Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

TVET

talent

relocation

stability

job opportunity

workforce

working abroad

migrate

Many Malaysians aspire to reach the pinnacle of success, which is why we&rsquo;re often driven by big ambitions, constantly seeking better opportunities, whether at home or abroad.
Given the current circumstances in Malaysia, it&rsquo;s no surprise that many graduates consider pursuing careers overseas. Reasons include the appeal of earning in a stronger currency, which can significantly boost savings back home, or the desire to gain valuable international experience, especially when opportunities can sometimes feel limited here.
Almost 2 Million Malaysians Relocate To Work Abroad
<img src="https://r2.myc.my/86db81ef7abe4eacecd9f7a18ef49281151e00f1c90abf88c4e1e02c3e7ff4c5" />
A recent report revealed that a striking 1.86 million Malaysian professionals have opted to move abroad, pursuing better career opportunities and personal development. This substantial outflow highlights the challenges local talent faces in finding fulfilling opportunities at home.
Human Resources Minister Steven Sim Chee Keong, as reported by Sinar Harian, noted that this migration trend is outlined in the World Migration Report 2022 by the International Organization for Migration (IOM). According to the report, Malaysia&rsquo;s migration rate is 5.6% of the total population&mdash;significantly above the global average of 3.6%&mdash;translating to nearly 1.86 million Malaysians seeking futures abroad.
M&rsquo;sian Talents Divided Across Similar Countries
<img src="https://r2.myc.my/87ff315fe27dbba3334a9b366be1c3ee469ad91af6c7e89527bdeba05ca49999" />
Steven Sim provided insight into Malaysian migration patterns, highlighting the steady movement of professionals to countries like the United States, United Kingdom, and Canada.
In the United States, for example, a large portion of Malaysians hold at least a Bachelor&rsquo;s degree and contribute their skills in fields such as management, business, science, arts, and professional services.
In the United Kingdom, many Malaysians work in sectors like management, healthcare, hospitality, and professional services, with most also holding at least a Bachelor&rsquo;s degree. Likewise, in Canada, a similar trend emerges, with Malaysians engaged in technical services, management, and healthcare sectors.
This data, collected from TalentCorp and the World Bank, will be further examined in upcoming studies that aim to provide detailed breakdowns of ethnicity, age, migration motivations, and key destinations for Malaysians from 2018 to 2024.
Putting Effort To Bring Out M&rsquo;sian Talents Home
<img src="https://r2.myc.my/61e8b24e87addc68712be89278eec8bfa6c9f88a136da2a78753310f4e54f8f6" />
Despite the substantial brain drain, the Ministry of Human Resources has been actively implementing initiatives to address the issue and attract Malaysians back home. A key initiative in this effort is the Returning Expert Programme (REP), aimed at encouraging Malaysians working abroad to return and contribute to national growth.
Since its launch in 2011, the REP has processed 11,124 applications and successfully facilitated the return of 2,011 skilled professionals to Malaysia. This programme provides attractive incentives, including income tax exemptions, excise duty waivers for vehicles, and permanent resident status for family members, making it easier for Malaysians and their families to settle back into the country.
Through these efforts, the government aspires not only to retain local talent but to also create a supportive and appealing environment that encourages Malaysians abroad to come home, ultimately strengthening Malaysia&rsquo;s workforce and enhancing its global competitiveness.
<img src="https://r2.myc.my/378c1a14448abdf2847b1b191f94924644a28031dcbd0ebcb1538fcf9e7b8ad1" />
Read: <a href="https://myc.my/articles/3899/johor-set-to-become-the-first-state-to-offer-rm4k-minimum-salary-for-skilled-tvet-graduates">Johor Set To Become The First State To Offer RM4k Minimum Salary For Skilled TVET Graduates</a>
In related news, Johor recently became the first state in Malaysia to roll out premium salary packages for skilled workers through its Talent Development Council (JTDC). This initiative targets graduates from technical and vocational education (TVET) programs, offering starting salaries between RM4,000 and RM5,000.
This move aims to address the trend of local graduates seeking higher-paying jobs in Singapore, where the minimum wage is around SD$1,500 (~RM4,977). By improving local job opportunities, Johor hopes to make in-state employment more appealing to skilled workers from the 220 TVET institutions across the region, ultimately retaining talent and boosting the state&rsquo;s economic growth.
There are many reasons why Malaysians choose to move abroad, but for most, the main motivation is the opportunity to grow their wealth in dynamic job markets that offer better progression and career development. Another significant factor, especially for adults, is the perceived political stability and lower levels of corruption in other countries, which often fosters a more favourable work environment.
While the government is making efforts to retain talent, only time will reveal whether these initiatives are enough to encourage Malaysians to build their careers at home. As the saying goes, &ldquo;Rome wasn&rsquo;t built in a day,&rdquo; so it may take time to see if staying in Malaysia ultimately becomes the better choice for future generations.
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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Is Malaysia losing any economic value due to this trend? 

51cf216ccb67d0bd271443ac28c45e71c49029ffcb59850b58f5081fa21c6d43

Steven Sim Shares That Nearly 2 Mil M’sians Have Moved Abroad For Better Job Opportunities

