Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

money

retirement

good news

KWSP

payout

dividend

increase rates

saving scheme

For those of us navigating the professional realm, it's common knowledge that our monthly earnings are subject to the Employee Provident Fund (EPF), a mandatory savings scheme crafted to facilitate retirement planning.
Both employees and their employers contribute a portion of the employee's salary to the EPF, with these contributions strategically invested to generate returns. The contribution percentage is determined by the monthly salary, standing at 11% for employees and 13% for employers. These contributions are then deposited into individual accounts at the end of each month. Access to these savings is granted once the individual reaches the age of 55, primarily for retirement purposes. Exceptions include situations such as permanent departure from Malaysia or specific circumstances like education, medical treatment, and housing needs.
EPF Announces Their Dividend Rates For 2023 And Syairah Savings
<img src="https://r2.myc.my/6bcd3d1a7f83a2435f5bf105113f37bb4ec4e75b0e6b8ea214720f8de9df8505" />
The Employee Provident Fund (EPF) has declared a noteworthy dividend rate of 5.5% for Conventional Savings in 2023, resulting in an impressive total payout of RM50.3 billion. Concurrently, the dividend rate for Syariah savings is set at 5.4%, culminating in a substantial total payout of RM7.5 billion.
This signifies an improvement from the previous year's dividend payout of 5.35% for conventional savings and 4.75% for Syariah accounts in 2022. Ahmad Badri Zahir, the chairman of EPF, attributes the heightened dividends to the fund's resilient performance throughout 2023, with equities playing a pivotal role in steering overall success.
According to EPF chairman Ahmad Badri Zahir, the organization's ability to deliver enhanced dividends stems from its resilient performance in 2023, where equities played a crucial role in achieving overall success. Despite facing challenges such as geopolitical tensions, elevated interest rates, inflation, and regional conflicts, the global economy demonstrated resilience, surpassing expectations. This fortuitous global performance has allowed EPF to elevate its returns.
<img src="https://r2.myc.my/e7792c70c73d0851fb6f040a245b853499d58541426e17e9770be61120f28904" /> Left: Ahmad Badri Zahir ; Right: Ahmad Zulqarnain Onn
The elevated Syariah dividend rate found its primary impetus in strategic investments within the technology sector, specifically focusing on the "magnificent seven" stocks. In the dynamic landscape of the US financial markets, the convergence of conventional and Syariah rates unfolded, driven by the exceptional performance of the 'magnificent seven.' This term encapsulates seven tech companies, including Nvidia leveraging generative artificial intelligence, as highlighted by Ahmad Zulqarnain Onn.
Ahmad Zulqarnain Onn, the Chief Executive Officer of EPF, emphasized that a significant portion of tech companies align with Syariah principles, contributing to an augmented return in the Syariah portfolio. Moreover, Ahmad Zulqarnain hinted at the lack of complete convergence between both portfolios, as one is anticipated to consistently outperform the other.
What About The Policies For Civil Servants?
<img src="https://r2.myc.my/2a4d2aebcbfd4d75511f6484773f176c72c249960b6890fdb5186e14653ca15b" />
Currently, potential adjustments to EPF contributions for civil servants are undergoing thorough deliberation and remain the subject of ongoing debates surrounding the implementation of policy changes. Ahmad Zulqarnain suggests that if this group is integrated as EPF members and the statutory body manages them, substantial alterations to EPF's operational approach are not foreseen. Moreover, the influx of civil servants entering the public sector is notably lower than the current EPF membership derived from the private sector.
In a related development, EPF assures that the contribution rate is expected to remain steadfast, following the introduction of the flexible third account proposed during the October 2024 Budget. Further intricacies about Account 3 are set to be unveiled later in April.
For those eager to review their EPF accounts, the KWSP i-Akaun app is now readily accessible. Leading up to this announcement, users had encountered issues, reporting app crashes and difficulties accessing their accounts. However, on a positive note, numerous users have also shared instances where dividend credits were promptly and accurately reflected in their accounts, highlighting a positive aspect amidst the earlier challenges.
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media, The Vibes &amp; various cross-references for context.
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Good news as we have now received  an increase in the dividend payout. 

8d6eee6d7f456b689d6d34c92db7c7ca475c0b55bc30204ece570c750d2e90e0

EPF Unveils 5.5% Dividend Rate For 2023, Including 5.4% For Syariah Savings 

Malaysian music sensation Yuna is making a highly anticipated return to the stage in her home country. After a long hiatus from solo performances in Malaysia, the internationally acclaimed artist thrilled fans with the announcement of her upcoming showcase, Etherealis.
Set to take place next month, this special two-day event promises an intimate and unforgettable experience for Yuna's devoted supporters. Sharing her excitement on Instagram, the singer wrote, &ldquo;I&rsquo;m beyond thrilled to share this with you, my Etherealis Show in Malaysia! This showcase has been a dream of mine to bring to life for you this year. I&rsquo;ve always cherished those intimate moments where I can truly connect with you, and now, I get to do that again!&rdquo;
Who is Yuna?
<img src="https://r2.myc.my/49956b8d2bdb4b0f5d80a8db70d9064e38439421d8be784bdac5062f4725220b" />
Yunalis binti Mat Zara'ai, professionally known as Yuna, is a Malaysian singer-songwriter celebrated for her unique blend of pop, R&amp;B, and soul music. Born on November 14, 1986, in Alor Setar, Kedah, Malaysia, Yuna began her musical journey by sharing her self-written songs on MySpace in 2006, quickly amassing a significant following.
Her breakthrough single, "Dan Sebenarnya," earned her four trophies at the Malaysian Music Awards, including Best New Artist and Best Song.
<iframe src="https://www.youtube.com/embed/9SGHPQ2FVm8" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
In 2012, she released her self-titled international debut album, featuring the single "Live Your Life," produced by Pharrell Williams. Yuna's collaboration with Usher on the track "Crush" in 2016 further elevated her global profile, with the song peaking at number 3 on the US Billboard Adult R&amp;B chart.
Throughout her career, Yuna has received numerous accolades. In 2016, her album "Chapters" was recognized by Rolling Stone as one of the Top 20 Best R&amp;B Albums of the year. The same year, she was honored with the title of Most Successful Malaysian Singer by the Malaysian Book of Records. In 2017, Yuna made history as the first singer from Asia to be nominated for a BET Award, receiving a nomination for the BET Centric Award for "Crush."
The Etherealis Experience
<img src="https://r2.myc.my/7568b829abb41ca323c212b8340878c7ea2e797dd617b03a653e64eb7f97ebbe" />
Prepare for a unique and cosy evening with Yuna as she brings her soulful artistry to life in an exclusive setting. Over 90 minutes, the star will take fans on a journey through her most beloved songs, including iconic hits, fan favourites, and a few hidden gems that hold personal significance.
Backed by her talented band, Yuna's magnetic stage presence and signature vocals promise to create a magical atmosphere. Designed for her biggest supporters, the showcase will offer a heartfelt and personal connection to her music.
Event Details
YUNA &ndash; Etherealis Showcase in KL
<ul>
<li>Dates: 15th (Saturday) &amp; 16th (Sunday) February 2025</li>
<li>Time: 3 PM</li>
<li>Venue: Stage 1 Theatre, PJPAC</li>
<li>Ticket Prices:</li>
<ul>
<li>VIP1 (ETHEREAL): RM785</li>
<li>VIP2 (LUMNA): RM585</li>
<li>GA1 (ASTRAL): RM485</li>
<li>GA2 (CELESTIAL): RM185</li>
</ul>
<li>Tickets: Available at YunaMusic and OneTix.</li>
</ul>
Exclusive Packages for Fans
Yuna and her team have curated special ticket packages to enhance the experience. These packages include exclusive fan benefits and limited-edition merchandise, making the event even more memorable. Fans are encouraged to act quickly, as tickets are expected to sell out. For details on ticket benefits and availability, visit her official website <a href="https://yunamusic.com/tour">here</a>.
Catch Up With her Music
Yuna's discography includes notable songs such as "Falling," "Lullabies," and "Decorate," each highlighting her soulful voice and songwriting prowess. Her ability to seamlessly blend Western musical styles with her Malaysian roots has solidified her status as an influential figure in the global music scene.
In case you missed out, she also has a relatively new EP out called &lsquo;Wasting Away&rsquo; and you can listen to it below!
<iframe style="border-radius: 12px;" src="https://open.spotify.com/embed/album/5HcEKDA1oqtglt9Llh69KD?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe>
Are you excited about Yuna&rsquo;s upcoming showcase? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Time to catch your homegirl live this 16 February! 

