Malaysians now looking for a new narrative of diversity and inclusiveness, not just Malay unity
No easy battle ahead for Pejuang
IT looks certain that Tun Dr Mahathir Mohamad (pic), who now heads the Pejuang party, will defend his Langkawi parliamentary seat in the impending general election.
The former prime minister, who turns 98 next year, does not have much choice as he is the only candidate from his party who has a realistic chance of winning.
Although he has announced that his newly-formed movement Gerakan Tanah Air (GTA), led by Pejuang, will be contesting in 120 seats, he should not be too ambitious.
In the Johor state election in March, all 42 Pejuang candidates lost their deposits.
In GE15, the field is expected to be crowded with Opposition parties, which will not be helpful to his coalition of Muslim-Malay political parties and non-governmental organisations.
Most of the coalition leaders are has-beens and unknowns while even the electorate still has no idea what Pejuang – or the coalition – really stands for.
That, however, has not stopped Dr Mahathir, who was twice PM, from saying he “would reluctantly accept the responsibility of leading the government for a third time if needed”.
The Malay Mail reported him as saying at a GTA forum at the Bangi Convention Centre last week that “he would prefer a less taxing role, one that would allow him to advise or be an expert consultant to the prime minister”. But he was quick to add: “If the insistence were to be incessant, I would find it hard to only think about myself.”
“So, if the insistence is there, I will accept,” he said when asked about his willingness to assume the mantle for a third time.
“However, it cannot be for the full term,” he told the audience in Bangi. “Maybe just for a year.”
With due respect to Dr Mahathir, a seasoned political player, he may have been trying to boost the confidence of his audience ahead of the polls.
Heading a fledgling political party and a hurriedly put-up coalition, Dr Mahathir would surely want to instil hope and belief that victory is possible and that he can become a PM for a record third time.
Dr Mahathir may be good at setting records, but it would not be wrong to suggest that most Malaysians do not share his enthusiasm. In fact, we are quite horrified at the thought.
His political detractors, especially those in Umno, would want him stopped as Pejuang’s entry could split the Malay voters.
The same sentiment is shared by Perikatan Nasional led by Tan Sri Muhyiddin Yassin.
While Dr Mahathir’s coalition talks of uniting the Malays and Muslims, the other two similar coalitions think it will be the other way around.
He has no friends in the Opposition either. Prior to his resignation as prime minister in 2020, Dr Mahathir had been meant to pass the post to PKR president Datuk Seri Anwar Ibrahim, but he never did so, claiming there was no formal agreement setting a deadline for him to do so.
Dr Mahathir is still respected by non-Malays for his two decades as PM but that admiration took a huge dent after the collapse of the 22-month old Pakatan Harapan government. He has been blamed for the downfall as he quit as PM.
Worse, his occasional racist remarks have alienated many non-Malays.
While 60% of the country’s population are Malays, non-Malays find such narratives of race and religion outdated and reflecting poorly on political leadership.
Political leaders around the world have become younger – many are even in their 30s and 40s – and voters are looking for new ideas and a better Malaysia.
But Dr Mahathir still talked of race, saying at the Bangi convention that “he only wished to see his vision for the Malay community come to pass under a caring and trustworthy government”.
At 97, it is very hard for Dr Mahathir to change his beliefs.
His legacy is already ruined, but he can earn a last round of respect if he talks of bringing Malaysians together.
It is unfortunate that as the nation celebrates 65 years of independence, our political leaders still want to harp on Muslims and Malays as if other Malaysians, including the large non-Muslim bumiputra population in Sabah and Sarawak, do not exist at all.
The Chinese population may be declining but it remains an important 25% and playing a crucial role in Malaysia’s economy. The same goes for the Indians.
Prime Minister Datuk Seri Ismail Sabri Yaakob’s “Keluarga Malaysia” campaign may be seen by some as mere political rhetoric, but it resonates with the call for diversity and inclusiveness.
Dr Mahathir’s problem is that he cannot let go. In March, he “confirmed” that he would not defend Langkawi due to health reasons but in June, he changed his mind, saying he “may” defend his seat if no suitable candidate is found.
Now, it is almost sure he will be a candidate.
