Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

spending

KWSP

savings

invesment

saving scheme

high returns

For those who are employed, you might have caught wind of the news that the Employees&rsquo; Provident Fund (EPF) is introducing a third account to their system, and details about Account 3 will soon be disclosed. This fresh addition is touted as a flexible account, permitting members to withdraw funds at their discretion, with contributions slated to commence as early as May.
What Exactly is Account 3 And How Does It Work?
<img src="https://r2.myc.my/4c7bd3676680d66dc6aff17f1991a78fca88cb820d27482ad80e66d810919754" />
As reported by NST, Account 3 will debut with a zero balance and absorb 10% of forthcoming monthly contributions. Under the revamped system, Account 1 will receive 75% of monthly contributions, with Account 2 allotted 15%. Currently, contributions are divided with 70% to Account 1 and 30% to Account 2.
Unlike the restricted withdrawal criteria of Accounts 1 and 2, which are primarily reserved for retirement or specific purposes like education, healthcare, housing, and partial withdrawals at age 50, Account 3 offers members the liberty to withdraw funds at their discretion, akin to a savings account. Finance Minister II Amir Hamzah notes that this new account will supplant the targeted withdrawals previously implemented by EPF.
It's anticipated that funds in Account 3 will be transient, likely yielding lower returns compared to the other accounts. Members who opt not to withdraw from Account 3 may receive a nominal payout, considerably less than the dividends provided by Accounts 1 and 2.
The specific operational details of Account 3 are expected to be unveiled soon, necessitating readiness for potential forthcoming adjustments.
EPF Account 3 Draws Mixed Responses From Netizens
<img src="https://r2.myc.my/60e928cf9fd88bde85293c4125c9661c7d9f2314a0334b5ca54093e108e6164c" />
The introduction of Account 3 has elicited a range of responses from the public. Alongside concerns regarding the future financial security of contributors, there are reservations about compulsory savings in an account that may offer lower returns.
Those raising concerns about reduced returns suggest that Account 3 should be optional, functioning as a flexible deposit and withdrawal account to attract funds from sources beyond regular salary contributions. This approach would allow EPF to access additional funds for investment without impacting the existing balances in Accounts 1 and 2, while offering members the potential for higher returns on their savings.
Additionally, there are concerns that Account 3 could encourage some individuals to stop working or spend their savings recklessly before reaching retirement age.
Conversely, some individuals are optimistic about the potential advantages of Account 3. One internet user emphasized the benefits of a flexible Account 3 similar to ASB, particularly given EPF's consistent 5% dividend payout.
Here&rsquo;s some of the comments:
<blockquote class="twitter-tweet">
You're right. Less money in EPF account 2 is less money for home purchase, education, hajj, i-lindung, medical
&mdash; Suraya: bestselling Bergaji &amp; Pokai book (@surayaror) <a href="https://twitter.com/surayaror/status/1780104439518687390?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Kinda good actually 😄 10% emergency reserve funds
&mdash; The Advent of May (@nizalmiswat) <a href="https://twitter.com/nizalmiswat/status/1780134503077576924?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Good move. At least 10% is now liquid.
&mdash; Bitcoin Malaya (@bitcoinmalaya) <a href="https://twitter.com/bitcoinmalaya/status/1780094272706130090?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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<blockquote class="twitter-tweet">
Tunggu announcement. Could be as simple as one-time registration je
&mdash; Suraya: bestselling Bergaji &amp; Pokai book (@surayaror) <a href="https://twitter.com/surayaror/status/1780104917300265378?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
I reckon that a lot of us probably don't want this Account 3. They should be making this feature optional.
&mdash; Raja Dugem IV ♕ (@HM_DaKieng) <a href="https://twitter.com/HM_DaKieng/status/1780085881342492918?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Very2 bad decision. Not many will leave their account 3 with funds/money later on. Most people will withdraw it ASAP because they view it as 'free money',though it is actually their hard earned money.
&mdash; azmieanwar (@azmieanwar1) <a href="https://twitter.com/azmieanwar1/status/1780136253255737679?ref_src=twsrc%5Etfw">April 16, 2024</a></blockquote>

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The big question now is how many individuals will opt to withdraw funds from Account 3, and whether we'll eventually have the option to redistribute that money to our other accounts. Only time will tell, and we'll have to wait for the upcoming announcement to get some answers.
What are your thoughts on this? Let us know in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media, NST &amp; various cross-references for context.
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With Account 3, there’s a likelihood of lower returns than Account 1 and 2 as it’s like a savings account. 

79abcc6f32324d3d9b7eead1bc76fb1d301790d511040979550ce2d4802e59b7

EPF Flexible Account 3 Could Begin In May With The Ability To Withdraw At Any Time

d9d56c8e5c29847e2917983575418651c94c72608ef9e914a6542c4a698d7349

Scentify

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Oatside

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Rohto

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This summer, Penang is set to dazzle in shades of Dior as the celebrated Dioriviera experience makes its debut on the island, bringing a sun-drenched blend of fashion, art, and refined living. From 13 June to 11 August 2025, Dior transforms the stately colonial setting of Macalister Mansion into a glamorous Mediterranean-inspired escape &mdash; a luxurious homage to the spirit of summer and the timeless allure of wanderlust.
After charming fashion aficionados at Desaru Coast in 2023 and later in Pavilion Kuala Lumpur, this year&rsquo;s Dioriviera journey continues with a new chapter in Penang, inviting Malaysians and travellers alike to bask in Dior&rsquo;s take on the season of sun, style, and sensuality.
Read: <a href="https://myc.my/articles/2560/ultimate-ig-summer-vibes-ember-beach-club-desaru-jb-with-dior-cafe-pop-up-store">Ultimate IG Summer Vibes @Ember Beach Club Desaru JB With Dior Caf&eacute; Pop Up Store</a>
A Poetic Summer Reverie at Macalister Mansion
&nbsp;<img src="https://r2.myc.my/7fdc97fbc206b390482d70b600f88415acc2d843539777197cca9e42a2bd99f5" />
Set against the heritage backdrop of the iconic Macalister Mansion, the Penang pop-up is more than a retail event &mdash; it&rsquo;s a carefully curated immersive experience. Visitors will be welcomed into a Dior dreamscape, where colonial elegance meets tropical fantasy. Lush bamboo installations, breezy canopies, and Toile de Jouy-adorned settings evoke the feel of a coastal sanctuary, all under the artistic direction of Dior&rsquo;s evocative mise en sc&egrave;ne.
This latest Dioriviera concept is steeped in the spirit of eternal summer &mdash; an attitude as much as a collection. Drawing inspiration from Monsieur Christian Dior&rsquo;s enduring love for travel and sunlit shores, the Maison brings its Riviera vision to life through a kaleidoscope of breezy silhouettes, nautical stripes, and reinvented icons.
The Collection: Toile de Jouy Reimagined, Tropical Charm Enhanced
&nbsp;<img src="https://r2.myc.my/4a4ace1765a74328052cd7636d092b4dd0afcf82c0e517311436c3c8d90f6db7" />
At the heart of the capsule collection is Dior&rsquo;s signature Toile de Jouy Sauvage, this time rendered in fresh hues of pink, turquoise, and sun-bleached ivory. Joining the lineup is the new Toile de Jouy Palms motif &mdash; a design that celebrates the lush jungles and natural splendour of tropical landscapes. From ready-to-wear garments like sarongs, ponchos, and flowing blouses to accessories such as scarves, caps, and straw hats, the collection captures a carefree yet refined spirit.
The much-loved Lady D-Lite and Dior Book Tote bags also return in updated looks, adorned with the season&rsquo;s pastoral patterns. Footwear options range from minimalist to playful, with the beloved Dway slides available in a variety of colours, materials, and heel heights, while the Dioract mules and D-Sand sandals offer both comfort and style for city strolls or beachside lounging. The latter come playfully embellished with marine-themed charms that add just the right hint of whimsy.
Lifestyle Luxe: From Fashion to Homeware
&nbsp;<img src="https://r2.myc.my/b08b662b286c1ad6bb7b35e0d7fb19eb0c7e005f2347b4f00816bd44d7aa811b" />
In true Dior style, the Dioriviera experience extends beyond wardrobe staples into the realm of luxury home living. Dior Maison unveils a new range of summer essentials &mdash; beach mats, furniture, and tableware crafted from natural materials and decorated with the iconic Cannage pattern. Notable collaborations include ceramic palm trees by Jean Roger and hand-painted enamelware vases and candle jars from the Manufacture des Emaux de Longwy, adding a touch of artisanal French savoir-faire to any home.
Jewellery lovers can also revel in the Dior Cabinet d&rsquo;&Eacute;t&eacute;, a seasonal collection of ocean-inspired accessories &mdash; think seahorses, starfish, pearls, and turret shells, designed to complement any sun-soaked ensemble.
The Dior Caf&eacute;: A Taste of the Riviera in Penang
&nbsp;<img src="https://r2.myc.my/505a52ea3a7367727e56d47fd43aee3b6aae5e3cae32219bb80b8aa41e764972" />
A standout highlight of the experience is the Dior Caf&eacute;, nestled within the mansion itself. This refined culinary retreat is a destination in its own right, serving up an elegant selection of Dior-themed refreshments and treats in a serene, stylish setting. Whether you're there for an Instagram-worthy coffee break or a leisurely afternoon with friends, the caf&eacute; perfectly encapsulates the Dioriviera lifestyle &mdash; luxurious, artistic, and effortlessly chic.
The caf&eacute; opens daily at 10.30am, slightly earlier than the pop-up, which welcomes guests from 11.00am to 9.00pm. Visitors are encouraged to take their time, enjoy the space, and immerse themselves in the full experience &mdash; from sipping curated drinks to shopping the latest capsule pieces.
A Riviera Escape, Malaysian Style
By planting its Dioriviera flag in Penang, Dior has elevated Malaysia&rsquo;s northern jewel into the global fashion spotlight. With its blend of colonial charm, rich cultural history, and lush surroundings, Macalister Mansion offers the perfect canvas for Dior&rsquo;s poetic summer escape.
Whether you&rsquo;re a style enthusiast, a design lover, or someone simply seeking a unique seasonal indulgence, Dioriviera in Penang promises a multisensory journey into the world of Dior &mdash; elegant, inspiring, and undeniably summery.
Don't miss your chance to experience this captivating coastal fantasy, running from 13 June to 11 August 2025. Whether for the fashion, the caf&eacute;, or the artful ambience, the Dioriviera pop-up is poised to be Penang&rsquo;s hottest destination of the summer.
To reserve a spot, <a href="https://www.dior.com/fashion/stores/en_int/malaysia/penang/228-jln-macalister">click here</a>.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Dior’s most coveted summer experience lands in Penang with photo-worthy style.