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Yuna Announces 'Etherealis' Showcase: A Dream Come True For Fans

Sometimes, while doomscrolling through social media, we come across people from different cultures who cleverly turn humour into a business opportunity&mdash;and that&rsquo;s precisely what we have here.
Meet Tony from China, a man working in an LED sign factory who has become one of the most viral figures in the US. His goal?
It&rsquo;s simple! All Tony wants is to sell you LED lights&mdash;and millions are eager to buy from him!
<iframe src="https://www.youtube.com/embed/Vn_dwspruhI?si=Go9AIaZG1q6VhWrm" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
&nbsp;
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Tony is a man of focus, Tony is a man of sheer will.

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[Video] Meet Tony, The Viral Sensation Taking Social Media By Storm

The looming US ban on TikTok has sparked an unexpected cultural shift: a surge in Americans learning Mandarin. Duolingo, a popular language-learning app, has reported an astounding 216% growth in new Mandarin learners compared to the same period last year. This unprecedented spike coincides with growing anxiety over TikTok&rsquo;s future, as its parent company, ByteDance, faces a government-imposed deadline of 19 January 2025 to divest its US operations or face an outright ban.
The ban stems from national security concerns, with US officials citing fears that user data could be accessed by the Chinese Communist Party. As the deadline approaches, TikTok users are taking drastic steps to stay connected with the platform's culture and content&mdash;some even migrating to a similar Chinese social app called RedNote (known in China as Xiaohongshu).
"Learning Mandarin Out of Spite?"
<blockquote class="twitter-tweet">
Learning Mandarin out of spite? You're not alone. We&rsquo;ve seen a ~216% growth in new Chinese (Mandarin) learners in the US compared to this time last year. <a href="https://t.co/9hzwBxfTgD">https://t.co/9hzwBxfTgD</a> <a href="https://t.co/qWM9f5oFYA">pic.twitter.com/qWM9f5oFYA</a>
&mdash; Duolingo (@duolingo) <a href="https://twitter.com/duolingo/status/1879582775055176008?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Duolingo's official X (formerly Twitter) account joined the conversation, posting: &ldquo;Oh, so NOW you&rsquo;re learning Mandarin.&rdquo; The app, which was the 18th most downloaded on Apple's US App Store last Thursday, has seen Mandarin outpace its traditionally popular offerings like Spanish, which saw just a 40% growth in the same period.
Other language-learning apps are also benefiting from the shift. Estonia-based Drops reported a threefold increase in users learning Mandarin, with a fivefold increase among US-based learners. Frederik Cordes, Drops&rsquo; general manager, attributes this surge to "external factors with strong contributions," referring to the impending TikTok ban.
Read: <a href="https://myc.my/articles/4065/the-tiktok-exodus-how-rednote-is-becoming-the-new-digital-playground-for-us-users">The TikTok Exodus: How 'RedNote' Is Becoming The New Digital Playground For US Users</a>
RedNote: A New Digital Frontier
As TikTok's future hangs in the balance, RedNote is quickly emerging as a popular alternative. With over 700,000 new users reportedly joining the platform in just two days, the app&mdash;designed primarily in Mandarin&mdash;has become a destination for TikTok "refugees." The influx of US users has even prompted some Chinese RedNote users to start learning English, creating a unique cultural exchange.
Social media posts highlight this phenomenon, with videos of Americans sharing their initial attempts at Mandarin garnering significant attention. In one such video, a user points to their cat, saying in halting Mandarin, &ldquo;Hello, this is my cat. I am learning Mandarin. This is day one.&rdquo; Chinese users, in turn, have asked Americans for help with English homework, fostering unexpected moments of cross-cultural connection.
Here&rsquo;s of the interactions happening online:
<blockquote class="twitter-tweet">
One of my favorite things on RedNote so far is the Chinese also making fun of how Brits say &ldquo;bottle of water&rdquo; 😂 <a href="https://t.co/wa2TyssoDO">pic.twitter.com/wa2TyssoDO</a>
&mdash; rae (@raewolff_) <a href="https://twitter.com/raewolff_/status/1879165577627095163?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
<a href="https://twitter.com/hashtag/RedNote?src=hash&amp;ref_src=twsrc%5Etfw">#RedNote</a> <a href="https://twitter.com/hashtag/TikTok?src=hash&amp;ref_src=twsrc%5Etfw">#TikTok</a> Guys, isn&rsquo;t this just how the world is supposed to be? <a href="https://t.co/muY2FNvdmF">pic.twitter.com/muY2FNvdmF</a>
&mdash; Selesha (@thebestkirin87) <a href="https://twitter.com/thebestkirin87/status/1879060981500072218?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
LMAOO I LOVE REDNOTE 😭 <a href="https://t.co/xflT7ZQevd">pic.twitter.com/xflT7ZQevd</a>
&mdash; knight (@knghtie) <a href="https://twitter.com/knghtie/status/1879972014976585832?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
My cat tax on RedNote has been accepted 🤣 <a href="https://t.co/ZdfjaGqzSD">pic.twitter.com/ZdfjaGqzSD</a>
&mdash; Zombie ✨ Free Palestine! #CeasefireNow (@Zombie_GirlieTV) <a href="https://twitter.com/Zombie_GirlieTV/status/1879163329408872512?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
I downloaded that chinese rednote app to see what americans are up to and someone called me english learning material lmaooo I love them <a href="https://twitter.com/hashtag/tiktokrefugees?src=hash&amp;ref_src=twsrc%5Etfw">#tiktokrefugees</a> <a href="https://t.co/o5YQoRAArr">pic.twitter.com/o5YQoRAArr</a>
&mdash; tudor (@tudorzeicu) <a href="https://twitter.com/tudorzeicu/status/1878766676067717274?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The Uncertain Road Ahead for TikTok
<img src="https://r2.myc.my/3e8aff720a42fc17ef0e3f0bd294cf1d4b48ea2d86a5c3699a38cce628968c0e" />
TikTok&rsquo;s US operations remain in limbo. While ByteDance has reportedly explored selling its US arm to potential buyers like Elon Musk, such rumours have been dismissed as "pure fiction." The platform has appealed to the Supreme Court to delay the ban, but if no resolution is reached, users opening the app post-ban will be greeted with a pop-up redirecting them to a website explaining the situation.
US President Joe Biden could extend the deadline by 90 days if significant progress on a deal is made, though this remains uncertain. Former President Donald Trump, who initially championed the TikTok ban, recently expressed a more conciliatory stance, suggesting he might support keeping the app operational.
A Cultural Shift in Progress
<img src="https://r2.myc.my/1f2dac2ea07607209af08864fae84464aa211f76a737c67666dcd5912cfb3e94" />
This surge in language learning represents more than a simple act of defiance; it showcases a readiness to explore new platforms and connect across cultures, even amid geopolitical tensions. Whether TikTok weathers the ban or not, the wave of Americans learning Mandarin underscores the enduring power of digital communities and their ability to adapt and thrive.&nbsp;
Now, imagine a world where native English speakers increasingly embrace Mandarin. Such a shift could foster deeper understanding, bridging divides and creating opportunities for genuine unity between communities. Language barriers have long fuelled misunderstandings and prejudice, but this movement offers a hopeful glimpse into a future where cultural exchange paves the way for harmony and mutual respect. This might just be the start of something truly transformative.
What are your thoughts on this? Let us know in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Perhaps it’s time for us Malaysians to start learning Mandarin too.

