NEW UNITY CABINET 2023 ; RESOLVE PEOPLE'S ISSUES QUICKLY

Cabinet reshuffle: Full list of unity govt ministers and ...

UALA LUMPUR, Dec 12 — Following is the full list of Cabinet ministers and deputy ministers in the unity government following the Cabinet reshuffle announced by Prime Minister Datuk Seri Anwar  Ibrahim today.

Prime Minister and Minister of Finance

Datuk Seri Anwar Ibrahim

Minister of Finance II

Datuk Seri Amir Hamzah Azizan (new)

Deputy Minister of Finance

Lim Hui Ying (formerly Deputy Education Minister)

Deputy Prime Minister and Minister of Rural and Regional Development

Datuk Seri Ahmad Zahid Hamidi

Deputy Minister of Rural and Regional Development

Datuk Rubiah Wang

Deputy Prime Minister and Minister of Energy Transition and Public Utilities (a new ministry — split from the Ministry of Natural Resources, Environment and Climate Change (NRECC))

Datuk Seri Fadillah Yusof (also in charge of Sabah, Sarawak Affairs)

Deputy Minister of Energy Transition and Public Utilities

Akmal Nasrullah Mohd Nasir

Minister of Transport

Anthony Loke Siew Fook

Deputy Minister of Transport

Datuk Hasbi Habibollah

Minister of Agriculture and Food Securities

Datuk Seri Mohamad Sabu

Deputy Minister of Agriculture and Food Securities

Datuk Arthur Joseph Kurup (formerly Deputy Minister of Science, Technology and Innovation)

Minister of Economy

Rafizi Ramli

Deputy Minister of Economy

Datuk Hanifah Hajar Taib

Minister of Local Government Development

Nga Kor Ming

Deputy Minister of Local Government Development

Datuk Aiman Athirah Sabu (formerly Deputy Minister of Women, Family and Community Development)

Ministry of Foreign Affairs

Datuk Seri Mohamad Hasan (formerly Minister of Defence)

Deputy Minister of Foreign Affairs

Datuk Mohamad Alamin

Minister of Works

Datuk Seri Alexander Nanta Linggi

Deputy Minister of Works

Datuk Seri Ahmad Maslan (formerly Deputy Minister of Finance)

Minister of Home Affairs

Datuk Seri Saifuddin Nasution Ismail

Deputy Minister of Home Affairs

Datuk Seri Dr Shamsul Anuar Nasarah

Minister of Investment, Trade and Industry

Datuk Seri Tengku Zafrul Abdul Aziz

Deputy Minister of Investment, Trade and Industry

Liew Chin Tong

Minister of Defence

Datuk Seri Mohamed Khaled Nordin (formerly Minister of Higher Education)

Deputy Minister of Defence

Adly Zahari

Minister of Science, Technology and Innovation

Chang Lih Kang

Deputy Minister of Science, Technology and Innovation

Datuk Mohammad Yusof Apdal (formerly Deputy Higher Education Minister)

Minister of Women, Family and Community Development

Datuk Seri Nancy Shukri

Deputy Minister of Women, Family and Community Development

Datuk Seri Noraini Ahmad (new)

Minister in the Prime Minister’s Department (Law and Institutional Reform)

Datuk Seri Azalina Othman Said

Deputy Minister in the Prime Minister’s Department (Law and Institutional Reform)

M.Kulasegaran (new)

Minister of Natural Resources and Sustainability (a new ministry — split from NRECC)

Nik Nazmi Nik Ahmad

Deputy Minister of Natural Resources and Sustainability

Datuk Seri Huang Tiong Sii

Minister of Entrepreneur Development and Cooperatives

Datuk Ewon Benedick

Deputy Minister of Entrepreneur Development and Cooperatives

Datuk R. Ramanan (new)

Minister of Higher Education

Datuk Seri Zambry Abd Kadir (formerly Minister of Foreign Affairs)

Deputy Minister of Higher Education

Datuk Mustapha @ Mohd Yunus Sakmud (formerly Deputy Minister of Human Resources)

Minister of Tourism, Arts and Culture

Datuk Seri Tiong King Sing

Deputy Minister of Tourism, Arts and Culture

Khairul Firdaus Akbar Khan

Minister of Communications (a new ministry — split from Ministry of Communications and Digital)

