HSBC Thailand taps global connectivity

While maintaining a long-term commitment to growing the company’s business in the Thai business, HSBC Thailand is utilizing its global communication and investment experience to assist both Thai and international customers in growing their businesses globally.

According to Mr. Gamba, the lender may keep assisting its customers in expanding and diversifying their onshore market investments.

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  • Giorgio Gamba, HSBC Thailand’s Chief Executive Officer

The institution seeks to become Thailand’s top global bank for outbound business by assisting the growth of sizable Thai corporations both locally and internationally.

According to Chief Executive Officer Giorgio Gamba of HSBC Thailand,” Globalization is the company’s power in connecting our clients to new business prospects within Asean and past.”

In order to better serve the nation’s high-net-worth people and their people, HSBC Thailand has been constantly improving its functions there.

The bank may keep assisting its clients in expanding and diversifying their onshore market investments.

After introducing personal bank to the nation in February 2021, HSBC Thailand launched its upstream asset management division in September 2022. According to him, the lender has been successful in expanding the business segment.

Thailand is one of many nations and industries in the region where foreign direct investment ( FDI ) has increased. One-third of Thailand’s outbound FDI comes from Japan.

As many of China’s businesses are moving their manufacturing facilities to Thailand, China, which ranked second in terms of FDI next year, will play a bigger and bigger part in funding.

Thailand has attracted FDI in a number of sectors, but particularly in manufacturing, Vehicle production, kindness, care, and agriculture.

Additionally, HSBC Thailand wants to maintain its position as the industry leader for northbound foreign trade.

Based on the potential for growth in both the Thai and regional markets, the institution attained its position of leadership.

Asean, however, continues to be the fastest-growing trade bloc in the world, providing both businesses and investors with considerable wealth and trade opportunities.

We have ambitious development plans here because Thailand is a nation where we see great potential to grow and grow our business, according to Mr. Gamba.

With revenue increasing 28 % and profit increasing 55 % year over year, HSBC Thailand announced an impressive performance in 2022, setting a record high for the same period. To achieve these extraordinary rates of growth, it is essential to build strong relationships with customers, workers, and the larger group.

Additionally, the bank will keep funding its current operations, which include general bank, market and securities services, and private banking by investing in people, online infrastructure, among other things.

According to him, HSBC Thailand has finished a capital increase in response to the rise of local businesses.

The state method of HSBC was created concurrently with Thailand’s regional development strategy.

Global connection is the bank’s main business strategy for assisting business clients in investing and growing globally thanks to its extensive network and level of investment expertise.

The lender focuses on assisting clients in growing their businesses in the major financial hubs of the world, particularly in China, the US, Europe, Asean, and the Middle East.

In 42 states, the lender assists Thai users in expanding their businesses.

According to Mr. Gamba, HSBC Thailand has outlined a bold plan to prioritize sustainable funding and investment in order to support the transition to an net-zero world economy.

Thai clients are also encouraged by the bank to plan their portfolios and raise money for green investments.

After achieving$ 21 billion in 2022, the banks pledged to offer$ 1 trillion in green investments and financing by 2030.


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PTTEP looks to a more sustainable future

Although CEO Montri Rawanchaikul is aware of the financial need for reliable energy sources, he promises that the company will generally keep the environment in mind.

One of PTT Exploration and Production Plc’s( PTTEP ) main goals, according to Chief Executive Officer Montri Rawanchaikul, is to find ways to lessen the environmental impact of its operations, particularly by lowering carbon dioxide emissions.

At PTTEP, Mr. Montri has been a driving force behind efforts to cut carbon dioxide emissions and open the door for environmentally friendly methods.

  • Best Director in Sustainable Energy Visionary Leadership
  • PTT Exploration and Production Plc’s CEO, Montri Rawanchakul

Mr. Montri acknowledged that the company still needs to find enough energy to support the Thai business, but he cautioned against ignoring the environmental impact of this effort.

Mr. Montri has assisted the company in promoting projects to reduce carbon dioxide emissions, looking for new alternative & nbsp, energies, and paving the way for operations to be more sustainable as someone who sets policies and strategic plans for PTTEP.

One such initiative is creating Thailand’s first carbon capture and storage ( CCS ) facility at the Arthit gas field in the Gulf of Thailand, one of many initiatives to assist the government in reducing carbon dioxide emissions.

According to Mr. Montri, the CCS project is in line with the company’s efforts to combat global warming as well as the environmental, social, and corporate governance ( ESG ) principles, which support business growth and environmental and societal preservation.

A set of requirements known as ESG is said to be capable of promoting business sustainability.

According to Mr. Montri,” we anticipate the CCS job to keep up to 1 million kilograms of carbon dioxide during oil output at Arthit within 2027.”

The project’s initial front-end engineering and design period has already been finished by the business. The CCS ability is anticipated to begin operations by 2027.

Because the ground in the Gulf of Thailand is a fall area, which is suitable for the storeroom of carbon dioxide, there is significant potential to save it, amounting to about 40 million tonnes per year.

According to Mr. Montri, PTTEP is also working with five French and North Korean businesses to produce clean hydrogen in Oman.

Water molecules are broken down into oxygen and hydrogen using electricity generated from solar energy to produce clean hydrogen, which is used to fuel manufacturing and power generation processes.

This task demonstrates that the business is not just interested in the exploration and production of gas; it is also looking for fresh ways to develop new sources of energy.

PTTEP and its partners received a 47-year yielding to produce clean hydrogen at Block Z1 – 02 in Dugm, eastern Oman, as part of an agreement they made with Hydrom Ocean SPC, an entity that is governed by the OMAN state.

With an estimated 220,000 tonnes of hydrogen produced every, the manufacturing facility, which will run on 5 gigawatts of solar and wind energy, is scheduled to open in 2030.

These two initiatives show that PTTEP is putting more of an emphasis on its businesses’ environmental concerns, which will help the authorities successfully launch a battle to combat global warming.

