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Sun Life Malaysia Survey Shows Cost Of Living As The Biggest Retirement Worry for Malaysians

45% of Respondents Opted For Insurance or Takaful Plan To Prepare For Their Golden Years

Kuala Lumpur, 29 August 2022 – A recent retirement survey by Sun Life Malaysia, a life Insurance and family takaful provider, revealed that cost of living is a major retirement woe with 63% of the respondents citing that their biggest fear is having insufficient funds to live a comfortable retirement.

The ‘Kembara Bersara’ survey, conducted by online news outlet, Cilisos, revealed that out of the 1853 respondents polled, money and health tops the list of worries about retirement. Those who are yet to retire mainly worry about insufficient funds (63%) and ageing (57%); while those who are currently retired mainly worry about ageing (61%), illnesses & disabilities (58%), and medical expenses (45%). 

The survey also found that Employees Provident Fund (EPF) savings is the main source of retirement funds with over 88% responding that they plan to rely on their EPF savings in their golden years.  Despite this, an alarming 18% of respondents shared that they have already made special withdrawals; with another 14% planning to do the same (survey was held right before Raya) and 4% admitted that their EPF accounts no longer have enough amounts to withdraw.

Raymond Lew, CEO and President/Country Head of Sun Life Malaysia, commented, “While the data does not speak for the entire Malaysian population, the survey’s findings offer a sneak peek into the retirement behaviour and preparedness which serves as a good wake up call for many of us. This survey revealed that there are still gaps in financial planning; especially in relation to building sufficient financial resources. Many people may have underestimated the funds needed for their retirement life.”

Through this survey, Sun Life Malaysia aims to spark more in-depth conversation about retirement preparedness and resilience amidst rising inflation and uncertainties brought on by the pandemic. A majority of the respondents were individuals and working professionals aged above 42 years old with an intention to retire at 60.

Besides EPF, the next popular retirement source was insurance and takaful – 45% of the respondents said they had invested in insurance and takaful for their twilight years. 

“This is encouraging to see as it reflects the rising acceptance of insurance and takaful as a retirement planning vehicle. Whilst there are many financial vehicles, insurance and takaful is definitely a versatile and easily accessible financial tool to protect your hard-earned money. This will enable people to live their desired lifestyle during retirement or be financially prepared when the unexpected happens,” continued Lew. 

The survey also uncovered interesting findings including:  

  • 61% of respondents declared they rather not depend on their children upon retirement – which is contrary to the general Asian consensus of having children to care for them after retirement. 
  • 96% of respondents said that they want to take care of their parents- with 74% indicating that they are doing so out of love and duty for their parents.
  • 22% of respondents expressed a desire to continue working after their retirement.
  • 91% of respondents chose to retire in Malaysia; of which, 61% chose the same state that they currently reside in, followed by Perak (16%) and Penang (14%).
  • 47% are open to retirement homes, with private retirement homes being their favoured choice.
  • 23% don’t plan to have children or are unable to have children.

“At Sun Life Malaysia, we understand that retirement planning is not an easy balancing act; especially amidst rising inflation and market uncertainties. We are here to help Malaysians build, grow, and preserve their wealth, to pass on their financial legacy and more importantly, to live financially healthy in their golden years,” Lew concluded. 

Being a trusted lifetime insurance and takaful partner, Sun Life Malaysia is committed to empower more Malaysians to achieve lifetime financial security and live healthier lives, through its wide-range of innovative insurance and Shariah-compliant takaful solutions. Members of the public are encouraged to get in touch with Sun Life Malaysia for a personal consultation or try out its handy retirement calculator at https://sunlife.co/Retirement-Calculator

For further information about Sun Life Malaysia, please visit www.sunlifemalaysia.com

Introducing ‘PLUS by GoTo’ subscription program by Tokopedia

Indonesian e-commerce platform Tokopedia has launched ‘PLUS by GoTo’, a new subscription program that offers an array of benefits, promotions, and discounts at an affordable monthly fee, according to the company’s press release.

