Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

economy

performance

invesment

growth

payout

dividend

distribution

The Employees Provident Fund (EPF) has declared a dividend rate of 6.3% for both conventional and Syariah savings accounts for the financial year 2024. This marks a notable increase from the 5.5% for conventional savings and 5.4% for Syariah savings announced in 2023. The total dividend payout for 2024 amounts to RM73.24 billion, reflecting a continued upward trend in returns for EPF contributors.
This is the highest dividend payout since 2018 and exceeds market expectations, which had projected a range between 5.8% and 6.2% for conventional savings and 5.4% to 5.6% for Syariah savings. The increase is attributed to strong investment performance, recovering global and domestic markets, and sound portfolio management. Notably, the dividends for 2024 surpass those from 2022, where the rates stood at 5.35% for conventional savings and 4.7% for Syariah savings, showcasing a steady recovery over the years.
EPF&rsquo;s Investment Success
<blockquote class="twitter-tweet">
KWSP mengumumkan kadar dividen sebanyak 6.30% bagi Simpanan Konvensional, dengan jumlah agihan sebanyak RM63.05 bilion dan 6.30% bagi Simpanan Shariah, dengan jumlah agihan sebanyak RM10.19 bilion. Ini menjadikan jumlah keseluruhan agihan untuk tahun 2024 sebanyak RM73.24 bilion. <a href="https://t.co/aw1siaQRJ9">pic.twitter.com/aw1siaQRJ9</a>
&mdash; KWSPMalaysia (@KWSPMalaysia) <a href="https://twitter.com/KWSPMalaysia/status/1895687163603534262?ref_src=twsrc%5Etfw">March 1, 2025</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

For the year 2024, EPF reported a total investment income of RM74.46 billion, an 11% increase from RM66.99 billion in 2023. The fund&rsquo;s total investment assets also grew by 10%, reaching RM1.25 trillion, up from RM1.14 trillion the previous year. This growth was driven by portfolio income and net contributions, which rose 11% year-on-year, amounting to RM108.22 billion, compared to RM97.56 billion in 2023.
A breakdown of the total payout for 2024 reveals that RM63.05 billion was allocated to conventional savings account holders, while RM10.19 billion was distributed to Syariah savings account holders. This compares favourably with the previous year&rsquo;s distribution of RM50.33 billion for conventional savings and RM7.48 billion for Syariah savings, highlighting a substantial improvement in fund performance.
Investment Distribution and Performance
<img src="https://r2.myc.my/9c8f71eca8b731cccf23133f3e62e6b9deeb1e7ed627ac4e7fe52fbd72340c61" />
The EPF&rsquo;s investments span various asset classes, with the equity segment accounting for 43.5% of total assets under management (AUM) and contributing RM49.79 billion or 66.9% of total investment income. Other key asset classes include:
<ul>
<li>Fixed income (46.2% of AUM) &ndash; RM21.91 billion (29.4% of total income)</li>
<li>Real estate and infrastructure (6.3% of AUM) &ndash; RM1.64 billion (2.2% of total income)</li>
<li>Money market (4% of AUM) &ndash; RM1.12 billion (1.5% of total income)</li>
</ul>
EPF&rsquo;s investment strategy has played a crucial role in its ability to deliver strong returns. By maintaining a diversified portfolio, the fund has been able to capitalise on market upswings while mitigating risks associated with economic fluctuations. The fund's emphasis on long-term growth and sustainability ensures that contributors benefit from consistent returns, reinforcing confidence in Malaysia&rsquo;s largest retirement savings institution.
Economic Factors Supporting Growth
<img src="https://r2.myc.my/23416117c051d1c4b71f3ae3a346c9ae9a77b59a09465b2775cba58fca0e3727" />
EPF Chairman Tan Sri Mohd Zuki Ali highlighted that the strong dividend performance was driven by various economic factors, including a recovering global and domestic economy, resilient investment strategies, and stable inflation. Malaysia&rsquo;s economy expanded by 5.1% in 2024, playing a crucial role in boosting EPF&rsquo;s returns.
&ldquo;Domestically, strong investments, a healthy labour market, and stable inflation boosted demand, while exports benefited from global stability and the technology upcycle,&rdquo; he stated. He also noted that government initiatives under Budget 2024 and the Madani Economy framework have helped attract foreign investments, creating a favourable environment for economic growth. The continued emphasis on infrastructure development and digital transformation has also played a role in boosting economic resilience, further supporting EPF&rsquo;s investment strategies.
A Positive Outlook for EPF Members
EPF&rsquo;s diversified investment strategy has allowed it to capitalise on growth opportunities and optimise returns, reinforcing long-term financial security for its members. With a continued focus on sustainable investments and strategic asset allocation, EPF remains committed to delivering strong returns despite global economic uncertainties.
The increase in dividend rates for 2024 offers reassurance to its members, reaffirming EPF&rsquo;s role in ensuring financial stability for Malaysians as they plan for retirement. As the fund moves forward, its emphasis on strong governance, prudent investment management, and adaptability to market conditions will remain key drivers in sustaining positive growth.
Given the fund&rsquo;s consistent ability to deliver competitive returns, EPF members can look forward to continued financial security. The higher net contributions seen in 2024 suggest that more Malaysians are prioritising retirement savings, which will further strengthen the fund's position in the years ahead. Moving forward, EPF aims to enhance digital services, expand investment opportunities, and maintain a resilient portfolio, ensuring long-term sustainability and prosperity for its contributors.
What are your thoughts on this? Let us know in the comments. 
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*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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A significant increase in dividend payout. 