Fahmi Fadzil

Deputy Minister of Communications

Teo Nie Ching

Minister of Education

Fadhlina Sidek

Deputy Minister of Education

Wong Kah Woh (new)

Minister of Unity

Datuk Aaron Ago Anak Dagang

Deputy Minister of Unity

Saraswathy Kandasami (formerly Deputy Minister of Entrepreneur Development and Cooperatives)

Minister in the Prime Minister’s Department (Religious Affairs)

Datuk Mohd Na’im Mokhtar

Deputy Minister in the Prime Minister’s Department (Religious Affairs)

Zulkifli Hassan (new)

Minister of Youth and Sports

Hannah Yeoh

Deputy Minister of Youth and Sports

Adam Adli Abd Halim

Minister in the Prime Minister’s Department (Federal Territories)

Dr Zaliha Mustafa (formerly Minister of Health)

Minister of Domestic Trade and Cost of Living

Datuk Armizan Mohd Ali (formerly Minister in the Prime Minister’s Department in charge of Sabah, Sarawak Affairs and Special Functions)

Deputy Minister of Domestic Trade and Cost of Living

Fuziah Salleh

Minister of Plantation and Commodities

Datuk Seri Johari Abdul Ghani (new)

Deputy Minister of Plantation and Commodities

Datuk Chan Foon Hin (formerly Deputy Minister of Agriculture and Food Securities)

Minister of Health

Datuk Seri Dzulkefly Ahmad (new)

Deputy Minister of Health

Datuk Lukanisman Awang Sauni

Minister of Digital (a new ministry — split from Ministry of Communications and Digital)

Gobind Singh Deo

Deputy Minister of Digital

Datuk Ugak Anak Kumbong (formerly Deputy Minister of Special Functions and Sabah, Sarawak Affairs)

Minister of Human Resources

Steven Sim Chee Keong (new)

Deputy Minister of Human Resources

Datuk Seri Abdul Rahman Mohamad (formerly Deputy Minister of Works) — Bernama

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Resolve people's issues quickly

New cabinet must prioritise tackling economic issues, say interest groups

PETALING JAYA: People’s issues – cost of living pressures, economic recovery and spurring investments – are the key issues that the new Cabinet must deliver amid a challenging 2024 outlook, say economic experts and business groups.

They say the new line-up must work fast to tackle the economic challenges, while delivering the promised key electoral and institutional reforms to demonstrate their capacity for governance.

Institute for Democracy and Economic Affairs (Ideas) chief executive officer Dr Tricia Yeoh said through the restructuring, the government is sending the signal that the issues of economy, health and cost of living are the key areas of focus, as seen in the new appointments.

She noted that the appointment of Datuk Seri Amir Hamzah Azizan as the Second Finance Minister in Prime Minister Datuk Seri Anwar Ibrahim’s latest Cabinet line-up has been “highly anticipated”.

The former EPF chief executive officer’s appointment is also likely to be welcomed by the market, given his strong corporate background, having been in Tenaga Nasional Bhd and MISC Bhd before joining EPF, said Yeoh.

“This appointment will strengthen the Finance Ministry’s policy execution and hopefully speed up the ministry’s plans towards fiscal consolidation,” she said.

Meanwhile, Yeoh said the new Domestic Trade and Consumer Affairs Minister Datuk Armizan Mohd Ali will have to focus on addressing cost of living issues, which has been the primary driver of dissatisfaction among voters in their perception of Anwar’s administration.

She also said the return of former ministers Gobind Singh Deo and Datuk Seri Dr Dzulkefly Ahmad to the Cabinet in their respective roles as Digital Minister and Health Minister was interesting as they had experience under the previous Pakatan Harapan administration.

Prof Dr Chung Tin Fah of HELP University said the new Cabinet must focus on delivering its manifesto promises, including bringing down cost of living, creating a more equitable social class, raising investment to grow the economy, and higher wages to share in growth prosperity.

“Investments and productivity are key drivers to help achieve these seemingly diverse goals,” he said.

Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said the government has to execute the promised reforms and policies to strengthen the country’s economic resilience against the still uncertain global environment in 2024.

“The government needs to rebuild trust with the people and businesses that it can deliver better outcomes through good governance and responsible fiscal management,” he said, adding that easing cost of doing business, creating a better investment climate, mitigating the higher cost of living, and generating better income jobs should be the economic agenda.

