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Category: Financial Literacy EN

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Category: Financial Literacy EN

Joint Statement led by Consumers’ Association of Penang and Third World Network on 31 May 2025 in Kuala Lumpur

Lai Cheng May 31, 2025 0 Comments
Consumer, patient and civil society groups strongly object to new charges by GPs and are calling on the government to stay firm on enforcing the Drug Price Display Order under Act 723 The undersigned 40 organisations and 43 individuals urge the Prime Minister, Dato Seri Anwar Ibrahim, to stand firm in supporting the implementation of the Price Control and Anti-Profiteering (Price Marking for...
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Don’t trade away Malaysians’ access to affordable medicines

Lai Cheng May 7, 2025 0 Comments
In the wake of U.S. President Donald Trump’s tariff wars and growing global trade volatility, countries across the Global South, Malaysia included, have turned to free trade agreements (FTAs) to diversify markets and reduce economic risk. During the Special Parliamentary Session to discuss the US tariffs on 5th May, Prime Minister Dato’ Seri Anwar Ibrahim announced that Malaysia has...
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Consumer Groups Support Medicine Price Display Law: Transparency for the People, Upholding Consumer Rights

Lai Cheng May 2, 2025 0 Comments
Malaysian consumer groups welcome the enforcement of the medicine price display law, effective 1st May 2025, as a landmark step towards greater transparency, accountability, and consumer empowerment in healthcare. This new regulation, known as the Price Control and Anti-Profiteering (Price Marking for Drug) Order 2025 and gazetted under the Price Control and Anti-Profiteering Act 2011, requires...
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CAP Urges Ban on Insurance Promotion in Banks

Lai Cheng April 7, 2025 0 Comments
The Consumers Association of Penang (CAP) urges Bank Negara Malaysia (BNM) to prohibit financial institutions from promoting any form of insurance, particularly investment-linked insurance, within their premises. We have received complaints that bank officers approached customers inside bank premises to promote investment-linked insurance as a ‘better investment option offering higher returns...
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CAP & TWN welcome mandatory medicines price display implementation

Lai Cheng March 17, 2025 0 Comments
The Consumers’ Association of Penang (CAP) and Third World Network (TWN) applaud the government’s determination and political will to implement the long-awaited Medicine Price Transparency Mechanism on 1st May 2025. It is a small step towards making medicine prices transparent as part of the consumers’ right to know and choose, and it is an uphill battle for the government to deal with the...
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Medical Bills Should Make Sense, Says CAP

Lai Cheng March 7, 2025 0 Comments
Private healthcare practitioners must communicate fee structures upfront, says Consumers’ Association of Penang president Mohideen Abdul Kader. He stressed the importance of transparency. “Transparent pricing allows patients to make informed decisions,” he said. This comes after the Health Ministry said it does not regulate facilities fees imposed by private healthcare facilities. In a...
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CAP welcomes parking charge hike and calls for improved public transportation

Lai Cheng March 6, 2025 0 Comments
 The Consumers’ Association of Penang (CAP) welcomes the initiative by the Penang Island City Council (MBPP) which has imposed a 50% increase on car parking charges and plans to impose a parking time limit on certain roads in view of congestion in those localities. These measures are a step in the right direction to address the growing traffic congestion and will promote better management of...
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CAP Calls for Debt Control in Malaysia

Lai Cheng February 21, 2025 0 Comments
The Consumers’ Association of Penang (CAP) urges the government to take a comprehensive approach to address Malaysia’s rising household debt, which surged from RM1.53 trillion in 2023 to RM1.57 trillion by mid-2024. This alarming figure now stands at 83.8% of the country’s GDP, making Malaysia one of the most indebted nations in the ASEAN region. According to the Ministry of Finance,...
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FAMA should actively resolve the ongoing coconut shortage

Lai Cheng February 19, 2025 0 Comments
The Consumers’ Association of Penang (CAP) urges the Federal Agricultural Marketing Authority (FAMA) to overcome the coconut shortage issue. A recent market survey in Penang revealed that coconut milk and coconut traders were concerned about the reduced supply of coconuts, which has resulted in a sharp rise in prices. Imported coconuts have seen a gradual price increase, now reaching RM4.00...
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