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Month: November 2014

Month: November 2014

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Bank Negara Must Stop Banks from Using Unfair Methods of Calculating Interest

admin November 26, 2014 0 Comments
Banks should be stopped from taking unfair advantage of borrowers with personal loans or fixed rate hire-purchase loans (of either the conventional or Islamic financing variety. ) These borrowers lose twice over because interest on the loans are calculated on a flat rate basis and rebates are calculated based on the Rule of 78. The flat rate method charges interest on money which has already...
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Is the Malaysian government embarking on “so-called” public consultation ‘secretly’?

admin November 26, 2014 0 Comments
The Consumers’ Association of Penang (CAP) was approached by a research company for its survey titled as ‘Malaysia Energy Consumption and Its Impacts Towards Economy Development’ early this month.  We would like to express our concern that the survey is yet another attempt by the government and proponents of the nuclear power fraternity to hoodwink not just the public, but this time, even...
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Macau Scams And Banks Telemarketing

admin November 24, 2014 0 Comments
According to a news report, people in Malaysia are falling victim to Macau scams or phone scams increasingly over the past 3 years. The Consumers Association of Penang (CAP) finds this quite disturbing as this is an old scamming tactic. The report states that police have supposedly warned people about syndicates and fraudsters who contact them, posing as Bank Negara Malaysia officers, police...
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No Loan For AUCMS!

admin November 21, 2014 0 Comments
If at the time, government bodies with authority, such as the Ministry of Higher Education, had done something about the Allianze University College of Medical Sciences (AUCMS) issue, there is a distinct possibility that this whole fiasco could have been averted. Now, after all that has happened, AUCMS has asked the federal government for a loan to handle its financial crisis. The Consumers...
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Concerns Regarding Our Cyber Security And Electronic Banking Still Unanswered

Admin November 19, 2014 0 Comments
The Associations of Banks in Malaysia (ABM) has endeavoured to address the Consumers Association of Penang’s (CAP) concerns regarding Malaysia’s cyber security but unfortunately have left many queries unanswered.  CAP believes it is necessary that we spell out our concerns clearly and in detail once more, so that they may be addressed appropriately; and we hope that relevant parties are able...
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CAP calls on the Malaysian Government to Withdraw from the TPPA Negotiation

admin November 17, 2014 0 Comments
The Consumers’ Association of Penang (CAP) remains seriously concerned that Malaysia continues to negotiate the Trans-Pacific Partnership Agreement (TPPA) with 11 other countries including the United States. Hence CAP has sent a letter to the Prime Minister of Malaysia and submitted copies to all Ministers urging the Government to withdraw from the whole negotiation and not sign the TPPA. Below...
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Malaysians must reduce sugar intake by 80%

admin November 14, 2014 0 Comments
November 14 is World Diabetes Day. On this occasion, the Consumers Association of Penang calls on consumers to reduce their sugar intake by as much as 80% to curb diabetes which is increasing at an alarming rate in Malaysia. We are the top country in ASEAN for having the highest number of diabetics and sixth in the Western Pacific region. The prevalence rate of the disease in Malaysia had shot...
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Concerns Regarding Our Cyber Security And Electronic Banking Still Unanswered

admin November 14, 2014 0 Comments
The Associations of Banks in Malaysia (ABM) has endeavoured to address the Consumers Association of Penang’s (CAP) concerns regarding Malaysia’s cyber security but unfortunately have left many queries unanswered. CAP believes it is necessary that we spell out our concerns clearly and in detail once more, so that they may be addressed appropriately; and we hope that relevant parties are able...
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All Who Approved “Unproven” Incinerator Technology Should Be Held Liable

admin November 12, 2014 0 Comments
The Consumers’ Association of Penang (CAP) supports the Public Accounts Committee (PAC)’s call for "appropriate action" to be taken against the negligence displayed by several officials in approving the use of an incinerator technology without conducting any due diligence on the claims made by the contractor appointed to build the facilities. In addition to the officials mentioned by the PAC,...
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Procurement Of Questionable Medical Equipment

admin November 11, 2014 0 Comments
The Consumers Association of Penang refers to news reports regarding the procurement of questionable medical equipment by the Ministry of Health. We are shocked that the Health Ministry would even consider, let alone actually purchase medical equipment of dubious quality and origins to be used on and by patients. Now that the cats out of the bag, several things come to mind and we feel it is...
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