Consumers Association of Penang
GIVING VOICE TO THE LITTLE PEOPLE…SINCE 1970
The Consumers Association of Penang (CAP) calls on Bank Negara Malaysia (BNM) to ensure that banks do not impose any interest charges/profit on hire-purchase loans and fixed-rate Islamic financing of the B40 and M20 groups for the six-month moratorium period. Interest charges have already been calculated upfront in the loans. These are extraordinary times. Many …
Continue reading “Banks should put peoples’ welfare before profits”
Penang Enforcement Chief, Chin Ching Chuang, from the Ministry of Domestic Trade and Consumer Affairs, yesterday reported in the local daily, that the durian sellers in Macalister Road were slapped with two compounds amounting to RM2,000. The sellers were compounded for displaying misleading prices and not displaying prices in the national language. The routine surveys …
The Consumers’ Association of Penang (CAP) is pleased to know that our Prime Minister Tun Dr Mahathir Mohamad has stated that the tabling of the Consumer Credit Act will be expedited to this year. Last month when the BNM Governor, Datuk Nor Shamsiah Mohd Yunus, had stated that a Consumer Credit Act could finally be …
Continue reading “Consumer Credit Act: Sooner is even better”
The Consumers Association of Penang (CAP) is shocked with the pre-empted announcement by the Minister of Finance even before the scheduled budget dialogue which is to be held on 27th June 2019, that the long awaited inheritance tax would not be implemented. This would only contribute to the worsening of the inequality between the haves and the have-nots. Many governments …
The Consumers’ Association of Penang (CAP) calls on the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) to put any immediate freeze and stop cement players from imposing a price increase on cement. Cement is listed as a “scheduled control goods” in KPDNHEP’s website dated 2019. However according to a 2008 news report the then …
Continue reading “CAP: Freeze any increase in cement prices”