Dr Mahathir deserves a rest from politics. He was discharged from hospital early this month after a bout of Covid-19 and in February, he had to undergo a procedure for a heart problem.
Seriously, he needs to know when to exit the stage. No one is indispensable and there is nothing worse than old scripts and sequels. It really turns off the audience.
THE Kongres Maruah Melayu, or Malay Dignity Congress, held in a stadium near Kuala Lumpur on Oct 6 raised a furore among Malaysians. Organised by four public universities – including Universiti Malaya, the nation’s premier institution of higher learning – the congress was attended by about 5,000 people, mostly students but also leading politicians from Umno and PAS.
Rather than a forum to discuss issues faced by Malays and ways to overcome them, the congress has been widely condemned as a racist gathering. In his speech, Zainal Kling, the chief convener of the conference, declared that Malaysia belonged to Malays and reminded other races of their “social contract” with Malays, claiming it was the basis for granting them citizenship rights which could be revoked if they breached the agreement (bit.ly/dignity_congress).
https://www.freemalaysiatoday.com/category/nation/2019/10/06/malaysia-belongs-to-malays-shah-alam-congress-warns-ahead-of-dr-ms-speech/
Prime Minister Tun Dr Mahathir Mohamad aroused public ire by attending the conference; critics saw his decision to participate as a betrayal of the ideals of the reformist Pakatan Harapan coalition which toppled the previous Barisan government in a shock landslide victory at the polls last year.
Dr Mahathir made his mark as a champion of Malay rights early on. In The Malay Dilemma published in 1970, he argued passionately that due to hereditary and geographical factors, the Malays could not keep pace with Chinese immigrants and advocated special rights for the Malays. He became the chief architect of Dasar Ekonomi Baru, or the New Economic Policy (NEP), which was unveiled in 1972 for a term of 20 years and was designed to accelerate the development of the Malay majority (comprising circa 60% of the population of 32 million now) through affirmative action.
The NEP failed to achieve its stated goals, and Dr Mahathir stepped down as PM in 2003, but after 20 years in place, NEP privileges came to be seen as entitlement and could not be dismantled. Meanwhile, the Malaysian economy trails behind smaller Asian territories with fewer natural resources such as South Korea, Taiwan or even Singapore (2018 GDP).
In his 50-minute speech at the dignity conference, Dr Mahathir pointed out that the NEP failed “because the effort by the Malays was less than expected or hoped” and warned that “as long as we do not change our lifestyle, as long as we are unwilling to strive to face challenges at work, we will be left behind”. He said, “Our dignity depends on our achievement, not on government aid. If we are capable of making good products and creating wealth, no one will look down upon us.
“I believe that the Malay people have the capability but there is a difference between capability and willingness to work. They can do it but don’t want to do it, ” he chided. “We can build our dignity with our achievements in all fields, ” he declared. “Otherwise there will be another 10 dignity conferences and nothing will change.
“What I am saying may be hard to accept... but this is the truth of what has happened and this is what will be inherited by the young generation of which there are many in this auditorium today.” (Video at bit.ly/dignity_video.)
Dignity comes from doing and not just asking, Dr M tells Malay congress
https://youtu.be/tdIXzkuZQm8
But his words fell on deaf ears and resolutions passed at the conference made no reference to his pleas. There were calls instead for key government positions including the prime minister, deputy prime minister, finance, education, defence and home ministries and the attorney general to be reserved for Malay Muslims only. Another resolution called for the abolition of vernacular (Tamil and Chinese medium) schools. (“Resolutions on five areas presented at Malay Dignity Congress, but PM says not all will be met”, The Star, Oct 6; online at bit.ly/star_dignity.)
At 94, Mahathir has little need to make polite speeches to cling to power. Time is not on his side. He loves his people and deserves praise for his tireless efforts to change them but he forewarned in The Malay Dilemma that because politics created for the Malays a soft environment which removed all challenge to their survival and progress, “political power might ultimately prove their complete downfall”. No other Malay leader has shown equal foresight.
