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.

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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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Indonesian President Prabowo Subianto has warned foreign countries against &ldquo;insulting&rdquo; Indonesia over its recurring forest and land fires, as the country faces mounting pressure over transboundary haze, financial market concerns and potential energy export restrictions.
Speaking at a cabinet meeting on 21 October, Prabowo said Indonesia would not accept what he viewed as disrespect from other countries. He also threatened to expose companies responsible for the fires and revoke permits belonging to businesses found to have broken the law.
The remarks come as Indonesia confronts several issues that could strain its regional relationships and investor confidence.
Haze Crisis Puts Pressure on Indonesia
<img src="https://r2.myc.my/4693c5bf4379552d32f1f545f1c89b4ebfb2cd3cdaad4e09d42a40858d0185df" />
More than 1.9 million hectares of land were reportedly affected by fires in the nine months to September, according to Nusantara Atlas. The fires have been linked to dry conditions associated with El Ni&ntilde;o, slash-and-burn land clearing and drained peatlands, which can make fires difficult to extinguish.
Smoke from the fires has affected communities in Indonesia and contributed to haze across neighbouring countries, including Malaysia, Singapore and Timor-Leste. The recurring problem has raised concerns about public health, environmental damage and regional cooperation.
Indonesian authorities are reportedly investigating 98 corporations in connection with the fires. However, the investigations do not mean every company has been found responsible, with any legal or regulatory action dependent on the evidence gathered.
Malaysia and Singapore have offered assistance to help Indonesia tackle the fires. Jakarta, however, has maintained that it is capable of managing the situation itself.
Prabowo&rsquo;s threat to revoke permits signals a potential focus on enforcement, although its effectiveness will depend on whether authorities identify those responsible and take meaningful action.
Residents Take Legal Action Over Haze
<img src="https://r2.myc.my/e32859b784de5b2441990407b5b3da45f975eebd1317712d76c6110e4cf26ee9" />
The crisis has also prompted legal action within Indonesia. A court hearing in Pontianak is considering a lawsuit brought by residents who accuse the state of negligence in responding to the haze. The suit names Prabowo and 26 other officials.
The case highlights the domestic consequences of recurring fires, as affected residents seek accountability for the harm caused by smoke pollution. It also puts pressure on the government to demonstrate that it is protecting communities and enforcing environmental regulations.
While Prabowo&rsquo;s remarks suggest businesses could face consequences, identifying companies, establishing legal responsibility and preventing future fires remain separate steps requiring transparent investigations and consistent enforcement.
MSCI Raises Concerns Over Indonesia&rsquo;s Financial Market
<img src="https://r2.myc.my/398c07d0b6841fdf1df19ffa23a70dbd70bae9c2b647bcec9208c77bf46e307b" />
Indonesia is also facing scrutiny from global index provider MSCI, which has proposed considering a reclassification of the country from an emerging market to a standalone market in 2027.
The proposal follows concerns about share ownership transparency, suspicious trading activity and the effectiveness of market oversight. A change in classification could affect how international investors assess or access Indonesian equities, although no final decision has been made.
Prabowo has said Indonesia is not afraid of the prospect. Nevertheless, the announcement has added to market uncertainty. Reports said a two-day sell-off wiped approximately US$82 billion (RM347 billion) from the market&rsquo;s value.
Although separate from the haze crisis, the market concerns have placed Indonesia under further scrutiny over accountability and governance. Addressing MSCI&rsquo;s concerns would require credible improvements in transparency and supervision, rather than statements of defiance alone.
Indonesia Raises Possibility of Energy Export Restrictions
<img src="https://r2.myc.my/aa5ee5f90523a8347669ca35b1161eba59462d6d58fdb42716b04ab49353316c" />
Indonesia&rsquo;s energy policy has added another dimension to the tensions. Energy Minister Bahlil Lahadalia said the country could stop exports to countries that disrespect Indonesia and might not renew existing gas export contracts.
He did not identify which countries could be affected. Indonesia supplies natural gas to several markets, including Japan, China, Singapore and South Korea. Singapore&rsquo;s gas supply contracts with Indonesia are due to expire at the end of 2028, making future negotiations important for both sides.
The comments do not confirm that exports will be halted. Any decision would need to account for contractual obligations, commercial interests and wider diplomatic consequences. Using energy supplies as leverage could create uncertainty for buyers while affecting Indonesia&rsquo;s reputation as a reliable supplier.
Multiple Challenges Require Different Solutions
Prabowo&rsquo;s warning comes as Indonesia faces pressure on several fronts: recurring fires affecting neighbouring countries, a lawsuit over the government&rsquo;s response, questions about financial market transparency and uncertainty surrounding future energy exports.
These issues share broader questions of accountability and public trust, but each requires a different response. The haze crisis calls for effective fire prevention, transparent investigations and action against proven offenders. MSCI&rsquo;s concerns require stronger market disclosure and oversight, while energy diplomacy will depend on how Indonesia balances national interests with its commitments to trading partners.
Indonesia has pushed back against what it considers disrespectful outside criticism. However, easing tensions will depend not only on defending its sovereignty, but also on demonstrating measurable progress on the issues raising concern at home and abroad.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Indonesia faces mounting pressure as the ongoing haze crisis, market uncertainty and Prabowo’s warning over energy exports put regional relations to the test.

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Prabowo Warns Countries Against Insulting Indonesia As Haze Crisis and MSCI Downgrade Threaten Relations