The subscription package is offered starting at IDR 150,000 for six months during the initial promotion period. A PLUS subscriber can get unlimited fast and free shipping, for any transaction at or above IDR 25,000.

PLUS by GoTo is available to customers in Java island, Indonesia but will be expanded to other regions soon.

ShopeePay and ShopeeFood Kickoff September with Amazing Deals

KUALA LUMPUR, 29 August 2022 – Time to start counting down amazing promotions and sales with ShopeePay and ShopeeFood. To start, there’s the exclusive ShopeePay Day deals happening on the 1 September 2022 for one-day only. Next, mark your calendar for 9.9 Super Shopping Day. With super deals and vouchers galore, Malaysians are set to save and enjoy more when shopping with ShopeePay or ordering your favourite grub using ShopeeFood. Here are some highlights that Malaysians can look forward to: 

ShopeePay Day (1 September 2022 ONLY)

Get up to 50% OFF Discount for e-Vouchers

The e-Voucher is cheap but did you know that for one-day only you can get it at an even cheaper price. Here’s how:

– Get exclusive 50% OFF discount vouchers at 12AM-2AM, 12PM-2PM

– 30% OFF discount vouchers during normal hours

Here’s another great news – these vouchers can be applied when purchasing the e-voucher to enjoy the e-voucher at a further discounted price. Now that’s a DEAL! 

100% Prepaid Cashback

Get 100% cashback when you make a prepaid top up and checkout with ShopeePay. How? Just top-up a minimum of RM10 between 2pm-4pm and 6pm-8pm and stand a chance to get RM10 cashback. 

Transfer & Win 999,999 Shopee Coins (1.9)

Perform one transfer with ShopeePay and stand a chance to win up to 999,999 Shopee Coins. Really it’s as simple as that! For more information on ShopeePay Day, visit https://shopee.com.my/m/shopeepayday

Countdown to 9.9 Super Shopping Day

ShopeePay 9.9 Transfer and Win Big (09.09.2022, 18.09.2022 and 25.09.2022)

Here are few ways to get more from your ShopeePay wallet during the 9.9 Super Shopping Day:

–       Transfer and win up to to 999,999 Shopee Coins

–       Send Ang Bao to 50 Friends & Get RM15*

–       Earn up to RM5 Cashback when you receive a minimum RM10 DuitNow Transfer* 

ShopeeFood 9.9 Super Deals (09.09.2022)

Enjoy amazing food offers for ONE day only on 9.9 ShopeeFood Super Deals. Here are three special deals worth waiting for!

–       Super Deals up to 50% off. Here are some participating merchants to keep your tummy happy: US Pizza, A&W, Kenny Rogers Roasters, Bask Bear Coffee, Subway, Old Town White Coffee, Tealive and much more!

–       Free delivery on ALL your food orders with RM15 minimum spend

–       Shocking Sale at RM9. Don’t forget to check your ShopeeFood app on the day 

Lastly, get ready for 12AM Midnight Madness to grab RM9 Knockout Deals, 95% off 9.9 Only Deals and claim more 95% off vouchers that require no minimum spend on the leading e-commerce platform, and much more to stretch your Ringgit even further!

New Spritzer Sports Bottle with Sports Cap

Image by Spritzer

Malaysia’s top bottled water manufacturer Spritzer has introduced bottled water with a sports bottle cap. The new sports bottle with a unique Sports Cap make rehydrating yourself during your workout that much easier.

Spritzer has recently launched 100% recyclable bottles made with recycled plastics as part of its “New Look, New Purpose” campaign.

Hydrate yourself with Spritzer. Click here to purchase Spritzer on Shopee.

Jiwater natural artesian water launched in Indonesia

Indonesia’s Kosme Group has launched Jiwater with the Indonesian pop band Noah as the brand endorser. Jiwater is a natural artesian water processed with Japanese technology. The new mineral water has a pH level of 7.5 to 8.

MOLTO Premium Gelato launches MILO, French’s Yellow Mustard, Ritz gelatos

MOLTO Premium Gelato in Thailand has launched a series of interesting gelatos including with MILO and French’s Yellow Mustard. It also has launched a gelato made from Ritz Cheese and Ritz Chocolate as part of the Ritz series and with Tasto Signature Potato Chips Chocolate.

