Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

tech

entrepreneur

crypto

millionaire

website

domain

A Malaysian technopreneur has captured global attention after selling the internet domain AI.com for US$70 million (approximately RM276 million) &mdash; a figure widely regarded as the highest publicly disclosed domain name sale in history.
The buyer is Kris Marszalek, co-founder and chief executive officer of Crypto.com, who confirmed that the domain was acquired in April 2025 and paid for entirely in cryptocurrency. The transaction eclipses previous confirmed record sales, including CarInsurance.com, which sold for US$49.7 million in 2010.
The sale places AI.com among the most valuable pieces of digital real estate ever traded, highlighting the growing strategic importance of premium, category-defining domain names in the age of artificial intelligence.
A Domain Bought in Childhood
<img src="https://r2.myc.my/072d2d45063cc29648a54ade929ac86fb466664d0f69eea9f6a8be563ce14011" />
The seller, Arsyan Ismail, is a Malaysian technology entrepreneur whose connection to AI.com dates back more than three decades. In 1993, at just 10 years old, Arsyan purchased the domain for US$100, using his mother&rsquo;s credit card &mdash; a decision that reportedly earned him a scolding at the time.
According to Arsyan, the purchase was driven by a personal reason: &ldquo;AI&rdquo; are his initials. What began as a childhood curiosity would later become one of the most valuable digital assets in the world, delivering an estimated 700,000-fold return on investment.
A Career Built on Early Tech Adoption
<img src="https://r2.myc.my/ad1920b7b5c8f2454f56161cf63e946a9945a0cfafe7a8620cb0e7434ead0f83" />
Arsyan&rsquo;s early interest in the internet evolved into a long career in technology. By the age of 15, he had already launched his first internet-based project. In 2003, he worked on Kawanster, often described as Malaysia&rsquo;s first social networking platform and a local equivalent to Friendster.
He later became a senior programmer at Nuffnang, Malaysia&rsquo;s pioneering blog advertising network, before joining Friendster itself as a senior web developer. In 2013, Arsyan founded 1337 Tech, a startup focused on application development for businesses.
He was also an early believer in Bitcoin and blockchain technologies, working on cryptocurrency-related projects as early as 2014, well before digital assets gained mainstream attention.
Crypto.com&rsquo;s Strategic Bet on AI
&nbsp;<img src="https://r2.myc.my/6e04d265a3fb9c342d4878662b763664edef4ac361ce4610a53522fbdcbac2dd" />
The acquisition of AI.com is a strategic move by Marszalek, who described ownership of such a primary category domain as essential for long-term brand positioning.
Under its new ownership, AI.com now serves as the foundation for a consumer-focused AI platform offering personal AI agents. These agents are designed to go beyond basic chat functions, with capabilities that include sending messages, managing applications, trading stocks, organising work, and executing tasks across multiple apps.
According to the company, a key differentiator is the platform&rsquo;s ability to allow agents to autonomously develop missing features to complete real-world tasks, with improvements shared across the network to enhance overall performance.
A Super Bowl Launch and AGI Ambitions
<blockquote class="twitter-tweet">
<a href="https://t.co/ac2AqjBNxj">https://t.co/ac2AqjBNxj</a> launching during Super Bowl this Sunday. The countdown begins.. <a href="https://t.co/VWX0e63xG9">https://t.co/VWX0e63xG9</a>
&mdash; Kris | ai.com (@kris) <a href="https://twitter.com/kris/status/2019960287466778984?ref_src=twsrc%5Etfw">February 7, 2026</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

The platform made its high-profile debut during Super Bowl LX on 8 February, following months of quiet development. Marszalek has stated that AI.com is on a mission to accelerate the arrival of artificial general intelligence (AGI) by building a decentralised network of self-improving AI agents.
Following the acquisition, Marszalek will continue to serve as CEO of both Crypto.com and AI.com, signalling a convergence of fintech, blockchain, and artificial intelligence under a single leadership vision.
More Than Just a Web Address
Beyond its record-breaking price, the sale of AI.com underscores a broader shift in how domain names are valued. Ultra-short, recognisable domains are increasingly viewed as strategic digital assets, comparable to prime real estate in the physical world.
For Malaysia, the transaction highlights the growing presence of local entrepreneurs in high-value global technology deals &mdash; not merely as consumers of innovation, but as owners of assets that shape future digital narratives.
Reflecting on the deal, Arsyan offered one piece of advice to others navigating negotiations at this level: never over-negotiate with a billionaire. While details of the transaction remain protected by a non-disclosure agreement, the outcome speaks for itself &mdash; a childhood purchase that evolved into one of the most significant digital asset sales the internet has ever seen.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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From being scolded for spending US$100 on his mum’s credit card to a multi-million-dollar investment.

89e27cede31f84eda3cf1056ef34c53c55ce425174879982fc8259d915ebadea

From A US$100 Purchase To A US$70 Million Payday: How Malaysian Entrepreneur Arsyan Ismail Sold AI.com For A Record Sum

