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Day: November 26, 2014

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

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’?

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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