EP144 | ‘Right-sizing’ Petronas, Urban Renewal Act (URA), Tarif Semikonduktor, Pemilihan DAP & PBB

EP144 | ‘Right-sizing’ Petronas, Urban Renewal Act (URA), Tarif Semikonduktor, Pemilihan DAP & PBB

Brief Summary

This episode of "Keluar Sekejap" discusses several current events in Malaysia, including Petronas's "rightsizing" exercise, the Urban Renewal Act (URA), the potential for US tariffs on Malaysian semiconductor exports, and recent political elections in Sarawak and DAP. The episode also touches on the role of the Malaysian government in responding to these issues and the importance of transparency and accountability in decision-making.

  • The episode highlights the challenges faced by Petronas, including the changing global oil and gas industry, rising costs, and the need to address sustainability concerns.
  • The URA is discussed in detail, with the hosts exploring the potential benefits and drawbacks of lowering the approval threshold for urban renewal projects.
  • The episode examines the potential impact of US tariffs on Malaysian semiconductor exports and the government's response to this issue.
  • The hosts discuss the recent elections in Sarawak and DAP, highlighting the generational shift in leadership and the potential for political change.

Intro

The episode begins with the hosts, KJ and Shahril Hamdan, discussing the upcoming Ramadan holiday and the importance of worship during this time. They then transition to the topic of Petronas, a national oil company in Malaysia, and the recent announcement of a "rightsizing" exercise.

‘Right-Sizing’ Petronas

KJ and Shahril discuss the challenges facing Petronas, including the changing global oil and gas industry, rising costs, and the need to address sustainability concerns. They explain that the "rightsizing" exercise is intended to ensure that Petronas is "fit for purpose" in the current environment. They also discuss the potential impact of this exercise on jobs and the need for government intervention to support affected workers.

Akta Pembaharuan Semula Bandar (URA)

The hosts discuss the Urban Renewal Act (URA), a proposed bill that aims to lower the approval threshold for urban renewal projects in Malaysia. They explain that the current law requires 100% consent from strata owners for an en bloc sale, which has made it difficult to redevelop old buildings. The URA proposes to lower this threshold to 80% for buildings less than 30 years old, 75% for buildings more than 30 years old, and 51% for abandoned buildings. They discuss the potential benefits and drawbacks of this proposal, including the potential for gentrification and displacement of low-income residents.

Tarif Industri Semikonduktor

KJ and Shahril discuss the potential for US tariffs on Malaysian semiconductor exports. They explain that Malaysia is a major exporter of semiconductor chips to the US and that tariffs could have a significant impact on the Malaysian economy. They also discuss the government's response to this issue, including the possibility of ASEAN playing a role in mediating the situation.

Pemilihan PBB

The hosts discuss the recent elections in the United Bumiputera Party (PBB), the main party in Sarawak. They explain that the current Premier of Sarawak, Dato' Patinggi Tan Sri Abang Johari, was re-elected as president of the party. They also discuss the election for vice-president of the Bumiputera wing of the PBB, which was won by Dato' Ibrahim Baki.

Pemilihan DAP

KJ and Shahril discuss the upcoming elections in the Democratic Action Party (DAP). They explain that there is a generational shift in leadership within the party, with several veterans stepping down. They also discuss the potential for a proxy war between the new generation of leaders, led by Anthony Loke and Nga Kor Meng, and those who are close to the family of Tan Sri Lim Kit Siang.

Syed Saddiq Jadi Model

The hosts discuss the recent controversy surrounding Syed Saddiq, a former Malaysian Minister who is now an independent Member of Parliament. They explain that Saddiq has been criticized for having to become a model to raise funds for his constituency. They also discuss the issue of parliamentary allocations and the need for transparency and accountability in the distribution of these funds.

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