Hui Jin

614b94cccfecf62e898f3c1a9e1ce4fc82f219abdb04ab0d73f2240175de6682

Money

Anwar

watches

HVGT

Finance Ministry

taxable goods

handbags

jewelry

tax policies

Every year, Malaysians eagerly await the unveiling of the nation's budget, and recently, on October 13, the Budget 2024 was officially presented at the Dewan Rakyat.
As we fast forward to November 1, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim has made a significant announcement. In a written response to Chong Zhemin (PH-Kampar), who inquired about the introduction of the High-Value Goods Tax (HVGT), Anwar declared that it would come into effect on May 1 of the following year. This move marks a significant step in the government's financial planning.
<img src="https://r2.myc.my/ab622fe8495eaa46a68fdfbafa43a667cdddc5f1cf310040be7db77389bd5aa5" />
With that being said, the Ministry of Finance is still in the finalizing phase in terms of the tax policy and the legal aspects of taxing high-value goods while replying to Zhemin on November 1. 
Details like implementation mechanism, types of goods applicable, and tax rates on high-value goods are yet to be disclosed since it is yet to be finalized and approved by the Cabinet. 
Additionally, Anwar said that inputs from various stakeholders have been taken into account through the engagement of the Finance Ministry and the Customs Department while drafting the tax policies and laws. 
Moreover, he also declared that the introduction of HVGT for luxury items like jewellery and watches would be made at the rate between 5% and 10% by the government while tabling the Budget 2024 on October 13. 
<img src="https://r2.myc.my/11636ab1b9cd4e1f329c13d6a0c0d67fbec907d1de0937906a24281aa45862f9" />
As such, several MPs would also like to know further about the characteristics of high-value goods tax, how it will be taxed, and if there is a list of goods and products shown on what is taxable. 
Despite this, the Finance Minister expressed that the purpose of introducing the tax was to increase the country&rsquo;s tax base by imposing taxes on those who are qualified or eligible and those who have the means to pay it. 
While Malaysians are to welcome and embrace the new luxury goods tax soon, however, business and tourism groups, including former Prime Minister Datuk Seri Ismail Sabri Yaakob warned that the introduction of the luxury goods tax can impede the number of foreign tourists from visiting Malaysia for shopping-related reasons.
Overall Summary Of High-Value Goods Tax 
<img src="https://r2.myc.my/3d798275b36b74a3682ea058d5a02403e385b343965fd6e8b2530c690e20e6dd" />
High-Value Goods Tax (HVGT), formerly known as &lsquo;Luxury Goods Tax&rsquo; are items that are not a necessity in daily use and are often associated with branded items of high social class and jaw-dropping prices. 
According to <a href="https://www.crowe.com/my/insights/new-luxury-goods-tax-in-malaysia">Crowe Horwath</a>, luxury goods include lavish Rolex, designer handbags like Louis Vuitton or Birkins, and many more that people flaunt their wealth in an extravagant manner. 
With reference to the local newspaper, The Star, the High-Value Goods Tax (HVGT) is taxable for luxury items like private jets, yachts, jewellery, and opulent cars. 
<img src="https://r2.myc.my/c4f1bde91a2ec299175dc29b2aae82f1a64be29d0f54e31725000071eb25a044" />
The price threshold that is deemed taxable are cars sold above RM200K as well as watches above RM20K, and jewellery amounting to RM10K and above. 
Luxury items often tempt university students to flaunt their affluence, whether it's on social media or among their peers, with the aspiration of immersing themselves in a world of opulence akin to the upper class. Regrettably, this pursuit of luxury can adversely impact their financial well-being as they tend to overspend beyond their means.&nbsp;So remember kids, don't flex your parents wealth ;)
<img src="https://media.tenor.com/IOgzlXfCtmQAAAAC/cash-flexing.gif" alt="Cash Flexing GIF - Cash Flexing Dollars - Discover &amp; Share GIFs" />
In the end, the luxury goods tax is said to impact most of those who are in the high social class region since they can afford to pay a much higher tax. With that being said, high taxes imposed on the mentioned class group are inevitable even if they prefer to evade it. 
What are your thoughts on this? Comment below, alternatively, follow us for more!
*Sources: Visual and Reference Credits to Social Media, The Star, Crowe Horwath, NST, Malay Mail &amp; various cross-references for context.
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Inevitable luxury goods tax is around the corner. 

52c4eec04eec22cb85e65dff57a4d4d526e6cb283e8e69e695e0b49f665669e5

Anwar Announces Implementation Of High-Value Goods Tax Starting 1 May 2024

Malaysia boasts a wealth of talented filmmakers, including a rising number of indie directors who are making their mark with films that stand shoulder-to-shoulder with those on the international stage.
Recently, the critically acclaimed film Abang Adik continues to make waves as it has been selected to represent Malaysia in the International Feature Film category at the 97th Academy Awards, which will be held in March 2025. This milestone was confirmed by the National Film Development Corporation (Finas), who announced the film's selection following evaluations by a committee of film industry experts that ensured compliance with Oscar submission criteria.
What Is &lsquo;Abang Adik&rsquo;?
<iframe src="https://www.youtube.com/embed/lTC_MqgOWgo" width="560" height="314" allowfullscreen="allowfullscreen"></iframe>
Abang Adik is a Malaysian indie film directed by Jin Ong, which tells the heartfelt and dramatic story of two orphaned brothers, Abang and Adik, who live on the fringes of society. The film explores themes of identity, family bonds, and the struggles of marginalized individuals in a harsh, unforgiving world.
The story revolves around the relationship between the two brothers: Abang, who is mute, and Adik, who is rebellious and frustrated with their life circumstances. Despite their differences, they share a deep bond, with Abang acting as a protector and caretaker for his younger brother. The narrative follows their day-to-day survival as undocumented individuals without legal identities, highlighting the challenges they face due to their lack of recognition and rights.
Abang Adik delves into their personal conflicts, emotional struggles, and the dynamics of their brotherhood in a society that often overlooks and discriminates against people like them. The film paints a poignant picture of love, sacrifice, and the fight for survival against all odds.
The movie has been praised for its raw emotional depth, strong performances, and the way it addresses social issues such as statelessness and identity, which are relevant in many Southeast Asian contexts. Abang Adik has garnered attention on the indie film circuit and earned accolades at various international film festivals for its compelling storytelling and cinematic approach.
A Commercial Success &amp; Winning Multiple Awards
The film has gained widespread international recognition, having won 19 prestigious awards, including Best Film at the 22nd Uncaged Competition at the New York Asian Film Festival, and a historic sweep of the top three awards at Italy's Far East Film Festival &mdash; the Golden Mulberry, Black Dragon Critics&rsquo; Award, and White Mulberry Award for Best Feature Film.
<img src="https://r2.myc.my/9d249ae632a929e3471849b366f674b313a558e3799b4f35d92ad69daf45bd66" /> Left: Jack Tan; Right: Taiwan's Wu Kang-ren
The film&rsquo;s stars, Jack Tan and Taiwan's Wu Kang-ren, have also earned praise for their performances, with Wu taking home the Best Actor award at the Taiwan Golden Horse Awards, while Tan claimed the Best Supporting Actor title at the 2024 Malaysia Golden Global Awards (MGGA). Both actors have been instrumental in bringing the story of Abang, a deaf and mute character, and his younger brother Adik, to life.
In addition to its festival accolades, Abang Adik has achieved remarkable commercial success. After its release in China on September 21, 2024, it grossed over RM2.2 million by the end of the month. Prior to that, the film set box office records in Taiwan, earning RM14.6 million, and in Hong Kong, with RM1.55 million, becoming the first Malaysian film to reach such heights. Locally, the film raised RM5.7 million during its December 2023 release.
Finas celebrated the film as a testament to Malaysia's growing presence on the global cinematic stage, highlighting its ability to compete internationally. If you haven't seen it yet, Abang Adik is still available to stream on Netflix.
As the anticipation builds for the 97th Academy Awards, Abang Adik stands as a beacon of Malaysia's storytelling prowess and a hopeful contender in the prestigious competition.
What an incredible achievement! This milestone highlights the remarkable progress of our local film industry, and we are hopeful that Abang Adik will take home an award next year!
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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&nbsp;