Thailand declared at the 26th UN Climate Change Conference, held in Glasgow in 2021, that it is committed to achieving carbon neutrality— a balance between carbon dioxide emissions and absorption — by 2050 and a net-zero target of balancing emissions of greenhouse gases and absorbtion by 2065.

In accordance with the EP Net – Zero 2050 principle, PTTEP also has a program that aims to reach net-zero levels by the end of the year.

According to Mr. Montri,” The CCS and clean hydrogen projects will help PTTEP’s economic efforts, promoting a low-carbon society in Thailand and the rest of the world.”

In the future, PTTEP’s work may be heavily reliant on increased environmental protection.

According to Mr. Montri,” The company will continue to increase its investment in natural gas production, but at the same period, it will also add the greenhouse gas emission issue into the decision-making process of fresh gas projects.”

Federal strength security is crucial to sustaining the nation’s economy, but it must be developed sustainably, which will be made possible by better economic management, he said.


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BYD blowing by Japan for Thailand’s EV market

As the two auto-making companies increasingly compete head-to-head for developing Asian industry, the Taiwanese electric vehicle juggernaut BYD is expanding its reach in Thailand, challenging Japan’s long-standing potency of the local car market.

According to Autolife Thailand, BYD only just entered the Thai automobile market in July 2022, but it already sells more than a third of electric vehicles and on 4 % of all new vehicle sales.

The best three businesses in Thailand are still Toyota, Isuzu, and Honda, but BYD is at the top of the list of EV manufacturers, representing the future of automobiles. BYD has surpassed four smaller Japanese rivals— Nisa, Mitsubishi Motors, Mazda, and Suzuki — in terms of the total number of vehicles sold in Thailand.

The fall of BYD in Thailand is a result of aggressive sales and marketing strategies. Rever Automotive, which has close ties to the Thai auto industry giant Siam Motors, has been given special dealership rights.

Rever offers a comprehensive support package and is apparently convincing dealers of lesser-known Japanese brands like Suzuki and Mazda to move to BYD.

Design comparisons are difficult, but the BYD ATTO 3 is said to be selling for US$ 30 000 to$ 33 000 in Thailand, compared to$ 43, 000 or more for the Nissan Leaf,$ 50 000 for Toyota bZ4X, and roughly$ 47, 500 for Tesla’s Model 3.

The smaller BYD Dolphin is being sold by Rever for just under$ 20,000, while the larger version is going for about$ 36, 000. Lately, Thailand’s top-selling EV was the ATTO 3.

Regional power scheme plays a significant role. The Thai government wants 30 % of all cars produced in the nation to be electric by 2030. Thus far, the Chinese have seized that chance while the Japanese have no.

The proportion of EVs in full Thai car sales has increased from about 1 % in 2022 to more than 10 % then, helped by incentives.

As part of a plan to help Thailand’s” natural coming,” Prime Minister Srettha Thavisin drove in the BYD Seal at the beginning of October. Chinese Vehicles hardly make an appearance in Thai auto industry statistics, according to Japan’s Nikkei newspaper, which stated that” it was symbolic that the vehicle was a Chinese-made one, not one from Japan.”

Data from Thailand’s Department of Land Transportation revealed earlier this year that battery-powered electric vehicles( Vehicles) from BYD were outselling Nissan vehicles by a margin of more than 50 to 1.

Nissan came in tenth place, SAIC( MG ), Great Wall Motors, Hozon and Geely( Volvo ), Tesla, and, toward the bottom of the list, BMW( including Mini ) and Porsche. BYD finished first in BEV registrations.

BYD began construction on a factory in Thailand in March of last year to make electric vehicles for export to Europe and another ASEAN nations.

It will have a power of 150,000 cars annually, or roughly 10 times as many as the business sold in Thailand during the first eight months of this year, and is located in the Eastern Economic Corridor of Thailand. In 2024, output is expected to start.

The groundbreaking meeting for the Thai stock of BYD. Photo: Twitter

Thailand now houses the Great Wall Motors and SAIC factories in China. Starting next time, GAC Aion, Hozon Auto, and Changan intend to join them.

The wave of Chinese investment will help Thailand maintain its status as Southeast Asia’s auto-producing hub— once known as the” Detroit of Asia”— and give Japan a wake-up call not only in Thailand but also in Indonesia, Malaysia, and other parts of the region.

The Japanese have no choice but to decline without making a quick and significant switch to electric cars after working for years to increase market shares of internal combustion engine vehicles to as high as 90 % in Southeast Asian nations.

According to data from the Japan Automobile Manufacturing Association( JAMA ), 80 % of the 2.8 million vehicles sold in ASEAN in 2021 were passenger cars, trucks, and buses produced by its members. According to more new information, Japan’s market share has since decreased to about 75 % as Hyundai Motor has grown in Southeast Asia as well.

The Japanese must protect a sizable manufacturing base in Southeast Asia. According to JAMA, more than 50 Chinese factories in ASEAN produced just over three million vehicles in 2021.

Of these, 48 % were produced in Thailand, 35 % in Indonesia, 11 % in Malaysia, and the majority in the Philippines and Vietnam. More than a third of the cars produced in Thailand were exported in 2021.

The jobs and supply chain infrastructure that the Chinese auto industry supports is strongly supported by all of these nations. Does the Japanese react quickly enough to prevent losing another sizable portion of the market is the question at hand.

Suzuki in India

In India, where Suzuki Motor plans to convert its company, Maruti Suzuki, into its global EV manufacturing base, the situation is very different.

The enormous potential of the American marketplace, Maruti Suzuki’s hegemonic market share in the nation, and an estimated 20 % lower cost of production than in Japan are all aspects in favor of this choice.

Maruti Suzuki sold just over 40 % of the passenger car market in India in 2022, according to the Federation of Automobile Dealers Associations.

