Tag Archives: Money

Kim Kardashian Fined $1.26 Mil For Promoting Crypto!

Kim Kardashian Fined $1.26 Mil For Promoting Crypto!

Kim Kardashian just agreed to pay a $1.26 million fine for promoting cryptocurrency on Instagram! Here is what you need to know…

 

Kim Kardashian Fined $1.26 Million For Promoting Crypto!

On Monday, October 3, 2022, Kim Kardashian agreed to pay a $1.26 million fine for promoting the cryptocurrency, EthereumMax (not to be confused with Ethereum) on Instagram.

The Securities and Exchange Commission (SEC) charged that the reality TV star received $250,000 to advertise EthereumMax without disclosing she was paid to promote it.

She also agreed not to promote any crypto assets / securities for three years.

This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors.

We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.

– SEC Chair Gary Gensler

The settlement comprised of a $1 million fine, seizure of the $250,000 payment she received, plus interest, coming up to a total of $1.26 million.

Despite the large sum, the fine will not bother Kim Kardashian too much. With a net worth estimated at $1.8 billion, the $1.26 million fine is roughly equivalent to an $85 fine for a typical US family with a net worth of $122,000.

Her lawyers hinted as much in the statement they released :

Ms. Kardashian is pleased to have resolved this matter with the SEC.

Kardashian fully cooperated with the SEC from the very beginning and she remains willing to do whatever she can to assist the SEC in this matter.

She wanted to get this matter behind her to avoid a protracted dispute. The agreement she reached with the SEC allows her to do that so that she can move forward with her many different business pursuits.

As you can tell – the fine was more like dust in her eyes than a lesson to learn from. I doubt it even feels like a slap on her wrist.

 

How Kim Kardashian Got Into Trouble Promoting Crypto…

On June 13, 2021, Kim Kardashian promoted.a new cryptocurrency called EthereumMax (not to be confused with the famous and more established Ethereum) on Instagram.

Are you guys into crypto???? This is not financial advice but sharing what my friends told me about the Ethereum Max token!

A few minutes ago Ethereum Max burned 400 trillion tokens – literally 50% of their admin wallet giving back to the entire E-Max community.

#EMax #DisruptHistory #EthereumMax #WTFEMax #GIOPEmax @EthereumMax #Ad

Swipe up to join the E-Max Community

She had 225 million followers on Instagram at that time, and EthereumMax paid her $250,000 for that post.

Despite the misleadingly similar name, EthereumMax has no legal, business or technical connection to the far established Ethereum cryptocurrency.

In January 2022, Kim Kardashian, boxer Floyd Mayweather Jr, basketball player Paul Pierce and the creators of EthereumMax were sued by investors who alleged that the celebrities collaborated to “misleadingly promote and sell” the cryptocurrency in a “pump and dump” scheme.

In plain terms, EthereumMax’s entire business model relies on using constant marketing and promotional activities, often from ‘trusted’ celebrities, to dupe potential investors into trusting the financial opportunities.

The class action lawsuit filing pointed out that such promotion caused EthereumMax to increase more than 1,300% in value (the pump) before plummeting to “an all-time low” just over a month after Kim Kardashian promoted it.

It alleged that this enabled the defendants to sell EthereumMax tokens for “substantial profits” before the inevitable “dump” in value.

It is unknown how many investors were hurt, but after the initial celebrity-fuelled surge, EthereumMax quickly tanked and never recovered.

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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BNM : Banks To Stop Using SMS OTP To Fight Scams!

Bank Negara Malaysia has ordered banks to stop using SMS OTP, as a way to fight financial scams!

Here is what you need to know…

 

BNM : Banks To Stop Using SMS OTP To Fight Scams!

Bank Negara Malaysia (BNM) has ordered banks in Malaysia to stop using SMS OTP (One Time Passwords), and migrate to a more secure form of authentication for online transactions.

This move comes after many Malaysians were hit by scams that bypassed the security offered by SMS OTP, leading to great loss of their hard-earned money.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said major banks in Malaysia have already started migrating from SMS OTP to more secure forms of authentication.

 

BNM : More Measures Beyond SMS OTP To Fight Scams!

In addition to “banning” SMS OTP, BNM has ordered the further tightening of detection rules and triggers to block potential scams.

This includes adding a cooling-off period for first-time enrolments of online banking services, as well as devices being registered for authentication purposes.

Banks will also be required to set up dedicated scam hotlines, and provide convenient ways for customers to suspend their bank accounts if they suspect that those accounts have been compromised.

Banks also have to ensure that customers are able to reactivate their accounts after a reasonable period, after ensuring that their accounts have been secured.

Together with the financial industry, BNM will continue to ensure that banking and payment channels remain secure and equipped with the latest security controls. The effort to combat financial crimes also requires the support of all parties. As consumers, each of us are responsible for protecting ourselves from the threat of scams.

The reality, however, is that methods used by criminals will continue to evolve. BNM therefore continuously intensifies efforts and take steps to combat scams by introducing additional controls and safeguards from time to time.

– BNM governor Tan Sri Nor Shamsiah Mohd Yunus

Read more : Bank Negara Malaysia Email Scam Alert!

Despite these efforts, it is critical that we must all learn to safeguard our personal information and avoid downloading files or installing applications from unverified sources on our computer or smartphones.

We should also check our bank and credit card statements, and notify the banks once we notice anything suspicious.

Those who believe that they are victims of a scam should contact the Commercial Crime Investigation Department Scam Response Centre at 03-2610 1559/1599 or BNMTelelink at 1-300-88-5465; and lodge a police report to facilitate investigations.

 

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Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Maybank: New Secure2u Activations Only On MAE App

Maybank will only allow new Secure2u activations on their MAE app, instead of their Maybank2u app!

 

Maybank : New Secure2u Activations Only On MAE App

From 26 September 2022 onwards, Maybank will only allow new Secure2u activations on their MAE e-wallet app, instead of their Maybank2u banking app.

Secure2u is a mobile app-based authentication method for your banking transactions, which replaces the SMS TAC that is vulnerable to SIM swap attacks.

This change only affects new Secure2u activations. If you have already activated Secure2u on your Maybank2u banking app, then you can continue to use the Maybank2u app to approve your transactions as usual.

Maybank will also move two Amanah Saham National Berhad (ASNB) services from the Maybank2u app to the MAE app permanently, starting 7 October 2022.

  • View own and child’s account balance(s)
  • Make transfers to own account(s) via Favourites

This shifting of features is part of Maybank’s push to “encourage” its customers to switch to their MAE e-wallet app, and it plans to phase out the Maybank2u app eventually.

By moving customers to MAE, Maybank is hoping that they might start using its e-wallet feature, as well as reduce its need to develop and maintain two separate mobile apps.

 

12-Hour Activation Delay For Secure2u In MAE

To further strengthen the appeal of the MAE app, Maybank is going to boost the security of its Secure2u feature.

Starting 8 October 2022, the Secure2u feature in the MAE app will be enhanced with a 12-hour activation period to prevent unauthorised activations.

Those who activate Secure2u in MAE on a new device will need to wait at least 12 hours, before they can begin using the Secure2u feature to authenticate any transaction.

The idea is to give the account owner at least 12 hours to detect any potential fraudulent attempt to activate Secure2u on unauthorised devices.

 

How To Set Up Secure2u In MAE

Setting up Secure2u in the MAE app is straightforward :

  1. Install the MAE app from the Apple App Store, Google Play Store, or HUAWEI AppGallery.
  2. Launch the MAE app, and tap More.
  3. Tap on Settings at the top of the screen.
  4. Tap on Maybank2u and log into your Maybank account.
  5. Tap the toggle button next to Secure2u to enable it.
  6. Tap on Activate Now.
  7. Key in and confirm your mobile number.
  8. Maybank will send a One-Time Password (OTP) to you via SMS.
  9. Key in the OTP number and confirm your device name to authorise the change.

That’s it! Then you just need to use your MAE app (instead of SMS TAC) to authenticate your future banking transactions on Maybank.

 

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Support my work through a bank transfer /  PayPal / credit card!

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Apple Pay Setup Guide : How To Register Your Cards!

Now that Apple Pay is available in Malaysia, here is my guide on how to set it up with your debit / credit card!

 

Apple Pay Is Now Available In Malaysia!

Apple Pay was first launched way back in September 2014, together with the iPhone 6 and iPhone 6 Plus. However, its global availability was slow and some would say, tortuous.

For years, Apple fans in Malaysia have requested for Apple Pay to be introduced in Malaysia, and could only look at Singapore in envy, when Apple Pay was introduced there more than six years ago in April 2016!

But the wait is over! The steady drip of leaks has finally culminated in actual confirmation that yes, Apple Pay is now available in Malaysia!

While this guide is based on credit cards in Malaysia, it will work in other countries too, as long as Apple Pay is supported.

 

Not All Banks Support Apple Pay

First of all, you must understand that not all banks support Apple Pay. Here in Malaysia, only three banks support Apple Pay at the moment.

Banks In Malaysia That Support Apple Pay

You will be able to register debit and credit cards issued by these banks :

  • AmBank
  • Maybank
  • Standard Chartered Bank

Banks In Malaysia That Do Not Support Apple Pay

You won’t be able to add debit or credit cards from these banks :

  • CIMB
  • Citibank
  • UOB
  • OCBC

I will update this article as and when I find out what other banks in Malaysia support, or don’t support, Apple Pay.

Read more : How To Add MySJ Vaccine Certificate To Apple Wallet + Health

 

How To Register Your Card In Apple Pay

To help you register your debit / credit card with Apple Pay, here is my step-by-step guide :

Step 1 : Open the Wallet app in your iPhone.

Step 2 : Tap on the Add button to “Add a credit or debit card to get started using Apple Pay”.