Former Finance Minister Lim Guan Eng has raised concerns over the proposed 40-70% hike in medical insurance premiums for 2025. According to Bank Negara Malaysia (BNM), the projected 15% rise in medical costs is significantly lower than the proposed premium hikes. In his Facebook post, Guan Eng questioned why insurers are advocating such a substantial increase when global medical cost increases stand at just 10%, and the rise in the Asia-Pacific region is 11.1%.
Guan Eng argued that this excessive increase could place a heavy financial burden on Malaysians, many of whom are already grappling with the rising cost of living. He emphasized that these premium hikes, if approved, would disproportionately affect ordinary citizens, while life insurance companies continue to enjoy robust profits.
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Read: <a href="https://myc.my/articles/3965/brace-yourselves-medical-insurance-premiums-expected-to-surge-by-40-70percent-in-2025">Brace Yourselves: Medical Insurance Premiums Expected To Surge By 40-70% In 2025!</a> 
BNM&rsquo;s Accountability in Protecting the Public
<img src="https://r2.myc.my/b834137a51002d49446468f259ab2e22c121a55d52b427b120913161a4496196" />
Guan Eng criticized BNM and the Health Ministry (KKM) for their failure to protect the interests of 31 million Malaysians, emphasizing that the focus should be on safeguarding public health rather than the profits of life insurance and takaful companies. He posed three critical questions of public accountability:
<ul>
<li>Why are medical insurance premiums increasing by 40-70% when the rise in medical costs is only 15%?</li>
<li>Why have medical costs surged faster in Malaysia than in neighbouring countries and globally?</li>
<li>Why should the public bear the full financial burden of these hikes?</li>
</ul>
Guan Eng highlighted that BNM had acknowledged the increased medical costs of 15% for 2025, while global and regional averages were significantly lower. However, life insurance companies are proposing hikes far above these figures, creating a disconnect between medical cost inflation and premium increases.
Irresponsible Cost Management and Regulatory Failures 
<img src="https://r2.myc.my/7e211b16721f088c093f414959d027018290c78ef4ee8f5b4b0c8ee70a3f6e18" />
Guan Eng pointed to glaring examples of inflated medical expenses. For instance, a dengue patient using a guarantee letter (GL) incurs RM4,978, four times higher than the RM1,288 charged to those who pay upfront. Similarly, pneumonia patients using GL face RM6,859 in costs, compared to RM2,654 paid by those who opt to pay first. Guan Eng questioned why these pricing disparities continue to exist, despite BNM&rsquo;s role in regulating the sector.
He further highlighted BNM&rsquo;s regulatory shortcomings, arguing that insurers and private hospitals continue to take advantage of these GL arrangements, resulting in widespread abuse. This mismanagement of medical costs contributes to higher premiums, forcing the public to shoulder the financial burden.
Insurers&rsquo; Growing Profits vs Workers&rsquo; Stagnant Salaries
Guan Eng also pointed out the stark contrast between the rising premiums and stagnant wage growth. He noted that life insurance and family takaful funds reported profits of RM8.4 billion in the first half of 2024, more than double the RM3.2 billion reported in the same period of 2023. This surge in profits has not been accompanied by corresponding wage increases for the average Malaysian worker.
Guan Eng argued that there is no moral justification for insurers to demand premium hikes of 40-70% when workers&rsquo; incomes have remained relatively stagnant. He emphasized that without significant wage growth, Malaysians should not be expected to bear such steep premium increases, particularly when insurers are already enjoying substantial profits.
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BNM Must Uphold Fair Premium Pricing
In his call to action, Guan Eng urged BNM to demonstrate greater social empathy, public responsibility, and ethical governance by rejecting these excessive premium hikes. He emphasized that any adjustments to medical insurance premiums should be gradual, sustainable, and reflective of actual medical cost increases, not imposed in large and disproportionate jumps.
Guan Eng also warned that these premium hikes could contribute to higher inflation, further exacerbating the financial burden on Malaysian households. He emphasized that BNM&rsquo;s responsibility goes beyond protecting the interests of insurers&mdash;it must prioritize the well-being of the public.
Ultimately, Guan Eng stressed that Malaysians deserve a healthcare system where premium adjustments are fair, justifiable, and not solely driven by the profit motives of insurers.
In other developments, EPF has established the benchmark for basic retirement savings, suggesting that Malaysians will require at least RM1.3 million to afford a comfortable retirement. However, this raises significant concerns about its feasibility for many Malaysians, particularly amid rising living costs and stagnant wages.
Read: <a href="https://myc.my/articles/4004/epf-sets-benchmark-at-rm390k-for-basic-retirement-saving-needs-rm13-million-to-live-the-life-of-luxury">EPF Sets Benchmark At RM390K For Basic Retirement Saving; Needs RM1.3 Million To Live The Life Of Luxury</a>
Additionally, rising insurance costs further burden individuals, especially as premiums increase with age. This raises the question for many Malaysians whether continuing their policies is a practical choice, given the steep rise in prices.
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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BNM should prioritise helping citizens, not pushing us into financial hardship.

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Lim Guan Eng Questions Premium Hikes Amidst Rising Medical Costs And Profitable Insurers

Prepare to embrace the highly anticipated comeback of the beloved &lsquo;Queens of K-Pop,&rsquo; 2NE1, as they return to Malaysia after a decade. Fans in Malaysia have eagerly awaited the official reunion of this iconic quartet &ndash; CL, BOM, DARA, and MINZY &ndash; since its announcement.
2NE1 last thrilled Kuala Lumpur in 2014 during their &ldquo;All or Nothing&rdquo; World Tour, leaving audiences mesmerized by their breathtaking talent, fierce independence, and empowering messages that continue to resonate.
Who Is 2NE1?
&nbsp;<img src="https://r2.myc.my/5db0cca2f656374df7056953131c19f0e1e4058a3318a4fa587793e569dde882" />
2NE1 is a South Korean girl group formed by YG Entertainment in 2009, known for their groundbreaking influence on the K-pop industry. Consisting of four members&mdash;CL, Park Bom, Dara, and Minzy&mdash;2NE1 quickly rose to fame with their bold, unconventional style and powerful music. The group is celebrated for blending genres like hip-hop, reggae, and electronic dance music with a distinct edge that set them apart from their contemporaries.
2NE1 debuted with the single &ldquo;Fire,&rdquo; which instantly became a hit, showcasing their unique fashion sense and strong personas. Their follow-up tracks, such as &ldquo;I Don&rsquo;t Care&rdquo; and &ldquo;Go Away,&rdquo; continued to top charts and solidified their status as one of the most influential K-pop groups of their time. The release of their hit song &ldquo;I Am the Best&rdquo; in 2011 catapulted them to international stardom, with its addictive beat and rebellious lyrics making it one of K-pop&rsquo;s most iconic songs.
Throughout their career, 2NE1 received numerous accolades, including the Song of the Year award at the Mnet Asian Music Awards (MAMA) for &ldquo;I Don&rsquo;t Care&rdquo; and &ldquo;I Am the Best.&rdquo; They were also the first K-pop girl group to embark on a world tour, demonstrating their global appeal and expanding K-pop&rsquo;s reach beyond Asia.
Details Of Their Tour and Show
Fans are in for an unforgettable night as the queens of K-Pop return to electrify the stage in Kuala Lumpur. With recent sold-out shows in Manila, Jakarta, Hong Kong, Singapore, Bangkok, Taipei, and Ho Chi Minh City, 2NE1&rsquo;s enduring appeal across Asia is undeniable. These performances reaffirm their status as true legends in the K-pop world, solidifying their iconic legacy.
<img src="https://r2.myc.my/9d71a4fe3f4858fcadb614af77ccab14fccf2e8e5bc2835e50dc08250ebe5b6e" />
Mark your calendars! The highly anticipated &lsquo;2NE1 Asia Tour [WELCOME BACK]&rsquo; is set to take place on February 1, 2025, at 8 PM at the National Hockey Stadium in Kuala Lumpur. Live Nation members can grab their tickets early during the exclusive pre-sale on December 16, 2024, from 11 AM to 11:59 PM.
Date:&nbsp;1st February 2025 Time: 8pm Venue:&nbsp;National Hockey Stadium
Not a member yet? Sign up for free at <a href="http://livenation.my/register">http://livenation.my/register</a> to access the presale. General ticket sales will open to the public on December 17, 2024, starting at 11 AM via <a href="http://www.golive-asia.com">www.golive-asia.com</a>. Don&rsquo;t miss it!
Ticketing Details:
<img src="https://r2.myc.my/8991ba00cca6fdf66f9d48546235af1c7914a48f3f97efed86d4491b7ee93c58" />
For ticketing, there will be six different categories available, including a VIP Soundcheck Package, which offers fans:
<ul>
<li>Reserved seating ticket</li>
<li>Early access to the venue</li>
<li>VIP soundcheck access</li>
<li>Commemorative lanyard</li>
<li>Early access to the merchandise store</li>
</ul>
Pricing:
<ul>
<li>VIP Soundcheck: RM1,288</li>
<li>CAT 1: RM988</li>
<li>CAT 2: RM888</li>
<li>CAT 3: RM598</li>
<li>CAT 4: RM498</li>
<li>CAT 5: RM398</li>
</ul>
Live Nation Pre-Sale
📆 Monday, 16th Dec 2024, 11AM &ndash; 11:59PM
Register for a FREE membership via www.livenation.my to access the presale!⁠
General On-Sale
📆 Tuesday, 17th Dec 2024, 11AM Onwards
*Please note that the waiting room for the ticket queue will open 1 hour before both the Presale and General On-Sale.
Catching Up With Their Music
For devoted fans, there's growing anticipation that the reunion of this iconic and legendary K-pop group could bring new music. However, the group has yet to announce any new releases, with their last song, &lsquo;Goodbye&rsquo;, dating back to 2017.
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Released shortly after their disbandment, &lsquo;Goodbye&rsquo; is an emotionally charged ballad initially written for Minzy, who departed the group in April 2016. The song delivers a heartfelt message of farewell and gratitude while reflecting the unbreakable bond 2NE1 shared with their fans throughout their career.
Lyrically, &lsquo;Goodbye&rsquo; serves as a poignant farewell, exploring themes of love, loyalty, and the bittersweet nature of parting. Musically, it&rsquo;s a minimalist acoustic pop ballad that emphasizes the members&rsquo; sincere vocals and stirring melodies. Each member poured their emotions into the track, making it a touching final gift to their fans. This song not only marked the end of an era for 2NE1 but also left an indelible mark on the K-pop industry.
Get ready to amp up your excitement! Whether you're a longtime fan reconnecting with their music or a newcomer to K-pop just discovering their iconic tracks, dive into their hit songs below:
<iframe style="border-radius: 12px;" src="https://open.spotify.com/embed/artist/1l0mKo96Jh9HVYONcRl3Yp?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe>&nbsp;
It looks like tickets will be in high demand, so be sure to act fast&mdash;this one&rsquo;s likely to sell out quickly! &nbsp;
Are you excited for 2NE1&rsquo;s live concert in KL? We can&rsquo;t wait! Let us know your thoughts in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Mark your calendars—it’s time to witness the queens of K-pop live in Kuala Lumpur!