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Meta has removed one of the key features of its newly launched Muse Image AI tool just days after its debut, following widespread criticism over privacy, consent and the use of public Instagram content.
The company confirmed that the feature, which allowed users to generate AI images by referencing public Instagram accounts, is no longer available after admitting it "missed the mark". The decision follows backlash from users, creators and industry groups who argued that the feature relied on an opt-out system rather than obtaining explicit permission.
The swift reversal marks one of Meta's fastest product rollbacks in recent years and highlights the growing debate over how artificial intelligence should use publicly available online content.
What Is Muse Image AI?
<img src="https://r2.myc.my/4d25a0cec7b913239c04b31fc2b556002d84a7d9d10d6b73d9cee310b864285f" />
Muse Image is Meta's first image-generation model developed by Meta Superintelligence Labs. It allows users to create and edit images using text prompts, uploaded photos and sketches through Meta AI.
The technology also powers more than 30 AI effects for Instagram Stories and is integrated into Meta AI on WhatsApp, with plans to expand to other Meta platforms.
Every image generated by Muse Image includes Meta's Content Seal watermark, which is designed to remain attached even after editing or cropping.
The feature that sparked controversy allowed users to generate AI images by simply mentioning public Instagram accounts in their prompts. The AI would then use publicly available images from those accounts as visual references when creating new content.
Why Did It Face Backlash?
&nbsp;<img src="https://r2.myc.my/b2682ad94e06ba2d67eb8a044283a61000cbeef555f34c3bd572fa5374954eec" />
The criticism centred on the fact that public Instagram accounts belonging to users aged 18 and above were automatically included in the feature by default.
Rather than asking users to opt in, Meta required those who did not want their public photos referenced by AI to manually disable the setting or make their accounts private.
Many users argued that publicly sharing photos does not automatically mean they should be available for AI-generated content. Others were concerned that Instagram users would not be notified if their images had been used as references for someone else's AI creations.
The feature also reignited broader discussions surrounding consent, digital likenesses and the ethical use of publicly available content by AI systems.
Entertainment Industry Raises Concerns
&nbsp;<img src="https://r2.myc.my/c0d297576752950aadd859e6b4691268577744e2a7467352fad980b9b5e8dfeb" />
The backlash quickly spread throughout the entertainment industry.
Emmy-winning actress Hannah Einbinder, known for Hacks, criticised the feature after discovering it had been enabled automatically on her account and encouraged others to switch it off.
The criticism was echoed by SAG-AFTRA, the union representing actors and media professionals, which urged Instagram users to opt out and argued that anything other than a clear opt-in system was unacceptable.
The union warned that AI-generated digital replicas remain a growing concern and said users should have complete control over how their likenesses are used.
Meanwhile, talent agency Creative Artists Agency (CAA) said names, images, voices and creative work should never be used by AI systems without clear, documented consent. The agency also called for stronger safeguards that would allow creators to monitor and restrict how their content is used.
After Meta removed the feature, both SAG-AFTRA and CAA welcomed the decision, describing it as the responsible course of action.
Meta Reverses Course
&nbsp;<img src="https://r2.myc.my/213810264761e54e1efc1f8e62afa74daa51b71dd369617f0e7b6dcf3a65b654" />
Muse Image was introduced alongside Muse Video as part of Meta's latest AI rollout. However, the controversial Instagram referencing function lasted only three days before being withdrawn.
In a statement, Meta said its goal had been to provide a useful creative tool while allowing users to control whether their public content could be referenced.
"Our intent was to provide a useful creative tool and to give people control over whether their public content could be referenced in this way," the company said.
"We've heard the feedback that this feature missed the mark, so it's no longer available."
Before removing the feature, Meta maintained that Muse Image had been launched with safety controls, including automatically excluding private accounts and users under 18. However, those safeguards failed to ease concerns over the default opt-out approach.
Privacy Debate Far From Over
The controversy surrounding Muse Image reflects the wider challenges facing AI companies as generative AI becomes increasingly sophisticated.
While AI tools continue to unlock new creative possibilities, they have also raised concerns over consent, copyright, digital identity and the use of people's images without permission.
Although Muse Image's broader image-generation capabilities remain available, Meta's decision to remove its Instagram referencing feature suggests that users expect stronger privacy protections and greater transparency over how their publicly shared content is used.
The incident also serves as another reminder that as AI technology evolves, balancing innovation with user trust and consent will remain one of the industry's biggest challenges.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Users and creators pushed back, and Meta took action. The Muse AI image feature is officially gone — at least for now.

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Meta Removes Controversial Muse AI Image Feature Just Days After Launch Following Privacy Backlash

Former Youth and Sports Minister and Muar MP Syed Saddiq Syed Abdul Rahman has been fully acquitted after the Federal Court dismissed the prosecution's final appeal against his earlier acquittal on four criminal charges.
The ruling brings an end to a legal battle that spanned six years, with the apex court deciding in a 2-1 majority that there was no basis to overturn the Court of Appeal's decision, which had cleared Syed Saddiq in 2025.
The decision means the 33-year-old remains free from all charges of criminal breach of trust (CBT), dishonest misappropriation of property and money laundering linked to funds belonging to Bersatu Youth (ARMADA).
Earlier in the day, Syed Saddiq arrived at the Palace of Justice accompanied by his family, fianc&eacute;e Bella Astillah, Federal Territories Minister Hannah Yeoh and former Education Minister Datuk Dr Maszlee Malik.
Federal Court Delivers Split 2-1 Decision
<img src="https://r2.myc.my/c44572b84ca4d28ec9dd5d1a660fc4b43f260d8a9b1dee784699aa5b0b962e30" />
The three-member Federal Court bench consisted of Court of Appeal President Datuk Seri Abu Bakar Jais, alongside Federal Court judges Datuk Che Mohd Ruzima Ghazali and Datuk Collin Lawrence Sequerah.
Judges Che Mohd Ruzima and Sequerah formed the majority in dismissing the prosecution's appeal and upholding the Court of Appeal's earlier acquittal, while Abu Bakar delivered a dissenting judgment on three of the four charges.
All three judges unanimously agreed that the prosecution failed to prove the charge of abetting criminal breach of trust involving RM1 million from Bersatu Youth funds.
The majority also ruled that the prosecution had failed to establish the necessary legal elements to prove Syed Saddiq had dishonestly misappropriated RM120,000 from Armada Bumi Bersatu Enterprise (ABBE), a company established to generate income for Bersatu Youth through merchandise sales.
As a result, the two money laundering charges, which were based on the alleged misappropriation offence, also could not be sustained.
Judge Sequerah agreed with the Court of Appeal's earlier finding that there was insufficient evidence to show the RM120,000 belonged to ABBE or another party, while Judge Ruzima concurred with the same conclusion.
<blockquote class="twitter-tweet">
Muar MP Syed Saddiq Rahman performed a sujud syukur (prostration of gratitude) after being acquitted of corruption charges in the lobby of the Putrajaya court. This gesture is an Islamic expression of deep thankfulness to God, often done after relief from hardship. Vid:Public <a href="https://t.co/WRTU9Pf8dM">pic.twitter.com/WRTU9Pf8dM</a>
&mdash; Kuala Lumpur Reporter 🇲🇾 (@KL_Reporter) <a href="https://x.com/KL_Reporter/status/2076517061585686916?ref_src=twsrc%5Etfw">July 13, 2026</a></blockquote>

