MYStartup pre-accelerator Cohort 4 launches with 30 promising startups

MYStartup's Pre-Accelerator Cohort 4's selected startups with Cradle and other partners. Sam Shafie, co-founder of WatchTower and Friends is in the second row (seated in white cap and red t-shirt).

MYStartup, in partnership with WatchTower and Friends, happily announces the selection of 30 high-potential companies for the MYStartup Pre-Accelerator Cohort 4. The MYStartup program, spearheaded by Cradle Fund Sdn Bhd and carried out by the company, aims to encourage the development of product-market suit and contribute to the overall success of the Indonesian startup ecosystem.

Chosen from a dynamic lake of close to 100 candidates across Malaysia, the selected companies may embark on a four-month designed program. The programme covers essential topics, including aligning co-founder goals, crafting mission and vision statements, developing business models, designing and iterating Minimum Viable Products ( MVP), conducting market validation, exploring valuations and funding, and understanding Sustainable Development Goals ( SDGs ) and governance. Individuals gain knowledge and tools to create and scale effective startups through this structured approach.

MYStartup pre-accelerator Cohort 4 launches with 30 promising startupsCradle’s Group CEO, Norman Matthieu Vanhaecke ( pic ), stated that MYStartup is dedicated to advanceing the local startup ecosystem by providing access to essential early-stage support tools and resources like expert mentoring, seed funding, and market access. MYStartup Pre-Accelerator has supported more than 100 Malay businesses in three groups since the first group was launched in 2022. In line with the Ministry of Science, Technology, and Innovation’s goal of placing Malaysia among the top 20 global startup ecosystems by 2030, as defined in the Malaysian Startup Ecosystem Roadmap ( SUPER ) 2021- 2030, this program embodies our commitment to position Malaysia as a key player in fostering innovation and advancement in local and global technology sectors.

” Since 2015, we’ve happily supported Malaysian companies, with many from our WTF Accelerator evolving into the world’s most successful projects. Partnering with Cradle through MYStartup, we’re totally committed to the president’s goal of creating 5, 000 companies by 2025. During this four-month program, our focus is on achieving product-market meet across different industries like SaaS, E-commerce, Edtech, Fintech and AI. We anticipate seeing major accomplishments and ability growth under WatchTower and Friends, according to Sam Shafie, the co-founder of WatchTower and Friends.

The pre-accelerator program offers a coherent bundle for each chosen business, encompassing regular learning modules, hands-on mentoring, on-demand resources, and proper connections within the tech and entrepreneur industry. These solutions have been carefully created to assist businesses in creating viable business versions and securing growth opportunities.

Participants will provide their tested and positive MVP to prospective investors by the program’s conclusion, giving them a crucial opportunity to secure funding and advance their growth trajectory. This organised approach not only prepares startups for long-term victory in the fiercely competitive business environment but also provides them with crucial skills and insights.

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Bangladesh as color revolution on India’s doorstep – Asia Times

American intelligence agencies are often the pinnacle of self-assured victory as they were over the weekend when Bangladesh’s prime minister Sheikh Hasina hastily evicted her from her lavish residences in favor of a more modest government guest house on the outskirts of Delhi.

In a matter of a few hours, the former” Iron Lady” of Dhaka found her position, and perhaps prospects for her life itself, quite unviable, when the head of the armed forces ( who happened to be her niece’s husband ) communicated the troops ‘ refusal to fire at” student” protestors who were gathering in force across the country.

Following the events that brought Muhammad Yunus, a former chief of Grameen Bank and Nobel Prize winner, to power as interim prime minister, several democracies, including the United States and the United Kingdom, refused or revoked her visas.

Such epochal events in a country of nearly 175 million have hardly raised much more than a shrug even amidst a relatively slow ( political ) news cycle in August across the Western world.

If violence, which already targets the government’s majority Hindus, were to spread out into a full-fledged civil war, the internet might be more focused on the summer Olympics, but it would be clear that the events in Dhaka would have much greater significance.

In particular, the side of the US government is evident in the rapid unfolding of events since the middle of June when student protests around a new job quota system of descendants of the country’s freedom struggle immediately erupted into broader protests by a population that had grown increasingly tired of high inflation and higher unemployment of educated younger people.

Massed continuous protests erupted around Bangladesh in accordance with the kit used in” Spring Revolution” nations like Tunisia and Egypt ( which is viewed as more diplomatically aligned to Hasina’s Awami League group ).