Bringing Malaysia’s name up to the big stage, congratulations! 

a895d550b2bd4e7253b234801285d724e0f5014e6566efdf3edf3e34c1673504

Local Film ‘Abang Adik’ To Represent Malaysia In The Best International Feature Film Category At The 97th Academy Awards!

When it comes to late-night cravings, Malaysia is undoubtedly one of the best places to satisfy your midnight hunger. Whether it&rsquo;s a mamak spot or a roadside stall, you&rsquo;re sure to find something delicious no matter the hour.
Recently, American streamer Darren Jason Watkins Jr., better known as IShowSpeed, visited Malaysia during his Asia tour and made waves in nearly every country he stopped in. For those who caught his stream, you might recall him visiting a local Ramly burger stall. He not only enjoyed the freshly made burger but also declared that all the food in Malaysia was amazing.
<blockquote class="twitter-tweet">
Speed try Burger Ramli tepi jalan siap bayar lebih sebab sedap! 💵💵🤣 <a href="https://t.co/JZObKT7xdb">pic.twitter.com/JZObKT7xdb</a>
&mdash; 🇲🇾 (@localrkyt) <a href="https://twitter.com/localrkyt/status/1836032642371985636?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

During his visit to the burger stall, IShowSpeed handed over RM357 for a single burger after giving the stall owner a handful of cash. He rated the burger an impressive 9.5/10, which led to the stall gaining a surge of attention both locally and internationally.
DBKL Shuts Down Burger Stall Visited By IShowSpeed
If you're in the Bangsar area and craving a Ramly Burger, it seems there&rsquo;s now one less option. Bob&rsquo;s Burger, the viral stall visited by IShowSpeed, has been shut down by Kuala Lumpur City Hall (DBKL) after a complaint was lodged.
<img src="https://r2.myc.my/0139268194f2c21da1e52e979b9b49f36a0f77d5892c9f89bc2fa1c5a6da732f" />
In a TikTok story, Bob&rsquo;s Burger announced that it had temporarily ceased operations and promised to keep customers updated through WhatsApp.
&ldquo;Hi guys, Bob&rsquo;s Burger is temporarily closed after our stall was &lsquo;taken&rsquo; by Kuala Lumpur City Hall (DBKL). We will share the latest updates here and via WhatsApp. Thank you for your continued support,&rdquo; the notice read.
News of the closure quickly spread on social media after a TikTok user posted a video showing that Bob&rsquo;s Burger was no longer at its original spot, sparking speculation among fans about the situation.
Mixed Reactions From The Public
After the video of the burger stall being seized went viral, netizens were split over DBKL's actions.
While some criticized the authorities for shutting down the stall, others argued that the closure would be justified if the stall had violated regulations, such as operating without a proper license. The debate has left many wondering about the exact reasons behind the stall's removal.
Here&rsquo;s some of the comments:
<img src="https://r2.myc.my/9e4dbfcc21700a09a1a91514f28f5f7cd86707ed88fb3231ef9190adf54f4fbf" />
For now, there are no further updates on the fate of Bob&rsquo;s Burger, and no reports of other businesses in the Bangsar area being closed or raided by DBKL.
Hopefully, the owner of Bob&rsquo;s Burger will receive clarity from the authorities soon, and we can look forward to seeing the beloved burger stall back in business.
What are your thoughts on this? Let us know in the comments. &nbsp;
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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So far there’s no explanation from authorities on why the stall was closed down and taken away.

