Financial Literacy EN – Consumers Association Penang

Finance must be regulated to safeguard Forests and Communities, warns Global Report

Mei Cheng November 5, 2025 0 Comments

As world leaders will soon convene in Brazil for COP30, a new report from the Forests & Finance Coalition reveals that finance for sectors driving tropical deforestation has surged since the Paris Agreement. Global banks have poured USD 72 billion into forest-risk sectors over the last 18 months, while investors held USD 42 billion in bonds and shares. Titled Banking on Biodiversity...

HOW TO STOP IMPULSE BUYING

Lai Cheng November 4, 2025 0 Comments

Shopping can drain your money, especially if you buy things on impulse, or buy based on wants rather than needs. With the advent of online shopping and home delivery today, many people may find it even harder to resist impulse buying. One easy way to curb the “buy now” habit is to set a waiting period. When you see something you’re tempted to buy, wait a day, a week or even a month before...

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...

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...

AVOID THESE MONEY-DRAINING HABITS

Lai Cheng May 7, 2025 0 Comments

Source: The Little Shine

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...

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...

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...

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...

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...

Consumers Association Penang

Category: Financial Literacy EN