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POLICY MEMORANDUM TO BURSA MALAYSIASubject:Mandatory Suspension and Capital Restoration Framework for PN17 Companies Usi...
12/01/2026

POLICY MEMORANDUM TO BURSA MALAYSIA
Subject:

Mandatory Suspension and Capital Restoration Framework for PN17 Companies Using Real Asset Injection

Purpose

This memorandum proposes a preventive and restorative regulatory framework for PN17 companies, grounded in capital survival thresholds and real economic recovery, to protect investors and restore market integrity in view of down trend affected by world scenario caused by AI and robotic intervention affecting the world economic scenario...

1. Problem Statement

PN17 status represents structural corporate failure, not temporary volatility.
Current practices allow:

Continued trading despite critically weakened capital

Ongoing extraction of value through management salaries and perks

Repeated extensions without real recovery

Progressive destruction of minority shareholder value

This creates systemic moral hazard and undermines confidence in the Malaysian capital market.

2. Capital Survival Threshold Principle
Financial Analogy

A listed company originally priced at RM1 IPO that falls to RM0.30 (30%) or below has lost 70% of its capital strength.

Bioelectric Analogy

Healthy human cells: –70 mV

Danger threshold: –30 mV

Below –30 mV: cellular collapse and cancer development

Conclusion:
A company trading at ≤30% of IPO price is in capital collapse mode, analogous to a cell entering pathological failure.

3. Proposed Regulatory Rule
Automatic Capital Protection Trigger

Any listed company whose share price falls to 30% or below of its IPO price shall be automatically suspended.

Suspension is protective, not punitive.

4. Conditions for Reinstatement

Reinstatement must be based on real economic recovery, not accounting adjustments.

Approved methods:

Fresh cash injection

Injection of income-generating assets

Injection of operational business units

Injection of productive technology assets

Disallowed methods:

Repeated deadline extensions

Cosmetic restructuring

Paper profits

Salary continuation without turnaround performance

5. Alignment With IPON Asset-Injection Solution Model
IPON Model Overview

The IPON model restores failing entities by injecting productive bioelectric medical assets, not debt or dilution.

These assets:

Are revenue-generating

Are operationally deployable immediately

Serve public health and social value

Convert listed shells into functional operating entities

Application to PN17 Companies

Under Bursa supervision, PN17 entities may be revived through:

Injection of IPON bioelectric machines as tangible assets

Immediate deployment via wellness centers, clinics, or service networks

Revenue generation replacing speculative valuation

Capital restoration through real cash flow, not dilution

This mirrors biological repair:

Restore cellular energy first, then normal function returns.

6. Governance Safeguards

Executive remuneration capped during PN17 recovery phase

Mandatory disclosure of asset performance post-injection

Shareholder approval for all asset injections

Independent valuation of injected assets

7. Expected Outcomes

Stronger investor protection

Reduced PN17 abuse

Higher listing standards

Faster, real recoveries

Restoration of Bursa Malaysia’s credibility

8. Closing Statement

A stock exchange is a capital health system.

When corporate capital falls below survival threshold,
intervention must be mandatory—just as in medicine. INFOGRAPHIC: CELL VOLTAGE vs SHARE PRICE COLLAPSE
Title

When Capital Energy Collapses: Biology & Markets Follow the Same Law

LEFT PANEL – HUMAN CELL (Vertical Scale)

–70 mV (Green): Healthy Cell

Normal repair & regeneration

–50 mV (Yellow): Stress

Fatigue, inflammation

–30 mV (Red): Danger Zone

Repair stops

Below –30 mV (Black): Disease / Cancer

Systemic failure

RIGHT PANEL – LISTED COMPANY (Vertical Scale)

100% IPO Price (Green): Healthy Company

Strong capital, growth

50% IPO Price (Yellow): Distress

Loss of confidence

30% IPO Price (Red): PN17 Danger Zone

Capital collapse

Below 30% (Black): Value Extraction Phase

Shareholders lose, insiders survive

BOTTOM CONNECTOR

Same Principle. Same Outcome.
Restore Energy or Suspend Activity.

CALLOUT BOX

IPON Solution:
Inject real assets → restore capital energy → resume healthy operation MINISTERIAL BRIEFING NOTE
Subject:

Strengthening PN17 Oversight to Protect Investors and Restore Market Integrity Through Real Asset Injection

Prepared for:

Minister / Deputy Minister
(Ministry of Finance / Ministry of Investment, Trade and Industry)

1. Executive Summary

PN17 companies represent a structural weakness within the capital market that exposes retail investors to prolonged losses while allowing value extraction by insiders.

Current mechanisms focus on extensions and restructuring, but often fail to deliver real capital restoration. This briefing proposes:

A clear capital survival threshold

Automatic protective suspension

Recovery via real asset injection, not paper restructuring

A pilot recovery model using productive operating assets (e.g. IPON bioelectric medical equipment)

The objective is to protect investors, restore confidence, and raise listing discipline without burdening public funds.