7afaf7a95d8761abd9bfca9ffe54b20c12687e8dbfac06babaf37594c1925694

2NE1 Unveils Ticketing & Seating Details For Their 2025 KL Concert!

The Malaysian Youth and Sports Ministry (KBS) has decided to take action regarding the improper display of the Jalur Gemilang, the national flag, on athletes&rsquo; competition attire. This move comes after a highly publicized incident involving national badminton player Lee Zii Jia, who wore a jersey featuring the Jalur Gemilang stitched upside down during the Badminton World Federation (BWF) World Tour Finals held in Hangzhou, China.
<blockquote class="twitter-tweet">
Siapa nak video tukar baju Lee Zii Jia kemarin. Tengok lah baju tu baju baru masih ada tag ya. <a href="https://t.co/QhVOD0TMoL">pic.twitter.com/QhVOD0TMoL</a>
&mdash; ً (@galilelleo) <a href="https://twitter.com/galilelleo/status/1867024851741053178?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>

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&nbsp;
The controversy erupted when a viral clip showed Lee, during his match against Taiwan&rsquo;s Chou Tien Chen, rummaging through his bag and switching into a different jersey. The newly worn jersey had the Jalur Gemilang positioned incorrectly, a detail that Lee had failed to notice amid the pressure of the match. Despite securing a victory with a score of 21-13, 21-15, the incident sparked concerns about the oversight of national symbols and the need for greater attention to detail in sports attire.
It&rsquo;s important to mention that during the post-match interview, Zii Jia changed into a shirt featuring the correctly positioned flag, indicating he may not have been fully aware of the upside-down flag during the match, as the intensity of the moment likely distracted him.
Ministry Responds with New Ethical Guidelines
&nbsp;<img src="https://r2.myc.my/3f7b96c4bd7fb1cee14fdd54dcfcfa203bb2d336aed339077f2c129f5e98dfbc" />
In response to this incident, Youth and Sports Minister Hannah Yeoh announced plans to draft a comprehensive dress code of ethics for athletes concerning the use of the Jalur Gemilang on their competition attire. &ldquo;We currently don&rsquo;t have a clear code or set of regulations to address this issue,&rdquo; she said during the International Safe Sports Symposium. &ldquo;I will ask the National Sports Council (NSC) to look into what steps we can take to ensure these kinds of mistakes do not happen again.&rdquo;
Yeoh urged athletes and team managers, regardless of whether they are part of national teams or independent professionals, to always thoroughly check their attire before stepping onto the court. &ldquo;These jerseys represent our country, and when they are worn on the international stage, they reflect Malaysia&rsquo;s image to both local and global audiences,&rdquo; she emphasized. &ldquo;We cannot allow such mistakes to undermine our national pride.&rdquo;
Strengthening Safe Sport Initiatives
In addition to addressing attire, the KBS plans to strengthen its Safe Sport Code next year. Minister Yeoh stressed the importance of having more legal officers who can offer guidance and advice to sports committees, ensuring proper procedures are followed to prevent any similar occurrences. &ldquo;We want to create a framework where athletes and officials can have the necessary support to adhere to the highest standards of conduct and respect for national symbols,&rdquo; she said.
This broader effort seeks to enhance accountability across all levels of sports, ensuring that every athlete and their management remains aware of their responsibility to uphold Malaysia&rsquo;s image.
Sponsor Accountability: Victor&rsquo;s Response
<blockquote class="twitter-tweet">
Our sincere apologies to all Malaysians 🫡🇲🇾 <a href="https://t.co/nxoDPblAZv">pic.twitter.com/nxoDPblAZv</a>
&mdash; VICTOR Malaysia (@victor_malaysia) <a href="https://twitter.com/victor_malaysia/status/1866831023289536724?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