The officers and the military were called to help but proved wholly inadequate against the humongous crowds gathered. Empowering crowds had threatened to march on the capital this week, causing Hasina’s ignominious exit despite numerous instances of tear gas and also shoot-at-sight orders ( which were rarely carried out in training because authorities preferred to fire at protest immediately ).

Why would the US bother?

The main inquiry for readers would be why the US even bothers to start a coup in the country given the country’s relatively small geographic presence, which belies its population and lack of substantial resources.

The answer lies in the country’s location, in the strategic eastern part of India with significant proximity to China. The country’s ports have long attracted naval powers from the British, Japanese, Russians, to more recently the Chinese and Americans at various points in time because the country is essentially a riparian state served by two of the world’s biggest rivers, the Ganges and the Brahmaputra, which together form one of the world’s most fertile deltas ( explaining the population density ).

At the moment, the primary US interest in the country is to establish a service port for mid-size US naval vessels that could help America manage naval operation risks caused by China’s access to ports in neighboring Myanmar and offer logistic services to friendly powers in the region without needing any approval or participation from India.

In the long run, Bangladesh’s taming and managing its riparian economy will have a significant strategic geopolitical advantage because the country’s northern regions are ideal for landing planes into the soft underbelly of China in the Tibetan-Sichuan region, which China has ruled to the point of being completely complacent about potential military risks.

An inkling of those political and military risks has come from India since the failed Doklam incursions of 2017, that has in turn triggered significant geopolitical activity around Bhutan and Nepal by the Chinese as they continued to intensify pressure on India before effectively achieving unparalleled superiority by the beginning of 2022.

If Delhi-based observers are to be believed, the US clearly feels the need to step in because India is on the back foot.

So what makes it a color revolution?

In that regard, Bangladesh’s events roughly correspond to those of the” Spring” movements and the various color revolutions in Europe:

  • Mass protests triggered by a specific issue that the host government would normally have considered a minor, niche item
  • Active involvement of a number of social groups, typically led by younger people, soon spreading to previously unpolitical groups in society.
  • Significant use of technology, in particular secure communication apps ( which may or may not have been assisted by a foreign state actor to ensure encryption upgrades beyond the host country’s ability to monitor or disrupt )
  • Generous and unexplained funding, typically coming from brand-new bank accounts for organizations and NGOs that have recently established
  • Random news designed to incite more participants and in particular the use of graphic images of rape involving young women and images or videos of authority figures causing grievous bodily harm or even dismembering human bodies.

A number of these requirements have been met, based on what this writer has examined as raw data over the past 72 hours, despite the fact that it has so far been challenging to confirm or refute much of the information to the accepted criteria for evidence-based documentation.

What’s the background?

The Bangladesh that entered 2024 was a sprightly young adult in the world, with reasonable infrastructure, public payments systems, and a marked competitive edge in labor-intensive mass industries like textiles, ranging from low-cost items to higher-end fashion items, boasting rapid economic growth, GDP per capita that had passed South Asian peers including India ( having left fellow Muslim carve-out in the dust many years ago ), and a sprightly young adult population.

In addition, many social indicators including the participation of women in the formal economy and health metrics of average school-going children all were the envy of the region.

The enormous strides made over the past 15 years are generally appreciated by anyone who is familiar with the country’s bloody history since the 1960s. An attempt at democracy that led the elites of ( western ) Pakistan fearing rule by the” Bengalis” led to an attempted genocide that was only stopped by the timely intervention of the Indian army that helped armed local guerillas take down Pakistan armed forces in a matter of a few days in December 1971.

In Dhaka’s parliamentarian halls, the echoes of political assassinations and military coups have recurred frequently since then.

Ruling since 2009, Hasina had indeed become much more dictatorial and had taken extreme action against the Bangladesh National Party of her bete noire and former political partner Khaleda Zia ( the two had ganged up to bring down President Ershad in 1990 ), along with her ongoing crackdown on fringe terrorist movements that operated under the general umbrella of the Jamaat-e-Islami ( Jamaat ).

The players are who?

The formerly indifferent relationship between India and Bangladesh took a sudden turn for the better since 2014, when incoming Prime Minister Narendra Modi invited heads of other South Asian governments to his inauguration in a first for an Indian prime minister.

Although Modi and Hasina did not do well in his efforts to set a more positive tone for relations with Pakistan, they did succeed.

After the horrifying terrorist attacks in Dhaka in July 2016 that left at least one Indian dead ( a young woman who had been a tourist ), India provided significant and recurring assistance on the intelligence and arms fronts to Hasina as she cracked down on the banned Jamaat networks that sometimes poured across the border into India, particularly into the welcome embrace of the opposition-led Bengal state.

