Farce of new US tariffs on China this time doesn't even match the lines

 

Illustration: Liu Rui/GT

On May 14 local time, the Biden administration announced "severe" new tariffs on $18 billion worth of Chinese imports, including Chinese-made steel and aluminum, semiconductors, electric vehicles (EVs), lithium batteries and components, critical minerals, photovoltaic cells, port cranes, and personal protective equipment. Among these, tariffs on imported Chinese EVs will be quadrupled, rising from 25 percent to 100 percent. The import tax on Chinese solar cells will also double, from 25 percent to 50 percent. Additionally, starting from 2025, tariffs on imported Chinese semiconductors will jump from 25 percent to 50 percent.

In the context of the previous administration's Section 301 tariffs on China still being in place, the US side's use of the so-called "review" process to further increase or impose additional tariffs on Chinese products exported to the US is a serious provocation against China. This approach contradicts President Biden's commitment of not "holding back China's development" and not "seeking decoupling from China." It also goes against the important consensus reached by the leaders of the two countries. To some extent, it can even be understood as the US initiating a new round of tariff friction.

Before announcing the imposition of additional tariffs on China, the US repeatedly spread negative information in an attempt to smear related Chinese technology and products. This is essentially a sign of guilt, trying to manipulate public opinion to cover up the fact that they are politicizing and instrumentalizing economic and trade issues. It must be reiterated that the US has no legitimacy in imposing additional tariffs on China. The World Trade Organization (WTO) expert panel ruled that the Section 301 tariffs violate WTO rules. By continuing to impose additional tariffs on China based on Section 301, the US is further disregarding WTO authority and international trade rules, compounding its mistakes. Suppressing advanced industries of other countries under the banner of "overcapacity" and using "fair competition" as an excuse to promote protectionism are blatant bullying.

The US also uses the so-called "forced technology transfer" and "intellectual property theft" by China, along with the alleged "overcapacity," to justify imposing high tariffs on Chinese goods. These are fragile lies that can easily be exposed. In the fields of the products subjected to additional tariffs, Chinese technology is advanced and does not need to "compel" American companies to engage in "forced technology transfer," nor is there "intellectual property theft." The American political elites' accusations of "forced technology transfer" and "intellectual property theft" as the source of competitiveness for these Chinese products are like grabbing a script and speaking without matching the lines.

As for the accusation of "overcapacity," it is nothing but a lie fabricated by the US. Any product that the US lacks competitiveness in and is important to the US can be arbitrarily labeled as "overcapacity" by the US. In fact, the so-called "overcapacity" of some Chinese products is the result of the US' policy of trade protectionism and market distortion behavior. If the US opens its market, the overall supply and demand of these products in the international market will be more balanced, and the demand for new energy products in the US will also be met.

As mentioned in a previous editorial of the Global Times, considering the "almost zero" number of EVs exported from China to the US, even if the new tariffs are implemented, they are unlikely to immediately impact Chinese electric car companies. The same goes for lithium batteries and photovoltaic products. The Biden administration's exaggerated announcement at this time is of a practical but "not very useful" nature, giving the impression that it is not a careful choice made from genuine economic considerations, but rather a political show aimed at winning voters in an election year. It is a tariff package tailored to meet the political needs of the US. What is absurd is that after news about the White House's plan to impose a 100 percent tariff on Chinese electric vehicles began to circulate, Trump immediately stated that he would slap a 200 percent tariff. It is clear that tariffs on China are being used as a card, and all actions revolve around domestic political interests.

Furthermore, the US imposing high tariffs on personal protective equipment from China is particularly puzzling. During the COVID-19 pandemic, there was a global shortage of personal protective equipment, and China exported these products to the US, effectively helping the US fight the epidemic and protect the health of Americans. The US is now imposing high tariffs on these products, which has a strong sense of burning bridges after crossing them. It is precisely because of this that the US' imposition of tariffs on China this time is more repugnant and disgusting, fully exposing the hypocrisy of US hegemony.

