GEORGE TOWN – Penang’s metamorphosis into a tech hub began when U.S. tech giant Intel set up its first base outside the homeland. Intel now employs 7,000 people in 12 buildings across the state; its total investment of $4 billion has resulted in the production of 4 billion microprocessors. “What drew Andy Grove and Intel to Penang in 1972 remains true today: an openness to investment and partnership, an avowal to innovation, and a long-term commitment to education,” Intel spokesperson John Mandeville told the Nikkei Asian Review. “One of the main drivers was the establishment of a Free Trade Zone in Penang in the early 1970s, which provided attractive incentives to foreign investors,” said Simon Song, managing director of Bosch Malaysia, which has three manufacturing facilities in Penang, making power tools, car multimedia systems and automotive steering units.
Tag: Lim Guan Eng
Hipsters vs heritage – Bangkok Post
GEORGE TOWN – Haja Mohideen is the last of his kind, the sole fashioner of the traditional Malaysian hat called songkok melayu who is still working on Penang island. With that impending finality on his mind, the 69 year old milliner sits at his street-side desk for 11-12 hours a day, cutting and stitching the 5 or 6 hats that make up his daily output. “Most of the orders come when there are ceremonies, holidays,” Haja said.
Malaysia’s Najib, 1MDB push back against claims – Nikkei Asian Review
BANGKOK/KUALA LUMPUR – Malaysia’s Prime Minister Najib Razak and troubled state fund 1Malaysia Development Berhad have denied claims published in the Wall Street Journal that $700 million was funneled by 1MDB into Najib’s personal bank accounts – allegations that have heaped even more pressure on the already embattled prime minister. Nurul Izzah Anwar, an opposition MP and daughter of jailed opposition leader Anwar Ibrahim, told the Nikkei Asian Review that “in any democratic nation, any working democratic nation,” Najib would have had to resign already.
Relief for Najib as Malasyia’s opposition coalition falls apart – Nikkei Asian Review
KUALA LUMPUR – After months of internecine fighting that highlighted some of Malaysia’s long-standing ethnic and religious divisions, the end for the three-party Pakatan Rakyat (People’s Alliance) coalition came after a blistering attack on June 15 by the largely ethnic-Chinese Democratic Action Party on the mainly-Malay Parti Islam Se-Malaysia (Malaysian Islamic Party). The Islamic party, commonly known as PAS, had on June 6 voted to sever links with the DAP, meaning the future of the alliance was in doubt before the DAP’s announcement. PAS MP Khalid Abdul Samad told the Nikkei Asian Review that the change in party leadership and the June 6 vote to cut ties with the DAP meant that “there is no longer a Pakatan Rakyat.”
Difficult post-election period for Malaysia – The Diplomat
KUALA LUMPUR — After a disputed election, Malaysia’s opposition appears to be in something of a bind as to what comes next ahead of the opening of parliament on June 24. On May 5, the Barisan Nasional (BN, or National Front) coalition held onto office in Malaysia’s 13th general election, meaning that if it stays in government for the full five year term to 2018, it will—with its forerunner the Alliance Party—top six continuous decades in office. The Pakatan Rakyat (PKR, or People’s Alliance) opposition doesn’t think that the BN won a free and fair vote, however, and is filing official complaints against the outcome in 25 constituencies which it says were marred by cheating. If the opposition alliance won enough of the seats it is contesting, it would reverse the election outcome – a 133-89 seat win for the BN on a record 85 per cent turnout. In turn, the BN has filed complaints about 21 seats, which if it carried, would return the governing coalition’s two-thirds parliamentary majority lost in 2008 elections – an outcome that for the first time spurred opposition hopes that it could make history by beating the BN at the polls.