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| Train derails in Taiwan, with at least 36 dead and many injured |
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Posted by: superadmin - 04-02-2021, 03:53 PM - Forum: International News
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A passenger train carrying an estimated 350 people has derailed in a tunnel in eastern Taiwan, killing at least 36 and injuring dozens more, authorities said.
The eight car train, traveling to Taitung, came off the rails in a tunnel just north of Hualien Friday morning, causing several carriages to hit the wall of the tunnel, the government-run Central News Agency (CNA) reported, citing the fire department.
The train driver and 35 passengers were killed, according to Taiwan's Premier, Su Tseng-chang. 81 people have been injured, some in severe condition, while eight people are still stuck in carriages that were badly damaged in the accident.
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| Hadi reminds Zahid about letter inviting PPBM to join MN |
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Posted by: superadmin - 04-02-2021, 03:26 PM - Forum: Politics
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PETALING JAYA: PAS president Abdul Hadi Awang has called for PPBM to be included as a member of Muafakat Nasional (MN), at a time when Umno has decided to cut ties with the party in the next general election (GE15).
Speaking to reporters at an event in Marang, Terengganu, today, Hadi reminded Umno president Ahmad Zahid Hamidi that both of them had previously signed a letter inviting PPBM to join their pact.
“We have agreed before this. I and Zahid have signed (the letter) to invite Prime Minister Muhyiddin Yassin into MN,” he said. “That should be implemented. I can show you the letter.”
He also pointed out that Perikatan Nasional (PN) was a registered coalition, alluding to the idea that all Malay-Muslim groups should work together under the current government.
Asked repeatedly if PAS would continue its alliance with Umno, Hadi skirted the issue and said what mattered most was cooperation, not the name of the coalition they worked under.
He also referred to the previous statement made by PPBM secretary-general Hamzah Zainudin and his PAS counterpart, Takiyuddin Hassan, in which the two parties had decided to work together in GE15.
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| After Undi18 pushed to 2022, 18 Malaysian youths sue PM, EC for right to vote by July |
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Posted by: superadmin - 04-02-2021, 03:19 PM - Forum: Politics
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KUALA LUMPUR, April 2 — A symbolic 18 Malaysian youths sued the prime minister, the federal government and the Election Commission (EC) today in a bid to ensure those aged 18 to 20 can register to vote by July 2021 instead of only after September next year.
In their lawsuit filed today at the High Court in Kuala Lumpur via a judicial review application, the 18 youths are seeking 14 court orders.
This includes a declaration that the government's action in delaying the lowering the voting age from 21 to 18 to be irrational, illegal, disproportionate and amounts to voter suppression.
The other declaration sought is for a declaration that those aged 18 to 20 have a legitimate expectation that they will have the right to vote by July 2021.
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| China’s fastest growing city wants to be the next Silicon Valley |
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Posted by: superadmin - 04-02-2021, 11:27 AM - Forum: Business, Economy and Investment
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China’s fastest growing city wants to be the next Silicon Valley — local systems may get in the way - As China tries to build up its own technology, it looks difficult for other cities to replicate the success of Shenzhen, home to tech giants such as Tencent and Huawei.
- For example, the city of Xi’an has many similar ingredients for success but has lagged so far as analysts point to the dominance of the state.
- Shenzhen also benefits from its proximity to Hong Kong.
BEIJING — As growing pressure from the U.S. pushes Beijing to build up its own technology, local systems are getting in the way.
Over the past forty years, experimentation with business-friendly policies in the southern Chinese city of Shenzhen helped turn it into the equivalent of Silicon Valley with homegrown tech giants such as Tencent and Huawei. But so far, other cities have yet to repeat Shenzhen’s success.
Meanwhile, national urgency for self-sufficiency in tech is central to a five-year development plan announced in March, with ambitious goals for research and development in seven “frontier” technologies such as semiconductors.
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| Shift NEP focus from ownership to production, Putrajaya told |
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Posted by: superadmin - 04-02-2021, 10:53 AM - Forum: Business. Economy and Investment
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PETALING JAYA: Several economists have recommended that the focus of the New Economic Policy (NEP) be shifted from equity ownership to encouraging the growth of Bumiputera-owned micro, small and medium-sized enterprises (MSMEs).