China-US relations should not be used as a scapegoat for domestic US politics, and China will not stay silent in the face of unfounded accusations from anti-China forces. Despite some in the US hoping for China's "understanding," these tariffs greatly harm China's legitimate development rights and seek to limit the development space of related industries in China. China will definitely take resolute measures to defend its own interests. The US should not be arrogant or harbor any illusions.

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US is a ‘monopoly’

 

While the United States plays the role of the banker similar to the game of Monopoly, the rest of us will be happy for now to remain in the game and not go bankrupt. — Bloomberg

WHETHER you are young or old, it is likely that at one time or another, you would have played a board game called Monopoly.

The rules of the game are simple, with the objective of winning the game by beating your opponents and making them bankrupt.

The whole idea is to build up your “assets” in the board game to make it pricey for other players to continuously pay rent whenever they land on your properties. At the same time, in the game of Monopoly, there is also the banker, who never goes broke.

However, if the bank runs out of money, the banker can issue “I Owe You” notes or IOUs to other players and for whatever amounts that are required by writing the amount on a piece of paper.

These IOUs can be exchanged for cash whenever cash is available, or otherwise, counted as an asset of the player holding them. In essence, the banker can print money and the holders have a claim against the banker. Sounds familiar?

Out of control

Welcome to the world of finance. In real life, some central banks, in particular, the US Federal Reserve (Fed) and the US government, are simply printing money.

They may not be playing a game like Monopoly but their actions certainly reflect that.

Today, the United States has a total debt amounting to US$34.6 trillion and with the debt ceiling out of the window, the US debt level will just continue to grow, as the past two trillion dollar increase occurred in a space of just 100 days each.

The pace of increase of every US$1 trillion is expected to accelerate very quickly as there are no plans to curtail the growth or any effort to reduce the government’s twin deficits – trade and budget deficits.

Another interesting point of measurement is the growth of the US debt level since February 2019, which has increased by US$12.5 trillion whilst the US gross domestic product (GDP) itself only expanded by US$7.2 trillion.

In essence, in the last five years or so, for every dollar growth of the US economy, the government created 1.7 units of debt.

Forever deficit

Last year, the US budget deficit hit US$1.7 trillion or 6.2% of GDP and this is expected to be sustained at a relatively high level over the next decade and beyond. The Congressional Budget Office in its March 2024 projection is looking at a budget deficit to GDP to hit 5.6% this year before rising to 6.1%, 7.3% and 8.5% in 2034, 2044 and 2054 respectively.

Astronomical by any standards, and by continuously running budget deficits, it suggests that the US debt level will accelerate further over the next 30 years.

In the words, as commented by the International Monetary Fund (IMF) recently, the United States debt level is simply mind-boggling. With higher debt levels, naturally, cost of servicing the debt too will increase. For the month of March alone, the US government spent US$89bil on interest, which on an annualised basis, suggests a figure of more than a trillion dollars or US$120mil every hour.

With the United States sustaining a higher Fed fund rate for a longer period, how does the country pay for this?

You guessed it, and yes, print more money just like the banker in the Monopoly board game writing IOUs.

In fact, the United States government, which raises approximately US$5 trillion a year uses it mostly for social security, healthcare, and debt servicing.

Expenditures related to defence, space programmes, state departments, or even law enforcement agencies are funded via debt. Even aid that it provides to nations or even wore-torn countries is funded via debt. Fewer dollars

With the rise of China and of course the emergence of the euro as a potential reserve currency, the US dollar has seen its share of global reserves held by the central bank shrinking year after year.

Based on the data from the IMF, the US dollar’s share of global reserves has dropped from 72% in the year 2000 to just 57% currently.

Although not elected yet, former US President, Donald Trump, is said to be considering ways to stop other nations from shifting away from using the US dollar by punishing them in one way or the other.

According to a Bloomberg report, these measures include export controls, currency manipulation charges, and tariffs.

Will this ever work and what would this mean to international trade and relationships if Trump is re-elected as President for the second time?

The ”S” word

With inflation at elevated levels, the Fed is in no hurry to cut rates just yet as the core Personal Consumption Expenditure (PCE) print looks to be sticking out like a sore thumb for longer.

