‘Question of life and death’: NGOs in Southeast Asia fear the worst for vulnerable groups amid sharp USAID cuts

Arlina and Pereira both acknowledged that some factors are more difficult to fund than others when it comes to obtaining money from politicians, brands, or businesses.

In contrast to, say, ecology, Pereira said, human smuggling is typically” not so beautiful, or doesn’t provide the PR image that a lot of contributors are looking for.”

Pereira fears that if there aren’t enough labor rights organizations working to protect migratory staff ‘ happiness, the US may reverse its decision to suspend foreign aid.

He said,” We are not overdependent on US aid; it’s just the nature of the development world,” calling on the governments of Asia and Africa to help bridge the funding gap by funding their own civil societies.

HOW CHANGES WORLD AID

According to Pereira and other experts, the global humanitarian aid system needs to change in order for it to continue operating responsibly.

Most foreign help is currently” sucked up” by local NGOs and UN organizations, Pereira noted, with little passing down to smaller rivals on the ground.

Rosalia Sciortino, the founder and director of SEA Junction, added that the current system has far too much waste and much money going to tiny civil society organizations.

She stated at the panel discussion in Bangkok that” we need to acknowledge that there was a need to offer more to nearby societies and organizations.”

” We as civil society must all learn about saving and reducing waste in our wasting,” he continues. Therefore, it’s not just the cash we receive; it’s also how we use it, making sure our organization’s conservation is attained.

Reformation may be challenging in an environment of blanket breaks, according to John Luke Chua, a member of the USAID-funded Asia Counter Smuggling in Persons job.

” I’ve heard requests for localization, more flexible financing, and stronger help for the community. Otherwise, he told the board, “what we have best nowadays is a strong centrist change that prioritizes political expediency over evidence-based impact.”

” Funding choices are no longer influenced by whether programs actually accomplish what they set out to do, but rather by whether or not they coincide with short-term social calculus.”

Sara Piazzano, a freelancer and project manager, observed greater changes occurring as governments around the world are more willing to offer concessional mortgages in place of their own.

These types of loans are typically low- or zero-interested, and can be obtained from institutions through specialized programs and partnerships with international organizations, including multilateral institutions. They reached record highs in value worldwide in 2023.

Japan is carrying that out. Nearly all of the development aid was relocated there. China, of course, has always followed this strategy. According to Piazzano, “perhaps this is the future that we are going to see,” noting that Indonesia, Vietnam, and India are the main recipients in Asia.

” I was anticipating that Bangladesh would have a significant impact without USAID.” However, she said,” USAID is nothing if you compare what they are getting from the World Bank.” &nbsp,

According to data, Bangladesh’s World Bank funding was five times higher than USAID’s in 2023.

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In latest acquisition, Catcha Digital acquires Theta Service Partner to enter banking software sector

  • Conditional agreement for 92.5% in Theta Service Partner for approximately US$7.9m cash
  • Strategic entry into banking software sector for Catcha Digital as it builds out its digital ambitions

From left (standing): Helen Wong (Partner, Messrs Tay & Helen Wong); Lim Cheah Hoay (Associate, Cheang & Ariff); Choy Chong Hwai (Manager, Finance & Administration, Theta); Chan Chong Yoong (Head of Technical Department, Theta); Yoon Ming Sun (Partner, Cheang & Ariff); Chin Yi Hong (Senior Investment Analyst, Catcha Digital); Justin Tee (Associate, Cheang & Ariff); and Eugene Gan (Senior Associate, Cheang & Ariff).  From left (sitting): Hew How Fong (Director & Chief Technology Officer, Theta); Mark Leong (Chief Commercial Officer, Theta); Eric Tan (CEO, Catcha Digital); and Oscar Ong (Vice President of Investments, Catcha Digital).

Catcha Digital Bhd announced on Wednesday its third acquisition in just the month of March, matching the three it made in the entire 2024. Its wholly-owned subsidiary, Catcha Theta Holdings Sdn Bhd has entered into a conditional share sale agreement to acquire 92.5% equity interest in Theta Service Partner Sdn Bhd (Theta) for a cash consideration of approximately US$7.9 million (RM35 million) (subject to adjustments as set out in the conditional share sale agreement), which is split into 4 tranches of RM5.9 million, RM6.6 million, RM11.2 million and RM11.3 million respectively.