19a9d3d68646560a49b86e7b7a7039c148c2575fe94143031233b6fbe23e7763

EPF Declares 6.3% Dividend For 2024, Marking Strong Investment Performance

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

Beloved modern retro band MASDO has officially marked a decade in Malaysia&rsquo;s music scene with an unforgettable fan event and the exciting announcement of a full-scale anniversary concert this coming August. Known for their infectious throwback sound and strong fanbase, the trio celebrated the milestone in true MASDO fashion&mdash;complete with mystery, music, and meaningful moments.
Who Are MASDO?
<img src="https://r2.myc.my/e538077f77e8c082276bd4428214797733e1621ac04a10d25713438864318adc" />
&nbsp;MASDO is a Malaysian pop rock band known for their modern take on 1960s "pop yeh yeh" music, blending retro styles with contemporary flair. Formed in 2015, the band comprises Ali Sariah (vocals/guitar), Putu Ceri (bass/backing vocals), and Asmawi (guitar/backing vocals). Their name, inspired by the character "Do" from the classic P. Ramlee film Do Re Mi, reflects their homage to Malaysia's musical heritage.
<iframe src="https://www.youtube.com/embed/ft8oLwsoIN0" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
MASDO gained widespread recognition with their debut single "Bunga" in 2016, followed by hits like "Dinda," "Janji Manis," and "Pujaanku" featuring Aisyah Aziz. Their song "Dinda" achieved viral status on TikTok in Indonesia, leading to over 60 million streams on Spotify by January 2025. The track also reached the finals of Anugerah Juara Lagu 34 in 2020.
The band's discography includes the albums Selamat Tinggal Pujaan (2017) and Jalan Abbey (2020), the latter recorded at London's iconic Abbey Road Studios. In 2024, they released the single "Perih Jerih" and embarked on a tour across Indonesia, performing in cities like Jakarta, Yogyakarta, and Bali.
In recognition of their growing influence, MASDO was nominated for Best Asia Act at the 2024 MTV Europe Music Awards, marking a significant milestone in their international presence.
With their distinctive style and commitment to reviving classic Malaysian pop, MASDO continues to captivate audiences both locally and abroad.
A Night to Remember at Saloma KL
&nbsp;<img src="https://r2.myc.my/b955a4d9b2b8ca5a8ba8b37d6992d378f5d5ae70fb658bf08604c96f5da73ff2" />
On 30 April 2025, over 200 devoted fans and media guests gathered at Saloma Bistro in Kuala Lumpur for a special event titled Perjumpaan Ahli Mesyuarat Tingkap. MASDO had spent days teasing the event on Instagram through cryptic posts, prompting widespread speculation online. When the night arrived, it turned out to be more than just a gathering&mdash;it was a heartfelt celebration of their journey and an intimate thank-you to fans.
In appreciation of the fans who have supported them through thick and thin, MASDO performed a live mini showcase featuring some of their most beloved hits. Songs such as Dinda, Lautan Asmara, Janji Manis, Bunga, and Berchanda di Malam Indah echoed through the venue, with fans singing along and soaking in the retro vibes that have become the band&rsquo;s trademark.
The performance was not just entertainment&mdash;it was a walk down memory lane, and a prelude to something much bigger.
&lsquo;Al-Kisah Masdo Sepuloh Tahun&rsquo;: The Concert Announcement 
<img src="https://r2.myc.my/d985497ed017dab5df98e46115af20fec0f93716e4c6e2fc8ac772c2b88adc05" />
The climax of the evening came when MASDO dramatically unveiled the poster for their 10th-anniversary concert. In a symbolic reveal, a cloth draped over the MATIC building was pulled down, exposing the details of Al-Kisah Masdo Sepuloh Tahun&mdash;a grand concert scheduled for 30 August 2025.
This milestone show will be held at Idea Live Arena KL @ 3 Damansara, a brand-new venue with a 7,000-capacity. MASDO will be the first act to perform there, promising fans a high-energy yet intimate experience steeped in nostalgia and celebration.
Ticketing and Pre-Registration Details
Fans eager to be part of this momentous occasion can pre-register for early bird Rockzone tickets priced at RM128 between 30 April and 1 May. Once public sales begin, tickets will be available at RM148 for Rockzone (free standing) and RM198 for Category 1 (seated).
A New Album in the Works
Speaking to the media after the event, band members Ali Sariah, Asmawi, and Putu Ceri expressed their heartfelt gratitude to fans. &ldquo;For them to turn up here itself is a fantastic gift for all of us,&rdquo; said Ali. Reflecting on the journey, he added, &ldquo;It has been an exciting ride. The last 10 years were full of ups and downs, but breaking into the Indonesian market was a major achievement.&rdquo;
The trio also revealed they have been hard at work on a brand-new album to coincide with their 10th anniversary. &ldquo;We want this album to be special,&rdquo; they shared. &ldquo;And we hope those who have been with us from the beginning will also join us at the concert&mdash;it&rsquo;s a gift for them too.&rdquo;
You can stream their music below:
<iframe style="border-radius: 12px;" src="https://open.spotify.com/embed/artist/2r1WoyhX1FSc7AmcF8rkoO?utm_source=generator" width="100%" height="352" frameborder="0" allowfullscreen="allowfullscreen" loading="lazy"></iframe>
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*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Don’t miss MASDO live this 30th August – it’s their biggest show yet!

3a380d067c0d6de7c8140b7cea203a7b599619fbd4c4b333dc798bd40bff1ca0

MASDO To Mark A Decade With “Al-Kisah Masdo Sepuloh Tahun” Concert!

