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Budget 2023: More needed to educate people on scams, financial literacy, says Fomca

PETALING JAYA: While the setting up of the National Scam Response Centre is good, more work needs to be done to educate people on scams and financial literacy, says the Federation of Malaysian Consumer Associations (Fomca).

Groups laud decision to maintain power tariffs

PETALING JAYA: Business groups and consumers are thankful that electricity tariffs are being kept at 39.45 sen per kilowatt hour (kWh), saying that it will lighten their burden as the nation continues to cope with challenges brought about by the Covid-19 pandemic. SME Association of Malaysia president Datuk Michael Kang said the decision would help small and medium enterprises get back on their feet after struggling to keep businesses afloat throughout the year. “It would definitely be a big help for SMEs to rebuild their business after a tough year, ” he said. The Federation of Malaysian Consumers Associations (Fomca) also welcomed the decision saying it would be beneficial for households especially those in the lower income categories.

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