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Sunday, 9 November 2014

8 million more houses needed in Malaysia


MY attention was captured by a news entitled “The only place where housing is easily affordable” when reading The Times, a UK paper recently.

While I had expected some light on affordable housing solutions, I was surprised to find out that Copeland is the only area in England where house prices are less than three times the average annual salary of its residents.

According to the same article that quoted a research by UK Trade Union Congress (TUC), the number of “easily affordable” local authority areas across England has fallen from 72 to just one over the last 16 years. In prime areas, house prices reach as high as 32 times the average earnings of their residents.

Frances O’ Grady, the General Secretary of TUC which represents 6.2 million working people in the UK, called for an “ambitious programme” to bring the prices of homebuilding under control.

This resonates with the earlier comments made by the governor of the Bank of England (BoE) Mark Carney who said in May that the only long-term way to effectively bring down home prices is to build more homes.

In the UK, 63.8 million people lived in 26.4 million homes in 2012. This works out to about 2.4 persons per house.

There were calls for more homes even with such healthy ratio. Australia, which has a population of 21.5 million in 2013, has 9.1 million occupied houses or 2.4 persons per house.

At the recent World Class Sustainable Cities 2014 Conference, Kerry Doss from Brisbane City Council showed a slide presentation of persons per household over the past century.

As far back as 1927, Australia was already four persons per household. These made me reflect on the situation of our home country, especially since we too aspire to be a developed nation.

According to National Property Information Centre (NAPIC), we have a total of 4.7 million homes in the fourth quarter of 2013. As NAPIC does not track rural homes, we assume that only urbanites were taken into account in the survey.

This accounts for 70% of our 30 million population or 21 million people. Therefore, on average, there are 4.4 to 6.4 persons per household in our country.

This is a poorer ratio compared with Australia in 1927. This means we need to build four million to 7.8 million more houses to match the same ratio as the UK or Australia.

While we are aware that the Government aims to build one million affordable homes over a five-year timeline since last year, we still have quite a fair bit to catch up.

This is because we have only managed to build about 73,000 residential units per year for the last three years.

Under Budget 2015, it is encouraging to note that the Government plans to build 80,000 units under PR1MA and 63,000 units under another housing programme. This will bring the total planned units to 143,000. This figure is still way too low and the Government should consider building at least 200,000 units a year to meet the vision of one million affordable homes.

There should be a constant effort to track the progress of home-building. It is important to realise the goal of housing the nation by ensuring yearly targets are met.

Some of the measures that the Government can consider were recommended in my earlier articles.

They included freeing up state land for housing, purchasing agriculture land for development, building houses in rural areas and connecting them to the cities via public transports, as well as expediting the approval process to supply more houses to the market.

In addition to supplying more affordable homes to bring down prices of homes, there are also other factors to ensure that the rakyat have a roof over their heads.

In the same-mentioned article in The Times, Frances O’ Grady commented that, “Housing affordability isn’t just about house prices; decent wages are just as important.” I think it makes good sense and generates more food for thought for our nation.

By DATUK ALAN TONG

FIABCI Asia-Pacific regional secretariat chairman Datuk Alan Tong has over 50 years of experience in property development. He is also the group chairman of Bukit Kiara Properties. For feedback, please email feedback@fiabci-asiapacific.com

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Thursday, 6 November 2014

Yes, right to comment on Perkasa Chief Ibrahim Ali, selective non-prosecution by A-G!


The Star CEO Wong: I have right to comment on bible-burning issue

PETALING JAYA: Star Publications Bhd chief executive officer Datuk Seri Wong Chun Wai has hit out at detractors who criticised him for questioning the decision not to prosecute Perkasa chief Datuk Ibrahim Ali over the Bible-burning remark.

Wong said he was entitled to comment on the decision made by the Attorney-General’s Chambers “just like other Malaysians who have the right to comment on contemporary issues”.

“It is not the monopoly of politicians and non-governmental organisations,” he said in a statement yesterday.

Wong said he was not the only one who had commented on the issue.

“Many other Malaysians, including Cabinet ministers, have expressed their sentiments. We have the right to comment on the decision of the A-G.

“As responsible and moderate Malaysians, we should focus our energy on bringing people together, not making statements that cause disunity,” he said.

Negri Sembilan Perkasa chief Ruslan Kassim. in a statement on Monday, urged Wong to stop “all the provocations” against Ibrahim and said that Wong need not teach the Attorney-General how to do his work.

Global Movement of Moderates chief executive officer Datuk Saifuddin Abdullah defended Wong, saying that Malaysians have the right to comment on the decision by the Attorney-General’s Chambers.