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Duolingo Mandarin Learners Surge After ‘TikTok Refugees’ Move To RedNote

Israeli Prime Minister Benjamin Netanyahu has postponed the scheduled cabinet vote on a ceasefire deal intended to halt the ongoing war in Gaza. The delay, which occurred just before a key meeting was set to take place on Thursday, has raised concerns about lingering disagreements that could potentially derail the hard-won truce. Netanyahu accused Hamas of trying to extract last-minute concessions before agreeing to the terms, which were finalised after months of mediation.
US Confidence in Ceasefire Despite Setback 
<img src="https://r2.myc.my/25aeb6f44837ca4d7169590cdc10bc992a929186a6ab3792fe386e9e00100a31" />
Despite the delay, U.S. Secretary of State Antony Blinken expressed confidence that the ceasefire, which had been brokered by the U.S., Qatar, and Egypt, would still come into effect as planned on Sunday. Blinken acknowledged that there had been "loose ends" to address, but he reassured the public that these issues were being resolved and that the ceasefire would begin without further complications. "It's not surprising that in a process as challenging as this one, we&rsquo;re tying up that loose end," Blinken stated during a press conference in Washington.
Although the ceasefire was agreed upon in principle by Israeli negotiators, it requires formal approval by the Israeli security cabinet before it can be implemented. The U.S. remains optimistic that the deal will be ratified in the coming days despite the delays.
Continued Strikes and Tensions in Gaza
<img src="https://r2.myc.my/3a2ce533c49b9031904a683539619406214bad80e1d8a9d6638485ab724a58b7" />
As Israel and Hamas work through the final details of the agreement, fighting in Gaza has continued unabated. Following the announcement of the ceasefire deal on Wednesday, Israeli airstrikes intensified, killing at least 86 people, according to Palestinian health officials. These strikes, which have targeted several locations across Gaza, have added to the mounting death toll, with more than 46,000 Palestinians reported killed since the start of the conflict.
On the ground in Gaza, a mix of anger and disbelief has spread among civilians as they continue to face the devastating impact of the ongoing military operations. For some, the announcement of the ceasefire has brought little relief, as their homes and lives are shattered by the relentless bombing.
Hamas' Conditions and the Disputed Prisoner List
<img src="https://r2.myc.my/24b1e07c8a33114492180958676a037fbec4f92ef01a90f13478e036ef08bb4d" />
The main point of contention between Israel and Hamas lies in the list of Palestinian prisoners to be released as part of the deal. While Hamas has publicly committed to the ceasefire, it has attempted to add more of its members to the list of prisoners to be freed. Israeli negotiators have resisted these demands, particularly over the inclusion of individuals viewed by Israel as "symbols of terror."
The first phase of the ceasefire agreement, which is set to last for six weeks, will see the release of 33 hostages held by Hamas in exchange for Palestinian prisoners. In addition, Israeli forces are expected to pull back from densely populated areas of Gaza, and displaced Palestinians will be allowed to return home. Humanitarian aid will also flow into Gaza, with hundreds of trucks expected to deliver vital supplies.
The delay has also highlighted divisions within Israel&rsquo;s government. National Security Minister Itamar Ben-Gvir, a hardline figure in Netanyahu&rsquo;s coalition, has threatened to resign if the ceasefire deal goes through. He labelled the agreement as "reckless" and argued that it would undo the achievements of Israel&rsquo;s military campaign. Despite this, a majority of Israeli ministers are expected to back the deal, and the cabinet is likely to vote on it by Friday or Saturday.
Further complicating the situation, Finance Minister Bezalel Smotrich, another right-wing member of Netanyahu&rsquo;s government, has also voiced opposition to the deal. Smotrich is demanding conditions for his support, including a return to military action if Hamas retains control of Gaza after the ceasefire&rsquo;s first phase. These internal disagreements reflect the deeply entrenched ideological divisions within Israel&rsquo;s political landscape.
International Mediation and the Path to Peace
<img src="https://r2.myc.my/446929863bf33416b5598cd096980c0d33ae5eb2e037b357fcfd4a5bc36ad52b" />
The ceasefire agreement, which was negotiated with the help of international mediators, represents a potential turning point in the conflict. If implemented successfully, it will mark the beginning of a phased approach to ending the violence and rebuilding Gaza. The first stage of the deal focuses on humanitarian aid, hostages, and the gradual withdrawal of Israeli forces. Subsequent phases will address the complete return of hostages, the withdrawal of Israeli troops, and the long-term reconstruction of Gaza.
However, the road to lasting peace remains fraught with challenges. As negotiations continue, the international community watches closely, hoping that this ceasefire agreement can pave the way for a broader and more sustainable resolution to the ongoing conflict in Gaza.
The Human Cost of War and the Call for Immediate Action
<img src="https://r2.myc.my/07f4f23e04990782b733f0e90c0278f4f6969a13b01acb540538ac374faa7cfb" />
The impact of the war on Gaza's civilian population has been devastating. Entire neighbourhoods have been destroyed, and the humanitarian crisis is worsening by the day. The ceasefire agreement offers a glimmer of hope for those in Gaza, but for many, the situation remains dire. Palestinian authorities and civilians continue to call for an immediate halt to the fighting, urging both sides to prioritise peace over politics and to implement the ceasefire without delay.
As the conflict continues, the eyes of the world remain fixed on Gaza, where the toll of war continues to mount.
What are your thoughts on this? Let us know in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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The pressing question remains: Why wasn’t this resolution reached sooner, when so little is left for the Palestinians?

