The ringgit's poor performance can be attributed to a lack of competitiveness in Malaysia over the past 28 years,
says a World Bank economist. Apurva Sanghi said this was partly a
consequence of the 1Malaysia Development Bhd (1MDB) financial scandal.
PETALING JAYA: The ringgit’s poor performance can be attributed to a
lack of competitiveness in Malaysia over the past 28 years, says a World
Bank economist.
Apurva Sanghi said this was partly a consequence of the 1Malaysia Development Bhd (1MDB) financial scandal.
“Weak ringgit is ultimately a symptom of long-term decline in Malaysia’s competitiveness,” Apurva said on X.
The
economist said while many Asian countries also slid following the 1998
financial crisis, Malaysia’s lack of reforms had affected its economy in
the long run.
He added that Malaysia opted for short-term solutions to boost the ringgit in the immediate aftermath of the financial crisis.
Apurva
said it consequently hurt the currency in the long run, adding that the
government’s measures resulted in its GDP and exports falling.
He
said the Thai baht and South Korean won outperformed the ringgit as
both countries arguably reformed the most after the financial crisis.
Separately, Perikatan Nasional chairman Tan Sri Muhyiddin
Yassin said the government should own up to its own failures instead of
pointing fingers at others.
Muhyiddin said it is unreasonable
for the government to blame the Opposition for the fall of the ringgit
when they are the ones in power.
“They are the government of the
day and have the responsibility, role and power to manage the country,”
he said during his Pagoh constituency Chinese New Year celebration at a
temple in Bukit Pasir yesterday.
The Pagoh MP was responding to
former Sabah chief minister Datuk Seri Salleh Said Keruak, who said the
Opposition’s constant claims about trying to topple the government mean
they should shoulder some of the blame for the weak ringgit.
US Secretary of State Antony Blinken takes part in a panel discussion at the Munich Security Conference (MSC) in Munich, southern Germany on February 17, 2024. Photo: VCG
Recently, during his participation in the Munich Security Conference (MSC), US Secretary of State Antony Blinken made a statement that offers significant room for interpretation and is worthy of in-depth analysis. When responding to a moderator's question concerning that "the US-China tensions are leading to greater fragmentation," he used an American slang phrase, stating that "if you're not at the table in the international system, you're going to be on the menu." Translated into Chinese, the meaning is akin to "if you're not the knife and the chopping board, you'll be the fish and meat on the board." As the chief diplomat of a superpower, Blinken's use of this phrase reveals a worldview characterized by a harsh and chilling perspective of a world where the strong prey on the weak.
This is not the first time Blinken has made such remarks. On January 24, 2022, during a forum, Blinken used this same phrase to elucidate the China-US relationship, emphasizing that in competition with China, they should make sure that the US is "at the table," but not on the menu. Going back further, this phrase appeared in a 1993 article in an American Middle East affairs journal, describing the situation in Lebanon at that time.
Subsequently, individuals of different backgrounds used it in various contexts. However, Washington politicians gradually found that it "vividly and accurately" encapsulates the US worldview and foreign strategy, making it resonate with their beliefs. Hence, Blinken reiterated the remarks.
The phrase "if you're not at the table, you'll probably be on the menu" is extremely straightforward, even blunt, representing a stark zero-sum game mentality. In plain language, if you have the strength, you devour others at the table; if you lack strength, you become the prey on the menu. It adheres completely to a jungle law where power and status, not ethical or legal norms, dictate actions.
Over 200 years ago, the massacre and land usurpation against the indigenous peoples living in North America were manifestations of this mind-set. World War I instigated by old European empires and, to some extent, the Cold War can also be seen as examples. However, with the progress of political civilization and the development of economic globalization, this mind-set and approach are increasingly unpopular.
In fact, even within the US, the use of this slang phrase is filled with criticism and reflection, because it implies that when privileges that can be enjoyed at the table appear, it is usually at the expense of sacrificing others. The corresponding Chinese phrase "if you're not at the table, you'll probably be on the menu" is even more filled with the humiliation of being at the mercy of others. Strictly speaking, Blinken, as the chief diplomat of the US and a professional diplomat, speaking such words can be considered a slip of the tongue and a loss of composure. However, his repeated blunt remarks in international public forums also indicate the unapologetic hegemonic thinking of current American diplomacy.