Step 3 : In the next screen, tap on the Continue button.

Step 4 : You will now be asked to “scan” your debit / credit card using your iPhone camera, positioning it within the frame.

Step 5 : The Wallet app will try to pick up important details of your credit card like :

  • Name
  • Credit card number
  • Expiry date

If nothing happens, that means it cannot read the details off the card. Then you will need to tap on the Enter Card Details Manually option at the bottom.

Step 6 : Whether your card details are detected or not, verify the key card details required by Apple Pay :

  • Name
  • Card Number
  • Expiry Date
  • Security Code

If the detected details are wrong, edit them to make sure they match your debit / credit card.

Step 7 : You will need to key in the Security Code, which is a 3-digit or 4-digit CSC (Card Security Code) / CVV (Card Verification Value) / CVC (Card Verification Code) usually printed on the back of your debit / credit card.

Step 8 : If your credit card is not supported, you will get a pop-up message saying :

Your Issuer Does Not Yet Offer Support for This Card

Ask your issuer if they offer cards that support Apple Pay.

If your card is supported, you will see a list of Terms and Conditions. You will need to tap on Agree to continue.

Step 9 : The screen show details of your credit card while the Wallet app sets it up for Apple Pay. Just wait for a few seconds.

Step 10 : You will now be asked to verify your card for Apple Pay, usually through Text Message. Tap Next to continue with the verification process.

Step 11 : You will receive an SMS with a 6-digit One Time Password (OTP). You need to key that in within 2 minutes :

Card enrolment OTP for your digital wallet is XXXXXX. It will expire after 2 mins. If you have not performed this, please contact the bank.

Step 12 : Tap Next after keying in the OTP, and you should see the Card Activated notice.

That’s it! Your credit card is now ready for Apple Pay. When you open your Wallet, you should see that debit / credit card listed.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Malaysia : Pay Hike + Cash For Civil Servants In 2023!

The Prime Minister of Malaysia just announced a special pay hike and cash aid for civil servants and retirees in 2023!

Here is what you need to know…

 

Malaysia : Pay Hike + Cash For Civil Servants In 2023!

On 30 August 2022, the Prime Minister of Malaysia, Ismail Sabri Yaakob, announced a special pay hike, as well as cash aid, for civil servants and retirees in 2023.

The package of special pay hikes and cash aid will consist of:

  • extra RM 100 pay hike for Grades 11 to 59, in addition to the basic annual pay raise.
    For example, the annual pay raise for a Grade 11 civil servant is RM 80. That civil servant will now receive RM 100 + RM 80 = RM 180.
  • RM 700 cash aid for Grades 56 and below.
  • RM 350 cash aid for government retirees and veterans without pension.

These special pay hikes and cash aid will be paid out in January 2023, the Prime Minister announced at the 18th Civil Service Premier Gathering (MAPPA XVIII).

The special pay hike alone will cover 1.28 million civil servants, and cost the Malaysian government and taxpayers RM 1.5 billion (about US$334.5 million).

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Apple Pay Is Now Available In Malaysia!

Apple did not announce anything official, but Apple Pay is now available in Malaysia!

Here is what you need to know, and how you can start using Apple Pay in Malaysia!

 

Apple Pay Is Now Available In Malaysia!

Apple Pay was first launched way back in September 2014, together with the iPhone 6 and iPhone 6 Plus. However, its global availability was slow and some would say, tortuous.

For years, Apple fans in Malaysia have requested for Apple Pay to be introduced in Malaysia, and could only look at Singapore in envy, when Apple Pay was introduced there more than six years ago in April 2016!

But the wait is over! The steady drip of leaks has finally culminated in actual confirmation that yes, Apple Pay is now available in Malaysia!

Apple did not announce anything, but you can now add your debit / credit cards to Apple Pay and start using it in Malaysia!

This makes Malaysia only the second country in Southeast Asia to support Apple Pay. The first was Singapore in April 2016.

Malaysia is also only the 10th territory in Asia to support Apple Pay, after Australia, China, Hong Kong, Macau, Taiwan, Japan, Kazakhstan, New Zealand and Singapore.

 

What Banks Currently Support Apple Pay In Malaysia?

Right off the bat, I have to warn you that support for Apple Pay is still pretty limited in Malaysia, to just three banks as far as I can tell.

Banks In Malaysia That Support Apple Pay

You will be able to register debit and credit cards issued by these banks :

  • AmBank
  • Maybank
  • Standard Chartered Bank

Banks In Malaysia That Do Not Support Apple Pay

You won’t be able to add debit or credit cards from these banks :

  • CIMB
  • Citibank
  • UOB
  • OCBC

I will update this article as and when I find out what other banks in Malaysia support, or don’t support, Apple Pay.

Read more : How To Add MySJ Vaccine Certificate To Apple Wallet + Health

 

How To Register Apple Pay In Malaysia?

To help you register your debit / credit card with Apple Pay, here is my step-by-step guide :

Step 1 : Open the Wallet app in your iPhone.

Step 2 : Tap on the Add button to “Add a credit or debit card to get started using Apple Pay”.

Step 3 : In the next screen, tap on the Continue button.

Step 4 : You will now be asked to “scan” your debit / credit card using your iPhone camera, positioning it within the frame.

Step 5 : The Wallet app will try to pick up important details of your credit card like :

  • Name
  • Credit card number
  • Expiry date

If nothing happens, that means it cannot read the details off the card. Then you will need to tap on the Enter Card Details Manually option at the bottom.

Step 6 : Whether your card details are detected or not, verify the key card details required by Apple Pay :

  • Name
  • Card Number
  • Expiry Date
  • Security Code

If the detected details are wrong, edit them to make sure they match your debit / credit card.

Step 7 : You will need to key in the Security Code, which is a 3-digit or 4-digit CSC (Card Security Code) / CVV (Card Verification Value) / CVC (Card Verification Code) usually printed on the back of your debit / credit card.

Step 8 : If your credit card is not supported, you will get a pop-up message saying :

Your Issuer Does Not Yet Offer Support for This Card

Ask your issuer if they offer cards that support Apple Pay.

If your card is supported, you will see a list of Terms and Conditions. You will need to tap on Agree to continue.

Step 9 : The screen show details of your credit card while the Wallet app sets it up for Apple Pay. Just wait for a few seconds.

Step 10 : You will now be asked to verify your card for Apple Pay, usually through Text Message. Tap Next to continue with the verification process.

Step 11 : You will receive an SMS with a 6-digit One Time Password (OTP). You need to key that in within 2 minutes :

Card enrolment OTP for your digital wallet is XXXXXX. It will expire after 2 mins. If you have not performed this, please contact the bank.

Step 12 : Tap Next after keying in the OTP, and you should see the Card Activated notice.

That’s it! Your credit card is now ready for Apple Pay. When you open your Wallet, you should see that debit / credit card listed.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Confirmed : Apple Pay Is Launching Soon In Malaysia!

Multiple leaks confirm that Apple Pay is launching soon in Malaysia! Here is what you need to know…

 

Leaks Confirm Apple Pay Is Launching Soon In Malaysia!

Multiple leaks have more or less let the cat out of the bag – that Apple Pay is launching soon in Malaysia!

This would make Malaysia the second country in Southeast Asia to support Apple Pay, and the 10th territory in Asia, after Australia, China, Hong Kong, Macau, Taiwan, Japan, Kazakhstan, New Zealand and Singapore.

AmBank Sent Apple Pay SMS

The first to leak was AmBank, when they sent out an SMS to their customers in July 2022, prematurely telling them that they can now use Apple Pay.

It appeared to have been a test run that ran awry, as their Apple Pay website was not yet ready. But it alerted everyone to the fact that Apple Pay is coming to Malaysia.

Shopee Added Apple Pay As Payment Option

The second to leak was Shopee, which released an Apple Pay option in version 2.91.28 of their app on 2 August 2022.

If you tap on it, you will simply be asked to “ensure there’s an active card in your Apple Pay wallet to proceed“.

Of course, you can’t actually add any credit / debit card to your Apple Pay wallet yet, but you can see that it is listed as a payment option.

Maxis Accidentally Promotes Apple Pay As Payment Option

On 5 August 2022, a Maxis Centre accidentally put out a cardboard sign announcing “Apple Pay accepted here“.

The tweet was deleted by its poster, but the cardboard sign was traced to the Sri Muda Maxis Centre in Shah Alam.

sorry guys had to delete the tweets atas permintaan pihak tertentu. but don’t worry cuz apple pay is coming soon to Malaysia!

AmBank Released Their Apple Pay Portal!

On 8 August 2022, AmBank (accidentally?) released their Apple Pay portal, confirming that the contactless payment system is ready to launch in Malaysia!

The AmBank Apple Pay portal has now been removed, but here are some of the details it revealed :

  • There is no transaction limit for Apple Pay, as opposed to a transaction limit of RM250 per purchase, with a RM750 daily limit, for other contactless payment platforms.
  • There is also no transaction limit for online purchases using Apple Pay through your iPhone, iPad or Mac computer.
  • AmBank also offered some promotions, including cash back for the first purchase using Apple Pay.
  • There were two unlisted YouTube videos (now removed) showing how to pay for your purchases using Apple Pay. Basically:
    a) Look for the Apple Pay and EMV contactless payment logos at the retailer
    b) Simply tap your iPhone or Apple Watch on the credit card terminal to pay
    c) Use either Face ID, Touch ID or your passcode to verify the payment

 

Apple Pay Is Now Available In Malaysia!

You would have thought that AmBank would have learned from their July 2022 SMS mistake, but no… they didn’t.

Then again, they may have “accidentally” leaked the Apple Pay website to drum up some hype ahead of the official launch.

These “accidents” have a habit of happening…

In any case, Apple Pay is now available in Malaysia, even though there was no official launch!

