SY Holdings Establishes Singapore International Headquarters to Explore Web3.0 Ecosystem and Innovative Applications of Stablecoins
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Malay Mail
8 minutes ago
- Malay Mail
Anwar: King's Russia visit a first in Malaysia's diplomatic history, sets stage for tech and trade growth
KUALA LUMPUR, Aug 4 — The state visit by His Majesty Sultan Ibrahim, the King of Malaysia, to Russia, which is at the invitation of President Vladimir Putin, marks a new chapter in Malaysia-Russia bilateral relations. Prime Minister Datuk Seri Anwar Ibrahim said the visit, taking place from August 5 to 10, is expected to boost strategic cooperation across multiple sectors, including bilateral trade, investment, higher education, technology and innovation, as well as people-to-people relations. 'Malaysia has the potential to attract new investments and advanced technologies from Russia, particularly in the fields of energy, aerospace, defence, and smart agriculture, in line with the Madani Economy framework that emphasises competitiveness, sustainability, and shared prosperity,' Anwar posted on Facebook today. More significantly, he noted that the visit reaffirms the role of the Malaysian monarchy as a respected pillar of national diplomacy, enhancing Malaysia's image as a neutral, open, and progressive nation on the global stage. The prime minister said it is also a very historic and significant event with Sultan Ibrahim being the first Malaysian Head of State to set foot in Russia for a state visit since diplomatic relations between the two countries were established in 1967. 'This reflects His Majesty's role as a symbol of national unity and a strategic contributor to strengthening Malaysia's international relations,' Anwar said. Earlier today, Anwar accompanied Sultan Ibrahim at the royal send-off ceremony held at the Royal Malaysian Air Force (RMAF) base in Subang. Russia is currently Malaysia's ninth-largest trading partner among European nations and ranks 28th globally, with a bilateral trade value of RM11.46 billion (US$2.48 billion) in 2024. From January to June 2025, total trade between the two countries amounted to RM4.13 billion. — Bernama
Malay Mail
8 minutes ago
- Malay Mail
MAG's Boeing deal part of long-haul fleet revamp, not tariff pressure, says Tengku Zafrul
KUALA LUMPUR, Aug 4 — The acquisition of Boeing aircraft by Malaysia Aviation Group (MAG) is part of a long-term, phased plan to renew and expand the fleet's capacity, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz. The minister emphasised that MAG's purchase of Boeing aircraft was not a decision made abruptly or due to tariff pressures. He said the decision was based on the need to replace the Boeing 737-800 planes, which have been in operation for an average of 14 years, to ensure the company's operational safety and sustainability. 'In 2016, MAG placed an initial order for 25 Boeing 737-8 MAX aircraft. Since November 2023, 13 planes have been received, with the remainder to be delivered progressively until 2027. 'On March 20, 2025, MAG finalised an additional order for 30 Boeing 737 MAX aircraft, with deliveries expected to take place from 2025 to 2035,' he told the Dewan Rakyat today during the ministerial briefing on reciprocal trade negotiations with the United States. Tengku Zafrul also mentioned that there are 30 more aircraft currently in the planning category, with decisions to be made based on MAG's future growth strategies and plans. 'The value of this acquisition covers not only the aircraft price but also includes engine costs, training, maintenance, and long-term support,' he added. Tengku Zafrul pointed out that Malaysia's aerospace industry would benefit from this decision, with Boeing having long been a key partner in the sector, including through Boeing Composites Malaysia (BCM) in Kedah, which supports Boeing's global supply chain and provides employment opportunities for local communities. 'Malaysian companies such as CTRM, UPECA, SME Aerospace, Plexus, and others are important suppliers of Boeing and Airbus components. Malaysia's aerospace industry contributed RM25.1 billion in 2024 and supports 30,000 jobs nationwide. 'At the same time, the country's tourism sector is showing a strong recovery, surpassing pre-pandemic levels. Boeing itself projects global passenger traffic growth of 4.7 per cent annually over the next 20 years,' he said. Tengku Zafrul added that this investment in new aircraft enabled Malaysia to capitalise on the growth potential of both the tourism and aerospace industries. — Bernama
