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 Read more
Consumer protection is not a new phenomenon. Ever since the eighteen century, consumers have protested against the abuses of the market. They have boycotted products, protested against the abuses of the market and promoted notions of fair and honest trade. 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 Read more
Macau scams are on the rise with losses amounting to hundreds of millions of ringgit. According to Bukit Aman Commercial Crime Investigation Department (CCID), there were 5,725 cases in 2019 with losses up to RM 254.5 million. This increased to Read more
On 15th March 1962, when President John F, Kennedy moved the Bill of Consumer Rights in the American Congress, he recognised consumers has an important economic group in the American Economy. At that time he recognised four consumer rights. However, 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 Read more
The Malaysian economy is based on the market economy. In a market economy there are two key players – the seller and the buyer (consumer). (We will talk about the third player – the government later). In the market, the 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 Read more
There are two critical laws that impact consumer protection – The Consumer Protection Act, 1999 and the Competition Act, 2010. While the Consumer Protection Act protects individual consumer rights such as unfair trade practices, deceptive advertising and shoddy goods and 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 Read more