Breaking away from commission-based fees, Mereka opts for subscription model for its talent marketplace of experts

  • Charging regular cost of US$ 20 for piano, &nbsp, US$ 40 for team
  • Model is expected to remove the need for skill to keep the platform&nbsp, &nbsp,

Rashvin, co-founder and CEO of Mereka making his pitch at the 2024 MBAN Summit held in KL in Sept.

” You are the one delivering the job, you should get paid the full amount for that work”, said Rashvin Pal Singh, team CEO of Mereka, an education tech company. &nbsp,

He refers to knowledge-based gig workers rather than delivery and rideshare, where the business models of platforms like Upwork and Fiverr are set to take a cut, ranging from 10 % to 20 % from each job the workers receive through the platforms. One platform, Toptal which connects businesses with software engineers, designers, finance experts, product managers, and project managers, charges up to 40 %. &nbsp,

With the launch of its subscription-based skill marketplace platform in June, where talent do not have to give the platform for the number of work they get, Rashvin found this to be fundamentally unjust because” the person delivering the service is the expert, but the system as an entity takes a big slice of their income.” Rather users pay a US$ 20 ( RM88 ) monthly fee for individuals or US$ 40 ( RM176 ) for teams. ” You pay us for access, versus the other way around where you come on board the platforms for free, but they keep taking 20 % to 40 % of what you earn” .&nbsp,

Some points made by Rashvin.Mereka has launched an ownership fundraising strategy on pitchIN with the aim of raising RM1.5 million in addition to the launch of the skills system. As of 6 Nov, it has reached RM800, 700, primarily from existing owners from its 2018 battle that raised over RM1.6 million. &nbsp,

]RM1 = US$ 0.227]

The money will solve Rashvin’s two main issues. Finding the balance between having an impact and being equitable while simultaneously addressing its individual business needs is a high wire work, like all socially-driven effect companies. If the money is depleted, it will work as a security net.

The second is that a seven-person software team requires ongoing investment in software development in order to achieve long-term results as opposed to balancing cash circulation for the current year. &nbsp,

” We want to improve our technical advancement”, Rashvin said.

Having said that, Mereka has had a positive cash flow for the past three decades.

 

changing the subscriber type

To be sure, when the program initially launched in 2021, it did not begin with the subscription model. Although it provided career matching and training programs, it primarily served as a resource management platform that made it possible for users to book both the Mereka training programs and the huge makerspace’s rental facilities. Additionally, it partnered with Taylor’s University and a few TVET/vocational center in Kuala Lumpur to record their services for rent. &nbsp,

Because it posed the least obstacle to entrance and was the norm in the market, it decided to adopt the commission model. &nbsp,

Despite seeing 220, 000 learners access various courses ( from 2021 to 2023 ), 80 % of those who attended the Skills for Jobs Indonesia program with Mereka serving as implementing partners had a bad year.

Rashvin even noticed the problem with all programs that match gig workers to jobs, with employees leaving the platforms to deal with clients immediately. ” There was no commitment to the systems, but I understood this”, said Rashvin. The problem with transaction-based models is that once you start finding a few projects on the program, you will typically find a way to keep because you would like to avoid paying the fee per job.

The subscription design, which allows ability to retain all of their earnings, not only generates good publicity, but it also helps to foster loyalty and lessens the likelihood of talent wanting to deal with clients outside of their own country.

” We will also continue to add value to our customers by providing them with access to our university courses and putting them in work via our work board. We can stick to our motto, “Skills to Income,” by strengthening our brand and making the system more equal, said Rashvin.

The phrase “expert” is used to describe the skills is intentional because the market does not only target knowledge employees but also those who are experts in their fields, ex-craftsmen, even though this group only accounts for 5 % of the ability.

With the job market in Southeast Asia valued at US$ 3 billion, said Rashvin, Mereka is targeting to sign-up 50, 000 authorities on the software over the next eight years.
 

The discrimination in compensation between workers and knowledge-based job

Rashvin, a co-founder and CEO of Biji-Biji Initiative, was first exposed to the unfairness of compensating skills. Biji-Biji, a social organization founded in 2013 by some companions, focuses on sustainable development through education and technology in Malaysia.

During the first three years of Biji-Biji, although they were doing production work like woodworking, metal fabrication, handmade bags for women, the challenge faced was being valued as mere’ labor’ work. They were not being compensated fairly for what Rashvin claims was skilled labor that was being paid between RM100 and RM150 per day.

He only realized this when Biji-Biji began providing educational programs in 2015 and this realization only hit him. We realized that customers who were learning from instructors were receiving RM150 to RM200 per hour, as opposed to the same rate per day for any production work, according to Rushvin.