In fact, the concern is that the core PCE, which grew by 2.8% in the latest March 2024 data, is not falling fast enough, while the super-core inflation, which is defined as PCE services inflation minus energy and housing, rose by 3.5% year-on-year (y-o-y).

The first quarter of this year’s 2024 GDP growth, which came in well below expectations at just 1.6% annualised rate against the market estimate of a 3.5% y-o-y growth has re-ignited the fear that the United States economy is headed towards stagflation – defined as a period of slow growth, high inflation and of course, rising unemployment, although the Fed chair is quick to dismiss it.

The latest monthly payroll numbers, which came in below expectations and lifted the unemployment rate to 3.9% have added a bit more pressure to the stagflation narrative.

While the Fed would not ring the alarm bell, the market is still saying that the United States economy is headed towards either a soft landing but could quickly become a hard one if rates are not cut soon enough.

As it is, the risk of recession indicator, as seen in the inverted yield curve, has been flashing “recession” for the past two years, but the United States economy continues to chug along, mainly driven by monopoly money.

At the same time, the yield spread between the US treasuries vis-a-vis other major currencies has caused significant gain on the US dollar itself.

Forget about how much the ringgit has lost ground but look at some of the other major currencies too, especially the yen, which has dropped more than 50% from the low of 102.36 to the US dollar in March 2020.

The drop in the yen is not merely due to the yield spread alone but also the massive debts that the Japanese government is presently carrying to the tune of 1,286 trillion yen or US$8.6 trillion, which is just over 217% of its GDP of about 591.4 trillion yen or US$4.2 trillion.

Will history repeat itself on the US dollar when the time comes just like how the yen is being devalued?

Can the US dollar be dethroned?

Short answer – unlikely!

However, if any country, especially those in emerging markets, were to behave like the United States today – twin deficits, unsustainable debt level, and money printing a.k.a. Monopoly money, that country would be doomed.

The local currency would need to be re-based via a devaluation if the market has not already priced that scenario just yet.

However, this would not happen to the US dollar simply because the greenback, for all intent and purpose, remains the reserve currency of the world and the world has not found an alternative yet and may never even find it.

Every other option, be it the euro, yen, yuan, gold, or cryptocurrencies, has its respective shortcomings.

As long as the US dollar is used as a medium of exchange for commodities, trade, and finance, and as the majority reserves of central banks globally, the US dollar remains relevant.

Hence, while the United States plays the role of the banker similar to the game of Monopoly, the rest of us will be happy for now to remain in the game and not go bankrupt.

But how long can the United States keep writing the IOUs? That’s the real question.

Pankaj C. Kumar is a long-time investment analyst. The views expressed here are the writer’s own.

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Understanding the nervous system

https://www.news-medical.net/health/What-is-the-Nervous-System.aspx#

What is the Nervous System?

YOUR nervous system is the control hub for your body, comprising the brain, spinal cord and nerves. It works by sending messages through a network of nerve cells from different body parts to the brain and back out to the body. These messages regulate your thoughts, memory, movement, emotions and senses.

 Damage to the network of nerve cells can disrupt the flow of signals throughout the body. 

Untreated nerve damage may result in uncomfortable symptoms such as tingling, numbness, pain, loss of sensation and muscle weakness, particularly in the hands and feet. 

The accumulation of abnormal proteins in the brain can trigger the degeneration of nerve cells, culminating in conditions such as Alzheimer’s disease, a progressive form of dementia. Over time, Alzheimer’s manifests as a gradual decline in memory and cognitive functions, and alterations in behaviour and personality. 

Attention-deficit/ hyperactivity disorder (ADHD) arises when the development of the central nervous system is disturbed. Typically emerging in childhood, it manifests as persistent patterns of inattention, hyperactivity, and impulsivity that disrupt daily functioning and development. 

How to protect your nervous system?

To safeguard your nervous system, consider integrating key neuroprotection nutrients into your routine.

