Malaysia Morning News For August 28

Malaysia Morning News For August 28

Malaysia morning newsWestports on RM10bil expansion
Westports Holdings Bhd is expected to invest up to RM10bil to double its container-handling capacity and the company will tap the bond market to partly finance this plan.
—The Star Online

Malaysia to promote halal exports at expo
Exporters from Malaysia, the world’s largest producer and exporter of halal food products, are going to showcase its multi-billion dollar halal industry that last year recorded $9.79 billion (RM42 billion) worth of Halal exports worldwide – at the 9th edition of the Halal Expo Dubai to be held on Sept. 18-19 at the Roda Al Bustan Hotel near Dubai International Airport.
Saudi Gazette

Alipay extends reach in Malaysia with Starbucks
Alibaba’s mobile payment platform is now available in all Starbucks outlets across Malaysia, enabling Chinese visitors to the country to use the service and pay in their domestic currency.

China investors still bullish on Malaysian real estate
China’s real estate investment in foreign countries fell by 82.1% in the first half of 2017, seen as one of the results of tightened measures on overseas investments since last year, according to the CommerceMinistry.
The Star Online

Economist: ECRL, HSR not cost-effective, current transport adequate
A former World Bank economist says the construction of two major rail networks in the country will not be cost-effective as the existing transport and infrastructure system was good enough to transport people and goods.
Free Malaysia Today

Malaysia-China ties to see a ‘diamond era’
While Malaysian businesses were helping China in the 1980s through the 1990s, China is playing a vital role in the Malaysian economy now. Dr Huang Huikang, China’s Ambassador to Malaysia, gives his views on bilateral ties in an interview with Ho Wah Foon and Yimie Yong of The Star.
The Star Online

Healthy China-Malaysia ties could hurt ethnic Chinese
President Xi Jinping this year described relations between China and Malaysia as the “best ever” in history, echoing what Malaysian Prime Minister Najib Razak had said two years ago.
Today Online

Tourism Malaysia: Take advantage of sweet September
Take advantage of the multiple public holidays in September and enjoy the scenic beauty of the country on “cuti-cuti Malaysia” outings – that’s the message from Tourism Malaysia.
The Star Online

AirAsia upgraded to hold at TA Securities; PT 3.57 ringgit
TA Securities Holdings Berhad analyst Kam Meng Tan upgraded the recommendation on AirAsia Bhd to hold from sell.
The Edge Markets

Private consumption expected to be resilient
PublicInvest Research is positive on the outlook for private consumption in Malaysia, which it expects to continue being resilient, in line with Malaysia seeing an improvement in Nielsen’s Global Survey on consumer confidence and spending.
The Sun Daily

BNM never interfere with any merger and acquisition activities
Bank Negara Malaysia (BNM) has reiterated that it does not and will not interfere with the negotiations between any parties in relation to mergers and acquisitions in the banking industry.
The Borneo Post

Bubbly times keep flowing at Chatime
Sales at four Chatime outlets which continued with the brand following the fallout between franchisor La Kaffa International Co Ltd and master franchisee Loob Holding Sdn Bhd have soared 200%, according to new master franchisee Will Group Sdn Bhd.
The Sun Daily

KWAP narrows down foreign insurers to three
The Retirement Fund Inc’s (KWAP) has narrowed down its investment option to three foreign-owned insurance companies and it is in the midst of appointing an advisor on the matter, said chief executive officer Datuk Wan Kamaruzaman Wan Ahmad.
The Borneo Post

R&F Properties, which has developments in Malaysia, roars back into spotlight on Wanda deals
Once the leader of the elite group of developers known as the “Five South China Tigers”, Guangzhou R&F Properties gradually became overshadowed by bigger beasts, but it’s now back in focus even as many rivals shy from the limelight.
The Star Online

Ringgit likely to trade higher at 4.25-4.27 against greenback next week
The ringgit is expected to trade firmer against the US dollar at 4.2500 to 4.2700 level next week on strong demand for the local note, backed by rising commodity prices and a weaker US dollar.
The Sun Daily

1,500 SMEs to be listed on by November
A total of 1,500 pilot small and medium enterprises (SMEs) will be ready for listing on the e-commerce platform by early November, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
The Borneo Post

The Chinese are waking up to Malaysian coffee
Malaysia and China may be thousands of kilometres apart, but the similarities of the two nations have brought the people together, if not closer.
The Star Online

Bursa Malaysia expected to trend sideways next week
Bursa Malaysia is expected to continue to trade sideways next week, with the benchmark index fluctuating between 1,760 and 1,780 points on factors coming from both local and foreign fronts.
The Borneo Post

Honouring the best of Corporate Malaysia
The crème de la crème of Corporate Malaysia came together last Monday to pay tribute to the country’s top listed companies and outstanding corporate performers at The Edge Billion Ringgit Club Corporate Awards 2017. This is the eighth year the awards are being presented.
The Edge Markets

Crude Palm Oil Weekly Report – 26 August 2017
Malaysian palm oil futures reversed last week losses and rose, surging to five month high, on expectations that production growth will be slower than previously forecast and tracking soyoil surges on Chicago Board of Trade (CBOT).
The Borneo Post

Property sales to drive Paramount profit higher in 2H
At first glance, Paramount Corp Bhd has not had a good start to 2017. Net profit fell 32% year-on-year (y-o-y) to RM23 million in the first half ended June 30, 2017 (1HFY17), despite a 27% increase in revenue.
The Edge Markets

Biz Events: What’s next for Sarawak?
Last year, Sarawak with its population of just 2.7 million, stepped onto the world stage and hosted the prestigious International Congress and Convention Association (ICCA).
The Borneo Post

Study finds personal choice and demographics play a role in perpetuating ethnic divisions, but as critics point out, politicians have been quick to capitalise on the situation
South China Morning Post


Feature photo Christopher Crouzet
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Malaysia morning news by AEC News Today is your one stop source for Malaysia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.



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