Mereka, a division of Biji-Biji Initiative, established as a result of this glaring pay gap in 2017, which aims to provide higher-quality education and coaching to businesses. &nbsp,

Seven years later, Mereka has evolved into a talent development ecosystem that trains artists, professionals, and businesspeople for the future of the workforce. Through our talent marketplace, Rashvin stated,” We give our learners access to digital entrepreneurship content and opportunities to make money,”

He anticipates a positive response from the market for the model. Because the money is yours, there is no incentive for you to transact off-platform. ” &nbsp,

He anticipates the business to be viable because Mereka will earn recurring income while talent who joins the platform will have access to two things: ongoing income-generating opportunities and job opportunities ( which they have to pay for ).

Mereka will launch a free tier in January, where users can access the platform’s digital content but not its income-generating opportunities.

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Kittiratt off the hook for rice sale

Attorney-general wo n’t take the case against the court for acquittal in a case involving the Yingluck era.

Former commerce minister Kittiratt Na-Ranong was indicted in 2021 in connection with a rice sale to Indonesia a decade earlier, and acquitted of malfeasance this year.(Kittirat Na-Ranong Facebook account)
Previous commerce secretary Kittiratt Na-Ranong was found guilty of wrongdoing this year after being indicted in 2021 in connection with a wheat sales to Indonesia ten years prior. ( Kittirat Na-Ranong Facebook account )

According to an informed cause, the attorney-general has decided not to take the case against Kittiratt Na-Ranong, a former commerce minister, for causing a malfeasance in connection with the purchase of grain to Indonesia in 2011.

In a case that the National Anti-Corruption Commission ( NACC ) conducted in July, the Supreme Court’s Criminal Division for Persons Holding Political Positions found Mr. Kittiratt innocent in court.

Attorney-General Phairach Pornsomboonsiri signed an attempt not to appeal the judge’s decision next year, according to the cause, who asked not to be named.

After the NACC determined that there were basis for the allegations made against him, Mr. Kittiratt was indicted in the case in 2021.

According to the indictment, Mr. Kittiratt was aware that Siam Indica, the exporter, was preferred by the Public Warehouse Organization ( PWO ) in order to supply rice to Bulog, the Indonesian food procurement agency. The agreement signed in August 2011 called for Bulog to get 300, 000 kilograms of milled corn priced at$ 559 per kilogram from Thailand.

However, he failed to respond to a petition calling on him to confirm that the price was conducted freely, the accusation alleged.

The Supreme Court ruled that Mr. Kittiratt did not neglect his duties because Phum Sarapol, his lieutenant, handled the paperwork relating to the corn sale and handover.

According to the classic NACC research, Siam Indica and another company, Nakhon Sawan Kha Kao, submitted proposals in December 2011. The documents were submitted for both companies by an Siam Indica staff.

Nakhon Sawan Kha Kao did not meet the standards, leaving Siam Indica as the only candidate.

Siam Indica was afterwards contracted to supply 100, 000 kilograms of grain at$ 559 per kilogram, although a provision was inserted into the contract allowing it to provide a additional 200, 000 kilograms, for which no charge was held.

The NACC claimed that the alleged misconduct prevented the PWO from receiving a good sweet provide, which constituted an abuse of position for an unlawful and conferred gain.

It claimed that Mr. Kittiratt was aware that Siam Indica had been chosen to provide the extra amount of grain without a call for a bid being made.

Under the law, if the attorney-general decides not to appeal the ruling, he is required to tell the NACC of the selection.

The NACC apparently wants the attorney-general to charm. The anti-graft body’s future intentions are unknown.

Mr. Kittiratt has long been near to top Pheu Thai Party images and served in the Yingluck Shinawatra state. Recently, he has been the subject of attention when the Bank of Thailand table elects a new president.

The government has proposed Mr Kittiratt for the position, but critics see a chance of political meddling. The variety panel has already delayed its decision half, and it will meet once more on November 11.

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China’s surging lead in the EV battery circular economy – Asia Times

Battery recycling and circular economy initiatives have become crucial to the global green transition as the electric vehicle ( EV ) market expands globally. China, now a powerful person in EV power output, is today expanding its reach into the cell recycling industry, aiming to build a closed-loop supply chain.

China is now a leader in the emerging round business, which involves sharing, rent, reusing, repairing, refurbishing, and recycling existing materials and products as much as possible, thanks to this strategy, which addresses the issue of resource scarcity as well as providing a fresh competitive edge in the international green technology arena.

The essential materials for Volt batteries, such as chromium, potassium, and nickel, are limited in supply and socially expensive to extract. China has a strong foothold in the world battery supply chain thanks to its extensive control over the world’s mineral resources, as well as its substantial stakes in African cobalt mines and Latin American lithium sources.

Yet, China’s ambitions go beyond command over natural elements. China is working to reduce its emphasis on just mined nutrients while simultaneously lowering the economic impact of EV cell production by encouraging a powerful battery recycling business.

Chinese businesses like CATL and GEM Co, Ltd. are positioned in the battery recycling market by utilizing cutting-edge technologies to increase the reuse rate of crucial materials. These businesses use cutting-edge extraction techniques to recover valuable components from outdated batteries, which can then be reintegrated into the production cycle.