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One Judge Dissented On Three Charges
<img src="https://r2.myc.my/3c4df5b99ce3003ec512ae37443701b16efa6320fd901f991a8751399e430ce9" />
Although the appeal was dismissed, Court of Appeal President Abu Bakar Jais disagreed with the majority on the RM120,000 misappropriation charge and the two related money laundering charges.
He held that the fundraising proceeds belonged to the donors rather than Syed Saddiq personally, finding that the prosecution had proven the element of dishonest misappropriation because contributors were never informed that the money would be transferred into his personal account.
Abu Bakar said there was no need for the funds to pass through another account before eventually being deposited into Syed Saddiq's personal bank account.
Under his dissenting judgment, Syed Saddiq would have been sentenced to six months' imprisonment, one stroke of the rotan and financial penalties on the money laundering charges.
However, as it formed part of the minority opinion, the judgment carries no legal effect.
Case Dates Back To 2021 Charges
<img src="https://r2.myc.my/52f4d4fd66ec46df2da6617e37f5a2103850daa9713f840420c7e9e82d716348" />
Syed Saddiq was first charged in 2021 over several offences linked to funds belonging to Bersatu Youth.
The first charge accused him of abetting former ARMADA assistant treasurer Rafiq Hakim Razali in committing criminal breach of trust involving RM1 million withdrawn from Bersatu Youth's account in March 2020.
He also faced a charge of dishonestly misappropriating RM120,000 from ABBE by causing the money to be transferred into his personal bank account.
In addition, he was charged with two counts of money laundering involving RM50,000 each after transferring the funds into his Amanah Saham Bumiputera (ASB) account.
In November 2023, the Kuala Lumpur High Court found him guilty on all charges and sentenced him to seven years' imprisonment, two strokes of the rotan and a RM10 million fine.
However, the Court of Appeal overturned both the convictions and sentence in June 2025, ruling that the convictions were unsafe after finding that the prosecution had failed to prove the essential ingredients of the offences.
The prosecution subsequently brought the matter to the Federal Court in a final appeal, which has now been dismissed.
Defence Welcomes Verdict As Justice Prevails
<img src="https://r2.myc.my/77c57578b73d6fa237a6f6b2fce51010c220abb3da1ab1583096ad7704e7531a" />
Following the ruling, lead defence counsel Datuk Hisyam Teh Poh Teik described the decision as confirmation that justice had ultimately prevailed after years of legal proceedings.
He said the Federal Court carefully examined the evidence before concluding there was insufficient basis to uphold the convictions.
Hisyam also thanked the wider legal team, including Datuk Ambiga Sreenevasan, Gobind Singh Deo and Datuk Yusuf Zainal Abiden, for their contributions throughout the High Court, Court of Appeal and Federal Court proceedings.
Ambiga described the ruling as deeply relieving after six years of litigation, saying the defence team believed justice had finally been served.
Syed Saddiq Thanks Family And Looks Ahead
<blockquote class="twitter-tweet">
Alhamdulillah. Hari ini, mahkamah tertinggi negara telah membuat keputusan. Pembebasan saya kekal. Tetapi hari ini bukan sekadar tentang kebebasan saya. Ini tentang satu prinsip bahawa kebenaran mesti dipertahankan, walaupun harga yang perlu dibayar sangat mahal. Lebih enam&hellip; <a href="https://t.co/j0vK8pP1kD">pic.twitter.com/j0vK8pP1kD</a>
&mdash; Syed Saddiq (@SyedSaddiq) <a href="https://x.com/SyedSaddiq/status/2076552305902760200?ref_src=twsrc%5Etfw">July 13, 2026</a></blockquote>

<script async="" src="https://platform.x.com/widgets.js" charset="utf-8"></script>

Speaking to reporters after the verdict, an emotional Syed Saddiq thanked his legal team, supporters, family members and the judges who heard his case throughout the years.
He said the lengthy legal process had strengthened rather than weakened his confidence in Malaysia's judiciary.
"I bear no grudges whatsoever," he said, adding that justice should always be decided through the courts regardless of political differences.
Reflecting on the difficult journey, he urged Malaysians never to compromise their integrity or principles, even during the toughest moments.
He also thanked his fianc&eacute;e, actress and singer Bella Astillah, acknowledging that it had not been easy standing by him after he was initially convicted by the High Court.
Syed Saddiq hinted that the couple may soon move forward with their wedding plans but said he preferred not to discuss personal matters at the courthouse out of respect for the judicial process.
On his political future, he said he intends to spend time with his family before making any announcements, but stressed that his commitment to serving the country remains unchanged.
"The fire to help rebuild Malaysia will never, ever be extinguished," he said.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Justice served. The Federal Court has upheld Syed Saddiq's acquittal, bringing his six-year legal battle to an end.

736e4b77f83b2f1cd1215034205694d202cd0e151e3306e9cc4defd2336ac52a

Syed Saddiq Cleared As Federal Court Upholds Acquittal In Final Appeal

Malaysian fans can look forward to welcoming Henry Lau back to Kuala Lumpur this October as the multi-talented singer, songwriter and entertainer brings his 2026 "ENJOY THE SHOW" World Tour to Malaysia.
The concert marks Henry's return to the country following his appearance at The Exchange TRX's 2025 New Year's Eve Countdown celebration. Known for his energetic performances and exceptional live musicianship, fans can expect an evening filled with hit songs, impressive instrumental performances and immersive stage production.
The Kuala Lumpur stop is part of Henry's wider Asia tour, which also includes Bangkok, Tokyo, Jakarta and Seoul.
Who Is Henry Lau?
<img src="https://r2.myc.my/bc8bf8a29e9ecaade0351121f5ee349c86aee8dba383e8c5162f2b3c73aec8e0" />
Henry Lau is a Chinese-Canadian singer, songwriter, producer, actor and television personality who first rose to prominence as a member of Super Junior-M, the Mandarin-language sub-unit of K-pop group Super Junior.
Although he debuted as part of one of K-pop's biggest acts, Henry soon established himself as a successful solo artist, earning praise for his versatility and outstanding musical abilities. Unlike many performers, he is known for playing multiple instruments, including the violin, piano, guitar and drums, often incorporating them into his live performances.
<iframe src="https://www.youtube.com/embed/IsXB5eRMRno" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
His breakthrough as a solo artist came with the release of Trap in 2013, featuring Super Junior's Kyuhyun and SHINee's Taemin. The song showcased a blend of pop, R&amp;B and orchestral elements while highlighting Henry's vocal talent and musicianship, helping him carve out his own identity beyond Super Junior-M.
Since then, he has released popular tracks such as It's You, Monster, Girlfriend, Moonlight, Thinking of You, and Radio, building a loyal international fanbase.
Beyond music, Henry has become a familiar face on Korean television through hit variety programmes including I Live Alone, Begin Again and Real Men, where his humour, personality and musical talent have earned him even wider recognition across Asia.
Throughout his career, Henry has received numerous accolades, including awards for music, variety entertainment and television appearances, cementing his reputation as one of the entertainment industry's most versatile performers.
Kuala Lumpur Concert Details
<img src="https://r2.myc.my/5ee7842ba5651d3bb8a7b8bc209ac3659fb04cfa553fc9d345ba7e2e7fcaf70e" />
Henry will perform at Idea Live Arena on Saturday, 3 October 2026, with the show scheduled to begin at 7.30pm.
Organised by iMe Malaysia, the concert promises an immersive production featuring live instrumentation, storytelling and Henry's signature stage presence.
Fans can expect a setlist featuring many of his biggest solo hits alongside performances from his latest musical era.
Henry Lau "ENJOY THE SHOW" World Tour &ndash; Kuala Lumpur
<ul>
<li>Date: 3 October 2026 (Saturday)</li>
<li>Time: 7.30pm</li>
<li>Venue: Idea Live Arena, Kuala Lumpur</li>
<li>Organiser: iMe Malaysia</li>
</ul>
Ticket Prices &amp; Sales
Tickets will be available through <a href="https://www.fantopia.io/">Fantopia</a>, <a href="https://my.bookmyshow.com/en">BookMyShow</a>, <a href="https://www.maiseat.com/en-US">MAISEAT</a>, and <a href="https://my.trip.com/?locale=en-my">Trip.com</a>.
Ticket categories are priced as follows:
<ul>
<li>PS1: RM698</li>
<li>PS2: RM598</li>
<li>PS3: RM498</li>
<li>PS4: RM398</li>
</ul>
Fans looking for a more exclusive experience can also purchase VIP packages:
<ul>
<li>Enjoy VIP: RM1,298</li>
<li>The VIP: RM998</li>
<li>Show VIP: RM798</li>
</ul>
The exclusive pre-sale will take place on 16 July 2026 from 12.00pm to 3.00pm, while general ticket sales begin on 17 July 2026 at 12.00pm.
Stream Henry Lau's Latest Single 'Enjoy The Show'
&nbsp;<iframe src="https://www.youtube.com/embed/nbBSwZRXmEU" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
Ahead of the concert, fans can stream Henry's latest single, Enjoy The Show, on Spotify and other major streaming platforms.
The track serves as the title song for his latest world tour and reflects the uplifting, feel-good energy Henry hopes to share with audiences around the world. Blending catchy pop melodies with warm instrumentals and his signature heartfelt vocals, the song encourages listeners to embrace every moment, celebrate life's experiences and simply "enjoy the show".
With the new single expected to feature prominently during the Kuala Lumpur concert, fans have plenty of time to learn the lyrics before singing along with Henry live this October.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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From soulful vocals to live violin solos, Henry Lau is ready to light up the stage once again.