77c5a4ef83151b4704bef313d98db01d18ae21dc4317132c2d34a946d9481803

Palestine Ceasefire Deal Reached; Israel Delays Final Approval Amid Negotiations

Legendary Taiwanese boy band ENERGY is set to deliver an unforgettable performance as part of their highly anticipated "Imminent (一触即发)" world tour! This April, the five-member group will make their way to Malaysia for a night of iconic hits and thrilling stage energy that fans won't want to miss.
Having announced their reunion after a 15-year hiatus, ENERGY has already wowed audiences with recent performances in Singapore. Now, the group will take centre stage at Kuala Lumpur's Axiata Arena on 5th April 2025 (Saturday).
Who Is ENERGY?
<img src="https://r2.myc.my/3162ac549d1261777be3057fe68087b5886d34f11b06d81e22db2bb2242be0e6" />
Energy is a Taiwanese boy band that made its debut on July 12, 2002. The group consist of five members: leader Milk (Yeh Nai Wen), lead vocalist Edy (Hsiao Ching Hung), rapper and main dancer Toro (Kuo Wei Yun), vocalist and dancer KunDa (Hsieh Kun Da), and lead singer Shuwei (Chang Shu Wei). Energy quickly gained attention for their unique Rapcore sound, a blend of rap and rock elements that was relatively uncommon in the Mandopop scene at the time. Their energetic stage presence and intricate choreography drew comparisons to Korean boy bands, helping them stand out in the competitive music industry.
The group&rsquo;s discography features several iconic tracks that resonated with fans across Asia. Songs like "Let Go" (放手) and "Love Me for Another Day" (多爱我一天) became fan favourites, with the former showcasing their vibrant choreography and the latter highlighting their vocal harmonies. Another notable hit, "One Day" (某年某月某一天), became a popular ballad that demonstrated the group&rsquo;s versatility beyond high-energy performances. Albums such as Energy! Come On! and Invincible further solidified their place in the Mandopop industry, earning them a loyal fan base.
<iframe src="https://www.youtube.com/embed/Lo-80c7Aw_E" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
Despite their success, the group faced significant challenges with lineup changes. Toro departed in 2003 to pursue other opportunities, and Milk left the group in 2005. While the departures marked a shift for Energy, the remaining members continued to produce music and perform, demonstrating their resilience and dedication to their fans. However, after years of activity, the group announced a hiatus in 2009, leaving fans uncertain about their future.
In January 2024, Energy surprised fans by reuniting with all five original members under B'in Music. This marked their highly anticipated return to the music scene after a 15-year hiatus. The reunion not only rekindled excitement among long-time fans but also introduced a new generation to their music. With plans for new releases and live performances, Energy's comeback represents a celebration of their legacy and a new chapter in their journey as one of Taiwan&rsquo;s most iconic boy bands.
What to Expect at the Concert
<img src="https://r2.myc.my/9303f871873e669c1c71aea26fbd1137ab6d0afdce3bb61ff556a4930eb2d821" />
ENERGY boasts a devoted fan base in Malaysia, Singapore, and China, making their Kuala Lumpur stop a thrilling moment for regional fans. With both nostalgia and fresh energy, the upcoming concert promises to showcase the group&rsquo;s classic hits alongside new tracks, symbolising a new chapter in their illustrious career.
The ENERGY &ldquo;Imminent (一触即发)&rdquo; World Tour promises to be an unforgettable spectacle, complete with captivating performances and state-of-the-art stage designs. Fans will be treated to timeless favourites like &ldquo;Let Go (放手)&rdquo; and &ldquo;Love Me For Another Day (多爱我一天)&rdquo;, as well as songs from their newly released albums. Whether you&rsquo;ve been a fan since their early days or are discovering their music anew, this concert is set to deliver an unparalleled audio-visual experience.
Concert Details:
<ul>
<li>Date: 5th April 2025 (Saturday)</li>
<li>Time: 8:00 PM</li>
<li>Venue: Axiata Arena, Kuala Lumpur</li>
<li>Organiser: StarPlanet</li>
</ul>
Ticket Information and Seating Plan
<img src="https://r2.myc.my/3750289fca7bf3d89fcfebd3d667bb2077aede1bd0d1f2dd46a9bbeba7c447d7" />
Ticket Prices:
<ul>
<li>ROCK Zone: RM858</li>
<li>Category 1: RM798</li>
<li>Category 1 (Restricted View): RM728</li>
<li>Category 2: RM568</li>
<li>Category 2 (Restricted View): RM498</li>
<li>Category 3: RM358</li>
</ul>
Tickets will be available starting 21st January 2025 (Tuesday), 12:00 PM, exclusively on <a href="https://my.bookmyshow.com/en">my.bookmyshow.com</a>.
When purchasing tickets, fans should carefully review the seating plan provided by the organiser, StarPlanet, to ensure the best experience. Be aware that seats labelled as "Restricted View" may have partial obstructions that could affect your enjoyment of the show. For the most immersive experience, it is recommended to choose seats without these limitations.
Catch Up With Their Music
As the boy band makes their long-awaited return to the music scene, it&rsquo;s only fitting that they bring fresh tracks to delight their fans. &nbsp;The production of the EP took approximately six months, with the band members expressing that it felt like a culmination of their 22-year journey. The title track, "Here I Am," serves as a declaration of their comeback, inviting fans to join them in this new chapter. Meanwhile, "星期五晚上" (Friday Night) was selected unanimously by the members during the track selection process, aiming to infuse positive and vibrant energy into their music.
The EP is available to stream on platforms like <a href="https://music.apple.com/us/album/here-i-am-ep/1743368890">Apple Music</a> and <a href="https://open.spotify.com/album/1ONlWSqyHGDyOoyfNsTnoS">Spotify</a>.
Discover their latest EP, &lsquo;Here I Am&rsquo;, below:
<iframe style="border-radius: 12px;" src="https://open.spotify.com/embed/album/1ONlWSqyHGDyOoyfNsTnoS?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe>
Are you ready to experience ENERGY live in Kuala Lumpur? Mark your calendars and grab your tickets early to avoid disappointment!
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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After a 15-year-hiatus, don’t miss their electrifying comeback concert!