[RM1 = US$0.22]

The second, third and fourth tranche payments are tied to expected profit after tax of not less than RM3.5 million, RM4 million and RM5 million for the financial year ended/ending 31 Dec (FYE) 2024, FYE 2025 and FYE 2026, respectively. This strategic acquisition marks Catcha Digital’s expansion into the banking software solutions sector, specifically in loan origination software. In FYE 2023, Theta and its subsidiaries (Theta Group) recorded a profit after tax (PAT) of RM3.4 million. This transaction is expected to contribute positively to Catcha Digital’s earnings.

Theta is a leading provider of loan origination software for financial institutions through its flagship product ORIGINS – a comprehensive lending solution that streamlines operations across retail, SME, and commercial segments.

Theta Group has gained traction among major financial institutions globally, maintaining long-term relationships spanning over two decades with some of Southeast Asia’s largest banking groups (ranked by total assets) for their operations across the region, including one of the largest banks in Singapore, one of the largest banks in Malaysia, and a prominent Pan-Asian bank headquartered in Taiwan.

“This acquisition represents a strategic entry into the banking software sector and is well-aligned with our vision of building a comprehensive digital technology group. What particularly impressed us about Theta Group was their deep domain expertise in loan origination systems, evidenced by their long-standing relationships with major financial institutions across multiple markets. Their proven track record in delivering mission-critical software solutions to its long term customers, combined with a proven management team with deep domain expertise, presents compelling sustainable growth opportunities,” said Patrick Grove, Chairman of Catcha Digital.

“Joining forces with Catcha Digital strengthens our ability to capture the significant opportunities we see in the banking software sector. Over our 25-year journey, we’ve witnessed firsthand how critical robust loan origination systems have become for financial institutions’ operations, alongside the tailwind presented by tighter regulation amongst the banking industry globally. The market is now demanding more sophisticated solutions, particularly around artificial intelligence and cloud capabilities. Catcha Digital’s strategic support and regional network will be instrumental as we accelerate our next phase of growth,” said Leong Kwok Hung, Managing Director of Theta.

The proposed acquisition aligns with Catcha Digital’s vision to diversify its business to include information technology solutions business and build the leading digital group in ASEAN, targeting the region’s fast-growing digital economy, valued at approximately RM1 trillion according to Google, Temasek, and Bain & Company’s 2024 SEA e-Conomy report. The Group continues to seek strategic investments and proposed acquisitions that complement its existing segments while expanding its presence in the digital economy beyond digital media.

Including the proposed acquisition of Theta, Catcha Digital has announced six strategic acquisitions in the last five months, each positioned to strengthen its foothold in the digital economy and contribute positively to future earnings. The aggregate expected profit to be achieved by each target company is approximately RM21.1 million, based on their respective 12-month post-completion periods or FYE 31 December 2025 where applicable.

  1. On 17 March 2025, Catcha Digital announced an acquisition of 51% interest in DS Services Sdn Bhd (Digital Symphony) for RM22.95 million. The payment, to be made in three tranches over 24 months, is contingent on Digital Symphony achieving a PAT of RM4.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months. The acquisition has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
  2. On 14 March 2025, Catcha Digital announced an acquisition of 60% interest in Framemotion Studio Sdn Bhd for RM37.32 million. The payment, to be made in three tranches over 24 months, is contingent on Framemotion achieving a profit after tax and minority interest of RM6.8 million in the first 12 months post-completion and RM6.8 million in the subsequent 12 months. The acquisition has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
  3. On 20 Dec 2024, Catcha Digital announced a 60% acquisition of Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million. The payment, to be made in three tranches over 24 months, is contingent on D2D achieving a PAT of RM3.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months. The acquisition has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
  4. On 19 Dec 2024, Catcha Digital announced a 70% acquisition of Tastefully Malaysia Sdn Bhd for RM7.6 million. The payment, to be made in four tranches over 36 months, is contingent on Tastefully achieving a PAT of RM0.5 million for the FYE 2024, RM1.1 million for the first 12 months after completion, RM1.4 million for the subsequent 12 months, and RM1.6 million for the final 12 months. The acquisition has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
  5. On 28 Nov 2024, Catcha Digital announced a 51% acquisition of Nexible Solutions Sdn Bhd for RM11.3 million, which was completed on 22 Jan 2025. The purchase consideration are to be paid in four tranches and is tied to the achievement of the profit after-tax guarantee (PAT Guarantee) over the period of 36 months, broken down into PAT Guarantee of RM0.7 million, RM1.2 million, RM2.2 million and RM3.3 million for the 12-month period ended 31 December 2024, 31 December 2025, 31 December 2026 and 31 December 2027 respectively.

