Friday, April 26, 2024

Ex-Penang DCM Ramasamy: Animosity between Guan Eng and Kon Yeow will harm state's future




Ex-Penang DCM Ramasamy: Animosity between Guan Eng and Kon Yeow will harm state's future




Former Penang deputy chief minister II P. Ramasamy says the animosity between current Penang chief minister Chow Kon Yeow and his predecessor, Lim Guan Eng, will only harm the future potential of the state. — Picture by KE Ooi

Friday, 26 Apr 2024 2:00 PM MYT



GEORGE TOWN, April 26 — The animosity between current Penang chief minister Chow Kon Yeow and his predecessor, Lim Guan Eng, will only harm the future potential of the state, former deputy chief minister II P. Ramasamy said today.

He said both Chow and Lim may not be on good terms but for the sake of Penang, they should sit together to think intelligently and wisely for the future of the state.


“Unfortunately, the present secretary general of the DAP, Anthony Loke Siew Fook, lacks the seniority, the experience and boldness to resolve once and for all the conflict between these two different senior political personalities,” he said in a statement today.

He was referring to criticisms Lim hurled at Chow recently for the “loss” of a multi-million ringgit integrated circuit (IC) design park to Selangor.


“The continuing feud is something that will work to the advantage of the Perikatan Nasional to take over Penang in the next general elections,” Ramasamy warned.


Joining in Lim's criticisms on the loss of the IC design park, he also said Penang's “unimaginative” leaders are a danger to the future of the state especially after losing the IC design project to Selangor.

“As a result of this loss, more companies have shown interest in investing in Selangor rather than Penang,” he said.

He claimed high-tech investments are moving to other states like Selangor and companies such as ARM Limited and Phison Malaysia are keen to invest in the Selangor IC design park.

“Companies that should have been attracted to Penang in the first place,” he said.

He said Chow is not an aggressive leader like Lim and administers the state on the basis of consultations and consensus.

“However, Chow’s too much reliance on the unimaginative civil servants and not so much on his political colleagues is not good for Penang in the long run,” he said.

“He had bungled on certain development projects in the past undertaken by the Penang Development Corporation (PDC),” he added.

With the state's land limitations, Ramasamy said the state administration needs to come up with bold and imaginative strategies to create and sustain a niche for itself.

“Penang might have lost out on the IC design project or in creating an IC Park, but there are more areas that Penang will lose out to other states in the future if the leadership remains entrapped in the comfort of bureaucracy,” he said.

He said this is the last term for Chow as chief minister so it is time for him to shed his nice guy approach and call for a major conference on future investments in Penang.

“A non-competitive Penang economy helmed by non-imaginative leaders is the biggest danger for the future of Penang,” he said.


No IC design park, no problem: Kon Yeow says high-tech companies set to announce investments in Penang





No IC design park, no problem: Kon Yeow says high-tech companies set to announce investments in Penang




Chief Minister Chow Kon Yeow said Penang may not have an IC design park but that doesn’t mean there are no IC design companies in the state. — Bernama pic

Friday, 26 Apr 2024 4:29 PM MYT



GEORGE TOWN, April 26 — High-tech companies that have shown an interest in Selangor’s integrated circuit (IC) design park are also in discussions to invest in Penang, said Penang Chief Minister Chow Kon Yeow.

The lawmaker said the companies will be in Penang tomorrow to discuss investments in the state.


“The same group of people who went to Selangor are talking to Penang as well and tomorrow they will be here to announce a few investments,” he told reporters here after launching the Northern International Audio and Visual Show Penang here.

He said Penang may not have an IC design park but that doesn’t mean there are no IC design companies here.


“We do have IC design companies in Penang, maybe spread out across different locations, not in a specific IC design park,” he said.


He said not having a park does not mean high-tech IC design companies will not invest in Penang.

He was responding to criticisms by his predecessor Lim Guan Eng and former deputy chief minister II P. Ramasamy that Penang had lost the opportunity to host the IC design park to Selangor which led to the state losing investment opportunities.

Earlier today, Ramasamy also said high-tech investors such as ARM Limited and Phison Malaysia are keen to invest in the Selangor IC design park when they would have invested in Penang.

