FOMCA calls for national unity, resilience as Malaysia faces global energy upheaval
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Consumer federation backs the Prime Ministerโs appeal for patience amid rising fuel and living costs, urging coordinated action from households, businesses, and authorities
THE Federation of Malaysian Consumers Associations (FOMCA) has urged Malaysians to remain united, resilient, and patient in the face of mounting pressures from a turbulent global energy environment.
The federation has expressed its support for Prime Minister Datuk Seri Anwar Ibrahimโs call for public preparedness as geopolitical tensions, disruptions in global supply chains, and volatile energy markets drive up costs worldwide.
https://www.thevibes.com/articles/news/121401/fomca-calls-for-national-unity-resilience-as-malaysia-faces-global-energy-upheaval
Read more: FOMCA calls for national unity, resilience as Malaysia faces global energy upheaval
SIARAN MEDIA: FOMCA SERU KETAHANAN, KESABARAN DAN PERPADUAN HADAPI CABARAN TENAGA GLOBAL
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Gabungan Persatuan-Persatuan Pengguna Malaysia (FOMCA) menyokong seruan Perdana Menteri, Datuk Seri Anwar Ibrahim agar rakyat Malaysia bersedia menghadapi landskap tenaga global yang semakin mencabar. Keadaan semasa dipengaruhi oleh faktor di luar kawalan negara seperti ketegangan geopolitik, gangguan rantaian bekalan global serta ketidaktentuan pasaran tenaga, yang menyumbang kepada peningkatan kos di seluruh dunia.
FOMCA mengakui bahawa perkembangan ini akan memberi kesan langsung kepada kos sara hidup, khususnya melalui kenaikan harga bahan api, tarif elektrik serta harga barangan dan perkhidmatan. Dalam menghadapi tekanan ini, rakyat Malaysia perlu kekal tenang, berdaya tahan dan bersabar ketika negara mengharungi tempoh ketidaktentuan ini.
Read more: SIARAN MEDIA: FOMCA SERU KETAHANAN, KESABARAN DAN PERPADUAN HADAPI CABARAN TENAGA GLOBAL
PRESS RELEASE: FOMCA URGES RESILIENCE, UNITY AND PATIENCE AMID GLOBAL ENERGY CHALLENGES
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The Federation of Malaysian Consumers Associations (FOMCA) supports the call by Prime Minister Datuk Seri Anwar Ibrahim for Malaysians to brace for an increasingly challenging global energy landscape. The current situation is shaped by factors beyond Malaysiaโs control, including geopolitical tensions, global supply disruptions, and volatility in fuel and energy markets, all of which are contributing to rising costs worldwide.
FOMCA acknowledges that these developments will inevitably affect the cost of living, particularly through higher fuel prices, electricity tariffs, and the prices of goods and services. In facing these pressures, Malaysians must remain calm, resilient, and patient as the country navigates this period of uncertainty.
Read more: PRESS RELEASE: FOMCA URGES RESILIENCE, UNITY AND PATIENCE AMID GLOBAL ENERGY CHALLENGES
BNM should mandate a living wage for all banks, says ex-MP
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PETALING JAYA: Former Klang MP Charles Santiago has called on Bank Negara Malaysia (BNM) to mandate a living wage across the banking sector, saying that a minimum wage policy alone is insufficient to drive meaningful income growth.
Santiago referred to a report in which the central bank said the minimum wage, introduced in 2013, has not proportionally raised wages for middle-income workers.
Read more: BNM should mandate a living wage for all banks, says ex-MP
Bank Rakyat fined RM1mil over cybersecurity, customer data protection breaches
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KUALA LUMPUR: Bank Negara Malaysia imposed an administrative monetary penalty of RM1 million on Bank Rakyat for cybersecurity and customer information protection breaches on Jan 20.
BNM said Bank Rakyat was found to have breached several requirements following a cybersecurity incident in which an external threat actor gained unauthorised access to its information technology infrastructure.
Read more: Bank Rakyat fined RM1mil over cybersecurity, customer data protection breaches
Fomca urges Malaysians to spend prudently in face of rising costs
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PETALING JAYA: Malaysians should brace for a "more difficult" period of rising costs driven by global energy turmoil and to tighten their belts by prioritising essential spending, says the Federation of Malaysian Consumers Associations (Fomca).
Its president Datuk Dr Marimuthu Nadason said global conflicts, particularly in the Middle East, were pushing up transportation and production costs, which would inevitably filter down to consumers.
"Malaysians must accept that we are facing a new wave of cost pressures influenced by external factors beyond our control," he said.
Read more: Fomca urges Malaysians to spend prudently in face of rising costs
Free rides unlikely to cut car dependency, say experts
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PETALING JAYA: Poor connectivity rather than cost is keeping commuters at the wheel, making free rides on public transport unfeasible in efforts to get people to leave their cars at home, say transport experts.Ajit Johl of the Association for the Improvement of Mass Transit and transport consultant Wan Agyl Wan Hassan agree that Malaysiaโs bigger problem is not fares but weak connectivity and poor last-mile links.
โSuch a system still makes private vehicle use more attractive for many commuters,โ they told FMT.Temporary free public transport is unlikely on its own to persuade large numbers of people to leave their cars at home, they added.
Read more: Free rides unlikely to cut car dependency, say experts
Retiree threatens legal action over โexcessiveโ insurance premium hikes
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KUALA LUMPUR: A retiree has warned that he will take legal action against an insurance company and Bank Negara Malaysia (BNM) if they fail to respond to his demands over what he claims are excessive medical insurance premium hikes.
Lawyer Ng Kian Nam said his client, Wong Kee Chong, is demanding that the insurer stop imposing premium hikes beyond the ranges stated in the policy illustration; that BNM issue a permanent circular to enforce this; and that both parties explain why insured patients are charged more than cash-paying patients.
Read more: Retiree threatens legal action over โexcessiveโ insurance premium hikes
Klausa khas insurans perubatan, kesihatan usah beban pengguna
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KUALA LUMPUR: Cadangan Bank Negara (BNM) memperkenalkan klausa khas dalam pelan Insurans dan Takaful Perubatan dan Kesihatan (MHIT) perlu dipantau dengan rapi bagi memastikan pelarasan harga yang akan dilaksanakan tidak membebankan pengguna.KUALA LUMPUR: Cadangan Bank Negara (BNM) memperkenalkan klausa khas dalam pelan Insurans dan Takaful Perubatan dan Kesihatan (MHIT) perlu dipantau dengan rapi bagi memastikan pelarasan harga yang akan dilaksanakan tidak membebankan pengguna.
Ketua Pegawai Eksekutif (CEO) Gabungan Persatuan-Persatuan Pengguna Malaysia (FOMCA), Dr T Saravanan, berkata cadangan itu pada asasnya perlu disambut baik, kerana ia menyentuh isu utama yang sering dihadapi pengguna iaitu penolakan tuntutan atas alasan penyakit sedia ada.
Read more: Klausa khas insurans perubatan, kesihatan usah beban pengguna
Hidden charges, confusion among top BNPL complaints, says consumer group
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PETALING JAYA: Hidden charges, unclear terms and conditions, and difficulties resolving disputes with service providers are among the main complaints received by the National Consumer Complaints Centre (NCCC) involving 'buy now, pay later' (BNPL) services.
BNPL is often promoted as interest- and hassle-free when payments are made the following month, creating the perception that it is not a form of debt.
Read more: Hidden charges, confusion among top BNPL complaints, says consumer group
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