Following it were Hyundai Motor at 15 %, Tata Motors at 14 %, Mahindra & amp at 9 %, Kia, Hyundai, Toyota Kirloskar, and Honda, respectively.

After China and the US, India is currently the third-largest vehicle market in the world. New four-wheeled automobile sales in India increased 28 % to 4.85 million units in the year to March 2023, surpassing the country’s 4.39 million profits, which fell to fourth place.

On an assemblage range in Manesar, Haryana status, workers outfit Maruti Suzuki Swift vehicles. Asia Times Data / Agency image

Similar to Thailand, the American market for electric vehicles is currently expanding. About 15, 000 four-wheeled electric cars were sold in the six months leading up to June 2023, or less than 1 % of India’s general auto industry but up six days year over year. The Indian government wants EVs to account for 30 % of new car sales by 2030, just like in Thailand.

More than 2.7 million electric vehicles( EVs) are found on Indian roads, but almost all of them are two – and three-wheelers, such as rickshaws, bikes, and scooters. In the first half of 2023, Tata Motors, Mahindra & amp, Mahindra, and SAIC( MG ) were the top four-wheeled electric vehicle ( EV ) sellers in India. A dozen cars were also sold by Hyundai, Kia, BMW, Citroen, and BYD.

In the second quarter of 2024, Maruti Suzuki intends to begin producing electric vehicles, with Japan’s export anticipated to begin in 2025. Export to Europe are anticipated to observe, possibly through a partnership with Toyota.

By 2031, Maruti Suzuki plans to increase its annual production capacity from 2.25 million to 4.0 million vehicles, 60 % of which will be battery-electric vehicles( EVs ), 25 % hybrids, and 15 % powered by alternative fuels like gasoline-ethanol blend flex fuel and compressed natural gas.

A new shop in Kharkhoda will produce roughly 1.0 million of the 4.0 million automobiles. Maruti Suzuki, an supplier for more than 30 years, then transports gasoline-powered vehicles to about 100 nations in Asia, the Middle East, Europe, Latin America, and Africa.

The company exported more than 40 % of its total to Africa last year, up about 60 % to 116, 000 units. The Chinese will probably get a run for their money as Vehicles are likely to follow.

Follow this author on Twitter at @ ScottFo83517667.

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Why China really nuked Japan’s seafood imports

China andnbsp suspended all shellfish imports from Japan on August 24, 2023, shortly after Chinese officials released treated waste from the Fukushima nuclear grow into the Pacific Ocean. & nbsp,

While the public’s concerns andnbsp over contaminants may be used to support the decision, the track record of the NBP, which employs plausible deniability, along with Japans adherence to international safety standards and NBSPS, and Chinas’ related radioactive waste management practices, raises questions about China.

The restriction was issued by the General Administration of Customs and came after a protracted & nbsp, disinformation campaign aimed at inciting public dread and implying that political motivations may be at play in the decision. The incident provided Beijing with a pretence to retaliate against Tokyo’s push for increased security assistance with Seoul and Washington.

China was even able to communicate with people both domestically and abroad thanks to it. Beijing stoked anti-Japanese sentiments domestically to deflect attention away from a & nbsp, troubled economy. China echoed concerns raised by Pacific Island countries on a global scale to reaffirm its position as the Global South’s fighter.

China has mastered the use of business as a tool for diplomacy. Trade restrictions for essential minerals andnbsp were imposed on Japan in 2010 as a result of increased regional conflicts in the East China Sea. Following Seoul’s deployment of US anti-missile chargers in 2017, Beijing and NBSp imposed an embargo on North Vietnamese goods and services. & nbsp,

Chinese and Japanese leaders Xi Jinping and Fumio Kishida are shown in a document pictures. Photo: Twitter

Following Canberra’s request for an independent investigation into the roots of Covid-19, China also imposed casual sanctions over a variety of American products. China punishes bad habits by leveraging its sizable market, dominance over crucial supply chains, and nbsp.

China used the World Trade Organization’s guidelines and phytosanitary measures to defend the shellfish restrictions. However, studies in China revealed a government-organized propaganda campaign and nbsp on the subject. State-owned advertising supported the transfer of radioactive effluent with nbsp, paid social media campaigns, and false monitoring, discrediting medical advice. & nbsp,

Chinese diplomatic missions, corporations, and institutions in China were all harassed. The ban being imposed by the General Administration of Customs suggests that the order originated from the & nbsp, top down, as opposed to being the outcome of decisions made by lower-level technical bodies that snowballed into a national policy.

However, if Beijing wanted to change Tokyo’s behavior, seafood would not be an efficient financial stick because it only accounts for a small portion of diplomatic trade. The restrictions primarily runs the risk of having an impact on Chinese businesses because consumers have already stopped purchasing seafood andnbsp immediately.

The forbidding is mainly symbolic, and there may be two reasons for it. Officials from Japan, South Korea, and the United States gathered in Washington the week before the forbidding to improve multilateral assistance. The parties agreed to & nbsp, intensify trilateral defense cooperation, work to combat instability in the Taiwan Strait and the rest of the Indo-Pacific, and denounce China’s South China Sea behavior. & nbsp,

Predictably, the summit did not include any obvious countermeasures but instead prompted China’s condemnation. Beijing had the chance to reprimand Tokyo for its political motives while maintaining a realistic denial and preventing further unrest thanks to the Fukushima case.

Morality signal may be another justification for Beijing’s ban on Japanese seafood. & nbsp,

Japan is also plagued by the effects of the Fukushima nuclear disaster from 2011. TEPCO Photo

China is currently dealing with declining development costs, unheard-of youth unemployment, a faltering real estate market, and nbsp. appeals to & nbsp, endure hardship, and can only do so much to enlist the support of a populace that is disillusioned.

The trade ban and disinformation that stoked nationalist sentiments against the longtime foe Japan gave the Chinese government a valuable ruse to temporarily divert the private audience’s attention from economic issues.

