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Use your power as a consumer! Don’t be deceived by Pyramid Schemes and Scratch & Win scams disguised as "Direct Selling". For complaints or enquiries on suspicious Direct Selling activities, contact hotline : 1-300-888-255 -- THE POWER IS YOURS – 1 CONSUMER 1 VOICE --
KUALA LUMPUR, March 12 (Bernama) -- The Domestic Trade, Cooperatives and Consumerism Ministry has received three applications to set up co-operative banks, says Minister Datuk Seri Ismail Sabri Yaakob.
 

The Companies Commission of Malaysia (SSM) is a statutory body which regulates companies and businesses in Malaysia. SSM, which came into operation on 16 April 2002, is a statutory body formed as a result of a merger between the Registrar of Companies (ROC) and the Registrar of Businesses (ROB) in Malaysia.

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The Intellectual Property Corporation of Malaysia, which is better known as MyIPO, is a statutory body under the ambit of the Ministry of Domestic Trade and Consumer Affair. This corporation is entrusted to protect intellectual property rights in Malaysia, which comprises Patent, Trade Mark, Copyright, Industrial Design, Geographical Indications and Integrated Circuit Layout Design.

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The Federation of Malaysian Consumers Associations or FOMCA is a voluntary, civic-orientated and non-profit motivated body, not affiliated with any government or political organisation. It serves as the umbrella for all registered consumer associations in Malaysia.

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The National Consumer Complaints Centre (NCCC) was established on 13 July 2004. Among the functions of the NCCC are to hear and record complaints from consumers, give advice and extend assistance in channelling these complaints to the relevant authorities such as government agencies, manufacturer, distributor or retailer.

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Perbadanan Nasional Berhad (PNS), formerly known as PERNAS, was incorporated in November 29, 1969.

In September 1996, PERNAS was privatized through a 'management buyout' (MBO) in which its selected assets were taken over by Pernas International Holdings Berhad. As a result, a new acronym, PNS, was adopted.

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The British administration in Malaya established the Cooperative Development Department (Jabatan Kemajuan Kerjasama) in 1922 with the objectives to form, register and develop cooperative societies under the Co-operative Societies Enactment [FMS Cap 97 of 1922.

The office of the Registrar of the Cooperatives Societies and the headquarters of the Cooperative Development Department then was located in Taiping, and was subsequently moved to Kuala Lumpur in 1924.

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The Cooperative College of Malaysia (CCM) is the one and only cooperative education institution in Malaysia.

It was established in 1956 and through the Parliamentary Act of 1968, was legislated. Through the act, CCM was given the responsibility to provide relevant training and education to the country's cooperative movement.


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By Melati Mohd Ariff

In conjunction with the World Consumer Rights Day on March 15

KUALA LUMPUR, March 12 (Bernama) -- Nearly 50 per cent of credit card holders declared bankrupt were under 30 years of age, according to figures from Bank Negara Malaysia (BNM).