This strategy improves resource efficiency and reduces waste, as well as establishing a strong green image for China on the global stage. The Chinese government’s supportive policies, which include setting industry standards, offering financial support, and providing tax incentives, are further strengthening the growth of this sector, making China’s position in the global circular economy increasingly difficult to match.

In contrast, the United States and Europe have yet to create comprehensive battery recycling supply chains, which puts them at a long-term disadvantage. Western countries ‘ battery recycling efforts remain fragmented, with limited large-scale infrastructure in place.

China has the opportunity to set standards and win markets in areas that may eventually rely on China for recycled battery materials, just as they have historically relied on it for raw materials.

China’s recycling network will grow as EV adoption increases and the volume of used batteries rises, potentially making Chinese companies key partners for international companies looking to secure sustainable sources of battery materials.

China has a lot of leverage on the international stage thanks to its expanding knowledge of battery recycling. China has greater influence over the global EV supply chain and is at a disadvantage in negotiations with businesses and nations that depend on these resources because of its control over both new and recycled sources of critical minerals.

China’s emphasis on recycling and sustainable practices also aligns with its goals to be a responsible global player in climate action, a position that is crucial as green technology becomes more politicized on the global stage.

However, Western countries are increasingly wary of China’s closed-loop resource system. Particularly in the United States, concerns have been raised that China might use its influence over the recycling supply chain to increase its position of authority in green technology.

There is also growing concern that China may be able to establish standards for sustainability in ways that serve its own interests as a result of this influence.

These issues are at the crossroads between geopolitics and circular economy initiatives: even in those whose main concern is the environment, there is strong competition between the US and China.

China’s research and development in battery recycling serve as both a wise response to resource shortage and a step-by-step exploration of potential circular economy potential. The ability to close the loop on crucial resources like EV batteries will become an increasingly valuable asset as the global green transition progresses.

How countries balance the need for supply chain independence with their circular economy goals could be a key factor in the US and China’s ongoing green technology battle. The future of green technology and, consequently, the dynamics of the world’s economic power will likely be influenced by China’s involvement in battery recycling.

Lin Qin is visiting PhD students at the Liu Institute for Asia andamp; Asian Studies at the University of Notre Dame, and PhD students at the Shanghai International Studies University’s School of International Relations and& Public Affairs. Follow her on X at @Lyinn_Chin7

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New Indonesia fund rings early alarm bells on Prabowo – Asia Times

Indonesia’s powerful state-owned enterprise ( SEO ) sector is on the verge of a major shake-up as the new Prabowo Subianto administration attempts to reshape the nation’s economic system.

On November 7, Prabowo’s state is expected to release information about a new super-holding organization for SOEs and another government-controlled finances to become known as the Daya Anagata Nusantara Investment Management Agency, or Danantara.

While the novel company’s specific mandate and work is unclear, the management has promoted the idea it will serve as an Indonesian version of Temasek, Singapore’s effective sovereign wealth fund.

But, feedback from the public and in-the-know sources suggest Danantara could be something entirely different, with some hesitant to accept it as a direct investment in the government’s name projects without going through the customary Ministry of Finance budget arrangement approach.

Fears about the proposed shake-up focus on two key points. First, while Danantara’s scope is unclear, it will likely overlap heavily in numerous areas with Indonesia’s existing sovereign wealth fund, the Indonesian Investment Authority ( INA ), and the Ministry for State-Owned Enterprises helmed by Erick Thorir.

Next, there are concerns that the move may aim to lead State resources toward idealistic political priorities, including his energy security, completely student lunch and food security policies, as well as potential patronage of political allies, given that the new holding company appears to be under the authority of the national office.

However, according to sources with knowledge of the situation, top SOE ministry officials were immediately notified when plans for the new holding company first appeared on October 22.

Burhannudin Abdullah, former chancellor of the Bank of Indonesia and part of the advisory committee for Prabowo, who was then president-elect, made the first proposals to reform the SOE government and create a very keeping company in a speech on September 25.

However, the sudden announcement that this concept would be put into practice still irritated many people. Many assumed that Thorir, a billionaire and influential political operator, would continue to play a significant role in bringing together and rationalizing the SOE sector under Prabowo. He was reappointed to the position he had held under President Joko Widodo.

The announcement of an apparently parallel organization, with scant details about its remit, has thrown all this into doubt. Thorir continued to appear obnoxious on Danantara as of November 4. ” I do n’t know exactly. When reporters inquired about the new holding company’s plans for November 8th, he replied,” I’m just setting up the office.”

In Indonesia, SOE control is a particularly powerful position. In 2023, SOEs controlled US$ 671 billion in assets, equivalent to 48.9 % of the country’s gross domestic product ( GDP ), in sectors spanning energy, mining, finance, agriculture and construction.

In addition to running big businesses in key sectors, Indonesia’s SOEs carry out government policies as varied as distributing subsidized fuel and food, to building new infrastructure projects, to making micro-loans to the poor. They are a potent source of patronage because of their ability to appoint people to fill positions and distribute contracts.

