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Category: Financial Literacy EN

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Category: Financial Literacy EN

CAP  Applauds National Budget 2025: Calls for Strengthened Local Economy, Wage Reforms, and Accountability

Lai Cheng October 24, 2024 0 Comments
The Consumers Association of Penang (CAP) welcomes the measures outlined in the National Budget 2025, which aim to consolidate an economy weakened by decades of dependence on imports, flawed agricultural policies, corruption, and poor programme implementation. The underlying policy to help the needy and tax the rich is laudable. The budget allocation for operating expenses is RM335 billion, and...
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CAP’s Response to FSGMAM President’s Claims on Tobacco and Vape Product Display Ban

Lai Cheng October 16, 2024 0 Comments
In response to recent claims made by the President of Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM), Hong Chee Meng, regarding the Malaysian Ministry of Health's (MOH) implementation of a tobacco and vape product display ban, the Consumers Association of Penang (CAP) wishes to provide clarification on the matter. 1. Financial Support for Compliance CAP opposes any...
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MAKE CLOTHES LAST

Lai Cheng September 30, 2024 0 Comments
Fast fashion wants us to buy what's in trend, wear it for a month and forget about it when we buy the next trendy thing, until we do a wardrobe clean out and throw it all out. We say no! Let's buy clothes we can see ourselves loving forever, make sure they're high quality whenever possible, repair them when they break, and keep them all for as long as possible! Source: 1 Million Women  
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ARE YOU AN IMPULSE BUYER?

Lai Cheng September 3, 2024 0 Comments
Impulse buying can create unnecessary spending and overconsumption, which drives climate change (increasing our greenhouse gas emissions) By taking a breath before we buy something, asking ourselves whether we really do need it, we are thinking of our Mother Earth and prioritising her. Here are things you could do when you feel stressed/bored instead of resorting to shopping for a thrill: >...
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Data centres are big energy and water guzzlers

Lai Cheng August 9, 2024 0 Comments
Sahabat Alam Malaysia expresses its concerns on the rapid boom of data centres in the country particularly in Johor which has the largest data centre market in the country. The exponential growth and the increasing reliance the world has put on technology, particularly the internet and the services it provides such as social media applications, cloud computing, ecommerce and the recent...
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CAP welcomes prioritization of social protection and career advancement for Malaysia’s gig workers, raises concerns about implementation challenges

Lai Cheng July 25, 2024 0 Comments
The Consumers’ Association of Penang (CAP) lauds the announcement that the Gig Workers Commission (GWC) will prioritize social protection, contract disputes, and career advancement for the 1.16 million gig workers in Malaysia. Although it was earlier announced that the GWC Bill would be tabled in Parliament in July, it has been pushed back to October. Establishing an independent Commission is...
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Time to Reform the Pension Scheme for Elected Representatives in Malaysia

Lai Cheng June 24, 2024 0 Comments
The Consumers’ Association of Penang (CAP) urges the government to exercise its role as stewards of public trust and fiscal responsibility by continually evaluating and adapting existing pension policies to serve the best interests of all Malaysians. We call for a comprehensive review and scaling down of the pension schemes for Ministers and elected representatives, including Members of...
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Temporary Egg Subsidies Welcome, But Broader Food Security Issues Must Be Addressed

Lai Cheng June 20, 2024 0 Comments
The government's initiative to subsidize egg prices should be viewed as a temporary measure, given that long-term subsidies are not sustainable. The Consumers’ Association of Penang (CAP) supports efforts to lower food prices but urges the government to address Malaysia’s deeper, long-standing food security challenges. Malaysians consume over 940 million eggs per month, making eggs a vital...
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CAP: PRICE TAGGING LAWS MUST BE ENFORCED

Lai Cheng June 18, 2024 0 Comments
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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