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