They argue that improving equity may not necessarily translate to better performance or align with Malaysia’s high income goals.
The 12th Malaysia Plan is set to be tabled this year. Noting this, Lee Hwok Aun, an economist with the ISEAS-Yusof Ishak Institute, said there was now an opportunity to rewrite the script for Malaysia’s future.
He said the priority should be on facilitating the growth of Bumiputera-owned MSMEs rather than fixating on ownership.
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| AmBank to raise RM810mil via private placement |
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Posted by: superadmin - 04-02-2021, 10:49 AM - Forum: Business. Economy and Investment
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KUALA LUMPUR: AMMB Holdings Bhd (AmBank) is looking to raise about RM810 million through a private placement, it said in a bourse filing.
The placement comes after the bank said in February it will pay the government RM2.83 billion to settle claims linked to the 1MDB scandal, a hefty payment that is expected to have a material impact on the group’s earnings.
The bank said late yesterday it has proposed a placement of 300 million new shares at an illustrative issue price of RM2.70 per placement share.
Of that, RM806 million is intended for working capital purposes including injection of capital into the group’s operating subsidiaries over a 12-month period, it said.
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| PAS rejects MN, Hadi calls on all parties to join PN in new alliance |
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Posted by: superadmin - 04-02-2021, 10:45 AM - Forum: Politics
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PETALING JAYA: PAS president Abdul Hadi Awang has said the party rejects a consensus that is divided and deviates from the original goals of Muafakat Nasional, the coalition it had formed with Umno.
His comments come days after the party announced it would strengthen its cooperation with the Muhyiddin Yassin-led PPBM to face the next general election, following calls made at the recent Umno general assembly for PAS to clearly state where it stood, with Umno officially declaring its intentions not to contest alongside PPBM.
In a statement, party president Abdul Hadi Awang said it rejected groups that showed disloyalty to the country and prioritised internal politicking over more pressing issues, an apparent reference to its former ally.
“PAS rejects politics that wastes time playing side politics,” he said, which comes when there are “natural disasters and a pandemic that still spreads today”.
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| PAS leader cautions Umno against lonely road to general election |
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Posted by: superadmin - 04-02-2021, 10:43 AM - Forum: Politics
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KUALA LUMPUR, April 2 — Umno and Barisan Nasional (BN) could lose more seats at the 15th general election than in 2018 if the two insist on contesting against current allies, PAS vice-president Datuk Mohd Amar Nik Abdullah said.
Mohd Amar, who is also Kelantan deputy mentri besar, said in an Utusan Malaysia report today that no Malay-based party was dominant enough to win alone and Umno’s decision could deny the community its political power.
“I expect Umno may lose more seats if it contests solo. That is why PAS wants to form a coalition with Parti Pribumi Bersatu Malaysia (Bersatu) and Umno at GE15 later.
“Bersatu cannot win if there’s no coalition. So does Umno. So we hope that both parties alongside PAS will find common ground to resolve differences of opinion,” he was quoted saying by the Malay daily newspaper.
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| The New China Shock |
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Posted by: superadmin - 04-02-2021, 10:33 AM - Forum: Business, Economy and Investment
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Mar 31, 2021 Mark Leonard
Like China's accession to the World Trade Organization in 2001, the country's new strategy for achieving economic self-reliance and geopolitical dominance poses an unprecedented challenge to the West. The difference this time is that Western leaders are no longer committed to a fanciful vision of "reciprocal engagement."
BERLIN – Some months ago, the Chinese authorities approached some of the biggest foreign companies in the country and asked them to tap a representative to participate in a small closed-door gathering on China’s new economic strategy. The meeting was to be with a senior official at an undisclosed time and location, and, according to two people with direct knowledge of the matter who insisted on anonymity to discuss it, companies were asked to send only ethnic Chinese representatives. In both content and form, the episode captured China’s eagerness to make its economy more recognizably Chinese, developing its own technologies and energy sources while relying on domestic consumption rather than on foreign demand.
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