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Monday 29 February 2016

Penang is best for property investment in Malaysia

Penang has dislodged Kuala Lumpur's Golden Tringle as the top investment choice




GEORGE TOWN: Penang has now overtaken the Klang Valley as the most attractive place for property investment.

In its Malaysia Commercial Real Estate Investment Sentiment Survey 2016, global property consultancy Knight Frank Ma-laysia said the state had dis-lodged Kuala Lumpur’s Golden Triangle as the top investment choice.

Penang garnered 67% of the overall responses while the Golden Triangle slipped to fourth position with 49%, finishing behind KL Fringe/ Klang Valley (56%) and Johor/Iskandar (55%).

The survey took litmus test for insights and preferences of key players namely fund managers, developers and lenders in the commercial sector for the Year 2016.

It targeted 700 respondents in senior management levels across the property industry.

Half of them (55%) were deve-lopers while the rest were commercial lenders (24%) and fund or real estate investment trust managers (21%).

Last week, George Town was picked as the sixth ‘Best place to retire abroad in 2016’ by CNN Money.

Source: Knight Frank Malaysia/The Star


That’s Right, Penang Just Beat KL To Become The Top Choice For Investments

 It appears that more people are keen to invest in Penang than in Kuala Lumpur, as a survey by Knight Frank Malaysia shows that Penang garnered over 67 percent of the overall response.

The survey also revealed that Kuala Lumpur Central Business District (CBD) (Golden Triangle), which was the top investment choice in 2015, was dethroned and dropped to the fourth ranking with 49 percent of the responses, coming after Kuala Lumpur Fringe/Klang Valley (56 percent) and Joh

Sunday 28 February 2016

Information is power, overloaded, who and where can we trust?

A global survey gauging trust in society finds that people of a feather really do flock together.






THE person you see in the mirror is the most trusted.”

No, that is not a self-help mantra or nostalgia for Michael Jackson’s old hit Man in the Mirror.

Rather, as the 2016 Edelman Trust Barometer reveals, that is a common belief in the world when it comes to trust.

People now are increasingly reliant on a “person like yourself” (rising 6% in trust) more than the “leaders” of society like CEOs, government officials, technical experts or even academic experts, according to global communications firm Edelman’s annual survey that measures trust levels in the world.

Says Edelman Malaysia managing director Robert Kay, it reflects the way people in Malaysia are increasingly sharing and weighing information and opinions online.

“When it comes to information on social networking sites, content sharing sites and online-only information, Malaysians trust friends and families more at 74% compared to a company CEO at 57% or elected officials at 53%,” shares Kay at the launch of the Barometer in Kuala Lumpur last Tuesday.

For its fifth survey in Malaysia, Edelman polled 1,350 Malaysians online from October to November last year.

What some might find surprising is that in today’s celebrity-obsessed world, online personalities rake in only 45% “believers”, while celebrities rank last in their trustworthiness at 30%.

Interestingly, Malaysians’ overall trust in online content, specifically that shared on social media has dipped seven points to 42%.

Kay points to the rampant sharing of misinformation online in the past year as the main reason.

Consequently, search engines hold their lead as the most trusted source for information at 66%, he adds, as people feel they have more control over what they read and see.

The rise in peer-to-peer trust inevitably coincides with the decline in public faith in public institutions and the business world.

Faith in the press among the “informed public”, however, has jumped 13% – from 46% last year to 59% this year.

Asked how much they trust the media – on a scale of zero to nine – to do the right thing, Malaysian citizens say they have a lot more faith in the press than before.

This, says Edelman, puts Malaysia’s more informed citizens’ trust in media at the same level as the elite of the United States.

“Malaysia has one of the biggest rises in media trust among the informed public globally, possibly due to the constant coverage of alleged corruption at 1MDB,” Kay notes, stressing that it is crucial for the media to continue pursuing rigorous, balanced and transparent reporting to maintain credibility.

While the survey did not distinguish between trust in local and international media, the trust in the media in Asia highlights the perceived role of the media in this region, Edelman Asia Pacific, Middle East & Africa CEO David Brain reportedly said in Mumbrella Asia, a discussion site on the region’s media.

“The media – through Western eyes – is expected to keep politicians to account, but in Asian countries such as Singapore and Malaysia, there is ‘a social contract that the role of the media is about nation building’, and less about revealing the truth,” Brain had explained.

In a panel discussion on the Barometer results, The Malaysian Insider CEO Jahabar Sadiq points out that even as trust in business captains and political leaders fell, those who are perceived to be critical and caring of society and are vocal on social media, such as CIMB group chairman Datuk Seri Nazir Razak and former Cabinet minister Tan Sri Rafidah Aziz, are deemed as “trustworthy”.

Comparing Malaysia to Britain and the United States, Umno Youth exco member Shahril Hamdan suggests the dip in public trust towards the government is a natural development as the nation matures.