The federal government is actively exploring the possibility of broadening the scope of its FLYSiswa initiative to include land transport subsidies for students in Peninsular Malaysia. This potential expansion of the programme&mdash;currently limited to subsidised air travel&mdash;was announced by Prime Minister Datuk Seri Anwar Ibrahim during a dialogue session at the Management and Science University (MSU) in Shah Alam on Monday.
Calls to Extend FLYSiswa Beyond Air Travel
&nbsp;<img src="https://r2.myc.my/d81bea9b68f60e671282fdc87aea7736db677d2d4a80a913b01167a8b4498c9c" />
The proposal came in response to a question from a student participant, who suggested that the government extend the FLYSiswa initiative to land-based transport such as buses and trains. The student noted that many students in the peninsula still struggle with travel costs when returning home, particularly those attending universities far from their hometowns.
Anwar acknowledged the concern and said the idea warranted serious consideration. He confirmed that discussions would soon be held with Transport Minister Anthony Loke to evaluate how the scheme could be adapted to better serve students throughout the country&mdash;not just those travelling between East and West Malaysia.
"As for FLYSiswa in the peninsula, I&rsquo;ll discuss it with the Transport Minister,&rdquo; Anwar said. &ldquo;Perhaps for certain areas or specific locations, we can look into implementing it. The needs of students in the peninsula are just as important and deserve to be reviewed.&rdquo;
What is FLYSiswa?
&nbsp;<img src="https://r2.myc.my/7b926fa80d674293c5e3d5cc5455736884d622380625523f8188030e3ec5a745" />
The FLYSiswa programme is an annual government initiative introduced under the Ministry of Transport. It provides subsidies for flight tickets for students at public universities, polytechnics, and community colleges under the Ministry of Higher Education, as well as students in matriculation centres and teacher training institutes under the Ministry of Education.
Its core aim is to ease the financial burden of students travelling long distances for academic purposes, especially those commuting between Peninsular Malaysia and the states of Sabah, Sarawak, and the Federal Territory of Labuan. The scheme has proven particularly vital during festive periods, when airfares can surge dramatically due to high demand.
Read: <a href="https://myc.my/articles/4048/flysiswa-2025-how-to-apply-for-the-public-university-travel-subsidy">FLYsiswa 2025: How To Apply For The Public University Travel Subsidy</a>
High Airfares During Festive Seasons Prompt Government Action
&nbsp;<img src="https://r2.myc.my/ed489deaa1b776141067ae9e3eda26299c076509630e9c8e69d98a85e71c1612" />
Anwar noted that the primary reason East Malaysian students were prioritised in the current FLYSiswa rollout is due to the consistently high price of domestic flights to and from the Bornean states. He said airfares tend to rise sharply around Hari Raya, Christmas, and other festive periods, placing immense financial pressure on families and students.
"We need to ensure that ticket prices remain reasonable and that there is no price exploitation," the Prime Minister stressed. &ldquo;If a ticket usually costs RM20 and suddenly doubles during a festive season, that&rsquo;s unacceptable. The government is duty-bound to intervene and create mechanisms to prevent such unreasonable hikes.&rdquo;
He added that while airline fare regulation falls under the purview of market forces, there must be a balance to prevent profit-maximising practices from disadvantaging those who can least afford them.
Inclusion of Land Transport Would Mark Major Shift 
&nbsp;<img src="https://r2.myc.my/df38df80ddbebf3a77316de31f48966ec02547a0cee8784814d79728329df7b0" />
If implemented, the expansion of FLYSiswa to include land transport in Peninsular Malaysia would be a significant shift in policy. It could potentially cover bus and train travel for students who face long or costly commutes between their hometowns and university campuses, especially in rural or underserved areas.
While the Prime Minister did not confirm the exact modalities or timeline for such an expansion, he reiterated the government&rsquo;s commitment to ensuring equitable access to education-related support for all students, regardless of geography.
Revamping the Perdana Fellow Programme for Greater Youth Access
&nbsp;<img src="https://r2.myc.my/2784947d97aafb7ec15848de0099b4c32654cd233a35ef0e944757264a7a6b06" />
In a related announcement, Anwar also revealed plans to expand and improve the Perdana Fellow Programme. The initiative, established in 2013, was designed to expose young Malaysians to the inner workings of government through direct mentorship under ministers and senior officials.
According to the Prime Minister, the Akademi Kenegaraan Malaysia is spearheading a review of the programme to allow more young people to participate, including those who may not qualify for the current highly selective intake.
&ldquo;We&rsquo;re in discussions to enhance the programme, and not everyone needs to be an official fellow to benefit,&rdquo; Anwar explained. &ldquo;We want to provide opportunities for more young Malaysians to interact with national scholars, senior leaders, and policymakers in structured, meaningful ways.&rdquo;
He stressed that the programme plays a crucial role in helping future leaders understand the responsibilities of governance while shielding them from misinformation and baseless accusations about the administration&rsquo;s work.
Engaging the Youth Through Exposure and Opportunity
The Prime Minister emphasised that initiatives like FLYSiswa and the Perdana Fellow Programme are part of the government&rsquo;s broader effort to invest in Malaysia&rsquo;s future by empowering its youth.
&ldquo;We must ensure our young people are supported not just in their academic journey, but also in their development as informed, capable citizens,&rdquo; he said.
The Temu Anwar session at MSU was attended by over 4,000 students and marked the Prime Minister&rsquo;s first formal engagement with a private university. Also present were Deputy Higher Education Minister Datuk Mustapha Sakmud, MSU President Tan Sri Dr Mohd Shukri Ab Yajid, and Vice-Chancellor Prof Puan Sri Dr Junainah Abd Hamid.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Since some areas are harder to reach, land transport offers a more practical and cost-effective alternative.