To a significant degree, the previous government fell because of a massive corruption scandal involving the theft of billions of dollars by then prime minister Datuk Seri Najib Razak. But, partly through a lack of administrative experience and partly due to foot-dragging by civil servants loyal to the previous government (which had been in power for 61 years), the current Pakatan Harapan coalition has failed to deliver on much of its reform agenda and is far from certain to win the next general election.
Malaysia has often been held up as a model Muslim-majority country but in a society where it is all too easy to play the race and religion card, the economy will not realise its full potential and the political future of minorities will remain at risk.
THE Kongres Maruah Melayu, or Malay Dignity Congress, held in a stadium near Kuala Lumpur on Oct 6 raised a furore among Malaysians. Organised by four public universities – including Universiti Malaya, the nation’s premier institution of higher learning – the congress was attended by about 5,000 people, mostly students but also leading politicians from Umno and PAS.
Rather than a forum to discuss issues faced by Malays and ways to overcome them, the congress has been widely condemned as a racist gathering. In his speech, Zainal Kling, the chief convener of the conference, declared that Malaysia belonged to Malays and reminded other races of their “social contract” with Malays, claiming it was the basis for granting them citizenship rights which could be revoked if they breached the agreement (bit.ly/dignity_congress). https://www.freemalaysiatoday.com/category/nation/2019/10/06/malaysia-belongs-to-malays-shah-alam-congress-warns-ahead-of-dr-ms-speech/
Prime Minister Tun Dr Mahathir Mohamad aroused public ire by attending the conference; critics saw his decision to participate as a betrayal of the ideals of the reformist Pakatan Harapan coalition which toppled the previous Barisan government in a shock landslide victory at the polls last year.
Dr Mahathir made his mark as a champion of Malay rights early on. In The Malay Dilemma published in 1970, he argued passionately that due to hereditary and geographical factors, the Malays could not keep pace with Chinese immigrants and advocated special rights for the Malays. He became the chief architect of Dasar Ekonomi Baru, or the New Economic Policy (NEP), which was unveiled in 1972 for a term of 20 years and was designed to accelerate the development of the Malay majority (comprising circa 60% of the population of 32 million now) through affirmative action.
The NEP failed to achieve its stated goals, and Dr Mahathir stepped down as PM in 2003, but after 20 years in place, NEP privileges came to be seen as entitlement and could not be dismantled. Meanwhile, the Malaysian economy trails behind smaller Asian territories with fewer natural resources such as South Korea, Taiwan or even Singapore (2018 GDP).
In his 50-minute speech at the dignity conference, Dr Mahathir pointed out that the NEP failed “because the effort by the Malays was less than expected or hoped” and warned that “as long as we do not change our lifestyle, as long as we are unwilling to strive to face challenges at work, we will be left behind”. He said, “Our dignity depends on our achievement, not on government aid. If we are capable of making good products and creating wealth, no one will look down upon us.
“I believe that the Malay people have the capability but there is a difference between capability and willingness to work. They can do it but don’t want to do it, ” he chided. “We can build our dignity with our achievements in all fields, ” he declared. “Otherwise there will be another 10 dignity conferences and nothing will change.
“What I am saying may be hard to accept... but this is the truth of what has happened and this is what will be inherited by the young generation of which there are many in this auditorium today.” (Video at bit.ly/dignity_video.)
Dignity comes from doing and not just asking, Dr M tells Malay congress
https://youtu.be/tdIXzkuZQm8
But his words fell on deaf ears and resolutions passed at the conference made no reference to his pleas. There were calls instead for key government positions including the prime minister, deputy prime minister, finance, education, defence and home ministries and the attorney general to be reserved for Malay Muslims only. Another resolution called for the abolition of vernacular (Tamil and Chinese medium) schools. (“Resolutions on five areas presented at Malay Dignity Congress, but PM says not all will be met”, The Star, Oct 6; online at bit.ly/star_dignity.)
At 94, Mahathir has little need to make polite speeches to cling to power. Time is not on his side. He loves his people and deserves praise for his tireless efforts to change them but he forewarned in The Malay Dilemma that because politics created for the Malays a soft environment which removed all challenge to their survival and progress, “political power might ultimately prove their complete downfall”. No other Malay leader has shown equal foresight.