So what’s likely behind Danatara’s creation? Muliaman Hadad, who will head Danantara and formerly served as chair of Indonesia’s financial services authority, invoked both Singapore’s Temasek and Indonesia’s INA as models for the fund in recent comments to the press.

The analogies appear to be intended to reassure markets, even though they use very different strategies: the former focuses heavily on overseas assets plus a few strategic Singaporean companies, and the latter more on co-investing with large foreign funds in Indonesian infrastructure. Both Temasek and INA are reputable institutions that are renowned for having good governance and technocratic management.

However, initial reports and information from a variety of sources point to the possibility that Danantara will turn out to be something quite different. According to reports from Katadata, Danantara will control Indonesia’s seven SOEs, which are currently the biggest dividend-payers.

These include three big state-owned banks, namely Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia, monopoly electricity distributor PLN, oil and gas giant Pertamina, telecoms conglomerate Telkom Indonesia and mining giant MIND ID.

There are also rumored plans to combine the reputable INA with Danantara, which could cause a potential cultural conflict between bureaucrats and private professionals. The INA has invested in a portfolio of private companies and SOEs with an emphasis on infrastructure, including Bank Mandiri and Bank Rakyat Indonesia.

Some special investment vehicles under the Ministry of Finance’s control, including perhaps Indonesia Infrastructure Guarantee Fund ( IIGF ) and Indonesia Infrastructure Financing ( IIF), may also come under Danantara’s control.

Some investors and analysts worry that the new super-holding company will add yet more bureaucracy and special interests to navigate and placate. Additionally, there are concerns that the new entity might undermine existing relationships that INA has with numerous large international investment, pension, and sovereign funds.

Moreover, Hadad’s appointment to head Danantara has raised certain concerns about the body’s governance.

Hadad served as Burhanuddin’s deputy when the latter oversaw payments of about$ 10 million to members of parliament and paid the legal fees for former central bank officials who were facing corruption charges when they were governor of the Bank of Indonesia.

One of those officials assisted in this way was Sudrajad Dwjiwandono – Prabowo’s brother-in-law. Burhannudin was later found guilty and given a five-year prison sentence for his actions.

There are already several indications that Prabowo wants to appoint loyalists in key positions in the SOE sector.

On November 5, it was announced that Simon Aloysius Mantiri, a member of Prabowo’s Gerindra party and deputy treasurer of his presidential campaign, would be the new CEO of the state-owned oil and gas giant Pertamina.

According to critics, more political appointments of this sort would be made through Danantara, which would increase presidential control over SOEs.

By resigning Indonesia’s trusted finance minister, Sri Mulyani Indrawati, and indicating that he could reduce funding for some of his signature policy promises, Prabowo earlier sought to calm market concerns about his robust spending plans and governance.

That did n’t address concerns about his big boat cabinet, the largest ever since the mid-1960s with some 48 ministers and 56 vice-ministers. The appointees are notably heavy on economic technocrats and heavy on political party leaders. &nbsp, &nbsp,

How markets will react to Nanantara’s creation is still unclear. However, as Prabowo’s vision for the fund becomes clearer, the sudden and, in many ways, suspect move taken so early in his term could well rekindle those market jitters.

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The US pivot to Africa is not working – Asia Times

In the coming years, several areas will be as crucial to the nation’s economy as Sub-Saharan Africa. It covers the majority of American states, stretching from the plains of the Sahel to the coasts of the Cape.

The land of nations like the Democratic Republic of the Congo, Burkinabe, Niger, and Mali is rich in natural resources, including lithium, chrome, gold, platinum, and uranium, which are essential for the development of next-generation batteries and the operation of small nuclear reactors, which will determine the scientific arms race in artificial intelligence.

Russia has been aggressively pushing into the area, using both secret military companies like the famous Wagner Group and state-owned companies like the Russian nuclear power corporation Rosatom, which is expanding its footprint across the continent by becoming a partner to various American governments in their effort for energy diversification. This almost unprecedented wealth in important materials is the reason why.

Russia is consistently stifling France, a trusted security companion of many African governments, in its effort to gain more traction across the globe. Iran has also had troubling opportunities as a result of France’s decline in control. Uranium bright cake, which Tehran is now trying to buy from Niger, has a potential significant contribution to its nuclear program. &nbsp,

The United States ‘ leadership on the continent should be a goal that should have broad bipartisan support across the aisle because of the combination of economic and political factors that have made Africa a crucial part of its federal security interests.

Nonetheless, much like the botched flee from Afghanistan, the Biden presidency has been delaying both our American friends and colleagues by focusing less on the intentions and more on the tactical execution of this “pivot to Africa.”

In a report released by the White House in August 2022, the recent US government laid out a four-point strategic plan for Sub-Saharan Africa. According to this document, America’s goal was to “foster openness and open cultures”, “deliver democracy and stability dividends”, “advance pandemic recovery and economic opportunity” and” help protection, climate version, and a just power change”.