6b2aac4daac1fba6405d99345db574e90f7bb3469ee500e47dac76971941dea9

Govt May Expand FLYSiswa To Include Land Transport For Peninsular Students, Says Anwar

Netflix has unveiled the first teaser trailer for the hotly anticipated third season of its record-breaking Korean dystopian thriller Squid Game, confirming a global premiere date of 27 June 2025. Marketed as the final chapter in the main saga, Season 3 promises even higher stakes, emotional turmoil, and a reckoning that could bring the entire deadly enterprise crashing down &mdash; or see it evolve into something even more terrifying.
A Global Streaming Phenomenon Like No Other
<img src="https://r2.myc.my/0037363f23c764535b21437862951d0639cacc14aa06aa2d60a88b37bd4d6bdf" />
When Squid Game first premiered in September 2021, few could have predicted the cultural impact it would ignite. With its brutal depiction of a twisted competition where debt-ridden players fight &mdash; and die &mdash; for a life-changing cash prize, the series struck a nerve globally. Season 1 shattered records with 265.2 million views, becoming the most-watched Netflix series of all time.
The long-awaited Season 2, which dropped in December 2024, didn&rsquo;t just live up to expectations &mdash; it rewrote them. The sophomore outing pulled in 192.4 million views within its first few days, ranking second on Netflix&rsquo;s all-time list for non-English language series and reaffirming the franchise&rsquo;s dominance in the streaming era.
With both critical acclaim and a ravenous fanbase behind it, Netflix opted to film Seasons 2 and 3 back-to-back, ensuring narrative continuity and production momentum. The decision has enabled the final season to arrive just six months after the previous one &mdash; a rare turnaround in the age of multi-year delays.
Gi-hun&rsquo;s Return: A Hero&rsquo;s Grief Turns to Vengeance
&nbsp;<img src="https://r2.myc.my/893aee1445c046680e22e753287b808d876778306372ef2a143ca91761b5681f" />
Season 3 picks up immediately where Season 2 left off, with Seong Gi-hun (Lee Jung-jae), also known as Player 456, choosing not to board a flight to the United States, instead turning back toward the source of his trauma. After the devastating death of his friend and ally Jung-bae (played by Lee Seo-hwan) &mdash; executed by the enigmatic Front Man for attempting to expose the organisation &mdash; Gi-hun resolves to bring down the game from the inside.
This season, Gi-hun is no longer a reluctant survivor. He returns as a man fuelled by loss, rage, and a sense of responsibility for the lives destroyed by the games. As series creator Hwang Dong-hyuk teased, &ldquo;He&rsquo;s on a path of no return now. The question is not just whether he can survive, but whether he can live with what he must do.&rdquo;
According to early previews, viewers can expect a far darker, more psychological version of Gi-hun &mdash; a transformation that reflects the moral ambiguity of dismantling an institution from within.
Unveiling the Trailer: Mystery, Symbolism, and a New Game of Chance
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The teaser trailer, which premiered on 6 May, opens with a haunting visual callback: masked pink-suited guards solemnly carry a black coffin, wrapped in a pink ribbon, into the arena &mdash; a familiar symbol of the game&rsquo;s brutal &lsquo;elimination&rsquo; ritual. Players gather around in fearful silence, only to discover Gi-hun inside, unconscious.
As he awakens, the camera cuts to a towering gumball machine dispensing red and blue spheres &mdash; possibly signalling a new set of rules, alliances, or fates. One orb lands ominously at Gi-hun&rsquo;s feet. Just before the screen fades to black, the cry of a baby echoes, fuelling speculation among fans that a pregnant player may give birth mid-game &mdash; a chilling metaphor for innocence trapped in a world of cruelty.