ad826a7f108e04dc0fd5744ead0baf6142f8592b47a37e74334007268a3b4459

Viral Burger Stall Visited By IShowSpeed Gets Seized By DBKL

Two Harvard students have developed a chilling demo that showcases how smart glasses, combined with facial recognition technology, can instantly expose people&rsquo;s identities, phone numbers, and addresses. What makes it even more disturbing is that it relies on existing, widely available tech like Ray-Ban Meta smart glasses and public databases.
The Birth of I-XRAY&nbsp; 
AnhPhu Nguyen, one of the students behind the project, posted a video demonstrating how the tech works, which was later picked up by 404 Media. Dubbed I-XRAY, the system uses the Meta smart glasses to livestream video to Instagram. A computer program then monitors the stream, using AI to identify faces. These images are cross-checked with public databases to extract names, addresses, phone numbers, and even relatives, with the information sent back through a phone app.
<blockquote class="twitter-tweet">
Are we ready for a world where our data is exposed at a glance? <a href="https://twitter.com/CaineArdayfio?ref_src=twsrc%5Etfw">@CaineArdayfio</a> and I offer an answer to protect yourself here:<a href="https://t.co/LhxModhDpk">https://t.co/LhxModhDpk</a> <a href="https://t.co/Oo35TxBNtD">pic.twitter.com/Oo35TxBNtD</a>
&mdash; AnhPhu Nguyen (@AnhPhuNguyen1) <a href="https://twitter.com/AnhPhuNguyen1/status/1840786336992682409?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In the demo, Nguyen and his co-creator, Caine Ardayfio, can be seen using the glasses to identify classmates in real-time, uncovering their addresses and the names of their relatives. Even more unnerving, the pair are also shown casually striking up conversations with strangers on public transit, pretending to know them, using information sourced from their tech.
A Disturbing Chain of Technologies&nbsp;
<img src="https://r2.myc.my/20b4c74fa3585f420e87d4eaeb5f4466b8da99663f9a388956ceb0ca710cf150" />
Facial recognition technology has been impressively accurate for a while, and I-XRAY simply chains together multiple existing tools. One key component is PimEyes, an &ldquo;alarmingly accurate&rdquo; face search engine described by The New York Times in 2022. Privacy concerns around this tech have been rising ever since Clearview AI started using facial recognition to assist law enforcement. But what sets Nguyen and Ardayfio&rsquo;s project apart is how seamlessly it pairs with consumer gadgets&mdash;smart glasses that are discreet and widely accessible.
Nguyen and Ardayfio stress that the purpose of their project is to raise awareness. They make it clear that I-XRAY was not built for misuse and will not be released. Instead, their goal is to emphasize that this isn&rsquo;t some futuristic dystopia&mdash;it&rsquo;s happening now. The critical factor enabling this tech? Large language models (LLMs) that can autonomously connect names and faces from enormous data sources.
The Privacy Dilemma of Modern Smart Glasses&nbsp;
<img src="https://r2.myc.my/28c337b96e595b92173398d678188727b9e5ed9506a4e20724770cbb78c63683" />Left: Google Glass ; Right: Ray Ban Meta Glasses
Privacy concerns with smart glasses are nothing new. Google Glass faced significant backlash years ago for its ability to record without consent, leading to its eventual failure. But today, people have grown accustomed to being filmed, largely thanks to smartphones, social media influencers, and TikTok.
What&rsquo;s unsettling about the Ray-Ban Meta glasses used in this demo is how they blend in. They look like any regular pair of Ray-Bans. This helps smart glasses blend into everyday life but makes it difficult for others to notice when they&rsquo;re being filmed. While the glasses do have a privacy light that turns on when recording, it's often too subtle to catch in bright daylight or crowded environments.
Meta Responds &amp; Protecting Your Digital Footprint&nbsp;
<img src="https://r2.myc.my/9d0d381fb74c83434bde570a6549624f98e785f67942201372f9b239538a2fb4" />
Meta, for its part, warns against unethical behaviour in its privacy policy for Ray-Bans. The company encourages users to respect others' preferences, suggesting they use clear gestures or voice commands when capturing video or livestreaming. But as with any technology, there&rsquo;s no guarantee everyone will follow the rules. In response to inquiries, Meta&rsquo;s spokesperson Dave Arnold reiterated these guidelines by quoting the company&rsquo;s terms of service.
This demonstration is a stark reminder of how smart glasses can be misused. However, there are steps you can take to protect your privacy. Nguyen and Ardayfio point out that some reverse face search engines and people-search databases allow users to opt-out. Even so, completely deleting your digital presence is nearly impossible&mdash;you can only limit the availability of your information.
Having witnessed the capabilities of these glasses&mdash;and technology as a whole&mdash;it&rsquo;s crucial for us to exercise caution regarding what we share on social media. This is particularly important when disclosing personal details or including common geolocations in our posts. Protecting our privacy has never been more vital, and being mindful of our digital footprint can help safeguard our personal information from unwanted exposure.
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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If you thought AR Glasses were cool, you’ll probably think twice now. 

fc03e20d26422525f1f31902901c5d1d0ac205b11a9ed2a3c241a33c93536175

College Students Use Meta Glasses To Highlight Privacy Risks With Real-Time Doxing

For both working adults and students, it's common knowledge that when we fall ill, we&rsquo;re required to submit a medical certificate (MC) as proof from a medical professional that we&rsquo;re unfit for physical activities.
Typically, an MC allows employees to apply for leave and recover at home. However, in Malaysia, some individuals misuse this by submitting fake medical certificates, which can lead to serious consequences. For example, a saleswoman was fined RM700 for using a fraudulent MC at a shopping centre in Jalan Cheras.
M&rsquo;sian Shares Sick Leave Experience While Working In Japan
<blockquote class="tiktok-embed" style="max-width: 605px; min-width: 325px;" cite="https://www.tiktok.com/@asraffjeffery/video/7420057749972684050" data-video-id="7420057749972684050">
<section><a title="@asraffjeffery" href="https://www.tiktok.com/@asraffjeffery?refer=embed" target="_blank" rel="noopener">@asraffjeffery</a>
Pengalaman saya kerja di Jepun dulu,pernah sakit tapi takda MC. Bahkan, orang tak tahu pun MC apa.
<a title="♬ original sound - Asraff Jeffery" href="https://www.tiktok.com/music/original-sound-Asraff-Jeffery-7420057788024654608?refer=embed" target="_blank" rel="noopener">♬ original sound - Asraff Jeffery</a></section>
</blockquote>

<script async="" src="https://www.tiktok.com/embed.js"></script>

Recently, TikTok user Asraff Jeffery (@asraffjeffery) posted a video detailing his experience working in Fukuoka, Japan. In the video, Asraff explained how one day he began experiencing severe pain in his salivary glands, similar to mumps, which made him uncomfortable and unable to attend work. His employer insisted he seek medical treatment at a hospital, so he consulted a specialist and received medication.
However, when Asraff asked for a medical certificate (MC) to excuse him from work, the doctor appeared confused and disregarded his request. Hoping for better luck, he visited a pharmacy, but the staff there had the same reaction. "I showed them the prescription the doctor gave me and asked the pharmacist about the MC. He had no idea what I was talking about," Asraff explained.
Japan Doesn&rsquo;t Practice The MC Culture
<img src="https://r2.myc.my/ce66bd99cccd76f4780502370d3a583437ad1ad97d5eadacc8e975fe827e9856" />
The following day, when Asraff returned to work, he asked his boss about the proper procedure since he had missed the previous day due to illness. His employer simply told him that all he needed was to take a day off&mdash;no documentation was required since he was genuinely sick.
&ldquo;There is no MC culture in Japan. I remember when I was working near Shah Alam and had a stomach ache, I went to a clinic in the area," he recalled.
He also expressed shock at the experience he had at the clinic, where the doctor didn&rsquo;t even examine him and immediately asked how many days of MC he needed. "The 'selling of MC' culture in Malaysia is really &lsquo;kaw-kaw&rsquo;," Asraff remarked, still surprised at the doctor's question.
In closing, Asraff took the opportunity to remind others, especially those working in Malaysia, not to falsify or purchase medical certificates, as doing so could diminish one's blessings.
Netizens Also Share Their Experience Of Having Their Sick Leaves Unapproved 
Scrolling through the comments section, many netizens echoed similar sentiments, noting that people in Japan tend to be highly disciplined, with little to no instances of employees attempting to forge sick leave. One user shared a personal experience where their HR department denied their sick leave after they caught a cold during the Covid-19 pandemic. Just two days later, the entire office was infected, forcing the company to shut down for a week.
In contrast, some Malaysians were criticized for not being entirely honest when applying for sick leave. Many lamented that this lack of "honesty" was one of the key cultural differences between Malaysia and Japan. Several comments pointed out the stark contrast in attitudes, with some even asking which clinic was selling fake MC slips, highlighting the issue of forgery in Malaysia.
Here&rsquo;s some of the comments:
<img src="https://r2.myc.my/d5ec71bcde3e74500ba6b7326b8613dd0c416a5f1ed2a7dbef4dcc1346302048" />
If you're tempted to get a fake MC just to take a day off, remember that falsifying medical certificates is illegal. Offenders can be prosecuted under Section 420 of the Penal Code, facing up to 10 years in prison, whipping, and fines. So if you're genuinely unwell, take care of yourself&mdash;and always be honest with your employer.
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Sadly, in Malaysia, the issue of fake MCs has led to a lack of trust in the workplace.