Read more : Apple Pay Is Now Available In Malaysia!

Most likely, Apple will roll it out in Malaysia with the next iOS update – probably iOS 15.6.1.

Currently iOS 15.6 does not support Apple Pay in Malaysia. When you try to add a debit / credit card to the Wallet app, you get this pop-up :

To add cards, keys, tickets and passes to Wallet, look for the Add to Wallet button in apps, emails and websites.

Until Apple adds this functionality through an iOS update for Malaysia, there is simply no way to add any card to the Wallet app.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Maybank MAE + M2U Apps Running Again After Going Down!

Maybank just announced that their MAE and M2U mobile banking apps are now up and running, after going down for several hours!

Here is what you need to know…

 

Maybank MAE + M2U Mobile Apps Down!

On the morning of 25 July 2022, the MAE and M2U mobile apps went down, which Maybank confirmed.

As it so happened, both apps failed on the 25th of the month, which is when Malaysian civil servants and many other employees receive their pay.

That led to a lot of complaints, as people could not transfer the funds using the apps.

Fortunately, the Maybank website itself was operational, so users were advised to access the Maybank2U website using their web browser instead.

#MBBAlert Dear valued customers,

Kindly be informed that you may perform your banking services on Maybank2u web. We are currently experiencing intermittent slowness on our MAE and M2U MY apps.

Our sincere apologies for the inconvenience caused and we are working to resolve the matter as soon as possible. Thank you for your patience and continuous support.

Maybank did not reveal what was the reason both their M2U mobile banking app, and their MAE ewallet failed.

They finally resolved it several hours later, just before 2:30 PM.

#MBBAlert Dear valued customers,

Kindly be informed that all our services are back to normal and you may perform your banking transactions across our platforms.

Our sincere apologies for the inconvenience caused today. We thank you for your continued patience and support.

This isn’t the first time Maybank users had trouble with their banking services. On 17 January 2022, all of Maybank’s online and banking services went down!

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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No More Cash Payment At KKM Hospitals + Clinics!

Public hospitals and clinics under KKM will no longer accept cash payments starting 1 October 2022!

Here is what you need to know…

 

No More Cash Payment At KKM Hospitals + Clinics!

From 1 October 2022 onwards, public hospitals and clinics under the Malaysia Ministry of Health (KKM) will no longer accept cash payments.

They will only accept payments through e-payment methods like :

  • debit card
  • credit card
  • e-wallet

They will, however, accept cash payment if the customer has no other payment options, or a bank account.

KKM is aiming to achieve 95% cashless transactions by December 2022.

 

Why KKM Hospitals + Clinics Will No Longer Accept Cash Payments

This initiative to eliminate cash payments at KKM health facilities is part of the 2021 Malaysia Digital Economy Blueprint, which called for all federal and state agencies to prioritise cashless payments by the year 2022.

The 2021-2022 KKM Anti-Corruption Plan also called for cash payments to be eliminated at public hospitals and clinics.

The Malaysia Ministry of Health believes that eliminating cash payments at their health facilities will :

  • reduce the risk of leakage of public funds
  • increase efficiency by making payments at the counter faster, easier and safer
  • reduce the cost and work process of collecting payments
  • reduce the risk of COVID-19 infections through contactless payment

To that end, KKM had ordered the implementation of cashless payment systems at all health facilities back in June 2022, with full implementation starting 1 October 2022, targeting 95% cashless payments by December 2022.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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JPJ + PDRM 50% Discount Scam Alert!

Please be warned – the viral JPJ and PDRM 50% discount offer is a scam!

Find out what’s going on, and why it is just a scam!

 

The Viral JPJ + PDRM 50% Discount Scam

This message (with our English translation) has gone viral on WhatsApp, claiming that PDRM and JPJ are offering a 50% discount on summons until 20 July 2022.

Saman JPJ dan PDRM 50% Discount
50% Discount On JPJ And PDRM Summons

Rm300 = Rm150
Rm250 = RM125
Rm150 = Rm75
Rm100 = Rm50

Mahkahmah Court
Non- Compound
Blacklist
Accident
Rm350

Untuk semak saman jpj kene bayar Rm10 untuk satu no.ic
To check for JPJ summons, must pay RM10 for each identity card number

Promosi ini tanya sampai 20/7/2022
This promotion is only until 20 July 2022

For more information xxxxxx (WhatsApp) +60-11-xxxxxxx

Read more : PDRM + JPJ Traffic Offences : How To Get 80% Discount?

 

Why JPJ + PDRM 50% Discount Is A Scam!

Here are the reasons why this is yet another scam circulating on WhatsApp…

Fact #1 : There Is Currently No PDRM / JPJ Discount On Summons

First, let me just confirmed that there is currently no discount on PDRM or JPJ summons.

In the past, PDRM and JPJ offered PDRM + JPJ Traffic Offences : How To Get 80% Discount?, but that was long over – ending in December 2021.

If they actually introduced new discounts on summons, you can be certain that it would be announced on their official websites and social media accounts, and not spread by WhatsApp messages.

Fact #2 : PDRM Confirmed It’s Fake News

On 17 July 2022, PDRM confirmed that the viral WhatsApp message is fake. They are not offering any discount on summons.

PDRM secretary Datuk Noorsiah Mohd Saaduddin said the police are tracking down the individuals responsible for the fake advertisement, which offered up to 50 per cent discount on PDRM and the Road Transport Department (JPJ) summons.

Fact #3 : You Will Lose Money You Send These Scammers!

Needless to say – DO NOT send them money to pay your traffic summons at the “50% discount”.

Any money you send them will not go towards paying off your summons. It is a SCAM.

If you have money to spare, consider supporting my work here at Tech ARP instead.

Fact #4 : Checking JPJ + PDRM Summons Is FREE!

The scam does not just involve tricking you into sending them money. It also involves the RM 10 fee for checking your summonses.

Here is what you need to know – you can actually check your summonses for FREE!

So even if they don’t trick you into sending them the “discounted” fee for your summonses, they are still tricking you into paying them the RM 10 fee for doing something that is free.

Fact #5 : Viral Message Has Horrendous Grammar

An official announcement would not have such bad grammar. The scammer couldn’t even spell mahkamah (court) correctly!

If you see offers on WhatsApp or even social media (Facebook, Twitter) with bad grammar – they are probably scams.

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Will Scanning RFID Bar Codes Hack Your Phone?!

Will scanning an RFID bar code cause your phone to be hacked?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Scanning RFID Bar Codes Will Hack Your Phone!

This warning about an RFID bar code scam has gone viral on WhatsApp, and social media.

It claims that scammers are sending people RFID stickers, and asking them to scan the bar code.

Allegedly, scanning the RFID bar code will cause your phone to be hacked by these scammers!

They send the RFID to you. When you scan the bar code they hack your hp
It’s a scam

他们将 RFID 发送给您。 当您扫描条形码时,他们会入侵您
这是一个骗局

Mereka menghantar RFID kepada anda. Apabila anda mengimbas kod bar mereka menggodam anda
Ia satu penipuan ☠️👻💩😱😰

 

Truth : Scanning RFID Bar Codes Will NOT Hack Your Phone!

This is yet another example of FAKE NEWS circulating on WhatsApp and social media, and here are the reasons why…

Fact #1 : There Is No RFID Bar Code Scanning Scam

First of all – let me just say that there is no such thing as an RFID bar code scanning scam. No one can hack your phone just because you scan an RFID bar code.

The bar code is nothing more than a series of numbers, which you can readily see printed under the bar code. These numbers cannot possibly hack your phone / smartphone.

Fact #2 : RFID Bar Code Is Used To Register Sticker

The bar code visible in the clear window of the TNG RFID self-fitment kit is merely the serial number for the RFID sticker (also known as an RFID tag).

This serial number is used to register the RFID sticker, by scanning scan the bar code using the TNG eWallet mobile app.

All it does is link the RFID sticker to your TNG eWallet account, so that all toll charges are automatically deducted from that account.

Read more : TNG RFID Self-Fitment Guide : How To Do It Yourself

Fact #3 : There Are Easier + Cheaper Ways To Hack Your Phone

Truth be told – there are far easier and cheaper ways to hack your phone, than send you a free RFID sticker and ask you to scan the bar code.

These scammers will have to put in considerable expense and technical expertise into hacking the TNG eWallet app, and inserting their malware that the fake RFID number would trigger.

But why bother? If they can hack the TNG eWallet, they don’t even need to send you any fake RFID bar code to scan!

Making fake RFID stickers (tags) that look like genuine TNG RFID self-fitment kits costs money. Sending these fake kits also put them at risk, because deliveries can be traced.

There are many other ways to compromise your smartphone. There is simply no reason why scammers to waste time and money on such a convoluted scheme.

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Does Malaysia Have 2nd Most Debt In Asia, After Sri Lanka?!

Did the IMF warn Malaysia about having the second most national debt in Asia, after Sri Lanka?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Malaysia Has 2nd Most Debt In Asia, After Sri Lanka!

This post about IMF warning Malaysia about having the second most national debt in Asia, after Sri Lanka, has gone viral.

People are sharing it as a warning of how Malaysia could very soon descent into the economic chaos and misery affecting Sri Lanka.

International Monetary Fund (IMF) has warned that Malaysia is in a huge economic dilemma.

The second largest debt country in Asia after Sri Lanka is Malaysia.

Good Luck to Malaysian… [sic]

马民有福了😱😭

 

Truth : Malaysia Does Not Have 2nd Most Debt In Asia, After Sri Lanka!

This is yet another example of FAKE NEWS circulating on social media, and here are the reasons why…

Fact #1 : IMF Did Not Say Malaysia Is In Economic Trouble

The International Monetary Fund (IMF) did not warn that Malaysia is in huge economic trouble.