The tone is immediately more visceral and urgent than previous seasons. While Squid Game has always leaned on childhood nostalgia as a thematic tool, the trailer suggests that innocence, birth, and moral choices will play a central role in this final season.
Who&rsquo;s Returning for Season 3?
&nbsp;<img src="https://r2.myc.my/c797f1ebec023be624009868e931c970638d97e58ad40fb69c7182c70ad1312b" />
Several familiar faces are set to reprise their roles, continuing storylines that have captured fans worldwide:
<ul>
<li>Lee Byung-hun as the cold, calculating Front Man, whose own motivations and backstory have only begun to unravel.</li>
<li>Wi Ha-jun returns as detective Hwang Jun-ho, who miraculously survived his apparent death and is now closer than ever to exposing the game&rsquo;s organisers.</li>
<li>Yim Si-wan as Myung-gi (Player 333), the unpredictable recruit with a dark intellect.</li>
<li>Kang Ha-neul as Dae-ho (Player 388), a man haunted by his past and increasingly unstable.</li>
<li>Park Sung-hoon, Yang Dong-geun, Kang Ae-sim, and Jo Yu-ri return in their respective player roles.</li>
<li>Park Gyu-young is back as No-eul, the pink-suited guard whose conflicted morality hints at the possibility of rebellion within the ranks.</li>
</ul>
This diverse ensemble cast brings together new and old blood, promising complex alliances, betrayals, and unlikely friendships under the game&rsquo;s unforgiving pressure.
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Creator&rsquo;s Vision: Hwang Dong-hyuk&rsquo;s Story Comes Full Circle
&nbsp;<img src="https://r2.myc.my/18afd0db90d01d7b6f38dc90ef0a82ec6adddb3ae90ddc7c40a0ac45f87f1b1f" />
Series creator and director Hwang Dong-hyuk, who won an Emmy for Season 1 and returned to direct all six episodes of the final season, described Season 3 as a &ldquo;mirror and magnifier&rdquo; of the real world&rsquo;s growing inequality. He has previously stated that while Season 1 represented individual desperation, and Season 2 focused on resistance, Season 3 is about systemic collapse &mdash; or the failure thereof.
&ldquo;There is no escape,&rdquo; Hwang recently said in a press event. &ldquo;Even when you think you&rsquo;ve broken the game, the game changes shape and finds a way to survive. That&rsquo;s what Gi-hun is up against.&rdquo;
Spin-Offs, Games, and a Cinematic Universe in the Making
Although Season 3 is being positioned as the end of the main story, Netflix is not letting go of the Squid Game franchise anytime soon. A mobile title, Squid Game: Unleashed, was released in 2024 and remains one of the top-downloaded strategy games on both Android and iOS platforms. Netflix has also confirmed it is developing a spin-off, rumoured to be helmed by Mindhunter director David Fincher, though details remain under wraps.
<img src="https://r2.myc.my/f7ac65c1b4bc5e2d9c5f8cd6e9e308a32743f03c710259e1ac334f53269165c0" />
A second season of the real-life competition series Squid Game: The Challenge is also in production, blending reality TV with game show mechanics to capitalise on the original series&rsquo; popularity.
With Stranger Things also concluding later in 2025, Netflix&rsquo;s shift toward Korean-led franchises underscores its global strategy &mdash; one that increasingly depends on high-concept, high-stakes storytelling beyond the English-speaking world.
The Endgame Begins
As the teaser draws to a close, Gi-hun stands in a sea of black coffins, the pink ribbons fluttering like taunts. His face is stoic. He reaches down, picks up the red ball from the gumball machine, and stares at it. The screen cuts to black. A single sentence appears: &ldquo;One last game.&rdquo;
With mounting tension, philosophical depth, and visual spectacle promised in every frame, Squid Game Season 3 is not merely the conclusion of a storyline &mdash; it&rsquo;s the climax of a cultural event that has defined a generation of streaming television.
Prepare to play. 27 June 2025. Only on Netflix.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Mark your calendars – the final game begins on 27 June.