b291524f15ffe26d1a462f5d537dcadd0d255514c34d9041c0b553366f56954e

Taiwanese Boy Band ENERGY Returns With A Live Concert In Kuala Lumpur This April 2025

In Malaysia, one of the most pressing concerns for social media users is the credibility of what they come across online. Over the past five years, Malaysians have unfortunately become some of the most frequent victims of scams, with a staggering RM11.23 billion collectively lost to fraudsters, according to Bukit Aman&rsquo;s Commercial Crime Investigation Department (CCID) Director, Datuk Seri Ramli Mohamed Yoosuf.
To put this into perspective, RM11.23 billion could buy an astounding 4.5 billion packets of instant noodles&mdash;enough to last a lifetime&mdash;or 636 million ala carte 3-piece Ayam Goreng McD meals, which would be more than enough to feed a nation or two.
In 2020, the Malaysian police dealt with 27,323 scam cases, but by 2024, that number had jumped to 41,701&mdash;an increase of 53.2%. The breakdown of scam types in 2024 paints a worrying picture of the range of deceit:
<ul>
<li>Fraud cases: 37,240 (RM2.45 million lost)</li>
<li>Trust-related scams: 1,448 (RM546.39 million vanished)</li>
<li>Illegal lending: 1,060 (RM5.29 million disappeared)</li>
<li>And many more&hellip;</li>
</ul>
Scammers have a wide array of tricks up their sleeves, and some of the most popular scams include:
<ul>
<li>Phone scams (14,684 cases): Apparently, there are still princes out there who need help moving millions.</li>
<li>E-commerce scams (7,662 cases): That too-good-to-be-true PS5 deal? Yep, it was.</li>
<li>Fake investment schemes (6,337 cases): Your neighbour&rsquo;s cousin&rsquo;s friend is not a crypto genius.</li>
<li>Love parcel scams (770 cases): Because romance scams needed a trendy upgrade.</li>
</ul>
Can Malaysia&rsquo;s Social Media Licensing Stop The Scams?
<img src="https://r2.myc.my/178fa507ab50c3a8693e227f3e590cdd4bdf8d036d7590732fef35cff2a25e8a" />
Meta, the parent company of Facebook, Instagram, and WhatsApp, is facing criticism for allowing scam advertisements on its platforms that misuse the image of the Yang di-Pertuan Agong, Sultan Ibrahim. These fake ads, some impersonating reputable Malaysian media outlets like The Star, are a violation of both Meta&rsquo;s own advertising policies and Malaysian laws.
This controversy arises amidst Meta&rsquo;s struggle to comply with Malaysia&rsquo;s newly implemented social media and instant messaging regulations, which aim to curb harmful online content.
Meta&rsquo;s Content Moderation: A Troubling Gap
<blockquote class="twitter-tweet">
Reported about these sort of scams before and got a response that it wasn&rsquo;t against their rules 🤷&zwj;♂️ <a href="https://t.co/jfWgLd2jyz">pic.twitter.com/jfWgLd2jyz</a>
&mdash; Hadi Azmi (@amerhadiazmi) <a href="https://twitter.com/amerhadiazmi/status/1877557856318402958?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Despite boasting advanced AI systems to monitor content, Meta has gained a reputation in Malaysia for failing to prevent scam ads that exploit the identities of public figures and brands. Screenshots shared by journalist Hadi Azmi reveal Meta-approved advertisements that spread fake news using images of the King.
While Meta is reportedly close to obtaining its Application Service Provider (ASP) licence to comply with Malaysian regulations, its current moderation practices suggest a business-as-usual approach. This leniency has sparked concerns about the platform&rsquo;s commitment to safeguarding users from online scams.
<img src="https://r2.myc.my/1b95f2c5e4b257d7c8e5aa46647680b88bb16b5622e29b0356c31d0cf7ecb345" />
Meta had also recently announced changes to its content moderation approach. CEO Mark Zuckerberg revealed plans to phase out the third-party fact-checking programme in favour of a "Community Notes" model, inspired by X (formerly Twitter). The company claims this move will foster greater free speech while prioritising enforcement of illegal and severe violations.
However, critics argue that this shift shifts the responsibility for moderation onto users, leaving gaps in addressing critical issues such as online scams and crimes against children. This hands-off approach raises questions about Meta&rsquo;s readiness to tackle pressing online harms effectively.
Are Malaysia&rsquo;s Social Media Regulations Effective?
<img src="https://r2.myc.my/42aadadeba775e967ea3e10a6f32c687ba3d5e4a0d74c7a335191547c043a9a0" />
Under Malaysia&rsquo;s new social media regulations, platforms with over 8 million Malaysian users must obtain an ASP licence from the Malaysian Communications and Multimedia Commission (MCMC) by 1st January 2025. Non-compliant companies risk fines of up to RM500,000, imprisonment of up to five years, or both.
Despite these measures, Meta has yet to demonstrate concrete efforts to address scam advertisements. Reports indicate the platform generates over RM2.5 billion annually from Malaysian users but has failed to implement adequate safeguards against scammers exploiting its services.
Communications Minister Fahmi Fadzil recently criticised Meta&rsquo;s inaction, highlighting that Malaysians have collectively lost RM432 million through scams linked to Facebook. While Malaysia has no plans to block non-compliant platforms, this leniency contrasts with Indonesia&rsquo;s stricter approach, where platforms must respond to takedown requests for unlawful content within four hours or face the risk of being blocked.
The State of Compliance Among Platforms &amp; Moving Forward
<img src="https://r2.myc.my/e87a265422603687a9d59da9a6ad9d971cc9aa0be9d24dabf49750b17f0615e4" />
Read: <a href="https://myc.my/articles/4032/malaysias-new-social-media-licensing-framework-which-platforms-have-applied">Malaysia&rsquo;s New Social Media Licensing Framework: Which Platforms Have Applied?</a>
As of now, only WeChat (Tencent), TikTok (ByteDance), and Telegram have secured their ASP licences in Malaysia. Meta remains among the platforms lagging behind, raising concerns about whether the current regulations can compel such tech giants to adopt meaningful changes.
Meta&rsquo;s failure to effectively curb scam ads and fully comply with Malaysian regulations underscores the ongoing challenge of holding tech giants accountable in today&rsquo;s increasingly digital world. With Malaysians collectively losing significant sums to online scams, it is clear that stronger enforcement and more prompt action are crucial for ensuring user safety moving forward.
The widespread nature of these scams further highlights the urgent need for increased awareness and vigilance online. With so many falling victim to fraudulent schemes, the scale of the issue is undeniable, and more robust measures must be implemented to safeguard Malaysians from these digital threats.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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M’sians have already lost RM11.23 billion to scams, and this number is likely to rise if proper action isn’t taken.