In April 2022, it warned that Asian nations, like the rest of the world, are at risk of stagflation from being battered by the war in Ukraine and the slowdown in China from COVID-19.

The region faces a stagflationary outlook, with growth being lower than previously expected, and inflation being higher.

Inflation is now expected to rise 3.2% this year, a full point higher than expected in January.

Despite the downgrade, Asia remains the world’s most dynamic region, and an important source of global growth.
– Anne-Marie Gulde-Wolf, acting director of IMF Asia and Pacific

Fact #2 : Malaysia Does Not Have Second Most Debt In Asia

The claim that Malaysia has the second highest national debt in Asia is also false.

On both the GDP percentage and per capita basis, Singapore has the second highest national debt in Asia, behind Japan. Even Sri Lanka has less debt, per capita or as a percentage of its GDP, than Singapore or Japan.

Malaysia has far less national debt than Sri Lanka as a percentage of its GDP, but twice the debt on a per capita basis.

Here is a comparison I created of countries with the highest national debt in Asia :

Country Year National Debt Debt
(% of GDP)
Debt Per Capita
Japan 2020 $13,054 billion 259% $103,386
Singapore 2021 $536 billion 132.8% $98,410
Sri Lanka 2020 $81.7 billion 101.2% $3,726
Mongolia 2021 $14.3 billion 94.7% $4,294
India 2020 $2,402 billion 90.1% $1,741
China 2020 $10,115 billion 68.1% $7,164
Malaysia 2021 $239 billion 63.4% $8,644
Philippines 2021 $226 billion 57.5% $2,055

Fact #3 : IMF Optimistic Malaysia Will Expand By 5.75% In 2022

In May 2022, the International Monetary Fund (IMF) actually announced that it is optimistic that Malaysia’s economy will expand by 5.75% in 2022, driven by pent-up domestic demand and continued strong external demand.

It also said that Malaysia’s high vaccination rates, and limited movement restrictions are supporting economic expansion.

Fact #4 : High Debt Is Not Necessarily Bad

While a high national debt is not ideal, it is not necessarily a bad thing either. It really depends on how much interest needs to be paid on the debt, and what the government is using it for.

Unlike individuals who will die eventually, the government of a country can last for hundreds of years. So governments do not have to pay back all of their debts within a certain amount of time.

As long as the government can keep paying interest on its debt, it can continue to borrow money to service deficits in its budget, or to invest in projects that grow the economy.

Fact #5 : How Governments Use Money Matters More

Just like how you can use borrowed money to invest in assets or splurge on liabilities, how the government uses the borrowed money matters more than how much it borrows.

If the government uses borrowed money to invest, that will spur growth that allows it to easily repay its debts while driving down the interest it pays.

But if the borrowed money is lost through corruption or wasteful projects, the government will find it harder to pay interest on the debt and may even default on payments.

Fact #6 : High Government Spending During Pandemic Is Expected

Practically every government in the world was forced to spend significantly more during the pandemic. Most run into large deficits during the pandemic because :

  • lockdowns reduce economic activity, reducing taxes
  • governments need to spend more on healthcare to combat COVID-19
  • governments cut taxes to support citizens and businesses
  • governments provide monetary support for citizens and businesses

This isn’t unique to Malaysia, but applies across the world. That’s why Malaysia’s national debt jumped significantly after January 2020.

Fact #7 : Malaysia Has Sufficient Foreign Reserves

Malaysia’s national debt increased from $228.7 billion in 2020, to $239 billion (RM 979.8 billion) in 2021 – an increase of about 4.5% year-on-year.

While this increase pushes Malaysia close to a national debt of 65% of its GDP, it is still much lower than many other countries.

More importantly, Bank Negara Malaysia reported international reserves of $116.9 billion as of 31 December 2021, which is enough to finance 7.7 months of retained imports, and is 20% higher than the total short-term external debt.

In other words, Malaysia is not anywhere close to collapsing economically, like what happened in Sri Lanka.

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He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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£20 + £50 Paper Pound Sterling Notes Set To Expire!

The Bank of England is reminding everyone that the £20 and £50 pound sterling paper notes will expire in less than 3 months!

Here is what you need to know…

 

£20 + £50 Paper Pound Sterling Notes Set To Expire!

The Bank of England is reminding everyone that they have less than 3 months to use or swap their £20 and £50 pound sterling paper notes, which will soon expire!

The £20 and £50 pound sterling paper notes can still be used until 30 September 2022. After that, they are no longer legal tender.

But that does not mean they are worthless! Check in the next section on what you can do once these paper pound sterling notes expire!

£20 Pound Sterling

The £20 paper note featured the economist Adam Smith, and was introduced in 2007.

It is being phased out with a new £20 polymer note featuring the artist JMW Turner. This new polymer note was introduced on 20 February 2020.

 

£50 Pound Sterling

The £50 paper note featured the entrepreneur Matthew Boulton, and the engineer James Watt. This paper note was introduced in 2011.

It is being phased out with a new £50 polymer note featuring the scientist Alan Turing. This new polymer note was introduced on 21 June 2021.

 

What To Do After £20 + £50 Paper Pound Sterling Notes Expire?

After 30 September 2022, the £20 and £50 paper pound sterling notes will expire, and no longer be legal tender. They are more properly considered withdrawn notes.

That means you cannot use them to purchase goods and services, or pay businesses with them.

However, many UK banks will still accept these “expired” £20 and £50 paper notes as deposits. You can then withdraw new polymer notes from your bank account.

Some Post Office branches will also accept £20 and £50 paper notes as payment for goods and services, or as a deposit into a bank account.

As a final resort, the Bank of England (BoE) will readily exchange these withdrawn notes, through these methods :

By Post

The Bank of England accepts withdrawn notes sent to them by post. But be aware that you would be sending the notes at your own risk, and should take “appropriate measures to insure against loss or theft”.

You will need to fill in this postal exchange form, and send it to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH, together with

  • the banknotes you wish to exchange
  • a copy of your photo ID (for exchange of £700 or more)
  • a copy of proof of address (for exchange of £700 or more)
  • a cover letter with a company letterhead (for businesses)

The BoE will pay the money into your bank account, by cheque, or in new banknotes (if the exchange is less than £50).

The BoE will also accept overseas exchanges, but you will need to provide a BIC/SWIFT code as well as your IBAN or bank account number. The BoE will not charge for this service, but your account must be able to accept GBP, and your bank or intermediaries may charge you for this service.

Bank of England Counter

The Bank of England offers a counter service at Threadneedle Street, London, EC2R 8AH, which is open from 9:30 AM to 3 PM, Monday to Friday. It is closed on the weekend, and on bank holidays.

However, the BoE warns that this counter can have long queues, and waiting times may be up to an hour. So they recommend sending your banknotes through post.

Those who are exchanging their withdrawn paper notes at the counter should bring two original identity documents – one photo ID, and one proof of address (mandatory for exchange of £700 or more).

You may be asked to fill in a form, or provide additional evidence to support the origin of the banknotes. For example, if the money was from an estate, you will need to provide copies of death certificate, wills or grant of probate.

The BoE will give you new banknotes, or pay the money into your bank account (which currently takes at least 20 working days due to the backlog).

They can pay the money into any account that accepts GBP payments via SWIFT transfer. They do not charge for this service, but your bank / intermediaries may charge you.

 

New £20 + £50 Paper Pound Sterling Security Features

When you get the new £20 and £50 pound sterling polymer notes, be sure to look out for their new security features.

Hologram Image Change

If you tilt the new polymer notes from side to side, you will see the hologram image change between “Twenty / Fifty” and “Pounds”.

See Through Windows

Look at the metallic image over the main window. Check the foil is gold and green on the front of the note and silver on the back.

Within the two gold foil squares on the front of the note, the image changes between ’50’ and a ‘£’ symbol when the note is tilted.

Look for a second, smaller window in the bottom corner of the note.

 

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Fact Check : The Argentinian Egg Boycott Story

Find out if the viral Argentinian egg boycott really happened, reducing the price of eggs to a quarter of its original price!

 

Claim : Argentinian People Reduced Egg Prices Through Boycott!

The story of the Argentinian egg boycott has gone viral, as an example of how the common people can force businesses to reduce their exorbitant prices.

There are a few examples of this story circulating on WhatsApp and social media, but here is one example.

Note : The story is rather long, so feel free to skip to the next section for the facts!

Egg Carton

This is a true story, not a fiction. It happened in Argentina.

An Argentine citizen went to buy an egg carton. When he asked the seller about the price, he found that the price was above the usual price. After he asked the seller about the reason, the seller said, “The distributed companies have raised the price!”

Quietly, the citizen returned the egg carton back to its place, saying, “There is no need for eggs. I can live without eating eggs.” Also, all citizens did this without campaigns or strikes, but it was a people’s culture! People who did not accept blackmail by companies .. In your opinion, how were the results? !!!

 

Truth : There Never Was An Argentinian Egg Boycott!

Despite claiming that this is a true story, this is yet another example of FAKE NEWS circulating on WhatsApp and social media, and here are the reasons why…

Fact #1 : There Never Was Any Egg Boycott In Argentina!

First, I should point out that there was never any egg boycott in Argentina that caused egg companies to cut prices to a quarter of its previous price.

Neither did any egg company apologise to the Argentinian people. Look it up yourself. It never happened. The story was completely fabricated.

Fact #2 : This Story Has Been Circulating Since 2015

This fake story has been circulating since at least August 2015, when it was posted on an Arabic website with the title of Union – the story of the Argentine people.

Since then, it has been repeatedly shared on social media – Facebook, Twitter, as well as on WhatsApp.