Ken Kutaragi, widely known as the &ldquo;Father of PlayStation&rdquo;, has weighed in on Sony&rsquo;s controversial plan to end physical disc production for new PlayStation games, saying he understands why gamers are upset but believes continuing to manufacture discs is no longer economically viable.
The former Sony Interactive Entertainment chairman and engineer behind the original PlayStation, PlayStation 2 and PlayStation 3 shared his views in an interview with Video Games Chronicle (VGC) at the Game Republic New Horizons event in Middlesbrough, UK.
His comments come amid growing backlash from gaming enthusiasts following Sony&rsquo;s announcement that it plans to discontinue physical disc production for new PlayStation game releases from January 2028. While many players continue to defend physical copies, Kutaragi believes the industry is moving towards a future built around digital distribution and network-connected platforms.
Ken Kutaragi Says Physical Discs Have Become a Symbol of Game Ownership
<img src="https://r2.myc.my/3c2d5851b500db4244adc5df6d31db714c06b91367751b4ca12757d3f3fc86c1" />
Kutaragi acknowledged that physical game discs represent more than just a way to install and play games. For many players, owning a disc provides a sense of security and control over their purchases.
&ldquo;I understand that physical discs have become a metaphor for &lsquo;owning&rsquo; games. I really understand that mentality,&rdquo; he told VGC.
However, he questioned whether physical media remains necessary in an increasingly connected world, comparing the situation to smartphones, where users generally rely on digital services rather than physical formats to access their content.
He argued that people have become comfortable trusting network-connected devices to retain access to their digital purchases, suggesting that console gamers could eventually adopt a similar mindset.
&ldquo;I really understand why some people are upset, but I don&rsquo;t think it&rsquo;s economically reasonable. Maybe it&rsquo;s a mentality issue,&rdquo; he added.
Although Kutaragi recognises the emotional attachment gamers have to physical copies, his comments suggest he sees the shift towards digital gaming as a practical response to changing consumer habits and the economics of the industry.
Sony&rsquo;s Plan to End Physical PlayStation Discs in 2028
<img src="https://r2.myc.my/b5292501116e0385690410288ad6d6b4bdf0a3cea78106cfcf03e1b07e76fdae" />
Sony announced that it intends to stop producing physical discs for new PlayStation game releases from January 2028, a move that has prompted criticism from players who prefer buying boxed copies.
The decision reflects the broader growth of digital game distribution, with Sony previously describing the transition as a natural direction for the business amid increasing consumer preference for digital media.
Nevertheless, the announcement has raised concerns about game ownership, preservation and long-term access to purchased titles.
Unlike physical copies, digital purchases typically provide a licence to access a game rather than an unrestricted ownership right. Access can be affected by licensing terms, platform policies and the continued availability of online services.
Physical discs also offer practical advantages for some players, including the ability to lend or resell eligible games, collect boxed editions and play supported titles without relying entirely on digital storefronts.
These concerns have fuelled calls for Sony to reconsider its plans, with some gamers even advocating boycotts. The debate has also intensified as major releases explore collector&rsquo;s editions that contain merchandise but do not include a physical copy of the game.
PlayStation Could Become More Than Just a Gaming Console
<img src="https://r2.myc.my/c8e6958b3839744c5468a1d999a4518e82131c39855430bb5dbea7afd2879dbb" />
Kutaragi also suggested that Sony&rsquo;s changing approach reflects a broader transformation in how the company views PlayStation.
He pointed out that Sony Interactive Entertainment now includes people with backgrounds in streaming and online services, including those associated with Gaikai, the cloud gaming company Sony acquired in 2012.
According to Kutaragi, this may explain why the company increasingly views PlayStation as a platform for delivering digital content rather than simply a dedicated gaming console.
He acknowledged that this approach is understandable in an era when internet connectivity is widespread, but said it has created friction with dedicated gaming enthusiasts who continue to value traditional console experiences.
His views are consistent with predictions he made years ago. In 2006, Kutaragi suggested that digital distribution and network connectivity would eventually reduce the need for physical media, potentially eliminating the need for hard drives as games increasingly move towards streaming.
However, Kutaragi left Sony in 2007 and is no longer involved in running PlayStation. His comments therefore represent his personal perspective, rather than an official statement from Sony.
Could AI and Cloud Gaming Eventually Eliminate Consoles?
<img src="https://r2.myc.my/027c5010a197f425813dcf277b22291ba2765cc986982b52fad09f80c1d3ccd0" />
Beyond the physical disc debate, Kutaragi raised concerns about rising consumer hardware prices, which he linked to component shortages and the increasing cost of developing powerful machines.
He described current hardware prices as unhealthy for the industry, arguing that manufacturers need to find more effective ways to deliver technology to consumers.
His proposed solution involves making greater use of artificial intelligence (AI) and cloud computing. If these technologies reach their full potential, Kutaragi believes gaming companies could eventually deliver high-performance experiences without requiring players to own dedicated consoles.
&ldquo;We won&rsquo;t need any console,&rdquo; he said when discussing the potential of AI and cloud computing, while making clear that his remarks were not an official Sony position.
For now, physical PlayStation games remain available, and Sony&rsquo;s planned January 2028 transition has not eliminated the current market for boxed releases. However, Kutaragi&rsquo;s comments highlight the growing divide between the industry's push towards digital distribution and gamers&rsquo; desire to retain greater control over their collections.
Whether players will eventually accept a digital-first future remains uncertain, particularly as questions surrounding game preservation, licensing and access continue to shape the debate.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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As PlayStation moves towards a digital-only future, gamers are still fighting to keep physical game discs alive.

ab9dc332d8a3ac2cf2bff7ec0d2c03d56055b8de228c802ad81a9ce952ebeb76

PlayStation Founder Ken Kutaragi Calls Physical Disc Backlash A “Mentality Issue” Ahead of Sony’s 2028 Shift