Washington's current official diplomatic rhetoric emphasizes the so-called "rules-based international order," but it is all used as tools to demand, restrain, and accuse others, or to cover up US own hegemonic intentions. Blinken's "table and menu" remarks indicate that the underlying logic that Washington truly believes in and follows in its foreign strategy has not fundamentally changed. He may also be intended to create a sensationalistic effect of intimidation. In the US Congress, there is a mobilization of public opinion on the strategy of containment against China, while internationally, the US is coercing other countries to take sides between it and China, or else they will end up on the menu.
Former US president Woodrow Wilson once said "the small states of the world have a right to enjoy the same respect for their sovereignty and for their territorial integrity that great and powerful nations expect and insist upon." The principle of sovereign equality of states established by the Westphalian system has long been one of the fundamental principles of international relations and international law. All countries, especially small ones, have a higher awareness and insistence on sovereign equality. However, centuries later, the chief diplomat of the US seems more convinced of power politics, and unashamedly uses the privilege of "sitting at the table with a Western knife and fork to prey on others" to pressure and entice other countries. It must be said that this is also the tragedy of American diplomacy.
Today's world is not a private restaurant monopolized and controlled by individual superpowers, but a broad stage where all countries should share prosperity, bear responsibilities, and compete fairly. The vast majority of countries in the international community share the common desire for peace over war, justice over hegemony, and cooperation over confrontation. No country is destined to become the fish on the menu. Going against this historical trend is bound to be criticized and opposed by the international community.
PUTRAJAYA: The Chinese and Tamil schools are here to stay.
The Federal Court had refused an application by two non-governmental organisations (NGOs) to seek leave to appeal against an earlier ruling that the use of Chinese and Tamil languages in these schools is constitutional.
A three-member panel led by Justice Mary Lim Thiam Suan, in a 2-1 majority decision, dismissed the application by Islamic Education Development Council (Mappim) and the Confederation of Malaysian Writers Association (Gapena) against the Appeals Court’s decision on Nov 23 last year.
The Appeals Court had affirmed that the existence and establishment of vernacular schools and the use of Chinese and Tamil languages in those schools are constitutional.
Justice Lim and Justice Rhodzariah Bujang dismissed the application of both petitioners, while Justice Abdul Karim Abdul Jalil dissented.
In delivering the majority decision, Justice Lim said the court found that Mappim and Gapena failed to meet the requirements under Section 96(a) of the Courts of Judicature Act 1964 to be granted leave to appeal on constitutional matters that had been amended by the petitioners.
“Therefore, the application for leave to appeal is dismissed with no costs,” she said.
Prior to this, the two NGOs, through their lawyer, Mohamed Haniff Khatri Abdulla, submitted eight questions which consisted of six constitutional and two legal questions. However, the questions were later amended and only one constitutional question was presented to the court.
The constitutional question was whether the medium of instruction in the teaching and learning process in national-type Chinese and Tamil schools, established under Sections 2, 17 and 28 of the Education Act 1996 (Act 550), is an official matter and subject to the obligation under Article 152(1) of the Federal Constitution. Article 152(1) mandates the use of the national language for all official matters.
On Dec 29, 2021, High Court judge Justice Mohd Nazlan Mohd Ghazali (now Court of Appeal judge) dismissed the lawsuit brought by GPMS, Mappim, Gapena and Isma. GPMS did not file an appeal.
On May 29 last year, in the Kota Baru High Court, judicial commissioner Abazafree Mohd Abbas (now High Court judge) also ruled that the existence of vernacular schools is constitutional and dismissed a suit filed by I-Guru.
In their suit, GPMS, Mappim, Gapena and Isma named several parties including the Malaysian government, Chinese education groups Dong Zong and Jiao Zong, Persatuan Thamizhar Malaysia, Persatuan Tamilar Thurunal (Perak) and four political parties – MIC, MCA, Gerakan and Parti Bumiputra Perkasa Malaysia – as respondents.