SME Association of Malaysia president Ding Hong Sing said economic development must be prioritised as the country’s economy has yet to improve while the cost of living continues to rise.

“In this regard, our expectations are high for the Second Finance Minister, Datuk Seri Amir Hamzah Azizan.

“With his extensive management experience in EPF, we believe he can play a crucial role in revitalising the national economy,” he said, adding that Hamzah must engage with the business sector and listen to industry suggestions before implementing policies.

“Ensuring the Minister comprehends the influence their policies may have on the business sector is pivotal. We must steer clear of any policies that could hinder our progress,” he said.

Ding also said that SMEs are more than willing to collaborate with the newly appointed Human Resources Minister Steven Sim to improve operations and drive the growth of the economy.

Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry president Nivas Ragavan said the reshuffling is expected to serve as a positive beginning for 2024, particularly in bolstering efforts to enhance economic growth.

The government’s immediate focus must now be to address issues such as unemployment, inflation and economic recovery, said Nivas.

“The foreign direct investments secured in 2023 by the Investment, Trade and Industry Ministry during the trade delegations to various countries especially China and the United States should be quickly realised in 2024 so that adequate employment, business opportunities in the supply chain, and significant growth of the gross domestic product can be attained.

“We also hope that the Cabinet will concentrate on more reforms in 2024,” he said.

Associated Chinese Chambers of Commerce and Industry of Malaysia president Tan Sri Low Kian Chuan said the new Cabinet must work to implement promised reforms and policies.

Low emphasised the necessity of improving income levels and mitigating the impact of the rising cost of living, as well as the importance of close cooperation between the ministries and civil servants to enhance public delivery of services, streamlining of business investment procedures, and the reduction in the overall cost of doing business.

Low added the new ministers should prioritise these key areas, acknowledging the pressing need to address the cost of living challenges that Malaysians face.

Malay Chamber of Commerce president Norsyahrin Hamidon said the country’s economy has not fully recovered and numerous SMEs continue to face significant challenges.

He hoped that the new ministers, especially the Second Finance Minister, would quickly inject their expertise towards economic recovery and the strengthening of businesses, though he added that it is important that the new Cabinet members be given six months to demonstrate their capabilities.

Boom time for Malaysian AI

PETALING JAYA: Artificial intelligence (AI) is set to be the next growth engine for the technology sector.

Stocks linked to this sub-segment of the tech space have seen strong gains this year.

Analysts believe the run has further legs to go with companies such as Nvidia Corp, Advanced Micro Devices and their related branded manufacturers in Taiwan such as Asustek Computer Inc gaining strong interest of late.

AI requires computing power that is used by graphics processing unit (GPU) in computers and they are the key to the training of neural networks, the enabler of AI.

Apart from powering computer games and graphics/video-intensive computers, GPUs help quicken the training of neural networks which are a key component of many algorithms enabling AI.

The two main GPU designers and makers in the world are Nvidia and AMD.

It appears that tech stocks on Bursa Malaysia have not caught up with the strong rally in the United States as the surge in interest since late last year are limited to makers of GPUs and their related companies.

There was much buzz last week on the local tech space with Nvidia founder and chief executive officer Jensen Huang dropping by several countries in the region including Malaysia to announce business ventures.

For Malaysia, Nvidia last Friday announced a data centre partnership and it also announced last Sunday it will set up a manufacturing base in Vietnam.

YTL Power International Bhdannounced a collaboration with Nvidia to deploy AI infrastructure with Nvidia H100 Tensor Core GPUs at its YTL Green Data Centre Park in Kulai, Johor.

YTL Power’s share price received a boost with this development and saw gains of almost 15% last week alone. The company is now considered an AI-linked firm by market players with this partnership.

SPI Asset Management managing partner Stephen Innes said the surge in share prices of AI-linked companies is just the beginning and investors have not fully digested the strong upside prospects of this latest development in the tech space.

“We are only seeing the tip of the iceberg on a decade-long transition to AI.

“Right now, most of the focus is on the companies making the tools necessary to power the AI revolution that appears to be fast descending upon businesses and, eventually, the broader economy,” Innes told StarBiz.“In the immediate sense, such a build phase may also benefit the ‘shovel providers’ of this ‘gold rush’ – the companies that provide the computing power and tools necessary to build the models needed to compete.