BTS fans heading to Singapore this December will have more to look forward to than the K-pop group's highly anticipated concerts, as the city prepares for a month-long celebration inspired by the global superstars.
Running from 1 to 31 December 2026, BTS THE CITY ARIRANG Singapore will transform popular attractions, cultural institutions and entertainment destinations across the island with themed light shows, art installations, fireworks, music experiences and other activities celebrating the group's music and ongoing world tour.
Announced on 19 October by BTS' management agency Big Hit Music, under HYBE, in partnership with the Singapore Tourism Board (STB), the initiative marks the first and only stop in Southeast Asia. It follows previous editions in Seoul, Busan, Las Vegas, London and New York, bringing the immersive BTS experience to Singapore for the first time.
BTS to Perform Four Nights at Singapore National Stadium
<img src="https://r2.myc.my/ea85a3556af56d417051c0e5b43484fc0e083adb56c4d2c6045760128c9a5032" />
The citywide celebration will coincide with BTS' four scheduled concerts at the National Stadium on 17, 19, 20 and 22 December.
While concert tickets may be difficult to secure, the month-long programme gives fans additional opportunities to celebrate the group beyond the stadium. Major attractions across Singapore will host themed experiences, allowing visitors to combine their BTS fandom with sightseeing, entertainment and cultural activities.
The initiative is designed to turn Singapore into an immersive destination for fans, with participating venues incorporating BTS music and the group's latest album, ARIRANG, into their attractions and programmes.
Jewel Changi Airport, Museums and Wildlife Attractions Join the Celebration
<img src="https://r2.myc.my/2168f9982ca14c4097e3dfb5af279ad61ef295e20b2b4954317d00fb8a7c68c1" />
One of the main highlights will be at Jewel Changi Airport, where its iconic Rain Vortex will feature a themed light and music show inspired by BTS.
At the Mandai Wildlife Reserve, Exploria, its immersive multimedia attraction, will receive a landmark-themed takeover. Visitors can also explore a special art trail at National Gallery Singapore, where BTS music will be paired with works featured in the Pop after Pop: Art Around Us exhibition.
Meanwhile, the National Museum of Singapore will host themed light and sound installations, adding another stop for fans looking to experience the celebration through visual and audio displays.
These activations will bring BTS-themed experiences into some of Singapore's best-known attractions, extending the festivities beyond traditional concert venues.
Fireworks, Drone Shows and a BTS-Themed Rave
<img src="https://r2.myc.my/767dffab6c4ea73a7f1f6ee8d3fd1082260eead9da305431d872731f56b15d2a" />
Fans seeking more high-energy entertainment will have several options throughout December.
Universal Studios Singapore, located at Resorts World Sentosa, will feature a fireworks display choreographed to BTS music, alongside other themed experiences within the theme park.
Sentosa Island will also join the festivities with a BTS-inspired rave and drone show, a themed race and immersive installations. The Kallang, which includes the area surrounding the National Stadium, will host interactive experiences spread across multiple themed zones.
For nightlife enthusiasts, Zouk Singapore will stage opening and closing night takeovers featuring dedicated music and experiential programming.
Together, these events will offer fans different ways to enjoy the group's music, whether through large-scale visual spectacles, interactive attractions or dedicated music events.
Singapore Landmarks to Glow in ARIRANG Red
<img src="https://r2.myc.my/ef5a649d570d1ab8575f6417fa1eca00364f6a605d39ab1984aa06841b51791e" />
Beyond the individual attractions, Singapore's cityscape will also become part of the celebration.
From 8 to 22 December, landmarks around Marina Bay and along the Singapore River will light up in red each night, reflecting the signature colour associated with BTS' ARIRANG album and tour.
The participating landmarks announced so far include Anderson Bridge, Cavenagh Bridge, Clemenceau Bridge, Coleman Bridge, Elgin Bridge, Gardens by the Bay, Millenia Tower, Ord Bridge, OUE Bayfront, Singapore Flyer, The Fullerton Hotel Singapore, The Helix Bridge and The Ritz-Carlton, Millenia Singapore.
The coordinated illuminations are expected to add a distinctive visual element to Singapore's waterfront and skyline during the concert period, giving fans and visitors more opportunities to take photographs and enjoy the celebrations around the city.
Singapore Tourism Board Calls It a Major Citywide Project
&nbsp;<img src="https://r2.myc.my/3f35f797e111ded44e906d0ad107e0f5c8736980c729f651b08162de876dd222" />
Oliver Chong, assistant chief executive of the international group at STB, described the initiative as the largest citywide destination project the tourism board has collaborated on with a recording artiste.
He said hosting the Southeast Asian debut of BTS THE CITY ARIRANG reflects Singapore's ability to attract major international entertainment properties and reinforces its position as a destination for world-class live entertainment.
The tourism board also expects the programme to welcome BTS fans from Singapore and overseas, potentially encouraging visitors to explore different parts of the city throughout the month.
Further information about participating partners and additional activations is expected to be announced in due course.
BTS Fans Await More Details on Tickets and Event Schedules
Although the main attractions and concert dates have been announced, details such as individual activity schedules, ticketing arrangements and admission prices for specific experiences have yet to be confirmed.
Fans planning a December trip should therefore look out for further announcements from the Singapore Tourism Board, HYBE and the participating venues before finalising their itineraries.
With four BTS concerts and a month of music-themed attractions, Singapore is set to offer fans a wider celebration of ARIRANG beyond the live performances. For those unable to attend the concerts, the citywide programme could still provide a chance to experience the excitement surrounding one of K-pop's biggest groups.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Singapore is about to turn fans’ dreams into reality with a month of BTS-inspired lights, music and unforgettable experiences!

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BTS THE CITY ARIRANG Singapore: Month-Long Celebration To Take Over Landmarks This December

Waze has rejected allegations that it collects sensitive government information or allows users&rsquo; personal data to be exploited, following Malaysia&rsquo;s decision to prohibit civil servants from using the navigation app for official duties.
In a statement to Reuters on Thursday, 22 October, a Waze spokesperson described the allegations as completely false, adding that the platform operates under strict privacy policies designed to protect user data and comply with global data protection standards.
The response came a day after Prime Minister Datuk Seri Anwar Ibrahim announced the restriction, citing concerns about government information security and personal data. He also encouraged Malaysians to consider locally developed alternatives, including TuJu, a navigation app developed by the Malaysian Highway Authority (LLM) and Prosignal Consortium Sdn Bhd.
However, TuJu has faced mounting criticism over its reliability following a surge in downloads. Technical disruptions have forced the temporary suspension of its main turn-by-turn navigation feature, raising questions about whether the local app is ready to replace established platforms.
Waze Rejects Allegations Over User Data
<img src="https://r2.myc.my/57c41ada94e069340620d738e03c77c1fd2a47ca820b9a25af377d56505ffe22" />
Waze&rsquo;s statement directly challenges concerns raised by the Malaysian government about the security of information collected through the application.
Anwar announced the restriction on 21 October, citing potential risks involving sensitive government information and personal data. The government also encouraged the public to explore Malaysian-developed navigation services.
Digital Minister Gobind Singh Deo subsequently explained in the Dewan Rakyat that the restriction was partly related to Waze&rsquo;s terms of service, which place the application under Israeli law. He said this raised questions about the legal remedies available to Malaysians should a dispute arise.
The government was also concerned about location privacy, including claims that users&rsquo; movements could potentially be tracked even when the application was not actively being used.
Waze, which is owned by Google, maintains that its privacy policies protect users&rsquo; information. Its latest statement provides the company&rsquo;s response to the allegations, although the restriction on civil servants remains in place.
Waze Ban Does Not Apply to All Malaysians
<img src="https://r2.myc.my/475f28591d8a81d8fe39c62904dbc79928b0645cab7803185d6b442018b36e2e" />
Gobind clarified that the restriction applies only to civil servants using Waze while performing official duties. It does not constitute a nationwide ban, and members of the public remain free to use the application.
He also stressed that civil servants are not required to use TuJu exclusively, with other navigation services, including Google Maps, remaining available.
The clarification followed concerns raised by Bentong MP Young Syefura Othman, who questioned whether TuJu was sufficiently developed to replace established navigation platforms after trying the app herself.
Gobind acknowledged that TuJu needed further improvements and said the Digital Ministry would work with TuJu, PINTAZ and other relevant parties under the government&rsquo;s GovTech initiative to strengthen locally developed digital services.
Initially designed to provide highway traffic information, TuJu offers features such as selected highway CCTV feeds, toll charges, rest and service area information, and tools for reporting road damage. The government is now looking to expand its coverage to include traffic conditions on roads leading to major highways.
TuJu Faces Technical Problems and User Complaints
<img src="https://r2.myc.my/183bd85b15dd3b9f42bd62b125344cd5fe4d4bbfbc5456553d1f0f6af2eaa237" />
Despite renewed attention following the government&rsquo;s announcement, TuJu has struggled to cope with demand while facing criticism over its core navigation functions.
LLM announced that the app was undergoing urgent maintenance after a surge in users overwhelmed its servers. During the disruption, its main turn-by-turn navigation feature was temporarily disabled, although selected highway CCTV feeds and basic information services remained available.
The authority apologised for the disruption, acknowledging that system capacity and server stability needed improvement to accommodate the sudden increase in users.
<img src="https://r2.myc.my/d771391fc6aa47d877a2c30f20d7305764014482b0c45c58fa6edb667a2128f6" />
Beyond the technical disruption, motorists have reported problems with navigation accuracy, confusing directions, missing lane guidance and difficulty locating destinations. Some users have complained that the app provides unreliable instructions around complicated highway interchanges, where missing an exit can significantly affect a journey.
Other reported issues include unreliable traffic information, CCTV feeds that fail to load and the absence of Android Auto and Apple CarPlay support.
These shortcomings have raised questions about whether TuJu is ready for everyday use, particularly among motorists who depend on accurate, real-time guidance when travelling through busy areas such as Kuala Lumpur and the Klang Valley.
LLM said it was working with Prosignal Consortium, the Works Ministry and the National Cyber Security Agency (NACSA) to address system stability, navigation accuracy, data governance and cybersecurity concerns.
The authority has also pledged to improve the app&rsquo;s capacity and overall user experience, although the timing for the full restoration of its navigation function was not specified in the reports provided.
Government Plans to Improve Local Navigation Services
Gobind said the government recognised public feedback about TuJu&rsquo;s shortcomings and would explore ways to improve its capabilities alongside other locally developed services, including PINTAZ.
The initiative forms part of a broader effort to strengthen Malaysia&rsquo;s digital services while addressing concerns about data security and sovereignty.
However, developing a dependable navigation platform requires more than local ownership. Accurate directions, reliable traffic updates, stable servers and a user-friendly interface will be essential if TuJu is to gain public confidence and compete with established alternatives.
For now, the government&rsquo;s restriction remains limited to civil servants carrying out official duties, while the public can continue choosing their preferred navigation applications.
With Waze rejecting the allegations against it and TuJu undergoing improvements, the debate now centres on balancing data security concerns with the practical needs of motorists who rely on dependable navigation every day.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Malaysia urges civil servants to explore alternatives to Waze for official duties, including local app TuJu.

