00:00 [Music]
00:04 NVIDIA Corp Chief Executive Officer Jensen Huang is expected to make his maiden visit to Malaysia this week.
00:11 Invitations have gone out to the media for a roundtable session with Huang this coming Friday.
00:16 The Taiwanese-American is also founder of the US-based graphics chip giant
00:21 and a bigwig in the world's leading tech hub Silicon Valley.
00:25 Huang was named as one of the 100 most influential people in AI by Time magazine this year.
00:31 NVIDIA provides technologies that power gaming PCs, data centers, AI applications as well as generative AI.
00:39 Back in mid-2023, it became the world's first chip company to breach a $1 trillion market capitalization.
00:47 It is currently unknown as to what the primary purpose of Huang's visit to Malaysia is.
00:53 But it is worth noting that the nation has seen a surge in foreign direct investments
00:58 in the semiconductor space of late.
01:00 This includes from the likes of other US-based chip companies such as Texas Instruments, Micron and Intel.
01:07 Another development worth noting is that in March this year,
01:11 YTL Communications' Yes5G alongside NVIDIA brought NVIDIA's GeForce Now cloud gaming service to Malaysia.
01:19 [Music]
01:24 Unity Government spokesman Fahmy Fazil has reportedly said Putrajaya is determined to
01:31 increase the people's incomes in the second year of its administration next year.
01:36 According to a Burnama report, the Communications and Digital Minister said during Burnama TV's
01:41 Upper Khabar Malaysia program this morning that Putrajaya aims to grow incomes across all sectors,
01:47 backed by the improving and stabilized economic landscape,
01:50 under the leadership of Prime Minister Datuk Sri Anwar Ibrahim.
01:54 He noted that during the first year of its administration, the Unity Government managed
01:59 to strengthen political stability, which is a crucial foundation with no change in government.
02:05 This stability gave the government room to announce various policies such as the Medani Economy,
02:11 the New Industrial Master Plan, the transition to green energy and the White Paper on Progressive
02:16 Wage Policy, as well as raise the salaries of civil servants next year.
02:21 He said that continuing to retain the Unity Government would help improve political stability,
02:27 increase investor confidence and strengthen the local currency.
02:30 [Music]
02:36 The Attorney-General's Chambers has withdrawn its appeal against the acquittal of Tan Sri
02:41 Muhammad Shafi Abdullah on charges of money laundering involving RM9.5 million and making
02:47 false declarations to the Inland Revenue Board. In a press release issued today, Shafi said that
02:52 the Attorney-General had filed a notice of discontinuance and the appeal is deemed to be
02:57 dismissed. The statement read, "The decision of the AG is not only an exercise of discretion
03:03 without fear or favour, but underpins the unimpeachable nature of the High Court decision.
03:09 Where the learned judge found in both fact and law that there was no element of a predicate
03:14 offence to give rise to charges of money laundering, and thus acquitting him of all
03:19 charges without his defence being called, sources from the AGC confirmed the matter with the Edge.
03:25 Shafi had faced four charges for allegedly laundering money received from Datuk Srinajib
03:30 Razak and submitting incorrect tax returns for the financial years ended December 31, 2013
03:37 and December 31, 2014, having omitted the said money from his filings.
03:42 Eco First Consolidated has awarded a RM389 million contract to China State Construction
03:55 Engineering Malaysia for the superstructure works of the RM1 billion service department KL48
04:02 in Chansaolin, Sungai Besi. Eco First Acting Deputy Chief Executive Officer Wilbert Goh said
04:08 this partnership with the Chinese builder marks a significant step towards realising its vision
04:13 for KL48. He said this collaboration is not just a contract, it is a shared vision,
04:20 a fusion of minds and expertise that aims to redefine industry standards. The partnership
04:26 was sealed at a signing ceremony between Eco First and China State Construction Engineering today.
04:32 KL48 sits on 4.18 freehold acres of land and will have 1,700 units with build-ups of 650 square feet
04:41 and 850 square feet. The selling price starts from RM500,000 and the take-up rate since its
04:49 official launch in May stands at 80%. The project has progressed steadily since its groundbreaking
04:55 in 2022 with piling and pile cap works to be completed by this month and basement works by
05:02 February 2024. KL48 is expected to be completed by the second quarter of 2027.
05:09 Proton Holdings recorded a total registration of 12,296 units in November, solidifying its
05:22 number two position among automotive brands in the Malaysian market. The company's year-to-date
05:27 sales stood at 141,900 units as of the end of last month, already surpassing the full year sales
05:35 volume of 141,432 units for 2022. A 12% growth year-on-year brought its market share to 19.7%.
05:45 In a statement today, the national carmaker attributed the success to its diverse and
05:50 innovative model lineup, which includes the new Proton S70 launched last Tuesday with total
05:57 bookings exceeding 3,000 units. Meanwhile, its X-series SUVs consisting of the X50, X70 and X90
06:06 have reached 201,710 units on the road, while the Saga, Iris, Persona and Exoera models recorded
06:14 a growth of 34.3%. Deputy CEO Roslan Abdullah said the ongoing improvements in Proton's after-sales
06:22 services have strengthened customer confidence and believes the automaker will deliver a strong
06:27 finish this year, getting cars into the hands of its customers before the year concludes.
Comments