“The Attorney-General is not immune. One can always criticise people who commented on the Attorney-General’s decision, but the criticism should be on their statement.

“You can criticise a comment but to stop a person from commenting only shows that you do not understand democracy.

“Ruslan Kassim should argue against Wong’s reasoning, not stop him from commenting,” said Saifuddin.

Similar views were shared by unity advocate and author Anas Zubedy, who said Malaysians should be encouraged to speak up and comment when something was not right.

“We must not forget a very popular tradition by the first Caliph of Islam, Sayyidina Abu Bakar.

“He said that when he is right, follow him, but when he is wrong, correct him.

“If Malaysians feel that someone did wrong, we should be able to speak up and correct him,” said Anas.

In his On The Beat column on Sunday (see below: A mind-bloggling spin), Wong said the Attorney-General would set a dangerous precedent with his decision not to file charges against Ibrahim based on “context” and “intention”, which are matters that should be decided by the court.

“In future, any extremist, of whatever faith, can call for the burning of any holy book and then cite the same pathetic reason that he or she is merely defending the sanctity of his or her religion,” Wong said.

Last week, the Attorney-General’s Chambers said that no legal action was taken against Ibrahim because he was “defending the sanctity of Islam” and had no intention to create religious disharmony when he called for the burning of Bibles containing the word “Allah”.

Politicians from both sides of the divide have urged the Attorney-General to review the case against Ibrahim.

The Star/Asia News Network Nov 5 2014

A mind-boggling spin 

Perkasa Chief Ibrahim Ali

IT smacks of double standards and no one can fault moderate-minded Malaysians, who have some sense of justice and fairness, to feel that the statement from the Attorney-General’s Chambers lacks any conviction.

The ordinary Malaysians are finding it difficult to be convinced by the legal arguments put up by the Attorney-General on why Perkasa chief Datuk Ibrahim Ali, who had called for the burning of the Bahasa Malaysia Bible, has not breached sedition laws.

We are now told that Ibrahim was merely defending the sanctity of Islam. No one can accept this mind-boggling spin, more so when it comes from the principal legal adviser to the government.

It is appropriate that former Court of Appeal judge Datuk K.C. Vohrah and the former head of the prosecution division of the AGC, Datuk Stanley Isaacs, have put forth their views (The Star, Oct 23, Oct 31 and Nov 1) on why the A-G’s legal reasoning cannot stand. Vohrah had also served in the AGC and is fully aware of how the system works.

The A-G’s decision not to file charges against Ibrahim based on “context” and “intention”, which are actually matters for the court to decide under the Sedition Act, is a dangerous precedent.

In future, any extremist, of whatever faith, can call for the burning of any holy book, and then cite the same pathetic reason that he or she was merely defending the sanctity of his or her religion.

It is simply unacceptable for anyone to belittle another religion, and worse still, in this particular case, even calling for the burning of a holy book.

We were already shocked by the reply from the Minister in the Prime Minister’s Department Nancy Shukri in Parliament and the A-G’s statement justifying Ibrahim’s action certainly made matters worse.

We are now told that we must read Ibrahim’s remarks “in the entire context”. Going by the same argument, how then does the A-G justify the other recent sedition cases?

Tun Dr Mahathir Mohamad has also weighed in with a comment that Ibrahim “was giving an opinion that could be accepted by Muslims as it was not seditious”.

Those of us who have followed closely the political career of the former prime minister would know that he has always stood by his supporters, in this case, Ibrahim. But with due respect to Dr Mahathir, we believe he should and would also stand by the side of justice and fairness, as we are sure he would oppose any form of extremism.

But the statements from the A-G and Dr Mahathir are unacceptable because what they are saying, in short and simple layman’s language, is that Ibrahim has done no wrong and they wonder what the fuss is all about.

Ibrahim can actually now say that he can carry on with what he has said. After all, the A-G, who is the sole authority in deciding who to prosecute, has not only let him off, but given us reasons that basically open the door for similar actions in the future. And it certainly does not help that Dr Mahathir, with his own way of reasoning over the burning of holy books, has stood by him.

The A-G’s argument on “context” and “intention” sounds more like what the defence counsel for Ibrahim would say if he had been charged. And even then, going by the provisions of the Sedition Act, such a defence would probably be struck down.

So we are to believe that Ibrahim is merely expressing an opinion which is not seditious. How convenient.

My fellow columnist in The Star and Universiti Malaya law professor Azmi Sharom has been charged with sedition for expressing an opinion which is not even about religion or race.