The two leaders have worked cooperatively over the years, despite numerous conflicting concerns, to maintain stability in the region, cooperation in combating terrorism, and a move to stop people smuggling, which ironically resulted in a shift in activities from India to the “mother lode” of Europe and the United States.

It does appear, and it certainly has been actively discussed in Delhi all week, that Indian intelligence agencies simply failed to grasp the momentum behind the student protests. There is much discussion about the tens of millions of dollars that foreign powers frequently divert to the accounts of protestors ( particularly the bank accounts of Jamaat loyalists who reside “illegally but comfortably” in Bengal ).

A second topic of furtive discussions in Delhi this week is the action of the US, and to a lesser extent, the UK. According to a well-informed observer in Delhi, accusations made about the UK were “unfounded and speculative” because he believes the role played by the junior Treasury Minister, Tulip Siddiq, the sister of Hasina, was far too significant to allow the new Labour government to play any part in the proceedings.

However, other sources have pointed out that coups do n’t get planned in days, and it is more likely that players in the former Conservative-led government were keen to play along with the supposed US plan to depose Hasina, if for nothing else because most of them feared losing their seats in the July UK elections and were seeking sinecures with US agencies and companies after their inevitable defenestration.

Particularly the US actions have been very eye-opening. From decrying the Bangladesh elections earlier this year as” not free and fair” to an official statement “welcoming the interim Dhaka government” in a matter of hours after Hasina fled the country, there’s an American fingerprint discernible in every direction.

It is no secret that a number of pro-Palestine US government members shared a cause with the Jamaat, and they undoubtedly gained from funding and lobbying support from the small but powerful Bangladeshi-American community, particularly on the East and West coasts of the country.

There were also regular meetings between US officials and Tariq Rahman, son of Khaleda Zia and de-facto head of the BNP, over the past few months. A number of UK Labour politicians, according to legend, regularly lobbyed the BNP for the Biden government.

How was the coup activated?

Indian sources made arrangements for the swift appointment of Nobel laureate Yunus as interim prime minister despite not providing any shocking revelations about how the US funded the” student” protests.

In any event, Yunus featured as far back as 2015 when he communicated a desire to support ( or even lead ) a “benevolent dictatorship” that would replace the democratically elected government Hasina.

Of course, this came after Hasina’s government’s crackdown in 2013 and some politically charged speeches that ended up being both politically charged and embarrassing.

From whatever I have pieced together, it appears that adequate funding has been provided to the Jamaat-linked individuals operating in Bengal since at least last year and there had been some speculation that the US had funded a number of Islamist politicians who stood ( and mostly won ) during the Indian elections, opposing the candidates of India’s ruling BJP.

Although that may have been the case, and there have actually been instances where entire villages have failed to cast a single vote for the BJP, which may highlight the importance of the Jamaat in Bengal, it seems largely that the money was funneled into Bangladesh.

As a side note, while Bangladesh has its own currency, it is generally believed that the Indian rupee operates like legal tender in many parts of the economy, much like the US dollar does globally. Therefore, Jamaat account funding in India would facilitate the transmission of funds between activists in Bangladesh.

The surprise court rejection of the jobs quota for descendants of freedom fighters, a founding myth of the Awami League, is now itself being considered through conspiratorial lenses, with some “well-informed sources” suggesting that the judges who helped to pass the order all have significant US nexus including children living or studying in the country.

In any event, the court action pushed the government to” clarify” matters with a new statute, which in turn triggered the riots witnessed around the country since June.

Notably, the ruling BJP’s victory in the Indian election came to an end at the end of May, causing a setback for many political observers, who attribute this to the blockbuster or strategic voting practiced by the Muslim population throughout the nation, but particularly in states like Bengal, where the BJP lost ground in comparison to its performance in the previous elections in 2019.

With the BJP on the back foot, Indian observers claim the US government green-lit the operation against Hasina.

Dhaka and Manipur

Virtually unnoticed outside of India, there has been a storm operating in the Indian state of Manipur, which borders Myanmar on one side and the Indian state of Mizoram on the other ( which itself borders Bangladesh ) for almost all of the past twelve months.

An armed insurrection in Manipur, which started as a turf war on drugs ( remember Myanmar’s central role in the world drug trade ), has been supported by a number of community organizers, who are reportedly supporters of the US Democratic Party.

Having been burned in Manipur, Indian security forces are heavily stretched and it is believed that the focus on Manipur has been a primary reason for the Indian intelligence failure in Bangladesh as resources had been rapidly reallocated over six months ago.