2d1e62af8c4f53bee875a256d6336d331d9b91c6428095e94847d85fc5a39635

Henry Lau To Bring ‘ENJOY THE SHOW’ World Tour To Kuala Lumpur This October

Parti BERSAMA Malaysia suffered a crushing defeat in its first-ever election after all 15 of its candidates lost their deposits in the Johor state election, marking a difficult debut for the political party founded by former PKR deputy president Datuk Seri Rafizi Ramli just 52 days before polling day.
The disappointing result came as Barisan Nasional (BN) strengthened its dominance in Johor, securing a landslide victory by winning 48 of the state's 56 seats and expanding its majority from the 40 seats it won in the 2022 election.
Despite the setback, Rafizi described the election as the beginning of BERSAMA's political journey rather than its conclusion, pledging that the party would study its weaknesses and continue building support ahead of future elections.
All BERSAMA Candidates Lose Deposits
<img src="https://r2.myc.my/d49abdfeb58191ff549c07a4976f70dbf9d5ec68ddb5376313faf6020649ef60" />
In a statement following the election, Rafizi confirmed that every BERSAMA candidate failed to secure the minimum 12.5% of votes required under Malaysian electoral laws to retain their election deposits.
For Johor state assembly (DUN) elections, each candidate is required to place a RM5,000 deposit, which is forfeited if they fail to obtain at least one-eighth of the total valid votes cast.
Based on preliminary figures collected from Form 14 polling documents and unofficial results, BERSAMA candidates received an average vote share of between 3% and 6% across the 15 constituencies the party contested.
The outcome also fell well short of the party's internal target of obtaining at least 15% of the vote in every seat.
"This means all BERSAMA candidates lost their deposits because they did not obtain the minimum 12.5% of votes," Rafizi said.
He added that the party would carry out a detailed review of the results to improve its strategy and better connect with voters in future elections.
Rafizi: BERSAMA's Journey Has Only Just Begun
&nbsp;<img src="https://r2.myc.my/4f673af8f1a6311182079b3523babb2e9f4075046d385c66a14933a27516d7e8" />
While acknowledging the disappointing outcome, Rafizi maintained that the campaign had provided valuable experience for a party that had only existed for 52 days.
He thanked Johor voters who placed their trust in BERSAMA despite its infancy, while also expressing appreciation to the party's candidates, members, volunteers and supporters who helped throughout the campaign.
A modest appreciation event for the party's election machinery will be held at BERSAMA's new headquarters once it is ready for use in the coming weeks.
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In a separate message to supporters, Rafizi urged them not to lose hope, describing the Johor election as merely the first chapter in a much longer political journey.
He said building a political movement capable of returning power to ordinary Malaysians could never be achieved within just a few weeks.
"The results are not the end, but the beginning. We knew this journey would not be easy," he said.
Rafizi added that every vote, conversation, criticism and word of encouragement received during the campaign would serve as motivation for the party to improve.
He also reiterated that BERSAMA was founded with the aim of introducing a new political culture centred on honesty, public service and empowering Malaysians, rather than simply competing for political power.
"The seed has been planted. Now it is time for us to nurture it together. BERSAMA's journey has only just begun," he said.
Urban Seats Failed To Deliver Reform Vote
&nbsp;<img src="https://r2.myc.my/0df55674df9df8e9797c8d8fec86de3617459dd299e85ee10928bf43449109dc" />
BERSAMA had focused much of its campaign on urban constituencies, hoping to attract younger and reform-minded voters.
However, the strategy failed to translate into votes.
The party contested several seats in and around Johor Bahru, including Permas, Tiram, Kota Iskandar, Skudai, Larkin, Perling and Stulang, but none produced the breakthrough the party had hoped for.
Most candidates recorded between 2% and 5% of the total vote, while Bukit Naning proved to be the party's weakest performance with just 138 votes, equivalent to only 0.8% of ballots cast.
Although some analysts noted that BERSAMA consistently secured around 3% to 4% of the vote in several urban constituencies, the figures remained far below the threshold needed to pose a serious electoral challenge.
Political observers have also suggested that the party's visibility on social media did not translate into meaningful support at polling stations, highlighting the gap between online engagement and actual voter turnout.
BN Dominates Johor As Opposition Suffers Heavy Losses
<img src="https://r2.myc.my/99d8fad2a235ee6776230f0ff4455632c7f5ba4815ef56fdd7f2c7c7bba585d0" />
BERSAMA was not the only party to endure a disappointing night.
BN comfortably retained control of Johor after winning 48 seats, surpassing the 38-seat threshold required for a two-thirds majority in the state assembly.
UMNO won 36 of the 37 seats it contested, while MCA doubled its representation by winning eight seats, including several constituencies previously held by DAP. MIC also secured victory in all four seats it contested.
Pakatan Harapan (PH) finished with eight seats overall, comprising six won by DAP, one by Amanah, and one by PKR.
PKR's only successful candidate was former education minister Dr Maszlee Malik, who retained Puteri Wangsa with 41,821 votes in a five-cornered contest, defeating BN's MCA candidate by a majority of 5,744 votes.
Perikatan Nasional (PN) failed to retain any of the three seats it previously held, while MUDA was also wiped out after losing every seat it contested, with many of its candidates forfeiting their deposits.
Overall voter turnout stood at 69.57%, a notable increase from 54.9% recorded during the 2022 Johor state election.
According to early assessments shared by Rafizi, there was a significant swing in support towards BN across different age groups and ethnic communities, affecting candidates from PH, PN, MUDA and BERSAMA alike.
With Negeri Sembilan and Melaka expected to head to the polls next, BERSAMA has indicated it will use the lessons learned from Johor to reassess its campaign strategy as it prepares for future state elections.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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BN tightens its grip on Johor as BERSAMA's first electoral test ends in a complete wipeout.