Many Malaysians are still wondering how Azmi’s opinion could have caused offence or threatened national security, while a number of high-profile and consistently recalcitrant extremists continue to get away with their offensive statements.

Who can blame Malaysians if they deem that the authorities are being selective in who they haul up for sedition.

If anyone dares to call for the burning of the Quran, I am confident that all rational-minded Malaysians will rise up and ask for the person to be arrested immediately and be charged with sedition.

If there is any non-Muslim stupid enough to make such a call, then all the non-Muslims in this country must speak out. No non-Muslim should remain silent if such an offensive remark is made to cause offence to their fellow citizens who are Muslims.

Likewise, I think Malaysians expect the same response from non-Christians when someone calls for the destruction of the Bible.

And the ordinary people’s response must be supported by the politicians and the leaders. It is very sad for Malaysia when politicians keep a deafening silence when gross injustice is done.

We expect our politicians to be the leaders of all Malaysians, regardless of their race and faith, and not to merely represent the interests of their own race.

No one should have the suspicion or perception that only the feelings of one race matters in Malaysia.

All it takes is for one individual or one NGO to express a negative view on the activities of another community, be it with regard to Oktoberfest, Halloween, Valentine’s Day, a concert or whatever, and suddenly the whole nation is engulfed in a major debate which takes up so much valuable time and resources, especially from the authorities who have more serious matters to deal with.

In a maturing democracy, we cannot prevent anyone from articulating their views and beliefs, even those that we find most objectionable.

Our challenge is to remind ourselves that while they do not represent the majority view, they must not be allowed to gain ground because the majority has chosen to remain silent. The voices of moderation must ring out loud and clear, all the time.

In a plural society like ours, everyone has the right to practise and celebrate any occasion. It is certainly far-fetched and even laughable to suggest that there are atheists and non-Muslims who want to weaken the faith of their fellow Malaysians.

Events like Halloween and Valentine’s Day do not even have any religious significance. In fact, they are nothing more than commercially driven opportunities for the entertainment and food outlets.

We should be thankful that we are a nation where religion is paramount. The first principle of our Rukunegara espouses our “Belief in God”.

But our faith is not just about religious rulings and paraphernalia. It is in the way we live our lives – how we exhibit compassion, mercy, justice for fellow human beings, and in our concerns over what is wrong and unjustifiable in our country, be it with regard to corruption, intolerance, violence, and the growing divide between the rich and the poor.

These should be the concerns of all religious leaders in their sermons and statements, instead of dwelling on petty issues. They should focus on common values shared by all Malaysians instead of dividing us further.

The Kelantan PAS state government is now determined to go ahead with the implementation of hudud law and again, non-Muslims are expected to believe that they would not be affected by these Islamic laws.

Whatever our faith, we are all closely linked in our daily lives. The laws peculiar to one faith, if implemented in a plural society, will have implications for everyone. To even suggest non-Muslims are not affected is laughable but there will be non-Muslims, because of their anger towards the federal government, who would actually want to believe so and even vote for PAS, which has never hidden its Islamist plans and ambition.

Let’s get our priorities and bearings right.

Malaysia is at the crossroads. We can, as a united people, go straight and take the middle path, and be sure we are on the correct track where we support one another.

Or we can allow ourselves to be divided and take different roads, which will mean we no longer believe in a common destiny.

Our choice is simple – we must all fight to keep Malaysia moderate and inclusive, and fully embrace the vision of our founding fathers.

On The Beat by Wong Chun Wai The Star/Asia News Network Sun Nov 2, 2014

Wong Chun Wai began his career as a journalist in Penang, and has served The Star for over 27 years in various capacities and roles. He is now the group's managing director/chief executive officer and formerly the group chief editor.

On The Beat made its debut on Feb 23 1997 and Chun Wai has penned the column weekly without a break, except for the occasional press holiday when the paper was not published. In May 2011, a compilation of selected articles of On The Beat was published as a book and launched in conjunction with his 50th birthday. Chun Wai also comments on current issues in The Star.


A case of selective non-prosecution

Untouchable?: Many felt that the A-G's decision not to prosecute Ibrahim was faulty and untenable.

The case of Datuk Ibrahim Ali not being charged with sedition over his Bible-burning remarks remains a perplexing one for Malaysians seeking an answer to what they feel is an example of ‘selective non-prosecution’.

THE Attorney-General decided last week not to charge Perkasa chief Datuk Ibrahim Ali with sedition for uttering words to the effect that Malay Bibles should be burned.

It is the same law under which nearly a dozen activists had been charged.