2. The Core Issue

Key observations across PN17 entities:

Share prices commonly fall below 30% of IPO value

Capital structure becomes non-viable

Minority shareholders continue to bear losses

Management often continues remuneration and benefits

Turnaround plans rely heavily on accounting measures, not operational recovery

This creates a moral hazard and weakens public trust in the equity market.

3. Capital Survival Threshold Concept

A simple, transparent benchmark is proposed:

When a listed company’s share price falls to 30% or below of its IPO price, it signals capital collapse rather than market volatility.

This mirrors biological systems where, once energy falls below a critical threshold, normal function ceases unless external intervention occurs.

4. Proposed Regulatory Direction
A. Automatic Protective Suspension

Triggered at ≤30% of IPO price

Objective: stop further erosion, not punish the company

B. Mandatory Capital Restoration

Reinstatement permitted only upon:

Fresh cash injection or

Injection of real, income-generating assets

Injection of operating businesses or technologies

Extensions without tangible recovery should be limited.

5. Why Asset Injection Matters

Preserves shareholder value

Converts speculative shells into operating entities

Avoids repeated dilution

Encourages responsible corporate stewardship

Aligns capital markets with real-economy productivity

6. Strategic Opportunity: Asset-Based Recovery Pilot

Malaysia can lead the region by piloting a regulated PN17 recovery framework using productive assets—without government bailouts.

This aligns with:

Investor protection

Capital market reform

Healthcare innovation

Social impact without fiscal strain

7. Ministerial Decision Points

The Minister may consider directing:

Bursa Malaysia & SC to study a 30% capital survival trigger

Design of a PN17 Asset-Injection Recovery Framework

Approval of a limited pilot programme (details below)

8. Conclusion

A capital market must intervene before irreversible damage occurs.

Early, rule-based action restores trust, discipline, and long-term sustainability.

PN17 RECOVERY PILOT PROPOSAL
Asset-Injection Turnaround Model Using IPON Bioelectric Assets
1. Pilot Objective

To demonstrate that PN17 companies can be revived through the injection of productive, revenue-generating assets, rather than prolonged restructuring or dilution.

2. Pilot Scope

3–5 PN17 companies

Selected across non-financial sectors

Companies with minimal litigation exposure

Willing boards and shareholder consent

3. Recovery Model: IPON Asset Injection
Injected Assets

IPON bioelectric medical machines

Valued as tangible operating assets

Independently assessed and disclosed

Deployment

Operated through:

Wellness centres

Medical partners

Community health programmes

Immediate service-based revenue

4. Why IPON Assets Are Suitable

High utilisation rate

Non-speculative

Not dependent on export cycles

Generates recurring cash flow

Aligns with ageing population and preventive healthcare demand

Strong social benefit profile

5. Capital Restoration Mechanism

Assets injected into PN17 entity

Company resumes operations with real revenue

Cash flow improves balance sheet

Share price stabilises organically

Trading reinstated upon meeting thresholds

6. Governance & Safeguards

Independent valuation of assets

Executive remuneration capped during recovery

Quarterly performance disclosure

Bursa / SC oversight

Shareholder approval mandatory

7. Success Metrics

Share price recovery above 30% threshold

Positive operating cash flow

Reduced reliance on extensions

Improved minority shareholder outcomes

Replicable model for future PN17 cases

8. Cost to Government

Zero fiscal outlay

Regulatory oversight only

Private assets, private risk, public benefit

9. Strategic Impact

Raises PN17 recovery standards

Reduces abuse of listed status

Positions Malaysia as a capital market reform leader

Bridges capital markets with real-economy productivity...10. Closing Statement

This pilot treats capital collapse as a recoverable condition, provided real energy is injected early.

It replaces delay with discipline.
Speculation with production.
And erosion with restoration.致马来西亚证券交易所的政策备忘录

主题:

针对使用实物资产注入的PN17公司的强制停牌和资本恢复框架

目的

本备忘录旨在为PN17公司提出一项预防性和恢复性监管框架,该框架以资本生存门槛和实际经济复苏为基础,旨在保护投资者并恢复市场诚信,以应对人工智能和机器人干预导致的全球经济下行趋势……

1. 问题陈述

PN17状态代表的是结构性企业失败,而非暂时的波动。

目前的做法导致:

资本严重受损的情况下仍继续交易

通过管理层薪酬和福利持续榨取价值

反复延期但未实现真正的复苏

少数股东价值逐步被破坏

这造成了系统性的道德风险,并削弱了人们对马来西亚资本市场的信心。

2. 资本生存阈值原则

金融类比

一家最初发行价为1令吉的上市公司,如果股价跌至0.30令吉(30%)或以下,则其资本实力已损失70%。

生物电类比

健康的人体细胞:-70毫伏

危险阈值:-30毫伏

低于-30毫伏:细胞崩溃和癌症发展

结论:

股价跌至发行价30%或以下的公司处于资本崩溃状态,类似于细胞进入病理性衰竭。

3. 拟议监管规则

自动资本保护触发机制

任何上市公司,如果股价跌至发行价的30%或以下,将被自动停牌。

停牌是保护性的,而非惩罚性的。

4. 复牌条件

复牌必须基于实际经济复苏,而非会计调整。

已批准的方法:

注入新资金

注入创收资产

注入运营业务单元

注入生产性技术资产

不被允许的方法:

反复延长期限

表面重组

账面利润

业绩未见好转却继续支付工资

5. 与 IPON 资产注入解决方案模式的契合度

IPON 模式概述

IPON 模式通过注入生产性生物电子医疗资产(而非债务或股权稀释)来挽救陷入困境的企业。

这些资产:

能够产生收益

可立即投入运营

服务于公共卫生和社会价值

将上市空壳公司转变为功能齐全的运营实体

适用于PN17类公司

在马来西亚证券交易所(Bursa)的监管下,PN17类公司可通过以下方式重获新生:

注入IPON生物电装置作为有形资产

通过健康中心、诊所或服务网络立即投入运营

以收益取代投机性估值

通过实际现金流而非股权稀释实现资本恢复

这与生物修复过程类似:

首先恢复细胞能量,然后恢复正常功能。

6. 公司治理保障措施

PN17恢复阶段高管薪酬上限

强制披露注资后资产表现

所有资产注资均需获得股东批准

对注资资产进行独立估值

7. 预期成果

加强投资者保护

减少PN17滥用

提高上市标准

更快、更真实的复苏

恢复马来西亚证券交易所的信誉

8. 结语

证券交易所是资本健康系统。

当公司资本低于生存门槛时,

必须采取干预措施——就像在医疗领域一样。信息图:细胞电压与股价崩盘

标题

当资本能量崩溃时:生物学与市场遵循同一规律

左图 – 人体细胞(纵坐标)

-70 mV(绿色):健康细胞

正常修复与再生

-50 mV(黄色):压力

疲劳、炎症

-30 mV(红色):危险区域

修复停止

低于 -30 mV(黑色):疾病/癌症

系统性衰竭

右图 – 上市公司(纵坐标)

100% IPO 价格(绿色):健康公司

资本雄厚,增长强劲

50% IPO 价格(黄色):困境

信心丧失

30% IPO 价格(红色):PN17 危险区域

资本崩溃

低于 30%(黑色):价值榨取阶段

股东受损,内部人士幸存

底部连接符

同样的原则,同样的结果。

恢复活力或暂停运营。

标注框

IPO解决方案:

注入实物资产 → 恢复资本活力 → 恢复正常运营..部长级简报

主题:

通过注入实物资产加强对PN17公司的监管,以保护投资者并恢复市场诚信

提交对象:

部长/副部长

(财政部/投资、贸易和工业部)

1. 执行摘要

PN17公司代表着资本市场的结构性缺陷,使散户投资者面临长期损失,同时又允许内部人士攫取价值。

现有机制侧重于延期和重组,但往往无法实现真正​​的资本恢复。本简报提出:

明确的资本生存门槛

自动保护性停牌

通过注入实物资产而非纸面重组进行恢复

使用生产性运营资产(例如IPON生物电医疗设备)的试点恢复模式

目标是在不增加公共资金负担的情况下,保护投资者、恢复信心并提高上市纪律。

2. 核心问题

PN17 实体的主要观察结果:

股价通常跌破 IPO 发行价的 30%

资本结构变得不可持续

少数股东持续蒙受损失

管理层往往继续领取薪酬和福利

扭亏为盈计划严重依赖会计指标,而非运营复苏

这会造成道德风险,并削弱公众对股票市场的信任。

3. 资本生存阈值概念

我们提出一个简单透明的基准:

当一家上市公司的股价跌至 IPO 发行价的 30% 或以下时,这表明资本崩溃,而非市场波动。

这与生物系统类似,一旦能量低于临界阈值,除非有外部干预,否则正常功能就会停止。

4. 拟议监管方向

A. 自动保护性暂停

触发条件:股价低于或等于首次公开募股(IPO)价格的30%

目标:阻止股价进一步下跌,而非惩罚公司

B. 强制性资本恢复

仅在以下情况下允许恢复:

注入新的现金或

注入实际的、能够产生收入的资产

注入运营业务或技术

在没有实际复苏的情况下,延期应受到限制。

5. 资产注入的重要性

维护股东价值

将投机性空壳公司转变为运营实体

避免反复稀释股权

鼓励负责任的企业管理

使资本市场与实体经济生产力保持一致

6. 战略机遇:基于资产的复苏试点

马来西亚可以通过试点使用生产性资产的受监管的PN17复苏框架,引领该地区,而无需政府救助。

这与以下目标相符:

投资者保护

资本市场改革

医疗保健创新

在不增加财政负担的情况下实现社会效益

7. 部长决策要点

部长可考虑指示:

马来西亚证券交易所和证券委员会研究30%资本生存触发机制

设计PN17资产注入复苏框架

批准一项有限的试点计划(详情见下文)

8. 结论

资本市场必须在造成不可逆转的损害之前进行干预。

早期、基于规则的行动能够恢复信任、纪律和长期可持续性。

PN17复苏试点提案

利用IPON生物电资产的资产注入扭亏为盈模式

1. 试点目标

证明PN17公司可以通过注入生产性、创收资产而非长期重组或股权稀释来复苏。

2. 试点范围

3-5 家 PN17 公司

从非金融行业中遴选

诉讼风险极低的公司

董事会和股东均同意

3. 恢复模式:IPON 资产注入

注入资产

IPON 生物电医疗设备

按有形运营资产估值

经独立评估并披露

部署

通过以下渠道运营:

健康中心

医疗合作伙伴

社区健康项目

即时服务收入

4. IPON 资产的优势

高利用率

非投机性

不依赖出口周期

产生持续现金流

符合人口老龄化和预防性医疗保健需求

具有显著的社会效益

5. 资本恢复机制

资产注入 PN17 实体

公司恢复运营并获得实际收入

现金流改善资产负债表

股价稳定有机增长

达到门槛后恢复交易

6. 公司治理与保障措施

资产独立估值

复苏期间高管薪酬上限

季度业绩披露

马来西亚证券交易所/证券委员会监管

股东批准为强制性要求

7. 成功指标

股价回升超过30%门槛

正向经营现金流

减少对延期的依赖

改善少数股东权益

可复制的模式,适用于未来的PN17案例

8. 政府成本

零财政支出

仅需监管

私有资产,私有风险,公共利益

9. 战略影响

提高PN17复苏标准

减少滥用上市地位的行为

使马来西亚成为资本市场改革的领导者

连接资本市场与实体经济生产力

220
10. 结语

这项试点计划将资本崩溃视为一种可逆转的局面,前提是及早注入真正的动力。

它以纪律取代拖延,

以生产取代投机,

以修复取代侵蚀。

12/01/2026

'We are seeing some some real and life-changing issues occurring'

12/01/2026
💡 IPON’s Immediate SolutionIPON is ready to act now, providing practical, income-generating opportunities for those affe...
12/01/2026

💡 IPON’s Immediate Solution

IPON is ready to act now, providing practical, income-generating opportunities for those affected by automation and AI disruption:

Retraining for displaced workers, retirees, homemakers, and jobseekers

Home-based or small community bioelectric recharging services

Serving a growing demand for preventive, regenerative, and affordable health solutions

Key Benefits:

Minimal land and infrastructure required

Human-centred, not automation-dependent

Creates direct service-based income

Aligns with ageing population and public-health needs

📈 How It Complements Long-Term Workforce & AI Transition Policies

While IPON addresses immediate workforce gaps, broader structural strategies are essential to ensure Malaysia thrives in an AI-driven economy:

Workforce Development & Skills Alignment

Reskilling programs must match labour supply with emerging sectors (AI, semiconductors, green tech).

IPON provides accessible service-based skills, bridging gaps for workers unable to immediately enter high-tech industries.

Technology Transition Planning

Policies must ensure automation adoption protects human employment.

IPON demonstrates human-led service models where technology complements rather than replaces people.

Economic and Social Safety Nets

Support like training stipends, income protection, and health coverage ensures workers transition safely.

Decentralised services like IPON’s bioelectric recharging model create complementary income streams.

Collaboration Across Sectors

Government, industry, education, and community initiatives must coordinate to make job creation inclusive.

IPON acts as a bridge between workforce and real-world demand for health services, providing immediate employment while broader policies take effect.

🔹 Conclusion

Economic growth alone does not guarantee social stability.
How growth is translated into livelihoods during an AI-driven transition will define Malaysia’s economic and political future.