The restrictions is intended to signal support for the South Pacific’s issues on a global scale. As Pacific Island nations become more aware of the risks of contamination, China’s worries about the Fukushima waters’ run echo those of those countries.

Manasseh Sogavare, the prime minister of the Solomon Islands, clearly denounced Japan’s activities, and there were protests in Fiji. Beijing served as the South Pacific countries’ predictor, supporting their promises to gain the support of the region’s increasingly contentious says.

As US-China relations deteriorate, rivalries did intensify, and rivals will seize every chance to charge one another with engaging in geopolitical games. One recent instance of US President Joe Biden’s goal of strengthening the” lattice” of partnerships to influence Chinese behavior is the conditioning of the US, Japan, South Korea, and multilateral assistance.

Beijing has attempted to increase its outreach to the Global South as the United States tightens its stance on its allies, & nbsp, branding Washington’s alliances & ndbp as forms of containment.

China’s action serves as a warning to the United States and its allies— the majority of whom supported the waters’ discharge — that Beijing has no qualms about challenging scientific evidence to charge them with wrongdoing. Additionally, it conveys to the entire area that China does not think twice to increase tension if tensions rise. & nbsp,

The Fukushima event demonstrates how often trade and economic ties will be used as tools of statesmanship.

At the ANU National Security College, Walter Brenno Colnaghi works as a study associate. He has experience working for the Italian Foreign Ministry and the European External Action Service in the Indo-Pacific and has earned a Master of Science from the London School of Economics( LSE ).

This post, which was originally published by the East Asia Forum, has been republished with a Creative Commons license.

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Singapore to remove melamine-related requirements for milk imports, including infant formula, from China

Singapore’s Food Agency( SFA ) announced on Monday, October 23, that it will no longer require imports of milk, milk products, or products containing milk from China due to melamine. Since 2008, when methanol, a plastic-making substance, was found in infant dairy products made in China, the government’s dairy industryContinue Reading

US DoD report a warning of China’s AI war powers

The most recent annual report from the US Department of Defense ( DoD ) to Congress on China’s military and security highlights the growing importance of artificial intelligence ( AI ) in the military planning, development, and modernization of Beijing, raising fresh worries about a potential AI arms race between the two superpowers.

The People’s Liberation Army( PLA) in China is accelerating the development of capabilities to improve its capacity to” fight and win wars” against a” strong enemy ,” fend off outside interference, and project power globally, according to the opening of the report. According to the statement, China” mostly denied, canceled, and ignored bilateral security engagements ,” including DoD demands for military-to-military communication.

The PLA discussed a new” core operational concept” called” Multi-Domain Precision Warfare”( MDPW ), which aims to use AI and big data advances to quickly identify vulnerabilities in the US operational system and then combine forces from various domains to launch precision strikes on those weaknesses, according to the DoD report.

According to the report, MDPW is intended to stand atop an” operational conceptual system-of-systems,” so the PLA will create supporting operational aspects and use calculations, war games, and exercises to test, assess, or enhance these AI-driven capabilities.

It notes that the operating principle connects China’s new corporate guidelines and military doctrine, reiterating themes and assistance while emphasizing what the PLA may be capable of in order to get future wars.

According to the report,” China has designated AI as one of its priority, national level S & amp, T development areas, and assesses that advance in AI and autonomy are central to intelligentized warfare, [ China’s ] concept of future warfare.” China also aims to surpass the West in terms of AI R & AMP, D by 2025 and take the top spot in the world for AI by 2030.

In its 2019 China’s National Defense in the New Era white papers, China outlines its latest proper instructions. According to the document, the PLA adopts effective defense principles in the new environment of proper competition and contemporary warfare while concentrating primarily on defense, self-defense, and post-strike response.

Military scientists are frantically speculating on how a regional war with information might break out. Kevin Pollpeter and other authors emphasize the value of information, techniques, and computing power in their October 2021 Center for Naval Analysis review, which describes smart war as the extensive use of AI in all military uses.

According to Pollpeter and others, hybrid man-machine command and control( C2 ) systems are likely to be used in intelligent warfare, with humans maintaining strategic control but having little tactical control over autonomous weapons systems.

They contend that brilliant warfare will spread wars to places like outside space and the ocean where people are unable to function effectively. They also point out that as militaries attempt to sway an enemy’s perceptions through the neglect, decay, and manipulation of data and algorithms, the cognitive domain will become more crucial.

The 21st century may be defined by the competition between the US and China for modern dominance. Facebook and PIME Asia News photo

Pollpeter and others also point out flaws in AI and automatic weapons, including data, real, inflexibility, and ethical concerns with target accountability and discrimination.

In a May 2021 content for Breaking Defense, Dean Cheng notes that the PLA is changing its stance on fighting” local wars under present, high-tech conditions” in order to achieve its goal of preventing nuclear or full-scale conflicts.

Cheng observes that technology, rather than large mass, is extremely important for weapons and tactics. He claims that older weapons and platforms would be improved by the increased use of information and communications technologies( ICT ), such as space-based guidance and communication systems, in wars under informationized conditions. Under these circumstances, he claims, techniques using AI, sophisticated cameras, and networked capabilities will become the norm.

Cheng notes that significant organizational changes made by the PLA in 2015 – 16 were intended to support and carry on those trends within the organization. He does, however, point out that the PLA has struggled with” jointness” and its application because joint operations were viewed as a special case as opposed to the rule of military action.

However, the PLA’s new focus on multi-domain joint operations may result in a greater integration of space, digital, and electronic warfare components, with contemporary technologies like stealth, AI, machine learning and autonomous systems necessarily altering how wars are fought.

According to Cheng, the PLA wants to be” fully mechanized and entirely informationized” by 2027 and is changing its doctrine to take into account the lessons learned from these shifts. He points out that the PLA is constantly integrating gear, doctrine, and organization into its force in addition to training and recruitment in order to change the organization for the 2020s.