MOLTO Premium Gelato has pop-up stores at Silom Complex, Central Ladprao, Central Rama 9, The Mall Thapra, Future Park Rangsit, Central World, Central Bangna and Central Westgate.

ProWine Singapore strengthens its foothold in Southeast Asia with its third edition

Southeast Asia’s most significant wines and spirits trade fair returns with curated itineraries and masterclasses including an exclusive panel discussion with four Master of Wines.  

Singapore, 29 August 2022 – ProWine Singapore, one of the region’s most important marketplaces for wines and spirits, returns for its third edition from 5 to 8 September 2022 at the Singapore Expo. A meeting place for participants representing traditional markets and new and dynamic sales regions that are emerging, the highly anticipated trade fair is poised to bring together some of the best products and people from the industry, with about 200 high-quality exhibitors from across 20 countries and regions to meet with an estimated 5,000+ trade visitors from the region.

Jointly organised by Messe Düsseldorf Asia and Informa Markets, ProWine Singapore is co-located with FHA – Food & Beverage. The theme of ProWine Singapore 2022 centres on A New Hope. As the world emerges from the pandemic and begins finding its own momentum again, ProWine Singapore is eager to celebrate the emergence of new brands and uncover how timeless and traditional brands are finding new ways of working. Participants will be able to dive deeper into the innovation processes of these producers on the show floor and through a curated line-up of activities that shine the spotlight on the industry’s response to the rapidly changing landscape caused by recent global events.

Kicking off ProWine Singapore’s knowledge-based line-up of seminars and activities is an engaging and educational panel discussion. Held on 5 September 2022 at 10:30 am, the exclusive panel discussion offers visitors a rare opportunity to see four Master of Wines – Neil Hadley, Tan Ying Hsien, Annette Scarfe, and Richard Hemming – come on stage to share and discuss their perspectives on surviving, growing, and thriving through the pandemic. The four MWs will delve deep into the various innovations that developed over the past two years and share their learnings for a new wine world.

Across the four days, these Masters of Wines, as well as thought leaders and industry experts, will also lead other masterclasses on topics such as:

  • The official launch of Singapore Sling 2.0 with Frederiksdal Likør 

Discover how Frederiksdal Likør and Mount Faber Leisure Group reinvent Singapore’s iconic cocktail and the journey of sustainability and substance in this official launch. 

  • NFT in the Wine Industry  

How Web3 Brings New Value, Community, and Ownership to Wine Online. Moderated by Richard Hemming MW, this discussion features panellists from NFT wine club Club dVin.

  • Rebellious wines: Award-Winning Cherry Wines  

Explore innovations and exciting opportunities with Danish winemaker of the year and Denmark’s first Master of Wine, Jonas Tofterup, as he guides you through the world of Frederiksdal’s cherry wines. 

  • Introduction of unique cream liqueur propositions to Asian markets. 

Uncovering global market trends, innovations and exciting opportunities for Cream Liqueurs in Asia: ranging from dairy and non-dairy offerings.  

  • Pinot Noirs from California’s lesser-known Region. 

Join Master Sommelier Evan Goldstein as she guides you through six Pinot Noirs from California’s lesser-known regions such as Russian River Valley, Carneros or the Monterey AVA. 

  • A comparative look at wines from the old world (Germany) and new world (Australia, Tasmania). 

Paul McArdle, CEO of Overstory, shares how tradition and climate change impact the difference in characteristics between the old and new world wines. 

For the full masterclass and seminar schedule, please click here.

Being the region’s first wine and spirits trade fair to return post-pandemic, ProWine Singapore sets the stage for the industry’s mover and shakers to reconnect and refresh their relationships. Producers, distributors, and retailers are empowered to create meaningful connections through industry-tailored programmes and engage in open discussions on changing consumer behaviour, the growing online alcohol market, the ongoing premiumisation trend of wine and spirit products, and more. For the first time ever, trade visitors will also have the chance to embark on a curated journey through the show floor and experience the exhibition according to their interests, such as discovering a range of offerings across origins, appellations styles, and terroir, varietals, and more.