3fdde8e49db55876ff197cb83683c478082ec73567f5301363ea39e90409603c

Waze Rejects Malaysia’s Data Security Claims As TuJu Struggles To Replace Navigation App

Malaysia is considering a dedicated law to hold companies and individuals responsible for transboundary haze pollution accountable, as worsening air quality and recurring forest fires increase pressure on the government to secure action from Indonesia.
Deputy Natural Resources and Environmental Sustainability Minister Syed Ibrahim Syed Noh told the Dewan Rakyat that Malaysia could introduce legislation similar to Singapore&rsquo;s Transboundary Haze Pollution Act 2014. However, any proposed law would need clear enforcement mechanisms and sufficient evidence to identify those responsible for fires and link them to the haze affecting Malaysia.
The proposal comes as Putrajaya faces criticism, although the government has ruled out formal diplomatic protests or legal proceedings against Jakarta for now.
Evidence Is Key to Enforcing a Haze Law
<img src="https://r2.myc.my/9f4e92fb7a8d71d26c838c1269e58d591180fa220ba3ee6e68a6814e3558635a" />
Syed Ibrahim said there was no legal obstacle to introducing a transboundary haze law, provided it went through the required legislative process and received Parliament&rsquo;s approval.
However, passing legislation would not automatically make enforcement straightforward. Authorities would need to establish the source of pollution, identify those responsible and demonstrate a connection between specific fires and the haze experienced in Malaysia.
This would require information such as fire coordinates, land ownership records, the companies or individuals operating on affected land, and evidence linking their activities to cross-border pollution. Gathering such information would involve extensive investigations before prosecution could proceed.
Syed Ibrahim said a dedicated law could deter open burning that threatens public health and the environment across national borders.
&ldquo;Diplomacy must produce measurable action, while enforcement action must be based on evidence and the law,&rdquo; he told Parliament.
Malaysia Rules Out Formal Action Against Jakarta
&nbsp;<img src="https://r2.myc.my/dc7fa43822cadffabe0e9afb461a665e404dc60e12fa6876ff11a7b92d47397d" />
The proposal comes amid frustration over haze affecting parts of southern and central Peninsular Malaysia, particularly Selangor and Johor.
Foreign Minister Datuk Seri Mohamad Hasan said Malaysia did not intend to pursue legal proceedings or issue a formal diplomatic note against Indonesia, citing the need to preserve bilateral relations. Prime Minister Datuk Seri Anwar Ibrahim has also said the government has exhausted available channels for engaging Jakarta.
Worsening air quality has disrupted daily life, with in-person classes suspended across eight education districts in Selangor, affecting hundreds of thousands of students.
The situation has prompted criticism of Indonesia&rsquo;s fire containment efforts and ASEAN&rsquo;s wider response. Muar MP Syed Saddiq Syed Abdul Rahman has urged affected ASEAN countries to coordinate a stronger response, including restricting corporate financing for companies implicated in illegal slash-and-burn practices. Former health minister Khairy Jamaluddin has also called for Malaysia to take a firmer diplomatic stance.
<blockquote class="instagram-media" style="background: #FFF; border: 0; border-radius: 3px; box-shadow: 0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width: 540px; min-width: 326px; padding: 0; width: calc(100% - 2px);" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/reel/DewRgU4SzYr/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14">
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Malaysia Offers Firefighting Assistance
<img src="https://r2.myc.my/bdc377bd7f94220d09ecec5d21ab1c273655cf7c74702ef63b125a9aa50f8516" />
Malaysia is continuing to work with Indonesia to tackle forest and land fires at their source.
Syed Ibrahim said Malaysia formally offered assistance on 9 September, including water bombing, amphibious aircraft and cloud seeding. Indonesia has agreed to accept assistance to tackle fires in Kalimantan and Sumatra, with deployment arrangements coordinated by the Foreign Ministry, the National Disaster Management Agency (NADMA) and relevant agencies.
Malaysia is also exploring a memorandum of understanding with Indonesia on environmental protection and climate change. Proposed cooperation includes preventing forest and peatland fires, sharing hotspot data, managing high-risk areas and coordinating early intervention.
Malaysia has also proposed a Sustainable Haze Fund under ASEAN to support regional fire prevention, alongside science diplomacy and the bloc&rsquo;s ambition to achieve a haze-free region by 2030.
During the parliamentary discussion, Kuala Kangsar MP Datuk Iskandar Dzulkarnain Abdul Khalid questioned how quickly assistance could be deployed while fires continued, noting that haze can cross borders regardless of whether the fires have been declared a national disaster.
Singapore&rsquo;s Law Offers a Possible Model
<img src="https://r2.myc.my/c948f0e86c06efa69a80a4d18274cc00dfe71e5d6138d11863a9eec61ffb30c8" />
Singapore&rsquo;s Transboundary Haze Pollution Act 2014 allows legal action against entities whose conduct contributes to haze pollution in Singapore, including when relevant activities take place overseas. Prime Minister Lawrence Wong has indicated that Singapore could pursue legal action against companies linked to the fires, while also offering firefighting assistance to Indonesia.
Malaysia would need to ensure its own legislation could be enforced in practice. Investigating activity in another country and proving a link between specific fires and cross-border pollution can be difficult, making reliable evidence essential.
The recurring haze has renewed questions about public health, environmental responsibility and accountability across the region. Malaysia is continuing diplomatic engagement while examining its legislative options, but the key challenge will be ensuring cooperation delivers measurable improvements and that those responsible for harmful burning can be held accountable.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Diplomatic efforts continue, but will stronger legal action finally hold haze polluters accountable?

