Robbed of hard-earned sen - News Summed Up
Robbed of hard-earned sen

Robbed of hard-earned sen

July 23, 2021 00:00 UTC

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Robbed of hard-earned sen


I HAVE always wanted to highlight the “rounding” mechanism (to the nearest multiple of five sen) for over-the-counter payments that was implemented by the government on April 1, 2008. Through the rounding mechanism, the total amount of a bill ending in one, two, six and seven sen will be rounded down while the total bill ending in three, four, eight and nine sen will be rounded up to the nearest multiple of five sen. I have been paying most of my bills online, and I have noticed many statements showing a “rounded” total amount. Thirdly, for those who pay their bills online, they should pay the amount to the very sen and not the rounded-up sum. Until then, we, the rakyat, are being robbed daily of our hard-earned sen.MARTIN GOMES ,Melaka


Source: The Star July 23, 2021 00:00 UTC



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