sub-strategies to be carried out over its five-year duration on education, public accountability, the people's voice, enforcement, and incentives. Under UNCAC Article 6, Malaysia is revising the requirements for appointing and dismissing of the MACC Chief Commissioner, ensuring greater independence and transparency in the perception of this crucial role. Additionally, efforts are underway to propose a MACC Service Commission to provide MACC with enhanced independence and operational autonomy, including oversight over personnel matters. On criminalisation and law enforcement (UNCAC Chapter III), Malaysia amended the MACC Act 2009 by introducing corporate liability provisions (Section 17A), effective June 2020. This provision makes corporations accountable for corruption offences committed by their employees or associated individuals, aligning national legislation with UNCAC Article 26 on liability of legal persons. Throughout these reform initiatives, Malaysia prioritises inclusive engagement, involving government agencies, members of Parliament, civil society organisations, academic institutions, and international stakeholders. This collaborative approach ensures reforms are practical, widely supported, and aligned with both national priorities and UNCAC standards. As Malaysia advances on its anti-corruption journey, the sustained implementation of UNCAC recommendations and active engagement on the international stage reflect a clear commitment to integrity and reform. While challenges remain, the tangible progress achieved lays a solid foundation for continued improvement. By maintaining momentum, strengthening institutional frameworks, and fostering a culture of transparency and public accountability, Malaysia has the potential to emerge as a regional and global leader in anti-corruption efforts – setting a compelling example of how consistent, principle-based action can drive lasting change. -- BERNAMA Rasidah Abdul Karim is Director of the Policy, Planning and Research Division (BDPP) at the Malaysian Anti-Corruption Commission (MACC).
The Star
6 days ago
- Business
- The Star
Malaysia's commitment to fighting corruption through UNCAC
MALAYSIA signed the United Nations Convention against Corruption (UNCAC) on Dec 9, 2003, and ratified it on Sept 24, 2008. This important decision marked a new chapter in Malaysia's efforts to fight corruption. Since then, Malaysia has introduced significant reforms and implemented measures aligned with international standards as required by UNCAC. Under UNCAC's Implementation Review Mechanism (IRM), Malaysia completed two cycles of peer review. In the first cycle (2012–2013), the Philippines and Kenya reviewed Malaysia's compliance with Chapter III (Criminalisation and Law Enforcement) and Chapter IV (International Cooperation). The second cycle (2015–2019), conducted by Timor-Leste and Eswatini, focused on Chapter II (Preventive Measures) and Chapter V (Asset Recovery). From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes in areas of prevention, criminalisation, international cooperation, and asset recovery. The reviews also identified 35 good practices, highlighting Malaysia's notable progress and adherence to UNCAC's standards: • Chapter II: Preventive Measures (6 good practices) • Chapter III: Criminalisation and Law Enforcement (8 good practices) • Chapter IV: International Cooperation (5 good practices) • Chapter V: Asset Recovery (16 good practices) Malaysia actively participates as a reviewer in the UNCAC review mechanism. In 2019, Malaysia and Burkina Faso jointly reviewed Palestine, with Malaysia reviewing Chapter V (Asset Recovery) and Burkina Faso reviewing Chapter II (Preventive Measures). In 2020, Malaysia partnered with North Macedonia to review Georgia, where Malaysia assessed Chapter V (Asset Recovery), and North Macedonia reviewed Chapter II (Preventive Measures). Currently, Malaysia is working alongside Argentina to review Vanuatu. Malaysia, having previously reviewed Chapter V (Asset Recovery) is now reviewing Chapter II (Preventive Measures), while Argentina reviews Chapter IV. These collaborative efforts demonstrate Malaysia's ongoing commitment to international cooperation in fighting corruption. The Malaysian Anti-Corruption Commission (MACC) is Malaysia's focal agency for UNCAC matters. MACC actively participates in international UNCAC platforms such as the Open-ended Intergovernmental Working Groups on Asset Recovery and Prevention of Corruption, the Implementation Review Group (IRG), and the Conference of the States Parties (CoSP). Furthermore, MACC officers regularly serve as speakers and panellists and frequently make interventions on thematic topics discussed during these meetings, showcasing Malaysia's strong presence and contributions in global anti-corruption discussions. From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes relating to preventive measures, criminalisation, international cooperation, and asset recovery. Some specific recommendations highlighted by UNCAC reviewers, on which Malaysia has already taken concrete steps, include adopting a coordinated national anti-corruption strategy, enhancing the independence of anti-corruption authorities, and strengthening corporate accountability. In response to these recommendations, Malaysia launched the National Anti-Corruption Plan (NACP) 2019 – 2023 in line with UNCAC Article 5. This comprehensive plan focused on reducing corruption risks in critical sectors such as political governance, public procurement, corporate governance, law enforcement, and judicial integrity. Building on this initiative, Prime Minister Datuk Seri Anwar Ibrahim has introduced the National Anti-Corruption Strategy (NACS) 2024 – 2028, whereby the NACS sets out five strategies and 60 