‘Negative’ factors building in US-China ties, foreign minister Wang tells Blinken





‘Negative’ factors building in US-China ties, foreign minister Wang tells Blinken




The United States is suppressing China’s development, Foreign Minister Wang Yi said today during talks with his US counterpart Antony Blinken who is on a visit to Beijing aimed at resolving trade and policy differences between the superpowers. — Reuters pic

Friday, 26 Apr 2024 3:14 PM MYT



BEIJING, April 26 — The United States is suppressing China’s development, Foreign Minister Wang Yi said today during talks with his US counterpart Antony Blinken who is on a visit to Beijing aimed at resolving trade and policy differences between the superpowers.

Secretary of State Blinken is due to spend several hours with Wang in closed-door meetings at the Diaoyutai State Guesthouse as well as a working lunch, as the two sides try to maintain progress in ties despite a broad and complex agenda.


As the pair settled into their opening session, Wang told Blinken that the “giant ship” of the China-US relationship had stabilised, “but negative factors in the relationship are still increasing and building”.

“And the relationship is facing all kinds of disruptions. China’s legitimate development rights have been unreasonably suppressed and our core interests are facing challenges,” he said.


Blinken replied that “active diplomacy” was needed to move forward with the agenda set by President Joe Biden and President Xi Jinping when they met in San Francisco in November.


“There’s no substitute in our judgement for face-to-face diplomacy,” Blinken said, adding that he wanted to ensure that “we’re as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations”.

Blinken and Wang met in a guesthouse which is part of a sprawling complex of villas, lakes and gardens where many foreign dignitaries, including the then-US President Richard Nixon, have been received.

US State Department officials signalled ahead of the sessions that China’s support for Russia would feature strongly, saying that Washington is prepared to act against Chinese companies that have been helping retool and resupply Russia’s defence industry.

They have said that such assistance risks hurting the broader China-US relationship, even as ties stabilise after being hit by then-House Speaker Nancy Pelosi’s visit to Taiwan in 2022 and the US downing of a suspected Chinese surveillance balloon in February 2023.

Despite increasing high-level exchanges and working groups tackling issues such as enhanced military communication and global trade, stark differences remain.

Hours before Blinken landed in China on Wednesday, Biden signed a biapartisan bill that included US$8 billion to counter China’s military might, as well as billions in defence aid for Taiwan and US$61 billion for Ukraine.

The disputed South China Sea also remains a flashpoint, while the US is eager to see more progress on the curbing of China’s supply of the chemicals used to make fentanyl.

Todd Robinson, Assistant Secretary of State for International Narcotics and Law Enforcement Affairs, and Nathaniel Fick, ambassador-at-large for cyberspace, are among the officials and envoys accompanying Blinken.

Wang laid out China’s position, saying the US must not step on “red lines” covering sovereignty, security and development interests — an apparent reference to Taiwan, the democratically-governed island that China claims as its own, and the disputed South China Sea.

Blinken is likely to meet Chinese President Xi Jinping today before he returns to Washington in the evening, although neither side has yet confirmed a meeting.

He is also meeting China’s minister of public security, Wang Xiaohong.

Ahead of the talks, US Treasury Secretary Janet Yellen also signalled that the Biden administration was not taking any options off the table to respond to China’s excess industrial capacity.

Yellen told Reuters Next in an interview in Washington that China exporting its way to full employment is not acceptable to the rest of the world. — Reuters

ByteDance prefers TikTok shutdown in US over sale: Report

 

al Jazeera:


ByteDance prefers TikTok shutdown in US over sale: Report

TikTok parent would rather have it shutdown in US than have it sold to a US buyer with algorithms, Reuters reported.

US flag and TikTok logo are seen in this illustration taken, June 2, 2023
The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, making a sale of the app with algorithms unlikely [File: Dado Ruvic/Illustration/Reuters]

TikTok owner ByteDance would prefer shutting down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the United States, Reuters reported citing four sources.

The algorithms TikTok relies on for its operations are deemed core to ByteDance overall operations, which would make a sale of the app with algorithms highly unlikely, the sources, who are close to the parent, said on Thursday.

TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.

A shutdown would have limited impact on ByteDance’s business while the company would not have to give up its core algorithm, said the sources, who declined to be named as they were not authorised to speak to the media.

ByteDance declined to comment.

It said late on Thursday in a statement posted on Toutiao, a media platform it owns, that it had no plan to sell TikTok, in response to an article by tech platform The Information saying ByteDance is exploring scenarios for selling TikTok’s US business without the algorithm that recommends videos to TikTok users.

In response to Reuters request for comment, a TikTok spokeswoman referred to ByteDance’s statement posted on Toutiao.

TikTok’s CEO Shou Zi Chew said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban its popular short video app used by 170 million Americans.