“For this year, at least, Nvidia has stood out as that hardware store on the prospecting hill,” he added.

Innes expects Nvidia will continue to trend higher and be trading at US$600 per share next year and over US$1000 in the longer term.

High-net-worth investor and former investment banker Ian Yoong Kah Yin said investor interest in the domestic tech sector will be AI-driven, moving forward.

“The listed companies in this space are YTL Power, ITMAX System Bhd and Straits Energy Resources Bhd YTL Corp and YTL Power, its subsidiary, are in data centres.

“ITMAX is in video surveillance and analytics. Straits Energy is into oil bunkering, telecommunications solutions and AI-enabling services,” Yoong told StarBiz.YTL, YTL Power, ITMAX and Straits Energy are trading at financial year 2024 price-to-earnings ratio (PER) of 10, 8, 19 and 10 times, respectively, he noted.

Meanwhile, Yoong said the wider local tech space on Bursa Malaysia is expected to remain in the doldrums in the first half of 2024, with recovery seen earliest in the second half of next year.

“The Bursa Malaysia Technology index currently commands an above-average valuation, with a forward PER multiples of 25 times. The historical average PER is 21 times.

“The semiconductor-based sub-sector is expected to report weak earnings in the next two to three quarters,” Yoong added.

Commenting on tech stocks’ performance on Bursa Malaysia, Rakuten Trade head of equity sales Vincent Lau said many Malaysian tech stocks appear to be stuck in a trading range.

“Fund managers are staying on the sidelines and I think they need to see fourth-quarter numbers first.

“Ours are lagging behind and only in the United States it seems to be doing well. Even in Hong Kong the tech sector is struggling,” Lau told StarBiz.However, a tech recovery is still on track and the fourth quarter might be supported by restocking activities.

He said how strong will the recovery be is still the main question.

“But in the AI space, it still has some legs to run while for electric vehicles, it continues to be another growth sector,” Lau said.

“We may be at a short-term bottom now, as I think it will be quite a firm recovery moving into 2024. We may be at an inflection point.”

On YTL Power-Nvidia partnership, RHB Research said it has a long-term positive view on this development.

“The project may also boost its data centre take-up rate in Johor.

“YTL Power’s earnings growth should strengthen upon the successful delivery of the project delivery in the long run but investors ought to take note that additional capital expenditure requirements ahead could be rather intensive,” it said in a note.

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Tenancy tales of horror, Cops may go after landlords who rent units to criminals; owners had the right to do monthly inspection, Law needed to lay out rights, responsibilities

Tenancy tales of horror - Sad state of affairs: A house owner checking the condition of his house after a tenant moved out in Puchong. — FAIHAN GHANI/The Star

PETALING JAYA: A businesswoman got the shock of her life when she received a call from the police asking her to go to her posh KLCC-facing condominium.

“When I arrived, I was stunned to see the unit in a wreck and that an illegal gambling centre had been operating from there.

“It was a nightmare. I had to go to the police station several times for my statement to be recorded.

“Not only that, I had to fork out a lot of money to clean up and repair my unit,” said the woman, who wanted to be known only as Shima.

She had not suspected anything amiss because her tenant – who claimed to be an engineer – was always prompt with his rent.

“This incident has given me a lot of anguish and stress. My unit has been empty for two years now. I just don’t dare rent it out again,” said the mother of two.

Shima admitted that she had not checked on her unit after renting it out as she respected her tenant’s privacy

A senior journalist was happy when he rented out his house to a young couple with two kids in May last year.

Everything had looked fine in the beginning, but things started to go wrong a few months into the tenancy.

The rent payment was erratic, with no money coming for several months, and when he decided to end the tenancy agreement, he was shocked to find that they had defaulted on the utility bills.

“They seemed like a decent couple with two young children when they first moved in, in May 2022. But after three months, the problems began.

“Every time, I called them for the payment, they had excuses. Business was slow, someone had died, someone was sick.

“In February this year, there was one payment and none after that. I waited until August before finally telling them to leave. They left in early November,” said the 65-year-old Penangite, who is based in the Klang Valley.

When he repossessed the house, it was in a total mess.

