Bi-Weekly News Update: January 1 to 11, 2024

AOT lays out a plan for achieving net-zero carbon emissions; TNG digital expands its services; Duolingo cuts 10% of contractors; Advancecon and Perak State to develop Silver Valley; Excise plans to implement new green tax policies; Thai Commerce Ministry aiming to sign 3 FTAs in 2024; Malaysia is developing an ethics code and governance for AI; Meta Bright to install solar PV system; Malaysia's PMI likely to remain below the pivotal 50-point threshold; Sunview, Saudi's firm focuses on RE investments in different countries; Ground-breaking US$175 million green financing for RHB Islamic; Kinergy Advancement leads in the RE space; Penang’s technology startup ecosystem receives recognition

AOT lays out a plan for achieving net-zero carbon emissions in aviation industry
AOT制定了一項在航空業實現淨零碳排放的計劃

Airports of Thailand (AOT) has laid out its strategy to reach its goals of carbon neutrality by 2030 and net zero carbon emissions by 2032. The AOT, which runs the country’s six main airports, plans to reduce 50% of its 300,000 tons of annual carbon emissions within the first four years.

The AOT intends to replace cars with internal combustion engines with electric vehicles in accordance with the plan. The agency hopes to convert 1,180 of the 3,710 rental cars into electric vehicles in 2024, 760 in 2025, 1,170 in 2026, and 600 in 2027. Additionally, the AOT intends to replace 3,400 vehicles that assist airport operations in addition to more than 4,000 taxis and limousines with electric vehicles.

This might contribute to an annual fuel consumption decrease of up to 10 million litres, or 28,360 tons less carbon dioxide. This would also lessen air pollution at airports.

https://www.nationthailand.com/business/corporate/40034369

小編點評:報告展現了泰國機場管理局(AOT)對航空業永續發展的承諾和決心。 AOT已製定一項全面計劃,力爭在2030年實現碳中和,並在2032年實現淨零碳排放。

TNG digital expands its services to facilitate hassle-free cross-border remittances to 50+ countries
TNG Digital 擴大其服務範圍,為 50 多個國家的跨國匯款提供便利服務。

Through its Touch ‘n Go eWallet, TNG Digital has extended the scope of its services to include cross border payments to more than 50 countries. The company said that the reason for the expansion to more than 50 nations was the high demand from users for more international options. The service was first launched in May 2023 and was initially available in 10 countries.

TNG Digital claims to offer GOremit, a quick, safe, and practical way for anyone to send money overseas at any time, from any location. In addition to transferring money to recipients’ bank accounts or for cash pick-up, users can also—and this is more convenient—transfer money to their preferred eWallet in the destination country.

Touch ‘n Go eWallet facilitates hassle-free cross-border remittances to 50+ countries beyond Malaysia | Digital News Asia

此新聞反映了馬來西亞金融服務業正在經歷的轉型和數位化。 TNG Digital決定拓展服務範圍,源自於使用者對更多國際匯款服務的強烈需求。 TNG Digital的GOremit服務於2023年5月推出,初期涵蓋10個國家,提供用戶便利、安全、實用的海外匯款解決方案。

Duolingo cuts 10% of contractors as it employs more AI to generate app content
多鄰國裁減了10%的合約工,因為它更多地採用人工智慧來產生應用程式內容。

Ten percent of the contract translators at the well-known language learning app Duolingo were laid off as a result of a recent restructuring phase. Media sources have commented on this calculated move, which fits in with the company’s growing dependence on generative AI for content development and curation.

Duolingo’s global head of communications, Sam Dalsimer, emphasized the complex role AI plays in the business. Dalsimer said, highlighting the diverse applications of AI in Duolingo that AI isn’t the only factor in contract labor decline and the company employs AI for a variety of jobs and functions.  

Dalsimer reassured that despite the integration of AI, contract and staff workers still have crucial responsibilities in validating and improving the validity of AI-generated outputs. Furthermore, Duolingo has been aggressively looking for other positions for the impacted contractors.

https://www.businesstoday.in/technology/news/story/popular-language-learning-app-duolingo-lays-off-10-of-contract-translators-as-firm-embraces-ai-412548-2024-01-10

Advancecon and Perak State to develop Silver Valley with an investment target of RM14 billion
Advancecon和霹靂州政府將共同開發銀谷項目,投資目標為140億令吉。

With a projected gross development value (GDV) of RM1.03 billion, Perak State Development Corp (PKNPk) and its subsidiary Perak Corp have signed a joint venture agreement to establish Silver Valley Technology Park (SVTP) on the former’s industrial site in Kanthan.

As the joint developer of SVTP, they also welcomed Advancecon Holdings Bhd, a specialist in engineering and earthworks.