Video Duration 24 minutes 46 seconds

The bill, passed overwhelmingly but the US Senate on Tuesday, is driven by widespread worries among US lawmakers that China could access Americans’ data or use the app for surveillance.

Biden’s signing sets a January 19 deadline for a sale – one day before his term is poised to expire – but he could extend the deadline by three months if he determines privately owned ByteDance is making progress.

ByteDance does not publicly disclose its financial performance or the financial details of any of its units. The company continues to make most of its money in China, mainly from its other apps such as Douyin, the Chinese equivalent of TikTok, separate sources have said.

The US accounted for about 25 percent of TikTok overall revenues last year, said a separate source with direct knowledge.

ByteDance’s 2023 revenues rose to nearly $120bn in 2023 from $80bn in 2022, said two of the four sources. TikTok’s daily active users in the US is also just about 5 percent of ByteDance’s DAUs worldwide, said one of the sources.

Algorithms not for sale

TikTok shares the same core algorithms with ByteDance domestic apps like short video platform Douyin, three of the sources said. Its algorithms are considered better than ByteDance rivals such as Tencent and Xiaohongshu, said one of them.

It would be impossible to divest TikTok with its algorithms as their intellectual property licence is registered under ByteDance in China and thus difficult to disentangle from the parent company, said the source.

ByteDance also would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.

In 2020, the Trump administration sought to ban TikTok and Chinese-owned WeChat but was blocked by the courts. The short-form video app has since faced partial and attempted bans in the United States and other countries.

China indicated it would be likely to reject a forced divestment of the TikTok app during a US congressional hearing in March last year.

“China will firmly oppose it [the forced sale of Tiktok],” said a spokeswoman for the Ministry of Commerce at a news conference in Beijing in late March in 2023.

“The sale or divestiture of TikTok involves technology export and must go through administrative licensing procedures in accordance with Chinese laws and regulations.”

China in 2020 unveiled the Export Control Law and the final text extended the definition of “controlled items” from prior drafts. According to state media, the amendment ensures that the exports of algorithms, source codes and similar data are subject to an approval process.

Excluding algorithms, TikTok’s main assets include user data and product operations and management, said two of the people.

ByteDance, backed by Sequoia Capital, Susquehanna International Group, KKR & Co and General Atlantic among others, was valued at $268bn in December when it offered to buy back approximately $5bn worth of shares from investors, Reuters reported at the time.

SOURCE: REUTERS

Guan Eng: Penang has RM2.1b in reserves to spend, shouldn't have lost region-largest IC design park to Selangor





Guan Eng: Penang has RM2.1b in reserves to spend, shouldn't have lost region-largest IC design park to Selangor




The signing of the letter of intent between Sidec and the four strategic partners during the KL20 Summit, April 22, 2024. — Picture courtesy of Sidec

Friday, 26 Apr 2024 9:53 AM MYT



KUALA LUMPUR, April 26 — Former Penang chief minister Lim Guan Eng has reportedly asked the state government to explain the loss of a multi-million ringgit integrated circuit (IC) design park to Selangor despite being able to afford to project.

Lim, who is also the DAP chairman, said Penang’s perfect ecosystem for the Malaysia Semiconductor Accelerator and IC Design Park: Selangor Hub, which has been touted as the largest in Southeast Asia.

“Penang should have vied for the project in the first place,” he was quoted as saying by Free Malaysia Today.

“This will also create thousands of jobs for locals."


Lim said the Penang state government should have spent some money from its reserves to woo the investors as the state has more than RM2.1 billion in reserves as of 2018.


“I was told that the Selangor government has pledged RM65 million for the project and it has received another RM60 million in federal funds.”

“This is an important investment in our future digital, internet-of-things and artificial intelligence technology [capabilities],” he reportedly said.

Lim said as Penang is leading in the sector, a post-mortem should be conducted to pinpoint the state's missed opportunity.

On Monday during the KL20 Summit, Prime Minister Datuk Seri Anwar Ibrahim announced the plan for a hub under the Selangor Information Technology and Digital Economy Corporation (Sidec).

The project involves four strategic partners: British semiconductor giant Arm Holdings, the Shenzhen Semiconductor Industry Association, Bayan Lepas-based IC designer SkyeChip Sdn Bhd, and Malaysia AI Storage (MaiStorage) — the latter being a new venture announced by Datuk KS Pua of Taiwan-based Phison Electronics Corporation, widely regarded as the “father of USB drives”.

Sidec chief executive officer Yong Kai Ping said the Puchong hub is expected to bring in economic returns of RM500 million to RM1 billion.