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Victor, the official sportswear sponsor for Lee Zii Jia, swiftly responded to the incident by issuing a public apology. In a statement, the company expressed deep regret, emphasizing that the mistake was unintentional and did not reflect any disrespect toward Malaysia. Victor acknowledged that the error resulted from an internal production and design oversight and vowed to review its processes to prevent similar incidents in the future, reaffirming their commitment to respecting Malaysia&rsquo;s national symbols.&nbsp;
Victor&rsquo;s response played a key role in addressing the incident. Their pledge to strengthen internal controls reflects the importance of corporate responsibility in upholding respect for Malaysia&rsquo;s national identity.&nbsp;
Moving forward, Victor plans to implement stricter quality control measures to ensure such errors are prevented, reinforcing their dedication to the integrity of Malaysian sports and national pride. However, despite the apology, it didn&rsquo;t sit too well among Malaysians who criticised the brand harshly in the comments section online.
Here&rsquo;s some of the comments:
<blockquote class="twitter-tweet" data-conversation="none">
Terrible mistake Every Malaysian deserves a victor badminton racket.
&mdash; Junyong Chong (@junyongz) <a href="https://twitter.com/junyongz/status/1867159746639515685?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Ye ke tak sengaja. Macam bodoh je alasan ni sebab nak approve design pon banyak stages ye kene go through dari designer ke bos ke printing. Takkan sorang pon tak perasan benda ni. Ini bukan simple mistake ye 😒
&mdash; Januar Haikal (@Januarhaikal) <a href="https://twitter.com/Januarhaikal/status/1866884811048329348?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Patut la pelik tengok bendera Malaysia tadi. And this is a very grave error. You should post this in Malay language.
&mdash; nama saya Schumacher (@_passby) <a href="https://twitter.com/_passby/status/1866842748365709694?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
It should not be forgiven. Untuk syarikat macam ni mesti banyak peringkat pengesahan. Macam mana baju dan design tu boleh keluar daripada banyak2 peringkat tu? Ini melibatkan maruah dan kedaulatan negara. Dahlah kenyataan rasmi bukan dibuat dlm bahasa kebangsaan.
&mdash; hirwaz (@syahirketu) <a href="https://twitter.com/syahirketu/status/1866889553010889088?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Hi Victor, please issue an official statement in the official language. I barely could understand what you're saying yet you insist on doing business in this country.
&mdash; hanafijaafar (@hanafijaafar) <a href="https://twitter.com/hanafijaafar/status/1866869356225036663?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

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Let&rsquo;s hope such incidents are not repeated in the future. Prior to this event, the Malaysian eSports Federation (MESF) had strongly condemned two earlier incidents involving disrespect toward the Malaysian flag by members of the Mobile Legends: Bang Bang (MLBB) eSports community.&nbsp; 
In the first case, American MLBB player Michael "MobaZane" Cosgun posted a video on Instagram featuring the word &ldquo;noob&rdquo; pointing to a graphic of the Jalur Gemilang. MESF described this act as a serious insult to Malaysia&rsquo;s national symbol, emphasizing its condemnation in a Facebook post on November 17. The term &ldquo;noob,&rdquo; commonly used derogatorily in gaming, further highlighted the disrespect shown toward the flag.&nbsp; 
In the second incident, the MLBB Professional League Indonesia (MPLID) shared a distorted version of the Jalur Gemilang on its official Instagram page, featuring only 11 red and blue stripes. The graphic was intended to celebrate Malaysia&rsquo;s 2-1 victory over Indonesia in the World eSports Championships semi-finals. MESF condemned this incorrect representation, stating that it undermines professionalism and the integrity of international events.&nbsp; 
These repeated instances underscore the need for greater awareness and responsibility when it comes to respecting national symbols in all areas of competitive sports.
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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Despite Victor’s apology, many netizens remained unimpressed.

5804d3152d2d1247221f9f185eab6881cd1a9767cac0348349bf7bed506f8520

Upholding National Pride: KBS To Implement Dress Code For Athletes To Prevent Upside-Down Jalur Gemilang Flag Incident

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.

b4ae07590cfecaaeedb4cb117aa227871bf484cc58d77ef27294724f7b6df8ea

EPF Sets Benchmark At RM390K For Basic Retirement Saving; Needs RM1.3 Million To Live The Life Of Luxury

