China’s rhetoric turns dangerously real for Taiwanese

Getty Images A supporter of ruling Democrats Progressive Party (DPP) puts a sticker on her face reading "Defense Democracy, stand guard Taiwan" during a Parliament reform bill voting at the Parliament on 24 May, 2024.Getty Images

Calls to reject “die hard” Chinese secessionists, a tipline to record them and punishments that could include the death sentence for “ringleaders” – Beijing’s common rhetoric against Taiwan is turning extremely true.

The democratically-governed area has grown used to China’s says. Perhaps the boats and planes that defend its defenses have become a regular occurrence. However, the current moves to criminalize help for it irritate Taiwanese who reside and work in China and those who reside there.

A Chinese businesswoman from China stated,” I am now planning to accelerate my departure.” This was immediately after the Supreme Court approved changes that would allow for the death penalty for those who had fought for Taiwan’s independence.

” I do n’t think that is making a mountain out of a molehill. The collection is now very unclear”, says Prof Yu Jie, a constitutional scholar at Taiwan’s Academia Sinica.

The 23 million Taiwanese were quickly informed by China’s Taiwan Affairs Office that this is not intended for them, but rather an “extremely small number of hard-line freedom protesters.” The office claimed that the “vast majority of Japanese compatriots have nothing to anxiety.”

However, Taiwanese who are wary claim that they do n’t want to put that theory to the test. Numerous Taiwanese who reside and work in China have spoken to the BBC and said they are either considering leaving quickly or have already left. Some people wanted to get interviewed on-camera, and nobody wanted to get identified.

” Any statement you make right now could be misinterpreted and you could be refuted.” China now encouraged people to report on people, even prior to this new legislation, according to the woman.

Last week, a site that identified Japanese public figures who were deemed “die hard” separatists was made established by Chinese authorities. The website had a list of email addresses where users could mail” facts and crimes” about people they knew or suspect of being named.

According to scholars, Beijing hopes to imitate Hong Kong’s national protection laws, which it argued were required for stability, but they have stoked the pro-democracy movement because original lawmakers, activists, and regular citizens who despise the government have been imprisoned as a result.

Beijing hopes to” slice off the group’s relations with the outside world and to distribute Taiwan’s community between those who support Taiwan’s independence and those who do not,” according to Prof. Chen, a constitutional scholar at Taiwan’s Academia Sinica.

She claims that some Taiwanese who reside in China will almost certainly be prosecuted as a result of the Supreme Court’s guidance.

” This opinion has been communicated to all levels of law enforcement throughout the country. So, this is a way to say to them:” We want to see more cases like this being prosecuted, so go and find one.”

Getty Images Taiwan's President Lai Ching-te waves as he delivers his inaugural speech after being sworn into office during the inauguration ceremony at the Presidential Office Building in Taipei on May 20, 2024. Getty Images

” We must be even more cautious”, said a Taiwanese man based in Macao. He claimed that he had always been prepared for threats, but that the new legal guidance had caused his friends to “express concern” about their future in the Chinese city.

” Patriotic education has become more prevalent in Macau in recent years, with more assertive statements on Taiwan causing a more tense environment than before thepandemic period,” he continued.

Taiwan, which has powerful allies in the US, the EU and Japan, rejects Beijing’s plans for “reunification” – but fears have been growing that China’s Xi Jinping has sped up the timeline to take the island, an avowed goal of the Chinese Communist Party.

For more than 30 years Taiwanese companies- iPhone-maker Foxconn, advanced chips giant TSMC and electronics behemoth Acer – have played a key role in China’s growth. Additionally, the prosperity brought Taiwanese from across the strait who were looking for better jobs and employment opportunities.

When I first moved to Shanghai, I was in awe of it. It felt so much bigger, more exciting, more cosmopolitan than Taipei”, says Zoe Chu*. She managed foreign musicians who were in high demand from clubs and venues in cities across China for more than a decade in Shanghai.

This was the mid-2000s when China was booming, drawing money and people from across the globe. Shanghai was at the center of it; it was bigger, shinier, and more fashionable than any other Chinese city.

My friends in Shanghai were hostile toward Beijing. They called it the big northern village”, Ms Chu recalls. Shanghai was the ideal location. It had the best restaurants, the best nightclubs, the coolest people. I felt like such a country bumpkin, but I learned fast”.