From where?

Sources say Indian officials are flabbergasted at the speed and scale of events unfolding in Bangladesh. They have so far focused solely on reacting to the immediate effects of weekend events, which range from stranded tourists to a recent upsurge of illegal immigrants crossing India’s borders with Bangladesh.

Besides the usual gasps of wishful thinking, I did not hear any commentary on plausible next steps around supporting Hasina or even reviving old relationships Yunus and other Bangladeshi officials. With no meaningful role to play in the upcoming months, India is now firmly entangled in a reaction loop.

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Truckers eye diesel price cut or fee rise

Say they ca n’t cope with rising losses

To keep their trucks on the road, truckers in the Northeast are asking the government to lower the price of gasoline or increase the cost of moving goods.

About half of the 5,000 trucks that were purchased by about 700 cargo transportation companies that are NTA members, according to Wichai Sawangkhachon, president of the Northern Transport Association (NTA ). According to Mr. Wichai, because their owners could n’t afford to pay back their loans, they seized about 3, 000 of these used trucks.

He claimed that truckers ‘ rising gasoline prices and declining requirement for truck transport services are the main drivers of this problem.

Northeastern Service Union Transport’s leader, Somphon Hirunyasut, claimed that more users are losing money as a result of their increasing losses. He claimed that this tendency, which has grown as the cost of the Covid-19 pandemic, started with the financial effects of the epidemic and has since grown even more severe.

He claimed vehicle brain prices in Vietnam are about two times lower than those in Thailand and that gasoline prices per litre in neighboring Laos are about three baht lower than those in Thailand.

Even worse, he claimed that a free trade agreement between Thailand and China, which will allow Chinese vehicle transport users to waive their taxes, may only worsen the situation.

Mr. Somphon claimed that because of their dominance in Thailand’s neighboring nations and the freedom to travel easily between these nations, it will be easier for them to gain customers there.

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Can India truly be a global manufacturing powerhouse?

STILL DEPENDENT ON CHINA FOR RAW Elements

Overseas companies are looking to hire foreigners in India because of its huge and cheap labor pool, which the government hopes will profit from to produce millions of new jobs. &nbsp,

But even as it markets India as an emerging production hub, the company’s success is also largely dependent on fresh supplies from China, said spectators. &nbsp,

After a border standoff along a portion of their Himalayan border in 2020, India has continued to permit the transfer of business goods from China.

The Modi government recently made the suggestion that it might look into allowing Chinese opportunities to enhance the field. &nbsp,

“Economies of level has always been a concern in India”, said Kharbanda. To help us meet the world’s demands,” We would like to be able to transfer more supplies from China more quickly.”

The Modi leadership has struggled to combat unreported employment for decades. &nbsp,

A strong manufacturing sector, which presently employs 11 per cent of the workforce, may help to contribute millions of jobs, researchers pointed out. &nbsp,

They argued that making a lasting transition in source lines to India would be the best way to accomplish the country’s manufacturing goals.

Ajay Sahai, producer colonel and CEO of the Federation of Indian Export Organizations, said,” We need to look into developing an ecology where parts and components are also produced in the nation.” &nbsp,

” Today, most of the big corporations are procuring from India. They have n’t settled in India, he said, because they will likely aid in the establishment of an ecosystem there once they are settled there. &nbsp,

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Piyush Gupta: The veteran banker who led DBS for almost 15 years

SINGAPORE: After almost 15 years at the head of Singapore’s largest provider, DBS CEO Piyush Gupta may leave his post.

DBS announced on&nbsp, Wednesday ( Aug 7 ) that Mr Gupta will retire at the next&nbsp, annual general meeting on Mar 28, 2025.

The company’s team head of organisational bank Tan Su Shan, 56, may succeed him.

Mr. Gupta, 64, was questioned about potential retirement this time during an analyst lecture in May.

” No, I am not retiring this time”, he responded at the time. &nbsp,

CAREER BANKER

Mr. Gupta has just recently worked for two large businesses and three other businesses.

In 1982, he started his career in Citibank’s company in Kolkata, India, working in the back office as a director of administrative workers, according to an appointment with the New York Times in 2013.

By 2000, he had risen up the ranks to become the CEO of Citibank Indonesia.

When he made the leap of faith and founded his personal Go4i.com start-up.

He and the Hindustan Times, one of India’s largest magazines, joined forces at the top of the ecommerce bubbles.

Shortly, however, the bubble burst and Go4i.com folded.

