Rightways to Success

Thursday, 25 November 2021

Msia-Spore land VTL to be launched on Nov 29, limited to 1,500 people per day

Eligible travelers would be subjected to Covid-19 testing and further health requirements determined by respective country. - NSTP file pic

KUALA LUMPUR: Malaysia and Singapore will simultaneously launch both its air and land Vaccinated Travel Lane (VTL) between both countries on Nov 29.

The Prime Minister's Office (PMO) announced the update today on the heels of the government's preparation to open the VTL between the main airports here and in the republic, and following a dry run held by authorities at the Causeway yesterday.

"Malaysia and Singapore have achieved more than 95 percent rate of vaccinated adult population. This has offered the opportunities for both countries to reopen the land border in a gradual, safe, systematic, and sustainable manner.

"Both Governments are collaborating to launch the Vaccinated Travel Lane (VTL) on Nov 29, 2021. The launch of the VTL-Land will coincide with the VTL-Air that will enhance further bilateral and economic relations between both countries," read the statement from the PMO.

The PMO said apart from workers, the VTL-Land is slated to provide an opportunity for Malaysians and Singaporeans on both sides of the Causeway to be reunited with their loved ones due to lockdown-driven border closures.

It added that the VTL-Land initiative aims to facilitate quarantine-free, seamless cross-border movement while integrating health protocol, security, and immigration clearance.

"Travelers allowed to take part in the VTL-Land are Malaysia and Singapore citizens and Permanent Residents as well as holders of Malaysia and Singapore Long-term Pass.

"These travelers must be fully vaccinated and unvaccinated children below the age of 12 must be accompanied by vaccinated parents or guardians," it said.

Eligible travelers would be subjected to Covid-19 testing and further health requirements determined by respective country.

Currently, the VTL-Land would be limited to only bus transportation as a control mechanism and other modes of transportation will be included in stages.

"The Singapore-bound designated VTL-Land bus services will use Larkin Sentral Bus Terminal (Larkin Sentral) as the boarding and disembarkation point in Malaysia, whereas Queen Street Terminal (QST) as the boarding and disembarkation point in Singapore.

"Both governments have also agreed for a daily quota not exceeding 1,500 travelers at the initial stage, with weekly increments."

Travelers coming into Malaysia using the VTL-Land need to register at https://mysafetravel.gov.my/, while travelers from Malaysia to Singapore, are required to register at https://go.gov.sg/vtl-portal.

The registration is compulsory before purchase of tickets.

Details on the VTL-Land requirements can be found on https://www.miti.gov.my and https://www.safetravel.ica.gov.sg/.

On Nov 8, Malaysia and Singapore had announced a VTL between the Kuala Lumpur International Airport (KLIA) and Changi Airport starting Nov 29.

Under the VTL, fully-vaccinated will be allowed to travel between both countries, and be subjected to Covid-19 tests in lieu of serving quarantine or the stay-home notice.

However, those living in Johor Baru, who make up the bulk of Malaysians who work in Singapore, said that air travel limited their options because it meant they needed to take two flights to get to and from Singapore due to the transit at KLIA.

It was earlier reported that as of 2019, there were 952,261 Malaysians or Singaporeans of partial or full Malaysian origin residing in Singapore.

In addition to the permanent population in the country, about 350,000 Malaysians were crossing the Johor-Singapore Causeway daily to commute to work or school before the pandemic.

This community often includes white and blue collared workers as well as those students attending schools in the republic.

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Monday, 22 November 2021

Learn Common prosperity plan to build a fairer society in China

Cheah Cheng Hye: Malaysians should find this campaign of special interest because China, like Malaysia, is trying to break out of the “middle income trap”, a phenomenon faced by much of the developing world. Although Malaysia and China are different in many respects, they do share a common feature: an almost identical level of average incomes.

CHINA has launched a new campaign, called “Common Prosperity”, to improve the living standards of its people and make its society fairer.

Malaysians should find this campaign of special interest because China, like Malaysia, is trying to break out of the “middle income trap”, a phenomenon faced by much of the developing world.