MDPW is China’s response to the US Joint All-Domain Command and Control ( JADC2 ) strategy, which aims to integrate sensors and weapons with AI and a robust network. Stew Magnusson mentions this in an article published in July 2023 for National Defense Magazine.

The US DOD’s JADC2 method, which was unveiled in March 2022, aims to bring together disparate data from the US Armed Forces’ six branches onto a single system. This system is anticipated to cover a wide range of assets, including ships, aircraft, and unique soldiers, giving commanders an in-depth understanding of their functional context and particular fields of operations.

To effectively system and work on info on the battlefield while maintaining a strong and dependable network, JADC2 makes use of automation, AI, predictive analytics, and machine learning. Giving the US military a dynamic data advantage against rivals is the strategy’s ultimate objective.

Magnuson asserts that China will attempt to take down and obliterate JADC2’s destroy chain by physically attacking important information nodes, jamming information networks, and engaging in cyberattacks.

By attacking” connectors” like aircraft and satellites, the attacks would aim to sever ties with other branches of the military and extend or defeat operational tempos passively or through” shoot and scooter” techniques.

The threat of a harmful AI arms race is growing due to AI’s crucial role in the military beliefs and strategies of the US and China.

Henry Kissinger and Graham Allison compare the US and the Soviet Union’s Cold War nuclear arms race to the burgeoning AI weapons culture in an essay published this month for Foreign Affairs.

Kissinger and Allison contend that current efforts to contain AI, such as Gary Marcus’ call for a global governmental body, Eliezer Yudkowsky’s proposal to abolish artificial intelligence ( AI ), and Elon Musk, who demanded that AI development be halted for six months, will all fail because they require leading states to cede their sovereignty, which they note no great power will do.

Systems powered by artificial intelligence are redefining battle. Asia Times Files / iStock picture

Additionally, they contend that AI development is personally driven, in contrast to atomic technology, posing a threat to national security interests. They argue that before AI enters society’s security framework, restrictions may be placed on it and specific goals set.

They draw attention to the fact that private businesses have created regulations to lower AI risks and limit risky applications, for as” know your customer’s specifications for sky computing.”

The Biden administration brought the CEOs of seven significant AI businesses to the White House in July for a mutual commitment to establish guidelines to guarantee” health, safety, and faith ,” according to Kissinger and Allison, who suggest establishing standards for AI growth.

In the case of China, they assert that while it lacks the technology necessary to produce cutting-edge electronics, it has the necessary resources to do so in the near future.

They emphasize how the US and China’s efforts in AI may be a part of the world discussion, which will also include the AI Safety Summit and continued UN discussions on the subject. They emphasize that the establishment of an AI international agency akin to the International Atomic Agency ( IAEA ) for nuclear materials is necessary in order to implement the global AI order.

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Hong Kong’s tech sector calls for more financial support for start-ups, as city pushes to be global tech hub

He continued,” For island businesses like Tencent or Alibaba, they have their own growth center in mainland China.” & nbsp,

Hong Kong is more akin to their financial center. Businesses want to base their top management around so they can collaborate on This tactics with their peers in China.

However, Mr. Kwan warned that as part of a de-risking strategy that businesses have used in the past ten years, multinational corporations had re-evaluate whether Hong Kong is an appropriate location to continue parking their local headquarters. & nbsp,

He observed that” Companies have started deploying their software personnel throughout the place.” They do not want to relocate everyone to the same area. It will typically get a blend of Singapore and Hong Kong. Additionally, it will be combined with locations like Tokyo, China, Kuala Lumpur, or Manila.

BOLSTERING THE TECH AMBITIONS OF HONG KONG

Industry players think that utilizing the resources of the Greater Bay Area ( GBA ) can support Hong Kong’s own tech aspirations.

According to Mr. Simon Chan, president of the high-tech area Cyberport, one of our advantages is that we have a sizable market in terms of skills sources as well as the market for company solutions, tech solutions and applications. & nbsp,

According to employment changes, experts from the island, for example, make up 95 % of candidates under Hong Kong’s Top Talent Pass Scheme. & nbsp,

On the other hand, American expats have returned more slowly. & nbsp,

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Indonesia’s China-powered ‘ecocity’ not so clean or green

I first visited Rempang island in the summer of 2022. Greeting me were lush fields lined with coconut and banana trees, picture-book fishing villages with houses jutting into the water on stilts, and boats carrying people between the dozens of islands that dot the Riau archipelago in western Indonesia. I had made the pleasant, one-hour ferry trip from bustling, glass-and-chrome Singapore. This felt like another world.

My hosts (an environmental lawyer and an indigenous Melayu community organizer) and I had reached Rempang from the economic hub of Riau Islands province: the special manufacturing, trade and logistics zone of Batam.

We had gone from Batam to Rempang by crossing one of the six metal bridges that connect the islands of Batam, Rempang and Galang. This network of bridges has turned the islands into an economic zone, now called the Barelang region.

My ongoing research is investigating how the international quest for green energy is reliant on “sacrificial zones” in developing countries. The transition to green energy, far from creating a green new deal for all, is actually reinforcing entrenched inequalities and hierarchies.

Large suspension bridge
Batam Rempang Galang Bridge (Barelang). This bridge connects Batam Island with Rempang Island and Galang Island. Photo: Shutterstock via The Conversation / NPCplastik

I became interested in Rempang when I saw news reports heralding a renewable energy revolution. Companies from Singapore, Portugal and beyond were signing agreements to build vast floating solar farms in local reservoirs in the Batam region. The plan was that the clean energy produced would be transported from the sunlit western Indonesian islands of Batam, Bulan, and Rempang to energy-intensive Singapore via undersea cable.

But on reaching the islands, and visiting the sites named in the news reports, I saw no sign of green energy activity. The waters were placid. There was no solar farm in sight. I shrugged, met friends, ate the freshest possible seafood at a small Kelong restaurant that was half on land and half in the sea, and went back to Singapore on the ferry.