a03a3cc9e010fe223ec5cf61eda6977cb366c0f0728785166f0ea36375cc484a

Dioriviera Arrives In Penang: Luxe Pop-Up And Dior Café Take Over Macalister Mansion

Malaysia is mourning the loss of 15 Universiti Pendidikan Sultan Idris (UPSI) students following a devastating bus crash along the East-West Highway (Jalan Raya Timur-Barat, or JRTB) near Tasik Banding, Gerik, Perak. The tragedy has prompted swift government action on multiple fronts, including the revocation of transport permits, cancellation of student loans, and the rollout of substantial financial assistance packages to victims&rsquo; families.
Fatal Crash Sparks Nationwide Grief
&nbsp;<img src="https://r2.myc.my/c85c01ae379d0453ae8964d7be1f827a7415c34d6fa620d86e28bab96102d0e4" />
The incident occurred when a bus carrying 42 UPSI students from Jerteh, Terengganu to Tanjung Malim, Perak collided with a Perodua Alza on the highway. The impact of the crash killed 15 students on the spot, while many others sustained serious injuries. The bus was reportedly being operated by a company based in Kedah, now found to have violated transport regulations.
The tragedy has deeply shaken the nation, with leaders across government expressing their sorrow and solidarity with the affected families. Prime Minister Datuk Seri Anwar Ibrahim personally conveyed his condolences and has since announced a coordinated response to support the victims and ensure accountability.
Transport Ministry Revokes Bus Operator&rsquo;s Permits
&nbsp;<img src="https://r2.myc.my/05c80a1143cfbfbd9bd5d30304194159c19b7170e2ccf4e295ffeed746e39b19" />
In a press conference following the incident, Transport Minister Anthony Loke revealed that the bus operator had committed two significant regulatory violations. Firstly, the bus in question had been illegally sublet to a third party in Kelantan for RM500 per month, which contravenes vehicle permit rules. Secondly, the operator failed to activate the bus&rsquo;s GPS tracking system during its journey, thereby obstructing efforts to trace the vehicle's route and operational compliance.
As a result, the Ministry of Transport has taken decisive action by revoking all vehicle permits owned by the operator, with no opportunity for appeal. &ldquo;This is a serious breach of public safety and regulatory trust. We will not compromise when it comes to the safety of our people,&rdquo; Loke stated.
To prevent similar incidents in the future, the Land Transport Agency (APAD) will establish a centralised database containing driver profiles, including past convictions and blacklisted individuals. The database will allow bus operators to perform thorough background checks before hiring drivers, ensuring only qualified and safe personnel are employed in public transportation.
Financial Assistance for Families of Victims and Survivors
&nbsp;<img src="https://r2.myc.my/41b8288482346eaee5a00082cda6b1393834f0364bc47fe67e3a55eb9c0b9806" />
In a move to alleviate the financial burden on grieving families, Prime Minister Anwar Ibrahim announced that each family who lost a loved one would receive RM10,000, while those with injured relatives would be provided with RM5,000 in immediate assistance. These payments are being coordinated at the federal level and will be disbursed promptly.
Government spokesperson and Communications Minister Datuk Fahmi Fadzil confirmed the aid during a press briefing, also noting that the Attorney-General&rsquo;s Chambers has been directed to examine all insurance aspects related to the crash. This is to ensure families receive any entitled compensation without undue delay or bureaucratic hurdles.
PTPTN Cancels Student Loans for the Deceased
<img src="https://r2.myc.my/657b3c08759d8ae81a25622c94ce6f2f87bfe1bf01406766833d72ae3cc52c54" />
In a compassionate and symbolic gesture, the National Higher Education Fund Corporation (PTPTN) has announced the complete cancellation of all outstanding student loans held by the 15 students who lost their lives in the crash.
&ldquo;This is a measure of respect and support for the families,&rdquo; said Datuk Fahmi Fadzil. &ldquo;They should not have to worry about financial obligations in such a time of grief.&rdquo; The Higher Education Minister, Datuk Seri Dr Zambry Abd Kadir, echoed the sentiment, stating that the move is in line with existing PTPTN policy and reflects the government&rsquo;s commitment to protecting students and their families during extraordinary circumstances.
Additional Support from Education and Welfare Ministries
&nbsp;<img src="https://r2.myc.my/978d5c4ad68edc4998706163015e8db2005b8f761799c4e8b3e080f0d9d1281a" />
The Ministry of Higher Education, through its foundation Yayasan Perkasa Siswa, has pledged further support. Each bereaved family will receive RM2,000 in funeral assistance, while students who were injured in the accident will receive RM1,000 in disaster relief funds.
Meanwhile, the Ministry of Women, Family and Community Development will provide RM1,000 in aid to each of the 10 UPSI students currently receiving treatment in intensive care units across two hospitals in Perak. Minister Datuk Seri Nancy Shukri said the funds are being drawn from the Yayasan Kebajikan Negara under the Skim Pemberian Ehsan Kepada Keluarga Mangsa, a special assistance programme for disaster victims and their families.
Calls for Greater Accountability and Reform
<img src="https://r2.myc.my/a87beb631e6b866c26fbbfc3b2c7151d073a63195bc8d6dc7546fc64d4dcc036" />
The tragic accident has reignited public concern over the safety of long-distance travel for students and the enforcement of transport regulations. Critics have pointed to systemic weaknesses, including lax permit enforcement and poor monitoring of bus operators, particularly during inter-state charter trips.
Transport Minister Anthony Loke reiterated that the government will take stern action against any operator found to be in violation of safety standards. &ldquo;This is not an isolated case. We must learn from this tragedy and ensure our enforcement mechanisms are foolproof moving forward,&rdquo; he said.
The government is also urging private bus companies to take greater responsibility for the condition of their vehicles and the qualifications of their drivers. Regular audits, enhanced digital tracking systems, and stricter licensing protocols are among the proposed reforms to be rolled out in the coming months.
A Nation Mourns, and Moves Forward
As funerals take place across the country, the outpouring of support&mdash;from government agencies, ministries, and ordinary Malaysians&mdash;has been deeply moving. While no financial aid can replace the lives lost, the coordinated response signals a commitment to justice, accountability, and compassion.
In the coming weeks, investigations will continue, and further recommendations are expected to be made. For now, Malaysia mourns together, united in grief and resolve, determined to honour the memory of the 15 young lives lost with meaningful change.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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The govt has also said that any appeals from the bus operator will not be entertained. 

