Lowyat.NET: Latest topics by Murrowping

RM25 Maggi Pistachio Gepuk, will you try?

Murrowping — Fri, 05 Jun 2026 13:47:59 +0800

[tiktok]7646473797863886100[/tiktok]

delicious and worth it

Do you envy friends/relatives who work overseas?

Murrowping — Fri, 05 Jun 2026 10:55:23 +0800

We all have friends and relatives who work in other first world countries esp australia, singapore, hk, middle east, uk and US.

Honestly speaking, though i fare quite good in malaysia, i still have a strong envy feeling towards them. Of course, it's the amazing high pay and opportunity to see the world from a bigger lens.

I always feel down when i meet them during cny or when we join for a lunch or dinner. They always say how good their life is, how great their pay is. I am suffering deep inside and i always feel like a loser not searching for overseas job that pays 5-6x easily.

What about you? Do you feel ignorant or jealous?

SpaceX IPO set to be biggest ever, Elon can be tri

Murrowping — Fri, 05 Jun 2026 08:23:57 +0800

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

NEW YORK – SpaceX says it plans to raise up to US$75 billion (S$96.3 billion) when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire.

The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at US$135 a piece in an initial public offering.

The estimated proceeds would easily top the US$26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of US$1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at US$5.2 trillion.

Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have.

As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4 per cent of the voting power in the company.

Forbes currently values Musk's net worth at US$826 billion and his stake in SpaceX at US$542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of US$1.25 trillion. Based on those numbers, a US$1.77 trillion valuation for SpaceX would boost Musk's net worth by US$223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in.

Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on US$18.7 billion in revenue, and the losses kept piling up at the start of this year, too.

Fantastical plans
Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale.

Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars.

In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs."

Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots.

Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year.

AI plays a key role
Key to the success of both companies – and any merged entity – is artificial intelligence.

In its IPO filing, SpaceX says it sees potential revenue from AI of up to US$26.5 trillion. But that depends on another lofty Musk ambition – putting data centres in space, which is not technologically possible at the moment.

Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals.

Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna.

Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for US$60 billion later this year.

Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT.

SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments.

The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week.

And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the US Securities and Exchange Commission to officially start its own IPO clock.

OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected.

"This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote.

EPF Holds Nvidia, Apple & Micron, Best Stocks Now

Murrowping — Fri, 05 Jun 2026 08:10:41 +0800

EPF Holds Nvidia, Apple & Micron, Some Of The Best-Performing US Stocks Right Now. Here’s What It Means For You

Every time Nvidia's share price moves by USD 1, the value of EPF's Nvidia position changes by approximately RM27.02 million.

Most Malaysians know their EPF money earns a dividend each year. Far fewer know that EPF files a quarterly disclosure with the US Securities and Exchange Commission listing every US-listed stock it owns.

This document, called a Form 13F, is publicly available on the SEC website. And EPF’s Q1 2026 filing tells a very clear story: your retirement fund owns more than USD 12.3 billion in US stocks, with Nvidia and Microsoft as the two largest positions.

Every time Nvidia’s share price moves by USD 1, the value of EPF’s Nvidia position changes by approximately RM27.02 million.

Every time Microsoft moves USD 1, it is approximately RM13.11 million. When US tech stocks move, 16 million Malaysian members feel it, with a lag, in their annual dividend.

The verified holdings: EPF’s top US stock positions (Q1 2026)
The following data comes directly from EPF’s SEC Form 13F filing for the quarter ended 31 March 2026. All values are in USD at the time of filing.

Source: EPF SEC Form 13F filing Q1 2026 (filed under entity 1600177). RM values converted at USD 1 = RM4.00. This covers US-listed equity positions only. Full global portfolio is significantly larger at RM1.41 trillion total.

Other notable holdings in the filing
Beyond the top 10, the Q1 2026 filing reveals a portfolio that reads like a comprehensive bet on global megatrends.

