Beating US in sci-tech


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China is No.1 in technological innovation for the first time 

AS China takes a leading role in technological innovation around the world, its efforts to help Chinese enterprises protect their intellectual property rights overseas have increased, an official from the country’s top IP regulator said.

Shen Changyu, head of the China National Intellectual Property Administration, told a news conference on Wednesday that China had 24 “top 100 science and technology clusters” by the end of last year, ranking first in the world for the first time.

The ranking was issued by the World Intellectual Property Organization in its Global Innovation Index 2023.

According to the index, the top 100 science and technology clusters were concentrated in three regions last year – North America, Europe and Asia – and more specifically in two countries – China and the United States.

For the first time last year, China was the economy with the most clusters ranked among the top 100, overtaking the US’ 21 clusters, the same as in 2022, the index showed.

Shen said the achievement was due to the improvement in the quality and quantity of domestic innovation.

He said China authorised 921,000 invention patents last year, up 15.3% year-on-year.

Shen emphasised that IP rights are crucial for an enterprise’s international competitiveness, adding that the administration has taken effective measures to help domestic companies strengthen IP protection when going global.

For instance, the administration has set up a national response and guidance centre for overseas IP disputes with the China Council for the Promotion of International Trade, and has also established stations in countries and regions with intensive trade exchanges to provide professional and efficient IP services for domestic enterprises, he said.

The centre and stations served 1,706 companies last year, helping them recover economic losses of 6.89 billion yuan (RM4.46bil), he said.

“We’ve also continued boosting the collection and supply of overseas IP information, and used online platforms to regularly release IP legal rules and risk warning messages of major nations and regions to help our companies learn about the IP situation in a timely manner,” Shen added.

He said the training of lawyers who can tackle foreign-related IP cases will be increased, and more centres and stations will be built.

China also intensified a crackdown on counterfeits and endeavoured to protect copyrights last year.

Kuang Xu, an official from the State Administration for Market Regulation, said on Wednesday that 44,100 administrative cases related to violations of trademarks and patents were resolved last year.

Among those cases, 1,376 suspected of IP crimes were handed over to judicial authorities, he added.

More than 6.4 million copyrighted works were registered last year, up 42.3% year-on-year, and 4,745 cases of piracy or copyright infringement were resolved, said Tang Zhaozhi, from the copyright management bureau at the Publicity Department of the Communist Party of China Central Committee. — China Daily/ANN

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Overcapacity’ an excuse to target ‘Made-in-China’


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The overarching US strategy of exaggerating the issue of China’s overcapacity … is aimed at checking China’s industrial development by resorting to a beggar-thy-neighbour policy. — China Daily

RECENTLY, some US and EU officials have said China’s overcapacity distorts global pricing and production patterns. Concur-rently, the Joe Biden administration is considering imposing high tariffs on Chinese steel and aluminum, potentially opening a new front in the ongoing trade conflicts in order to contain Beijing’s “Made in China” drive.

Overcapacity is an economic term that signifies a situation in which there is too much production capacity relative to current demand levels, and hence it should not be overly “pan-securitised”.

Capacity utilisation rates are crucial indicators of whether capacity is adequately leveraged, with a very high rate generally indicating a shortage and a low rate suggesting excess capacity or an irrational capacity structure.

According to the latest data from Trading Economics, the United States has a capacity utilisation rate of 78.3% while China’s stands at 75.9%.

Developed countries including the United States and European nations consider any rate between 79% and 83% an indicator of supply and demand. China’s rate is not significantly lower than the healthy range.

Moreover, China has eliminated outdated steel production capacity to a large extent, having reduced about 300 million tonnes of steel and one billion tonnes of coal capacities, including entirely eliminating 140 million tonnes of substandard steel capacity, over the past decade.

Western pressure on China’s industries and trade has intensified in recent years, with many Western countries restricting the export of semiconductors to China and curbing the import of Chinese-made new energy vehicles, while taking “reshoring” or “near-shoring” measures, further exacerbating global overcapacity and straining the global economic governance system.

This is not the first time the West is using “overcapacity” as a pretext to suppress China’s manufacturing sector. In 2012, the European Commission initiated an anti-dumping investigation into Chinese photovoltaic products, initially planning to impose a 47.6% tariff on them. But in July 2013, China and the European Union “amicably” settled the photovoltaic trade dispute.

Unlike previous occasions, however, this round of scrutiny by the West is focused on China’s advanced manufacturing, particularly in clean energy sectors such as electric vehicles (EVs), photovoltaic panels and lithium batteries – areas in which there is intense Sino-US competition and China enjoys competitive advantages.

In recent years, spurred by the “New Washington Consensus”, the Joe Biden administration has increasingly used administrative and other non-market forces to ensure it has the upper hand in its competition with China in strategic future industries.