d54869c4f25a49aed3b1396ec649d0f9ea9ec330c6b64dfae48e1b5824191f26

Malaysia Considers Transboundary Haze Law As Worsening Pollution Raises Pressure for Action

Malaysia has recorded its highest-ever score in the Economic Freedom of the World index since it was introduced in 1970, although the country has slipped two places in the global rankings as other economies made faster progress.
According to the Center for Market Education (CME), Malaysia scored 7.57 out of 10 in the Economic Freedom of the World: 2026 Annual Report, improving slightly from 7.55 previously. Despite the record score, Malaysia fell from 33rd to 35th place among 165 countries and jurisdictions assessed.
In a statement issued on Monday, 19 October, the think tank said Malaysia's economic freedom had improved considerably since the beginning of the century. However, it warned that the latest ranking should not be a reason for complacency, particularly as other countries continue to implement reforms at a faster pace.
Malaysia Remains ASEAN's Second-Freest Economy
<img src="https://r2.myc.my/8afca5035a0d0b9972cef6b39abed3b1b25a2242bcf4ad10b2ed6e72a6f3234c" />
Despite its decline in the global rankings, Malaysia remains the second-freest economy in ASEAN, trailing only Singapore, which secured third place worldwide with a score of 8.43.
Malaysia continues to rank ahead of several regional economies, including Thailand in 57th place, Brunei and the Philippines in joint 61st place, and Indonesia in 72nd place.
Globally, Hong Kong topped the index with a score of 8.53, followed by Switzerland, Singapore, New Zealand and the United States.
Malaysia's score is also above the regional average of 6.99, indicating that the country's overall economic freedom remains relatively strong compared with its regional counterparts.
Nevertheless, the two-place drop highlights the difference between improving a country's own performance and keeping pace with other economies. Although Malaysia achieved a higher score, other countries made sufficient progress to overtake it in the rankings.
Malaysia's Economic Freedom Has Recovered Since the Asian Financial Crisis
&nbsp;<img src="https://r2.myc.my/f5efc3d20acd87b90e8ec65ca8a5facac8f825db5aaf4bd93400351a81f384e5" />
The CME noted that Malaysia has made considerable progress since the economic difficulties experienced during the Asian financial crisis.
According to the report, Malaysia scored 6.99 and ranked 36th in 1995 before its score fell to 6.12 in 2002 following the financial crisis, capital controls and policy disruptions.
The country's position deteriorated further, reaching 97th place in 2009. However, Malaysia has gradually improved its standing since then, reflecting its longer-term progress in economic freedom.
The latest score of 7.57 marks its strongest performance since the index was established, suggesting that Malaysia has made significant gains over the decades despite facing economic and policy challenges along the way.
The improvement also reinforces Malaysia's position as one of Southeast Asia's more economically open economies, although the latest ranking suggests there is still room for further reform.
Government Ownership Remains a Key Concern
&nbsp;<img src="https://r2.myc.my/f4d57510cb73caddb9a44fc4b7cd4032798a83df8448a27e7035f76a4597605b" />
CME chief executive officer Dr Carmelo Ferlito said Malaysia's monetary stability and relatively flexible labour market remained important strengths supporting its economic performance.
However, he warned that the government's extensive involvement in commercial activities continued to present a challenge.
According to Ferlito, government-linked companies (GLCs) and state-owned banks account for a substantial state presence in the economy, which he described as among the heaviest in the world.
He also raised concerns about public administration, stating that it had become less impartial since 2019.
While the country's record score is encouraging, Ferlito stressed that Malaysia should not become complacent as other economies continue to advance their economic reforms.
His comments highlight the ongoing debate over the role of government in the economy, particularly the balance between state participation, private-sector competition and market efficiency.
What Malaysia Needs to Do to Reach the Global Top 20
<img src="https://r2.myc.my/d231982ee21843486056da568c1d7911fcbe2fe9c0aefaf186ab4678a4075298" />
Ferlito said Malaysia would need to pursue further structural reforms if it hopes to break into the world's top 20 economies in the economic freedom rankings.
Among the measures he identified were reducing state ownership in the economy, ensuring that the civil service operates according to clear rules and remains impartial, simplifying the country's tariff structure, and opening markets to greater competition.
Reducing barriers to competition could help create more opportunities for private businesses, while clearer and more impartial public administration could support a more predictable business environment.
Simplifying tariffs could also make trade arrangements easier to navigate, potentially improving market access for businesses and investors.
However, the proposed changes would require sustained policy efforts rather than relying solely on incremental improvements in the country's overall score.
Record Score Shows Progress, But More Reforms Are Needed
Malaysia's latest economic freedom score represents a milestone, reflecting its recovery from the setbacks experienced in the aftermath of the Asian financial crisis and its subsequent improvement over the years.
Nevertheless, its fall to 35th place globally serves as a reminder that maintaining competitiveness requires continued progress as other countries strengthen their own economic policies.
With Malaysia still ranked second in ASEAN, the country has a relatively strong regional position. The challenge now is to translate that standing into further improvements in economic openness, market competition and public administration.
As highlighted by CME, reaching the global top 20 will require Malaysia to address the role of state-owned entities, strengthen impartial governance and create greater opportunities for competition.
Whether Malaysia can climb higher in future editions of the index will depend not only on maintaining economic stability, but also on how effectively it implements the reforms needed to keep pace with the rest of the world.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Malaysia hits a record economic freedom score, but slower progress sees it slip two places in the global rankings.

8aff757719fee624bd62c48b431ee701ba53f0cc9c3586a534cdcfc762f84e6c

Malaysia Achieves Highest Economic Freedom Score Since 1970, But Slips To 35th Globally