The tragic case of baby Muhammad Adham Mikhail has captured the nation&rsquo;s attention, sparking widespread outrage and emotional discussions on social media. The incident unfolded when Wan Cai Official, the founder of Unit Khas Van Jenazah (UKVJ), a funeral service provider, shared the harrowing story of how the baby&rsquo;s remains were allegedly withheld by Razif Maternity Hospital (HBR) in Klang due to an outstanding hospital bill. Adham, who was born with severe congenital abnormalities, passed away just minutes after birth on November 24, 2023. The father claimed that the hospital refused to release his son&rsquo;s body unless the RM2,480 hospital bill was fully settled.
The case quickly became a national headline, sparking public outcry over what many viewed as the inhumane treatment of grieving parents. This incident touched a deep nerve, particularly as stories of financial struggles and bureaucratic indifference often dominate healthcare discourse, especially in developing regions.
Father&rsquo;s Struggle and Financial Difficulties
<img src="https://r2.myc.my/8f79c8d6ccada14819c5501e3e379ec591d884f7fdf762e91fde1f898b644db1" />
The father of baby Adham explained that after the baby&rsquo;s birth, he was left struggling to come up with the hospital bill. Unable to afford the full amount due to financial constraints, he sought financial assistance from family, friends, and even his employer, but was still short by RM1,800. For two weeks, he desperately tried to secure the remaining funds, while repeatedly requesting the hospital to release his son&rsquo;s body so that a proper burial could be arranged. Despite his repeated appeals, his requests were denied.
During this period of unimaginable grief, the father&rsquo;s emotional pleas were met with silence, further compounding his suffering. The financial burden, coupled with the emotional toll of losing his child, became a source of immense distress. The father&rsquo;s ordeal exemplifies the challenges faced by many families when dealing with healthcare costs in situations of loss and mourning.
Hospital&rsquo;s Response and Contradictory Statements
<iframe style="border: none; overflow: hidden;" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fpermalink.php%3Fstory_fbid%3Dpfbid0vXmpVJNizwi1FweuBHFv8SLGyTEpFaRow7kq62n7aQJhcV9hsrxHU3X27xg2A7Apl%26id%3D100049243012092&amp;show_text=true&amp;width=500" width="500" height="608" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen"></iframe>
In response to the mounting public outcry, HBR issued a statement denying allegations of withholding the baby&rsquo;s remains and placing the blame on the father. The hospital asserted that the mother was allowed to be discharged the day after the birth and that the father had the opportunity to settle the bill. However, this response was met with scepticism, as both Wan Cai and the father claimed the mother was not released from the hospital until December 9. The hospital further added that the mother was never married and questioned whether her "husband" was fully responsible for arranging the burial.
This claim drew sharp criticism, particularly because the couple produced their marriage certificate, which they insisted proved their union. The hospital&rsquo;s decision to refer to the father as the &ldquo;husband&rdquo; in quotes further fuelled public outrage, as it appeared to undermine the legitimacy of the family&rsquo;s situation and added to their pain.
Public Outcry and Ministry of Health Involvement
The case triggered a wave of public condemnation, with many expressing disbelief and sorrow over the alleged treatment of the grieving family. Social media was flooded with calls for accountability and justice, highlighting the need for hospitals to act with greater compassion in similar circumstances.
<img src="https://r2.myc.my/9bdcf01f8368d2c97c229b2e9442935ae71040dabd6601fc75f20053eafcf7c9" />
In response to the mounting public pressure, the Ministry of Health (MOH) announced an investigation into the matter, with Health Minister Datuk Seri Dr. Dzulkefly Ahmad urging calm and emphasizing the importance of allowing relevant authorities, particularly the Private Medical Practice Control Section (CKAPS), to conduct a thorough probe.
The Minister&rsquo;s call for empathy and compassion resonated with many, particularly as the case unfolded at a time when public trust in healthcare institutions remains fragile. Dr. Dzulkefly stressed that such incidents should not happen, especially when dealing with vulnerable families during moments of grief. His message was clear: all parties, including healthcare providers, should act with humanity and understanding.
Here's some of the comments from netizens:
<blockquote class="twitter-tweet" data-conversation="none">
Finally someone said it <a href="https://t.co/JCjjkTWxP7">pic.twitter.com/JCjjkTWxP7</a>
&mdash; 🕊️ (@nurulhad1rahh) <a href="https://twitter.com/nurulhad1rahh/status/1866811639238103157?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
Tak professional betul. Bad grammar dah satu hal. Cerita tergantung. Takkan lah baby became blue then expired minutes later? Takkan la tak stabilise. Tengok google punya lah byk bad review.
&mdash; Ahorra Dinero (@Khai_navil) <a href="https://twitter.com/Khai_navil/status/1866755023503495426?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
All I got from this statement is the arrogance of private healthcare practices. "HBR had to accept her on humanitarian ground despite being unbooked and unscreened". Uih cakap dah macam berjasa sangat menerima patient dalam emergency.
&mdash; AJ (@taksesal) <a href="https://twitter.com/taksesal/status/1866764896723144795?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
This press release has so many issues&mdash;tone, grammar, style, and way too much detail. It&rsquo;s also pretty insensitive and unprofessional. Sharing personal info about the patient and baby (like their medical condition or marital status) is a major privacy breach.
&mdash; Armani (@armani_zul) <a href="https://twitter.com/armani_zul/status/1866800569941471274?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
Main issue ialah 16 hari Jenazah ditempatkan di freezer. Mana SOP dia untuk menguruskan jenazah terutama org islam. Takkan sebuat hospital tiada SOP untuk pengurusan jenazah! Mesti ada SOP dengan pesakit mcm ni. Dia baru sebulan ke tubuh hospital tersebut 😒
&mdash; Asrol Iberahim (@azrullez) <a href="https://twitter.com/azrullez/status/1866753538568884389?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
are you trying to shame the parents for being unmarried? what&rsquo;s with the bunny quote?
&mdash; queen ✨ (@syyree) <a href="https://twitter.com/syyree/status/1866751556617646107?ref_src=twsrc%5Etfw">December 11, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Legal and Social Implications
<iframe style="border: none; overflow: hidden;" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fmy.life.is.my.rules.kehidupan.dan.kematian%2Fposts%2Fpfbid0CEofKBGptTo96SgvnRsyyDWPY3mxSwea2oXpDEccuDZSwnDMvDZqJuhVsCfGWZEYl&amp;show_text=true&amp;width=500" width="500" height="474" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen"></iframe>
The case has highlighted the broader issue of how bereaved families are often treated by healthcare systems, particularly when financial constraints are involved. In many instances, families are left navigating a complex web of rules and procedures while grappling with their loss. The father&rsquo;s decision to seek legal assistance from Datuk Ahmad Zaharil Muhaiyar, a prominent lawyer, further underscored the need for greater legal support in cases of medical negligence or mistreatment.
The involvement of such high-profile figures in the case has drawn attention to the larger systemic issues that contribute to the suffering of families dealing with infant loss. As the legal process unfolds, the public continues to demand accountability, emphasizing the need for healthcare institutions to ensure dignity and respect for grieving families, regardless of financial circumstances.
The ongoing investigation by the Ministry of Health, combined with widespread public outcry, has brought urgent attention to the rights of grieving families, particularly when financial struggles intersect with the loss of a child. The heartbreaking case of baby Adham Mikhail underscores the critical need for healthcare providers to adopt more compassionate, transparent, and accountable practices when handling bereaved families. 
This tragic incident serves as a powerful reminder that addressing such sensitive situations requires empathy, responsibility, and a dedication to upholding human dignity. As the investigation unfolds, there is hope that justice will be delivered for baby Adham&rsquo;s parents, and that similar cases will inspire lasting reforms to prevent such deeply painful experiences in the future.
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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Amid public outrage, the hospital defends their actions as humanitarian, despite criticism over their handling of the mother’s marital status.

ac46bf2481bb3b921edeb7a8a1565c849b985d36cdb7dfee97a3430a381b7d3f

Maternity Hospital Baby Case: A Heartbreaking Dispute Over Burial & Hospital Bills