Government intervention

Also, the United States has been strengthening the industrial policy through government intervention, which, in essence, is strategic protectionism.

As many as 49 industries including automobile, aerospace, defence, electrical equipment, information and communications technology, and renewable energy in the United States get huge government subsidies.

Also, while strengthening itself, the United States has also increased efforts to weaken others. In recent years, under the guise of combating climate change and promoting low-carbon development, the United States has enacted the Inflation Reduction Act, which imposes discriminatory subsidy policies on products from World Trade Organisation (WTO) member states, specifically EVs from China.

These measures distort fair competition and will disrupt the global supply chains, as well as violate WTO rules of national treatment and most-favoured-nation status.

With the US presidential election still seven months away, the “overcapacity” issue is likely to be exploited by US politicians on the campaign trail, and the United States could intensify its rhetoric on China’s overcapacity, possibly imposing tariffs on Chinese exports including EVs, power batteries and photovoltaic panels.

It could also ramp up anti-subsidy and anti-dumping investigations, and impose green or labour standards barriers to limit Chinese exports. Alternatively, it may continue to forge alliances based on different issues to contain China.

The overarching US strategy of exaggerating the issue of China’s overcapacity is not aimed at striking a balance between global supply and demand; instead, it is aimed at checking China’s industrial development by resorting to a beggar-thy-neighbour policy.

The narrative of overcapacity is crafted by the United States to curb China’s industrial upgrading, safeguard certain Western countries’ vested interests in the global industry and supply chains, promote the reshoring of supply chains to the United States, bolster the US’ manufacturing competitiveness, contain China’s technological progress and prevent it from achieving breakthroughs in advanced manufacturing and strategic industries. — China Daily/ANN

Zhang Monan is deputy director of the Institute of American and European Studies at the China Centre for International Economic Exchanges. The views expressed are the writer’s own.

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Yellen’s hope for China to reduce production capacity of EVs and solar panels shows a typical American




China firmly opposes ‘overcapacity‘ hype as speculation is unjustified: Chinese FM


Faced with the common challenge of climate change, promoting energy transition should uphold an open and cooperative attitude, rather than getting bogged down in futile trade disputes and blame games, otherwise it will only hinder the pace of global energy transition.


Privacy-centric advertising practices


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3 Pillars Of Privacy-Centric Marketing: Steps You Need To Take Now



Darren Yuen, CEO of ad agency Initiative Malaysia

PETALING JAYA: Since the beginning of this year, Google has limited third-party cookies for its Chrome web browser users, marking a first step towards eventually abandoning the files that have raised privacy concerns for some time.

The testing period of the deprecation of third-party cookies will continue till the third quarter of this year, by which time it will be ramped up to restrict all users.

The changes are causing a seismic shift in the way digital marketers operate across the brands they work with.

Darren Yuen, CEO of ad agency Initiative Malaysia, shared his views with StarBiz on how limiting third-party cookies would affect the way agencies and marketers work moving forward.

StarBiz: What are cookies and how have they been used in digital advertising?

Yuen: Cookies are small files which are used to target advertising by tracking web navigation and have recently been subject to greater regulation globally.

These text files gather data about users’ browsing activity, identify computers that are connected to a computer network and specifically are used to identify and track specific users.

First-party cookies collect information activities on a particular site to improve the user experience. These are website-specific and once you click off the site, first-party cookies stop tracking you.

Third-party cookies on the other hand, work by embedding a persistent file on individual computers, working across the Internet to collect information about overall browsing habits.

Unlike first-party cookies, third-party cookies are generated externally by digital advertising agencies.

When users visit a site, the cookies track the site activity and save data about the browsing session, such as the sites visited and how much time is spent on certain pages, etc.

This data is sent back to the third party who created the cookie and is used to build out individual and group audience profiles.

Why should cookies be restricted?

Privacy concerns around the world have been the main push behind the cookie’s demise.

Previously, users had no control over when companies tracked them with cookies, but key regulations such as the General Data Protection Regulation that mandates that websites must ask for consent before using cookies on users in the European Union and the European Economic Area have set a precedent worldwide, improving the quality of data collected.

How will the loss of third-party cookies impact the advertising industry and its implications for advertisers?

Historically, most advertisers have relied on third-party data to inform ad campaigns. The loss of these will signify a loss of detailed targeting capabilities and decreased capabilities to measure ad performance accurately.

While the death of the cookie will dramatically change the digital marketing landscape for good, new technologies are arising to replace third-party cookies or improve first-party cookies.

As such, there will now be an increased reliance on first-party data, contextual targeting (a technique where ads are placed based on the content of a particular web page) and third party alternatives to the cookie like The Trade Desk UID or Universal ID – a holistic targeting and measurement system that’s more privacy-conscious.

