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
Will Malaysian consumers suffer due to the merger of Celcom and Digi? The merger between Celcom Axiata Bhd and Digi.com would be one of the biggest mergers in the South East Asian telecoms industry. The new enlarged entity will control nearly 50% of the mobile subscriber market share. The number Read more
FOMCA, based on an online survey undertaken as well as complaints received through our National Consumer Complaints Centre (NCCC) have reported that many consumers have been negatively impacted by the increase of their medical premiums, with 42% of the respondents indicating increase of 20% to 230% on their previous premiums. Read more
The National Consumer Complaints Centre (NCCC) has recently been receiving a substantial number of complaints from consumers concerning increases in their medical insurance premiums. At this time of the pandemic, it is cruel that insurance companies would choose this time to increase their premiums. What is even extremely disappointing is Read more
Workers are consumers and consumers are workers. Unless an employee earns an income, he would not be able to spend, that is be a consumer. Unless a consumer spends, in a market economy, there will be no demand for goods and services, and thus no production of goods and services Read more
From 1st June 2021, Astro will be charging RM 5 extra for those with Astro Movies package whether consumers want the Disney and Hotstar movies package or not. It appears that Astro can “make changes to the packages” as per terms and conditions as they so wish that results in Read more
Bank Negara Malaysia has reported that household debt to gross domestic product ratio has risen to a new peak of 93.3% as at December 2020, from the previous record high of 87.5% in June 2020. According to BNM Report, household debt growth was mainly driven by car, housing and personal Read more
It has been reported that Celcom Axiata Berhad is merging with Digi.Com Berhad to create the biggest mobile service provider in Malaysia. The proposed merger would result in the emergence of ASEAN’s largest telecommunications company with an anticipated revenue of RM 50 billion with a net profit of RM 4 Read more
According to the Competition Act 2010, the goal of the Act is to “promote economic development by promoting and protecting the process of competition”. The Act also specifically states that by doing so it aims to protect the interests of the consumer. Has the Competition Act in fact protected the Read more