For many working Malaysians, a salary increment is always something to look forward to. While these raises aren&rsquo;t solely dependent on our hard work, they are often influenced by the prevailing economic conditions. Malaysia&rsquo;s economy has been on the path to recovery since the COVID-19 pandemic, showing signs of growth. However, the persistent rise in the cost of living remains a significant challenge, outpacing salary increases for many.
That said, there may be some positive news on the horizon. 2025 could bring welcome salary increases for Malaysian workers, offering much-needed relief amidst rising living costs.
Projected Salary Increases Across Sectors
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/3c1dc42e9a59865a61d318c1ca59fec3347b4d5b164fd9e6b4914a9e70d77fcc" />
Salaries in Malaysia are expected to rise by 5% across all industries in 2025, according to Mercer&rsquo;s latest annual Total Remuneration Survey. This projected increase reflects a competitive job market where companies are striving to attract and retain top talent through improved compensation packages.
The survey, which involved over 680 companies across a wide range of sectors, including energy, shared services, technology, manufacturing, and consumer goods, highlights industries such as energy and shared services leading the way with higher base salary offerings. These sectors are positioning themselves to meet the rising demand for skilled professionals in a competitive labour environment.
Shifts in Job Demand and Pay Premiums
Mercer&rsquo;s findings reveal that certain job roles are undergoing significant shifts in both demand and salary levels due to evolving industry needs. Roles in cloud computing, electrical instrumentation, and cybersecurity architecture have seen substantial growth, with salaries increasing as companies seek to attract professionals with specialized skills.
Positions such as project control engineers and enterprise architects are now commanding premium pay, as employers place greater value on these sought-after competencies. These changes highlight the increasing emphasis on specialized skills within a highly competitive job market.
Hiring Intentions Show Caution 
<img src="https://media1.giphy.com/media/v1.Y2lkPTc5MGI3NjExNngzOTFrNG5odjMwbWJhdGlqajZvd3J4bHY2am5mbmNtaGp3YzVwaCZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/l4Epe8gPvTodwd8CQ/giphy.gif" alt="nicksplat job search GIF" width="407" height="305" />
Despite the projected salary increases, hiring intentions have weakened compared to previous years. Only 24% of the companies surveyed plan to expand their workforce in 2025, with the majority opting to maintain their current headcount levels.
This cautious approach reflects broader economic uncertainty, as companies aim to preserve stability amid fluctuating market conditions. Many organizations are prioritizing cost-efficiency and workforce stability over aggressive hiring, choosing to focus on optimizing current resources rather than expanding.
Focus on Flexibility to Retain Talent
As Mercer&rsquo;s Koay Gim Soon highlights, &ldquo;The key is flexibility&rdquo; in adapting to the evolving demands of their workforce. Approximately 70% of companies in Malaysia are expected to revise their remuneration strategies in 2025, moving towards more strategic, employee-centric approaches.
These include offering flexible work arrangements, tailored benefits, and diverse incentive structures designed to cater to the unique preferences of their employees. By prioritizing these flexible policies, companies aim to boost employee satisfaction and engagement, ultimately contributing to talent retention in an increasingly competitive environment.
Regional Comparison of Salary Growth
<img src="https://r2.myc.my/23d366047ed9f0bcdb4e1565d3ce9293f9464da0f747fc39a33a3514598d47fe" />
Malaysia&rsquo;s projected 5% salary increase for 2025 lags behind Indonesia&rsquo;s anticipated 6.1% rise but surpasses Singapore&rsquo;s 3.8% increase. This positions Malaysia in a middle ground, providing a competitive salary adjustment that reflects the distinctive dynamics of the local labour market. The differing growth rates in neighbouring countries highlight the unique challenges and opportunities faced by Malaysia&rsquo;s economy as it seeks to remain attractive to both local and international talent.
To enhance the appeal of job opportunities in Malaysia and retain local graduates, the government has introduced various initiatives aimed at keeping talent within the country instead of seeking employment abroad. In October 2024, the Deputy Human Resources Minister highlighted that nearly 300,000 Malaysians had been unemployed between 2020 and 2024. In response, Prime Minister Anwar Ibrahim announced a minimum wage increase, raising it from RM1,500 to RM1,700, effective from February 2025.
<img src="https://r2.myc.my/0dc3f9bfa64b55bbbbf8ac85350b83e895aef53c2d63ad71cc1cbd5c4104ec52" />
Read: <a href="https://myc.my/articles/3872/deputy-hr-minister-reveals-nearly-300k-msians-have-been-jobless-from-2020-to-2024">Deputy HR Minister Reveals Nearly 300K M&rsquo;sians Have Been Jobless From 2020 To 2024</a> Read: <a href="https://myc.my/articles/3868/government-establishes-new-minimum-wage-of-rm1700-hr-minister-criticises-companies-for-treating-it-as-starting-pay">Government Establishes New Minimum Wage Of RM1,700; HR Minister Criticises Companies For Treating It As &ldquo;Starting Pay&rdquo;</a>
In addition to the above, Johor has become the first state in Malaysia to offer premium salary packages for skilled workers. This initiative targets graduates from Technical and Vocational Education and Training (TVET) programs, with starting salaries set between RM4,000 and RM5,000.
Read: <a href="https://myc.my/articles/3899/johor-set-to-become-the-first-state-to-offer-rm4k-minimum-salary-for-skilled-tvet-graduates">Johor Set To Become The First State To Offer RM4k Minimum Salary For Skilled TVET Graduates</a>
While this is just a prediction, the actual wage increase will largely depend on the performance of businesses. Unfortunately, many companies in Malaysia continue to offer relatively low salaries, with experienced workers earning less than RM4,000 per month&mdash;despite the rising cost of living, which remains a major concern.
Here&rsquo;s hoping for a more positive outcome, but it&rsquo;s also wise to keep an eye on side gigs to boost our income and stay financially secure.
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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Though it’s a promising projection, there’s no guarantee it’ll come to fruition.