The holding list includes CrowdStrike (cybersecurity), Palo Alto Networks (cybersecurity), ServiceNow (enterprise AI software), Datadog (cloud monitoring), Intuitive Surgical (medical robotics), ARM Holdings (chip architecture), Applied Materials (semiconductor equipment), Synopsys (chip design software), Netflix, Nike, Uber, Quanta Services (electrical infrastructure), and NextEra Energy (clean energy).

This is not a passive index fund.

EPF holds targeted positions in specific companies across multiple growth themes:

AI infrastructure (Nvidia, Microsoft, AMD-adjacent names),
Semiconductor supply chain (Micron, Applied Materials, Synopsys)

Cybersecurity (CrowdStrike, Palo Alto), healthcare innovation (Eli Lilly, Intuitive Surgical, DexCom), and energy transition (NextEra Energy, First Solar).
It is a deliberate, active global equity strategy executed at RM1.41 trillion scale.

The numbers that should make you look at your EPF differently
Nvidia USD 1 move = EPF position changes by RM27.02 million.

Microsoft USD 1 move = RM13.11 million change.

EPF’s total US equity exposure of over USD 12.3 billion at Q1 2026 means it is one of the largest Malaysian institutional investors in US technology.

KWSP EPF Branch 2
Photo by WeirdKaya. For illustration purposes only.
Your monthly EPF contribution is, in part, funding a position in the companies building the infrastructure for the AI economy.

The question of whether that is good or bad for your retirement depends entirely on whether the AI investment cycle delivers on its promise.

Does this mean a higher dividend?
Not automatically.

The 2025 full-year dividend was 6.15%, down from 6.3% in 2024, despite EPF recording RM79.2 billion in total investment income, a 6.37% increase from 2024.

The Edge Malaysia analysis found the lower dividend reflected higher write-downs and costs despite the stronger gross income.

The relationship between EPF’s equity performance and your annual dividend is real but not linear.

Here is what Q1 2026 actually looked like, per EPF’s official release on 19 May 2026.

EPF recorded total investment income of RM27.73 billion for the quarter ended 31 March 2026, a 51% increase from RM18.31 billion in Q1 2025.

The figure includes unrealised mark-to-market gains and losses on securities, arising mainly from foreign exchange rate fluctuations.

Equities income increased 88% from RM10.80 billion in Q1 2025 to RM20.34 billion in Q1 2026, accounting for 73% of total income, driven by broad-based market gains in the early part of the quarter.

Fixed income instruments contributed RM6.76 billion (24% of total). Total contributions rose 13.3% to RM38.01 billion, with voluntary contributions growing to RM8.83 billion.

EPF’s strong first-quarter income reflects a portfolio decision taken at the beginning of this year to realise gains ahead of anticipated market turbulence.

Our portfolio managers front-loaded income that would otherwise have been spread across the full year.

“Members should not extrapolate this quarter’s result, as it is unlikely to be repeated in subsequent quarters. The underlying portfolio continues to be managed for sustainable, long-term returns and not short-term peaks,“ EPF Chief Executive Officer Ahmad Zulqarnain Onn said.

The honest position: EPF’s US tech exposure is significant and real. It has contributed to strong recent performance.

Whether Nvidia at USD 175+ and Microsoft at USD 370+ in Q1 2026 continue to deliver the returns that justify those valuations is a question no one can answer with certainty.

EPF itself has flagged that global equity market valuations are elevated and that it is actively managing risk by locking in gains.

What this means for you as an EPF member
Every ringgit you contribute to EPF goes into a portfolio that is actively invested in global equity markets.

When Nvidia gained over 170% in 2024, EPF held 6.75 million Nvidia shares. When Microsoft hit USD 370, EPF held 3.28 million shares. This is not passive. It is an active, targeted equity strategy at scale that directly influences the dividend that lands in your account each February.

The most practical implication: if you have the capacity to top up your EPF voluntarily, you are not just earning a government-backed savings rate.

You are adding to your stake in a globally diversified portfolio that includes Nvidia, Microsoft, and Apple among 60+ US positions and a broader international equity portfolio across multiple markets. The 6.15% dividend for 2025 was partly built on that global exposure.

