Roeder says that enforcement alone is not enough to tackle illicit trade.
LOSS of jobs, salary cuts and reduced employment opportunities are causing financial difficulties for many consumers throughout Malaysia and this situation is set to fuel illicit trade exponentially, said global consumer advocacy group Consumer Choice Center (CCC) in a statement today.
The comment from CCC came following the recent Department of Statistics Malaysia’s (DOSM) Salaries and Wages Report 2020 that found median monthly salaries and wages recording a double-digit decline of 15.6% to RM2,062. In addition, DOSM also reported that Malaysia’s unemployed graduates rose by 22.5% in 2020.
“Consumers who are affected by the credit crunch will normally find alternative ways and means to cut their spending. This will naturally open up demand for illicit products that are cheaper as they are untaxed and unregulated.
Israel comes first in global Pandemic Resilience Index
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Dubai jobs and visas: meet the remote workers who escaped a world in lockdown
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More young professionals and start-ups are choosing Dubai as their home – with newly relaxed visa rules and a fast vaccine programme among the key drivers.
The National spoke to the founder of a German homeware brand, a British software company
, and a Lithuanian travel agency, along with other digital remote workers who made the move.
Several visited during the height of Europe s winter lockdowns and have now decided to return.
“There were a lot of people who came here last autumn and stayed for several months because of the restrictions in their own countries, said Fred Roeder, managing director of London-based Consumer Choice Centre.
UAE ranks first in Arab world in handling COVID-19 pandemic, says report
2 hours ago
Ahmed Al Bashir,
Staff Reporter
The UAE ranked first in the Arab world and second globally on the list of the most resilient countries in handling and responding to the COVID-19 pandemic, according to the 2021 report of the Resilience Index for dealing with epidemics issued by the Consumer Choice Centre.
The report, which relies on available government data, aims at providing an overview of the global health system s preparedness for the COVID-19 pandemic.
It mentioned the UAE in particular, indicating that its performance was much better than all EU countries, with regard to the national vaccination programme.