The Star
38 minutes ago
- The Star
Taiwan cultivates young overseas chip talent with summer camps, university courses
TAIPEI (Reuters) -Dressed in a white protective suit and face mask, Nicolas Chueh listened intently as a guide introduced a series of silver machines used in manufacturing Taiwan's cutting-edge semiconductors. The 16-year-old was among students from eight countries at the summer camp staged to raise interestin Taiwan's most vital industry amid a fast-declining birth rate that could leave tens of thousands of critical jobs vacant. "I myself really enjoy playing video games. So I'm really just always using these semiconductor products," said Chueh, whose parents enrolled him after he expressed interest. The camp, organised by U.S. chip design software firm Synopsys, is among several such events staged by chip companies and Taiwanese universities in recent years as demand for semiconductors, which power most electronics and AI servers, surges across the globe. But for the first time this year, Synopsys, which has significant operations in Taiwan to be closer to the semiconductor supply chain, hosted the events both in Mandarin and English as Taiwan searches for overseas talent. "There is an urgent need to strengthen STEM education from an early age," said Robert Li, Synopsys's Taiwan chairman, who believes the camps can increase interest in the chip industry and help prime some of its future leaders. "That is why we are launching this initiative in Taiwan, where its strength in semiconductors meets the challenge of demographic decline. Taken together, it is clear we must act here first." Given limitations posed by Taiwan's ageing population, Synopsys is also considering hosting camps internationally to spur interest in chip making and designing, he added. The company charges T$33,000 ($1,103) for the English versions and T$10,900 for Mandarin. Chueh, a dual Taiwan-Belgian national who lives in Singapore, said he views semiconductors as an attractive career choice. "I want to lean into it to some extent because I think it will be crucial in the future with AI." SLUMPING BIRTH RATE Taiwan, which has a population of around 23 million, holds outsized influence over the global semiconductor supply chain, thanks to its chip companies such as Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, MediaTek, and UMC. Any decline in the industry poses an existential threat to Taiwan, which faces the threat of invasion from Beijing and draws much of its global significance from the chip behemoths. But job openingsin the semiconductor sector have risen from 19,401 in the second quarter of 2020 to 33,725 in the same period this year, according to 104 Corporation, a local human resources firm. The industry is grappling with a shortage of both highly skilled professionals, such as IC design and semiconductor R&D engineers, and essential production staff, including operators and assembly technicians. Filling those jobs locally is becoming harder each year as Taiwan's annual number of births has dropped from over 210,000 in 2014 to around 135,000 in 2024, according to government statistics. STEM graduates have also fallen by around 15% in that period, Ministry of Education statistics showed. "Growth in Taiwan's semiconductor industry has been quite rapid, faster than what our schools can produce in terms of engineering talent each year," said Leuh Fang, chairman of Vanguard International Semiconductor, a Taiwan-based chipmaker affiliated with TSMC. 'THE FUTURE WORKFORCE' Last year, the National Taiwan University launched a global undergraduate semiconductor program for foreign students, which included Mandarin courses to help them reach the proficiency needed to stay and work in Taiwan. The program now enrols over 40 students from more than 10 countries. TSMC also began looking toward foreign talent by throwing its weight behind a program in Germany's Saxony state, which would send German students to study for a semester at Taiwanese universities before interning at TSMC. Other initiatives are attempting to create interest among children as young as 10. Taiwan's National Yang Ming Chiao Tung University (NYCU) launched an outreach programin July, backed by TSMC, aimed at making chip science fun through interactive teaching tools and online games. "The issue everyone is discussing now is where the future workforce will come from," said NYCU President Chi-Hung Lin. "If they're curious now, they won't reject it later and some may even grow to like this kind of work." (Reporting by Wen-Yee Lee; Editing by Brenda Goh and Saad Sayeed)