Ryt Bank customers can now make contactless payments using their Apple devices, following the launch of Apple Pay support for the bank&rsquo;s Ryt Card on 6 October 2026. The update allows customers to add their card to Apple Wallet and pay in stores, online and through supported apps without needing to take out their physical card.
With this addition, Ryt Bank becomes the first digital bank in Malaysia to support both Apple Pay and Google Pay. The bank introduced Google Pay support in January 2026, giving Android users access to mobile payments before extending the service to Apple users.
The latest update offers customers more flexibility in how they pay for everyday purchases, from buying groceries and grabbing coffee to shopping online. It also introduces another convenient way to make payments while benefiting from the security features built into Apple Pay.
How Apple Pay Makes Everyday Payments More Convenient
<img src="https://r2.myc.my/a06634d7f0de0d8f8ba130a5be85cd48b0017e061d6bbdda0e8e0a4cec6d2fdf" />
Apple Pay allows customers to use compatible devices, including iPhones and Apple Watches, to make contactless payments at participating merchants. Instead of carrying a physical card, users can simply authenticate their payment on their device and hold it near a compatible payment terminal.
The service also works for online purchases and in-app transactions at supported merchants, allowing users to complete payments without repeatedly entering their card details.
For customers who frequently use contactless payments, adding a card to Apple Wallet can make everyday transactions quicker and more convenient. It is particularly useful when heading out without a wallet, as payments can be made directly through a compatible Apple device.
Customers who use Android devices can continue to access Google Pay with their Ryt Card, meaning Ryt Bank now supports both major mobile wallet platforms.
Apple Pay Security Features Protect Your Card Details
<img src="https://r2.myc.my/724ed1fa5a195167b50cac4b7b977fbefb8d824b9a7a4435187ed13a5a0f9b5b" />
Beyond convenience, Apple Pay includes security measures designed to protect users&rsquo; payment information.
Each transaction must be authenticated through Face ID, Touch ID or the device&rsquo;s passcode, helping ensure that payments are authorised by the device&rsquo;s owner.
Apple Pay also uses a device-specific account number and a unique security code for each transaction, rather than sharing the actual card number with merchants. Apple states that card numbers are not stored on its servers, adding another layer of protection when customers make payments.
If an iPhone is lost or misplaced, users can also use Apple&rsquo;s Find My service to mark the device as lost and suspend Apple Pay on it.
However, users should still protect their devices with a secure passcode and keep their banking applications updated.
How To Add Your Ryt Card To Apple Pay
&nbsp;<img src="https://r2.myc.my/8f90cd0d321e69e0ce6a2eb0c2d2ed8edda25d579cd43fa930c406b9029d639d" />
Ryt Bank customers can add their Ryt Card to Apple Wallet through the bank&rsquo;s app or directly through the Wallet app on a compatible Apple device.
Option 1: Through the Ryt Bank app
<ol>
<li>Open the Ryt Bank app and navigate to the Cards tab.</li>
<li>Select the option to Add to Apple Wallet.</li>
<li>Follow the on-screen instructions to complete the setup.</li>
</ol>
Option 2: Through Apple Wallet
<ol>
<li>Open the Wallet app on your compatible Apple device.</li>
<li>Tap the + button to add a card.</li>
<li>Follow the instructions to add and verify your Ryt Card.</li>
</ol>
Once the setup is complete, you can use Apple Pay wherever the service is accepted. Depending on your device and setup, you may also be able to add the card to other compatible Apple devices.
What Is Ryt Bank?
<img src="https://r2.myc.my/7838122416fdb9288b2869284ae7342adcbab30c4e9ed6c8699fea2c795f1bbc" />
Ryt Bank is a licensed digital bank in Malaysia that provides banking services through a digital platform, allowing customers to manage their finances without relying on a traditional network of physical bank branches.
It is operated by YTL Digital Bank Berhad, a joint venture between YTL Digital Capital Sdn Bhd and Sea Limited, the parent company of Shopee and Garena. The bank offers digital banking services through its mobile app, including access to its Ryt Card.
As a digital bank, Ryt Bank focuses on providing customers with accessible banking services and digital tools for everyday financial management. Its support for Google Pay and Apple Pay expands the ways customers can use their Ryt Card for cashless transactions.
Which Other Banks Support Apple Pay In Malaysia?
Ryt Bank joins several established financial institutions that already support Apple Pay in Malaysia. These include AmBank, CIMB, Hong Leong Bank, HSBC, Maybank, RHB and Standard Chartered.
Wise Payments Malaysia is also listed by Apple as a participating card issuer, although availability can vary depending on the issuer and card type.
With Apple Pay now available for the Ryt Card, Ryt Bank customers have another option for making secure, convenient payments using their preferred devices. The move also strengthens the bank&rsquo;s digital payment offerings, allowing both iPhone and Android users to enjoy mobile wallet convenience.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Your Ryt Card just got more convenient, with seamless cashless payments.

83a7b0eb032eccc584cde4e6a36238f2fc261c203d052ed405a69689184ad951

Ryt Bank Adds Apple Pay Support, Becoming Malaysia’s First Digital Bank To Offer Apple Pay And Google Pay

Malaysians can now access a new savings and protection plan directly through ShopeePay following an expanded partnership between ShopeePay Malaysia and Zurich Life Insurance Malaysia Berhad (ZLIMB).
The new Zurich Savings &amp; Protection Plan combines savings with life and disability protection, giving users a way to build their financial future while receiving additional coverage. The two-year plan currently starts from a single premium of RM500, with the minimum entry amount set to be lowered to RM100 in the near future.
The partnership was officially launched in Kuala Lumpur on 7 October 2026 under the theme &ldquo;Everyday Protection, Made For All&rdquo;, marking the first time ShopeePay's digital distribution partnership with Zurich has extended to its life insurance business.
What Does The Zurich Savings &amp; Protection Plan Offer?
<img src="https://r2.myc.my/02d8fdee262be6b2445a734c559a9c007eed48e7b28876a54e5e86c1b9cf1734" />
The Zurich Savings &amp; Protection Plan is a two-year, single-premium endowment plan designed to combine savings growth with life protection.
One of its key features is guaranteed cash payouts every six months, allowing policyholders to receive regular payments throughout the two-year period. The plan also provides life and disability protection equivalent to 105% of the premium paid, with the benefit payable to the policyholder or beneficiaries according to the terms of the policy.
At the end of the two-year maturity period, policyholders receive 100% principal protection, subject to the applicable terms and conditions.
There are also flexible early cash-out options for those who may need access to their money before the plan reaches maturity. However, the amount received through an early cash-out may differ from the maturity benefit, so customers should review the relevant terms before purchasing.
How To Purchase The Plan On ShopeePay
<img src="https://r2.myc.my/8d9b3b8f382f3a162388fedb4e0ec88f82a040875e60c04fc2328acdf87b31af" />
The Zurich Savings &amp; Protection Plan is available directly through the ShopeePay app, allowing users to access the product digitally without having to visit an insurance branch.
To find the plan, users can open the ShopeePay app and select &ldquo;Insurance&rdquo; from the homepage, followed by &ldquo;Endowment&rdquo;.
The launch expands ShopeePay's existing relationship with Zurich. The platform already works with Zurich General Insurance Malaysia Berhad and Zurich General Takaful Malaysia Berhad, but this is the first time its digital distribution partnership has extended to Zurich's life insurance arm.
It also builds on the earlier availability of Zurich Critical Illness insurance through the platform.
Entry Premium To Be Lowered To RM100
<img src="https://r2.myc.my/41239d4b6ec3e4396504fea8aac52d5404aaf336d4b389c532e5e6030b04823c" />
The plan currently requires a minimum premium of RM500, but Zurich and ShopeePay are planning to reduce this to RM100.
While the lower entry point has not yet been implemented, it could make the product more accessible to Malaysians who want to start building financial protection with a smaller initial commitment.
Both companies said the broader goal is to make insurance and financial protection more accessible through digital platforms that consumers already use in their everyday lives.
Junior Cho, Country CEO of Zurich Malaysia, highlighted that Malaysia's protection gap is closely linked to accessibility, saying insurers need to reach consumers where they already are rather than expecting them to seek out traditional channels.
Family Takaful Plans Coming Next Year
<img src="https://r2.myc.my/ce24b27f03d837ea0488d1e9954160c6552ede6a05201dc8e2d393731223dbe1" />
The partnership is also expected to expand into family takaful in 2027.
ShopeePay and Zurich Takaful Malaysia Berhad plan to introduce family takaful products through the platform, giving users access to Syariah-compliant protection alongside conventional insurance options.
Family takaful provides life and financial protection based on Syariah principles, offering Malaysians another option when planning for their long-term financial needs.
Zurich Savings &amp; Protection Plan At A Glance
For those considering the new product, here are the key details:
<ul>
<li>Minimum premium: RM500</li>
<li>Planned future minimum: RM100</li>
<li>Plan duration: Two years</li>
<li>Payment structure: Single premium</li>
<li>Guaranteed cash payouts: Every six months</li>
<li>Life and disability protection: 105% of premium paid</li>
<li>Principal protection at maturity: 100%</li>
<li>Early cash-out: Available, subject to the plan's terms</li>
<li>Available on: ShopeePay app</li>
<li>Access: Insurance &rarr; Endowment</li>
<li>PIDM protection: Benefits are protected by PIDM, subject to applicable limits</li>
</ul>
With the new Zurich Savings &amp; Protection Plan, ShopeePay is expanding beyond everyday payments and general insurance into life insurance, giving Malaysians another digital option to combine savings and financial protection.
The planned RM100 entry point and upcoming family takaful offerings could further widen access to financial protection, although customers should always review the product's terms, benefits and conditions before committing.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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No insurance yet? This could be a simple way to start building financial protection.

