From Malay Mail · · 1m 10s
Opposition Proposes Reenas for RM800b Rare Earth Wealth
Malaysian opposition suggests national entity to manage RM800b rare earth wealth and prevent illegal mining losses.
In brief
Malaysian opposition suggests national entity to manage RM800b rare earth wealth and prevent illegal mining losses. Malaysian opposition proposes Reenas to manage RM800 billion rare earth elements and prevent illegal mining losses. Originally reported by Malay Mail.
Opposition Proposes Reenas
Malaysian opposition suggests national entity to manage rare earth elements as national wealth.
“We therefore propose the establishment of Reenas to manage these resources in an integrated manner, from exploration to the processing of downstream products”
RM800b Rare Earth Wealth
Opposition leader says non-radioactive raw materials worth more than rm800 billion risk undervaluation and illegal mining.
“the entity was necessary to prevent non-radioactive raw materials worth more than rm800 billion from being sold cheaply without value-added processing or lost through illegal mining activities”
Energy Powerhouse Goal
Opposition wants Malaysia to become aasean energy powerhouse by exporting clean energy and developing energy technology.
“Malaysia needed to move beyond merely selling cheap electricity to foreign data centres and instead become an asean energy powerhouse by exporting clean energy, owning regional grid infrastructure and developing energy technology”
Nuclear Power Plan
Opposition urges government to build nuclear power reactors for stable electricity supply with clear roadmap.
“Hamzah also urged the government to consider building nuclear power reactors to ensure a stable national electricity supply, with a clear roadmap and timeline for implementation”
National Sovereign Data Centre
Opposition suggests national sovereign data centre to store sensitive government data within malaysia by 2040.
“Data centre usage is expected to increase 18-fold by 2040. Sensitive government data must be stored within the country, with encryption keys held by local agencies rather than relying on foreign public cloud services”
AI Governance Bill
Opposition proposes ai governance bill to mitigate risks of confidential information breaches.
“enact an artificial intelligence (ai) governance bill to mitigate the risk of breaches involving the country’s confidential information”
Social Assistance Continuation
Opposition supports continuation of rahmah cash contribution and rahmah basic contribution programs.
“he welcomed the government’s decision to continue social assistance programmes such as the rahmah cash contribution (str), rahmah basic contribution (sara) and rahmah sales”
MSME Incentive Fund
Opposition proposes msme incentive fund to offset challenges from new minimum wage law implementation.
“he proposed setting up a micro, small and medium enterprises (msme) incentive fund through the social security organisation (perkeso), alongside corporate tax relief for employers who raised workers’ wages”
The essence
Malaysian opposition proposes Reenas to manage RM800 billion rare earth elements and prevent illegal mining losses.