5e082269c23a2020608ae70cb5d3e8b9a2bc015ad058be356f6abe4c14e77d7c

BERSAMA Wiped Out In Johor Polls As All 15 Candidates Lose Deposits, BN Tightens Grip On State

The government has made a significant U-turn on its recently introduced Lindung 24 Jam scheme, announcing that contributions to the Social Security Organisation's (SOCSO) Non-Workplace Accident Scheme will no longer be mandatory for Malaysian employees.
The decision comes just over a month after the scheme was introduced on 1 June following amendments to the Employees' Social Security Act 1969 (Act 4), which expanded social security protection to cover accidents that occur outside normal working hours. Initially, all local employees were required to contribute towards the scheme through deductions from their salaries.
However, following widespread public feedback, the Cabinet has now decided that participation will instead be voluntary with immediate effect, allowing Malaysian workers to decide whether the additional coverage suits their personal needs.
Cabinet Reverses Mandatory Contributions
<img src="https://r2.myc.my/443eef064581444592b25c6b6bff0fd9fdef5515c2ff2d0898ddc70805509ec1" />
Government spokesperson and Communications Minister Datuk Fahmi Fadzil announced the decision after the weekly Cabinet meeting on 8 July, saying Prime Minister Datuk Seri Anwar Ibrahim had raised concerns over public feedback surrounding the implementation of the scheme.
"The Cabinet has decided that contributions will no longer be mandatory, but voluntary, with immediate effect," Fahmi said, adding that the Ministry of Human Resources (KESUMA) will provide further details on how the new voluntary mechanism will operate.
The announcement marks a swift policy reversal, considering the scheme only came into force a month earlier and was promoted as an expansion of Malaysia's social protection framework.
Why Was The Scheme Introduced?
<img src="https://r2.myc.my/64e913a3499f3c5d3c6704dd3ac0fe225f8fd4326aff5adc5fdb9a44aa80ef7a" />
Lindung 24 Jam was introduced by PERKESO to provide broader protection for employees who suffer accidents outside their workplace and beyond official working hours.
Unlike the existing Employment Injury Scheme, which primarily covers work-related accidents, Lindung 24 Jam extends coverage to incidents that happen during everyday life. This includes accidents at home, while travelling for personal reasons, during recreational activities, on weekends, public holidays, or while carrying out other non-work-related activities.
According to PERKESO, the aim is to provide workers and their families with a more comprehensive social safety net by recognising that serious accidents can happen at any time, not just while someone is at work.
Benefits under the scheme include financial assistance, medical treatment support and other forms of social security protection for eligible contributors who suffer non-work-related accidents.
Public Criticism Prompted The Policy Change
<img src="https://r2.myc.my/78672613b72675d40c6a091eccda4e23b5294150da9e805c7024d623be8c6836" />
While the objective of the scheme was generally welcomed, its financing model quickly became a point of contention.
Under the original implementation, the entire contribution would have been paid by employees instead of employers, resulting in additional monthly salary deductions.
The contribution structure was introduced in phases:
<ul>
<li>0.75% of monthly wages during the first two years</li>
<li>1.0% over the following three years</li>
<li>1.25% from the sixth year onwards</li>
</ul>
The contributions were subject to a wage ceiling of RM6,000.
For example, an employee earning RM3,000 a month would have contributed around RM22.50 monthly during the first phase, while someone earning RM5,000 would contribute approximately RM37.50.
Although the monthly amounts were relatively modest, many Malaysians questioned why the scheme should be compulsory, especially when numerous workers already pay for personal accident insurance or medical insurance through private providers.
The announcement triggered widespread discussion across social media, with some arguing that workers should be allowed to choose whether they wanted the additional protection instead of having another mandatory deduction from their salaries.
Following the public response, the Prime Minister reviewed the feedback before the matter was brought before the Cabinet, which ultimately decided to make participation voluntary.
Foreign Workers Will Still Be Covered
&nbsp;<img src="https://r2.myc.my/2042ca6c2573a857abacae9fda8ef4fd12ba3e9ab71643a94dd4facbec40c14e" />
While Malaysian employees can now decide whether to join the scheme, the government confirmed that the policy remains unchanged for foreign workers.
Human Resources Minister Datuk Seri R. Ramanan said contributions under Lindung 24 Jam will continue to be mandatory for foreign workers in accordance with existing legal provisions.
He explained that the Cabinet's latest decision only affects local employees, giving Malaysians the flexibility to determine whether the additional protection matches their own financial circumstances and insurance needs.
PERKESO is expected to announce the implementation mechanism, including how Malaysian workers can voluntarily register for the scheme, in the near future.
PERKESO Says The Scheme Is Already Benefiting Workers
<img src="https://r2.myc.my/98ae7b9835d9cf30ffaa910c5da3ba6e2d0c8dfb213a313b19d349fbe3c6b32a" />
Despite the public debate surrounding mandatory contributions, PERKESO maintains that Lindung 24 Jam has already demonstrated its value during its first month of implementation.
According to the agency, more than RM1.2 million in benefits has already been paid out after 592 claims were approved.
The organisation also reported recording an average of nearly 20 non-workplace accident cases each day, highlighting the frequency of accidents occurring outside working hours.
Of the total amount paid, around RM1.16 million went towards implant costs, while approximately RM99,000 was disbursed as temporary disablement benefits.
PERKESO has consistently maintained that extending social security beyond the workplace helps protect workers and their families from unexpected financial burdens arising from accidents that occur during everyday life.
Government To Review The Scheme's Future
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/054992d8c724b074744a0d365ba25884af7e495163c428b34337670d64c3ec57" />
Although the contribution requirement has now become voluntary for Malaysian workers, the government says Lindung 24 Jam remains an important component of Malaysia's social protection system.
Ramanan said the Human Resources Ministry will conduct a comprehensive review of the scheme towards the end of the year, covering its policy direction, implementation effectiveness and long-term financial sustainability.
If necessary, the findings will be tabled in Parliament together with proposed amendments to the Employees' Social Security Act 1969 to ensure the scheme remains practical, sustainable and beneficial to workers.
In the meantime, PERKESO will continue strengthening public awareness efforts by educating workers on the benefits offered under Lindung 24 Jam, allowing Malaysians to make informed decisions on whether they wish to participate now that enrolment is no longer compulsory.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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After widespread public feedback, the government has reversed its decision, making SOCSO's Lindung 24 Jam contributions voluntary instead of mandatory.