Fact #3 : Argentina Hit By High Inflation Since 2002

Argentina has been suffering from high inflation since 2022, which got worse from 2014 onwards – going from 10.5% to 58% in April 2022!

Whatever boycotts the Argentinian people may have organised would not have mattered.

Fact #4 : An Egg Boycott Would Never Work

The whole premise of an egg boycott is also ridiculous. Egg prices increase due to escalating costs, as well as supply and demand changes.

If poultry farmers do not make enough money from eggs, they will simply reduce their egg-producing flock, and focus on producing chicken meat instead. When that happens, supply is reduced and prices go up, not down.

A complete consumer boycott of eggs would not collapse the market, because eggs are widely used in the bakery and confectionery trades.

Eggs also have important biotechnology, and other industrial uses. For example, it is used to produce many vaccines, like the annual flu vaccine.

Eggs can also be turned into powdered egg, or even exported. In fact, about $4 billion worth of eggs were exported worldwide in 2020.

Hypothetically, if the Argentinians really boycotted eggs completely, it would result in a short-term reduction in price due to increased supply in the market. However, some chicken farms will collapse, reducing supply and causing prices to spike when consumers start buying eggs again.

Fact #5 : Egg Margins Are Very Thin

According to Poultry World, egg producers in the US generate a margin of just 11.2 cents per dozen eggs at the farm level. That’s less than 1 cent per egg!

So how would it be possible for any egg distributer to sell eggs at a quarter of the original price? It does not even make common sense, never mind financial sense!

I hope you found this fact check useful. Please help to share it out, so people won’t get fooled by this stupid story again.

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Crypto Hedge Fund 3AC Filed For Chapter 15 Bankruptcy!

Cryptocurrency hedge fund, Three Arrows Capital (3AC) just filed for Chapter 15 bankruptcy! Here is what you need to know…

 

Crypto Hedge Fund 3AC Filed For Chapter 15 Bankruptcy!

The 2022 Crypto Winter continues to blow hard and cold…

On Friday, July 1, 2022, Singapore-based cryptocurrency hedge fund, Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in the Southern District of New York.

Representatives from the law firm Latham & Watkins filed the Chapter 15 bankruptcy filing to legally protect its US assets from creditors in the United States.

In the legal filing, they stated that “the Debtor’s business has collapsed in the wake of extreme fluctuations in cryptocurrency markets” and “the Debit commenced a liquidation processing before the BVI Court” on June 27, 2022.

This move came after a British Virgin Islands court ordered the liquidation of 3AC on Monday, June 27, 2022.

Voyager Digital revealed that 3AC failed to make payments on loans made up of US$350 million in USDC and 15,250 BTC (worth US$306 million), and issued them a notice of default on the same Monday, June 27.

 

3AC Founders Remain Silent On Bankruptcy, Location Unknown

Founded in 2012 by Zhu Su and Kyle Davis, 3AC managed about $10 billion in assets as recently as March 2022, but that sank to just $3 billion a month later.

3AC was dogged by persistent insolvency rumours in the last few weeks, with rumours of more than US$400 million in losses when the cryptocurrency markets collapsed between May and June 2022.

Zhu and Davis admitted in a WSJ interview that 3ACa lost their $200 million investment following the collapse of Luna and its sister coin, TerraUSD.

8 Blocks Capital chief executive Danny Yuan also alleged that 3AC had misappropriated US$1 million of its funds to pay off their margin calls.

Both co-founders have remained silent over the implosion of 3AC, and its bankruptcy. Zhu’s last Twitter post was on June 15, in which he sought to allay rumours of insolvency, while Davies has not said a word.

According to the lawyers from Latham & Watkins, their current locations are unknown, and they are “rumoured” to have left Singapore.

The foreign representatives understand and believe that while the debtor has had certain operations in Singapore, Mr. Davies and Mr. Zhu’s current location remains unknown. They are rumored to have left Singapore.

 

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He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Palm Cooking Oil Price In Malaysia Shoots Up By 44%!

Palm cooking oil in Malaysia shot up by 44% on the first day price control was lifted! Here is what you need to know…

 

No More Price Control For Palm Cooking Oil!

On 21 June 2022, the Malaysian government announced that price control for palm cooking oil would be removed starting 1 July 2022.

Since 1 August 2021, palm cooking oil was subsidised with the price fixed at :

  • 5 kg palm cooking oil : RM 29.70 per bottle
  • 3 kg palm cooking oil : RM 18.70 per bottle
  • 2 kg palm cooking oil : RM 12.70 per bottle
  • 1 kg palm cooking oil : RM 6.70 per bottle

While Malaysians were hoping that the government would U-turn on the price control of palm cooking oil like it did for chicken, that didn’t happen.

Read more : Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!
Read more : 
Malaysia Cancels Chicken Price Float, Maintains Water + Power Rates!

 

Palm Cooking Oil Price In Malaysia Shoots Up By 44%!

On 1 July 2022, Malaysians finally realised how much palm oil prices have gone up since the price control and subsidy scheme was put in place last year.

Depending on the brand and bottle size, palm cooking oil prices have shot up between 38% and 44%.

Brand Bottle Size Old Price New Price Difference
Alif 1 kg RM 6.70 RM 9.50 +42%
Buruh 1 kg RM 6.70 RM 9.45 +41%
Saji 1 kg RM 6.70 RM 9.50 +42%
Seri Murni 1 kg RM 6.70 RM 9.25 +38%
Vesawit 1 kg RM 6.70 RM 9.40 +40%
Alif 2 kg RM 12.70 RM 18.05 +42%
Buruh 2 kg RM 12.70 RM 18.15 +43%
Saji 2 kg RM 12.70 RM 17.90 +41%
Seri Murni 2 kg RM 12.70 RM 18.10 +43%
Vesawit 2 kg RM 12.70 RM 18.25 +44%
Buruh 3 kg RM 18.70 RM 26.95 +44%
Vesawit 3 kg RM 18.70 RM 26.65 +43%
Alif 5 kg RM 29.70 RM 42.50 +43%
Buruh 5 kg RM 29.70 RM 42.60 +43%
Saji 5 kg RM 29.70 RM 42.20 +42%
Seri Murni 5 kg RM 29.70 RM 42.70 +44%
Vesawit 5 kg RM 29.70 RM 42.25 +42%

However, the government is maintaining the subsidy for cooking oil sold in 1 kg polybag packages, which will remain priced at RM 2.50 per packet.

The abolishment of the palm cooking oil subsidy would save the government about RM 20 million a month.

On social media, Malaysians are generally resigned to the fact that they will have to put up with increased food prices going forward. Some have suggested buying an air fryer, or boiling / steaming food, to cut down on the use of oil.

Looking at the bright side of things – perhaps, this will spur Malaysians to adopt a healthier diet with less fried foods!

 

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CIMB Online Services Up Again, After Going Down For Hours!

CIMB online and mobile banking services are finally up after failing for most of the day! Here is what you need to know!

 

CIMB Online + Mobile Services Down Most Of The Day!

At around 10 AM on Friday, July 1, 2022, CIMB started experiencing issues with their online and mobile banking services.

Some users could not load the CIMB Clicks website completely, while many users complained that they could log in, but were unable to complete any online transactions, like :

  • Interbank GIRO (IBG)
  • Instant transfers
  • DuitNow transfers

Instead, they received error messages like :

Sorry, service is temporarily unavailable. We apologise for the inconvenience caused. [CLK00495]

We’ve encountered an unexpected error. Please try again later. [CLK00507]

[/su_note]

Please enter valid Email or Mobile Number. [CLK00494]

 

CIMB Online Services Up Again, After Going Down For Hours!

This system-wide issue is not only affecting their online banking portals – CIMB Clicks and CIMB BizChannel, but also their Clicks mobile app.

At 4:37 PM, CIMB announced that Interbank GIRO (IBG) transfers were back online, but not DuitNow transfers.

Please be informed that DuitNow To Account (Instant Transfer) is unavailable at the moment. As an alternative, you may perform transaction by using Normal Transfer (IBG). Thank you.

At 5:22 PM, CIMB announced that they resolved their DuitNow services, although many of their BizChannel customers complained that they are still not able to view their statements, or make online transfers.

Their social media team is asking BizChannel users still experiencing problems to contact the BizChannel team at 1300 888 828 or +603 2297 3000 for further assistance.

CIMB ATM and counter services were not affected by this issue, so you can still head over to a nearby CIMB ATM if you need to withdraw money.

 

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Malaysia Announces July-Aug Ceiling Price For Chicken, Eggs!

The Malaysian government just announced the ceiling price for chicken and eggs for July to August 2022!

 

Earlier : Malaysia U-Turns On Chicken Price Float

Just 3 days after announcing that the price of chicken and eggs would be freely floated, the government of Malaysia announced a U-turn.

At 5:45 PM on 24 June 2022, the Prime Minister of Malaysia Ismail Sabri announced that the government has cancelled the floating of chicken price, and will continue to impose a price ceiling.

Read more : Malaysia Cancels Chicken Price Float, Maintains Water + Power Rates!

 

Malaysia Announces July-Aug Ceiling Price For Chicken, Eggs!

On Wednesday, 29 June 2022, the Agriculture and Food Industries Minister Ronald Kiandee announced that the ceiling price for chicken and eggs for Peninsular Malaysia for July and August 2022.

From 1 July until 31 August 2022, the price of a standard whole chicken would be capped at RM 9.40, but there was no mention of a price cap for the super whole chicken (slaughtered and cleaned without legs, head, liver and gizzard).

The price for eggs would also go up in tandem, with Grade A eggs capped at 45 sen each, Grade B eggs capped at 43 sen each, and Grade C eggs capped at 41 sen each.