9e514b4c1c3bece54752713f8a223351e11f0122227f184e61c53d3aca33840e

Govt Cracks Down After Tragic UPSI Bus Crash: Permits Revoked, PTPTN Loans Waived, Aid Disbursed

From 1 July 2025, Malaysia will implement a sweeping expansion of the Sales and Service Tax (SST), as part of the government&rsquo;s broader MADANI economic reform agenda. The overhaul, announced in Budget 2025 and detailed by Finance Minister II Datuk Seri Amir Hamzah Azizan, is aimed at enhancing national revenue, reducing fiscal deficits, and improving public services without placing excessive pressure on ordinary Malaysians.
The Ministry of Finance has said the move is designed to strengthen the country's fiscal position, broaden the tax base, and upgrade infrastructure and the social safety net. While some consumers are bracing for price hikes, analysts believe the impact will vary across sectors.
What&rsquo;s Staying Tax-Free (No changes)? 
<img src="https://r2.myc.my/79c27172b858d662193a9988c6ecc237fd3a3d68503dada61bd91b6c3822cc90" />
The good news for Malaysian households is that core staples and daily necessities remain zero-rated. This includes:
<ul>
<li>Unprocessed food: chicken, beef, fish, prawns, squid</li>
<li>Local produce: fruits and vegetables</li>
<li>Staples: rice, sugar, cooking oil, flour, pasta, noodles, milk</li>
<li>Essential goods: medicines, pet food, books, newspapers, journals</li>
<li>Construction inputs: cement, sand, stones</li>
<li>Agricultural supplies: fertilisers, pesticides, farming equipment</li>
<li>Medical devices and livestock feed</li>
</ul>
These items are protected to maintain affordability and protect vulnerable groups.
5% Sales Tax: Luxury Food and Industrial Goods 
<img src="https://r2.myc.my/2e9c195f5592d1198fb0fd40b05932be0c611242fda41a0db738983bc3bb6c93" />
A moderate 5% sales tax will now apply to a selection of luxury or imported products, reflecting their non-essential nature. Among the revised or newly taxed items in this tier:
<ul>
<li>King crab, salmon, cod</li>
<li>Truffles and imported strawberries</li>
<li>Essential oils and silk fabrics</li>
<li>Industrial machinery</li>
</ul>
Items already in the 5% bracket and unchanged include abalone, lobster, quinoa, cheese, fruit jams, and smartphones.
10% Sales Tax: High-End Goods and Collectibles 
<img src="https://r2.myc.my/834ff1c3e41f102895c36e3d47a35916f461b7a92500f9d4a9c1dfd840c52eca" />
The 10% bracket targets premium and luxury categories. Revised items include:
<ul>
<li>Racing bicycles</li>
<li>Antique and hand-painted artworks</li>
<li>Tungsten scrap waste</li>
</ul>
Caviar, shark fins, alcoholic beverages, cigarettes, cigars, and leather products remain taxed at 10%.
Expanded Service Tax: What&rsquo;s Affected?
The service tax, previously limited in scope, has now been extended to six new categories, with rates of 6% or 8%, depending on the sector. Notably, the government has built in exemptions and grace periods to ease the transition, particularly for small businesses and ongoing contracts.
<ol>
<li> Construction Services (6%) </li>
</ol>
<img src="https://r2.myc.my/0781a862147735e98fb447d6211da1bc8b7a1f673a53f9f0dc23fc48eafc91d4" />
Tax applies to construction work on infrastructure, commercial, and industrial buildings exceeding RM1.5 million in annual revenue. However, residential projects and public housing are exempt. Business-to-business (B2B) services and contracts signed before July 1 will enjoy a 12-month exemption.
<ol start="2">
<li> Financial Services (8%) </li>
</ol>
<img src="https://r2.myc.my/7aad389470a344b4921fa173860faa58ff29bdb0d8e454bdaa0b7d6773238e26" />
Fee-based or commission-driven services, such as loan processing, will be taxed. However, exemptions include:
<ul>
<li>Basic banking and Islamic financing</li>
<li>Capital markets and foreign exchange gains</li>
<li>Outward remittances</li>
<li>Shariah-compliant structures</li>
<li>Services by Bursa Malaysia and Labuan-based institutions</li>
</ul>
<ol start="3">
<li> Private Healthcare (6%) </li>
</ol>
<img src="https://r2.myc.my/9d04d8a67d8283b10c78d09ae54444a042cdda7dc68f6bb707e40a0187ab412a" />
Applies only to non-Malaysians. Malaysian citizens are fully exempt, including for traditional and complementary treatments such as Malay, Chinese, Indian, Islamic medicine, chiropractic care, and physiotherapy.
<ol start="4">
<li> Private Education (6%) </li>
</ol>
<img src="https://r2.myc.my/5d6bbac4f3294df37ac6cea5eda7139c3ce24131e9f8302fd3ac1e2fa641d494" />
Only affects:
<ul>
<li>Private preschools, primary, and secondary schools charging over RM60,000 annually per student</li>
<li>Higher education institutions for international students</li>
</ul>
Malaysians and persons with disabilities are exempt.
<ol start="5">
<li> Beauty Services (8%) </li>
</ol>
<img src="https://r2.myc.my/4a6975b08f4460e98298a32f97b71f1fb05daf98a80973dda3990dd6d3dede35" />
Includes facials, hairdressing, tattoos, body slimming, and similar services provided by businesses earning over RM500,000 annually.
<ol start="6">
<li> Rental and Leasing (8%) </li>
</ol>
Imposed on companies with revenue over RM500,000 per year from leasing or rental services. Exemptions include:
<ul>
<li>Residential property rentals</li>
<li>Reading materials</li>
<li>Financial leases</li>
<li>Tangible assets located overseas</li>
<li>MSMEs and B2B transactions</li>
<li>Existing contracts (12-month grace period)</li>
</ul>
Business and Market Response
&nbsp;<img src="https://r2.myc.my/3a14e8e0b78dbd1517971a48fe904e1bcff718e67cf3105ab5326ae833557064" />
Despite consumer concerns over potential price hikes, analysts from CIMB Securities and Hong Leong Investment Bank have suggested the expanded SST will have a limited impact on inflation and broader economic performance.
CIMB warned of potential margin pressure for consumer-facing businesses, especially those selling discretionary or luxury goods, as companies may absorb part of the cost increases to maintain affordability. Conversely, essential goods manufacturers and retailers are expected to weather the changes better, buoyed by consistent demand.
HLIB, meanwhile, maintains that sectors such as construction, banking, and healthcare are largely insulated due to cost pass-through capabilities and strong regional competitiveness.
The Finance Ministry projects inflation to remain within a manageable range of 2.0% to 3.5%, thanks to the targeted nature of the revised tax framework.
A Grace Period for Compliance
To ease the transition, the government has announced a non-punitive grace period until the end of 2025, during which no enforcement action will be taken against businesses making a genuine effort to comply.
Further clarity is expected in the coming weeks, as the Finance Ministry and Royal Malaysian Customs Department will issue detailed guidelines, regulations, and FAQs to help businesses and consumers navigate the updated SST regime.
While Malaysians brace for the SST expansion, it is clear the government has opted for a targeted, strategic approach &mdash; exempting essentials while taxing luxury goods and services more likely consumed by higher-income groups. Businesses will need to adapt quickly, but with transitional support and careful policy design, the impact on everyday Malaysians may be less severe than feared.
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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From beauty salons to imported fruit, the revised tax regime reshapes daily spending — but essentials remain untouched.