47380e531883b03a5f178d500ffd8fc77e07a3edfab81c3425d5eecbc584be94

M’sian Shares Experience Of Not Needing To Submit MC While Working In Japan

On Monday, Malaysians were informed that anyone wishing to access the MyJPJ App would need to register for the new MyDigital ID.
Read: <a href="https://myc.my/articles/3818/msians-must-use-mydigital-id-to-access-myjpj-app-starting-10-october">M'sians Must Use MyDigital ID To Access MyJPJ App Starting 10 October</a>
Users who recently accessed their MyJPJ app received a notification indicating that, starting October 10, they will need to create a MyDigital ID account to log in. The MyDigital ID app aims to serve as a secure authentication method, simplifying access to various government digital services while bolstering the security of online transactions, as the country moves towards greater digitalization across multiple sectors.
Plus, the MyDigital ID can also be used for a variety of things:
<ul>
<li>Open an account without having to be physically present at the bank to prove your identity.</li>
<li>Conduct consultations with doctors and obtain prescriptions for medicines online through access to health records.</li>
<li>Perform real estate rental transactions.</li>
<li>Vote online.</li>
<li>E-learning.</li>
</ul>
MyDigital ID Requirements Revoked
<img src="https://r2.myc.my/147e308f404c763a843a7563229ddca7d3a0ee78ad18814720ebeb4d84309a84" />
In a swift response just two days after the announcement, Transport Minister Anthony Loke addressed concerns regarding the MyJPJ application, assuring users that they can continue utilizing the app without the necessity of logging in with a MyDigital ID account, even beyond the previously set deadline of October 10.
During a press conference held on Wednesday, October 2, Loke clarified that the pop-up notification prompting users to create a MyDigital ID account was not an official mandate. "I have ordered for the pop-up to be removed immediately as there has been no decision on it yet by the ministry," he stated, emphasizing his commitment to user convenience.
Loke also revealed that he had met with personnel from MyDigital ID after the Cabinet meeting, highlighting the collaborative efforts between the two entities. "We support integration efforts between MyDigital ID and MyJPJ, but it has to be done seamlessly," he affirmed. He further explained that the previously announced October 10 deadline has been cancelled, acknowledging the frustrations expressed by netizens regarding the recent changes.
In addition, he reassured users that the backend integration between the applications will be implemented gradually. "There is no need to worry. You can still use the MyJPJ application after October 10. I have instructed JPJ to allow the public to continue using the application as usual," he assured, noting that the app currently boasts over 10.5 million active users.
Why The Sudden Change?
<img src="https://r2.myc.my/0c79329fbdad09292ba0b36ea6eabdcda89f2a4df61b538d8b679670afe1664f" />
This announcement follows a wave of frustration among Malaysians on social media, who voiced their concerns about the requirement to install the MyDigital ID app for accessing MyJPJ. Users attempting to register for the MyDigital ID via the official app reported encountering error messages, prompting LifestyleTech to contact the MyDigital ID hotline, where a representative confirmed that the system is currently down due to the overwhelming number of users seeking new registrations.
Here&rsquo;s some of the comments:
<blockquote class="twitter-tweet" data-conversation="none">
I would go backward for this one
&mdash; The Affero (@aizzat) <a href="https://twitter.com/aizzat/status/1841198140961226924?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
Tadi register MyDigital ID, loading sangat slow, macam biasa network dibawah kelolaan kerajaan. Tak ready untuk high pressure traffic from different IP Addresses.
&mdash; wan | prubsn | whatsapp transfer (@nikuvekuniaki) <a href="https://twitter.com/nikuvekuniaki/status/1841122776729731364?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
<a href="https://twitter.com/anthonyloke?ref_src=twsrc%5Etfw">@anthonyloke</a> just bring back the physical roadtax &amp; license The growing number of apps required for registration is overwhelming, &amp; many citizens are becoming frustrated
&mdash; ManjitSingh G.S (@ManjitSinghG5) <a href="https://twitter.com/ManjitSinghG5/status/1841074552933347710?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Why are govt institutions always inconveniencing the public with all these apps &amp; requiring us to register for so many things? Your app is not even working properly!
&mdash; Annoyed Malaysian 🇲🇾 (@annoyedmsian) <a href="https://twitter.com/annoyedmsian/status/1841057563888222482?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
If you lose your phone you will lose everything. Thses apps need to be updated which sometimes means that if phone system is outdated we must buy a new phone. It is hard for older people too.
&mdash; Rehanah (@rehanahbhathal) <a href="https://twitter.com/rehanahbhathal/status/1841151808229818709?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
<a href="https://twitter.com/hashtag/mydigitalid?src=hash&amp;ref_src=twsrc%5Etfw">#mydigitalid</a> <a href="https://t.co/rCwduyyR1w">pic.twitter.com/rCwduyyR1w</a>
&mdash; jatforshort (@jatsuislalune) <a href="https://twitter.com/jatsuislalune/status/1841339096985424007?ref_src=twsrc%5Etfw">October 2, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet">
MyDigital ID registration yang sangat tak seamless. Nak guna myJPJ lepas ni kena ada mydigital ID. Bila nak register, jadi mcm ni. What is this? <a href="https://t.co/Mknt103RFy">pic.twitter.com/Mknt103RFy</a>
&mdash; Akmal Salleh (@theakmalsalleh) <a href="https://twitter.com/theakmalsalleh/status/1841263978011611262?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

It&rsquo;s clear that if the government aims to roll out new initiatives, thorough pilot testing of applications is essential before making them mandatory for users. Additionally, a fresh update to the app's UX/UI design is necessary, ensuring it reflects contemporary standards rather than appearing reminiscent of the 90s.
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Users can keep logging in as normal, while the MyDigital ID integration will be introduced gradually.