At this point, are advertisers in Malaysia prepared?

Some brands have begun investing in tech infrastructure to start collecting their own first party cookies and other data sources.

Brands are also starting to invest in alternative solutions like contextual targeting or implementing ways to map customer relationship management data directly to platforms for improved measurement.

However, there is a high cost of entry to improve these ad tech capabilities and advertisers are generally wary of newer capabilities.

Advertisers also have concerns around these changes.

For instance, there are uncertainties and a lack of understanding around new alternative solutions such as the increased use of UIDs, which is a privacy-focused, unencrypted identifier created from a user’s email address or phone number.

There are also concerns around the potential decrease in measuring campaign effectiveness and how brands can maintain personalised digital experiences without detailed interest and behaviour targeting.

What are some key steps to get advertisers prepared?

The most important thing is for advertisers to re-examine their existing digital marketing strategy to see ways in which reliance on third-party cookies can be eliminated.

For instance, advertisers need to allocate resources to collect and manage first-party data effectively.

On an immediate basis, it will be useful to also start testing alternative targeting approaches across current campaigns by partnering with ad tech firms to create inventive solutions based on the UIDs.

Initiative Malaysia has also developed a unique assessment approach for the brands we work with, through an Emerging Tech Assessment.

This helps assess a brand’s digital activity’s readiness to these changes by categorising it into high, medium and low-risk buckets.

From here, we help plot a roadmap over the coming months to mitigate any potential risk areas and look at technologies available that could supersede existing performance.

How will advertisers be impacted if they do not prepare themselves for this development?

It is imperative that brands make swift preparation for these changes as there will be serious repercussions in the coming year, with wastage of advertising budgets on less effective campaigns or possibly delivering ads that are irrelevant.Brands will also face difficulties in reaching and engaging with their high value target audiences and in the long run, lose competitiveness in the digital space. This shift towards more privacy-centric advertising practices is here to stay and brands need to hasten efforts to gain an edge over their competition.

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Fund-of-Funds to fuel local firms


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Fund RM1BIL set aside to invest in innovative highi-growth start-ups, says PM 



KUALA LUMPUR: A sum of RM1bil for the “National Fund-of-Funds” will be set up to invest in innovative high-growth Malaysian companies, says Datuk Seri Anwar Ibrahim.

“I am pleased to share that Khazanah Nasional Bhd will launch a ‘National Fund-of-Funds’ with an initial RM1bil allocation,” the Prime Minister said when delivering his keynote address at the launch of the inaugural KL20 Summit here yesterday.

He said the setting up of the fund represented the government’s continued commitment to assisting local companies such as those run by bumiputra entrepreneurs, as well as startups and small and medium enterprises (SMEs), in line with Budget 2024 allocations.

ALSO READ: Policy advisory panel to focus on growth and economy

He said the government acknowledged the growing importance of startups in driving technological advancements in the country.

As such, he said the KL20 Summit provided an ideal launchpad for innovative ideas.

“KL20 does not simply represent a single-event summit but marks a clear break from the past, which is a comprehensive effort to catalyse the technology ecosystem,” he said

He added that KL20 would fit strategically into the central governing economic philosophy of the Madani Economic Framework, which is underscored by the principle that economic growth and compatible distribution are in harmony with market forces.

ALSO READ: Elevating the country to be a leading startup destination

“The government is also aiming to centralise investment agencies such as Malaysia Venture Capital Management Bhd (Mavcap) and Penjana Kapital under Khazanah Nasional,” he said.

Anwar also announced the signing of agreements involving 25 entities from various sectors of the startup ecosystem to help create cutting-edge technology ventures in Malaysia.

Among them was the Asean Investment Initiative between Khazanah Nasional, Kumpulan Wang Persaraan (KWAP) and Blue Chip Venture Capital that will invest RM3bil in the South-East Asian and Malaysian ecosystems.

ALSO READ: KL20 Summit 2024 to attract high-quality investments – PM

He also said that 12 international venture capital firms would be setting up offices in Kuala Lumpur, which will help Malaysian startups be discovered and nurtured to be globally successful.

On semiconductors, he said the nation’s substantial hold on the backend had made it conducive to pursue high-value front-end work, primarily in the integrated circuit (IC) design category.

“I am pleased to announce the largest IC Design Park in South-East Asia, which will house world-class anchor tenants and collaborate with global companies such as Arm.

“This is done with the backing of the Selangor Information Technology and Digital Economy Corporation (Sidec), with the Selangor state government, and this is proof that momentum is already being built on the ground,” he said.

ALSO READ: Making the Malaysian startup pitch

He added that the country was positioning itself as one of the leaders in semiconductors, clean energy, agritech and Islamic fintech.

