Malaysia Morning News For December 1

Malaysia Morning News For December 1

Malaysia morning newsMalaysia parliament removes mandatory death penalty for drug offenders
Malaysian lawmakers voted on Thursday (Nov 30) to remove the mandatory death penalty for drug offences, giving judges full power to decide sentences of drug offenders.
— Channel News Asia

Malaysia promotes role as gateway to region’s economy
The Malaysian government is urging foreign businesses to use the country as a launchpad into Asia, as the region’s economy is expected to grow further.
— Asian Nikkei Review

Malaysia and Indonesia may hold the key to saving the world from Bananageddon
The $12.4 billion global banana industry is at risk from an insidious fungus known as fusarium wilt, which has already destroyed tens of thousands of hectares of banana plantations across Southeast Asia and Australia.
— Southeast Asia Globe

Malaysia, Thailand and Indonesia to restrict rubber exports again
Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday).
— The Star Online

Japan calls on Malaysia to exert pressure on North Korea
Japan’s Ambassador to Malaysia on Thursday (Nov 30) called on Putrajaya to join Tokyo in exerting pressure on North Korea to stop its nuclear and missile provocations.
— Channel News Asia

Malaysia’s dilemma with China’s growing interest
GROWING Chinese investments in Malaysia is forcing the government to balance between the influx of economy-boosting investments, while keeping Beijing’s influence in check, according to a report in US magazine Forbes.
— The Malaysian Insight

Malaysia airports to charge anti-terror fee
Passengers flying out of Malaysia are to have another burden as they will have to pay about RM35 (S$11.50) once the government introduces the Advance Passenger Screening System (APSS), reported the Sun.
— Today Online

Malaysia tour group arrested trying to smuggle HK$4m of drugs into Hong Kong: Report
Six members of a tourist group from Malaysia were arrested in Hong Kong for attempting to smuggle in nearly HK$4 million (US$512,000) worth of drugs into the city, local media reported on Thursday (Nov 30).
— Channel News Asia

Iskandar Malaysia records RM244b committed investments
Iskandar Malaysia had registered total committed investments of RM244.46bil between 2006 and Sept 30, 2017 of which 54% of these investments already realised.
— The Star Online

Malaysia Financial Regulator Unveils Blockchain Pilot Project
The Securities Commission (SC) Malaysia is exploring the use of distributed ledger technology for the over-the-counter (OTC) market. The pilot project, run through SC’s Alliance for Fintech (aFINity) program, aims to examine how blockchain could facilitate unlisted market activity and improve transparency.
— Coin Journal

Public Mutual declares RM96m distributions for 5 funds
Public Mutual has declared distributions amounting to more than RM96mil for five funds for the financial year ended Nov 30, 2017.
— The Star Online

Ban on palm oil biofuels a step backwards on EU-Malaysia relations, says Mah
The government describes European Union (EU) Parliament’s Industry, Research & Energy Committee (ITRE) to endorse the ban palm oil biofuels as a step backwards for EU-Malaysia trade relations.
— New Straits Times

Nestle and Press Metal to be included in FBM KLCI index; to replace BAT and IJM
Nestle (Malaysia) Bhd and Press Metal Aluminium Holdings Bhd are set to replace British American Tobacco (Malaysia) Bhd (BAT) and IJM Corp Bhd in FTSE Bursa Malaysia KLCI index effective December 18, according to FTSE Russell and Bursa Malaysia.
— New Straits Times

AirAsia to add new flight to Malaysia from Visakhapatnam
To attract tourists from Andhra Pradesh, the Malaysia Tourism Promotion Board has announced special offers for this season. Noor Azman Bin Samsudin, director (South India and Sri Lanka) of Malaysia Tourism Promotion Board, addressing the media in Visakhapatnam on Thursday. “Now Air Asia will fly to Kuala Lumpur on Tuesday, Thursday, Saturday (additional) and Sunday,” said Mr. Noor.
— Nyooz

Malaysia offers special package to woo tourists
To attract tourists from Andhra Pradesh, the Malaysia Tourism Promotion Board has announced special offers for this season.
— The Hindu

Forex RCI: Bank Negara losses affected Malaysia’s economy
Bank Negara Malaysia’s (BNM) losses due to foreign exchange (forex) dealings between 1992 and 1994 had a huge impact on the nation’s economic development, according to the Royal Commission of Inquiry (RCI).
— The Star Online

‘Barisan is 95% ready to face GE14’
Barisan Nasional’s readiness to face the 14th general election is now at 9.5 on a scale of 1 to 10, said Datuk Seri Dr Ahmad Zahid Hamidi.
— The Star Online

CMS still well-positioned to benefit from mega development plans in Sarawak
Cahya Mata Sarawak Sdn Bhd (CMS) is well positioned to benefit from mega government development plans in Sarawak, analysts say.
— The Borneo Post

Salary and hiring intentions in Malaysia and across Asia
Driven by a talent shortage in critical roles as Malaysia moves towards the 4th industrial revolution, overall salary increase in Malaysia across industries has been projected to be 5.5%, according to Mercer’s Compensation Planning Report 2018.
— Human Resources Online

 

Feature photo ILO in Asia and the Pacific

 

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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