On Wednesday, Penang Chief Minister Chow Kon Yeow commended the Selangor state government and the federal government initiative, however, he said the state committed to strengthening the state’s position as part of the global chip supply chain.

He said the state government has remained steadfast in securing strategic investments to boost its economy and solidify its position as a preferred investment destination in the Asia-Pacific region.

PN won’t be able to attract sizable non-Malay support, says Zaid

 

FMT:


PN won’t be able to attract

sizable non-Malay support,

says Zaid

FMT Reporters-

The ex-law minister says PH will be able to retain Kuala Kubu Baharu if it can accomplish several things, including equal allocations for elected representatives.

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zaid ibrahim
Zaid Ibrahim said it is challenging for Perikatan Nasional to gain a foothold among Chinese voters.

PETALING JAYA: Former law minister Zaid Ibrahim said while Perikatan Nasional could mount a credible campaign in the run-up to the Kuala Kubu Baharu by-election, it will not be able to attract sizeable non-Malay support.

Zaid, a former PKR and DAP member, said PN should refrain from displaying “extreme tendencies” or making fiery speeches.

PN must also present itself as a responsible party ready to take over the reins of government, he said.

“But there lies the problem. PN will not be able to attract sizable non-Malay support.

“It’s challenging for the party to gain a foothold among Chinese voters,” he said on X.



Zaid said while former Selangor menteri besar Azmin Ali’s popularity would help in swaying non-Malays to PN’s fold, he has to convince the Chinese and Indian voters that their leaders will hold critical portfolios if they can take on Selangor.

Meanwhile, he said, Pakatan Harapan would be able to retain the state seat, which it held for three terms, if the coalition could accomplish several things.

These included equal development allocation for opposition MPs and assemblymen, as well as addressing the issue of the “supplementary order”, which allegedly allows former prime minister Najib Razak to serve the remainder of his prison sentence under house arrest.

“If the above are fulfilled, then PH will be the favourite to retain Kuala Kubu (Baharu),” he said.

Zaid also defended DAP’s decision to name Pang Sock Tao as its candidate for the May 11 polls, saying she was the right choice despite some analysts describing her as a risky candidate.

Tonight, PN named Bersatu’s Hulu Selangor acting chief, Khairul Azhari Saut, as its candidate.

The by-election was called after the seat fell vacant following the death of DAP’s three-term assemblyman, Lee Kee Hiong, from cancer.

PN names ‘local boy’ Khairul as KKB polls candidate

 

FMT:


PN names ‘local boy’

Khairul as KKB polls

candidate

Amirul Aiman-

Bersatu’s Hulu Selangor acting chief, Khairul Azhari Saut, was unveiled as the opposition coalition’s candidate by Perikatan Nasional chairman Muhyiddin Yassin.

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Khairul Azhari Saut
Bersatu’s Khairul Azhari Saut was widely touted to be PN’s pick to contest the Selangor state assembly seat. (Facebook pic)

PETALING JAYA: Perikatan Nasional will field Bersatu’s Hulu Selangor acting chief, Khairul Azhari Saut, to contest the Kuala Kubu Baharu by-election on May 11.

PN chairman Muhyiddin Yassin named Khairul as the coalition’s candidate at an event in Batang Kali tonight.

Nominations for the by-election will be held on Saturday.

DAP’s Pang Sock Tao, who is housing and local government minister Nga Kor Ming’s press secretary, will contest the seat for Pakatan Harapan. DAP has held the Selangor state assembly seat since 2013.

FMT previously reported that Bersatu and Gerakan were both putting forward their candidates to represent PN in the by-election. Each party was lobbying to field a Malay candidate.

DAP’s Lee Kee Hiong, who had held the seat since 2013, died last month after a battle with cancer.

Khairul obtained an executive diploma in management from Universiti Malaya in 2019, followed by a master’s degree in executive business administration from Universiti Malaysia Pahang in 2021.

He is currently the managing director of Global Valley Venture Sdn Bhd.

Khairul previously served as a councillor with the Hulu Selangor Municipal Council. He was also chief executive of Petrogas Resources, head of the oil and gas department at Damini Corp, and a finance executive at Bursa Malaysia.

Muhyiddin said it was important for Khairul to be attuned to the voices of Kuala Kubu Baharu’s residents to effectively champion them in the state assembly.

“A victory (in this by-election) will also send the government another signal that the people in Kuala Kubu Baharu have rejected the government,” he said.