Although the Federal Constitution gives the A-G sole discretion whether to charge a person or not, that decision not to charge Ibrahim has invited considerable criticisms not only from retired judges and prosecutors but also from former and serving political leaders, priests and laymen.

They felt that the A-G’s decision was faulty, untenable and even smacks of double standards.

The legal arguments notwithstanding, the damage to inter-ethnic relations and to inter-religious harmony is incalculable.

Christians are upset because they felt there is a clear case of sedition but Ibrahim “escaped” being charged because the A-G stated that “he had no intention to create religious disharmony” when he called for the burning of those Bibles.

While judges and lawyers will argue over intention and context, the A-G decided that he would not lay charges because he thinks the “intention” was absent.

The A-G has usurped the powers of the courts.

“It is for the courts to decide “intention”, not him.

His decision means that Ibrahim got away scot-free.

And that is unacceptable to those who feel that Ibrahim has crossed the line and deserves to be punished.

They find it difficult to buy the A-G’s reasoning.

“It smacks of double standards,” said a well-known lawyer who declined to be named. “You can’t fault ordinary Malaysians for thinking otherwise.”

“This decision by the A-G is simply mind-blowing.

“His decision not to charge Ibrahim Ali is not only bad in law but he also walks a political minefield,” he said.

“His job is to lay the charges as he had on a dozen other activists who were charged with sedition.

“Let the court decide whether any of them had any ill-intention,” he said.

“Is Ibrahim Ali so influential that he is untouchable?” he asked.

There has been all sorts of speculation in the aftermath of the A-G’s decision, which was perceived to be bending backwards to accommodate right wing forces.

Another lawyer pointed out former Prime Minister Tun Dr Mahathir Mohamad’s support for Ibrahim.

Dr Mahathir made a big mistake by standing by Ibrahim and supporting him with his convoluted thoughts, the lawyer said.

“He should have stood behind moderate Malaysians in the country who are aghast at the way things are becoming,” she said.

Who can blame Malaysians for thinking that the authorities are being selective in deciding who to haul up in court when it comes to laying sedition charges?

Ordinary Malaysians are speaking up in the ways they know, in social media, on Twitter and Facebook.

These critics posted nasty comments on how Ibrahim is walking free and how the A-G, instead of laying charges, is acting like a defence lawyer.

Why is the reaction to “burning Malay Bibles” as uttered by Ibrahim so muted?

Why is it so defensive? Why is Dr Mahathir defending Ibrahim? Why is the A-G giving excuses for Ibrahim?

These are questions which ordinary Malaysians find perplexing.

The A-G should also use wisely the discretions allowed to him.

He should always have an ear on the ground on what the public feels is the right thing to do.

You can’t go wrong because this is a participatory democracy and not a dictatorship of a few over many.

>The views expressed are entirely the writer’s own.

By Baradan Kuppusamy The Star/Asia News Network Nov 4 2014

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Monday, 3 November 2014

US's Quantitative Easing (QE) ended, but not financial supremacy

By Luo Jie

The Federal Reserve has officially announced an end to the third round of its quantitative easing bond-buying program. To deal with the financial crisis and make up for the failure of the US government to adequately stimulate the economy, the Federal Reserve has generated trillions of dollars for the American economy in the past six years. It shifted its own financial burden to the rest of the world to some extent.

Europe and Japan also adopted the policy of quantitative easing, albeit with little result. But the US achieved its goal. The fundamental reason is that it is the dollar, rather than the euro or the yen, which is the world's currency for clearance and reserve. The US dominance of the world's financial system has remained quite solid.

When the US pushed forward this policy of quantitative easing, the world complained because the US was dragging down countries and institutions that hold US dollars. Now that the US government and the Federal Reserve have gained some confidence, quantitative easing was abandoned. But Washington has shown indifference to the world's reactions.

In the past six years, there has been much discussion of US decline. The situation in Iraq and Afghanistan enables people to see the limitation of US influence, but the capabilities of US systems still surpass those of other countries. These capabilities are more than enough to maintain the US as a global superpower when it is at the center of a global crisis.

Some media recently speculated that on the purchasing-power basis, China is overtaking the US and becoming the world's biggest economy. China's GDP has been supported by low-end economic activities. It has a long way to go to build up its high-end economic capabilities and build financial systems. Besides the economy, China lags behind the US in terms of national defense, soft power and diplomatic partnerships.

To put it more precisely, China cannot compare with the US. But comparing the two has been popular both within and outside China. Chasing or passing the US can hardly become a China policy. China needs to undergo a tough process to make it stronger.

