The recent statement by Malaysian Defence Minister Mohamed Khaled Nordin that China supports the development of a South China Sea Code of Conduct (COC) underscores Malaysia’s cautious but strategic approach to maritime diplomacy. Behind the diplomatic language lies Kuala Lumpur’s balancing act by protecting its territorial sovereignty and economic interests while maintaining stability and constructive relations with Beijing. Malaysia’s treatment of the COC process reflects its deliberate caution: an understanding that preserving and protecting national territory requires both firmness and finesse. Malaysia’s approach to the South China Sea is defined by three interlocking objectives: safeguarding sovereignty, preserving regional peace, and avoiding great-power entanglement. On sovereignty, Malaysia has long maintained that disputes must be resolved through diplomacy and international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS). Kuala Lumpur reje...
The accelerating convergence of quantum computing, artificial intelligence (AI), and stablecoin technologies has placed Malaysia’s financial sector at a crossroads. These innovations promise efficiency, speed, and inclusion but they also introduce unprecedented vulnerabilities that could destabilise the nation’s economy and sovereignty. As financial crimes become more sophisticated, borderless, and automated, the idea of creating a national intranet: a semi-closed digital ecosystem similar to China’s “Great Firewall” or its “national internet” is gaining quiet traction in security circles. The question is not simply technological but existential: can Malaysia afford to remain open in a world where cyber and financial terrorism can paralyse an economy in minutes? To understand why this debate matters, one must first appreciate the growing complexity of financial terrorism. Unlike traditional terrorism, which relies on physical violence, financial terrorism weaponises economic systems by...