Getty Images Soldiers on board an amphibious ferrying vehicle take part in a river defense exercise as part of the annual Han Kuang military drill, at Tamsui River in New Taipei, Taiwan on July 22, 2024Getty Images

By the end of that decade – in 2009- more than 400, 000 Taiwanese lived in China. By 2022, that number had plummeted to 177, 000, according to official figures from Taiwan.

” China had changed”, says Ms Chu, who left Shanghai in 2019. She has no intention of returning to work for a medical company in Taipei.

” I am Taiwanese”, she explains. ” It’s no longer safe for us there”.

The Taiwanese exodus has been driven by the same things that have pushed huge numbers of foreigners to leave China – a sluggish economy, growing hostility between Beijing and Washington and, most of all, the sudden and sweeping lockdowns during the Covid pandemic.

Taiwanese in China have expressed concern because they are not seen as “foreigners,” which makes them particularly vulnerable to state oppression.

15 Taiwanese nationals are currently being detained in China, according to senior Taiwanese officials, for “violations of the anti-secession law” among others.

In 2019, China jailed a Taiwanese businessman for espionage after he was caught taking photos of police officers in Shenzen – a charge he denied. He was only released last year. In April 2023, China confirmed that it had arrested a Taiwan-based publisher for “endangering national security”. He still remains in custody.

Amy Hsu*, who previously lived and worked in China, claims that because of her job, she is now afraid to even go there. She returned to Taiwan and began volunteering at an NGO that assisted people who had fled Hong Kong in making their permanent residence there.

” It is definitely more dangerous for me now”, she says. ” In 2018, they started using surveillance cameras to fine people for jaywalking, and the system could pick up your face and send the fine right to your home.”

She claims the level of surveillance disturbed her and that it can be used to pursue even visitors, especially those who are on a list of potential offenders.

Getty Images A device to monitor passenger flow is seen at the Bund on March 31, 2023 in Shanghai, China.Getty Images

” Oh I am definitely on the list. I am a hardline pro-independence]guy ] with lots of ideas”, chuckles Robert Tsao, a 77-year-old tech billionaire, who founded one of Taiwan’s largest chip-makers, United Micro-electronics Corporation ( UMC).

Mr Tsao was born in Beijing, but today he supports Taiwan independence and avoids not just China, but also Hong Kong, Macau, Thailand and even Singapore.

Mr. Tsao had a history of hostile relations with China. One of the first investors from Taiwan to establish cutting-edge chip factories in China. However, he claims that the Hong Kong crackdown caused him to change his perspective:” It was so liberating and vibrant and now it’s gone.” And they want to treat us similarly here.

He claims that” this new ruling is actually helping people like me.” He thinks it will backfire, boosting Taiwan’s people’s resolve to stand up for China.

” We have all become criminals because they claim the new law will only affect a select few hard-line independence supporters like me, but so many Taiwanese people either support independence or the status quo, which is the same thing, so we have all become criminals.”

* Names changed on request of contributors

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David Yong from Netflix’s Super Rich In Korea offered S million bail, gets new charge

Singaporean businessman David Yong was charged with falsifying financial statements on Thursday ( Aug 15 ) and given a$ 1 million ( US$ 759, 000 ) bail.

Yong, the 37-year-old chief executive officer of Evergreen Group Holdings, is currently facing four counts related to forged documents.

The most recent accusation centers on his involvement in a Thung Sai Fun that occurred between October 2022 and February 2023, which resulted in a reported profit before tax of about S$ 8 million.

This was with the intent to defraud, the command sheet stated.

Yong showed up in court wearing a dark shirt shirt and showing signs of wan and lack.

In order to be bailed out, he will have to provide loan of S$ 1 million by one principal, or half a million by two sureties, and cooperate with parole conditions.

These include digital naming, following law regulations, and regular reports to the investigation officer.

Theong Li Han, the deputy public attorney, had provided the loan amount of S$ 1 million along with the suggested terms.

She noted that Yong has renounced his Cambodian citizenship and that the police’s Commercial Affairs Department ( CAD ) is still awaiting confirmation from Cambodian authorities.

Ms. Theong argued that the loan amount must be high enough to handle the” still significant number of unaccounted funds” and the high flight risk.

His doctors, Mr Sunil Sudheesan and Ms Joyce Khoo from Quahe Woo &amp, Palmer, argued against the S$ 1 million loan offered by the prosecution, asking rather for S$ 250, 000.

Mr Sudheesan said Yong’s papa, who was in court, would be the trustee.