IPON stands ready to be part of the practical solution, creating immediate, human-centred opportunities and complementing long-term policies to ensure Malaysians remain productive, financially secure, and healthy in the era of automation and AI.💡 IPON 的即时解决方案

IPON 已做好充分准备,立即行动,为受自动化和人工智能变革影响的人们提供切实可行的创收机会:

为失业工人、退休人员、家庭主妇和求职者提供再培训

提供居家或小型社区生物电充电服务

满足日益增长的预防性、再生性和经济实惠的健康解决方案需求

主要优势:

所需土地和基础设施极少

以人为本,不依赖自动化

创造直接服务收入

符合人口老龄化和公共卫生需求

📈 如何补充长期劳动力和人工智能转型政策

IPON 在解决当前劳动力缺口的同时,更广泛的结构性战略对于确保马来西亚在人工智能驱动的经济中蓬勃发展至关重要:

劳动力发展与技能匹配

再培训计划必须使劳动力供应与新兴行业(人工智能、半导体、绿色科技)相匹配。

IPON 提供便捷的服务型技能培训,弥合那些无法立即进入高科技行业的劳动者所面临的技能缺口。

技术转型规划

政策必须确保自动化应用能够保障人类就业。

IPON 展示了以人为本的服务模式,其中技术是辅助而非取代人类。

经济和社会保障体系

培训津贴、收入保障和医疗保险等支持措施确保劳动者安全过渡。

IPON 的生物电充电模式等分散式服务创造了补充性收入来源。

跨部门合作

政府、行业、教育和社区机构必须协调合作,确保就业机会的包容性。

IPON 充当劳动力与现实世界对医疗服务需求之间的桥梁,在更广泛的政策生效期间提供即时就业机会。

🔹 结论

经济增长本身并不能保证社会稳定。

在人工智能驱动的转型过程中,经济增长如何转化为民生,将决定马来西亚的经济和政治未来。

IPON 已做好准备成为切实解决方案的一部分,创造以人为本的即时机会,并完善长期政策,以确保马来西亚人在自动化和人工智能时代保持生产力、财务安全和健康。

BANGI: The Madani government is prioritising efforts to address the cost of living and improve the ease of doing business, alongside ensuring continued economic stability, says Communications Minister Datuk Fahmi Fadzil.

12/01/2026

📌 1) Public Complaints & Sentiment on KLIA Aerotrain

Across social media and public comments, the main themes include:

🚉 Frequent Breakdowns & Reliability

Many users highlight recurring breakdowns soon after the new Aerotrain’s relaunch in July 2025, with multiple incidents within months, including power failures and trains stalling mid‑trip.

Some posts show passengers walking along the guideway after a breakdown — a widely shared image of inconvenience.

Reddit threads also note that the service was offline for nearly two years before relaunch, frustrating travellers who relied on it before.

💸 Cost vs. Performance Criticism

Social media users question whether the RM456 million upgrade was worth the service problems and argue that funds could be better used elsewhere.

Some comments accuse leadership of political cronyism in contract awards — though these are unverified social opinions and not confirmed facts.

😤 Perception of Mismanagement

Several posts express broader frustration about airport management and slow accountability, not just technical faults, suggesting poor maintenance and oversight as the root cause.

However, other commenters point out that compared to global standards, Occasional APM faults can occur and aren’t unique to KLIA.

📌 Overall sentiment: frustrated and critical, focusing on frequent breakdowns, perceived lack of reliability, questions about value for money, and leadership accountability.

🏛️ 2) Who’s Responsible & How Funding Works
🎯 Key Responsible Parties

Malaysia Airports Holdings Berhad (MAHB)
• MAHB is the operator responsible for the Aerotrain system’s performance as part of its Kuala Lumpur International Airport (KLIA) operations. MAHB pays for the system and its upgrades as part of its airport concession.

Transport Ministry (MOT) / Land Public Transport Agency (APAD)
• The Ministry of Transport acts as a regulator, not a funder, and APAD is tasked with investigating service disruptions and enforcing licence conditions on MAHB.
• Penalties for licence breaches can be imposed based on the Land Public Transport Act 2010 (up to RM250,000 per offence).

Contractors
• The Aerotrain was supplied and installed under contract by Alstom, IJM Construction, and Pestech Technology, and is under a two‑year defects liability period during which technical fixes are their responsibility.

Anti‑Corruption Oversight Bodies
• The Malaysian Anti‑Corruption Commission (MACC) and SPRM have said they can investigate the project if evidence of corruption surfaces — but no formal case has been opened yet.

💰 Funding Breakdown

No direct government budget pays for the Aerotrain — it’s part of MAHB’s capital investment under its concession for KLIA.

The Ministry’s role is regulatory enforcement — making sure MAHB meets performance and safety standards.

Contractors are financially accountable during the defects liability period.

In short: MAHB pays and operates; MOT/APAD regulates; contractors are technically responsible short‑term; anti‑corruption agencies can investigate if wrongdoing is alleged.

🌍 3) How Oversight Works at Other International Airports

Airport people mover systems — like automated people movers (APMs) — are common around the world.

✈️ General Global Model

APMs are typically owned and operated by the airport authority, not a national transport ministry directly.

Regulatory oversight is often split between civil aviation authorities (for safety) and transport agencies (for transit regulation).

🇸🇬 Singapore Changi Airport

Changi’s APM is part of overall airport operations, integrated by the Civil Aviation Authority of Singapore (CAAS) and managed by the airport operator (Changi Airport Group).