‘A state-backed land grab’

My return a year later could not have been more different. The atmosphere was tense and the roads were lined with armed police. Large military trucks moved ominously on the tar, monitoring the situation. Villagers stood around in clusters, anxious and clutching at straws of information trickling through on WhatsApp and word of mouth about what seemed to be a state-backed land grab.

People were protesting because the 16 villages and 7,500 inhabitants of Rempang are facing eviction, as plans to transform their home into the latest hub for the global green transition gather apace. The Indonesian government and a Chinese-backed business consortium want to move the entire community to another island and turn their home into a huge solar panel manufacturing center, solar farm, and “ecocity”.

Videos filmed by residents from sites of protest show armed military and police clashing with the farmers and fishers of Rempang. The videos, some of which have been posted on social media, show people being thrown to the ground, bleeding, apparently roughed up by state forces. There have been many arrests.

I regularly hear from friends and acquaintances who tell me that police and government authorities have taken to summoning suspected protestors, examining their phones for incriminating evidence, and looking into their home, work lives and tax affairs. Residents are clear this is “harassment” and “pressure” to give up their land and withdraw from the struggle.

Alongside large and publicized confrontations, the residents of Rempang are resisting the everyday encroachments of the proposed project. In local, spontaneous opposition in affected villages, women, including mothers and grandmothers in veils, have blocked roads, preventing government officials from entering villages to measure their land.

Videos show them wailing as armed police approach. In others, young girls and old women can be seen in a semi-conscious state, being taken to hospital after apparent tear gassing.

YouTube video

[embedded content]

But how did things move so fast? From April 2023, news had begun to filter in that a well-connected businessman from Jakarta, who reportedly made his money and reputation through businesses operated on behalf of the Indonesian military, before turning to banking and real estate, was to build a “township” on Rempang.

By August, the better informed in the community had gathered that the planned Rempang project was to be a collaboration between Tomy Winata’s Artha Graha Group, and a Chinese “glass manufacturer.”

By September, Winata himself was granting interviews and talking about his plans for an ecocity. The project – which has the enthusiastic blessings of the Batam economic zone authorities, the provincial government of Riau Islands, and importantly, the central government in Jakarta – is imminent.

It will displace 16 villages on Rempang island and will cover a mind-boggling 17,000 hectares (one square hectare is roughly equivalent to one rugby field). As residents discussed these figures among themselves, they lobbed questions at me: “Why do they need so much land?” and “what will they even do with it?”

An elderly, mild-mannered fisherman I spoke to in August, who was trying to organize resistance to what was then still a mysterious investment pushed by Jakarta and China said he was worried about the community being relocated:

People here have history. Their whole story is in this area. They love this land. They live here. You can make your project here. Welcome. But build it in an empty area. Whatever you do, don’t disturb us. Keep us here, give jobs to our children … When people ask me, where is your village, I say it is Bapke [pseudonym]. Later, what will I say? Our identity will be lost.

From trickles of information to violence

On first learning about the Rempang project, residents petitioned different layers of government, sought meetings, and even went to Jakarta to try and meet officials. Finding them unresponsive, people contemplated taking to the streets.

By mid-August, groups were meeting at local cafes and in the homes of community leaders. They were determined not to give up their land. One member of a group that was congregating in Batam told me “there is a meeting of Melayu youth to plan a protest at Barelang [bridge], and at the mayor’s office [in Batam]. We are here to discuss the situation. We will protest in the coming days”.

By the last week of August, there were demonstrations organized by the community at various locations in Rempang and Batam, and by civil society organizations in Jakarta. Soon, my contacts were talking about “clashes between the community and BP Batam” (the authority in charge of the Batam free trade zone), and larger and larger demonstrations involving not just Rempang residents, but ethnic Melayus from the surrounding islands as well. At these early protests, police forces were present, there was tension, but no violence.

Despite growing opposition, authorities dismissed popular discontent as “miscommunication”. As reported in the press, increasingly incensed residents began to resort to violence, using rocks and glass bottles. These were desperate measures from increasingly desperate people facing the might of the state.

Protestors on the streets holding banners.
Hundreds of people staged a protest against the Rempang ecocity project in central Jakarta on September 20, 2023. Photo: Shutterstock via The Conversation /KevinHerbian

Local and international media, which had initially ignored the Rempang issue, was finally covering it amid escalating “rioting” at Rempang.

A Melayu youth messaged me on Whatsapp recently, saying: “I was called to the police station for questioning … I went through the investigation process [for many hours] regarding the case at [location X]. There was a clash between community and authorities which resulted in eight people being sent to prison.”

Ecocity and mega solar panel production facility

Meanwhile, preparations for the Rempang development have continued apace. It appears that as early as 2004, the Indonesian company PT Makmur Elok Graha (PT MEG), which is part of the Artha Graha Group, secured permission from the Batam Regional People’s Representative Council to develop Rempang. The understanding at the time was for a tourism zone, covering 5,000 hectares. Existing villages were to be preserved in this plan.

Nothing came of the agreement with PT MEG, until 2023. Earlier in 2023, representatives of PT MEG visited houses of notable locals in Rempang and indicated their intention to survey the land.

According to one such local businessperson and community leader, the company did not inform him about what they intended to build. However, in a neighboring village, some people say they were told about a survey for a glass factory, and in yet another, there was apparently talk of a hotel.

Now, in October 2023, the official business and government plans have revealed a much larger development than was suggested in 2004. The “Rempang ecocity” will be an industrial, service, and tourism area, as envisioned in the National Strategic Programme (PSN) of 2023.

It is a joint venture between BP Batam (which incorporates the free trade zone and Free Port Management Agency) and PT MEG. The project aims to attract investment of about 381 trillion Indonesian rupiah by 2080, creating jobs for 30,000 workers. This equates to around US$24.8 billion.