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Why the buzz around investing in China is only getting louder amid US-led trade spats

Growth has recently been a hot topic in the minds of business executives, industry analysts, and investment advisors.

This is in reaction to the government’s decision to impose tariffs of 10 to 25 % on goods from China, Mexico, and Canada. Additionally, it has imposed tariffs on imports of steel and aluminum and pledged to establish mutual tariffs on all US trade partners starting on April 2.

According to Rishi Kapoor, vice president and general investment officer at Bahrain-based other investment company Investcorp, these changes in the US administration have highlighted the benefits of growth.

The value, the benefits of growth, he said to a section at the WEF forum,” This thing that had been shortchanged for a period of time… that’s then up to the fore.”

CHANCES IN CHINA

According to Ziad Chalhoub, chief financial officer of Dubai-based Majid Al Futtaim Holding, a company that owns and operates shopping malls, financial, and resort properties in the Middle East and North Africa, America’s policies are also affecting money flows.

” I believe that emerging markets are going to begin growing back up again, and I believe that will open up a lot of opportunities for businesses around the world, especially in Asia,” he said.

Many people, including James Soutar, a companion at Hong Kong-based Pacat Capital Management, today see potential in China.

Chinese stocks have shown themselves to have a much stronger underlying purchase case than their American counterparts, Soutar told CNA.

He noted that the company has found that Chinese firms outperform their international competitors in terms of percentage, returns on capital, and capital, as well as earnings per share growth, across different sectors.

” In addition, the stocks of those Chinese firms are trading at a considerable pricing discount to world peers,” Soutar noted.

In recent months, the industry has begun to recognize those qualities, but we still think there is still a long way to go.

Given the current political environment, economy players said they are on the lookout for road bumps.

Hu from Primavera Capital Group claimed that China is vulnerable because of its trading business and that tit-for-tat tariffs pose a real threat.

He noted that China also has a sizable local business and a sizable middle-class business.

Domestic demand rises, as evidenced by China’s ability to boost the confidence of the ordinary Chinese consumer and their willingness to invest. Whatever pull brought on by taxes, that will more than make up for it.

He did point out that taxes are terrible, especially if they persist for a long time.

” I hope the two governments ( US and China ) will continue to put the intense emotions aside, come to the table to negotiate, come to a deal, and make sure whatever the tariffs are are temporarily ( and be ) lifted in time for each other’s mutual interests ( and ) the world.”

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Asian calm before Trump’s inflationary storm – Asia Times

The US president may appear to Asia if Donald Trump were willing to pick up some fresh economic cliches.

In recent days, three economy posted weaker-than-expected prices. Consumer prices in Japan dropped from 4 % to 3.7 % year-on-year in February.

Prices in Hong Kong decreased from 2 % to 1.4 % in February. Singapore’s core inflation fell to 0.6 % in February, a near four-year low. Costs decreased to 1.5 % from 1.7 % in Malaysia. Negative pressures are also present in China, of training.

Asia’s experience contrasts significantly with America, where inflation is running hotter than feared at nearly 3 %. By failing to lower interest rates, the Federal Reserve is putting a risk on Trump’s anger.

All of this is about to change however as Trump’s numerous, intertwining trade wars increase costs outside, especially in the US, where consumer prices are expected to rise and fall. And, maybe, bond yields for trading countries big and small.

