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The Star
20 minutes ago
- The Star
Google offers to blur sensitive sites on its map amid Seoul's security concerns
SEOUL: (Bernama-Yonhap) Google said Tuesday (Aug 5) it will blur sensitive sites on its map and satellite image services to address Seoul's national security concerns ahead of its decision this week on whether to allow the overseas transfer of high‑precision map data, Yonhap News Agency reported. "Just like in other countries, we respect national security and are working closely with the Korean government to protect it," Google Korea said in a statement posted on its blog, citing Cris Turner, vice‑president for government affairs and public policy at Google. "We have already confirmed our commitment with the Korean government to blur satellite images as required, and will be exploring acquiring imagery from approved Korean third parties where appropriate," the company added. The post came just days before a government panel is set to decide whether to approve Google's request to export South Korea's 1:5,000‑scale high‑precision map data. The panel meeting is slated for Friday. In February, the US tech giant submitted an application to the state‑run National Geographic Information Institute (NGII), seeking approval for the transfer of 1:5,000‑scale map data to its data centres abroad. The proposal has sparked a heated debate due to concerns that the export of detailed map data could expose military bases and other sensitive facilities. South Korea remains technically at war with North Korea, as the Korean War ended in a truce, not a peace treaty. Google emphasised that the 1:5,000‑scale map data is a public "national base map," approved by the NGII and already used by most domestic mapping services in Korea. "To handle the millions of simultaneous requests from users worldwide, including those researching travel from outside Korea, Google must rely on its globally distributed data centres for smooth, real‑time processing," the company said. "This technological necessity is why we are applying for permission to run the 1:5,000‑scale national base map through our distributed data centres." Google previously made similar requests in 2007 and 2016, but both were rejected by the South Korean government due to security concerns. The issue had also surfaced in recent trade negotiations between Seoul and Washington, with the map data restrictions cited as a potential non‑tariff barrier against US companies. - Bernama-Yonhap
The Sun
20 minutes ago
- The Sun
Malaysia studies UWO and monthly pension proposals for financial reform
KUALA LUMPUR: The government is carefully evaluating proposals for the Unexplained Wealth Order (UWO) and monthly pension schemes before implementation, according to Finance Minister II Datuk Seri Amir Hamzah Azizan. Speaking at the 2025 National Tax Conference, he stressed the need for thorough study to avoid unintended consequences. 'We will look at good ideas before execution, and I have received suggestions to explore. We will study the matter first and understand the issues involved,' he told reporters. The UWO, previously advocated by former Klang MP Charles Santiago, aims to hold elites accountable for unexplained wealth. On pension reforms, Amir Hamzah highlighted concerns over retirees exhausting lump-sum EPF withdrawals prematurely. 'Many tend to spend the money quickly, leaving insufficient savings in old age,' he said. The proposed monthly pension system targets new EPF contributors, separating funds into retirement savings and pension payouts. The 13th Malaysia Plan outlines this dual-component approach to ensure sustainable post-retirement income. The government remains committed to refining practical implementation methods for both initiatives. - Bernama
The Star
2 hours ago
- The Star
Ringgit ends higher against US dollar on Fed rate cut hopes
KUALA LUMPUR: The ringgit continued to close higher against the US dollar as expectations of an interest rate cut by the US Federal Reserve (Fed) gained momentum, said an analyst. At 6 pm, the local note climbed to 4.2260/2310 against the greenback from Monday's close of 4.2350/2385. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that risky assets such as equities have been rising as a lower interest environment would be positive for corporate finances, especially on their cost of borrowings. Commenting on the US Fed, the economist noted that a series of Fed speakers are expected to shed more light on the future direction of US interest rates. He noted that several Fed officials, San Francisco Fed President Mary Daly, Boston Fed President Susan Collins, and Fed Governor Lisa Cook, will be speaking to the public on Thursday. "Our sense is that the market would want to hear the latest conviction among the Fed as to how the interest rate would evolve in the months to come, especially in the September Federal Open Market Committee meeting," he told Bernama. At the close, the ringgit ended firmer against major currencies. It rose against the Japanese yen to 2.8618/8654 from 2.8652/8677 at the close on Monday, gained versus the British pound to 5.6159/6226 from 5.6296/6342, and was higher against the euro to 4.8772/8830 from 4.8978/9018 previously. The ringgit was also strengthened against regional peers. It improved against the Singapore dollar to 3.2793/2834 from 3.2878/2908, inched up versus the Thai baht to 13.0408/0627 from 13.0452/0616, strengthened against the Indonesian rupiah to 257.8/258.2 from 258.2/258.5 and improved against the Philippine peso to 7.33/7.34 from 7.38/7.39 previously. - Bernama