7ee901e8ec232ee1da27c3658125b1ba51c4f28800ec30d691cce92f81abb302

Malaysia’s Expanded SST Kicks In This July: What You Need to Know

Malaysian K-pop fans, mark your calendars&mdash;South Korean soloist B.I is set to make a grand return to Kuala Lumpur this 21 September (Sunday) as part of his 2025 Asia tour, titled The Last Parade. Known for his raw lyricism, emotive storytelling, and powerful stage presence, B.I will be performing at the Mega Star Arena in Bukit Bintang at 7PM, promising a night of music, connection, and unforgettable memories.
This stop in Malaysia is one of several across Asia as the former iKON member continues to strengthen his solo journey with a tour that spans multiple cities.
Full Line-Up of Asia Tour Stops
&nbsp;<img src="https://r2.myc.my/f8ec300c533e637a38b469fdc19188dba18debfbcabe7cc9c29c1aa2f18dc6a7" />
The 2025 The Last Parade Asia tour will take B.I across key cities in the region, including:
<ul>
<li>Seoul &ndash; 26&ndash;27 June</li>
<li>Macao &ndash; 2 August</li>
<li>Taipei &ndash; 8 August</li>
<li>Bangkok &ndash; 16 August</li>
<li>Ho Chi Minh City &ndash; 23 August</li>
<li>Jakarta &ndash; 13 September</li>
<li>Singapore &ndash; 20 September</li>
<li>Kuala Lumpur &ndash; 21 September</li>
</ul>
Kuala Lumpur serves as the final Southeast Asian stop before B.I wraps up this leg of the tour.
Who is B.I?
&nbsp;<img src="https://r2.myc.my/4392edd821907a371841b79829eebe1f941e3167e02131e30afe0edf9817e78e" />
B.I, born Kim Han-bin, is a South Korean rapper, singer-songwriter, and producer celebrated for his introspective lyricism and genre-blending musicality. He first rose to prominence as the leader and main songwriter of iKON, a boy group formed under YG Entertainment. The group&rsquo;s debut in 2015 with Welcome Back was a commercial success, producing chart-topping hits like &ldquo;My Type,&rdquo; &ldquo;Rhythm Ta,&rdquo; and the emotional ballad &ldquo;Apology.&rdquo; B.I quickly established himself as a standout in the industry thanks to his songwriting prowess and commanding stage presence.
<iframe src="https://www.youtube.com/embed/blSCDrx0CDA" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
After parting ways with iKON in 2019, B.I embarked on a solo career that has been marked by both creative freedom and critical acclaim. His first full-length solo album, Waterfall (2021), and subsequent projects like COSMOS (2021) and Love or Loved (L.O.L) series (2022&ndash;2023), showcased a more vulnerable, reflective side of the artist. Tracks like &ldquo;Illa Illa,&rdquo; &ldquo;BTBT&rdquo; (featuring DeVita and Soulja Boy), and &ldquo;Got It Like That&rdquo; further solidified his position as a compelling solo act on the global stage.
B.I has received several accolades throughout his career, both with iKON and as a solo artist. Notably, he won Songwriter of the Year at the 2018 Melon Music Awards for his work on iKON&rsquo;s mega-hit &ldquo;Love Scenario,&rdquo; which also earned Song of the Year at the 2018 Mnet Asian Music Awards (MAMA).
Beyond music, B.I has continued to connect with fans worldwide through sold-out tours, humanitarian efforts with organizations like World Vision, and consistent engagement with his growing international fanbase. His journey&mdash;from idol group leader to introspective soloist&mdash;has been a testament to his resilience, artistry, and evolution in the ever-shifting landscape of K-pop.
Ticket Details and Exclusive Fan Benefits
<img src="https://r2.myc.my/6675c5a333be9a386193fb716acbb41acfebe6b4ce7c8a9226ab56da18510e3c" />
Tickets for the Kuala Lumpur concert go on sale this Friday, 13 June at 12PM, via <a href="http://www.ticketingtix.com">www.ticketingtix.com</a>. Prices range from RM358 to RM888, excluding a RM4 processing fee. Fans are encouraged to act quickly, especially for premium categories that include exclusive perks and are expected to sell out fast.
Ticket Categories and Perks:
<ul>
<li>PARADE (Standing) &ndash; RM888 Benefits: Goodbye session, sound check access, group photo with B.I (20:1), official poster for all attendees, 50 signed posters, and 25 pieces of signed merchandise.</li>
<li>MAGIC (Standing) &ndash; RM788 Benefits: Goodbye session, sound check access, group photo with B.I (20:1) for 60 fans, official poster for all, 50 signed posters, and 25 pieces of signed merchandise.</li>
<li>YOUTH (Seated) &ndash; RM558 Benefit: Official poster for all attendees.</li>
<li>GROWN (Seated) &ndash; RM358 Benefit: Official poster for all attendees.</li>
</ul>
These benefits offer fans not just entry to the show but also a chance at rare, personal moments with the artist, making the concert a highly personalised fan experience.
B.I&rsquo;s Artistic Growth and Global Reach
<img src="https://r2.myc.my/2112f6729aec47520d9505dca43ccb01ffac4baa49747c00548c4dc5e96d32f0" />
Since his solo comeback in 2021 under his self-founded label 131, B.I has consistently pushed the boundaries of K-pop artistry. His introspective lyrics, genre-blending sound, and distinct musical identity have won him acclaim not only in South Korea but on a global scale.
He has taken the stage at international festivals such as Lollapalooza and Rolling Loud, reinforcing his appeal beyond traditional K-pop audiences. His solo discography continues to evolve with themes of love, loss, and self-discovery&mdash;reflected both in studio albums and on stage.
A New Era with Wonderland
The tour comes in conjunction with the release of B.I&rsquo;s third full-length studio album, Wonderland, a project that has already sparked excitement among fans. The 11-track album is expected to be a centrepiece of the concert, with B.I showcasing both new material and beloved hits from his earlier releases.
<iframe style="border-radius: 12px;" src="https://open.spotify.com/embed/album/6kAIg4on5PAYArTdNvywdV?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe>
Attendees can look forward to a wide-ranging setlist, including songs from Waterfall, To Die For, and the critically acclaimed EP series Love or Loved Part.1 and Part.2. The combination of new sounds and fan-favourite tracks will likely make for an emotionally resonant and musically rich live experience.
A Night Not to Be Missed
Whether you&rsquo;re a long-time supporter or a new fan, The Last Parade in Kuala Lumpur promises to be one of the year&rsquo;s most memorable K-pop events. With a deeply personal setlist, fan-centric experiences, and B.I&rsquo;s undeniable stage charisma, this is a concert that no ID (short for &ldquo;Be Identity&rdquo;&mdash;his fandom) should miss.
Set your alarms for 13 June, and prepare for a night where music, memory, and meaning converge under one roof! Are you excited for his concert because we definitely know we are!
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Missed B.I’s last stop in KL? He’s giving fans another shot this September!