Only the final two objectives have a chance of being more than worn-out neoconservative cliches and being meaningfully realized in the interests of both Africa and the United States, according to one charitable argument from these high-flying ambitions. The Biden administration has n’t yet demonstrated any tangible accomplishments in its pivot to Africa, and it’s unlikely to do so in its final few months in office.

Angola is a prime example of the US’s failure to pursue a policy in Sub-Saharan Africa, where the Biden administration has been attempting to reshape relations with a government that, since winning its independence from its former colonial master Portugal in 1975, has been a staunch ally first of the Soviet Union and then Russia, after its fall.

The ruling Popular Movement for the Liberation of Angola ( MPLA ), a party with radical Marxist roots, has been in power for almost 50 years, imposing rigged elections and numerous egregious human rights violations on the populace to stay in power.

Although Angola ( like Venezuela ) is rich in gas and oil reserves, corruption is widespread and a daily part of life for ordinary citizens. And while Angola’s president João Lourenço has signaled his intention to improve his country’s ties with the US and lessen Chinese and Russian influence, in August of this year, he signed several agreements with Russian President Vladimir Putin solidifying Moscow’s presence in a range of strategic sectors of the Angolan economy, including gas and oil production, space and agriculture.

In Angola, one of the Biden administration’s instruments for achieving at least two of its strategic objectives, namely creating greater economic opportunities and supporting renewable energy production, has been the little-known Export-Import ( “EXIM” ) Bank of the United States, a federal export credit agency.

It was established in 1934 in the wake of the Great Depression, and its original purpose was to boost trade with US businesses by offering preferential loans to foreign businesses looking to purchase American goods.

In pursuit of this mission, EXIM Bank gave billions of dollars in loans to countries around the world, including strategic adversaries, such as the Soviet Union and China, as well as governments in Africa, Asia and Latin America that were “democratic” only in name.

It could be argued persuasively that the results of this lavish spending of US government funds were frequently linked to maintaining the stability and power of dictatorial regimes by providing them with economic assistance and compounding corruption.

In Angola, EXIM Bank has been attempting to encourage economic growth by awarding two separate loans worth a combined US$ 2.5 billion to a Delaware-registered company called Sun Africa LLC in June 2023 and July 2024.

EXIM Bank’s loans were intended to support the construction of solar energy plants in Angola, create over 4, 700 US jobs, and help US exporters compete with Chinese suppliers.

While this transaction appears to be in line with American economic interests at first glance, a closer examination of the facts on the ground reveals yet another troubling set of circumstances that undermine any hope for meaningful job creation in the United States.

For a start, for the completion of its Angolan projects, Sun Africa is collaborating with local construction company Omatapalo, which is crony-linked to the Lourenço administration and the MPLA, raising significant concerns regarding potential corruption involving local authorities.

One of Sun Africa’s strategic partners in Angola is Hitachi Energy, a contractor that has done extensive work for Chinese state companies, and Dar Al-Handasah, a controversial Lebanese company, will provide technical assistance, according to a memorandum of understanding signed in December 2023.

Finally, according to an article that was published in July of this year about the appointment of Sun Africa’s new British head of export credit and structured finance, the business largely purchased its solar panels from South Korea and indicated that it might also consider “very competitive” British suppliers in the future.

It appears that Sun Africa has everything in place to launch operations in Angola for the benefit of its shareholders and international partners. Anyone’s guesses about where and how thousands of US jobs will ever be created under this scheme. &nbsp, &nbsp, &nbsp,

The Biden administration’s consistent blundering foreign policy, which, with little oversight, has failed to do basic due diligence on the recipients of large-scale US government funds, is perfectly illustrated by the EXIM bank’s promotion of green energy in Angola.

It also appears to have failed to steer clear of the obvious risks of corruption arising in the case of Sun Africa’s government-linked partner, Omatapalo, which will likewise benefit from EXIM bank/US Taxpayer largesse.

While on a political level, the Biden Administration has failed to insist that Lourceno’s government perform a meaningful break with America’s adversaries, economically, it equally does not appear to have insisted on making sure that American and Angolan private businesses would be the main suppliers of Sun Africa’s US government-funded activities.

The US is being outsmarted by its adversaries and fooled by unrealistic policy objectives and untrustworthy local partners in the case of EXIM Bank’s Angolan investment, which is symptomatic of the poorly executed “pivot to Africa” campaign.

A radical reappraisal of America’s African strategy is in order. Let’s hope it happens sooner, rather than later with more competent leaders in charge.

Erik Prince is an expert in security and business in America. He founded the Frontier Group of Companies as well as a philanthropist.

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Vietnam’s gains from ongoing US-China trade war could be on shaky ground

The US announced in May this year that it would raise tariffs on Chinese semiconductors from 25 % to 50 % by 2025. &nbsp,

Another tariffs- including a 100 per cent work on Chinese energy vehicles, 50 per share on renewable cells, and 25 per cent on steel, aluminium, EV batteries and key minerals- went into effect on Sep 27. &nbsp,

IBE Electronics also faces some challenges despite the cost benefits it can move on to customers operating in Vietnam.