Man,20 molested girl, 17 on flight get jail & cane

Murrowping — Thu, 04 Jun 2026 14:43:42 +0800

Man, 20, who molested girl, 17, on flight to S'pore gets 15 months' jail & 3 strokes of cane

His actions made her feel extremely scared, violated, uncomfortable, trapped, and helpless.

On a layover, a Scoot flight to Singapore, an Indonesian national molested the female passenger beside him while she was asleep.

He was 20, while she was 17 at the time of the incident on Apr. 15.

He touched her inappropriately on her thigh, back, abdomen, hip, butt, and breasts, with skin-to-skin contact.

Despite her attempt to move her body away from the man, he continued to touch her, causing her to feel scared and violated, according to court documents.

On Jun. 3, Ariel Lhudfiyan Muarifin pleaded guilty in court to one charge of using criminal force with the intent to outrage a person's modesty.

He was sentenced to jail for one year and three months, and three strokes of the cane.

A sudden urge
Ariel, a resident of Central Java, was working as a construction worker in Okinawa, Japan, at the time.

He took a Scoot flight from Okinawa to Singapore around 9:15am on Apr. 15, planning to return to Indonesia through Singapore.

On the plane, the victim sat in a seat labelled A, which typically indicates a window seat on Scoot flights. Ariel sat in the next seat labelled B.

They both fell asleep as soon as they reached their respective seats, but Ariel woke up shortly after and noticed that the victim's left forearm and left leg made contact with his body, he claimed.

He described the victim as "quite pretty", and said their body contact caused him to have the sudden urge and desire to touch her.

Not deterred
Ariel first stroked the victim's thigh with his hand, then moved to her abdomen, hip, and breast.

This lasted for about 30 seconds, the victim said.

She tried to slide her body away from him, but he was not deterred.

He continued to touch her inappropriately, including sliding his hand down her pants and underwear to stroke her butt.

When the victim turned to look Ariel, he had his eyes closed. As she was wary of him, she also closed her eyes and pretended to sleep.

The touching went on for about another five minutes and only stopped after she opened her eyes. His eyes were closed again when she looked at him.

According to court documents, the victim, feeling extremely scared, violated, uncomfortable, trapped, and helpless, got up from her seat and told an air stewardess what had happened.

Scoot subsequently made a police report that a passenger was molested onboard, and Ariel was arrested at Changi Airport Terminal 1 about two hours after the plane landed in Singapore.

Sentencing
The prosecutor sought a sentence of between 14 and 16 months in prison, along with three to five strokes of the cane.

Ariel pleading guilty early in the proceedings entitled him to a sentencing discount of up to 30 per cent, which is taken into account in this proposed sentence, the prosecutor said.

The prosecutor argued that the degree of sexual exploitation was high, the circumstances of the offence were aggravated, and the harm caused to the victim was at least moderate.

"The accused did not act on impulse or in a moment of confusion — rather, he weaponised his proximity to the victim on the flight and repeatedly outraged her modesty, persisting even after she expressed discomfort," the prosecutor said.

Do you donate to and trust charity organisations?

Murrowping — Thu, 04 Jun 2026 09:54:36 +0800

There are many charity organisations in Malaysia. Do you guys donate stuffs and money through these organisations by signing up? How do you feel about these organisations. Do the money and things donated actually get to the people in need? Full amount or partial?

What do you think? Do you go through these charity companies or you donate directly?

How do you guys endure the worst period of life?

Murrowping — Thu, 04 Jun 2026 08:18:46 +0800

I believe many of you have been in the society for some good years. There are many happy times as well as low period. How do you guys endure the lowest period of life, either you are facing financial difficulties or relationship issues.

How do you manage to stand up and overcome the obstacles? Is there any friend or family member to help you?

During my third year of working, I listened to my peers and friends talking about investments, in form of crypto and stocks. Actually i know nothing but i just blindly buy the hype and invest all my savings in it. I ended up losing 90%, and i just hoping it will go up. The stocks, shit coins are just dipping day by day. Honestly, I really have no idea and sell all.

I had no choice, but to get back few thousands left and that was all my savings. No one helped including my over 10 years friend. I realized from that moment, i need to depend on myself, no one will help you when you are poor. I earn and save till now.

