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[k1976]

Malaysia to tighten semiconductor regulations under US pressure: Report​

Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken on Feb 25, 2022. (Image: Reuters/Florence Lo)
24 Mar 2025 11:24AM (Updated: 24 Mar 2025 11:37AM)
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FAST
Malaysia plans to tighten regulations on semiconductors as it comes under United States pressure to staunch the flow of chips to China crucial to the development of artificial intelligence (AI), the Financial Times reported on Sunday (Mar 23).

Trade Minister Zafrul Aziz said that the US government was demanding Malaysia closely track the movement of high-end Nvidia chips that enter the country over suspicions that many are ending up in China, according to the report.

 

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YouTube report a curious stories 3 days ago

 

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The US is) asking us to make sure that we monitor every shipment that comes to Malaysia when it involves Nvidia chips,” Aziz told the newspaper.

"They want us to make sure that servers end up in the data centres that they're supposed to and not suddenly move to another ship."

Nvidia did not immediately respond to a Reuters request for comment.

The US is investigating if DeepSeek, whose AI model's performance rocked the tech world in January, has been using banned US chips.

Malaysia is currently investigating if local laws were breached in the shipment of servers linked to a Singapore fraud case, as they may have contained advanced chips subject to US export controls.

Singapore prosecutors told a court earlier in March that the case in which Singapore-based firms have been accused of fraudulently supplying US servers to Malaysia involves transactions worth US$390 million.

Singapore media have linked the case to the possible transfer of Nvidia's artificial intelligence chips to Chinese artificial intelligence firm DeepSeek.

 

[k1976]

Malaysia central bank sees significant growth hurdles ahead​

Bloomberg
Mon, 24 March 2025 at 4:19 PM SGT4-min read

Bank Negara Malaysia Governor Abdul Rasheed Ghaffour expects an increasingly challenging external environment in 2025. (Photographer: Samsul Said/Bloomberg)
By Anisah Shukry

(Bloomberg) – Malaysia’s central bank said growth risks loom large in its monetary policy considerations, as brewing global trade disputes and geopolitical tensions threaten exports.

Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said he expects an increasingly challenging external environment in 2025, even as he reaffirmed the government’s annual growth forecast of 4.5% to 5.5%. He’s counting on domestic sources of growth and a diversified export structure to help the economy withstand the challenges, after a 5.1% expansion last year.

 

[k1976]

Economic crime is draining Malaysia of billions​

By Dr. Akhbar Satar
March 23, 2025 @ 11:10pm

In the latest Corruption Perception Index released by Transparency International, Malay-sia’s score remained unchanged at 50 out of 100 (100 is defined as very clean and 0 highly corrupt). PIC CREDIT TO www.transparency.org

 

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The Malaysian Anti-Corruption Commission (MACC) said that between 2018 and 2023, Malaysia lost RM277 billion to corruption.

This translates to about RM55 billion per year, or RM1,608 for every Malaysian.


In the latest Corruption Perception Index released by Transparency International, Malay-sia's score remained unchanged at 50 out of 100 (100 is defined as very clean and 0 highly corrupt).

Malaysia ranked 57th out of 180 countries surveyed in the 2024 results.

 

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Apart from corruption, another contributor to economic crime in Malaysia is the shadow economy.

Also known as the underground economy, it is a significant cause of tax losses, which are estimated to be as high as 30.2 per cent of GDP.

Examples of shadow economy activities include smuggling of weapons, tobacco and drugs; prostitution; tax evasion; illegal and online gambling; passport fraud; and human trafficking.

The shadow economy also encompasses unregistered formal sectors and unreported income from the production of legal goods and services, such as unlicensed businesses, freelancers, part-time workers and the cash economy.

This includes the substantial income from informal work that is generated by those who have permanent employment.

In some cases, this informal income can be larger than their permanent income.

The United Nations Office on Drugs and Crime estimates that between two and five per cent of global GDP, or about US$800 billion to US$2 trillion, is laundered each year.

 

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Based on these figures, we can estimate that Malaysia's economic cost of money laundering is about RM55 billion per year.

Money-changers are the ideal conduit for money laundering as they deal in cash.

Businesses with minimal activities, such as restaurants, launderette, hair salons and car wash, act as front companies for these illegal operations.

Bukit Aman's Commercial Crime Investigation Department said there were 41,701 commercial crime cases last year involving more than RM3 billion in losses.