Flight cancellations: refund means returning customers’ money – Sothi Rachagan
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21 Oct 2020 9:00AM
The law doesn’t exempt airlines from issuing reimbursements, only compensation
SINCE the outbreak of the Covid-19 pandemic, there has been a huge number of flight cancellations.
The latest Waypoint Report of the Malaysian Aviation Commission (Mavcom) informs that airlines are adjusting their seat capacities weekly due to uncertainties in travel demand and restrictions.
Even as early as June, 29.6 million seats had been cancelled, representing 35.4% of Malaysian carriers’ total seat capacity.
Foreign carriers operating to and from Malaysia had also cancelled 9.2 million seats (33.6% of total seat capacity).
Cancellations occur as a result of either the airlines or the passenger deciding to not fly.
An airline’s decision to do so may be due to a temporary loss of landing rights because of a lockdown or it is economically not viable for the airline to proceed with the flight.
A passenger’s decision may be due to quarantine restrictions, cancellation of an event for which the flight was booked, or simply fear of travel due to the pandemic.
Read more: Flight cancellations: refund means returning customers’ money – Sothi Rachagan
Rice and grain prices found to be most stable over last decade
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October 21, 2020 7:45 AM
PETALING JAYA: Stable food prices are an important aspect in ensuring national food security, as fluctuations due to supply chain disruptions and spikes in demand, intensified during times of crisis, can cause prices to rise beyond the reach of vulnerable communities.
Research has shown how volatile the prices of certain household staples can be, with changes reflective of market instabilities.
Using data from KPMG that drew on food prices between 2010 and 2017, rice and flour were found to be the most stable commodities, with the price of seafood, cooking oil and vegetables varying wildly over the same time period.
The annual price volatility of rice was around 1%, with flour and other cereal prices fluctuating a little over 5%.
On the other hand, fish prices varied by as much as 48% over the same period, while vegetables and cooking oil saw fluctuations of over 30%.
Research also showed that prices of beef and poultry products fluctuated by up to 50% and 8%, respectively.
Read more: Rice and grain prices found to be most stable over last decade
Gangguan air kerap gugat keyakinan pengguna, pelabur
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Oktober 20, 2020 @ 4:18pm
SHAH ALAM: Kekerapan masalah gangguan bekalan air di negeri ini dikhuatiri boleh menggugat keyakinan pengguna dan pelabur terhadap sistem pengurusan air negeri.
Pengerusi Persekutuan Pengilang-Pengilang Malaysia (FMM), Jacob Lee, berkata gangguan bekalan air dilihat bukan sahaja membebankan pengguna individu, bahkan operasi syarikat, sekali gus berupaya memberi kesan kepada ekonomi.
Sehubungan itu, Lee mendesak kerajaan Selangor untuk mengambil tindakan segera bagi melindungi sumber air bagi memastikan bekalan air berterusan.
"Menuju ke tempoh akan datang ini, pembekal air harus menggunakan teknologi lebih canggih untuk menguruskan rangkaian bekalan dan sumber air.
"Keseluruhan rantaian bekalan air harus ditingkatkan dengan penggunaan teknologi tinggi bagi mengelakkan sebarang pencemaran atau gangguan pada masa depan.
Read more: Gangguan air kerap gugat keyakinan pengguna, pelabur
Malaysia ranked third in Asia on retirement income index
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Tuesday, 20 Oct 2020 11:50 AM MYT
KUALA LUMPUR, Oct 20 — Malaysia’s retirement income system has been ranked third in Asia and 19th overall by the 12th annual Mercer CFA Institute Global Pension Index, a study of 39 retirement income systems across the globe which cover almost two-thirds of the world’s population.
However, Malaysia’s overall index value fell slightly from 60.6 in 2019 to 60.1 in 2020 due to several small movements in the sustainability sub-index, Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, said in a statement today.
“Of the study’s three sub-indexes, Malaysia scored highest for integrity (78), followed by sustainability (58.6) and adequacy (50.1). The global average sits at 71.3 for integrity, 50 for sustainability, and 60.8 for adequacy,” it said.
The 2020 Global Pension Index, which measures each retirement system through three sub-indices, namely sustainability, adequacy and integrity, includes two new systems — Belgium and Israel.