“We are looking forward to staging ProWine Singapore. It’s been four years, and we are eager to continue playing our part as a major industry event and business platform to bring the industry together as we navigate the new realities. Our strong foothold in the markets of Asia and Southeast Asia, and the quality of visitors attending ProWine Singapore ensure producers from Europe, North and South America, and the Oceanic regions will benefit greatly by having a presence at the trade fair,” says Mr Gernot Ringling, Managing Director, Messe Düsseldorf Asia.

The ProWein global portfolio has a long-established history, which first began in Düsseldorf. Over the last 25 years, ProWein has since expanded its presence to include the cities of Singapore, Shanghai, Hong Kong, Sao Paolo and Mumbai. ProWine Singapore made its debut in 2016 as a biennial trade fair, co-located with FHA – Food & Beverage, organised by Informa Markets. It has earned its standing as the region’s leading trade-focused platform for international wine and spirit producers and is the largest of its kind in Southeast Asia. ProWine Singapore, with its co-location with FHA – Food & Beverage, provides the ideal platform for international producers to tap into the growth prospects of Southeast Asia and for trade participants to forge strong collaborations and business contacts across the synergistic wines and spirits, food and hospitality sectors.

 

NESTLÉ OMEGA PLUS ANNOUNCES PARTNERSHIP WITH AEON GROUP

Malaysians can get free cholesterol checks throughout September, in conjunction with World Heart Month

Kuala Lumpur, 22 August 2022 – NESTLÉ OMEGA PLUS continues to champion heart health awareness through partnerships with AEON Group. In conjunction with World Heart Month, Malaysians can walk into selected AEON outlets to get their cholesterol checked for free.

Heart disease is one of the leading causes of death in Malaysia with high cholesterol being a major risk factor. Statistics in Malaysia show that 8 million or 40% of adults have high cholesterol. However, not many are aware of the dangers of high cholesterol due to a lack of awareness.

Kam Yi Ling, Brand Executive, Milks Business Unit, Nestlé (Malaysia) said, “As a part of our community outreach, we have been offering cholesterol checks to the community over the past decade. This World Heart Month, we are pleased to be able to resume this effort after putting it on hold during the COVID-19 pandemic. We are thrilled to be able to partner with AEON Group this year to bring awareness on this important initiative to our community,”

“To motivate Malaysians on their journey to improve their heart health, NESTLÉ OMEGA PLUS has a range of products that have been developed as a great and tasty way to help lower cholesterol levels. Two glasses a day of NESTLÉ OMEGA PLUS contains ActiCol®, 1.2g of plant sterols that are proven to help lower cholesterol levels together with a balanced diet and an active lifestyle. The newly launched NESTLÉ OMEGA PLUS Dark Choc in powder format made with the goodness of milk and delicious cocoa encourages Malaysians to manage their cholesterol levels with the tasty dark chocolate flavour,” she added.

Mr. Wan Zia’uddin Haizam Harun, the head of Grocery, Non-Food & Health Beauty Care AEON Group, said, “We are happy to partner with NESTLÉ OMEGA PLUS to be a part of the mission to bring awareness of heart health to Malaysians and our loyal shoppers. We hope that through this cholesterol screening initiative, many more Malaysians will take better care of their health and take proactive action to minimise the risk of developing heart disease.”

NESTLÉ OMEGA PLUS has been a strong advocate for heart health awareness in Malaysia for over 20 years. In conjunction with World Heart Month in September, Nestle Omega Plus is championing heart health by raising awareness on heart health and the factors affecting it, including high cholesterol. This year, NESTLÉ OMEGA PLUS’ month-long Walk A Million Miles event returns to further encourage Malaysians to take care of their heart and manage their cholesterol levels. NESTLÉ OMEGA PLUS will also be pledging RM100,000 to long-standing partners Yayasan Jantung Malaysia (YJM) and Institut Jantung Negara Foundation (IJNF) in support of heart patients in Malaysia upon the achievement of one million miles collectively for Walk A Million Miles 2022.