To make Malaysia a true gateway to major economies, Anwar said a city-to-city connection between Kuala Lumpur and Hangzhou would be established so that capital, talent and market access would no longer be a barrier.

Earlier in his speech, Economy Minister Rafizi Ramli said the goal of the KL20 Action Plan was to bring the top 20 startups in the world into the country.

This, he said, would be done through the immediate introduction of several measures.

He said the move was aimed at accelerating the critical areas of a startup ecosystem here.

“The ambition is for Malaysia to be the choice destination for early-stage and growth capital and to be the centre for world-class entrepreneurs and skilled talent,” said Rafizi.

He added that it was also the goal for the nation to be the home for leading startups in the world.

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Policy advisory panel to focus on growth and economy

Elevating the country to be a leading startup destination

Enhancing the venture capital ecosystem

Making the Malaysian startup pitch

KL20 Summit 2024 to attract high-quality investments – PM

RM1bil for ‘Fund-of-Funds’ to invest in high-growth firms

Timely focus on startups

A cobbler with a big heart: Give, you shall receive


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Heart of gold: Bohari, who plies his trade at Eastmoore Commercial Centre, is always ready to lend a helping hand to those in need. — ZULAZHAR SHEBLEE/The Star

Aw: He didn’t hesitate to help us even though we were strangers

KUCHING: Seven years ago, cobbler Bohari Ariffin lent a helping hand to Aw Joo Lee and her wheelchair-bound mother even though they were strangers to him.

Last month, Bohari and Aw reconnected in a touching encounter that subsequently brought well-deserved attention to the cobbler’s kindness.

That day in 2017, Bohari was mending shoes at his usual spot at the five-foot way of Eastmoore Commercial Centre here when he saw Aw with her mother, who was an amputee.

“They wanted to go up the stairs, but her mother was unable to do so. I felt sorry for them, so I approached them and helped to carry her mother up the stairs.

“I did not think of anything, I just carried her up and then carried her back down again, that was all,” Bohari told The Star when met at Eastmoore.

What motivated Bohari to help Aw and her mother was his spirit of humanity.

“Our humanity causes us to sympathise with others. We are all fellow human beings.

“Whatever religion or race we may be, we can help others because it’s for the good of everyone. I didn’t expect anything in return, I just sincerely wanted to help them,” he said.

For Aw, Bohari’s kindness was particularly meaningful as it came at a difficult time for her family.

“At that time, I was there with my mum and my father, who were both in their 80s. I was the only able-bodied person bringing my parents to meet somebody urgently.

“When we got to the building, I was very frustrated because there was a steep flight of stairs and no lift,” she recalled.

“Suddenly this man came up to me. He didn’t say much, but I understood immediately that he was going to help.

“My mum had only one leg, she wasn’t a small woman and she was quite heavy. But Bohari just lifted her and took her up the stairs while I carried the wheelchair.

“When we came down, I said thank you, but we were all pretty distracted by our family issues and left quickly.”

Aw, who is from Kuching but has been living in Singapore for many years, never forgot Bohari and would think about him every time she came back to visit relatives.

On her last trip here at the end of March, he was still on her mind and a friend encouraged her to try looking for him.

“When someone, especially a stranger, helps you at a difficult time in your life, you can never forget.

“It really leaves an indelible mark in your heart.

“Even though I had said thank you, I wanted to know more about that kind stranger and thank him properly,” Aw said.

So she went to Eastmoore and was very happy to find Bohari still there. And Bohari also remembered helping her mother.

“I was really emotional when I saw him again and tears sprang to my eyes.

“When I asked why he had helped us, he said ‘Kita orang sama manusia’ (We are all fellow humans).

“Bohari is really the hero we all need in our lives,” Aw said.

She subsequently wrote about Bohari’s kindness on the Sarawak Public Feedback Facebook page and encouraged people to seek his services.

“I wanted to help him in his business as well, so that’s why I decided to write a simple post about him.

“Being a cobbler is not an easy job, yet for such a humble profession he has a big heart.

“I hope that after this he will be blessed in many other ways and have more supporters,” she said.

Bohari was also moved by his recent meeting with Aw and the Facebook post she wrote.

“When she came to meet me, I shed a few tears myself. She remembered my small good deed, but I would like to thank her too because she thought about it even though it happened so long ago, and she was willing to look for me,” he said.

With the Facebook post, Bohari hoped that Malaysians would become more aware about helping others.

“I hope everyone will show sympathy to others in need. Don’t think that you are better than other people but help where you can,” he said, adding that he had also helped other people who came his way.

“It doesn’t matter who they are. I may not have much, but I will help anyone in need even if they don’t ask.”

Heartwarming tales such as this are promoted and encouraged by the “Maaf Zahir Batin Hari Hari” campaign (#MZB365), which was launched on April 6. The campaign stands strong with support from major media organisations and civil society organisations (CSOs).