I-Guru, meanwhile, named the Education Minister and the Government of Malaysia as respondents and sought a declaration that Sections 17 and 28 of the Education Act 1996 are inconsistent with Article 152 of the Federal Constitution.
The Chinese Language Council, Tamil Neri Association, Confederation of former Tamil School Pupils, MCA and Dong Zong were allowed to be interveners in the suit filed by I-Guru. Isma and I-Guru were not parties in the application for leave yesterday.
In yesterday’s proceedings, only the United Welfare of Retired Tamil Teachers Association Malaysia, Chinese Language Council, Malaysian Tamil Neri Association and United Association of Malaysian Tamil Students did not oppose the constitutional question by Gapena and Mappim, while 10 other respondents including the Minister of Education and Government of Malaysia opposed.
Earlier, Mohamed Haniff Khatri submitted that the application involved a matter of public interest that has never been challenged in court since independence. He said the matter should be brought to the Federal Court to be solved once and for all.
“If a decision is made at the Federal Court, perhaps it will not be challenged again, but if this application is only settled at the Court of Appeal, certain parties may try to challenge it again in court over the next 10 years,” he said.
Senior federal counsel Liew Horng Bin, representing the Malaysian Government and Education Minister, submitted that there was no merit in the application and both NGOs failed to establish that the case was of public importance.
Datuk Malik Imtiaz Sarwar, who acted for Chong Hwa Independent High School of Kuala Lumpur, said there was a distinction between a political issue and a legal one.
“It is not necessary for the court to grant permission to hear constitutional issues,” the lawyer said. — Bernama
TCM practitioners exempted from 8 pct service tax - YouTube
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Traditional and complementary medicine practitioners registered under the T&CM Act 2016 will be exempted from the 8 percent service tax.
Finance Minister II Datuk Seri Amir Hamzah Azizan said as long as the TCM practitioners are registered with the Act under the Health Ministry, they will be exempted from the service tax that will come into effect on March 1.
Tax exemption for traditional and complementary medicine ...
PETALING JAYA: Consumers can heave a sigh of relief as Traditional and Complementary Medicine (T&CM) services will now be exempted from the 8% Sales and Service Tax (SST) from March 1, a U-turn from what was previously gazetted.
This reversal by the Finance Ministry reflects a consideration for the well-being of the people, prioritising healthcare accessibility, said Second Finance Minister Senator Datuk Seri Amir Hamzah Azizan.
He added that this exemption aligns with the Madani Malaysia concept, which is part of the Madani Economy Rakyat empowerment framework.
“The decision was agreed upon by the Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim as this is a step to improve the health and comfort of the people.
“At the same time, the Madani Economy framework will continue to empower small and medium enterprises (SMEs) which employ more than half of the labour in Malaysia.
“The government has acknowledged that SMEs still have a journey ahead before they can enter the global market.
“Therefore, these entrepreneurs rely on domestic demand for their business survival, especially those SMEs offering services to Malaysians,” said Amir Hamzah in a statement.
The Finance Ministry further stated that practitioners registered under the Traditional and Complementary Medicine Act 2016 (Act 775) do not need to register with the Customs Department.
“The services which will be exempted from SST will be on traditional Malay medicines, Chinese traditional medicines, Indian traditional medicines, homeopathy, chiropractic medicines, osteopathic medicines and Islamic faith healing.
“The Finance Ministry agreed that the decision will be imposed from March 1 onwards on services provided by health and wellness centres which are run by T&CM practitioners who are registered under the Act 775 for the stated services,” he said.
On Jan 6, The Star had published an article quoting T&CM practitioners questioning why they were not exempted from the 8% SST as they are categorised and recognised by the Health Ministry for providing medical services.
The Malaysian Chinese Medical Association and Association of Malay Naturopathy Medicine Practitioners Malaysia had then stated that the government needs to provide further clarification on why their services were being taxed.
“If the modern medicine field can be exempted, then why do our clients have to pay taxes for T&CM treatments?
