Latest news with #B40
New Straits Times
a day ago
- General
- New Straits Times
Aidiladha: Istana Negara distributes sacrificial meat to 14,000 recipients
KUALA LUMPUR: A total of 14,000 individuals, including those from the asnaf (tithe recipient) group, received sacrificial meat contributed by Istana Negara in conjunction with this year's Aidiladha celebration. Comptroller of the Royal Household of Istana Negara Datuk Wira Zailani Hashim said His Majesty Sultan Ibrahim, King of Malaysia, had consented to the donation of 100 cows for the distribution. He said the recipients included Istana Negara staff, members of the B40 group in various government departments and agencies, orphans, tahfiz students, residents of Community Rehabilitation Centre and individuals from schools and institutions under the Federal Territories Islamic Religious Council (MAIWP) and Social Welfare Department. "In total, around 14,000 people have received or will receive the sacrificial meat," he told reporters at Surau Al Jannah, Pinggiran Bukit Jalil PPR today At the surau, four cows were sacrificed and the meat distributed to 225 asnaf in the surrounding area. Zailani, in his speech, said the contribution reflected the deep care and concern of Their Majesties Sultan Ibrahim and Raja Zarith Sofiah for the people, especially those in need. "This is not merely a donation of sacrificial meat, but a gesture that carries a profound message of compassion and empathy," he said. He added that such efforts should serve as an example for others - whether from the government, private sector or individuals, to cultivate a culture of giving and sharing. "In these challenging times, the values of togetherness, mutual support, and empathy are more important than ever. The spirit of sacrifice should be translated into continuous acts of kindness, not limited to festive occasions alone," he said. Meanwhile, Surau Al Jannah chairman Ismail Zainuddin expressed his gratitude to Istana Negara for the contribution. "This is the first time we have received sacrificial meat from Istana Negara. Alhamdulillah, the contribution has been a great help to the asnaf in this area," he said. He added that the PPR community consists of five housing blocks and that residents had shown strong support for the programme. — BERNAMA
The Star
2 days ago
- General
- The Star
Istana Negara distributes sacrificial meat to 14,000 recipients
KUALA LUMPUR: A total of 14,000 individuals, including those from the asnaf (tithe recipient) group, received sacrificial meat contributed by Istana Negara in conjunction with this year's Hari Raya Aidiladha celebration. Comptroller of the Royal Household of Istana Negara Datuk Wira Zailani Hashim said His Majesty Sultan Ibrahim, King of Malaysia, had consented to the donation of 100 cows for the distribution. Zailani said the recipients included Istana Negara staff, members of the B40 group in various government departments and agencies, orphans, tahfiz students, residents of Community Rehabilitation Centre and individuals from schools and institutions under the Federal Territories Islamic Religious Council and Social Welfare Department. "In total, around 14,000 people have received or will receive the sacrificial meat,' he told reporters at Surau Al Jannah, Pinggiran Bukit Jalil PPR on Monday (June 9). At the surau, four cows were sacrificed and the meat distributed to 225 asnaf in the surrounding area. Zailani, in his speech, said the contribution reflected the deep care and concern of Their Majesties Sultan Ibrahim and Raja Zarith Sofiah for the people, especially those in need. "This is not merely a donation of sacrificial meat but a gesture that carries a profound message of compassion and empathy,' he said. He added that such efforts should serve as an example for others - whether from the government, private sector or individuals, to cultivate a culture of giving and sharing. "In these challenging times, the values of togetherness, mutual support and empathy are more important than ever. "The spirit of sacrifice should be translated into continuous acts of kindness, not limited to festive occasions,' he said. Meanwhile, Surau Al Jannah chairman Ismail Zainuddin expressed his gratitude to Istana Negara for the contribution. "This is the first time we have received sacrificial meat from Istana Negara. Alhamdulillah, the contribution has been a great help to the asnaf in the area,' he said. Ismail added that the PPR community consists of five housing blocks and that residents had shown strong support for the programme. - Bernama
Malay Mail
2 days ago
- Business
- Malay Mail
Social protection programmes key to poverty reduction — Suhaiza Hanim Mohamad Zailani
JUNE 8 — Malaysia has stepped up efforts to reduce poverty in recent years through targeted social protection programmes, particularly those aimed at the B40 income category. However, the effectiveness and breadth of these programmes are called into question since growing living expenses continue to strain all income levels, including M40. The B40 in Malaysia's social protection environment Targeted assistance for the Bottom 40 per cent (B40) income group is the central tenet of Malaysia's approach to reducing poverty. Programmes like Bantuan Sara Hidup (BSH), Bantuan Prihatin Rakyat (BPR), and the more recent measures unveiled in Budget 2025 aim to help low-income households cope with the rising cost of living. These initiatives provide needy families short-term financial relief through subsidies, housing assistance, and cash help. Malaysia has stepped up efforts to reduce poverty in recent years through targeted social protection programmes, particularly those aimed at the B40 income category. However, the effectiveness and breadth of these programmes are called into question since growing living expenses continue to strain all income levels, including M40. — Bernama pic The Department of Statistics Malaysia (DOSM) statistics, however, show that although these programmes provide short-term respite, they cannot significantly improve families' long-term economic standing. A recent report from the DOSM states that the average income of B40 has increased by only 1.5 per cent per year, which is not enough to keep up with inflation. Many people still have limited purchasing power as a result, particularly given the sharp increase in the price of food and housing. As such, Prime Minister Anwar Ibrahim has underlined the government's will to address these problems, promising to lower costs and increase accessibility to necessities to ease financial burdens. Critics contend that monetary distributions could not alleviate underlying economic inequities despite these guarantees. 