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NST : Defer compounding interest during 6-month moratorium by Datuk Dr Marimuthu Nadason

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Written by: Admin2
Category: Isu Covid19
Published: 28 March 2020
Hits: 5

NST : Defer compounding interest during 6-month moratorium by Datuk Dr Marimuthu Nadason

FOMCA fully supports the deferment of loan or financing repayments for the next six months.During the next six months, SMEs and households do not need to make their monthly fixed payments to the banks.This would be of tremendous benefits to consumers, as many are already facing job loss and diminishing incomes. Further, the fear and concern for the family is another burden weighing on the family.

Thus, the reduction of their monthly commitment will go a long way in helping many families, especially the low income but also the middle income to face this difficult health and economic crises.Families dipping into their savings to face the current crises, would have at least one less financial burden, as well as more to spend on food and other essentials.However, the interest will continue to accrue on the loans repayments that are deferred and consumers will need to honour the deferred repayments in the future.

Read more: NST : Defer compounding interest during 6-month moratorium by Datuk Dr Marimuthu Nadason

Fomca advises shoppers not to linger in supermarkets

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Written by: Admin2
Category: Isu Covid19
Published: 27 March 2020
Hits: 16

FEDERATION of Malaysian Consumers Associations (Fomca) deputy president Mohd Yusof Abdul Rahman has called on the people to plan their shopping before going out.“It is not wrong to go out to the supermarket or provision shop but list down the items required before leaving home to shorten your time outdoors or at the shops.

Read more: Fomca advises shoppers not to linger in supermarkets

FMT: Middlemen come under scrutiny as govt agrees to bring down face mask price ceiling

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Written by: Admin2
Category: Isu Covid19
Published: 27 March 2020
Hits: 6

PETALING JAYA: Putrajaya has been urged to come down hard on middlemen who hog face masks and other personal protective equipment as the country battles the spread of the Covid-19 virus, with doctors saying they have received calls from frontliners appealing for such gear amid reports of a shortage even within the medical fraternity.

Defence Minister Ismail Sabri Yaakob said today the government had agreed to lower the price ceiling for face masks to RM2.Consumers Association of Subang and Shah Alam, Selangor president Jacob George however said face masks are currently going for RM2 to RM5 each, adding that even so, they are difficult to find on the market.

Read more: FMT: Middlemen come under scrutiny as govt agrees to bring down face mask price ceiling

Avoid panic buying, restrict outside movement — NGO

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Written by: Admin2
Category: Isu Covid19
Published: 27 March 2020
Hits: 4

KUALA LUMPUR (March 17): Members of the public should look at the movement control order announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday in a positive light, and ensure that their activities are in line with the objective of containing the COVID-19 outbreak.

Federation of Malaysian Consumers Associations (FOMCA) deputy president Mohd Yusof Abdul Rahman said, as such, the public should restrict their outdoor activities and avoid panic buying.He said the objective of restricting outdoor activities is to prevent (direct) contact with other people.“In the current situation, the public should stay at home, if they need to go to the shop, it should only be to buy essential items,” he told Bernama.Mohd Yusof said people should not take advantage of the movement control order by going out for recreation as the order was meant to stop the spread of the virus.He also advised traders not to take advantage of the situation by increasing the price of goods.“The supply chain should be unchanged because so far the movement of goods is not restricted. This means that the price of goods should not increase. Traders should play their part to ensure adequate supply as in the current situation, users cannot travel far,” he said.

Read more: Avoid panic buying, restrict outside movement — NGO

FOMCA: Run on supermarts Spreading of fake news online said to have caused public to stock up on essential items

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Written by: Admin2
Category: Isu Covid19
Published: 27 March 2020
Hits: 4

PETALING JAYA: Malaysians yesterday headed to supermarkets and grocery stores in droves to stock up on essential items in the first sign of major panic buying in the country since the Covid-19 outbreak.Viral fake news purportedly from the Health Ministry “advising” Malaysians to stock up due to an imminent lockdown was believed to have contributed to the buying frenzy.Although it was a weekday, grocery stores and supermarkets saw an unusual increase of customers by between five and ten-fold throughout the day.

theSun surveyed several stores and found a continuous stream of shoppers making their way to the stores and leaving with shopping carts full of groceries. They said they were stocking up for between two weeks and a month.The top five targeted items by shoppers were toilet paper, canned food, biscuits, instant noodles and rice. While staff were seen replenishing most of the shelves, several remained empty.

Read more: FOMCA: Run on supermarts Spreading of fake news online said to have caused public to stock up on...

  1. FMT: Dip in fuel prices, MCO may see petrol stations close, says group
  2. Fomca: More help needed to sustain SMEs during MCO period
  3. FOMCA: Cost of making masks up more than 600%, says producer

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