c378c79480e5276681cabf58fd3732169c15f1e35b24c9b0315c294ba6ce5e72

‘Squid Game’ Season 3: Netflix Drops Teaser Trailer Ahead Of Explosive Finale

Malaysia&rsquo;s booming headscarf industry has long been a testament to the increasing demand for modest fashion, driven in part by celebrity-led brands. However, one of the country&rsquo;s major manufacturers is now facing financial hardship, claiming it is owed millions by a company linked to one of Malaysia&rsquo;s most recognisable stars&mdash;actress and entrepreneur Nur Fazura Sharifuddin.
According to legal documents and media interviews, Obor Holding Sdn Bhd&mdash;the owner of headscarf brand Feline Malaysia&mdash;is taking legal action against Fazura&rsquo;s company, alleging a debt of RM4.65 million stemming from unpaid supplies.
Legal Dispute Over Unpaid Hijab Orders
&nbsp;<img src="https://r2.myc.my/90e426a9f88504534ed4e254a0d9dae81c63f97f8105a215046d9a49550ed990" />
In a statement elaborated by Kosmo Online, Obor Holding alleges that Fazura&rsquo;s company, Pink Fate Sdn Bhd, received headscarf stock worth over RM7.3 million since June 2022. Of that total, only RM2.68 million has been paid, leaving an outstanding sum of RM4,650,029.14.
Pink Fate is widely associated with the Tudung Fazura brand, a popular hijab line co-founded by the celebrity herself. The claim further alleges that payment collection became increasingly difficult from December 2023 onwards, despite repeated reminders and attempts to settle the issue amicably.
Fazura and Family Named as Defendants
&nbsp;<img src="https://r2.myc.my/2be703f8c98b988c624fbae83d5988097247bb8eb9e67b6eb95b20c21fbc7e5c" />
Besides Pink Fate Sdn Bhd, the statement names several other parties as defendants in the lawsuit. Fazfit Sdn Bhd&mdash;believed to be behind Fazura&rsquo;s skincare range&mdash;is listed as the second defendant, while Fazura&rsquo;s brother, Ahmad Faiz Sharifuddin, is the third, and Fazura herself the fourth.
Obor Holding claims that in mid-2024, five additional headscarf orders were placed, amounting to RM3.6 million, despite the company already being in arrears. These new orders were said to be part of the &ldquo;Merdeka Collection&rdquo;, a joint initiative with the Ministry of Education to commemorate Malaysia&rsquo;s 67th Independence Day. According to the claim, Faiz had assured the manufacturer that the orders were backed by government funding.
To bolster confidence, Faiz and Fazura reportedly referenced collaborations with well-established institutions such as Boh Plantations (BOH), Movenpick Hotel, and the National Cancer Institute (IKN), as proof of their financial capability and credibility. This reassurance allegedly led Obor Holding to continue fulfilling orders in good faith.
Cheque Bounce Deepens Financial Blow
&nbsp;<img src="https://r2.myc.my/584412f44fbad5755fefb4079f05e4ccb2ead996369737f071fae84092e1ec03" />
Despite the volume of goods supplied, Obor Holding claims it has yet to receive any further payments. The manufacturer also revealed that in September 2024, it was handed a cheque worth RM1 million, co-signed by both Fazura and her brother. However, the cheque was dishonoured, and the company received a formal notice from the bank indicating insufficient funds.
All transactions referenced in the lawsuit reportedly occurred while Fazura was still a director of Pink Fate. She later stepped down in January 2025, but her brother Faiz remains actively involved in the company&rsquo;s management. In response to the ongoing non-payment, Obor Holding has initiated proceedings to obtain a Judgment in Default, as no response was filed by the defendants within the required legal timeframe.
Founder Expresses Frustration Over &lsquo;False Promises&rsquo;
 <img src="https://r2.myc.my/e43c3a2d4cd4d58ae469c23d1867f5b57ddfc060db2ee1a24b9d4556df7b1843" /> Lim Boon Hai (Sam) on the far right.
In an interview, Obor Holding founder and managing director Lim Boon Hai&mdash;also known as Sam&mdash;shared his dismay over the ordeal. He described the company&rsquo;s attempts to contact Fazura&rsquo;s team as fruitless and expressed frustration at being led on with what he called &ldquo;empty promises&rdquo;.
&ldquo;We have tried every possible method to reach them,&rdquo; said Lim. &ldquo;Since late 2023, it&rsquo;s been nearly impossible to recover the payments. Our financial position has suffered significantly because of this.&rdquo;
Lim also lamented that despite Fazura&rsquo;s public persona as a reputable figure, her company has allegedly failed to honour basic commercial commitments. &ldquo;I never expected someone as influential and well-known as Fazura to leave us hanging like this. We&rsquo;re not asking for favours&mdash;just the payment for goods we&rsquo;ve delivered.&rdquo;
He added that while he remains open to settling the matter outside court, the lack of cooperation from the other side has left him with no alternative. &ldquo;This is not the path we wanted to take. But their refusal to engage has forced us into legal proceedings.&rdquo;
Manufacturer Warns Others: &lsquo;Don&rsquo;t Be Misled by Popularity&rsquo;
Lim expressed concern that other small or medium-sized businesses might fall into similar traps when dealing with celebrity-backed ventures. &ldquo;Don&rsquo;t be too easily swayed by fame or influence. We&rsquo;ve learnt a painful lesson,&rdquo; he said. &ldquo;I wouldn&rsquo;t have gone public if our claims weren&rsquo;t legitimate. This is about fairness and survival.&rdquo;
He stressed that his company had operated in good faith, trusting in the reputation of Fazura and her associates. However, what started as a promising partnership has turned into a legal and financial nightmare for Obor Holding and its manufacturing subsidiary, Feline Malaysia.
Silence from Fazura&rsquo;s Camp
Attempts to obtain comments from Fazura, her brother, and her management team have so far gone unanswered. As the case proceeds in the High Court of Kuala Lumpur, it remains to be seen whether Fazura or any of the named defendants will offer a public rebuttal or propose a settlement to avoid further reputational damage and legal escalation.
Fazura isn&rsquo;t the only celebrity facing mounting debt. Late 2024 saw several public figures thrust into the spotlight&mdash;not for their talent, but for the stark contrast between their glamorous social media personas and troubling financial realities.
Read: <a href="https://myc.my/articles/4024/when-luxury-masks-debt-the-financial-scandals-of-malaysias-influencers">When Luxury Masks Debt: The Financial Scandals Of Malaysia&rsquo;s Influencers</a>
The bigger question now is: how do these high-profile individuals continue to live so publicly and freely, despite owing substantial sums to others?
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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Behind the glitz and glamour, yet another Malaysian celebrity faces serious financial allegations.