“As democracy matures, the cynicism level of people toward the government increases.

“Regardless of how the government communicates or performs, people will put less trust in the government and its leaders.”

Maxis Malaysia Head of Consumer Business Dushyanthan Vathiyanathan believes that it is time for public institutions and the business sector to transform and engage more with people.

“People now are interested in knowing what is happening and not in what you tell them.

By Hariati Azizan The Star/Asia News Network

“You have to be transparent with them and inform them of anything and everything. That’s because now they have information and do their checks.”

Related:

Panel Discussion of the 2016 Edelman Trust Barometer for Malaysia



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Saturday 27 February 2016

Beijing is home to the world's most billionaires, edging New York City out

 
Night view of Central Business District with the new CCTV Tower, right, and other skyscrapers and high-rise office buildings in Beijing. Beijing is home to the world's most billionaires, pushing New York City out of the top slot. [Photo/IC]

Story Highlights:

--Beijing is home to 100 billionaires

--Wang Jianlin of Dalian Wanda is the richest Chinese

--China overtakes the US with the most billionaires

Beijing is home to the world's most billionaires, pushing New York City out of the top slot it had held for years, according to a Shanghai-based research and media outlet that keeps track of the world's wealthiest.

Despite a slowing economy, the Chinese capital added 32 billionaires, bringing its total to 100 and New York added four, giving it 95 billionaires, according to the Hurun Global Rich List 2016.

Moscow came in third with 66, and Hong Kong and Shanghai came in fourth and fifth with 64 and 50, respectively, Hurun said in its ranking of US dollar billionaires as of Jan 15.

Wang Jianlin of Dalian Wanda, one of China's top real estate developers, was the wealthiest Beijing resident with a net worth of $26 billion.

New York's top billionaires were businessman David Koch and Michael Bloomberg, the city's former mayor and media company owner. His wealth increased $16 billion to $37 billion, according to Hurun. Another city resident whose wealth increased is Republican presidential hopeful Donald Trump. He added $5 billion to go to $6.5 billion.

While China has passed the US with the most billionaires, the Hurun report noted that none of the richest billionaires are from China. Eight of the world's 11 wealthiest, including Microsoft founder Bill Gates, the world's wealthiest with $80 billion, Berkshire Hathaway's Warren Buffett, Amazon's Jeff Bezos and Facebook's Mark Zuckerberg are from the US.

And the combined net worth of US billionaires is still nearly double that of Chinese billionaires, for a total of $2.4 trillion, just a little less than the GDP of France, according to the report.

Rupert Hoogewerf, the founder of Hurun, said initial public offerings are behind the rapid expansion of Chinese wealth.

In October, China overtook the US for the first time as the country with the most billionaires within its borders. About 568 billionaires now live in China and 535 in the US.

Hoogewerf said the number of billionaires for the rest of the world was held back by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices. - China Daily/Asia News Network


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English not only language of science and mathematics

The Malaysian Education Ministry should review the way English is taught and find ways and means to improve it, rather than rehashing the failed PPSMI in the guise of the DLP


SINCE my name was mentioned in the letter “A common medium” (The Star, Feb 18) by Datin Noor Azimah on the Dual Language Programme (DLP), I would like to respond to some of the issues raised by her on why we should continue the DLP.

First of all, I beg to differ with Noor Azimah’s notion that English is the only language of science. All her arguments about the dominance of English in scientific communications merely show that English has become the de facto communication language of science but not the only language in which established science could be taught and new science could be discovered.

Major scientific discoveries of the 20th century such as the Relativity Theory of Einstein that has enhanced our understanding of the huge expanse of space in the universe and the Quantum Theory of Heisenberg and Bohr that let us understand properties of the very tiny nanoscale structures and of atoms, were discovered in German, the language of the discoverers and not in English.

Both theories underlie almost all subsequent scientific discoveries including the very recent discovery of gravitational waves by LIGO that vindicated Einstein’s Relativity.

According to the Princeton historian of science, Prof Michael Godin in his new book, Scientific Babel, English became the dominant language of scientific communication only recently, in the last 60 years, at the expense of the previous triumvirate of scientific communication languages, English, French and German.

The Anglicization of scientific communication started much earlier by the boycott of German scientists by Western European and American scientists who published in French and English in between the World Wars. German science was further decimated by the defeat in the Second World War and many German scientists were brought over to work for America and to use English in their work.

The dominance of the United Kingdom and American publishers in scientific publications after the War squeezed out French as a scientific communication language and literally forced the English language down the throat of the scientific community, who otherwise would have continued to publish in either German, French or English as was the practice before the War. As a world-ranked scientist at the top of my own field as attested by Thomson Reuters’ World’s Most Influential Scientific Minds 2016, and as a professor in chemical engineering for 36 years at Universiti Kebangsaan Malaysia (UKM), I have taught many generations of Malaysian chemical engineers in Bahasa Melayu and have supervised successfully many MSc and PhD students, who used Bahasa Melayu in the practice of world class science in UKM’s labs and in the reporting of the scientific results in their thesis.