Consider this a period of quiet before the incoming Trumpian prices wind. A tariff-closed US is currently much more susceptible to inflation threats than trade-focused Asia. But that’s about to shift as Trump does his worst to the international financial and trade techniques.

According to Bradley Saunders, an economist at Capital Economics,” Tariffs are just inflationary, despite what Donald Trump may show people.”

According to University of Wisconsin-Madison economist Lydia Cox,” trying to protect selected industries can really make different industries more susceptible.”

Or, in Trump’s event, make that the whole US business, apparently. Yet optimistic economists worry that Trump’s taxes does bring about both growth and inflation.

We continue to bet on the endurance of the customer, the economy, and corporate profits, but we anticipate that higher recession fears may affect valuation multiples, according to Yardeni Research president Ed Yardeni.

Yardeni adds that” we acknowledge that the challenges of a crisis and a bear market may continue to increase. It all depends on the often unpredictable chairman, who often and boldly refers to himself as” Tax Man,” showing his sturdy support for mercantilist trade policies.

Some people worry that the US is heading in the direction of an inflationary boom and development crater. Recently, Fed officials predicted US gross domestic product ( GDP ) will expand at an annual rate of just 1.7 % versus an earlier forecast of 2.1 %. The numbers “were revised in a stagflationary way,” as JPMorgan scholar Michael Feroli puts it.

For buyers looking to readjust their portfolio and guard against rising choices around recessions, Faris Mourad, an scientist at Goldman Sachs,” we like our recessions long/short set container.”

The brake in US development is quickly changing the calculus for major Asian markets, including China.

According to Shannon Nicoll, an analyst at Moody’s Analytics,” US trade policy under President Donald Trump will loosen international business confidence, which will be a pain for China.” ” Home passions are great,” China has set its progress goal at around 5 %, but it didn’t get there without breaks”.

According to Nicoll, latest statistics indicate that a “rate split in China is warranted.” ” Due to extraordinary deficit-funded spending, a flood of sovereign bonds may hit the system.” This supply of new ties will drive up bond yields and press down bond costs”.

According to Nicoll, the People’s Bank of China has been” signing the concern about a potential Silicon Valley Bank-style crisis, where local financial institutions are purchasing to many bonds at higher prices.” Capital appropriateness ratios would be threatened if these lost price too quickly. A price cut may help keep bond yields fair”.

There may always be an unexpected growth, or President Trump might notice something this week that suggests a tougher line, according to Khoon Goh, mind of Asia study at ANZ Group Holdings. So at this point, it’s challenging for markets to properly value in the danger.

Part of the problem is how badly the inflation-is-transitory deal worked out for buyers. Or for those citizens and global leaders who believed that the Trump 2.0 presidency would focus more on making deals than creating financial mischief.

For those who are unprepared for the enormous trade war that appears to be fueled more by vengeance than financial strategy, things didn’t turn out well.

Never least of which are the lights sure to come as Trump’s plan objectives meet with a China poised to drive up and Washington’s fiscal problems. Federal bond yields are rising as a result of these issues, with higher provides coming from Washington to Tokyo. &nbsp,

On January 20, Trump inherited a national debt exceeding$ 36 trillion. And based on the pundit you follow, Trump may be about to slash the debt in substantial tax cuts, whichever comes first. Or slice it violently with the huge chainsaw that Trump gave to Elon Musk.

Either outcome was present huge risks for worldwide markets. The first could see credit rating organizations snubing and the US loan rising to$ 40 trillion.

Washington was shed Moody’s Investors Service’s most recent AAA rating very quickly. Asia, of course, is instantly on the forefront of the panic that this horror would destroy in friendship, stock and money markets anywhere.

The second scenario could discover Trump’s billionaire donor continue to sabotage government structures that safeguard the value of the dollar and US Treasury securities.

Team Musk is aiming his sights on the Internal Revenue Service in addition to firing federal employees indiscriminately, including some of the people who maintain America’s atomic army. That could have credit score companies doubting Trump Nation’s ability to pull in enough tax receipts to keep pace with rising public debt release.

According to The Washington Post, the US government is anticipating a 10%-plus revenue decline by the April 15 tax registration date in comparison to the prior year. The deficit could reach$ 500 billion.