306189c0b6e044019cca6ffdca03fe7f4736ef0ac416c7c8a3a5aec1e79096cc

M’sians Salaries Expected To Rise By 5% Across Sectors In 2025

It's no secret that Malaysians have encountered countless scam stories online, highlighting just how pervasive these schemes have become. From TikTok scams impersonating the Employees Provident Fund (EPF) to sophisticated AI-generated frauds involving popular influencers&mdash;even bizarre cases like fake sperm donation scams&mdash;these incidents reveal the alarming creativity and reach of scammers.
Read: <a href="https://myc.my/articles/3839/beware-fake-epf-account-on-tiktok-scamming-users-with-promises-of-a-special-withdrawal">#Beware: Fake EPF Account On TikTok Scamming Users With Promises Of A 'Special Withdrawal'</a> Read: <a href="https://myc.my/articles/3716/khairul-aming-warns-fans-after-scammers-use-ai-to-create-fake-videos-of-him-selling-items">Khairul Aming Warns Fans After Scammers Use AI To Create Fake Videos Of Him Selling Items</a> Read: <a href="https://myc.my/articles/3809/facepalmaward-of-the-year-man-loses-rm25k-in-sperm-donation-scam">#FacePalmAward Of The Year: Man Loses RM25K In Sperm Donation Scam</a>
While efforts have been made to combat scams, they haven't always been effective or successful. However, it seems change is on the horizon, promising a potentially brighter and more positive outcome for victims.
Prime Minister Datuk Seri Anwar Ibrahim has made it clear that banks must take responsibility for compensating victims of scams when negligence on their part is proven. Speaking in the Dewan Rakyat, he stressed that this principle is already grounded in Malaysian law under the Criminal Procedure Code (CPC). Specifically, Section 413 allows for the reimbursement of victims when bank oversight or failure to follow regulations is identified.
Anwar revealed that RM178,407 has already been refunded to scam victims under this provision, demonstrating the law&rsquo;s application in real cases. "If bank negligence is identified, the bank will pay. This is a standard we must uphold to protect consumers and instil greater accountability in the financial system," he said. The prime minister emphasized that this standard must not be limited to Malaysian laws but should also reflect global practices, such as those in the United Kingdom (UK).
Adopting Global Standards For Consumer Protection
<img src="https://r2.myc.my/608b6b16759ca4882a99370dd4c1162b98845285935878ecd7a661f9ec0a5ae7" />
Anwar drew comparisons to the UK's proactive measures, where banks are required to reimburse fraud victims up to &pound;85,000 (approximately RM480,600) within five days if negligence is established. He expressed strong support for adopting this principle in Malaysia, which would enhance consumer rights and encourage banks to prioritize the safety of their systems.
To achieve this, the government has tasked a committee chaired by the Treasury&rsquo;s Chief Secretary to explore tighter regulations. The focus will be on ensuring banks diligently monitor transactions and follow established procedures. The reforms aim to close loopholes that could allow fraud to occur due to weak oversight or insufficient safeguards within financial institutions.
The UK also allows banks to delay suspicious transactions for up to three days to conduct investigations, a practice Malaysia is considering adopting. Such a mechanism could give financial institutions a better chance to identify and halt fraudulent activities before they cause significant harm.
Rising Tide of Online Financial Crimes
<img src="https://r2.myc.my/60d815bbc67a4a42062da0a154cd3b7502bd889c3e92342b4548c5e8c4f388a6" />
The push for stricter regulations and better consumer protection comes against the backdrop of a concerning rise in online financial crimes. Between January and October this year, Malaysia recorded RM1.224 billion in losses linked to scams. These include online fraud, telecommunication scams, love scams, and fraudulent loans and investments.
Anwar highlighted the government&rsquo;s efforts to combat these crimes, such as the introduction of the "<a href="https://semakmule.rmp.gov.my/">Semak Mule</a>" portal. This tool allows users to check bank accounts, phone numbers, and companies associated with scams. To date, over 32 million searches have been conducted on the portal, with approximately two-thirds yielding positive results in preventing fraud.
"This shows that the system is helping to save people from falling victim to scams. Many cases have been intercepted, thanks to tools like Semak Mule," Anwar said. However, he acknowledged that more needs to be done to address the complexity of these crimes, particularly in cases where victims unknowingly become accomplices by allowing their accounts to be misused.
Strengthening Laws and Regional Collaboration
<img src="https://r2.myc.my/be9c798145d0ac068d46ec20197f8185719110fed5d66f2a2c2398ae239cebd7" />
The prime minister also responded to questions about the possibility of introducing a comprehensive legal framework similar to Singapore&rsquo;s Scam Bill, which specifically targets online financial crime. He confirmed that the government is working on tighter laws that address these challenges while coordinating efforts with other ASEAN countries to tackle cross-border scams.
Anwar pointed out that current scams vary in nature, with some victims unknowingly agreeing to let their accounts be used, while others are deceived into transferring funds under false pretenses. Recognizing this, the proposed reforms aim to provide greater clarity on liabilities while ensuring that victims are adequately protected.
A more robust legal framework, which includes stricter penalties and better preventive measures, is expected to be ready for presentation in the first parliamentary session of the upcoming year. The government hopes this will not only deter scammers but also compel financial institutions to adopt stronger security measures and more transparent practices.
A Commitment to Consumer Protection
Anwar reiterated the government&rsquo;s commitment to ensuring justice for scam victims and holding banks accountable for their role in safeguarding customer funds. By aligning with international best practices and strengthening local mechanisms, Malaysia aims to create a safer financial ecosystem.
The proposed measures underscore the government&rsquo;s unwavering commitment to tackling online fraud, from individual incidents to sophisticated cross-border schemes. As these initiatives take shape, victims of financial crimes can look forward to a future with stronger safeguards, quicker resolutions, and fair restitution.&nbsp; 
This marks a significant step forward, especially considering the substantial losses to scams in the past. However, questions remain: How swiftly can banks complete their internal investigations given the volume of weekly scam cases? If compensation is due, will it be disbursed as a lump sum or in stages? Addressing these concerns will be crucial in ensuring the system is both efficient and equitable.
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 this mechanism in place, victims could have a real opportunity to receive compensation from banks.