9a9394c79362c21a4aafa45a5595c4a14aedadeb84fb820814f125fe4ef8891e

Government Makes U-Turn On Mandatory SOCSO Lindung 24 Jam Contributions, Scheme Now Voluntary For Malaysians

Travelling around Thailand is about to become much more convenient for millions of visitors, as the country expands its Cross-Border QR Payment system under the "Pay Like a Local" initiative.
The new digital payment system allows eligible international tourists to pay directly at participating businesses using the mobile banking apps or e-wallets they already use back home, removing the need to carry cash or exchange currency during their trip.
Led by the Tourism Authority of Thailand (TAT) in partnership with the Bank of Thailand (BoT), the initiative is part of the country's broader push to modernise its tourism industry and strengthen its position as one of Southeast Asia's leading digital travel destinations.
Pay With Your Home Banking App
&nbsp;<img src="https://r2.myc.my/ac4c0586f881f535ed4ec18014df2cb6a23a98a01630804a736e0a92fc096046" />
Under the expanded system, visitors from Malaysia, Singapore, China, Indonesia, Vietnam, South Korea, Laos, Cambodia and Hong Kong can simply scan a Thai merchant's QR code using their compatible banking app or digital wallet to complete their purchase instantly.
The service is available across a growing number of participating businesses, including restaurants, hotels, retail outlets, tourist attractions and other tourism-related establishments nationwide.
By allowing travellers to use familiar payment methods from their home countries, the initiative aims to eliminate language and currency barriers while reducing reliance on physical cash and money changers.
How It Works
Using the system is designed to be straightforward:
<ol>
<li>A participating merchant displays its QR payment code.</li>
<li>Visitors scan the code using their home country's supported banking app or e-wallet.</li>
<li>Payment is processed securely in real time through integrated cross-border payment networks.</li>
</ol>
The seamless process allows tourists to pay in just a few taps without needing local cash or additional payment apps.
Backed by Major Banks and Global Payment Networks
&nbsp;<img src="https://r2.myc.my/d4bceb07c452fa0c2d5bdca5ad6a2fd4adaa51cfc33eed1c2f8b8ee06b8529d6" />
The rollout is supported by eight major Thai financial institutions:
<ul>
<li>Bangkok Bank</li>
<li>Krung Thai Bank</li>
<li>CIMB Thai Bank</li>
<li>Bank of Ayudhya (Krungsri)</li>
<li>Kasikorn Bank</li>
<li>Siam Commercial Bank</li>
<li>ICBC (Thai)</li>
<li>Bank for Agriculture and Agricultural Cooperatives</li>
</ul>
The system also integrates with several international payment platforms and infrastructure providers, including:
<ul>
<li>Alipay</li>
<li>WeChat Pay</li>
<li>UnionPay</li>
<li>National ITMX</li>
</ul>
Together, these partnerships enable secure, real-time interoperability between overseas banking systems and Thai merchants.
Supporting Thailand's Digital Tourism Push
<img src="https://r2.myc.my/ef81ed5565119e01b7218a50bff1884e08753e15fb4d83e38eae6e9afa7f4dd2" />
According to the Tourism Authority of Thailand, the initiative reflects changing travel habits, particularly among visitors from East Asia and neighbouring countries where QR-based mobile payments have become part of everyday life.
The agency believes making payments easier will encourage spending, improve travellers' overall experience and help local businesses adapt to increasing demand for cashless transactions.
To support adoption, TAT has also launched merchant activation programmes and roadshows across the country, helping tourism operators register for QR payment services and prepare their businesses to accept cross-border digital payments.
The nationwide rollout follows a successful pilot programme in Udon Thani earlier this year, which introduced the technology to local tourism businesses ahead of an anticipated increase in Chinese visitors.
A Growing Digital Economy
Thailand welcomed approximately 14 million international visitors during the first five months of 2026, generating an estimated THB 679.27 billion (around US$20.8 billion) in tourism revenue.
Authorities hope the expanded payment system will further enhance convenience for visitors while reinforcing Thailand's reputation as a modern, technology-driven tourism destination.
As digital wallets continue replacing cash across Asia, the "Pay Like a Local" initiative marks another significant step towards creating a smoother, safer and more seamless travel experience for international tourists visiting the Kingdom.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Thailand just made travelling easier. Scan, pay, and skip the cash exchange queues.

953d5eff80f9c3bfd46b98c408411b97ccb7a2a45af68bf13705f9611a7c266e

Thailand Rolls Out Cross-Border QR Payments, Letting Tourists ‘Pay Like A Local’