0e59542d0735bf57c67f70ff72f64333a4ebc4b0d97c8c2f168a0ff63fa9a947

ShopeePay And Zurich Launch Two-Year Savings And Protection Plan From RM500

Only 39% of active Employees Provident Fund (EPF) members in Malaysia&rsquo;s formal sector are currently on track to meet the fund&rsquo;s Basic Savings benchmark by the age of 60, highlighting the challenge of ensuring Malaysians have enough money to support themselves throughout retirement.
Prime Minister Datuk Seri Anwar Ibrahim said the proportion of members meeting the age-based Basic Savings benchmark increased from 36% in June 2025 to 39% in June 2026.
While this represents progress, around six in 10 active formal-sector EPF members remain below the benchmark for their age.
The government is targeting for six in 10 EPF members to meet the Basic Savings benchmark by 2030 under the EPF&rsquo;s Retirement Income Adequacy (RIA) framework.
What Is The RM390,000 EPF Savings Target?
<img src="https://r2.myc.my/094d4f6f9a830c467627a3083a59c1631eb6cf3f98094ae48e08266cbe4c034e" />
The RM390,000 figure is the EPF&rsquo;s full Basic Savings level under its three-tier Retirement Income Adequacy framework, which took effect in 2026.
The RIA framework is designed to give members a clearer guide to how much they may need for retirement. It consists of three savings levels:
<ul>
<li>Basic Savings: RM390,000</li>
<li>Adequate Savings: RM650,000</li>
<li>Enhanced Savings: RM1.3 million</li>
</ul>
Basic Savings is intended to cover essential retirement needs, while Adequate Savings aims to support a reasonable standard of living. Enhanced Savings represents a higher level of financial security in retirement.
According to EPF, RM390,000 is designed to support an initial monthly withdrawal of around RM1,625 in the first year of retirement, with the framework projecting withdrawals over 20 years from age 60 to 80.
The RM390,000 Benchmark Is Being Phased In
<img src="https://r2.myc.my/e6cb2d5631158eb97bdc73790e51aedeceee88bc865de1df4b151f201e1121f5" />
Although RM390,000 is the full Basic Savings benchmark at age 60, members are not expected to reach the amount immediately.
EPF is gradually introducing the target over five years to give members time to adjust to the higher savings benchmark.
The schedule is:
<ul>
<li>2026: RM270,000</li>
<li>2027: RM300,000</li>
<li>2028: RM330,000</li>
<li>2029: RM360,000</li>
<li>2030: RM390,000</li>
</ul>
The benchmark is also age-based, meaning members are assessed against the amount appropriate for their age rather than being expected to have RM390,000 at any point before the full target takes effect.
Why Retirement Savings Remain A Concern
<img src="https://r2.myc.my/52182c09071739d833d3baddd6f9a8a7636a9bb4cb4f46c70e3fa92d408bfb79" />
Anwar said the latest figures showed progress, but warned that too many Malaysians remain at risk of running out of savings during retirement.
With retirement potentially lasting 20 to 25 years, the issue is not simply accumulating a large lump sum but ensuring those savings can provide a sustainable income throughout retirement.
Speaking at the EPF International Social Wellbeing Conference 2026, Anwar also highlighted the financial pressures facing households today.
He said retirement planning cannot be viewed purely as a matter of financial literacy when many households are already dealing with immediate expenses such as food, rent and education.
This means the ability to save for retirement is closely linked to having sufficient and stable income. Retirement security therefore also depends on wages, decent employment and the ability to contribute consistently.
Informal And Gig Workers Remain Part Of The Challenge
<img src="https://r2.myc.my/379ead4e522887f28a70b190fe51084bd10ab1c9c743c7f4476279e7a5af34fe" />
Another challenge is extending retirement savings coverage to Malaysians working outside conventional formal employment.
The growth of self-employment, gig work and other non-traditional forms of employment means some workers may not receive regular employer contributions to their EPF accounts.
The government has introduced initiatives to broaden coverage, including i-Saraan, which provides incentives for eligible self-employed and informal workers who contribute to EPF.
There is also i-Saraan Plus, which provides additional support for eligible e-hailing and p-hailing workers, while i-Suri has been expanded to support retirement savings among women involved in unpaid care work.
These programmes aim to encourage more Malaysians outside traditional employment to build retirement savings.
EPF Shifts Focus From Savings To Retirement Income
<img src="https://r2.myc.my/dce895ff83854520641db177e2f062d4bde7a0b11c289be0f00857338c4e3ef9" />
EPF chairman Tan Sri Mohd Zuki Ali said retirement planning should not focus solely on how much money members have accumulated. Instead, members need to consider how their savings can provide a sustainable income throughout retirement.
This approach is reflected in the RIA framework, which connects savings levels with potential retirement income rather than treating EPF savings simply as a lump sum. EPF has also introduced measures to help members manage their savings over a longer retirement period.
One is i-Emas, which provides regular monthly payments under the existing Age 55/60 Withdrawal facility. As of June 2026, more than 25,000 members had opted for monthly withdrawals, including more than 7,000 aged 55 and more than 19,000 aged 60.
Another initiative, i-Legasi, allows eligible members with savings above the RM650,000 Adequate Savings level to transfer eligible excess savings to the EPF accounts of immediate family members.
Government Expands Support For Older Malaysians
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<img src="https://r2.myc.my/019711301cc9d428487370e4deba8a076a5d9bb64a1c4be910cb5006b512c012" /> &nbsp; &nbsp; &nbsp; &nbsp;
Retirement security is also being addressed beyond EPF savings.
Under Budget 2026, the government allocated RM1.26 billion for senior citizen welfare, with the funding expected to benefit around 180,000 older Malaysians through assistance and activity centres.
Anwar also highlighted the need for a more comprehensive care system for Malaysia&rsquo;s ageing population, covering community support, nutritious meals and home assistance, as well as day care, home nursing and residential care for older people who are frail or living with dementia.
He said access to essential care should be based on need rather than solely on an individual&rsquo;s ability to pay.
What The Latest EPF Figures Mean
The increase from 36% to 39% of active formal-sector EPF members meeting their age-based Basic Savings benchmark shows some improvement in retirement preparedness.
However, the figures also underline the scale of the challenge ahead.
The government aims to increase the proportion to 60% by 2030, while the full Basic Savings benchmark gradually reaches RM390,000 at age 60.
For EPF members, the RIA framework provides a clearer reference point for assessing whether their savings are keeping pace with their age and expected retirement needs.
Ultimately, retirement planning is not just about reaching a particular savings figure. It is also about ensuring Malaysians have sufficient income, savings and social support to sustain themselves through what could be decades of retirement.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Surviving today while saving for tomorrow isn’t easy. Are Malaysians earning enough to do both?