For more information on the scheduled cholesterol screenings at AEON, visit (https://www.facebook.com/NestleOmegaPlus/posts/AEONRoadshowSchedule).

Carlsberg Scores Big with Fans at the Carlsberg x Liverpool FC LEGENDary Football Party

From left_ John Barnes; Stefano Clini, Managing Director of Carlsberg Malaysia; and Sami Hyypiä

SHAH ALAM, 27 August 2022 – Carlsberg has once again scored high in celebrating and hosting football punters at an adrenaline-filled football viewing party and autograph session with two Liverpool FC legends in its recent Carlsberg x Liverpool FC LEGENDary Experience held at Plaza Arkadia. Charting its stand as the beer of choice for every football occasion, Carlsberg had gone the extra mile to deliver on its promise of bringing the heart and soul of football to life.

Carlsberg Liverpool FC Legends Edition exclusive 6-can pack

With the longest standing partnership in Premier League history, Carlsberg and Liverpool FC celebrate the spectacular energy of sports and camaraderie in conjunction with its 30th anniversary since 1992. This milestone was commemorated globally, and in Malaysia, local Liverpool FC fans were awe-struck by the exciting introduction of the coveted Carlsberg Liverpool FC Legends Edition exclusive 6-can pack, depicting the jersey designs of six Liverpool FC’s phenomenal icons, who are Ian Rush, John Barnes, Sami Hyypiä,
Robbie Fowler, Jamie Carragher and Luis Garcia.

The Carlsberg x Liverpool FC LEGENDary Experience was an evening memorialised forever. Footies were treated to a slew of activities where they had their face painted, got their airbrush and sticker tattoos of the club symbols as well as action photos taken at the 360 spin-cam. They also showed off their fancy footwork at the ‘Kicks of Glory’ and ‘Golden Glove’ game stations where winners bagged themselves the Carlsberg Liverpool FC Legends Edition exclusive 6-can pack and Carlsberg Liverpool FC money-can’t-buy jersey. The clincher however was the fact that Kopites were given the opportunity to watch a game between Liverpool FC and Bournemouth FC alongside the team’s legends, Sami Hyypiä and John Barnes, who had once commanded the roars of fans around the pitch themselves.

“There is something very special about the bonds of football and Carlsberg. Leveraging on Carlsberg’s global partnership with Liverpool FC, we, here in Malaysia, have been looking forward to celebrating our commitment to football fans by providing the best experiences for every football occasion. Through the Carlsberg Liverpool FC Legends Edition cans, the special appearances of two living legends of the game and with today’s stadium-replica live football viewing showcase, we are confident that we continue to animate the passion of football, especially for Liverpool FC fans,” commented Stefano Clini, Managing Director of Carlsberg Malaysia.

Like every great football party, the evening kicked-off with throngs of fans streaming in early to get ready for the excitement that was about to hit the big screen. The courtyard of Plaza Arkadia, which reflected a sea of red, was decked out in true Anfield match-day style with game booths and loads of Liverpool FC fans clinking their cans of Carlsberg Danish Pilsner and Carlsberg Smooth Draught in the air.

The event soon rolled into high gear with dynamic vocals from SAB A Cappella, which then erupted into applause and cheers as football icons Sami Hyypiä and John Barnes made their way to the stage.

Carlsberg-cum-Liverpool FC fans then quickly gathered as they were rewarded with a meet and greet and photo taking session with the LEGENDS before the curtain raised on the first match of the evening.

The atmosphere at Plaza Arkadia replicated a close representation of the football fever that typically engulfs the stadiums of the Premier League, as Carlsberg continues to deliver the best viewing events in town with immersive activities, entertainment and matches, ticking all the boxes of a football enthusiast. The getup, such as the overall décor, game stations and locker room replica will also continue to be housed at Plaza Arkadia from 28 August to 3 September 2022 for football lovers to enjoy.