Here is a comparison table of the current and new prices, with my calculations on the difference :

Feb to June July to Aug Difference
Standard Whole Chicken RM 8.90 per kg RM 9.40 per kg +5.6%
Super Whole Chicken RM 9.90 per kg NA NA
Grade A Eggs RM 0.43 each RM 0.45 each +4.7%
Grade B Eggs RM 0.41 each RM 0.43 each +4.9%
Grade C Eggs RM 0.39 each RM 0.41 each +5.1%

In general, the ceiling price for chicken and eggs in Malaysia would be raised by about 5%, which is significantly lower than the 33% hike expected if their prices were freely floated.

This subsidy though isn’t really free, as taxpayers are ultimately footing the bill.

According to the government, it will spend RM 369.5 million for this additional subsidy on chicken and eggs, bringing the total amount spent to RM 1.1 billion since February 5, 2022.

 

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Russia Defaults On Foreign Debt For First Time Since 1918!

Russia has officially defaulted on its foreign debt for the first time since 1918!

 

Russia Officially Defaults On Foreign Debt!

Russia was due to pay a $100 million interest payment on May 27, 2022; but creditors did not receive it 30 days later.

Russia says they sent the money to the Euroclear bank, which would distribute payments to its creditors. However, those payments were not made – Euroclear wouldn’t say if they were blocked, but would only say that it is adhering to all sanctions.

The US Treasury had earlier decided not to renew the special sanction exemption allowing investors to receive interest payments from Russia, letting it expire on May 25, 2022.

Russia could have paid that interest before the interest payment exemption expired, but opted not to. It has so far managed to make its payments on time, despite sanctions kicking in after Russia invaded Ukraine in February 2022.

But after missing that June 26 deadline on Sunday, Russia officially defaulted on that payment – their first foreign debt default since 1918, and their first default of any kind since 1998.

  • In 1918, Vladimir Lenin refused to pay the outstanding debts of the Russian Empire during the Bolshevik Revolution.
  • In 1998, the Russian. government was rocked by the rouble crisis, and defaulted on domestic bonds, but managed to pay its foreign debt.

 

Russia To Pay In Roubles, To Avoid Future Defaults On Foreign Debt

Russia called the default artificial, because it has the money to pay its debts, but sanctions have frozen its foreign currency reserves held abroad.

The Kremlin announced on 23 June 2022, that it would make all future debt payments in roubles through a Russian bank – the National Settlements Depository, even for bonds that are denominated in dollars or other foreign currencies.

The Russian Finance Ministry said that it would offer “the opportunity for subsequent conversion into the original currency” as a way to avoid future debt defaults.

While embarrassing to the country, and would make it expensive or difficult to borrow money in the future, this technical default does not have a significant effect on Russia right now.

For one thing, Russia is already barred by sanctions from borrowing in Western markets. Russia is also not interested in borrowing foreign money, thanks to a healthy influx of money from its sale of oil and gas.

In fact, Russia had been preparing for such an eventuality by paying down its foreign debt since it annexed Crimea in 2014.

All it does at the moment is ensure that Vladimir Putin goes down in history as only the second Russian leader to be responsible for a foreign debt default.

 

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Malaysia Cancels Chicken Price Float, Maintains Water + Power Rates!

The Prime Minister of Malaysia just cancelled the floating of chicken price, and maintained water and electricity power rates!

Here is what you need to know…

 

Earlier : Malaysia Removes Price Control + Subsidy For Chicken!

On 21 June 2022, Malaysia’s Domestic Trade and Consumer Affairs (KPDNHEP) Minister Alexander Nanta Linggi, announced that price control for chicken and chicken eggs, as well as subsidies for palm oil used for cooking will be removed.

From 1 July 2022 onwards, the price of chicken was supposed to be floated, and would depend on market forces. The price of chicken was expected to increase from RM8.90 per kg currently, to about RM11.90 per kg, once its price was floated.

The government needed to remove the price control on chickens because they would stop giving subsidies to poultry farmers on 1 July 2022 as well.

Read more : Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

 

Now : Malaysia Cancels Chicken Price Float, Maintains Water + Power Rates!

Just 3 days later, the Prime Minister of Malaysia announced a U-turn on removing price control on chickens.

At 5:45 PM on 24 June 2022, the Prime Minister of Malaysia Ismail Sabri announced that the government has cancelled the floating of chicken price, and will continue to impose a price ceiling.

However, this does not mean the chicken price will remain at its current ceiling prices of :

  • Standard whole chicken : RM 8.90 per kg
  • Super whole chicken (without legs, head, liver and gizzard) : RM 9.90 per kg

According to his official statement, the government will announce the new ceiling price for chicken later.

He also announced that the government has decided to maintain the current water and electricity tariffs in Peninsular Malaysia, by continuing to provide subsidies worth approximately RM 5.8 billion.

  • Domestic users : A rebate of 2 sen per kW-hour will be maintained, with no surcharge.
  • Commercial and industrial users : A surcharge of 3.70 sen per kW-hour will be maintained.

This is good news for domestic users, but not so good news for commercial and industrial users who have to put up with the surcharge.

 

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Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

The government of Malaysia just announced that it will give RM100 / RM50 subsidy to the B40 group to cope with the increased cost of living!

Here is what you need to know…

 

Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

On 21 June 2022, Malaysia’s Domestic Trade and Consumer Affairs (KPDNHEP) Minister Alexander Nanta Linggi, announced that price control for chicken and chicken eggs, as well as subsidies for palm oil used for cooking will be removed.

There was an immediate uproar from consumers, as it would mean additional increases in food prices, that have already shot up in recent weeks.

Read more : Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

 

Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

To assuage the concerns of many citizens who are struggling to make ends meet in a time of high inflation, the Prime Minister of Malaysia Ismail Sabri today announced that the government will give a small one-time subsidy to the B40 group :

  • B40 families will receive RM100 (about US$22.70)
  • B40 individuals will receive RM50 (about US$11.35)

This small cost-of-living subsidy is meant to help the B40 group cope with the increased food prices.

It will be paid to their accounts together with Phase 2 of Bantuan Keluarga Malaysia (BKM) programme for the B40 group.

For example, if you are a B40 senior citizen who is supposed to receive RM150 in Phase 2 of BKM, you will now receive RM200 = RM150 (BKM) + RM50 (additional cost of living subsidy).

 

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New Taxes On Small Online Purchases + Delivery In Malaysia!

There will soon be new taxes on small online purchases and delivery in Malaysia! Here is what you need to know…

 

New Taxes On Small Online Purchases + Delivery In Malaysia!

There will be soon new taxes on low-value purchases from overseas, and delivery services in Malaysia!

These taxes were announced in Budget 2022, but you may not be aware of it.

6% Service Tax On Delivery Services

From 1 July 2022 onwards, delivery services are subject to 6% service tax, for delivering goods other than food and beverages, and logistics delivery services.

This 6% service tax applies to e-commerce platforms as well, so expect the cost to be passed to you – the customer.

10% Sales Tax On Low Value Imports

Currently, goods imported from overseas that are delivered via courier services through specific international airports in Malaysia are not subject to the 10% sales. tax, if the value of each consignment (parcel) does not exceed RM 500.

Budget 2022 removed that exemption, which means all imported goods will be taxed, regardless of value.

From 1 January 2023 onwards, online sellers of low value imported goods delivered by air courier worth less than RM 500 per consignment must charge their customers a 10% sales tax. Otherwise, the purchaser will be subject to an import tax.

This sales tax applies to both local and foreign merchants. But the government has yet to reveal the mechanism by which foreign merchants will register, process and forward the collected sales tax.

 

Why New Taxes On Small Online Purchases + Delivery?!

Taxing low cost value goods purchased overseas is a way to level the playing field between local and foreign manufacturers.

Malaysian products are already subject to a 5% or 10% sales tax, which places them at a disadvantage when competing with low value imports that are currently tax-free.

That’s why many countries like Australia and New Zealand implement similar taxes, to align with local sales tax.

Even Singapore will be implementing a 7% GST on low value goods (LVG) from 1 January 2023 onwards, increasing it to 9% by 2025.

This sales tax on imported LVG will no doubt raise revenue for the government, but it is inline with what other countries are implementing to level the playing field, and encourage purchases of local products.

The 10% sales tax may seem high, but it does not apply to low value goods imported via sea or land.

This sales tax will not affect the RM1,000 exemption for travellers bringing in goods purchased overseas through the seven designated international airports in Malaysia.

The 6% service tax on delivery services is a new revenue stream for the government, although they have exempted food and beverage deliveries, as well as logistics deliveries.

Whatever the reasons are – expect to pay more for your online purchases!

 

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Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

Malaysia is removing price control for chicken and chicken eggs, as well as the subsidy for palm oil used for cooking!

Here is what you need to know…

 

Malaysia Removes Price Control, Subsidy For Chicken, Eggs, Cooking Oil!

On 21 June 2022, Malaysia’s Domestic Trade and Consumer Affairs (KPDNHEP) Minister Alexander Nanta Linggi, announced that price control for chicken and chicken eggs, as well as subsidies for palm oil used for cooking will be removed.

Read more : Malaysia To Give RM100 / RM50 Subsidy To B40 Group!

Currently, the Malaysian government imposes the current maximum retail price for chicken and palm oil used for cooking in Peninsular Malaysia.

  • Standard whole chicken : RM 8.90 per kg
  • Super whole chicken (without legs, head, liver and gizzard) : RM 9.90 per kg
  • 5 kg palm cooking oil : RM 29.70 per bottle
  • 3 kg palm cooking oil : RM 18.70 per bottle
  • 2 kg palm cooking oil : RM 12.70 per bottle
  • 1 kg palm cooking oil : RM 6.70 per bottle

From 1 July 2022 onwards, the price of chicken will be floated, and will depend on market forces; and the subsidy and price limit on bottled palm cooking oil of 1 kg, 2 kg, 3 kg and 5 kg will be abolished.

