‘Trade deal unlikely to ease cost of living’
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PETALING JAYA: The reduction in US tariffs on Malaysian exports is a win for trade, but it would not ease the cost of living for consumers anytime soon, said the Federation of Malaysian Consumers Association (Fomca).
Its president Dr Saravanan Thambirajah pointed out that domestic policies, not foreign tariffs, are what shape household expenses.
He said the cut from 25% to 19% would boost export competitiveness and job stability but any relief for consumers would be indirect and gradual.
“The US tariff cut on Malaysian exports is mainly a trade move, with little direct effect on prices of domestic goods since it applies to exports, not imports,” he told theSun.
“As such, Malaysian consumers are unlikely to see an immediate drop in retail prices. But if it helps exporters maintain or grow market share, the resulting stability in jobs and incomes could indirectly support purchasing power over time.”
Saravanan said key cost-of-living pressures – food, housing, energy and transport – are driven by domestic policies, commodity prices and currency strength, not external tariffs.
‘Nuclear energy can wait’
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Govt should invest in other sustainable options first, say groups
PETALING JAYA: Malaysia should focus on developing safer, sustainable sources of energy production before even considering nuclear power, say interest groups.
“While nuclear energy is often classified as clean based on greenhouse gas emissions, this assessment overlooks other critical environmental parameters like radioactivity, toxicity and long-term environmental impact.
“When we measure nuclear energy together with these environmental parameters, we will see that it is not as clean as claimed by certain parties,” he said, adding that public acceptance of nuclear energy is low.
The 13th Malaysia Plan (13MP), which was unveiled on Thursday, stated that the government was considering the possibility of introducing nuclear energy as a clean energy source.
It also pointed out that the government would focus on developing and upgrading sustainable energy production infrastructure across the country, which include hydrogen hubs in Terengganu and east Malaysia.
FOMCA sambut baik pengumuman PMX, dapat ringankan kos sara hidup
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Gabungan Persatuan Pengguna Malaysia (FOMCA) mengalu-alukan pengumuman oleh Perdana Menteri Anwar Ibrahim khususnya perluasan bantuan tunai Sumbangan Asas Rahmah (SARA) kepada semua warganegara dewasa berumur 18 tahun ke atas.
Ketua Pegawai Eksekutif FOMCA, Dr Saravanan Thambirajah berkata pemberian tunai sekali bayar RM100 mulai 31 Ogos ini melalui MyKad dan boleh dibelanjakan di lebih 4,100 premis runcit itu sudah tentu memberi manfaat kepada kira-kira 22 juta rakyat Malaysia.
“Pemberian ini mengiktiraf realiti semasa bahawa tekanan kos sara hidup bukan lagi isu golongan berpendapatan rendah saja, malah turut membelenggu kumpulan pertengahan.
“FOMCA menyambut baik pelbagai inisiatif diumumkan Perdana Menteri hari ini yang dapat meringankan beban kos sara hidup rakyat termasuk pemberian bantuan tunai RM100 secara one-off, penurunan harga petrol RON95, pembekuan kadar tol serta peluasan program Jualan Rahmah Madani,” katanya dipetik laporan BH.
Mengulas penurunan harga petrol RON95 kepada RM1.99 seliter, FOMCA menyifatkan ia sebagai langkah yang memberi impak langsung kepada berjuta pengguna, khususnya pekerja muda dan komuniti ekonomi gig.
Read more: FOMCA sambut baik pengumuman PMX, dapat ringankan kos sara hidup
Perluasan bantuan tunai langkah inklusif yang tepat- FOMCA
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KUALA LUMPUR: Langkah kerajaan memperluaskan bantuan tunai Sumbangan Asas Rahmah (SARA) kepada semua warganegara dewasa berumur 18 tahun ke atas tanpa mengira tahap pendapatan satu usaha inklusif yang tepat pada masanya.