What about you?

Car turns turtle at carpark

Murrowping — Wed, 03 Jun 2026 13:26:13 +0800

Car turns turtle at carpark, driver, 41, assisting with police investigations

Some photos surfaced recently of a car that appeared to have turned turtle over in a Woodlands carpark.

Here they are.

Some other angles.

And here's a video apparently showing the car un-turtling.

Investigations ongoing
Responding to queries from Mothership, the police confirmed that an accident happened at 6:50pm on Jun. 2, 2026, at a multi-storey carpark at Block 622A Woodlands Drive 52.

The car is believed to have self-skidded.

A 41-year-old driver sustained injuries but refused conveyance to the hospital. She is also assisting with investigations. Police investigations are ongoing.

[fb]https://www.facebook.com/watch/?v=1312160011058834[/fb]

Masters of the Universe, who is going to watch?

Murrowping — Wed, 03 Jun 2026 11:28:33 +0800

The reviews for the film are mostly great, 8 or 9/10. Will you watch it in imax? 2 hours and 20 minutes.

Lady & kid locked on balcony during robbery by PRC

Murrowping — Wed, 03 Jun 2026 08:43:32 +0800

Woman & child locked on MBS balcony during robbery, 3 Chinese nationals, 29-34, arrested after flight recalled

The police have arrested three Chinese nationals, aged between 29 and 34, for their suspected involvement in a case of robbery with hurt.

On Jun. 1, 2026, at about 7pm, the police were alerted to a case of robbery with hurt along Bayfront Avenue.

Preliminary investigations revealed that a 45-year-old female victim became acquainted with an individual on a messaging platform, who claimed to offer foreign currency exchange services.

The victim agreed to exchange S$50,000 of cash for foreign currency, and for the exchanged amount to be deposited into her bank e-wallet.

Acting on the individual’s instructions, the victim, accompanied by her child, brought the cash to the vicinity of Bayfront Avenue.

There she met a man who brought her to a hotel room, according to CNA, in MBS, where a second man was waiting in the bathroom.

When she produced the cash, one of the men allegedly restrained her by the neck and demanded that she hand over the money.

The victim and her child were subsequently locked in the balcony of the room and sustained minor injuries from the incident.

Through follow-up investigations and with the aid of images from CCTV and police cameras, officers from the Central Police Division, Police Operations Command Centre and Airport Police Division established the identities of the three

men within four hours of the report.

The men were found to have boarded a flight bound for Shanghai at Changi Airport. The aircraft was subsequently recalled to the gate, and the men were arrested thereafter.

Cash amounting to about S$50,000 was recovered from the men and seized as case exhibit.

The three men will be charged in Court on 3 June 2026 with the offence of robbery with hurt under Section 394 of the Penal Code 1871. The offence carries an imprisonment term of not less than five years and not more than 20 years, and caning of not less than 12 strokes.

63yo MY Lady Busted For Smuggling 31kg Of Cannabis

Murrowping — Wed, 03 Jun 2026 08:40:43 +0800

63yo M’sian Woman Busted For Smuggling 31kg Of Synthetic Cannabis Into Nigeria

A local woman in her 60s was caught for attempting to smuggle tons of drugs into the country by Nigerian authorities more than two weeks ago.

In a report by The Guardian Nigeria, Ting Hung Kiong was arrested by Nigeria’s National Drug Law Enforcement Agency (NDLEA) at the Terminal 2 arrival hall of Murtala Muhammed International Airport in Ikeja, Lagos on May 17.

It also reported that Ting entered the country from Thailand via Dubai on an Emirates Airline flight, where she carried two large travel boxes which contained a synthetic strain of cannabis known as Canadian Loud.

Trip allegedly paid by daughter
When interrogated by authorities, Ting said she worked as a caregiver back in Malaysia and that her trip to Thailand, and then to Nigeria was sponsored by her daughter.

Part of a statement by NDLEA reads:

“She disclosed that she spent two weeks in Thailand before she was handed the illicit consignment at the Thailand airport to deliver in Nigeria.”