External examiners from other universities in Malaysia were amazed and surprised but enthusiastic that world class science could be done and reported in Bahasa Melayu very well. The students then rewrote their research results in English for publication in world renowned journals.

Hence, English does not contribute anything to the science but merely as translations or rewrites of it. Since the MSc and PhD students are among the brightest of the lot, they have no problem in communicating their scientific results in Bahasa Melayu or English at international conferences with confidence because their scientific works are world class.

Renowned scientists look for the science not the language in their presentations and papers because scientific talent is rare and far between whereas the language of communication can be easily learned on the job.

Their scientific education in Bahasa Melayu at UKM did not prevent many of my students from going on to become successful professional engineers in industry and excellent lecturers and world class scientists with many of them becoming professors and world leaders in their fields of research.

One of them in particular, Prof Dr Siti Kartom Kamarudin, a true blue alumnus of UKM who graduated from UKM with BEng, MSc and PhD all in Bahasa Melayu, is also sharing the same accolade with me as one of the World’s Most Influential Scientific Minds 2016.

The Malaysian PhD candidate at Glasgow University from the International Islamic University Malaysia, Hafizah Noor Isa who was involved in the seminal detection of gravitational waves recently, was taught science in Bahasa Melayu in primary and secondary school. Her Bahasa Melayu background does not impair her ability to do world class science at all.

I am sure this is also true for many science and mathematics teachers and professors all over the country, who have taught tens of thousands of students, science and mathematics in Bahasa Melayu before PPSMI, and whose students have become very successful in their chosen fields.

The fact that we have produced so many successful professors, engineers, medical doctors and scientists varying in age from 25 to 55 years old, who were taught science and mathematics in Bahasa Melayu before the PPSMI speaks volumes for itself. The logic that if only one is taught science and mathematics in English then one would be more successful in later life is a fallacy.

If this were to be true, then no Japanese, Korean and now Chinese technopreneurs would have succeeded as they apparently had with world-class brands without learning science and mathematics in English in their schools and universities.

Learning English through science and mathematics, I am sure every educator worth his salt agrees, is not the most appropriate way of learning a language. There is no evidence whatsoever that English proficiency is increased if English is used to teach science and mathematics.

On the other hand, there is abundant evidence to the contrary. The disastrous PISA and TIMMS results of 2012 where Malaysian students were behind other non-English speaking countries clearly demonstrated the failure of PPSMI because the Malaysian students who took the test were taught science and mathematics in English under the PPSMI (See more on related posts below).

Vietnamese students who were weaker in English fared a lot better than Malaysian students who were better in English. Why do we want to resurrect a programme that has clearly failed spectacularly? If the objective is to be proficient in English, then the right way to achieve it is to strengthen the teaching of the language by having better ways of teaching it in schools.

The Education Ministry should review the way English is taught and find ways and means to improve it, rather than rehashing the failed PPSMI in the guise of the DLP.

I think many people like Noor Azimah who wrote passionately about the DLP issue neglect to tell us or probably do not know the kind of science and mathematics learnt by our children in schools all over the world. Science and mathematics taught in schools are established scientific and mathematical knowledge that have been accepted by consensus of most scientists and mathematicians at that point of history. It should not be confused with new cutting-edge science and technology that a scientist and a professor like me has to deal with every day in my scientific work.

Established science and mathematics change very slowly because new scientific discoveries that would become established knowledge is rare and far between.

On the other hand, cutting-edge science changes rapidly as new theories are being postulated to explain newly discovered phenomena, which are accepted or discarded after undergoing rigorous scrutiny by the scientific community. There is no need for our children in schools to learn cutting-edge science because understanding it requires the scientific knowledge of a professor.

Not many people know that established science and mathematics have already been translated into Bahasa Melayu in numerous textbooks for primary and secondary schools as well as for universities published by Dewan Bahasa dan Pustaka (DBP) and the premier universities, Universiti Malaya, UKM, Universiti Sains Malaysia,Universiti Teknologi Malaysia and Universiti Putra Malaysia over the past 40 years.

All scientific terms in all fields are already available at the Persuratan Melayu web page of the DBP. Our children can easily gain scientific knowledge by reading them.

Even fewer know that the discovery of new cutting-edge science and mathematics in Bahasa Melayu is growing at the international level over the last few years with the indexing of bi-lingual Bahasa Melayu-English scientific journals such as Sains Malaysiana by major international scientific journal indexing services such as the ISI and SCOPUS! Now scientists from all over the world can access cutting-edge scientific knowledge in Bahasa Melayu.

