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Category: Financial Literacy EN

TNB Billing System Update Not A Big Deal

The Consumers’ Association of Penang (CAP) would like to highlight a few clarifications by TNB in our meeting with them on 19th August 2016 concerning our previous statement - TNB Billing System Upgrade has Confused and Burdened Consumers, dated 18th August 2016. TNB has admitted to their mistake of not informing the public about their billing system update before they started implementing it....
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TNB Billing System Upgrade Has Confused And Burdened Consumers

The Consumers’ Association of Penang has been receiving many complaints from the public regarding their TNB bills these past two months.  Among the complaints received from the public are the long billing cycles causing their bills to be very high, not receiving their July TNB bills and receiving bills with account numbers that are not their own.  CAP only recently discovered that consumers...
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TM Reviews Its Charge For Printed Bills

Soon after CAP had raised the issue of TM charging RM5.00 for their printed bills starting January 2016, TM had in a meeting with CAP said that they were reconsidering the mechanism of how they deliver bills to their customers. Also, in reply to letters that we had sent to the Malaysian Communication and Multimedia Commission (MCMC) and the Malaysian Communication and Multimedia Ministry (KKMM),...
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Charge for printed TM bills unfair

The Consumers’ Association of Penang (CAP) would like to address the issue of Telekom Malaysia (TM) being unfair to its customers by deciding to charge RM5.00 for every printed TM bill starting January 2016. This move will be highly disadvantageous to the older generation – these are the majority of grandfathers and grandmothers out there.  This age group is usually made up of people who are...
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CAP Response on Price Survey by the Penang Hindu Association

The Consumers’ Association of Penang (CAP) is alarmed but not surprised by the increase of prices of essential cooking ingredients as revealed by the Penang Hindu Association (PHA). The PHA survey involved a price check of spices, grains, pulses, condiments and essential cooking items that are largely used in an Indian household.  The increase in price of pulses seems to be inevitable. India,...
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Debt Collection Must Be Regulated

The country’s household debt is high at 88% of the Gross National Product and with an average debt repayment ratio of around 44% (that means that 44% of the income goes to settling debts) Furthermore, as many as 55 people on average being declared bankrupt every day. That means that many people have been unable or may soon be unable to pay their monthly instalments. With so many Malaysians in...
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Buying Pawn Tickets Is Illegal

The practice of buying pawn tickets has been going on for years if not decades. According to the enforcement agency, The Moneylenders’ and pawnbrokers’ division of the Ministry of Urban Wellbeing, Housing and Local Government, it is illegal for anyone to purchase the pawn tickets. Despite the law and book penalties of a fine of not more than RM20,000 or imprisonment of not more than 12 years...
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Abolish the Service Charge

The Consumers Association of Penang is surprised not only by the fact that our government has given in to pressure so easily and allowed the service charge to remain, but also at the reason given as to why the charge is necessary. The statement made by the secretary-general of the Domestic Trade, Cooperatives and Consumerism, Datuk Seri Alias Ahmad, is that “the basic wages in some hotels is...
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Why Hasn’t the Price of Goods Decreased?

People are in uproar over the fact that even though the prices of petrol and diesel have decreased, the price of goods on the other hand have not. We at CAP can sympathize; after all we are also consumers and the cost of living has been steadily increasing. It is also frustrating that no one is able give a clear reason as to why the price of goods has not decreased. One thing we know for sure is...
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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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