Ketua Pegawai Eksekutif Gabungan Persatuan Pengguna Malaysia (FOMCA), Dr Saravanan Thambirajah, berkata bantuan yang akan diagihkan mulai 31 Ogos ini melalui MyKad dan boleh dibelanjakan di lebih 4,100 premis runcit itu sudah tentu memberi manfaat kepada kira-kira 22 juta rakyat Malaysia.
"Pemberian ini mengiktiraf realiti semasa bahawa tekanan kos sara hidup bukan lagi isu golongan berpendapatan rendah saja, malah turut membelenggu kumpulan pertengahan,"
"FOMCA menyambut baik pelbagai inisiatif diumumkan Perdana Menteri hari ini yang dapat meringankan beban kos sara hidup rakyat termasuk pemberian bantuan tunai RM100 secara one-off, penurunan harga petrol RON95, pembekuan kadar tol serta peluasan program Jualan Rahmah Madani," katanya ketika ditemui BH, hari ini.
Mengulas penurunan harga petrol RON95 kepada RM1.99 seliter, FOMCA menyifatkan ia sebagai langkah yang memberi impak langsung kepada berjuta pengguna, khususnya pekerja muda dan komuniti ekonomi gig.
Read more: Perluasan bantuan tunai langkah inklusif yang tepat- FOMCA
What’s next after one-off cash aid?
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PETALING JAYA: The special targeted relief announced by Prime Minister Datuk Seri Anwar Ibrahim must be complemented by long-term strategies to support those in need, says the Federation of Malaysian Consumers Associations (Fomca).
Its vice-president Datuk Indrani Thuraisingham said while Fomca welcomes the measures, including the one-off RM100 cash assistance for eligible individuals and the adjustment of RON95 ceiling price, the impact of such initiatives remains limited due to its one-time nature and the escalating cost of basic goods and services.
“In the long term, Malaysia needs a more resilient and inclusive economic model that puts the welfare of ordinary consumers at the centre of policy-making.
“While short-term aid is necessary during times of economic uncertainty, it must be complemented by structural reforms that reduce cost burdens, protect vulnerable groups including the lower middle class segments, and ensure a fairer distribution of national wealth,” she said when contacted yesterday.
Yesterday, Anwar announced several key initiatives as part of the Madani government’s appreciation for the people, including a one-off RM100 Sara aid via MyKad for all Malaysian adults, postponement of toll rate hikes for 10 highways, and a lower subsidised RON95 petrol price of RM1.99 per litre.
Kathleen Chem, an associate director in Fitch Ratings’ Sovereigns team, said: “Fitch estimates the total cost of these measures at RM2.3bil, or about 0.1% of GDP, which we believe can be accommodated within the Budget 2025 target of 3.8% of GDP.
Fomca welcomes RM100 one-off aid, urges stronger price control and wise spending
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GEORGE TOWN: The Federation of Malaysian Consumers Associations (Fomca) has welcomed the series of initiatives announced by Prime Minister Datuk Seri Anwar Ibrahim aimed at easing the cost of living burden for Malaysian consumers.
These include the one-off RM100 cash assistance under the Sumbangan Asas Rahmah (Sara) programme, the reduction in RON95 petrol prices, the decision to maintain current toll rates across major highways, and the expanded reach of the Jualan Rahmah Madani programme.
Its chief executive officer Dr Saravanan Thambirajah, said Fomca viewed the RM100 one-off assistance as a timely and inclusive step, especially given the persistent pressure of food prices despite the overall inflation rate remaining low.
"The government's move to extend this assistance to all adult citizens aged 18 and above, regardless of income level, is unprecedented and signals recognition that the cost-of-living crisis is affecting not just the lower-income group but also the middle class.
"This broad-based approach is commendable and shows the government's responsiveness to the realities on the ground," he told the New Straits Times.
Read more: Fomca welcomes RM100 one-off aid, urges stronger price control and wise spending
FOMCA calls for tougher action on electricity theft amid RM4.8 billion losses
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ELECTRICITY theft in Malaysia must be treated as a major economic and criminal issue, not merely a technical violation, said the Federation of Malaysian Consumers Associations (FOMCA), following revelations of RM4.8 billion in losses linked to illegal bitcoin mining activities between 2018 and mid-2024.