On the website of Evergreen Group Holdings, Mr. Yong Ing Fatt is a party consultant.

Since he had turned his Cambodian card to the authorities in June 2024 and had presented the investigating officer with documents to show that he had renounced his citizenship, Mr. Sudheesan claimed his client already has no passport in his possession.

There is no argument of stealing or mention of any sufferers in the charges brought against Yong, he claimed, calling the loan amount of S$ 1 million “astronomical in this case.”

” What you have are a number of apparently falsified receipts for home accessories and equipment, furniture and interior design services”, said Mr Sudheesan.

The attorney referred to an oath the investigation official provided in support of the lawyer’s event for S$ 1 million bail, which stated that there appears to be “only a unjust get of$ 240, 000 at the most.”

The prosecution’s Ms. Theong responded that Evergreen has raised significant amounts of$ 63 million in funds since 2019.

” Until now, the funds that can be accounted for are just a small portion, being the$ 7.8 million in the corporate accounts and the loan agreements that total just approximately$ 2.4 million”, she said.

She continued, adding that CAD was looking into this and that imposing a high-enough loan amount was” the cause of problem” needed to be addressed.

The prosecutor acknowledged Yong’s assertions, noting that he has connections with various nations abroad and that CAD is also waiting for confirmation regarding his passport in Cambodia.

Yong may return to court for a pre-trial conference in September.

If convicted of abetting the fabrication of papers, he faces up to 10 years ‘ prison, a great, or both per fee.

History OF THE CASE

On the Netflix show, which features the lives of extremely wealthy people who have established bases in Korea, Yong had declared himself to be one of” Singapore’s top 1 % super wealthy.”

On suspicion that investors ‘ funds had been misdirected, the police announced in early August that CAD was looking into Evergreen Group Holdings ‘ business operations for alleged fraud.

Through the issuance of promissory notes that promised a 10 % annual interest rate, various Evergreen Group Holdings-affiliated businesses were generating money.

According to them, these bank documents, legal tenders where one party promises to give another gathering a sum of money, may have been issued in violation of the Securities and Futures Act.

Companies under the name include Evergreen Grp Holdings, Evergreen GH- formerly known as Evergreen Assets Management ( Singapore ), and Everventures.

According to Evergreen Group Holdings ‘ site, the company was established in the 1990s and now has a reputation in Singapore, Japan, South Korea, Hong Kong, Cambodia, Vietnam and Malaysia.

It started out as a forest business and is now involved in funding, electrical, real property and life industries.

Another 37-year-old male was arrested along with Yong, but he has yet to be charged or named officially.

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eCloudvalley appoints Sandy Woo as Malaysia country director to accelerate business growth

  • Past led the Malay industry for Veritas Technologies
  • Appointment highlights the agency’s commitment to expand cloud adoption

eCloudvalley appoints Sandy Woo as Malaysia country director to accelerate business growth

eCloudvalley Digital Technology, a fast-growing cloud solutions provider and premier Amazon Web Services partner, has announced the appointment of Sandy Woo ( pic ) as Country Director for its Malaysia operations. This strategic shift demonstrates the firm’s commitment to accelerating the adoption of cloud technology and modern transformation in Malay businesses.

Woo, a pioneer with over twenty years of experience in the tech sector, will spearhead eCloudvalley’s effort to simplify cloud systems and make innovative solutions more available to businesses from various industries. Her appointment comes at a critical moment for Malaysia’s ongoing efforts to develop its electric economy blueprint, which aims to make it a high-income, online driven nation.

” This is a fantastic time to work for eCloudvalley, working alongside a team of skilled cloud professionals who are serving an expanding client base. Malaysia is being prepared for accelerated sky adoption and innovation, according to Woo, pointing to Amazon Web Services ‘ plans to launch a new AWS Region around.

She continued,” We are driven to assist and enable firms to fully understand the transformative potential of the sky and advanced systems like generative AI, system teaching, big data, IoT, and more. We have a focused plan and proven skills.

Due to eCloudvalley, Woo led the Malay industry for Veritas Technologies, playing a key role in expanding the company’s business footprint while embodying her aggressive nature to create data-driven results. Woo also held leadership roles with renowned technology companies, including Cisco Systems, CA Technologies, and NTT ( Dimension Data ).

” Our victory at eCloudvalley is measured by our ability to provide advanced, custom sky solutions that create real business value for our clients.” Woo’s visit shows our responsibility to creating a skilled workforce capable of meeting the requirements of Malaysia’s changing market, according to Regional Director Jonathan Que.