Both China and the US should keep a sober mind to discuss the possibilities of big power relationship patterns in the 21st century. US financial dominance indeed makes China uneasy, while China takes the initiative to establish an Asian infrastructure investment bank, the US is highly alert and tries to exclude its allies such as Australia and South Korea.

China is clear about its gap with the US. How to narrow it is not only an issue for China, but also for both. The US will not be able to monopolize the world's development opportunities. Its material decline is real, and only when it adds flexibility to the current world order, can its interests be maximized. In the international community, when the strength of a superpower is declining, its morality will be tested.

Souce: Global Time

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Sunday, 2 November 2014

Terrible week for US Spaceflights: NASA rocket explodes, Virgin spaceship crashes

Wreckage from Virgin Galactic's SpaceShipTwo spacecraft is seen after the vehicle crashed on Oct. 31, 2014 during a test flight out of the Mojave Air and Space Port in California.

The burgeoning field of spaceflight suffered two serious blows this week.





The bad news began on Tuesday (Oct. 28), when Orbital Sciences Corp.'s Antares rocket exploded just seconds after blasting off on an unmanned cargo mission to the International Space Station for NASA. Then, on Friday (Oct. 31), SpaceShipTwo crashed during a test flight; one of the two pilots aboard was killed and the other injured, apparently seriously.

The causes of the two accidents are unclear at the moment, and so are the consequences. But the fallout could be huge for Orbital Sciences, Virgin Galactic and the entire private spaceflight industry, which has been building up some serious momentum over the past several years.Photos: SpaceShipTwo's Test Flights



Virginia-based Orbital Sciences holds a $1.9 billion contract with NASA to make eight robotic cargo runs to the space station using Antares and the company's Cygnus spacecraft. Orbital had completed two such missions without incident before Tuesday's rocket explosion.

Another company, California-based SpaceX, also signed a deal to ferry cargo to the space station for NASA. The agency is paying SpaceX $1.6 billion to fly 12 unmanned supply missions to the orbiting lab using the firm's Dragon capsule and Falcon 9 rocket. So far, SpaceX has flown four of these missions, and all have been successful.

NASA is also looking to the private sector to take astronauts to and from low-Earth orbit. Last month, the agency awarded SpaceX and Boeing multibillion-dollar contracts to continue developing their crewed vehicles — a manned version of Dragon in SpaceX's case and a capsule called the CST-100 for Boeing.

NASA officials hope at least one of these spaceships is up and running by 2017. The agency has been dependent on Russian Soyuz spacecraft to ferry American astronauts to and from the space station since 2011, when NASA's space shuttle fleet retired.

NASA officials expressed confidence in Orbital Sciences after Tuesday's launch mishap, citing the company's two successful supply missions to the space station. The agency also seemed to affirm its commitment to private cargo delivery.

"Launching rockets is an incredibly difficult undertaking, and we learn from each success and each setback," Bill Gerstenmaier, head of NASA's Human Exploration and Operations Directorate, said in a statement Tuesday. "Today's launch attempt will not deter us from our work to expand our already successful capability to launch cargo from American shores to the International Space Station."

Meanwhile, Virgin Galactic and Scaled Composites — the company that built the six-passenger, two-pilot SpaceShipTwo — are dealing with a tragedy that claimed a life.

Virgin Galactic founder Sir Richard Branson has previously expressed hope that commercial operations of SpaceShipTwo will begin sometime in 2015. Friday's crash, which occurred during the suborbital space plane's fourth rocket-powered flight and 55th overall test flight, will almost certainly push that timeline back.

But Virgin Galactic representatives vowed that they will continue their work to get SpaceShipTwo up and running. And the entire industry will bounce back as well, said Stuart Witt, CEO of Mojave Air and Space Port in California, which hosts SpaceShipTwo's test flights.

"It hasn't been an easy week. It's certainly been a challenge," Witt said during a post-crash news conference Friday. "But where I'm from, this is where you find out your true character."

By Mike Wall @Spacedotcom

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Saturday, 1 November 2014

Chinese unmanned lunar orbiter returns home

Experimental orbiter prepares for home trip - CCTV News - CCTV.com English 

China's unmanned lunar orbiter returns home - CCTV News - CCTV.com English

China succeeded Saturday in the world's first mission to the Moon and back in some 40 years, becoming the third nation to do so after the former Soviet Union and the United States.

The test lunar orbiter, nicknamed "Xiaofei" on Chinese social networks, landed in Siziwang Banner of China's Inner Mongolia Autonomous Region early Saturday morning.

Search teams have already recovered the orbiter at the designated landing area, about 500 kilometers away from Beijing.

Launched Friday last week, the orbiter traversed 840,000 kilometers on its eight-day mission that saw it round the far side of the Moon and take some incredible pictures of Earth and Moon together.

