Bank Negara should not loosen its new car loan guidelines as suggested by the Proton Edar Dealers Association of Malaysia (Pedar).
According to news reports, Peda claims that members’ income have been affected because with the new guidelines, only 30% of the potential car buyers have managed to secure hire-purchase loans.
However there are good reasons why the guidelines are needed and must continue to be implemented.
The Consumers Association of Penang calls on the Ministry of Domestic Trade, Cooperatives and Consumerism to immediately enforce the Price Control and Anti Profiteering Act 2011 on shops, restaurants and coffee shops who are charging exorbitantly for drinking water. The Ministry should not wait for consumers to report being overcharged but use its powers under the Act to take action against the unscrupulous parties.
Malignant transformation is a slow process. Children's ability to detoxify environmental chemicals is not fully developed. They lack certain mechanisms possessed by adults that enhance the removal of toxic chemicals from the body.
Thus children's exposures to environmental carcinogens must be minimised.
Highest loss of productivity from mental health disorders.
A recent report released by the World Health Organisation (WHO) on ‘Depression and Other Common Mental Disorders estimates that in 2015 there were over 1.1 million cases of depressive disorders in Malaysia. The report further states that depression is a major contributor to suicide deaths accounting for 800,000 or 1.5% of all deaths globally. If we extrapolate this estimate locally, in 2015 out of the over 155,000 deaths recorded in Malaysia about 2300 could have been due to suicide. Unfortunately there are no published statistics on suicides in Malaysia.
Depression is ranked by WHO as the single largest contributor to disability. Globally the total number of people with depression was estimated at 322 million in 2015, equivalent to 4.4% of the global population. The total estimated number of people living with depression increased by 18.4% between 2005 and 2015.