2a6d4a14bfc074ad89e8182f6d73f3c288fde804fbc9385546d3015c3476e1d4

Transport Ministry Cancels Mandatory MyDigital ID Login For MyJPJ App

MY Token, a groundbreaking blockchain and Web3 event, recently made waves as it launched in Kuala Lumpur, positioning Malaysia as a rising tech hub in Asia. Held at KL Base on September 14-15, the event brought together prominent figures in the blockchain industry, combining technology, education, and entertainment in a unique two-day experience.
Endorsed by Tourism Malaysia and the Malaysia Digital Economy Corporation (MDEC), the event highlighted Malaysia's growing influence in the blockchain ecosystem. It kicked off just ahead of Malaysia Day, with key figures like Nor Maizatul Azta bt Sanip from the Malaysian Science and Technology Information Centre, Dr. Shahril Baharim from the Ministry of Tourism, Arts &amp; Culture, and Zuraini Ahmad from the National Assembly, attending the opening ceremony.
Dubbed as the region's premier blockchain event, MY Token aimed to accelerate Malaysia&rsquo;s role in the global digital economy. Entrepreneurs, developers, investors, and tech enthusiasts from around the world came together to explore Malaysia's potential in the rapidly expanding Web3 space.
<img src="https://r2.myc.my/58a5870a95072280b085ef126dc9fe0a43437d8b1de3884d8ee437d28517fa47" /> Sangeet Singh, Co-Founder of MY Token, delivering the welcome speech at the opening ceremony of MY Token 2024.
"MY Token was founded to drive both economic growth and tourism by attracting major Web3 brands and providing opportunities for Web2 talents to transition into Web3," said Sangeet Singh, MY Token's co-founder. "It&rsquo;s a place where the brightest minds come together to shape the future of technology. Our mission is to fast-track blockchain adoption across the region and establish Malaysia as a key player in the global digital transformation."
A Global Blockchain Gathering
The event's international appeal was undeniable, drawing industry giants like Yat Siu, Chairman and Co-Founder of Animoca Brands, and Mohamed Ezeldin, Head of Tokenomics at Animoca Brands and ApeCoin DAO Special Council.
<img src="https://r2.myc.my/33d393579857bbb3b3ed99503e797e4ae7031e181c79cb1656b9535b60f90d3a" /> Mohamed Ezeldin, ApeCoin DAO Special Council and Head of Tokenomics at @animocabrands, presenting insights into the growing ApeCoin ecosystem at MY Token 2024.
&ldquo;We&rsquo;re thrilled to have been part of MY Token 2024, the first government-backed Web3 conference in Malaysia," said Mohamed Ezeldin. "Blockchain represents an evolution in how we engage, exchange value, and empower economies like Malaysia to grow faster. Partnering with government entities through MY Token lays the groundwork for a thriving blockchain ecosystem in Malaysia and the region."
Spencer Soloway, Vice President of Ecosystem Growth at Horizen Labs, echoed the sentiment: &ldquo;MY Token offered a unique opportunity to bring together builders, developers, investors, and policymakers, creating a space where the future of blockchain is shaped through collaboration.&rdquo;
Adding to the event's prestige, MY Token appointed Web3 Ambassadors from across Asia, including Forbes 30 Under 30 honorees Evan Luthra and Renz Chong, who shared their insights on the future of blockchain in the region. The event also unveiled Miss Aisha, MY Token&rsquo;s first AI ambassador, marking a significant step in Malaysia's AI innovation and talent development.
Nurturing Innovation and Local Talent
<img src="https://r2.myc.my/1b02845847eec4576017def69b28d27d3afcbd236d5fba09647ffab0a5ebf486" /> Web3 Ambassadors and their tokens of appreciation alongside event presenters, celebrating their contributions to the blockchain and Web3 space at MY Token 2024.
One of the event's key highlights was the Lightning Pitch sessions, where startups pitched their innovative ideas to venture capitalists and government delegates, sparking potential collaborations and investment opportunities. The sessions showcased cutting-edge ideas that could propel growth in the blockchain space.
In a commitment to fostering the next generation of digital innovators, MY Token opened its doors to over 600 students from nine universities, offering them free access to the event. This initiative aimed to equip students with essential skills in blockchain and Web3 technologies, preparing them to lead the industry&rsquo;s future.
A Blend of Technology and Entertainment
The event also featured interactive activities, such as a Play-to-Earn scavenger hunt with rewards including hot air balloon rides and prizes up to RM500,000. A dedicated gaming zone, hands-on workshops, and panel discussions gave attendees the chance to explore the latest trends in blockchain, DeFi, DePin, and NFTs, with participation from leading companies like Matr1x, Mocaverse, and Real Protocol.
Capping off the event was a lively music festival under the sub-IP "To The Moon," blending technology with entertainment and drawing global visitors. The festival, supported by local bodies, featured performances from local DJs, delectable Asian cuisine, and a spectacular fireworks display.
The Road Ahead for MY Token
With overwhelmingly positive feedback, MY Token is already looking ahead to its next event, planned for June 2025. The team promises even more innovations and experiences, aiming to further cement Malaysia's role in the global blockchain community. Stay tuned for updates at <a href="http://www.mytokenasia.com">www.mytokenasia.com</a>.
MY Token is more than just an event&mdash;it&rsquo;s a platform where technology, innovation, and global collaboration come together to shape the future.
&nbsp;
&nbsp;
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Empowering local talent to drive Malaysia’s digital economy forward.

5b290857f3b7bda67e1750d2be7a7cf762cca835cb993900e38bf6074abd837c

MY Token Set To Revolutionise Malaysia’s Blockchain & Web3 Landscape!

For many Malaysians pursuing higher education, you may be familiar with or have even borrowed from the National Higher Education Fund Corporation (PTPTN) to finance your studies.
Given the challenging economic conditions in recent years, it&rsquo;s been difficult for many Malaysians to make ends meet. However, those who have taken out PTPTN loans are still obligated to repay them. Unfortunately, a significant number of borrowers have failed to honour their repayments, causing the amount of unpaid debt to increase year after year.
430,000 M&rsquo;sians Have Not Repaid Their PTPTN Loans
<img src="https://r2.myc.my/454b6b62b168bb9bc9336bd8ce5373a2f2cbaa7dc21bbef57bd53a62c04aee3f" />
Higher Education Minister Datuk Seri Zambry Abd Kadir revealed that 430,000 borrowers have defaulted on their PTPTN loans, resulting in a staggering RM6 billion in unpaid debt. He expressed concern over the financial strain this has placed on PTPTN, attributing the issue to the irresponsible behaviour of some borrowers, many of whom have neglected to begin repayments years after graduating from university.
&ldquo;This is a category that hasn&rsquo;t cared from the first day they left (university), they haven&rsquo;t informed us of their situation, where they work, or how they intend to (make repayments),&rdquo; said Zambry.
PTPTN To Take Legal Action Against Defaulters
<img src="https://r2.myc.my/d5fd1ed65bb36171e7cadf04d86986108c47374509c717e91452b7af491bbd10" />
In response to the growing number of unpaid PTPTN loans, Zambry revealed that an in-depth discussion has begun at the cabinet level, which includes the possibility of taking legal action against the 430,000 defaulters. While the timeline and specific measures are still under consideration, PTPTN chairperson Datuk Seri Norliza Abdul Rahim will announce the details once finalized.
However, Zambry reassured that any decisions will take borrowers' circumstances into account. "We understand the (economic) situation, but I urge them to come forward (to PTPTN) and explain their circumstances. They must also have a moral responsibility because once they repay, the money will be used to help the next generation."
On a positive note, Zambry also announced that 26,534 students will receive a Loan Advance of RM1,500 each to support their entry into public higher education institutions for undergraduate studies starting next month.
What Happens If You Don&rsquo;t Repay Your PTPTN Loan?
<img src="https://r2.myc.my/144b82b569ad8ff6c00a6df8a8e9cad206a2faf5354a8fd54aa7ca0898afe37a" />
Failure to keep up with your PTPTN repayments could affect more than just your finances&mdash;it could ground your travel plans. PTPTN loan defaulters are prohibited from leaving the country, thanks to a collaboration with the Immigration Department of Malaysia. If you have overdue payments, PTPTN will notify the Immigration Department, and you&rsquo;ll be blacklisted in their system.
The consequences are serious: you won&rsquo;t be able to travel abroad, renew your passport, or even apply for a new one.
PTPTN borrowers are advised to check for any overdue amount in their repayments and settle it or discuss it with PTPTN at least 7 days before their trip to avoid being detained at the airport for overdue payments.
According to PTPTN Chief Operating Officer, Mastura Mohd Khalid, some borrowers only realise that they are barred from travelling only when they are stopped at the airport&rsquo;s immigration counter and when asked to make a repayment, many are able to settle it on the spot.
If you have PTPTN loans, now is the time to start repaying or settling them to avoid being blacklisted from traveling abroad. On the bright side, PTPTN occasionally runs campaigns to assist borrowers with repayment, so be sure to keep an eye on their social media channels for any updates or opportunities. 
What are your thoughts on this? Let us know in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Loan defaulters, brace yourselves—legal action is on the horizon.

