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By K Raveendran Mamata Banerjee’s refusal to resign after a decisive electoral defeat is a political act dressed up as constitutional ambiguity. It may create noise, spectacle and temporary uncertainty, but it does not create a sustainable claim to office. A chief minister holds power only so long as she commands the confidence of the […]

The article Mamata’s Defiance Makes A Mockery Of Constitutional Propriety appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The three-day industry gathering at the Malaysia International Trade and Exhibition Centre runs from 5 to 7 May and is expected to draw more than 20,000 policymakers, manufacturers, suppliers, investors, researchers and technology specialists. Held under the theme “Transform Tomorrow”, the event is being staged in strategic partnership with Malaysia’s Ministry of Investment, Trade and Industry and the Malaysian Investment Development Authority.

The launch ceremony was officiated by Datuk Seri Johari Abdul Ghani, Malaysia’s Minister of Investment, Trade and Industry, with senior SEMI executives, MIDA leadership and global semiconductor company representatives in attendance. The programme places manufacturing scale-up, advanced packaging, intelligent manufacturing, sustainability and workforce development at the centre of discussions, reflecting the industry’s shift from pure capacity expansion to more resilient and geographically diversified ecosystems.

Malaysia enters the event with a strong base in electrical and electronics manufacturing, particularly assembly, testing and packaging. The country has long been a critical node for chip back-end operations, with Penang and Kulim playing key roles in outsourced semiconductor assembly and test activity. The policy focus is now moving further up the value chain into chip design, advanced packaging, automation, materials, equipment support and higher-value manufacturing services.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, chief executive officer of MIDA, said Malaysia was no longer positioning itself as a passive beneficiary of industry shifts. “The semiconductor industry is at an inflection point, and Malaysia intends to be at the centre of what comes next,” he said, pointing to the MADANI Economy Framework and the New Industrial Master Plan 2030 as policy anchors for a broader industrial upgrade.

The E&E sector secured RM28.5 billion in approved investments in 2025, underlining continued investor interest despite a more fragmented global trade environment. Malaysia’s broader semiconductor strategy is focused on supply-chain integration, stronger domestic enterprise capability and talent development, as the country seeks to build a deeper industrial base around its existing production strengths.

Ajit Manocha, president and chief executive officer of SEMI, said closer coordination across design, manufacturing, materials and supply chains had become essential as artificial intelligence, high-performance computing and advanced electronics reshape demand. He said SEMICON Southeast Asia was designed not only as a technology showcase but as a platform for partnerships that can support long-term industry growth and resilience.

The timing of the Kuala Lumpur event is significant. Global semiconductor sales are on course to approach $1 trillion in 2026, driven largely by demand for AI accelerators, memory, advanced logic, data-centre infrastructure, automotive electronics and edge devices. Monthly industry sales crossed $99 billion in March 2026, while first-quarter sales were sharply higher than the previous quarter, showing the scale of the current upcycle.

Capital expenditure is also accelerating. Spending on 300mm fab equipment is projected to rise to about $133 billion in 2026 and $151 billion in 2027, as chipmakers expand capacity for advanced logic and memory while governments push for more localised semiconductor supply chains. Yet Southeast Asia remains under-represented in new front-end fabrication plans compared with China, Taiwan, South Korea, Japan and the United States, leaving room for Malaysia, Singapore, Vietnam, Thailand and the Philippines to compete more aggressively for future investment.

SEMICON Southeast Asia 2026 features the Executive Leadership Summit, the MIDA Strategic Semiconductor Forum and Seminar, the Sustainability and Energy Summit, TechZoomers Challenge and TalentCONNECT. These sessions are designed to connect policy, capital, manufacturing capability and workforce planning, rather than treating the exhibition as a conventional trade fair.

The emphasis on talent is especially important. Semiconductor expansion is being constrained not only by investment cycles and export controls but also by shortages of engineers, technicians, automation specialists and materials experts. Malaysia’s challenge is to match global investor confidence with a skilled workforce capable of supporting advanced packaging, precision manufacturing and design-linked activity.