sub-strategies to be carried out over its five-year duration on education, public accountability, the people's voice, enforcement, and incentives. Under UNCAC Article 6, Malaysia is revising the requirements for appointing and dismissing of the MACC chief commissioner, ensuring greater independence and transparency in the perception of this crucial role. Additionally, efforts are underway to propose a MACC service commission to provide MACC with enhanced independence and operational autonomy, including oversight over personnel matters. On criminalisation and law enforcement (UNCAC Chapter III), Malaysia amended the MACC Act 2009 by introducing corporate liability provisions (Section 17A), effective June 2020. This provision makes corporations accountable for corruption offences committed by their employees or associated individuals, aligning national legislation with UNCAC Article 26 on liability of legal persons. Throughout these reform initiatives, Malaysia prioritises inclusive engagement, involving government agencies, MPs, civil society organisations, academic institutions, and international stakeholders. This collaborative approach ensures reforms are practical, widely supported, and aligned with both national priorities and UNCAC standards. As Malaysia advances on its anti-corruption journey, the sustained implementation of UNCAC recommendations and active engagement on the international stage reflect a clear commitment to integrity and reform. While challenges remain, the tangible progress achieved lays a solid foundation for continued improvement. By maintaining momentum, strengthening institutional frameworks, and fostering a culture of transparency and public accountability, Malaysia has the potential to emerge as a regional and global leader in anti-corruption efforts—setting a compelling example of how consistent, principle-based action can drive lasting change. RASIDAH ABDUL KARIM Policy, Planning and Research Director, Malaysian Anti-Corruption Commission
New Straits Times
6 days ago
- Business
- New Straits Times
Malaysia shows commitment to fight corruption through UNCAC
Malaysia signed the United Nations Convention against Corruption (UNCAC) on December 9, 2003 and ratified it on September 24, 2008, an important decision that marked a new chapter in Malaysia's efforts to fight corruption. Since then, Malaysia has introduced significant reforms and implemented measures aligned with international standards as required by UNCAC. Under UNCAC's Implementation Review Mechanism (IRM), Malaysia completed two cycles of peer review. In the first cycle (2012–2013), the Philippines and Kenya reviewed Malaysia's compliance with Chapter III (Criminalisation and Law Enforcement) and Chapter IV (International Cooperation). The second cycle (2015–2019), conducted by Timor-Leste and Eswatini, focused on Chapter II (Preventive Measures) and Chapter V (Asset Recovery). From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes in areas of prevention, criminalisation, international cooperation, and asset recovery. The reviews also identified 35 good practices, highlighting Malaysia's notable progress and adherence to UNCAC's standards: * Chapter II: Preventive Measures (6 good practices) * Chapter III: Criminalisation and Law Enforcement (8 good practices) * Chapter IV: International Cooperation (5 good practices) * Chapter V: Asset Recovery (16 good practices) Malaysia actively participates as a reviewer in the UNCAC review mechanism. In 2019, Malaysia and Burkina Faso jointly reviewed Palestine, with Malaysia reviewing Chapter V (Asset Recovery) and Burkina Faso reviewing Chapter II (Preventive Measures). In 2020, Malaysia partnered with North Macedonia to review Georgia, where Malaysia assessed Chapter V (Asset Recovery), and North Macedonia reviewed Chapter II (Preventive Measures). Currently, Malaysia is working alongside Argentina to review Vanuatu. Malaysia, having previously reviewed Chapter V (Asset Recovery) is now reviewing Chapter II (Preventive Measures), while Argentina reviews Chapter IV. These collaborative efforts demonstrate Malaysia's ongoing commitment to international cooperation in fighting corruption. The Malaysian Anti-Corruption Commission (MACC) is Malaysia's focal agency for UNCAC matters. MACC actively participates in international UNCAC platforms such as the Open-ended Intergovernmental Working Groups on Asset Recovery and Prevention of Corruption, the Implementation Review Group (IRG), and the Conference of the States Parties (CoSP). Furthermore, MACC officers regularly serve as speakers and panellists and frequently make interventions on thematic topics discussed during these meetings, showcasing Malaysia's strong presence and contributions in global anti-corruption discussions. From these reviews, Malaysia received 22 recommendations aimed at strengthening its legal framework, institutions, and processes relating to preventive measures, criminalisation, international cooperation, and asset recovery (Malaysian Anti-Corruption Commission, 2025). Some specific recommendations highlighted by UNCAC reviewers, on which Malaysia has already taken concrete steps, include adopting a coordinated national anti-corruption strategy, enhancing the independence of anti-corruption authorities, and strengthening corporate accountability. In response to these recommendations, Malaysia launched the National Anti-Corruption Plan (NACP) 2019 – 2023 in line with UNCAC Article 5. This comprehensive plan focused on reducing corruption risks in critical sectors such as political governance, public procurement, corporate governance, law enforcement, and judicial integrity. Building on this initiative, Prime Minister Datuk Seri Anwar Ibrahim has introduced the National Anti-Corruption Strategy (NACS) 2024 – 2028, whereby the NACS sets out five strategies and 60 sub-strategies to be carried out over its five-year duration on education, public accountability, the people's voice, enforcement, and incentives. Under UNCAC Article 6, Malaysia is revising the requirements for appointing and dismissing of the MACC Chief Commissioner, ensuring greater independence and transparency in the perception of this crucial role. Additionally, efforts are underway to propose a MACC Service Commission to provide MACC with enhanced independence and operational autonomy, including oversight over personnel matters. On criminalisation and law enforcement (UNCAC Chapter III), Malaysia amended the MACC Act 2009 by introducing corporate liability provisions (Section 17A), effective June 2020. This provision makes corporations accountable for corruption offences committed by their employees or associated individuals, aligning national legislation with UNCAC Article 26 on liability of legal persons. Throughout these reform initiatives, Malaysia prioritises inclusive engagement, involving government agencies, members of Parliament, civil society organisations, academic institutions, and international stakeholders. This collaborative approach ensures reforms are practical, widely supported, and aligned with both national priorities and UNCAC standards. As Malaysia advances on its anti-corruption journey, the sustained implementation of UNCAC recommendations and active engagement on the international stage reflect a clear commitment to integrity and reform. While challenges remain, the tangible progress achieved lays a solid foundation for continued improvement. By maintaining momentum, strengthening institutional frameworks, and fostering a culture of transparency and public accountability, Malaysia has the potential to emerge as a regional and global leader in anti-corruption efforts — setting a compelling example of how consistent, principle-based action can drive lasting change.
Yahoo
7 days ago
- Business
- Yahoo
Barclays Maintains Overweight Rating on Iron Mountain (IRM), Lifts PT
On May 27, Barclays raised its price target on Iron Mountain Incorporated (NYSE:IRM) to $121 from $118 and maintained an Overweight rating. The rating update came with the firm's update of models in the data center group and the company's fiscal Q1 2025 earnings, which showed record performance in revenue and adjusted EBITDA. A storage facility with boxes and shelves to store records, representing the company's secure records storage. Iron Mountain Incorporated (NYSE:IRM) reported record fiscal Q1 2025 revenue of $1.6 billion, reflecting a 7.8% growth on a reported basis and 9.4% growth excluding the effects of foreign exchange. The improved results were attributed to strong performance across the company's business, with its growth businesses of data center, digital, and asset lifecycle management (ALM) collectively rising more than 20%. The company also delivered a record first-quarter adjusted EBITDA of $580 million and increased its 2025 guidance based on these results. On May 1, Iron Mountain Incorporated (NYSE:IRM) declared a quarterly cash dividend of $0.785 per share for Q2 2025. Iron Mountain Incorporated (NYSE:IRM) provides storage and information management solutions. Its operations are divided into the following business segments: Global Records & Information Management Business, Global Data Center Business, and Corporate & Other Business. While we acknowledge the potential of IRM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IRM and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Irish Independent
15-05-2025
- Business
- Irish Independent
Ireland's digital advertising spend tops €1bn for the first time, study finds
The report shows spending on digital advertising increased by 11pc in 2024 to a record €1.06bn. Digital display advertising accounted for the biggest share and strongest growth, the report says. It grew by 13pc to €669m with video and social (media) being the primary drivers. Search advertising grew by 6pc to €331m. Online classified advertising grew to €59m, accounting for a 6pc share of total digital advertising spend. IAB Ireland is the trade organisation for digital advertising. The IAB Online Adspend report was conducted by market research firm IRM. The strong performance of video and social across the globe has also been seen in the 2024 Irish market The research shows the top performing formats in non-social display were video, with growth of 25pc year-on-year; and what are known as section takeovers/tenancies, an industry term for display ads that take up every ad slot on a website's homepage also grew strongly. The display format remains the dominant format in the Irish market, holding a share of 63pc of spending, the research found. IAB Ireland's CEO, Suzanne McElligott, said trends here reflected global markets. 'The strong performance of video and social across the globe has also been seen in the 2024 Irish market with total video adspend up 20pc and social amounting to 77pc of all display adspend in 2024,' she said. 'We also call out particularly strong growth of 25pc for broadcaster/publisher video and 18pc growth year-on-year for other engaging publisher display formats'. IRM's chief executive Madeleine Thor said the research shows video was a dynamic driver of digital advertising last year. 'It is not surprising that adspend participants predict that video will continue to be a top growth driver for adspend in 2025,' she said. In its research, IRM measures digital adspend across Denmark, Finland, Norway, Sweden and Ireland. Its 2024 report draws on information from 23 leading publishers and media owners, two ad-networks and eight media-buying agencies that participated in the study.