Adding to these challenges is Trump’s mistaken idea that taxes are revenue-raising equipment. Robert Fry, an independent analyst who is an analyst on US budget issues, says that the issue isn’t actually uncertainty about taxes.

” There is a growing likelihood that President Trump won’t use tariffs as leverage to force other nations to lower their business obstacles, but rather to keep them in effect long-term to increase profits and to bring manufacturing back to the United States.”

The Trump 1.0 levies from 2017-2021 didn’t lift a mathematically significant number of jobs up to the US. Otherwise, the majority of tasks that left China were relocated to Vietnam. According to academics, there is no reason to believe that Trump 2.0 does succeed in the same way that his first White House failed.

Asian central bankers, meanwhile, have reason to worry about what Trump’s haphazard economic vision means for roughly$ 3 trillion of regional savings invested in US Treasuries.

For instance, Musk and his partners were given access to extremely sensitive US Treasury Department data, including the national payment method.

Former Treasury Secretary Robert Rubin, Lawrence Summers, Timothy Geithner, Jacob Lew, and Janet Yellen warned in a recent New York Times op-ed that” no Treasury minister in his or her first weeks in office may be put in the position where it is necessary to convince the nation and the world of our bills system or our commitment to make good on our economic duty.”

Any hint of the selective suspension of congressionally authorized payments, according to them, will constitute a breach of trust and, in the end, will constitute a form of default. And once we lose our credibility, it will be challenging to recover.

Trump also has made no mystery of his dislike of Federal Reserve officials setting US rates independent from political input. Trump criticized the Fed’s failure to ease rates last week, pleading that Jerome Powell “do the right thing” and perform the White House’s wishes.

With US inflation currently well above the Fed’s preferred 2 %, looser monetary policy may lead to a decline in dollar assets. It also might fuel a bubble in stocks and other speculative assets — and real estate.

Given these dangers, the US might have much more success if it concentrated on deregulating and massive subsidies for industries like those that Musk’s private companies rely on.

The US is so susceptible to inflation because of the lack of investment in productivity-boosting industries and technologies.

In the meantime, Asia is doing its best to stay off Trump’s radar screen. There is a risk that burgeoning bilateral deficits could eventually lead to US tariffs on other Asian economies, according to Andrew Tilton, an economist at Goldman Sachs.

Tilton goes on to say that” Korea, Taiwan, and especially Vietnam have seen significant trade gains versus the US,” something Trump 2.0 isn’t likely to reverse. As such, Asia’s top trading nations may try to narrow surpluses to “deflect attention” from Team Trump.

According to Barclays Bank economist Brian Tan,” trade policy is where Trump is likely to be most consequential for emerging Asia in his second term as US president,” inflicting “greater pain” on more open economies.

Suffice it to say that the president doesn’t seem to realize that America’s debt excesses will also challenge the US government. So might the inflationary fallout from his beloved tariffs.

Follow William Pesek on X using the hashtag# WilliamPesek

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New Jia Zhangke film: 20 years of footage to capture a changing China – Asia Times

Caught by the Tides, a new picture from Chinese separate director Jia Zhangke, offers a unique perspective on China’s quick social change in the twenty-first century.

Caught by the Tides follows Qiaoqiao ( Zhao Tao ) and her boyfriend, small-time hustler Bin ( Li Zhubin ), using a combination of documentary footage and scenes that Jia has captured over the past 20 years while making his earlier films.

Qiaoqiao embarks on a journey through fashionable China’s changing landscape after Bin leaves their little town to work for himself on the Three Gorges Dam.

The movie captures both significant structural changes, such as the dam’s construction, and the details of regular details, including altered streetscapes and changing fashion trends.

Jia’s video is a contemplative and peaceful film that dwells on how time passes in a fast-paced world. The movie not just provides a glimpse into Jia’s professional life in a fast changing China, but also provides a look at his professional life as a director.

YouTube video

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describing the counties

Jia was born in 1970. He was born in the Shanxi province of Fenyang during Deng Xiaoping’s economic reform and “opening up” in the 1980s.

Before moving to China to shoot his first movie, Xiao Wu ( Pickpocket ), he studied at the Beijing Film Academy.