“The toilets were broken and dirty, with caked soap on everything. There were nails everywhere. The wiring was badly damaged.

“There were rats living in the house compound. It cost me close to RM5,000 to repaint and repair to make it look like a decent home again,” he fumed.

What was worse, he added, was the unpaid electricity bill since November 2022.

“Why was there no action taken by the utility company? I had to pay up as I could not trace the couple and they would not answer my calls.

“The water bill was also unpaid for at least six to seven months. After they vacated the house on Nov 21, Air Selangor sent a notice of disconnection if I did not pay up.

“So, I lost easily seven to eight months of rent money, and had to fork out another RM6,000 for bills and repairs. Now, I am very cautious about who I rent my house to or even if I should even rent it out at all,” he said.

Another apartment owner, who wanted to be known only as Zulkifli, no longer wishes to rent out his unit in Tanjung Bungah, Penang, after a bad experience a few years ago.

“I rented out my unit to a childless couple in 2015. They seemed nice and both were professionals.

“Their rent payment was good initially, but arrears started to pile up in the second year of their tenancy.

“After failing to pay the rental for two successive months, they suddenly moved out at the end of 2016,” he said.

Zulkifli, 40, said although he could offset the outstanding rental from their deposit, his unit was in a shambles.

“Most of the furniture was broken and the place was so dirty,” he said. 

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Cops may go after landlords who rent units to criminals

KUALA LUMPUR: Police want landlords who rent out their houses or apartments to criminals, including scam syndicates, to be held accountable.

Bukit Aman Commercial Crime Investigation Department (CCID) director Comm Datuk Seri Ramli Mohamed Yoosuf said they are pushing for the possibility of putting the liability on the owners.

“We have encountered many cases where such houses and apartments are being used as scam call centres.

“Recently, we detained more than 20 scammers, who rented several houses to operate as call centres.

“This has to stop,” he said in an interview yesterday.

Comm Ramli said while some syndicates are willing to pay a high rate of rent, owners and property agents must look past making a profit.

“Some syndicates are willing to pay up to six months in advance in rent but rationally, the owner or agent must think there is something wrong somewhere.

“In some instances, the syndicates would place 65 people in several housing units, in other instances, 20 people,” he said.

Kuala Lumpur police chief Comm Datuk Allaudeen Abdul Majid said most of the scam call centres raided in the city were located in luxury condominiums and apartments.

“It is bewildering that such criminals were allowed to operate in such prestigious locations, when in fact, it would be hard for regular people to even enter the premises.

“I have also instructed KL CCID to step up operations against the call centres in the city,” he said.

So far, KL CCID had conducted 1,311 raids on online crime syndicates in the city, he added.

“We have detained 855 people for their involvement in scam call centres between January and September this year.

“In the past two months, some 20 raids were conducted and 342 people were arrested,” he said.

Universiti Sains Malaysia criminologist Datuk Dr P. Sundramoorthy said landlords must be proactive and take full responsible for the action of their tenants.

“As the owner, your responsibility is not solely about rental. You are liable for the behaviour and action of your tenant,” he said, adding that owners had the right to do monthly inspection but without violating too much of their tenants’ privacy.

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Law needed to lay out rights, responsibilities

 

 

PETALING JAYA: It is time to push for the tabling of the Residential Tenancy Act (RTA) to better clarify the responsibilities of landlords and tenants, say property agents.

Malaysian Institute of Estate Agents president Tan Kian Aun said the country needs more specific legislation on tenancy agreements, adding that the current situation often left landlords and tenants without a clear legal framework on their rights and responsibilities.

“The proposed RTA aims to regulate and standardise the relationship between landlords and tenants,” he said in an interview.

The Act, said Tan, would serve as a comprehensive guide, eliminating the need for individual tenancy agreements that often resulted in varied terms and conditions.

“Unlike the existing practice, the Act would set standardised rules, specifying legal and illegal activities for tenants and landlords.“This would address illegal activities, immoral behaviour and law violations within the rented premises,” he said.

On March 29, 2023, Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir told Parliament that the RTA, which is aimed at addressing rental property issues, would be tabled in Parliament next year.

The ministry, he said, is currently conducting a study on drafting the Act.