In a chapter of his book Training For My Younger Self, he said,” I went through two months of a shake-up in my self-confidence. I was worried about what I wanted to do and what was going to happen in the future.”

He returned to Citi in 2001, where he became the CEO for South East Asia-Pacific, and was concerned for all of Citi’s company – financial markets, investment bank, wealth supervision and more – in those areas.

In 2009, he was appointed CEO by DBS. In a statement at the time, DBS said his “broad-based bank knowledge” positions him also to expand the brand, and added that he is known for being a “well-rounded head”.

Gupta is a seasoned Asia hands who has successfully led firms in difficult and positive times, according to the statement.

Mr. Gupta was born in India in 1960 and soon after taking over the position of DBS CEO, he became a member of Singapore.

AT THE HELM OF DBS

Prior to Mr. Gupta’s appointment, the best position at DBS was unoccupied for a short while.

His quick president, Mr Richard Stanley, died in April the same year from cancer.

This occurred as the world attempted to recover from the world’s economic crises in 2007 and 2008.

In an interview with the Business School at the National University of Singapore in 2015, he claimed that lenders were distracted and very focused on” the conflicts of yesterday” as a result of the issue.

” As a consequence, businesses have never thought enough about the battle of tomorrow. However, he claimed that the most banks CEOs have prioritized automation over the top priority in the last two years.

During his tenure, topics like cryptocurrency technology, online banking, and online payments emerged and gained popularity. &nbsp,

For instance, electric pocket PayLah! was launched in 2014 and now has more than 2 million customers.

Both DBS and Mr Gupta received awards over the years, as a testament to his command.

In 2022, DBS received its fifth” World’s Best Bank” title from US-based publication Global Finance. It was also named” World’s Best Digital Bank” by Euromoney in 2018.

Mr Gupta was one of the country’s top 100 best-performing key executives in 2019, according to the Harvard Business Review. He was named Economic Times ‘ International Indian of the Year in 2021.

SERVICE Outages

However, his day at DBS was not always straightforward.

As early as 2010, the year after he became CEO, the Monetary Authority of Singapore ( MAS ) criticised the bank for a seven-hour system-wide outage, according to Finextra, a fintech news website based in London.

On July 5, that year, all customer and business banking services, ATMs, and points of sale transactions stopped, and MAS claimed the bank failed to implement a solid technology risk management framework.

In November 2021, online bank service suffered a two-day failure. MAS said it was a” major disruption”. &nbsp,

Both days, MAS imposed an extra cash condition on the bank, though the number in 2021 was significantly larger.

After another day-long failure in March 2023, MAS said the disturbance was “unacceptable” and that the institution had fallen short of expectations.

Another upheaval that affected ATMs and online companies hit DBS in October of that same year. Additionally, Citibank service decreased.

2.5 million dollars in ATM and pay transactions were halted due to the failure.

DBS was instructed by MAS to delay all non-essential IT modifications for six months and to a six-month ban on new business ventures by the MAS in November.

Despite MAS’s announcement to not prolong the six-month delay in April, DBS must also set off additional regulatory money by applying a 1.8 % multiplier to its risk-weighted assets.

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Ampverse Group appoints global executives to advisory board

  • A newly appointed advisory board will guide the business through its future growth stage.
  • Advisors bring experience in online innovation, proper investments &amp, market expansion

Ampverse Group appoints global executives to advisory board

Ampverse Group, a leading gaming and entertainment habitat, announced the appointment of a new board of advisors comprising international executives from the game, marketing, funding, systems, and media sectors. This strategic decision strengthens the group’s position as a powerful force in the sector and furthers its growth.

Under the direction of CEO Charlie Baillie, the company said in a statement that the newly appointed board of advisors did guide Ampverse Group into its second growth cycle.

They include:

    John Redgrave, San Francisco: As the former vice president at Discord, Redgrave played a key part in the company’s growth and success. Prior to that, he founded Lattice, which Apple eventually sold to Discord and Sentropy, which he later sold to. Redgrave joins Ampverse Group’s advisory table with great expertise and a thorough understanding of online platforms.