f11cca6a2b33f1bc76b153ad819bfeeeb2282d7e41fcdf10b1c99f0f59573775

Only 4 In 10 Malaysians On Track For RM390K EPF Savings By 60, Govt Targets 60% By 2030

Tencent has launched TenPayGo, a new mobile payment app designed to make it easier for international visitors to pay for goods, food and transport while travelling in China.
Developed by Tencent&rsquo;s Weixin Pay team, the app allows overseas travellers to link foreign-issued bank cards and selected international digital wallets without needing a Chinese mobile phone number.
The launch comes as China experiences growing inbound tourism, with Tencent looking to make its largely cashless payment ecosystem more accessible to international visitors. The app was unveiled at an international payment services event in Shenzhen, Guangdong, ahead of the Asia-Pacific Economic Cooperation (APEC) Economic Leaders&rsquo; Meeting scheduled to take place in the city in November.
No Chinese Phone Number Required
<img src="https://r2.myc.my/7d0599429863e5bab45a105d5b644fd1af8df8f7ae1b3802bc5541ba89bf6b12" />
One of TenPayGo&rsquo;s main features is its simplified registration process for overseas users.
Instead of requiring a Chinese mobile number, travellers can sign up using an email address and link payment methods issued in their home countries. The app supports bank cards from seven major international card networks, including Visa and Mastercard, as well as Apple Pay and around 60 overseas digital wallets.
Supported wallets include services such as Starryblu, Hipay and Octopus. However, the current list does not include Malaysian e-wallets such as Touch &rsquo;n Go eWallet or Boost.
Once a payment method is connected, users can scan and pay through TenPayGo at tens of millions of shops, restaurants and attractions connected to Tencent&rsquo;s Weixin Pay network.
This gives international travellers another option for making everyday payments in China without having to set up a local payment account.
TenPayGo is Tencent&rsquo;s first mobile payment app specifically designed for international visitors. The company&rsquo;s existing Weixin Pay service is integrated into WeChat, or Weixin as it is known in mainland China, which combines messaging, social media and digital payments in a single platform.
TenPayGo Also Supports Shenzhen Public Transport
&nbsp;<img src="https://r2.myc.my/a282917f8fcf06b25ebf1862406d618bd5e1f2ce925dff22cd0438c612456543" />
Beyond shopping and dining, TenPayGo is also designed to help overseas visitors get around China.
The app currently allows international travellers to activate a ride code for Shenzhen&rsquo;s bus and metro networks directly from their smartphones. Users do not need a local phone number or a physical transport card to access the service.
The transport integration is currently focused on Shenzhen, although Tencent says it plans to gradually introduce more local transportation and lifestyle services through the platform.
The move could make TenPayGo particularly useful for visitors attending major events in the city, including the upcoming APEC summit.
Shenzhen, one of China&rsquo;s major technology hubs, will host the APEC Economic Leaders&rsquo; Meeting in November. It will be the third Chinese city to host the event, following Shanghai in 2001 and Beijing in 2014.
AI Translation And Travel Tools
<img src="https://r2.myc.my/c485c0700b224e7cf6d762fb8422ea08e72b1957f0a023f29d960121b1de6ca5" />
Tencent is also positioning TenPayGo as more than just a payment app by incorporating tools aimed at helping international visitors navigate China.
One of its features provides instant menu translation, allowing travellers to use their smartphones to understand menus and order food more easily.
The app also includes an object-identification function that lets users scan and circle items on their screen to identify them, making it potentially useful when navigating unfamiliar surroundings.
Tencent has also said it is working with local banks on a tax-refund function. The planned feature is intended to support departure tax refunds for eligible overseas visitors, although details on its availability have yet to be announced.
Foreign Spending In China Is Rising
&nbsp;<img src="https://r2.myc.my/36aba044673be1b0f18d0a11dd2b3f5bf007c210edd1142d8124ada66ca7719c" />
The launch of TenPayGo comes as spending by international visitors in China continues to increase.
According to data from Weixin Pay, the value of transactions made by overseas e-wallet users in China rose by 80.6 per cent year-on-year during the first eight months of 2026. The number of transactions also increased by 81.8 per cent over the same period.
China has been seeking to attract more international visitors through measures including expanded visa-free travel arrangements and improvements to its tourism infrastructure.
Official figures cited by Xinhua showed that foreign nationals made nearly 61.29 million border crossings into and out of China between January and August 2026, representing a 19.5 per cent increase from the previous year. Visa-free entries accounted for 23.72 million of those crossings, up 26.8 per cent year-on-year.
The increase in international travel has also encouraged Chinese technology companies to expand support for overseas payment services.
Tencent has previously worked to connect international digital wallets to its payment network, allowing visitors to make purchases in China through payment services they already use at home.
In May, Tencent announced an integration with PayPal that allows eligible US travellers to make payments at Weixin Pay merchants in China through the PayPal app.
Tencent Looks To Make China Travel More Accessible
<img src="https://r2.myc.my/219c0bbebafbd5179522d93ed139cd072350f14cc5b7f9562dbb1a9579d589ea" />
TenPayGo represents another step in Tencent&rsquo;s efforts to bridge the gap between China&rsquo;s cashless payment ecosystem and international travellers.
Rather than requiring visitors to download WeChat or obtain a local Chinese phone number, the app brings payments, public transport and selected travel tools together in a platform specifically designed for overseas users.
Tencent has also said it will work with domestic online payment-clearing house NetsUnion to connect more overseas digital wallets to its payment network.
As international tourism to China continues to grow, TenPayGo could give foreign visitors a simpler way to pay for everyday expenses while also providing access to transport and travel-related services from a single smartphone.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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China’s cashless ecosystem just got more foreigner-friendly.