His “hometown trilogy” has been given the names of the films he made in Shanxi, including Platform ( 2000 ), Platform ( 2000 ), and Unknown Pleasures ( 2002 ).

YouTube video

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Shanxi is known for its extremely risky coal mining industry. Jia concentrated on the lives of those who were left behind by China’s “economic magic” and on living outside of the city. His use of non-actors, choice for city killing, and sluggish, minimalist style set his function aside from commercial Chinese theatre.

A mesmerizing performance from Zhao Tao, an unknown artist who has since appeared in all of Jia’s early films, is featured in the second movie in the series, Platform. Jia and Zhao wed in 2012, respectively. The director’s after work is largely influenced by Shao’s significant musical collaboration, which emphasizes the portrayal of solid female protagonists.

The history of film and culture

Still Life ( 2006 ), a film that Jia made internationally, was shot in the historic city of Fengjie on the banks of the Yangtze while cities were being destroyed and people were being evacuated in order to make way for the Three Gorges Dam.

Working on Still Life affirmed Jia’s conviction that” movie’s work as memory” is to preserve the manifest before it disappears. Still Life incorporated Jia’s first realist aesthetic with a fresh strange approach, which included a building flying and a enigmatic flying saucer scurrying into the distance.

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This fusion of realism and surrealism is necessary, in Jia’s opinion, to depict China’s rapid traditional transformation. He claims that China’s rapid growth has had an “unsettling, magical effect.”

He has used video, fiction, animation, music music, Chinese theater, and digital images to indicate this by combining all the possibilities of theatre.

influenced by the tides of past

In his most idealistic work to date, Jia continues his experiment with theatre and record in Caught by the Tides.

The COVID epidemic, which prevented Jia from beginning work on a new movie, had an impact on production. Instead, he began to examine the film Yu Lik-Wai, his photographer, and he had been filming since 2001.

Jia describes the process of reviewing the video as “like time-traveling” as he transitioned from his children to the start of the 21st century.

The movie is partially made up of a collection of video footage that Jia and his team spent more than two years editing. Beijing is announced as the number area for the 2008 Olympic Games, and the streets are filled with cheers before a medley of younger individuals dance in neon-lit underwater clubs.

Scenes from Jia’s earlier films are combined with this swirl of video footage. A tale about China’s rapid shift is derived from this combination of archive footage featuring Jia’s standard stars Zhao and Li Zubin.

A woman has a face mask under her chin. She strokes a robot.
Jia began operate on COVID’s Caught by the Tides. MK2 Films

There is something specifically arresting about seeing locations and actors transform before our very eyes as Qiaoqiao guides the audience through the country’s turbulent transformations.

In contrast to the distorted first footage, the final scenes, which were shot with cutting-edge digital cameras, are sleek and cold. It is a reflection of Jia’s individual melancholy of historical change, which leaves the previous untold and makes the lives of regular people untold. The movie, however, suggests that cinema can maintain the past and provide daily experiences dignity and beauty.

A pleasant view of Taiwanese life from the inside is provided by Caught By the Tides. Cinema like Jia’s continues to be in a unique place to encourage a more nuanced understanding of China’s intricate and constantly-evolving history.

Thomas Moran, University of Adelaide lecturer in the department of English, creative reading, and picture

The Conversation has republished this essay under a Creative Commons license. Learn the article’s introduction.

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Madani Government announces US8 million to accelerate MSME digitalisation nationwide 

  • aims to increase MSME resilience and competitiveness through online adoption
  • Through public-private collaborations with government entities and companions, funds were made possible.

Minister of Digital, Gobind Singh Deo (center) together with strategic partners at the Business Digitalisation Initiative.

The Malaysia Digital Economy Corporation ( MDEC ), which is administered by the ministry of digital, along with its implementation partners, has announced the upcoming availability of a total cumulative fund of approximately US$ 338 million ( RMRM1.5 billion ) to help support national business digitalization initiatives.

The fund aims to provide digital solutions for the nation’s micro, small, and medium enterprises ( MSMEs ), made possible by strategic public-private partnerships between government agencies and supporting partners, including financial institutions, digital banks, peer-to-peer ( P2P ) lending platforms, and local service providers. Moreover, it will provide digital financing options to help them with their business operations.