The whole idea of learning science and mathematics in the mother tongue is not only simply about language patriotism as has been alleged by Noor Azimah elsewhere. The central issue lies deeper than mere patriotism. It is more about being able to create new scientific knowledge from a deeper understanding of science and mathematics, which can only be achieved by learning it in the mother tongue.

I am sure we are all familiar with the history of how both the great Islamic and the European civilisations first translated and then independently created scientific and mathematical knowledge of their own in their own languages.

No country in the world that is ahead in science and technology ever teaches its children science and technology in a foreign language.

By PROF DATUK IR DR WAN RAMLI WAN DAUD President

Former Founder Director & Principal Research Fellow Fuel Cell Institute, UKM

Prof of Chemical Engineering, UKM

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Malaysia's Vision 2020: Falling apart with alarming speed; Dr M is creator and destroyer, said Musa
KUALA LUMPUR: Former Deputy Prime Minister Tun Musa Hitam said Malaysia’s Vision 2020 objective was “falling apart” with “alarming speed”... 


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Wednesday 24 February 2016

Malaysia's Vision 2020: Falling apart with alarming speed; Dr M is creator and destroyer, said Musa


KUALA LUMPUR: Former Deputy Prime Minister Tun Musa Hitam said Malaysia’s Vision 2020 objective was “falling apart” with “alarming speed”, and he blames Tun Dr Mahathir Mohamad for it.

In his keynote speech at an event to mark the sixth anniversary of the Institute for Democracy and Economic Affairs (Ideas), Musa said this was because the former premier did not train leaders but instead chose to retain and train followers instead.

“It is ironic that Dr Mahathir’s vision is now certain to fail because of Dr Mahathir himself.


“Brilliant as he was, he forgot that in order to succeed he needed to train leaders at all levels, but most importantly, political leaders.

“But his personal leadership record shows that he did away with all potential leaders, and retained and trained followers,” Musa said in his speech.

He said in the last few years, the behaviour of certain people in government and politics seemed to be based on struggles which prioritised personal survival.

“By now, we should just be about ready to cross the line of definition from ‘developing’ to ‘developed’.

“Unfortunately, though, it seems to me that the 2020 dream is falling apart with alarming speed,” he said.

Musa was Dr Mahathir’s deputy from 1981 to 1986, when he resigned due to differences with the then Prime Minister.

He then joined forces with Tengku Razaleigh Hamzah who mounted a challenge to Dr Mahathir’s position as Umno president in 1987. Dr Mahathir retained his position with a narrow majority of 43 votes at the Umno election.

Ideas chief executive Wan Saiful Wan Jan, in his speech said that the institute’s mission has been the same throughout its six years.

“It is to improve the level of understanding and acceptance of public policy based on the principles of rule of law, limited government, free markets and individual liberty”.

Ideas was set up on Feb 8 to coincide with the birth date of Tunku Abdul Rahman, who died on Dec 6, 1990 at the age of 87.

Musa Hitam: Dr M is creator and destroyer of Vision 2020  

PETALING JAYA: Former prime minister Tun Dr Mahathir Mohamad was both the creator and destroyer of Vision 2020, according to Tun Musa Hitam (pic).

Musa, who was the deputy prime minister from 1981 to 1986, said his ex-boss had undone the dream when he chose to remove potential leaders and train followers instead.

"Those followers ended up taking over the leadership of the country after he left office," he added.

"It is ironic that Dr Mahathir's vision is now certain to fail because of Dr Mahathir himself.

"Brilliant as he was, he forgot that in order to succeed, he needed to train leaders at all levels, but most importantly, political leaders.

"His personal leadership record shows that he did away with all potential leaders and retained and trained followers! It is mostly these trained followers that had taken over the leadership of the country," Musa said on Saturday.

He was speaking at a special function commemorating the 113th birthday of the nation's first prime minister, Tunku Abdul Rahman, organised by the Institute for Democracy and Economic Affairs (Ideas).

Musa said Malaysia was in its current state because of the failure of leadership, adding that the followers Dr Mahathir had groomed in his 22-year tenure were not coordinated in administering the country.

"These trained followers are dedicated and loyal to whoever sits at the very top. They need to be, in order to survive.

"It seems to me that the 2020 dream is falling apart bit by bit but with alarming speed. The way it is, I am now certain that we will not reach our goal of Vision 2020," he said.

Vision 2020 was introduced by Dr Mahathir in 1991, ten years into his tenure as prime minister, as an objective for Malaysia to attain fully-developed nation status by 2020.

The goal has remained a key objective of his successors, including present Prime Minister, Datuk Seri Najib Tun Razak.

Dr Mahathir, a fierce critic of Najib, however, claimed last year that the current administration would not succeed in achieving Vision 2020.

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