For those who could not pop over for the recent Carlsberg x Liverpool FC LEGENDary Experience held at Plaza Arkadia, you can still stand a chance to win the limited-edition keepsake cans when you purchase six full pints, 10 half pints, two buckets or one tower at your favourite bar or when you spend a minimum of RM20 at convenience stores or RM30 at super and hypermarkets and 99 Speedmart on either Carlsberg Danish Pilsner, Carlsberg Smooth Draught or Carlsberg Special Brew.

Consumers can also get the set for free when they buy RM300 worth of Carlsberg Danish Pilsner, Carlsberg Smooth Draught or Carlsberg Special Brew at super and hypermarkets and 99 Speedmart, official Carlsberg’s online stores.

For more exciting news keep up to date by visiting www.carlsbergfootball.com. Be sure to ‘Like’ and ‘Follow’ CarlsbergMY on Facebook at www.facebook.com/CarlsbergMY for the latest updates!

And remember, as part of advocating responsible consumption, #CelebrateResponsibly – if you drink, don’t drive.

 

MAGGI Raised Over RM40,000 for Charity Homes in East Malaysia

Grand winner Ms. Rabiyahton Binti Diwa from Sabah received Toyota Hilux from MAGGI®

29 August 2022 – The recently-concluded MAGGI® “Jom Masak & Berkongsi Bersama” campaign which celebrated the Tadau Kaamatan and Hari Gawai festivities in Sabah and Sarawak respectively, raised a total of RM42,437 in aid of the underprivileged communities.

Proceeds from the campaign will be channeled to three charity homes – the Malaysian Red Crescent Society in Sabah; as well as Hope Place and Special Needs Society Kuching in Sarawak. The beneficiaries will receive upgrades to their existing living facilities as well as contributions including furniture, food and household supplies, which will be distributed to members and communities in need, including people with intellectual disability and welfare homes.

According to Ms. Geetha Balakrishna, Business Executive Officer of MAGGI®, Nestlé (Malaysia) Berhad, “We are deeply grateful and humbled by the love and support we have been receiving from the communities in the East Malaysia over the years.  It is indeed a privilege for us to celebrate the Tadau Kaamatan and Hari Gawai festivities together with the community, while extending our helping hand to the underserved segments of the society through our MAGGI® “Jom Masak & Berkongsi Bersama” campaign.

Geetha Balakrishna presents Toyota Hilux to grand winner Mr. Mohamad Shamsuddin Bin Sanusi from Sarawak

“The response to the MAGGI® “Jom Masak & Berkongsi Bersama” campaign has been amazing as we’ve received a total of more than 400,000 contest entries! Through our campaign partnership with the charity homes, we will now channel the raised funds to these deserving communities as part of our corporate social responsibility (CSR) activation and thus mirroring the hope, humanity and spirit of the Harvest Festival,” said Geetha.

Datuk Asnan Yunus Chung, Chairman of the Malaysian Red Crescent Society in Sabah extended his heartfelt gratitude for the contributions from the MAGGI® campaign. “The funds will be used to improve the conditions of our transportation vehicles to ensure we are able to efficiently deliver food and other critical supplies to the underserved communities, especially in the rural areas,” said Datuk Asnan.

“We have and will always hold dearly to the phrase ‘It takes a caring society to raise a special child’. The contributions received via MAGGI® will be used to upgrade the condition of our operation centre, which directly benefit individuals with learning disabilities within the community,” said Mr. Joseph K L Chuo, President of Special Needs Society Kuching (SNSK).

The MAGGI® “Jom Masak & Berkongsi Bersama” campaign ran from 1 May to 30 June 2022, with MAGGI® contributing RM0.10 for every contest entry received. Ms. Rabiyahton Binti Diwa, 40 years old, from Sabah and Mr. Mohamad Shamsuddin Bin Sanusi, 57 years old, from Sarawak were declared the grand prize winners to drive home a brand-new Toyota Hilux Double Cab 2.4E (AT) 4X4 each. Meanwhile, 4 runners-up from the two states received cash prizes of RM2,000, each.

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