  • Marcus John, Singapore: For over three decades, John has advised Fortune 500 companies, institutions, governments, and traders on big sporting and leisure opportunities, including the Olympic Games, FIFA World Cup, and Formula One. Prior to joining WPP’s MediaCom, John was the controlling chairman of IMG/Endeavor China and the Director of Sports Capital Advisors.
  • Rohit Sharma, Mumbai: Former COO and board member of AnyMind Group, Rohit even Founded POKKT, a leading wireless video marketing platform in India, SEA and MENA that has been backed by leading Buyers such as JAFCO Asia, Jungle Ventures, Singtel Innov8 and GSF.
  • Oliver Woodley, London: International professional director of Soho House Group and lengthy time investment into Ampverse, Woodley previously held senior jobs at VICE Media.
  • Chirag Shah, Mumbai: Chirag Shah is a skilled entrepreneur, having co-founded some advertising tech firms, including one effectively acquired by Dentsu. He brings a wealth of knowledge in Gaming 360, scaling firms, giving investment counsel, and navigating difficult areas.
  • Gita Ramakrishnan, London: Gita Ramakrishnan is a seasoned entrepreneur with over 20 years of experience in cash businesses, excelling in both personal and public stocks with a top ranking performance history.

The new board’s combined expertise and global reach will be a driving force behind Ampverse Group’s ambitious growth plans, according to the company. These advisors bring unparalleled experience in digital innovation, strategic investments, and market expansion. Their perspectives and leadership will help the organization advance its market share, promote its growth, and cultivate new frontiers.

Charlie Baillie, CEO of Ampverse Group, said:” To build a remarkable company, you need a remarkable team. Since founding Ampverse Group in 2019, we’ve been fortunate to attract a world-class group of team members and investors. Looking ahead, we have huge global ambitions, and therefore I’m excited and honored that such a distinguished group of leaders from the gaming, media, investment, technology, and advertising sectors share our vision and have agreed to join our newly formed advisory board”.

Founded in 2019 by former executives from Universal Music Group, Twitch, and Havas, Ampverse Group has rapidly expanded its influence, amassing over 600 million fans and forming 300 client partnerships. The company, which has its headquarters in Singapore and operations in Southeast Asia and India, is leveraging its expertise in gaming marketing and GenZ fan base monetization through tech-enabled commerce products and services to create an ecosystem of exciting gaming and entertainment assets.

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Thailand SEZ: Malaysia PM Anwar pitches involvement of startup, private companies to Thai foreign minister

In an effort to boost investment, a recent Malaysian proposal to Thailand could see private companies and startups become involved in the creation of special economic zones ( SEZs ) in the kingdom’s southern regions.

The proposal was made available to Thai Foreign Minister Maris Sangiampongsa during a kindness visit on August 6 according to Prime Minister Anwar Ibrahim.

Their role, both from start-up and private companies, may draw more investment into the SEZ.

In a post on Facebook the following morning, he wrote,” In fact, I also suggest that Kelantan take the opportunity to construct businesses along the Sungai Golok, which is located along the boundary between Malaysia and Thailand.

Mr. Anwar and Mr. Maris also discussed the outcomes of Mr. Anwar’s and Mr. Maris ‘ working encounter with Thai Prime Minister Srettha Thavisn at Sungai Golok, Thailand, and Rantau Panjang, Kelatan, on August 3.

The leaders spoke about the food and foam industries during the working visit.

Mr. Anwar and Mr. Maris discussed dredging the Sungai Golok river in order to address flooding issues in his Instagram article.

This would be beneficial for the areas that are located near the border of the two nations, which almost always experience flood issues.

Mr. Anwar also emphasized Malaysia’s devotion to the Southern Thailand Peace Dialogue Process.

He added that “both countries have agreed for Malaysia to sponsor the sixth Annual Consultation on September 19, 2024.”

Malaysia is a mediator of peace talks that have amounted to decades of fight that erupted in the southern regions of Narathiwat, Yala, Pattani, and pieces of Songkhla.

Mohd Rabin Basir, a former director-general of the National Security Council, was appointed as the new South Thai Peace Dialogue Process’s fresh Malaysian authorities mediator effective on July 1.

In 10 of the country’s 10 provinces, the Thai government has made significant progress in creating Special SEZs. These are &nbsp, spread across the counties of Chiang Rai, Narathiwat, Tak, Nong Khai, Trat, Kanchanaburi, Mukdahan, Songkhla, Sa Kaeo and Nakhon Phanom.

Songkhla and Narathiwat borders Malaysia.

The president’s initial push for the SEZ scheme was motivated by the government’s belief that the 10 areas have a strong potential for trade, investment, and economic ties with neighboring countries.

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Indonesia launches China-built anode plant for EV batteries

JAKARTA: Indonesia’s President Joko Widodo on Wednesday inaugurated a flower built by China’s BTR New Material Group and Singapore’s Brilliant Purchase that will make anode materials for EV batteries. According to the Coordinating Ministry of Maritime and Investment Affairs, the firms invested US$ 478 million in the plant, which willContinue Reading

Sugon spin-off helps China evade US chip bans – Asia Times

A Chinese company that was established four and a half decades ago to avoid US punishment has been accused of selling goods to Chinese businesses.