The re-entry process began at around 6:13 a.m. Saturday morning, with the orbiter approaching Earth at a velocity of about 11.2 kilometers per second.

The high speed led to hefty friction between the orbiter and air and high temperatures on the craft's exterior, generating an ion sheath that cut off contact between ground command and the orbiter.

To help it slow down, the craft is designed to "bounce" off the edge of the atmosphere, before re-entering again. The process has been compared to a stone skipping across water, and can shorten the "braking distance" for the orbiter, according to Zhou Jianliang, chief engineer with the Beijing Aerospace Command and Control Center.

"Really, this is like braking a car," said Zhou, "The faster you drive, the longer the distance you need to bring the car to a complete stop."

The "bounce" was one of the biggest challenges of the mission, because the craft must enter the atmosphere at a very precise angle. An error of 0.2 degrees would have rendered the mission a failure.

Wu Yanhua, vice director of China's State Administration of Science, Technology and Industry for National Defense, said the successful test mission has gathered a lot of experimental data and laid a solid foundation for future missions.`  

Paving way for new probe

The eight-day program is a test run for the final chapter of China's three-step--orbiting, landing and finally returning--lunar program.

"Xiaofei" is obtaining data and validating re-entry technology such as the heat shield and trajectory design for a future landing on the moon by Chang'e-5.

Earlier reports said Chang'e-5 will be launched around 2017. The goal is to collect samples from the Moon and return to Earth. If successful, China will become the third nation to do so.

Calling "Xiaofei" a pathfinder for Chang'e-5, Zhou Jianliang said the data acquired by the lunar orbiter will optimize technology for Chang'e-5.

Hao Xifan, deputy chief of China's third phase lunar exploration program, also said the mission validated ground support capacities, craft landing technology and recoverable spacecraft technology.

According to Wu Weiren, chief designer of China's lunar exploration program, Chang'e-5 is expected to collect a 2-kg sample from two meters under the Moon's surface and bring it home.

Aside from the high-speed re-entry, major technological challenges for the craft center on surface sampling, taking off from the Moon, and lunar orbit rendezvous, Wu said.

READY TO MAKE HISTORY, AGAIN

China launched a pair of orbiting lunar probes and last year landed a craft on the moon with a rover on board.

Saturday's success is another step forward for China's ambition that could eventually land a Chinese citizen there. Few countries can rival China's space program although China never intended to participate in any "space race".

In an earlier interview with Xinhua, Wu Weiren said lunar probe technology and software could be of great economic value if adapted for commercial use.

Commercial gains aside, the space program is already a marker of China's global stature and technical expertise. The Chang'e lunar probes - named after a goddess who took her pet Yutu, or jade rabbit, to the moon - are a symbol of great national pride.

The country sent its first astronaut into space in 2003, becoming the third nation after Russia and the U.S. to achieve manned space travel independently. In 2008, astronauts aboard the Shenzhou-7 made China's first space walk. There are plans for a permanent space station, expected to be set up around 2022.

The Chang'e-1 and Chang'e-2 missions in 2007 and 2010 respectively, capped the orbital phase of the three step project. Chang'e-1 crashed onto the Moon's surface at the end of its mission, and Chang'e-2 was sent into deep space to become China's first man-made asteroid.

The ongoing second phase saw Chang'e-3 soft land on the moon carrying moon rover Yutu in December 2013. Chang'e-4 was a backup for Chang'e-3 and has not been deployed.

In the meantime, Yutu has entered its 11th dormancy earlier October, although its functions have degraded considerably after it encountered control issues in January this year. Experts had feared that it might never function again, but Yutu has stubbornly managed to wake up from its sleep mode ever since.

None of those missions were intended to return to Earth and this has pushed the 2017 mission further into spotlight.

"The Chang'e-5 mission will be yet another historic moment for China's lunar program," Wu said.

(Xinhua)

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Thursday, 30 October 2014

5 Technologies to change property and real estate




In its latest Global Cities 2015 report, real estate firm Knight Frank has highlighted five technologies that will likely change the property sector.

It is remarkable to think that just five years ago no one owned an iPad (launched in April 2010), illustrating how quickly new technology becomes taken for granted today.

This is an example of a technological advance that has accelerated changes in how we work, shop and spend leisure time, with implications for commercial real estate. Some, who previously shopped regularly for books, CDs, DVDs, and video games, now access all these products through their tablet computer.

This has contributed to a reshaping of retail property, and sparked a wave of office-based start-ups that produce apps. Similarly, the popularity of e-shopping has buoyed demand for warehouses. New technology undoubtedly impacts the property market, raising the question, where will change come from next.

