Consumer Protection: (TTPM) Tribunal Tuntutan Pengguna Malaysia

The TPPM acts "to provide an alternative for consumers to claim for any loss suffered in respect of any goods and services purchased in a less cumbersome & speedy manner & at minimal cost". However, the TPPM only assists in cases "where the total amount does not exceed RM25,000.00".


The types of claims that may be brought by the customer before the Tribunal are cases that arise from:
a) a false claim or misleading conduct, false representation or unfair practice.

b) safety of goods & services.

c) The right against a supplier in connection with any of the guarantees implied by the Act.

d) The right against a supplier in connection with any guarantee implied by the Act in relation to services.

e) The right against a manufacturer in connection with any express guarantee on supply of goods.

f) The right against a manufacturer in connection with any guarantee implied by the Act in respect of any goods.

CRIMINAL PENALTY FOR FAILURE TO COMPLY
"Any person who after 14 days fails to comply with an award made by the Tribunal commits and offence and shall on conviction:

a) be liable to a fine not exceeding 5,000 RM or to imprisonment for a term not exceeding 2 years, or both;

b) in the case of a continuing offence, the offender shall, in addition to the penalties above, be liable to a fine not exceeding 1,000RM for each day or part of a day during which the offence continues after conviction.

More
www.malaysiaexpat.com

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Family Financial Planning

Financial budget is something you don't need to worry or fear about and make you miserable or stress because of mandatory compliance. Better, you make the financial budget as your friend rather than make it something that torment. It's mean if you go shopping to buy a clothes, it will remind you that the extend to which you can buy, also when you buy for monthly household needs it will remind you the important things to which you should or can buy.

As a housewife who responsible for family finance, you have to do a smart thing to manage your family financial such as : make a list about your family income (salary, bonus, or the other income if you have), make a list about your fix monthly expenses (electricity, telephone, and the other routine expenses), make a list about your extra expenses (cost to the Doctor, buy a clotches, shoes, donations for relatives or friends, etc), and save the rest of the money into your bank account.

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Author: Ayu at http://meinspiredwomen.blogspot.com/2009/01/family-financial-planning.html

Individuals Wanted by BNM -- Suspected for Committing Illegal Deposit Taking

Individuals Wanted by BNM -- Suspected for Committing Illegal Deposit Taking

Have You Seen These People?

Bank Negara Malaysia is offering rewards to members of the public for information that leads to the successful arrest of these individuals who are suspected for committing illegal deposit taking under the Banking and Financial Institutions Act 1989 and/or money laundering under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

Click on the following link for details:
http://www.bnm.gov.my/microsites/fraudalert/0302_seen.htm