To a significant degree, the previous government fell because of a massive corruption scandal involving the theft of billions of dollars by then prime minister Datuk Seri Najib Razak. But, partly through a lack of administrative experience and partly due to foot-dragging by civil servants loyal to the previous government (which had been in power for 61 years), the current Pakatan Harapan coalition has failed to deliver on much of its reform agenda and is far from certain to win the next general election.
Malaysia has often been held up as a model Muslim-majority country but in a society where it is all too easy to play the race and religion card, the economy will not realise its full potential and the political future of minorities will remain at risk.
Centre of attraction: China’s President Xi
Jinping greeting Dr Mahathir as he leaves with Russian President
Vladimir Putin after the opening ceremony of the Second Belt and Road
Forum in Beijing, China.
Dr M endorses the BRI - ‘Many countries are going to benefit from initiative’
With help from Chinese firms, Malaysia will have an AI park soon. That’s not all the good news that came from the Prime Minister’s trip to China. Businessmen are pleased that Tun Dr Mahathir Mohamad has given the thumbs up to the Belt and Road Initiative. He says countries in its route will be the beneficiaries. And that means Malaysia too. WITH all of China as his stage, Tun Dr Mahathir Mohamad gave a massive endorsement to the country’s Belt and Road Initiative (BRI), saying all will benefit from the ease of travel and communication the development strategy will bring.
The Prime Minister said that with trade driving the world, it was only natural that land and sea passages be better developed.
“The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies the passage can be improved.
“Without a doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West. I am fully in support of the Belt and Road Initiative. I am sure my country, Malaysia, will benefit from the project,” he said in his speech at the High-Level Meeting of the Second Belt and Road Forum for International Cooperation held at the China National Convention Centre here yesterday.
The forum attracted over 5,000 participants from 150 countries including leaders from around the world, such as Russian President Vladimir Putin, President Rodrigo Duterte (Philippine), President Abdel-Fattah al-Sisi (Egypt) and Prime Minister Nguyen Xuan Phuc.
The BRI, also known as the One Belt One Road (OBOR) or the Silk Road Economic Belt and the 21st-century Maritime Silk Road, is a strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organisations in Europe, Asia, Middle East, Latin America and Africa.
Dr Mahathir said just as massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also “respond” to the increased trade between East and West. He also suggested that bigger trains be built for the purpose.
“If ships can be built bigger, why can’t trains be equally big to carry more goods and raw material and people? Have we reached the limit in terms of the size and length of trains? I think not,” he pointed out.
Dr Mahathir, who is on his second visit to China since becoming the 7th Prime Minister last May, said the world has the technology and funds to bring about such improvements.
He said freedom of passage along these routes was important and warned against bureaucratic hassles slowing down the speed of travel.
“It is essential therefore for these passages to be free and open to all,” he said, adding that the passages must be made safe as terrorism and wars would render the modern marvels and also delivering the benefits promised.
“Yes, the Belt and Road idea is a great. It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.
“As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.
Dr M in Beijing: Everyone will benefit from Belt and Road initiative
PETALING JAYA: Prime Minister Tun Dr Mahathir Mohamad has endorsed the Belt and Road initiative by China, saying everyone would benefit from the ease of travel and communication that it would bring about.
He said this in his speech at the Belt and Road Forum for International Cooperation in Beijing on Friday (April 26).
"Today, trade drives the world. It is only natural that the land and sea passages have to be better developed.
"The Silk Road, the land passage between East and West, has not received much attention. Yet it must be obvious that with modern technologies, the passage can be improved.
"Without doubt, the utilisation of these passages will enrich all the littoral states along the way, as much as the great nations of the East and West," said Dr Mahathir..
According to the Prime Minister, just as the massive trade by ships helped spawn the development of huge bulk carriers, the land passage should also respond to the need from the increased trade between East and West.
He suggested that bigger trains be built towards this end.
"Although trains can now connect China with Eastern Europe, current trains are not designed for the increases in goods and people needing to travel along this passageway.
If ships can be built bigger, why can't trains be equally big to carry more goods and raw materials and people?
"Have we reached the limit in terms of the size and length of trains? I think not," he added.
The Prime Minister said the world had the technology and money to bring about such improvements.