FOMCA’s chief executive officer, Dr T. Saravanan, called for immediate and decisive action from the government, regulators and Tenaga Nasional Berhad (TNB), including the adoption of smart technologies such as real-time monitoring and data analytics to detect unusual electricity usage.
“Enforcement efforts must be intensified, not only targeting the operators of illegal mining farms but also extending legal accountability to landlords, enablers and financiers who profit from or facilitate these activities,” he said in a statement.
Dr Saravanan stressed the need for urgent reform of existing laws to ensure penalties are proportional to the scale of the offence.
Read more: FOMCA calls for tougher action on electricity theft amid RM4.8 billion losses
Dewan Rakyat lulus RUU Kredit Pengguna 2025, suruhanjaya pantau sektor kredit tidak terkawal secara berfasa
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KUALA LUMPUR: Rang Undang-Undang (RUU) Kredit Pengguna 2025 yang bertujuan melindungi kepentingan pengguna kredit di negara ini mendapat kelulusan Dewan Rakyat hari ini.
RUU itu dibentangkan bagi bacaan kali kedua dan ketiga oleh Timbalan Menteri Kewangan, Lim Hui Ying hari ini dan dibahaskan 23 Ahli Parlimen.
Menurut Hui Ying, sebaik sahaja diwartakan, RUU itu akan memperkenalkan pengawalseliaan bersepadu secara berperingkat, mengambil kira tahap kesiapsiagaan industri serta keupayaan Suruhanjaya Kredit Pengguna yang akan ditambah baik secara berfasa.
Katanya, suruhanjaya itu akan melaksanakan tugas pengawalseliaan secara berperingkat, bermula dengan penyedia kredit yang kini tidak berada di bawah seliaan mana-mana pihak berkuasa, sebelum pemusatan sepenuhnya dijangka berlaku menjelang tahun 2031.
"Fasa pertama akan menyaksikan suruhanjaya mengawal selia semua perniagaan kredit dan penyedia perkhidmatan kredit yang tidak dikawal selia ketika ini.
Fomca calls for major policy shift
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PETALING JAYA: Malaysia’s middle class is being squeezed out of national policymaking, despite bearing the brunt of rising costs and shrinking financial buffers, says the Federation of Malaysian Consumers Associations (Fomca).
Fomca chief operating officer Nur Asyikin Aminuddin said while public aid and subsidies are typically directed at the B40 group, the M40 – those earning between RM5,000 and RM10,000 monthly – are increasingly caught in a financial bind. The middle class is battling inflation, rising living costs and fading financial safety nets.
“They’re too ‘rich’ for aid but not rich enough to withstand economic shocks. Their commitments – housing loans, education, insurance and care for ageing parents aren’t factored into current income-based assessments. They’re trapped in survival mode.”
Nur Asyikin said Fomca has received more complaints from M40 households, especially since the Sales and Service Tax (SST) was raised to 8%.
She said it has driven up service costs in logistics, repairs and professional fees – putting further pressure on household budgets.
Govt mulls ‘AI generated’ label under Online Safety Act, says Fahmi
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PETALING JAYA: All artificial intelligence-generated content may have to be labelled as “AI generated”, says communications minister Fahmi Fadzil.Fahmi said the government was considering the move under the Online Safety Act 2024, which is expected to come into force by the end of this year, Bernama reported.He said the move was crucial to address the misuse of AI, especially on social media platforms for purposes such as scams, defamation, and identity impersonation.“We may consider this requirement, for example, under the Online Safety Act, which is expected to come into effect by the end of this year.
“We also believe platforms must be proactive in labelling AI-generated content as such,” he said at a press conference after attending an event in Bangsar, Kuala Lumpur, today.
Read more: Govt mulls ‘AI generated’ label under Online Safety Act, says Fahmi
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