Crucially, there is a major international investor: the world’s largest manufacturer of glass and solar panels, China’s Xinyi Glass. And the “glass factory” is no ordinary enterprise. It is a mega-investment from Xinyi which has reportedly pledged US$11.6 billion for the factory over several decades. In return, it seems, they have been promised Rempang’s land.

In my previous research, I called a similar zone of special economic interest in India, “hydra-like.” That’s because these sought-after zones change shape, name and purpose according to what’s profitable at a particular point in time.

And what’s profitable in Indonesia, and the world today, is the transition to green energy. Therefore, the showpiece of the Rempang ecocity proposal is the mega solar panel manufacturing facility that will probably supply the world with solar panels in the near future.

In the existing vision of the ecocity, there will be several zones for industries, commercial and residential purposes, tourism, solar farms, and wildlife and nature. Rempang currently sustains farmers, fishers, seaweed processors and exporters, traders and shopkeepers, seafood kelongs, ten primary schools, three junior high schools, a senior school, hospitals, tourist guest houses and more. But it seems there is no place for this community in the futuristic vision of “green” Rempang.

A project of strategic importance

The proposed solar panel manufacturing facility, and the Rempang ecocity, may be a portent of a globalized production boom that the government of Indonesia, and its partner countries like China, envision for this region. This economic vision intends to draw on Indonesia’s young and cheap labor, its land and natural resources like silica, nickel and cobalt, and its willingness for regulatory flexibility.

It is this flexibility that made the government declare the proposed Rempang ecocity as a Project of National Strategic Importance, allowing it to bypass social and environmental impact assessments, and acquire land quickly.

The strategic importance of the Rempang project has not been lost on my contacts in Rempang. One of them speculated that the government’s plans to build a new capital city on Borneo could be a motive for closer relations with China. They wondered whether the money for the new capital Nusantara would come from China, and whether that was why their land in Rempang had been “gifted” to the Chinese.

Another said: “Did they ask us? No. They only value investment. Not people.” Still others draw links with China’s Belt and Road Initiative, which has invested heavily in Indonesian infrastructure.

Not far from Rempang is one such investment: the series of bridges that will connect two of the largest islands in Riau province: the Batam-Bintan bridge project spread over 7 kilometers. Funded by the China-led Asia Infrastructure Investment Bank, the bridge will make it even easier to manufacture on Indonesia’s westernmost islands and carry this produce by road and sea to Singapore and the rest of the world.

The Rempang project may also be part of a looming trade war between China, the US and the EU. In 2022, China manufactured three-quarters of the world’s solar panels and produced 97% of the silicon wafers that go into them.

A worker installs polycrystalline silicon solar panels as terrestrial photovoltaic power in Yantai, China. Photo: Facebook

So far, the bulk of this production has been in Inner Mongolia and Xinjiang, which have a poor human rights record towards minorities like Uyghurs. Concerns around forced labor and Uyghur “re-education” camps, have attracted sanctions from the West.

This has come with protectionist policies towards emerging solar industries in the EU and America. That is, to encourage national renewables manufacturing and create much needed green jobs, western governments are ready to generously subsidize manufacturers, while heavily taxing imports from competitors like China.

This international trade tussle begs the question: does mass solar industrial manufacturing in a third country allow China to bypass sanctions and retain its domination of global solar panel manufacturing?

Sand: a critical resource in the renewables push

We know that the green transition will require critical minerals like cobalt, lithium and nickel to produce electric vehicles, solar cells and wind turbines. Indonesia has some of the world’s largest deposits of nickel and cobalt, making it extremely attractive for countries and companies involved in the renewables push.

Rempang is not known for critical mineral or metal deposits. Yet, apart from its strategic location in the South China Sea, overlooking Singapore, Rempang is sitting on a crucial resource in the renewables transition: sand. Rempang, and its surrounding islands are abundant in silica and quartz sand, which is the base material for the manufacture of glass, and solar panels.

Mass mining of sand is considered a global environmental crisis that often goes unreported. The world over, a push for infrastructure and urbanization is founded on massive supplies of cement and concrete, which are made from sand. By 2060, the world is expected to require 4.6 billion tonnes of sand. The hunger for solar panels is part of this global sand rush.

Indonesia is at the heart of the sand trade. For years, it has supplied sand to Singapore. Official figures suggest that between 1997-2002 alone, Singapore imported 150 million tonnes of sand from Indonesia. Between 1999-2019, Singapore has shipped in 517 million tonnes of sand from neighbors like Malaysia, Indonesia and Cambodia.

Riau Islands are directly affected, with several islands shrinking significantly in area due to legal and illegal sand export to Singapore. About a quarter of Singapore, including iconic spaces like Marina Bay Sands and the luxury beach and resort area of Sentosa are built on reclaimed land with imported sand.

The losers in this process of land-making have been fishworkers, and others dependent on coastal land and waters, including my contacts in the Riau Islands. Fishworkers I have met speak of muddied waters, islands disappearing and drastic reduction in fish and seaweed at the peak of the sand trade.

In 2003, facing irreversible environmental harm, including rising seawater owing to reduced sand and mangrove plant buffers, Indonesia banned the sand trade. Yet, the illegal trade in sand went on. In 2023, sand is back on the government’s agenda as a legally tradeable commodity. Rempang is very likely to face the repercussions of renewed sand mining.

Compensation: a drop in the ocean

The ecocity and solar panel project are a priority for the government of Indonesia. Ministers have now been deployed to the site to convince locals to support the project, and to hear them out. This includes the investment minister, Bahlil Lahadalia.

At the same time, residents were handed an eviction date of September 28, 2023. Representatives of BP Batam told them to sign consent forms by mid-September or risk losing the compensation on offer. Finally, villagers were made aware of the terms of compensation: a 45-square metre house, on 500 square meters of land. The house and land is estimated to cost around Rp120 million (US$7,557).

