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Category: Financial Literacy EN

CAP: PRICE TAGGING LAWS MUST BE ENFORCED

The Consumers' Association of Penang (CAP) urges the Ministry of Domestic Trade and Cost of Living to enforce the Price Control Act 1946 Amendment 1973, Section 8(1), which mandates traders to display price tags on goods intended for sale. CAP conducted a survey across Penang Island, revealing widespread non-compliance with this requirement among various types of vendors including food stalls,...
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No U-Turn for Fuel Subsidy Rationalisation Policy

The fuel subsidy rationalisation policy must be implemented and there must be no U-turn because of pressure from vested interests and political groups. Government leaders must bite the bullet when implementing policies perceived to be unpopular but which, in the long-term, will make our economy more resilient to benefit the people and the nation. Beginning with targeted subsidies for diesel fuel...
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A regulatory oversight needed for charitable organisations

Consumers Association of Penang (CAP) urges the government to seriously consider the call by the then-Deputy Prime Minister Datuk Seri Wan Azizah Wan Ismail in 2020 for the establishment of a Malaysian charities commission. As of now, there is no single comprehensive statute in Malaysia to regulate NGOs, except for charities and charitable trusts and institutions outlined in the Ninth Schedule...
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Fads are a debt trap for the youth

Consumers Association of Penang (CAP) calls on Malaysians to face the reality of the global economic downturn in the midst of geopolitical uncertainties. Overspending has driven our youth to the brink of bankruptcy through an unsustainable lifestyle of spending as much as they have and using credit cards when the money runs out. The statistics of youths in debt are shocking. Last year’s UCSI...
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CONSUMERS FLEECED BY INACCURATE WEIGHING SCALES

Consumers’ Association of Penang (CAP) urges the Ministry of Domestic Trade, Cost of Living to conduct checks and take action against wet market traders using inaccurate mechanical weighing scales (with dial indicators on both sides of the machine) to short-weigh consumers. Our recent survey of all the wet markets in Penang showed that some of the weighing scales have their calibration...
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UNCLAIMED MONEY – FIND OUT IF YOU HAVE ANY

Do you have any unclaimed money lying around? Homemaker Jessica Lai thought it was a scam when told she could find unclaimed money on the government portal eGUMIS. She tried and found that she could claim RM1,000. “I had never heard of it, and I thought it was a scam,” said the 53-year-old. The eGUMIS portal, launched in 2020, received about 17.2 million visitors as of last March and has...
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SHOCKING RISE IN THE PRICE OF TOMATOES

The Consumers Association of Penang (CAP) is very concerned about the recent rapid increase in the price of tomatoes in Penang markets. A CAP market survey carried out today shows that the price of local product tomato has increased from RM8.00 to RM12.00. A month ago it was only sold for RM5.50 per kilogram. Tomato is an essential ingredient and is used by almost every consumer. Several...
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