Although Malaysia and China are different in many respects, they do share a common feature: an almost identical level of average incomes.

According to the World Bank, per capita gross domestic product in Malaysia and China were US$10,402 (RM43,517) and US$10,500 (RM43,927), respectively, in 2020. Thus, both are currently middle-income countries seeking to achieve developed-nation status in the medium-term future.

China’s plan is based largely on enlarging its middle class, by creating opportunities for the lower-income people, who currently make up a majority of its population, to become more productive and earn higher incomes. ADVERTISING

Already, China, with a population of 1.4 billion, has 340 million middle-class people, larger than the entire population of the United States. Some estimates put the Chinese middle class at more than 400 million, using a looser definition of “middle class” status.

Beijing aims to increase the middle class to 500 million by 2025 and about 750 million by 2035. Put another way, Beijing is looking for roughly half the mainland Chinese population to be middle class by 2035, compared with less than 30% today, using a conservative definition.To realise the plan, the Chinese economy will need to double in size by 2035, having just doubled from 2010 to 2021.

In recent months, the Common Prosperity plan has caused concern among some investors, who worry that it is a kind of “Robin Hood” campaign. This is simply wrong. One only has to look at the “Zhejiang Plan”, announced in mid-2021, to get a detailed picture.

Zhejiang province (population: 65 million), located in the Yangtze River delta in central China, has set 52 performance targets to achieve Common Prosperity. The government has stated that Zhejiang is a “demonstration zone”, intended as a model for the nation.

Investors can rest assured.

The plan supports private enterprise, innovation, market development and small and medium enterprises (SMEs).

The plan takes aim against monopolistic business practices, supports the concept of a level playing field in the economy and aims to deflate the real estate market.

As officials have repeatedly stated, the overall objective is to create a society that is olive shaped, not pyramid shaped.

The plan does not emphasise wealth distribution but aims to make society more productive and fairer, with measures added to promote social mobility and better welfare for the needy. It confirms that Beijing remains committed to “state capitalism” (a Chinese version of the concept of “stakeholder capitalism”, currently gaining support in the West).

Clearly, the market-opening, pro-business reforms of the past four decades are irreversible.

Currently, the private sector (China has about 40 million SMEs) provides 50% of tax revenues, 60% of gross domestic product, 70% of patent filings and more than 80% of urban employment.

China’s domestic stock market, which trades through exchanges in Shanghai, Shenzhen and Beijing, is today the world’s most active, with a daily trading volume about four times that of second place New York. Indeed, there is no turning back the clock on using capitalism to help socialism.

Over the past several months, Beijing has launched restrictive regulations against Internet platforms, property developers, after-school tutoring and so on. These are aimed at problems that can’t wait for longer-term solutions.

But the reality of Common Prosperity is that it is mainly about long-term structural reforms to create a more sustainable and inclusive society. President Xi Jinping himself has stated that the objectives will take decades to achieve.

Over time, stock markets and other capital markets are to be encouraged so that more savings can be channelled into manufacturing, innovation and green energy. Real estate development is a different matter. The government is sticking to its restrictions on real-estate investments as housing seems over-built and bubbles have formed.

So, will it work?

The Chinese public, it seems, is confident that Common Prosperity targets can be achieved, given the party’s strong track record, with 800 million people – roughly 10% of the global population – lifted out of extreme poverty over the past four decades.

Indeed, China has already come a long way; as recently as the early 1960s, parts of the country suffered from starvation.

But the obstacles to Common Prosperity cannot be under-estimated, ranging from geo-political tensions to an ageing population and the overheated property market.

Undoubtedly, Common Prosperity represents a shift leftwards in Chinese politics, after decades of liberal policies that enabled a privileged few to make a lot of money. Capital flight could become a persistent problem for China (as it is for Malaysia) as the rich move money to offshore shelters.

Furthermore, for Beijing, real estate is a particularly difficult balancing act, as the property sector represents about 25% of the Chinese economy and 40% of people’s savings.