He said freedom of passage along these routes, which pass through many countries via both sea and land, was important and warned against bureaucratic hassles slowing down the speed of travel.
"It is essential therefore for these passages to be free and open to all," said Dr Mahathir.
He added that the passages must be made safe as terrorism and wars would render the modern marvels that enabled the Belt and Road incapable of delivering the benefits they promised.
"Yes, the Belt and Road idea is great.
"It can bring the landlocked countries of Central Asia closer to the sea. They can grow in wealth and their poverty reduced.
"As the sea routes and land routes improve, trade and travel will grow, and with this, the wealth of the world will increase for the betterment of everyone.
"Everyone will benefit from the ease of travel and communication that the development of the Belt and Road project will bring.
"I am fully in support of the Belt and Road initiative. I am sure my country, Malaysia, will benefit from the project," said Dr Mahathir.
PM’s BRI backing allays fears over KL-Beijing ties
KUALA LUMPUR: Tun Dr Mahathir Mohamad’s full endorsement of China’s Belt and Road Initiative (BRI) will allay concerns over Malaysia-China relations and lead to greater cooperation between both countries, according to China watchers here.
RHB Research Institute Sdn Bhd vice-president and head of Economic Research Peck Boon Soon said Malaysia was trying to mend its relations with China.
“It is safe to conclude that relations between our two countries are back to normal,” he said, referring to the suspension and cancellation of several China-linked projects last year.
Peck said the revival of East Coast Rail Link (ECRL) and Bandar Malaysia projects and the Prime Minister’s presence at the Second Belt and Road Forum for International Cooperation in Beijing yesterday would help restore confidence among businessmen from China.
He said it made perfect sense to have warm ties with China as the country was the largest export market for Malaysia.
ACCIM SERC Sdn Bhd executive director Lee Heng Guie said Malaysia’s expressed support of the BRI opened up mutual consultation, increased cooperation and connectivity benefits between both sides.
“With this strong endorsement, we expect the relationship to further deepen bilateral ties and enhanced economic relations based on the principles of mutual benefit,” he said.
Lee said Malaysia and its private sector could gain from the enlarged trade and investment opportunities along the passage and gateway of BRI, if the countries could adopt the freedom of passage along these routes through the easing of bureaucratic hassles.
National Chamber of Commerce and Industry of Malaysia president Tan Sri Ter Leong Yap, who attended the Belt and Road CEO conference which was the first such conference at the forum, said the conference provided huge business opportunities for many companies in the region.
“This is a timely boost for the global economy,” he said, adding that there were nearly 1,000 participants from 90 of the world’s Top 500 companies, 78 of China’s Top 500 companies, more than 100 state-owned enterprises and 200 private companies at the conference.
Businessman Datuk Liu Thim Soon, who is vice-chairman to the United Nations Maritime-Continental Silk Road Cities Alliance, said the BRI was a visionary, long range direction by Chinese President Xi Jinping. “It is an enabler and platform for many developing smaller countries to be linked to investments, trade and tourism.
“With about 140 million China tourists travelling yearly, smaller developing countries can benefit and derive great economic potential if they can tap into this market,” he said. - By Yimie Yong
Who should you believe about BRI?
https://youtu.be/uK3-dhLp2yU
Deal inked to develop M’sia’s first AI park
MALAYSIA is to develop its first artificial intelligence (AI) park.
The park will serve as a platform for the development of AI solutions such as speech recognition, robotics and smart city technology.
It is also planned to be a regional epicentre for data management, research and development and commercial ecosystem.
An agreement was signed yesterday between Malaysian company G3 Global Bhd (G3) and its Chinese partners SenseTime Group Ltd and China Harbour Engineering Co Ltd (CHEC) on the setting up of the AI park, with the total investment at US$500mil (RM2.07bil).
The location of the park has yet to be identified.
The agreement was signed between G3 executive chairman Wan Khalik Wan Muhammad, SenseTime president for Asia-Pacific Business Group Jeff Shi, and CHEC chairman Lin Yi Chong.
The ceremony was held after Tun Dr Mahathir Mohamad’s visit to SenseTime’s office here.