The abolishment of the palm cooking oil subsidy will save the government about RM 20 million a month. However, they will maintain the subsidy for cooking oil sold in 1 kg polybag packages, priced at RM 2.50 per packet.

The government needed to remove the price control on chickens, because they would stop giving subsidies to poultry farmers on 1 July 2022 as well.

The inflation of food prices will inevitably increase in July, so please be prepared!

 

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Bitcoin Rebounds Above $20K, Ether Shoots Over $1,100!

Bitcoin rebounded above $20,000 while Ether shot over $1,100, after experiencing record lows! Here is what you need to know…

 

Bitcoin Rebounds Above $20K, Ether Shoots Over $1,100!

After a terrible week, cryptocurrencies are getting a big respite with Bitcoin rebounding above $20,000. and ether shooting over $1,100!

Last Saturday, Bitcoin crashed through the $20,000 line, and smashed right through the $19,000 and $18,000 support lines. It hit a record low of $17,663.80, wiping out 12% of value in less than a day.

The $20,000 mark was psychologically-important because Bitcoin first hit it in December 2020. It was also the peak of its last bull run, when it hit a high of $19,834 in December 2017. Bitcoin had, for the first time, fallen below the peak of its prior bull run.

But it gradually recovered over Sunday, and actually rose above the $20,000 mark at 7 PM. After a short sell-off early Monday morning, it recovered to above $20,000.

Ether had a terrible Saturday too, falling from $1,069.70 to just $903.23 – wiping out 15.6% of its value in less than 24 hours!

But it recovered quickly, breaching $1,000 by Sunday morning, and then the $1,100 mark by Sunday evening.

Like Bitcoin, Ether saw a sell-off on Monday morning, but it recovered again and stayed above $1,100

 

Bitcoin + Ether Rally May Be Shortlived

Cryptocurrency investors and traders are sure to be relieved by the rally, which kept both Bitcoin and Ether above those psychologically critical $20,000 and $1,000 price levels, even though they had already breached them two days ago.

The rally seems to be fuelled by investors and traders looking to buy cheap coins. Both Bitcoin and Ether were over 70% and over 80% below their all-time highs of $68,990.90 and $4,865.57 respectively.

However, the Bitcoin rally seemed rather weak – it was vacillating around the $20,000 mark, unable to push above $21,000. Ether did better, staying above $1,000 and rising above $1,100 on Sunday and Monday.

It seems likely that this rally will be short-lived, and could be a short respite before a larger sell-off.

As inflation remains red hot, with rapidly rising interest rates amidst recession fears, there is significant pressure to sell risky cryptocurrencies.

Even though both cryptocurrencies are holding steady right now, be prepared for more sell-offs that could trigger a vicious cycle of forced selling and falling prices.

The 2022 Crypto Winter may have been delayed, and spring isn’t coming soon.

 

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Crypto Prices Tank : Bitcoin Below $19K, Ethereum Below $1K!

Cryptocurrency prices continue to tank, with Bitcoin dipping below $19,000 and Ethereal sliding below $1,000!

Here is what you need to know…

 

Crypto Prices Tank : Bitcoin Below $19K, Ethereum Below $1K!

The week is ending on a bad note for cryptocurrencies, as prices continued to tank.

On early Saturday morning, Bitcoin crashed through the $20,000 line, and smashed right through the $19,000 line, trimming 7.4% of its value in less than 1.5 hours!

The $20,000 mark was psychologically-important because Bitcoin first hit it in December 2020. It was also the peak of its last bull run, when it hit a high of $19,834 in December 2017.

Bitcoin has, for the first time, fallen below the peak of its prior bull run; which may well spook traders, if not the HODLers.

It hit the bottom (so far) of $18,811.40 at 8:20 AM, before recovering slightly to hover around the $19,000 to $19,500 range.

Ethereum did even worse, falling from $1,069.70 to just $977.37 – wiping out 8.6% of its value in less than 2 hours!

It recovered, but hovered under $1,000 for most of the day, before dipping to another low of $978.91 at 4:50 PM.

Ethereal first hit $1,000 in January 2018, and never dropped below $1,000 after January 2021.

 

Will Bitcoin, Ethereum Prices Continue To Tank?

Bitcoin and Ethereum are now trading almost 60% lower, compared to last year; and Bitcoin is down over 72% from its all-time high of $68,990.90.

While many HODLers and crypto traders are hoping that this is the bottom, this may only be a short respite before a larger sell-off.

Investors may be forced to liquidate their positions after these psychological lines were breached, possibly triggering a vicious cycle of forced selling and falling prices.

As inflation remains red hot, with rapidly rising interest rates amidst recession fears, there is significant pressure to sell risky cryptocurrencies.

So look forward to more sell-offs, and both Bitcoin and Ethereum breaching more resistance levels. The 2022 Crypto Winter may well be here…

 

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MyDebit Cash Out : Banks To Charge 50 Sen Per Withdrawal!

Banks across Malaysia will start charging 50 sen for each MyDebit Cash Out withdrawal, starting 1 July 2022!

Here is what you need to know…

 

MyDebit Cash Out : Banks To Charge 50 Sen Per Withdrawal!

Effective 1 July 2022, banks across Malaysia will start charging 50 sen for each MyDebit Cash Out withdrawal.

Here are two notices that banks recently issued about this withdrawal fee :

Dear Valued Customers,

Effective 1 July 2022, MyDebit Cash Out fee of RM0.50 per transaction will be imposed at any MyDebit selected merchants/ retailers. MyDebit Cash Out Fee will be payable by the Cardholders.

The maximum limit for MyDebit Cash Out withdrawal is RM500.00 per transaction.

Thank You.

CIMB Bank and CIMB Islamic Bank Berhad

Dear Valued Cardholders,

Please be informed that MyDebit Cash Out Fee will be revised from RM0.00 to RM0.50 per cash out* transaction which will be payable by Cardholders. The revision will be effective 1 July 2022.

Please call our Customer Service at 03-5516 9988 for enquiries.

*Cash Out = Withdrawal of cash at MyDebit selected merchants/retailers.

Thank you.

 

MyDebit Cash Out : What Is It?

For those who are unfamiliar, MyDebit Cash Out is a feature of all ATM and debit cards in Malaysia, which allows you to withdraw cash at select merchants and retailers.

MyDebit Cash Out offers customers an easier way to withdraw cash from their bank accounts, without going to an ATM machine.

The RM 0.50 withdrawal fee only applies if you wish to withdraw cash using your debit card. It does not apply if you pay for your purchases using your debit card.

 

MyDebit Cash Out : Is It Worth Paying The Fee?

The MyDebit Cash Out fee will overwhelmingly affect lower income people, because they are the least able to travel to a bank branch to withdraw their money. They are also less likely to withdraw large amounts of cash at any one time.

So MyDebit Cash Out offers them a convenient way to withdraw money from their bank accounts, as and when they need cash. They will now need to pay for that convenience…

To be sure, the 50 sen fee is cheaper than the RM1 MEPS fee charged for interbank cash withdrawal at the ATM. However, you can only withdraw a maximum of RM500 per transaction through MyDebit Cash Out.

If you wish to withdraw more than RM1,000, it is cheaper to use an ATM from another bank, even if it incurs the MEPS fee.

Of course, if your bank has an ATM nearby, that is your best option – you get to withdraw your money for free!

Read more : MEPS Fee For ATM Cash Withdrawal Now In Effect!

 

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Bill Gates Mocks Crypto + NFTs As Assets For Fools!

Bill Gates is no fan of crypto – labelling crypto assets including NFTs as 100% based on greater fool theory!

Here is what you need to know…

 

Bill Gates Mocks Crypto + NFTs As Assets For Fools!

Speaking at a TechCrunch conference on Tuesday, 14 June 2022, Bill Gates described digital assets like cryptocurrencies and non-fungible tokens (NFTs) as something that’s “100% based on greater fool theory“.

The greater fool theory refers to the idea that investors can make money on worthless or overvalued assets, as long as they can fool other people into paying more for them.

In other words, the value of these digital assets are not inherent in their worth, but entirely dependent on whether you can hype them up so “greater fools” will buy them.

Read more : Crypto Boom Scam Alert : Fake Celebrity Endorsements!
Read more : Did Bill Gates Call For Withdrawal Of COVID-19 Vaccines?

 

What Bill Gates Invests In, Instead Of Crypto / NFTs

Bill Gates said that he was not interested in crypto at all – “I’m not involved in that. I’m not long or short any of those things“.

He shared that was only interested in asset classes that actually produce something, “like a farm where they have output, or like a company where they make products“.

He mocked the Bored Apes Yacht Club non-fungible token collection, calling them “expensive digital images of monkeys” that will “improve the world immensely“.

His comments come as bitcoin and other cryptocurrencies tumbled sharply. Bitcoin – the leading cryptocurrency – crashed from a high of $69,000 in November 2021, to less than $23,000 that day.

It didn’t help that Celsius, a crypto lending firm, paused all account withdrawals, feeling fears of its insolvency and the crypto world as a whole.

The crypto exchange, Coinbase, also announced that it was laying off 18% of its employees as the cryptocurrency market continue to crater.

 

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Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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GrabUnlimited : Is It Worth Becoming A Member?

GrabUnlimited offers a large number of discount vouchers, and the opportunity to earn rebates!

Find out what GrabUnlimited really is all about, and whether it’s worth becoming a member!

 

GrabUnlimited : What Is It?

GrabUnlimited is a subscription plan that offers discount vouchers, and special promotions for Grab services.