In urban areas, 80% of households already own their own property, and 40% have second homes. Home prices are up 50% over the past decade.

The property boom is financed by heavy debts, putting financial stability at risk. Beijing has to find ways to cool down the property sector but avoid a hard landing for house prices.

China’s ageing population, too, is a headwind.

But the impact can be offset by improving productivity and innovation.

Here, China’s great success in education is helpful. Each year, China produces more than nine million university graduates, exceeding the combined total of the United States, Britain, Germany, Japan and South Korea. The Chinese graduates are concentrated in science, math and engineering.

In addition, about five million people complete vocational school each year with technical and trade skills. Chinese talent is on an upward spiral, meaning many problems can be overcome.

Common Prosperity is driven by the Communist Party of China, which has been in power since 1949, and has always identified itself as a party representing workers and peasants.

But now, the party has staked its brand on the success of the prosperity plan and in the process, it is transforming itself into a party for the middle class.

If successful, the party will lift China into the ranks of developed nations by 2035.

Datuk Seri Cheah Cheng Hye is the head of Value Partners Group, an asset management firm in Hong Kong. He is also an independent non-executive director of Hong Kong Exchanges and Clearing Ltd. He started his career as a reporter in The Star.

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Sunday, 21 November 2021

Booster shots vital in reducing Covid-19 infectivity rate

THIS week’s big discussion is whether people should or shouldn’t take the Covid-19 booster shot.

Social media is buzzing with the supposed repercussions and negative impacts of the third jab – the problem is, it’s all unfounded hearsay, and it is discouraging many people from getting their booster shots.

Last week, Health Minister Khairy Jamaluddin said 40% of those eligible for booster shots did not turn up for their appointments.

This is a real concern for Malaysia.

Health director-general Tan Sri Dr Noor Hisham Abdullah tweeted last week that Covid-19’s R-nought factor, a calculation of the average “spreadability” of an infectious disease, has also gone up again, past the 1.0 mark.

And once again, intensive care unit beds in the country’s local public hospitals are experiencing between 80% and 90% usage, which is critical.

All this means that getting the booster shot is urgent, just as it was previously vital that people get vaccinated.

Getting a booster shot is safe, as it has been given to millions of people worldwide with minimal side effects – more than 21 million Americans have received a booster, according to the Centres for Disease Control and Prevention website.

Don’t be confused or alarmed by talk in WhatsApp chat groups and social media.

Importantly, do not simply forward unverified information. Check and authenticate what you read, find out where the information came from – and your aunty’s next door neighbour’s cousin is not a believable source (unless he or she is a scientist)!

The booster shots – Sinovac, Pfizer-BioNTech and AstraZeneca-Oxford vaccines – have all been authorised for use by Malaysia’s National Pharmaceutical Regulatory Agency (NPRA).

The NPRA also says it’s OK for recipients of the Sinovac vaccine to get a different vaccine.

No government body would give its approval without researching studies and precedents.

The NPRA, the country’s drug control authority that authenticates the quality, efficacy and safety of all pharmaceutical products in Malaysia, would not risk its reputation and professionalism to allow boosters if it found them unsuitable.

Sinovac vaccine recipients who worry about being scheduled to have the Pfizer-BioNTech vaccine as a booster should take a look at studies conducted by Chile, Brazil, and Thailand on the use of the mix and match formula.

All three countries have successfully applied the mix-and-match – aka heterologous – formula to lessen the severity of infection among those who had completed their two Sinovac jabs.

People’s fear do need to be properly addressed, though. This is the time for the government to step up efforts to create awareness about the booster shot and how it can help to reduce the infectivity rate among the population.

There should be official channels to counter the adverse social media rumours and talk about the issue.

A barrage of official information could help counter the fake news and encourage more people to keep their MySejahtera appointments to get their booster shots and bring down the R-nought value.

And don’t forget that the highly infectious Delta variant is lurking within the population – booster shots are vital to keep it at bay and stop a spike in the number of cases.

We cannot afford to shut the country down again.

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