1afda28021876ed812cbb6d19077bd228c7db194736f805fa7fd3feda4a66ec8

Meta Under Fire For Scam Ads Featuring Malaysian King: Is Social Media Licensing The Solution?

Online banking has become a staple of modern life, offering unparalleled convenience. However, it also comes with increasing risks, particularly the threat of online scams targeting unsuspecting users. To address these concerns, Maybank has introduced Money Lock, a revolutionary feature available on its MAE App. This first-in-Malaysia counterfraud security measure builds on its successful launch in Singapore in mid-2024, offering customers greater control and peace of mind over their finances.
What is Money Lock and How Does It Work?
<img src="https://r2.myc.my/1eae70dafb6e7ae67d8503a07bfaa576ed276e0777b1f73305e714cc952141f7" />
At its core, Money Lock allows customers to secure funds in their savings or current accounts, preventing these funds from being accessed digitally. With the ability to lock amounts ranging from RM10 to the total account balance, customers can tailor their security needs to their preferences.
Activating Money Lock is seamless and user-friendly. Through the MAE App, users can select the account and amount they wish to secure. Once activated, the locked funds remain inaccessible for digital transactions such as online transfers, ATM withdrawals, debit card payments, bill payments, and more. Importantly, the locked funds continue to earn the same interest or profit rates as the rest of the account balance.
If the need arises to unlock or reduce the locked amount, customers can do so by visiting any Maybank ATM or branch for a quick and secure verification process. This added step ensures that only authorized users can access the locked funds, enhancing security further.
Who Can Benefit Most from Money Lock?
Money Lock is designed with all customers in mind but is particularly beneficial for individuals who may be more vulnerable to online scams, such as senior citizens or those less familiar with digital banking. By providing a straightforward way to secure funds, the feature offers an extra layer of protection to those who need it most.
A Multifaceted Approach to Fraud Prevention
Money Lock is one component of Maybank&rsquo;s comprehensive strategy to combat online fraud. The bank has introduced several other measures to safeguard its customers, including:
<ul>
<li>Secure2u Authentication: A safer alternative to SMS OTP, reducing the risk of SMS TAC fraud.</li>
<li>Device Restriction: Limiting online banking access to a single device per customer to prevent unauthorized use.</li>
<li>Cooling-Off Periods: Enforced for payment and transfer limit changes or Secure2u activation on new devices.</li>
<li>Malware Shielding: Built into the MAE App to detect and block malicious software.</li>
<li>ATM-Based Secure2u Activation: Adding an additional layer of control and security.</li>
<li>24/7 Fraud Support Hotline: Dedicated assistance for customers who suspect fraudulent activity.</li>
<li>With these measures, Maybank is proactively addressing evolving fraud tactics, ensuring that customers can bank with confidence.</li>
</ul>
How Does Money Lock Enhance Security?
<img src="https://r2.myc.my/bbd2c3999f7cc569a6aac93123d0fe92513b816bf8fcc52bea398986bc01dd2d" />
Locked funds are shielded from all digital transactions, including:
<ul>
<li>Online banking transfers.</li>
<li>ATM withdrawals.</li>
<li>Debit card usage.</li>
<li>Payments for bills, credit cards, or loans.</li>
<li>Fixed deposit placements.</li>
<li>Standing instructions or recurring payments.</li>
</ul>
This ensures that even in the unlikely event of unauthorized access to your account, the locked funds remain untouchable.
How to Activate Money Lock?
<img src="https://r2.myc.my/543ae756cfdf3b68accc02693bd766bcce3c148e97f8fdebfbcf19bd7bdf2e4c" />
Activating Money Lock is quick and straightforward. Follow these steps to enable this innovative security feature:
<ol>
<li>Open the MAE App and navigate to the &ldquo;Accounts&rdquo; tab.</li>
<li>Select the desired savings or current account to secure.</li>
<li>Click on the Money Lock icon, choose the amount to lock, and review the summary page.</li>
<li>Approve the activation via Secure2u.</li>
</ol>
Unlocking funds is equally straightforward but requires a visit to a Maybank ATM or branch to complete a secure verification process.
Why Financial Planning Matters
<img src="https://sharpefinancials.com/service/Financial%20palnner.gif" />
While Money Lock provides an effective safeguard, Maybank encourages users to carefully plan their finances before enabling the feature. Ensure that sufficient funds are available for essential transactions and upcoming commitments to avoid disruptions.
A Step Forward in Digital Banking Security
<img src="https://r2.myc.my/2ff2dfc045eb09ad481bf9ef64b34251ec94624e091f70fb05fe045a2df406f4" />
Group CEO of Maybank Community Financial Services, Syed Ahmad Taufik Albar, underscored the importance of this feature, stating that it reflects Maybank&rsquo;s commitment to customer safety and confidence. &ldquo;With Money Lock, Maybank is the first bank in Malaysia to empower customers to digitally lock funds in their savings and current accounts. This innovative tool enhances security and empowers users to conduct online transactions without fear of scams.&rdquo;
Maybank&rsquo;s leadership in digital banking innovation is evident through its comprehensive fraud prevention measures and the introduction of Money Lock. Customers can now embrace the convenience of online banking with greater assurance that their funds are secure.
To learn more about Money Lock and its benefits, visit <a href="https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/security_alert/money-lock.page">maybank.my/MoneyLock</a>.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Make smarter financial choices—protect your hard-earned money from scams.