The Prime Minister also tried his hands on the self-driving car system at the company, which specialises in AI technology. G3 Global banks on AI
Driven by technology: SenseTime Group Ltd
founder Prof Tang Xiaoou with Dr Mahathir during the premier’s visit to
SenseTime’s Beijing office.
From jeanswear maker to one of Malaysia’s rising artificial intelligence (AI) companies. That is the interesting story ofG3 Global Bhd
that is unravelling today.
While many companies can attempt to boast the AI buzzword as a business focus, it is not an easy area to venture into.
First you need super computers. Then you need the AI software or algorithms.
And then you need to use that software on vast amounts of data in order to build the AI applications for real use.
While G3 Global may have made some inroads into building its own Internet of Things (IoT) platform, it has yet to achieve anything big by itself in the AI space. That was until it signed a deal with China-based SenseTime Group Ltd, touted as the world’s most valuable AI startup.
On April 11, G3 Global told Bursa Malaysia that it will partner with SenseTime to set up Malaysia’s first AI park, in collaboration with China Harbour Engineering Company Ltd (CHEC).
The AI park is expected to see more than US$1bil (RM4.13bil) in investments over the next five years.
According to G3 Global executive chairman Wan Khalik Wan Muhammad, the AI park is vital in order to build AI research-related public service infrastructure as the base to promote AI technology in Malaysia.
“In addition, this becomes a place for talent to be trained on AI and machine learning,” he said.
On Friday, the culmination of the relationship between G3 Global and SenseTime took place, following Prime Minister Tun Dr Mahathir Mohamad’s ongoing official visit to China.
Dr Mahathir, accompanied by several Malaysian ministers, visited SenseTime’s Beijing office where they got a first-hand experience of the latest AI technologies and its application in smart city solutions, autonomous driving technology and remote sensing, among others.
During this visit, G3 Global had inked memorandums of understanding (MoU) with SenseTime and CHEC in relation to the AI park project.
G3 Global said in a statement that as the local partner, it will coordinate efforts with the Malaysian authorities and regulators, form local partnerships as well as promote and develop the AI park project.
Meanwhile, SenseTime will serve as the AI technology provider for the partnership while CHEC will provide infrastructure engineering and construction services as well as management and maintenance of the park.
Valued at over US$4.5bil (RM18.67bil), SenseTime is the fifth national AI platform in China and is also the country’s largest AI algorithm provider.
Although it is only less than five years old, the company now serves over 700 customers and partners globally, including the Massachusetts Institute of Technology, Qualcomm, NVIDIA, Honda, Alibaba, vivo and Xiaomi, among others.
Based on SenseTime’s website, the startup leads the AI market in “almost all vertical industries” such as smart city, smartphone, mobile Internet, online entertainment, automobile, finance and retail.
“SenseTime has independently developed a deep learning platform, supercomputing centers, and a range of AI technologies such as face recognition, image recognition, object recognition, text recognition, medical image analysis, video analysis, autonomous driving and remote sensing,” it says.
According to a recent Bloomberg report, SenseTime has been profitable for two years and the company has recorded triple digit revenue growth for the past four years.
The collaboration between G3 Global and SenseTime aptly serves what both companies need. By setting up an AI park in Malaysia, SenseTime will be able to expand its global presence further while G3 Global gets to go big into the booming AI scene.
Overall, the AI hub in Malaysia is a nice sounding plan. But how real will it be and how extensive will it be?
Speaking with StarBizWeek over the telephone, Wan Khalik says that the move into AI has been a natural progression of the company.
“With IoT as our core business, the only logical next move was to get into the field of AI. We had been in search for a good partner to fast-track out entry into AI, which has a high entry barrier.
“That’s how we got to do a deal with Sensetime, which took much effort on our part, considering how successful Sensetime already is,” he says.
Perfect partner
Wan Khalik: With IoT as our core business, the only logical next move was to get into the field of AI
Wan Khalik adds that SenseTime is the perfect partner, considering that they are one of the biggest AI companies in the world and have their own AI algorithm as well as products and services.
“Their products are already deployed in the commercial world,” he points out.