Phosphatidylserine (PS), a phospholipid, shields brain cells and has been shown to help enhance memory and cognitive function. It may also alleviate symptoms such as inattention, hyperactivity and impulsivity. 

Acetyl-L-carnitine (ALCAR), a form of carnitine can cross the blood-brain barrier, is believed to help boost brain energy, improve focus and support cognitive function while also enhancing nerve function.

Vitamin B12 (cobalamin), the active form readily used by the body, aids in repairing damaged nerve cells, potentially reducing sensations of tingling and numbness. Moreover, it promotes the regeneration and formation of “Untreated nerve damage may result in uncomfortable symptoms such as tingling, numbness, pain, loss of sensation and muscle weakness, particularly in the hands and feet.” myelin sheaths, essential for rapid nerve-impulse transmission. 

Incorporating these key nutrients into your regimen, alongside a balanced diet and regular exercise, can fortify your nervous system, Eating a balanced diet and staying active can strengthen your nervous system. promoting optimal cognitive function and overall well-being. 

This informational article is brought to you by VitaHealth.

 For enquiries, call 1800 183 288. “

Understanding the nervous system

YOUR nervous system is the control hub for your body, comprising the brain, spinal cord and nerves. It works by sending messages through a network of nerve cells from different body parts to the brain and back out to the body. These messages regulate your thoughts, memory, movement, emotions and senses.

Damage to the network of nerve cells can disrupt the flow of signals throughout the body. Untreated nerve damage may result in uncomfortable symptoms such as tingling, numbness, pain, loss of sensation and muscle weakness, particularly in the hands and feet.

The accumulation of abnormal proteins in the brain can trigger the degeneration of nerve cells, culminating in conditions such as Alzheimer’s disease, a progressive form of dementia. Over time, Alzheimer’s manifests as a gradual decline in memory and cognitive functions, and alterations in behaviour and personality.

Attention-deficit/ hyperactivity disorder (ADHD) arises when the development of the central nervous system is disturbed. Typically emerging in childhood, it manifests as persistent patterns of inattention, hyperactivity, and impulsivity that disrupt daily functioning and development.

How to protect your nervous system?

To safeguard your nervous system, consider integrating key neuroprotection nutrients into your routine.

Phosphatidylserine (PS), a phospholipid, shields brain cells and has been shown to help enhance memory and cognitive function. It may also alleviate symptoms such as inattention, hyperactivity and impulsivity.

Acetyl-l-carnitine (ALCAR), a form of carnitine can cross the blood-brain barrier, is believed to help boost brain energy, improve focus and support cognitive function while also enhancing nerve function.

Vitamin B12 (cobalamin), the active form readily used by the body, aids in repairing damaged nerve cells, potentially reducing sensations of tingling and numbness. Moreover, it promotes the regeneration and formation of myelin sheaths, essential for rapid nerve-impulse transmission.

Incorporating these key nutrients into your regimen, alongside a balanced diet and regular exercise, can fortify your nervous system, promoting optimal cognitive function and overall well-being.

This informational article is brought to you by Vitahealth.

For enquiries, call 1800 183 288.

Keeping the brain active and sharp

Microsoft to spur new era, Data centre - boon or bane?

  

Economic boost: Trade groups foresee Microsoft’s investment opening doors to more career opportunities for the people besides supporting the nation’s digital transformation. — File photo

GEORGE TOWN: Tech giant Microsoft’s RM10.5bil investment to support Malaysia’s digital transformation will not only help local businesses be more efficient but also lead to better wages and higher skills for workers, say trade groups.

The investment, which includes building cloud computing and artificial intelligence (AI) infrastructure as well as creating AI development opportunities for an additional 200,000 people, will definitely boost Penang’s manufacturing sector, said Federation of Malaysian Manufacturers Penang (FMM Penang) chairman Datuk Lee Teong Li.

“Microsoft’s investment has the potential to drive socio-economic progress and enhance Malaysia’s competitiveness in the global tech landscape.

“The investments will definitely benefit our digital infrastructure, and the skills will help Malaysian businesses, communities and developers apply the latest technology to drive inclusive economic growth and innovation across the country.