981b9312ead5f80c10575dc6d0200ca2c2b9d9f01e643db664d2e2478252fe9f

Fazura’s Company Sued Over RM4.65 Million Debt To Headscarf Manufacturer

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.

eeb00258686da6dff7bf601317ec304fe039ba4a5f37a93c56e77539c5199872

Bill O’Reilly Doubles Down On “No Money” Claim As Anwar Ibrahim Fires Back

As the United States reinstates heavy tariffs on Chinese imports under former President Donald Trump, a new trade controversy is emerging &mdash; and Malaysia finds itself unwillingly at the centre of it. Reports have surfaced that unscrupulous freight brokers based in China are rerouting goods through Malaysia and mislabelling them as "Made in Malaysia" to evade the steep US duties, raising serious concerns over the potential damage to Malaysia's trade reputation.
From Trade Partner to Transit Point: Malaysia&rsquo;s Role in a Rising Smuggling Tactic
&nbsp;<img src="https://r2.myc.my/4d8cc18d4a0ca3a7db37c9bc2a167dafe4a6f5789aa5c653a38e7fb11337eb08" />
According to reports by Malay Mail and Bloomberg, China-based logistics brokers have been offering US online retailers highly suspicious services to cut down on shipping costs. These include falsifying the country of origin and undervaluing shipments &mdash; with Malaysia being one of the key countries misused in this deception. Some brokers even go as far as posing as importers themselves, offering to handle the documentation and falsely declare the goods as Malaysian-made.
&ldquo;Many clients are now choosing to route Chinese products through Malaysia and claim they are made here,&rdquo; said one freight broker to Bloomberg. The motivation is clear: while Chinese goods are currently facing tariffs as high as 145% in the United States, products genuinely originating from Malaysia are only subject to a 24% import duty.
The scheme is not only unethical but also illegal under US customs law. False declarations of origin constitute a serious offence and may result in civil or criminal penalties for all parties involved &mdash; including sellers, brokers, and importers. As of now, the US Customs and Border Protection (CBP) has not officially confirmed whether enforcement has been ramped up, though they have reiterated that public reports and complaints through their online portal remain a key part of enforcement efforts.
Trump&rsquo;s Tariff Surge Sparks a Wave of Workarounds
&nbsp;<img src="https://r2.myc.my/6bcb751a7431f4b2e92f42c60b618422d15d5c3547bafa7eed5f254cc236183f" />
Read: <a href="https://myc.my/articles/4265/us-slaps-up-to-3521percent-tariffs-on-asean-solar-panels-threatening-malaysias-export-industry">US Slaps Up To 3,521% Tariffs On ASEAN Solar Panels, Threatening Malaysia&rsquo;s Export Industry</a> Read: <a href="https://myc.my/articles/4218/the-impact-of-new-us-tariffs-on-malaysia-jobs-prices-and-the-iphone">The Impact Of New US Tariffs On Malaysia: Jobs, Prices, And The iPhone</a>
This illicit practice appears to have surged after Trump&rsquo;s announcement earlier this month of a new round of trade tariffs, starting at 10% for all imports into the US. Specifically, China has been targeted with the steepest hikes &mdash; first 54%, then 104%, and most recently a staggering 145%. China retaliated by imposing 125% tariffs on US goods, prompting fears of a full-blown trade war echoing previous years.
Even Malaysia &mdash; previously unaffected by the bulk of US trade restrictions &mdash; was not spared. Under Trump&rsquo;s revised policy, Malaysian exports to the US now face a 24% import tariff. Although significantly lower than the Chinese rate, it still marks a steep increase from previous levels and could pose challenges for legitimate Malaysian exporters.
The escalating tariff war has caused an upheaval in the global supply chain. Some Chinese companies are now resorting to third-country transhipment strategies to sidestep duties &mdash; with Malaysia and even South Korea among the countries being exploited as part of this growing black market workaround.
South Korea Faces Similar Challenges with Mislabelled Chinese Goods
&nbsp;<img src="https://r2.myc.my/e4e9aa3a91010b9cc4c8d83659a4fbf4a16525928c0522d2834663ff1275d047" />
Malaysia is not alone in this predicament. South Korea, too, has discovered large-scale violations involving Chinese goods being falsely labelled as South Korean exports. According to the Korea Customs Service, a staggering 29.5 billion won (~RM91,000,000) worth of goods with incorrect origin labels were uncovered in just the first quarter of 2025 &mdash; with 97% of them destined for the US market.
The violations include Chinese-made cathode materials and surveillance equipment that were either reassembled in South Korea or relabelled outright before being shipped to the United States. Some of these goods had already been exported, while others were intercepted at the port.
In response, the Korea Customs Service has launched a special task force and is working closely with US authorities to crack down on these illegal transhipment practices. All violations are expected to be forwarded to prosecutors for legal action.
Malaysia Urged to Act Swiftly to Protect Its Trade Integrity
Malaysian trade analysts are now sounding the alarm. If this misuse continues unchecked, Malaysia&rsquo;s international credibility as a law-abiding trade partner could be at risk. The country's legitimate exporters may find themselves subject to heightened scrutiny by US authorities, leading to delays, increased compliance checks, and potential blacklisting.
There are growing calls for the Malaysian government to act decisively. Trade groups and analysts alike have urged authorities to investigate any abuse of Malaysia&rsquo;s national label and clamp down on foreign attempts to exploit its relatively favourable tariff position. They argue that failing to act could result in long-term reputational damage, making it harder for Malaysian exporters to maintain market access abroad.
&ldquo;Malaysia needs to take swift action to prevent being used as a cover for tariff evasion. This is not just about trade, but about safeguarding our nation's integrity,&rdquo; one analyst said
Understanding Tariffs and Why They Matter
&nbsp;<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/ebdd724d306175630884f79b28dbb2541fa11e0b59529929bfd382852e84cb8c" />
For those unfamiliar with trade policy, tariffs are essentially taxes imposed by one country on goods imported from another. The idea is to make foreign products more expensive, thereby protecting domestic industries and discouraging reliance on overseas suppliers.
But while tariffs serve a political and economic purpose, they also create ripple effects. For instance, Malaysian Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz previously explained that a shirt originally priced at USD 100 (~RM656.25) could cost as much as USD 154 (~RM673.75) after a 54% tariff &mdash; a cost that is typically borne by end consumers rather than corporations.
According to the Tax Foundation, tariffs are a regressive form of taxation. They disproportionately affect low-income households, who end up spending a larger share of their income on essential goods that have suddenly become more expensive due to import taxes.
A Trade War With Global Consequences
As Trump hints at a possible reduction in the 145% tariff on Chinese goods &mdash; stating it will "drop significantly, but not to zero" &mdash; the uncertainty continues to roil global markets. What is clear, however, is that countries like Malaysia must tread carefully. Being caught in the crossfire of a geopolitical trade war not only endangers economic interests but also risks entanglement in a global web of fraud and deception.
Malaysia must now navigate these turbulent waters with a firm stance, ensuring its name is not co-opted by foreign actors for unlawful gain, and upholding its hard-earned reputation as a responsible global trading partner. The time to act is now.
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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South Korea also uncovered falsely labelled goods, highlighting the scale of the transhipment schemes.

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Malaysia Caught In US-China Trade War As Chinese Firms Mislabel Exports To Avoid Tariffs