By T N Ashok The verdict from India’s sprawling five-state assembly elections of 2026 has redrawn the country’s political map with a force few had anticipated. What began as a routine electoral cycle across West Bengal, Tamil Nadu, Kerala, Assam and Puducherry has culminated in something far more consequential: a consolidation of power for the […]

The article Fall Of Two Regional Pillars Mamata And Stalin Weakens Fight For Federal India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Union Minister for Electronics and Information Technology, Railways and Information and Broadcasting made the remarks at the ground-breaking ceremony of the Google Cloud India AI Hub in Visakhapatnam, a project carrying an estimated investment of $15 billion. The facility, planned with Adani ConneX and Airtel Nxtra, will include a 1GW hyperscale AI data centre, with about 600 acres allocated across Turluvada, Rambilli and Adavivaram in Andhra Pradesh.

Vaishnaw’s comments reflect a broader policy effort to shift India’s role from assembly-led electronics manufacturing to deeper participation in global technology supply chains. The government is seeking to build domestic capability across finished devices, modules, sub-modules, components, raw materials, tools and manufacturing machinery, a progression seen as essential for reducing import dependence and gaining a larger share of global production.

Mobile phones remain the strongest evidence of that transition. Electronics production has risen from about ₹1.9 lakh crore in 2014-15 to about ₹11.3 lakh crore in 2024-25, while electronics exports climbed from about ₹38,000 crore to about ₹3.3 lakh crore over the same period. Mobile phone production expanded from about ₹18,000 crore to roughly ₹5.5 lakh crore, and mobile phone exports rose from about ₹1,500 crore to nearly ₹2 lakh crore, making the category one of the country’s most visible export successes.

Smartphones have become a leading export product, with Apple, Samsung, Tata Electronics, Foxconn, Dixon Technologies and other manufacturers playing prominent roles in the production ecosystem. The shift has been supported by the Production Linked Incentive scheme for large-scale electronics manufacturing, which helped attract global brands and contract manufacturers to expand capacity. The sector’s next phase, however, will depend less on assembly incentives and more on the availability of components, precision engineering, skilled labour, predictable taxation and faster logistics.

The Google Cloud project adds a digital infrastructure dimension to this manufacturing agenda. Vaishnaw urged global technology companies, including Google, to consider manufacturing servers, GPUs and chips in the country, arguing that the domestic data centre boom could create demand for high-value electronics and advanced computing hardware. Visakhapatnam is being positioned as an artificial intelligence hub, with subsea cable links expected to improve global connectivity through routes connecting Australia, the Middle East, Europe, Africa and the United States.

Semiconductors are the most strategic part of the plan. The India Semiconductor Mission has already helped draw investment into assembly, testing, marking and packaging facilities, chip design centres and fabrication proposals. Approved projects across several states include packaging units, display driver chip capacity and compound semiconductor facilities. The sector remains capital-intensive and technologically demanding, and India is entering a field dominated by Taiwan, South Korea, the United States, Japan, the Netherlands and China. Timelines, execution quality and ecosystem depth will determine whether the country can move beyond packaging and design services into higher-value production.

The government’s target of building a $500 billion domestic electronics ecosystem by 2030-31 is ambitious. It requires not only export-led growth but also a domestic supplier base for printed circuit boards, camera modules, batteries, displays, sensors, connectors, power electronics and semiconductor materials. Without local component depth, headline export gains can mask high import content, limiting value addition and leaving manufacturers exposed to currency swings and global supply disruptions.

Industry executives have generally welcomed the policy focus but continue to point to operational challenges. High logistics costs, customs procedures, dependence on imported inputs, limited component clusters, power quality, land acquisition delays and uneven state-level implementation remain constraints. Global companies also compare India with Vietnam, Mexico, Malaysia and Thailand when allocating production, making policy certainty and execution speed critical.

Labour availability is one of India’s advantages. Electronics manufacturing has generated large-scale employment, including substantial hiring of young women in assembly lines and component facilities. This has helped states such as Tamil Nadu, Karnataka, Uttar Pradesh, Andhra Pradesh and Gujarat compete for investment. Yet sustained growth will require improvements in industrial training, factory housing, transport, safety standards and career progression, particularly as production moves from assembly to precision manufacturing.