f01f1747d0db875bcad83e896cfbf8b5070ac01f7ab5c8fd6a075d1be98ebb0f

Government Takes A Firm Stand On Bank Accountability For Scam Victims

For many Malaysians, having extra cash in our pockets is always a welcome opportunity. But beyond just saving, the idea of investing to grow our wealth is equally appealing and a smart financial move.&nbsp;
With most Malaysians retiring at 60, financial planning becomes crucial. Many wonder how long their savings, including EPF contributions, will last, as every ringgit matters when there&rsquo;s no steady income.
Touch &lsquo;n Go eWallet Introduces Principal PRS for Retirement Savings
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/78b60423dba2d2deb0abba7621b4bba94179d910ec54519fad2e38cf4ed801d4" />
Touch &lsquo;n Go eWallet (TNG eWallet), in collaboration with Principal Asset Management Berhad (Principal), has unveiled the Principal PRS (Private Retirement Schemes) to empower Malaysians in planning their retirement. This innovative addition allows users to begin saving for retirement with contributions starting from as little as RM100. Investors have the flexibility to choose between conventional or Shariah-compliant funds, tailored to their individual retirement goals and risk tolerance.
The Principal PRS Target Date Funds (TDF) align investments with the user&rsquo;s expected retirement year, progressively shifting from aggressive strategies during the earlier years to conservative approaches as retirement nears. This dynamic approach ensures that users&rsquo; portfolios adapt to their evolving financial needs and risk appetite, making retirement planning seamless and stress-free.
Alan Ni, CEO of TNG Digital, emphasized, &ldquo;Our goal is to make financial security accessible and achievable for every Malaysian. By adding the Principal PRS to GOfinance, we&rsquo;re providing 22 million TNG eWallet users with an easy, reliable way to actively plan for a comfortable retirement while complementing existing savings.&rdquo;
Principal CEO of Malaysia and Global Shariah, Munirah Khairuddin, shared her enthusiasm, stating, &ldquo;This PRS solution is the first-of-its-kind in Malaysia, leveraging global expertise in asset allocation. It&rsquo;s a hassle-free way to grow your savings, adapting your investments automatically as you approach retirement.&rdquo;
Benefits and Incentives for Malaysians
<img src="https://r2.myc.my/a1205991e5ba1c9e362a3adf63de35453cb24f62d875c2be4cbdbdb606310703" />
One of the standout features of the Principal PRS is its accessibility, with a low entry point of RM100. Contributions also qualify for income tax relief of up to RM3,000 annually until 2030, making it a practical and tax-efficient solution for Malaysians looking to boost their retirement savings.
To encourage participation, TNG eWallet is offering an additional reward of up to 8% per annum for 30 days on investments of RM100 or more made before December 31, 2024. This incentive underscores TNG Digital&rsquo;s commitment to fostering a savings culture among its users while enhancing their long-term financial resilience.
Users can easily access this feature through the GOfinance Hub within the TNG eWallet app. By selecting either the Principal RetireEasy or Principal Islamic RetireEasy funds, they can start saving immediately. Current estimated returns range from 18.96% to 26.80% for conventional funds and 15.40% to 21.52% for Sharia-compliant options.
How Principal PRS Works
<img src="https://r2.myc.my/e5c632d3816ec5719ea0dcda7a9848b5e51d33da94e3cc338c18e4803bcd1106" />
The Principal PRS Target Date Funds are designed to simplify the investment process for users. During the early stages of the investment, the funds are allocated to aggressive, growth-focused strategies, which are gradually rebalanced to more moderate and conservative strategies as retirement approaches. This glide path ensures that users&rsquo; portfolios are optimized for their specific age and retirement timeline without the need for active management.
Munirah elaborated, &ldquo;The TDF eliminates the complexity of retirement planning. Users only need to maintain consistent contributions, and the fund will handle the heavy lifting by adapting the investments to suit their life stage.&rdquo;
TNG eWallet&rsquo;s integration of the Principal PRS represents a significant step forward in making financial planning accessible to all Malaysians. With this user-friendly and secure solution, individuals can take charge of their financial future effortlessly.
To learn more or to start your retirement savings journey, visit TNG eWallet&rsquo;s GoInvest page <a href="https://www.touchngo.com.my/goinvest/principal/">here</a>.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Got extra cash? Put it to good use and start building your retirement fund today!

56c2b129b44a10b6707bc8fd33c9c08e79ceb3fd157c9e0b56d14733054a0f01

TNG eWallet Launches Principal PRS, Enabling Users To Start Retirement Savings With Just RM100

Have you ever wondered about the earnings of Malaysia's state representatives? Recently, Altimet, the Lembah Jaya State Assemblyman and former rapper, opened up about his monthly earnings during an episode of Dol&rsquo;s Podcast. He disclosed that his income as a state assembly member (ADUN) in Selangor could reach up to RM16,000 per month, including allowances.
Selangor: Among the Top States for YB Salaries
<img src="https://r2.myc.my/812f3a5d06143f61a1217ad99c61f344349c5ee4723f9fe618257192a03f6190" />
Altimet shared insights into his earnings while speaking with podcast hosts Shuk Sahar, Shuib, and Fizi. He explained that Selangor ranks among the top three states offering the highest salaries for state representatives in Malaysia.
The RM16,000 monthly figure he mentioned is not just a basic salary but also encompasses allowances for responsibilities tied to his role. These include community service, legislative duties, and other obligations expected of an ADUN.
While Selangor offers attractive pay packages, Altimet clarified that certain perks, such as housing and official vehicles, are not included in the benefits. However, ADUNs can access loan facilities similar to those available to government employees.
<blockquote class="tiktok-embed" style="max-width: 605px; min-width: 325px;" cite="https://www.tiktok.com/@dolspodcast/video/7441927577494621448" data-video-id="7441927577494621448">
<section><a title="@dolspodcast" href="https://www.tiktok.com/@dolspodcast?refer=embed" target="_blank" rel="noopener">@dolspodcast</a> Gaji wakil rakyat adalah sebanyak?? Layan Episod 38, 9 MALAM INI di Youtube Shuib Channel &amp; spotify Dol&rsquo;s Podcast. Podcast ini dibawakan khas untuk anda oleh Pop Motif Interior Pte Ltd A HDB licensed contractor 📞 8755-6538 IG: @popmotif.sg Fb: popmotif 💻 www.popmotif.sg Pop Motif Interior Pte Ltd Deserve To Be Noticed. @shuibsepahtu @shuksahar @Fizie Roslan @Mamatsepah_Nana @Pop Motif Official @altimet <a title="dolspodcast" href="https://www.tiktok.com/tag/dolspodcast?refer=embed" target="_blank" rel="noopener">#DolsPodcast</a> <a title="♬ original sound - Dol&rsquo;s Podcast" href="https://www.tiktok.com/music/original-sound-Dol&rsquo;s-Podcast-7441927603973393169?refer=embed" target="_blank" rel="noopener">♬ original sound - Dol&rsquo;s Podcast</a></section>
</blockquote>

<script async="" src="https://www.tiktok.com/embed.js"></script>

Allowances and Responsibilities: Beyond the Pay
<img src="https://r2.myc.my/8b9ff99bef078c866b49eac3a3ae2eb9d478f8d025cbb9d03e05d4742b13e9ad" />
State assembly members in Selangor also receive specific allowances to support their work. Among them is a provision for hiring a personal driver.
&ldquo;Part of our allowance includes a budget for a driver,&rdquo; Altimet explained. &ldquo;The State Secretary (SUK) encourages us to ensure we hire one, as the allowance is specifically allocated for this purpose. Not hiring a driver could even draw criticism from higher-ups.&rdquo;
This allowance is just one example of how Selangor's government aims to ensure its YBs can fulfil their duties effectively.
The Role of a YB: Serving the People
Representatives with the title &lsquo;Yang Berhormat&rsquo; (YB) shoulder the responsibility of voicing the concerns of their constituents while actively participating in legislative processes. Elected by the people, these representatives work to balance the demands of governance with the needs of their communities.
Although they receive a salary, like any other professional, the job comes with a mix of public scrutiny and high expectations. Altimet&rsquo;s candid disclosure offers a rare glimpse into the financial and logistical aspects of being a YB in Malaysia.
Watch The Full Podcast Here:
<iframe src="https://www.youtube.com/embed/-zORO4nRrUU?si=SFQiDzNIjkr2GQku" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
It&rsquo;s true, that RM16,000 is a significant sum, but let&rsquo;s be honest&mdash;if a YB is truly dedicated and fulfils their responsibilities, it&rsquo;s a fair reward for their efforts. What really matters is ensuring these allowances are used responsibly, without being misdirected for personal gain, and that the community benefits from their work.
What do you think? Should YBs earn this much, or is it too high? Share your thoughts in the comments below!
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Beyond the RM16K pay check, being a YB comes with additional financial perks to support their responsibilities.

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