She makes the ideal leader for our Indonesian operations because of her thorough understanding of consumer business needs and her knowledge of changing industry trends. Woo is the right prospect not only to push eCloudvalley’s second phase of growth, but also to support our clients innovate, size, and obtain their business targets”, he added.

In Malaysia in 2020, eCloudvalley established its presence during a time of significant disruption, and it has since grown to include a total of 60 cloud professionals. The company has played a pivotal role in helping numerous enterprises, startups, and SMBs navigate the evolving business landscape.

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North Korea to partially reopen for tourism after five years

After nearly five years of border closures as a result of the Covid crisis, North Korea may resume one town to international visitors in December.

Travelers will soon be able to visit the rocky northern area of Samjiyon, according to at least two China-based tour operators.

Reclusive North Korea sealed itself off at the start of the pandemic in early 2020. It started to scale back restrictions only in the middle of last year.

The border closures even prevented imports of essential goods, which contributed to food scarcity that were worsened by international sanctions due to the nation’s nuclear program.

” We believe that Pyongyang and different places may start as well,” according to the official statement that Samjiyon has been confirmed so much. Shenyang’s KTG Tours wrote on its Facebook section on Wednesday.

Beijing’s Koryo Tour said travelers may “potentially” visit different sections of North Korea in December.

Koryo Tours, which has been anticipating this statement for more than four years, expressed its excitement on Wednesday on its site about the return of North Korean tourism.

Samjiyon lies on the feet of North Korea’s tallest hills Paektu, which straddles the China-North Korea border. It is known for its autumn destinations.

According to Pyongyang’s advertising, Kim Il Sung, the leader of North Korea, fought the Japanese occupation forces and started the revolution there. Kim Jong Un’s father is his.

It also claims Paektu is where the candidate’s parents, Kim Jong Il, was born.

According to state media, Mr. Kim reportedly plans to repair its airport, change a military skiing base into a hotel, and construct new railways and hotels for foreign tourists in the area. In recent years, it has been under significant redevelopment.

Mr Kim said strategies to “revitalize global tourism” would be aimed at readers from “friendly” regions.

The Mount Paektu-Samjiyon zone, according to a KCNA report at the time, was intended to be a “four-season hilly tourist area to meet the highest level of social and psychological needs of the people” and to revitalize global tourism.

In light of the strengthening ties between the two countries, North Korea has simply allowed Russian tourists to visit the region since first 2024.

Aside from South Korea, one of the journey companies, Koryo Tours, claimed that the government of North Korea was allowing visitors from all nations to travel there. Yet, the US bans its people from travelling to North Korea.

It was only in August last year that North Korea allowed the return of citizens who were locked out because of border controls, one of the last few countries to do so.

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Successful conclusion of Endeavor’s Future Forum 2.0 – A game changer for Malaysia’s startup ecosystem 

  • Over 3000 business rulers, investors &amp, businesses attended the conference
  • Participants gained insights into M’sia’s business habitat through key discussions

Peter Murray, Head of Financial Services Industry, ASEAN. AWS, Normal Vanhaecke, Group CEO, Cradle Fund Sdn Bhd, Adlin Yusman, Managing Director, Endeavor Malaysia, Jesse Chooi, Scaleup Development, MDEC and Hassan Alsagoff, Regional Head of Loyalty & Marketing ,Grab Malaysia

With Cradle Fund, through the MYStartup initiative, as its patron, along with support from Grab Malaysia, GXBank, Amazon Web Services ( AWS), and Malaysia Digital Economy Corporation ( MDEC ), Endeavor’s Future Forum 2.0 successfully concluded on Tuesday, 13th August 2024, at the Asia School of Business. The occasion maintained a strong participation, with over 300 business leaders, companies, and traders in attendance, matching next week’s numbers.

This consistency, according to Endeavor, demonstrates that the success of the Future Forum last year was not just a case of luck; it was a result of the organization’s continued commitment to bringing in top speakers who have a strong impact on the entrepreneurial community.