To move SVTP forward, Advancecon would be a fantastic sparring partner for Perak Corp, according to PKNPk chief executive Datuk Redza Rafiq Abdul Razak. He stated that they we aim to secure RM14 billion of private investment and hope to contribute to Perak’s GDP in return. 

https://www.nst.com.my/business/2024/01/998731/perak-corp-advanceon-develop-technology-park-over-rm1bil-gdv

小編點評: 這項以技術為重點、投資規模龐大的策略合作,標誌著該地區產業格局的顯著發展。這個一流工業園區的建立被視為催生大量機會的催化劑,可望吸引國內外直接投資。

Excise plans to implement new green tax policies
泰國消費稅計畫實施新的綠色稅收政策

Director-general Ekniti Nitithanprapas of the Excise Department has announced plans to implement four tax measures aimed at improving the environment and society this year. The four measures are: advocating for the use of pure ethanol in the production of bioplastics; supporting the use of certain cars to assist the elderly or disabled; proposing a carbon tax on the energy, transportation, and industrial sectors; and supporting the use of battery electric vehicles (BEVs), including batteries used in other industries like solar cells.

Mr. Ekniti stated that in an effort to support environmental conservation, battery subsidy measures will be made available for systems that recycle spent batteries. 2023 saw 59,835 new BEV registrations in the first ten months, an increase of 675% over the previous year.

https://www.bangkokpost.com/business/general/2720023

小編點評:這些措施旨在促進在生物塑膠生產中使用純乙醇,支持生產專用於老年人或殘疾人的車輛,提議對能源、交通和工業部門徵收碳稅,並推廣電池電動車(BEV)及其在太陽能電池等各個行業的應用。這也有助於提升綠色科技領域的商業機會。

Thai Commerce Ministry aiming to sign 3 FTAs in 2024
泰國商務部計劃在2024年簽署3項自由貿易協定。

The aim of the Thai Commerce Ministry is to sign three free trade agreements by 2024: an improvement to the current ASEAN-Australia-New Zealand trade agreement as well as two new agreements with Sri Lanka and the European Free Trade Association (EFTA).

Chotima Iemsawasdikul, the director general of the Trade Negotiations Department, announced on January 10 that her office has accelerated negotiations in order to conform to the government’s policy, which is led by Prime Minister Srettha Thavisin and aims to expand opportunities and boost competitiveness for Thai businesses.

The department is expecting the Thailand-Sri Lanka Free Trade Agreement to be signed in the first few days of February. After that, the deal will be brought to the parliament for approval, a process that takes about 60 days.

https://en.vietnamplus.vn/thailand-aims-to-sign-three-ftas-in-2024/276083.vnp

小編點評:泰國商務部計劃在2024年簽署三項自由貿易協定(FTA),此舉可望對泰國經濟和貿易關係產生重大影響。這也有助於泰國在全球貿易領域佔據積極地位,促進經濟成長,創造商業機會,並增強國家整體經濟韌性。

Malaysia is developing an ethics code and governance for AI
馬來西亞正在製定人工智慧倫理準則和治理框架。

A set of ethics and governance guidelines for artificial intelligence (AI) is being developed in Malaysia in response to growing demand from AI companies looking to broaden their customer base and penetrate new industries. Industry executives expect the initiative to be completed this year.

The partnership between YTL Power International Bhd and US-based Nvidia Corp to create AI infrastructure and bring the fastest supercomputers to Malaysia by mid-2024 is one noteworthy example of the increased interest in this area.

The statement was made by Prime Minister Datuk Seri Anwar Ibrahim and Nvidia CEO Jensen Huang during a meeting.

https://www.nst.com.my/business/corporate/2024/01/998905/malaysia-coming-ai-governance-and-code-ethics

Meta Bright to install solar PV system for Kemaman Municipal Council

The Kemaman Municipal Council (MPK) in Terengganu has signed a 20-year renewable energy supply agreement with Meta Bright Group Bhd, with the projected installation of a 407.8 kWp solar photovoltaic (PV) system at Kijal Mall.

Mega Bright sent MPK a conditional offer letter to join their solar PV without capital expenditure plan, which MPK accepted on January 1, 2024.

MPK owns Kijal Mall, where Mega Bright will design, build, install, commission, run, and maintain the solar PV system. As part of the initiative, the council decided to pay fixed solar tariff rates of 36 sen per kWh for renewable energy produced by the PV plants at Kijal Mall. The 20-year agreement begins, six months after the PV system is put into service.

https://www.thestar.com.my/business/business-news/2024/01/03/meta-bright-to-install-solar-pv-system-for-kemaman-municipal-council

小編點評:Meta Bright公司為吉馬曼市議會安裝太陽能光電系統,體現了馬來西亞再生能源領域日益增長的商業潛力。隨著政府大力倡導永續發展和環保舉措,清潔能源解決方案正得到顯著推廣。這與馬來西亞減少碳排放、實現環境永續發展的承諾相契合。

Malaysia’s PMI likely to remain below the pivotal 50-point threshold
馬來西亞採購經理人指數(PMI)可能繼續低於關鍵的50點門檻。

Similar to the global manufacturing Purchasing Managers’ Index (PMI), Malaysia’s  is probably going to stay below the crucial 50-point mark in the time to come.

According to Public Investment Bank research (PublicInvest), this is due to the ongoing interaction of existing factors that reflect persistent fragility in external demand.