System performance and safety are embedded in aviation and infrastructure standards.

🇦🇪 Dubai International Airport

Dubai’s automated people movers connect terminals and concourses; they’re operated under the airport authority, and the Dubai Civil Aviation Authority oversees broader aviation safety and compliance.

🇺🇸 US Airport People Movers

Systems like the Denver International Airport AGTS and Houston’s Skyway are owned by the airport entity itself.

Oversight involves airport management, local transportation authorities, and federal standards, but not a national transport minister directly managing day‑to‑day operations.

📊 Key Differences vs. Malaysian Context
Aspect KLIA Malaysia Other Intl Airports
Funding Airport operator (MAHB) concession Typically airport authority/operator
Oversight MOT/APAD regulatory Civil aviation + transit standards
Operator Accountability Licence & defects period enforcement Performance under operator or authority
External Investigation Possible MACC / SPRM Usually civil safety bodies; corruption probes only with evidence

📌 The pattern abroad shows airport APM systems are generally not treated as core public transit requiring direct ministry control — instead, they’re part of the airport operator’s responsibility with oversight from aviation regulators and technical standards bodies.:

📌 1) 公众对吉隆坡国际机场机场捷运的投诉与看法

在社交媒体和公众评论中,主要议题包括:

🚉 频繁故障与可靠性

许多用户指出,自2025年7月新机场捷运重新启用以来,故障频发,数月内发生多起事故,包括断电和列车中途停运。

一些帖子显示,故障发生后,乘客只能沿着轨道行走——这一画面广为流传,反映了乘客的不便。

Reddit 上的帖子也指出,该服务在重新启用前曾停运近两年,令之前依赖该服务的旅客感到沮丧。

💸 成本与性能的批评

社交媒体用户质疑耗资4.56亿令吉的升级是否值得,并认为这笔资金可以更好地用于其他方面。

一些评论指责管理层在合同授予过程中存在裙带关系——尽管这些只是未经证实的社交媒体观点,并非事实。 😤 管理不善的感知

一些帖子表达了对机场管理和问责迟缓的普遍不满,而不仅仅是技术故障,这表明维护和监管不力才是根本原因。

然而,其他评论者指出,与全球标准相比,偶尔出现机场捷运系统(APM)故障是正常的,并非吉隆坡国际机场(KLIA)独有。

📌 总体情绪:沮丧和批评,主要集中在频繁的故障、可靠性不足、性价比问题以及领导层责任问题上。

🏛️ 2) 责任方及资金运作方式

🎯 主要责任方

马来西亚机场控股有限公司 (MAHB)

• MAHB 是吉隆坡国际机场 (KLIA) 运营中负责机场捷运系统性能的运营商。MAHB 根据其机场特许经营权支付该系统及其升级费用。

交通部 (MOT) / 陆路公共交通局 (APAD)

• 交通部作为监管机构而非出资方,陆路公共交通局 (APAD) 负责调查服务中断情况并执行马来西亚机场控股公司 (MAHB) 的许可证条款。

• 根据 2010 年《陆路公共交通法》,违反许可证规定的处罚最高可达每次违规 25 万令吉。

承包商

• 机场快线由阿尔斯通 (Alstom)、IJM Construction 和 Pestech Technology 根据合同提供和安装,并处于两年的缺陷责任期内,在此期间,技术修复由上述三家公司负责。