Residents rejected the compensation, with some instead demanding a 70-square meter house, 1,000sq metres of land, and Rp200 million in cash. As a political commentator indicated in the local press, if the government were to meet this higher demand, it would cost them Rp1.04 trillion for compensating all residents. When the proposed investment in the ecocity is Rp381 trillion, what is a compensation amount of a little under 0.3% of the total cost?

While the government is finally in talks with people at Rempang, and as compensation is being discussed, some people have already signed relocation papers. Some say they have been under intense pressure to do so.

This, however, is not the narrative being pushed by BP Batam which is now trying to win a PR war. In its latest press release, it claimed: “most residents at some point have voluntarily accepted the shift.” It quoted the head of BP Batam, Muhammad Rudi, as saying, “there is no coercion or intervention,” and that the choice to be relocated was being made “purely from the hearts of the people” who support the ecocity project.

But others are holding out, convinced that “the Melayu cannot be bought”, or moved from their land. The idea that the local Melayu community is not for sale was repeated by many of my contacts. The powerful slogan was also printed on posters that have gone up in Rempang villages in the gathering movement against the glass factory and ecocity.

Rumors and threats that the resistance at Rempang will lead to the cancellation of the project are beginning to be circulated. These have been denied at the highest levels but protests have forced the government to postpone the eviction date, even as they remain determined to start solar panel production at Rempang by 2024.

The government has also been compelled to negotiate with protestors regarding compensation, and has shifted the site of relocation from Galang Island to Tanjung Banon, a district in the south-eastern corner of Rempang.

There is also talk of a phased relocation and a reduced project area. Some in the government have suggested that shifting within the same island, and fishing just a few kilometres past their old homes, can hardly even be called relocation.

But for those who continue to resist the project, their only true home is where they currently live, and where their histories lie. Having had to reckon with relocation, residents are asking fundamental questions like: where will our children study? And, will the solar panel factory displace Melayu ancestral graves?

After fighting alone for their rights for months, the people of Rempang finally have assistance from civil society groups and legal aid organizations. In August 2023, a civil society activist from Jakarta told me “there are too many resource and land conflicts in Indonesia. Something or other is always happening on our 17,500 islands. It is hard to keep up, and be involved in everything”.

But from September, prominent civil society groups are assisting the residents of Rempang with a strategy for pushing back. Legal aid has been offered to them relating to their land rights as long-term residents – some of whom trace their connection to Rempang at least to the early 1800s.

The green transition’s collateral damage?

My contacts at Rempang had been contemptuous of the suggested shift to Galang Island, and are not impressed by the alternate, smaller site at Tanjung Banon either.

One said: “How can you take people from 16 villages, and put them in one small island? There will be conflict over land, and fishing. We are all fishers.” Adding to this incredulity is the idea that the government could even consider moving them to Galang — an island they know as the “Vietnamese refugee island”.

Galang housed boat people from Vietnam, Cambodia, and Laos under the auspices of the UNHCR between 1975-1996. These were refugees in limbo, as they sought clearance of paperwork to emigrate to richer countries like the US and Australia. More recently, Galang housed the area’s main Covid emergency hospital.

People I am speaking to are understandably furious at being seen as “residue” by their own government – successors to a land that housed refugees and the sick and dying that needed to be isolated from the rest of society.

It is easy to understand the fury of those being left behind, or even trodden on, in the global march for greener energy. These local populations are, sometimes literally, at the coalface of the transition, yet their needs – and sometimes even their human rights – are deemed of little importance.

It is often Chinese investment, which makes the headlines. But my ongoing research makes it clear that local people as residue is at the heart of this area’s longstanding development model. Indeed, as my writing on the global south more broadly shows, colonial and postcolonial development, and continuing north-south structural inequalities are built on the idea of the residual, racialized, inferior “other.”

The transition to green energy is reinforcing these long-held hierarchies. Events in Rempang are just the tip of the iceberg, as the poorer areas of the south become suppliers in the world’s energy needs.

Batam, and its neighboring islands in Riau, were first conceptualized as an oil trading and logistics zone by US companies and fossil fuel contractors in the late 1960s. The US had aligned with the military General Suharto, against left-leaning nationalist President Sukarno in the fraught Cold War context. With US support, Suharto’s dictatorial New Order ruled Indonesia from 1968-98.

The US was the biggest oil producer in Indonesia at this time, with Caltex, a joint venture between Texaco and Chevron, producing a million barrels of oil per day at its peak. Batam, as a regional logistics – and then a manufacturing and services – hub, is a creation of the Suharto era.

Batam in Indonesia. Photo: Wikimedia Commons
Batam in Indonesia. Photo: Wikimedia Commons

It was a major outlet for the crude oil trade from Batam to Singapore, and further afield. It was also an inlet for refined oil, with Western oil companies and their enablers in Indonesia hiving off profits at the expense of a decimated environment, and a dispossessed local population.

Meanwhile, people on the small islands around Batam receive between four and six hours of electricity a day from the public utility provider. They experience a sense of déjà vu, as their government starts yet another ambitious project with foreign companies. Once more, their resources are to be plowed into a money-spinning investment. They will be residue, to be signed off the land. Except this time, in the hotbed of Rempang, they have decided to fight back.

As the world looks to up its green energy consumption, with attendant demands on resources like sand, land and water, we will do well to consider the likely winners and losers in this process. There is a lot of talk on climate and energy justice in international circles right now. The idea of a green energy transition that can be “just” is absent from the volatile spaces of Rempang.

Faced with losing everything they call their own, the people of Rempang are not waiting for justice to be delivered to them. They are fighting for it on the ground. It might be the only way they will be heard, and counted, in the global green energy transition.

The Conversation approached the Indonesian government and the Artha Graha group for comments but none were received by time of publication.

Nikita Sud is Professor of the Politics of Development, University of Oxford

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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