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Giving is receiving

It takes a village: The generous act of Ladang Bikam villagers, who recently helped some Hari Raya revellers to beat the balik kampung jam with a shortcut through the plantation (below), touched the hearts of social media users. — Sinar Harian

FEW stories warm the heart quite like our plural society coming together for the greater good.

Usually, these acts of kindness go unnoticed and unreported because they’re expected. But truth be told, we know this is a commodity.

And as with true generosity, these good folks don’t do it for publicity.

It was a week ago when the media reported on a group of Chinese villagers answering the call of travellers using back roads to avoid the nationwide snarl following the end of the Hari Raya holidays.

Commuter Zairul Annuar Zain, relying on Google Maps, thought his smartphone would solve his problem by getting off the highway while heading south. Unfortunately, he found himself on an isolated path in Ladang Bikam, Perak, instead.

Several cars explored the same off-the-beaten-track route, but the journey soon became bumpier because of the bad, hilly road conditions.

Enter a group of 15 Chinese men who approached the stranded vehicles and told the passengers to wait while they set to work.

Armed with a backhoe to excavate and level the road, they managed to ensure the path was flat enough for the vehicles to pass through within 15 minutes.

— Video Screengrab from Zairul Annuar’s FB

“They could have chosen to sleep. Instead, they were willing to take the trouble to help us continue our journey there that night,” said Zairul, who recorded a video of the helpful villagers.

We’re indebted to Zairul for sharing the incident – which went viral – on his Facebook. It’s perfect timing because the nation desperately needs an endearing story, and in the month of Syawal with the nation still celebrating Hari Raya, no less.

Then, there was another wonderful video of a young Chinese man embracing his adopted Malay mother on Hari Raya.

Despite looking very different from the rest of the brood, and knowing he was adopted, the emotional man expressed his gratitude to his mum for raising him and treating him like she did his siblings.

In the last month, Malaysia has been gripped by disconcerting reports, a situation exacerbated by agitating and provoking politicians and netizens. Their insensitive comments on social media have certainly broken our hearts.

That said, there are many unsung heroes in Malaysia, too. These are the people who dedicate their lives to helping their countrymen without deliberating one’s skin colour or religion, and they ask for nothing in return.

Star Media Group and Gamuda Bhd have worked together for nearly 10 years to recognise and reward the kindness with the Star Golden Hearts Award. Our task gets harder with greater competition and nominees becoming more impressive every year. The nominations are submitted to the judges and as chief judge, Tan Sri Lee Lam Thye, says Malaysia is never short of unsung heroes.

Like when insurance agent Abdul Muhsi Ramlan saw teenager Teh Rui Yuan lying motionless next to his motorbike after an accident and instinctively stopped to help.

He acted fast and asked onlookers to help him load the 17-year-old boy into his car before rushing to the hospital. There, he admitted the boy and even extended himself by trying to get in touch with the teenager’s parents through social media.

Teh eventually recovered and visited Abdul Muhsi with his family after that year’s Hari Raya with a hamper in hand, not only to register their gratitude but mark the festive occasion as well.

“When I saw his face, I just wanted to save him,” said Abdul Muhsi when recalling the accident, revealing that they are still in touch to this day.



Of course, there’s also the heart melting story of one of 2016’s Star Golden Hearts Award winner Mohd Yusuf Rohani caring for diabetic friend R. Doraisamy for four decades.

They are neither related nor from the same cultural background, but none of that matters to them.

The pair met in Ladang Selabak, Perak, when Mohd Yusuf was a Standard Three student and Doraisamy a 28-year-old odd job worker with failing eyesight. Although 19 years separate them, a friendship was forged in which Mohd Yusuf has dedicated himself to helping his friend after learning of his health issues.

Over the years, Doraisamy not only lost his sight, but the lower half of both limbs, too, due to his illness.

“It may be difficult, but I don’t see it as a burden at all because he can’t see, and he has no legs. Who would take care of him if I’m not around to do it?” argues Mohd Yusuf.

His care of Doraisamy runs the gamut of financial aid to cleaning the older friend after his bathroom runs. They may both struggle to make ends meet, but hardship has fused them together for life. From his primary school days through to his marriage and birth of six daughters, Mohd Yusuf has remained resolute in helping his friend, who lives with his younger sister and her husband.

Friendships like these may seem strange, but compassion and kindness cut across all boundaries. After all, it’s the giving that makes us what we are.

Having been involved in the selection process for Golden Hearts before, I can vouch that most Malaysians are compassionate.

From a Chinese-speaking Malay fireman who used his linguistic skills to coax a woman from jumping off her flat, to nurses, doctors and helpers who risked their lives to care for Malaysians during the Covid-19 pandemic, there are many such stories.