The production time that is two weeks longer than its factory in China because of the country’s emerging supporting business. Additionally, there is an extra 5 % shipping cost.

POTENTIAL FUTURE IMPORT TARIFFS

Relocating from China might not protect businesses from the danger of a new level of business conflict escalation. &nbsp,

Whether Democratic presidential nominee Kamala Harris or her Republican rival, former president, Donald Trump wins the election on Tuesday ( Nov. 5 ), analysts predict the conflict will continue. &nbsp,

But, under a Trump leadership, some states may have a reason to fear the future of their business relationships with the US.

Trump announced that if reelected, he may establish 10 to 20 per cent in jobs across the board on all goods. This is distinct from the 60 percent or more of the price he intends to impose on Chinese goods into the US.

” Some more Taiwanese businesses will visit Vietnam in the future. But, we are also worried about levies on Vietnam as well, so that’s why we need to have a service in the US”, said Ms Xu.

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How are firms dealing with US import tariffs on Chinese goods that could persist?

For instance, Igloo intends to continue to base most of its operations that after spending about a decade building a mature supply chain there.

” I think we still maintain a balance by tapping the sources of China, as well as continuing to manufacture our own products overseas, because the supply chain environment typically takes years to build up to its value and even maturity,” he said. said Mr He. &nbsp,

Mr Liu Ning, whose production firm Bolan Intelligent Technology Co- Igloo’s Foreign partner- has worked attentively with US companies for more than 20 years, also plans to stay in Guangdong’s professional city Huizhou. &nbsp, &nbsp,

Nearly half of his fund’s company goes to the US, he said.

” I believe we’re indistinguishable. No matter who’s going to be president, I do n’t think there will be a big impact”, he said.

” We have steady customers not just in the US, but also in Japan and Europe, so we are not worried”.

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‘Not just a gimmick’: Malaysia graft busters’ TikTok video of fashion office raid spurs calls for transparency

The anti-graft busters also confirmed that the situation is being looked into in accordance with Section 18 of the MACC Act of 2009, which prohibits the making of false accusations and forecloses on possible penalties of up to 20 years in prison and RM10,000 or RM10,000, whichever is higher, upon faith. &nbsp,

“( I ) hope this is not just a gimmick”, said X user @sakura_csgppkls on Nov 5. &nbsp,

The 58-second videos posted on TikTok shows the blurred faces of Ms. Vivy and Mr. Fadzarudin being interrogated as well as MACC’s officials searching through the company.

On Friday, both owners announced their resignation from the business. &nbsp,

” This looks staged though, to show that MACC is actually doing work”, echoed another X user” Marry Ann” on the same day. &nbsp,

” Good job MACC and Madani (unity ) government, we support”, said TikTok user Rousley M Deen.

” Stay updating us citizens, MACC. We want to know every single particulars”, another netizen Hazwani Baharum commented.

” I’m hoping the inspection will be thorough much, even though it involves prominent people. Most companies had to get loans, spoon out money for their businesses. Money does n’t come easy for us ordinary people. Does justice be served, netizen Ms. Ida Rafidah remarked on Saturday on an Instagram post from the local news outlet Astro Awani.

Mr. Azam confirmed on November 2 through a press speech that investigations are ongoing. &nbsp,

The statement read, “SPRM would like to provide the confirmation that a detailed investigation will be conducted, fair and appropriately.” The public is urged to refrain from speculating about those involved. &nbsp,

Mr. Azam even pointed out that the Ministry of Finance, PNB, and Khazanah had four official records from MACC.

Some internet users have even questioned why such a large investment was made despite FashionValet already recording losses. They likewise urged thorough investigations into Khazanah and PNB, who gave approval for the investment. &nbsp,

Local media reported on November 4 that Khazanah and PNB’s investment in the business in 2018 led to the company’s financial account filings with the Companies Commission of Malaysia ( SSM) showing a consistent decline from RM166, 793 in 2012 to RM10.7 million in 2017. &nbsp,

A severe and rigorous assessment is required to examine this. Why invest in a non-profitable company, would n’t it raise a red flag? Why wait until the loss reaches tens of millions ( of ringgit ),” questioned Facebook user Ms Mariam Lim on November 4. &nbsp,

Another Twitter user, Mr. Choon Hock Tay, wrote on November 4 that” Those decision-makers in Khazanah and PNB had been investigated… MACC had research without concern or fervour.” &nbsp,

Netizens also pointed out that Ms Vivy’s luxurious life has since been removed from her social media accounts. &nbsp,

” People are mad at Vivy because she flaunts her success everyday, even when finances from Khazanah and PNB are mismanaged”, said another X person. &nbsp,

” FV ( FashionValet ) needs to prove that funds from Khazanah and PNB are not used to purchase ( Ms) Vivy’s personal items”, said netizen Zaki Talib on Nov 5.