The report stated that Malaysia is ranked 13th for sustainability which measures the likelihood a system will be able to provide benefits into the future; 18th for integrity which considers factors such as regulation, governance, communication and operating costs; and 31st for adequacy which looks at benefits, system design, levels of savings, and home ownership among others to determine its ability to provide adequate retirement income.
Read more: Malaysia ranked third in Asia on retirement income index
Guru rugi RM105,461 terpedaya sindiket pinjaman tak wujud
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Oktober 20, 2020 @ 9:50am
SEREMBAN: Seorang guru wanita di sini kerugian RM105,461 angkara terpedaya dengan sindiket pinjaman tidak wujud, selepas membuat 30 kali transaksi di internet.
Ketua Jabatan Siasatan Jenayah Komersial (JSJK) Ibu Pejabat Polis Kontinjen (IPK) Negeri Sembilan, Superintendan Aibee Ab Ghani, berkata mangsa berusia 36 tahun itu terpedaya dengan sindiket terbabit 24 Ogos lalu.
Katanya, pada hari kejadian jam 7 malam ketika berada di No 91, D CHU Ward, Bahau Jempol, dekat sini, mangsa melayari Facebook.
"Mangsa terbaca satu pautan iaitu Rakan Mas Credit Finance dan tertarik dengan tawaran itu serta bersetuju membuat pinjaman RM10,000.
"Dia kemudian menghantar salinan kad pengenalan dan slip gaji melalui aplikasi WhatsApp kepada dua individu iaitu bernama Elwin di nombor 0111-51503204 dan Allen di nombor 013-9650255.
"Tidak lama selepas menyerahkan dokumen itu, mangsa diberitahu pinjaman diluluskan, namun dia perlu membuat bayaran bagi duti setem, bayaran kewangan, yuran pemprosesan, yuran perjanjian dan internet," katanya di sini, hari ini.
Read more: Guru rugi RM105,461 terpedaya sindiket pinjaman tak wujud
70% of Malaysians need financial literacy support – Survey
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20 October 2020
A SURVEY conducted by financial education platform, Multiply reveals that almost 70 per cent of Malaysians are in need of financial literacy support.
In a statement today, the platform said the survey also revealed that only 31 per cent of the respondents were considered as “Money Boss” − someone who understands basic financial concepts well.
“This year has turned out to be an extraordinarily challenging year in terms of personal finance. It is not surprising that many Malaysians are concerned about their financial position.
“However, it is not all doom and gloom. A healthy 53 per cent of respondents plan their budgets in advance, 31 per cent have basic insurance in the event of a vehicle accident, and 52 per cent have some form of savings for rainy days,” it said.
The survey attracted 3,333 responses, of which 21 per cent were “Finance Newbies” − those who did not know the basics of personal finance, while another 48 per cent were ranked as “Finance Cadets” − those who had just started to grasp the basics of personal finance.
It said budgeting and savings were cited as areas where they needed most help, with 41 per cent of the respondents finding it difficult to manage their monthly salaries and constantly worried about having enough to sustain themselves until their next paycheck.
Read more: 70% of Malaysians need financial literacy support – Survey
Golongan terjejas COVID-19 masih boleh mohon bantuan pembayaran semula - BNM
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20 Oktober 2020
KUALA LUMPUR: Bank Negara Malaysia (BNM) telah memberi jaminan kepada peminjam bahawa bantuan pembayaran balik akan kekal tersedia untuk peminjam yang pendapatannya terjejas akibat pandemik COVID-19.
Menurut BNM, bergantung kepada keadaan peminjam, mereka yang terjejas ini biasanya meminta pengurangan ansuran pembayaran balik bulanan atau lanjutan moratorium.
"Peminjam yang menolak bantuan pembayaran balik sebelum ini, masih boleh memohon bantuan bersasar sepanjang 2020 sehingga ke 2021 jika keadaan kewangan mereka berubah pada masa akan datang," katanya dalam satu kenyataan hari ini.
Skala bantuan pembayaran balik yang disasarkan tidak pernah berlaku dalam sejarah perbankan Malaysia kerana bantuan terus ditawarkan kepada peminjam di pelbagai kumpulan pendapatan, dengan pertimbangan khas diberikan kepada isi rumah dalam kategori B40, perniagaan mikro serta peminjam yang terjejas akibat sekatan pergerakan.