There are also groups of youngsters who sacrifice their Saturday nights to distribute food to the homeless in Kuala Lumpur. No one is ignored and no questions are asked either.

As Lee said, the fact that they have been nominated by so many Malaysians vividly attests to the recognition of their good work.

Then, there are caregivers who voluntarily work to help the elderly and disabled, too.

These are tedious jobs which require immeasurable patience and dedication, and again, these volunteers have never asked for coverage to bask in social media glory.

Some are mere individuals while others belong to non-governmental organisations with greater manpower, but the bottom line is, they’ve positively impacted all of us in Malaysia through their commitment.

Let’s be honest, many of us have grown tired and weary, and even given up on our country, going as far as to encourage overseas based friends and family to remain there for a brighter future.

However, the stories above serve to remind us that Malaysia is truly unified, barring egotistical and selfish politicians whose vocabulary barely extends beyond the word boycott.

In truth, it’s us who should turn away from them. Although race and religion routinely take the rap, the world is ultimately divided into good and bad people.

The “Maaf Zahir Batin Hari Hari” campaign (#MZB365), launched on April 6, is also promoting heartwarming tales of unity in Malaysia. The campaign stands strong with support from major media corporations and civil society organisations. Check out the stories on TheStar.com.my.

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A wake-up call for banks


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 KUALA LUMPUR: The police remain firm in their stance that people should ignore calls from unknown numbers.

Instead, they say, legitimate businesses have to find new ways to handle over-the-phone marketing and verification methods.

The need for new ways is due to scammers also using the same methods to make victims part with information about themselves, according to Federal Commercial Crime Investigation Department director Comm Datuk Seri Ramli Mohamed Yoosuf.

Comm Ramli acknowledged that both the banking and telemarketing industries have been facing problems with customers refusing to reveal information about themselves for verification purposes.

“I have been asked what would happen to industries that rely on telemarketing services to promote their services if the police continue to advise all to not answer calls from unknown numbers. I urge these industries to change their promotion tactics and not try to change consumer behaviour.“Among the more popular tactics in online scams are the use of phone calls to contact victims directly. This has created a fear among people that unknown calls are from scammers.“Our priority must be the protection of consumers,” he said.

In the eyes of the police, he said, the best way to avoid being scammed is to simply ignore unknown calls, as this completely removes the risk of being cheated over the phone.

He added that he had also personally received legitimate calls but would not give the required information as he preferred to err on the side of safety.

“Just last week, I received five calls from two banking institutions for over-the-phone verification. When I asked about the purpose of the call, I was told I would need to verify my identity first.

“So it’s a never-ending issue; I have to verify myself to them and the banks will need to verify themselves to me.

“In the end, no one verifies and both end the call,” he said, leading to laughter from reporters.

He also noted that business is still being conducted using mobile numbers, leading to even more suspicion.

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Kuala Lumpur ranked 22 in list of 100 best cities for remote work


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KL ranked 22nd for remote work – The Star

The city to be in: Malaysia is a prime destination for employers looking for quality team members, and for many businesses to establish an Asian hub in Kuala Lumpur. — IZZRAFIQ ALIAS/The Star

KUALA LUMPUR: Kuala Lumpur made a significant leap to the 22nd position, a significant climb from its 84th place in the 2022 rankings, cementing its status as one of the premier global destinations for remote work.

This upward trajectory is mirrored by other Southeast Asian cities like Taipei, securing the 8th spot, and Bangkok, ranking 18th, according to Remote, a prominent global HR platform.

Published by Remote, the list of the top 100 global destinations for remote work showcases cities such as Madrid (Spain), Madeira (Portugal), Toronto (Canada), Auckland (New Zealand), and Tokyo (Japan) among the top 10 choices.

Factors such as quality of life, safety, internet infrastructure, cost of living, inflation, attractiveness, openness, and incentives for remote workers were meticulously considered in the analysis.

Utilising the latest data, the list aims to guide digital nomads and remote professionals in making informed decisions aligned with their personal preferences and career goals. Kuala Lumpur particularly stands out, ranking in the top five for its favourable remote work visa and incentive programs.

Remote underscores the increasing significance of selecting the right destination as remote work evolves into a lifestyle choice.

It highlighted Kuala Lumpur’s appeal as a magnet for remote workers, reflecting the proactive stance of the Malaysian government in positioning itself as a prime destination for digital nomads within the ASEAN region.

The allure of Kuala Lumpur lies in its blend of a relatively low cost of living, attractive incentives for digital nomads, and the availability of fast and reliable internet services. Nonetheless, factors such as quality of life and openness have also played a pivotal role in shaping its overall ranking, it said.

Job van der Voort, co-founder and chief executive officer of Remote, highlighted the transformative nature of remote work, enabling professionals to sustain careers in environments that inspire productivity and balance.