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Singtel detected and ‘eradicated’ malware said to be from Chinese hacking group

SINGAPORE: &nbsp, Singtel said it had detected and&nbsp, “eradicated” ransomware that was apparently from Chinese state-sponsored thieves.

It was responding to a Bloomberg report on Tuesday ( Nov 5 ) that claimed Singtel had been “breached” by a hacking organization known as Volt Typhoon. &nbsp,

The report stated that the incident was reported in June and that it was a part of a wider campaign against telecom companies and other important facilities around the world by quoting two people with knowledge of the situation. &nbsp,

When questioned about the Bloomberg record, Singtel responded to CNA on Tuesday, saying,” We are constantly probed, like any other big organization and key network support company around the world.

The malware was discovered by our safe and detachable steps, which were then reported to the appropriate authorities.

Singtel is the largest telecommunication operator in Singapore. Its company Optus is the second-largest controller in Australia.

US officials announced in May that they had spoken with the Chinese government about a massive computer spy operation involving Volt Typhoon.

According to officials, the activity targeted&nbsp, crucial American network organizations that range from transport hubs to communications networks, and could be used against the country in a potential political crisis.

China’s attempts were to&nbsp, utilize the exposure it has gained into US companies in the event of a conflict or conflict, according to American leaders. The Chinese have denied these complaints. &nbsp,

The Wall Street Journal reported in October that Chinese thieves had hacked into US broadband providers ‘ systems and hacked into provincial government networks for investigations.

Singtel stated on Tuesday that system resilience is essential to its company, adding that it collaborates with security partners to track and tackle the risks it encounters everyday.

The company added,” We also regularly review and improve our security abilities and position to protect our critical resources from evolving challenges.

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Harris or Trump, Philippines sitting pretty with America – Asia Times

MANILA – Ahead of one of America’s most contentious-ever votes, one Eastern position is doubling down with confidence in its alliance with Washington.

Regardless of whether Trump or Harris wins the presidency, the Philippines is optimistic in stark contrast to crucial European and Asian capitals, where there is little sway over the path of American foreign policy. &nbsp,

Because Republicans and Democrats agree that China must be contained, including in the South China Sea, the Filipino corporate elite believes that relations with their one mutual defense treaty alliance will continue to be stable, if no significantly, in the coming years.

If anything, Manila is very enthusiastic about the chance for even stronger bilateral relations if former US president Donald Trump wins the election.

Back in the US, however, Filipino-Americans are also among the staunchest of his followers with minority parties. The Filipino-American group has a significant impact on the outcome of the approaching elections thanks to their significant presence in swing states like Nevada.

” With President Trump, an allied partner needs to play an ( active ) role”, Philippine Ambassador to Washington, Jose Romualdez, told this writer earlier this year. &nbsp,” And we will]surely ] do our part. We must collaborate to serve our individual goals. ]And ] our Republican friends have been very appreciative of]us playing a more proactive role ]”, he added.

The long-term prospects for diplomatic ties are promising for the Philippines ‘ best minister to Washington, who also happens to be a second cousin of President Ferdinand Marcos Jr. ” Whether it’s a Republican or Democratic, we may do our part”, he argued, emphasizing bipartisan support for strong diplomatic relations for the foreseeable future.

The country of Southeast Asia is speaking the language. Despite China’s vehement opposition, the Philippines has made it clear that it will continue to host America’s state-of-the-art weapons systems, most notably the Typhon missile system, under an expanded Enhanced Defense Cooperation Agreement ( EDCA ) regime.

In addition, the Southeast Asian nation is strengthening its trilateral ties with the US and Japan, as well as other important Western partners from Europe to Australia, who are interested in exploiting the Philippines ‘ enormous potential as a major materials supplier and semiconductor manufacturing site.

The Marcos Jr. management has good reason to feel comfortable about its “personal politics” with either of the two individuals. By all accounts, Vice President Kamala Harris had a successful trip to Manila in soon 2022, just weeks after Marcos Jr’s opening.

Harris was able to establish a rapport with vital political parties in the Philippines during the journey, and she was honored to receive acclaim from the security apparatus for her visit to Palawan, a province on the edge of the South China Sea, as well as for her interaction with journalists and civil society organizations with an emphasis on human rights and democracy.

As president, Harris would have ideal ties with important allies like the Philippines because of her Eastern American history and instinctive experience with the Asian region.

When the two demagogues were at the height of their power, Rodrigo Duterte’s relationship with Donald Trump has been extensively covered.

There is even a fantastical story among Trump followers that the transfer of a nationalist to the White House was fundamentally alter diplomatic relations in their pursuit amid the political unrest between the Dutertes and Marcoses.

However, the Marcos Jr. management has every reason to be confident in its ties to a Trump 2.0 president. After all, the Marcoses have had a half-a-century-long partnership with the original real estate mogul.

While former First Lady Imelda Marcos and the famous Filipino community shared an intimate friendship during their seventies in Manhattan, according to reports, the famous Filipino community also owned a Trump tower in America. Not to mention that both Trump and Marcos Sr. had the same social branding strategies and battle managers.