Tan said currently, there is also no specific legal provision for authorities like the police to intervene in cases of tenancy disputes, which would typically fall under civil jurisdiction, requiring the affected parties to pursue legal action for breach of contract.

The Act, he said, should also empower the relevant authorities to take appropriate action in cases of criminal activities.

Before the RTA comes into effect, Tan suggested landlords engage with tenants to first establish evidence that they are unaware of any illegal activity or “alternate uses” of their property.

“When tenants inquire about permission for activities such as gambling, landlords must refuse and retain evidence of their conversation. We often advise landlords to do this to protect their rights,” he said.

Property agents also play a crucial part by conducting thorough background checks on tenants, such as criminal records and solvency to ensure that they are not bankrupt, he added.

“We also verify employment status, request documentation such as visas and employment letters for foreigners, and scrutinise income details,” he said.

Lawyer Eric Choo advised landlords to protect themselves by ensuring that their tenancy agreements explicitly state the purpose of property use as well as the prohibition of illegal activities.

“These crucial clauses, typically included in tenancy agreements prepared by qualified lawyers, help safeguard landlords from being implicated in any criminal activities carried out on their premises,” he said.

Landlords, stressed legal counsel Marcus Tan, must lodge a police report upon discovering that tenants had been using their property for criminal activities.

“Failure to do so may result in the landlord being perceived as part of or even abetting the criminal activities.

“Without a formal tenancy or lease agreement, landlords may struggle to explain the situation to the police, potentially leading to suspicion and legal complications.

In Penang, state local government committee chairman Jason H’ng Mooi Lye said action could be taken against bad tenants under Section 70 (12) of the Road, Building and Drainage Act 1974.

“They need to be given 30 days to move out. If they fail to comply, they can be hauled up to court.”

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Landlords and tenants must take care of their rental properties

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The meaning of longevity and purposeful living

 

Munger is just as highly regarded as Buffett because the values they espouse have become a long-standing guide to value investors, including myself. — Reuters

It's imperative to make a conscientious effort to do good

JUST last week, we witnessed the passing of two towering figures – investing legend Charlie Munger and iconic US Secretary of State Henry Kissinger.

Both are centenarians, with Munger living to 99 years and Kissinger at 100 years.

Apart from their longevity, what’s remarkable about both the gentlemen was their sharp mental acumen during their ripe old age and continuous influence on society right up to their last days.

As obituaries poured in across the media, we could see their overwhelming contribution in charting the course of world history in their respective sphere of influence.

Not many people are blessed with good health that can last a century.

Incidentally, Munger and Kissinger were able to lead both long and meaningful lives.

Time is precious because life is fleeting, but from their lives, I learnt what’s most important is not solely about longevity but also a life of purpose.

Knowledge for the next generation

Most would know Warren Buffett instead of Munger. Some say their relationship is akin to Batman and Robin. However, it is important to know that Berkshire Hathaway would not be where it is today without Munger’s existence and the role he played. In the world of investment, Munger is just as highly regarded as Buffett because the values they espouse have become a long-standing guide to value investors, including myself.

Just as Benjamin Graham who came before Buffett, his book helped mould the idea of value investing for the subsequent generations. Of course, there is no example of a better student that lived out his entire lifetime based on the knowledge imparted by Graham.

The imprint left by Munger on the investing world is no less significant than Buffett. He had the hand in convincing Buffett in looking beyond the United States towards China and taking an early stake in BYD worth Us$230mil in 2008 which has since grown in value to Us$2.4bil as of October 2023.

This was among the most successful investments that Berkshire Hathaway made in recent decades delivering 10 times in returns over 15 years.

This investment is significant because BYD is not only the leading battery manufacturer in the world today, but also the largest electric vehicle (EV) manufacturer in terms of volume sold in China, championing the EV supply chain and green agenda in the world’s most populous economy. Globally, BYD’S EV sales is just behind Tesla.

In Munger’s own words, “I have never helped do anything at Berkshire Hathaway that was as good as BYD and I only did it once.”

Furthermore, I respect Munger for often being willing to speak the truth even if it is contrarian to the sentiment of the day

Unlike most Americans, Munger often gave credit to China’s communist government in its effort of growing the economy, executing national policies and plans while lifting the people from hardcore poverty. Another classic example was Munger’s open criticism of cryptocurrency during its speculative rally to dizzying heights attracting much irk from the youths.