Gobind Singh Deo, the minister of digital, stated at the business digitalisation initiative ( BDI) that the Madani government’s “rakyat”-centric transformative digitalization initiative aims to provide MSMEs with cutting-edge technology solutions to increase their productivity and operational efficiencies.

This initiative is a part of a “whole-of-nation” strategy to ensure MSMEs have access to online solutions, financing options, and expert advice to improve their competitiveness in today’s fast evolving digital economy. The Madani state is accelerating MSME modern adoption with this BDI while encouraging inclusive growth, which will enable businesses of all sizes to prosper in the coming years and decades,” Gobind continued.

To ensure MSMEs receive extensive support across financing, online tools, and capacity building, several memorandums of understanding between MDEC, SME Corp. Malaysia, economic institutions, modern banks, P2P lending platforms, and local service providers were formalized.

Anuar Fariz Fadzil, CEO of MDEC, stated in a statement that the BDI aims to improve MSMEs by strengthening their tenacity, boosting competition, and ensuring their future-proofing through meaningful digital implementation.

” This program is about tackling real business problems points, whether it be a lack of knowledge, equipment, funding, or simply not knowing where to start,” Anuar continued. It will provide targeted, practical options that are realistic and relevant to their businesses and business objectives.

According to him, “our approach includes tailored assistance, strategic partnerships, access to financing, freemium and cheap e-invoicing solutions built on the Peppol platform, making digitalisation more visible while encouraging MSMEs to level locally and internationally.”

Rizal al Nainy, the CEO of SME Corp. Malaysia, stated that the partnership between MDEC and SME Corp. Malaysia aims to raise awareness of digitalization among MSMEs through jointly designed electric transformation initiatives. Our responsibility at SME Corp. Malaysia is to make sure that MSMEs are not forgotten in the modern business. By collaborating with MDEC, we are fostering a more focused and unified habitat that addresses the real challenges that MSMEs face.

21 MDEC-accredited e-invoicing service companies will provide MSMEs with shareware and cheap e-invoicing options as part of this effort. Visit https ://mdec.my/bdi for more information on BDI.

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Money Talks Podcast: MT Explains – Risks you need to know with putting money into digital financial platforms

Here is a transcript of the conversation:  

Andrea Heng, &nbsp network
In the case of Chocolate Finance, they initially halted transactions before setting aside money because there was a rise in people putting money away.

But there are many possible causes for more folks to want to go to the ATMs and withdraw their money, right? It could even be a rumor, in some cases. But when does it start to become a significant issue? Because of the user’s view, I need to be aware of the warning signs that this is going to be a bank emergency and that I better get my money out. &nbsp,

Avishek Nandy, Bain &amp, Company:
So first of all, investment platforms, they need safeguards or reserves in place when making promises to customers regarding instant withdrawals ( and ) rewards etc. For instance, if I invest my money in an investment system that invests it in a fixed income bank or a money market fund, the liquidation of that fund does not occur right away. &nbsp,

However, I need to have enough reserves in place if I promise to give the buyer instant liquidation because it might take two days to sell the fund while I will give you in the interim.

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The Russian bear cannot be tamed with more food – Asia Times

Vladimir Putin felt insulted in 2014 when Barack Obama, the then-president, claimed that Russia was only” a local authority that is threating some of its immediate neighbors, not out of power but out of frailty.”

Obama’s assertion is still valid 11 years afterward, and three years after Putin’s whole invasion of Ukraine. The issue is that both Vladimir Putin and Donald Trump act more like they are powerful than weak.

The reality of the conflict indicates then. Russia’s defense has lost 900,000 lives since February 2022. According to new images released by Britain’s Ministry of Defense, 200 000 to 250 000 men have been killed and the rest have been seriously injured.

Russia’s military accounts for 8 % of the country’s total GDP, making up 40 % of its federal budget.

However, despite all those deaths and all that money, Russia has remained in complete control of just 20 % of Ukraine’s province and has made little progress inside Ukraine for the past three months.