This year’s Future Forum 2.0 featured a lineup of speakers, including Endeavor Emeritus Board Member Nazir Razak ( chairman of Ikhlas Capital ), Endeavor Mentors such as Joel Neoh ( co-founder of First Move &amp, Fave ) and Tunku Alizakri Alias ( Former chairman of Penjana Kapital ), Endeavor Entrepreneurs including Aaron Patel ( founder of iHandal ) and Kian Seah ( founder of HHI), as well as Endeavor Pre-ISP candidates such as Nicholas Pinn Yang Lim ( co-founder of Good Foodie Media ), Nadira Yusoff ( co-founder of Kiddocare ), Nurul Syaheedah Jes Izman ( co-founder of Pantas ), and Mark Koh ( co-founder of SUPA ).

The list of speakers continued with Norman Vanhaecke ( group CEO of Cradle ), Fadrizul Hasani ( CTO of GXBank ), Karamjit Singh ( founder of Digital News Asia ), Peter Yong ( founder of Mr. Money TV ), Koichi Saito ( founder of KK Fund ), Sophie Chiu ( principal at AppWorks ), Warren Leow ( CEO of Pixlr Group ), Gerardo Salandra ( CEO of Respond. io ), Rene Menezes ( executive director of Remix Solutions ), Roshan Kanesan ( producer &amp, presenter at BFM), and Fahim Surani ( Solution or Systems architect at Amazon Web Services ).

The attendees, according to Endeavor, gained valuable insights into Malaysia’s business ecosystem, from understanding the Gen AI rebellion to understanding the key factors that entice foreign investors to the local landscape. Additionally, they discussed ways to incorporate ESG into firm plan and learn about the brand-new era of marketing and branding. Importantly, the event’s Legitimate Clinic, in partnership with Zaid Ibrahim &amp, Co ( in association with KPMG Law ), provided personalised legal counsel to companies, reinforcing the agency’s commitment to empowering local companies.

The consistently high attendance for Future Forum 2.0, according to Adlin Yusman, managing director of Endeavor Malaysia, confirms that our technique to developing relevant topics and engaging speakers resonates with the business community. It’s not just about a one-time victory, it’s about continually delivering value and fostering an environment where creativity flourishes”.

He continued,” The company is thrilled by this week’s success and looks forward to returning in 2025 with an even more remarkable Future Forum 3.0.” As Endeavor looks forward, we will continue to support high-impact business owners and foster a vibrant company habitat. The success of Coming Forum 2.0 shows how well on track this goal is, Adlin said.

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Is Australia ‘giving away’ its natural resources? – Asia Times

Speaking on ABC’s Q&amp, A on Monday night ( August 12 ), Nobel Prize-winning economist Joseph Stiglitz claimed Australia was “giving away its natural resources”, something he found “mind-boggling”.

He claimed that “you would n’t have the problems you have today” if Australia made the fossil fuel industry pay for the value of the resources it extracts and paid its fair share of taxes.

Stiglitz appeared to be referring to our “gas income,” or profits-based petroleum resource fee income.

I have thoroughly researched and advised professional forums on this subject for many years, and I concur with him that indeed, we are giving away our success, both to foreign places and to businesses that are located elsewhere.

It’s encouraging to see a global star like Stiglitz highlighting some of our system’s most obvious flaws. The federal government must completely abolish its profit-based offshore oil income in order to restore it to the royalty-based system we used to operate.

Australia’s petroleum resource rent tax, or petrol tax, is a secondary taxes on offshore oil sources. It’s a tax on profits, that is to say, it’s just collected when oil firms ‘ revenues exceed their expenses.

Natural gas compressor station
Despite being a big producer, Australia collects comparatively little income from the oil industry. Stock

Australia is currently one of the world’s leading manufacturers of liquefied natural gas. However, our taxation of the sector has long been excessive.

Thus reduced, in truth, it triggered a national government evaluation in 2017. Michael Callaghan, a former Treasury standard, served as the review‘s impartial expert.

I can remember being asked about my obedience to the assessment, which advocated for significant transformation of existing fuel duty concessions, by Callaghan in early 2017 at my Monash workplace in Melbourne.

However, gas business professionals in Canberra were aggressively lobbying for a change in oil taxation because of” royal risk.”

In the end, Callaghan submitted a report that suggested revenue design changes. However, the changes that the government eventually put into place were essentially window-dressing because, as the income desk below shows, gas tax revenues are still too small.

Screenshot

Figures from 2018 show a sizeable gap between Australia’s gas tax revenue of about A$ 1.1 billion ( US$ 728 million ), and that of our nearest competitors. Qatar collected gas profits that same year of more than A$ 50 billion, and Norway’s special gas tax netted the country A$ 19.5 billion.