'Malaysia's B40 will continue to face an uphill struggle against poverty without structural reforms in education, employment, and wage policies,' one economist noted. Global social protection models: Achievements and insights for Malaysia Various social protection regimes worldwide have successfully reduced poverty, particularly when multifaceted and sustainable approaches are used. One programme generally commended for decreasing severe poverty is Brazil's Bolsa Família, which goes beyond cash transfers by requiring families to comply with health and education standards. This strategy has broken the cycle of intergenerational poverty, which has had a profoundly positive effect. Another practical example is the Basic Livelihood Security Programme (BLSP) in South Korea, which combines financial help with housing assistance, skill development, and job support. By linking financial aid to social services and job training, the BLSP has decreased poverty rates and enhanced recipients' capacity to find steady work, encouraging long-term independence. South Korea's strategy emphasises the necessity of a comprehensive social safety net that fosters employment and skill development. Similarly, the European Union's 'Active Inclusion' approach supports beneficiaries by combining labour market reforms with social protection, offering financial assistance and work placements. Malaysian approach gaps: Going beyond financial aid Though Malaysia's B40 initiatives offer much-needed financial assistance, they don't have the same cohesive structure as nations like Brazil and South Korea. Due to the lack of a multifaceted strategy, B40 beneficiaries' ability to achieve economic independence is restricted. According to a local economist, 'Despite its usefulness, monetary aid frequently results in dependency if employment-based and educational initiatives do not accompany it.' In addition to providing help, we must empower beneficiaries. The main drawback is that Malaysia's social security system primarily uses short-term financial assistance to combat poverty rather than focusing on long-term empowerment initiatives. On the other hand, effective schemes, such as the BLSP in South Korea, strongly emphasise developing human capital, providing work opportunities and skill training to recipients as part of their social benefits. Another gap is the availability of affordable housing. Although Malaysian authorities have started projects to provide inexpensive housing, they are frequently focused in metropolitan areas where demand outpaces supply, underserving rural and peri-urban locations. Future directions for Malaysia: Establishing a comprehensive social safety system Motivated by South Korea's BLSP and Brazil's Bolsa Família, Malaysia might benefit from implementing a more all-encompassing strategy that incorporates job assistance and skill development to improve the efficacy of social security. Working with social services and career development programmes might pave the way for the B40 to become resilient and financially independent. Furthermore, prioritising accessible education and universal healthcare will guarantee that fundamental necessities are satisfied, lessening the financial burden on low-income households. These steps would align with international best practices, calling governments to establish safety nets that do more than alleviate acute misery. Finally, increasing social protection in underprivileged regions might improve living conditions for low-income people in rural and urban areas, addressing regional disparity concerns. When Malaysia prepares for Budget 2025, adding these components might turn the B40 support system into a cornerstone for long-term, sustainable poverty alleviation. In conclusion: Using holistic reform to close the gap A move towards a more integrated strategy might enhance results for the B40 and beyond as Malaysia's social protection programmes continue to develop. As demonstrated by international examples, providing routes to education, work, and self-sufficiency is necessary to reduce poverty effectively. If these all-inclusive models are emulated, all Malaysians might gain from the country's progress, which could help Malaysia close the gap in economic inequality. * The author is the Director of the Ungku Aziz Centre for Development Studies, Universiti Malaya. She may be reached at [email protected]. ** This is the personal opinion of the writer or publication and does not necessarily represent the views of Malay Mail.
Yahoo
4 days ago
- Business
- Yahoo
Status Of Nvidia's China Re-Entry Is Unclear After Supplier's Announcement Is Retracted
Nvidia reportedly plans to re-enter the China AI chip market with a processor called the B40, a supplier said Thursday.
Yahoo
4 days ago
- Business
- Yahoo
Nvidia (NVDA) Seeks Return to China with New B40 AI Chip
Nvidia (NVDA, Financials) is preparing to reenter China's AI data center market with a custom B40 processor, Shenzhen-based ZJK Industrial said Thursday. ZJK plans to begin mass production of the B40 chip as early as this month, aiming to meet growing demand for Nvidia's B40 project, according to a company news release. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The B40 accelerator is based on Nvidia's Blackwell architecture and targets mid- to high-end Chinese customers. Nvidia has been unable to ship AI data center products to China since the U.S. government barred its H20 processor in early April. We are still evaluating our limited options. Until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China's $50 billion data center market, an Nvidia spokesperson said. On Thursday, Nvidia shares fell 1.4 percent to $139.99 in New York trading. Meanwhile, ZJK Industrial stock jumped 12 percent to close at 5.40 in Shenzhen. ZJK, which supplies precision components for electronic and AI systems, said that B40 shipments could exceed one million units by year-end, complementing Nvidia's global RTX Pro 6000 workstation graphics cards. Nvidia CEO Jensen Huang told analysts on a May 28 conference call that the company is exploring options to serve Chinese customers again. If the B40 design receives U.S. approval, Nvidia could regain access to China's lucrative data center market. For now, Chinese partners such as ZJK are taking the lead in adapting Nvidia's architecture to local regulations and demand. This article first appeared on GuruFocus. Sign in to access your portfolio