More Malaysians are reaching their Employees Provident Fund (EPF) retirement savings targets, but the majority of active contributors still remain below the recommended benchmark.
Deputy Finance Minister Liew Chin Tong told the Dewan Rakyat that as of 31 May 2026, 3.04 million active EPF members aged between 18 and 60 had achieved their age-based Basic Savings target.
The figure represents 38.3% of 7.94 million active formal-sector EPF members, marking an improvement compared with the previous year, when only 2.71 million members (35%) had reached the same benchmark.
However, the latest figures also mean that around 4.9 million active contributors, or 61.7%, have yet to achieve the Basic Savings target set by EPF.
The Basic Savings benchmark refers to the amount EPF estimates members should have accumulated by the age of 60 to support a basic retirement lifestyle.
What Is EPF&rsquo;s Basic Savings Target?
&nbsp;<img src="https://r2.myc.my/6d14a8268c8940b43e8dea6ed8e4b498a5756993e6e65441193855ba360298f6" />
Under EPF&rsquo;s Retirement Income Adequacy framework, members are encouraged to build savings according to three different levels:
<ul>
<li>Basic Savings: RM390,000</li>
<li>Adequate Savings: RM650,000</li>
<li>Enhanced Savings: RM1.3 million</li>
</ul>
The Basic Savings target of RM390,000 by age 60 is estimated to provide retirement income for approximately 20 years, from age 60 to 80, equivalent to around RM1,625 per month.
While achieving the Basic Savings level represents a minimum retirement benchmark, EPF has highlighted that higher savings tiers would provide greater financial security and flexibility during retirement.
Government Expands Initiatives To Boost Retirement Savings
&nbsp;<img src="https://r2.myc.my/c0f7b0f6fe9a2e3284ac6fa480acb2680e214c29b33201e3af77caec0feaea04" />
Liew said the improvement in savings adequacy was partly driven by several initiatives introduced by the government and EPF to encourage more Malaysians to increase their retirement funds.
Among the initiatives is i-Saraan Plus, a voluntary contribution scheme introduced for gig workers, e-hailing drivers, delivery riders and self-employed Malaysians. The programme provides matching incentives of up to RM600 annually, subject to eligibility requirements and a lifetime maximum limit.
Other initiatives include:
<ul>
<li>i-Saraan &ndash; Allows self-employed and informal sector workers to voluntarily contribute towards EPF savings.</li>
<li>i-Simpan &ndash; Enables members to make voluntary contributions of up to RM100,000 annually.</li>
<li>i-Topup &ndash; Allows employees and employers to contribute above the mandatory EPF contribution rate.</li>
<li>i-Suri and i-Sayang &ndash; Support retirement savings among women and homemakers.</li>
<li>i-Legasi &ndash; Allows eligible EPF members aged 55 and above with more than RM650,000 in savings to transfer part of their surplus savings to immediate family members.</li>
</ul>
Since its introduction in February 2026, 63 i-Legasi applications involving RM46.3 million have been approved, benefiting 86 recipients.
The government said these measures are part of broader efforts to improve retirement preparedness, especially as Malaysia moves towards becoming an ageing nation.
EPF Account Restructuring To Balance Savings And Financial Needs
&nbsp;<img src="https://r2.myc.my/10f959480cd140f9836937cc422c618770d7e56819a7c6a0b7a0ca70db94520f" />
Liew also highlighted the restructuring of EPF accounts from two to three accounts as another step towards improving retirement security while allowing members access to funds when necessary.
Under the current structure:
<ul>
<li>75% of contributions go into the Retirement Account for long-term savings.</li>
<li>15% goes into the Sejahtera Account for approved withdrawals such as housing, healthcare and education.</li>
<li>10% goes into the Flexible Account for short-term financial needs and emergencies.</li>
</ul>
The government said the new structure was introduced based on lessons learnt during the Covid-19 pandemic, allowing members to access emergency funds without significantly affecting their long-term retirement savings.
Concerns Remain Over Malaysians&rsquo; Ability To Save
&nbsp;<img src="https://r2.myc.my/e28c071917484d1f17843a6acfeaedfa21c7440894fb69021dde2430a93fb5b1" />
Despite the improvement, concerns remain over whether many Malaysians can consistently build sufficient retirement savings amid rising living costs.
Port Dickson MP Datuk Seri Aminuddin Harun previously raised concerns that around 6.1 million EPF members have savings below RM10,000, partly due to withdrawals made during the Covid-19 pandemic.
He warned that the situation could potentially increase the risk of retirement poverty if affected members are unable to rebuild their savings before reaching retirement age.
Liew acknowledged the concern, saying stronger wage growth and higher household incomes would be crucial in closing the retirement savings gap.
He added that raising wages remains a key objective under the government&rsquo;s Madani Economy framework, as higher incomes would allow Malaysians to save more consistently over the long term.
Government Aims For Stronger Retirement Protection
While EPF initiatives have helped more members improve their savings, challenges remain for workers with unstable incomes, including gig workers and those outside the formal employment sector.
The government said it will continue working with EPF to strengthen contribution incentives, expand social protection measures and improve retirement savings adequacy.
With nearly six in 10 active contributors still below the Basic Savings benchmark, ensuring Malaysians have enough disposable income and stable employment opportunities remains a key factor in building stronger retirement security.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Despite improvements, many Malaysians still have a long way to go before reaching the recommended retirement savings target.

dc96d19917e76a3f173268cc008406e8ed0d58f015b73bcba6fc94bc29bb6bb2

Nearly 62% Of EPF Members Yet To Reach Basic Retirement Savings Target Despite Improvement

Malaysia's crackdown on the misuse of subsidised fuel has resulted in one of its first successful prosecutions under stricter enforcement rules, after a Singaporean driver was fined RM20,000 for illegally purchasing RON95 petrol in Johor.
The case serves as a reminder that while Malaysia's subsidised RON95 fuel is significantly cheaper than premium petrol, it is reserved exclusively for eligible Malaysian motorists and cannot be purchased by foreign-registered vehicles.
Singaporean Driver Pleads Guilty
&nbsp;<img src="https://r2.myc.my/816c0128f8387d17fbab56b4ecb68ea1822fb44208461df92c2845a367077543" />
The man, who is in his 50s, pleaded guilty at the Johor Bahru Sessions Court after being caught filling his Singapore-registered Honda Civic with subsidised RON95 petrol at a petrol station on 9 April.
The offence was uncovered during Op Tiris 4.0, an enforcement operation carried out by officers from the Ministry of Domestic Trade and Cost of Living (KPDN).
Sessions Court Judge Datuk Che Wan Zaidi Che Wan Ibrahim sentenced him to a RM20,000 fine, with an additional three-month jail term if he failed to pay. According to local reports, the driver settled the fine on the very same day.
Why Foreign Vehicles Cannot Buy RON95
<img src="https://r2.myc.my/a14f673653dfc027a26aa21093d5dbdfb4fbd3e0a8be0a769e3f1a557d07e800" />
Malaysia has prohibited foreign-registered vehicles from purchasing subsidised RON95 petrol since 2010.
The subsidy exists to ensure Malaysian taxpayers benefit from government-funded fuel assistance, with eligible Malaysians currently paying RM1.99 per litre for RON95.
Drivers of foreign-registered vehicles are instead required to purchase RON97, which is sold at market prices.
While the restriction has existed for years, enforcement has become significantly stricter since 1 April 2026.
Previously, legal action was primarily taken against petrol station operators found selling subsidised fuel to foreign vehicles. However, under the revised enforcement measures, authorities can now prosecute both petrol station operators and the owners or drivers of foreign-registered vehicles.
This Johor case is believed to be among the first prosecutions under the tougher approach.
Authorities: Subsidies Must Reach The Right People
&nbsp;<img src="https://r2.myc.my/3c7e3a6b0c6c09110bf80bb66cd6e19e8d6c4a585bb42fd5bf28561ee4b19d43" />
Johor KPDN director Lilis Saslinda Pornomo said the successful prosecution demonstrates the government's continued commitment to preventing the misuse of controlled goods.
She explained that enforcing the regulations helps protect consumer interests while ensuring Malaysia's subsidised fuel remains available for those it is intended to benefit.
Authorities also reminded the public that purchasing subsidised fuel using a foreign-registered vehicle is an offence under the Control of Supplies Act 1961.
Under the law, first-time offenders can face fines of up to RM1 million, imprisonment of up to three years, or both. Repeat offenders face even harsher penalties, including fines of up to RM3 million and jail terms of up to five years.
Companies or petrol stations found supplying subsidised fuel illegally may also face fines reaching RM2 million, increasing to RM5 million for repeat offences.
A Costly Attempt To Save On Fuel
&nbsp;<img src="https://r2.myc.my/3199f97008424903f1313149810d2f8c4e90a4037fec6357c5f289f9deef9e67" />
Authorities did not reveal how much fuel the driver purchased.
However, the RM20,000 penalty far outweighs any potential savings he could have made by choosing subsidised RON95 instead of RON97.
At the current price of RM4.00 per litre for RON97 in Malaysia, the fine is equivalent to around 5,000 litres of premium petrol &mdash; enough to fill a typical 50-litre passenger vehicle approximately 100 times.
The case highlights just how seriously Malaysian authorities are now treating attempts to misuse the country's fuel subsidy programme.
Malaysia Vs Singapore Fuel Prices
&nbsp;<img src="https://r2.myc.my/42efe1111ab9d55f646d8dbde77dd6b2bc9bb345fdab57ae406d36695e3b1b7c" />
The incident also highlights the significant difference in fuel prices between Malaysia and Singapore.
In Malaysia, eligible motorists currently pay RM1.99 per litre for subsidised RON95, while RON97 costs RM4.00 per litre. Eligible BUDI Diesel recipients are also able to purchase subsidised diesel at RM2.10 per litre.
In comparison, fuel prices in Singapore are considerably higher due to the absence of fuel subsidies, higher taxes and market-based pricing. Based on current pump prices, petrol in Singapore costs approximately RM9.30 to RM11.30 per litre, depending on the fuel grade and retailer, while diesel is priced at roughly RM9.00 to RM9.70 per litre.
The sizeable price gap has long made Malaysia an attractive destination for motorists crossing the border to refuel. However, Malaysian authorities have reiterated that subsidised RON95 is reserved exclusively for eligible Malaysian motorists, with stricter enforcement now targeting both petrol station operators and foreign drivers who attempt to misuse the subsidy.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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A cheaper tank of petrol turned into a RM20,000 lesson for one Singaporean driver.