Beyond attitudes and close relationships, what binds the US and the Philippines is shared political passions, especially their concern for China.

” We have very powerful bipartisan support from both the Republicans and Democrats”, the US ambassador to Washington, Jose Romualdez, told this writer. ” Our mutual interests are at stake, ]and ] we have same interests in stabilizing the region”, he added, underscoring his optimism about continuity in bilateral relations due to shared interests.

With Kamala Harris, the Marcos Jr management expects consistency in the Biden administration’s international policy, which has focused on building a coalition of like-minded colleagues in the Indo-Pacific to preserve China’s interests in check.

With Trump, nevertheless, some Filipino managers expect an even more Asia-focused and Sino-skeptic international policy, which could directly benefit the Philippines.

Top Trump administration planners, some of whom are expected to retake important positions in the coming year if Republicans win the White House, have officially advocated for a foreign policy that appeals to China hawks in Manila.

Past US deputy national security adviser Matt Pottinger has argued for a more strategic approach to contain China. Others like Elbridge Colby, one of the chief architects of the Trump administration’s National Security Strategy ( NSS) at the Pentagon, have identified the Philippines as key partner for America’s grand strategy against China.

The Philippines is a “frontline” state that deserved the most American military and proper assistance in the face of a secessionist China, according to Colby, who served from 2017 to 2018 as deputy assistant secretary of defense for plan and power growth.

Robert O’Brien, a previous US national security adviser, has also made related arguments. &nbsp, “]T] he United States may concentrate its Pacific politics on allies such as Australia, Japan, the Philippines, and South Korea, standard partners such as Singapore, and emerging ones such as Indonesia and Vietnam”, he argued in an oft-cited Foreign Affairs part.

” Congress may help build up the military forces of Indonesia, the Philippines, and Vietnam by extending to them the sorts of grants, loans, and arms payments that the United States has long offered Israel. The Philippines, in particular, needs fast aid in its conflict with Chinese troops in the South China Sea. The army should start a crash course to repair abandoned ships, including battleships and amphibious assault ships that are currently awaiting service in Philadelphia and Hawaii, before donating them to the Philippines, he suggested.

Regardless of whether Republicans or Democrats are in power in the White House, the Philippines is constantly preparing for more defense cooperation with the US. On the one hand, it’s doubling down on security cooperation with various important nations like Japan and not just the US.

The US-Japan-Philippines Trilateral Cyber and Digital Dialogue was held on the heels of Singapore International Cyber Week’s 9th anniversary next month.

The US Ambassador at big for Cyberspace and Digital Policy Nathaniel Fick, Jeffrey Ian Dyer, the Philippine Undersecretary for Infostructure Management, Cybersecurity, and Upskilling, and Yukio Saita, Japan’s Deputy Assistant Minister for Cyber Security and Information Technology Management, were among those present.

” During the speech, officials discussed multilateral assistance in cyberspace, including human cybersecurity capacity building, cybersecurity workforce development, maritime security, and data sharing”, the US State Department said in a statement. &nbsp,” The United States, Japan, and the Philippines will continue to work together to enhance international cyberspace stability, data security and privacy, and cyber and digital capacity building in the region”.

The three allies are also focusing on supply-chain resilience and strategic economic cooperation. Both Japan and the US are quickly upgrading and upgrading their capacity for semiconductor production. The Philippines, however, provides a unique opportunity for enhancing America’s “de-risking” strategy vis-à-vis China.

As the world’s second-largest producer of nickel, the Southeast Asian nation is positioning itself as a chief’ China-free ‘ provider of critical minerals for EV battery production. This is crucial because Chinese companies control almost every EV supply chain in the neighboring countries of Indonesia and Sub-Saharan Africa and Latin America.

Additionally, the Philippines wants to become a major producer of more sophisticated semiconductors and a potential design and packaging hub for Taiwanese neighbors, who are also major chip-making nations.

&nbsp,” We are a trusted partner right now, we provide a major destination for semiconductor production”, Romualdez told this writer, when asked about strategic economic cooperation under a future US president. &nbsp, &nbsp,

Just as crucial is the Philippines ‘ decision to welcome an ever-larger American military presence and, accordingly, host state-of-the-art weapons systems which could target China-based missile systems in the event of any conflict in the region, including over Taiwan.

The Philippines ‘ 25th Infantry Division’s commander, US Major General Marcus Evans, stated in a statement following the Philippines ‘ announcement to permanently host the Typhon missile system, which has a range of up to 1,600 kilometers (994 miles ), which gives it the opportunity to understand how to use that capability.” This is very unique to any other place in the region,” said Evans.

” ]We have been conducting ] incredibly important operations]together ] because you get to work in the environment, but most importantly, you’re working alongside our partners here in the Philippines to understand how those will be integrated into their operations]in the event of a contingency ]”, the US general added after the US and Philippine armies conducted major wargames last month to underscore growing interoperability and joint preparedness for any future regional conflict.

Follow Richard Javad Heydarian on X at @Richeydarian

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