Aside from Ting, several others were also arrested across Nigeria at various airports and border crossings as part of NDLEA operations.

Miss Hong Kong 2026 First Round Audition

Murrowping — Tue, 02 Jun 2026 19:43:54 +0800

» Click to show Spoiler - click again to hide... «

Canada expand visa-free air travel access for Msia

Murrowping — Tue, 02 Jun 2026 15:32:44 +0800

Canada has expanded visa-free air travel access for eligible Malaysians starting Tuesday (May 26), allowing travellers to apply for an electronic travel authorisation (eTA) instead of a traditional visas when flying to or transiting through the country.

The High Commission of Canada in Malaysia said the move reflects strengthening ties between Canada and Malaysia while helping to expand partnerships and people-to-people connections.

"Malaysian citizens who have held a Canadian temporary resident visa (TRV) within the last 10 years or who currently hold a valid United States non-immigrant visa may now qualify for the simplified entry process," they said in a statement.

Under the new arrangement, eligible Malaysians travelling to or transiting through Canada by air can apply online for an eTA instead of a visa.

The eTA application costs CAN$7 (about RM22), with most applications automatically approved within minutes after submission.

However, travellers must meet several conditions to qualify for the visa-free air travel facility.

Applicants must either have previously held a Canadian TRV within the last decade or currently possess a valid US non-immigrant visa at the time of application. They must also be travelling to Canada for a temporary stay, usually for up to six months, and must arrive or transit through Canada by air using a valid Malaysian passport.

"The eTA is valid for up to five years or until the traveller’s passport expires, whichever comes first.

"Malaysians who already possess a valid TRV can continue using the document to travel to Canada," they said.

The High Commission also stressed that the eTA only applies to air travel, meaning travellers entering Canada through land or sea routes may still require a visa depending on their eligibility and travel circumstances.

The move is expected to strengthen ties between Canada and Malaysia and will help to expand partnerships and people-to-people connections.

Elderly man hang out of 7floor to spy on neighbour

Murrowping — Tue, 02 Jun 2026 13:17:21 +0800

[IG]DY-BXYdy0lB[/IG]

Elderly man seen dangerously leaning out of apartment window with phone

Residents in India were left stunned after a bizarre video surfaced online showing an elderly man hanging dangerously out of a seventh-floor apartment window while allegedly trying to secretly record activity at a neighbouring unit.

The incident reportedly took place in Uttar Pradesh, though the exact location and date of the incident have not been independently confirmed.

Footage circulating on social media shows the man balancing himself on a narrow ledge outside his apartment window while stretching his upper body outward with a mobile phone in hand.

The entire incident was reportedly captured by residents from another nearby building before being uploaded online, where it quickly went viral across platforms including Instagram and X.

Towards the end of the clip, the man slowly climbed back into the apartment through the window.

The viral footage has since sparked widespread concern over both personal privacy and public safety.

Netizens horrified over invasion of privacy

Many internet users slammed the alleged spying attempt, calling it a disturbing invasion of privacy inside what should be the safety of one’s own home.

A viral video showing an elderly man allegedly dangling half his body out of a window to secretly film a neighbour has sparked outrage and reignited privacy concerns in residential communities.

Residents of the housing complex had been noticing unusual activity around the building for several days, with some occupants reporting a feeling of being watched. Suspicious neighbours eventually recorded and zoomed in on the man’s actions, capturing what appeared to be deliberate covert filming of someone inside an adjacent room.

The footage spread rapidly across social media, drawing widespread condemnation. While many netizens criticised the intrusive behaviour, others pointed out the serious risk the man posed to his own safety.

Residents have since demanded stricter security measures within the complex. The authenticity of the video remains unverified.

Man fainted at KLCC bookstore

Murrowping — Tue, 02 Jun 2026 08:55:19 +0800

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AI stocks are booming now, will u sell or hodl?

Murrowping — Tue, 02 Jun 2026 08:36:09 +0800

Sandisk, amat, micron, tsmc, intel just to name a few, all at least 300% increase YTD. Congratulations to all who bought. Do you think the price will still increase or do you think the bubble will burst?