It is obvious, even to dispassionate observers like Stiglitz, that Australia’s lackluster gas tax legislation results in a gas industry that does n’t pay its fair share for community-owned natural resources.

Walk away from profits

We used to levy taxes on the offshore oil sector based on the market value of oil produced.

In the 1970s, economists Ross Garnaut and Anthony Clunies Ross created the profits-based income strategy for the previously independent Papua New Guinea fuel economy.

An oil rig seen off the coast of Perth in Western Australia
A profits-based method was originally successful for petrol production, given its comparatively higher profitability. Photo: Ian Geraint Jones / Shutterstock via The Chat

Garnaut was an economic consultant to the Hawke-Keating Government, and in 1983 advocated the reform of national profits. The profits-based duty that replaced it was first applied to earnings from American oil output in 1987, when it generated a respectable amount of income.

But it was later applied to offshore oil production, which is less successful than fuel due to expensive compression, backup infrastructure, and professional high-pressure gas transport requirements.

The fuel tax is delayed by the gas industry’s renowned lower profitability, which prevents the gas industry from enacting it. Companies may run for years without having to pay. In other words, Australia is not being paid for much of its” investment” of oil that is generally sold for trade.

A fair share of taxes

A transfer to offshore oil production’s national royalties may boost government revenues and give the community a fairer outcome.

Some of us may recognize the 2014 reform of mining’s profits-based Minerals Resource Rent Tax, due to its low income. The state repealed the offshore oil profits-based duty in 2019 and is likely to follow suit.

Stiglitz’s studies on how we regulate our natural resources provide another area of reflection. To the disadvantage of our society, we are missing the chance to quite tax things that we can only get again.

Diane Kraal is Adjunct Senior Research Fellow, Business Law and Taxation Dept, Monash Business School, Monash University

This content was republished from The Conversation under a Creative Commons license. Read the original post.

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AUKUS AI drones shadowed by China’s tech supremacy – Asia Times

Cutting-edge AI-enabled AUKUS drone tests show the group’s push for technologically superior military power, but business restraints and Chinese marketplace dominance could stymie its readiness for upcoming conflicts.

The UK’s Defense Science and Technology Laboratory ( DSTL ) reported this month that Australia, the UK, and the US have successfully tested AI-enabled uncrewed aerial vehicles ( UAVs ) that enable human operators to identify and neutralize ground targets.

The trial, which is a component of the AUKUS Resilient and Autonomous Artificial Intelligence Technologies (RAAIT ) series, is reportedly the first real-time military use of autonomous and AI sensing systems, according to DSTL.

The source says that the practice, conducted during the annual US-hosted Project Convergence, showcased creative AI and freedom, substantially reducing target identifying time and minimizing risk to personnel.

Additionally, it mentions that the training demonstrated improved interoperability and access to advanced AI among the AUKUS countries, as well as the potential for protecting defense goods from digital war and GPS problems.

According to DSTL, Commodore Rachel Singleton, head of the AUKUS Defence Artificial Intelligence Center ( DAIC ), stressed the value of interoperable systems developed across the three countries.

According to the cause, the technology, which has been fast developing since its first British test in April 2023, aims to give the military an operational edge against evolving threats.

These creative work may be part of AUKUS Pillar II, which focuses on advanced military features such as computer capabilities, AI and freedom, classical technologies, undersea capabilities, hypersonics and counter-hypersonics, and digital war capabilities.

Small robots have proved to be devastating weapons in the continuing conflict in Ukraine, but AUKUS has probably been slow to adopt them as the core of the tech-driven empire.

The group faces major difficulties in implementing small drones due to high production costs, fierce opposition from Chinese manufacturers, reliance on Chinese components, and source competition from different projects.

Defense One pointed out this month that Ukraine’s powerful annual production of one million first-person-view drones could result in a potential shortfall in the US Army’s small drone production for defense purposes.

Defense One points out that private companies like Skydio and Teal struggle to match demand because of China’s market hegemony and higher generation costs, despite the US Army’s increasing inclusion of drones, inspired by Russian battle successes.

According to the Defense One report, the US Department of Defense’s ( DOD ) slow purchasing and limited assistance create barriers for startups in the drone market. Additionally, it raises questions about the higher price and lower performance of US drones compared to Chinese ones.

However, Breaking Defense reported this month that the US had chosen some systems for Tranche 2 of its Replicator program, which was intended to field large numbers of disposable drones. Previously, the US included the Switchblade kamikaze drone in the program.