反贪污监督机构

• 马来西亚反贪污委员会 (MACC) 和马来西亚警察总局 (SPRM) 表示,如果发现腐败证据,他们可以对该项目展开调查——但目前尚未立案。

💰 资金来源

机场快线并非由政府直接拨款——它是马来西亚机场控股公司 (MAHB) 根据其吉隆坡国际机场 (KLIA) 特许经营权进行的资本投资的一部分。

交通部的职责是监管执法——确保MAHB符合性能和安全标准。

承包商在缺陷责任期内承担财务责任。

简而言之:MAHB负责付款和运营;交通部/机场管理局负责监管;承包商在短期内承担技术责任;反腐败机构可以对涉嫌不当行为进行调查。

🌍 3) 其他国际机场的监管运作方式

机场旅客捷运系统——例如自动旅客捷运系统(APM)——在世界各地都很常见。

✈️ 全球通用模式

APM通常由机场管理局拥有和运营,而不是由国家交通部直接拥有和运营。

监管职责通常由民航当局(负责安全)和交通运输机构(负责过境监管)共同承担。

🇸🇬 新加坡樟宜机场

樟宜机场的自动旅客捷运系统 (APM) 是机场整体运营的一部分,由新加坡民航局 (CAAS) 整合,并由机场运营商(樟宜机场集团)管理。

系统性能和安全性均符合航空和基础设施标准。

🇦🇪 迪拜国际机场

迪拜的自动旅客捷运系统连接航站楼和候机厅;该系统由机场管理局运营,迪拜民航局负责监督更广泛的航空安全和合规性。

🇺🇸 美国机场旅客捷运系统

像丹佛国际机场的自动旅客捷运系统 (AGTS) 和休斯顿的空中捷运系统 (Skyway) 这样的系统由机场实体自行拥有。

监管涉及机场管理部门、地方交通部门和联邦标准,但没有国家交通部长直接管理日常运营。

📊 与马来西亚情况的主要区别

方面 吉隆坡国际机场 (KLIA) 马来西亚 其他国际机场

资金来源 机场运营商 (MAHB) 特许经营 通常由机场管理局/运营商提供

监管 交通部/机场管理局 (MOT/APAD) 监管 民航 + 过境标准

运营商责任 许可证及缺陷期限执行 运营商或管理局的绩效

外部调查 可能由反贪污委员会 (MACC) / 反腐败监察专员署 (SPRM) 负责 通常由民防机构负责;仅在有证据的情况下才会进行腐败调查

📌 国外的模式表明,机场自动旅客捷运系统 (APM) 通常不被视为需要直接部委控制的核心公共交通系统,而是机场运营商的责任。 https://www.facebook.com/watch?v=1766388513991751

Translating Growth into Jobs: The AI & Automation Reality Malaysia Must FaceWhat the Government Is Officially SayingPrim...
12/01/2026

Translating Growth into Jobs: The AI & Automation Reality Malaysia Must Face
What the Government Is Officially Saying

Prime Minister Anwar Ibrahim has repeatedly stated that the government is committed to translating economic growth into real jobs, stable income, and secure futures for Malaysians 🇲🇾📈.

Official data shows unemployment at its lowest level in approximately 11 years (around 2.9%), which the administration highlights as a key success. Ongoing macro-economic policies—budgets, workforce initiatives, and labour-market reforms—are designed to promote inclusive growth and long-term resilience.

However, official narratives have yet to fully address the speed and scale of technological disruption now reshaping the labour market.

Automation, AI and Job Displacement: The Broader Reality

Concerns raised by IPON regarding robots and AI replacing human labour are not speculative—they reflect global and local structural shifts already underway.

Job Losses and Workforce Displacement

Since 2020, nearly 300,000 Malaysian workers have been displaced by automation and AI, particularly in manufacturing, retail, and professional services.

Studies project that over 30% of Malaysian jobs could be affected by AI and automation by 2030, requiring significant reskilling or role transformation.

TalentCorp estimates around 620,000 jobs may be impacted by AI, digitalisation, and green-economy transitions within the next 3–5 years.

💡 These figures do not imply total job elimination—but they do indicate deep changes in job nature, skill requirements, and employment security.

Public Sentiment Cannot Be Ignored

An Ipsos survey shows that 73% of Malaysians are worried about AI-driven job losses.
This reflects widespread anxiety—especially among:

Lower- and mid-skill workers

SME operators

New graduates entering an already crowded labour market

Opportunities Exist—But They Are Uneven

Automation and AI also create new opportunities, but not at the same speed or accessibility for everyone.

Emerging Growth Areas

High-skill roles such as AI engineers, data scientists, and cybersecurity specialists

Strategic sectors including semiconductors and advanced manufacturing

Structural Gap

These roles:

Require long training pipelines

Are limited in volume

Are not immediately accessible to displaced workers or fresh graduates

Government Strategy: Necessary but Not Sufficient

The government’s focus on lifelong learning, reskilling, and digital job-matching platforms (such as MyFutureJobs) is directionally correct.

However, timing and scale matter:

Reskilling outcomes take years, while displacement is happening now

Each year, new graduates enter the workforce, compounding pressure

Smaller operators and human-labour-dependent businesses struggle to compete with 24/7 automated production

Political Context: Why This Matters for GE16

Employment insecurity is not just an economic issue—it is a political reality.

If technology adoption outpaces:

Social protections

Practical reskilling pathways

Immediate income-generating alternatives

then voter confidence may erode—particularly among younger jobseekers, displaced workers, and lower-income households.

Failure to address this gap meaningfully could influence public sentiment heading into GE16.

Realities vs Fears
Concern Evidence-Based Reality
Robots & AI will cause job losses Displacement is already occurring, especially in manufacturing and services
AI will eliminate all jobs No—but many jobs will fundamentally change
Small operators can’t compete True without targeted support and alternative models
Automation lowers costs Yes, but benefits are unevenly distributed
Political backlash is possible Likely if gains are not felt inclusively
What Will Actually Help Workers

Global labour-economics research consistently points to four pillars:

Effective, practical reskilling (not just certification)

Social safety nets during transition periods

Support for decentralised, human-centred service sectors

Collaboration between government, industry, education, and community players

IPON’s Position: A Practical Complement to National Policy

IPON is ready to support workforce transition immediately, not in theory but in practice.

