It is October, and your HR department has just sent the annual reminder: “Contribute to PRS before year-end to enjoy tax relief.” A colleague forwards you a screenshot from a Facebook finance group with the caption “close eyes and contribute, confirm untung.” You open your banking app, transfer RM3,000 into a Private Retirement Scheme fund
A 30-year-old professional in Kuala Lumpur opens his banking app, checks his ASB balance, and pulls up ChatGPT. He types a question that thousands of Malaysians ask every month: “Should I take an ASB loan? The dividend rate is 5.50 percent and the financing rate is 4.30 percent. Does this make sense?” The AI responds