“AI adoption will spread across key industries and the public sector while ensuring AI governance and regulatory compliance.

“It is also expected to create better-paying jobs for our people as we ride the AI revolution to fast-track Malaysia’s digitally empowered growth journey,” he said yesterday.

Lee said this will lead to more job opportunities and stimulate economic growth by providing people with valuable skills and employment.

“Additionally, it can attract other tech companies and foster a thriving ecosystem to position Malaysia as a hub for innovation in the region,” he added.

Although some manual jobs and clerical work will be made obsolete by AI, these workers could be retrained for other roles, he said.

On May 2, Microsoft announced that it will invest US$2.2bil over the next four years in Malaysia to support the country’s digital transformation.

The company said the investment will include building cloud and AI infrastructure, training 200,000 people in using AI, and supporting the growth of Malaysia’s software developer community.

This will be Microsoft’s single largest investment in its 32-year history in Malaysia, and the firm will work with the Malaysian government to establish a national AI Centre of Excellence and enhance the nation’s cybersecurity capabilities.

Malaysia Semiconductor Industry Association (MSIA) president Datuk Seri Wong Siew Hai pointed out that Microsoft’s investment in Malaysia is the largest in South-East Asia.

“It follows Nvidia’s investment of US$4.3bil in December last year to develop artificial intelligence (AI) infrastructure in Malaysia.

“With Malaysia’s prominence in semiconductor manufacturing and the emergence of generative AI as the next big technology disruptor, AI and semiconductor manufacturing are becoming increasingly intertwined, with AI playing a crucial role in optimising manufacturing processes and enhancing chip design.

“This is in addition to Malaysia’s increasing role in AI chip manufacturing,” he said.

He added that investors are eyeing Malaysia, especially after the government announced that it is crafting the Semiconductor Strategic Plan.

“Intense interest in Malaysia by many companies has resulted in announcements like the ones from Microsoft,” he said.

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Data centre – boon or bane?

https://www.thestar.com.my/business/business-news/2024/05/11/data-centre---boon-or-bane

Data centre - boon or bane?

 https://www.tnb.com.my/assets/newsclip/11052024a.pdf 

Data centre – boon or bane?

 

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Bracing for a maze of projects in Penang

CLICK TO ENLARGE

Schemes to ease future congestion causing traffic trouble in Penang

GEORGE TOWN: Traffic on Penang island is often monstrous, especially at peak hours, with narrow roads and many industrial areas.

With five major transportation projects taking off almost in tandem this year, the nightmare is going to get worse for Penangites – at least until the projects are completed.

The Bayan Lepas area – where most factories are, Air Itam – the most densely populated area on the island, and Jalan Utama – the main thoroughfare leading to the seaside areas of Tanjung Tokong, Tanjung Bungah and Telok Bahang, are especially notorious for their jams.

However, these are also the places where the projects, meant to ease the island’s perennial traffic woes, are being built.

The RM851mil Air Itam to Tun Dr Lim Chong Eu Expressway bypass project is almost 50% ready but is causing massive jams in the Bandar Baru Air Itam area.

The four other projects that are expected to clog up nearby roads are the land reclamation project of Silicon Island in Batu Maung, the RM1.5bil Penang International Airport expansion, the Federal Government-funded Mutiara Line Light Rail Transit (LRT) – all in the Bayan Baru-Bayan Lepas area – as well as the RM245mil Penang Hill cable car project at Jalan Kebun Bunga.

For the next few years, motorists will have to bear with not just worse jams but also the inconvenience, noise, dust and vibrations.

The jams in Air Itam are already a major headache which Penangites have never experienced before.

“It can take me about 30 minutes to pass the traffic light junction at peak hours, when it should take just five minutes,” said hotel manager M. Muniandy, who lives in Air Itam.

“Two lanes at the junction were taken away to build the elevated road and now cars are lined up for between 2km and 3km just waiting for the light to turn green.

“I’ve never had such a bad time driving before.”

Muniandy was referring to the junction at Lebuhraya Thean Teik and Jalan Angsana, the main thoroughfare of Bandar Baru Air Itam.