9b26b5ac6ca8fe4e1df65ddf98e0e08928b90e936ec3b3e8f39d9303b45f8cf5

Singaporean Driver Fined RM20,000 After Illegally Filling Up With Subsidised RON95 Petrol In Johor

The removal of the RM1 interbank ATM withdrawal fee has been welcomed by many Malaysians, but it has also caused some confusion after several people reported they were still being charged despite the new policy taking effect on 1 July.
Communications Minister Datuk Fahmi Fadzil has now clarified that the fee waiver does not apply to every ATM in the country. Instead, it only covers ATMs and Smart Recycler Machines (SRMs) that are owned and operated by banks participating in the shared ATM network.
If you are withdrawing cash from one bank's ATM using another bank's debit card, you should no longer be charged the RM1 fee&mdash;provided the machine belongs to a participating bank.
Why Are Some ATMs Still Charging RM1?
&nbsp;<img src="https://r2.myc.my/86700a47d538309688d3f955449b53cc4bd27531ed308f2b4e261269e3d19df7" />
According to Fahmi, around 84% of the country's approximately 16,000 ATMs are owned by banks and are covered under the new fee exemption.
The remaining 16% are operated by independent, non-bank companies, which continue to charge the RM1 withdrawal fee as part of their own commercial business model.
These privately operated ATMs are not included in the industry-wide initiative announced by Malaysia's banking sector and therefore remain free to impose the transaction fee.
Fahmi explained that these machines generally operate under separate commercial agreements that differ from those governing the country's banking network.
How To Tell Whether An ATM Is Covered
&nbsp;<img src="https://r2.myc.my/2ea857ae9c563287f17ce6c0b2935b63fdb777c3fe4318a9b1764d245cf237bb" />
If you're unsure whether you'll be charged, Fahmi says there's a simple way to tell.
Bank-operated ATMs usually display a prominent bank logo, making them easy to identify.
Meanwhile, independently operated ATMs typically do not carry the branding of a single bank and are instead managed by third-party operators.
As a result, customers using these privately operated machines should still expect the RM1 interbank withdrawal fee to apply.
What Should You Do If You're Still Charged At A Bank ATM?
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://r2.myc.my/e83794adaf66b3dd3facf270cccff947fb2515bb7086bfe2e1d529dfcb621b2d" />
If you are charged the RM1 fee while withdrawing cash from a bank-owned ATM, Fahmi urged consumers to report the matter to Bank Negara Malaysia (BNM).
According to him, the central bank will investigate whether the charge resulted from a technical issue, an operational error or non-compliance with the new directive by the financial institution involved.
Consumers are also encouraged to keep their transaction receipts or bank statements showing the deduction, as these can help speed up the investigation process.
Bank Negara has been tasked with ensuring banks comply with the new fee waiver and protecting consumers from being wrongly charged.
More Than 14,000 Bank ATMs Now Offer Free Interbank Withdrawals
&nbsp;<img src="https://r2.myc.my/ab7072e1482e0eee0b9fbeebe27df6cb7d66f17dd8b4ea933c9ef215d20d055d" />
The fee waiver, which came into effect on 1 July, was introduced through a joint initiative by the Association of Banks in Malaysia (ABM), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), the Association of Development Finance Institutions Malaysia (ADFIM) and Payments Network Malaysia (PayNet).
Under the initiative, debit cardholders can now make unlimited interbank cash withdrawals at more than 14,000 bank-operated ATMs and Smart Recycler Machines (SRMs) nationwide without paying the RM1 fee.
The move is aimed at making cash withdrawals more convenient and affordable by allowing customers to use participating ATMs regardless of which bank issued their debit card.
Social Media Confusion Prompted The Clarification
<blockquote id="ig-tp-DaO3PyZk_P1" class="text-post-media" style="background: #FFF; border-radius: 16px; max-width: 650px; margin: 1px; min-width: 270px; padding: 0; width: calc(100% - 2px); border: 1px solid #00000026;" data-text-post-permalink="https://www.threads.com/@tiga_izz/post/DaO3PyZk_P1" data-text-post-version="0">
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Fahmi's clarification came after social media users questioned why they were still being charged RM1 despite the policy taking effect.
Some posts showing transaction receipts quickly gained traction online, leading many to believe the fee waiver had not been properly implemented.
However, other users soon pointed out that many of the transactions had likely been carried out at independently operated ATMs, which are not covered under the exemption.
To avoid confusion, Fahmi reminded Malaysians to look for the bank logo before making an interbank cash withdrawal. If the ATM belongs to a bank, the RM1 fee should no longer apply. If it does and you are still charged, consumers are advised to report the incident directly to Bank Negara for further action.
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*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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The RM1 interbank ATM withdrawal fee has been abolished at bank-operated machines, but some ATMs will still continue charging it.

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