“We definitely need more clarification on this,” Malaysian Chinese Medical Association President Dr Heng Aik Teng had queried.
The Association of Malay Naturopathy Medicine Practitioners Malaysia pointed out that T&CM practitioners undergo procedures similar to modern medicine practitioners, including registering with the T&CM Council, renewing their Annual Practice Certificate, having qualifications that are recognised, and complying with Act 775.
Traditional Chinese Medicine: What You Need To Know
TCM practitioners use various psychological and/or physical approaches (such as acupuncture and tai chi) as well as herbal products to address health problems.
China's challenger to Airbus and Boeing's passenger jets, the narrowbody C919, made its international debut in Singapore on the eve of opening day of its air show. It comes after Chinese planemaker Commercial Aircraft Corporation of China (Comac) signalled an interest in gaining a bigger foothold in the aviation market in 2024.
China's homegrown C919 secures biggest-ever aircraft order
China Eastern Airlines has signed a purchase contract with Commercial Aircraft Corporation of China, Ltd. (COMAC) for an additional 100 C919 planes, marking the largest single order for the China-developed large passenger aircraft.
According to the plan, the new C919 aircraft purchased by the airline company will be delivered in batches from 2024 to 2031.
China Eastern Airlines placed an order for five C919 planes in 2021. The company has taken delivery of two jets and put them into operation on the air route between the cities of Shanghai and Chengdu.
China's C919 passenger plane completes inaugural
commercial flight, showing China's efforts in self-innovation in high-end manufacturing industry
This photo taken on May 28, 2023 shows a C919, China's self-developed large passenger aircraft, getting ready for its first commercial flight in east China's Shanghai. C919 kicked off its first commercial flight from Shanghai to Beijing on Sunday, marking its official entry into the civil aviation market. (Xinhua)
C919, China's self-developed large passenger aircraft, completed its inaugural commercial flight from Shanghai to Beijing on Sunday, creating a milestone in China's aviation industry, which aims to compete with global players such as Boeing.
Developed by Commercial Aircraft Corporation of China (COMAC), the C919 aircraft, China's first self-developed large jet airliner, is important proof of China's strength in self-innovation in the high-end manufacturing industry, and its solid market performance will foster further confidence in future orders and among customers, Chinese experts said.
The C919's inaugural flight departed at 10:32 am from Shanghai Hongqiao International Airport and landed at Beijing Capital international Airport at 12:31 pm, where it was welcomed with a special water-salute ceremony.
The highly anticipated flight, codenamed MU9191 flying from Shanghai to Beijing was flown by China Eastern Airlines, and carried around 130 passengers.
"More than 20 years ago, I heard many people in the aviation field talking about their dream of making a big plane. I am so excited to be one of the first passengers to fly on the C919," a passenger named Shi Ding told the Global Times on Sunday.
Shi said he arrived at the Shanghai airport at 7:40 in the morning, and there were around 500 people attending the inaugural ceremony. "I have been closely watching the development of C919 for years. As an aviation fan, I am so proud that China now has such an advanced aircraft manufacturing industry."
The video clips he sent to the Global Times showed passengers waving national flags and the cabin filled with a euphoric atmosphere, with excited passengers taking photos and shooting videos. The carrier even prepared meals selected by poll by the passengers.
Both the business and economy class on the C919 use a new generation of domestically designed and produced cabin seats. Among them, eight business class seats use an all-aluminum alloy frame structure with a cradle design and a backrest that can reach 120 degrees. The distance between the front and rear seats exceeds 1 meter.
The C919 cabin has an aisle height of 2.25 meters, and the middle seat in the economy class triple seat is 1.5cm wider than the two seats on the end, bringing passengers more comfort.
The C919 project was launched in 2007 and completed its first test flight in 2017. On September 29, 2022, it obtained the Type Certificate from the Civil Aviation Administration of China, the country's aviation sector regulator.
With between 158 and 168 seats, and a flight range of 4,075 to 5,555 kilometers, the C919 is designed to have the same level of specifications as the popular Airbus 320 and Boeing 737.
According to China Eastern Airlines' plan, the first C919 plane will initially be operated between Shanghai and Chengdu, capital city of Southwest China's Sichuan Province, before flying more routes.