039b9fb536ec723abb0b13b5f62b7698d9610912e9ec017f49a3ba70d254d947

Secure Your Funds From Scams: Introducing Maybank's Money Lock Feature

Bank Negara Malaysia (BNM) has released a draft proposal outlining key reforms for personal financing practices, including abolishing the controversial Rule of 78 interest calculation method and reclassifying certain home financing products under stricter terms. The move aims to ensure fairer lending practices, greater transparency, and financial stability, particularly in light of rising household debt concerns.
Abolishing the Rule of 78 and Flat Rate Interest
<img src="https://r2.myc.my/768c4ceba9f377ef78449d13331fa9bb96d099c1777489eeea6bd59ea9704682" />
The Rule of 78 has long been criticized for its unfair interest calculation. Under this method, a loan's total interest is pre-calculated based on the original principal, meaning borrowers do not enjoy interest savings even if they settle their loans early. BNM's proposal seeks to eliminate this method for personal financing, a change that aligns with broader efforts to reform lending practices, including amendments to the Hire Purchase Act 1967, set to be tabled in Parliament in early 2025.
Going forward, financial service providers (FSPs) will be restricted to offering personal financing products that calculate interest using either:
<ul>
<li>A fixed or floating rate; or</li>
<li>Interest charged on the remaining principal balance after payments toward the principal are deducted.</li>
</ul>
FSPs will be required to disclose the effective interest rate (EIR), the total repayment amount, and detailed explanations of interest calculations (e.g., daily or monthly reducing balance methods). For floating-rate loans, providers must also explain the conditions for interest rate adjustments, their impacts, and the option for customers to maintain original instalment amounts.
Home Financing Products Reclassified as Personal Financing 
<img src="https://r2.myc.my/ee6941c85768329071803d9f3287d7a16568ddf6abf968f39546cd7dc79515a7" />
In a major shift, BNM proposes to treat specific types of home financing products as personal financing and cap their tenure at 10 years. This applies to cases where:
<ol>
<li>Additional financing exceeds the outstanding amount on a refinanced home loan.</li>
<li>Extra financing is taken beyond the original loan amount after partial repayment.</li>
<li>Financing is secured by a property with no existing mortgage.</li>
</ol>
To prevent misuse, FSPs will need to verify the actual purpose of the financing by requiring supporting documents. Exceptions to the 10-year cap include financing strictly for:
<ul>
<li>Renovations.</li>
<li>Mortgage-reducing term assurance (MRTA) or takaful.</li>
<li>Legal fees, education, or business purposes.</li>
</ul>
Additionally, the cap does not apply if the new financing amount, combined with the outstanding balance, does not exceed the original loan amount and tenure, or if it involves pre-paid amounts or extra repayments.
Addressing Household Debt and Reducing Loan Tenures 
<img src="https://r2.myc.my/2175950407c42094a9d395847c76c7736a7a1bd9c653fcdb674d4258a95b4d79" />
BNM is also seeking public feedback on whether the maximum tenure for personal financing should be reduced further to seven years, as practiced in other countries like Australia and Singapore. Currently, Malaysia allows a maximum of 10 years.
The proposal comes in response to growing concerns over household debt levels. As of end-2023, Malaysia's aggregate household debt stood at RM1.53 trillion, with 12.6% attributed to personal financing. Alarmingly, personal financing accounted for 46.26% of total bankruptcy cases in 2023, while 32.8% of loans under the Debt Management Programme managed by Agensi Kaunseling dan Pengurusan Kredit (AKPK) also comprised personal financing.
BNM emphasizes that shorter tenures encourage responsible borrowing and reduce long-term financial risks. The central bank is now inviting feedback from the public and industry stakeholders on the proposed tenure reduction, its feasibility, and potential challenges.
The Future of Lending in Malaysia
These proposed changes reflect BNM's commitment to improving transparency, responsible lending, and protecting borrowers from predatory financial practices. By abolishing outdated methods like the Rule of 78 and capping tenures for personal financing, BNM hopes to strike a balance between consumer affordability and long-term financial stability.
Public feedback on the draft proposal is open until February 14, 2025, and can be submitted electronically through <a href="https://forms.office.com/r/HFWD3UZFEf">BNM&rsquo;s official feedback form</a>. This initiative marks a significant step toward fostering a healthier lending ecosystem in Malaysia.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Are these changes the key to tackling rising household debt? Let’s find out.

4048114f12fe47f4c1d662de30bdaca5d36246b5e2faa8a2e5ce18d5e9ea868b

Bank Negara Malaysia Proposes Major Reforms In Personal & Home Financing Rules For Early Repayers