Once it is completed, the Air Itam bypass will allow residents to have an uninterrupted hillside route all the way to the expressway near the Penang Bridge without having to cut through the city.

This will reduce the current 40-minute drive between Bandar Baru Air Itam and the Tun Dr Lim Chong Eu Expressway to less than 10 minutes.

For now however, residents are dealing with intense bottlenecks and long queues at junctions.

Sahabat Alam Malaysia president Meenakshi Raman said that the traffic impact assessments of these mega projects were each created in “silos”.

“They are done piecemeal, in a disjointed manner. It is a town-planning nightmare.

“We face unprecedented traffic congestion because of the shortsighted planning for long-term projects, some of which we continually assert are unnecessary,” she said.

Other stakeholders argue that while these mega projects are good for Penang in the long run, state authorities need to plan them out more carefully.

GUH Holdings Bhd’s Datuk Seri Kenneth H’ng said that besides intolerable jams, the severe shortage of public parking space is another daily headache.

“A new factory in Bayan Lepas is under construction right next to ours and because of that, the local authority has removed the roadside parking lots.

“Employees now suffer from a severe lack of public parking. They end up being forced to park illegally where they are regularly fined,” lamented the chief executive officer of the electronics, properties and utilities group.

To help his employees, H’ng’s firm provides special allowances for them to park at a nearby shopping complex early in the morning and a shuttle bus to take them to and from the factory.

“Because one factory is being built, the shopping complex’s parking facility is under strain, our company must bear extra cost and our employees also have to come out with money for ehailing rides to get back to their cars if they miss the shuttle.

“Poor planning causes far-reaching inconveniences to many.

“We need the authorities to plan construction work with all due diligence because the jams and parking problems erode the quality of life in Penang,” H’ng said.

The state government, meanwhile, has appealed for public cooperation and patience while these projects are carried out.

“The government cannot do it alone. We need the people’s full cooperation,” said state infrastructure and transport committee chairman Zairil Khir Johari.

One short-term solution the authorities are hoping will help is to station traffic policemen at critical junctions affected by these projects during peak hours.

Zairil said each of those projects has a detailed traffic management plan to reduce the impact of construction work on motorists.

“Every project will have a traffic management plan, but there will still be inconveniences. So we must all be patient and plan our commutes because the public infrastructure being constructed will eventually solve the traffic problems.

“Whenever there is major construction anywhere in the world, there will be short-term traffic consequences,” he said.

He said a new committee on road congestion and safety has been formed by the federal Cabinet and its first meeting will be held early next month with Penang traffic being on the agenda.It will be chaired by the secretary-general of the Transport Ministry, he added.

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Penang LRT Mutiara Line project has been officially taken over by the Federal Government, to begin in Q4

Property News/29 March 2024Leave a comment

The construction of Penang’s first light rail transit (LRT) project will begin by the fourth quarter of this year, says Anthony Loke.

The Transport Minister added that the Penang LRT Mutiara Line project has been officially taken over by the Federal Government and is estimated to take six years, with completion slated for by 2030.

“We hope that within six months, the negotiations with SRS Consortium Sdn Bhd can be concluded.

“Following that, we expect physical works can start at least by the fourth quarter this year,” he told reporters at the ministry’s office on Friday (March 29).

The contracts for the LRT project have been divided into three main components – Silicon Island to Komtar contract (Segment 1), Komtar to Penang Sentral contract (Segment 2) and turn-key systems and rolling stocks contract.

Loke said SRS Consortium Sdn Bhd has been offered the Segment 1 contract based on the Single Sourcing Request for Proposal mechanism.

Meanwhile, the other two remaining contracts will be offered on an open tender basis.

“The offer (to SRS Consortium) was made based on the request by Penang state government which had appointed SRS as the Project Delivery Partner of the Penang Transportation Master Plan, which comprises the Penang LRT Mutiara Line, through an open tender in August 2015.

“SRS has also studied the technical early designs while acquiring approvals for the Environmental Impact Assessment, Social Impact Assessment and conditional Skim Kereta Api,” he said, adding that the costs were also borne out by SRS.