While acknowledging that AI is still nascent in its growth in Malaysia and still suffers from a lack of understanding and appreciation, Wan Khalik points out two important aspects that the deal with Sensetime will bring about.
“First is that the lab will become an education tool to showcase what AI is all about and the benefits it brings. Second is the fact that we intend to address the issue of developing talent in Malaysia in the AI space.”
In the press release announcing the strategic partnership between G3 and SenseTime, it was revealed that SenseTime will be assisting in the development and deployment of training syllabus for universities in Malaysia.
Wan Khalik says that SenseTime has designed and developed part of the AI syllabus that is currently being taught in schools across China.
“The good news is that the Malaysian government has expressed strong interest in AI and it wants industry to get involved in AI. But we need to invest in buidling up the talent in this field,” he adds.
The little-known G3 Global’s journey is an impressive one.
Its diversification into the information technology scene began less than four years ago after G3 Global (formerly known as Yen Global Bhd) acquired IoT solution provider Atilze Digital Sdn Bhd in December 2015.
Green Packet Bhd, image: https://cdn.thestar.com.my/Themes/img/chart.png
, a mobile broadband and networking solutions provider, emerged as a major shareholder in G3 Global after it acquired a 22% stake in August 2016.
A year later, Green Packet boosted its equity interest in G3 Global to 32%.
The G3 Global stock’s trend has been rather flattish since mid-2017. However, since the start of April this year, shares of G3 Global surged by 106% to its record-breaking high of RM1.62.
On April 25, the company hit limit-up and was issued with an unusual market activity query from Bursa Malaysia, in relation to the rapid advances in its share price.
While the reasons behind the sharp increase in G3 Global’s share price were unclear, it seems to have some correlation with G3 Global’s partnership with SenseTime.
G3 Global also saw the entry of Wan Khalik as shareholder, after he assumed control of private vehicle Global Man Capital Sdn Bhd, which currently has the largest stake in G3.
Global Man Capital increased its holdings of G3 Global to a 32.04% stake following an acquisition of 32.15 million shares in April, edging out Green Packet’s 32% stake.
On April 5, G3 Global appointed Wan Khalik as its new executive chairman.
Wan Khalik, who is also a substantial shareholder in DWL Resources Bhd, has some notable Sarawak connections, having been the principal private secretary to the Sarawak State government between 2013 until July 2018.
Wan Khalik’s background also includes experiences in corporate planning, public administration, IT strategic planning, and business development.
When asked on why did he pick DWL and G3 Global as companies to invest into, he says, “For DWL we see opportunities in project management of jobs of major infrastructure projects that the country is embarking on. That is why we have teamed up with the likes of Gadang to prepare to jointly bid for such jobs. As for G3 Global, it is even more interesting because of the future of AI. As you probably already know, AI is the world’s next great technological revolution. It is changing the way information is gathered, stored and used. We will not be able to do without it, whether as individuals, organisations, companies and governments. We believe our deal with Sensetime puts G3 Global on solid footing to bring AI to Malaysia and the Asian market.”
G3 Global recorded a net loss of RM17.15mil in the financial year of 2018 ended Dec 31, against a turnover of RM29.4mil. Both of its apparel and ICT business segments were in the red for the 12-month period.
“The ICT business continues to show growth potential despite incurring losses due to business development costs and we hope to see better contribution to sales from this division in the new financial year.
“The setting up of various new subsidiaries will drive the growth in the ICT business including the provision of IoT solutions and services like connected commercial vehicles and sensor hubs, and AI smart cameras. The group will be well positioned to take advantage of improving prospects of the ICT industry for the current financial year,” G3 Global said in a filing.
Moving forward, with the AI venture with SenseTime, the company is clearly on a new trajectory, especially considering the way AI is going to flood all our lives.
According to a recent study by Microsoft and IDC Asia Pacific, only 26% of organisations in Malaysia have embarked on their AI journeys, although about 70% of the business leaders polled agreed that AI is instrumental for their organisations’ competitiveness.
The immense untapped potential in the domestic AI market offers promising opportunities for local AI companies, including G3 Global.
With a strong backing from SenseTime, G3 Global could rise to become a leading AI solutions provider in the region.
Asia News Network 