5bbf454d327350db3f34e8e2a402ce957a2ee0fae222c48812de2f47a830cd68

B.I Returns To Kuala Lumpur This September For ‘The Last Parade’ 2025 Asia Tour

The nation was left reeling in grief on 9 June following the horrific crash along the East-West Highway (Jalan Raya Timur-Barat) near Tasik Banding, Gerik, which claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. The fatal accident involved a tour bus carrying 42 students and a Perodua Alza multi-purpose vehicle (MPV), leaving 33 others injured, including both vehicle drivers.
Read: <a href="https://myc.my/articles/4360/tragedy-on-the-east-west-highway-15-upsi-students-killed-in-overturned-bus-crash-near-tasik-banding">Tragedy On The East-West Highway: 15 UPSI Students Killed In Overturned Bus Crash Near Tasik Banding</a>
Dashcam Footage Emerges as Crucial Evidence
Police have confirmed that dashcam footage from a vehicle travelling near the crash site has been handed over and is now central to the investigation. The 38-second clip, which has since gone viral online, shows the bus speeding along the highway, overtaking another vehicle, and then losing control before toppling onto its side and crashing into a guardrail. The footage ends with the bus colliding with the Alza MPV behind.
<iframe style="border: none; overflow: hidden;" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Freel%2F681115328050549&amp;width=500&amp;show_text=true&amp;height=671&amp;appId" width="500" height="671" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen"></iframe>
Perak Police Chief Datuk Noor Hisam Nordin said the dashcam footage was submitted voluntarily, and officers will soon record a statement from the owner. &ldquo;We believe this video can help determine critical factors such as the bus&rsquo;s speed and road conditions at the time,&rdquo; he said during a press briefing at Raja Permaisuri Bainun Hospital.
He confirmed initial observations suggest the bus was travelling at high speed and the front of the vehicle was penetrated by the metal railing upon impact. This would explain why victims seated on the left side of the bus bore the brunt of the collision. &ldquo;Most injuries were to the left shoulder. The bus landed on its left, causing passengers to be thrown sideways,&rdquo; Noor Hisam said.
Survivors Describe Terrifying Moments Before the Crash
&nbsp;<img src="https://r2.myc.my/89db6abc8cde7b44109e09d51efb6f173b8372e95eb19d4be53dcda9fa93554c" />
Among the survivors was 22-year-old student Nur Irdina Huri, who recounted the chilling moments before the bus overturned. &ldquo;The bus was going downhill fast, swaying dangerously. I wasn&rsquo;t asleep and could smell something burning. Everything happened so fast,&rdquo; she told reporters from her hospital bed.
Nur Irdina, a student of Early Childhood Education, managed to escape through a small gap in the wreckage. She suffered waist injuries and a sprained ankle. &ldquo;It was pitch black and chaotic. I couldn&rsquo;t help my friends &ndash; I couldn&rsquo;t even see them.&rdquo;
Another student who lost her life in the accident was 22-year-old Wan Nur Suhaila Wan Muhammad. Her brother, Wan Muhammad Sham, 31, said she had returned home to celebrate Aidiladha with all nine siblings. &ldquo;She cooked mee celup for the entire family before heading back to campus. None of us expected that to be our final meal together,&rdquo; he said.
<img src="https://r2.myc.my/c7a16f10b31b4c9ee417de474077aec27c88c7b17ccc7fa2ea9e4582dbc042e8" />
In a separate conversation with a UPSI student, she shared that one of her friends had also encountered issues with a bus service. Following news of the UPSI crash, the driver of that bus chose to cancel the trip, reportedly unwilling to take any risks after the tragic incident.
She also mentioned that several passengers on the crashed bus had sensed something was amiss earlier in the journey. However, none of the students dared to raise their concerns with the driver, fearing he might react aggressively if confronted.
Road Conditions and Human Error in Focus
&nbsp;<img src="https://r2.myc.my/0b80634a58c57c567fa9a86b826345885ac4913ec552a5ca59d0d235040b703e" />
The crash occurred around 1 AM in wet and dark conditions, on a downhill stretch with poor visibility and no road markings. Noor Hisam, who visited the site himself, confirmed the road was unlit and steep. &ldquo;There are no clear lines on the road. It was raining earlier, and everything was dark,&rdquo; he said.
He also noted that the bus narrowly avoided plunging into a ravine on the other side of the guardrail. &ldquo;Most of the victims were found near a ditch beside the railing. Survivors had to crawl out of the wreckage,&rdquo; he added.
Police have yet to conclude whether the cause was due to human error, technical failure, or road conditions. Statements from survivors, forensic analysis, and dashcam footage will all contribute to the final report.
Authorities and Agencies Respond
 <img src="https://r2.myc.my/4e3190a30d1960ba22fd3dcc188f3d8fd43fbe7b4618ab6656de6e51aee1ee46" /> Right: Sultan Nazrin Shah consoles the grieving parent of one of the deceased victims at Hospital Raja Permaisuri Bainun.
Transport Minister Anthony Loke confirmed that the Land Public Transport Agency (APAD) has issued a show-cause letter to the bus company involved. Meanwhile, the Road Transport Department (JPJ) is conducting a Safety Inspection and Audit (JISA) on the vehicle and its operator, under the Road Transport Act 1987 and the Land Public Transport Act 2010.
&ldquo;Strict action will be taken once investigations are complete. Every life lost is a tragedy not just for the families, but for the nation,&rdquo; said Loke in a statement on social media.
Sultan of Perak, Sultan Nazrin Shah, has also weighed in, calling for immediate preventive action. His Royal Highness stressed the need to address weaknesses in road safety laws and enforcement to avoid such tragedies in future.
Community Mourns, Support Pours In
&nbsp;<img src="https://r2.myc.my/db8251ba34721309fafaac7e2348fa048f26292999df3884f3295584246aefb3" />
The Malaysian Association of Tour Agencies (MATA) labelled the accident a &ldquo;national emergency&rdquo; requiring swift government response. Similarly, the National Institute of Occupational Safety and Health (NIOSH) urged public transport companies to improve driver safety and adopt better occupational safety measures.
UPSI Vice-Chancellor Prof Datuk Dr Md Amin Md Taff said the university is offering logistical and emotional support to the victims&rsquo; families. Each affected family has been assigned a liaison officer to coordinate assistance. &ldquo;We are helping with accommodation and any other necessary support,&rdquo; he said.
The Ministry of Higher Education (KPT) has also announced that the next of kin of the deceased will receive RM2,000 in initial financial assistance, along with an additional RM1,000 in disaster relief funds to help with funeral arrangements.
Farewell to the Fallen
<img src="https://r2.myc.my/a46e47d6375837d51a02b1c90ef3423920e3f9c62476369380b15193172347aa" />
A convoy of hearses carrying 13 of the deceased students left the Raja Permaisuri Bainun Hospital in Ipoh at around 8.55 PM en route to Jertih, Terengganu, where the victims&rsquo; funerals were held. The other two bodies were transported from Gerik Hospital earlier in the evening.
Funeral prayers were conducted at Masjid Hadhari before the students were laid to rest in their respective hometown cemeteries. UPSI also dispatched a contingent of 160 students from Tanjong Malim to Jertih to pay their final respects to their fallen peers.
As the country continues to mourn, the public and authorities alike are calling for accountability, reform, and remembrance for the lives lost on what was meant to be a safe journey back to campus after a festive holiday.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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&nbsp;

Survivors say the bus was speeding and a burning smell was detected moments before the crash.