03fb4b66f9a02fe78d9cc14d10fbb6c448d52f3d967653b305dcd90ce90babde

PTPTN Faces RM6 Billion Loss As 430,000 Malaysians Default On Their Loans

It's well-known that among social media platforms, X (formerly Twitter) is a go-to favourite for getting quick and instant news updates. However, the downside is that the reliability of news sources can sometimes be questionable, and the credibility of those sharing or reposting the information should be carefully considered before spreading it.
Earlier, we discussed how the Malaysian government has introduced a licensing requirement for social media platforms in response to the rise of fake news and harmful content in the country. Additionally, there has been a surge in cybercrime, with scam ads appearing frequently and platforms offering insufficient responses.
Read: <a href="https://myc.my/articles/3662/mcmc-introduces-licensing-for-social-media-a-step-toward-combating-cyberbullying-and-online-scams">MCMC Introduces Licensing For Social Media: A Step Toward Combating Cyberbullying &amp; Online Scams?</a>
<img src="https://r2.myc.my/87c5dc6b888dd6869b5c6099770cfa6c5ec1a21613a7daa9d896c07fbc66fd37" />
Communications Minister Fahmi Fadzil also pointed out that social media platforms show differing levels of compliance with Malaysian law, with X ranking the lowest, adhering to only 25% of regulations.
However, the platform&rsquo;s issues extend beyond compliance, affecting not just local accounts but also international users.
Global X Hack Hijacks Accounts To Promote &lsquo;Meme Coin&rsquo;
Recently, the X accounts of several government agencies and news outlets, both local and international, were compromised in a hacking incident aimed at promoting a cryptocurrency token. The hackers appeared to have targeted several high-profile X accounts globally in an operation that took place around 2 AM on September 19.
Among the affected local accounts were the Employees Provident Fund (KWSP), the Election Commission (SPR), and Malaysia Gazette.
At the time of writing, all Malaysian accounts have been restored to normal.
<blockquote class="twitter-tweet">
Fuhh Malaysia dilaporkan terkena serangan siber ketika ini &amp; dilaporkan sekarang tersebar ke banyak media media di beberapa negara lain Fuh apa dah jadi 😳 <a href="https://t.co/OisQTfsea8">pic.twitter.com/OisQTfsea8</a>
&mdash; 🇲🇾 (@localrkyt) <a href="https://twitter.com/localrkyt/status/1836479713294065970?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
&nbsp;The X account of local news portal Malaysia Gazette was also compromised, with the hackers posting a message that read: &ldquo;THIS IS HACKED ACCOUNT! INTRODUCING $HACKED ON SOLANA. On each account we hack, we publish the token address so we pump it and make profits together.&rdquo; Similar messages appeared on other hacked accounts as well.
<blockquote class="twitter-tweet">
🚨 HACK ALERT: Major Twitter/X accounts have been compromised and are promoting a scam memecoin on <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@Solana</a>. Be cautious! <a href="https://t.co/Nsl8mEAiw9">pic.twitter.com/Nsl8mEAiw9</a>
&mdash; SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1836477291947528681?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