Russia’s just recent successes have been in preventing Russian troops from leaving Kursk, Ukraine’s border region, which Ukraine invaded past August. A significant portion of that happened when Trump abruptly curtailed US knowledge support for Ukraine. The Russian forces are still not completely expelled from Kursk.

Russia’s economy has shown it can sustain Putin’s war’s protracted loss, but that does not imply that the nation is powerful.

The market has remained upright thanks to the exports of oil, gasoline, and other supplies to China, India, and other buyers, whereas Russian banks have been forced to provide subsidized loans for agriculture, security, and design. This is only storing up problem, though.

The Russian central bank has increased interest rates to 21 %, indicating that without the subsidized loans, the economy would come to a halt and many borrowers would go bankrupt. This is done in order to control inflation.

The truth about the conflict is that it was the product of an authoritarian leader using only his defense and patriotic rhetoric as his only means of defense. The reality is that Putin may not want to stop the fighting because Russia’s economy would be in serious trouble if war spending were to slow down or stop.

Obama was wrong to say that about 11 years before, but his response was incorrect. If he and his Western allies had firmly and strongly responded to Putin’s aggression, Russia might have been forced to back.

Instead, they continued to purchase Russian gas and invest in new pipelines, which eventually fueled Putin’s attempt to continue his tyrannical invasion and ultimately his bloody, pointless invasion.

Both Trump and Western leaders now need to keep this odd balance between Putin’s personal power and Russia’s national frailty at the forefront of their minds.

Trump’s actions in 2014 seem to have been similar to those of Obama and German Chancellor Angela Merkel: in his private negotiations with Putin on March 18 and in his overseas policy discussions with Russian authorities in Moscow, as opposed to obstructing him to do so.

All of Trump’s “enormous monetary deals” are about this, according to the man who suggested, perhaps encouraged by Putin himself, that if only peace may be achieved, both America and Russia would benefit from all kinds of financial benefits. The myth that the Russian carry can be tamed if only it receives plenty of food to eat is the story of the Nordstream oil refineries under the Baltic Sea all over again.

However, neither Putin nor the other ex-KGB officials around him need any more foods because they are already wealthy beyond all of their wildest dreams.

They have no reason to care about the Soviet economy as long as the Putin administration’s hold on power is strong. To the extent that they are concerned, keeping the conflict going is their top priority, since that is what the business and employment are currently primarily focused on.

Putin won’t get drawn into harmony, he won’t. He has no need to give in to the romance of “deals,” nor is he even necessary to be interested in the chat that German, Italian, and other Western companies are now having about resuming purchases of Russian oil once serenity has been reached.

Trump’s deception attempt and talk of German gas purchases will serve as a pretext for his continued assertion that his northern foes are weak and degenerate.

However, force is the only way to bring about a lasting peace, not seduction. We are awaiting confirmation from Trump and his experts as to whether they are capable of real strain on Putin by resumed military support for Ukraine and by imposing “massive restrictions” on Russia, which Trump has threatened but has shown no sign of establishing or even putting into action.

This confirms the fundamental tenet of our time, which is that Europe is ultimately to blame. We must adjust the old phrase and put our income and our martial where our mouth is in order to put strain on a strong Russia and a poor Russia.

Without the assistance of the United States, Britain, France, Poland, and others are making plans for the long term. The European Commission is also developing long-term plans to encourage member nations to borrow more money for defence projects.

The biggest challenges, however, lie in Putin’s opposition to romance, which will require both proving tomorrow’s strength’s ability to deliver forces for a security guarantee and strengthening Ukraine’s resistance today.

A great first step would be for Chancellor Friedrich Merz to grant his predecessor’s refusal to grant the transport of Germany’s long-range Corolla weapons to Ukraine.

Next, the trio of Germany, France, and Britain should make actual, trustworthy plans to send soldiers and air forces to Ukraine, demonstrating that they will be there as soon as a peace is agreed.

The Russian keep can only be truly subdued by such bravery demonstrations.

Previous The Economist editor in chief, Bill Emmott. This article is the English translation of an article that La Stampa published in Italian and was published in his Substack email Bill Emmott’s World View. It can be republished these with kind authority.

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