Do you frequently use eWallets, especially the Touch &lsquo;n Go eWallet? If so, take note&mdash;updating your account credentials will soon be mandatory to ensure uninterrupted access to the platform.
Security at the Forefront: Why eKYC Matters
<img src="https://r2.myc.my/fbb198eef9536035a0592b6fa04ac55087b3534eccc941d2c5d41a98b111d89f" />
Touch &lsquo;n Go Digital Sdn Bhd (TNG) is urging its eWallet users to complete account verification before December 20, 2024, to enhance security and ensure seamless access to services. With over 28 million registered users, more than 22 million have already completed the eKYC (electronic Know Your Customer) process, leaving millions yet to comply with the mandate.
For those who don&rsquo;t know, eKYC, a straightforward digital verification process, requires users to upload a photo of their ID (such as MyKad or MyTentera) and a selfie for facial recognition via the TNG eWallet app. This step aims to strengthen the platform&rsquo;s security by mitigating risks such as fraud, unauthorized access, and mule accounts. Verified users also gain access to additional benefits, including the Money-Back Guarantee and full feature functionality.
What Happens If You Don&rsquo;t Verify? 
<img src="https://r2.myc.my/0d9d27b3d89febcbdd6aeb5a1f09ef048c12f15981bc89d8330d2cc185e6898a" />
From December 20, 2024, unverified users will face restrictions when trying to use the app. Non-verified accounts will receive prompts urging them to complete verification. Failing to comply for an extended period will lead to account suspension. However, TNG ensures users&rsquo; funds remain secure&mdash;unverified users can request refunds for their remaining eWallet balances if they decide to discontinue using the platform.
For new users, account verification will be mandatory upon registration starting December 20, 2024. TNG emphasizes the importance of protecting verified users and maintaining a trusted digital ecosystem.
Guided Support for a Smooth Verification Process
&nbsp;<iframe src="https://www.youtube.com/embed/U-DOrmlpJqc?si=i-lXopDysa5sB3mI" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
TNG has made the verification process simple and accessible. Users can refer to the comprehensive guides on the TNG website, FAQs, and a step-by-step video tutorial. For additional assistance, the eWallet Careline is available daily from 7:00 AM to 10:00 PM at +603-5022 3888. Alternatively, users can visit TNG Sales &amp; Service Centres at Bangsar South or Nu Sentral for in-person support.
Completing your eKYC is more than just a requirement&mdash;it&rsquo;s a vital step in safeguarding your digital transactions. Don&rsquo;t wait until the last moment; verify your account today to enjoy secure, uninterrupted services and peace of mind.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Only 4 days left! Complete your verification now to avoid restrictions. 

34f123b94bd87b072970ba0c48bdb2a6ea67d0117aa2d190418d246219d3139a

TNG Urges eWallet Users To Complete eKYC Verification Before Facing Restrictions Starting December 20

The Employees Provident Fund (EPF) has unveiled its updated Retirement Income Adequacy (RIA) framework, setting new savings benchmarks to ensure Malaysians can achieve financial security in their retirement years. The revised benchmarks outline three tiers of retirement savings: RM390,000 for essential needs, RM650,000 for a comfortable standard of living, and RM1.3 million for a luxury lifestyle.
These benchmarks are based on a 20-year withdrawal plan, reflecting Malaysia&rsquo;s average life expectancy. EPF Chief Executive Officer Ahmad Zulqarnain Onn explained that the framework considers rising living costs and is supported by the Belanjawanku guide, a comprehensive resource estimating monthly expenses for a decent standard of living.
Monthly Withdrawal Benchmarks Over 20 Years:
Essential Tier (RM390,000):
<ul>
<li>First-year withdrawal: RM1,625 per month</li>
<li>Gradual annual increases</li>
<li>Final year (20th year): RM4,430 per month</li>
</ul>
Reasonable Tier (RM650,000):
<ul>
<li>First-year withdrawal: RM2,708 per month</li>
<li>Gradual annual increases</li>
<li>Final year (20th year): RM7,389 per month</li>
</ul>
Luxury Tier (RM1.3 million):
<ul>
<li>First-year withdrawal: RM5,417 per month</li>
<li>Gradual annual increases</li>
<li>Final year (20th year): RM14,779 per month</li>
</ul>
The implementation of these new benchmarks will be gradual to ease the transition. For example, the essential tier benchmark will increase from RM240,000 to RM290,000 in 2026, RM340,000 in 2027, and RM390,000 by 2028. These benchmarks will be reviewed every three years starting in 2029 to reflect inflation and updated cost-of-living data from the Belanjawanku guide.
Flexible Policies for Surplus Savings
<img src="https://r2.myc.my/2dea04b2811cd4a8fde2e54457d36636ce8834cdf3b72701efab04a7ecade7b9" />
In tandem with the new savings benchmarks, EPF has revised its withdrawal policies to provide members with greater flexibility in managing their retirement funds. The Members&rsquo; Investment Scheme (MIS) will allow members to transfer 30% of their savings above the basic benchmark into Akaun Persaraan, giving them the opportunity to invest and grow their funds.
For those with substantial savings exceeding RM1 million, withdrawals will align with the luxury tier benchmark of RM1.3 million. Starting in 2026, members with more than RM1.1 million in savings will be able to withdraw the surplus amount. The withdrawal threshold will increase by RM100,000 annually over three years, reaching RM1.3 million in 2028. This phased approach ensures members have the flexibility to manage surplus funds while adapting to the new benchmarks.
EPF has also raised the minimum retirement age benchmark from 55 to 60 years, reflecting the longer working lifespan and increased life expectancy of Malaysians. This adjustment aims to give members more time to build their savings while preparing for retirement.
The Belanjawanku Guide: A Foundation for Retirement Planning 
<img src="https://r2.myc.my/d38e9e2a5176235c9cbfc200dac3a318474648a6cfa5527bf49b472d591ee1df" />
A cornerstone of the RIA framework is the Belanjawanku guide, which serves as a detailed resource to help Malaysians estimate the minimum monthly expenses needed for a decent living standard. Initially developed for households in the Klang Valley, the guide now covers 11 additional major cities in Malaysia, providing a more comprehensive view of financial requirements across the country.
The guide was created in collaboration with the Social Wellbeing Research Centre (SWRC) at Universiti Malaya and is regularly updated to reflect changes in living costs. It forms the basis for the RIA framework, ensuring that Malaysians have a clear understanding of their financial needs as they plan for retirement.
EPF Chief Executive Officer Ahmad Zulqarnain Onn emphasized that the updated framework and guide are integral to EPF&rsquo;s mission of building a secure retirement future for Malaysians. &ldquo;The Belanjawanku guide helps average Malaysians navigate the challenges of managing household expenses, while the EPF establishes a strong foundation for adequate retirement savings,&rdquo; he said in a statement.
A Balanced Approach for Financial Security
The EPF&rsquo;s revised framework balances immediate flexibility with long-term financial security, ensuring that members can meet their needs during retirement while adapting to rising costs. By providing clear benchmarks, updated withdrawal policies, and comprehensive financial planning tools, the EPF aims to equip Malaysians with the knowledge and resources necessary to achieve a stable and comfortable retirement.
These changes represent a proactive approach to addressing the challenges of retirement planning, empowering members to take control of their financial future while preparing for a better quality of life in their later years.
The real challenge remains: with Malaysia's rising cost of living and relatively low wages, can we realistically save enough in our EPF to meet even the basic monthly expenses needed for retirement?
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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It’s time to plan ahead for retirement and also save cash into our EPF.