China Eastern has also set up special teams including cabin services to ensure security and guarantee services.
New starting point
"Based on earlier full preparations, the maiden flight is a new starting point for China Eastern," Li Yangmin, vice chairman of the Shanghai-based China Eastern Airlines Corp, was quoted as saying at the inaugural ceremony held in Shanghai on Sunday.
Li said the airline will take this commercial operation as an opportunity, and strive to meet market demand with high-quality supply, allowing people in China and even around the world to use the plane.
Before the flight, other Chinese airlines also expressed interest in the plane. On Thursday, Ma Chongxian, chairman of Air China Ltd, said that in 2010 the company signed a purchase agreement with COMAC for 20 C919 aircraft, and continued to pay attention to the progress of the C919.
China Southern Airlines vice chairman Han Wensheng said on the same say that his company is paying great attention to the C919 aircraft and maintaining close communication with COMAC.
COMAC said in January that the company expects to reach an annual production capacity of 150 C919 planes within five years, and has already received more than 1,200 orders, according to media reports.
Chinese experts said that the commercial fight is of great significance to China's equipment manufacturing industry, as the civil aircraft manufacturing industry is a symbol of a country's technological and industrial strength.
For China's aviation manufacturing industry, China's commercial aviation must have its own place in the world, in terms of not only market size and development potential, but also equipment manufacturing, Wang Ya'nan, chief editor of Beijing-based Aerospace Knowledge magazine, told the Global Times. "We must have our own manufacturing capabilities for regional aircraft and large commercial airliners," he noted.
We should focus on core technologies in key fields and continue to work together to tackle bottleneck problems, we must put safety and reliability first and eliminate all potential hazards, and we must do a good job in the large aircraft sector, said China's top leadership at the end of September last year that when the C919 passenger jet was issued the type certificate by China's civil aviation regulator, according to the Xinhua News Agency.
COMAC, the developer of the plane, extended its warm congratulations over the flight on its WeChat account with a line from an ancient poem that translates as "Till the day the strangled dragon vibrates in fresh rainfall, it will surely roar to the sky like a flying crane."
Photo: Courtesy of China Eastern Airlines
Global competition
Hours after the conclusion of the inaugural commercial flight, global plane manufacturers sent messages of congratulation.
"On the occasion of the successful commercial maiden flight of C919 today, we would like to extend our sincere congratulations to China Eastern Airlines and COMAC," Boeing said on its official WeChat account, while Airbus also sent warm congratulations to China Eastern Airlines C919 on successfully completing its first commercial flight.
In an earlier interview with Global Times in April, Airbus CEO Guillaume Faury said that COMAC has brought new competition to the market. "We have great respect for any competitor in the market," he said.
The C919's first commercial flight means that China's extraordinary aviation capabilities have started to accept the challenges of the market, Qi Qi, an independent market watcher, told the Global Times on Sunday.
With the accumulation of flight hours, there will be more confidence in potential orders and among customers, as well as more growth in the entire large aircraft industry chain, Qi remarked.
A market forecast report released by COMAC in 2021 predicted that China's aviation market will receive 9,084 passenger aircraft with more than 50 seats over the next 20 years, with a value of about $1.4 trillion. It is widely believed that a trillion-dollar level aircraft industry chain is gaining momentum with the commercialization of the C919.
As for future flights, Qi said it is still too early to talk about exploring the international market at this stage.
Prior to this, it is necessary to obtain airworthiness certifications from the civil aviation authorities of other countries, and obtaining the type certification from Federal Aviation Administration and European Union Aviation Safety Agency will be an important indicator of how the C919 will explore the international market, Qi said.
It has been predicted that the C919 will still face many difficulties amid a changing international political backdrop, and the difficulties may be even greater than expected. As a strategic project of China's national aviation industry, the goal of the C919 will not waver, Wang said. China will mobilize and pool all its scientific research and industrial resources to push this project to a successful end.
"For a developing country like China, which is under enormous development pressure, we have no other choice but to face up to the difficulties," Wang noted.
