Category: Development EN

The Second Finance Minister Datuk Seri Johari Abdul Ghani had announced that the government is finally freezing luxury property developments from 1 November 2017 because of a glut in this sector. The freeze will affect high-rise condominiums, shopping malls, commercial units, including those that are worth more than RM1 million. CAP wants to reiterate that we had warned of this scenario 28 years...

In the next few days, the Prime Minister and the Minister of Trade and Industry will be making a major decision on behalf of Malaysia on whether to join other countries to revive and sign a new Trans Pacific Partnership Agreement (TPP) without the United States. They will be at a meeting in Danang, Vietnam, where the remaining 11 TPP countries (including Malaysia) are meeting to agree to a new...

The Consumers Association of Penang (CAP) would like to address concerns aired over a recent rumour on the possible introduction of inheritance tax (NST, 29 Aug 2017: MOF deny rumours of inheritance tax in BUDGET 2018). Implemented properly, inheritance tax (as well as other relevant forms of taxation like wealth tax, capital gains tax and gift tax) provides important revenue for state coffers...

The Consumers’ Association of Penang (CAP) has over the past decades been advocating rental housing as the most logical move to embrace but apparently both the government and the developers have been promoting house ownership instead. Khazanah Research Institute managing director Datuk Charon Mokhzani stated that rental housing schemes such as the People’s Housing Programme is the way...

A survey carried out by CAP past few days has shown an significant increase in the price of coriander leaves, daun bawang, asam jawa and garlic. CAP found that the price has increased from between 10% to 200% over the last one week. With Ramaddhan and as Hari Raya Puasa is around the corner, the above mention items will be in even greater demand. CAP calls on the Ministry of Domestic Trade,...

The Consumers’ Association of Penang (CAP) is very concerned that more and more public lands are being transferred to private hands without transparency and public knowledge. In the latest case in Penang, we have come to learn that the State government’s 6.4-acre land owned by Chief Minister Incorporated at Peel Avenue was sold for RM156 million on a 99-year lease for the construction of a...

Sahabat Alam Malaysia (SAM) is strongly opposed to the exploitation of wildlife for the exotic skins trade mainly for the luxury fashion industry.  The trade-in exotic animal and reptile skins in particular generates thousands of animal victims to fulfill the demands of luxury fashion houses. The recent decision by the Natural and Environment Ministry to expand the python skin trade into the...