We are prepared to:

Retrain displaced workers, retirees, homemakers, and jobseekers

Enable them to operate bioelectric recharging services from home or small community centres

Serve a growing population seeking preventive, regenerative, and affordable health solutions

This model:

Requires minimal land and infrastructure

Is human-centred, not automation-dependent

Creates direct service-based income

Aligns with ageing-population and public-health realities

Economic growth alone does not guarantee social stability.
How growth is translated into livelihoods—during an AI-driven transition—will define Malaysia’s economic and political future.

IPON stands ready to be part of the solution which the government will not be able to solve.将增长转化为就业:马来西亚必须面对的人工智能和自动化现实
政府的官方说法

首相安华多次表示,政府致力于将经济增长转化为真正的就业机会、稳定的收入以及马来西亚人民的有保障的未来🇲🇾📈。

官方数据显示失业率处于约 11 年来的最低水平(约 2.9%),政府强调这是一项关键成功。正在进行的宏观经济政策——预算、劳动力计划和劳动力市场改革——旨在促进包容性增长和长期弹性。

然而,官方说法尚未完全解决正在重塑劳动力市场的技术颠覆的速度和规模。

自动化、人工智能和工作取代:更广泛的现实

IPON 对机器人和人工智能取代人类劳动力的担忧并非推测性的——它们反映了全球和当地已经发生的结构性转变。

失业和劳动力流失

自 2020 年以来,近 30 万马来西亚工人因自动化和人工智能而失业,特别是在制造、零售和专业服务领域。

研究预测,到 2030 年,超过 30% 的马来西亚工作可能会受到人工智能和自动化的影响,需要大量的重新技能或角色转变。

TalentCorp 估计,未来 3-5 年内,大约 620,000 个工作岗位可能会受到人工智能、数字化和绿色经济转型的影响。

💡 这些数字并不意味着工作岗位全部消失,但它们确实表明工作性质、技能要求和就业保障发生了深刻变化。

民意不容忽视

益普索 (Ipsos) 调查显示,73% 的马来西亚人担心人工智能导致的失业。
这反映了普遍的焦虑——尤其是在以下人群中:

中低技能工人

中小企业经营者

新毕业生进入已经拥挤的劳动力市场

机会是存在的,但机会并不均衡

自动化和人工智能也创造了新的机会,但速度或对每个人的可及性并不相同。

新兴增长领域

人工智能工程师、数据科学家和网络安全专家等高技能角色

半导体和先进制造等战略行业

结构性差距

这些角色:

需要很长的训练管道

数量有限

失业工人或应届毕业生无法立即接触到

政府策略:必要但不充分

政府对终身学习、再培训和数字工作匹配平台(例如 MyFutureJobs)的关注方向是正确的。

然而,时间和规模很重要:

重新培训的结果需要数年时间,而流离失所现在正在发生

每年都有新毕业生进入劳动力市场,压力加剧

小型运营商和依赖人力的企业难以与 24/7 自动化生产竞争

政治背景:为什么这对第 16 届大选很重要

就业不安全不仅仅是一个经济问题,也是一个政治现实。

如果技术采用速度超过:

社会保护

实用的再培训途径

立即创收的替代方案

那么选民的信心可能会受到削弱——尤其是年轻的求职者、失业工人和低收入家庭。

如果不能有效地解决这一差距,可能会影响第十六届大选的公众情绪。

现实与恐惧
关注基于证据的现实
机器人和人工智能将导致失业 失业已经发生,特别是在制造业和服务业
人工智能将消除所有工作 不,但许多工作将从根本上改变
如果没有针对性的支持和替代模式,小型运营商就无法真正竞争
自动化降低成本 是的,但收益分配不均
如果不能包容性地感受到收益,可能会出现政治反弹
什么能真正帮助工人

全球劳动经济学研究一致指出四大支柱:

有效、实用的再培训(不仅仅是认证)

过渡时期的社会安全网

支持分散的、以人为本的服务部门

政府、行业、教育和社区参与者之间的合作

IPON 的立场:国家政策的实际补充

IPON 已准备好立即支持劳动力转型,不是在理论上,而是在实践中。

我们准备:

对失业工人、退休人员、家庭主妇和求职者进行再培训

使他们能够在家中或小型社区中心操作生物电充电服务

为不断增长的人口提供预防性、再生性和负担得起的健康解决方案

该型号:

需要最少的土地和基础设施

以人为本,不依赖自动化

创造基于服务的直接收入

符合人口老龄化和公共卫生现实

经济增长本身并不能保证社会稳定。
在人工智能驱动的转型过程中,增长如何转化为生计将决定马来西亚的经济和政治未来。

IPON 随时准备成为政府无法解决的解决方案的一部分。

Kadar pengangguran negara menurun ke paras terendah dalam tempoh 11 tahun, setakat akhir tahun lepas.

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