Read more: Golongan terjejas COVID-19 masih boleh mohon bantuan pembayaran semula - BNM
Time to Enforce Single Pricing in Malaysia - FOMCA
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16 Oktober 2020 | 10.54 am
Although the Price Control and Anti Profiteering Act was amended in Parliament in August 2017 to make single pricing mandatory, the culture of ++ in pricing is still widely prevalent in Malaysia.
This culture of pricing ++ must be eliminated. If in the restaurant, the menu states RM 15 for a product, then that is what the consumer should pay. The customer should not need pay extra; that is plus 10% service charge and 6% service tax, resulting in actual payment of RM 17.40, an addition of RM 2.40 or 16% above the advertised price.
This also includes hotels and all other products and services. Hidden prices should be eliminated. The consumer should have clear knowledge of the actual price, so that he can decide accurately whether he can afford and wants to purchase at that price, or maybe check out other competitor’s prices to see if he can get a better deal.
According to the amendments of the Price Control and Anti Profiteering Act, Section 10B and 10C of the Act mentions that a trader must display, advertise, publish or quote the prices of goods and services that includes all Government taxes, duties and charges. That is to put simply, what you see is what you pay; there are no additional charges in the bill.
Read more: Time to Enforce Single Pricing in Malaysia - FOMCA
Go Auto, SIRIM sign MoU for research of batteries, green vehicle tech, rapid prototyping, IoT devices
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Go Automobile Manufacturing and SIRIM signed a memorandum of understanding today for a long-term strategic collaboration and partnership between the two parties. The memorandum was signed by executive director of Go Auto Group, Datuk SM Azli SM Nasimuddin Kamal on behalf of Go Automobile Manufacturing and president and group CEO of SIRIM, Prof Ir Dr Ahmad Fadzil Mohamad Hani.
Among the areas of collaboration between SIRIM and Go Auto are the development and improvement of lithium-ion-based rechargeable batteries towards their eventual replacement of lead-acid batteries in the automotive market, as well as the development of green and connected vehicle technologies.
Other areas also include the development of Industry 4.0 technologies such as rapid prototyping and 3D-printing, Internet of Things (IoT)-based devices, as well as vehicle type approval testing facilities in e-mobility as required by the Road Transport Department (JPJ) and the Ministry of International Trade and Industry (MITI).
“Go Auto is thrilled with the collaboration with SIRIM, as they have over 40 years of experience and expertise in research and technology development in the nation. Their advantages in the field of research and development, in addition to ensuring industry standards and quality makes them our idyllic partner,” said Datuk Azli.
Air Selangor diminta pertimbang ganti rugi kepada pelanggan
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Oktober 18, 2020 @ 10:49am
KUALA LUMPUR: Pengurusan Air Selangor Sdn Bhd (Air Selangor) perlu mempertimbangkan pemberian ganti rugi kepada pelanggan yang terjejas setiap kali berlaku gangguan bekalan air.
Presiden Forum Air Malaysia, Saral James Maniam, berkata ganti rugi adalah wajar kerana pengguna terpaksa berdepan pelbagai kesulitan sepanjang gangguan bekalan kemudahan berkenaan.
"Inilah masanya Air Selangor mempertimbangkan pemberian ganti rugi akibat gangguan air kepada penggunanya. Situasi yang sering dihadapi pengguna air di Selangor dan Kuala Lumpur begitu mengecewakan.
"Tambahan pula ramai terkesan kerana kehilangan pekerjaan, pendapatan dan peluang perniagaan disebabkan pandemik COVID-19. Dengan Perintah Kawalan Pergerakan Bersyarat (PKPB) ketika ini, penduduk terbeban pula dengan gangguan bekalan air," katanya dalam satu kenyataan, hari ini.
Kebelakangan ini, gangguan bekalan air beberapa kali berlaku di sekitar Lembah Klang, terbaru pada malam tadi apabila Loji Rawatan Air Sungai Selangor Fasa 1 (LRA SSP1) terpaksa dihenti tugas separa untuk kerja-kerja pembaikan paip menyalurkan bekalan air terawat yang bocor.
Read more: Air Selangor diminta pertimbang ganti rugi kepada pelanggan
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