Here are some of the benefits that the GrabUnlimited subscription offers :

Special June Promotions

  • 4 x GrabFood discount vouchers (up to 50%) + free delivery (cannot be used at peak hours or in Penang)
  • 6 x GrabFood discount vouchers (up to 38%) + free delivery (cannot be used in Penang)
  • Only in Penang : 10 x GrabFood discount vouchers (up to 50%) + free delivery

Standard Subscription Vouchers

  • 50 x GrabFood free delivery vouchers (up to RM3 off)
  • 10 x GrabMart free delivery vouchers (up to RM3 off)
  • 10 x GrabFood discount vouchers (15% off, only for self pick-up)
  • 1 x RM5 Grab Ride discount (Malaysian airport rides only)

Unlimited Benefits

  • RM1 GrabFood premium delivery discount
  • JustGrab (Top-Rated Drivers) in selected cities (from 9 June 2022 onwards)
  • Earn up to 1.5% in GrabRewards (instead of just 0.5% for non-members)
    You will get 1.5 GrabRewards for every RM1 spent, instead of just RM0.75.
  • Monthly Grab Hot Deals are now limited to GrabUnlimited members.

 

GrabUnlimited : My Humble Opinion

GrabUnlimited is being pitched to the media as a great way to save and earn money (paradoxical, I know!).

At first glance, it does look attractive, offering you 38% or 50% discount vouchers, as well as free delivery vouchers worth RM180. And who doesn’t want to “earn” 1.5%?

The real purpose though is to lock you into their platform, to discourage you from using their rivals / alternatives.

And if you look at the fine print, you will realise that those benefits and vouchers come with caveats that make them much less attractive.

  • You get 1.5 GrabRewards for every RM1 you spend – twice that of non-members, which you can use to redeem discounted Grab vouchers for a rebate “up to 1.5%”.
  • The 50% discount voucher is really a RM8.50 discount voucher with a minimum spend of RM20. The additional discount comes from Grab automatically applying one of the GrabUnlimited RM3 free delivery vouchers. It is also limited to “selected restaurants”.
  • The 38% discount voucher is really a RM7.50 discount voucher with a minimum spend of RM25. The additional discount comes from Grab automatically applying one of the GrabUnlimited RM3 free delivery vouchers. It is also limited to “selected restaurants”.
  • The 15% off Self Pick-Up discount is capped at RM12, which works out to a maximum order value of RM80.
  • The RM3 GrabFood free delivery voucher requires a minimum spend of RM20, and is not valid for Mix & Match orders.
  • The RM3 GrabMart free delivery voucher requires a minimum spend of RM40, and is not valid for Mix & Match orders.

That is why Grab limited their monthly Hot Deals and Top-Rated Drivers to GrabUnlimited members. They used to be available to everyone.

That does not mean it’s a bad idea to subscribe. If you use Grab regularly to order food or grocery deliveries, you can save quite a lot. You just have to make sure you meet the voucher requirements.

And you should definitely not fall into the trap of only using Grab. Always check alternative delivery services to see if they offer a better deal.

Finally, if you do not use Grab regularly (like me), you should obviously not subscribe at all. It would only be a waste of your money.

 

GrabUnlimited : What You Must Know…

GrabUnlimited Membership Cost

GrabUnlimited is a subscription-based membership programme that costs RM4.90 per month, which works out to RM58.80 per year.

New subscribers will be charged 1 sen for the first month, but will have to pay the full subscription price thereafter.

Existing GrabUnlimited members outside of Penang, Kuching and Johor Bahru who subscribed in April and May will be charged only 1 sen in June, but will have to pay the full subscription price from July onwards.

How To Subscribe To GrabUnlimited

Here is what you need to do to subscribe to this plan :

  1. Open the Grab app
  2. Go to Account > Subscriptions
  3. Tap on GrabUnlimited
  4. Review the plan details, and tap on Get this plan
  5. Pay for the subscription using your GrabPay Wallet

GrabUnlimited Automatically Renews Monthly

You may be interested to try out GrabUnlimited due to the 1 sen promotional price for the first month.

But please be warned that once you subscribe, it will automatically renew every month, and you will be charged the full price.

if you don’t want to pay the full price after trying it out, make sure you cancel the plan before the next billing date.

Cancelling GrabUnlimited

This is the official way to cancel your GrabUnlimited subscription :

  1. Open the Grab app
  2. Go to Account > Subscriptions
  3. Tap on GrabUnlimited
  4. Tap on View Details
  5. Tap on Cancel Plan

If you accidentally cancelled your subscription, you can resubscribe anytime before the next billing date at no additional cost.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Google : You Can Use Gmail For FREE With Custom Domain!

Google just changed its mind and will allow you to continue using Gmail for FREE with your own domain!

Here is what you need to know!

 

Earlier : You Must Migrate Free Gmail To Google Workspace Subscription!

Google officially got rid of G Suite, rebranding it as Google Workspace and introducing a cloud-based solution that is more integrated and offers real-time collaboration.

At that time, they still allowed people with free Gmail accounts to continue using them, with custom domains. Like adrian@mywebsite.com, for example.

That changed in January 2022, when Google announced that it “will now transition all remaining users to an upgraded Google Workspace paid subscription based on your usage“.

In other words – you must pay Google if you want to continue using Gmail with a custom domain.

Google gave everyone until May to migrate their emails out of Gmail, or pay to continue using it. Then they delayed it to 1 June to give people more time to decide.

But they met with a lot of anger, and resistance. It was not just a matter of migrating emails from Gmail to a cheaper or even free email service like Zoho.

Many people also use the same Gmail account with a custom domain, to sign in for various services including Google services and Android smartphones. They would have LOST the ability to retrieve or change their password, or even login in certain instances.

 

Now : You Can Use Gmail For FREE With Custom Domain!

Fortunately, Google appeared to have realised that trying to blackmail loyal Gmail users (albeit free users) into boosting their profit margins was not only bad press, it was counterproductive.

For example, how will Google manage purchases people made in the Google Play Store? Will losing data from so many people be worth it?

In the end, Google folded and quietly allowed people to continue using Gmail for free, and with their custom domain to boot!

From now until 27 June 2022, you will have the option of signing up to continue using Gmail for free, with your custom domain.

Just head to your account’s Google Admin Console, and you should see this option pop-up. Just click Confirm for personal use, and you are done!

Not only will you get to continue using Gmail for free, and retain your custom domain, you will also :

  • retain access to free Google Workspace services like Google Drive, Google Meet, Google Search, Google Maps and YouTube
  • keep your purchases in Google Play, and data stored on Google Workspace

However, Google “may” remove business functionality, and will not provide support.

If you had earlier agreed to pay for Google Workspace after getting the migration prompt, but wish to switch to this “non-commercial personal use” option, you need to contact Google Support.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

Recommended Reading

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Support Tech ARP!

Please support us by visiting our sponsors, participating in the Tech ARP Forums, or donating to our fund. Thank you!

Touch ‘n Go eWallet Is Now Back On Apple App Store!

The Touch ‘n Go eWallet app was quietly restored to the Apple App Store, as quietly as it was removed earlier!

Here is what we know so far…

 

Touch ‘n Go eWallet Is Now Back On Apple App Store!

Apple quietly removed the Touch ‘n Go eWallet (TNG eWallet) from the App Store in the first week of May 2022.

The TNG eWallet download page earlier stated “App Not Available – The app is currently not available in your country or region“.

It was also removed from the App Store search listing. The Boost eWallet now appears, instead of the TNG eWallet.

Even though the Touch ‘n Go eWallet app is no longer available in the Apple App Store, you can continue to use it if you had already installed it earlier.

The TNG Digital team stated that they are working to resolve the issue with Apple, and confirmed that the app that is installed in your iPhone will continue to work with all features fully-functioning.

Fortunately, the Touch ‘n Go eWallet (TNG eWallet) app was quietly restored to the Apple App Store on 11 May 2022.

 

Was Touch ‘n Go eWallet NFC Feature Removed For Apple Users?

Neither Apple nor Touch ‘n Go eWallet stated why the TNG eWallet app was removed from the App Store.

At that time, believed Apple removed it because of the recently-added NFC top-up feature for physical Touch ‘n Go cards.

That’s because Apple Pay is the only mobile wallet / eWallet allowed to use the iPhone and iPad’s NFC capabilities  for contactless payments.

That limitation has resulted in an antitrust charge by the European Union :

The European Commission has informed Apple of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices. By limiting access to a standard technology used for contactless payments with mobile devices in stores (‘Near-Field Communication (NFC)’ or ‘tap and go’), Apple restricts competition in the mobile wallets market on iOS.

The Commission takes issue with the decision by Apple to prevent mobile wallets app developers, from accessing the necessary hardware and software (‘NFC input’) on its devices, to the benefit of its own solution, Apple Pay.

However, the newly-approved Touch ‘n Go eWallet version 1.7.73 continued to feature the NFC reload option.

Therefore, it seems more likely that Apple removed the app earlier due to the Face Verification feature in the Touch ‘n Go eWallet app.

In fact, the new Touch ‘n Go eWallet version 1.7.73 now lacks the Face Verification feature. Their FAQ also stated that :

Face verification is being upgraded for iOS users, this feature will be temporarily disabled. Kindly use your PIN as alternate authentication.

The previous version of Touch ‘n Go eWallet could have contravened this App Store Review Guidelines rule :

2.5.13 Apps using facial recognition for account authentication must use LocalAuthentication (and not ARKit or other facial recognition technology) where possible, and must use an alternate authentication method for users under 13 years old.

But at least Apple iPhone users can rest assured that they will continue to get the latest Touch ‘n Go eWallet app. They just have to live without the Face Verification feature for now…

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

Recommended Reading

Go Back To > Software | BusinessTech ARP

 

Support Tech ARP!

Please support us by visiting our sponsors, participating in the Tech ARP Forums, or donating to our fund. Thank you!