Geopolitics has created an opening. Companies are diversifying supply chains because of trade tensions, tariff risks, pandemic-era disruptions and concerns over concentration in China. India’s democratic institutions, large market, engineering talent and improving infrastructure make it a credible candidate for “China plus one” strategies. The challenge is to convert interest into anchored manufacturing networks that include suppliers, tooling companies, testing labs, logistics providers and research partnerships.

In 2024, the two sides adopted an Action Plan to implement the Comprehensive Strategic Partnership for the 2024-2028 period. This document not only consolidates traditional areas of cooperation but also expands into new domains such as science and technology, innovation, digital transformation, energy and sustainable development.

Economy continues to be a bright spot in bilateral cooperation

Over the past decade, Vietnam-India economic cooperation has recorded significant positive developments. Bilateral trade turnover has maintained steady growth, increasing from over USD 14 billion in 2023 to nearly USD 16.5 billion in 2025, reflecting the increasingly close integration between the two dynamic Asian economies.

The structure of two-way trade has increasingly demonstrated complementarity. Vietnam has strengthened its exports of electronics, machinery, processed agricultural products, wood, and seafood, while India serves as an important supplier of steel, pharmaceuticals, chemicals, and textiles to Vietnam.

Amid the ongoing restructuring of global supply chains, both Vietnam and India are intensifying efforts to diversify their partners and reduce dependency risks. This creates significant room for the two countries to promote supply chain linkages in areas such as processing and manufacturing industries, supporting industries, logistics, and high-tech agriculture. Vietnam, with its strategic location in Southeast Asia, can serve as a gateway for Indian enterprises to expand their presence deeper into ASEAN, while India represents a vast market with rapidly increasing consumer demand.

Science and technology: a new driver for deeper cooperation

Scientific and technological cooperation has seen remarkable development recently, gradually shifting from exchanges to more substantive collaboration, tied to specific products and developmental needs. Priority areas of cooperation include information technology, biotechnology, clean energy, and digital transformation.

Several representative projects, such as the Satellite Data Receiving Station and Satellite Image Processing Center, the Vietnam-India Nuclear Science Center (Da Lat), the Army Software Park (Nha Trang), and the Center of Excellence in Software Development and Training (CESDT), have been contributing to enhancing Vietnam’s technological capacity. Notably, the Indian Technical and Economic Cooperation (ITEC) program continues to be an effective channel for human resource training, helping Vietnamese officials and experts access modern management knowledge and experience.

Against the backdrop of the vigorous Fourth Industrial Revolution, the potential for cooperation between the two countries remains vast. The two sides can expand their cooperation into emerging areas such as Artificial Intelligence, semiconductors, cybersecurity, fintech, and biotechnology, aiming for the goals of co-development and co-innovation. ­

Environmental cooperation and sustainable development are gradually expanding

In the context of increasingly complex climate change, environmental cooperation between Vietnam and India is becoming an important component of the bilateral agenda. Areas such as renewable energy, water resource management, circular economy, and disaster-resilient infrastructure are receiving growing attention and promotion from both sides.

Cooperation agreements in marine science, along with Quick Impact Projects (QIPs) supporting communities, such as clean water supply, drought mitigation, and saline intrusion prevention in the Mekong Delta, have delivered practical results. Vietnam’s participation in the Coalition for Disaster Resilient Infrastructure (CDRI), initiated by India, also opens up opportunities to strengthen cooperation in sustainable infrastructure and climate change adaptation.

In the coming period, areas encompassing solar energy, energy storage, waste management, marine pollution monitoring, and early warning systems for natural disasters are considered promising directions for cooperation.

Prospects for cooperation

The prospects for cooperation in the coming period are assessed as positive. With the economic and scientific-technological complementarity, along with strong political will from both sides, Vietnam-India relations have many favorable conditions to grow more strongly, particularly in areas such as the digital economy, green economy, innovation.

