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Day: March 29, 2011

Banks overcharge by ignoring credit card guideline

This Guideline limits the liability of a cardholder to RM250 for unauthorised use of lost or stolen cards under certain conditions. For many cardholders their liability for the unauthorised use of their lost or stolen credit cards should not be more than RM250. Yet they end up paying much more than that because they are unaware of their rights under the Credit Card Guideline (the Guideline). The...
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No-fault insurance long overdue

CAP congratulates the Attorney-General Tan Sri Abdul Gani Patail for proposing that the no-fault liability scheme be implemented. Such a scheme is long overdue. We had as far back as the late 1970s and in the early 1990s, called for the introduction of some kind of no-fault motor insurance to benefit consumers. The idea behind no-fault insurance is to get accident victims compensated as quickly...
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ah-long

Getting a grip of the loan shark problems

We are all aware of the havoc Ah Longs have wrecked in the lives of the families where one of its member was unfortunate enough to have borrowed money from the Ah Longs. How many more suicides, how many borrowers have to be disowned by their families before government takes the Ah Long problem seriously? We cannot take the attitude that these people should have known better than to borrow from...
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The twin problem of loan sharks and gambling

For the compulsive gambler, gambling is an addiction and when he has a craving for it, nothing else matters.  The gambler is so consumed by his addiction t that he cannot break from it though he knows that he is hurting his family. When his money runs out he takes loans from the Ah Longs to feed his addiction. That is why even when the family has paid thousands of ringgit to get the Ah Longs off...
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Victims of the Ah Long scourge

It is nothing new to read in the papers about a house been splashed with red paint by Ah Longs or a parent tearfully and publicly disowning a son in the hope that the Ah Longs will leave the rest of the family alone. Now and then an Ah Long victim may take his own life as  it is the only way to escape. Case I A farm manager drank weed killer after incurring a RM90,000 gaming loss as a result...
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Before the debt trap gets deeper…

You do not find yourself up to your neck in debts overnight. These things take time. There are signs to watch out for.  If you are experiencing any of the following symptoms below, you’ re over-extending yourself financially. It is time to do something about it.  You consistently postpone paying your bills or pay bills on rotational basis.  You begin to hear from your creditors.  You have...
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broccoli

Antioxidants – Food’s amazing healing powers

There's something magic in food that can save you from virtually every disease and it’s described in one word: antioxidants. Here’s what everyone should know about this miracle food substance. Antioxidants are basically nature’s anti-ageing medicine. It protects against free radical damage in the body. Free radicals are unstable, high-energy, electrically charged molecules that can damage...
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What our ancestors knew about food

Our early ancestors ate plants and fruits that had therapeutic effect on the body as well as providing nutrition. Since the dawn of civilisation, man has relied on the forests, fields and gardens for medicines. Early physicians who used food as the mainstay prescription against disease knew nothing of germs they could not see, or of hormones or cholesterol, and how painkillers and anticoagulants...
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