Nettrix, a Beijing-based agency established in December 2019, has sold system machines that used Intel and Nvidia’s bits and Microsoft’s technology to sanctioned Foreign companies and organizations, according to a review published by the New York Times on August 4. &nbsp,

The report said all of Nettrix’s top executives came from Sugon, which was sanctioned by the US Commerce Department’s Bureau of Industry and Security ( BIS ) in June 2019. According to the statement, the executives are still working together in Kunshan, Suzhou, with Sugon and other businesses owned by the Chinese Academy of Sciences ( CAS ).

According to a report from the New York Times, Nettrix has sold servers to a number of the same companies as Sugon, and its clients include colleges that house protection facilities and security companies that work with the military and China’s Excellent Firewall.

Nettrix, which is not connected to the CAS, claimed in a statement that it did not assist Sugon in evading US punishment. It emphasized that no regulations were broken by the purchase. After the US sanctioned it in 2019, Sugon claimed to have fired hundreds of employees. &nbsp,

Public information gathered by Asia Times showed that Qin Xiaoning, who was praised as one of 14 “outstanding” Chinese Communist Party people in 2018, led about 200 original Sugon people to type Nettrix in December 2019 in order to maintain access to US computers. In 2022, she received an other reward. &nbsp,

Before 2019, Zhao Lei and Wei Bingqing, vice chairman of Qin and Nettrix, both had worked for Dawning Information Industry Co Ltd. or Sugon.

” It’s a great time to set up Nettrix despite some difficulties”, Qin told the media in an interview in April 2020.

In December 2022, Nettrix had now formed alliances with more than a hundred providers including Intel, Nvidia, Broadcom and VMware. Last month, it became the third-largest visual processing unit ( GPU) client dealer in China, following Inspur and Tsinghua Unigroiup’s H3C. &nbsp,

In March this year, the corporation launched the Nettrix AI Open Lab in Tongxiang City in Jiaxing, Zhejiang province. The facility has 128 artificial intelligence ( AI ) servers, which mainly use Intel processors and Nvidia-made GPUs. &nbsp, &nbsp,

Qin’s leaders

On February 1 this year, Sugon’s director told investors that the business has no ownership relationships, but even business relationships, with Nettrix. &nbsp,

Suma Information Industry Co Ltd and Nettrix, Sugon’s past businesses, were mentioned in a selling brochure when it unveiled its Intel-powered I620-G30 site in 2021. However, the BIS was silent at the time. &nbsp, &nbsp,

In the most recent New York Times article, US Commerce Secretary Gina Raimondo, who oversees the BIS, was quoted as saying,” This is a very difficult job, and I’m not under any illusions that we are doing it perfectly.” &nbsp,

She claimed that the BIS’s monthly expenditure, which was only US$ 191 million, hindered her player’s work due to limited resources.

Nazak Nikakhtar, a former assistant secretary for industry and analysis at the US Department of Commerce’s International Trade Administration ( ITA ), told Asia Times in an interview in June that the US government should first license a very small amount of trade before conducting the end-use-check before granting more licenses.

In fact, it’s not difficult to trace the officers relations of the top managers of Sugon, Suma and Nettrix.

When Sugon went people in Shanghai in 2014, senior vice president Nie Hua and leader Li Jun, who were then 35, placed in the top three. 19 among 321 key team members eligible to receive investment options. &nbsp,

Sugon sold its total interest in Suma to a company that Nie legitimately represented in July of the same year after the US added it to its Entity List in June 2019. Suma remained a CAS product. &nbsp, &nbsp, &nbsp,

She was Sugon’s vice chairman and Systems Products Division brain just before Qin became CEO of Nettrix in December 2019. The ownership structure of Nettrix has never been made public. &nbsp,

While Sugon (a source of SOE customers), Suma (a manufacturer of computer servers) and Nettrix (a supplier of foreign chips) have been individual companies since 2019, Li and Nie have continued as Qin’s leaders as of now.

According to Hygon’s listing prospectus, which was released in July 2022, the trio are partners in Tianjin Haifu Tianding Technology Partnership ( Limited Partnership ). Hygon now has a market capitalization of 181.2 billion yuan ($ 25.34 billion ).

Through her 1.11 % stake in Tianjin Haifu Tianding, Qin indirectly owned a 0.14 % stake in Hygon. The interest is now for 259 million renminbi.