d02d8ce321b65166b73f7e0f552e184b9c1d558218cbc680ff12265777176a6f

Viral Dashcam Footage Reveals Final Moments Of Deadly UPSI Bus Crash

At a time when many Malaysians are voicing concerns over the rising cost of living, stagnant wages, and economic pressures, it is worth taking a step back to consider how the country is perceived by others, particularly foreigners who view Malaysia as a land of opportunity. One such voice is that of Sofi, an Indonesian woman whose personal journey in Malaysia has recently gone viral on TikTok. Her story offers a refreshing perspective on the advantages of living and working in the country.
Leaving Home for Better Prospects
Sofi&rsquo;s migration to Malaysia began in 2016, initially as a student furthering her education. But her long-term ambition was clear &mdash; she wanted to build a stable and successful life abroad. Although it meant leaving loved ones behind in Indonesia, the promise of greater opportunities, better pay, and a more conducive working environment gave her the motivation to take the leap.
She started her job search like many others, using common recruitment platforms such as LinkedIn and Jobstreet. But for the role she eventually secured at a tech company, she chose a different path &mdash; applying directly through the company&rsquo;s website. The risk paid off, and she was hired.
<blockquote class="tiktok-embed" style="max-width: 605px; min-width: 325px;" cite="https://www.tiktok.com/@anakmerantauu/video/7506521466763169042" data-video-id="7506521466763169042">
<section><a title="@anakmerantauu" href="https://www.tiktok.com/@anakmerantauu?refer=embed" target="_blank" rel="noopener">@anakmerantauu</a> Ga cuma di Taiwan aja yang banyak orang Indo nya👀 Ada yang tertarik kerja di Malaysia?🇲🇾 <a title="indotaiwan" href="https://www.tiktok.com/tag/indotaiwan?refer=embed" target="_blank" rel="noopener">#indotaiwan</a> <a title="kerjaditaiwan" href="https://www.tiktok.com/tag/kerjaditaiwan?refer=embed" target="_blank" rel="noopener">#kerjaditaiwan</a> <a title="kerjadimalaysia" href="https://www.tiktok.com/tag/kerjadimalaysia?refer=embed" target="_blank" rel="noopener">#kerjadimalaysia</a> <a title="♬ sonido original - Selectomusic | #GoodMusic" href="https://www.tiktok.com/music/sonido-original-7352613124358425349?refer=embed" target="_blank" rel="noopener">♬ sonido original - Selectomusic | #GoodMusic</a></section>
</blockquote>

<script async="" src="https://www.tiktok.com/embed.js"></script>

In her TikTok video, Sofi explained that one of the key reasons she chose Malaysia over other destinations was its geographical proximity to Indonesia. This made the transition more manageable, both culturally and logistically. Malaysia&rsquo;s shared elements &mdash; from food to language and religion &mdash; made it easier for her to adapt compared to countries further afield.
She also noted that among her peers back home, Malaysia has built a reputation as a relatively accessible destination for work and study, especially for those looking to escape the limitations of Indonesia&rsquo;s domestic job market.
Better Pay and Tangible Benefits
<img src="https://r2.myc.my/898db9ee463fc858086150067d58819204cf214c9f74853f4572a1417ba66fff" />
A standout factor in Sofi&rsquo;s decision to remain in Malaysia post-graduation was the significantly higher earning potential. She mentioned that earning RM3,000 per month is considered a high income by Indonesian standards, especially for young professionals. This salary not only covered her living expenses but also allowed her to save &mdash; something that might not have been possible had she stayed in her home country.
What truly impressed her, however, was the Employees Provident Fund (EPF), or Kumpulan Wang Simpanan Pekerja (KWSP). She highlighted the 12&ndash;13% employer contribution as being much higher than what she would have received back home. This benefit, she said, made her feel more financially secure and gave her the assurance that she was building long-term savings.
Years of disciplined saving eventually paid off, and Sofi proudly shared that she was able to purchase her own car in Malaysia, spending around 40 million rupiah, or approximately RM10,440. While she didn&rsquo;t specify whether the car was new or used, the purchase marked a major personal milestone.
Interestingly, she still chooses to rely on public transport, particularly the LRT, for her daily commute. She finds it more convenient for navigating Kuala Lumpur&rsquo;s urban sprawl and noted that the city&rsquo;s rail network makes it relatively easy to get around without the stress of traffic or parking.
Criticisms: A Car-Centric, Pedestrian-Unfriendly Nation?
Sofi&rsquo;s video struck a chord with many viewers, drawing in comments from both Malaysians and fellow Indonesians. Many were quick to agree with her views, stating that Malaysia offers strong advantages for foreign workers &mdash; especially in terms of employment opportunities, overtime pay, and relatively straightforward hiring requirements.
One TikTok user from Indonesia wrote: &ldquo;It&rsquo;s totally worth working in Malaysia because most jobs in every state offer overtime pay. Plus, the job criteria are not that complicated.&rdquo;
However, not everyone was entirely convinced. Some questioned Sofi&rsquo;s car purchase claim, arguing that new cars in Malaysia typically cost more than RM10,000 unless second-hand. Others used her story to highlight areas where Malaysia still falls short, particularly in urban planning.
Among the critical feedback were comments from Indonesians who had visited or lived in Malaysia and felt that the country lacked pedestrian-friendly infrastructure. &ldquo;It&rsquo;s really not friendly for walking,&rdquo; one user commented. &ldquo;Compared to Indonesia, Malaysia is even harder to walk around in. It&rsquo;s very car-centric.&rdquo;
Here&rsquo;s some of the comments:
<img src="https://r2.myc.my/e4387d958d4e14ad38e2e0b9da6c7f6663c33a9e4f2cdfcde374700b679ca1da" />
This sentiment reflects a long-standing critique of Malaysian city planning, particularly in Kuala Lumpur, where walkability, shade, and safety for pedestrians often take a back seat to road and highway development. Nevertheless, the increasing availability of trains and buses in recent years has improved access for many without personal vehicles.
Malaysia as a Land of Opportunity &mdash; With Room for Growth
Sofi&rsquo;s story is just one of many that reflect the aspirations and decisions of foreign professionals who choose Malaysia as their home away from home. Her experience highlights how Malaysia remains an attractive destination for talent &mdash; offering competitive salaries, meaningful employment, financial benefits, and access to modern conveniences.
For Malaysians, her perspective might serve as a reminder that while the country faces real economic and social challenges, it still holds many advantages in the broader regional context. With continued reforms, better urban development, and fair wage practices, Malaysia has the potential to retain local talent and remain a magnet for skilled workers from abroad.
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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With better wages, stronger benefits, and long-term prospects, she says Malaysia was the right move.

2329d171a1cc919ed7667c5a15aaba4b78a3fa2f709687b768adbf7055d8a5c3

Indonesian Woman Builds Her Life In Malaysia, Calls EPF A Major Advantage

Shopee sellers are bracing for yet another increase in operational costs as the e-commerce platform confirmed a hike in its SPayLater seller fee. The change, set to take effect on 8 May 2025, will see the fee rise from 3.5% to 4.5% for all completed orders involving the SPayLater payment option.
The update was announced through Shopee&rsquo;s official Seller Education Hub, continuing a trend of rising charges for merchants using the platform.
What Is SPayLater? 
<img src="https://r2.myc.my/a62796e4303ff33bf724897f79a3f39b982bad43119b1080a6710fedfa3de146" />
SPayLater is Shopee&rsquo;s Buy Now, Pay Later (BNPL) scheme, designed to give buyers flexibility in managing their purchases. The feature enables customers to split their payments over installment plans ranging from one to 24 months. Instalments up to three months typically carry no extra fees for buyers, but longer tenures can incur charges of up to 36%, depending on the duration.
However, while buyers may choose whether or not to use SPayLater, sellers are automatically enrolled in the programme with no option to opt out. This means they must absorb the associated transaction fee regardless of whether they benefit directly from the instalment feature.
Why Are Sellers Frustrated?
&nbsp;<img src="https://r2.myc.my/e816e805f983200358e1b1830eb38cfdc3be9218e22e47533de142280683cf1c" />
The fee hike has been met with widespread frustration among Shopee merchants, many of whom took to online seller communities to express their discontent. One recurring point of criticism is the lack of transparency&mdash;Shopee has not provided any formal explanation for the increase.
Many sellers are questioning why they are being penalised when it is ultimately the buyer&rsquo;s decision to use the SPayLater facility. The platform&rsquo;s insistence on making SPayLater mandatory for eligible sellers has only fuelled further resentment.
A number of sellers have even suggested raising their prices to cushion the impact of the new fee, potentially making Shopee less competitive for buyers as a result.
Sellers Speak Out: &ldquo;It&rsquo;s Getting Too Much&rdquo;
Among those voicing concern is Loh, a power tool seller who requested partial anonymity. Speaking to local media, Loh said that the compounding cost of selling on Shopee&mdash;including this new SPayLater fee&mdash;is driving him to reconsider the platform entirely.
&ldquo;My business has to contend with more and more extra fees, and I&rsquo;d need to hire someone just to operate and manage the sales channel,&rdquo; he said. &ldquo;That&rsquo;s pushed my business away from focusing too much effort towards selling on Shopee.&rdquo;
A Pattern of Increasing Charges
&nbsp;<img src="https://r2.myc.my/5268806b0bc67a485230899cca302a30408a47ee615a61836d3eb4fcd5c7d8bc" />
This latest update follows a previous hike in August 2024, when Shopee increased its general Transaction Fee for sellers from 2% to 3.5%&mdash;a move that excluded SPayLater and credit card payments at the time. That change, too, received criticism from small business owners struggling to maintain margins on the platform.
It&rsquo;s also worth noting that the new 4.5% SPayLater fee is subject to Malaysia&rsquo;s 8% Sales and Service Tax (SST), effectively making the total cost to sellers even higher.
Shopee&rsquo;s Justification &mdash; and What&rsquo;s Missing
While Shopee has highlighted that SPayLater can increase a seller&rsquo;s gross merchandise value by offering flexible payments to buyers, it has not justified the fee hike directly or provided any context for the additional cost burden. The omission has left many sellers feeling alienated, especially as BNPL platforms typically share costs across both buyers and sellers in a more transparent manner.
What&rsquo;s Next for Shopee Sellers?
As sellers scramble to adjust to the updated fee structure, questions remain about Shopee&rsquo;s long-term strategy and its impact on small and medium-sized businesses. If costs continue to rise without improved support or clearer communication, more sellers like Loh may look to alternative platforms or offline sales.
For now, the 4.5% fee for SPayLater orders will go into effect from 8 May 2025, and sellers will have no choice but to comply &mdash; or reconsider their future on the platform.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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To offset the higher fee, some sellers may begin raising their product prices.