Orientations for promoting cooperation in the coming period

With a foundation of excellent relations and significant room for cooperation, the two countries have the basis to elevate the Comprehensive Strategic Partnership to a new height, making it increasingly substantive and effective in the new phase, particularly in the context of the two countries heading towards new high-level engagements with the state visit of General Secretary and President To Lam to India in May 2026.

To effectively capitalize on opportunities, both sides need to continue maintaining high-level exchanges, intergovernmental mechanisms and specialized dialogues, and further translate strategic commitments into cooperation programs and projects with clear roadmaps and resources.

In the economic field, efforts should be intensified to remove trade barriers, improve logistics connectivity, and promote the review and upgrading of the ASEAN – India Trade in Goods Agreement (AITIGA); strengthen the development of large-scale investment projects in priority areas such as pharmaceuticals, the marine economy, renewable energy, and supporting industries.

In the field of science and technology, establishing joint research cooperation mechanisms, strengthening linkages between research institutes, universities, enterprises, as well as promoting expert exchanges, technology transfer, and human resource training will play an important role.

In the environmental field, efforts should be directed toward building a comprehensive green cooperation framework, focusing on water management, marine science, plastic pollution reduction, clean energy, and disaster-resilient infrastructure, while also effectively leveraging regional initiatives such as the CDRI.

Hashtag: #MAE

The issuer is solely responsible for the content of this announcement.

By K Raveendran Election-season restraint on fuel pricing is giving way to a harsher economic reality, and Indian consumers are likely to feel the impact first through the everyday costs that rarely appear as headline inflation until they have already entered household budgets. Petrol, diesel and cooking fuel are not merely energy products in India; […]

The article With Elections Over, Realistic Pump Prices Only A Matter Of Time appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

• New strategy highlights synergy among Global Payment, Global Account and Inclusive and Embedded Finance services built on progress in AI and interoperability.
• As a foundation to the business, Ant International’s global payment services support over 300 payment methods, including more than 10 national QR systems and 50 digital wallets and bank apps, and exceed 20 million daily transactions on average.

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 April 2026 – Ant International now connects over 150 million global merchants with more than 2 billion user accounts globally, the company disclosed at its flagship MoMents 2026 fintech executive forum in Kuala Lumpur, Malaysia.

Ant International is a leading global digital payment, digitisation and financial technology provider. The company now supports 300+ payment methods in over 220 markets, including all card schemes, 50 mobile payment partners and more than 10 national QR systems, including Singapore’s SGQR, Malaysia’s DuitNow, South Korea’s ZeroPay, Thailand’s PromptPay, Indonesia’s QRIS, Sri Lanka’s LankaPay, and more. It recently onboarded more leading global e-wallets and bank apps such as iFAST Global Bank from the UK, KBank and SCB from Thailand, barq from Saudi Arabia and ShopeePay from Southeast Asia.

With an average of over 20 million transactions daily, Ant International is building broader market reach through new licenses and partnerships in Asia, Latin America and EMEA. In Vietnam, it partners with NAPAS and Vietcombank to roll out cross-border QR payment service, and is also working with the Ho Chi Minh City government on the development of an international financial centre. In Latin America, it formed a strategic partnership with Mexican fintech company R2 in late 2025, supporting the expansion of SME lending across the region. In the Middle East, Ant International collaborates with the Saudi Central Bank (SAMA) and national payment network mada, with plans to introduce Alipay+ cross-border QR payments in 2026. Its recent initiatives also include plans to roll out Islamic finance programs in Southeast Asia and other emerging markets.

While serving businesses in their global expansion, Ant International also ranks in first place in terms of the number of global accounts it has been managing for businesses, particularly SMEs, engaged in cross-border commerce.

“New models of financial interoperability and AI commerce give us powerful tools to help global giants as well as mom-and-pop shops to increase resilience and expand revenue streams,” said Peng Yang, CEO, Ant International. “A broader and deeper network means we can work with more partners on more levels to deliver more innovative, trusted, and high ROI fintech solutions in the world’s fastest growing markets.”

Layered solutions for enterprises, SMEs and emerging markets to achieve inclusive growth

Yang underlined a strategy to combine the forces of its four main businesses – Alipay+, Antom, Bettr and WorldFirst – to offer more connected growth solutions for businesses of all sizes.