The United States has imposed sweeping new import duties on solar panels from four Southeast Asian countries &mdash; Malaysia, Vietnam, Cambodia, and Thailand &mdash; in a move that is shaking up the global solar industry. The decision, aimed at bolstering American manufacturers, has drawn sharp criticism from industry players in the region and may have far-reaching implications for solar supply chains, investment flows, and green energy goals.
Tariffs of Up to 3,521% Following Yearlong Investigation
<img src="https://r2.myc.my/fd7a24e27afef6e0915ae6627b58d78ae9ef4e8287ffe2a759532d0820fa1996" />
The new tariffs, announced by the US Department of Commerce, are the result of a year-long anti-dumping and countervailing duties (AD/CVD) investigation. The probe concluded that manufacturers in the four ASEAN countries unfairly benefitted from Chinese government subsidies and sold solar products in the US at below-market prices. The investigation was originally initiated during the Biden administration and pursued under pressure from a coalition of US solar manufacturers.
The resulting duties are staggering: Cambodia has been hit with the highest rate &mdash; a colossal 3,521% &mdash; after it reportedly ceased cooperation with the US probe. Vietnam and Thailand face tariffs of up to 396% and 375% respectively. Malaysia, though assessed more leniently by comparison, still received a nationwide rate of 34.4%, with certain companies facing significantly higher duties due to a lack of cooperation. Jinko Solar, for example, was assessed at 40% for exports from Malaysia and 245% for Vietnam. Trina Solar faces levies exceeding 375% for Thai exports and over 200% for those from Vietnam, while JA Solar modules from Vietnam could be taxed at around 120%.
US Seeks to Protect Domestic Manufacturers Amid Political Push
&nbsp;<img src="https://r2.myc.my/33fce60b543e0905b4ffe8a1fcce3178186ae6e439fcd15f89aea606ac6f92ab" />
The imposition of these tariffs aligns with US efforts to revitalise its domestic manufacturing base &mdash; a bipartisan goal under both former President Joe Biden and President Donald Trump. Under the Inflation Reduction Act, the Biden administration has pushed for greater domestic production of renewable energy components, including solar panels.
&ldquo;This is a decisive victory for American manufacturing,&rdquo; said Tim Brightbill, co-chair of Wiley&rsquo;s international trade practice and counsel for the coalition of solar companies that brought the case. He accused Chinese-headquartered solar companies of exploiting trade loopholes to undermine US firms and cost American workers their jobs.
American solar manufacturers such as Hanwha Q Cells and First Solar Inc. are likely to be among the beneficiaries of the new policy, which is intended to curb reliance on lower-cost imports and protect US market share.
Malaysia&rsquo;s Solar Sector Under Pressure
&nbsp;<img src="https://r2.myc.my/dcf345cd6cb0575de93d0828366e50c139a0281994c641993d92dd391c370526" />
The impact on Malaysia could be substantial. The country exported RM12.5 billion worth of photovoltaic (PV) products to the US in 2024 &mdash; around 33.4% of its total RM37.4 billion in solar exports. While Malaysia's blanket tariff rate of 34.4% is lower than those imposed on its regional peers, several companies have been subject to rates as high as 81.24%, mainly due to non-compliance with the investigation.
The Malaysia Photovoltaic Industry Association (MPIA) warned that the latest tariffs could be the final blow for Chinese-owned solar manufacturers operating in Malaysia, many of whom were already reeling from previous rounds of US trade restrictions. MPIA president Davis Chong noted that these firms were "almost killed off" by earlier tariffs and are now accelerating their exit from Malaysia, relocating production to other regions such as South Asia or the Middle East.
Several major Chinese players &mdash; including JinkoSolar, JA Solar, Risen Energy, and Longi Green Technology &mdash; have reportedly scaled back or suspended their Malaysian operations. Risen Energy, for example, had committed to a RM42 billion investment plan in Malaysia over 15 years but may now reconsider its future in the country.
Global Solar Oversupply and Market Reactions
&nbsp;<img src="https://r2.myc.my/13ef7cef551c59d832b2c984a1e2388325b641846bc18cfd826bbfd8b8c28f6b" />
The global solar industry is already grappling with oversupply, and the new US tariffs could worsen the imbalance. Malaysian industry leaders have said they do not expect mass "fire sales" of solar panels unless manufacturers are looking to clear inventory ahead of plant closures. However, the market impact is being closely watched.
TA Securities has predicted only a "mild" short-term effect from excess supply, as solar panel prices are already near the bottom. MPIA&rsquo;s Davis Chong believes prices will likely stay below US$0.10 per watt, benefitting local solar installers and developers who continue to source most of their panels from China.
Malaysian installation firms such as Solarvest Holdings Bhd and Samaiden Group Bhd reported minimal earnings impact from the new tariffs, as they do not rely heavily on US exports and benefit from the global surplus in supply.
Risk of Broader Economic Fallout
Beyond the solar sector, concerns are rising over the potential macroeconomic impact on Malaysia&rsquo;s role as a major player in the global renewable energy supply chain. Tan Sri Soh Thian Lai, president of the Federation of Malaysian Manufacturers (FMM), warned that the country&rsquo;s status as a global solar hub could be jeopardised. He cautioned that the new US duties may prompt manufacturers to halt production, delay expansion, or shift operations elsewhere.
Solar exports account for approximately 2.08% of Malaysia&rsquo;s total RM601.2 billion in electrical and electronics exports in 2024. While this may seem modest, the solar industry is strategically important for Malaysia&rsquo;s green economy transition and its investment attraction strategies, particularly through tax holidays and other incentives.
Looking Ahead: More Tariffs to Come?
&nbsp;<img src="https://r2.myc.my/883a74277265963524f290cd89a9d65310e78feddf68d2b12cf6494e1476fb6c" />
The US International Trade Commission (USITC) is expected to deliver a final ruling by 2 June 2025 on whether American solar manufacturers have indeed suffered material harm. If the USITC affirms the findings, the newly proposed tariffs will become permanent.
However, analysts warn that this may not be the end of US trade actions. Countries such as Indonesia, India, and Laos &mdash; which have seen growing solar manufacturing investments in recent years &mdash; could face similar scrutiny and duties in the next wave of trade defence measures. Indonesia, for instance, is projected to host over 20 gigawatts of foreign-owned solar capacity by mid-2025, up from just 1 gigawatt in 2022.
JA Solar, for its part, has already announced it will open a new manufacturing plant in Oman by the end of 2025 as part of a broader strategy to diversify away from tariff-hit countries and reduce reliance on the US market.
Conclusion: A Crossroads for the Solar Industry
The US tariffs mark a pivotal moment for the global solar industry. While they promise to stimulate American manufacturing and address long-standing complaints about unfair trade practices, they also threaten to fragment international supply chains and undermine cost-effective access to renewable technologies. For Malaysia and its ASEAN peers, the challenge lies in adapting to this new trade landscape while safeguarding jobs, investments, and long-term green energy ambitions.
As solar panel prices fall and global oversupply persists, the next few months could be critical in determining whether Southeast Asia can remain a key pillar of the solar energy revolution &mdash; or whether the centre of gravity will shift elsewhere.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Despite a supposed 90-day pause, the US just hit four ASEAN nations with massive new solar tariffs.

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