d833dc61e66b6ef0a5823f527e207e67a587df0bf7f6b63aee2eaa945ecfefb6

Shopee Hikes SPayLater Seller Fee To 4.5% From 8 May

Malaysia&rsquo;s real wages have deteriorated drastically over the past four decades, leaving today&rsquo;s workforce with significantly reduced purchasing power, former Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim warned in a recent interview with Sinar Harian. He remarked that many Malaysian graduates are now trapped in low-income jobs despite the country&rsquo;s economic growth, and are increasingly unable to meet basic life milestones such as home or car ownership.
Recalling his own experience, Muhammad said he earned RM1,300 upon entering the job market in 1984. Today, a typical fresh graduate earns between RM2,000 and RM3,000 monthly&mdash;a marginal increase in nominal terms that doesn&rsquo;t reflect the sharp rise in living costs. When adjusted for inflation&mdash;assuming a conservative annual rate of 5%&mdash;today&rsquo;s graduates should be earning closer to RM7,000 to RM8,000 to match the purchasing power of their 1980s counterparts.
&ldquo;In real terms, salaries today are only a third of what they used to be,&rdquo; he said, adding that if current trends continue, today&rsquo;s young people may never enjoy the same quality of life his generation did.
The Rise of the Low-Income Graduate
&nbsp;<img src="https://r2.myc.my/8b9b1df643980df936b15d80d18d4cd0dc132c1876493e893f16a7f82f9ea0b9" />
Quoting recent data from the Ministry of Higher Education, Muhammad pointed out that around 40% of university graduates today earn less than RM2,000 per month in their first job. He believes this is a clear indication that the country&rsquo;s education and economic systems are not aligned with the demands of a competitive, modern workforce.
&ldquo;Without major reforms in our education and economic frameworks, we are condemning our youth to a future dominated by low-skilled, low-paying jobs,&rdquo; he said. He warned that Malaysia continues to lag behind other nations that were once on par with or even behind Malaysia in the 1960s, including Taiwan, South Korea, China, and Japan&mdash;all of which now enjoy far higher standards of living due to sustained structural reform.
Foreign Labour Suppressing Wage Growth
&nbsp;<img src="https://r2.myc.my/5406ec1a17a9d7bf3194d18b8d4f0f3a9b308046fa34fae7aa9052f441ee73c0" />
Muhammad also addressed the impact of Malaysia&rsquo;s heavy reliance on foreign labour, which has contributed to wage stagnation&mdash;particularly for the country&rsquo;s B40 income group. As of 31 December 2024, there were 16.78 million workers in the country, with 2.37 million or roughly 14% of them being foreign workers.
These foreign workers primarily fill 3D (dirty, dangerous, and difficult) jobs in sectors such as construction, manufacturing, agriculture, food services, and domestic work. While these jobs are often shunned by locals, the influx of low-cost labour from countries like Indonesia, Bangladesh, and Nepal has created wage suppression for Malaysians in similar roles.
&ldquo;When employers can hire workers cheaply, they have no incentive to raise wages for locals. This affects our citizens directly, particularly those in the B40 segment,&rdquo; Muhammad explained.
A Growing Brain Drain: Nurses, Labourers, and the Search for Better Pay
&nbsp;<img src="https://r2.myc.my/98e2ef14dd46045ab74a765328aa4a01be2305e38cc96f307eb39f9fb5a9095d" />
Malaysia is not only failing to retain its skilled workforce&mdash;it is also losing talent to neighbouring countries with better wages. Muhammad highlighted that many local nurses are now migrating to Singapore, Saudi Arabia, or the UAE, where they can earn two to four times more than they would at home.
For example, JobStreet data shows that a nurse in Malaysia earns between RM2,700 and RM3,400 a month, while in Singapore, the salary ranges from RM11,000 to RM13,000. Even Saudi Arabia offers nearly RM7,000 per month.
Beyond white-collar professionals, Muhammad noted an increase in Malaysians crossing into Singapore to perform menial work. &ldquo;This isn&rsquo;t just brain drain&mdash;it&rsquo;s now even low-skilled drain,&rdquo; he said. &ldquo;If we don&rsquo;t address this soon, Malaysia may one day become a labour-exporting country, with our children working as maids or labourers abroad.&rdquo;
Income Reclassification Misses the Bigger Picture
In response to the government&rsquo;s recent proposal to update income classifications&mdash;changing the B40, M40, and T20 system to B20, M50, and T30 based on consumption data&mdash;Muhammad said the new categorisation risks masking the real challenges of wage stagnation and cost-of-living pressures.
He argued that income-based benchmarks remain critical, as consumption patterns can be misleading, particularly when driven by debt or necessity. &ldquo;If you use the older income definitions, the B40 group probably now encompasses 60% of the population, not just 40%, due to post-COVID economic strain, low savings, and wage stagnation.&rdquo;
GDP Growth Is Not the Only Measure of Progress
&nbsp;<img src="https://r2.myc.my/22a9e4e83055f7cdd1d63ffcdcda10cf416dc4f30fb6da1e70054dc4586bb5bf" />
Muhammad also criticised the nation&rsquo;s obsession with GDP growth as a benchmark for success. &ldquo;GDP doesn&rsquo;t put food on the table,&rdquo; he said bluntly. &ldquo;Real progress should be measured through employment quality, wage growth, and job structure&mdash;not aggregate output.&rdquo;
He noted that at international forums such as the World Economic Forum in Davos, discussions in developed countries have shifted from GDP to employment outcomes. &ldquo;The real question they ask is: what kinds of jobs are being created? That&rsquo;s where Malaysia needs to start focusing,&rdquo; he added.
Urgent Reforms Needed to Avoid Long-Term Decline
Despite the grim outlook, Muhammad said Malaysia still has time to reverse course. He pointed to the remarkable growth trajectories of East Asian economies that once had lower per capita incomes than Malaysia but have since surged ahead through long-term reform in education, technology, and governance.
&ldquo;We cannot continue benchmarking ourselves against regional peers who are also struggling. We must aim higher,&rdquo; he said.
He concluded with a warning: &ldquo;Without a bold and decisive push for structural change, we risk raising a generation that is poorer than the last, unable to afford homes, education, or healthcare, and forced to look overseas for dignity and opportunity.&rdquo;
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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Adjusted for inflation, graduate salaries today should be at least RM7,000 to RM8,000. 