Underscoring Australia’s dependence on China for drone capability, Defense Post reported in August 2023 that the Australian government is using 3, 000 Chinese-made drones with components such as cameras, gimbals and batteries blacklisted by the US for their alleged links to China’s People’s Liberation Army ( PLA ).

Due to the absence of a sovereign drone manufacturing base, Australia is more prone to supply chain disruptions, according to Defense Post. Although it claims that Australia has a mature drone ecosystem, it only uses it commercially.

Despite those difficulties, Defense Post reported in February that Australia has awarded contracts worth US$ 800, 899 to 11 domestic companies to develop prototype unmanned aerial systems ( UASs ) for its military.

The source says such a move will further Australia’s sovereign drone industry, create jobs and increase military operational effectiveness.

In March 2024, Breaking Defense reported that the UK’s Royal Air Force (RAF ) 216 Squadron, established in 2020 to test uncrewed aircraft, has not conducted any drone tests. The national military drone strategy’s goal of rapid integration of drone services is challenged by this circumstance, according to the report.

In a parliamentary statement, then-President of the UK, James Cartlidge, noted the squadron’s inactivity and the canceled trial with the Koios intelligence drone due to resource conflicts.

The UK Defense Drone Strategy 2024 recommends investing$ 5.91 billion over the next two years in uncrewed capability, accelerating acquisition reform, building a resilient industrial base, defining digital architectures for seamless integration, and instilling a culture of innovation to spur domestic production.

Although the AUKUS bloc has taken significant steps to address these issues and is facing several challenges, the steps may not be enough.

The situation does not bode well for AUKUS vis-à-vis China, the world’s largest drone manufacturer and arguably the reason for the bloc’s existence.

In keeping with that, WSJ reported this month that China saw an opportunity to modernize its military in comparison to the US while the US focused on the Global War on Terror ( GWOT ).

WSJ notes that AI-enabled drones are critical to China’s military modernization efforts. Although the WSJ report notes that drones with limited autonomy could be deployed in combat in the coming years, fully autonomous drones may be far off.

The report also mentions that China dominates the global drone supply chain and is the market leader in large, complex drones like the MQ-9 Reaper and RQ-4 Global Hawk.

It points out that China’s DJI controls 72.3 % of the worldwide drone market share, while the US struggles to create reliable, inexpensive small drones at scale.

WSJ points out that China has a competitive advantage in developing small-scale systems, giving it an advantage in drone swarm tactics. It also mentions that while the US follows a man-in-the-loop approach to using AI-enabled drone swarms, its potential adversaries, such as China, may not abide by such norms.

Additionally, Mark Milley and Eric Schmidt claim in a Foreign Affairs article this month that the US is not adequately prepared for the developing war zone, which is dominated by autonomous weapons, AI, and unmanned systems.

Milley, until recently the US Joint Chief of Staff, and Schmidt, CEO of Google, point out that despite global competitors ‘ rapid advancements in these technologies, the US has lagged in developing and deploying such capabilities effectively.

They attribute delays to outdated military doctrine, bureaucratic inertia, and a lack of explicit strategic intent when integrating AI and autonomous systems into combat operations.

They claim that this inadequacy is particularly worrying because more and more conflicts rely on these cutting-edge technologies to gain a competitive edge on the battlefield. They warn that ignoring the gaps could make the US vulnerable in upcoming conflicts, where they contend that AI and autonomous weapons systems will be crucial.

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Ministry urges Japan to invest in Red Line

Chinese businesses have been urged by the Ministry of Transport to invest in the Red Line energy train system’s extension systems.

Suriya Jungrungreangkit, the minister of transportation, announced to the media on Wednesday that he had welcomed Otaka Masato, the new Asian adviser, on the event of his Tuesday arrival in Thailand.

Both events discussed continued railroad jobs and Thailand-Japan’s transportation participation.

Also, the government sought Japan’s aid in maintaining the Red Line residential railway, particularly from Japanese companies with expertise in superior railway technology and powerful maintenance.

Mr. Suriya even urged Japan to think about funding the Red Line railway’s expansion projects.

Currently, the State Railway of Thailand ( SRT ) is preparing plans and documents for three extension routes of the Red Line: the Taling Chan-Salaya route ( 14.8 kilometres ), the Taling Chan-Siriraj Hospital route ( 5.7 km ), and the Rangsit-Thammasat University route in Pathum Thani ( 8.84 km ).

