Fine-tuning e-Commerce act to protect consumers in 2010

Online Payment

We have came across this news article from Bernama.com, Malaysian National News Agency, from CK Wong’s twitter last week.

We think it is good to share with fella Trosians. The act helps to boost consumers’ confident to shop online. The Electronic Commerce Act to protect consumers will reduce the fraud and phishing cases in our country. Trosworld, one of the shopping portals in Malaysia, will be serious considering the act and to work on new features to protect our buyers, as well as our sellers.

To read the article, please read more…

PETALING JAYA, Dec 22 (Bernama) — The Electronic Commerce Act will be fine-tuned by inserting more information to protect consumers who conduct business transactions using the Internet, Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said on Tuesday.

He said the insertions would be brought to Parliament for tabling in March next year.

“This has to be done because currently, in terms of action, penalty, etc, they are under the Consumers Protection Act,” he told reporters after opening the Cooperative College of Malaysia’s (MKM) Open Day and a discourse on business through the Internet at the college here.

Earlier in his speech, Ismail Sabri expressed the need for cooperative movement to keep abreast with current development in Information Communication and Technology (ICT).

“Today, the cooperative movement should be able to carry out business using the Internet and portal,” he added.

He said with ICT development, especially Internet, it had opened a new dimension and medium for business in Malaysia and the world.

“Previously, Air Asia monopolises ticket sales through the Internet. Now, more companies are using the Internet for their business transactions and this phenomena is growing rapidly,” he added.

At the function, Ismail Sabri, handed a mock-cheque for RM30,000 from the Malaysian Cooperative Commission executive chairman Datuk Mangsor Saad to MKM.

– BERNAMA