‘Tang Ping’ phenomenon

We are increasingly seeing the youth of today embark on a series of passive aggressive resistance movement which is unheard of prior to this decade.

“Tang Ping” is a Chinese slang that means lie down flat and get over the beatings, which is a direct rejection of societal pressure to achieve certain definition of success as per the norm.

Due to an entrenched culture of overworking yet not being able to achieve the desired level of achievements, youths in China opted for the “Tang Ping” way of life rather than to continue to strive.

It started getting popular during the pandemic years and was further exacerbated across social media as many struggled to achieve upward mobility in society for which they had long hoped.

In the United States, a similar counter-culture approach was observed, as those in workforce pivoted towards “quiet-quitting”.

In this case, employees of companies choose to do just enough to get by without getting fired and avoid working towards achieving their personal and companies’ goals.

While it is said this phenomenon is prevalent in developed economies and highly competitive society, in my observation, certain youth in Malaysia are welcoming such approach which can be seen in across social media feeds.

This is highly disconcerting. I do not deny the importance of enjoying life beyond pursuits of material possessions.

I also agree about valuing family time especially because life is short.

However, while time is precious, and tragedies of life are unfortunate, these premises cannot be used as the excuse to not work hard in life or to try to make living a lifetime a meaningful one.

This is especially when many good people with extraordinary talent are left undiscovered because they choose to lie low or refuse to make the effort to compete.

This will give room to foster a more elitist society, which comprises those who come from a powerful or privileged background.

Some of these people may lack virtues such as integrity or morality but they will end up ruling the world if those who come from the less fortunate background choose not to challenge the status quo and opt for “Tang Ping”. It ends up being a vicious cycle.

Finding purpose in life

The focus of today’s column is not to preach the right way of life but to offer a perspective on the ongoing phenomenon that is fast becoming popular among the youth. This affects the economic development of a nation and the progress of a dynamic society.

Everyone is entitled to live in the manner he or she chooses. It is hard to judge or pass a comment without knowing what others have been through.

Yet, finding meaning or purpose in life is more important than anything else because it will set the path of which one chooses to live for the rest of their life.

If one does not have any interest in the pursuit of monetary rewards, a career in giving back may be more fulfilling. That is why we see professions such as teachers, nurses and journalists exist.

Regardless of the path that one takes, it is imperative to make the conscientious effort to do good in whatever capacity we are.

Even as a businessman, entrepreneur or fund manager, corporate social responsibility or environmental, social and governance efforts should not be a branding initiative to win the public’s recognition.

Branding and showmanship should not be the factors that go into the thought process when choosing to do good. For an individual and a business alike, many hope to last beyond three generations.

However, it is important to remember that longevity should always come with a purpose.

Only then will it be meaningful.

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Experts warn of scams on WhatsApp

 

CyberSecurity M'sia warns of impersonation, scam activities on WhatsApp

CSM said there were fraudulent activities using the application, with the perpetrator posing as someone known to the victim before sending a link and asking the victim to click on it. — AP

KUALA LUMPUR: Beware of scammers exploiting the WhatsApp application for impersonation activities and deceiving victims into transferring money, CyberSecurity Malaysia has warned the public.

It said there were fraudulent activities using the application, with the perpetrator posing as someone known to the victim before sending a link and asking the victim to click on it.

ALSO READ: ahmi: Ministry to ask Meta about rise in WhatsApp scams

The victim will subsequently lose access to their WhatsApp account once it was done.

“The scammer will then take over the hacked WhatsApp account and use the victim’s identity to commit fraud.

“They will impersonate the victim by sending messages to the victim’s contacts via the WhatsApp account,” CyberSecurity Malaysia said in a post on Facebook, Bernama reported.

It said scammers would inform the contacts that the victim is in an emergency and needs financial aid or a loan to help them out of the crisis and promises to make a repayment.

In such a situation, the victim’s contacts will be misled and believe their friend sent the message and end up losing money.“We advise people not to click on any link received via WhatsApp. Do not make any money transfer until you have confirmed and verified with your contacts,” it said.

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Fighting chance to beat scammers

The telltale signs of a scam, Macau scams: Spot, avoid and report scammers; It’s all in the details

Hackers in your heads, Cybercriminals preying on gullible