This year’s list reflects not only the best places for remote living and working but also the evolving needs of remote professionals in a post-pandemic world, he said.

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Eruption of Mount Ruang volcano puts paid to travel plans, Volcano’s fury sparks tsunami alert


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Lives interrupted: Sharul’s daughter’s flight was among the flights cancelled. (Right) Miguel says suspended flights meant students couldn’t get back to their classes in Sarawak.

PETALING JAYA: From family members and students to a would-be bridegroom, the eruption of Mount Ruang volcano in Sulawesi, Indonesia, has caused widespread disruptions to Malaysians – and even their pets – between the peninsula and the South China Sea.

Those affected by the cancelled flights to and from Sabah and Sarawak took to social media to share their experiences yesterday.

On X (formerly Twitter), Tiffa Riza expressed sadness for being unable to return to Kuching to pick up her cats.

“Please pray that my flight doesn’t get delayed because of the volcano eruption. I want to go pick up my cats,” she wrote before finding out about the cancellation of her flight.

She later updated her X status: “I can’t go home because of the volcano. Inbound and outbound flights from Sabah and Sarawak are all cancelled for today and tomorrow.”

A Facebook user, Han Budak Cina, said he was making a trip back to Sarawak yesterday for his wedding tomorrow.

“I was planning to go to Sarawak today (yesterday) … I’m getting married this Saturday,” he wrote.

Another X user known as Miguel said many Universiti Malaysia Sarawak (Unimas) students from Peninsular Malaysia couldn’t return to their classes in Sarawak following the suspended flights.

“Unimas students from the peninsula who want to go to Sabah and Sarawak this week can’t do so as all flights have been suspended,” he wrote.

Ju Razalli, whose flight from Penang to Sabah was suspended, attached a video of passengers queueing up to leave the aircraft with her post on Facebook.

“All passengers were instructed to leave (the aircraft).

“All flights to Sabah are cancelled effective immediately. Sabah’s airspace is closed,” she wrote.

Sharul Wong posted on Facebook that her daughter’s Malaysia Airlines (MAS) flight from Kota Kinabalu International Airport (KKIA) to Kuala Lumpur International Airport (KLIA) scheduled for departure at 9.50am yesterday was also cancelled.

“Now, she is at KKIA, waiting for MAS to reschedule her flight,” he said.

According to news reports, over 2,000 passengers were stranded at Terminal 2 of KLIA due to the eruption of Mount Ruang.

The cancelled flights involve those to Sandakan, Labuan, Miri, Sibu, Bintulu, Kuching and Brunei, which are expected to be affected until 8am today.

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Ernie Bot helps Chinese tech giant Baidu double down on AI push


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Ernie LLM has emerged as China’s leading AI foundation model with the broadest range of applications. — China Daily

SHENZHEN: Chinese tech heavyweight Baidu Inc says its large language model and ChatGPT-like chatbot, Ernie Bot, has garnered more than 200 million users since its debut in March 2023.

The company said it is ramping up efforts to bolster the commercial application of generative artificial intelligence (AI) technology.

On Tuesday, Baidu showcased a suite of AI models and development toolkits to empower individuals with accessible and easy-to-use tools to create AI applications at the Create 2024 Baidu AI Developer Conference in Shenzhen, Guangdong.

Robin Li, co-founder, chairman and chief executive officer of Baidu, said at the event that the Ernie LLM has now emerged as China’s leading AI foundation model with the broadest range of applications.

LLMs refer to AI models fed with huge amounts of text data for use in a variety of tasks, ranging from natural language processing to machine translation.

Li said the Ernie model has achieved an obvious upgrade with improved performance in code generation, code interpretation, and code optimisation in recent months, and its capabilities have reached a world-leading level.

The inference performance of the Ernie model has improved by 105 times compared with the one launched last March, and its inference cost has been reduced to only 1% of the previous version, he said.

Furthermore, more than 85,000 enterprise clients have used Baidu’s enterprise-level LLM platform, Qianfan, to create 190,000 AI applications.

“AI is catalysing a revolution in creativity. In the future, developing an AI application will be as straightforward as creating a short video. Everyone can be a developer and create,” Li said.

Li also said multimodal LLMs that integrate different types of content like text, images, speech and video into AI models are key to the future development of AI.

This approach has been largely regarded as essential for realising artificial general intelligence, which is a theoretical AI system with capabilities that rival those of a human, Li said.

Charlie Dai, vice-president and principal analyst at Forrester, a research firm, said that as one of the leaders in the AI software market in China, Baidu has made substantial progress in the technological evolution of foundation models, which are becoming critical for next-generation AI applications.

He added that the company was expanding its business ecosystem of generative AI technology.

At the event, Li also noted that “the most significant use for large visual models is in autonomous driving systems”.

