FOMCA fully appreciates the perspective of YB Chang, Minister of Science, Technology and Innovation (MOSTI), that in his article “Navigating the future: Malaysia’s ethical vision” he recognises the growing impact of AI on society and the challenging balance between the pursuit of innovation and the protection of human values and Read more…
FOMCA fully supports the Prime Minister’s efforts towards display of pricing for medicines in his effort towards addressing the issue of the increasing cost of living by empowering consumers to make informed choices by comparing and choosing the best value in their medicine purchase. Currently, at almost every level, the Read more…
While the public healthcare system is relatively efficient in delivering healthcare to the rakyat; nevertheless it is overburdened. There have been clear reports of bed shortages, long waits for access to specialists and investigations and even long waits for emergency treatments. The government through the White Paper is exploring the Read more…
In the late 70’s and even 80’s it was not uncommon for physicians to assert that patients had needs not rights. The patient had a “need” and the doctor with his vast experience and training knew what was best for the patient. The patient basically had no say. The idea Read more…
The Minister of Economic Affairs believes that consumers are to blame for high food prices by continuing to purchase essentials although prices have gone up. He would suggest for example, that if chicken prices go up, stop eating chicken. According to the Malaysia Economic Monitor Report published by the World Read more…
When laws and institutions established to protect consumers fail; the consumer suffers. FOMCA expresses its gratitude to the Prime Minister for intervening in the Touch N Go saga to provide some protection to consumers by giving them a choice rather than letting the Touch N Go Monopoly abuse its position Read more…
It is indeed depressing for consumers to hear that price of essentials that is chicken and egg prices are likely to increase after February 4. Consumers are already suffering from an overall increase in prices of essentials including fruits, vegetables and fish. To further hear that prices of chicken and Read more…
Medicines are not a commodity to be based solely on supply and demand. Medicines saves lives. It is essential for the survival and recovery of consumers. Medicines cannot be dealt with as other commodities; that is the reason medicine affordability is under the Ministry of Health and not any other Read more…
The relationship of worker wellbeing and consumer wellbeing is certainly strongly interconnected. Unless the consumer has employment, he would have the income to purchase the needs for himself and his family. Thus a loss of job or loss of income would have a devastating impact on the welfare of consumers. Read more…
EPF estimates that the minimum retirement savings needed after retirement is RM 240,000 that is based on the calculation of RM 1,000 per month for 20 years. Before covid, 67% of those registered with EPF did not even have that minimum. Further, again pre covid, EPF reported that 50% of Read more…