So, What Actually Happened?
<img src="https://r2.myc.my/1765ba9e642bbb3cc2b03dd8ea9c6d5ac4e4ed17727d61121f1a0614c9e2c098" />
According to Decrypt, hackers attempted to promote a dubious meme coin called $HACKED in what&rsquo;s been labeled the "most incompetent hack of the year." As expected, the SOL token failed to gain much traction. $HACKED operates on the Solana blockchain, which supports SOL, the world&rsquo;s fifth-largest digital currency. Unlike major cryptocurrencies like Bitcoin and Ethereum, meme coins typically attract investors through lighthearted imagery rather than solid fundamentals.
Since the hack appeared to target only X (formerly Twitter) accounts, some speculate the hackers were focused on the platform rather than individual users or nations, likely as part of a crypto pump-and-dump scheme.
This event highlights the importance of using two-factor authentication (2FA) to secure online accounts.
Many criticized the operation, calling it an amateurish scam, and it remains unclear how much the hackers made. BleepingComputer reported that, when the hack was first detected, $HACKED had just 42 holders and a market cap of around $5,000. By the time the story was published, the number of holders had grown to 436, with the market cap rising to $166,175.57 (~RM 703,753.54)
Crypto investigator ZachXBT estimated that, despite the scale of the attack, the hackers likely only profited around $8,000 (~RM33,880).
<blockquote class="twitter-tweet">
Update: They removed liq for the meme coin and only made $8K off the scam 4UNwNiKMUHw1H8GnX6io5cgQmBLCQziXhPAGnBtS8nCWyCUft56SevnwdUNSB1CAtj7EprCSwPZwQJoZrRHBxGnA <a href="https://t.co/2AwV5WlLIF">pic.twitter.com/2AwV5WlLIF</a>
&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1836487053217083694?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Twitter Users Share Little Concern But Agree That The Hack Was Definitely Worthless 
While scrolling through the comments, many netizens shared their thoughts on the hack. Some Malaysians expressed concern about the frequency of cyberattacks targeting the country, especially with numerous reports of data breaches. Others speculated that the hack of Malaysian accounts might have occurred because the administrators lacked strong passwords or hadn&rsquo;t enabled two-factor authentication (2FA).
On the other hand, ZachXBT suggested that the hack could have happened because the accounts were linked to the same site or app, which had been granted permission to post. He also pointed out that scammers are constantly looking for ways to con users online, but in this case, the hack likely cost the hacker more than they earned&mdash;earning them the title of the &ldquo;most incompetent hacker of the year.&rdquo;
Here&rsquo;s some of the comments:
<blockquote class="twitter-tweet">
They probably spent 5-6 figures on the method so lost money lmao Strong contender for most incompetent hacker of the year
&mdash; ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1836487642889818407?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
Semoga situasinya segera teratasi dan dapat diatasi dengan cepat. Penting untuk tetap tenang dan waspada dalam menghadapi situasi seperti ini. Semoga masalahnya segera terselesaikan. 😳🌐
&mdash; lubna...🌼 (@lubnaaltaf12) <a href="https://twitter.com/lubnaaltaf12/status/1836619337118924892?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
sbb pakai password abc123
&mdash; Now FR (@fby_ly) <a href="https://twitter.com/fby_ly/status/1836560231654174731?ref_src=twsrc%5Etfw">September 19, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
genuinely confused how such big accounts can all the sudden get &ldquo;hacked&rdquo; simultaneously same as the sahil situation how did he just magically hack a bunch of celebs X accounts inside job or they&rsquo;re in on it no in between
&mdash; guap (@guap69420) <a href="https://twitter.com/guap69420/status/1836474354214842527?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
Somebody been sitting on these accounts for a while, or managed to get access to a site they were all somehow using. Impressive really, I gotta give them props for the coordination if nothing else 😅
&mdash; Plum (@Plumferno) <a href="https://twitter.com/Plumferno/status/1836478708284113125?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
It's like someone from inside X leaked the info, cuz these are all NOT connected. How else would the get a random group of usernames like this?
&mdash; DachshundWizard 🧙🏻&zwj;♂️ (@dachshundwizard) <a href="https://twitter.com/dachshundwizard/status/1836473657373397280?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<blockquote class="twitter-tweet" data-conversation="none">
wait&hellip; so you&rsquo;re telling me those weren&rsquo;t REAL??? I just lost $150K then 😭😭😭😭😭😭 lmao jk
&mdash; Booza (@BoozaBTC) <a href="https://twitter.com/BoozaBTC/status/1836473526733164994?ref_src=twsrc%5Etfw">September 18, 2024</a></blockquote>

<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Unless you're a crypto enthusiast, it's clear that the scam coin didn&rsquo;t gain much traction, and it's likely that the mastermind behind this scheme ended up losing a significant amount of money, hoping the hack would make the coin skyrocket. 
This incident highlights that investors are becoming more savvy and cautious when it comes to cryptocurrency. If you're seeking better returns, investing in stocks or gold might be a wiser choice, given their proven track records and long-term stability.
What are your thoughts on this? Let us know in the comments. 
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Despite targeting many accounts, the hack was unprofitable and labelled the "most incompetent of the year."

0be767d2407c4f2008c3512825ab735ceda5ec3775a3a582b43e680f02779ddc

#Hacked: M’sian Govt Agency Accounts & International Accounts Get Hijacked To Promote Crypto ‘Meme Coin’

Just a few days ago, Lee Thiam Wah, founder of 99 Speedmart, saw his fortune grow by an additional RM2 billion after successfully listing 99 Speedmart Retail Holdings Bhd at RM1.65 per share, solidifying his position as one of Malaysia&rsquo;s billionaires.
However, the success of the chain has sparked online discussions, with one netizen highlighting concerns over employees being underpaid despite working long hours. Reactions were mixed, with some defending the company, claiming that employee wages reflect the nature of their work, though offering limited career growth. Others, however, pointed out that the pay doesn't justify the long hours, with allegations that staff are not compensated for overtime or provided additional benefits.
99 Speedmart Defends &amp; Explains Company Compensation Structure
<img src="https://r2.myc.my/8ccefef4b9b7810f0d0a9ebcf1510f8ee1220fdf674c8efb7be15a47c6d56976" width="582" height="582" />
In a statement reported by NST, 99 Speedmart's Chief Operating Officer, Yong Eng Kwang, acknowledged that the minimarket sector operates under unique challenges and conditions.
He emphasized that the company fully complies with the Employment (Amendment) Act 2022, noting that as Malaysia&rsquo;s largest minimarket chain, 99 Speedmart ensures its wages meet legal standards. Yong also pointed out that wage comparisons with other industries should account for these differences.
Assuring compliance, he stated that 99 Speedmart adheres to the national minimum wage of RM1,500 per month, with the company actually paying above this amount. His remarks were in response to the viral controversy surrounding wage fairness and employee satisfaction, which gained attention after the founder&rsquo;s rise to billionaire status. The controversy included claims that a branch manager's average salary is RM2,387 per month.
Read: <a href="https://myc.my/articles/3783/netizens-debate-99-speedmart-branch-manager-wages-being-low-despite-their-boss-being-one-of-malaysias-billionaires">Netizens Debate 99 Speedmart Branch Manager Wages Being Low Despite Their Boss Being One Of Malaysia&rsquo;s Billionaires</a>
<img src="https://r2.myc.my/ebade072bb0397227f9664f8f1f79934a5ffdb93fe0ab2e9f1530e58a6710fdb" alt="" width="852" height="296" />
Yong clarified that, beyond the basic salary, 99 Speedmart provides employees with a comprehensive benefits package. This includes annual salary increases, year-end bonuses, access to panel clinics with reimbursable medical visits, career development and training opportunities, a free SIM card with 40GB of data and unlimited calls, as well as complimentary food vouchers.
Regarding working hours, he explained that stores operate from 10 a.m. to 10 p.m. and dismissed claims about the absence of overtime pay, affirming that staff are compensated according to agreements made between the employees and the company.
These are the overtime rates of employees:
&nbsp;
<ul>
<li>Normal Day (1.5x of their rate)</li>
<li>Rest Day (2x of their rate)</li>
<li>General Leave (3x of their rate)</li>
</ul>
&nbsp;
Yong explained that all employees are entitled to annual leave based on their years of service, as well as maternity, paternity, and Haj leaves, in accordance with legal guidelines. Additionally, they receive the standard EPF and SOCSO benefits. New mothers are granted the statutory 98 days of maternity leave, while fathers receive between 1 and 7 days of paternity leave, depending on their length of employment.
Addressing the online post about wages, Yong clarified that the quoted figures were from 2020 and do not reflect the current pay structure. He emphasized that long-serving branch managers now earn over RM4,000 per month, demonstrating the company&rsquo;s commitment to fair compensation for its employees' dedication and hard work.
&ldquo;We also understand the financial pressures many people are under these days, which is why we work tirelessly to keep our prices low, ensuring that essential goods remain affordable for everyone,&rdquo; Yong concluded.
Netizens Shared Their Thoughts On The Previous Post
In response to our previous post, many netizens shared their opinions on the pay situation in the comments section. While we agree that it's not fair to directly compare corporate salaries to those in the minimarket sector, the discussion has been eye-opening. Some netizens also raised an interesting point about implementing a balanced hiring ratio, suggesting that we should consider a better balance between hiring Malaysians and foreign workers, as seen in countries like Singapore.
Here's some of the comments:
<img src="https://r2.myc.my/faf4da4f7c934ad5e5c5d95a8e20b83ba5432bc7fd4f1d8b618c4574db494070" />
In light of everything, one common hope among Malaysians is for a lower cost of living. It&rsquo;s not that most of us are asking for high salaries; we&rsquo;re simply seeking fair compensation that reflects the current economic reality.
That being said, we do appreciate 99 Speedmart's efforts to keep prices affordable, ensuring that essential goods remain accessible to all Malaysians. We hope people will continue supporting the minimart, and it's important to remember that earning an honest living is always better than not earning anything at all.
What are your thoughts on this? Let us know in the comments.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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&nbsp;