Loke added that the Cabinet has agreed to appoint MRT Corp as the developer and asset owner of the new train line.

He said that the rolling stock operations depot and transit-oriented development projects will be conducted by MRT Corp together with the state government.

“The new strategy aims to generate extra non-fare revenue to be reinvested for train maintenance in the future,” he added.

Stretching about 29km, Penang LRT Mutiara Line, will be equipped with 20 stations which include two interchange stations in Komtar and Penang Sentral.

Source: TheStar.com.my

Penang LRT project on track despite minor amendment

Property News/5 May 2024Leave a comment

The construction of Mutiara Line, Penang’s first light rail transit (LRT) project, will be according to schedule despite a minor amendment to the original plan.

Mass Rapid Transit (MRT) Corp chief executive officer Datuk Mohd Zarif Hashim said everything would be carried out on time, adding that there is no need for the resubmission of the environmental impact assessment (EIA).

“The slight amendment to the track is meant to accommodate the line extended to Penang Sentral on the mainland from Penang island via an elevated track above the sea.

“Once we have updated the data on the LRT alignment, we will need to engage all the relevant agencies through workshops.

“The amended alignment, once finalised, will then be provided as an addendum meant for the necessary approval.

“All these will be done in the next three months. The main component of the alignment is still intact,” he said after giving Bayan Baru MP Sim Tze Tzin a briefing on the RM10bil project during the North Zone Madani Rakyat programme at the Sungai Nibong Pesta site in Penang.

It was earlier reported that the Penang government had planned to hold a workshop with stakeholders to finalise the Penang LRT Mutiara Line project following minor amendments to the original plan.

Chief Minister Chow Kon Yeow was quoted as saying that the workshop was expected to be held within a week or two so that further work involving the transformative infrastructure project could be carried out.

In the latest report released by MRT Corp, the alignment will begin from Penang Sentral on Penang mainland to the proposed first station on Penang island – Macallum.

From Macallum, it will pass through Komtar, Jalan Gurdwara, Solok Sungai Pinang, Sungai Pinang, Jelutong Timur, all the way to Silicon Island.

Two proposed stations – Bandar Sri Pinang and Sky Cab – along Tun Dr Lim Chong Eu Expressway, which were seen in the original plan, have since been taken out of the picture.

On March 29, Transport Minister Anthony Loke announced that the Federal Government officially took over the Penang LRT Mutiara Line project from the state government, with MRT Corporation appointed as the developer and asset owner.

The procurement of the project is divided into three main components, which are civil construction works for Segment 1 which is the alignment of Silicon Island to Komtar; works for civil construction for Segment 2 which is the line from Komtar to Penang Sentral and a “turnkey contract” for system and carriage (coach) works.

Also present at the briefing were Batu Uban assemblyman A. Kumaresan and Kebun Bunga assemblyman Lee Boon Heng.

Source: TheStar.com.my

https://images.app.goo.gl/eN8uo1EZtXPxYzPo7 

Bayan Lepas LRT

Station names are provisional and subject to confirmation.

Moving Towards a Modern Penang

The proposed BL LRT line will cover a distance of 29.9 km, forming the main North-South rail backbone on the island. As the first LRT system in Penang, the BL LRT line will provide direct airport transit from Penang International Airport to major destinations on the island. The line will begin at Komtar and ends at the upcoming Penang South Reclamation (PSR) Smart City.

• 29.9km in length;
• 27 stations;
• First LRT line in Penang;
• Passes through high-demand areas like Komtar, Macallum, Jelutong, LCC Terminal and Bayan Lepas FIZ.

THROUGH BL LRT, WE CAN:

• Travel efficiently without getting into traffic congestion
• Travel safely and be more cost effective
• Increase productivity and personal time. Less time on the road means more time for family, work and leisure
• Move towards greener Earth. Light rail consumes less energy per passenger than cars and thus, less carbon footprint

Playing their part to beat the monstrous jams

Playing their part to beat the monstrous jams