Is Malaysia really better?

Malaysia looks good for foreigners.

In reality for many locals, is it really better?

Malaysians took RM145 billion out of their pension fund to cushion the impact of the pandemic. More than half aged below 55 ended up with less than RM10,000 in their accounts. 

Most don't have much to retire on?

I know those who are retiring are withdrawing all their funds from EPF because they know it is going to collapse soon.

Is it really better than US, UK, Europe or the rest?