After this process is complete, the government will available options for Japan’s railway business to consider investing in these projects, he said.

Mr. Suriya added that the ministry is committed to continuing bilateral cooperation, particularly in the direction of projects like the Brown, Grey, and Dark Blue lines that are based on the Automated Guideway Transit ( AGT ) system of the Gold Line electric train.

The minister also expressed gratitude for Japan’s support of a number of ministry initiatives, including the Bang Sue Smart City Plan, developed in collaboration with the Office of Transport and Traffic Policy and Planning ( OTP), SRT Electric Train Co Ltd., and the Urban Renaissance Agency of Japan ( UR).

He also highlighted the ongoing collaboration between Japan’s Ministry of Land, Infrastructure, Transport and Tourism and Thailand’s Highways Department, the Department of Rural Roads, and the Expressway Authority of Thailand ( Exat ) under a bilateral agreement.

Discussions and page sessions have taken place.

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Antler closes USm SEA Fund II on SEA startups from day zero to growth stage

  • Invest in tech-enabled businesses, focusing on Singapore, Indonesia, Vietnam, Malaysia
  • Over the next few months, US$ 3 million will be earmarked to get invested in Malaysian companies.

Antler Malaysia launched its second cohort in July 2024, welcoming 68 experienced, diverse, and highly skilled founders to join the Antler Residency Program.

Antler, the global early-stage venture capital firm with offices in more than 30 cities around the world including Kuala Lumpur, announced the US$ 72 million ( RM318.3 million ) close of its second Southeast Asia fund, Antler SEA Fund II. The new account will remain investing in early-stage tech-enabled firms in Southeast Asia with pre-launch, pre-seed, and plant money.

Over the next few months, the fund targets to invest US$ 27 million ( RM119.4 million ) in 45 early-stage startups. A portion of the funding will go toward startups created as a result of the Antler Residency Programs, which were held in Southeast Asia and for which Malaysia will receive a total of US$ 3 million ( RM13.3 million ).

Start to startups with co-founders now in the early stages, as well as individuals with the knowledge and ability to be founders, the residency will give exclusive access to a community of entrepreneurs, building expertise, a worldwide network of institutional investors, and capital from day zero. The Malaysian group is expected to begin in October of this year.

The Fund has effectively made investments in a number of appealing businesses in Malaysia, including the blockchain-powered B2B procurement system MessengerCo, diagnostic solutions company Biogenes Technologies, and construction projects control system COEX.

Jussi Salovaara, co-founder and Managing Partner of Antler, said, “SEA Fund II marks the second paragraph in Antler’s vision in backing members from the earliest phases through their development. As a world multi-stage investor, we believe there has never been a better day than now to develop. The development of artificial intelligence, access to capital, and a developing South Asian market have all created a amazing atmosphere for technology and the breeding of global leaders.

Antler SEA Fund II is supported by global and regional minimal companions, with over 50 % of the portfolio composed of institutional shareholders, including a sovereign wealth fund, income bank, and college fund.

The bank’s near comes amid excellent discounts and increasing investor appetite for early-stage opportunities, driven by rapid automation, rising middle class, and strong economic growth leads across the region. Preqin data also indicates a significant increase in early-stage investments worldwide, with seed deal sizes rising by 112 % and Series A deals up 31 % on average.

To support founders from the earliest stages of building to growth stage, Antler has introduced ARC ( Agreement for Rolling Capital ), a newly launched fundraising initiative for early-stage founders to secure up to RM2.65 million, including the initial investment, pro-rata follow-on, and ARC, within the first nine months of a company’s lifecycle.

Antler may also continue to invest up to RM44.21 million of scale-up investment in growth-stage companies from Series A onwards through its emerging development bank, Antler Elevate. The RM1.26 billion fund invests worldwide in breakout firms, including within Antler’s early-stage money.

Antler’s SEA Fund I has invested in 91 companies, including e-SIM market Airalo, system for refurbished digital devices Reebelo, bright point-of-sale system provider Qashier, AI-driven economic data automation platform Bluesheets, and current expense management solution Volopay. Globally, Antler has invested in more than 1, 000 startups across a wide range of industries and technologies.

Beginning in October 2024, Antler Malaysia will begin accepting applications for its third cohort. Startups who are looking for funding or simply the best talents with the goal of creating the most influential companies of the future are encouraged to apply here.

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