• Global payment: Making payments a growth engine for businesses of all sizes to thrive in the global digital economy.
• Global account: Enabling AI-powered borderless global accounts for businesses of all sizes, and serving as the ticket to digital trade and commerce. This makes ‘born global’ a reality for all businesses from day one.
• Strategic value boosters: Leveraging innovation and technology to deliver embedded financing, credit and treasury solutions that power inclusive growth.
• Innovation and technology leadership: Grounded in extensive expertise in supporting global payments and businesses of all sizes, Ant International’s leading AI and blockchain solutions are co-developed with customers, partners and regulators to deliver real impact while ensuring security and compliance.

Go-to-market FinAI solutions for real-world problem solving

Working with top LLMs, card schemes and other fintechs, Ant International builds out FinAI capacities and solutions for merchants and financial institutions to tackle real-world growth and security challenges. Key examples include:

Agentic Mobile Protocol (AMP)

At MoMents 2026, Ant International has introduced the open-sourced AMP – the world’s first agentic payment framework designed for mobile interfaces – to help drive AI commerce. The protocol enables secure, AIOps-native agentic payment connection to mobile services including digital wallets, banking apps, super apps, and mobile portals from phones to wearable devices.

AI-as-a-Service Platform

Ant International’s AI-as-a-Service platform GenAI Cockpit equips fintech partners with tools to build a wide range of agentic solutions, from customer-service assistants to sales copilots. Malaysia’s leading e-wallet TNG eWallet, and easypaisa, Pakistan’s first digital bank, are using the platform to deliver better customer experiences with AI.

AI SHIELD

Ant International’s 3-in-1 risk management transformer maintains trust in the ecosystem by providing a robust security layer underpinning all transactions processed by the company. The model is supported by over 7 billion parameters, and combines graph, sequential and tabular data to identify high-risk transactions with over 95% precision, while improving payment success rates by up to 13.5%.

Falcon TST AI FX model

The industry-first MoE-based AI FX model makes long-term forecasts with prediction accuracy of up to 93%, leveraging over 8.5 billion parameters. Deployed internally at Ant International to manage cashflow and FX exposure on an hourly, daily and weekly basis, Falcon TST has helped to cut the company’s FX costs by up to 60%. The model was open-sourced in 2025 to expand access to its capabilities and invite collaboration to advance time-series learning.

EPOS360

A pioneering AI-powered SME app, EPOS360 integrates practical AI tools with POS system, payments, banking, financing and growth operations for small businesses. The suite of AI-powered tools and payment capabilities was launched in Singapore, and is also available to merchants in Malaysia as a mini-programme via TNG eWallet.

Antom Copilot

Antom Copilot provides automation and assistance for merchants based on learnings from real-world cases, improving efficiency of services such as chargeback dispute handling by up to 46%. Within a year of its launch, 72% of Antom-onboarded merchants completed self-service payment integration with the copilot.

At the MoMents 2026 fintech executive forum held in Kuala Lumpur, Malaysia, executives from global payment networks, banks, fintechs, tech companies, and governors came together to discuss the future of financial services in the era of AI commerce. Conversations focused on new forms of payment transformation, multi-layer global interoperability, super app evolution with AI-native tech, innovation of Islamic financing and initiatives around trust and security.

Ant International launched its Digital Business Center in Kuala Lumpur in 2024.
Hashtag: #AntInternational

The issuer is solely responsible for the content of this announcement.

About Ant International

Ant International is a leading global digital payment, digitisation and financial technology provider. Through collaboration across the private and public sectors, our unified techfin platform supports financial institutions and merchants of all sizes to achieve inclusive growth through a comprehensive range of cutting-edge digital payment and financial services solutions. To learn more, please visit https://www.ant-intl.com/

By K Raveendran Abu Dhabi’s decision to walk away from OPEC marks more than a dispute over barrels. It signals a recalibration of Gulf power, energy strategy and security alignments at a moment when the Iran war has exposed the limits of regional consensus. For decades, the UAE operated inside a cartel system dominated by […]

The article UAE Break From OPEC Reshapes Gulf Oil Politics appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).