Office robots

Development has begun on telepresence robots, whereby a remote worker can log into a droid, traverse the office, see what is occurring, and speak to colleagues. Cleaning robots at home have already taken off. An office service robot that cleans, reloads printers, and performs basic security duties, could be a future extension of this technology. Future office buildings may need storage, recharge and service areas for these droids.

The internet of things

This is where everyday appliances are connected to the internet, so they can be controlled remotely or intelligently monitor how we use the device. For instance, a fridge could monitor its contents, and send the homeowner a suggested shopping list to his mobile phone with a ‘buy’ button. This would add momentum to the rise of e-retail, increasing demand for logistics property. Internet-linked machinery could also result in smart office buildings that partially manage themselves.

Drones

When Amazon rolled out plans to deliver small goods by drone helicopters there was initially a sceptical reaction. However, other firms quickly announced they too were testing drone delivery. In the future, logistics properties may come to resemble mini-airports, as drones come and go. EasyJet, the airline, has plans for its maintenance crews to use drones for aircraft inspection. Similarly, the property industry could use drones to inspect buildings.

Driverless car

A computer driven car, using wi-fi to communicate with other vehicles and receive traffic reports, should improve traffic flow and speed up commuting. The result will be a better quality of life in office districts, as efficient traffic movement allows more streets to be pedestrianized, improving public areas and passing trade for retailers. The city will become a more pleasurable experience encouraging people to work, live and shop there.

3-D Printing

3-D printers are being used more often for producing components, but those parts then need to be assembled into a working product, which will require quality control testing. This requires a factory. However, in R&D and specialist manufacturing, 3-D printing is having an impact, bringing down costs on short production runs. Consequently, we could see a wave of ‘start-up’ manufacturers offering bespoke or specialist goods, generating more demand for light industrial units.

For more information: http://www.knightfrank.com/global-cities-index-2015/specials/real-estate-technology/#sthash.l9ozavde.dpuf

By Andrew Batt, International Group Editor of PropertyGuru Group.

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How successful entrepreneurs can give back to their younger counterparts JUST as it takes a village to raise a child, it also takes ma...

Wednesday, 29 October 2014

Playing angel to startups as some successful Malaysian entrepreneurs made it big - part 2 & 3


How successful entrepreneurs can give back to their younger counterparts

JUST as it takes a village to raise a child, it also takes many different players in an ecosystem to raise a successful startup.

And one of the most valuable players in the startup ecosystem are those who have walked the path of an entrepreneur and succeeded in their own right. These players have a wealth of experience and expertise as well as capital to plough back into other budding startups.

Most times, they invest in the capacity of an angel investor.

By definition, an angel investor is an affluent individual who is willing to invest in a company at its earlier stages in exchange for an ownership stake, often in the form of preferred stock or convertible debt.

They typically fill the gap in startup financing between seed funding, likely provided by friends and family, and formal venture capital funding in later stages once the startup has gained some traction.

Angel investors are usually entrepreneurs themselves and have successfully cashed out of their ventures with deep pockets to spare.

Over the years, scores of entrepreneurs, who have tasted hard-earned success, have increasingly been giving back to the ecosystem by reinvesting their time, money and knowhow into other startups.

Unlike other sources of funding such as government grants and venture capital funds, the angel investors’ involvement in startups is vital given their experience in building successful companies.

This would enable new startups to tap into their network and expertise, giving them a higher chance at succeeding.

As some entrepreneurs note, “one entrepreneur betting on another is a great validation of the idea.”

Some Malaysian entrepreneurs who have made their mark in the startup scene have sowed back into the ecosystem. They include the likes of Azrul Rahim, founder of application launcher for PalmOS, Facer, and Mark Chang, founder of JobStreet. com, who recently expressed interest in backing entrepreneurs from underprivileged backgrounds.

Notably, like every investment, there are risks involved when investing in early stage startups.

To recap, startups are experimental by nature and therefore are meant to fail several times before they succeed. As such, it is important that angels understand that a high percentage of the startups they invest in may likely fail.

However, as with other types of investment, angel investors should have a portfolio of high growth startups to invest in. And in that basket of startups, a gem or two will return a big reward.

Take Berjaya Group’s Tan Sri Vincent Tan, for example, who is known to make quite a few bets with budding companies.

While not all of them have been known to be successful investments, Tan certainly uncovered a jewel in MOL, which he bought for US$3.2mil (RM10.5mil) in early 2000s and listed on the Nasdaq this year. He reportedly pocketed a cool US$200mil from the listing exercise.