The viral post quoted salaries from 2020 and does not reflect the updated pay structure and additional benefits currently provided.

a3b638bf4dabb2bc56e2475fab85619e6644fa597e582f6eca9cbe7814026dfb

99 Speedmart COO Addresses Viral Salary Controversy; Confirms Some Managers Now Earn Over RM4K

Many Malaysians dream of earning higher wages, and for some, that dream includes running a successful business chain.
On that note, the owner of 99 Speedmart, Lee Thiam Wah, recently saw his fortune grow by an additional RM2 billion, just one day after listing 99 Speedmart Retail Holdings Bhd at RM1.65 per share. This achievement has solidified his position among Malaysia's wealthiest individuals.
<img src="https://r2.myc.my/12bdda2f68ebd3a886f00c0c65818d9381ebcd54e3c456aa3887af8555794390" />
Following news of Lee Thiam Wah's growing wealth making headlines across Malaysia, discussions quickly surfaced around the wages offered to 99 Speedmart employees. Attention soon turned to branch managers, who reportedly earn an average monthly salary of just RM2,387.
The conversation gained traction after an X post highlighted the company&rsquo;s average salaries, sparking debates on wage fairness and employee satisfaction.
<blockquote class="twitter-tweet">
Billionaire tapi gaji untuk Branch Manager baru RM2,387. 😅😅😅 <a href="https://t.co/S2jP7BgTaB">https://t.co/S2jP7BgTaB</a> <a href="https://t.co/RCEATCAPak">pic.twitter.com/RCEATCAPak</a>
&mdash; aiamDeen (@aiamDeen) <a href="https://twitter.com/aiamDeen/status/1833449437903130680?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>

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The post included a screenshot, reportedly from the job site Indeed, revealing that cashiers earn RM1,694 and logistics associates receive RM2,236.
Netizens In Disbelief Over The Low Salaries
As comments flooded in online, many netizens expressed disbelief at the low wages offered by 99 Speedmart. They noted that branch managers, who shoulder substantial responsibilities, receive salaries comparable to office clerks, despite working long hours from 10 a.m. to 10 p.m. and occasionally handling cashier duties.
The discussion also touched on why many young people might prefer the gig economy, with options like Lalamove, Foodpanda, or Grab. The appeal of gig work lies in the potential for higher earnings, flexible hours, and immediate payment, contrasting sharply with the stress and rigidity of traditional employment.
Here's some of the comments:
<blockquote class="twitter-tweet" data-conversation="none">
Kalau dia offer gaji bermaruah, mungkin skrg belum jadi billionaire.
&mdash; Chief Hir 🇲🇾 🇵🇸 (@syahir7_Z) <a href="https://twitter.com/syahir7_Z/status/1833653329286906158?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Operator di kilang pun boleh dapat gaji basic dan ot lebih rm3k sebulan
&mdash; K.H Yon (@Kh_yonkhai) <a href="https://twitter.com/Kh_yonkhai/status/1833465750188921161?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Sbb tu dia billionaire..😂
&mdash; Abu Osman Wonda (@osman_EX5Hitam) <a href="https://twitter.com/osman_EX5Hitam/status/1833642791156781191?ref_src=twsrc%5Etfw">September 10, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Pembetulan. Billionaire SEBAB gaji branch manager baru RM2,387. 👍🏼
&mdash; Ismet Ulam Raja (@ismet_ulam) <a href="https://twitter.com/ismet_ulam/status/1833672802232373279?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Gila!! Manager gaji RM2.3K sebulan? Dah lah kerja mcm lembu cover banyak outlet. Dengan short manpower lagi. Kau kerja kilang.. normal operator pun basic boleh sampai RM3-3K.
&mdash; WhoamI? (@Iamraffffffff) <a href="https://twitter.com/Iamraffffffff/status/1833677416180707777?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote>

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<blockquote class="twitter-tweet" data-conversation="none">
Tgk ni Mydin branch Manager. Ok la jugaak <a href="https://t.co/KEjVfIJubm">pic.twitter.com/KEjVfIJubm</a>
&mdash; NotMyFault (@meIayuterakhir) <a href="https://twitter.com/meIayuterakhir/status/1833667676927119607?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote>

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Comparing Jobs &amp; Trade-Offs Of Gig Economy Jobs
<img src="https://r2.myc.my/24e31ed168f5e3e5d78ce29e3143f56a48ebd8f857ecbc3e352efe10be2a643f" />
While gig economy jobs are often praised for their potentially high payouts, they come with significant drawbacks, such as the lack of stable income and benefits like EPF and SOCSO. Additionally, workers face risks while on the road. Although longer hours can lead to higher earnings in gig work, these jobs are typically viewed as short-term solutions due to their lack of job security.
Despite criticisms from netizens about 99 Speedmart's wealth and employee wages, it's important to recognize the risks faced by business owners. They must contend with the uncertainties of entrepreneurship and the potential for business failure, which are part of the challenges of running a successful company.
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It's also important to note that advertised salaries often represent the base range and may not include additional benefits that can vary depending on qualifications, years of experience, and other factors.
When it comes to wages, one thing we can all agree on is that the cost of living has risen significantly. It&rsquo;s natural to wonder how we can manage to make ends meet with such low salaries.
Read: <a href="https://myc.my/articles/3410/brave-makcik-urges-anwar-ibrahim-to-tackle-high-cost-of-living-during-ramadan-bazaar-visit-in-perlis">Brave Makcik Urges Anwar Ibrahim To Tackle High Cost of Living During Ramadan bazaar Visit In Perlis</a>
Perhaps it&rsquo;s time for the government to take action and provide more support for Malaysians during these challenging times, or at the very least, update us on the long-awaited PADU system.
What are your thoughts on this? Let us know in the comments. 
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*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Let’s be real—are wages keeping up with the rising cost of living? We don’t think so.