Category: Financial Literacy EN

The TYRANNY OF THE MAJORITY is a problem in democracies. Does the majority listen to the minorities whose rights are trampled on? Do you expect the minority to keep quiet and accept the so-called march of progress when fishermen's livelihoods are destroyed or affected like in the Penang Reclamation projects? Do you expect the minorities in Malaysia or anywhere to just keep quiet and accept...

We are talking about the economic, legal, planning and other systems that favour the rich and marginalise the poor. These also include huge development, infrastructural, land reclamation and other projects People and livelihoods are displaced and tribals lose their lands, etc. This has led to so much inequality, suffering and violence. All at the expense of the majority, climate change and the...

The Consumers’ Association of Penang (CAP) warns consumers not to take the issue of moratorium offered by banks lightly. According to Bank Negara Malaysia, any appeal for extension after the current six-month period will be based on the restructuring of the loan on a case-to-case basis by the respective banks. We urge consumers who really need to restructure their loan to approach their...

Excuses, Excuses All of us have been guilty of making foolish purchases at one time or another. Perhaps yours was the evening dress which you bought at a sale a year ago, but never wore because the colours were a bit too loud. You were never particularly keen on the dress but your friends insisted that it was a good bargain and that the colours were not bright but “fashionable”. Now, every...

The Consumers’ Association of Penang urges the Penang state government not to ease the pricing rules on foreigners who wish to own properties in the state. We are of the opinion that the government’s objective to revive the Covid-19 pandemic-affected real estate sector is a bad decision. We welcome the Penang government’s lowering the prices of affordable homes by 10 per cent for...