Those who still have stocks in hand, do you plan to hodl or sell it and invest in other industry?

Why is cost of living so high, yet salary so low?

Murrowping — Tue, 02 Jun 2026 08:28:23 +0800

Compare to the 90s or 00s, average starting salary around rm1800-rm2000, a meal simply cost rm5 at most. House around rm200k. A middle income person earning rm3k+ could afford a home loan, eating outside daily, car loan and a simple family with kids.

Nowadays, it seems that the increase in cost of living goes way beyond the salary increment. nowadays, starting pay around rm3k+, but the food is around rm13, home is around rm800k and raising kids is not easy at all.

When living expenses increases 100%+, the salary increment is around 50%+, which proves how bad malaysia deal with inflation. Compare to japan which is a failing nation, the food prices still remain same for the past 30 years, even salary is stagnant.

What went wrong with Malaysia? It seems the millennium and gen z is barely surviving. The market is really that bad?

Can files really be completely erased from the net

Murrowping — Mon, 01 Jun 2026 19:10:09 +0800

I remember when i used to browse internet early 2000s as a kid, i came across sites like geocities, some blogs and many more. I can still remember the url links to some of them, when i searched for it, most of these sites have been completely gone.

It seemed to me that most webpages only dated from around 10-15 years. All i could search was information from 10-15 years ago. I believe the internet is much much older than that. I believe there is archive part of the internet where files or webpages do not get deleted easily.

Where can i find all these missing videos, pictures or webpages? Anyone have any clue?

Any fast pace tv series like Days of the Jackal?

Murrowping — Mon, 01 Jun 2026 15:22:40 +0800

I just finished watching Days of the Jackal, sorry if im a slowpoke. What an amazing film, from start till end, never a dull moment. Fast pace, no delay, not much dialogue, all action. Compare to true detective season 1 which i have watched, that was one of the worst and dull tv series i have watched. The storyline is boring, pace is slow as fuck, dialogue is dull, and matthew mcconaughey does not even know how to act, always same expression. Whole series solving one murder and the ending is so disappointing. Same goes for Dept Q, awful series.

Please recommend me something thrilling and worth binge watching, not necessary spy/police but just the same style as Day of Jackal.

Sarawak aims for RM282 billion GDP by 2030

Murrowping — Mon, 01 Jun 2026 12:27:12 +0800

Sarawak aims for RM282 billion GDP by 2030, says Abang Jo

The state premier said Sarawak's development would now be based on brain power instead of relying on natural resources as before.

PETALING JAYA: Sarawak must start developing local expertise in aerospace, satellite engineering, data analytics and communication technologies, as the state prepares to launch a nano-satellite by 2030, state premier Abang Johari Openg said.

As part of Sarawak’s long-term digital transformation strategy, the state government is developing the Kuching AI Data Campus on a 405 hectare site in Tanjung Embang, he said in a Gawai Day message, the Borneo Post reported.

“The campus will serve as a catalyst for developing a regional AI Grid, strengthening Sarawak’s digital ecosystem while attracting high quality global investments,” he was quoted as saying.

Sarawak is also developing Southeast Asia’s first semiconductor-grade polysilicon plant in Bintulu, he said.

Abang Johari said the state government aims to raise Sarawak’s gross domestic product to RM282 billion by 2030 under the 13th Malaysia Plan.

He said the era of Sarawak’s development based on extracting limited natural resources was over. The state would instead build a new economy based on knowledge, innovation and human capital.
Sarawak must now move towards an economy driven by ‘brain power’ or intellectual power, with big investments in Sarawak’s children.

So far almost 4,700 students have received free tertiary education under a Sarawak education scheme, and the number is expected to reach 10,000 by the end of the year, he said.

In line with this aim, Yayasan Sarawak had introduced a four-year sponsored PhD programme in collaboration with the University of Bristol, United Kingdom.

Earlier this month, Abang Johari had spoken of Sarawak’s plans to develop CubeSat-based nano-satellite technology by which Sarawak would obtain earth imagery, geolocation data, and strategic information.