“We anticipate this trend to persist before potentially bottoming out in the latter part of the first half of 2024 (1H24),” the note stated. In December, Malaysia’s manufacturing PMI remained stable at 47.9.

https://www.nst.com.my/business/corporate/2024/01/996790/malaysias-pmi-remain-below-pivotal-50-point-level-near-term

Editor’s Note: 採購經理人指數(PMI)是反映製造業健康狀況的關鍵經濟指標。 PMI低於50表示製造業萎縮,高於50則表示製造業擴張。對於全球企業而言,馬來西亞PMI低於50可能預示著該國製造業面臨挑戰,需求下降。然而,這種情況可能會隨著政策措施、經濟狀況或需求刺激的出現而改變。

Sunview, Saudi’s firm focuses on RE investments in Middle East, Africa & Asean
沙烏地阿拉伯的Sunview公司專注於中東、非洲和東協的房地產投資。

Sunview Group Bhd is looking into the possibility of partnering with Saudi Arabia’s Vision Ambassadors Company for International Trade Consultancy to make investments in renewable and green energy.

Sunview and Vision Ambassadors signed an MoU on the opportunity today through Fabulous Sunview Sdn Bhd, which is completely owned by Sunview. For prospective projects, Sunview will be solely in charge of EPCC-related activities.

Potential project locations will be jointly identified by the partnership, with both companies serving as the principal investors.

https://www.nst.com.my/business/corporate/2024/01/996621/sunview-saudis-firm-eye-re-investments-middle-east-africa-asean

小編點評:再生能源公司Sunview宣布與Vision Ambassadors達成合作,雙方將共同尋找潛在專案地點,並各自作為主要投資者。此次合作範圍不僅限於馬來西亞,還將拓展至沙烏地阿拉伯、中東、非洲和東南亞等地區,旨在擴大Sunview的業務版圖。

OCBC Al-Amin offers RHB Islamic a ground-breaking US$175 million green financing
華僑銀行Al-Amin向RHB伊斯蘭銀行提供了一項開創性的1.75億美元綠色融資。

RHB Islamic Bank Bhd has been granted a ground-breaking US$175 million (US$1=RM4.60) Islamic green term financing facility by OCBC Al-Amin Bank Bhd, the Islamic banking affiliate of OCBC Bank (Malaysia) Bhd.

According to a joint statement, the facility makes OCBC Al-Amin the first bank in Malaysia to offer a green Islamic foreign currency and bank-to-bank term financing facility.

The facility is also the first in Malaysia’s financial institutions sector to have an innovative Islamic term financing system that uses the use-of-proceeds technique.

In accordance with the sustainable asset framework of RHB Banking Group, RHB Islamic will offer its clients comprehensive financing solutions pertaining to environmental, social, and governance aspects through the utilization of the green Islamic financing facility.

https://www.thestar.com.my/business/business-news/2024/01/02/ocbc-al-amin-rhb-islamic-pioneer-us175mil-islamic-green-term-financing

Kinergy Advancement leads in the RE space
Kinergy Advancement 在再生能源領域處於領先地位

Kinergy Advancement Bhd (KAB), a notable player in the renewable energy (RE) market, is taking a gamble by entering the telecommunication infrastructure sector. This move is motivated by the introduction of 5G technology, which necessitates significant infrastructure development.

Given that 5G towers have a lower coverage radius than 4G towers, executive deputy chairman and group managing director Datuk Lai Keng Onn stated that a denser network of towers is urgently needed.

Besides the telecom infrastructure market, KAB is concentrating on palm oil industry sustainable energy as well.

https://www.nst.com.my/business/corporate/2024/01/996351/kinergy-advancement-pioneers-re-solution

Penang’s technology startup ecosystem receives recognition
檳城科技創業生態系統獲得認可

A significant turning point for Penang’s technology startup ecosystem was announced by Digital Penang, which said it was honored “Outstanding Ecosystem among Medium-Sized Population Cities in Southeast Asia 2023” from StartupBlink. StartupBlink is a prominent startup ecosystem map and research center based in Zürich, Switzerland.

The target that Penang has set for itself is to support 500 technology startups by 2030. By 2023, the state would have nurtured 150 successful businesses in a variety of IT verticals, such as e-commerce, agritech, deeptech, edtech, and finance. Digital Penang, in partnership with strategic partners in Indonesia, has initiated market growth and access programs aimed at strengthening the resilience and sustainability of Penang startups.

https://www.digitalnewsasia.com/digital-economy/penangs-startup-ecosystem-receives-recognition-georgetown-8th-ranked-city-southeast#:~:text=In%20a%20statement%2C%20Digital%20Penang,center%20based%20in%20Z%C3%BCrich%2C%20Switzerland.

小編點評: 這項認可標誌著檳城發展歷程中的一個重要里程碑,彰顯了其致力於培育蓬勃發展的創業環境的決心。檳城的目標是到2030年扶持500家科技新創企業,並力爭2023年在各個IT垂直領域培育出150家成功的企業。檳城數位署(Digital Penang)與印尼的策略合作夥伴攜手,啟動了市場拓展和准入計劃,旨在增強檳城創業社區的韌性和永續發展能力。