1254876841663624d39e980db9c2b93f80e0bd826af3bf2c5e6c4faf4ff6f6b7

Former BNM Governor: Malaysian Real Wages Have Dropped Threefold Since The 1980s

Conservative American commentator Bill O&rsquo;Reilly has reignited tensions with Malaysia after doubling down on controversial remarks suggesting Southeast Asian countries, including Malaysia, lack the financial means to benefit from Chinese trade relations. The former Fox News host&rsquo;s comments drew sharp criticism from Prime Minister Datuk Seri Anwar Ibrahim, who accused O&rsquo;Reilly of holding a worldview rooted in colonialism and racial superiority.
Xi Jinping&rsquo;s Regional Tour Sparks Economic Debate 
&nbsp;<img src="https://r2.myc.my/2f7aebc041329cdd6e457b355330ed4e677bf6ab968aa120dfb644b6e0da3bc7" />
The dispute stems from Chinese President Xi Jinping&rsquo;s recent diplomatic tour of Malaysia, Vietnam, and Cambodia &mdash; a strategic move by Beijing in light of escalating trade tensions with the United States, including a newly imposed 145% tariff on Chinese goods.
O&rsquo;Reilly responded to Xi&rsquo;s visit by questioning the economic value of China&rsquo;s outreach to the three Southeast Asian nations. He suggested these countries lacked the financial capacity to purchase Chinese-made products, sarcastically declaring: &ldquo;We have the money, we buy stuff. The &lsquo;Malays&rsquo; aren&rsquo;t gonna buy your stuff. They don&rsquo;t have any money.&rdquo;
His use of the ethnic term &ldquo;Malays&rdquo; to generalise the entire Malaysian population further provoked backlash online, with many accusing O&rsquo;Reilly of cultural ignorance and racial insensitivity. Read: <a href="https://myc.my/articles/4248/xi-jinpings-southeast-asia-tour-draws-mockery-from-us-commentator-but-malaysias-economic-numbers-tell-a-different-story">Xi Jinping&rsquo;s Southeast Asia Tour Draws Mockery From US Commentator &ndash; But Malaysia&rsquo;s Economic Numbers Tell A Different Story</a>
Anwar Hits Back: &ldquo;Xenophobia, Racism, and Colonial Arrogance&rdquo;
&nbsp;<img src="https://r2.myc.my/08bbca4443221f96e4102a5acfecd8f583bbc2966c981a0e99634993d3cc665c" />
In a strong rebuttal, Prime Minister Anwar Ibrahim lambasted O&rsquo;Reilly&rsquo;s statements as not only factually flawed but also emblematic of a deeper, more insidious mindset.
&ldquo;He is clearly trapped in a narrow worldview shaped by colonialism, racism, and xenophobia,&rdquo; said Anwar, who also serves as Malaysia&rsquo;s Finance Minister. &ldquo;It reflects a deep ignorance of the socioeconomic realities in Southeast Asia and a belief that only their group or nation is successful.&rdquo;
Anwar&rsquo;s remarks were widely supported by Malaysians and regional observers, who viewed O&rsquo;Reilly&rsquo;s comments as dismissive of the economic progress made by developing nations in Asia.
O&rsquo;Reilly Responds with More Provocation &mdash; and Geography Errors
In a subsequent YouTube video, O&rsquo;Reilly read out Anwar&rsquo;s response, appearing both amused and unrepentant. He reiterated his claim that Malaysians &ldquo;don&rsquo;t have money&rdquo; by citing Malaysia&rsquo;s household income per capita, which he claimed stands at US$5,731 annually (~RM25,110), compared to the US figure of US$42,220 (~RM184,585).
&ldquo;That's eight times higher,&rdquo; O&rsquo;Reilly declared. &ldquo;So if you want to buy a little hat, and you're only making five grand a year, you're not gonna buy it. You're not getting Chinese takeout either in Kuala Lumpur. You're barely eating.&rdquo;
He added, &ldquo;China is not going to be able to sell its stuff in your country, or Vietnam, or Cambodia. Got it?&rdquo;
<iframe src="https://www.youtube.com/embed/V85NEV6pQZM" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
Despite the inflammatory tone, O&rsquo;Reilly did attempt to soften his comments by acknowledging that Malaysia is a &ldquo;beautiful&rdquo; country &mdash; albeit one he described as &ldquo;complicated.&rdquo; He also claimed he wanted the country to succeed but cheekily concluded, &ldquo;this &lsquo;colonialist&rsquo; has told the truth.&rdquo;
However, the commentator went on to confuse Malaysia with Indonesia, wrongly stating that former US President Barack Obama was &ldquo;partially raised in Malaysia.&rdquo; In fact, Obama spent part of his childhood in Indonesia &mdash; an entirely separate country. The factual gaffe further undermined O&rsquo;Reilly&rsquo;s credibility, especially among viewers in Southeast Asia.
The Flawed Economic Comparison: A Misunderstanding of Local Realities
&nbsp;<img src="https://r2.myc.my/ce282d27b51434ea8b4d878053177e3f809da63fcc1e8d47c8593eff0347b0dc" />
While the household income figures quoted by O&rsquo;Reilly are broadly accurate &mdash; with Malaysia&rsquo;s data taken from CEIC and correct as of late 2022 &mdash; his interpretation of those numbers lacks nuance. Economic analysts were quick to point out that comparing raw income figures between two vastly different economies without considering the cost of living and purchasing power parity (PPP) paints a misleading picture.
According to forecasts from Statista, Malaysia&rsquo;s household disposable income per capita is projected to rise to RM32,228 (~USD7,370) by 2025. When adjusted for PPP, the income disparity between Malaysia and the US narrows considerably, offering a more accurate representation of everyday purchasing power.
Furthermore, O&rsquo;Reilly&rsquo;s claim that Malaysians are &ldquo;barely eating&rdquo; and can&rsquo;t afford Chinese take-out in Kuala Lumpur drew widespread mockery online. In truth, Chinese cuisine is among the most common and affordable foods in Malaysia. Local Chinese restaurants, hawker stalls, and kopitiams offer hearty meals for as little as RM6 to RM20 &mdash; easily within the reach of most working and middle-class residents.
A Clash of Cultures &mdash; or Just Misinformation?
&nbsp;<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/bf8f9e0672ef18e5532af95f858eae6bc18c59785f744c785baa6a73d7f42766" />
O&rsquo;Reilly&rsquo;s long-standing relationship with US President Donald Trump and his deep roots in American conservative media have helped shape public opinion in the United States for decades. However, his latest comments have highlighted a broader issue: the cultural blind spots and outdated assumptions that still exist in Western commentary on Asia.
While O&rsquo;Reilly may find support from sections of the American right, many in Southeast Asia viewed his remarks as tone-deaf, outdated, and laced with condescension. As Anwar and others have pointed out, such statements not only misrepresent the region&rsquo;s progress but also reinforce dangerous stereotypes about the Global South.
Here&rsquo;s some of the comments from netizens:
<img src="https://r2.myc.my/286074c669df0c5f11a2f4de26b0e5871fcfc66b5acef40c8ea242c653e5fb72" />
Conclusion: More Than Just a Viral Clip
What began as a throwaway comment in a YouTube video has now morphed into a diplomatic and cultural flashpoint, illustrating how global discourse is increasingly shaped by online personalities with outsized influence.
In this case, Bill O&rsquo;Reilly&rsquo;s reductive take on Southeast Asia&rsquo;s economy sparked a much-needed conversation &mdash; not just about income disparities, but about the lingering legacies of colonial attitudes and the importance of understanding nations on their own terms.
&nbsp;What are your thoughts on this? Let us know in the comments.&nbsp;
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Even with eight times less household income per capita, Malaysians don’t suffer as much as the average American.

EPF Flexible Account 3 Could Begin In May With The Ability To Withdraw At Any Time

With Account 3, there’s a likelihood of lower returns than Account 1 and 2 as it’s like a savings account.

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