Baidu’s goal is not just about teaching AI to create video but also about enabling AI to comprehend real-world dynamics and predict future events, which are critical for driving autonomously.

He said the company has utilised extensive data from over 100 million kilometres of testing on complex city roads in China to develop the visual model for its autonomous driving platform, Apollo.

The multimodal LLM is an undeniable future development direction for generative AI technology, said Lu Yanxia, research director at market consultancy IDC China.

She added that the LLMs necessitate a higher demand for data and knowledge in professional fields and for talent that can fine-tune specialised models based on diverse industrial demands.

Lu said Chinese tech companies should pool more resources into improving computing power, algorithms and the quality of data to gain a competitive edge in the global AI chatbot race.

Pan Helin, a member of the Expert Committee for Information and Communication Economy, which operates under the aegis of the Industry and Information Technology Ministry, said the Ernie model made achievements in some specialised application scenarios like AI programming.

Pan said more efforts should be made to bolster the vertical industrial application of LLMs in a wider range of sectors. — China Daily/ANN

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Baidu’s AI generative product ERNIE Bot amasses over 100 million users as China welcomes a ‘battle



Baidu launches enhanced ERNIE 4.0 AI generative bot

unlimited opportunities for new innovations.nbsp;brbrIn his keynote, Li showcased the new ERNIE Bot

2023/10/17 Source: Global Times | Author: Global Times | Column: Economy

Factors underpinning bullish outlook for gold


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Shining bright: A saleswoman showing gold bangles at a shop in Kolkata, India. The escalation in geopolitical risks in the Middle East may see the precious metal take centre stage this week. — Reuters

PETALING JAYA: There is a growing bullish outlook for gold as a safe and stable investment given the bias to shift towards monetary easing by major central banks, rising geopolitical tensions, aggressive purchasing by central banks and increasing global debt concerns.

OCBC Bank foreign exchange strategist Christopher Wong said while investors have adjusted expectations regarding the timing and extent of the US Federal Reserve’s (Fed) initial rate cut, the consensus that a cut is the next step remains firm.

“The prospects of global monetary easing, central banks’ sustained purchase of gold and geopolitical concerns remained the key drivers underpinning gold’s bullish outlook,” he told StarBiz.

Wong noted the European Central Bank, the Bank of England, the Swiss National Bank, and the Bank of Canada are expected to enter a phase of monetary easing.

“This synchronous easing potential should continue to boost the appeal of gold,” he added.

However, from a positioning and market dynamics perspective, Wong advised caution due to the risk of a near-term retracement in gold prices.

This caution stems from the rapid increase in gold prices in the short recent period and the currently stretched long positions in gold.

That was evident at last Friday’s price action when it hit a high of US$2,431 a troy ounce before profit-taking saw gold settle at US$2,343 for the week.

The escalation in geopolitical risks in the Middle East over the weekend could see the precious metal take centre stage this trading week as investors look for safe havens.

Wong’s medium-term forecast is for gold to rise to US$2,435 per troy ounce by the first half of 2024.

Meanwhile, SPI Asset Management managing director Stephen Innes pointed out unusual circumstances for gold market makers.

He said despite the 10-year US real yields reaching around 2% – the highest since the Lehman crisis – gold prices have continued to climb, setting record highs in 2024.

“Given that gold doesn’t pay any interest, it should be facing competition and pressure. However, despite this, gold has hit record after record high in 2024 and is far from being down and out,” he said.

Innes pointed out that the primary appeal of gold lies in its role as an inflation hedge.

“If you’re not a gold bug, the yellow metal has one primary appeal: it serves as an inflation hedge,” he added.

With no internal rate of return, he said its value often hinges on its ability to preserve purchasing power in times of rising prices

However, regardless of the inflation trends, Innes expected the Fed to cut rates.

This expectation is supported by the US national debt’s rapid increase, with much of this debt financed through short-term instruments.

“The US national debt is rising by US$1 trillion every 100 days. By the time Americans head to the polls in November, it’s expected to reach US$37 trillion. But most of this is getting funded in less than one-year tenor,” he explained.

Innes further explained that the US Treasury has substantially increased its issuance of treasury bills with maturities of less than one year.

The strategy has decreased the average maturity of its debt, making it more sensitive to short-term interest rate changes.

“As a result, this Treasury Twist encourages the Fed to reduce interest rates to ease front-end volatility,” he added.

Innes suggests that initially, the Fed’s interest rate cuts might not directly target reducing the Treasury’s borrowing costs.

However, he said eventually monetary policy could pivot towards facilitating this fiscal largesse.

Ultimately, Innes expects in the near to medium term, the Fed might find itself compelled to assist in managing the US Treasury’s interest payments by reducing rates – a policy shift that could continue to bolster gold’s appeal.

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