Sugon’s coming program

Sugon has used Hygon and Loongson computers more frequently than it has in the last four and a half centuries. &nbsp,

Hygon’s X86 computer, which uses AMD’s instruction set infrastructure, is made by Samsung and GlobalFoundries. Loongson’s 3A5000 chipset, which uses the company’s own structures, is made by Taiwan-run TSMC’s lovely in Nanjing, China. &nbsp, &nbsp,

A whistleblower-claiming netizen from Shanghai claimed on July 10 that Sugon may eventually disappear from the system server industry as a result of” some new major changes.”

However, a Zhejiang-based netizen made it clear that Sugon will just continue to sell computer servers powered by local cards and only those that are locally produced.

Read: China bird: Fix symbolic, inadequate US punishment

Observe Jeff Pao on X: &nbsp, @jeffpao3

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Japan on edge of EUV lithography chip-making revolution – Asia Times

A new type of extreme ultraviolet ( EUV) lithography equipment, developed by the Okinawa Institute of Science and Technology ( OIST ), could significantly lower the cost of producing semiconductors under 7 nm and smaller and change the supply chain for chip manufacturing.

According to reports, the EUV equipment’s visual system has been significantly simplified while energy consumption has been significantly reduced, opening the door to many less expensive superior chip-making units.

If so, it could mark the end of ASML’s stranglehold on EUV printing, which would have serious implications for semiconductor companies, investors and governments.

Remember that the sales of EUV printing equipment to China is prohibited by US sanctions, making the 3nm node already in manufacturing at Taiwan’s TSMC and the 2nm and smaller nodes still under development significantly more challenging and expensive.

Highly cheap and resource-intensive EUV printing equipment is used to create AI processors, low-power semiconductor devices used in smartphones, and the most recent high-density memory chips.

The technology, according to OIST Professor Tsumoru Shintake, is a breakthrough technology that almost totally addresses these issues.

OIST’s Tsumoru Shintake. Image: OIST

The lens and lenses are arranged in a straight line in conventional optical systems like cams, telescopes, and older printing tools, according to OIST: This design enables higher visual functionality with minimum abnormalities, resulting in high-quality pictures.

Nevertheless, this is not possible with really short-wave EUV lighting, which is absorbed by most supplies and must go through clear lenses. For this reason, in EUV printing techniques, the lighting is directed using crescent-shaped mirrors that reflect the waves in an irregular zigzag style.

According to OIST, this approach” sacrifices significant visual properties and lowers the system’s overall achievement.”

Professor Shintake used just four reflections, not ten, to align two axis-symmetric reflections in a straight line, to solve this issue.

Only about 1 % of the energy from the light source is delivered to the wafer when it is thrown off ten mirrors, compared to more than 10 % when used with just four mirrors, because highly absorbent EUV light weakens by 40 % with each reflection.

With just one-tenth the power, a smaller EUV lighting source can be used.

At the Semicon West industry exhibition in San Francisco over the course of more than 20 years, Phil Ware, an American expert employed by Canon, claimed that the issue with EUV printing was that its energy consumption was calculated using” HDEs – Hoover Dam Versions.”

If Professor Shintake’s style works as intended, this issue may ultimately be solved. ” Like the egg of Columbus, ]it ] may seem impossible at first glance, but once solved, it becomes very simple”, Shintake said about the problem of EUV power consumption.

OIST’s architecture, which resembles an astronomical telescope, consists only of two reflective mirrors and transfers the loop pattern from the photomask to the silicon wafer.

Given that regular projectors typically require at least six introspective mirrors, Shintake claims that” this configuration is unbelievably simple.” This was made possible by reexamining the magnification ‘ artifact adjustment idea thoroughly.

Additionally,” the achievement has been independently verified using visual modeling software and is unquestionably enough for the production of sophisticated semiconductors.”

Graphic: Tsumoru Shintake, OIST

OIST has filed a patent application for the technology, which it initial plans to illustrate with a half-scale design. In 2026, it will be used to develop a functional EUV lithography system in collaboration with one or more Chinese business partners after the concept has been demonstrated.

If everything goes according to plan, Japan may have a significant improvement in its international standing in the highly politicized semiconductor sector.

Nikon, which discontinued EUV printing about 15 years ago due to technical difficulties and high prices, is likely to be the mate. Nikon also manufactures advanced deep violet ( DUV) lithography techniques.

Canon might be a companion as well, but the company is busy promoting the entirely different technology known as circuit pattern mold lithography, which uses circuit pattern molds rather than optical methods.

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