The government is also increasingly encouraging more early-stage private investment in startups with the introduction of the Angel Tax Incentive, which is administered by a unit within Cradle Fund Sdn Bhd.

Angels who are eligible for the incentive are high net worth individuals with total wealth of more than RM3mil or high income earners with gross annual income of more than RM180,000.

Angel investing is indeed becoming more visible and formalised with the formation of networks that connect entrepreneurs and angels.

Most recently, local entrepreneur-turn-investor Khailee Ng, who co-founded GroupsMore and SAYS. com, was made managing partner at 500Startups. Through the fund, Ng has invested in multiple companies across the region.

The local startup scene can indeed benefit with the involvement of more angel investors. Entrepreneurs who have achieved their milestones should think of investing in the future and giving back to younger entrepreneurs.

Entrepreneurs who have been there understand the satisfaction of nurturing another venture.

So if you have succeeded with your company, perhaps it is time to consider investing back into the ecosystem by sharing your expertise and resources as angel investors.

Malaysia has more successful tech startups than many people realise

Investor interest: MyTeksi has managed to raise a total of US$90mil in funding over the past 12 months.

Much has been said about this being the best time to launch and grow startups due to the availability of funding, infrastructure and an accommodating environment.

Additionally, mergers and acquisitions suggest that there is much value to be derived from startups. Foreign corporate moves include the US$966mil (RM3.1bil) price tag that Google paid to acquire navigation app Waze and the US$22bil takeover of messaging app Whatsapp by Facebook.

No doubt, many budding entrepreneurs aspire to follow in the footsteps of these successful startups. In a globalised market, the success of startups is not limited to those with connections to or within the vicinity of Silicon Valley.

With the right experimentation and innovation, a startup can succeed even in a risk-averse culture. It is not impossible for startups to grow rapidly and achieve high revenues in a short time.

But budding local entrepreneurs often lament that there are few local heroes to look up to in order to benchmark the ability of the local startup scene in producing successful ventures.

Although they are few and far between and are generally below the radar, there are some local gems that have scaled up very quickly, attaining regional success in just a few years, and have caught the eye of internationalinvestors.

One such company is MyTeksi Sdn Bhd. The Internet-based taxi booking service provider, which was launched in 2012, has already established a strong presence in Singapore, the Philippines, Thailand, Vietnam and Indonesia under the brand GrabTaxi.

The MyTeksi app has reportedly been downloaded onto over 2.1 million mobile devices with more than 400,000 active monthly users in six countries and more than 25,000 taxi drivers registered with the network.

Most notably, the company has managed to raise a total of US$90mil in funding over the past 12 months, counting US-based Tiger Global Management, GGV Capital and Vertex Venture Holdings as some of its investors.

One of the key reasons for MyTeksi’s success, says co-founder Anthony Tan, is its focus on solving a real social problem. In this case, providing an efficient and safe platform to match taxi drivers and passengers.

Another homegrown startup that is shaking up its field is banking solutions company Juris Technologies Sdn Bhd.

When the company was founded in 1997, co-founder and CEO See Wai Hun said its main agenda was to market a data mining system. But See quickly realised that no one was interested in data mining because people were reeling from the shock of the financial crisis.

Thankfully, she was equally quick at spotting an opportunity to create software for bad debt recovery which would help financial institutions manage their workflow with their litigation team.

Juris was set up with the help of an angel investor but See noted that the company eventually bought back its shares within a few years of incorporation. The team has grown from 10 people when it started to a staff strength of 80 today.

Its product range has also expanded from just a component of the debt recovery software to software for debt collection systems, loan origination systems, credit scoring systems, conveyancing and loan documentation systems.

To-date, 11 banks, 900 lawyers, 200 collection agencies and 100 property valuers are using its systems and See is expecting revenue to hit a high of RM30mil this year.

Most recently, Juris joined the ranks of Endeavor Global Inc’s global network of high-impact entrepreneurs, being the second Malaysian company to do so.

The achievement gives Juris access to global investor network and partnerships that will enable the company to scale up for regional expansion.

Malaysia has seen other startups, including the likes of iMoney, Softspace, FashionValet, Piktochart and TextbookAsia, take flight and achieve success in various fields.

Local entrepreneurs can take heart that some of the action does take place on our home ground. It is possible to nurture the local startup ecosystem to provide startups with a good platform to thrive and contribute significantly to the growth of the country.

With the right combination of policy, infrastructure, funding facility and mentoring, the local startup industry could unlock another key growth driver in our economy.



By Joy Lee  



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Brewing a startup - part 1